|SEPTEMBER 23, 2014|
- Yemeni flights stop as rebels take city, port still working
- Maersk poised to win big from low costs and upturning A-E market: Drewry
- Lawsuit cash award to improve results this year, says box maker CIMC
- Global Ports sees volumes dip at St Petersburg as Western sanctions bite
- UK-bound counterfeit toys on ship from Hong Kong seized in Le Havre
- Carriers stand to save 5-10pc by applying better IT, says software provider
- Shipowners ask IMO to fix faults in ballast water rules before it's too late
- IAS ChassisManager software to cut empty truck miles, paperwork hassles
- CEVA opens first European Centre of Logistics Excellence and third globally
- Rickmers signs up for ShipServ's suite of e-procurement decision software
- Supply chain sustainability conference to be held in Adelaide October 29-30
- Lufthansa Cargo to equip flight crews with iPad mounted maps and manuals
- Groundhandlers meet in Milan, talk dwell time, red tape, problem customers
- World Customs Organisation, ICAO, CAAC talk cargo security in Zhengzhou
|SEPTEMBER 22, 2014|
- DB Schenker in India opens new logistics centre in Ahmedabad
- ...opens new agency in Yangon (Myanmar)
- Beyond condition monitoring in the maritime industry
- China inks pact to develop second phase of Hambantota port, international maritime centre in Sri Lanka
- CMA CGM upgrades Amerigo service, adds new Miami call
- Drewry all earnings shipping index slips 20 pc in Aug.
- G6 Alliance announces Asia-US West Coast schedule update
- SARJAK Container Lines recognised as 'NVOCC of the Year - Exim Special Equipment' at MALA 2014
- China to make way for more Indian goods
- Import of Iranian oil up 50 pc in Jan.-Aug.
- Pakistan seeks to put in safeguards
- Plastics exports to hit $ 15 bn by FY19
- BPCL may book capacity in LNG terminals
- Kandla Port again adjudged Major Port of the Year at MALA 2014
- Shrimp farmers oppose proposed port near Kakinada
- MMRDA to strengthen highways
- Continuation of anti-dumping duty on import of Sulphur Black
- Forex reserves slip for second week
- GST likely to be introduced from April 1, 2016
|SEPTEMBER 23, 2014|
- EIB: solid support for Greek motorways
- Young talent proves its mettle
- Order book in rude health
- Giant UK retail chain signs new deal with ND
- Two military transport aircraft crash
- A boost for tomorrow's logistics leaders
- New locomotive rolling into the hinterland
- Unclear development of global trade continuing
- Kerry cooperating with the Kiwis
- Innovative groupage services to Georgia
- Major relief efforts to help Ebola-stricken countries
- Confidence in the air at Maximus
- Antwerp tests the waters for LNG station
|SEPTEMBER 22, 2014|
- MSC extends C-Champion time charter
- Swiftships gets $18 million Iraq FMS contract
- Title XI guarantees for TOTE LNG containerships
- Unison ships powerful all-electric tube bender
- Nuclear icebreaker will have Fluidmecanica winch
- Fednav vessel on unescorted Northwest Passage transit
- MAN four stroke with SCR gets Tier III certificate
- Havyard WE design PSV named in Svalbard
|SEPTEMBER 22, 2014|
- Port of Longview begins first ever scrap metal exports
- Port Metro Vancouver calls for applications for director post
- New exhibit celebrates Portland Airport carpets
- WPPA taps Ashley Helenberg as public relations committee chair
- DOT publishes 2014 report covering state transportation data
|SEPTEMBER 22, 2014|
- VLCCs wanted as tonne miles are expected to rise
High levels of inquiry from buyers
- NewLead takes delivery of third modern handysize bulker
Greek owner awaits approval to trade on OTCQB market but vows to continue rebuilding fleet
- Fednav handysize bulker heads to China through the Northwest Passage
Voyage could be one of two high north sailings for Canada-based owner
- 2M completes European self-assessment
MSC and Maersk Line also notify European Commission on planned alliance
- Maersk confident in China's competition regime despite P3 rejection
Skou says Danish line 'not unfairly treated' as Chinese regulators draw criticism from foreign lobbyists
- Frank Chapman takes over from Fredriksen at Golar LNG
New chairman steps in as Golar focuses on integrating gas supply chain
- Cash buyers pay 'unthinkable' rates for speculative deals
GMS warns of a two-tier market as breakers turn down similar prices
- Reefer operators must play box lines at their own game
Brave niche players can fend off competition from conventional container lines
- Welcome to LNG shipping's three-tier market
Big difference in spot rates depending on ship
- Rotterdam tackles LNG fuel safety
Port plans fire training and guidelines on responding to incidents involving gas
- IUMI 2014: Sanctions should be similar in scope and nature
US and European Union governments could help insurance industry
- IUMI 2014: China marine insurance posts negative growth
Cut-throat competition creates challenging outlook, says Munich Re's Ip
- August is a quiet month for Japanese shipyards
The country's shipbuilders land 10 bulk export orders in August
- IUMI 2014: committees set out their stalls
Kern and her fellow chairs outline the themes and agendas for this year's conference
- IUMI insights: putting the house in order
Insurance top brass get ordinary business done and dusted
- IUMI insight: access denied
