|JULY 8, 2014|
- OOCL fined US$69,000 in accidental death at shipboard drinks party
- HMM receives 13,100-TEU Hyundai Victory, fourth of five sister ships
- Investment at APM Terminals Algeciras puts it on top of the Med
- Bangladesh must do more than it has to win back trade benefits: USTR
- Cargotec's Kalmar equips Russia's largest port operator
- Port volume increases 11.6 per cent at Estonia's container terminal
- NZ's port of Tauranga, Kotahim, aims to double container volumes
- Korean Air introduces ninth A380, Incheon-Atlanta service
- FedEx Express ranks top among logistics firms, says 1,000 top brands
- Russia's UTair's 2013 profit rises to US$9.5 million, sales up 1.7pc
|JULY 7, 2014|
- Damco becomes first international company to start CFS operation in Myanmar
- Box weighing would become a commercial advantage for ports, says TT Club
- CMA CGM upgrades RHINO EXPRESS feeder service, adding a new call at Moroni (Comoros)
- Mr Reiner A. Allgeier, Managing Director, Schenker India Pvt. Ltd
- Mr Sailesh Bhatia, President, Association of Multimodal Transport Operators of India (AMTOI)
- Paris MoU confirms Liberia as best-performing major ship registry
- Russian shipping market changing to meet new challenges, says DELO Group
- SARJAK's tradition of Innovation & Excellence continues to be awarded
- Shipping industry proposes solutions to Ballast Convention implementation problems
- Govt to probe alleged loading & unloading scam at Major Ports
- Indian Private Ports & Terminals Association (IPPTA)
- MbPT bids for maintenance dredging
- APM Terminals Inland Services, South Asia focusing on sustainability & environment protection
- Govt to expand air cargo infrastructure
- Govt lifts cap on organic sugar exports
- India Inc revenue likely to grow 9-11 pc in Q1
- Potato exports hit as govt introduces MEP regime
- Setting up of industrial parks by China will boost exports: Fieo
|JULY 8, 2014|
- India dedicates Udhampur-Katra railway line
- Indianapolis airport welcomes new director
- New operator for Wustermark intermodal terminal
- Deadline for Zim restructuring extended
- Gefco Turkey opens bonded warehouse near Istanbul
- CMA CGM and Adani Ports ink pact for terminal in Mundra
- DSLV welcomes uniform truck tolls in Germany
- Ulbricht switches to Frankfurt's DVB Bank SE
- TNT Express invests in new Brisbane logistics hub
- KVH acquires maritime training service producer Videotel
- EIB loan for highway in Bolivia
- Bremen's Hansa Meyer strengthens project business division
- Korean Air increases China operation
- Die Schere geht auseinander
- Iata predicts benefits of African liberalization
|JULY 7, 2014|
- Fourth defendant pleads guilty in Glenn case
- The Towing Company celebrates its 116th year
- Atlantic Towing picks PSV 5000 design
- NNS tests Ford anchor windlass system
- L-3 Marine packages picked for biogas fueled ferry
- Iridium closer to gaining GMDSS approval
- MHI-MME brings two small bore UE engines to market
|JULY 7, 2014|
- US goods and services trade climbs during month of May
- US rail freight traffic numbers increase during month of June
- Coast Guard rescues pair from burning pleasure craft
- Corps releases supplemental EIS for Grays Harbor navigation project
- Maritime Administration offers cyber-threat training course
|JULY 7, 2014|
- Tankers prepare for rise in Libyan oil exports
Key oil ports to gradually raise output
- China Shipping unit auctions stake in tanker operator
China Shipping Development tipped to take stake from Shanghai Shipping
- Courtenay Allan's sons seek public apology from OOCL
Family also urges Hong Kong line not to appeal last week's criminal conviction
- Teekay LNG takes over interest in four newbuildings
Vessels will operate under 20-year time charters with BG subsidiary
- Nordic American Tankers eyes opportunity to expand suezmax fleet
There is an undercurrent in the market, says chairman Herbjørn Hansson
- Almost $5bn invested in new LNG ships so far this year
Newbuildings ordered at rate of one a week, raising concerns over future freight rates
- Scrapping sentiment weakens
Tonnage sent for demolition falls by nearly 25% in first half of 2014
- Bromma sales ride crest of global wave as ports boost box capacity
Spreader manufacturer sees order intake jump 50% in second quarter
- Sovcomflot orders three multifunctional offshore vessels
Ice-class ships will serve Sakhalin-2 oil and gas project over 20 years
- Costa Concordia costs likely to hit $2bn
Cruiseship casualty set to prove twice as expensive as initial estimates
