|AUGUST 5, 2013|
- Asia-Europe spot rates up to $1,501/TEU, Transpac hits $2,069/FEU
- Zim offers west coast Central America feeder loop for Asian cargo
- US court backs regulators on hours of work, declares end to truck war
- OECD: Dependency on Asia-led trade growth rises as justification wanes
- NYK links HK-Kaohsiung to Mindanao, Naha, Haiphong on slot buys
- Afghan makes Iran port deal to avoid Pakistan to reach outside world
- US court rules Mexican cross-border pilot truckers can keep on trucking
- Indian subcontinent-Mideast exports grow but Asia volumes fall 20.8pc
- Russia taxes Ukraine candy, after car duty hit, having levied one on US
- IAG Cargo revenue declines 8.3pc as volume falls 8.4pc in first half
- Court okay needed, but American Airlines creditors approve merger plan
- Chinese investment in western aviation industry growing at rapid pace
- Russia approves US$9.5 billion aviation programme for 2013-2015
|AUGUST 2, 2013|
- Big hitters to be out in force at ICS conference
- Amritsar ICD proposal sent for FinMin approval
- Privileges enjoyed by Status-Holders
- Federation leaders to meet Shipping Minister on wage revision
- Funding for LNG projects at EU ports
- JN Ports 4th box terminal project to be awarded this fiscal
- Safety & efficiency go hand-in-hand at APM Terminals Mumbai
- Govt gives nod for Rail Tariff Authority
- June sees new lows in air freight rates
- Crude oil imports from Iran fall by 60 pc in June
- Forex reserves shoot up by $960.20 m to $280.17 bn
- IFFCO Kandla organising seminars, tree plantations in run-up to Independence Day
- Another successful collaboration between PCN members
- Dutch steel frames on the move by Stedergroup
- Huge cranes being moved to PortMiami
- Jassim Transport excels in transportation of emergency power equipment
- Training benefits new project forwarders
|AUGUST 2, 2013|
- Third Set of Locks headed to Panama Canal
- Harkand Group adds ROV offshore support vessel
- New study on best ship management practices
- Blank Rome expands maritime and energy practices
- New dual fuel patrol boat christened in Finland
- Keppel FELS to build another jackup for Mexican Gulf
|AUGUST 2, 2013|
- Port of Port Angeles in line for federal grant funding
- DOT proposes rule change to cut truck driver paperwork
- OOCL eyes rate increase for cargo bound for Canada
- Port of Newport calling for applicants for General Manager
- US rail freight traffic sees mixed bag for week
|AUGUST 2, 2013|
- Asian ports under pressure
The region's terminals must improve ahead of 2015 full free trade agreement
- Second-quarter drydockings block TEN return to profit
Loss-making firm claims to have weathered the worst of the tanker downturn
- Kang quits STX Pan Ocean
Expected $200m KDB bail-out comes to nothing and the sale of STX Dalian has stalled
- Safety in numbers
Newcomers to Australian LNG offer Woodside a benchmark to gauge its own performance
- Diana says market justifies dry bulk lay-ups
Executives expect further weakening of freights and values but deny 'pessimists' tag
- Capesizes bounce back
Rates rise on strong exports from east and west coast Australia
- Shanghai International Port Group seeks global opportunities
EXCLUSIVE INTERVIEW: Chinese giant eyes emerging-market terminal investments and joint ventures
- Shanghai Port lobbies government to relax port-charge regulation
EXCLUSIVE INTERVIEW: Officials press for distorted pricing to end
- Guangzhou Shipyard International wins VLOC deal
Henghou Group pens two 250,000 dwt ore carriers at $57m-$58m apiece
- Asia-Europe spot rates gain 10%
Latest SCFI shows partial success with peak season surcharges
- Woodside welcomes new players on to its territory
Competition is like 'free gym membership', says leading Australian LNG producer
- Savannah counts the cost of dock strike threat
Port loses some 70,000 containers after cargo rerouted to west coast
- Funding boost for Mersin port
EBRD to invest $79.5m in $450m eurobond launched by operator of Turkish port
- Colombo and Hambantota declared free ports
Sri Lanka positions itself as a transhipment hub
- Hutchison Whampoa's first-half port profits fall 5%
Depreciation costs of $181m on expanded facilities bite into the bottom line
- P3 poses more questions than answers
Is effective competition secured, or will the new alliance erect excessively high barriers to entry?
