|SEPTEMBER 2, 2014|
- A-E rates off 2.1pc to US$1,083/TEU, transpac up 6.6pc to $2,178/FEU
- 12 ships turned back from LA 6 days when Gypsy Moth larvae found aboard
- Cosco to build 45 ships using Beijing scrap and build subsidy scheme
- NATO warships to patrol Mediterranean to prevent terrorist attacks
- Carrier sales teams lose out on price because that's all they focus on: Study
- Halifax Port wins an upgraded credit rating of A+ from Standard & Poor's
- Frisco's controversial Ninth Circuit appeals court reverses decision on FedEx
- US foreign trade zone volume continues to set new records in 2013
- Hong Kong bans Salem, New Jersey poultry imports after avian flu outbreak
- Transcontainer first half profit down 28pc to US$70.1 million, sales slip 4c
- Rising star Tanger Med box port wins US$10 million cold warehouse deal
- Disruption ends on Dakar-Mali railway after 8 locomotives come into service
- CMA CGM reefer chief gives keynote at Cool Logistics meeting September 30
- Korean Air resumes mid-month thrice weekly Tel Aviv flights cut since Gaza
- WFS wins contract to operate new cargo terminal at Milan Malpensa Airport
- US low cost, all-cargo carrier starts operations for Finnish airline
- ABX Air loses contract to operate four freighters on behalf of DHL
|SEPTEMBER 1, 2014|
- AMTOI's 15th AGM tomorrow
- Annual NYK Report issued
- Box Clever - Container Forum at Intermodal Europe 2014
- CMA CGM to launch joint service between North East Asia, Australia & New Zealand with CSCL, OOCL & PIL
- Evergreen Line charters ninth mega box vessel
- Experts to address regional maritime industry at Dubai event in Oct.
- Sea spray icing models to be improved
- GVK allowed to import coal from SA
- India, Pak associations sign MoU to boost auto parts trade
- ChPT may charge non-cargo vessels higher berth rates
- Congestion in major global ports leads to schedule reliability decline in July
- Consultant to be appointed for facilitating corporatisation of Major Ports
- India allocates $ 100 m to upgrade Iran's Chabahar port
- Road Traffic Act to replace Motor Vehicles Act, says Gadkari
- Gujarat Maritime Horizon 2014 deliberates on the essentials of creating a world class university, giving further impetus to logistics
- Nadir Godrej to grace MALA 2014 as Chief Guest
|SEPTEMBER 2, 2014|
- ECL augments rail services
- Truck sales shrink drastically in Russia
- Sister company founded by Battermann & Tillery
- Multi-million facelift for Re460 fleet
- NYK opens new planning centre in Kumamoto
- Germany: enthusiasm waning for super lorries
- Former TSA expert joins Command Consulting
- REL celebrating on two fronts
- AF-KLM-Martinair Cargo serving Guatemala
- CSAV reports hefty Q2 loss
- Room for more goods at expanded facility
- Fraport operations boss retires
- New investment at Chicago Rockford airport
- DB Schenker expands in Serbia
- Russian seaports record biggest volumes in Baltic
|SEPTEMBER 1, 2014|
- Samsung Heavy in merger with Samsung Engineering
- Ultra Deep orders DSCV in China
- Videotel launches new fire fighting series
- HOS OSVs win Navy contract
- NASSCO gets $140 million Navy contract mod
|SEPTEMBER 1, 2014|
- Small technology, big data
Lloyd's Register Foundation report investigates the future of the very small and the very big
- Mixed signals from demolition sector
Some buyers are bullish while others opt to wait and see
- Ahrenkiel Steamship merger boosts MPC results
Restructured investment manager hails 'initial signs of recovery'
- Almost $3bn invested in new LPG ships this year
The LNG bubble has burst - now can the LPG sector escape the same fate?
