|JUNE 10, 2015|
- Shanghai May volume rises 4.7pc to 3.16 million TEU, up on April by 1.5pc
- MOL ups Asia-west coast of South America rate US$750/TEU July 3
- 'Misclassified' truckers demand employee status from Cosco in Long Beach
- PORTS Bill an overreach, eviscerates bargaining rights, says AFL-CIO
- New EU regulation makes it easier to arrest ships via Dutch courts
- More UN rules to live by as IMO frames regulations on LNG use
- Peruvian dockers back to work after 3-week strike at APMT terminal
- WTO rules against India's US poultry ban, big win for US producers
- CaroTrans' Atlanta, Tokyo, Yokohama, Kobe, Nagoya, Osaka LCL service
- AAL adds Prince Rupert to heavy-lift Pacific service
- Korean Air codeshares with Air France, Alitalia boosts frequencies
- AA Cargo opens routes to Far East from Dallas with new 787
- Freighters demand to trend higher over next 20 years: ACMG
|JUNE 9, 2015|
- Nitin Gadkari inaugurates online collection of light dues
- Shipping Secretary makes maiden visit to JN Port
- Swire Shipping & Rickmers-Linie form strategic partnership in India & Middle East
- Adani Ports organises interactive session 'North India Market Connect' in Delhi
- Angré Port in Jaigad receives first commercial cargo vessel
- Wheat shipped into Cochin Port after a decade
- Eminent speakers to address INSTC conference on June 12 in Mumbai
- Railways to sell stakes in subsidiaries to raise funds for infra development
- INR recovers moderately against US currency
|JUNE 10, 2015|
- Temporarily grinding to a halt
- New tasks after the merger
- Transcarga ready for the big leap
- Keeping an eye on the big picture
- Collision avoidance systems raise road safety
- More automotive logistics
- Hungary first country to join China's Silk Road
- Russia: new standards for rail-fastening assemblies
- Contract with Bombardier in the bag
- Switzerland and neighbours checking freight trains
- A "yes" for LA port budget
- Checking north-south transport corridor project
- New next-day intermodal rail service in Florida
- Asia: smaller ships in great demand
- New CEO lands at Atlantic Airways
- China Eastern flying Beijing-Guangzhou route
- Iata inks support pact for new Mexican airport
- Amazon creates plethora of new jobs in USA
|JUNE 9, 2015|
- US importers ratchet down box outlook
America's largest retail trade group is reducing its growth forecast for summer container imports as port business returns to normal following ratification of a west coast dockworker contract. The National Retail Federation (NRF) adjusted down box import growth estimates between June and September
- DNV GL takes view on alternative fuels
DNV GL has released a position paper, The Fuel Trilemma: Next Generation of Marine Fuels, which examines a diversifying ship fuel market and the threefold problem of affordability, sustainability and safety. These factors will govern choices for emissions that meet regulations for CO2, SOx and NOx
- Italy, Malta, and the UK call for rescue law reform
In the first session of the Maritime Safety Committee's special session on mixed migration at sea today, a review of rescue regulations to clarify the role of ships in mass rescues at sea was called for by Italy, the UK, Malta, the International Chamber of Shipping (ICS) and the Baltic and
- Yangtze ferry disaster ship moved upstream
Chinese rescue teams have decided to move the stricken Yangtze River ferry Eastern Star upstream to calmer waters to continue to the search for the remaining missing passengers. According to local authorities, the ship will be towed by heavy lift vessels, and 13 divers will continue to search the 150m² area where the
- Oshima receives DNV GL AiP for new LNG-fuelled bulker
An LNG-fuelled Kamsarmax bulk carrier designed by Oshima Shipbuilding Company has received an Approval in Principle (AiP) certificate from DNV GL last week at Nor-Shipping in Oslo. With the new design, Oshima found ways to comply with DNV GL class rules as well as current and upcoming regulations,
- Shipping playing vital role in saving sea migrants, says UN head
Shipping has a crucial role in saving lives, UN Secretary General Ban Ki-moon said in a video message shown at this morning's IMO session on unsafe mixed migration by sea. Ban Ki-moon said that the saving of lives "remains an urgent priority" and recognised the shipping industry's and rescue
- Terminals failing to meet the mega ship challenge
Collaboration along on the supply chain will be key to the seamless cargo operations of the future, but at the moment container terminals are failing to meet the challenge of bigger ships and consignment sizes per call. "In the largest container ship category, there has been a slight decline in
- Odfjell tankers receiving MAN propeller & rudder upgrades
MAN Diesel & Turbo's Propeller & Aft Ship organisation has announced an order to retrofit and upgrade 11 vessels in the Odfjell chemical tanker fleet. The vessels are of the Kværner class (about 37,500 dwt with 52 cargo tanks) and are due for docking from 2015 to 2017, during which time the upgrades
