|JUNE 3, 2015|
- Felixstowe, Britain's biggest box port to double capacity by 2030
- Waterfront bosses protest CARB regulators basing eco-rules on false data
- CMA CGM upgrades west African offering with WAZZAN loop
- Hapag-Lloyd's Baltic Express to call Oslo; 2 weekly calls to Gothenburg
- Brokers say MSC finalising deal for four 20,000-TEUers
- Sri Lanka reconsiders its stop work order on China's Port City project
- Stifel on what's hot - Expeditors - and what's not - UTi - in forwarding
- Panalpina takes over of its long-time Egyptian agent Afifi
- India starts road building boom as GDP growth tops China's
- IAG Cargo starts daily Heathrow to Kuala Lumpur flights
- Irish state agrees to sell its 25pc stake in Aer Lingus to IAG
- United 'shows pride' for speaking out in favour of homosexual marriage
|JUNE 2, 2015|
- 'Safmarine's level of commitment to the trade in India is extremely high'
- Aargus Global Logistics celebrates 20th anniversary
- PDP Shipping & Projects now a Public Ltd Co.
- RBI cuts repo by 25 bps to 7.25 pc, keeps CRR steady at 4 pc
|JUNE 3, 2015|
- An exchange takes to the rails
- Multi-language alternative route map for HGV drivers
- Maiden race for Safram catamaran this weekend
- Upsurge of intermodal activities
- Port of Hamburg solves truck jam headache
- HSH Nordbank steers ahead
- Virgin Atlantic Cargo lands in Detroit
- Umco boosts legal department
- More than 10%
- RZD carrying more coal to North Korea
- Adria Airways extends handling contract with FCS
- Rhenus completes CFND take over
- New Nordic sales manager for Hyster Big Trucks
- Bremer Reederei E&B opens branch at Baltic port
- New presence in Poland
- More capacity for Kansas City Southern Railway
- STG Aerospace makes wings more visible
- Less freight by train in China
- Maersk Line orders 11 more ULCV
|JUNE 2, 2015|
- Maersk confirms ULCS contract
Maersk Line has ratified a newbuilding contract with South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) for an ultra-large container ship order. In a press statement, Maersk confirmed orders for 11 firm ships of 19,630 teu capacity with options for six vessels being arranged
- New Wärtsilä 31 engine offers efficency 'breakthrough'
Wärtsilä has launched a medium-speed engine with advanced technology at this year's weeklong Nor-Shipping exhibition in Lillestrøm, Norway. The Wärtsilä 31 engine features high efficiency, fuel flexibility, and operational optimisation, including significantly reduced maintenance requirements -
- Periods of drought a concern for Nordic bond market
Periods of drought when investor appetite for new issues on the Nordic bond market dries up limits that market's growth, said Jens F Gruner-Hegge, vice-president of corporate finance at London-based parcel tanker and tank terminals group Stolt-Nielsen. The last time this happened was from 2H14,
- Bonds seen as risk for shipping finance
As shipping companies return to bonds as a source of funding, legal experts have warned of the potential pitfalls of using this kind of financing. "When companies need to restructure their finances, bondholders are not always in agreement , which can lead to a difficult situation," said Marius
- Hundreds missing from sunken Yangtze River ferry
More than 400 people are missing after a ferry capsized in the middle reaches of the Yangtze River late on 1 June. As of early morning on 2 June, rescuers had set free 10 people from Chongqing Dongfang Ferry-owned Dong Fang Zhi Xing, which had turned over at around 21:30 h local time on 1 June near
- Caterpillar Propulsion announces azimuth additions
Caterpillar Propulsion has announced that a new range of azimuth thrusters will form part of the new integrated propulsion packages intended to target the tug market. The first models in a family of rotating units will be a 60-tonne bollard pull Cat® Propulsion Marine Thruster Azimuth (MTA)
- UK's Felixstowe port closed by high winds
The largest UK port, which has just announced plans to double port capacity, had to close this morning due to strong winds affecting operations. Cranes and loading equipment cannot safely be used at Felixstowe while strong winds persist, so lorries are unable to enter or exit the port until they
- Trade slowdown could hit shipping, analyst says
A fall in the rate of trade growth could affect shipping, said Anil Gupta, strategy and globalisation expert at the University of Maryland, on 2 June. Gupta told an audience at the weeklong Nor-Shipping 2015 exhibition in Lillestrøm, Norway, that global trade had been growing at a multiple of about
- Shipping warned of impact from global political shifts
