Thoresen Shipping shifts front office to Singapore THE dry bulk unit of Thoresen Thai Agencies has relocated its commercial front office from Bangkok to Singapore to be closer to its trading house customers, most of which have regional head offices here. It will up its headcount from two to seven in Singapore, while its Bangkok back office keeps its 90-strong operations team.
Strait Talk
ICS study raises questions about training IT IS said that more than 70,000 vessels transit through the Malacca and Singapore Straits in a year. That works out to over 150 a day and I do not know whether that figure includes every tug and barge set, to say nothing of every fishing boat and perahu that weaves its often erratic way along and across this strategically important international waterway.
Shipping Times
L&T relooks viability of India rail project LARSEN & Toubro Ltd, due to build and run a railway in the Indian city of Hyderabad, said it may have to 're-look' the viability of the 141.3 billion rupee (S$3.6 billion) project because of hold-ups in acquiring land.
Thoresen Shipping shifts front office to Singapore THE dry bulk unit of Thoresen Thai Agencies has relocated its commercial front office from Bangkok to Singapore to be closer to its trading house customers, most of which have regional head offices here. It will up its headcount from two to seven in Singapore, while its Bangkok back office keeps its 90-strong operations team.
Strait Talk
ICS study raises questions about training IT IS said that more than 70,000 vessels transit through the Malacca and Singapore Straits in a year. That works out to over 150 a day and I do not know whether that figure includes every tug and barge set, to say nothing of every fishing boat and perahu that weaves its often erratic way along and across this strategically important international waterway.
Shipping Times
L&T relooks viability of India rail project LARSEN & Toubro Ltd, due to build and run a railway in the Indian city of Hyderabad, said it may have to 're-look' the viability of the 141.3 billion rupee (S$3.6 billion) project because of hold-ups in acquiring land.
Thoresen Shipping shifts front office to Singapore THE dry bulk unit of Thoresen Thai Agencies has relocated its commercial front office from Bangkok to Singapore to be closer to its trading house customers, most of which have regional head offices here. It will up its headcount from two to seven in Singapore, while its Bangkok back office keeps its 90-strong operations team.
Strait Talk
ICS study raises questions about training IT IS said that more than 70,000 vessels transit through the Malacca and Singapore Straits in a year. That works out to over 150 a day and I do not know whether that figure includes every tug and barge set, to say nothing of every fishing boat and perahu that weaves its often erratic way along and across this strategically important international waterway.
Shipping Times
L&T relooks viability of India rail project LARSEN & Toubro Ltd, due to build and run a railway in the Indian city of Hyderabad, said it may have to 're-look' the viability of the 141.3 billion rupee (S$3.6 billion) project because of hold-ups in acquiring land.
New cranes for Yucatan container terminal The Yucatán container terminal, which is owned by Spain's Grup TCB, has acquired three new cranes for about EUR 700,000. The Linde reach-stackers have started operations and brough...
Fesco introduces Tacoma-Vladivostok service Fesco Russian Pacific Line (part of the Fesco Group), has added Tacoma to its network by introducing a fortnightly service to Vladivostok and all points in the Russian Far East. Th...
Russian and Slovak railways to cooperate Russian Railways and the Railways of the Slovak Republic have plans to cooperate. A corresponding memorandum of cooperation was signed recently to facilitate the development and up...
AA Cargo celebrates 20 years at London Heathrow American Airlines Cargo (AA Cargo) last week celebrated 20 years of flying directly between London Heathrow and the USA, holding a reception for its key cargo customers. AA Cargo w...
New IT system for world's largest air cargo terminal Hactl's SuperTerminal 1 - the world's largest independent air cargo handling facility - will operate with a new cargo management system from December, following three years of deve...
Panalpina is Cargo 2000 phase 1 certified The Basel-based logistics provider Panalpina is now Cargo 2000 certified for phase 1. Cargo 2000 is an industry initiative in three phases that aims to implement a quality manageme...
Daimler Trucks North America to ramp up truck output Daimler Trucks North America plans to ramp up production of Western Star heavy-duty trucks at its plant in Portland OR, for which it will add a second shift. The increase in produc...
