Sibling groups sue Changhang Phoenix SHENZHEN-listed Changhang Phoenix has been sued by two sibling companies to pay 22.8M yuan ($3.7M) in overdue fees
Many boxes on MOL Comfort burned out MANY containers on the deck of MOL Comfort's bow section have been burned out, the broken box ship's owner told Fairplay today
Maybank warns on NOL's 2013 profits MAYBANK Kim Eng graded NOL's share rating down to 'hold' from 'buy' today, on the expectation that 2013 losses will hover about $182M
Lawyers strike, delaying Schettino's trial THE TRIAL of Francesco Schettino, captain of the cruise ship Costa Concordia, has been postponed until 17 July - because of a strike by Italian lawyers
China, Switzerland sign free trade deal CHINA has sealed a free trade agreement with Switzerland
Legal charter offered LAWYERS are being invited to subscribe to a new charter aimed at enabling seafarers to get legal advice at reasonable price
Jakarta addresses chronic port congestion JAKARTA is setting up a panel to push for reduced Indonesian port congestion in Jakarta
CMES falls into red SHANGHAI-listed CMES, the government-owned drybulker, gas carrier and tanker operator, said today it sank into the red in 1H13
Propane arrives at Tianjin JAPAN'S LPG trader Eneos Globe said today it has delivered Tianjin Bohai Chemical Industry's first propane shipment
IKK seeks to raise $55M JAPAN'S gas and chemical shipping specialist Iino Kaiun Kaisha said it aims to raise ¥5.5Bn ($55M) from selling 9.57M treasury shares
Idle box fleet nudges up THE TOLL of box ships without charter or service assignment rose in the second half of June for the first time in three months, a sector analyst said today
Migrant surge stirs Oz fight TWO RESCUES in one week off the Java coast involving merchant vessels have sparked debate in Australia and Indonesia as Australia's national election nears
STX O&S ruled off hook on Vale Beijing STX OFFSHORE & Shipbuilding is not liable for damages sustained to the Valemax ore carrier Vale Beijing
Yard gap widens in China BETTER financing terms and government backing is causing a widening gap between government-owned and private Chinese yards, said UOB Kay Hian Securities today
Electronics Exports Boosted Taiwan's Trade Figures in June The value of Taiwan's exports grew 8.6 percent year-on-year last month to US$26.48 billion, as shipments of electronic products and minerals rose 10.9 percent and 39.4 percent respectively, according to the Ministry of Finance. Exports of electronics were valued at US$7.6 billion, the third-highest amount ever recorded in a single month. The...
Australia's Trade Surplus Widened in May Australia recorded a seasonally adjusted trade surplus of A$670 million (about US$615.9 million) in May, increasing 292 percent or $458.7 million on the revised $157.2 million surplus in April, marking the nation's fourth consecutive monthly trade surplus. The value of exports rose 3.6 percent or $840.2 million month-over-month to $24.3 billion....
Hapag-Lloyd Launches Mexico-Jamaica Feeder Service Hapag-Lloyd has introduced a fortnightly feeder service between Puerto Progreso, Mexico, and Kingston, Jamaica, which will enable transshipments to and from Asia, Europe and the Americas using the container line's trans-Pacific, trans-Atlantic and intra-Americas routes. The new service will also allow Hapag-Lloyd to offer inland services to destination within the Yucatan...
DAT Predicts Robust Summer Truck Demand Truck tonnage should remain unusually robust this summer, buoyed by construction and manufacturing activity and resilient consumer confidence, said Mark Montague, industry rate analyst at DAT. "If your drivers and dispatchers were expecting to take a vacation in the slow season, they might wait until August. Or December," Montague said in...
Court Confirms ILWU Must Pay for Damages at Longview The Ninth U.S. Circuit Court of Appeals has upheld a district judge's order that two locals of the International Longshore and Warehouse Union pay damages to the National Labor Relations Board and an employer in connection with union picketing that turned violent at the Port of Longview, Wash., Metropolitan News-Enterprise...
Port of Virginia Handled Record Container Traffic in FY2013 The Port of Virginia handled 175,864 20-foot-equivalent units in June, up 4.4 percent or 7,434 units compared with June 2012, wrapping up the port's best fiscal year ever. Export TEUs in June tallied 93,020, while import TEUs were 89,635, year-over-year gains of 3.8 percent and 5.1 percent respectively. June's totals also closed...
Hapag-Lloyd, OOCL, NYK Line Switch Florida Call on Gulf Atlantic Express Service Hapag-Lloyd and its partners OOCL and NYK Line have decided to shift the South Florida call on the Gulf Atlantic Express service from Miami to Port Everglades. Florida International Terminal is the new terminal operator and stevedore for the service, which employs five 3,237-TEU container ships. "The GAX service offers our customers an additional well-established...
