|MARCH 16, 2015|
- Asia-Europe low ebb, US$708/TEU - Transpac off 4.5pc to $1,835/FEU
- Hong Kong fuel warning; Fines, jail await those not using low-sulphur fuel
- Oakland dock peace restored, operations resume after lockout
- India-wide dock strike averted when minister vows not to privatise ports
- One-car spill as 4th Canadian National oil train derails
- Yokohama port's box throughput falls 1.3pc in December
- Cyberattacks threaten major container ocean carriers, experts warn
- Gansu's new 6,000-kilometre railway to open by year-end
- Capacity at Port Elizabeth's Ngqura box terminal doubles
- Naviland Cargo ties up with Port of Le Havre with Swiss rail runs
- TT Club identifies 5 generic causes for transport industry claims
- New European Commission guidelines for road cargo security
- Canada's Cargojet profit drops 26pc, but revenue rises 9.7pc
- Liberty Logistics, Fast Logistic to expand in US, Europe, Mideast
- Ethiopian Airlines wins brand award at South African cargo conference
|MARCH 15, 2015|
- ITIC warns on fraudulent diversion of funds
- Mahesh Sivaswamy-The driving force behind Transworld Group Singapore
- Malaysian flag approves IRClass as Recognised Security Organisation
- New customised service to help ships unveiled
- Anti-dumping duty to be levied on steel imports from three countries
- Ban on shark fin exports unlikely to hit seafood shipments
- India to begin exporting buffalo meat to Russia in May
- Major Port labour federations not to go ahead with proposed strike from today
- Prakash Tulsiani steps down
- Tariff-setting reforms at Major Ports gathering momentum as govt takes crucial steps on policy front, says ICRA
- Goods transport thro' rail could boost Indo-Pak trade
- Reduced diesel prices lower truck rentals
- Clarification regarding place of removal
- DRI unearths export fraud cases
- Feb. exports drop by 15.02 pc; sharp fall in imports helps reduce trade deficit
- Forex reserves decline by $ 286.3 m to $ 337.79 bn
- Govt abolishes compulsory registration rule for groundnut exports
- Govt considering quality checks to curb steel imports from EU, Asia
- INR plunges by 81 paise to end at 62.97 against dollar
- Only 3 documents now needed for ex-im trade
- Rubber import duty likely to be raised
- Sugar millers not ready to export; aver subsidy came late
- Three Indian cos on US defaulter list for maintaining energy ties with Iran
- US recovery likely to give India's exports moderate boost
- Industry stalwarts to make their presence felt at CONquest 2015 tomorrow
- St. Britto's College celebrates Women's Day
|MARCH 16, 2015|
- The sceptre passes to Asia
- Beneficial liaison for Chinese market
- Route fixed for Tenterfield HV bypass
- New CEO for Rijeka container terminal operator
- More cargo pilfering in the States
- Cutting edge radar simply loves screening
- El Al takes over 50th Boeing aircraft
- Iran augmenting port capacity on Caspian Sea
- 25,000th blocktrain steams out of Gyor
- SWA Cargo rated top US domestic carrier again
- Flydubai adding Iranian cities to network
- Plans for regional hub in Sri Lanka
- Singapore splurging out on staff
- More rails for BNSF in California
- Scaling career ladder to executive VP
- Iraqi to Manchester, Kuwait back to Munich
- Long Beach prolongs life at congestion relief depot
|MARCH 13, 2015|
- Port of Virginia works to cut congestion
Lost productivity due to weather-related closures has forced the Virginia Port Authority (VPA) to adjust operations at Port of Virginia to reduce congestion at one of the US east coast's largest box terminals. VPA announced that, starting on 13 March, it had reduced the number of days export
- HHI's Suezmax orderbook boosted
South Korean shipbuilder Hyundai HI has won new orders for three Suezmax tankers from two Greek shipowners. Firstly, Arcadia Shipmanagement has booked two 158,000dwt units to add to four vessels it contracted in 1H14, which are due for delivery during 2017. Meanwhile, Thenamaris has penned a
- Ex-NCL CEO sues Branson's Virgin
Colin Veitch, former CEO of Norwegian Cruise Line (NCL), has filed suit against Richard Branson's Virgin Cruises, alleging breach of contract and misappropriation of business ideas. The Virgin Group officially confirmed plans to order newbuilds and enter the cruise sector in December 2014. Veitch's
- Jiangzhou Union secure MPP vessels
China's Jiangzhou Union shipbuilding yard has signed contracts for two 12,500dwt multipurpose heavy lift vessels from returning German owners. The vessels were ordered by Hamburg based Auerbach Schifffahrt Gmbh and will be built under hull numbers JZ1067 and JZ1068 with deliveries pencilled in from
- Hyundai Samho secure two Aframax vessels
Korea's Hyundai Samho shipyard has won an order for a pair of Aframax tankers. The 115,000dwt tankers were booked by Belgian owners Transpetrol with deliveries slated for late 2016. No price was reported but brokers are indicating a price of USD55 million each. The Belgian owners have a 84,000cbm
- Long-term visibility key for offshore sector
The supply of increasingly sophisticated vessels, needed to support offshore wind energy projects, could contract unless policy-makers inject more certainty and standardisation into the industry.
