|JUNE 30, 2015|
- OOCL levies US$24/TEU low sulphur surcharge on Asia-Gdansk run
- FMC to order carriers to provide data to monitor US west coast congestion
- EU industry lobby wants trade safeguards against China to stay in place
- US east coast dockers' union chief refuses to give up chassis inspections
- Drop in idle fleet signals possible rise in charter rates
- Five months of dredging in Hong Kong waters, speed limits apply
- UK forwarders push for creation of Union Customs Code for Europe
- UK fresh produce industry losing US$3.2 million monthly due to stowaways
- SimpliShip offers shippers online platform for NVOs to bid for freight
- Egypt's Damietta port orders 4 more RTGs from Konecranes
- Clocked truckers drive 6.09 hours rather than the 11 hours max allowed
- US Army Corps of Engineers brass give Charleston dredging their blessing
- Truckers warn of excessive regulatory activism in policing carbon emissions
- Jetstar HK denied local rights, Cathay chuffed, Qantas miffed
- China to merge 3 cargo airlines to create Asia dominator, says report
- FAA fines National Air Cargo for insecure loading in 2013 Bagram crash
- IATA's Tyler tells African aviation to build on intra-Africa connectivity
- United applauds Supreme Court ruling backing homosexual marriage
|JUNE 29, 2015|
- Asia-North Europe spot rates see significant turnaround
- Bangladeshi vessels carry more cargo than India after transit deal
- CaroTrans continues import service network expansion with direct Milan to Charleston service
- CMA CGM resumes TBL service to Bujumbura, Burundi
- CMA CGM suspends TBL service to North Mali
- Global shipping industry concerned by protectionist US approach to energy exports
- InterRail strengthens market position in Russia
- Automobile exports to Sri Lanka up
- China may resume beef import from India
- Chinese co. to buy tender arecanut from India
- Adani Hazira Port receives first direct MSC vessel call
- APM Terminals' productivity performance again tops global rankings in annual industry study
- Increase usage of bio-diesel in all Major Ports, says Gadkari
- KoPT fails again to find operator to run two berths at Haldia
- Port of Antwerp to collaborate with Shanghai Maritime University
- Private operators at Major Ports seek market-based pricing mechanism
- Railways & Maharashtra ink several infra agreements
- Andhra Pradesh clears 217 investment proposals
- INR declines sharply against dollar
- NDB to take up projects by April 2016: Kamath
- Restrictions on steel imports may help steel makers: India Rating
- SoftBank, Bharti & Foxconn team up for renewable energy projects worth $ 20 bn
|JUNE 30, 2015|
- Australia: no hike to HGV road user charge
- Tandem gathering in Brazil
- Heavylift firm celebrates seven decades
- Air Canada Cargo screening with Morpho technology
- Cool award goes to...
- Jacky Perrenot receives keys for new truck fleet
- SPO and CNCo to fight diabetes
- Overnight service leaps over statistical hurdle
- Transnet secures more funds for locomotives
- Rehmet - Streck's new front man in Germany
- Aliança completes fleet upgrade
- Official opening of AA cool chain facility
- DHL's Singh-Molares succeeded by his predecessor
- RZDL delivering material for football stadium
- Pulling pipes across Anatolia Forwarding & Logistics
- Virgin Australia Cargo to take off tomorrow
- SC Ports spends nine-digit sum after record volumes
|JUNE 29, 2015|
- Savannah sets cargo record
Container volumes and total tonnage hit all-time records in May at the Port of Savannah. The Georgia Ports Authority (GPA) announced on 29 June that its container business grew 16.4% year-on-year in May to 338,000 teu. Bulk cargo across all terminals grew 60% to reach 256,382 tonnes.
- MyFerryLink crews halt ferry sailings out of Calais
Ferry sailings between Calais and Dover were brought to a halt today for the second time in a week by industrial action by the crews of struggling French operator MyFerryLink. A spokeswoman at the port of Calais told IHS Maritime this evening that the port had been obliged to halt all ferry
- Europe unveils biggest-ever transport investment
European Union port hinterland connections are set to get a EUR13.1 billion (USD14.5 billion) boost under the European Commission's largest-ever transport infrastructure investment. The plan comprises 276 projects. Major rail and inland waterway links are the main beneficiaries, but also included
- 'Grexit' fear hits shipping shares
Shipping stocks are falling on the threat of a Greek debt default, but some commentators claim industry impact will be immaterial. The government of Greece placed capital controls on the banking system on 28 June. Greece faces a USD1.8 payment deadline on an International Monetary Fund on 30 June.
