|JULY 30, 2012|
- Asia-Europe spot rates rise 3.4pc to US$1,728/TEU ahead of August GRI
- Tacoma first half import container volume rises 13.4pc to 87,610 TEU
- Consortium to develop Marseilles hub as box volume surges 14pc
- Intermodal stars in Union Pacific 24pc record quarterly profit increase
- Norfolk Southern quarterly profit declines 6pc with 15pc fall in coal
- Kenya to ban trucking of 28-tonne plus boxes, insists railways instead
- Despite talk of gloom and doom, Canadian export banker sees US growth
- Singapore manufacturing up, biomedical, transport engineering leads
- Barcelona box volume off 20pc following drop in transshipment boxes
- CaroTrans starts offering Seattle to Japan LCL export service
- Singapore Airlines quarterly profit up, but cargo widens loss threefold
- Flown by Atlas Air, Panalpina's second Boeing 747-8F enters service
- Air cargo screening technologies race to meet TSA deadline for compliance
|JULY 29, 2012|
- 100 pc box scanning a subject of debate in the US
- deugro completes 2 prestigious projects for Siemens
- Govt revokes nod for import of crude oil thru Iranian ships
- IMO approves shift of shipping lanes on US West Coast to save whales
- Basmati exports surge to record 3.21 mt in 2011-12
- CTC tea export to Kenya likely to surpass last year's level
- Govt extends anti-dumping duty on acetone imports
- Importing pulses, edible oils may not be easy in face of 'global' drought
- Oz senator wants Canada to halt asbestos exports to India
- Dumping of boxes at Kolkata, Paradip Ports under cloud over alleged duty evasion
- Kandla Port commissions floating crane
- Policing on port gates
- Forex reserves perk up $ 589 m to $ 287 bn
- Govt to exempt processed foods from commodity export bans
- Industry terms new PPP projects' oversight mechanism as half-baked
- INR closes at one-week high of 55.34
- PEC invites 2nd bid for export of 60,000 t of wheat
- CaroTrans adds direct Seattle to Japan LCL export service
- Holleman moves heavy & outsized cargo through Bulgaria
- Kübler Spedition & Lufthansa Cargo Charter Agency-a solid partnership
|JULY 27, 2012|
- Hercules Offshore reports increased revenues
- NASSCO Norfolk awarded $115 million contract mod
- Landmark containership engine completes trials
|JULY 27, 2012|
- Newport Port Commissioners ask manager to delay retirement
- Gunderson dedicates second habitat roof project
- Hamburg Sud christens new 7,100 TEU container vessel
- New FMC report looks at US vs. Canadian/Mexican ports
- US rail traffic numbers have mixed result during week
|JULY 27, 2012|
- Japanese shipowners dominate sale and purchase market
With the Japanese out in force in the secondhand market, accounting for more than one-fifth of all sales this year, how is this affecting the S&P sector?
- Security on the cheap
The UK's public row over the shortage of guards for the Olympics is reminiscent of the piracy debate over governments that refuse to spend money
- West African suezmaxes find a floor to falling rates at last
Owners show resistance despite declining US crude demand and more use of VLCCs
- East Africa needs additional container capacity
APM Terminals in talks with Tanzanian government to build and operate new box terminal at Dar es Salaam
- Grindrod to invest $1.2bn in ports over three years
Part of the money will go to expanding Maputo's coal terminal capacity from 6m to 30m tonnes by 2015
- Iron ore price crash poised to boost Chinese imports
China's less efficient mines will be unable to compete with foreign producers after price per tonne falls to two-year low
- Australian capesize rates fall to lowest level in over a year
West Australia to China trips earning only $6.341 per tonne
- Minoan to turn up heat on Hellenic Seaways management
Grimaldi Group fails to unseat Vardinoyannis in argumentative AGM
- Coup for Germanischer Lloyd with contract to class Evergreen newbuildings
Taiwan line also gives vote of confidence to UK with 10 ships to be added to British register
- European Minibulk moves nine of its small bulkers into lay-up
Majority of German rescue scheme's laid-up ships come from Reederei Wessels
- Asian shipmanagers see growing repossession business
EXCLUSIVE: Hong Kong's Wallem now trading 26 vessels for banks
- Chinese yard strikes groundbreaking deal for LNG carrier newbuildings
Partnership between Nantong yard and Cambridge Energy marks important move away from Japanese and Korean dominance
- Owners and charterers decide now is the time to fix longer-term VLCC charters
Some 13 period deals struck already this year
- Up in arms
In the absence of an internationally recognised standard, myriad due diligence, accreditation and methods of standardisation have sprung up
