|NOVEMBER 12, 2015|
- Container shipping industry faces upheaval with potential wave of consolidation
- Container liners expected to shift focus more on ultralarge boxships: Alphaliner
- West Africa to build at least six 1m TEU ports over next decade
- Box throughput at Estonia's Muuga terminal down 20pc yoy
- CMA CGM and VILAC launch wooden educational toy 'My first container ship'
- UPS earnings are up 3.5pc in Q3 to US$1.26 billion despite flat revenue growth
- Miami Airport wants CEIV certification and to become pharma hub
- Etihad Cargo to add two B777 freighters to its fleet in 2016
- IAG Cargo upgrades reservation processes with Accenture software
|NOVEMBER 12, 2015|
- 400 new trucks join Turkish firm's fleet
- Almarai enhancing efficiency with Swisslog
- Regionalisation - no benefit for freight
- FAA to fine Unical Aviation
- Airport manager starts work in Fairbanks
- Stand-alone link for East Med, Turkey and Russia
- Three more EU railfreight corridors in service
- New groups and new VPs
- Cargologic now screening in Bern
- Rock around the clock
- On wine for Poland
- Today's losses for tomorrow's gains?
- Intermodal spearheading growth in 2016
- Group CFO to take over at LR
- Hapag Lloyd beefs up Q3 earnings
- Two charter brokers establish strategic bond
|NOVEMBER 11, 2015|
- IHS Launches New Website Serving the Global Maritime Industry
NEWARK, N.J. (November 11, 2015) - IHS Inc. (NYSE: IHS) today announced the launch of Fairplay.IHS.com, a website that serves as the leading source of critical news and analysis for the global maritime industry. With the new IHS Fairplay website, IHS Maritime & Trade is taking an important next step in...
- Otto Marine sees red in 3Q15
Singapore-listed offshore services provider, Otto Marine has posted a loss of USD5.1 million for the third quarter ending 30 September 2015 from a net profit of USD2.02 million in 3Q14. The loss was attributed to challenging conditions in the offshore market which caused Otto Marine's revenue to fall by 35% to...
- HMM sells part of Hyundai Asan stake to Hyundai Elevator
An HMM vessel. Credit: Southern cross MaritimeHyundai Merchant Marine has divested part of its stake in affiliated tour operator Hyundai Asan as part of further moves to strengthen its liquidity. South Korea's second biggest shipping company's latest move comes amid rumours that it and its bigger compatriot rival Hanjin Shipping are...
- Nuisance alarms reduced during Antwerp trial
The Discovery RPM solution at Port of Antwerp where the system cut nuisance radiation calls. Credit: SymetricaRadiation portal monitor (RPM) technology has been trialled for cargo screening at Port of Antwerp where it cut naturally occurring radioactive material (NORM) nuisance calls by 84%. It is also being trialled at an unnamed...
- DSME to review safety after second yard fire
A fire broke out yesterday at DSME's Okpo yard killing one worker. Credit MaerskSouth Korean shipbuilder Daewoo Shipbuilding & Marine Engineering told IHS Fairplay that it will review safety procedures after a second fire broke out at its Okpo yard. The fire, which started from a very large gas carrier under...
- China's growing sugar demand boosts Handysize bulker market
Bags of sugar on board a bulk carrier. Credit: PAChina's imports of sugar have been surging this year, with the country importing as much as 3.7 million tonnes in the first nine months of 2015, keeping Handysize bulkers gainfully employed even as dry bulk rates for bigger ships remain low. China's...
- Hapag-Lloyd expects first profitable year since 2010
Credit: Dietmar HasenpuschGerman container line Hapag-Lloyd achieved a small net profit in the third quarter and expects to close the year with a positive net result for the first time since 2010. Its earnings after tax and interest for the period between 1 July and 30 September reached EUR3.2million (USD3.43million),...
- Hanjin-HMM merger unlikely, say South Korean maritime officials
A Hyundai Merchant Marine vessel. Credit: Southern Cross MaritimeTop maritime officials in South Korea said a merger between Hanjin Shipping and Hyundai Merchant Marine was unlikely because the benefits of such a move are difficult to see and it could have significant negative implications for the wider economy. Officials attending a...
- London marine insurers tap into Islamic market
A mosque in Dubai, which has become a centre for Islamic finance. Credit: PASenior London marine insurers are keen to create a viable market for Islamic-compliant commercial insurance products. The Islamic Insurance Association of London (IIAL) organised a conference in Dubai where they spelt out the market's plans. The event also...
