|MARCH 26, 2012|
- Big ships just as safe, says insurer
BIGGER ships can be as safe as smaller ones - never mind the latest worries arising from mega-cruise ship Costa Concordia's collision on a coral reef that claimed 30 lives.
- Baltic main index up 6 points
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry commodities, rose further last week as three-year low rates in the capesize market were countered by higher rates for smaller vessels.
- Trial of former execs of Vinashin starts tomorrow
Former top executives at a scandal-hit Vietnamese shipping giant are due in court tomorrow, but experts say the trial will offer little reassurance to investors over the country's broader economic woes.
|MARCH 26, 2012|
- Maersk to hike Far East rates to South, Central America from April 15
- USWC rates up 1.5pc to US$2,021/FEU; east coast up 2.7pc to $3,204/FEU
- 'K' Line adds Ningbo and Shenzhen-Da Chan Bay to intra Asia loops
- Half of 2010-2011 new box ship deliveries working Asia-Europe trades
- Port of Hamburg 2011 throughput increases 14.2pc to 9 million TEU
- Houston attracts Cosco's Asia all-water service as only US port of call
- APS provides Gate OCR for Hutchison Port Holdings terminals in Mexico
- Rickmers-Linie moves inland, closer to China's factories, building sites
- CEVA signs 5-year deal with major tyre importer and distributor in Dubai
- CEVA signs 3-year deal with Italy's Hankook Tire to manage distribution
- 'Combating Piracy Week' offers toolkit to cope with maritime hijackers
- Cool Logistics Africa conference in Cape Town from April 24-26
- Lufthansa Cargo opens summer schedule with 4 weekly Chongqing flights
- All Nippon, Cathay, Singapore Airlines raise fuel surcharges in April
- Hanjin Group's Uzbekistan logistics air hub scheme reaches milestone
|MARCH 26, 2012|
- CAI's workshop for consolidators a huge success
- Hanjin India expands agency network
- Shipping cos sore over Customs levy on 'on deck cargo'
- Simatech Shipping celebrates 10th anniversary of service launch at Nhava Sheva
- UK P&I Club restructures to increase efficiency under Solvency 2
- Coffee exports likely to dip 15 pc in FY12
- JNPT given in-principle approval to raise tax-free bonds
- Hike in haulage charges may hinder box train operators
- Debt redemption pressures push down
- Forex reserves jump $ 862 m to $ 294.82 bn
- GST will be a no-show in UPA's current term, feel state CMs
- Low output may inflate edible oil import bill
- Power sector sceptical of duty-free bonanza for LNG imports
- Price advantage spurs ginger past export target
- Antwerp to host project cargo training programme
- Kübler Spedition moves passenger ferry overland
- SAL vessel transports wharf modules for Australian iron ore berth
|MARCH 23, 2012|
- Spain's Correos names new president
Spain's mail service provider Correos has replaced Angel Agudo San Emeterio who accepted a position as a professor at the University of Cantabria just seven months after his appoin...
- KLM postpones resumption of Tripoli service...
According to the GDS inventory display on 6 March 2012, the Dutch carrier KLM is postponing the resumption of its Amsterdam - Tripoli service. The service is scheduled to...
- SBB Cargo: first hybrid locomotive goes into service
SBB Cargo, a Swiss railfreight service provider, recently held a naming ceremony for the first of the 30 hybrid locomotives that it has on order. The engine, which was then put int...
- Rail4Chem renamed Rail4Captrain
The German company Rail4Chem Eisenbahnverkehrsgesellschaft mbH (R4C), part of Captrain Deutschland GmbH, will operate under the name Rail4Captrain GmbH (R4C) in future. The new nam...
- GNV planning a Sète-Tangiers sling
Genoa (Italy)-based Grandi Navi Veloci (GNV) wants to start a service between Sète (France) and Tangiers (Morocco). The company's general manager, Ariodante Valeri, confirmed that ...
- Emons' environmental calculations 2WIN certified by CE Delft
Emons Cargo, a full truckload (FTL) carrier fully specialized in international double deck transportation from Milsbeek (Netherlands), has had the calculations that it makes to rep...
- Signing of Franco-Swiss agreement at Basel-Mulhouse airport
An agreement about the labour law practice for companies operating in the Swiss sector and the common sector of Basel-Mulhouse airport was signed yesterday (22 March)...