- Zim owner backs golden share deal
Israel Corp says it is satisfied with court's alteration to terms of government stake
- Sea Diamond master's jail term reduced
Appeal clears five people over cruiseship casualty and cuts sentences on two crew members
- Saga and Westfal-Larsen combine open hatch fleets
Saga Welco pool of 52 ships will be the breakbulk and forestry sector's largest
|JULY 7, 2014|
- Paradip container terminal tender floated
"All necessary formalities have been taken care of and I think the contract will be awarded in less than two months," Paradip Port Trust (PPT) chairman Sudhansu Sekhar Mishra told a press conference on 4 July. The new container terminal is part of PPT's overall expansion programme to enhance its
- Damen ice-class PSVs for Atlantic Towing
US company Atlantic Towing has ordered four newly-designed ice-strengthened PSV 5000 vessels from Damen Shipyards Group that will be put to work in the sub-Arctic waters of the Hibernia and Hebron oilfields, off Newfoundland and Labrador. Atlantic has a 10-year offshore support contract with
- NewLead demands $125M damages from Ironridge
NASDAQ-listed drybulk company NewLead Holdings has ratcheted up its legal fight with investor Ironridge Global fund, revealing today that it is seeking damages in excess of $125M as part of an arbitration case under way between the two parties. Michael Zolotas-led NewLead is accusing Ironridge of
- Rouen cereals exports up 12%
The French port of Rouen, European leader for cereals exports, increased its cereals export throughput by 12.4% year on year to 7.45M tonnes during the 2013-2014 export season just closed. The latest increase for the 12 months ended June 30 follows on from the 8% increase recorded by the port in the
- Sea Diamond sentences reduced by appeal court
A Greek appeal court has reduced the prison sentence imposed on the former master of the Sea Diamond, the Louis Cruises vessel that sank off the Greek island of Santorini in April 2007. The vessel, which was carrying nearly 1,600 passengers and crew, hit rocks and had to be evacuated. It sank two
- Teekay LNG supplants BG in China newbuild quartet
NYSE-listed Teekay LNG Partners has revealed details about its minority ownership of four liquefied natural gas (LNG) carrier newbuildings under construction at Hudong-Zhonghua Shipbuilding. It also confirmed that it has purchased these interests from original project partner BG Group. The Chinese
- SCF extends IBSV programme with three orders at USC
Russian shipping group Sovcomflot (SCF) and Sakhalin Energy Investment have signed a contract for the construction and long-term operation of three multifunctional ice-breaking standby vessels for the Sakhalin-2 offshore energy platforms. The shipbuilding contract has been signed with OAO United
- Minister calls for court protection for SNCM
French transport minister Frédéric Cuvillier has said that strikebound French Mediterranean ferry operator SNCM should be put under court protection to allow it to be restructured. His statement is the first official admission from the French government that it sees no future for the Marseille-based
- ICS proposes solutions for ballast water impasse
The International Chamber of Shipping (ICS) has come up with new proposals for overcoming the "serious implementation problems" faced by the Ballast Water Management Convention. It has called on the Maritime Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) to
- Jiangsu Hongqiang wins six Ultramax order
Chinese shipbuilder Jiangsu Hongqiang Marine Heavy Industry has secured an order for up to six Ultramax bulkers from an unknown but reportedly renowned European owner. They will be the first of this size ever built by the yard. Delivery of three firm 64,000dwt Dolphin 64-design environmentally
- HHI wins Polembros Suezmax pair
South Korean shipbuilder Hyundai Heavy Industries (HHI) has won an order for two Suezmax tankers from Greek shipowner Polembros Shipping. The two 145,000dwt vessels will have an overall length of 274m, a beam of 48m, and a depth of 23.1m, with delivery scheduled for January and June 2016. They are
- Saga, Westfal-Larsen combine open hatch business
Saga Forest Carriers and Westfal-Larsen Shipping, two Norwegian open hatch dry bulk carrier operators, have entered into an agreement to form a joint shipping pool operation. The reason behind the move is a need to better serve existing and new customers in the paper and pulp industries. In broad
- Call for rail investment in Italy
