|AUGUST 20, 2013|
- China-wide July port box volume increases 8.4pc to 16.49 million TEU
- Suez truck access cut at Port Said, but ships flow by in record numbers
- August marks slower growth in logistics confidence, but prospects bright
- Southampton box shop rated best in UK for speed, 20th in the world
- MCC Transport offers Yangon weekly feeder loop to Port Klang, Singapore
- Regional Container Lines suffers US$4.2 quarterly loss after 2012 profit
- Maersk's Damco posts first half net loss of US$2 million, blames poor market
- EU appeals to WTO to rule on Chinese anti-dumping duties on steel tubes
- Transnet's weak showing earns CEO 42pc annual pay cut to US$714,354
- US Government asked to clear confusion over China's new imposed VAT
- Container leasing to grow more than 6pc despite bearish outlook: Drewry
- Chongqing-Xinjiang-Europe railway boosts trade in western region
- Australia's Victoria state allows truckers to move 2 FEU in one load
- Old 1935 'hours of work' article reads as if it were been written today
- Ministry of Civil Aviation says Cairo airport operating normally
- Chinese firms in high-speed mode to rebuild fire ravished Nairobi airport
- Man and woman pilots crashed UPS Airbus A300 during autopilot landing
|AUGUST 19, 2013|
- "K" Line (India) commences marine management services
- Asia-Europe spot rates see significant fall
- Maersk in slot share on China-Australia service
- Manzanillo ports second box terminal handles first vessel
- NATO & EU Force Commanders discuss counter-piracy operations off Somali coast
- Port of Salalah & Virginia International Terminals join forces
- JSW Jaigarh Port discharges first commercial rock phosphate shipment
- Kandla Port gets one more seafarers' centre
- Tanzania Ports Authority mandates ECTN coverage for all imports into country from Sept. 1
- Fieo lauds govt move to mobilise dollars from abroad
- IFFCO is not a public authority, does not come under RTI Act: CIC
- INR plunges to all-time low of 62.91
- Recent FEMA amendments explained
- Bachubhai Ahir elected President of Gandhidham Chamber of Commerce & Industry for 2013-14
|AUGUST 20, 2013|
- BNSF plans to improve and expand rail capacity
- Cargo volumes on the rise in Long Beach
- Damco - revenue increase but post tax operating loss
- Air Panama gets first B737-300QC
- Aeromexico receives first B787 Dreamliner
- Long HGVs travel more than 500 km per day
- Better prospects for Maersk
- Europa Worldwide bought by former RH Freight owner
- China Cargo Airlines mothballs last MD-11F
- Delays at Container Terminal Burchardkai
- Germany ratifies MLC 2006
- Xcell Logistic is new member of PPL Networks
- PIT compares 6x2 and 6x4 tractors
- Supervisory board chair change at Berlin-Brandenburg airport
|AUGUST 19, 2013|
- Siemens charters Esvagt's Havyard newbuilds
- Louisiana looks to help McDermott Morgan City workers
- Insurer launches new Inland Marine division
- T&T Salvage responds to oil platform fire
- GSA auctioning off survey ship
- Polarcus says more about WesternGeco suit
- Clarksons: "trading in line with expectations"
|AUGUST 19, 2013|
- Special Everett Port Board meeting to discuss replacing commissioner
- Grant funds help Port of Vancouver construct bike, pedestrian pathways
- Panama Canal Authority begins centennial countdown
- Longshore union backing Millennium Bulk Terminals
- Carlile taps Henri Legal as LTL/Facilities vice president
|AUGUST 19, 2013|
- Ferry collision focuses attention on Philippine carrier's safety record
Philippine Span Asia Carrier Corp has 51 casualties recorded
- Iran demands $1m for Indian tanker accused of pollution
Shipping Corporation of India vessel Desh Shanti detained despite protestations of innocence
- China Shipping Development losses nearly double
Weak margins and increased financial costs hit Chinese state giant
- Rupee's fall adds to Indian shipbreakers' woes
Market sent reeling by volatile currency exchange rates and unpredictable steel plate prices
- MLC takes its first step into the unknown
Long-awaited convention comes into force with questions still to be answered over its operation
- US vessels trading internationally urged to comply with MLC
Ports will inspect all vessels, not only those flagged in ratifying states
- Liberia brings MLC inspection in-house
Registry trains 180 inspectors to deal with MLC, with input from Mission to Seafarers
- Vancouver container throughput rises
