|AUGUST 28, 2013|
- Wan Hai sole Taiwan container carrier to make second quarter profit
- All-water routes fail to bring high volumes to US east coast as forecast
- 13,386-TEU Cosco England newbuilding to join the Asia-Europe trade
- Beijing releases 3-year plan to restructure ailing shipbuilding industry
- Yantai port 7-month container volume up 23.64pc to 1.28 million TEU
- Nanning-Guangzhou double-stacked freight rail link to open next year
- Damco appoints Samuel Israel as new regional CEO for Latin America
- US press for restrictions on tobacco in Trans-Pacific Partnership talks
- China provides Cambodia with four border checkpoint container scanners
- Toll joins GraysOnline to boost its online parcel delivery service
- ICAO to clear India of aviation 'safety concerns' after flight audit
- Four kilos of opium found in five handbags at Dubai Cargo Village
- Norfolk air cargo falls 23pc while airport traffic dips 6pc in July
- Last-mile courier thefts increase, increasing target pharma shipments
|AUGUST 27, 2013|
- Containerised exports from Subcontinent showing positive trend overall
- Sailesh Bhatia elected President of AMTOI
- Egypt, Syria unrest hits spices, tea & rice exports
- Exporters told to move up value chain to gain
- India asks European Customs authorities to allow exporters to take back rejected consignments
- Urea imports shoot up to 11.09 lakh tonnes in Q1
- USFDA to strengthen food import norms
- Vannamei shrimp exports surge on high global demand
- Box terminal operators facing multiple challenges, says Drewry
- Railways likely to hike freight charges in October
- RITES preparing techno-economic feasibility report for proposed Major Port in Andhra Pradesh
- India & Myanmar set trade target of $ 3 bn by 2015
- INR plunges to another new low of 66.08
- Latin American countries to diversify trade with India
- ...sector faces acute manpower crunch
- CCI clears infra projects worth INR 2 lakh cr.
|AUGUST 28, 2013|
- Evergreen names "Ever Living"
- Captrain Deutschland expanding in Denmark and Sweden
- TNT Express explores sale of Dutch part of TNT Fashion
- ECL deploying CargoBeamer wagons in Germany
- ANA Cargo adjusts Okinawa operation
- Toll Group with higher profits in 2012/13
- Hamburg Süd holds first naming ceremony in USA
- Palletways extending services to Czechia and Slovakia
- Port Columbus opens new south runway
- New Geodis Wilson managing director in the USA
- Norway Post reports lower earnings in H1/2013
- Eight in race for fourth JNPT terminal
- Colombia: first commercial flight with new biofuel
- Pollock expands fleet
|AUGUST 27, 2013|
- NOAA confirms identity of historic wreck
- Inland Salvage completes another offshore salvage
- ABS Nautical Systems signs contracts with European operators
- Spanish shipbuilder launches support vessel
- Austal lays keel for Australian patrol boat
|AUGUST 27, 2013|
- Corps issues caution for low Columbia water levels
- Port Metro Vancouver releases mid-year cargo volume numbers
- Researchers discover wreckage of U.S. Coast Survey steamer
- TSA member carriers plan to hike freight rates
- Port of Los Angeles eyes start of Yang Ming berth upgrades
|AUGUST 27, 2013|
- Singamas Container Holdings net profit shrinks 28%
US domestic demand fails to buoy overall market
- PIL does not rule out further fleet expansion
Teo eyes opportunities for charters and newbuildings
- Taylor Wessing launches shipping practice
Law firm seeks German finance work
- Star Bulk stays in profit
Transformed owner eyes bigger contribution from third-party management
- Maersk's box builder suffers from postponements
MCI's second-quarter profit plunges 93% on-year due to postponed investments
- Supply delays hit Awilco LNG
Challenging summer sees Oslo-based firm post a second-quarter loss
- North Europe aframax earnings spike ends
Tonnage is available for early September voyages
- Cosco Pacific reports dip in net profit
Update: Cash gain from CIMC disposal will be channelled to new investments
- Bechtel designs offshore terminal to boost African ports' handling
Hub is claimed to have lower construction and operational costs than conventional ports
- The $72m sulphur headache
DFDS boss Smedegaard talks scrubber spending risks and conflicts to come in 2015
- Teekay LNG plans $115m Oslo bond issue
Loan will mature in September 2o18
- First Ship Lease recruits FR8 boss as new chief executive
Hatton's appointment ends two-month management vacuum
|AUGUST 27, 2013|
- Star bulks up managed fleet
NASDAQ-listed Star Bulk today reported a profitable quarter and a growing portfolio of managed bulkers and product tankers