- BlueEfficiency power: Mercedes-Benz presents new engine generation for commercial vehicles
The German vehicle manufacturer Mercedes-Benz has unveiled a totally new generation of medium-duty OM 93x engines in Stuttgart-Unter'türk'heim. Together with the equally new heavy-...
- Lufthansa Cargo reports strong result despite headwinds in 2011
The German freight carrier Lufthansa Cargo returned an operating profit of EUR 249 million in 2011, the second-best result in company history. Chairman and CEO Karl Ulrich Garnadt ...
- DB Schenker Logistics: new premises in Augsburg
DB Schenker Logistics is expanding its network in Germany by the addition of a new facility in the Prologis Park Augsburg. The new location in the logistics real estate park offers...
- Mangalore Port Trust adding capacity
India's New Mangalore Port Trust (NMPT) added 11 million t to its total capacity in the last five years, according to NMPT's chairman, P. Tamilvanan. The petroleum, oil and lu...
- Freja Norway has new sales and marketing director
Freja Transport & Logistics AS has appointed Ellen Koffeld as the sales and marketing director of its Norwegian management team. She will report to Ulrik Rasmussen, managing di...
- New managing director for SDV Geis in Frankfurt
SDV Geis GmbH, based in Frankfurt (Germany) has chosen Michael Schork to be its managing director, with effect from 1 April. SDV Geis, a joint venture owned by the French SDV corpo...
- Husqvarna banking on Fiege Ukraine
Germany's Fiege Group has signed a new logistics contract with Husqvarna Group in Ukraine. Husqvarna Group is the global leader in outdoor power products for forestry, park mainten...
- Ceva signs three year partnership with Hankook
Ceva has signed a three year agreement with Hankook Tire Italy, a global tyre manufacturer. Ceva will manage the storage, distribution and reverse logistics for the customer's tyre...
|MARCH 23, 2012|
- Travelift boosts capacity at Great Lakes Shipyard
- Intracoastal Iron Works busy building towboats
- Navy League calls for support for Merchant Marine and Jones Act
- Kvichak offers patrol vessel based on Royal Marines Offshore Raiding Craft
- Wärtsilä X35 engine passes Factory Acceptance Tests
|MARCH 23, 2012|
- Port of Tacoma reports jump in February intermodal numbers
- AAPA selects Duarte-Peláez as new chairman of the Board
- K Line expanding service calling ports throughout Asia
- Port of Seattle honors top port police officer for 2012
- Rail carload numbers fall during month of February
|MARCH 23, 2012|
- Sticking up for EEDI
Shipowners must back not attack the index, says BIMCO
- Box lines' China trade could be swamped by a Mexican wave
Chinese labour costs are rising rapidly. Now fresh analysis suggests that manufacturers are relocating to Mexico
- Brussels calls for new rules on shipbreaking
European Union ships to be recycled only at approved centres
- Maersk halts Europe-China bookings until May
Critics question whether move seeks to firm up rates
- The pros and cons of shipbreaking
Wista UK debates the Hong Kong Convention on Ship Recycling
- Norwegians' bargain bonds are booming
Appetite for risk revives with a flourish
- Mersey paradise
Port of Liverpool hits back at doubters as it prepares to build second terminal
- Falling Brazil iron ore exports to China kill capesize market
Monthly volumes down from 33m tonnes a month last year to 9m tonnes in January
- Louis Dreyfus and DFDS charter a second ferry for Dover-Calais
Brittany Ferries' ro-pax Barfleur to work alongside Norman Spirit to fill gap left by SeaFrance collapse
- Chemical waste found in Dutch bunker fuel
Criminal gangs dump toxic liquids, say police
- To have and have not
Norwegian bond market throws a lifeline to the chosen few
- Strike in Argentina threatens supramax trade
Wheat and soyabean no longer getting to port
- Obama approves pipeline from Oklahoma to US Gulf
US product tanker exports will rise but seaborne crude imports will fall
- Allied Maritime in fresh charterhire lawsuit
Dynasty Shipholding lawsuit raises confirmed claims to more than $20m
- Shipping divided over EU moves to fight piracy on Somali soil
Players demand more clarity before giving move their blessing
- HSH Nordbank reduces exposure to box shipping
Condition imposed after government bail-out
