|MARCH 13, 2014|
- Hubei's Jingzhou port's 2013 box volume hits 100,000 TEU
- Asia-Europe rate below $1,000/TEU break-even point on Shanghai index
- Ships to navigate with caution in Hong Kong as dolphin survey is conducted
- Xinjiang Kashi Prefecture's vehicle imports up 25pc to 111 units
- SDV is QEP accredited for Envirotainer pharmaceutical shipments
- NZ's Port Nelson records steady growth with wide cargo mix
- Ukraine crisis threatens 3.5 million tons of corn exports: USGC
- Charleston harbour deepening again wins federal funding in Obama's budget
- Etihad Airways increase bellyhold on daily flights to Chengdu
- Qatar Airways launches first regular cargo service London's Stansted to Doha
- Lufthansa Cargo starts Frankfurt to Milan via Cairo service
|MARCH 12, 2014|
- Anup Nair appointed Director Projects with DB Schenker in India
- BTL's 2014 Golf Tour tees off in Aamby Valley
- Bureau Veritas to class largest gas-fuelled ro-pax fleet
- India seeks opening of direct water routes connecting Bangladesh
- Moore Stephens urges changes to UK tonnage tax vessel written-down values
- Exports of SCV tyres surge in Apr.-Sept. 2013-14
- India imports urea worth $ 1.92 bn in April-Jan.
- Iron ore exports drop 19 pc in April-Feb.
- Poland seeks to boost trade & investment ties with India
- Bidders respond to Vizhinjam port tender
- JNPT bags 'Sea Port of the Year for Containerised Cargo - Northern India' recognition at Northern India Multimodal Logistics Awards 2014 in New Delhi
- Khalifa Port expands capacity, welcomes three largest & modern quay cranes
- V. Upendran-led nacfs Executive Committee members visit Sri Lankan ports
- InterRail connecting Europe & China
- CBEC denies holding any Customs, Excise Duty & Service Tax Refunds/Drawbacks
- India & ADB sign $ 300-m loan agreement for roads in Chhattisgarh
- INR turns weak against US currency
- NTPC receives clearance for INR 15K cr. project
- Mumbai may get new coastal police set-up
|MARCH 13, 2014|
- Direct train Euromax Terminal Rotterdam-DeCeTe Duisburg
- Iata calls for transit time reduction of up to 48 hours
- BLS Cargo: first trip with last mile locomotive
- LH Cargo: Peter Gerber to replace Karl Ulrich Garnadt
- DP DHL's profits within targeted corridor
- Ports of Antwerp and Rotterdam want stricter emission...
- Pennsylvania cooperates with CSX
- FAA grants Azerbaijan category 1 rating
- Milsped posts massive income increase
- Ecu-Line aids Philippines' relief efforts after typhoon
- Kenco president and CEO is named
- 77 new HGVs for Metro Logistics Germany
- Swissport reports 11% revenue growth
|MARCH 12, 2014|
- Port Angeles Port Commissioners name O'Hollaren executive director
- Evergreen Line pulling ships from vessel sharing agreement
- Coast Guard teams with CBP to nab marijuana smuggling vessel
- Port of Everett staff member earns public records certification
- State of Washington sees gains in aerospace industry during 2013
|MARCH 12, 2014|
- Diamond S pulls IPO and market applauds
US investors view Wilbur Ross move as indicator of product tanker investor saturation
- FMC fines Rickmers Linie $190,000 in compromise settlement
German shipowner voluntarily admitted antitrust violations
- Ukraine uncertainty generates freight rate risk
Local shipping law firm highlights possible political fallout
- OSG's plan still up for debate as equity holders look for more value
Company would cut $1.2bn if plan is approved
- Owners encouraged to order more specialist chemical tankers
Divergent views at London conference over vessel ordering
- Rotterdam and Antwerp call for NOx-reduction plans from 2016
Ports urge IMO member states not to delay implementing emission rules for shipping
- Shipowners ask ports to support Trident Alliance to enforce SOx rules
Initiative seeks backing for responsible rule compliance as 2015 sulphur deadline looms
- Varun has multiple ships arrested against unpaid debt
Free to read: Gulf Oil says Indian company owes hundreds of thousands of dollars for lube
- Box Ships skips dividend as containership charter rates plunge
But board remains 'committed' to payout policy and will re-evaluate it regularly
- Avance Gas plans Oslo IPO in April
Stolt-Nielsen, Sungas and Frontline 2012 could sell their shares to boost liquidity
- Li clarifies Sinotrans & CSC restructuring plans
State-owned giant will put its shipping businesses into a Shanghai holding company
- ClassNK will complete MOL Comfort probe by end-August
Free to read: Japan class society leads the second phase of investigation into casualty off Yemen
- US east coast ports face challenges as larger ships enter transatlantic trades
P3 and expanded G6 will expose container terminals' dredging and handling flaws
- Timing is everything
Two new state-of-the-art terminals will open for business in Rotterdam later this year, but is now the best time to add capacity?
