Chinese cabotage rules benefit Hong Kong, says HPH executive Barring foreign-flagged ships from coastal shipping supports city state's transhipment
Spain antitrust agency fines Valencia box truckers Probe reveals price-fixing at port
Diana seals new capesize purchase Greece-based owner to pay $52m for Korean bulker
Commercial ruling clarifies perils of the seas cover Shipowner wins on perils of the sea but loses claim due to fraudulent device
Maersk to up November rates increase to $950 per teu Move is needed to counteract rapid rate declines, says shipping line
Retailers predict 9% hike in US-bound box imports October will bring a container boom ahead of the holidays, predicts NRF
Salvors must adapt and change as maritime salvage hits a turning point Fewer, more complex incidents make a case for pre-arranged contracts, says Svitzer
Svitzer urges industry to support boxship emergencies system Design breakthrough tailored for unloading big containerships
Asia shift from Panama Canal to Suez boosts east coast US and Canada ports SeaIntel reports 7% increase in volumes since 2006 for biggest box terminals
Unipec charters Teekay and Ya-Sa tonnage to carry Russian crude to Asia Kozmino employs tankers despite hurdles
Owners can secure finance - at a price Lunde and Roos tell Maritime Cyprus that shipping must accept higher borrowing costs
Where there's a way but no will The shipping industry must get behind Svitzer's groundbreaking salvage solution
Banks eye shipping investment as loan requests routinely fail With few exceptions, even desirable business cannot be processed in time, says Petropoulos
G6 reveals winter void sailings Alliance says eight cancellations are part of vessel maintenance scheme
Genting Hong Kong books $960m cruiseship Owner of Norwegian Cruise Line and Star Cruises expands fleet to meet increased Asian demand
König quits Marenave and König & Cie Influential KG boss to step down after US investors' takeover
Star Bulk raises $71m for newbuildings Fundraiser closes with $9.2m from underwriters' over-allotment option
Seaspan launches fundraising drive after vessel purchases Owner could raise more than $260m in public offerings of shares and convertible notes
Seaspan raids capital markets SEASPAN plans to raise an estimated minimum of $250M for fleet expansion, via concurrent issues of shares and convertible notes
STX O&S unveils wide shuffle STX OFFSHORE & Shipbuilding said today it has restructured its high command
MSC to aid Angola shipping ANGOLA has signed a deal with second-ranked liner MSC to help revive the Angolan flag
Swissco grabs charter deals worth $7M SINGAPORE-listed Swissco Holdings said today it has secured two-year charter contracts for two anchor-handling tugs in a deal worth $7.17M
Drewry sees 'saturation' on box cascading LINERS are paying "a high price" for shifting tonnage to north/south routes, from the east/west sector, a box shipping consultancy warned today
Vinashin sells almost all ships BANKRUPT Vinashin Lines has sold six of its seven ships
STX Corp sells off more shares in STX PO STX CORP said today it has sold more of its shares in subsidiary shipowner STX Pan Ocean
Tanker towed to safety amid Typhoon Fitow A CHEMICAL and products tanker was towed to safe waters off China's Zhejiang province after an engine failure amid Typhoon Fitow
Hansa Brandenburg leaves for recycling FIRE-ravaged container ship Hansa Brandenburg has left Mauritius for recycling, owner Leonhardt & Blumberg confirmed today
AirBridgeCargo's Freight Traffic Rises 4 Percent AirBridgeCargo's Boeing 747 freighter.AirBridgeCargo Airlines transported 223,732 tons of cargo in the first eight months of 2013, a 4 percent increase year-over-year. The Russian air cargo carrier's punctuality indicator averaged 80 percent from January to August, while the regularity of services measure was 97 percent. In August, AirBridgeCargo moved 30,538 tons, rising...
Tokyo Container Trade Inches Up View of Tokyo.The number of foreign trade containers handled by the Port of Tokyo edged up 0.3 percent in the first half of this year from a year earlier to 2.089 million 20-foot equivalent units, according to preliminary figures released by the Tokyo metropolitan government. In the January-June period, the Port...
