Matson seeks to win over new investors Exclusive: Newly listed US Jones Act line plans to build on current business model
Matson eyes Alaska trades, but is wary of dangers Oakland line would be potential buyer if an existing business is put up for sale
US line starts to plan for fleet upgrade Jones Act carrier Matson will order from US yards
Hutchison terminal hits back Tanzania International Container Terminal Services, for which HPH holds the concession, has been criticised over container dwell times
APMT sets sights on Dar es Salaam Netherlands-based terminals division is first to declare its hand publicly for tender
DP World plans to build on African port concessions Global port group has continent-wide plans to build on its current three port concessions and a stevedoring business
Plastic is not fantastic for UK shipping Recession highlights dire consequences of flags of convenience for jobs at sea
Rotterdam terminal shut-down will see Odfjell losses mount Whistleblower slams safety and maintenance at Botlek storage site
Comment: Behind the scenes in shipping's top job Yang will lead a cast of strong characters who will shape the global maritime industry
Introducing the new most powerful man in world shipping Yang replaces Li as party boss in China's Ministry of Transport
Slack enforcement of safety at Odfjell Terminal Rotterdam has knock-on effect Dutch Safety Board launches independent inquiry which has wider implications
Macquarie and TTMI developments boost B+H Ocean Carriers' Chapter 11 aspirations Convenience of dealing with fewer bankers described as a key benefit in today's climate
Europe sees container imports plummet Continent's economic woes wreak havoc on inbound volumes
Norway's LNG export plant comes back on line Boost to vessels serving the plant and to winter freight rates for owners
TEN eyes return to profit after slashing losses Owner hopes for storage deals for VLCC pair which have hobbled results
Diana fixes two panamaxes at $9,250 a day for two years Three-year panamax charter contracts hit lowest levels in a decade
Capesizes back to square one Rates fall on the West Australia to China route as steelmaking demand falters
Petrobras books VLCC Amantea for two years Time charter fixtures continues to rise in face of dire spot market
Israeli group accuses Inmarsat of breaking US sanctions against Iran Ultimatum to UK firm to cut communications for Iranian tankers
Strike in Colombia threatens coal exports Miners have declared force majeure, brokers report
Good news for product tankers as Algeria boosts fuel imports Mediterranean's small tankers will benefit
Romney's house of fun Welcome to the presidential hopeful's hall of smoke and mirrors
Indian owners loath to lift Iranian crude SCI and Great Eastern say government-backed P&I replacement lacks clarity
Box Ships prefers short periods for unfixed duo Owner close to fixing first ship for less than six months but notes charterers can be reluctant to keep it so short
Concerns as suezmax fleet grows 5% in first half of year Slippage levels lowest of all tanker segments
Omega Chapter 11 drama might not be over, say experts Junior lenders and unsecured creditors weigh up "significant options"
Omega Navigation Enterprises files Chapter 11 reorganisation plan George Kassiotis proposes to pump in $2.6m, but junior lenders and former shareholders face wipeout
Inmarsat boosted as shipping signs up to broadband Company's fifth-generation satellites to go head to head with K-brand providers
Titan Petrochemicals says bondholders against liquidation Troubled Hong Kong-listed logistics firm has $166m in outstanding bonds
APM to invest $12.2Bn THE FOUR strategic core businesses of AP Møller-Maersk will get $12.2Bn in investments over the next few years, according to CEO Nils Smedegaard Andersen
OSG seen nearing asset sale MOODY'S has dropped Morten Arntzen-led OSG deeper into 'junk' territory - and predicted that a sale of non-core assets could be pending
TEN narrows losses NYSE-listed Tsakos Energy Navigation today reported a sharp drop in losses, as results were buoyed by the higher charter rate for its LNG carrier
Trans-Pacific box rates pushing up BOX RATES on eastbound trans-Pacific routes have trended up since increases sought by several container lines took effect on 1 August
Golar LNG could add six to newbuilding orderbook GOLAR LNG could add up to six newbuildings to its orderbook, which already lists a dozen ships to be built, without raising more equity, a shipping analyst said today
Horizon's losses deepen BONDHOLDER-owned Horizon Lines has reported wider losses but maintained that its liquidity remains "adequate"
Beware box 'rates leak' A BOX sector "rates leak" is straining the bargaining position of container shipping lines, a senior shipping analyst warned today
Capesize owners fear negative rates CAPESIZE bulker owners are trying to avoid subsidising voyages amid rising bunker prices, brokers told Fairplay today
SMM half-year profits drop 15% SEMBCORP Marine said today lower margins from new projects caused a 15% drop in its 1H net profits
MMHE's profits fall 30% MALAYSIA Marine & Heavy Engineering said today net profits dropped 30% in the second quarter that ended 30 June
Product tanker tonnage list tightens PRODUCT tanker rates are remaining firm this week, thanks to tight vessel availability and firm naphtha demand
September to add VLCC misery BROKERS expect VLCC earnings to remain stuck in negative territory for September laycans, as chartering for August nears completion
Owners shun PCG deals CHEMICAL tanker owners show little interest in bidding for CoAs with Malaysia's PETRONAS Chemicals, brokers told Fairplay today
Managers buying HSBC Shipping Services HSBC BANK said it has agreed to sell HSBC Shipping Services, which offers shipbroking and consultancy services, to its senior managers
STX to import US maize SOUTH Korea's STX Corp has signed a memorandum of understanding with compatriot National Agricultural Cooperative Federation to import US maize
CP's Harrison Wants to Speed Up Trains, Improve Terminals Canadian Pacific Railway shippers worried that E. Hunter Harrison would immediately push for tighter scheduling can take solace in recent...
