|MARCH 12, 2014|
- OOIL posts 2013 earnings of US$47m on 1.5pc rise in box volumes
- ST Yangtze Phoenix lays off 1,848 staff as de-listing rumours mount
- APMT sees 3pc volume growth in 2013 with capacity boost
- Evergreen receives 4th of 30 L-type 8,500-TEU newbuildings
- OW Bunker achieves 37pc growth in 2013 earnings
- N Europe ports' box volume to rise by 4pc in 2014: Global Port Tracker report
- CaroTrans starts USWC LCL service to Central America
- Largest MRO hub in Lat Am is opened by Delta, local airline in Mexico
- Envirotainer builds cold chain opens 24th station in Europe at Liege
- Nearshoring lessens air freight demand, dampening effect of recovery
|MARCH 11, 2014|
- Asia-Europe freight rates at a low
- European Commission invites comments on prolonging exemption of liner shipping consortia from EU antitrust rules
- NBP concludes 15-year contract for new bulk carrier
- UASC achieves Top 3 position in INTTRA's 'Best Data Quality' ocean shipping information quality programme
- Dighi Port commissions longest quay length in Maharashtra
- HAROPA reaffirms its support to 'green calls'
- MPT has new Dy Chairman
- Mumbai Port designates pre-shipment storage facility for Hot Briquetted Iron cargo
- Port of Antwerp publishes procedures for LNG bunkering
- Visakhapatnam Port terminal gets maiden Capesize call
- India likely to fall short of FY14 export target
- INR moves narrowly against dollar
- Free market is not all that free
- KASEZ celebrates 50th Foundation Day
|MARCH 12, 2014|
- Serbian Railways and RZD ink pact
- Swiss WorldCargo and Createtalent pioneer concept
- Switzerland: more goods hauled by rail in 2013
- Automotive sector looking up
- DVSA reminds lorry drivers of driver CPC training deadline
- OOCL's profit plummets by over 80%
- Strong start for PACTL
- New top manager Militzer & Münch Germany
- Wim Bosman receives John Deere supplier award
- DHL Supply Chain welcomes new CEO
- Coal haulier Bis Industries expands truck fleet
- ICTSI pumps up net profit by 20%
- United unveils new maintenance hangar at EWR
- Alle Mann an Land
- BGL veteran dies
|MARCH 11, 2014|
- Elliott Bay Design Group gets AIP for LNG bunker barge
- Damen to build second DOC 8500 cable layer
- UECC orders LNG fueled PCTC duo for Baltic
- Sembawang Shipyard to revitalize Voyager
- Vard gets LOI for its largest ship yet
- Despite sluggish economy, LISNAVE repairs more ships in 2013
- Navy awards LCS contracts worth $1.3 billion
|MARCH 11, 2014|
- Hanjin Shipping announces plans to continue Port of Portland calls
- Port of Coos Bay seeking applicants for budget committee
- Hyundai Heavy Industries breaks ship naming record
- DOC's international trade report shows US exports up during January
- NYK bulk/projects company to build new salt delivery vessel
|MARCH 11, 2014|
- Do not dismiss heavy fuel oil says Lloyd's Register
Free to read: New study on future fuel-use trends expects shipping demand to grow
- Ukraine crisis could raise the risk of charterparty disputes
It is too early to see shipping as a sanctions target, says Watson Farley Williams
- Tanker owners slam the costs of complying with green legislation
Free to read: Burden of compliance could derail a shipping recovery, Finlay tells conference
- Asia-Europe volumes rise 8% in January
Trade carries the largest number of containers for a month since August
- Just three vessels reported sold in a quiet week for scrapping
Pakistan has lagged behind India on price but remains the go-to market for VLCCs
- Dry bulk spot market opportunities tempt Norden
Cash ready for newbuildings and more vessels are left open to tap market growth
- SFI enters post-panamax market with purchase of two ships
Risk-reward profile for low-investment vessels is attractive, says Hjertaker
- Obituary: Bob Crow
Chamber of Shipping and Nautilus pay tribute to RMT ratings leader who has died aged 52
- Feeder lines between US and Puerto Rico settle price-fixing charges
Claims against Sea Star Line and Horizon Line relate to US government cargoes
- Sinotrans Shipping reports a 79% drop in annual profit
UPDATE: Company tipped to lead the charge in consolidating group assets
- What's in a name?
