China Shipowners' Association slams speculative orders Funding should promote long-term industry development, not 'bottom fishing', says Zhang Shouguo
International rules for the use of force published The 100 Series offers no immunity against unlawful force
Counting the cost of lube oil Slow steaming and fuel efficiency measures reshape product requirements
EEDI verification training launched Dutch outfit creates first course that teaches engineers to fill mandatory role
Second MAN licensee reveals dual-fuel capabilities Mitsui and Hyundai build large gas-burning two-stroke engines for industrial-size tonnage
Marenave wins amortisation freeze No more payments on eight ships until 2016
Failure to pay punctually could be a breach of condition Decision goes against industry practice, says Clyde & Co
Europe's lost decade? Investors in ultra-large containership and deepwater ports have reason to be nervous
Lodestar on track for business goals after busy renewal period Service is equal to IG in certain respects, says Charles Dymoke
Choice narrows on the Channel Fresh blow for ferries as another one bites the dust
TMT-linked F Elephant fails to find buyer in Ningbo auction Buyers baulk at ore carrier's reserve price
Panalpina returns to profit Swiss logistics giant gains market share in ocean freight
Odfjell posts $13m first-quarter loss Deficit deepens on-year but results are better than analysts predicted
Boxship scrapping picks up pace But capacity will still be surpassed by newbuilding deliveries, says Alphaliner
S&P cuts Zim's rating to a fresh low Rating agency's Israel arm cuts credit rating from B to CCC
Hawaii uptick boosts Matson Reduced fleet deployment cuts costs
Bottom-fishing buyers beware With the industry facing disastrous supply, investment in cheap new ships is troubling
Asia-Europe box volumes fall Latest data shows 9.7% slide in March on weak European demand
RCL and MCC strengthen intra-Asia ties Partners launch contra-slot-swap for services from Hong Kong to Thailand and Vietnam
Owners must still vet internationally accredited armed guards International Organisation for Standardisation accreditation will not obviate responsibility for due diligence
Lightering drives up aframax rates Caribbean market climbs amid high demand for cargo transfers in US Gulf
Hapag-Lloyd loses chief commercial officer Praestensgaard will leave next month
Southern comfort Asia-Latin America trades are a temporary bright spot for box players
Mitsubishi Heavy and Chengxi Shipyard to join in ballast water system retrofitting Collaboration offers lower-cost option to IMO purification requirement
Hyundai Heavy confirms CSCL order for 18,400 teu vessels Update: Five giant vessels contracted from Hyundai for $137m apiece
Cargill switches cocoa contract from Hamburg to Amsterdam Weekly train shuttle wins out over road for cutting carbon
Indian cash buyers scramble to resell tonnage Breakers fear that a crash is coming after a spate of high-priced scrap deals
Carriers shift box strategy BOX LINES are moving back towards purchasing containers versus leasing, NYSE-listed equipment lessor Textainer said today
Kremlin forces out boss of USC yards UNITED Shipbuilding Corp's CEO has been forced by the Kremlin to quit
Triyards thinks smaller SINGAPORE-listed Triyards Holdings told Fairplay today it aims to seize a bigger share of the growing market for smaller rigs
Box spot rates still sliding SUPPLY pressures and a price war among carriers are continuing to cause spot container rate deterioration
Seadrill sells rig to spin-off SEADRILL Ltd said today it has agreed to sell the tender rig T15 to companies that own and operate it
SMM stays on 'hold' UOB KAY Hian and DBS Group Research maintained 'hold' ratings for Singapore-listed Sembcorp Marine as the yard's 1Q profits fell below expectations
Box service to link St Petersburg, Hamburg COSCON, Hanjin Shipping and Yang Ming will jointly operate a Russia/Finland box service starting on 19 May
Chinese yard to close COSCO (Lianyungang) Shipyard, COSCO Shipyard's joint venture with Lianyungang's port, will shut down, the port said today
Losses widen at Finnlines GRIMALDI'S Baltic subsidiary Finnlines has announced a share issue while also reporting a 53% year on year increase in 1Q losses
Barreras: no timetable on PEMEX stake deal BARRERAS told Fairplay today it has no timetable for a deal under which Mexico's government-run oil group PEMEX would take a 51% stake in the Spanish yard
BigLift, RollDock team up HEAVY-LIFT carrier BigLift Shipping and smaller competitor RollDock Shipping said today they are combining for transport of ultra-large and heavy modular cargoes
COSCO unit seen 'worse' UOB KAY Hian analysts noted today that Cosco Corp (Singapore's) performance is swinging from "bad to worse"
GE's profits rocket 110% GE SHIPPING has reported a 113% year on year rise net profits for its January-March quarter
HHI needs order momentum to accelerate HYUNDAI HI can expect more pressure on earnings unless the order momentum builds and ship prices pick up, a shipbuilding analyst warned today
Panalpina trades high profits for market share SWISS freight forwarding group Panalpina continued to acquire market share in global container freight management - but at the expense of profitability
Australia Recorded Trade Surplus in March In seasonally adjusted terms, Australia had a goods and services trade surplus of A$307 million (about US$312.5 million) in March, a turnaround of $425.5 million on the deficit in February, according to the Australian Bureau of Statistics. The sum of seasonally adjusted balances from January to March was a deficit of...
