China Shipping Group issues $406m in short-term notes Proceeds will boost shipbuilding arm
Poor product tanker placement Medium range owners face an uphill battle as shift in demand favours bigger tonnage
Jolly Nero death toll rises Lloyd's List Intelligence data reveals minor defects found on ro-ro boxship
VLCCs on brink of mini-recovery Cargoes flood in for Middle East VLCCs
Cosco liquidates joint venture repair yard Five-year-old facility shuts doors due to weak demand
'Only one of our 18 VLCCs has a cargo,' TMT shipmanager says Taiwan shipowner faces 'bad fund flow' as A Whale crew are stranded in Suez
Shandong Shipping buys four bulk carriers for BHP Billiton cargoes State-0wned company expands fleet with Qingdao Beihai deal
CKYH members launch Baltic feeder New service links Hamburg hub to Kotka and St Petersburg
Transpacific box rates slide to 13-month low Eastbound spot price loses another 4.3%
First-quarter transatlantic box volumes stay flat CTS price index matches level in February and March 2012
Torm claws back from the brink Struggling Danish company narrows its first-quarter loss
D'Amico hails 'miracle' quarter Tanker player posts its best three-month results in four years
Knot Offshore Partners completes $160m New York IPO NYK shuttle tanker offshoot will use money to repay loans
Box carriers urged to make drastic cut in Asia-Europe rates Making trade unprofitable would force sector to react by driving prices back up, says SeaIntel
Baltic Exchange launches brokers' incentive scheme for dry FFA screen Drive to boost volumes will see shares awarded to those trading on Baltex
KNOT completes IPO NYSE-listed newcomer KNOT Offshore confirmed today that it has completed its IPO with the full exercise of the underwriters' option
'Sell' call for Jaya stocks SHARES in Jaya Holdings were labelled a 'sell' by DMG & Partners Research today, in reaction to predictions by analysts of poor 2013 performance and under-utilisation risks
CSSC gains $9.67Bn in bank credit CHINA Construction Bank is to provide 60Bn yuan ($9.67Bn) in credit to CSSC, the group said
COSL working days soar, but not profits SHANGHAI-listed COSL's semisubmersible rigs worked for 562 total days in 1Q, up by 55.2% from 1Q12 totals - yet its profits rose by just 1% year on year
NASDAQ again warns Seanergy on delisting VICTOR Restis-controlled Seanergy has confirmed receipt of another warning on potential delisting, its fourth such admonition in the past three years
Nanjing Tanker to delist shares in Shanghai NANJING Tanker said it has decided to delist its shares on the Shanghai bourse, as of 14 May
Scrubbers to operate on NCL ship this year EXHAUST gas scrubbers on NCL's Pride of America will be operational by year-end, according to a company executive
Shipbuilding boosts profits for Penguin MORE shipbuilding and ship repair projects raised net profits of Penguin International to $1.6M in the first quarter of this year, from $2,000 in 1Q12
South American export push urged PANAMA Canal expansion is very important for South American growth, yet is not the entire story for the continent's shipping prospects, a port conference has been told
Strikers lost HK$10M in pay STRIKING Hong Kong dock workers lost more than HK$10M ($1.3M) in wages as of 6 May, when the 40-day strike ended
BG seals QCLNG deal BG GROUP has announced agreements with China National Offshore Oil Corp for the sale of more interests in the Queensland Curtis LNG (QCLNG) project in Australia for $1.93Bn
Capesize rise raises BCI IRON ORE and coal shipments are gaining pace this week, pushing the Baltic Capesize Index to a three-month high yesterday
VLCCs gain wiggle room VLCC rates are rising moderately as owners resist depressed rates amid the start of fixing for mid-May
Sharp drop seen in Europe's box headhaul DEEPSEA box imports into northern Europe will drop sharply this year as the eurozone's economy falters, two leading maritime consultants have warned
US cruise inquiry expanded PASSENGER cruise safety and security are being questioned, as a US Senate panel expands its investigation into the sector
Extra Logistics Launches Its Web-Based Ocean/Air Freight Booking Services Extra Logistics, LLC, a full-service international logistics provider, international freight forwarder and long-standing member of The Atlas Group, has launched Web-based ocean and air freight booking services to further enhance its global offerings through its network of more than 22 cargo receiving terminals in the U.S. and affiliate offices in...