Echo Global Logistics Announces Three Executive Promotions Echo Global Logistics has announced three promotions, naming Dave Menzel as chief operating officer, Kyle Sauers as chief financial officer and Evan Schumacher as chief commercial officer, effective immediately. Menzel, who was most recently CFO, is now responsible for generating increased productivity and continued process improvement at the Chicago-based supply chain...
Ford Cars to Head to China Via Port of Portland Auto Warehousing Co.'s facility at the Port of Portland's Terminal 6 has received approval for export shipments to China following inspections by governmental auditors from that country. Exports are set to begin later this year; Ford cars and trucks from plants in the United States, Canada and Mexico will be shipped...
North American Exports to Latin America Jump Containerized exports from North America to South and Central America jumped 9.4 percent year-over-year in July, according to data from Container Trades Statistics Ltd. This is the largest increase in this lane since June 2012. North America to Far East Asia North American exports to Far East Asia fell to 628,300 20-foot-equivalent...
Vanguard Logistics Eyes India Expansion Vanguard Logistics Services, a leading non-vessel-owning common carrier and ocean freight consolidator operating primarily in North America, has entered into a strategic alliance with Freight Systems India, a similar organization with offices at all major locations in the country. The alliance aims to provide increased shipping and logistics services at major...
American Roll-on Roll-off Carrier Expands Atlantic Service American Roll-on Roll-off Carrier's expanded Atlantic Service.American Roll-on Roll-off Carrier has expanded its Atlantic Service with the addition of a fifth ro-ro vessel, the Freedom, expanding its regular ports of call to include Galveston, Texas, and Veracruz, Mexico. The Atlantic liner service will henceforth consist of five vessels on a 10-day...
OOCL Christens 13,208-TEU Container Ship The 13,208-TEU OOCL Bangkok, a sister ship of the NYK Hyperion.OOCL has christened a new 13,208-TEU vessel on Geoje Island in South Korea. Leased to NYK Line, the mega-ship was named by Harriet Tung, wife of C.C. Tung, chairman of OOCL, as the NYK Hyperion. It is the eighth of 10...
IMO's Container-Weighing Proposal Pits Carriers Against Shippers MSC Napoli in January 2007. Photo from Wikipedia by Tearlach.It sounds pretty straightforward and uncontroversial, but few issues have divided the shipping industry more deeply than the International Maritime Organization's proposal for a legal requirement to verify the weight of containers prior to loading on a ship. The draft proposal, a...
US Retail Imports Expected to Rise Despite Government Shutdown Import volume at major U.S. retail ports is expected to rise 9.1 percent month-over-month in October, despite concerns over the government shutdown, according to the monthly Global Port Tracker, published by the National Retail Federation and Hackett Associates. U.S. Customs and Border Protection has furloughed 6,000 workers because of the government...
Peter Rose to Retire at Expeditors Peter Rose, CEO of Expeditors International of Washington Inc. since 1988, will retire in March after 35 years with the company. Rose will remain company chairman until May 2015 to help the transition for the new CEO. Announcement of a new CEO is expected in January to coincide with a managers'...
US Diesel Prices Extend Decline to Fourth Week U.S. diesel prices through Oct. 7, 2013 Full-size image U.S. diesel prices fell for a fourth straight week in the week ending Oct. 7, down a total of 8.4 cents during this period, according to the U.S. Energy Information Administration. Prices dropped in all U.S. regions for a second straight week. The national...
XenonFS Offers Unique Solution to Manage Challenges Associated With Drayage, Reducing Time and Associated Costs by Up to 90% LONG BEACH, Calif., Oct. 7, 2013 (GLOBE NEWSWIRE) -- XenonFS, a fullservice drayage technology management provider, announced today that itis offering a new approach to improve drayage service while reducingcosts. By carefully analyzing drayage operations, XenonFS is able toquantify the total time and costs associated with first and last-milecargo moves...
SDV Earns Leadership in Energy and Environmental Design Gold Certification SDV has earned the Leadership in Energy and Environmental Design (LEED) Gold Certificate from the U.S. Green Building Council and verified by the Green Building Certification Institute (GBCI), for its four-story ramp-up new facility with nine floors of production and office space, located in Singapore. Certified Green Mark Platinum in March...