West coast Canadian gateway is ahead by 2.7% on 2012 at 1,588,995 teu handled
- Northern sea route suffers a summer chill
NSR offers shorter distances but voyage times can still be hampered by thick ice after winter is over
- Spot rates slide again
But analyst says Maersk Line is better positioned than rivals to cope with declines
- UK slump in seaborne LNG imports favours shale gas development
Concerns raised over winter gas shortage as cargoes head for Pacific Basin instead
- World's largest boxship makes maiden European call
APM Terminals' Rotterdam facility ready to meet challenge of ultra-large vessels
- ReCAAP highlights more thefts in Manila Bay
Information-sharing group reports three incidents involving boxships in 17 days
- We should take pride in MLC
Shipping is the only major industry with such a comprehensive framework for acceptable standards of employment
- Maersk fleet replacement on hold despite profit recovery
Andersen says capacity sufficient to meet needs for several years
- Damco flips into red in second quarter
Freight-forwarding unit of AP Moller-Maersk posts after-tax net operating loss of $8m
- Clarksons reports flat profits
Despite 'challenging' outlook, company delivers resilient first-half performance
|AUGUST 19, 2013|
- Newbuilding orders surge 207% in July
NEWBUILDING orders totalled 335 vessels worldwide in July, up 207% from the 109 ships ordered in July 2012, Greek broker Golden Destiny said today
- BIMCO warns over monetary tightening
PROSPECTS of tighter monetary policy in the US and China are likely to outweigh economic development in Europe and looser monetary policy in Japan, BIMCO warned today
- Two-tug Alaskan tanker escorts codified
DOUBLE-hull tankers of more than 5,000gt will be required to use two tugs to escort them through Prince William Sound in Alaska, the US Coast Guard said today
- Cruise tax threat dismissed as 'unlikely'
SENATOR Jay Rockefeller's recent cruise tax proposals are "highly unlikely" to proceed, Wells Fargo analyst Tim Conder predicted today
- COSL, Norway settle on taxes
CHINA Oilfield Services Ltd and Norway's tax office settled their dispute over COSL Drilling Europe
- Clarkson's stresses finance opportunities
CLARKSON'S, the London-based shipping services group, said today it is trading in line with its expectations and sees finance opportunities despite a challenging maritime outlook
- Sonata starts takeover of Belships
SONATA, an investment company that is the biggest shareholder in the Norwegian drybulk and product tanker company Belships, today began compulsory purchase of shares
- CSDC losses nearly double
CHINA Shipping Development said today 1H13 losses nearly doubled year on year to 949M yuan ($154M), mainly because financial costs rose 80% and the bulk shipping sector remained depressed
- Box sector switch urged
BOX SHIPPING needs to switch from its asset-heavy, one-stop-shop approach to instead stress core services, a report urged today
- CSSC shuffles yard bosses
CSSC, ONE of China's two government-owned shipbuilding conglomerates, said today it has taken a first step in merging Guangzhou units
- KOMIPO signs coal deals with HMM and SW
KOREA Midland Power, part of Korea Electric Power, said today it has awarded a 400Bn won ($359M) contract of affreightment to compatriot shipping companies Hyundai Merchant Marine and SW Shipping
- MISC's profits fall 20.8%
MALAYSIAN carrier MISC's net profits fell 20.8% year on year in 2Q13 to 300.9M ringgit ($91.57M), as the depressed crude oil tanker sector hurt its earnings
- Ultrabulk raises forecast
ULTRABULK of Denmark today increased its forecast for full-year operating profits and said 1H13 net profits almost doubled year on year
- Breaking falls as rupee slides to historic low
BREAKING has almost ground to a halt in the Indian subcontinent, as the rupee slid to a historic low of 62 to the dollar, amid flat steel prices in the region
- Capesize rally boosts sales
THREE Capesizes were sold last week, as the surprising rally in the Baltic Capesize Index continues to encourage investment in the sector
|AUGUST 19, 2013|
- Japanese Exports to US Jump 18.4 Percent
Japan's exports to the United States rose for the seventh straight month in July on a year-on-year basis, surging 18.4 percent to ¥1.106 trillion ($11.3 billion), according to preliminary figures released by the Finance Ministry on Aug 19. The July jump in U.S.-bound shipments was led by autos, batteries and motors,...
