|MARCH 11, 2014|
- Bowring leads owners into UN accord on seafarers minimum wage hike over 2 years
- Suez Canal attracts as many Asia-US east coast boxes as Panama does
- China State Shipbuilding Corp rep urges Beijing to cap ship emissions
- Shanghai ports' river-sea transshipments take up 45.4pc of throughput
- US truck rates rise on driver shortage, railways seen as big gainers
- Hebei's total logistics value rises 9pc to US$1.3 trillion in 2013
- Hubei's Jingzhou port 2013 container volume hit exceeds 100,000 TEU
- Box traffic unreliability to persist in Africa ports on poor road and rail
- European Parliament to vote April 4 on re-activating carbon tax on aviation
- Air cargo key enabler of UK economy: Freight Transport Association
- Lambert-St Louis airport joins US Customs ACE cargo release pilot
- Middle East air passenger, cargo traffic is set to surge until 2032
|MARCH 10, 2014|
- "K" Line launches new JASECO services
- Ahlers India rolls out growth strategy till 2018
- CaroTrans launches US West Coast LCL service to all points in Central America
- DB Schenker expands its contract logistics capacity in Dubai due to global customer demands
- DNV GL & MPA collaborate in maritime research & development
- Lloyd's Register & UK P&I Club launch new ISM & ISPS pocket checklist apps
- Port of Portland offers cash to retain liner services!
- Cashew exports to hit record high in FY14
- Maize exports likely to dip 15 pc
- Services, investment pact with Asean round the corner
- Soyameal exports fall 68 pc in Feb.
- APM Terminals' network expands, improves throughput & safety in 2013
- Delays in furnishing duty refund claims hurting exports
- Telangana may get 4,000 MW mega power plant
- Argosy Transportation Group appointed CEE member in US
- Panama Canal expansion work resumes after deal
- UECC orders two dual-fuel, LNG pure car & truck carriers
- Worldwide Project Consortium prepares for 14th annual conference in Phuket
|MARCH 11, 2014|
- BNSF customers reduce CO2 emissions significantly
- Australia invests in railfreight network
- APMT with 3% growth in volume throughput
- Emirates flying to Boston and set to serve Chicago
- CrowleyFresh 100% food safe
- Thai Cargo now EU ACC3 and RA certified
- Xtra Lease takes up fight against rust with new trailers
- Japan's 24-hour rule goes into effect
- FlyUs expands operation to Paris
- Etihad Cargo to enhance China operations
- Port of Los Angeles searching for executive director
- Thermotraffic adds 20 Cool Liners to fleet
- Über 13 Millionen Fahrzeuge
- Just one day to go until the 17th Business Run
- Wiencont first Austrian terminal to join Inlandlinks
|MARCH 10, 2014|
- Trojan Marinex BWT receives approval
- BV to class Brittany Ferries gas-fueled ROpax newbuild
- Mermaid Marine firms up PSV contract with Inpex
- Rolls-Royce to take Daimler stake in MTU parent
- Vigor gets $33 million more for Momsen
- UASC adds 17th LNG-ready box ship to HHI order
|MARCH 10, 2014|
- Port Tracker report predicts rise in box port import numbers
- Inchcape Shipping Services names new Vice President
- BNSF Railway customers cut back CO2 emissions
- Contractor taking down buildings as part of POV access project
- Trucking association backs FMCSA investigative report
|MARCH 10, 2014|
- Hanjin Shipping to stay at Portland
South Korean line will review operational performance on a quarterly basis
- Indonesia's share of global LNG exports shrink to 7%
Domestic energy needs cut country's exports and spur import opportunities
- GSL boosts coupon to 10% on $40om bond
Extends charter contracts on 4 vessels to appease investors
- Teekay looks for $100m in new equity
Fundraising for TIL starts this week
- Knightsbridge buys five new capesizes from Frontline 2012
Tanker firm also buys a secondhand capesize as Fredriksen consolidates shipping interests
- Victory at sea
Igal Dafni talks exclusively to Containerisation International about his legal battles with former employers Zim and CMA CGM
- Pacific Basin selects PSA Marine bid for harbour towage unit
Hong Kong and Singapore firms hold exclusive talks over planned divestment
- Ukraine's Intresco backs Talis secondhand vessel deal
Cargoship acquisition shows shipping deals continue despite tensions in Crimea
- Will China capesize demand hold?
