NCL strong out of gate NEWLY NASDAQ-listed cruise player NCL today posted better than expected results for its first quarter as a public company
HHI clinches CSCL orders HYUNDAI Heavy Industries confirmed to Fairplay today that it has inked a $700M deal to build five 18,400teu box ships for China Shipping Container Lines
Zim to Add Norfolk Call to Pacific Service Zim Integrated Shipping Services is adding a Norfolk, Va., call to its Zim Container Service Pacific. The new rotation, effective in mid-June, will be: Savannah, Norfolk; New York-New Jersey; Halifax; Kingston, Jamaica; Los Angeles; Oakland; Vostochny, Russia; Ningbo and Shanghai, China; Busan, South Korea; Balboa, Spain; Kingston and Savannah The first vessel...
Towne Air Freight Names Sheridan-Rohasek COO Towne Holdings, a portfolio company of Charterhouse Group, has named Kim Sheridan-Rohasek chief operating officer. She will be responsible for all terminal operations, the line-haul network, central dispatch, information technology and Towne's logistics division. Sheridan-Rohasek joined South Bend, Ind.-based Towne in 2008 as vice president of the west region after Towne acquired...
Evergreen Shipping Agency (America) Returns to Jersey City Headquarters Evergreen Shipping Agency (America) will return to its headquarters building at One Evertrust Plaza on May 10, following major repairs caused by Hurricane Sandy damage last October. The North American agent for Evergreen Line had relocated its headquarters staff to a nearby facility while replacement of the building generators, necessitated by...
Container Lines 'Substantially Ready' for California Shore Power Most, if not all, of the container lines that call at California's ports are prepared to meet the state's revolutionary requirement to operate 50 percent of their vessels from shore-side electrical power while at berth beginning Jan. 1, 2014, the vice president of the Pacific Merchant Shipping Association said Monday. "I...
Ex-Horizon COO Keenan Cleared in Antitrust Case John V. Keenan, former chief operating officer at Horizon Lines, has been advised by the Justice Department that he has been cleared of antitrust violations in the Jones Act domestic shipping market. Keenan and former Horizon CEO Chuck Raymond received letters from the Justice Department that they were no longer subjects...
Matson Profit Jumped in First Quarter Matson, the Honolulu-based ocean carrier and logistics company, reported profit of $9.1 million for the first quarter, up from $3.8 million, on strong volumes in the Hawaii ocean trade and higher rates in its China service. Consolidated revenue increased to $394.7 million from $366.1 million a year earlier. Matt Cox, president and...
Study: Imports Support 16 Million US Jobs More than 16 million U.S. jobs depend on imports, according to a new study commissioned by the Consumer Electronics Association, the U.S. Chamber of Commerce, the National Retail Federation, and the American Apparel & Footwear Association. The economic impact study, which was prepared by Laura M. Baughman and Joseph F. Francois...
ABF, Teamsters Reach Tentative Pact ABF Freight System reached a tentative five-year contract with the Teamsters union May 3. The union and the less-than-truckload carrier did not release details on the agreement covering 7,500 ABF Teamsters employees. "No details will be released until leaders from ABF local unions meet in the near future to review the...
Dockworkers End Strike at Hong Kong Port Hundreds of dockworkers at the Port of Hong Kong on Monday voted to end a strike that had disrupted operations at the world's third-largest container port for six weeks. "We are pleased to learn that the striking dockers have accepted the 9.8 percent pay rise solution for all job types," Hongkong...
Jacksonville Reopens Search for Port CEO Juan Kuryla, the top choice to become the next CEO of the Jacksonville Port Authority, has withdrawn as a candidate, and the port authority has reopened its search to fill the post. The port authority board offered the job to Kuryla on April 22 and opened negotiations with the deputy port...
JOC Trucking Index Reflects Strong Hiring in April The JOC For-Hire Trucking Index through April 2013 Full-size image The Journal of Commerce For-Hire Trucking Employment Index rose nine-tenths of a percent in April, as the national unemployment average dropped to 7.5 percent. The JOC index jumped from 94.9 to 95.8, its highest reading since September 2008. The surge was the biggest...
Financial Winds Shift for CEVA Wherever CEVA Logistics heads from here, there is little doubt the world's fifth-largest third-party logistics company is in for a significant transformation. In many ways, that's already under way, with a new strategic mission and recapitalization plan forming the basis of an uncertain future. That uncertainty revolves around an 18-month stretch...
