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| JANUARY 31, 2012 |
Shipping News
- JFE, IHI agree to merge their shipbuilding units
JFE Holdings Inc, Japan's second-largest steelmaker, and IHI Corp have agreed to merge their shipbuilding units to create a builder to compete with South Korean and Chinese rivals.
- French firms work on anti-pirate ship of future
Blind them with light, drench them with water cannons or deafen them with sound blasts: these are some of the on-board anti-pirate features that figure in a project being developed in France.
- Wrecked liner will be moved by end of the year: official
The wreck of Italian cruise liner Costa Concordia will be moved from Giglio Island by the end of the year, the top rescue official said on Sunday.
- Indonesia to upgrade coast guard, personnel
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| JANUARY 31, 2012 |
- NYK's December transpac eastbound up 7pc, Asia Europe westbound rises 3pc
- Cosco Pacific's Piraeus terminal up 73pc in 2011 to 1.18 million TEU
- Port of Savannah up 3.5pc to record-breaking 2.95 million TEU in 2011
- Pirates reportedly free Anglo-Eastern tanker for US$8 million ransom
- Seattle volume slips to 2.03 million TEU from 2.1 million TEU 2010 record
- Tacoma containers up 2pc in 2011, led by 11pc hike in agri box exports
- Yangtze's Three Gorges 2011 cargo volumes up 27.3pc to 100 million tonnes
- Shaanxi provincial expressways expected to cover 4,000 kilometres in 2012
- Kuehne & Nagel drops Saturday mornings from normal workweek in Hong Kong
- US 4th quarter GDP up 2.8pc on robust consumer spending, manufacturing
- Berth construction at Durban Container Terminal to cut capacity 20pc
- CWT Globelink opens in Bulgaria to expand eastern European network
- DB Schenker offers combined Italy to Poland transport capacity
- SDV invests in FAST Overseas in Lebanon, France and Italy
- Dachser focuses on Eastern Europe as trade grows with Asia
- Inchcape says existing anti-piracy armour inadequate, offers alternatives
- American Trucking Associations: December up 5.9pc, biggest gain since 1998
- Bio-pharma, clinical supply chain convention in Beijing Feb 28-29
- Breakbulk China 2012 convention in Shanghai February 28
- Asian air cargo suffers 4.8pc decline, little hope of improvement in 2012
- Deutsche Post DHL goes to EU court to fight EC 'illegal' state aid ruling
- Brussels posts 7.3pc air cargo increase in December despite economic woes
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| JANUARY 31, 2012 |
- PM initiates steps to fast-track development & use of inland waterways transport
- Charterers stop covering cost of moving ships for loading
- China Merchants Holdings to become largest shareholder in Colombo International Container Terminals
- Maersk rejigs Asia-Europe capacity
- MOL drops slots on OOCLPhilippine feeder
- New York-New Jersey gain Asia box cargo
- PM initiates steps to fast-track development & use of inland waterways transport
- Tampa port to buy 110 acres to handle expected cargo increase
- Tanker rates projected to climb 20 pc
- JN Port marks Republic Day with gaiety
- Kandla Seafarers Welfare Centre commences operations
- Le Havre, Paris & Rouen form major port complex in Europe
- Pvt. investment in road sector may rise
- How do you look back on 2011 for the industry, especially in the line of business you are in, and how do you see 2012 developing?
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| JANUARY 30, 2012 |
- Disruption due to Belgian port closures?
Inchcape Shipping Services (ISS), a leading maritime services provider, advises that a nationwide strike in Belgium today (30 January 2012) is closing ports in the country, with kn...
- Canadian Pacific signs new five year contract with Canadian Tire
Canadian Pacific Railway Limited has signed an agreement with Canadian Tire Corporation Limited which extends to early 2017 and awards the railway with the vast majority of Canadia...
- Study confirms economic impact of Anchorage airport
The Alaska (USA)-based Anchorage Economic Development Corporation (AEDC), in conjunction with McDowell Group, recently completed an economic impact study requested by Ted Stevens A...
- Schneider National extends contract with CSX Transportation
Schneider National Inc, a premier provider of transportation, intermodal and logistics services in the USA, has signed a new, multiyear agreement with railroad CSX Transportation u...
- Axel Marschall to head up sales division at DB Schenker Rail
Axel Marschall will be assuming management responsibility for sales at the European DB Schenker Rail Group, and will become the member of the board of management of DB Schenker Rai...