- APM Terminals improves safety
Award winner's sustainability report outlines a detailed plan to manage risks better in four key areas of port operations
- UAE set to build LNG import terminal
Growing demand for airconditioning in summer boosts liquefied natural gas requirements
- Gulf of Guinea pirate attack mimics Somali tactics
Chemtanker Zouzou hijacked as regional navies struggle to cope
- Grimaldi launches summer ferry service
Ro-pax service to Brindisi, Igoumenitsa, Patras and Corfu
- NYK-Hinode Line to supply Ichthys
Two specialist vessels to deliver modules to Darwin LNG project
- Sacked Nautilus official plans leadership bid
Former assistant general secretary Paul Moloney seeking reinstatement
- Japanese firms invest in Modec FPSO
Vessel to sail to Brazil in third quarter of 2014
- Cruise bodies demand tighter casualty reporting regulations
Flag states must report casualties that lead to death, ship loss or marine damage
- Eimskip on course for exchange listing
Carrier posts 12% rise in profit
- Searching for the capesize floor
Some see a slight uptick in rates as iron ore import demand undergoes a mild revival in China
- Strengthening the ISM Code
Good in design must translate into good in practice
- D-day looms for Sanko Steamship
To survive, the Japanese shipowner needs its creditors to co-operate and show patience
|MARCH 23, 2012|
- China crew support declines
WELFARE services for seafarers in China are waning, according to Dr. Minghua Zhao of the Greenwich Maritime Institute
- Politics hinders MLC ratifications
POLITICAL processes outside the shipping industry's control are delaying Maritime Labour Convention 2006 ratifications, according to industry experts
- EC seeks tighter rules on shipbreaking
THE EC today unveiled plans to tighten the EU's rules on shipbreaking
- Tanker attacked off Nigeria
A PRODUCTS tanker has been attacked in the Gulf of Guinea, the AKE maritime security said today
- Pirate-victim programme adds three nations
THE UK piracy victim response programme has been extended to India, the Philippines and Ukraine
- Calais/Dover ro-pax added
DENMARK'S DFDS and Louis Dreyfus Armateurs of France today said they have chartered a Brittany Ferries ship to add a second vessel for their new Calais/Dover service
- Brindisi to be tied to Greek ports
GRIMALDI Lines said today it plans a new triangular passenger and ro-ro service linking southern Italy and Greece
- Climbing BDI stumbles
OWNERS of drybulk carriers are facing Capesize rate falls that have worn out the recent climb of the Baltic Dry Index
- Croatia OKs acquisition of Brodosplit yard
CROATIA has approved the bid by DIV to acquire a 99.78% stake in the country's largest shipyard, Brodosplit
- Brazil bonanza seen for Singapore's yards
SECURITIES group UOB Kay Hian said today it expects Petrobras to award more contracts to Singapore rig builders Sembcorp Marine and Keppel Corp
- Odfjell plans 5-year bonds
ODFJELL said today it plans to issue unsecured five-year bonds on the Norwegian market
- Bergen to control Origo
BERGEN, the listed Norwegian shipbuilding group, has acquired a 60% stake in Origo Process, a privately owned engineering company that serves the oil and gas industry
- HSH ramps up ship write-downs
GERMAN state bank HSH Nordbank said today it doubled its loan-loss provisions to about €650M ($861.2M) last year
- Bolloré profits despite Cote d'Ivoire crisis
FRANCE'S Bolloré raised its transport and logistics profits last year despite being severely disrupted during the first four months by Cote d'Ivoire's political crisis
- APM awarded box terminal
COSTA Rica has awarded a concession to build a box facility to APM Terminals, which calls for an investment of about $992M by the port operating arm of Denmark's AP Møller-Maersk
|MARCH 23, 2012|
- ODFL Opens Oakland Drayage Center
Trucking company Old Dominion Freight Line opened a drayage facility in Oakland, Calif., expanding its container-hauling business to meet higher...
- Chinese New Year Hits Tacoma Volumes
Container volumes at the Port of Tacoma declined 2.2 percent in February compared to the same month last year. ...
- Reinventing YRC: Q&A With CEO James Welch
Journal of Commerce Senior Editor William B. Cassidy interviewed YRC Worldwide CEO James P. Welch and other executives Feb. 21,...
