|MARCH 16, 2012|
- PIL takes stake in Dalian shipyard
FROM container shipping, Singapore's Pacific International Lines (PIL) has leapt into owning a shipyard for the first time.
- TSA recommends fresh hike of US$400 per FEU
A transpacific container shipping group has recommended a new rise in freight rates of US$400 per 40-foot unit (FEU) to take effect on April 15 in a bid to bring up rates from loss-making levels.
|MARCH 16, 2012|
- Transpacific Stabilisation Agreement raises rates US$400/FEU April 15
- US tells WTO India's chicken embargo over bird flu is 'unjustified'
- Tianjin container volume increases 5.2pc in first two months of 2012
- CSAV posts net 2011 loss of US$1.24 billion, revenue falls 1.2pc
- China Merchants looks to investment opportunities in emerging markets
- Sacked Auckland dockers harass truckers, non-union men at port entrance
- Spain's two big unions vote for one-day general strike on March 29
- DHL 2011 profits up 32.8pc to US$3.18 billion on 2pc revenue increase
- Panalpina reverses loss in 2010 to post profit of US$138 million last year
- Spot rates buck up, but cheaper long-term contracts reduce carrier gains
- US import shipment volume in February declines 17pc: Zepol reports
- Singapore-based MCC calls at Taiwan in revised intra-Asia loop
- Black Sea's Novorossiysk improves cargo throughput despite foul weather
- Port of Houston expands gate automation using optical character reader
- US claims victory at WTO over EU charges of illegal Boeing subsidies
- Air France-KLM, Martinair expand joint services to Asia and Africa
- IATA presses for stronger partnerships across air freight value chain
- Panalpina gives Huntsville Alabama airport record cargo year, up 32pc
- Yunnan's Lijiang Airport passes inspection as international hub
- Average ship capacity in Yangtze River trunk line rises to 1,007 tonnes
- Fuzhou road cargo volume up 5.4 per cent in first two months
|MARCH 16, 2012|
- MOL launches first hybrid car carrier
- TT Club analysis pinpoints risk hot spots for freight forwarders & logistics operators
- Pak's MFN status benefits to elude India for now
- Centre asks coastal states to explore possibility of setting up new Major Port
- New Mangalore Port handles largest coal parcel size
- VOC Port surpasses cargo handling target
- ILFI hails Railway Budget's modernisation proposals
- Industry welcomes Rail Budget
- Rlys incur ' 1,144 cr. freight loss due to iron ore ban
- Rlys to aggressively focus on PPP model
- Service tax on rail freight may increase rates further
- Economic Survey expects 6.9 pc growth this fiscal, 7.6 pc next
- Govt yet to take decision on investments from Pak
- RBIs mid-quarter policy review keeps rates unchanged
- Steel Ministry suggests doubling import duty to 10 pc
- Suspension of export registrations triggers fall in cotton prices
|MARCH 15, 2012|
- SAA increases service to Zambia
Starting today (15 March), South African Airways (SAA) is increasing its service on Johannesburg - Lusaka (Zambia) route from 16 to 18 weekly. In addition to the South African Airl...
- Horizon Lines appoints new vice-president in Puerto Rico
The US carrier Horizon Lines has selected Richard Rodriguez as its vice-president and general manager for Puerto Rico. In this new role, he will be responsible for all on-island sa...
- MOL to open new Singapore-Yangon SYX service
The Japanese shipping company Mitsui O.S.K. Lines (MOL) and Thailand-based Regional Container Lines (RCL) are jointly launching a new service called SYX that will link Singapore an...
- Spain: CAF's annual returns increase by 13%
Construcciones y Auxiliar de Ferrocarriles (CAF), a Spain-based market leader in the design, manufacture, maintenance and supply of equipment and components for railway systems, re...
- DB Schenker offers new intermodal transport capacity between Belgium and Italy
DB Schenker is now offering new intermodal transport capacity between Belgium and Italy Semi-trailers can travel along the Antwerp (Belgium)-Novara (Italy) route now via intermodal...
- Elvis AG lands transport contract for medical products
Elvis AG, a European cargo alliance of global forwarders, has signed a major long-term international transport contract with Paul Hartmann AG. The agreement covers intercompany tra...
- ICTSI: 2011 net income grew to USD 130.5 million
Philippines-based International Container Terminal Services Inc (ICTSI) has reported consolidated audited financial results for the year ended 31 December 2011. The service provide...
- Daimler North America recalling more than 100,000 trucks
Daimler will recall more than 100,000 trucks in North America because of potentially faulty fuel lines. The recall encompasses models of Daimler's subsidiaries Freightliner, Sterl...
- Strategic move between Saudia Cargo and Saudi National Shipping Company
In a strategic move, Saudi Airlines Cargo Co and the National Shipping Company of Saudi Arabia have established a three-year agreement toward freighting NSCSA urgent goods and equi...
