|SEPTEMBER 13, 2013|
- Zim AME Service adds Ningbo, drops Colombo in Asia-Med loop revision
- Hyundai Merchant Marine opens its first box yard in China at Qingdao
- China Shipping dismisses reports of joining P3 vessel-sharing alliance
- Logistics Prosperity Index rises in August after four months decline
- Tilbury confident of survival as British container port war intensifies
- Exports of hardwood to China from US south resumes after trade ban lifted
- Anger at US$78/TEU cost to shift boxes from Kochi port to CFS halts plan
- Yusen: Small shippers reliable, majors promise more than they deliver
- Hefei river port phase 2 upgrade becomes operational by year's end
- Kazakhstan pipeline drives Xinjiang Korgas Sino steel exports up 43-fold
- Cross-Strait Cold Chain Logistics Seminar closes US$8.6 million in deals
- Moscow's Domodedovo Airport cargo volume up 3.4pc in first 8 months
- Ruslan sees demand from oil, gas, aerospace despite air freight slump
- Coyne Airways appoints managing director to expand into new markets
|SEPTEMBER 12, 2013|
- Evergreen takes delivery of 8,508-TEU vessel under fleet upgrade plan
- MALA 2013 emerges bigger & better
- CIL to import coal for the first time
- Delegation led by MP Somabhai Patel discusses key KPT issues with Shipping Secretary
- Kandla Port obtains 14001:2004 Environmental Management System certificate
- Mundra Port sets new record in coal handling in India
- Plan Panel against tariff authority role in determining Major Port performance standards
- Nine Delhi-Mumbai industrial corridor projects worth INR 1.2 lakh cr. receive approval
- Railways freight loading up 5.11 pc in April-August
- Govt to float tenders for wheat exports from Central pool
- INR Surrenders early gains on fresh dollar demand
- New Indo-Japanese currency swap limit fixed at $50 bn
|SEPTEMBER 13, 2013|
- Ford comes top in US commercial vehicle market
- Yusen Logistics opens new office in Jaipur
- SAECS merges with MedShuttle/225
- Indian Railways hauls 426 million t of freight
- Volga-Dnepr fast tracks oil and gas equipment to Yakutia
- Kellogg's expands with Dentressangle in Germany
- IBIA: Asia tops world's bunker growth
- More airlines join Iata's multilateral eAWB initiative
- Central Freight Lines upgrades fleet
- Sievert takes over Adolf Schuck in Germany
- Erstbesuch in Basel-Mulhouse
- DPD beteiligt sich an Tiramizoo
- Terex to supply STS cranes for Tanjung Priok port
- China Airlines boosting Palau service
- KSPG with change at the top
|SEPTEMBER 12, 2013|
- Helix orders well intervention semi at Jurong
- Harvey Gulf swoops on Abdon Callais Offshore
- Rolls-Royce to design gas turbine system for RN Type 26
- Bergen Group shipyards reborn as NorYards
|SEPTEMBER 12, 2013|
- Everett Port Commissioners Ok Mukilteo Tank Farm transfer
- BTS releases July numbers for transport industry freight tally
- Port association pleased with House progress on seaport bill
- WPPA calling for proposals for branding PNW seaports
- General Dynamics nets orders for pair of new LNG carriers
|SEPTEMBER 12, 2013|
- Asian shippers in U-turn on container weight checks
Industry divided as IMO committee considers compromise proposal
- UK must allow armed guards to train with appropriate firearms
Biggest risk exposure is the 'guy with a gun on the boat', says Shell security chief
- Ultra large boxship orders threaten smaller sectors
As orderbook heads for 3.7m teu, rush for bigger vessels adds to chronic oversupply
- Zim Rotterdam heads for London Gateway
Boxship damaged by fire originally due to berth at Felixstowe, say data sources
- 'Opportunistic' investors prolong overtonnaging
Banks lack shipping expertise to force lines to close, says DVB Bank's Horton-Jansen
- MCA aims to grow UK ship register
Agency responding to criticism about too much regulatory red tape
- APL avoids artificially limiting capacity
Owner tells conference company has reduced fleet in line with the delivery of newbuildings
- Scapa Flow to be assessed as site for floating box terminal
Study prompted by opening up of transarctic shipping routes and new ECA from 2015