- Asian Exports Expected to Surge
After contracting in June, total exports from Asia last month accelerated, and double-digit growth is likely in the months ahead, according to analysis by Nomura. The investment bank said total Asian exports excluding Japan fell 2.5 percent year-on-year in June, but July data from China revealed a rebound to 5.1 percent...
- Drewry: Cash-Strapped Carriers Returning to Core Services
Cash-strapped container carriers are retreating to port-to-port operations from door-to-door services, allowing freight forwarders to increase their ocean market share, according to industry consultant Drewry. Maersk's sale of its U.S. trucking unit Bridge Terminal Transport is the latest evidence that "a mixture of financial necessity and commercial reality is further forcing...
- Maritime Labour Convention 2006 to Enter Into Force on Aug. 20
The Maritime Labour Convention, an International Labour Organization agreement established in 2006 to embody all existing global maritime labor conventions and recommendations, is set to enter into force on Aug. 20. When the MLC enters into force, it will become binding international law for the first 30 countries with registered ratifications...
- Tso Joins Modern Terminals as CFO
Vivian Tso, Modern Terminals' new CFO.Modern Terminals has hired Vivian Tso as chief financial officer. Tso will lead Modern Terminals' next phase of development, according to the Hong Kong-based container terminal operator. Tso has experience in strategic development, joint ventures, acquisitions, shareholder communications and international business management. Prior to joining the group,...
- Index Shows Minimal Decreases in Truck Freight Capacity
FTR Associates' Shippers Conditions Index for June fell "only marginally" from the previous month to a reading of negative 8.1, reflecting a "relatively weak" freight environment, offsetting increased capacity constraints in advance of the hours of service implementation. The SCI is expected to remain in a tight range close to the...
- Recalls of Chilean Chicken Products Expanded
The U.S. Department of Agriculture's Food Safety and Inspection Service has expanded the amount of chicken products being recalled by the Chilean Ministry of Health. After official notification from the Chilean government of the positive result for dioxin in chicken products produced at a facility in San Vincente on May 30...
- Oakland Terminal Gates Reopen After Protest
Marine terminal gates at the Port of Oakland were beginning to reopen at noon Monday following a morning-long blockade by owner-operator truck drivers protesting slow turn times at marine terminals. Port spokesman Isaac Kos-Read said TraPac was the first of the five container terminals to reopen, and the Oakland Police Department...
- Tampa Port, CSX to Develop Reefer Transload Facility
Rendering of completed on-dock transloading facility that will accommodate a variety of reefer cargoes that will be delivered by ship to the Port of Tampa and then transported by train to the Midwest market.Tampa Port Authority has signed a letter of intent with Green Express for the development of an...
- Wallenius Wilhelmsen Logistics Expands Mexico Service
Wallenius Wilhelmsen Logistics has expanded its ocean transportation service from Veracruz, Mexico. Starting in September, WWL will offer two to three sailings per month from Veracruz to service the U.S. East Coast and connect with other routes. Service calls include the ports of Veracruz; Galveston, Texas; Brunswick, Ga.; Charleston, S.C.; and...
- Report: US Industrial Real Estate Market Reflects Positive Trending
The U.S. industrial real estate market performed "well" during the first half of 2013, highlighted by year-over-year increases in transaction volume and revenue in many markets, as well as a widely sustained positive outlook for the remainder of the year, according to John Morris, Cushman & Wakefield's leader of industrial...
- Confusion Over China VAT Dissipates; Fear of Abuse Lingers
WASHINGTON - The transportation and logistic industry's confusion about China's new value added tax of 6 percent appears to be dissipating, but there is still concern that some misguided or bad actors are taking advantage of shippers. The majority of the industry uncertainty about the tax concerns how it applies to...
