|SEPTEMBER 11, 2013|
- Hong Kong's first half container volume falls 8pc to 10.7 million TEU
- Hapag first with one-week US$500/TEU A-E rate hike before Golden Week
- China's August exports exceeds forecast, shows signs of steadier growth
- Global Port Tracker finds US retailers stocking up for holiday season
- Shenzhen reaches deep into China to funnel cargo from its distant dry ports
- Drewry: Carrier reliability falls to 70pc from 72pc in second quarter
- Panama Canal talks tolls, expansion progress with Japanese car carriers
- Sichuan to spend US$16.34 billion on road infrastructure in 2013
- MCC, Singapore-based Maersk intra-Asia feeder, looks to limit services
- European Maritime Safety Agency to switch to latest RuleCheck system
- Yangtze River Express shifts flights from Luxembourg to Amsterdam
- SF Express courier starts Kunming, Guangzhou, Nantong cargo flights
- Safer landings by 'going around' could save lives, say air safety experts
|SEPTEMBER 10, 2013|
- Allcargo stuffs its highest number of export consol boxes out of Nhava Sheva in Aug. 2013
- London retains position as leading global maritime centre
- China's Ministry of Communication delegation visits Mumbai Port
- KPT adjudged 'Major Port of the Year' for fourth year running
- Mumbai Port welcomes Thai business delegation
- Nine bids for building new NMPT berth
- Air cargo volume attains two-year high in July
- Rlys freight earnings up by 8.86 pc in April-August 2013
- DGAD asks Centre to impose anti-dumping duty on bulk drug from EU
- Infra lending may take a hit on fears of bad debts
- INR extends gains against dollar
- Shippers welcome RBI measures on managing forex risk
|SEPTEMBER 11, 2013|
- France defers "ecotaxe" until January
- Yangtze River Express launches Schiphol services
- Raben Group opens new logistics centre in Poland
- GB Railfreight expands fleet
- South Sudanese airline starts flying to Khartoum
- Gruber Logistics scoops up Intertransport Hohnholz
- Danish transport sector can and wants to reduce CO2
- K Line invests in next generation car carriers
- NOL Group enlarges board
- New Coyne Airways MD sets sights on expansion
- Post Nord integrates logistics activities under one brand
- US National Gateway completes phase one clearance
- Liberia storms ahead on MLC certification
- Italienisch-schweizerischer UKV Basel-Mailand
- Transporeon welcomes new team members in France
|SEPTEMBER 10, 2013|
- Scotland's Craig Group orders six newbuilds in Spain
- Chinese yard lays keel of PSV for Nigeria's Pheranzy
- USCG investigates drifting barge incident
- Incat starts construction of 70 m, 30 knot crew boat
|SEPTEMBER 10, 2013|
- Sea-Tac Airport in line for new automated exit lane gear
- Coast Guard crews rescue woman who jumped from ferry WENATCHEE
- Public input sought for Burgerville restaurant at PDX
- Over $100 million set for Port Metro Vancouver upgrades
- Taiwan Feed Industry Association inks MOU with US Grains Council
|SEPTEMBER 10, 2013|
- Corinth Canal lifts profit estimates for 2013
Greek waterway company turns a corner after end of Sea Containers era
- Two more Greek ferry lines anchored in red
Anek and NEL join the ranks of first-half loss-makers, though results improve year on year
- UK flag growth 'disappointing', admits transport minister
Ship register needs growth to boost employment and nation's global standing
- Changing faces
Freight forwarder Allport Cargo Services is looking to eCommerce and new markets for future growth
- World Fleet Update - August 2013
Flood of containership newbuildings continues, but scrapping is stymied by falling rates
- US import box volumes forecast to rise 5.1% this month
Retailers' inventory building is said to be making up for slow imports earlier in the year
- Owners should make optimal fleet size a priority
Conference speakers disagree on what is ideal number of vessels
- German owners with a solid business plan can still tap liquidity
NIBC Bank's director of shipping tells Hamburg conference that there are options available
- Lloyd Fonds chief looks to innovation to woo Germany's small investors
KG houses are not out of a job but the entire niche industry will need fresh thinking, says Teichert
- Panamax deployment on intra-Asia trade levels off
Conference told vessel levels on this route have reached saturation point
- German owners denied bank funding could find Oslo attractive
Norway's bond market is straightforward to access and requires less documentation than New York, Hamburg conference told
- Illegal bunkering in Nigeria 'shameful'
Unsafe transfers causing oil spills involve global fleet, LISW seminar is told
- Maersk Line shows its rivals a clean pair of heels
Danish line bucks the trend as most other carriers announce losses
- Panalpina takes a step forward
Forwarder outperforms the market in terms of ocean freight volume growth
- Trade Route Intelligence: Sea change
Container lines have reduced capacity on the North America-Middle East trade lane.