The media lunches as insurance committees meet in camera
- IUMI 2014: Hull and cargo markets stagnant
Fleet grew but global marine premiums fell nearly 2% last year, Hong Kong summit hears
- Sekimizu to step down as IMO secretary-general at the end of 2015
IMO secretary-general cites concerns for his wife's health for decision not to seek re-election
|SEPTEMBER 22, 2014|
- Fednav attempts Northwest Passage voyage
Fednav has announced its first attempted commercial transit of the Northwest Passage by its icebreaking bulk carrier Nunavik using satellite navigation. Canada's Arctic shipping pioneer Fednav said the Polar Class vessel had sailed for China from Deception Bay in Quebec on 19 September with a full
- Boxship broker warns against SECA trade disruptions
Container ship traffic to and from ports in northern Europe could be facing serious operational problems during the transition to reduced sulphur limits in marine fuel valid from 1 January 2015, a leading Hamburg shipbroker has warned its principals. Many owners may struggle to retrofit feeder
- KoFC-Busan Bank collaboration offers shipping loans
Korea Finance Corporation (KoFC) will collaborate with Busan Bank in offering loans to South Korea's small- and mid-sized shipping companies. KoFC and Busan Bank signed an agreement to provide indirect loans related to ship financing. According to the agreement, KoFC will offer low-interest loans
- Oriental Energy to charter another five VLGCs
Chinese LPG trader Oriental Energy announced today that it had signed a 10-year time charter contract with Hartmann Schiffahrts for five 84,600m³ VLGCs. The chartered-in newbuilds will be delivered between May 2017 and January 2018, a company stock filing said today. Oriental Energy has the option
- KOGAS shortlists companies for LNG carrier tender
Korea Gas Corporation (KOGAS), the world's biggest LNG importer, has shortlisted seven companies in its tender to time-charter six LNG carriers for twenty years. The seven candidates who submitted application forms to be assessed on their ability to perform the contract - H-Line Shipping (Hanjin
- Taiwanese liners under pressure for profit in 4Q14
Taiwanese container shipping companies are under great pressure to increase their profitability in the 4Q14 as the peak season ends in this quarter, Taiwanese analysts said. The Transpacific Stabilization Agreement (TSA) proposed a monthly rate hike of general rate increase (GRI) by at least
- US imposes conditions of entry for vessels from Cambodia
All vessels arriving in the US from certain Cambodian ports will have conditions of entry imposed starting 29 September, the US Coast Guard has said. Previously, two ports, Phnom Penh Autonomous Port and Sihanoukville Autonomous Port were exempted. "We no longer find that those two ports are
- Hong Kong's marine and cargo insurance premiums total $230M in 1H14
The gross premiums of marine and cargo insurance totalled HKD$1.8Bn ($232M) in the first half in 2014, CY Leung, chief executive of Hong Kong, said today. In 2013, gross premiums of marine and cargo insurance amounted to HKD$2.1Bn ($260M), Leung said. Hong Kong offers a variety of marine insurance
- Indonesian courts dismiss STX's appeal
The Indonesian courts have dismissed South Korean shipbuilding chaebol STX Corporation's appeal against a 2013 decision ordering it to pay its mining subsidiary PT Indoasia Cemerlang KRW97.3Bn ($93M). Through a Korea Exchange filing, STX Corporation announced on 19 September that the Jakarta High
- Recycling market shocked by boxship scrap price
Dauelsberg's 1995-built container ship Altavia has fetched $535/lt ldt for recycling in India, surprising many market watchers with what appears to be a speculative purchase. The Polish-built 2,063teu ship was sold for $5,589,680. The price is above the average price of $450/lt ldt for bulkers and
- Mermaid Maritime wins $45M subsea contracts
Thailand's offshore oilfield service provider Mermaid Maritime has said that its Middle Eastern subsidiary has clinched two subsea contracts. Diving equipment, remotely operated vehicles, divers and other crew will be provided by Mermaid Maritime to service the contracts, which are worth about
- Asian Shipowners' Forum urges governments to fight fuel theft
The Asian Shipowners' Forum (ASF) has called on governments to work harder together to fight pirates targeting tankers in Southeast Asian waters. In a statement released after its safe navigation and environment committee's meeting in Shanghai on Friday, the ASF said it is very concerned that the
- More VLGC orders seen in 2015-16
Plans by the US port of Portland to build a railway-linked terminal to export propane to Asia could stimulate even more orders for very large gas carriers (VLGCs), said CIMB Securities. Propane is a component of LPG while VLGCs are the main workhorses of the seaborne LPG trade. Portland is
|SEPTEMBER 22, 2014|
- TOTE secures financing for LNG-fueled ships
TOTE Shipholdings and Saltchuk Resources have secured a $324.6 million Maritime Administration loan guarantee for construction of two container ships that will be fueled by liquefied natural gas. Marad said TOTE and Saltchuk qualified the Title XI loan guarantees because the vessels represent an advancement in shipbuilding technology and being constructed...
