Trade Route Intelligence: Steadfast trade from Asia to Australasia A new free trade agreement could add momentum, but whether it brings the hoped-of benefits remains to be seen
Data Hub: Charter market Depressed rates overshadow Eisbeinessen as panamaxes suffer from lack of interest
Data Hub: Box lease update Moderate peak season demand hits container leasing companies
Data Hub: Trade Statistics Recent trends in Asia seem to be going in the right direction
Ardmore reports improved earnings and supply-demand balance But costs of going public weigh down its third-quarter results
Torm tanker guards foil Indian Ocean hijack attempt Port 2 Port also deters attack in southern Somali basin
Softship takes care of commercial workflow for shippers Maritime company's software extends to liner operators, agents, ro-ro and breakbulk
London Gateway opening strikes a positive note For a start-up terminal to win business from an established rival is no mean feat
Bernhard Schulte sells three chemtankers for $36m Deal with Dong-A Tanker marks a busy week for sales
Nordic American Tankers posts a narrower net loss Rising voyage revenue boosts bottom line
Eurotankers and Teekay close rare suexmax sale Only nine such ships have been sold so far this year
BW LPG plans initial public offering for November 25 Company expects to raise $280m on the Oslo Stock Exchange
BW Group eyes US Gulf LPG market Vessel chartered out to Geogas on two-year contract
The slings and arrows of shipping UK Thoughts turn to the state of the maritime nation as Trinity House turns 500
ICTSI net income rises 29% Terminals in Karachi and Jakarta boost Philippines port giant's results
Hanjin Shipping president steps down following liquidity woes Eighth-largest container line ponders ways to shore up its balance sheet
China Merchants Energy Shipping secures $510m loan for VLCCs Import-Export Bank of China backs 10-newbuilding booking from home-grown yards
Frontline sales lift a flat Diwali week for demolition But scrapping prospects for year-end are seen as improving
Teekay Offshore posts higher cashflow Chief executive Evensen signals continued growth in distribution
Chinese ports struggle as regional competition intensifies Slowing growth underlies big changes taking place at east Asian ports
Frontline's future in the balance as it ponders fate of older VLCCs Fredriksen must decide whether to sell or scrap large tankers
Capesizes are in for a bumpy ride This week's rates rebound belies declining fundamental demand
NAT pares its losses HERBJORN Hansson-led Nordic American Tankers today posted lower losses for its latest quarter, as Suezmax spot rates improved
Malacca pirates strike PIRATES were reported today to have attacked a second tanker in a month off Malaysia
Walvis Bay loan agreed AFRICAN Development Bank said today it is lending ZAR2.9Bn ($338M) to Namibia Ports Authority for a new box terminal
NOCC buys back part of bond issue NORWEGIAN Car Carriers said today it has received a committed offer for refinancing a bank facility secured on three vessels
CEO quits in shadow of Finnlines losses GRIMALDI'S Baltic subsidiary Finnlines said Uwe Bakosch has resigned after four-and-a-half years as CEO and president
Hanjin president resigns HANJIN Shipping said today president and CEO Kim Young Min is resigning, after the company continued to suffer losses and delay in financial support from major creditor banks
Bulker S&P remains strong SALES and purchase activity remains high for bulkers, with several Panamaxes changing hands last week
NADL files IPO papers NORTH Atlantic Drilling said today it has filed amended registration statements for its IPO in New York
BW prices its IPO BW LPG said today it will price its IPO on the Oslo Stock Exchange at 40-50 kroner ($5.8) per share
Same Day? No Way Does the sudden renewed interest in same-day delivery of online orders reveal a genuine underlying opportunity, or will these services fail spectacularly the way Kozmo.com, Webvan, Home Grocer and others did when the dot-com bubble burst more than a decade ago? There is full-on hype over same-day delivery. Declaring that it's...
FMC Keeps 'Open Mind' on P3 This is the first in a series of articles looking at the P3 Network's chances of approval in the U.S., Europe and China. WASHINGTON - The Federal Maritime Commission likely will focus on two key words - "unreasonable" and "likely" - as it determines in the coming weeks whether to allow...
