Shipping power brokers share their thoughts Lloyd's List Summit: Why Cargill's capesize move is an asset play and other revelations
China Shipping boss confirms joint service for 18,000 teu newbuildings Lloyd's List Summit: Li confirms 10-year tie-up with UASC from 2015
Q&A: GAC Russia general manager Arkady Podkopaev Russian port capacity constrains oil companies
Opportunity shrinks for older LNG carriers Growing idle fleet means rate recovery is unlikely for older vessels in the next few years
Teekay declares first-quarter loss Tanker giant hit by higher costs and vessels redeployed on lower time charter contracts
Better safety and efficiency require greater transparency Lloyd's List Summit: concern over legal barriers to sharing vessel information
Box lines must help ports to boost terminals' efficiency, says Sharaf Lloyd's List Summit: DP World boss slams carriers' refusal to discuss ways to optimise operations
No escape from boom and bust Lloyd's List Summit: Financiers say shipping will remain a cyclical business
Finance is there for right deals Lloyd's List Summit: German owners placed $13bn new orders last year, Temp reveals
China Shipping chief calls for new carrier-shipper partnerships Lloyd's List Summit: Future business models include joint ventures and cross-stakeholding
CSSC expands credit lines after Economou offshore deal China's state-backed banks pledge $42bn to back builder's diversification drive
Cargo owners' newbuilding orders do not mark a long-term shift Lloyd's List Summit: Cargill and Glencore shipping bosses praise independent owners
Asia-Europe carriers launch a new war of words Blame game sees lines accuse their rivals of freight-rate indiscipline
Seize control over pricing, Jacobs tells box lines Lloyd's List Summit: Carriers seeking stability must prevent the customer calling the shots
A Whale crew will be paid 'imminently', says TMT Taiwan-based firm says its ships are 'either working or about to start to carry cargo'
Maersk Line, Limited upgrades US-flag fleet AP Moller-Maersk's subsidiary replaces ships for military and commercial contracts
Brussels' proposed beaching ban is bad news for ship recycling Regulations spell dire consequences for Hong Kong Convention
ICTSI posts first-quarter income growth But volume growth is 'relatively flat', says emerging-market terminal specialist
Textainer increases revenues despite shipowners investing in boxes Lessor notes 'soft' first-quarter demand for its containers
Sincere Navigation books two capesize bulkers Waigaoqiao order is 'not a good thing for the market in general', official admits
China eyes lead on innovation Once the place to build cheap ships, China is on a quality drive that could have repercussions around the globe
Lloyd's List Summit: The recovery starts here Lloyd's List launches industry platform to support sustainable shipping upturn
Tankers need fair-trade deals Unsustainable charter rates and delayed payments threaten top-class operators
Crowley takes on LNG CROWLEY is entering the LNG market with the purchase of Carib Energy
GAO blasts TWIC scheme ELEVEN years after it was initiated, the US has yet to demonstrate how the TWIC card will improve maritime security, concluded a report by the Government Accountability Office (GAO)
Teekay posts losses for 1Q TEEKAY TANKERS today reported $2M losses for 1Q13 as it continued to struggle with weak crude rates
Time to think about using LNG? If a vessel is spending a third or more of its time in a control area then it is time to think about using LNG as a fuel, the International Association of Ports & Harbors conference in Los Angeles heard yesterday
Chinese companies enter APLNG contracts SIX Chinese companies have entered lump-sum contracts with Asia Pacific LNG (APLNG), the state-owned Assets Supervision and Administration Commission released today
KSS Line 1Q profit up 41% SOUTH Korean chemical and LPG shipping specialist KSS Line said today that 1Q13 profit rose 40.9% year on year to 6.6Bn won ($6.06M)
Union fighting Concordia extradition THE INDONESIAN Seafarers' Union is fighting the extradition of a seafarer facing trial in Italy over the death of 32 people onboard Costa Concordia
