|MAY 28, 2012|
- International Freight Forwarders Conference 2012 to be held in Hong Kong
- Kuehne + Nagel's online shipment system to offer simplified Chinese
- SinOceanic Shipping takes delivery of 13,000-TEU MSC Regulus
- World Bank says Singapore bests Germany in top rank of logistics index
- Vinalines wastes money on three struggling ports in Cai Mep - Thi Vai area
- Europorte Channel completes first trial of unaccompanied semi-trailers
- Dragonair to expand network with new service to Kolkata, India
- Cargolux expands flights to China and Brazil amid financial woes
- AirBridgeCargo launches Moscow-Chongqing-Zhengzhou flights
|MAY 28, 2012|
- Baltic index falls amid poor demand
- EVERGREEN LINE launching South India-Persian Gulf Express service
- Masamichi Morooka elected new ICS Chairman
- Mercator's FY 12 total income up 31 pc
- NYK develops tsunami-response guidelines for ships in port
- Panama Canal toll increases unacceptable, say shipowners
- Safmarine takes delivery of new WAFMAX vessel
- Anti-dumping duty on white cement from UAE, Iran extended by a year
- India espouses opening up free trade routes in Asia-Pacific
- India tops UAE's trade list in 2011
- India, Switzerland FTA likely to be inked by year-end
- Low-cost arecanut imports going on: Govt
- Le Havre port berths its 10,000-TEU namesake
- Panel censures Shipping Ministry for slow execution of projects
- Exporters to get limited benefit from INR fall
- Forex reserves slip to $ 290 bn: RBI
- Govt estimates FY12 GDP at 6.9 pc
- Growth to be around 7 pc despite current crisis: Rangarajan
- INR ends 1.7 pc weaker at 55.38
- No link between INR slide & domestic policies: Basu
- OECD projects India's economic growth to gather pace in 2013
- Panel to thrash out GST modalities with stakeholders in June
- Malicious administrators
|MAY 25, 2012|
- UBTZ transported record amounts of cargo
The Ulaanbaatar Railway Mongolia-Russia joint venture (UBTZ) transported a record 18.4 million t of cargo and posted a net profit of more than MNT 4.4 billion tugrik last year. Fre...
- Switzerland: quiet railcars only from 2020
Switzerland's federal council of ministers want to ban noisy freight cars from the country's rail network from 2020. To enforce this the council will issue a decree that limits noi...
- APL and PIL to launch joint service between Far East and Red Sea
The carriers APL Co Pte Ltd (APL) and Pacific International Lines (Pte) Ltd (PIL) are launching a new weekly joint service linking the Far East and Red Sea as from 21 June. Ei...
- Manager operations for 4flow management
Veit Liemen became the manager of operations at 4flow management at the beginning of 2012. The trained forwarder is responsible for designing, implementing, and controlling optimi...
- Port of Los Angeles with record April
The US port of Los Angeles had its best April ever and its best month of the year so far. Imports grew by 16.7% from a year earlier to 364,556 containers. Exports rose by 11.6% to ...
- European transport market: prices sank in Q1/2012 as well
According to the Transport Market Monitors compiled by Transporeon and Capgemini Consulting, transport prices in Europe were 7.9% lower in Q1/2012, compared to the last three month...
- DB Schenker offers unique air freight service for sensitive medical products
The German service provider DB Schenker Logistics is the only air freight services provider to date that already meets all of the future requirements of the International Air Trans...
- Chicago gets new cargo hub
The US city Chicago has reached an agreement with a developer, Aeroterm LLC, to begin the construction of the Chicago O'Hare international airport northeast cargo centre, a massive...
- Air France-KLM Cargo headquarters moves to eco-friendly building
The Air France-KLM Cargo headquarters at Schiphol airport (Amsterdam) moved to the TransPort building on the east side of Schiphol on 14 May. With this move, the management, commer...
- TIR reinstatement in the EU is essential to ensure growth
Member states at the forthcoming EU summit have the opportunity to reinstate TIR to enhance competitiveness among small or medium sized businesses (SMEs) and thus stimulate growth,...
- Pantos Logistics opens No.2 logistics centre in Indonesia
Pantos Logistics, the largest logistics business in South Korea, has opened its second logistics centre in Indonesia in an effort to bolster its local warehouse and distribution op...
- SpecTec Americas appoints executive director
SpecTec has appointed Evan Efstathiou as executive director of SpecTec Americas. Efstathiou, who worked in Veson Nautical as the director of client services for the last three year...
- ITG establishes national subsidiary in Russia
In March this year, the German forwarding and logistics service provider ITG GmbH Internationale Spedition + Logistik, based in Schwaig, opened a new branch office in Moscow. The e...
