|MARCH 20, 2012|
- Saudi Arabia booking more crude tankers to supply US
Saudi Arabia, the world's biggest oil exporter, is booking the most tankers in years to supply the US, a sign that the kingdom is fulfilling a pledge to compensate for a decline in Iranian sales, according to Dahlman Rose & Co.
- Iran smugglers thriving on banned goods
Dozens of unmarked speedboats pulled into Oman's Khasab port, breaking the dawn silence and marking the start of a wet and treacherous work-day for Iranian smugglers on the Straits of Hormuz.
- China will ensure tankers can haul Iran oil: operator
China, the biggest buyer of Iranian oil, will take steps to prevent European trade sanctions disrupting shipments from the Persian Gulf nation, said tanker operator China Shipping Development Co.
- Bumi Armada, MISC front runners for Hess deal
- Maersk Drilling will build its own rigs, says CEO
- Teekay Tankers sees stronger Q1 as rates rise
|MARCH 20, 2012|
- Emirates Shipping to up rate US$200/TEU to East Africa from April 1
- Evergreen returns to the Adriatic on revamped Asia-Med UAM service
- APM Terminals opens Hong Kong office to target top Asian decision-makers
- Asian shipowners say anti-Iran sanctions hit innocent as well as guilty
- Seaspan adds another 13,100-TEUer to Cosco's containership fleet
- Prepare for reduced container shipping growth rates, Maersk CEO warns
- 'Low-show' US$400,000-a-year dockers raise ire of NY-NJ employers
- ILWU Canada boss says ILA east coast talks to set west coast agenda
- Damco signs deal with agri business Syngenta to assure transparency
- Panalpina launches four LCL services that criss-cross Latin America
- CEVA adds LCL lanes to Australia expanding its intra-Asia LCL offerings
- INTTRA links to Tradeshift for standardised electronic invoicing
- World according to DHL: Range of scenarios forecast for the 2050s
- EU aviation carbon tax threat edges China into widening Airbus boycott
- Emirates SkyCargo sees flat India volumes despite much growth potential
- Guangxi airports February cargo volume increases 60pc to 8,430 tonnes
|MARCH 20, 2012|
- Asia-Europe freight rates rule steady after recent rally
- Delight Logistics bolsters operations with powerful enterprise solution from Softlink
- Essar Shipping's fleet on long-term charter for higher yields
- Hamburg Süd & Aliança reconfigure North Europe-East Coast South America service
- ICTSI to buy controlling stake in Karachi's PICT
- MCC calls at Taiwan as part of revised intra-Asia loop
- Much fewer banks today lending to shipping industry
- OOCL raises rates for Asia to Australia-NZ cargo from April 15
- Port of Houston offers Asian shippers new gateway to US Midwest
- SCI takes delivery of new AHTSV
- Shipping crisis to extend into 2013: Moody's
- Survey shows fiscal relief, cheap funds crucial for shipping firms
- Transpacific Stabilisation Agreement raises rates from April 15
- Escalating shrimp trade may push seafood exports to $ 4-bn mark
- Gems, jewellery exports up 14 pc in April-Jan.
- India, Iran set $ 25 bn trade target by 2016
- Budget facilitates another round of fund-raising thru tax-free bonds for ports
- M. I. Ansari does KPT proud at sports event in Thailand
- Port Finance International India from today
- Rlys may lose out to road on medium distance routes after freight rate hikes
- Budget proposes tax incentives for firms setting up cold stores, warehouses to handle farm produce
- Lot more needs to be done to diversify export basket: Survey
|MARCH 19, 2012|
- Volga-Dnepr delivered equipment for Biathlon World Cup finals
Russia's Volga-Dnepr Airlines transported equipment for participants of the recent Biathlon World Cup 2011/2012 finals from Munich (Germany) to Khanty-Mansiysk (Russia). In additio...
- Air Zimbabwe may be resurrected
Zimbabwe's flag carrier Air Zimbabwe Holdings, which is facing severe financial problems (see ITJ Daily of 27 February 2012), is ending more than 30 years of continuous service. Bu...
- Indian Railways see revenue earnings up by 10.17%
Indian Railways reported that its total approximate earnings amounted to IND 92,985.50 crore (about EUR 14 billion) for the period from 1 April 2011to 29 February 2012. This equate...
- AfDB loan for Abidjan
The African Development Bank has approved a EUR 58 million loan towards the financing of the construction, operation and maintenance of the 1.9 km-long Henri Konan Bédié Toll Bridg...
