|JANUARY 25, 2013|
- Peak season surcharges arise ahead of February 9-15 Chinese New Year
- Fair winds ahead, SISI expects Baltic Dry Index to rise 30pc in 2013
- Singapore's PSA box volume up 5.2pc to 60.06 million TEU in 2012
- Salvagers recover 1,007 of 1,368 boxes aboard Rena as NZ cleanup ends
- Union labour costs, manning scales make major US ports uncompetitive
- Fujian ports cargo volume expected to exceed 450 million tonnes in 2013
- Seaport operations resume at Kuwaiti marine terminals after fog lifts
- Forwarders, carriers find new markets in adverse economic conditions
- Italy posts first trade surplus since 2002, magnified by import plunge
- Barcelona port mulls appeal against US$133,266 fine for truck cartel
- Cargotec faces US$34.6 million quarterly special restructuring costs
- Battery fires delay Hainan Airlines' Beijing-New York Dreamliner flights
- Ram Menen retires from Emirates SkyCargo after 40 years in air freight
- Southern Air to move to Cincinnati base as part of bankruptcy rescue
- Chennai airport cargo workers' strike ends on union federation orders
|JANUARY 24, 2013|
- IIFF-FIATA Diploma Course inaugurated
- Indev Group forays into integrated logistics
- Shipping meets space as DLR & GL expand their strategic cooperation agreement
- Afcons Infra consortium bags ONGC contract
- CCEA approves budgetary ceiling for PPP projects annuity payments
- Govt imposes 2.5 pc import duty on crude edible oils
- Govt may keep peak Customs duty unchanged at 10 pc
- INR pares early gains, but ends higher than previous close
- Moody s retains stable outlook for India
- Quiet industrial activity pulls down road freight rates, truck sales in 2012
- RBI gives forex market access to exporters
- China s grain imports at record high
|JANUARY 24, 2013|
- Korean start-up carrier to operate first freighter aircraft
Jeju Air will operate a B737-400(F) that is currently being prepared for the South Korean cargo start-up Air Incheon. It will be the first cargo aircraft operated by Jeju, which cu...
- European debt crisis hits Germany's freight transport market
Germany's Federal office for freight traffic (BAG) reported that, after two years of growth, transport demand in the German freight market weakened in H1/2012. The shrinkage is due...
- Russian Railways Logistics delivers cargo to South Africa
The Rostov-on-Don branch of Russian Railways Logistics recently organized the transportation of packed cargo that had to be forwarded to Port Elizabeth (South Africa) on behalf of ...
- Mack launches overhaul programme for Legacy Engines
The US-based commercial vehicle manufacturer Mack now offers a new engine overhaul scheme to better serve Mack E7 engine owners. The programme is an industry standout, offering ex...
- Nord-Süd closes all branches in Germany
The forwarding company Nord-Süd closed all its six locations in Germany at the beginning of the year, after the firm went into administration in autumn. The branch offices in Zabre...
- UPS offers new express freight service
The US integrator and parcel service provider UPS has launched a new solution in the express cargo segment called UPS worldwide express freight service. According to a recent compa...
- New planning and environment director for port of Dunkirk
The French port of Dunkirk named Yves Lalaut, a government public works divisional engineer, as its new planning and environment director on 1 December 2012. He replaced Stéphane R...
- Delta Air Lines posts December quarter profit, but sees cargo revenue decline
Atlanta GA (USA)-based Delta Air Lines reported a net income of USD 238 million for the December 2012 quarter. Results include the USD 100 million negative impact of super storm Sa...
- Volga-Dnepr Airlines moves 100 t of mining equipment to Siberia
A self-propelled Bauer BG28 drill used for mining was part of a 100 t shipment delivered by Russia-based Volga-Dnepr Airlines to Magadan (Russia). The AN-124-100 fr...
- Executive changeover at Lug aircargo handling
LUG aircargo handling, based in Frankfurt (Germany) named Nina Hampel as its manager Key Accounts, sales and business development on 1 January. Prior to that she had worked for Avi...
- DHL enhances chemical shipping offer
DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL, is introducing a new product for shipping non-hazardous liquid bulk commodities. Particularly ...
