|JANUARY 10, 2012|
- Ship union to seek extra pay for members
A union representing 23,000 seafarers will seek extra payments for its members if Iran's threat to disrupt oil shipments through the Strait of Hormuz endangers their safety, as US officials ramped up rhetoric against the Islamic state.
- NZ starts cleanup after cargo ship splits
Shipping cargo and debris are littering a beach on New Zealand's North Island after Rena, the 236-metre container vessel stranded on a reef since October, yesterday split into two in rough seas.
- China firm delays ship rental payments
China's Shagang Shipping has failed to pay millions of dollars in vessel rental fees to Diana Shipping, said a source close to the Greece-based firm, as Chinese maritime companies struggle through a downturn in the dry bulk freight market.
|JANUARY 10, 2012|
- Maersk expands box capacity at double the rate of rivals in 2011
- Little oil sighted after Rena splits in two off New Zealand's North Island
- Nigeria braces for general strike over fuel as Muslims torch the north
- 52-kilometre Shanghai-Jiangsu highway opens with its 7-kilometre bridge
- Dalian box volume to be 6.4 million TEU when full 2011 numbers counted
- China, Japan, South Korea, Russia sign rail-water transport accords
- Mombasa port mulls surcharge, carriers impose their own to end gridlock
- Canadian ports tell FMC tax evasion plays no role in US cargo diversion
- Port of Montreal marks record year up 4pc to 1.2 million TEU
- DP World to take over port facilities in Nanaimo, British Columbia
- US weighs retaliatory action against Europe's aviation carbon tax
- Chinese air carriers say no to EU carbon tax, Cathay considers surcharge
- Analysts: FedEx US$400 million airmail deal at risk, UPS contract safer
|JANUARY 10, 2012|
- APM TERMINALS now in charge of Sweden's biggest container terminal
- CIIs second international boating conference on Feb. 24
- Demand for LNG tankers seen reaching all-time high this year
- EVERGREEN LINE restarts UAM pendulum to North America, Asia and Med
- Fujian's transhipments cross 10 million tonnes
- Hefei port launches container shipping service to Shanghai
- MAERSK LINE adds Tangiers in backhaul call on AE loop
- MSC buys slots from Asia-ECSA loop
- Safmarine increases Salalah-Mombasa feeder frequency
- Shanghai box rate index shows sharp surge towards end-2011
- Wan Hai, Sinotrans launch north China-Taiwan loop
- EU debt crisis drives coffee exporters to eye new markets
- Imports fulfil demand for electronic parts: Survey
- GMB ports handle 13.66 pc more cargo in nine months
- NMPT increasing overall capacity, boosting box throughput
- Bahamas export figures genuine
- Bold reforms & stability in policy required to push exports: Fieo
- Fieo elects Rafeeque Ahmed as new President
|JANUARY 9, 2012|
- Pierandrea Galli new CEO of Cargolux Italia
Cargolux Italia appointed Pierandrea Galli as its chief executive officer and accountable manager on 1 January. Galli has 23 years of experience in the aviation industry and has w...
- DB Schenker opening Inner Mongolian office
DB Schenker Logistics, the logistics division of Deutsche Bahn, is expanding in China, opening a new branch in Hohhot, the capital of Inner Mongolia, an autonomous region of China...
- Logwin expands presence in China with Chengdu office
Logwin, a global leader in air and ocean freight and logistics services, has opened a new sales office in Chengdu, Sichuan province (China), thus further strengthening its presenc...
- Bibby Distribution secures Halo Foods contract in UK
The UK-based logistics company Bibby Distribution has secured a contract with Halo Foods, a sister company of Honey Monster Foods and Fox's confectionary, for which Bibby provides...
- Toyota South Africa Motors now transports vehicles by rail
Durban-based Toyota South Africa Motors transports its vehicle by rail now, having signed an agreement with Transnet Freight Rail. The contract will be executed in three phases, wi...
- Russian Railways ends 2011 with positive result
Preliminary forecasts see Russian Railways achieving a net profit of RUB 17.7 billion, or approximately EUR 424 million (under Russian accounting standards). Operating income incr...
- Infrastructure upgrade in Senegal and Gambia
The African Development Bank has approved USD 107 million for the construction of a trans-Gambia bridge and cross-border improvement project in Senegal and Gambia. The project wil...
- Czechia raises road tolls
Czechia has increased its road tolls by 25% for all commercial vehicles weighing more than 3.5 t and also applies to journeys undertaken on Fridays between 15.00 and 21.00. Only t...
