|APRIL 26, 2012|
- Cosco to add transpacific loop via Wan Hai and 'K' Line slots purchase
- Cosco's Piraeus first quarter volume increases 146pc to 504,000 TEU
- Evergreen increases Libya shuttle to weekly, with second 1,000-TEUer
- Shandong's Yantai port first quarter cargo volume increases 8.6 per cent
- Threat piracy for seafarers troubling, declares Asian Shipowners Forum
- Jeddah's Red Sea Gateway Terminal opens as volumes show steady growth
- Industry needs to innovate to meet challenges ahead - Singapore minister
- Malaysian forwarders sign with Aktiv Aspac and Multi-Purpose Insurans
- CMA CGM, Emirates to provide two weekly Mideast to east Africa loops
- Indonesia to invest US$2.47 billion to boost port's to 18 million TEU
- Insurer to publish warnings against slipping, tripping and falling at sea
- China's air cargo volume slides 6.1pc in March on weak global demand
- Forward Air profits increase 30pc in first quarter to US$10.3 million
- Indianapolis airport seeks cargo tenant for US Postal Service facility
|APRIL 26, 2012|
- Bill to prosecute pirates introduced in LS
- Angré Port inaugurated
- G. K. Vasan visits Antwerp Port
- MbPT to beef up security system
- Work on Panama Canal expansion seen behind schedule
- Agriculture Minister pushes for additional exports
- Cotton yarn exports surge 15 pc in FY12
- Govt may permit more sugar exports due to higher output
- Govt move puts off FIIs from investing in long-term debt
- RBI has done nothing to boost exports: Fieo
- Textile industry seeks FTA with Pakistan
|APRIL 25, 2012|
- Kögel creates more than 100 jobs
The trailer manufacturer Kögel, headquartered in Burtenbach (Germany) has created more than 100 jobs since 2009. The company now has around 600 employees at the Burtenbach location...
- SBB Cargo invests in intermodal transport sector in Ticino
Switzerland's railfreight service provider SBB Cargo has phased in a new terminal in Cadenazzo, canton Ticino. The facility has four sets of tracks, each 220 m long, and mobile han...
- Pema continues to set records
Pema, a commercial vehicle lessor based in Germany, is still chalking up success after setting new records in 2010 and 2011. The latest success was the firm's significant increase ...
- Eurotunnel Shuttles: healthy 21% increase in Q1 revenue
The Eurotunnel Group reported that its Q1/201 revenue reached EUR 222.5 million, an increase of 21% compared to the same period in 2011. Shuttle traffic increased significantly in...
- Hapag-Lloyd launches Adriatic Express (ADX)
The German shipping company Hapag-Lloyd (HL) is starting a new service called the Adriatic Express Service (ADX) at the beginning of May. The sailing will rotate between Rijek...
- Evergreen Line is to upgrade its Libya Service
The Taiwanese shipping company Evergreen Line is to upgrade its LYS - Libya service frequency from fortnightly to weekly, starting from the end of April 2012. The 1,000 teu "B...
- BLS nominates candidate for board of directors
The Swiss transport service provider BLS AG has nominated Lorenz Bösch as a new member of its board of directors. The election of the candidate will take place at the annual genera...
- BAA announces sale of Edinburgh Airport
On 23 April BAA announced that it has agreed to sell its 100% interest in Edinburgh Airport Ltd (UK) to Gatwick owner, the New York-based Global Infrastructure Partners, for G...
- Forward Air profit soars
The RFS provider Forward Air Corporation, based in Greeneville TN (USA), announced that its board of directors declared a quarterly cash dividend of USD 0.07 per share of common st...
- Airfreight industry regains confidence
Airline industry confidence has improved slightly in Iata's April survey of CFOs and heads of cargo. Respondents reported weakness in Q1/2012 ...
- Logwin opens new locations in Graz and Lauterach
The international logistics service provider Logwin, based in Grevenmacher (Luxembourg), recently expanded its network of sites in Austria by opening a new 600 sqm distribution cen...