- DB Schenker Logistics serving automotive supplier AGC in Serbia
DB Schenker Logistics has opened a new warehouse in Kragujevac (Serbia) that is dedicated to providing logistics services for suppliers of a nearby Fiat car plant. The first custom...
- Medcenter Container Terminal Gioia Tauro continues to perform well
Medcenter container terminal (MCT), the Contship Italia Group's transshipment hub in Gioia Tauro (Italy) gave a sterling performance when three ultra-large container carriers berth...
|JANUARY 24, 2013|
- Liberty Maritime files suit against MARAD
- Spurs Marine has new ownership
- GE to upgrade RFA ships' IPMS
- Atlantic Offshore plans to order newbuild ERRV
- Vroon orders subsea support vessel in China
|JANUARY 24, 2013|
- Panama Canal Authority gives expansion project update
- New offshore shuttle tanker chartered for Brazil oil transport
- Charleston merchants to host annual Dungeness crab feed
- Union Pacific earmarks funds for Oregon rail line upgrades
- Boeing taps Elena Alexandrova as Russia communications boss
|JANUARY 24, 2013|
- A gravitational shift
The centre of gravity of world crude oil trades is shifting from the Atlantic basin to Asia
- BP goes its own way in a 'world dominated by oil'
The supply and demand factors underpinning BP's newbuilding order
- Samco finance chief looks at the prospects for tankers
Better days to come in the VLCC market
- BP offers bright forecast for European LNG imports
European shale gas a damp squib
- Pacific International Lines orders eight boxships
Carrier returns to Dalian for fourth time in two years
- Washington flexes its muscles in Blackstone Title XI battle
Government lawyers want American Petroleum Tankers complaint dismissed
- Chapter 11 is paradigm shift, says GenMar's Pribor
Restructuring felt like waiting for surgery, he tells Marine Money conference
- Tough year forecast for tankers but prospects are better for bulkers
Perspectives vary by sector, Marine Money conference hears
- Hapag-Lloyd targets hefty Asia-Europe rate hike
German line leads the way with $750 per teu March increase
- Venezuela becomes a riskier prospect for oil and gas investment
Uncertainty over Chavez succession could see shipments to US fall further as backers shy away
- Will 2013 be LNG shipping's lost year?
Market is still overshadowed by last year's problems, says Drewry Maritime Research
- Panamax boxship capacity rises 50% on intra-Asia trades
Feeder capacity stays steady while ultra-large vessels squeeze out post-panamaxes
- Cold front, warm rewards
Owners enjoy ice-class rates spike due to Baltic freeze
- Out with old habits to survive
Some companies are losing money through inefficiency
- Tyne plans $284m expansion to cash in on renewable energy
Developing wood pellet imports could bring an extra two panamaxes per week
- Small boxships bear the brunt of lay-ups
Analysts expect number of idled container ships to rise after Chinese new year
- KNOT to lease shuttle tanker to Repsol affiliate in 10-year deal
Repsol Sinopec Brasil will deploy vessel in deepsea oilfields
- Frangou sees 'new optimism' riding for dry bulk prospects
Navios Partners posts big jump in profits for 2012
- Seaspan boxship orders profitable despite price cut, says Yangzijiang
China yard seals the deal at a 10% discount
- High noon in Jakarta
A vote on a restructuring plan for Berlian Laju Tanker must happen before March 18
- Big freeze sees Baltic Sea aframax earnings rise $10,000 overnight
Owners earn $24,000 per day as cold snap hits Europe
- Choose your Chinese yard with caution, warns Ackermann
Specialist tonnage demands the right builder for the job, says Evergas boss
- STX Pan Ocean to change Singapore status
Regulatory conflicts lead bulker player to follow Seoul primary listing rules
- North P&I Club updates loss prevention guide
Move follows post-collision claims of 'anarchy' in the Channel and North Sea
- Cleaner alternative
US economic pressures undermine coalition moves to curb LNG exports
- South Korea box volumes rise on higher transhipments
Increased throughput at Busan boosts nation's total volume
- Costamare buys post-panamax as earnings beat expectations
