Shipping rebound rests on exit of inefficient yards IT IS a well-established fact (or that we should remind all market players again) that the global shipping sector remains plagued by a massive supply overhang amid meagre demand prospects up to 2013 at least.
Strait Talk
Cultural change needed to improve ferry safety08/02/12
WHILE the global shipping industry's attention has been focused on the capsize of the Italian cruise ship Costa Concordia, another passenger ship sank with loss of probably well over 100 lives but with much less media interest.
Shipping rebound rests on exit of inefficient yards IT IS a well-established fact (or that we should remind all market players again) that the global shipping sector remains plagued by a massive supply overhang amid meagre demand prospects up to 2013 at least.
Strait Talk
Cultural change needed to improve ferry safety08/02/12
WHILE the global shipping industry's attention has been focused on the capsize of the Italian cruise ship Costa Concordia, another passenger ship sank with loss of probably well over 100 lives but with much less media interest.
Aramex reports good 2011 results The Middle East-based express and logistics service provider Aramex achieved a 4% increase in profits and 18% increase in revenues for Q4/2011. The company generated an AED 57.2 mi...
Norbert Dentressangle wins three-year-contract with Mazda in UK The French service provider Norbert Dentressangle (ND) has won a new three-year contract with leading car manufacturer Mazda Motors UK Ltd. The Japanese company has appointed ND to...
Atlas Air Worldwide completes financing arrangements for remaining six Boeing B747-8F deliveries Atlas Air Worldwide Holdings, a leading global provider of outsourced aircraft and aviation operating services, recently announced that its Atlas Air Inc unit has entered into an U...
Icy weather disrupts Black Sea shipping Inchcape Shipping Services (ISS), a maritime services provider, advises that thickening sea ice, resulting from particularly low temperatures across Eastern Europe, is causing disr...
Road haulage jobs disappearing in Denmark Jobs within the transport industry are flowing out of Denmark, and the country's truck haulage sector is under heavy pressure from increasing costs and declining productivity. The ...
System integration of a UAE new railway line Ansaldo STS, a Finmeccanica Group company, has been awarded a contract in the United Arab Emirates by the Italo-Indian joint venture created by Saipem-Tecnimont-Dodsal. The agreem...
Zufall Logistics: Gerhard Grüneklee to retire on 29 February The German logistics provider Zufall Logistics has announced that Gerhard Grüneklee, a trained wholesale dealer, is retiring on 29 February. Grüneklee joined Zufall at the beginnin...
Nissan Motor Co develops new type of eco-friendly auto carrier The Japanese car manufacturer Nissan Motor Co has introduced an energy-efficient car carrier. The vessel, called the "Nichioh Maru", is equipped with solar panels and LED light sou...
Kukla Forwarding offers multimodal connections in Iraq Kukla, a forwarding company that specialises in multimodal transport, now offers a safe container transport service to Baghdad and to six other strategically important destinations...
Sernam in France can still operate, but... The French parcel delivery operator Sernam can still operate, but has six months to find a buyer. The company was recently placed under judicial administration for six months by a ...
CMA CGM to introduce rate increase on Asia-Europe/Med route The French container shipping company CMA CGM is introducing a rate restoration of USD 200/teu and an interim fuel surcharge of USD 550/teu on the Asia-Europe/Mediterranean route o...
Australia: CEO sought for first national vehicle regulator A global search is underway for the first CEO of Australia's new independent national heavy vehicle regulator (NHVR). The successful candidate will be accountable for driving forwa...
Schiphol airport reports modest cargo growth in 2011 Amsterdam Airport Schiphol handled 0.8% more cargo in 2011, compared to 2010. The Dutch facility processed 1.52 million t of airfreight, enabling it to retain its third place among...
Houston airport reports rising cargo figures In 2011, the total amount of airfreight processed at Bush Airport (Houston, TX, USA) increased by 6.1% over the totals recorded in 2010. Bush Airport finished 2011 by handling a to...
Lehnkering changing strategy and staff The shipping divisions of Lehnkering and Imperial are to merge and form a single unit in the Imperial Shipping Group. The Rhein Fracht and Lehnkering brands will be retained for ch...
Omsan Lojistik distributing for Türktipsan The Turkish logistics service provider Omsan Lojistik recently signed a goods distribution contract with Türktipsan, a serum producer. Under the terms of the agreement, Osman will ...
Rina awaits judgment over involvement in ferry deaths Outcome could have devastating impact on liability of class societies acting on behalf of flag states
Law firms line up to offer victims support in claims against Costa Attorney Stefano Bertone believes they will have a strong case
Ship finance and its broken record Is the industry as whole just repeating the same message over and over?
