|MARCH 5, 2014|
- Intra-Asia finds work for panamaxes, but shallow draft issues persist
- HSBC's China's Purchasing Managers Index sinks to seven-month low
- Yangzijiang aims for 18,000 TEUers, after it builds 1st 10,000 TEU ship
- Hamburg up 4.4pc to 9.3 million TEU, driving 6pc overall cargo gain
- Hainan's January port throughput down 2pc to 8.73 million tonnes
- NileDutch starts to operate Asia-Africa service with larger ships
- CEVA's 2013 operating profit falls 2.8pc hit by poor freight volumes
- Thieves hide in boxes inside trucks to steal high value goods
- Namsung Shipping starts KPI Singapore-Busan service on March 15
- IRU calls on Russian president to put an end to illegal TIR action
- Merged DNV GL classification society opens Singapore Asia-Pacific HQ
- Asia Pac cargo carriers face 'difficult' year, but January sees growth
- FedEx Freight to raise shipping rates in North America on March 31
- Qantas to dispose of terminal lease, use new Brisbane Airport runway
- Finnair to add three flights to Helsinki-Bangkok winter frequencies
|MARCH 4, 2014|
- Feasibility studies undertaken for new inland waterways
- MOL wins newbuilding contract from AMPCO
- NYK receives recognition for its empowerment of women
- St. Britto's College organising Vigil2014 on March 7
- G. K. Vasan, Milind Deora to grace foundation stone laying ceremony for JN Port's 330-m terminal & awarding of fourth box terminal today
- Vasan highlights achievements of Ministry of Shipping in last five years
- VCT emerging as marine products export hub
- GMR Infrastructure wins first railway project
- Gems & jewellery traders seek relief ahead of poll code
- Maharashtra acquires stake in DMIC project
|MARCH 5, 2014|
- Green Cargo launches restructuring programme
- Arkas adds third vessel to Spain/East Med service
- Express-Interfracht to operate as Rail Cargo Logistics
- Philippine Airlines cancels Wednesday flight to London
- Logistics at Post Nord in new hands
- Waberer's expanding in four countries
- Cosco's planning big in Piraeus
- Atlantic Airways to buy back privately owned shares
- Laurels for Sylvie Donati of Dimotrans
- New modus operandi for stealing cargo from lorries
- London P&I with controlled growth
- Seca -Viele Wege führen zum Ziel
- Virgin Atlantic to cancel Hong Kong - Sydney service
- John Deere supplier recognised
|MARCH 4, 2014|
- Zukunft tapped as next USCG Commandant
- Uljanik to build dredge for IHC Merwede
- Mardi Gras monarchs arrive via USCG cutter
- LR and UKPI offer new smart phone apps
- NNS Apprentice School graduates 137 shipbuilders
- Bouchard promotes Glas to VP of Regulatory Affairs
|MARCH 4, 2014|
- Greenbrier nets orders for 5,600 new railcars
- NYK joining MCC Transport in new Perseus Service
- Mitsui O.S.K. Lines building new LNG Carrier
- Port Metro Vancouver responds to disruption
- Boeing Senior Vice President announces retirement plans
|MARCH 4, 2014|
- Our small tankers are 'still important', says James Fisher chief executive
Firm holds on to coastal and shortsea vessels amid stable clean petroleum product demand
- Ukraine vows Crimea upheaval will not hit this year's grain crop
Kiev reassures wheat and corn buyers worried about the harvest and shipping disruption
- Ukraine ports remain stable as Crimea tensions continue
Shipping on the alert despite Moscow promise to use troops as a last resort
- Russia grain exports would benefit most from a divided Ukraine
Crimea crisis raises fears that Moscow could seize farmland and key Black Sea ports
- Owners consider re-routing vessels as Crimea situation deteriorates
EXCLUSIVE DATA: Lloyd's List Intelligence outlines grain and steel export giant's 2013 port-calls
- Egypt pledges to keep importing Ukraine wheat despite Crimea turmoil
World's largest buyer has shipped out 880,000 tonnes since July
- P3 efficiency to pile pressure on rivals
Maersk Line results indicate level of savings that can be generated through network efficiencies
- Epic Gas charters in two new Japan-built LPG ships
Liquefied petroleum gas specialist also extends four additional inward bareboat charters
- Rotterdam service launched to link with three UK ports
Weekly sailings calling Tilbury, Felixstowe and Grangemouth will primarily cater for Italian shippers