- Derivatives can protect owners against counterparty risk
Clarksons Securities chief offers solutions to current volatile market
- Decision time for container weighing
TT Club's risk management director Peregrine Storrs-Fox assesses how historians may judge the supply chain industry in the wake of this month's debate at the IMO
- Data Hub: Shipper Sentiment Survey, Americas
New tonnage and trade lane moves cause service disruption
- Bunker Quarterly: Are prices set to rise?
Carriers welcome lower fuel costs in the quarter but unrest in the Middle East is making everyone nervous
- German ship finance seeks a new model
Fresh lenders enter the market as established players admit there has to be change
- Banks need to clarify distinction between court and private sales
Ince & Co partner tells Hamburg conference that each method has pros and cons
- Turkish box port sector could get more European money
EBRD weighs $75m loan to help with construction of deepsea terminal
- Counting the cost
Insurers await deluge of claims from MOL Comfort casualty
- Judge allows Korea Line sale to proceed
Injunction brought by two bidders is thrown out, clearing preferred bidder SM Group to move forward
- Minsheng Leasing revealed as lessor for MSC 18,400 teu newbuildings
Second Chinese lessor places orders in South Korea for European owner
- Too many eggs in too few baskets?
Never in the field of international trade will so much be carried for so many by so few ships, write Mike Garratt and Antonella Teodoro of MDS Transmodal
- China makes its mark in demolition market
While volatile currency exchange rates hit others in south Asia, Chinese buyers push on
- Trade Statistics: North American downturn
Imports into North America decline by 4% in the second quarter
- Reinsurers call for separate wreck removal pillar in XoL contract
Move gains support as costs increase for Costa Concordia and Rena removals
|SEPTEMBER 10, 2013|
- Paragon signals share sale
NASDAQ-listed Paragon Shipping today filed a registration for an offering to fund acquisitions from a company owned by Paragon CEO Michael Bodouroglou
- ULCS orders defy box sector's difficulties
BOX CARRIERS are likely to continue ordering ultra-large container ships despite their difficulties in restoring profitability on long-haul trade
- VLGC rates seen buoyed
VLGC RATES might depart their present softening trend and feel upward pressure in the next two weeks, brokers told Fairplay today
- UK raises training budget
THE UK government has increased money it budgets for seafarer instruction tol support 200 more trainees per year
- Insurance product targets abandonment
A NEW insurance instrument for flag states covering repatriation of abandoned seafarers is merely aimed at taking the pressure off shipowners, critics alleged at a meeting in London today
- China's marine equipment imports rebound
CHINA's marine equipment imports rebounded 16% month-on-month in July to $381M, Beijing said
- Box recovery threatened
A LINER analyst warned today that the surge in orders for ultra-large container ships might prevent full recovery in that sector until after 2015
- Huanghua handling rises
NORTH China's Huanghua comprehensive port area in Hebei Province handled 138,832teu (1.59M tonnes) for the first eight months of 2013
- Ro-pax scheme planned
A RO-PAX service is planned to provide a direct link of Sabah in eastern Malaysia with Palawan in western Philippines
- Bulker arrested in Singapore
TURKISH bulker Reis-G was arrested in Singapore over the weekend by law firm Oon & Bazul, according to records from the admiralty sheriff
- Tanjung aims to raise $5M
MALAYSIA's Tanjung Offshore is aiming to raise about 17M ringgit ($5M) from the private placement of 29
- Drybulk stock rally gathers steam
US-LISTED drybulk equities added to their price resurgence today as rate recovery hopes prevailed among investors
|SEPTEMBER 10, 2013|
- China's Exports Surge
China's export growth last month outstripped most forecasts, with shipments to the U.S. seeing significant expansion. Total exports last month from China increased by 7.1 percent year-on-year, up from 5.1 percent year-over-year growth in July. Outbound shipments of electronics, textiles, toys, apparel and machinery were all more than 6.5 percent higher...