NileDutch has made a success of West Africa and sees a bright future ahead despite current difficulties
- Sinopacific wins order for up to four 'designer' bulkers
Shandong commodity group Bohi Industry buys Crown MHI 82 eco ships
- Arctic offers opportunities and risks for shipping and offshore, says DNV GL
Ørbeck-Nilssen highlights first-mover advantage for those ready to get ahead now
- Data Hub: America Load Factors
Load factors on some of the main American trade lanes are set to improve this year, but is it enough to increase prices?
- Three robberies in the Malacca Straits could be linked to the same group
Recaap urges vigilance after one March attack succeeds, as Recaap urges vigilance
- NYK signs 15-year contract with Mexico for bulker built at Oshima
Panamax will haul salt cargoes to the US west coast
- NYK to charter 14,000 teu newbuildings
Japanese line is finalising a contract for 2016 delivery
- Euroseas nets $14.4m from private placement
Unnamed investor's cash injection will fund vessel orders and acquisitions
|MARCH 11, 2014|
- Box Ships axes dividend
NYSE-listed Box Ships has opted not to pay a dividend for its latest quarter as a result of concerns over waning time-charter rates
- Public owners tap private investors
Two NASDAQ-listed shipping companies, Euroseas and NewLead, have announced equity sales to private investors
- Congestion could hinder US box volume
Backups and delays at US ports triggered by severe weather and intermodal equipment shortages could hinder box flows, a US importer group has cautioned
- Jones Act carriers settle price-fixing suit
Sea Star Line and Horizon Lines have agreed to pay $1.9M and $1.5M, respectively to settle a civil lawsuit alleging price fixing
- Trojan wins approval for BWT suite
Trojan Technologies has secured Type Approval from the International Maritime Organization for its ballast water treatment (BWT) product suite
- MOL keen to grow presence in Myanmar
Japan's biggest shipping company, Mitsui OSK Lines, is keen to tap into Myanmar's economic development
- Sinopacific secures drybulkers
Sinopacific Shipbuilding Group said today it has signed a newbuilding contract with Shandong Bohi Industry to build two CROWN MHI 82 bulk carriers, with options for another two
- NYK seals 15-year bulker charter
Nippon Yusen Kaisha subsidiary NYK Bulk & Projects Carriers said today it has sealed a 15-year charter of a newly-built bulk carrier to transport salt for US-based Baja Bulk Carriers
- Otto Marine unit buys AHTS from Sinwa
A subsidiary of Singapore-based offshore vessel owner Otto Marine will purchase an anchor handling tug supply vessel from compatriot owner Sinwa
- Unithai expands operations to tap on offshore sector
Thai shipyard Unithai Shipyard and Engineering has expanded its operations to support the steady growth of the offshore sector
|MARCH 11, 2014|
- NY-NJ Truckers' Complaint: No Chassis
Congestion at New York-New Jersey port terminals has begun to ease with improved weather and the post-Chinese New Year lull in imports, but motor carriers say operations remain hampered by a shortage of chassis. Motor carriers say drivers waste hours waiting for chassis at equipment yards. "There'll be 40 guys in...
- Truck Tonnage, LTL Yield Rising at ODFL
Tonnage is growing by double digits for Old Dominion Freight Line, rising 11.7 percent year-over-year in February after climbing 10.1 percent in January. The increase in tons per day indicates the fifth-largest less-than-truckload carrier is gaining market share, David S. Congdon, ODFL president and CEO, said March 10. ODFL raised expectations for...
- Ship Finance International Buys More Container Ships
Ship Finance International today announced the acquisition of two 5,800-TEU post-Panamax container ships from a German KG fund just a week after the NYSE-listed company bought seven 4,100-TEU vessels from a German charter shipowner. Bermuda-based SFI said the two ships, which were built in 2001-2, will be delivered in the next...