JOC Trucking Employment Index Rises in July The Journal of Commerce Trucking Employment Index rose 0.3 percentage points in July as for-hire motor carriers and other U.S....
Transport Employment Rises 1.9 Percent Transportation and warehousing employment increased 1.9 percent year-over-year in July, according to preliminary data from the U.S. Bureau of Labor...
Short Line Rail Intermodal Volume Up 19 Percent This Year North American intermodal growth isn't just driving volume on the major railroads, with the expanding transport mode boosting traffic 19...
YRC Worldwide's Welch: 'We're Still Not Satisfied' It's been a long time since "YRC Worldwide" and "profit" could be mentioned in the same breath. Although the troubled...
Ryder Europe Completes Aquisition of UK's Euroway Ryder Europe said it has completed the acquisition of Euroway, a U.K.-based truck rental and fleet management company. The...
Baltimore Builds Growth in Container Cargo The volume of containers handled by the Port of Baltimore declined 2.8 percent in June from the same month...
Shipping Rate, Surcharge Update for Week of July 30 - Aug. 3 Singapore-based container carrier APL plans to impose "operational cost recovery surcharges" on all shipments moving through ports in Saudi Arabia. The carrier will...
A.P. Moller-Maersk Strategy Paying Off, CEO Says A.P. Moller-Maersk's five-year plan of focusing on four core strategic businesses is already paying off, according to Group CEO Nils...
YRC Worldwide Earns Operating Profit Trucking giant YRC Worldwide reported an operating profit of $15.5 million in the second quarter while cutting its net loss...
IAG Cargo Revenue Slips 0.3 Percent Cargo revenue at International Airlines Group, the merged British Airways-Iberia carrier, stalled in the second quarter as strong growth at...
All Nippon Airways Back in the Black All Nippon Airways Co. posted a group net profit of $7.59 million in the first quarter of fiscal 2012, which...
APL Ends Chassis Service in Denver, Salt Lake City APL said Friday it is no longer providing chassis as part of its container transport services in Denver and Salt...
IJS Global Opens DC for Novartis IJS Global opened a dedicated warehouse in the Philippines to handle the logistics needs of Novartis Animal Healthcare. ...
Typhoon Shuts Taiwanese Ports, Airports Transportation infrastructure ground to a halt and at least one person was killed as Typhoon Saola made landfall in eastern...
Hanjin Reverses First Quarter Loss Hanjin Shipping, riding strong gains in container volume and revenue, climbed back into the black in the second quarter. ...
Commentary: A National Port Vision? Really? I actually laughed after reading that Sen. Lindsay Graham, R-S.C., viewed the recent release of an Army Corps of Engineers...
Commentary: Carrier Changes Shaking Up Parcel Markets When UPS last spring agreed to acquire TNT Express for $6.6 billion, the deal reverberated throughout global express and parcel...
Commentary: US-Canada Border War, Eh? My Canadian friend on the phone sounded mystified. He'd read the Federal Maritime Commission's report on cross-border container shipments, and...
Freightliner diverts to avoid Olympics grand show At the halfway stage of the 2012 London Olympics, today is expected to be the busiest day so far as the track and field athletes join the stage of the 'biggest ...
Horizon's H1 loss widens Charlotte [NC]-headquartered Horizon Lines has seen its net loss widen and operating profit EBITDA fall for H1 2012; nevertheless drilling down in to the Q2 results, ...
APL rolls out third-party US chassis model APL launched its third party provider chassis model in two different regions in the US this week - and after trials in these areas it is planning to launch the ...
Tropical's profits down in Q2 12 Riviera Beach (FL)-based Tropical Shipping has seen operating losses widen in Q2 12 compared with the corresponding period of 2011, with the USD4 million deficit ...
US - Mexico the highlight as NAFTA trade up 8.3% Trade using surface transport between the countries of the trilateral trade bloc [NAFTA] - Canada, Mexico and the US - rose year-on-year by 8.3% in May to total ...
Santos sees its box count rise in H1 12 Santos, which is Brazil's largest box port, handled 8% more containers in H1 12 than it did in the corresponding period of 2011 with just under 1.5 million TEU ...
MSC Flaminia: salvors unable to board
Dar es Salaam starts its 'one-stop-centre' In a determined bid to improve cargo transfers through the port, Tanzania's largest port, Dar es Salaam has taken action to consolidate 11 different government ...
Royal Navy 'protect' Hapag boxship A Hapag-Lloyd containership operating on the German liner's Indamex [USEC - Indian sub-continent] service appreciated the protecting arm of two Royal Navy minehunters ...
