|DECEMBER 4, 2013|
- Russian trustbusters charge 13 big box carriers with price fixing
- Zim loss shrinks to US$44 million, operating profit hits $17 million
- Despite weak performance smaller lines continue to add needless capacity
- Panama suspends booking slots due to backlog from fog bigger ship volume
- California ports implement low sulphur fuel rules for ships from New Year
- Jiangsu Jingjiang port's 10-month volume up 19.7pc to 73.68 million tonnes
- Hubei province starts first regularly scheduled rail freight service
- Zhejiang province's Taiwan container cargo volume rose 7pc in October
- 'K' Line sets up new office in Yangon with own Japanese personnel
- PortMiami tests fruit fly-killing cold treatment on Peruvian grapes
- DB Schenker increases links between Oslo and Norway's Arctic region
- China's air freight volume grows 7pc to 488,000 tonnes in October
- Ural Airlines delivers Russian online shoppers goods from Harbin
- Security boost as SpiceJet licensed to fly diamonds on its aircraft
|DECEMBER 3, 2013|
- Europe made easy by FEI
- Freight fraternity honours Dr P. D. Vaghela at CTL 2013
- MOL, NYK, "K" Line & SCI reach long-term time charter agreement for LNG carrier with Petronet LNG
- New ICS initiative to maintain IMO primacy on shipping & CO2 issues
- Pak businessmen in favour of MFN status to India
- CoPT to set up export-oriented oil trading hub
- Shipping Minister interacts with high-level Belgian delegation
- Visakhapatnam Port sets all-time ore pellet loading record
- ADB may issue offshore rupee-linked bonds
- INR turns marginally lower on fresh dollar demand
- India, China exempted from Iran oil sanctions
|DECEMBER 4, 2013|
- VTG/K+N joint venture approved
- G6 to expand transpacific and transatlantic trades
- First paperless round-trip for general airfreight
- TIR system resumes in Russia
- Doha's new airport begins operations
- Ghana plans to double port capacity
- M+R Spedag Group opens new office in Kuala Lumpur
- Union Pacific Railroad adds intermodal service
- Drewry: price fixing case will not be resolved quickly
- Norbert Dentressangle wins contract from Càndido Hermida
- Building work starts on trailer plant in China
- AA expands cargo service in twin cities
- Raben Group appoints industry veteran to supervisory board
- ABC setzt auf behutsames Wachstum
- Umco expands management
|DECEMBER 3, 2013|
- Scorpios in $1 billion buying binge
- Davie gains ISO quality management certification
- Eastern delivers PSV to Brazil's Bravante
- Incat Tasmania wins Japanese order
- Hyde introduces BWTS with smaller footprint
- Rolls-Royce to design and equip Sinopacific PSV pair
- Wärtsilä to design Crowley's LNG fueled newbuilds
- Great Eastern to retrofit tanker with Kappel FPP
|DECEMBER 4, 2013|
- G6 Alliance member carriers plan to boost service network
- Panama Canal sees jump in grain shipments through waterway
- Port of Seattle bringing back Sea-Tac Airport music program
- Totem Ocean Trailer Express making pair of executive moves
- Shippers come togetherin deal for new LNG vessel
|DECEMBER 3, 2013|
- Opec overview: Your essential guide to the politics shaping the oil market
Big decisions are unlikely to emerge from this week's meeting of Opec oil ministers, but demand and supply issues will get an airing and these could impact oil prices and the cost of doing business
- Restis released from prison
Greek owner's legal team says 'new facts' have emerged in banking fraud probe
- American Shipping Company sets out its plan to recapitalise
Jones Act owner with tonnage locked into OSG looks to shore up its finances
- Scorpio launches fresh blitz on tanker and dry bulk acquisitions
Newbuilding deals worth $1bn include seven VLCCs
- Indian tanker owners await return of Iran trades
Shift in policy could herald opportunity for those that can wait for insurance clarity
- Euroseas orders two ultramaxes in China
Greece-based owner books eco-ships with Sinopacific group yard
- Shipowners set to win ballast-water respite - but not in the US
IMO is expected to accept proposal to extend period to retrofit new technologies
