|DECEMBER 5, 2013|
- G6 Alliance expands to meet P3 challenge as regulators plan DC meet
- MSC presses Antwerp to upgrade to accommodate P3's 18,000-TEUers
- Massive Indian food subsidies now threatens WTO's very existence
- Tianjin docks its biggest ever boxship, the 15,500-TEU Eugen Maersk
- SITC and Sinotrans to launch a Japan-Bohai loop to Osaka and Kobe
- London Gateway welcomes Safmarine's maiden call on NE/SA service
- Jingtang Dapukou terminal volume up 17pc to 500,000 TEU year to date
- Growing trade boosts Xinjiang's Khorgas trade on Kazakhstan border
- Ningxia 10-month rail freight volume down 3.7pc to 38 million tonnes
- Weak inland infrastructure stymies plan to build big Chennai terminal
- Sarjak Container Lines opens own agency in Klang, Malaysia
- US Navy suspends Inchcape contract over suspicions of overbilling
- Bengal Tiger reminds Nov 15 Chennai-Singapore/Pt Klang rate in force
- US tells airlines to provide flight plans on entering China defence zone
- Amazon parcel delivery drone tested, but regulatory snags lie ahead
- Delaware to seek bids on enlarging civilian cargo space near USAF base
- Lithuania Post parcels up 46pc, incoming mail rises 22pc in 8 months
|DECEMBER 4, 2013|
- BLPL Singapore wins Enterprise 50 award for second consecutive year
- Rickmers-Linie reiterates commitment to India at trade meet
- Coir exports likely to touch INR 1,200-cr. mark, says Coir Board
- India Natie portal launched
- NMPT set to handle 3 main line box vessels this month
- Exports are flattened by our ports
|DECEMBER 5, 2013|
- Saudi Railways orders 500 wagons in USA
- Air cargo resumes fragile recovery
- Concerns over P3 continue
- Sagitair invests in new joint venture
- Russia and Vietnam cooperate in rolling stock production
- Dutch air cargo award for van Loon
- Kukla bundles third-country transport services
- MSC aims to increase activities in Antwerp
- Fiege providing warehouse services for Bosch in China
- New truck range for India
- Cargolux launches Mali operation
- DGX amends management team
- DHL plans new logistics hub at Manchester's Airport City
- Swiss transport industry agrees on terminals strategy
- Air Seychelles announces international expansion
- ICS addresses CO2 emission regulations
|DECEMBER 4, 2013|
- INTERTANKO welcomes IMO move on BWMS dates
- SCA launches "Save Our Ships" campaign
- Advanced fishing vessel to have MAN power
- Swissco orders three more
- Wärtsilä launches two-speed marine gearbox
- Response to sunken towboat continues
- Class NK fleet sails past 220 million gt mark
|DECEMBER 5, 2013|
- City, Port of Bellingham Ok plans for Waterfront District
- DOC data shows gains in US exports during October
- Seattle-based CG cutter returns from anti-drug patrols
- ARO teaming with Foss Maritime for Alaska business joint venture
- Diana Shipping announces charter of dry bulk vessel m/v HOUSTON
|DECEMBER 4, 2013|
- Genmar finds benefactors and relief from lenders
New investor supplies $200m of fresh equity
- New romantics meet new money at ICAP shipping's charity bash
Festive brokers ponder cash flooding shipping as stars raise funds for good causes
- Sri Lanka bans terminal handling fees and surcharges
Colombo responds to shippers' lobbying efforts
- Sanctions, civil wars and shale gas cast a long shadow over Opec summit
Observers ponder Iranian and Iraqi export prospects as oil ministers meet in Vienna
- Taiwanese owner helps VLCC spot earnings revisit last week's highs
Middle East-Asia fixtures top $50,000 per day
- Zim talks to G6 about co-operating on the transpacific trades
Israeli line could build on existing Grand Alliance partnership
- Three more Offen boxships are declared insolvent
UPDATE: founder confirms Niebäll district court has pulled the plug on KG vessels
- China Rongsheng issues profit warning
Revenue decreasing because of 'conservative sales strategy', yard claims
- G6 Alliance could take 40% market share on the transatlantic
UPDATED: shippers urge regulators to prevent two groups gaining a stranglehold
- Shipping draws closer to fuel-consumption reporting
Revealing bunker bills is the most popular first step to develop measures to cut CO2
- Idle box fleet hits seven-month high
