|SEPTEMBER 22, 2014|
- 2M partners Maersk and MSC sketch out network's routes and loops
- A-E rate sinks to US$908/TEU, transpac hits $2,086/FEU
- First two LNG powered box ships fitted with dual-fuel slow speed engine
- August volume at Charleston, South Carolina up 13pc to 163,970 TEU
- Box Ships earns Sell from Clarkson Capital analysts after first half net loss
- China's 6.9pc factory growth hits 6-year low as calls grow for more stimulus
- CEVA wins 3-year Snap-on Tools UK contract delivering to 400 franchises
- Burgeoning Chinese healthcare market open to FDI, logistics providers
- Dachser buys out 3 partners in 3 Asian countries to expand operations
- Marine Maintenance World Expo to be staged in Brussels October 14-16
- Air China increases Beijing-London service to 2 flights daily October 26
- European airlines drained by heedless, greedy governments: IATA chief
- Early next year, Finnair Cargo to be among first to win Pharma cert
|SEPTEMBER 19, 2014|
- Business as usual in Scotland, says BIFA
- Goodrich Maritime expands horizon, inaugurates Goodrich House in Kandla
- Indus Container Lines celebrates 10th anniversary
- Steady growth seen in global box fleet
- Eurozone exports fall for second month
- ...Customs cooperation pact renewed
- Govt unlikely to lower export duty on iron ore
- Indo-Sino business deals worth $ 3.43 bn signed
- L&T wins contract to build Adam Airbase in Oman
- Pharma exporters to Nigeria to get subsidised warehousing
- US to bring up trade row issue during PM's visit
- Exporters focus on exports, ECGC covers the payment risks
|SEPTEMBER 22, 2014|
- Freight a-going faster over Lockyer Creek
- Battling for market shares
- EcoTransIT and NTM to work in harness
- Wrinkle free for 50 years
- Raising the roof on Luino line
- Port traffic innovator joins PierPass
- Airbus deal with South African providers
- Will 2M have to wait?
- Asian-Pacific airports remain top of the crop
- Medal for trans-Siberian rail proponent
- Pulling together for Central Germany
- More intermodal services in Deep South
- Die Karten werden neu gemischt
- Tanzania receives hefty support for port expansion
|SEPTEMBER 19, 2014|
- Keystone honored for role in destroying chemical weapons
- Tropical Shipping now a Saltchuk business unit
- IMO Secretary General will not seek another term
- Blank Rome issues advisory on sVGP
- South Korean operator orders Damen high speed ferry
- IMO panel drafts safety code for LNG fueled ships
|SEPTEMBER 19, 2014|
- Change of Command set for Coast Guard Naval Station Everett
- Port Metro Vancouver moving Asia office from Beijing to Shanghai
- Truckload Carriers Association names Bentley new president
- Alaska Airlines adds Albuquerque to list of flights from Sea-Tac Airport
- US rail freight numbers post gains during week
|SEPTEMBER 19, 2014|
- Fleet weekly: inactive fleet continues at low level
But number of vessel not in use could increase in October as demand slows
- Global Ports sees volumes dip
Revenues and volumes slip but devalued rouble boosts adjusted ebtida
- Eyes on Brazil
Optimism about dry bulk demand next year hinges on what Vale will do
- West Africa offers brighter prospects for suezmax tankers
But analysts question whether owners can raise freight rates in October
- Asia-Europe container rates slide again
Box carriers pin their hopes on a post-holiday price push in October
- Knightsbridge Shipping begins a new era
Capesize bulker company changes its name to cut its ties to tankers
- Container haulage shortages disrupt UK supply chains
Forwarder blames underinvestment, surging demand and a directive from Brussels
- Has the capesize market lost its fizz?