- USA earmarks nearly USD 1.6 billion for damaged roads and bridges
The US Transport Department has allocated nearly USD 1.6 billion to states and territories across the nation to help cover the costs of repairing roads and bridges damaged by a var...
- Volvo Trucks posts record market share in North America in 2011
Volvo Trucks recorded the North American heavy-duty truck industry's largest market share gain of the year in 2011, according to retail sales data compiled by WardsAuto Group. Volv...
- Al Madina Logistics Services new WWPC member in Oman
With immediate effect Al Madina Logistics Services in Muscat has been appointed as exclusive member for the WWPC in Oman. Al Madina is a provider of 3PL services and complete logi...
- PPG expands member services in Middle East and South America
The Project Professionals Group (PPG), a heavylift freight forwarding network, has appointed Inchcape Shipping Services as the new project support member for Qatar, Bahrain, Dubai...
- Ceva Logistics to manage logistics for Intermas Nets
Ceva Logistics, a leading global supply chain management company, has signed a five year contract with the world's leading manufacturer of extruded plastic nets, Intermas Nets SA. ...
- Vienna container terminal increases box handling
The WienCont container terminal in Vienna loaded or discharged a total of 441,615 teu in 2011. Compared with 2010 the container operator was able to increase the volume by 38%. (it...
- MSC introduces congestion surcharge in Mombasa
The Geneva (Switzerland)-based Mediterranean Shipping Company (MSC) will introduce a congestion surcharge of USD 150 in Mombasa (Kenya) due to continuing port delays. It will ...
- PortGround meets highest international standards in terms of air cargo security
PortGround GmbH, a subsidiary of Mitteldeutsche Airport Holding, which provides ground handling, freight and other services at Leipzig/Halle and Dresden airports (both Germany) was...
- Largest ever aircraft acquisition in Europe
Norwegian (NAS) ha...
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| JANUARY 30, 2012 |
- Carnival reports cruise bookings down after Costa Concordia accident
- International Paints products type approved for cargo oil tanks
- Paragon Shipping terminates Supramax charter
- Huntington Ingalls offers patrol frigate variants of National Security Cutter
- Cheniere signs up KOGAS as Sabine Pass LNG export customer
- Admiral Landry to be keynote speaker at WISTA CMA event
- Japanese shipbuilding merger goes ahead
- Seadrill gives update on planned listing of Brazilian subsidiary
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| JANUARY 30, 2012 |
- Sea trials prove Hantong design fuel efficiencies
Straightforward improvements to ship design save over three tonnes of fuel a day
- Safety culture in cruise industry to come under scrutiny
There is a growing ambivalence towards application of the ISM code, says Skagerrak Foundation lead investigator Arne Sagen
- Let western courts try suspected pirates
Transfer the convicted to Indian Ocean prisons once capacity is in place
- Cameron gets his hands dirty in Canada's oil conundrum
EU set to label Canada's tar sands oil as officially 'dirty'
- MOL scraps four tankers
Japanese line opts for green recycling in India to reduce VLCC overcapacity
- Newbuildings can make sense, says Gratsos
Hellenic Chamber president scorns bankers for 'stupid' newbuilding views
- Over-ordering fears grip product tanker sector
Fredriksen reportedly the latest owner lured by new eco designs
- Carnival considering whether it can afford to repair Costa Concordia
IMO intends to conduct its own review into passenger safety
- Eagle Valencia to earn $30,000 per day for next three months
Owners land sound time charter deal
- VLGC Middle East-Asia rate rises for tenth trading day in a row
Further rate increases expected as tonnage is reduced
- Tankers to scoop up Canada's tar sands oil exports
'A matter of time' before Canada turns to seaborne tar sands shipments, say analysts
- British Marine defectors ordered to pay $500,000 damages
High Court rules that trio tried to 'rip the heart' out of former employer's business
- Belfast Harbour posts 7% rise in volumes
Break bulk, dry bulk and ro-ro sectors drive growth
- United action
With huge numbers of VLCC and suezmax newbuildings set to enter service this year, the industry needs to pull together and reduce capacity
- Eurotunnel revenues rise
SeaFrance collapse boosts full-year results
- Netanyahu backs Red-Med rail link
Project has yet to secure private-sector funds
- January demolition levels up 19% on last year's volumes
Indian breakers maintain lead with more than a third of total scrap purchases in 2012
- 'Stupid ship owners'must stop ordering 'stupid ships'
Shipping is subject to Schumpeter's concept of creative destruction