Rates rise for Brazilian cargoes but ports' stockpiles of iron ore are running high
- Dorian LPG plans to raise $287m in New York IPO
VLGC owner seeks funds to back its order for 19 gas carrier newbuildings
- Clarksons posts 26% increase in annual profit to $42m
Broker eyes investment and acquisitions as shipping trading conditions improve
- Data Hub: Trade Statistics
Latest trade data suggests the beginning of a recovery
- UASC exercises its option for a sixth 18,000 teu containership
Carrier completes its $2bn investment plan as Box Club meets in Dubai
- OOCL 2013 net profit plunges 90%
Hong Kong carrier signals increasing cascading pressure
|MARCH 10, 2014|
- Higher throughput services launched
AuroraGlobal, which are high throughput satcom services, are now available for maritime customers looking to increase bandwidth
- RINA launches cruise power tool
RINA has launched InfoSHIP EM, a real-time tool for monitoring and optimising the hotel power demand on cruise ships
- Crew rescued from stranded Varun LPG carrier
The Indian Coast Guard rescued three officers from an LPG carrier stranded off Mumbai Port yesterday
- Gas leak kills naval officer
A gas leak aboard a yet-to-be commissioned naval ship undergoing trials at Mumbai Port Trust killed one and injured two dock workers on Friday
- Shipping companies up technological emphasis
Shipping companies are now placing an increased emphasis on technological innovation to boost efficiency and productivity in order to get ahead of the competition, said Asia-Pacific Maritime organiser Reed Exhibitions today
- Queensland coal ports reopen
Queensland coal ports of Mackay, Hay Point, reopened today after being encircled by two cyclones over the weekend
- Evergreen's fourth L-type to join Asia Pacific-Europe route
Taiwanese carrier Evergreen Marine Corp announced last Friday that its fourth L-type vessel will be delivered into service on 11 March and join Evergreen Line's Asia Pacific-Europe route
- OOIL profits down 84% y/y
Orient Overseas (International) Limited's (OOIL's) profits slumped 84% year on year to $47M in 2013, due to depressed freight levels and vessel depreciations
- Vopak acquires 30% equity interest in new China terminal
Royal Vopak today announced it had signed an agreement with Xianglu Petrochemical in Fujian province, China, for Vopak's acquisition of a 30% equity interest in Zhangzhou Gulei Haiteng Jetty Investment Management
- COSCO ships join search for missing airplane
COSCO bulk carrier Tai Shun Hai started searching for the missing Malaysian Airlines passenger aircraft yesterday at 0900 hours local time at a possible accident site in the South China Sea, according to China's Ministry of Transport
|MARCH 10, 2014|
- US Containerized Imports Expected to Rebound in March
U.S. container ports will enjoy a big increase in containerized imports this month now that factories in Asia are back in full operation following the Chinese New Year celebration. The Global Port Tracker published monthly by the National Retail Federation and Ben Hackett Associates projects an increase of 12.4 percent in...
- Overcapacity a Prospect for Reefer Container Shipping in 2014
Peter Frederiksen, a member of the executive board of Hamburg Süd, addresses Cool Cargoes track attendees at the JOC's TPM conference in Long Beach, Calif., on March 3.Overcapacity is a threat to container lines' refrigerated cargo segment this year, despite projected growth in the global reefer market, according to Peter...
- Hanjin Staying in Portland
Hanjin vessel at the Port of Portland, Ore.Despite productivity declines at Terminal 6 that have lingered for months, Hanjin Shipping Co. informed the Port of Portland today that it will continue to operate its weekly trans-Pacific service. "The announcement comes as welcome news to hundreds of shippers who depend on the...
- From TPM: Panama Canal Expansion No Game-Changer
From left: Tay Yoshitani, Port of Seattle; Robert Leachman, University of California, Berkeley;John Wheeler, South Carolina State Ports Authority; Michael Murphy, CenterPoint Properties; Richard Smith, Sears Holdings Corp.LONG BEACH, Calif. - Retailers and other beneficial cargo owners that import merchandise from Asia make their routing decisions based on where the goods...
- Q&A: What's in a Name: Shipper vs. Consignor
Q: Bills of lading tend to refer only to the "shipper" of the goods, which I take to mean the consignor - that is, the party who tenders the goods to the carrier for shipment. I think I'm correct in this. But are the two words complete synonyms? Do they necessarily...
