|JANUARY 20, 2012|
- Charterers stop covering cost of moving ships for loading
Shipowners are paying as much as US$50,000 a day for fuel to get vessels that haul dry-bulk commodities to cargo-loading ports as customers stop covering those costs amid a glut of carriers, shipbrokers said, which could lead to ships being anchored rather than being kept in service.
- Cruise lines use law and contracts to limit liability
The wreck of the Costa Concordia has attracted those habitual companions of disaster: lawyers.
|JANUARY 20, 2012|
- Grand China Shipping scraps Shanghai-Japan SNS shuttle service
- Year end rate hike surge steadies following Chinese New Year re-stocking
- Hutchison told to back off on legal challenges by British shipping minister
- Royal Navy, US Navy choppers fire strafing rounds to capture 13 pirates
- Singapore's total trade grows 5.9pc in December
- Amsterdam's 2011 cargo ups 3pc, but boxes drops 28pc
- Agility sees the future for logistics in BRIC nations
- Hactl handles 2.7 million tonnes in 2011, down 6.2pc year on year
- Cargolux adds third weekly Luxembourg-Indianapolis pharma flight
- Alaska minus-60C temperatures too cold for air delivery of vital fuel oil
- Volga-Dnepr delivers equipment to Vladivostock ahead of APEC Summit
|JANUARY 20, 2012|
- Aegis Group launches marine products division
- Emirates Shipping Line to partner Hapag-Lloyd, RCL in Hyper Galex service
- Inttra selects Cognizant to improve speed-to-market of ocean shipping e-commerce solutions
- UK P&I Club takes BowTie approach to risk management
- Four states line up 10k cr. for port development
- GMB developing Ghogha-Dahej ro-ro ferry service across Gulf of Cambay
- Maruti may set up logistics hubs in W. Bengal
- Ocean Gate Container Terminals CFS celebrates first anniversary
- Govt doubles import duty on gold, silver
- Japan keen to invest in road transport, maritime sectors
|JANUARY 19, 2012|
- Port of Mersin takes delivery of two ZPMC container gantries
The Turkish Black Sea port of Mersin received two container gantries from the Chinese manufacturer ZPMC. The cranes arrived on board a special heavylift vessel. Mersin port is oper...
- Gruppe STEF: Laurent Lacotte named commercial director
The French service provider STEF (formerly known as STEF-TFE) appointed Laurent Lacotte as its commercial director at the beginning of the year. Lacotte, who only joined the compan...
- Korean Air copies Asiana
Starting today (19 January), Korean Air is launching a twice weekly service between Seoul and Da Nang, Vietnam's third largest city. This link is the South Korean carrier's third d...
- AirBridgeCargo adds Chengdu to scheduled network
AirBridgeCargo Airlines (ABC) has commenced scheduled all-cargo services to Chengdu. The thrice weekly service, operated by a B747-400 freighter, adds the capital of Sichuan provin...
- Network Rail announces framework agreements
UK-based Network Rail has announced new framework agreements of up to seven years to deliver railway signalling projects worth approximately GBP 1.5 billion (about EUR 1.8 billion)...
- New Safmarine CEO Grant Daly forms his team
Shipping company Safmarine has appointed three new senior executives for the newly-established commercial team in Copenhagen. British-born Nick Gough, currently Safmarine's strate...
- TX Logistik connecting northern Hessen to Italy
The German service provider TX Logistik has launched a new intermodal rail service connecting Kassel (northern Hessen/Germany) to Verona (Italy). The train runs three times per wee...
- Malaysia reduces speed limits and restricts the use of freight vehicles
In Malaysia, the speed limits for federal and state roads will be temporarily reduced by 10 km per hour (kph) from 19-30 January. In conjunction with the coming Chinese New Year ce...
- Kiel handles more than 6 million t of freight in 2011
More than 6 million t of freight were loaded and discharged at the port of Kiel (Germany) in 2011. This set a new record and equated to an 8.5% increase over 2010. The growth was p...
- IRU hosts ECR online complaints desk
The International Road Transport Union (IRU) is hosting the Euro Control Route (ECR), Disproportionate Fines and Sanctions online complaints desk as a cornerstone of the public-pri...
- Air Baltic improves punctuality
In 2011, the Latvian national airline airBaltic improved its 15-minute punctuality rate to 88.6% for flights linking North Hub Riga with destinations in Europe, the Middle East a...
- Via Mat Artcare and Keller Swiss Group ink cooperation
Via Mat Artcare AG, an art logistics specialist, and Keller Swiss Group AG, a leading specialist for private and business removals, recently signed a contract to establish a strate...
- Agility releases second edition of emerging markets index
Agility and Transport Intelligence launched the second edition of the Agility Emerging Markets Logistics Index, a measure of how change and instability in the last year affected 41...
