|JANUARY 9, 2012|
- Baltic index slides to its lowest in nearly five months
The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell to its lowest in nearly five months as a slump in cargo trade and a growing vessel surplus took their toll.
|JANUARY 9, 2012|
- Rates increase between 1.7pc and 7.2pc ahead of Chinese New Year shutdown
- Nigerian unions stage nationwide strike threatening ports operations
- Evergreen's Father Chang fears bad times ahead in sluggish global economy
- MOL president warns of 'prolonged harsh' business environment
- OOCL adjusts Turkey customs advance manifest filing and amendment charge
- MOL trainees help clean up, deliver aid into hands Mindanao typhoon victims
- Chongqing first 11 months of cargo volume increases 23pc in 2011
- Malaysia's PTP up 15pc to 7.5 million TEU, beating global volume by 7pc
- Cochin crippled as transshipment port by cabotage rule conflict
- Western American BNSF railway offers new on-line intermodal system
- Canadian National Railway merges three units under Wisconsin Central name
- Toyota Canada names Canadian National Railway carrier of the year for 2011
- Air India quits loss-making air cargo business, to sell 6 freighters
- Shenzhen International Holdings Limited takes 24pc of Shenzhen Airlines
- New Ilyushin aircraft giant boosts Russia's Volga-Dnepr capacity
- China sees single-digit growth as Asia's airlines brace for bad year
|JANUARY 9, 2012|
- Cochin Shipyard unveils SCI supply vessels
- DNB, Nordea to thrive during troubled times in shipping finance
- Investors advised to buy Maersk
- Maersk registers biggest fleet increase in 2011
- Rickmers Tianjin to be christened at Mumbai Port today
- Videotel calls for effective training & regulation to avoid tragedy when shipping dangerous bulk cargoes
- Experts critical of RBI decision to cut export figures by $ 6 bn
- Payment hitch with Iran decelerating Basmati exports
- Chennai Port plans re-bid for deepwater container terminal
- Increased shipping, representative office boosting trade between Hamburg port & India
- OSL's Gopalpur port likely to be operational by Nov. this year
- Budget after March 9: FinMin
- Forex reserves tumble to 1-yr low
- Iran concerns push oil above $113
- Sharma to take up duty, visa issues with US
- Exchange for SMEs may be launched soon
- Expert calls for revision of badly drafted DTC Bill
- ITEC to publish Indian business manual in UAE
- Allcargo Logistics joins CEE network
- PPG congratulates Express Transport
- PPG starts year with new members
|JANUARY 6, 2012|
- Transnet Freight rolls out scheduled trains in South Africa
Transnet Freight Rail has begun implementing its scheduled railfreight services in South Africa. The first part of the schedule concerns the corridors of Phalaborwa/Maputo/Richards...
- Indian Railways carries 618 million t of freight
Indian Railways carried 618 million t of revenue-earning freight traffic between April and November 2011. Freight increased by 24.6 million t over the volume of 593.4 million t car...
- Toll Group's head of strategy and M&A leaving
Toll Group, an Asian regional provider of integrated logistics, has announced the retirement per 30 June of Stephen Stanley, its long-standing head of strategy and mergers and acqu...
- Heavy goods vehicle rest area to be built near Grong Grong
Long-distance truck drivers and other regular users of the Newell highway will soon have an additional place to pull over and take a break or catch up on their sleep by mid-2012, f...
- Volvo delivers 45% more trucks
Deliveries of Volvo trucks rose in November by 45% over the same period of the previous year, to 11,300 trucks. Total deliveries in Europe for November came in at 4,400 trucks, an ...
- Project Professionals Group starts year with new members
The Project Professionals Group (PPG), a heavylift forwarding network, has made a successful start to 2012, with new members from Nigeria and Taiwan joining. PPG general manager Ke...
- TX Logistik promotes Norbert Rekers to intermodal head
Intermodal sales manager Norbert Rekers will assume the management of TX Logistik's intermodal unit on 1 February, succeeding Patrick Zilles, who is stepping down of his own accord...
- Rieck adds airfreight office to Düsseldorf branch
The Berlin-based Rieck Logistik Group added an airfreight office to its Neuss site near Düsseldorf (Germany) on 1 January. The groupage and waste logistics units have already been ...
