|MARCH 12, 2012|
- Baltic index up for 12th day, smaller vessels firm
The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, ended the previous week on a high as it climbed for the 12th consecutive day, as higher rates for smaller vessels countered weakness in capesizes.
- Most top shipping banks stop lending to industry
Thirteen of the world's 19 largest shipping banks stopped new lending to the industry amid an 'extreme' vessel surplus that's cut cash flows and led to vessel seizures, financier DVB Bank SE said.
|MARCH 12, 2012|
- S&P downgrades CMA CGM debt to B- from B+ on deteriorating liquidity
- Asia-Europe rates level after big leap, then dip 1.7pc to US$1,388/TEU
- Emirates Shipping to hike US$400/TEU for Far East-Mideast trade April 1
- Maersk extends improves Middle East, Indian Ocean and East African coverage
- Seaspan Corporation receives 13,100-TEU Cosco Excellence from Hyundai
- MOL launches Singapore-Burma SYX service to Yangon from March 17
- US e-waste export ban violates WTO rules: Congressional Research Service
- Three bid to build 4.6 kilometre bridge on Atlantic side of Panama Canal
- U-Freight boosts HK fashion operations with fourth warehouse opening
- Lufthansa Cargo posts US$17 million loss despite 8.2pc revenue increase
- Air France-KLM February cargo off 5pc, hopes rest on renewed Atlanta link
- DHL offers two direct flights to Chengdu, Ho Chi Minh City from Hong Kong
- AirBridgeCargo first North Pole flight sparks fear of ozone depletion
|MARCH 12, 2012|
- Braemar releases second edition of hull & machinery guide
- Caravel Logistics adroitly handles break-bulk shipment from Shanghai to Nashik
- CMA CGMs revenue up 4 pc in 2011
- Tussle between IMO & EU on CO2 emissions continues
- MRPL plans to cut oil imports from Iran
- Cargo handling at Major Ports declines in April-Jan.
- General cargo handling on the rise at Ernakulam Wharf
- Vasan lays stone for Adani's East Quay-1 berth at Vizag Port
- NHAI agrees to six-lane remaining portion of NH-8A up to Kandla Port
- WDRA hopeful of getting govt nod for draft e-receipt norms
- Apeda to set up 3 export centres in Maharashtra
- Apparel exports likely to grow 14 pc in 2011-12
- Exporters want interest subsidy scheme to continue
- Exports grow at a slow 4.3 pc in Feb.
- Forex reserves fall by $ 59 m
- Govt empowers Ministerial group to decide on Basmati exports
- RBI reduces CRR to infuse 48,000 cr. into system
- SEAI urges FM to hike import duty on edible oils
- Quick Take
- CEE welcomes Isotec in Singapore, Jakarta & Dakar
- Crane ship with 4,000-t hoisting capacity ordered by Scaldis from STX Offshore
- Metro rail cars to be moved from Spain to Dominican Republic
- Sarens going all out in heavy lift projects
|MARCH 9, 2012|
- Menlo Worldwide Logistics announces new leadership for North Asia
Thomas Pan has been promoted to managing director, North Asia, for Menlo Worldwide Logistics (China) and Leong Choong Cheng has simultaneously been appointed deputy managing direct...
- Hong Kong Airlines to stop live dolphin shipments
Hong Kong Airlines has agreed to stop transporting live dolphins on its cargo planes after coming under pressure from the public. The carrier has promised to make a donation to a c...
- Final approval for four lanes on national highway in northeast India
The Indian Cabinet Committee on infrastructure has approved an investment proposal to widen a 132. 5 km long section of the national highway 200 between Chandikhole, Dubari and Ta...
- Jungheinrich adds to range of forklift trucks
Germany's Jungheinrich Group, one of the world's three largest suppliers of industrial trucks, warehousing technology and materials flow technology, has launched new additions to i...
- Group Eurotunnel reports strong growth
The Eurotunnel Group recorded strong growth in revenues to EUR 845 million (+16%) in 2011. Approximately 17.7 million t of freight passed through the Channel tunnel that year. Afte...
