|MARCH 10, 2014|
- Asia-Europe rate below $1,000/TEU break-even point on Shanghai index
- US shippers shun multi-year contracts in face of rate volatility
- Hyundai Merchant Marine narrows loss to US$672 million, sales up 2.5pc
- Hamburg Sud boss expects tough times as reefer rate hikes fail to stick
- DP World London Gateway takes ships unable to call at other UK ports
- Inner Mongolia's Mandula checkpoint wins full-year operational approval
- Shanxi province continues to exempt exports from inspection fee
- Truckers blast Obama budget for favouring rail freight over trucking
- EPA fines Chinese quad bike importer US$725,000 for petrol fumes
- Chinese auto exports fall 27pc as ex-Soviet trade barriers increase
- Carrier on-time reliability continues decline to record low: SeaIntel
- ATSG posts 2013 loss of US$19.6m due to 2007 acquisition
- Air China to commence Beijing-Washington service this summer
- Chennai airport risks missing EU's July 1 cargo security regulation
|MARCH 7, 2014|
- ABG Shipyard looking to boost capital to INR 17K cr.
- Arctic shipping route unlikely to be viable, says report
- ATC Group's Pune customer meet generates tremendous response
- Early signs of stability emerging for Indian shipping industry; downside risks still remain, says India Ratings
- Kanoo, Seaworld in shipping joint venture
- APM Terminals Inland Services South Asia wins 'Excellence in Manufacturing Sector' award at 3rd Asia Manufacturing Supply Chain Summit
- Approvals for new port projects pick pace
- KPT resumes container handling
- MMTC to export 80,000 t wheat from Kakinada port
- Railways & Maruti flag off country's first flexi deck auto-wagon rake
- Commerce Ministry wants duty on iron ore pellet exports scrapped
- Forex reserves increase by $ 954.6 m to $ 294.36 bn
- GVK commissions 330-MW hydel project
- INR surges to 60.94 on heavy dollar selling, ends strong at 61.09
- Sugar exports likely to surge
- B. K. Mansukhani's 70th birthday gala sees participation from top dignitaries
- USIIC celebrates 3rd Foundation Day
|MARCH 7, 2014|
- Former Sea Star VP to collect $512,719 whistleblower award
- Wind farm support cats to have Rolls-Royce water jets
- Warning on dangerous draining system modification
- Gulf of Guinea crew kidnaps surge
- Eastern Shipbuilding delivers another Bravante PSV
- March 07, 2014 Kleven takes over Bergen Group OCV contracts
- Jones Act tanker to be converted to shuttle in Poland
|MARCH 7, 2014|
- Port of Kalama Harbor Master elected as NMTA president
- US rail freight traffic count rolls to up/down week
- Port of Seattle names top police officer for 2014
- Port of Los Angeles seeking candidates for Executive Director
- Carriers working together to build new LNG vessels
|MARCH 7, 2014|
- DSF cuts out of Torm's 13 vessel facility
Company sells vessels to Oaktree
- Why Ukraine's Black Sea ports matter for the global fertiliser market
Disruption from the Crimea crisis would hit dry bulk shipping of both finished product and related chemicals
- Brussels urges member states to adhere to NOx reduction plans
Member states told not to support Russian proposals for a five-year delay on NOx tier III implementation
- Nordea sells $166m of Torm bank debt
Sale is at least the second major shipping divesture by Nordea so far this year
- US LNG exporters benefit from energy security fears over Russian gas
Risk to pipeline through Ukraine could push importing states to look west for new supplies
- Greek owners scoop most vessels from Japan and Germany
Many vessels traded between Greeks, according to online valuer
- Second valemax enters China despite Beijing ban on largest bulkers
Ship tracking data finds Vale Indonesia unladen off Qinhuangdao
- The Week on Wall Street | March 7
Free to read: Navios Holdings rated a 'buy' but opinions differ on Star Bulk
- Shipping associations slam Suez Canal toll hikes
Marine industry bodies are 'dismayed' as the waterway raises its fees for a third year
- Europe's transport commissioner is tipped to lead Estonia
Sudden return to Tallinn fuels talk of Kallas being named prime minister
- Fejfer sets $1bn profit target for AP Moller-Maersk ports arm
APM Terminals aims to be the world's top operator by 2016
- Russian coal transit cargo suspended at Crimea port of Kerch
UPDATED: Ukraine thinktank says shipments have customs clearance problems
- North America container terminals weather storms on many fronts
US Atlantic and Pacific ports face early tonnage cascade, population shift and contract talks
- Higher volumes from new terminals drive 20% profit hike for ICTSI
Philippines container port operator posts 12% volume growth in 2013 as Karachi joins the fold
- Hyundai Merchant Marine narrows its losses to $672m
