|MARCH 29, 2012|
- Last hurdle for Hamburg to get dredging started
Hamburg, Europe's second-largest container port, is poised for a rise in cargo volumes in the coming years after one of the final hurdles to the ninth major river dredging in the port's 1,000-year history was surmounted.
- Rising oil-tanker returns end streak of declines
Returns for the biggest oil tankers hauling Middle East crude to Asia ended a six-session losing streak as longer voyages and crowded ports tied up more vessels.
- Panamax-vessel deliveries break quarterly record
The number of panamax-class dry-bulk vessels starting to trade this quarter reached 75, exceeding the record 60 ships delivered from builders in the third quarter of 2011, according to Barry Rogliano Salles.
- Torm in lifeline talks with two investor groups
|MARCH 29, 2012|
- Cosco Pacific 2011 profit up 7.6pc to US$3.88 million on 34.2pc more revenue
- MOL expands Asia-South Africa service with 'K' Line and PIL on April 8
- MSC adds final 13,050-TEU vessel to Asia-Europe Silk service
- Court unsacks 'sacked' Auckland dockers, orders wages till April 6 lockout
- Heavily involved in West Africa, APM Terminals now looks to East Africa
- APM Terminals' 2011 Sustainability Report gives APM Terminals top marks
- Dubai's DP World to repay US$3 billion loan sooner than expected
- CMA CGM, MSC and CSAV join in north Europe-east coast South America loop
- Major Deals Sealed at Singapore's Asia Pacific Maritime 2012
- Lufthansa launches thrice weekly Frankfurt to Shenyang flights
- Qantas commences Sydney-Santiago flights as free trade accords kick in
- Mumbai airport truckers and shippers blast 'extortionate' road toll
- European night flight bans drive air express to high speed Chunnel trains
|MARCH 29, 2012|
- BHP 2012 all set for grand opening today
- DAMCO launches dynamic supply chain solution
- NYK once again selected for leading CSR index
- Rickmers-Linie appoints new representatives in France, Bangladesh & Sri Lanka
- SCI takes delivery of another Supramax bulk carrier
- UGL's strategic acquisition of LANS Projects Pvt. Ltd- An advantageous head start in the specialised oil & gas & wind energy logistics industry
- JNP impasse continues
- TERI report on TAMP guidelines: Private terminal operators' hopes dashed
- Jitendra Jain to represent Gandhidham Chamber on Western Railway consultative committee
- MACCIAs interactive meeting with CBEC Chairman a success
|MARCH 28, 2012|
- OOCL appoints new CEO
Orient Overseas Container Line (OOCL), the shipping division of Hong Kong-based Orient Overseas International Ltd (OOIL), has appointed Andy Tung as the new CEO of OOCL Hong Kong, ...
- Maximus Air has designs on the future
Maximus, the Abu Dhabi flag carrier reported that an Airbus A300-600RP2F, the kind of aircraft that forms the core of its current fleet, has been the first unit to be painted in th...
- Virgin Atlantic Cargo returning to Mumbai
After serving Mumbai (India) from 2005 to 2009, Virgin Atlantic Cargo is returning to India's thriving commercial centre from 28 October 2012. The new daily Airbus A330 passenger a...
- Hactl praises decision to build third runway
Air cargo handler Hong Kong Air Cargo Terminals Limited (Hactl) has strongly welcomed the Hong Kong government's recent in-principle approval to adopt the three-runway option for t...
- Prologis selects new regional director for northern Europe
Prologis, an investment company for logistics firms, has chosen Thomas Karmann to be its senior vice-president, regional director northern Europe, with effect from 1 June. Karmann,...
- Valencia continues to be Spain's biggest container port
The Spanish port of Valencia handled around 4.3 million teu in 2011, equating to a plus of 2.86% compared to 2010. Spain's number two port Algeciras reported a box throughput of 3....
- K Line enhances NE Asia to SE Asia service
The Japanese shipping company K Line is upgrading its intra-Asia services Jabco-1 and Jabco-2 with additional China calls. K Line will deploy a total of eight vessels for the twice...
- Sikar-Bikaner section of NH 11 in Rajasthan to be widened
The Indian Cabinet Committee on Infrastructure has approved the widening to four lanes of the Sikar - Bikaner section of National Highway 11 from km 340.188 to km 557.775. When fi...
