|MARCH 23, 2012|
- Baltic index up as rates of smaller vessels rise
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry commodities, rose for the 20th straight day on Wednesday, as demand in the Atlantic basin pushed up rates of smaller vessels.
- EU plans to strike pirates on Somali coast
The European Union will likely approve today plans to strike Somali pirate equipment on beaches, widening the scope of its naval operations four years into a mission to protect shipping.
- Maersk unit to develop port in Costa Rica
APM Terminals, the port operating arm of Danish oil and shipping group A P Moller-Maersk yesterday said it had won a concession in Costa Rica to develop a port, carrying an investment of about US$992 million.
|MARCH 23, 2012|
- OOCL cuts Gdansk from Loop 3 over difficulty in securing berth window
- Hapag posts $38 million net loss, but operating profit hits US$133 million
- US imposes lower than expected 2.9- 4.73pc tariffs on China solar panels
- ICS: Global eco rules needed, not ones that change from place to place
- Port of Barcelona container volume increases 4pc to 2 million TEU in 2011
- Chongqing to cut warehouse tax 50pc to meet rising property prices
- Port of Charleston February container throughput increases 9pc
- DP World to launch barge service between Vancouver Island and BC mainland
- Ship manager: Pirate ransom ban would endanger crew and hurt global economy
- Sweden's Greencarrier Services ties up with Turkey's Ekol Logistics
- PD Ports group scoops prestigious ASDA top supplier award
- Changi's cargo traffic rebounds in February from January's dip
- Lufthansa Cargo 2011 operating profit drops 24.4pc to US$329 million
- IATA: Oil prices to cut profits - Asia Pacific carriers perform best
- Korean Air becomes official sponsor of 2014 Incheon Asian Games
|MARCH 23, 2012|
- AMTOI's session on cross border transaction on March 26
- Asia-Europe trade takes new boxship capacity
- Baltics main sea freight index rises to two-month high
- Dredging Corp set to boost capacity
- ISSA encourages ship suppliers to go green
- Leading policymakers to grace BHP 2012 conference
- Not paying ransom would be massively detrimental to the industry: InterManager President
- NYK in World's Most Ethical Companies list
- Commissioning of Petronet's Puthuvypeen LNG terminal likely by Dec.
- KoPT to invite EoIs for captive barge jetties
- Pak dirty cargo terminal to be ready for operations by 2015
- Last-mile connectivity projects bring respite to user industries
- Govt to compile National Business Facilitation Grid
- Merchandise exports could slow down, warns Survey
|MARCH 22, 2012|
- Indian Railways carry 875.6 million t of freight
Indian Railways carried 875.6 million t of revenue earning freight traffic between April 2011 and February 2012. The freight volume carried increased by 42.94 million t, or 5.16%, ...
- BLS Cargo lands major contract
The Swiss rail service provider BLS Cargo has landed a major contract from the Swiss steel industry. BLS is now hauling different steel products by blocktrain from Emmenbrücke (Sw...
- AfDB supports road infrastructure development in Kenya
The African Development Bank (AfDB) and the Kenyan government recently signed loan and grant agreements to support road infrastructure development in Kenya. The financial package i...
- Tercat takes delivery of second batch of quay cranes
On 16 March, the port service provider Tercat took delivery of four super post-panamax quay cranes for its new container terminal at Muelle Prat at the port of Barcelona (Spain). T...
- Hong Kong airport reports double-digit cargo increase in February
Hong Kong international airport (HKIA) recorded growth in all three traffic categories in February 2012. The cargo traffic division reported a double-digit increase of 18.6% over t...
- Hellmann UK and DTC start overland shuttle services
Hellmann Worldwide Logistics UK, partnered by the Nuremberg (Germany)-based Deutschen Transport-Compagnie (DTC), is offering another direct transport service to the federal states ...
- Africa Container Lines launches new Alicante - Ghazaouet link
Africa Container Lines, a shipping company specializing in services between Spain and the Maghreb countries, has launched a new ro-ro service from Alicante (Spain) to Ghazaouet (A...
- Iata's secure freight programme gaining worldwide acceptance
The International Air Transport Association (Iata) has announced that Malaysia's civil aviation authority has signed a memorandum of understanding (MOU) on expanding the secure fre...
- Smiths Detection launches new air cargo scanner
Smiths Detection has unveiled a new, dual-view X-ray inspection system designed to meet the growing global demands of screening large cargo, pallets and freight items on both passe...
- Chairman nominated for Save our Seafarers campaign
Alastair Evitt, president of InterManager and managing director of Meridian Marine Management Ltd, has been appointed chairman of the Save Our Seafarers campaign (SOS). Evitt, who ...
