|SEPTEMBER 24, 2014|
- Maersk asks China for 2M anti-trust okay after saying it was needless
- Plea for subsidies fail, LD Lines ends France-Spain 'Motorway of the Sea'
- Russia seeks assurance EU-Ukraine trade deal won't shut out its exports
- China, US reach no accord in distiller's grain dispute, cargo blocked
- Uganda looks to US$8 billion in Chinese financing to fund new railway
- EU trucker training rule, low investment blamed for UK box truck shortage
- Caution urged as seawall near SAF Changi Ferry Terminal is repaired
- Boeing issues appeal to Congress to save US Export-Import (Ex-Im) Bank
- Houston's IFLN forwarding network teams up with IAG Cargo to drive growth
- Airbus Defence and Space puts commercial satellite business up for sale
|SEPTEMBER 23, 2014|
- 2M VSA outlines proposed routes
- DNV GL launches new performance management portal
- ICS plea to IMO member states on implementation of new environmental rules
- Navnit Gandhi & Son wins 'Freight Broker of the Year' award at MALA 2014
- Samsara Group highlights its multiple west coast services, network & Gujarat emphasis at Rajkot trade meet
- Seaways Shipping ties up with McQuilling Partners of US
- Spot rates down on key trade lanes
- KIOCL likely to begin pellet exports to Iran soon
- JNPT intimates of normal operations being impacted
- Pvt. sector keen to participate in rail infra development: Rly Minister
|SEPTEMBER 24, 2014|
- Inauguration of new facilty in Thailand
- Stellar results for Gefco in H1
- Rift Valley Railways gets first new locomotives
- CRSC professionalises services
- Swiss Post upgrading parcel centres
- New white container for cool cargo
- Union Pacific strengthens Kansas' rail Infrastructure
- German car maker plumps for quieter wagons
- US west coast ports need to wake up
- New federal road boss in Switzerland
- An app for access to TimoCom
- Azal winging its way to New York
- Thing looking up for Jade Weser Port
|SEPTEMBER 23, 2014|
- HC2 buys cable ship operator Global Marine
- Lesson from grounding: Check rudder angle indicator
- U.S. joins antipiracy group ReCAAP
|SEPTEMBER 23, 2014|
- MarAd Oks loan guarantee for TOTE's new Marlin Class ships
- Customs accepting applications for 2,000 additional CBP officers
- Pivotal nets FERC go-ahead to provide LNG for Puerto Rico
- Vigor Alaska named builder for pair of new day ferries
- Boeing taps Michael Ford as vice president for GDER
|SEPTEMBER 23, 2014|
- Large orders position Scorpio Bulkers 'to capture the upturn', says Lauro
The market has space for quality tonnage, says the boss behind the 79-ship orderbook
- Supply fears sap confidence in shipping
Industry respondents to Moore Stephens survey worry about an influx of tonnage
- Tote gets state loan guarantee for LNG-fuelled boxships
US Jones Act operator aims to be first with up to four gas powered vessels in US waters
- Esbjerg invites private interest in new combi terminal
Danish port launches tender to operate and develop intermodal facility
- Is this the end for Maersk Tankers?
Market closely watches fate of Danish shipping giant's tanker division
- Capital Product increases its offering haul to $173m
Funding for five incoming newbuildings appears to be almost covered
- Will Asia-Mediterranean be the first battleground for new box alliances?