HOS sell-off overblown Credit Suisse has cooled fears about a post-results crash in the share price of Hornbeck.
Rena win for Resolve American salvor Resolve Marine has won the hotly contested contract to remove the wreck of the Costamare containership Rena.
Titans team up Tufton Oceanic has emerged as a partner for Blackstone Group in its swoop for a fleet of tankers from Hartmann Group.
Jasa reels in Exxon Malaysia's Jasa Merin has won more charter work from ExxonMobil for its offshore vessels.
Platou cuts Capital RS Platou Markets has cut its rating on Capital Product Partners despite its impressive second quarter showing and balance sheet workout.
Horizon extends red run Horizon Lines posted improved second quarter sales thanks to higher volumes but expenses dragged the company well into the red.
Kyoei confident after Q1 Japanese owner banking on a return to profit this year after stronger start this time around.
Stressed not distressed We take a look at what was said in the market over the last week.
Big John buying again
SBM inks $1bn loan SBM Offshore has secured a mammoth bank loan to finance an FPSO conversion backed by a charter with Brazilian giant Petrobras.
Matson in stronger quarter Matson Navigation, the US liner company, has seen a healthy increase in both revenues and operating profits.
Miclyn seals Aussie deal Miclyn Express Offshore has won work to support construction activities on Australia's expanding LNG sector.
Wanted: white knight Wall Street is starting to doubt Knight Capital Group's ability to recover from the $440m hit linked to a computer glitch that impacted dozens of stocks listed on the New York Stock Exchange Wednesday morning.
Genco jumps on waivers Investors have given a big thumbs up to the debt restructuring agreed between Genco Shipping & Trading and its lenders.
APL ends chassis provisioning in Denver, Salt Lake City This is the first phase of the Singapore-based container carrier's plan to withdraw from chassis provisioning throughout the United States. In the future, it said motor carriers will provide chassis as part of their drayage services.
FEC hauls fill for S. Florida runway expansion FEC is operating a single train to deliver aggregate from a quarry near Miami every morning on a dedicated rail spur specially built for the project and is expected to add a second train every evening by Aug. 13 or sooner.
ABF lawsuit against YRC, Teamsters dismissed The lawsuit, in which ABF claimed subsidiaries of YRC Worldwide and the Teamsters violated the National Master Freight Agreement, was dismissed by Judge Susan Webber Wright of the U.S. District Court for the Western District of Arkansas.
Horizon reports $46 million loss, but revenue rises
UPS slips on new sorting scanner The express carrier hopes the wearable devices will speed up the time to load packages into vehicles. The technology is also aimed at getting package updates into the system faster.
CEVA says results reflect 'difficult quarter'
Xata Turnpike integrates with TMWSuite
Guam/China business helps Matson offset weak Hawaii market
Old Dominion drives record first half
Crowley fined $17 million for Puerto Rico price-fixing
Global bunker fuel prices maintains stable trend Global bunker prices remained relatively stable throughout the week, according to Bunkerworld data.
Bunker prices end week mostly firm Trading was heavy on the US Gulf, says local trader.
Salvage work to begin on Rena's bow Details of how the salvage will proceed have not been released yet due to a confidentiality agreement with the ship's owners.
Tsakos Energy posts improved Q2 results According to the company there was considerable relief in the form of reduced bunker costs for spot vessels and reduced consumption.
Canadian government sets deadline for Northern Gateway project report Deadline for environmental assessment and report on the Enbridge Northern Gateway pipeline project set.
Horizon Lines reports Q2 financials Company highlights fuel surcharges as part of reasoning for revenue improvement.
Inspectors to visit closed Rotterdam terminal Safety concerns aired on Dutch TV are said to have prompted the shutdown.
Fuel oil prices continue upward trend in Fujairah Upward trend in region with 380 cSt material in Suez up by double digits.
Week closes with firm market in Rotterdam Prices in the main European bunker port stuck to their upward trend.
Maersk boss sees green shoots of recovery Andersen says container arm will be in 'much stronger position' in a year's time.
Demand for OPEC oil to stay steady Spare capacity sufficient for small disruptions in supply over the next five years.
Mobil expands New Zealand storage Growing demand for bunker fuel behind the move.
Singapore supply to stay tight, say traders Firm timespreads indicate supply crunch more likely.
Higher fuel surcharges prop up Matson's revenues Posts higher revenues but profit fall due to higher taxes and losses from discontinued operations.
Week ends with bunker prices at Asian ports largely up Supplies of bunkers were fine at major Asian ports on Friday.
Bank upgrades NOL rating on lower bunker prices DBS Vickers expects NOL's results to improve in the second quarter.
Pacific Basin plunges into the red Losses blamed on vessel impairments and bunker derivative expenses.
Chemoil buys into lube trading firms Pays a total of $16.4 million for stakes in two firms.
US economy has little to fear from IMO GHG policy The policy will cause 'limited additional expenditures' for shipping industry, says study.
Bondholders don't favour Titan wind-up move Poll shows an 'overwhelming proportion' of noteholders do not support the petition.
Chimbusco branch supplies largest stem Transaction marks 'a new chapter for mutual comprehensive cooperation' with Maersk, it says.
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