Milbank Advises Export Development Canada in $1 Billion Bond Offering NEW YORK/OTTAWA (October 7, 2013) -Milbank, Tweed, Hadley & McCloy LLP has acted as U.S. counsel to Canada's export credit agency Export Development Canada in an SEC-registered US$1 billion offering of 1.500% bonds due 2018. Proceeds will be used for general corporate purposes. EDC is an agent of Canada and a Crown corporation established...
Cushman & Wakefield Completes $6.6 Million Sale of Southern CA Industrial Property 90,000-square-foot facility was sold to furniture distributor ID USA Buyer will use it to relocate and expand from another facility in Commerce, Cal. COMMERCE, Cal., Oct. 7, 2013 - Cushman & Wakefield has completed the sale of 6557 Flotilla Street, a 90,000-square-foot industrial facility in Commerce. The property traded for $6.6 million, which factors out to just...
McCorstin Named President of UPS Freight Forwarding in Asia-Pacific UPS has named Jeff McCorstin as president of UPS freight forwarding in the Asia-Pacific region. Now based in Singapore, McCorstin assumes responsibility for air, ocean, road and rail freight strategy; revenue growth; and specialized transportation services for industry verticals, including health care, high tech, retail and automotive in Asia-Pacific. His appointment...
Globe Tracker and Xmetra Announce Partnership Hamburg, Germany, October 8, 2013 - Globe Tracker International (GTI), a leader in global trade data sharing,autonomous asset tracking and monitoring, and related data analytics, announced today its partnership with Xmetra OU, a supplier of solutions for remote detection and tracking of leakages of Hazardous Materials during transportation and storage. The companies will deliver seamlessly integrated,...
Ryder Signs Pennsylvania Macaroni to Flex-to-Green Lease for Natural Gas Trucks MIAMI--(BUSINESS WIRE)--Ryder System, Inc. (NYSE: R), a leader in commercial transportation and supply chain management solutions, today announced it has signed a new Flex-to-Green Lease agreement for 10 diesel-powered refrigerated straight trucks with Pennsylvania Macaroni Company, Inc. With a Flex-to-Green lease, Pennsylvania Macaroni receives all the maintenance and service benefits of a Ryder Full Service...
TMT showdown underway An intense legal battle between Today Makes Tomorrow (TMT) and creditors over the Taiwanese shipowner's US bankruptcy case has reignited in Houston.
Navios pair fixed Navios of Greece has found period employment for two bulkers in a rising market.
Myre men freed The seven remaining crewmen from the Myre Seadiver have been cleared of weapons smuggling in Nigeria.
Eight hurt in crash A Sydney Ferries ship has been moved to a repair yard as an investigation begins into a collision that injured eight people.
ER Offshore names new MD German owner ER Offshore has appointed a new managing director to help drive is development.
Diana bags cape Diana Shipping has confirmed the purchase of a capesize bulker in a deal which looks to have netted a tidy profit for the seller.
Leaking bulker adrift The leaking bulker Bright Royal has broken free from its grounding site and is adrift off Vietnam.
Poten plots pool pullback Pools are losing popularity among crude tanker owners despite a continuation of depressed rates which the alliances are established to counter, Poten & Partners says.
Tobias Konig quitting Konig & Cie and Marenave chief Tobias Konig will leave both companies by the end of the year.
New VLCC prices to rise VLCC newbuilding prices are set to rise despite next to no investment in fresh tonnage, Pareto Securities says.
First LNG tug launched Turkey's Sanmar shipyard is claiming a breakthrough in LNG-fuelled shipping.
Golden Energy inks charter Golden Energy Offshore has penned a long term charter agreement for a platform supply vessel (PSV).
Into Africa Singapore's Swissco Holdings has fixed two anchor-handling tugs (AHTs) to West Africa for two years.
Crewman killed by rope A Unifeeder seafarer has been killed by a snapped mooring rope in Aarhus, Denmark.
Tiger eyes stock sale Long-time Seaspan ally Tiger Group is looking to cash in some of its chips in the containership owner as part of a huge fundraising drive.
