HPH claims return to 80% of daily box volumes Day 13 of the strike sees Hong Kong port giant struggle to meet demand
Baltic aframaxes reap record daily earnings of $130,000 Ice restrictions push spot market to peak
Top box lines lost $239m last year Failure to return to profit bodes ill for prospects, Alphaliner warns
Six Dr Peters boxships declared insolvent Single-ship KG casualties now top 150
STX Group asks KDB to buy stake in Pan Ocean Bank's private equity arm hires team to carry out due diligence on dry bulk giant
Owners phase out smaller boxships Clarksons forecasts fleet decline as orders shrink and demolition gathers pace
Box trade imbalances could last several more years Macquarie challenges consensus view that better times are in sight
Carriers to post mixed first-quarter results Price hikes will not boost box lines' profits because the market is so poor, says ICAP
Cost of individual Somali pirate attacks trebled last year Incidents cost the world economy $6bn annually, says study
Fools and their money Beware a stampede of owners rushing to place orders inspired by Shell's latest deals
Hear him out Beijing must heed China Shipping chairman's call for more generous seafarers' tax credits
Teekay orders four aframax tankers at STX Shipbuilding Orders will be built to a collaborative design by yard and owner
Boskalis lands Elbe dredging deal Three-year contract will boost connections to Hamburg
Data Hub: Shipper Sentiment Survey, Europe European shippers highlight the difficulties they had in container availability on the Asia trade routes over the Chinese New Year period, as well as poor ocean carrier communication with customers. Sarah Bennett reports
Data Hub: More of the same for 2013 Globally, MDS Transmodal estimates that total loaded maritime teu volume grew 4% in 2012, with a similar rise predicted in 2013. Containerisational International reports
Data Hub: Box update: Tough times beckon The output of new boxes slipped in fourth quarter 2012 and prices softened too, with prospects for 2013 uncertain. Containerisation International presents the latest update on the dry freight box business
Data Hub: Freight Rate Indicators: On a knife edge Freight rate jitters plagued the main east-west trades in fourth quarter 2012, with further uncertainty expected. Containerisation International reports
Boxlines turn their attention to south-south trade prospects Top carriers see opportunity in intra-Asia, China-Africa and Latin America routes
Hyundai Mipo strikes another 10-tanker deal with Shell lessor Sinokor will charter at least 30 50,000 dwt product tankers to Shell
Three top brokers leave Galbraith's to join rival SSY Defectors from crude desk include tanker department chief
Syndicated loans remain muted JUST over $13Bn in 1Q13 syndicated marine finance loans were reported by Dealogic today, in line with the moderate activity seen last year
Box volume rise eases rates yo-yo YO-YO box rates are being stabilised somewhat by a pick-up in volumes, Sydbank said today
US ballast rules seen hobbling Canadians CANADA'S ships are being hobbled on the Great Lakes by ruinous US ballast water rules, according to the Canadian Shipowners' Association
Delhi approves coverage from two Iranian P&Is DELHI has approved operations by two Iranian P&I clubs to help India's shipping groups gain insurance coverage for trade with Iran
Teekay points to yard price rise PRICES for newbuilding product tankers are rising in response to demand growth, according to an Oslo shipping analyst
Subsea 7 wins $350M PETROBRAS deal SUBSEA 7 said today it has won a contract from PETROBRAS worth more than $350M
Pareto tracks rises in product tanker sector PRICES of newbuilding product tankers and secondhand values of ships in their modern 'eco' design are both rising, Pareto Securities has said
Keppel wins $225M repeat ENSCO deal KEPPEL FELS said today it has secured a repeat order worth $225M from London-headquartered ENSCO
Indonesia frees tanker A TANKER held in Indonesia for six months following a collision has been released, its owner confirmed today
TCC eyes Aframax orders HONG KONG'S bulker and tanker owner TCC hopes to order Aframax tankers this year, its CEO Kenneth Koo told Fairplay today
Teekay bolsters eco-newbuilding momentum TODAY's orders by Teekay Tankers represents the culmination of the long-discussed 'One Spirit' project and yet another acceleration of the eco-newbuilding trend
FESCO turns profits into FY12 losses FESCO has reported FY12 losses of $17M, a reversal on the previous year's $29M in profits
Japanese yards stall for higher ship prices THORESEN Shipping Singapore told Fairplay it plans to order four Supramax newbuildings this year, but Japanese yards are refusing to take orders at current prices
India Container Volume Flat in Fiscal 2012-13 Container throughput at India's major ports stayed relatively flat year-over-year in fiscal year 2012-13, which ended March 31, 2013, according to the latest provisional figures released by the Indian Ports Association. Throughput at the 12 state-owned ports, which account for the majority of India's exports and imports of containerized goods, was...
