|JULY 27, 2012|
- Shenzhen first half container volume increases 1.3pc to 10.7 million TEU
- TransChina Shanghai-to-Chengdu railway now opens to Yichang from Wuhan
- Box lessor CAI International quarterly profit up 39pc to US$15 million
- Smouldering MSC Flaminia fire under control while under tow to UK coast
- MSC surcharges US imports to cover costly UN low-sulphur fuel mandate
- US President fast tracks project to deepen Port of Savannah's harbour
- Russian arms ship puts into St Petersburg, then falls beneath radar enroute
- Canadian National Railway quarterly profit up 19pc to US$648 million
- Canadian Pacific Railway quarterly profit down 20pc to US$101 million
- 45,000 bags of rice, labelled building materials, seized at Subic
- Nigeria needs ship funding to compete globally, says shipping council
- A380s to be grounded for eight weeks to fix cracks, retrofit brackets
- UPS second quarter profit increases 12.1pc to US$122 million
- Hong Kong to reduce ANA, Cathay and SIA in fuel surcharges in August
|JULY 26, 2012|
- Pilots & shipowners join forces on pilot ladder safety
- Research report affirms 'Daily Maersk' reliability
- APM Terminals Mumbai achieves 500 safe days!
- Kandla Port deploys floating crane
- Sri Lanka refuses to move shipping lane further out to sea to save whales
- Konkan Rly expects to earn 40 cr. from RoRo service this fiscal
- Rlys benefiting from ex-Minister's move to increase freight rates
- Deferring rate cuts could hit industry hard: Fieo
- Focus more on mfg SEZs in remote areas: Commerce Ministry
- INR recovers on strong Asian markets
- ITA makes pitch for hiking duty drawback on tobacco exports
- USITC to maintain anti-dumping duty on stainless steel from India, three other countries
|JULY 26, 2012|
- Inmarsat responds to Shurat HaDin statement
- SHI delivers world's largest wind farm installation ship
- European discounting hits RCL earnings
- GEA Westfalia launches chemical-free BWT
- Inland tank barges boost Kirby earnings
|JULY 26, 2012|
- Port of Seattle celebrates first All Nippon Airways flight
- Trucking association files brief slamming new hours-of-service rule
- Annual canoe landing event headed to Port of Olympia site
- Nippon Cargo Airlines receives first 747-8 Freighter
- Transport industry groups pen updated pilot ladder brochure
|JULY 26, 2012|
- Outlook dims for product tankers shipping cargoes to US east coast
Need for imported refined oil products has fallen along with tonne-mile demand
- One door closes, another opens
Fewer imports into the US east coast but roaring trade builds from US Gulf to South America
- US product consumption and imports at record lows
April import figures lowest since 1985
- LNG demand from importers is on the rise
Figures provide owners with positive outlook but source of fuel is key to future
- Offshore shipping to favour cheap labour, warns recruiter
Boom in offshore leads to rush for crew
- Gas shipping leaves coal rival in its wake
New deliveries could hasten end of capesize spot market
- BP leaves the Arctic for others
With or without BP, the Arctic will be drilled and needs shipping
- Supramaxes have lost 10 Indonesia ore cargoes a month since export ban
New regulation has seen nickel ore and bauxite trade disappear since May
- Aframax tonnage surplus may not be as bad as expected this year
Clarksons reduces difference between supply and demand from 7m dwt to 5m dwt
- NITC repositions suezmax for Mediterranean shipments
After an Iran-Turkey run, Blossom has now completed a Sidi Kerir-Turkey trip
- Only 50 armed guards firms have UK government licences
Security companies' association has 167 members of which 80 are UK-based, raising concern over PMSCs operating outside the law
- Costamare enlists bank support for KG bargain hunt
Surprise at 100% finance deal for feedership
- Opportunities arise for product tankers after UK refinery closure
The closure of the Coryton refinery is expected to boost the number of gasoil cargoes heading from the US
- Navios Partners splashes $41m on two more bulkers