- Heavyweight Air Express reports strong USA growth for Ethiopian Airlines
Air cargo general sales agent Heavyweight Air Express recently reported its year-on-year traffic results for Ethiopian Airlines Cargo in the U...
- Gefco is new logistics partner of Alpargatas
The French logistics corporation Gefco has developed an individual solution for the Brazilian company Alpargatas, a flip-flops manufacturer that created the famous Havaianas brand....
- Menlo Worldwide granted secure trade partnership by Singapore customs
Menlo Worldwide Asia Pacific Pte Ltd, the global logistics subsidiary of Con-way Inc, recently received Secure Trade Partnership (STP) certification from Singapore customs. A volun...
- Toll Group starts to fulfil gas transport and storage contract
Toll Energy, part of the Australia-based Toll Group, has started to work on a AUD 45 million transport and storage contract, which is part of QGC's major Queensland Curtis Liquefie...
|MARCH 15, 2012|
- Spanish shipyard wins order for live fish transport vessel
- Stolt Valor suffers explosion
- Coast Guard releases tech package for Offshore Patrol Cutter
- Wärtsilä inks service agreement with Prestige Cruise Holdings
- Rolls-Royce wins PSV design and equipment order from Hyunda Mipo
- LaHood makes $54 million more available for Kings Point construction and renovation
- Mærsk containership drydocks at Colombo Dockyard
|MARCH 15, 2012|
- Trucking group praises Senate for passing transportation bill
- PlantsPlus moving to Port of Chehalis location
- NOAA gives Ok to states to kill destructive sea lions
- Port of Portland taps Nichol as new chief financial officer
- AAPA schedules conference celebrating centennial anniversary
|MARCH 15, 2012|
- Busy US Gulf props up MR product tanker market
Triangulation cuts costs between Europe, Atlantic and US Gulf
- No regrets on Ecdis?
In about four months the phased carriage requirements for the Ecdis will bite
- Methodology at a glance
Lloyd's List Intelligence offers comprehensive and transparent assessment of vessel lay-ups
- One million teu idle by year-end
Lloyd's List Intelligence expects inactive box ship capacity to hit 1m teu
- Fears Libya is inching towards a new civil war
New threat to oil supplies as Benghazi demands regional autonomy
- Canines trained to sniff out crude oil
Research shows dogs can detect oil up to 5km away
- Chemical tankers eye biofuel opportunities
High oil price could start biofuel boom, London conference is told
- Has BG Group lost faith in Australia's coalbed methane?
Decision to sell stake in Queensland Curtis LNG raises questions about extraction
- Comment: splashing the cash?
How do a reported rise in shipfinance and Cexim's credit lines scale up?
- Exclusive: Economou to pull tonnage from Heidmar
Greek magnate woos tanker charterers
- Indian steel boom could boost coking coal imports
But iron ore and steel trades might suffer
- China deploys more domestic tankers
Quest for energy security to reduce reliance on Middle East
- BP investigates charter department bribery claim
Whistleblower claims senior official took kickbacks for favourable tanker rates
- The sun also rises for supramax trade
Earnings rise as nickel ore chartering lifts Pacific market out of the doldrums
- Sanko vessel sale rumoured
Sanko Mineral reported sold for $20m
- Rotterdam World Gateway queries ECT court action
Consortium seeks answers over pending €900m compensation claim
- Pacific lines plan third rate increase
April rise brings total hike to $1,100 per feu
- Essar will carry Iranian crude as long as viable
Ramakrishnan also rejects criticisms of Indian protectionism
- Slow support
Despite appearances, new lending for shipping is on the rise, mostly from Asia
- EU may relax Iran insurance ban
Decision unlikely before April as July sanctions loom
- Don't ban the cheap stuff
Fuels with higher sulphur content may still be useful as prices continue to rise
- Ministers disagree on proposals to ban high-sulphur fuel in Europe
Shipowners would be forced to buy more expensive fuels if 3.5% content limit is agreed
- Klein to head Blue Star
Former chief of Germanischer Lloyd will lead shipmanagement giant
- Eagle prepares for life after Korea Line
Talks continue but 13 ships may exit original charters
- Exclusive: China Eximbank pledges $20bn to Cosco and China Shipping
Bank extends credit lines to state-owned conglomerates
- Sanko turns to out-of-court debt restructuring
Alternative dispute resolution seeks consensus
- ISC agrees sale of two car carriers
Deal with NCC to pay debt
- 'Turbulent' year drives down Boskalis profits
Delayed investment decisions squeeze dredging firm's margins
- Ship lending defies downturn
Intriguing data suggests fewer funds from Europe offset by increase from Asia
- Korea Line non-payment adds to Eagle Bulk woes
Crunch-time for supramax specialist after loss-making 2011
|MARCH 15, 2012|
- P&I shift on Iran ahead?
