|AUGUST 25, 2014|
- Asia-Europe rates fall for third week to US$1,106/TEU
- CMA CGM, CSCL, OOCL, PIL launch north east Asia-Oz/NZ loop in November
- No 2 box maker Singamas profit declines 31pc while revenue rises 16.6pc
- Toll profit increases 219pc to US$272 million as sales uptick 1.1pc
- US economy continues slow, but outlook for California bright: report
- Leipzig court to rule in October if Hamburg's River Elb can be dredged
- Port of Virginia cuts operating loss in Q4, fiscal year revenue rises
- Study shows Australian air sea customs clearance times are cut by 25pc
- LNG-fuelled containerships will save US$10/TEU, says analyst's report
- Danaos to use VSTEP stimulator to train staff in ship manoeuvring
- OceanSaver: 40 ballast water treatment system orders in 6 months
- Hactl upgrades security with deployment of electric patrol cars
- Singapore's Changi airport July cargo volume off 2.4pc to 155,000 tonnes
- E-commerce to boost Indian logistics, warehouse spending to US$1.9 billion
- Lufthansa twice-weekly MD-11 freighter Lagos flights start September 15
|AUGUST 22, 2014|
- ECB scrutinising shipping loans of European banks
- MOL launches global management college for employees
- NYK's eco tugboat receives 2013 Marine Engineering of the Year award
- Outlook for spot rates seen better this year
- RIL ties up with upcoming North American terminal for ethane import
- APSEZ celebrates Independence Day
- DBGT to commence Simatech's Tuticorin-Colombo feeder service on Aug. 28
- Govt to allow private investors to exit long-term agreements with Major Ports
- Neeraj Bansal takes charge as Deputy Chairman of JN Port
- Paradip Port begins reefer container service
- Port Réunion to be developed as CMA CGM Group's strategic maritime hub in Indian Ocean
- Qinhuangdao port set for record exports
- Vizag to get new dedicated berth for reducing handling time of coastal cargo
- Movement of cargo vehicles to be restricted on Mumbai-Goa Highway during Ganesh festival
- Forex reserves recover by $ 43 m to $ 319.390 bn
- Govt not easing gold import curbs anytime soon
- India's steel production grows 1.7 pc in July
- INR ends at over three-week high
- MEP on onion slashed
- PM dedicates IOC Jasidih terminal to nation
- Stressed assets in infra surge to 29 pc
- Sugar import duty increased to 25 pc in bid to aid mills
- Trade unions call for meet; may strike over reforms
- Nordana significantly boosting heavy lift vessel fleet
- PCN celebrates 4th anniversary of growth & success
- Power Logistics Asia 2014 in Nov.
- Restaurant ship travels by road in Finland
|AUGUST 25, 2014|
- New traction to haul freight in Italy and Poland
- Reefer box capacity forecast to grow 22% by 2018
- Terminal improvement in New Orleans underway
- Stable growth for China's gigantic rail market
- PWC publishes analysis of Ms and As in logistics industry
- Inauguration for Lan Cargo in Miami
- Chun new head of engineering design for POLB
- Palfinger says "yes" to two joint ventures with Kamaz
- UPS expanding in Texas
- New service for northeastern Asia and Oceania
- Uflacker retiring from port of Brake after 34 years
- Reinforcing presence in Western Africa
- Prohire lands significant contract
- Ladungsverluste via Frachtbörsen
|AUGUST 22, 2014|
- Monitor Coatings to supply U.K. carrier flight deck coatings
- Ex-Saratoga heads to Texas recycling yard
- Siem sells OSCV duo to charterer
- EU-Russia trade dispute hits DFDS service
- Vigor set to welcome giant floating dry dock
|AUGUST 22, 2014|
- Port Metro Vancouver Oks Fraser Surrery coal transer project
- Knutsen NYK Offshore Tankers buying J. Lauritzen tanker fleet
- Carriers teaming up for Asia, Australia, New Zealand run
- Port of Seattle presents annual Fly Quiet Awards
- Association of American Railroads reports rise in weekly traffic numbers
|AUGUST 22, 2014|
- CSC Phoenix posts strong first-half results
Restructuring dry bulk player even plans to participate in auction of its own ship
- European seafarers: because they're worth it?