- Turkish Cargo launches freighter flights to Libya
Turkish Cargo is launching scheduled twice-weekly freighter flights to Mitiga airport, 8 km outside Tripoli (Libya). Depending on demand, either Turkish Cargo's A310 freighters, wh...
- Boeckmans appointed Belgian agent for EAS MPV African service
Boeckmans Belgium has been appointed as the Belgian agent for the newly-formed Multipurpose North West Continent Service of the Spanish shipping line EAS (Marguisa Group, Madrid), ...
- Hong Kong airport authority welcomes deal with Taiwan
The Airport Authority Hong Kong has welcomed a new air services arrangement signed by Hong Kong and Taiwan recently. Stanley Hui Hon-chung, the body's CEO, said that the arrangemen...
- Ports of Antwerp and Rotterdam to cooperate on pipelines
The port authorities of Antwerp and Rotterdam plan to cooperate to reinforce the pipeline infrastructure between the two hubs, as set this out in a declaration of intent signed by ...
- Hellmann takes over Hit Starintex Holland and Hit Belgium
The international German logistics service provider Hellmann Worldwide Logistics, which is based in Osnabrück, has taken over all activities of Hit Starintex Holland and Hit Belgiu...
- Malaysia Airlines starts route rationalisation scheme
Malaysia Airlines is cutting loss-making destinations this month, beginning with the withdrawal of a daily connection between its hub in Kuala Lumpur and Surabaya (Indonesia). Link...
|JANUARY 6, 2012|
- Foss Maritime partners with Confederated Tribes to build new WSDOT ferry
- Survitech Zodiac escape slides chosen for two Austal built fast ferries
- DNVPS appoints Charlotte Rojgaard as Global Technical Manager
- Gibdock complets repairs to cruise ship Pullmantur Zenith
|JANUARY 6, 2012|
- Port of Portland Commission sets review hearing for PTIP
- Foss Maritime joining team to build new Columbia River ferry
- Workboat Academy expanding Mate Program campus locations
- Dick Marzano named president of Tacoma Port Commission
- Rail freight traffic count climbs during week
|JANUARY 6, 2012|
- Brazilian shore leave policy leaves US crew in the crosshairs
Seafarers on US-flag Fisher forced to remain onboard for Christmas and New Year
- Master's plight highlights the human element
On the master's first voyage in charge, his grandfather died in the US but the visa problem blocked a relief officer from entering Brazil
- Noatum eyes box throughput
New commercial director says there are no takeovers on the immediate horizon but 'we are looking worldwide'
- VLCCs would take biggest hit from Middle East Gulf disruption
Shipments out of region account for over 80% of total VLCC voyages globally
- Brookfield to invest in box lines' terminal assets
Group targets ports in the Americas seeing plenty of room for improvement
- Finnish port to open Bay of Bothnia's first automated box terminal
Raahe to have 'significant competitive position' after improvement of services
- Leap year for optimistic Greeks?
