|MARCH 27, 2012|
- Shipyards not funding rivals, says Stanchart
Shipyards extending financing to shipowners will not be in direct competition with ship-financing banks, said Standard Chartered Bank yesterday.
- Gulf shipping firms seeking local loans
Persian Gulf shipping companies are turning to the region's banks to fund new purchases of oil tankers and natural gas transport vessels as European banks curtail their activity in the sector.
- Italy shipping firm reels, puts bondholders at risk
A slump in world freight threatens to sink Italian shipping firm Deiulemar Compagnia di Navigazione, hurting thousands of small investors who fear it issued around 550 million euros (S$909 million) of bonds that were not on the balance sheet while selling off its ships.
- EU expands range of its anti-piracy strikes
- Asian Shipowners Forum urges UN action on piracy
|MARCH 27, 2012|
- Suzhou becomes world's seventh biggest seaport by total cargo volume
- Salvage of Singapore's 3,100-TEU Bareli wreck off Fujian coast goes well
- Ningbo expansion wins Beijing approval with port area and berth opening
- Liaoning port February box volume up 39.5pc to 1.05 million TEU
- Huanghua container volume increased 325pc to 5,001 TEU in February
- Chongqing to build US$15.8 billion agricultural logistics facility
- Qinghai builds more than 30,000 kilometres of rural roads over five years
- Trelleborg device ready for sale to monitor pressure on docking fenders
- Terminals told to prepare infrastructure for coming 20,000-TEUers
- Greencarrier Freight Services acquires Transpoint International in Poland
- UK P&I Club restructures to offer one European provider for Britain
- TNT's opening of Hong Kong regional hub indicates UPS' Asian focus
- India forbids its air carriers to provide data that assists EU carbon tax
- China Eastern, Qantas to start Hong Kong budget short-haul airline
- New Stifel Nicolaus index shows air cargo confidence at 42.2 in March
|MARCH 27, 2012|
- Boxship price war came at a huge cost!
- Cosco's Asia to South America rate hike from April 15
- Dry bulk ship scrapping may hold near last year's level
- K LINE adds Ningbo & Shenzhen-Da Chan Bay to intra-Asia loops
- Large containerships flood market
- MAERSK LINE to hike Far East to South, Central America rates
- MSC increases rates from Far East to New Zealand
- Port of Hamburg throughput up 14.2 pc in 2011
- USWC rates up 1.5 pc; East Coast 2.7 pc
- DP World Intermodal operates first Maersk dedicated train to Mundra
- Explosion on board vessel at Mumbai Port currently under investigation: ship manager
- E. Rly revenue up 11 pc in April-Feb.
- FM's target promises more biz for highway developers
- MMRDA receives six bids for trans-harbour project
- ' mechanism issues resolved with Iran: Fieo
- Gold imports putting strain on balance of payments: FM
- Govt issues release order for export of 2.05 lakh t sugar
- India pressing EU for greater access to service providers
- Maharashtra to urge Centre for cut in onion MEP
- Brics to moot development bank idea at New Delhi meet
- Steps taken to tackle fiscal crisis bearing fruit: IMF chief
|MARCH 26, 2012|
- LOT suspends flights to Hanoi
LOT Polish Airlines has decided to suspend flights to Hanoi (Vietnam), as of today (26 March). However, the Polish carrier will initiate a new connection to the Far East ...
- Record year for transalpine freight traffic
The volume of transalpine freight traffic in Switzerland continued to grow in 2011. The railway set a new record by hauling 25.6 million t of goods last year. The road and rail tog...
- DB Schenker Rail offers direct services to Paris
The German transport service provider DB Schenker Rail has linked the greater Paris area more closely to its European network by opening another rail logistics centre on the outski...
- Ryder invests to refresh and upgrade rental fleet
Ryder has announced that it is investing GBP 24.6 million (EUR 29.5 million) in a further upgrade and expansion of its rental fleet. Over the next two months Ryder will be introdu...
