|SEPTEMBER 12, 2014|
- Asian port congestion worst in decades, slot swapping blamed by MCC chief
- CMA CGM presents 'unique' east-west network to the world - and the FMC
- Abidjan clears suspect Ebola ships offshore before allowing them in port
- Maersk Line revamps West Africa port coverage to cope with Ebola outbreak
- EU Chamber joins US Chamber to protest China's anti-foreign probes
- 'K' Line doubles orders to ten 14,000-TEUers to boost slot cost efficiency
- Unifeeder adds low-sulphur fuel surcharge of US$84 per laden TEU
- Seaspan signs charters out four 10,000-TEU ships with leading box line
- Rickmers-Linie readies low sulphur surcharge ahead of New Year's mandate
- Port refinancing to surge over year before Fed raises interest rates
- Cargotec's Kalmar to deliver 7 RTGs to Chile at a cost of US$14 million
- Chinese August import volumes declines 2.4pc, but exports increase 9.4pc
- Duisport aims for three million TEU to become world's biggest inland box port
- UAL cargo revenue surges 25pc in August and increases 11pc year to date
- Turkish Cargo flies freighters in Hyderabad, to up frequency to twice weekly
- Emirates expands Scandinavian reach flying salmon daily non-stop from Oslo
- FedEx, UPS, Alaska Air win US Defence Department express contracts
|SEPTEMBER 11, 2014|
- CFSAI completes 10 years
- DNV GL presents HHI & UASC with AIP for 'LNG Ready' mega boxships
- MoS issues key guidelines to promote coastal shipping
- MSC may overtake Maersk in capacity by 2016, predict analysts
- Need conducive policy framework & institutional support systems for domestic shipbuilding: Exim Bank study
- CCEA approves new liquid bulk terminal at JN Port
- Port of Amsterdam seeks greater partnership with Indian trade
- RAS Infraport handles first steel slabs cargo at Kandla Port
- AP to develop infra with help from Singapore
- Customs cannot assess value of imported goods at a rate higher than declared by importer: SC
- The spotlight will be on excellence in maritime & logistics
|SEPTEMBER 12, 2014|
- US freight line awarded grant to upgrade NECR
- Röhlig celebrates 25 years in New Zealand
- Accolades for Rickmers ship management team
- More freight trains whispering in Europe
- EUR 11.9 billion to improve infrastructure within EU
- Korean returning to Tel Aviv
- New EU commissioner for transport
- Indian Railways sees upsurge in freight volumes
- A hefty fine for MAC
- Geodis opens new depot in Nancy
- ICS emphasises need to consider new environmental rules
- Bongiwe Pityi new GM for Airports Company South Africa hub
- IRU promotes UN road transport agreements
- Train taking to the water
- First North American B787-9 handed to United
- Andreas Otto to be new CCO of Austrian Airlines
- CMA CGM reveals Ocean Three network
- Martinair Cargo bleibt erhalten
|SEPTEMBER 11, 2014|
- Remembering maritime heroes on 9/11
- September 11, 2014 Vard Marine awarded US Patent for Dual Fuel Vessel
- September 11, 2014 MaK engines to power South African tugs
- HHI using automatic spray head for bottom painting
- Future short sea ships: battery powered and unmanned?