- Jet Aviation appoints new general manager for Singapore affiliate
Jet Aviation recently selected Gary Dolski to be new vice-president and general manager of the company's MRO and FBO facility in Singapore. The post includes responsibility for the...
- New CEO of Svitzer
Svitzer has named Robert Uggla as its new CEO with effect from 1 May. The company, which is represented in more than 100 ports worldwide, has some 4,500 employees and operates a fl...
- Canadian railways increase car loadings
Canadian railways carried 25.8 million t of freight in December 2011, up 11.5% from December 2010. The gain was the result of increases in both domestic and international cargo loa...
- Budapest Airport: Turkish Cargo expanding further
Turkish Cargo raised the number of its weekly flights to Budapest to two on 1 March. The subsidiary of Turkish Airlines sees significant potential in the Hungarian market and plans...
- Boeing celebrates 1,000th B777
The US plane maker Boeing celebrated the 1,000th B777 at a special event last week. The 1,000th B777 jetliner will be delivered to Dubai-based Emirates, the programme's largest cus...
- Volvo delivers 5% more trucks
Volvo Trucks' deliveries for January 2012 rose by 5% to 6,822 trucks, compared with the year-earlier period. In total, deliveries in Europe amounted to 2,961 trucks in January, up ...
- Gefco extends partnership with Dacia
The French transport service provider Gefco, a partner of Dacia since 2008, has set up a multi-modal logistics solution for the car manufacturer that combines rail and road transp...
- India plans investments in Indian ports
India has revealed plans to build seven new ports costing some INR 7.6 billion by 2017. According to Rakesh Srivastrava, joint secretary of the ministry of shipping, two-thirds of ...
- MSC has biggest fleet of very large container vessels
The Geneva (Switzerland)-based Mediterranean Shipping Company (MSC) operates by far the world's largest fleet of very large container vessels. The company recently put its 43rd con...
|MARCH 9, 2012|
- Reporting first quarter red ink, Carnival says Costa Concordia is Total Constructive Loss
- Ship fitter boot camp grads get job offers
- Carisbrooke Shipping opts for water lubricated bearings for eco-friendly newbuilds
- Swan Hellenic's Minerva makes first cruise following major upgrades at Lloyd Werft
- Standard & Poor's downgrades CMA CGM ratings
- Wilhelmsen pulls current Unitor BWTS design from market
|MARCH 9, 2012|
- Grand Alliance container ships heading to Port of Tacoma
- Rail freight traffic count slows during week
- OOCL celebrates opening of maritime academy in China
- Department of Commerce report finds US exports up during January
- Mitsui adding service calling Singapore/Yangon
|MARCH 9, 2012|
- Other box routes could follow Europe-Asia rate increase
Container lines' customers are accepting of surcharges
- Japan one year on: energy changes benefit shipping
Record LNG imports and crude oil consumption is on the rise, both boosting global vessel demand
- Size of new capesize ships set to explode
Large capesize bulkers present a capacity challenge for ports
- Small choice of ports for big bulkers
The list of ports that can handle large bulkers is short
- Rickmers eyes sale of older vessels
Tramp owner denies three ships already sold, with 15 more going on market
- ND Overseas has global ambitions
French trucking group expands worldwide ocean and airfreight forwarding presence
- Inttra sees 24% rise in its web-based service
E-commerce ocean freight bookings provider records 22.4m container transactions
- Looking into the crystal ball
Deutsche Post DHL examines five different scenarios of the world in 2050
- Let there be transparency
Clarity is crucial when it comes to investigating casualties
- Suezmax Atlantic rates stymied by reduced US oil imports
Reduced delays in Turkish straits pressure Mediterranean rates
- Greek owners have marginal share in bond haircut
Owners could lose "a few million here and there", but may also have indirect exposure through Greek banks, say financial sources
- Rich list shows rising offshore tycoons and demise of old shipping money
Forbes names John Fredriksen and the Ofer brothers the world's wealthiest shipowners
- Ibero and Costa woes hurt Carnival's first-quarter bottom line
Company issues weaker annual profits guidance, but Micky Arison seeks to focus on the future
- Hurtigruten steams ahead
Norwegian cruise-ferry operator arranges $46m loan deal as passenger numbers rise
- Master pleads guilty to drink charges after ferry collision
Polish national remanded in custody in Northern Ireland
- Prosecuting pirates
War against piracy needs work on the ground
- DVB ready to repossess, says Lunde
Yet conservative lending means few loans go wrong, bank insists
- Welcome voices
Does the heightened discussion about shipping in China signal a government move?