- The ships that feed us
As Europe grows less produce, the food miles debate will pass its sell-by date
- A tale of two tanker types
The market reports a stark divergence in prospects for crude and clean tankers
- Taiwan Navigation picks up option for two bulkers
Taipei-listed owner fixes 62,000 dwt ships at $27.3m apiece
|AUGUST 2, 2013|
- STX Pan Ocean's founding CEO quits
STX CORP'S founder Kang Duk Soo has stepped down as co-CEO of its shipping unit STX Pan Ocean, the subsidiary said today
- Oz budgets A$30M for migrant ads
AUSTRALIA was reported today to be spending A$30M ($26.9M) on its publicity scheme seeking to dissuade migrants from trying to get smuggled into the country
- TEN returns to red
NYSE-listed TEN returned to the red in 2Q13, causing net losses for the company's first half as well
- Africa targeted for floating power generation
A TURKISH operator of power-generating ships told Fairplay today it is targeting sub-Sahara Africa for floating electricity generation
- SHI's profits grow 12% y/y
SAMSUNG HI said today net profits for 2Q13 ended 30 June grew by 11.5% year on year to 215.4Bn won ($192M)
- Sevan sees Seadrill lag
SEVAN Drilling said today a mandatory offer to acquire all its shares by Seadrill has started slowly
- PETRONAS to build up owned LNG fleet
MALAYSIAN oil and gas producer PETRONAS has decided to build its own fleet of LNG carriers rather than rely on its shipping subsidiary MISC
- STX Dalian sale to HK group falls through
STX OFFSHORE & Shipbuilding said today attempts to sell its yard in Dalian, China, to a Hong Kong group have fallen through
- CP ownerships shifted
CHANGHANG Phoenix said it has lost ownership of a dozen ships under a ruling by Wuhai Maritime Court
- Oz/China Capesize rates hit high
RATES to transport iron ore from Western Australia to China hit a 2013 high of $8.70 per tonne yesterday, as a sudden uptick in coal demand has thinned tonnage availability
- 'Underperform' rating sticks to Cosco (Singapore)
CIMB maintained its 'underperform' rating for Cosco Corp (Singapore), saying it "continues to disappoint"
- SMM sticks to 'hold'
UOB KAY Hian maintained 'hold' rating for Sembcorp Marine after the yard delivered below-consensus-expectation profits for the second quarter ended 30 June
- Heat to spur LNG cargoes
ASIAN LNG import are set to hit 17M tonnes as the summer heatwave in the Far East pulls volumes from the Atlantic basin, said IHS CERA
- Secondhand VLGCs sought for Iran's LPG
MORE Chinese buyers are surfacing in the secondhand VLGC market, seeking tonnage to load Iranian LPG
- E-ships books 3 'eco' MRs
DUBAI-based tanker operator E-Ships has booked three 'eco' MR tanker newbuildings for two years, brokers told Fairplay
|AUGUST 2, 2013|
- Metro Ports Canada Expands in British Columbia
Metro Ports Canada, part of Nautilus International, has signed an agreement with Pinnacle Renewable Energy to manage the Westview Terminal operation, a wood pellet, railcar-receiving storage and vessel loading facility in the Port of Prince Rupert in British Columbia. Metro Ports Canada, headed by James Dillman, president, and Rob Waterman, vice...
- Single-User Port Terminals on the Wane
Ocean carriers, struggling to make a profit in the face of overcapacity and declining freight rates, are taking dramatic and sometimes unexpected actions to slash costs. In this environment of frenzied cost-cutting, the proprietary container terminal operated for a single shipping line is becoming an endangered species. Nowhere is this trend...
- ZIM joined the Clean Cargo Working Group (CCWG)
In July 2013 ZIM has officially joined The Clean Cargo Working Group, a global shipping industry initiative dedicated to improving the environmental performance of marine container transport through measurement, evaluation, and reporting. The Clean Cargo Working Group works to set industry standards and guidelines for carriers and customers. Today, CCWG...