- SBS appoints new USA director for human resources
Supply chain provider SBS Worldwide has appointed Jim Frentheway as human resources director USA. Frentheway has worked in HR for a variety of USA-based companies for 24 years. His...
- Austria's Lagermax group takes over Frikus
The owners of Frikus Friedrich Kraftwagentransport und Speditions GmbH, based in Zettling near Graz (Austria), are divesting themselves of the Austrian forwarding and transport com...
- Hellmann UK: new partnership with Rangel in Portugal
Hellmann Worldwide Logistics UK, part of German logistics group Hellmann Worldwide, recently established a new partnership with Rangel Express and Logistics in Portugal. The allian...
- Hanjin Logistics opens at Schiphol
Hanjin Logistics Europe BV - a subsidiary of South Korea's Hanjin Logistics - has opened a new on-airport base at Amsterdam airport Schiphol. The new facility, which includes both ...
|MARCH 22, 2012|
- BAE Systems Southeast Shipyards seeks to diversify production
- Queen of the Mississippi completes first sea trial ahead of schedule
- FastShip files for Chapter 11 bankruptcy protection
- COSCO Guangdong to build up to 10 PSVs for U.S. shipowner
- Contractor takes to river to beat London traffic
|MARCH 22, 2012|
- Study finds Port of Portland huge factor in creating jobs
- Trade between NAFTA partners skyrockets during past year
- Mitsui celebrates completion of new iron ore carrier
- AAPA honors congressman with top port person award
- Port of Port Angeles schedules Lincoln Park planning open house
|MARCH 22, 2012|
- Transpacific or bust
Ill-timed cascade of tonnage will struggle to achieve economies of scale
- Northern sea route sees rise in traffic
Cargo volume to double this year
- German banks plug covered bonds
A 100-year-old style of German investment vehicle could be poised for a revival
- Norway and Russia to ride fourth wave of LNG exports
Arctic and Sakhalin reserves lead 2030 boom
- Gazprom to build new port for oil exports on northern sea route
Ice no obstacle for the Russians
- Outlook darkens for Black Sea product tankers
Russian exports of cleaner diesel will lead to more shorthaul voyages
- All fuel off Costa Concordia by Friday
But wreck removal will take up to a year
- Capital shuffles suezmax charters in deal with BP
Last crude tanker is taken off spot market
- APM Terminals finalises Costa Rica concession
Ports giant to invest $1bn in Moin Container Terminal
- UK ports welcome review of habitats and wild bird directives
Planning restrictions impose 'ridiculous costs'
- Exclusive: Maran Gas orders two more LNG carriers from Daewoo
Angelicoussis company confirms 11 orders
- Keep LPG carrier ordering in check, warns broker
New trade patterns support liquefied petroleum gas shipping market
- LNG shipping to become 'two-pronged'
Market to be split between two classes of ship, says broker Barry Rogliano Salles
- CMA 2012: Shipping must accept the high price of low-sulphur fuel
Fuel switchover the best solution to emission control regulation, says DNV chief
- Erck Rickmers caught up in political row over Hapag-Lloyd sale
Shipowner is also a member of the majority Social Democratic Party in the Hamburg parliament
- South Korean shipyards to increase revenues 7% this year
Chinese yards will close and other countries' shipyards will struggle to land orders
- SeaFrance five on organised theft charges
Fraud said to total hundreds of thousands of euros
- Klaveness investigates fuel leaks from Bareli
Oslo-based operator seeks to remove bunker fuel soon
- Costamare raises $106m from follow-on offering
Boxship owner will expand fleet and build liquidity
- US Gulf holds supramax market lead
Rates hit $22,000 per day out to Asia
- No change for Jones Act conversions
Restrictions on overseas repairs to over 7.5% of ships' steel weight will not tighten
- Troubled tanker owners put quality and safety at risk
A fine line between cuts and cutting corners, says Thome
- Politically hoarse
Exim banks ultimately support yards to save jobs
- Doing it better
Lloyd's List: Better Shipping will help owners get to grips with the challenges of asset management
- Tangshan Port posts 31% rise in profits
Surge in throughput continues
- Hanjin Shipping plans to launch three box services in two months
South Korea's top container line to work with Grand Alliance and Cosco
- Storms hinder Rena salvage
Response team monitors oil sheen from wreck
- Middle East client converts South Korea VLCC order to LNG carrier
Owner bets on strong demand for gas tonnage
- Brussels warns six EU countries
European Commission alerts six member states over failures on maritime accident investigations and on flag state rules