- Croatian shipyard wins U.S.Navy repair contract
- Second JonRie equipped tug delivered to Hyak
- Eastern delivers fourth Bravante PSV
|SEPTEMBER 11, 2014|
- Portland Development Commission nets funds for promoting exports
- "K" Line adding five more ultra large container vessels
- Crowley subsidiary receives license to supply LNG to NTFA countries
- Freight Transportation Services Index increases during month of July
- Alikhanov resigns position as president of FESCO
|SEPTEMBER 11, 2014|
- Brussels says Oui to Hapag-Lloyd merger with CSAV
The two carriers become the world's fourth-largest container player
- Egyptian tanker achieves one of the year's highest rates for naphtha voyage
Vessel will haul 75,000 tonnes of Middle Eastern naphtha to Japan on September 15
- Delhi demands lead to uncertainty as Indian LNG tender deadline looms
Owners are 'reluctant' to build three of Gail's nine vessels in India
- Empros orders two ultramaxes at Imabari
Conventional liner operator adds to dry bulk wing
- More land-based crude storage will free-up Iran's tankers
But expanding Kharg Island may weaken the VLCC freight market
- Low-sulphur regulations will push up bunker costs, warns Ulrichs
Rickmers-Linie plans fuel surcharge to cover emission-control area ports
- No deal - DSME and Excelerate Energy end $2bn FSRU talks
South Korean shipbuilder takes yet another hit as it seeks to expand its offshore orders
- Franbo Lines to launch $4m IPO in Taiwan
Kaohsiung-based handysize specialist seeks to expand fleet
- SMM 2014: performance retrofits cut ER Schiffahrt fuel bill by $400m
A $30m investment in boxships creates a 15% fuel-saving and pay-back within eight months
- Slovak diplomat Sefcovic named as transport commissioner
Politician from a landlocked country replaces Kallas at revamped directorate
- HHI picks up more LNG tanker orders
Petronas exercises one option while Hyproc is finalising deal for up to three ships
- Los Angeles and Long Beach trial a drive to speed up trucks
Free-Flow tackles congestion, air quality and security as larger vessels loom
- JT Cement books the world's first dual-fuel bulker
North European joint venture builds a coastal carrier whose engine can use LNG
- Commercial excellence seen as future battleground for box lines
Lines need to develop a deeper understanding of customers' businesses, Asia conference told
- Revenue management seen as key to improving liner profitability
Shipping lines urged to better understand implications of every box move across the network
- Bromma branches out to Singapore
Swedish firm looking to Asian market for future growth
- Firms that order counter-cyclically gain a competitive advantage
Private and state-backed players can move more strategically than their listed rivals
- Overcapacity makes banks cautious about box lines' earning prospects
Recovery will begin in late 2016, when newbuilding deliveries slow, says DVB
- Global politics likely to rule out single antitrust regulator for shipping
Will 2M and P3 be considered to be "in the same boat" by the Chinese regulator?
- Anek ferry sent to house Libyan legislators
Elyros anchored in Tobruk on 40-day charter
- Yard Talk | Korean majors seek to address offshore woes
HHI and SHI make moves after recent lacklustre performances
- Maersk hits the spot
Pricing shift by Danish line hailed as 'brave and heroic' step
|SEPTEMBER 11, 2014|
- Car carriers increase calls at Hambantota Port
Car carriers are increasingly using Hambantota Port in southern Sri Lanka for vehicle transshipment with the number of ship calls more than doubling to 161 in the nine months to September 2014 from last year. The number of vehicles handled, most from Indian, Japanese, and South Korean manufacturers,
- Bids invited for €11.9Bn EU transport offering
The European Commission has invited member states to present the port and other transport infrastructure projects they want to put into a competition for a first tranche of European Union transport funding totalling €11.9Bn ($15.4Bn). Member states have been given until 26 February 2015 to
- Cuxport backs new wind farm technology
Together with Dutch company Ballast Nedam Offshore, terminal operator Cuxport has developed an alternative technique to transport and install monopiles at the Amrumbank West wind farm. Based at Germany's North Sea port of Cuxhaven, Cuxport's multifunctional terminal handles the monopiles, which are
- Nodosa wins Canlemar TSHD order
Spanish shipbuilder Nodosa has won an order for a trailing suction hopper dredger (TSHD) from returning compatriot shipowner Canlemar. The TSHD will have an overall length of 61.58m, beam of 12.5m, depth of 4.5m and is scheduled for delivery in September 2015. It will be Spanish flagged, classed by
- Short-term outlook weak in VLCCs, brighter skies ahead
A high number of VLCCs looking for a charter in the Gulf is depressing spot freight rates in the short term, but contango and seasonal demand increase paint a brighter picture a few months ahead, shipping analysts say. "Earnings for VLCCs trading in the AG/East trade took another hit yesterday.
