|MARCH 31, 2015|
- Yang Ming back in black with US$13 million profit as revenues rise 13pc
- US Coast Guard approves Korean ballast water management system
- Casualty of merger, Hapag-Lloyd CFO Ganz sacked, replaced by CSAV's Burr
- Maersk orders 7 ice-class 3,600 TEUers from Cosco yard in Zhoushan
- Abu Dhabi lifts 1,137,679 TEU in 2014, up 26pc - bulk cargo soars 37pc
- China starts on Mischief Reef land reclamation in disputed Spratly Islands
- Jardine United International Shipping Agencies (JUNISA) opens in Zhoushan
- Sri Lanka drops objections to China's US$1.4 billion Colombo Port City
- US, NZ seek WTO to stop Indonesian extensive agricultural import ban
- MacGregor supplies complete deck equipment packages to China shipbuilder
- Hainan Airlines profit up 20pc US$417 million - orders 30 Boeing 787-9s
- Pension payouts plunge Aer Lingus into 2014 loss of US$121 million
- GSA members seek 'all-in' pricing and better air cargo visibility
|MARCH 30, 2015|
- Anchor tenant announced for UK's first trimodal distribution park at Port Salford
- Asia-north Europe spot rates continue going down
- CMA CGM registers excellent performance in 2014
- FIATA's RAME 2015 in Dubai on April 19-20
- Lack of ship definition seen as threat to offshore & wind farm investors
- NYK establishes comprehensive logistics company for inland transportation service in Myanmar
- Oil prices seen impacting multipurpose shipping market
- RINA develops new rules for offshore platforms
- UASC entering North Atlantic trade in May
- India, China to benefit from Silk Road-Mausam project linkage
- Rail freight loading capable of 15 pc growth: Panel
- Use locally available materials in road construction to cut cost: Gadkari
- Govt may soon unveil FTP: Sitharaman
- INR slumps on heavy month-end dollar demand
|MARCH 31, 2015|
- The golden years
- EU co-financing cargo management from Rotterdam port
- Topping the billion euro sales mark in China
- DHL takes charge of pharma firm's logistics
- General cargo alliance honours top quality providers
- Finnair growing with new cargo centre and aircraft
- New mainline freight locomotive on trial
- Spare parts in boots and boxes
- Hamburg Süd names "San" class vessel
- CMA CGM ends 2014 with 43% more net profit
- Asian Pacific airlines note hefty volume jump
- Leading cause of US train accidents identified
- Menlo Logistics makes strategic appointment
- "For sale" sign nailed up in Piraeus after all
|MARCH 30, 2015|
- Maldives to shift main port to landfill island
More details have emerged about the deal signed 10 days ago between DP World and the government of the Maldives for a deepwater port on the industrial island of Thilafushi. The first phase of the project will see construction of a container terminal, and this will be followed by a free trade zone
- P&O Ports name revived as Dubai eyes new markets
Dubai is extending its ports and terminals empire globally through a new company specialising in multi-purpose ports. Dubai's Ports, Customs and Free Zone Corporation (PCFC) last week revived the P&O Ports name with a view to starting operations in Madagascar, Somaliland and Albania. PCFC chairman
- Boxship charter market climbs higher
Charter rates for medium-sized container vessels continued to surge last week, fuelling hopes that a broad-based recovery in the boxship charter market is well under way. The ConTex market index went up by 3.2% or 14 points to 454 last week, this increase driven by improvements for ships of between
- Hamburg Bulk Carriers adds 11 vessels
German Handysize operator Hamburg Bulk Carriers (HBC) is expanding into the Supramax and Panamax segments with the award of third party management contracts for 11 ships of 53,000 to 82,000 dwt. The company said today that it was put in charge of the new tonnage by institutional investors and
- CMA CGM profits up 43%
French container line operator CMA CGM has announced that its 2014 net consolidated profits rose by 43% over the previous year to USD584 million thanks to a growth in volume and significantly reduced costs. Volumes carried rose by 8.1% year on year (y/y) to 12.2 million teu and revenues increased
- Piraeus privatisation back on as COSCO China bids
COSCO China is to bid for a majority stake in Greece's port of Piraeus following an apparent change of heart regarding the port's privatisation by the country's new socialist government. The Chinese company is an "active participant" in the bid for a majority stake in Piraeus and can make a "very
- Ukraine slump hits German port operator HHLA
