|SEPTEMBER 24, 2013|
- International Chamber of Shipping backs emission reporting, but that's all
- OOCL switches US$105 million in intermodal business from CP to CN
- Hapag Lloyd's US$338 million bond to pay debt well oversubscribed
- Singapore's rosy trade numbers rescued by oil as other segments decline
- Cargo volume on Pearl River and its tributaries grows 15pc in August
- Many China yards expected to fail despite topping Korea in orders
- Westports cites double-digit compound growth as IPO bid takes placements
- Limiting wreck removal liability creates fresh problems: British official
- US Senate mulls bill to fight cargo diversions via Canada and Mexico
- Canadian Pacific shuts shop, Ottawa backs noise protest, 130 local jobs lost
- India's Bhavani Shipping Services moves east, opens office in Port Klang
- Cargotec's Kalmar to supply 6 E-One2 RTGs to Indonesian Surabaya terminal
- IMarEST carbon emission conference on mandatory controls October 22
- Maritime corrosion protection conference in Shanghai October 24
- Air France to shed 3 freighters, close cargo centre to cut costs
- Logistics confidence index rising, indicates improving air freight
- Turkish Cargo flies to Singapore via Karachi and 47 network destinations
- Imperial Air Cargo demands probe into South African Airways Cargo pricing
|SEPTEMBER 23, 2013|
- BBC Chartering assists rescue operation of Syrian refugees
- CSCL, UASC launch container service covering Japan, South Korea, Central & South China & Thailand
- Debashis Dutta takes over reins at FFFAI
- Djibouti launches construction of two new ports
- Felixstowe boosting capacity to handle 18,000-TEUrs
- ICS Mumbai & SPNM come together in organising an evening seminar on 'Preserving professionalism in the shipping industry' at the NSCI Worli on Oct. 18
- Shipping confidence holds firm
- South Carolina Ports Authority posts highest monthly cargo volume since 2008
- ZIM Container Service Pacific (ZCP) adds Qingdao call
- Port of Antwerp & EXMAR announce strategic alliance for LNG bunkering
- Port workers plan strike on Oct. 4
- Duty drawback rate hike will boost garment exports: AEPC
- Forex reserves up by $544.7 m to $275.35 bn
- FY13 iron ore exports dip 70 pc
- JSPL to set up 350-MW power project in Liberia
|SEPTEMBER 24, 2013|
- Development of first trolley-truck goes ahead
- Khazan-Radzhin railway line reopened
- First landing of B747-8F in Hahn
- Safmarine wins ocean supplier excellence award
- Boeing to close C-17 facility in 2015
- Drewry: Brics still growing strongly
- Burghausen terminal with new operator
- Gulftainer reinforces international operations
- New Impatex London airports account manager appointed
- New bond for Hapag-Lloyd
- Rift Valley Railways reopens railway line to Uganda
- Amber Road buys China's Easy Cargo
- Fingerspitzen und Gabelstapler
- Umbau - Neubau - Ausbau
- China Southern increases Istanbul capacity
|SEPTEMBER 23, 2013|
- Halifax Shipyard wins commercial ship repair contracts
- Gulf Navigation to sell its VLCCs
- Rickmers in JV with Apollo Global
- Royal Princess loses power in Mediterranean
- Ulstein Verft delivers final vessel to Blue Ship Invest
|SEPTEMBER 23, 2013|
- Coast Guard detains vessel for numerous safety issues
- Trees to come down near Portland Airport
- Dow Jones taps Mitsui for Sustainability Index
- Port of Seattle releases August container numbers
- DOC trade delegation to talk cybersecurity in Saudi Arabia/Kuwait
|SEPTEMBER 23, 2013|
- Diana confirms Deiulemar kamsarmax buy
Stefania Lembo to be named Myrsini after delivery in October
- Navios Acquisition clinches rate hike for six LR1s
Charterers extend for 12-18 months with better base rates
- Strong support maintains capesize rates
China generates steady demand for imported iron ore
- European shortsea players launch north-south service
Team and OPDR will link Bilbao, Felixstowe and Rotterdam
- Baltic players could be exempt from ballast-water convention
Helcom ministerial meeting will debate new rules' scope
- Valencia pilots LNG-powered tractor
Unit fitted with emission-control technology will move box-handling equipment
- Time to address LNG bunkering rules
National handling regulations confuse owners and port developers alike
- Maersk tightens winter schedule Baltic calls
Central America-Europe service will serve Kotka and St Petersburg by feeder
