|JANUARY 12, 2012|
- South Korea shipbuilders mull over joint bid for France's GTT
The battle between South Korea and China to own Gaztransport & Technigaz (GTT), a firm that develops systems for storing liquefied natural gas (LNG) on ships, could ultimately be one of survival for Korean shipbuilders after the country lost most of its market share in the building of standard ships to China.
- Container ship capacity may rise 8.3% this year
The global fleet of container ships may increase 8.3 per cent in 2012, the most in two years, prolonging an oversupply of vessels on all major trade lanes that could undermine efforts to raise rates, Alphaliner says.
- Baltic index hits 5-month low
The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell to its lowest in five months as a growing slowdown in cargo bookings hurt sentiment.
|JANUARY 12, 2012|
- Taiwan's CNC charters box space on MOL's Japan-Thai-Philippines service
- No more oil leaks from broken Rena's as containership now 75pc submerged
- China's total turnover logistics value increases 12.5pc in first 11 months
- Diana Containerships buys 2 panamaxers at US$30 million each from APL
- Dandong City reaps benefits from its growing trade with North Korea
- Zim hikes subcontinent-north Europe rate US$200/TEU from February 1
- Seattle to FMC: If US law diverts cargo through Canada then you must act
- Hague-based APMT to spend US$135 million to hike volume at Lagos terminal
- Oman growth spurs investment spend to include railway-port expansion
- New GAC India office opens at Pipavav to meet needs of more ship calls
- US demand recovery prompts hope of cautious optimism, say economists
- DHL launches Italy-Kuwait sea freight consolidation link
- Singapore's Seletar Airport to install new control tower
- International air cargo body joins outcry against EU carbon tax scheme
- Damco buys Chinese air freight forwarder to boost sea-air capability
- Economic uncertainty creates opportunities in 'recession proof' sectors
|JANUARY 12, 2012|
- Rickmers Tianjin christened at Mumbai Port
- Safmarine appoints Grant Daly as new CEO
- Shipping cos under pressure to reduce CO2 emissions from this year
- MPSEZ changes name to APSEZ
- Govt notifies 100 pc FDI in single-brand retail
- Sugar exports permit deadline extended
- Crude drops to 5-day low ahead of eurozone talks
- Ex-Im Workshops 27th batch to commence next month
- The ghost of honest mistakes
|JANUARY 11, 2012|
- Fret SNCF to continue single wagon load services
Fret SNCF, the railfreight division of SNCF Geodis, remains on course with its multi-lots multi-clients single wagon load service (MLMC) in France, which it launched in 2010, and w...
- Direct Rail Services orders 15 locomotives in the UK
Freight operator Direct Rail Services has ordered 15 new Vossloh Euro Light UK mixed traffic diesel-electric locomotives. They are scheduled to be delivered in 2013 and will be fit...
- German railway crossings cannot handle gigaliners
Gigaliners, which are currently being tested in seven German states, are due to hit Germany's roads this spring, but the Allianz pro Schiene (pro-rail alliance) has warned that the...
- Bouché & Partner rejuvenates fleet in Mannheim
The German company Bouché & Partner is banking on its Mannheim location and investing in nine new trucks and trailers for the hub. The centre's own fleet has thus been younger ...
- Universal Express names new Brussels airport branch manager
On 1 January former sales manager Luc Del'Haye took over the management of Universal Express's Zaventem branch from Jean-Marc Lambrechts, who has left the industry. Del'Haye is sup...
- Finnair cargo volumes increase in 2011
Finnair's latest figures show that the airline's available tonne kilometres grew by 35%, and its revenue tonne kilometres by 20%, in 2011 in comparison with 2010. The amount of car...
- AF-KLM Cargo and Martinair introduce e-booking tool
It is now easier to book specialised shipments in Air France-KLM Cargo and Martinair Cargo's network through a new e-booking tool. The product selector, an innovation on cargo port...
- EU orders Hungary to recover state aid from Malev
The European Commission has found that financial support granted to the Hungarian flag carrier Malev between 2007 and 2010 in the context of its privatisation and renationalisation...
- Safmarine launches e-shipping application
The release of a new Safmarine shipping application for all mobile devices using the Android operating system will allow Safmarine customers to access and download essential shippi...
- Port of Auckland loosing clients on account of strikes
Ports of Auckland has confirmed that New Zealand's largest exporter Fonterra has decided to transfer export activities from Auckland to other ports from the end of January, on acco...
- New Dachser hazardous goods warehouse in Romania
Logistics service provider Dachser has started operations in a new 6,500 sqm hazardous goods warehouse with 11,500 pallet slots near Bucharest. The EUR 10 million facility is the o...
