|SEPTEMBER 2, 2013|
- OOCL increases Europe-to-Asia rate US$200/TEU, $300/FEU from October 1
- OOCL Thamesport-Southampton switch brings new ships to GAX, GMX, PAX
- UASC orders 14,000- 18,000-TEUers from Hyundai Heavy for US$2 million
- Guangdong aims at a high-speed rail covering all its cities by 2020
- China's logistics business value climbs 9.3pc in first seven months
- Grand Alliance GAX loop puts in at Port Everglades after cutting Miami
- China, Mongolia and Russia sign deal on cross-border rail enterprise
- Mexico strives to boost trade ties with Asia, especially China
- OOCL hikes south Asia-Oz rate US$250/TEU, $500/FEU on October 1
- Thai exports slide 1.48pc, prompting slashed growth projections
- DHL expands Indonesia, launchings operations in Manado and Palembang
- Global Logistics Properties leases 32,000sq metres to Yunda in Suzhou
- Mexican factory July exports up 0.03pc as consumer imports decline 1.69pc
- Russia's Global Container Services brings Asian CKD autos to Black Sea
- Hellmann Worldwide Logistics joins UK Pallets for Euro distribution
- Qantas back in black as profit doubles and international losses fall
- Brazil regulator fines AA and Alitalia US$127 million for price-fixing
- National Air Cargo accepts US$1 million incentive, leaves NY for Orlando
- IAG Cargo opens 5 temp control stations 5 Latin American countries
- Hong Kong Awards for eco-excellence bestows Wastewi$e Label on AAT
|AUGUST 30, 2013|
- Antwerp Port President Marc Van Peel to be Chief Guest at MALA 2013
- CMA CGM net profit up in second quarter
- Committee against MoS proposal to hand over profitable waterways to pvt. firms
- Ghost bookings, cargo no-shows remain problems for carriers
- IMO Secretary-General welcomes entry into force of Maritime Labour Convention
- Keel Logistics makes 'light work' of very heavy cargo movement
- Lending to shipping sector seen turning the corner
- Guar gum exports on the rise
- Wheat exports may top 1 mt on record plunge in INR
- Maharashtra Chief Secretary participates in infrastructure augmentation meeting at JN Port
- Major Ports to add 220 mt capacity through 43 projects
- Seminar on social responsibility organised at Mundra Port
- Currency swap arrangements may help : Sharma
- Forex reserves plunge by $ 1.085 bn to $ 277.72 bn
- Gold import tariff value hiked to $461/10 gm
- INR recovers in last two days to end week at 65.71
- MACCIA's FTP seminar on Sept. 3
- GPLN member handles cable drums
- Kübler Spedition crosses city with very high oil rig components
- Port of Virginia achieves new break-bulk high
- US-based Albacor Shipping goes pink with heavy transformer
|SEPTEMBER 2, 2013|
- Eco-tax in France from 1 October
- Truck tolls in Latvia too
- Indian railways to use more unconventional fuel
- DSV acquires SBS Worldwide Holdings Ltd
- Norwegian Air Shuttle to start Oslo Dreamliner operation
- DB Schenker receives key to new headquarters
- TNT Express reorganising senior management
- DP World Manila orders Liebherr equipment
- JAL changes cargo surcharge
- High-speed trains - boom over the zenith
- C.H. Robinson Worldwide completes Apreo acquisition
- CEO of Swissport Geneva appointed
- Bessere Bedingungen an Bord
- Cameroon Airlines Corporation adds Abidjan flights
- Zim posts loss in second quarter
- From Arvato to DHL
|AUGUST 30, 2013|
- Everett port board to vote on Mukilteo Tank Farm nod
- Fire breaks out onboard Maersk Line container ship
- Seattle artist's work on display at Portland International Airport
- Oregon, Washinton governors announce Columbia Crossing deal
- U.S. rail freight traffic rolls to positive side for week
|AUGUST 30, 2013|
- Exmar to build FLNG near Kitimat in BC
BELGIAN gas carrier operator Exmar has signed a deal with Houston's LNG Partners to build and operate a FLNG plant in British Columbia. Under Exmar's letter of intent, the floating production, liquefaction and storage unit would be built near ...
- Ningbo Marine sharply cuts losses in 1H
- Seoul ups offshore aid by up to $45Bn
- CSSC gains $16.22Bn credit line
- Japan's imports of Iranian crude rebound
- Tanjung Offshore reverses to profits
- JES signs loan deal
- Capesize correction seen
- Asian Panamaxes strengthen
|AUGUST 30, 2013|
- How will the "Trucking Renaissance" Impact Shippers?