Strategic competition on the global political stage may have far-reaching implications for shipping, the managing director of the World Economic Forum and former Norwegian defence minister Espen Barth Eide has warned. For 20-25 years the Western way of conducting business had predominated, but was
- Wärtsilä and COSCO tie up ballast water management deal
Finland-based power supplier Wärtsilä and Chinese shipping, logistics, and shipbuilding giant COSCO have signed a win-win manufacturing license agreement for ballast water management systems (BWMSs) that took effect on 1 June. The deal gives COSCO access to technology and the rights to manufacture
- Ulstein X-STERN wins Next Generation award at Nor-Shipping
Ulstein Group's X-STERN has won the Next Generation Ship Award at the opening of the Nor-Shipping conference in Norway today. With a focus on innovation, the Next Generation Ship Award honours the most promising design for ships that will be at sea in the coming decade. The jury was instructed to
- Nor-Shipping focuses on building maritime confidence
Building confidence in the future of Norway's maritime cluster, despite current challenges in many sectors, is one of the key topics at Nor-Shipping, the bi-annual event that opened in Oslo on 1 June. About 35,000 delegates from 70 countries are expected to attend more than 100 events during the
- Frontline boosts LR2 orderbook
Frontline 2012, the John Fredriksen-controlled shipowner, has extended an existing order for LR2 tankers at China's New Times Shipbuilding. The original four-ship order, placed in October and December 2014, has been extended by two more of the 111,000 dwt ships. The latest pair is due for delivery
- Norway's prime minister opens Nor-Shipping
Norway's future lies in being smarter, not cheaper, Norway's Prime Minister, Erna Solberg, said at the opening of the weeklong Nor-Shipping 2015 exhibition in Lillestrøm on 2 June. "This is why we are investing so heavily into innovation, research and development," she said. The Norwegian
- Swire companies produce diabetes prevention guide for seafarers
Swire Pacific Offshore and The China Navigation Company are working together to raise seafarers' awareness of diabetes. The companies, both part of the Swire Group, have produced a health guide called A Seafarers' Guide to Understanding Diabetes and have partnered with The Mission to Seafarers to
- Gibdock opens Pad 1 prefabrication facility
Located in Gibraltar, shipping services yard Gibdock on 1 June officially opened its 2,940 m2 purpose-built Pad 1, a specialised area for land-based fabrication projects that provides 12 tonnes per m2 load-bearing workspace. "Pad 1 is a versatile facility with many applications," Gibdock managing
- Sage Sagittarius inquest turns political
Panamanian-flagged MV Sage Sagittarius trades internationally, shipping coal between Australia and Japan, but it has now become the centre of a political debate over Australian cabotage and a coroner's inquiry into crew deaths. In 2012 two seafarers died aboard the vessel in Australian waters
- China's SIPG signs deal to run Israel's Haifa port
China's Shanghai International Port Group (SIPG) on 28 May inked a deal with Israeli port authorities, obtaining the right to run the new Haifa port in northern Israel for 25 years. The Chinese firm will bring its capabilities to the port development and strengthen relations between China and
- HHI clinches Hoegh FSRU
Norwegian floating LNG production specialist Hoegh LNG has ordered a floating storage and regasification unit at Hyundai Heavy Industries (HHI), with an option for an additional vessel. The vessel, to be delivered in the first quarter of 2018, will have a regasification capacity of 750 MMscf per
- Ezra raises $300m to strengthen its balance sheet
Singapore-listed integrated offshore services provider Ezra Holdings has proposed renounceable underwritten rights issue and issue of convertible bonds to raise proceeds of up to USD300 million for refinancing. It is part of the Ezra's refinancing strategy to deleverage its balance sheet and
- Muhibbah Engineering profit up 43.6%
Malaysia-listed marine oil and gas engineering firm Muhibbah Engineering posted a profit of MYR32 million (USD8.68 million), up 43.6% year on year for the first quarter that ended on 31 March 2015. However, its revenue suffered a dip of 7.8% to MYR363.2 million, compared with MYR393.9 million in
- Busan to expand cruise terminal
South Korea's Busan port, already the biggest transhipment port in Northeast Asia, wants to improve its cruise facilities. In response to growing cruise passenger numbers in the region, Busan has decided to extend the 360 m long quay at its Yeongdo Cruise Pier to 435 m. Waters there are 12 m deep.