- Procal emissions analyser gains DNV GL certification
Parker Procal has announced that its Procal 2000 emissions analyser has received DNV-GL certification. It has met the requirements of MEPC 184(59) Chapter 6 on emission testing of CO2 and SO2, as well as the requirements of the revised MARPOL Annex VI and NOx Technical Code 2008. The analyser's
- News analysis: Big step for man overboard
Long ignored man overboard safety and rescue is finally in good hands but uniformity and rescue-minded approach are key to put the industry on the right path, writes IHS Maritime's Veronika Farkas.
- TGS agrees to buy Polarcus' multiclient library
TGS NOPEC Geophysical, the multiclient geoscience data provider, has signed a letter of intent to acquire Polarcus' multiclient library, with the exception of Australia, for USD27.5 million on a cash and debt-free basis. The transaction is subject to due diligence and final definitive documents
- Italy invokes arbitration as India further delays marines' trial
Italy has tired of delays in bringing to trial in India two Italian marines accused of firing on and killing two fishermen while guarding an oil tanker against piracy attack. On 26 June, the Italian foreign ministry announced that it had invoked an international arbitration procedure under the UN
- Chinese moves offer short-term hope for dry bulk
An interest rate and reserve requirement ratio cut in China is good news for the dry bulk freight market that has enjoyed recovery from all-time low levels - but that recovery is unlikely to be sustained, shipping analysts said. The People's Bank of China (PBoC) cut its one year lending rate by 25
- Shandong Offshore International to acquire Northern Offshore
Shandong Offshore International has agreed with John Frederiksen's Northern Offshore (NOF) to acquire NOF at NOK7.59 (USD0.97) per share in cash. The deal values NOF's issued share capital at about NOK1.3 billion and the acquisition will be financed from the purchaser's existing cash resources, NOF
- DSME CEO expects loss for 2Q15
The CEO of South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) does not expect the flow of red ink to stop when it announces its earnings for the second quarter of 2015. At a press conference to mark his inauguration as CEO, Jung Sung-Leep, who previously helmed STX Offshore &
- DSME halts purchase of STX France
South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) has decided not to acquire a majority stake in STX France for now as the shipbuilder wants to focus on stability, rather than external growth. DSME CEO Jung Sung-Leep made the announcement at a press conference on 25 June to coincide
- Binzhou box terminal inaugurated
Binzhou Port Qinggang International Terminal (BPQIT), a container terminal operator in China's Binzhou port in Shandong province, was inaugurated on 26 June to serve the Binzhou port's domestic container trade. The BPQIT is a joint venture between Shandong's Binzhou Port Group and Qingdao Port
- Tanker detained in Singapore
Singapore-flagged tanker Sophie 9 was arrested in the Port of Singapore on 25 June under the instruction of local law firm Rajah & Tann. The 6,141 dwt vessel with IMO registration number of 9553270 is owned by Singapore-based DH Marine and managed by Oceanlink Services. "The vessel shall be handed
- Shipbreaking prices sour further
Ship scrap prices decreased again from 22 to 26 June as the South Asian monsoon took its toll on ship demolition activities. As a result, no sales were reported except for that of a tanker that was sold for demolition in Bangladesh. Bulker scrap prices have slipped to USD345-USD350/ldt, compared
- Yinson to raise $79m to pay loans
Malaysia-listed offshore services provider Yinson Holdings plans to raise MYR300 million (USD79 million) share placement to pare down bank borrowings. According to its filing to Bursa Malaysia, the proposed placement is slated to improve the company's financial position by reducing its gearing to
- Otto Marine wins new deals worth $131m
Singapore-listed offshore services provider Otto Marine has clinched new contracts worth USD131 million in the second quarter of 2015 amid bearish market demand. The bulk of the contracts was contributed by its chartering business, which is in line with the company's strategy of improving its fleet
- LNG bunkering to spur new ship orders
Growing demand for cleaner ship fuels, and thus LNG bunkering, would result in more orders for ships running on LNG, a sector analyst has opined. CIMB Securities analyst KJ Hwang made this conclusion after meeting industry experts at the recent South Korea-Norway green ship seminar. Hwang noted,
|JUNE 29, 2015|
- East-west air freight rates hit a new low, but US military makes up the numbers
- MOL axes Europe-West Africa service after oil price plunge and volumes fall
