Cash buyers pay over the odds in subcontinent demolition deals Speculation fears return after flurry of high-priced sales for scrap
Ports must provide reception facilities for cargoes that harm marine life Green pressures highlight looming 2015 Marpol annex deadline
Liquefaction tops Intercargo's agenda Trade body pledges to tackle cargoes that kill
Tanker missing in Southeast Asia Regional maritime authorities ask passing ships to look out for Danai 4
New attacks show Somali pirates will put up 'a real fight' for ships Gang returns warning shots as monsoon season's end brings threat of fresh violence
Arcelormittal to introduce dry bulk charterparty vetting system Vessel rating considers steel cargoworthiness through independent inspections
VLGC rates harden on rising demand Robust market will bolster already healthy levels in coming quarters
Platten succeeds Brownrigg at UK Chamber of Shipping Master mariner takes over as chief executive in January
Unique sells medium range tanker for $12m Secondhand sales of MR tonnage pick up ahead of surge in refined oil product trades
APMT signs up Dutch consortium to build Costa Rica terminal Work on $460m project to start in first quarter of 2014
'Reference manual' will help US ports win investment cash Aim is to create 'investment grade' plans that propose the most sustainable and efficient solutions for projects
Ningbo shipyard blast kills seven Pollution feared after Sinopec tanker explodes at Zhangjiangqi
Cyclone Phailin sinks Wisdom Marine general cargoship Reports say Indian coastguard has rescued 18 crew of Bingo
Shipowners slam 'inflated' UK lighthouse charges Row relates to pension transfer and halting of navigation aid subsidies to Ireland
Wrist reaches into Angola The world's biggest ship supplier targets emerging African oil exporter
Seven killed in tanker blast AN OIL tanker caught fire and exploded in China, killing seven and leaking oil into a river, according to Ningbo authorities
CH sues PDVSA units SINGAPORE's CH Offshore said it has begun legal proceedings against subsidiaries of Venezuela's government-owned oil and gas company PDVSA
ETF accuses EC on tax THE ETF today accused the EC of missing a "golden opportunity" to make go government aid to shipping companies dependent on job creation and training for seafarers
Carbon dioxide monitoring conditions sought EUROPEAN ship owners today logged major reservations about the EC's plan to mandate carbon dioxide monitoring of ship emissions in 2018
Venezuela arrests ship VENEZUELA is today holding an oil exploration ship contracted by US oil services company Anadarko, IHS Global Insight reported today
Western Bulk passes 500 orders in IPO WESTERN Bulk said today it has received more than 500 offers for shares with its IPO about halfway through
European cargo bookings surge FREIGHT booking activity by European shippers should remain strong over coming weeks, predicted Danske Bank's European Freight Forwarding Index
Mauritian bribes fine sparks outraged reaction DUTCH dredging giant Boskalis, which pleaded guilty to paying bribes to obtain a Mauritius dredging contract, has escaped with fines totalling just 20,000 rupees ($660)
China's bulker cabotage rates strongly rebound CHINA's cabotage bulker rates have increased 16.9% quarter on quarter in 3Q13, due to the strong pick-up in the coastal coal shipping market
Resales still going strong SALES and purchases of Capesize and Panamax bulkers are still going strong today, even hough freight rates had a correction last week
More debt-to-equity plans seen for Frontline FRONTLINE'S decision to convert $25M worth of debt into equity could be the first of several such moves, a senior shipping analyst said today
North Atlantic Drilling to go public in NY NORTH Atlantic Drilling Ltd said today it plans to go public in New York
STX Pan Ocean left with just three box ships STX Pan Ocean is today left with three box ships after selling two more of them
Cido sells more tankers SOUTH Korean shipowner Cido Shipping has continued its fleet disposal regime with the sale of four Aframax tankers and two chemical tankers
HMM staff buy its shares HYUNDAI Merchant Marine staff have committed to buying 3M of the 15M shares that their employer is selling in a rights issue
UPS Asia Chief Decries Rate Volatility in Trans-Pacific Rate volatility on the trans-Pacific ocean trade illustrates that existing regulations are not working as intended, according to the new the new head of UPS's forwarding division in Asia. Jeff McCorstin, appointed president of global freight forwarding for UPS's Asia-Pacific region in September, told the JOC that the Transpacific Stabilization Agreement...