- US East Coast Ports Will Struggle to Handle Mega-Ships, Drewry Warns
Many U.S. East Coast and Gulf ports will struggle to handle the larger container ships the P3 and G6 carrier alliances likely will deploy on trans-Atlantic routes, according to Drewry Maritime Research. The alliances' consolidation of services means much larger ships could replace the 3,500- to 6,500 TEUs vessels currently deployed,...
- Global Food Supply Chain Impacted by US Safety Legislation
Jaymie Forrest, Alexander ProudfootThe U.S. Food Safety Modernization Act has impacted the global food supply chain and, by extension, global reefer carriers too. At JOC's TPM 2014 conference, panelists explored the challenges associated with the new legislation's stricter regulations on the food logistics industry. Lenny Feldman, a managing member at the...
- PSA Wins Kolkata Port Container Concession
PSA International, through its wholly owned subsidiary PSA Bharat Investments, has won a container-handling contract at India's Kolkata Port, helping the Singapore-based terminal operator consolidate operations in the eastern cargo gateway. The 10-year deal, covering "operation and maintenance" of five berths at the dock, is scheduled to take effect in December...
- China Scales Back Growth Targets
China's target of 7.5 percent GDP growth in 2014, although lower than in 2013, will still be a spur to shipping demand in the coming months, according to one shipping analyst. Premier Li Keqiang announced the target, which would represent a slowdown from the 7.7 percent growth achieved in 2013, in...
- South Korea Seeks Access to North Korean Port
South Korea is hoping to reach an agreement on access for its companies to make use of North Korea's port city of Rason, which boasts an ice-free harbor near the Russian and Chinese borders. Special economic zones offering tax breaks, cheap labor and land in a bid to attract foreign investment...
|MARCH 10, 2014|
- Supramax for sale
Setaf-Saget of France is looking to offload one of its supramax bulkers in what appears to be a bid to cash in on rising asset values.
- Ironridge in at NewLead
California investment firm Ironridge Global Partners has emerged as the name behind a $25m investment in New York-listed NewLead Holdings.
- Bigger payday for Cox
Matson's chief executive earned a nearly $1.53m rise in compensation as the US liner operator handed him a large stock award.
- Market monitors crisis
The crisis in Crimea could have a significant impact on the tanker market if Ukraine and other European nations end up reducing their reliance on Russian crude, a leading investment bank told clients Monday.
- Silver lining playbook
A growing number of market forecasters are urging members of the shipping industry to keep a close eye on the crisis in Ukraine, the centrepiece of a standoff that stems from the Russian invasion of Crimea.
- Saade still wants seats
Global Ship Lease's (GSL's) largest shareholder appears to be moving forward with a campaign aimed at seizing more seats on its board of directors.
- NewLead banks another $25m
Greece's NewLead Holdings is looking to grow its fleet after raising $25m in a stock sale.
- Kensico digs Dorian
Kensico Capital Management has emerged as one of Dorian LPG's largest shareholders.
- Intelsat connects
A new agreement will help Intelsat, the world's leading provider of satellite services for media and military use, to compete with main maritime provider Inmarsat in delivering high-capacity broadband telecommunications services to ships.
- OSG builds exit financing
Bankrupt tanker owner OSG has increased the amount of exit financing it needs to emerge from restructuring.
- Fredriksen builds Knightsbridge fleet
John Fredriksen-controlled Knightsbridge Tankers (VLCCF) is buying six capesizes from Frontline 2012 and the tycoon's private account as it positions itself for dominance in its market.
- SCI sells another
Shipping Corporation of India (SCI) has sold its third veteran anchor-handler in nine months.
- Aker Phil follows-on
Aker Philadelphia Shipyard has launched a follow-on offering of stock to fund tanker construction.
- GSL tries again
Boxship owner Global Ship Lease (GSL) is relaunching a $400m notes issue after scrapping a previous attempt last month.
- BV wins LNG work
French society Bureau Veritas has won a deal to class Brittany Ferries' new LNG-fuelled vessel.
- Mermaid takes two
Mermaid Marine Australia has ordered two platform supply vessels (PSVs) on the back of long-term charters to domestic producer Inpex.
- Pac Basin finds buyer
Bulker owner Pacific Basin has found a potential buyer for its harbour towage operation.
