|NOVEMBER 17, 2015|
- Mothballed containership fleet surpasses 1m TEU mark
- South Korea's KMTC reviews fleet structure ahead of hard times in intra-Asia trade
- Eleven major international port operators bid for Panama Canal's Port of Corozal
- Panama expansion unlikely to bring boom in transshipments: port analyst says
- Subic's NCT2 marks a milestone by taking delivery of 100,000th TEU
- FTA repeats call for better protection for truckers before some die in Calais
- Shanghai's new cool-chain centre starts trial operation
- Wal-Mart steps up pressure on suppliers to cut prices
- Chinese demand for UK products boost value of British exports via Heathrow
- SDV expands presence Thailand with new logistics centre
- Forwarders hit by airfreight backlogs at key China airports, including Hong Kong
- AirBridgeCargo Airlines delivers race cars for Macau Grand Prix
- Lion City's aviation community raises US$176,000 for charity
|NOVEMBER 16, 2015|
- "K" Line establishes "K" Line Shipping & Logistics LLC in Dubai with Sharaf Group
- APM Terminals announces multi-purpose terminal JV at Qingdao port
- Asia-Northern Europe spot rates continue to fall
- CKYHE Alliance implementing service adjustment
- CMA CGM announces service upgrade in New Zealand
- Hapag-Lloyd registers third consecutive profitable quarter
- India & Bangladesh sign Standard Operating Procedure to operationalise agreement on coastal shipping
- Philips & Maersk Line commit to cut 20 pc CO2 for every Philips container moved
- Small shipping cos seen facing bankruptcy & consolidation due to Chinese slowdown
- TT Club champions operational best practice to improve US intermodal efficiency
- Guargum exports to China likely to be hit
- Steel imports increase 34 pc in Oct. despite safeguard duty
- Any hike in rates at Cochin Port to hit business, say shippers
- Fresh alternative likely to scrap TAMP
- Rlys & Odisha sign MoU to develop rail infra
- Agricultural exports shrink more than 20 pc in H1 2015
- Between Onions & Fighter Jets
|NOVEMBER 17, 2015|
- Construction of Tampere tunnel going ahead
- Fresh talent for Tachofresh
- KLM welcomes first Dreamliner
- Prizes for Dublin and Guadeloupe
- New tractors for the new year
- Newbuild comes out fighting
- Airbus nets major order from TAP
- VBW president re-elected
- Another member for VTL network
- Direct connection raises rail efficiency
- Even more ships on ice
- More freight at world's biggest cargo airport
- Staking a claim in Turkey
- Sweeping changes at Singpost
- New rail services between Poland and Germany
- Doubling the butterfly
|NOVEMBER 16, 2015|
- Cavotec wins port equipment orders worth more than EUR 9 million
Global engineering group Cavotec has won five separate orders with a combined value of more than EUR 9 million for some of its key innovative technologies, including the Group's MoorMasterTM automated mooring system and the new Automatic Plug-in System (APS), highlighting the strength and diversity of Cavotec's portfolio. "These orders demonstrate...
- New Joint Venture Agreement Established for Jasper Ocean Terminal
November 16, 2015 - Today the Georgia and South Carolina Ports Authorities signed a new joint venture agreement that provides the necessary framework for the two states to work cooperatively toward the development of the Jasper Ocean Terminal (JOT), which will be jointly owned and operated by both port authorities. "Whether...
- ECDIS Ltd: Delivering a Full Spectrum of Deck and Navigation Courses
With the introduction and approval of the new Instructor Training IMO course, ECDIS Ltd now offers one of the most extensive training portfolios across the Deck and Navigation spectrum. Whiteley, Hampshire September 2015 ECDIS Ltd is the only private training academy to offer 30 different courses, covering so much more than just...
- Icarus flies too close to the sun
For the past couple of years, dredging conferences have included at least one paper on how infrastructure investors should prepare for the surge of mega container ships. The main driver of this initiative has been Danish carrier Maersk, which has pushed the capacity of its vessels beyond 11,000 TEU to...
