|NOVEMBER 19, 2014|
- Hong Kong port down 3.5pc in October to 1.79 million TEU, Singapore up 5.2pc
- MOL lost little from Comfort sinking, but can make money from lawsuit
- ILWU go-slows continue, refusing dockers in Los Angeles and Long Beach
- Long Beach opens 30-acre empties park to ease crisis, LA mulls idea
- OW Bunker bankrupty shakes up Singapore world's biggest ship fuel market
- Low-sulphur fuel laws may divert cargo away from northern Europe
- DP World hopes to delist in London, buy Jebel Ali FEZ for US$2.6 billion
- UASC boosts efficiency of new mega ships with Jotun advanced antifouling
- Free Ebola training video for seafarers as preventative measure
- APL refuses India-Manila shipments due to worsening congestion
- Canadian full truckloads to US increase 70pc as American economy recovers
- Cathay and Dragonair's cargo volumes rise 14pc in October
- Leading cargo airlines worldwide post mixed third quarter results
- FedEx forecasts record 8.8pc Christmas volume rise to 290 million shipments
- Volga-Dnepr flies urgent aid to Iraqi refugees from Switzerland
|NOVEMBER 18, 2014|
- BCHAA's new Managing Committee holds first get-together
- CaroTrans addresses US West Coast supply chain risk with alternative routing options
- Maharashtra leads with 25 pc representation in Indian delegation at Hannover Fair 2015
- KoPT gets 10 bids for Haldia cargo handling
- Major Ports see spike in shipping fuel demand
- Ministry of Shipping's guidelines for priority berthing of coastal vessels at Major Ports
- India, S. Korea sign MoU for railway development
- Ruscon looks to double service from the Russian Pacific to Moscow
- India looking to check import of Chinese goods
- Indo-US pact for infra development
- INR eases further against dollar
- Adani signs MoU with SBI for $ 1 bn loan for key infra project in Australia
- Govt to set up industrial corridors' body
|NOVEMBER 19, 2014|
- Quehenberger to the rescue in hometown
- Debut for new logistics and production professor
- Incentives for Indonesia's shipbuilding industry
- Geodis Wilson opens new oil and gas logistics hubs
- Road charge hike in Czechia
- Virgin Atlantic Cargo gives customers e-booking choice
- Long Beach says cargo numbers flat in October
- UTi schedules B747 charters for urgent transpac needs
- NS to pick up D&H tracks
- Traffic continues to increase at world's foremost cargo...
- ECAir boss next president of Afraa
- A wealth of new owners for Rotterdam rail terminal
- ECS Group goes shopping in Scandinavia
- Einfach zu handhaben
- Cape Town offers GAC Pindar unique logistics challenge
- First 19,000 teu leviathan named in Ulsan
|NOVEMBER 18, 2014|
- US dam dredging would cost billions
Dredging buildups of oxygen-depleting sediment near three US dams would cost billions of dollars, a government study has concluded. A three-year, $1.4M assessment conducted by the US Army Corps of Engineers analysed the movement of the sediment through a series of three hydroelectric dams located
- Chemical Tanker first to combine duplex stainless and stainless-clad steel
The chemical tanker, Sunrise Hope (12,500dwt) is world's first to use a combination of duplex stainless steel and stainless clad steel in construction of its cargo tanks. The ship has recently been delivered to Hiro Naviera by Usuki Shipyard. Class NK says: "On the Sunrise Hope, duplex stainless
- LNG-fuelled gas carriers for Teesport service named
Two new liquefied natural gas (LNG)-powered chemical tankers Coral Star and Coral Sticho were named on Teesside recently. Operated by shipowner Anthony Veder, the new ships will carry liquefied ethylene gas (LEG) from SABIC's Wilton facility on Teesside to manufacturing plants in North-West Europe
- Hong Kong's container volumes fall again
Hong Kong's container volumes fell for the fourth consecutive months in October 2014, down 3.5% year on year to 1.785M 20-foot containers, according to the Hong Kong Port Development Council. The year-on-year drop in October 2014 was followed by the decline of container volumes in three months -
- Australia and China agree free trade deal
Australian dairy, meat, grain, wine and mine exports are set to benefit from the Australia China Free Trade Agreement reached this week. China, meanwhile, will benefit from fewer restrictions on foreign investments. Speaking with IHS Maritime, Rod Nairn CEO of Shipping Australia said that the deal
- Bohai Leasing's trading suspension extended
Shenzhen-listed Bohai Leasing announced last week that it extended the suspension of its stock trading until 28 November due to the acquisition of Cronos. Bohai Leasing, a subsidiary of HNA Capital, this year signed a memorandum of understanding (MoU) in July with Cronos Holding Company of Bermuda