Nearly 3% of the world's container capacity laid up ahead of winter low
- Coscol heavylift vessel arrested in Singapore
Legal representatives from Incisive Law seize 2011-built Da Cui Yun
- Rena report shows New Zealand casualty response shortcomings
Government pledges more resources for national maritime agency
- Cosco Corp wins order for two bulkers
State giant's shipbuilding unit signs $54m deal to build 64,000 dwt ships
- Boxship order values on course for fourfold annual growth
Clarksons predicts 2013 record after $19bn worth of contracts placed in first 10 months
- Awilco LNG set to convert older tonnage into floating storage
Decision responds to an influx of gas carrier newbuildings
- Eitzen Chemical bank debt changes hands as company seeks new capital
Tanker specialist working to raise equity and restructure $916m debts
- STX Corp chief executive stands down as restructuring continues
Choo steps aside as conglomerate seeks a deal for $317m debts
- Navig8 Chemical Tankers books six more chemtankers
Navig8 and Oaktree joint venture now has 18 vessels on order at Hyundai Mipo
|DECEMBER 4, 2013|
- Timor takes Australia to court
Timor-Leste is taking Australia to court alleging it spied to gain commercial advantage during the 2004 negotiations for a A$40Bn ($36.4M) oil and gas deal on behalf of Woodside Petroleum
- Gdansk yard delivers business plan
The owner of Poland's historic shipyard of Gdansk has reportedly delivered a business plan for the troubled plant to the government-owned Industrial Development Agency (ARP) to offset fears of impending bankruptcy
- ZIM in talks with G6
Zim Integrated Shipping Services is in talks with the G6 Alliance to expand its presence in the Asia-US Pacific Northwest trade, the Israeli box carrier revealed today
- Sri Lanka prohibits THCs
Sri Lankan government has asked shipping lines not to collect terminal handling charges (THCs) and other surcharges from January 2014, in response to long-standing demands by shippers
- Panama Canal grain cargoes surge
Dry bulkers are moving record grain volumes through the Panama Canal due largely to a high-yield US harvest
- DFDS puts out fire on ro-ro
A fire that broke out early this morning on board the ro-ro vessel Corona Seaways has been put out
- NewLead jumps on 'eco' bandwagon
Even the smallest public players are acquiring fuel-efficient newbuilds, with NewLead Holdings announcing its entry today
- Cargotec raises €74m in equity
Finland's marine cargo equipment handling maker Cargotec announced that it will raise €74M ($100.4M) gross by placing nearly 3M of its class B shares with selected domestic and international institutional investors
- TransAtlantic shareholders take up 99% of rights issue
Shareholders in Rederi AB TransAtlantic, the loss making listed Swedish shipping company, have subscribed for 99% of the shares the company offered via a rights issue
- Eurotunnel delighted by Dover port ruling
Channel tunnel operator Eurotunnel has said that it is "delighted" at the decision of Britain's Competition Appeal Tribunal to quash a previous ruling that banned French ferry operator MyFerryLink from the port of Dover
- Gazprom loses LNG export monopoly
President Vladimir Putin has signed Russia's new law eliminating Gazprom's seven-year monopoly on exports of LNG
- K+N names new CFO
Leading ocean freight forwarder Kuehne + Nagel has named a successor for its chief financial officer Gerard van Kesteren who will retire in summer 2014
|DECEMBER 4, 2013|
- Freight Volumes Stronger than Expected for ODFL
Trucking demand was stronger this fall than Old Dominion Freight Line expected, pushing up tonnage and revenue, the less-than-truckload carrier said Tuesday. The gains reported by the Thomasville, N.C.-based trucker may indicate the U.S. economic recovery is gaining some speed and traction in the fourth quarter. The tonnage ODFL handled per day...
- NY-NJ Port Plans Performance Task Force
The Port Authority of New York and New Jersey is organizing a Port Performance Task Force comprising a cross-section of industry representatives who will recommend ways to make the port run more smoothly. The impetus for the new group was last summer's operational delays, which resulted from a combination of computer...