- P3 plans fourth-quarter schedule announcement
Contract negotiations continue as network pledges to improve frequency and reliability
- Global Ports Investments posts 2.6% dip in first-half revenues
Long-term growth outlook positive as Russian containerisation grows, says chairman
- Evergreen mourns chairman Wang
Chang named acting chairman
- Singapore secures central role in LNG shipping developments
City state will increase its clout as its gas imports rise
- Gently up the stream - by gas
River vessel operators of inland barges see the benefits of LNG
- Hapag-Lloyd bond issue raises $338m
Proceeds will mainly be used to pay down debt
- Rickmers joins US fund in ship-purchase joint venture
German owner names Apollo Global Management as partner
- Swedish police investigate master's attempt to flee with detained ship
Ageing bunker vessel grounds in Stockholm archipelago
- Ariston orders more Sea Stallion bulkers
Eight high-spec handysize vessels confirmed at Jinling
- KDB helps Polaris to secure $216m loan for VLOCs order
Four very large ore carriers to be built at Hyundai Samho Heavy Industries
- HHI lands $12bn in new orders
January-August bookings make up some 90% of South Korean giant's annual goal
- Gulf Navigation's board recommends VLCC exit
Decision comes after Gulf Sheba seized in Rotterdam last week
- Shipping fears excess tonnage and heavy-handed regulation
But confidence levels stay at recent high, Moore Stephens survey finds
|SEPTEMBER 23, 2013|
- PETRONAS reported to order 4 LNG carriers
MALAYSIA's national oil and gas producer PETRONAS has reportedly placed four firm orders for LNG carriers with Hyundai HI, with options for another four ship
- DNB targets Gulf Nav's final VLCC
DUBAI-based Gulf Navigation said today it will exit the VLCC market, while DNB has now moved to arrest and foreclose on its Gulf Eyadah
- India seen as weak BRIC
INDIA is the weakest link in the BRIC countries when it comes to box trades, according to the London-based shipping consultancy Drewry
- Nanjing Tanker sees year four of losses
NANJING Tanker, a Chinese tanker operator, today estimated it would post losses for 2013, because of depressed crude freight rates
- Keppel wins deals for new Azerbaijan yard
SINGAPORE's Keppel O&M said it had clinched two contracts together worth about $50M through its newly launched 62ha yard in Baku, Azerbaijan
- Sevan raises loan total to spinoff Logitel
SEVAN Marine of Norway said today it has agreed to increase a convertible loan to spinoff company Logitel Offshore by $9M to $60M
- Rickmers, Apollo form investment JV
APOLLO Global Management of the US and Hamburg shipowner Rickmers today said they have formed a box ship investment JV
- Long-haul box rates fall more
ASIA/Europe and trans-Pacific rates are continuing to drop ahead of the end of the peak season
- Tankers suffer in Middle East crisis
POLITICAL instability in the Middle East is spelling more trouble for the already-struggling crude tanker segment, RS Platou said in its latest monthly report
- Two banks to join Chinese FFA trade
CHINA Construction Bank and Bank of Communications are to join the yuan-denominated FFA trade
- Lianyugang port to issue bonds
SHORT-term financing bonds worth 1.4Bn yuan ($228.7M) will be issued on 26 September by China's Lianyungang port, Shanghai Clearing House announced todayc
- Capesize period hires surge
SEVEN Capesize period hires were on the market last week as spot rates hit a new three-year high of $37,443 per day last week
|SEPTEMBER 23, 2013|
- Container Traffic for Ports of Seattle, Tacoma Declined in August
The ports of Seattle and Tacoma's combined container volume in August was 296,289 20-foot-equivalent units, declining 5.5 percent from 313,602 TEUs in August 2012. Loaded international containers moving through the nation's largest port complex dropped 6.6 percent over the level seen in August 2012, with imports down 9.2 percent year-over-year and...
- Vitran Sells U.S. LTL Business for $2 Million
Trucking company Vitran is on a route back to Canada across Detroit's Ambassador Bridge. Matthew Maroun, the owner of the Ambassador Bridge and a trucking empire that includes Central Transport and Universal Transport Services, will pay $2 million for the U.S. less-than-truckload operations of Vitran. The acquisition is expected to close in...