- Guide book to combat dearth of truck drivers
Top Trucker, a special job market for HGV drivers, has published a free guide book to combat the lack of drivers. Companies can use the publication to discover successful strategie...
- Swissport wins prestigious UK award
Swissport International, a provider of ground services for the aviation sector, has again been named "Best Ground Handling Company" by the UK's Institute for Transport Ma...
- USA: USD 17 million for rail line relocation projects
The US transportation secretary Ray LaHood announced that twelve cities and states will share USD 16.9 million to relocate, replace, and improve segments of railroad track under th...
- Port of Felixstowe to get new rail terminal
The port of Felixstowe (UK) held a ground-breaking ceremony to mark the formal commencement of the new North Rail Terminal project on 14 March 2012 The new rail terminal will be th...
- Skandinavienkai in Lübeck-Travemünde turns 50
The German port company Lübecker Hafen-Gesellschaft mbH (LHG) in Lübeck-Travemünde has reported that its Skandinavienkai will have seen 50 years of service on 28 March. From modest...
- Niedersachsen Ports appoints new head of supervisory board
Niedersachsen Ports GmbH & C, the Lower Saxony port group based in Oldenburg (Germany), elected undersecretary of state, Helmut Heyne, as chairman of its supervisory board on 1...
- New managing director for Nicolas Industrie
Nicolas Industrie, a heavylift transport vehicle manufacturer based in Champs-sur-Yonne (France), has chosen S'bastien Porteu as its new managing director. Prior to this Porteu hel...
- DHL investing USD 47 million in freight hub at Cincinnati/ Northern Kentucky Airport
DHL is investing USD 47 million in the expansion of its airfreight hub at Cincinnati/Northern Kentucky airport in the USA. The move will fulfil growing demand from international tr...
- WFS diversifies business
A consortium led by Worldwide Flight Services (WFS) has been awarded the tenancy agreement for the new HKD 8.156 billion (USD 1.046 billion) cruise terminal at Kai Tak by the Touri...
- Aramex: new alliance with CJ GLS in South Korea
The Middle East-headquartered express and logistics company Aramex has entered the South Korean market through an alliance with locally-based CJ GLS. Aramex, which is based in Jord...
- Ceva Logistics opens new multi-user facility in Southern California
Logistics and SCM specialist Ceva Logistics has acquired a 42,735 sqm facility in Southern California (USA). Masco Corporation, one of the world's largest manufacturers of brand-na...
|MARCH 19, 2012|
- LaHood announces Small Shipyard Grant recipients
- DOF Subsea sells under-construction newbuild to Australia
- Island Offshore orders advanced subsea support vessel
- Tug capsizes after dry dock sinks at shipyard
- USCG releases final rule on ballast water discharge standards
|MARCH 19, 2012|
- Coast Guard/Ecology monitoring sunken dry dock in Everett
- Horizon Lines alerts stockholders of New York Stock Exchange delisting
- California Maritime Academy names new Advancement VP
- Port of Everett slates public meeting to discuss Marina District development
- Hamburg Sud/Alianca changing service configuration
|MARCH 19, 2012|
- Banks turn their backs on shipping loan portfolios
Lending institutions trying to quit the industry find potential buyers are unwilling to offer desired prices
- CMA 2012: Too many shipping rules, too little clarity
Burden of new legislation unsustainable, says Intertanko
- Euromar acquires ninth boxship
Euroseas' growing joint venture with private equity players emerges as buyer of 1999-built MOL Volta
- Euronav targets offshore business after tanker division losses
High oil price boosts demand for quality equipment
- Sanko Steamship and the Zen of bankruptcy
Troubled company's 1980s reorganisation led to early emergency from receivership
- Dry bulk investments aided Sanko's return to solvency
Sanko's return to solvency involved both luck and benign treatment in court
- Rechargeable shipping
Batteries could reduce ship fuel consumption and optimise engine operations
- Port-based ballast treatment to ease bottleneck
Barges could help owners struggling to fit treatment systems on time
- NewLead scraps reverse stock split
Nasdaq agreed change of plan after trading in Greek owner's share took off
- VLCC earnings to top $40,000 per day
Peak expected midweek before oversupply of ships returns to market
- Exclusive: Iran P&I ban could weaken liability conventions
Shipowner group argues credibility of IMO at stake
- SCI demands sovereign cover to trade with Iran
