|SEPTEMBER 4, 2013|
- September's Asia-Europe GRI holding power in doubt as spot rates drop
- Hong Kong Asset Management orders three 18,000-TEU ships from Daewoo
- CSCL posts US$200 million net loss, little different from last year's
- Idle containership numbers level off at 2.3pc of fleet as peak dawns
- Expert weighs Panama vs Suez for Asian cargo, and impact of mega ships
- Suzhou bonded zone helps Canon nearly halve factory-to-market transit
- Guangzhou might start applying for setting up FTZ later this year
- Jeddah posts 17.9pc increase in first half box volume to 2.3 million TEU
- Grand Kenya box port faces money troubles as well as regional jealousies
- South Sudan road sustains one of the world's worst trading environment
- United Airlines applies to regulators to fly thrice weekly to Chengdu
- Boeing cargo jet sales hit lowest point with only 13 air freighters sold
- Ex-ICAO lawyer blasts UN body for big talk, but little action on air cargo
|SEPTEMBER 3, 2013|
- 'ECU Line, as the global leader in LCL, provides our customers unparalleled services to manage their logistics needs efficiently globally'
- Clarksons posts marginal increase in profit
- GCS adds two more automotive customers to its Novorossiysk operation
- HANSA HEAVY LIFT beats its heaviet cargo handled record within a month
- Security being enhanced after foiled attack on boxship in Suez
- UNCTAD's liner shipping connectivity index sees China, Singapore at the top
- Jan.-July coffee exports decline 4 pc
- CONCOR NWR honours top performers at 17th Annual Awards
- Transworld Terminals to commence CFS operations at Tuticorin
- INR declines further to below 68 on increased dollar demand
- L&T bags INR 1,500-cr. EPC order from Omani company
- Ministry of Trust
|SEPTEMBER 4, 2013|
- GFR purchases CFR Marfa
- Iata sees continued uptick in July cargo results
- Nurminen Logistics in charge of major project delivery to...
- DHL launches day-definite delivery service
- Second quarter down, but July up in Liege
- DHL expands operations in Indonesia
- 20 new DL locomotives for KiwiRail in New Zealand
- RWI/ISL container throughput index increases slightly
- SNTTA Cargo chooses Calogi to deliver online solution
- Ceva and Messaggerie Libri expand logistics collaboration
- USA: 60% of freight transported by trucks
- Die Grenzen der Liberalisierung
- Via Bremen names new managing director
- KR focuses on green-ship equipment
|SEPTEMBER 3, 2013|
- "K" Line orders widest car carriers ever built
- Ocean Rig orders another drillship
- Golden Ocean buys two
- Gladding Hearn delivers 30 m catamaran ferry
|SEPTEMBER 3, 2013|
- Emergency crews continue fight of fire onboard Maersk container ship
- Department of Transportation releases state statistics guide
- Port of Everett backing Wheels on the Waterfont event
- Port of Kalama calling for administration office project bids
- Military Sealift Command relieves medical treatment facility officer
|SEPTEMBER 3, 2013|
- Navios Acquisition takes new product tanker
Tanker arm of Navios Group hails 30th vessel in service
- LNG shipping set for winter boost as Japan shuts nuclear reactors
Longer-term prospects for sector less buoyant, however
- Southampton gets ready for the transatlantic
Port set for November arrivals as GAX, GMX and PAX services shift from Thamesport
- India's woes boost Turkish and Chinese demolition yards
Rupee's weakness against the dollar undermines subcontinent's confidence
- Surge in Asia-Europe box volumes expected in coming weeks
Rush ahead of Chinese holiday period will put carriers in strong position for rate push
- Caribbean aframax rates climb
Market hits highest level since early June
- Hyundai Mipo secures $102m order for three boxships
Unnamed European owner's vessels to be delivered in 2015
- Golden Ocean buys two 2010-built bulkers
Capesize and handymax ships bought in strategic partnership with an unnamed owner
- Icelandic market holds back Eimskip
Line's second-quarter results hit by decline in import volumes and cost of new vessel
- Christen Sveaas seeks to re-list Western Bulk in Oslo
Owner says timing is right to raise funds for growth of dry bulk operator
- China's Bank of Communications Leasing orders 18,400 teu ships at DSME
Deal marks the first time that Chinese lessor has placed orders in South Korea for European owner
- K Line to build four car carriers at two Japanese yards
Vessels will be the widest beam car carriers yet built, shipping giant says
|SEPTEMBER 3, 2013|
- Port of Kapellskär to be expanded for $110M
THE PORT of Kapellskär, located 90km north of the Swedish capital Stockholm, will be expanded over the next two and a half years at a total cost of SK745M ($110M), the municipally-owned Stockholms Hamnar port company said
- IPO to return Western Bulk to Oslo bourse
- Changhang Phoenix's deposits frozen
- VLGC rates soften
- Hanjin tied to VLCC charter
- Golden Ocean buys its first Handysize
- China CSSC warns as profits fall 88%
- Ship sinks after mystery fire
- Russia's Global Ports to take over rival
|SEPTEMBER 3, 2013|
- Mixed Results, Mixed Emotions
Those of us who regularly read shipping industry reports from around the world must endure a mix of emotions when reading the news of the day. Some days, we smile. Others, we may shed a tear. And then there the days of bewilderment. And that was my reaction when reading on...