- Gefco opens national subsidiary in Bulgaria
The French transport and logistics group Gefco has established a national subsidiary in the Bulgarian capital Sofia. The move reinforces Gefco's presence in Central and Eastern Eur...
|MAY 25, 2012|
- Shipowners call proposed Panama Canal toll hikes "simply...
- Rena officers get prison sentences
- Damen expands presence in Swedish ship repair
- NTSB makes ferry safety recommendations
- Deepwater blowout exercise to be conducted this summer in...
|MAY 25, 2012|
- Port of Seattle in running for DOD employer award
- Rail freight traffic count delivers high/low week
- IMO Maritime Safety Committee offers cruise ship safety measures
- Yang Ming joining SNL in China/Japan/Philippine run
- TITAN Salvage opening Cairns, Australia equipment depot
|MAY 25, 2012|
- Lloyd's List at Posidonia 2012
Our team is setting sail for Athens and wants to hear from you
- Salalah helps to secure its future
Omani hub anchors cargo by upgrading its feeder links and targeting bulk
- No end in sight for autologistics players' woes
Confidence wanes as costs continue to surge
- Glasses half full in Posidonia
This year's Posidonia exhibition is an important expression of the maritime industries' potential for raising up Greece
- Star Reefers changes its name
Rebranding as Siem Shipping reflects search for new niches
- Dover sees profit fall as turnover slips
Port's ro-ro freight volumes down 1.1% despite growth in overall cross-Channel market
- IMO unveils armed guard guidance
PMSCs to seek national and international certification
- Skills shortage inhibits British marine sector, says business minister
Mark Prisk promises partnership approach
- Shtokman may be strictly LNG
Decision on mode of export could favour tonnage over pipeline
- Frontline takes advantage of boom in North Sea to South Korea oil trade
Trade agreement boosts North Sea VLCC shipments to South Korea
- Falling Chinese iron ore price hurts arbitrage trade
Further blow for capesize sector
- Exxon may take 15 platforms from United Shipbuilding
Series designed for Kara Sea may extend to 50
- Mixed messages
EU sulphur in fuels directive wields a big stick and offers a small carrot
- Japan fears summer blackouts
Extra LNG imports unlikely to help as gas-fuelled power stations already run at near full capacity
- Iron-ore miner Ferrum Americas pushes into Bolivia
New projects could benefit Argentina's bulk ports
- VLGCs set to gain as Texas LPG terminal expands
Two extra VLGC shipments could come from the terminal
- Euroseas launches rights offering
Dry bulk firm to raise about $15m for new purchases
- Frontline's first-quarter profit outperforms analyst expectations
Restructured tanker giant looks to improved second-quarter result
- TEN reduces loss as it eyes tanker and LNG opportunities
Owner beats first-quarter forecasts despite burden of drydockings and red ink from two VLCCs
- HHI to build car carriers for Eukor
South Korean yard secures deal for up to four 6,600 ceu vessels
- Shanghai sets low bar for box volume growth
The world's busiest port will focus financial environment
- Germany's twin ports outperform rivals as box handling surges
Bremen and Bremerhaven post strongest growth of all western European peers
- Iranian talks end in stalemate
Negotiations will resume in Moscow in June
- ICS slams 'unacceptable' Panama Canal tolls hike
Shipowner lobby calls on authority to withdraw planned increase
- Capesize rates drop, mirroring lower China demand
Weak China manufacturing indicators further depress sentiment
- Ireland pledges 'radical' port policy overhaul
New approach will develop terminals case by case
- China considers reserving cargoes for Chinese vessels
Ministry of Transport mulls over 'cargo reservation system' to rescue ailing state-owned shipowners
- Seize the time
More scrapping and a confident Frontline 2012 bode well for tankers
- Morooka takes ICS helm in pivotal year
EXCLUSIVE INTERVIEW: Top of new chairman's agenda: piracy, CO2 emissions reduction and industry response to proposals following Costa Concordia debacle
- Rena master and navigation officer sentenced to seven months in jail
Terms follow guilty pleas and take into account long time in custody
|MAY 25, 2012|
- European shortsea rates under more pressure
AVERAGE daily earnings for European single-decker shortsea tonnage continued to drop this week despite easing fuel costs
- Tsakos swings to loss
NYSE-listed Tsakos Energy Navigation today reported a quarterly loss, but president Nikolas Tsakos assured that challenges should pass
- Euroseas launches rights offering
NASDAQ-listed Euroseas today commenced a rights offering of up to 13.8M common shares to fund vessel acquisitions
- Damen takes control of Oskarshamnsvarvet
DUTCH shipbuilder and repairer Damen Shipyards has taken control of Swedish shiprepairer Oskarshamnsvarvet in Oskarshamn on Sweden's south east coast
- Vinalines execs 'siphoned millions'
THE scandal surrounding Vietnam's state-owned shipping company Vinalines has deepened, with the country's anti-corruption investigators accusing company executives of falsifying contracts to siphon away millions of dong from the company
- Weak petchem demand hits products tankers
WEAK petrochemical demand has hit products tankers, as more vessels compete for naphtha cargoes in the Middle East, say brokers
- Sugar sweetens Supramaxes in Atlantic
SUPRAMAX operators are repositioning their ships in the flourishing Atlantic market as rates in the Pacific continue to languish amid the dearth of Indonesian ore and coal cargoes
- Box rates could drop until October
CONTAINER rates will continue weakening until carriers begin to idle ships from 4Q12, said CIMB Securities in a note today
- Frontline expects earnings boost
FRONTLINE, the listed VLCC and Suezmax operator in John Fredriksen's business empire, expects the current quarter to show an improvement in earnings after it reported a 1Q12 net profit of $7.2M, down from $15.5M in the same period last year
|MAY 25, 2012|
- CP Says it Will Cut 3,400 Worker if Strike Continues
Canadian Pacific Railway said it will have to lay off up 3,400 workers if the union doesn't end a strike...