- FMC sets global summit date as G6 unveils expansion plans
UPDATE: Regulators from Europe and China accept invitation to review boxline alliances
- G6 to expand to the transatlantic and transpacific west coast
Lines respond to P3 alliance with plans for beefed-up deployment
- Shinsei Bank revealed as creditor that seized Sanko bulker
Japanese lender to foreclose mortgage on capesize vessel ahead of judicial sale
- Baltic Sea aframax earnings jump $4,000 overnight
Fewer tankers available as bad weather disrupts shipping
- P3 plans prompt MSC to expand Antwerp port presence
Line makes formal approach to port authority to develop Deurganck Dock
- Weaker spot market hits Independent Tankers' third-quarter results
Fredriksen crude tanker company's VLCC spot earnings fall $1,200 per day
- Russia opens floodgates to its LNG exports
New law means more LNG to flow from Russia as Gazprom loses monopoly
- Japanese majors and SCI secure fourth Petronet LNG contract
Consortium books 173,000 cu m ship at HHI to fulfil long-term charter deal
|DECEMBER 3, 2013|
- Latvian Shipping Makes Q3 profits
The Latvian Shipping Company achieved net profits of $2M for the third quarter of this year
- Gdansk yard edges closer to closure
Poland's historic Gdansk shipyard is reportedly edging ever more closely to bankruptcy after its owner, the Gdansk Shipyard Group, failed to provide a business plan for the facility by the end of last week
- Finnish Transport Agency reverses icebreaker decision
Finnish Transport Agency, which owns the country's icebreaker fleet, has reversed a decision in principle to order a new icebreaker from Aker Arctech
- Jadrolinija signs large fuel deal
The Croatian passenger shipping company Jadrolinija has today signed a one-year fuel supply agreement with the local oil and gas company INA worth 350M kuna ($62.2M), covering the period between 1 January and 31 December 2014
- Euroseas pulls trigger on dry bulk orders
NASDAQ-listed Euroseas has ordered two eco-design Ultramax newbuilds as dry bulk sentiment continues to brighten
- US to host P3 summit
Beijing and EU regulators have agreed to meet on 17 December in Washington
- Container shipping to embrace tough 2014
Container lines will face a tough 2014 as there will be an oversupply of tonnage and little demand for the capacity, a senior shipping analyst has warned
- Top Teekay owner pares stake
Resolute Investments, the largest shareholder in NYSE-listed Teekay Corp, is selling almost a fifth of its holdings in the tanker company
- Summa requests state funding for new Zarubino port
The Summa Capital group of Moscow has announced a plan to build a $1Bn new port at Zarubino, provided that the federal government pays for harbour dredging and berth infrastructure, as well as power and rail lines
|DECEMBER 3, 2013|
- YRC Worldwide Plans $28.7 Million Stock Sale to Cut Debt
YRC Worldwide is turning to Wall Street for help reducing its massive debt as it works to achieve new long-term agreements with its Teamsters and lenders. The troubled $4.9 billion trucking operator plans to sell up to 3 million shares of common stock on the open market to raise as much...
- Nippon Express Takes Stake in NEC's Logistics Unit
Nippon Express Co., Japan's largest international freight forwarder, has acquired a 49 percent stake in NEC Logistics Ltd., the logistics arm of NEC Corp., the two companies announced on Dec. 2. Nippon Express, commonly known as Nittsu in Japan, and NEC, one of the nation's biggest electronics makers, made NEC Logistics...
- Batumi International Container Terminal Deploys Additional Solutions from Tideworks Technology
SEATTLE - Dec. 3, 2013 - Tideworks Technology®, Inc., a premier provider of full-service terminal management and planning software solutions, today announced that Batumi International Container Terminal (BICT) has successfully deployed Tideworks' Mainsail Vanguard®,its core marine terminal operating system (TOS); Forecast® by Tideworks, its port community web portal; and Traffic ControlTM, its equipment...