- Volga-Dnepr adds modernised IL-76TD-90VD to fleet
Volga-Dnepr Airlines has added a fourth modernised IL-76TD-90VD cargo aircraft to its fleet. The fourth new generation IL-76TD-90VD freighter was built to order at the Tashkent Ch...
- Royal Jordanian awards GSA contract to Globe Air Cargo
Royal Jordanian Airlines has awarded its cargo GSSA contract for Austria and Eastern Europe to Globe Air Cargo, a part of the ECS Group. The full GSSA contract includes road feede...
- Barig welcomes new South American member
The Board of Airline Representatives in Germany (Barig) welcomed Surinam Airways as a new member at the beginning of the year. Surinam's flag carrier will figure as an offline car...
- Ukrainian ports offer transit rebates
The handling of transit goods is set to be reduced substantially in Ukrainian ports in 2012. Deputy prime minister and infrastructure minister Boris Kolesnikov has announced rebat...
- Port Louis Mauritius to double terminal capacity
The Mauritius Port Authority is set to invest USD 222 million more in the expansion of its facilities. It will deepen the fairway to 19 m by 2015. A second container terminal will...
|JANUARY 9, 2012|
- Rolls-Royce and Great Lakes Shipyard to upgrade Interlake Steamship tug
- Harvey Gulf picks ABS to class LNG-powered offshore supply vessels
- MSC realigns its shoreside operations
- Donjon salvages barge sunk under Newport Pell Bridge
- Meyer Werft floats out Disney Fantasy
- Keppel AmFELS to build and upgrade Diamond Offshore semi
|JANUARY 9, 2012|
- Foss Maritime earns patent for hybrid propulsion/energy system
- Diluted earnings per share down for Schnitzer Steel
- AAPA sets workshop coverning public/government relations
- The Greenbrier Companies reports fiscal first quarter numbers
- Assistant Secretary of Commerce for IA receives ceremonial swearing-in
|JANUARY 9, 2012|
- Stealthgas pockets $30m from raft of time charters
Company also sells vessel for $1.3m profit
- Pension fund investors see potential in port assets
Long-term stable cash flows are essential
- Refinancing deals show confidence in UK ports
Two benchmark deals signed late last year as non-eurozone banks stay in the frame
- The devil is in the detail
Is the 2013 deadline on technical operational measures opening a Pandora's box of problems?
- Armed guards need rights
If a pirate craft opens fire after a warning, the guards should be able to return fire
- Can the dire strait be avoided?
Europe is in no fit state to threaten Iran
- Cargo liquefaction costs lives
Industry must address mis-declaration and improve monitoring of loads
- Technology can reduce the risk
Better designs will stabilise bulk carriers and cut risk of liquefaction
- US refineries export record volumes in fourth quarter 2011
Extra cargoes boost tanker owners
- US investment firm buys chemical tanker
Outsider interest brings new hope to secondhand market
- China Shipping tops European customer-service poll
Shippers give thumbs down to Maersk
- Maran lands Lloyd's Register's first energy-management certificate
Angelicoussis tanker company hails certification 'milestone'
- Pertamina books VLGC for three years as charterers take upper hand
Time charter and spot LPG shipping prices on the slide
- HSH Nordbank and unsecured creditors file rejoinders in Omega Navigation Enterprises Chapter 11 case
Separate filings come ahead of cash collateral hearing
- SeaFrance in administration
President Sarkozy promises 'credible solution' for ferry company employees
- Solvang orders full SOx scrubber for LPG newbuilding
Shipowner will have two systems installed o n an 84,000 cu m liquid petroleum gas carrier
- HSH Nordbank confirms cancellation of Chinese bank's $500m loan deal
China Development Bank's move came after Moody's downgraded HSH
- Hamworthy shareholders say yes to Wärtsilä acquisition
Deal due to be completed by the end of January
- Restis increases stake in Seanergy
Nasdaq-listed owner announces $10m injection by major shareholders
- Awilco extends LNG charter for WilEnergy for six months
Spot rates to stay high as market remains tight
- Older bulkers see value slide
Vintage tonnage fetches lower prices after a sluggish week for sales
- Scrap sales to Bangladesh reflect hopes that yards will reopen
Chittagong breakers await High Court hearing on Thursday
- Keeping oil flowing
The UAE is reportedly planning a pipeline that could export crude oil if Iran closes the Strait of Hormuz
- Standard restructures to prepare for Solvency II
P&I club creates a European umbrella insurance company
