|JANUARY 13, 2012|
- Asia shipping expected to ride out stormy downturn
The ongoing shipping downturn may mean more consolidation among shipping companies, but Asia will emerge from the ongoing shipping downturn as the new shipping nexus of the world, said key leaders of Singapore's maritime industry yesterday.
- Singapore 2011 box traffic hits new record
Singapore's ports handled an estimated 29.94 million twenty-foot containers in 2011, breaking the previous record set in 2008 by over 21,000 boxes. This advance estimate of the 2011 throughput was a 5.3 per cent increase from the year before, which registered 28.4 million twenty-foot equivalent units (TEUs).
- 15 more maritime firms to go green
A new crop of 15 major maritime sector companies yesterday signalled their commitment to clean and green shipping practices under the Singapore Green Pledge initiative.
|JANUARY 13, 2012|
- Moody's downgrades Wan Hai's credit outlook to negative from stable
- Safmarine appoints Grant Daly to replace Tomas Dyrbye as chief executive
- Senior US admiral sees risk of China limiting access to South China Sea
- Anhui provincial port capacity to increase to 500 million tonnes by 2015
- Logwin expands in south China with new Guangdong sales office in Foshan
- WSC elects NOL's new CEO, Ng, to head up Council after Widdows departs
- DP World fails to develop Aden Port in Yemen as agreed
- Forwarders need strong carrier relationships, warns leading forwarder
- FedEx expands Hong Kong airport floor space 37pc to 4,695 square metres
- Qantas to add 14 aircraft, including planes from Airbus, Embraer, Fokker
- AA Cargo tops air freight volume ranking at New York's JFK airport
|JANUARY 13, 2012|
- Allcargo Logistics, Chennai handles record LCL export consol boxes in 2011
- Frontline concludes restructuring; splits company into two
- Sanjoy Das of Pole Star Logistics wins individual golf title in Chennai
- Dahej port commissions second jetty
- Global airfreight shrinks 3.1 pc towards end-2011
- Corporate India raises $ 1.6 bn through ECBs in Nov.
- Govt cuts onion export price to $ 150/t
- Moodys upgrades Indias foreign currency deposit
- PE firms pumped in $ 10.11 bn last year: Report
- Sections of industry feel let down by move to extend export credit
- Sensitive items' imports climb 42 pc in April-Oct. 2011
- A 12-step guide to managing your money in 2012
- Govt prepares for oil supply hit
- Oil prices to soar 50 pc if Iran goes ahead with Strait of Hormuz blockade
- Rupa Bhaty's 'Ruhaniyat' exhibition a success
|JANUARY 12, 2012|
- Globe Air Cargo awarded Vietnam Airlines UK contract
Vietnam Airlines has chosen Globe Air Cargo as its general sales agent for a new route between London Gatwick, Hanoi and Ho Chi Minh City. The airline operates four Boeing B777 fli...
- Temporary Egyptair capacity reduction to New York
Egyptair is reducing frequencies between Cairo and New York JFK from daily to five times a week until April, deploying Boeing B777-300ER aircraft on the route.
- Contargo transferring activities to Frankfurt
The container terminal operator Contargo Aschaffenburg, which previously operated from the inland port of Aschaffenburg on the river Main, is transferring its activities to Frankf...
- Euro 0 vehicles banned from parts of Styria
Trucks and trailers in the emission class Euro 0 (vehicles older than 20 years) will be banned from 33 communities in the Austrian state of Styria from 1 March. The required Austr...
- Norfolk Southern expanding Harrisburg intermodal operations
Norfolk Southern, a top US transport company, is moving forward with plans to expand operations at its Rutherford intermodal facility near Harrisburg PA, after the USA's transport...
- Bulgaria and Turkey sign road transport treaty
Bulgaria and Turkey have entered into a new road transport treaty which is based on a framework set by the European conference of transport ministers and aims to enhance road haul...
- FAA in controversy over lithium battery air carriage safety study
The executive director of the Rechargeable Battery Association of the USA, George A. Kerchner, said recently said that an FAA study of the potential risks posed by transporting lit...
- Port of Montreal does exceedingly well in 2011
Preliminary data shows that the port of Montreal's total volume of cargo handled in all traffic is expected to increase by more than 9%, according to Sylvie Vachon, the president a...
- Gratifying throughput for Dunkirk in 2011
2010 was difficult for the port of Dunkirk, and 2011 excellent, according to Stéphane Raison, the hub's head. The port registered growing throughput for almost all types of goods ...