- Zero tariffs for Australian exports by 2019
China and Australia have entered into a free trade agreement (FTA), promising billions of dollars for Australian exporters. "Up to 95% of our exports over time will enter the Chinese market tariff free," parliamentary secretary to the Australian prime minister, Josh Frydenberg said on Sunday. The
- Singapore's XMH to acquire 80% stake in Z-Power
Singapore-listed marine engine solution provider XMH Holdings (XMH) has entered into a sale and purchase agreement worth around SGD12.8M ($9.86M) for the 80% equity stake of Z-Power Automation (Z-Power). The acquisition will allow XMH to expand its core businesses to include the supply of Z-Power's
|NOVEMBER 18, 2014|
- Study: Maritime traffic up 300% since 1992
- Wärtsilä to design, equip Mid East's first LNG harbor tug
- HHI to deliver world's largest containership
|NOVEMBER 18, 2014|
- Robert Hyde stepping down as Port of Anacortes director
- Crowley nets second contract for LNG delivery to Puerto Rico
- Port of Los Angeles sees gains in container moves for October
- Landry named to second term on Port Metro Vancouver board
- Georgia Ports Authority announces October freight numbers
|NOVEMBER 18, 2014|
- Lloyd's List Middle East Awards hail Drydocks World for outstanding performance
Head of classification society Tasneef is top newsmaker and Topaz best ship operator
- Irish eyes are smiling as box volumes rise 9%
Revived business confidence delivers highest quarterly container growth since 2007
- Will container shipping recover after 2016?
Adding larger boxships to a weak market creates a vicious circle, Asian Logistics and Maritime Conference hears
- Stolt-Nielsen buys back $50m of its shares
Chemtanker owner's buy-back programme consists of 3.1m shares
- CSAV says Hapag-Lloyd merger is on target
But the Chilean carrier needs Mexico and China to approve the deal
- Hyundai Heavy Industries names the world's largest boxship
The shipyard will deliver the 19,000 teu CSCL Globe later this month
- Top shippers endorse CI findings on cargo declarations
Global Shippers' Forum says our survey confirms its own policy approach
- Opec production cut on the cards but credibility is the issue
Move to buoy up oil prices comes as global economy evokes memories of the crash of 2008
- North P&I announces a 4.75% premium hike
Claims environment challenging, argues Shirke
- Maersk halts Benghazi calls
Fighting around Libyan port prompts Seago, Hapag-Lloyd and CMA CGM to cut their services
- Aframaxes in the Med hit staggering earnings of $85,300 per day
Highest daily earnings on the cross-Med route since January
- Bayside mulls chemtanker IPO
Investment firm owns six vessels with orders for further 14
- Cheap Chinese billets continue to drive down demolition prices
Markets in Pakistan and Bangladesh have proved more resilient than India
- Hapag-Lloyd adds US west coast congestion charge
German carrier joins CMA CGM and Hanjin in implementing a charge for cargo being transported via west coast ports
- UK shipping minister explores state aid for shipowners facing higher fuel bills
Hayes pledges to fight Brussels' red tape threat to UK port competitiveness
- Angola LNG should resume exports by late 2015
As maintenance continues, managers shift their mid-2015 restart target to year-end
- Maersk Line returns to Southampton
Alliance shake-up results in Danish carrier returning to the south coast UK port for the first time since 2010
- US farmers urge Obama to intervene in US west coast crisis
Port congestion endangering US economy, warn exporters of agriculture products in call for federal mediation
- Will US LPG exports weather the winter?
A cold front at home could cut overseas gas shipments
- Newbuildings drive Scorpio Bulker share deal
Analysts say deal dilutes net asset value but also resolves important finance issues
- Mediterranean mega hubs continue to reap the rewards
Boom in transhipment behind surge in container traffic
- FMC warns lines over congestion surcharges
Agency reminds carriers of the 30-day rule
|NOVEMBER 18, 2014|
- US truck tonnage rebounds on retail, manufacturing growth
A key indicator of trucking activity in October rebounded, thanks to an uptick in retail and manufacturing business. The seasonally adjusted for-hire truck tonnage provided by the American Trucking Associations rose 0.5 percent in October, after shrinking 0.8 percent between August and September. Tonnage in October was up 3.2 percent compared...