Matson Subpoenaed Regarding Molasses Spill Matson is cooperating with federal and state agencies looking into a molasses spill last month in Hawaii that killed more than 26,000 fish, and is providing all of the information requested by those agencies, spokesman Jeff Hull said on Oct. 14. Matson on Oct. 10 was served with a federal grand...
JOC Inland Distribution 2013 Wrap Up Bill Cassidy, Senior Editor, The Journal of Commerce, provides closing remarks on the successful JOC Inland Distribution 2013 conference in Kansas City, Mo. ...
Zim Container Ship Brings Yacht to Port of Savannah Port of Savannah's new barge crane offloading a 92-foot-long yacht from the Zim Ontario.Zim Integrated Shipping Service's special cargo team has handled a shipment of a 100-ton, 92-foot-long yacht, shipped on board the Zim Ontario from Asia to Port of Savannah. The Savannah Giant, a new barge crane delivered to the...
SCFI: Shanghai-to-US Spot Rates Dip Spot container rates to the U.S. East and West Coasts measured by the Shanghai Containerized Freight Index continued to decline in the week ending Oct. 11. The drop precedes an Oct. 15 general rate increase in Asia to U.S. lanes of $400 per 40-foot container, announced by Cosco and CMA...
Construction of Liverpool2 Advances The first 47 metric ton steel pile, part of the new quay wall at Liverpool2, is lowered into position in the River Mersey.Construction of Liverpool2, the Port of Liverpool's deep water container terminal, has entered a new phase, as steel piling gets underway in the River Mersey. Another shot of a...
Yusen Logistics Focuses on Mexico, Myanmar, Cambodia for Expansion NYK's container terminal at the Port of Tokyo.TOKYO - Yusen Logistics is focusing on building supply chains in Mexico, Myanmar and Cambodia, as the former provides customers easier access to the North American market and latter two allow shippers to diversify their sourcing. Closer to home, Japanese customers of the Tokyo-based...
SCFI: Shanghai-Europe Rates Tumble Spot container rates from Asia to European ports measured by the Shanghai Containerized Freight Index eroded for a ninth straight week during the week ending Oct. 11. This was the second straight week of double-digit declines. Shanghai Containerized Freight Index, Mediterranean, week ending Oct. 11, 2013 Full-size image The spot rate from Shanghai...
'Captain Phillips' on Screen and Off Capt. Richard Phillips knew the risks. A merchant seaman for 30 years and ship captain for nearly 20, the man at the helm of the Maersk Alabama has been forthright about the dangers his ship faced in sailing the pirate-infested waters off Somalia half a decade ago. "It was not a...
Shippers' Two-Sided Coin A recent report about September's South Carolina International Trade Conference, where shippers expressed concern that bigger container ships and larger carrier alliances will leave them with fewer options, sparked some quick thoughts, my first being, "You got what you asked for." When I joined the industry in 1972, the 30-plus ocean...
Port of Dover Names Waggott as Chief Executive ort of Dover in October 2013.Tim Waggott has been named chief executive of the Port of Dover, according to the U.K. port's harbor board. Waggott was named acting CEO on June 1, 2013, after Bob Goldfield stepped down from the position. "When asking Tim Waggott to step into the role of acting...
IAG Cargo Opens Pharmaceutical Hub at Heathrow Airport IAG Cargo has opened a new pharmaceutical center at London Heathrow Airport, the latest step in the expansion of its Constant Climate service for transporting temperature-sensitive pharmaceutical material. The new Constant Climate Centre handles and stores the merged British Airways-Iberia carrier's Passive and Active Constant Climate products. The facility includes two...
Egypt Tightens Suez Canal Security Ships passing through the Suez Canal.Egypt has increased security along the Suez Canal after receiving threats that jihadists were planning attacks along the waterway, United Press International reports. Citing security sources, Asharq al-Awsat, a London-based Arabic newspaper, said the army and police have beefed up their presence along the canal and...