- Steelmakers in China's grip
last week a 45-year-old man died after falling from his apartment in London. He was the head of a British steel manufacturer that has struggled to compete against a tide of imported steel. The business is in administration, with 450 employees already laid off and the future of 1,200 others...
- German ports lose more market share
Containers at the port of Hamburg. Credit: PAHamburg and Bremerhaven continue to lose business within the North European range to their western competitors Rotterdam and Antwerp. General cargo and particularly container throughput continued to drop substantially during the third quarter in Hamburg, according to fresh data released by port marketing...
- Incheon 2015 throughput lower than expected but port on track to open new terminal in 1Q16
Incheon, South Korea. Credit: PAThroughput at the Port of Incheon in South Korea will be lower than expected in 2015 as a result of weak demand from Europe. The port expects to book throughput of less than 2.36 million teu this year, short of its original target of 2.6 million...
- Abu Dhabi National Tanker Company looks to expand dry bulk
The cargoes are to be delivered to several ports, including Santos, pictured here. Credit: CodespAbu Dhabi National Tanker Company (ADNATCO) is inviting bulker operators to tender for a contract of affreightment to ship granular sulphur in 2016. The initial contract would be for 10 cargoes from January to August 2016, with...
- Korea's KAMCO launches new ship finance scheme
The ship financing unit of South Korean finance house Korea Asset Management Corporation has introduced a new USD85.7 million ship financing scheme. KAMCO Ship Investment Management Corporation, in collaboration with Bank of Tokyo unit BOT Leasing and Finance, Standard Chartered Bank, Shinhan Bank, Woori Bank and four shipping companies, including Sammok...
- Avance Gas in USD million bid for Aurora LPG, seen too low
Avance Gas Holding, the Oslo based VLGC owner has launched a NOK1.73 billion (USD200 million) to acquire Aurora LPG, another VLGC carrier owner headquartered in Norway, but the Aurora chairman has dismissed the bid as too low, a view shared by two shipping analysts. Avance Gas offers an exchange of shares,...
- Dry bulk slump pushes Uni-Asia to loss in 3Q15
Uni-Asia CEO Michio TanamotoThe deepening dry bulk slump saw Singapore-listed shipowner Uni-Asia Holdings (Uni-Asia) record a loss of USD1.1 million for the third quarter, compared with a profit of USD0.25 million in the same three month period last year. Despite the loss, Uni-Asia's revenue improved by 5% year-on-year to USD17.9 million...
- New round of China shipping mergers on the cards
A VLCC owned by a Sinotrans subsidiary. Credit: PAAs if a merger between Cosco and China Shipping was not complicated enough, this weekend brought news that China Merchants Group and Sinotrans-CSC Holdings could be busy with their own round of merger talks. The rumour has been around for a few...
- Sembcorp Marine sets record in number of cruise ship repairs
Pacific Eden was formerly known as Statendam, pictured here. Credit: HasenpuschSingapore-listed offshore services provider Sembcorp Marine said that it has repaired 12 cruise ships this year with the completion of upgrades on Pacific Eden and Pacific Aria at its Admiralty Yard on 16 November. "2015 has been a busy year for...
- Busan expects 5% growth in throughput as new port brings more transhipment business
Busan port. Credit: Joachim AffeldtThe Busan Port Authority (BPA) expects 2015 container throughput to grow by around 5% that if realised would see total full-year throughput volume rise to more than 19.6 million teu. September throughput of 1.6 million teu was up 5.1% year on year. Throughput for the first nine...