- Swiss Post takes over all of the Direct Mail Company
The Swiss post office has taken over 100% of the Direct Mail Company and of Direct Mail Logistik, thus significantly strengthening its direct marketing position. The entities, in b...
|JANUARY 11, 2012|
- Austal USA launches LCS 4
- Korean shipping company cops plea in "magic hose" case
- City of Boston offers retired fireboat on online auction
- OSX Brasil gets funding for Açu Shipbuilding Unit
- Odfjell Drilling to build sixth-generation semi for $1.2 billion BP contract
- GHOST squadrons "could keep Straits of Hormuz open"
- St. Johns Ship launches OSV for Caribbean
|JANUARY 11, 2012|
- Tarleton named president of Seattle Port Commission
- Boeing reaches new level of Next-Generation 737 production
- US Coast Guard assists Iranian mariners in distress
- FMC wants industry input on Chinese bond coverage for NVOCCs
- Carriers ink agreement covering new VLCC pool
|JANUARY 11, 2012|
- Lines to re-route ships as industrial strife shuts Nigerian ports
Country poised for fourth day of strikes
- All change in Dealogic lender league
RBS share slumps to just 1.1%
- Is there new money behind the headline figures?
Dealogic's reported 26% lending rise masks shortage of new money for syndicated loans
- India seeks new crude oil suppliers
Move away from Iranian supplies could create greater tonne-miles
- Hong Kong needs more government support
City is so naturally good at being a maritime centre, its leaders tend to focus support elsewhere
- Gulf Marine VLCC may not be sold but is under negotiations, say brokers
Elektra Glory rumoured to be sold to South Korea's Sinokor but nothing is yet confirmed
- US natural gas consumption to rise
Forecast of 2% growth comes amid concerns that exports will drive up prices paid by US consumers
- Seanergy cuts book values for six bulkers
Impairment aims to boost balance sheet and improve future profits
- Shipping minister to chair Dover privatisation meeting
Private talks at House of Commons will bring together trust port's senior managers and their severest critics
- Lloyd Fonds finance chief quits
Departure said to be by mutual consent after differences of opinion about strategy
- In praise of golden oldies
Well-maintained old-timers challenge the modern craze for scrapping
- Owners cave in to pressure to agree longer box-charter deals
Contracts of more than three months are becoming common
- China import slowdown spurs early credit easing
A sharp fall in import growth signals drop in domestic consumption
- Fewer shipping banks to seek new business, says Nordea
Ronny Bjørnådal predicts emphasis on LNG and offshore in 2012
- China seeks stronger oil ties with Saudi Arabia
Oil refinery deal and high-level diplomatic visit show China's concern over Middle East oil supplies
- VLCC earnings to stay below $20,000 per day for the next 12-18 months
More owners will pool vessels to boost revenues, predicts Dahlman Rose
- Brazil soyabean boom boosts end-2011 dry-bulk earnings
Record exports in December follow crop failure in the US
- Omega Navigation heads for mediation
Judge extends cash collateral authorisation through to April 16
- Aon Benfield loses marine reinsurance specialist to Cooper Gay
John Sullivan moves over after 37 years
- Odfjell signs deal to build Chinese chemicals terminal
Joint venture with Nangang Port to develop a terminal and marine facility for bulk liquid chemicals, petroleum products and gases
- SinOceanic seeks bank loans to finance newbuildings
Three 13,100 teu container vessels being delivered this year at a purchase price of around $155m per vessel
- Chinese box ports post record throughput
Global economic slump leaves Shanghai and Dalian untouched
- New doors opening for shipping risk
As syndicated lenders edge forward an opportunity is emerging to fill the funding gap
- Sinopec Kantons buys 50% of Fujairah storage project
Lands first regional bunkers sale with BP deal
|JANUARY 11, 2012|
- Pirates take Iranian tanker
A MARITIME security alert was issued today for the Gulf of Aden after pirates hijacked an Iranian chemical tanker carrying 30,000 tonnes of caustic soda
- Seanergy severely impaired
RESTIS-controlled Seanergy today revealed a $201.9M non-cash impairment loss as it wrote down the value of its drybulk fleet
- US crude output to jump
US CRUDE production will continue its resurgence this year, while its LNG imports will plunge, according to the EIA
- US box tax attacked
SEATTLE'S port boss has urged the US to change a law that he said favours Canadian ports for box imports bound for the US
- India seeks Oil Plan B
DELHI has advised Indian refiners to look for alternates to Iran for crude supplies
- Cyprus finds munitions
CYPRUS has found 35-60 tonnes of munitions being transported by general cargo ship to Syria