Wilh Wilhelmsen books PCTCs WILH Wilhelmsen has ordered up to four post-Panamax pure car and truck carriers at Hyundai Heavy Industries today
Pakistan, Indonesia boost ICTSI profits MORE volumes handled through its new terminals in Jakarta, Indonesia and Karachi, Pakistan boosted ICTSI's profits by 15% in the first quarter this year
China: coal imports up, exports down CHINA has imported 110M tonnes of coal from January to April, an increase of 25.6% compared to 2012, according to statistics released by China's General Administration of Customs (GAC) today
Second suit for Changhang Phoenix SHENZHEN-listed Changhang Phoenix and its parent China Changjiang National Shipping (Group) have been sued to pay back 637M yuan ($103M) in early matured bank loans, the second suit in two weeks
LUKoil to ship crude east to Kozmino LUKoil has agreed with Transneft, the state pipeline company, to start pumping oil for export on the East Siberian Pacific Ocean (ESPO) pipeline to the Kozmino Bay tanker terminal, on the Sea of Japan
ASL ups profits by 21% ASL Marine Holdings said today that profits for the third quarter, ending 31 March, rose 21% due to revenue growth from its shipbuilding and ship chartering divisions
RCL, MCC swap slots INTRA-Asia carriers RCL and MCC Transport have entered into a slot exchange agreement
HMM seals CoA with Komipo HYUNDAI Merchant Marine has sealed a contract of affreightment with compatriot power generation company Korea Midland Power
Pacific Forum Line to Revise South Pacific Service Pacific Forum Line has announced a few changes to its Southpac service. The Southern Lily 2 will depart from the service in mid-May and will be replaced by the Southern Lily 3. Toward the end of the month, the Southern Cross will also depart from the service and will be replaced...
MOL Auto Logistics to Launch India-SE Asia Service Japanese ocean carrier Mitsui O.S.K. Lines announced plans to launch an India-Southeast Asia roll-on, roll-off service, later this month. MOL Auto Logistics (India), a wholly owned subsidiary of MOL, said the monthly "pure car carrier" service will link Mumbai and Chennai/Ennore, India; Colombo and Hambantota, Sri Lanka; and Singapore. "The service...
Investors Maintain Confidence in JadeWeserPort JadeWeserport in Germany has handled 33,000 containers since it opened in September 2012, at odds with the 2.7 million projected when state governments began the €10 billion (about US$13 billion) project a decade ago, Bloomberg reports. The port relies on two weekly services from the operator's main shareholder, A.P. Moller-Maersk, to...
IAS Logistics to Copy Texas Trucking Operation at Other Airports IAS Logistics has plans to replicate its Texas Trucking Operation in Los Angeles, Chicago and Miami. Originally founded in 2008, the air freight trucking company carries about 750,000 pounds of air freight daily on its scheduled full truckload and less-than-truckload services throughout its Texas network, operating from the state's airports in...
Port Saint John's Container Tonnage Jumps Port Saint John in New Brunswick reported its container tonnage in the first four months of 2013 was 154,939 tons, jumping 77 percent from 87,752 tons in the same period in 2012. Throughput in terms of 20-foot-equivalent units from January to April was 24,190 units, up more than 50 percent year-over-year from...
CMA CGM to Launch Intra-Morocco Service CMA CGM will launch a new intra-Morocco service, the New Morocco Shuttle. Commencing May 11, with the Oued Ziz, the weekly service will be operated with the following rotation: Tangier, Casablanca, Agadir and returning to Tangier. The carrier has also added an eastbound call at Maputo, Mozambique, to its ASAF service, connecting...
GAO: Jones Act Carriers Serve Reliability Puerto Rico has less than one week's supply of fresh foods stored on the island at any given time, making reliable food deliveries one of the key advantages of the Jones Act, according to a study by the General Accountability Office. Asked to study the effect the cabotage law has on...