- Order cancellations spike at Chinese yards
China's shipbuilders see more orders cancelled in January-June compared to the whole of 2011, industry data shows
- Europe and Costa Concordia send Royal Caribbean crashing to second quarter loss
Cruise major slashes annual profits guidance in an 'interesting year'
- Revealed: the bank behind Costamare's 100% financing deal
Hypovereinsbank emerges as the lender that enabled the Stadt Lübeck purchase
- Softly softly
'Informal repossessions' are the way to handle shipowners who cannot meet repayments
- Maritime security firms hope ISO meeting will accelerate regulation
Firms want particular guidance on port states
- Orders famine spreads to China's inland waterfront builders
Biggest privately owned yard in Chongqing, the stronghold of Yangtze River water transport, has received no orders since last year
- Costs mount for wind turbine installation newbuildings
Fledgling newbuilding market wobbles as Lamprell struggles with costs
- Precious Shipping in big profit drop in second quarter
Costs rise, but Thai dry bulk operator stays in the black
- CNOOC unit loses $32m offshore vessel during typhoon
Hai Yang Shi You 699 sinks near Hong Kong's Po Toi Island
- D'Amico books two 40,000 dwt tankers
Deal done with South Korea's Hyundai Mipo Dockyard at $30.7m each
- Sixth Vinalines official arrested
Charges centre on alleged mismanagement
- Search for missing seafarers to start on Bunga Alpinia
Two bodies recovered in water as fire is extinguished and rescue team assesses safety to inspect the ship
- FMC gives all-clear to Canadian and Mexican ports
Carriers and shippers moving US-bound cargo via ports across the border not breaking any rules, says Washington agency
|JULY 27, 2012|
- FMC releases harbour tax study
A study unveiled today by the Federal Maritime Commission suggests that eliminating or changing the way the Harbour Maintenance Tax is levied would benefit US West Coast ports
- Finnlines predicts volatile rest of year after better 2Q
FINNLINES expects the rest of the year to be volatile after increasing its 2Q12 profit
- Precious profits down 97%
PRECIOUS Shipping said 2Q12 profits fell 97% to 13.14M baht ($0.42M) from 402M bhat ($12.74M) y/y primarily due to lower earnings and higher operating expenses
- Foreign investors barred at Taman Port
THE Russian government's port authority, Rosmorport, has decided to exclude foreign investors from taking shareholdings in the new Taman port, to be built on the Black Sea
- HPH Trust sees 60% growth in 1H profits
SINGAPORE-listed Hutchison Port Holdings Trust said its net profits rose by 60% to HK$1.0Bn ($129M) during the first half of the year from HK$654M in 2011
- Know you shipper to avoid excess loads
CONTAINERS weighing more than has been declared remain a problem five decades after the container shipping industry became established, notes the TT Club in a newsletter today
- VLCC owners paying charterers to hire ships
FOR three consecutive weeks, VLCC owners have been offering their ships for free as charterers continue to work their August stems at discounted rates
- South Korean vehicle exports to see lower growth
SOUTH Korean vehicle exports are expected to grow 4.7% in 2012, down from the 14% growth last year, said the Korea Automobile Manufacturers Association
- First post-sanctions Iranian crude shipments
ASIAN buyers of Iranian crude have imported their first batches of Iranian crude since EU sanctions were introduced on 1 July
- Losses looming for China's yards
CHINESE yards received 50% fewer orders during the first six months of this year compared with the same period of 2011, the China Association of the National Shipbuilding Industry said today
|JULY 27, 2012|
- YRC Worldwide Taps Handheld Trucking Technology
James Welch is moving into his second year as CEO of YRC Worldwide with plans to use technology to optimize...
- Truckload Capacity Index Reflects Slowing Economy
The Journal of Commerce Truckload Capacity Index rose 0.3 percentage points to 84.4 in the second quarter, as a slower...
- Nippon Express Opens Office in Myanmar
Nippon Express Co., Japan's largest international freight forwarder, said on Friday that it has set up a representative office in...
- USA Truck Reports $3.5 Million Loss
Struggling truckload carrier USA Truck suffered a second-quarter net loss of $3.5 million, as revenue dropped 6.8 percent year-over-year to...
- Congressman Says FMC Shows 'Invisible Blockade'
Rep. Rick Larsen, D-Wash., said a controversial Federal Maritime Commission report shows that the U.S. harbor maintenance tax means "Pacific...