Supergroupings' increased capacity could trigger a price war, Alphaliner warns
- Aronnax: of fuel risks and fires
California's experiences hint at trouble as new emission-control areas take effect
- IUMI 2014: General average is 'unfair'
Cargo interests are unhappy with the York Antwerp Rules
- Rocket attack on Libya refinery rattles Mediterranean aframax market
Rates stagnate as vessels await new bookings after Zawia blast closes El Sharara oilfield
- IUMI 2014: Total loss rate down to 0.18%
But offshore suffers from claims inflation
- Skou rules out vessels larger than 18,000 teu for Maersk
Chief executive would rather keep trading flexibility than join race to even bigger ships
- China coal ban's impact on seaborne trade looks small despite the hype
There is no sign that restrictions will apply to power stations and key users of imported coal
- Vessel blackouts increase in California waters
Fuel switching to low-sulphur distillates seen as major cause of loss of power incidents
- Morning fog halts Southampton operations
Port has since reopened following suspension of container terminal activity for nearly 90 minutes
- Australian review calls for ending lines' blanket competition exemption
Harper Panel says commission should be given power to grant block exemptions
- IUMI 2014: Seeking a global marine insurance market
Trade association will back TiSA talks, conference told
- Rating agency positive on GSL acquisition
Moody's says 8,063 teu vessel acquisition will diversify revenue base away from CMA CGM
- IUMI insights: Incomprehensible acronyms
The language of insurance makes no concessions to those not in the lingo
|SEPTEMBER 23, 2014|
- US approves $325M TOTE loan
America's first LNG-powered containerships received approval from the Obama administration for a $324.6M loan to finance their construction. TOTE Shipholdings and parent Saltchuk Resources, whose two Marlin Class vessels are under construction at NASSCO shipyard in San Diego, qualified for the loan
- Cosco yards win two orders
Cosco Dalian Shipyard has secured an order for the first of two options for a module carrier from Dutch shipowner BigRoll Shipping and Cosco Qidong has won an order for a floating accommodation unit. The order for the 22,500dwt module carrier was announced by Cosco Corporation of Singapore and is
- Liner shipping faces Australian competition laws
A draft Australian government review yesterday recommended against exempting international liner shipping from Australian competition laws. The decision drew an angry response from Shipping Australia Limited, the peak body representing international shipping in Australia. Shipping Australia CEO
- Carrier for demolition runs aground in Taiwan
A Mongolia-flagged cargo carrier Aviva Cairo ran aground off the southeast coast of Taiwan last week while being towed from Manila, Philippines, to Thailand for scrapping. Due to Typhoon Fung-Wong, the 4,000dwt ship was stranded at the estuary of Luliao River in Pingtung county in southern Taiwan.
- Daydreaming helmsman blamed for ship grounding
The grounding of cargo ship Bosphorus in Brisbane River, Australia, on October 29 last year was the result of the helmsman becoming 'zoned out' and disengaged, and his failure to follow instructions, a report found. Poor crew and pilotage safety managements system, not the individual, were to
- US joins ReCAAP
The United States has become the 20th member of Singapore-based anti-piracy body Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP). The Assistant Commandant for Prevention Policy of the US Coast Guard, Rear Admiral Paul F Thomas has been appointed
- Chinese yards' new orders up 36%
Chinese shipyards' new orders rose 36% year on year to 47.4Mdwt in the first eight months of 2014, the China National Association of Shipbuilding Industry (CANSI) said today. The order books of the Chinese shipbuilders grew 34% y/y to 153.7Mdwt at the end of August, or up 17% from the amount at the
- Yards benefit from LNG advance
A significant order for LNG carriers could help profitability at South Korea's big three shipbuilders. Korea Gas Corporation (KOGAS), the world's biggest LNG importer, is to timecharter six LNG carrier newbuildings for 20 years according to CIMB Securities in a research note. This said the
- Vallianz Holdings buys shipyard
Singapore-based offshore oilfield service provider Vallianz Holdings has bought a shipyard in Batam, Indonesia, to create synergies with its core vessel-owning business. The acquisition will be executed by taking over the shipyard's owner, Singapore-based Jetlee Shipbuilding & Engineering, and the
- ClassNK updates software to improve propulsion
Japanese classification society ClassNK has updated its PrimeShip-GREEN/MinPower software to enable users to better calculate minimum propulsion power requirements. The software, supplied to shipyards at no cost, was initially released in April this year to help shipyards comply with EEDI (Energy
|SEPTEMBER 23, 2014|
- Maersk clarifies comment on not relinquishing No. 1 ranking
Maersk Line clarified a recent comment by CEO Soren Skou in which he appeared to say that his company would not relinquish its longtime No. 1 ranking after Alphaliner said it would be overtaken by Mediterranean Shipping Co. in 2016. An article posted on the Maersk Line website on Sept. 15...