- IMO launches bid for sustainable maritime transport system
Move will focus on economic, environmental and social aspects of shipping
- Navios Acquisition eyes more tankers after $100m share issue
Mother company Navios Holdings to take half of the new shares
- Willis launches insurance product linked to labour convention
Offering covers flag states' legal liabilities resulting from crew abandonment
- Leand blasts 'closed' Hamburg shipping scene
But Germans 'vastly more attractive' to investors than Greeks, says New York banker
- Our maritime security - strategic lessons and future prospects
In an exclusive article commissioned by Lloyd's List, the Royal Navy explains its role in the modern world, keeping open international trade lanes that underpin globalisation
- Ethics is the UK's unique selling-point
LISW success will be measured by inward investment gains, Maritime London's Barrow says
- LISW is London's chance to shine
City has been less effective than its rivals in promoting its maritime presence
|SEPTEMBER 12, 2013|
- Korean vehicle exports rise 40% in August
SOUTH Korea's vehicle exports surged almost 40% year-on-year to 230,480 units in August
- Royal Caribbean board bows to pressure
BOARD members of Royal Caribbean will stand for re-election annually, following a vote on the contentious issue at a May shareholders meeting
- Sembcorp wins rig order from Helix
NEW YORK-listed Helix Energy Solutions has ordered a $346M semi-submersible well intervention rig from Singapore's Sembcorp Marine
- Floating armouries boosted
THE BRITISH government has boosted the tactic of maintaining armouries in high-risk waters
- CSCL selling Lianyungang terminal control
SHANGHAI-listed CSCL's terminal operating unit said today it planned to sell its controlling stake in a Lianyungang facility
- CIMC signs new buy-charter deal with MSC
CIMC'S financial leasing arm said in a bourse filing today it had struck the third buy-and-charter deal in its partnership with MSC
- Iranian methanol cargoes to India rise
INDIAN imports of Iranian methanol are rising, as sanctions are preventing the cargoes from reaching Europe and the US, the World Methanol Conference heard today
- Indonesia sets record for coal to India
INDONESIAN coal shipments to India hit a record in July, according to the most recently available shipping data
- US backs fourth LNG export terminal
THE US Department of Energy today approved the LNG export application for Cove Point, Maryland, accelerating its terminal permitting pace
|SEPTEMBER 12, 2013|
- Analysts Slash Growth Forecasts for Asia
Most of Asia's leading economies sailed through the global financial crisis largely unscathed. So the about-turn in the continent's fortunes this year surprised analysts, most of whom have been forced to repeatedly downgrade previously bullish estimates for economic growth. Europe's economic travails, lower global commodity prices, the failure of some countries...
- U.S. Intermodal Traffic Sees Highest Jump in 27 Weeks
U.S. rail volumes through September 7, 2013 Full-size image U.S. intermodal volume for the week ending Sept. 7 climbed 6.7 percent year-over-year, according to the Association of American Railroads. This was the tenth straight year-over-year increase, and the steepest rise since the week of March 2. Combined North American carload volume for the United States,...
- Imminent IPO for UK's 497-Year-Old Royal Mail
The U.K. today unveiled plans to sell a majority of Royal Mail in a stock market flotation expected to value the 497-year-old state postal service at around £3 billion (about US$4.75 billion). The government said an initial public offering on the London Stock Exchange will take place "within weeks," with the...
- Truckload Rates Inch Upward, Intermodal Pricing Flat, Cass Says
U.S. truckload linehaul rates increased only slightly in August, while intermodal rates were essentially flat, according to the latest indices from Cass Information Systems. The Cass Truckload Linehaul Index rose 1.5 percent year-over-year in August and climbed 0.4 percent from July, while the Cass Intermodal Index rose 0.8 percent from a...