|NOVEMBER 16, 2015|
- Cargo crime on Europe's roads soars - 'gangs will now go after anything', says TAPA
- Analysis: Deutsche Post DHL - staying optimistic for 2016, but caution advised
- Bullish ICG snaps up containerships on its Eucon feeder services
- Japan's ANA to convert passenger jets to expand air freight business
- Quiet US ports spark slowdown fears as imports fall
- Someone will be killed in 'lawless' Calais, UK hauliers warn
|NOVEMBER 16, 2015|
- El Faro search mission ends without finding VDR
- Conrad Shipyards bolsters backlog with new orders
- Environmental Awards honor 1,601 ships
- GulfMark Offshore files $250 million shelf registration
- Damen nets order for cost saving fish farm concept
- Gibdock wins series order for scrubber retrofits
- New York Governor vetoes proposed LNG port
|NOVEMBER 16, 2015|
- Auto vessel loses steering grounds in Columbia River
- Diana Shipping takes delivery of Capesize vessel SEATTLE
- Alaska Airlines adding flights from Seattle to Charleston
- Port of Olympia postponing New Market planning meeting
- Bunge Limited taps Borg as human resources boss
|NOVEMBER 16, 2015|
- VLCC earnings slide $5,000 over the week as December dates yet to kick-off
With only four November cargoes remaining, further softening expected in coming days
- Cosco receives debt financing from China Development Bank
The $3.1bn financing package will invest in a wide range of financial products
- Hamburg down on China and Russia woes
Rise in dry bulk fails to counter falling box volumes
- Ports of Auckland to shrink its footprint
Port to sell off Onehunga for public use due to draft limitations
- Swiber reports net profit despite lacklustre offshore industry
Stronger contributions from Latin America and cost control measures boosted earnings
- Avance Gas moves to buy Aurora LPG
Having previously tried to buy Aurora in hostile bid, Avance strikes again with exchange offer, spurring consolidation in LPG shipping
- Sinotrans & CSC subsidiaries reveal parent plans reorganisation
Merger between China Merchants Group and Sinotrans looks another step closer
- Wallem sets up crewing agency in Shenzhen, China
First foreign company to fully own a crewing agency in the country
- Singapore handled 16% fewer containers in October
Box throughput at Singapore port falls in first 10 months of 2015
- Maersk Container Industry's new $200m Chile factory delivers first reefer containers
Maersk Line and CMA CGM place new reefer orders
- Sembcorp Marine finishes Carnival unit cruiseships upgrade
Group has repaired, upgraded or refurbished a total of 12 cruise vessels this year
- Thoresen Shipping posts profit amid tough dry bulk markets
South American agricultural trade supported dry bulk player
- Bulk carrier detained in Singapore
Marshall Islands-registered vessel owned by Maritime Equity Management
- Low rates on high seas prompt Maersk unit to rationalise network
Port coverage improves amid rationalisation efforts, says MCC chief executive Tim Wickmann
- The next generation
And the award goes to... the port best able to cultivate awareness among young people as to their work and worth and at the same time educating its potential workforce
|NOVEMBER 16, 2015|
- 'De-stocking' delayed as US retail inventories pile up
Piles of warehoused goods don't seem to be shrinking that fast, despite the much ballyhooed destocking of U.S. inventory. Data released by the U.S. Census Bureau Nov. 13 show U.S. total inventories, both total inventories and retail stocks, rose in September from August. That could mean lower than expected U.S. freight...
- Planned Georgia-South Carolina container terminal moves forward
An artist's rendering of the Jasper Ocean Terminal. Credit: Moffatt & NicholThe development of Jasper Ocean Terminal made some headway Monday after the Georgia and South Carolina port authorities agreed to a framework for the long-discussed but still unrealized marine terminal on the the states' shared border. The agreement governs the...
- Star Wars mania to send US toy imports into hyperdrive
A remote-controlled BB-8 droid. Credit: StarWars.comLike Yoda using the force to lift an X-Wing from the swamp of Dagobah, U.S. demand for Star Wars toys from action figures to lightsabers is forecast to help raise total containerized toy imports 10.9 percent year-over-year, according to JOC Senior Economist Mario O. Moreno. With...