XPO Logistics Revenue Leaps 173 Percent Recent acquisitions and strong in-house growth powered a 173.3 percent leap in total revenue at XPO Logistics to $194 million in the third quarter. The transportation and logistics firm's freight brokerage revenue, which accounts for nearly 80 percent of XPO sales, rocketed 374.4 percent to $152.6 million. XPO is well on its...
Crane Worldwide Logistics Adds Leadership to the Global Compliance Team Houston-November 07, 2013-Crane Worldwide Logistics, a full-service air, ocean trucking, customs brokerage and logistics company, recently announced the addition of Cedrick Young and Harry Gerritsen to Crane Worldwide's global compliance team. Young and Gerritsen combine to add more than 30 years to the compliance team. Young will take over at Crane...
Amazon Launches Sunday Deliveries With USPS Amazon.com has unveiled a new partnership with the U.S. Postal Service to deliver packages on Sunday, starting in the Los Angeles and New York metropolitan areas. Amazon Prime members, who receive unlimited two-day shipping on items from the world's largest Internet retailer, can now receive their packages on Sunday in these...
USA-ITA rebranded as United States Fashion Industry Association (USFIA) Yesterday, the United States Association of Importers of Textiles & Apparel (USA-ITA) launched our new brand: United States Fashion Industry Association. Our new brand includes a new mission statement and values statement that more clearly communicates our purpose and direction for the future. The launch took place at the 25th Annual Textile...
Symposium on 'Building Florida's Future' brings together key leaders to position region and state's future in transportation, economic development and workforce TAMPA, Fla.-As part of the Florida Chamber Foundation's rollout of the highly anticipated 2013 Trade and Logistics Study on Monday, November 4, some of the state and nation's most notable thought leaders came together to discuss major topics in the areas of regional economic development, transportation, infrastructure and education, leading...
Kalmar Ottawa Leads the Way with Emissions-Compliant Terminal Tractors OTTAWA, KANSAS - Underscoring its position as the leading manufacturer of terminal tractors, Kalmar Ottawa is setting a clear standard for engineering trucks that produce fewer emissions and deliver better fuel efficiency while actually improving performance. In 2012, Kalmar Ottawa was the first terminal tractor maker to offer trucks equipped with Cummins...
Ryder UK Supplies Tractors to QV Foods' Fleet Ryder has renewed the 12 vehicle fleet of QV Foods, one of the UK's leading suppliers of fresh, prepared and bulk potatoes and vegetables. Under a five year contract hire deal Ryder has supplied a combination of DAF XF105 and CF85 460hp 44-tonne tractor units. The new tractors will operate with...
Seko Logistics Joins Advisory Board of the International Omni Retailing Members Association David Emerson, Group Sales and Marketing Director at SEKO Logistics, has joined the Advisory Board of the International Omni Retailing Members Association (IORMA). The Association provides global and regional knowledge for members on all matters relating to the growing world of Omni-channel retailing. IORMA's services benefit businesses, organisations, government and academia...
JOC Economist: Bangladesh Garment Exports to US to Keep Falling The cost of apparel production in Bangladesh will rise "markedly" in the coming years, pushing down containerized exports to the U.S., said Journal of Commerce Economist Mario Moreno. The closing of factories for much-needed safety repairs and disruptions of factory hours caused by massive street protests appear to have already increased...
JOC Trucking Employment Index Flat in October JOC For-Hire Trucking Employment Index Full-size image Higher employment in such sectors as retail sales and automotive and furniture manufacturing did not deliver jobs for trucking last month.Trucking made few employment gains in October, keeping the Journal of Commerce For-Hire Trucking Employment Index flat month-to-month at 95.7. The index, based on U.S....
Looking Back to Look Forward As the end of 2013 nears, many of us are being asked to forecast what will happen in 2014 as we prepare our budgets. What does global trade growth look like? What about individual trades? Where are carrier rates going? Wrap that up in a package and send it to the...
