|JUNE 8, 2015|
- A-E down 13pc to US$284/TEU, transpacific off 5.4pc to $1,447/FEU
- IMF cuts US economic growth forecast to 2.5pc from April's 3.1pc
- 10 RTGs arrive at DP World Southampton to boost box flow
- China Development Bank lends US$2 billion to South Africa's Transnet
- Sliding bridge that raises capacity on box ships now approved by DNV GL
- Retailers and shippers welcome US PORTS back-to-work Senate bill
- Commissioned eco report on Nicaragua Canal describes project as 'viable'
- CEVA expands services to Spanish household do-it-yourself chain AKI
- UAE lays down new rules on ship-to-ship offshore bunker transfer
- Air freight had good first quarter, but business now stagnates
- TSA resets after screeners miss 95pc of contraband in tests
- GSAs boost share of air cargo with global volume up by 3.3pc
|JUNE 7, 2015|
- David Williams appointed CEO of Safmarine
- Maritime Advisory Council (MAC) launched in Dubai
- SCI should acquire used LNG vessels till indigenous carriers are built: Gadkari
- Tanker shipping's fortunes seen dependent on US shale oil production
- India set to export cheese to Russia
- INSTC routes will bring down freight charges between India & CIS
- JNPT inks MoU with MMB for developing satellite port off Dahanu
- KPCT & CONCOR announce launch of train service for cargo containers from Bangalore to Krishnapatnam Port
- Shipping Minister launches Tier-I Oil Spill Response Centre for Mumbai & JNPT harbour
- CONCOR bestowed Dainik Bhaskar India Pride award
- Average applied import tariffs increase to 13 pc in 2014-15
- Factory production index surges to 4-month high of 52.6 in May
- Forex reserves recover by $ 918 m to $ 353.47 bn
- India's economy to show 'strong & stable' growth of 7.3 pc in 2015: OECD
- INR ends better at 63.76 after falling to 64.01 against dollar
- Output of core sectors contracts 0.4 pc in April
- BHEL wins largest-ever power project order
- China's factory sector grows to six-month high, but exports continue to fall
- Dubai to surpass London, New York & Tokyo to become top maritime centre by 2020, says study
- SAIL foresees steel demand to increase by 8-9 pc in FY16
|JUNE 8, 2015|
- Transformation in Aktau Asia/Pacific
- Electrically powered trucks face up to real life
- Pakistan greenlights accession to UN TIR convention
- Direct load network extended
- TNT transports T-rex skull to Europe
- Deborah Ale Flint flies from Oakland to Los Angeles
- Transnet bags locomotive funding
- Shanghai-Rotterdam index slides yet again
- Singapore Airlines' livery honours SG's golden jubilee
- Jaussi takes seat at Astag wheel
- Iata sees early signs of slowdown in airfreight
- Go-ahead for Sydney freight project
- Long Beach adopts port budget
- Common investment in port facilities
- Thailand: dry canal instead of Kra Canal?
