|JULY 15, 2014|
- Asia-Europe box volume surges 13.2pc in May to 1.4 million TEU
- MOL, China Shipping order ice class ships for Asia-Europe Arctic run
- European Shippers Council tells EU regulators to closely watch 2M
- Bangladesh garment exports up 14pc despite loss of US trade benefits
- Halliburton takes 49pc in STP joint venture on Xinjiang fracking job
- DP World Vancouver Island terminal to export US-bound Canada cargo
- Singapore's AAL completes massive heavy lift delivery of LNG tanks
- DP World and Djibouti to fight out in court Doraleh CT concession
- Thessaloniki port takes acquisition bids from 8 contenders
- California circuit court upholds state's trucker lunch break laws
- Florida East Coast Railway opens new Port Everglades intermodal yard
- Bangladesh says foreign air freight operators of siphon off millions
- Lufthansa Cargo's 70pc load factor tops rival air freight carriers
- Refusal to exempt Russia from EU cargo security rule risks trade war
- ECS group awards global GSA for AirAsia India start-up
|JULY 14, 2014|
- Continuous efforts needed to establish harmonised reporting procedures for vessels entering/departing EU ports: European Commission
- COSCON announces General Rate Increase for US trade
- IMO's container convention amendments enter into force
- Jebel Ali voted best seaport in Middle East
- Liner shipping industry welcomes EU's extension of consortia block exemption regulation
- SARJAK launches services to & from Japan
- Shanghai port handles record 3.06 m TEUs in just June 2014!
- TSA moves ahead with its revenue recovery plan
- Ukraine mulling action against Crimean ports
- WSC releases updated survey on containers lost at sea
- Yang Ming Line expands Myanmar coverage with feeder service
- Onion exports rise 11.53 pc in 2013-14
- Coastal cargo likely to get 'green channel' boost
- Haldia Port expects to benefit from scheme to boost transportation on the Ganga
- Nature conservation & economic activities are in harmony at Antwerp port
- PMO demands explanation from KoPT & MoS on malpractices in stevedoring operations
- Railways earnings up 9.48 pc during April-June
- Dairies focus on domestic sales as global milk powder prices crash
- Economic Survey pans FTAs
- Infra improvements & ease of doing business to make exports more competitive: Fieo
- INR turns weak on fresh dollar demand
|JULY 14, 2014|
- Norwegian orders two more Breakaway plus ships
- Port Neches shipyard hit with OSHA penalties
- Costa Concordia is afloat again
- Port Calcite relaunches fuel barge
- July 14, 2014 Cecon faces another delay in delivery of Davie newbuild
- Chancellor Merkel christens new German research ship
- July 14, 2014 Guido Perla design Fast Supply Vessels for Mexico
- LHA 6 sails away from Ingalls Shipbuilding
|JULY 14, 2014|
- PMA, ILWU give update on contract negotiations
- The Greenbrier Companies releases third quarter numbers
- Bureau of Transportation Statistics updates transport reference guide
- Vigor Fab inks deal to build new fireboat
- Coast Guard to maintain Chetco River whistle buoy
|JULY 14, 2014|
- 2M: The Chinese conundrum
Industry viewpoint: Reflections on the Chinese rejection of the P3 alliance and its aftermath
- Patrick Walters to join Peel Ports
Former P&O and ABP executive appointed group commercial director
- Roxana Shipping sells two chemical and oil tanker newbuildings
Owner sells newbuildings amid concerns that too many new vessels are being ordered
- Three crew hurt in Port Hedland bulker blaze
Vessel had been reported before for fire-related deficiencies
- China Shipping and Alibaba in pact to develop container shipping platform
State conglomerate seeks to expand client base and enhance services on China's largest e-commerce web portal
- China Shipping Haisheng forecasts narrower first-half loss
Weak rates still plague Shanghai-listed bulker unit of China Shipping Group
- Maersk to quit eight service agreements with CMA CGM
New vessel-sharing agreement with MSC precludes other alliances in east-west trades
- New tanker that also carries cars and boxes set to hit the water
