|SEPTEMBER 24, 2012|
- Asia-Europe rate down 3.8pc to US$1,172/TEU, transpacific rate rises 0.6pc
- Tiny Tuvalu strips Iranian ships of its flag to comply with UN, US sanctions
- Xiamen to develop world shipping hub to boost ties with Taiwan port cities
- Japanese exports to US surge 10pc while imports from US slip 0.1pc
- OOCL Logistics to handle Bayer pharmaceuticals in and out of China
- Sinotrans signs up Canada's Centreport to import grain, timber and beef
- Tianjin Port North Zone to contain three 16-million TEU capacity box shops
- New Zealand court clears Tauranga to dredge shipping channel to 15 metres
- Kill piracy with kindness, not force, says insurers' intelligence chief
- Tanzania installs radar and AIS system to counter pirate operations
- China now second biggest US potato consumer as annual volume soars 57pc
- Canadian National buys 2,200 freight cars and 1,300 containers in 2012
- Japan's MOL issues Environmental and Social Report for 2012 in English
- Changi Airport August cargo falls 4.4pc, but passenger numbers rise
- EFIS Air flies 180 breeding cows to Mongolia from central France
- EU mulls suspension of airline carbon emission tax to avoid trade war: BIFA
- Lufthansa to invest millions in building new Frankfurt cargo centre
|SEPTEMBER 21, 2012|
- deugro Projects (India) & Boxco Logistics handle heaviest consignment from Mumbai Port
- JBS Academy conducts training programme for Transworld CFS, Mundra
- WISTA to be launched in India
- Engineering exports drop 9.7 pc in Aug.
- Indian cos to set up auto SEZ in Sri Lanka
- Onion exports rise 23 pc to 7.9 lakh t
- Essar Ports re-finances 405 cr. debt through IIFCL
- GTI stir postponed
- Port Pipavav commences wheat shipments for govt of India
- Proposed US East & Gulf coasts port stir suspended for 90 days
- AIMTC wants diesel price hike rolled back, other pending issues resolved
- Forex reserves up $ 2.43 bn to $ 294.47 bn
- INR ends week at new high
- A new PPP story
- 300-t plate bending machine transported from Switzerland to Russia
- GPLNs technical seminar in South Africa
- ICTSIs Poland terminal handles oversized wind farm components
- Tacoma port handling more break-bulk
|SEPTEMBER 21, 2012|
- Fiat Professional introduces the New Doblò XL
The Italian truck maker Fiat Professional has introduced the new Doblò XL, thereby strengthening its Dobl' Cargo range. The new vehicle model has three different sizes of euro 5 t...
- SriLankan Cargo Centre on course for record-breaking year
SriLankan Cargo has taken a firm step towards positioning Colombo's Bandaranaike international airport (BIA) as a regional hub for air freight, by handling the highest ever volumes...
- Promising August cargo traffic at HKIA
Hong Kong International Airport (HKIA) saw another busy month in August with its cargo volume growing by 3% to 328,000 t, as HKIA approaches the busier months before the end of the...
- Ethiopian receives Africa's first Boeing B777 freighter
On 19 September 2012, Ethiopian Airlines became the first carrier on the African continent to receive and operate a Boeing B777 freighter. The arrival of this aircraft enables Ethi...
- New chairman and CEO for Egyptair
Captain Roshdy Zakaria has been named chairman and CEO of Egyptair Airlines, replacing Hossam Kamal. Zakaria has been at Egyptair for 30 years and held many positions, including th...
- Scandlines' owners may sell shares
The owners of Scandlines Allianz Capital Partners and 3i are considering selling Scandlines. The shareholders hope to get up to EUR 1.4 billion. However they are looking for possib...
- Hellmann testing LNG as fuel for HGVs
The German service provider Hellmann Worldwide Logistics has worked with commercial vehicle makers Scania and Iveco, plus the German petrol station builder Bohlen & Doyen, to c...
- Eurotunnel wins the 2012 Deutsche Bahn award
Deutsche Bahn's "Best Supplier" prize recognizes the best overall performance of an infrastructure or rolling stock specialist. Now Eurotunnel has become the first French...
- New combined shuttle train connects European and Asian continents
CFL cargo and CFL Multimodal have officially launched a new combined train service between Bettembourg (Luxembourg) and Trieste (Italy). The project has been implemented in collabo...
- New director of sales for DHL Express France comes back from Canada
Jean-Marc Sager has been appointed director of sales and, as such, becomes a member of the board of DHL Express in France. He will head a department of 170 people. He was previousl...
- Sale of Gefco to RZD now definite
The French automobile corporation PSA Peugeot Citroën has officially confirmed that it is has commenced exclusive negotiations about the sale of its transport and logistics subsidi...