- Amazon's competitive advantage tied to fulfillment operations
Jon DeCesareHave you ever wondered how Amazon consistently delivers on its promise to ship your products correctly and have them arrive on a specific day or even earlier? Unlike past advances in retail operations - the emergence of the supermarket in the mid-20th century, say, or the more recent rise...
- Savannah container volume growth returning to 'normal levels'
Container volume at the port of Savannah, Georgia, rose just 3 percent year-over-year in October, a sign that the torrid pace of year-over-year growth seen earlier this year and in the last half of 2014 is now moderating as shippers return to the U.S. West Coast. Trade patterns are returning to...
- US truckload capacity rises to 2008 level, JOC index shows
Trucking companies may be short drivers, but there is no shortage of trucks in the U.S. An influx of new Class 8 tractors pushed the JOC Truckload Capacity Index up 1.3 percentage points to 90.4 in the third quarter, the first index reading above 90 since the end of 2008. The number...
- Michelin holiday campaign celebrates America's commercial drivers
GREENVILLE, S.C., Nov. 12, 2015 - As Americans enjoy the food, gifts and get-togethers that are the hallmarks of the holiday season, Michelin invites everyone to take a moment and salute the season's unsung heroes, commercial drivers. These are the people who spend countless hours on the road and in...
- Busan expects growth despite China slowdown
The Busan Port Authority expects 2015 container throughput to grow by around 5 percent, in which case total full-year throughput volume would rise to more than 19.6 million 20-foot-equivalent units. September's throughput rose 5.1 percent year-over-year to 1.6 million TEUs. Throughput for the first nine months of 2015 was up 5...
|NOVEMBER 16, 2015|
- Georgia ports see gains
The US state's port authority reports growth at its Savannah and Brunswick ports.
- Claims against Nova Star ferry mounting
Bareboat charterer Nova Star Cruises facing nearly $2.18m in claims in US arrest case.
- Conrad Q3 results halved from year ago
The Jones Act shipbuilder sees results drop as newbuild and repair revenue drop.
- Fuel removed from grounded Los Llanitos
Mexican authorities continue efforts to remove wreck of bulker pinned to rocks.
- Prospectus approved for Frontline merger
Financial Supervisory Authority gives OK for documentation for deal with Frontline 2012.
- Petrobras gives SBM Offshore formal invite
Awards on Sepia and Libra FPSO tenders are contingent on Operation Car Wash settlement.
- DNB cuts Safe Bulkers
Bank places sell rating on bulker owner given connection between stock and asset prices.
- Excelerate swaps regas ships off Argentina
Expedient replaces Exemplar at Escobar amid inspections off coast of South America.
- Gulf of Mexico adds to deepwater rig count
US drilling unit count declines by one but Baker Hughes records uptick in deepwater.
- PCTC loses steering and runs aground in US
Gram Car Carriers vessel towed to Portland after ending up on Columbia River beach.
- Oceanteam orders duo
Norwegian owner adds FSVs as Q3 turns negative on fleet revaluation.
- Aurora board knocks back Avance offer
Leiv Askvig says bid is short of board's valuation as hostile takeover situation develops.
- Cosco in $3.14bn deal
Chinese group's shipyard teams up with China Development Bank on new financing.
- Damen wins double order
Froy Vest of Norway signs contract with Dutch yard for workboat and pontoon.
- SPP to be sold off
Bank-controlled Korean tanker builder's three yards to be auctioned by creditors.
- Products tanker rates tipped for 2015 peak
Spot rates expected to pass summer highs as refineries return to work, boosting seasonal demand.
- Reefer crew released
Nigerian pirates free four men kidnapped from Russian cargoship last month.
- Anek back to black
Greek ferry owner posts strong operational result for the third quarter.
- US okays Daiichi bankruptcy
Court agrees to protect Japanese owner's US-based assets from creditors.
- Hanjin Shipping cut
KTC downgrades Korean owner's rating on the back of weak freight rates.
