|JANUARY 17, 2012|
- Italy accident could hit cruise industry
The spectacular cruise liner accident off the coast of Italy is not just a disaster for the ship's owners, but could inflict wider damage on an industry already facing stiff headwinds.
- Samsung wins 2.6t won LNG plant order
Samsung Heavy Industries Co won a 2.6 trillion won (S$2.9 billion) order from Japan's Inpex Corp to construct the world's biggest liquefied natural gas processing facility, helping the shipbuilder boost offshore projects amid slowing demand for vessels.
- China oil shipments on the rise
China expanded its share of global crude oil shipments in 2011, with government-owned trader China International United Petroleum & Chemical Corp rivalling Royal Dutch Shell, currently the world's largest charterer.
- Piracy forces ships to Mauritius for bunkering
|JANUARY 17, 2012|
- Somali pirates release Hong Kong's Anglo-Eastern ship held since August
- Maersk slow steams, adding 7 days to China-Indian subcontinent loop
- Zim's Gold Star and Maersk's MCC Transport join in intra-Asia service
- Tianjin volume tops 11.5 million TEU in 2011, breaking all port records
- As Hormuz Strait hots up, APL markets Oman box port beyond conflict zone
- Horizon begins climb from abyss, completes debt-for-equity conversion
- US boxed imports up 1pc in 2011 with China goods suffering 0.8 decline
- Auckland transhipments 25pc of its total, Tauranga's transships 15pc
- Russia's AirBridgeCargo launches scheduled cargo flights to Chengdu
- Night flight ban bites as Frankfurt air cargo falls 6.5pc in December
- Air France-KLM, downsizes, freezes hiring, pay to cut US$2.5 billion debt
|JANUARY 17, 2012|
- Agreement inked to form Nova Tankers VLCC pool; to be operational in early February
- Cargotec & Maersk develop automatic box twistlock; to be installed large-scale on line vessels
- CAYTRANS BBC expands service
- Freight rate surge temporary unless surplus capacity taken out: Drewry
- Med ports to gain if cargo shifts south
- NOL's new CEO to head WSC
- NYK Group companies sign Maritime Singapore Green Pledge
- Shipping faces serious challenges as it takes the long-term view: Moore Stephens
- Delhi High Court refuses to maintain status quo on tariff under TAMP's 2005 guidelines
- Govt to create 3,200 mt of port capacity by 2020: Vasan
- New independent regulator for road sector proposed
- Govt considering white paper on export goof-up
- No change in Pak biz show plan: Commerce Ministry
- CIIs second FTA stakeholder meet today
|JANUARY 16, 2012|
- Goodman: new logistics centre for VW commercial vehicles
The property developer Goodman has handed over the first hall section at a new logistics centre in Hanover (Germany) to Volkswagen Nutzfahrzeuge. The facility will be used for the ...
- USD 186 million to expand high-speed railway in the US Midwest
US transportation secretary Ray LaHood awarded more than USD 186 million to the Illinois Department of Transportation (IDOT) for a high-speed rail project. The project will extend ...
- Freightliner launches new improved biomass wagon
The UK-based bulk rail freight company Freightliner Heavy Haul has unveiled its new prototype covered hopper wagon that has been developed for the biomass market. The wagon is a mo...
- Teleroute survey: forwarders expects secure electronic handling
A survey carried out by Teleroute, a leading pan-European online freight and vehicle exchange, revealed that the majority of forwarders are interested in simpler and yet secure met...
- EU motorways of the seas project progressing to final stage
The prototypes of the EU's monitoring and operation services for motorways of the seas are reaching the final stage, as the project prepares for its so-called prototyping informati...
- Hong Kong Airlines suspends Moscow service
As per today (16 January), Hong Kong Airlines is suspending its thrice-weekly service between its home base and Moscow Sheremetyevo airport (Russia). The link was operated by Airbu...
- Gruchow joins BVL advisory committee
Dr Andreas Gruchow, board member of Deutschen Messe AG, has been appointed to the advisory committee of the German logistics association BVL (Bundesvereinigung Logistik e.V.). The ...
- Horizon Lines completes mandatory debt conversion
The US- bases shipping company Horizon Lines Inc has completed the mandatory debt-to-equity conversion of approximately USD 49.7 million of the company's 6% series B mandatorily co...