- FMC Soon to Stop Clock on P3 Review
Federal Maritime Commissioner Richard Lidinsky said the agency will soon stop the clock on its review of the proposed P3 Network. Maersk Line, Mediterranean Shipping Co. and CMA CGM can take as long as they want to respond to FMC questions. Without such a pause, the FMC would have until mid-December...
- 'K' Line to Open Myanmar Office in 2014
Yangon, Myanmar "K" Line will open an office in Yangon, Myanmar, in January 2014. The container line will appoint Japanese personnel from its head office in Tokyo for the new office. "By assigning Japanese personnel to Yangon, 'K' Line will be able to have direct contact with the Myanmar industrial community in order...
- Maersk Line to Launch Intra-America Service
Port rotation for MesoAmerica Express.Maersk Line will launch a new weekly intra-America service connecting the U.S., including Puerto Rico, with Mexico, Guatemala, Honduras, Costa Rica, Panama, Colombia and the Dominican Republic. The port rotation for the MesoAmerica Express service will be as follows: Houston; Altamira and Veracruz, Mexico; Santo Tomas, Guatemala;...
- NYSA Board Reaffirms Support of Lawsuit
The New York Shipping Association's board unanimously reaffirmed its support of a lawsuit the NYSA and the International Longshoremen's Association filed against the Waterfront Commission of New York Harbor. The action came at the NYSA board's quarterly meeting today. The NYSA-ILA lawsuit in U.S. District Court in Newark, N.J., seeks to enjoin...
- Adam Kahn Joins SmartDrive
San Diego, California - December 3 2013 - SmartDrive Systems, a leader in driving performance solutions that reduce collisions and improve fuel efficiency, today announced that Adam Kahn has joined its management team as Sr. Director of Product Marketing. Kahn brings more than 20 years of transportation and logistics marketing experience...
- Gaps Galore, as US Export Growth Lags Imports
One of the major headaches U.S. ports encounter in managing container trade flows is the imbalance in demand for loaded imports and exports. Ports handling more loaded imports than exports wind up with a lot of empties sitting around, taking up precious container yard space. Ports that focus on exports...
- G6 Alliance to Expand Coverage to Compete With P3
The G6 Alliance unveiled plans today to expand into the trans-Atlantic and Asia-U.S. West Coast trade lanes in a widely expected response to the proposed P3 Network partnership between the world's three largest carriers, Maersk, Mediterranean Shipping Co. and CMA CGM. The G6 carriers - Hapag-Lloyd, NYK, OOCL, Hyundai Merchant Marine,...
- Navis Expands Global Footprint in China as Da Chan Bay Terminal One Goes Live with N4
OAKLAND, Calif.--(BUSINESS WIRE)--Navis, the global technology standard for managing the movement of cargo through terminals, announced that Modern Terminals Limited has gone live on the Navis N4 terminal operating system (TOS) at Da Chan Bay Terminal One (DCB), located in Shenzhen, China. The N4 platform enables Modern Terminals to generate...
- APS Stevedoring Announces New East Coast Vice President
APS Stevedoring LLS, auto and general cargo/break bulk stevedoring company headquartered in Long Beach, recently announced the appointment of Donald E. Rupert as its vice president East Coast. Reporting directly to President John Hering, Rupert will be in charge of developing and overseeing business opportunities for APS Stevedoring in the U.S. East Coast and Gulf regions. Rupert has...
- Zenith Global Logistics Hires Customer Service Manager
CONOVER, NC - December 3, 2013 - Specialized furniture carrier and international 3PL provider Zenith Global Logistics has hired Donna M. Adams as Manager, Customer Service, reporting to Michael Echerd, Chief Operating Officer. Adams has responsibility for the overall management of Zenith Global Logistics' customer service team, which handles day-to-day contact with...
|DECEMBER 3, 2013|
- Ridgebury tied to raid
Ridgebury Tankers has been tipped as the buyer of a suezmax tanker controlled by MPC Steamship of Germany.