Indian government supportive, says chairman
- IKK sells tonnage in restructuring drive
Japanese owner sells 1999-built panamax tanker for near scrap value
- Iraq to strengthen oil export infrastructure
Aframaxes set to benefit over VLCCs
- CMA 2012: US must toe the line over global emissions regulations
ICS fears over-zealous stance in future
- UN tribunal sets precedent for maritime boundary disputes
Bangladesh hopes for similar ruling against India
- Los Angeles is top US import gateway
Inbound box volumes rise at 18 out of 20 top ports
- India clears lead as top shipbreaker
Backlog of vessels to be recycled at Alang
- Anglo-Eastern Group plans to expand training
Shipmanager aims to meet demand for quality personnel as world fleet expands
- Fate of Sanko VLGC newbuildings shrouded in uncertainty
Cancellations would be good for oversupplied VLGC market
- Ransom ban threatens seafarers' lives, warns Nautilus
Payment must stay legal, union tells Cameron
- Sanko's woes undermine weak secondhand dry bulk sales
Tonnage could flood onto the market as Japanese giant fights to survive
- HCI Capital exposed to Sanko crisis
German KG fund has chartered 14 vessels to Japanese tanker giant
- Chinese shipyard in delisting threat
Dongfang Shipbuilding halts AIM trading after broker quits
- Bareli salvage operations start
Large crack has opened up in 3,100 teu boxship's forebody and the vessel is at risk of breaking up
- Middle East Dredging wins Qatar's $1.2bn New Port contract
Deal includes dredging the basin as well as the land reclamation for a naval base of about 4.5 sq km and construction of two outer breakwaters
- NZ ports strike starts to hit supply chains
Court decision on redundancies expected shortly
- Grand illusion
Grand China Logistics needs to come clean or lose credibility completely
- Pacific Drilling finally decides to buy drillship from SHI
Ofer family-controlled offshore player exercises its much-extended option on a seventh vessel
- CMA 2012: Bleak outlook for shipping
Large number of new ships will remain uneconomic says Paul Slater
|MARCH 19, 2012|
- Bangladesh wins border ruling
BANGLADESH won a complex multi-year maritime border dispute with neighbouring Myanmar last week at The Hamburg-based International Tribunal for the Law of the Sea
- Russian minister vs rail boss over ports
RUSSIA'S minister of transportation Igor Levitin has proposed shifting control over railway links to ports out of the hands of state-owned Russian Railways, run by Vladimir Yakunin
- Pacific Drilling boosts orderbook
PACIFIC Drilling of the US has confirmed that it has exercised an option for a seventh ultra-deepwater drillship at South Korean shipbuilder Samsung HI
- Firmer rates lift Euronav, Frontline shares
A FIRMER tone on the tanker freight market has boosted the share price of Euronav and Frontline, two major crude carrier companies listed in Europe
- Thailand stops 'smuggling' ship
ROYAL Thai Customs has seized an oil tanker allegedly being used to smuggle diesel oil into Thailand, according to a report in the Phuket News newspaper
- STX wins subsea vessel contract
NORWEGIAN offshore vessel specialist STX OSV said today it has clinched a new contract for the construction of one advanced subsea support vessel for Island Offshore
- Conversions dominate tanker purchases
CONVERSIONS dominated tanker buyers' minds last week, as notable deals were sealed for conversions to FPSOs or FSOs
- Cargotec to float in Singapore
CARGOTEC, the Finnish materials handling equipment maker, is considering listing its marine business on the Singapore Stock Exchange, the company said in a statement
- DOF Subsea sells NB to RAN
DOF Subsea, the listed Norwegian offshore vessel operator, has sold a newbuilding due for delivery in May from STX OSV to the Royal Australian Navy
- Market jitters impede bulker sales
CONTINUING uncertainty in the freight market is holding off secondhand vessel sales, as buyers are increasingly inclined towards newer and more fuel-efficient tonnage
- WSS sales grew 14% in 2011
WILHELMSEN Ships Service's sales grew 14% y/y in 2011, despite the weak shipping market, the company's VP for Asia Pacific Bjorn Tonsberg told Fairplay
- Japan's nuclear shutdown hits LNG
GLOBAL LNG markets are facing pressure a year after the devastating earthquake that triggered Japan's nuclear meltdown, said IHS CERA
- TPA puts rates up
THE Transpacific Stabilization Agreement has succeeded in raising box rates
|MARCH 19, 2012|
- Diesel at Highest Price Since August 2008
Diesel prices across the U.S. hit the highest point since August 2008, rising 1.9 cents in the week ending March...