- First 13,800-TEU Ship Delivered for Evergreen Service
A Greek shipowner-charterer has taken delivery of the first in a series of 10 ships with capacities of 13,800 20-foot-equivalent units that will be deployed on Evergreen Line services. The Thalassa Hellas was delivered to Greece's Enesel by Hundai Heavy Industries of South Korea. The ship was named last week in a...
- South Carolina's Inland Port to Test Potential for Short-Haul Intermodal
When the South Carolina Ports Authority broke ground for an inland port at Greer, S.C., it implemented a strategy that was based upon securing an anchor tenant and linking that exporter to the Port of Charleston with multi-modal transportation options that include short-haul rail. Developing a port-dependent inland facility can not...
- Evergreen Marine Chairman C.J. Wang Dead at 61
Capt. C.J. Wang, chairman of Evergreen Marine Corp., died of illness Sept. 20 at the age of 61, the company said. Evergreen President C.Y. Chang will take over the chairman's duties temporarily until the board elects a new chairman. Capt. Wang joined Evergreen in 1976 as a third officer, was promoted to captain...
- Early Days at Overnite, Economic Regulation and Expansion
The second part of a special program on Overnite Transportation founder J. Harwood Cochrane, 100 years old, and the rise of the trucking industry. Senior Editor Bill Cassidy interviews Cochrane and UPS Freight President Jack Holmes about the early days of Overnite and the company's expansion, largely through acquisition, in...
- Port Manatee, Pasha Group to Develop Ro-Ro Terminal in Florida
An aerial rendering of the planned ro-ro terminal at Port Manatee.Port Manatee and The Pasha Group are teaming up to develop and market a roll-on, roll-off terminal near the entrance to Tampa Bay in Florida. Port Manatee and Pasha Group officials met to sign the MOU. Full-size image The initial agreement between Pasha,...
- Hapag-Lloyd to Launch Black Sea Service
Hapag-Lloyd's new Black Sea Feeder rotation.Hapag-Lloyd will launch a Black Sea Feeder service connecting Egypt's Port Said with ports on the Black Sea and in Israel and Turkey. The fixed-day, weekly service will start in the beginning of October with the following port rotation: Port Said; Ashdod, Israel; Istanbul, Turkey; Constanta,...
- High Sulfur Bunker Fuel Prices at 11-Week Low
Bunker fuel prices - Rotterdam Full-size image Spot prices for high sulfur bunker fuel declined for a third consecutive week in the week ending Sept. 20, to the lowest level since July 5, according to daily BunkerVision price data via international marine fuel oil broker LQM Petroleum Services. High sulfur prices have decreased...
- Restraining Order Ends Strike Against Wheeling & Lake Erie Railway
U.S. District Court Judge John R. Adams has issued a temporary restraining order in Akron, Ohio, ending a strike by workers with the Brotherhood of Locomotive Engineers and Trainmen union against the Wheeling & Lake Erie Railway. According to court documents filed by the regional railroad, which normally operates an average...
- Rickmers Teams Up With US Investor to Buy Container Ships
Rickmers Group, the German shipowner, has established a joint venture with funds linked with U.S.-based Apollo Global Management to buy container ships. The joint venture has $500 million available to invest in second-hand vessels over several years. Hamburg-based Rickmers said it will provide technical and ship management services for the jointly acquired...
- Global Ports' Profit Falls Nearly 26 Percent
Container terminal in St. Petersburg.Russia's Global Ports reported its first-half net income fell 25.9 percent from a year ago to $53.7 million on stagnant container traffic and lower oil products shipments. The London-listed company, which accounts for 30 percent of Russia's container traffic, saw revenue dip 2.6 percent to $249.1 million...
- TPA applauds House T&I Committee passage of WRRDA legislation
TAMPA, Fla.- The Tampa Port Authority (TPA) is very pleased to recognize and strongly support yesterday's passage of legislation through the U.S. House Transportation and Infrastructure (T&I) Committee that streamlines and reforms federal processes related to dredging in our nation's harbors. This legislation also authorizes needed investment in various American...
- Port of Tampa to showcase new AMPORTS facility at Automotive Logistics Global Conference in Detroit
TAMPA, Fla.-The Tampa Port Authority (TPA) announced that the new Port of Tampa AMPORTS auto-processing facility will be showcased at the Automotive Logistics Global Conference, to be held in Detroit, September 24-26, 2013. Raul Alfonso, the port authority's executive vice president and chief commercial officer, will be a featured speaker...