- Drybulk snarls easing
DRYBULK port congestion is easing, as coal and iron ore fixtures felt pressure amid cooling Chinese imports
- Poten plays down sanctions impact on Iran
A TANKER consultancy has played down the impact that US and European sanctions would have on Iran's exports
- Nigerian ports threatened
SHIPMENTS from Nigeria are at a "standstill", AP Møller-Maersk said today as the country began its third day of a general strike
- Politicians, up your game
SHIPPING markets will recover this year only if strong political leadership helps consumers regain confidence, BIMCO said today
- KSS Line signs deal
SOUTH KOREAN chemical and LPG shipping specialist KSS Line said it has sealed a one-year CoF to transport monochloroethylene for compatriot electronics maker LG International Japan
- VLCC, Suezmax fixtures rose in 2011
THE NUMBER of VLCC and Suezmax fixtures increased last year from 2010 totals, but the reverse was the case in smaller ship sizes, a tanker broker reported
- US warned on dredging
DREDGING funding cuts could result in $7.2Bn in losses to the US economy, a report from a lobbying group warned today
- Wan Hai's shares drop
TAIWANESE intra-Asia carrier Wan Hai's shares closed lower today after Moody's graded its Ba3 rating down from stable to negative
- STX OSV feels squeeze
DEMAND for offshore support vessels remains high, yet a financing crunch in Europe has hindered order flows for Singapore-listed Norwegian shipbuilder STX OSV
|JANUARY 11, 2012|
- Horizon Converts $49.7 Million of Debt to Equity
Horizon Lines, the largest U.S.-flag domestic ocean carrier, has converted $49.7 million of debt to equity under terms of a...
- 'Pipeline by Rail' Planned in Colorado
Musket Corp. plans to open a crude-oil export terminal at Windsor, Colo., for unit train shipments using a newly constructed...
- DOT Freight Index Rose 0.1 Percent in November
The amount of freight carried by the for-hire transportation industry rose 0.1 percent in November from October, the Transportation Department...
- BA-Iberia Cargo Traffic Soars 11.5 Percent
IAG, the merged British Airways-Iberia carrier, saw cargo traffic in December expand 11.5 percent year-over-year, helping to drive 2011 traffic...
- Ceridian-UCLA Trucking Index Rises 0.2 Percent
The fuel-based Ceridian-UCLA Pulse of Commerce Index rose for the third straight month in December, climbing 0.2 percent following a...
- Shippers' Plant Expansions to Push Up NS Carloads
Norfolk Southern Railway is positioned to gain more than 150,000 carloads of annual business from nearly $9.5 billion in facility...
- Q&A: A Preview of TPM Long Beach 2012
Peter Tirschwell, senior vice president of strategy for UBM Global Trade, the parent company of JOC, gives a preview of...
- Lufthansa Cargo Traffic Rose 1.6 Percent Last Month
Lufthansa Cargo boosted traffic by a modest 1.6 percent in December from a year ago, but this was sufficient to...
- Trans-Pacific Spot Rates Hold Firm
Average trans-Pacific spot rates held firm after a one-week jump spurred by carriers' rate increases at the beginning of the...
- Authorities Rescue 20 Sailors From Hijacked Vessel
The Indian Shipping Ministry said international naval forces rescued 20 Indian sailors after pirates hijacked their Norwegian-flag bulk carrier off...
|JANUARY 11, 2012|
- DP World (Belgium) improves inland connections
DP World has started operating Beverdonk Container Terminal just outside of Antwerp. The barge 'transferium' is located approximately 30km outside the port, in ...
- Shanghai keeps top spot for 2011
According to preliminary figures, Shanghai port comfortably retained its position as the number one container hub in the world during 2011 with pro-forma volumes ...
- MSC to grow UK rail traffic with Freightliner
MSC has renewed its rail contract with Freightliner in the UK, and looks set to increase its market share significantly. Commenting on just the basic terms of the ...
- Nigeria is on the brink
With Nigeria's national strike now in its third day, concerns are growing about the lawlessness that now prevails and the deeper divisions that are manifesting ...
- Strong end-year growth in laid-up boxfleet
Unsurprisingly the number of mothballed containerships has spiked in recent weeks as winter season capacity reductions and culled services increased the idled pool ...
- Moody's slashes Wan Hai's outlook to negative
Taiwan ocean carrier Wan Hai has had its credit outlook downgraded from stable to negative by Moody's Investors Service due to depressed freight rates, high bunker ...
- CSA announces 2012 rate restoration regime
The members of the Caribbean Shipowners' Association (CSA) have announced their rate restoration programme for the coming year. The objective of the plan is to ...
