Big ships will help offset slump: Daewoo Daewoo Shipbuilding & Marine Engineering Co, working on the world's largest container ships, said mega-sized vessels' greater fuel efficiency will let them withstand a slowdown in overall orders.
CMA CGM bullish despite plunge in interim earnings CMA CGM, the world's third-largest container shipping group, expects 2011 to be 'a positive year' despite a plunge in first-half profit linked to less favourable freight rates than in 2010, the company said on Monday.
High tide for Brazilian yacht market Marcio Christiansen reeled off tales of the growing ranks of rich Brazilians who visit his luxury Ferretti yacht showroom. One man paid US$2 million for a ship, he said, after succumbing within 30 minutes to his children's pleas of 'Buy it, Daddy, buy it!'
Strait Talk
Learning to live with piracy IN A DEEPLY disturbing development two weeks ago, a products tanker was hijacked within the limits of the Omani port of Salalah. The 25,400 DWT Fairchem Bogey was preparing to enter port to load and her crew were clearly not expecting an attack.
Shipping Times
Crossrail delays award of contract Crossrail, Europe's largest infrastructure project, said it had delayed the award of a contract to build 60 train carriages to save costs and allow the British government's review of public procurement to be taken into account.
Big ships will help offset slump: Daewoo Daewoo Shipbuilding & Marine Engineering Co, working on the world's largest container ships, said mega-sized vessels' greater fuel efficiency will let them withstand a slowdown in overall orders.
CMA CGM bullish despite plunge in interim earnings CMA CGM, the world's third-largest container shipping group, expects 2011 to be 'a positive year' despite a plunge in first-half profit linked to less favourable freight rates than in 2010, the company said on Monday.
High tide for Brazilian yacht market Marcio Christiansen reeled off tales of the growing ranks of rich Brazilians who visit his luxury Ferretti yacht showroom. One man paid US$2 million for a ship, he said, after succumbing within 30 minutes to his children's pleas of 'Buy it, Daddy, buy it!'
Strait Talk
Learning to live with piracy IN A DEEPLY disturbing development two weeks ago, a products tanker was hijacked within the limits of the Omani port of Salalah. The 25,400 DWT Fairchem Bogey was preparing to enter port to load and her crew were clearly not expecting an attack.
Shipping Times
Crossrail delays award of contract Crossrail, Europe's largest infrastructure project, said it had delayed the award of a contract to build 60 train carriages to save costs and allow the British government's review of public procurement to be taken into account.
Big ships will help offset slump: Daewoo Daewoo Shipbuilding & Marine Engineering Co, working on the world's largest container ships, said mega-sized vessels' greater fuel efficiency will let them withstand a slowdown in overall orders.
CMA CGM bullish despite plunge in interim earnings CMA CGM, the world's third-largest container shipping group, expects 2011 to be 'a positive year' despite a plunge in first-half profit linked to less favourable freight rates than in 2010, the company said on Monday.
High tide for Brazilian yacht market Marcio Christiansen reeled off tales of the growing ranks of rich Brazilians who visit his luxury Ferretti yacht showroom. One man paid US$2 million for a ship, he said, after succumbing within 30 minutes to his children's pleas of 'Buy it, Daddy, buy it!'
Strait Talk
Learning to live with piracy IN A DEEPLY disturbing development two weeks ago, a products tanker was hijacked within the limits of the Omani port of Salalah. The 25,400 DWT Fairchem Bogey was preparing to enter port to load and her crew were clearly not expecting an attack.
Shipping Times
Crossrail delays award of contract Crossrail, Europe's largest infrastructure project, said it had delayed the award of a contract to build 60 train carriages to save costs and allow the British government's review of public procurement to be taken into account.
Basel Rhine ports with minus 11% in H1/2011 The total throughput of Schweizerische Rheinhäfen, the Swiss inland ports on the Rhine in Basel, dropped by 10.8% to 2.75 million t in the first six months of 2011, compared to the...
Nigerian airports need upgrade for cargo development Nigerian airports need urgent upgrades to handle the country's freight and to take a leading role in informing the shipper community of ...
Dürr wins large aircraft order from Russia The Dürr Group, a mechanical and plant engineering group based in Southern Germany, has won its largest ever order for aircraft assembly systems in Russia. IRKUT, the Rus...