- Long Beach Welcomes Its Biggest-Ever Ship
The Port of Long Beach has welcomed what it billed as the largest container ship ever to call at a...
- North American Railcar Fleet Expands
The number of North American railcars rose 0.1 percent in the last three months of 2011 compared to the previous...
- Another C-Level Exec to Leave YRC Worldwide
YRC Worldwide Chief Accounting Officer Paul F. Liljegren will leave the $4.9 billion company March 23 for a job outside...
- NYSA-ILA Case Goes to Arbitration
A multimillion-dollar damage lawsuit against the International Longshoremen's Association for an illegal work stoppage at the Port of New York...
- Maersk to Hike India-West Africa Rates
Maersk Line will impose a general rate increase on shipments from India to ports in West Africa. The proposed...
- Japanese Ship Orders Sink 23.1 Percent
Japanese export ship orders fell for the third straight month in February on a year-over-year basis, sinking 23.1 percent to...
- Hamburg Sud, Alianca Restructure Europe-S. America Service
Hamburg Sud and its Brazilian affiliate Alianca are restructuring their service between North Europe and the east coast of South...
- Cargo Soars 18.6 Percent at Hong Kong Airport
Cargo throughput at Hong Kong International Airport escalated last month, but managers say the spike was due to the timing...
- Saudi Airlines Cargo Expanding Europe Services
Saudi Airlines Cargo will expand its European freighter operation with the start of two new services. On March 25,...
- UPS to Buy TNT Express for $6.8 Billion
United Parcel Service on Monday agreed to acquire TNT Express, Europe's second-largest package delivery company, in a $6.8 billion all-cash...
- Striking a Balance
When International Longshoremen's Association President Harold Daggett warned some 1,600 Trans-Pacific Maritime Conference attendees this month that labor negotiations could...
- A Railroad Divided
Someone is going to emerge scarred from the bitter proxy fight between Canadian Pacific Railway management and activist investor William...
- Advantage, West Coast
Will there be a wholesale shift of cargo from the West Coast to the East Coast after the Panama Canal's...
- The Race to 50 Feet
On a Friday in late February, the MSC Roma, a post-Panamax vessel capable of hauling 9,200 20-foot equivalent container units,...
- Building Bridges Through the MCC
Founded in 2004, the Millennium Challenge Corp. is funded by the U.S. government, but it's a truly international development assistance...
- Rebranding the Dark Continent!
Until recently, the word "Africa" rarely appeared in any sentence mentioning "economic opportunity." For decades, Africa instead was all but...
- Transactional Transparency
Transactional freight payment data is the mother lode of logistics information, the bedrock on which strategic benchmarking and transportation modeling...
- Exports Fall Off the Pace
It's been two years since President Obama signed an executive order launching the National Export Initiative, the ambitious program to...
- Down to Business for ILA, USMX
James Capo has been working for months to calm shippers' concerns about the impending East and Gulf Coast longshore labor...
- Driving DCs Inland
Growing e-commerce is making prom kings and queens out of markets typically seen as wallflowers compared to port regions. ...
- Damaged Goods
Q: Is there a time limit between the filing of a claim and the carrier wanting to pick up damaged...
|MARCH 19, 2012|
- Maritime outgrows management structure
Maritime Transport (Maritime) has appointed two new managing directors to handle its fast expanding business. Simon Smart (left in photo) has been promoted from ...
- USD150 oil a threat to euro growth
Accountants and analysts, Ernst & Young has warned that the recent Iran-induced spike in oil prices could push European economies further into recession, ...
- Tauranga 'on its limit' as court decides fate of Auckland's sacked workers
The North Island, New Zealand Port of Tauranga [PoT], has told its customers that it has reached 'saturation point' due to the diversion of cargo from the strike-plagued ...
- APM T opts for German efficiency
APM Terminals (Rotterdam) has ordered the fleet of Lift Automated Guided Vehicles (Lift AGVs) required for its Maasvlakte II terminal from Germany-based Gottwald ...
- Batumi further established as Black Sea gateway into central Asia
Batumi International Container Terminal LLC (BICTL) has signed a terminal services agreement with Arkas Line that should further improve its budding container volume. ...
- DP World to launch barge to Vancouver Island on back of expected volume boost
DP World Vancouver is looking to increase container volumes after entering into a three-year agreement with Nanaimo Port Authority at the beginning of the year ...