- CargoLine presents "Partner of the Year 2011" awards
CargoLIne, a German general cargo alliance, has ranked Göppingen-based Wackler Spedition & Logistik as the best partner of the year 2011, followed by Schmidt-Gevelsberg (Schwel...
- TFG Transfracht and BMW prolong collaboration
The cooperation agreement between the German transport service provider TFG Transfracht and car maker BMW is being continued for another three years. As the rail track operator of ...
- CN to acquire 161 locomotives
Canadian National Railway Company (CN) is acquiring 65 new high-horsepower locomotives and 96 second-hand high-horsepower locomotives that will be upgraded, in order to accommodat...
- Nippon Express enters shared ownership agreement with Colombian agent
Nippon Express USA Inc, an overseas subsidiary of Japan-based Nippon Express Co Ltd, recently concluded a shared ownership agreement with Map Cargo SAS, its agent in Colombia. The ...
- Death of former McDonnell Douglas CEO Sandy McDonnell
The former McDonnell Douglas chairman and CEO, Sanford N. (Sandy) McDonnell, died aged 89, on 19 March. The Boeing company expressed its deepest respects. "The people of Boeing ex...
- Hermes rolls out real time parcel tracing scheme
The German service provider Hermes Logistik Gruppe Deutschland GmbH (HLGD) has introduced a parcel tracing system that enables customers to locate the position of their consignment...
|MARCH 28, 2012|
- Conrad Industries increases net and adds to order book
- E-power barge will cut cruise ship emissions in Port of Hamburg
- USCG and safety agencies start probe of fatal tugboat fire
- De Chateauvieux controlled Jaccar to expand gas and bulk activities
- AMP moves to head off Jones Act waivers
|MARCH 28, 2012|
- Port of Anacortes celebrates dock replacement project completion
- NOL Group taps Olivier Lim as new board of directors member
- Crowley mariners to take part in new skills assessment program
- Port Metro Vancouver supports Japan/Canada free trade deal
- Trucking group backs study supporting truck speed limiters
|MARCH 28, 2012|
- Manila operator joins forces with Portland
Ground-breaking venture by ICTSI aims to double throughput at US container terminal
- Portland container exports surge 27%
Oregon port handles more outbound than inbound boxes
- German lines connect Portland to Europe
Weekly service boosts Mediterranean ties
- Portland to double its exports
Oregon port is a gateway to global markets
- Charterparty repudiations call for discounted cash flow calculations
Time value of money needs to be factored in
- Somali pirates earn more than middle-class UK workers
Report offers food for thought next time you request a pay rise
- Albatross at the helm
It's sink or swim as Lloyd's List test-drives Transas ship's bridge simulator
- CSCL falls into the red
Li Shaode blames European debt crisis and overcapacity for reversal of fortunes
- Exclusive: Kranich elected Box Club chairman
Hapag-Lloyd board member to lead exclusive club
- Bidders for Costa Concordia salvage whittled down to handful
Capsized cruiseship likely to be the most complex and expensive salvage to date
- Vela revisits spot charter market
Saudi bookings drive up VLCC bookings from Middle East to Asia
- Keppel FELS and Floatel sign letter of intent for accommodation rig
Price will be higher compared to last deal
- LNG's future lies with floating regas and liquefaction
Offshore units are cheaper and more flexible than onshore plants
- Boxship charter market cools as bookings slow
'False dawn' feared as overcapacity continues
- First Ship Lease charters tanker to Petrobras
FSL Singapore leased for $14,000 per day
- U-Ming's net profits fall nearly 60%
Investment and shipping incomes both collapse
- CMA CGM drops German lines on Latin America-Europe trade
Co-operation with MSC and CSAV begins next month
- Euromar snaps up biggest boxship to date
Cap Norte becomes 10th vessel of Greek owner's joint venture with private equity
- Marco Polo claims Chapter 11 breakthrough
Unnamed investor to pump in new capital
- BIMCO launches standard armed guard contract
Guardcon comes with guidance on use of force
- K+N may challenge EU cartel fine
Brussels punishes 14 air freight forwarders for price fixing
- Shanghai reports 13% cargo increase
But outlook is uncertain as growth rate slows
- Third generation takes helm at OOCL
Founder's grandson Andy Tung named chief executive
- The trials of Torm
Torm - possible equity infusion delivers a challenge to the banks
- Republican amendments block US sanctions bill
Bickering scuppers moves to prevent banks handling Iranian oil interests
- Baltic Exchange set to add capesize Pacific benchmarks
Time charter average specific to the Asian market could also be on its way
- Hamburg cleared for Hapag-Lloyd vote
Court clears last obstacles ahead of parliamentary debate
- Women on board
Revolutions do not happen overnight. At the UK's Chamber of Shipping, it took 134 years to appoint a woman president
|MARCH 28, 2012|
- Easing detected in Europe's container squeeze
EQUIPMENT and slot shortages in the eastbound Europe/Asia box trade should ease within a few weeks, according to a leading liner analyst
- North Atlantic raises $300M
NORTH Atlantic Drilling has raised $300M through a private placement of equity
- Strike shuts JNPT
INDIA'S biggest box port, Jawarharlal Nehru Port Trust, has shut down through tomorrow
|MARCH 28, 2012|
- Export Growth Tied to Reduction in Port Delays
A spokesman for agricultural interests called upon ports to help increase U.S. exports by reducing delays at marine terminals. ...