Wage differentials with Asian crews narrowing, experts say
- Yielding without breaking
MOL bulker trials NSafe steel as shipping continues its quest to improve safety
- Asia-Europe rates slide for third consecutive week
Downward trend expected to continue in the run-up to September
- Ningbo port and local government intervene in trucker strike
Authorities adopt a carrot-and-stick approach to return container operations to normal
- Hext quits Hong Kong for non-shipping job in UK
But high-profile executive will maintain Univan and China Navigation roles
- Capesizes - bouncing back
Buoyant market a reflection of the export policies of iron ore majors, say analysts
- Lines post more Golden Week service changes
Maersk cuts Asia-Mediterranean calls and Hapag-Lloyd alters G6 Asia-North Europe Loop 4
- Solid start for Virginia
Monthly box traffic record and double-digit revenue growth reported by US port for July
- Opec seaborne exports at five-year low
Exclusive analysis of Lloyd's List Intelligence data confirms record low shipments propping up oil prices
- Week on Wall Street | August 22
A flurry of activity means vacation plans may have to be put on hold
- Höegh LNG retains positive outlook despite losses
Group shelves plans to list FLNG business, due to growing investor confidence
- Swedish Club posts first-half surplus
Standard and Poor's maintains BBB+ rating
|AUGUST 22, 2014|
- Odfjell remains in the red
Odfjell, the listed Norwegian chemical carrier and tank terminals group, remained loss making in 2Q14 due to continued problems with its terminals business. Group net loss deepened to $28M in 2Q14 from just $2M in 2Q13, while revenues rose to 4266M from $256M. in 1H14, the loss widened to $48M from
- Shanghai yard wins Scorpio bulker sextet
Chinese shipbuilder Shanghai Shipyard has won an order for six Kamsarmaxes from Scorpio Bulkers, a rapidly expanding Monaco-based bulk shipping company. The 82,000dwt vessels will be delivered from 2Q15. These are the yard's first Kamsarmax bulkers. Its current orderbook consists of general cargo
- New Orleans upgrading intermodal capacity
Hard Rock Construction outbid eight other companies to win a $13.3M contract to improve intermodal operations at the Port of New Orleans. The contract, awarded by the port's board of commissioners to the Metairie, Louisiana-based firm on 20 August, is part of a $21M project set to be completed in
- Sungdong secures Nisshin LR1 tanker pair
South Korean yard Sungdong Shipbuilding & Marine Engineering has secured an order for two long range1 (LR1) tankers from Japanese owner Nisshin Shipping. The 74,000dwt products tankers are scheduled for delivery towards the end of 2016 and early 2017. No costs were disclosed but estimates put the
- Tax could see Indian ore imports rise
Higher royalties - effectively a local tax - on iron ore could prompt Indian steelmakers to turn to cheaper imported supplies. Earlier this week, the Indian government approved an increase in royalties, paid to local government, on domestically produced iron ore and other minerals from 10 to 15%.
- Durban yard starts nine-tug order
Durban-based Southern African Shipyards started construction yesterday on as nine-tug order from South Africa's Transnet National Ports Authority. The order, worth $130.6M, is the largest single contract awarded by the authority to a South African company for the building of harbour craft.
