|MAY 31, 2012|
- China raises railway freight rate to relieve high fuel and labour costs
- Beijing blasts solar tariffs, says US unfair help violates trade law
- Northeast China opens a new cargo railway for Panjin port
- Canada tables back-to-work bill ending CP strike, CN signs contract
- Cosco's Piraeus port back in black with US$231,250 quarterly profit
- Boxship orders at 9-year low, but yard rates spark owner interest
- Zim opts for Orange Business Services' MPLS network
- Hactl backs EIA study for the third runway at HKIA
- Dragonair hails important move by AAHK in development of third runway
- Dragonair launches Hong Kong to Taichung twice-daily flights
|MAY 30, 2012|
- APL, PIL to launch joint service between Far East & Red Sea
- Bharati Shipyard Q4 results in the red
- CARGOTEC to introduce unique automation capabilities at TOC Europe 2012
- Drewry survey highlights container shipping underperformance
- ICS discusses range of issues at Australia AGM
- It's bargain time in a slowing market, says industry head
- NYK, "K" Line's ultra-deepwater advanced drillship operational
- Ship scrapping on a high, but new tonnage keeps coming in
- South East CEO Conclave & Awards 2012 on July 13 in Chennai
- UASC christens 13,500-TEU vessel at Hamburg port
- Virtual multinational network members meet in the flesh
- APM Terminals Q1 net up 66 pc
- S. R. Kulkarni reappointed to MbPT Board for 55th straight year
- Rlys streamlines revenue sharing clause in PFT policy
- Coir exports surpass INR1,000-cr. mark in 2011-12
- Depreciating INR will not hit India's rating: Moody's
- Vegetable oil import bill likely to rise 20 pc
- Europe's debt fears push Asian currencies down for 4th week
|MAY 30, 2012|
- CMA CGM introduces peak season surcharge
The French carrier CMA CGM Group has decided to implement a USD 350/teu peak season surcharge (PSS) in the trade from Asia to Europe (westbound) as per 1 June 2012. (it)
- Eurotunnel adds additional capacity for Olympic Games in London
Eurotunnel is bringing an additional half shuttle (rake) into service to transport cars between Calais and Folkestone for the forthcoming Olympic Games in London. An additional imp...
- First DAF CF85 assembled in Morocco
The first locally assembled DAF CF85 recently rolled off the production line at CFAO Motors Maroc. This marks the start of the local assembly of DAF trucks by CFAO, which has alrea...
- Istanbul's largest customs office to move
The Halkali customs office on the European side of Istanbul is being moved to Catalca, 70 km away from Istanbul on the side towards Bulgaria and Greece. The Union of Chambers and C...
- New report shows advantages of rail when calculating external costs
A new study has been undertaken by consultants CE Delft, INFRAS and ISI for the International Union of Railways (UIC). The study, which analysed the external costs of transport, ha...
- Panama Canal's proposed toll increases not acceptable by International Chamber of Shipping
The board of the Panama Canal Authority (ACP) has approved a toll increase of 15% in two years, on seven types of large ships, and from 60% to 113% for small vessels passing throug...
- Rudolf Logistik group reshuffles management
Rudolf Logistik Group, a Baunatal (Germany)-based medium-sized enterprise that provides contract logistics services for automobile producers, has reshuffled its management team and...
- Hacis goes for ITFS to speed its road feeder services
Hacis (Hong Kong Air Cargo Industry Services Limited - the road feeder and added-value services arm of Hong Kong Air Cargo Terminals Limited) is equipping all of its air cargo road...
- Schiphol welcomes back Thai Cargo
Amsterdam Airport Schiphol has welcomed the inaugural flight of Thai Cargo's new weekly B747 freighter services. The aircraft - delivered in early May - was escorted to the ramp by...
- Cooperation between Singapore and Tokyo Narita airports
Singapore's Changi Airport Group has signed a memorandum of understanding with Japan's Narita International Airport Corporation (NAA) to intensify collaboration between the two maj...