- FedEx to Pay $3 Million to Settle Bias Claims
FedEx will pay $3 million to more than 21,000 rejected job applicants to settle allegations of hiring discrimination, the Labor...
- Rail Intermodal Shipments Up 2 Percent for Week
U.S. intermodal rail shipments in the week ending March 17 rose 2 percent year-over-year, and traffic was flat on a...
- AFL's Mack Gives Progress Report on Halifax-Boston-Portland Service (Video)
Rudy Mack, chief operating officer of American Feeder Lines, provides an update on AFL's coastwise container service. Mack was interviewed...
- Maersk Sets New Round of Far East Rate Hikes
Maersk Line is implementing a new round of general rate increases in its Far East Asia services, starting April 15....
- FEC Industries to Add Passenger Rail in Florida
Florida East Coast Industries will launch a private passenger rail service linking South Florida and Orlando in 2014, the real...
- Sunteck Transport Parent Boosts Sales, Profit
More transportation services and a bigger agent network helped logistics operator AutoInfo increase gross revenue 14.4 percent to $320 million...
- Seaway Season Opens With New Trade Patterns
Coal from the Powder River Basin in Montana and Wyoming, and iron ore from the U.S. Midwest and Canada began...
- Maersk Suspends All North Europe-Asia Bookings
Maersk Line has suspended bookings on its North Europe-to-Asia services effective immediately as it battles to clear up a backlog...
- Australia to Consider Bill Removing Shipping Tax
Australia's government will introduce legislation in the lower house of Parliament Friday to remove a tax on domestic shipping companies...
- G6 Alliance to Skip Gdansk Calls on Loop 3
The G6 Alliance's Loop 3 Asia-Europe service will not include a call at the port of Gdansk, Poland, OOCL said...
- Fraying at the Beams
When it came time to impose the Transpacific Stabilization Agreement's recommended March 15 rate increase, the 15 member carriers took...
- Split Decision - for Now
In the battle for dominance in the U.S. container shipping trades, Mediterranean Shipping Co. didn't deliver a knockout, winner-take-all punch,...
- Ocean Carriers' Big Splash
What's going on with the world's container carriers? Maersk Line and other large carriers say they're no longer seeking additional...
- March Madness
Just as college sports fans can debate endlessly about the superiority of their programs during the NCAA basketball tournament, the...
- Nippon Express U.S. Unit Invests in Colombian Firm
Nippon Express Co., Japan's largest international freight forwarder, said that its U.S. subsidiary has formed a capital alliance with Colombia's...
|MARCH 23, 2012|
- Fears over China slowdown hits stocks
London's FTSE 100 tumbled again yesterday and looks like posting its biggest weekly fall so far this year on signs of slower growth in China - specifically that ...
- NAFTA trade surges in 2011
According to data published by the US Department of Transportation's, Bureau of Transportation Statistics [BTS], trade with its NAFTA partners - Canada and Mexico ...
- BabyCare sitting for Menlo
The Chinese operation of Menlo Worldwide Logistics has secured the north China distribution and warehouse management for BabyCare Inc. - a direct selling company ...
- 'Get prepared for 22,000 TEU behemoths': APM T exec
That was the message APM T's Crane & Engineering Services [CES} managing director, Halfdan Ross wanted to get across at the recent TOC Container Supply ...
- Maersk stops bookings from Northern Europe to Asia
Maersk Line has temporarily ceased taking eastbound cargo booking from Northern Europe to Asia due to insufficient vessel capacity. The shortage stems from 'a large ...
- Valencia stresses importance of local cargo
Sustainable hub ports need local cargo as well as transhipment business according to Valencia's Port Authority chairman Rafael Aznar-Garrigues (in photo). Speaking ...
- Locked-out Auckland dockers await court ruling
Dockworkers at the Ports of Auckland [PoA] that have been barred from the port by the management expect a ruling from the Employment Court early next week on the ...
- Bareli: 'no immediate danger of sinking'
|MARCH 23, 2012|
- Delphis in dry departure
Marc Saverys in the driver's seat as Bocimar parent teams with BoxLog to buy Belgian owner' bulker stable.
- Eidesvik power play pays
PSV relieved of duty as Oslo-quoted offshore owner prepares to put LNG-powered newbuilding to work.