- Roadrunner Acquires G.W. Palmer Logistics
Roadrunner Transportation Systems has acquired all of the outstanding equity of G.W. Palmer Logistics for about $2.5 million, plus an earn-out capped at $2.8 million. The acquisition of G.W. Palmer Logistics, a non-asset truckload service provider based in Batesville, Ark., was financed with borrowings under Roadrunner's credit facility. G.W. Palmer is...
- India's Trade Deficit Drops
India's imports and exports through August 2013; year-over-year change Full-size image The value of India's exports jumped 13.0 percent year-over-year in August 2013, according to India's Ministry of Commerce. The trade deficit fell 23 percent from last August to $10.9 billion. "We are in firm positive terrain with exports growing in double digits....
- Obama Taps Jaenichen as Permanent Marad Chief
President Obama on Wednesday tapped the acting administrator of the Maritime Administration to take the reigns of the agency permanently. Paul "Chip" Jaenichen took the helm of Marad in June after David Matsuda stepped down from the post. The presidential nomination request was sent to the Senate for review. The U.S. Merchant...
- US Agriculture Exports on the 'Grow'
The volume of agricultural exports, especially those that move in containers, will be higher in the coming year than they were following the drought of 2012, according to agri-business shippers who addressed the South Carolina International Trade Conference this week. "Agricultural exports as a whole may go up, though the commodities...
- Transforce Shares Begin Trading on OTCQX Market
Montreal, Quebec, September 12, 2013 - TransForce Inc. (TSX: TFI ; OTCQX: TFIFF), a North American leader in the transportation and logistics industry, announces that its common shares began trading today in the United States on OTCQX International Premier, a segment of the OTCQX marketplace, under the symbol "TFIFF." Operated...
- DHL gives efficient cargo handling a boost
DHL Global Forwarding re-launches enhanced version of shipment management tool DHL Interactive (DHLi) IT solution offers convenient booking, tracking and instant reporting on shipments MIAMI, Fla. -September 12, 2013: DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL, has released an enhanced version of its web-based customer platform DHL Interactive (DHLi)....
- Europe Sees Signs of Fragile Recovery
Europe is finally emerging from its longest and deepest postwar recession, but the recovery is far from even across the continent and could yet fizzle out. The eurozone, which accounts for a fifth of the global economy, returned to growth in the second quarter, driven by a revival in exports from...
- Q&A: Missing Goods? How to Prove It
Q: We use a freight broker and made a small shipment with a national less-than-truckload carrier. Unfortunately, the shipment never reached its destination and was lost. We filed a claim with the carrier, but it denied the claim because it never received confirmation from the consignee that the freight never arrived....
- UK Investor Offers to Buy Out Scandlines' Co-Owner
3i has offered to buy out Allianz Capital Partners' 50 percent stake in Scandlines.The U.K. private investor group 3i has offered to buy out its fellow owner of Scandlines following the failure to sell one of Europe biggest roll-on, roll-off shipping companies. The bid for the 50 percent stake held by...
- Drewry Director: Container Trade Balance Unlikely Till 2015
Global container shipping capacity is increasing at twice the rate of demand, according to a Drewry director, and this indicates that equilibrium between supply and demand in the major east-west trade lanes will not be reached until 2015 at the earliest. It also appears that continued downward pressure on freight rates...
- Air France-KLM's Cargo Traffic Drops
French airline Air France and Dutch airline KLM merged in 2004. Source: Capital Photos.Air France-KLM reported its cargo revenue metric-ton-kilometers in August fell 1.3 percent, from 859 million in 2012 to 847 million in 2013. The decrease corresponded with a 0.9 percent increase in monthly available metric-ton-kilometers for the French-Dutch airline,...
