|APRIL 30, 2012|
- MOL posts annual net loss of US$316 million as revenues decline 7pc
- Beijing expects China's mid-year freight growth slowdown to continue
- Hong Kong exports off 6.8pc while imports decline 4.7pc in March
- Antwerp quarterly box volume up 0.7pc, but overall cargo shrinks 2.2pc
- Marshall Islands fleet growth up 20pc, spurt led by Japanese owners
- Hebei port volume up 6.3pc to 185 million tonnes in first quarter
- Shandong Zibo Bonded Logistics Centre's trade value hit US$1.4 million
- Norfolk Southern Q1 profit up 26pc to US$410 million on 6pc sales hike
- Georgia governor earmarks US$46.7 million for Savannah River dredging
- Thailand set to build Pak Bara port, can't wait for Burma's Dawei decision
- India aims to build more hub ports as population makes its economic ascent
- Wartsilla Hamworthy to install sulphur fuel scrubber to ensure compliance
- United Continental posts quarterly US$448 million loss, but sales up 4.9pc
- Nigerian aviation minister wins moral support to re-launch flag carrier
- Vizag air cargo services opens export market to Europe, Africa and US
- Delhi mulls public private partnerships despite airport union protests
|APRIL 30, 2012|
- ASF expresses concern at piracy threat to seafarers
- Drewry & CargoSmart to introduce improved container KPIs
- Rickmers-Linie calls Myanmar
- Black tea exports to China jump 10-fold since FY09
- Ceramic sector calls for ban on feldspar, quartz exports
- India to export Basmati to China
- New Zealand eager to sign FTA with India by 2013
- Adani Group celebrates National Fire Service Day at Mundra
- Chairman's post vacant at 3 eastern ports
- It's too close to call between Singapore & Shanghai
- Next generation container port challenge unveiled
- Pvt. operators likely to bear brunt of Rlys' terminal access charge hike for CTOs
- Despite clearance, govt making no move on sugar exports
- Forex reserves at $294.60 bn
- Moody's sticks to 'stable' outlook on India
- SBI to lower loan rates for SMEs by 150-200 bps
- SEZ exports grow 15 pc in FY12
- UK relapses into recession once again
- Motorship transport through roads is no problem for German expert Kübler Spedition
- New heavy cargo vessels call at Bilbao
- Project cargo training returns to Houston & Mumbai in 2012
|APRIL 27, 2012|
- New truck parking area at Lübeck's Skandinavienkai
Lübecker Hafengesellschaft, the operator of the port of Lübeck (Germany), has created a new truck parking site in Travemünde, close to Skandinavienkai. The new facility, which can ...
- Swissport wins licences for Moroccan international airports
Ground handling operator Swissport International has been awarded the handling licences for Morocco's international airports by the Moroccan Airports Authority (ONDA, Office Nation...
- Tunis Air to start service to Moscow Domodedovo
Starting tomorrow (28 April), North Africa-based Tunis Air is operating a new once per week service from Enfidha to Moscow Domodedovo. The airline will add a sec...
- UK: truck trials to drive down carbon from freight
Trials of carbon-cutting trucks are set for support from the British government. Industry trials will benefit from GBP 9.5 million (EUR 7.77 million) that is being invested by the ...
- Port of Barcelona leading in Spain in terms of profit
The port of Barcelona (Spain) closed the last financial year with an operating profit of EUR 60 million and investments of EUR 105.4 million. This year the Spanish port expects to ...
- Russian Railways planning to take over Bulgaria's railfreight company EAD
Russian Railways wants to buy the Bulgarian state's railfreight transport company EAD together with a counterpart in Greece, according to a report in a Bulgarian newspaper. The rep...
- MOL establishes subsidiary in Peru
The Japanese shipping company Mitsui O.S.K. Lines (MOL) has established a subsidiary in Lima. The new entity, called MOL Peru S.A.C, will be staffed by 19 people. (it)
- Gefco organising rail flows in Europe
The French transport service provider Gefco is now managing its own European rail flows. Since last December, Gefco has worked with three private railway operators to transport aut...
- Air France-KLM Cargo and Martinair Cargo make tracking shipments easier
Air France-KLM Cargo and Martinair Cargo have launched a new App for iPhones and iPads, making it even easier to track shipments. The App ena...
- JCL Logistics Italy goes into liquidation
It has just became known that JCL Logistics Italy Srl, a service provider based in Melzo, near Milan, went into liquidation in line with a decision taken at an extraordinary genera...
- Geodis ends partnership with Azkar in Spain
Geodis, the French transport and logistics corporation headquartered in Clichy, near Paris, has terminated its collaboration with the Spanish transport and logistics company Azkar....
