|SEPTEMBER 25, 2012|
- STX Dalian yard wins US$330 million order for four CIMC 9,200-TEUers
- Port of LA approves funding to complete US$7.5 million harbour dredging
- WTO cuts global trade forecast, sees 2.5pc growth in 2012 - 4.5pc in 2013
- NATO commander says big gains made against Somali pirates this summer
- OOCL hikes Med-Asia/Australia rates, UASC hits Iran with US$500/TEU boost
- FMC tells carriers: Congestion charges only apply after 30 days notice
- Portuguese rapid-fire dock strikes out to quell EU demands for competition
- NYK buys control of Russia's ROLF Group's logistics unit in joint venture
- Port of Halifax signs standard promotional MOU with Panama Canal Authority
- Breakbulk China 2013 exposition to be held March 12-15 at Intex Shanghai
- Road pricing strategy needed, say UK forwarders as toll hikes loom
- Senate votes to shield US airlines from EU carbon tax, Obama to mull bill
- AA cargo looks to emerging markets, cool chains as Chapter 11 terms loom
- Singapore's Tiger Airways makes Sri Lanka's Tiruchi Airport a cargo star
- Flydubai Cargo goes global with services from Dubai to Bucharest and Skopje
- Lufthansa Cargo opens its second annual Air Cargo Innovation Challenge
|SEPTEMBER 24, 2012|
- Asia-Europe freight rates contract further
- Half of BBC Chartering's new heavy lift fleet now in service
- Intermodal sea-rail corridor to Europe will benefit Chongqing: Expert
- JBS Academy inks MoU with Gujarat government for skill updation in ports & logistics
- Kenya to ban road movement of boxes weighing more than 28 t
- MPHRP launches pre-departure piracy awareness training programme for Indian seafarers
- NYK & ROLF Group to launch JV in Russia
- Piracy off West African coast sees spike this year
- Sailings reduced during Chinas Golden Week holiday
- Shipping confidence falls to four-year low
- SITC commences service connecting China, Vietnam, Thailand & Indonesia
- GTI seeks legal recourse
|SEPTEMBER 24, 2012|
- DXB's cargo facilities to undergo major expansion programme
Dubai International's cargo facilities are set to undergo a major modernisation and expansion programme that will see cargo capacities increased to 3.1 million t by 2018. Over the...
- American Trucking Association criticises new speed limit in Texas
The American Trucking Associations (ATA), the largest US trade association for the trucking industry, has urged the Texas Transportation Commission to reverse its decision to allow...
- New Renault Premium Mini-Midlift for Clugston's fuel delivery service
UK-based Clugston Distribution Services has taken delivery of five new Renault Premium 460.23 mini-midlift tractor units, with an additional three trucks on order through Renault T...
- Negative impacts on BLS Cargo and Lötschberg car train
The private Swiss freight railway BLS Cargo reported that the strong Swiss franc and several interruptions to services have resulted in a drop in freight traffic volumes and fewer ...
- Rail Freight Group awarded freight projects in UK
The UK's Rail Freight Group (RFG) has announced the winners of its annual RFG Awards for 2012. The winner of the Rail Freight Project of the Year is Lafarge Cement UK for its part...
- Schiphol Cargo appoints strategist
Schiphol Cargo at Amsterdam airport has appointed Hendriena Ritsema as director of strategic development. She succeeds Harry Tomesen, who has retired after 30 years with the airpor...
- 180 breeding cows from France to Mongolia
Châteauroux-Déols airport in France took on the image of a farmyard when 180 breeding cows arrived at the airport to catch a flight to Mongolia with a little help from Efis Air, pa...
- MyCargo Airlines arrives at Liege Airport
Following the signing of a memorandum of understanding that makes the Belgian airport of Liège the European airport of choice for MyCargo Airlines' European cargo charter operation...
- GAC India to handle Chennai operations for Sarjak Container Lines
GAC India has entered into an agency agreement with Mumbai-based Sarjak Container Lines to handle its operations requirements in Chennai. The development comes twelve months after...
- FedEx reports positive first quarter
In the first quarter or the current financial year 2012/2013, the US CEP service provider and integrator FedEx improved it sales on the corresponding prior year quarter by 3%, fro...
- Wim Bosman Group opens branch in Kiev
Wim Bosman Ukraine has officially launched its new operations in Kiev. The branch opening is part of the group's Eastern European strategy. Earlier this year, Wim Bosman opened bra...