- SDV invests in Fast Overseas (Lebanon) and in Fast France
After several years of co-operation, SDV International Logistics recently took a minority interest in the Fast Overseas group, present in Lebanon, Syria, Jordan and Italy. With USD...
- Airfreight department of Hellmann Worldwide Logistics with new heads
The German service provider Hellmann Worldwide Logistics reorganised its airfreight product with effect from 1 January. Benno Nelles, who has been a product manager for Germany at...
|JANUARY 19, 2012|
- Rolls-Royce to design and equip seven vessels for Brazilian owner
- W&O inks U.S. distributorship deal with Pres-Vac
- Classification societies approve two designs for LNG fueled containerships
- Ulstein delivers first PSV of new PX121 design
|JANUARY 19, 2012|
- Second Foss hybrid tug heading to Long Beach/LA
- New World Alliance carriers forming new Trans-Atlantic service
- Railway Supply Institute seeking scholarship applications
- Seattle harbor delivers over two million TEUs in 2011
- MOL announces creation of portable liquid-level gauge
|JANUARY 19, 2012|
- Will lines find a path back to normality in 2012?
Carriers must defend market share at any cost
- Electric cars fail to spark
Iran and the Middle East still hold the cards when it comes to oil supply
- Shortsea shipping a pipe dream for US
Modal shift towards the sea has yielded a mixed bag of successes and failures
- Why shipping needs to see a shrink
Reluctance to cut Asia-Europe box capacity sees critics question industry's sanity
- Asia-Europe shippers feel squeeze from airfreight
Overcapacity sees freighter operators struggle
- BP pays premium for product tanker spot market charter
Fixture cost BP around $5,000 more than similar booking by rival Shell
- Matrix Oil locks in product tanker for 60 days at $14,500 per day
Charterer secures vessel on time charter to avoid rising spot rates
- Seadrill to make early move towards Brazilian spin-off
Prospectus filed with Brazilian regulators for an initial public offering of shares in new entity
- Greek aframax is sole tanker to export Syrian oil since start of sanctions
LLI data shows that despite ban on crude shipments, product tankers and LPG carriers are still calling at Banias as they are outside EU restrictions
- Exclusive: NITC vows to launch legal challenge to sanctions
Tanker giant attacks 'baseless and hypothetical allegations'
|JANUARY 19, 2012|
- Union: "Investigate before laying blame"
PASSING the blame for the Costa Concordia tragedy onto the ship's captain could 'obscure important safety lessons', says a UK-based seafarer union
- US safety review after 'Concordia'
VESSEL safety and operating standards onboard US cruise ships will be the focus of a US Congressional hearing in February, the US House of Representatives' Transportation and Infrastructure Committee has said
- Baltic Shipyard runs out of sparks
BALTIC Shipyard, one of the two ailing St. Petersburg shipyards formerly owned by debt defaulter Sergei Pugachev, says that it is running out of electricity
- ADF calls for action on sulphur limit
French shipping companies have called on their government to gather support among other European countries to block the introduction of a 0.1% marine fuel sulphur limit by the International Maritime Organization in northern Europe in 2015
- NAT prices follow-on
NYSE-listed Nordic American Tankers today priced a follow-on equity offering to raise funds for fleet growth
- Maybank predicts Keppel profit rise
SINGAPORE securities firm Maybank Kim Eng predicts full-year net profit of S$1.48Bn ($1.16Bn) for Keppel Corp, a potential 4.3% y/y increase
- Chinese bank wins Universal duping case
SINGAPORE'S High Court has ordered Malaysian palm oil carrier Universal Shipping Group to pay damages of $2.896M for duping China's Bank of Communications (Hangzhou branch)
- Santos posts strong Q4 figures
AUSTRALIAN energy companies Woodside and Santos today reported strong revenue for the fourth quarter, despite falls in production
- Demolition of drybulkers hits high
THE demolition of drybulk carriers reached a 10-year high in 2011, with 566 ships of 25.47Mdwt scrapped, according to figures from Greece's Allied Shipbroking
- Panama Canal workers walk out
LABOURERS of the Consortium Grupo Unidos Por el Canal (GUPC) who work on the construction of the Panama Canal expansion and the third set of locks, have initiated their fourth day of strike
- Costa Cruises confirms compensation
Costa Cruises confirmed today that all guests on the tragic Costa Concordia "will receive a refund for the cruise and all material expenses relating to it."