- Bumi Armada appoints new independent director
Malaysia-listed offshore services provider Bumi Armada has appointed Steve Newman as an independent director of the company with effect from 1 July 2015. Prior to his appointment, Newman was president and CEO of Switzerland-headquartered offshore drilling company, Transocean from 2010, until his
- Xu Wenrong steps down as vice-president of China Shipping Group
China Shipping Group announced that Xu Wenrong will no longer serve as the vice-president of the Group from June 2015. Xu's career in the company began in June 2011 as the Chief of Discipline and Inspection. He was appointed as the vice-president of the group in February 2014. Prior to joining
- JES appoints new vice-CEO
Singapore-listed shipbuilder JES International Holding has appointed a new vice-CEO Wu Wei to assist the company's board of management. JES cited in its filing to the Singapore Exchange (SGX) that the new appointment holder will execute the decision made by the board of management for meeting sales
- Uni-Asia sets up subsidiary in South Korea
Singapore-listed alternative assets direct investment firm Uni-Asia Holdings has established a new wholly owned subsidiary in South Korea to promote the company's ship-related services in the country. The new subsidiary, known as Uni Ships and Management Korea (Uni Ships Korea), has completed the
- Svitzer enters Malaysia market
Towage and salvage company Svitzer has formed a joint venture (JV) with Malaysian-based SVR Marine Services in a bid to break into the Malaysian market. The JV will help to support Svitzer's strategic objective of entering new markets and broadening its
- Vard secures DSCV contract from Kreuz Subsea
Singapore-listed offshore vessel designer and builder Vard Holdings has secured a contract for the design and construction of a diving support and construction vessel (DSCV) for oil and gas service provider Kreuz Subsea group. The DSCV will be of VARD 3 17 design, which has been developed
- Chinese steel exports to emerging markets increase
Chinese steel exports to emerging markets have quickened pace compared with those shipped to some developed countries during the first four months of 2015. Steel exports to ASEAN member states jumped 49.7% year on year (y/y) to 10.5 million tonnes in the first four months of 2015, accounting for
|JUNE 9, 2015|
- End of the road for Norbert Dentressangle as 'WEAREXPO' gets in the driving seat
- 'No technical reason' why containerships can't carry over 20,000teu, TOC hears
- More carriers introduce online air cargo booking as modernisation creeps in
- Aggressive Maersk hopes its big guns will be enough to see off weaker rivals
|JUNE 9, 2015|
- Scorpio Bulkers looks to raise $200 million
- Shipyard faces $101,600 in proposed OSHA penalties
- d'Amico orders two more LR1 eco tankers
- Lack of ice experience seen in bulker grounding
- Visedo to supply system for 50 m all-electric ferry
- Boston Harbor Cruises completes fast ferry repower
- New partnership will promote Great Lakes Seaway shipping
|JUNE 9, 2015|
- Foss Maritime vessels earn Jones F. Devlin awards
- Diana Shipping Oks charter of Pananax dry bulk vessel
- Coast Guard celebrates HEALY change of command
- Los Angeles port board approves fiscal 2015/16 annual budget
- ZIM announces upgrades to Gulf/East Coast SAmerica run
|JUNE 9, 2015|
- Islamic finance expands its shipping foothold
European and east Asian owners quietly doing sharia-compliant deals
- West coast import levels back to normal
Volume of cargo and the rate of growth have largely settled down, says NRF
- Pacific ports regain transpacific trade
West coast's transpacific share nears pre-congestion levels
- Shanghai research body sees tough road ahead for Hong Kong's port
Competition from mainland ports is growing while the switch to larger boxships aggravates problems such as limited berth space, a shortage of land and congestion
- View from the Bridge: Karl Gernandt
Kuehne+Nagel's chairman wants carriers to remember the business they're in
- LA sets out spending plans
Habour Commissioners approve $1bn budget for 2015-2016 financial year
- BW LPG opts for fixed-term stability, while Avance is spot thrill-seeker
BW and Avance take different approaches to VLGC market
- China State Shipbuilding Corp expands non-core business amid market trough
But experts say the industry should stay focused on making better vessels
- Safe Bulkers posts $6m loss in first quarter
Loukas Barmparis-led company says it is lean enough to preserve liquidity through bottom of the dry bulk cycle
- Ocean Rig gains $194m as it closes offer
George Economou invests enough to retain 5% stake in DryShips subsidiary
|JUNE 9, 2015|
- Post-acquisition, XPO looking beyond Norbert Dentressangle
Now that he's closed his biggest acquisition yet -- European logistics operator Norbert Dentressangle SA -- Bradley S. Jacobs is already looking for new prospective purchases as he transforms U.S.-based XPO Logistics into a "global supply chain solutions provider." XPO Logistics on June 8 finalized the purchase of all shares of...
