Navios Acquisition takes new product tanker Tanker arm of Navios Group hails 30th vessel in service
LNG shipping set for winter boost as Japan shuts nuclear reactors Longer-term prospects for sector less buoyant, however
Southampton gets ready for the transatlantic Port set for November arrivals as GAX, GMX and PAX services shift from Thamesport
India's woes boost Turkish and Chinese demolition yards Rupee's weakness against the dollar undermines subcontinent's confidence
Surge in Asia-Europe box volumes expected in coming weeks Rush ahead of Chinese holiday period will put carriers in strong position for rate push
Caribbean aframax rates climb Market hits highest level since early June
Hyundai Mipo secures $102m order for three boxships Unnamed European owner's vessels to be delivered in 2015
Golden Ocean buys two 2010-built bulkers Capesize and handymax ships bought in strategic partnership with an unnamed owner
Icelandic market holds back Eimskip Line's second-quarter results hit by decline in import volumes and cost of new vessel
Christen Sveaas seeks to re-list Western Bulk in Oslo Owner says timing is right to raise funds for growth of dry bulk operator
China's Bank of Communications Leasing orders 18,400 teu ships at DSME Deal marks the first time that Chinese lessor has placed orders in South Korea for European owner
K Line to build four car carriers at two Japanese yards Vessels will be the widest beam car carriers yet built, shipping giant says
Port of Kapellskär to be expanded for $110M THE PORT of Kapellskär, located 90km north of the Swedish capital Stockholm, will be expanded over the next two and a half years at a total cost of SK745M ($110M), the municipally-owned Stockholms Hamnar port company said
Mixed Results, Mixed Emotions Those of us who regularly read shipping industry reports from around the world must endure a mix of emotions when reading the news of the day. Some days, we smile. Others, we may shed a tear. And then there the days of bewilderment. And that was my reaction when reading on...
US Diesel Prices Jump Nearly 7 Cents U.S. diesel prices through September 2, 2013 Full-size image U.S. diesel prices climbed in the week of Sept. 2, growing at an accelerated pace compared to increases in the past two weeks, according to the U.S. Energy Information Administration. The national average price is $3.981, up 6.8 cents from last week. During the...
'Win' Thurber to Receive 2013 Connie Award Win Thurber, chairman and CEO of Norton Lilly International, will receive the 2013 Connie Award.The Containerization & Intermodal Institute will present the 2013 Connie Award to H. Winchester "Win" Thurber III, chairman and CEO of Norton Lily International, at the Connie Luncheon on Dec. 9, 2013, at the Metropolitan Room...
Report: Ship, Container Reliability Fell in Second Quarter Ship and container reliability decreased in the second quarter of 2013, according to Drewry Maritime Research's recently published quarterly Carrier Performance Insight report. Despite improvements in east-west trade reliability, the average on-time performance of container ships across all trades covered declined to 70.5 percent, down from 72.8 percent in the first...
Union Pacific Introduces New Technology for Double-Stack Intermodal Trains Arrowedge has a tapered body that allows air to flow more easily around a double-stack train's top front-most containers.Union Pacific has unveiled Arrowedge, a new employee-designed, pilot technology aimed at reducing fuel and locomotive emissions on double-stack intermodal freight trains. Positioned on top of the first freight container, the 48-foot Arrowedge...
FREE Webcast: Doing Business in a Changing China Timed to be held in the run-up to the JOC TPM Asia Conference in Shenzhen, this Webcast will focus on the challenges and opportunities for importers and exporters, and transportation and logistics companies in China, where a combination of slowing growth, a more inward-looking economic strategy, rising costs and new...
Ports of Indiana names new Public Affairs Manager Heather Bunning has joined the Ports of Indiana as the new Public Affairs Manager, and will serve as the primary contact for media inquiries related to all three of the state's public ports as well as statewide maritime, foreign-trade zone and multimodal transportation issues. The Ports of Indiana is a statewide...
Maritime Union 'Not Surprised' by National Labor Relations Board Ruling in ICTSI Case An Administrative Law Judge for the National Labor Relations Board issued a preliminary decision and recommended order on August 28 that the ILWU is not legally entitled to perform disputed work that is covered by the ILWU's 80-year-old collective bargaining agreement with the union's West Coast employers. The work was...
Apreo Logistics Announces Name Change to C.H. Robinson Amsterdam, The Netherlands (Sept. 3, 2013) - C.H. Robinson Worldwide, Inc., one of the world's largest logistics companies, announced today that it has completed the rebranding process of Apreo Logistics S.A., which will continue under the name C.H. Robinson. The rebranding process started after C.H. Robinson acquired the leading Polish...
