|MARCH 17, 2014|
- Los Angeles February container volume falls 9.1pc to 431,738 TEU
- MOL, RCL upgrade intra-Asia network with Singapore to Yangon feeders
- APMT achieves 3pc higher throughput globally to 36.3 million TEU
- Tangshan Customs to expand the scope of paperless customs clearance
- China needs to set up systematic road logistics operation network
- New Zhuhai-Macau border checkpoint gets approval
- Anhui's Chizhou to accelerate construction of express logistics parks in 2014
- China allows class B shippers to apply for one-stop customs clearance
- Box Ships posts 4Q earnings of US$3 million, as revenue falls 4.5pc
- Kuehne + Nagel to manage Samsonite's distribution in Australia
- Old Dominion opens New York facility, Newburgh Service Centre
- Lufthansa Cargo chief becomes airline CEO, Gerber new cargo head
- Council set up for Singapore's new air traffic mgt research institute
- Arizona's Phoenix Sky Harbour airport posts strong volumes in January
- AAR deliver 2,600 ULDs to Turkish Airlines to add to 2,000 in operation
|MARCH 17, 2014|
- Jan de Rijk Logistics doubles intermodal activity
- BBC joins Shipping Australia
- Spain and Southeast Asia exchange information
- Skycargo starts freighter service to Tunis and Abidjan
- Norbert Dentressangle UK invests in drumming service
- Germany honours Evergreen's Y F Chang
- Pall-Ex searching for partners in Czechia and Slovakia
- Finnair expands cargo capacity to fastest growing market
- Sales team enlarged
- DB Schenker Italy lands Expo 2015 contract
- Haropa awards "green calls"
- Two new European fuel cards for hauliers
- India to double wide-body fleet before 2032, says Airbus
- «Der Winner ist PSA»
- New commercial director for Easypack
|MARCH 14, 2014|
- Shipping losses continue to decline
- Damen completes six vessel PSV series
- Rand Logistics to reflag, convert Danish tanker
- AMSC eyes more Aker Philly newbuilds
- Bale&agrae;ria to install ABB energy management package
- Telemedicine service puts a virtual ER aboard ship
|MARCH 14, 2014|
- Coos Bay short line railroad named top performer for year
- NYK reefer vessel rescues pair of stranded yachtsmen
- International Trade Administration nets boost in 2015 budget numbers
- Port of Everett taps Nuccitelli as manager of property portfolio
- US rail freight traffic totals see both sides of ledger during week
|MARCH 14, 2014|
- Tensions in Ukraine could increase Europe's LNG import spend by 20%
Increasing shipments would be a costly way to offset a loss of piped Russian gas, say experts
- Mitsui OSK Line plans $8.5bn investment in 60 LNG carriers
EXCLUSIVE INTERVIEW: Japan shipping giant harnesses stronger tonne-mile demand
- Pioneer Marine raises just $75m from Norway IPO
Disappointing result for dry bulk specialist that had set itself a $150m-$250m target
- Newbuilding orders run a real risk of undermining product tanker sector
Fresh data says out-of-hand levels of bookings threaten segment's mid-term prospects
- Crimea breakaway could benefit Ukraine grain ports
Split could boost exports from Black Sea hubs Odessa, Nikolayev and Kherson
- Maersk Line and APM Terminals agreed 2013 dedicated capacity deal
Free to read: Skou confirms efficiency-boosting agreement became formal last year at strategic ports
- Ukraine latest: shipping risk analysis
US LNG exporters benefit from energy security fears over Russian gas, while Ukraine port could secure more grain trade should Sunday's secession vote in Crimea prove successful
- STX O&S reports $3.7bn net loss for 2013
Production delays and asset writedowns contribute to shipbuilder's loss
- Asia to Europe rates slide again
Free to read: But carriers manage to increase transpacfic spot market prices
- Get tough on SOx rules enforcement
Inaction by member states to deter non-compliance undermines regulatory process
- Fredriksen shake-up and APM Terminals' $1bn profit target
This week's most-clicked stories on Lloydslist.com
- A DIY approach to regulation
The P3 Alliance shows why the consortia block exemption has to go
- Data Hub: Reefer box update
Predictions that market will be stronger and more stable than last year
- Yamal LNG could be hit by Ukraine-Russia crisis, says Daishin Securities
But other analysts downplay the risk to start-up Arctic gas export project
- Teekay subsidiary expands its IPO after positive interest in Oslo
Tanker Investment Ltd will raise its offering to $150m-$175m
- Georgiopoulos makes $735m offer for seven Scorpio VLCC newbuildings
New York owner sees off several rival bids as interest grows in larger tankers
- Taming the oceans
Smart new designs protect crew and cargo on ever-bigger ships from storms and high seas
- Paragon slips into the red for fourth quarter
Company remains upbeat on market as it expands and modernises fleet
|MARCH 14, 2014|
- Tallink's February figures reveal upswing trend
