|JUNE 9, 2015|
- US uncertain of response to Chinese high seas claims, allies divided
- A-E loop numbers fall, but capacity holds with mega ship impact: SeaIntel
- Cosco's Piraeus growth tops EU at 18pc, Hong Kong's Felixstowe No 2
- Marine Department urges shipowners to prepare for HK typhoon season
- Seaspan takes delivery of YM Winner, third 14,000-TEU SAVER ship
- China's exports contracting despite late rush of new orders
- Textile sector under growing pressure to cut water pollution
- Malaysia's KLB launches 2,500-vehicle car carrier, Zarah Sofia
- Panalpina appoints two ex-Kuehne + Nagel men to executive board
- Class society DNV GL, Jotun test marine paint impact on hull performance
- BIFA warns that cross channel freight threatened by stowaways
- Canadian crude oil exports to US decline 24pc in first quarter
- Open Skies dispute aired in Miami - are Mideast being unfairly subsidised?
- IATA's accusers in rate fixing case caught lobbying for fixed rates
- Customs seize 344 kilos of hash in air cargo at Montreal Dorval airport
- Malaysian forwarders cope after MASkargo ends Frankfurt freighters
|JUNE 8, 2015|
- "K" Line establishes joint venture cold storage company in Vietnam
- CaroTrans launches US Southeast to Japan LCL export service
- Lithuania's Klaipeda port becomes transhipment hub
- Mandatory gas-fuel ship code set for adoption by IMO's Maritime Safety Committee
- SAL delivers critical power plant equipment
- SCFI Asia-N. Europe rates slow rate of fall
- SCI boosts presence on Indian coast
- Shipping faces increased exposure from failure to manage risk, says survey
- ZIM restructures Gulf-East Coast of South America service
- Chittagong & Mongla ports in Bangladesh open for Indian cargo vessels
- Mundra Adani container terminals register highest throughput in May
- INSTC conference on June 12 in Mumbai
- Bangladesh proposes setting up SEZs to boost bilateral trade
- INR turns sharply weak against dollar
|JUNE 9, 2015|
- Irish haulier to modernize fleet
- New full service terminal in Dubai
- Turkish car terminal for special needs
- Denmark electrifying tracks
- Enhancing better food logistics
- Swire Shipping and Rickmers-Linie team up
- Greencarrier sharpening international profile
- Antwerp-Linz in under two days
- TNT launches new Liege - Malta route
- Fresh fruit takes to the road in style
- MD-11F carrying crash victims home
- Angwin already clearing desk at Panalpina
- New Belgium to Rotterdam/Cologne shuttle trains
- Shanghai port eyes stake in German facilities
|JUNE 8, 2015|
- Maaskant builds cutting-edge sustainable dredger
Damen Maaskant Shipyards Stellendam is building an innovative suction dredger for Dutch fishing co-operative YE 118 Noordland. The Noordland, a 43 m-long dredger, will harvest razor clams from the seabed using a 30 m-long suction pipe. The yard is also fitting the vessel's generators and propulsion
- Paragon resumes covenant waiver talks
With rates at historic lows and asset pricing depressed, public dry bulk companies such as Paragon Shipping are entering another round of negotiations with their lenders on loan covenants. On 8 June NASDAQ-listed Paragon confirmed it had agreed with some of its lenders to defer quarterly
- Swire, Rickmers-Linie team up for India/Oceania service
Multipurpose liner operators Swire Shipping and Rickmers-Linie have agreed to offer a joint monthly project and breakbulk service from India and the Middle East to the South Pacific. The new offering is based on connecting calls of both carriers at Singapore, where cargoes will be transloaded.