|JUNE 5, 2015|
- Carnival launches 'voluntourism' cruise brand
Carnival Corp has unveiled a new cruise brand called 'fathom' geared towards travellers wanting to make a 'social impact' through combing voluntary work with tourism, an activity increasingly known as 'voluntourism'. Fathom will be launched in April 2016, sailing seven-day voyages from Miami to the
- New ABB marine electrical propulsion drive
ABB, a leading power and automation technology group, has launched a new propulsion drive. The NektonDrive is a low-voltage variable speed drive specially designed for demanding marine applications. It comes with a power range from 710 to 5700 kW at 690V AC. The NektonDrive helps vessels use
- DNV GL Energy Study shows rise in awareness of performance monitoring
Only about a third of shipping companies are aiming for energy savings of 5% or more, a new study by DNV GL Energy Management suggests. While energy saving is a high priority, with three-quarters of those questioned naming fuel savings as a topic of high importance, in many cases shipping companies
- Damen seeking stake in Vietnam shipyard
Dutch shipbuilder Damen is looking to acquire a 49% stake in Vietnamese shipyard Ha Long, according to reports in Vietnamese state media and a press release by Ha Long's parent company, the state-owned Shipbuilding Industry Corporation (SBIC). An official from Damen told IHS Jane's that the company
- Cargill, other creditors pursue Mercator Lines
Singapore-listed dry bulk shipping company Mercator Lines is in talks with creditors over its restructuring process, including a statutory demand from trading company Cargill on certain deferred purchase contracts. According to its filing to the Singapore Exchange, Mercator Lines cited that the
- Transatlantic aviation cargo on the rise
Demand for transatlantic project cargo and full container load shipments from aircraft manufacturers is going up in May as European consortium Airbus ramps up deliveries from Germany to its new US assembly plant. According to Germany's DHL Global Forwarding, which has won a two-year freight
- Suspended Colombo Port City project may resume
The suspended Colombo Port City project in Sri Lanka is likely to resume, said Sun Ziyu, vice-president of China Communications Construction Company (CCCC), at a conference in Macao on 4 June. Sun is confident that the project, which was suspended in March, would continue. In a proposal submitted
- Scorpio Bulkers continues retreat
NYSE-listed Scorpio Bulkers has sold another five newbuilding contracts as it scrambles to reduce its exposure to depressed freight rates. The Emanuele Lauro-led dry bulk company announced the sale of three Capesize contracts and two LR product tanker newbuild contracts for a combined price of
- Armed men hijack two vessels in South China Sea
Armed men have hijacked two vessels in the South China Sea. Malaysian-flagged product tanker Orkim Victory was boarded in the South China Sea off Pulau Aur, Malaysia, on 4 June and had its oil cargo siphoned off. Orkim Victory, laden with petroleum cargo, was under way from Sungai
- Yangtze River cruise vessel righted
Capsized Yangtze River passenger ship Dong Fang Zhi Xing has been righted by the search and rescue team on 5 June at 07:30 h. The search and rescue team started to hoist the capsized cruise ship at 16:00 h local time on 4 June, according to the MoT.
- Liner shipping industry to remain under pressure
The unabated trend of ultra-large container ship (ULCS) orders means the liner shipping industry will remain under pressure, said Italian broker Banchero Costa. IHS Maritime's Sea-web.com data show that deliveries for 2015 are expected to total 250 ships of 1,860,583 teu. Of these, 69 are ULCSs,
- Hyundai Mipo Dockyard far from meeting order target
South Korean mid-tier shipbuilder Hyundai Mipo Dockyard's (HMD's) shares are expected to show weakness as it has a long way to go in meeting its 2015 order target. In a report following a visit to the Ulsan-based yard, Samsung Securities analyst Han Young-soo noted that the Hyundai Heavy Industries
|JUNE 5, 2015|
- ASL rebrands its European airlines under a single name and eyes fleet expansion
- UTi Worldwide has 'turned the tide', with new business and market share on the up
- Another new low for Asia-Europe rates as carrier GRIs again fail to make an impact
|JUNE 5, 2015|
- Gladding Hearn delivers second pilot boat to Cape Fear
- Bouchard names new VP of Sales and Operations
- Odfjell to retrofit and upgrade eleven chemical tankers
- Tanzanian operator takes delivery of eighth Incat Crowther
- Bill introduced to help U.S. ship recyclers
- Milestone Becker Mewis Duct on display at Nor-Shipping
- Verreault expands its dry dock