- Wim Bosman CEE opens new branch in Finland
Wim Bosman Central Eastern Europe has officially launched operations in the port of Hamina in Finland. "The new branch opening was part of our strategy. The branch in Hamina i...
|APRIL 27, 2012|
- Wärtsilä donates controllable pitch propulsion system to USMMA,...
- Holland America names Joe Palermo director, ship...
- Kirby Corporation reports record earnings
- RINA offers fuel saving services
|APRIL 27, 2012|
- Coast Guard responding to vessel fire at Seattle terminal
- City, Port of Bellingham schedule joint public meeting
- Rail freight traffic posts up/down numbers for week
- Frank nets Port of Portland Compass Award for 2011
- Port of Seattle presents Green Gateway Awards
|APRIL 27, 2012|
- American Feeder Lines discontinues Canadian service
Questions over fate of 10 US-built boxships on the drawing board
- CIN abandons bid for Tirrenia branch
Way now open for Onorato Partecipazioni to launch a fresh bid
- Weak rates could open the door for private equity
Moelis & Co team believes banks will increasingly insist on third-party cash
- The rise of the modern day dry bulk operator
Low freight rates and volatility are embraced
- So where is the cash?
Evolution, not revolution, say Moelis experts
- Fuel prices cause problems as UK economy remains weak
Latest UK Logistics Report forecasts very modest growth in the coming year on 'a long and bumpy road to recovery'
- On thin ice in the Arctic
US reliance on single heavy icebreaker is risky
- Tsakos eyes future spin-off for LNG and shuttle fleet
TEN looks at separate structure for in-vogue assets in order to 'unlock value'
- Lovell Minnick takes up $10m fresh equity in Dahlman Rose
Private equity group adds to earlier $40m investment
- Falling asset values force TEN to reclassify debt
Company insists the move is immaterial to $65m follow-on issue
- Asian lines fumble in the red
Carrier strategies to tackle cost and capacity challenges fail to convince
- Shell sees floating liquefaction as the future of the industry
Energy major's LNG sales volume rises 12%
- Deutsche Bahn and HHLA announce port rail share swap
Antitrust authorities must approve the deal
- Capesize rates continue to slip
Upcoming week expected to be slow but some see a glimmer of Chinese demand
- BG Group sells stake in Chilean LNG terminal
UK company retains a 21-year supply contract
- Marco Polo Chapter 11 hearing adjourned again
Parties now give themselves until May 17 to agree liquidation plan
- US summer driving season will fail to shine for MR product tankers
High prices at the pumps could push gasoline demand to 11-year low
- Cosco takes a first quarter drubbing
China's biggest shipping line sinks deeper into the red
- Boxship orders slump in first quarter
Newbuilding deliveries accelerate
- CAI reports 42% revenue growth
Strong first-quarter result signals robust demand for leased containers
- Two single-ship KG funds file for insolvency
Bank turns down restructuring plan for former Beluga vessels
- Concordia Maritime forecasts slow rise in product tankers market
Swedish owner reports first quarter net sales of $20.4m
- Rongsheng taps bond market for refinancing bid
Company closes first tranche of intended $572m issue
- Lloyd's List wins award for innovation
Market-leading journalism, analysis and data recognised at British Media Awards
- Red alert
Asian carriers' losses signal continued crisis for container industry
- Petrofin paradox
The overall figure for loans to Greek owners booked worldwide in 2011 rose by 2.2%, despite the woes of the nation's economy and the global shipping market
- Precious Shipping posts $1.3m first-quarter loss
Thai bulk operator cuts daily average vessels cost
- Strong krona erodes Stena's 2011 results
Group reports 'challenging' year for its ferry business
- China Shipping Development loses $51m in first quarter
Loss from spiralling fuel costs in line with expectations
- MOL posts $322m fiscal-year loss
Japanese giant foresees a marginally profitable fiscal 2012
|APRIL 27, 2012|
- Japan's Big 3 sink to losses
JAPAN'S Big 3 shipping companies all posted losses today, reversing profits for the previous financial year
- Box rate peak by August?