Hamburg's state-owned container terminal operator HHLA managed to increase turnover and profits last year despite a collapse in cargo volumes at its terminal subsidiary in Ukraine. Volume gains at its flagship facilities in Hamburg and in intermodal inland operations saw the group lift its revenues
- China MSA tells Chinese ships to avoid seas off Yemen
China's Maritime Safety Administration (MSA) issued a safety alert to Chinese carriers over the weekend that they should immediately notify their vessels to avoid the seas off Yemen due to the continuing political crisis in the country. All the relevant Chinese carriers should emphasise relevant
- Sembcorp Marine consultant linked to Petrobras corruption scandal
A consultant linked to Sembcorp Marine's drill rig construction contracts with Sete Brasil, a subsidiary of Petrobras, has been arrested over alleged bribery charges, according Sembcorp Marine's statement to the Singapore Exchange. Sembcorp Marine received a copy of a plea bargain between the
- Buying trend returns to ship recycling markets
Cash buyers showed a willingness to acquire ships for demolition last week, amid talks that the Indian government would impose import taxes on Chinese steel. Improving local steel prices and a stabilising Indian rupee also saw scrap prices rising by at least USD20/ldt. Dubai-based cash buyer
- Shanghai International Port Group profit up 29%
Shanghai-listed Shanghai International Port Group (SIPG) announced on 28 March that it recorded a profit of CNY6.77 billion (USD1.09 billion) for 2014, up 28.75% compared with 2013. The company's revenue last year totalled CNY28.78 billion, growing by 2.19% from CNY28.26 billion in 2013, and its
- Yinson posts full-year profit up 75%
Malaysia-listed offshore marine services provider Yinson Holdings posted a full-year profit of MYR251.1 million (USD68.1 million) for the financial year that ended on 31 January 2015, up 75% from its MYR143.1 million profit for the previous year. The increase in profit is supported by higher
- China Shipping Development back in profit
Shanghai- and Hong Kong-listed China Shipping Development announced on 26 March that the company has recorded profit of CNY309 million (USD49.6 million) for 2014, returning to black from the loss of CNY2.23 billion in 2013. The company's revenue stood at CNY12.27 billion, representing an increase
- Offshore insight: OSVs defy bear market
Many shipowners in the offshore sector are struggling to stay afloat amid the market downturn, but a group of offshore support vessel (OSV) companies are defying the odds. They are capitalising on expansion and investment opportunities, which are generating strong profits despite the sector's
- Epic Gas sells two ships
Singapore-based pressurised gas carrier owner Epic Gas has sold two of its older ships. The company said 1997-built Epic Cebu and 1996-built Cefalu have been sold to buyers engaged in Southeast Asian cabotage trades. Epic Gas said, "The transaction demonstrates Epic's commitment to proactively
- Japan's toluene exports hit record high
Japan's exports of toluene hit a record high of 98,400 tonnes in January this year, according to data compiled by IHS Chemical. The amount beat the previous high of 73,700 tonnes in January 2014. Japan's toluene exports have been boosted by demand from the paraxylene plant that opened in Ulsan,
|MARCH 30, 2015|
- Gladding-Hearn starts construction of Circle Line newbuilds
- IMO panel learns more about Viking's LifeCraft concept
- Strategic delivers advanced wind farm crew transfer cat
- CMA CGM poised to order 20,600 TEU trio
- Transas to install ECDIS on over 100 Maersk Line vessels
- MAN Diesel & Turbo demonstrates methanol two-stroke
- Grimaldi orders five more Promas Light retrofits
- Viking Ocean Cruises takes delivery of first ship
|MARCH 30, 2015|
- DOT decision allows Delta to keep Seattle to Haneda route
- Lea Hines leaving post as Port of Anacortes PR boss
- Mitsui takes delivery of new coal carrier vessel
- Jumbo Mark II ferry TACOMA returning to WSF lineup
- Hamburg Sud christens 'San' class container ship
|MARCH 30, 2015|
- Economou buys DryShips' tankers as Tankships IPO is shelved
Greek owner will pay up to $536m for suezmax quartet and optional six aframaxes
- MSC takes delivery of second 19,224 teu boxship
MSC Oliver to enter Albatross service later this week alongside MSC Oscar
- HHLA full-year revenues up 5.4%
Hamburg operator also reports double-digit growth in its operating result, yet overall volumes remain flat
- Aronnax: Is big data, good data?