|JUNE 29, 2015|
- Tanker back in service after conversion to LNG fueling
- Burke and Clott get SUNY Maritime ABS Chairs
- Atlantic City wind farm decision headed to NJ Supreme Court
- VHF recordings leaked following cruise ship collision
- Svitzer orders two more Damen ASD tugs
- Prison for captain 10 years after fatal barge explosion
|JUNE 29, 2015|
- Kvichak Marine nets contract for Puget Sound research vessel
- Muilenburg replacing McNerney as new Boeing chief executive
- DOT commercial driver program aids thousands of military personnel
- General Dynamics NASSCO begins work on product tanker
- Sixty five Crowley Maritime ships earn AMVER membership honor
|JUNE 29, 2015|
- North P&I expects improved performance in 2015
Last year's underwriting loss and high claims level are just part of insurance life, say joint managing directors
- Yard Talk | Labour issues drive debate over automation
Shipbuilders in Japan and South Korea seem keener on automating shipyard work than their Chinese counterparts
- Scorpio Bulkers fixes capesize time charter deal at $14,500 per day
Deal by NYSE-listed owner reflects strong market sentiment
- LNG import terminal plan adds twist to Panama Canal expansion tale
Authorities eager to take advantage of new LNG carrier traffic expected in expanded canal
- Transpacific carriers face struggle to hold on to east coast rate premiums
Rise in transpacific services via the expanded Panama Canal could result in oversupply to US east coast, says Drewry
- CMA CGM to host China's prime minister at Marseilles HQ
Update: Top level ministerial delegation underscores close ties between French line and China
- US protectionism over energy exports threatens opportunities for global shipping industry, warns ICS
Moves to restrict LNG exports to US-flagged vessels not currently possible, claim industry sources
- Wan Hai jumps to top of reliability league
Shake-up in liner on-time performance as alliances struggle with schedules
- Capesize rates could break $20,000 per day on Chinese restocking
But analysts still hold dim view over longer term market prospects and say rally likely to be short
- Aurora LPG buys back own shares
Owner invests in itself as VLGC companies remain undervalued
- A different sort of shipping
There is a lot more to the maritime world than tankers, bulkers and boxes, as the recent Seawork Marine Exhibition showed us
|JUNE 29, 2015|
- The Suddath Companies recognized as one of 2015's Best and Healthiest Places to Work
JACKSONVILLE, Fla. - The Suddath Companies, a leader in global transportation, office moving and relocation management, announced it has been named one of the top companies in Northeast Florida as "Best Places to Work" by the Jacksonville Business Journal. Suddath® was recognized in the large-sized employer category (500+ employees). A total...
- Maritime Administration highlights U.S. Merchant Mariner role supporting national security
WASHINGTON, DC - The U.S. Department of Transportation's Maritime Administration (MARAD) has released a three-part video series documenting the MV Cape Ray's historic role supporting the destruction of Syrian chemical weapons at sea. The 648-foot roll-on/roll-off sealift vessel, part of MARAD's ready Reserve Force, underwent historic modifications that converted the...
- The Business of Supply Chain is Changing Through Innovation Summit
Michigan Supply Chain Innovation Summit co-hosts, Michigan Economic Development Corporation (MEDC) and Prima Civitas, are proud to present top experts who are pushing the boundaries of today's best supply chain practices. Network at the opening-night private reception and elegant dinner at The Henry Ford Museum, America's greatest innovation showcase. Meet innovative industry leaders and hea
- Suspension of TBL service to North Mali
CMA CGM informs its customers that for safety reasons, TBL traffics to North Mali (Kignan, S'gou, Mopti, Sevaré, Gao, Kidal, Menaka, Ansongou, Tessalit, Timbuktu) via Dakar are temporarily suspended. Bookings remain open to the following destinations in South Mali....
- Chinese Prime Minister to visit the CMA CGM Group headquarters
The CMA CGM Group is honored to receive the Chinese Prime Minister Mr Li Keqiang in its Marseilles headquarters on July 1st. He will be accompanied by France Minister of Foreign Affairs Mr Laurent Fabius, the Minister of State for Foreign Trade Mr Matthias Fekl and a chinese ministerial delegation during...
- Walters re-elected GPA chairman
Savannah, Ga. - The Board of Directors of the Georgia Ports Authority today re-elected James A. Walters of Gainesville to serve as chairman. Appointed to the GPA board by Georgia Gov. Nathan Deal in 2012, Walters just completed his first one-year term as chairman, having previously served as vice chairman. "At a...