- Data Hub: World Fleet Update
Some pain, some gain as total capacity rises and more panamax scrapping is expected
- Nordic Shipholding reports $9m loss excluding one-off gains
Restructuring completed in December has reduced debt by $72.1m
- SITC reports a 44% increase in annual net profit
Growing regional demand boosts intra-Asia specialist's results
- Finland reveals further state aid for its shipowners
Move underscores new maritime strategy to 2022 and supports 'greening' of fleets
- Cost burden will drive more owners to defy emission-control area rules
Half of all tonnage may not comply, given low fines, weak enforcement and soaring fuel bills
|MARCH 12, 2014|
- FMC approves Seattle-Tacoma port pact
US regulators have agreed to let the ports of Seattle and Tacoma share rate and operations information to help them both regain market share amid increasing competition for container business
- ECSA appeals for reason on CO² emissions
European shipowners body ECSA has appealed to European Union legislators not to extend the scope of the European Commission's proposed regulation on the monitoring, reporting and verification of carbon dioxide emissions from ships
- EU port services legislation fails for third time
The European Union's proposed port services regulation has failed to gain approval in time for it to be adopted before the European elections in May
- GSL prices upsized bond offering
NYSE-listed Global Ship Lease, which charters container ships to CMA CGM, has priced a bond offering that will allow it to refinance all of its bank debt
- DS Norden rewrites strategy
DS Norden has rewritten its strategy after a marked reduction in losses last year, the company said in a statement
- Avance Gas plans Oslo IPO
LPG carrier company Avance Gas Holding said it plans an initial public offering (IPO) on the Oslo Stock Exchange
- COSCON and CSCL need to merge
China Shipping Container Lines and COSCON (COSCO container lines) must merge their container operations if they want to achieve the maximum cost-savings they need to improve their financial performances, says leading liner trades analyst Alphaliner
- Sinopacific launches new yard in Jiangsu
Sinopacific's Yangzhou Dayang Shipbuilding and Haitong Marine Engineering Equipment together launched a construction base in Nantong, Jiangsu Province, today
- STX issues shares to banks
Troubled South Korean group STX Corporation said today it has issued new shares to its creditors as part of a debt-to-equity swap
- Lower coal prices slash Adaro Energy's profit
Indonesia's second-biggest coal producer, Adaro Energy, has posted lower profit, which it blamed on lower coal prices
- HMM appoints new CEO
Hyundai Merchant Marine announced today that Lee Seock Dong has been chosen as its new CEO
- One of six LNG projects may materialise
Only one in six liquefied natural gas (LNG) liquefaction projects may take final investment decision (FID) as the supply of liquefied natural gas may exceed that of demand by 2025
- ExxonMobil's $19Bn PNG LNG plant ready to go
Shipments of LNG out of ExxonMobil's Esso Highlands Papua New Guinea (PNG) subsidiary are set for July - four months ahead of schedule - the company told US analysts this week
|MARCH 12, 2014|
- CN Says Vancouver Truck Strike Delaying Transload Shipments
Canadian National Railway told forest product shippers that the ongoing truck strike at the Port Metro Vancouver is preventing them from taking all of their lumber and pulp carload shipments for transloading into containers. The railroad on March 9 placed an embargo on rail shipments to container-stuffing facilities in Vancouver, but...
- US Footwear Importers to Diversify Sourcing as China Faces Labor Challenges
Rising labor costs and a shortage of workers in coastal China are two of the most serious problems footwear producers in that country face, and those challenges will motivate U.S. footwear importers to diversify some of their sourcing to other countries. "Labor is one of several factors driving sourcing to other...
- TRAC: Drayage Service a 'First Step'
TRAC Intermodal's planned move into drayage is the first step in the company's effort to expand its portfolio to provide "a broad suite of logistics services," CEO Keith Lovetro said. "TRAC wants to be a more full-service provider to our customers, and not just a chassis operator," Lovetro told the JOC....
- Box Ships Scraps Dividend as Container Charter Market Slumps
Box Ships posted its 11th consecutive quarterly profit, but the Greek container shipowner skipped a dividend payment to help it survive a slumping charter market. The NYSE-list company booked a net profit of $3 million in the "challenging" final three months of 2013, up from $2.87 million in the year-earlier period;...