- DHL develops logistics facility in Sydney
DHL Global Forwarding has started to build its new AUD 45.8 million (EUR 36.8 million) logistics facility in Sydney (Australia). The investment will combine DHL Global Forwarding's...
|SEPTEMBER 24, 2012|
- Navy hopes to turn seawater into jet fuel
- Tognum transforms former SKL Motor into MTU Reman
- Navy commissions third LCS in Galveston ceremony
- Seadrill orders seventh drillship, takes option for eighth
- CIMC orders 9,300 TEU box ships for charter to CMA CGM
|SEPTEMBER 24, 2012|
- Agencies open comment period on Cherry Point terminal EIS
- Port association chairman speaks before Senate committee
- UTi Worldwide names two to new executive positions
- Port of Seattle nets federal funds for Sea-Tac Airport master plan
- OOCL plans to expand Intra-Europe service menu
|SEPTEMBER 24, 2012|
- LPG carrier owners pin their hopes on future US-Asia trade
VLGC rates will increase as demand grows on benchmark route
- DP World signs construction contract for third terminal at Jebel Ali
Deadline set for 2014 launch date
|SEPTEMBER 24, 2012|
- Jammed breaking yards skip new buys
ALMOST no ships were sold for recycling last week, as many yards already had full capacity
- Maersk might sell 13 tankers
MAERSK Tankers told Fairplay it is discussing the sale of 13 of Broström's smallest product tankers
- PEMEX stabilises production
PEMEX has halted its production slide and is spurring more long-haul tanker business, according to Poten & Partners
- Caribbean box market consolidates
KING OCEAN has confirmed the acquisition of competitor Bernuth Lines, underscoring the drive for economies of scale in the Caribbean box sector
- Ship shares weathering 'a bifurcation'
INVESTORS in the US are remaining enthusiastic about shipping shares, even though outlooks vary markedly across maritime sectors, a shipping analyst said
- Grain exports assured from Russia
MOSCOW plans grain exports, the Russian Grain Union told Fairplay today, despite a Kremlin statement last week hinting a possible embargo
- Höegh LNG weighs bond
NORWAY'S Höegh LNG Holdings said it is weighing whether to issue a senior unsecured bond in the Oslo bond market
- Finnish dockers return
FINNISH dock workers returned to work this morning after closing down the country's ports all weekend
- Docker safety code urged after Oz death
THE DEATH of an Australian docker on a Chinese-registered bulker sparked renewed union calls today for a national safety code
- Modern bulkers quit S&P market
OWNERS of modern bulkers, especially Panamaxes, are withdrawing them from S&P because potential buyers are forcing prices down
- NITC tankers discharge crude in Malaysia
THREE of NITC's VLCCs have apparently discharged crude in floating storage units docked off Malaysia
- VLCC rates firm on laycans
VLCC owners are today hailing improved earnings amid higher activity for October laycans
- Brittany Ferries knot loosens
BRITTANY Ferries services in the Channel, which strikes halted last week, reportedly could soon restart following weekend talks
|SEPTEMBER 24, 2012|
- US Diesel Prices Fall for First Time in 12 Weeks
The average cost of diesel in the U.S. fell for the first time in 12 weeks, dropping 4.9 cents in...
- APL Executive Cleared in Dubai
An APL executive stuck in Dubai for months awaiting trial on gun-smuggling charges said he has been acquitted on all...
- Port Manatee Gets Federal Funding for New Locomotives
Florida's Port Manatee is getting a federal grant of about $2.5 million toward two new locomotives for the port. ...
- Vision, Balqon to Partner on Zero-Emissions Fuel Cell Terminal Tractor
Vision Industries and Balqon have entered into a joint development agreement to build a zero-emissions hydrogen fuel cell/electric hybrid terminal...
- Smith Electric Vehicles Cancels $76 Million IPO
Smith Electric Vehicles withdrew a $76 million initial public offering and said it will turn to private investors for cash needed...
- Chinese Container Maker Orders Four Ships
China International Marine Container, the world's largest container manufacturer, is venturing into the ship-owning business after finalizing a $330 million...
- SC Ports Authority's Newsome Discusses Plans for Inland Intermodal Port (Video)
James Newsome, president and CEO of the South Carolina Ports Authority, discusses an inland intermodal port the agency is developing...
- TNT Express Boss Steps Down Ahead of UPS Takeover
The chief executive of TNT Express, Marie-Christine Lombard, is stepping down by the end of the month to pursue a...
- Crocodile Escapes Container on Qantas Flight
Australian airline Qantas has admitted that a crocodile was found roaming the cargo hold of one its planes last week....
- Nehru Port Dockworkers Postpone Strike
Labor federations representing dockworkers at the APM Terminals facility in India's Port of Jawaharlal Nehru (Nhava Sheva) have postponed an...
- OOCL Launches Germany-Russia Service
OOCL has launched a new intra-Europe service linking Germany and Russia. The Hong Kong-based carrier said the Scan Baltic...
