|AUGUST 21, 2013|
- More tainted New Zealand dairy imports prompts wider China ban
- Riga terminal's auto-RFID box handling system boasts 40 moves per hour
- Hebei ports volume up 16pc to 500 million tonnes in first seven months
- Zhanjiang port's half year container volume up 11pc to 159,000 TEU
- Guangxi half-year volume growth slows to 5.3pc, but boxes up 15.7pc
- HK's Modern Terminals appoints Vivian Tso as chief financial officer
- China's Huawei and ZTE to set up US$1.6 billion mobile network in Ethiopia
- Singapore unveils ambitious master plan to double air, sea capacity
- Dimerco sponsors Taipei CSCMP conference on resilient supply chains
- Wallenius Wilhelmsen taps into Mexican exports, ups sailings from Veracruz
- Sigmund Rismyhr to join ISS as new Central America general manager
- Project cargo training to be held in conjunction with Breakbulk Americas
- Cathay Pacific posts 1.9pc decline in July air cargo to 122,920 tonnes
- US investigators say crashed UPS plane had 7-second warning before impact
- Air China's cargo volume down 3.6pc in July as fuel prices rise
- India moves to open first aviation university to meet demand for air crew
- Leipzig airport bucks global trend, up 3.7pc in first half to 513,275 tonnes
|AUGUST 20, 2013|
- Changing northern hemisphere peak season making it harder for carriers: Drewry
- Fourth consecutive month of decline for China's Logistics Prosperity Index
- Imports from Pakistan shrink due to weak rupee
- Bahri Tabuk inaugurated on occasion of maiden voyage from Mumbai Port
- CONCOR Directors visit Gujarat Pipavav Port
- Major Ports box throughput down in April-July
- Dedicated warehouse for Hero MotoCorp commissioned at Adani Logistics Park, Gurgaon
- Railways' commodity-wise freight revenue up 7.90 pc in April-July
- Parliament passes historic Companies Bill 2012
- Infrastructure Update
|AUGUST 21, 2013|
- Etihad Rail signs MoU with Swiss logistics provider Bertschi
- Nairobi airport operating normally again
- TX Logistik tests train between Gyor and Salzgitter
- DHL Express inaugurates new logistics centre in St...
- PortMiami director to continue
- New US stations for IAG small freight collection
- No peak season lift for transpacific rates
- UK: careless truck drivers to be punished more severely
- XPO Logistics finalizes acquisition of 3PD
- Shipping Australia welcomes new commander to the helm
- UNCTAD publishes liner connectivity index
- Air Tahiti Nui modernizes IT with Champ
- Swisslog presents mixed bag of results for H1/2013
- 50,000th Fuso Canter truck sold in Australia
- Deutsche Bahnanschlüsse
- Kurz vor dem Abheben
|AUGUST 20, 2013|
- KKR forms $580 million Maritime Finance Company
- BAE Hawaii gets another $12.8 million for DDG 90 repairs
- Bollinger Shipyards delivers seventh Sentinel Class cutter
- Seatankers takes delivery of third PSV from Zhejiang
- Bahri joins MOU studying Saudi super yard
- Port of Long Beach cuts air pollution
- Floatel orders another semi from Keppel FELS shipyard
- Last Avondale-built LPD completes builder's trials
|AUGUST 20, 2013|
- ATA Truck Tonnage Index down during month of July
- Port of Pasco taps Bouten as GC/CM for airport project
- Mitsui vessel rescues stranded fisherman
- BNSF eyes $125 million for Washington rail upgrades
- Maritime Labour Convention goes into force today
|AUGUST 20, 2013|
- Diplomatic channels open to secure Desh Shanti release
Media claims that detention was politically motivated are 'distorted', says Iran
- North Sea aframax earnings climb $4,000 overnight
Earnings at highest level since mid-April
- Navios Acquisition sees revenues surge from expanded fleet
Angeliki Frangou says tanker owner stands ready to do more deals
- China Shipping Development targets overseas product tanker markets
State giant takes advantage of increased Chinese exports to Southeast Asia
- StealthGas posts weaker profits
Chief executive Vafias hails new deals as owner withdraws from spot market and seeks more period charters
- Philippines ferry deaths are bound to happen eventually
There are statistical consequences to carrying 50m passengers per year
- Korean Register in tie-up with state financier
Move to counter effect of industry downturn
- Maersk Line upgraded to 'outperform'
Second-quarter results were 'little short of spectacular', says analyst Macquarie
- Woodside pushes ahead with floating LNG for Browse export project
Shell design being used
- GasLog posts strong second-quarter profits