- US Diesel Prices Jump Nearly 7 Cents
U.S. diesel prices through September 2, 2013 Full-size image U.S. diesel prices climbed in the week of Sept. 2, growing at an accelerated pace compared to increases in the past two weeks, according to the U.S. Energy Information Administration. The national average price is $3.981, up 6.8 cents from last week. During the...
- 'Win' Thurber to Receive 2013 Connie Award
Win Thurber, chairman and CEO of Norton Lilly International, will receive the 2013 Connie Award.The Containerization & Intermodal Institute will present the 2013 Connie Award to H. Winchester "Win" Thurber III, chairman and CEO of Norton Lily International, at the Connie Luncheon on Dec. 9, 2013, at the Metropolitan Room...
- Report: Ship, Container Reliability Fell in Second Quarter
Ship and container reliability decreased in the second quarter of 2013, according to Drewry Maritime Research's recently published quarterly Carrier Performance Insight report. Despite improvements in east-west trade reliability, the average on-time performance of container ships across all trades covered declined to 70.5 percent, down from 72.8 percent in the first...
- Union Pacific Introduces New Technology for Double-Stack Intermodal Trains
Arrowedge has a tapered body that allows air to flow more easily around a double-stack train's top front-most containers.Union Pacific has unveiled Arrowedge, a new employee-designed, pilot technology aimed at reducing fuel and locomotive emissions on double-stack intermodal freight trains. Positioned on top of the first freight container, the 48-foot Arrowedge...
- FREE Webcast: Doing Business in a Changing China
Timed to be held in the run-up to the JOC TPM Asia Conference in Shenzhen, this Webcast will focus on the challenges and opportunities for importers and exporters, and transportation and logistics companies in China, where a combination of slowing growth, a more inward-looking economic strategy, rising costs and new...
- Ports of Indiana names new Public Affairs Manager
Heather Bunning has joined the Ports of Indiana as the new Public Affairs Manager, and will serve as the primary contact for media inquiries related to all three of the state's public ports as well as statewide maritime, foreign-trade zone and multimodal transportation issues. The Ports of Indiana is a statewide...
- Maritime Union 'Not Surprised' by National Labor Relations Board Ruling in ICTSI Case
An Administrative Law Judge for the National Labor Relations Board issued a preliminary decision and recommended order on August 28 that the ILWU is not legally entitled to perform disputed work that is covered by the ILWU's 80-year-old collective bargaining agreement with the union's West Coast employers. The work was...
- Apreo Logistics Announces Name Change to C.H. Robinson
Amsterdam, The Netherlands (Sept. 3, 2013) - C.H. Robinson Worldwide, Inc., one of the world's largest logistics companies, announced today that it has completed the rebranding process of Apreo Logistics S.A., which will continue under the name C.H. Robinson. The rebranding process started after C.H. Robinson acquired the leading Polish...
- Korean Register to supply EMSA with a renewed "RuleCheck" system for port state control inspectors
The Korean Register (KR) - an IACS member classification society - is to supply the European Maritime Safety Agency (EMSA) with a new generation "RuleCheck" system. In 2007, KR won a competitive tender to develop and supply the initial RuleCheck system to EMSA. Based on KR's highly regarded KR-CON system, RuleCheck...
- Top award for London Gateway's Information Technology
London Gateway, London: A unique and highly flexible state-of-the-art datacentre architecture has won DP World London Gateway's Information Technology Team a top award for innovation. London Gateway was named winner of the NetApp Visionary Leadership Innovation Award for 2013 for a data storage and management solution, which provides flexibility, reliability and predictability,...
- Shanghai Yupei, Financial Groups to Invest in 17 Warehouses in China
The Carlyle Group and The Townsend Group have partnered with Shanghai Yupei Group to invest in 17 warehouses in China, representing a combined equity commitment of $400 million. Carlyle, an alternative asset manager, and Townsend, an investment management company, will commit about $200 million to acquire equity interests in five warehouses...