WCI: Trans-Pacific Westbound Rates Up 6.5 Percent World Container Index Rates to Shanghai Full-size image Trans-Pacific westbound rates from Los Angeles to Shanghai rose in the week of July 4, their first increase in 10 weeks, according to the latest release of the World Container Index. Eastbound Europe-to-Asia rates weakened despite a proposed July 1 general rate increase. Despite the...
FedEx Opens New Stations in North Rhine-Westphalia And Creates Jobs COLOGNE, July 8, 2013-FedEx Express, a subsidiary of FedEx Corp (NYSE: FDX), has opened new stations in North Rhine-Westphalia, thereby increasing its number of employees in this German state by 150 to around 750 in total in the past two years. The transport company announced that over the past four...
Employers Blame Fraud for ILWU Medical Claims Issues The dispute over dockworker medical claims that produced a labor shortage at some West Coast ports on Monday resulted from alleged fraud and abuse of the waterfront contract rather than incompetence on the part of the benefits plan administrator, the employers' association stated today. Jim McKenna, president of the Pacific Maritime...
Hactl Air Cargo Import Volume Falls 15 Percent Hactl Air Cargo Volume Full-size image Air cargo imports handled by Hong Kong Air Cargo Terminals Ltd. declined year-over-year in June, falling 15 percent to 49.4 million kilograms from 58 million in June 2012. Overall air cargo volume fell 3.2 percent as a result, to 169.4 million kilograms. The overall import tonnage was 9.7...
Canada's Tariff Elimination Holds Potential for US Firms Canada is cutting tariffs on imported baby clothingThe Canadian government will no longer impose tariffs on imported baby clothes and selected sports equipment. Royal assent has been given to Bill C-60, the Economic Action Plan 2013 Act, No. 1. Division 1 of Part 3 of that legislation makes the changes to the...
NY-NJ Port Terminals Say They're Attacking Delays Container terminal officials in the Port of New York and New Jersey said they're sensitive to port truckers' problems and are working to eliminate delays and congestion aggravated by volume shifts and seasonal labor shortages at the East Coast's busiest port. "We clearly recognize we have an obligation to get it...
Long Beach Harbor Commission Names Michael Gold Director of Communications and Community Relations The Long Beach Board of Harbor Commissioners has selected Michael Gold as Director of Communications and Community Relations for the Port of Long Beach, beginning in mid-July. The Board voted Gold to the post at their July 1 meeting, following a six-month search to replace Heather Morris, who retired after heading...
FMCSA Grants Livestock Truckers Waiver From Hours of Service Rule As temperatures rise, truck drivers hauling livestock will get a 90-day reprieve from a 30-minute rest break provision of the new hours of service rules. The Federal Motor Carrier Safety Administration said July 8 it will grant the temporary exemption "to ensure the well-being of the nation's livestock" during transport. The...
Oregon Eyes First-in-Nation Road Usage Charge The Oregon State Legislature has passed legislation to establish a road usage charge system for transportation funding, which is expected to be signed by Oregon's Gov. John Kitzhaber in "coming days." SB810 will authorize the Oregon Department of Transportation to assess a charge of 1.5 cents per mile for up to...
Customs Broker Gets Jail Sentence for Fraud Scheme Gerardo Chavez, 42, the former president of the San Diego Customs Broker Association, has been sentenced to 37 months in federal prison for his role in a multimillion-dollar commercial fraud scheme to evade paying duties on goods imported into the U.S. In addition to the prison term, Chavez was ordered by...
123Loadboard.com Increases Trucking Industry Health Awareness at Tough Mudder Event Montreal, QC (PRWEB) July 09, 2013 123Loadboard.comTM, a leading freight matching service for the trucking industry, participated in Tough Mudder for a second year running to promote health and wellness in the trucking industry and raise money for the Wounded Warrior Project. "Having participated for a second year running, Tough Mudder is definitively the...
SCF to float in New York? Sovcomflot's long-delayed partial privatisation could eventually happen in New York and not in London as previously suggested, according to reports in Russia.
Boost for UDSC Ukraine is boosting the share capital of shipowner Ukrainian Danube Shipping Company (UDSC).
Vipco nears target Vietnam Petroleum Transport (Vipco) has achieved 98% of its annual profit aim in the first six months.
Baltic's buy a hit Baltic Trading's $41m return to the sale and purchase market has won support on Wall Street.
CNCo makes US move China Navigation Co (CNCo) has expanded its presence in the Pacific after taking full control of San Francisco-based Polynesia Line (PLL).
Aframax coup for Cosco Cosco Corp (Singapore) has announced three new orders worth more than $210m, including aframax tankers.
Geden sells again? Geden Lines is tipped to have sold off its third ship in just a couple of weeks.
Victory for Rongsheng Rongsheng Heavy Industries has finally seen off a legal threat from shareholder Aegon over an aborted takeover in 2012.
