|AUGUST 8, 2013|
- Hapag-Lloyd back in black, pre-tax profit up 112pc to US$228.1 million
- HK's China Merchants opens Colombo International Container Terminal
- Hamburg Sud takes delivery of third 9,814-TEU high reefer capacity ship
- HK confident it can recall 60,000 tins of NZ suspect milk powder imports
- Heavy lift Rickmers-Linie names Ben Line Agencies (HK) Ltd for PDR
- Shipping at risk of terrorist attack off Yemen, warns British Government
- Union rejects Royal Mail 8.6pc pay hike over 3 years, holds strike vote
- China cancels export inspection and quarantine charges until January
- China's shipping rates for boxes and bulk slow down in first half
- Reforms credited with 10pc Hohhot rail freight rise to 17 million tonnes
- Yingkou port container volume up 9.8pc to 2.68 million TEU in first half
- China opens Baise-Cao Bang Vietnam direct passenger and freight service
- Changsha in Hunan province plans modern agricultural logistics centre
- Alataw Pass first half rail non-metal ore imports up 49.3pc to 18,000 tonnes
- Sinotrans launches e-business platform for shippers to shop for forwarders
- Anhui's Fuyang-Lu'an freight railway opens to traffic in August
- Nanchang port first half container volume up 30pc to record 41,597 TEU
- Hainan Sanya Phoenix Airport high-speed rail building starts in September
- Logwin blames weak rates on first half's flat sales of US$827.5 million
- Asia-east coast South America trade slows as need to cut capacity grows
- New York Democrats table bill to empower ports to enforce costly eco laws
- Near-sourcing means shorter supply chains: Turkey booster Davies Turner
- 'K' Line sets up separate subsidiary in Japan to provide ro-ro services
- V Alexander ships over-dimensional project cargo from Germany to India
- West Africa lacks naval forces and shipboard guards to stop piracy
- Hactl sees shippers switch from air to sea, weakening air cargo sector
- US-EU differences on air-traffic control threaten transatlantic talks
- Keen interest shown in India's US$5.7 billion airport privatisation
|AUGUST 7, 2013|
- Britain issues security alert to shipping cos operating off Yemeni coast
- Essar Shipping registers consolidated net profit of 19.41 cr. in Q1
- Liberia launches online MLC complaints resolution form for seafarers
- Panama Canal expansion to be more than 60 pc complete this month
- ADANI Vapi trade apprised of the advantages of Hazira Port
- Afghanistan strikes port deal with Iran to avoid Pakistan
- Day-long strike hits operations at Kakinada ports
- MTHL fails to attract bidders yet again
- Concern over mispricing of goods to stash dollars abroad
- Govt mulls cut in iron ore export duty to boost exports
- Govt not to ban onion exports, says domestic price rise due to other factors
- Govt removes import duty on rice bran oil
- INR pares early losses after govt action, still lower than Tuesday
- IFFCO plants trees as part of I-Day celebrations
|AUGUST 7, 2013|
- Admiral says more about decision not to repair USS Miami
- Caribbean MOU to stage first coordinated crack down
- Rand Logistics reports latest quarterly results
- Northrop Grumman donates software to U.S. Naval Academy
- Chinese-built PSVs to have ABB dry type transformers
- Huntington Ingalls reports increased income
- Navy to scrap arson-damaged USS Miami
- Harley Marine takes delivery of Conrad-built tug
|AUGUST 7, 2013|
- Seattle Port Commissioners Ok viaduct replacement project funding
- NOL Group releases first half 2013 numbers
- Crowley Logistics Group named to top 100 list
- Harley Marine takes delivery of newest tug SILVER
- Union Pacific nets honor from Ford Motor Company
|AUGUST 7, 2013|
- Essar Shipping profit falls 64%
Indian carrier suffers from weak rates and demand
- Oceanbulk and Oaktree buy Wah Kwong bulker
Seven-year-old Cape Shanghai added to partners' big dry bulk play
- Zhoushan pours money into shipping
Chinese port city to provide direct subsidies to carriers expanding fleets
- Zim to sell Black Sea slots to OOCL
Move follows demise of the G6 Asia-Black Sea Express Loop 9 service
- Yangzijiang confident of exercising $1.5bn order options by year-end
At least four 10,000 teu boxships could be exercised with Seaspan
- The International Ship and Port Facility Security Code explained
Marsh marine vice-president Bob Morrison outlines what the code means
- Textainer warns of subdued peak season and lower box production
Lessor says increase in owned container fleet helped second-quarter revenues rise 8.4%
- NOL slips back into the red in the second quarter
Deteriorating market conditions and freight rates hit Singapore listed container shipping and logistics giant
- Foiled port attack strengthens threat to shipping off Yemeni coast
All shipowners should review their ship security plans, says BIMCO
- Yangzijiang eyes merger opportunities at Chinese yards
Half of all Chinese yards will fail within three to five years, predicts chairman
- Can China maintain maritime growth and global sustainability?