- Liege cargo volume declines in February
In February, 52,124 t of freight were transported through Liege airport (Belgium), a decrease of 4.38% compared to the 54,514 t in February 2011. The decline in cargo traffic ...
- First vehicle to combine hybridisation and indirect cryogenic refrigeration
The French Casino Group has joined forces with Renault Trucks, Air Liquide, Chereau and STAF to develop the first hybrid vehicle in the world featuring cryogenic refrigeration and ...
- New GACAG website provides updates for air cargo industry and regulators
Companies across the air cargo supply chain and regulatory bodies can now obtain updates on the lobbying activities and views of the Global Air Cargo Advisory Group (GACAG) online ...
- German seaports report increase in throughput
The seaports in Germany handled 7.3% more goods in 2011 compared to the previous year. Provisional figures compiled by the country's statistical office Destatis show that a total o...
- Stef reports satisfactory business year 2011
The French refrigerated transport and logistics service provider Stef registered sales of EUR 2.3 billion in business year 2011, an 11.8% increase compared to the previous year. La...
- Encompass opens regional headquarters in New York City
Encompass Global Logistics LLC, a fast-growing 3PL that is ranked among the top 20 operators in the transpacific trade, has opened a new regional headquarters in New York City as p...
- Ceva Logistics: new contract in Dubai
Logistics and SCM specialist Ceva Logistics has signed a five year contract with Nasser Bin Abdullatif Alserkal Est, one of the biggest importers and distributors of major tyre bra...
- New chairman for the port of Dunkirk
On 14 March 2012, the French president, Nicolas Sarkozy, issued a decree naming Christine Cabau Woehrel as director general of the port of Dunkirk. She succeeds Martine Bonny, who ...
- Grimaldi launches new maritime service between Brindisi, Igoumenitsa and Patras
The Naples (Italy)-based Gimaldi group is launching a new three-times per week service between the ports of Brindisi, Igoumenitsa and Patras on 11 April. During the summer period t...
|MARCH 26, 2012|
- DOF Subsea orders OSCV to replace newbuild sold to Australia
- Wärtsilä 20DF engine chosen for Korean green ship project
- Drydocks World uses FORAN to engineer jack-up crane barge
- A2SEA orders wind turbine installation vessel at COSCO Shipyard Group
- Merchant vessel reported hijacked 305 NM northwest of Maldives
|MARCH 26, 2012|
- Port of Seattle announces expansion of cruise lineup
- Yang Ming to expand Australia service offering
- Port of Camas-Washougal displays local artworks in lobby
- Work set to begin this month on new Washington state ferry
- UK P&I Club plans to reorganize structure
|MARCH 26, 2012|
- Playing it by the book
UK health and safety rules apply to ports and ships handling wood pellets
- Biomass: handle with care
Tilbury fire highlights risks in handling and storing wood pellets
- Almi establishes gas shipping vehicle
Owner steps up talks on debut LNG vessels
- Internet rollout recruits young seafarers
Use of social networking sites could increase motivation and productivity
- Venezuela's ties to China boost VLCC demand
LLI data shows fall in aframax stems to US
- Lomar inks feedership deal with Wenchong yard
Six-ship order follows bulker deal with Cosco
- Internet use can shave $100,000 off ship costs
Owners and lines can benefit from lower bunker consumption, better staff motivation and improved management meetings
- Color Line plans to order gas-powered newbuilding
Major Nordic ferry operator ready to order gas-powered newbuilding
- South Korean yard beats Japan rivals to land LPG orders
STX nabs $100m Vafias order despite weakening strength of the yen
- Deutsche Shipping sees major growth
Ship financier benefits from weak competition and expansion into Asia
- Minerva continues product tanker buying spree
MR tanker prices continue to fall
- Latest EU Iranian sanction decision falls short
International Group says decision still leaves third parties vulnerable