- Ports of Auckland plans April lockout
Ban on unionised labour follows four-week moratorium on plan to contract out jobs
|MARCH 22, 2012|
- Kiel's €1.2M expansion opens
An extension to the port of Kiel opened today, just over a year after construction started
- FastShip goes bankrupt
FASTSHIP, which spent a decade seeking funding for its high-speed concept, has sought Chapter 11 bankruptcy protection in Delaware
- Seaway opens optimistically
THE ST LAWRENCE Seaway opened its locks to navigation on 22 March, optimistic the 2012 navigation season will see a continuation of 2011's increase in traffic
- German agents slam cost hikes
CARGO growth in Hamburg is likely to be strangled and traffic rerouted via Benelux ports if local port and handling cost increases are not curbed, port and liner agents have warned
- USCG rejects foreign rebuild petition
JONES ACT carriers were rebuffed by the US Coast Guard in their petition seeking clarification on foreign rebuild rules
- Costamare raises $106M
BOXSHIP lessor Costamare today priced its follow-on offering at $14.10 per share, a 9% discount to yesterday's closing price
- Mixed reaction to UK budget
THE UK Budget has inspired mixed emotions from players in the shipping industry
- Vanino port attracts new bidder
THE contest for control of Vanino, the bulk cargo specialist port at the northernmost end of the Sea of Japan, is heating up again, as the Mechel group has filed for government permission to bid
- Hat-trick for Bumi Armada
MALAYSIAN offshore vessel operator Bumi Armada said today it has won a third contract with Brazilian oil company Petrobras
- HPH Trust to trade in Singapore dollar
SINGAPORE-listed Hutchison Port Holdings Trust, currently listed in US$, will move to a dual currency trading platform from 2 April
- MOL, Marubeni and Mitsui to participate in FPSO project
MOL, Mitsui & Co and Marubeni today announced a joint investment in a long-term FPSO project in Brazil's pre-salt oil field
- China's coal imports surge to new high in February
CHINA'S coal imports surged to record monthly levels in February, according to customs data
- Sanko woes boost Supramaxes
BROKERS told IHS Fairplay today that Sanko Steamship's financial woes are helping the Supramax market, as charterers are steering clear of any ships owned and operated by the Japanese company
- China imported more LNG in February
CHINA imported 830,000 tonnes of liquefied natural gas in February, up 26% year-on-year, according to latest customs data
- Stolt Valor CTL after fire
THE 2004-built parcel tanker Stolt Valor has been declared a constructive total loss following a fire that started on board on 15 March when the vessel was in the Persian Gulf
|MARCH 22, 2012|
- BNSF Rates Unfair, Shippers Tell STB
Shippers on Thursday got their shot to tell the Surface Transportation Board that it's unfair for them to pay higher...
- DHL Express Adds Hong Kong-LA Freighter
DHL Express is expanding next-day package service between Asia and the U.S. and Western Canada with a new flight connecting...
- US Manufacturing 'on Track' for Growth, Report Says
U.S. manufacturing recovery continues on track and should outperform overall GDP growth through 2013, according to a quarterly report by...
- Spot Rates Ease in Asia-Europe Trade
Average spot prices in the Asia-Europe trade slid this week for the third consecutive week following the huge March 1...
- Lufthansa to Sell Jade Cargo Stake
Lufthansa Cargo plans to sell its 25 percent stake in Jade Cargo International, the China-based carrier that grounded its freighters...
- APM Terminals Gets Green Light on Moin Project
Costa Rica gave the final go-ahead for APM Terminals' 33-year concession to build and operate a $992 million container terminal...
- Costamare to Sell 7.5 Million Shares, Purchase Ships
Container ship charter owner Costamare said proceeds from the sale of 7.5 million shares in a secondary offering on the...
- FedEx Profit More Than Doubles
FedEx Corp.'s profit more than doubled during its fiscal third quarter, fueled by record holiday package shipping, higher profit for...
- Port of Mumbai to Waive Charges on Collision-Affected Traffic
Bowing to intense pressure from the local trade community, India's Mumbai Port Authority agreed to waive charges levied on vessels...
- Japan Posts Surprise Trade Surplus
Japan posted a surplus of $396.39 million in its trade with the rest of the world in February after incurring...
|MARCH 22, 2012|
- G6 to continue serving Poland via transhipment
The new G6 alliance between the Grand Alliance (OOCL/NYK/Hapag-Lloyd) and New World Alliance (MOL/APL/HMM) will no longer call directly in Gdansk with its Loop ...