THE EU might review its hard-line strategy regarding P&I cover for vessels calling in Iran, a shipping analyst says
- UK slips summons to Russia's big banana
VLADIMIR Kekhman, controlling shareholder of Russia's biggest banana trader JFC, has been summoned to face contempt charges in the UK High Court
- Eagle shares under pressure
SHARES of NASDAQ-listed Eagle Bulk are falling today after the company offered no concrete guidance on its debt restructuring
- Upside seen for offshore
DNB BANK analyst Kay Lim said today stocks of offshore companies can still build on their recent price growth
- India iron ore fixtures rise
INDIAN iron ore fixtures have surged to a 2012 high as authorities cut rail freight charges to boost shipments, drybulk consultancy Commodore Research said today
- VLCC owners hail surge
OWNERS of VLCCs finally have cause for cheer, with rates surging because of a rush to cover loadings for the first 10 days of April
- Jinhui's profits fall 29%
JINHUI Holdings today said its net profits for 2011 dropped to HK$259M ($33M), 29% down on a year earlier
- Study warns of Oz proposal's cost
PROPOSED changes to Australian shipping laws would increase drybulk freight rates by up to 16%, according to new economic modelling
- Clock ticks for Eagle
NASDAQ-listed Eagle Bulk, which is nearing a deadline on its bank negotiations, has revealed that Korea Line is "not performing" under its charter agreement
|MARCH 15, 2012|
- LA Mayor Villaraigosa on Port's Carbon Footprint, Competition (Video)
Mayor of Los Angeles Antonio Villaraigosa details how the port has become an industry leader in cutting its carbon footprint...
- CP to Haul Additional 2 Million Tons of Frac Sand
Canadian Pacific Railway will haul an additional 2 million tons of frac sand annually through a recently signed multiyear agreement...
- Cargo Transport Via Waterways is Most Fuel-Efficient, Says Study
Water transportation remains the most fuel-efficient way to transport goods, according to a new report from the Texas Transportation Institute....
- US-South Korea Trade Pact Takes Effect
The U.S.-Korea Free Trade Agreement took effect Thursday, giving American exporters greater access to the South Korean market. ...
- UP Names Butler VP, Marketing and Sales
Union Pacific Railroad tapped Eric Butler as vice president of marketing and sales, succeeding Jack Koraleski, who has taken the...
- Guinness Shipments to US Soar 244 Percent
Irish brewer Guinness is tapping a deep thirst in America, with U.S. imports of Guinness's trademark Irish stout soaring 244...
- Lufthansa Cargo Tallies Second-Best Annual Profit
Lufthansa Cargo's operating earnings fell to $326 million in 2011 from a record $406 million in 2010, but it was...
- XPO Logistics Boosts Stock Offering, Sets $15.75 Share Price
XPO Logistics increased its public stock offering by 2 million shares Thursday, putting 8 million shares of common stock on...
- ICTSI to Operate New Terminal in Nigeria
Global port operator International Container Terminal Services Inc. has been selected to operate a new container terminal near Lagos, Nigeria....
- Maersk CEO: Ocean Carriers Have Idled 5 Percent of Fleet
Container shipping lines have idled about 5 percent of global fleet capacity, or 800,000 20-foot equivalent units, as demand for...
- Expansion in the Works at Indonesia's Tanjung Priok
The controversial state-owned winner of a contract to expand facilities at Indonesia's Tanjung Priok says container handling capacity will double...
- Long Beach Container Volume Declines
Container volume in February at the Port of Long Beach declined 15.2 percent year-over-year. Imports from Asia were affected by...
|MARCH 15, 2012|
- Tanzania Revenue Authority introduces ECTS
On March 12, the Tanzania Revenue Authority (TRA) introduced an electronic cargo tracking system (ECTS) covering all goods transported in both containers and loose ...
- Dr Klein to manage Blue Star Holding
Dr Hermann Klein has been appointed chief executive officer of Blue Star Holding, the company currently being set up to manage the combined fleets of E.R Schiffahrt ...
- ICS 'impressed' with India's piracy strategy
That was the message coming from the International Chamber of Shipping's [ICS] director of external relations, Simon Bennett yesterday, who was attending the first ...
- South Africa's 2012 trade in positive territory
Figures recently published by the South African Government suggest that from a trading perspective this year will be stronger than in 2011, but that progress could ...
- CMA CGM to increase more rates
Financially challenged CMA CGM has declared its intention to increase freight rates in the tradelane from Western Asia (Indian Subcontinent and Mid-East Gulf) to ...
- 10% jump in US imports underscores TSA's ambitions
According to the latest monthly report by Global Port Tracker [GPT], March imports into the major US retail ports are expected to increase by 10%, versus the same ...
