A political animal The International Union of Marine Insurance bares its teeth
Shipbuilding undergoing 'renaissance' Lloyd's Register marine director hails the way yards have reacted to new design requirements
The sky does not have to be the limit Giant boxships result in a concentration of values and risks that may not be sustainable
Eimskip confirms competition authority raid North Atlantic shipping line requests access to information behind Competition Authority's request for court ruling
ICS blasts growing cost of 'green' compliance Cost benefit analysis must occur before further environmental regulations are devised, says Hinchliffe
Evergreen takes first Enesel 13,800 teu vessel Taiwanese carrier may gain $1bn in savings from eco-series versus competitors
Cosco Shipyard secures $566m offshore and bulk orders Contracts include platform supply vessels, dry bulkers, module carriers and salvage lifting vessels
Capital Product seals takeover of three containerships Trio funded by new $200m facility from ING and HSH Nordbank plus offering proceeds
CSCL seeks $124m from sale of 55% stake in east China terminal Move cashes in on greenfield project
Tanker shipments from Iraq remain stable Aframax shipments fall, but VLCCs are steady and suezmaxes could be rising
CIMC leases two more 8,800 teu newbuildings to MSC Mediterranean Shipping Co continues chartering spree
Ninety per cent of everything An important book just launched will hopefully set people talking about shipping
IMO must approve good faith compromise on container checks There should be no further delay in solving the safety and customs problems associated with misdeclared box weights
White House picks Jaenichen to lead MarAd PRESIDENT Obama has nominated Paul Jaenichen to head the US Maritime Administration
Odfjell Drilling to go public ODFJELL Drilling, the Bergen drilling rig owner, said today it plans to go public with an IPO on the Oslo Stock Exchange
HSH resumes clear-out THE WORLD'S biggest ship financier, HSH Nordbank, IS continuing to cut back its exposure, with further en-bloc sales of distressed ships
Yangtze LNG switch seen CHINA plans to fuel all the vessels in the Yangtze River with LNG, aiming to cut emissions by up to 80%, a seminar was told
Changhang Phoenix sued to repay $64M SHENZHEN-listed Changhang Phoenix today said a Chinese bank had filed lawsuits against it and a subsidiary over repaying $64M in outstanding and overdue loans
Stena, Glovis plan Northeast Passage cargo STENA Bulk of Sweden and Hyundai Glovis plan to collaborate by shipping cargo via Asia's Northeast Passage
Harvey swallows ACO, and not done yet HARVEY Gulf International Marine has acquired Louisiana compatriot Abdon Callais Offshore
Taizhou Sanfu yard's 1H13 profits fall 32% TAIZHOU Sanfu Ship Engineering, a private Chinese shipyard, said today 1H13 profits fell 32% year on year to RMB100.7M ($16.4M)
APPEC meeting hits product tanker rates ATTENDANCE of traders at the Asia Pacific Petroleum Conference in Singapore has led to a drop in chartering activity for long-range product tankers
MR tanker period hires continue bullish trend OPERATORS continue to be bullish toward the MR tanker sector, resulting in at least six period hires this week
Ningbo plans HK listing SHANGHAI-listed Ningbo port group plans to list at Hong Kong's bourse to raise capital, its president said
Ocean Carrier Rate Revision Roundup for Sept. 13 Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in September and October. Asia-Europe Starting Oct. 1, CMA CGM will attempt to increase rates in its trade from North Europe to the Far East by $200 per 20-foot container and $400...
Röhlig Logistics Buys South American Agent Bremen-based forwarder Röhlig Logistics has acquired 100 percent of its South American agent Procargo. The family-owned German company had acquired 50 percent ownership of Procargo in 2011. Business has increased considerably since then, Röhlig said, and it expected further growth. "South America is one of the major growth regions in the world....
Clouds Lift Over Ro-Ro Carriers The outlook for roll-on, roll-off shipping is suddenly looking brighter with its key European market showing signs of emerging from its deepest and longest recession in 50 years, encouraging major industry players to accelerate consolidation of a fragmented niche sector. The deep-sea ro-ro market is looking healthier, too, as growth in...
Ro-Ro Carriers to Pay More to Emit Less Roll-on, roll-off shipping has begun the 16-month countdown to an uncertain future of sharply higher operating costs, lower traffic, bankruptcies and shotgun mergers in their core markets. That's the grim forecast of the potential impact of a tougher environmental regime that will envelop shipping in the Baltic, North Sea and English...
Northeastern US Ports See Dip in Market Share Northeast U.S. ports saw their share of container traffic in the second quarter of 2013 dip 1.5 percentage points year-over-year among major ports on the east coast of the U.S. and Canada. Mid-Atlantic and Southeastern U.S. ports, as well as Canadian east coast ports, all picked up a piece of...