In defence of the US Jones Act Opening coastal shipping to competition is the thin end of the wedge
US confirms extension to scanning requirement Two-year waiver before implementation
LNG vessel demand could double by 2020 Pareto Securities forecasts that 352 additional ships could be needed if projects get approval
Cargotec reports 22% growth in sales Equipment manufacturer won new orders from Africa and the Middle East
More pain in Spain over new ship arrest regulations Overlapping conventions are creating problems for shipowners
New Indian reinsurance requirements create confusion Regulator only informed local reinsurers of new obligations
Q&A: IUMI's departing secretary-general As Fritz Stabinger prepares for his exit from the International Union of Marine Insurance, he shares his thoughts on the market
Bad weather fails to spark aframax rates surge Overtonnaged European markets absorb additional demand with ease
Panamax owners losing thousands of dollars on voyage charter deals Brokers say time charter equivalent earnings are far lower for dollar per tonne freight rates that charterers are preferring in weak market
Restorative actions The container lines pause for breath in a battle that will heat up again
Asia-Europe rates hike unsustainable says Global Shippers Forum Carriers try to talk up the market as canny customers fix long-term deals
Euro crisis could halve Chinese economic growth IMF warns China could be among hardest-hit if eurozone countries default
HHLA volumes rise 21.3% in 2011 Growth rates slowed towards year-end
Unifeeder goes it alone with Mediterranean feeder launch Feeder carrier seeks new niches as deepsea lines target the Baltic
US imports up 3% in December Year on year growth due to auto parts and furniture
KG investments hit an all-time low Shipping funds secured $668m of fresh capital in 2011
Money to the people Chinese government needs to stop funding state-owned industry and rekindle domestic demand
Dublin trade levels hold steady after 2010 surge Ro-ro freight volumes show little change and exports continue to grow, but lo-lo trade, bulk liquids and ferry passengers all slip
World Wide Supply adds two more PSVs to Damen orderbook Six platform support vessels to be built at Romanian yard valued at $1.1bn
ACL launches North America-Baltic service Grimaldi subsidiary teams up with Finnlines to serve Russia and Finland
China ship export values rise 8% Growth may stall this year as new orders fall
Sovcomflot sell-off may go ahead this spring Plans to privatise the world's third-largest tanker fleet operator stalled last year
Asia-Europe box rate hikes are unnaturally high, say Dutch shippers EVO argues that oversupply of containership capacity and a decline in volumes should lead to lower prices
Need to know Owners of drillships have been ordering with great abandon, but have kept information on contracts for these vessels in short supply
BLT defaults on First Ship Lease February payments FSL sets March 8 deadline for outstanding leases on three hired tankers
RWE's WTIVs delayed GERMAN power company RWE Innogy today confirmed a six-month delay for two new 'Seabreeze' wind turbine installation ships
Taxes blur breaking picture CONCERNS about impending taxes in India's upcoming budget spurred scrap sales last week, but Bangladesh's breakers remained cautious because of that country's 5% upfront tax
FSL might repossess tankers leased by BLT SINGAPORE'S FSL Trust said today it might repossess three chemical tankers leased to cash-strapped Berlian Laju Tanker
Maersk sells US chassis unit MAERSK said today it has sold its US intermodal truck chassis business so it can shift focus to core operations
Inquiry follows UK port spill AN INQUIRY is under way into a chemical spill that resulted in 20 Liverpool dock workers being taken to hospitals, Fairplay was told today
Greece holds 252 in migrant smuggling cases GREEK authorities were holding 252 people today in connection with migrant smuggling cases over the past week
Asian yard consolidation lags CONSOLIDATION of yards in Japan and South Korea would not be easy because of ties to domestic conglomerates, despite shrinking orderbooks, the 5th Shipping Finance Asia conference heard today
STX Pan Ocean plans $223M bond issue STX PAN Ocean will be issuing 250Bn won ($223.45M) in bonds on the Korea Exchange
Cold weather boosts VLGC market THE VLGC market is almost at breakeven levels, as colder temperatures in Europe and East Asia continue to stir up LPG demand
Unrealistic gas demand from Russia seen SUDDEN and unrealistic demands for more gas from European buyers seeking less volume at lower prices were caused by shortage reports, analyst said today
TBS files Chapter 11 BULKER and tweendecker owner TBS International voluntarily filed for Chapter 11 bankruptcy protection last night to facilitate a pre-packaged creditor plan
Panamax rates rise THE BALTIC Panamax Index rose 33 points yesterday, registering the biggest improvement among all the bulker classes, following the resumption of post-Lunar New Year chartering
Thailand slowly recovering from floods THAI EXPORTS are starting to bounce back after damage caused by flooding late last year, Fairplay was told today
UK won't touch tonnage tax THE UK government has sought to assure shipping that the tonnage tax will remain as it is
40% bulker slippage warned DRYBULK operators are warning that slippage in the bulker sector could hit 40% this year
Trucking Company Indicted for Breaking Driver Rules A federal prosecutor is charging a Pennsylvania trucking company with running a three-year scheme to avoid federal trucking driver hours...
