|JULY 7, 2014|
- Wan Hai Lines to jointly operate China/ India direct service (WIN)
- Icelandic shipping company Eimskip is to receive 875-TEU Lagarfoss
- MOL, Evergreen switch port calls on Vietnam-USEC service
- Yang Ming acquires 4,662 TEU for China Gulf Express (CGX)
- Car catches fire in container box in New Jersey warehouse
- Do 24,000-TEU ships work as ships are plenty, but ports, not?
- Evergreen takes slots on UAE-S India-Colombo-Chennai service
- Long Beach gains Best Green Seaport, ASFSC 2014 award
- New EU air cargo security rules antagonises Russia out in cold
- Korean Air increases frequency 15 times weekly on six China routes
- Saudi's new King Abdulaziz airport to develop air cargo village
- Pengang's International Airport makes plea for second runway
|JULY 4, 2014|
- BUDGET 2014-15 EXPECTATIONS
- ICS produces guidelines on recovery of persons from the water
- Indo-Bangla coastal services likely to flag off soon
- Iran-insured ships allowed at Indian ports for another 6 months
- Nitin Gadkari meets SCI management in Mumbai
- 1,500-2,000 t of potato going into Pakistan every day: Exporters
- Coffee exports dip 2.6 pc in Jan.-June period
- Govt may scrap duty on iron ore imports to ease supplies
- Govt to be selective in giving export sops: DGFT
- USIIC hosts senior officials of US International Trade Commission in Mumbai
- Adani Ports & SEZ to partner CMA CGM Group for developing fourth container terminal at Mundra
- APSEZ looking to boost Dhamra Port capacity to 100 mt
- Assocham suggests Budgetary measures for port sector development
- Chairman felicitates MbPT hockey team
- TT Club warns of cyber crime risks
- VOC Port handles record limestone cargo
- Govt highlights problems faced by road sector through white paper
- Joint Secretary in the Ministry of Commerce briefs FFFAI members on INSTC project
- Ministry of Highways likely to scrap exit clause
- Forex reserves up $ 857 m to $ 315.77 bn
- Govt looking to bolster US ties
- India won't sign TFA until food security issue resolved: Govt
- INR rallies to 1-1/2 month high of 59.60, ends firm at 59.74
- DHL adds India to Thermonet network
- L&T secures new orders worth INR 2K cr. in June
- TKPL holds blood donation camp to mark Founder's Day
- PCN creates another network world-first
|JULY 7, 2014|
- UPS offers China-Europe rail service
- Arkas continues fleet expansion
- Former HP executive becomes SSA director
- Germany lagging behind in rail network development
- Scania operating longer vehicles in Sweden
- Aloha Air Cargo adds B737 freighters and hires ramp agents
- UK's Road Haulage Association selects new director
- DHL signs 15th conversion agreement with Precision
- Dalrod expands its fleet
- Russian port project Zarubino takes shape
- Beumer supplies DPD St Petersburg with sorting system
- France's Astre Group picks team for 2022 project
- Port of Tallinn invests in Paldiski South Harbour
|JULY 4, 2014|
- Maerk's Triple E ships to get slippery treatment
- Remontowa to build LNG-fueled ferries for BC Ferries
|JULY 4, 2014|
- CMA CGM and Adani Ports sign joint venture to develop Mundra terminal
Carrier makes first Indian port investment with 50% share in 1.3m teu venture
- Asia-Europe carriers look for peak-season boost as GRI takes effect
Spot rates jump to highest levels since February
- Week on Wall Street | July 4
From courting valuation views to selling soccer to the next generation
- Hafnia Tankers appoints finance chief
Young Danish company is making waves in the product tanker market
- IACS is on track to strengthen larger boxships
Class societies reject common structural rules but will adopt new requirements by year-end
- Euronav expects a very busy July as new VLCCs join fleet
Six of the 15 vessels bought from Maersk will join the company this month
- LOF salvage contracts sinking fast
Alternatives find favour amid perception that century-old form's awards are too high
- Suezmax crude tankers ' the surprise pick for investors
Next few years could bring growing interest in this segment
- Court upholds Nikitin appeal against Novoship
Russian owner can keep $108m from contested charter deals to Sovcomflot firm
- Arkas Line continues to upgrade its fleet
Turkish carrier orders two 2,500 teu vessels from China's Zhejiang Ouhua
- Playing the changes, BDP style
Private logistics giant can teach its struggling shipping service partners a few lessons
- Braemar hails early signs of improvement in shipping markets
Dry cargo performance stood out for broker
- Regulators agree to strengthen SOx enforcement
North European port states collaborate informally on emission monitoring
- Capesizes - a handful of bulls but no stampede