- Capesize rates slump to three-year low
Asia-Europe backhaul dry bulk benchmark reaches lowest level ever reported
- Scorpio orders eighth MR newbuilding
Investment supports 'strategic' growth
- Armed guards use floating armouries
Calls to regulate floating weapons stores that are semi-legal and hard to police
- LNG sings as the bell tolls for Japan's nuclear industry
Another reactor shutdown boosts prospects for nation's gas imports
- Zodiac capesize purchase drives market down further
Vessel resale nets only $38m, marking 20% decline in a month
- High tonnage volumes dampen scrap prices
Market experts warn a downward price correction is likely
- Brave Maritime orders two LPG carriers
Niche player buys two vessels from STX O&S
- Global Ports Investments increases revenue by 31%
Russian firm reports domestic box boom
- Shipping confidence rises for three consecutive quarters
Moore Stephens survey hits highest level since last May
- InfraMed invests in Turkish port
Stake will help develop Limak Iskenderun container terminal
- VLGC market revival as Middle East producers ramp up cargoes
Falling LPG exports from Iran spur Arab states to increase shipments
- Sharp increase in bauxite liquefaction in Amazon basin
Heavy rains have impacted the normally safe cargo
- One for all
Admirable but flawed attempt to match Hong Kong ship-recycling convention
- Make national testing protocols consistent
Avoid additional ballast water tests
- Maersk boss faces second heart op
Andersen off sick for two more months
- S&P downgrades MISC to BBB
Ratings agency cites weak operating performance
- Rig workers in emergency evacuation after gas leak
Helicopters pulled all staff to safety
- High tides slow Bareli salvage
New oil leak found and Klaveness admits responsibility
|MARCH 26, 2012|
- Deutsche Bank steps up Asian ship lending
THE SHIP finance division of Deutsche Bank, Deutsche Shipping, increased its business with customers in Asia to a new high in 2011
- Baltic 'modal backshift' warned
A STUDY of Baltic ships has revealed that owners are largely yet to prepare for the Emission Control Area start-up in 2015, which could spark a modal backshift
- Struggle returns to box sector
A BRIEF recovery in the box ship charter market has fizzled, as enquiry for tonnage cooled towards the end of last week
- EC told breaking reform focuses on wallets
PORT TAX, insurance schemes and other "economic mechanisms" would be effective means for reforming shipbreaking, a lobby group has told the EC
- Mariner dies after fall
AN INDIAN seafarer has died after falling into the hold of a box ship just freed from arrest
- IMO urged to take whip hand on emissions
VESSEL emissions should be regulated at a global rather than regional level, according to the European Sea Ports Organisation
- Capesizes court 2008 lows
SPOT RATES for Capesize drybulkers are courting lows last seen in late 2008, with little in sight to brighten the outlook, analyst and broker sources said today
- Global raises profits 23%
GLOBAL Ports Investments this morning said its St Petersburg box terminals raised throughput 44% in 2011 year on year
- VLCC rally snuffed out
A SLOWING in fixing activity on the VLCC market has snuffed out a recent rally of spot freight rates, shipbroker and analyst sources said today
- Ships collide in Dover Strait
TWO SHIPS collided this morning in the Dover Strait in poor visibility, the UK Maritime & Coastguard Agency confirmed
- West Oz port plan advances
PLANNING has begun for the first phase of Western Australia's PortLink freight corridor, according to the state government
|MARCH 26, 2012|
- FTR's Perry Discusses Economy Recovery, Deficit Concerns, Trucking Regulation (Video)
Noel Perry, FTR Associates' managing director and senior consultant, explains the economy recovery but warns that the U.S. deficit crisis...
- US Container Exports Grew 2.3 Percent in January
U.S. containerized exports increased modestly in January as solid growth in Asian markets was partially offset by losses in European...
