|AUGUST 19, 2013|
- Asia-Europe rate slides to US$1,334/TEU - Transpac slips to $1,942/FEU
- OOCL increases north Europe to St Petersburg rate US$100/TEU
- LA's loss is Long Beach's gain as July San Pedro Bay volume rises 2.3pc
- Port of Hamburg first half container volume up 2pc to 4.5 million TEU
- Maersk Line's new 18,270-TEUer, Majestic Maersk, calls at Ningbo
- OOCL has strong balance sheet, ready to order more fuel-efficient ships
- Economists' survey shows weakening of global economy in third quarter
- Fuzhou's Qingzhou Container Terminal volume up 11.1pc in first 7 months
- China's July rail freight volume falls 16pc as great white hope fades
- China, Singapore take top spots in UNCTAD shipping connectivity index
- Rizhao port 7-month container volume up 16.5pc to 1.18 million TEU
- Asia railway conference to be held in Kuala Lumpur from September 10-12
- ILA and USMX issue joint statement giving union jurisdiction on chassis
- Shrinking no-vote prevails as ILA dockers reject Virginia local contract
- Port of Portland hits back at ILWU lawsuit describing it as 'misleading'
- Forwarder association seeks to fast track Sino-Russian rail links
- DB Schenker Logistics opens new hub in Belgium to enhance Euro links
- American-US Airways merger hits antitrust suit from Department of Justice
- Cathay Pacific, retires old planes, cuts capacity to build profitability
- Even India's PMO unable to move US$64 billion air cargo project forward
|AUGUST 16, 2013|
- Committee Maritime-India formed
- International Bunkering moves Mumbai office to new location
- Iran insists detention of Indian ship non-political
- Kerala to develop integrated multimodal transport system
- Maersk Line profit nearly doubles in Q2 2013
- Reliability of delivery seen as more important than speed
- Shreyas Shipping & Logistics celebrates a significant landmark with the trade
- Suez Canal operations remain unaffected for now
- Exports back on track but reforms & support should continue: Fieo chief
- Tea exporters hopeful of gaining from falling rupee
- I-Day at Adani Port
- JNPT celebrates I-Day
- KPT celebrates 67th Independence Day
- Unions seek govt intervention for Cochin Port revival
- ICD-Khodiyar marks 67th Independence Day with tree plantation drive
- Railways revenue earnings up 10.74 pc during April-July
- Forex reserves rise by $1.43 bn to $278.6 bn
- INR plunges & breaches the 62 mark, ends lower at 61.66
- CEE appoints Reshamsingh Group in India
- GPLNs Heavy Transport & Lifting Course
- Oversized cold box transported in Bulgaria by Holleman
- Purpose-built vessels seen challenging traditional heavy lift ships in offshore wind farm sector
- XL Projects adds new representative in China
|AUGUST 19, 2013|
- US-based MRO provider to establish sixth facility
- Operation migration to CP Cargo Terminal
- Russian Railways Logistics delivers oversized cargo
- Ceva Logistics introduces e-AWB
- Eurogate going even greener
- Record-breaking day for port of Rotterdam
- CH Robinson emphasizes business in Europe
- WWL increases ocean service from Mexico
- PGT Trucking acquires Liedtka Trucking in USA
- Appointments for Contship's La Spezia and Cagliari terminals
- Loxx partnering Militzer & Münch in Turkey
- Hanjin sails further into the red
- CargoServ orders first Vectron locomotive
- Higher revenues in spite of lower volume in Vienna
- Aus EADS wird Airbus
- Die Hochsaison wird abgesagt
|AUGUST 16, 2013|
- Cammell Laird christens first newbuildings in 20 years
- Polarcus faces patent infringement suit
- PNSY completes SSN 720 PIRA off-yard
- Gaslog paying less for two additional LNG newbuilds
- Electric Boat gets $11.99 million mod to Virginia contract
- Maersk Line profits grow
- ABB systems chosen for cylindrical accommodation vessels
|AUGUST 16, 2013|
- Washington Senators announce Maritime Goods Movement Act
- Rail freight traffic count up/down during week
- Matson Navigation, Logistics net Quest for Quality awards
- Port of Vancouver, USA honors maiden voyage vessel
- Inchcape taps Sigmund Rismyhr as manager for Central America
|AUGUST 16, 2013|
- Ferry with nearly 700 passengers sinks in Philippines
Collision between aged cargo ship and ferry kills at least 17 people while hundreds remain missing
- Libya threatens to bomb tankers lifting unauthorised crude
Six tankers are currently at Libyan ports, with a further tanker waiting in Libyan waters
- China reviews VAT regime after complaints
Beijing seeks to improve tax codes after outcry from domestic and foreign players over higher financial burden
- Maersk outperforms rivals with bumper second-quarter results
Cost cuts of $892m enable world number one box line to ride out poor market conditions
- Maersk results please investors
Danish shipping and oil group's shares lifted to their highest in over a year
