Aussie dock workers renew threat to strike Australian dock workers yesterday renewed their threat to strike over pay and conditions, warning that they would stage a 24-hour walkout tomorrow at the nation's three major ports.
Grain shipments down 40% on Mississippi High water on the Mississippi River has slashed grain shipments about 40 per cent and could pose a threat to exports from the US Gulf, the main exit for agricultural products to world markets, industry sources said on Wednesday.
Court to decide Samho's future A South Korean court will decide next month the future of privately held chemical tanker firm Samho Shipping, which filed for bankruptcy protection this week, the latest casualty of the distressed global freight market.
Egyptair continuing daily Bangkok service Egyptair is extending its Boeing B777-300ER operation on the daily Cairo ' Bangkok service until 31 May. Previously this service was scheduled to operate until today (28 April).
Busiest month at Singapore airport for three years Despite declines for passenger movements between Singapore Changi airport and Japan, on the cargo front, March 2011 was Changi's busiest month in three years, with airfreight ...
CSX: operating income improves 22 % to USD 773 million CSX Corporation reported first quarter 2011 net earnings of USD 395 million, versus USD 305 million in the same period last year. This represents a 36% year-on-year impro...
Hub Group: 22% up in Q1/2011 The US service provider Hub Group reported a net income of USD 10.5 million for the quarter ended 31 March 2011, an increase of 22% compared to last year's first quarter....
Volkswagen: more trucks sold again The German car manufacturer Volkswagen sold 121,200 trucks in the first quarter of the current year, 36.2% more than in the same time frame in 2010 when a total of 89,000 trucks we...
2010 - a year of strong growth for Arval The Arval Group showed a strong upturn in its activities for 2010. Its performance significantly outstripped that of the market with a 10% increase in the leased fleet to reach a t...
GATX Rail Europe enters Turkish market GATX Rail Europe is entering the Turkish market with the deployment of newly manufactured railway tank wagons. These state-of-the-art, 95 cbm wagons, which are designed to eff...
Correction: FedEx in Delhi (ITJ Daily of 18 April 2011) FedEx would like to clarify that it currently does not have plans to establish a deep freeze shipping recharge point in Delhi. The recharge capability in India is a Cryoport servic...
Port of Long Beach welcomes Grand China Shipping Grand China Shipping, one of the fastest growing ocean carriers in China, recently made its inaugural call at the Port of Long Beach CA (USA), when one of its vessels berthed at th...
French shipowners call for better conditions in the EU The French inland shipowners association CAF (Comit' des Armateurs fluviaux) held its annual meeting in Paris this month (April). One of the conclusions that was drawn...
Port of Rotterdam: one million containers in one month The port of Rotterdam became the first port in Europe to handle 1 million containers in one month in March. The record was achieved in the evening of the last day of March when the...
Fiege signs logistics contract with Frimo The German logistics group Fiege has signed a multi-year contract with Frimo, a company based in Lotte, near Osnabr'ck (Germany). Under the terms of the pact Fiege will b...
FedEx rolls out EarthSmart programme in EMEA region The CEP service provider FedEx Express, owned by the US FedEx Corporation, has officially launched its sustainability programme EarthSmart in Europe, Middle East, Indian Subcontine...
UPS: earnings up 66% in Q1/2011 Business is currently flourishing for UPS, the world's largest parcel service provider. Q1/2011 sales rose by 7% to USD 12.6 billion and the profit vaulted by 66% to USD ...
Ceva Logistics appoints Piotr Zborowski as senior VP Eastern Europe Ceva Logistics, one of the world's leading supply chain companies, has named Piotr Zborowski as senior vice-president (VP) of Eastern Europe. Zborowski has over 15 years experience...
