US issues oil response rules OIL SPILL response plans for vessels other than tankers must include plans for a worst-case discharge scenario, the US Coast Guard announced today
EU clusters press for maritime survey THE European Network of Maritime Clusters (ENMC) has reiterated a call to the European Commission to carry out a survey to determine "the real weight of the European maritime sector"
CMES placed 8+4 bulker orders SHANGHAI-listed CMES announced today new orders for eight ultramaxes with options for another four at compatriot Chinese yards
Panama Canal sanctions North Korea NORTH KOREA will be fined up to $1M by the Panama Canal Authority for failing to accurately disclose the cargo onboard a ship the agency detained in July, Fairplay has confirmed
ECSA and ETF call for Gulf of Guinea piracy strategy EUROPEAN Union shipowners and seafarers' bodies have called for a comprehensive European Union strategy to curb what they say is the growing threat of piracy in the Gulf of Guinea
EU port plan under attack EUROPEAN Commission proposals to improve the functioning of EU ports have run into fresh fire from port users and port authorities alike
Hamburg Süd offers no comment on VLCS rumours GERMAN container line Hamburg Süd is rumoured to have ordered three 10,500 TEU vessels at Korean shipbuilder Daewoo. A company representative told Fairplay today that the carrier would offer "no comment" on the rumours
Ezion eyes acquisition of engineering firm SINGAPORE's Ezion Holdings said today it has proposed for the acquisition of around 45% share capital of compatriot engineering services provider Ocean Sky International
Rumoured APM sale to prompt VLCC interest IF THE rumoured sale of its 19 strong VLCC fleet by A.P. Moller-Maersk (APM) group to General Maritime goes ahead, analysts think investors will be attracted to the big tanker sector
Maersk Line trimming capacity despite Triple-Es MAERSK Line is taking steps to control capacity despite taking delivery of five 18,000teu Triple-E ships
LPG prices drop on weak demand SAUDI Aramco has dropped LPG contract prices for October, after increments from July-September
Japan's Iranian crude imports rise in August JAPAN imported more than twice the amount of Iranian crude in August compared to the same month last year
DB Schenker Opens Logistics Center in Japan DB Schenker has opened a logistics center in Baraki, Japan, about 25 kilometers (approximately 15.5 miles) away from central Tokyo. The Baraki Logistics Center, which is the largest facility DB Schenker has opened in Japan to date, has a total area of 33,000 square meters (about 355,209 square feet), with a...
BRICS Still the Markets for Growth SINGAPORE - Emerging nations still offer the most opportunity for businesses and logistics service providers, even if growth rates have slowed, industry leaders told delegates at a major logistics conference held in Singapore last week. According to the IMF, emerging markets accounted for less than a third of world GDP in 1990,...
Del Monte Extends Contract With Port of Hueneme Fresh Del Monte Produce has renewed its 1995 contract with the Port of Hueneme for a third time, agreeing to partner with the California port for another five years. Del Monte, a fresh fruit and vegetables producer and distributor, and the port have been in partnership for 34 years, since 1979. "A...
US Truck, Rail Trade With Mexico Jumped in July U.S. cross-border traffic with Mexico via truck and rail jumped 8.1 percent in July 2013, according to data from the U.S. Bureau of Transportation Statistics. Both imports and exports via these modes of surface transportation were up year-over-year for the first time since April. The value of U.S. exports by truck...
Canadian National to Begin Service on Kelowna Pacific Railway's Lines Canadian National train in British Columbia.Canadian National aims to start freight service on about 75 percent of the rail network operated by the bankrupt short line Kelowna Pacific Railway in southern British Columbia. KPR, which leased its network from CN in 1999, entered receivership on July 5, 2013, and halted operations....
GPA's Container Cargo Rose 3.8 Percent in August The Georgia Ports Authority moved 280,873 20-foot-equivalent units in August, up 3.8 percent year-over-year. The GPA handled 156,979 containers for the month, 30,331 of which were moved by intermodal rail. Rail moves in August were up 3 percent compared with the same month last year, when the GPA moved 29,455 intermodal...
Cargo Volumes Up Sharply at ANA, JAL Japan's All Nippon Airways Co. (ANA) said that its international cargo volume rose for the sixth straight month in August on a year-on-year basis, jumping 9.5 percent to 47,598 tons. ANA's domestic cargo volume grew for three months in a row in August on a year-on-year basis, increasing 2.4 percent to...
Construction Begins on Kansas City Area Logistics Park Pictured above are: Eric Wade, city manager of Lenexa; Blake Schreck, president of economic development of Lenexa; Alan Johnson of Alan Johnson Design; Mike Boehm, mayor of Lenexa; Kenneth G. Block, managing principal of BRES; Lou Serrone, senior vice president of brokerage at BRES; Don Crabtree, president of Merit; Brad...
Report: International Merchandise Trade Flat in August Container Throughput Index from 2007 to 2013. Full-size image International merchandise trade continued to be relatively stable in August, deteriorating "slightly" from a reading of 116.1 in July to 116.0 after seasonal adjustment, according to the monthly Container Throughput Index by Rheinisch-Westfälisches Institut für Wirtschaftsforschung and the Institute of Shipping Economics and...