- Anti-trust fine puts Wilhelmsen in the red
Car carrier operator Wallenius Wilhelmsen is 50% owned by Wilh. Wilhelmsen ASA. Credit: PAWilh. Wilhelmsen ASA, the listed Norwegian vehicle carrier and logistics company in the Wilh. Wilhelmsen Holding group, has reported a loss for both 3Q15 and for the first nine months of the year, with a USD200 million anti-trust...
- Vard deepens into loss on weak shipbuilding market
Vard's shipyard in Norway. The company has been hurt by reduced activity at its European yards. Credit VardSingapore-listed shipbuilder Vard Holdings has deteriorated further into a loss of NOK845 million (USD97.6 million) for the third quarter ended 30 September 2015, from a loss of NOK160 million in the third quarter...
- Infographic: The evolution of container ship size
The container fleet has been constantly evolving. More than ever increasing ship size and maximising operational efficiency are in the forefront to enhance the performance of new tonnage. Megaships have come to dominate container shipping rapidly over the past decade. They have grown bigger and faster than any other ship type...
- EU reporting directive has "backfired"
Shipowners want an overhaul of Europe's electronic port reporting system. Credit: European CommissionShipping is concerned that "half baked" solutions to revitalise Europe's shortsea shipping sector are adding financial expense to existing administrative burdens. The most problematic of these solutions, shipowners have told IHS Maritime, is Europe's Reporting Formalities Directive, which member...
- Commodities boom may be the last in human history
The world commodities boom is over and there may never be another one, leading Australian economist Saul Eslake warned the International Mining and Resources Conference in Melbourne on 10 November. "It could well be, in my view, that the commodities boom Australia has just experienced in the last 12 years or so...
- Cosco/China Shipping merger may run into minority shareholder trouble
HONG KONG - Minority shareholders not controlled by Beijing may be the biggest problem faced by attempts to merge Cosco and China Shipping, believes investment equity firm Jefferies. "There is a very high risk that the plans are not able to be executed due to minority's objection," Jefferies said in a...
- Major obstacles in the way of any NOL sale, says analyst
HONG KONG - Difficulties in estimating Neptune Orient Lines' valuation, its unprofitability and the steady loss of market share by its APL container division will make a proposed sale of the Singapore-listed company no easy task.That is the assessment of Alphaliner following confirmation from NOL that it was in preliminary...
|NOVEMBER 11, 2015|
- Whitehall exports push could be hampered by dithering over Heathrow expansion
- CMA CGM leading the field to buy NOL, but only if the price is right
- Tony Brooks appointed president of XPO Logistics LTL business
|NOVEMBER 11, 2015|
- DSME told to halt work on LPG ships following deadly fire
- New Z-drive tug for Suderman & Young
- First Vessel launched at Eastern Shipbuilding using FORAN
- POSSE/HECSALV Software Monitors Carrier Block Heavy Lifts
- Big Data: Connecting and merging the dots
- Workboats and Patrol Boats: Small but Mighty
- Building the Future
- New report projects OSV demand will grow 75% by end of 2020
- OSVs: Survival Mode
- Robert Allan designs new RAmparts tug for Chile's SAAM
- Norwegians square up to offshore challenge
- Optimarin passes U.S. BWTS testing milestone
- Royston completes engine overhaul on North Sea FPSO
- Brazil's ETP delivers two Incat Crowther fast supply vessels
- Vard: One new order, a lot more red ink
- Waldner named new Group CFO of Lloyd's Register
- New Argentine-built ASD tug nears delivery
|NOVEMBER 11, 2015|
- Port of Bellingham negotiating possible forest products agreement
- Crowley Maritime adding two new business segments
- Port Metro Vancouver celebrating anniversary of Delta community office
- Top Ships receives notice of pending drop from Nasdaq
- Rail association releases traffic numbers for week
|NOVEMBER 11, 2015|
- D'Amico declares long-term confidence in products as third-quarter results rise
Strong gasoline demand and inventory build-up yield average spot TCE in excess of $21,000
- Concordia Maritime posts strong third-quarter results under good market conditions
Rates for product tankers and suezmaxes stayed competitive due to strong demand in the tanker market
- Incorrect maintenance is major cause of engine damage, Swedish Club warns
Lube failure now topping $900,000 per claim,says P&I insurer
- Volkswagen emissions scandal shows need for corporate social responsibility for all industries
Shipping must commit to long-term sustainability, Fischbacher contends
- Brussels to give go-ahead for airborne drones to monitor shipping in European waters
Emsa has been assessing the potential of using an unspecified number of heavy-duty drones that could be used for a number of functions including regulatory compliance
- Nordic American Tankers posts third-quarter profit in a healthy suezmax spot tanker market
A dividend of $0.38 per share is scheduled to be paid on November 12
- Global coal demand to grow only 0.4% per year to 2040, IEA says
Demand slows most in developed countries due to environmental concerns and in China, which is expected to see a decline from 2030
- The great awakening
What a difference a month makes. And what a month it has been.