Russian owner to take delivery of 10 unique tankers that haul oil products, boxes and vehicles
- China Cosco orders eight bulkers for $263m
Shipping giant flags plans to buy another six bulkers and five boxships as part of fleet renewal
- VLGC earnings stay above $100,000 per day for four weeks
August forecast to bring even higher earnings for very large gas carrier owners
- We need your ballast opinions
Industry thoughts and comments sought on critical ballast water issues
- K+N sees 8% uptick in box volumes
Growth is twice as fast as overall market, freight forwarder says
- US west coast negotiators return to the table
Talks with ILWU to renew expired contract resume once more
- Indian tax cut spurs rush of demolition activity
Rates rise after Modi moves to reduce customs duty on ships bound for the breakers
|JULY 14, 2014|
- Seaman Guard Ohio charges reportedly dropped
Ken Peters, public affairs chief of the Mission to Seafarers in the UK, said arms charges in India have been dropped against six British former servicemen. The six were among a 35-member crew of the anti-piracy supply vessel MV Seaman Guard Ohio. The crewmen were accused of illegally possessing
- Italdraghe supplies dredger to Sicily
Italian dredger builder Italdraghe has just delivered a new mini dredger to a small fishing harbour near Ragusa, Sicily. Commissioned onsite by Italdraghe technicians and complete with dredging pipeline and floats, the cutter dredger is a turnkey package contract awarded to Italdraghe in 2013. It is
- Jiangsu Dajin secures liftboat order
Chinese shipbuilder Jiangsu Dajin Heavy Industry, an affiliate of Shanghai Bestway Marine Engineering Design has secured an order for a new liftboat from Centaur Marine. The self-elevating liftboat is scheduled for delivery in 1H 2016 but no specifications have been disclosed about the new vessel.
- Dredging under way for Liverpool2
The Liverpool2 container terminal has taken an important step closer to realisation with the arrival of Dutch dredging contractor Van Oord's 9,535m³ trailing suction hopper dredger HAM 316, that has started dredging the River Mersey estuary. Van Oord's scope of work, funded by a £35M grant from the
- Fayard to finish Scandlines ro-paxes
Privately owned Danish ship repair company Fayard will complete the two ro-pax newbuildings for Baltic Sea ferry operator Scandlines. The two 24,000gt vessels were first ordered in March 2010 from German shipbuilder P+S Werft but cancelled in 2012 when the yard folded. The order was revived this
- Qingdao Beihai wins Foremost cape quartet
Chinese shipyard Qingdao Beihai Shipbuilding Heavy Industry has won an order for four capesize bulkers from US based Foremost Group. Delivery of the four 180,000dwt vessels is scheduled for November 2015, May, June, and December 2016. They will have an overall length of 295m, beam 46m, depth 24.8m,
- Chengxi & Shanhaiguan secure Cosco bulkers
Chengxi Shipyard and Shanhaiguan Shipbuilding have secured orders for 10 bulkers from China's Cosco Holdings with four handysize and four ultramaxes for Chengxi, and two handies for Shanhaiguan at a total cost of $263.1M. There are four 38,800dwt vessels at a total cost of $99.2M and four 63,800dwt
- Shanghai's box volume up by 11% in June
The port of Shanghai has posted a record 3.06M teu throughput in June, up 10.8% year-on-year, and 1.4% higher than May 2014. The world's largest port also handled a total of 17.26M teu in the first quarter of 2014, up by 5.7% y/y, Shanghai International Port (Group) said. Shanghai posted net profit
- K+ N ramps up volumes
The world's biggest ocean freight forwarder Kuehne + Nagel has bolstered its leading position with a strong increase in business volumes in the first six months of 2014. The Swiss-based group today announced an 8% increase in the number of container shipments it booked and managed, twice as high as
- Gate LNG Terminal Rotterdam to expand
A joint venture between Gasunie and Royal Vopak, the Gate LNG Terminal in the Port of Rotterdam is to expand to offer LNG break-bulk services, act as a gateway for LNG in north-western Europe and help meet the demand for LNG as a fuel. Rotterdam Port Authority is involved in the project with the