- Redhead International opens new depot in Bristol
The UK logistics company Redhead International has opened a new depot in Bristol, in southwest England. The company sees the region as a burgeoning market for its tailored services...
- Norbert Dentressangle puts the spark into Vauxhall
Vauxhall Motors Ltd has signed a three-year contract extension with the French transport and logistics service provider Norbert Dentressangle for the overnight distribution of auto...
- DB Schenker Logistics expands in Singapore
The German service provider DB Schenker is setting up its first global solution competence centre outside of Europe. Approximately EUR 3 million will be invested in technology and ...
- Monika Ribar nominated for Swiss board of directors
The Swiss Air Transport Foundation has proposed that Monika Ribar, CEO of the Basel (Switzerland)-based service provider Panalpina World Transport, be appointed to the board ...
|MAY 30, 2012|
- Mitsubishi Heavy Industries and Imabari to cooperate in...
- Troms Offshore Supply takes delivery of newbuild PSV
- AMPOL to store and maintain NRC emergency response equipment
- Lloyd's Register approves DSME ACTIB LNG containment system
- ClassNK passes 200 million gt mark
- Bollinger wins two SCA safety awards
- Miami-based surveyor lied to Coast Guard, faces prison
- Underwater stern tube seal repair avoids drydocking
- Dutch invention prevents towline failure on tugboats
|MAY 30, 2012|
- Canadian Pacific reports on resumption of rail service
- APL Logistics takes home pair of awards from Kellogs
- NYK develops guidelines for vessel response to tsunamis
- Thomas Cropper named president of California Maritime Academy
- Moffatt & Nichol taps Steinke as new Ports Practice leader
|MAY 30, 2012|
- US Gulf discharge delays cause VLCCs to be booked with storage options
Vela continues chartering vessels for Middle East to US voyages
- Posidonia prepares to party despite a sober backdrop
Industry gathers as Greek shipping faces problems at home and abroad
- Eurozone braced for Greek exit
But departure may not be bad for shipping
- A plea for common sense
Reality evaluation may sound complex but it does what it says on the tin
- Greek exit fears mean problems for Paragon
Broker Newedge will no longer touch Greek securities
- Have falling bunker prices halted further slow steaming?
RS Platou reports faster VLCC and boxship sailing speeds in May
- The future is blue
European Maritime Day discussed how best to grasp the economic opportunities presented by the world's oceans
- Charter rates rise for post-panamax boxships
Zim takes 8,400 teu vessel for 12 months at $40,000 a day
- Arctic climate change offers opportunities for shipping
Shipping could replace land-based transport
- Scandlines sells five freight routes to Stena
Weeks of speculation and rumour end with ferry operator confirming focus on passengers
- Twin pressures of weak freight rates and high oil prices keep Zim in the red
Israeli line reports first quarter net loss of $163m
- STX Pan Ocean navigates toward a better second quarter
News that South Korea policy bank could be planning to buy assets from parent buoys major dry bulk operator
- Golar LNG capitalises on rising spot market
Fredriksen company holds about one third of all unchartered vessels in global orderbook
- Shipowners must hold crewing agents accountable
Nearly two-thirds of maritime incidents due to human error, says Skuld
- Miami ship inspector convicted for false statements
Investigation into corrupt inspections fingers Bolivia flag
- Antwerp invests $31m in India strategic alliance
Expanding Essar Ports woos European major
- Anglo-Eastern and Teekay form strategic partnership
Joint shipmanagement unit will oversee 50 of Teekay's crude and products tankers
- Maersk boss confirms focus on four core activities
Nils Andersen says investment will be directed towards offshore and terminals
- Daggett signals possible US east coast industrial action
ILA boss tells members that employers will not back down over automation
- Tanker companies' bad vibes
The tanker market is several years away from any recovery in all sectors
- Opening the door
China's transport ministry edges toward lifting the valemax ban