- Hapag-Lloyd Plans Europe-Asia Fuel Surcharge
Hapag-Lloyd will impose an "interim fuel participation" surcharge on Europe-Asia trade lanes to cover rising bunker costs. The proposed...
- NY-NJ Port Authority Submits Bayonne Bridge Plan for Fast US Review
The Port Authority of New York and New Jersey on Friday submitted to federal officials a formal request that the...
- Shipping Confidence Up on Rate Expectations, Survey Finds
Overall confidence levels in the shipping industry increased slightly in the three months ended February 2012, reaching its highest level...
- Maersk CEO Andersen Faces More Surgery
A.P. Moller-Maersk CEO Nils Smedegaard Andersen will remain on sick leave another six to eight weeks pending further surgery to...
- Japan, Canada Agree to Launch FTA Talks
Japan and Canada have formally agreed to launch negotiations on a bilateral free trade agreement (FTA) to eliminate import tariffs...
- Can James Welch Save YRC?
When a news headline last week declared YRC Worldwide was "back at (the) brink" of the default and bankruptcy filing...
- Providing Southern Comfort
When automobile manufacturer Fiat in 2010 announced plans to build a $1.8 billion plant in northeastern Brazil, CEVA, a global...
- Learning From Chile
No one is more delighted about the impact of 2004's U.S.-Chile Free Trade Agreement of 2004 than Tom Tjerandsen, North...
- Bogota or Bust
In the fashionable neighborhoods of Bogota, the gourmet restaurants, lively nightclubs and luxurious hotels are brimming with foreign executives eager...
- Driving Ambition
When Steve Russell buys a trucking company, it's not because he wants trucks. Drivers are the more important asset, said...
- Rail Renaissance Rides South
Mexico's rail industry is poised for growth, especially in intermodal shipments. The networks of Mexico's top two carriers,...
- 'Freight Is Not a Dirty Word'
When he arrived in Overland Park, Kan., last July, James Welch began his plan to restart YRC Worldwide by cleaning...
- Korea's Beef and Booze Boom
Next time you're dining out in Seoul, have a good steak and wash it down with a shot of Jack...
- States Push for Higher Fuel Taxes
While the Senate pats itself on the back for passage of a mere two-year surface transportation bill, a handful of...
- NY-NJ's Global Reach
By the middle of 2014, the Port of New York and New Jersey will have a container terminal able to...
- Banking on an Extension
An electronics manufacturer in Singapore last year wanted 25,000 wire forms to be used in one of its products, and...
- Big Harold vs. The Nut
As the old saying goes, "Time flies when you're having fun." Somehow, TPM 2012 has come and gone, with record...
- Unsigned on the Dotted Line
Q: We're a third party, arranging transportation for shippers with carriers we have under contract. We specify contract rates in...
|MARCH 26, 2012|
- APM T keen on East Africa
East Africa is definitely on the map when it comes to investing and operating cargo-handling facilities, according to the Hague-based APM Terminals (APM T), which ...
- Global Ports Investments on a high
Russia-based Global Ports Investments (GPI) recorded another set of stellar financial results last year largely on the back of container terminal operations in ...
- China committed to Tazara
It must be hoped that meetings that took place last week between China's deputy minister for trade and Tanzania's president, Jakaya Kikwete, will result in new ...
- Bareli: 200 boxes removed but salvors hamstrung by bad weather
Inclement weather off the coast of Fuqing, China, with waves up to 6m, has halted the removal of containers and the pumping out of heavy fuel oil from the stricken ...
- Charleston a step closer to new terminal
Progress on the Port of Charleston's Navy Base Terminal has moved further towards the construction of its planned new container terminal - which will increase the ...
- MSC joins the hunt on shippers from northern Europe to Asia
MSC has advised customers that 'in order to face the extraordinary demand of equipment' for cargo destined to Asia from northern Europe, it intends raising an equipment ...
- New US bill will boost African trade
Trade between the US and Africa is expected to benefit from a bill recently introduced by US congressman Chris Smith, who is also chairman of the House Subcommittee ...