- TMT lender ordered to release ship
TMT HAS another win in its Chapter 11 battle in Houston, as an arrested ship was ordered to be freed by today
- More box cuts advised
BOX LINERS must cut more costs to satisfy shareholders after first-half losses, a UK shipping consultancy warned today
- South Asia breaking prices follow rupee down
PRICES of ships sold for demolition into South Asia plunged last week as the rupee plummeted to a historic low of 65.54 to the dollar
- Nam Cheong issues S$90M in fixed notes
MALAYSIA'S largest OSV builder Nam Cheong has issued S$90M ($70M) in fixed-rate notes to refinance borrowings
- MSC Cruises poaches ex-rival as CEO
MSC CRUISES has appointed the recently resigned president of rival Costa Cruises, Gianni Onorato, as its new CEO
- JJOGMEC receives first LPG for petroleum reserve
JAPAN'S government-owned Japan Oil, Gas & Metals National Corp (JOGMEC) has received its first LPG cargo for its strategic petroleum reserve in Namikata terminal in western Japan
- COSCOL cuts deficit
COSCOL said it lost 78M yuan ($12.66M) in 1H13, cutting its deficit by 230.13% year on year
- Capesize S&P gains
CAPESIZES have featured in the resale market for a second consecutive week
- VLGC rates firm ahead of September CP release
RATES to haul LPG on very large gas carriers rose every day of last week before dropping on 23 August
- Ksure offering ship bond insurance
KOREA Trade Insurance Corp, one of South Korea's two export credit agencies, is offering ship bond insurance to aid struggling domestic yards
|AUGUST 27, 2013|
- TSA Lines Plan Westbound Rate Hike
Shipping lines that carry U.S. exports to Asia intend to increase their freight rates by at least $100 per 40-foot container effective Oct. 1. The Transpacific Stabilization Agreement Westbound, a discussion group of 15 carriers, announced Tuesday that the guideline for the general rate increase applies to all commodities from all...
- US Diesel Prices Rise
U.S. diesel prices inched up slightly in the week of August 26, following a slight uptick in the prior week, according to the U.S. Energy Information Administration. The national average price is $3.913, rising 0.013 cents from a week ago. Prices are down nearly 1.8 cents, or 4 percent, from a...
- Green Fleet Strike Reflects Changing Union Strategies
Some of the employee drivers of Green Fleet Systems in Southern California launched a 24-hour strike against the company on Monday, charging that management is using harassment techniques to dissuade them from joining a union. The Teamsters union is expected to join a rally in Carson, Calif., Tuesday afternoon, according to...
- TQL National Expansion Continues with Office in Houston, Texas
Houston, Texas - Total Quality Logistics (TQL) has opened a new national sales office in Houston, Texas. This is the Cincinnati-based company's second office in the state of Texas and 19th office nationwide. TQL is one of the fastest growing providers of transportation logistics services in North America. The TQL Houston office opened...
- Menlo and MAQUET Strengthen Their Global Business Relationship
AMSTERDAM - Aug. 27, 2013 - Menlo, the global logistics and supply chain management unit of Con-way Inc. (NYSE: CNW), is pleased to announce that it has been appointed as the global forwarder manager (GFM) by MAQUET in order to create an economic and simplified global supply chain. Menlo will...
- Drewry: Korean Shipping Lines Have Backs against the Wall
Drewry Maritime Research is taking a negative view of the outlook for publically traded Korean container shipping lines. It said in a research note that the losses incurred by Hyundai Merchant Marine and Hanjin Shipping have led to severe deterioration in their financial health. It finds their share prices expensive and...
- FMCSA Prepares for 'Unified' Registration System
The Federal Motor Carrier Safety Administration published a long-awaited final rule last week to establish a Unified Registration System for trucking companies, freight brokers and forwarders and others required to register with the agency. The final rule consolidates and automates a paper-based registration system and expands the number and type...
- C. H. Robinson Boosts Share-Buyback Program
C.H. Robinson Worldwide increased the number of shares it plans to repurchase by 15,000,000 shares to a total of 23,700,000. It has yet to buy back the approximately 8,700,000 shares left from the previous authorization. The Minnesota-based logistics provider entered into the accelerated share repurchase program with two banks, JPMorgan Chase...