- Ultrabulk profits leap
Dry bulk operator says it has maintained a long-term cargo book with solid counterparts
- Maersk Tankers suffers second impairment
Second-quarter $280m impairment follows $268m charge reported in third quarter of last year
- Hamburg box volumes up 2% in first half
Germany's leading container port sees throughput of 4.5m teu
- Maersk establishes fifth division
Services & Other Shipping unit aims for annual net profit after tax of $0.5bn by 2016
- Flag states must be ready for MLC so that shipowners can be, says ILO
Some ratifying states are yet to publish any form of guidance for shipowners
- MLC proves problematic for shipping, says IMEC
Flag states have been too slow to offer guidance but a level playing field is welcomed
- July is Los Angeles' best month so far
But volumes still remain lower than those seen last year
- Skaugen remains optimistic on Middle East chemical and gas trades
Group posts $4.5m second-quarter loss
- No-shows still a problem for box lines
Phantom bookings are a "major headache" for ocean carriers, says Drewry
- Suez Canal transits continue as normal despite Egypt uprising
Operations 'running smoothly' as national state of emergency declared
- Pacific Basin lands $51m Japanese export credit for two newbuildings
Finance for handymaxes follows $85m loan for four ships from Bank of Tokyo Mitsubishi
- DSME records higher operating profits in second quarter
But net profits of South Korean shipbuilding giant fall on non-operating losses
- Kuehne+Nagel names new chief
Former Schenker AG board member Detlef Trefzger to head logistics firm
- It's not easy being green
Maersk Line's Jacob Sterling talks about developments in eco-nomics
- Giving the customers what they want
Shipowners today have very different demands when ordering a new vessel
- GasLog hints at further growth as BG ships confirmed
Owner clinches double LNG order backed by seven-year charters
|AUGUST 16, 2013|
- APM's group profits fall 11%
DENMARK'S AP Møller-Maersk conglomerate today reported a fall in 2Q13 net profits, on weakness in its oil & gas and logistics units and at Maersk Tankers
- Tanker owners risking 'buyer's remorse'
McQUILLING Services has expressed caution and surprise at the rise of tanker ordering during the first seven months of this year
- APM combining several units
MAERSK Tankers is to be combined with towage unit Svitzer, logistics arm Damco and other service units in a single new division, parent AP Møller-Maersk said today
- Mercator's profits fall 42%
MUMBAI'S Mercator shipping conglomerate today reported a 42% fall in year on year net profits over April-June, to 99.7M rupees ($1.62M)
- Switch proposed from US harbour tax
BOXES BOUND for the US diverted through Canadian and Mexican ports could be reclaimed by US ports with a new user fee, two lawmakers have proposed
- Crude cargoes from Manitoba proposed
A DENVER group plans to transport Canadian crude cargoes from a Manitoba port to Europe, IHS World Markets Energy reported today
- Sainty Marine's profits soar for 1H13
SHENZHEN-listed Sainty Marine said today its profits soared 96% year on year in 1H13, mostly on interest income and the shipbuilder's expansion into non-shipbuilding businesses
- Capesize rates hit high
STRONG Chinese iron ore demand and a typhoon in South China today pushed Capesize rates to a 2013 high
- Lauritzen sees deeper losses
J LAURITZEN today warned that losses will be much deeper for this year than in 2012
- Pacific Basin gains $50.9M loan for two newbuildings
HONG KONG-listed Pacific Basin Shipping said today it had secured a $50.9M loan to finance the building of two Handymax bulkers
- Andersen hails Maersk's edge in sector
MAERSK Line outpaced profits of other box shipping companies in 2Q13 and met its own target in EBIT margin for third consecutive quarter, the CEO of parent APM said today
- CSSC's orders rise 133.3%
CSSC, one of China's two largest shipbuilding giants, said newbuilding orders surges 133
- Full-year HMD losses seen
HYUNDAI Mipo Dockyard's surprising 2Q13 losses have suggested that the South Korean shipbuilder might bleed red ink for the full year, said analysts today
- CNOOC to build China's first FLNG unit
CHINA's first floating LNG terminal project in Tianjin has won government approval, CNOOC Gas & Power said
- BW selling decade-old VLGCs
BW GAS is reportedly selling at least three VLGCs that were built in the early 2000s, brokers told Fairplay today
|AUGUST 16, 2013|
- Ports Urged to Plan Ahead for Power Needs
Port authorities should be preparing now for the demands they will make on local power grids as terminals automate their operations and shipping lines plug their vessels into shore-side electrical power while at berth. The ports of Los Angeles, Long Beach and Oakland on Jan. 1, 2014, will provide the industry...