- CargoSmart Hosts Seminars on Canada and Japan Customs Regulations
SAN JOSE, CA - September 3, 2013 - CargoSmart Limited, a leading Software as a Service (SaaS) global shipping and logistics solutions provider, today announced that it will be hosting a seminar series entitled "Compliance Countdown: Prepare for 2014 Advance Filing Requirements." The seminars will inform freight forwarders and non-vessel...
- TNT Thailand joins national seminar on use of technology in logistics Leading provider of integrated express services shares knowledge on employing information technology in logistics to prepare for AEC
Khunthon Siripaiboon, Country ICS Director, TNT Express Worldwide (Thailand) Co. Ltd., receives souvenir for appearing as honoured speaker at the seminar, "The software to enhance logistics process (delivery service) to prepare for the AEC," at which TNT shared knowledge on delivery cost management by employing information technology.TNT Express Worldwide (Thailand)...
- North America's Largest Infrastructure Projects
There's a lot of talk about increasing infrastructure spending, but with local, state and federal agencies involved, it's difficult to determine which projects would bring the biggest bang for the buck. Enter CG/LA Infrastructure. The Washington-based consulting firm in August ranked 100 projects that it says would most help the...
- 'K' Line Orders Four New Ro-Ro Vessels
"K" Line and two shipbuilding companies, Shin Kurushima Dockyard and Japan Marine United, have reached agreements to build four new car carrier vessels. The shipbuilders will each construct two vessels. Delivery of the new ships is expected to take place in 2015 and the first quarter of 2016. "We have appointed two...
- US Reaffirms Equivalence of China's Poultry Processing Inspection Regime
The U.S. Department of Agriculture's Food Safety and Inspection Service has reaffirmed the equivalence of the food safety inspection system for processed poultry in China, enabling the Asian nation to certify plants to export processed poultry product to the United States. Although China has received approval to export processed poultry products...
- IAG Cargo to Launch New London-Austin Route
IAG Cargo's new route will be served by the new Boeing 787 Dreamliner.IAG Cargo will launch a new air cargo route from London Heathrow to Austin, Texas, in March 2014, and will offer an additional export route for the area's expanding technology hub. IAG Cargo, the freight business of British Airways...
- Port of Virginia Handles Record Single-Month Cargo Volume
Full-size image. The Port of Virginia handled 205,137 20-foot-equivalent units in July, setting a new record for single-month cargo volume. Export TEUs in July tallied 106,363, while import TEUs were 98,774, representing year-over-year gains of 12.7 percent and 14.9 percent respectively. Overall volume was up 13.7 percent compared with July 2012. From January to July,...
- Landstar Calls Trucking Market 'Choppy' But Improving
Landstar System expects $680 million to $700 million in revenue in the third quarter, as underlying revenue trends improve despite a "choppy" freight market. That's a tighter range than the $670 million to $715 million in revenue the fourth-largest U.S. truckload carrier forecast for the quarter a few months ago, but...
|SEPTEMBER 3, 2013|
- Mind the gap
Demand for Jones Act product tankers will likely exceed supply over the next three years, a leading Wall Street equity analyst told clients Tuesday.
- Diana Shipping tied to buy
Diana Shipping of Greece has been linked to the acquisition of a kamsarmax bulker that used to trade with bankrupt Italian operator Deiulemar Shipping.
- Six land in lockup
A chemical tanker controlled by Navios Maritime Acquisition Corp of Greece has emerged as one of six vessels detained by US port inspectors in the first half of August.
- FRNT profit jumps
Frontline 2012 booked a big jump in net profit for the second quarter as gains from cancelled newbuildings made up for diving charter rates.
- Novoship profit rises
Russia's Novorossiysk Shipping Company (Novoship) has posted better earnings and revenue figures for the first half of 2013.
- ORIG seals another
George Economou's Ocean Rig (ORIG) has moved for another ultra-deepwater drillship (UDW) at Samsung Heavy Industries.
- NNA wins MR work
Greece's Navios Maritime Acquisition (NNA) has fixed an MR2 newbuilding for six months in a profit-sharing deal.
- Charter joy for Navios
Navios Maritime Partners has clinched a three-year charter for a capesize newbuilding at $19,000 per day.
- Daewoo extends Daehan deal
Loss-making Daehan Shipbuilding of Korea will be managed by compatriot Daewoo Shipbuilding & Marine Engineering (DSME) for another two and a half years.
- Shreyas adds ICTT run
Indian feeder line Shreyas Shipping & Logistics has launched a new run linking east coast ports to the ICTT terminal at Vallarpadam.
- CH Offshore fixes two
CH Offshore has signed bareboat charters for two of its anchor handling tug supply (AHTS) vessels with purchase options for the charterer to buy the vessels at the end of the term.