- Divided FMC Issues Canada Port Report
A divided Federal Maritime Commission issued a report saying the Harbor Maintenance Tax is among factors encouraging U.S.-bound imports through...
- Shipping Rate, Surcharge Update for Week of July 23-27
Maersk Line will raise its rates on services from the Indian subcontinent to the U.S. and Canada, starting Aug. 15....
- Consumers Slow GDP Growth to 1.5 Percent
U.S. economic growth slowed to 1.5 percent in the second quarter as consumers cut back on spending, the Commerce Department...
- Eurozone Crisis Brings Turbulence to Trans-Atlantic
Just when it looked like nothing could stop the U.S. export juggernaut, some of the nation's largest manufacturers and trans-Atlantic...
- MSC Wears the Crown in US-Europe Trade
It was a clean sweep for Mediterranean Shipping Co. in the U.S. global containerized trade moving to and from European...
- Commentary: Ocean Carriers' Fear Factor
Last week's Journal of Commerce cover story ("Ocean Carriers' New Pricing Power") made an observation that hasn't been lost on...
- Commentary: Port Projects Fast-Tracked, Finally
Let's give credit where credit is due. With the stroke of a pen, President Obama on July 18 signed an...
- Cargo Volume Growth Slows for China's Ports
China's ports saw growth slow in the first half of the year as European import demand softened. The...
|JULY 27, 2012|
- OPDR to adjust its Europe/Spain-Morocco-Canary Island services
Hamburg based Oldenburg-Portugiesische Dampfschiffs-Rhederei (OPDR) is to make adjustments to its northern Europe/Casablanca (Morocco - CASA) and northern Europe/Canary ...
- Tacoma exports on the up
The Pacific Northwest Port of Tacoma has had a strong H1 in box imports - they soared by over 13% compared to the first six months of last year - but in contrast ...
- FMC's cargo diversion study released today
The Federal Maritime Commission's (FMC) hotly anticipated report in to whether ports in Canada and Mexico are taking cargo away from US terminals is to ...
- New highway enhances Tampico-Manzanillo corridor
Mexico's current five year (2007-12) national infrastructure programme which aims to improve transport connections between its main cities, including the ports, ...
- Nigeria's Jonathan replaces NPA officials
Yesterday saw Nigeria's president, Goodluck Jonathan, make sweeping changes across several of the nation's transport parastatals, including the Nigerian Ports Authority ...
- CN thrives on CP strike
Second quarter results for Canadian National [CN] and Canadian Pacific [CP] railroads were impacted by a nine-day strike at the latter, which obviously favoured ...
- Sun not setting on solar panel war
Chinese solar panel manufacturers have called upon the Beijing government to urgently open up a dialogue with EU officials over anti-dumping restrictions that could ...
- AfDB supports CFTA
Donald Kaberuka, president of the African Development Bank (AfDB), has said that his organisation is committed to helping African nations improve their physical ...
- MSC Flaminia: awaiting UK clearance
|JULY 27, 2012|
- Repsol picks up AET twins
- TEN stretches charter
- Slightly better for Seacor
A slip in revenue did not stand in the way of an improved second quarter profit at Seacor Holdings.
- Star and JFC friends again
A settlement of a long running dispute between Star Reefers and Russian charterer JFC has given a boost to the finances of Oslo listed Siem Shipping Inc.
- Mercator net shrinks
Singapore-listed bulker owner books a smaller profit for the first quarter.
- Diana hit again
Diana Shipping looks to have found a fresh period deal for one of its panamax bulkers.
- Thinking positively
We take a look at what was said in the market over the last week.
- Cosco in profit warning
China Cosco Holdings has braced investors for a huge first half loss.
- Three in line to lead
Sovcomflot's long-anticipated IPO moved a fraction closer today as Moscow revealed a string of top banks are being teed up to lead the float.
- Crisis hits All Leisure
Fallout from the Costa Concordia crash and a weak European economy sent All Leisure Group to a deeper first half loss.
- Bleak market hits Star
The chronic troubles of the reefer market led to only a marginal profit for Oslo listed Siem Shipping Inc better known for its trading name of Star Reefers.
- Clock ticking for Sanko
Court gives bankrupt Japanese owner six months to crawl out of the financial quagmire.
- Precious profit falls
Lower rates and spiralling costs have helped drag down second quarter profit at bulker owner Precious Shipping.