- US Senate bill asks whether 18-year-olds should drive heavy trucks
Should under-21-year-olds be allowed to drive trucks in interstate commerce? A bill introduced in the U.S. Senate last week would create a federal pilot program to study the effects of allowing drivers 18 years of age to haul freight across state borders. The bill, in part, is meant to help alleviate...
- European ports to expand hinterland reach via EU aid
Port of Rotterdam container yard and rail connection.European ports' hinterland connections will get a boost via the European Union's largest-ever infrastructure investment totaling 13.1 billion euro ($14.5 billion). Of the plan comprising comprising 276 projects, major rail and inland waterway links are the main beneficiaries. Ports, notably those used for LNG...
- LA terminal expansion to allow better handling of increasingly larger vessels
The Yusen Terminals Inc. terminal at the Port of Los AngelesThe Port of Los Angeles announced Monday it will begin construction this summer on a two-year, $127 million project to improve the marine terminal operated by Yusen Terminals, so that it can more efficiently handle larger vessels. West Coast marine terminals'...
- Logistics center to serve Oakland port gets more funding
The Oakland Board of Port Commissioners Monday approved a $470 million fiscal year 2016 budget that will fund the continued development of logistics center aimed at boosting container volume at adjacent marine terminals, and other port productivity initiatives. Thirty-two million dollars will be spent to develop the former Oakland Army Base....
- Savannah harbor pilots may face steep rent increase
The Port of Savannah Pilot Base on Cockspur Island, GA. Credit: Bruce Tuten A proposal that could drastically increase costs for harbor pilots at the Port of Savannah could cause operational problems at the U.S. South Atlantic's busiest port, a Georgia congressman warned last week. Rep. Buddy Carter, R-Ga., on Thursday said...
- EU presses Greece to increase shipping taxes
The COSCO Beijing, owned by the Greek Costamare Inc.LONDON - The European Union stepped up pressure on the Greek government to levy a higher tonnage tax and end tax breaks for the powerful shipping industry amid growing fears the country is heading for default and an exit from the eurozone. The...
- Record Savannah volume highlights port's market share gain
Containerized cargo volume at the Port of Savannah in May set a record for the third consecutive month, indicating that the busiest U.S. South Atlantic port continues to gain market share from regional and West Coast competitors. Savannah's Asian volume boosted the port's market share of southeastern Atlantic Coast ports (Miami...
- East, Gulf coast ports prepare for expected cargo spike
SAN FRANCISCO - The diversion of cargo from West Coast ports this past year taught East and Gulf Coast ports a valuable lesson. They better start planning now if they are going to be prepared for another spike in cargo volumes next spring with the completion of the Panama Canal expansion project. The...
- Chinese ports at turning point
China's slowing economy has led to port development projects being delayed as operating companies start to leverage more powerful IT software and more focused management expertise. This marks a turning point for the country's port sector, Ningbo Port Group's chief economist Tong Mengda told the Intermodal Asia 2015 conference in Shanghai....
- Private Indian ports take more public ports' market share
Krishnapatnam Port Minor ports in India are aggressively eating into the market share of their government-owned big rivals, as shippers and ocean carriers frustrated with growing delays at some of the leading public port complexes, including Jawaharlal Nehru Port Trust, look for alternative port options, according to an analysis of port...
- FedEx seeks EU approval for TNT Express acquisition
LONDON - FedEx has formally asked European Union competition regulators to approve its 4.4 billion euro bid ($4.9 billion) for TNT Express two years after they rejected a planned 5.2 billion euro takeover by its U.S. rival United Parcel Service. The E.U. is expected to nod through the bid with relatively...
- China's audit office issues damning report on Cosco finances
HONG KONG - Cosco, the largest shipping line in China, is back in the corruption spotlight with the National Audit Office issuing a report that accuses the carrier of serious financial irregularities.The mainland's highest audit authority, one of China's principle instruments in President Xi Jinping's fight against corruption, released its...
- Asia-EU capacity cuts raise hopes of peak season rate rise, Drewry says
HONG KONG - Carriers on the Asia-Europe trade held out for as long as they could - or longer than they should, considering the recent rate collapse - but after four months of steadily falling spot market prices, the lines have finally been forced to reduce capacity. Click to EnlargeThe action...
|JUNE 29, 2015|
- Mercator's plan approved
Mercator Lines has been given the green light to move forward with its share consolidation by the Singapore stock exchange.
- Major Miner move over
The last piece of the wrecked bulker Miner has been removed from Canada's Scaterie Island.
