UPDATE: MSC adds $1.9bn from ports sale to cash reserve Future investments will be considered on their profitability and strategic interests, says vice-president Diego Aponte
Industry must take a stake in the future of regulation Improving the quality of regulations requires more engagement and co-operation from all stakeholders
Sincere Navigation and Shih Wei post lower 2012 profits Weak spot rates hit Taiwan-based dry bulk operators
A business that is built on people Recruiting and retaining talented crew is a necessity, not a luxury
Suezmax resale highlights falling asset values Tanker sales sparse due to easter break
Green means go Why it is time to let the US export LNG
Wan Hai profits rise tenfold Taiwan carrier looks to longhaul services, expecting intra-Asia margins to remain thin
Doubts raised over anti-piracy codes of conduct Nation states' armed forces are not obliged to abide by new code
Cyprus crisis carries threat of 'deeply worrying' fall-out, warns Hajioannou EXCLUSIVE: Safe Bulkers chief executive fears for future of European Union
Owners and charterers must work together to cut VLCC costs McQuilling calculates most efficient route options
Logistics business adds to Agility revenues Middle East group to realise unit's full potential over next three to five years
HPH Trust asks contractors to raise dockers' wages from July Port manager takes more conciliatory tone as Hong Kong strike continues
Maersk Line simplifies its surcharges Shippers slam too-complex industry price structures
Transpacific rates rise ahead of general increase Trend points to early success for TSA carriers
IACS invites comment on harmonised common structural rules New rule to be adopted by year-end
Cagliari targets North Africa box traffic Sardinia port positions itself as east-west and north-south hub
China's scramble for Africa Beyond the headlines, the continent is a tricky proposition that needs deep-seated change
New tools help repairyards handle growing retrofit demand Software developed to improve planning for processes, material supply and staffing levels
European marine tech projects put their heads together Green researchers join forces to develop commercially viable solutions
Step up to the mark HPH cannot shirk its responsibility as a primary actor in Hong Kong dock strike
Fingers crossed on German valuations GERMAN shipowners still hope for a breakthrough over an alternative ship valuation scheme that would save financiers from drastic asset write-downs
NAT prices upsized follow-on NYSE-listed Nordic American Tankers today priced a follow-on offering at a significant discount to generate proceeds for fleet expansion
US targets discharges BALLAST water and 26 other vessel discharges will be more tightly regulated by the US beginning this year
Floating reactor opposed A SCHEME to build Russia's first floating nuclear reactor has picked up opposition from Kamchatka's governor and the country's defence minister
Evergreen turns to profits TAIWAN'S box liner Evergreen Marine said it managed profits of NT$40
PB lent $85.2M for 4 ships HONG KONG-listed Pacific Basin said today it has secured $85.2M in lending to pay for four newbuilding bulkers at Japanese yards
Greeks hold 107 in migrant smuggling cases GREEK authorities are today holding 107 people in connection with migrant smuggling attempts during the past week
Asia/Europe box rise erodes further CARRIERS have lost more than half of the rate increases they managed in mid-March for Asia/North Europe container shipments
Rem acquiring PSV NORWAY'S Rem Offshore said it is buying a VS 485 type platform supply vessel being built at Kleven Verft, the privately owned Norwegian shipbuilder
COSI narrows losses HONG KONG-listed China Ocean Shipbuilding Industry's losses narrowed 37% year on year to HK$344M ($44.31M) in 2012
HIT wins injunction in HK labour strife HONG KONG International Terminals, a unit of Hutchison Port Holdings Trust, has won a court order barring unauthorised demonstrators from entering or occupying its four box terminals at Kwai Tsing
Cordero replaces Lidinsky RICHARD Lidinsky has resigned as boss at the Federal Maritime Commission, the US regulatory agency announced
Workers sought in deadly port collapse SEARCHERS are today still looking for three missing workers and iron ore cargoes have been halted in the fatal collapse of a bank at a Brazilian river port
Oz union: body count backs dock code AUSTRALIANS are much more likely to be killed on the docks of Oz than while serving in Afghanistan, the Maritime Union of Australia said today
Japan vehicle cargoes again drop JAPAN'S vehicle exports have dropped for the seventh consecutive month in February as domestic production continues to give way to outsourcing to Thailand and stagnant growth in the EU hurts demand
Indian Subcontinent-Far East Exports Extend Decline Containerized exports from the Indian subcontinent and the Middle East to Far East Asia Full-size image Containerized exports from the Indian subcontinent and the Middle East to Far East Asia continued to fall steeply in January, dropping almost 25 percent from the same month a year ago, according to data from Container...