Martin Gauss new CEO of airBaltic The supervisory board of the Latvian national airline airBaltic has appointed Martin Gauss as its new CEO and chairman of the executive board, with effect from 1 November. He has 2...
New Fiat Ducato model on sale After three decades of production and five generations, a new model of the Fiat Ducato, one of the most popular commercial vehicles, is going on sale. The three power outputs from ...
Dachser USA opens Dallas branch Dachser USA, a subsidiary of the German logistics services provider Dachser, has opened a new branch in Dallas TX, to take the growing import and export business in northern Texas ...
Yusen Logistics renews contract with Kingfisher Service provider Yusen Logistics has renewed and extended a contract to manage Kingfisher's European imports. Adding to an existing contract's origin points in northern and souther...
Delice de France contracts Norbert Dentressangle in UK The French transport and logistics group Norbert Dentressangle has signed a new temperature-controlled warehousing contract with the baked goods manufacturer Delice de France in th...
UIRR endorses EU Commission energy taxation proposal The International Union of Combined Road-Rail Transport Companies (UIRR) has endorsed the EU Commission's proposal which envisages several positive amendments to a European directi...
SITC numbers reflect stable intra-Asia trade Tepid earnings results of boxline specialist have obscured its solid focus on regional growth
Solvency II risk strategies raise concerns over capital requirements Regulators' view of risk and investment strategies remains key issue
Pause in dry bulk asset values' decline Baltic Exchange reports all major vessel prices plateau for first time in more than a year
Court of Appeal throws up exceptions to freezing orders Distinction drawn between party in enforcement of arbitration award and judgment debtor post-judgment
Panamax period charter volumes hit seven-month high in October Increased short-term contracts coincide with improved charter rates
Salvage industry would fail to cope with major casualty Salvage insiders plead for greater investment as shipping evolves
Shipowners' Club members to see no general premium increase in February P&I club reports free reserves of $210m and says investment returns have been healthy
London P&I clubs risk being made history A sense of drift, decay, indecision and ineffectual governance has permeated parts of the UK P&I industry
Backhaul gasoil trade keeps rising Europe expected to increase imports of US diesel
Rising South American demand boosts product tankers Brazil's thirst for middle distillates set to increase as World Cup and Olympics loom
Owners feel pinch as US gasoil imports slump Fewer product tankers trading on TC2 Europe to US Atlantic route
Modern Istanbul carves an expansionary path Turkey's shipowners have invested heavily in newbuildings and have extensively modernised their fleets
North Sea aframaxes rally falls away Rates drop dramatically as activity in Atlantic basin slows and owners offer discounts
Slumping secondhand prices trigger $56m impairment at DHT Holdings Tanker company makes voluntary pre-payment of $24m to remain in compliance of covenants
Cargotec and Rosmorport form alliance Increased automation for Russian ports
Rising cargo volumes heading to Asia boost broker's fixture activity Braemar Seascope benefiting from Chinese and Indian dry bulk and oil demand but commissions stay low on poor charter rates
Conti makes co-operation work with Korea Line Shipowner and insolvent bulk operator maintain charters
Horizon Lines quits Pacific trades Falling freight rates lead to $44m loss on Asia-US route since January
Box lines warned against underestimating inventory levels Manufacturing and retail inventories have risen significantly, says Macquarie
Pirates release Iceberg 1 Ro-ro held since March 2010 freed
Ferry operators warn over sulphur limits Ultra-low emissions limits will place $6bn burden on industry
Dutch courage ABN Amro's plan to hike its shipping portfolio does not change overall squeeze on lending
Orders at China's yards fall 43% year on year Deals lost at the expense of this year's migration back to South Korea
DP World volumes up in third quarter Liftings rise 10% on previous year
Braemar bank balance hit by overtonnaged shipping markets Group sees broking business' interim period operating profit halved
WEM bulk carrier seized in Singapore Bunker supplier claims $1m is owed
Qatar Navigation profits dive Fall in net income follows one-off gain from Qatar Shipping acquisition