- Lázaro Cárdenas sees import growth; exports down
Mexico's Port of Lázaro Cárdenas reported a second straight month of year-over-year increases in imports in August, following decreases in every previous month for more than a year. Imports at the container port - one of Mexico's largest - totaled 49,534 TEUs last month, jumping 9.3 percent compared to August 2013....
- US sets duties on China-built 53-foot containers
The U.S. Commerce Department today set duties on 53-foot dry intermodal containers from China after a preliminary determination concluded manufacturers received unfair subsidies from the Chinese government. The containers built by China International Marine Containers, along with seven affiliates, face anti-subsidy duties of up to 10.46 percent, the Commerce department said...
- Continued rise in contract truck rates, freight demand likely, FTR says
U.S. shippers are paying more to move goods inland as contract truck pricing rises as the fall inland peak shipping season gets under way, according to FTR Associates. The research firm doesn't expect that trend to change any time soon, as manufacturing, construction and consumer demand increase in the second half...
- US freight thefts dipped in summer
Reported U.S. cargo thefts from June through August declined 16 percent from the previous three months and averaged $182,115 per incident, according to FreightWatch International. FreightWatch's quarterly update showed 53 thefts in June, 69 in July and 60 in August for a total of 182. All but 29 of the thefts were...
- Drewry: Global box port traffic to hit 840 million TEUs in 2018
Global container port traffic will top 840 million 20-foot-equivalent units by 2018, with Africa and greater China posting the fastest growth rates, according to shipping consultancy Drewry. Volume will grow by an annual rate of 5.6 percent through the next five years, compared with 3.4 percent in 2013, and average terminal...
- Spot domestic intermodal rates rise on peak-season momentum
U.S. domestic intermodal pricing jumps 5.6 percent in week. Full-size chart Look no further for proof that the intermodal peak season is upon shippers and railroads than the latest reading from a U.S. spot rate index. U.S domestic intermodal pricing jumped 5.6 percent week-to-week, or by $115, to $2,169 per unit in the...
- DOJ won't challenge LA-LB 'gray chassis' plan
The Justice Department's antitrust division said it won't challenge an agreement by two major container pools to share each other's intermodal chassis in a "gray" pool in the ports of Los Angeles and Long Beach. The DOJ's business review letter to Flexi-Van Leasing and Direct ChassisLink Inc. is an important development...
- Port of Long Beach diesel emissions down 82% since 2005
Diesel particulate matter emissions from ships, trucks, trains and other big machines at the Port of Long Beach has declined by 82 percent since 2005, according to an annual analysis of the area's air quality. Port officials in Los Angeles and Long Beach credit several programs, including carriers' use of fuel-efficient...
- New joint Asia-Australasia service to debut in November
CMA CGM, China Shipping Container Lines, OOCL and PIL plan to launch a new joint service connecting Northeast Asia, Australia and New Zealand in early November. The weekly service, which will offer a turnaround time of 49 days or seven weeks, will have the following port rotation: Shanghai, Ningbo, Chiwan and...
- Port of Los Angeles to resume full operations following fire [Updated]
[Editor's note: Updated on 9/23/2014 at 8:50 p.m. Eastern time to include a new tweet from Los Angeles regarding the fire, and new information about terminals shut down at Long Beach.] Terminals at the Port of Los Angeles reopened as of 9 p.m. on Tuesday after being closed for several hours...
- Rails prep for winter to avoid another Chicago gridlock
The unseasonably cold front that moved through Chicago last weekend provided railroads and shippers a chilly reminder that the rail gridlock seen in winter 2013-2014 could occur again. How carload and intermodal freight moves through the top U.S. freight hub (and bottleneck) depends not only on the severity of the weather...
- Strike threat low despite lack of West Coast longshore contract, Scioscia says
Negotiations between the International Longshore and Warehouse Union and the Pacific Maritime Association will likely conclude without a strike or lockout, a prominent U.S. shipping executive said at an industry conference this week, according to Bloomberg. "The environment has been civil and constructive with operations being normal," Anthony Scioscia, former senior vice...
