|JULY 11, 2014|
- Maersk fixes Asia-N Europe network as P3 Alliance crumbles
- TSA lines push for general rate hikes between now and August
- West Coast ports contract expires and brings a surge in imports
- Shanghai port's June box volumes rise 11pc to record 3.06m TEU
- Economists' poll shows second quarter GDP growth steadies at 7.4pc
- Trans-Pac Partnership talks to take grouping to final stages: Japan
- Case over US$1.6bn in cost overruns at Panama Canal to begin
- Sino-Global Shipping America to buy Longhe Ship Management HK
- Freight rates enjoy summer rally: Alphaliner
- 6,350-TEU Zim Hamburg joins Zim & MSCs' N Europe-Med (NE-1)
- West Coast ports contract expires and brings a surge in imports
- Sohar port handles first 10,000-TEU vessel
- Israeli government goes to Supreme Court to keep Zim's golden share
- KMTC takes in charge the 5,466-TEU 'mumbai'
- Hactl first half volume up 13.6pc despite big Cathay cargo opening
- India's government fast tracks air freight stations (AFS)
- Alabama's Huntsville airport traffic jumps back in June
- Panalpina strives to reduce environmental impact of air cargo lift
- Fairbanks airport expands for more freighters, but pace is slow
|JULY 10, 2014|
- London P&I Club Chairman calls for international action on ports of refuge
- MSA Shipping successfully organises all-India managers meeting
- MSC & Maersk Line enter into multi-trade vessel sharing agreement
- Iron ore exports plunge 41 pc in Q1
- Oilmeal exports plunge 31 pc in Q1
- Budget 2014-15 proposes new port projects, comprehensive shipbuilding policy, reviving SEZs
- GMB revives Parodiya jetty near Salaya
- ICTSI terminates contract with L&T Shipbuilding to operate Kattupalli container terminal
- Rating agency ICRA's reaction on port sector-specific proposals in the Budget
- Govt scraps incentives on SMP exports
- INR pares early gains against dollar
- BRICS bank to be launched next week: Russia
- MACCIA delegation meets CIDCO officials on infrastructure issues near JN Port
|JULY 11, 2014|
- New rail service between UK and Turkey
- German-French cold chain goes into action for Bastille Day
- Nicaragua unveils route for Atlantic-Panama canal
- Western Bainoona Group to utilise Etihad Rail services
- "Spirit of St Louis" crosses Atlantic once more
- MOL and China Shipping cooperate on LNG newbuildings
- Russian Railways starts developing Baikal-Amur mainline
- Geis participates in parcel collection network in Czechia
- Uzbekistan Airways returning to Ukraine
- DP DHL retains existing CEO and names new one
- System Alliance participating in EcoTransIT initiative
- Beware - pirates in Southeast Asia, says Sami
- Zetes supports DPD Ireland's delivery process optimisation
- China Eastern stepping up South Korea operation too
- Baltic Exchange honours Zodiac Group boss
|JULY 10, 2014|
- Teekay LNG inks contracts for six Yamal LNG carriers
- Rolls-Royce to design and equip stern trawler
- Wilson Sons to built two Damen PSVs for Petrobras charter
- NYK orders LNG bunkering vessel
- Ezra to consolidate EMAS Marine and EOC
- BAE San Diego shipyard gets $15.8 million contract mod
- Southeast Asia piracy threat increases
|JULY 10, 2014|
- Port of Olympia eyes advisory for Marine Terminal Master Plan
- Trucking association releases driver turnover rate numbers
- Federal Mediation and Conciliation Service gives update on Pacific Northwest grain talks
- Port tracker report finds record-breaking import levels
- Inchcape Shipping Services warns of port strike in Chile
|JULY 10, 2014|
- Maersk is mystery seller behind latest Euronav VLCC purchase
Maersk Tankers buys four VLCCs that it bareboat charters, then sells them to Euronav
- Baltic Exchange appoints new chairman
China Navigation's Guy Campbell replaces Quentin Soanes
- European shippers concerned over 2M Asia-Europe marketshare
ESC also calls for monitoring programme for proposed new alliance
- Shippers call for 'unreliable' shipping line service levels to improve
Vessel-sharing agreements such as recently announced 2M could address shipper issues
- Shipping losses hit DNB share price
Shipping portfolio down by over a third, Norwegian bank admits
- Lloyd's Register helps UK port become LNG bunkering hub
Classification society promotes safe LNG bunkering
- Maasvlakte2 legal dispute reaches crucial stage
Judge given until September to assess ECT lawsuit
- Teekay's $2.1bn order for six LNG ships 'solidifies' its role in Yamal project, says Evensen
US-listed owner paying around $350m for each newbuilding