- Kerry Logistics lands logistics contract with Woolworths in South Australia
Kerry Logistics, a leading global logistics service provider, has secured a major contract with Woolworths Ltd in South Australia to provide landside logistics for general merchand...
- Foodcareplus and Nova Fresh Logistics announce cooperation
Foodcareplus and Nova Fresh Logistics have announced an all-in-one logistics service for the seafood industry at the ongoing European Seafood Exposition in Brussels (Belgium). Comb...
|APRIL 25, 2012|
- John Nobles named Managing Director, Donjon UK
- WSF and Vigor ink agreement for second 144-car ferry
- AIDA's Thamm to succeed Foschi as Costa Crociere CEO
- Fairmount Marine tug frees, then tows, grounded bulker
- NASSCO delivers T-AKE Medgar Evers
- Seacor reports first quarter results
- YoungShip President Birgit Liodden receives the WISTA Norway...
- NTSB: Faulty valve critical in S.I. ferry accident
- Former BP engineer faces first criminal charges in Deepwater...
- European Commissioner sets out passenger ship safety...
|APRIL 25, 2012|
- Port of Tacoma making changes to development plan/brand identity
- Washington ferries gets go-ahead for construction of second new vessel
- Mitsui plans to open subsidiary company in Peru
- ConGlobal Industries moving to Port of Portland Rivergate site
- Port of Seattle nets green honor for car rental facility at Sea-Tac Airport
|APRIL 25, 2012|
- The KG model must adapt or die
German ship finance requires new sources of cash, says KPMG
- New corporate structures could be answer to financing problem
Extract from KPMG ship finance survey
- How long can NITC store surplus crude at sea?
Laden vessels at anchor highlight Iran's struggle to sell its oil
- Lloyd's List: Better Shipping
An exclusive website to help shipowners and managers optimise vessel performance
- Brussels extends operational remit for Emsa
European Maritime Safety Agency is tasked with establishing an 'EU maritime space without barriers'
- Defending the Jones Act
In tough times, hard-won rights are worth defending
- Throughput falls at Antwerp
Slight rise in box moves countered by falling oil imports
- Multi-vessel funds could solve KG problem, says KPMG
Classic single-ship structure is in crisis. EXCLUSIVE video interview.
- IMO urges heads of states to tackle piracy
Sekimizu says ministerial discussions lack political will
- Oman Shipping VLOCs strengthened after valemax scare
Owner said to be comfortable about safety of quartet due for delivery from Rongsheng
- More than 60 KG funds or vessels are now insolvent
Specialists' survey paints gloomy picture
- China's 10-ship booking spree buoys Middle East VLCC spot market
Rates on benchmark route to Asia climb back after three-week fall
- Angola to start LNG exports in June
West Africa is an emerging supplier of gas
- Shell offers $1.8bn to buy Cove Energy
Deal raises Shell's stake in plentiful East African gas and future LNG exports
- India to ship Iranian oil with reduced cover
Shipments could continue at 5% of current liability cover
- BIMCO and IMO voice concern over emissions control areas
Fragmented patchwork of regional and unilateral regimes not in shipping's best interest, says Sekimizu
- Demand grows for panamax boxships
Increase in charter fixtures tightens supply and boosts owners' hopes
- Frequent loader points
Could loyalty cards succeed where box lines' general rates increases have failed?