- Lufthansa Cargo Volume Down in August
Lufthansa's main European competitors, Air France-KLM and IAG Cargo, also posted freight declines.Lufthansa Cargo reported traffic declined 1.3 percent year-over-year in August, as it prepares to take delivery of its first Boeing 777 freighter in October, followed by a second aircraft in November. The German, all-cargo airline carried 136,000 metric tons...
- US Intermodal Rates Inch Down
Overall index, week of September 9, 2013 Full-size image U.S. intermodal rates fell slightly in the week of Sept. 9, slipping from a 90-day high last week, according to data on all-inclusive 53-foot door-to-door spot pricing quoted by railroads and provided by the 3PL IDS. The overall rate declined $2 this week to $2,032,...
- Sea Star Line Forms Charitable Relationship with the Wounded Warrior Project®, Sponsors Wounded Warrior Project 8K Run
Jacksonville, FL - September 11, 2013 - Sea Star Line, LLC announced that it has forged a new relationship with the Wounded Warrior Project® (WWP) and was a major sponsor for the Wounded Warrior Project 8K Run held on Saturday, Sept. 7 in Jacksonville, Fla. "Sea Star Line is an active partner in...
- More Than 1,000 FedEx APAC Volunteers Contribute During FedEx Cares Week
HONG KONG, September 9, 2013 -FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYS: FDX) and one of the world's largest express transportation companies, will launch its sixth annual FedEx Cares Week in Asia Pacific. From September 7-15, more than 1,000 FedEx volunteers from 11 Asia-Pacific markets, including Australia, mainland...
- The CMA CGM Group celebrates tomorrow its 35th anniversary
35 years ago, on September 13th 1978 in Marseilles, Jacques R. Saadé founded CMA, Compagnie maritime d'affrètement, and launched the first service linking Marseilles, Livourne, Beirut and Latakia. His vision and intuition subsequently led him to extend the company's activities in Asia and the rest of the world. Today, the CMA...
|SEPTEMBER 12, 2013|
- Harvey Gulf doubles fleet
Harvey Gulf International Marine has struck a deal to buy up the assets and business of Gulf Coast rival Abdon Callais Offshore (ACO).
- New model needed
HSH Nordbank's restructuring manager Wolfgang Topp has revealed his blueprint for a new relationship between lenders and shipowners as both sides try to emerge from the slump.
- CPLP keeps product pair
Capital Product Partners (CPLP) has extended charters on a pair of chemical product tankers at slightly higher day rates.
- Dalian's double deal
China's Cosco Dalian Shipyard has revealed orders for new salvage ships and heavy-lifters.
- The Lion City rising
London may soon have to share its status as the world's maritime capital.
- CIMC strikes again
China International Marine Container (CMIC) is ordering two more boxships backed by charters to MSC.
- PSV options for Guangdong
China's Cosco Guangdong Shipyard has landed an offshore order for a potential eight vessels.
- Bulk quartet for Zhoushan
Cosco Zhoushan Shipyard in China has announced an order for four firm panamax bulkers.
- NorYards hunts orders
The new yard venture between Norway's Bergen Group and Ukraine's Zaliv Shipyard has announced new financing as it targets fresh contracts.
- Stena eyes arctic route
Stena Bulk of Sweden and Hyundai Glovis of South Korea are teaming up to transport oil through the Northern Sea Route (NSR) in the arctic.
- Cape supply to tighten
The company is predicting a scramble for spot tonnage when the strike at Drummond's coal mine in Colombia is resolved.
- Thai ship ablaze in Jeddah
A Thai general cargoship caught fire shortly after arriving in the Saudi Arabian port of Jeddah on Wednesday.
- Bassoe bags broker
Norway's Bassoe Offshore has brought in senior broker Tore Kulsvehagen from Lorenzten & Stemoco (L&S) to strengthen its team.
- 3i scooping up Scandlines
Private equity group 3i has offered to buy out its partner in Baltic ro-ro owner Scandlines after failing to sell the company.
- GREE sees strong start
Greenship Bulk Trust claims to have outperformed the Baltic Surpmax Index (BSI) in interim figures released Thursday.