- Auckland unions accuse PoA of unlawful lock-out
After being encouraged to return to the bargaining table yesterday by an Employment Court judge, the management of the strike-plagued contracting-out Ports of Auckland ...
- BIFA rues fuel tax hike
The British International Freight Association [BIFA] said it is 'disappointed' that the fuel duty increase planned for August was not scrapped in yesterday's UK ...
- Yang Ming stalls delivery of 4,500TEU series
Contained in a regulatory filing advice, Taiwanese carrier, Yang Ming has postponed the delivery of 5 x 4,500 TEU boxships, stemmed for the second half of ...
- Hapag-Lloyd clarifies 2011 results
Hapag-Lloyd has confirmed more details of its financial performance in 2011. According to the consolidated financial statements approved yesterday by its Supervisory ...
- Port of Long Beach's Lytle unveils strategies for 2012
- Idled boxships: approaching one million slots
The latest numbers published by Paris-based analyst, Alphaliner, suggest that the one million redundant slots watershed is not too far away - with the figure as ...
- Bareli: a 'challenging salvage operation'
|MARCH 22, 2012|
- New chief for Norway owners
Color Line chief executive Trond Kleivdal promises to be a good helmsman as he takes over as president.
- Short score for Ocean Rig
George Economou's drilling venture nets near $70m deal for semi-submersible off West Africa.
- Costamare aims for $106m
Greek boxship owner prices new stock offering at $14.10 as shares sink to $14.07.
- Bareli slipping under water
Work to remove bunkers and boxes from Klaveness containership continues but vessel appears to be in a dire situation.
- Capital cashes in tanker
Evangelos Marinakis-led owner sells one of its smallest ships as it secures period deals for two suezmaxes.
- Vernicos adds another
Greek owner snaps up second second-hand tug in three weeks following Asian raid.
- DHT could buy VLCC brace
Svein Moxnes Harfjeld-led owner will have the firepower to swallow a couple of five-year-old VLs following effective recapitalisation, Jefferies says.
- Over-exposed in the Caribbean
Male couple arrested on Celebrity Summit in Dominica after they were spotted having sex - on gay cruise.
- ICAP sees Atlantic bright spot
Broker finds a crumb of comfort in Italian steel figures following string of furnace shutdowns in response to slowing construction.
- Croatia back to square one
More crisis talks due after government rejects privatisation bids for two shipyards.
- Cosco Corp makes PSV move
Singapore-listed shipbuilder secures offshore breakthrough with four-ship contract from US owner.
- Havila hooks Petrobras pact
Njal Saevik-led offshore owner wins a fourth PSV period deal with Brazilian titan.
- India pleads for cover
IOC and Hindustan Petroleum ask Iran's national oil company to insure tanker shipments as US sanctions bite.
- Berglund takes PB hot seat
Ex-Stena and OSG bigwig fills the vacant CEO's chair at Hong Kong-listed bulker owner.
| - Ocean news||web site|
|MARCH 22, 2012|
- Maersk's no-bookings in Europe linked to market cycle
- Encompass opens NY office
- CMA CGM raising rates ex-Asia, Mideast
- DHL starts second round-the-world service
- CargoNet reports 17% rise in cargo theft
- NYSA to address ILA staffing, hours of pay
- G6 Lines drop Gdansk on Asia-Europe loop
- CargoWise, Compu-Clearing enter Namibia
- FastShip files for Chapter 11 protection
|MARCH 22, 2012|
- Rotterdam players report 'paltry' demand
Prices softening in European markets.
- Prices mainly falling in Middle East and South African ports
Good bunker demand in Fujairah.
- Fuel oil stocks still climbing
Singapore on-shore inventories at highest level for ten months.
- LR introduces 'ECA calculator'
Aims to support the decision making process as shipowners consider different scrubbers versus distillate fuels.
- Berglund to leave Chemoil
Announcement says he is to become Executive Director and CEO of dry bulk operator.
- Asian bunker prices largely flat
Marginal changes in IFO prices in Singapore, Hong Kong.
- Turkish player supplying IFO
Trial period has gone well, says Oiltrade Marine.
- Dan-Bunkering appoints senior trader
'Natural step' to promote Jesper Glistrup.
- Brightoil places 'key focus' on risk management
Plans to pursue opportunities where there is 'an appropriate balance between risk and reward.'
- MISC seeks compensation from bunker supplier
Move follows the reversal of a district court decision in the US that paves way for the company to seek damages from Equatorial.
- Andatee continues to assess CEO's buyout proposal
Special committee retains independent financial advisor to assess the proposal.
- Caltex Australia adds new bunker tanker in Sydney
The 65-metre Anatoma will support the booming shipping market in Sydney.