- Troubled waters
South China Sea stand-off sends a message to the US
- Eurotunnel to make an offer for SeaFrance ferries
Move will secure cross-Channel capacity if SeaFrance goes bust
- DFDS Seaways expands freight services
Demand buoyant on the Humber
- European oil majors lose ground to Asia in dirty tanker charters
Shell holds top spot in Poten top 20
|JANUARY 9, 2012|
- UAE's pipeline alternative to Hormuz is delayed
A PIPELINE alternative to the Strait of Hormuz has reportedly been delayed until at least April
- Restis props up Seanergy
NASDAQ-listed bulk operator Seanergy today announced two loan revisions and a $10M equity injection from its controlling shareholder, the Restis family
- Court orders liquidation of SeaFrance
SEAFRANCE today was placed into liquidation and ordered to cease all business activity
- Silport traffic rises 40%
ESTONIA'S Silport said it raised throughput in 2011 by 40% year on year.1108732.timg
- Kochi billing opposed
SEAFOOD exporters in Kerala have appealed again to the High Court over terminal handling charges, with lines refusing to co-operate with a new system of direct billing
- Ro-ro explosives seized
OFFICERS have seized a explosives aboard a ro-ro at Masbate's port in the Philippines
- Static year for dirty fixtures
DIRTY fixture levels were fairly static in 2011 versus the previous year, brokers told Fairplay today
- Portugal's ports on strike
PORTUGAL'S port workers today reportedly began a five-day strike that threatens to disrupt exports
- Modest increase in box rates
BOX RATES continued to increase last week in the run-up to the Lunar New Year, albeit at a modest pace
- Eurotunnel springs shock SeaFrance entry
EUROTUNNEL today made a surprise late entrance in the SeaFrance saga with an offer to buy the Channel ferry operator's ships
- Place your bets, breakers
CASH BUYERS are placing their bets by acquiring ships for delivery to Bangladesh's breakers, even though they have yet to get court approval to resume recycling
- Waves finally break Rena
BATTERED by 7m waves, the stranded box ship Rena has finally split in half, with both the front and back sections still lodged today on a New Zealand reef
- Isle of Man tonnage rises
THE ISLE of Man Ship Registry said today tonnage under its flag hit a new high in 2011
- Efnav buys TORM ships
GREECE'S Efnav has apparently bought two Kamsarmax newbuildings that embattled Danish owner TORM transferred to strengthen its balance sheet
- COSCO shuffles bosses
MA ZEHUA, boss at China COSCO Holdings, has been appointed chairman of the group's shipbuilding arm Cosco Corp (Singapore)
|JANUARY 9, 2012|
- Diesel Prices Rise for First Time in Seven Weeks
Diesel prices across the United States increased for first time in seven weeks in the week ending Jan. 9, rising...
- Scraping Bottom: How Deep Are They?
The budget cutting sweeping through Washington won't help U.S. ports looking to prepare for the big, new ships that will...
- Customer Expansion to Drive CSX Business Up $230 Million
CSX Transportation stands to gain more than $230 million in annual revenue from nearly $1.4 billion in new facilities built...
- US Xpress Names Smith President of Arnold Unit
U.S. Xpress Enterprises picked Todd Smith, former president of truckload operator LinkAmerica, as president of Arnold Transportation Services, a 750-truck...
- Yusen Logistics Begins Shanghai-UK LCL Service
Yusen Logistics this week launched a weekly less-than-containerload service from Shanghai to Southampton, U.K., as the forwarder builds on a...
- Kerry to Build Logistics Center in North-Central China
Kerry Logistics will build a 753,000-square-foot logistics center in Zhengzhou, as the third-party logistics provider expands its reach in north-central...
- CP Rejects Push by Activist Investor to Replace CEO
Canadian Pacific Railway directors unanimously rejected the push by an activist hedge fund investor to replace the company's CEO with...
- ILA's Knott Discusses Proposed Automation at NY-NJ Terminal (Video)
Stephen Knott, general vice president of the International Longshoremen's Association, discusses the union's concerns about the introduction of labor-saving technology...
- Bulldog Hiway Express Founder Moseley Dead
Rodolph Davis Moseley, a veteran who founded trucking company Bulldog Hiway Express with a $1,000 loan and a used truck,...
- New Zealand Braces for Oil Spill as Rena Breaks Apart
The container ship Rena broke in two in heavy swells over the weekend on the reef off the New Zealand...