RBS to lend $2bn to shipping industry in 2012
- LNG market at less risk from closure of Strait of Hormuz
Although Qatar is world's largest exporter, owners should be able to command high prices as there too few ships to transport growing demand
- No alternative route to export Middle East Gulf crude oil
Despite theories bouncing around international media, the Strait of Hormuz is vital to the crude market
- In memory of the Dona Paz victims
More lost than on the Titanic, yet ferry sinkings still claim too many lives
- EXCLUSIVE: Strait of Hormuz closure would spell disaster for Asian tanker owners
Iran's threat to block vital crude oil passage from Middle East Gulf would hit Japanese and Chinese companies hardest
- PetroChina is first Chinese company to buy Canadian oil-sands venture
Chinese thirst to secure supply brings welcome news for tanker owners
- Golden Ocean agrees GCL settlement
Norwegian firm filed US court case over Ocean Minerva hire dispute last month
- Dry bulk cargo volumes to grow at over 7% in 2012 and 2013
Newbuildings deliveries will more than absorb additional demand
- Massive orderbook outpaces demand growth for dry cargo
2012 orders make up a fifth of current fleet
- Climbing oil product trade volumes will keep product tankers buoyant
Growing Middle East to Asia trade set to support larger product tankers
- New year brings stability to LNG rates
Spot and one-year charter rates stagnant since year-end
- Capesize market wakes to new year headache
Rates continue to drop as higher fuel oil prices add to costs
- Box rate recovery slows
Shanghai Containerised Freight Index increases 2.9%
- Product tankers set for slow recovery by end of this year
Improvements are expected but owners should still plan for 'uncertain times', says DVB Bank
- Box indices acceptance
Scepticism remains over using derivatives for risk management
- Wanted: shipping experience
Private equity firms and banks need enterprising young professionals
- SeaFrance decision due on Monday
D-day for workers' co-operative bid
- EXCLUSIVE: Box derivatives a big hit in China
Shanghai Shipping Exchange hopes to open participation to foreign companies
- Syndicated loans to slow in 2012
Banks increased marine lending to $68.4bn last year
- FFA does not give rise to maritime claim, California federal court rules
Decision in Adele Marina Rizzo case deviates from established case law that has held the opposite
- EXCLUSIVE: MoD rejects industry calls for military armed guards
Deployment would overstretch resources, says observers
- Bank's index of market sentiment signals lower freight volumes
Forwarders are mildly more optimistic after an all-time low, but still expect a slight fall in overall throughputs
- US dockers in Global Terminals protest
Fears that new technology threatens jobs
|JANUARY 6, 2012|
- Evergreen backs recovery with bonuses
EVERGREEN chairman Chang Yung-fa has put money where his hopes are in pledging year-end bonuses for the box giant's staff, despite economic uncertainty
- Non-union SeaFrance workers seek solution
NON-UNION SeaFrance workers launched an appeal today aimed at persuading DFDS and Louis Dreyfus Armateurs to renew their offer for the ferry operator
- $7.3M in cannabis seized
OFFICERS have seized cannabis worth £4.8M ($7.3M) at Tilbury's port in eastern England, the UK's Border Agency told Fairplay today
- POLSTEAM signs $42.5M deal
POLSTEAM, the leading shipping company of Poland, and fertilizer producer ZCh Police have reportedly signed a deal worth 150M zloty ($42.5M)
- Alaska pursues LNG exports
ALASKA Governor Sean Parnell has met with energy industry bosses to discuss a major export scheme to covert North Slope natural gas to LNG for sea transport to Asia
- Bright prospects seen for chem tankers
GERMAN shipping bank DVB has predicted that freight earnings and utilisation rates for chemical tankers are headed for two years of steady increases
- Thermal stocks fall in India
THERMAL coal inventories at India's ports are dwindling after months of inertia, IHS McCloskey reported today
- Freight agents expect slowing
THE OUTLOOK for global container traffic has weakened further, according to fresh research and surveys published this week
- Bank predicts GPPL boom
CREDIT Suisse, which holds a stake of 4.24% in APM Terminals-owned Gujarat Pipavav Port Ltd, has predicted big gains for the port company, tied to fast growth in India's box volumes
- Bunker price surge steels VLCC owners' resolve
BUNKER prices have surged to exceed $720 per tonne in Fujairah and Singapore, brokers told Fairplay today
- LR tanker rates tumble
LR2 TANKER rates have dropped to Worldscale 88.21, or $7,458 per day, after hovering before Christmas at W105 ($9,661/day) on Persian Gulf/East routes
- Regional competition rising across Asia
CHINESE intra-Asia liner SITC told Fairplay today it expects more carriers to compete in its sector as regional trade grows, reflecting depressed long-haul freight rates
- CMA CGM acquires DPW's terminal stake
CMA CGM has taken full control of Terminal Med Europe in Marseilles after acquiring the 50% stake of its partner DPW
- Crowding blamed in fatal Madagascar sinking
CROWDING caused the fatal sinking of a small cargo ship in Madagascar, investigators have determined
|JANUARY 6, 2012|
- Three CSX Trains Collide, Spark Chemical Fire in Indiana
A collision of three CSX Transportation trains caused a massive chemical fire and possible hazardous chemical spill Friday afternoon in...
- Analyst Says US Export Growth Will Outpace GDP in 2012
The value of U.S. exports in 2012 will grow at twice the rate of GDP, with the value of outbound...