- Long Beach launch "Peel Off" program
Loaded export containers on the US west coast will be getting more priority as a box expediting programme spreads throughout the Los Angeles-Long Beach port complex. The Port of LA's "Peel Off" program, which launched on 25 February, is helping clear a backlog of import boxes at port terminals that
- Abbot Point expansion gets the go ahead
Indian conglomerate Adani's previously aborted plan to dredge and expand Australia's northern Queensland coal port of Abbot Point has finally got the go ahead. A new proposal put forward by Queensland Bulk Terminals to place sediment on spare port land, known as the T2 site, instead of on the
- Australian ports reopen following Cyclone Olwyn
Australia's Pilbara ports of Dampier and Ashburton reopened today as category 3 tropical Cyclone Olwyn headed south. Woodside, Pluto, Mermaid Marine Supply Base, Burrup Materials private berths, the Rio Tinto iron ore terminal, and Dampier salt terminal were reopened at midday local time. "There
- Taiwan's February exports down by 6.7%
Taiwan recorded exports of USD19.86 billion in February, down 6.7% year on year (y/y), data released by the Ministry of Finance on 9 March showed. The Lunar New Year holiday reduced the working days of February and the falling crude prices sapped demand for petrochemical products, which accounted
- CHEC to suffer loss on suspended port project
China Harbour Engineering Company (CHEC), the company engaged in a port city project in Sri Lanka, is to suffer the loss of USD380,000 per day since the suspension of the project, according to a statement from the company on 11 March. The subsidiary of China Communications Construction Company
- Sainty Marine sues compatriot over USD8 mil.
Shenzhen-listed Sainty Marine has filed a lawsuit against a compatriot steel supplier over CNY50 million (USD8 million) in prepayment for steel. In April 2013, Sainty Marine signed a contract with Shanxi Zhongyang Iron and Steel to purchase 15,384.62 tonnes of steel for CNY50 million, a stock
- Malaysia authorises IRClass as RSO
The Malaysian Marine Department (MMD) has given the green light for Indian Register of Shipping (IRClass) to act as a Recognised Security Organisation (RSO) for ships operating under Malaysian Flag Administration. As an RSO, IRClass will carry out verification and approval of ship security plans,
- 'K' Line scraps young Capesize
Japan's third-biggest shipowner Kawasaki Kisen Kaisha ('K' Line) has sold a 15-year-old Capesize bulker for demolition. IHS Maritime's Sea-web.com data show that 2000-built Cape Flora was sold for recycling last week. The Baltic Dry Index's plunge to a historic low this year has catalysed
- Bearish short-term outlook for Supramaxes
A heavy orderbook and sluggish commodities demand mean Supramax bulkers, including Ultramaxes, will struggle in the short term. Italian broker Banchero Costa, which examined the fleet of 40,000-64,999 dwt bulkers, noted that the active fleet consists of 2,807 units - equivalent to about 151 million
|MARCH 13, 2015|
- Robert E. Derecktor Inc. now a Damen licensee
- New ECA-compliant fuel oil has viscosity similar to HFO
- NPCC picks Wärtsilä solutions for jack-up barges
- LNG fueled Harvey Energy now fully in service
- NNS gets $8.4 million award for CVN 68 class work
|MARCH 13, 2015|
- Department of Transportation releases TSI numbers for January
- Port Metro Vancouver joins team funding Fraser River dredging
- Troy Container Line adding Malaysia to New York City run
- Coast Guard honors tug crew for rescue of pair from burning boat
- Wallenius Wilhelmsen Logistics opening Tianjin vehicle processing center
|MARCH 13, 2015|
- Maersk Line appoints new chief financial officer
Hewlett Packard's Pierre Danet to take over from Jakob Stausholm who moves strategy role
- Russian oil production dips leave tankers unscathed... for now
Russia's problems with sanctions mean tanker sector will keep a close eye on developments
- China CSSC Holdings posts $7m profit for 2014
But operating losses at $42.4m as the company books a huge amount of one-off gains
- Capital Product Partners shelves bond offering
Owner says that the refinancing plan was 'opportunistic' in nature
- Opec lays into North America in new oil diatribe
Oil cartel pulls no punches as it blames North America for current oil market chaos
- GRIs delayed as rates slide again
Carriers with services from Asia to northern Europe are now targeting price increases to come into force in April
- Portland dispute rumbles on
Court rules in terminal operator's favour on productivity slowdowns until August 2013 but says it hasn't been proved they continued beyond this date
- Fully LNG-fuelled containership 'not in my lifetime', says Gerry Wang
Seaspan chief executive thinks the concept of LNG ready ships needs to be clarified