Report: Growth in Latin America Expected to Pick Up Growth in Latin America and the Caribbean is set to pick up from 3 percent in 2012 to 3.5 percent in 2013, fueled by stronger external demand, favorable financing conditions and the effects of earlier policy easing in the European Union and the U.S., according to the International Monetary Fund's...
Pitt Ohio Receives Eastman Chemical Supplier Excellence Award PITTSBURGH - PITT OHIO has been named a recipient of the Supplier Excellence Award from the Eastman Chemical Company for 2012, being the seventh time in a row. This award is granted to companies who maintain high quality services, achieve prompt delivery performance, create logistics value proposition, and exceed customer service...
Hassett Express Integrates FindMyFreight.com With H-Trac PHOENIX - FindMyFreight.com, a product of Freight Innovations, LLC, announces today that Hassett Express has integrated FindMyFreight.com into their transportation management application called H-Trac. Hassett Express is a leading provider of time-definite transportation solutions in the U.S. "We are excited about our new partnership with Hassett Express, states Brad Hockersmith, President...
Union Pacific Earns Nissan's 2012 Logistics Carrier Conference Logistics Success Story Award OMAHA, Neb. - Union Pacific Railroad earned Nissan Motor Company's 2012 Logistics Carrier Conference Logistics Success Story Award, which identifies carriers and providers that went above and beyond normal expectations in the past year. Union Pacific was among 15 carriers and providers recognized during the conference. Union Pacific created an optimized...
Intermodal China 2013 to be Held in September SHANGHAI - Intermodal China 2013 - Shippers' Summit will be held at the Hyatt on the Bund, Shanghai, China from September 24 to 25, 2013. The conference will attract over 500 leading companies in the field of logistics sector including ports, shipping companies, rail transportation companies, highway transportation companies, cargo...
ITI Board of Directors Elects Two New Members DENVER - At its recently concluded spring board meeting, the Board of Directors of the Intermodal Transportation Institute (ITI) at the University of Denver elected two new members. Elected to three-year terms were J. Burton (Burt) Wallace, President of Corporate Transportation for UPS, and Steve H. Townsend, President and Chief...
Tradewinds Joins Trucking Unlimited ARCADIA, Ind. - Using the immediacy and widespread access of today's Internet technology, TruckingUnlimited.com has become one of the industry's most prominent web sites to revolutionize the recruiting process and provide a solution to today's growing truck driver demand. With the simple objective of connecting the best matching candidates to...
A. Duie Pyle Selects AssetWorks Fleet Management Software System to Manage Diverse Fleet WAYNE, Penn. - AssetWorks, a leading provider of fleet management software, automated fuel management systems and motor pool and car sharing management systems, announced today that A. Duie Pyle (ADP) has contracted to purchase AssetWorks FleetFocus Fleet Management Software, FleetFocus, to manage their diverse and growing fleet. "In our business of...
New England Motor Freight Receives the 2012 Carrier of the Year Award ELIZABETH, N.J. - New England Motor Freight (NEMF) announced today that they are the recipient of the National Shippers Strategic Transportation Council (NASSTRAC) Northeast Regional LTL carrier of the year award. The award, sponsored by NASSTRAC and Logistics Management magazine, recognizes carriers that demonstrate excellence in performance and results. Recipients...
Senate Bill Would Extend Truck Size Limits to All Highways U.S. Sen. Frank R. Lautenberg, D-N.J., today reintroduced legislation designed to keep bigger, heavier trucks off all highways. S. 876, the "Safe Highways and Infrastructure Preservation Act of 2013," would apply existing federal truck size and weight limits - a maximum of length of 53 feet with a weight of 80,000...