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...
IAG Cargo Launches Online Booking IAG Cargo has today taken a significant step forward in its online strategy, making it possible for all customers to book services via the iagcargo.com web portal for the first time. Customers will be able to book online for IAG Cargo's Prioritise, Perform and Constant Fresh services, with e-booking extended...
A4A Promotes Paul McGraw to Vice President, Operations and Safety and Laura McKee to Vice President, Airline Services WASHINGTON, D.C. - Airlines for America (A4A), the industry trade organization for the leading U.S. airlines, today announced two promotions in the Safety, Security and Operations Division, naming Paul McGraw as Vice President, Operations and Safety and Laura McKee as Vice President, Airline Services. Both assume their new roles effective today. McGraw...
Crowley Enters Liquefied Natural Gas (LNG) Market JACKSONVILLE, Fla. - Crowley Maritime Corporation's petroleum services group is entering the Liquefied Natural Gas (LNG) market by acquiring Carib Energy LLC. Florida-based Carib Energy, founded in 2011, was the first company to receive a small scale, 25-year, LNG export license from the U.S. Department of Energy (DOE) for LNG...
The International Furniture Transportation and Logistics Council (IFTLC) Announces 53rd Annual Conference in Fort Lauderdale, Fla. BROOKLYN, Mich. - The International Furniture Transportation and Logistics Council (IFTLC) will hold its annual conference on May 15th through 17th at the Lago Mar Resort and Beach Club in Ft. Lauderdale, Florida. The conference, one of the most anticipated events in the furniture transportation industry, will include several educational...
Senate Poised to Pass HMT Reform Bill WASHINGTON - The Senate is poised to pass the first Water Resources Development Act since 2007 - possibly as soon as this week - paving the way for faster permitting of projects for full use of the Harbor Maintenance Trust Fund. The bill proposes to reform the HMTF by guaranteeing more...
Return of the Quackers If it looks like a duck and quacks like a duck, it must be a duck. I don't know when that saying was first used to make a political point, but it can be traced back as least as far as the days of McCarthyism and the search for communists...
Warehousing and Distribution Leader FW Warehousing Donates Part of Its Profits to Worthy Causes SAUGET, Ill.- Since the start of 2013, long-time warehousing and distribution provider FW Warehousing has made two charitable donations from its profits, according to Mark Cusumano, President and CEO of FW Warehousing. "As part of our new open-book management system based on The Great Game of Business, we have a system...
Troy Container Line's Household Goods and Personal Effects Services Meeting Rising Demand RED BANK, N.J.-Troy Container Line, one of the largest American-owned NVOCC's and a member of International Association of Movers (IAM), is meeting the rising demand for personal effects and household goods transport with efficient and cost-effective maritime transport solutions. Prepared to service clients in need of auto transport, military relocation, household goods, or corporate relocation, the company works with...
Norfolk Southern Recognizes 54 Customers for Transporting Chemicals Safely NORFOLK, Va. - Norfolk Southern Corporation (NYSE: NSC) announced today that 54 customers earned the Thoroughbred Chemical Safety Award for safe handling of chemical products during 2012. Given annually for 17 years by Norfolk Southern, the award recognizes companies and facilities that ship more than 1,000 carloads of federally regulated hazardous...
Marc Feeser of Dell Named NASSTRAC Officer MINNEAPOLIS - The National Shippers Strategic Transportation Council (NASSTRAC) has named Marc Feeser as secretary and part of its officer team. NASSTRAC provides education, advocacy, and provider relations to transportation and supply chain professionals involved in all modes of transportation. Feeser is senior manager, Americas fulfillment & logistics at Dell, Inc....
