|JULY 25, 2012|
- China Merchants to bid for CMA CGM's Terminal Link port operations stake
- Taiwan trade boosted Xiamen's first half volume 12pc to 3.21 million TEU
- CIMC shares suspended as market braces for big losses from box maker
- Fujian ports' half year box throughput up 10.3pc to 4.87 million TEU
- Whitehall to undertake US$2.3 billion Felixstowe road upgrade as PPP
- Savannah fiscal 2012 container volume rises 1.9pc to 2.98 million TEU
- CMA CGM enhances ANZEX 2 loop to serve Tanjung Pelepas from August 27
- Containership exit has helped Malaysia's MISC to move towards recovery
- Sri Lanka refuses to put shipping lane further out to sea to save whales
- Chongqing's first half waterborne box cargo up 19pc to 310,000 TEU
- Summer drought low-water on St Lawrence prompts fresh carrier surcharges
- Taizhou customs' new office for cross-strait shipping in Damaiyu port area
- Changi's June and first half air freight volume remains flat, down 1pc
- China tells Brussels: Ease up if you want aviation carbon consensus
- Canada's Cargo North buys harsh weather Basler Turbo 67 for remote regions
|JULY 24, 2012|
- Asia-Europe spot rates fall further
- ICS presses for early IMO study into availability of low sulphur fuel
- US thwarts Indias bid for WTO adjudication on steel duty
- APM Terminals Pipavav to augment box & bulk handling capacity
- Civil war reduces throughput at Syrias main container terminal
- Essar Ports Q1 net profit surges 73 pc
- Major Ports Q1 volume dips more than 5 pc
- Port officers federation chief calls on Vasan, Sinha
- ACHAA launches Silver Jubilee Year celebrations
- CHA boys on strike against high-handed attitude of ADC at Mumbai Air Cargo Complex
- INR declines further, breaches 56 mark
|JULY 24, 2012|
- Inland Salvage refloats stranded drill barge
- Congressional move to preserve U.S.-flag mariner jobs
- GulfMark Offshore orders PSVs for U.S.-flag fleet
- AVEVA selected for engineering of Transpetro LPG tankers
- Graig takes delivery of handy size bulker newbuild
- Fjord Line orders Rolls-Royce LNG engines for newbuilds
|JULY 24, 2012|
- Port of Seattle takes delivery of three Super Post Panamax cranes
- Diana Shipping plans to buy pair of new Post-Panamax vessels
- Ferry KALAKALA moving to more suitable location
- Cold Train set to expand service from Pacific Northwest
- Global Ship Lease enters time charters with CMA CGM
|JULY 24, 2012|
- Primorsk terminal closure leaves hangover of aframax spot tonnage
Surplus of up to a dozen tankers continues to drag down the Baltic Sea-Europe freight rate
- Shooting reignites debate over rules on use of force
Armed guards are not adequately protected
- APM Terminals in move to reassure customers over Virginia bid
No price or service discrimination, port operator pledges
- Germany warned on uncertainty in Europe
Moody's warns Germany, the Netherlands and Luxembourg on their credit ratings
- Takeover option 'unlikely' for Grimaldi
Hellenic Seaways is not Italian owner's focus, says third-party ferry executive
- Responsible troublemaker
Sanko Steamship might need to work harder to convince others that it can be a good business partner again
- Global Ship Lease renews CMA CGM charters at steep discount
Eight-month charters on 4,113 teu pair to fetch $9,962 per day against expiring day-rate of $28,500
- Sanctions spell the end of Irano Hind
SCI's Hajara confirms discussions over asset split between Iran and India
- Guangzhou Shipyard warns profit is poised to drop by more than half
Shipyard will also take an unusual impairment loss for six newbuildings
- Singapore LNG terminal to open ahead of schedule
State-owned developer of nation's first liquefied natural gas terminal has completed 92% of project
- Cheaper oil pushes down freight rates
Recent rate declines are not necessarily a sign of market weakness, says analyst
- Grimaldi heads for Hellenic Seaways shootout
Italian shareholder upset with Yannis Vardinoyannis-led ferry firm's sale of vessels
- Keppel seals three conversion deals
Singapore offshore specialist will convert vessels for Southeast Asian oil majors for $8m
- Navios Maritime Acquisition fixes work for LR1 quartet
Angeliki Frangou-led tanker outfit has period employment for 25 out of 29-strong fleet
- German boxship ownership unchallenged
