|MARCH 8, 2012|
- Demand for medium-range product tankers to rise this year
The richest investors in shipping are buying petrol tankers, anticipating that fuel demand will expand faster than the fleet for the first time in nine years.
- Surplus of tankers stays at year's high for 2nd week
A surplus of the largest oil tankers competing to load crude at Persian Gulf ports remained at this year's highest level for a second consecutive week.
|MARCH 8, 2012|
- OOCL joins rivals in raising Asia-Europe rates - US$450/TEU from April
- MOL hikes rate US$150/TEU on Far East to subcontinent from March 15
- Manila's ICTSI net profit increases 33pc to US$130.5 million in 2011
- Maersk spreads new layer of boxes to up capacity of SAMMAXer to 8,700 TEU
- Biggest quay crane in the world to be built at Shanghai Yangshan port
- Yantai western port area throughput surpasses million-tonne mark
- ZPMC signs contract with Port of Miami for sale of quayside cranes
- Sichuan to spend US$715 million to up port capacity to 1.65 million TEU
- CEVA 2011 profit increases 9.9pc to US$422 million, record sales up 0.7pc
- US Senate, House bill to quash court ruling against anti-China duties
- Valencia port chief says cutting transshipment discourages new investment
- Abu Dhabi's Khalifa Port takes delivery of mega box lifting cranes
- China Southern launches Guangzhou, Qingdao, Los Angeles cargo flights
- China Postal Airlines to start operating between Shijiazhuang and Seoul
- Ocean freight threatens as China high-tech plunge hits air cargo trade
- Victorville's Southern California Logistics Airport seeks world cargo
|MARCH 7, 2012|
- Hoyer special containers fly perishable confectionary ingredients to India
Since mid-February Hoyer, a traditional, independent family enterprise headquartered in Hamburg and one of the world's leading bulk logistics providers, has been using heatable int...
- Record volumes for Muscat and Salalah airports in January
Muscat Airport and Salalah Airport in Oman reported a dramatic rise in cargo traffic in January 2012. Muscat noted a 22% rise in the air cargo traffic, taking the tonnage to 9,075 ...
- Kögel to be pedigree manufacturer of box bodies
The panel competence centre in Duingen, Lower Saxony (Germany), has been a member of the Kögel group of companies since the end of 2011. Kögel, Europe's third largest manufacturer ...
- Contargo takes over Wincanton's container activities
The German transport service provider Contargo has taken over six terminals from Wincanton and purchased shares in another three sites. All of these facilities have been integrated...
- Crossrail contractor awards major contract to GBRf
Crossrail tunnelling contractor BFK has awarded GB Railfreight (GBRf) a major contract to move over 1 million t of excavated material from a tunnel portal at Westbourne Park in wes...
- Zufall Logistics expanding in Germany
The Zufall Logistics Group, a one-stop German logistics service provider based in Göttingen, recently took over Night Star Express's distribution zone in the Dortmund and Hagen reg...
- Kuehne + Nagel introduce active wireless sensors for airfreight real-time temperature control
The Switzerland-based logistics service provider Kuehne + Nagel is setting new standards in the handling of pharmaceutical products. As part of its KN PharmaChain product, the comp...
- More containers on Hamburg-Poland route
The port of Hamburg (Germany) noted a substantial increase in the number of containers that it handled for Poland in 2011. This follows a slight decrease in 2010. Boxes on feeder s...
- Containerships now serving Pori
Containerships, the Helsinki-based shipping line, is now serving the Finnish port of Pori. Weekly departures are available from Pori to Sodertalje, Klaipeda, Teesport, Sheerness an...
- DSLV welcomes plans for gigaliners
The German forwarding and logistics association (DSLV) welcomes the EU Commission's plans to partially allow longer and heavier trucks (LHVs) on international routes. The DSLV prom...
- Saudi Airlines Cargo to introduce new service from Saigon
Saudi Airlines Cargo is to launch a new B747 freighter flight from Saigon (Vietnam), on 25 March 2012. In combination with its Hong Kong flights, the service will be operated twice...