- LNG exporters approved in US
Cameron LNG and Carib Energy received final approval to export US-sourced LNG to non-Free Trade Agreement (FTA) countries. The US Department of Energy's (DoE) 10 September authorisation allows Cameron to export up to 1.7Bn cubic feet of LNG per day for 20 years (roughly 12M tonnes/year) to non-FTA
- CKYHE alliance to have almost 90 big box ships
The CKYHE alliance comprising COSCO, 'K' Line, Yang Ming, Hanjin Shipping, and Evergreen Marine Corp could have 89 very large container ships after 'K' Line placed orders for another five 14,000teu ships on Tuesday. IHS Maritime's Sea-web data shows COSCO now controls 24 VLCS while 'K' Line has 10
- St Peter Line foresees life after sanctions
Sergei Kotenev, chief executive officer of Russian ferry company St Peter Line (SPL), admits that passenger numbers are down by 10% this year. He cites economic reasons and the Sochi Olympics for the reduction, when for two months both SPL ships were chartered as floatels. "The company is doing well
- IMB PRC concern over pirate hijackings
Anti-piracy watchdog, International Maritime Bureau Piracy Reporting Centre (IMB PRC) has expressed concern over a new rising trend of pirate attacks in Southeast Asia with cases of hijackings of small coastal tankers carrying oil and diesel. "The recent increase in the number of successful
- Ezion still best choice for offshore marine
Singapore-listed offshore services providers, Ezion Holdings, remain the top pick in the offshore and marine market, according to Lee Yue Jer, offshore and marine analyst from DMG & Partners. He sets a target price of SGD2.50 ($1.97) per share, while the company's stocks currently traded around
- Daishin recommends Korean shipbuilding stocks
Investors should consider buying Korean shipbuilder stocks only after confirming stronger recovery signals in late October, said Daishin Securities in a research note. Daishin Securities commented that the recovery in orders remains weak and that only after the shipbuilders release 3Q14 results
- HHI develops automatic painting spray head
Hyundai HI (HHI) has unveiled the world's first automatic spray head for painting the bottom parts of ships. The automatic painting spray enables the paint to spread evenly across the surface, saving 20% of the paint used compared with the manual method where painters have to bend their necks
- CMES inks deal with Jotun
China Merchant Energy Shipping (CMES) announced yesterday the inking of new contracts with Jotun Hull Performance Solution (HPS) to upgrade the antifouling solution on its VLCC newbuildings on order with Dalian Shipbuilding Industry (DSIC). "We actively respond to the call of energy saving and
- Bulker deliveries hit eight-month low
Just 27 bulkers were delivered in August, marking an eight-month low. Deliveries have not been so low since December 2013, when 33 bulkers were delivered, according to IHS Maritime's Sea-web data. The data shows that in August, three Capesizes, 10 Panamaxes, four Supramaxes, one Handymax and nine
- DSME loses contract for eight FSRUs
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering confirmed to IHS Maritime today that a contract to build up to eight floating storage and regasification units (FSRU) for US-based LNG transporter Excelerate Energy has fallen through. DSME, South Korea's third biggest shipbuilder,
- Sembcorp Marine invests in steel fabrication
Singapore-listed offshore services provider, Sembcorp Marine, will invest SGD222M ($175.6M) in a multi-functional steel fabrication facility. Sembcorp Marine says this will enhance automation and productivity at its offshore rig building, conversion and production and shiprepair businesses. The new
|SEPTEMBER 11, 2014|
- Nicaragua Canal construction to begin in December
Construction on the controversial Nicaragua Canal will begin in December, a member of the Nicaragua Grand Canal Commission has confirmed. The Hong-Kong-based HKND Group will start construction on two ports associated with the canal as early as December, commission member Telemaco Talavera said. The confirmation affirms speculation that the massive project...
- Carriers that stuck with the Panama Canal to receive toll discounts
Shipping lines that have maintained their all-water Panama Canal services rather than diverting their business to the Suez Canal can look forward to receiving discounts when the third set of locks opens in Panama in early 2016. Jorge Quijano, administrator of the Panama Canal Authority, told the South Carolina International Trade...
- Labor uncertainty cuts into West Coast volumes
Ports on the U.S. East and Gulf coasts and in British Columbia continue to benefit from unsettled longshore labor negotiations on the U.S. West Coast. Logistics managers have been whipsawed by this year's protracted contract bargaining between the International Longshore and Warehouse Union and the Pacific Maritime Association, and by congestion...
- The new supply chain paradigm
Omnichannel, driven by e-commerce, is the dynamic new business model to sell across channels for both business-to-business and business-to-consumer markets. Even more, it has created a new supply chain paradigm. It is strategic, competitive and a disrupter to traditional selling. Omnicommerce has redefined and expanded markets and customers. Its value applies...
- Manila port congestion could last into 2015, officials say
Congestion at the Port of Manila could last well into the first quarter of 2015, Philippine officials say, despite measures made to help clear the cargo clogging the port. Trade Secretary Gregory Domingo, during a budget hearing, said the public should expect more traffic and continued holdups at the Port of...