West-East Intermodal Rates Off More Than $40 in Three Weeks U.S. west-east intermodal rates fell another $20 during the week of April 1, according to data on all-inclusive 53-foot door-to-door spot pricing quoted by railroads and provided by the 3PL IDS. Rates in this lane have been steadily dropping in the past three weeks, down $41 or 1.7 percent. The...
Evergreen Scores High With Asian Shippers in Overall Performance JERSEY CITY, N.J. - Global carrier Evergreen Line, the fourth largest containership operator in the world, topped overall performance and consultation on schedule change in a recent survey released by Containerisation International magazine. The survey of Asia-based shipper respondents noted that customer service and reasonable rates are two of the most...
IdleAir Expands Dedicated Terminal Solutions KNOXVILLE, Tenn - IdleAir, the leading truck stop electrification (TSE) service provider, is expanding dedicated terminal solutions for fleet customers. The newest IdleAir dedicated facility is now under construction at a customer terminal in Mesquite, TX. Building on the success of dedicated IdleAir facilities at customer terminals, IdleAir is expanding its...
A Driving Force: XRS Announces Integration With Bolt Dispatch Software MINNEAPOLIS - XRS Corporation, (formerly Xata Corporation; NASDAQ: XRSC), the leader in mobile fleet optimization software, today announced Xata Turnpike is now fully integrated with BOLT fleet management and trucking dispatch systems. Integration with the company's new mobile fleet management platform - XRS - is forthcoming. The integration will help drive...
Dayton Freight Receives Awards From Lowe's, Moen and NASSTRAC DAYTON, Ohio - Dayton Freight has received the 2012 Platinum Award from Lowe's. The highest award given to Core Carriers, this honor acknowledges the achievement of rigorous on-time, exception free goals as established by Lowe's. In addition, Dayton Freight received Moen's "Carrier of the Year" Award and was recognized as a...
Saddle Creek Named Service Provider of the Year for Sam's Club LAKELAND, Fla. - Club, the leading membership warehouse club, recently recognized Saddle Creek Logistics Services as its 2012 Service Provider of the Year, a newly established award. In presenting the award, Sam's Club recognized Saddle Creek's outstanding performance for a number of key metrics, including: Saddle Creek had two facilities rated...
Etihad Cargo Certifies Swissport as Cargo-Handling Partner Etihad Cargo has certified Swissport International as its first preferred ground-handling partner. The two-year certification with Swissport is focused initially on six Etihad Cargo stations: Athens, Greece; Geneva; Larnaca, Cyprus; Nairobi, Kenya; Seoul, South Korea; and Toronto. Etihad Cargo, the cargo division of the United Arab Emirates-based Etihad Airways, plans to expand...
Oakland Provides Update on Port Commission Policy Changes Port of Oakland staff has provided a progress update on revisions to policy pertaining to members of the Oakland Board of Port Commissioners, including corrective steps to promote accountability. Port staff committed to this work in December 2012, after an audit revealed lax oversight of business expenditures by port leadership. Since...
Georgia's Legislature Approves Extra Funds for Savannah Harbor Deepening Georgia's state legislature has approved funding an additional $50 million for the Savannah Harbor Expansion Project. The extra funding was originally proposed by Gov. Nathan Deal in his budget request for fiscal year 2014 and now awaits his signature. Along with previous funding, Georgia has allocated $231.1 million toward the state's portion...
Mexico to Launch Initiative to Fight Highway Crime Mexico's Comisión Nacional de Seguridad has plans to launch a new initiative to decrease crime on Mexico's highways, including cargo crimes. The Cuadrantes Carreteros (Highway Quadrants) plan will divide the country into five regions and within those regions create 136 total quadrants. Each quadrant will be staffed with federal police to...
