|MARCH 14, 2014|
- Hainan drives off, arrests fishing boats in disputed South China Sea zone
- Lianyungang becomes Sino-South Korean sea-land intermodal pilot city
- US fines Singapore's Odfjell US$2.1 million for dumping oily bilge at sea
- NYK, MCC upgrade Japan, South China, Thai loops with Perseus Service
- Old Dominion Freight Line posts 12pc volume growth in Feb
- UPS to expand U.S. fleet with 1,000 propane-fuelled trucks
- Cathay Pacific's 2013 earnings rise 204pc to US$337m
- UAL sees passenger traffic fall 0.3pc in February on 0.9pc lower capacity
- Qatar Airways Cargo to start Doha-Stansted, UK service
- SDV to provide logistics, transport services to COMAC subsidiary
- Emirates SkyCargo awards its cargo agents and forwarders
|MARCH 13, 2014|
- LNG tanker excess seen hitting rentals
- MIQ Logistics facilitates expeditious movement of project cargo to Italy
- MOL holds 2014 safety conferences at 4 locations
- Ocean Shell Shipping in container shipping foray
- Seafarers win minimum wage increase
- Cotton exports grow 5 pc in Aug.-Feb.
- US gas exports to India could see momentum
- APSEZ observes National Safety Week at Mundra
- North Europe's big six box ports projected to see increase in total volume this year
- AMTOI celebrates Annual Day, Bollywood Style!
- Govt frees onion exports
- MMTC sole bidder for CIL coal supply contract
|MARCH 14, 2014|
- Ruscon launches intermodal flexitank service to Kazakhstan
- Iata sees even bigger cargo business growth in 2014
- Poland to implement ETCS on Warsaw-Lodz line
- Alitalia extends contract with Jettainer
- EC: coordinators for corridors appointed
- TNT Express to invest in Liege hub
- Akel Lojistik gets EBRD loan
- Caro Trans with new US west coast LCL service
- New representatives for port of Antwerp
- DSV opens fourth branch office in Brazil
- Queensland plans to modernize outback roads
- Cargolux on Champ's next generation cargo platform
- Gulftainer is Frost & Sullivan's supply chain partner of...
- Ship agency deal for GAC
- LHG welcomes HHLA veteran to supervisory board
|MARCH 13, 2014|
- Wind farm support vessel is Volvo Penta IPS equipped
- Rand Logistics completes $212.5 million refinancing
- HFO set to remain dominant marine fuel
- ClassNK classes its first U.S.-flag ship
- Toisa MOCV to have Siemens drive and power solutions
|MARCH 13, 2014|
- Freight transport index tally drops during month of January
- Command change set for Puget Sound Coast Guard Sector
- More electric vehicle charging stations online at Sea-Tac International Airport
- Federal Maritime Commission collects $350,000 in civil penalties
- US freight railroads to invest $26 billion during this year
|MARCH 13, 2014|
- Varun pledges to keep operating despite arrests and pending ship sales
Mumbai owner seeks interim documents after shipping directorate cancels its compliance
- BlackRock rates Aegean Baltic the most strongly capitalised Greek bank
Boutique ship finance player aims to expand its portfolio
- Libya's crude oil shipments dwindle as rebels block terminals
- Casualty data analysis shows a drop in shipping losses for 2013
Fewer than 100 total losses but insurers worry about storms, liquefaction and catalytic fines
- Ukraine could lose control of state-owned Crimea ports to Russia
Region's breakaway government hints at takeover if Sunday's referendum goes its way
- China players take 60% stake in Asia Container Terminals
Cosco Pacific and CSTD buy into Hutchison Hong Kong port holding company
- Chapter 11 costs hit OSG results
Shipping revenue sees slight dip
- NewLead places $25m of shares with Ironbridge to fund fleet expansion
Greek bulk carrier owner will invest part of the funding in two handysize vessels
- Box Ships sees a future for panamaxes but calls for more scrapping
Containership owner says cutting dividend is prudent due to lower rates
- Russia-Ukraine standoff hits Crimea spring grain sowing
Barley, wheat and maize crops will suffer as turmoil cuts fuel supplies to region's farmers
- Retailers voice port congestion fears as US box imports are set to increase
New York and New Jersey may struggle with March double-digit volume growth
- Qatar Navigation signs two-year deal to ship chemicals in containers
Milaha will export product from Mesaieed to hub ports around the Middle East Gulf
- Data Hub: Trade Route Intelligence
Alliances could dominate the Asia to North Europe route, but their creation will not solve the overcapacity issue
- Loss of MOL Comfort forces class societies to take action
Boxships will become stronger and better able to withstand weather and loading extremes
- Electronic bills of lading take another step forward
EXCLUSIVE: NYK Line uses essDocs to process documents sent to Elite International
- Thoresen Shipping buys three more supramax bulk carriers
Deals worth $70m bring bulk specialist's fleet to 23 owned vessels
- Jinhui Shipping posts 22% drop in net profit