- US stocks go red
The share prices of Greek shipping companies trading in the US have taken a hit in early trading on Monday.
- Cosco target raised
Barclays Research has hiked its price target for China Cosco Holdings Co (CCHC) due to its central role in the country's imports.
- Juncker targets owners
European Commission president Jean-Claude Juncker openly admitted on Monday he has pressured the Greek government to increase shipping tax as part of a renegotiation of the country's international bailout.
- Bolivia eyes gas exports
Bolivia has agreed a deal that could lay the foundations for gas exports to be shipped to Asia.
- Collision probed
Experts begin investigation into clash between Scorpio tanker and cruiseship in Dardanelles.
- Indonesia's $10bn yards?
Five groups are ready to spend up to $9.6bn on four new shipyards in Indonesia.
- LNG ferry pulled free
A gas-powered cargo ro-ro has been pulled free after grounding off Norway.
- All eyes on Greece
Greece has shut its banks and imposed capital controls as the euro fell almost 2% against the dollar yesterday in Asian markets amid fears of a Greek debt default.
- Aurora begins buyback
LPG carrier owner Aurora LPG has kickstarted its share repurchase scheme with an outlay of NOK 16m ($2.03m).
- BLT prepares plan
Indonesia's Berlian Laju Tanker (BLT) is to disclose its restructuring plan ahead of a shareholders meeting next month.
- Amadeo I righted
A capsized Chilean ro-ro has been brought upright nearly a year after it grounded.
- Tank-barge captain jailed
The captain of a tank-barge that exploded in the US 10 years ago, killing one crewman, has been jailed for six months.
- Polarcus cashes in
Middle East shipowner Polarcus has sold seismic survey contracts in Europe and West Africa to TGS-NOPEC.
- Fredriksen offloads NOF
John Fredriken is selling drilling company Northern Offshore (NOF) to Chinese interests, the Oslo-listed company disclosed Monday.
- Skin in the game
John Tavlarios, chief operating officer of Gener8 Maritime, has shown his faith in the tanker owner by buying shares in the company.
- Otto Marine builds backlog
Otto Marine says it has secured new orders worth $131m in the second quarter of 2015, but details were few and far between.
- Statoil cancels rig charter
Failed deal leads to job losses as rig's Chinese owner sacks 229 staff in Europe.
- Great Amity refloated
A bulker that ran aground on Argentina's Parana River last week has been refloated over the weekend.
|JUNE 29, 2015|
- National Air Cargo fined for unsafely loading 747 freighters
- Port of Oakland announces FY2016 budget
|JUNE 29, 2015|
- 'Flood of new LNG' supplies expected this year
Asian LNG importer paying lowest prices for six years.
- UASC exempt from being an FMC 'controlled carrier'
And is praised for 'environmental stewardship'.
- No easy route for shipowners facing multiple OW claims
'Interpleader proceedings' in US courts can only offer protection in certain cases.
- New hires for Dan-Bunkering
Bringing Monaco team to eight.
- Gloomy outlook for planned Rotterdam terminal
Russia casts shadow over Summa Group's project.
- Bunkering at Hambantota seeks new management
Port authority looking for way out from loss-making operation.
- Futures contract could be launched this year
Chinese regulator says it needs three more months to work on the rules and guidelines.
- Mobil meets costs of Tauranga spill
Fuel pipeline to close for another three months.
- Analyst: LNG-fuelled vessel growth
LNG bunkering operations expected to become more popular.
- Hong Kong: Participating ships to re-register for extended emissions scheme
Current incentive scheme expires on September 25.
- Analyst expects more LNG-fuelled vessels to come
LNG bunkering operations expected to become more popular, says CIMB Securities spokesman.
- Hong Kong: Registration for extended low-sulphur incentive scheme now open
Current incentive scheme will expire on September 25, 2015, says Marine Department.
- Petrolimex resumes bunkering operations
Marine fuel deliveries resumed since Saturday, according to trader.
- OW Bunkers board chairman denies culpability
Finds it 'completely unreasonable' to potentially have to spend years fighting lawsuits in the wake of company's collapse.
- LNG carrier newbuild to use boil-off gas as fuel
Gasum and Anthony Veder enter into agreement for ship to built in Germany.
- Novel approach to vessel upgrades
'Stretches' ship and brings fuel efficiency benefits.
- OOCL announces low sulphur fuel surcharge update
For its Asia-Europe service.
- Fratelli Cosulich: 'Our business model has shifted over last 40 years'
The Italian company shares with Bunkerworld the importance of human capital.