|NOVEMBER 23, 2015|
- A-E rates down 27.9pc to US$295/TEU, falling 8.6pc to USWC and down 8pc to USEC
- Panama Canal makes steady progress to remove backlog
- PSA Panama awards US$200m contracts for dredging works and building new quay wall
- Ship operating costs are forecast by Drewry to rise in 2016 & 2017
- Citigroup downgrades Westports outlook despite record volume
- European migration crisis 'adding US$1bn to supply chain costs'
- South Carolina Ports Authority box throughput rises 11pc from January-October
- K + N's 'KN FreightNet' solution is now available for sea freight LCL bookings
- MacGregor appoints Hoye Hoyesen to lead new Advanced Offshore Solutions division
- C H Robinson expands operations in Chicago with lease on new office and warehouse
- China Airlines renews contract with Fraport Cargo Services
- Kuehne + Nagel gains two new customers for its Dubai Aerospace Hub
- United is best place to work for non-heterosexual staff: civil rights group
|NOVEMBER 22, 2015|
- China inspects shipping lines' offices
- CMA CGM reports net profit in challenging market
- Container service reliability falls slightly in Oct.
- Guidance on fiscal & quality measurement for LNG bunkering released
- Overcapacity, low freight rates driving consolidation efforts
- UASC launches new mobile application
- Vulnerability of ships to cyber attacks discussed
- Basmati exports to Iran thru' UAE rise
- CIL imports only 5 lakh t coal due to poor orders
- India may start dairy products exports to Russia
- HAROPA again gets awarded for being environment-friendly
- KPT in effort to address complaints, grievances in time-bound manner
- NUTEP terminal project to bring first 10,000-TEU vessels into Black Sea
- Promoters of Essar Ports to buy back shares worth INR 1,047 cr.
- US pushing India to remove port restrictions on apple import
- VCT berths longest containership
- India in agreement with neighbours on free vehicular movement
- Asia & Africa seen as new export markets for India
- Exporters hail approval of Interest Equalisation Scheme
- For healthy export-based industry, competitive exchange rates seen as must
- Land cost may be excluded while computing cost of infra projects
- Traders hail 100 pc FDI in oil palm plantations
- Poland invites Indian cos to invest
- Report focuses on improving Africa's infrastructure
|NOVEMBER 20, 2015|
- Federal cash for Texan roads
- Fuel alliance in Norway
- FAA handing out hefty fines
- And the No 1 truck sellers are...?
- Reinforcements for U-Freight partner in Valencia
- Baltic Rail Gate scaling the heights
- Relocation in Antwerp
- Budapest airport strengthens cargo relations with China
- Swan and Exmar to tie the knot in Gujarat
- Go-ahead for more track doubling in India
- A Canadian steeling up in Antwerp
- Boosting efficiency with LHVs
- Black Sea preparing for 10,000 teu vessels
- Traction outsourced in Scandinavia
- Sales director for Quebec and Atlantic Canada
- ABC - new service and new freighters
- JAS celebrates 20 years of business in USA
|NOVEMBER 20, 2015|
- Top trends for 2016 that will reshape maritime's future
Plagued by overcapacity and ongoing losses, the container shipping industry is rife with talk of potential mergers and acquisitions. The consolidation of the highly fragmented industry is long overdue, especially when contrasted with such other heavily capitalised transportation sectors as railroads and airlines. The possibility that a new wave of M&A...
- Another investment pitch goes horribly awry
'Invest in dry bulk, because it's so bad there's nowhere to go but up'. That was the Wall Street pitch du jour in 1H15. As it turns out, there was somewhere else for dry bulk to go: down. All the way down to the lowest spot rates ever. The Baltic Dry Index hit...
- Commentary: Another shipping investment pitch goes horribly awry
Photo: IHS'Invest in dry bulk, because it's so bad there's nowhere to go but up'. That was the Wall Street pitch du jour in the first half of 2015. As it turns out, there was somewhere else for dry bulk to go: down. All the way down to the lowest...
- Japan Marine signs ro-pax pair
Mitsui OSK Lines group company Ferry Sunflower Limited has contracted a pair of ro-ro passenger ferries to be built at JMU shipyard. The pair are scheduled to be delivered from the Japan Marine United shipyards in March and June 2018, and will replace the ferries Sunflower Satsuma and Sunflower Kirishima on...