- Obama Taps US Drug Policy Czar to Head CBP
President Obama this week nominated the nation's drug policy czar to take the reins of Customs and Border Protection, setting the stage for the agency to get its first politically appointed chief in more than a year and a half. The nomination of R. Gil Kerlikowske, who has 37 years of...
- Trinity Industries' Revenue Rises 7 Percent
Trinity Industries reported its profit in the second quarter of 2013 was $88.2 million, improving from $67.5 million in the second quarter of 2012. Quarterly revenue for the multi-industry company was $1.07 billion, up 7 percent from $995.5 million in the same quarter last year. The rail group reported quarterly revenue was...
- NY-NJ's Ship-to-Rail System Moves 5 Millionth Container
ExpressRail, the Port Authority of New York and New Jersey's rail system that serves the port's marine terminals, has handled its 5 millionth container since it opened in 1991. Through May, there were 5,033,047 containers moved by the rail system since it opened on Maher Terminals as an environmentally friendly way...
- US House Committee to Consider WRRDA in September
The U.S. House Committee on Transportation and Infrastructure has plans to consider the Water Resources Reform and Development Act of 2013 when Congress returns from its August recess in September, according to Rep. Bill Shuster, R-Pa., the committee's chairman, and Rep. Bob Gibbs, R-Ohio, chairman of the Subcommittee on Water...
- Hours of Service Court Decision Ends Battle, Not War
Debate on truck drivers' hours of service is likely to continue despite this week's appellate court ruling.WASHINGTON - U.S. Circuit Judge Janice Rogers Brown wrote that the recent federal appeals court decision on the new hours of service rules "brings an end to much of the permanent warfare" between regulators,...
- Sen. Thune Introduces Bill to Extend PTC Deadline to End of 2020
Sen. John Thune, R-S.D., introduced legislation this week that would delay the federal deadline for positive train control by five years to 2021. The railroad industry has repeatedly said that implementing the costly crash-avoidance technology by the end of 2015 deadline was infeasible because the enormity of the task and much...
- NYSA Seeks to Expand NY-NJ Dockworker Ranks
The New York Shipping Association expects "within the next couple of weeks" to seek permission to expand the longshore work force in the Port of New York and New Jersey, NYSA President John Nardi said. The request will be in addition to replacement of 300 dockworkers who have opted for early...
- Port of Bilbao's Container Volume Slides 1 Percent
Spain's Port of Bilbao reported 15 million metric tons of cargo traffic in the first six months of 2013, and increase of 11 percent year-over-year. Out of that total, however, container volume was down 1 percent year-over-year. During the first half of the year, exports through the port rose 20 percent versus the...
- Ocean Carrier Rate Revision Roundup for Aug. 2
Major container lines have announced rate increases for a variety of trades, as detailed below, slated to take effect in August, September and October: North America Two carriers have planned rate hikes for Sept. 1: APL will hike rates inits trade from the Middle East and West Asia to the U.S. and Canada: For...
- Delaware River Ports Drumming Up New Business
When Great Lakes Dredge and Dock began deepening Reach A of the Delaware River around Philadelphia last September, it ran into an unexpected obstacle. An enormous chain resting on the river bed wrapped itself around the teeth of the dredge, grinding it to a halt for a couple of days....
- Appeals Court Upholds Most of HOS Rules
WASHINGTON - A U.S. appeals court on Friday upheld the majority of new federal hours of service rules, but rejected a 30-minute rest requirement for short-haul drivers, potentially ending a vicious and drawn-out battle between the trucking industry and regulators. The new rules, which took effect on July 1, require truck...
- Signs of Trans-Atlantic Trade Growth Buoy Shippers, Carriers
The centuries-old trade between North Europe and the U.S. is all but stagnant, especially on the eastbound leg of the trade. U.S. imports from Europe are recovering, while exports must await economic revival of Europe, which seems trapped in its own dedication to austerity. All eyes are on 2014, when...
- SCFI: Shanghai-to-US Spot Container Rates Rise
Spot container rates to the U.S. East and West coasts measured by the Shanghai Containerized Freight Index rose in the week ending Aug. 2, following a rate increase. USL and Hapag-Lloyd had set an Aug. 1 peak-season surcharge of $400 per 40-foot container to the U.S West Coast and $600...
|AUGUST 2, 2013|
- Prominent lawyer passes
New York's shipping community was caught of guard Friday after learning about the sudden death of Jeremy Harwood, a prominent maritime attorney with Blank Rome.
