|JANUARY 27, 2012|
- ICT said to be ready to receive Voyager in May
ROYAL Caribbean Cruises chairman and CEO Richard Fain has taken a look around the new but yet-to-be-launched International Cruise Terminal (ICT), and he likes what he saw.
- Container lines running out of options to lower costs
Container ships can't go any slower. Shipping lines are running out of options to stop losses as sailing speeds reach their lower limit, exhausting a solution that helped restore profitability in 2010.
|JANUARY 27, 2012|
- OOCL revenue falls 1.5pc to $5.53 billion in 2011, declines 11.2pc in Q4
- Carriers remove 10pc of eastbound transpacific capacity in Q4
- DP World and ABP sell London's Tilbury CT to Forth Ports for US$149 million
- LNG-powered 9,000-TEUer wins DNV classification society approval
- Internal rift appears in China's attitude on validity of global warming threat
- Hebei ports volume in 2011 up 17pc to record-breaking 700 million tonnes
- Guangdong's expressways to reach 5,500 kilometres in next four years
- Solar powered ferry comes to carry Hong Kong Jockey Club golfers
- PSA, local partner, refuse to pay surprise tax for at Mumbai's JNPT
- Thailand's RCL to commence container service to Eilat via Colombo in April
- Ireland's Cork Harbour export growth reaches pre-recession levels
- DB Schenker Logistics to warehouse Coca-Cola in Poland
- Shipping Hong Kong week conference convenes February 28 to March 1
- Hong Kong Airport cargo volume down 4.6 in 2011 to 3.9 million tonnes
- Changi cargo up 2.8pc to 1.87 million tonnes, back to 2008 highs
- HNA Group invests another US$20 million in JV air carrier MyCargo
- Fuzhou airport to spend US$3.17 million to become cross-strait air hub
- Swissport International revenues up 7pc to US$1.8 billion in 2011
|JANUARY 27, 2012|
- Ashok Janakiram elected Chairman of FEDSAI
- Asian shipping expected to ride out stormy downturn
- Bureau Veritas approves LNG-powered ultra-large containership
- Dry bulk demolitions reach 10-yr high in 2011
- Essar to ship coal from own Indonesian mine
- APSEZ's West Basin terminal handles record 67,153 tonnes of coal in less than 24 hours
- Govt slightly alters Major Port corporatisation plan
- P. D. Rathi highlights pay, pension anomalies during interaction with Shipping Minister
- Centre presses states to implement Carriage by Road Act
- New National Permit System for goods carriage implemented
- Duty hike likely on power gear imports
- A 12-step guide to managing your money in 2012 - II
- Letter of Credit explained through appropriate case study
|JANUARY 26, 2012|
- Three more airlines award contracts to WFS in the Virgin Islands
Worldwide Flight Services (WFS) has been awarded ground handling contracts with JetAirFly Airlines, Air Canada and JetBlue Airlines in the US Virgin Islands. As one of the world's ...
- ACG opts for Traxon EDI
Traxon Europe, the international provider of value-added services to the airfreight industry in the area of e-communication and automation, has attracted a new customer in Germany....
- Thailand and China agree to Bangkok-Chiang Mai rail link
Thailand and China have signed a memorandum of understanding covering the development of a high-speed train system linking Bangkok to Chiang Mai in the north of Thailand. Construct...
- CN completes merger of DMIR, DWP into Wisconsin Central
Canadian National Railway Company (CN) is completing the merger of three of its US operating subsidiaries. The merger of Duluth, Missabe and Iron Range Railway Company (DMIR), Dulu...
- Suez Environment Group adopts Renault Trucks urban vehicles
The Suez Environment Group (SEG), a global operator dedicated to activities associated with water and waste, has been won over by the variety of vehicles available in Renault Truck...
- France transport association concerned about 2012 prospects
The French road transport association FNTR said that «2012 will be a year of no growth and numerous worrying problems.» At the trade body's traditional New Year's meeting, its pres...
- FAA announces safety ratings for Curaçao and Sint Maarten
The US Department of Transportation's Federal Aviation Administration (FAA) announced that Curaçao and Sint Maarten do not comply with international safety standards set by the In...
- Ceva: new managing director in Iberia
Ceva Logistics appointed Marco Galbusera as managing director for its operations in Iberia, effective 1 January 2012. He assumed the role from Giuseppe Chiellino. Galbusero, who wa...