Newbuilding deliveries ratchet up revenues for LNG specialist
- James Fisher sees profits rise as offshore oil division strengthens
Operating profits rise 11% to £22.2m
- Structural change could signal Hapag-Lloyd IPO
Flotation bid and merger option still some way off for German owner
- Navios eyes more deals as first HSH ships are transferred
Navios Partners given 5% slice of newly formed Navios Europe
- Cebu declares state of emergency
Oil spill from cargoship and ferry collision reaches shorelines of villages in Cordova
- Laden capesize buckles after grounding outside Richards Bay
Seventeen-year-old bulker was only minutes into a voyage taking coal to China
- Belships board rejects chairman's takeover bid
Owner raised funds for newbuildings through share issue deal with Sonata
- Aegean hikes profit in second quarter
Lower sales outweighed by reduced costs and lower losses on vessel disposals
- Hyundai Merchant Marine signs $174m deal to ship coal
South Korean line lands contract of affreightment for Korea Midland Power
- Brazil oil investment to boost tanker trades
Five-year bid to become major player provides opportunities to tanker owners
- Sembcorp plans Saudi Arabia shipyard
Feasibility assessment starts
|AUGUST 20, 2013|
- Navios Europe launched
ANGELIKI Frangou's Navios Group today announced forming Navios Europe, a new entity that will acquire distressed tonnage from HSH
- Spill spreads in deadly Philippines disaster
LOCAL authorities in the Philippines have declared a "state of calamity" as oil spilling from the sunken ro-pax St Thomas Aquinas spread today to towns near Cebu
- StealthGas shares sink on earnings miss
NASDAQ-listed StealthGas today reported quarterly earnings that disappointed both Wall Street investors and founder Harry Vafias
- TMSC expanding into crude and LNG
SHANGHAI-listed box carrier TMSC said today it plans to order 10 VLCCs and four LNG carriers
- Lithuanian Shipping's losses 1H13 deepen
LITHUANIAN Shipping said losses totalled 9.8M litas ($3.79M) in 1H13, deeper than 8.3M litas year on year
- Nanjing's port profits drop by 27.8%
SHANGHAI-listed Nanjing Port said it had net profits of 16M yuan ($2.6M) in 1H13, representing a 27.8% year on year drop
- PETRONAS ships move shocked MISC
MISC HAS said it was stunned by the decision of its parent PETRONAS to build its own fleet
- GasLog touts prospects
NYSE-listed GasLog today reported higher profits on a larger fleet and confirmed a rising preference for fuel-efficient tonnage versus older vessels
- Aegean falls short
BUNKER supplier Aegean Marine Petroleum Network has reported lower adjusted profits on weaker margins
- COSCO International's 1H profits fall 44%
HONG KONG-listed COSCO International's profits dropped 44% year on year to HK$130.9M ($13.4M) in 1H13, due to weak demand for shipping services
- COSL's profits rise
CHINA Oilfield Service said today its 1H13 net profits climbed to 3.18Bn yuan ($520M), a 32.6% year on year climb
- 5 migrants feared dead
RESCUERS today saved 106 migrants from a smuggling vessel swamped 120nm off Christmas Island, but a search has been suspended for up to five victims
- Hainan Strait profits cut by one-third
SHENZHEN-listed Hainan Strait Shipping said its net profits dropped 34.63% year on year in 1H13, to 67.21M yuan ($10.9M)
- Formosa to invest $1.15Bn in Oz scheme
TAIWAN'S largest private group, Formosa Plastics, has agreed to invest $1.15Bn in the Iron Bridge metals scheme in Australia
- Offshore stays 'neutral'
THE RATING for Singapore's oil and gas services segment remains 'neutral', as players delivered mixed results for 2Q13, DMG & Partners said today
|AUGUST 20, 2013|
- ILA, Virginia Employers Resume Local Talks
International Longshoremen's Association President Harold Daggett and other ILA officials met with employer representatives Tuesday in an effort to reach agreement on a local contract covering about 1,650 dockworkers in the Port of Virginia. Although the ILA and United States Maritime Alliance ratified a coastwide master contract last April, supplemental local...
- Australia's Merchandise Imports Jumped in July
Australia's international merchandise imports in July totaled A$22.0 billion (about US$20.0 billion), a jump of 20 percent from $18.3 billion in June, according to the Australian Bureau of Statistics. In seasonally adjusted terms, goods imports rose 5 percent between June and July to $21.5 billion. Intermediate and other merchandise goods increased...