- Totem names new COO
Totem Ocean Trailer Express has hired a Yusen Logistics Americas executive to serve as its chief operating officer (COO).
- Khanna denies buy
Reports linking a fledgling dry-bulk firm led by the former operations chief of Greek bulker and tanker owner DryShips appear to be way off base.
- Morgan Stanley downs SFL
Morgan Stanley downgraded shares of Ship Finance International (SFL) Tuesday based on a bet that the Bermuda and Oslo-based operator is unlikely to increase its dividend anytime soon.
- DSX reactivates cape
Diana Shipping of Greece appears to have secured employment for a capesize bulker that landed at the centre of a chartering dispute with Shagang Shipping just last week.
- Le Bon rocks ICAP
Simon Le Bon rocked the shipping floor at ICAP's charity event in London today.
- Restis released
Greek entrepreneur and shipowner Victor Restis has been released from custody after more than four months, but will still be subject to some restraints.
- RABT banks share cash
Sweden's Rederi AB TransAtlantic has almost sold out a stock offering designed to ease its liquidity squeeze.
- SALT scoops eight more
Rapidly expanding Scorpio Bulkers (SALT) has added another eight newbuildings to its roster in deals worth $242m.
- Euroseas takes the plunge
Nasdaq-listed Euroseas is heading to China for two new eco-ultramax bulkers as it renews its fleet.
- STNG's magnificent seven
Scorpio Tankers has confirmed its entry into the VLCC market with an order for seven newbuildings.
- DHT wins upgrade
An early VLCC newbuilding swoop in an improving market has helped DHT Holdings draw an upgrade out of Global Hunter Securities.
- G6 extends reach
The G6 Alliance of container lines has expanded its cooperation to take in Asia to US west coast trades and transatlantic routes to Europe.
- Navig8 bags six more
Navig8 Chemical Tankers has taken its newbuilding spending past $600m after firming up a second batch of options at Hyundai Mipo Dockyard.
- Bass Strait ro-ro bid
Australian transport magnate Chas Kelly is close to bringing in two new ro-ros for a Bass Strait run.
- Rio cuts spending
Rio Tinto's spending cuts have sliced deeper than expected as chief executive Sam Walsh continues an effort to reduce outgoings.
- Bourgas up for sale
Bulgaria's Bourgas Shipyards is being put up for sale in different lots for a total of EUR 207m ($280m).
- It floats!
The largest floating facility ever built has hit the water at a South Korean shipyard.
- DHT's eco carrot
Evolving eco VLCC designs rather than a recovery in spot rates tempted DHT Holdings to order newbuildings at Hyundai Heavy Industries, its leading executives say.
- Nacks makes MPV move
China's Nantong Cosco KHI Ship Engineering (Nacks) is developing an LNG-fuelled multipurpose ship (MPV) to capture a slice of the eco-market.
- NewLead strikes debt deal
Greek bulker and tanker owner NewLead Holdings has turned a $44.82m debt into new shares for a private equity fund.
- AMSC shoots high
American Shipping Company has pocketed $120m from a private placement as part of a financial overhaul announced last night.
- ALNG inks maiden fixture
Norway's Awilco LNG has landed a maiden voyage fixture for its second newbuilding which hit the water last week.
- ITC's spot of bother
Frontline-owned Independent Tankers Corporation (ITC) has warned it will be forced to draw on cash reserves to keep its VLCC fleet operational.
- Karlshoej fund sells down
A trust representing Teekay founder Torben Karlshoej has sold a batch of shares in the New York-listed shipowner.
- NSC sale fails
Russia's 20% stake in Northern Shipping Company (NSC) has been left on the shelf ahead of an auction scheduled for this week.