Port of Seattle Appoints Beckett as Deputy CEO Tay Yoshitani, CEO of the Port of Seattle, has promoted Kurt Beckett to the role of deputy CEO. Beckett will be primarily responsible for port infrastructure development and internal operations. He will direct the port's public affairs, organizational performance, small business development, social responsibility, law enforcement and capital development teams. Beckett has...
US Intermodal Rate Indices Hit 2013 Low Year-to-date 2013 changes in U.S. directional indices Full-size image The east-west intermodal index fell below where it stood at the beginning of 2013, putting all four directional U.S. intermodal indices below that of the first week of the year, according to data on all-inclusive 53-foot door-to-door spot pricing quoted by railroads and provided by...
Maersk Line Ltd. Upgrading Container Ship Fleet Maersk Line Ltd. has purchased and is currently reflagging eight newer and larger container ships to upgrade the ocean transportation services provided to its U.S. military, government and commercial customers. The carrier's investment of about half a billion dollars in eight vessels will enhance services to the Middle East and Mediterranean...
NRS to Provide Savannah Transload Operation for Pep Boys Pep Boys, the automotive aftermarket service and retail chain, has selected National Retail Systems to provide an import container transload solution at the Port of Savannah, Ga. NRS, a logistics services provider for U.S. retail, pharmaceutical and consumer goods manufacturers, will dray Pep Boys' container imports from the port to the...
Kerry Logistics Opens Packing Center for Godiva in Hong Kong Kerry Logistics has opened Godiva's Travel Retail Asia Packing Centre at a temperature-controlled logistics facility in Hong Kong. The facility handles the packing and logistics of Godiva's chocolates for all of their travel retail customers throughout the Asia-Pacific region. The partnership between Godiva and the supply chain company, which started in 2009,...
MOL to Launch Asia-Mexico Service in June Mitsui O.S.K. Lines will launch a new weekly Asia-Mexico Express Service, via a service operated by Hapag-Lloyd. AME's port rotation will be as follows: Ningbo, China; Shanghai; Busan, South Korea; Yokohama, Japan; Ensenada, Manzanillo and Lazaro Cardenas, Mexico; and returning to Ensenada, Yokohama and Ningbo. Turnaround time will be 49 days, and...
US Containerized Exports Ebb U.S. containerized exports through January 2013 Full-size image U.S. containerized exports fell in January following a positive December, according to advance figures from PIERS, a JOC sister company. Total U.S. containerized exports fell 2.4 percent in January 2013 compared to January 2012, to a total of 956,000 20-foot-equivalent units. Exports slipped 8.4...
MLL seals $500m raid US operator Maersk Line Limited (MLL) has acquired eight containerships from AP Moller Maersk of Denmark.
Genco torches rumours Shares of Genco Shipping & Trading plummeted in early trading Tuesday on the back of reports that the US bulker owner has hired advisors to spearhead a financial restructuring.
Boskalis bags Shell gig Royal Boskalis Westminster has been handed a $60m contract by Shell for work in the Philippines.
Matson outlook improves Matson's outlook is looking brighter after a rebounding Hawaiian economy helped push the Honolulu liner operator's first-quarter profits above expectations.
Finland in at STX? Finnish prime minister Jyrki Katainen says the state could take a stake in STX Finland as Korea's STX group seeks a buyer.
Scrapping at record high Containership scrapping is on course to reach record levels this year with bigger and younger vessels being sent to the breakers yard.
MR window closing Rising prices and the filling up of shipyard capacity are closing the window for ordering product tanker newbuildings, d'Amico International Shipping says.
Meet HHI's little helper Korea's Hyundai Heavy Industries (HHI) is ready to introduce its secret cost-cutting welding weapon.
NCL makes winning start Norwegian Cruise Line (NCL) has made a winning start to life as a listed company.
Buyer sought for Union Administrator BDO is hoping to find a buyer for struggling UK cargoship owner Union Transport in a bid to keep it trading.
Cosco Corp yard killed Cosco Corp (Singapore) is giving up on its loss-making conversion and shiprepair yard in Lianyungang, China.
MOL's Mexican mission Japan's MOL is taking space on Hapag-Lloyd's box run to Mexico.
Finnlines in cash grab Grimaldi-controlled Finnlines is raising close to $40m via a new share sale after logging a bigger first quarter loss.
DIS riding high Italy's d'Amico International Shipping (DIS) has posted its best quarterly profit for four years as products tanker rates hit levels not seen since the start of 2009.
DIS cedes MR control Italy's d'Amico International Shipping (DIS) is teaming up with its parent to own an MR newbuilding ordered at Hyundai Mipo in Korea.