Greenwich Maritime Institute marks London International Shipping Week with conference
- Small feederships in the scrapping waiting room
Almost one-third of total world fleet in lay-up as larger vessels take precedence
- UK ratifies Maritime Labour Convention
MLC will create level playing field, says shipping minister
- Maritime media pioneer David Cheslin dies
Highly respected shipping media veteran dies after long illness
- Asia-Europe rate increases announced for September
Second successive hike in spot rates tempered by expectation of softening market to come
- TransAtlantic losses shrink
Swedish operator pushes ahead with restructuring of industrial shipping unit
- Callimanopulos ups kamsarmax series in China to five
Owner is also eyeing secondhand VLCC deals
- DHT reports $7.7m loss
Losses deepen for US tanker owner
- Foreign lines may lose out in China's VAT reform
Foreign carriers are liable to 6% tax while Chinese competitors are not
- Box Ships lifts profits despite weak market
Greece-based company pays dividend for ninth consecutive quarter
- Paragon pockets early termination cash after breakeven quarter
Gain on Korea Line settlement shares keeps bulker owner marginally in profit
- Petronas move to buy its own LNG carriers will not hurt MISC, says Moody's
Rating agency says the decision will help MISC's bid to control its debt
- Yangzijiang Shipbuilding in strong second-quarter showing
Singapore-listed, China builder reports mild drop in net profits and steady flow of orders
- Ezion earnings make robust growth
Offshore services operator reports 29% rise in net profit as Australian LNG projects come on line
- AVIC Weihai pens handysize bulkers at $20m apiece
Chinese yard to deliver three 37,650 dwt ships to Visentini and Globeco in 2015
- Korea Line names SM Group as preferred bidder
Offer includes a total equity infusion of $192m, including a corporate bond, to buy just over 50% of dry bulk operator
- Maritime security mud-slinging on social media as competition heats up
Reputation is the most valuable asset firms have when fighting to retain business
|AUGUST 7, 2013|
- Hapag restores profits
GERMAN container line Hapag-Lloyd emerged today from year-on-year losses to €20.9M ($27.75M) in net profits for the second quarter
- Growth of container volumes accelerates
THE VOLUME of boxes rose year on year for the third consecutive month in June, Container Trade Statistics said today
- Transatlantic cuts losses
REDERI AB Transatlantic, the Stockholm-listed industrial shipping and offshore services vessel owner, said today it cut its losses in 1H13
- KDM's cargo climbs
UKRAINE'S KDM Shipping said it transported 337,100 tonnes of cargo in 1H13, a 45.4% jump year on year
- Terror attack on Yemeni port foiled
YEMEN'S government reportedly said today it broke up a conspiracy by Al-Qaeda to take control of Yemen's southern port of Mukalla
- DHT turns to losses
NYSE-listed tanker company DHT Holdings said it swung to losses in 2Q13
- Essar profits fall 63%
ESSAR Shipping said today its 2Q13 net profits amounted to 194M rupees ($3.2M), a 63% fall year on year
- Odfjell buys terminal unit in South Carolina
ODFJELL Terminals, part of the Bergen chemical carrier group Odfjell, said today it has signed a deal to buy Chem-Marine Corp of South Carolina
- Paragon treads water
NASDAQ-listed drybulk company Paragon Shipping eked out wafer-thin net profits of $17,032 for 2Q13, but the performance was based largely on a $3.1M gain on Korea Line Corp shares taken to the quarterly books
- Profits rise at Box Ships
MICHAEL Bodouroglou's NYSE-listed Box Ships has unveiled a 73% rise in 2Q13 net profits year on year
- 'Strong growth' seen for Nam Cheong
MALAYSIA's largest OSV builder Nam Cheong is expected to post 2Q13 revenues of 300M ringgit ($69M), up 78% year on year, DMG & Partners predicted today
- Yangzijiang profits slip 19%
SINGAPORE-listed Chinese shipbuilder Yangzijiang posted net profit of 1.5Bn yuan ($184M) in 1H13, down 19% on a year ago
- Greeks rescue 34 migrants
A GREEK Coast Guard unit has rescued 34 migrants who had scuttled their smuggling vessel when spotted off the island of Farmakonissi
- Swissco profits halved
SINGAPORE-listed Swissco Holdings reported a 52% year on year drop in profits to S$2M ($1.2M) for 2Q13, ended 30 June
- Ezion's profits rise 29%
SINGAPORE-listed Ezion Holdings today said its 2Q13 profits rose 29% year on year to $36.2M
|AUGUST 7, 2013|
- Schneider National to Open Phoenix Facility
Schneider National is adding 200 truck drivers in Arizona and opening a facility in Phoenix. The new facility is scheduled to open in September to support increasing demand from customers in the western regional service, according to the firm, No. 7 on JOC's list of the of the Top 50 Trucking...