- US Intermodal Rates Tumble as Peak Season Ends
Top 36 lane index, week of Dec. 2, 2013 Full-size image An index of U.S. intermodal rates fell more than $100 in the week ending Dec. 2, as all four directional indices decreased. The overall index rate of the top 36 U.S. lanes was down 5.1 percent, or $108, at $2,019, according...
- Rep. Blumenauer Introduces Bill to Double Federal Gas Tax
Rep. Earl Blumenauer, D-Ore., this week introduced a bill that would double the federal gas tax and another to push the federal government to look further into raising highway construction funds on the basis of how far trucks travel. The introduction of the two bills comes as Congress grapples with the...
- Universal Truckload Services to Acquire Westport Axle
Universal Truckload Services will acquire Westport Axle from a Brazil-based industrial group, gaining new inroads into truck manufacturing and access to more industrial freight. Universal, No. 26 on JOC's ranking of the Top 50 Trucking Companies, plans to acquire Westport, a warehousing and distribution trucking company owned by SM Brasil Participações,...
- West Coast Volumes Down Year-Over-Year in October
Container traffic at West Coast ports declined 3 percent in October compared to the same month last year. Imports were down 4 percent and exports dropped 2 percent. October 2012 was somewhat of an anomaly, though, as contract negotiations between East Coast employers and the International Longshoremen's Association had broken down...
- Indian Regulator Again Delays Nehru Port Rate Hike
India's port regulator Tariff Authority for Major Ports has again deferred its decision on a proposal to increase service rates at the Port of Jawaharlal Nehru until Dec. 31, citing "continuing delays" in procedural requirements that are to be complied with by the port authority. "Recognizing that Jawaharlal Nehru Port Trust has...
- China PMI Indicates Expansion, But New Orders Fall
China's official PMI indicated expansion during November, but the new orders sub-index lost ground and there are signs that GDP growth rates will slow this quarter, according to analysts. The official November PMI was unchanged from October at 51.4, with a score of above 50 indicating growth. The output and finished goods...
|DECEMBER 4, 2013|
- Cathay wins judge's OK
A US federal judge has given Cathay United Bank the green light to preserve a freeze on a plot of property owned by Taiwan shipowner Today Makes Tomorrow (TMT).
- ISC stacks the shelf
International Shipholding Corp of the US has laid the foundation for more Wall Street fundraisers.
- Petredec hires VLGC
Qatar Shipping Company appears to have secured employment for one of its very large gas carriers (VLGCs).
- Cota loses lawsuit bid
The pilot at the helm of the Cosco Busan when it hit a bridge off San Francisco has lost a legal fight to re-obtain his merchant mariner credential.
- Blue Sea pens China PSVs
Low-profile Norwegian offshore shipowner Blue Sea Group is thought to be behind the contract for two platform-supply vessels (PSVs) that were revealed to be on order in China after Rolls-Royce announced its part in the deal.
- Severnaya raided
Officers from the Russian Investigative Committee (RIC) in St Petersburg have searched the offices of Severnaya Verf shipyard as part of a fraud probe.
- Boa banks NOK 500m
Boa Offshore has completed a refinancing trip to the Norwegian bond market.
- WBULK a 'dividend machine'
Predictions for a steep rise in profit and a strong dividend have led Pareto Securities to begin coverage of Western Bulk with a buy rating.
- Clearlake takes Diana cape
Diana Shipping has confirmed a fixture for a capesize vessel at the centre of a long-running charter dispute.
- Varun buys more time
India's Varun Shipping has clinched new funding that will pay back-wages to crew and allow it to drydock ships.
- Double trouble for DFDS
Firefighters have tackled a blaze on a second DFDS ro-ro in a little over two weeks.
- NewLead adds handysize
Fresh from a new debt deal, Greece's NewLead Holdings has made its move into the eco-arena with a handysize purchase.
- Dover ban delayed
The UK's competition appeal tribunal has temporarily overturned a ruling banning French operator MyFerryLink from the port of Dover.