- Florida Ports and Partners Meet with Congressional Leaders in Support of Critical Port Legislation
TALLAHASSEE, Fla. (September 20, 2013) - Florida port directors and transportation leaders met with more than 20 congressional members in Washington D.C. this week on top seaport issues, specifically discussing the House Water Resources Reform and Development Act (WRRDA) and its importance to Florida seaports. For the Washington Fly-In, the...
- FedEx Joins Asia Pacific World Leaders To Discuss Global Trade
HONG KONG, September 23, 2013 - Executives of FedEx Corp. (NYSE: FDX) have been invited to attend the APEC CEO Summit, along with the world's top business and government leaders in Bali, Indonesia October 5 to 7. By providing a forum for the Presidents of the Asia Pacific economies, and for...
- Kalmar introduces its latest forklift to the North American market
Kalmar, part of Cargotec, presents its latest range of forklift trucks to the North American customers at Breakbulk Americas 2013 exhibition on 23-26 September in New Orleans, USA. The DCG90-180 range is part of Kalmar's new 'G' generation of counterbalanced equipment, which was introduced to the European audiences in 2011. Thomas...
- Online Master of Science in International Logistics Management
Online Master of Science in International Logistics Management from Maine Maritime Academy Loeb-Sullivan School of International Business and Logistics The Loeb-Sullivan School offers an online MS degree program, which launched in the fall of 2013. This builds on the successful campus-based MS in Global Logistics and Maritime Management program that has...
|SEPTEMBER 23, 2013|
- Cape for Cobelfret
Louis Dreyfus has secured period work for one of its two owned capesize bulkers in a red hot market.
- Iraq to boost output
Oil shipments from Iraq will rise for the rest of September after a pipeline was fixed in a southern oilfield.
- Topaz clinches finance
Topaz Energy and Marine has closed out a financing deal with for 12 offshore support vessels.
- Navig8 stretches six
Navios Maritime Acquisition has secured a payrise for six product tankers known to be on hire to Navig8.
- Ultrapetrol tops up
Argentina-based Ultrapetrol shipowner is tapping investors for a further $25m.
- Diana hammers out another
Diana Shipping has confirmed a successful swoop on an auctioned Deiulemar vessel.
- More for Baltic Trading
The underwriters of New York-listed bulker owner Baltic Trading's latest offering have snapped up another 1.8m shares, worth $8.5m.
- Crude terminal on hold
A company developing a potential Lake Superior crude tanker terminal has mothballed the project for the time being.
- Precious makes it four
Precious Shipping has continued to build its orderbook with a contract for a fourth cement carrier at Shanhaiguan New Shipbuilding in China.
- Global Ports profit down
Global Ports has seen its bottom line curbed by the falling value of the Russian rouble.
- Union backs Steam Packet
The RMT union has pledged to back the Isle of Man Steam Packet Company as it prepares to face the threat of fresh competition.
- Geden sells a sixth
Turkish owner Geden Lines has continued its selloff of assets, brokers say.
- Eimskip kept in the dark
Icelandic container line Eimskip has failed in its bid to learn the reason behind a series of dawn raids on its offices this month.
- Gulf Nav price jumps
Shares in Gulf Navigation soared today after the company confirmed its intention to quit the VLCC sector.
- Capes in demand
Demand for an extra 430 capesize bulkers could emerge as the world's four largest iron ore miners ramp up production, Jefferies says.
- New team for Spain
Oldenburg-Portugiesische Dampfschiffs-Rhederei (OPDR) and Team Lines are joining forces for a new run from Spain.
- Crew contains fuel leak
A Greek-managed boxship has escaped a fine for a small oil spill in the Brazilian port of Manaus.
- Eco a "bonus"
Eco credentials offer a "nice bonus" for owners looking to buy new bulkers today but Clarksons doubts if buying the ships is necessary.
- Aliyev opens Baku yard
Azerbaijan's president Ilham Aliyev has officially opened the country's new shipyard as it prepares to build up to eight ships a year.
- Rickmers deepens PE ties
Rickmers Group has entered into a vessel acquisition joint venture for with another private equity company.