- Kuehne + Nagel stepping up activities again at the port of Duisburg
The Kuehne + Nagel Group, an international service provider based in Switzerland), has opened a new logistics centre in the inland port of Duisburg (Germany). With this new facilit...
- General Transport: bending machine from Switzerland to Yekaterinburg (Russia)
The Basel (Switzerland)-based forwarder General Transport AG, a member of the Worldwide Project Consortium WWPC, was recently awarded a contract to arrange the transportation and s...
|SEPTEMBER 21, 2012|
- USCG exercises option with Bollinger for six more FRCs
- Ulstein gets design package orders for 12 X-Bow PSVs
- Tuvalu deregisters Iranian controlled ships
|SEPTEMBER 21, 2012|
- Federal mediator reports contract talks extended 90 days
- Port of Kalama welcomes vessel on maiden voyage
- First Boeing 777 Freighter delivered to African customer
- Pair of trade conferences headed to Portland hotel
- US rail traffic numbers see up/down month of August
|SEPTEMBER 21, 2012|
- Heavy Brazilian rainfall boosts ethanol exports
Improved sugarcane harvest will lift south-to-north chemtanker loadings
- Suezmaxes lose West Africa cargoes to VLCCs
Charterers turn to larger spot-market tonnage as suezmax owners play 'hardball'
- Shipping struggles for reasons to be cheerful
Moore Stephens' business confidence survey reveals industry at a low ebb
- Down in the dumps? You are not alone
Surveys of non-shipping sectors point to shared mood
- Capesize spot market seizes the moment
As China stimulus boosts rates, will the party end before it starts?
- Picking the winners
Those who can manage ships are well positioned to land new business
- Time-bomb defused
Master contract extension brings compromise to US dock labour dispute
- Why stevedores need soft skills
Everyone will try a little harder for a boss they respect, and automation will not alter this
- Essar Ports turns to government fund to refinance bulk terminal debt
Deal with India Infrastructure Finance will reduce firm's interest rate
- Maersk Tankers to sell small Broström tonnage
Sale of 13 vessels confirmed as company bats away rumours it will sell the business
- US investment house takes ICTSI stake
Los Angeles-based Capital Group Companies buys 8.7% of expanding global terminals operator
- Brittany Ferries cancels sailings
Passenger and freight services between the UK, France and Spain fall victim to second day of wildcat strikes
- UK port capacity and marine pilotage top Transcom agenda
No inquiries planned for private security services, safety or seafarer fatigue
- Ningbo opens shipping exchange
China's second largest port craves greater industrial say
- Exclusive: Index-linked contracts could prolong capesize woes
Baltic Exchange fails to reflect owners' costs, MOL executive argues
- Tuvalu deregisters all NITC tankers
Iranian vessels expected to switch to domestic flag
- Exclusive: Sanctions-squeezed Iran and Syria continue partnership
Suezmax Amin sailing from Syria to the Middle East via Cape of Good Hope
- K Line ends China travel ban
Japanese shipping giant cites 'easing' situation in wake of violent protests over islands
- Exclusive: Citibank sees attractive margins in ship finance
Shipping credit price is now appropriate to risk, says US bank
- Pacific Basin issues convertible bonds to back fleet expansion
Hong Kong handysize player shops around for secondhand tonnage
- CMHI takes control at Shenzhen Chiwan Wharf
China's leading port operator aims to consolidate nearby berths
- ILA and USMX agree 90-day contract extension as talks continue
Strike threat lifted at US east and Gulf coast ports before November 6 presidential election
|SEPTEMBER 21, 2012|
- Fredriksen plots new IPO
A preliminary prospectus was filed today for the initial public offering of Seadrill Partners LLC, the latest public entrant backed by shipping tycoon John Fredriksen
- Japan's shipyard orders climb 128%
JAPAN'S shipbuilders said orders surged 128% year on year in August
- Brittany Ferries suspends all sailings
CHANNEL ferry operator Brittany Ferries said this afternoon it has halted all its sailings in reaction to strikes by its seafarers
- Seoul lifts suspension on Iranian crude
SOUTH Korea is set to receive its first post-sanctions Iranian crude imports later this month
- Oz approves $277M in offshore projects
AUSTRALIA has given the project cargo sector a boost by granting seven new offshore exploration permits this month, worth $277M
- Handy tanker rates gaining in Asia
FREIGHT rates to carry refined oil products on Handysize tankers in Asia Pacific have been up all week in line with refinery outages and closures in Japan and Australia
- W African LPG cargo might to Asia
LPG TRADERS told Fairplay today a West African LPG cargo might be diverted from Europe to Asia, with East/West price spread making such sales more attractive
- Cap seen on further Capesize rate gains
BROKERS told Fairplay they expect charterers to resist further gains in Capesize bulker rates, especially on the Western Australia/China iron ore route
- Otto S&P to yield $16.8M
SINGAPORE-listed offshore player Otto Marine said today it would gain $16.8M from the sale of a work maintenance vessel
- CMA CGM turns to turtle transport
CMA CGM said today it plans to branch out into turtle transport
- Box ship owners jilted
HIRE RATES for chartering box ships have failed to pick up after the summer lull despite an increase in fixing
- Pacific Basin to raise $124M from bonds
HONG KONG-listed Pacific Basin said today it will issue new convertible bonds to raise $123.8M for vessel acquisitions
- Profit squeeze warned for vehicle carriers
DNB BANK has cautioned that profits for vehicle carrier operators might be squeezed until 2015, with demand outstripping supply
- Brittany Ferries stalemate sparks new strike
CHANNEL operator Brittany Ferries was hit today by a new strike as the stalemate continues over proposed benefits cuts
- NZ box giants technically bury the hatchet
AUCKLAND and Tauranga raised eyebrows today by unveiling a collaboration scheme for New Zealand's first and only shipping portal
|SEPTEMBER 21, 2012|
- Drought Spells Delay in Shift to Meat
The drought in the U.S. Midwest will stall or at least slow the long-term trend toward higher protein diets in...