Why CSX Is Staking Its Intermodal Push on Ohio Hub CSX Transportation's $175 million intermodal terminal in Northwest Ohio is key to the railroad's effort to spur shippers to shift truckloads to the tracks. Mark Szakonyi, associate editor at The Journal of Commerce, visits the North Baltimore facility to learn how the hub fits into the CSX network....
Evergreen, United Africa Feeder Line Plan Joint Service Evergreen Line is joining forces with United Africa Feeder Line to launch the new ISC-Mauritius-Mozambique-Africa Service in late April. The biweekly IMMA Service will link the Indian subcontinent, Indian Ocean islands and Mozambique. It will employ three 2,500 20-foot-equivalent unit vessels. Evergreen will provide two of the ships, and UAFL will...
South Carolina Agencies Extend Air Quality Partnership The South Carolina Ports Authority and the South Carolina Department of Health and Environmental Control have extended their air quality partnership through 2018. The memorandum of agreement between the two agencies formalized cooperation to reduce port-related emissions more than a decade ago. The new agreement continues work begun in 2007 to improve...
CaroTrans Adds Two Shanghai-US LCL Services CaroTrans will add two less-than-containerload services from Shanghai to the U.S. One service will call at Atlanta and the other service will call at New York. The first sailing to Atlanta commences on April 7 from Shanghai, and the first sailing to New York commences on May 5 from Shanghai. The weekly...
First Quarter 2013: Winners and Losers There's been no shortage of market-defining action in the first three months of 2013. The rapid run-up in global stocks defies the plodding pace of economic growth, especially in the U.S. and Europe. Washington politicos beat back the initial threat posed by the fiscal cliff, but that story continues to...
Customs Calls Off Furloughs U.S. Customs and Border Protection has halted plans for furloughs and suspended its ban on overtime, The San Diego Union-Tribune reports. Thomas Winkowski, Customs deputy commissioner, told workers in a letter that the appropriations bill that President Obama signed into law last week is enabling the agency to postpone the cutbacks...
Long Beach Board Wants More for Environment Calling for additional clean-air measures at a proposed BNSF near-dock intermodal yard, the Long Beach Harbor Commission wants developers to look into zero-emission trucks and a buffer zone to protect neighboring communities. The commission voted Monday to direct port staff to work with the Long Beach city administration in demanding additional...
Home run in Houston Intermarine has concluded the sale-and-leaseback of a breakbulk terminal on the Houston Ship Channel in a deal worth nearly $82m.
Sixth time lucky? Chinese regulatory hurdles have again pushed back the completion of a mega-merger between Glencore and Xstrata.
Hansson hunts extra cash Nordic American Tankers is looking to collect almost $110m from Wall Street after unveiling a larger than expected share sale today.
Giants float FLNG plan Shipbuilders were licking their lips today after oil companies revealed fresh details of a plan to build a giant floating LNG unit that could cost upwards of $20bn.
Bonuses still spot on Jinhui Shipping and Transportation's two top executives picked up smaller bonuses in 2012 but the handouts are still meatier than a capesize bulker can earn on the spot market right now.
Shih Wei back in Japan Shih Wei Navigation has continued its fleet renewal with a return to Japanese shipyards for three handysize newbuildings.
Mercator drops down VL Mercator Lines of India has agreed to sell its only Very Large Crude Carrier (VLCC) to one its Singapore-based subsidiaries.
Golden's new goose Golden Ocean's double supramax newbuilding order in Japan has surprised analysts tracking the John Fredriksen-led company.
Tributes for Tom Young Shipbroking legend Tom Young has died following a long battle with ill health.
SITC confirms splash SITC International Holdings has confirmed an order for up to eight boxships at China State Shipbuilding Corporation (CSBC).
Rem scores at Kleven again Rem Offshore has pounced on a new platform supply vessel at Kleven Verft for delivery next month.
Wan Hai fights back Wan Hai Lines has reported a huge jump in full year earnings after the company brought costs under control.
Pac Basin bags loan Pacific Basin Shipping has bagged export credit finance for a series of Japanese newbuildings.
STX stock dives Shares in STX Offshore & Shipbuilding plunged today after the company announced it was in talks with creditors to restructure debt.