- MRs show strong gains but LRs lag behind
Transatlantic gasoline flows boost MR trade
- Panama Canal Authority moves to alleviate congestion
ACP suspends non-critical maintenance works, modifies its booking system and lifts draught restrictions to clear vessel backlogs
- Ceva sees double-digit drop in third-quarter revenues
Dutch freight forwarder blames 'industry headwinds' for 13.1% decline in revenues
- Best practice offers competitive advantage
Owners need to go beyond 'greenwash' and regulatory minimums
- Holiday cheer for US ports as imports surge
Stark turnaround in fortunes from last year with US ports expected to see an 8.3% rise in incoming traffic
- Nasdaq warns Globus on share price requirement
Bulkers owner has 180 days to raise share price above $1
- Antitrust provision hits Wilh. Wilhelmsen results
Company has ringfenced $200m in relation to ongoing antitrust investigations in Wallenius Wilhelmsen Logistics and Eukor Car Carriers
- Euroseas slashes loss in third quarter
Owner sees turnaround for both bulkers and feeder boxships 'over next two years'
- Lloyd's Register names finance chief
Alastair Marsh's promotion to LR group chief executive opens the door for a new CFO 'passionate about engineering'
- Torm hopes to find 'nice home' in NYSE IPO
Update: Danish carrier could see more liquidity and capital from a dual-listing structure
- Trafigura switches from coal to containers in Colombian project
Collapsing coal prices force commodity trader to drop plans to export coal from new port, as boxes make more economic sense
- Norden to focus on supramax and panamax in dry bulk
Update: Company may sell other types of dry cargo vessels to reinvest in focus area
- MISC denies reports of merger talks with Bumi Armada
Merger could make Bumi Armada second biggest FPSO operator worldwide
- Hapag-Lloyd turns small profit in third quarter
Rates and volumes down on last year
- Vard third-quarter revenue hit by European yards' weakness
Restructuring costs for the third quarter amounted to $4.2m
- Kogas signs LNG supply and trade pact with France's EDF
Energy firm to help Kogas handle LNG volumes from project investments worldwide
- Seanergy Maritime takes delivery of two capesize ships
Vessels financed by senior secured loan agreements and an arrangement with company's sponsor
- Liberian Registry takes liability certification online
System can be used by Liberia-flagged vessel owners, shipowners registered in non-convention states
- New Orleans port exceeds milestone 500,000 teu level
Industry experts expect a threefold increase in chemical imports at the port
|NOVEMBER 11, 2015|
- CEVA rides new model to earnings growth despite volume declines
- US freight volumes, payments slump on high inventory
- VIDEO: Technology can help address driver shortage
- Carrier mergers could benefit shippers despite rate rises
- Canada trucking acquisition targets cross-border market
- Possible impact on exports another hurdle to HMM, Hanjin merger
- NY-NJ truckers sign up for truck replacement grants
- DHL profit dragged down by forwarding, freight troubles
- J.B. Hunt 2016 outlook in line with 2015 growth
- New port on India's east coast gives shippers another option
- Idle container ship fleet passes 1 million TEUs
- Maersk upgrades India-Far East service network
- Hapag-Lloyd earnings, revenue, traffic jump on CSAV merger
- Profit plunges at Gateway Distriparks
- Minority shareholders could hamper Cosco-CSCL merger
|NOVEMBER 11, 2015|
- Ultrapetrol explores strategic alternatives
New York-listed shipowner's loss comes in slightly below Wall Street expectations.
- Solstad cut to sell amid liquidity questions
Arctic Securities places sell rating on offshore owner suggesting it may turn to shareholders for cash.
- Concordia enjoys strong quarter
Kim Ullman says crude sector more volatile than products as owner books solid result.
- Navigator orders LPGC
US-listed owner heads to Korea for mid-size newbuilding backed by long-term charter.
- DIS bigger and better
Italian owner posts big rise in Q3 profit as it takes another two Japanese MRs on long-term charter.
- Ardmore books $1.6m profit on double sale
Anthony Gurnee-led owner says $38.6m chemical pair no longer fit within its strategy.
- BDI back below 600
Pressure mounting on bulker owners as key index falls to lowest level since June.
- NAT earnings jump in Q3
US-listed suezmax specialist adds $25m to bottom line as spot rates rise.
- Erik Henriksen dies
Norwegian investor and former tanker owner killed in Cayman Islands boat accident.
- SSC doubles profit
Singapore car carrier owner prospers in the second quarter thanks to three vessel additions.