Chairman warns that market will stabilise only after speculative buyers are forced to exit
|MARCH 13, 2014|
- IHC launches Saudi cutter suction dredger
IHC Merwede, the Dutch builder of dredging and mining vessels, launched cutter suction dredger 'Al Bahar' C/D Huta 12 on 8 March at its yard in Kinderdijk, the Netherlands
- First 24,000teu ships set for 2018
The Allianz insurance group has said that it expects the first 24,000teu container ships to come into service around 2018
- Simpson lands EU sea motorways job
Brian Simpson, chairman of the European Parliament's transport and tourism committee, has been appointed coordinator for motorways of the sea under the European Union's new transport infrastructure policy for the 2014-20 period
- Varun Shipping seeks new licence
Mumbai-based Varun Shipping Company Ltd (VSCL), which has just completed restructuring of its business, has sought a licence to operate its ships under Varun Global Ltd, a group ship management company
- Debts outstrip assets at STX
STX Corporation today confirmed that its capital has been impaired by more than 50%, after posting its worst annual result
- STX O&S chief champions rebuilding process
STX Offshore & Shipbuilding may be going through a rough patch as it restructures its huge debt but its road to recovery has been mapped out, said its co-CEO Jung Sung Leep today
- SDARI unveils new VLOC design
Shanghai Merchant Ship Design & Research Institute (SDARI) has unveiled an upgraded version of its very large ore carrier design, touting specifications of greater fuel efficiency, fewer emissions and lower ballast
- MOL cuts emissions through catalytic reduction
Mitsui OSK Lines is reducing nitrogen oxide emissions by installing a selective catalytic-reduction system on one of its Capesize bulkers
- Thoresen Shipping buys three more ships
Thoresen Shipping Singapore, a wholly owned subsidiary by Thoresen Thai Agencies (TTA), has bought another three secondhand Supramax bulkers
- Indonesian cabotage ups rates for offshore vessels
Cabotage rules are firming charter rates for offshore vessels in Indonesia, said UOB Kay Hian Securities (UOBKH)
- Otto Marine wins $24.9M OSV charter contracts
Singapore's Otto Marine, an offshore marine company, announced today that it had secured a charter contract amounting to $24.9M for three offshore support vessels
- ClassNK to finalise MOL Comfort probe by August
Japanese classification society ClassNK has pledged to complete its investigation into the break-up of MOL Comfort by August
|MARCH 13, 2014|
- Toy Shippers Urged: Prepare for Port Shutdown
The Toy Industry Association is advising its members to make contingency plans for their summer-fall shipments in case contract negotiations between the International Longshore and Warehouse Union and West Coast waterfront employers break down in July. "A stoppage at the West Coast ports would be highly detrimental to the U.S. toy...
- Orbcomm Buys Euroscan, Expands Reefer Business
Orbcomm, a global wireless asset-tracking company, has acquired Euroscan, expanding its product line and ability to track refrigerated containers and trailers worldwide. Euroscan equipment monitors the temperature of refrigerated trucks, trailers and containers, with 200,000 units installed worldwide, the companies said. The acquisition gives Orbcomm "a significant distribution channel in Europe and...
- Supporting the Internet as a platform for International Trade
According to a study released by Brookings Institution, significant trade reforms are needed to help small and medium-sized enterprises (SMEs) benefit from the Internet as a platform for e-commerce and international trade. The study by Joshua Meltzer, Fellow, Global Economy and Development Program, Brookings Institution, cites a host of global...
- 'K' Line Diverts Vancouver Local Cargo
A truck gate at Port Metro Vancouver. "K" Line said a trucker strike at Port Metro Vancouver has forced the carrier to declare force majeure and to divert import containers for local Vancouver delivery to Tacoma, Wash. The carrier said the declaration affects shipments on the Genoa Bridge and Yang Ming New...
- The Bigger the Ship, the Worse the Loss Risk
As container ships grow ever bigger, the potential of catastrophic losses is also growing. On top of that, the container shipping trade continues to be plagued by losses related to misdeclared container weights and the misidentification of their contents, a danger that will only increase as ships get bigger. Marine...
- PIERS: US Containerized Imports Down in February
U.S. containerized imports through February 2014. Full-size image U.S. containerized import volume fell 7.2 percent year-over-year in February 2014, according to advance figures from PIERS, the data division of JOC Group Inc. Imports totaled 1.32 million TEUs in February, tumbling 16.3 percent from containerized volume in January. "While the U.S. labor market made...