Hapag-Lloyd increases rates in North Atlantic trades As of 15 October, Hapag-Lloyd will raise rates for all cargo and all container types in the North Atlantic trades as follows: rate increase from all coasts of USA, Canada including...
Militzer & Münch brings groupage from China to Kazakhstan by lorry The international transport service provider Militzer & Münch, whose head office is in St Gallen (Switzerland), is further expanding its range of services. The Militzer & M...
Organic growth from owners forces Anglo-Eastern (UK) into bigger premises In the midst of declining confidence in shipping markets, Anglo-Eastern's UK division is riding on the wave of outsourcing and is opening new premises. The new office in central Gl...
Daimler and Rolls-Royce obtain final approval for acquisition of Tognum Daimler and Rolls-Royce have obtained approval from all relevant regulatory authorities for the acquisition of Tognum AG. This step paves the way for Daimler and Rolls-Royce to con...
Gotthard base tunnel to become operational already in 2016 In Switzerland the Federal Office of Transport (FOT) is doing everything to open the Gotthard base tunnel (GBT) in December 2016, one year earlier than planned. The scope of the tr...
New plans to resolve Cambodia Rail resettlement concerns The Asian Development Bank (ADB) and the government of Australia are providing over USD 100 million to help rebuild the country's national railroad stretching from Sihanoukville in...
Wilson Air Center opens fourth FBO facility After Charlotte, Houston and Memphis, Wilson Air Center has brought its FBO service to Chattanooga Metropolitan Airport (KCHA). The facility officially opened on 4 August 2011 and ...
Boeing strengthens customer focus with leadership moves Boeing has appointed Marlin Dailey as president of Boeing Germany, Northern Europe/EU and Africa, Ray Conner to the new post of senior vice-president of sales and customer support,...
IJS Global establishes head office at Schiphol IJS Global, a major provider of global logistics services, has signed a lease with Schiphol Real Estate for approximately 2,000 sqm of office space and 5,400 sqm of business accomm...
Havi Logistics supplies OMV petrol station shops in Bulgaria and Slovakia The German logistics company Havi Logistics has been supplying the petrol station shops of Austrian mineral oil group OMV in Bulgaria and Slovakia for a year. The tapping of these ...
In Time Express Logistik sold to Barclays Private Equity German Equity Partners III (GEP III), the equity capital fund managed by ECM Equity Capital Management (ECM), has sold its majority holding in Germany's Hanover-based CEP service p...
The Containership Co lawsuit raises questions of jurisdiction Should US courts or the FMC hear dispute?
Higher capitalisation boosts Swedish Club's outlook Standard & Poors singles out Gothenburg-based P&I club for praise and boosts its rating
Star Reefers awarded damages from JFC Russian fruit importer ordered to pay $16.5m
Hurricane Irene ushers in fresh concerns over boxship liability The proliferation of big new boxships has heightened cargo underwriter exposure worries
China Cosco makes a play for better terms Bid to restructure charter contracts with owners could work, if history is any guide
Piracy and the armed deterrent Having armed guards onboard could pose risk of an escalation of violence
Capesize secondhand prices show signs of stability Sales at high prices seem to indicate the end of a long downward trend might be in sight
Syria sanctions set to increase tanker tonne-mile demand Italy faces immediate fallout from oil embargo but long-term diversification trend likely to continue
Forward thinkers embrace green debate Forward thinkers are embracing the green debate
IMO appears reluctant on environmental issues The IMO must be more proactive on environmental issues
Fighting for Littlehampton Shortage of shortsea tonnage hits smaller ports
P+S Werften wins order for offshore installation vessel Deal with Offshore Installation Group said to be worth 'a three-digit million euro figure'
'Nightmare' for cross-Mediterranean aframax market if Syrian cargoes disappear More employment opportunities could be lost if sanctions are brought in this week
Modern aframax values fall almost 20% in a month Price paid for auctioned 2005-built vessel is $7.5m less than for similar ships last month
Falling VLCC values should see scrap volumes accelerate Dahlman Rose forecasts demolition pick-up as Clarksons lowers secondhand price estimates
Cash injection saves Nordcapital bulk carriers fund Bulkerflotte 1 secures money for restructuring following Korea Line collapse
South China seizure Disputes between China and its neighbours threaten regional development
Analysts see value in DSME move to buy HMM stake Decision designed to benefit both companies