Hapag-Lloyd Offers Service to Saint John, New Brunswick Hapag-Lloyd will begin offering weekly service to Saint John, New Brunswick, Canada. The German container ship line said the service, operated by Tropical Shipping, will connect to other Hapag-Lloyd services via Caucedo, Dominican Republic. The first sailing on the service southbound will be the Stadt Bremen, leaving Saint John on Sept. 18. The...
Trucking Groups, Lawmakers Call for Sleep Apnea Rulemaking What keeps truckers awake at night? Lately, the prospect of federal "guidance" on sleep apnea testing and treatment for truck drivers. Independent truck drivers added their voice to those demanding federal regulators conduct a rulemaking, rather than issue guidance, on sleep apnea testing for truck drivers. The Owner-Operator Independent Drivers Association is...
SCFI: Shanghai-Europe Spot Container Rates in Freefall Shanghai Containerized Freight Index, North Europe, week ending Sept. 13, 2013 Full-size image Spot container rates from Asia to Europe measured by the Shanghai Containerized Freight Index fell more than $100 per 20-foot-equivalent unit during the week ending Sept. 13. Rates have been decreasing for the past six weeks in these lanes,...
SCFI: Shanghai-to-US Spot Rates Erode Post GRI Shanghai Containerized Freight Index, U.S. West Coast, week ending Sept. 13, 2013 Full-size image Spot container rates to the U.S. East and West Coasts measured by the Shanghai Containerized Freight Index slipped in the week ending Sept. 13 after two consecutive weeks of increases following a partially successful Sept. 1 general rate...
FTR Trucking Index Jumps 30 Percent in July The FTR Trucking Conditions Index jumped 30 percent in July from June on expectations for a "modest" fall peak for shippers and carriers. The index rose to 8.41 in July. A reading above zero indicates a positive market for truckers, readings above 10 indicate pricing, volume and margins are "solidly favorable." FTR...
European, Asian Shippers Urge Rejection of Mandatory Weighing of Containers The European and Asian shippers' councils have urged UN maritime officials to reject proposals for the mandatory weighing and verification of ocean containers before they are loaded on board ship. The shippers' organizations launched their appeal on the eve of a key meeting of an International Maritime Organization committee that will...
UT Undergraduate Supply Chain Program Ranked in Top Five KNOXVILLE, TN-The undergraduate supply chain management and logistics program at the University of Tennessee, Knoxville, is ranked fifth among the nation's public institutions, according to U.S. News and World Report's 2014 rankings released this week. The program ranked sixth among all institutions nationally, up one spot from 2013, according to the...
TPA completes major environmental restoration project, restores habitat Tampa, Fla.-The Tampa Port Authority (TPA) is pleased to announce completion of a major environmental rehabilitation project at the Port of Tampa, greatly enhancing the quality of life for the flora and fauna in the area. The McKay Bay Mitigation Site (MBMS) is a 19' acre mitigation site located on...
DHL delivers Formula E across the globe DHL chosen as logistics supplier for FIA Formula E Championship Strategic partnership to accelerate innovative and environmentally friendly solutions for the future of e-mobility and city logistics DHL has today announced a multiyear global partnership with the FIA Formula E Championship, the world's first fully-electric car racing series beginning in September 2014....
Richie Hughes Learned Well Richard P. Hughes Jr.Richard P. Hughes Jr. liked to recall the negotiating advice he received as a young union official from the legendary Teddy Gleason, International Longshoremen's Association president from the 1960s to the 1980s. "There are two rules you need to remember," Gleason said. "The first one is, never reveal...
ABF Weighs Next Move After Lawsuit Dismissal A federal court in late August left ABF Freight System with a clear choice: the less-than-truckload carrier could drop its struggle to wring $750 million in damages from the Teamsters union and YRC Worldwide, or try to appeal again after having its lawsuit challenging three rounds of union concessions at...
CSCL in port auction Chinese container line CSCL is selling off a 55% stake in a terminal company for at least CNY 760m ($124.2m).
Rocking the boat We take a look at what was said in the market over the past week.
TSW orders VLGC double China's Tianjin Southwest Maritime (TSW) has continued its fleet expansion with an order for two VLGCs.
Cause for optimism DBS Vickers has upgraded its tags on two Chinese shipbuilders off the back of growing order momentum.
Crewman hurt in fall The US Coast Guard (USCG) has airlifted a crewman from an Italian bulker after he fell 75 feet from its smokestack.
Strike two for Moundreas? NG Moundreas of Greece has been linked to the purchase of a second capesize vessel within the space of a month.
HSH selling 20 ships Germany's HSH Nordbank is lining up two more deals to cut its shipping exposure by selling 20 more distressed vessels whose owners are struggling in the slump.
Up in smoke TradeWinds digests the digits making the headlines this week.