- Scan-Trans appoints new CEO
The shipping company Scan-Trans Worldwide has appointed a new chief executive officer with immediate effect. After a successful turn-around process, the board of directors selected...
|MARCH 7, 2012|
- Bollinger holds Fleet Dedication ceremony
- Aker Philadelphia Shipyard starts production of SeaRiver Aframax tankers
- Alcoa gets Navy contract to develop advanced welding techniques for shipbuilding
- Horizon Lines issues updates on environmental initiatives
- Bourbon reports 2011 annual results
- Wärtsilä launches new medium voltage power drive
|MARCH 7, 2012|
- Port of Everett processing first full load log ship since 2002
- Port of Bellingham continues grant program for small cities
- Horizon Lines taps Rodriguez as Puerto Rico vice president/GM
- Port of Portland celebrates start of new Hamburg Süd service
- Port association representatives call for federal support of seaports
|MARCH 7, 2012|
- Downturn deters investment in green shipping recycling
Owners under pressure to scrap for the highest possible price
- Bridging the Strait
The fortunes of Algeciras and Tangier Med are closely interwoven
- CMA CGM reports a $30m loss for 2011
The shipping line says it will buck the trend and end this year in profit
- The equipment purchaser's dilemma
Shipping needs equipment that works perfectly to avoid vessels being declared deficient in a port state control inspection
- Goldenport hikes dividend after return to annual profit
UK-listed container vessel and bulker owner increases revenues on larger fleet
- Firefighting capacity cut to a handful of coastal counties
Swathes of UK left without cover after Maritime Incident Response Group axed
- End of MIRG disappoints UK's shipping industry
Chamber of Shipping wanted to retain cover at key locations
- Senior firefighter slams decision to axe MIRG
Retain MIRG, argues Kent fire chief
- German wing of UniCredit retains shipping team
Bank still looking for the right deals, Janssen confirms
- High bunker prices are here to stay
Structural changes include falling fuel oil yield
- Shell reports 'boom' in technical failures on chemical tankers
Oil major blames lack of trained engineers and construction at cut-price shipyards
- Surge in Asia-Europe spot box rate lifts charter market's mood
Containership owners hope increased freight will translate into higher prices
- Box profitability index hits record low
Danish shipping lender says market outlook is weak in 2012
- Cruise reform likely before Costa Concordia investigation concludes
Industry bodies wary of unnecessary regulatory changes
- Cheaper Indian rail freight could boost iron ore exports
Move counters national drive to put domestic steel production first
- LR tanker locked in to low rate for three years
Formosaproduct Alpine will reportedly earn little more than operating cost
- Only one UK fire service confirms it will maintain maritime capability
Scrapping of Maritime Incident Response Group takes effect at end of this month
- CMA CGM pioneers new-style customer contract
Innovative approach to index-linked pricing could offer lines and shippers protection against volatility
- Nuntius joins the Rule B queue against Allied Maritime
Illinois complaint seeks redress for alleged loss suffered due to overdue ship redelivery in 2009
- UK standards for armed guards will be in place by end of the year
International regulation to follow in 2014
- Shanghai official calls for 'free trade towns'
Further integration between ports and townships urged to promote urban development
- Firefighting cuts
The UK's Maritime Incidents Response Group has had only half a dozen callouts since its inception in 2006, but the point is that MIRG operates by way of an insurance policy
- New regulations could drive chemical tanker owners out of business
Soaring compliance costs threaten companies' survival
- Dockers lock horns with bank
Occupy protests reach Italy as ship workers seize UniCredit-owned ship
- Qingdao Port to commission iron ore terminal that can receive valemaxes
But berth with nominal capacity of 300,000 dwt may operate below capacity
- Norden profit falls by $157m
Results for 2011 beat forecast, but Danish shipowner expects 2012 to be more challenging
- Shanghai port boss forecasts lower box growth
Chen predicts 3%-5% increase in volumes to as China's economy slows
- Diamantopoulou to head Greece's development and shipping ministry
Owners unimpressed as ministry structure remains unresolved
- Cosco Pacific plans further expansion in Fujian province
Cosco's Hong Kong-listed unit to own up to 40% of southeast China ports group
- ReCAAP gets another five years in Singapore
Anti-piracy information centre seals agreement for hosting headquarters
|MARCH 7, 2012|
- Tankers face US headwinds
THE EIA has lowered its forecast for US liquid fuels demand, weighing the outlook for tanker imports
- Yangzijiang eyes ship leasing arena
SINGAPORE-listed Chinese shipbuilder Yangzijiang said it is considering entering the ship leasing business with compatriot banks
- Allied tagged again
