|MARCH 24, 2015|
- Singamas profit down 22pc to US$28.02 million as revenue rises 20.5pc
- MOL hikes Madagascar, Mozambique rate US$150 per TEU April 1
- Xiamen port profit down 13pc to US$46.3 million as revenues rise 56.8pc
- Portland go-slows persist despite US$60,000 fine against ILWU local
- Hungarian PM will opposed any trade deal that would ban court appeals
- Swiss forwarder M+R Spedag Group opens new offices in Vietnam
- Asia-Europe contracts up as carriers quit year-long deals for spot market
- Wheeler: 10pc of USWC cargo lost to USEC in 2002 - 15pc to go in 2015
- ICTSI to invest US$130 million to upgrade Iraq's Basra Gateway Terminal
- FedEx quarterly profit up 53pc to US$580 million as revenue increases 4pc
- Cut flower air supply chain reps hold lively discussions in Johannesburg
- Russia's UTair named official carrier for Biathlon World Cup final events
|MARCH 23, 2015|
- CaroTrans expands Asia import service network
- Growth in Indian chemical industry to benefit tank container segment: Heike Clausen, CEO of VOTG Tanktainer
- IR Class launches high level advisory committee in UAE
- Key issues discussed at Bhavani Shipping's Worldwide Agents' Meet 2015
- M+R Spedag Group opens fully operational offices in Vietnam
- NYK to implement new employment scheme for Japanese seafarers
- SCFI rates continue downward trend
- SHAKA EXPRESS 2 line to call Chiwan
- HAROPA - Port of Le Havre is PERS certified
- TT Club warns Baltic ports to protect against reputational damage
- Yashodhan Wanage takes charge as Deputy Chairman of Mumbai Port Trust
- India, Myanmar agree to improve trade & investment
- INR firms up further against dollar
- Fieo's 'India Expo' in Nairobi from March 27 to 29
|MARCH 24, 2015|
- Ewals Cargo deploying mega trailers
- Vessels Value launches new tool
- Conference highlights transport liberalisation in EEU
- YRCW selects general counsel and secretary
- IR Class aims to deepen relationships with UAE
- Sale of Toll Group now definite
- Manston airport closure process to be reviewed
- Uzbekistan operating Afghan rail link
- New CEO at MAN Truck & Bus
- DB's results waxing and waning
- Port of Dunkirk raises intermodal profile
- French ports certified for eco policy
- Ploughing ahead with agenda 2020
- TX Logistik steps up links to Scandinavia
- Eva Air lowers curtain on MD-11F
|MARCH 23, 2015|
- Euro shortsea market coming off the boil
Short-haul bulk and breakbulk traffic in Europe appears to have slowed, putting an end to the rally in freights and vessel earnings since the start of the year. Charter enquiry for minibulkers and coasters cooled down on the European continent and in the United Kingdom last week, fuelling
- Yangzijiang expands into non-shipping businesses
Singapore-listed shipbuilder Yangzijiang Shipbuilding has diversified from its core shipping business to investment in non-shipping companies. Through its wholly owned subsidiary, Jiangsu New Yangzi Shipbuilding (JNYSCO), Yangzijiang has subscribed for 30% equity interests each in the capital of
- Project 'VAMOS! gets under way
Damen Dredging Equipment (DDE) is to lead the system specification and architecture phase of the 'VAMOS! (Viable Alternative Mine Operating System) project. 'VAMOS! is a new 42-month EUR12.6 million (USD13.6 million R&D programme launched to find ways to tap into the wealth of unexploited
- Knightsbridge shares approved for secondary listing in Oslo
Shares in Knightsbridge Shipping, the New York-listed dry bulk shipping company in John Fredriksen's business empire, have been approved for secondary listing on the Oslo Stock Exchange, the company said in a statement. However, the board of the bourse stipulated that before trading in the shares
- New Coral Sea shipping routes proposed
An Australian proposal to extend protection of the World Heritage Great Barrier Reef and Torres Strait east into the Coral Sea will go before the IMO's Marine Environment Protection Committee in May. The proposal, which was agreed to by the IMO Sub-Committee on Navigation, Communications, and