- Torm sells MR tanker as restructuring looms
Vessel sold at $15m loss to reduce company debt
- Richards Bay trade booms as India imports more coal
More cargo but fewer miles for bulk ships
- US gasoline demand decline to lead to more product tanker triangulation
Latin American boom drives US oil product exports
- Firearms restriction is big issue for training armed guards
UK law in conflict with international code and could mean corners are cut, says director
- TBS joins queue of claimants suing Allied Maritime
Latest Rule B filings centre on tweendeckers surrendered to RBS in December
- Capesize rates hover despite increased demand
Oversupply of tonnage absorbs influx of Australian iron ore majors' inquiries
- HCI Capital faces €15m net loss
KG house expected to report negative result as market heads for crash
- CMA CGM must boost liquidity says Standard & Poors
Rating agency downgrades line and warns it to bolster cashflow or face another cut
- Faster route to cutting CO2 emissions
Super-electro-magnetic propulsion should reduce shipping's CO2 imprint to zero
- China Shipping demands more government support
Chairman seeks legal protection and higher tax credits
- Dockworker unions brace themselves as automation comes to LA
Exclusive Lloyd's List interview: US west coast prepares for new era post-Panama Canal expansion
- K Line leases three capsizes to JFE Steel
Newbuildings fix 15-year time-charter deals
|MARCH 9, 2012|
- Carnival vows to resuscitate Costa
CARNIVAL execs underscored today that they will stand by their Costa brand despite its negative $500M swing in 2012 earnings
- Lunde plays down shipping consolidation
DVB BANK'S shipping boss Dagfinn Lunde today played down predictions that the sector is heading for more consolidation
- TBS enters Allied fray
TBS International, which is in Chapter 11 bankruptcy, has joined the queue of counterparties suing Greece's Allied Maritime
- Concordia rocks Carnival results
CRUISE giant Carnival Corp today said it has swung to losses and faces significant fallout from the Costa Concordia tragedy
- Torm sells ship at loss
DS TORM OF Denmark has agreed to sell the MR product tanker Torm Lana at a loss of $15M
- Collision captain pleads guilty to being drunk
A CAPTAIN reportedly pleaded guilty today to being drunk when his general cargo ship collided with a ro-pax in Northern Ireland
- Auckland imposes private contractors at ports
A BITTER port labour dispute today led to Auckland deciding unilaterally to contract out its box terminal stevedoring
- Could boxes return to 2010 level?
ASIA/EUROPE box rates could hit 2010's exceptional levels this year if operators succeed in their next round of general rate increases, a shipping analyst predicted today
- Supramax rates rebound
SUPRAMAX bulker rates are turning around across the board, with the Atlantic market improving
- Veolia hints it might unload stake in SNCM
VEOLIA has indicated that it could be ready to sell its controlling stake in its Mediterranean ferry subsidiary SNCM to Corsican authorities for a symbolic price of €1 ($1.32)
- VLCC fixture surge boosts rates
VLCC RATES turned around in the past two days, with charterers rushing to cover the last week of March and looking to early April
|MARCH 9, 2012|
- Inland Waterways User Fee on the Table
The Obama administration is once again proposing a new user fee to pay for capital investments in the inland waterway...
- US Trade Deficit Hits Three-Year High at $52.6 Billion
The U.S. trade deficit rose to a three-year high of $52.6 billion in January as a 2.1 percent jump in...