- Vard secures German PSV order
Singapore-listed offshore shipbuilder Vard has secured an order for a platform supply vessel (PSV) from German owner Nordmoon Schiffharts. The 4,000dwt vessel will be a VARD 1 08 design and built at the company's Vung Tau yard in Vietnam. It will have an overall length of 81.7m, beam of 18m, and a
- DSME to build sixth giant box ship
Daewoo Shipbuilding & Marine Engineering (DSME) has another order for a very large container ship from China's Bank of Communications Financial Leasing Co (BoCom), bringing the total on order to six. The 19,000teu vessel is scheduled for delivery in December 2016 and follows a recent order for two
- CMA CGM starts Asia-Australia/NZ service
French container shipping group CMA CGM is to launch a new northeast Asia-Australia/New Zealand service with China Shipping Container Lines (CSCL), Orient Overseas Container Lines (OOCL) and Pacific International Lines (PIL). The new service, which will replace the ANZEX and NZN services currently
- Knutsen NYK buys J Lauritzen tankers
Knutsen NYK Offshore Tankers, is to buy three shuttle tankers from Danish shipowner J Lauritzen. Knutsen NYK is a joint venture between Norwegian tanker owner Knutsen OAS Shipping and Japan's NYK Line. The three vessels are: 1999-built, 45,000dwt Dan Eagle; 2011-built, 59,000dwt Dan Cisne; and
- Busan becomes ship finance hub
South Korea's president today detailed the imminent development of the port city Busan as the country's ship finance centre. Speaking at the opening of the Busan International Finance Centre today, Park Geun-hye said the phased development would start next month with the ship finance departments of
- Nam Cheong on right track
Singapore-listed offshore marine service provider Nam Cheong has taken another step in the right direction, according to Lee Yue Jer, offshore and marine analyst from DMG & Partners. He sets a target price of SGD0.58 ($0.46) per share, while the company's stocks currently currently trade around
- LR products tanker rates to fall
The rally in long-range products tanker rates would last another fortnight before falling, brokers told IHS Maritime today. The rally, on the back of heavy naphtha trading and arbitrage flows from the west-of-Suez to East Asia, began in mid-July. As of yesterday, the Baltic Clean Tanker Index's TC1
- Shipyard accident kills one, injures another
A dockyard worker was killed and another injured on 20 August after a shipyard accident occurred in Kuala Baram, Malaysia. The deceased Bangladeshi worker was identified as Shamim Hossen, 27, and his injured friend is Rasidul Islam, 45. They were squatting near the inflatable ship launching airbag
- VAT could hurt Chinese LPG import
LPG exports to China are expected to dive in September as the country will start enforcing value-added tax (VAT) on fuel imports. IHS Waterborne Energy, which tracks LPG shipments, also opined that the recent high freight costs, which averaged $103.93/tonne on the Arabian Gulf-Asia Pacific route as
- Manila ports yard usage still far from ideal
Yard utilisation at Manila ports is far from ideal, according to Philippine Ports Authority (PPA). "Port operators are bracing for the sudden uptick in yard utilisation next week brought about by twin holidays in August," said the agency. As of 21 August, yard utilisation at Manila ports stood
- Paper sell-down hitting Capesize gains
After a rally that saw substantial increases in Capesize rates, charterers are forcing rates down, brokers told IHS Maritime. The cargo flows that caused rates to jump last week continued into this week, resulting in Brazil-China rates jumping $21.20/tonne on 14 August to $24.40/tonne as of
- Alam Maritim net profits down 31%
Malaysia-listed offshore marine services provider, Alam Maritim Resources (Alam Maritim) reported 1H14 net profits down by 31% to MYR36,6M ($11.6M) from MYR53.6M in 1H13. Similarly, the company's 2Q14 net profit dipped 10% to MYR21.4M from MYR23.9M in 2Q13, while revenue dropped 11% to MYR82M in
- Singamas profits halved y/y in 1H14
Hong Kong-listed container maker Singamas Container Holdings' profits fell 52% year on year to $13.3M for the first half of 2014 on lower production volume in the first quarter in 2014. Revenues rose 17% y/y to $678.7M due to higher sales of containers, a stock filing of Singamas said today. The
|AUGUST 22, 2014|
- Court rejects challenge to BNSF intermodal railyard
A Federal appeals court in Pasadena shot down a novel legal challenge to railyard emissions that if successful would have erected a roadblock to a proposed BNSF intermodal railyard near the Port of Los Angeles. The appellate court this week rejected a legal concept advanced by the plaintiffs, including the Natural...
- FMCSA chief counsel named interim administrator
The Obama administration picked T.F. Scott Darling III, chief counsel of the Federal Motor Carrier Safety Administration, to be the agency's interim administrator, starting next week. Darling's selection to succeed outgoing FMCSA administrator Anne S. Ferro was announced in a farewell message from Ferro to FMCSA staff Aug. 22. The message...
- US furniture imports saw growth in first half
Containerized furniture imports into the United States saw growth in the first half of 2014, as a strong number of shipments in the second quarter offset weak volumes in the first quarter. U.S. furniture importers shipped a total of 1,099,986 TEUs in the first half of 2014, up 1 percent from...
- Gypsy moths force quarantine of container ships off LA-Long Beach
Asian gypsy moth caterpillarAt least two ships have been quarantined and all others coming from Asia to the United States will be heavily scrutinized as officials attempt to block an invasive species from making landfall in the U.S. Two ships - the COSCO Harmony and the Wan Hai 603 - have been delayed...