- Hamburg hurt by Russia
German port records lower volumes between January and September; projects Russian recovery next year.
- AHTS rates jump
Lay-ups finally having an effect as Rem vessel fixes at nearly $39,000 per day.
- HHI's orders drop
South Korean shipbuilder says new deals fell by more than 20% between January and October.
- Worse to come for DSME?
Accounting report said to show likely loss of $5.6bn for Korean yard in 2015.
- Ferry sinks off Indonesia
Dozens feared dead after passenger vessel capsizes off Surabaya.
- Christian Andersen explains Aurora bid
Avance Gas president explains hot spot market and status of newbuildings led to offer being tabled now.
- Top Ships not the buyer of Torm tankers
Evangelos Pistiolis says rumours of double purchase from Danish owner are off the mark.
- Ningbo Ocean books feeder containerships
Ningbo Port's shipping division continues to build up small containership fleet with more orders.
- Sales boost Navig8 Product Tankers
Nicolas Busch-led company looks to have made $7m on each of the LR2s sold to Scorpio Tankers in May.
- Swiber back in black
Strong contributions from Latin American and new projects in South Asia boost OSV operator.
- Dae Sun books more feeder boxships
South Korean shipbuilder finally ties-up newbuilding deal with Taiwan owner TVL.
- GulfMark Offshore stacks the shelf
Hard pressed US offshore vessel operator looks to shareholders to bolster war chest.
|NOVEMBER 16, 2015|
- Short-term transportation authorization expires Friday
- CMA CGM, subsidiaries join Hanjin's intra-Asia KPI loop
- Environmental groups find 114 U.S. freight railway bridges potentially deficient
|NOVEMBER 16, 2015|
- Platts Survey: OPEC pumps 31.08 million b/d in October
Down 120,000 b/d from September.
- ECA region operator has 'best quarter ever'
Fuel cost savings due to investments in scrubbers and fleet efficiency have paid off.
- Low bunker prices eroding comeptitive advantage of newbuilds
'The issue of scrappage is not such a big one when the oil price is lower.'
- Gibraltar yard in 'sizeable' scrubber contract
Five vessels being retrofitted with abatement technology.
- Judge visits bunker tanker as case against Monjasa proceeds
Nigerian court officials taken aboard the Anuket Emerald.
- DFDS 'well underway' to meet MRV requirements
Company already records fuel consumption on vessels equipped with scrubbers.
- EU study: NOx emissions down due to slow steaming
Emissions down by 12% compared to 2008 as vessels cut speed by 30%.
- New Team Leader and Trading Manager at Dan-Bunkering
Grace Ong is based at the company's Singapore office.
- APT completes shipboard trial of fuel oil emulsion technology
Indicates a minimum 3% decrease in specific fuel consumption.
- Ferries get to grips with fuel monitoring
Interferry forms group to make propsosals to Brussels.
- Cockett wants arrested vessel sold at auction
Bunker supplier seeking more than $1 million from owners of the Nova Star.
- 'Shipowers are waiting for prices to come down'
Singapore IFO soften as crude tumbles
- OPEC oil exports to rise
By 30,000 b/d in 4 weeks to Nov 28, according to analyst.
- Bunker disputes prompt ship arrest in India
Bunker company and bank chasing outstanding bills.
- EU moves closer to ECA drone surveillance
Pilot service planned by Emsa.
- Benchmark prices slide as crude inventories grow
Oil prices fell to their lowest levels since August on Thursday.
- Singapore bunker sales fall for second month in a row
Traders say demand was dampened by firm prices and ample supplies.
- Singapore registry welcomes more 'green ships'
Total of 247 'green ships' under Singapore flag, says MPA.
- Bunker savings propel Viking Line profits
Bunker price developments currently having 'favourable effect' on earnings, it says.
- More MFM-equipped bunker tankers operating at Singapore
Number has increased to 43, shows data from MPA.