Delayed finale When the freight trades picked up last year, there was a widespread assumption that the worst was over. Not so
Courage Marine lands supramax newbuilding Purchase for $27m is from a small Chinese yard owned by a steel producer
Piracy hijackings down PIRACY has risen to record levels, with Somali pirates behind 56% of the 352 attacks reported this year, according to the IMB
SeaFrance stymied for legal hearing CALAIS/Dover SeaFrance sailings are at a standstill today because the group's workers downed tools to journey to Paris for a key court session
Storm threatens gulf oil HURRICANE Rina is gaining strength today in the Western Caribbean, with a storm analyst warning it could shut in nearly 9.7M barrels of oil in the Gulf of Mexico
Sub-Panamaxes boxed in BROKERS told Fairplay today charter rates are plunging for sub-Panamax box ships because their slot costs are rising relative to expenses for bigger vessels
VLCCs east of Suez are north of breakeven BROKERS told Fairplay today VLCC rates east of Suez have finally peeked above breakeven as crude demand rises, heading into winter
Conti cuts newbuildings GERMAN KG house Conti Reederei has pruned back its bulker newbuilding programme
End-buyers rule breaking BREAKING markets are expected to be driven down this week by the continuing uncertainty over Bangladesh's recycling sector
Box rates fall below '09 FREIGHT rates in the Far East/North Europe box sector have dropped into negative territory, lower than in 2009, a sector consultancy has warned
Frontline hunts new buyer FRONTLINE has placed two Suezmaxes on sale, Fairplay has learned
BSS's half-year profits drop BRAEMAR Shipping Services has blamed a weak shipping market for its fall in half-year profits
Greece, China sign trade deal ATHENS and Beijing have signed a trade deal that calls for increased Greek exports to China
NOL could lose $242M SINGAPORE'S securities group DBS Vickers expects losses for liner NOL will be $100M worse than previously estimated
Horizon pulls trans-Pacific plug HORIZON Lines will cease its FSX trans-Pacific service on 2 November and lay up all five box ships chartered from NYSE-listed Ship Finance International
Samudera's profits drop 37.8% HIGHER costs have deflated the profits of Indonesia's Samudera Shipping Line by 37.8% year on year for 3Q2011
Fire hits loading at Dalrymple Bay DAMAGE from last week's fire at the Dalrymple Bay Coal Terminal will slow ship loading until early December, IHS McCloskey reported today
CN Launches Large Share Buyback Program The board of directors at Canadian National Railway authorized the company to buy back up to 17 million shares of...
CN Profit Jumps 19 Percent on Record Loads Canadian National Railway's profit rose 19 percent to $648 million (C$659 million) in the third quarter from a year ago,...
HNA Buys Turkish Air Cargo Operator, Expands Fleet HNA Group bought a Turkish air cargo operator and will add up to 15 freighters over the next two years,...
Mica Coy on Congressional Response to HOS Ruling House Transportation and Infrastructure Committee Chairman John Mica said he's not ready to say how Congress will "aggressively oversee any...
UPS Slashes Asia Capacity 10 Percent UPS cut its air capacity out of Asia 10 percent during the recent third quarter amid a deep slowdown in...
Intra-Asia Ocean Carrier's Profit Falls 40.5 Percent Intra-Asia operator Samudera Shipping Line saw its third-quarter profit fall 40.5 percent year-over-year to $3.9 million, as rising operating costs...
Asia Exports Slide at NYK Line Japan's NYK Line says container volume from Asia to the United States and Europe fell 10.2 percent from September to...
Mica Backs Highway Bill as Jobs Measure House Transportation and Infrastructure Committee Chairman John Mica says a proposed six-year, $285 billion transportation plan will "be the core...
Alphaliner Says Some Asia-Europe Rates Below Zero Container freight rates on the Far East-North Europe spot market have dropped below zero after stripping out bunker surcharges, and...
UPS Profit Growth Slows on Flat Volume UPS reported a 5.1 percent gain in net profit in the third quarter on Tuesday, to $1.04 billion, as pricing...
Lufthansa Cargo Workers Strike Against Flight Ban Lufthansa Cargo employees walked off the job at Frankfurt airport Tuesday to protest a temporary ban on night flights at...
Used Commercial Truck Sales Rise in September Used truck sales bounced back in September after an extended slump during the summer, according to commercial vehicle research group...
