|JANUARY 7, 2013|
- MOL to make Hong Kong boxship base, Singapore for tankers, bulkers
- Seaspan wins hotly contested Yang Ming 10-year charter for 14,100-TEUers
- NYK to stay asset-light, slow steam bulkers like boxships to cut capacity
- 'K' Line to refocus on intra-Asia business, de-emphasises box shipping
- China ends some road tolls, lowers electricity prices to ease cargo flow
- Hubei province's Shijiazhuang Expressway opens to full traffic
- Price-is-right Vietnam aims for 10pc apparel-textile export boost by 2020
- Paragon Shipping raises US$10 million from CEO to shore up listing needs
- German regulator BaFin calls for scrutiny on shipping loan exposure
- Boeing receives US$6 billion order from ACG for a fleet of 737 MAX aircraft
- United starts Los Angeles-Tokyo service using new B787 Dreamliner
- Cessna expands by acquiring Jet Aviation's Zurich and Dusseldorf units
|JANUARY 4, 2013|
- B. K. Mandal assumes additional charge as SCI CMD
- Capt. Klaus-Dieter Giese bids adieu after a glorious voyage of half a century
- Quick Take
- ChPT wants lone bidder to increase revenue share
- Luxury cruise vessel arrested by Kerala High Court at Cochin Port
- Main line container vessel calls at New Mangalore Port
- MoS considering dropping plan to create new regulatory authority encompassing all ports
- SW Rly checks dipping freight earnings
- Forex reserves rise by $39.6 m to $296.578 bn
- Rupee plunges to end below the 55 level
- EPCES, KASEZ organise interaction of EOUs & SEZs
- IFFCOs 10th inter-unit cricket & volleyball tournament concludes
- Albacor Shipping joins forces with BNSF Logistics
- Jenkinson Logistics moves Irish silos to Saudi Arabia
- Nurminen Logistics transports heavy hydro power plant units to Belarus
- SC&RAs Specialized Transportation Symposium 2013 from Feb. 27
|JANUARY 4, 2013|
- Georgia Ports Authority unveils first four electrified cranes
USA-based Georgia Ports Authority (GPA) has unveiled its first four electrified rubber-tired gantry cranes (ERTG), making the GPA the first in North America to introduce this clean...
- Rail sector welcomes Commission's vision for the future of transport and calls for effective implementation
The European Rail Industry (UNIFE), the European Rail Infrastructure Managers (EIM) and the Community of European Railway and Infrastructure Companies (CER) welcome the publication...
- Trains start using second Kazakhstan-China railway crossing
Kazakhstan and China have started to operate a new railway crossing Altynkol (RK) - Khorgos (China). The Kazakh railway JSC NC KTZ completed its part of the Zhetygen-Altynkol railw...
- Gefco launches groupage service between Austria and Croatia
Austrian newspapers have reported that Gefco is stepping up its services in Southeastern Europe by the addition of a new national subsidiary - Zagreb-based Gefco Croatia in Zagreb....
- Alpi Danmark is the new 24plus partner in Denmark
Alpi Danmark A/S became the new 24plus partner for Denmark on 1 January 2013. The firm, based in Herning (Jutland), replaces the former Denmark partner Leman International ab. Alpi...
- Management change at Renault Trucks
The Volvo Group has made another change to its management. After Thomas Maurer took over responsibility for the Volvo Trucks and Renault Truck brands in Germany, Austria and Switze...
- BLG changes board of management
The German service provider BLG Logistics has announced that Andreas Wellbrock will assume responsibility for the contract logistics division and Michael Blach will represent the a...
- Swisslog introduces new board structure
Swisslog, a global supplier of integrated logistics solutions, reported that its chairman Hans Ziegler became head of the executive committee (EC) on 1 January 2013. In addition to...
- RZD representatives join Gefco supervisory board
Representatives of JSC Russian Railways (RZD) have now joined the supervisory board of logistics operator Gefco. The RZD president, Vladimir Yakunin, has been elected chairman of G...