Shipowners are right to be wary of letting all and sundry get hold of key information
- China Cosco plans to order 11 19,000 teu boxships
Company makes inquiries at several major Chinese shipyards to build the vessels
- Stena unveils converted methanol-powered ro-pax
Lloyd's Register and Wärtsilä join in work on world's first methanol-powered vessel
- Carriers and not lower BAFs to blame for fall in Asia-Europe rates
Drewry attributes latest rate slump to shipping lines' failure to cope with lower utilisation levels
- Black Sea bounty as China favours Ukraine for grain
Smaller vessel operators may switch their focus as China shuns US supplies
- CSAV returns to the black following Hapag-Lloyd deal
Chilean shipping line records profits of $389m in 2014
- CMA CGM profits up 43% as order for 20,600 teu trio finalised
Update: French line considers M&A and IPO after posting net profit of $584m, up 43%, and return on invested capital of 9.9%
- Hellenic Carriers sells oldest bulker for $3.8m
AIM-listed owner will book $3.9m loss on deal that is part of fleet renewal
- Star Bulk sees gradual recovery in dry bulk markets
Industry-wide efforts to curb oversupply and bottoming commodities prices means the worst might be over soon, says president Hamish Norton
- Clustering nicely
Integration in all the elements that go to make up a safe and efficient marine transport system are needed as ship design goes forward
|MARCH 30, 2015|
- LA, Long Beach ports could be back to normal sooner than mid-May
Terminal operators in Los Angeles-Long Beach are beginning to reduce the vessel backlog built up during the longshore labor negotiations, raising the possibility that the largest U.S. port complex will be back to normal before mid-to-late May as originally expected. The Marine Exchange of Southern California reported Monday that 11 containerships...
- Egypt expects August finish to Suez widening
The Egyptian government expects to meet its goal of completing the $4 billion widening of the Suez Canal within a year, allowing shippers to access a second channel starting in August. At the Common Market for Eastern and Southern Africa in Abbis Ababa, Egyptian Prime Minister Ibrahim Mahlab on Monday confirmed...
- Panama Canal vessel backlog persists
Officials at the Panama Canal on Monday were still working their way through a significant vessel backlog after an "unusual" increase in the number of ships awaiting transit began to back up outside the waterway weeks ago. On Monday afternoon there were 19 container vessels awaiting transit on either side of...
- Injunction brings Santos dredging program to a standstill
Port of Santos users and operators were hit by a bombshell Friday when an injunction was imposed, halting the port's much-needed dredging program. Angelino Caputo e Oliveira, president of the port authority, Codesp, appeared shocked by the news when interviewed in his office, but he did have some ideas as to...
- HHLA profit jumps 10 percent on strong ocean, intermodal growth
HHLA's operating profit jumped 10 percent in 2014 as it handled record volumes of containers at its three Hamburg terminals. Hamburg's biggest stevedore earned 169.3 million euros [$182.8 million] before interest and tax against 153.9 million euros in 2013 on revenue 5.4 percent higher at 1.2 billion euros. The Hamburg terminals handled...
- Cosco seeks majority stake in Piraeus port after Athens' privatization U-turn
China's Cosco Pacific will bid for a majority stake in Greece's port of Piraeus after the country's new socialist government apparently reversed course on its opposition to port privatization. The Chinese company is an "active participant" in the bid for a majority stake in Piraeus and can make a "very competitive"...
- TOTE to launch first LNG-powered container ship in April
TOTE Inc. has scheduled an April 18 launching for its first container ship built to operate on liquefied natural gas fuel. The new ship will be operated by Sea Star Line between Jacksonville, Florida, and San Juan, Puerto Rico. The Marlin-class vessel is one of two 3,100-TEU ships that General Dynamics...