High fuel costs and low freight rates offset 2013 cost-cutting and increased sales
- The price of failure
The more we know about why things fail, the better our preventive measures will be
- Torm has high hopes for medium range tankers' spot earnings
Better rates free Danish product shipping giant to focus on customers and tonnage
|MARCH 7, 2014|
- Anchorage sues MarAd over port project
Expansion of the Port of Anchorage, Alaska, to handle more and larger containerships was mishandled by the US government, the city of Anchorage has alleged in a lawsuit seeking monetary damages
- US ports score dredging funds
Two Mississippi ports have received increased federal funding for maintenance dredging thanks in part to their representative in Washington
- Oaktree takes more Torm tankers
American private-equity company Oaktree has acquired another 13 product tankers from Denmark's Torm after buying nine last year
- Shipping continues amid Ukraine tensions
IHS Maritime research shows that commercial shipping does not appear to have been affected by the military standoff between Russia and Ukraine
- Australian coal ports on cyclone watch
Destructive winds and heavy rains are expected to hit the Queensland coast over the weekend as ports are put on cyclone watch and ships ordered out to sea
- Commission to take up Philippines STCW concerns at IMO
The European Commission is looking to open talks with the IMO in what looks to be an attempt to step back from derecognition of the STCW certification of seafarers from the Philippines
- Seadrill raises SEK1.50Bn
Seadrill, the London-based, Oslo-listed company in the centre of John Fredriksen's drill ship and rig operations, has raised SEK1.50Bn ($234M) in an issue of five-year bonds
- Aker Philadelphia signs $120M loan facility
Aker Philadelphia Shipyard, the Oslo listed company that builds Jones Act vessels in Philadelphia,USA, says it has signed a $120M loan facility with Caterpillar Financial Services to finance the construction of four product tankers
|MARCH 7, 2014|
- Home Depot's New Strategy Tied to E-Commerce Growth
A Home Depot fulfillment center.It begins with a leaky faucet, or perhaps a broken piece of crown molding, or a washing machine, or ceiling fan. Something needs to be fixed, replaced, improved or installed - and the right tools are required to do it. That specific need generates the demand...
- SCFI: Asia-Europe and Asia-US Rates Continue to Tumble
Shanghai Containerized Freight Index, North Europe, week ending Mar. 7, 2014. Full-size image Spot container freight rates from Shanghai to U.S. ports fell about $70 per 40-foot container from last week, while rates from Shanghai to northern European and Mediterranean ports dropped more than $100 per TEU for the fourth straight week...
- Ocean Carrier Rate Revision Roundup for March 7
Several container lines have scheduled rate hikes in multiple trade lanes from April to May, although any increases achieved could be temporary, as overcapacity continues to negatively impact carriers' control over freight rates. At JOC's TPM 2014 conference this week, panelists said container lines will continue to face challenging times in...
- New CBP Chief Says He Understands Security, Trade Facilitation Balance
WASHINGTON - Fresh off his Senate confirmation, U.S. Customs and Border Protection Commissioner Gil Kerlikowske today acknowledged industry concerns that he wouldn't balance trade facilitation and security but said he understands the importance of doing so. The Senate yesterday afternoon approved President Obama's nomination of Kerlikowske to CBP, giving the agency...
- 'Culture Is Critical' in Today's Hiring Market
From left: Susan Pellechio, Staples; Mark D. Schweitzer, Archer Daniels Midland; and John Bowe, American Maritime Group.LONG BEACH, CALIF. - The transportation and logistics industry is dealing with "significant" issues surrounding human capital and succession planning, not just in the U.S., but on a global basis, said Tim McNamara, managing director...
- Ottawa Requires CN, CP to Move More Grain Amid Delays
The Canadian government is requiring the nation's two largest freight railroad to move about 551,000 tons of grains weekly or suffer daily fines of up to $111,000. Transport Minister Lisa Raitt and Agriculture Gerry Ritz said today that the order-in-council will more than double the weekly amount that Canadian Pacific Railway...
- Truckload Revenue Leaps at Landstar System
Higher first quarter volume and revenue at Landstar System reflect rising freight demand and truck rates, despite and perhaps in part thanks to severe weather. Load volume rose 2 percent in February, while revenue per load was up 7 percent, Henry Gerkens, chairman and CEO of Landstar, told financial analysts on...