Korean Register to supply EMSA with a renewed "RuleCheck" system for port state control inspectors The Korean Register (KR) - an IACS member classification society - is to supply the European Maritime Safety Agency (EMSA) with a new generation "RuleCheck" system. In 2007, KR won a competitive tender to develop and supply the initial RuleCheck system to EMSA. Based on KR's highly regarded KR-CON system, RuleCheck...
Top award for London Gateway's Information Technology London Gateway, London: A unique and highly flexible state-of-the-art datacentre architecture has won DP World London Gateway's Information Technology Team a top award for innovation. London Gateway was named winner of the NetApp Visionary Leadership Innovation Award for 2013 for a data storage and management solution, which provides flexibility, reliability and predictability,...
Shanghai Yupei, Financial Groups to Invest in 17 Warehouses in China The Carlyle Group and The Townsend Group have partnered with Shanghai Yupei Group to invest in 17 warehouses in China, representing a combined equity commitment of $400 million. Carlyle, an alternative asset manager, and Townsend, an investment management company, will commit about $200 million to acquire equity interests in five warehouses...
CargoSmart Hosts Seminars on Canada and Japan Customs Regulations SAN JOSE, CA - September 3, 2013 - CargoSmart Limited, a leading Software as a Service (SaaS) global shipping and logistics solutions provider, today announced that it will be hosting a seminar series entitled "Compliance Countdown: Prepare for 2014 Advance Filing Requirements." The seminars will inform freight forwarders and non-vessel...
TNT Thailand joins national seminar on use of technology in logistics Leading provider of integrated express services shares knowledge on employing information technology in logistics to prepare for AEC Khunthon Siripaiboon, Country ICS Director, TNT Express Worldwide (Thailand) Co. Ltd., receives souvenir for appearing as honoured speaker at the seminar, "The software to enhance logistics process (delivery service) to prepare for the AEC," at which TNT shared knowledge on delivery cost management by employing information technology.TNT Express Worldwide (Thailand)...
North America's Largest Infrastructure Projects There's a lot of talk about increasing infrastructure spending, but with local, state and federal agencies involved, it's difficult to determine which projects would bring the biggest bang for the buck. Enter CG/LA Infrastructure. The Washington-based consulting firm in August ranked 100 projects that it says would most help the...
'K' Line Orders Four New Ro-Ro Vessels "K" Line and two shipbuilding companies, Shin Kurushima Dockyard and Japan Marine United, have reached agreements to build four new car carrier vessels. The shipbuilders will each construct two vessels. Delivery of the new ships is expected to take place in 2015 and the first quarter of 2016. "We have appointed two...
US Reaffirms Equivalence of China's Poultry Processing Inspection Regime The U.S. Department of Agriculture's Food Safety and Inspection Service has reaffirmed the equivalence of the food safety inspection system for processed poultry in China, enabling the Asian nation to certify plants to export processed poultry product to the United States. Although China has received approval to export processed poultry products...
IAG Cargo to Launch New London-Austin Route IAG Cargo's new route will be served by the new Boeing 787 Dreamliner.IAG Cargo will launch a new air cargo route from London Heathrow to Austin, Texas, in March 2014, and will offer an additional export route for the area's expanding technology hub. IAG Cargo, the freight business of British Airways...
Port of Virginia Handles Record Single-Month Cargo Volume Full-size image. The Port of Virginia handled 205,137 20-foot-equivalent units in July, setting a new record for single-month cargo volume. Export TEUs in July tallied 106,363, while import TEUs were 98,774, representing year-over-year gains of 12.7 percent and 14.9 percent respectively. Overall volume was up 13.7 percent compared with July 2012. From January to July,...
Landstar Calls Trucking Market 'Choppy' But Improving Landstar System expects $680 million to $700 million in revenue in the third quarter, as underlying revenue trends improve despite a "choppy" freight market. That's a tighter range than the $670 million to $715 million in revenue the fourth-largest U.S. truckload carrier forecast for the quarter a few months ago, but...
Mind the gap Demand for Jones Act product tankers will likely exceed supply over the next three years, a leading Wall Street equity analyst told clients Tuesday.
Diana Shipping tied to buy Diana Shipping of Greece has been linked to the acquisition of a kamsarmax bulker that used to trade with bankrupt Italian operator Deiulemar Shipping.