- Miracle rescue revealed
Amazing video footage from a diver's helmet has shown the moment the hand of a sunken tug's cook reaches out to his rescuer after 72 hours trapped underwater.
- Swissco back for more
Fast expanding Swissco Holdings is adding three more offshore support vessel newbuildings to its fleet.
- NCL owners in the money
Three investors in Nasdaq-listed Norwegian Cruise Line Holdings are set to bank up to $841m after pricing a public stock offering.
- Two more for Cosco
Cosco Corp (Singapore) continues to build on its bulker orders with the addition of two more ultramaxes.
- Rongsheng warns of loss
Shipbuilder China Rongsheng Heavy Industries has warned investors it faces a "substantial" loss for 2013.
- Royal seals funds
Royal Caribbean Cruises has wrapped up financing for its third Quantum-class newbuilding on order at Meyer Werft shipyard.
- Capital likes BW LPG
US investor Capital Group has emerged as a significant shareholder in recently listed BW LPG, it emerged Wednesday.
- Panama's grain gain
The volume of grain being shipped through the Panama Canal has reached its highest level for two years.
- Cosco confident of profit
Giant shipowner China Cosco Holdings Co (CCHC) believes it has done enough to save its stock listing after clinching two vital asset disposals.
- France okays guards
France will finally allow security guards on its ships to boost anti-piracy efforts.
- SDLP plans share sale
Seadrill Partners (SDLP), the Seadrill MLP spin-off, is looking to sell an initial 12.9m shares to fund acquisitions.
- New chief for MPA
Andrew Tan Kok has been named as the new chief executive of Singapore's Maritime and Port Authority (MPA).
- Cosco ship arrested
A Cosco Shipping (Coscol) operated general cargo vessel has been arrested in Singapore court documents show.
|DECEMBER 4, 2013|
- Agency report finds NMB lacking
- Truck carrying radioactive waste stolen in Mexico
A truck carrying radioactive waste from a hospital in Tijuana, Mexico, to a waste storage center has been stolen, according to the International Atomic Energy Agency. The truck was stolen in Tepojaco, near Mexico City.
- Transportation industry pretty social
- JAXPORT set to handle big project cargo
The Port of Jacksonville said $12.4 million has been spent over the past 18 months improving the heavy lift cargo berth at JAXPORT's Blount Island Marine Terminal. The project more than doubled the capability of JAXPORT's Berth 31.
- Metzler to lead marketing for uShip
- Descartes reports higher revenues
Descartes Systems Group said it had a profit of $2.2 million in the third quarter, but said net income was negatively impacted by $600,000 by the integration of KSD Software Norway, a company it acquired in 2012.
- NYSA fires back at Waterfront Commission
- Hapag-Lloyd expands Caribbean service
- Redwood City port considers carbon black plant
The plant will produce about 180 metric tons per year, which will be packaged into large sacks and loaded on to trucks (25 truck trips annually) for shipment to customers, according to the port.
- APC opens West Coast facility
- Executive moves
|DECEMBER 4, 2013|
- Malta's corruption rating slips as bunker trial continues
Corruption allegations in bunker sector have 'rocked' the Mediterranean nation.
- Fujairah prices climbing
Cape Town: MGO avails tight
- Mid-week prices mainly firm across Europe
Hamburg operations threatened by strong winds.
- Bunker player secures $28 million loan
UK-based MGO distributor will use funds to develop its new terminal.
- Bunker spills should expose operators to 'unlimited liability'
Canadian government urged to scrap $151 million cap.
- Asian bunker prices lose direction
Tight supplies reported in Hong Kong, Busan and Tokyo Bay.
- Bunker player could buy Black Sea terminal
Decision will be taken this month.
- Iran eyes bigger slice of regional bunker market
Iranian companies to propose 'new formula' for Gulf fuel oil sales.
- Going 'eco' a sound investment, says shipowner
Fuel-efficient newbuilds to boost company's bottom line.
- Wartsila in Chinese dual fuel move
Finnish player to work on LNG-powered ship project with Chinese partners.
- Big player aims for marine engine market
Manufacturer to adapt its railway engines for ships.
- Singapore ship arrest
Chinese operator sees vessel detained.