- CBA moves on shipping
Commonwealth Bank of Australia (CBA) is aiming to fill the void left by an exodus of European lenders from the ship-finance scene.
- Big boxship for Hanjin
Korea's Hanjin Heavy Industries has revealed an order for a big new containership.
- Lukoil picks Bumi Armada
Bumi Armada has won contracts to supply three offshore vessels to Lukoil for work in the Caspian Sea, it confirmed Tuesday.
- Japan boosts India ties
Japan's three largest shipowners have teamed up with the Shipping Corporation of India (SCI) to order an LNG carrier newbuilding.
- Damen wins Canada deal
Damen Shipyards Group has won a newbuilding order from Canada for a ro-pax ferry in a deal worth CAD 51m ($48m).
- Japex backs imports
Japan Petroleum Exploration Co (Japex) is to go ahead with a new LNG import terminal in Fukushima Prefecture.
- TMT property deal challenged
Cathay United Bank is challenging a Today Makes Tomorrow (TMT) entity's sale of a Taipei property in the continuing bankruptcy saga of the Nobu Su-led shipowner.
- BALT seals cape raid
US operator Baltic Trading appears to have completed the acquisition of two capesize bulkers.
|DECEMBER 3, 2013|
- Antwerp looks at expanding to accommodate MSC, P3
- Panalpina: 80% e-freight penetration by 2015
- Old Dominion ups growth expectations
Officials raised tonnage-per-day expectations due to significant growth in October and November. The carrier said it will likely see year-over-year growth of between 9.5 percent and 10 percent in the fourth quarter.
- FMC sets global summit for Dec. 17
The Federal Maritime Commission said Monday it planned to host on Dec. 17 a global regulatory summit "in light of the increased networking among ocean common carriers." Regulators from China and the European Union will be in attendance.
- Maersk will offer MesoAmerica service
- Washington Notebook: U.S. Chamber urges Congress to settle on final WRDA bill
- Experts question viability of Amazon drone delivery system
"That is classic Jeff Bezos. He's playing his magic tricks again," Michael Zakkour, a principle with Tomkins International Consulting. "I can give 100 reasons why he'll never do home drone delivery."
- Russia launches investigation of Russian steamship agencies
The Federal Antimonopoly Service said the case was initiated upon materials obtained in the course of several dozens of unscheduled on-site inspections of economic entities - in particular, Russian agents of marine container shippers.
- G6 Alliance plans transpacific, transatlantic expansion
The six containership companies that belong to the G6 Alliance are planning to expand their cooperation to the Asia-U.S. West Coast and transatlantic trade lanes. The new services are scheduled to begin in the second quarter of 2014, pending regulatory approval.
- FIATA, IATA push for MC99 ratification
- U.S. steel imports up 8.4% in October
- Executive moves
|DECEMBER 3, 2013|
- Prices stable in Fujairah
Cape Town: Prices falling.
- LNG: 'It's going to catch on'
Ship operator pioneering LNG gets 'at least half a dozen enquiries a week' from other owners.
- Prices firm in Northwest Europe
Tight avails and strong winds in Istanbul.
- Fuel Conditioning Module can 'help ships be ECA compliant'
'Systems today must deal with more fuel parameters than ever before', says Alfa Laval.
- Sail-driven cargo vessel could be ready by 2016
Japanese government has pledged funds to help cover development costs.
- New bunker group prepares to expand
Soyuz Bunkering Group in Dubai is headed by Chemoil's former director of global sales.
- Wartsila to design LNG-fuelled box ships
Company claims leading position in LNG propulsion market.
- Tight avails hit Asian prices
Bunker prices rising across the region's key ports.
- China and LR team up on LNG-fuelled ship design
Triple-fuelled propulsion systems a possibility.
- Indian shipowner opts for propeller retrofit
VLCC to get upgrade using new blade design.
- MPA to get new chief
Singapore port to start 2014 with new leader.