THE RISE in box rates could peak, as usual, in the third-quarter high season in July-August, CIMB Securities warned today
- $100Bn lending gap predicted
NORWAY'S DNB today reportedly predicted a $100Bn gap in funding for shipping by 2015
- Fairstar AGM halted in takeover uproar
FAIRSTAR Heavy Transport today suspended its annual general meeting by up to 30 days because the board said it suspected an undisclosed shareholder accord tied to a hostile takeover attempt
- Potent powder sniffed out
VENEZUELAN authorities have seized 3.3 tonnes of cocaine headed for Mexico in a shipping container, IHS Global Insight reported today
- China COSCO's bleeding worsens
COSCO'S flagship company - China COSCO Holdings, the world's largest bulker company - has reported net losses for 2012's first quarter of 2
- Exmar turns it around
EXMAR, the listed Belgian shipping group, returned to profits in 1Q12, on higher operating income and gains from a one-off sale
- Golar plans Oslo delisting
GOLAR LNG said today it plans to delist its shares from the Oslo Stock Exchange
- Hyundai Steel profits dive 39%
HYUNDAI Steel said today profits in the first quarter dropped 39% from totals in the year-ago quarter
- Why US shortsea fears new fuel rules
SHORTSEA shipping in the US will be slammed by higher fuel costs when new air emissions rules take effect on 1 August, a bulker owner has warned
- NYK seen outshining compatriots
JAPAN'S second-biggest shipping group NYK Line is likely to outshine MOL and 'K' Line in the next fiscal year, Macquarie Equities Research predicted today
- HHLA-DB split up intermodal JV
HAMBURG box terminal operator HHLA and German state railway group Deutsche Bahn today parted ways over their intermodal JV
- VLCC brokers get 'spooked'
RUSHED chartering has resulted in VLCC rates rebounding in owners' favour, but brokers cautioned that tonnage supply is soon likely to favour charterers again
- MES profits rise 32.5%
MITSUI Shipbuilding & Engineering said today profits for the financial year ending 31 March 2012 were up 32.5% year on year, to ¥17.88Bn ($221.67M)
- Asian Supramaxes struggle
INDONESIA'S curbs on raw material exports are hurting Supramax bulker owners in Asia, brokers told Fairplay today
|APRIL 27, 2012|
- Canadian Pacific Union Approves Strike Option
Canadian Pacific Railway would face a labor disruption in late May if a union representing 5,000 workers exercises a strike...
- "K" Line Posts $503 Million Loss for Fiscal 2011
"K" Line swung to a loss of $503 million for the fiscal year ended March 31, a big drop from...
- Emirates SkyCargo to Begin Its Own Vietnam Service
Emirates SkyCargo will offer its own freight capacity out of Vietnam in June, launching a service between Ho Chi Minh...
- Samsung Overtakes Nokia in Cell Phone Shipments
Samsung Electronics overtook Nokia in the first quarter to become the world's largest cell phone brand for the first time,...
- Losses Surge at China Shipping and Cosco
China Cosco Holdings, owner of Asia's largest container shipping company by capacity, and China Shipping Container Lines each saw first...
- Maersk to Raise Freight Rates on Major Trades
Maersk Line plans to implement a series of general rate increases on major trade lanes that will take effect mid-May....
- 2011 a Banner Year for Top Trucking Companies
The economic recovery, tenuous on Main Street and shaky on Wall Street, is surprisingly strong on the open road, where...
- Supply Chains Shift on China's Halting Growth
In explaining the vast quantities of excess capacity throughout the U.S. marine terminal world, it's not hard to identify the...
- Maersk on Market Share: Shifting to Defense
People make money on container shipping, not in it. The business provides consistent profits for terminals, equipment lessors and non-asset...
- Costamare Buys Two, Scraps Two Box Ships
Containership owner Costamare has bought two containerships and sold two older vessels for scrap as it continues to modernize its...
- ANA Net Profit Rose 20.9 Percent in Fiscal 2011
All Nippon Airways Co. (ANA), Japan's largest airline, said on Friday that its group net profit soared 20.9 percent in...
- New Container Port in Germany to Open in August
Europe's newest container port facility is scheduled to open in August in Wilhelmshaven, Germany, and unlike its neighbors Hamburg and...
- Freight Volume Stable at Singapore's Changi Airport
Despite a dip in cargo movements to and from Europe and South Asia, Singapore's Changi Airport saw freight volumes remain...
- American Feeder Lines Going Out of Business
American Feeder Lines, which suspended its 9-month-old feeder service from Halifax to Portland, Me. and Boston this week, is going...
- Double-Digit Brokerage Growth Boosts Echo Profit 42.9 Percent
A 21.9 percent jump in freight brokerage propelled Echo Global Logistics' profit in the first quarter to $3.1 million, up...
|APRIL 27, 2012|
- CAI continues to post good results
Despite a slight drop in container utilisation levels and generally weaker lease rates in Q1 12 than in the same period of 2011, a change in CAI International's ...
- China COSCO still deep in the red as financial costs soar by 315%
China COSCO Holdings - the parent company of COSCON - has followed in the footsteps of Chinese transport compatriot China Shipping Container Lines [CSCL] and reported ...
- Jam tomorrow for Japanese trio?
The big-three Japanese shipping companies, have unsurprisingly posted substantial net losses for their fiscal year trading - ending March 31, 2012 - with the common ...
- TPT wants regional role
Durban-based Transnet Port Terminals (TPT), the state-controlled operator of South Africa's main container-handling facilities is looking to establish co-operative ...