- Evergreen, Arkas to launch new Mediterranean service
Taiwanese carrier Evergreen Line and Turkey's Arkas Line will be co-operating to launch a new West-East Med Service (WEM). The new service will connect the Aegean Sea, the Near East, and the Western Mediterranean. Four vessels will be deployed for this service, with one by Evergreen and three by
|JUNE 2, 2015|
- FTA warns 'don't overlook the value of freight' in Heathrow expansion debate
- Mole gets green light to test feasibility of underground freight trains in the UK
- North Europe's feeder operators facing a perfect storm as costs rise and rates fall
|JUNE 2, 2015|
- Wartsila takes wraps off of new four-stroke engine
- Maersk orders eleven 19,630 TEU containerships at DSME
- Many deaths feared in Chinese cruise vessel capsize
- Cat Propulsion tug package features new azimuth thrusters
- Chevron to move Big Foot TLP following tendon damage
- Ulstein unveils the X-Stern Extender
- Teekay to order newbuild shuttle trio for East Coast Canada
- Vard takes wraps off innovation project
|JUNE 2, 2015|
- Port of Olympia public meeting to discuss Tumwater land plans
- Drewry Tanker Forecaster report eyes future earnings possibilities
- New Importance of Light display set for Bellingham Cruise Terminal
- Global Diving & Salvage expanding in California
- Alaska Airlines adding flights for Portland, Eugene, Oregon
|JUNE 2, 2015|
- Maersk gains more for less with $1.8bn order for 19,630 teu newbuilds
New generation Triple-Es will be cheaper than first series but have more cargo-carrying capacity
- Nor-Shipping 2015: Transforming technology is here
Progress being made in technology developments is faster than many think
- Regional governments set to take on HSH bad shipping debt
Bank looking to state administrations to take on non-performing loans
- Nor-Shipping 2015: Teekay's Tanker Investments will be sold in two years, says Evensen
Asset play will come but Teekay wants to harvest high profits in red-hot tanker market first before selling to highest bidder
- CMA CGM launches new West African service
Weekly loop will connect northwest Africa with Mediterranean mega hubs
- Nor-Shipping 2015: Wärtsilä reveals fuel-efficient feeder designs
Four new designs launched with existing and future Ecas and Secas in mind
- Hoegh LNG to build eighth FSRU at Hyundai Heavy Industries
Oslo firm continues to see strong demand for FSRU services
- Nor-Shipping 2015: More radical innovations are really needed, says Gunvor Ulstein
Awards for innovative design, energy efficiency and young entrepreneurship are handed out in Oslo
- Nor-Shipping 2015: Strong headwinds continue to challenge maritime industry
Innovation and investment are key to boosting the maritime industry to new levels
- Coal and grain strengthen supramaxes
Prospects have improved for smaller vessel but brokers doubt that it will last
- Jinhui sheds electronics trading subsidiary
Deal brings Hong Kong dry bulk operator $4m
- Pangaea extends contracts for bulker shipments from Brazil to North America
Extensions would have a combined value of $22m
- Passengership carrying 458 sinks in Yangtze River
Hundreds are feared dead after vessel capsizes in storm
|JUNE 2, 2015|
- SEKO takes on Greenbriar as equity investor to speed growth
With its management flexibility constrained by a fractured ownership structure, SEKO Logistics has brought in a private equity partner to recapitalize its balance sheet, transform its many local joint venture owners around the globe into shareholders and provide the resources to grow through acquisitions. Greenbriar Equity Group, which specializes in negotiated...
- Houston port ready for hurricane season after shaking off storm
Operations at the Port of Houston were largely unfazed - though officials are investigating some damage to equipment - after the torrential rain and flooding that swept through Texas last week. According to the Port of Houston Authority, the Gulf Coast's largest container port remained largely operational during the storm, which...