- Private Pakistani carrier connects Riyadh
On 1 January 2013, the Karachi (Pakistan)-based carrier Shaheen Air launched three new services to the Saudi Arabian capital Riyadh. Using an Airbus A330-300 aircraft, the airline ...
- "Aeroscraft" completed
The US engineering company Aeros has completed its "Aeroscraft" proof-of-design prototype, the world's first rigid variable buoyancy air vehicle (see ITJ 49-52/2012, Heav...
- New intermodal platform for Liege airport
The European Union is granting EUR 1 million from the TEN-T programme to support a series of studies that will lead to the realisation of an intermodal platform at Liege airport (B...
- Trans-o-Flex raises prices by 5.5% in 2013
The express delivery service provider Trans-o-Flex has raised its 2013 prices by around 5.5% compared to 2012. Oliver Rupps, managing director of the Trans-o-Flex Logistics Group, ...
- BNSF Logistics acquires EP Team Inc.
BNSF Logistics LLC, a US-based third party logistics provider has acquired EP Team Inc, a privately held global logistics project cargo provider. EP Team is based in Flower Mound T...
- United Shipping Inc has new partner in Qatar
United Shipping Inc (USI), a worldwide association of independently owned freight forwarders and customs brokers with over 135 partner companies and 375 offices, has selected Evolu...
|JANUARY 4, 2013|
- W&T Offshore to pay $1 million in CWA case
- Latest subsea-support vessel joins Vroon Offshore fleet
- Frontline 2012 said to ink LOIs for bulker newbuilds
- BIMCO looks at challenges ahead
- Schuster to Chair House T&I Committee
|JANUARY 4, 2013|
- Trade between NAFTA partners climbs during month of October
- Panalpina taps Stefan Karlen as CEO for Asia Pacific region
- Corps calling for public input on power project permit application
- US rail freight traffic posts gains during week
- Coast Guard teams seize $29 million worth of cocaine
|JANUARY 4, 2013|
- Ice-class aframax owners seek to increase Baltic Sea rates
Market hopes for cold snap to improve earnings after last year's ice-season thaw
- OSG lines up debtor financing
Chinese and Danish secured lenders back proposed $25m cash shot
- After the goldrush
LNG fleet on course for falling utilisation levels as new tonnage outpaces new cargoes
- Lower speeds boost box schedule reliability, say top shippers
Boots and Asda say they benefit from slow-steaming strategy
- New York investors get to grips with shipping
After a false start, private equity and hedge funds get into their stride
- Project delays could thwart India's plan to boost LNG imports
Double blow for shipowners with Japan's future demand in doubt
- To slow or not to slow
Express container services unlikely to return, despite shippers' grumbles
- Fredriksen to cancel VLCCs in favour of new capesizes
Prospects for dry bulk look better, say experts
- Lauritzen impairment inevitable, says Janholt
Weak dry bulk market set to stay in doldrums in 2013.
