What price an outbreak of box unity? It is in carriers' interests to halt self-destructive Asia-North Europe competition
Charters face accounting treatment shake-up But ambiguity remains on key points, says shipping accountant
Bareboat deals offer more clarity Firms chartering-in tonnage can expect lower operating costs but higher interest charges
Managing the change Changes in companies' balance sheets and income statements will have biggest impact
Nor-Shipping: Wärtsilä chief slams regulatory confusion Technology suppliers need rule certainty for research and development investment
Spot rates tumble on Asia-US west coast trade Slump puts new pressure on carriers as contract season drags on
Scorpio fills shipyards' product tanker slots to block its rivals It is 'logistically impossible' for competitors to secure quality newbuildings, says Bugbee
G6 drops Damietta for Port Saïd Alliance shuffles Egypt port calls on Asia loops
APM Terminals invests in Indian inland services AP Moller-Maersk unit expects 30% growth this year
Owners at risk of employing unqualified armed guards UK factory raid uncovers 'stacks' of security officer and firearms competency certificates
Middle East VLCCs face rate slump after a year of highs June loading programme ends leaving surplus vessels fighting for employment
Fake certificates cast doubt over liability for fatal incidents Forged documents spell legal minefield for a disputed case like the Enrica Lexie shootings
Nor-Shipping: Industry group urges Japan's marine equipment makers to consolidate Mergers will help manufacturers to compete against larger overseas rivals
South Korea grabs LNG to avert power shortage Gas imported to offset loss of nuclear power
Nor-Shipping 2013: We told you so, says ICS International Chamber of Shipping warns IMO to listen to industry more to avoid new confusion over green rules
Clarksons trims box trade growth forecast yet again Africa and intra-Asia regions are bright spots
Nigeria LNG export hiccups could boost expected Angola demand Angola waits in the wings as shipments from Nigeria slide
Hands-off in Japan Rival shipbuilding states should heed country's low-key approach to subsidies
STX Pan Ocean chief steps down Change follows parent company's failure to find takers for stake in ailing dry-bulk arm
Japan's buoyant shipyards raise their profile at Nor-Shipping Tokyo backs builders' push into offshore but retains a hands-off approach
K Line orders two LNG carriers on long-term charters bound for Ichthys Ships to be built at Mitsubishi and Kawasaki for 2016 delivery
Qingdao Port linked to $300m IPO in Hong Kong World's seventh-largest port by throughput said to have chosen underwriters
Top class Industry jostles for position as DNV and Germanischer Lloyd tie-up sets a new agenda
Peru terminal orders new container cranes Super post-panamax ship-to-shore crane and two RTGs ordered from Liebherr
Saadé seeks 9 of 16,000teu CMA CGM was reported today to be planning to add six more 16,000teu vessels in addition to the three it already has in service
Statoil contracts rigs at Samsung HI SAMSUNG HI has been contracted to build two Category J rigs, which KCA Deutag Drilling Norway will operate
Trading of STX Pan Ocean's shares frozen STX PAN Ocean has suspended trading of its shares on the Korea Exchange and the Singapore Exchange, amid rumours it is nearing or corporate rehabilitation
NAT touts ExxonMobil tie NYSE-listed Nordic American Tankers today confirmed a pivotal continuation of its commercial agreement with oil major ExxonMobil
US raises MODU oversight MODU safety oversight shared by two US agencies has been more clearly defined
Pipeline altering China's flow of energy imports A PIPELINE is opening that will enable China to slash how much of its energy imports need to be shipped through the Strait of Malacca
Japan's Iranian crude imports plummet 96% JAPAN'S intake of Iranian crude oil dived 96% year on year in April, according to Tokyo's economy, trade and industry ministry
12 workers rescued in Fujian repair blaze A DOZEN crew and yard workers have been rescued after a reefer ship caught fire while being repaired at Fujian Mawei Shipbuilding in China
Keppel shares graded up CIMB Securities has raised its appraisal of Keppel shares from 'neutral' to 'outperform', with expectations that yard margins will continue to exceed targets
Shin Yang swings to losses MALAYSIAN shipowner and builder Shin Yang Shipping filed losses of 3.9M ringgit ($1.3M) in its quarter ended 31 March, which mainly were tied to low freight rates and high bunker costs
Horizon Lines Names Hamlin EVP, Chief Operating Officer William A. Hamlin, new executive vice president and chief operating officer for Horizon LinesHorizon Lines has promoted William A. Hamlin to serve as executive vice president and chief operating officer. Hamlin, who was hired as senior vice president of operations by the container line in March 2011, will continue to report...