- Transnet Port Terminals Durban buys Liebherr port mobile cranes
Transnet Port Terminals (TPT), a South African port terminal operator, has signed a contract with Liebherr of Neuzing (Austria) for the supply of six Liebherr LHM 550 mobile harbou...
- New joint marketing of Paris, Le Havre and Rouen ports
The French ports of Paris, Le Havre and Rouen will be jointly marketed in the domestic and international markets under their new brand name Haropa. The ports recently launched the ...
- Meyer & Meyer purchases Haase Transport
Meyer & Meyer, a logistics company headquartered in Osnabrück (Germany), took over Haase Transport GmbH with retroactive effect from 1 January 2012. Haase Transport, a medium-s...
- Swiss Post International opens branch in Norway
Swiss Post International has expanded its presence in Scandinavia by opening a branch in Norway at the beginning of the year. This provides Swiss online dealers with the possibilit...
- Wallenius Wilhelmsen Logistics opens office in Moscow
To support its growing business in Russia, Wallenius Wilhelmsen Logistics has opened a new office in Moscow in addition to its current presence in St Petersburg. Moscow is the cent...
|JANUARY 26, 2012|
- AAPA names Rep. John Mica "Port Person of the Year"
- Bollinger Shipyards President and CEO honored by Signal Mutual
- Strikes at Fincantieri delay delivery of Oceania Cruises m/s Riviera
- Resolve hires veteran marine fire fighting expert
- Manager and owner of M/V Aquarosa cop pleas in magic pipe case
|JANUARY 26, 2012|
- Agricultural exports fuel rise in Port of Tacoma totals for 2011
- Port of Newport powering down marina dock for improvement project
- Music Initiative to entertain Sea-Tac Airport passengers
- Port of Port Angeles releases fourth quarter Work Plan update
- SSA Mexico on-line with Tideworks terminal software
|JANUARY 26, 2012|
- 'Stupid ship owners' must stop ordering 'stupid ships'
Restricted lending should help reduce overcapacity
- A false sense of security?
Giant cruiseships look like floating hotels but ignore the dangers of the ocean at their peril
- Montoir joins LNG re-export club
Ports in Belgium, Spain and the US reship gas to Asia for a premium price
- Offshore construction on a high
Morgan Stanley analyst points to 226 outstanding floating production platform installations, some 30% more than 18 months ago
- Seadrill $1bn spin-off set to take pipelay support vessels
Joint venture between Seabras and Malaysia-based SapuraCrest Petroleum will offer services to Brazilian state giant Petrobras
- Star Reefers presses on with JFC case
UK setback will not close other legal avenues
- New fall in product tanker rates from Europe to US
No signs of a reversal yet, say brokers
- Eredene Capital reduces stake in Indian box freight station
Sale of 10% stake in Sattva CFS & Logistics raises $1.7m
- P&I brokers question value of S&P public information ratings
Motives for the West of England downgrade questioned
- Washington hits Aquarosa owner and manager with $2.4m magic pipe fine
Bilge dumped from newbuilding's maiden voyage
- Dry bulk deals available for those with cash, says Frangou
Prices 'justified' even by current long-term charter rates
- Rina facing class action
Lawyers behind Al Salam Boccaccio claim prepare Costa Concordia case
- Shipping firms use Chapter 11 threat to buy time
'Tactical' restructuring waits for improving markets
- Media's speculation over Costa Concordia jeopardises a fair trial
Evidence which should be in the hands of official investigators is being paraded in newspapers and television programmes
- A truth darker than fiction
Costa Concordia highlights how we handle fear and courage and funk
- German shipowners threaten flag exodus in new anti-piracy row
VDR demands urgent legal reform to allow owners to deploy private security firms
- South Sudan slashes oil output as tensions mount with north
New price fears as country halves its output
- Iron ore trade set for boost in February
Futures trade indicates restocking of Chinese mills is imminent after new year celebrations
- Simatech to order two 3,000 teu feeders
Dubai-based operator diversifying its fleet by adding larger vessels
- DFDS and Louis Dreyfus launch Dover-Calais ferry service
Former SeaFrance bidders plan February launch for two-vessel service
- Penning rejects Liverpool proposal
No turnaround calls for Liverpool Cruise Terminal
- A legal wake-up call
Check every contract ruthlessly, then check it again