BDP Awarded Secure Trade Partnership Plus Accreditation by Singapore Customs PHILADELPHIA, SINGAPORE - BDP International (BDP) today announced its Singapore office has been awarded the prestigious Secure Trade Partnership (STP) Plus accreditation by Singapore Customs. STP is a certification program that requires companies to meet robust security standards in their trading operations to protect global supply chains. STP Plus is the...
UASC to Hike Asia-Europe Rates in June United Arab Shipping Co. will boost rates on some of its trade routes, effective June 1 (based on the bill of lading date): From Asia to North Europe, the Mediterranean and Adriatic, the increase will be $675 per 20-foot-equivalent unit for both dry cargo, including special equipment, and refrigerated cargo. From the...
MSC to Implement Asia-Mediterranean, Black Sea Surcharge Mediterranean Shipping Co. will apply a peak-season surcharge to cargo from Asia to the Mediterranean and Black Sea, starting June 1: From Asia to all Mediterranean countries, excluding Turkey, Syria and the Black Sea, as well as the Adriatic and North Africa, the surcharge will be $700 per 20-foot-equivalent unit. From Asia...
Canada Adopts 'Strict' Emissions Standards for Ships Canada is adopting "strict" environmental standards to reduce emissions from ships navigating in Canadian waters, according to Denis Lebel, the country's minister of transport, infrastructure and communities; minister of the economic development agency of Canada for Quebec; and minister of intergovernmental affairs. These changes further align Canada's emission standards with...
US Seeks Talks With Bahrain Regarding Labor Rights The U.S. has requested consultations with Bahrain under the labor chapter of the U.S.-Bahrain Free Trade Agreement, following a December 2012 report by the U.S. Department of Labor that highlighted labor issues stemming from Bahrain's response to civil unrest in early 2011 in Bahrain and recommended actions to address those...
Crowley enters LNG arena Crowley Maritime Corp's petroleum services division has entered the liquefied natural gas (LNG) market with the acquisition of US compatriot Carib Energy.
'Let the losses begin' More red ink may be on the horizon for Knightsbridge Tankers following a first-quarter loss now that the owner has exited the crude segment, according to an analyst at Evercore Partners.
Anangel ties up capes John Angelicoussis's Anangel-American Shipping Enterprises has secured spot contracts for two of its capesize bulkers.
PACD readies bond press Pacific Drilling has turned to the bond market for the cash it needs to cut debt.
Keeping up with the Joneses The renaissance in North American crude production has set the stage for a transformation of the Jones Act tanker market, according to MJLF & Associates.
Prelude floater takes shape Samsung Heavy Industries (SHI) has laid the keel for Shell's first floating LNG (FLNG) unit.
CSG goes short again China Shipping Group (CSG) is raiding the short-term debt market again in a bid to raise CNY 2.5bn ($407m).
Knightsbridge in the red John Fredriksen's Knightsbridge Tankers made a loss in the first quarter of the year which ended with the company operating as a bulker specialist.
Torm not selling Torm has quashed suggestions it is preparing to sell its loss-making dry-cargo division.
Messina: "Deep grief" Italian owner Ignazio Messina has vowed to identify the causes of the containership smash in Genoa that has killed up to 10 people.
Ultrabulk back for more Ultrabulk has entered into a shipowning joint venture with a newly formed investment fund as it continued to take advantage of rock bottom newbuilding prices.
Scorpio in cash grab Scorpio has done its biggest equity fundraiser yet in an overnight offering.
CSSC borrows big China State Shipbuilding Corp (CSSC) has arranged a new credit line worth CNY 60bn ($9.76bn) with China Construction Bank.
Alstom: no STX bid French engineering group Alstom has no plans to acquire shipbuilder STX France.
Jaya slow to respond An analyst has taken a dim view of Jaya Holdings in the belief the company's next set of earnings will disappoint.
Jiangzhou may appeal China Ocean Shipbuilding is unhappy with a ruling it should compensate Canada's Algoma for cancelled bulkers and could appeal.
Kanal Istanbul is coming Work on the development of a Bosporus bypass will start next month, according to the Turkish government.
Sado makes losing start Sado Steamship has slashed its full year earnings forecast after seeing a drop in first quarter income.