- US diesel prices hit 27-month low
U.S. diesel prices slipped 0.6 percent or 2.3 cents to $3.778 per gallon as of Sept. 22. Full-size chart U.S. diesel prices slipped0.6 percent or 2.3 cents to $3.778 per gallon on Sept. 22, according to the U.S. Energy Information Administration, which brought the price to its lowest level since July 16, 2012. This...
- US bill would prevent publication of trucking safety scores
U.S. House Rep. Lou Barletta, R-Pennsylvania, has introduced a bill that would prevent the publication of safety scores for truck and bus carriers and revamp the Federal Motor Carrier Safety Administration's scoring system. The Safer Trucks and Buses Act, H.R. 5532, would specifically address issues with the FMCSA's Compliance Safety Accountability program,...
- US intermodal price index falls for first time since 2013
Full-size chartThe average amount intermodal providers charged customers for shipping a U.S. intermodal unit declined last month on a year-over-year basis, the first time since January 2013. The dramatic change likely reflects the easing of equipment constraints and that Labor Day came earlier this year, said Joni Casey, president and CEO...
- Near-shoring, tight capacity, highlighted in 3PL CEO survey
Near-shoring of manufacturing from China to Mexico, tight U.S. transportation capacity and competition from Amazon as a logistics provider were prominent topics in an annual survey of 27 third-party logistics CEOs sponsored by Penske Logistics and released today. Seventy- five percent North American CEOs said some of their customers have shifted...
- Stifel: Growth in air, sea shipments expected in second half
Stifel's combined Logistics Confidence Index for sea and air freight in September increased 6.2 points year-over-year to 59.2. Full-size chart Air and ocean freight are expected to see "good" trade volume growth through the third and fourth quarters of 2014, especially in air freight, given a strong peak season outlook and a...
- European shippers attack 2M Alliance in letter to FMC
The European Shippers Council attacked the proposed 2M vessel-sharing agreement in a letter sent last week to the Federal Maritime Commission but is unlikely to convince the U.S. regulatory agency to reject the agreement involving the world's two largest container lines. Even though the 2M members - Maersk Line and...
- Maersk, MSC, Evergreen stand out in 1H container line rankings
U.S. containerized trade increased 2.6 percent year-over-year in the first half of 2014, with just three carriers - Maersk Line, Mediterranean Shipping Co. and Evergreen Line - accounting for 28.4 percent of all trade. In the process, the three largest ocean lines operating in the U.S. trades increased volumes by...
- Florida East Coast Railway boosts intermodal capacity
Florida East Coast Railway will boost its intermodal capacity with new equipment that will help further its strategy to convert existing trailers to containers to provide double-stack transportation service. The Class II railroad has acquired 500 new 53-foot containers and 100 chassis, as well as 50 refrigerated trailers to cater to customers...
- Ruddy, Tibbets get new posts at Virginia port
Joseph P. Ruddy has been appointed chief innovation officer at the Port of Virginia, and Shawn Tibbets will succeed him as chief operations officer. CEO John F. Reinhart, who joined the port last February, said the changes complete the reorganization of the port's senior leadership team. Tibbets had been senior vice president...