Saltchuk Resources Acquires Carlile Transportation Systems Saltchuk Resources, a Seattle-based family of transportation and petroleum distribution companies, has acquired Carlile Transportation Systems, a trucking and logistics company in Alaska. The transaction closed May 31, 2013 for an undisclosed price. Carlile will remain a standalone company headquartered in Anchorage, and its 700 employees will join Saltchuk's national team. It...
Class 8 Truck Orders Dipped in May North America's Class 8 truck net orders in May reached 22,541 units, dropping 2 percent compared with the previous month, according to FTR Associates' preliminary data. "This is a positive sign for this time of year as we tend to see orders drop heading into the summer months," said Eric Starks,...
Canada's Imports Hit Record High in April Canada's merchandise imports in April rose 1.2 percent month-over-month, while exports edged down 0.2 percent, resulting in a trade deficit of C$567 million (about US$548 million), compared with C$3 million in March, according to Statistics Canada. Imports rose for the fourth consecutive month to a record high of C$40.8 billion, driven...
House Rails Against Port Feasiblity Study Delays WASHINGTON - A House committee on Wednesday decried how long it takes for the U.S. Army Corps of Engineers to complete feasibility reports for port and inland waterway projects, but took the rare step of admitting Congress was partly at fault for the onerous process. The House Transportation and Infrastructure Subcommittee's...
Lineage Logistics to Build Refrigerated Warehouse in California Lineage Logistics will begin construction of a new 420,000 square foot multi-use cold storage warehouse in Colton, Calif. The work will begin this summer, and the facility is expected to open by May 2014. The warehouse, situated between Interstate 10 and I-60 in the Inland Empire, will be located on the...
Containerized US Furniture Imports Jump 7.6 Percent U.S. Furniture ImportsContainers of furniture imported through U.S. ports increased significantly year-over-year in the first quarter of 2013, rising 7.6 percent or 37,722 20-foot-equivalent units, the sixth consecutive quarterly year-over-year increase. Imports totaled 532,943 TEUs, compared with 495,222 TEUs in the first quarter of 2012. In the first quarter of 2013,...
Four STS Cranes Arrive at GPA's Garden City Terminal Four new super-post-Panamax, ship-to-shore cranes today arrived at Georgia Ports Authority's Garden City Terminal at the Port of Savannah. The cranes, designed by Konecranes in Finland and assembled in Nantong, China, can reach across vessels 22 containers wide and lift cargo weighing up to 65 long tons to a height of...
CUSTOMS Info Global Data Mining Names Gersper as Chairman CUSTOMS Info Global Data Mining has promoted Matt Gersper to chairman of the board. The new position was created as a result of the merger and reorganization of CUSTOMS Info and Global Data Mining. Gersper will be responsible for leading the development of the newly merged company's strategic and tactical business plans. Gersper,...
PNW Opportunities Grow on Grains - and Bakken Shale Moffatt and Nichol Chief Economist Walter Kemmsies sees the growing middle class in countries such as China and India presenting unlimited potential for agricultural exports from the U.S., as long as supply chain costs remain competitive. "Every additional cost hurts exports," Kemmsies said, referring to transportation issues such as equipment shortages,...
Drewry Trans-Pacific Rate Gives Up Most Recent Gains Drewry Container Rate Benchmark, June 5, 2013 Full-size image Drewry's Hong Kong-Los Angeles Container Rate Benchmark fell $193 this week, effectively losing 77 percent of the $250 increase from the May 21 GRI. Rates in this lane had achieved 62.5 percent of the proposed $400 per-40-foot-container GRI by USL and CMA CGM,...
James Street Associates Appoints Linda Thielke Communications Manager BLUE ISLAND, IL-June 5, 2013 (James Street Media Services)-James Street Associates, a U.S.-based logistics and transportation marketing agency, has announced the appointment of Linda Thielke to communications manager. Thielke manages a wide range of marketing communications services across the James Street B2B client group, which includes leading logistics and transportation companies. "Linda...
Millard Refrigerated Services Sells Two Canadian Facilities Brookfield Asset Management, through its private equity group, has acquired the stock of Millard Refrigerated Services - Canada. The sale, which closed May 31, 2013, includes the Millard facilities located in Brampton, Ontario, and Calgary, Alberta. Financial terms were not disclosed. Millard, a reefer warehousing and distribution company, plans to use the...
Purolator Unveils US-Canada B2C Shipping Service Purolator International has introduced PuroPost for business-to-consumer shipments between the U.S. and Canada. PuroPost guarantees service to residential locations in Canada within two to eight days. It provides B2C shipping services to all Canadian postal codes. "In addition to our existing features, our partnership with Canada Post, Canada's primary mail delivery service,...