Big European box hubs face flat volumes and a 2012 slowdown Global Port Tracker forecasts indicate imports continuing to post total month on month declines
CMHI posts $502m in profit and says softening of throughput is temporary Modest decline at Shenzhen port underscores southern China's economic woes
Exmar posts first-half loss but is optimistic over LPG sector Extra spot cargoes keeping sector buoyant
Political tension between China and Vietnam blamed for port project delay CMIH says container terminal project yet to receive license from local government
BW Offshore profits as BW Pioneer leads from the front Oslo-based FPSO owner sees strong outlook for energy sector
FMC put to the test The decision by TCC to sue former shippers through the courts raises the question of whether the Federal Maritime Commission is the place to hear disputes
Hyundai Heavy completes tests on new 190,000 dwt super ice-bulker Giant bulk carrier design could carry double current iron ore capacity without ice-breakers
K Line joins the rush to design LNG powered shipping Japanese carrier hopes to have deepsea ro-ro vessel in operation by 2015
Middle East yards opt for unique ship lifts UAE's Damen and Saudi Arabia's Zamil to install Rolls-Royce made lifts at new facilities
Suppliers eyeing cash-rich Asian owners Italy's SpecTec expands in region as owners snap up fleet management software systems
US military racks up late box fees CONTAINER owners have charged the US military over $421M since 2004 for returning equipment late, Fairplay was told today
CMA CGM profits sink FRENCH liner CMA CGM registered a 72% year-on-year fall in net profits to $237M in the first half, but said it expects to remain profitable over the full year
Rejected shipment upsets the apple cart ONE BAD-apple shipment is threatening to spoil New Zealand's arguments that its produce is safe for Australia, IHS Global Insight reported today
Arrest order targets Eagle A WARRANT has been issued for the arrest of Eagle Bulk's 50,351dwt Kestrel I in Oregon, newly filed US court documents reveal
71 seized in migrant smuggling bids GREEK authorities have seized 71 people involved in migrant smuggling in the past week
Shipping banks to combine GREECE'S Alpha Bank plans to acquire Eurobank EFP, IHS Global Insight reported today
Trafigura signs South Hook terminal deal TRAFIGURA has signed a deal that would give the commodity trader access to spare import capacity at the UK's South Hook Gas terminal, IHS World Markets Energy reported today
VLCC valuations buckling DEPRESSED spot rates are "finally impacting secondhand VLCC values materially", Dahlman Rose analyst Omar Nokta said today, as he predicted more scrapping ahead
Crane giant increases losses THE WORLD'S biggest port crane manufacturer today revealed its losses increased in this year's first half, compared with the first six months of 2010
Ningbo-Zhousha box terminal wins approval CHINA'S transport ministry today said it had approved a new box terminal at the combined port of Ningbo-Zhoushan
OOCL replacing cranes ORIENT Overseas Container Line said today it will replace two of its six post-Panamax gantry cranes at OOCL Kaohsiung Container Terminal in Taiwan
Horizon rewrites restructuring NYSE-listed Horizon Lines has obtained bondholder approval for a revised restructuring plan aimed at averting bankruptcy
TSA Launches Trans-Pacific Revenue Index A new revenue index published by the Transpacific Stabilization Agreement shows revenue for maritime carriers in eastbound lanes from Asia...
Avnet Adds E-Tracking Options Avnet's e-commerce arm unveiled features allowing customers to track their inventory in bonded warehouses and create customized order reports, as...
Maersk Line Resumes Libya Service Maersk Line will resume container service to Libya on Sept. 8 in its first shipment since February. The world's...
APM Sells Half of China Terminal Stake APM Terminals agreed to sell half, or a 25 percent share, of its stake in China's Xiamen Songyu Container Terminal,...
NAFTA Surface Trade Rises 11 Percent The dollar value of U.S. surface trade with Canada and Mexico rose 11 percent in June to $77.5 billion, the...
Irish Continental Profit Falls 20 Percent Irish Continental Group's first half earnings shrunk nearly 20 percent to $23.2 million from a year ago, as higher fuel...
Japanese Port Resumes International Service Regular international container services will partially resume next month at the most important port in the northeastern Japanese region of...
FedEx Freight Expands in Mexico FedEx Freight is expanding in Mexico, adding terminals in Toluca, Puebla and Veracruz through its alliance with Mexican carrier Auto...
CMH Doubles Profit, Warns of China Export Decline China Merchants Holdings (International) doubled its first half profit year-over-year to $501.1 million, as the port operator's container volume grew...