Prices on the major routes fall back after Vale loading speculation boosts interest
- China Merchants Energy Shipping sells bulker in recycling deal
State carrier scraps 1993-built, 73,630 dwt ship for $3m
- CNOOC-led consortiums book LNG tankers for BG project
BG quits as owner but will charter the four 174,000 cu m vessels to ship gas from Queensland Curtis plant to China
- Two-thirds of German owners planning to buy ships
Confidence in recovery growing, PwC survey finds
- Cexim and Kexim jointly back Minsheng's 18,400 teu boxships
Deal for $295m is Chinese and South Korean policy banks' first co-operation on financing
- NYK's gas bunkering vessel order includes second ship and $100m pricetag
Deal with Hanjin Heavy Industries is part of plan to supply LNG as fuel globally
- Playing by the rules
Lloyd's List offers a guide to the regulatory rush about to hit shipping
|JULY 4, 2014|
- Korea Line chooses Yangfan for Ultramaxes
South Korean shipowner Korea Line has chosen Chinese shipbuilder Yangfan Group for its order of up to four Ultramax bulkers. The order is understood to be two firm 64,000dwt vessels and two options, with delivery scheduled towards the middle of 2016. Korea Line requires the newbuildings to renew
- Jiangsu Hantong secures Oldendorff options
Chinese shipyard Jiangsu Hantong Ship Heavy Industry has secured an order for two Newcastlemax options from German owner Oldendorff Carriers. The two 208,000dwt vessels are scheduled for delivery in September and November 2016. The original order was placed by the Lubeck-based owner towards the end
- Yangfan Group wins another four PZM Handies
Chinese shipbuilder Yangfan Group has won another order of four Handysize bulkers from returning Polish shipowner Polska Zegluga Morska (PZM). The four 38,500dwt Deltamarin 37-designed vessels are scheduled for delivery in 1H17 and bring the owner's total on order at the yard to 12. The first order
- Remontowa secures three BC Ferries
Polish shipyard Remontowa Shipbuilding has secured an order for three dual-fuel ro-pax ferries from Canadian owner BC Ferries at a total cost of about CAD165M ($155M). The three vessels will be a new design and a new intermediate-class with a capacity for 145 vehicles and 600 passengers. They are
- Hudong-Zhonghua wins Teekay LNG quartet
Hudong-Zhonghua Shipbuilding has won an order of four LNG carriers from NYSE-listed Teekay LNG Partners. The four 174,000m³ vessels will have an overall length of 290m and beam of 46.95m, with delivery scheduled for September 2017, January 2018, June 2018, and January 2019. They will transport LNG
- China iron ore imports from Hedland dropped in June
China's iron ore imports from Australia's Port Hedland amounted to 29.2M tonnes in June, compared with the record 29.9M tonnes in May, albeit a 27.5% year-on-year (y/y) increase, according to data released by the port authority yesterday. June also witnessed a slight drop of total shipments from
- SE Asia piracy still threat, says Singapore Shipping Association chief
The traditional threats of piracy still loom in region, but at the lower severity as compared to East coast of Africa and waters off West Africa, said the Singapore Shipping Association (SSA). Patrick Phoon, president of the SSA, said this yesterday during the 18th annual general meeting that
- Hanjin Shipping outlook uncertain
Although Hanjin Shipping has secured liquidity by selling assets and capital, its outlook is shrouded in uncertainty, said analysts today. Hanjin Shipping recently raised capital worth KRW400Bn ($397M) through a third-party allocation of new shares with the participation of Korean Air and secured
- MES unit makes induction heater for containers
Japanese shipbuilder Mitsui Engineering and Shipbuilding (MES) today said its subsidiary MES Power-Electronics Industry Co, has developed a compact induction heater that can be shipped in containers. Such heaters are designed for the automobile industry. The mid-tier range of such heaters can be
- Seafarer seriously injured at Port Hedland
A seafarer was seriously injured when his leg became tangled in rope during berthing of a bulk ore carrier in West Australia's Pilbara last week. The crew member was on board the Liberian-flagged Julia N at Port Hedland, which was berthing to load iron ore at around 15.30hrs local time on June 28
- Vallianz enters three-year agreement with COOEC
Singapore-listed offshore marine solutions provider Vallianz Holdings has signed a three-year collaboration agreement with China Offshore Oil Engineering Co (COOEC). Under the agreement, Vallianz will provide certain offshore support vessels, including submersible launch vessels, to support COOEC's