- HHLA and DB reorganise rail investments
Hamburg-based Hamburger Hafen und Logistik AG (HHLA) and Deutsche Bahn (DB) have agreed to rearrange their respective share holdings in TFG Transfracht, the main ...
- Cagliari improves competitiveness
Competition between Mediterranean hub ports took another turn this week when Cagliari's Port Authority decided to reduce its anchorage dues by 90%. President Piergiorgio ...
- Bareli's total loss adds up to 'worst-ever' Q1 for underwriters
The not unexpected confirmation from managers, Klaveness that the 3,100TEU CMA CGM-chartered boxship Bareli had been declared a 'total loss' has culminated in a ...
- Penning: UK must develop coastal feeders
Delivering a keynote speech at the 40th anniversary conference of the Plymouth Nautical Degree Association [PYNDA] at the IMO headquarters in London yesterday, ...
- American Feeder Lines throws in the towel
American Feeder Lines (AFL) has failed in its bid to revive US coastal shipping and suspended its New England-Halifax feeder shuttle after less than a year in operation, ...
|APRIL 27, 2012|
- Owner takes Star turn
Bulker owner's shares do just enough to forestall delisting warning from New York exchange.
- Private equity primes Dahlman
Partner Lovell Minnick pumps more millions into NY shipping-energy bank as Canadian frontier looms.
- NYK to lead big three
Macquarie Capital tips MOL and K Line to lag behind as NYK's car carriers come to the party.
- ESL feeling the chill
Baltic Sea bulker operator dips into the red in first quarter as contract volumes drop.
- Samskip snaps up a brace
Icelandic owner takes on a couple of small vessels having bagged a loan from German banks.
- Drunk mate caused grounding
New Zealand report reveals Anatoki seafarer had put away four or five pints of beer before accident.
- Bumi share sale trimmed
Sell-off of Hassan Basma-led offshore owner raises just $377m after leading investor pulls out.
- Shipping and shopping
But not everyone is buying and even those with intentions are hesitating before the checkout.
- Takeover saga in sour twist
UPDATED: Fairstar hits out at Dockwise for unlawful deal with shareholders ahead of unwelcome bid.
- Precious dives in the first
Khalid Hashim-led bulker owner hit by slumping freight rates.
|APRIL 27, 2012|
- Web Feature: Follow the Flagship
- Miami settlement removes port dredge obstacles
- Medical exporter hit with fine for Iran shipment
- LINC Logistics expects $170 million IPO
- Infor boosts Russian railcar plant
- Data2Logistics quickens freight bill auditing
- Japanese lines slump to major losses in 2011
- CKYH to call Norfolk last
- Maersk slows FEW 3, adds Cape Town
- Weinstein named ABS president
|APRIL 27, 2012|
- Bunker prices end week higher in the Americas
Demand picking up on US Gulf, local trader tells Bunkerworld.
- New Zealand's only refinery set for expansion
Marsden Point facility is New Zealand's only refinery and supplies all of the fuel oil for the country's bunker market.
- Congressman chairs hearing on impact of regulations
'I am concerned about the cost and impact of several recent and forthcoming rulemakings that will affect the maritime sector.'
- Price mixed in key north European ports
Quiet bunker market in Hamburg, Piraeus.
- Fujairah prices largely stable
Prices mixed in South Africa.
- Short sea sector calls for change to North American ECA boundary
Recommends reducing ECA zone for certain ships to 50 nm, citing economic and environmental reasons backed by study.
- Classification society offers shipowners help with fuel economy
'All shipowners need assistance to cut energy costs,' says RINA.
- Surge in China's fuel oil imports from Venezuela
Drop in demand for product from Singapore hub.
- New marine propulsion system claims 75% efficiency gain
Engineers have developed a new way to convert power to thrust that 'circumvents all the inefficiencies of the propeller'.
- Another new barge for Russian bunker player
Vessel is third in a series of four ordered by BFC.
- Fuel efficiency will drive demand for newbuilds
Shipping group looks to 'modern, fuel efficient generation'.
- Bunker player triggers ship arrest
Reports say Vinalines vessel was detained in Singapore.
- Bunker prices firming as week closes
Demand largely below average across key Asian ports.
- LNG bunker 'key' to cost effective shipping industry
Asia can overcome challenges, 'well-placed' to lead the way, says DNV executive.
- Innovation 'only way' to overcome key challenges
'Innovation has played a key part in the maritime industry's development,' says Singapore's senior minister.
- East China fuel oil stocks fall
Strong bunker demand draw down inventories amid low cargo arrivals.
- Chemoil director retires
Lim Ah Doo has decided not to seek reappointment at the annual general meeting, says company.
- First fuel-efficient suezmax joins AET fleet
Energy saving devices will 'substantially reduce' amount of fuel used by the 157,000 dwt vessel.