- DHL Launches Italy-Dubai LCL Service
DHL Global Forwarding this week launched a less-than-container load service between Italy and Kuwait, as the German carrier adds ocean...
- Balance on the Roller-Coaster
Shippers and manufacturers want it in their inventory flow. Carriers on the ocean, land and in the air certainly crave...
- Seeding Green Logistics
Despite economic uncertainty, companies are expected to expand support of green logistics initiatives in 2012 and are looking for technology...
- Supply Chains Head to the Cloud
Amid volatile global markets, the need for greater supply chain flexibility and visibility will drive investments in technology in 2012....
- Flexibility, Collaboration on 3PL Agenda
Third-party logistics providers have their work cut out for them in 2012. Volatile global markets are driving demand for collaborative,...
- Booster Shot for Pharmaceuticals
Last year's trio of new bilateral U.S. trade pacts - with South Korea, Colombia and Panama - will boost U.S....
- US Electronics Exporters Powering Up
U.S. exporters of semiconductors and consumer electronics strongly supported the passage of the three new trade agreements, and expect the...
- Wait and Balance
It took airline cargo executives several months into 2011 before they started pulling back capacity to meet the reality of...
- Coal Looks Abroad
Coal exports may account for less than 10 percent of U.S. production, but strong demand from overseas buyers proved critical...
- Lumber Shipments Sawed Off
When Canadian National Railway announced in August it was expanding a lumber transload facility at Prince George, British Columbia, it...
- Intermodal's Pricing Power
Economic growth was disappointing in 2011 and a strong rebound is unlikely in 2012, but North America's railroads will continue...
- Survey Sees Higher Rates, Volume
More than 60 percent of truckers surveyed in November said they expect volume to increase in 2012, with only 2...
- Trucking's Optimistic Turn
You see them more these days than a year ago, the smiling people. Odds are they work in trucking. For...
- On a Wing Chair and a Prayer
When the housing market sneezes, the furniture and appliance industries catch a cold. All have suffered poor health that will...
- Pedal to the Metal
Americans are starting to spend money on cars again, and the results are showing up in increased imports of automotive...
- Energy for Expansion
Breakbulk shipping faces a challenging 2012 with excess capacity capping freight rates as a slowing global economy depresses conventional cargo...
- Busy Lanes, Getting Busier
Even as other markets remain roiled by uncertainty, the hemispheric trade between the U.S. and South America looks bright for...
- Action on the North Atlantic
Like the Energizer Bunny, the trans-Atlantic trade just keeps going and going. In contrast to other major east-west trade lanes,...
- Sailing Against The Tide
Industry experts expect the supply-demand trends that drove eastbound trans-Pacific business late in 2011 to extend into 2012. Retailers will...
- Free Trade's Winners and Losers
Which kinds of U.S. exports will enjoy the biggest boost from the three new free trade agreements? Beyond its tariff...
- Free Trade Frenzy
Nearly five years after the Bush administration first negotiated free trade agreements with South Korea, Colombia and Panama, revised versions...
- Can SMEs Deliver the Goods?
President Obama's National Export Initiative places a specific emphasis on expanding exports by small and midsize businesses, companies that make...
- Exports Lead the Way
Housing can't do it. Technology is strong, but not strong enough to act as the economic driver. And, with consumer...
- Shaerf on Shipping Industry's Debt Burden, Paying for New Ship Orders (Video)
Peter Shaerf, managing director of AMA Capital Partners, talks about the debt burden hanging over the shipping industry, how the...
|JANUARY 9, 2012|
- Nigeria grinds to a standstill
The Nigerian Labour Congress' (NLC) and Trade Union Congress' (TUC) calls for an indefinite strike in protest at the Government's decision to end the fuel subsidy ...
- Seafarers 'thin but alive' after 15-month hijack ordeal
A Maltese-flagged chemical tanker and it 18 crew, pirated in September of 2010 while en route to the breakers yard, was set free by its Somali pirate tormentors ...
- Kerry beefs up presence in China with new centre
Kerry Logistics is expanding its presence in central China by building a new logistics centre in Zhengzhou in Henan Province. Construction of the facility will ...
- Carriers continue to make hay whilst sun shines
Ocean carriers remained upbeat about spot freight rate prospects out of Shanghai last week according to the Shanghai Shipping Exchange's Shanghai Containerized ...