- Iranian tanker sanctions remain despite EU court annulment
NITC restrictions stay in place pending possible appeal, lawyer confirms
- SHI wins $441m order for three tankers
South Korean yard to build high-specification ships at $147m apiece for European company
- Zim golden share saga takes fresh twist
Israel's government appeals against court ruling on the future of its stake in the line
- IRISL anticipates end of sanctions on Iranian shipping
Issue set to be raised at Vienna talks
- Brussels launches investigation into Dutch port tax regime
France, Belgium and Germany also informed of concerns over port taxes
- Maersk and MSC to be sole partners in east-west trades
All other co-operative arrangements will end, says Maersk's Søren Skou, who puts overall 2M market share at below 30%
- Thumbs up for 2M from Macquarie
Bank says planned Maersk-MSC tie-up is best case alternative to P3
- Three subsidiaries of Chinese state carriers head back into the black
CMES, Cosco Shipping and CSC Phoenix expect to report net profits for January-June
- VLCC earnings climb steadily, at last
After two months in the doldrums, earnings are coming back
- US Department of Energy downgrades Iraqi crude production
Violence has introduced 'significant uncertainty into Iraqi oil outlook' says US
|JULY 10, 2014|
- Genco emerges from bankruptcy
Peter Georgiopoulos-chaired Genco has successfully exited Chapter 11 bankruptcy protection, a newly filed court document confirms. "On July 9, the effective date of the first amended prepack plan occurred and the plan was substantially consummated," wrote Genco's counsel. Genco announced the judge's
- US anticipates record box volume
Hedging by retailers against supply chain disruptions is causing a surge of US container imports, a shipper group has revealed. The National Retail Federation (NRF) on 9 July said it expects import box volume at major American container ports to hit 1.5M teu in July - the highest monthly tally in
- European Commision launches port tax probe
The European Commission has opened a series of investigations into fiscal practices at European Union ports. The commission's competition directorate has started an in-depth investigation into corporate tax exemptions at the Dutch ports of Rotterdam, Amsterdam, Zeeland, Groningen, and Moerdijk but
- ExxonMobil debuts ECA fuel
ExxonMobil Marine Fuels & Lubricants has unveiled a new marine fuel category to ease compliance with the 0.1% sulphur cap within Emission Control Areas (ECAs) starting 1 January 2015. ExxonMobil Premium Heavy Distillate Marine ECA 50 (HDME 50) has been formulated to offer the low sulphur content
- Samsung wins high-spec shuttle tankers
South Korean shipbuilder Samsung Heavy Industries (SHI) has secured an order for three high-specification icebreaking shuttle tankers from an undisclosed European owner. The order is worth KRW 446Bn ($440M). Sources indicate that the three vessels are likely to be slightly larger than the 72,700dwt
- French ferry workers suspend strike
A strike by seafarers at French Mediterranean ferry company SNCM has been 'suspended'. Members of the unions involved voted to end the 17-day-old strike after winning an assurance that no attempt would be made to put the struggling company under court administration before the end of October. Union
- COSCON to close eight US offices
Cosco Container Lines (COSCON) Americas is to close most of its regional offices in the United States as it centralises its North American operations in 2015. The carrier will close offices in Boston, Charleston, Chicago, Henderson, New York, Norfolk, San Francisco and Seattle, and all business will
- Ezra to expand offshore support business
Singapore-listed offshore service provider, Ezra Holdings (Ezra) has plans to consolidate its offshore support services division, EMAS Marine, into its associated company, EOC, which is listed on the Oslo Bors, Norway. Upon completion of the transaction, the enlarged EOC group will be one of the
- Yinson receives offer from BW Offshore
Malaysia-listed floating production unit player, Yinson Holdings has received an offer from BW Offshore to either sell down or increase its stake in the Petroleo Nautipa FPSO, currently in Nigerian waters. BW Offshore had proposed to reach a mutual agreement over the eventual 100% ownership of the
- Insight: German cruise ship showered with debris from Hamas rocket attack