- Logwin Expands in India
Logwin has opened a new office in India to meet rising demand for textile forwarding export services and increasing imports...
- DP World Signs Contract for Third Jebel Ali Container Terminal
DP World signed a contract Sunday for the construction of a third container terminal at its flagship Jebel Ali box...
- Modest Peak Season Under Way
This fall has brought something absent in 2011: a peak season for containerized import shipments of holiday goods. But...
- Forwarders Spreading Their Wings - to Online Sales
Online retail isn't a sector readily associated with freight forwarders. With their retail infrastructures and network, postal services and integrated...
- Smith Electric Seeks Investors
Smith Electric Vehicles is looking for a $76 million jolt to keep its electric truck business alive and growing. The...
- Truckload Carriers Tackling Driver Turnover
Trucking hit a troubling milestone in the second quarter when the average annualized driver turnover rate at larger truckload carriers...
- Dredging Energizes Corpus Christi
Timing is everything. The Port of Corpus Christi, its development long pinned on oil and container imports connected to the...
- Gulf Ports Seeding Growth in Africa
Most U.S. Gulf ports focus largely on trade with Asia, Europe and South America, but a late bloomer is emerging...
- LA, Long Beach to Help Shape Chassis Policy
The ports of Long Beach and Los Angeles want to bring owners and users of chassis together to develop an...
- Ceres Develops Online Tool to Measure Footprint
Shippers and other freight transportation interests looking to assess their environmental impact have a new electronic tool to filter their...
- Measuring Sustainability Becomes the Norm
Just how widely accepted has the business case for supply chain sustainability become? So much that as the practice matures,...
- Study Touts State Infrastructure Banks
Most Americans got their first exposure to infrastructure banks earlier this month when President Bill Clinton praised Chicago's new multibillion-dollar...
- Freight Policy Council Off the Starting Block
It's finally happening. After years of fits and starts, the Department of Transportation is moving forward in creating a national...
- An Intermodal Peak Season? It's Complicated
The timing and health of shipping peak season is as murky on the rails as it is on the water....
|SEPTEMBER 24, 2012|
- Drillship for hire
Northern Offshore is seeking employment for its lone drillship following the abrupt adjournment of a contract with Vietgazprom, a joint venture between Petrovietnam and Gazprom (VGP).
- Collateral damage
A leading ratings agency applauded BW Group's performance in the first half Monday despite a deficit and declining asset values.
- King Ocean's coup
A leading US containership operator has purchased more than a dozen Caribbean shipping routes from one of its rivals.
- SAM bulker held
A handysize bulk carrier which only hit the water last year was the only vessel to be newly detained in the UK during August.
- What spurred capes?
Chartering activity on the China ore routes hit a six month high last week, Commodore Research says.
- Hoegh LNG nets NOK 750m
Hoegh LNG has successfully completed a fundraiser on the Oslo Stock Exchange.
- Pirate drama
A new Danish film is making waves by dramatising a Somali vessel hijacking with echoes of a real-life case.
- Profit sharing parade
Tsakos Energy Navigation is squeezing another three years out of a fixture tied to one of its suezmax tankers and a South American oil conglomerate.
- Nasco slices another
Nanjing Ocean Shipping (Nasco) has continued its clearout of 1980s built bulk carriers.
- Brittany services halted
French operator Brittany Ferries' ships remained stuck in ports on Monday due to strike action by crew.
- Seadrill has SHI set fair
Samsung Heavy Industries is on track to hit its full-year order target after securing a contract with Seadrill, Deutsche Bank says.
- Two more VLs sold
Two more 1990s-built VLCCs have been sold as the mini-S&P boom in the sector keeps on rolling.
- JES takes bulker slice
Chinese shipbuilder JES International appears to have taken a 30% slice in single shipowning company Great Dragon International.
- DP pushes ahead
DP World has reached a milestone on its way to expanding its Dubai container terminal which will allow it to receive the next generation of giant containerships.
- Ravi's divine forecast
Divine intervention from China and India could create the largest boom in shipping history come 2016, according to Ravi Mehrotra.
- Champion in leak case
Canada has launched legal proceedings against Champion Tankers of Bergen over an alleged case of oil dumping in July 2010.
- Canada probes murder
Canadian police are treating the death of a crewman on board a cargoship as murder.
- Courage sheds again
Courage Marine has continued the relentless pace of its fleet renewal with yet another sale.
- Moldova under pressure
US pressure group United Against Nuclear Iran (UANI) has called on Moldova to stop re-flagging Iranian vessels as other flags delist them.
- Pirates raid tanker
Armed robbers boarded a chemical tanker off Malaysia on Saturday, stealing cash, laptops and mobile phones before escaping.