Federal Inspectors Shut Down Indiana Trucking Company The Federal Motor Carrier Safety Administration slapped an out-of-service order on U&D Services, shutting down the recently established trucking company....
HHLA Boosted Traffic, Revenue, Profit in 2011 HHLA, Hamburg's biggest stevedore, boosted container traffic 21.3 percent in 2011 from a year ago, significantly outpacing growth in Antwerp...
US Shipments Index Grows 3.6 Percent The Cass Freight Index for U.S. domestic shipments pushed up 3.6 percent year-over-year in January, maintaining steady seasonal growth and...
Senate Sends FAA Authorization to Obama The Senate passed and sent to President Obama on Tuesday a bill authorizing the Federal Aviation Administration for four years,...
Air France-KLM Traffic Slumped 10.3 Percent Last Month Air France-KLM blamed a weak global economy and the timing of the Chinese New Year for cargo revenue slumping 10.3...
Zim to Raise Rates From India to Europe $750 Zim Integrated Shipping Services will raise its rates on westbound trade from the Indian subcontinent to Europe by $750 per...
Korean Air Adds Freighters to Trans-Pacific, Europe Services Korean Air said it will strengthen its cargo operations on a trans-Pacific and a North Europe service by adding a...
Korean's Busan Port to Build Mega Logistics Park The port of Busan is building a 22 million-square-foot distribution park to meet the demand for manufacturing, packaging, and assembly...
Ocean carriers put on their best poker faces It is perhaps no great surprise after the extreme volatility in container liner shipping over the past few years that rate negotiations should have come down to ...
HMM falls into red for 2011 Seoul-headquartered Hyundai Merchant Marine (HMM) has followed in the footsteps of compatriot South Korean carrier Hanjin and plunged into the red for ...
Nigerian 'all night' working supported by security staff recruitment It is understood that as many as 500 staff have been recruited to take care of security arrangements in Nigeria's main ports following the Federal Government's ...
Emirates to implement system wide rate restoration While recent headlines have been grabbed by the extraordinary USD600-800/TEU rate restoration programmes of ocean carriers involved in the Asia/Europe trades, liner ...
HHLA remains profitable Hamburg's largest container terminal operator Hamburger Hafen und Logistik (HHLA) continued to make good money last year despite constant pressure on its cargo ...
'Nightmare' on the Asia/Europe trade This is how Ingvar Bergman, logistics manager of Fun Food Equipment in Sweden, describes the past three-four years in moving cargo on the Asia-Europe trade.She ...
UASC joins the 775 club UAE-headquartered UASC has followed Maersk Line in imposing an USD775 per TEU rate restoration [RR] on shipments from Asia to north Europe and the Mediterranean ...
Ocean carriers still sticking to Asia/Europe rate increases Ocean carriers are still quoting high westbound all-in freight rates from Asia to Europe even though the Chinese New Year holiday is over. According to the Shanghai ...
Aden CT handles its biggest containership Troubles aside, this last weekend saw Aden Container Terminal (ACT), the largest box-handling facility in Yemen, process its largest containership. The 8,441TEU ...
BOSTCO award $60 million contract for storage terminal The contract award is valued at over $60 million and the work is scheduled for completion in 2013.
Cruise ship emissions under scrutiny Local authority in port city says issue must be addressed.
Prices firm across Europe Some Rotterdam suppliers fully booked until February 9.
'No fee' charters 'highly unusual' 'High cost of bunkers is providing a lack of incentive to ballast.'
Bunker prices lack direction in Middle East Some suppliers had no 180 cSt grade in Suez.
IBIA intervenes at IMO on cargo blending prohibition Wants to ensure bunker barge operations are excluded so regulation does not have 'unintended consequences'.
Slump in orders for 'basic, mainstream vessels' 'Demand for more sophisticated ships remains buoyant,' says Chinese shipbuilder.
Glencore raises stake in Chemoil to 89% Tuesday sees late trading halt in Chemoil shares.
Meeting distillate demand is becoming 'more difficult' 'We could see a spike in gasoil margins in the second half of 2012,' says hedging specialist.
Statoil Fuel & Retail reports lower full year profit Profits from its 'other product' segment decline despite higher marine oil sales seen in Norway.
Bunker price movemments mixed in Asian ports Demand generally low at key Asian ports on Tuesday.
Fuel efficiency tops checklist for Chevron VLCC charter deal Oil major will charter two new VLCCs equipped with fuel-saving engines.
Glencore gets bunker discount, 'zero hire' for panamax vessel Vessel operator says it 'makes sense' to pay Glencore to use the dry bulk ship.
LNG-fuelled ferries 'the future' for Baltic States Provided LNG bunker infrastructure is in place, says BLRT Grupp.
DNV unveils new tool for box ship designs Pre-Contract Tool able to measure vessel's fuel consumption and CO2 emissions.
Indonesian oil trader 'moving forward' with Batam operations Indonesia's Batam island a 'newly born oil trading area' that can compliment Singapore, says BAPP.
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