|JUNE 5, 2015|
- Corps opens comment period for Vancouver petroleum terminal
- Port Angeles Port Commissioner to speak before Senate committee
- Trucking association calling for Mike Russell Award nominations
- Port of Seattle honors customers with fifth annual Green Gateway Awards
- Diana Shipping takes delivery of dry bulk carrier MEDUSA
|JUNE 5, 2015|
- Maersk targets at risk as rates hit new low
With spot rates failing to cover anything more than bunkers costs, the Danish giant may struggle to regain market share losses and maintain its profit guidance
- Opec ministers stick to 30m barrels limit
An obvious decision in Vienna, but US shale isn't going away and the oil cartel faces a test of nerve in coming months
- Asia-north Europe rates fall a further 17%
June GRIs fall flat as freight rates stoop to new all-time lows
- Aronnax@Nor-Shipping: A final word on bubbles
One of the three companies that make air bubble hull lubrication systems, Foreship, was at this year's exhibition in Oslo
- Torm calls extraordinary general meeting to rewrite articles of association
New articles will allow company to push ahead with restructuring when it gets the green light from the English law courts
- Shanghai International Port is open to buying stakes in German ports
SIPG chairman Chen Rongyuan says that operator of the world's busiest port would like a shareholding relationship with German counterparts
- Cape malaise as recovery comes to nought
Singapore public holiday takes steam out of recent activity
- Dorian LPG to receive as many as five new VLGCs in next seven weeks
New York-listed Dorian enters rapid expansion phase as market stays hot
|JUNE 5, 2015|
- CMA CGM orders six 14,000-TEU ships
CMA CGM has ordered six ships with capacities of 14,000 twenty-foot-equivalent units for delivery in early 2017 by South Korea's Hyundai Heavy Industries Ulsan shipyard. CMA CGM, which ranks third in global container ship capacity behind Maersk Line and Mediterranean Shipping Co., has seven additional vessels on order at three shipyards. The...
- Carriers revise Asia-West Coast South America routes
Container ship lines are shaking up their alliances operating between Asia and the West Coast of South America. Alphaliner reports that Mediterranean Shipping Co., CMA CGM, Hapag-Lloyd, Hamburg Sud, China Shipping, Hanjin and Hyundai Merchant Marine are revising their existing services on the route, and that Yang Ming plans to enter...
- Logistics center planned for ex-steel mill site near Baltimore
A 3,100-acre tract near Baltimore that was once was the site of one of the largest steel mills and shipyards in the United States will be marketed as a logistics and manufacturing center. JLL has been named real estate services provider for Sparrows Point Terminal LLC. Engineering firm Parsons Brinckerhoff will...
- More LNG-ready container ships ordered for Baltic trade
Belgian container ship owner and operator Delphis has doubled its order for two liquefied natural gas-ready ships that will be carry up to 1,900 twenty-foot-equivalent units and be strengthened for operation in ice. Delphis ordered the first two of the ships last November from Hanjin Heavy Industries & Construction in South...
- Hiring at US trucking companies surges in May
The U.S. trucking industry approached its pre-recession employment peak in May as the U.S. economy added 280,000 jobs. For-hire trucking companies hired 8,600 employees last month, compared with 1,700 workers in April, the Labor Department reported today. The strong bounce-back in new job numbers in May could allay fears the economy...
- Deep-sea Krishnapatnam port gains direct rail to Bangalore
Privately-operated Krishnapatnam Port Container Terminal, riding high on significant traffic gains last fiscal year, has received a further boost with state-owned rail operator Container Corporation of India launching a new hinterland link to the east coast harbor. Concor would begin operating a weekly intermodal service between Krishnapatnam and Bangalore, effective June...
- Big ships bring big challenges to ports
If I were standing in the shoes of a logistics director responsible for moving thousands of container loads of goods around the world, I'd have no choice but to be concerned about the system I rely on to get these goods from origin to destination, and to make those concerns...
- US soybean exports set to decline further
U.S. soybean exports are projected to decline this year in terms of both value and volume due to the strong dollar and competition from Brazil and Argentina, according to JOC.com economist Mario Moreno. The good news for shippers of this important agricultural product is that when sales do pick up, the...