- General strike halts operations at Antwerp and Zeebrugge
Nationwide walk-out leaves port owners feeling the pinch
- Horizon Lines to pay $1.5m environmental fine
Jones Act liner major will admit two counts of providing authorities with false vessel oil record-keeping entries
- Nils Andersen off work until April
AP Moller-Maersk chief executive needs more time to convalesce
- Sudan releases tankers carrying the South's oil
But both governments warn that disputes over oil revenues are far from over
- Abu Dhabi opens ro-ro port
Sir Baaani Yas will be a tourist hub
- Eurotunnel's rise
Channel Tunnel operator's full-year revenue figures for 2011 make for an interesting contrast to SeaFrance
- India defies US sanctions against Iran
Projected growth of 7% this year will drive Indian demand for crude oil
- Magic pipe group sues US government over indefinite crew detentions
Lawsuit brings legal wording under the microscope
- Bunker bills and weak freight rates drive Hanjin into the red
South Korea's largest box line posts $436.7m operating losses for 2011
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| JANUARY 30, 2012 |
- Strike ends; SNCM to start service
FRENCH Mediterranean ferry operator SNCM hopes to launch its planned new three-times-weekly service between the port of Toulon and the port of Bastia in Corsica on Wednesday
- Concordia fallout escalates
CARNIVAL Corporation today estimated that the Costa Concordia tragedy will cut FY12 profits by as much as $175M
- Magica to replace Concordia
COSTA Crociere is to replacing the ill-fated Costa Concordia with Costa Magica during the 2012 season
- CLIA launches safety review
THE Cruise Lines International Association has begun an expedited safety audit in the wake of the Costa Concordia tragedy
- Castaing returns to STX
LAURENT Castaing, port boss at Le Havre, has been appointed general manager of leading French shipbuilder STX France
- Coal export terminals proposed
A US Pacific Northwest river port approved plans to build two coal export terminals to be operated by Ambre Energy and Kinder Morgan
- Horizon pleads guilty
JONES Act carrier Horizon Lines will pay $1.5M to resolve previously announced oily water separator violations in the US-Hawaii box trade
- MOL scrapping 5 tankers
JAPAN'S top carrier MOL said today it would scrap four VLCCs and one Suezmax tanker by the end of March
- Brace for bulker deliveries
BULKER newbuilding deliveries are set to boom this month, with 135 newly delivered ships already in service, according to Sea-web data
- Ship demolition completed on French beach
THE demolition of TK Bremen, the general cargo ship that ran aground on a Brittany beach in the early hours of 16 December, has been completed
- Seadrill brakes on Brazil
SEADRILL said its plan to spin off and list its Brazilian unit on the Sao Paulo bourse will be delayed a few months
- LNG terminal to be built at Gangavaram
INDIA'S Petronet LNG has decided to site its third terminal at Gangavaram in Andhra Pradesh
- Wilmar buys chemical tankers
SINGAPORE-based palm oil grower Wilmar International has snapped up three chemical tankers
- Precious disposes of ABG newbuilding
PRECIOUS Shipping has sold another ABG Shipyard newbuilding to Singapore-based Global Bulk Carriers, and acquired a secondhand vessel
- Paris picks STX France boss
LAURENT Castaing, port boss at Le Havre, has been appointed general manager of leading French shipbuilder STX France
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| JANUARY 30, 2012 |
- Toll Denies Teamsters' Charge it Underpays Drivers
Toll Global Forwarding dismissed on Monday Teamsters union charges that the logistics company pays its employee drivers in Southern California...
- Crowley Launches LCL Service From Houston to Puerto Rico
Crowley Maritime will launch a new weekly express less-than-containerload service from Houston to Puerto Rico in early February. The...
- Customs Brokers Take Clean Truck Fee Complaints to FMC
Cargo interests and customs brokers complained to the Federal Maritime Commission that trucking companies in Los Angeles-Long Beach are still...
- Long-Haul Trucker YRC to Exit Next-Day Market
YRC Worldwide is proposing changes to its long-haul freight network that will speed shipments and take long-haul carrier YRC out...
- US Exports of Spirits in Sharp Growth Mode
The U.S. liquor industry says big developments in international markets will boost shipments abroad this year after projected exports in...
- DHS's Napolitano Promises More Trade Cooperation
Homeland Security Secretary Janet Napolitano said Monday that security efforts will rely heavily on risk management and information sharing with...
- Public Support Grows for New Detroit-Canada Bridge
Public support for a new bridge between Canada and the U.S. at Detroit is growing, but a $6 million negative...
