Shipping News- Neptune Orient Seeks $500 Million Cost Cuts, Higher Cargo Rates - BusinessWeek February 22, 2012Neptune Orient Seeks $500 Million Cost Cuts, Higher Cargo RatesBusinessWeek23 (Bloomberg) -- Neptune Orient Lines Ltd., parent of Southeast Asia's biggest container line, plans to cut costs by $500 million this year and increase freight rates after posting its biggest quarterly loss in a decade. Spending cuts will come from ...NOL posts 4Q loss amid fre […]
- Research and Markets: Netherlands Freight Transport Report Q1 2012 - SunHerald.com February 22, 2012Research and Markets: Netherlands Freight Transport Report Q1 2012SunHerald.comBusiness Monitor International's Netherlands Freight Transport Report provides industry professionals and strategists, corporate analysts, freight transportation associations, government departments and regulatory bodies with independent forecasts and ...and more » […]
- Kostrzewa: Port prepares for cargo shipping - The Providence Journal February 22, 2012Kostrzewa: Port prepares for cargo shippingThe Providence JournalBut managers at the Quonset Business Park in North Kingstown have been preparing for short sea shipping for years. The park won a $22.3 million federal grant in 2010 for improvements to the area that include acquiring a mobile crane that will be based ...and more » […]
- AGL Resources Reports Fourth Quarter and Year-End 2011 Earnings - Reuters February 22, 2012AGL Resources Reports Fourth Quarter and Year-End 2011 EarningsReutersWith the completion of the Nicor merger, financial reporting segments for AGL Resources have been modified to the following: distribution operations, retail operations, wholesale services, midstream operations, cargo shipping and other (a non-operating ...and more » […]
- U.S. bound cargo remains vulnerable to terrorists, WMD - Examiner.com February 22, 2012U.S. bound cargo remains vulnerable to terrorists, WMDExaminer.comIn response to the SAFE Port Act requirement to implement a pilot program to determine the feasibility of 100 percent scanning, CBP, the Department of State, and the Department of Energy announced the formation of the Secure Freight Initiative (SFI) ...and more » […]
- Neptune Orient Seeks $500 Million Cost Cuts, Higher Cargo Rates - BusinessWeek February 22, 2012
Author Archives: KeyCargo
Optimistic Outlook for Persian Crude Shippers
The outlook for the largest crude oil carriers is turning optimistic as the winter season begins to cause an increased demand for oil. Carriers which deliver 2 million barrels of oil from the Persian Gulf to Asia switched from negative … Continue reading
Posted in Shipping News
Tagged Herman Hildan, Persian crude oil, Platou Markets AS, winter demand
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Rents for Panamax Ships On the Rise
Rents for Panamax vessels have experienced record increases over the past four months of operation as US grain imports and coal imports to China fueled demand. Panamax ships are the largest vessels which are capable of navigating the waters of … Continue reading
Posted in Shipping News
Tagged Asia, Atlantic Ocean, China, Panama Canal, panamax ships, US
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Nordic Tanker Stock Stressed
Overall trading on shares in the services sector and transportation industry are not doing well, and Nordic American Tanker Shipping has felt the pinch, as indicated by the fact that the value of its shares have experienced a 14.8% decline … Continue reading
Posted in Shipping News
Tagged Nordic American Tanker Shipping, Nordic American Tankers Limited
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OOCL Posts 2nd Quarter Stats
Orient Overseas Container Line, OOCL, posted what it described as “disappointing” second quarter statistics as rates for services compete with rising operational costs on the east-west trades. The bad news comes in spite of the fact that second quarter volumes … Continue reading
Controversial Derivatives Debated at London Conference
The pros and cons of derivatives were hotly debated at the recent Containerization International shipping conference in London. Derivatives can affect some of the major shipping companies around the world, such as Gold Star Lines, Tanker Pacific and APL, and are … Continue reading
Posted in Shipping News
Tagged APL, Containerization, Derivatives, Gold Star Lines, Jean Louis Cambon, Nicolas Sartini, SCFI, Shanghai Containerized Freight Index, Tanker Pacific
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Textainer CEO to Retire
John Maccarone, Textainer Group Holdings Limited’s CEO announced that he would step down to retirement later this year. He wills till remain with a significant amount of stocks and be a director in the company. Philip Brewer is et to … Continue reading