Watco Companies Appoints McKenzie as EVP, CFO Watco Companies has named Matt McKenzie as executive vice president and CFO. McKenzie has been serving as interim CFO since July 2012. He will continue to oversee the company's finance, accounting, treasury and investor relations divisions, and he will also assume responsibility for the performance management, information technology and operational analysis...
Union Pacific Invests $20 Million in Rail Line Union Pacific Railroad has started work on a $20 million project that will improve the rail line between Chester and near Scott City, Mo. The project, funded entirely by the Class I railroad, aims to strengthen infrastructure in Illinois and Missouri by replacing 39,400 railroad ties, installing 11,100 tons of rock...
PNW Grain Dispute Heads North International Longshore and Warehouse Union grain workers who have been locked out of the United Grain terminal in Vancouver, Wash., since Feb. 27 brought their fight north this week by gaining the support of ILWU Canada workers in Prince Rupert. Three ILWU Canada locals held an informational picket in Prince Rupert...
SFO Names Doug Yakel as Public Information Officer SAN FRANCISCO - June 5, 2013 - San Francisco International Airport has named Doug Yakel as its new Public Information Officer, effective immediately. The Public Information Officer serves as SFO's primary spokesperson for internal and external communications, represents the Airport at various community outreach forums, and will develop content and programs...
PTA Holdings to Buy Intermodal Container Carrier PTA Holdings is in negotiations to purchase a U.S. trucker of ocean containers. The trucking company serves port and rail hubs located in Illinois and Wisconsin, operating with company and owner-operator tractors and company-owned chassis, PTA Holdings said. PTA Holdings, which focuses on the automotive and transportation industries, intends to acquire more...
Avtrade selects DB Schenker to provide logistical support in the Gulf and Asia regions (Berlin/Dubai/Singapore, 5 June 2013) Avtrade, a leading component support expert with UK headquarters and operations in Dubai, Moscow and Singapore specializing in tailor-made aircraft support solutions, has contracted DB Schenker to store, manage and provide local logistics services to support their Dubai and Singapore operations. This will endorse Avtrade's commitment to offer...
Fredriksen charts IPO Frontline 2012 will complete its long-awaited stock listing in the US within six to eight months, John Fredriksen says.
Expansion drive continues A joint venture backed by two of Greece's leading towage and salvage contractors has been linked to the acquisition of a terminal tug.
Delos scouts Jones Act arena Delos Shipping of the US has emerged as one of the many private equity firms that are looking for opportunities to penetrate the Jones Act product tanker market.
BDI set to fall below 800 A key Baltic Exchange dry cargo freight index may well fall below the psychological threshold of 800 tomorrow (Thursday).
TOTE targets Title XI Totem Ocean Trailer Express (TOTE) has turned to the US government for the cash it needs to fund two containerships under construction at General Dynamics Nassco.
Siem extends banana run Siem Shipping has extended a contract to transport bananas for a Russian company.
Mednav sells up Mednav of Greece is in the market for new tonnage after sending its final panamax vessel to the scrapyard.
Booming bonds Oslo's bond market has been running hot for more than a year and it is likely to remain a viable option for shipping companies as banks are less inclined to lend, according to a leading analyst.
Jimei renewal complete A Chinese shipowner looks to have cashed in all of its older vessels as it prepares to receive a batch of kamsarmax newbuildings.
U-Ming profit slashed Taiwanese bulker owner U-Ming has seen first quarter profit tumble as revenue fell and costs stayed high.
Window to open An IPO window for strong shipowning companies like Frontline 2012 could swing open later this year, RS Platou Markets CEO Erik Helberg says.
W Africa targets pirates West African governments are putting their heads together to fight the growing scourge of piracy off their shores.
Big ships, bigger gamble Size matters when it comes to selecting the best investments in shipping today, according to a leading shipbroker.
NAT extends Exxon pact Herbjorn Hansson's Nordic American Tankers (NAT) has stretched a vital chartering facility agreement (CFA) with energy major ExxonMobil.
Corbetta makes Dof switch Former Hallin Marine chief Giovanni Corbetta is the new managing director of Dof Subsea UK.
Skuld happily spreading Douglas Jacobsohn says overseeing the expansion of Skuld means he has no time to entertain succession issues.
Navios poised for $250m Navios Maritime Partners is said to be closing in on a bank loan to fund new acquisitions.