- KLC in the clear
A Korean court has thrown out a bid to block the sale of bankrupt Korea Line Corp (KLC).
- Condor officers convicted
Two Condor Ferries officers have been found guilty of manslaughter following a 2011 crash that killed a French fisherman.
- Gulf of Mexico mission
Oslo-listed owner Subsea 7 has won more than $70m of offshore work in the Gulf of Mexico.
- Transmed ship detained
A Transmed Shipping bulker has been detained in Canada for flouting the Maritime Labour Convention 2006 (MLC).
- All change at Cargill
Cargill has named David MacLennan as its next chief executive officer. He is due to take up the post on 1 December.
- Helix orders Q7000
Helix Energy Solutions Group has ordered a second semi-submersible well intervention vessel at a yard in Singapore.
- Pacific bulker boost
Bulkers operating in the Pacific Basin look set to receive a boost from a major agricultural deal between the US and Taiwan.
|SEPTEMBER 12, 2013|
- Construction begins on ACL ships
The official steel cutting ceremony for the fourth generation or "G4" ships took place this week at the Hudong Zhonghua Shipbuilding's new shipyard on Chungxing Island near Shanghai. The five ships are scheduled for delivery in 2015.
- U.S. domestic freight shipments up in July
- Röhlig acquires South American partner
- China only lifts ban on hardwood lumber from Va., S.C.
Cheng Hongjun, China's deputy director general for supervision of animal and plant quarantine, said fumigation proved effective in removing pests from hardwood, but the risk of softwood lumber carrying nematodes remained high.
- WRDA bill dropped in House
- Saudia Cargo expands capacity
- DHL forwarding unit releases enhanced Web platform
- Canada, U.S. asked to review hazmat classifications
As part of its investigation into the Montreal, Maine & Atlantic Railway crude oil accident in Quebec on July 6, Canada's Transportation Safety Board has asked Canadian and U.S. authorities to clarify how dangerous goods are classified.
- World Bank to survey logistics industry for 2014 report
The survey, to be open for two months starting from late September, gauges the views of logistics operators express in developing and developed countries. Results will feed into the 2014 Logistics Performance Index.
|SEPTEMBER 12, 2013|
- Prices moving little in Rotterdam
Bunker market reported to be quiet in Hamburg.
- Prices firm in Fujairah
Little price movement in South Africa.
- A little clean air to go with that sunshine and sea breeze?
Paying $10 per day more for a cruise holiday seems like a reasonable price to pay.
- Don't be daunted by challenges ahead, IBIA CEO tells industry
Bunker industry is facing big changes but has the wherewithal to respond.
- Noble dropped from Singapore list of licensed suppliers
The company had been among the top 30 suppliers.
- Maersk takes plea for tougher sulphur checks to Paris MoU
Wants more PSC checks on fuel from 2015 to deter non-compliance among operators who might be tempted by big fuel savings.
- Banker talks ups 'eco' newbuildings
Despite overcapacity, now a good time to buy.
- Wrecked cruise liner ready to be 'rolled' off rocks
Costa Concordia has been lying on its side for almost two years.
- Asian IFO prices trading in narrow range
Hong Kong-based traders reported low MGO demand.
- ICS conference highlights 'three pillars' of sustainability
Environmental concerns must not undermine efforts to maintain a sustainable shipping industry.
- Singapore fuel oil stocks still climbing
As they reach a three-month high.
- Chinese fuel oil stocks slip
East China saw weak demand for bonded bunkers.
- No 'green light' for widespread LNG bunker market
Fewer ships are using LNG than had been forecast a year.
- Pacific Radiance orders two PSVs
Company seeks to operate cleaner and more fuel efficient vessels.
- New engine coating reduces fuel consumption
Coating enables engines to operate at higher temperatures.
- Satellite communications 'central' to improving efficiency
The technology could reduce fuel spending and emissions, says Inmarsat.