- Precious orders 12 ultramax bulkers in two China yards
Selection of a smaller yard comes as availability of slots has diminished
- James Fisher sees profit rise 18%
Offshore oil revenue and acquisition of Divex boost results
- Shippers call for earlier start on new US west coast labour contract talks
TSA has written to employers' group to suggest new timetable
- RCL shrinks fourth-quarter losses to $28.8m
Thai carrier welcomes MOL in two intra-Asia services
- Hamburg Süd boss warns of difficult years ahead
Peter Frederiksen says demand upturn not enough to absorb excess capacity
- US container ports could hit peak in 2014
Improved outlook in US housing and auto markets may help drive increase in global trade
- P3 network under microscope
Shippers concerned about benefits of mega-alliances
- CSAV outlines how Hapag-Lloyd merger will cut costs
Cutting duplicate services and repositioning empty boxes should save $300m a year
- PMA's McKenna predicts strike-free labour negotiations
Update: Employers leader expects new contract with ILWU by end-July
- Suez and Panama canals neck and neck on Asia-US east coast box capacity
Container lines develop new trade routes to accommodate cascaded ships
|MARCH 4, 2014|
- Finnlines returns to profit
Shipping company Finnlines, the Grimaldi Group's Baltic subsidiary (73.4% owned), shrank by 7.5% to €564M ($771.68) followed by EBITDA's 6.8% fall to €84M that left a bottom line of +€6M following 2012's loss of €100,000
- Finland and Estonia sign MoUs on LNG
Memorandums of understanding signed last Friday bring to an end more than a year of intense lobbying and rivalry about where the EU's main eastern Baltic LNG terminal should be located
- FEPORT appoints new SG
European terminal operators' and cargo-handlers' body FEPORT has appointed business consultant Lamia Kerdjoudj-Belkaid as its new secretary general after seven months without anyone in the post
- P&I clubs merge to form North Group
Two British P&I clubs, North of England P&I Association and Sunderland Marine Insurance, have merged to form the North Group
- Struggle for supply-demand box balance
The container shipping industry will struggle to maintain balance between the supply of tonnage and the demand for it in the current year, a senior shipping analyst warns
- Louis Dreyfus sells Fairmount Marine
French shipping group Louis Dreyfus Armateurs (LDA) announced yesterday that it had sold its Dutch deep sea towage subsidiary, Fairmount Marine, to Royal Boskalis Westminister of the Netherlands
- Eimskip plans secondary share listing
Eimskip, the Icelandic shipping and logistic services group, says it is considering a secondary listing of its shares overseas as part of an expansion strategy
- Sainty Marine wins Precious dozen
Shenzhen-listed Sainty Marine, today announced it had secured a new order from Thailand's Precious Shipping to build 10 64,000dwt bulkers and its contract signed with the owner on 24 February to build two 64,000dwt bulkers had taken effect
- RCL trims losses but still in the red
Fourth quarter losses at Regional Container Lines have added to a 12-month loss for 2013 of THB1,652M ($50.78M) the Thai container shipping line said on 4 March
- Stolt-Nielsen plans NK1.0Bn bond issue
Stolt-Nielsen, the London based chemical carrier and tank terminals group listed in Oslo, says it is contemplating raising about NK1.0Bn ($172M) through an issue of senior unsecured bonds in the Norwegian bond market
- BMT, Bibby in training tie-up
BMT Group's Indian subsidiary BMT Consultants India (BMT), has announced a partnership with Bibby Ship Management, a part of the Liverpool headquartered Bibby Line Group, to deliver training for marine pilots
- China Shipping bulker fined €800,000
A French appeal court has overturned a lower court verdict and imposed a €800,000 ($1.1M) fine on a China Shipping bulker for causing pollution off the Brittany coast in 2010
|MARCH 4, 2014|
- Carrier Mega-Alliances 'All About Cost Reduction'
From left: Adam D. Hall, Dollar General; Klaus Schnede, Eastman Chemical.It is possible to think up all kinds of scary scenarios that could play out as container lines form new vessel-sharing alliances or expand existing alliances, but the primary goal of carriers is to deploy the largest ships at their...