The president of Italy's intermodal ports association UIR has called for more investment in north-south rail links in the Italian peninsula. "The rail network in central and southern Italy is not geared up to take container trains for various infrastructural reasons [and] convoys are limited to
- MPA conducts first environmental-friendly hull cleaning trial
The Maritime and Port Authority of Singapore (MPA), in collaboration with BW Ventures and the Singapore Maritime Institute (SMI), has successfully performed the first environmental-friendly hull cleaning test trial on Friday at the Port of Singapore. Part of the BW Group, BW Ventures invests in
- Thai exporters eye new markets
Thailand's exporters are targeting Russia, South Asia and South America as new markets , IHS Maritime was told today. Russia, currently linked via a customs union with Belarus and Kazakhstan, has 170M potential customers and is planning to build 1M cars next year, said Kriengkrai Thiennukul,
- Maersk reports good volumes from Thailand
Maersk Line has reported good combined volumes as Thailand's economy gears up after recent political turbulence. "For the first half of 2014, combined volumes has increased by around 10% compared to the previous year," Maersk Line Thailand told IHS Maritime, stressing this was for both exports and
- Korea, China EXIM banks co-finance Minsheng's ship orders
Korea EXIM bank announced on 4 July that it will provide $295M in financing to Chinese leasing company, Minsheng Financial Leasing, which has ordered three 18,400teu containerships from Korean shipbuilder, Daewoo Shipbuilding & Marine Engineering (DSME). The ships, which are scheduled to be
- TSC to supply six deck cranes to SWS
Hong Kong-listed TSC Group Holdings, an offshore solutions provider, will be providing Shanghai Waigaoqiao Shipbuilding (SWS) with six deck cranes for two JU2000E design jack-up rigs, which are currently under construction at SWS, TSC said today. The six ABS -certified 198-200VE model kingpost
- Tanker boarded near Anambas Islands
A Honduras-registered products tanker was boarded near Anambas Islands, Indonesia, on 4 July, according to a report from ReCAAP Information Sharing Centre (ReCAAP ISC). The vessel Moresby 9, owned by Canter Singapore, was carrying 2,200 tonnes of marine gas oil when it was boarded by an unknown
- Sinwa Limited merges subsidiaries to grow offshore trade
Singapore-listed offshore supply and logistics provider, Sinwa Limited, has incorporated Sinwa (Thailand) Ltd (STL) through its wholly owned subsidiary, Sinwa Offshore. "We are excited to announce our entry into Thailand's promising offshore sector. Backed by robust oil prices, Thailand has
- Evergreen to launch 25th L-type vessel
Evergreen Line's 25th L-type vessel, Ever Lucky, is scheduled to be launched for the carrier's Asia Pacific-US West Coast service after being delivered tomorrow. Ever Lucky was christened at the Samsung HI shipyard last Friday. "Each of the L-type newbuildings from Samsung HI have been delivered
- Vard acquires STX Canada
Singapore-listed offshore vessel builder, Vard has acquired STX Canada for NOK 65.4M or $10.5M. Consequent to the acquisition, STX Marine became a subsidiary of Vard Marine, which is wholly owned by Vard Group, a 100% held subsidiary of the Company. STX Marine is a leading marine engineering and
|JULY 7, 2014|
- US Customs updates guidelines in event of West Coast port disruptions
U.S. Customs and Border Protection has updated its guidelines for ship and cargo contingency plans in the event of any West Coast port disruption arising from longshore labor union contract negotiations. See Also Customs expert shares advice on West Coast diversions Complete Coverage of ILWU Negotiations. The contract between the International Longshore and Warehouse...
- Medical shipper scopes out new global supply chain
Let's talk about colonoscopies, that uncomfortable medical procedure most of us over a certain age know we need but mostly postpone. Not suitable for a family publication you say? Well read on, because it's all about logistics. Endochoice, a 6-year-old Atlanta-based importer of medical devices and disposable infectious control supplies and...
- LA-Long Beach running despite Teamsters protest
A threat by the Teamsters union to launch a strike at the ports of Los Angeles and Long Beach got off to a slow start today as truck drivers were passing out informational flyers in the harbor, but were not setting up picket lines. As a result, members of the International...