- Trucking Hiring Rose 3.7 Percent in February
The trucking industry increased hiring 3.7 percent year-over-year in February, a slower pace than in January, according to the Bureau...
- Maersk Announces Mideast-South Africa Service
Maersk Line will launch MISA, a liner service linking key ports in the Middle East and South Africa. The...
- YRC Worldwide Sells Stake in Chinese Freight Hauler
YRC Worldwide sold its stake in Chinese trucking operator Shanghai Jiayu Logistics as it pares its business back to its...
- Senate Weeds Through Transport Bill Amendments
The Senate on Thursday worked through seven of 30 amendments to its two-year $109 billion transportation bill, including two of...
- New 13,000-TEU Ship Delivered to Seaspan
Owner-charterer Seaspan Corp. has taken delivery of the fifth in a series of container ships with capacities of 13,100 20-foot...
- Trans-Pacific Air Cargo Rates Rise on Increased Demand
Trans-Pacific air cargo demand is surging, driven by the launch of new high-tech products such as Apple's iPad 3. ...
- Taiwan-China Ro-Ro Service Sets Sail
The first roll-on, roll-off service between Taiwan and mainland China is now operating, signalling further liberalization of transport across the...
- TNT, Emirates SkyCargo Sign Space Agreement
A new deal between TNT and Emirates SkyCargo will boost capacity on air cargo routes from Asia to Europe and...
- Judge Puts Bridge Project in Hands of Michigan DOT
A Wayne County judge in Detroit on Thursday ordered the Michigan Department of Transportation to take over and complete a...
- Standard & Poor's Downgrades CMA CGM on Liquidity Concerns
Standard & Poor's downgraded CMA CGM's debt to B- from B+, citing concerns over the French ocean carrier's liquidity position...
- A Tenuous Balance
The mood among maritime industry executives gathered in Long Beach last week for the 12th annual Trans-Pacific Maritime Conference was...
- ILA @ #TPM2012
If the Twitter-sphere at last week's Trans-Pacific Maritime Conference made noises, it would have sounded like popcorn on a stove,...
- Crowd Pleaser
Maybe it was the Southern California setting, but Harold Daggett's performance at last week's Trans-Pacific Maritime Conference left me thinking:...
- CMA CGM Raises Rates Again on India-Europe Service
CMA CGM imposed a general rate increase on westbound cargo moving on its Epic service from India to North Europe...
- Grand Alliance to Shift From Seattle to Tacoma
The game of musical chairs in the Pacific Northwest will continue this summer when Grand Alliance carriers NYK Line, Hapag-Lloyd...
|MARCH 9, 2012|
- Marguisa starts new Antwerp/Equatorial Guinea service
Madrid-based Marguisa Shipping Company has complimented its existing container and ro-ro services between Europe and West Africa by starting a new link, principally ...
- Eurozone 'in mild recession'
With the Greek bail-out deal taking the contagion heat off the eurozone for now, attention is turning to how some of the weaker single currency states can still ...
- DP-DHL improves profitability
The world's largest logistics agent Deutsche Post-DHL improved its profitability in 2011. Its revenue increased by 2.8%, up to EUR52,829 (USD68,414) million, out ...
- Four idled VLCS units in latest mothballed boxship report
Latest data from Alphaliner on idled boxship tonnage identifies 4 x 10,000TEU plus ships that are awaiting re-deployment, and eight post-panamax 8,000TEU ...
- Fitch remains firm on DP World
The London-based credit ratings agency Fitch Ratings has assigned a generally stable rating on DP World's debt, maintaining its BBB scores on the group's long-term ...
- HMM targets Latin America; advocates move away from 'wild oscillating' rates
The transatlantic and US-South/Central America trades have been targeted as growth areas by Hyundai Merchant Marine (HMM), its North America VP David Arsenault ...
- Safmarine's optimism
Moves by shippers/consignees to rationalise their service vendors, plus an increase in import traffic, have been singled out by Barbara van Rensburg, Safmarine's ...