Six land in lockup A chemical tanker controlled by Navios Maritime Acquisition Corp of Greece has emerged as one of six vessels detained by US port inspectors in the first half of August.
FRNT profit jumps Frontline 2012 booked a big jump in net profit for the second quarter as gains from cancelled newbuildings made up for diving charter rates.
Novoship profit rises Russia's Novorossiysk Shipping Company (Novoship) has posted better earnings and revenue figures for the first half of 2013.
ORIG seals another George Economou's Ocean Rig (ORIG) has moved for another ultra-deepwater drillship (UDW) at Samsung Heavy Industries.
NNA wins MR work Greece's Navios Maritime Acquisition (NNA) has fixed an MR2 newbuilding for six months in a profit-sharing deal.
Charter joy for Navios Navios Maritime Partners has clinched a three-year charter for a capesize newbuilding at $19,000 per day.
Daewoo extends Daehan deal Loss-making Daehan Shipbuilding of Korea will be managed by compatriot Daewoo Shipbuilding & Marine Engineering (DSME) for another two and a half years.
Shreyas adds ICTT run Indian feeder line Shreyas Shipping & Logistics has launched a new run linking east coast ports to the ICTT terminal at Vallarpadam.
CH Offshore fixes two CH Offshore has signed bareboat charters for two of its anchor handling tug supply (AHTS) vessels with purchase options for the charterer to buy the vessels at the end of the term.
Austal earnings soar Australian shipbuilder Austal's annual profit has been boosted partly by growing work for the US navy.
Exmar still in Confusion hangs over the extent of Exmar's involvement in a planned floating LNG project in Canada.
Four held over sinking Scottish shipowner Peter Sharp and three others are facing a manslaughter trial in Papua New Guinea over the loss of the Rabaul Queen ferry in 2012.
Dof takes the money Dof Subsea is making a NOK 200m ($32.91m) profit from the sale of a new offshore support ship.
Three for Mipo Hyundai Mipo Dockyard has bagged a rare order for three boxships from a European owner.
Yinson reaches 97% Malaysian FSO group Yinson has clinched its takeover of Fred Olsen Production (FOP) after winning 97% of its shares.
Golden snaps up bulk duo Golden Ocean has continued to build up its fleet, this time tapping the secondhand market to buy a capesize and a handysize bulker.
Zhongchang loss grows China's Zhongchang Marine has slipped to a bigger first-half loss despite an increase in revenue.
Haisheng hurt again China Shipping Haisheng has posted a bigger deficit in the first half of 2013.
K Line books PCTCs K Line has ordered four car carrier newbuildings as the Japanese shipowner looks to modernize its fleet.
Densan bulker arrested A Turkish owned handymax has reportedly been arrested in Singapore in the first such detention in almost a month.
OW targets West Africa OW Bunker has confirmed the launch of a new physical fuel supply operation offshore West Africa.
ILWU quits AFL-CIO as it gears up for contract talks Just before Labor Day, the International Longshore and Warehouse Union cut formal ties with the AFL-CIO, expressing concern about jurisdictional battles with other unions as it prepares to negotiate a new contract next year.
COSCO vessel targeted in Suez attack The 10,062-TEU COSCO Asia was attacked while exiting the north end of the canal with its convoy over the weekend, though the head of the canal authority told the Reuters news agency that no damages or injuries occurred.
Third time a charm: ILA approves Virginia contract Meanwhile, a federal judge signed a temporary restraining order last Thursday to get longshoremen at the Wando Welch and North Charleston terminals in Charleston to return to work following a brief walkout.
'K' Line orders 4 giant car carriers The carrier will use the new ships to replace aging tonnage. "It is our estimation that the car transport market and ro/ro cargo market will steadily grow, so we will continue to develop our fleet," a "K" Line executive said.
CargoSmart to hold advanced filing seminars in Pacific Northwest
Court dismisses ABF labor complaint
Hapag-Lloyd to Tango
US Airways, American get expedited antitrust trial
MOL Comfort investigation to take more time
Global Ports to acquire Russian terminal operator
Evergreen announces transatlantic rate hike
IAG Cargo to add Austin service in 2014
Air cargo activity inched up in July
DHL brings day-definite LTL service to Europe
Washington Notebook: ITC approves antidumping probe of alloy imports
Exel Direct rebrands as MXD
UASC orders 18,000-TEU ships with LNG option
LLamasoft, ALK partner on truck data
Pressure on Indonesia to ease ag import restrictions
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