Europe-US medium range tanker earnings hit 30-month high Three-day working week due to UK national holidays creates charter rush, taking product tankers off spot market
Ardmore acquires two newbuildings from Hellespont Two IMO II chemical tankers originally ordered by Hellespont in January 2009 and are being built at Sekwang Shipbuilding in South Korea
Sanko sells supramax pair for $38m The Sanko Steamship Co is understood to have sold two 13-year-old supramax bulk carriers for $19m each in the secondhand sales market
Gazprom secures 31% rise in refined product sales Russia's energy giant Gazprom saw its net sales of refined products rise by Rbles168bn ($6bn), or 31%, in 2010 compared with the previous year, mainly due to price increases for refined product
Base rates look set to remain low The key indicator for the wholesale money market, the six-month dollar London Interbank overnight rate, has flatlined since the credit crunch
Growing confidence spurs shipping companies to eye big investments CMA CGM's successful bond issue has left other shipping investors eager to grab a slice of the action
The age of the Chinamax Rise of eastern megacities will drive vast demand for raw materials even higher
Naval action has reduced successful pirate attacks Success rate of pirate attacks off the coast of Somalia in the first quarter of 2011 was 13%-15%
It is time for governments to get a grip on piracy Robust laws are required to protect seafarers as the use of motherships has increased the expanse of ocean vulnerable to pirate attack
Japan endures The big three Japanese lines have slashed their earnings expectations for the year
Persuasive facts Britain's maritime industry no longer has a household name at its core
North Africa and Japan rain on Royal Caribbean parade 'Spectacular' year now has become merely a 'very good' one, says Richard Fain
CSCL falls into the red again Continues spending on vessels despite first quarterly loss in a year
Cash flow is crucial in debt finance ratings Credit rating agencies must be responsive to changing dynamics when evaluating offshore drill firms
Harren & Partner secures funding for offshore unit Goldman Sachs Capital Partners fronts up after IPO plans dropped
Maersk in $1.3bn deepwater drillship order Drillships will be capable of drilling wells of greater than 40,000 ft
China and India to spearhead Asian growth IMF report sees important spillover for other countries in region
Owners seek spin-offs to boost asset returns Seadrill, Aker and Sevan have all spun off entities
Australian dock union face legal action Accused of unlawful industrial action
Yangzijiang reports strong first quarter More orders and higher margins behind positive figures
Sekwang Heavy seeks bankruptcy protection Joins growing list of South Korean companies in difficulty
Ardmore buys Hellespont chemtankers Two IMO II chemical tankers originally ordered by Hellespont in January 2009 and are being built at Sekwang Shipbuilding in South Korea
International Shipholding revenues fall Profits fall in line with declining earnings
Ireland demands special dividend from Dublin Port Co Government seeks to bolster revenues from profitable state-owned companies
Ocean Rig orders second drillship this month at Samsung Heavy Industries Declares option on additional unit in order worth $611m
K Line warns of 'unpredictable' year ahead as it posts $368m profit Says earnings environment for car carrier segment will be 'extremely harsh' in near term
NYK slashes profit forecast to reflect impact of earthquake and tsunami Warns car transport volumes could 'plummet' as bulk and tanker markets remain 'subdued'
MOL posts $700m profit in but steep decline expected this year Significant drop in car exports from quake-hit Japan, dry-bulk market slump to take toll
Flipflop conversions rise UPS AND downs in the box and drybulk sectors have resulted in a flipflop conversion trend for leading Chinese shipbuilder Yangzijiang
Misrata evacuation finally succeeds NEARLY 1,000 people fleeing Moammar Gaddafi's regime were reported evacuated today from the besieged Libyan port of Misrata
Sekwang of South Korea seeking receivership SEKWANG HI has applied for receivership, an official with the South Korean shipbuilder told Fairplay
Subscriber notice THERE will be no news bulletins tomorrow or on 2 May because of the UK holiday weekend
RCCL trims outlook CRUISE major RCCL today reported much better quarterly results than expected but cautioned on the rest of 2011
Capesize wiggle room seen BROKERS told Fairplay today Capesize rates have improved slightly this week, as Australian miners roll out more cargo approaching May Day and port congestion eases in Brazil
VLCC spurt eases VLCC SPOT rates are continuing to languish at historic lows, as the spurt of activity earlier this week eased
Tracing Samho's troubles A KEY counterparty appraiser told Fairplay today that Samho Shipping's troubles first surfaced last year
Japan liners warn on profits JAPAN'S three major liners said today they expect lower profits this year because of country's quake crisis
Court Agrees to Cut Horizon Fine A federal court in Puerto Rico agreed to reduce Horizon Lines' $45 million fine for antitrust violations to $15 million,...