- RoadOne IntermodaLogistics Appoints New Executive Team
Vincent Castagno Mark Pontarelli Larry Cuddy Paul Sullivan RoadOne IntermodaLogistics, an intermodal, distribution and logistics services company, has appointed Larry Cuddy as vice president of commercial strategy and client solutions, Vincent Costagno as vice president of sales, Mark Pontarelli as vice president of agent development and Paul Sullivan as vice president of finance. Cuddy has...
- American Airlines' Cargo Volume Improved 5.7 Percent in August
American Airlines' cargo volume changes year-to-date. Full-size image The parent of American Airlines, AMR Corp., reported August cargo figures for its principal subsidiary, showing an increase to 150,516 million ton miles, up 5.7 percent from 142,458 million ton miles reported in August 2012. For the first eight months of 2013, ton miles dropped...
- CTS: North American Exports to Asia See Largest Drop of 2013
North American exports to Far East Asia Full-size image Containerized exports from North America to Far East Asia experienced a year-over-year dip of 9.3 percent in June 2013, according to data from Container Trades Statistics Ltd. This is the largest decrease in 2013 so far, and the fourth straight month of declines...
- Panama Canal Authority Discusses Tolls for Car Carriers
The Panama Canal Authority presented an analysis of the potential pricing structure for car carriers for the canal.The Panama Canal Authority has met with the Japanese Shipowners Association and several car manufacturers in Japan to discuss the canal's future toll structure. During the meetings, the Panama Canal Authority presented an analysis...
- Survey Warns London at Risk of Losing Shipping Predominance
Big Ben and Westminster Bridge at dusk.London is in danger of losing its position as a global maritime center. Although the city still maintains its predominance in the maritime world, it is at risk of declining influence over the next decade, according to a survey of young shipping professionals. Almost 70 percent...
- EU, Somalia Meet Again to Boost Maritime Security
Members of Somalia's government and the EU met to discuss maritime security.Members from Somalia's government and the European Union have again met to discuss how to strengthen maritime security and economic development in Somalia. The European Naval Force Somalia, also known as Operation Atalanta, hosted the president of Somalia, Hassan Sheikh...
- US Steel Exports 'Below Healthy Levels' in July
U.S. exports of steel year-to-date. Full-size image U.S. steel exports in July totaled 1.087 million tons, rising 2.2 percent from 1.064 million tons in June and 0.3 percent from July 2012, according to government reporting. "[North American Free Trade Agreement] steel demand improved in July compared to June by 6 percent, offsetting declines...
- Spain-South Africa Service to Be Merged With SAECS
Member lines of the Southern Africa Europe Container Service, including Deutsche Afrika-Linien, Maersk Line, Mitsui O.S.K. Lines and Safmarine, have decided to merge the current service with Med-Shuttle/225 Service. The Med-Shuttle/225 Service, operated by Maersk and Safmarine between Algeciras, Spain, and South Africa, on which MOL and DAL participate as slot...
- FREE Webcast: Conquering Export Classification Challenges: A Case Study & Best Practices
Export classification is a complex, layered process, but the obligation of proper declaration falls to the U.S. exporter, and the definition of 'export' is wide, so mastering it is vital. In this webcast, we will examine the challenges of classification in the U.S., the intricacies of the U.S. Export Control...
- Exporting 101 for Small Businesses
Virtually every small business is interested in expanding its customer base. Exporting goods and services provides a tremendous opportunity for small businesses to reach new markets, find more customers and contribute more to the U.S. economy. The International Trade Commission reports that small businesses that exported saw average revenue growth of...
- Charleston Harbor Deepening on Track
CHARLESTON, S.C. - If the necessary approvals are delivered as planned, the Port of Charleston deepening project will be approved in late 2015, and the South Atlantic gateway will have a 50-foot channel five years later. "Clearly, we want it finalized within this decade," James Newsome, president and chief executive officer...
