|JUNE 25, 2012|
- Panama Canal builds first monolith section for enlarged Pacific locks
- Lianyungang's 5-month volume up 16pc, now aims to be Rotterdam of the East
- Three Sino-Vietnamese cross-border highways to open to traffic in August
- Fujian's five-month container throughput up 9.8pc to 3.98 million TEU
- Shanghai to pay transshipment tax rebate for river Yangshan-bound cargo
- SDV launches LCL service to transport perishable goods from Spain to Japan
- Swire Shipping starts new Asia-PNG-Australia multipurpose service
- JAXPORT to boost perimeter security with new thermal video system
- Non-lethal measures long-term key to combating piracy at sea: GAC
- Global UN carbon emissions tax proposal to be delayed until 2013: ICAO
- Gulf air carriers mull expanding equity stakes in Australian and NZ markets
- Irish-American aviation leasing firm profits down to US$765 million
|JUNE 22, 2012|
- Container shipping seen poised for recovery due to realistic pricing
- CPX service now calls at Mundra
- Importance of innovation, customer service for carriers emphasised
- Lines & unions in favour, shippers against weighing laden boxes
- NYK jointly participates in Wheatstone LNG project
- Shipowners stress their role in delivering green growth
- Vessel arrival reliability up in May: SeaIntel
- GTI again faces strike threat on June 28
- Vallarpadam ICTT to follow SEZ & not Customs procedures for transhipment boxes
- ECR freight earnings surge 43 pc in April-May
- NHB, Concor commence Nashik-Kolkata onion freighter service
- Exchange rates for import, export goods notified
- Forex reserves up $ 2 bn
- INR sees worst 9-month fall last week; projected to depreciate further
- Pranab projects economy to 'turnaround' in FY13
- The power of a "no"
- Houston project forwarding training targets efficiency
- Rickmers Group to implement energy management system on five ships
|JUNE 22, 2012|
- Utility Trailer Manufacturing receives plant safety award
Utility Trailer Manufacturing Company, a California (USA)-based manufacturer of refrigerated trailers, has received the Truck Trailer Manufacturers Association (TTMA) annual safety...
- Indian Railways' earnings up 19.88%
Indian Railways reported that its approximate earnings between 1 April and 31 May amounted to EUR 284 billion (INR. 19878.89 crore), an increase of 19.88% compared to the same per...
- Isuzu Truck UK launches new service
Isuzu Truck UK has launched a brand-new service for the UK market with the introduction of 'I-Vision'. It is a newly created department within Isuzu Truck's UK business offer...
- EUR 77.6 million for work on the Albacete-Alicante high-speed railway line
The European Investment Bank (EIB) has granted a EUR 77.6 million loan to finance the proposed signalling and telecommunications works on the Albacete-Alicante high-speed line in S...
- ICAO's "Flightpath to a sustainable future"
The International Civil Aviation Organization (ICAO), supported by the Air Transport Action Group (ATAG), launched "Flightpath to a sustainable future". It is an ICAO spe...
- Boeing expands flight services business in China
The US aerospace company Boeing has expanded its flight services business in China, thereby greatly enhancing training capacity for airlines in the region. With the introduction of...
- Turkish to quit B&H
Turkish Airlines seems to be planning to end its partnership with Bosnia and Herzegovina's B&H Airlines. In December 2008, Turkish became a shareholder of the Sarajevo-headquar...
- Port of Iljichevsk developing transport infrastructure
Ukraine's state project development and research institute of Marine Transport Chernomorniiproekt has worked out a preliminary design and project proposals for the development of r...
- New managing director for Damen Shiprepair Götaverken
Monica Svenner has been appointed as the new managing director of the Swedish company Damen Shiprepair Götaverken. Svenner is replacing Jos Goris who has become the managing direct...
- Soflog-Telis names business development director
The Soflog-Telis group appointed Marc Lagrée as director of business development this month (June). He was previously in charge of DB Schenker's Western Europe region. He has also ...
- FedEx saw slight slowdown in Q4
The US integrator and CEP corporation FedEx was forced to accept a slight setback in the fourth quarter of its business year 2011/12, which ended on 31 May. The company's profit sh...