Slowdown in orders fails to dent German dominance
- Germany publishes tighter rules for KG funds
Government aims to restrict opportunities for KG houses to sell funds to private investors
- Ship sales eat into DHT profits
But tanker company says it is ahead of the game in debt repayment
- Cruiseships' safety passes random test
But Germany's ADAC warns that open bulkheads 'are a risk that should not be underestimated'
- U-Ming withdraws VLCC chartered to Sanko
Taiwanese owner redeploys its lone tanker in Heidmar's pool
- Diana pays $25m for post-panamax bulker resale
Latest acquisition from Tsuneishi Zhoushan continues cash-rich owner's steady approach to growth
- MSC Flaminia fire now under control
Final salvage inspection needed before port call can be made
- First Ship Lease Trust falls deeper into the red in second quarter
Singapore-listed shipping trust hit by higher costs and weaker product tanker results
- New Long Beach bridge contract agreed
Replacement for Gerald Desmond Bridge to be completed by 2016
- Sanko receivership puts standing president in charge
Management will need Tokyo court's nod to buy or sell assets, borrow or seek debt relief
|JULY 24, 2012|
- Fjord goes full LNG for fuel
NORWAY'S Fjord Line said today it has ordered two 31,000gt ro-paxes to be powered only by LNG, making them the first major passenger ships to be run on the fuel
- VLCCs bottom-feed
VLCC RATES in timecharter equivalent earnings have fallen below levels seen in July last year, according to RS Platou Economic Research
- DHT pares debt load
NYSE-listed tanker owner DHT has reported declining profits on increased spot exposure, but steady progress on debt repayments
- Wilhelmsen return to newbuildings arena seen
ORDERS for PCTCs are expected soon from Wilh Wilhelmsen, the listed vehicle carrier unit of Wilh Wilhelmsen Holding, a shipping analyst said
- Fumes kill three port workers in India
THREE port workers were killed and four were hospitalised in a fumes accident at Nagapattinam's port in southeast India
- Breaking sector stalls
THE MARKET for shipbreaking has sunk into a lull, as the month-long Ramadan period, falling steel prices and a still-weak rupee hit demand
- Minister quits after sinking
A ZANZIBAR government minister has resigned, as the number of confirmed dead following last week's ferry sinking rose to 78, with at least 66 others still missing
- Keppel wins $82M in conversion contracts
KEPPEL Shipyard said it will convert three tankers for the offshore market for S$103M ($82M)
- Technip charters with North Sea for newbuilding
FRENCH offshore energy contractor Technip has contracted with Norway's North Sea Shipping to take an offshore construction newbuilding on charter for 5-7 years, starting in 2014
- Japan's owners bolster compatriot yards
JAPANESE shipowners' orders at compatriot builders helped to bring up Japanese yards' orderbooks in June
- Indian tax seen as Malaysian palm oil boon
INDIA'S move to raise taxes on refined palm oil imports would boost demand for Malaysian crude palm oil exports, UOB Kay Hian predicted today
- VLGC activity slows
RATES to ship LPG on VLGCs have ebbed since reaching a 2012 high of $73.063 per tonne on 12 July
- Cargo vessel missing
A GENERAL cargo vessel has been missing since sending a distress signal this weekend off Zambales, the Philippine Coast Guard told Fairplay today
- FSLTM losses nearly triple
SINGAPORE-listed shipowner FSL Trust Management said losses during the first half of this year totalled $6.6M, against $2.4M in losses in the same quarter last year
- Tanker recovery hopes dashed
EVERCORE analyst Jon Chappell warned today that the tanker market will probably get worse before it gets better and that a recovery might not start until 2014
|JULY 24, 2012|
- Norfolk Southern Profit Falls 6 Percent on Coal Traffic Drop
Norfolk Southern profit in the second quarter fell 5.9 percent year-over-year to $524 million, as a 15 percent plunge in...
- Refrigerated Intermodal Service Expands East
Rail Logistics-Cold Train is expanding its refrigerated intermodal service, bringing its container fleet up to 300 53-foot units and adding...
- Truck Sales Boost Paccar Revenue to $4.5 Billion
A weak U.S. economy and uncertainty in Europe could dampen truck orders for the remainder of 2012, Paccar's Chairman and...