Dockworkers Sentenced for Payroll Fraud Two New York-New Jersey dockworkers have been sentenced after pleading guilty to submitting fraudulent time sheets for hours they didn't...
China Shipping Reports First-Quarter Loss China Shipping Container Lines said its net loss for the first quarter narrowed 24.1 percent from a year earlier to...
American Railcar Cuts 1Q Loss as Car Demand Returns American Railcar Industries trimmed its first quarter loss to $5.3 million from $7 million in the 2010 period but reported...
Pacer Rebounds From Loss to $2 Million Profit Intermodal service provider Pacer International posted net income of $2 million in the January-March period, up from a $500,000 loss...
Customs Begins Final Byrd Amendment Payments U.S. Customs and Border Protection is distributing the last antidumping duties to be paid to U.S. companies under the "Byrd...
LA Clean-Truck Case Goes to 9th Circuit June 10 The U.S. Court of Appeals for the 9th Circuit on June 10 will hear oral arguments from the Port of...
OOCL Names First in 8,888-TEU Series OOCL christened its newest ship the OOCL Beijing in ceremonies Thursday at Hungdong -Zhonghua Shipbuilding in Shanghai. The OOCL...
Two Charged With NY-NJ Drug Smuggling Plot A dockworker at APM Terminals and a Maersk Equipment Service official were charged with conspiring to distribute more than two...
ANA Posts $284 Million Net Profit Japan's All Nippon Airways posted a net profit of $284.15 million in fiscal 2010, which ended on March 31, compared...
China Cosco Swings to First-Quarter Loss China Cosco Holdings swung to a loss of $77.3 million in the first quarter ended March 30 as global vessel...
RailAmerica Posts $4.1 Million 1Q Profit Short line operator RailAmerica swung to a $4.1 million net gain in the first quarter from a $2.5 million loss...
Port of LA Plans $3 Billion for Expansion The Port of Los Angeles in the coming decade will spend more than $3 billion to deepen its access channel,...
Japanese Government Submits Reconstruction Budget The Japanese government on Thursday submitted a supplementary budget of $48.8 billion for reconstruction following the March 11 earthquake and...
German Inland Containers Surge 18.4 Percent Container traffic on German waterways surged 18.4 percent to a record high in 2010, outpacing a 12.8 percent growth in...
Trinity Profit Soars, Railcar Orders Hit Record High First quarter net income for transportation equipment supplier Trinity Industries was nearly six times higher than a year earlier at...
'K' Line Earns $368 Million, Forecasts Lower Profit Japanese carrier 'K' Line reported $368 million in net income for its just-ended fiscal year but forecast lower profit and...
NYK Reports Profit, Reduces Forecast Japanese shipping conglomerate NYK Line reported a $912.7 million profit for its just-ended fiscal year, reversing a $187.5 million loss...
Genesee & Wyoming to Launch Antwerp Service Genesee & Wyoming, the U.S. short line and regional rail company, will launch dedicated terminal shunting and feeder services in...
Japan Industrial Output Takes Record Tumble Japan's industrial production fell at its fastest pace on record in March, tumbling 15.3 percent from February, according to preliminary...
MOL Earns $700 Million Profit for Year Japanese ocean carrier Mitsui O.S.K. Lines earned $700 million net profit for its fiscal year ended March 31 but forecast...