- BNSF Railway Details Capital Investments in Montana and North Dakota
BNSF Railway has allocated $115 million for Montana and $220 million for North Dakota for maintenance and rail capacity expansion projects this year. BNSF will expand capacity in Montana by building three new unit train staging tracks about three miles east of Glasgow and will add machine vision technology at Miles...
- California Air Resources Board Fines Three Shipping Firms
The California Air Resources Board has fined three international shipping companies a combined $440,250 for failure to switch from bunker fuel to low-sulfur marine distillate fuel upon entering regulated California waters, as required by state law. "Ships en route to California ports emit thousands of tons of diesel exhaust each year,"...
- US Intermodal Traffic Growth Accelerates
U.S. intermodal volume for the week ending Aug. 10 saw a 6.1 percent increase year-over-year, according to the Association of American Railroads, up from 2.4 percent growth in the week of July 27. Combined North American carload volume for the three North American Free Trade Agreement partners rose 1.7 percent from the same...
- HMT Replacement Plan Responds to Washington Ports' Loss of Market Share
Change in market share of the ports of Tacoma and Seattle, 2007 to 2012. Full-size image Legislation being introduced by Washington state's two U.S. senators to replace the Harbor Maintenance Tax with a new levy on U.S. containerized imports reflects a stark reality: Washington's two container ports, Seattle and Tacoma, have for years...
- Livingston International Names Preston CEO
Livingston International has appointed Steven C. Preston as its new CEO, effective immediately. Preston will lead the next phase of Livingston International's evolution, building on the momentum achieved by Livingston's management team under the leadership of Peter Luit, according to the North American customs broker. Preston succeeds Luit, who is retiring from...
- Baltimore Customs Intercepts Chicken Skeleton Shipments
The seven cases of intercepted chicken skeletons from China appeared to be intended for display or educational purposes.Baltimore U.S. Customs and Border Protection officials have intercepted seven shipments of uncertified chicken skeletons from China. According to the U.S. Department of Agriculture, China is considered to have present highly pathogenic avian influenza,...
- Shipping's Chain Reaction
Just when it appeared that some rate level improvement might be in the offing, especially in the pivotal Asia-Europe trade, recent reports reveal that rates fell again in early July. Rates had been on the upswing, and increases announced to take place on July 1 seemed to be holding. Always in...
- Ocean Carrier Rate Revision Roundup for Aug. 16
Major container lines have announced rate increases for a variety of trades, as detailed below, slated to take effect in August, September and October: Intra-Asia Four carriers implemented rate hikes on Aug. 15: APL increased rates in its trade from South Korea to Nhava Sheva and Pipava, India, by $50 per 20-foot container,...
- Congress Faces Tough Fiscal Decisions on Infrastructure
Lawmakers are running out of tricks to prevent a looming bankruptcy of the Highway Trust Fund, and shippers and transportation operators need to prepare for the nation's ailing surface transportation network, so critical to the movement of their goods and materials, to grow even worse. Last year, legislators scrambled to find...
- SCFI: Shanghai-to-US Spot Rates Show Further GRI Erosion
Spot container rates to the U.S. East and West coasts measured by the Shanghai Containerized Freight Index for the week ending Aug. 16 show further erosion of the Aug. 1 ocean carrier general rate increase of $400 per 40-foot container to the U.S West Coast and $600 to the East...
- SCFI: Shanghai-Europe Spot Container Rates Slide
Spot container rates from Asia to Europe measured by the Shanghai Containerized Freight Index slid further in the week ending Aug. 16. This was the steepest week-to-week decline in 13 weeks in the northern Europe trade and in 18 weeks in the Mediterranean. "Clearly, there is a disconnect between claims of...