- Study points to slowdown in Asian labour productivity
Region must boost workers' efficiency, warns HSBC
- Offshore yuan deal sweetens ship orders
Bank of China's Hong Kong unit is offering yuan lending for shipbuilding, in another step in the internationalisation of the currency
- New NYSE delisting watch for DHT
Rights issue subscription period ends on Friday
- US-China dialogue clears air on NVOCC rules
Lidinsky comments come as Federal Maritime Commission embarks on overhaul of US regulations
- CSCL losses swell in first quarter
Higher costs and lower revenues hobble China box line
- ECA report slams EU port infrastructure funding
Projects unfinished, unused or needed further investment
- Arctic summers will be ice-free by 2050
But rate of winter warming will be lower
- Vopak first quarter profits up 26%
Capacity grows by 3m cu m to 28.3m cu m at 84 terminals worldwide
- Cosco Pacific profits fall 29% in first quarter
Poor results in container manufacturing offset by strong terminal performance
- Universal Shipbuilding profits fall by a quarter
Strong yen bites into earnings despite 2% increase in revenues
- MOL opens Peru subsidiary
Move follows enhancement of service between Asia and South America
- US-Philippines exercises rekindle South China Sea tensions
Oil and gas exploration resumes at Reed Bank on Friday
|APRIL 25, 2012|
- Cutty Sark makes deadline
CUTTY Sark, arguably the most famous name of all commercial ships worldwide, was today reopened to the public in Greenwich by Britain's Queen Elizabeth II
- Bremer Landesbank doubles risk provisions
RISING default risks among shipowners forced German state bank Bremer Landesbank to double its loan loss provisions last year
- HCI revives KG placing
GERMAN KG house HCI Capital returned to the equity placing market for ships this week, wooing private investors with a post-Panamax box ship
- Georgia pledges Savannah more dredging cash
SAVANNAH'S port received an additional $46.7M from the state of Georgia to dredge its harbour to 14.3m (47ft)
- Petronet profits rise 19%
PETRONET, India's largest importer of LNG, has reported a 19% rise in net profits for its January-March quarter
- Cautious outlook for yard
OFFSHORE inexperience can be expected to hinder shipbuilder Cosco Corp (Singapore) for the time being, OCBC Investment Research has warned
- FLNG mitigates risks
FLOATING LNG systems could encourage investments in new projects because of their flexible designs, a Singapore conference heard today
- BIMCO urges more piracy patrol warships
BIMCO president Yudishthir Khatau appealed today for more warships to be added to anti-piracy patrols
- Mission's Tom Heffer dies
THE REV Tom Heffer, secretary-general of The Mission to Seafarers, has died at a North London hospital
- Japan stays the course on FPSO lending
OWNERS of FPSOs face limited access to ship financing, but the Japan Bank of International Co-operation is still making huge loans for Japanese-tied projects
- Reliance profits plummet
RELIANCE Industries, India's largest exporter, today said net profits fell 21.2% year-on-year during its January-March quarter, to $847M
- Tight money sharpens focus
DELEGATES at the Offshore Marine Asia conference heard today that tight money has forced shipowners to sharpen their focus
- VLCC values seen testing recovery
VALUES of modern VLCCs might turn higher in reaction to the cyclical recovery of freight markets expected next year, a shipbroker has predicted
- IMAREX sells NOS
IMAREX, the Oslo derivatives exchange, has agreed to sell its NOS clearing business to NASDAQ OMX Stockholm, part of the US NASDAQ
- Indian tankers defy insurance squeeze
INDIAN shipping groups reportedly plan to continue transporting Iranian crude despite limits to insurance coverage related to Western sanctions
|APRIL 25, 2012|
- Pacer, CRST Forge Drayage Pacts
Pacer International and CRST International this week reached agreements that will give the former more drayage capacity, as the duo...
- No New Bans for US Beef
Major beef markets around the globe remain open to U.S. imports a day after the U.S. Department of Agriculture confirmed...
- Rebuilding in US, Vitran Reports $5.8 Million Loss
Vitran's losses deepened in the first quarter to $5.8 million as the Canadian-based company struggled to improve its U.S. less-than-truckload...
- Railroad Union Holdout Strikes Accord
The threat of a national railroad labor action further receded, after a union representing maintenance of way employees joined the...
- C.H. Robinson Profit Rises 10 Percent to $107 Million
C.H. Robinson Worldwide moved more freight in the first quarter, but higher trucking costs bit into the non-asset logistics company's...