- Prosecutors to renew the arrest warrant for Sewol owner
South Korean prosecutors will renew the arrest warrant for the fugitive owner of the Sewol ferry when it expires on 22 July. Yesterday, the Incheon District Prosecutors' Office met with police to discuss the search for Yoo Byung Eun, the owner of Chonghaejin Marine and Sewol. The ferry capsized
- Concordia finally afloat
Costa Concordia is now afloat, Costa Cruises has confirmed. "The Concordia's stern and bow are now detached from the false sea bed by about 1m," the company said. The wreck is now afloat due to the sponsons. "Before being towed 30 meters East, the Concordia will need to be refloated of another
- South Korea lawmakers draw up Sewol bill
Work is underway to pass a special bill to prevent a repeat of the Sewol ferry disaster. Today, two lawmakers who are part of a joint task force team related to the disaster met to agree on the contents of the bill. The Sewol, carrying 476 passengers and crew, capsized during an Incheon-Jeju trip on
- Singapore holds emergency drill for passenger ships
The Maritime and Port Authority of Singapore has carried out an emergency drill for passenger ships in the wake of the Sewol disaster. During the exercise on 11 July, codenamed Exercise Blue Dolphin 2014, some 700 passengers and crew members were evacuated from a passenger vessel. MPA said the
- ReCAAP ISC releases details on Moresby 9
A product tanker has had its cargo siphoned off in the South China Sea, the ReCAAP Information Sharing Centre (ReCAAP ISC) reported. Moresby 9 was underway at position 03° 45.93 N, 105° 10.24 E , 48.6nm northwest of Pulau Anambas on the 4 July 2014 when a small fishing vessel approximately seven
- Nanjing Tanker upset as creditor applied for its restructuring
Delisted Chinese company Nanjing Tanker is likely to face the prospect of restructuring after a creditor filed a claim over unpaid fuel costs. Tianjin Huifeng Energy Development, a Tianjin-based bunker supplier, applied for the restructuring of Nanjing Tanker at the Nanjing Intermediate People's
|JULY 14, 2014|
- Trucking employment edges up, but capacity concerns shippers
A stronger U.S. industrial economy and surging imports are helping trucking companies hire more workers, despite continued reports of a driver shortage. But that labor shortage and other capacity constraints could boost costs for shippers in the peak freight season this fall. The JOC For-Hire Trucking Index rose for the fourth...
- At its helm, Slangerup ready to build value at Long Beach
After building FedEx Canada from a small regional parcel carrier into the country's largest international express company, CEO Jon Slangerup left the FedEx subsidiary in 2000 and dove into the world of start-up companies, mostly in the technology and alternative fuel sectors. He enjoyed building the companies at a breakneck speed,...
- North American intermodal volume growth more than triples
The pace of North American intermodal volume growth in the second quarter more than tripled from the prior quarter, reflecting the movement of backlogged cargo from a severe winter, U.S. manufacturing growth and a surge of imports ahead of the expiration of the U.S. West Coast longshore contract. International intermodal volume...
- Bunker prices continue steep fall
Spot prices for high- and low-sulfur bunker fuel have declined steeply for the past several weeks on the heels of political unrest in the Middle East. The price per metric ton for high-sulfur bunker fuel fell 4.2 percent this week, while low-sulfur spot prices per metric ton increased 1.3 percent. Full-size chart The...
- 2014 growth in 3PL business, revenue projected
Growth in the United States 3PL market will outpace last year's 3.2 percent expansion, according to consulting firm Armstrong & Associates' new predictions. With an expanding economy, Armstrong & Associates predicts a 5.2 percent rise in 3PL business for 2014, with net revenues projected to increase 4.3 percent to $67.4 billion...