- Cruise firms replace Tunis with Valletta
Following the 18 March terrorist attack in Tunis that left 21 people dead, MSC Cruises has decided to replace Tunis with Valletta for its western Mediterranean cruise. A spokesman for MSC in Malta said the company was dropping Tunis as a stopover for the rest of the year and chose Malta as a
- Qingdao Port International profits up 18.5% y/y in 2014
Hong Kong-listed Qingdao Port International, a listed unit of Qingdao Port Group, said its profits grew 18.5% year on year (y/y) to CNY1.6 billion (USD255.8 million) in 2014 due to revenue increase and cost cuts. The company's revenue also rose 5.8% y/y to CNY6.9 billion due to growth in its
- Singamas's profits down 18.1% y/y in 2014
Hong Kong-listed box-maker Singamas Container posted a year-on-year (y/y) fall of 18.1% in profits to USD28.0 million in 2014, due to declining average box prices. Revenues of Singamas Container, which has production facilities in China, rose 21.0% y/y to USD1.5 billion in 2014, a stock filing of
- Bulk carrier U-Ming orders two cement carriers
Taipei-listed bulk carrier U-Ming Marine announced on 18 March that the company has placed an order for two cement carriers. These two newbuildings will replace the old vessels of U-Ming's fleet, according to its filing to the exchange. The company stressed that the new cement carriers will be
- Long-term growth seen for MR tankers
The bullish run for medium-range (MR) product tankers may finally be happening, with 21% year-on-year (y/y) growth in fixtures from October 2014 to February 2015. Tanker consultancy Poten & Partners' analysis show there were 2,259 fixtures in the last five months compared with 1,869 in the year-ago
- Pirates board two vessels off Indonesia
Two vessels were boarded by sea robbers in succession off Indonesia, according to a report from Singapore-headquartered anti-piracy watchdog, ReCAAP Information Sharing Centre (ReCAAP ISC). First, a Marshall Islands-flagged bulk carrier, Capetan Giorgis, was boarded by four men while it was under
- 'Founding father' of Singapore's maritime might dies
Even after he stepped down from premiership, Lee Kuan Yew, who died aged 91 at 03:18 h local time on 23 March, firmly believed the city-state had to remain a major hub port to retain its leading position in the maritime world. As Singapore's first prime minister from 1959 to 1990, Lee led a period
- MPA signs MOU with M1 to enhance 4G network
The Maritime and Port Authority of Singapore (MPA) has signed a memorandum of understanding (MOU) with Singapore-based telecom services provider, M1, for the adoption of the 4G broadband network coverage over Singapore's port waters. Under the MOU, the two organisations will conduct research and
- Bulker newbuilding orders plunge
Orders for dry bulk carriers plunged 66% year on year (y/y) in February as the Baltic Dry Index (BDI) plunged to a historic low, deterring investments. Statistics compiled by Greek broker Golden Destiny show 37 bulkers of 1,928,933 dwt were ordered this February, compared to 108 ships in the same
|MARCH 23, 2015|
- NZ court fines Master who failed breathalyzer test
- AEP ponders sale of barge subsidiary
- Wärtsilä launches new series of LNG carrier designs
|MARCH 23, 2015|
- Port of Olympia receives Gottwald mobile harbor crane
- Diana Shipping inks deal for $93.08 million loan
- AAPA names recipients of top port person award
- Bellingham Airport adding web-based parking tool
- Trucking group calls on congress to approve use of hair testing
|MARCH 23, 2015|
- Tankers on alert as US crude storage crisis closer to breaking point
Record crude storage levels at Cushing throw spotlight on easing the pressure through exports on tankers
- CMA 2015: Tsakos proves a principled navigator of change
New CMA Commodore says shipping is as important as ever but lacks recognition
- New research shows port productivity does not increase in line with ship sizes
Revolution in handling is required to improve port productivity in line with bigger ships - but who will pay?