- ALAN Founder, Terminal Chairman 'Jock' Menzies Dies
John T. "Jock" Menzies III, a Baltimore warehousing executive who turned his logistics talents to global disaster relief, helping hundreds of thousands of people survive in the wake of earthquakes and hurricanes, died Aug. 17. He was 69. Menzies was fatally injured in an accident on his own property in Arnold,...
- ILA Expresses 'Solidarity' With New York Port Drivers
The International Longshoremen's Association said it is in "full solidarity" with owner-operator container haulers who have suffered "undue hardship" during this summer's operational delays at the Port of New York and New Jersey. "These independent port drivers, whose livelihoods are based on the number of moves they make, were subjected to...
- Protests Again Disrupt Oakland Port Operations
All of the marine terminals at the Port of Oakland were back in operation by mid-morning Tuesday following more trucker demonstrations and a claim by dockworkers that the trucker pickets presented a health and safety issue at one of the terminals. Harbor truckers are angry about delays at Oakland marine terminals...
- South Carolina Ports Authority Posts Revenue Growth
South Carolina Ports Authority reported its revenue in fiscal year 2013, ending June 30, 2013, was $140.49 million, up 7 percent year-over-year from $130.95 million. The SCPA's fiscal year 2013 operating expenses totaled $127.77 million, leaving operating earnings of $12.72 million, a net gain of $5.45 million from the previous year. "Given...
- Trucking Profits in Slow-Paced Recovery
Top 50 Truckload Carriers 2011-2012 Full-size chart The U.S. economy marked a milestone in June: the beginning of a fifth straight year of recovery as measured by growth in gross domestic product. Don't worry, you didn't miss the ticker-tape parade. With GDP increasing 1.1 percent and 1.7 percent in the first and...
- PTA Holdings Expands Refrigerated Service
PTA Holdings is expanding its refrigerated truckload business, adding a baked goods shipper in San Antonio, Texas, to balance northbound and southbound loads. The new customer provides bakery products to the fast-food industry. PTA's refrigerated fleet will haul baked goods from San Antonio to Chicago and Wisconsin. The northbound loads will help...
- Air Canada's Cargo Slipped 0.8 Percent in June
Air Canada reported cargo traffic of 130.5 million metric ton-kilometers in June, down 0.8 percent compared with the same month last year, according to Statistics Canada. Cargo volume for Canada's largest airline was 20.5 million kilograms in June, falling 1.5 percent year-over-year. With regard to cargo, Air Canada's load factor was...
- US to Investigate Imports of Oil Country Tubular Goods
The U.S. International Trade Commission has determined that the U.S. oil country tubular goods industry is "materially injured" by imports of OCTG products from nine nations that are sold at "less than fair value." As a result of the commission's determinations, as well as a unanimous vote by all six ITC...
- US Intermodal Rates Fall to Six-Week Low
Overall index, week of August 19, 2013 Full-size image U.S. intermodal rates fell $8 in the week of Aug. 19, pulling the average down to a six-week low at $2,009, according to data on all-inclusive 53-foot door-to-door spot pricing quoted by railroads and provided by the 3PL IDS. The top 12 and top 18...
- Clarksons' Profit Stalls
Clarksons, the world's biggest shipbroker and shipping services group, posted stagnant profits and revenues for the first half of the year amid depressed markets in most shipping sectors. Pre-tax profit was unchanged at £10.8 million ($16.75 million) in the six months through June as the London-based firm's revenue edged up to...
- Navios Group Forms European Subsidiary
The Navios Group has announced the formation of Navios Europe as the next step in concluding its letter of intent signed with HSH Nordbank in April 2013. Navios Europe, which will initially acquire five container vessels and five product tankers from debtors of HSH, will be owned 47.5 percent by Navios...
- Survey: Shippers' Confidence Continues to Build in Europe
Stifel Logistics Confidence Index: Total freight (air and ocean). Full-size image The Stifel Nicolaus Logistics Confidence Index, a monthly survey of international shippers and forwarders measuring Europe-based air and ocean freight trade lanes, conducted by Stifel Nicolaus Transportation & Logistics Research Group, rose for a third month in August, up 8.9 percent...
- Transloading's Upward Track
Los Angeles-Long Beach handles some 40 percent of U.S. containerized imports, but what happens to that cargo once it lands is undergoing fundamental change, reflecting larger trends in U.S. freight transportation. The main point is rail's growth in popularity overall as a means of moving goods imported through LA-Long Beach, and...