- Dae Sun Shipyard wins eco box ship order
South Korea's Busan-based Dae Sun Shipyard has been contracted to build a single container vessel by compatriot owners. The 1,800 teu eco container vessel has been ordered by Dongjin Shipping, with delivery expected in early 2017. The vessel is designed to enter the draft-restricted port of
- Yang Ming bulker arm hopes for better financial figures
Kuang Ming Shipping, the bulk shipping arm of Taiwanese carrier Yang Ming Marine, expects better performance in the second half of 2015, said its chairman at the shareholders' conference on 8 June. The company admitted that the current bulk shipping market is sluggish but insists it has a great
- Bintulu Port foresees softer market ahead
Malaysian port operator Bintulu Port Holdings expects a softer market in 2015, due to the seasonal and cyclical factors of the respective industries in the market. Bintulu is Malaysia's main LNG port. "Nonetheless, LNG vessel calls and cargoes will still remain as the main revenue contributor to
- China's bulk cargo imports down
The majority of China's major bulk cargo imports declined year-on-year in the first five months of 2015, according to statistics published by Chinese customs on 8 June. From January to May, China's coal imports slumped 38.2% y/y to 83.3 million tonnes, with average prices down 20.2% y/y to
- Tanjung Offshore pledges to address anomalies found by audit
Malaysian offshore oilfield services provider Tanjung Offshore has pledged to fix 'weaknesses' identified by a forensic audit. The recommendations were highlighted by Ferrier Hodgson's forensic audit report that began on 20 March 2015. The
- China ferry disaster: 431 confirmed dead
The death toll from the passenger ship that capsized in the Yangtze River has climbed to 431, according to data released by the authorities. Only 14 survivors have been found so far, while another 10 remain missing, according to the rescue headquarters in Jianli, central
|JUNE 8, 2015|
- Air freight trailing in hi-tech revolution, despite the renewed calls for change
- Boxlines pin their hopes on a strong peak season and new GRIs to erase the red ink
- XPO Logistics is hot on the acquisition trail as faithful investors ignore the losses
|JUNE 8, 2015|
- Lewek Constellation sets pipelay record
- Paris MOU releases new White, Gray, Black listings
- Kreuz orders DSCV from Vard for Brunei contract
- Seventy five Foss vessels gain safety awards
- ABB launches new propulsion drive
- Danish Maritime Technology Conference program available
- Huntington Ingalls gets $4.3 billion for CVN 79 work
|JUNE 8, 2015|
- Seattle, Tacoma port commissions request Seaport Alliance nod from FMC
- Customs holding three sessions to discuss careers as CBP officers
- Alaska Airlines joining alliance to test forest residual jet fuel
- Coast Guard teams medivac crewman from container ship off Washington coast
- Retail federation backs legislation changing port labor dispute process
|JUNE 8, 2015|
- Fredriksen cuts stake in Frontline
Tactical move presages sweeping change to Fredriksen empire as scale becomes crucial for tankers
- Paragon delays three kamsarmax newbuildings as dry bulk woes persist
Cost control helps Greek owner reduce loss
- Svitzer targets Malaysian towage market with new joint venture
Expansion part of long-term growth plan
- Asia-Europe volumes down in April
But trade finally begins to pick-up post-Chinese New Year
- Rising costs and overcapacity will hit box carrier profitability
But despite challenging times and low rates, the first quarter of 2015 was the most profitable in four years
- Nor-Shipping 2015: Inmarsat targets new type of customer
Russian accident report likely to ease fears of long delay of Global Xpress launch as Inmarsat targets companies seeking masses of vessel monitoring data
- Jordan debuts as LNG importer as gas gains ground in energy
LNG shipping may have to wait a few years for all the new global developments to bear fruit
- HHIC sells assets to pay off debt
South Korea shipbuilder will raise short term debt to help pay off bond coming due
- Critique of containership overinvestment resonates as rates collapse
'Gamble' of rush to buy big boxships for Asia-North Europe leaving owners with an empty hand
- View from the Bridge: Karl Gernandt
Kuehne+Nagel's chairman wants carriers to remember the business they're in
- Dae Sun nabs another order for eco-design boxship
Feedership design is intended for ease of access to Bangkok's port
- China sets up new shipping regulations to promote free trade zones
Beijing is liberalising its cabotage restrictions in all the FTZs
- Swire and Rickmers to launch breakbulk partnership
Move will connect Swire's Middle East and Australia Pacific networks via Singapore
- Greek ferrymen braced for new shock
Recovering sector wary of 'disaster' if VAT rates rise at behest of Greece's creditors
- Class societies question the need for Japan's MOL Comfort response
Proposals to be submitted to IMO this week are too late and superfluous as new industry structural-strength rules well advanced, say prominent IACS members
- Careering around the oceans
Would you encourage your son, or daughter for that matter, to take up a career at sea?
|JUNE 8, 2015|
- Teamsters, US car-haulers start national contract talks
The Teamsters union and U.S. car-hauling trucking companies are preparing to negotiate a new multi-year contract at a time when the automotive business, and car-hauling, is booming. The union and management group exchanged proposals last week and will start negotiations on the National Master Automobile Transporters Agreement June 10, the Teamsters...