- East coast unrest
Shipowners and their customers may be well advised to be prepared, should the worst happen and US east coast ports are hit by labour unrest
- Back to basics
P&I clubs pledge their support for a Posidonia that is all about business
- Tan leaves CSSC in government-led reshuffle
Tough times ahead for Chinese shipbuilding giant, warns Hu
- G6 Asia-Black Sea Express makes debut eastbound call at Suez
MOL Performance arrives ahead of schedule
- SinOceanic posts $2.8m first-quarter loss
China's HNA Group will continue support
- Offshore arm weakens DryShips' first quarter
Economou expects five drilling units open next year to deliver winning hand
- China's orderbook shrinks again
Report shows demand falling despite boom in offshore sector
- SCI's higher costs deliver annual loss
Losses in liner business weigh on results
- Golden Ocean reports $13m first-quarter profit
Company faces impairment if Sanko charterparty deal collapses
|MAY 30, 2012|
- Syrian upheaval puts squeeze on box sector
SEARCHES for smuggled arms, rapid insurance price rises and other factors were reported today to be squeezing the box trade to Syria
- Beware 'atomic-device option' by banks
LENDERS might seize tankers continuing to transport Iranian crude when the full EU embargo takes effect a month from now, a Norton Rose lawyer has reportedly warned
- Stena Weco palms JV deal
STENA Weco, the palm oil tanker venture of Stena Bulk and Weco, said it plans a joint venture with Golden Agri-Resources, the world's second-largest palm oil producer
- Seadrill cuts stake to pay for expansion
SEADRILL said today it has sold 300M shares in SapuraKencana Petroleum, the Malaysian oil company, for about $200M
- Stena buys Scandlines routes
GERMAN-Danish ferry operator Scandlines today announced the sale of five freight-heavy ro/pax routes to Sweden's Stena Line
- Zim's losses widen
LOSSES at box liner Zim reportedly widened to $163M in this year's first quarter, from $111M in the first three months of 2011
- Boluda to close last yard
SPAIN'S Boluda has reportedly decided to close its last remaining shipyard, Union Naval Valencia, because of dwindling newbuilding orders
- Russia mulls Arctic transit ship charges
FOREIGN and domestic-flag vessels would need to pay Russia's government for access to Arctic routes under a legislative proposal
- Drybulk congestion rises
WAITING times are again rising at Australian and Brazilian drybulk ports
- BDI falls lowest since early April
THE BDI fell another 26 points to 986 today, hitting its lowest level since early April
- Alpha coal scheme approved by Queensland
INDIA'S GVK Power & Infrastructure has reportedly won environmental approval from Queensland's government for its A$10Bn ($9.9Bn) Alpha coal scheme
- P+S Werften bailout in limbo
BOSSES at Germany's shipyard group P+S Werften are today digesting a delay in their appeal to win at least €10M ($12
- Frontline 2012 shares hailed
PARETO Securities in Oslo has initiated its coverage of Frontline 2012 with an enthusiastic 'buy' rating
- Golar LNG remains bullish
GOLAR LNG, the listed company in the centre of John Fredriksen's LNG business, said today it remains "fundamentally optimistic" about the sector despite a slight drop in 1Q12 net profits
- DryShips deficit mounts
GEORGE Economou-led DryShips has reported larger quarterly losses than expected and a sharp rise in its working capital deficit
|MAY 30, 2012|
- NAFTA Trade Hits Record $85.7 Billion in March
The value of surface transportation trade between the U.S. and Canada and Mexico hit a monthly record in March, topping...
- Higher Volume Drives Up Landstar Revenue
Landstar System says truckload freight volumes are increasing and revenue rising about 10 percent in the second quarter despite a...
- ILWU Clerical Workers Resume Contract Talks
Contract negotiations resumed Tuesday between office clerical workers and waterfront employers in Southern California. It was the first face-to-face meeting...
- Roadrunner Expands LTL Trucking in Northeast
Roadrunner Transportation Systems, one of the fastest-growing U.S. trucking companies, is expanding in the Northeast by opening two terminals. ...