UTi Worldwide Enhances Warehousing Services in Chicago Area UTi's multi-client contract logistics warehouse in the Chicago area.UTi Worldwide has begun offering expanded warehousing capabilities for companies requiring warehousing and distribution without the need for a dedicated facility. "Our Chicago area facility offers clients the benefits of a fully functional facility at a fraction of the cost of a dedicated...
3PL OIA Global Acquires U.S. Worldwide Logistics Third-party logistics provider OIA Global has acquired U.S. Worldwide Logistics, a Kentucky-based provider of domestic and international freight forwarding and of warehousing and distribution services. Financial terms of the transaction were not disclosed. "This acquisition is an important step in our overall growth strategy and confirms our commitment to continue building...
EU, Indonesia Sign Agreement to Fight Illegal Logging The European Union and Indonesia today signed a voluntary partnership agreement on forest law enforcement, governance and trade in timber products to the EU to fight illegal logging. The VPA is part of the EU's action plan to combat illegal logging. The action plan provides a number of measures to exclude...
Atlas Air, Astral Aviation to Launch Europe-Africa Service A Boeing 747-400 Freighter in final assembly.Atlas Air has entered into a contract with Astral Aviation to provide a Boeing 747-400 Freighter service between Europe and Africa. The contract is for one aircraft under an aircraft, crew, maintenance and insurance agreement, with the cargo service expected to begin in the "next...
Drewry: Uncertainty Around P3 Network to Prompt More Canceled Sailings An increase in sailing cancellations is on the horizon, as the P3 Network alliance has yet to indicate its intentions in detail and competitors will want to avoid capacity reduction measures in the interim, according to the latest Container Insight analysis by Drewry Maritime Research. Ocean carriers' sailing cancellations over the...
EU Trade Agreement With Costa Rica, El Salvador to Take Effect Oct. 1 Trade barriers between the European Union, Costa Rica and El Salvador will be removed on Oct. 1, when the trade pillar of the EU-Central America Association Agreement enters into application for these countries. The association agreement between the EU and Central America, including Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and...
Conakry Terminal in Guinea Continues Expansion A ship being unloaded at the container terminal at Conakry in Guinea.The second phase of a €100 million (about US$135.3 million) modernization program at Conakry Terminal in Guinea is still on schedule, and when completed, will allow the container terminal to accommodate large cargo ships and expand docking capacity. Conakry Terminal...
What a Partial US Government Shutdown Means for Shippers WASHINGTON - Shippers shouldn't expect any delays in the clearance of cargo at ports of entry, nor will highway, road and bridge construction cease, if the federal government partially shuts down because of a fight over President Obama's health care law. But the potential shutdown, which would be the first in...
Re-Shoring Reassurance f I see another article about near-shoring, which I expect will happen within the next few days, I may get sick. This is one of the most sensationalized stories of recent years and yet I've always been troubled by it, sensing the headline is bigger than the story. I get more...
Shapiro Receives Women's Business Enterprise Recertification Baltimore, MD (PRWEB) September 30, 2013 Shapiro, a leader in Customs brokerage and cargo management founded in 1915, has been approved for recertification as a Women's Business Enterprise (WBE) through the Women's Business Enterprise National Council (WBENC). WBENC is the nation's largest third party certifier of businesses owned and operated by women in the United States. WBENC...
'Golden Week' underway Freight rates tied to bulkers trading in the spot market started to slide Monday and many believe the sector will continue to lose momentum in the days to come due to the Golden Week holiday in China.
Avondale strikes union deal US shipbuilding syndicate Huntington Ingalls Industries has cleared another hurdle in the race to cash in on rising demand for domestic products tankers but the future of the shipyard driving the initiative remains unclear.
Bank down on FTZ A free-trade zone in Shanghai unveiled amid much fan-fare this weekend offers little for shipping, Jefferies says.
USC shifts yards Russia's United Shipholding Corporation (USC) is to move two St Petersburg shipyards over the next 10 years.
Cape for Diana? Korean owner JK Maritime has sold a brand new capesize bulker at a price which reflects increased interest in the sector.
CMES scraps suezmax China Merchants Energy Shipping (CMES) is taking a big hit on the sale of a suezmax for scrap.
Otto pens charter double Otto Marine has entered bareboat charter contracts with a related company for a pair of work maintenance vessels.
Capesize prices lagging Prices placed on capesize bulkers are understating their value in the present market, Global Hunter Securities says.
Philippines tax boost The Philippines has exempted shipowners from a range of taxes in a bid to boost the domestic industry.
New man buys stock New Clarksons director Peter Backhouse has wasted no time in investing in the company having laid down almost $130,000 of his own cash.
Cosco Sing chairman quits Cosco Corp (Singapore) has appointed a new chairman after Ma Zehua resigned.