- Shipbuilder STX O&S in need of more restructuring
An STX Offshore & Shipbuilding yard. Credit: STX Offshore & EngineeringLosses incurred from low-priced orders have forced another round of restructuring at South Korean shipbuilder STX Offshore & Shipbuilding. In October, the shipbuilder and its customers told IHS Fairplay that it had completed restructuring and deferred orders were on track for...
- Korea's Gwangyang port to benefit from logistics firm bank loans
Trucks queued outside South Korea's Gwangyang port. Credit: PAYeosu-Gwangyang Port Authority and Hana Bank have teamed up to offer low-interest loans to logistics firms that ship goods through Gwangyang, South Korea's second busiest container port. The scheme is in line with Government 3.0, which President Park Geun-hye introduced for the administration...
- SPP Shipbuilding employees appeal to President Park for help
South Korea's President Park Geun-Hye. Credit: PASouth Korean mid-tier shipbuilder SPP Shipbuilding's staff have written to President Park Geun-Hye in a last-ditch attempt to stop creditor banks from selling the company. Woori Bank is inviting letters of intent for the shipbuilder and a preferred bidder would be chosen in December. SPP Shipbuilding...
- MOL introduces FLIR C2 to enhance safety
Japan's Mitsui OSK Lines (MOL) has launched FLIR C2 thermal imaging system to enhance safety of its coal carriers. The thermal imaging system is designed by equipment manufacturer FLIR Systems Japan. It uses infrared rays to monitor and detect heat temperature in coal carriers, providing a warning system to the crew...
- Bumi Armada profit takes a tumble on weak offshore business
The depressed offshore market saw third quarter net profit at Malaysia-listed Bumi Armada tumble by 36 percent to MYR70.9 million (USD16.4 million) compared to the same three months of last year. The offshore services provider's lower net profit was attributed to a drop in its revenue of 12 percent to MYR559.5...
|NOVEMBER 20, 2015|
- Dismay for container lines as rates continue to plummet, and next GRIs may not hold
- Merry Christmas: or is IAG's confidence in an air cargo peak season misplaced?
- Ripples from the tragic events in Paris will spread to all Europe's borders
- MEPs demand EC proposes tolls on trucks to curb CO2 emissions
- ABC's new 'white-tail' aircraft on lease from Boeing
- Good article, originally by the WSJ, on why the latest, and unexpectedly timed, delivery of ...
- Buyer-supplier relationships will never really change
- How big data can help asset utilisation by protecting sensitive cargo in the cold chain
|NOVEMBER 20, 2015|
- Hempel passes micro-fiber based antifouling milestone
- Three honored with AOTOS award
- ABB unveils Integrated Operations Center
- MOL subsidiary orders two ROpax ferries
- One-of-a-kind Harley celebrates LCS 5 commissioning
- Rolls-Royce wins thruster order from Turkish tug builder
|NOVEMBER 20, 2015|
- Northwest Seaport Alliance releases October cargo numbers
- Drewry carrier performance ratings show reliability falls during October
- Diana Shipping announces drawdown of over $27 million
- Port of Port Angeles schedules Fairchild Airport planning meeting
- Panama Canal continues steps to cut into vessel traffic backlog
|NOVEMBER 20, 2015|
- Box lines in push to lift transpacific spot rates ahead of contract season
Urgent need to halt the decline and avoid being locked into 12-month commitments at rockbottom prices
- CMA CGM sole bidder for NOL as Maersk drops outs
Update: NOLand CMA CGM confirm their exclusive takeover discussions hours after French line sees third-quarter net profit slide 75% to $51m
- Piraeus sale delayed again
Bidders ask for more time to go through the books
- Stena Bulk slams bunker 'scandal' and warns of further arrest threats
CEO Erik Hånell calls for clarity from the courts on messy OW Bunker fall-out
- Bumi Armada earnings weighed down by weak offshore sector
Negative short-term outlook for oil and gas sector to pressure OSV, subsea vessel utilisation
- Spot market misery continues
SCFI index falls to all-time low as rates plummet across the board
- Northern Exposure
In October, 1,500 delegates gathered at the Arctic Circle Conference in Iceland to discuss the northern sea route. How realistic is the concept, what are its benefits and pitfalls and what rules will govern the route?