- Kuehne + Nagel puts focus on trans-Atlantic market
Kuehne + Nagel, the world's largest sea freight forwarder, said it is targeting the trans-Atlantic container trade to offset slowing Asian exports to Europe. The Europe-North America trade features among the Swiss company's new strategic framework involving 20 initiatives across its ocean freight, air freight, overland transport and contract logistics businesses. "We...
- Alphaliner: 2M and O3 to first lock horns in Asia-Med trade
The 2M and O3 alliances likely will first lock horns in the Asia-Mediterranean trade, with planned increases in capacity threatening to unleash a rate war, according to analyst Alphaliner. The 2M carriers, Maersk and Mediterranean Shipping Co., are planning five Far East-Med "strings," one more than originally announced, while the O3...
- West Coast ports see need to step up efforts to combat congestion
Port executives admit that when it comes to fixing the problems that come with big ships and powerful carrier alliances, problems such as terminal congestion, equipment shortages and excessive truck turn times, the buck stops with them. This admission by executives of the ports of Los Angeles, Long Beach, Oakland and...
- Increasing export orders keep China factories busy
HONG KONG - New export orders saw China factory output increasing in September as the mainland manufacturing sector continued to expand, reaching a two-month high and raising expectations that inventory building could see export growth into the fourth quarter. The HSBC flash purchasing managers index (PMI) survey came in at 50.5, slightly up...
|SEPTEMBER 23, 2014|
- Buy brings payout boost
Dyngas LNG Partners has purchased a modern, ice-class LNG carrier from its sponsor that will back an increase in its payout to shareholders.
- Log-In names COO
Log-In Logistica Intermodal has promoted its head of maritime operations and maintenance to a top executive role.
- Saverys succession
Marc Saverys has handed the chief executive officer job at Compagnie Maritime Belge (CMB) to his son Alexander.
- Buckelew in Asia push
Carnival chief operations officer Alan Buckelew is relocating to China to lead growth efforts in that country, the cruise giant said.
- Farmers storm shipyard
A Chinese shipyard has suspended operations after a group of 500 farmers smashed offices because they blamed it for killing their abalone harvest.
- Confidence falls
Overall confidence levels in the shipping industry have fallen slightly during the last three months, according to a survey conducted by accountants Moore Stephens.
- Don't blame us
Emanuele Lauro has defended Scorpio Bulkers against accusations its rapid expansion has contributed to a potential oversupply issue in the market.
- Dubai keeping Freeze?
Golar LNG has said its long-term charter of the Golar Freeze FSRU ship to Dubai is unaffected by the arrival of a bigger Excelerate Energy vessel from next year.
- Seafarer injured
A crewman who suffered serious injuries aboard a bulk carrier was rescued by a helicopter which took him to the closest hospital in Durban, South Africa, earlier this morning.
- Dry bulk forecast
Jens Ismar says the sun will not shine as brightly for the dry cargo market as many owners had hoped.
- Zim's new alliance
Israeli container line Zim has formed a new partnership with Russia's Seagoline to operate a reefer service to the Black Sea.
- Porter builds stake
Seaspan co-founder and managing director Graham Porter has built his stake in the US-listed boxship owner to 7.4%.
- SITC takes shipping agency
Hong Kong-listed SITC International has completed a transaction which leaves it with the entire issued share capital of SITC Shipping Agency.
- Heading home
A five-month nightmare for 12 Turkish seafarers will finally come to an end on Sunday, when they will leave Quebec and fly back home.
- Cosco Corp wins duo
Cosco Corporation (Singapore) has announced deals for new vessels worth $230m.
- Israel to build ports
Israel Ports is set to raise ILS 1.5bn ($410m) in order to boost the construction of two new ports.
- Beware the shadow
Shadow capacity is keeping a cap on freight rate recoveries with the present downturn likely to extend for three more years, Martin Stopford says.
- HC2 buys Global Marine
US telecoms company HC2 has snapped up the cable-layer fleet of UK owner Global Marine.