- TSA presses for yet another rate rise
Members of the Transpacific Stabilization Agreement are planning to raise freight rates in the Asia/US tradelanes by another USD300/FEU from April 15. It will be ...
- ILWU Canada president: USEC labour negotiations 'blue print' for North America
The US East Coast labour contract negotiations due to take place later this month could set a 'blue print' for North America and impact on labour relations in Canada, ...
- Felixstowe's new rail terminal a step closer
The construction of Felixstowe's new North Rail Terminal formally commenced yesterday. Once completed in the middle of next year, it will significantly increase ...
|MARCH 15, 2012|
- Tanker stocks ignite
Frontline and OSG enjoys double-digit gains as spot rally fuels Wall Street revival but analyst fears surge will be short lived.
- Heidmar mum on pull-out
Rumour mill shifts into high gear as George Economou is linked to plan to transfer pooled tankers to Cardiff Marine.
- Timeline tightens
Gelso M owner says fuel removal is paramount as probe reveals "significant damage and flooding".
- Eagle downed and falling
Cantor Fitzgerald brands Nasdaq-listed owner a sell with its shares already in reverse.
- Allied battle escalates
Embattled operator mum on talk of restructuring as Norwegian bulker owner joins claimaint queue.
- CSDC earnings hit
Chinese tanker and bulker owner still firmly in the black for 2011, but rising costs hurt its margins.
- JES profit jumps
Singapore-listed shipbuilder sees its full-year bottom line take flight as second yard spurs revenue.
- Sanko checks into rehab
Japanese authorities approve ailing operator's request to seek shelter under alternative dispute resolution system.
- Comma costs owner dear
Lou Kollakis set to pick up the loss of hire bill for panamax bulk carrier seized by pirates.
- Brooklyn Bridge bashed
Tug captain to be questioned over crane scrape that left 50-foot hole in New York landmark's scaffolding.
- Boskalis pins Concordia cost
CEO Peter Berdowski says salvage fee for stricken cruiseship will comfortably pass EUR 100m.
- Carnival invests in Mexico
US cruiseship owner to spend more than $150m on new terminals in Cozumel and Baja California.
- BP investigates bribery claim
Whistleblower claims senior executive received backhanders for uncommercial tanker chartering deals.
- Klein to head German giant
GL man brought in to run merged operations of ER Schiffarht and Komrowski, now Germany's biggest shipping company.
| - Ocean news||web site|
|MARCH 15, 2012|
- Transpacific lines seek April 15 rate hike
- CMA CGM raising rates on several trades
- Hanjin Logistics opens 3 offices
- International Shipholding sells 2 PCTCs
- MOL appoints agent for Romania, Ukraine
- Purolator International names Routledge VP sales
- Indian 3PL market set to boom
- Aramex enters Korean market
- Senate passes two-year highway bill
- XPO Logistics increases stock offering
|MARCH 15, 2012|
- International trade in need of unified climate policy
'If countries want to trade with each other, they need to realise that it is necessary to talk the same language when it comes to emissions control.'
- Trucks to pump out fuel and residue from grounded vessel
Sources confirm that trucks are being transported to site which will be used in process of pumping out oil and residues.
- Fujairah plans to significantly boost fuel storage capacity
Port will raise tank capacity to 10 million cubic metres by 2014.
- IFO prices softening in northern Europe
Hamburg LS avails 'tight', a player told Bunkerworld.
- Prices soften in Fujairah bunker market
South African prices largely stable.
- Complaint against bunker operations fails to win EC support
Commissioner for the Environment sees 'no evidence' that Gibraltar is breaching EU rules.
- Commodity trader aims to become global bunker supplier
'We are building a global bunker business, based on controlled intelligent growth with a high level of service,' says Tolson.
- Russia fuel oil taxes could jump by 50%
Sources say export duty could rise to $415 pmt.
- Fuel oil stocks at 11-month high
Arbitrage volumes surge while demand stays weak.
- Supplier's new website includes contract and quotation forms
Total Marine Fuels says 'everything has been brought up to date.'
- Price movements mixed in Asian bunker markets
No supply issues in key Asian ports.
- New bunker trader joins Dan-Bunkering
Kaseem Damilare Ayanlola will be based at the company's Copenhagen office.
- South China fuel stock sees slight increase
Inventories improved to over 1.3 million mt in the week ended March 14.
- Slow steaming reaches 'optimal' level
Surplus of boxes, ships will be around for 'quite a while', says Rickmers Maritime Trust Director Lim How Teck.
- European ports 'satisfied' with EU moves on sulphur
Ports applaud support for use of 'scrubbers.'
- O.W. Bunker restructures Northern European trading division
New regional management structure will see changes at firm's Aalborg, Copenhagen, Hamburg, UK and Russian desk.
- BLT seeks to extend court order protection in US
Applications in US court will ensure 'similar protection' of an order that prevents the arrest of its vessels in Singapore, it says.