OOCL Adds Two Cranes at Taiwan Port OOCL plans to increase productivity at its Kaohsiung Container Terminal in Taiwan by up to 10 percent by adding two...
India Tightens Rules for Aging Ships The Indian government will review vessels older than 25 years before they are allowed to sail in Indian waters. ...
Panalpina Starts Intra-Asia Truck Network Freight forwarder Panalpina, looking to capitalize on the growing importance of intra-Asia trade, is launching a dedicated trucking service connecting...
Alphaliner Says Vietnam Port Faces Overcapacity International port companies face rising losses at Vietnam's showpiece Cai Mep container port as terminals are operating at less than...
Mediterranean Shipping Co. MSC starts Oceania/Long Beach service said Monday it will start a service linking Oceania with the U.S. West Coast and Panama, providing a first direct link on the trade for the world's second-biggest liner carrier. MSC to raise westbound transatla...
SDDC works to reduce fees
CMA CGM profit sharply lower CMA CGM, the world's third-largest container liner company, said it had profit of $237 million in the first half of 2011, 72 percent less than the $849 million earned in the first half of 2010. The company had earnings before interest and tax of ...
Horizon may change transpacific service Horizon Lines is considering changes to its Five Star Express (FSX) transpacific service less than a year after launching it in December 2010. "While we expect to continue our transpacific service in the near term and to fulfill our obligations to ...
MSC starts Oceania/Long Beach service Mediterranean Shipping Co. said Monday it will start a service linking Oceania with the U.S. West Coast and Panama, providing a first direct link on the trade for the world's second-biggest liner carrier. MSC said it will also use the new Oceania ...
MSC to raise westbound transatlantic rates Liner carrier Mediterranean Shipping Co. said Monday it will raise westbound transatlantic rates to Canada and Mexico on Oct. 17. The increase, $200 per 20-foot container and $250 per 40-foot container, is applicable to origins in northern Europe a...
Maersk launches Ecuador service Maersk Line said it has launched ECUMED, a weekly liner service between Latin America and Spain, Turkey and the Black Sea. "Investment in the new ECUMED service has been motivated by customers demand for reliable, fast and high quality refrigerate...
KMTC adds three calls to intra-Asia loop Liner carrier KMTC has amended its intra-Asia loop connecting Korea and Malaysia with the addition of port calls, according to American Shipper affiliate ComPair Data. The carrier has added calls in Pohang, Ningbo and Penang to its KMSK service, ad...
CSX to expand Columbus terminal CSX said it is spending $59 million to expand an intermodal freight terminal in Columbus, Ohio. The company said the project is part of its National Gateway initiative, a project linking deepwater East Coast ports with Midwest markets. Earlier thi...
Fla. gives $2 million for logistics training Florida's Agency for Workforce Innovation on Friday awarded $2 million in job training and education grants aimed at helping the logistics industry find skilled workers that can boost its productivity and increase the state's ability to engage in ...
'No impact' on ferries in North American ECA CEO of Interferry explains why sulphur regulations that have been resisted in Europe have not caused a stir in the US and Canada.
US Coast Guard 'goes green and saves taxpayers dollars' Alaris fleet energy management programme identifies opportunities to reduce energy consumption by up to 48%.
Prices stable in Fujairah In Durban, deliveries for IFO products were available for supply between September 1-9
India outlines long-term plans to cut transport emissions Government says it will follow 'European pattern.'
Rotterdam and Hamburg firms Market 'bullish' in Piraeus.
Maersk Line welcomes 'important first step' on energy efficiency 'Now we just need to deal with the rest of the fleet,' says shipping giant.
Oversupply 'haunts shipping industry' Another shipping company announces falling profits and rising costs.
New trader joins International Bunkering Alexandros Margaritis will be working with 'clients from around the world'.
Bunker prices move up at major ports Demand for bunker fuel was low at key Asian ports on Tuesday.
New storage facility opens in Colombo New tank with 5,000 mt capacity will store 380 cSt bunker fuel.
Plans for LNG powered fishing vessel Wärtsilä and Rolls Royce involved in project.
CMA CGM first half profits plunge 72% Company manages to post $237 million in profits despite 36% surge in fuel costs.
Demand for bigger vessels will help shipbuilding sector But Daewoo expects fewer orders for newbuilds in the second half of 2011.
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