- iPhone 6 aside, air freight surges are not what they used to be, FedEx says
Even as air freight space out of China has tightened because of the launch of the Apple iPhone 6, the traditional air freight surges associated with major electronics product launches are not what they used to be. Reports have surfaced in recent weeks of tight air freight capacity because of heavy...
- Railroads plan equipment upgrades, more hirings to improve service
Caught flat-footed by a harsh winter and an unexpected rise in U.S. freight, the rail industry can't create capacity overnight, but it can make sure it's using the capacity it has to the fullest. The continued deployment of locomotives and train crews over the coming weeks is particularly critical. U.S. economic...
- Kerry Logistics expands to tap growing Asia-Oceania trade
Kerry Logistics aims to tap growing trade between Asia and Oceania, and between Australia and New Zealand through a joint venture with a New Zealand-based global freight forwarding company. The joint venture with Lead Logistics will include air and ocean freight services, customs brokerage and domestic forwarding. The joint venture "not...
- The intermodal congestion challenge
Several major U.S. ports are experiencing congestion that is affecting the drayage trucking community and other elements of the intermodal supply chain. In addition, JOC.com and The Journal of Commerce have reported on port congestion around the globe. Marine terminals are among the most visible targets when addressing problems in the...
- Drewry: Specialized reefer ships down, not out
Container lines will continue to expand their share of the refrigerated cargo market, but specialized reefer carriers can survive if they diversify and pick their niches carefully, Drewry Maritime Research says in its annual analysis of the reefer shipping market. Specialized reefer ships have been losing market share for years to...
- Italy's Taranto terminal faces murky future after losing key service
The southern Italian port of Taranto, once a leading transhipment hub, faces an uncertain future after losing its last long-haul intercontinental service in the latest shake up in the fiercely competitive Mediterranean container market. Evergreen is switching its UAM Mediterranean-Far East-West Coast North America service to the Greek port of...
- Carrier savings about more than just bunkers, say lines
The savings to be gained from a container line getting more miles to the gallon are immense. Take NOL Group: In just over two years the Singapore-based company managed to save $1.2 billion with more than half the savings coming from cuts in bunker consumption and better network management at...
- Rising exports from inland factories drive Shanghai throughput
Shanghai may be the busiest container port in the world, but almost half the boxes that cross its wharves every year are first carried down the mighty Yangtze River from manufacturing hubs deep inland. From January through August, Shanghai handled 23.44 million 20-foot containers, 5.3 percent up on the same period...
- TIGER grants 2014: Millions for US ports [Slideshow]
U.S. ports are under increasing pressure to modernize their facilities to handle larger vessels and keep their existing infrastructure up to par. Fortunately, for some ports, Uncle Sam is giving them a boost via Transportation Investment Generating Economic Recovery (TIGER) program. Seven ports will receive about $73.4 million in grants,...
|SEPTEMBER 22, 2014|
- Safe strikes loan deal
Safe Bulkers has inked a $210m loan deal with DNB Bank to help finance a pair of newbuildings.
- Crowley inks LNG deal
Crowley Maritime has struck a deal with a small scale LNG supplier to move containerised volumes to Puerto Rico.
- US to join ReCAAP
The United States is poised join the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP).
- TOTE wins cash pile
The US government has agreed to provide nearly $325m in loan guarantees to shipowner TOTE.
- Arison cashes in $8.5m stake
Carnival chairman Micky Arison has sold off $8.55m in shares of the Miami cruiseship giant as part of an ongoing effort to reduce his stake.
- Golar FSRU frozen out
Dubai is swapping its Golar LNG-controlled floating storage and regasification unit (FSRU) for a larger vessel supplied by Excelerate Energy.
- NewLead adds another
Greece's NewLead Holdings is eyeing profit of $1.7m per year from its new handysize eco-bulker.
- Chapman takes hot seat
Golar LNG has confirmed the appointment of Frank Chapman as its new chairman.
- Rongsheng still waiting
China Rongsheng Heavy Industries continues to be kept waiting on a state-sponsored restructuring.
- Laker refloated
The biggest bulker working the Great Lakes has been freed after running aground in Duluth.
- Vessels needed
A lack of qualified vessels may result in the delay of a new shipping route between India and Bangladesh, initially planned to commence next month.
- DNB sees Citgo spur
PDVSA's pending sale of US business Citgo could offer a shot in the arm for the tanker market, DNB Markets says.
- Navios wins term deal
Greece's Navios Maritime Acquisition (NNA) has fixed a newbuilding products tanker for two years with profit sharing.