Charter to PIL will bring attractive returns, says owner
|JANUARY 24, 2013|
- NCL wraps up IPO
NORWEGIAN Cruise Line today confirmed that underwriters fully exercised their options for extra shares, bringing total IPO net proceeds to $477
- Commerzbank in no rush to sell
COMMERZBANK is taking a measured approach to winding down its shipping portfolio, the Marine Money conference in London was told today
- Dry demand opportunities loom
CHINA and India could become even more reliant on raw material imports, ICAP research MD James Leake told today's Marine Money conference in London
- ISL sees global box rise
GLOBAL box traffic returned to growth at the end of 2012 after weaker autumn figures, the RWI/ISL container handling index indicated today
- China iron ore stockpile hits two-year low
CHINA'S iron ore stockpile is at its lowest since November 2010, with steel production continuing to recover on the back of stimulus projects
- Liberty sues MarAd
FOREIGN shipowners are unlawfully benefiting from a government programme set up to support US shipping interests, a US-flag carrier has alleged
- Pribor to lead shipping unit of Jefferies
JEFFREY Pribor will resign from GenMar and take the helm of the shipping investment banking division of Jefferies, Fairplay confirmed today
- ESPO assails EC's LNG bunker network
ESPO today criticised EC plans to develop LNG refuelling stations at all 139 sea and inland ports in its core TEN-T transport network
- Chinese leasing dispute reported settled
GRAND China Logistics has reportedly settled a dispute with a Chinese shipowner over leasing contracts
- Low shipping asset values seen luring banks
LOWER asset values caused by the shipping sector's slip are making it more attractive for banks to enter maritime financing, a shipping conference heard today in London
- China arbitration amount rises 138%
THE CHINA Maritime Arbitration Commission said the amount disputed in its cases in 2012 rocketed to 1.4Bn yuan ($225M), from 587M yuan ($94M) a year earlier
- Keppel profits rise 28%
KEPPEL said today profits for full-year 2012 rose 28% year on year
- Fortescue boss buoyant on iron ore surge
FORTESCUE today posted a 32% increase in iron ore cargoes out of Australia's Pilbara for its December quarter
- Supply hinders LNG bull run
A SCARCITY of LNG supply in December 2012 resulted in freight rates being slightly lower than in the same month in 2011, according to an analyst
- Han emerges as preferred KLC buyer
SOUTH Korean private equity firm Han & Co has emerged as the preferred bidder for Korea Line
|JANUARY 24, 2013|
- OHL Enhances Security Operations With Descartes' Cloud-Based Air Cargo Advance Screening Solution
WATERLOO, Ontario - Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that OHL, a leading global 3PL and freight forwarder, is enhancing its security operations with Descartes' cloud-based Air Cargo Advance Screening (ACAS) solution. "We've been successfully using Descartes' Automated Commercial Environment (ACE)...
- Choice Logistics Executive Doug Magnan to Chair Field Service Medical in San Diego
NEW YORK - Choice Logistics, the leading provider of critical inventory logistics solutions, announced today that Doug Magnan, Vice President of Operations, will serve as a chairperson of the Field Service Medical conference. The event, which takes place February 19-21, 2013 at the Ranch Bernardo Inn in San Diego, California,...
- J.B. Hunt's Profit Jumped Nearly 21 Percent in 2012
Arkansas-based trucking and transportation company J.B. Hunt Transport Services reported its profit in the fourth quarter of 2012 was $84.0 million, rising 15.7 percent from $72.6 million in the fourth quarter of 2011. Quarterly revenue was $1.3 billion, compared with $1.2 billion in the same quarter the previous year. Intermodal revenue in...
- VPA Chief Explains Reorganization Plan
When the Virginia Port Authority board meets on March 26, it will decide whether to pursue two current private bids to operate its terminals or to proceed with the plan to restructure the VPA and its terminal operating subsidiary, Virginia International Terminals. The VPA is still tweaking its reorganization plan but...