- New LA-LB terminal gate program could reduce truck turn times
PierPass Inc. is launching a program in Los Angeles-Long Beach that could lower truck turn times for large importers to as little as 11 minutes, compared to the 45 to 60 minutes it generally takes now when terminals are operating efficiently. The concept behind Free-Flow, as the program is called, is...
- Shippers, carriers say challenges will be overcome
Shippers and carriers are confident they will overcome the problems that plague their industry such as port congestion, equipment shortages and complexity in logistics caused by carrier alliances, but they are not there yet. "The industry is going through a lot of change," George Goldman, APL's head of commercial for the...
- Fatal U.K. accident, long jail term spotlight truck driver fatigue
A British truck driver who killed two cyclists in a fatigue-related accident last year and then crashed into another truck weeks later will spend more than eight years in prison. The case and the severity of the sentence underscores international concern about truck driver fatigue and the enforcement of daily work...
- EU approves merger of Hapag-Lloyd, CSAV
EU antitrust authorities on Thursday gave Hapag-Lloyd the approval it needed for a merger with Chilean carrier CSAV. The approval clears the way for Hapag-Lloyd to become a stronger presence in the north-south trade between Europe and North America in the north and Latin America in the south. "The north-south trades will...
- BNSF to end Fresno-Chicago intermodal services
BNSF Railway will end its weekly intermodal services between Fresno, California, and Chicago, in early December, citing a need to consolidate its services to "provide more consistent and frequent" service for California Central Valley shippers. The services - offered five days a week to Chicago and four days a week for trains...
- Hub expects higher costs from switch to company drivers
Hub Group said it expects its costs to rise at least temporarily with the company's conversion of its 350 California drayage drivers to company employees in order to settle litigation alleging they were misclassified as independent contractors. In a Securities and Exchange Commission filing, Hub said it expects to pay up...
- Kremlin OKs Russian Railways' Europe-Asia deal with Belarus, Kazakhstan
The Kremlin has approved Russian Railways' financial contribution to an intermodal joint venture with the state railroads of neighboring Belarus and Kazakhstan that is targeting a major share of the growing overland container traffic between Europe and China. Russian Railways will transfer 50 percent, plus two shares in JSC Transcontainer, Russia's...
- FMC chairman aims to ease port congestion
The chairman of the Federal Maritime Commission is on a mission to help ports address their congestion problem, which seems to be getting worse. "Terminal efficiency and port productivity - this is the discussion of the day," Mario Cordero told the South Carolina International Trade Conference this week. The commission's game plan...
- Fixing capacity through alliances?
The future of the liner shipping industry took another step toward clarity with the Sept. 9 announcement of the formation of the Ocean Three, or O3, Alliance. The grouping will unite three carriers that until now had been unaffiliated with a major east-west alliance: CMA CGM, United Arab Shipping Co....
- Retailers sign for DC space as China business grows
China's logistics property investment is continuing at a rapid pace as retailers sign leases for specialized distribution centers to support their mainland expansion plans. Robust demand for retail and e-commerce logistics is providing warehouse property developers with a constant stream of business in both tier one cities along the coast and...
|SEPTEMBER 11, 2014|
- EU approves merger
EU regulators have approved the deal to integrate the liner division of Compania Sud Americana de Vapores (CSAV) into Germany's Hapag Lloyd.
- V.Ships' Danish debut
V.Ships has unveiled plans to open a new office in Copenhagen after hiring a Navig8 executive.
- Navig8 links with ST Shipping
Navig8 has entered into a commercial management joint venture with Glencore's ST Shipping in a bid to boost its presence in the aframax sector, market sources said this week.
- Rem back to bonds
Rem Offshore has raised NOK 500m ($78.7m) from its return to the bond market.
- NewLead out of Nasdaq
NewLead Holdings is finally set to exit the Nasdaq Stock Exchange after numerous efforts to retain its public status ultimately failed.
- SALT's baby bond grows
Scorpio Bulkers is set to pocket more money than it initially expected from its baby bond issue.
- Solstad trio taken
Solstad Offshore has secured employment for its three open platform supply vessels (PSVs).
- Turkish bulker refloated
A Turkish bulker that ran aground in the Aegean Sea last week has been successfully refloated, the Greek coastguard said on Thursday.
- Rongsheng firms oil deal
Debt-ridden China Rongsheng Heavy Industries has continued its effort to diversifying away of shipbuilding by completing its entry into the energy sector.