Tallink's Finland-Sweden route year on year figures for last month showed losses with passenger, vehicle and cargo transport at -7%, -5% and -20% respectively
- Finns re-think sulphur subsidy
Finland's shipowners will be able to apply for subsidies to convert their vessels' fuel systems this year with €12.6M ($17.53) set aside in the state budget, in a second round of handouts for 2014
- Russian freighters report Ukraine ops as normal
The political turmoil in Ukraine has so far not had a measurable impact on commercial cargo movements between Ukraine and Russia
- STX O&S capital impaired by half
Troubled South Korean shipbuilder STX Offshore & Shipbuilding today confirmed that its capital has been impaired by more than 50% after posting its worst annual results
- Indonesia gets tough on crew trafficking
One crewing agent is in court and several others face prosecution for alleged human trafficking of Indonesian crew for Taiwanese long-line fishing vessels
- Hanjin Shipping in restructure
Hanjin Shipping Holdings said today it would spin off the core shipping business, Hanjin Shipping, and merge it with its brand management business
- Indonesian shipowners association backs CIF
The Indonesian National Shipowner Association (INSA) has reacted positively to the implementation of handling cargoes on a cost, insurance and freight (CIF) basis
- Lull seen for chemical tankers
Chemical freight rates are expected to go through a quiet season due to an expected slowdown for 2Q14
- Changhang Phoenix downsizes
Shanghai-listed Changhang Phoenix, the carrier at the edge of delisting, announced yesterday that it will continue to cut down its payroll to less than 1,000 staff in the first half of this year
- Ferry hits terminal in Macau
Three passengers were hurt when the ferry they were travelling in hit a pier in Macau as it was berthing yesterday
- Yinson Holdings poised to be global floater operator
Malaysian offshore oilfield service provider Yinson Holdings is in a position to become a global FPSO and FSO player, said AmFraser Securities
- Asia proves hotspot for marine loss
Asia experienced the highest number of marine losses and continues to be an area of focus, said a report released by insurer Allianz
|MARCH 14, 2014|
- Vancouver Truckers Review 14-Point Action Plan
Union and non-union truck drivers at Port Metro Vancouver today were reviewing the 14-point action plan that was recently developed with assistance from the Canadian federal government and British Columbia provincial government, but the striking truck drivers were showing no indication of returning to work. Truck traffic at Canada's largest port...
- Should the US Government Fund Deeper Harbors?
There were no real losers among U.S. South Atlantic and Gulf ports that have ambitious expansion plans under the Obama budget released last week. True, the budget does create another delay in the timetable for deepening Georgia's Savannah River to 47 feet because it does not allow the Army Corps of...
- Air Express, E-Commerce Lift Deutsche Post DHL
DHL Boeing 757The world's largest transportation and logistics company is getting larger as demand for e-commerce, time definite international express delivery and supply chain services drives up revenue and profit at Deutsche Post DHL. The German logistics giant increased revenue 3 percent last year from 2012 to €55.1 billion, or about US$77 billion...
- CN Obtains Injunction Against Striking Vancouver Truckers
Containers at Port Metro VancouverCanadian National Railway today obtained an injunction against striking union and non-union truck groups that will prevent their drivers from blocking access to the railroad's intermodal terminal serving Port Metro Vancouver. British Columbia Supreme Court Judge George Macintosh granted the injunction prohibiting United Truckers Association and Unifor-Vancouver...
- Mexico Rail: Major Overhaul or Moderate Reform?
Kansas City Southern de MéxicoChange is coming to the Mexican freight rail industry, but it's too soon to determine whether the push for reform will lead to a major overhaul or something much more moderate. Shippers will get a better idea in the coming weeks as the Mexican Senate is expected...
- Truck Driver Turnover Rate Drops, But Not Much
Truckload carriers kept more of their drivers on payroll in the fourth quarter, but driver turnover at large truckload carriers remains high, according to the American Trucking Associations. The ATA quarterly driver turnover rate for large truckload carriers dropped to 91 percent in the fourth from 97 percent in the previous...
- Snow Storms Hit Port of Virginia's Container Volume
Port of VirginiaThe Port of Virginia said repeated snow storms and the subsequent congestion and lost work days in February resulted in continued operating losses and affected container traffic, even though TEU volume was still up 6 percent year-over-year. Port drayage operators have intensified complaints in recent months about congestion at the Port...