- Lufthansa Cargo posts record tonnage in 2011
Lufthansa Cargo boosted tonnage to an all-time high last year. Germany's biggest cargo airline carried around 1.9 million t of freight and mail in 2011, an increase of 5% o...
- Carrier Transicold wants its electricity from renewable sources only
The headquarters of Carrier Transicold's European corporation in Rueill near Paris (France) wants to reduce the carbon footprint of its production of truck and trailer refrigeratio...
- Senegal Airlines awards global GSSA contract to ECS Group
Senegal Airlines has appointed ECS Group as its worldwide air cargo general sales and service agent (GSSA). The agreement sees ECS responsible for marketing the cargo capacity of...
- Jonen Freight turning into Dachser
The South African logistics firm Jonen Freight is to start trading under the name Dachser South Africa (Pty) Ltd with immediate effect. The move comes only one year after the Germa...
- DB Schenker Logistics takes over Suomen Kiitoautot Oy (Finland)
Oy Schenker East A, DB Schenker's national subsidiary in Finland, agreed to purchase the entire share capital of the Finnish transport firm Suomen Kiitoautot Oy on 12 January. Up u...
- CEO Cees van Gent leaving Lehnkering
In the wake of the takeover of Lehnkering by Imperial Logistics International on 2 January 2012, Lehnkering's CEO Cees van Gent decided to resign and take up another challenge. Ger...
- Léon Meier, founder of Airnautic, died on 8 January
Léon Meier, founder and president of Basel (Switzerland)l-based Airnautic Ltd, died after a brief illness on 8 January 2012. He was 89. His colleagues and business partners will mi...
- Gebrüder Weiss reshuffles air and sea management
The Austrian transport and logistics service provider Gebrüder Weiss has implemented some internal changes in the top management of its air and sea operations. The former air and ...
|JANUARY 16, 2012|
- Carnival could face millions in punitive damages claims following Concordia grounding
- Carnival comments on financial impact of Costa Concordia grounding
- Eitzen Chemical evaluates its options
- OSHA cites Michigan shipyard for 32 safety and health violations
- Great Lakes Shipyard delivers work boat to Port of Milwaukee
- Shipbuilding adds another tug to order book
- Balpure BWT chosen for oceangoing offshore barges
|JANUARY 16, 2012|
- Lou Johnson sworn in as Longview Port Commissioner
- Associated Global Systems promotes Jared Lehnick
- Boeing employees support California nonprofit groups
- Port of Everett taps Madura as new director of Security
- ATA responds to death of past president, Donald Schneider
|JANUARY 16, 2012|
- Greece 'loses billions' from lost maritime opportunities, says Hellenic Chamber
In new year appeal, president George Gratsos says there are 'two Greek shippings'
- Costa Concordia will be scrapped, predict experts
Ever bigger ships make salvage more difficult
- Investors in insolvent Dr Peters fund set to buy back auctioned tankers
Move to acquire aframaxes DS Performer and DS Power would set a precedent for the KG industry
- More than 15 ships reported detained in Mumbai
Dispute over payment of export duties blamed
- Oil demand to grow by 1m barrels per day in 2012, says Opec
Developing countries drive growth as demand falls in US and Europe
- The human factor
No matter how well the cruiseship safety regulations are framed, you cannot legislate for people's behaviour at a time of crisis - including panic
- A timely warning
Costa Concordia grounding highlights salvors' shortcomings
- Boss blames 'showboating' master for grounding of Costa Concordia
Operator says it did not authorise cruiseship's change of course
- 15-year-old panamax bulkers lose a fifth of their value in a month
Dry-bulk rates sees secondhand prices plummet
- Middle East-Asia VLGC charter rates hit eleven-month low
But ships carrying cargoes to the Atlantic command $5,000 premium
- Chittagong breakers appeal against 5% scrap ship import tax
Bangladesh prices could fall by $25 per ldt, which along with reduced access to finance has caused hesitation in local markets
- Industry fears Costa Concordia insurance loss of $600m-$800m
Record loss will see marine market harden
- A ship is its 'own best lifeboat'
Amended safety regulations targeted cruiseship passenger safety
- European box imports fall 6% in November
Lowest volume since February 2011
- 'Uncharted rock' theory one line of investigation