- Acquisition Will Fuel Cold Train Reefer Fleet Expansion
A Michigan-based company has acquired the operator of a refrigerated intermodal rail service, known as ColdTrain, and plans to at least triple Rail Logistics' container fleet over the next five years. Federated Railways' acquisition of Rail Logistics, which it will rebrand Federated Cold Train, is the latest sign that investors are...
- US Companies Mull Near-Sourcing But China Remains Dominant Source
From left: Matt Priest, Footwear Distributors and Retailers of America; Chris Brooks, JOC Group; Foster Finley, Managing Director, Alix Partners; Julia K. Hughes, United States Fashion Industry Association; Alan P. Kaufman, Toy Industry Association.LONG BEACH, Cal. - The U.S. is becoming an increasingly attractive place to source manufacturing production, putting it...
- Container Lines Face Challenging Times, Downward Rate Pressure
From left: Walter Kemmsies, Moffatt & Nichol; Mario Moreno, JOC Group Inc.; Neil Dekker, Drewry.LONG BEACH, Calif. - Container lines will continue to face challenging times in 2014 and 2015, but if they do not order a slew of new container ships over the next two years, the supply-demand economics in...
- CN Looks to Build Network Resiliency As It Grapples With Severe Winter
CN CEO and President Claude Mongeau speaking at TPM on March 3.LONG BEACH, Calif. - Canadian National Railway CEO and President Claude Mongeau yesterday said the railroad is looking at ways to build more resiliency into its network as it grapples with traffic delays caused by the severest winter in...
- Video From TPM: FedEx's Smith Decries Increasing Trade Barriers
In a keynote speech delivered March 3 at the JOC's 14th annual TPM conference, Frederick W. Smith, the chairman, president and CEO of global transport operator FedEx, condemned the increase in trade barriers in the wake of the Great Recession of 2008-9. He warned that this "systemic" protectionism and "low-growth" policies...
- Eimskip Eyes Stock Listing to Help Fund Expansion
Eimskip, the Icelandic container shipping and refrigerated logistics group, is planning to list its shares abroad to help expand its operations beyond its domestic market. The company is talking with the Oslo and other foreign stock markets to list its shares, which are already traded on the Reykjavik exchange. Eimskip outlined its...
- Russia's Summa Confirms Plan to Build Container Terminal in Ukraine
Amid the turmoil in Ukraine, Summa, the Russian energy and transport conglomerate, confirmed plans to build a container terminal in Ukraine when tensions between Moscow and Kiev ease. The $10 billion-a-year group also plans to build a grain terminal in the southern city of Mykolayiv as part of an investment totaling...
- CN's Mongeau Sees Match-Backing as Key to Intermodal Growth
CN CEO and President Claude Mongeau addressing the luncheon crowd at TPM on March 3.LONG BEACH, Calif. - Canadian National Railway CEO and President Claude Mongeau sat down with JOC senior editor Mark Szakonyi at JOC's annual TPM conference to share his views on intermodal growth, the pace of the...
- Ship Finance International Buys Seven Container Ships From German KG Fund
Ship Finance International yesterday announced the acquisition of seven Panamax container ships from a German KG fund The NYSE-listed company said it expects to take delivery of the 2002-built, 4,100-TEU vessels in the "next few weeks." The ships, which are on long term charters to a "leading" ocean carrier, will earn on...
- Seko Logistics Targets Project Cargo Market
Seko Logistics is targeting the project cargo market as part of its strategy to differentiate its portfolio from high-volume integrators on the major east-west trades. The U.S.-headquartered company, which boasted revenue of $609 million last year, intends to leverage its existing global network to draw in more project contracts. "We have been...