- Eurotunnel Saw Double-Digit Growth in 2011
Eurotunnel, the operator of the subsea tunnel between France and the U.K., booked double-digit growth in rail freight and truck...
- National Strike Brings Antwerp Port to Standstill
The Port of Antwerp is at a standstill as dockers at Europe's third-largest container port participate in a nationwide 24-hour...
- ABF Freight Parent Posts $6.8 Million Profit for 2011
Trucking operator Arkansas Best returned to profit in 2011, reporting a $6.8 million net profit for the full year, compared...
- Greece's Piraeus Nearly Doubled Container Traffic in 2011
Container shipments at Piraeus nearly doubled in 2011 from the previous year as surging volume at a Cosco Pacific-controlled terminal...
- Hanjin's 2011 Container Losses Hit $487 Million
Hanjin Shipping, the first major carrier to report financial results for 2011, said its container operations lost $487 million last...
- A.P. Moller-Maersk CEO Extends Medical Leave
A.P. Moller-Maersk CEO Nils Smedegaard Andersen is extending his medical leave until the end of the first quarter following heart...
- APL Raises India to Europe, Mediterranean Rates
APL imposed a peak-season surcharge on westbound trade from India to Europe and the Mediterranean, starting Feb. 1. The...
- APL Revenue Dropped on Higher Volume in Late 2011
APL in the last six weeks of 2011 shipped more containers year-over-year, but the carrier's annual revenue by container plunged...
- Indonesian Government Scraps Jakarta Terminal Plan
The Indonesian government's cancellation of a plan to build a container terminal in Jakarta is fueling fears that the country's...
- Amazon's Supply Chain: Delivering Clicks and Bricks
Amazon.com is the biggest thing to hit retailing since Wal-Mart went national. Like Wal-Mart, Amazon is leveraging its size and...
- Sourcing's Home Run
An alteration in trade throughout North and South America over the past few years suggests a growing trend toward "near-sourcing"...
- Union Pacific Sees Domestic Revival
Union Pacific Railroad's pricing leverage may have been strong last year, but it's due to get even stronger in 2012....
- Banking on Logistics
In Cincinnati, logistics is to business what five-way chili is to local cuisine. The Cincinnati area is home to hundreds...
- Absolute Unpredictability
Over the past several years, my wife and I have taken our main vacation time during a two- to three-week...
- Global Trade, Out of Balance
The World Bank's forecast for slowing growth in global trade is landing with a thud across most of the world,...
- Insurance at a Lower Premium
The grounding of the container ship Rena last October and of the cruise ship Costa Contadora this month is fueling...
- Carrier Rate Hopes Are Eastbound
Eastbound trans-Pacific container shipping volume is likely to increase in the low single digits this year, and that will present...
- Excellence in Imports
Entering the Port of Chicago, one pharmaceuticals importer felt as if it were in the movie "Groundhog Day." The shipper...
- Mending A Broken Border
The growth of U.S.-Mexico trade is doing nothing to clear the gridlock at the border. The movement of...
- E-commerce Taxes Retail Competitors
It's long been said the only certainties in life are death and taxes - but not if you buy online....
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| JANUARY 30, 2012 |
- SSA Mexico implements 'Forecast by Tideworks'
SSA Mexico (SSAM) which operates the largest container terminal in Mexico's west coast port of Manzanillo, has installed Tideworks Technology's new customer service ...
- Rena: complex salvage continues
In its daily update, Maritime New Zealand [MNZ] has advised that the McDermott heavy lift helicopter is being readied for container removal operations to retrieve ...
- Shipping reps fear Green Climate Fund will inflict massive costs on industry
Shipping representatives have expressed fears the sector will be unfairly impacted by the newly launched Green Climate Fund (GCF) - with concerns mooted that the ...
- Slumping rates and oil hikes dump Hanjin into the red
South Korea-headquartered Hanjin Shipping plunged dramatically into the red in 2011 following a hike in oil prices and plummeting freight rates. Hanjin's overall ...
- The Swiss dilemma
Switzerland's largest retailer Migros has started experimenting with Italian ports again. Speaking at the Swiss Shippers' Council's annual conference in Interlaken ...
- India: we will not cut back on Iranian oil imports
That was the response from India's finance minister, Pranab Mukherjee, yesterday to questions from reporters in Chicago; despite pressure from the US-led campaign ...
- Belgium general strike shutters ports
Europe's third-biggest port, Antwerp, was at a virtual standstill today as Belgium's unions called the country's first general strike since 1993, to protest at ...