- APM Terminals' Profit Rises Despite Flat Traffic
APM Terminals boosted second quarter operating profit to $179 million from $160 million a year ago even as traffic stalled in a growing global market. A.P. Moller-Maersk's port arm handled 9.1 million 20-foot-equivalent units in the three months through June, unchanged from the same period in 2012, as lower activity in...
- Drewry Trans-Pacific Benchmark Falls $100
Drewry Container Rate Benchmark, Aug. 14, 2013 Full-size image Average eastbound spot container rates in the trans-Pacific lost half of the $200 per 40-foot-equivalent-unit increase gained as the result of a planned Aug. 1 rate increase. The $200 that carriers had achieved was just 50 percent of the proposed peak-season surcharge of $400...
- LA-LB Container Volume Increased 2.3 Percent in July
July container volume at the Port of Long Beach (shown above) totaled 562,166 TEUs, up 7.6 percent.The Los Angeles-Long Beach port complex's total container volume in July was 1.3 million 20-foot-equivalent units, rising 2.3 percent from 1.2 million TEUs in July 2012. Loaded containers moving through the nation's largest port...
- Pilot Program to Test Importing Fruit Through Florida Ports
State and federal agencies are working to finalize a pilot program to bring grapes and blueberries from Peru and Uruguay into Florida's Port Everglades and PortMiami, starting in October. The permit to proceed is expected to be approved this month. Current regulations dictate that grapes, blueberries and other perishables must first be...
- Roadrunner Acquires TA Drayage
Roadrunner Transportation Systems has acquired certain assets of the U.S. Southeast drayage division of Transport Corp. of America, an intermodal transportation provider in the Southeast, for about $1.2 million. The acquisition was financed with cash on hand from Roadrunner, No. 15 on the JOC's list of the Top 25 Less-Than-Truckload Carriers....
- Cost-Cutting Helps Maersk Line Nearly Double Profit
Maersk Line almost doubled its second quarter profit as above-target cost cuts, buoyed by lower fuel prices, more than offset sluggish growth in container volumes and a double-digit decline in freight rates. The world's largest ocean carrier posted a net operating profit of $439 million in the three months through June,...
|AUGUST 16, 2013|
- NNA torches rumour
Navios Maritime Acquisition Corp has poured cold water on rumours that it is selling an ageing VLCC to Chinese trading conglomerate Sinochem.
- Rumour divides market
Sale-and-purchase brokers were scratching their heads Friday following unconfirmed reports that a leading Chinese energy conglomerate may have acquired an ageing VLCC from Angeliki Frangou's Navios Maritime Acquisition Corp.
- WB in the black
Norwegian bulker operator Western Bulk managed to eke out a profit in the first half of 2013 despite a chronic downturn that continued to plague its core markets.
- Cargill takes three
Cargill has increased its period chartering activity just as dry-cargo rates started moving in the right direction.
- Nickel ore claims another
Trans Summer, the one year old 56,824-dwt bulk carrier which sank off Southern China earlier this week, was a carrying a cargo of Indonesian nickel ore TradeWinds understands.
- Eagle CEO's pay clipped
For the first time ever disgruntled shareholders have succeeded in capping the pay of shipping company executives in the US.
- Libya threatens ships
Libya has threatened to bomb ships if they approach its ports without a contract to pick up oil.
- Chat circles Greek VLCCs
Dynacom of Greece is rumoured to be selling a series of modern VLCCs to a joint venture backed by PDVSA.
- Diana stretches Thetis
Diana Shipping has signed a period deal for a panamax bulker at the centre of a pollution row in the US.
- Ultrabulk boosts profit
Ultrabulk has recorded an improved first half profit amid expectations of further newbuilding investment.
- The best or worst of times?
We take a look at what was said in the market over the past week.
- Maersk hits year high
A stronger than forecast profit from Maersk Line sent shares in parent AP Moller-Maersk racing to the highest level in a year today.
- Jaya's surprise dividend
Jaya Holdings' decision to hand a generous pay out to shareholders has taken the Street completely by surprise.
- Clipper VL deals in doubt
TradeWinds digests the digits making the headlines this week.
- MISC falls in the second
Malaysian shipowner MISC has booked a drop in profit for the second quarter as revenue fell.
- Maersk Tankers protected?
AP Moller-Maersk has hatched a plan which aims to return its tanker business to profit and improve the showing of its smaller business units.
- BW plots IPO path
BW Gas is preparing an initial public offering (IPO) half a decade after the Sohmen-Pao family took the company private.