- Jakarta judge gives BLT another breather
Court grants a final postponement of creditor vote until March
- Capesize owners hunker down for a quiet January
Iron ore demand holds steady from China, where port stocks are low
- Founder's grandson slams spending strategy at J. Lauritzen
Ole Lauritzen has harsh words for Janholt after shipping group takes a writedown
- Made in America
The US-built requirement of the Jones Act should be waived for Puerto Rico
|JANUARY 4, 2013|
- OSG seeks loan approvals
OVERSEAS Shipholding Group has asked a bankruptcy judge to approve DIP financing and priority claims involving two creditors owed $579M
- 'K' Line to seek growth in Southeast Asia
'K' LINE president and CEO Jiro Asakura said today emerging markets in Southeast Asia offer promise, in contrast with stagnant OECD growth
- Eurotunnel bids for control of Calais, Boulogne
CHANNEL Tunnel operator Eurotunnel has confirmed to Fairplay it is bidding for the concession to manage Calais, the top French passenger port
- STX boss warns Finland
STX BOSS Jeff Roh warned today that if Finland's government does not invest in its yard sector, shipbuilding could leave altogether for STX France
- MOL and NYK intend to cut spot tonnage
MITSUI OSK Lines and Nippon Yusen Kaisha, Japan's two biggest shipping companies, said they aim to reduce spot tonnage to counter drybulk and VLCC overhang
- China's steam coal imports rise to record
CHINA's steam coal imports hit a record high of 14.45M tonnes in November 2012, up 30% from 11.15M tonnes in the previous month, Beijing said
- Port Hedland iron cargoes to China rise 25%
AUSTRALIA'S Port Hedland Port Authority said today its iron ore cargoes to China climbed 25% in December month on month
- SHI looks to offshore
SAMSUNG HI is targeting $13Bn of new orders this year, expecting $10Bn of these to come from the growing offshore sector
- Scots protest cruise checks
A TOURISM lobbyist has reportedly warned that a UK Border Force rule reinterpretation could deter cruise liner business
- BIMCO: eco-ship zeal worsens overhang
SHIPOWNERS' enthusiasm about fuel savings from modern eco-ship designs could worsen the current tonnage overhang, BIMCO has warned
- BLT granted new extension
BLT TOLD Fairplay today it has been granted another 75 days, until 18 March, to complete its debt restructuring
- Transocean to pay $1.4Bn Deepwater fine
OFFSHORE drilling contractor Transocean has agreed to plead guilty and pay $1.4Bn for its part in the fatal Deepwater Horizon rig disaster
- US tax deal lifts project cargo sector
WIND ENERGY tax credits included in legislation passed by Congress on 1 January to avoid the US 'fiscal cliff' will support project cargo imports for at least a year
- STX shipbuilding boss pays price by quitting
STX vice-chairman Lee Jong Chul has resigned from the South Korean conglomerate, less than a month after he was deployed to oversee its shipbuilding business
- Sanctions kill Iran's Asian LPG exports
SANCTIONS against Iran have wiped out LPG exports to Asia
|JANUARY 4, 2013|
- JOC Trucking Employment Index Rises for Third Month
The Journal of Commerce For-Hire Trucking Employment Index rose 0.3 percentage points to 94.2 in December 2012, its highest reading since October 2008, as U.S. employers created 155,000 jobs, about 4,200 of them in trucking. The increase from November was the third straight monthly gain for the index, which dropped slightly...
- Yang Ming to Charter Mega-Ships From Seaspan
Yang Ming Marine Transport Corp. plans to lease up to 10 new mega-ships from Seaspan Corp., Reuters reports. The Taiwanese ocean carrier will charter five of the 14,000-TEU ships for 10 years and has an option on five more, according to spokesman Winsor Huang. The ships, which will have a capacity...
- MOL President Urges Cost Cuts
MOL President Koichi Muto said the Japanese ocean carrier must reduce costs and "shift to a business structure that is not reliant on a recovery in freight rates." In his new year's message to staff, Muto said MOL's bulk business continues to lose money because of overcapacity that has reduced dry...
- Customs Seizes Fake Pharmaceuticals
U.S. Customs and Border Protection officers and import specialists at Miami International Airport intercepted about 181,000 counterfeit pills during the last four months of 2012. In September and December, Customs officers selected two cargo shipments for evaluation, and together with import specialists determined that the cargo, described on the manifests as...
- US Steel Imports Rose in November
U.S. steel imports in November totaled 2.659 million tons, up 2 percent from 2.606 million tons in October and a jump of 25.4 percent from November 2011 volume, according to preliminary government data covered by the American Institute for International Steel. In the first 11 months of 2012, imports were 30.952 million...
- Aluminum Catamarans Target Short-Sea Trade
Former Horizon Lines CEO Chuck Raymond and his partners say they expect to sign contracts and start work this year on aluminum-hull catamarans using a new "cookie-cutter" design for coastwise, short-sea and inland transport. "We call it the marine pickup truck," Raymond said. "It's a standardized, simple design with good flexibility...