- Horizon to Pay $1.5 Million to Settle Price-Fixing Claims
Horizon Lines LLC has agreed to pay $1.5 million to settle claims by U.S. government agencies that the Justice Department said were harmed by carrier price-fixing in the U.S. mainland-Puerto Rico trade. The settlement agreement ties up another loose end from the Justice Department's investigation of price-fixing by the three largest...
- JOC Trucking Employment Index Flat in February
JOC For-Hire Trucking Employment Index Full-size chart The JOC For-Hire Trucking Employment Index was flat in February as winter storms chilled trucking industry hiring plans. However, the February reading of 96.1 was still the highest for the trucking employment index since June 2008. Employment at for-hire trucking operators increased 1.1 percent year-over-year in...
- APL's Seroka Cautiously Optimistic on US West Coast Labor Negotiations
APL's President of the Americas Region Gene Seroka added his vote of cautious optimism yesterday to a growing list of industry executives who believe the International Longshore and Warehouse Union and the Pacific Maritime Association will successfully conclude contract negotiations this summer. "Both sides want to get it done," Seroka told...
- Hamburg Bucks Container Traffic Trend
Feeder vessels at Hamburg's Burchardkai terminal. Photo ' HHM/Lindner.Hamburg increased container throughput by 4.4 percent in 2013, as surging Baltic traffic and a recovery on Asian services helped it to buck the downward trend across the North European port range. Port of Hamburg: Loaded container throughput, 2009 to 2013 Full-size chart Container traffic...
- Controlling the Chaos
Call it the "mega" age. The 13,000-TEU-plus vessels that have spawned the formation and expansion of alliances such as the P3, G6 and, most recently, Evergreen's joining the CKYH are the latest examples of a container shipping industry taking dramatic measures to control its fate. Those vessels and alliances, of course,...
- Tentative Agreement With Truck Drivers Averts Vancouver Strike
A potential strike at Port Metro Vancouver, Canada's largest container gateway, was averted after a government-appointed mediator helped hash out a tentative deal with port truck drivers, according to various reports. Under the tentative deal, union-represented drivers agreed not to strike and non-union drivers could be back on job as soon...
- The Gathering Storm
I've been reading various articles on Southern California's operating problems related to chassis, terminal conditions, truckers and an unfortunate internal report of a container sitting at a terminal in Long Beach for 10 days after being discharged from the vessel awaiting a trucker to take it to the railyard for...
|MARCH 7, 2014|
- Torm pulls the trigger
One of Torm's lenders has ordered the Danish operator to sell 13 products tankers to Oaktree Capital, the private equity firm that purchased eight ships from the same owner less than a year ago.
- Hanjin wins crude deal
Hanjin Shipping has clinched a $112.8m deal to transport crude for S-Oil.
- South Korea opens up
South Korea is relaxing the law to allow cargo owners to buy into domestic shipping companies or establish their own lines.
- d'Amico cuts stake
The main shareholder of d'Amico International Shipping has sold a 10% stake for EUR 29.32m ($40.66m).
- HMM chops loss
Hyundai Merchant Marine (HMM) posted its third straight year of losses but managed to curb the deficit after offloading some assets.
- LDA: no new order
France's Louis Dreyfus Armateurs (LDA) has denied reports it has returned to China for bulker newbuildings.
- China Ocean banking $7m
China Ocean Shipbuilding is raising $7.3m from the sale of new shares.
- Rangk rescheduled
Singapore is holding an Admiralty auction for a fast support intervention (FSIV) arrested last November.
- Palmali kickstarts order spree
Palmali Shipping has signed up for five new tankers at its reactivated Armada Shipyard in Turkey.
- Precious plan revealed
TradeWinds digests the digits making the headlines this week.
- Haisheng borrows from CSG
China Shipping Haisheng has secured a CNY 800m ($130.58m) loan from its parent China Shipping Group (CSG).
- Kleven takes Volstad duo
Kleven Maritime has agreed to takeover a pair of half-built subsea newbuildings from Bergen Group which is scaling back on its shipbuilding activities.
- CalMac grows
Scottish ro-pax group Caledonian MacBrayne (CalMac) has pushed up passenger numbers in 2013.
- SinOceanic cuts loss
Norwegian boxship owner SinOceanic has reduced its fourth quarter deficit as financial costs fell.