- Chapman Freeborn, Air Libya Launch Cargo Service
Antonov An-26.Chapman Freeborn Airchartering and Air Libya have formed an exclusive partnership for the operation of a freighter aircraft in Libya. High demand is anticipated for the Antonov An-26, which will be based at Tripoli's Mitiga International Airport (MJI) on a long-term lease agreement with immediate effect. The airplane will be...
- Drewry: Canceled Sailings Likely This Year
Sluggish volume on all-water routes between Asia and the East Coast of North America "does not bode well for this year's peak season" and may force carriers to cancel sailings later this year, Drewry Maritime Research warned in its current Container Insight Weekly. Asia-to-North America rates "will continue to remain under...
- Air Cargo Picture Depressed as Peak Approaches
Garuda Indonesia plane in February 2013. Photo from Flickr by Prayitno. License: CC BY 2.0.International air cargo rates remained depressed in July as the bearish demand apparent for much of the year continued to dominate markets. Drewry's East-West Air Freight Price Index, a weighted average of all-in air freight 'buy rates'...
- Building Port Resilience
In his Aug. 5 Journal of Commerce article, "Decline of the Single-User Terminal," Bill Mongelluzzo describes how vessel operators are eliminating their proprietary terminal operations in favor of using public terminals. They may or may not know it, but by embracing the public option these operators are increasing port resilience. Here are...
- Cosco Pacific Triples Profit on Sale of Stake in Container Manufacturer
Cosco Pacific more than tripled its first half profit from a year ago, boosted by a one-off gain from selling its stake in container manufacturer China International Marine Containers. The port operating and container leasing arm of China Ocean Shipping Group posted net profit of $560.3 million in the six months...
- TTS Agent, BCB Transport Expanding
IRVING, TX (August 26, 2013) - TTS agent, BCB Transport, is expanding their operation with a new storage and loading facility. Currently under construction, this new facility will allow BCB to consolidate its two locations and increase storage space by 150 percent. In addition, the new storage facility will accommodate...
- Liebherr Container Cranes secures further orders in the Oceania / Philippines region
Liebherr Container Cranes has secured separate orders from DPWorld Manila for both a ship to shore container crane and for 2 rubber tyre gantry cranes. In addition, a recent delivery of a ship to shore container crane at DPWorld Melbourne further expands Liebherr's presence in the Oceania / Philippines region. The...
- TNT Eyeing Sale of Fashion Logistics Unit
TNT Express is planning to sell its European fashion supply chain unit as part of a restructuring triggered by the collapse of a $6.9 billion takeover by UPS. "The possible sale of the Dutch operations of TNT Fashion will be designed to ensure service continuity," the Dutch express carrier said. The company...
- RINA Services Appoints new Business Development Manager in North America
Genova, 26 August, 2013 - RINA Services S.p.A., the international Classification Society, announces that Ches K. King joined RINA USA Inc. as Business Development Manager. Based in the Seattle area, Ches will support the RINA Services marine and industrial clients in the North and Central American markets, as well as...
- Polish Rail Operator PKP Cargo Set for Warsaw IPO
Rendering of PKP Cargo train.The privatization of PKP Cargo moved closer after the Polish state rail freight operator reached agreement with labor unions over its initial public offering. Europe's second largest rail freight company said its 24,000 employees will receive a onetime bonus in shares and a four-year job guarantee in...
|AUGUST 27, 2013|
- TMT wins another round
Today Makes Tomorrow of Taiwan appears to have secured the release of a handysize bulker that has been sitting idle off Gibraltar for more than two months.
- A Whale recalls attack
An OBO controlled by bankrupt Taiwanese operator Today Makes Tomorrow (TMT) appears to have sustained only minor damage during a skirmish with Libyan naval forces late last week.
- Iberia ups VLCCF
An equity analyst at Iberia Capital is urging investors to accumulate shares of US-listed bulker owner Knightsbridge Tankers based on a bet that a rebound is on the horizon.
- OSG in discharge hit
Overseas Shipholding Group (OSG) is the target of a Marshall Islands flag-state investigation after it reported potential pollution violations to authorities.