- Merger rumour quashed
Korean government says it is important that HMM and Hanjin Shipping remain separate.
- MISC: no Bumi talks
Malaysian owner denies rumours of potential FPSO merger with compatriot.
- GMS holding firm
Abu Dhabi offshore shipowner sees good future profitability as it leases new yard facility.
- Norden eyes power of four after review
Danish owner to focus on four core sub-sectors of dry-cargo and products tanker markets.
- Two more for Viking Ocean Cruises
Torstein Hagen-led owner returns to Fincantieri for 48,000-gt cruiseships.
- Hapag-Lloyd profitable again
Newly listed German line enjoys third straight quarter in the black as volumes rise.
- Malaysia's master plan
Government to unveil new scheme to boost domestic shipping industry by year-end.
- Torm reveals plans for New York stock listing
Danish owner says new structure will be established with stock trading on the NYSE from next year.
- Anti-trust probes hit Wilhelmsen
Norwegian owner makes $200m provision for ongoing car carrier investigations as Q3 loss hits $243m.
- Cosco's Deng in new role
Cosco Pacific has made a change in its executive director team that will see Jinhua Feng resign from his position.
- Subsea 7 lays up six
Norwegian offshore player reveals bigger fleet reduction plan as profit falls in "subdued" markets.
- Team rides rate uptick
Hans Feringa-led chemical tanker owner continues to turn things around with stronger Q3 performance.
- Otto Marine plunges into the red in Q3
Singapore-listed offshore vessel operator says unlikely market will recover over the next 12 months.
- EIGHT funds LR1 duo
Navig8 Product Tankers says new facility will cover about 65% of the contract price of each newbuilding.
- Panama Canal dogged by vessel backlog
Big ships, low water levels and bad weather are all combining to impact canal transits.
- Collision pushes Navigator profit lower
New York-listed LPG carrier owner's 4.2% net income slip follows Navigator Aries crash.
- Leaner loss as Euroseas beats expectation
New York-listed bulker and containership owner cuts red ink by 69% in the third quarter.
- Jo Lunder released by Norway authorities
Executive who recently stepped down as Fredriksen group head still being investigated.
- Vard bleeds red ink
More diversification and synergies with Fincantieri targeted; Brazil operation under review.
- Genco signs up for $98m loan from UK firms
Hayfin Capital ement and Breakwater Capital provid New York bulker owner with facility.
- RCL orders Bangkokmax duo
The Thai intra-Asian liner operator heads to China for first newbuildings since 2007.
|NOVEMBER 11, 2015|
- CBP seizes thousands of counterfeit soccer apparel items
- Labor, environmental organizations speak out against TPP
- A tale of two California ports
- California firm fined $68,000 fine for hazardous air shipment
- Qatar Airways Cargo commences two pharma express routes
- U.S.-flag Great Lakes freighter volumes decline in October
- FMC: U.S. exporters could benefit from China's "One Belt-One Road" plan
- Executive Moves: Centiro and Ports of Indiana Commission
- Hapag-Lloyd CEO: NOL sale would not be 'very disruptive' to G6 Alliance
- Bermuda-based investment fund becomes XPO's second biggest shareholder
- CSX reinforces FY 2015 guidance despite weak energy demand
- Indian Railways taps GE, Alstom to supply $5.6b in locomotives
|NOVEMBER 11, 2015|
- Platts Pre-Report Survey of Analysts' EIA/API Data
Suggests a 500,000-barrel draw in US oil stocks.
- Senior managers involved in OW case may face 'bankruptcy quarantine'
Could be prevented from holding management positions in Danish businesses, on top of claims that could run to millions.
- LNG is an option for 'future proofing vessels'
'Do we expect the current limits on SOx, NOx to be the end of the journey?'
- Greek ports caught up in national dispute
Vessel movements to be affected, says ISS.
- Otto Marine posts quarterly loss
Maintains cautious outlook for next 12 months.
- Tesoro completes logistics deal
Storage assets to switch to logistics subsidiary.
- Fuel oil prices under downward pressure
Fuel oil markets in the Atlantic basin could feel the impact of a fall in Chinese demand.
- Vitol buys stake in Karachi-based bunker fuel supplier
With option to increase that stake within a year.
- Liberian Registry online applications to include bunker spill liability
Development is an extension of an earlier online initiative.
- Vitol to buy stake in Karachi-based oil company
Deal valued at around $28.5 million.
- Emissions analyser gains another class certification
Procal 2000 emissions analyser earlier received certification in June.
- Tacoma LNG bunkering facility operational in 2017
Plant to provide LNG bunker fuel to TOTE Marine vessels.