ANA, JAL Cargo Volumes Down in February Japan's All Nippon Airways Co. (ANA) said that its international cargo volume declined for the first time in 13 months in February on a year-on-year basis, tumbling 6.3 percent to 39,787 tons. ANA's domestic cargo volume also fell for the first in five months in February on a year-on-year basis, dropping...
Trade Tech to Host Seminar Series With NACCS to Help Shipping Community Prepare for Japan's New 24-Hour Rule ELLEVUE, Wash. - Trade Tech, a global supplier of cloud-based solutions for the logistics industry, is taking the lead in promoting compliance with Japan's Advance Filing Rules by co-hosting a series of seminars on the new requirements with Nippon Automated Cargo and Port Consolidated System (NACCS), the Japanese government entity...
Stevedores Reportedly Back to Work in Chile Nearly all stevedores from ports in Chile are back at work, following a port strike that halted labor activities and delayed shipments of copper, fruit and wood pulp, ABC News reports. Other media outlets have reported that scattered protests continue at San Antonio. Stevedores at Angamos port suspended stopped working on March 16,...
New Singapore Initiatives to Promote Maritime Sector The Maritime and Port Authority of Singapore will launch new initiatives to drive maritime research and development, productivity improvements and manpower development to strengthen the nation's maritime sector. The new initiatives were announced by Tharman Shanmugaratnam, Singapore's deputy prime minister and minister for finance, at the opening of the Sea Asia...
Lineage Logistics Buys Seattle Cold Storage Lineage Logistics has acquired the assets of Seattle Cold Storage and its facilities located in the Port of Tacoma and Algona, Wash. Financial terms of the transaction were not disclosed. SCS is one of the Puget Sound's largest public refrigerated warehousing companies. Its warehouses comprise 420,000 square feet and 11 million...
American Airlines' Cargo Volume Dropped in March The parent of American Airlines, AMR Corporation, reported March cargo figures for its principal subsidiary, showing a slump to 161,063 million ton miles, down 4.6 percent from the 168,775 million ton miles reported in March 2012. For the three months to March 31, ton miles dropped to 410,130 million, a 7.8...
US Container Imports Rise 1.4 Percent U.S. containerized imports through January 2013 Full-size image U.S. containerized imports are modestly recovering according to advance figures from PIERS, a JOC sister company. Total U.S. containerized imports rose 1.4 percent in January 2013 compared to January 2012, to a total of 1.5 million 20-foot-equivalent units. Imports jumped 12.2 percent in January...
Kuehne + Nagel Acquires Majority Share of Universal Freight Services Kuehne + Nagel has acquired more than 70 percent of the shares of Universal Freight Services from the Khimji Ramdas Group in Oman. The transaction enables the logistics company to enter the Omani market as the majority shareholder of a joint venture. Since 1999, Kuehne + Nagel has been represented in Oman...
Key Lane Increases Bolster US Intermodal Rates U.S. intermodal rates rose 1.2 percent or $24 during the week of April 8, according to data on all-inclusive 53-foot door-to-door spot pricing quoted by railroads and provided by the 3PL IDS. This increase follows five weeks of declines due in part to falling diesel prices. Diesel prices fell again this week,...
Graybar Opens Branch in Pennsylvania Graybar has opened a new branch in Williamsport, Pa., and expanded its existing sales office in Hudson Valley, N.Y., to include on-site inventory and a customer counter. The Williamsport branch is the fourth new location the electrical communications products distributor has opened in 2013. The full-service branch, led by Mike Schaefer,...
Penske Logistics Completes Data Center Upgrade Penske Logistics has completed the multimillion-dollar upgrade of its data center, which serves all of its supply chain customers. The data center was previously housed on-site at a Penske Logistics facility in Beachwood, Ohio. The new center is located a few miles away off-site and has increased square footage available for...
Valley Cartage Promotes Two to VP Posts Valley Cartage has promoted Jim Mortensen as vice president of supply chain logistics and Bruce Anderson as vice president of operations, in conjunction with the opening of its supply chain service center in Lake Elmo, Minn., in May. Mortensen will lead the transportation and logistics company's efforts to create end-to-end freight...
Dachser USA Opens Bonded Container Freight Station in Miami Dachser Transport of America's Miami division has opened a bonded container freight station, I.B.E.C. and Bonded Warehouse, the first of its kind for Dachser USA. The new service offerings will serve clients in the South Florida market and Latin America hubs. With the rollout of the Export Gateway in Miami, the...