- Shippers and forwarders: we want to hear from you
Containerisation International's annual shipper survey now live
- DS Victory sale for $33.6m highlights firm secondhand VLCC prices
Robust charter market boosts vessel values for the largest crude tankers
- NordLB books a $136m first-half loss on shipping
Industry crisis will last 'some time yet', warns Hamburg-based bank
- Oil siphoning piracy increasingly looks like an inside job
Leaked knowledge of a ship's cargo and route allows attacks to be made just outside of jurisdiction
- Congestion impacts ocean-carrier reliability
Global on-time performance falls for first time since February
|SEPTEMBER 1, 2014|
- Maritime training centre opens in Angola
Angolan public sector energy company Sonangol and Sweden's Stena Group have opened Centro De Formação Maritima De Angola (CFMA), which they describe as Africa's most modern maritime campus. The maritime faculty of City of Glasgow College will manage from the outset the facility, which "will be an
- Ecoships launches next-gen bulker design
Ecoships today introduced a new bulk carrier design "to set the standard in ecologically compatible marine transportation". The technical ship management arm of Newport Shipping Group said the design is "inspired by the low friction to water flow and self-cleaning properties of the lotus flower - a
- Tsuneishi Zhoushan wins 'Tess 58' duo
China's Tsuneishi Zhoushan has won an order for two Tess 58-type bulkers from Pacific Basin Shipping of Hong Kong. Delivery of the two 58,000dwt vessels, for which the shipbuilder has allocated yard numbers SS-190 and SS-191, is scheduled for June and September 2016. Under an order for four similar
- Taizhou Sanfu bags Nova tanker options
Chinese shipbuilder Taizhou Sanfu Ship Engineering has secured an order for the first of two pairs of chemical tanker options from Singaporean owner Nova Shipping & Logistics. The two 34,500dwt vessels will have an overall length of 180m, beam of 30m, and depth of 15.4m. They are scheduled for
- CMA CGM raises revenues and lowers costs
CMA CGM has announced second-quarter revenues of $4.2Bn, up 3.7% year on year, with core EBIT climbing 18.4% to $204M and volumes up 8% to 3.1M teu. While average revenue per teu slipped by 3.9%, the company "maintains its commitment to operational efficiency, thereby reducing costs per teu by
- Gulfport finally to be dredged
After a long wait and the expenditure of $8M of its own funds, Gulfport will see federal dredging start tomorrow on its access channel, bringing it back to the authorised depth of 36ft (10.97m) from the present 33ft. The container, bulk, and break-bulk port on the Gulf of Mexico had its channel last
- SHI to take over Samsung engineering
Samsung Heavy Industries (SHI), the world's second-biggest shipbuilder, said today it would acquire Samsung Engineering in a KRW2.5Trn ($2.5Bn) deal. In a Korea Exchange filing, SHI said the merger would provide "a foundation to ensure top-notch competitiveness in the key market for offshore
- Ukraine patrol vessels attacked
The Ukrainian/Russian crisis has spread to the sea after two Ukrainian maritime security vessels were fired at on Sunday. An official statement today from the State Border Guard Service of Ukraine said "shelling from artillery" occurred in the Azov Sea within the Luhansk and Donetsk regions and
- Sewol captain: Lax checks 'habitual'
The captain in charge of the Sewol ferry when it capsized has told a South Korean court that standard procedure did not include thorough checks of the vessel before setting sail. The Sewol, owned by Chonghaejin Marine, capsized during a routine Incheon-Jeju trip on 16 April, leaving 304 of 476
- Barakah Offshore earnings rocket 129%
Barakah Offshore Petroleum's second-quarter earnings leapt by 129% to MYR12.3M ($3.9M). The Malaysian offshore services provider's profit surged with the completion of topside installation work as well as the start of new transportation and installation contracts during the quarter. Over the first
- Banned ship held in New Zealand
The container ship Vega Auriga, which was banned from Australian ports for three months last week, is now being held in New Zealand. Maritime NZ (MNZ) inspected the 966teu ship when it arrived in the port of Tauranga, finding 14 deficiencies, of which 11 must be rectified before the vessel can set
- Tanjung Offshore to offload subsidiary
Tanjung Offshore is to sell its entire stake in its subsidiary Tanjung Maintenance Services (TMS) to Zulkifli Bin Ahmad and Syed Elyas Bin Syed Abdullah. The deal is a management buy-out by Zulkifli and Syed Elyas, who will pay MYR9M ($2.84M) to the Malaysia-listed offshore oilfield service
- Xiamen logistics chamber fights EIR fee
The Chamber of Xiamen Logistics Industry today issued a letter to Xiamen Port Authority attacking Mediterranean Shipping Company's (MSC's) new EIR (Equipment Interchange Receipt) fee. MSC announced earlier that all shipments from Shenzhen will incur an EIR fee of CNY30 ($4.90) for each voucher from
- Zhongchang Marine trims first-half loss
Shanghai-listed Zhongchang Marine was in the red by CNY52.3M ($8.5M) for 1H14, a slightly narrower shortfall than its CNY54.2M loss in the same period last year. But the company's first-half revenue of CNY122M was down 28.97% year-on-year, while its earnings per share (EPS) continued their descent.