Japanese first for Hantong China's Jiangsu Hantong Ship Heavy Industry has sealed its first contract from a Japanese owner.
Excel risk remains Fears surrounding a potential bankruptcy filing from Excel Maritime have not been quelled by its long-awaited trading update.
MSC sells terminal stake Mediterranean Shipping Co (MSC) is selling a 35% stake in Terminal Investment Limited (TIL) to private equity investors.
Otto juggles ownership Singapore's Otto Marine has sold an offshore vessel newbuilding to a related company for $50m, it disclosed Tuesday.
Fire disables bulker A handysize bulker is adrift off Oman after it was disabled by an engine room fire and the crew was forced to abandon the ship.
Tanker hits bridge Nordic Tankers' fortunes have gone from bad to worse after one of its chemical tankers struck a bridge in the US.
Maersk extends rig deal Maersk has agreed to extend its charter of a John Fredriksen-owned jack-up drilling rig for another twelve months.
EGLE in the red zone US operator Eagle Bulk Shipping turned in a fourth-quarter loss Monday but the result still topped most Wall Street forecasts.
NEWSFLASH: Freight payment vendor Trendset rocked by embezzlement case The freight payment and audit services provider Trendset has alerted its clients to an internal fraud and embezzlement issue which could affect payments the provider was supposed to make on behalf of its shipper customers to their transportation carriers.
IATA: Air freight improving slowly February continued the trend of a weak air cargo recovery. Tony Tyler, IATA's chief executive officer, noted the Eurozone crisis is still "far from over" and continued economic uncertainty will have an impact on air cargo growth.
GPA gets $50 million more for dredging Along with previous funding, Georgia has allocated $231.1 million toward the state's portion of the Savannah Harbor Expansion Project, which will deepen the harbor from 42 to 47 feet to accommodate the biggest box ships.
CaroTrans adds 2 Shanghai-U.S. LCL services
Delta cargo sees slight growth in March
Maryland raises gas tax to pay for transport needs On Friday, the state Senate voted to increase the state's gas tax by up to 20 cents by mid-2016 to raise an estimated $4.4 billion over six years. Motorists are expected to get a 4-cent per gallon tax increase by July.
MSC sells $1.9 billion stake in terminals business The liner carrier Mediterranean Shipping Co. said Tuesday it has agreed to sell a 35 percent stake in its terminals business, Terminal Investment Ltd. (TIL), to the New York-based private equity group Global Infrastructure Partners for more than $1.9 billion.
Washington Notebook: Gov. Scott tells Obama to reimburse Fla. for dredging
Turkish Airlines adds Houston hub The carrier now has major gateways in five U.S. cities, including Los Angeles, New York, Washington, and Chicago. Houston services will start with four frequencies a week and expand to six flights per week.
Atlas gets eighth 747-8 freighter
U-Freight opens Xiamen office
WLS: Capacity on major trades recedes 3% in 1Q
QuestaWeb, AduanaSoft to aid maquiladora shipments
Fujairah sees prices for 180 cSt material fall Suez prices stable.
Prices climb in North West Europe Double digit gains in Hamburg.
Fuel oil market in balance Western arbitrage volumes into South East Asia are expected to be steady.
Shipping industry has 'failed to lobby effectively' Airlines lobby more 'shrewdly' in the face of environmental regulations.
Another ex-Brightoil trader joins Glencore Edmund Lau will head fuel oil trading desk.
Bunker markets firming in Asia Tight avails in Tokyo Bay due to refinery maintenance.
LNG bunkering more 'straightforward' Shipowners will not have to worry over quality and quantity issues, says technical manager.
Russian oil major plans further expansion in Romania Gazpromneft Marine Bunker targets Constantza sales of more than 100,000 mt a year.
MOL expects 'continued vigilance' for business in 2013 Firm expects to save up to $323 million through cost cutting measures.
Shell receives environment-friendly lubricant delivery vessel The Enchant will be operating at Singapore, with four sister vessels arriving in the coming months.
No lack of HFO in future, despite refinery changes HFO will be around for another 'good period'.
Fuel efficient bulkers ordered at Japanese yard Supramax bulk carriers feature teachnology which is able to 'secure fuel efficiency'.
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