- Supramax lay-ups imminent if rates slump continues
Shipowners ballast across the Atlantic in opposite directions in search of cargo
- BG Group signs second US LNG deal
Contract boosts prospects for US exports
- Iran retaliates to EU sanctions with threat to halt oil exports early
Price hike fears as countries would struggle to source alternative supplies
- German charter tonnage co-operatives arouse strong interest
Almost 300 ships are already members of two new groups for feederships and small bulkers
- Tonnage glut weakens Stolt Tankers
Tanker owner admits it was over-optimistic about 2012 'turnaround'
- Zodiac lets 16,000 teu newbuilding options expire
Depressed freight markets dampen demand for largest box tonnage
- Developing-world demand boosts dry bulk operators
Tanker players are more exposed to recession-bound economies
|JANUARY 26, 2012|
- Libya now just 20% from pre-war oil level
LIBYA'S National Oil Corp's daily production has reached 1.3M barrels per day, more than 80% of its pre-revolution total, IHS World Markets Energy reported today
- Efploia fined for pollution
GREEK ship manager Efploia Shipping has been fined $1.2M after pleading guilty to illegally dumping oil and plastic waste in US waters
- Chapter 11 option touted
RESTRUCTURING via bankruptcy has its advantages for shipowners, the London Marine Money conference heard today
- Strikers to disrupt Corsica ferry services
FRENCH ferry operator SNCM told Fairplay it expects "heavy disruption" to Marseilles/Corsica services today as union members begin a two-day strike
- Profits fall 35% at India's Sesa Goa
SESA GOA, India's largest exporter of iron ore, has reported a 35% fall in net profits year on year over the October-December period
- Concordia calls scrutinised
COSTA Crociere chairman Pier Luigi Foschi has told Italian senators that Costa Concordia's captain had assured that he had control of the cruise ship - just two minutes before warning he must order its evacuation
- Stolt-Nielsen: don't be optimistic on upturn
STOLT-Nielsen today reported a fall in profits in 2011's final quarter and warned that continued weakness in Western economies might prevent a chemical carrier upturn this year
- Ship financing 'involves sensibility and pain'
EQUITY and debt capital is still "sufficient" to fulfil orderbook funding "needs", London's Marine Money conference was assured today
- Rise seen in Rotterdam port market share
ROTTERDAM port's market share among northern European ports might expand to 45% of total capacity by 2017, a report has predicted
- Keppel's profits jump 14%
SINGAPORE'S Keppel Corp today said its net profits rose 14% in 2011 year on year, to S$1.49Bn ($1.19Bn)
- CSAV inches towards goal
CHILEAN box liner CSAV today announced the sale of an additional $129M in shares, leaving it well short of its $1.2Bn capital-raising goal
- Deconstructing disaster takes time
COMPLEX internal architecture of modern cruise ships will make it extremely difficult to identify the exact causes of casualties such as the Costa Concordia disaster, a stability expert has warned Fairplay
- BLT's shares suspended
SHARES in Indonesia's Berlian Laju Tanker are suspended today, which has sparked a rating agency downgrade
- Indian players take up VLCC slack
INDIAN oil companies have picked up the slack while their Chinese counterparts celebrate Lunar New Year this week
|JANUARY 26, 2012|
- Michigan to Build Ambassador Bridge Ramp Within Months
The Michigan Department of Transportation said it will build an off-ramp connecting the Ambassador Bridge, the busiest U.S.-Canada crossing, to...
- J.B. Hunt Transport Revenue Reaches $4.5 Billion
Higher rates and volumes boosted fourth-quarter net profit 25.4 percent to $72.6 million at J.B. Hunt Transport Services, the nation's...
- Maersk to Use Greener Fuel in Virginia Ports
Maersk Line containerships will switch to burning low-sulfur fuel while at berth in the Port of Virginia starting in February....
- NYK Line US Imports Grow 7 Percent
Japan's NYK Line saw a 7 percent year-over-year surge in imports into the United States from Asia in December in...
- Transport Secretary LaHood's Son Barred From Leaving Egypt
Sam LaHood, son of U.S. Transportation Secretary Ray LaHood, is being detained in Egypt as part of a crackdown on...
- Truckload Spot Market Slows in January
Spot market truckloads dropped 14 percent in December from the previous month but were still 25 percent higher than in...