Atlas Air to Supply 2nd Freighter to Etihad Airways Etihad Airways is expanding its fleet with a Boeing 747-8 Freighter. The United Arab Emirates-based airline has signed a multiyear aircraft, crew, maintenance and insurance (ACMI) agreement with Atlas Air Worldwide to provide the airplane, which will be the largest in Etihad's freighter fleet, with a payload capacity of 138 tons. This...
Air Cargo Declines at San Francisco International Total cargo tonnage for San Francisco International Airport fell 13.5 percent year-over-year in March to 28,724 metric tons, despite growth in U.S. mail cargo. Domestic U.S. mail rose 7.4 percent year-over-year to 2,313 metric tons, but international U.S. mail tonnage declined 3 percent to 1,485 metric tons. Domestic cargo excluding mail plummeted 27.1...
CTS: North America Southbound Exports Decline Containerized exports from North America to Central and South America slipped to 154,200 20-foot-equivalent units in February 2013, according to data from Container Trades Statistics Ltd., the sixth consecutive month showing year-over-year declines in this trade lane. North America to Far East Asia North America exported 664,500 TEUs to Far East Asia...
Container Lines: Piracy Is Down But Still a Threat Container lines CMA CGM, Mediterranean Shipping Co., Maersk Line and Hamburg Süd have met to discuss the threat of piracy in the Gulf of Aden, the Indian Ocean and West Africa. At the meeting, the four carriers agreed the situation has improved, particularly as the result of a naval presence in...
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Second PNW Grain Terminal Locks Out ILWU Contract disagreements between the International Longshore and Warehouse Union and grain terminals in the Pacific Northwest accelerated over the weekend as Columbia Grain in Portland became the second facility where management locked out union workers. The United Grain terminal in Vancouver, Wash., locked out ILWU workers in February, charging that a...
Rotterdam Bunker Fuel Prices Rebound Bunker fuel prices - Rotterdam Full-size image Spot rates for high and low sulfur bunker fuel rebounded in the week of May 3 after sliding earlier in the month, according to daily Bunkervision price data via international marine fuel oil broker LQM Petroleum Services, Inc. The average price for high sulfur bunker fuel was...
Demolition destiny Scrapping may become increasingly attractive for tanker owners trading vintage tonnage in the months to come if rate pain persists, according to an analyst at Charles R Weber.
Praestensgaard exits HL Hapag-Lloyd appears to be on the lookout for a new operations chief following the abrupt resignation of Jesper Praestensgaard.
S&P slashes Zim Zim Integrated Shipping Services (Zim) made headlines Monday after Standard & Poor's downgraded three of the Israeli carrier's bonds.
High hurdles Product tanker owners must wait at least half a decade for utilisation to reach a level where earnings can record a sizable rise, DVB believes.
CH slides in the first CH Offshore's profit plummeted in the first quarter but the company insists its financial position remains strong.
E.ON fixes vintage PSV Viking Supply Ships of Denmark has secured employment for its oldest platform-supply vessel.
Petrobras pockets pair Norwegian offshore owners Farstad and Havila have secured charters as part of a long awaited contract award from Petrobras.
Union Transport files UK general cargoship owner Union Transport has gone into administration, with 100 jobs now at risk, it was reported on Monday.
Troubles mount at Global Loss-making Malaysian tanker owner Global Carriers is facing a share suspension after auditors queried its annual accounts.
More time for Titan A crucial hearing that could decide the fate of Hong Kong shipyard and FPSO group Titan Petrochemicals has been delayed again.
Stealth well set A promise of higher earnings and fleet growth has led Evercore Partners to kick off coverage of Harry Vafias-led StealthGas with a positive rating on the stock.
Ex-HSH chiefs charged Former HSH Nordbank boss Dirk Nonnenmacher and five other ex-executives are facing a fraud trial in Hamburg.
STX survival talks start STX group creditors began crisis talks today amid hope cash could be secured to help its various units repay bond debts.
Tankers raided Pirates have stolen cash and belongings from two tankers in attacks off Singapore.
No nationalisation The French government has rejected a call by unions to buy the STX France shipyard group, against the background of its Korean parent's restructuring.
Odfjell to extend loss Norwegian tanker owner Odfjell is tipped to post a deeper loss when it wheels out its first quarter results tomorrow.