- Towage snag for Pac Basin
Pacific Basin Shipping has seen a customer of its towage business enter administration owing close to $9m.
- DHT to take flight
DNB Markets has high hopes for DHT's share price and profitability after the owner completed the purchase of the Samco VLCC fleet.
- Boa keeps Polar Queen
Boa Marine Services has extended a charter agreement for one of GC Rieber's construction support vessels.
- Wager on wind
The future of offshore shipping is wind power, delegates at SMM in Hamburg were told on Thursday.
- Mind the gap
Big players and consolidation are now needed if the offshore wind sector is not to be saddled with "multi-useless" ships, according to one industry player.
- See you in court
Iraq and Marine Management Services (MMS) will go head-to-head in court in January in a $300m dispute over alleged Kurdistan crude exports, unless a settlement is achieved.
- Duo in at Hoegh Partners
Two major investors have emerged as backers of Wall Street newcomer Hoegh LNG Partners.
- Barclays boosts OOIL bets
Cost cuts and the arrival of large eco newbuildings have led Barclays Capital to lift earnings expectations for Hong Kong-listed boxship owner OOIL.
- Winland bulker arrested
Winland Shipping has seen one of its bulkers arrested by Singapore's admiralty sheriff, latest court documents show.
- MSC's jumbo job
Fincantieri has inserted a new mid-body section in the first of four MSC Cruises ships being 'jumboised' at the Italian shipbuilder.
|SEPTEMBER 11, 2014|
- NEWS FLASH: EU rules on merger of Hapag-Lloyd, CSAV container businesses
The transaction will make Hapag-Lloyd the fourth largest container shipping company in the world, with some 200 vessels, an annual transport volume of 7.5 million TEUs, and a combined turnover of about 9 billion euros ($11.6 billion).
- Ex-Im Bank to get 9-month extension
The federal government's export credit agency appears to have gotten a lifeline with news out of Washington that House Speaker John Boehner has enough Republican support to pass a measure to temporarily extend its authority through June.
- Executive moves
- U.S.-flag shipping is a tale of two sectors
Members of the House subcommittee on Coast Guard and maritime transportation heard two very different assessments from different segments of U.S.-flag shipping on Tuesday during a hearing to explore the status of the U.S. Merchant Marine.
- L.A./Long Beach terminals seek to speed cargo
- FMC announces another port congestion forum
Agency will hold a third public meeting in New Orleans on Nov. 3 to gather information from Gulf region port operators and users about gate congestion that is harming the short-haul trucking sector and delaying delivery of goods to businesses.
- TPP continues taking shape
Members of the Trans-Pacific Partnership finished 10 days of meetings Wednesday in Hanoi, making what they claim to be "important progress across a range of issues" as they work toward concluding the comprehensive agreement.
- Commerce funds assist U.S. export promotion
|SEPTEMBER 11, 2014|
- ICS pleads with IMO member states to consider shipowners' concerns
Wants MEPC 67 to 'address some very important issues' to avoid confusion and market distortion.
- Fuel oil stocks up week-on-week
'Fuel oil arrivals into Asia to pick up next month.'
- Bunker prices falling in European hubs
MGO at Rotterdam was down by $13 per metric tonne.
- Fujairah market turns soft
Tight barge availability in Fujairah.
- Sweden wants to punish sulphur cheats
Aims to have financial penalty system in place by 2015.
- Asian bunker market weakens
Double-digit fall seen with Busan MGO prices.
- ExxonMobil unveils marine lube for low sulphur bunkers
The Mobilgard 525 has been developed in 'close collaboration' with engine manufacturers.
- New propulsion concept set for market entry
Design suited for LNG carriers.
- LNG no longer a 'niche' fuel
Wartsila says it is 'no surprise' that newbuild bulk carrier adopts dual-fuel technology.
- Gazprom to supply lubes to icebreaker fleet
Russian icebreaker fleet is 'world's largest'.
- Sulphur reduction initiatives on the way in China
Shenzhen to introduce similar fuel switching scheme to Hong Kong, and central government may support regional ECA.
- Spanish shipbuilder ready for LNG bunker tanker orders
Receives outfitter's approval from GTT.
- Rolls-Royce introduces new line of marine engines
Designs include versions fuelled by diesel and gas.
- Brightoil expands drilling operations
Starts new drill site at Tuzi gas field.
- Volatile IFO prices on the Panama Canal
Average demand reported at the Central American port.