- NY-NJ Port Authority to Crack Down on 'Discrimination'
The Port Authority of New York and New Jersey's new executive director said the agency will use its leases as...
- Knight Expects Truck Rates to Rise 3 to 4 Percent
Knight Transportation plans to add capacity in 2012, expanding its fleet and services while raising truckload rates 3 to 4...
- LaHood Doubts Congress Will Pass Transport Plan in 2012
Transportation Secretary Ray LaHood Congress doesn't expect Congress to pass a comprehensive surface transportation bill this year. The differences...
- CP Directors, Activist Investor on Collision Course
The time to switch the tracks and prevent Canadian Pacific Railway from barreling toward a proxy fight is over. ...
- CP Profitability Worsens Amid Proxy Fight
Canadian Pacific Railway saw fourth-quarter profit rise 19 percent year-over-year to $221 million, but the railroad's operating ratio worsened as...
- Hapag-Lloyd Hike Rates on Far East Services
Hapag-Lloyd will impose a series of general rate increases on Far East services in March, as part of the German...
- Celadon Group Profit Jumps 86.2 Percent
Tight capacity, rate hikes and acquisitions helped Celadon Group boost net profit 86.2 percent in the last quarter despite a...
- NYSA's Curto Urges NY-NJ Port to Improve Productivity
The Port of New York and New Jersey's various factions must work together to improve a port that is "not...
- Durable Goods Orders Rose 3 Percent in December
Orders for long-lasting goods rose 3 percent in December, a sign the manufacturing sector continues to bolster a slow economic...
- Forth Ports Takes Control of London Tilbury Terminal
Forth Ports acquired full ownership of Tilbury Container Services, paying $147 million for the remaining 67 percent share of the...
- Asia-Europe Spot Rates Fall 2.6 Percent
Average spot rates on the Asia-Europe trade lane fell this week after increasing week-over-week in the previous five weeks as...
- Hapag-Lloyd to Open Shipping Agency in Dubai
Hapag-Lloyd will open its own shipping agency in Dubai, United Arab Emirates, in a joint venture with its existing third...
- MSC Hikes Piracy Surcharge Between African Ports
Mediterranean Shipping Co. said it will put a new piracy surcharge into effect on containers it transports between ports in...
- Asian Air Carriers Saw Cargo Traffic Fall 5.4 Percent
Asian air carriers shipped 5.4 percent less freight last month than in December 2010, as the traditional end of the...
- MSC Imposes Surcharge on Port of Mombasa Cargo
Mediterranean Shipping Company imposed a port congestion surcharge on all cargo moving to the Port of Mombasa, Kenya, starting Feb....
- Hong Kong Air Freight Fell 4.3 Percent Last Month
Throughput at Kong Kong International Airport in December fell 4.3 percent year-over-year, pulling annual traffic down 4.6 percent at the...
- MSC Shuffles US East Coast Port Calls on Far East Service
Mediterranean Shipping plans to shuffle the U.S. East Coast port rotation of its Golden Gate Service from the Far East...
|JANUARY 26, 2012|
- Daikin sells first Zestia units to Cronos
Daikin Reefer, which is one of the largest manufacturers of reefer machinery for the container shipping industry, has sold the first of its innovative Zestia-designed ...
- Davos debates global growth challenges
In a World Economic Forum [WEF] moderated-panel session at the Swiss resort of Davos yesterday - which included contributions from the chairman and ceo of Coca-Cola ...
- Italy stymied by striking truckers
Day-4 of the Italian truck drivers' strike against Prime Minister Mario Monti's aggressive tax-increasing austerity measures is taking its toll, with acute fuel ...
- KPA to destroy cargo
The Kenya Port Authority (KPA), which is desperate to free up space and improve on its poor productivity levels, has issued an ultimatum to importers/receivers ...
- TS Lines exits transpac
Taiwan headquartered TS Lines is leaving the transpacific trade as it is exiting the China-America East Coast Express string that it runs with partner Hainan POS.Gavin ...
- IMF: Iran oil embargo could result in 30% spike
The International Monetary Fund [IMF] has flagged-up the risk that sanctions against the nuclear-experimenting Iran could force up the price of a barrel of oil ...
- Forth takes control of Tilbury box terminal
In a USD95 (USD148) million deal, Scottish ports operator, Forth Ports has bought out the 67% of shares that it did not already own of the London, River Thames-located ...