- Workers to buy Uljanik
Staff and managers being offered chance to grab profitable Croatian yard at bargain price in privatisation.
- Brussels turns up the heat
Extension of Operation Atlanta action area clears the way for forces to target pirates' beach "logistics stores".
- HSH still open for business
An EUR 2bn cut in its shipping portfolio this year will not come at the expense of fresh lending, bank says.
- Yard worker critical after fall
Seaway Marine man flown to hospital after 30-foot plunge inside cement carrier in Canada.
- SCF comes out ahead
Russian owner bucks grim tanker trend by increasing earnings for 2011 as revenue rises.
- Cosco wins wind ship order
Denmark's A2Sea signs for new jack-up turbine-installing vessel in China.
- Maran Gas to firm up options
Angelicoussis bumps up tally to match Golar on LNG carrier newbuildings.
- NYK bags Ichthys deal
Japanese shipowner charters two vessels to joint venture providing LNG equipment for Australian project.
- Hoegh's record deal safe
Oslo-listed owner silences chatter a 20-year FRSU contract was in danger of collapse.
- HHI to be better by half
As the Korean yard celebrates its fortieth birthday, CEO Lee Jae-sung says revenue could rise 52% by 2015.
- SCI lops 25% off budget
Indian owner's chief Sabyasachi Hajara says spending has to be cut as margins come under pressure.
- Odfjell joins bond party
Norwegian tanker owner raises NOK 600m from the latest raid on hot Oslo debt market.
| - Ocean news||web site|
|MARCH 23, 2012|
- AgTC draws Korea ag origin certificate
- Good360 opens Omaha DC
- Higher yields, volumes boost FedEx
- Choice names Andrews VP operations
- Cipres named Smiths Detection's global head
- Official U.S. ballast rule to be released Monday
- MSC's no-show fees on North Europe-Asia trade
- UTi says first half volumes to remain soft
- Costa Rica gives APM Terminals green light
- 'Renewed sense of importance' in NC ports
|MARCH 23, 2012|
- Bunker prices uncertain as week ends
Demand was steady on the US Gulf, according to local players.
- Lunding charters LNG powered vessel Viking Prince
It is delightful to see another operator on the shelf start using LNG powered supply vessels.
- Vitol said to have bought 50% stake in Cockett
No confirmation from companies involved, but observers suggest it could give Cockett access to more credit and scope to expand.
- Company with high-speed vessel patent goes bankrupt
Was planning trans-Atlantic container vessel service to 'exploit the void between high cost airfreight and low cost, but slow speed ocean services'.
- Prices firm in North Europe
Bunker prices in Mediterranean ports, meanwhile, falling for the third consecutive day.
- Stock market analyst takes note of ECA impact
Nomura Securities analyst remains positive on cruise sector stocks despite expected additional fuel costs later this year.
- Small price movements in Middle East hub
Good bunker demand reported in Fujairah.
- Guides to help owners find way through 'jungle of fuel saving measures'
'Fuel Saving Guideline' for various ship types examine technologies for new and existing ships and look at compatibility with IMO regulations.
- Fuel efficiency 'will be key in new designs'
'Shipowners are discovering, somewhat later than their peers, the merits of low-consumption and [high] performance.'
- Order book promises a 'quadrupling' of LNG-fuelled vessels
'Early entrants into LNG bunker supply will be able to secure strong positions,'says consultants.
- Ex-Russian energy minister 'to bid' for Petroplus refineries
Investment fund shows interest in three European plants.
- New BP/Sinopec deal will 'open door' to Chinese market
Both companies 'want to grow their global bunker business.'
- Asian bunker prices softening on Friday
Supplies 'slightly tight' in Tokyo and Busan.
- Investment bank revises NOL's loss forecast
Maintains NOL's ratings on the back of a hike in Transpacific rates even as bunker prices continue to increase.
- High bunker costs puts 'strain' on Hapag-Lloyd
Difficult operating environment has made it 'imperative' to announce sharp increase in freight rates, it says.
- Genmar given extension to file reorganisation plan
'Short extension' will allow the process of plan confirmation to continue in an 'orderly fashion', it says.
- Salvors near completion of fuel extraction from Costa Concordia
'Only a few tonnes of fuel remain' on board the stricken cruise ship, says local authorities.