- Libya threatens tanker
Libya has threatened to bomb a North Korean-flagged tanker that is loading oil at a port held by separatist rebels.
- Sea World takes handysize
Sea World Management of Monaco has bought a 2001-built d'Amico International Shipping tanker for a strong $13.6m.
- New investor at Latvian
Riga tanker owner Latvian Shipping Co (LSC) has a new "significant" investor.
- Clarksons stronger
Underlying earnings have risen at London broker Clarksons as revenue increased in 2013.
- Vopak makes China move
Dutch group Vopak has taken a 30% stake in a petrochemicals terminal in China.
- OOIL profit tumbles
OOIL, the parent of Hong Kong liner giant OOCL, has seen net income plunge due to overcapacity in the industry.
- Boxship aground off Greece
A Turkish-owned containership has reportedly run aground off the Greek holiday island of Mykonos.
- Sea Breeze still afloat
A small bulker that was threatening to sink off the southern UK coast on Sunday morning has been towed to safety.
- UASC makes it six
United Arab Shipping Co (UASC) has exercised an option for a sixth 18,000-teu containership at Hyundai Heavy Industries.
- Eclectic drops FSL
Eclectic Investment Company has trimmed its stake in troubled Singapore shipowner First Ship Lease Trust (FSL Trust).
|MARCH 10, 2014|
- NEWSFLASH: Hanjin to stay at Port of Portland
Hanjin Shipping announced Monday that it will continue calling the Port of Portland on a weekly basis.
- OOCL's Tung sees overcapacity but 'positive results' in 2014
OOIL Chairman C.C. Tung said that overcapacity will occur this year, stemming from tonnage growth, but that there will be higher demand than in 2013. OOIL saw revenue of $6.23 billion in 2013, compared to $6.46 billion in 2012.
- Airlines report February cargo gains
American Airlines reported an 11.2-percent gain in cargo miles in February, with 173,529 cargo ton miles, up from 156,097 cargo ton miles in February 2013. United Airlines logged 182,913 cargo ton miles in February.
- Equity firm invests in Canadian trucking provider
- January U.S. exports reach $192.5 billion
- Search continues for Malaysia Airlines flight
- CBP eyes North American trade symposium
CBP Deputy Commissioner Thomas Winkowski laid out the possibility of expanding the CBP Trade Symposium to Mexico and Canada to exchange ideas for minimizing the regulatory burden on cross-border trade.
- Fire extinguished on Crowley barge
- Sea Star, Horizon pay $3.4 million in price-fixing settlement
Sea Star Line has agreed to pay $1.9 million, and Horizon Lines has agreed to pay $1.5 million. The civil settlements resolve allegations in a lawsuit filed in federal court by former Sea Star Line executive William Stallings.
- Hanjin consolidates service centers
- Executive moves
- New CBP chief pledges to enable trade
- Container imports expected to benefit from retail surge
|MARCH 10, 2014|
- Wartsila unveils new inline scrubber system
Claims system has notable benefits over conventional exhaust gas cleaning systems.
- Prices move independently in Rotterdam
Prices firming in Istanbul.
- Prices flat for most grades in Fujairah
Tight delivery schedules reported in Fujairah bunker market.
- WFS completes UK acquisition
'The Watson acquisition will serve as a platform for further growth across Europe.'
- EU abandons 'united front' response to NOx delay move
Member states to vote on their own accord.
- Container vessel driven onto rocks
Ship has 200 mt of bunkers in its fuel tanks.
- Maxcom boosts bunker services at Augusta
Bunkering now available at Santa Panagia roads.
- Vancouver strike threat returns
Port drivers to start action Monday.
- Suspect slick is 'bunker fuel'
Oil in South China Sea is 'not from missing aircraft'.
- US owner impatient with LNG bunker fuel progress
Focus will now switch to land transport.
- ECA rules damage prospects for UK ports
Humber's links with Scandinavia and the Baltic states 'are not growing as quickly as hoped'.
- Dry bulk owner doubts 'eco' ship benefits
Secondhand buys furnish comparable efficiency gains.
- Asian prices keep to downward path
Tight avails seen in Tokyo Bay.
- Shipowner buys another 'LNG conversion ready' vessel
Move spurred by fuel oil as 'the largest cost driver'.
- Annual profits dwindle for Hong Kong-listed group
Lower bunker costs fail to lift bottom line.