- SUNY Maritime College President Announces Resignation
September 9, 2013: SUNY Maritime College President Rear Admiral Wendi B. Carpenter, USN (Ret.), announced on Friday, September 6, 2013, that she will step down shortly after the completion of Fall semester.Admiral Carpenter has served as President since August 31, 2011, and has decided to step down in order to...
- DHL provides tailor-made logistics solutions to showcase the 2014 Spring collections at Mercedes Benz- Fashion Week
DHL global network offers retailers efficient transit times from remote manufacturing locations worldwide E-commerce shipping solutions help designers go global New York, NY, September 9, 2013: As the world's top designers and fashion brands bring their Spring 2014 collections to the runway, DHL returns as the Official Logistics Provider for Mercedes-Benz Fashion Week...
- Avalon Ranked For 2013 Best Places To Work In Insurance
CHICAGO (Monday, September 9th, 2013)- Avalon Risk Management is proud to announce that for the third year in a row, Avalon is being recognized by Business Insurance's 2013 Best Places to Work in Insurance. Business Insurance will reveal the final rankings in a special report in its October 21stissue. Lisa Gelsomino, President/CEO of Avalon commented...
- Transportation Intermediaries Association Announces a New Goal as Part of its Veteran Initiative
Alexandria, VA Sept 9, 2013 TIA is proud to announce an ambitious new goal for its Veteran Initiative program. By the end of 2014, it is the Association's goal to have 100 veterans hired by its members. TIA, starting very early in2013, has been working to help returning and disabled veterans find gainful employment with...
- Container Ship Order Surge to Delay Liner Recovery Beyond 2015
Triple E vessel Majestic Maersk in Ningbo, China.The recent surge in orders for mega-ships risks delaying the recovery in liner shipping beyond 2015, according to industry analyst Alphaliner. The container ship order book has soared to a 14-month high of 3.67 million 20-foot-equivalent units, or 21.5 percent of the existing fleet,...
|SEPTEMBER 10, 2013|
- Senesco seals order
A small US shipyard appears to have firmed up a contract to construct six container barges that will be used to service municipal waste stations controlled by the City of New York.
- Cape rally continues
Capesize bulkers trading in the spot market continued to gain traction Tuesday and many believe rates will remain firm in the foreseeable future.
- Island better off in Q2
Norwegian offshore vessel owner Island Offshore has reported a stronger second quarter thanks to firming spot market rates.
- KDB sets DSME timeline
Korea Development Bank has put a timeframe on its plan to sell its stake in Daewoo Shipbuilding & Marine Engineering (DSME).
- Paragon adds ultras
Paragon Shipping is selling $25m of shares to add two bulker newbuildings to its fleet.
- SCF in for Zvezda
State-owned tanker company Sovcomflot is joining a consortium to buy into Russia's big new Zvezda shipyard.
- Crew stays put
A crew of 16 Ukrainians is refusing to leave a bulker arrested in Cameroon since February until they get their pay.
- CSIC seeks $1.4bn
China Shipbuilding Industry Corp (CSIC) has unveiled plans for a giant fundraiser.
- Bulkers in port smash
A Korean bulker is aground outside Chittagong port in Bangladesh after a collision with another dry cargo vessel.
- UASC to join top table
United Arab Shipping Company's (UASC) recent giant boxship order will propel the company into the big league of containership operators.
- Viking Line hits high
Finland's Viking Line has posted record passenger figures over the summer thanks to its new cruiseferry.
- Turkey's terminal support
The European Bank for Reconstruction and Development (EBRD) is considering investing $75m in a new container terminal in Turkey.
- Unifeeder expands
Denmark's short-sea line Unifeeder is starting a new weekly run from France to Russia.
- Palumbo performs "surgery"
A Grimaldi ro-ro has received a new nose at Palumbo Shipyards in Malta, an operation the yard has called "high naval surgery."
- Siem ties up two
Siem Offshore as entered into charter contracts for a pair of offshore support vessels in Africa.
- Smart to dump coal
South Africa has given the go-ahead for salvors to dump 10,000 tonnes of coal into the sea from the stricken bulker Smart.
- Axis back at Cosco
Axis Offshore, the J Lauritzen and HitecVision joint-venture, has returned to China to order a second floating accommodation unit.