SeaFreight to Boost Caribbean Island Rates SeaFreight will increase rates for southbound dry and refrigerated cargo to ports in Aruba, Curaçao and Bonaire, effective May 19. For dry cargo, the hike will be $40 per 20-foot container, $60 per 40-foot container and $180 per 45-foot container. For reefer cargo, the increase will be $80 per 20-foot and...
Maersk to Raise Asia-Africa Rates in June Maersk Line will increase rates for dry shipments on its trade from the Middle East and the Indian subcontinent to East Africa, starting June 1: From the United Arab Emirates and Oman to Djibouti, the hike will be $100 per 20-foot container and $200 per 40-foot and 40-foot high-cube container. From the...
APL Changes Asia-North America Service APL will replace its SZX Service Ex Colombo with its AZX Service, beginning with the OOCL Oakland, voyage 035, with an estimated time of departure from Singapore on May 24 and an ETD from Colombo, Sri Lanka, on May 28. The last SZX sailing will be the President Truman, voyage 236,...
Evergreen to Hike Costa Rica-US Reefer Rates in June Evergreen plans to boost rates for refrigerated cargo on its trade from Costa Rica to the U.S. and Puerto Rico, starting June 5. The increase will be $100 per 40-foot high-cube reefer container, the carrier said....
Cosco to Increase Intra-Asia Rates Cosco Container Lines will raise rates for all shipments on two of its trade routes: Effective May 15, from the Far East to the Indian subcontinent, the increase will be $100 per 20-foot-equivalent unit. Starting June 1, from the Far East to the Persian Gulf, the hike will be $300 per...
Delmas to Boost Midas Line Rates in June Delmas will increase rates for all dry and refrigerated containers loading on the Midas line, serving the Indian subcontinent, the Middle East and West Africa, effective June 1. The hike will be $150 per 20-foot-equivalent unit, the container line said. Separately, the carrier said it will be adding a direct call at...
North American Rail Traffic Up North American carload and intermodal traffic were up year-over-year in the week ending May 4, according to the Association of American Railroads. North American rail volumes through May 4, 2013 Full-size image Combined North American carload volume, including all three North American Free Trade Agreement partners, climbed 2 percent from the same week in 2012...
USDA, Port Hueneme Appeals Keep Inspectors on the Job Meat and poultry inspectors, normally among the most anonymous and least visible of the federal government's work force, received enormous media scrutiny in early April - simply because they went to work as usual. The Washington Post, New York Times and Wall Street Journal all took a lengthy look at...
Shippers Digging Deeper for Truck Capacity One bright side to an economic recovery moving slower than molasses is that sluggish growth has kept truck supply and demand in rough balance during the last four years. The capacity crunch much feared in the recession's wake never caught up with shippers, despite shrinking fleets at the largest trucking...
Air Transport Services Group's Profit Up, Revenue Down Air Transport Services Group reported net income in the first quarter of 2013 was $8.5 million, increasing 32.2 percent from $6.4 million in the first quarter of 2012. On the other hand, quarterly revenue was $143.3 million, down 1.5 percent from $145.5 million in the same quarter last year. The aircraft...
Cambis in the crosshairs The US Department of the Treasury has taken action against Greek shipping executive Dimitris Cambis for the second time in less than two months for alleged dealings with Iran.
Cargill: buy low sell high Cargill has a series of bulkers under construction in China but does not intend to be a shipowner over the long-term, the head of the US commodities giant's shipping division said Thursday.
TK confirms TMT trouble Teekay Tankers management confirmed today that they have taken control of two VLCCs in the fleet of troubled Taiwanese owner Today Makes Tomorrow (TMT) but expressed confidence they will emerge whole on their financing of the tankers.
Moreno departs DoJ The assistant attorney general of the US Department of Justice's (DoJ's) Environmental and Natural Resources Division (ENRD) on Thursday officially announced plans to step down following a tour of duty that lasted nearly five years.
TNK lands period deal Teekay Tankers has secured a three-year time charter for one of its aframax tankers, the New York-listed owner told investors Thursday.