Retailers Not Too Worried About Sequestration Impact Import volume at the nation's major retail container ports is predicted to rise 2.7 percent in April compared with the same month last year, despite federal spending cuts that took effect in March, according to the monthly Global Port Tracker study released by the National Retail Federation and Hackett Associates. "The...
Hapag-Lloyd Revamps Trans-Pacific Services Hapag-Lloyd will introduce a new trans-Pacific service between Asia and the U.S. West Coast. The Pacific China Express, PCX, has the following port rotation: Ningbo and Shanghai, China; Kwangyang and Busan, South Korea; Los Angeles; Oakland, Calif.; and back to Busan, Kwangyang and Ningbo. The first eastbound sailing will be the Hyundai...
House Committee Plans WRDA Roundtable The U.S. House of Representatives' Committee on Transportation and Infrastructure will hold a bipartisan roundtable discussion on April 10 regarding the development of a Water Resources Development Act. The roundtable will focus on maximizing the benefits of developing water resources in the U.S. The U.S. Army Corps of Engineers' mission includes...
South Carolina Ports Authority Report Shows Air Quality Improvement Newer engines and cleaner fuels have helped reduce total pollutants from port equipment and trucks, according to an air emissions inventory commissioned by the South Carolina Ports Authority. The inventory, which measured all port-related emissions in the tri-county area during 2011, is a follow-up to the port's baseline study that quantified...
New Locks for Panama Canal Almost Halfway Done About 42 percent of the work on the new locks for the Panama Canal expansion has been completed, the Miami Herald reports. The locks are the most costly and complicated part of the $5.25 billion project to expand the nearly century-old canal to handle larger vessels. Most of the rest of the...
Bourbon bags billions Bourbon has struck a $2.5bn deal with Industrial and Commercial Bank of China (ICBC) aimed at strengthening the offshore owner's finances.
Chile ports return 'gradually' Activity is slowly returning to normal after a three-week strike across Chile's key ports.
Huber tops 10% at Cal Dive Financial firm Huber Capital Management has taken its stake in Cal Dive International past the 10% mark.
NNA not done yet Navios Maritime Acquisition still has the dry powder to add three more MR tankers despite its $140m swoop in the sector last week, analysts say.
Coscol ups volumes China's Cosco Shipping (Coscol) carried 9% more cargo in the first three months, it said on Tuesday.
Ice nice for afras Baltic aframax rates have spiked to a two-year high thanks to icy conditions pushing up demand, analysts say.
Hamburg pushes merger The German city of Hamburg is trying to kickstart more merger talks between Hapag-Lloyd and Hamburg Sud after a tie-up was called off last month.
Scandlines books record profit Baltic ferry operator Scandlines pushed up earnings to record levels in 2012 thanks to sales and debt reduction.
Diana ends cape wait Diana Shipping has stepped into the second-hand capesize market for the first time since the onset of the financial crisis.
Odfjell and NCC split Odfjell and National Chemical Carriers (NCC) are dissolving their 18-ship tanker pool after disagreeing on trading strategy.
Tanker masters jailed Two European tanker captains have been sentenced to three years in prison in Sao Tome in a "smuggling" case.
Phoenix back in action Phoenix Bulk Carriers has added a second handymax in as many weeks, brokers believe.
SCI tipped for six Shipping Corp of India (SCI) could take possession of six of the seven vessels in the fleet of its defunct joint venture Irano Hind.
Transpetro handed fine Brazil's Transpetro has been slapped with a $5m fine over a spill that polluted 12 beaches near Sao Paulo.
India okays Iranian P&I India has approved two Iranian insurance groups to cover vessels bringing in Iranian crude.
Orders at three-year high Capesize newbuilding orders reached a three-year high in March, according to a leading analyst.
Fledgling owner takes off World Wide Supply is said to have picked up long-term charter contracts with Petrobras as part of the Brazilian oil company's huge platform supply vessels (PSV) tender.
Vega crew get cash Four seafarers stuck on a cargoship in a Danish port after its owner went bankrupt have now been paid.
Galbraith's trio jump ship Galbraith's has lost a trio of top tanker brokers to London rival SSY.
Cuba-US run halted A pioneering freight service between Cuba and the US has been grounded by lawsuits and mechanical problems.
New Venezuelan yard? Russia and Venezuela are considering establishing a new shipyard to build small tankers.