- Port of Seattle celebrates Green Gateway Awards
SEATTLE-The Port of Seattle recognized several maritime businesses for their innovative approaches to environmental stewardship. The fifth annual event highlighted the energy and effort that businesses along the working waterfront do on a daily basis to make Puget Sound a cleaner place. "We started the Green Gateway Awards program...
- Second agriculture transportation summit announced
Ankeny, Iowa and Washington, D.C.-On Aug. 4-5, the National Grain and Feed Association (NGFA) and the Soy Transportation Coalition (STC) will host the second Ag Transportation Summit: "Transportation Capacity - Overcoming the Challenges." The event, sponsored in part by the U.S. Department of Agriculture's Agricultural Marketing Service, will be held...
- US beef, pork exports rebounding as West Coast congestion clears
U.S. beef and pork exports in April regained some momentum as congestion at West Coast ports dissipated and vessel scheduling in the trans-Pacific improved. "April was really the first time this year that we saw relief from the West Coast port situation, not that shipping traffic was completely back to normal,...
- US Senate bill would allow president, governors to act against port slowdowns
A bill introduced in Congress on Friday would empower the president to intervene to halt port labor slowdowns as well as strikes, and would allow state governors to initiate the process for federal back-to-work injunctions. Sen. Cory Gardner, R-Colo. and Senator Lamar Alexander, R-Tenn., sponsored the Protecting Orderly and Responsible Transit...
- Norfolk Southern dedicates locomotive to first responders
WASHINGTON, D.C.- Norfolk Southern (NYSE: NSC) in a ceremony at Washington, D.C.'s Union Station unveiled its latest commemorative locomotive, a vibrant SD60E honoring emergency first responders. The locomotive - with insignia recognizing police, fire, and emergency services - will enter general revenue service on Norfolk Southern's 22-state network. "The relationships we...
- Sanctions, oil price drop rattle Russian container shipping industry
ST PETERSBURG - Western sanctions and the fall in oil prices that devalued the rouble have devastated Russian container volume and sent shockwaves through the sectors dependent on the business. But there is some hope that fortunes will begin to improve in the coming months. Container volume at the Russian national seaports...
- Intra-Asia trade driving container shipping demand
LONDON -The intra-Asia trade will continue to drive container ship demand as carriers launch new services across the region, according to Alphaliner. At least 33 new weekly regional loops will be launched by the end of June, deploying 98 ships, more than any other trade lane, the industry analyst said. Half of...
|JUNE 5, 2015|
- Clyde adds in San Francisco
Clyde & Co has hired a new shipping law partner in San Francisco as it continues to add to its California team.
- VLCCs see down week
Day rates for VLCCs declined by more than $10,000 on both the benchmark westbound and eastbound routes, according to MJLF.
- The new normal?
The number of unemployed platform supply vessels (PSVs) has returned to levels last seen in the autumn in the North Sea, but rates are lagging way behind.
- Greeks' dry gamble
The US and Greece have retained their titles as the biggest spenders on secondhand tonnage for the first five months of 2015, but they have different tastes in ships.
- TNG wins three-year fix
Croatia's Tankerska Next Generation (TNG) has fixed the second of its two new Korean resale MRs for a better rate over three years.
- The upside to down
We take a look at what was said in the market over the past week.
- Rail canal for Thailand?
South Korea has floated the idea of a "rail canal" in Thailand to load ships on to trains in a bid to slash voyage lengths.
- Double attack off Malaysia
Two vessels have been attacked by pirates off Malaysia but all crew are reported safe.
- NYK Stolt options lapse
NYK Stolt Shipholdings (NSSH) will not go ahead with the final two optional vessels in a series of six parcel tankers at Usuki Zoshensho in Japan.
- Immigrants on Stena ship
Sixty-eight immigrants have been found inside four lorries on a Stena Line vessel at Harwich port, Essex.
- Indonesia's cash block
Slowing economic growth and red tape have been blamed for delaying investment in Indonesia's shipyard industry this year.