GREEK charterer Allied Maritime has been hit with another US lawsuit, despite its plea to counterparties for forbearance
- Greek shipping chief named
ATHENS has named former European commissioner and Socialist politician Anna Diamantopoulou as its new shipping minister, IHS Global Insight reported today
- Bourbon returns to profits
FRENCH offshore vessel operator Bourbon has swung back to profits during the second half of 2011
- Panalpina seeks market share in freight sales
GLOBAL freight forwarder Panalpina today vowed to focus on building market share in freight sales and management after moderate growth in 2011
- Avast! 'Pirates of Trapani' are angry
AN OIL tanker has reportedly been seized in Sicily by angry Italian crew members who dubbed themselves 'the Pirates of Trapani'
- Breaker sales exceed '11's
OWNERS are selling more vessels for demolition than during this period of last year, a shipping analyst has calculated
- China's caustic soda exports grow
CHINA'S caustic soda exports soared to a record of 2M tonnes in 2011, consolidating its status as the world's biggest caustic soda exporter, IHS Chemical reported
- Drybulk snarls ease again
DRYBULK port congestion has dropped for the third straight week, as ship day delays in the major coal ports decreased by 10%, while dropping 11.5% in iron ore ports
- VLCC rates hovering
BROKERS told Fairplay today VLCC rates are expected to remain even at best this week, with tonnage remaining ample for cargoes to be covered for the last week of March
- Norden's net profits fall steeply
DS NORDEN, the listed Danish drybulk and product tanker company, said net profits fell in 2011 to $87.8M, from $244.8M a year earlier
- Static drybulk rates seen
HIGH IRON ore inventories and slow coal demand in China mean that drybulk rates are likely to remain static until 2Q2012, RS Platou has predicted
- Tilbury-Gothenburg container link opened
THE UK-based unit of French box giant CMA CGM, MacAndrews, has reportedly opened a service linking Tilbury with Sweden's Gothenburg
- ICTSI profits rise 33%
PHILIPPINES port operator ICTSI's profits for 2011 rose 33% year-on-year to $130.5M
|MARCH 7, 2012|
- Senate Would Act Quickly on Transport Bill, Boxer Says
The Senate could pass a transportation bill quickly whenever Senate leaders agree to a package of amendments for debate, Sen....
- Villaraigosa: Infrastructure Investment is a Must
Mayors from throughout the U.S. are standing by their call urging Congress to enact multiyear surface transportation legislation, which would...
- Maersk to Launch India-East Africa Service
Maersk Line will launch a container service connecting the Indian subcontinent, the Middle East and East Africa, starting in early...
- Wilcox Savage Expands Maritime Law Practice
Industrial law firm Wilcox Savage is expanding its maritime practice in the port city of Norfolk, Va., adding attorneys Christopher...
- CMA CGM Lost $30 Million in 2011
CMA CGM swung to a net loss of $30 million in 2011 from a $1.6 billion profit in 2010 but...
- Panalpina Climbs Back Into the Black
Panalpina swung to a profit of $139.7 million in 2011 from a 2010 loss of $28.6 million as the Swiss...
- Sourcing Alternatives Challenge China's Dominance
Manufacturers are looking for lower-cost sourcing locations as China's wages rise well above those in other emerging markets. ...
- Hapag-Lloyd Hikes East Asia Rates
Hapag-Lloyd is seeking a series of general rate increases on East Asia services, as part of a new rate restoration program....
- Strike Is Possible, ILA's Daggett Warns
International Longshoremen's Association President Harold Daggett warned of a possible ILA strike if the union can't secure acceptable terms in...
- Indexed Ocean Contracts Catching On, But Slowly
Multiyear contracts indexed to freight rates are slowly starting to catch on in global trade lanes as a means of...
|MARCH 7, 2012|
- Panalpina and Ceva improve in 2011
Panalpina and Ceva improved their financial performance in 2011 despite adverse market conditions, underlining the stability of freight forwarders compared to ocean ...
- Colombia's river Magdalena to be upgraded
A significant stretch of the Magdalena river in Colombia is to be upgraded and its navigable channel improved in a bid to improve the movement of goods from the ...
- ICTSI posts strong results
International Container Terminal Services Inc's (ICTSI) strategy of investing in medium size regional ports and cargo-handling facilities is paying off with the ...
- Investors' angst as Greek deal goes to the wire
As the 20:00 GMT tomorrow [Thursday] deadline approaches for the terms of the EUR130 billion second bail-out for debt-ravaged Greece to be realised, equity investors ...
- Auckland sacks its striking dockers
The industrial action-plagued New Zealand Ports of Auckland has announced that it intends to dismiss its striking dockers and contract the work out, but will give ...
- INTTRA takes trading of containerised goods into 21st Century
INTTRA has introduced a multi-carrier and multi-bank electronic Bill of Lading (B/L) service that enables shippers to get paid faster for goods sold under letter ...