- Ray car carrier aground
A Ray Shipping-owned car carrier is reported to have gone aground off the southern coast of mainland Japan.
- Finland going green
Government provides EUR 30m to shipowners for eco-retrofitting work.
- Somalia warning
Seafarers are being warned that improving conditions off the coast of Somalia could lead to the resumption of piracy attacks.
- Seven eye ENVC
Seven investors have registered to bid for concessions to use the land and infrastructure of struggling Portuguese shipbuilder ENVC.
- Valemax touches bottom
One of Vale's new Valemax Very Large Ore Carriers (VLOC) has reportedly touched bottom at a port in Brazil.
- Five more for Taizhou
China's Taizhou Kouan Shipbuilding has continued to rack up more bulker orders, adding up to 10 ships to its backlog.
- Oceanografia eyes bonds
Oceanografia says it is contemplating a $300m bond issue to help fund the purchase of two large offshore vessels.
- US volumes to grow
US container imports are expected to see a year-on-year growth of 5% in September, a trade body has predicted.
- Turkish bulker held
Singapore's admiralty sheriff has reportedly arrested a second Turkish-owned bulker in as many weeks.
|SEPTEMBER 10, 2013|
- Port of Charleston: Deeper is No. 1 priority
This year the port has seen 300 post-Panamax ships call and port CEO Jim Newsome said once the Panama Canal opens up, he expects the size of "work horse" ships calling the U.S. East Coast to be in the 8,000-10,000 TEU range.
- Spending on demand planning tools to rise
- House lawmakers told FMC's proposed OTI regulation 'burdensome'
NCBFAA official warned FMC's initiative "would - if implemented - significantly increase unnecessary burdens and expense on OTIs, raise significant due process concerns and create needless administrative burdens on the agency's own staff."
- CSX completes first phase of National Gateway
The Jacksonville, Fla.-based railroad said double-stacked intermodal service is now possible between its existing terminal in Chambersburg, Pa., and the new high-tech, intermodal hub in North Baltimore, Ohio.
- Washington Notebook: U.S. Chamber says all states gain from WRDA passage
- TCG, TMW Systems bundle products
- Chinese decision to aid Port of Virginia lumber exports
- Long Beach releases video on Middle Harbor progress
- time:matters adds Amsterdam same-day service
- STB beefs up interchange commitment reporting rules
- Analyst: No impact from HOS rules
- Yusen Logistics opens Jaipur branch in India
- Big August for autos could boost transportation sector
BB&T Capital Markets pointed out that August sales of 16 million vehicles, which has been predicted by J.D. Power & Associates, would represent the largest sales volume in a single month since November 2007.
- Europe introduces inland waterway initiatives
- Executive moves
|SEPTEMBER 10, 2013|
- Middle East tensions trigger rise in bunker hedging
'There has been some scrambling to cover against further rises,' says ship broker.
- IFO price still falling in Fujairah
Mixed price movements in Suez.
- Prices softening across Europe
Wide price-spreads in Rotterdam.
- Hong Kong terminal to suspend bunker operations
Chevron is conducting annual inspection.
- 20% rise in commercial maritime vacancies
Hiring patterns suggest maritime businesses are 'much more positive about the future'.
- Firm seeks patent for LNG bunkering method
Technology seeks to prevent the evaporation of LNG during bunkering.
- More details emerge on tanker auction
Bunkers onboard to be paid for separately.
- India files complaint over tanker's detention
Iranian authorities have 'downgraded' the tanker's alleged deficiencies.
- Asian bunker prices softening
Except in the South Korean port of Busan.
- Government gives cash for scrubbers
Finland to support eco-retrofits on vessels.
- Oil spill response test
Exercise will simulate a response to a collision and oil spill.
- Irving Oil to construct marine terminal
Engineering and design works expected to begin in 2015.
- Titan Petrochemicals: Auditor will not renew its appointment
Ernst & Young to leave appointment as auditor of the firm with effect from September 30, 2013.
- Conglomerate expands operations at Novorossiysk
Launch of new terminal 'an opportunity to gain more revenue', says Delo Group spokesman.
- Frontline 2012 takes delivery of fuel-efficient MR vessel
Front Arrow is the first vessel to be delivered under company's newbuilding programme.