- China's shipbuilding industry signals further consolidation
Cansi report shows the 54 major Chinese shipyards taking all newbuilding contracts in January-February
- Angola LNG sticks with late-2015 restart date
African LNG exporter says its seven vessels are sufficient for now, as it waits for them to return to the stalled project
- Fugro says it's not a good fit with Boskalis
Royal Boskalis Westminster continues to increase its stake in the oil services company
- CMA 2015: Morooka and Borromeo share their views
Two prominent industry figures take part in Q&A session over information technology, shale revolution and emission control areas
- FMC wants to know how alliances are alleviating congestion
FMC Commissioner calls on alliances to report promptly on operational steps to ease backlog at US west coast ports as shippers call for alliance KPIs
- Hamburgers face a grilling in New York
Wall Street may finance German owners, but only if the deal is right
- GMS forecasts 'frantic year of scrapping' in dry sector
Global demolition activity up sharply so far this year to 10.7m dwt, a rise of 37% over the same period of 2014
- Two more attacks in the Malacca Strait
Pirates target panamax bulker and 7,455 teu boxship
- Star Bulk clinches yard deals for later newbuilding deliveries
Owners being 'very proactive' in curbing supply growth, says Pappas
- On the hook
Nobody really thinks about the seafarers whose voyages have been interrupted by the US west coast congestion. Trust me, they have not been having much fun
|MARCH 23, 2015|
- February laden container volume up 8.6 percent at Savannah
The Port of Savannah's volume of loaded containers in February jumped 8.6 percent from a year earlier as the Georgia Ports Authority posted across-the-board cargo increases. The ports of Savannah and Brunswick enjoyed increases in bulk, breakbulk, autos and machinery, and containerized shipments, which were boosted by shippers bypassing congested West...
- CSX boosts capacity at Ohio intermodal hub as volume builds
JACKSONVILLE, Florida - The recent installation of the second of two wide-span gantry cranes at its intermodal hub in northwest Ohio, completing a $40 million expansion, is the latest sign of how the hub-and-spoke model of CSX Transportation, which gives shippers more origins and destinations, is paying off. The two new...
- Prepare for major changes in trucking environment, shippers told
ORLANDO, Florida - Shippers are being warned to prepare for major and potentially costly changes in the way they contract or hire trucking companies to move freight across the U.S., as economic, regulatory and legal pressures reshape the transportation landscape. The days when a shipper or consignee could tell a trucking...
- Shipowners bullish on container market outlook
NEW YORK - Shipowners that charter out container ships to liner operators are optimistic that the container shipping market is turning around and that charter rates for their vessels will increase as shipping lines turn to them to fill a gap between supply and demand that will start to open...
- FMC's Khouri wants alliances to report on congestion
A U.S. Federal Maritime Commission member wants the FMC to ask the four major container ship alliances to supply new information on what they're doing to reduce congestion at U.S. ports. FMC member Michael Khouri's request was followed by an appeal from the Global Shippers Forum, which represents U.S., European and...
- MSC container ship, bulk carrier attacked off Indonesia
A Mediterranean Shipping Co. container ship and a bulk carrier were attacked in separate but possibly related incidents off the coast of Indonesia, according to the intergovernmental anti-piracy office ReCAAP. The two incidents, which are reported to have happened within hours of each other, involved ships sailing eastbound in the Straits of...
- Sumitomo invests in Myanmar's logistics market
Major Japanese trading house Sumitomo Corp. has unveiled plans to set up a logistics subsidiary in Myanmar to cash in on the increasingly promising local market and further strengthen its footprint in the entire Southeast Asian region. Sumitomo said on Monday that it will establish the logistics subsidiary within the Thilawa...
- Qatar Airways to launch freighter service to Los Angeles
Qatar Airways Cargo is launching a freighter service between its Doha hub and Los Angeles International Airport, its fourth all-cargo service to the U.S. The twice-weekly Boeing 777 service via Luxembourg and Mexico will begin on April 4, departing Doha on Wednesdays and Saturdays. The carrier currently operates freighter and belly cargo...
- DCT Gdansk terminal orders 15 rubber-tire gantry cranes
DCT Gdansk has ordered 15 rubber-tire gantry cranes from Konecranes for scheduled deployment at the Polish terminal in the second half of 2016. The 16-wheel yard cranes will have lifting capacity of 40.6 tons, stacking height of one container over five, and a stacking width of seven containers plus truck lane....