- Yusen Logistics expands in Vietnam
Yusen Logistics has opened a new warehouse in Vietnam's Hai Phong City to tap growing electronics and auto manufacturing production in the country's northern region. The 129,166-square-foot warehouse is located on a logistics campus on a 1,076,391-square-foot plot in Hai Phong's Dinh Vu Industrial Zone, which also includes a 256,934-square-foot empty...
- Carriers backtracking on West Coast port congestion surcharges
At least seven carriers have suspended newly announced port congestion surcharges on cargo heading from Asia to the U.S. West Coast, likely resulting from fierce importer pushback and U.S. regulatory scrutiny. CMA CGM, Evergreen Line, OOCL and U.S. Lines announced the suspension of port congestion surcharges today in customer advisories, and...
- Teamsters expand LA-LB strike effort to target intermodal rail
The Teamsters union Tuesday expanded its organizing efforts in Southern California to include drayage companies that service the intermodal rail sector, but striking drivers didn't hamper cargo movements. Justice for Port Truckers, which is affiliated with the Teamsters, began picketing Pacer Cartage and Harbor Rail Transport at the Union Pacific Railroad...
- Port of Philadelphia receives 16 proposals for long-delayed cargo complex
The Philadelphia Regional Port Authority said it has received proposals from 16 potential investors in one or more parcels at Southport, a waterfront site where the port authority hopes to develop cargo-handling facilities. The port authority solicited proposals from about 200 potential investors for possible public-private partnership in part or all...
- Two global logistics firms to tap e-commerce demand in Tianjin via new facilties
Two global logistics companies will set up shop in the Goodman Group's newly-constructed Xiqing Logistics Park in Tianjin, reflecting the demand for modern warehousing to serve booming Chinese e-commerce business. DSV Global Transport and Logistics will lease 12,000 square meters (about 13,000 square feet) to serve international building materials manufacturer Rockwool....
- Trucking research group, DOT team to to study truck 'platooning'
Technology that could eventually link trucks in virtual "road trains" will be studied by the American Transportation Research Institute and two Department of Transportation research teams, the research arm of the American Trucking Associations announced this week. ATRI and the DOT researchers will study the costs and benefits of Driver Assistive...
- NITL: Congested ports, higher costs, 'degraded' service hurting shippers
FORT LAUDERDALE, Florida - Supply chain disruption caused by delays from congestion, chassis shortages and labor slowdowns at West Coast ports is trickling inland, shippers at the National Industrial Transportation League's annual conference here say. That's forcing shippers to rethink how they move goods to and from the ports and even...
- NS could improve Northeast intermodal service via proposed acquisition
Norfolk Southern Railway's proposed purchase of 282 miles of track in Pennsylvania and New York could allow the railroad to make much-needed improvements to its intermodal service. NS yesterday announced its plan to buy the portion of the Delaware & Hudson Railway Co. line running between Sunbury, Pennsylvania, and Schenectady, New...
- Ghana port to triple capacity with $1.5 billion expansion
At the completion of Tema's four-year expansion, it will have the largest container capacity of any West African port, the GPHA says.A $1.5 billion expansion to Ghana's port of Tema will make it the largest port in West Africa and allow it to reduce congestion driven by robust growth, the...
- Agriculture shippers urge Obama to resolve West Coast disruptions
U.S agriculture shippers yesterday urged President Obama to "intervene personally" by bringing in a federal mediators to help reach a U.S. West Coast labor contract deal and end slowdowns at West Coast ports. The Agriculture Transportation Coalitions said U.S. West Coast port disruptions are having a "disastrous" impact on U.S. exports,...
- Port of Virginia improves financials but says congestion still needs to be cut
The Port of Virginia reported its seventh operating profit in eight months amid record volume in October, but CEO John F. Reinhart said more work is needed to reduce congestion and improve operations at terminals. The Virginia Port Authority's $314,000 operating profit for the month compared with a $1.5 million loss...
- NY-NJ port works to avoid repeat of last winter's gridlock
The Port Authority of New York and New Jersey has issued a winter plan that includes measures to speed snow clearance, coordinate terminal closings and provide guidelines for extensions of free storage time. Port officials hope to avoid a repeat of the gridlock that resulted last winter when the East Coast's...
- No quick fix for shipper woes in Washington, NITL's Carlton says
FORT LAUDERDALE, Florida - From the National Industrial Transportation League's headquarters in Rossyln, Virginia, Bruce Carlton enjoys a sweeping panorama of downtown Washington from the Key Bridge and Georgetown to the Washington Monument. He sees plenty of activity from his window, but not a lot of movement on legislative issues. When...