- Rate Hikes Unlikely to Outlast Pre-New Year Cargo Surge
The next two weeks will be the most frantic period of 2013 for China loadings to Europe and the U.S., with carrier utilization already running at "well above" 90 percent, said Henry Schmidl, director of ocean freight for Hong Kong and South China at Schenker International. "We will probably see full...
- India OKs $82 Million for DP World Terminal at Jawaharlal Nehru Port
The Indian Finance Ministry has approved a proposal by DP World to invest 4.4 billion rupees (about $82 million) in a new container terminal project at Jawaharlal Nehru Port (Nhava Sheva). The project, on a 17-year concession, will extend the port's container berth by 1,082 feet and provide a 42-acre container...
- GATX's Profit Jumped 24 Percent in 2012
Railcar lessor GATX today reported income in the fourth quarter of 2012 of $29.7 million, down 6 percent from $31.6 million in the fourth quarter of 2011. Profit for the full year of 2012 was $137.3 million, jumping 24 percent from $110.8 million in 2011. Profit in the company's North American segment...
- Liberty Maritime Sues Marad Over MSP
Liberty Maritime Corp. sued the Maritime Administration, accusing the agency of awarding slots in the Maritime Security Program to companies whose ships don't qualify for MSP's U.S.-flag subsidies. Liberty and its affiliated companies, based in Lake Success, N.Y., filed the lawsuit in U.S. District Court for the Eastern District of New...
- Defining a Trucking 'Renaissance'
Senior Editor Bill Cassidy and R.W. Baird transportation analyst Benjamin J. Hartford discuss whether trucking may be headed for its own "renaissance" in pricing and profitability in 2013....
- Port of Everett CFO Clements to Retire
Port of Everett in Washington has announced that Karen Clements, the port's CFO, will retire in September. Clements, who holds the No. 3 management position at the port, has led the port to 15 consecutive years of clean audits during her tenure. The CFO is responsible for the port's capital and...
- Japan Posts Record Annual Trade Deficit
Japan posted a record annual trade deficit of $77.4 billion in 2012 due largely to a slump in exports, especially to China and the European Union, according to preliminary figures released by the Finance Ministry on Thursday. But bucking the overall trend, shipments to the United States rose at a robust...
- Norfolk Southern Names Hall Intermodal VP
Jerry W. Hall, Norfolk Southern's new vice president of intermodal operations. Class I railroad Norfolk Southern has named Jerry W. Hall as vice president of intermodal operations. Hall succeeds Robert E. Huffman, who is retiring on Feb. 1. Huffman has worked in the railroad industry for 40 years and joined Norfolk Southern...
- Journal of Commerce to Launch New JOC Inland Distribution Conference in Kansas City, Missouri
NEWARK, N.J. - The Journal of Commerce (JOC) announced that its new event, the JOC Inland Distribution Conference, will take place in Kansas City, MO in September 2013. The JOC Inland Distribution Conference is the successor to the JOC Inland Ports Logistics Conference which took place in Chicago, IL in...
- Heartland Express's Profit Dropped 12 Percent in 2012
Trucking company Heartland Express reported its profit in the fourth quarter of 2012 was $14.3 million, dropping 16.5 percent from $17.1 million in the fourth quarter of 2011. For the full year of 2012, income was $61.5 million, falling 12.0 percent from $69.9 million in 2011. Quarterly revenue increased 3.8 percent year-over-year from...
- Long Beach Says It'll Find Room for Chassis
Long Beach Executive Port Director Chris Lytle assured truckers that the Southern California ports will find enough storage space in the harbor area for chassis now that ocean carriers are exiting the chassis business. "Big plots of land are not available, but some things can be moved around. We can make...
- Is Trucking Primed for Pricing 'Renaissance'?
ATLANTA - Move over railroads. The trucking industry may be rolling toward a "pricing renaissance" of its own, as rising operating costs and tight capacity push truck rates higher. Although annualized rate increases slowed in 2012, steady economic growth and industrial production, especially in the second half of 2013, could speed...
- Trial Continues for Sea Star's Former CEO
The antitrust conspiracy trial of former Sea Star Lines CEO Frank Peake, accused of involvement in price-fixing by carriers between the U.S. mainland and Puerto Rico, is nearing the end of its second week. Peake was indicted in November 2011. His trial began in San Juan on Jan. 14, following jury...