- SeaIntel flags up significant differences in on-time performances across alliances
SeaIntel Maritime Analysis has analysed the schedule reliability for carriers in the Transpacific trade - and the conclusion is that the majority of carriers are ...
- Auckland mediation talks fail
Mediation talks between the Ports of Auckland [PoA] and the Maritime Union of New Zealand [MUNZ] made little progress today in solving the deadlock between the ...
|MARCH 26, 2012|
- Cantor cuts analyst loose
Wall Street exodus returns to the spotlight as investment firm parts with veteran Natasha Boyden.
- CSDC spots loan threat
Asian giant bags $317m boost in a bid to preserve liquidity and buying power as PRC banking policies threaten access to cash.
- Expansion weighs on Wilson
Record-breaking revenues overshadowed by 47% dip in annual profit at Sao Paulo-quoted offshore specialist.
- Two more shoot from Star
Oslo-listed owner tipped to have sent a couple more vessels for demolition.
- Rem Star slips off spot
Age Remoy-led owner ties up period deal with Peterson for one of its PSVs.
- Reefer trio released
Nigerian kidnappers free two Russians and a Filipino snatched from Breiz Klipper in February.
- DB builds shipping arm
Deutsche Bank says its industry portfolio grew by one third in 2011 despite a dip in fresh lending.
- Scorpio adds number eight
Monaco-based owner declares one of two options for another MR tanker newbuilding at Mipo in Korea.
- Pirates snatch Iranian bulker
Gang takes control of Hafiz Darya vessel a huge distance from the Somali coastline.
- Brave deal could reach eight ships
Vafias group company signs up for four new in-house-designed Diamond LPG carriers at STX, with four options.
| - Ocean news||web site|
|MARCH 26, 2012|
- Cross-border cloud computing
- Liner carriers attempt revenue grab
- LeanLogistics software promotes 'green' actions
- NVO Countdown - No. 10
- DP World to repay $3 billion loan
- Congress expected to rollover transport programs through June
- Alliances test individual lines' on-time efforts
- Old Dominion starts drayage in Oakland
- MSC raising Asia-ECSA rates
- Deutsche Shipping increased loan commitments in 2011
|MARCH 26, 2012|
- Fuel efficient vessels creating 'two-tier' charter market
Charterers using modern tonnage can cut bunker costs by $5,000 a day.
- European bunker prices firm across the board
Severe congestion reported in Gibraltar.
- Prices firming in Middle East markets
Cape Town avails subject to enquiries.
- Russian fuel oil duty climbs
But not by 50% as had seemed possible.
- Hard times threatening Hong Kong low-sulphur initiative
Only one of 17 shipping companies participating in voluntary fuel switch has said it will continue beyond 2012, and even now only around 10% of ships make the switch.
- Head of Shell's Asia fuel oil trading to 'join Vitol'
Report says Dominique Laborde resigned his position last week.
- Bunker station targeting North America/Southeast Asia traffic
Russian supplier says initial target is 10 to 15 vessels a month.
- Asian shipowners reaffirm 'strong commitment' to clean environment
ASF SNEC welcomes adoption of guidelines to assist in implementing the mandatory Regulations on Energy Efficiency for Ships in MARPOL Annex VI.
- Bunker price movements 'mixed' in Asian ports
Players report good avails.
- Emulsion fuel producer ends H2 2011 with narrowing losses
Cash reserves 'sufficient' to progress to full commercial operations, says Quadrise Fuels International.
- East China fuel oil stocks up 50%
Bunker traders 'not active' in picking up products.
- Singapore court reverses decision against bunker supplier
Equatorial allowed to pursue its claim for over $21.7 million from shipping firm MISC for alleged non-payment of bunkers.
- Salvors conclude Costa Concordia fuel removal operations
Operation 'executed in line with expectations', says Smit Salvage.