- Seaspan set for more boxship orders at Yangzijiang Shipbuilding
New York-listed containership lessor plans to continue expansion in 10,000 teu and 14,000 teu sector
- ITIC warns of increase in fraudulent diversion of payments
View changes of account details with suspicion, says insurer
- Industry viewpoint: The American Dream is still possible
Recent union contract negotiations at the ports of LA and Long Beach show how
- Black swans and Captain Ian Finley to keep product tanker industry gripped
Fears over escalation of strikes at US refineries and new Middle Eastern capacity are sure to be hot topics at next week's conference - just watch out for grillings by the chairman
- Abbot Point coal terminal gets the green light from state authorities
Final approval from Australian federal government is still required
- Hong Kong moves a step closer to low-sulphur legislation
Regulation will come into force this July if lawmakers give it a go
- Uneasy truce but no peace yet on US west coast
Negotiating process broken but what is the alternative?
|MARCH 13, 2015|
- Truckload carriers Landstar, Covenant add capacity as freight demand grows
Rising truckload freight demand lead Landstar System and Covenant Transportation to expand their available capacity in the first quarter, as the truckload carriers reported increased revenue and more loads compared with the storm-crippled quarter a year ago. "We continue to add truck capacity to the network and currently exceed 9,000 trucks...
- Gov. Scott's effort to lure California cargo to Florida could backfire
Florida Gov. Rick Scott's attempt to lure shippers - from Bacardi to IKEA - away from California may not necessarily bring big business to the Sunshine State, but it will bring the national media attention that some say Florida ports need. It's that same national media attention that could produce the...
- Eastbound trans-Pacific spot rates rise but reliability declines
U.S. shippers importing goods from Asia to the West Coast are paying more in the spot market for ocean shipping but getting worse service in return, a function of carriers' pricing power gained from strong demand and the effects of the congestion. The average spot rate to move a 20-foot container...
- Reopened Houston container terminal works on cargo backlog
Longshoremen at Port of Houston's largest container terminal are digging through a backlog of containers and will work well into the weekend after two vessels collided on Monday in the Houston Ship Channel, forcing the closure of the facility and leaving dozens of ships stranded. "It's all hands on deck right...
- Put the focus on modernization
As the JOC Group held its 15th Annual TPM Conference in Long Beach, California, this month, it didn't require any imagination to see the results of nine months of contentious labor negotiations that led to slowdowns and crisis-level congestion at the ports. Even though a tentative contract had finally been reached...
- A turning point for longshore labor?
Standing on the stage at this month's TPM Conference, Matthew Shay delivered a pointed message to those responsible for months-worth of delays, millions of dollars in lost retail sales, and the loss of jobs and export opportunities: "Enough is enough! The interest of thousands" can no longer threaten the livelihood...
- Dockworker negotiating process must change, TPM told; ILA reacts
At the depths of the 2008-09 recession, Ford Motor Co. and the United Auto Workers reached a landmark labor agreement that contributed to the rescue of one of the United States' largest and oldest automakers. Today, Ford not only is surviving, but also thriving. Speaking to more than 2,000 attendees at...
- Job openings at US transport, warehouse firms rise 23 percent
The number of job openings in the U.S. transportation and warehousing industries increased 23 percent year-over-year in January, but businesses in those industries lost more workers than they hired that month, according to data from the U.S. Bureau of Labor Statistics. Although the recent spike in separations is most likely seasonal...
- TPM 2015 Keynote Address
Karl Gernandt, chairman of the board of directors at Kuehne + Nagel International AG, the world's largest ocean forwarder, delivers the opening keynote address at the 15th annual TPM conference in Long Beach, Calif. on March 2. Introduced by Frank Mottek, business news anchor for CBS radio in Los Angeles,...
- Barges face 'serious' bottlenecks in Rotterdam, Antwerp
Rotterdam and Antwerp risk a return to the congestion that blighted the leading European container ports in 2014 after a major barge operator warned it might levy a surcharge in response to "serious" bottlenecks. Barges have to wait up to 92 hours to process cargoes in Rotterdam and face delays of...