- Technology now is the key differentiating factor in logistics, XPO's Jacobs says
FORT LAUDERDALE, Florida - When Bradley S. Jacobs thinks about technology and the future of transportation, he thinks big. The CEO of XPO Logistics believes autonomous driverless trucks and three-dimensional printing will change the way goods are produced and shipped within the next few decades, utterly changing global supply chains. But...
- Indian merchandise exports fall for first time in seven months
Full-size imageIndia's global merchandise exports in October fell for the first time in seven months on a year-on-year basis, primarily due to a sharp decline in engineering shipments, according to provisional government statistics. Exports in October fell 5 percent from a year earlier to $26.1 billion, according to the Ministry of...
- Nehru port shippers to face new data user fees next year
Jawaharlal Nehru Port Trust (Nhava Sheva), India's largest container handler, received the regulatory go-ahead to levy a new user fee to fund its "logistics data bank" project, a data processing center to track the movement of containers. Port regulator Tariff Authority for Major Ports last week passed an order allowing the port...
|NOVEMBER 18, 2014|
- Down to the wire for DRYS
DryShips appears to have emerged victorious in its crusade to refinance convertible notes that mature in less than two weeks.
- Hold the applause
A diversified Greek operator has sealed what appears to be a lengthy extension for a fixture involving one of its VLCCs.
- FREE plots split
Greek bulker operator FreeSeas appears to be gearing up for a campaign to resuscitate its stock price.
- Crowley opts for barges
Crowley Maritime intends to use tugs and barges to transport containerized LNG from the US to Puerto Rico on behalf of subsidiary Carib Energy.
- Genco bulker detained
A handymax bulker controlled by Genco Shipping & Trading has landed on the US Coast Guard's latest list of port detentions.
- North P&I opts for 4.75%
A 4.75% general increase is to be required by the North of England Club, the second largest of the protection and indemnity mutuals at the 20 February renewal.
- Stolt in $50m buyback
Norway's Stolt-Nielsen has launched a share buyback programme which could see it purchasing up to $50m of its own common stock.
- OW effect spreads
Demand for bunkers in India has risen 25% as prices rose in Singapore following the collapse of OW Bunker.
- Platou: Maersk too negative on oil
AP Moller-Maersk is being too conservative about the benefits of a lower oil price for its business, RS Platou Markets says.
- Murmansk falls to loss
Murmansk Shipping Company (MSCo) has posted a negative result in the first nine months.
- Fredriksen eyes clear lead
John Fredriksen has set his sights on dry cargo dominance on Wall Street after the merger of Golden Ocean and Knightsbridge Shipping.
- Greek vessel rescues 230
A Greek-flagged vessel saved 230 immigrants during two separate operations in the Mediterranean last week.
- Harms deal torn up
A group of Hamburg KG companies has terminated the management contract for eight anchor-handlers, six of which are involved in an ongoing battle over their sale.
- Restis takes Ulstein twins
Victor Restis-backed Golden Energy Offshore has secured the management of two platform supply vessels (PSVs) ordered speculatively by Norway's Ulstein family.
- ABG posts heavy loss
India's ABG Shipyard has reported a loss of INR 1.73bn ($28m) in its second quarter.
- Zim suspends LA service
Anti-Israel protests in the US west coast over the last few months have resulted in Zim suspending its operations at the port of Long Beach.
- Bayside unveils fleet
Bayside Capital, a unit of HIG Capital, has quietly built up a stainless steel chemical tanker fleet worth $800m which it plans to expand further before possibly going public.
- Sealink profit down
Sealink has seen its profit pulled down during the third quarter as revenue from its shipbuilding and chartering divisions eased.
- DNB sees tanker price rise
Crude tanker prices could rise by over 40% with older vessels experiencing the largest improvement, DNB Markets says.
- Tidewater drafts PWC veteran
Offshore shipowning power reveals Richard Paterson has joined its board.
- HIT settles debt
The parent of Indonesian tanker owner Humpuss Intermoda Transportation (HIT) has cut its stake to repay a $140.9m debt to a Greek fund.
- PDZ starts with loss
Malaysia's PDZ Holdings has fallen to a loss in the first quarter as volumes decreased.
- MOL loses A rating
High debt and concerns over its low profitability have led Rating and Investment Information (R&I) to downgrade Mitsui OSK Lines.
- Stena to axe 1,000
Sweden's Stena group is planning to cut 1,000 jobs as it eyes cost savings of SEK 1.5bn ($203m).