- North America-Mediterranean carriers face growing trade imbalance
Declining U.S. exports are offsetting U.S. imports and confronting container lines with tough decisions in the Mediterranean-North America trade. U.S. containerized imports from the Mediterranean fell 1 percent year-over-year in April and rose 0.5 percent in the first four months of 2015, while export volume plunged 14 percent in April and...
- Feds asked to prevent alleged illegal ILWU chassis inspections
Chassis leasing companies and California truckers are asking federal agencies to act quickly to prevent what they say are illegal chassis inspections by the International Longshore and Warehouse Union at U.S. West Coast ports. "We've definitely seen an uptick in these unnecessary inspections since the contract was ratified last month," said...
- Investment to fuel RoadOne IntermodaLogistics expansion
RoadOne IntermodaLogistics will expands its services and footprints for both domestic and international business after receiving a substantial investment. Tritium Partners, an investment firm out of Austin, Texas, has invested an undisclosed amount into the Baltimore-based national intermodal, distribution and logistics services company. RoadOne President and CEO Ken Kellaway said Tritium's...
- Terminal operator HHLA orders modern gantries for Hamburg
Port of Hamburg terminal operator Hamburger Hafen und Logisitik AG has ordered two new container gantry cranes for its Container Terminal Tollerort in preparation for the next generation of mega-ships. The new cranes are designed to handle container ships with a capacity of 20,000 20-foot-equivalent units, stretching across 24 container rows,...
- Swire, Rickmers-Linie form India, Mideast partnership
Swire Shipping, the liner shipping division of China Navigation, is teaming up with Rickmers-Linie, the breakbulk and heavy-lift carrier, to enhance services in India and the Mideast. A connecting carrier partnership will allow Swire to link breakbulk and project cargoes in India and the Middle East, through Rickmers-Linie operations, to its...
- Greener ports for a greener future
Cleaning up shipping and its emissions is a hot topic, pushing the whole industry and its regulators towards a greener future. Since January, the latest regulations require shipowners to use low-sulphur fuel oils in emission control areas or to retrofit their vessels with scrubbers or use alternative energy sources. Emission limits...
- Port Manatee seeks to mirror the growth of Port Everglades
Carlos Buqueras says Port Manatee on Tampa Bay reminds him of Port Everglades, Florida, more than 20 years ago. "I recently pulled out a Journal of Commerce article from 1993 that referred to Everglades as primarily a bulk port. Look how it's changed," said Buqueras, who became Port Manatee's executive...
- US intermodal volume outpaces carload traffic
For the first time on record, monthly intermodal traffic has exceeded carload traffic on U.S. rails, due in large part to a soft industrial economy. U.S. railroads moved 1,085,968 containers and trailers last month, up 3.8 percent year-over-year, according to the Association of American Railroads. A boost in intermodal traffic wasn't...
- Indictments, jail terms underscore cargo theft threat
As U.S. economic activity picks up, cargo thieves are trying to suck up or siphon off as much freight as possible. A U.S. court recently sent three Miami-area men to prison for taking part in a multi-million-dollar cargo theft ring that targeted retail medicines and other products. The May 29 sentencing...
- Russia looks to Far East for container volume growth
ST PETERSBURG - Far East ports, such Vladivostok and Khabarovsk, will drive Russian container volume growth, as trade between Russia and China grows through greater economic cooperation, according to new government forecast out of Moscow. In terms of overall Russian container volume, the share of traffic through Far East basin ports...