- FPS Group appoints Punto Logistico in Colombia
FPS Group - a growing global forwarding and logistics network - has appointed Punto Logistico S.A.S. as its network agent for Colombia. The company is the fifth new agent to join F...
- Kuehne + Nagel opens new shared warehouse facility in Hong Kong
The Swiss logistics service provider Kuehne + Nagel has opened its second contract logistics facility in Hong Kong to meet the growing demand for quality warehousing and distr...
|JUNE 22, 2012|
- Kirby lowers earnings guidance
- Arison sees start of "resurgence in consumer demand"...
- Ship demolition prices plummet says Braemar Seascope Research...
- FSG to build new design RoPax ferry for Caledonian Maritime...
- Chevron contracts a third Pacific Drilling deepwater...
- Somali piracy cost 35 hostage lives last year
- American P&I Club reports "steady progress"
|JUNE 22, 2012|
- Hearing scheduled for today to address Port of Portland labor woes
- New members selected for Puget Sound ecosystem board
- Transportation Secretary announces latest round of TIGER grant recipients
- Seattle Port Commissioner honored as top maritime industry public official
- US rail traffic totals deliver mixed result for May
|JUNE 22, 2012|
- Goldfield eyes autumn 2013 as Dover port sell-off date
Crucial meeting looms with opponents to Dover Harbour Board's privatisation plans
- Buyer wanted: port management experience optional
Dover seeks wealthy backer for long-term commitment
- Dover can handle return of former SeaFrance ferries
We have enough berth capacity... we know the trade is out there, says Goldfield
- Europe's container lines practise a risky restraint
What is the difference between a cartel and price discipline anyway?
- Lidinsky calls for renewed farm export push
Farmers and box lines must work together, says FMC chairman
- Thank heavens for our seafarers
Global trade keeps the wolf from the door and the four horsemen in their stableblock
- Kiamco finds funds to build Evergreen boxships
EXCLUSIVE: But has Taiwanese line turned to another owner to order 13,800 teu vessels?
- Fuel hedging undermines Carnival's second-quarter rebound
But Arison is optimistic about Costa Cruises' long-term fundamentals
- Piraeus bank accepts NewLead shares
Greek owner expects restructuring to reduce debt on balance sheet to just $58m
- Brussels tells Lithuania to abolish automatic port lease renewal
Move urges EU member to remove entry barrier to cargo handling
- Brazil iron-ore exports show signs of strength
Analysts hope return to normal trade will restore capesize rates
- Bobbing along the bottom
Capesize owners bide their time in a static market
- German government and shipowners agree subsidy payment deal
Move ends year-long row involving home-flagged fleet
- New cargo source drives small bulker growth
Distillers' dry grain exports could hit record volumes this year
- China's hunger for imports could reshape east-west trade patterns
But cheaper freight rates are expected to remain a feature of backhauls for years to come
- Shih Wei cancels bulker order at Japanese yard
Panamax vessel 'not what we needed', says Taipei-listed owner
- HMM to launch $285m bond offering
Capital raising comes amid challenging first half
- Shell bags deal in charterers' suezmax market
Owners see earnings fall towards operating costs
- Pipeline bypassing Strait of Hormuz starts pumping oil
UAE overland exports to Gulf of Oman will rise to 1m barrels per day by July 1
- Shipping is a contact sport
Mess with prices, mess with the efficiency of entire economies
- Browse LNG export project in jeopardy
Taiwan's CPC drops out of deal to buy up to 3m tonnes of liquefied natural gas per year
- SeaCube closes offering to fund container purchases
Kwok praises financiers' 'positive response'
- US ports face dredging challenge
Heavy investment needed as larger tonnage arrives via Panama Canal
- Stay watchful
Attacks fall but piracy crisis persists
- Sanctions suggested to quickly enforce ship recycling improvements
Persuading breaking yards on the Indian Subcontinent to invest would take too long to bring about significant change, says UK MoD
- Somali piracy claimed 35 lives last year
Violence increases as the number of successful attacks falls