- Race on to save Fuqing coast after another boxship total loss
A Norwegian-managed, CMA CGM-chartered, containership that hit a reef off the coast of Fuqing, China last week is today in a precarious position resting on the ...
- Ireland's export-led recovery
Figures released by Ireland's Central Statistics Office [CSO] showed a much better-than-expected trade surplus for the Republic's trade with the rest of the world ...
|MARCH 19, 2012|
- Peter G gets diluted
Genco's fundraiser cuts founder and chairman's holding in the New York-listed owner.
- Viana on the block
Portuguese government could start sales process for troubled shipyard within 45 days.
- Petrobras makes MR swoop
Brazilian oil company takes six modern products carriers off the spot market for three years.
- NewLead cans share split
Greek tanker and bulker owner scraps move designed to keep Nasdaq happy as stock price rises.
- Euroseas junks Jonathan P
Aristides Pittas-led owner scraps 1990-built boxship for a loss of $8.8m, but adds multipurpose that is nine years younger.
- Sanko executives stay schtum
Shipowners are warily considering charter hire cutback proposals to stave off threat of Japanese operator's insolvency.
- Fire hits Hanjin tanker
Three people injured as blaze tears through Royal Diamond 7 for two hours at Mumbai.
- Tokyo talks a tonic for Torm
Shares in Danish owner pick up Monday as it waits for answers from Japanese clients.
- Otto moves into Mexico
Singaporean owner secures first $14.9m charter for workboat in the US Gulf.
- STX OSV lands Island order
Singapore-listed yard clocks up another newbuilding contract with Norwegian owner.
- Klaveness facing a total loss?
Dramatic Chinese photographs of grounded containership reveal very extensive damage.
- Drydock collapses at Vigor yard
USCG responding as dock sinking capsizes Crowley tug in Washington state.
- Bridge drama to hurt capes
Collapse closes Vale railway to Ponta da Madeira placing further strain on capesizes in the Atlantic, Arctic says.
- Subsea 7 takes half
Eidesvik Offshore sells 50% stake in subsea vessel to Kristian Siem-led powerhouse.
| - Ocean news||web site|
|MARCH 19, 2012|
- Accellos jumps into cloud
- xMatters, Fusion Risk tackle supply chain
- Evitt heads antipiracy group
- APMT gets a lift from new technology
- MSC containership biggest to call US
- Navis supplies IT to London Gateway
- 'Double chaos' warned in shipping regulation
- Trailer Bridge emerges from bankruptcy
- Coast Guard announces ballast water rule
- ISCEA, Critical Gap! partner in Singapore
|MARCH 19, 2012|
- 'Real concern' about availability of ECA compliant fuel
Shipping cannot be seen as a 'cash cow' for green projects.
- Uncertainty - is there a positive as well as a negative?
What if an energy efficiency intervention outperforms expectations, or what if fuel prices go higher than expected?
- Bunker prices firm in Fujairah
IFO prices show little change in South Africa.
- Rotterdam: Few enquiries as prices firm
North European ports see scant demand.
- Petrotrin 'seriously pursuing' Panama Canal bunkering
Trinidad and Tobago officials visit Panama to explore energy investment opportunities.
- Ocean currents can 'cut bunker costs' by 4%
Sea trial confirms potential of applied oceanography, claims Tidetech.
- Strike hits Piraeus bunker deliveries
Players stop offering as two-day work stoppage begins.
- Fears of bunker spill off Chinese coast
'The potential environmental impact is something we take very seriously,'says ship management company.
- Bunker prices firm as week begins
Demand for bunkers below average in major Asian ports on Monday.
- Viking Lady to have first 'true hybrid system' on board
Introducing energy storage capability will reduce fuel use and could allow vessel to operate on battery power alone in environmentally sensitive areas.
- IFO avails tight at Far East Russian ports
Increased demand, slow discharge from railtanks blamed for the lack of avails.
- Fuel removal operations start from stricken vessel
Gelso M grounded at Santa Panagia due to engine problems and violent storm.
- Bunker trader fights BLT's move to dismiss complaint
Says BLT's move to strike declarations filed to support its complaint a 'clever attempt' to distract court from 'undisputed debts.'
- Castrol Marine warns against 'single solution' lubes
Increasing the base number in cylinder oil a 'better alternative,' says Castrol Marine.
- Titan seeks fresh capital injection
Transportation group Grand China Logistics fails to make payment due for the acquisition of Titan's shipyard.