- Slow season rates under pressure from excess supply, Drewry says
HONG KONG - Supply growth is running away at twice the rate of demand growth expected in 2015, and the downward pressure has seen rates plunging, Drewry noted in its latest Container Insight Weekly.By the start of the second quarter, the London-based analyst said slot supply on a year-over-year basis...
- Cargo is moving? Not so fast.
The Port of Oakland was recently quoted on JOC.com as saying, "Cargo is moving and the backlog is shrinking." Such a statement doesn't tell the complete story and causes a great deal of confusion and resentment on the part of cargo owners. Importers and exporters are hearing from their motor...
- APMT Mumbai crane slowdowns end, but berthing delays go on
Crane operators employed by private rubber-tire gantry contractors at Gateway Terminals India ended a go-slow action and resumed normal activity over the weekend, terminal operator APM Terminals Mumbai said in a trade advisory. "The RTG operators have resumed normal operations. Discussions are still going on between the operators and the outsourced contractors...
- Asia escapes equipment shortages, Singamas chief says
Source: Singamas and Barclays.HONG KONG - Port congestion on the U.S. West Coast that caused lengthy delays for shipping lines and on-shore bottlenecks only had a limited effect on container availability in Asia, said Singamas CEO Teo Siong Seng.The West Coast congestion has led to an equipment shortage in Asia...
|MARCH 23, 2015|
- Navios takes flight
Shares of Navios Maritime Partners gained traction today in the wake of an endorsement from a forecaster at Deutsche Bank.
- CMA underway
Some of the shipping industry's brightest stars are heading to New England this week to attend the Connecticut Maritime Association's (CMA's) annual conference at the Hilton Hotel in Stamford.
- Shy, not retiring
For anyone who might have jumped to the wrong conclusion about Michael Parker accepting a career achievement award, hear this: Citigroup's head shipping banker isn't going anywhere just yet.
- Come together
An unprecedented corps of private-equity sponsors should pressure the shipowners they support to consolidate over the next six months rather than gaining size through more newbuildings.
- Good years ahead
Tsakos Energy Navigation (TEN) chief executive Nikolas Tsakos says his company expects the currently healthy tanker rates to continue well into 2017.
- Giant one step closer
John Fredriksen took another step in creating a single giant bulker company today when Knightsbridge Shipping secured a secondary listing on the Oslo Stock Exchange.
- Marenave faces loss
German owner Marenave is facing a loss of EUR 33.7m ($36.7m) in 2014 as it takes another hit from dire bulker markets.
- Greece recoups illegal aid
Greece has been ordered to recoup the funds provided to Piraeus Port's operator Cosco Pacific through financial benefits.
- Quintana picks up period deal
One time US initial public offering hopeful Quintana Shipping has found short period employment for one of its bulkers at a reduced rate, brokers say.
- Norden pair identified
Shipbrokers believe they have tracked down the identity of two tankers sold by Norden of Denmark.
- Clash case goes ahead
A 20-year battle between two Indian owners over a vessel collision may be about to finally reach court.
- Diana takes Glencore cut
Greece's Diana Shipping has lined up $2.24m of revenue by extending a bulker charter at a reduced rate.
- One dead in ferry fire
A dead body has been found on the deck of a burning catamaran passengership, the Greek coast guard said on Monday.
- Exelixis sells bulker
Exelixis Investment Public Ltd has sold a 1994-built bulker to a Hong Kong owner for $4m.
- Reward for DHT duo
DHT Holdings' two chief executives have seen their pay packets increase during a year in which the company underwent significant growth.
- Crewman dies in Greece
A seafarer has died during operational works on an anchored bulker at the port of Thisvi, western Greece, on Saturday.
- Tanker runs aground
Bad weather has prevented an attempted refloating of a tanker that grounded off Norway.
- Sales tonic for Topaz
Higher profit from vessel sales helped Topaz Energy & Marine, Bermuda jack up its profit during 2014.
- Kiel Canal crunched
Seven-hour delays have been reported in the Kiel Canal after a Greek cargoship hit a lock.