- Kamada to Manage Econocaribe's US West Coast Region
Econocaribe has appointed John Kamada as manager of its U.S. West Coast region. In this role, he will be directly responsible for sales and operations in the Pacific region. "John fits in great with the Econocaribe culture and we are confident his FCL experience will be beneficial to the freight forwarders and...
- Hamburg Sud Improves Cutoff Times for Australia-New Zealand Service
Ocean carrier Hamburg Sud is extending cutoff times for its Pacific Southwest service from Los Angeles to Australia and New Zealand, effective immediately. The dry cargo cutoff will be Fridays at 2:30 a.m., and the reefer cargo cutoff will be Fridays at 4:30 p.m. Vessels will depart on Sunday afternoons. The later cutoff...
- JOC Inland Port Logistics Conference 2012
The JOC Inland Port Conference will illustrate to shipper organizations/BCOs how utilizing rail intermodal through inland ports, as part of a North American import or export supply chain, can help achieve meaningful benefit in reducing transportation and fuel costs, reducing supply chain risk, and expanding access to capacity. The event...
- TPM Conference
ith nearly 2000 attendees this past March, 2012, TPM continues to be a must-attend for transportation and logistics professionals in the trans-Pacific market. We are already eagerly planning next year's event. Not only can you expect a significant networking opportunity with your industry colleagues, but also an in-depth look at...
- FDA Proposes New Rules to Bolster Food Safety
The U.S. Food and Drug Administration today proposed two new rules to implement the FDA Food Safety Modernization Act, P.L. 111-353. Under the first proposed rule, makers of food to be sold in the United States, whether produced at a foreign- or domestic-based facility, would be required to develop formal plans...
- NAFTA Surface Trade Rises 7.6 Percent
Surface transportation trade between the U.S. and its North American Free Trade Agreement partners, Canada and Mexico, jumped 7.6 percent year-over-year in October and 9.8 percent from September. Adjusted for inflation and exchange rates, trade in October hit $61.7 billion, in 2004 dollars, according to the Transportation Department. The value of...
- 2012: The Stories of the Year
From labor battles to natural disasters, 2012 was filled with risk for shippers and the companies moving and managing their cargo. Here are the stories that defined the year. THE ILA VS. USMX As 2012 entered its final days, the International Longshoremen's Association was on the verge of its first coastwide strike in...
- Freight-Related Transport, Warehousing Sectors Add 4,900 Jobs
The U.S. freight-related transportation industry and warehouse sector added 4,900 jobs in December from November, while two industries key to volume growth - manufacturing and construction - added 55,000 jobs total. American employers added 155,00 total jobs in December, but the unemployment rate stayed at 7.8 percent, according to seasonally adjusted...
- Shuster Confirmed as T&I Committee Chairman
Rep. Bill Shuster Yesterday, Rep. Bill Shuster, R-Pa., was officially confirmed by the House of Representatives to chair the Committee on Transportation and Infrastructure for the 113th Congress. "Working together, the committee will focus on reforming programs and strengthening America's transportation networks to make us more efficient, competitive, and prosperous," Shuster said...
- SCFI: Asia-Europe Rates Rise Ahead of Scheduled Increases
Asia-Europe rates ticked upward this week, showing support in advance of mid-January general rate increases that carriers are aiming for, according to the Friday release of Shanghai Containerized Freight Index data. Shanghai-North Europe rates rose by 4.2 percent or $52 per 20-foot container or TEU to $1,270 this week from $1,218...
- WCI Shows Rise in Westbound Pacific Rates
Backhaul West Coast to Asia rates inched up this week while backhaul rates from Europe to Asia slipped, neither showing much in the way of volatility. The World Container Index Los Angeles-Shanghai rate this week stood at $874 per 40-foot container, up from $841 last week. The rate has fluctuated with...
- Cyberspace Invaders: Defending Your Data
As a general proposition, companies divide their security considerations into physical security (facilities and people), supply chain security (goods) and financial security (internal systems). So, where does cybersecurity fit? The answer is within all three areas. We've all heard about systems being hacked and private information of individuals being compromised from...