- Dropped G6 sailings highlight Asia-Europe trade weakness
In the latest sign of the challenge facing Asia-Europe carriers to make money in the busiest global shipping lane, the G6 Alliance said it would cancel two sailings, citing low demand. Yet canceling individual sailings will likely do little to quell analysts' view that significantly more capacity, such as entire...
- Asset-light LTL carrier Shift Freight expands in Michigan, Ohio
Shift Freight is expanding its non-traditional, asset-light less-than-truckload business in the Midwest, adding service to 1,400 direct points in Michigan and Ohio. The expansion, announced June 1, follows the rollout of services in the Midwest earlier this year and the New York-New Jersey area last year. "Having fierce Ohio State and...
- Maersk bets ever-larger ships aren't always the answer
In its new mega-ship order announced on Tuesday, Maersk Line took a conservative road, achieving a 7 percent capacity increase in ships of almost identical hull dimensions to its Triple-E class. In the process, it is showing how carriers are not automatically opting to build ever-larger ships to push the...
- West Coast volume down months after slowdowns ended
Work slowdowns and port congestion associated with the 2014-15 coastwide longshore contract negotiations continued to haunt West Coast ports in April, with total container volume down 6 percent from April 2014 even though the slowdowns had ended in February. According to numbers published on the website of the Pacific Maritime Association,...
- Long Beach to invest half-billion in infrastructure
The Long Beach Board of Harbor Commissioners approved an $829 million budget for the fiscal year starting Oct. 1, which includes $555 million for port expansion and improvement projects. The second largest U.S. port is in the midst of a 10-year, $4 billion capital improvement program that includes construction of a...
- CEVA wins three year contract extension with Spanish DIY chain
Madrid - CEVA Logistics, one of the world's leading supply chain companies, has won a three year extension and expansion of its contract with one of Spain's leading home decoration and do-it-yourself (DIY) companies, AKI. CEVA has worked continuously with AKI since 2010 and today it has a dedicated team of...
- White House threatens to veto DOT spending bill
WASHINGTON - The White House threatened to veto legislation now in the House of Representatives that would fund the departments of transportation and housing, citing deep cuts to transportation spending, including TIGER grants, and housing programs. The Obama administration also targeted provisions in the House transportation and housing appropriations bill that would...
- 88 Crowley Vessels Honored with Jones F. Devlin Awards
NEW ORLEANS' - Eighty-eight Crowley Maritime Corporation vessels received the Chamber of Shipping of America (CSA)'s annual Jones F. Devlin Award in recognition of their outstanding safety records, during a luncheon held last week in New Orleans, La. Each year, the CSA honors manned merchant vessels that have operated for two or more years without incurring...
- Trucking Moves America Forward Announces $50,000 Contribution from Tennessee Trucking Foundation
The Tennessee Trucking Foundation announced a $50,000 financial contribution to Trucking Moves America Forward (TMAF) over the next five years. Tennessee Trucking Foundation members of the board voted to support Trucking Moves America Forward and believe the campaign fits seamlessly with their mission. A photo of the donation presentation can be downloaded...
- Sham Logistics Services Add Iraq Office to Representation
We are pleased to welcome Sham Logistics Services as new Cargo Connections members representing Iraq. The company is already a member in Kuwait and we are pleased to add their Iraq office to our growing network. Capt. Shadi Salama (Managing Director) states; "Located in Basra, we offer a full range of...
- Evergreen, Arkas to launch Mediterranean service
Taiwanese carrier Evergreen Line and Turkey's Arkas Line are launching a new collaborative West-East Mediterranean Service. The new service will connect the Aegean Sea, the Near East and the Western Mediterranean. Four vessels will be deployed into the service, one Evergreen and three Arkas vessels. The WEM service has a port rotation...
- Hermes Strengthens Asia Operations with Branch Office in Shanghai
Chicago - Hermes (www.hermesworld.com), a leading provider of end-to-end e-commerce services for fashion and lifestyle brands, announced today that it has strengthened its Asia operations by opening a branch office in Shanghai. Hermes Transport Logistics (HTL) Greater China now offers turnkey supply chain solutions and sea and airfreight transportation. Hermes holds...