- Vallianz takes shipyard
Singapore's Vallianz Holdings has agreed to acquire an Indonesian shipyard for SGD 19.8m ($15.6m), in an effort to become more cost-effective.
- Radiance takes control
Singapore offshore owner Pacific Radiance has taken full control of its domestic shiprepair business.
- Cosco cares for core
China Cosco Holdings Co (CCHC) has pledged to focus on its boxship and bulker operations in weak markets.
- Maersk buyback underway
AP Moller-Maersk has snapped up almost $100m worth of its own stock as it kicked off its first ever share buyback plan.
- Crews battle Norway
A Spanish seafarers group is claiming a serious violation of labour rights committed by the Norwegian government, which refuses to pay their pensions.
- Vigor wins ferry double
It is the first time Alaskan ro-paxes will be built in the state, according to governor Sean Parnell.
- TAS targets China
Malaysian shipyard TAS Offshore is teaming up with a Chinese businessman to build and sell offshore ships in China.
- Fredriksen eyes larger slice
John Fredriksen says he may boost his dominant holding in offshore driller Seadrill to take advantage to its stock retreat.
- HH ro-pax hits dock
Two people were injured after a Danish ro-pax hit the side in Helsingborg on Sunday.
- CSIC opening up?
State shipyard group China Shipbuilding Industry Corp (CSIC) is set to open up to new investors through share sales.
- VLCC prices climbing
Buying interest in crude tankers continued to ease up VLCC asset prices, Clarksons says.
- GSI raising cash
State-owned Chinese shipbuilder Guangzhou Shipyard International (GSI) is selling off non-core assets to raise money for new investments.
- Dauelsberg in scrap coup
German owner Herm. Dauelsberg has secured a premium price for one of its oldest containerships.
- Bharati sells wind unit
Restructuring Indian shipbuilder Bharati Shipyard has sold its wind power business as it seeks to focus on core operations.
- Ro-pax arsonist jailed
A UK passenger who caused a fire on a DFDS ferry after drunkenly trying to light a cannabis bong has been jailed for 11 years.
- Italian ferry runs aground
A Grimaldi Group-owned ro-pax ferry ran aground off the Greek island of Corfu over the weekend.
- ASF calls for action
The Asian Shipowners' Forum (ASF) has called for more government action to combat the theft of fuel from ships.
|SEPTEMBER 22, 2014|
- Groups sue DOT over driver training
- Trailer orders strong in August
- Senators unveil localized transport funding bill
- OIA Global gains marketshare in Vietnam
- Panalpina starts online LCL sailing schedules
- Air France partners with container firm
- European Shippers 'pull alarm bell' over 2M
|SEPTEMBER 22, 2014|
- EPA to award grants for reduction of diesel emissions at ports
Up to $5 million in funding available.
- USCG: San Francisco fuel spill under investigation
Source of leak has been secured but cleanup still underway.
- Russian fuel oil exports fell back in August
Volumes down 3.3% month-on-month.
- Surge in engine blackouts feared at ECA borders in 2015
Conservative estimate based on California numbers suggest over 100 incidents relating to fuel switching in the English Channel.
- Online bunker trading platform launched
Matches buyers to sellers anonymously with price comparison.
- Shipping: 2014 marks the begining of a recovery
European bank says factors necessary for a recovery of the shipping industry are now in place.
- Fuel smuggling case: Multiple accounts used
Payments made in Singapore.
- Singapore 380 cSt prices have fallen 8.5% since June
Weaker prices could be stoking demand.
- Antwerp to benefit from 2M alliance
Zeebrugge, however, will lose two cargo services.
- Rotterdam prepares for potential LNG bunkering accidents
Emergency response guidelines to be ready by year-end.
- Ships arrested over weekend
Passenger ship and cargo vessel held in Singapore.
- US port on target to meet emission reduction goals
Port of Long Beach to 'meet or surpass' its targets.
- Shipowners express fears over regional piracy
Rise in attacks lends itself to market distortion.
- New site planned for US biofuels plant
Plant to convert woody biomass into renewable fuel for ships and planes.
- Chinese fuel oil player sees accounts frozen
Shanghai Fuel Co (SFC)'s petroleum product business has been largely suspended.
- Antwerp wants input on LNG bunkering preferences
Data to be used to 'refine' building specifications.
- Titan Petrochemicals holds onto bunker business
Bunkering among three other businesses to survive restructuring process.