HMM bags coal deal Korea's Hyundai Merchant Marine (HMM) has won a 15-year deal to carry coal.
TGP steps up the hunt Teekay LNG Partners (TGP) is already in the hunt for work for two newbuildings ordered just under six months ago.
Teekay on script New York-listed Teekay Corp reduces Q1 loss as results edge ahead of forecasts.
TOO profit slashed Financial costs have hindered Teekay Offshore Partners (TOO) in the first quarter.
Failed deal sparks dispute A containership sale that never happened has led to a legal battle between a German KG scheme and a Middle Eastern trading group.
GSL takes paycut Global Ship Lease (GSL) has ensured its fleet remains fully employed for at least another year after stretching charters on two boxships, but the owner has been forced to take a large paycut on the pair.
Maersk deal looking hot A takeover of Maersk's handysize LPG fleet looks set to pay off for Wilbur Ross and Navigator Gas, a leading analyst believes.
Courage cuts deficit Cost cuts have helped Courage Marine to reduce its first quarter red ink.
Ultrapetrol turning around Argentina-based Ultrapetrol slashed its first quarter net loss and made a return to operating profit.
Big delays in Genoa The busy port of Genoa in Italy will re-open after the Jolly Nero smash on Thursday afternoon, but owners face big delays.
Global reveals defaults Malaysian tanker owner Global Carriers has outlined details of its rescue plan and loan defaults as its shares were suspended on Thursday.
Cruise couple missing Australian rescue workers are searching for a couple who disappeared from a Carnival ship last night prior to its arrival in Sydney.
Wilson worse again Norwegian mini-bulker owner Wilson has fallen to a bigger first quarter loss as revenue declined.
Heavyweight in at Clarksons Franklin Templeton has emerged as a dominant independent investor in the world's largest shipbroker Clarksons.
Chowgule further into red Bulker owner Chowgule Steamships has posted a bigger annual loss as costs outstripped revenues.
MEO books $40m deals Miclyn Express Offshore (MEO) has boosted its backlog by $40m with two new contracts related to Australia's LNG projects.
"There is no more water"
Ezion jacks up earnings Ezion has posted soaring first quarter profit as revenue ballooned and the company booked a one-off gain from an asset sale.
KLC shares crash Korea Line Corp saw its market value all but chopped in half today as its shares began trading in Seoul after a gap of nearly four months.
Tankerska sells another Croatia's Tankerska Plovidba continues to trim its fleet with the sale of a bulker.
Shipping headache Commerzbank has recorded higher first-quarter loan provisions at its shipping unit Deutsche Schiffsbank in the continuing slump.
Ocean Breeze scuttled A Philippines bulker has been sunk off Chile, eight months after it grounded on a beach.
Few details in ABF, Teamster agreement While the International Brotherhood of Teamsters has put what a local union calls "a tight lid" on information about a proposed five-year contract deal with ABF, analysts are trying to figure out what a new agreement would look like.
Hong Kong terminal working to restore operations Hutchison Port Holdings Management said a wage increase proposal put forth by the external contractors at its Hongkong International Terminals, providing a 9.8 percent pay rise, has been accepted by their workers.
Investment firm buys Rocla Tie
DHL adds Asia-Europe intermodal links
Courier group changes name
Outsourcing firm offers data solution for carriers Though only introduced recently, EXL Service's program has been in place with a North American less-than-truckload carrier for the past few years, and it has saved the firm $80 million in revenue by improving data capture.
Spanish version of U.S. trade finance guide released The guide was created to help U.S. small and midsized businesses overcome one of their major export challenges, how to get paid from export sales, thereby helping turn their export opportunities into sales, the Commerce department said.
XRS sees second consecutive quarterly income
U.S. steel exports rise in March
New liner service offered between Houston and Puerto Rico
Labor rights unsettle U.S.-Bahrain trade relations
Former Marine Corps logistics workers plead guilty to bribery
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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