- Exciting times ahead
Exciting times await crude tanker owners, the chief executive of RS Platou Markets says.
- GMS adds one
Abu Dhabi-based Gulf Marine Services (GMS) has taken delivery of a new self-propelled self-elevating support vessel (SESV) ahead of schedule.
- Stop blaming the economy
Seaborne trade volumes are at record levels and the global economy is firmly on the road to recovery. Yet the shipping industry is still languishing at the bottom end of a prolonged down-cycle. So what has gone wrong?
- More for Deep Sea
John Fredriksen-controlled Deep Sea Supply has fixed four offshore ships for a total of 1,000 days.
- Hemen splashes the cash
John Fredriksen has increased his dominant position in Seadrill with the acquisition of 2m shares in the US and Oslo-listed driller.
- Iran wants Baku link
Iran wants to relaunch a cargo and passenger run to Baku in Azerbaijan.
- Brokers fined
Latvia has fined the National Association of Ship Brokers and Agents for an anti-competitive pricing agreement.
- RIG may cool order plans
Transocean may opt against ordering more drillships in Singapore, a top investment bank has predicted.
- Steel output growth flat
China saw little or no growth in its crude steel production during the month of August, latest industry figures show.
- ITC confirms VL sale
Independent Tankers Corporation (ITC) has confirmed the sale of its 309,000-dwt VLCC Ulriken (built 1998).
- Team Spirit arrested
Singapore's admiralty sheriff has arrested a German-owned general cargo vessel, latest court documents show.
- Rand's Levy steps down
Rand Logistics has settled a proxy war with dissident investor JWest by giving it a seat on its board and by removing Laurence Levy as chief executive and chairman.
- Capital nets $173m
Capital Product Partners has seen its net proceeds in a share offering rise to more than $173m after underwriters exercised options.
|SEPTEMBER 23, 2014|
- Survey: Infrastructure investment boosts economy
- Continued growth seen for intermodal
- European policies hinder rail initiative, commissioner says
- CPG opens Charlotte drayage terminal
- Healthcare execs look to logistics
- Port of Long Beach plans discussion agreement with Port of Los Angeles
- Tote hooks loan guarantee for 'Marlin Class' ships
|SEPTEMBER 23, 2014|
- OOCL to impose low-sulphur bunker surcharge
Beginning January 1, 2015.
- Korean suppliers forced to import product
S-Oil and Hyundai Oilbank buy spot market IFO to make up for shortfalls in bunker production.
- ICS: GHG emissions from shipping down by 20% since 2007
'There has been a significant reduction in absolute CO2 emissions from ships.'
- M2 alliance could 'damage world trade'
European Shippers Council (ESC) wants to 'sound the alarm'.
- US invests $210 million in biorefineries construction
Move boosts US efforts to reduce dependence on foreign oil.
- Fujairah could become LNG bunker hub
Import terminal is to be bigger than first planned.
- Share ownership change at OW Bunker
Investment firm reduces stock holding.
- South Korean bunker hub bracing for typhoon
GS Caltex halts bunker supplies.
- Bunker tanker enters service in Russia
Tanker to serve in Perm.
- Funding for LNG feasibility study half of total cost
East Mediterranean LNG bunkering project supported by TENT-T funds.
- Newbuilds ordered despite overcapacity fears
China Cosco Holdings says focus is on fuel efficiency in its drive for profitability.
- Greek owner receives third 'fuel efficient' vessel
The handysize bulker has been acquired for $19.5 million.
- Dan-Bunkering hires in Dubai
New staffer is multi-lingual.
- BC Ferries expands LNG-powered fleet
Company expects to cut bunker bills by $12 million in four years.
- Shipowner adds second 'eco' newbuild to fleet
Vessel has been employed in the spot market.
- US backs LNG-fuelled newbuilds
MARAD approves $300 million loan guarantee.
- Mass flowmeter adoption picking up in Singapore
Most MFM-capable vessels owned by bunker tanker owners that charter vessels out.
- Wartsila to continue with R&D project
Aims to develop a fuel-flexible marine engine that is optimally adaptive to its operating environment.