- Suez fails to see anticipated gains in traffic
The number of container ships passing through the Suez Canal in May was higher than in April but was down year-over-year for the 33rd straight month. The Suez Canal reported that 526 container ships passed through its gates in May, up 6.9 percent from April's totals. Though the canal broke the...
- Strong infrastructure draws big ships to Pacific ports
The 12,500-TEU MSC Fabiola broke records when it first called at California ports in 2012.West Coast ports will spend the coming year in much the same way they spent the past year: preparing for big ships operated by big carrier alliances. In some ways, ports on North America's west coast are...
- US-bound air cargo moving despite heightened security
WASHINGTON - It's business as usual for air cargo shippers despite the heightened security at foreign airports with flights connecting to the U.S., the executive director of the Airforwarders Association says. Members of the group haven't reported any issues or delays in getting cargo cleared after the U.S. Transportation Security increased...
- TransForce finalizes Transport America acquisition
One of North America's largest trucking operators grew a little more last week, as TransForce officially finalized the acquisition of Transport America, Inc. TransForce bought the truckload carriage and logistics service provider's entire share capital last week. The company said it plans to keep the Transport America brand, and plans to...
- Chassis models still evolving
For five years now, cargo interests and truckers have been adjusting to a new environment in which shipping lines no longer provide chassis in the U.S., yet the transition period still has a few years to go before the trade adopts a new model or models, according to an industry...
- Shipping leader Manuel 'Mike' Diaz Jr. dies at 93
Manuel "Mike" Diaz Jr., who helped pioneer containerization and its pricing during a long career in shipping, died July 5 in San Mateo, California. He was 93. Mr. Diaz's career spanned the shift from breakbulk to containerized shipping, the end of U.S.-flag lines' dominance, and three major revisions to the shipping...
- Forwarders, Russia unimpressed with new EU air cargo rules
Forwarders remain unimpressed with new European Union air cargo screening regulations that have been in effect for a week, although no major disruptions have been reported. Since July 1, carriers flying cargo and mail into Europe have been designated as "Air Cargo or Mail Carrier operating into the EU from a...
- ICTSI pulls out of Indian container terminal management contract
International Container Terminal Services has withdrawn from a contract to manage and operate the Kattupalli International Container Terminal, a new privately owned facility on India's east coast, after a detailed business review. ICTSI in a communiqué to the Philippine Stock Exchange said the deal was not beneficial to either party in...
- Teamsters initiate labor action at LA-Long Beach in midst of longshore talks
The Teamsters union, in the latest salvo in its long-sought plan to organize port truckers, took advantage of a critical juncture in contract negotiations for a new West Coast longshore agreement to set up pickets against three drayage companies operating at Los Angeles-Long Beach. "Fed-up port drivers at the ports of...
|JULY 7, 2014|
- NewLead claims $125m
Greek bulker owner NewLead Holdings has escalated its share row with the Ironridge Global fund by filing a compensation claim for more than $125m.
- Two more for Shreyas?
India's Shreyas Shipping & Logistics is eyeing more new ships as it plots route expansion.
- Teekay buys into quartet
Teekay LNG Partners has confirmed it has taken a stake in four LNG newbuildings at China's Hudong-Zhonghua Shipbuilding.
- Diana newbuilding fixed
Diana Shipping has tied up a period charter for its latest capesize purchase.
- TTA confirms Rose raid
Thoresen Thai Agencies (TTA) has finalised the purchase of a 2006-built bulker for $21.95m.
- NAT sees helpful undercurrent
Herbjorn Hansson has raised hopes of a pending improvement in the suezmax tanker spot market.
- Israel Corp backs court
Israeli container line Zim's main shareholder has said it is satisfied with a court ruling that will drastically cut its stake in the shipowner.
- US crew released
The crew of a US salvage ship have returned home after 52 days in a Honduran jail on gun-smuggling charges.
- 10 hurt in smash
10 people have been injured after a Swedish ferry hit a pier in Gothenburg.
- Atlantic in scrap sale
Atlantic Offshore has trimmed its fleet with the disposal of a 1970s built ship.
- Viet Long sinks
A grounded Vietnamese cargoship has sunk during its salvage off the Maldives - and its owner has been slapped with a hefty fine.
- Band of owners
An alliance of shipowners seeking to ensure the enforcement of incoming maritime sulphur regulations has officially launched today.
- BF bags newbuild charter
Russian owner BF Tanker has landed a deal with Lukoil for the first of its new tanker/boxship combi carriers.