Nevada Governor Names Rep. Heller to Fill Senate Seat Nevada Gov. Brian Sandoval, R, said he will appoint Rep. Dean Heller, R-Nev., to replace John Ensign in the Senate...
CBP: Export license decisions resolved faster Improved inter-agency collaboration and techniques have significantly contributed to reducing the timelines for U.S. export license determinations, said Todd Owen, a top supply chain security official at U.S. Customs and Border Protection. CBP's n...
UPS Airlines names VP flight operations UPS has named Matt Capozzoli as vice president of flight operations for UPS Airlines. He replaces Capt. Rick Barr, who is retiring after 23 years at the company. Capozzoli, 52, joined UPS in 1977, working in ground operations as a package handler, ...
CTSA raising currency fee again Member lines of the Canada Transpacific Stabilization Agreement will once again raise the currency adjustment surcharge they assess on shippers as of June 1. The fee will increase to 10 percent. It's currently at 8 percent, but will rise to 9 perce...
Hamburg Sud taking slots on three services German container line Hamburg Sud has joined three services as a slot buyer, according to research from American Shipper affiliate ComPair Data.The line has joined MOL's CSW services between China and the East Coast of South America by way of South...
Government proposes to slash Horizon fine The U.S. Justice Department, which earlier this year fined Horizon Lines $45 million for participating in a price-fixing conspiracy with competitors in the U.S. mainland to Puerto Rico trade, is now seeking to reduce the fine to $15 million. "The r...
Japan's big 3 net big 2010 profits Japan's big 3 net big 2010 profits Japan's big 3 net big 2010 profits Japan's three major container lines on Thursday reported collective operating profits of more than $1.2 billion for their fiscal year 2010, a major recovery from the $1.8 billio...
Maersk cuts transpacific leg of long-line service Maersk Line has significantly changed one of its core long-line services connecting Europe and the U.S. West Coast with Asia as the pivot, according to research from American Shipper affiliate ComPair Data. The line's former Asia-Europe-transpacif...
Norfolk Southern says profit up 26% Norfolk Southern said it had first quarter net profit of $325 million 26 percent higher than the $257 million earned in the same 2010 period, Railway operating revenue for the quarter ending March 31 was $2.6 billion, 17 percent higher. General me...
International Shipholding reports profit International Shipholding Corp. reported first quarter net profit of $24.1 million compared to net profit of $10.6 million in the same 2010 period. The higher profit came even though revenue was lower: $64.3 million in the first quarter compared to...
Middle East prices mixed "Good times for Suez bunkering market", a player told Bunkerworld.
Maersk sees 'no major role' for biodiesel Trial vessel is now equipped to test 'other emerging fuel types' that can reduce environmental footprint.
Refiner to cut 'bunker grade' fuel oil cargoes Traders say loss of Essar Oil's output is 'significant' for marine fuel market.
Bunker prices mostly up In Gibraltar, a supplier reported tight avails with earliest delivery from May 3.
Testing agency sets up office in Hambantota 'There are enormous opportunities,' says S B Consortium.
Low-emission Ro-Pax ferry study gets underway Green Ship of the Future confirms dates for information meetings.
Bunkers prices up at major ports Demand for bunkers mostly average on Thursday.
Vopak sells remaining share in inland barge company Interstream has a 'limited strategic fit' within Vopak's global terminal network strategy, says company.
NuStar to see 'increased earnings' from bunker business Fuels marketing to contribute up to $8 million increase in EBITDA in Q2 2011, says CEO and president of NuStar Energy.
Samho Shipping files for receivership Blames high bunker prices, low freight rates and costs related to piracy attacks.
Sinopec Zhoushan starts MGO deliveries at Chinese ports MGO sourced from a South Korean refinery.
High bunker prices 'positively impact' barge operator's earnings Raises earnings guidance for Q2 on back of expected 'accretive earnings' from recent acquisitions including the bunkering operation of Enterprise Marine.
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