On 7 July, the German 69,000GT cruise ship AIDAdiva was hit by debris from a Hamas rocket which was intercepted by an Israeli 'Iron Dome' missile defence battery as it left the port of Ashod, a mere 29km from the Gaza strip. The debris did not cause any damage and was removed by the crew
- Yamal LNG orders augur well for DSME
Winning 10 LNG carriers for the Yamal LNG project bodes well for Daewoo Shipbuilding & Marine Engineering's (DSME's) long-term earnings, said a shipbuilding analyst today. DSME yesterday clinched nine of the orders from Teekay, Mitsui OSK Lines and China Shipping LNG, in addition to an earlier order
- Maersk Line seals 10-year VSA with MSC
Maersk Line has entered a 10-year vessel sharing agreement (VSA) with Mediterranean Shipping Company (MSC) on the Asia-Europe, Transatlantic and Transpacific trades. This comes after Chinese authorities rejected the proposed P3 Network last month. The VSA will be referred to as 2M and it differs
- COSCOL returns to profit
COSCO Shipping (COSCOL), the project cargo arm of China COSCO Group, has returned to profits of CNY11.4M ($1.9M) in the first half of 2014. Revenues fell 1.6% year-on-year to CNY3.6Bn during the period, a flash financial report of COSCOL stated today. Excluding on-off items, however, COSCL still
- Dawei port developer silent on holding company
Investors in Myanmar's Dawei port development have sidestepped a suggestion the mega-port project needs a holding company to spread the risk as the venture inches on. Dawei is currently being developed by the Myanmar and Thai governments who have established a special purpose vehicle (SPV) company
- Zhonggu Shipping gets financing for box ships
Shanghai Guojin Leasing and Shanghai-based Zhonggu Shipping Tuesday inked an agreement on financing two of Zhonggu Shipping's 2,500teu box ships. Zhonggu has placed orders for 10 2,500teu eco box ships at Zhoushan Wuzhou Shipbuilding & Repairing in September, 2013, which are scheduled to be
- ClassNK, Transas to collaborate on simulator standards
Japanese classification society ClassNK and Russia-based Transas Marine signed a memorandum of understanding on 8 July to jointly develop new standards, rules, procedures and guidelines related to classification of maritime simulators. New regulatory requirements will need fine-tuning of both
- Panamax rates pick up
Panamax bulker rates have finally found a floor as owners' decision to idle some ships created upward pressure on the freight market. As of yesterday, daily timecharter rates averaged $5,677, compared to $3,890 a week ago. Brokers told IHS Maritime that more coal exports from Indonesia to India,
|JULY 10, 2014|
- Savannah port pilots change course on restrictions
Ship pilots at the Port of Savannah, who said earlier this week that vessels wider than 142 feet must transit the Savannah River during flood tide, now say the ships may move at other times if they are assisted by two tractor tugs. The Savannah Pilots Association said it revised its rules...
- Tacoma wins back long-time Seattle customer
The Port of Tacoma sealed a new deal with with Washington-based carrier Westwood Shipping Lines for the line to move its Puget Sound port of call back to Tacoma. The announcement, reported by The News Tribune of Tacoma, Washington, means Westwood will return to the port after an absence of 31...
- Teamsters take their case to city of LA - and a shipper
The Teamsters union today promised to turn up the heat on trucking companies and marine terminals in Los Angeles-Long Beach harbor, although their efforts did not affect cargo-handling and gate operations in the nation's largest port complex. Justice for Port Truckers, which is affiliated with the Teamsters, continued to picket the...
- Taking Stock of "2M" [Infographic]
The world's two biggest container lines today announced plans to launch a 10-year vessel-sharing agreement, dubbed 2M, to cover more ports with direct services and improve efficiency through better utilization of vessel capacity and economies of scale. If approved by regulators, Maersk Line and Mediterranean Shipping Co. will deploy 185 vessels...
- Truckers criticize NY-NJ task force report
Two organizations representing New York-New Jersey port drayage companies are complaining that truckers' concerns got short shrift in an industry-side task force's recommendations of ways to make the port run more smoothly. The New Jersey Motor Truck Association and the Association of Bi-State Motor Carriers issued separate statements criticizing several of...