- 2011/2012 Annual Review & Outlook - Insecurity in the Air
For those in the air cargo industry, 2011 was a year spent taking inventory of progress on enhancing national security...
- 2011/2012 Annual Review & Outlook - 3PLs Weathering the Storm
Despite a string of natural disasters and the global economic malaise, third-party logistics service providers performed well through the first...
- 2011/2012 Annual Review & Outlook - Bullish on Transport
The U.S. economy has undergone major changes in last few decades. In 1950, goods-related activity was 40 percent of GDP....
- 2011/2012 Annual Review & Outlook - When the Box Becomes the Engine
International container business has been a key element in the development of the North American rail intermodal transportation market for...
- Exporters Urge Congress to Increase Ex-Im Bank Lending
U.S. exporters say they may have trouble financing projects unless Congress lifts the lending cap of the Export-Import Bank of...
- US Steel Imports Rose 18 Percent in November
U.S. steel imports rose 18 percent in November from a year earlier and were up nearly 20 percent in the...
- ILA Protests Automation in NY-NJ Port
More than 200 International Longshoremen's Association members on Friday protested a New York-New Jersey container terminal's labor-saving technology plan, foreshadowing...
- 2011/2012 Annual Review & Outlook - Ports' Taxing Challenge
As the American Association of Port Authorities celebrates its centennial year in 2012, we look forward to working with Congress...
- 2011/2012 Annual Review & Outlook - Hardly Demanding for Imports
Overall U.S. containerized imports grew modestly in 2011, rising 2.2 percent from 2010 - slightly lower than what I predicted...
- 2011/2012 Annual Review & Outlook - High Stakes for Free and Fair Trade
2012 is likely to be another active year for international trade. It is, of course, an election year, and that,...
- Three Unions, Railroads Reach Agreement
Three unions representing railroad workers this week ratified contracts with major U.S. railroads, leaving only one union to not have...
- Transportation Hiring Cuts Into Jobless Rate
Stronger than expected job gains in transportation and manufacturing helped reduce the U.S. unemployment rate to 8.5 percent in December,...
- Truckload Rates Set to Rise, TransCore Says
Truckload rates rose less than some carriers expected but more than shippers wanted in 2011, with spot market rates on...
- 2011/2012 Annual Review & Outlook - A Test of Wills
When will the pain get so bad it's no longer tolerable? The fate of container shipping in 2012 is tied...
- 2011/2012 Annual Review & Outlook - Balanced Out
Anyone interested in the direction of business in 2012 should spend some time walking the aisles of Home Depot's financial...
- Greenbrier Doubles Revenue on Railcar Demand
Rising rail freight and equipment demand sent revenue soaring at railcar and barge maker Greenbrier in the last quarter, strengthening...
- Asia-US West Coast SCFI Rate Jumps 7.2 Percent
The average rate for spot rate for container shipping from Asia to the U.S. West Coast jumped 7.2 percent in...
- 2011/2012 Annual Review & Outlook - Seeking Facility for Growth
U.S. warehouse facilities have never played a more vital role in supply chain strategies. As the U.S. economy slid into...
- DP World to Operate Vancouver Island Terminals
DP World Vancouver plans to ship containers from the Port of Nanaimo to mainland Canada after the terminal operator recently...
- New York-New Jersey Imports Rise 5.2 Percent
Container imports through the Port of New York and New Jersey in November grew 5.2 percent year-over-year, offsetting a slim...
- MSC Hikes India to Europe, Mediterranean Rates
Mediterranean Shipping Company will apply a general rate increase on westbound trade from India to North Europe and the Mediterranean,...
- Freight Index Signals Steadier US Shipping Demand
The Cass Freight Index for U.S. domestic shipments inched up 0.7 percent in December over the previous year, signaling new...
|JANUARY 6, 2012|
- Hammond sends warning shots to Iran
The UK's minister of defence, Philip Hammond, has warned Iran's navy leaders and Government officials that their veiled threats of closing the Straits of Hormuz ...
- CSAV gets deeper into bed with MSC
CSAV will be withdrawing its ABS service between Asia and the Black Sea in February 2012 in favour of buying slots on MSC's Tiger service. Only scant details have ...