- Rem duo extended
Rem Offshore has stretched charter deals for two ships with ExxonMobil Exploration and Production Norge.
- Drugs ship raided
Italian forces have boarded a Turkish cargoship and recovered 12 tons of hashish.
- Newbuildings to get busy
Dorian LPG has roughly met the consensus for the fourth quarter and Wells Fargo expects the company to secure long-term employment for its incoming vessels.
- Pan Ocean paying more
South Korean shipowner Pan Ocean has amended its latest court rehabilitation plan to pay more back to creditors.
- Buenaventura disrupted
Operations at Colombia's Buenaventura port have been delayed due to electricity problems following the destruction of a power tower.
- Bore trials rotor kit
Finland's Bore has claimed new sail technology can knock 20% of fuel bills.
- Clipper exits tankers
Denmark's Clipper Group has sold its last tankers as it focuses on profitable ro-ro and ferry operations.
- Asian owners lead demo
Asian shipowners have taken over from Europeans as the leading region for ship demolitions, latest research shows.
- Samskip brings in Alk
Iceland's Samskip has chartered in a German containership to cope with increased demand.
- Could do better
Only about one third of shipping companies are aiming for energy savings of 5% or more, according to a new study by DNV GL.
- Saigon Port eyes IPO
Vietnam's Saigon Port Company has announced plans for an initial public offering (IPO) on the Ho Chi Minh Stock Exchange.
- Hedland hits new high
Australia's Port Hedland has seen iron ore exports expanded to an all-time high last month, data from Pilbara Ports Authority shows.
|JUNE 5, 2015|
- IMF downgrades U.S. economic growth forecast
- TIA: Don't hold your breath on transportation bill
- Container spot rates continue to tumble
- Senate committee sends TSA nominee to floor for confirmation
- WTO: India's rules discriminate against U.S. poultry imports
- Canada, Mexico turn up heat on U.S. COOL
- enVista starts e-commerce platform for mid-market retailers
- Maritime vessel hijacked in South China Sea
- Port of Rotterdam upgrades container terminal
- FEC Railway helps retailers replenish store shelves
- UP to invest $137 million in California
|JUNE 5, 2015|
- OPEC: Output to remain 'unchanged'
Second time in six months that the organisation has chosen to take no action.
- GOI partners with Q8Oils to open supply company
Manufacturing will begin on July 1.
- Firm touts benefits of dry scrubber technology
Systems are 'emissions-free', says Nordkalk.
- Kinder Morgan: Anti-oil spill measures part of expansion plan
Firm to charge shipping companies a fee to pay for new oil spill cleanup equipment.
- Ex-wharf bunker prices 'cheaper than cargoes'
Fierce competition between Singapore suppliers.
- OW collapse was bunker sector's 'biggest tragedy'
'OW case has had negative consequences for the entire bunker business' says Dan-Bunkering's CEO.
- Viswa Lab figures suggest fuel prices not reflecting real value
True Worth Index calculations once again find the Middle East had the best regional quality.
- British Columbia: More funding for LNG-powered ships
Government in move to cut GHG from transport sector.
- Contaminated bunkers row lands in court
US fuel supplier squares up to commodities trader over alleged contaminated cargo.
- Russian VGO exports in decline
But data on volumes 'sketchy'.
- Geos: Quicker bunkering turnaround at Great Yarmouth
Company hooks up with a logistics solutions provider to 'improve' operational efficiency.
- Bestobell wins supply deal for LNG-powered ferry
Vessel currently under construction at a Chinese yard.
- ABS issues LNG bunkering guidelines
In response to 'industry's growing interest in gas propulsion'.
- Finnlines vessel to be fitted with Alfa Laval scrubber
Order is the 10th installation of the PureSOx exhaust gas cleaning system to be ordered by Grimaldi Group.
- Study: One-third of shipping firms aim for 5% energy savings
Reveals performance monitoring awareness is on the rise.