- Seattle, Tacoma Ports Get FMC Blessing to Share Information
West Coast Container Market Share of the Ports of Seattle and Tacoma, 2011 to 2013 Full-size chart The ports of Seattle and Tacoma can each gather information on their operations, facilities and rates, and share the data with the other after the Federal Maritime Commission unanimously approved the discussion agreement last week. The...
- US Intermodal Rates Edge Up as Chicago Digs Out
Top 36 lane index, week of March 10, 2014 Full-size image An index of 36 major U.S. intermodal lanes edged up 0.1 percent from the week before to $2,080 in the week of March 10, the sixth straight weekly increase by roughly 1 percent or less, according to data on all-inclusive 53-foot...
- UASC Ups Competitive Pressure With Sixth 18,000-TEU Ship
United Arab Shipping Company's decision to exercise an option for a sixth 18,000-TEU vessel simultaneously highlighted the growing importance of size as ocean carriers seek to cut unit costs and increased the pressure on rivals to scale up to mega ships. This week's announcement by the Dubai-based carrier has boosted the...
- Global Ship Lease Relaunches $400 Million Note Issue
Global Ship Lease yesterday announced it is relaunching its offer of $400 million of first priority secured notes in a private placement which the NYSE-listed container ship charter owner pulled in December. The London-headquartered company will use its 17 vessels, all on charter to French ocean carrier CMA CGM, to guarantee...
- Truck Drivers Go On Strike in Vancouver
Truck drivers at Port Metro Vancouver on March 10 picketed the Pacific Coast port to protest extensive delays at marine terminals that the truckers say are making their economic situation intolerable. The port authority said only 10 percent of the normal truck traffic was getting into and out of the marine...
|MARCH 11, 2014|
- Tanker breaks blockade
A North Korean tanker carrying crude from a rebel-held oil terminal in eastern Libya appears to have broken through a naval blockade.
- TMT readies sale
Bankrupt Taiwanese shipowner Today Makes Tomorrow (TMT) is gearing up for a campaign to offload one of its panamax bulkers.
- Uljanik scoops another
Croatian shipyard Uljanik has announced a deal to build a dredger for Jan De Nul.
- SITC stronger
Hong Kong-listed boxship owner SITC has posted a bigger profit for 2013 as revenue increased.
- Bulker pay-out for SFL
Ship Finance International (SFL) will make a profit of $25m after settling a row over charter terminations.
- Euroseas builds war chest
Greek owner Euroseas has another lump sum to pursue ship sales after its latest share sale.
- Sembcorp clinches cruise deal
Sembcorp Marine's Sembawang Shipyard has won a contract to upgrade a Royal Caribbean cruiseship.
- Hanjin raising more money
Korea's Hanjin Shipping has boosted its bank balance further through a bond sale.
- JES wins again
JES International Holdings has announced another bulker order, bringing its recent contract gains to $692m if all options are declared.
- King John's cape crusade
John Fredriksen has been crowned the new capesize king of Wall Street after a deal which saw Knightsbridge Tankers anointed the high yield cape vehicle for Frontline 2012.
- RMT chief Bob Crow dies
The UK Chamber of Shipping has paid tribute to union leader Bob Crow, who died on Tuesday.
- PGS fixes $305m loan
Norway's Petroleum Geo-Services (PGS) has finalised two loans worth a combined $305m for its last two seismic survey newbuildings at Mitsubishi in Japan.
- Vard lands its biggest ship
Fincantieri-owned Vard Holdings has announced an order for its biggest-ever newbuilding.
- Norden builds orderbook
Norden has taken its newbuilding investment programme past the $1bn mark following its latest visit to a Japanese shipyard.
- Another two for SFL
New York-listed Ship Finance International (SFL) has bought another two boxships backed by long-term charters.
- Norden aims for more
Norden is looking for a rise in profitability during the coming year after it posted a smaller but unsatisfactory loss in 2013.
- Hanjin selling Algeciras
Hanjin Shipping has selected a preferred bidder to take over its terminal in Algeciras, Spain.