Hiring Dispute Threatens Productivity at NY-NJ Port After the Waterfront Commission of New York Harbor held a series of lively hearings in 2010 on work and pay practices at the East Coast's busiest port, Commissioner Ronald Goldstock said the crime watchdog agency's work was just beginning. "Give us five years and this waterfront will be unrecognizable," Goldstock said. Three...
Waterfront Commission's Hiring Duties Unique New York-New Jersey is the only U.S. port where the size of the longshore work force is set by a law enforcement agency that must approve new hires. It's been that way since 1953, when the Waterfront Commission of New York Harbor was created to clean up job-selling, kickbacks, loan-sharking and...
Carrier-Affiliated Terminals Weigh Cost-Cutting Options A significant change in the relationship between shipping lines and marine terminal operators is under way, with carriers placing less emphasis on owning and operating their own facilities and more emphasis on reducing costs and preserving capital. "The days of ocean carriers having their own marine terminals are waning," said Tay...
US-EU Restart Free Trade Talks in Wake of Spying Scandal The European Union and the United States began a second round of free trade negotiations in Brussels today even as recent spying allegations have undermined trust between the world's biggest commercial partners. The planned week-long talks are expected to focus on investment, services, energy and regulatory issues. The second round of Transatlantic...
Italy's Port of Livorno Sees Future in Ro-Ro Traffic NEW YORK - In the last decade, Italy's Port of Livorno has become increasingly reliant on roll-on, roll-off traffic, signifying a shift in the port's long-term outlook. In 2003, ro-ro traffic at the Port of Livorno accounted for 29.9 percent of overall volume, but by 2012, it accounted for 38.5 percent of...
Arkansas Best's Profit Jumped in Third Quarter Arkansas Best today reported net income of $14.0 million in the third quarter of 2013, up 114.5 percent year-over-year from $6.5 million, driven by a "seasonally strong" business environment for ABF Freight System and higher revenue from emerging businesses. Quarterly revenue for the transportation company, No. 11 on JOC's list of...
Weakened Typhoon Hits Vietnam After Devastating Central Philippines, Heads for China People walk among debris next to a ship washed ashore in the aftermath of Typhoon Haiyan at Anibong in Tacloban, the Philippines on Nov. 11, 2013. Photo: Noel Celis/AFP/Getty Images.More than 10,000 people are feared dead after Typhoon Haiyan (Yolanda) caused widespread devastation in the central Philippines on Friday and...
Grimaldi bins one Italian liner operator Grimaldi Napoli is said to have scrapped an ageing conro as it prepares to welcome replacement newbuildings to its fleet.
Golden JV cashes handy John Fredriksen's Golden Ocean and Glencore have sold off a handysize bulker bought from STX Pan Ocean in September.
Algoma slips in Q3 Canada's Algoma Central Corporation has posted a dip in third-quarter profit, but the trend for the year is up.
Finnlines sells up Finnish owner Finnlines has sold a 1995-built ro-pax to its parent Grimaldi Group.
Godafoss hit by fire Crew have been forced to extinguish a fire on an Eimskip boxship for the second time in three years.
Still time to vote Voting for the 2013 TradeWinds Maritime Photographer of the Year closes on Wednesday, so readers can still affect the outcome.
Premuda increases deficit Italian tanker and bulker owner Premuda has seen its loss double so far this year.
Ardmore red but ahead Ardmore Shipping has reported a smaller than expected loss for the third quarter.
Allseas back at DSME Allseas Marine Contractors has unveiled plans to build a platform installation and decommissioning vessel that will dwarf its existing giant.
Oaktree's growing interest Oaktree Capital has seen its investment in US listed shipping companies grow by over $50m during the third quarter despite selling out of Genco Shipping & Trading.
Boxship leak injures two Two people were hurt and another 19 were taken to hospital as a precaution after a leak on a boxship in Belgium.
Dragon hit by fire Firefighters have brought a blaze under control on a grounded Heung-A boxship off Vietnam.
SSC profit down Car carrier owner Singapore Shipping Corp (SSC) saw its third quarter profit sliced by a fifth despite a huge jump in revenue.
Wellington has more STNG Wellington Trust has added to its investment in Scorpio Tankers with the purchase of more shares in the New York-listed owner.