- Shipowners must challenge the myth that all Chinese recycling is green
Breaking yards must be judged on whether they meet international regulation
- CSIC to issue $157m in bonds
China's top shipbuilder goes to market
- Somalia counter-piracy militia collapses as UAE pulls funding
EXCLUSIVE: Puntland Maritime Police Force disbanded as private security heads for the exit
- Two years of pain will lead to gain, predicts Ross
Legendary distressed-industry investor pledges to continue his affair with shipping
|JUNE 22, 2012|
- More losses for German hull insurers
HULL & machinery insurers in Germany racked up losses in four of the last five years, latest statistics from the German Insurance Association (GDV) show
- ITF intervenes over Comanav arrests
THE International Transport Workers' Federation has asked for urgent meetings with Moroccan ambassadors in Britain and Australia to press for the release of two Moroccan trade union leaders
- Cruise lines want transparency on crime
THE CRUISE industry has come out in support of increased transparency in reporting crimes on board
- Carnival reports yield surprise
CRUISE giant Carnival Corporation today reported a much smaller yield drop than previously predicted and increased its full-year earnings guidance
- ICS calls for new OECD yard aid talks
THE International Chamber of Shipping (ICS) has called on shipbuilding countries to restart negotiations aimed at getting a new global agreement to eliminate subsidies and other market distorting measures from shipbuilding
- UOB maintains 'buy' ratings for Keppel, SMM
UOB Kay Hian maintained its buy ratings for Singapore shipyards Keppel Corp
- Gasoil, gasoline buoy cross-AG rates
CROSS-Arabian Gulf movements of gasoil and gasoline are maintaining MR tanker rates at $200,000 levels
- VLCC spot rates double in quarter
A MARKED increase in tonne-mile demand by importers both in China and the US helped VLCC tankers to obtain 1Q12 spot freight rates double those of the previous quarter
- Russia to resend Syria weapons ship
RUSSIAN weapons ship Alaed will try to reach Syria again having initially turned back after losing its insurance cover, foreign minister Sergei Lavrov said
- US banks fund VLCCs
OAO Sovcomflot (SCF Group), Citi, Bank of America Merrill Lynch have signed a $140M, seven-year loan to finance the construction of two VLCC-tankers
- LOC wins the 2012 Fairplay Cup
LONDON Offshore Consultants (LOC) won the 2012 Fairplay Cup sailing regatta yesterday
- FMC urges export expansion
THE TOP US maritime regulator has called for an export expansion policy to build on President Obama's 2010 declaration to double exports by 2015
- Yang Ming considering ULCS order
TAIWANESE box carrier Yang Ming Marine Transport told Fairplay today that it is considering building five 14,000-15,000teu ships following a board meeting last week
- VLCC rates inch up on July programme
VLCC rates have shown an uptick after sinking to a 2012 low as charterers gradually embark on their July programme
- HPH to meet throughput expectations
SINGAPORE-listed HPH ports' container throughput is running in line with expectations so far in 2012, said DBS Vickers Securities
|JUNE 22, 2012|
- YRC Worldwide Plans Tariff Rate Hikes
YRC Freight plans to raise base rates 6.9 percent on average, matching rate increases announced by several competitors, YRC Worldwide...
- Stanley Named CEO at Intermarine
Alfred J.V. "Al" Stanley has joined project and heavy-lift carrier Intermarine as president and CEO, succeeding Andre Grikitis, who will...
- FedEx Freight Posts $162 Million Annual Profit
FedEx Freight reported a $162 million operating profit for fiscal 2012 on $5.3 billion in revenue, its first annual profit...
- Con-way Freight to Hike Tariff Pricing 6.9 Percent
Con-way Freight will raise its non-contract rates 6.9 percent on average July 9, becoming the third less-than-truckload carrier to...
- Freight Rail, Ports Get $104 Million in TIGER Grants
Port and freight rail projects received roughly one-fifth, or about $104 million, through the Department of Transportation's fourth round of...
- Bayonne ICTF Gets $11.4 Million Federal Grant
An intermodal transfer facility that will serve an expanded Global Terminal at Bayonne, N.J., will receive an $11.4 million federal...