- ILA-USMX Labor Negotiations Timeline
The ILA and USMX agreed in late December to a second contract extension, through Feb. 6. The extension averted a threatened East and Gulf coast port strike on Dec. 30. ILA wage-scale delegates had authorized union President Harold Daggett to call a strike if there was no agreement by Dec. 29. Complete...
- Celadon to Buy Rock Leasing and Kelly Logistics
Celadon Trucking Services has agreed to acquire Rock Leasing and Kelly Logistics. The terms and conditions of the transactions were not disclosed. In addition to its dry van business, Warren, Ind.-based Rock Leasing handles temperature-controlled shipments in and out of the Midwest, which enables Celadon to add this service category. Wadley, Ala.-based...
|JANUARY 4, 2013|
- Seaspan poised to seal bumper Yang Ming contract
- Germans keep buying
Despite fears of a new recession this year consumers in Germany kept their purses open in 2012 spending another 2.1% at retailers across the nation.The economic ...
- New COO at Geodis Wilson
Geodis Wilson has appointed Eric Martin-Neuville as the new Chief Operating Officer (COO) and freight board member. He takes over from Fernando Gea who is retiring. ...
- Eighth L-type for Evergreen
This week in South Korea, Taiwanese carrier, Evergreen christened its eighth ship in a series of 20 L-type 8,452 TEU ordered from Samsung Heavy Industries, at a ...
- Shards of light at the end of the European box tunnel
- Jade-Weser-Port faces legal fight over vessel dues
|JANUARY 4, 2013|
- BP trimming tonnage?
Hellenic Tankers of Greece has been tipped as the buyer of two aframaxes controlled by BP Shipping of the UK.
- OSG closes in on cash
Creditors pledge $25m to help bankrupt tanker owner keep head above water.
- Eagle leads dry rally
Some of the biggest names in the bulker game watched their stocks surge in early trading Friday with many experiencing double-digit gains on the heels of heavy trading.
- Allied under fire
A legal battle between World Fuel Services and an insolvent Greek bulker operator is brewing in the Southern District of Florida.
- Isacson steps down at Gard
The insurance executive who has headed the Gard insurance group for the last 11 years is stepping down from this weekend with an interim management team taking over while he is on medical leave.
- Berge bags VLOC quartet
Berge Bulk has swooped on four distressed VLOCs which Nobu Su's TMT has been unable to pay for, brokers say.
- Big bulkers in demand
Capesize and panamax bulkers saw a sharp rise in sale and purchase activity during 2012, according to RS Platou.
- Bond purse for Prosafe
Oslo-listed offshore firm gets away $90m issue as market remains a happy hunting ground.
- Union offers bail out
A loan to enable financially troubled Mumbai based tanker owner Pratibha Shipping to scrap or sell vessels for further trading is to be offered by the National Union of Seafarers of India.
- Kudo's cape hope
NYK president Yasumi Kudo has expressed hope for an improvement in the capesize market from the second half of this year.
- Muto fights MOL fire
Koichi Muto has pledged to lead from the front as Mitsui OSK Lines looks to wriggle away from the red in the year of the snake.
- Shipping Soothsayers
Crystal balls have never been the most reliable of forecasting tools but TradeWinds found quite a few takers when it asked industry leaders to divine the outlook for the New Year.
- Support for cape spree
Arctic Securities has offered its support to John Fredriksen's capesize newbuilding splash which looks set to take Frontline 2012 into the dry-cargo sector.
- Happier New Year for K Line
K-Line painted an improving picture for the world economy, the shipping industry and its own balance sheet today.
- Buying in bulk
TradeWinds digests the digits making the headlines this week.
- Smit to salve Kulluk
Smit has been enlisted to salve the grounded rig Kulluk off Sitkalidak Island, near Alaska's Kodiak Island.