JOC Senior Editor Bill Cassidy discusses the trucking industry's increased focus on sustainable profitability, tightening of capacity and other factors contributing to a trucking renaissance. Bill Cassidy will expand his coverage of this topic on a panel at the upcoming Inland Distribution Conference. For more information or to register, click here....
- ILWU Pulls Out of AFL-CIO
Fed up with a perceived lack of support from the AFL-CIO during its many recent jurisdictional disputes, one of the organization's most powerful members, the International Longshore and Warehouse Union, is pulling out of the umbrella labor organization. "It is with regret but resolve that we have come to the point...
- ILWU to Appeal Decision on Portland Reefer Container Jobs
The International Longshore and Warehouse Union will take to a federal appellate court its jurisdictional battle over the handling of refrigerated containers at the Port of Portland, the ILWU stated in a press release. The union was responding to a decision Aug. 28 by a National Labor Relations Board administrative law...
- CEVA Opens Miami Health Care Cold Chain Hub
CEVA Logistics has opened a new health care cold chain hub in Miami, Fla., in part to serve the Latin American market. The supply chain management company said it has opened a Good Distribution Practice-compliant and FDA-approved warehouse for the storage, merge-in-transit and repacking of health care products, including pharmaceutical and...
- CSCL Narrows Loss Slightly on Increased Revenue
China Shipping Container Lines' loss shrank 1.8 percent year-over-year, to RMB 1.3 billion (approximately US$205.6 million), in the first half of 2013. The shipping company's revenues rose 3.5 percent compared with the same period last year, to RMB 15.9 billion, according to its newly released interim results. CSCL's volume was down 1.6...
- ILA, USMX Rescind Sept. 16 Chassis Warning
The International Longshoremen's Association said it has dropped plans for mid-September enforcement of a contract provision allowing the union to refuse to handle chassis pool equipment that is maintained or repaired in port areas by non-ILA workers. The ILA and United State Maritime Alliance had warned in an Aug. 6 letter...
- New Reefer Rail Service Highlights Growing Niche
A rendering of McKay TransCold's refrigerated boxcar service that launches early next year.That BNSF Railway refrigerated boxcar trains will begin hauling eggs next year is just another sign of just how far reefer train service has come and the awaiting potential. Come first quarter 2014, McKay TransCold will launch two weekly...
- Truck Driving: Still a Dangerous Job [Infographic]
Truck driving is the eighth most dangerous occupation in the U.S., based on fatality rates per 100,000 workers. Truck drivers had a 22.1 fatality rate in 2012, according to preliminary data from the Bureau of Labor Statistics. That compares with workplace fatality rates of 127.9 for lumberjacks, 117 for fishers and 53.4...
- Port Holes
The summer of discontent rocking the ports of Oakland and New York-New Jersey shines a bright light on the fragility of marine terminals in an era of big ships, automation, worker protests and environmental pressures. The embarrassing events also highlight the key role container terminals play in the nation's supply...
- With 3PD, XPO Goes Extra Mile
The acquisition of 3PD Holding by XPO Logistics seems a detour from the fast-growing logistics company's relentless pursuit of truck freight brokerage business. But XPO Chairman and CEO Bradley S. Jacobs says 3PD, a last-mile delivery logistics operator, not only complements XPO's freight brokerage business but will open new routes...
- UPDATE: Maersk Kampala Still Fighting Container Fire
Maersk Kampala in 2007. Photo by Andrew McAlpine, courtesy Maersk Line.The Maersk Kampala, adrift south of the Suez Canal, for a third day was still fighting a fire that broke out in two containers in the foremost bays on its deck. The fire began at approximately 21:00 on Aug. 28 while...
- Mega-Ship Trend Accelerates
Mega-ships are both bane and opportunity for container lines, reducing per-container costs while simultaneously fueling overcapacity that puts pressure on freight rates. Data released by Clarksons this week show how aggressively container carriers and non-operating owners are pursuing larger tonnage in a race to drive down operating costs to remain competitive....
- US Containerized Exports Drop to Two-Year Low
U.S. containerized exports through June 2013. Source: PIERS. Full-size image U.S. containerized exports fell 6.1 percent year-over-year in June, to 925,043 20-foot-equivalent units, according to preliminary figures from PIERS, a JOC sister company. This was the lowest volume seen since June 2011 and the first time volume fell below 1 million TEUs...