- Austal earnings soar
Australian shipbuilder Austal's annual profit has been boosted partly by growing work for the US navy.
- Exmar still in
Confusion hangs over the extent of Exmar's involvement in a planned floating LNG project in Canada.
- Four held over sinking
Scottish shipowner Peter Sharp and three others are facing a manslaughter trial in Papua New Guinea over the loss of the Rabaul Queen ferry in 2012.
- Dof takes the money
Dof Subsea is making a NOK 200m ($32.91m) profit from the sale of a new offshore support ship.
- Three for Mipo
Hyundai Mipo Dockyard has bagged a rare order for three boxships from a European owner.
- Yinson reaches 97%
Malaysian FSO group Yinson has clinched its takeover of Fred Olsen Production (FOP) after winning 97% of its shares.
- Golden snaps up bulk duo
Golden Ocean has continued to build up its fleet, this time tapping the secondhand market to buy a capesize and a handysize bulker.
- Zhongchang loss grows
China's Zhongchang Marine has slipped to a bigger first-half loss despite an increase in revenue.
- Haisheng hurt again
China Shipping Haisheng has posted a bigger deficit in the first half of 2013.
- K Line books PCTCs
K Line has ordered four car carrier newbuildings as the Japanese shipowner looks to modernize its fleet.
- Densan bulker arrested
A Turkish owned handymax has reportedly been arrested in Singapore in the first such detention in almost a month.
- OW targets West Africa
OW Bunker has confirmed the launch of a new physical fuel supply operation offshore West Africa.
|SEPTEMBER 3, 2013|
- ILWU quits AFL-CIO as it gears up for contract talks
Just before Labor Day, the International Longshore and Warehouse Union cut formal ties with the AFL-CIO, expressing concern about jurisdictional battles with other unions as it prepares to negotiate a new contract next year.
- COSCO vessel targeted in Suez attack
The 10,062-TEU COSCO Asia was attacked while exiting the north end of the canal with its convoy over the weekend, though the head of the canal authority told the Reuters news agency that no damages or injuries occurred.
- Third time a charm: ILA approves Virginia contract
Meanwhile, a federal judge signed a temporary restraining order last Thursday to get longshoremen at the Wando Welch and North Charleston terminals in Charleston to return to work following a brief walkout.
- 'K' Line orders 4 giant car carriers
The carrier will use the new ships to replace aging tonnage. "It is our estimation that the car transport market and ro/ro cargo market will steadily grow, so we will continue to develop our fleet," a "K" Line executive said.
- CargoSmart to hold advanced filing seminars in Pacific Northwest
- Court dismisses ABF labor complaint
- Hapag-Lloyd to Tango
- US Airways, American get expedited antitrust trial
- MOL Comfort investigation to take more time
- Global Ports to acquire Russian terminal operator
- Evergreen announces transatlantic rate hike
- IAG Cargo to add Austin service in 2014
- Air cargo activity inched up in July
- DHL brings day-definite LTL service to Europe
- Washington Notebook: ITC approves antidumping probe of alloy imports
- Exel Direct rebrands as MXD
- UASC orders 18,000-TEU ships with LNG option
- LLamasoft, ALK partner on truck data
- Pressure on Indonesia to ease ag import restrictions
|SEPTEMBER 3, 2013|
- Mixed price outlook in Fujairah
Softer pricing seen in Cape Town.
- Triple-E vessels to dominate Asia-Europe trade
'In a few years' time ships below 10,000 TEUs will be phased out,' says analyst.
- Prices end day on soft note in Rotterdam
Bunker prices in Piraeus fell in single digits.
- New executive director for Brightoil
There have been a series of personnel changes at Brightoil in the last 12 months.
- Third bunker tanker to auction this week
Auction will complete sale of tanker trio.
- Asian IFO prices slip further
Average to good demand reported in Singapore.
- Container fleet will switch to LNG once 'infrastructure is in place'
DNV to class UASC's 'LNG-ready' containerships.
- Ship arrested in Singapore
Turkish-owned handymax arrested but reasons for doing so remain unclear.
- K Line building fuel-efficient quartet
New ships will be able to transport passenger cars and other types of ro/ro cargoes.
- Bunker supplier seeks arrest of vessel due for demolition
Omega Bunker is claiming $52,000 for marine fuel supplied to the M.V. Meen.
- Vard nets offshore platform deal
Contract secured with newly established Carlotta Offshore Ltd.
- Shin Yang Shipping quarterly profit falls
But pre-tax profits were up, boosted by lower bunker and maintenance costs.
- Grindrod half-year profits down
But marine fuels segment manages volume growth.