- Carrier, Three NVOCCs to Pay Civil Fines Totaling $350,000
WASHINGTON - A breakbulk and container line, and three non-vessel operating common carriers have agreed to pay $350,000 total in civil penalties following Federal Maritime Commission allegations that they violated the Shipping Act of 1984 and the agency's regulations. The carrier, Rickmers-Linie, and NVOs OBI Shipping, Benison Transport and Shine International Transportation...
- EU Proposes Tariff Cuts to Help Troubled Ukraine
Euromaidan protesters in Kiev, Ukraine in January 2014.The European Commission is proposing to remove customs duties on Ukrainian exports to the European Union until Nov. 1, 2014, in response to political and economic turmoil in the nation. If approved, existing EU tariffs for industrial goods exported from Ukraine will be removed immediately...
- Drewry's Eastbound Trans-Pacific Rate Unchanged Ahead of GRI
Drewry Container Rate Benchmark, March 12, 2014 Full-size image The Drewry benchmark rate for shipping from Hong Kong to Los Angeles remained flat at $1,886 per 40-foot container in the week of March 12. In seven of the past 10 weeks, rates have remained unchanged week-to-week. "The development in volatility is quite subdued...
- Trans-Pacific Vessels From Shanghai Post Worst Reliability Levels
Port of ShanghaiCarriers' schedule reliability from Shanghai to Oakland, Calif., showed the greatest variation in eastbound Asia-to-Southern California route performances during the period from the third quarter of 2011 through the fourth quarter of 2013, according to SeaIntel's latest Sunday Spotlight report. By analyzing the regularity of container ships departing from...
- Mexican Rails Gain Ammunition in Concession Agreement Defense
The release of a new study on the Mexican freight railway industry provides ammunition to the sector's defense of its concession agreements, and hints at a potential compromise between the railroads and legislators aiming to open up industry to other carriers. The results of the peer review - conducted by the Organization...
- Diversions, Violence as Vancouver Trucker Strike Continues
The trucking environment in Vancouver is turning uglier by the day, with drivers who dare to work at the Canadian port facing retribution from striking drivers, and cargo diversion already becoming a reality. The consensus among maritime industry executives is that a solution to the bitter trucking strike must be found...
|MARCH 12, 2014|
- Five-year fixture fails
All eyes were on the period market Wednesday amid reports that a capesize bulker was on the fringe of firming up a five-year fixture.
- Classic takes Bocimar cape
Rates for capesize bulkers appear to be losing ground in both the period and spot markets but some vessels are still commanding premiums.
- Coup comes to light
Jacques Saade appears to be mounting a campaign aimed at ousting the chairman of Global Ship Lease's (GSL's) board of directors.
- Naviera back at Damen
Naviera Integral of Mexico has returned to Damen Shipyards Group for four more fast crew boats backed by charters to compatriot oil company Pemex.
- Korea eyes storage surge
South Korea is planning to become North-east Asia's leading oil storage hub with investment of $1.4bn.
- Cargoship in distress
A general cargoship is awaiting assistance off Norway after losing power in stormy seas.
- Owner unmasked
Sea Pride Shipping of the UAE has emerged as the owner of a tanker that broke through a naval blockade in Libya after loading crude from a rebel-held port.
- Rand seals debt deal
Great Lakes bulker owner Rand Logistics is on a surer footing after putting the finishing touches to a huge refinancing package.
- GSL ups debt sale
Boxship owner Global Ship Lease (GSL) has added another $20m to its notes offering as it seeks to pay off borrowings.
- Nordic wins survey job
Singapore group Nordic Maritime has clinched a $23.5m contract to provide 3D seismic data off India in tandem with Sovcomflot (SCF) of Russia.
- Coastal eyes over $60m
Malaysian shipbuilder and owner Coastal Contracts is targeting over $60m from a proposed private placement.
- Estate sells Maersk slice
The estate of Maersk Mc-Kinney Moller has sold out of AP Moller Maersk.
- Mermaid banned from EU
A Greek-managed general cargoship has been barred from European Union ports for three months after failing a second port state control check in 36 months.
- Two more for Vard
Fincantieri-owned Vard Holdings has secured another offshore vessel order a day after announcing its biggest ever ship contract.
- Nordic ends in black
Nordic Shipholding ended a tumultuous year in the black thanks to its financial overhaul in November.
- Mermaid raises $218m
Mermaid Marine Australia has sold AUD 243.5m ($217.8m) of new shares as it prepares to take over Singapore's Jaya Holdings.
- Heung-A edges up
Korean boxship and tanker owner Heung-A has pushed up profit in 2013 as revenue grew.
- HMM's change at the top
Korea's Hyundai Merchant Marine (HMM) has appointed a new chief executive officer just days after revealing a loss for the third year in a row.