- US-Canada Cross-Border Trucking Heats Up
Looking for truck capacity? Look north. Tractor-trailer availability on the Canadian spot market was up 19 percent in April from...
- DHL Exec Sees Possible Dip in Box Rates in Fourth Quarter
Lines could see the freight rate gains of this year on major trades wiped out in the fourth quarter when...
- Rotterdam Invests $18.75 Million in Heavy Lift/Project Cargo Terminal
The port of Rotterdam is investing more than $18.75 million in a new heavy lift/project cargo terminal to keep pace...
- How to Maximize Free Trade's Benefits
Manufacturers can spend 50 percent or more of revenue on purchasing parts. So, it's not surprising that sourcing from low-cost...
- Officials Hope to Turn Port of Miami, Everglades Into Transshipment Hubs
Florida Gov. Rick Scott is providing a model of what one state government can do to promote maritime trade. With...
- Carriers Sense a Return to Black in Near Future
Meetings with several container lines last week in Europe yielded an unexpected takeaway. I had expected the carriers to be...
- Slowdowns Cause Delays at NY-NJ Port
Labor slowdowns at the Port of New York and New Jersey have caused lengthy delays for trucks at Port Newark-Elizabeth...
- Air France Cargo to Slash Freighter Capacity
Air France will reduce its freighter capacity by 20 percent as part of a cost-cutting and efficiency program aimed at...
- Shipowners Criticize Panama Canal Toll Increase
The International Chamber of Shipping criticized planned Panama Canal toll increases as "rushed, excessive and likely to cause further problems...
- Japanese Ship Orders Sink 43.5 Percent
Japanese export ship orders tumbled 43.5 percent in April from a year earlier to 515,768 gross tons, according to figures...
- CP Strike Threatens Vancouver Intermodal Shipments
Port Metro Vancouver remained fluid during the first two days of a strike that shut down Canadian Pacific Railway's operations...
- Higher Costs Flatten Profit for Container Corp. of India
Container Corporation of India's net profit stayed almost flat year-over-year at $160 million in fiscal 2011-12 ended March 31 as...
- LA Port Releases Draft Environmental Impact Report on Proposed Marine Research Center
The Port of Los Angeles has prepared a draft environmental impact report for the proposed Marine Research Center Project at...
|MAY 25, 2012|
- MSC Idil: Spanish importers face more delays
- CPR strike: boxes piling up
A strike started on Wednesday by nearly 5,000 Canadian Pacific Railway [CPR] workers has already resulted in containers piling up at the Port of Montreal; however ...
- Maersk Texas in piracy stand-off
The multipurpose general cargo/container vessel Maersk Texas (1,000TEU) has narrowly avoided being pirated in the Gulf of Oman. At noon on Wednesday May ...
- Ireland runs short of containers
Ireland joined one of the very few European countries exporting more containerised cargo than imports in Q1 12. According to a presentation made by the Irish Maritime ...
- CI Awards 2012: LATE-RUNNER EXTENSION
Up to your neck in mud, bullets and containers this week?Meant to enter the CI Awards but ran out of time?The good news is that we have extended the cut-off ...
- Rena officers jailed
The master and the second officer of the MSC-chartered boxship Rena, which ran aground on the North Island, New Zealand Astrolabe Reef in October of last year, ...
- Saudi Arabia ports report strong growth in Q1 12
In Q1 12, container traffic handled at Saudi Arabian ports rallied strongly compared with the same period of 2011, with the 1.56 million TEU handled being more ...
- Teenager scrapping to increase
The news that a 13-year-old boxship had been sent to the breakers yard provides further evidence of the new two-tier class of container ships: those that are fuel ...
|MAY 25, 2012|
- FOE splashes cash
Fred Olsen Energy of Norway coughs up $700m to construct drilling rig in South Korea with an option for a second.