- Ryder Profit Rises 17 Percent, Revenue Hits $1.56 Billion
Higher retail and wholesale used truck prices helped Ryder System boost net profit nearly 17 percent year-over-year in the second...
- Ocean Carriers Recovering, Jefferies Says
Container lines are likely to move into the black in the second quarter of this year and expand their profits...
- Diesel Prices Rise at Sharpest Pace Since Late February
Diesel prices in the U.S. rose at the fastest pace since late February, jumping 8.8 cents in the week ending...
- Global Trade Traffic in the Peak Shipping Season [Interactive Graphic]
The peak shipping season is quickly approaching, and carriers and shippers are expecting, and hoping, that the second half of...
- UPS Downgrades Outlook After Non-US Volume Falls
The United Parcel Service downgraded its outlook for the second half of the year after non-U.S. volume declined 3.2 percent...
- Global Charters Two Ships to CMA CGM
Global Ship Lease signed new time-charters on Monday with CMA CGM for two secondhand container ships, the 1996-built Ville d'Aquarius...
- Fire on MSC Ship Under Control, Salvors Say
Salvors report that a fire on the container ship MSC Flaminia has been brought under control as a tug continues...
- Marseilles Container Volume Grows 14 Percent
The volume of containers handled by the Port of Marseilles Fos grew 14 percent in the first half year year-over-year,...
- Abu Dhabi's Khalifa Port Receives First Container Ship Call
Abu Dhabi's Khalifa Port has received its first container vessel call. The new Middle East gateway, located in the...
- Cargo Steady at Changi Airport
Cargo volume was steady at Singapore's Changi Airport in June, but the arrival of a new carrier could boost cargoes...
|JULY 24, 2012|
- Damco invite toys on RTW trip
The AP Moller - Maersk forwarding arm, Damco, has completed the trip of a lifetime for 50 iconic toys, visiting 10 cities and travelling through seven countries ...
- Russia joins WTO
After 18 years of negotiating Russia will become the 156th member of the World Trade Organization [WTO] when it takes a seat at the trade forum in August. The removal ...
- AfDB invests in ATI
The African Development Bank (AfDB) is investing USD15 million in Nairobi (Kenya)-based African Trade Insurance Agency (ATI), a provider of trade, credit and political ...
- CAI posts record results in Q2 12
The San Francisco-based container and railcar rental company CAI International has posted record results for its Q2 12 fiscal period which ended June 30, 2012. ...
- Freight rate fall partly due to BAF
SeaIntel's latest Sunday Spotlight confirms that part of the recent drop in freight rates is only caused by falling fuel surcharges, not just the growing imbalance ...
- MSC Flaminia: race against time to tow burning ship to refuge
While one tugboat continues to cool the area of the blaze onboard the explosion-ravaged MSC Flaminia, a second is towing the stricken ship towards ...
- Manta multipurpose terminal tender extended
Ecuador's Manta Port Authority (APM) has extended its tender for the development and operation of a new deepwater multipurpose terminal at the port. The decision ...
- Marseilles Fos turns corner at last
Marseilles-Fos increased its container traffic by 14% in the first half of 2012 compared to the same period last year, up to 520,132TEU, but as the first half of ...
|JULY 24, 2012|
- CMRE behind KG raid
- Graig seals pool plunge
- Fjord fancies LNG
- Surcharge surprise
- Ultrapetrol takes flight
- Sales pace slows
The great second-hand bulker sell-off has slowed in the last week, with one sales candidate withdrawn and another deal still in limbo, brokers said.
- Dividend threatens expansion
- Diana reels in resale
Greek owner Diana Shipping has splashed out $25m on a new bulker due from Tsuneishi in August.
- Samudera stronger
Singapore-listed container line Samudera Shipping has driven up second quarter profit as volumes increased.
- TransAtlantic makes cuts
Rederi AB TransAtlantic has launched the first of its tough costcutting measures aimed at stemming losses that have run for 14 straight quarters.
- Navios fixes four
Greece's Navios Maritime Acquisition Corporation has found a year's work for its four new LR1 tankers.
- Havila cuts deficit
Havila Shipping has more than cut its losses by half as revenue grew.
- Oceana targets quartet
A new Brazilian shipyard is aiming for a slice of oil company Petrobras' newbuilding business.
- GulfMark buys two
GulfMark Offshore plans to build a pair of platform supply vessels for the US Gulf of Mexico.