No revival yet, as Vale goes quiet and rates take a dive
- Growing the industry's talent
World Maritime University could serve as the model for a shipping industry staff college
- Week on Wall Street | September 19
Golar LNG price surge shows the market dialling in its expectations
- Maersk and Mediterranean Shipping Co name 2M routes and ports
Carriers plan Asia-North America east coast calls via Suez not Panama
|SEPTEMBER 19, 2014|
- HHI secures two Aurora options
Hyundai Heavy Industries (HHI) has secured two very large gas carrier (VLGC) options from Norwegian shipowner Aurora LPG. Delivery of the two 84,000m³ LPG carriers is scheduled for the second half of 2016, and these options were attached to an original order of four vessels with the owner having
- Analysis: South Korea-built ships save money
If shipowners chose the most fuel-efficient South Korean-built vessels, their operating costs would be 40% less than if they chose Chinese-built vessels, asset management company Hana Daetoo Securities has reported in a research note. Hana Daetoo Securities analysts Moo-hyun Park and Jae-seon Yoo
- Cemre shipyard taps into Icelandic fishing sector
Turkey's Cemre Shipyard has secured orders for a quartet of wet fish stern trawlers from Icelandic owners. The four sister vessels are being built to a design from Icelandic naval architect's Skipataekni, with three building for the account of Samherji hf and the fourth for FISK-Seafood hf. The
- Damen wins double tug order
Damen Shipyards has won two orders in two days, with URAG, the German port and offshore towage provider based in Bremerhaven, placing an order for two Damen ASD 2411 tugs, and South Korean operator Seaspovill signing for a Fast Ferry 4212. The two new tugs will have an overall length of 24.5m, a
- Italy's ports present reform proposals
Assoporti, the association of Italian port authorities, has presented its proposals to be included in ports reform legislation, which has been delayed by a succession of weak national governments and a lack of political will to push through reform. "It is important to concentrate our resources
- Australian coastal shipping under fire
Battle lines were redrawn on the Australian coast yesterday with unions and the Australian Labor Party (ALP) angrily rebutting remarks made by Deputy Prime Minister Warren Truss at an industry luncheon. Truss claimed ALP's shipping reforms aimed at protecting Australian coastal trade were a failure
- Malta denies entry to Ebola suspect ship
A Hong Kong-registered bulker has been refused entry to Malta because a crew member was suspected of having the deadly Ebola virus. The bulker called Maltese port authorities for assistance on the evening of 17 September after a Filipino crew member was suspected to be suffering from the infection,
- Wärtsilä wins biggest single-owner order for BWMS
Wärtsilä has won its biggest ever order for its Ballast Water Management Systems (BWMS) from a single owner. A total of 22 bulk carriers will feature the BWMS, being built by Yangzhou Guoyu Shipbuilding for Singapore-based Pioneer Marine. Each of the 38,000dwt vessels will be fitted with two
- Falling bunker price pushes Evergreen and Wan Hai to profit
The average bunker price dropped by 4.5% month on month to $577.5 per tonne in August from $604.84 per tonne, which is expected to save Evergreen and Wan Hai around $17.8M in the final quarter of the year, according to a research report by local media this week. Evergreen, Taiwan's largest
- CIMC gets $105M after arbitration awards
China International Marine Containers (CIMC) has received $105.5M as part of a shipbuilding payment after two arbitration awards related to the building of two semi-submersible drilling rigs delivered to Schahin in Brazil. The sum included the principal of $77.6M, interest of $27.7M and legal
- Tanker attacked in South China Sea
A products tanker en route to Timor Leste on Wednesday was attacked off Tanjung Berakit, Bintan Island, Indonesia, ICC Commercial Crime Services (CCS) has reported. Eight armed pirates boarded and hijacked the tanker, which was rendezvoused with two smaller tankers, and the cargo of gasoil was
- Capesize rates slide again as paper trades fall
Despite healthy activity by the Australian iron ore majors, that was no help to Capesize freight rates this week as forward freight agreements failed to hold up. Market players who spoke to IHS Maritime blamed the situation on COSCO's recent announcement that it would co-operate with Brazilian iron
- VAM shortage in Mediterranean sparks arbitrage from China
A shortage of vinyl acetate monomer in the Mediterranean and the resulting firming prices have created arbitrage opportunities for imports from China, brokers told IHS Maritime. A Tokyo-based broker told IHS Maritime, "We have been seeing strength in the EC China-Mediterranean trade due to
- Singapore ships warned about smog risks
Masters of ships navigating in Singapore's waters have been advised to be more vigilant as hazy conditions once again afflict the city-state. A circular from the Maritime and Port Authority of Singapore cautioned, "Due to the presence of haze, the visibility in the Singapore Strait and port waters
|SEPTEMBER 20, 2014|
- Weekly wrap-up: Mega-alliances, LA-LB issues and trucking growth
Issues at the Los Angeles-Long Beach were on JOC.com readers' minds this week, as an ongoing chassis shortage and continued labor-related diversions continue to hurt the largest port complex in the U.S. Senior Editor Bill Mongelluzzo reported yesterday that the mum International Longshore and Warehouse Union-Pacific Maritime Association negotiators are likely...