- Norfolk Southern names largest train classification yard for Wick Moorman
NORFOLK, VA - Norfolk Southern Corporation (NYSE: NSC) is naming its largest freight train classification yard after Charles W. "Wick" Moorman for his leadership in support of freight railroads and their investors, customers, and employees. "Moorman Yard" is now the official name of Norfolk Southern's Bellevue, Ohio, yard. Moorman retired June 1, 2015,...
- Eurotunnel sells cross-Channel shipping business to rival DFDS
LONDON - Eurotunnel, the operator of the subsea rail link between the U.K. and France, has sold its ferry operation to rival carrier DFDS a year after British regulators demanded its withdrawal from the cross-Channel route. The Paris-based company said it had accepted a binding offer from the Danish line for...
- Globe Express Services appoints Mustapha Kawam as President and CEO
Board of Directors of Globe Express Services has recently appointed Mustapha Kawam as President and CEO of Globe Express Services. Kawam joined Globe Express Services in 1995 and has held a wide range of leadership positions in the company. Since 2009, he has served as Managing Director - Gulf States...
- IATA's 71st Annual General Meeting commences
Miami - The International Air Transport Association (IATA) opened its 71st Annual General Meeting (AGM) and World Air Transport Summit in Miami, Florida, with more than 1,000 industry leaders and media in attendance. The meeting is being hosted by American Airlines, FedEx, UPS and Airlines for America (A4A). "We are excited...
- Brazil's footwear firms seek Italian toehold
Brazilian shoe manufacturers are this month eyeing up export opportunities to Italy, with the national footwear association mounting an expedition to Lake Garda in an effort to find markets. With the backing of the Brazilian Agency for the Promotion of Exports and Investment, the national footwear association Abicalçados is coordinating the...
- Euro's slide breathes new life into European 3PL sector
Europe's normally low-key logistics sector is suddenly hitting a high note, as a flurry of billion-dollar acquisitions kick-starts the long-stalled consolidation of a fragmented industry. U.S. companies are playing a key role in the makeover as they capitalize on the euro's steep, yearlong slide against the dollar to snap up European...
- Sharp Electronics names Southeastern 2014 LTL Carrier of the Year
LEXINGTON, S.C. (June 8, 2015) Southeastern Freight Lines, the leading provider of regional less-than-truckload (LTL) transportation services, has been recognized for its outstanding service performance as the 2014 Sharp LTL Carrier of the Year by Sharp Electronics Corporation, a manufacturer of unique electronic products and solutions. This is the third year for...
|JUNE 8, 2015|
- Safe sinks into red
Safe Bulkers reported a larger-than-expected first-quarter loss as the New York-listed shipowner's revenue plunged by 22.2%.
- Bulker aids stricken boat
A Greek-controlled bulker aided a disabled sailing vessel off the US east coast as the boat's passengers awaited help from the US Coast Guard.
- US export momentum grows
Crude tanker markets could benefit if growing momentum for US energy reform succeeds in opening more exports, according to analysts at Evercore ISI.
- Chinese work for Diana
Diana Shipping of Greece has secured an improved daily rate for one of its panamaxes.
- Six in, five out
Bangladesh Shipping Corporation (BSC) has won government approval for a new six-ship order while lining up five vessels for scrap.
- Vard gets new client
Vard Holdings has kicked off its collaboration with Kreuz Subsea of Singapore with an order for one diving support and construction vessel.
- Double boost for Paragon
Paragon Shipping has secured an agreement with lenders that has seen it return to compliance with its loan covenants.
- Can't get the staff
Lithuania's Western Baltija shipyard is being forced to look overseas for more expensive workers due to a dearth of skilled staff at home.
- Ceres talk cooled
Rumours circulating in the shipbroking world that Peter Livanos had sold four medium range tankers to Sinokor appear to have stemmed from a misunderstanding.
- Svitzer expands in Asia
Svitzer is looking to secure its footprint in Malaysia by joining forces with a local marine service provider.
- Saverys ups Hanjin series
Alexander Saverys fronted CMB has grown its footprint in the boxship market with a double newbuilding order, sources believe.
- IHB ups earnings
Shipbuilder and bulker owner Industrial Holding Bulgaria (IHB) has seen profit jump in the first quarter as revenue increased.
- India gets white flag
The Paris MoU has allowed India to join the list of white flag nations, while the overall number of top-rated flags decreased.