- Credit-Suisse backs NAO
Credit-Suisse has placed an initial outperform rating on Nordic American Offshore noting the PSV owner carries a dividend yield closer to Seadrill than Tidewater.
- Tanker man missing
The US Coast Guard is searching for a Russian chief engineer who fell from a tanker off Texas on Sunday.
- Sovcomflot books three
Russian shipping power Sovcomflot has penned a firm contract for a trio of ice-class newbuildings to serve the Sakhalin 2 project.
- Diamond five cleared
Five people convicted in connection with the fatal sinking of the Sea Diamond cruiseship have been cleared on appeal.
- Macau Success sold
Hong Kong-listed Success Universe Group has offloaded its casino cruiseship Macau Success.
- Fos eyes ro-ro run
The French port of Marseilles Fos is planning to launch a new ro-ro service to Morocco.
- Seventh tanker attacked
Another small tanker has been hijacked in the South China Sea, but it is unclear at this stage if any of its cargo has been stolen.
- STX Canada Marine sold
Vard Holdings has acquired STX Canada Marine in a deal worth NOK 65m ($10.5m), the company has confirmed.
- Open hatch pool born
Saga Forest Carriers and Westfal-Larsen Shipping are teaming up to form a new pool for their open hatch carrier fleets.
- Hafnia names CFO
Hafnia Tankers, the expanding Danish product tanker-focussed shipowner, has named its first chief financial officer.
|JULY 7, 2014|
- Diaz, long-time ocean shipping executive, dies
In the early 1950s, Diaz followed his father into the shipping business at Garcia and Diaz as a ship agent and manager. He later became vice president at Grace Lines and T.J. Stevenson Co., and then was named president of West Coast Lines.
- CMA CGM in joint venture to build terminal in India
Mundra will become India's largest container port in next 24 months, with a total container handling capacity reaching 5.5 million TEUs, CMA CGM said. The companies plan to begin construction immediately.
- FRA administrator pitches GROW AMERICA
- Editorial boards call for quick Trust Fund solution
- Yusen uses vibration-control pallets in China
"In the past, when transporting sensitive freight such as precision equipment, medical instruments or food products over land, it was necessary to use air-suspension trucks. However, air-suspension trucks have high costs," the company said.
- Lufthansa and Air China strengthen partnership
- Boeing hulls waterlogged after Montana train derailment
- U.S. exports reach $195.5B in May
Exports of goods and services over the last year totaled $2.3 trillion, which is 45.7-percent above the level of exports in 2009, and have been growing at an annual rate of 8.9 percent when compared to 2009, according to the Ex-Im Bank.
- Drayage drivers strike three companies in Los Angeles/Long Beach
|JULY 7, 2014|
- ECA rules could threaten European cruise sector
'Northern Europe is not sacrosanct even at a time when cruise lines are starting to grow capacity.'
- Prices start week soft in Rotterdam
Market quiet in Rotterdam.
- Second LNG bunker tanker on order
Forms part of contract with Korean shipbuilder.
- Prices soft in Fujairah
Markets generally firm in South Africa.
- P3 collapse could boost bunker spending by $155 million
Researchers have put a figure on the extra bunker spending likely to be generated by the failure of the alliance.
- Russia to sell stake in oil giant
Doubling share that is not held by the state.
- Smaller shipping lines 'will bid farewell to the market'
Shipping analyst says smaller companies will struggle to finance fuel-efficient newbuilds.
- Gibraltar: Minister welcomes pro-bunkering moves
Costa: 'This reduction in port fees adds to the attraction of our port'.
- Asian prices on downward path
Deliveries in Busan and Tokyo Bay could face delays as typhoon approaches.
- Methanol bunker fuel comes at 'competitive price'
Methanol no riskier to handle than LNG.
- Trident Alliance: Nine others join Maersk, WWL
WWL's Roger Strevens is organisation's chair.
- East Asian bunkering ops facing disruption from typhoon
Traders expecting incoming typhoon to make landfall within the next four days.
- Norwegian shipbuilder takes over 'eco' focused ship designer
$10.5 million acquisition completed.
- MGO tanker hijacked in Indonesian waters
Attack happened on Friday.
- Triple-E ships to get fuel monitoring tool
'Move reinforces ships' energy efficiency advantage,' according to system provider.