- AdvanFort crew stays put
An Indian magistrate has extended the custody of 35 crew and guards on a ship operated by US security firm AdvanFort in a row over weapons on board.
- Korean tanker seized
Libyan forces have seized a North Korean tanker that loaded crude in a rebel-controlled port.
- NYK in salt shipment deal
NYK has secured a fifteen year charter to ship salt from Mexico to the US, the Japanese shipowner revealed Tuesday.
- Greek tanker arrested
Singapore's admiralty sheriff has arrested a Greek-owned chemical tanker latest court documents show.
- Sinotrans suffers in FY2013
China's Sinotrans Shipping has seen full-year profit plunge nearly 80% in financial figures released late last night.
- Focus turns to salvage
Greek authorities have turned their attention to preventing a grounded containership creating an environmental disaster.
- Trio hit off Singapore
Three vessels have been targeted by what is suspected to be the same gang of robbers in less than a week off Singapore.
|MARCH 11, 2014|
- FAA to appeal drone ruling
The ruling, which found that the FAA doesn't have jurisdiction because the unmanned aerial vehicle didn't fit the "aircraft" classification, could have implications for the regulation of commercial drone use.
- FMC: Seattle-Tacoma port agreement in effect
The Federal Maritime Commission "unanimously voted to effectively allow the Ports of Seattle and Tacoma to move forward on a cooperative agreement to exchange information and work together to find synergies," Commissioner William Doyle said.
- Chiquita, Fyffes merger means impact for breakbulk reefer
The announcement Monday that two big fruit companies -- Chiquita and Fyffes -- plan to merge also means that two of the top 10 operators of conventional breakbulk reefer ships will combine.
- Old Dominion expects Q1 tonnage, revenue to surpass predictions
- JaxPort launches design phase for intermodal facility
- Union strike disrupts Vancouver port
- U.S. Bank, Nexus partner on paperless invoice-payment options
- Hanjin to stay at Port of Portland
- Global Terminal upgrades system
- Steel exports in January behind 2013's pace
U.S. steel exports were 963,060 tons in January, up 10.5 percent from December 2013, but 10.6 percent lower than in January 2013, according to U.S. government data.
- TNT Express to sell Dutch fashion segment
- Washington Notebook: Ukraine unrest impacts trade
- USDA expands storage loan program
|MARCH 11, 2014|
- Bunker vessels 'upgraded' ahead of new regulations
Turkey wants its bunker fleet to conform to IMO and EU regulations.
- Cruise line books loss
But sees savings on fuel costs.
- Fujairah delivery schedules 'tight'
Prices in Middle East and Africa show little movement.
- Price trends lack direction
But Rotterdam market firms.
- Chinese order for 'eco' ships
Both owner and yard based in China.
- Demand for seaborne trade 'continues to increase'
New orders: 'The necessity to address bunker consumption has been a real driver.'
- Suppliers see rise in quality and quantity claims
But WFS and Cockett see smaller numbers of registered off-spec claims than reported by fuel testing agencies.
- West African piracy 'damaging Nigerian oil sector'
'A large share of the recent piracy attacks targeted vessels carrying petroleum products.'
- Classification society to release report on LNG bunkering
ABS has been looking at regulatory issues in North America.
- Asian IFO prices trading flat
Narrow-range trading seen this Tuesday.
- 'Eco-ship' shuttle bulker secures charter
Vessel will be built in a Japanese shipyard and delivered in August 2014.
- Singapore: Attempts to rob three ships
Believed to be work of same gang.
- Troubled box shipping giant slash losses
High bunker costs help keep South Korean firm in the red.
- Bunker storage terminal owner makes annual loss
Firm bought four storage terminals in December 2013 for $60 million.
- Phillipines: Poor bunkering facilities blamed for high shipping costs
'Underdeveloped' port layout linked to high domestic shipping costs.
- Cruise ship software promises to save on fuel
RINA adds own product to growing list of fuel-saving software.
- First Atlantic Canada port to begin shore power services
Installation work due to complete ahead of this year's cruise season.