- Ceva signs agreement with La Scuola
The SCM specialist Ceva Logistics has signed a five-year contract with La Scuola, an Italian school books publisher. Ceva will manage warehousing activities for materials and books...
- GAC Group expanding in Nordic countries
The GAC Group has expanded its Nordic ship and liner agency and project logistics network with the acquisition of the shipping subsidiaries of the Lehmann Nordic Group. The acquis...
- Grant Daly named Safmarine CEO from February
Safmarine has appointed Grant Daly as its new CEO with effect from 1 February. South African-born Daly, currently the head of Safmarine's multipurpose vessel unit, joined Safmarin...
- New head for Quehenberger Romania
Cristian Albu has been named as the new head of Quehenberger Logistics in Romania. Albu, who has 15 years of forwarding and logistics experience, was last in charge of developing ...
- Rieck Logistik expanding
Berlin-based Rieck Logistik is now the majority shareholder in the Rostock-based freight forwarder Homtrans Service. Rieck originally took a 35% stake four years ago. The Rieck gro...
|JANUARY 12, 2012|
- Dubai based unit to manage class docking of all Bourbon vessels
- Liberty ship Jeremiah O'Brien set for major preservation work
- Chinese Ropax ferry to have MAN Diesel & Turbo propulsion package
- Rolls-Royce to deliver engines, propulsion systems for LNG-fueled tugs
- Ezra kicks off 2012 with $120 million of new orders
|JANUARY 12, 2012|
- Port Tracker report predicts box moves to be static in January
- BTS freight transport index climbs during month of November
- Coast Guard medevacs sailor from USS RONALD REAGAN
- Horizon Lines completes debt-to-equity conversion
- AAR releases 2011 edition of railroad facts publication
|JANUARY 12, 2012|
- Explosions force Maersk to check whole reefer fleet
Experts point finger at counterfeit refrigerant
- Reefer owners need standardised testing
Progress has stalled, says TT Club
- Opportunity knocks for quality operators
People don't want their reefer boxes blown up so they are going to turn to people that know how to run them, says GE Seaco's Andrew Evans
- Drewry forecasts freight rate rally in late 2012
But outlook is bleak for box lines in the short term
- Keep cool over LNG shipping in Arctic
Shipping LNG from Norway to Japan via the Arctic Northern Sea Route may not be the hoped-for time saver
- Angolan activity rattles oil services supply chain
Effects felt beyond rigs and offshore support vessels
- Namibia plans to scrap licensing and switch to bid rounds
Recent estimates put offshore reserves at 11bn barrels,rivalling the estimated 13bn barrels offshore Angola
- Angola's pre-salt formations may yield Brazil-scale riches
Geological charts suggests that features similar to the super-giant Brazilian discoveries also exist in West Africa
- Is shipping's glass half full or half empty?
Prospects for shipping and the economy are tied to the environment and wider social change
- Demise of SeaFrance can give ferries industry a fresh start
The time is therefore right for a proper debate in the UK about what is needed from ferry services
- Maersk to inspect all reefer boxes
World's largest operator of refrigerated containers instigates an inspection of its entire fleet of containers following the explosions that killed three people last year
- Costamare keeps payout steady
Greek containership owner says aim remains to increase dividend over time
- Chinese banks slow to process loans
Delays of up to nine months are common
- Lines make plans as protests keep Nigerian ports shut
No sign of end to nationwide strikes
- Product tankers wary as US gasoline use set to fall further
More fuel efficient cars and fewer drivers cut consumption and imports
- Stena ponders five LNG ship order
Possible $1.2bn investment in tonnage after talks with Russian charterers
- Alma Maritime charters out suezmax for one year at $16,000 per day
Greek owner reported to have accepted price that is half the level of previous Sanko deals
- Repairs carried out on Vale Beijing
Still no date for towing to repair yard
- Vinashin debt woes hit London insurance market
Hard-up shipowners forced to reschedule
- McQuilling acquires Singapore-based bulk carrier brokers
New dry cargo business adds to group's offerings in Asia
- Vale declares force majeure on Brazil contracts
Heavy rains and mudslides disrupt 2m tonnes of iron-ore exports
- Polar opposites
Russia must compromise for countries to agree a polar shipping code
- Navios Acquisition inks charters for five upcoming MR2 newbuildings