- ILA president goes to war on eve of US longshoremen negotiations
Labour contract negotiations between the International Longshoremen's Association (ILA) and the US Atlantic and Gulf ports later this month look set to be stormy ...
- Chassis antitrust immunity slammed by shipper at TPM
Concerns were raised yesterday at the Long Beach-hosted JOC TPM about the recent antitrust immunity granted to chassis manager Consolidated Chassis Management (CCM) ...
|MARCH 7, 2012|
- CMA CGM in profit pledge
French liner titan vows to return to the black this year after 2011 ended at a loss.
- Erria falls deeper into the red
Copenhagen-listed company battered by writedowns and floundering chemical carrier market.
- PNSC slated for sell-off
Pakistan lines up potential privatisation of state owner, but not before halting its monopoly on government business.
- FOW pens three more
Norwegian company's Windcarrier unit to pay $4.4m each for three crewboats.
- Bourbon profit drained
Higher financial costs push down 2011 earnings at French offshore ship giant, despite revenue rise.
- MOL tanker targeted
Gang attacks Japanese-owned vessel on the eastern edge of the Gulf of Aden.
- Goldenport returns to profit
Paris Dragnis-led owner overturns 2010 loss as it takes in newbuildings.
- Dolphin looking for $40m
Oslo-listed seismic company to tap investors for funds to add a seismic streamer package to a vessel.
- Blinded by the light
Sun reflections on water partly blamed for German cargoship and fishing boat colliding off Denmark.
- Norden to spread its wings
Both tankers and bulkers on the menu for Danish owner - but it won't be doing banks any favours.
- ICTSI expanding empire
Philippines operator buying into container terminal at Karachi in Pakistan as profit rises.
- They think it's Orlova...
It is now, as rusting Russian cruiseship heads to breakers following prolonged stay in Canada.
- Blaze hits Philippines ferry
All passengers accounted for after Cebu Ferry 1 catches fire off Batangas.
- Norden nails Q4 bets
Danish owner trumps forecasts in the fourth quarter but braces for lower 2012 numbers.
- Yuexin yokes huge order
Chinese shipyard wins deal to build 10 anchor-handlers for Marten of Singapore, plus 10 options.
| - Ocean news||web site|
|MARCH 7, 2012|
- CMA CGM reports 2011 loss, predicts turnaround
- FMC reviews 27 OTI license applications
- Very big ships entering transpacific
- Maersk suspends Europe-India ICON loop
- U.S. wants end to India's poultry trade ban
- Ex-Im Bank sets up in 4 U.S. cities
- DHL recycles electronics in Australia
- Indexed freight swaps now hedge backhauls
- Report: U.S. recycling legislation violates trade law
- SaaS-based supply chain management sees growth
|MARCH 7, 2012|
- New medium-voltage power drive launched
Drive is able to offer medium voltage solutions with increased efficiency and redundancy, which leads to lower fuel consumption and reduced operating costs.
- Horizon Lines' green initiatives see financial and environmental rewards
Company has reduced fleet fuel consumption by 3.5 percent and cut emissions by an estimated 231,000 tonnes.
- Sustainability goes 'hand in hand' with commercial success
Asia takes up the banner of sustainability, says Jonathon Porritt.
- Uncertainty 'most significant' barrier to uptake of GHG reduction solutions
EU study underway to analyse market barriers that prevent uptake of cost effective abatement opportunities and how to surmount them.
- CMA CGM back in the red
'Bunker prices soared 34% over the year,' says container shipping group.
- Prices soften in Fujairah
Prices falling in South Africa.
- European market softened
Rotterdam prices barely move.
- Container sector 'facing new phase of consolidation'
'Container industry will shrink to seven to 10 carriers by 2020.'
- Indian Shipping Corp. expected to hedge bunker purchases
Bunker costs made up 34% of its total expenditure in the final three months of 2011.
- Bunker prices falling in Asian ports
Players report 'above average' demand.
- Green Award certified ships offered discount on oil recovery system
Offer made after French firm joined Bureau Green Award as an incentive provider.
- German firm offers ultrasonic desulphuriser for fuels
Hielscher ultrasonic systems 'able to remove sulphur from bunker fuel.'
- Shipping industry to 'move towards' using LNG as bunkers
Gazprom to discuss the subject at a joint seminar next month.
- Brightoil: Volumes Clarification
Sales volumes for H2 were 6.6 million metric tonnes.
- WFS declares quarterly cash dividend
Dividend stable even as the company posted 'record' earnings for full year 2011.