- Nhava Sheva sets record in fiscal year container volume
Despite the long-term landside congestion and intermittent labor troubles that led to some traffic diversions, Jawaharlal Nehru Port Trust achieved an all-time high in container-handling in fiscal year 2014-15, which is set to end March 31, according to the latest port data collected by JOC.com. The three terminals at India's busiest...
- CMA CGM to seal order for three 20,600-TEU ships this week
CMA CGM will sign an order for three 20,600-TEU container ships this week, the French carrier's vice chairman said. The vessels will be built by South Korean shipbuilder Hanjin Heavy Industries for delivery in the third quarter of 2017, according to Rodolphe Saade. CMA CGM is the second carrier to break through...
- Made in Mexico
Volkswagen had it all figured out. After scouting locations for a new North American production facility, it settled in 2008 on Chattanooga, Tennessee, and acquired additional land that could be the future site of a plant for its Audi unit. The VW factory opened in 2011, but as the Wall Street...
- Mexico evolves into trade giant, but corruption remains
The "boot" was locked firmly onto the left rear wheel of our van, immobilizing it on a busy street near the historic center of Mexico City. The police had clamped the rectangular device on the van despite the vehicle being parked in a space that was clearly legal and the...
- CMA CGM net profit soars as revenue, traffic hit new highs
CMA CGM's profit soared more than 43 percent in 2014 as the French carrier transported a record number of containers, cuts costs and trimmed its debt. Consolidated net income rose to $584 million from $408 million in 2013, which was bloated by a $200 million gain on the sale of a...
- New Chongqing logistics park leads Goodman's west China portfolio
HONG KONG - The first 1.2 million square feet of Goodman Chongqing Airport Logistics Park has been developed as part of a $400 million investment being rolled out in western China over the next two to three years by the Australia-based property group.Another 860,000 square feet of logistics space will...
- Steady rate slide may end bunker benefits to shippers
HONG KONG - Carriers that have been passing on the benefits of lower fuel costs to shippers may not be so generous as freight rates continue their steady decline, is the view of Drewry in its latest Container Insight Weekly. The London-based analyst said Shanghai-to-Rotterdam rates assessed in the World...
|MARCH 30, 2015|
- Economou buys from DryShips
DryShips has struck deals worth $536m to sell its 10 tankers to George Economou, its chief executive and largest shareholder.
- Fesco sees earnings grow
Fesco Transportation Group delivered a 30% jump in reported earnings during the fourth quarter, helping limit its decline for the full year.
- Euronav shares swapped
Euronav said 45% of eligible shareholders swapped the tanker owner's Brussels-listed shares for stock covered by its recent New York Stock Exchange (NYSE) listing.
- Piraeus profit slips
With chatter about the Greek government's plans to privatise the port of Piraeus intensifying, the management company of the country's biggest hub saw its profit fall for 2014.
- Guoyu series swells
Finland's Containerships has sold a EUR 45m ($48.78m) bond to finance two more LNG-fuelled boxship newbuildings in China.
- Yang Ming back in black
Taiwan's Yang Ming has returned to profit for 2014 as revenue rose and finance costs fell.
- Debt relief for Rand
Rand Logistics has taken an important step in increasing its liquidity as it managed to close a $170m revolving loan facility.
- GasLog plots share sale
New York-listed GasLog is planning a sale of stock to boost its funds for fleet expansion.
- Tankers unimpeded
Crude tankers from Kuwait have reported no problems passing through the Bab-el-Mandeb strait between war-torn Yemen and Djibouti.
- Crew saved after clash
Four fishermen have been rescued off Turkey after a collision with a cargoship sank their boat.
- Heerema orders giant
Heerema Offshore Services has ordered what it claims to be the world's largest crane vessel at Jurong Shipyard.
- For sale or not?
Greece's deputy prime minister has said the sale of Piraeus will be completed within weeks, refuting a recent statement from the shipping minister about halting the privatisation process.
- CMA CGM profit soars
French container line CMA CGM has posted a big rise in 2014 earnings as it closes in on an order for three huge containerships.
- Boa extends deal
Norway's Boa Offshore has added 60 days to a term charter for an offshore support ship.
- Crimean crime?