- Damco boosts combined sea-air solutions in North Asia after acquisition
- PTP on solid ground
Malaysia's Port Tanjung Pelepas (PTP) enjoyed a near 15% growth in its box throughput last year with the 7.5 million TEU handled comparing with 6.53 million TEU ...
- Clarion/DHL to build Sao Paulo logistics complex
New York-based Clarion Partners and Germany-domiciled DHL Supply Chain have set up a strategic alliance and will invest USD100 million in a series of warehousing ...
- Strasbourg underlines transfer of container operations inland
The inland French port of Strasbourg, which is located on the upper reaches of the river Rhine, saw its container traffic increase by 6.7% in 2011, up to 385,241TEU. ...
- Rena breaks into two and gives up its cargo to the seas
Stormy weather and heavy sea swells overnight on Saturday January 7 have finally taken their toll on the 3,352TEU containership, Rena, which ran aground off of ...
|JANUARY 9, 2012|
- Stealth sheds tiny tanker
Harry Vafias-backed owner signs off on $30m worth of charters while preparing to book gain from sale of LPG carrier.
- MJLF examines Iran
Capacity glut in the tanker arena overshadows positive impact of US and EU sanctions against Tehran, broker says.
- Cantor spells out cape fears
Batch of January newbuilding deliveries will keep capesize earnings at new reduced level, analyst says.
- LDA eyes wind project
Diversified French shipowner seeks role in offshore wind farm development.
- Manx register hits record
Isle of Man-flagged tonnage increased 12% in 2011 to new high.
- Oslo's watch list
Sevan Marine, Seabird and Eitzen Maritime Services plagued by Norwegian exchange's 'uncertain' share price alarm.
- Restis lends Seanergy a hand
Greek dynasty injects $10m into bulker owner as part of loan holiday for the company.
- SeaFrance liquidated
French court orders bankrupt four-ship operator to cease operations as rescue plans fail.
- CO threatens Kings Point cadets
Deadly gas leak prompts evacuation at US Merchant Marine Academy as students swarm area hospitals.
- Fredriksen chops charter
Owner's Knightsbridge Tankers takes $10,700 per day less for VLCC chartered by restructured Frontline.
|JANUARY 9, 2012|
- Hybrid propulsion system gains US patent protection
Proven to significantly reduce emissions, fuel consumption and equipment maintenance for marine vessels.
- Rotterdam market 'slow'
Piraeus market softens.
- Fujairah prices fall
NYMEX showing losses of more than $1 in early trading.
- O.W. Bunker launches German brand
Wrist Bunker Supply GmbH and Wrist World Wide Trading GmbH merge to form O.W. Bunker Germany GmbH.
- Ferry operator goes into liquidation
Court rejects bailout plan for SeaFrance.
- Hamworthy shareholders in favour of acquisition
Proposed acquisition by Wartsila expected to become effective at the end of January.
- Fujairah pipeline operational 'within six months'
'There is delay, it is a lot of work,' says UAE oil minister.
- New board member at World Shipping Council
Ng Yat Chung, Group President and CEO of NOL, elected to Association's board.
- Asia fuel oil market 'could tighten'
VLCC costs are squeezing out arbitrage opportunities.
- Order signed for first complete scrubber system
Newbuild LPG tanker to be fitted with scrubbers for main and auxiliary engines as 2015 'deadline' approaches.
- Week opens with Asian prices mostly down
Avails remain tight in Singapore and Hong Kong, traders say.
- Sinopec subsidiary acquires 50% of Fujairah terminal company
Takes over 50% of oil depot operator Fujairah Oil Terminal for $25.05 million.
- Distressed cargo ship leaks oil off Western Australian coast
Vessel had 102 mt of IFOs onboard when heavy swells split it in two.
- Petroplus closes refineries on credit freeze
Credit lines have been 'suspended' and bank accounts 'restricted,' says Petroplus.
- Fluorescent dye for marine fluid leak detection developed
TP-3405CS Dye-Lite All-In-One can expose leaks smaller than 3.7 ml per year.
- No fresh oil spill from Rena after 'worst' weather
Rena is now in two pieces, about 20-30 metres apart after extreme weather conditions over the weekend.
- Vessel seized for unpaid UBT bunkers released
Owners placed bond with 'sufficient surety' for the vessel's release, according to court documents.
- Incentive to slow steam 'high'
VLCCs continue to sail at slower speed in the fourth quarter of 2011 in a bid to cut fuel consumption, says RS Platou.