- NY-NJ port adding 136 dockworkers
Employers at the Port of New York and New Jersey are expanding their workforce by 136 longshoremen following recent approval by the Waterfront Commission of New York Harbor. The new workers are expected to be hired and trained in time to help handle the annual import peak season in late summer...
- Alberta shippers can improve cash flow via Canada's new foreign trade zones
Alberta manufacturers and retailers can improve their cash flow by getting their factories and distribution centers designated within two newly-establish free trade zones. Edmonton and Calgary manufacturers will be able to put off paying taxes on imported inputs until the manufacturing process has begun and deduct taxes paid on such inputs...
- NY-NJ gray chassis pool may miss July 1 target
An effort to create a "gray" pool of freely interchangeable chassis in the Port of New York and New Jersey appears unlikely to meet a July 1 launch target. "We're still gunning for July 1 but we're focused on getting it right, not on meeting any self-imposed deadline," said Beth Rooney,...
- Los Angeles port budgets $198.8 million for infrastructure
The port's fiscal year budget includes funds to upgrade the container terminal operated by Evergreen. Credit: Rhonda RothThe Los Angeles Board of Harbor Commissioners approved a $1.001 billion fiscal year 2015-16 budget that includes expenditures of $198.8 million for capital improvements. Included in those improvements are construction advancements at the TraPac...
- Andres Conesa named IATA Chairman
Miami - The International Air Transport Association (IATA) announced that Andres Conesa, CEO of Aeromexico, has assumed his duties as Chairman of the IATA Board of Governors for a one-year term, effective immediately. Conesa is the first Mexican to hold this position. Conesa succeeds Calin Rovinescu, CEO of Air Canada, whose...
- US transport, warehouse job openings surge
The number of job openings at U.S. transportation, warehousing and utility companies jumped 70.3 percent year-over-year in April, climbing to 269,000 by April 31, the highest point in a decade, according to data released today by the U.S. Bureau of Labor Statistics. However, the number of employees hired by those companies...
- Lufthansa Cargo and All Nippon Airways to launch joint Europe-Asia service
LONDON - Lufthansa Cargo and All Nippon Airways Cargo will launch joint freight services from Europe to Japan on August 3, eight months after they joined forces on the westbound route. The joint service will initially cover Germany, France, the UK and Austria before expanding "step by step" across Europe, the...
- US import volume returns to normal, forecast to rise
U.S. containerized imports are forecast to rise 5.4 percent year-over-year in the second half of the year after inbound volume at the major gateways for retail goods hit normal levels in April, according to the monthly Global Port Tracker. The return to normal import levels reflects the increase in West Coast...
- Despite problems, bigger ships actually increase efficiency at the berth
The 19,224-TEU MSC Oscar sails in the Asia-Europe trade and is too big to call at U.S. ports. Photo credit: ptnphoto / Shutterstock.comIncreasingly larger container ships are improving vessel-at-berth productivity at ports around the world, according to an analysis of the latest JOC-IHS Port Productivity data. Although big ships are creating...