- JOC Group Port Productivity
The JOC has aggregated, standardized and validated port productivity data for 483 ports and 771 terminals worldwide, with data provided by 17 prominent worldwide carriers. This unique data set can help you benchmark your productivity by port, terminal, ship size range, and call size range, identify issues with berth turn-around times, analyze performance and trends over time...
- UASC, CSCL seen most obvious partners for CMA CGM
United Arab Shipping Co. and China Shipping Container Line are the "most obvious" partners for CMA CGM after the French ocean carrier was excluded from the recently proposed 2M alliance between Maersk Line and Mediterranean Shipping Co., according to Drewry Maritime Research. CMA CGM has been sharing vessels with MSC between...
- Teamsters pick Davidson to join YRC Worldwide board
William R. Davidson, a veteran Teamsters labor relations official with decades of hands-on less-than-truckload experience, will join the YRC Worldwide board of directors. Davidson, who began his career as a dockworker at ABF Freight System, will replace Harry Wilson, the Teamsters-nominated director who left the YRC Worldwide board in March after...
- Analyst: Horizon Lines faces debt crisis
Horizon Lines will have difficulty refinancing its heavy debt during the next two years and may be forced to shed assets, a move that would shake up the Jones Act domestic trade, analysts from BB&T Capital Markets said. "If Horizon Lines cannot refinance its debt obligations, which come due in 2016,...
- K+N's container traffic growth is twice that of global market
Kuehne + Nagel posted a market-beating increase in container traffic, but the strong Swiss franc restrained growth in the global forwarding and logistics group's second-quarter earnings. Earnings before interest and taxes rose 4.6 percent to 206 million francs ($230.7 million) from 197 million francs ($220 million) in the first three months...
- Intermodal shippers face rocky peak season
Six months after the most disruptive winter for North American supply chain interests in recent memory, the upcoming summer-fall period is shaping up as the intermodal peak season of shipper discontent. The makings are there for a perfect storm of rail delays in the summer-fall peak season, although analysts doubt shippers...
- China Shipping joins Alibaba in e-commerce logistics platform
China e-commerce giant Alibaba will partner with state-owned China Shipping Group to set up an integrated and cross-border logistics platform to support the rapid growth of Internet shopping on the mainland. "The Future of International E-Commerce" infographic from Asendia. Full-size image China Shipping Network Technology (CSNT), a provider of transport information products and subsidiary...
- Surge in demand boosts Hong Kong air cargo
Robust demand out of Hong Kong and China in June saw cargo and mail carried on Cathay Pacific and Dragonair growing by 15 percent year-over-year. The two airlines carried 140,444 tons of cargo and mail last month, and despite a 10 percent increase in capacity, the revenue earned per flown kilometre...
- India's 2014 budget proposes awarding of 16 port contracts
The Indian government has announced plans to award 16 new public-private partnership port development contracts at major ports during the current fiscal year (2014-15), which ends on March 31, 2015. The announcement was made by Finance Minister Arun Jaitley in his budget plan for 2014-15, presented to the parliament on July...
- Japanese duo to buy stake in Chinese logistics property developer
A consortium of Japan's Mitsui & Co. and Mitsubishi Estate Co. has agreed to acquire a significant stake in a logistics facility developing subsidiary of Beijing Properties (Holdings) Ltd. Mitsui and Mitsubishi Estate said they will take a 35 percent stake in China Logistics Infrastructures (Holdings) Ltd. by acquiring new shares...
|JULY 14, 2014|
- And then there were two
Maersk Tankers has parted ways with nearly all of its crude carriers under a broader bid to exit the segment but still boasts a pair of VLCCs on bareboat charter.
- Four charged over sinking
Owner and captain among those facing manslaughter trial following Vanuatu ferry tragedy.
- Shake-up for ULTR
South America's Ultrapetrol could sell off its ocean-going fleet after a shake-up of top management.
- Cosco purges continues
China Cosco Holdings Co has revealed it has scrapped eight more elderly vessels.
- Concordia refloated
The wreck of the Costa Concordia has been refloated as salvors prepare to tow it to Genoa for scrapping.