Double for Chipolbrok Chinese-Polish Joint Stock Shipping (Chipolbrok) has returned to the newbuilding arena with a deal for up to four heavy-lift ships.
Sincere slips Taiwan's Sincere Navigation has posted a lower profit in the first half as revenue declined.
Lady takes a bow Hoegh LNG is scrapping its oldest LNG carrier after 40 years of service.
Cruise crunch A German cruiseship has been damaged in Italy after being hit by a Superfast ferry that broke its moorings.
Klaveness back at YZJ The Torvald Klaveness group of Norway has made a swift return to Chinese shipyard Jiangsu New Yangzijiang Shipbuilding for another pair of vessels.
BigRoll reveals order Dutch owner BigRoll Shipping has confirmed it is behind the order for two heavy-lift ships at Cosco Dalian Shipyard.
Solstad in Petrobras deal Solstad Offshore has extended a charter contract with Petrobras for an anchor handling tug supply (AHTS) vessel.
More Rabaul Queen charges Three more people have been charged with manslaughter following the fatal sinking of the Rabaul Queen off Papua New Guinea last year.
Dawn raids at Eimskip Icelandic container line Eimskip is in the dark over why its offices were the subject of dawn raids by competition authority officials this week.
A sticky situation Matson Navigation has admitted having no plan in place to deal with a spill of molasses that has killed 2,000 fish in Hawaii.
Attica cuts loss Greek ferry group Attica has reduced its first-half deficit as costs were "contained."
Box stocks to slide Analysts at Drewry Maritime Equity Research says the recent rally in liner companies could be about to run out of steam.
MOL's double trouble A Mitsui OSK Line (MOL) product tanker has been targeted by robbers off Indonesia for the second time in as many weeks.
VL scrap fund proposal Frontline has proposed setting up a VLCC scrapping fund in a bid to encourage owners to scrap younger ships.
U.S. flag shipping industry says enforce cargo preference Former Maritime Administrator William Schubert testified before Congress that "perhaps nothing is more important to the viability of the privately owned U.S. flag commercial fleet than adequate cargo preference enforcement."
Former ILA President Richard Hughes Jr. dead at 79 Richard P. Hughes, Jr., served as the union's eighth president from July 2007 until July 2011. Prior to his election as ILA president, he served as both executive vice president of the ILA and secretary-treasurer of the ILA's ACD.
Shipper rift develops over container weights
Capital Product Partners buys three boxships
Molasses spills from Matson pipeline in Honolulu As much as 1,400 tons of molasses, or about 233,000 gallons of the liquid, may have entered the Honolulu Harbor, triggering a massive fishkill. Matson located a leak in their molasses pipeline near Pier 52 and patched it.
FAA creates research center for biofuel study The FAA has also awarded the center a $40 million grant, which will be paid out annually over the 10-year life of the program. Additional funding will come from academia and the airline industry.
Cass: Linehaul rates rose in August
CSX certifies N.C. industrial property as rail ready
Weekly global market report A weekly price round up from bunkering hubs around the world.
Americas fuel prices end week on high note Demand and avails were said to be average in Houston on Friday.
IFO prices flat in Suez Prices stronger in Fujairah.
Prices end week on firm note across Europe 380 cSt material gained $6 per metric tonne in Istanbul.
Chinese growth expected to continue Forecasts support predictions that Asian growth will be a major driver for shipping and bunker demand.
Ship financing picture 'getting grimmer' Stopford says shipping has been 'kicking the can down the road' since the start of global finical crisis.
New lubes comply with upcoming environmental rules US regulations target incidental discharges - including those involving lubes.
Hong Kong confirms 2015 sulphur deadline The 0.5% sulphur cap will apply to ocean-going ships, for coastal vessels the cap will be even tighter.
Shipping sees no need for MBMs to reduce CO2 High fuel prices, now and in the future, enough incentive to spur efficiency improvements.
Operator says zero emission ferries still in the frame Scandlines counters media reports to the contrary.
IFO prices climb across Asia Meanwhile, MGO prices were lacking a definite direction.
Insurers act on 'cat fines' Ships' bunker management procedures under scrutiny.
Fine for over-loaded fuel oil barge Operator error sees company fined for minor spill.
Owners give feedback on using LNG as a bunker fuel Spokesmen of Viking Line and Deen Shipping share operational experiences.
Canadian response team conducts bunker spill drill Simulation involved 2,500 mt of fuel being spilled into waters at Howe Sound.
Imperial Oil stopping bunker deliveries from refinery Deliveries to stop from September 15 onwards, says Wilson Fuel.
Report: Ship operator could stop calling at Ust-Luga Minerva Marine may shift its fleet to the US market if bunkering obstacles persist.
Singapore gaining popularity as bunker arbitration centre Due to 'shift of gravity' in the shipping industry towards Asia Pacific, says the Executive Director of SCMA.
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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