Acquisitions are with renewal in mind says owner after 24% increase in net income
- BG Group buoyed by LNG shipping success
Division sees profits rise 13% in the second quarter compared to 2011
- CSA warns of West African piracy
Chinese industry group urges shipping lines to be more cautious after spike in attacks
- HPH Trust reports 6% fall in profits in first half
Throughput was up 5% on healthier trades with emerging markets
- Kirby profits beat street expectations
Jones Act barge and diesel engine company delivers good news one month after massive cut in guidance
- CMHI unit sees intra-Asia trade support Shenzhen box volumes
Emerging markets will provide opportunities for future growth, says Shekou Container Terminals
- Wilhelmshaven terminal opening delayed
Repair work to quay is completed but full port operation postponed by two months
- A boatload from Cuba
A resourceful Miami owner isn't waiting for the US to stop nursing its grudge
- One dead, four missing in MISC tanker fire at Labuan port
Firefighters still fighting blaze on Bunga Alpinia
- Shell's lower LNG sales raise concerns over reliability of export projects
Second quarter results from energy giant surprise analysts
- Auerbach Schifffahrt snaps up KG vessel at auction
Beluga Flirtation is third in fleet and will be renamed Maple Lea
- China sees strong yet slowing expansion in coastal bulker capacity
Port throughput also grows at slower pace
|JULY 26, 2012|
- Vale ups Chinese ore sales
BRAZILIAN iron ore miner Vale has reported sliding profits despite increasing long-haul shipments to China
- Asian steel production defies global flatline
STEEL production by major Asian producers continued to climb in June, even as world steel output flatlined on declining European and US production
- Star Bulk plots reverse split
STAR BULK is the latest public shipping company confirming plans for a reverse split to fend off a potential delisting
- Heat foils Flaminia checks
SALVORS are still waiting for conditions to improve aboard the smouldering box ship MSC Flaminia so they can inspect its containers, its ship manager said today
- Glowing Canada/China export prospects seen
A RISE in exports of uranium from Canada to China will result from the 19 July signing of a supplementary protocol to the existing Canada-China Nuclear Co-operation Agreement
- Three charged in deadly sinking
A CAPSIZED ferry's owner, master and operating manager have reportedly been charged in Zanzibar with manslaughter
- Schenker posts strong ocean freight gains
GERMAN forwarding group DB Schenker Logistics posted strong H1 volume growth in ocean freight today
- Navios reveals S&P moves
ANGELIKI Frangou-led Navios Partners today confirmed its first-ever secondhand bulker acquisitions and an increase in quarterly profits
- Irano Hind's fleet split
THE STRUGGLE to sign up charterers, given UN sanctions against Iran, was behind Irano Hind Shipping's shutdown, SCI's boss told Fairplay today
- Stena LNG slams on brakes
STENA LNG told Fairplay today it has decided to delay both a floatation of its shares and an order for two LNG carriers
- Panamax pace slows
PANAMAX bulkers have had a slow week, as the South American grain season fades away and Chinese steam coal demand remains weak
- VLCC owners resist
VLCC owners' resistance to loss-making rates has resulted in a small gain in rates
- SNCM to spend up to $1Bn on newbuildings
FRENCH Mediterranean ferry operator SNCM told Fairplay it plans to spend €800-850M (up to $1.04Bn) on eight ro-pax newbuildings over the next six years
- 87% fall in profits predicted for Precious
PRECIOUS Shipping's 2Q12 net profits are expected to plunge almost 87% year on year to 53.05M baht ($1.68M), PhillipCapital warned today
- TAS Offshore's profits rocket up by 190%
MALAYSIAN shipbuilder TAS Offshore said profits for its fiscal year rose 190% to 11.3M ringgit ($3.6M)
|JULY 26, 2012|
- US Intermodal Volume Rises 6.2 Percent
Intermodal shipments on major U.S. railroads in the week ending July 21 rose 6.2 percent year-over-year but were flat from...