- Peak Season Changing for Rail, Truck Carriers
Haven't seen much of a peak season on the highways and rails? You're not alone. Growing evidence suggests the freight surge ahead of the holidays is coming more in the spring for trucking and translating to spikes, not a peak, for intermodal rail carriers. This change in the seasonality of peak...
- Manufacturers Thinking Beyond Environmental Realm
Shippers and third-party logistics providers have embraced numerous strategies to reduce emissions and lower costs in an effort to improve supply chain sustainability. These include carbon mapping, mode shifting, collaborative distribution, routing optimization, use of alternative fuels and hybrid vehicles, and recycling and packaging. Yet emissions reduction is only one part...
|AUGUST 30, 2013|
- Eco uncertainty continues
Shipowners that are racing to place orders for "eco" tonnage in response to high fuel prices and low newbuilding costs may be jumping the gun, according to an analyst at Morgan Stanley.
- Will rate pain persist?
VLCCs trading in the spot market are unlikely to see a significant change in freight rates in early September, shipping researchers told clients Friday.
- Navig8 nails listing
Navig8 Product Tankers has raised a huge $170m ahead of a listing on Oslo's red hot over the counter market after its shares proved way more popular than even the company expected.
- Solvang jumps in Q2
Norwegian gas carrier specialist Solvang booked a huge rise in net earnings in the second quarter.
- The 'seahorse' whisperer
Wall Street legend Wilbur Ross made waves this week when he emerged as one of the architects of an order for a series of ultramax bulkers but many details about the deal are still a mystery.
- Latvian loses less
Latvian Shipping Company (LSC) is still being hampered by write-downs on its tankers, but operating results improved in the first half.
- Maersk looks for exit
Danish giant AP Moller-Maersk is set to sell another asset by cashing in its shareholding in Hoegh Autoliners.
- NYK sheds VL oldie
Nippon Yusen Kaisha (NYK) has reportedly offloaded one of its oldest VLCCs to Thailand's Nathalin Group.
- Etel crew free
Libyan gunmen have left a Ukrainian ro-ro caught up in a dispute over a car cargo.
- Maersk off the top
Maersk Line has vowed to recover its number one reliability rating among boxship owners after falling to third place in the second quarter.
- Rickmers profit sliced
Rickmers Group had its first half earnings chopped by the shipping downturn but still managed to end the period in profit.
- GSI down on sales
Guangzhou Shipyard International (GSI) has reported a huge drop in first half earnings off the back of lower newbuilding orders and prices.
- On Target for order
Greece's Target group has returned to the newbuilding arena with a deal for MRs in Korea.
- HSH loan losses double
German lender HSH Nordbank's loan-loss provisions have more than doubled in the first half as a shipping recovery looks to be at least 18 months away.
- Super Puma ban lifted
Pressure on the North Sea offshore vessel spot market began to ease today after a temporary ban on helicopters was lifted following a crash last week.
- Box split findings delayed
ClassNK will take longer than expected to deliver the findings of its investigation into the sinking of the boxship MOL Comfort.
- SCF profit bashed again
Russian owner Sovcomflot has posted another big drop in profit for 2013, but next year could see the start of a recovery.
- Ocean Marine steps up
Nigeria's Ocean Marine Tankers will be granted national carrier status by the government after snapping up two KOTC tankers.
- HMM ditches bond plan
Hyundai Merchant Marine (HMM) has scrapped plans to sell convertible bonds after opting for an equity fundraiser instead.
- DFDS kills German route
Danish ro-ro owner DFDS is stopping its unprofitable service between Germany and Lithuania.
- Ugland crewman killed
A JJ Ugland crewman has been killed in a fall on a bulker.
- STX yard workers strike
Workers at STX Finland's Rauma yard have walked out after a major order was switched to sister plant Turku.
- Exmar beats out Golar
Exmar looks to have beaten off competition from Golar LNG for the Douglas Channel floating liquefaction barge contract.
- Burning bridges
We take a look at what was said in the market over the past week.
- GPRT interims improve
Goldenport Holdings has seen a sizeable improvement in its first half results for 2013 compared to a year ago.
- JES finalizes funds
Chinese shipbuilder JES International Holdings has finalized a vital cash injection from an undisclosed US private investment firm.