- Canadian Truck Traffic, Freight Rates Increase
The Canadian spot market for truckload freight hits its second highest point in 11 years in February, according to TransCore's...
- Busy Peak Shipping Season Forecast
During peak-season 2011, U.S. ports handled about 800,000 20-foot container units less than the macro economy indicated they should have...
- Jones Act Carriers Claim 'Ample' Oil Capacity
The U.S. maritime industry has "ample capacity" to transport petroleum from the Gulf of Mexico to the Northeast, the American...
- Deadline Nears on Transportation Funding Plan
House Republicans have two days to approve an extension to national transportation funding before hundreds of thousands of construction-related jobs...
- WorldCity's Roberts Details Global Trade Growth in 2011 (Video)
WorldCity President Ken Roberts said the value of global trade grew in 2011 and is expected to expand this year....
- Consumer Confidence Dips, But Expectations Rise
The Conference Board's Consumer Confidence Index dropped slightly in March, but consumers' outlook on the economy improved, the research organization...
- EU Fines 13 Air Forwarders for Price-Fixing
European antitrust officials on Wednesday fined 13 of the world's largest logistics companies, including Kuehne + Nagel, Panalpina and UPS,...
- US Durable Goods Orders Rise 2.2 Percent
Orders for U.S. durable goods in February rose 2.2 percent year-over-year to $211.8 billion, as increased demand for cars, computers...
- Trans-Pacific Spot Rates Ease, But Stay High
Average trans-Pacific spot rates this week eased off from their recent high of two weeks ago when carriers that belong...
- Protest Closes India's Port Nehru
A protest by local political parties and trade unions shutdown India's Port of Jawaharlal Nehru (Nhava Sheva), forcing ocean carriers...
- Pacer Names Benki to Run Asia, Europe Logistics
Pacer International named Al Benki as senior vice president, international logistics for Asian and European operations, where he will be...
- Cosco Pacific Profit Climbs 7.6 Percent
Cosco Pacific on Tuesday reported a net profit of $388.8 million for 2011, an increase of 7.6 percent year over...
- MSC Merges India-Europe-Mediterranean Services
Mediterranean Shipping Company will upgrade and combine its existing Indian Subcontinent-Europe-Mediterranean service network operated in conjunction with Shipping Corporation of...
- China's Growth Tied to Technology, Consultant Says
China will continue to expand its economy, but its growth will be based upon technology and innovation rather than low-cost...
|MARCH 28, 2012|
- EC fines forwarders for 'vegetable' plotting cartel
The European Commission has fined 14 forwarders a total of EUR169 million for participating in four distinct cartels aimed at fixing air freight prices between ...
- Boxship charter rates steady
After a post-ocean freight rate hike mini-surge in charter rates of container ships, daily hire rates marked time in the past seven days, with charterers reverting ...
- Bollore Logistics drives the group's profits
While both global trade and Africa-economic and socio-political related issues affected the performance of Paris-based Bollore Logistics last year, this division ...
- Horizon to slash debt with restructure plan for transpac ship charter
Horizon Lines has taken further steps to reduce its debt with a plan to restructure its vessel charter committments - which it refers to as "hell ...
- Basel-Multimodal Express hailed a success
Contargo's innovative trimodal service between Rotterdam, Antwerp and Basel is claimed to be a success. Launched a year ago, the Basel-Multimodal-Express (BME) ...