- Maersk Inc. to Sell BTT Drayage Unit
Maersk Inc. has agreed to sell substantially all of the assets of its Bridge Terminal Transport marine drayage subsidiary to an affiliate of Platinum Equity, a Los Angeles-based private equity firm. The transaction is expected to be completed about Sept. 1. Terms weren't disclosed. The sale will have no impact on...
- Railroad Files for Bankruptcy After Quebec Disaster
Montreal, Maine and Atlantic Railway, Ltd., the Maine-based railroad at the center of a July 6 derailment and explosion that killed 47 people in Lac-Mégantic, Quebec, filed for Chapter 11 bankruptcy protection today. In addition, Montreal, Maine & Atlantic Canada Co. filed a petition seeking relief under the Companies' Creditors Arrangement...
- Deutsche Post DHL Posts 'Solid' Results in Second Quarter
Deutsche Post DHL reported its profit in the second quarter of 2013 was €422 million (about US$562.2 million), improving from €196 million in the second quarter of 2012. Operating cash flow by division in the first half of 2013. Source: Deutsche Post DHL. Full-size image Quarterly revenue was €13.6 billion, slipping 0.6 percent...
- US Diesel Prices Slip
U.S. diesel prices through August 5, 2013 Full-size image U.S. diesel prices edged down 0.2 percent in the week of August 5, following four straight weeks of increases, according to the U.S. Energy Information Administration. Prices fell in most regions of the United States. The national average price is currently $3.909 per gallon,...
- Sub-Saharan Africa Export TEUs Down to Most World Regions
Containerized exports from sub-Saharan Africa to North America and Europe experienced slight increases, each roughly 1 percent, in May. Exports to other regional trades fell by more than 10 percent year-over-year, with the largest drop being in container shipments to Australasia and Oceania, according to data from Container Trades Statistics. Sub-Saharan...
- Port of Tacoma ranks highest on West Coast for ease of doing business
The Port of Tacoma ranked highest among West Coast ports for ease of doing business in Logistics Management's 2013 Quest for Quality awards. Winners were selected by the magazine's readers-the buyers of logistics and transportation services. The awards recognized 129 top performers, including carriers, third-party logistic providers and ports. Readers evaluated ports...
- NY-NJ Sets Aug. 19 Date for RFID on Trucks
A program to require radio-frequency identification tags on trucks serving container terminals at the Port of New York and New Jersey will go into effect Aug. 19. The program originally was scheduled to go live on July 15. The RFID tag program requires trucks to register under the port authority's drayage...
- Hapag-Lloyd Posts Profit Despite 'Unsatisfactory' Freight Rates
Hapag-Lloyd reported its profit in the second quarter of 2013 was €20.9 million (about US$27.8 million), compared with a net loss of €7.3 million in the same period last year. "Although intense competition led to unsatisfactory rate levels, substantial cost cuts and a slight drop in the bunker consumption price were...
- EU Customs Detained Nearly 40 Million Articles in 2012
EU Customs: Registered detention cases and detained articles. Source: European Commission.The European Commission reported almost 90,000 detention cases were registered by European Union Customs in 2012, reflecting a continuation of the trend of the high number of shipments suspected of violating intellectual property rights. The high number of detentions reflected the...
- AccellosOne Warehouse SuiteApp Achieves Built for NetSuite Verification
COLORADO SPRINGS, Colorado - August 6, 2013 - Accellos, a leading provider of supply chain execution software solutions, today announced that the AccellosOne Warehouse SuiteApp has achieved the Built for NetSuite verification. The AccellosOne Warehouse SuiteApp combines radio frequency, barcode technology, and a robust Internet-based architecture to deliver a powerful, scalable, flexible...