- All eyes on TEN
Tsakos Energy Navigation (TEN) of Greece appears to be closing in on a charter for an LNG carrier under construction at Hyundai Heavy Industries in South Korea, according to an analyst at Global Hunter Securities.
- Cornhuskers cometh
Beijing appears to have accelerated the pace of a campaign to establish new sources of agricultural commodities like corn and other crops.
- Chapter 11 risk persists
A growing number of equity analyst are growing increasingly concerned about whether Genco Shipping & Trading (Genco) will be able to outlast the downturn in the dry-bulk market.
- TEN narrows loss
Greek tanker owner Tsakos Energy Navigation (TEN) failed to shed the red in the second quarter but management believes the tides are about to turn.
- FMG goes large
One of the world's largest mining companies is starting to turn its back on conventional capesize tonnage in favour of VLOCs.
- Cotton pirates pinched?
Ghana's naval forces have intercepted a vessel suspected of being involved in a game changing pirate attack on a Geden Lines tanker off the coast of Gabon last month.
- K Line cashes cape
K Line has sold off its second capesize of the year to Berge Bulk, brokers believe.
- Atlantska falls to loss
Croatian owner Atlantska Plovidba has slumped to a loss in the first half as its bulkers struggled.
- Golden cools chatter
Herman Billung says there is no truth in talk of a five strong resale deal.
- Dutch routes re-drawn
The Netherlands has shifted hundreds of miles of shipping lanes to cut congestion in the North Sea.
- Sembmarine dips in Q2
Sembcorp Marine (Sembmarine) delivered a fall in second quarter profit that disappointed some market observers but analysts believe the firm is in line for a stronger second half of the year.
- Ray of light for Restis
Victor Restis got what must have been a small ray of sunshine after a bad couple of weeks when the investigating magistrate decided not to impose restraining measures on him connected with a second embezzlement charge.
- RBS headache grows
UK lender Royal Bank of Scotland (RBS) has revealed a deteriorating set of shipping lending figures, with provisions reaching £200m ($303.1m) in the first half.
- BG deals spark orders
Two of the biggest names in the LNG shipping sector are ready to book newbuildings in South Korea.
- Messina defiant on Iran
Italian owner Ignazio Messina has vowed to continue its ro-ro service from Iran, despite a campaign by US pressure group UANI.
- PB's price puzzler
Pacific Basin Shipping is still in the market for both second hand and new bulk carriers despite the addition of more than 30 vessels in less than a year, its CEO says.
- No cover for tragic ferry
Six Lloyd's of London syndicates have won a ruling that a ferry involved in one of the Philippines worst shipping tragedies breached an insurance warranty before its final voyage.
- Dart pulled free
Two tugs have refloated the grounded Danish waste carrier Dart off Norway.
- More whale woe
A Hanjin boxship arrived in Rotterdam overnight on Thursday with a whale carcass stuck on its bulbous bow.
- Concordia more costly
TradeWinds digests the digits making the headlines this week.
- STX Dalian deal stalls
STX Offshore & Shipbuilding is no longer in talks with a potential investor over its troubled STX Dalian shipyard in China.
- EBRD backs Turkish bond
The European Bank for Reconstruction and Development (EBRD) is buying into a $450m eurobond issue to develop the Turkish port of Mersin.
- Kang steps down
Kang Duk-Soo has stepped down as chief executive officer of bankrupt Korean bulker owner STX Pan Ocean.
- Zim banks on Balboa
Israeli container line Zim is targeting Central America with a new loop from Panama.
- Sumitomo suffers in first
Profit at Sumitomo Heavy Industries has been chopped back as its shipyard division struggled in the first quarter.
- Out with the old...
A batch of five Braemar brokers are about to start up on their own just as some high profile names are negotiating their exit from ACM, TradeWinds reports this week.
- Samsung profit jumps
Samsung Heavy Industries has pushed up earnings 12% in the second quarter as high-value ship contracts pay off.
- Dutch yard expands
Shipyard De Schroef has an eye on growing its ship repair business after acquiring a second hand drydock from Norway.