Products push for GE Great Eastern Shipping has posted a much stronger annual profit as products tanker rates rose.
Reach gets richer Reach Subsea has picked up almost $20m from a private placement which will help fund the charter of a construction vessel from Solstad Offshore.
Siem Offshore dips Norway's Siem Offshore has posted lower first quarter profit as revenue declined, but rates are picking up.
OCBC cuts Cosco Sing A slack first quarter showing from Cosco Singapore has seen OCBC place a sell rating on the shipbuilder.
Pirates' double strike A Greek reefer has come under fire off West Africa, hours after a CMA CGM boxship was attacked in the same area.
Box trio feeds Russia Coscon, Hanjin Shipping and Yang Ming are teaming up to launch a new service from Hamburg to Russia and Finland.
Maersk loses TEU title Maersk Line has been dethroned as the owner of the world's largest container vessels following confirmation of China Shipping Container Lines' giant order at Hyundai Heavy Industries.
Listing cargoship lost All eight crew have been saved from a Vietnamese cargoship that sank off Hai Phong.
Sembcorp profits inch up Sembcorp Marine has seen modest growth in first quarter profits thanks to higher revenue recognition from rig building activities.
Leopard crew evacuated The crew of a Danish coaster held hostage in Somalia for over two years has been flown back to Europe.
Harvey spends $540m Harvey Gulf International Marine has invested another $540m in offshore vessel newbuildings with orders for three more vessels.
China Shipping ships to be larger than Maersk's 'Triple E' vessels Hyundai Heavy Industries (HHI) said five ships it will build for China Shipping Container Lines will be capable of carrying 18,400 TEUs. The vessels are scheduled to be handed over from the second half of 2014.
Toyota begins exporting from Port of Brunswick
Zim adds call in Norfolk Speaking during a reception for customers held in Elizabeth, N.J., Lea Bogatch-Genossar, president of Zim America, said the company's Zim Container Service Pacific (ZCP) is adding the Virginia port with the first call on June 15.
ACL ship damaged in fire Atlantic Cartier, one of the combination container-roll-on/roll-off ships operated by Atlantic Container Line in its transatlantic liner service, was damaged last week during a fire in Hamburg. Two hundred firefighters helped extinquish the blaze.
Kuryla turns down Jaxport CEO job
ABF, union reaches tentative deal
N.C. port touts new Latin American connections
Interlake to fuel Great Lakes fleet with Shell LNG
New service to connect Germany, Russia, Finland
Obama says FAA fix steals from airport upgrades "The only reason we're doing it is because right now we've got folks (in Congress) who are unwilling to make some simple changes to our tax code," said the president during the signing of the legislation.
Prices rising: Congestion in Gibraltar Public holiday in Piraeus.
Prices firming: Cape Town back in product for IFO Players say avails of 180 cSt in South African port are 'fine'.
WFS: Shipping 'held to a higher standard' on sulphur emissions IMO sulphur test verification guidelines are much stricter than those accepted for land-based transport and industries.
Continuous LSFO operation 'not financially viable' 'We would love to run on just one type of fuel' to avoid complications, operations manager tells IBC 34.
Marine logistics company enters Fujairah bunker market New player will focus on 'back-to-back' trading.
No provision for 'FONARs' in European ECAs MARPOL Annex VI non-availability clause excluded from revised EU sulphur directive.
Asian bunker prices on the rise Japan remains closed for a holiday.
CSCL's Triple-E containerships will be larger than Maersk's Contract for 18,400 TEU vessels goes to South Korea's Hyundai Heavy Industries.
H2S prevention method receives patent Metals in additive said to be 'effective component in preventing or mitigating the evolution of hydrogen sulphide'.
Condor Ferries hit by high bunker costs Company cannot afford to replace its fast ferry fleet while operating its current year-round schedule, says CEO.
US offshore firm builds sixth dual-fuel OSV Addition will enable the company to become 'largest owner and operator of clean burning LNG OSVs in the world', it claims.
IOC to discuss bunkering improvements at Trincomalee Both countries have agreed to 'fast track' joint venture arrangement, says IOC official.
Figures suggest Iranian bunker sales are falling Latest Iranian figures show annual sales running at 1.69 million mt.
Philippine shipping firm trims losses Costs and expenses increased 2% in 2012.
Netherlands firm launches bunker removal pump system Pump is 'answer' to future shipping regulations, says Van Heck
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