- GlobalFoundries' Upstate NY Plant Requires World-Class Supply Chain
When Werner von Braun flew over a former 19th century pig farm in upstate New York's Luther Forest in the late 1940s, his eyes lit up. The site in the town of Malta, at the foot of Lake Saratoga, reminded the German rocket scientist of Bavaria and struck him as...
- Norfolk Southern to Hike Domestic Intermodal Rates
Norfolk Southern double-stack intermodal trainNorfolk Southern will hike its domestic intermodal rates in September. Effective Sept. 15, the Class I railroad's equipment management program rates published in open-ended Norfolk Southern price quotations will be increased by 2.5 percent. A customized file listing the affected quotes and the new rate will be...
- COSCO Container Lines Americas Appoints Peter R. Vigil AVP for Export Sales
Secaucus, NJ (August 19, 2013) - Mr. Timothy Marsh, Executive Vice President, Trade, of COSCO Container Lines Americas, Inc. (CCLA) has announced the appointment of Peter R. Vigil to the position of Assistant Vice President for Export Sales. CCLA is one of the world's premier ocean carriers, calling on ports...
- Port Everglades Participates in 'Safety of Souls at Sea' Conference
DATE: August 19, 2013MEDIA CONTACTS: Maisy AlpertPHONE: 954-468-3505EMAIL: firstname.lastname@example.org BROWARD COUNTY, Fla. - Port Everglades staff and port users discussed the Port's relationship with seafarers, most of whom are from outside the United States, and their needs at the annual conference of the North American Maritime Ministry Association (NAMMA) held in Fort Lauderdale, FL, August 5-8, 2013....
|AUGUST 20, 2013|
- CSAV sets revised target
Compania Sudamericana de Vapores (CSAV) is moving forward with a fundraiser aimed at securing the cash it needs to finance a series of containerships under construction at Samsung Heavy Industries in South Korea.
- Sun sets on Princess cruise
Efforts to overhaul the cruise sector's image suffered another setback Tuesday following the cancellation of a trip tied to a vessel that just received a $30m makeover.
- GLOG keeps its cool
GasLog doesn't plan on raising additional equity to fund its latest round of ship acquisitions anytime soon, according to chief executive Paul Wogan.
- Jumpstart for drybulk
A leading equity analyst upgraded shares of Greek bulker owner Diana Shipping Tuesday based on a bet that asset prices are starting to stabilise.
- GASS loses ground
Shares of Greece's StealthGas tumbled in early trading Tuesday after turning in a second-quarter result that failed to live up to expectations.
- Cape hopes rising
Capesize rates today hit the highest level of the year and hope is rising for a strong fourth quarter and further progress in 2014 and 2015.
- NNA on the money
Navios Maritime Acquisition (NNA) has trimmed its second quarter deficit and met Wall Street forecasts in the process.
- Stealth sights more buys
Harry Vafias says further acquisitions are on the cards for StealthGas as the Nasdaq-listed owner reports a dip in second quarter earnings.
- Another floater for Oz?
Woodside Petroleum has called for floating LNG (FLNG) to be used to develop the Browse gas reserves off Western Australia.
- FRNT wins VLCC fight
John Fredriksen's Frontline 2012 has culled a fourth VLCC newbuilding at Jinhai Heavy Industries after winning a dispute over the cancellation of three other tankers at the yard.
- Trio eye Saudi yard
National Shipping Company of Saudi Arabia (Bahri) is joining forces with compatriot oil firm Saudi Aramco and Singaporean engineering giant Sembcorp Marine to develop a yard in the Middle Eastern country.
- Navios redraws HSH pact
A third listed company from the Navios empire has been added to a vehicle taking over 10 distressed vessels from HSH Nordbank.
- GasLog turns Q2 profit
GasLog swung to a profit in the second quarter thanks to the delivery of three newbuildings this year.
- MOL ship saves one
A Mitsui OSK Lines LNG carrier has rescued a fisherman stranded off the Philippines after his vessel ran out of fuel.
- Keppel wins a fifth
Keppel has bagged an order to build a fifth offshore accommodation unit for its Oslo-listed subsidiary Floatel.
- Reach red for now
Reach Subsea has recorded a loss for the second quarter which saw the company build the foundations of its business.
- Yujin selling again
London-listed Yujin International has continued the sell-off of its small fleet of bunker tankers.
- Kiani Satu going down
A German controlled general cargo ship refloated in South Africa just three days ago looks set to sink.