- High winds close UK's largest port
The U.K.'s largest port, which has just announced plans to double its capacity, had to close Tuesday morning due to strong winds affecting operations. Cranes and loading equipment cannot safely be used at Felixstowe while strong winds persist, so trucks are unable to enter or exit the port until they subside....
- Hermes Strengthens Asia Operations with Branch Office in Shanghai
Chicago - June 2, 2015 - Hermes (www.hermesworld.com), a leading provider of end-to-end e-commerce services for fashion and lifestyle brands, announced today that it has strengthened its Asia operations by opening a branch office in Shanghai. Hermes Transport Logistics (HTL) Greater China now offers turnkey supply chain solutions and sea...
- Chinese port operator signs deal to run Israel's Haifa port
China's Shanghai International Port Group late last week inked a deal with Israeli port authorities, obtaining the right to run the new Haifa port in northern Israel for 25 years. The Chinese firm will bring its capabilities to the port development and strengthen relations between China and Israel, said Israeli Transport...
- India's Nhava Sheva trumpets productivity gains amid congestion complaints
India's Jawaharlal Nehru Port Trust, or Nhava Sheva, which had been on the receiving end of intense shipper complaints over cargo delays in the recent past, is turning things around with an equipment upgrade and the introduction of other proactive measures. In a notice to shipping lines and the trade, the...
- Five Below opens million-square-foot NJ distribution center
Retailer Five Below has opened a 1,015-square-foot distribution center in southern New Jersey that will serve 300 of the company's stores in the eastern United States. The DC is part of a larger supply chain development program for the fast-growing retailer, which also plans later this year to develop overseas container...
|JUNE 2, 2015|
- Ocean Rig to sell shares
DryShips spin-off Ocean Rig has announced a share offering that could help fund acquisitions.
- Louis-Dreyfus leads Bimco
Philippe Louis-Dreyfus has been named president of shipping industry association Bimco.
- TIL will go to highest bidder
Peter Evensen today shot down conventional wisdom that Tankers Investment Ltd (TIL) will be sold back into the Teekay system.
- Only 15 saved from Yangtze
Just 15 people have been rescued from the river cruiseship Eastern Star a day after it capsized in China's Yangtze River with 458 people on board.
- Norway gets a boost
The Norwegian government has agreed a new maritime strategy with policies to bolster the country's shipping register.
- Monjasa expanding
Danish bunker and tanker group Monjasa has posted a big jump in 2014 revenue as it grew its fleet.
- Polferries not for sale
Finnlines' and DFDS' plans to expand in the Baltic Sea have taken a hit as the Polish treasury ministry withdrew from negotiations on the privatisation of Polferries.
- Diana fixes Medusa
Diana Shipping of Greece has clinched a time charter contract for a newly delivered kamsarmax.
- G3 plots new terminal
Saudi Arabi's Salic and trader Bunge are plotting a new grain terminal in Canada.
- Hostage on Anek ferry
A 39-year-old woman held as a hostage on a Greek ferry has now been freed.
- Maersk Line seals $1.8bn order
Danish owner puts pen to paper on contract at DSME for up to 17 huge Triple-E containerships.
- Big data's time has come
Big data and the connectivity of ships with computerised operating systems are the two big things expected to come into shipping over the next five to ten years, according to a panel of maritime experts at the Nor-Shipping conference.
- Vard's ship of the year
An offshore support vessel constructed by Vard Holdings has been named ship of the year for 2015 in Norway.
- Shelter from the storm?
Broker Westshore is not convinced offshore wind farm work can help out beleaguered North Sea platform supply ships (PSVs) and anchor-handlers (AHTSs).
- Feeding for less
Wartsila is introducing four new designs for eco-container feeder vessels at Nor-Shipping in Oslo.
- Shale shapes tanker market
The level of US shale oil production will prove key to future tankers earning, according to Drewry.
- Ulstein scoops design prize
Norway's Ulstein Group has walked off with the next generation ship award at Nor-Shipping's opening conference in Oslo.
- OPEC could hike quota
Crude cartel OPEC is very unlikely to cut back on production and may even increase output to put itself "back in the driving seat," according to JBC Energy.