- Slight Growth Forecast for Reefer Container Cargo
Forecasters expect modest growth in U.S. and global shipments of refrigerated cargoes in containers. U.S. containerized imports of reefer cargoes are expected to rise by about 1 percent next year while containerized reefer exports edge up 0.4 percent, JOC Economist Mario Moreno told a Cool Cargoes audience at the JOC's annual...
- FedEx Founder Sees More Freight Riding Waves
Frederick W. Smith, chairman, president and CEO of FedEx, speaking at the JOC's TPM conference in Long Beach, Calif.LONG BEACH, Calif. - Ocean shipping lines will grab even more freight from airplane cargo bellies, as international shippers shift freight toward lower cost transportation options, according to Frederick W. Smith, chairman,...
- Carriers Struggle for Profitability
Standing: Peter Leach, JOC. Seated, left to right: William Payne, NYK Line (North America); Mike White, Maersk Line; Wolfgang Freese, Hapag-Lloyd; Gene Seroka, APL; Howard Finkel, Cosco Container Lines Americas.Vessel capacity is exaggerated but container ship lines continue to struggle to raise rates to cover costs and meet service demands,...
- Asian Airlines Confirm Strong January
The latest figures from Asia's airlines confirm that air cargo demand got off to a solid start in 2014. Following on from positive throughput at regional airlines, the Association of Asia Pacific Airlines also said air cargo markets in January were "relatively firm" ahead of the Chinese New Year holidays. International air...
|MARCH 4, 2014|
- DHT turns to TI
A campaign aimed at ensuring that Tankers International retains its title as one of the largest VLCC operators in the world appears to be paying off.
- DOF courts Chloe Candies
DOF Subsea of Norway has chartered a US-flag subsea vessel from Otto Candies under a broader effort to strengthen its market position in the Gulf of Mexico.
- Seaspan thinks big
Seaspan Corp is targeting the potential acquisition of 10 to 20 large containerships over the next 12 to 18 months, a top New York analyst said.
- Boa takes Olympic vessel
Boa Offshore has been revealed as the charterer of one of Olympic Shipping's subsea newbuildings.
- Lenac converts cable ship
Croatian shiprepairer Viktor Lenac has clinched a cable-layer conversion contract.
- SALT bides its time
New York-listed Scorpio Bulkers (SALT) has revealed a loss in the first nine months of its existence as it awaited vessels.
- FreeSeas offloads handy
Greek shipowner FreeSeas appears to have accepted a cut price fee to get an idle handysize bulker off its books.
- DHT puts $1bn on the shelf
Oslo-based owner DHT Holdings has registered to sell up to $1bn of securities in the US as it eyes further expansion.
- Shin Yang back in black
Malaysian owner and shipbuilder Shin Yang Shipping has returned to profit in the first half of its financial year as revenue climbed.
- App aid for PSC checks
LR and UK P&I Club get smart with new detention-busting phone guide to ISM and ISPS codes.
- Pac Radiance set fair
OSK DMG and Partners has kicked off coverage of newly listed offshore vessel owner Pacific Radiance with a buy rating.
- RCL loses less
Regional Container Lines (RCL) of Thailand has posted a lower deficit for 2013, but was hit by ship impairments and a fall in volumes.
- Fisher tanker profit rises
UK marine group James Fisher has seen earnings for its tankers rise in 2013 despite another vessel disposal.
- FSL shares pummelled
Shares in First Ship Lease Trust (FSL) have plunged on its return to trading following a three-and-a-half month hiatus.
- Kerch operations normal
Ukrainian owner Ukrferry says the port of Kerch in Crimea has been unaffected by the influx of Russian troops this week.
- Cash injection for JES
Chinese shipbuilder JES International Holdings has brought in four new investors in a share issue worth SGD 7.23m ($5.68m).
- LSC loss grows
Dry cargoship owner Lithuanian Shipping Company (LSC) has been hit by impairments on vessels as its 2013 loss increased.