- Seattle's Full Court Press
It's not easy being an urban port. Case in point is Seattle's naturally deep-water port located to the south of that city's downtown. For years, developers have coveted the waterfront property that serves as one of the nation's largest container port operations. Instead of a working waterfront, they envision boutique...
- Marten Transport Reports Record Fourth Quarter, Yearly Profit
Mondovi, Wis.-based temperature-controlled truckload carrier Marten Transport this week reported the highest net income for any quarter and year in the company's history. Profit in the fourth quarter was $7.72 million, inching up 0.7 percent from the previous record of $7.66 million in the fourth quarter of 2011. For the full year...
|JANUARY 24, 2013|
- MOL to test ballast water treatment 'in a box'
ClassNK has given Mitsui OSK Lines the nod of approval for the installation of a packaged ballast water treatment system that can fit in a vessel's cargo hold in ...
- South Korean box volumes rise on higher transhipments
Container throughput at South Korean ports rose 4.1% on-year to 22.5m teu in 2012, hitting a record high for a second year on the back of higher transhipment volumes, ...
- China's manufacturing growth quickening
According to the HSBC's Purchasing Managers Index [PMI] China's manufacturing activity in January grew at its fastest pace in two years.The preliminary data records ...
- Davos: Insufficient transport infrastructure stymieing global growth
The great and the good are assembled at the Annual World Economic Forum [WEF] in Davos, Switzerland this week to debate the 2013 theme 'Resilient Dynamism'. Away ...
- COLREGS reminder published
The North P&I Club has produced a new loss prevention guide for watchkeepers on how to avoid collisions at sea. The publication follows critical industry ...
- Seaspan signs $360m boxship order
Seaspan has signed its second newbuilding contract of the year, placing a $360m order for four 10,000 teu ships just days after finalising a $600m deal.The New ...
|JANUARY 24, 2013|
- Bugbee's top tip
If you have ever wondered how Greek tycoons time their shipping investments you should stop scratching your head and fetch a piece of paper.
- Gone in 30 days
Ukrainian owner Ukrrichflot's boss Valentyn Hrytsentko has been "relieved" of his post after less than a month.
- NewLead eyes expansion
NewLead Holdings may have shifted gears in a bid to break into the commodities business but it hasn't forgotten its roots.
- NNA ties up Bellatrix
Navios Maritime Acquisition Corporation (NNA) has secured a three-year charter deal for its latest product carrier newbuilding.
- Pribor shares secrets
Filing Chapter 11 papers feels like a cross between childbirth and deciding to cut off your own arm, according to Jeff Pribor.
- Oceanstar bags stellar rate
Oceanstar of Greece is said to have fixed a newbuilding at well above the current market rate.
- Navios Partners soars
Angeliki Frangou optimistic for wider recovery after big jump in 2012 profit.
- Atlantic orders again
Norway's Atlantic Offshore has ordered a new emergency response and rescue vessel (ERRV) backed by a contract with Shell.
- Curra cools China fear
A Chinese mega-order for VLCCs is unlikely to reach the scale touted and is actually a positive for the market right now, ACM Shipping says.
- Stena fire under control
A blaze on a Stena Line ro-pax has been brought under control in the Baltic.
- CSIC tops a billion
China Shipbuilding Industry Co (CSIC) has revealed it has won newbuilding orders worth more than $1bn over the last year.
- Flex LNG ups ante
Flex LNG is threatening arbitration proceedings against Samsung Heavy Industries (SHI) after failing to settle a long-running dispute with the Korean giant.
- Costs keep Keppel back
Singapore shipyard group Keppel Corp's earnings have fallen for 2012 as expenses rose.
- Zhang cedes control
Zhang Zhi Rong, the owner of Rongsheng Heavy Industries, has relinquished his controlling interest in the Chinese shipbuilder.
- KNOT in new Repsol link
Knutsen NYK Offshore Tankers (KNOT) has penned a 10-year charter contract for a newbuilding under construction at Cosco Zhousan in China.