But operator Costa blames human error instead
- Three modern VLCCs for sale
Prices paid anticipated to be notably below last done levels
- Costa Concordia insured under global programme
Insurers include Allianz Global Corporate & Specialty, Axa, Generali, Chartis, XL Insurance and Royal Sun Alliance
- Teekay Offshore returns to Norwegian bond market
Contemplated issue of five-year bonds aims to raise $82m-$115m
- IMO urges rapid investigation of Costa Concordia casualty
Passengership safety regulations could be amended
- Box carriers' reliability slides again
Arrival on the day expected or the day before falls for third month in a row, says SeaIntel Maritime
- Torm seeks new debt deferral
Industry sources say sale or split is possible as company braces itself for 2011 losses
- DNV defends Vale Beijing design
Ship was loading according to approved procedures, says class society
- Italian law will force owners to remove Costa Concordia
If declared a wreck, the stricken cruiseship will be dismantled at a Mediterranean yard
- Costa Concordia: we need facts, not speculation
The competent authorities must act expeditiously to examine precisely what went wrong in the Costa Concordia casualty
- Long Beach box volumes slip after loss of major customer
California United Terminals' defection to rival port Los Angeles sparks 3.2% fall
- London market to shoulder cost of Costa Concordia casualty
Damage likely to top $150m
- Capital Product seals added periods with BP for two tankers
New deals are 'a modest positive' despite lower rates, says analyst
- PSA reports 29.4m teu record for Singapore
Ports group says 2012 brings uncertainty
- Three missing after collision in Qiongzhou Strait
Chinese general cargoship sinks fishing boat
- Five dead, six missing after South Korean tanker explodes near Incheon
Doola No 3 unloaded gasoline before the blast
|JANUARY 16, 2012|
- Cruise shares lose heavily
SHARES in Carnival Corp & PLC and Royal Caribbean Cruises Ltd lost heavily today in reaction to the Costa Concordia disaster
- Foschi adds disaster details
COSTA Crociere's CEO Pier Luigi Foschi today revealed why Costa Concordia's captain strayed from the standard course and addressed questions on its evacuation
- DNV rules out wide deficiencies for VLOCs
DNV SAID today its tests have shown that VLOC structural problems were probably caused by insufficient "local buckling strength", rather than wider deficiencies
- Another VLCC for Sinokor?
SOUTH Korea's Sinokor Merchant Marine might pick up another bargain VLCC if talks with Gulf Marine Management succeed, brokers said today
- Buss beats KG trend
HAMBURG KG house Buss Capital said today it increased its equity placing volume last year against the odds by 55%, to €155M ($196
- Bulker S&P holds steady
PRICES for secondhand bulkers are softening, but sales remain steady, brokers said today.432334.timg
- TORM expects more time
TORM SAID today it is in talks with its lenders to extend temporary deferral of installments and a covenant standstill
- Recorder holds key to disaster
SEARCH operations are continuing today in Italy as rescuers try to find up to a dozen survivors missing since the weekend cruise ship disaster
- Box rate climb viewed as short lived
NEW YEAR rate recovery is likely to halt for the box sector after the Lunar New Year holidays next week, analysts warned today
- Bankruptcy steps ordered at Russian yard
A RUSSIAN court has ordered bankruptcy procedures to begin against Baltic Shipyard in St Petersburg
- Teekay Offshore Partners plans $117M bond issue
TEEKAY Offshore Partners said today it intends to issue 500-700M kroner ($82.4-115.3M) of new senior unsecured five-year bonds in the Norwegian bond market
- Three sought after blast
A CAPTAIN and two seafarers are missing today after an explosion sunk a Turkish tanker in the Adriatic Sea
- Box ship sinks off Malta
A BOX SHIP sank on Friday the 13th off Malta while under tow
- Samsung signs INPEX deal
SOUTH Korea's second-largest shipbuilder Samsung HI said today it will build an offshore gas processing facility for oil and gas company INPEX
- Bullish MR sales continue
TWO MR tankers have reportedly been acquired by a US investment fund
|JANUARY 16, 2012|
- FDA Clears First Orange Juice Shipments
The Food and Drug Administration cleared the first three shipments of imported orange juice tested for an illegal fungicide, but...