- Trucks get access to Chicago inland port shortcut through fall 2015
A shortcut to a major intermodal complex in the Chicago area should be accessible to truckers until at least the autumn of 2015 now that a trial concerning a repealed ban isn't expected until then. That's a major relief to trucking companies and the shippers they serve, many of them grain...
- Indian container volume rose in April-June quarter
The volume of containers shipped via major ports in India climbed nearly 4 percent year-over-year from April to June, the first quarter of fiscal year 2014-15, showing signs of a slight turnaround in global trade. Total volume at the country's 12 state-owned gateway hubs reached 1.94 million 20-foot-equivalent units, up from...
- Lower ship slot costs are pulling down rates, Drewry says
The unit cost advantage container carriers are gaining by operating mega-ships is having the effect of dragging down freight rates at a time when all but the top lines are struggling to remain profitable. Martin Dixon, Drewry's director and head of research products, said freight rate development is being driven by...
- Retailers expect continued growth in containerized imports
With West Coast longshore contract negotiations still underway, U.S. retailers expect to bring in record levels of merchandise this month to protect against supply chain disruptions, pushing up container import projections for the first half of the year. Import volume at major U.S. container ports is forecast to total 1.5 million...
- Lufthansa Cargo cuts capacity as volume slumps
Lufthansa Cargo is cutting freighter capacity in response to continued weakness in global cargo demand that saw its volume slump by 8 percent year-on-year in June with no signs of a pickup in sight. The German all-cargo airline carried 137,000 tons of freight in June, taking the first-half total to 807,000...
- Djibouti pulls DP World container terminal concession
Djibouti has annulled DP World's operating concession at the Doraleh Container Terminal and has begun arbitration proceedings over alleged corruption. The government of the Horn of Africa nation said it rescinded the agreement after an investigation indicated the deal signed with DP World unfairly favored the Dubai port operator. The government will...
- Chilean port workers strike disrupts container cargo
Port workers in Chile have been on strike since July 8, according to maritime service provider Inchcape Shipping Services. The strike, organized by Union Portuaria, is primarily disrupting container and dry cargoes at multiple ports, including Iquique, Tocopilla, Caldera, Huasco, San Antonio, Lirquen, San Vincente, Coronel and Puerto Montt, according to...
- Manila gives carriers 90 percent off to call elsewhere
The Philippine government will give vessels that call at the nearby port of Batangas a 90 percent discount on docking fees over weekends from August in a desperate bid to clear the country's chronically clogged terminals. The Philippine Ports Authority (PPA), the Bureau of Customs (BoC), the Department of Trade and...
- Maersk and MSC to attempt new east-west alliance
Maersk Line and Mediterranean Shipping Co. are planning a huge 10-year vessel-sharing agreement early next year in the Asia-Europe, trans-Pacific and trans-Atlantic trades as the carriers strive to better utilize capacity in the wake of their failed bid to launch the P3 Network. The VSA, if it's approved by regulators, will...
- North American freight volumes hit pre-recession high
Cass Freight Index through June 2014 Full-size image Five straight months of growth have pushed North American freight shipments to a height not seen since the beginning of the recession, according to the Cass Freight Index. Cass reported its volume index rose yet again in June, coming in at 1.2, which is 2.4...
|JULY 10, 2014|
- New kid on the block
A commercial lender headquartered in New York is mounting a campaign to break into the maritime shipping industry.
- Loan losses rise
DNB turned in a second-quarter profit Thursday but the gain was overshadowed by impairments and the lacklustre performance of its shipping portfolio.
- Chevron takes two
A leading US oil major appears to have hired a pair of suezmax tankers to transport crude from Russia to the Far East.
- Kerr-Dineen returns to Baltic board
The prospect of change at the Baltic Exchange has received a boost after shareholders backed its former chairman Peter Kerr-Dineen's bid for re-election to the board.
- Maersk Tankers unmasked
Maersk Tankers (Maersk) has emerged as the counterparty behind the recent sale of four VLCCs to Euronav in a transaction worth $342m.
- Triyards lands order
A Singaporean shipbuilding conglomerate has secured contracts to construct a pair of liftboats.
- All eyes on China
Chinese ship finance has "snowballed" in recent months as it supports its shipyard sector, according to Singapore lawyer Simon Spells.