- Visibility in the Inbound Supply Chain
Companies are looking for ways to make their supply chains more efficient, cost-effective, and competitive. More suppliers and partners are involved in the inbound supply chain than ever, and manual processes are becoming too complicated to continue. Risk and volatility is driving up transportation spend, landed costs, and expenses related...
- Trucker Electronic Logging Mandate Edges Closer [Updated]
[Updated March 13, 1:15 p.m. EST] WASHINGTON, D.C. - A proposed rule that would require the use of electronic logging devices in all heavy trucks and buses in the U.S. will shortly be released and ready for public comment. The Federal Motor Carrier Association today said it sent its long-awaited, controversial proposed...
- INTTRA CEO Ken Bloom Stepping Down
In the 14-year growth of INTTRA, it has evolved from a startup launched by several carriers as an online cargo-booking service for their customers into a portal where shippers can see where their cargo is in their supply chains. Now it is getting ready for a third step: digitizing of...
- Hong Kong JV Paves Way for Mega-Ship Handling
Port of Hong KongThe Port of Hong Kong got a much needed boost in its capacity to handle container mega-ships after the port's operating arms China Ocean Shipping Group and China Shipping Group said they will take a $318 million stake in the owner and operator of a major container...
- Lufthansa Cargo Profit Slumps 27 Percent
Lufthansa Cargo's earnings slumped 27 percent in 2013, but it was one of the few airlines that turned a profit in a subdued global air freight market. Operating profit fell to €77 million, from €105 million in 2012, as revenue dipped 9.2 percent to €2.44 billion. Freight volume declined by 1 percent...
- Air Cargo Industry Needs to Cut Transit Times, IATA Says
With more shippers choosing to defer shipments to delayed air services, ground and even ocean transport, the air cargo industry needs to respond boldly by cutting average end-to-end transit times by up to 48 hours by the end of the decade, an International Air Transport Association executive said earlier this...
- Etihad Rail, Abu Dhabi Ports Co. Plan Rail Facility at Khalifa
Etihad Rail, the United Arab Emirates' national railway network developer and operator, has signed a memorandum of understanding with Abu Dhabi Ports Co. for the development of an integrated bulk and container railway terminal facility at Khalifa Port. The deal was signed by Nasser Al Mansoori, CEO of Etihad Rail, and...
- US Red Meat Exports Could Face 'Challenges' in 2014
Mexico was the top market for U.S. pork exports by volume in January, although the No. 1 market in terms of value was Japan.U.S. red meat exports kicked off 2014 on a "positive note," although market conditions suggest the year ahead could be "challenging," according to statistics released by the...
|MARCH 13, 2014|
- GSL loses ground
Investors appear to be rattled by rumours that Jacques Saade is looking to unseat the chairman of Global Ship Lease's (GSL's) board of directors.
- Irving case not closed
Irving Shipbuilding says it will continue its litigation against a former employee over an alleged data breach as he departed for compatriot rival Davie Yards.
- Forland offloads one
Forland Shipping has offloaded one of only three offshore support vessels in its fleet.
- BSC's bill rises
Bangladesh Shipping Corp's (BSC) quest to buy six vessels is likely to cost it 10% more than originally planned as prices rise.
- Cape for DryShips?
George Economou's DryShips is the latest listed company to be linked with a KCH Shipping capesize bulker.
- Milaha bags petchem deal
Qatar Navigation (Milaha) has clinched a two-year contract to ship petrochemicals for a compatriot company.
- One dead in smash
One man has been killed and another 10 are missing after a collision between their fishing boat and a cargoship off the Philippines.
- OSG reveals big loss
Bankrupt US tanker owner OSG has posted a big loss in 2013 due to restructuring costs, but the operating deficit decreased.
- Relief for capes
Capesize owners breathed a sigh of relief today as heavy falls yesterday were not repeated.
- Hanjin Shipping plans merger
Korea's Hanjin Shipping is set to merge with its parent company as part of its efforts to return to profitability.
- NITC eyes ship buys
National Iranian Tanker Co (NITC) wants to add vessels as sanctions ease - and could make a move into LNG shipping.
- Ship casualties fall
A reduction in ship total losses is reported by the big Allianz insurance group in an annual safety review although the quality of the data used is open to question.
- Cruise figures hit peak
Cruise voyages by Europeans hit a record high in 2013, according to figures from industry body Cruise Lines International Association (CLIA).
- DVB cautious on VLCCs
DVB Bank has delivered a sobering assessment of the VLCC market at a time when owners and investors are showing a keen interest in the sector.
- Rickmers fined in US
Germany's Rickmers-Linie is paying $190,000 to the US Federal Maritime Commission (FMC) after failing to notify it of a space charter deal.
- Basili joins Pac Basin board
CG Rieber chief executive Irene Waage Basili has been appointed as a director of Pacific Basin Shipping.