- China Merchants Energy Shipping obtains $510M loan for 10 VLCCs
Shanghai-listed China Merchants Energy Shipping (CMES) announced last Friday that it had obtained a $510M loan from China's EXIM Bank for financing the building of 10 VLCCs. The loan will pay for 60% of the total price of the 10 ships, and the duration of the loan is 10 years. CMES is building the
- FPMC seeking VLCC
Formosa Plastics Marine Corporation (FPMC), the shipping arm of Taiwanese petrochemical conglomerate Formosa Plastics Group, is seeking a VLCC for up to a year. Brokers told IHS Maritime that FPMC is inviting offers to take a VLCC for an initial six months, with options to extend the hire by four
- Sapura Kencana deploys PLSV in Brazil
Malaysia-listed SapuraKencana Petroleum and Bermuda-headquartered Seadrill have commenced operations of its first pipe-laying support vessel (PLSV), Sapura Diamante for Petrobras through their jointly owned entity Sapura Navegacao Maritima (SNM). SNM's contract with Petrobras is for over a period of
- Two coast guards arrested over Sewol disaster
Two Korea Coast Guard officials have been arrested over the Sewol ferry disaster. The Gwangju District Court said one officer, 43, is a centre leader of the Jindo Vessel Traffic Services Centre and the other officer, 39, is a CCTV footage administrator. The two men are suspected of failing to carry
- CMES retires old Panamax
China Merchants Energy Shipping (CMES) has taken the first step in its latest round of retiring old vessels by sending a Panamax bulker to scrapyard. CMES sold the 1993-built 73,630dwt Pacific Prospect to compatriot Dalian Shipbuilding Industry Ship Engineering (DSIC Ship Engineering) for about
- China drybulk shipping prosperity down
China's bulker operators revealed their business prosperity for drybulk shipping had fallen back to the levels prior to the rebound in 2H13. The drybulk shipping prosperity index dropped to 72.83 in 2Q14, well below the level reported for the third and fourth quarters in 2013, according to the
|JULY 4, 2014|
- Little impact from Hurricane Arthur
Hurricane Arthur appears to have had little impact on the U.S. transportation network, despite localized flooding and power outages. The storm weakened to Category 1 status and moved back out to sea after making landfall on the North Carolina barrier islands. As of 5:00 p.m. EDT on July 4, the storm...
- Wal-Mart Canada buys trucking company, DC operator
A Wal-Mart store in Canada.Wal-Mart Canada has purchased two privately held Canadian logistics firms, trucking company Translogic Express Dedicated Inc. (TEDI) and distribution center operator SCM, as part of its growth strategy, Canadian Shipper reports. Under the terms of the deals, which went into effect on July 1, Translogic Express...
- SCFI: Asia rates to Europe, US rise
Spot rates from Asia to Europe increased this week after several weeks of decline. Spot rates from Shanghai to Northern Europe rose to $1,416 per 20-foot container this week. Full-size image Spot rates to northern Europe rose to $1,416 in the week ending July 4, 28.0 percent or $310 higher than the previous...
- ILA voices support for ILWU
The International Longshoremen's Association, which represents dockworkers at U.S. East and Gulf Coast ports, yesterday wrote a letter of support to Robert McEllrath, president of the International Longshore and Warehouse Union, which is engaged in contract negotiations with West Coast employers. The letter from Harold Daggett, ILA president, warned employers and...
- Nicaragua seeks to extend tariff preferences
Nicaragua has always occupied a special place among CAFTA member states. It's the only CAFTA member to enjoy a Tariff Preference Level that allows apparel made of cotton and man-made fibers to enter the U.S. duty free under CAFTA preferences if that apparel is assembled in Nicaragua but the inputs...
- CAFTA's 10-year existence sparks growth, diversification
A decade after its signing, and five years after full implementation, the Central America Free Trade Agreement may not have transformed Central America into the powerhouse of textile and apparel trade forecast by some optimists, but it has facilitated significant growth in that sector of the region's economy, along with...
- CMA CGM, Adani ink joint venture deal for Indian container terminal
CMA CGM has teamed up with India's largest port company to build and operate a fourth container terminal at the port of Mundra. The French carrier's port arm, CMA Terminals, and Adani Ports and Special Economic Zone (APSEZ), plan to complete construction of the common user terminal, which will have an...