- ICS crowns new chairman
Spyros Polemis passes the torch to newly elected head of influential trade body at AGM in Australia.
- TEN unfazed by loss
CEO says LNG and shuttle tanker plays will make challenging quarters "a mere aberration" in owner's 19-year history.
- Sanko sides with WBC
Embattled owner of Sanko Mineral endorses Western Bulk arrest as it will "mitigate the impact" of earlier legal actions.
- Novoship turns to loss
Russian tanker owner slumps into the red in first three months despite revenue rise.
- Euroseas aims for $15m
Aristides Pittas-led owner has revealed details of its share issue designed to build funds for fleet expansion.
- Fredriksen holds all the cards
Big John pulls another ace out of his sleeve as Frontline 2012 eyes expansion.
- Damen adds Swedish yard
Dutch shipyard group builds European repair network with capture of Oskarshamnsvarvet.
- Bulker towed into Brest
UK's Clare heads to Damen repair yard after suffering propulsion problem off France.
- WBC makes Sanko move
Time-charterer of Sanko Mineral joins legal scrum by filing its own arrest on vessel in bid to finally deliver cargo.
- Frontline feels the pinch
John Fredriksen-led tanker owner's slimmer fleet produces reduced Q1 profit following restructuring.
- Hoegh stretches Lady deal
Norwegian owner to make $6.5m from one-year extension of LNG carrier's charter to Gas Natural.
|MAY 25, 2012|
- Shipowners protest Panama Canal toll hike
Plans to increase toll charges for the Panama Canal are "rushed, excessive and likely to cause further problems for shipping companies" given the fragile state of economic recovery, said the shipowner group.
- CP strike could begin to bite
Port authorities and shippers express concern that a prolonged strike on the Canadian freight railway will take its toll on their businesses and the national economy.
- CMA CGM joins MSC/CSAV to ECSA
This is a another South American trade extending the partnersahip between CMA CGM and MSC, offering the French liner a direct connection between the east coasts of North and South America.
- MOL adds rail connections to performance metrics
- Swiss starts Zurich-Tampa service
- CHR names O'Brien senior VP of transportation
- Troy follows customers to the Web
- Orange connects Zim from shore to stern
- RedTail expands to warehouse, 3PL support
- Damen buys Swedish ship repairer
- Virginia resumes log exports to China
- Random exams cancel some C-TPAT benefits, CBP admits
- European freight confidence wanes
- U.S. breaks up illegal Chinese export ring
Chinese national Qiang Hu was arrested in Massachusetts for illegally supplying U.S.-origin parts to end-users in China in violation of U.S. Export Administration Regulations and the International Emergency Economic Powers Act.
- SuperGroup becomes 3PL
- Rena captain, mate sentenced
|MAY 25, 2012|
- Bunker prices mixed as week ends
Demand was slow today, according to a supplier on the US Gulf.
- Marine wind and solar power solution to undergo testing
Testing focused on system of sails, solar panels and energy storage modules that allow ships to tap into renewable energy by harnessing power provided by wind and sun.
- 2015 sulphur limit could have 'unintended consequences'
Business Minister responds to Bunkerworld and Sustainable Shipping about impact of ECA legislation on UK's maritime strategy.
- Lawyer confirms that sanctions could put P&I cover in jeopardy
Using Iranian product as bunker fuel 'would place insurer in breach of sanctions,' warns UK specialist.
- Prices firm in Rotterdam but weakening in southern Europe
Quiet market activity in Hamburg.
- Fujairah prices show strong gains
One player in Durban fully committed.
- UK marine strategy initiative seeks industry growth
Government coming on board with industry-led ambitions to support development of UK's maritime industries.
- EU official welcomes sulphur regulations
Call for 'effective, proportionate and dissuasive penalties' for non-compliance.
- Court jails skipper and navigation officer
Fuel from grounded container vessel caused widespread pollution.
- Bunker prices generally climbing in key Asian ports
Supplies of bunkers fine at major ports in Asia on Friday.
- Chinese bunker supplier reports 97% decline in Q1 profit
Also posts lower revenues due primarily to reduced sales volume for fuel oil and petrochemical products.
- South China fuel oil imports down 33% in April
Due to weak demand from the bonded bunker sector.
- Cash in advance 'too risky'
Shipping firms prefer to pay 'a bit more' to procure bunkers from traders.
- South Korean consultative group to develop LNG bunkering
Group, which includes South Korean energy firms, shipyards, will jointly work to commercialise related LNG tech for bunkering.
- Scrubber technology 'big unknown out there'
Shipowners unlikely to invest in scrubbers before 2018, says BIMCO deputy secretary general.