- Nanjing Tanker narrows losses in 1H14
Beleaguered Nanjing Tanker's losses narrowed 4% year on year to CNY700M ($114M) in 1H14 as VLCC rates rebounded. But first-half revenues dropped 20% year on year to CNY2.9Bn due to idled VLCC and MR tankers, according to a financial statement from the firm. As of the end of June, the company
- CSDC returns to black in the first half
China Shipping Development (CSDC) was back in profit in 1H14 with earnings of CNY42.6M ($6.9M), buoyed by improved oil and dry bulk shipping rates and its lower operating costs. Revenues for the bulk shipping arm of China Shipping Group climbed by 20% year on year to CNY6.3Bn on higher rates than a
- SapuraKencana finds more gas at SK408
SapuraKencana Petroleum has made another gas discovery from Bakong-1, the fifth and final well in its 2014 drilling campaign within the SK408 Production Sharing Contract (PSC) area, offshore Malaysia. SapuraKencana Energy Sarawak (SKE), a wholly owned subsidiary of the Malaysia-listed offshore
- Thai tanker robbed of lube oil cargo
Pirates have stolen a cargo of oil from a tanker off Malaysia in this year's eighth such incident in Southeast Asia waters. At about 2040 local time on 28 August, Thailand-flagged 1,569dwt products tanker V.L. 14 was hijacked about 30nm north of Pulau Tioman. Six pirates armed with guns boarded the
- Chennai port clears outer harbour plan
The board of trustees of India's Chennai port on Thursday cleared a scheme valued at more than $1Bn for privately funded development of an outer harbour. "The outer harbour will have six berths to handle containers, cars, liquid and other dry bulk," said port chairman Atulya Misra. The project was
|SEPTEMBER 1, 2014|
- Hapag-Lloyd hits Africa shippers with Ebola inspection fee
Hapag-Lloyd will begin charging an Ebola inspection fee on all shipments to and from West Africa from Sept. 21 as mandatory health checks on ships are expected to cause lengthy delays. Cargo shipments to Senegal, Ivory Coast, Ghana, Togo, Benin and Nigeria will be charged $250 per 20-foot container and $350...
- Euro mega hub yet to emerge as big ships maintain port rotations
The surging number of ultra large container ships has failed to create a European mega-hub with ocean carriers still operating multi-port rotations, according to Drewry Maritime Research. "Despite containerships doubling in size in the past 10 years on the Far East-North Europe route, there has not been a reduction in the...
- Low rates and rouble hit Fesco revenue, earnings
Fesco Transportation Group's revenue and earnings declined in the first half as a weaker rouble and lower ocean freight rates offset higher container volumes. Russia's largest liner shipping group saw revenue shrink eight percent to $513.1 million from $557.6 million in the first six months of 2013. The Moscow-based company, which is...
- Publicly owned truckers strengthen as fall peak approaches
ABF Freight saw the biggest increase in profitability on the LTL side in the second quarter, 314.5 percent.A review of publicly owned trucking company earnings in the second quarter shows the strength of freight demand building up as the U.S. economy expanded, supporting growing expectations of a busier than typical...
- Maersk slaps Sohar with port congestion surcharge
Maersk Line has levied a congestion surcharge on all North American cargo discharged at the port of Sohar in Oman from Oct. 1 as the relocation of all commercial traffic from Muscat to Sohar leads to berthing delays. "Due to heavy congestion in Sohar, Maersk Line will be implementing a port...
- Manila port is not your warehouse, PPA tells shippers
Get your customs-cleared cargo out of Manila terminals by Sept. 8 or we will do it for you, is the blunt message from the Philippine Ports Authority (PPA) that has dismayed business groups in the country. Any unclaimed cargo in the port that has already been cleared by customs will be...
- India to pilot DHL's Asia-Pacific e-commerce campaign
Deutsche Post DHL will use India to pilot the development of its e-commerce business model for the Asia-Pacific region via subsidiary Blue Dart Express. The group's new business unit, DHLeCommerce, will invest in infrastructure and the development of fulfilment centers, multiple delivery and payment options as it aims to become a...
- Last quarter push lifts regional carrier PDZ
Small Malaysian container line and regional feeder operator PDZ released its full-year results, and once again the destructive impact of weak freight rates was evident in a carrier's financials despite the line posting a pre-tax profit. PDZ only has six vessels that work the Southeast Asia trade, covering East and West Malaysia,...
- Zim heads off on new path dogged by weak rates
Zim Integrated Shipping Services entered the final stages of a debt restructuring programme after posting a mixed set of first quarter results where the carrier managed to reduce the size of its loss despite falling revenue. Downward pressure on freight rates saw revenue drop by 10 percent to $875 million in...
- Cosco orders 14,000-TEU ships in fleet renewal plan
Cosco Container Lines (Cosco) is placing an order for five 14,000-TEU vessels as it continues with an aggressive tonnage scrapping programme to revitalise both its fleet and its flagging profits. Board members of the liner shipping division of China Cosco Holdings passed the resolution after the carrier posted a disappointing first...