Odfjell deficit deepens Norwegian chemical tanker owner Odfjell posted a deeper first quarter loss but the deficit wasn't as bad as analysts predicted.
Aker Phil on the up Aker Philadelphia Shipyard is making money again as work on new tankers continued in the first quarter.
Algoma cuts loss Canadian tanker and bulker owner Algoma Central Corporation has reduced its first quarter loss despite a revenue drop.
Shake up at Bergen Bergen Group has named a new chief executive officer that will see the company focus more on the offshore sector.
Orsova prospects brighter Romanian shipyard Santierul Naval Orsova (SNO) is hoping to return to profit in 2013.
Vinalines falls short Loss-making Vietnamese state owner Vinalines has sold only three of 23 ships it has put up for sale.
Tug sinks off US A US tug has sunk after hitting a submerged object off Baltimore.
MCC and RCL swap slots MCC Transport, Maersk Line's intra-Asian operation, has agreed a slot sharing deal with Regional Container Lines (RCL).
Cosco Sing hits new low Shares of Cosco Corp have sunk to a four-year low on Tuesday in the wake of its recent poor financial results.
Chengxi targets BWTS Chengxi Shipyard has teamed up with Mitsubishi Heavy Industries in the retrofitting of ballast water treatment systems (BWTS).
TGP looks for $100m Teekay LNG Partners is looking to raise $100m from the issue of new stock in the master limited partnership (MLP) LNG operator.
Heavylifters team up BigLift Shipping and RollDock Shipping are joining forces in a new heavylift operation targeting the module cargo market.
Matson benefits from higher Hawaii volumes, China rates The U.S.-flag container carrier, which offers services between the U.S. mainland and Hawaii and Guam, as well as an eastbound service from China, said it had a profit of $9.1 million in the first quarter, ending March 31.
What's better: Slow erosion in freight rates, or a sudden drop? "As the container shipping industry is a zero-sum game, carriers are de facto forced to match each others' rate declines in order to maintain their vessel utilization," said Lars Jensen, SeaIntel's chief executive officer.
Dig phase of Miami port tunnel completed The tunnel is on schedule to be completed one year from now, well before the Panama Canal Authority finishes adding new locks and wider channels that will enable much larger ships from Asia to deliver goods at East Coast ports.
Steel Shipping Container Institute gets makeover "Through our new name and brand, we are re-dedicating ourselves to our mission of promoting steel drums as an affordable, safe and sustainable option for transporting a wide range of products," said Kyle R. Stavig, ISDI chairman.
Catapult opens Hamburg office
Kalmar buys Spanish crane refurbish firm
MOL offers Asia-Mexico service
Purolator adds U.S. branches
PaperWorks to use Transplace TMS
Extra Logistics starts Web services
Hong Kong strike ends after 40 days
Washington Notebook: Commerce Department trade update
IFO avails still tight in Fujairah Little price movement in Suez.
Some Rotterdam suppliers fully booked through to week's end Markets generally firming.
'Eco' ships command premium despite gripes over specs Series of ship built for East Med proving their worth in the market.
Power system boasts significant savings System maker GE estimates annual fuel savings of $300,000.
Shipping involved in 'too much wasted paper work' Industry to be asked for ways of cutting administrative costs of complying with IMO regulations.
EU's early adoption of 0.50% sulphur limit 'creates issues' Ships sailing through Mediterranean may avoid EU waters from 2020 by sticking close to North African coast.
Hong Kong port strike ends Dockers at container terminal accept pay offer.
Cold ironing costs as high as '$1.7 million per vessel' 'Controversy exists over the expense and over the benefits of that expense.'
Bunker prices climbing in Asia Tokyo Bay resumes trade with prices for 380 cSt material and MDO firming.
ABB: LNG to be bunker fuel for 'future of shipping' 'Remarkable change' expected in next decade, says spokesman.
Odfjell losses increase Chemical tankers business hit by higher bunker prices.
Norwegian Cruise Line post Q1 losses Adjusted net income increased during the quarter, but was partially offset by higher bunker expenses.
Bunker fuel monitoring system gets EU patent FuelTrax Marine Fuel Management system will now be protected in 11 countries, says CEO of NCS.
MSC adjusts bunker contribution for routes Change for cargoes from the Far East to any Australian port to take effect from June 1 onwards.
Nigerian port to handle bigger ships Lekki port to address 'container deficit' by attracting bigger ships.
P&I partnership formed for Nigerian marine industry Local player hooks up with UK P&I club.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