- Asia-Europe Spot Rates Slip Again
Spot rates in the Asia-Europe trade weakened again this week - the third consecutive week of decline - despite carrier...
- Profit, Volume, Revenue Grow at Samudera Shipping
Intra-Asia container operator Samudera Shipping Line reported increased container volume, revenue and profit for the second quarter. The Singapore-listed...
- Singapore Airlines Back in the Black
Singapore Airlines returned to profit in the last quarter, but warned the cargo outlook remains poor. After booking a...
- MNX Names Lee to Asia Pacific Post
As part of its ambitious global expansion plan, MNX has appointed Florence Lee to its Asia Pacific leadership team. ...
- Stricken MSC Flaminia Nears UK Coast
Firefighters planned to reboard the MSC Flaminia to attack remaining fires as the stricken container ship moved within 170 nautical...
- Hyundai Motor Downgrades Sales Forecast
Hyundai Motor lowered its global forecast for automobile sales this year because of the worsening outlook for demand in Europe...
|JULY 26, 2012|
- Bunker prices also confused
Rotterdam-sourced IFO 380 inched up another USD2 per tonne in trading today to USD598, after small gains in the two preceding days in the wake of a USD25 crash ...
- US trucks in upward blip
The American Truck Association's [ATA] seasonally adjusted for-hire truck tonnage index advanced by 1% in June after falling back a revised 0.7% the month before, ...
- Evergreen christens first 'L-type' box ship
- UK prepares to host the 'recessionary games'
Ahead of the 2012 London Olympics, which are expected to give a spending boost kick-start to the UK economy, official figures show that the recession deepened in ...
- Union Pacific 'best ever' Q2 results
US rail company Union Pacific (UP) has reported 'best ever' Q2 results - and said that intermodal freight revenue was up 10% year-on-year on the back 846 containers ...
- Barcelona's box blues
The number of containers handled at the port of Barcelona in H1 12 fell by 20% to 849,973TEU as sharp falls in its import (-14%) and transhipment traffic (down ...
- MSC tops LLI 'inactive' list
- Messina orders four more conros
Genoa-based Ignazio Messina & Co is behind the order for 4 x 3,000TEU-class container/ro-ro ships placed at the South Korean shipyard, STX Offshore & ...
|JULY 26, 2012|
- Exmar sheds LPG carrier
- Frangou defends deals
- Angeliki leads 'evolution'
- Sanko sheds two more
Bankrupt Sanko Steamship has continued to cash in its fleet of offshore support vessels.
- Maersk Zealand
Denmark's Maersk Line is launching a new run from Asia to Auckland.
- Classic takes cape brace
George Economou's Classic Maritime has added two capesize bulkers to its roster.
- D'Amico back at Mipo
D'Amico International Shipping (DIS) is heading back to South Korea for two new handysize tankers.
- Royal turns red
Royal Caribbean Cruises slumped into the red in the second quarter as the fallout from the Costa Concordia tragedy continued to harm its performance.
- Finnlines cuts loss
Finnish ro-ro owner Finnlines has posted a narrow loss for the first half as revenues improved.
- Flaminia heads to UK
The badly damaged containership MSC Flaminia is heading for waters off the UK where the first detailed assessment of damage to the vessel will be undertaken.
- Stella stuck
A Ukrainian cargoship has suffered a small amount of water ingress in a grounding off Greece.
- Clarksons charts Scorpio
Clarksons Capital has backed Scorpio Tankers to keep on growing in the face of a looming second quarter loss.
- Crist in the clear
A Polish state loan to shipbuilder Crist was not illegal aid, the European Commission (EC) has ruled.
- FSL still in hunt
First Ship Lease Trust has pledged to climb back on the acquisition trail despite a second quarter loss.