- Protests targeting Zim to continue in Tacoma, Seattle
Protests will continue on the U.S. West Coast against Israel-based Zim Integrated Shipping Services, as new actions are scheduled in Seattle and Tacoma next week. Protesters from the activist group "Block the Boat" announced plans to protest in both Seattle and Tacoma, upon the arrival of the ship Zim Chicago. Zim...
- SCFI: Second weeks of drops to Europe, US, Mediterranean
SCFI spot rates from Asia to northern Europe dropped 7.7 percent this week, down to $1,106 per 20-foot container, or TEU. Full-size chart Another week of volatility in the spot market has brought container rates down over all of the major trade lanes, according to the latest readings of the Shanghai Containerized...
- YRC Worldwide names new president of regional trucking subsidiary
Donald R. FoustAfter five years with Roadrunner Transportation Systems, Donald R. Foust returned to YRC Worldwide as president of New Penn, the $4.9 billion trucking operator's Northeastern subsidiary. Foust succeeds Steve Gast, long-time New Penn president, who left the Lebanon, Pennsylvania-based company to become president and COO of Wilson Truckingin...
- Four carriers to launch joint Asia-Australasia service
Export container volume from Asia to Australasia and Oceania rose 4.6 percent year-over-year in June. Full-size chart CMA CGM, China Shipping Container Lines, Orient Overseas Container Lines and Pacific International Lines have plans to launch a joint service connecting Northeast Asia, Australia and New Zealand. The new service, which will commence from Shanghai in early...
- Reinvestment in truck capacity to fall short of demand
An interesting question from a JOC.com reader hit my inbox this week after we published a story on trucking bankruptcies and the way they are slowly taking capacity out of U.S. trucking markets. Here's a condensed version (the writer requested anonymity): Q: When a trucking company goes broke, drivers and owner-operators...
- Consolidation in South Pacific ocean carrier market
Neptune Pacific Lines, an ocean carrier specializing in the Australia/Oceania trade, has purchased Polynesian Shipping Line Limited, another carrier in the same market. Polynesian Shipping was established in 2005 as a subsidiary of Petroleum Products Supplies Limited (PPS), based in Apia, Samoa, "to ensure adequate levels of service and capacity were...
- Manila port congestion affects regional hubs, says Philippine Ports Authority
HONG KONG - The Philippines Ports Authority (PPA) estimates there are about 20,000 containers being held up at the ports of Hong Kong, Singapore and Kaohsiung that cannot enter Manila because of the congestion choking the terminals. However, the volumes handled by the hub ports of Asia are so great that...
- European trucker Waberer's expands, seeks drivers
Waberer's ordered 600 tractors from Paccar subsidiary DAF in December 2013.Truck driver fatigue and the truck driver shortage aren't just North American concerns. European trucking company Waberer's International - one of the largest trucking operators in Europe - plans to hire 400 truck drivers and give its drivers more rest...
- Ocean carrier rate revision roundup for Aug. 22
Several container lines have planned general rate increases in numerous trade lanes in September and October, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue. The Top 21 carriers, which control 86 percent of the total global liner capacity, received a total of 1.37 million TEUs in new...
|AUGUST 22, 2014|
- Maersk tipped for better
RS Platou Markets is backing AP Moller-Maersk to pass its own elevated profit forecast this year.
- Maersk raises embargo flag
A "significant" amount of products already at sea needs to be returned because of the Russian embargo on food imports, Maersk says.
- Embargo closes DFDS route
An ongoing dispute between Russia and the European Union has resulted in the suspension of a Baltic Sea route operated by DFDS.
- Odfjell misses Q2 mark
Norwegian tanker owner Odfjell has slipped further into the red than anticipated during the second quarter.
- SCF's new arctic mission
SCF Group's (Sovcomflot) tankers have begun arctic oil transport from the Novoportovskoye oilfield in the Gulf of Ob.
- Solvang sees profit spike
A red-hot LPG market has helped Norwegian owner Solvang to a stronger second quarter.
- Taiwan Nav falls
Taiwan Navigation has revealed a weaker second quarter profit despite a revenue rise.
- MBC profit rises
Malaysian Bulk Carriers has clocked up a higher second quarter profit.