- Automation on trial
It is widely acknowledged that automation will be the solution to handling ultra large container vessels - how will Rotterdam's Maasvalkte2 put this theory to the test?
- What's driving the Baltic Dry Index to a fresh record low?
An unholy mix of low demand and bad decisions by owners
- Western Bulk posts $10.2m loss amid low freight rates
Dry bulk operator launches a recapitalisation plan to bolster liquidity
- Deep Sea Supply expects further lay-ups
Brazil blocking troubles may ease but markets remain weak
- Finland to become 45th signatory of the ballast water convention
Ratification by just one of seven leading non-signatory states will now bring regulation into force
- Rongsheng to settle with more than 10 major institutional creditors
Settlement to be done via debt-to-equity swaps
- Port Hedland introduces new system to expand export capacity
Projected efficiencies could lead to 16% growth in shipments
- Philippines signs maritime law enforcement pact with Taiwan
Both nations agreed to avoid using unnecessary force when enforcing maritime law
- Diana Shipping draws down $27.95m more from ING Bank credit facility
Amount secured by New Orleans capesize dry bulk vessel
- Chinese financial leasing firms increase role in global ship finance
But is their expansion pushing whole sectors into overcapacity?
- Scorpio Bulkers declares its fleet fully financed
A $12.5m facility for Imabari-built ultramax delivered this quarter rounds off funding to support the 60 vessels in Monaco-based company's owned fleet
- MISC seeks growth in low oil price environment
Company looking to buy floating offshore units attached with charter contracts
|NOVEMBER 21, 2015|
- Slide show: Top winners of US freight project grants
The poor state of U.S. infrastructure is a source of regular frustration for both shippers and logistics companies because poor roads, highways and bridges cause congestion, raising the cost of transport. Congress has balked at passing a multiyear bill to increase surface transportation funding, causing states to rely more on...
- CN Rail's intermodal push is latest move in Mobile expansion
When the Alabama Port Authority opened a new warehouse for steel shipments in 2010, it added 400,000 square feet of storage space for other commodities. "We'd been storing steel almost everywhere we could find space for it," said Jimmy Lyons, CEO at the Alabama State Port Authority. "When we opened the...
- LTL shipments increase, barely, in 2015 as revenue drops: SJ Consulting
Less-than-truckload revenue may have slipped so far in 2015, but shipment volumes increased slightly, edging up 0.4 percent in the first nine months of the year, SJ Consulting Group said. Revenue for the total LTL market dropped 0.1 percent in the same period, the Pittsburgh-based research company told JOC.com, largely...
- Long Beach port considers new way to reduce free container storage time
The Port of Long Beach is considering a creative approach to reducing the amount of time that containers sit idle at marine terminals, a measure that could reduce congestion at the second largest U.S. port by changing how free storage time is calculated. By changing the measurement of free storage time...
- Truckload rates hit brakes, intermodal rates fall
The Cass Truckload Linehaul Index rose only 1.9 percent year-over-year in October, further demonstrating that contract truckload pricing gains are slowing amid excess capacity. The Cass Intermodal Pricing Index, which measures total intermodal costs, fell 3.2 percent in October, following a 2.3 percent drop in September. The index has been falling...
- Long Beach terminal productivity high serves as mega-ship dry run
Total Terminals International last month set what company executives say is a new North American record by working nine cranes against a vessel, completing 2,285 container moves over eight hours. But the Long Beach terminal operator was seeking more than just bragging rights. TTI was preparing for the future when vessels...
|NOVEMBER 20, 2015|
- OSG sets stage for listing, without IPO
New York tanker giant files application to place Class A shares on NYSE MKT.
- More sparks fly in suit against NewLead
TransAsia says chief executive Zolotas made false statement about document production.
- Apicorp ready to spend again
Saudi tanker investment fund to acquire another shipping asset by first quarter of 2016.
- Uljanik adds cruiseship
Brokers say Croatian shipyard inks order for 10,000-gt vessel for delivery in 2018.