- Odysea fined over dumping
Greece's Odysea Carriers has been fined $1.2m in the US after admitting illegally discharging oil from a bulker.
- Sasebo into the red
Japanese shipbuilder Sasebo Heavy Industries has fallen to a loss in the first quarter - and there is worse to come.
- MR de-motivator
Owners wading into the MR tanker segment could end up disappointed, a leading Greek broker says.
- PGS raises sights
Oslo-listed offshore owner lifts its 2012 profit forecast after better second quarter.
- Maersk in box blast
An investigation has begun into an explosion that blew the top off a box on board a Maersk containership.
- Five missing in fire
One man has died and four other crew are still unaccounted for after a huge fire tore through a MISC chemical tanker in Malaysia.
- Kirby ups profits
Kirby Corp, the US's largest inland tank barge operator saw its second quarter 2012 net income climb to $47.6m, or $0.85 per share, compared with $41.7m, or $0.77 per share, a year earlier.
- Stolt Valor to be scrapped
Stolt-Nielsen has decided to scrap a chemical tanker damaged by an explosion in March.
- ISC profits tumble
Bad bulk markets and less military work saw US owner International Shipholding Corporation's profits take a dip in its second financial quarter.
- BGC secures funding
Brunei Gas Carriers has lined up $170 million in Islamic financing to fund an LNG carrier it has on order at Hyundai Heavy Industries.
- Costamare scans KG scene
|JULY 26, 2012|
- Hapag-Lloyd adds vessel to Med-Pac service
- Pacer reports lower profit
- Evergreen warns of fraudulent agent in China
Container line comes across a counterfeit email from entity advertising itself as agency representative in China, emphasizing to its customers that its China representative is Master International Shipping Agency
- Francisco Partners finalize acquisition of Kewill
- Canadian Railroads with mixed results in Q2
Canadian National capitalizes on labor disruption at its competitor Canadian Pacific during May to post 17 percent profit increase in second quarter, with seven commodities recording double digit growth
- UPS names former Fed governor to board
- SP Express adds textile-focused services
- FMC to release report on Canadian/Mexican cargo "diversion"
- CargoWise buys software vendor Translogix
|JULY 26, 2012|
- Market firm in Fujairah
Fujairah's bunker market regains some upward momentum while South African ports see some big falls.
- Wartsila ahead in expanding LNG market
'We are extremely confident about the positive developments of LNG bunkering infrastructure around the globe,' Bunkerworld is told.
- Market firm in North West Europe
A tale of two markets as prices climb in northern Europe but fall across the southern ports.
- Rolls-Royce receives patent for 'mixed propulsion system'
Mixed propulsion system will be able to use LNG and 'bunkered diesel fuel', among other products.
- Fuel stocks creep up to two-week high
Fuel oil volumes build while distillates fall back on refinery maintenance.
- Greek owner fined for pollution
US court hands out $1.3 million fine for covering up oily waste discharges.
- Call for new port to 'by-pass' Hormuz
Habshan-Fujairah pipeline shows that there is an alternative to the Strait of Hormuz.
- Key Asian ports see rise in IFO prices
Supplies of bunker fuels were largely fine at major Asian ports on Thursday.
- Evergreen receives first fuel-efficient L-type containership
The Ever Lambent, part of a series of 20 vessels, is designed to reduce fuel consumption and carbon emissions.
- Chinese shipyard to build 'Clean Ship' PSVs
The PSVs will feature a 'world leading standard' for vessel operations, says Sinopacific.
- Profit booster for US barge operator
Strong inland tank barge utilisation for Kirby's maritime segment bolsters second quarter earnings.
- Refinery closure squeezes Japanese supplies
Temporary closure of JX Nippon's Mizushima refinery will impact bunker supplies.
- Caltex plans closure of Australian refinery
Set to curb refining losses by converting Kurnell Refinery in Sydney into a major transport fuel import terminal.