Deals enable owner to 'patiently await' market upturn, says Angeliki Frangou
- Global supramax charter rates hit lowest level in three years
Daily rates out of US Gulf fall $4,000 in two days
- All change at Maersk
Why Eivind Kolding chose to quit continues to preoccupy the container shipping world
|JANUARY 12, 2012|
- Koreans reportedly mulling joint bid for GTT
KOREAN shipbuilders are reportedly preparing a joint €1Bn ($1.27Bn) bid to take over French gas carrier design specialist Gaztransport & Technigaz (GTT)
- Warship squeezes out pirate mother ship
PIRATES on the hijacked Greek-owned chemical tanker Liquid Velvet were forced by a UK warship's crew to abandon attacks on cargo ships in the Gulf of Aden
- Navios fixes growing fleet
ANGELIKI Frangou's tanker unit Navios Acquisition today confirmed steady progress in placing its newbuildings on long-term charters
- Liners box up rate war
THE LINER rate war that enlivened last year is likely to wane in 2012, a key box sector analyst predicted today
- Seaspan's buyback is oversubscribed
GERRY Wang-led Seaspan today confirmed that its tender to buy back shares enticed more than twice as many sellers as stock on offer
- Oz investigates sinking
INVESTIGATIONS have begun into the how the cargo ship Tycoon sank this week at Christmas Island, a territory of Australia in the Indian Ocean
- Vale force majeure affects Capesize sector
STORMS in Brazil have caused Vale to declare force majeure on several of its iron ore sales contracts, from today
- Lloyd Fonds settles claim
LISTED Hamburg KG house Lloyd Fonds today announced that it had settled its debts with German shipping banks
- VLCC rates seen slipping
FIXTURE rates for VLCCs over the rest of January are softening and could be lower than in December, brokers told Fairplay today
- Brokers exploit Heidi
CHARTERERS are exploiting concern about Cyclone Heidi to push down rates for bulker shipments from Australia, brokers told Fairplay today
|JANUARY 12, 2012|
- Pacific Alaska Freightways Buys Forwarder
Pacific Alaska Freightways, a trucking and intermodal operator with headquarters in Fife, Wash., acquired Seattle-based Southern Alaska Forwarding. The...
- Chamber's Donohue Pushes Six-Year Transport Plan
U.S. Chamber of Commerce President Thomas J. Donohue said on Thursday Congress should pass a long-term surface transportation bill that...
- Asia-Europe Rail Operators Expect Boom
Rail services linking Asia and Europe are set to boom as shippers take advantage of an operation that is faster than...
- Weiss Rohlig Acquires Japanese Logistics Firm
Weiss Rohlig said the recent acquisition of Japan's JHB Express will benefit the joint venture's U.S. customers and tap...
- Port Tracker Expects US Imports to Rise in Spring
Import volume through major U.S. container ports should be nearly flat in January before rising this spring, the National Retail...
- Strike Closes Nigerian Ports, Stalls Maersk Service
National strikes have shutdown Nigeria's ports, forcing Maersk Line ships to wait until the protests over the cancellation of popular...
- Regulation Alert!
A year after President Obama signed the Food Safety Modernization Act into law, the Food and Drug Administration says it...
- ILA's Opening Shot
An International Longshoremen's Association demonstration outside a New Jersey container terminal may be a hint of things to come as...
- Staying Afloat
Ocean carriers are at a turning point. The financial results paint a picture of an economically troubled industry that has...
- US Manufactuers Expect Modest Growth in First Half
U.S. manufacturing is expected to continue growing but at a more moderate pace during the first half of 2012, according...
- Ambassador Bridge Owner Moroun Jailed
Billionaire trucking executive Manuel "Matty" Moroun, owner of the Ambassador Bridge, was thrown into jail Thursday for failing to obey...
- US Retail Sales Growth Slowed in December
U.S. retail sales grew in December at their slowest pace in seven months but finished 2011 with a year-over-year rise...
- FDA to Freeze Orange Juice Import Supply Chain
The Food and Drug Administration is freezing orange juice imports at U.S. ports while it tests shipments for the presence...
- Seaspan Says Buyback Offer Oversubscribed
Seaspan said its offer to buy back up to $169.5 million of its stock has been oversubscribed and that it...
- Ocean Shipping May Face 'Deepwater Horizon' Test
Container shipping may face its "Deepwater Horizon moment" if a casualty involving a large vessel overwhelms the salvage industry's ability...