- Laid-up ship raided
Panamanian naval forces have arrested a gang who boarded a laid-up general cargoship off Colon.
- Eimskip's patience ending?
Icelandic owner Eimskip is to make a final decision this summer on whether to cut its losses on a Chinese boxship newbuilding delayed by three years.
- Stopford's 50-year view
As the curtain came down on the 50th anniversary of Nor-Shipping Clarksons Research veteran Martin Stopford was asking what the industry may look like 50 years from now.
- Fugro heads to Alaska
Dutch owner Fugro has won a big offshore oil and gas contract in Alaska.
- China's crude cut-back
Official figures have shown a fall of nearly 25% in Chinese crude imports, adding to worries linked to oil over-supply.
- Swire pens MPP deal
Swire Shipping and Rickmers-Linie have announced a new collaboration in the multipurpose sector.
- Tanker prices to close gap
JP Morgan has tipped tanker asset values to close the gap on the strong crude and products spot markets.
- Susitna future clouded
A US local authority must decide whether to repair a laid-up $78m ferry after rain soaked its equipment.
- Bombs disrupt ferries
Ferry sailings were cancelled after two massive unexploded World War II bombs were discovered on a Calais beach.
- CSG cuts Haisheng stake
A healthcare group has become the new largest shareholder in Chinese tanker and bulker owner China Shipping Haisheng.
- Vroon fixes out feeder
Vroon has wasted little time securing employment for a feeder containership recently acquired at auction.
- DFDS bids for ro-pax duo
DFDS says it has submitted a binding offer to Eurotunnel for the charter or purchase of two former cross Channel ferries.
- Odfjell opts for retrofits
Odfjell is refitting a series of chemical tankers in an effort to optimise propulsion efficiency and lower fuel consumption.
|JUNE 8, 2015|
- Port labor dispute bill attacked as 'outrageous, extremist, anti-worker'
- Tax, customs agencies often at odds over valuation
- Swire partners with Rickmers in India, Middle East
- U.S., South Africa discuss agricultural trade
- U.S. steel exports retract in April
- Hamburg terminal invests for 20,000-TEU vessels
- Cargo volumes increase at Brussels Airport
- AA Cargo utilizes new aircraft
- Seattle, Tacoma seek FMC approval for seaport alliance
|JUNE 8, 2015|
- DFDS buys Eurotunnel ferries
And ends long-running dispute between companies.
- Study prompts renewed call for tough action on shipping emissions
Environmentalist NABU repeats charge that scrubbers are a 'lukewarm' response.
- Singapore LNG conference expecting high attendance
Pre-event registration open for October event that will feature sessions on LNG as fuel.
- China moving closer to clamping down on ship emissions
Proposed rules 'would be in line with international standards.'
- Only minor sulphur infractions found in Sweden
None of the vessels found to exceed ECA limit were fined.
- Fuel oil trading houses 'betting against each other'
'Unprecedented volumes' of product are being traded in the Singapore market.
- LNG bunkering station starts operations at Risavika
Station uses a loading arm specially designed for LNG bunkering, says Skangas.
- Hull design firm eyes commercial shipping
To extend reach of its fuel-saving technology.
- Rolls Royce propulsion system in sea trials
Azimuth thruster powered by permanent magnet technology.
- Norwegian shipowner in bunker-saving move
Company sends 11 vessels for upgrading work.
- Singapore: MPA approves MFM-equipped bunker tanker
Vessel operated by Singapore-based Sinanju Tankers.
- Seaspan receives fuel-saving vessel
Delivered as part of Saver design series.
- Malta: Oil trading JV to enter bunkering sector
JV formed between Malta Enterprise and Singapore's International Energy Group last month.
- Barcelona to boost bunker supplies
With the addition of a bunker barge.
- Alliances mean fewer liner calls at hub ports
'Notable reductions' in call frequencies at Hong Kong and Rotterdam.
- Tanker hijacked off Malaysian coast
Second such incident to occur in the region last week.
- Arrested ship up for sale
Date set for late June.
- OW Bunker Middle East, liquidators reach deal on assets
Liquidators, receivers to co-operate in the collection of receivables, says PwC.