- Writedown hits Glencore
Glencore Xstrata has revealed a huge loss in its first financial report as a combined company after writing down the value of Xstrata's assets.
- Fisher books strong profit
James Fisher has impressed the City with a strong set of first half accounts.
- SHI confirms double
Korea's Samsung Heavy Industries (SHI) has confirmed an order for a pair of LNG carriers.
- Fisher sells Foreland slice
James Fisher has confirmed speculation about the sale of its ro-ro investment and offloaded its stake in Foreland Holdings to partner Hadley Shipping.
- Belships board says no
Belship's board of directors have advised shareholders not to accept the current mandatory offer for the Norwegian shipowner.
- Port slashes emissions
The US Port of Long Beach has cut diesel particulates by 81% since 2005, according to a newly released analysis.
- Minerva opts for eB/L
Minerva Marine has become the latest shipowner to sign up to electronic bill of lading (eB/L) for its dry bulk fleet.
- Smart looks doomed
A capesize bulker that ran aground off Richards Bay in South Africa looks set to be a constructive total loss.
- Aegean profit doubles
Aegean Marine Petroleum has seen its profit for the second quarter of 2013 double compared to a year ago.
- Moundreas cape aground
Authorities in South Africa are struggling to free a capesize bulker that ran aground in rough seas off Richard's Bay, officials told TradeWinds Monday.
- Calling Uncle Sam
A leading US barge operator has turned to the federal government for aid in financing an order at Conrad Industries of Louisiana.
|AUGUST 20, 2013|
- Survey says California has busiest highways
The 21.4 billion miles traveled on California's Interstate 5 during 2011 (the most recent year available) puts the road in the top spot as the nation's busiest interstate. Los Angeles can lay claim to the busiest interstate in a U.S. city.
- Florida dishes out $5 million for intermodal projects
FDOT on Monday awarded $5 million worth of grants to four logistics projects in the state, including $2.5 million for the South Florida Logistics Center in Miami, from the state's new intermodal infrastructure support program.
- GENCO taps Nightingale as Transportation Logistics head
In this role, Tom Nightingale will be responsible for growing revenue and expanding GENCO's logistics business. Today, the Pittsburgh-based 3PL firm manages more than $1.5 billion in freight annually.
- VIT's legal status changed
- Maersk to hike rates to South America west coast
- Washington Notebook: NCBFAA seeks to loosen 'confidentiality' standard
- Navios takes delivery of 2 containerships
- Contrasting fortunes at SoCal ports continues in July
- Old Dominion opens Chicago service center
- New maritime labor convention comes into force
"This convention is a milestone in maritime history," said ILO director-general. "The product of tripartite dialogue and international cooperation, it enables decent working and living conditions for seafarers."
- IAG brings small cargo service to Atlanta, Dallas
- SeaIntel finds P3 a tough act to follow
- AA adds full cargo service to Indianapolis
- Emissions fall at Port of Long Beach
- Supply Chain Solutions expands in Illinois
- Executive moves
|AUGUST 20, 2013|
- Senior appointment at SkySails
'Shipping must change course' says new sales and service manager.
- Prices falling in Fujairah
Good demand and sufficient avails reported.
- Bunker prices soft in Rotterdam
Prices firming in the Mediterranean.
- Vessel splits in two off Richards Bay
'We are trying to remove the 1,769 mt of fuel from the vessel, as well as 130 mt of diesel and some other oils.'
- Plant cuts straight run fuel oil production by almost half
Major upgrade at one of Russia's largest refineries is expected to be complete next month.
- Russian bunker company acquires Baltic player
Gazprom Neft has acquired another bunker company based outside Russia.
- Navig8 unit issues shares to fund fuel-efficient newbuilds
Newbuilds expected to cut bunker costs by $5,000 per day.
- Asian bunker prices lack direction
Supplies getting tight for some players at Tokyo Bay.
- Baltic Sea Bunkering records losses for FY 2012
Firm sold 507,000 mt of bunker fuel during 2012.
- Desulphurisation system could be deployed 'shore-side'
Study to determine viability of using system at berth.
- BFC inks bunker supply deal with Russian Cruises
Company to provide bunkers to river passenger carrier during upcoming G20 summit.
- Canada Transport Minister encourages use of cold ironing
Government looking forward to 'developing similar projects' at other ports, says Lisa Raitt.
- First OPL bunker delivery at Kochi during monsoon season
Delivery conducted by Shree Krishna XV on August 14, says source.