- Ocean carrier rate revision roundup for July 4
Several container lines have planned general rate increases in multiple trade routes to take effect Aug. 1, although any gains achieved could be temporary as overcapacity and sluggish global demand continue. Drewry Maritime Research said in an hour-long forecasting webinar this week that the capacity situation that ocean carriers have faced...
|JULY 4, 2014|
- Truck started ro-ro fire
A fire hit a DFDS ferry off Denmark last year because of a faulty truck ignition system.
- CMES scraps veteran
China Merchants Energy Shipping (CMES) has continued its fleet clear-out by scrapping an elderly bulker.
- ENVC sells ro-pax
Greece's Thesarco Shipping has reportedly won the race to buy a long-delayed ro-pax built by Portuguese yard Estaleiros Navais de Viana do Castelo (ENVC).
- Yard opens terminal
Ukraine's Black Sea Shipyard has ventured into the ports business.
- WWL wins terminal
Wallenius Wilhelmsen Logistics (WWL) has won a deal to develop a ro-ro terminal in Melbourne.
- Finnhansa for sale
Finland's Finnlines has put a loss-making ro-ro up for sale as new emissions rules draw ever nearer.
- No Diana double
Rumours connecting Diana Shipping with a second capesize resale from an Oldendorff joint-venture appear to be wide of the mark.
- "Dishonest" Nikitin keeps $108m
Russia's Novoship will fight on in its battle to extract money from private shipowner Yuri Nikitin after losing part of an appeals hearing into its $169m fraud case in London.
- Braemar performs better
Braemar Shipping Services highlighted strong showings from its sale and purchase, offshore, dry cargo and gas divisions in what is likely to be its last update to the City before its merger with ACM.
- KVH snaps up Videotel
Marine satellite company KVH Industries has taken over crew training operation Videotel in a £28.7m ($48.9m) deal.
- JES firms Congo deal
JES International Holdings has completed the purchase of a majority stake in a forestry asset in the Republic of Congo.
- Hudong inks LNG quartet
Chinese shipbuilder Hudong-Zhonghua Shipbuilding (Group) has signed a long discussed quartet of LNG carrier newbuildings.
- Technip wins Total deal
Offshore group Technip has won what it calls a "large contract" for subsea operations off the Shetlands, UK.
- Stolt's biggest worry
Niels G Stolt-Nielsen believes a rising newbuilding orderbook is the largest threat to a cyclical recovery in the parcel tanker market.
- OOCL guilty over Allan
Hong Kong's OOCL has been found guilty of involuntary manslaughter 11 years after a top executive plunged to his death in a boxship lift-shaft.
- Get out of the way!
We take a look at what was said in the market over the past week.
- BC Ferries picks Poland
Canada's BC Ferries is heading to Poland for its latest newbuilding order.
- PZM adds four bulkers
Polish Steamship Co (PZM) has grown its series of handysizes on order in China to 12 ships.
- Better year for USTC
USTC Group, the Danish bunker trading to ship owning empire, has seen its full-year pre-tax profit double to $64m.
- Seafarer's foot severed
An Indian seafarer has had his foot severed during a towing operation at Australia's Port Hedland.
- Hedland stays strong
Port Hedland has reported a year-on-year increase in iron ore exports of 21% for the month of June.
|JULY 4, 2014|
- Fuel prices lack clear direction in the Americas
Markets in the US closed for Independence Day celebrations on Friday.
- Weekly Global Market Report
A weekly price roundup from bunkering hubs around the world.
- Automated ships could spell end to maritime disasters
EU, Rolls-Royce involved in research.
- Switch to ECA compliant fuels to push up ferry fares
Tallink warns of 20% increase to ticket prices.
- Soft trend continues across Europe
Strong demand reported in Gibraltar.
- Mixed avails in Fujairah
Fujairah prices for 380 cSt material have been falling for two weeks.
- Vivo Energy expands in Ivory Coast and Mozambique
'Central bunker desk' will handle enquiries for all of Vivo's operations.
- Chemoil pursues 'unpaid' bunker bill
Over $1 million outstanding.
- ECA enforcement: 'All for One and One for All'
Danish Maritime Authority outlines what it calls the 'musketeer' agreement.
- Asian prices end week on a lower note
Prices soften across all key hubs.
- China should audit ship-generated air pollution
Emissions are a 'risk to health in China's densely populated port cities'.
- ECA-driven fuel differentials draw in savvy investors
Novel scheme aims to profit from shipowner reticence.
- Former US Navy officer pleads guilty to fraud charges
Sentencing due in October.
- 'Eco' engine system enters market
System claims at least 12% fuel savings with diesel engines on idle.
- Ferry operator makes first dual-fuel orders
Three newbuildings to enter Canadian company's fleet from 2016.