Pipavav targets new cash India's Pipavav Defence and Offshore Engineering is in advanced talks to bring in a new investor.
Superstorm causes chaos One crewman was reported missing as super-typhoon Haiyan forced a boxship, a tanker, cargoships, ferries and barges ashore in the Philippines over the weekend.
SALT secures $330m Scorpio Bulkers has netted a loan to pay for a chunk of its vast newbuilding orderbook.
SBM sells only OSV SBM Offshore has offloaded a diving support construction newbuilding to leave it as a pureplay FPSO outfit.
NAT's king cull Nordic American Tankers has voiced hope for an improved suezmax market, suggesting almost half of the orderbook will fail to arrive.
Shreyas stronger India's Shreyas Shipping & Logistics has pushed up its profit in the second quarter.
Tamai turns it round Japan's Tamai Steamship has returned to profit in the first half despite a revenue drop.
Iran's inducements Iran is said to be offering free delivery of crude to India to keep exports flowing.
BW LPG prices IPO BW LPG, the world's largest operator of VLGCs, officially launched its Oslo initial public offering (IPO) Monday.
Torm beats off pirates A Torm product tanker has escaped an attempted piracy attack off the east coast of Africa.
SALT in the city Scorpio Bulkers has unveiled its expected initial public offering in New York while simultaneously providing for existing holders to exchange their stock for shares in the new listing.
Hanjin CEO stands down Hanjin Shipping chief executive Young Min Kim has agreed to step down from the post with immediate effect.
Shell deal confirmed Tristar Transport has confirmed that it has ordered six MR tankers on the back of medium-term charters to oil major Shell.
Obama promotes infrastructure investment at Port of New Orleans
New Zealand ambassador visits Port of Philadelphia
Hanjin Shipping CEO resigns, citing losses Hanjin Shipping said Young Min Kim, president and chief executive officer, resigned "to take responsibility for the company's continuing losses and delay on financial support from major creditor banks."
Canadian Shipper group 'rebranding'
Russian-flag welcomes first VLCC
Strong third quarter for Arkansas Best The company finished the third quarter with revenues of $623.4 million, finishing up 7.9 percent compared to the third quarter of 2012. Net income rose from $6.5 million in the third quarter of 2012 to $14 million.
Port of Los Angeles offers incentive to shippers Under the program, ocean carriers will earn $5 per TEU for each incremental container shipped through the port in 2014. The rate jumps to $15 per TEU if a carrier's container volume grows by 100,000 or more units during the year.
USDA opens Atlanta plant import inspection station Since 2005, plant cargo into Atlanta has increased from fewer than 4 million plant imports to more than 200 million plants, according to officials. Atlanta is also the second-busiest point of entry for flowers.
ICTSI volume, profits up with help from new terminals
OW Bunker 'valued at up to $895 million' 'No final decision on listing.'
Markets react to cut in fuel oil exports Fujairah prices at double-digit premium to Singapore benchmark as Iranian sanctions continue.
Prices firm in Fujairah Avails 'very tight' in Middle East hub.
Prices start week firm across Europe Avails continued to be tight in Rotterdam.
Online auction cuts lubes' costs Process involved intensive preparation work but proved worth it, says company.
Port on track to meet PM emission reduction target 'With our shore power project, we expect to knock another 11 tonnes of diesel particulate matter out of the air.'
Delayed payments can restrict company growth Which makes judging a counterparty's credit worthiness correctly all the more important, says senior bunker exec.
Mauritius to 'liberalise' bunker sector Finance minister wants bunkering to be at the centre of the island's marine services.
Asian IFO prices start week higher Supplies remain tight in Busan.
Chinese bunker supplier plunges into red Firm's revenues halved over the year.
Andatee regains compliance on Nasdaq ruling Development a 'significant achievement' for Andatee, notes chairman.
'Image problem' of bunker hedging needs to be tackled Shipowners should also not be intimidated by use of complicated jargon, says KPI Brigde Oil spokeswoman.
UAE firm to add 'eco-friendly' vessels to fleet High bunker prices spurred $200 million deal.
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