GMS books one more Abu Dhabi-based Gulf Marine Services (GMS) is adding another self-elevating support vessel (SESV) to its fleet.
Concordia trial delayed The trial of Costa Concordia captain Francesco Schettino has been postponed in Italy due to a lawyers' strike.
Stena ships to stay put Swedish charterer Stena Oil has reacted angrily to plans by authorities in Sao Tome and Principe to keep hold of two tankers involved in a "smuggling" case while the crews fly home.
Ariston swerves STX bullet Ariston Shipping of Greece has found work for a handymax bulker after its previous charter with STX Pan Ocean fell through.
Dockwise bags $175m deals Dutch outfit Dockwise has secured two new contracts for the world's largest semi-submersible heavylift vessel.
GSI faces long wait Guangzhou Shipyard International will have to wait a long time before the addition of Longxue Shipbuildng makes a positive contribution to its bottom line, a leading analyst says.
Daewoo books box giants Daewoo Shipbuilding & Marine Engineering (DSME) has won an order for three huge new containerships worth KRW 481.2m ($422m).
Rongsheng faces red run China Rongsheng Heavy Industries will remain in the red for the next three years as the absence of any fresh contracts in 2013 hurts its bottom line, Barclays Capital believes.
MSC heads to Somalia Swiss container line MSC has launched a link from Somalia to Belgium.
Tian quits Sinotrans Sinotrans Shipping boss Tian Zhongshan has resigned after 10 years at the top.
Caspar orders 10 Azerbaijan's state shipowner Caspian Shipping (Caspar) has placed its first new ship orders at a domestic shipyard.
Fire still raging Bad weather is making it difficult for salvors and the Indian Coast Guard to extinguish the fire burning on the forward section of the severed boxship MOL Comfort (built 2008).
FSL teams with Teekay Singapore-based First Ship Lease says that Teekay Chartering will assume commercial management of the first of two tankers it has taken back from troubled Turkish owner Geden.
Su saves Whale Taiwanese shipowner Nobu Su's Today Makes Tomorrow (TMT) has won a last-minute temporary stay of execution for its combination carrier C Whale (built 2010) in Singapore.
Swire acquires rest of Polynesia Line China Navigation has held a 13 percent interest in PLL since 1979, and now has acquired the remaining 87 percent. Swire said management of PLL will remain in San Francisco and Interocean Steamship Corp. will continue.
Truck spot rates rise in June In June, truck spot rates for van, flatbed and refrigerated loads rose when compared to May's results, and spot market capacity declined by 18 percent, but costs didn't increase as much as anticipated, according to a DAT analysis.
Washington Notebook: CBP to launch next-gen C-TPAT portal... and more
MOL Comfort blaze continues
Hapag-Lloyd switching Florida ports
Priceline approach to cargo movement The Website OneMorePallet.com boasts a "name-your-price" payment option that then matches shippers with truckers who have available capacity and are looking for cargo, saving shippers time and money with their searches.
Analyst says container carriers stuck in GRI 'rut'
U.S. meat exports hurt by Russian ban Russia's chief sanitary inspector complained to the Moscow Times newspaper that the United States was trying to use political and administrative pressure to overturn the ban instead of going to an international court.
Maersk hikes rate on cargo moving from Miami to Panama
Great Lakes ore shipments down in June
Aloha Cargo to hire 50 for new facility
NY/NJ tops on Jones Lang LaSalle seaport index
Australian retailer uses Descartes for online grocery growth
Can Ertem joins OI New addition will bolster management team, says CEO.
Demand picks up in Fujairah Middle East hub reports 'ample avails'.
European IFO prices show little movement WTI showed losses in early trading.
Japanese fuel oil demand set to fall further Moves underway to restart more of the country's nuclear power stations.
Market-based measures no threat to developing countries New study has found that market-based measures for shipping emissions will not hurt poorer economies.
Port operations can be 'dramatically more sustainable' Battery-power vessel drives innovation.
Bunker companies have skills to benefit from LNG bunkering Potential is there, says Singapore-based player.
Asian IFO prices fall slightly Smooth supplies reported across key ports in the region.
Stena Oil accuses West African state of 'piracy' Imprisoned captains are 'victims of an unscrupulous government trying to enrich itself by confiscating assets from foreign businesses'.
LR and MPA team up on LNG bunkering standards Aim is to support Singapore in developing LNG bunkering infrastructure.
Alfa Laval applying for scrubber patent Patent concerns a 'cleaning apparatus for gas scrubber fluid', says US Patent & Trademark office.
Start of bunkering ops at Hambantota further delayed Bunkering operations now expected to commence from August.
GE reiterates commitment to power 'tomorrow's fleets' 'We see the whole ship,' says marine vertical leader at GE Power Conversion.
Fjord Line receives delivery of LNG-fuelled cruise vessel Delivery will 'set standard for similar projects to come', says shipyard director.
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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