- Aquinas fuel removal halted
The removal of fuel from the sunken St Thomas Aquinas has been halted by heavy swell off the Philippines.
- Golden denies double deal
Golden Ocean has distanced itself from the purchase of two kamsarmax resales at New Century Shipbuilding.
- GPRT scraps boxship
Goldenport Holdings confirmed Monday that it had disposed of an elderly containership as it continues to spruce up its fleet.
- Glenn suspended
The US navy has barred Singapore shipowner Glenn Defense Marine Asia from further contracts after its president was arrested on bribery charges.
- Cadet killed by rope
A cadet has been killed and two port workers badly injured during the berthing of a general cargoship in Turkey.
- Korean bulker aground
A South Korean-owned kamsarmax bulker has reportedly run aground off the Russian port of Vysotsk.
- Princess lost power
A recently delivered Princess Cruises ship was temporarily left without power on Sunday during a cruise in the Mediterranean.
- Cape resales near $50m
A Japanese-owned capesize newbuilding resale looks poised to set a new benchmark for secondhand values.
- Gulf confirms VL exit
Gulf Navigation has confirmed plans to exit the VLCC sector and concentrate on the chemical tanker segment.
- Hapag taps investors
Hapag-Lloyd has successfully tapped institutional investors to raise EUR 250m ($338m) from a bond issue.
|SEPTEMBER 23, 2013|
- Drewry: East-West rates rise in August as capacity tightens
- YRC Freight shuffles top management
James Welch has been appointed president of YRC Freight in addition to his duties as chief executive officer of YRC Worldwide. Welch, who has worked as CEO since July 2011, takes over immediately for Jeff Rogers.
- New York tackles freight rail challenges
Since taking office 33 months ago, Gov. Andrew Cuomo has made infrastructure development a key component of his economic agenda, as embodied in the 2012 New York Works initiative passed by the state legislature.
- House aviation caucus hits membership milestone
- Insurers told containerships need better firefighting
"Fire protection systems have not yet realized that cargo is now transported in containers, as it has been for the last 30 or 40 years. Crews do not have the systems to fight fire," warned a German insurance official.
- CN considered large crude shipments
- Pasha finishes Grays Harbor upgrades
- Cargo growth still impressive at BRIC countries
- 'Cat fines' pose danger to ship engines
- Swift: HOS rules reduce utilization 2%
- Hapag-Lloyd sells bonds
- ITC rejects countervailing duty call for shrimp imports
- DHL: Fashion shippers need agile supply chains
- Kewill unveils new integrated transportation platform
The new platform, called Kewill MOVE, is intended to allow Kewill to tap into a wider base of potential users, including deeper offering for beneficial cargo owner (BCO) verticals, the logistics and trade software developer said.
- Rickmers, Apollo jointly invest in containerships
- MOL improves on six North America metrics in August
|SEPTEMBER 23, 2013|
- Huge hull could 'capture wind power'
Fuel consumption would be more than halved, claim designers.
- IFO prices show firm in Fujairah
Distillate prices falling in South Africa.
- Prices weakening across Europe
Sharp falls in Southern Europe.
- Monjasa redeploys bunker trader
Move to meet growth in United States.
- Supplier confirmed in 8-strong scrubber order
DFDS puts faith in technology as 'most efficient alternative to using expensive LSFO'.
- Shipping bank sees cause for optimism
'We believe 2014 will be better than 2013 and that 2015 will be better than 2014.'
- Falling demand stimulates interest in LNG as marine fuel
European terminals are casting around for alternative markets for LNG.
- US Navy backs alternative fuels project with $30 million
'The United States Navy and Marine Corps rely far too much on petroleum.'
- Bunker tanker grounded
Swedish police trying to determine whether captain is at fault.
- New refinery begins exports with parcel of fuel oil
Two more cargoes expected to be offered.
- Week starts with general fall in bunker prices
Public holiday in Japan.
- Fuel siphoning ops temporarily halted for sunken ferry
High waves disrupt bunker removal.
- Slow steaming the big fuel saver, says analyst
Clarkson argues that the practice will keep older tonnage in play.
- Bad weather hitting Hong Kong bunker deliveries
Suppliers recommend bunkering in port waters instead of South Lamma.
- Box ferry newbuilds hold prospect of big fuel savings
G4 Conro vessels able to travel 10% faster, while consuming 50% less fuel per TEU.