Piper's Pipeline: August 22 - August 26, 2011

Piper's Pipeline: August 22 - August 26, 2011

by Don Piper
26. August 2011 15:52

Risk

  • Six oil spills in Nigeria this month from one Shell pipeline and damage to a second line have caused a temporary halt to production. Divers employed by Shell turned off a valve in the North Sea that had caused the worst leak in the UK in years.

Tolls

Chicago Skyway Toll Bridge

  • The Illinois Tollway said to expect a toll increase by 60% between 2015 and 2017. Tolls on cars using the toll roads in IL are scheduled to increase by about 88% starting January 1. Commuters that use electronic tollway passes (I-PASS) have not had a toll increase in 28 years.
    • A 5-axle truck running the 96-mile segment of the Reagan Memorial Tollway from Chicago to Dixon currently pays tolls of $27 daytime or $20.30 at night. A 60% increase would amount to $43.70 daytime or $32.40 at night, starting January 1, 2017.
  • APL will move its port call from New York Container Terminal on Staten Island to Maher Terminal at Elizabeth, NJ. This results from toll increases approved by the Port Authority. The relocation comes from the expiration of the carrier's lease. It gives the carrier more space and avoids the toll increases. APL accounts for more than 1/3 of the New York City terminals.

Ports and fleets

  • A planned port expansion in India includes construction of 7 ports by 2017 at a cost of $7.6 billion in public and private funds. The 2 top container ports have experienced severe congestion, forcing the application of surcharges and the diversion of cargo.
    • India currently has 13 major ports administered by the federal government, handling 561 million tons of cargo in 2010. The plan is to triple exports from $225 billion in 2010 to $750 billion by March 2017, according to the trade ministry.
  • In India, a 4-day strike by truck drivers has further complicated the congestion at the Port of Chennai. The union drivers walked off their jobs because of an assault of one of their coworkers by a port official. There was no warning of a problem, just an immediate departure from their jobs.
  • Container ship owner Charter Seaspan expanded its fleet to 65 vessels by accepting its fourth 13,000-TEU ship.
  • The acquisition of a ferry operation in the North Sea and Baltic market has helped DFDS to realize profit of $58 million, an increase of 113%. DFDS's purchase of Norfolkline from AP Moller-Maersk in July 2010 resulted in higher profits than expected.

Trade

  • In June, the US trade deficit was at its highest level since 2008. Slumping exports exceeded the decline in imports, causing the difference by 4.4% according to Commerce Department figures.
  • After 17 months of month-to-month growth the Japanese ship orders declined 58.2% in July. Between June and July, shipbuilders received orders for 133 export ships, 122 bulk carriers, 5 tankers, 4 general cargo and 2 marine resource research vessels.

Air

Lufthansa A380 Frankfurt airport

  • The proposed ban of nighttime flights at Frankfurt Airport would permit the Middle East to surpass Europe as a global cargo hub, according to the Lufthansa CEO. Dubai plans to increase its cargo capacity, and the area has attempted to lure the traffic from Frankfurt. A court in Leipzig will rule on the ban. The proposed ban would come at a time of an expansion at Frankfurt in the fall, just before a new runway is scheduled to open. Industry representatives warn that the ban would result in the loss of thousands of jobs for truckers and freight forwarders.
  • Tonnage through Taoyuan, the largest airport in Taiwan, fell to 817,433 metric tons during the first half of 2011. This is a 6.7% decrease year over year.
  • Memphis International Airport has seen a 2.1% increase in cargo traffic since last June's total. This follows a 5.4% decline in May.

Images by Zol87 and chinaoffseason

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