- Star Aurora tied up
Star Bulk Carriers has locked up a capesize vessel for roughly a year as it focuses on short-term employment for its fleet of bulkers.
- SCI in huge rate hike
Shipping Corporation of India (SCI) has announced huge hikes in container freight rates to help stem the flow of losses.
- Star back in black
Star Bulk Carriers has made a return to profit in the second quarter of the year, defying the downturn by reining in costs.
- Onorato in at MSC Cruises
Gianni Onorato has been unveiled as the new chief executive officer of MSC Cruises little more than two months since exiting Costa Crociere after nearly 30 years.
- Naoetsu welcomes first cargo
Commissioning of Japan's Naoetsu LNG regasification terminal is underway after a vessel arrived with a maiden cargo from Indonesia.
- Sale boosts Cosco Pac
Cosco Pacific has reported a big rise in earnings after offloading its container wing to its parent.
- Skangass doubles up
Norwegian small scale LNG operator Skangass has turned to Dutch owner Anthony Veder to charter a second vessel.
- Awilco LNG weaker
Awilco LNG has seen a further deterioration in pre-tax results posting a loss of $68m versus the $38m seen a year earlier.
- HMM unveils share issue
Hyundai Merchant Marine (HMM) has announced plans for a share issue that it hopes will help fill the hole in its finances.
- FSL brings in Hatton
Allan Hatton has been recruited as the new chief executive of struggling First Ship Lease Trust (FSL Trust).
- A Whale under fire
A TMT OBO sailing off the coast of North Africa is alleged to have come under fire from Libyan naval forces.
- LA retains 'AA' rating
The Port of Los Angeles has seen its 'AA' bond rating affirmed by ratings agency Standard & Poor's.
- FRO faces grim forecast
Equity analysts are growing increasingly concerned about the future of Frontline and the ongoing deterioration of its cash reserves.
|AUGUST 27, 2013|
- 'Big Four' terminal companies handle quarter of boxes
- Washington Notebook: Port security grants and export enforcement
- Global fuel use hit record in 2012
The Energy Information Administration reported Monday that in 2012 the world's appetite for fuel hit a record of 88.9 million barrels per day based on use of jet fuel, diesel, gasoline, heating oil and other petroleum products.
- Vancouver Port rail project moves forward
- TNT looks to sell fashion business
The express carrier said the sale will not impact its business, and customers and suppliers will maintain their current agreements. Companies interested in the purchase must place their initial bids this month, according to reports.
- CMA CGM hiking rates from Europe to Latin America
- TQL opens Houston sales office
- Dray drivers strike against L.A. trucking firm
- Yusen expands in Thailand
- ALAN stays the course
Since the death of its founder, John "Jock" Menzies, on Aug. 17, the board and staff of the American Logistics Aid Network have vowed to continue efforts to guide and coordinate logistics services for disaster relief.
- IAG targets Latin American pharmaceuticals
The air cargo carrier has opened Constant Climate stations in Colombia, Panama, Costa Rica, Guatemala and Venezuela. IAG now staffs 12 stations across Latin America and is adding similar support capacity in Europe.
- U.S. steel imports nudge up slightly in July
- Executive moves
|AUGUST 27, 2013|
- C-Fuels America hires new assistant bunker trader
Alla Kotlyar took on the position of assistant trader, effective August 26.
- Sufficient avails in Fujairah
Prices down in Cape Town.
- Prices fall in Rotterdam
Softer trend seen in Gibraltar.
- WMF makes Singapore hire
Former Chemoil and Noble manager joins firm.
- Wake up call to realise 'enormous potential'
Despite high shipping traffic, South African bunkering is in decline.
- Installing scrubbers a financial risk, says shipowner
But European shipowner thinks flexibility on the 2015 deadline unlikely.
- Bunker prices lose direction in Asia
Singapore players saw varied demand on Tuesday.
- Bunkering 'good business' for Malta, says ex-prime minister
Alfred Sant wants Malta to sustain its bunkering sector.
- Chinese firms come together on LNG bunkering
Lonyer Fuels and ENN Energy to jointly-develop domestic LNG bunkering framework.
- LNG bunkering centre could be built at Russian port
Government in discussions with Gazprom on possible investment projects.
- Don't rely on softer fuel prices to keep costs down, says analyst
Bunker price falls unlikely to be repeated.
- Ardmore Shipping posts quarterly loss
But revenue is up over the period.