- Harley-Davidson Shipments Rev Up 19.4 Percent
Shipments of Harley-Davidson motorcycles in the first quarter jumped 19.4 percent year-over-year, reflecting a revving up of consumer confidence in...
- TransForce Acquires US Oilfield Trucker
Canadian trucking giant TransForce acquired certain assets of Peak USA Energy Services, an oilfield trucking business in Texas, for approximately...
- Antwerp Container Traffic Rises 0.7 Percent to First Quarter Record
The port of Antwerp's container traffic grew a modest, but significant, 0.7 percent in the first three months of 2012,...
- N.Y.-N.J. Port Authority Posts New Activity Index
The Port Authority of New York and New Jersey has begun posting an index of monthly freight and passenger activity...
- BAA Earnings Soar 15.1 Percent
BAA, one of the U.K.'s largest airports operator, reported first quarter operating profit grew 15.1 percent from a year ago...
- March Steel Imports Increased 6.5 Percent
Steel imports increased 6.5 percent in March over February based on preliminary U.S. government reporting. The largest product increase...
- Canadian Trucking Cost Index Up 10 Percent
Trucking costs in Canada are steadily rising in early 2012 and are 10 percent higher than in March 2011, according...
- Maersk Names Zimmerman VP, North American Sales
Maersk Line named David Zimmermann as vice president of North American Sales, effective immediately. Zimmerman, who has been with...
- Somali Pirates Release Tanker With Indian Crew
Seven Indian sailors, held captive by Somali pirates for nearly four months, were freed Monday following intense diplomatic negotiations. ...
- USDA: Beef Supply Is Safe Despite Mad Cow Finding
The U.S. Department of Agriculture says the nation's beef supply is not affected by the discovery of a mad cow...
- Georgia Funds Another $46.7 Million for Savannah Deepening
The state of Georgia will chip in another $46.7 million to help pay for deepening the Savannah River to 47...
- Maersk to Raise Asia-Latin America Rates
Maersk Line will impose a peak-season surcharge on trades from Far East Asia to Latin America, starting May 20. ...
- Trans-Pacific Spot Rates Hold Most Gains
Trans-Pacific spot rates eased slightly this week after their 19.9 percent spike last week, which followed carriers' mid-month general rate...
- FMC Chairman Seeks NVO Reform
Federal Maritime Commission Chairman Richard Lidinsky Jr. said he hopes the FMC can move quickly on a "top-to-bottom" modernization of...
|APRIL 25, 2012|
- MOL makes moves on WCSA
Japan's Mitsui OSK Lines (MOL) has reiterated its growth intentions when it comes to the west coast of South America (WCSA) region by setting up a subsidiary in ...
- COSCO Pacific's Q1 profit slides but liftings hold up
Terminal operating company COSCO Pacific has seen its net profit dive for Q1 12 compared to the same period last year - down 27% to USD80 million. But ...
- Duqm spearheads trading opportunities in central Oman
It is hoped that the development of a modern port and logistics zone at Duqm in central Oman will boost the local economy and lead to significant growth in trade ...
- FMC investigates US NVOCC regulation changes
The Federal Maritime Commission (FMC)'s chairman Richard Lidinsky has revealed that the US Government agency will be looking at modernising NVOCC regulation this ...
- UNCTAD to assist intra-Africa trade
The United Nations Conference on Trade and Development (UNCTAD) is to assist members of the African Union (AU) to implement their recently announced 'Action Plan ...
- Evergreen to encompass West Africa into its network
Taipei-based Evergreen Line is to offer importers/exporters trading with West Africa access to its global liner network. The move follows the carrier's arrangement ...
- Rena: 50% of boxes recovered
- UK enters double-dip recession
The UK's economy has fallen back into recession after data released by the Office for National Statistics this morning recorded a provisional 0.2% contraction in ...