- International Air Cargo Fell 4.5 Percent in April
Global air cargo traffic fell 4.5 percent in April from a year ago, but the market appears to be bottoming...
- Canada's Senate to Vote on Legislation to End CP Strike
Canadian Pacific Railway shippers came a step closer to getting their raw materials and goods moving again after Canada's House...
- Stable Spot Rates Set Stage for Peak Trans-Pacific Surcharges
Eastbound trans-Pacific spot rates held steady this week for the sixth week in a row, as carriers resisted any rate-cutting...
- Antwerp Buys Stake in India's Essar Ports
The Port of Antwerp is acquiring a 4 percent stake in India's Essar Ports in a $44 million investment aimed...
- Zim Loss Widens on Falling Rates, Rising Oil Prices
Israeli ocean carrier Zim Integrated Shipping Services said its first quarter net loss widened to $163 million from $111 million...
|MAY 30, 2012|
- Lomar orders 1,000TEU-class ships
UK-managed Lomar Shipping, which is an operating division of the Greek-controlled Libra Group, sees considerable business opportunities in the smaller containership ...
- Crowley expands its Puerto Rico distribution capacity
Crowley Maritime Corp is significantly expanding its warehousing/distribution capacity in Puerto Rico, justifying its decision on the back of growth in the local ...
- SCCT to benefit from G6 service
Port Said's Suez Canal Container Terminal (SCCT) will see a bounce in its box throughput from the new G6 Asia Black Sea (ABX) service that started calling at the ...
- APM T wins CSCL business on US Gulf Coast
Shanghai-headquartered CSCL is joining CMA CGM's Pacific Express 3 Service as a slot charterer and will therefore utilise APM Terminals' [APM T] container ports ...
- GT Nexus launches new 'Cloud' tools
Oakland, California-based GT Nexus has launched a new module as part of its Cloud platform that takes the 'facebook/linked-in' approach and allows all members involved ...
- Zim Line still in financial trouble
As with most other ocean carriers, Zim Line continued to haemorrhage money in Q1 12, even losing more than in the previous quarter. On the bottom line, USD163 million ...
- Maersk gives up its own ships on trans-Tasman trade
Maersk Line is to withdraw its own tonnage from the trade between Australia and New Zealand and will from July buy slots from MSC and ANL. Currently the Denmark-based ...
- QUBE boosts its Fremantle operations
Sydney-based QUBE Logistics, which offers container depot and freight transport services across Australia, is installing new software at its facilities serving ...
- Eimskip: volumes and costs up in Q1
Icelandic shipping and transport group, Eimskip, has posted EBITDA for the first three months of EUR6.8 [USD8.5] million, versus EUR12.9 [USD16.1] million in the ...
- Spain's retail sales tank
Beleaguered Spain, which infamously holds the top rank for unemployment levels in the eurozone - at 25%, with a staggering 53% of under-25s without ...
- LR, Totempower and Zodiac to investigate wind power
The ongoing need for shipowners/operators to cut fuel consumption and reduce emissions is stimulating considerable debate in the industry while furthering research ...
|MAY 30, 2012|
- Golden scores extension
Golden Ocean clinches charter extension for seasonally employed panamax after taking a razor to daily rate.
- GOGL plots 'spring cleaning'
Cancellations may be on the cards for bulker owner as it prepares to overhaul newbuilding contracts, analyst says.
- Dry twins read last rights
China Shipping readies tombstones after sending another handysize pair to domestic scrap yard for dismantling.
- Wells Fargo spots a bargain
Equity analyst urges investors to keep an eye on DryShips as first-quarter red ink prompts Times Square cold snap.
- Frontline in free-fall
Shares of John Fredriksen-backed tanker giant suffer double-digit drop as Oslo-quoted spinoff takes centre stage.
- Grindrod expects profit hike
South African owner says coal terminal sale will boost earnings this year.
- Nexus needs bondholders
Norwegian company trying to extend loan agreement with investors as it seeks work for FPSO newbuilding.
- Maersk sticks to plan A
Death of legendary owner Maersk Mc-Kinney Moller does not mean a change of strategy at Danish powerhouse, CEO says.