- Forwarder Lynden International acquires US-based Haas Industries
Freight forwarder Lynden International acquired Haas Industries, strengthening Lynden's home delivery, trade show and specialized delivery services in the U.S. and Canada. The combined organizations, which merged June 1, have 26 company-owned service centers throughout the U.S. and Canada, including locations in Alaska, Hawaii and Puerto Rico. The merger of Haas into...
- Great Lakes Seaway Partnership is announced
Washington, D.C. - The American Great Lakes Ports Association in partnership with the Lake Carriers' Association, Fednav Limited, and the Saint Lawrence Seaway Development Corporation have jointly sponsored a new bi-national public affairs program called The Great Lakes Seaway Partnership. The program officially launched today with the unveiling of a new...
- Passing along a load? Get broker authority
Q: A friend of mine owns a local trucking company and engages in the distribution of freight from its terminal to customers across the state. Although the company has interstate authority, it's unionized and isn't able to realistically engage in operations that would require a driver to be out overnight. Two...
- Indian container volume builds as Nhava Sheva congestion eases
The volume of containers shipped via publicly-owned major ports in India expanded 4.3 percent year-over-year in April and May, the first two fiscal months, according to provisional port statistics collected by JOC.com. Container-handling in the two-month period reached 1.33 million 20-foot-equivalent units, up from 1.28 million TEUs a year earlier, according...
- IAG Cargo rolls out new e-booking system
IAG Cargo customers in Spain will benefit from the carrier's new e-booking system that can take less than three minutes to complete.The system has enhanced features such as self-service registration, template bookings and auto-rating that make the advanced service the easiest and fastest way yet for freight forwarders to book...
- Protectionist talk heats up Middle East airline subsidy allegations
HONG KONG - The ugly specter of a protectionist trade dispute was raised at the International Air Transport Association annual meeting in Miami where the long-running subsidy allegations levelled against Gulf carriers by U.S. airlines again hit the headlines.Carriers in the U.S. are leading a campaign aimed at restricting access...
- Shanghai's Pactl handles record May air cargo volumes
Shanghai Pudong International Airport Cargo Terminal Ltd. (Pactl) is China's busiest air freight operator.HONG KONG - Shanghai Pudong International Airport Cargo Terminal Ltd. continues to post record breaking throughput figures with May volumes rising 10.7 percent compared to the same month last year.China's largest air cargo terminal handled 135,054 tons...
- Some profit in airlines, but margins are not pretty, IATA head says
IATA director-general and CEO Tony Tyler addreses delegates at the annual general meeting in Miami.HONG KONG - Keeping things in perspective is important, but when applied to the global airline industry, it illustrates a painful reality - running an airline is not a very profitable business.This was starkly illustrated by...
|JUNE 9, 2015|
- InterManager tackles manning
InterManager says an investigation of minimum manning levels is among its top priorities.
- Safe Bulkers target cut
Evercore ISI has cut its price target for shares of Safe Bulkers after the New York-listed shipowner reported a worse-than-expected quarterly loss.
- DFDS to begin talks
DFDS is set to enter negotiations with a French workers' cooperative (Scop) after the Danish company's offer to purchase or lease two Eurotunnel ferries.
- Temptation for owners
Anchor-handler owners may be sorely tempted to take vessels out of lay-up in the coming days as rates reach year-high levels.
- Soby back to work
Denmark's Soby Vaerft has won its first order in five years and is set to build the world's largest fully electric ferry.
- Bulk bonus
A Pan Ocean cargoship has delivered the first cargo of wheat to Kochi in India for 10 years after the domestic crop was damaged by heavy rains.
- Crewman dies on ferry
A crewman has died and three more were ill in hospital after a suspected case of fumes poisoning on a Greek ferry off Montenegro.
- Euro zone exit 'a non-event'
Michael Bodouroglou has shrugged off any concerns about Paragon Shipping suffering should Greece exit the Euro zone.
- TNG hunts new MR
Croatia's Tankerska Next Generation (TNG) is lining up a move for another MR tanker newbuilding after completing a follow-on share offering.
- Dilution details
John Fredriksen has seen his direct stake in Frontline cut following a deal that led to Ship Finance International becoming the largest shareholder in the tanker owner.
- The end for Zorturk
A Turkish cargoship stuck in the French port of Saint-Nazaire will finally be dismantled in September.