CP Profit Falls 5.3 Percent as Intermodal Shrinks Third-quarter profit fell 5.3 percent at Canadian Pacific Railway to $184 million (C$186.8) million, as it lost 10.1 percent of...
Paccar Hits $4.26 Billion Quarterly Sales Record Truck manufacturer Paccar reported the highest quarterly revenue in its history as U.S. truck operators raced to replace aging heavy...
Ryder System Profit Up 44 Percent Ryder System increased net profit 44 percent from a year ago to $56.9 million as acquisitions and organic growth boosted...
EU Trust Busters Reject Sea France Restructuring European Union regulators rejected a $230 million restructuring of Sea France, casting doubt over the survival of France's state-owned freight...
Japanese Ship Orders Fall 77.1 Percent Japanese export ship orders fell for the fifth straight month in September on a year-over-year basis, plunging 77.1 percent to...
Shippers See Some Port Calls Skipped, Cargo Rolled Some trans-Pacific ocean carriers are skipping port calls and holding back vessel departures if bookings are weak, illustrating how feeble...
SIA Adds Frankfurt-Singapore Freighter Singapore Airlines is adding twice-weekly freighter service between Singapore and Frankfurt, adding Asia-Europe capacity just as a ban on night...
DP World Box Volume Jumps 10 Percent DP World's 10 percent year-over-year boost in container traffic in the third quarter was driven by strong growth at the...
Horizon Lines to End Trans-Pacific Services Horizon Lines is discontinuing its money-losing trans-Pacific service, a route that sought to sail in a niche market underneath the...
SSL's revenue up but profits down Intra-Asia container carrier Samudera Shipping Lines (SSL) saw its turnover soar by 24.5% to USD336.2 million in the first nine months of 2011 compared with the ...
AAPA urges Harbour Maintenance Tax to be used for dredging The American Association of Port Authorities (AAPA) wants USD6 billion collected from US Harbour Maintenance Tax (HMT) to be used to fund the dredging of harbour ...
Northern European ports 'still best' for central Europe Recent research carried out by Netherlands-based analyst NEA for the ports of Rotterdam, Antwerp and Hamburg shows that much of central Europe is still best served ...
Rena salvage moves forward The latest information released by the state agency Maritime New Zealand (MNZ) suggests that considerable progress has been made in pumping oil off the stricken ...
Australian navy rescues Maersk ship The Royal Australian Navy has stepped in to prevent another potential maritime disaster in Australasian waters after a Maersk-chartered container broke down near ...
Horizon to cut transpac service Just 10 months after launching its only transpacific service - the Five Star Express (FSX) - Charlotte-based Horizon Lines has announced that it is closing the ...
DP World up another 10% DP World has continued to out-perform the global average growth stakes of 7% t0 8% with its portfolio of container terminals registering a 10% rise in throughput ...
SITC posts mixed results Shanghai-based SITC International Holdings Company, which operates a range of intra-Asia liner shipping and logistics services, mainly centred on China, has announced ...
Vopak announces part ownership of South China storage facility Storage will be available to south east Asian countries as well as the domestic market.
IFO prices firm in Fujairah In Cape Town, MGO deliveries were available for supply up to and including November 8.
Call for clarity on sulphur regulations 'The industry needs to be clear that there will be regulations and that there will be no delays,' legislators told.
Rotterdam prices firm Supplier tight for LS products in Hamburg.
Energy savings will be 'clear and transparent' International Paint says ship operators will be able to measure the reduction in energy use.
Cruise ship operator calls for ECA 'flexibility' 'Averaging' is the most appropriate way the cruise industry can comply with sulphur rules, says Carnival UK.
Bunker prices up at major Asian ports Supplies of bunker fuel mixed at key Asian ports on Tuesday.
Andatee chief buys more shares CEO buys 18,282 company shares over two transactions on October 20.
Star Reefers Q3 losses widen Weak freight rates and high bunker fuel costs take their toll.
Chemoil moves to new office New office location effective October 17.
Almost a third of grounded vessel's bunker fuel removed Some 480 mt of oil pumped off Rena as of Monday afternoon.
Construction of bunker tanker newbuilds unaffected by Thailand floods ES Group will continue to assess flood situation, says CEO.
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