Major Waterways Bill Making Its Way Through Congress Stuck in Stalemate There's little good news coming out of Washington these days. The federal government partially shut down at the beginning of the month after a stalemate in Congress over funding President Obama's health care reform law. Congress and the Obama administration failed to address long-term fiscal issues, allowing the federal budget...
Waterways Shippers Advocate Fuel Tax Hike Inland waterways shippers and barge companies welcome the prospect of freeing up Inland Waterways Trust Fund dollars for projects other than the problem-plagued, over-budget Olmsted Lock and Dam project. But they're also keen to pay more in fuel taxes so the U.S. Army Corps of Engineers can better maintain and...
Yusen Logistics Expands in India Jaipur sales office.Yusen Logistics (India) has opened a new sales office in Jaipur, the capital of the Indian state of Rajasthan, to serve its customers in the northern region. "YL India will address the logistics needs of customers by offering a wide-ranging lineup of services, including ocean freight forwarding utilizing the...
Container Traffic at Indian Ports Falls in First Half Container traffic at major ports in India tumbled 4.5 percent year-over-year in the first half of fiscal year 2013-14, but total cargo throughput was up 2.3 percent, according to preliminary figures released by the Indian Ports Association. In the April to September period, the 12 state-owned ports handled 3.8 million 20-foot-equivalent...
Domestic American Maritime Industry Salutes Captain Phillips and Crew as Shining Examples of Brave American Mariners WASHINGTON - The American Maritime Partnership (AMP), the national voice of the domestic American maritime industry, today saluted Captain Richard Phillips and his crew as examples of the nation's heroic Merchant Marine, whose story of courage and survival is now a major motion picture starring Tom Hanks. "The courage shown by Captain...
Business Transformation Leader Appointed President of Maine Pointe (Boston, Mass. - October 14, 2013) Maine Pointe, an operations management and implementation firm that is a leader in sustainable global supply chain transformation, has appointed Anthony "Tony" Prosser as President. In this new position, Prosser assumes a number of the responsibilities for day-to-day management of the firm that were previously held by Maine...
APM Terminals Signs $460 Million Contract for Costa Rica Terminal APM Terminals has signed a $460 million contract with a Dutch consortium to build the first phase of a deep water container terminal in Costa Rica. Van Oord and Bam International will begin work on the 1.3 million-TEU capacity Moin Container Terminal at the Puerto Limon/Moin complex in the first quarter...
Death on Victory A 6-year-old boy died in a crowded swimming pool on a Carnival Cruise Lines' ship.
La Monte dead at 50 Heidmar chief executive Marc La Monte passed away unexpectedly Monday at the age of 50.
Cape rally too late for Q3 Improvements in capesize spot rates have come too late to boost third quarter profit at some Asian owners, Jefferies says.
Yard worker drowned A worker has died in a fall at India's Cochin Shipyard.
Sinochem VL in rare attack A Sinochem VLCC became only the third oil tanker to be attacked by pirates off Somalia this year when it was fired upon on Friday, TradeWinds has learned.
Ro-ro catches fire All 455 passengers were safe following a fire on a Philippines ferry on Sunday night.
Thai tanker missing A Thai International Tankers products carrier has vanished off the coast of Malaysia.
Dutch MPP spills oil A Wagenborg master and chief engineer have been freed from arrest in Piraeus following an oil spill.
Norwegian trio held Norwegian ships featured prominently in the latest list of UK vessel detentions.
Edison scores Brazil deals Edison Chouest has tied up four platform supply vessels on long-term deals in Brazil.
Zhongchang raising funds Loss-making Zhongchang Marine is launching a sale of restricted stock to bank some cash.
Lock lock-out A Swedish tanker put a section of the Kiel Canal out of action following a collision.
Scorpio's dry plans out Some of the mystery surrounding Scorpio Bulkers was lifted today as RS Platou Markets initiated coverage of the US IPO hopeful.