- Canada's lone offender
Bremer Lloyd multipurpose the only vessel detained in Canada last month, with machinery problems.
- Seadrill in selldown
John Fredriksen-led firm cashes in $200m worth of shares to set the scene for further investments in Varia Perdana.
- Samudera sells a pair
Singapore-quoted owner cashes in a couple of bulkers at a shade over book value.
- Golar buy-back a hit
Shipowner's move to pick up one-tenth of its own stock wins applause from the market.
- Shin Yang slows
Malaysian owner and shipbuilder's profit drops in first three quarters despite stronger revenue.
- SinOceanic squeezed in Q1
Interest repayments cost Jan Haakon Pettersen-led containership owner dearly.
- SSS to withdraw charges
Sri Lankan charterer says case against stranded crew who sold scrap metal to raise money will be dismissed.
- Antwerp takes Essar stake
Belgian terminal pumps in $31m as part of alliance with expanding Indian group.
|MAY 30, 2012|
- Peak season or not, planning makes sense
- Home shopping boosts logistics opportunities
A survey it conducted of 1,000 adults about online, catalog, and television shopping found 75 percent of consumers have shopped at home in the last year, and nearly one-third of those make online purchases at least once a month.
- Sedex: Collaboration, ethics grow a supply chain
- Rail strike bill clears Canada's House
A government-appointed arbitrator will work with the railroad and Teamsters Canada Rail Conference, which represents 4,800 striking employees to negotiate a new contract.
- Zim losses widen in 1Q
The Israeli liner carrier saw its first quarter losses widen from the same period in 2011, suffering a net loss of $163 million and more than the $151 million lost in the first three months of 2011.
- Antwerp collaborates to support Indian trade
The Port of Antwerp International will assist Essar with training, port planning, traffic flow, quality and productivity enhancements and is taking a 4 percent share of Essar with an investment of 175 million rupees ($3.1 million).
- DOT shuts down Demco
- NYK's TP volumes rise in April
- ILA president restates automation concern
- Ieri 30 maggio 2012, 8.37.17
- Trade Facilitators adds executive search service
- Air Force eyes public sector supply chain bids
- Troy expands in Savannah
- Swissport names VPs
- Ex-Im Bank continues support for aviation sector
|MAY 30, 2012|
- Mumbai to set up oil spill response centre
Port Trust invites bids to set up oil spill facilities and will announce awarding of contract in July.
- Business and legislators remain divided on sulphur rules
'We regret EU has not taken the views of the European business and industry into account,' say freight forwarders.
- European bunker markets see further losses
Low sulphur product tight in Hamburg.
- Prices still falling in Middle East and African ports
'Lacklustre demand' in Suez.
- Bunker prices offer hope for container line
Falling fuel prices should have 'a positive effect' on Zim's 2012 results.
- LNG cheaper than scrubbers, says study
Payback on investment likely be shorter, says joint study by GL and MAN.
- Bunker prices fall in Asian port hubs
Supplies of bunker fuels fine at key Asian ports on Wednesday.
- UK bunkering firm receives $9.3 million bunker tanker
Lerrix can carry 500 mt of IFO material and 600 mt of MGO.
- High bunker prices support vessel scrapping
Owners of older tonnage will hesitate to take vessels through 'special surveys' if bunker prices remain high, says Golden Ocean.
- Infrastructure needed for Asian LNG bunkering operations
The availability of 'good proven technology' will be a determining factor in introducing LNG bunkering to Asia, says CEO.
- LNG tank technology gets Lloyd's Register approval
LNG system 'will be of particular interest' for wider use including as LNG-as-fuel tanks.
- Offshore marine services firm starts fuel reduction campaign
Bourbon aims to reduce fuel consumption of its fleet by around 15-30%.
- Piracy threatens to impact bunkering ops off Fujairah
Vessels drifting off Fujairah are 'potential sitting ducks' for pirate attacks, says a maritime security specialist.