- Maersk Tankers adding MR
Maersk Tankers is set to continue its products tanker expansion with the addition of a second hand vessel from Motia Compagnia di Navigazione.
- Pirates move east
Somali pirates have shifted their location towards India, the country's defence minister said yesterday.
- Shreyas on the hunt
India's Shreyas Shipping & Logistics is aiming to boost its fleet again by acquiring four containerships.
- Boskalis gets a quarter
Royal Boskalis Westminster has boosted its stake in Dutch offshore owner Fugro by 5%, stating once again that this is not a step towards making an offer.
- SK eyes HMM bulkers
SK Shipping and Korea Development Bank (KBD) are reportedly teaming up to bid for domestic owner HMM's bulker fleet.
- Pappas applauds dry owners
Petros Pappas has praised shipowners for discipline which has pulled bulker newbuilding orders to a two decade low and is hoping they can stay away from shipyards for the next year.
- Seamec acquires veteran
India's Seamec has snapped up an elderly offshore support vessel (OSV) from a Singapore operator.
- Star seeks more alliances
Star Bulk Carriers is exploring ways to replicate a capesize co-operation agreement in other sub-sectors of the struggling dry cargo market.
- Stopford scoops prize
Clarkson Research Services non-executive president Martin Stopford has been jointly awarded the $200,000 Onassis Prize for Shipping 2015.
- Crewman overdosed
A UK inquest has found a Brittany Ferries steward died from a cocaine overdose on a crossing to Plymouth last year.
- Petrobras shuts FPSO
Petrobras has shut down an FPSO after irregularities were found on board by Brazilian regulator ANP.
- More for Auerbach
Germany's Auerbach Schiffahrt has returned to China for another two multipurpose (MPP) newbuildings.
- Master found to be drunk
A captain has been fined NZD 3,000 ($2,287) after he was found to be drunk while preparing to sail from a port in New Zealand.
- Milaha starts India service
Milaha Maritime & Logistics says it has launched the first ever direct container service between Qatar and India.
- Double piracy attack
The same gang is thought to be behind two acts of piracy that occurred off Singapore on Saturday within six hours of each other.
|MARCH 23, 2015|
- FMC's Khouri wants container alliances to provide congestion information
- Feb. container volumes up at Savannah, Charleston
- Global Shippers Forum wants performance data from shipping alliances
- DP World grows profits and volumes in 2014
- Florida group heads to Peru on trade mission
- VPA targets free time, empties to mitigate congestion
- Cathay Pacific profits up 20%
- Amazon expands Prime Now to two new cities
- Ex-PortMiami chief Johnson heads Fla. Commerce Dept.
- Senator, Mexico's port czar honored by AAPA
- Florida Governor visits Port Manatee
- ZIM extra loaders boost East Coast port business
|MARCH 23, 2015|
- USCG: Fuel oil spill at Port of Long Beach
Incident occurred during bunkering operations.
- Cruise lines play down Sydney pollution fears
Cruise ship calls too few to cause environmental threat.
- Wartsila 'taking merchant shipping into the gas age'
Four new designs for LNG fuelled gas carriers.
- Benchmark pricing for natural gas 'difficult'
'Gas is not the same as oil...the delivery system one has to build is enormous.'
- Another bunker tanker sale in Singapore
Auction set for April.
- Storage terminal developer looks for investors
Egyptian terminal on track but Mashreq wants a foreign partner.
- Delay possible to HK pollution law
Final approval may have to wait a month.
- Singapore: Stronger ties needed to boost anti-piracy efforts
To keep a closer eye on incidents across Asia.
- Analyst brought to court over 'misleading' reports
Latest report linked Noble to OW's collapse, among other allegations.
- 'Hybrid' fuel risk at changeover, says class society
Monitor fuel performance 'well in advance' of ECA entry, according to DNV GL.
- Fishing boats up for auction after bunker bill defaults
Vessels arrested last year over defaulted bunker bills.
- Low crude prices putting Russian fuel oil exports at risk
'Russia's simple refineries could reduce their runs.'
- New staff at Dan-Bunkering's Dubai branch
New accountant joins firm.