- Libertad ordered free
The Hamburg-based International Tribunal for the Law of the Sea has decreed that authorities in Ghana are to immediately release the arrested Argentianian naval training ship Libertad (built 1950).
- Seanergy offloads BET
Seanergy Maritime Holdings has completed its exit of the capesize sector by selling its subsidiary Bulk Energy Transport to affiliates of its largest shareholder.
|JANUARY 4, 2013|
- Schuster takes helm of House T&I Committee
- Fake Viagra intercepted at Miami airport
- Yang Ming, Seaspan in deal for up to 10 ships
The 14,000-TEU ships, to be built by Hyundai Heavy Industries, will have a fuel-efficient design, and are expected to be used in the Asia-Europe trade. The deal will initially involve five vessels, with an option for five more.
- APL, Hamburg Süd disengage on WC Latin America
- Textainer buys more containers
The lessor has acquired 24,000 TEUs in standard dry containers from the fleet it manages for about $32.6 million, increasing the percentage of its owned assets to 72 percent from 59 percent at the start of 2012.
- IAG Cargo announces new route
- Russian carrier adds third Boeing freighter
- RLJ Cos. acquires R. Thompson Trucking
- Freight Wing introduces intermodal truck skirts
- Merged transatlantic trade group formally opens
The Transatlantic Business Council has been set up to advocate for a comprehensive EU-U.S. economic agreement that further liberalizes trade and investment and promotes greater regulatory and standards convergence.
- U.S. steel imports up 2% in November
- 'Disruptive innovations' cloud IT security
A new report has highlighted the growing threats to critical information from what it dubbed "disruptive innovations" like cloud computing, social media technologies, enterprise mobility and big data analytics.
- Port Everglades promotes Anderton to planning
- Former FAA administrator joins A4A
- Executive move at Purfresh
- Regional Asia chief departs Panalpina
- TSD names Berry VP business development
- Sluggish air cargo activity ahead in 2013
|JANUARY 4, 2013|
- Bunker prices in the Americas end week firm
Bunker demand in Los Angeles was said to be 'light to medium'.
- Update: Kulluk grounding incident
Department of Environmental Conservation says crews are ready to respond if any fuel is spilled.
- New cruise ship calls to boost business for Houston suppliers
'As long as the port stays competitive for pricing and is bringing in vessels, then things will look bright.'
- Oil fluctates as US jobless numbers decline
Payroll numbers stronger than expected while large build in gasoline and distillates put a lid on oil prices.
- Slow steaming 'is sub-optimal'
Study suggests that, overall, slow steaming adds to supply chain costs.
- Fuel oil demand up at Japanese power company
TEPCO's inventories expected to rise in January.
- IFO prices climbing in Fujairah
South African prices lack direction.
- Bunker markets firm as week closes
Good demand in Gibraltar.
- Khalifa port officially opens for business
Project is landmark in UAE economic development.
- New role for Stirling
Joins WFS after two decades with DNVPS.
- New trader for Trefoil
'Extra hands and knowledge are more than welcome,' says group CEO.
- Bunker prices firm at end of first week of 2013
In Singapore, benchmark 380 cSt bunker fuel jumped $7.00 to average $626.00 pmt.
- Bulk operator says 'market rules are being destroyed'
By 'tonnage oversupply, high bunker price[s] and lack of sentiment for recovery'.
- Unpaid bills spark Singapore arrests
Two Singapore bunker companies make arrests over outstanding sums.
- BLT secures another extension to debt moratorium
The hearing before the Central Court of Jakarta has been pushed from January 2 to March 18.
- MOL anticipates more losses
Exposure of 'free tonnages' and high bunker prices blamed for poor results.
- Vessel detained for smuggling diesel oil
Diesel oil worth $1.18 million found in eight tanks onboard the vessel.
- Shares of listed bunker firms begin 2013 higher
Stocks of listed bunker firms mostly mixed in 2012.
- German shipbuilder delivers 'eco' LNG tanker
Vessel is 'a new type of gas tanker' which is equipped with dual-fuel engine.