- Suezmax in clash
One man has been injured after a Frontline suezmax was in collision with a fishing vessel off France.
- Boustead buying yards
Malaysia's Boustead Heavy Industries is planning to buy two more shipyards.
- Otto backlog builds
Singapore's Otto Marine has secured charter contracts worth $404m in the first half of 2014.
- Solbakken stocks up
Lars Solbakken has topped up his holding in Aker-backed shipowner Ocean Yield.
- Widget revolution
Maersk Tankers is lowering the cost of ordering spare parts by printing them in 3D mid-ocean.
- MISC's mothership
A Malaysian "mothership" is to be stationed off the east coast of Sabah to battle pirates.
- Champion Tweeter
Micky Arison on the ball as the World Cup Final comes to an end.
- Star deal done
Star Bulk has rubber-stamped a merger with Oceanbulk to create the largest dry cargo owner listed in the US.
- Scandlines picks Fayard
Scandlines will complete two ro-pax newbuildings at Denmark's Fayard.
- Bestway wins liftboat
China's Bestway Marine Engineering Design has won an order for a new liftboat.
- Three hurt in fire
Three seafarers have been injured in a fire on a KLC bulker at Port Hedland in Australia.
- Aurora LPG under siege
Aurora LPG says it has been subjected to a hostile takeover offer, but the attempt looks to have had little success.
- Moresby 9 cargo stolen
The cargo of a small product tanker hijacked in the South China Sea last week has been stolen, authorities have confirmed.
- OOCL looks to appeal
OOCL looks set to contest the recent verdict in France over the death of company director Courtenay Allan.
- Volume spike forecast
US imports are expected to reach five year highs in July as suppliers look to avoid disruptions caused by potential industrial action.
|JULY 14, 2014|
- House, Senate try similar steps to replenish Highway Trust Fund
Action is necessary because the account for highway user fees is expected to reach a zero balance by the middle of August as the shortfall between gas taxes and projected highway spending increases.
- 2M Alliance will be filed with China's Ministry of Transport
"This is a pure VSA, and VSAs of this type are only filed with the MOT; that is what we are seeing. That's where they get filed, not with MOFCOM ," said Michael Christian Storgaard, a spokesman for Maersk.
- Chiquita signs deal to remain in Delaware Port
- Amazon petitions regulators for drone testing clearance
When Amazon's drone-delivery plan was announced last year, many industry efforts derided the move as a stunt or said that Amazon couldn't possibly get approval in time for its expected 2015 launch of the program.
- Cathay Pacific sees strong June
- UP adds Milwaukee to ongoing investment projects
- TQL opens office outside Mobile
- Draymen put brakes on LA/Long Beach protest; ILWU talks continue
Port truck drivers in the ports of Los Angeles and Long Beach said Saturday afternoon that they have agreed to a "cooling off" period requested by Los Angeles Mayor Eric Garcetti.
- China Shipping and Alibaba team up
Analysts have characterized the deal as China Shipping Group's attempt to move into the last-mile delivery market, a fragmented and loss-making industry in China.
|JULY 14, 2014|
- IFO prices start week soft in Fujairah
Mixed price outlook in South African ports.
- Prices set soft trend across Europe
Market report quiet in Rotterdam.
- Reilly quits Chemoil
Chemoil CEO no longer at company.
- WFS acquires jet fuel supplier
Move will expand our presence in aviation sector, says Kasbar.
- Asian prices resume downward path
Stable supplies reported at all key regional ports.
- Small-scale LNG bunkering player enters Belgium market
Company has completed first LNG supply operations.
- Soyuz Bunkering expands ARA operations
Firm adds bunker grade to product portfolio, while chartering another bunker barge.
- Bunkering rules eased at Russian Far East port
Individual licences no longer required.
- Update: 2,000 mt of MGO stolen from hijacked tanker
Nine armed robbers boarded the Moresby 9 on July 5.
- STS operator mulls offshore bunker storage expansion
Firm one of two mooring STS operators in Johor approved by the Marine Department of Malaysia.