- Expeditors International of Washington's Profit Rises 10 Percent
Expeditors International of Washington reported its profit in the second quarter of 2013 was $92.32 million, up 10.0 percent from $83.96 million in the second quarter of 2012. However, revenue for the Seattle-based logistics company, No. 37 in JOC's list of the Top 50 Global Transportation and Logistics Companies, slipped 0.3...
- Ford Motor Company Honors Union Pacific Railroad with Its Go Further Award
Omaha, Neb., Aug. 6, 2013 - Union Pacific Railroad received a 2012 Go Further award from Ford Motor Company. The special honor was announced by Ford at its recently held 2012 World Excellence Awards ceremony and was presented to 35 global suppliers who demonstrated a "Go Further" mindset and continuous...
- East-West US Intermodal Rate Index Falls for a Second Straight Week
East-West spot rates, week of August 5, 2013 Full-size image Westbound U.S. intermodal rates slipped again in the week of August 5, pulling down the overall national index, according to data on all-inclusive 53-foot door-to-door spot pricing quoted by railroads and provided by the 3PL IDS. The composite index edged down 0.3 percent...
- Matthias Loll Named VP - Project Development North America
(Houston, TX - August 7, 2013)...UTC Overseas, Inc. is proud to announce that Matthias Loll has been promoted to Vice President Project Development North America. In his new position, he will oversee the growth and development of the company's UTC Canada and UTC Mexico offices and operations, working closely with...
- White House Vetoes ITC's Ban on Apple Products
The Obama administration has vetoed the U.S. International Trade Commission's ban on the import and sale of some Apple iPhones and iPads, citing concerns about patent holders gaining "undue leverage," as well as potential harm to consumers and competition in the U.S. economy. Michael Froman, U.S. Trade Representative, made the decision...
- International Airlines Group chooses Office 365
REDMOND, Wash., Aug. 7, 2013 /PRNewswire/ -- International Airlines Group (IAG), the parent company of British Airways and Iberia, and one of the world's largest airline groups, has selected Microsoft Office 365 as the business communication solution for around 58,000 employees, enabling its workforce to collaborate virtually anytime, anywhere around the world. "Giving our employees...
- Ryder Honors 2013 Top Technicians in North America
MIAMI, August 7, 2013 -- Ryder System, Inc. (NYSE:R), a leader in transportation and supply chain management solutions, today announced the winners of its 2013 Top Technician Recognition Program. This annual program is designed to identify, recognize, and reward Ryder's top performing technicians. Eligible participants for the national award are selected from...
- Elemica Adds Supply Chain Industry Veteran Leadership as US and European Sales Realize Significant Growth
EXTON, PA--(Marketwired - Aug 7, 2013) - Elemica, the leading Supply Chain Operating Network provider for the process industries, announces that Patrick (Pat) Faloona has joined the company as VP Sales for North America and Juan-Carlos Mani joins as VP Sales for Europe. Both have extensive experience with supply chain, transportation logistics, technology, and...
|AUGUST 7, 2013|
- Matson on the up
Profit soars in the second thanks in part to volumes tied to Jones Act liner trade.
- DyShips losses stable
DryShips reported net losses that were slightly better than Wall Street forecasts and revealed a deal with one lender to help lower debt costs.
- DOE approves LNG license
The US Department of Energy has approved another application to export domestically produced LNG from a facility in Louisiana to countries that aren't subject to a free trade agreement with the US.
- All eyes on Jones Act
Only two US shipyards are actively involved in the construction of crude and product carriers but this could change sometime soon.
- Alterna clinches cash
Alterna Capital of the US has secured the financing it needed to complete the acquisition of three medium-range products tankers from STX Offshore & Shipbuilding Co of South Korea.
- BSC plots buying spree
Bangladesh Shipping Corporation (BSC) is set to borrow $240m from China to fund its fleet expansion.
- Hapag ditches duo
Hapag-Lloyd has picked up close to $14m from a double demolition deal.
- Stralsund deal close
A deal to sell the bankrupt Stralsund shipyard in Germany is close, according to administrator Berthold Brinkmann.
- Italy takes migrants
Malta has struck a deal to end the stand-off over a Greek tanker carrying African migrants.
- NOL cuts Q2 loss
Neptune Orient Lines (NOL) remained in the red in the second quarter but its deficit was not as severe as the market feared.