- CSAV raises further USD129 million
Santiago-based CSAV has made further progress in its plans to raise USD1.2 billion in fresh capital with the group announcing that its second-stage plan in the ...
|JANUARY 26, 2012|
- Transpetro tied to spill
Petrobras tanker wing issues alert as authorities race to contain oil leak at floating transfer station off Brazil.
- Chembulk dodges BLT bullet
CEO of Berlian Laju's Connecticut chemical arm claims its "business as usual" despite cash crunch at Indonesian parent.
- Saipem enlists Fairstar duo
Oslo-listed heavylift specialist poised to sail to the North Sea after lining up $15m transport pact with Italian energy giant.
- Alam wins Samsung gig
Malaysian offshore vessel owner to bank $37m from a deal with Korean engineering firm.
- Maersk Tankers crowns CEO
Danish shipping dynasty's tanker division trades king for a queen as Maersk Line lieutenant shifts gears.
- Ezion scoops big charter deal
Singapore-listed offshore owner seals $93.5m contract for a service rig in North America.
- Scrap record to be toppled
Macquarie Capital predicts dry-cargo demolition will shoot up by 50% in 2012.
- BLT battles debt disaster
Tanker giant in dangerous territory as it prepares to freeze trading and repayment of $418m owed on loans and ship leases.
- Farstad joins bond flood
Oslo-listed offshore owner rakes in nearly $70m from a trip to the bond market.
- Kuznik judges the Judges
Former HSH Nordbank boss lets rip at US bankruptcy courts' ridiculous knowledge of shipping.
- Partners in pact with parent
New York-listed owner secures two-year supramax charter with Navios Maritime Partners.
- EU in new Polish yard probe
Competition authority accuses two buyers of Poland's Gydnia of receiving illegal state aid to complete their deals.
- Navios Partners on the mark
Angeliki Frangou-led owner sees fourth quarter profit measure up favourably against Street bets.
- Stolt slips in fourth quarter
Oslo-listed shipowner looks to 2013 for tanker market recovery after drop in its fourth quarter bottom line.
| - Ocean news||web site|
|JANUARY 26, 2012|
- FP0117aaMaersk slows ECUBEX, adds Bremerhaven
- CSAV adds $129 million for recapitalization
- CMA CGM raises rates on number of trades
- Maersk names new tanker chief
- IMF dials back 2012 growth forecast
- Maersk cuts back on AE2
- NYK's December headhaul up marginally
- Cronos adds 500 new Daikin reefers
- Labor nears ratifying freight rail deal
- CP improves profit in 4Q
- Swift reports turnaround in 2011
- MIQ opens new Dutch logistics center
- Curto calls for NY port unity
|JANUARY 26, 2012|
- Dr. Kassinger sets up consulting firm
Industry veteran announces formation of own firm after 26 years as Senior Consultant for DNVPS.
- Europe: Markets firm across the board
Good demand in Rotterdam.
- Prices firm in Fujairah
Gains of more than $1 in early trading on NYMEX.
- Pipeline opening could be delayed to September
ADNOC and Chinese construction group debate quality.
- EU regulators renew focus on sulphur caps
Environment committee being asked to clarify 'implementation and monitoring' of sulphur regulations.
- Fuel oil stocks at five-week high
Singapore's on-shore fuel oil inventories climb 18% week-on-week.
- Bulker's fuel tank 'damaged' at Pohang port
Fuel tank of 29,753 gross tonne bulk carrier Global Legacy 'damaged', says NYK Line.
- Prices firming at Asian ports
Demand mixed on Thursday.
- Turkey issues new marine pollution tariff
Fine settled within 30 calendar days will be valid for a 25% discount, noted Vitsan.
- Fresh leaks from Rena wreck spotted
Silver sheen stretches south of Rena for about four kilometres on Thursday, says MNZ.
- Petroplus files for insolvency
Move follows unsuccessful negotiations with lenders, says Petroplus.
- EMMA to manage energy and resources of LNG-fuelled ferry
EMMA 'as easy to operate as a traffic light,' says project manager at Viking Line.
- Challenge to French calls for delay to 0.10% sulphur cap
'Yet another cry to avoid necessary steps into the future,' says maritime consultant.
- Salvors prepare Costa Concordia for debunkering
Second line of booms placed around the wrecked cruise ship.