- Cosco Pacific splashes cash
China's Cosco Pacific has taken a 40% stake in Hong Kong's Asia Container Terminals (ACT).
- STX nears Euro sale
The European division of struggling Korean shipbuilder STX looks set to have a new owner by the end of the first half of this year.
- Swire profit soars
Swire Pacific's marine services division has reported a 36% jump in 2013 earnings as its offshore fleet grew.
- Legatum adds more SALT
One of Scorpio Bulkers' largest shareholders has boosted its interest in the New York-listed shipowner.
- Ardmore ups the ante
Ardmore Shipping has been tipped to move fast in deploying the capital raised from its latest trip to Wall Street.
- China ups marine GDP
The gross domestic product (GDP) of China's maritime industry reached CNY 5.43 trillion ($884.9bn) in 2013.
- Fosenbulk under tow
A Norwegian cargoship that lost power in a storm has been taken under tow.
- Varun loses licence
India has withdrawn loss-making Varun Shipping's document of compliance over delayed drydockings and wage arrears.
- ULTR in five year high
Ultrapetrol, the Argentine-based shipowner, has booked its first full-year profit in at least five years.
- Logindo goes large
Logindo Samudramakmur has reported an 86% jump in FY2013 profit fuelled by increased tonnage and better utilisation.
- Thoresen takes Top ships
Thoresen Shipping has confirmed that it has acquired three modern supramax bulkers enbloc for $70m in total.
- Otto Marine ties-up trio
Otto Marine has secured charter contracts for three of its anchor handlers in deals worth $24.9m in total.
- Chemical tanker freed
A Hong Kong-owned chemical tanker arrested in Singapore last week has been released court documents show.
|MARCH 13, 2014|
- Report: Rail rate premiums skyrocket
During the past six years, rate premiums paid by shippers to railroads have skyrocketed by 90 percent, even as carload volume has fallen by 1.1 percent, according to a recently released report by Escalation Consultants.
- Domestic freight activity falls in January
- Cathay sees February cargo decline
- Insurer sees decline in ship losses, rise in new challenges
Allianz Global Corporate & Specialty reported a decline in shipping losses for 2013, with just 94 losses of ships of more than 100 gross tons worldwide, compared to 117 in 2012, with Asia seeing the highest number of total losses.
- Cargo at center stage as American integrates
- Cargo volume up at Port of Virginia, growth expected from G6 changes
Cargo volume at The Port of Virginia increased 6 percent in February when compared to the same month last year, the port said Thursday, adding that it anticipates an increase in volume soon as the G6 alliance makes changes.
- White House praises U.S.-Korea FTA after second year
- COSCO Pacific, Hutchison announce Hong Kong terminal deal
- Crowley to supply LNG to Coca-Cola bottlers
- CMA CGM string to call Buchanan
- Forest product shippers could seek Vancouver alternative
A shipping association chairman is warning that exporters of forest products in containers through the Port of Vancouver may move their cargo to other ports, switch to using breakbulk vessels or do both because of an ongoing strike.
|MARCH 13, 2014|
- Greek-owned cargo ship detained in Denmark
Crew's complaints led to ship's detention, says Danish maritime Union.
- System confirmed to reduce sulphur in marine fuel oil
Sulphur down to level well below the 0.50% target, test shows.
- Prices head down across Europe
Falling crude values cool bunker prices.
- Fujairah bunker prices mainly firm
Price of 180 cSt material at Suez up $20.
- Shipowners line up against CO2 monitoring extension
Including small ships will create 'unnecessary administrative burdens', says ECSA.
- Bunker avails expected to tighten as refineries cut back
Fears of shortages see bunker demand climb.
- Rolls-Royce eyes China's green shipping market
Patent granted for wave-piercing bow technology.
- Fuel stocks climb to three-week high
Inventories swell to 19.5 million barrels.
- Bunker company management system gets certification
System aiming for 'greater transparency across the board'.
- LNG bunkering brings new risks, insurer warns
Lack of experience in handling the product creates potential hazards.
- Singapore: Monthly bunker sales drop
Fewer vessels calls contribute to weaker figures.
- Asian IFO market holding steady
Refiners in Busan said to be holding back on supply volumes.
- Company commits to HFO-fuelled pushboats
Using HFO has generated cost savings.
- Spanish port earmarked for LNG bunkering
EU shows support for development plans.
- Singapore firm attains membership in marine fuel trader scheme
Licence to purchase bonded bunkers will be valid to March 2017.
- Thai bunker player eyes expansion
'After gaining a lot of liquidity from the stock market listing, we are ready to expand the business,' Chairman says.
- New broom for EU transport fund
Motorways of the Sea programme gets new co-ordinators.
- South China fuel oil stocks up
Large import cargo of 380 cSt product propelled stocks at Shandong to a seven-month high.