- Nigeria in crisis
Nigeria will likely come to a standstill on Monday January 9, 2012, as the country's main labour unions, including Nigeria Labour Congress (NLC) and Trade Union ...
- Safmarine launches Android apps
Safmarine Container Lines has extended its e-business applications to users of mobile devices using the Android operating system meaning that these customers are ...
- US intermodal traffic sees 'good ending' for 2011
US intermodal rail volumes are continuing their upwards trajectory as traffic for 2011 reached 11.9 million trailers and containers, up 5.4% over 2010 and a 20.4% ...
- MIQ launches new logistics centre on US east coast
US (Kansas)-headquartered MIQ Logistics has opened a new logistics centre on the US east coast in order to offer 'significant scale and easy access' into ...
- Mombasa gridlocked again
A rush of imports, further failures of the port's edi systems, ongoing issues with regard to consignees delaying the delivery of their cargo and congestion problems ...
|JANUARY 6, 2012|
- Banks bet on Oceaneering
New York-listed offshore syndicate secures cash for growth as banks join forces to back $300m credit facility.
- Demolition dash
Brokers link Vinalines of Vietnam and Hong Kong's Hua Ming to freshly minted scrapping contracts worth nearly $10m.
- DB tackles tanker threat
Equity Analyst says shares of Frontline and OSG would be poised to pop if Iran were to close the Strait of Hormuz.
- TMS tanker tops detainee list
George Economou-backed tanker entities join Evalend Shipping and others on USCG's December detention report.
- Modec sells Ghana FPSO
Japanese owner nets $750m from the sale of floater to Tullow Oil-led consortium.
- YPF to spark LNG floater
Repsol's Argentine spin-off lending a hand at slow-moving floating regasification project.
- Ro-pax takes shelter
Passengers stuck on UK's Commodore Clipper overnight as storms battered Jersey.
- Drought adds to dry woes
La Nina weather phenomenon will offer a further headache for the bulker market in the next few months, ICAP says.
- Soltin snatches cargoship
Danish owner picks up 1997-built Tirador at auction in Rotterdam.
- NewLead sells another cape
Nasdaq-listed owner tipped to have cashed a further vessel in scrap-level deal with a Chinese owner.
- Shipping down the pan
Industry bigwigs gloomy about 2012 prospects, but private equity could be sifting through the dirt for golden nuggets of opportunity.
|JANUARY 6, 2012|
- Prices uncertain as week ends
Crude futures lower over European economic worries.
- Vessel adrift after engines fail
Fishing vessel has 145 mt of bunker fuel on board.
- South African market stays firm as Fujairah softens
MGO prices in Durban see gain of more than $50 pmt.
- Week ends with prices softening in Rotterdam
South Europe shows mixed picture.
- Emulsion fuel system promises fuel savings, emission reductions
Fuel savings of 5% to 15% means ROI within months, along with up to 50% NOx and 90% PM reduction, according to maker of the onboard unit.
- Brightoil leaps to second place in table of Singapore suppliers
BP remains in the top slot for eighth year running.
- Durban supply tightens further on refinery issues
180 cSt prices soar amid very limited quotes and spot market may dry up soon.
- Consultancy considers impact of sanctions against Iran
European embargo of Iranian fuel oil would have little significance, says energy consultant.
- New Global Technical Manager for DNVPS
Charlotte Rojgaard has taken over Singapore-based position from Dag Olav Halle.
- Bunker prices falling across Asian ports as week ends
Supplies remain tight in Singapore and Hong Kong, say traders.
- LNG-powered OSVs in US Gulf 'likely' to become trend
Availability of LNG and implementation of the US ECA makes LNG a 'natural choice', says ABS Chief Engineer.
- High bunker costs to hurt NOL's profitability
Investment bank maintains NOL's 'Sell' rating amid flat intra-Asia freight rates and high bunker costs.
- SGX fuel oil futures contract volumes dwindle
Players 'not surprised' that trading volumes dipped in 2011 with no lots traded since May.
- Tugboat in illegal bunker transfer case seized
Singapore coast guard seizes tugboat involved in illegal transfer of bunker fuel.
- Hong Kong government wants ECA feasibility study
Hong Kong's Environmental Protection Department wants consultation study on ECA proposals.