- Essar earnings eroded
The tanker and bulker company said earnings to 30 June were INR 190m ($3.11m), compared to INR 539m in the same period of 2012.
- RABT seeks more cash
Sweden's Rederi AB TransAtlantic (RABT) will ask shareholders to approve a new rights issue as it seeks to shore up its finances.
- DNB boosts TEN
DNB Markets has upgraded Tsakos Energy Navigation amid progress in ship prices.
- UK signs up to MLC
The UK has finally ratified the Maritime Labour Convention (MLC) to guarantee minimum employment standards for seafarers.
- David Cheslin dies
Well-known former shipping journalist and PR man David Cheslin has died.
- Odfjell keeps growing
Odfjell has continued a busy period for its terminal division with the purchase of a new facility in the US.
- Sado Steam Ship slips
Japan's Sado Steam Ship has posted a slightly higher loss in the first half of 2013.
- Great Eastern buys again
India's Great Eastern has added an MR tanker to its fleet as its renewal continues.
- SM wins KLC race
Korean construction group Samra Midas (SM) is the new buyer of bankrupt shipowner Korea Line Corp (KLC).
- Hapag back on track
German container line Hapag-Lloyd has returned to profit in the second quarter as costs were reduced.
- Moody's cuts steel outlook
The dry bulk sector has been dealt a psychological blow after Moody's cut its outlook for the Asian steel industry to negative.
- Italians back at Wehai
Italian shipowners Givanni Visentini and Mariano Pane have reportedly returned to China to order more handysize bulkers.
- Ezion numbers surge
Ezion Holdings has reported a bumper second quarter set of results and looks set to reward its shareholders.
- Yangzijiang profits dip
Yangzijiang Shipbuilding (Holdings) saw second quarter profits dip by 8%, but has added $1bn worth of orders so far this year.
- Nyborg-led fund strikes
IPSA Capital, a new shipping equity fund led by Klaus Nyborg, is reported to have made its first acquisitions.
- DHT losses deepen
Tanker owner DHT Holdings has slumped further into the red in the second quarter of 2013 as it continues its turnaround.
|AUGUST 7, 2013|
- Swift buys refrigerated carrier for $225 million
- Port Authority of NY/NJ will start dray truck ID system
Starting Aug. 19, trucks entering the secure area of a marine terminal in the Port of New York and New Jersey, must be registered in the port's drayage truck registry (DTR) and authorized to conduct business at port authority terminals.
- Hapag-Lloyd, NOL results reflect lower freight rates
Hamburg-based Hapag-Lloyd said it had a group profit of 20.9 million euros ($27.8 million) in the second quarter of 2013, while NOL of Singapore, parent of APL, had a loss of $35 million in the second quarter of this year.
- C.H. Robinson acquisitions bring steep revenue rises
In the second quarter, the Eden Prairie, Minn.-based logistics services provider saw total revenues shoot up 11.3 percent, year over year, finishing the period at $3.29 billion. For the year, revenues are up 14.1 percent.
- 2Q earnings inch up at YRC
- U.S. trade deficit drops sharply
U.S. exports in June reached an all-time high of $191.2 billion, helping to narrow the trade deficit by 22 percent from May to $34.4 billion and possibly boost estimates for second quarter growth, according to the Commerce Department.
- EPA sets biofuel requirements
- Making LTL loads more desirable for carriers
- Commerce secretary planning Mexico trade trip
- Nairobi airport fire disrupts flights
- ARC expands U.S.-flag ro/ro service in the Atlantic
- Clean Cargo group adds members
|AUGUST 7, 2013|
- Fujairah prices hold firm
Tight avails reported at Fujairah.
- Brightoil starts bunkering in Zhoushan
Operations were set to start last month.
- Prices falling on weaker crude
Bunker prices in major European ports soft, bar LSFO in Hamburg.
- NOL books loss
But company says arrival of new, fuel-efficient ships supporting bottom line in tough market.
- US ECA: Owners encouraged to report non-compliant fuels
Enforcement agencies will 'take it into account' if ships report that sulphur tests were different from BDN.
- Singapore fuel oil inventories bulk up
But middle distillate stocks fall.
- Asian bunker prices softening
Offices in Singapore will be closed on Thursday and Friday.
- Hapag-Lloyd makes quarterly profit
Lower bunker prices supported its results.
- Tidewater profits slide
Higher operating costs eat into the bottom line.
- Buckeye posts jump in quarterly profits
Capacity expansion at BORCO terminal and fuel oil marketing business driving growth.