- Growth seen for automotive logistics sector
Demand for automotive logistics services is forecast to grow this year by 6 percent in Europe and 5 percent in North America, according to a new report by industry research and analysis firm Transport Intelligence. The automotive industry in North America continues a broad recovery from the recession, and the industry's...
- Argosy launches Houston-Mexico service
Argosy Transportation Group plans next month to begin a twice-monthly service using multipurpose, shallow-draft tweendeck ships between Houston and the Mexican ports of Dos Bocas and Ciudad del Carmen. The Argosy Campeche Line service will handle bulk, breakbulk, oversized and container shipments and will be focused oil and gas industry that...
- Asia-Europe spot rates tumble to $750 per TEU
Spot freight rates on the key Asia-north Europe trade are reported to have slumped to just $750 per 20-foot container, down more than $1,000 since the beginning of the year. The rates being offered by carriers for westbound shipments represent a big gap with the latest figures from the Shanghai Containerized...
- China plots new rules for wastepaper imports
China's Ministry of Environmental Protection is considering new regulations that would put provincial authorities in charge of approving wastepaper imports that the ministry now regulates. Forest-products information provider RISI, which reported the proposed change, said it is too early to evaluate the impact but that some mills and traders worry they'll face...
- US intermodal volume hits record high
The volume of intermodal units moving on U.S. railroads last week reached a record high for the railroad industry, according to the Association of American Railroads, furthering signs that the peak season is starting for intermodal shippers as the ocean peak recedes. U.S. carload and intermodal volume both grew for the week...
- Transloading continues to gain at LA-Long Beach
The percent of import containers arriving at the Los Angeles-Long Beach gateway that were transloaded into domestic containers for onward rail transport into the interior U.S. continued to increase last year and is forecast to continue rising in 2014. The percent of import container loads at LA-Long Beach transloaded into domestic...
|SEPTEMBER 19, 2014|
- Caribbean bottoms
A cruise pricing survey suggests that the challenged Caribbean market may have found its bottom.
- Polarcus signs LOI
Dubai-based seismic vessel owner agrees to take part in West Africa project.
- Troim exits Seadrill
Frendriksen's former right-hand man withdraws his nomination for the offshore company's board.
- China sits out VL order rush
China has been conspicuous in its absence from the VLCC newbuilding scene this year as some of the sector's most experienced names showed renewed appetite for the tankers.
- Finnish fleet growing
Finland's merchant ship fleet is on the rise due to newbuildings and transfers.
- Odfjell pair join Lauritzen
Lauritzen Kosan has expanded its ethylene gas carrier pool with the addition of two vessels from Odfjell.
- Skou's Chinese mission
Maersk Line CEO Soren Skou has met Chinese authorities in Shanghai on Friday to smooth the path of its 2M vessel-sharing alliance with MSC.
- Total takes Euronav VL
New York Stock Exchange bound Euronav has secured a period contract for one of the VLCCs it bought from AP Moller-Maersk at the start of this year, brokers say.
- DL eyes new deals
Indonesia's Djakarta Lloyd (DL) is aiming to bank about IDR 380bn ($31.8m) from new bulker contracts in 2015.
- Hellenic sees the light
Hellenic Carriers put a positive spin on the present difficulties in the dry cargo market after trimming its second quarter loss this week.