- Russia seizes terminal
The Ukrainian ferry port of Kerch in Crimea has been seized by Russian forces as more troops move in.
- Uljanik wins dredger
Croatian shipyard Uljanik said on Monday it had won work to build a dredger.
- Precious books a dozen
Precious Shipping has returned to its favorite shipyard in China for another ten ultramax bulker newbuildings.
- Seacor back in black
Seacor Holdings has ended the year in positive territory with a return to the black in the last quarter of FY2013.
- Epic adds two more
Epic Gas has expanded its growing fleet with the long-term charters of two 7,200-cbm LPG carrier newbuildings.
- Keppel wins $500m order
Keppel Corp has won a newbuilding order for a deepwater jack-up drilling rig worth $500m from Chinese-backed interests.
- PB takes Uni-Asia bulker
Uni-Asia Holdings has secured a 37,000-dwt bulker newbuilding order at Japan's Imabari Shipbuilding for $25m.
- NYK teams with Maersk
NYK and MCC Transport have teamed-up on a new liner service linking ports in Japan, South China and Thailand.
- Crisis in Crimea
The shipping industry does not appear to be fazed by the crisis in Ukraine, which is at the centre of a tense standoff between the US and Russia.
|MARCH 4, 2014|
- Bond restructuring key to restarting Panama Canal project
New cash infusions and a restructured performance bond agreed to last week to settle a contract dispute will jump-start Panama Canal construction, Canal Authority Administrator Jorge Quijano said.
- YRC board member steps down
- IAG adds Austin-London service
- GAO: Mixed findings regarding pilot shortage
The GAO's findings suggest that industry worries about a pilot shortage for U.S. airlines have been overblown. According to the Bureau of Labor Statistics, the industry will need up to 4,500 pilots each year for the next 10 years.
- Air cargo up 4.5% in January
Global air cargo demand in January rose 4.5 percent, year over year, after only seeing a 2.2-percent jump in December, according to the International Air Transport Association. Capacity increased by 5.1 percent.
- Transpacific could see increased rate volatility
- FedEx to raise freight rates
- FedEx founder: Protectionism dampening trade
Fred Smith, the chief executive officer of FedEx, said a rise in protectionism is one of the biggest reasons that world trade is no longer growing rapidly.
- India-U.S. trade tensions escalate
The U.S. India Political Action Committee last week slammed a potential move by the U.S. Trade Representative to designate India a "priority foreign country" in ongoing trade disputes between the United States and India.
|MARCH 4, 2014|
- ECA rules could see spike in MGO prices
'Bearish outlook' for IFO.
- MGO avails tight in Cape Town
Avails good in Fujairah.
- Prices mainly firm across Europe
But Rotterdam sees HS380 cSt prices slip.
- ECA will see many vessels 'switch to LNG'
'Stringent emission requirements will come into effect in 2015. We see an additional business opportunity in that.'
- BIMCO conference: Shipping emissions top agenda
Regulations around ballast water and emissions 'may be the biggest game-changer since the end of the sailing era.'
- Strong arbitrge volumes for March
'No shortage of fuel oil,' says Singapore-based trader.
- Strike looms at Canadian port
Vancouver facing disruption from truck driver action.
- Samudera posts annual loss
Weaker performance outweighs lower costs.
- Navy biofuel demand throws up 'commercial opportunity'
Australian port could supply fuel generated from biofuel from sugar cane waste.
- Asian IFO market weakening
Except in Tokyo Bay, where avails kept tight.
- Supplier sets up in Ukrainian port
Bunker at Odessa for Ukrainian ports, says company.
- Russian oil major stays in profit
Bunkering segment gives boost to group's bottom line.
- EU to back studies to promote LNG bunkering
Using LNG as a marine fuel is 'encouraged' by the European Union.
- Shipping heads urge change to North American ECA boundary
Appeal to be heard by US Congress.
- Operators seeking out 'eco'-tonnage, says top shipping exec
New, fuel efficient ships are in demand.
- South China fuel oil imports up in February
Due to increased activity from bonded bunker players.