2Go chops loss Philippines ro-pax company 2Go has slashed its 2012 loss due to the disappearance of impairments from the balance sheet.
Inui loses more Inui Steamship has logged a deeper full-year loss as revenue fell away.
Eidesvik in note press Eidesvik Offshore is preparing to launch a raid on the Norwegian bond market.
OSG 10 still live A continuation of charter payments from OSG kept American Shipping Company is good health in the first quarter.
Torm turning around? Torm has trimmed its first quarter red ink with the help of the best product tanker market in half a decade.
Carnage in Genoa Seven people have been killed and three more are missing after an Ignazio Messina containership smashed into a control tower at Genoa in Italy.
PIL adds to MPP tally Singapore container line PIL has booked another two multipurpose (MPP) newbuildings in China.
Hyundai wins HCV order Subsea 7 has gone to Hyundai Heavy Industries to order a new heavy construction vessel which will be delivered in 2016.
Shandong hits big time State-owned Chinese shipowner Shandong Shipping has ordered four VLOCs at a CSIC yard, backed by an Australian charter.
WW's profits slide Wilh Wilhelmsen ASA (WW) has seen a near 40% decline in first quarter profits on the back of poor market conditions.
A Whale crew 'unpaid' The crew of a TMT combination carrier stranded off Egypt claim they have gone unpaid for over three months.
SLNG gets first cargo Singapore's new LNG terminal has received its first commercial cargo and begun commercial operations.
American Airlines on track for merger with US Airways Kenji Hashimoto, American's president of cargo, expressed confidence this week in the carrier's previously announced timeline for its $11 billion merger with US Airways. Meanwhile, "we are separate companies until the close," he added.
IAG Cargo on target for full integration in 2014 "Our approach was not to announce this with a great big fanfare, but to get on with it and integrate the business. And I think, two years in, we've made good progress," said Steve Gunning, head of the airline's cargo business.
Ship strikes control tower in Port of Genoa
Alphaliner forecasts record boxship scrapping
XPO buys Interide Logistics, realizes strong 1Q
Panalpina says ocean freight buoys 1Q results
WTO picks Brazilian diplomat as new boss Roberto Carvalho de Azevêdo of Brazil was picked, making him the first diplomat from Latin America to lead the organization, which was set up in 1995. His appointment to director general will become official by May 31.
Textainer performs well in 1Q
Black Sea box terminal completes rail upgrade
Canada adopts new rules to reduce ship pollution
Pep Boys begins transload service in Savannah NRS said Tuesday it will deconsolidate ocean containers at its Pooler cross-dock facility four miles from the Port of Savannah and repack them into larger, 53-foot containers for the trip to Pep Boys' distribution center in Atlanta.
Canada to begin enforcing low sulphur regulations 'The changes we are announcing will reduce ship emissions,' says minister.
US official clears confusion about US ECA enforcement 'We do not expect' vessels to use distillates if they cannot source compliant fuel oil, conference is told.
Sri Lanka has potential to be maritime and bunkering hub Maritime sector 'rightly identified' as target for development.
ClassNK scores SEEMP first Shipping company takes commercial step on efficiency software.
Asian bunker prices largely stable Sufficient avails in key Asian ports.
Sufficient 0.10% sulphur fuel availability predicted for 2015 But predictions for what import volumes will be needed for Europe and cost implications vary.
Stena Line: 'We have to invest in more fuel efficient services' High speed ferry to be broken up and recycled.
Triple-E vessel: Maersk planning initial bunkering in Russia Decision was made on the back of lower bunker fuel prices at the port of Vladivostok.
Dan-Bunkering further beefs up Dubai team Relocating experienced bunker trader to Dubai office.
Maersk reflagging newer, more fuel-efficient ships To ensure they meet 'stringent safety, environmental, operational and compliance standards' required by the USCG.
EC: 'Important' for next MEPC to produce results Highlights targets for upcoming MEPC meeting to achieve.
US starts soybean biofuel pilot for vessels Scheme includes five boats.
US confirms plan for naval bunkering at Maldives But no extension of military co-operation.
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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