Dry deliveries miss mark Dry-cargo newbuilding orders may be running well ahead of the curve at the start of 2013, but it's a different story on the delivery front.
Five-year plan Oslo-listed Subsea 7 has scooped a five-year charter from Petrobras for a pipe-lay support vessel (PLSV).
Mipo reveals MR bonanza Korea's Hyundai Mipo Dockyard (HMD) announced it had won another order for 10 MR tankers on Tuesday.
MPA in research boost Singapore is to roll out new initiatives to drive maritime research and development in a bid to strengthen the local maritime sector.
Alam builds backlog Alam Maritim Resources has secured charter work for three of its vessels potentially worth up to MYR85m ($28m).
Spotlight turns to TNK Teekay Tankers (Teekay) took centre stage on Wall Street Monday after confirming details of an order for up to 16 long-range-two (LR2) product tankers at STX Offshore & Shipbuilding of South Korea.
No impact from cuts US federal spending cuts are unlikely to hurt inbound container flows into the US, a trade body has predicted.
Ensco back at Keppel US drilling rig company Ensco has returned to Keppel to order its twentieth offshore newbuilding at the Singapore group.
UPS appeals EU's merger ruling TNT Express said the appeal by UPS isn't a reconsideration or a renewal of the previous merger offer. Officials reiterated that TNT withdrew the offer in January and will focus on its new profit improvement plan.
NY/NJ port to pay $3.5 million for airport safety violations
Container volume forecast to be up in April, despite sequestration concerns "The impact of sequestration isn't yet fully known, but Customs officials are working hard to manage their resources and keep cargo moving," NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.
Hong Kong dockworkers to meet with mediator Unions representing Hong Kong dockworkers will hold talks with two contractors and mediators from Hong Kong's Labor Department on Wednesday, according to a report from Radio Television Hong Kong.
MSC's terminals sale makes sense for both sides, says Drewry analyst
Steel imports boost New Orleans port in 2012
INTTRA offers cargo insurance through platform
Flextronics uses Amber Road for restricted party screening
TMS provider expands availability of system
NYK to provide tsunami alert system to vessels
U.S. sees mixed rail results in March In March, intermodal traffic rose by 0.5 percent, year over year, to 933,208 containers, while the number of carloads declined by 0.5 percent to 1.117 million when compared to March 2012, Association of American Railroads said.
Rickmers-Linie adds new heavy-lift ship
Air France takes cargo hit in March
ILA members voting on new contract today About 14,500 rank-and-file members of the International Longshoremen's Union who work at ports along the East and Gulf Coasts are voting today on whether to ratify a new six-year master contract.
Marine lubricant supplier wins power plant contract Total Lubmarine says it fought off competition from 'major oil companies worldwide'.
No clear price direction in Fujairah Prices show gains in Suez and South African ports.
Prices display mixed trend across Europe Little price movement with Piraeus showing biggest change on low sulphur 380 cSt.
Maersk Tankers goes ahead with retrofit programme Retrofits 'could produce bunker savings of up to 10%.'
Reports: Tight avails in Hong Kong 180 centistoke material in short supply on delayed cargo.
Developing lubes for dual fuel engines a 'key' challenge Technical director of Total Lubmarine says lubes have to evole.
KPI appoints global sales director Director for marine lubricants will be Singapore based.
Bunker prices in Asia showing mixed signals Supplies still tight in Tokyo Bay but the avails have improved.
Gazprom backs LNG bunkering for Baltic Russian energy giant predicts million tonne demand for bunker alternative.
Quest for 'eco' ships sees surge in newbuilds Analyst says orders for capesize vessels are at three-year high.
150 tonnes of bunkers onboard sunken vessel No signs of leak so far, said Omani maritime personnel.
Charleston port records better air quality 'International fuel standards and efforts by the maritime community mean our air quality continues to improve.'
Transpetro completes bunker spill cleanup Petrobras fined $5 million for 'operational failure' during bunkering operations at a terminal.
Cost of environmental regulations should be 'openly discussed' Pragmatic approach best, says International Chamber of Shipping chairman.
Bad weather hinders bunkering operations at Las Palmas Alternative is to shift vessels to inner port anchorage, says notice from OceanConnect.
Petronas ups MISC buy out price On recommendations that the shipping industry will 'be hurt by unyielding bunker costs' and more.
Wartsila bags contract for four fuel-efficient MPSVs Engine maker will design vessels for Malaysia-based Armada Offshore MPSV.
Book review: New edition of 'Bunkers' Reference work on bunkers is detailed and thorough, richly illustrated and provides insightful predictions on developments up to 2030.
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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