- Courage Marine offloads Raffles
TAIWANESE drybulk carrier Courage Marine said today that it has sold 1984-built Handysize bulker Raffles for demolition
- PTT set to bring forward LNG growth
THAI oil company PTT is considering bringing forward plans to double capacity at its Map Ta Phut LNG terminal to 10M tonnes/year
- Local pressure forces Aussie rail rethink
BHP Billiton said today it has proposed a single rail corridor to the expanding Abbot Point coal port that can accommodate a number of rail lines, after local landowners raised concerns about plans for a multiple corridors
- CSCL explains on losses
China Shipping Container Lines (CSCL) has announced that the bad world economy, tough competition and a "dramatic increase in the price of oil" has dented a hole in its profits
|JANUARY 19, 2012|
- Army Corps to Fix Mississippi River-Gulf Chokepoint
The Army Corps of Engineers will begin clearing a chokepoint at the mouth of the Mississippi River that has restricted...
- Halliburton to Build Sand Terminal in Colorado
Halliburton plans to build a sand storage facility for the oil and gas industry on a 54-acre site at a...
- LNG Engine Design for Container Ship Gains Approval
International classification society Bureau Veritas approved the basic design of an engine for a container ship powered by liquefied natural...
- China Ban Dampens Port of Virgina Container Growth
Container throughput in the Port of Virginia in 2011 increased by a slim 1.2 percent year-over-year, as a Chinese ban...
- Auto Part Imports Rev Up for 25th Straight Month
Containerized imports of automotive parts rose 16 percent year-over-year in November, the 25th consecutive month of increased volume, PIERS data...
- US Intermodal Traffic Surges 7.4 Percent
Intermodal volume hauled by major U.S. railroads surged 7.4 percent year-over-year in the week ending Jan. 14 and skyrocketed 18.2...
- Port of Oakland Slashes Emissions Up to 50 Percent
Clean truck programs implemented by the Port of Oakland and the California Air Resources Board have cut harmful diesel emissions...
- YRC Worldwide Rehires Russell for General Counsel Spot
YRC Worldwide CEO James Welch is rehiring a former YRC vice president to serve as his top legal officer as...
- EU Trustbusters Investigate Italian Ferry Takeover
European Union antitrust regulators are investigating the planned takeover of Tirrenia, the bankrupt state-owned Italian ferry operator, by a consortium...
- Union Pacific Profit Jumps 18 Percent to $3.3 Billion
Union Pacific raised its net profit nearly 18 percent in 2011 to $3.3 billion on a 15 percent year-over-year increase...
- US Cargo Theft Hits Record, Average Value Drops
The incidence of cargo theft in the U.S. reached a record high last year but the value of the cargo...
- Charleston Container Traffic Rises 2.4 Percent
Container traffic at the Port of Charleston rose 2.4 percent year-over-year, pushing up year-end traffic up 1.2 percent as the...
- Asia-Europe Spot Rates Rise for Fifth Week
Average spot rates on the Asia-Europe trade lane increased this week for the fifth week in a row, as European...
- GATX Sees Gain in Profit, Pricing
Rail equipment provider GATX is showing strong confidence in the U.S. freight market, saying Thursday it expects stronger shipping demand...
- Increased Security Halved Somali Pirate Hijackings in 2011
Pre-emptive strikes by international navies and the presence of private armed guards on board ships nearly halved the number of...
- Maersk Hikes India-Middle East-Europe Rates
Maersk Line will raise rates on westbound trade from India and the Middle East to North Europe and the Mediterranean,...
- New World Alliance Begins Third Trans-Atlantic Service
The New World Alliance, consisting of three Asian ocean container carriers, will begin a service connecting north Europe and the...
|JANUARY 19, 2012|
- SISI says container market to grow modestly in 2012
The Shanghai International Shipping Institute (SISI) believes that shipping markets this year will be affected by what it referred to as an improving economic situation.Its ...
- INTTRA selects partner to boost shipping customers efficiencies
New Jersey-headquartered e-commerce solutions provider INTTRA has announced that it will streamline its application development and quality assurance testing to ...
- TNWA launches new service to capitalise on booming transatlantic
The New World Alliance (TNWA) - APL Co. Pte Ltd (APL), Hyundai Merchant Marine (HMM) and Mitsui OSK Lines (MOL) - has announced the launch of a new transatlantic ...
- Shareholders acquire more of CSAV cheaply
CSAV's shareholders contributed another USD659 million to its bail-out fund via a rights issue launched in December. The price paid for the 3,222,357,834 shares ...
- Bond auctions buck S&P downgrades
Despite a raft of credit rating downgrades of eurozone states by Standard & Poor's [S&P] last Friday, France and Spain - who both lost credit status ...
- Somali pirates challenged
In its latest report the International Chamber of Commerce's [ICC] International Maritime Bureau said that the number of successful hijackings of merchant ships ...
- LNG gains more credibility
The future use of liquefied natural gas to power container vessels has gained more credibility with the approval of a 14,000TEU ship design by Bureau Veritas. The ...