- Land of the giants
Hyundai Heavy Industries is close to handing the largest containership afloat to a division of one of the biggest shipowners in the business.
- HMD cashing Posco stock
Hyundai Mipo Dockyard is set to cash in its chips in Posco.
- Bain teams with Branson?
US private equity group Bain Capital has reportedly agreed to become the major shareholder in Richard Branson's new cruiseship venture.
- Cochin curtailed
Higher finance costs and lower revenue have pulled down Cochin Shipyard's interim profit.
- Bunker tankers busted
Singapore's assurances that the OW Bunker bankruptcy would not result in any disruptions in its ability to supply fuel could be tested as unpaid suppliers chase after more bunker barges operating out of the city state.
- Biggest boxship coming?
A Korean designer is about to start work on developing the world's biggest containership.
- PSL fends off suppliers
Precious Shipping has taken legal action to avoid the arrest of two of its ships which were supplied by OW Bunker, TradeWinds has learnt.
- GREE seals DVB loan
Greenship Bulk Trust has secured new funding from DVB Bank (Asia) to help finance two ultramax bulker newbuildings.
- LA volumes head higher
Port of Los Angeles has reported a 4.6% year-on-year growth in container volumes despite major congestion issues.
- Vroon gets greener
Vroon has sought to improve the fuel-efficiency of two of its modern car carriers following recent dry-dockings in China.
- All eyes on OPEC
Fears that the Organisation of Petroleum Exporting Countries (OPEC) will order members to cull production when it meets later this month appear to be unfounded, a leading analyst told investors Monday.
- Mermaid takes Windermere
Mermaid Maritime has confirmed that it is behind the charter of Miclyn Express Offshore's (MEO) latest acquisition.
|NOVEMBER 18, 2014|
- NEWSFLASH: White House expresses confidence in port bargaining process
- Newsflash: Farmers ask for Obama's help in ending port crisis
- Drayage driver strike spreads to more companies, rail terminals
- Southern California ports report increase in imports, decline in exports
- Crowley delivers LNG to Puerto Rico pharma firm
- DHL rebrands Global Mail
- Chit Chat Group and Atlas Logistics Network form Americas partnership
- Yusen expands Vietnam footprint
- Goodman promoted to head Livingston GTM operations
- Shippers push back against congestion surcharges
- Tight capacity producing favorable pricing environment for truckers, brokers
- Ex-Im Bank chief touts U.S.-made exports in India
- NS expands Northeast presence through track acquisition
|NOVEMBER 18, 2014|
- Retrofit to make LNG ferry more eco friendly
Norwegian vessel to be the first LNG hybrid ferry to operate on commercial routes.
- Tests show hybrid ferry reduced fuel use, emissions
Vessel fitted with Corvus' lithium polymer batteries.
- OW invoices: Danish lawyer warns against hasty moves
'Right now the carriers risk paying the same bill three times.'
- Denmark supports reducing flash point limit
Submission to this week's IMO meeting points to FOBAS study suggesting lowering the threshold would be safe.
- Aegean Marine: OW related debt 'grossly overstated'
Bunkerworld publishes correction to figure stated in earlier story.
- Wartsila lands Dubai 'eco'-tug contract
Newbuilding part of green push by city state.
- Swedish tanker company snaps up two OW tankers
Says OW was 'its biggest competitor' for operating tankers of this size.
- Dynamic Oil Trading files for liquidation
KPMG has now been appointed provisional liquidator for both OW's Singapore subsidiaries.
- Monjasa: limited impact from OW bankruptcy
Industry must learn from 'sad' experience.
- OW owes industry players 'at least $730 million'
Global debts, including those to banks and pension funds, could top $1.5 billion.
- Bunker tanker arrests climb in Singapore
US oil firm moves against vessels.
- Shipping firm brings OW, bunker suppliers to court
Supplies came from Singapore-based marine fuel companies, spokesman confirms with Bunkerworld.
- UAE bunker supplier hires former OW trader
'We will adjust to the situation and support our friends from OW Bunker the best we can.'
- Monjasa founders start new shipping company
African Sprinter Shipping founded on November 1, 2014.
- Bunker-saving device nearing market debut
Developer expecting 'definitive results of fuel savings' from latest sea trials.
- Hong Kong: Industry aligns to new market dynamics
OW Bunker collapse has affected 'confidence and trust'.
- France questions proposed LNG fuel tank regulation
Safety restrictions on single tank size could make LNG economically unattractive for ferries and cruise ships, IMO meeting hears.
- Hong Kong traders expect fuel demand to rise
As shipowners divert from Singapore.