- Sinochart spreads threat
A Chinese charterer facing a $178m claim from Norway's Gard insurance group for sending a capesize bulker to an allegedly unsafe port has won the right to bring a Japanese sub-charterer into the action.
- Bodies found
The bodies of two of the four seafarers who have been missing since fire broke out on MISC's 38,000-dwt chemical tanker Bunga Alpinia (built 2010) yesterday were found this afternoon.
- Stolt in UK first
Stolt-Nielsen has expanded its terminal business after buying its first facility in the UK.
- China slows down
Further signs that China's economic growth is slowing down emerged this week as officials revealed that cargo volumes in the country's ports grew less during the first half of this year.
- Navios profit up
Drybulk bulk shipper Navios Maritime Partners' has posted a net income of $33.6m for the first half of its 2012 financial year, a significant improvement over the $30.1m earned during the first half of 2011.
- Bunga blaze extinguished
MISC Berhad officials say the fire on board the 38,000-dwt chemical tanker Bunga Alpinia (built 2010) is now out, but there is still no sign of four crew missing members.
|JULY 27, 2012|
- Carrier customer service catch-up
- Quality documentation: Job 1
- Prince Rupert of the East?
- Logistics' helping hand
- Supply chain sustainability remains compelling
- Burning concern
- Moving 'BUF'
- Life jacket in uncertain seas
- Document drudgery
- Pump price for liner carriers
- ACAS flexibility for forwarders
- Aligning air cargo security
- DHL's China mega-hub
- ICAO carbon emission standard
- Boeing, Airbus cautioned on production pace
- TT Club targets shippers
- Franchised logistics
- Sustainability data from all sides
- Headed for the cloud
- Will the U.S. dollar continue to appreciate?
|JULY 27, 2012|
- Global bunker market trends lower in calm trading week
Prices fell slightly across all grades throughout the week Bunkerworld data shows.
- Bunker prices end week uncertain
Trading was heavy on the US Gulf, according to a local player.
- Royal Carribean reports Q2 loss
Bunker pricing net of hedging for the second quarter was $699 pmt and consumption was 340,000 metric tonnes.
- Coast Guard responding to fuel spill off Oregon coast
The Coast Guard has determined the fuel sheen to be rapidly dispersing and non-recoverable.
- Rotterdam unveils shore power systems for sea-going vessels
Alternative Maritime Power systems enable vessels to switch off engines while docked and connect to shore side electricity to power services such as lighting, heating and food preparation.
- North American ECA will not affect Alaskan ferry operations
"Finally a regulation comes along and you say 'That was easy,'" says marine operations deputy commissioner,"let's move on to the next problem."
- ECA countdown: 'Race continues' for LSFO
Advise to 'bring your enquiries early' as 1.00% product supply remains restricted, though LSFO premiums are coming down in some markets.
- Shipowners making green shipping a reality
Innovation is making more efficient ships a realistic proposition.
- IFO prices continue firming in Fujairah
Suez stays out of product while prices pick up in Fujairah.
- Week closes on firm trend across European market
Bunker prices stay on upward curve although players in Rotterdam hold differing views on direction.
- Deteriorating sulphur compliance bad omen for 2015
Data shows multiple breaches of EU sulphur regulation and upward creep in average MGO sulphur content ahead of 2015 ECA requirement.
- Debt-laden shipowner seeks liquidation to avoid bankrupty
Second Italian shipowner teeters on brink as authorities seize ships.
- Trade fair tackles green shipping
Hamburg's SMM to host dedicated conference on shipping and the environment.
- Week ends with bunker price rising at key Asian ports
Supplies of bunker fuels fine at key Asian ports on Friday.
- Singapore non-payment row back in court
Golden Star Marine seeking claims from bunker supplier for alleged non-payment of bunkers.
- Strait of Hormuz fears rise on military build-up
Iranian anti-ship missiles pose threat to US warships.
- Japan to see lower bunker output in August
Suspension of operations at JX Nippon's Mizushima refinery to impact supplies, local traders say.
- Italian shipowner orders 'eco' tankers
The two double-hulled newbuildings belonged to a new generation of vessels with lower fuel consumption, says d'Amico.
- Chemical tanker catches fire at Petronas facility
MISC vessel reportedly carrying some 1,000 mt of fuel at the time of the incident.
- Lukoil expands Russian bunkering operations
With the arrival of 6,988 dwt newbuild bunker tanker Nimbus SPb.
- MSC to impose new low sulphur surcharge
Surcharge on shipments to US ports expected to cover costs related to compliance with North American ECA regulations.