- ICG set for another 'challenging year' as profits tumble
Dublin, Ireland-headquartered, Irish Continental Group [ICG], said it faced a challenging year after posting pre-tax profits down 30% in 2011 to EUR28.2 (USD37.3) ...
|MARCH 9, 2012|
- TBS enters Allied showdown
Bankrupt tweendecker owner joins fierce race to freeze embattled Greek operator's Illinois assets as claims swell.
- Carnival makes losing start
US cruiseship giant's first quarter result turns red as it books charges for Costa Concordia and Spanish operation Iberos.
- Ezra moves for funds
Singapore-listed owners opts for a share placement to back subsea growth.
- Concordia stuck for a year
Costa Cruises says wreck removal could take up to 12 months as it evaluates short-list of salvors.
- SCI ditches two more
State-owned shipowner offloads older handymax and chemical carrier.
- DVB devours comfort crumbs
Dagfinn Lunde says bank has no fear about taking control of vessels as he backs all new ships to find funding.
- Two more sold by Torm
Danish owner follows up Torm Lana sale with deals for MR sisterships to Minerva Marine and Chinese interests.
- Prabhu Daya seafarer arrested
Police accuse first and second mate of Tolani Shipping-owned vessel allegedly involved in fatal collision near India.
- Solvtrans goes Spanish
Oslo-listed fish carrier owner places a NOK 240m order at Astilleros Zamakona.
- He should have gone to Specsavers
Why Captain Schettino wishes he had a spare pair of glasses, and why shipping masochists shouldn't beat themselves up.
- Tacoma beats out Seattle
Grand Alliance said to have opted for Tacoma over Seattle as its port-of-call in the US northwest.
| - Ocean news||web site|
|MARCH 9, 2012|
- Australia's trains get communications revamp
- Radiant acquires Isla International
- CBP's West Coast trade symposium set for May
- ASDI goes West
- New RCL/MOL Yangon-Singapore feeder
- Delmas ends Med-Africa Maltex loop
- Accellos' 3PL suite for Microsoft Dynamics
- IAG integrates BA, Iberia cargo units
- MOL to publish key performance indicators
- STX upgrades Korea-Straits KMS loop
|MARCH 9, 2012|
- Bunker prices uncertain as week ends
Oil ended at its highest level this week.
- Industry executives forecast 'mixed year' in 2012
With higher bunker fuel prices, it now costs carriers approximately $2,500 to ship a forty foot container from Asia to the West Coast.
- Carisbrooke Shipping looks for ways to reduce all ship pollution
Choosing Thordon Bearings lubricated propeller shaft bearings due to 'no risk' of pollution.
- US Navy vessel makes use of alternative fuel blend
Trip made use of 25,000 gallons of a 50/50 algae-derived, hydro-processed algal oil and petroleum F-76 blend.
- Which way will the EU Sulphur Directive go?
- Distillate prices rally in Southern Europe
Low sulphur avails in Hamburg a bit tight, player tells Bunkerworld.
- Prices fall in the Middle East
Player in Suez reports product available only from mid March.
- Backward step for global sulphur limit compliance
Latest data from DNVPS indicate improvements in some ports but larger share of samples testing above 3.50% sulphur elsewhere.
- Sulphur regulations putting thousands of UK seafaring jobs 'in jeopardy'
Maritime UK responds to Transport Committee report with call for low sulphur fuel availability studies prior to 2015.
- Week ends with IFO prices down, distillates up at Asian hubs
Supplies of bunker fuels fine at major ports in Asia, say regional traders.
- Buckeye highlights risks in firm's BORCO operations
BORCO vulnerable due to limited customer base, political risks and potential structural issues.
- Car carrier with hybrid electric power supply technology launched
Vessel able to realise 'zero' emissions in harbor, says Mitsubishi Heavy Industries.
- EU directive must not go further than MARPOL Annex VI, say UK MPs
But MPs also say operators 'could have been more proactive' as tighter emissions limits have been under discussion for many years.
- NYK expands broadband system to help reduce CO2 emissions
Move part of company's goal of reducing fuel consumption by 10% over five years.