- HVS sells cancelled ship
Vietnam's Hyundai-Vinashin Shipyard (HVS) has sold a bulker cancelled by its original German owner.
- All for nothing?
China's Guangzhou Shipyard International (GSI) has revealed it could book a loss from six new ships as it tries to keep production ticking over.
- The end of Irano Hind
Irano Hind Shipping Company is on the verge of being wound down after 37 years, reports say.
- Sun lounger causes grounding
TradeWinds has reported on a wide range of casualties over the last 20 years, but the grounding of the French river cruiseship Douce France is surely unique.
- Brasbunker eyes IPO
Brazilian tanker and offshore shipping group Brasbunker is considering an IPO in 2014.
- Skagit owner arrested
Police in Tanzania have arrested the owner and master of the ferry that sank off Zanzibar last week, killing 145 people.
- DryShips bulker refloated
A DryShips bulker has been freed by tugs after grounding in Australia.
- Technip takes NSS ship
France's Technip has chartered a new Norwegian construction vessel for up to 12 years.
- DHT in the Money
New York-listed DHT Holdings reports that it raked in a net income of $2.7 million for the second quarter of its 2012 financial year, on revenues of $23.7m.
- Global Ship Lease fixes two
New York-listed Global Ship Lease has negotiated new charters with CMA CGM for two mid-sized containerships that were due to come off charter in September.
- Navios Partners pays out
Navios Maritime Partners of Greece has announced that it is paying out a cash distribution of $0.4425 per unit for the quarter ended March 31, 2012.
- Reliability report card
|JULY 24, 2012|
- Report: Trucking market poised on knife edge
- Bueneventura terminal expands capacity
- Dropping fuel prices linked to lower ocean rates
A large proportion of a fall in rates shown by recent indices comes from the fact that bunker prices have dropped in recent weeks, with most bunker adjustment factors calculated on a lag behind real-time prices.
- Company says it is promised decision on Title XI application
American Petroleum Tankers says, after two years, the government will decide by end August whether to grant a Title XI loan guarantee for five 49,000-dwt. tankers built between 2006 and 2010 in California.
- Disney to test FEC intermodal service from Port of Miami
- Logistics in space
- Chamber says low sulfur fuel availability study urgently needed
Failure to accelerate a study into the global availability of low sulfur fuel for ships has "billion dollar implications," says the International Chamber of Shipping.
- Obama gives ports attention they deserve
- UPS trims earnings forecast as international revenues fall
- "Cold Train" adding new destinations
- APM Terminals revised proposal for Virginia Ports
- U.S. Customs extends remote filing support
- Nova Cold Storage building new Halifax transload facility
- Trillium and AMP join to build CNG fuel stations in U.S.
Trillium CNG, a business unit of Integrys Energy Group, and AMP Americas will together put in place a full network of compressed natural gas (CNG) filling stations across the U.S., beginning with two highways in Texas.
- CEVA launches mobile tracking app
- Marad names deputy administrator
|JULY 24, 2012|
- Bunker prices show some stability in Fujairah
But African ports post big falls while Suez runs out of product.
- Rotterdam sees limited price increase
Heavy fuel oil makes gains in Rotterdam but other ports record significant price falls.
- High bunker prices take toll on tanker earnings
VLCCs struggle to break even as too many ships chase too few fixtures.
- Bunker prices largely down at key Asia ports
Bunkering operations resumed at Hong Kong port on Tuesday afternoon.
- Licensing agreement renewal for fuel efficient engines
Mitsubishi-UE engine series feature low fuel consumption and less cylinder lubrication oil requirements.
- Latin American bunker player mulls listing
Brasbunker expansion will set the scene for any future listing.
- Bunkering operations resume at Hong Kong port
Bunker loading operations resume after wind signal is lowered.
- Norwegian cruise ferries 'first' to be powered solely by LNG
Fjord Line going 'one step further' by running its two newbuild ferries on single LNG engines.
- INTERTANKO issues guidance on ECA compliance
Guide tackles issues facing shipowners face in the run up to tighter sulphur emission regulations.
- Lukoil extends Bulgarian operations
Neftyanyk-1 will supply 'light oil' material along the Danube River, says firm.
- Gas shipping industry forms LNG bunker advisory group
Group to advise on the design, operation and safety of LNG bunkering logistics.
- Staff promotion at Tokyo bunker firm
Pavel Rokhin promoted to senior bunker trader and team leader.