- Etihad Crystal Cargo Boosts Traffic 18 Percent
Etihad Crystal Cargo's freight traffic soared 18 percent in 2011 from a year ago as the fast-growing Abu Dhabi-based carrier...
- Amsterdam Total Volume Grows, Container Traffic Drops
The port of Amsterdam boosted total cargo traffic by 3 percent in 2011 from a year ago but container volume...
- ANA Cargo Traffic Slides, JAL Tonnage Jumps
Japan's All Nippon Airways in November saw international cargo traffic slip 0.3 percent year-over-year, while rival Japan Airlines in the...
- Cathay Pacific Cargo Traffic Plunges 11.9 Percent
Cargo transported by Cathay Pacific and sister carrier Dragonair in December plunged 11.9 percent year-over-year but grew 7.3 percent from...
- Analyst Expects Ocean Rates to Fall After Chinese New Year
Container lines will struggle to maintain recent freight rates gains after the Chinese Lunar New Year because the industry hasn't...
- Indian Exports Jumped 6.7 Percent in December
India's exports in December increased 6.7 percent to $25 billion year-over-year, putting the country on track to grow exports in...
- PSA Traffic Rose 5.6 Percent in 2011
Container throughput at the PSA International in 2011 grew 5.6 percent year-over-year, as the port terminal operator saw traffic expand...
- Retail Group Forecasts 3.4 Percent Sales Growth
Retail sales will slow to 3.4 percent this year but will outpace consensus expectations for overall economic growth, according to...
- Closer Near-Sourcing
When Polaris Industries sought to expand production of its all-terrain vehicles while lowering costs, the Minnesota-based company followed long-established trends...
- A Meat Bull Market
U.S. beef and pork producers had a banner year in 2011, setting annual sales value records for both commodities through...
- Gen, set, match
When Maersk Line decided to end the practice of providing free chassis to its container customers, other carriers were expected...
- Reefer Cargo Shippers Warm Up To Rails
Several decades ago, U.S. railroads decided refrigerated cargo was more trouble than it was worth; investment in new reefer boxcars...
- When Pigs Fly
Only a small percentage of the world's refrigerated shipments are put on airplanes, but just as in other modes, air...
- Calculating Efficiency
The relative stability of the refrigerated transportation market has brought more participants into the sector, bringing not only competition on...
- Bad Dreams
Spring training is tantalizingly close, a good thing for baseball fans. To get ready for the big day, I like...
- NVO's Word Is Not Its Bond
Q: We, as a motor carrier, handled a load of imported goods from a port to the final destination in...
- Redesign for YRC
YRC is going back to the Teamsters as the trucking company tries to match a financial restructuring with an overhaul...
- Turnaround in Turn Time
After complaining about lengthy turn times at marine terminals for more than two years, motor carriers in Los Angeles-Long Beach...
- The Case for a Better Year
We will all look back at 2011 as the most tepid rebound from a recession this country has ever experienced....
- 'Open Pools' for Chassis
The Federal Maritime Commission has cautiously cleared the way for truckers, shippers and others to participate in co-op equipment pools...
- Oakland Fights disruptive Forces
With the politically liberal communities of San Francisco to the west and Berkeley to the east, Oakland has a reputation...
- Walking the P3 Walk
Secretary of Transportation Ray LaHood frequently voices the Obama administration's opposition to raising fuel taxes, and instead indicates a preference...
- Customs' New Top Cop
Anyone who thinks David V. Aguilar will be a mere caretaker at Customs and Border Protection should think again. Granted,...
- Final Hours Rule for Truckers
Starting Feb. 27, 2012: On-duty time will not include time resting in a parked commercial motor...
- Punching the Clock
Many factors may push truck pricing higher this year, but new restrictions on truck driver work hours won't be among...
|JANUARY 16, 2012|
- HPH ups the ante on security
Hong Kong-headquartered Hutchison Port Holdings (HPH) has upped its cargo security with the new deployment of an enhanced web-based service called StellarTrak. ...
- Nigerian 'fuel oil-fed' dispute suspended
The national strike called by the Nigeria Labout Congress and the Trade Union Congress has apparently been suspended. While state president Goodluck Jonathan had ...