- BW LPG dips on update
BW LPG shares turned down this morning after second quarter guidance left the market a little disappointed.
- CMA CGM buys back $200m
French container line CMA CGM will spend nearly $200m on buying back bonds ahead of a new financing initiative.
- d'Amico doubles LR1 order
d'Amico International Shipping has taken up options on a pair of long range 1 (LR1) newbuildings to double its presence in the sector.
- Samsung halts FLNG talks
Korea's Samsung Heavy Industries has scrapped negotiations on a potential FLNG newbuilding for Equatorial Guinea.
- Ocean Rig raises $193.9m
Ocean Rig has raised $193.9m after closing its offering of common stock initiated last week.
- Gener8 adds bank backing
VLCC giant Gener8 Maritime has added a number of banks to its initial public offering effort.
- MMHE upgraded
Hong Leong Investment Bank has upgraded Malaysia Marine & Heavy Engineering (MMHE) due to its potential for expansion.
- Costs clobber U-Ming
Taiwanese bulker owner U-Ming has been hit by rising expenses in the first quarter as revenue fell.
- Cochin closes on ferry
India's Cochin Shipyard (CSL) has lined up an order to build a new ferry for the Andaman and Nicobar Islands.
- HK in Korea Mers warning
Hong Kong has warned its citizens from travelling to South Korea in the wake of the Middle East respiratory syndrome (Mers).
- Dongjin back at Dae Sun
Dae Sun Shipbuilding has won a newbuilding order for a single 1,800-teu feeder containership from a domestic owner.
- China eyes emissions
China is mulling controls on air pollutants emitted by shipping, according to state-owned news agency Xinhua.
- Intra-Asia drives demand
The expanding intra-Asia trade will continue to power the demand for containership tonnage this year, according to Alphaliner.
|JUNE 9, 2015|
- Obama talks free trade agreements at G7 summit
- Private equity firm invests in RoadOne Intermodal
- West Coast vessel arrivals delayed significantly in 2015
- U.S. supply chain sector jobs up in May
- XPO Logistics completes ND acquisition
- Hapag-Lloyd joins CMA CGM's Gulf Bridge Express
- Battery shipper violates FAA hazmat rules
- Ex-Baltimore steel plant site shifts to logistics
- Port of Wilmington, N.C. develops cold storage facility
- Executive Moves: Panalpina, Port Freeport and Bouchard Transportation
- Chassis lessors claim ILWU inspection agreement illegal
|JUNE 9, 2015|
- Bomin Linde: New sulphur rules will push LNG fuel demand up
'Strong possibility that the sulphur content cap regulation will be implemented by 2020'.
- Fuel oil stocks building in 'Asia and Europe'
'Good refining margins are supporting maximum runs.'
- European yard wins electric ferry order
Partly-funded by the European Union.
- Cylinder oil: Lukoil claims success
Container ship expected to run on a minimum feed rate for 50,000 hours without a piston overhaul.
- IGF Code to include LNG Bunker Delivery Note
Should include sulphur content to help owners demonstrate MARPOL compliance.
- Mobile LNG bunker-tank idea was 'met with dismay'
Shipping company presses ahead with plans to fuel a ro-ro ferry with LNG by using RTWs to hold the fuel.
- WFS reaches settlement in Lac Megantic derailment
Cost of compensation to be covered by insurance.
- New software to track bunker consumption
Canadian firm developing new vessel tracking applications.
- Shell sticks with LNG as viable alternative fuel
Ramps up regional supply opportunities in United States.
- Calls for Pearl River Delta ECA have 'good chance of success'
Hong Kong official says Chinese government is increasingly focused on air quality.
- Glander names new Mumbai team leader
Piyush Raghuvanshi receives a promotion.
- DNV GL: 'Little validation' to support accuracy of MFMs
Classification society starts JIP to investigate accuracy of MFM technology.
- Chile to get bunker storage facility
Building work to start in June 2016.
- Reduce fuel by better route planning, says Hapag-Lloyd
Draught, trim and speed all pertinent factors.
- Curoil logs stronger profits
Sales lifted by increased bunkering activities.
- Firm receives largest order for seawater-lubricated bearings
Twenty systems to be installed on various merchant and offshore newbuilds.
- Source of marine spill in Indonesia remains a mystery