- India averts nationwide port strike threat
An agreement between Indian dockworker union leaders and labor board officials was reached late Friday, averting a threatened indefinite nationwide strike that would have seriously disrupted operations at the country's major ports. The unions said they withdrew the strike notice after authorities agreed to address the workers' concerns over a planned...
- Mergers, acquisitions, relaunch to reshape S. America box trade
Full-size chartThe usually staid U.S.-South America ocean container trade is undergoing a shakeup, and it starts at the top of the carrier hierarchy. Maersk Group, which operates the world's largest container line, in January relaunched its SeaLand brand into the north-south trade, while two European ocean carriers each have acquired a...
- APL Logistics to set up Sri Lanka hub
HONG KONG - APL Logistics will establish a regional consolidation hub for South Asia in Sri Lanka by the second half of 2015, the Singapore-based forwarder has announced.In its first major announcement since being acquired by Kintetsu World World Express (KWE) for a premium $1.2 million, APL Logistics said it...
- SCFI: Asia-Europe spot rate hits 18-month low as slow season bites
HONG KONG - Freight rates fell on all major east-west trades this week with Asia-Europe recording $708 per TEU, its lowest level in almost 18 months, according to the latest reading of the Shanghai Containerised Freight Index (SCFI).The slow season has arrived in earnest and slashed 13 percent off the...
- CN derailment leads to delays at Port Metro Vancouver
The derailment of a CN train carrying crude oil in Ontario on March 7, which closed a main line from Toronto to British Columbia, has led to delays to container movements at Port Metro Vancouver. "We continue to experience significant congestion issues in Vancouver. The backlog of rail traffic has resulted...
- Bumpy, slow-motion recovery from West Coast labor standoff
Operations at the SSA Marine terminal in Oakland returned to normal Thursday following a dock worker shutdown on Wednesday. Nevertheless Oakland, and other West Coast gateways, for the next two months at least will be digging out from the container and vessel backlogs that built up during coastwide labor negotiations...
- Truckers serving Port of Virginia grapple with congestion
For days now, trucks in Southeast Virginia have queued in hour-long lines, blocking highway exits and struggling to enter Virginia International Gateway, once prided as the most efficient container terminal in the state. Truckers on Thursday were comparing congestion in Virginia to the likes seen on the U.S. West Coast at...
|MARCH 13, 2015|
- ER torches orders
Affiliates of ER Offshore have terminated contracts to construct platform-supply vessels (PSVs) after filing for insolvency in Germany.
- Oldendorff fixes newbuild
Oldendorff is said to have chartered a new Ugland Bulk Transport supramax which has just been launched.
- Ferry falls in dock
A Scandlines ferry has suffered severe damage in a dock accident at the Remontowa shipyard in Poland.
- Six figures in sight
VLGC spot rates moved to within a fraction of $100,000 daily on Friday as earnings raced on at a traditionally weak time of year.
- Captain held
Master of Singapore-flagged tug detained in Indonesia for alleged illegal entry.
- AVS buys manager
Turkish chandler AVS Global Ship Supply has taken over Dutch shipmanager Q-Shipping.
- Solvang ups stakes
Norwegian owner Solvang has topped up its shareholding in three vessels.
- Tripoli cries foul
Libya's rival parliament based in Tripoli has accused forces in Es Sider of trying to sell and load crude outside of official channels.
- Olympian heights
We take a look at what was said in the market over the past week.
- Samsung's man of steel
Samsung Heavy Industries is looking to cut material costs with the hire of a steel analyst.
- Fleeing ship fired on
Turkey's coast guard fired on a domestic cargoship as part of an operation to detain 337 mainly Syrian migrants on board.
- Ships before shares
Diana Shipping should place vessel purchases ahead of further investments in its own stock, Drewry Financial Research says.
- CSL goes Dutch
India's Cochin Shipyard has signed an agreement with Dutch yard IHC to collaborate on constructing dredgers for the domestic market.
- Solomon tries again
South Korea's Solomon Savings Bank and asset subsidiary Golden Bridge are again seeking to sell a panamax bulker as it rolls off charter, brokers say.
- Galapagos glitch
Pumping of contaminated water from a cargoship that grounded off the Galagapos Islands six weeks ago has been halted.
- Bimco sees dry cap
Depression in the dry cargo markets is set to stick around for the next couple of months with rates in all of the sub-sectors expected to remain below $10,000 daily, Bimco says.
- Scrubbers no solution
A German environmental group has said scrubbers - one of shipping companies' most popular solutions for regulation compliance - are "over-estimated".