- Maersk Line aids Moller
AP Moller-Maersk reported a big drop in second quarter results Friday with pre-tax profit down 28% to DKK 8.9bn ($1.5bn).
- Sales boost Swire Pacific
Swire Pacific's marine division has reported a 71% increase in interim profit thanks to a number of vessel disposals.
- Svitzer to the rescue
Svitzer has secured the contract to provide the bulk of emergency towage services in Australian waters.
- PB seals Japan credit
Pacific Basin said Friday that it had secured export credit financing for two handymax vessels on order in Japan.
- GasLog books two more
GasLog, the Peter Livanos gas carrier owner, has ordered two more LNG carriers at Samsung Heavy Industries.
- Suez unaffected
The Suez Canal has not been affected by the state of emergency declared in Egypt according to shipping agency GAC.
|AUGUST 16, 2013|
- K+N taps Trefzger as CEO
Detlef Trefzger has been promoted to chief executive officer of global freight forwarder Kuehne + Nagel International after having joined the company just five months ago as executive vice president of contract logistics, the company announced Thursday.
- Senators seek fee to replace harbor maintenance tax
Senators Patty Murray and Maria Cantwell are proposing to replace the tax with the "Maritime Goods Movement User Fee," which would apply to all entry points for U.S.-bound cargo, with proceeds going toward port upkeep.
- DPD outfits drivers with Honeywell scanners
- Europe asks WTO to look into Chinese duties
The formation of a WTO panel to look into the anti-dumping duties will be discussed at the organization's meeting on August 30. Chinese officials are allowed to block the request at the meeting, but the EU can bring up the issue again.
- Liner operations a 'bright spot' for A.P. Moller-Maersk
- Suez Canal remains open amid Egypt unrest
The Suez Canal Authority said 68 ships crossed the canal with a record total load of 4.8 million tons on August 9, but concerns are rising about the impact of the Egyptian unrest.
- Truck freight volumes rise in July, bucking trend
Freight volumes in July rose by 0.5 percent compared to the previous month, something not seen since 1996. Historically, the month-to-month freight result has averaged a 20-percent decline.
- U.S. inspectors seize illegal Land Rover shipments
- Domestic rail shows slight decline
- Hamburg port volumes continue upward in 1H
- Executive moves
|AUGUST 16, 2013|
- Weekly global market update
A weekly price round up from bunkering hubs around the world.
- Fuel prices end week higher in the Americas
Demand was said to be poor in Houston on Friday.
- Combined effort needed for South African bunker sector to flourish
'There are plenty of compelling reasons for the bunkering industry to flourish in such an ideal environment,' says Amoil Director.
- Aegean to announce earnings on Monday
Shares of firm opened strongly on Friday.
- ABB to supply propulsion transformers to Chinese shipbuilder
Compact dry-type transformers offer 'high efficiency and reliability' due to fewer moving parts, as well as lower noise levels and weight.
- Dan-Bunkering welcomes new bunker trader
Vestergaard began his career with Dan-Bunkering back in 2003.
- Prices display mixed trend in Fujairah
South African prices firming.
- Russian supplies strengthens its Black Sea presence
Gazpromneft Marine Bunker deploys another bunker tanker.
- Prices soften in Northwest Europe
But Mediterranean prices firming.
- Lower bunker bills behind surge in Maersk Line profits
Container shipping giant's Q2 results 'knock you off your chair'.
- Asian bunker prices end week without clear direction
'Average to 'slightly above- average' demand seen in Singapore.
- Manufacturer confirms use of valves on LNG-fuelled ferry
Bestobell 'continually pushing the boundaries' in valve design and technology, says spokesman.
- Vessel arrested in Indian port
KTB alleges there are outstanding debts on a bunker stem made in the South Korean port of Masan.
- Minister in bunker row accused of double standards
Spanish legislator turns spotlight on operations in northwest Spain.
- Chinese domestic supplier swings to loss in Q2
Due to increase in cost of revenue, operating expense and interest expense, says Andatee.
- Israeli shipping firm tests bunker analysis tool
Petro-Marine XRF could be installed across its fleet.
- Wartsila files patent for pipe to LNG bunker tank connection
Patent will feature a bellows-like structure to absorb movement in piping system.
- GasLog orders more tri-fuel newbuildings
Vessels will feature 'fuel saving devices that make them extremely efficient', says CEO.
- VTTI Malaysia terminal to complete upgrade in Q1 2015
Expansion includes 250,000 mt capacity of storage and new berth for aframax tankers.