More money available Shipping banks are loosening their purse strings and providing cash to the right clients, DNB says.
STX PO to file? Rumours of an imminent filing for court receivership by troubled bulker owner STX Pan Ocean forced a suspension of its shares on Wednesday afternoon.
Cost control is key Close control of operating costs and ensuring high utilisation rates are the greatest challenges to face today's offshore marine market and will remain so in the next few years, vessel owners have warned.
Fun while it lasts Owners should enjoy a spike in North Sea spot market rates while the sun shines, according to a leading broker.
Belships books supras Belships has placed an order for two fuel efficient supramax bulkers at Japan's Imabari Shipbuilding.
Oil-thirsty dinosaurs Shipowners should tread carefully when ordering eco ships to avoid creating oil thirsty dinosaurs, Andreas Sohmen-Pao says.
Visentini signs for duo China's AVIC Weihai Shipyard has won a double bulker deal from Italy's Giovanni Visentini Transporti.
PACD ties up $2bn Pacific Drilling, the Idan Ofer-controlled company, has announced the closing of three financing transactions worth $2bn.
Statoil picks Samsung Norwegian oil major Statoil has selected Samsung Heavy Industries to build two harsh environment drilling rigs.
Yang Ming in LA move Taiwanese liner operator Yang Ming has extended its lease at the Port of Los Angeles for an additional nine years.
Cass: Freight voulmes up in May North American freight volumes rose by 2.9 percent last month when compared to April, while expenditures stayed relatively flat at .04-percent growth. Year-over-year, May's shipment volume declined by 0.3 percent; expenditures dropped 2.6 percent.
Chairman: Collaboration key for global air cargo group
Air New Zealand drops price-fixing challenge
Drewry: Liner rate war could hurt service
FedEx speeds up aircraft retirements FedEx said it will move up the retirement date by several years for the planes, which include 47 MD10-10s, 13 MD-10-30s and 16 Airbus A310-200s. Two Airbus A310-200, three A310-300 and five MD10-10 aircraft will be immediately retired.
ART Logistics launches new sea-rail service Cargo is moved by sea from the ports of Jakarta, Port Kelang, Bangkok, Haiphong, Keelung and Singapore. Shipments are then routed by rail through the China corridor to the Kazakhstan border crossings of Dostyk and then on to Almaty.
INTTRA holds liner CIO summit in Paris
Saltchuk buys Alaska trucker Carlile Carlile's 700 employees will join Saltchuk's national team of 5,500 workers. Carlile will remain a standalone company headquartered in Anchorage. Other Saltchuk Alaskan firms include Totem Ocean Trailer Express and Delta Western.
Dynamic Oil Trading appoints new bunker trader Dave Goh joins team from Seabridge Bunkering and has extensive experience as trader in the marine fuels market.
OW Bunker announces new branch manager appointment Eric Hu previously spent two years as market manager for China/Hong Kong and ARA (Europe) at Brightoil Petroleum.
European prices stay on upward curve Gibraltar reported 'very strong demand' Wednesday morning, according to players.
Price of 380 cSt product still climbing in Fujairah Good demand in Middle East hub.
On board emissions testing will contribute to 'greener fleet' 'You can conduct tests, calibrate equipment, change settings and even troubleshoot while drinking coffee at Starbucks.'
Report: New bunkering facility in Gulf Iran is to develop bunkering facilities at the Shahid Rajee port complex.
Shipping industry warned of 'eco ship collective madness' Shipowner questions the sense of ordering newbuids at a time of overcapacity and weak demand.
Smaller bunker stems in 2012 IMO data suggest fuel oil stem sizes have shrunk while distillates stem sizes and tested volumes increased again.
Terminal creates more space for dirty product South Korea's Onsan Tank Terminal says it is responding to customer needs.
IFO prices trade firm in Asia Adequate avails reported at all key ports.
Russia sees room for Arctic development Prime Minister points to doubling of traffic along northern shipping route.
Brightoil outlines volumes for the next three years Firm expects to buy increasing volumes of fuel oil and crude oil.
International Bunkering appoints new head Former International Sales Manager Christoffer Berg Lassen will replace Carsten Ladekjaer as group CEO.
Propeller manufacturer highlighted in vessel awards Two vessels recognised by conference for using Voith Schneider propellers.
Buckeye bond offer Refinery owner putting $500 million in unsecured notes on table.
MSC updates bunker contribution charges New charges to take effect in July.
Alternative Alternatives While LNG has made a compelling case for itself as a future alternative bunker fuel, other options should also be thoroughly explored to ensure we do not place all our eggs in one basket.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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