- SCFI: Asia-US Rates Jump as Asia-Europe Rates Continue to Erode
Shanghai Containerized Freight Index, U.S. West Coast, week ending Mar. 14, 2014. Full-size image Spot container freight rates from Shanghai to U.S. ports saw some implementation of the upcoming general rate increase in the week of March 14. Both East and West Coast lanes saw increases of more than $100 per FEU. Member...
- Officials Announce Plan to End Vancouver Truck Strike
Trucks at Port Metro VancouverThe Canadian federal government, the provincial government of British Columbia and Port Metro Vancouver have announced a 14-point action plan that authorities believe will end the two-week strike by harbor truck drivers that has reduced truck traffic to 15 to 25 percent of normal levels. Implementation of...
- Nicaraguan Official Discusses Possible Canal Routes
Lake NicaraguaManuel Coronel Kautz, the president of the Nicaraguan Canal Commission, is deep into planning a proposed new canal connecting the Atlantic and Pacific oceans. He recently announced, for example, that the long-proposed canal route up the San Juan River, along the Costa Rican border, is the unlikely option of...
- India's Exports Unlikely to Meet Annual Target
India's exports shrank for the first time in eight months in February on a year-over-year basis, but the ongoing deceleration in imports of goods pulled the country's trade deficit down to its lowest level since last March. Year-over-year changes in the value of India's imports and exports in the last 12...
|MARCH 14, 2014|
- CMA survival guide
In just two days dozens of shipping's brightest stars will convene in Stamford for the Connecticut Maritime Association's (CMA's) annual conference and exhibition at the Hilton hotel.
- Two ships torn free
Two cement carriers broke their moorings in a storm at Kjopsvik in Norway.
- Hat trick for Vard
Norwegian offshore vessel builder Vard has landed its third newbuilding order in the space of a week and a first with a new customer.
- Peter's precedent
Peter Georgiopoulos' swoop for seven VLCC resales from Scorpio Tankers marks the first time in almost three years that a VL has been sold for a nine figure fee.
- Samudera slims down
Samudera Shipping has sold off one of its older tankers.
- Bugbee explains VL sale
Scorpio Tankers is selling its VLCCs newbuildings to return to a pure-play products carrier focus, and not because it -- or others -- have lost faith in recovery of the crude market.
- NewLead seals bulk buy
NewLead Holdings of Greece has signed on the dotted line for pair of handysize bulkers.
- Green cash for owners
Finland's government has allocated EUR 12.6m ($17.5) to shipowners for eco-improvements to their fleets.
- Rand converting tanker
Rand Logistics of the US is buying a chemical tanker to convert into a self-unloading bulker for its Great Lakes fleet.
- $50m for STNG
Scorpio Tankers has recorded a $50m profit on the sale of its VLCC newbuildings it bought only a few months ago.
- Fuels of the future
We take a look at what was said in the market over the past week.
- Steel in the soul
Scroll back just 12 months to the spring of 2013, and opportunities for owners of big crude tankers were less than zero.
- Island piles it high
Norwegian owner Island Offshore has racked up a series charter contracts for its newbuildings worth a total of NOK 1bn ($167.3m).
- AMSC eyes tanker quartet
American Shipping Company (AMSC) could take on contracts for four products tankers being planned speculatively by Aker Philadelphia Shipyard.
- Pac Basin execs bank more
Pacific Basin's top executives saw their pay packets improve last year as the company returned to profitability.
- OLB provisions double
German lender Oldenburgische Landesbank (OLB) has posted a 78% drop in 2013 profit due to the shipping crisis.
- Top two tussle
TradeWinds digests the digits making the headlines this week.
- 'No leak' on con-ro
Canadian experts are due to test an ACL con-ro after a container of nuclear material was dropped six metres on board.
- GMS seals London IPO
Gulf Marine Services (GMS) has raised $111m from its IPO on the London Stock Exchange (LSE).
- STX Offshore in $3.7bn loss
STX Offshore & Shipbuilding has revealed a near fivefold rise in its full year loss to a staggering $3.7bn.
- Cecon fixes newbuild
Norway's Cecon has found work for the first of its three new offshore support ships.
- Page two, twice
Due to a printing error page two of this week's newspaper is the same as last week's edition.
- 'No risk' from hull hole
A New Zealand master endangered no lives as he crossed the Cook Strait with a gash in the side of his vessel, a court has heard.
- Golden goes alone
John Fredriksen's Golden Ocean has bought out Glencore's slice of a capesize bulker the partners purchased together last year.