- Rocket Science
If we can put a man on the moon, why's it so hard to fix the congestion at the Port of New York and New Jersey? It was a good question from a frustrated shipper, and two answers quickly come to mind. First, the 1960s space program had a virtually unlimited budget....
- NY-NJ Port Focuses on Fixing Problems That Make It 'Fragile'
When it's working right, the Port of New York and New Jersey is an effective gateway for one-third of the containerized cargo moving through U.S. East Coast ports. But when things go wrong they can really go wrong. That was demonstrated this summer, when computer problems at Maher Terminals set off...
- Recipe for Disaster: What Went Wrong at NY-NJ
A change in computer systems at Maher Terminals was the rock that started the avalanche, but it was only one of several contributors to this summer's delays at the Port of New York and New Jersey. The mess began on June 8, when Maher launched a new Navis N4 system designed...
- Extended Terminal Gate Hours at NY-NJ? Perhaps
The lines form at 4 a.m. or earlier. Port drayage drivers snooze, sip coffee or listen to music as they wait for gates to open at New York-New Jersey container terminals. They're there to beat the rush. With an early start, they have a better chance to pick up a load...
- BIMCO: Demolition Counterbalances New Ship Deliveries
Demand in the container shipping segment is "hobbling forward," as a "healthy level" of demolition counterbalances the inflow of new and larger ships, according to the BIMCO Shipping Market Overview & Outlook report for August. Demand was positive on the intra-Asia and trans-Pacific trade routes, as well as the Europe-to-Asia backhaul...
- UN Security Council Addresses Piracy in Gulf of Guinea
The United Nations Security Council has called for a comprehensive regional approach to combat the threat of piracy and armed robbery at sea in the Gulf of Guinea, urging its member states to prosecute perpetrators in accordance with international laws. "The Security Council expresses its deep concern at the reported number...
- Oakland's New Port Chief to Develop Action Plan to Boost Reliability
Over the past few years, delays and port shutdowns, sometimes caused by the International Longshore and Warehouse Union and sometimes by outside forces, have given Oakland a reputation as being one of the most unreliable ports on the West Coast. Work stoppages by longshoremen and gate congestion following a consolidation of...
- Damco Swings to Loss
Damco slumped to a second quarter loss of $8 million from a $28 million profit a year earlier, as lower ocean container traffic more than offset strong growth in its air freight and supply chain management operations. A.P. Moller-Maersk's freight forwarding and logistics unit also reported a 5 percent decline in...
|AUGUST 19, 2013|
- Owners fear fatal cargo
Bulker owners appear be growing increasingly concerned about the carriage of Indonesian nickel ore, a cargo that has been linked to nearly half a dozen deadly sinkings since late 2010.
- NCL wins a new fan
Norwegian Cruise Line (NCL) won a thumbs up on Wall Street as a leading analyst upgraded her rating on the company's shares.
- Great depressions relived
A wave of newbuilding investment this year means shipping risks reliving the painful depressions it experienced during the 1970s and 1990s, a new report claims.
- Cecon narrows loss
Norwegian offshore vessel operator Cecon has slashed its second quarter deficit as revenue jumped.
- DNB down on boxships
DNB Markets has dimmed its view for a recovery in the containership market.
- CSDC earnings slump
China Shipping Development Co (CSDC) has fallen to a deeper loss in the first half of the year as rates remained weak.
- A victory for Victor
A Greek civil court has given entrepreneur and shipowner Victor Restis what amounts to his first victory in the case against him for embezzlement and money laundering.
- Platou sees Suez spur
VLCC owners could once again benefit from dramatic world events should unrest in Egypt lead to the closure of the Suez Canal, RS Platou Markets says.
- Navig8 unit plans IPO
Navig8 is looking to raise $140m from a private placement to support a six strong product tanker order as the flurry of activity on Oslo's over-the-counter market continues.
- Platou's UK tanker dream
UK shop RS Platou LLP has kicked off its long-dreamed of tanker business with a four-strong dedicated team in its London office.