- NPL buys Polynesian
Neptune Pacific Line (NPL) is to buy South Seas operator Polynesian Shipping Line (PSL).
- Aztech buys shipyard
Singapore-listed Aztech Group has moved into the shipyard business.
- Ferry stable
The capsized Chilean ro-ro Amadeo I was still stable on rocks on Friday, as a navy commander said human error was probably to blame for the accident.
- Siem sells CSV twins
Siem Offshore is set for a $64m gain having agreed the surprise sale of two modern subsea construction vessels.
- Zaliv to be sold?
The Ukrainian owner of expanding Zaliv Shipyard in newly-annexed Crimea is in talks with Russian investors about a sale.
- Mermaid makes less
Australia's Mermaid Marine has posted a weaker annual result, but has added 26 vessels to its fleet from the takeover of Jaya Holdings in Singapore.
- Strong quarter for Rieber
GC Rieber Shipping has recorded increased net profit in the second quarter thanks in part to the arrival of a newbuilding.
- Vosco cuts loss
Vietnam Ocean Shipping (Vosco) has reduced its loss in the second quarter through an efficiency drive.
- Sincere earnings slide
Sincere Navigation of Taiwan has posted a lower second quarter profit despite increasing revenue.
- All smoke, no fire?
We take a look at what was said in the market over the past week.
- Bids in for Ferguson
A number of bids have been lodged for the troubled Ferguson shipyard in Scotland.
|AUGUST 22, 2014|
- Calif. citrus shippers resume exports to China
The U.S. Department of Agriculture said Friday that California citrus farmers may restart exporting to China this season. In April 2013, California-origin citrus was barred from entering China after interceptions of brown rot.
- CMA CGM plans maritime hub in Reunion
Probably better known to French tourists and stamp collectors than many people in the logistics industry, the container carrier said nevertheless Reunion's location puts it at "the crossroads between Europe, Asia and Africa."
- Sea Star orders new reefer containers
- Maersk: Russia's counter sanctions mean 'significant' food returns
The Danish container carrier said its customers were unprepared for the Russian counter-sanctions and it is working with these shippers' origin offices to "find the best and most cost efficient way to send back the goods."
- ITC begins update of U.S. Harmonized Tariff Schedule
International customs officials at the World Customs Organization in Brussels have recently agreed on 234 changes to the global system that categorizes products that are imported and exported around the world.
- Econocaribe files complaint against Amoy International
- Globe Tracker in terminal-focused deal with Total Soft Bank
- FRA grant to help short-lines safely handle crude oil
- U.S. sweetener firms: Mexico not to blame for sugar prices
- Weekly GRI roundup
|AUGUST 22, 2014|
- MGO prices end week on low note in Houston
Avails reported to be average at the US Gulf port.
- Weekly Global Market Report
A weekly price roundup from bunkering hubs around the world.
- Singapore: Q2 bunkering, ship chandlers sales mixed
Domestic trade softens, while foreign trade strengthens.
- Prices firm in northwest Europe
And mixed across Mediterranean markets.
- Sri Lankan bunker sales climb
Latest figures build on previous releases.
- Maersk: 2M alliance to start in early 2015
Agreement pending approval from US authorities.
- Fujairah prices end week on a lower note
Mixed outlook on prices in Durban and Cape Town.
- Dutch ferry operator chooses hybrid technology
Vessel will be under construction at a Spanish shipyard.
- AI Energy: Change needed for Ghana bunkering industry
In order for sector to compete on an international level, says CEO.
- Bunker supplier arrests ship in Indian port
Hearing set for next week.
- Few scrubbers purchased in time for 2015, report finds
For retrofitting, scrubbers seem best for bigger ships.
- Asian bunker market ends week mixed
Avails tightening for some players in Tokyo Bay.
- 'Online service provider' firms up offer
Firm Counter says 'raft of new features' go live next month.
- Firm installs fuel monitoring system on vessels
Units were fitted onto three ships of a marine transportation services firm.
- Singapore court revokes ship arrest
Vessel's arrest was 'wrongful', says law firm.
- Bunker spill exercise carried out at Novorossiysk
Activity involved the Aginskoye and resources from other agencies.
- VPS: ExxonMobil ECA-compliant bunkers 'likely to be good fuel'
But its service performance remains an unknown.
- IFO prices slip on the Panama Canal
Avails tightening in Cristobal.