- Heathrow Cargo Traffic Jumps 14.2 Percent
London Heathrow airport boosted cargo traffic 14.2 percent in December from a year ago, a record for the month and...
- NC Ports CEO Eagar Forced Out
Tom Eagar, CEO of the North Carolina State Ports Authority, was forced out of office this week in a shakeup...
- JOC's Szakonyi Tours Panama Canal During Expansion Project (Video)
On the first day of a two-day Panama Canal tour, JOC Editor Mark Szakonyi checks out a Hamburg Sud container...
- Asia Container Exports to Europe Plunge 5.8 Percent
Asian container shipments to Europe in November fell 5.8 percent from October and were down 5.3 percent year-over-year, as the...
- Asia-Europe Rates Rise for Fourth Week
Average spot rates on the Asia-Europe trade lane increased this week for the fourth week in a row, as European...
- CMA CGM Hikes India to Europe, Mediterranean Rates
French ocean carrier CMA CGM imposed a general rate increase on westbound trade moving on its Epic service from India...
|JANUARY 12, 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 12, 2012|
- CHEC eyes Venezuela
China Harbour Engineering in talks to invest $600m in Puerto Cabello logistics complex and other Venezuelan port projects.
- Canada nears 'new era'
Stephen Harper says $35bn worth of shipbuilding contracts will provide three decades of stability for Canadian yards.
- Pirates storm warship
Somali hijackers abandon corpse in the Gulf of Aden as Spanish warship responds to attack with gunfire and arrests.
- Pacific Drilling sets sail
Ofer-backed drillship owner begins to abandon Oslo OTC as shares shift from Norway to New York.
- Grieg in Atlantic upgrade
Norwegian owner adds another open-hatch bulker to Atlantic run in response to cargo spike.
- NNA mints five fixtures
Angeliki Frangou-led tanker owner poised to squeeze $37m out of freshly minted product carrier contracts.
- SapuraCrest goes Dutch
Malaysian offshore company pens pipelaying support duo at IHC Merwede Offshore and Marine.
- Titagarh eyes panamaxes
Indian engineering group plotting two new shipyards at cost of $1.3bn to build bulkers.
- Grindrod warns on profit
South African tanker and bulker owner says 2011 earnings could have fallen up to 45% in weak markets.
- Seaspan goes for more
Gerry Wang-led boxship owner to purchase 11.3 million shares after buy-back tender is oversubscribed.
- Mothership rumbled by Navy
Pirated Greek tanker which had gone walkabout is forced back to the Somali coast.
- Ezra Holdings wins more
Lionel Lee's offshore outfit racks up the new deals in 2012 as it waits for subsea to boost bottom line.
|JANUARY 12, 2012|
- Singapore bunker sales up 5.6% year-on-year
MPA statistics show bunker sales have risen every year since 2003.
- Fujairah prices soften
Fuel oil prices fall in most markets, especially South Africa.
- Bunker prices mixed in Europe
Avails tight for HS marine fuel in Rotterdam.
- New threat to oil output sees NYMEX climb
Nigerian oil workers 'to stop all production from Sunday'.
- Rolls-Royce to provide engines for LNG tugs
'The combined power and propulsion system is estimated to give a reduction in fuel consumption of up to 30%.'
- Maersk to upgrade its satellite communications technology
Ericsson equipment will help Maersk Line gather information about vessel operation and bunker consumption.
- Global Vision Bunkers welcomes new team member
The global trader and broker employs Baltic Exchange Representative.
- Sources report 'panic-buying' as prices rise
'Heavy' demand for bunkers keeps IFO stocks low.
- Oil sheen spreads from Rena wreck
Severe weather expected on Friday.
- Bunker prices weakening in Asia
Traders report average demand.
- 'Floating gas station' owner convicted of pollution charges in Hawaii
Keoje Marine fined $1.15 million for discharging oily bilge waste into US waters.
- IFO shortage persists in Singapore bunker market
Some fuel oil cargoes arriving at the port have more than 3.50% sulphur content.
- European refiners in tie-up talks
Total SA and Ineos AG in partnership talks for La Mede refinery and Lavera facility.
- Mexican bunker supplier expands local operations
Starts physical supply of IFO and MGO at port of Veracruz in the Gulf of Mexico.
- South China fuel oil stocks decline
Stocks expected to ease further in the coming week on slowing demand.