- Fugro exits seismic arena
Fugro has exited the seismic sector after offloading assets in a deal tipping the scales at $1.5bn.
- Teekay aframax aground
A Teekay tanker has run aground off Estonia, but there has been no report of pollution.
- Hoegh LNG seeks funds
Hoegh LNG is the latest company to announce plans to tap the Norwegian bond market.
- Seadrill back at Samsung
Seadrill has returned to Samsung Heavy Industries to order up to two ultra-deepwater (UDW) drillships in a deal worth up to $1.2bn.
- APL man held in Dubai
An APL executive is being held in Dubai pending a trial over a gun cargo.
- Demo takes a breather
Ship scrapping looks to have taken a breather with a noticeable slowing of new candidates being put into the market.
- 13 missing in sinking
A trawler has sunk off Japan after a collision with a Tamai Steamship bulker, leaving 13 men missing.
- Dalian wins drillships
Dalian Shipbuilding Industry Co (DSIC) has clinched a deal for up to four drillships from Norway.
- Hellespont sells suezmax
Hellespont Group has reportedly sold one of its suezmax tankers that was on charter to troubled Japanese shipowner Sanko.
- Tsakos files $300m shelf
Tsakos Energy Navigation is looking to raise fresh funds according to a financial disclosure to US regulatory authorities.
- CIMC orders boxships
China International Marine Container (CIMC) is set to become a shipowner after agreeing to order four containerships.
- Bosses buy SIOFF stock
The top brass at Siem Offshore have put their hands in their pockets to buy up stock in the subsea vessel operator.
- New ship runs aground
Staff at Huelin Renouf Shipping have been left with red faces after their new general cargo vessel ran aground on its maiden voyage.
|SEPTEMBER 24, 2012|
- Agility picks new Asia-Pacific, Europe CEOs
Third party logistics services provider Agility has appointed Chris Price to CEO of its Asia Pacific operations, and Mike Bible to CEO of the European operation. Bible replaces Beat Simon who decided to depart the company.
- Commentary: RFID expands with new users, uses
- Far East to Boston: To have and to hold
Michael A. Leone, port director at the Massachusetts Port Authority, who will retire at the end of this week, said one of his goals when he took his current job in 1998 was to attract a service between the Far East and Boston for New England shippers.
- Long Beach channels funds to on-dock rail project
The Long Beach Board of Harbor Commissioners last week awarded a $36.8 million construction contract for its "Green Port Gateway," a railroad project designed to enhance the South California port's capacity for on-dock rail.
- Jones heads Virgin's cargo sales
- Landmark adds management
- New animal handling facility at JFK airport
- Logwin opens Ahmedabad office
- TNT Express CEO abruptly resigns
- LSPs must provide innovation when outsourcing distribution
- APL exec held in Dubai over alleged smuggled guns
APL veteran executive Steve Dolan is reportedly being held by Dubai authorities over an alleged shipment of smuggled weapons last fall, an allegation he denied to his hometown newspaper over the weekend.
- EPA seeks data verification for SmartWay
|SEPTEMBER 24, 2012|
- Japan: No plans for an ECA
"We can use existing measures," says Japanese official.
- Greek shipping company seeks court protection
Main creditors have supported the move.
- Bunker prices mainly soft in Fujairah
Prices fail to set clear pattern across region.
- Rotterdam market closes Monday on soft note
But a mixed picture prevailed across Mediterranean.
- Fuel leaked into harbour for 'five-and-a-half hours'
Canadian navy investigators say watch personnel 'were not where they were supposed to be'.
- Chinese fuel oil demand set to fall
Asian fuel oil markets 'to soften' on back of slow-down in Chinese demand.
- DP World signs for third terminal
Facility should be operational by 2014.
- WFS defends use of overseas subsidiaries
US taxpayer alliance raises concerns.
- Pirates in second strike off Singapore
Attack linked to incident last week.
- Weak demand but prices firm
Supplies of bunker fuel were fine across key Asian ports on Monday.
- Australia Bunkering adds trader to team
Kiyia Hon joins the firm from Chemoil Singapore.
- Lithium-polymer batteries to power tugs for gas project
Batteries are 'world's most power and energy dense' units, says Corvus Energy.
- Alaskan shipping firm 'already' meets ECA requirements
Firm using bunkers with sulphur 'cleaned up', says spokesperson.
- MOL remains 'committed' to environmental strategy
Despite tough operating environment marked by high bunker prices and overcapacity in the industry.
- Russian firm secures PSV and military bunkering contracts
To supply bunker fuels to projects under Russian shipyard Sevmash.
- Bank calls bottom on NOL shares
Company 'on-track' with its $500 million cost saving programme, says Maybank Kim Eng.