- Chowgule ups profit
India's Chowgule Steamship has begun its financial year with a stronger showing despite lower revenue.
- SNCM blockade ending?
French unions have agreed to call off a strike at Corsican ferry company SNCM in a row over its future survival.
- One killed in clash
A Swedish fisherman has died after his boat was in collision with a Latvian general cargoship.
- Samsung books trio
Samsung Heavy Industries of Korea has announced an order for what appears to be three very expensive new tankers for an unnamed European owner.
- CMES heading for profit
China Merchants Energy Shipping (CMES) is expecting to return to profit for the first half of 2014.
- Gdansk threat fades?
The threat of bankruptcy hanging over Poland's Gdansk Shipyard looks to have receded.
- Ugland offloads barges
Norway's JJ Ugland has sold off two of its older barges.
- Nobu opposes merger
Nobu Su has said he objects to the proposed $1bn merger deal between Star Bulk Carriers Corp and Oceanbulk.
- After P3...2M
Maersk Line and MSC are teaming up on key trade routes through a vessel sharing agreement (VSA), less than a month after Chinese authorities killed their P3 Network alliance with CMA CGM.
- EOC swallows EMAS
Ezra Holdings is to inject its offshore support services division, EMAS Marine, into its Oslo-listed associated company EOC Ltd.
- CCL stays at New Orleans
Carnival Cruise Lines signed a new agreement with the Port of New Orleans that will see it continue to use the port until 2019.
- Maersk exits BWTS firm
AP Moller Maersk has sold its stake in ballast water treatment system (BWTS) company Desmi Ocean Guard.
- Genco reborn
One of the darkest chapters in the history of Genco Shipping & Trading appears to be drawing to a close.
|JULY 10, 2014|
- Striking drivers promise 'widespread chaos' at LA/Long Beach ports
"Long truck lines are expected at the ports ... as drivers and their allies picket Green Fleet Systems, Total Transportation Services, Inc., and Pacific 9 Transportation trucks," Justice for Port Truck Drivers said.
- ILWU, grain companies meet with federal mediators
The companies are seeking a contract with terms similar to those the ILWU signed with the new Export Grain Terminal that opened in Longview, Wash., in 2012.
- United's June cargo activity tops Big 3 domestic carriers
- U.S. steel exports dip in May
- Great Lakes rising... but not yet enough
U.S.-flag Great Lakes carriers are grateful for the increased water levels in the lakes, however it has not yet resulted in full loads of iron ore, coal, limestone, cement and other cargoes.
- Maersk, MSC enter 10-year VSA
The vessel-sharing agreement, called 2M, replaces all existing VSAs and slot purchase agreements that the two liner carriers had with each other in these trades. Maersk explained the 2M VSA differs from the earlier proposed P3 Alliance.
- Chassis Finder releases Android, iPhone apps
- Ex-Im Bank president touts U.S. exports in China
- Senate confirms Vetter as chief ag trade negotiator
|JULY 10, 2014|
- Avails tight in Fujairah
Suez: IFO prices unchanged.
- Prices continue softening in Rotterdam
Good demand in Hamburg.
- Maersk: ECA costs will be added to bunker surcharges
Customers could face paying an extra $150 per forty foot container.
- Oil firm in LNG ship supply deal
LNG bunkering to be available to Danish ferry in 2015, expansion eyed.
- UK port wants first mover status on LNG bunkering
Hires class society to develop operational guidelines.
- Fuel oil stocks fall in Singapore
Inventories at seven week low.
- Maersk and MSC in new bid to form alliance
Agreement could become operational early next year.
- Common ground sought on LNG bunkering guidelines
Class societies to survey emerging guidelines on LNG bunkering.
- Asian bunker prices slip further
Small losses seen in Thursday's trade.
- Fuel oil imports head to China's bunker sector
'Teapot' refineries continue to use asphalt as their preferred feedstock.
- Japanese tech firm targets Singapore, Myanmar markets
Company claims its systems can generate bunker savings.
- Caterpillar Marine Tier 4 engine enters market
Engine incorporates selective catalyst reduction technology.
- Ship operating efficiencies not universal, study finds
'High savings potential is still waiting to be unlocked,' says analyst.
- NewOcean Petroleum receives newbuild bunker tanker
NPC barging capacity to surpass 14,000 dwt.