- Hyundai seals UASC deal
Hyundai Heavy Industries has finally put pen to paper on a mega containership order from United Arab Shipping Co (UASC).
- Fire on Maersk boxship
A Maersk Line containership is attempting to extinguish a fire on its upper deck just south of the Suez Canal.
- Basma looks to expand
Bumi Armada is looking to further expand its product portfolio and has set its sights on the well services industry.
- Atwood seals juicy deal
Atwood Oceanics (Atwood) of the US has secured a two-year contract extension for one of its jack-up drilling rigs.
- Collision clogs waterway
Authorities in Argentina appear to be struggling to free a feedership that grounded during a collision with a Greek bulker near the mouth of the Parana River nearly five days ago.
|AUGUST 30, 2013|
- U.S. to consider more rail crude regulations
In an emergency session Friday, the U.S. Federal Railroad Administration's Railroad Safety Advisory Committee met to consider additional safety regulations in the wake of the July Quebec train derailment.
- Texas DOT approves Port Freeport truck corridor
"This will make us and our local partners more competitive in the global market place by allowing containers that were moving to Houston to be delivered here with more cargo inside," Port Freeport's CEO Glenn Carlson said.
- U.S. ag exports forecast to reach $140 billion in 2013
- ITC investigates India's policies against U.S. trade
- L.A. firms fined for illegal ATV imports
- Cargo thieves don't stop for Labor Day
FreightWatch International is expecting increased cargo theft activity over the holdiday weekend, adding that thieves have historically targeted pharmaceuticals and electronics during this time.
- Commerce secretary says 6.4 million jobs linked to exports
- Ex-Im Bank's $1.5 billion financing helps Mexico's oil company
- ILA to vote on local contract in Hampton Roads
- Hyundai fires back at negative Drewry report
Drewry Maritime Equity Research said valuations of the two big South Korean liners indicate they are in poor financial health. However, HMM, part of the giant Hyundai Group, said it was prepared to weather financial adversity.
- AAR: Crude by rail growing
- AMI begins service in Miami
- Old Dominion cracks Fortune's fastest-growing list
- Executive moves
- Chassis threat rescinded
|AUGUST 30, 2013|
- Weekly global market report
A weekly price round up from bunkering hubs around the world.
- Americas fuel prices end week on lower note
Demand was said to be slow in Cartagena on Friday.
- O.W. Bunker launches offshore West Africa operations
Operation will cover Morocco, Mauritania, Senegal and offshore waters down to the Ivory Coast.
- Spanish government to ban bunkering at sea off Gibraltar
Government announces it will change law to ban bunkering at sea in at attempt to protect maritime zones.
- Statoil extends charter for LNG-fuelled vessel
Vessel's dual fuel engines allow it to operate on gas, as well as HFO and MDO.
- TEN-T recommends LNG bunkering projects for funding
TEN-T Call 2012 has selected seven LNG related projects to be recommended for funding.
- 'Eco' design a competitive advantage, says investor
Market should have improved by the time newbuilds are ready.
- Fujairah bunker prices drop
But outlook mixed in South African markets.
- Prices head down across Europe
Piraeus pricing goes against trend.
- Time running out for Danish ferry operator
Company expecting to make full-year loss.
- Danish port to set up 'world's first' biofuel plant to supply ships
Expecting huge demand for sulphur-free fuel made from biomass that it says can be blended with existing marine fuels.
- NOL set on efficiency gains
Company believes there is more to do to save on fuel, after 54% of 2012 savings were bunker-related.
- Bunker prices dip in Asian trade
Improvement in demand noted across most key ports.
- Reports: Ust-Luga players banned from bunkering vessels
Major Russian suppliers seeking to clarify order and requirements for bunkering at the port.
- O.W. Bunker expansion in India 'an important step'
Development a reflection of the firm's commitment towards regional customers, says Managing Director.
- Irish Continental posts lower profits for H1 2013
Firm has benefited from lower fuel costs, says chairman.
- Hellenic Petroleum deeper in red
Firm noted higher international bunkering sales offset lower coastal marine volumes in H1 2013.
- COSCO sharply narrows losses on sell-offs
Company spent RMB1.47 billion less on bunkers in H1 2013.
- Studies: LNG best bunker alternative for bulkers
Conclusion arrived at by three separate research papers.
- Western Ferries showcases fuel efficient newbuilds
Modern car ferries able to produce lower exhaust gas emissions, says spokesman.