- CIGI says Caribbean maritime infrastructure must improve
A recent report published by the Canada-based Centre for International Governance Innovation (CIGI) on the Caribbean maritime sector has concluded that the region's ...
- Spain feels the double-dip heat
The Spanish economy has slid back into recession, according to a new report from the Bank of Spain. This is further bad news for the Iberian nation's government ...
- Still trucking-on in the US
The barometer of the US economy, its trucking industry, accelerated ahead in February to record a 5.5% growth compared with the same month of 2011, providing yet ...
- IBF declares Nigeria and Benin as high risk
The London-based International Bargaining Forum (IBF), a body that involves the International Transport Federation which has approximately 600,000 seafarers among ...
|MARCH 28, 2012|
- Cantor confirms cuts
Silence surrounding exit of Natasha Boyden fuels speculation about boutique investment bank's future in shipping.
- TEU targets expansion
Box Ships boss says billion-dollar dream would be achievable with help from capital market-backed acquisition campaign.
- Nasty swing for CSCL
Li Shaode predicts a year full of challenges as Hong Kong listed owner sees $1.1bn plunge in its bottom line.
- Blackout overwhelmed master
UK tells North Atlantic Shipping to combat crew complacency after power failure led to boxship grounding.
- Bodouroglou's balancing act
Cash conservation is key during dry recovery but grim forecast hasn't upset Paragon's appetite for acquisitions, CEO says.
- Sevan wins Statoil FPSO job
Norwegian firm to study the possible use of floater to develop huge Barents Sea find.
- Euromar bags a boxship
Euroseas-linked venture makes good on a promise from Aristides Pittas and builds its containership fleet.
- INS nabs nuclear job
UK decommissioning authority's fuel carrier in pioneering plutonium run to US from Sweden.
- All aboard the tanker train
Dahlman Rose reckons it's time for investors to build up their interests in tanker owners as a unique summer awaits.
- Swiber to down Kreuz stake
Singapore-listed offshore owner to raise funds by selling shares in subsea unit.
- No ransom for Albedo?
Pakistani negotiator says pirates have agreed to free Malaysian boxship in return for expenses incurred in its hijacking.
- FSL confirms Petrobras pact
Philip Clausius-led firm owns up to three-year charter which will see one of its ships leave the spot market.
| - Ocean news||web site|
|MARCH 28, 2012|
- Cross-border cloud computing
- More than dock-side bluster
- When bad things happen to good cargo
- Open to question?
- Backyard brawling
- Idle times
- Liner carriers attempt revenue grab
- LETTER: Slow steaming's potential air cargo boon
- The fork in the road - Part 1
- Sold on sustainability
|MARCH 28, 2012|
- Indian refiner ready to bring coker on line
Fuel oil output is set to decline.
- Maersk introduces 'super slow steaming' on Europe/Asia route
Will add vessels to make up for extra transit time.
- Pacific Rubiales Energy signs natural gas agreement
Floating Liquefaction Regasification and Storage Unit to be located on the Colombian Caribbean coast.
- Prices mainly down in Europe
Rotterdam market 'void' of demand.
- Prices falling in Fujairah and Suez
Demand normal in Suez.
- Fuel costs rising faster than predicted
US Navy faces $939 million shortfall in 2012 budget.
- Port authorities distance themselves from ECA worries
Low Sulphur: 'There's not a whole lot we have to do with it,' says port authority spokesman.
- Asian bunkering hubs see IFO prices soften
Below average demand in Singapore.
- Cockett releases details on Dubai office
New office will be managed by Chris Fletcher.
- German engineering firm files patent for LNG bunkering system
Bunker fuel loading system able to load LNG, MFO, MDO and MGO bunker fuels onto vessels.
- South Korea bunker output to fall in April
South Korea expected to produce between 660,000 and 690,000 mt of bunker fuel in April, according to a Bunkerworld survey.
- Container manufacturer expects slow steaming to continue
Ship operators will continue super slow steaming due to high bunker costs, says Singamas.
- Titan seeks expertise for refinancing plan
Continues talks with 'a number of potential investors' for fresh capital injection in the company.
- Take-up of ISO 8217:2010 spec fuel still 'slow'
'Refiners and traders need to do their part in ensuring quality assurance and compliance at source,' says DNVPS executive.