- 'The fire was literally one step behind us'
When Andreas and Elena Oikonomou escaped the blazing Norman Atlantic ferry with their young daughter, they thought they were safe. But their ordeal had just begun. Nick Roumpis reports
- Sometimes you just have to let the music speak for itself
From Lord Kitchener to Bob Marley, Jimmy Cliff, Joan Armatrading, Grace Jones, Nicki Minaj and Rihanna... Dave Martins belongs to a long line of Caribbean musical exports.
- Hit the road
Cars have loomed large for Excelerate boss Rob Bryngelson since he was a toddler, and not always in a good way.
- Arty party
When Clarksons closed its Geneva specialist products tankers desk in late 2012, Peter Cauro transferred to clean tankers but soon left to pursue other interests. Those 'other interests' turned out to be very interesting.
- Norse things happen at sea
Horned helmets, unkempt beards, murder, rape and looting: that's the picture conjured up for most people of Viking warriors spilling from dragon-headed longships.
- The TW+ guide to...Tjipetir
- Our new ferry, I presume?
It seems as though the Ilala has been criss-crossing Lake Malawi since David Livingstone first explored these parts. But that's changing, as Janie Hampton discovers.
- On the right course
The right course for Jung Sung-Leep used to be the golf course. These days, he tells Irene Ang, it refers to the direction in which he is steering STX
- The dhows of Dubai: Anchored in centuries of tradition
- Is 20 February past its sell-by date?
It may be time to look at scrapping the industry's annual scramble for P&I insurance, suggests Jim Mulrenan
- Clowning glory
John Fredriksen did it, but didn't have a lot to say. Gregory Hadjieleftheriadis did it, and said quite a bit.
- Shipping will take a role in Greece's new politics
- Taking on the world
The Nakilat boss tells Lucy Hine how he plans to make the Qatari LNG carrier a global shipowning force.
- Marinakis. The man behind The Legend
Gillian Whittaker finds a new side to the Capital boss as they talk politics, football and, yes, a little shipping.
- Kalakala for sale - in pieces
Scrap pieces of the historic US art-deco ferry Kalakala are going on sale.
- Bison comes home
Boa Offshore has reflagged a vessel from Malta to Norway to take advantage of state incentives.
- Clipper swaps HFO tanks
Clipper Group has expanded the marine gas oil (MGO) storage capacity aboard a series of bulkers to help meet new sulphur regulations.
- Seven for SCI
State-run Shipping Corporation of India (SCI) has confirmed an order for five offshore ships at Cochin Shipyard, while also tendering to buy two LPG carriers.
- NYK man faces US jail
An NYK employee has been sentenced to 15 months in a US jail for his part in a ro-ro trade price fixing scandal.
- Kwa lifts NOL stake
Neptune Orient Lines (NOL) chairman Kwa Chiong Seng has increased his stake in the liner operator financial disclosures reveal.
|MARCH 13, 2015|
- Port of Oakland terminal reopens
- Shanghai Shipping Exchange says container spot rates down
- OOIL sees profits increase more than five-fold in 2014
- PSA profits fall despite increased revenue
- Pallet firm sentenced for false treatment markings
- Profits up 7.1% at SITC
- Horizon takes a loss in 2014
- Stifel updates EPS estimates for CN, CP
- The case of the purloined pizza cheese
- APL Logistics to establish Sri Lanka hub
- Wallenius Wilhelmsen opens vehicle processing center in Tianjin
- Congestion flares up again at Port of Virginia
|MARCH 13, 2015|
- India, Sri Lanka to develop oil storage facility
At Sri Lankan port of Trincomalee.
- Singapore records fall in monthly sales volumes
All grades bar one down over previous month.
- ADNOC to boost fuel oil exports
But likely to be of short term duration.
- Study questions scrubber sustainability
NGO behind study says environmental risks have been ignored and economic benefits overestimated.
- Russian refinery modernisation on track
Soft crude values may slow down investments that cut fuel oil output.
- Shipowner chooses MGO for ECA compliance
Company fits MGO tanks onboard half a dozen vessels.
- WFS leases US bunker storage facility
Terminal space previously occupied by Morgan Stanley.
- Bunker spill along Delaware river
Bunkers overflowed during a refuelling operation, says USCG spokesperson.
- Offshore vessel to feature fuel recovery separator system
System a first in offshore industry, says Petrofac.
- India: Tanker held in bunker bill dispute
Dan-Bunkering moves to claim over $20,000 from shipowner.
- Statoil: Storing crude on tankers not profitable 'yet'
Demand has been decreasing in recent weeks.