- Lomar confirms trio
Lomar Shipping has exercised options for a trio of containership newbuildings at shipyards in China
- Crew evacuated from tanker
Six seafarers have been taken off a products tanker after it caught fire off Turkey.
- CSAV pays second fine
Chilean container line CSAV has agreed to pay its second penalty in a week in alleged price-fixing investigations in the US.
- Heeeere's Polys
We take a look at what was said in the market over the past week.
- Ukraine crisis intensifies
Political tensions in Ukraine may end up accelerating the approval of applications for licences to export LNG from the US to countries that lack free trade agreements with the nation's government, a top equity analyst told clients Thursday.
- Not fit for purpose
A Chinese shipyard's failure to follow proper procedures looks to have cost a seafarer his life, an Australian accident report has found.
- Paragon's playbook
Efforts to establish strong relationships with top tier Chinese shipyards appear to be bearing fruit for Greek bulker and containership operator Paragon Shipping.
- Petronas in Taiwan deal
Petronas has extended its LNG supply ties with Taiwanese state-owned energy company CPC Corporation.
- Baltic halts BCI 2014
A revision of the Baltic Exchange's new benchmark capesize index appears to have suffered some early teething problems.
- China cargoes still strong
Iron ore exports to China from Australia's Port Hedland jumped 36% year-on-year last month, figures from the port authority show.
- Fire hits Crowley barge
Fire has struck a Crowley Maritime container barge off the Bahamas, the US Coast Guard said today.
|MARCH 7, 2014|
- Senate confirms Kerlikowske as CBP chief
As his first public speaking engagement as the new head of CBP, Gil Kerlikowske will make a surprise appearance at noon Friday at the CBP Trade Symposium in Washington, D.C.
- EU officials to vote on maintaining emissions momentum
- DOT amends rail crude rules
The Department of Transportation amended its emergency restriction regarding the transportation of oil via rail Thursday, as NTSB announced that a public hearing on rail crude will occur April 22.
- Container carriers to see 'pain' for years
Transpacific container volumes are expected to increase in the next several years, but increased capacity brought on by ships cascading from the Asia-Europe trade bring challenges as carriers seek to raise rates and prevent volatility.
- UECC orders LNG pure car and truck carriers
- UPS to report hazmat information electronically
- Carriers: Driver pay will increase to combat shortage
Annual driver pay may have to approach the $100,000 threshold in the next couple of years in order to attract enough employees to fill a driver shortage, according to one carrier executive.
- Weekly GRI Roundup
- CSAV pays fine in settlement with FMC
- Investment firm buys Port Logistics Group
|MARCH 7, 2014|
- Volatile fuel prices in Houston
Heavy demand and good avails reported at US Gulf coast port.
- Weekly Global Market Report
A weekly price roundup from bunkering hubs around the world.
- Hanjin Shipping inks crude transport deal worth millions
South Korean refiner S-Oil Corp to pay firm $112.8 million for its services.
- Prices falling in Rotterdam
Markets generally soft across Europe.
- IFO prices move up in Fujairah
Prices lacked direction in South Africa.
- Crewman injured in fire on oil products tanker
Tanker caught fire off Istanbul.
- China 'looking at ECA style' controls
Reports says proposals have been submitted to the state legislature.
- 'Eco' ships are 'like iPhones', say ship financier
Latest model proves to be the most attractive.
- Sinopec expands its fuel oil storage capacity
Storage space on Hainan Island in South China has become operational.
- Shell: LNG bunker barge orders could rise to four
Industry sources reported saying first barge order is close.
- LNG fuelled passenger ferries to start bunkering in Norway
Norwegian authorities give final clearance for gas-fuelled ferries to be bunkered with passengers on board.
- Asian bunker prices broadly stable
Narrow-range trading seen this Friday.
- Reports: Fire on bunker barge in Turkish Straits
Salvage crews tackled the blaze.
- RoRo operator to add LNG dual-fuel carriers to fleet
Newbuilds will be the 'world's largest' car carriers to run on LNG, according to shipbuilder.
- BLT releases 2012 and 2011 results
Firm is undergoing a 'transformation through adversity'.
- Interactive map highlights 'higher risk' bunker spill zones
Shows risks involved with maritime and offshore activities in the Arctic.
- Profit up at Irish ferry operator
But expects a 'substantially' bigger fuel bill from 2015.
- Update: Titan saved from insolvency
Court proceedings for winding up petition held today.
- Piraeus and Greek short sea fleet focus for LNG meeting
SNAME-led discussion to cover economics and technicalities of using LNG as marine fuel.