- Shipowners Seek Renewed OECD Shipbuilding Talks
The International Chamber of Shipping wants governments in the Organization for Economic Cooperation and Development to resume negotiations on a...
- Congress Hears Calls for New Approach on Port Funding
Ports in the U.S. Southeast and the Gulf, the regions that will be most heavily impacted by the expansion of...
- Hapag-Lloyd, Hanjin Skip Portland Calls
Hanjin Shipping and Hapag-Lloyd will skip their weekly vessel calls at Portland, Ore., until there's a settlement to a union...
- Ship Capacity, Equipment Shortages, Rates Worry Ag Shippers
The biggest concerns of agricultural exporters as the 2012 peak-shipping season approaches are equipment availability, adequate vessel space and volatility...
- Hamburg Sud to Raise Rates on Trades from India
German ocean carrier Hamburg Sud will raise its rates on trades from the Indian subcontinent and the Middle East to...
- Air Cargo Group Calls for More Mutual Security Recognition
Security regimes would cause less disruption to supply chains if more countries adopted mutual recognition agreements on air cargo security,...
- Economic Flu Spreads to Asia
It's easy to think of Asia's financial health as almost decoupled from the West. Some of the region's largest economies,...
- In Vietnam, Cai Mep Open for Business With Space to Fill
On the other side of Southeast Asia's planning-for-the-future divide from Indonesia is Vietnam, which looks certain to have excess container...
- Commentary: Are Derivatives Gaining Traction?
If container shipping today is a commodity, as many argue it is, then freight rate derivatives make intuitive sense. Because...
- Commentary: A Ho-Hum Peak Season Coming Up
Get ready for another boring peak season. If industry analysts are correct, imports from Asia will increase modestly. That means...
- Four Railroads Face Class Action Price Fixing Lawsuit
A lawsuit brought on by eight shippers accusing the top four U.S. railroads of colluding to set fuel surcharges gained...
|JUNE 22, 2012|
- Maersk puts CRX service back into St Petersburg
Maersk Line intends to reschedule its CRX service between Mexico/Caribbean and northern Europe back into St Petersburg at the end of June. The new rotation will ...
- Rohlig-Grindrod concludes deal with Sturrock
Rohlig-Grindrod has announced that it has acquired the clearing and forwarding division of the Cape Town-based Sturrock Group. The deal became effective on June ...
- Hoyer nominates Krutzfeld as head of SCS division
Hamburg-headquartered Hoyer, which specialises in providing logistics services for the global chemical industries, has appointed Tom Krutzfeldt (34) as operations ...
- US export indices look set to swell
- Hapag-Lloyd suspends transatlantic loop
Hapag-Lloyd is to suspend its Atlantic Express Shuttle (AES) sling between North Europe and New York until further notice 'due to the current market situation' ...
- SeaCube raises USD225 million
SeaCube Container Leasing has concluded a USD225 million offering of fixed rate secure notes which it said would be used to fund its ongoing box expansion programme ...
- Bunker prices crash
Rotterdam-sourced IFO 380 is almost USD50 per tonne cheaper today than it was at the start of the week after losing another USD12 in this morning's trading to USD541 ...
- Chinese PMI still shrinking
For the eighth consecutive month, China's 'barometer' HSBC Flash Purchasing Managers Index [PMI] recorded a level below 50 for June, falling to 48.1, indicating ...
- Interest in Al Faw port muted
Iraq's huge Al Faw port project, which is being sponsored by the Ministry of Transport, but looking for private investment has apparently received interests from ...
- Maersk Line and CMA CGM to go separate ways on ECSA/Caribbean trade
Maersk Line and CMA CGM are to divorce on the tradelane connecting the east coast South America with the Caribbean basin. The service uses 5 x 2,700-2,850TEU ships ...
|JUNE 22, 2012|
- Sparebank confirms IPO
Norwegian bankers say Oldendorff is out of talks for a huge fleet of newbuilds.
- Finance Read also Oldendorff plots giant bulker IPO Owner resists own temptation with 5%
Heavylift operator enlists private equity kingpin as Andre Grikitis moves to the sidelines.