- Sical sells stake in MOL India auto joint venture
Sical Logistics Ltd., India's leading multi-modal logistics provider, is selling its 40.92 percent stake in Ennore Automotive Logistics, an automobile port yard joint venture with Japanese shipping group Mitsui O.S.K. Lines. "The board has approved the proposal to divest the company's entire shareholding in the joint venture unit," Sical said in...
|SEPTEMBER 1, 2014|
- Island profit stable
Norway's Island Offshore has kept its profit stable for the second quarter as revenue grew.
- HCI Hammonia loss jumps
Germany's HCI Hammonia has recorded a sharp rise in its first-half deficit due to a fleet write-down.
- Prudence for IHC
Dutch yard Royal IHC has announced plans to build a specialised vessel due to the increasing global demand for trailing suction hopper dredgers (TSHD).
- Shin Yang makes less
Malaysia's Shin Yang Shipping has seen its profit for the fourth quarter of the year slip despite increased revenue.
- Rickmers scrapes into black
Germany's Rickmers Group has revealed a small profit for the first half of 2014 as revenue shrank.
- NEL sees red again
Greece's Maritime Company of Lesvos (NEL Lines) has posted a wider loss and decreased revenue for the first half of 2014, while in the middle of debt restructuring.
- Premuda loss widens
Italian tanker and bulker group Premuda has posted a bigger loss in the first half as revenue declined.
- Small drop for Bumi
Increased revenue was not enough to prevent Bumi Armada's profit from marginally falling in the second quarter of the year.
- Havyard profit slips
Increased operating expenses have resulted in smaller profit for Norway's Havyard in the second quarter of 2014.
- NOCC offloads duo
Norwegian Car Carriers (NOCC) has revealed it has sold another two veteran vessels as it slid to a loss in the second quarter.
- GE plans to invest
India's Great Eastern (GE) Shipping has revealed plans to invest up to $380m for the acquisition of six vessels and one rig by March 2017.
- NCL eyes $3bn move for Prestige
Malaysian-owned Norwegian Cruise Line (NCL) has been linked with a $3bn move to acquire US operator Prestige Cruises.
- CSSC profit jumps
State shipbuilder China CSSC has reported a steep improvement in earnings in the first half.
- Russia seizes Zaliv
Zaliv Shipyard in Crimea has been taken over by Russian interests following the annexing of the former Ukrainian region earlier this year.
- Three dead in blast
Three shipyard workers have died in Indonesia after welding triggered an explosion on a ship.
- Cash boost for Rongsheng
China's troubled Rongsheng Heavy Industries is to recover most of the CNY 630m ($102.6m) it paid as a deposit in the aborted takeover of an engine maker.
- Samsung in $2.5bn merger
Korea's Samsung Heavy Industries is taking over Samsung Engineering in a KRW $2.5 trillion ($2.5bn) deal as the group continues to restructure.
- HUBLine inches into profit
HUBLine has reversed losses of a year ago to move into profit in the third thanks to a lack of write-downs.
- PDZ back in the black
PDZ Holdings continues on the road to recovery with a second consecutive profitable quarter, latest figures show.
- CSAV sinks to loss
Compania Sudamericana de Vapores (CSAV) made a second quarter loss of $58.5m, in figures released late Friday.
- Maritime dents NordLB
Norddeutsche Landesbank's (NordLB) shipping arm has seen a further deterioration in its financial performance.
|SEPTEMBER 1, 2014|
- Port CEO in new ECA warning
Scotland will face 'disproportionate ECA costs'.
- Prices start week mixed across Europe
Good demand reported in Hamburg.
- Regional hubs see firmer pricing
South African prices make gains.
- 'Sharp increase' in fuel thefts by pirates
High bunker prices encouraging piracy, according to analysts.
- Shipbroker tracks 'eco' ship freight rates
Differential between and 'eco' and older ships in same class to be included in weekly report.
- Refiner resumes bunker production
Rosneft's Achinsk refiner coming back on line after fatal fire.
- New storage capacity coming on line
'Most of the oil tanks have been installed with tank roofs,' says Fujairah player.
- Bunkering leads way in FESCO half-year results
Segment registers big revenue increase over other operations.
- Asian bunker prices showing mixed movements
Rates fall slightly in Singapore.
- CMA CGM revenue and volumes climb
Fuel costs per TEU fell 9.3%.
- Filipino shipowner receives latest newbuilding
CEO says company is looking ahead to future opportunities.
- Softer bunker prices hit supplier's income
Shanghai Lonyer posts lower H1 income from bunker sales, despite higher volumes traded.
- China fuel oil imports for August increase
Sinopec Zhoushan buys 100,000 mt fuel oil cargo.
- Titan Petrochemicals returns to profit
Group in profit for H1 2014 results, after restructuring operations.
- Iran quarterly bunkering volume strengthen
Majority of product suppplied to Iranian ships.
- SEA fuel theft incidents 'not a new trend'
But surge in recent hijacking cases a cause for concern, says assistant research director.