GSI rally rolls on Shares in Guangzhou Shipyard International (GSI) have hit a 2013 high since the company completed the acquisition of a new yard.
ABG's debts mounting Liabilities are increasing at India's ABG Shipyard and interest repayments are being pushed back, its auditors have revealed.
EPD eyes second facility Enterprise Products Partners (EPD) has unveiled plans to build a new VLGC-capable LPG export terminal in the Gulf of Mexico.
Vancouver yard adds 10 Vancouver Shipyards has clinched another deal to build more ships for the Canadian coast guard.
SCI drops boxship order Shipping Corp of India (SCI) has cancelled its containership newbuilding at Rongcheng Shenfei Shipbuilding in China.
Master quits after smash A UK ferry captain has resigned after his ship was damaged in a collision.
Smart stern sunk Smit Salvage has completed the first major phase of the wreck removal of the stricken capesize bulker Smart.
Star Bulk hauls in $70.8m Star Bulk Carriers has raised gross proceeds of $70.8m following the completion of its previously announced public offering.
Hedland hits new high Iron ore exports from Australia's Port Hedland have risen for a second consecutive month to an all-time high of 29mt.
Vallianz raises $63m Vallianz Holdings has secured up to SGD 78m ($63m) in fresh capital from a combination of new and existing shareholders.
Royal Arctic confirms five Greenland's Royal Arctic Line (RAL) has finally confirmed orders for five small ice-classed containerships.
Seaspan readies fundraisers Seaspan of Hong Kong has returned to the capital markets for the cash it needs to finance fleet expansion.
Cascading ships clobber North-South rates An influx of additional containership carrying capacity is hurting freight rates, especially the dynamics of the North-South trades, according to the London-based shipping consultants Drewry.
Truckload driver turnover on the rise Turnover at truckload carriers with more than $30 million in yearly revenues rose from 97 percent to 99 percent on an annualized basis from the first to the second quarter, according to the American Trucking Associations.
Cathay Pacific to increase U.S. routings
Government shutdown stops data flow
Washington Notebook: APEC ministers agree on pro-trade supply chain policies
California Shift: Study shows East Coast ports gaining market share
CN: Substantial Canadian grain harvest could challenge supply chain Shippers have told the railroad to expect a near-record harvest of more than 60 million tons, and that has CN President and Chief Executive Officer Claude Mongeau stressing the importance of an efficient supply chain.
New technology provider releases drayage tool The solution is meant to reduce the time and cost associated with first- and last-mile moves, especially for global non-vessel-operating common carriers (NVOs).
TMS developer Transwide provides solution to German tax regs
'Niche shipping bank' to provide loans for fuel-efficient ships New lender plans to be in operation next year.
Prices display mixed trend across Europe Rotterdam IFO prices show little change over yesterday's levels.
IFO prices continue softening in Fujairah South African bunker markets soft.
Greener fuels a burden for shipping, says IMO Cost of that burden should be shared by society.
Bunker player expands STS fleet In response to increasing demand at Danish port.
Verdict in Singapore bunker trial expected next month Lawyers acting for former Aegean trader have submitted their closing statements.
ARA gets electronic system for loading barges Refinery says that method is a first for the market.
Dual-fuel ship to debut in the Great Lakes Ship undergoing modifications to run on LNG and MDO.
Quadrise could sell shares to raise capital Company developing emulsion-based fuel oil substitute might need extra funds as technical trails take longer than expected.
IFO prices generally soft Supplies of bunker fuels were fine at ports.
Shipping line celebrates delivery of 'state of the art' newbuild Vessel features 'innovative designs and the latest green technologies', says owner.
Poly Shield to pick supplier for bunkering facility Deal involves the onshore supply of low sulphur marine fuel.
Russian lubricants supplier makes delivery at Primorsk The company says delivery from berth was 'a first'.
VLCC fuel efficiency increases after turbocharger retrofit Fuel consumption cut between 1.6% to 3.2% during slow steaming.
Fuel consumption 'single most important factor' for newbuilds UASC contracts firms to optimise design of vessels with tests at Hamburg Ship Model Basin.
Panama bunkering dispute goes to US court Case involves Dan-Bunkering and Chemoil.
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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