- India moves to partially open up retail sector
India's 1.2 billion consumer market will have the opportunity to buy a coffee at Starbucks or a wardrobe at Ikea in a relaxation of legislation announced ...
- Daly appointed as Safmarine's new ceo
It perhaps comes as no surprise that Safmarine's new ceo is its current head of the multipurpose vessel division, Grant Daly. He has been with the carrier for 17 ...
- Zim Line also targets rate increase from Indian sub-continent to Europe
Zim Line has joined the list of ocean carriers seeking to increase freight rates from the Indian sub-continent to Europe. With effect from February 1, it will target ...
|JANUARY 11, 2012|
- Asset values: It could be worse
Vessel values in the shipping arena may be in flux but remain well above lows seen by owners of specialised municipal tonnage.
- ADM wields efficiency axe
NYSE-listed parent of US bulker owner poised to shed 1,000 salaried workers as it wages war on costs amid market mayhem.
- Warburg to shed EMGS stake
Electromagnetic Geoservices at risk of losing support of key shareholder as Warburg Pincus markets major stake.
- Iran in piracy puzzler
Security alerts and reports out of Tehran fuel speculation surrounding alleged attack on Iranian chemical carrier.
- SinOceanic ices fundraisers
Norwegian containership owner turns to banks and HNA-backed shareholder for cash to finance balance of $465m acquisition.
- Odfjell's China hattrick
Bergen-based chemical tanker owner to develop third terminal in China.
- Dahlman's new tanker hope
Corrective action by owners will start to cleanse oversupplied market in 2012, investment bank says.
- Sri Lanka link returns?
Ceylon Shipping Corp in talks to re-start Indian ferry route after Scotia Prince detained.
- Impairments unhinge SHIP
Restis-backed bulker clan takes $200m hit as plummeting asset values overshadow recent rescue package.
- Philippines ferry grounds
Besta Shipping's Baleno 5 stuck off Calapan after drifting in strong current.
- Almi looks for VLCC escape
Greek owner plans to clear the way for entry into booming LNG sector by reworking DSME orderbook, says Costas Fostiropoulos.
- STX OSV boosted by Barents
Singapore-listed shipbuilder primed to profit from game changing Norwegian discovery.
- Hunter sells out of Baltic
New York-based hedge fund bins its stake in Peter Georgiopoulos-led bulker owner at almost one third of its IPO price.
|JANUARY 11, 2012|
- Coast Guard warns of safety risk during fuel transfer
Russian tanker Renda on its way to remote Alaskan community.
- Oil lowers after fuel inventories rise
Crude inventories increased five times more than analysts expected.
- Bunker prices approaching all-time highs
Prices at levels not seen since 2008 and just $20 to $40 shy of record.
- Hong Kong inaction on emissions has been 'stunning'
'Pollution killing Hong Kong residents is home-grown from trucks, buses, and ships using filthy bunker fuel.'
- Bunker prices firm in Fujairah
Prices climb in quiet market.
- European markets see bunker prices climb
Weak demand in Hamburg.
- Petition says cruise lines should stop burning HFO
European campaign has gathered nearly 50,000 signatures asking cruise ships to 'stop spewing filth' into the oceans.
- Windy month ups DFDS fuel consumption
Company says December average fuel consumption was around 10% higher than in November across the fleet.
- Bank takes 'optimistic' view of demand for shipping
Liner rates would be 'beautiful' if liner companies had laid off 5%-7% of their capacity.
- Analysts gloomy on dry bulk sector outlook
Rates could collapse due to fleet growth, while 'only the strongest' box ship operators will make profit in 2012.
- Oil giant's new trading arm begins operations
Aramco Trading will handle sale and purchase of fuel oil and other residual products.
- IFO prices continue to rise in major Asian ports
Demand for bunker fuels below average at key Asian ports on Wednesday.
- MEP: European Commission to get involved in Petroplus dilemma
British trade union representatives to meet manager of Petroplus Coryton refinery.
- IFO avails at Far East Russian ports still 'tight'
IFO180 supplies currently very limited while MGO is tight, say local traders.
- Moody's lowers Wan Hai ratings to 'negative'
Depressed freight rates and high bunker costs will continue to weigh on the Taiwanese shipping firm, says Moody's.
- Emerson updates flowmeter configuration and diagnostics tool
Tool can simultaneously connect to multiple devices.
- Extent of fresh oil leak is 'minimal'
Rena leak comes from 'tens of tonnes' of oil left on board the vessel, says Maritime New Zealand.
- Istanbul to get tough on 'highly pollutant fuels'
As maritime traffic increases, Istanbul Development Agency (ISTKA) passes regulation that would enable authorities to measure ship emissions.