- Carriers pull back on freight rate increases
The sharp surge in freight rate levels from Asia to Europe and the US since Christmas already appears to be running out of steam. According to the Shanghai Shipping ...
- Imperial strengthens its African network
Germiston (South Africa)-based Imperial Logistics is expanding its pan-African transport and supply chain management activities by taking over Namibia-based IJ ...
- Transpac rates could 'fall off a cliff' post CNY
The recent climb in transpacific rates looks like it will be short-lived and only down to the seasonal rush to move cargo before the Chinese New Year (CNY) - with ...
- PSA posts growth in 'challenging' year
Newly-ensconced PSA International group ceo, Tan Chong Meng, has spoken of the 'challenges' it faced in 2011 and the 'uncertain' outlook for this year as the Singapore-headquartered ...
- Black Friday for eurozone
Friday, 13th proved to be unlucky for the eurozone with 9 members of the 17-state single currency unit having their credit status downgraded by confidence nemesis, ...
- Carriers schedule reliability slips again
Average reliability of global ocean carriers' direct schedules slipped for the third month running in December, according to SeaIntel. Only 59% of all vessels monitored ...
- Iran issues warning to OPEC's Gulf members
The Iran Government has raised the temperature further in its dispute with western regimes that threaten to impose sanction on its oil exports. Having threatened ...
- Nautilus warns on 'mega-ship' safety issues
|JANUARY 16, 2012|
- Eitzen Chemical seeks advice
ABG Sundial Collier to help troubled owner consider options following heavy losses.
- Pirates miss out again
Montanari aframax saved by armed guards following Indian Ocean attack.
- Costa stands by its man
Owner offers to help Costa Concordia captain in legal fight despite accusations of "significant human error".
- Nimasa fights detention ruling
Nigerian maritime agency sets out case for holding tanker in 2006 following $39m award against it.
- Shin Yang buys another
Kuala Lumpur-listed owner consolidates domestic presence with purchase of a second Borneo-based company.
- VL prices face hammering
Tanker values tipped to take another beating when a once-pirated VLCC is auctioned this week, Clarksons says.
- Bumi seals Brazil bonanza
Hassan Basma-led shipowner confirms $50m AHTS charter with Petrobras.
- CSDC orders aframax
Hong Kong-listed owner heads to sister yard for $53m tanker due next year.
- Samsung fills vessel gap
Korean yard group to build LNG processing plant for Australia as ship deals prove scarce.
- DNV clears VLOC safety cloud
Damage to Vale Beijing did not stem from a problem running through Vale's giant bulker series, class society says.
- Mermaid appoints new head
Thoresen Thai-backed offshore owner names Bruce Gemmell as new chief executive.
- Tanker runs out of gas
Ukrainian ship en route to breakers crawled into UK port after fuel tanks ran dry.
- Odfjell continues clearout
Oslo-listed owner said to have cashed in another 1980s built tanker in $6m disposal.
|JANUARY 16, 2012|
- Fuel oil export tax to fall
Russia to cut export duty by 1% in February.
- Price falling across Europe
Average bunker demand in Gibraltar.
- Prices largely stable in Fujairah
Some suppliers in Suez have no IFO.
- Supplier expands operations
Maxcom Bunker now able to deliver in the Italian port of Civitavecchia.
- TWI pegs differences in bunker values close to $240
Latest calculation from Viswa Lab says the 'best' quality fuels should sell for 35.5% more than the 'worst' quality fuels.
- Rotterdam bunker sales up for the first time in five years
Container ships taking bigger stems, says Port Authority.
- Wrecked cruise ship carrying 2,500 mt of bunker product
Salvage specialists Smit expected to drill into the ship's side to extract the fuel.
- Prices mostly falling in Asian ports
Supplies still tight in Singapore and Hong Kong on Monday.
- IFO supplies remain tight in Hong Kong
Due to further delays in cargo replenishments.
- Bunker player resumes supplies at Libyan ports
Supplies MGO and 120 cSt grade across Libyan ports.
- Marine fuel efficiency simulator made available
Fuel savings based on full-scale trials of 100-metre UK hopper dredger, says Marin.
- Asian bunker offices to close for Chinese New Year
Offices in Singapore will be closed on January 23 and 24.
- Bunkers recovered after tanker explosion
Oil boom has been installed around the stricken ship.