- Akdeniz wins one
Turkey's Akdeniz Shipyard has won an order for a new fish farm service vessel from Norway.
- Top Ships' new tune
We take a look at what was said in the market over the past week.
- Keppel wins rig deal
Keppel Corp has bolstered its orderbook with an order for a jack-up drilling rig from Uruguay-based investors.
- MCC targets Myanmar
MCC Transport, Maersk Line's intra-Asia arm, has introduced a new liner service to Myanmar.
- LDC seals fresh funds
Louis Dreyfus Commodities (LDC) has tapped the Eurobond market for the first time raising EUR400m ($528m).
|AUGUST 2, 2013|
- Clean truck legislation introduced in Congress
Two Democratic Capitol Hill lawmakers from New York, Sen. Kirsten Gillibrand and Rep. Jerrold Nadler, introduced legislation Thursday that they said will "update federal law to ensure that ports can enact and enforce Clean Truck programs."
- Court upholds most of HOS rule
A three-judge panel with the U.S. Court of Appeals for the District of Columbia Circuit has upheld most of the FMCSA's hours of service rule change, striking down the 30-minute break provision for short-haul carriers.
- U.S. rail activity rises in July
- U.S. truckers to save $1.7 billion from cut in red tape
- NYK implementing South Atlantic chassis charge
- U.S., China team up to seize fake electronics
- CMA CGM ordering more 16,000-TEU ships
- U.S. updates historical GDP, 2Q up 1.7%
- Alabama governor appoints industry vets to port board
- Swissport buys Servisair
- Fernandez says goodbye to TIACA
- Property brokers, forwarders urged to update data with FMCSA
Roanoke Trade Services is advising freight forwarders and property brokers that they need to "re-comply" with new permitting and bonding mandate put forth in the 2012 highway reauthorization bill, known as MAP 21.
- Importers call failed GSP renewal 'difficult to swallow'
GSP is designed to promote economic growth in the developing world by providing preferential, duty-free entry for up to 5,000 products when imported from one of 127 designated beneficiary countries and territories.
- EU keeps door open to U.S. beef imports
- FedEx releases new cold shipping option
|AUGUST 2, 2013|
- Fuel prices end week on high note in the Americas
Demand was said to be average in Houston on Friday.
- Weekly global market update
A weekly price round up from bunkering hubs around the world.
- Dutch part of North Sea enforces changes to shipping routes
Changes to routes will keep waterways safe for maritime traffic and ensure an efficient use of available space for other projects.
- Fujairah bunker prices end week firm
MGO prices made gains in Cape Town.
- Double digit gain in Rotterdam
Similar gains seen in Piraeus.
- Rise in sales of high viscosity bunker product in South Korea
Refiner sharpens focus with tank conversion.
- Chinese bunker suppliers 'losing ground'
Another regional bunker market could be suffering under competition from ports in the Russian Far East.
- Jail sentences in Sea Diamond trial
Sinking left two passengers dead and threatened major bunker spill.
- Bunker prices up in Asian trade
Weather conditions disrupted delivery schedules at Hong Kong port.
- International Bunkering appoints new head for India office
Chandan Samaiyar started his new role on August 1.
- Dan-Bunkering welcomes new trader
Christian Andreasen is based at the firm's Copenhagen office.
- Ship suspected in bunker spill allowed to sail
Vessel has 'urgent cargo' for riot hit island.
- STX: Cash expected to settle bunker bills
Korean bank said to be willing to ease company cash-flow squeeze.
- Vessels with more 'range and bunkering capability' ordered
New vessels will be built with increased fuel tank capacity of 18,000 litres.
- Oryx Energies strengthens position in South Africa
Firm acquired LPG distribution businesses of BP at the country.
- Vessels cleared for fuel scrubber installation
Poly Shield Technologies concludes three-ship installation survey for its DSOX-15 Fuel purification system.
- Hambantota starting bunker ops by end-August, says SLPA
Hambantota and Colombo declared as free ports in effort to improve foreign investment.
- Swedish firm claims innovative solution for emissions
'One of the most effective and exciting green technologies the world has yet seen,' says HIT spokesperson.
- COSCON makes further bunker rate adjustments
New rates to take effect from September 1.