Ukrainian authorities have arrested a Turkish cargoship after it visited the Russian-annexed territory of Crimea.
- Megaships boost HHLA
Hamburger Hafen und Logistic (HHLA) has ridden an all-time record container throughput to higher earnings for 2014.
- India's Yemen mission
Two ferries are heading from India to bring home Indians stranded in war-torn Yemen.
- Merger lifts CSAV
Compania Sud Americana de Vapores (CSAV) has been boosted by the recent partnership with Germany's Hapag-Lloyd and posted a big profit for 2014.
- Greek ferry refloated
A Greek ferry with 227 passengers and 55 crew aboard has been refloated after getting stuck near the port of Kasos island.
- Soechi Lines adds profit
Indonesian tanker owner Soechi Lines has increased profit in 2014 as revenue rose.
- Viking fixes AHTS
Viking Supply Ships has tied up one of its anchor-handlers on a $100m long-term deal with an oil major.
- Three more for CSDC
China Shipping Development Co (CSDC) has lined up another bulker order in China.
- Hellenic confirms disposal
Hellenic Carriers has confirmed the sale of its oldest bulker in a statement released first thing Monday morning.
- Back by the summer
A Danish ferry damaged while undergoing repairs at Remontowa shipyard in Poland is expected to return to service in the summer.
- Asian lines team up
Singapore's Pacific International Lines (PIL) says it is to launch a new liner service from Asia to the Middle East.
- Monsoon to drydock
Avance Gas is to drydock one of its new VLGCs after the vessel suffered what was described as a "technical irregularity".
|MARCH 30, 2015|
- Glimpses of transportation's future at MIT event
- Trucking industry to feel full force of federal regs by 2017
- Jaxport box business receives February bump
- House introduces sugar reform bill
- DOT to allow Delta's continuation of Seattle-Tokyo flight
- Former CBP, NYPD officers to serve jail time
- U.S. steel imports fall in February
- Redwood expands logistics investment in Japan
- Service Announcements: OOCL, NYK, Cavotec and Braemar SA
- CMA CGM reports higher profits, revenues for 2014
|MARCH 30, 2015|
- MAN Diesel & Turbo tests methane engine concept
'Successful' demonstration of technology was held earlier this month.
- LNG terminal expansion begins in Rotterdam
Expected to become operational by the end of H1 2016.
- Containerships orders gas-fuelled ships
'Huge leap for a family owned company,' says CEO.
- Scrubbers see cruise ship return to US port
'We are thrilled to be returning to Baltimore,' says Carnival president.
- Indian owners under pressure despite bunker falls
Low freight rates make profit making difficult.
- Knock-on effect from Houston channel delays
Bunkering among services affected.
- VPS issues bunker alert
Evidence of 'elevated sediment content.'
- Green group unconvinced by Gibraltar STS gas transfer
Safety an issue, even if conducted offshore.
- Shipowners should be transparent, says UAE bank
'We want to get more information [from shipowners] but, at the same time, we also want their business,' says Fujairah bank spokesman.
- Quadrise losses extend into H2
But company remains confident of bringing alternative bunker fuel product into the market this year.
- Taiwanese boxshipping firm returns to black
Revenues rose 13%.
- BP Shipping: No problems with ECA
Company preparing for transition since June 2014, says its Global Chartering Manager.
- Malaysian bunker supplier to go public
Company planning further expansion with funds raised on the equity market.
- Experts highlight issues with 'hybrid' fuels
Big challenge is availability at worldwide locations.
- Malaysian MGO, services provider in acquisition talks
'We have identified the companies,' says firm's director.
- First LNG STS operation completed in Gibraltar
'I certainly want to see more of this in the future,' says Port Captain.
- Bunker crew offered support after crew member dies
Welfare organisation says it was able to show that 'it shared and understood the seafarers' grief.'
- Turkish cargo ship arrested in Ukraine
For calling at a Russian-controlled Crimean Port.
- African shipbuilder developing hybrid-electric systemIeri 30 marzo 2015, 4.00.00
- Company anticipating an increase in demand for the propulsion type.
- Bulker held in SingaporeIeri 30 marzo 2015, 4.00.00
- Vessel controlled by South Korean interests.