Turnaround too slow for duo A return to profitability in the third quarter will not come fast enough to pull Taiwan's two largest container lines out of the red this year, Drewry Maritime Equity Research says.
Two hurt in blast Two seafarers on a Japanese general cargoship have been injured in an explosion off India.
A boost for Pac Basin Fearnley Securities has upgraded shares in rapidly expanding bulker owner Pacific Basin Shipping.
Paragon banking $32m Greek bulker owner Paragon Shipping has raised more cash than originally indicated in its latest stock offering.
Yujin back in black Singapore-based tanker owner Yujin International returned to profit in the first six months of the year after hiving off more than half its owned fleet.
Build your own Triple E Lego enters newbuilding arena with $150 version of giant Maersk containership.
Stena Line slashing costs Sweden's Stena Line is eyeing SEK 1bn ($155.76m) of cost cuts to return to profit.
OSX cans bankruptcy talk Eike Batista's OSX has moved to fend off speculation that the company is on the verge of being wound up.
Tanker orders spike A rise of more than 40% in oil tanker newbuilding activity has taken 2013 orders in the sector past the total for the whole of 2012, figures from Clarksons show.
ISC nets new loans International Shipholding Corp has secured a near $100m loan package to refinance existing debt.
Jia Hui crewman held A Chinese watch officer has been arrested in Japan following a collision that sank another cargoship, killing five crew and leaving another man missing.
Formosa tanker aground Three attempts to refloat a grounded Formosa tanker have failed off the Bahamas.
Hellenic ready to rise Hellenic Carriers has reported a modest improvement in its financial results at the halfway stage of the financial year.
Boxship crew fined The crew of a Simatech boxship involved in a fatal collision with a fishing boat off Vietnam have been ordered to pay compensation.
Mosvold and Otto settle Mosvold Supply Group and Otto Marine have agreed to settle their differences over a disastrous anchor handler newbuilding deal.
Nam Cheong sells quartet Nam Cheong has won a deal worth $120m for the sale of four PSVs to an unnamed Latin America-based company.
SITC adds four more SITC has returned to Taiwanese shipbuilder CSBC to exercise options for four 1,800-teu containerships.
Robbery turns violent Piracy in the Indonesian archipelago has seen a dramatic escalation in the use of violence against ship's crews in the past few days.
Allcargo, Ecu Line parent, buys Econocaribe The Indian firm said Econocaribe is the third largest non-vessel-operating common carrier in the United States. Based in Miami, Econocaribe has nine U.S. offices and 22 receiving terminals throughout North America.
DOT lays out government shutdown impact The U.S. Transportation Department said nearly 18,500 of the government's 55,500 transportation employees would be affected if congressional leaders can't reach an agreement to fund the government past midnight Monday.
EU official pushes to keep trade partnership on track
Drewry sees mixed profit fortunes for Taiwanese lines "Intra-Asia specialist Wan Hai has seen steady returns and resilient growth whereas long-haul players Evergreen Marine and Yang Ming Marine continue to suffer losses mirroring the wider industry downtrend," the London-based firm said.
Knight focuses on shareholder support for acquisition
U.S. steel imports up 13.8% in August
American Airlines plans for 1,500 new pilots The new pilots will replace retiring employees, help reduce the impact of projected pilot-rest requirements by the Federal Aviation Administration that will be implemented next year, and man American's expanded fleet.
Prices soften in Fujairah Good avails in South African ports.
Prices firming in Mediterranean markets Congestion in Rotterdam.
Scrubber manufacturer wins accolade Company rewarded with prize for work on abatement technology.
Leading shipyards to share 'fuel-efficiency know-how' 'The trend of the world's shipbuilding industry has shifted from quantitative to qualitative,' says leading South Korean player.
Refining industry wants 'timely' fuel availability review Study 'a few years ahead of 2020' would have clearer view of refining, scrubber and LNG developments.
Hambantota mulls expansion project More vessels could bunker at the Sri Lankan port in 2015.
Global 0.5% sulphur limit means change on 'unprecedented scale' Will lead to 'a significant increase' in CO2 output from refining, industry body tells IMO.
Spain should take Gibraltar to court over bunkering Case should focus on environmental issues and not issues of sovereignty, says lawyer.
Fuel-saving competition announces winner Danish ferry company scheme encourages crew to come up with fuel-saving initiatives.
Developer of alternative bunker fuel sees share price surge Quadrise knows 'no specific reason' for 60% climb.
IFO prices show little movement in Asian ports Supplies of bunker fuels were fine at major Asian ports on Monday.
Singapore bunker tanker owner returns to profit Yujin International sold three bunker tankers for a total of $4.09 million during first half of 2013.
0.05% sulphur MGO limit at Hong Kong 'doable' But vessels could be faced with lubricity issues, warns Viswalab expert.
Chinese fuel oil imports to fall in September Region estimated to import between 350,000 to 400,000 mt of product.
Fuel efficient vessels 'beneficial', even on market upturn Shipping firms need to take a more 'holistic approach', says Cargill Ocean Transport spokesman.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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