- NYCT Truckers to Get Relief from Bridge Toll Increases
The Port Authority of New York and New Jersey, working with N.Y. Gov. Andrew Cuomo, reached agreement with the New...
- Shipping Rate, Surcharge Update for Week of Sept. 17-21
OOCL will increase freight rates on services from South East Asia, India and the Middle East to Australia next...
- Study: Export Growth, Near-Sourcing Could Create 5 Million US Jobs
U.S. export growth and the shift of production back to the U.S. could create up to 5 million jobs and...
- Commentary: Forwarding FedEx Growth
Amid a FedEx earnings call last week that was a virtual catalog of how shippers are weathering tough times by...
- Commentary: Rates and Ratings: A Leg to Stand On?
Q: I don't believe I've seen this one asked before. I work for a post-audit company, and one of our...
- Commentary: Into the Homestretch
The nights are cooler and the days are shorter. The long Labor Day weekend is behind us and the kids...
- Commentary: NY Port Authority's Tolls Taking Their Toll
The Port of New York and New Jersey, the third-largest U.S. container port and a contender for the top slot...
- WTO Downgrades Global Trade Forecast for This Year, 2013
The World Trade Organization on Friday downgraded its trade growth forecast for 2012 by 32 percent and by 19.6 percent...
- Eurogate Inaugurates Germany's First Deep-Water Container Port
The official inauguration today of Germany's first deep-water container terminal, in the Port of Wilhelmshaven, sets the stage for a...
- NYK Acquires Controlling Stake in Russia's Rolf Logistics
Japanese shipowner NYK Line has acquired a 51 percent controlling stake in the logistics operations of Russia's Rolf Group,...
- MNX to Expand in Singapore
MNX will expand its Singapore operation, which will be bolstered to take on a regional hub role. The office...
- Massport Names Glynn New CEO
The Massachusetts Port Authority named Thomas Glynn to serve as CEO and executive director, overseeing Boston's Logan International Airport, the...
- Strike Threatens India's Nehru Port
Jawaharlal Nehru Port (Nhava Sheva), India's top container handler, is bracing for yet another disruption to shipping as unionized dockworkers...
|SEPTEMBER 21, 2012|
- Big John at it again
John Fredriksen's Seadrill Partners is moving forward with a plan to pursue a public listing on the New York Stock Exchange.
- Cape crusader?
Sinokor Merchant Marine of South Korea has been linked to another acquisition involving a capesize bulker and a leading Asian shipping clan.
- Marshall plan
Two Japanese shipyards have won deals to build cargoships for the Marshall Islands government.
- Maersk back as a buy
Expectation of a recovery in the container shipping market has contributed to DNB Markets placing a buy tag on AP Moller-Maersk.
- Coastal on a roll
Malaysian offshore support vessel builder Coastal Contracts has continued its hot streak with a fresh order for three ships.
- AHTS rates jump
The tight supply of anchor-handling (AHTS) vessels in Norway has sent daily rates to a six-month high on Friday.
- Arctic heads to Crist
Norway's Arctic Shipping has ordered a new fish-feed carrier from Poland's Crist shipyard.
- Myth becoming reality
China Shipping is plotting a potential 20-strong VLCC order as part of the state's plans to create a major Chinese tanker pool, a leading executive says.