- BLRT in divi row
Estonian shipyard group BLRT is facing a shareholder revolt over its decision to not pay dividends.
- Ferry's "box of lies"
The crew of Canadian ferry Queen of the North cast doubt on its electronic chart system before the vessel's fatal crash in 2006.
- Moby merger rejected
Shareholders of the privatised Tirrenia CIN have put the brakes on a potential merger with Vincenzo Onorato's Moby Lines.
- Ezion downgraded
Ezion Holdings, a darling of the Singapore stock market, has been downgraded in the wake of a run up in its stock price.
- LNG prospects dim
LNG freight rates strengthened in December as winter demand kicked in, but have yet to reach the levels of a year ago.
- Port Hedland re-opens
Australia's Port Hedland resumed operations on Wednesday after briefly closing due to a tropical storm.
- BWTS in a box
Mitsubishi Heavy Industries has developed a ballast water treatment system (BWTS) that fits in a large container.
- Steel output flat in 2012
Global steel production inched up only 1.2% last year to 1.55bnt latest trade figures show. However, this was still a new record.
- Costamare expands fleet
Costamare has acquired a 6,000-teu containership in a deal worth $22.2m and has already secured short term charter for it.
|JANUARY 24, 2013|
- CHAMP looks to tap forwarder market
- Analysis: Air cargo activity ramps up internationally
Barring any macroeconomic collapses - the debt-ceiling negotiations have the potential to wreck even the most conservative predictions - volumes and yields will continue to increase toward the end of the year.
- Liberty files suit against MarAd over MSP program
- CN's operating profit grew 12% in 2012
Calendar-year revenues increased 10 percent to more than C$9.9 billion, with all business units registering gains, led by petroleum and chemicals at 15 percent to C$1.6 billion. Intermodal revenue grew 11 percent to C$2billion.
- Trucking tonnage ends 2012 on high note
"As paychecks shrink for all households due to higher taxes, I'm expecting a weak first quarter (2013) for tonnage and the broader economy," the ATA's chief economist, Bob Costello, warned in a statement.
- Seaspan orders ships for MOL
Seaspan has signed contracts for the construction of four 10,000-TEU class vessels that will be chartered to the Japanese liner carrier. The ships, to be built in China, are scheduled for delivery in 2014.
- Hapag-Lloyd raising Mexico export reefer rates
- New Pacific islands line emerges
- time:matters expands in China
- BX Solutions adds trucking service
- MOL's metrics suffer in December
- AAR nabs African airlift contract
|JANUARY 24, 2013|
- Crude trades higher as gasoline inventories decline
Refineries operated at their lowest levels since March 2012.
- Market steady in Fujairah
Prices in South Africa were soft.
- Price outlook variable in major European ports
Bunker prices make small gains in Rotterdam.
- Greece: Seafarer strike call
Action to be 'warning' over changes in labour practices.
- Low sulphur demand steady despite fuel switch scheme
Players say Hong Kong's voluntary progamme has not triggered an increase in demand.
- Dan-Bunkering adds staff in Shanghai
New team member brings experience of logistics and bunkering.
- Singapore fuel oil stocks near five-month low
Demand from South Korea up by 18%.
- Asian bunker prices show signs of strengthening
Prices in Tokyo Bay, however, went down.
- 'Eco' feeder vessel uses less fuel
'Fuel-efficient feeder ships will be in demand against fuel-guzzling alternatives.'
- Bunker player to operate Danish tank farm
Monjasa's CEO says port of Skagen is 'extremely well positioned'.
- Mitsubishi, Mitsui jointly develop ballast water treatment system
The new technology can be completed at pier and does not require cutting of the ship's side shell.
- Finland's low sulphur fuel initiative has EU backing
Amendments bring scheme into line with EU's state aid rules.
- Outlook on LNG sector uncertain, says analyst
Low shipping rates and rising LNG prices will hamper recovery.
- Deutsche Bank: China's fuel oil demand may weaken in 2013
But crude and gasoil consumption is set to rise this year.
- Seaspan orders four container ships
Seaspan Corporation has inked contracts for the building of four 10,000 TEU containerships.