- Davos: Merkel to give opening address
- Maersk Line ships to get mobile phones
Maersk Line plans to enable the crews of 80% of its fleet to communicate ashore by mobile phones whilst at sea over the next two years. Approximately 400 vessels ...
|JANUARY 19, 2012|
- RR in Brazilian replay
Power systems giant secures $36m contract to design and equip offshore support vessels for Brasbunker.
- Seacor supersizes buybacks
Diversified US owner rubber stamps plan to splash cash on up to $150m worth of its own shares.
- Big John blasts NOF board
John Fredriksen's investment arm takes aim at board of Oslo-quoted drilling company where daughter holds directorship.
- Seadrill stretch
John Fredriksen-backed offshore contractor poised to shake another $325m out of Norwegian drillship deal as market tightens.
- NOCC sheds oldie
Oslo-listed owner makes good on promise to devote resources to modern tonnage as it offloads 1988-built PCC.
- Rate drop stings CMB
Dry downturn bites Compagnie Maritime Belge's bottom line but Bocimar is still upbeat about handysize bulker bet.
- GATX gains traction
Great Lakes bulker operator ASC turns in a profit as US-quoted parent warns of mixed results in the year to come.
- Fuel of the future?
Two shipbuilding giants reveal LNG-powered vessel designs on the same day.
- NAT plummets on pricing
Shares of NYSE-listed owner slip 10% as $82m fundraiser paves the way for purchase of up to three suezmaxes, analysts say.
- Tanker openings ahead
Evercore analyst spots investment opportunities in the tanker market but is against any risky bets right now.
- "Worst" tanker does runner
Ports on alert as detained chemical carrier Global Star skips UK with 49 safety faults.
- Antwerp sets new records
Key Belgian port enjoyed big year for containers and liquid cargoes in 2011.
- Genco panamax joins GMI
New York-listed bulker owner finds period work for one of its panamaxes at an index-based rate.
- Size doesn't matter
Cruise industry experts defend safety record of giant vessels in wake of Costa Concordia tragegy.
- Marco gets a new outfit
Singapore-listed shipbuilder to bank SGD 22.5m for kitting out construction vessel.
- Dahlman ups Golar rating
Slumping share price prompts analyst to return a buy tag to John Fredriksen-backed shipowner.
- Precious sells another?
The fate of an ABG-built supramax newbuilding remains a mystery as Khalid Hashim-led owner yanks finance.
|JANUARY 19, 2012|
- Crude drops on surging gasoline inventories
'As long as we don't have a European recession, the market is poised for another run past $104.'
- Milestone for containerships fuelled by LNG
Bureau Veritas gives approval in principle for the basic design of a 14,000 twenty foot equivalent unit (TEU) containership.
- Bunker prices show small movements in Rotterdam, Hamburg
Weak bunker demand in Rotterdam.
- Tanker defies detention order after taking on fuel
UK coastguard agency says failure to carry sufficient fuel was a 'major non-conformity'.
- Maersk Line joins Gothenburg Fuel Switch Program
The fuel switch will lead to improved health and at the same time reduce our customers supply chain footprint, says Christian Juul-Nyholm.
- Middle East prices largely stable
No spot market in Durban.
- Salvage firm to start de-bunkering 'at the weekend'
Expert says Costa Concordia has 17 fuel tanks.
- Red Sea ports able to bunker diverted-traffic
Saudi officials react to tension over Iranian threats to Strait of Hormuz.
- Fuel oil inventories at lowest level for over two years
Singapore stocks down 6% week-on-week.
- Kirby in 'solid position' to gain from market pick-up
Earnings will continue to rise on stronger US chemical and refined product exports, says Dahlman Rose.
- Asian bunker prices lack direction
Demand mixed across key Asian bunkering hubs on Thursday.
- Norwegian bunker trader to relocate office
Bergen Bunkers to relocate to new office in Norway.
- MOL develops world's 'first' portable gauge for bunkering
New system uses pressure sensor to detect fuel level 'quickly and accurately,' says MOL.
- Engine manufacturer wins contract to design, equip bunker tankers
Rolls-Royce to equip bunker tankers and oil spill recovery vessels with its 'advanced' technology.
- BIMCO updates EEDI calculator
Update follows clarification on calculating the 'Required EEDI' for container ships.
- South China fuel oil stocks slightly up
Inventories increase by 10,000 mt to approximately 1.53 million mt in the week ended January 18.
- Tight avails ease in Hong Kong
Traders report arrival of replenishment cargoes from ExxonMobil and Sinopec.
- Flowmeters installed on Georgian bunker barge
Bunker supplier hopes to provide 'optimal and economic solutions' for bunkering in Georgian ports.
- CSCL issues profit warning
Expects to post losses for the year 2011 partly due to a 'dramatic increase' in oil price.
- Brightoil gets shareholders approval
Approval paves the way for the company to acquire an investment holding firm for $75 million.