- US GDP picks up pace in Q4, but economy 'needs all the help it can get'
The American economy grew at its fastest pace in almost 18 months, expanding by 2.8% in the final three months of last year, according to provisional figures released ...
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| JANUARY 30, 2012 |
- PRGN shreds Deiulemar deal
US-listed bulker owner poised to pursue legal remedies again Italian operator following collapse of lucrative charter.
- Deiulemar dodges claim
Greek bulker operator ends legal assault against cash-strapped Italian charterer despite successful US arrest.
- Concordia costs escalate
Carnival fires profit warning as surveyors struggle to determine viability and cost of repairing doomed $490m cruiseship.
- STX confirms Hardelay exit
Laurent Castaing returns to French shipbuilder after eight-year hiatus as veteran official heads for the door.
- Lodestar not fantasy football
Plan to set up a new P&I scheme by ripping the heart out of British Marine based on unlawful deception.
- NLNG in cash quest
Bonny Gas Transport parent racing to quench appetite for LNG carriers with help from billion-dollar bankroll, sources claim.
- GMR lost $19m in 14 days
Bankrupt tanker owner continues to rack up red ink having entered Chapter 11 protection.
- Fesco grows volumes
Busier fourth quarter turns last year's cargo figures positive for Russian container line.
- SinOceanic eyes bond boost
Jan Haakon Pettersen-led containership owner joins Oslo bond rush in a bid to raise $220m for newbuildings.
- New bulker low in sight
Baltic Dry Index is now just 39 points from its post-Lehman pit of 663.
- Strike bleeding Antwerp
Action costing Belgian port $1.3m per hour in lost revenue as container terminals shut down.
- Buyers stay away
Chinese New Year holidays blamed for lack of inspections of Sanko supramax in Japan.
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| JANUARY 30, 2012 |
- TRB takeaways and birthdays
- Shippers see TP roll-up, rates falling
- COSCO, Hanjin and UASC switch to Maersk
- Coast Guard reopens Tennessee River
- TNT starts pharma transport service
- Savi launches mobile tracking system
- RedPrairie names Juliano president
- RichLand-LSP names Wall managing director
- Zilles leads DB Schenker's intermodal
- Court holds up APMT Lazaro terminal
- Houston Port Authority considers interim CEO
- Hanjin liner lost $474 million in 2011
- Horizon pays environmental fine
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| JANUARY 30, 2012 |
- Mixed price movements in Fujairah market
Middle East prices lack direction.
- Black carbon definition proposed to IMO meeting
Submission also gives advise on measurement methods to help work on reducing impact of BC emissions from shipping in the Arctic.
- Call for 0.10% sulphur limit to be delayed
Cruise ships and passenger ferries should be given more time to prepare.
- Rotterdam market softens
'Quiet market' in north European hub.
- Troubled tanker operator could struggle to procure fuel
Broker says bunker suppliers are 'starting to avoid BLT.'
- Losses widen for South Korea's largest container carrier
'Hike in oil prices' and uncertainty in major economies mean difficult year ahead.
- LNG cost implications unclear
'We still have to sort out the commercial side of things,' says naval architect.
- IMO endorses advise on Bunkers Convention, CLC certificates
Vessels over 1,000 gt advised to get bunkers convention certificate in addition to CLC certificate, says INTERTANKO.
- Harsh weather postpones debunkering of Costa Concordia
Smit Salvage to complete preparations and commence fuel removal ops when weather permits.
- IFO prices falling in Asia as week starts
Mixed demand at key Asian bunker hubs on Monday.
- Bonded bunker volumes in Kochi to increase
Kochi has 'operational advantages.'
- Sri Lankan oil ministry to cancel six bunker permits
Only four bunker licensees 'had performed services properly,' the ministry said.
- Aegean ratings downgraded
Investment research firm lowers Aegean's rating to 'underperform.'
- Japanese technology firm unveils concept ship design
Vessel able to achieve fuel savings of more than 40% and significantly reduce harmful emissions.
- Ceylon Petroleum in talks to re-enter bunkering
Discussions underway between CPC and Ministry of Petroleum & Petroleum Resources Development.
- Bunker removal operations begin on bulker
More than 1,000 mt of heavy fuel oil and a 'small quantity' of MDO on board the stranded vessel, says NYK Line.
- US bunker supplier posts higher 2011 earnings
Helped by increased margins and sales volumes in its bunker and heavy fuels businesses.
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