- Welcome to our new look
The shipping industry's top internet news site has just got even better.
- New Articles
Head of Marshall Islands flag pledges ongoing commitment to Greece after historic vote.
- Dry cargo
Samoan seafarer found dead on cruiseship MSC Opera en route from Sweden to UK.
US lender shows commitment to sector by snapping up part of French rival's portfolio.
Michael Bodouroglou-led bulker owner sees profits fall 85% on weaker charter rates.
|JUNE 22, 2012|
- Axida develops new home delivery software
- Carrier Logistics adds dock management
- Ag shippers worry about capacity, equipment
A panel of shippers at the annual Agriculture Transportation Coalition meeting in San Francisco Thursday described the issues facing their businesses in a session intended to broach subjects outside of rates.
- Congress advances AGOA, CAFTA-DR changes
- More U.S. shippers deploy renewable energy
SC Johnson will begin construction on two wind turbines, which will put renewable electric power into the manufacturing of its popular cleaning products, such as Windex, Glade, Pledge, and Scrubbing Bubbles.
- Big stuff moves through Maryland
- Yildirim increases stake in CMA CGM to 30%
- Bryson departs Commerce, Trottenberg to get DOT promotion
President Obama has accepted the resignation of Commerce Secretary John Bryson after 10 days on medical leave for a seizure suffered in the Los Angeles area, the White House said in a statement Thursday.
- Corps report: Lack of post-Panamax berths in South
The Corps of Engineers highlighted a "lack of post-Panamax capacity at U.S. Gulf and South Atlantic ports - the very regions geographically positioned to potentially be most impacted by the expected changes in the world fleet."
- Ports America invests in Taiwan terminal
The U.S. stevedoring company will acquire a 10 percent stake in Yang Ming's Kao Mong Container Terminal (KMCT) in Kaohsiung. The deal marks the firm's first foray outside North America.
- Hapag slows GCS loop
- DSV names Hansen director
- Supply Chain Council picks board
|JUNE 22, 2012|
- Americas prices close out week on negative trend
Oil climbed from an eight-month low as US equities rallied.
- Operators call for improved bunkering service in Bangladesh
'This non-availability of fuel is hampering the image of Chittagong port, and the foreign ships are likely to avoid Chittagong port if the situation continues.'
- Finnish marine fuel tank legislation under review
Reasons for repeal included legislation being technically outdated and infrequently applied.
- Markets soft in Middle East and Africa
Fujairah prices have fallen every day this week.
- Prices drop by double digits across the Europe
Price of IFO380 material drops by $40 pmt during course of the week.
- Asian fuel oil markets set to 'tighten'
Decline in arbitrage cargoes comes just weeks after record bunker sales in Singapore.
- Reports: Iran to boost fuel oil exports to China
'NIOC to move its top fuel oil trader to Beijing,' say sources.
- Middle East bunker hub sees surge in off-specs
Increased blending to meet the 3.50% sulphur limit may have led overall fuel quality in Fujairah to deteriorate.
- Work advances on 'fossil fuel free cargo ship'
'Rising fuel prices and the challenge of GHG emissions mean this project is set to change the shipping industry.'
- Bunker prices continue falling in key Asian ports
Supplies of bunker fuels fine at major Asian ports on Friday.
- Noble Bunkers makes first delivery in Gulf of Mexico
'Separate clean delivery system' allows bunker tanker to deliver MGO DMA (0.1%) either on its own or in conjunction with IFO.
- Ghana-based bunker supplier expands product portfolio
Includes marketing of vehicle lubricants, engine oil, LPG and bitumen.
- US firm to develop 'condominium' style terminal for bunkers
System will allow each user to own tankage, with facility jointly owned on a pro rata basis.
- Hamburg welcomes arrival of LNG fuelled vessel
KV Barentshav arrived at Hamburg port on June 19 in support of local event.
- Chinese marine fuel suppliers ordering larger bunker tankers
To cope with demands of bunkering larger vessels, says analyst.
- Speed optimisation 'makes inroads' into bulker supply
Slow steaming will take out 12-13% of dry bulk shipping capacity, says DNB Bank.