- Sekimizu to step down
Koji Sekimizu, International Maritime Organisation secretary general, says he will step down from the post at the end of his first term in office ending in December 2015.
- Reefer crewman stabbed
A crewman from a Star Reefers ship was in a critical condition after being stabbed off Ireland.
- Baltic Fuel buys tanker
Russia's Baltic Fuel Company (BFC) has bought a tanker from Turkey to boost its bunkering fleet.
- Is uncertainty gone?
After Scotland's "No" vote yesterday, many shipbrokers woke up "in relief" while others felt that they missed a chance to benefit further from a volatility-hit sterling.
- Cargoship hit by fire
Miami firefighters took two hours to contain a blaze on a US cargoship.
- Dry bulk referendum
Scotland has voted against independence but the big debate about the fourth quarter direction of the dry cargo market remains and is leading towards a positive outcome, according to Galbraith's.
- Divorce gets messier
State-run Shipping Corporation of India (SCI) and IRISL of Iran are $37m apart in their valuations as they try to exit a tanker and bulker joint venture.
- 2M "a formality"
US approval of Maersk Line's 2M alliance with MSC should be "a formality" according to AP Moller-Maersk CEO Nils Andersen.
- Planet of the apes?
We take a look at what was said in the market over the past week.
- Ingram adding 20
US owner Ingram Barge Company is to build 20 tank barges in 2015 to meet growing demand for chemical shipments.
- SFL in Ebola scare
A bulker owned by John Fredriksen's Ship Finance International has been stopped from entering Malta over fears a crew member had Ebola.
- Reefer grounds off Iceland
A Norwegian-owned reefer vessel has run aground off the eastern coast of Iceland.
- PE firm acquires OCV
Norway's Cecon has sold the first of its three offshore construction vessel newbuildings to a private equity firm.
|SEPTEMBER 19, 2014|
- Carriers detail port rotations for new alliances
- Big ships present a challenge for all ports
- BMW switches terminals at Port of Baltimore
- Ex-Im Bank lives to loan another day
- Ingram Barge to build 20 tank barges
- Maersk raises $1.25 bilion in bond sale
- IAG Cargo partners with freight forwarder network
- Auto logistics market rising in complexity as emerging markets grow
- Weekly GRI roundup
- Holleyman confirmed as deputy U.S. trade rep
- U.S. labor enforcement against Guatemala moves forward
|SEPTEMBER 19, 2014|
- Weekly Global Market Report
A weekly price roundup from bunkering hubs around the world.
- Maersk meets China anti-trust authorities on 2M plans
Analysts see alliance having a better chance of gaining China's blessing, says report.
- 'Enormous interest' in ExxonMobil's new ECA fuel
'If we could get it to 20 ports, it would sell,' Iain White tells Bunkerworld.
- New Caribbean terminal to include bunkering
Cayman Islands plan to close 'dangerous' George Town facility.
- Steady fuel oil inflows to ARA
North European port cluster sees stocks rise.
- WFS pays out quarterly dividend
$0.0375 per share payable on October 10.
- Bunkering fundamentals push Gibraltar, Algeciras closer
End of floating storage signals shift in regional dynamics.
- Fuel oil market 'is in decline'
'Most refineries have a view that it will be increasingly difficult to make money when you produce large amounts of fuel oil.'
- Cape Town to get more products storage
New facility to boost capacity for refined oil products.
- Low sulphur fuel blends present 'warranty problems'
ECA fuel blends: Worries persist over compatibility and availability.
- Singapore continues 'clamp down' on illegal MGO sales
11 crew members convicted and sentenced to imprisonment in latest case.
- Dry bulk specialist posts smaller loss in H1
Higher bunker expenses curbs top line growth.
- Shipowner orders 'eco' LNG carriers
Newbuildings to enter fleet from 2017-2018.
- FSO catches fire in Indonesia
Vessel serves as a bunkering platform for ships serving local ports.
- Finnish government grants support LNG bunkering
Three new LNG terminals planned along the Finnish coastline.