- Bourgas back up for sale
Bulgaria's Bourgas Shipyards is being sold off in auction lots totalling BGN 47.5m ($33.9m).
- Nigeria's ports plan
Nigeria is plotting seven new deep-sea ports to ease congestion in the country.
- Varun plots way forward
Indian owner Varun Shipping says it surrendered its licence to operate domestically-flagged ships as it eyes a new group structure.
- TIL boosts offering
Strong investor demand has prompted Tanker Investments Ltd (TIL) to increase the range of its offering in Oslo by up to 75%.
- Bulkers win Japan backing
Berge Bulk has secured export credit financing for six handysize bulkers ordered at Japan's Namura Shipbuilding.
- Georgiopoulos pounces
Peter Georgiopoulos has pulled off a surprise buy of the seven-ship Scorpio Tankers VLCC fleet in a cash deal worth some $735m, market sources tell TradeWinds.
- Ezion raises more cash
Ezion Holdings has raised SGD 55m ($44m) from a bond issue to fund its extensive expansion program.
- Morning Glory loses flag
North Korea claims it has severed ties to a tanker that broke through a naval blockade off Libya earlier this week after loading stolen crude at a rebel-held port.
- Paragon posts loss
Greek bulker owner Paragon Shipping posted a fourth-quarter loss Thursday but the deficit does not appear to have disrupted its appetite for expansion.
- DHT pays for early delivery
DHT Holdings is to pay more for two VLCC newbuildings in return for having them delivered earlier than originally planned.
- Global Ship Lease shifts gears
Global Ship Lease (GSL) appears to be gearing up for a campaign to expand its fleet of containerships under a broader bid to secure new sources of revenue.
|MARCH 14, 2014|
- Shanghai Index jump reflects in transpacific rate hike
The Shanghai Containerized Freight Index rose on Friday, reflecting a general rate increase suggested by the Transpacific Stabilization Agreement for March 15. TSA is recommending another increase May 1 for its 15 members.
- Cleveland port OKs maintenance dredging
- Toy industry cautioned about West Coast longshore talks
Hope for the best, prepare for the worst. That's the kind of advice shippers are getting about the West Coast longshore labor situation, and it was mirrored in two notes sent to toy companies this month.
- Crude rail transport up 74 percent in 2013
Domestic Class I railroads carried 407,642 carloads of crude oil during 2013, a 74-percent increase over 2012's result, according to the Association of American Railroads.
- FMCSA publishes on-board recorder rule
The Federal Motor Carrier Safety Administration has published a proposed rulemaking in the Federal Register that would require commercial truckers to install electronic logging devices to monitor the number of hours in each driver's shift.
- WorldWide Alliance adds 9 countries
- Thune supports EU delay of emissions scheme
- U.S.-flag carriers diversify cargo base with Ex-Im Bank commercial freight
- DHL Express puts focus on Africa
- Bloom to step down as INTTRA CEO
- Weekly GRI roundup
|MARCH 14, 2014|
- Fuel prices drop in the Americas
Tight avails reported in Houston.
- Weekly Global Market Report
A weekly price roundup from bunkering hubs around the world.
- Panama Canal expansion dispute over
Construction consortium signs deal to complete work on expansion project.
- Port Metro Vancouver annouces plan to end strike
Will 'ensure fair pay for truck drivers', says port authority.
- First LNG-fuelled cargo vessel starts test voyage in China
Ship due for delivery to owner in June.
- Prices ended week soft in Europe
Congestion reported at Rotterdam.
- Prices stable in Fujairah
Good avails in Durban.
- Port authority to assess inland fleet for LNG
Sees opportunities for local shipyards.
- Society promoting LNG holds first working meeting
Agenda includes safety guidelines for LNG bunkers.
- Japan's bunker sales fell in January
Month-on-month the January sales were 11.8% down.
- Crimea tensions could hit bunker prices
If Russia's role as global supplier of fuel oil is compromised.
- Search for missing airliner 'reveals extent of marine pollution'
'One of the few facts we've learned for certain is that the South China Sea is very, very polluted.'
- Asian bunker market softens
Tight avails reported by some players in Busan and Tokyo Bay.
- Engine failure grounds ferry
Bubbles in ship's fuel lines said to be cause of trouble.
- Middle East bunker premiums to rise: Sources
Lower fuel oil export volumes expected as Iranian refinery closes for maintenance.
- New maritime bills to support Nigeria bunkering sector
Country working towards the revival of its bunkering sector.
- Fuel saving software for ferry operator
System covers dynamic trim optimisation and hull condition monitoring.
- South China fuel oil imports to fall in March
Brightoil to be month's major fuel oil importer.