- Brazil: 250 ships needed
Brazil will need another 250 offshore vessels by 2020, the vice president of private equity fund P2 said.
- Essar trims debt cost
India's Essar Ports has taken advantage of a government backed scheme that will see it shell out less in interest payments.
- China staying open
China will keep opening up its markets to foreign shipowners, according to vice-minister of transport Xu Zuyuan.
- 'Play along' with Big John
Fleet expansion at historically low prices and expectation some existing newbuildings will be cancelled have helped Frontline 2012 win a buy rating from Danske Markets.
- Bulker bashes Santos
A Japanese bulker has damaged loading gear at the Brazilian port of Santos after breaking free of its moorings.
- NOL set for comeback
Neptune Orient Lines has been tipped to stage a comeback on the back of a global economic recovery.
- Pappas pushing comeback
TradeWinds digests the digits making the headlines this week.
- Count yourselves lucky
We take a look at what was said in the market over the past week.
- Brittany hit by strikes
A number of cross-Channel sailings have been lost as Brittany Ferries crew stage a strike.
- CTN faces spill fine
Tunisian ferry operator CTN is facing a EUR 1m ($1.3m) fine for an alleged oil leak in the Mediterranean.
- Courage re-signs Maxmart
Courage Marine has agreed a new year-long brokerage agreement with Taiwan's Maxmart Shipping & Trading.
- Global offloads tanker
Global Carriers has sold a small six-year-old products tanker at a bargain price in the face of deteriorating market conditions.
|SEPTEMBER 21, 2012|
- NY/NJ port authority extends terminal lease, starts new truck ID system
- LA approves funding to complete channel dredging
The Los Angeles Harbor Commission on Thursday approved $7.5 million for the final phase of the Port of Los Angeles' main channel deepening project to take the navigational channels and basins to a 53-foot depth.
- Colombia ambassador details infrastructure plans
Colombian President Santos' "objective is to leapfrog our competitiveness by increasing investment in highways, railways, ports and airports to three percent of GDP, from historically low levels of only 1 percent," the ambassador said.
- ILA, USMX agree to 90-day contract extension
The International Longshoremen's Association and U.S. Maritime Alliance have agreed to extend their collective bargaining agreement, which was due to expire at the end of this month by 90 days, until Dec. 29.
- Analysis: Downplaying China's wage increase impact
"If you're talking about China as a factory to the world, wage increases are a factor," said Ted Dean, chairman of Beijing-based AmCham China. "But if you're an American company looking at the second biggest economy in the world, it's not."
- NZ ports launch container management portal
The site will provide companies doing business with Tauranga and Auckland terminal operators a series of tools for container management and data from a single, comprehensive source around containerized cargo.
- New German deepwater port opens
- Massport names Glynn new CEO
- NY/NJ port authority eyes Atlantic City Airport
- CLX Logistics acquires LHC
- Commentary: Waste materials get their own load board
- Con-way Truckload's Schmidt retires
|SEPTEMBER 21, 2012|
- Bunker prices end week higher in the Americas
Demand was busy on the US Gulf, according to a local trader.
- Risler closed for holiday
Risler will be closed on Monday, September 24.
- Crude oil making strong gains on Friday
November futures on NYMEX rose as much as 1.2% in early trading
- Market in Fujairah closes week on firm note
Bunker prices in South Africa take a tumble.
- Market firm after four consective days of losses across Europe
Mediterranean price up but lagging behind northern Europe.
- New port will be able to handle 'super size' container ships
Latest development in global moves to accommodate larger, more fuel-efficient box carriers.
- Strike threatens Piraeus port
Prompt bunker supplies likely to be affected but not scheduled deliveries.
- 'New awareness' of problems posed by low-sulphur plans
"There is more political understanding that there is a problem coming up," says ICS.
- Efficiency requires investment, says class
CO2 emissions from shipping could rise significantly unless companies invest.
- Week ends with prices largely up
Supplies of bunker fuels were fine at key Asian ports on Friday.
- 'Keen interest' in fuel-efficient new-build
'Eco-container ship' due for delivery this month.
- China fuel oil stocks marginally down
Figure at approximately 3.08 million mt in the week ended Friday.
- Port strike on hold
Current contract remains in place 'til end of year.
- Russian bunker association wants help on 'problem of 2015'
Russian prime minister sent appeal by industry players.
- Nigeria starts port levy for environment protection
Levy is applicable to all vessels calling at Nigerian ports.
- Russian firms to study LNG bunkering in North and Baltic Seas
Study could be expanded to Black and Mediterranean Seas and the Pacific Ocean.
- Dan-Bunkering adds trader to Monaco branch
Firm appointed Jacopo Pigliapochi as bunker trader in August.