- Maersk: More lay-ups to come
CEO of Danish giant's offshore vessel division says the market will remain tough for everybody.
- XT buys Toyo capesize
Idan Ofer company to purchase of 2009-built Japanese bulker.
- Wells downs trio amid box and bulk blues
Seaspan and two Diana companies receive lower ratings due to trouble in container and dry sectors.
- Fesco in merger talks?
Russian boxship owner reportedly in negotiations to join forces with compatriot Transcontainer.
- Ferry crash a mystery
UK probe unable to explain why steering mode changed before DFDS ro-pax hit breakwater.
- Don't stop now
Russian deputy premier says $2bn Zvezda shipyard should still be built despite low oil prices.
- Nystad joins Sea Sea
Ex-Odfjell Tankers' boss takes the helm at London-based tanker management firm.
- Havyard profit halved
Norwegian shipbuilder reports reduced earnings for the third quarter as revenue dips.
- Christen Sveaas steps in to aid Western Bulk
Norwegian investor to pump in cash as part of round of financial changes at shipowner.
- Ro-pax double for MOL
Japanese owner's Ferry Sunflower to take delivery of two bigger ships in 2018.
- Ridgebury earnings rise
US tanker group has pushed up pre-tax profit in the third quarter as it eyes fleet sale.
- Deep Sea lays up again
Fredriksen company now has 10 PSVs stacked with more to come, but there is hope for blocked ships in Brazil.
- Bumi Armada profit down in third quarter
Malaysian FPSO specialist held back in Q3 by pressure on OSV and subsea vessel utilisation levels.
- Norden sisters targeted
Danish shipowner's product tankers among the thirteen ships targeted by pirates in Asia last month.
- 'Losing the war'
Hapag-Lloyd USA chief executive John Murray says more ships will exit US flag without more support.
- Shapiro: reverse law cutting aid cargoes
Liberty chief executive tells hearing in Congress to put more food aid on US-flag ships.
- Panama Canal delays hurting liner
Container trade reliability takes a slight dip in October as tonnage gets held up in Panama.
- Panama Canal cuts vessel backlog
Efforts to improve access look to be achieving results with transit waiting time cut to four days or less.
|NOVEMBER 20, 2015|
- NEWS FLASH: TSA seeks to shore up rates; impose hefty GRI in January
- Panama Canal says congestion is easing
- CMA CGM reports lower profit in Q3
- FTR: Trailer orders decline in October
- Former ag secretaries urge TPP passage
- CEVA opens new HQ for South America
- Spot container rates sink 28% to Northwest Europe
- FMC says addressing PierPass concerns a top priority
- Virginia aims for $670 million in new port investment
- ABC starts Atlanta service
- Amsterdam's Schiphol airport posts Q3 cargo throughput
- U.S. steel exports fall in September
- Tulsa Port of Catoosa's volumes skyrocket in October
- Stifel logistics index hits 3-year low
|NOVEMBER 20, 2015|
- Investigation blames 'drunkeness' for vessel grounding
25 metric tonnes of MGO were leaked into the sea.
- Dry bulk index less than half the level it was a year ago
'When China sneezes, dry bulk gets the flu.'
- Singapore owner pays up debt for US ferry operator
Bill to World Fuel Services and Cockett Marine Oil still unsettled.
- USCG updates safety alert for low sulphur marine fuel
Main engines may not attain expected speed with low sulphur bunker material.
- USCG updates safety alert for ULSFO marine fuel
Main engines may not attain expected speed with ULSFO.
- Bunker tanker resumes service in Black Sea
Vessel underwent a scheduled maintenance at a Varna-based shipyard in Bulgaria.
- Maran Tankers Management orders modern VLCCs
Order for newbuildings placed at Daewoo Shipbuilding and Marine Engineering.
- Singapore player reaches for Myanmar bunker market
Building 97,000 cbm fuel storage facility at Thilawa.
- PwC starts Maritime Sustainability Centre in Greece
Facility to help shipowners meet EU legal requirements on MRV of CO2 emissions.
- Aegean reports record quarterly sales volume
Q3 gross profit and net income up from last year, but revenues and margins down.