- Ocean carriers' dash for cash continues
Ocean carriers' average all-in freight rate obtained from all cargo shipped out of China on Friday climbed by 1.3% compared to the week before, up to USD1,215/TEU, ...
|APRIL 25, 2012|
- Teekay talks valuation hits
Canadian giant is latest shipowner to admit vessels aren't worth their carrying values.
- DHT must play NYSE
New York Stock Exchange reminds tanker company of the value of a dollar.
- Vale ups piracy fight
Miner says it will fit citadels to the giant bulkers it still has on the production line.
- Limarko earnings fall
Tough start to the year for Lithuanian reefer owner as revenue dwindles.
- Fuel bill bites Samudera
Hefty rise in bunkers wipes out higher revenue and pushes shipowner into the red.
- SCF to double LNG income
Russian tanker owner eyeing share of country's likely $500bn investments in oil and gas as it develops non-core business.
- Turkey goes seismic
Government paying EUR 100m for new survey vessel at domestic Tuzla Shipyard.
- Cruiser in the clear
Cargo checks in Turkey find no weapons on board Bockstiegel vessel caught up in Syrian sanctions row.
- Cosco Pacific takes a dip
Hong Kong-listed port operator sees its first quarter profit decline by almost 30%.
- Action urged over ship fall
Danish report warns of dangers of open gratings after routine repair ended in broken ribs for Oraness crewman.
- CSCL burns more cash
Hong Kong-listed containership owner sees first quarter bottom line drop more than 800% further into the red.
- Vopak still growing profit
Dutch tank terminals player pushes up first quarter occupancy rate as earnings improve.
- No storage spur for spot rate
Use of half of NITC's tankers on storage contracts may boost stocks but not earnings, RS Platou Markets says.
- Nordlake set to leave India
Supreme court rejects government plea to keep German boxship in country following 2011 clash that sank warship.
- Imarex exits shipping
Sale of NOS Clearing to Nasdaq OMX leaves pioneering company with just its salmon futures business.
- Seacor profit shoots up
New York-listed owner sees addition of wind farm vessels spur its first quarter bottom line.
|APRIL 25, 2012|
- 'Key moment' for regulating NVOs, forwarders
- CargoSmart develops business process outsourcing
- Dubai's Calogi expands air cargo, insurance
- Waterworth to lead Port of Houston
- Zimmermann to head Maersk's NA sales
- COSCO Pacific sees sizable 1Q profit growth
- Pacer, CRST in drayage deal
- C.H. Robinson's 1Q profit up 10%
- U.S. intermodal continues growth charge
- KCS reports record 1Q revenues
|APRIL 25, 2012|
- Prices firming in Northern Europe
Tight avails for prompt product in Rotterdam.
- Prices lack direction in Fujairah bunker market
Suez players report another quiet day.
- Bunker prices 'outpacing' freight rates
Fuel costs have undermined signs of a recovery for Samudera.
- Shipping market 'at or near the bottom'
Survivors in the long term likely to be those who can afford investing in fuel-efficient vessels, says DNB Bank Asia chief.
- Supplier reports threefold increase in bunker sales
Novorossiysk Commercial Sea Port Group outlines plans for growth.
- Asian bunker prices mixed
Loading schedule remains tight at some terminals in Singapore.
- European shortsea sector continues ECA delay campaign
Head of ferry company considers delay of 0.10% sulphur limit as 'quite realistic' if littoral states 'team up at the IMO'.
- University project claims sails could cut fuel use by up to 30%
If results from computer simulations of design bear out in the real world, sails could have a return on investment period of five to ten years.
- Banks 'favourably disposed' to fund fuel-efficient newbuilds
Fuel economy a criteria when looking at funding new ships, shipping executives say.
- NYK Line launches bunker optimisation project
Regular use of real-time information, to optimise vessel operations on board its ships will commence from May.
- WSS strengthens marine chemicals offer
Launches revised portfolio with increased products range for water treatment, fuel oil treatment and cleaning chemicals.