Survey ship seized Venezuela has seized a Malaysian owned offshore support vessel working in disputed waters off Guyana.
Antwerp yard goes under The assets of Antwerp Ship Repair (ASR) are to be transferred to a new consortium after it filed for bankruptcy.
Supramax hard aground A UK-managed bulker has run hard aground in the Kadet Trench off Denmark.
Opportunity knocks A once in a decade opportunity to invest in shipping has opened up for investors, RS Platou believes.
Danaos makes it eight John Coustas-led Danaos has picked up nearly $7m after throwing its eighth boxship of the year on the scrap heap, it is claimed.
Chinese orders soar China's shipyards have seen new vessel contracts rise by 147% in the first nine months of 2013.
CSCL offloads ports unit Chinese container line CSCL is selling its 100% stake in a port investment company.
Seven killed in blast Seven workers have died in a tanker explosion at a shipyard in China.
NADL to focus on IPO North Atlantic Drilling (NADL) is to push on with a US initial public offering (IPO) after talks with a strategic partner broke down.
Pirates target VLCC A laden VLCC has been the subject of an unsuccessful piracy attack off Somalia, military authorities have confirmed.
Bingo sinks off Bengal Cyclone Phalin looks to have claimed the lives of 20 seafarers after their ship reportedly sank off the coast of India.
WFS boosts firepower World Fuel Services has taken advantage of the current favourable interest rate environment to bolster its financial resources.
APM in Costa Rica deal APM Terminals has signed a contract with consortium to build a new container terminal on the Caribbean coast of Costa Rica.
U.S. transportation woes show during government shutdown
SeaIntel finds forwarder volumes volatile, profits stable The Copenhagen-based consulting firm said a comparison of freight forwarders and carriers between 2008 and 2012 found the volume of cargo arranged by large forwarders was more volatile than that moved by carriers.
S.C. buys land for intermodal facility in N. Charleston Palmetto Railways last week announced the $10 million purchase of the remaining 50 acres of what is known as the Noisette property on the former Navy Base in North Charleston, which is being developed into a container terminal.
APL's 5th newest 9,200-TEU ship enters service
Analyst: Intermodal poised for long-term shipper growth While intermodal growth has remained steady at a rate of between 3 percent and 5 percent year over year, Nate Brochmann of William Blair & Co. said bringing midsized shippers into the fold will help increase that growth moving forward.
IAG opens cold-chain warehouse at Heathrow
Mølgaard to become Damco's CFO
Matson subpoenaed over Hawaii Molasses spill Molasses was released in early September into Honolulu Harbor from a pipeline system operated by a Matson subsidiary, and the company said it is fully cooperating with regulators involved in responding to and investigating the spill.
LNG: Ports as Catalyst? Ports can and should be a catalyst to spur development of LNG as a replacement fuel.
Prices soft in Fujairah Holidays were in place across the Middle East.
Prices move little in Rotterdam Minor congestion experienced at Gibraltar.
Lukoil lands navy contract Russia's Baltic fleet to be supplied from company's Kaliningrad base.
Leaders 'twice as efficient as industry laggards' Newer ships and those with high technical efficiency also have higher operational efficiency, study finds.
Monthly bunkers sales up at Singapore Figures boost confidence with November cargo values looking firmer.
TMT filed for bankruptcy 'in good faith' US court says creditors should help company stay afloat, TMT says it is 'well placed' to repay loans.
Asian bunker prices start week stable While offices in Hong Kong and Tokyo closed for a public holiday.
US to overtake Russia as top oil producer China becoming biggest OPEC buyer as United States reduces dependence on imported oil, cushioning prices.
US shipowner first to buy new propulsion system Installation ongoing in a Seattle shipyard.
US county cuts annual bunker bills 23% savings possible with catalyst system, it says.
Rising fuel costs blamed for shortened military exercise Officers estimate budget savings of some $1.6 million.
Changes ahead for world's biggest fuel testing agency Head of DNVPS talks to Bunkerworld about what being separated from DNV will mean for the company, and his plans to take the firm to its next level of growth.
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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