- Ezra shares drop 14%
Ezra Holdings has seen its stock price plummet to the lowest level since 2008 hot on the heels of a share and bond issue.
- TOO to make $600m
Teekay Offshore's (TOO) new shuttle tankers will generate annual EBITDA of $40m over their 15-year charters, Wells Fargo has calculated.
- HHI ends job cull
Loss-making Hyundai Heavy Industries (HHI) has pledged not to lay off any more staff as ship orders rise.
- GLOP eyes new funds
LNG carrier owner GasLog Partners (GLOP) has revealed its intention to sell securities worth up to $600m.
- Bharati loss widens
Indian shipbuilder Bharati Shipyard has posted a bigger full-year loss as revenue dwindled.
- Vard's next generation
Norwegian shipbuilder Vard Holdings has launched a new vessel design project to boost fuel economy and environmental performance.
- Jinhui banks $4m
Bulker owner Jinhui Holdings has struck a deal to sell a loss-making trading subsidiary.
- Sinking claims over 450
More than 450 people are reported missing after a local passenger vessel sank in the Yangtze River in central China.
- RCCL in Oslo departure
Royal Caribbean Cruises Ltd (RCCL) is set to withdraw its secondary listing on the Oslo Stock Exchange (OSE), it has been confirmed.
- Busan targets cruise sector
Busan Port is set to open a new cruise terminal in response to Northeast Asia's growing attraction as a cruise destination.
- Bulker to be lightered
A Cosco bulker that ran aground off Texas last week is to have part of its cargo removed in a bid to refloat the vessel.
|JUNE 2, 2015|
- HHLA expands to handle latest UCLs
- ILWU-PMA dispute halts work on three containerships in Oakland
- Foreign customs agencies step up visits to U.S. apparel makers
- Rickmers changes from partnership to stock corporation
- CMA CGM launches new Europe-West Africa service
- Spanish DIY retailer expands partnership with CEVA
- UP to invest $383 million in Texas
- SHIFT moves into Michigan, Ohio
- FMC reviews 10 OTI license applications
- Executive Moves: NRF and Greencarriers
- Maersk Line orders 11 'second generation' EEE containerships
|JUNE 2, 2015|
- Fuel-saving technology gains class-approval
Calnetix said the Hydrocurrent system saves up to 200 tonnes of bunker fuel per year.
- Norwegian Oil Trading appoints new managing director
Kaja Smith-Kielland Kjellesvik's new role became effective on Monday.
- EMP: solar power system ship test 'successful'
Technology provides crew with real-time fuel oil consumption (FOC) data, calculates vessel emissions.
- Maersk orders more ultra-large container ships
'The new vessels will be the largest in Maersk Line's fleet.'
- Monjasa: Revenue up but profit down
'Despite tough market conditions, Monjasa Group remains among the most solid bunker companies.'
- Wartsila recognised by Guinness Book of Records
Four-stoke engine is most efficient.
- Fuel efficient ship wins award at Nor-Shipping
Accolade goes to specialist offshore design.
- 'Data will provide clients with a competitive edge'
AWT has launched a new service to help ships monitor and reduce their carbon footprint.
- New hire at Glander International Bunkering
Employs Bunker and Lubricant Trader at its Singapore office.
- Mersey Bunkering adds to trading team
On back of growing volume of business.
- Green group protests HK's cold-ironing decision
Authorities urged to consider social costs of cruise ships emissions.
- No let-up in campaign for low sulphur fuels
Dan on overnight berthing at an Australian cruise terminal 'an empty gesture'.
- Wartsila makes fuel flexibility central to design process
Launches feeder vessels designs at Nor-Shipping.
- Canadian port eyes bunkering opportunity
Official sees potential in planned port expansion project.
- Vancouver struggles with bunker spill costs
'It's a bit of a maze', says Vancouver Deputy City Manager.
- Hong Kong extends scope under low-sulphur incentive scheme
LNG, scrubber technology qualify for port discounts.
- New PSV design from Wartsila
Which generates 'significantly lower fuel consumption'.
- Endeavour Bunker hires staff
New bunker trader joins Hong Kong-based firm.
- AML fined $800K for dumping oily waste
Authorities permitted to search firm's business offices and vessels for three years without a warrant.