- Avance hunts Oslo war chest
Avance Gas has confirmed plans to complete an initial public offering (IPO) on the Oslo Stock Exchange in a move which will bolster its resources for further expansion.
- Ferry crunched
A Scottish ferry has smashed into a pier, damaging its bow.
- CMA-CGM expands Rhino
CMA-CGM's recently introduced Rhino Express feeder service dedicated to Mozambique is set to be upgraded.
- Fayard profit rises
Danish shipyard Fayard has increased annual earnings as costs fell.
- Hunger strikers removed
Three crew on hunger strike have been taken off an arrested Varun LPG carrier by India's coast guard.
- Sinopacific bags four
Sinopacific Shipbuilding Group has won newbuilding orders for up to four kamsarmax bulkers.
- Maersk orders cable layer
Maersk Supply Service has ordered a newbuilding cable layer from Dutch shipbuilder Damen on the back of a long term charter.
- Visibility warning
Shipowners have been advised to use caution when operating in Singapore waters due to reduced visibility caused by haze.
- US set for bumper March
Major US container ports are forecast to see a year-on-year growth of 12.4% in inbound volumes in March.
- Ross defends decision
Wall Street legend Wilbur Ross has confirmed reports that US product tanker owner Diamond S Shipping has abandoned plans to complete an initial public offering (IPO) in New York.
- Box Ships pulls payout
Greek containership owner Box Ships has opted against the payment of a fourth-quarter dividend in an effort to preserve liquidity.
- Diamond dims
Wilbur Ross-backed Diamond S Shipping has pulled its New York IPO after finding investors unwilling to back the deal within its target pricing range, a finance source tells TradeWinds.
|MARCH 12, 2014|
- Draymen face chassis shortage in NY, NJ
The Port of New York and New Jersey is being severely impacted by a shortage of chassis needed to deliver and pick up containers at marine terminals, according to drayage companies and forwarders/custom house brokers.
- IATA: Global cargo demand to rise in 2014
Global air cargo demand growth is projected to hit 4 percent this year, a significant increase over the previously forecast 2.1-percent growth rate for 2014, according to IATA.
- Group pushes for Miller confirmation
Leaders of the Consumers for United Rail Equity recently penned a letter to Senate Majority Leader Harry Reid and his Republican counterpart, Mitch McConnell, stressing the importance of putting Miller on the board.
- Hub Group unveils drayage name change
- Ruscon starts flexitank service to Kazakhstan
- TNT Express to invest in hub
- Evergreen to end VSA
Evergreen Line is planning to terminate its vessel-sharing agreement on the ANS USEC-Caucedo-Brazil service in April, the company said Wednesday.
- Ship Finance International acquires 5,800-TEU ships
- Pipeline proposed between Albany, New Jersey
- Executive moves
Executive positions have been filled at Kenco, AmeriQuest Transportation Services, MOL (America) and The National Foreign Trade Council's Trade Committee.
|MARCH 12, 2014|
- Shipowners' hopes dashed over LNG infrastructures
'2025 deadline simply too far to have an impact.'
- Argentina tightens rules for declaring onboard bunkers, lubes
Misdeclaration can lead to 'costly' fines.
- Industry players to join LNG discussisons
US Coast Guard to hold workshop on issues linked to the use LNG and other low flash point fuels as bunker material.
- Prices firm in southern ports
Heavy congestion reported in Gibraltar.
- Mid-week prices soften in Fujairah
Cape Town out of MGO product.
- Trader transfers to Singapore
Maria Eliseeva is moving from Dan-Bunkering's Kaliningrad office.
- New study: Marine fuel demand seen growing until 2025
LNG could account for up to 11% of fuel mix by 2030, but HFO still the dominant fuel.
- Singapore targets air quality
Particulate matter to be measured in assessing pollution levels.
- ARB doles out fines for failing to switch to distillates
Some well-known names among those caught out by rules.
- Antwerp makes LNG bunkering 'official'
Belgian port formalises approach to LNG bunkering.
- Asian prices ends day stable
Average to above-average demand seen in Hong Kong.
- Dual-fuel newbuild will operate inside European ECA
Maersk Supply Service newbuild is expected to be deployed in the North Sea.
- Oil products specialist stays in the black
Firm seeking to lease bunker storage capacity to maintain top line growth.
- Fuel scrubber maker selects US firm as installer
'Looking forward to a long and mutually beneficial relationship,' says Poly Shield Technologies.
- Titan winding up petition adjourned
Secures $8.02 million from subsidiary of Guangdong Zhenrong Energy.
- Haze alert issued at Singapore port
Visibility could be 'significantly reduced', says MPA.