- Dry divide
Opinion is split as to whether a surge which saw capesize rates race up by over one third last week can be sustained.
- Hanjin Heavy chops loss
Korea's Hanjin Heavy Industries & Construction (HHIC) has returned to profit in the second quarter of the year.
- Samho down in Q2
Hyundai Samho Heavy Industries has fallen into the red in the second quarter of the year.
- Tidemand launches takeover
Sverre Tidemand has launched a mandatory takeover of Belships after a rights issue which divided the owning family forced his hand.
- Case cheers S&P
A stronger than expected showing from its sale and purchase department helped Clarksons to what chief executive Andi Case is calling a robust first half performance.
- Northern eyes new rigs
Northern Offshore says it might be looking to sell-off some of its existing rigs and invest in new tonnage.
- Temasek sells LNG stock
Temasek Holdings, the Singapore sovereign wealth fund, has surprised many by selling its stake in Cheniere Energy.
- Siemens takes two
Esvagt has secured a chartering agreement from Siemens Energy for the supply of two offshore wind service vessels.
- Kiani Satu refloated
Salvors have succeeded in refloating a general cargo vessel that went aground off South Africa earlier this month.
- Ugland bulker robbed
An LT Ugland handymax bulker has been targeted by robbers at the Samarinda anchorage, Indonesia it has emerged.
- Oiltanking sells stake
Oiltanking has agreed to sell a 45% stake of its Helios terminal facility in Singapore to Macquarie Capital.
|AUGUST 19, 2013|
- ITC continues trade investigation of oil pipe imports
"We are concerned that in using the trade laws to disrupt a number of legitimate, responsible and long-term supply relationships, the ITC has allowed domestic industry OCTG producers to misuse the trade laws again," AIIS warned.
- Johnson to stay as Port Miami director
- U.S. reiterates Japan's importance to trade deal
Emphasizing Japan has a large part in writing "the rules of the road" during TPP negotiations, the USTR chief said a strong relationship between Japan and the United States is critical to the success of the partnership.
- ILA to meet over Hampton Roads local contract
Harold J. Daggett, president of the International Longshoremen's Association, will meet with members of the union Monday evening. ILA members rejected the local contract by a vote of 520 to 483 on Aug. 12.
- Teamsters drop pursuit of AA employees
Teamster officials tie their decision to drop pursuit of the airline's mechanics to the Department of Justice's recent announcement that it will not approve the proposed merger between American and US Airways.
- Fralin switches from VPA to state transport board
- Jefferies: New ship orders could delay recovery
- Damco excels at air freight in first half
- XPO closes 3PD purchase
- C.H. Robinson names Aris European forwarding director
- FMC reviews 18 OTI license applications
|AUGUST 19, 2013|
- Authorities respond to diesel spill in South Carolina
Responders deployed two layers of boom to absorb potential release of diesel fuel.
- IFO prices display mixed trend in Fujairah
Cape Town had the biggest price gains on Monday.
- Bunker prices generally firm in Northwest Europe
Price changes in Europe mostly moderate.
- Regional energy giant readies new fuel oil terminal
Sinopec expects fuel oil storage tanks to become operational in October.
- IFO prices climbing in Asia
MGO prices also strengthened in most key markets.
- NYK looking for deeper cuts in sailing speeds
Japanese shipping giant wants further cuts in bunker consumption.
- Monjasa expands American office
Hires three traders to 'ensure that the growth can continue'.
- Bangladesh Shipping Corporation modernising fleet
Old ships are becoming more expensive to operate with rising fuel and other costs, says Managing Director.
- Reports: Bunker fuel drifts from scene of fatal collision
Leak coming from wreck of the ferry MV St. Thomas Aquinas.
- China approves Zhoushan LNG bunker project
$780 million facility to be build by ENN Energy Holdings.
- Link between sea state and ship fuel consumption analysed
Study will be able to reduce bunker consumption of vessels, says authors.
- MISC profits below market expectations
Despite fall in bunker costs.
- Talks continue for disposal of Titan Quanzhou shipyard
With intention to dispose 95% of shares in Titan Quanzhou shipyard to Grand China Logistics.