K Line eyes Indian coastal shipping Iron ore exemption ushers Japanese giant into protected market
Settling the bill Have Somali pirates cost global trade $6bn or $18bn?
Chinese port takes in 400,000 dwt valemax Beijing's VLOC ban in question as Vale Malaysia calls at Lianyungang
Greece holds steady in a shifting world New survey shows fleet carrying capacity little changed since onset of markets crisis
Greek flag weakens grip Just 23% of country's ships fly the sky blue and white
SHI seals $568m CSAV boxships deal South Korean shipbuilder finalises order for seven 9,300 teu boxships
Policy banks lead funding drive for Marubeni-SK Shipping LNG project Joint venture borrows more than newbuilding costs from South Korea banks
Sale and purchase ruling leaves buyers liable for unpaid deposits An accrued right under a contract is lost only if there are clear words to the contrary
Tax lease scheme will boost Spanish yards Madrid seeks to boost home-grown shipbuilding and save much-needed jobs
Greeks launch capesize spree Big bulker interest boosts first-quarter orders, says Golden Destiny
Maersk risks fine for low throughput at JadeWeserPort Carrier falls short on 700,000 teu annual commitment
Carriers warned to remove capacity or face losses Fall in Asia-Europe rates blamed on failure to match tonnage supply with weak demand
Record earnings in Baltic Sea drive owners back to shipyards Recent spike sees Lundqvist order aframax
Exam week in Manila Emsa inspectors are reviewing Marina's maritime training standards shake-up
Biting back Shipping acts fast to oppose Brussels' planned regional ship recycling fund
Evergreen, Cosco and Zim treble Asia-South America service capacity Partners will upgrade the fleet from 3,000 teu to 8,500 teu vessels
Long Beach closes the gap with Los Angeles Monthly volume at top US box port dives 23%
Ballast systems accepted NINE SYSTEMS for treating ballast water have been accepted in the US to enable shipowners to comply with new regulations
New Rome-Delhi fight erupts on guards ROME is protesting Delhi's decision to assign its anti-terrorism agency to investigate the killing of two Indian fishermen by armed Italian ship guards
Forwarders predict shipping growth OCEAN freight forwarders in Europe today predicted steady growth in seaborne exports and imports over the coming two months
Far East/Europe box rates hit new low SPOT RATES in the Far East/Europe box trade have dropped to their lowest level since February last year, according to a French liner analyst
STX progresses on Dalian yard sale STX OFFSHORE & Shipbuilding said today it is moving ahead with talks to sell its yard in Dalian, as part of its parent chaebol's restructuring
Greeks hold 144 in migrant smuggling cases GREEK authorities are holding 144 people in connection with the past week's migrant-smuggling cases
Nokta replaces Boyden at GHS VETERAN analyst Omar Nokta has taken over shipping analysis at Global Hunter Securities, supplanting Natasha Boyden, the company confirmed today
Shipping strike grips Greece CREWS on Greek ferries, cabotage vessels, cargo ships and tugs are holding a 24-hour strike today
COSCOL loses $7.28M SHANGHAI-listed COSCOL has unveiled year on year net losses of 45.07M yuan ($7.28M) in 1Q13
LDA and CGG set up JV LOUIS Dreyfus Armateurs and the geophysical services group CGG, both of France, have set up a 50:50 venture to manage high-capacity 3D seismic survey vessels
Fortescue boosts trading in yuan AUSTRALIA'S Fortescue Metals has ramped up transactions in yuan with China after the countries struck a landmark accord last week in Beijing
China Exim Bank providing ship financing CHINA Exim Bank is to provide 1.4Bn yuan ($226M) in credit facilities and 1Bn yuan in loans to private shipping enterprises in China
Ships sinks off South Korea A GENERAL cargo ship has sunk off South Korea, but its crew was recovered safely, China's Xinhua news reported
East Asia/WCSA service set COSCON said today that Evergreen, PIL and Wan Hai would join it in starting a new weekly box service from Kaohsiung and other East Asian ports to the West Coast of South America
House Criticizes Obama's Food Aid Overhaul WASHINGTON - House Democrats and Republicans on Tuesday criticized President Obama's proposal to dramatically reduce how much U.S. agriculture cargo can be shipped by the Merchant Marine, suggesting the fight over how food aid is given to developing countries is just beginning. Rep. Duncan Hunter, R-Calif., said the proposal to cut...
ATA, Port of LA Clash at Supreme Court WASHINGTON, D.C. - The Port of Los Angeles defended its drayage concession program in the U.S. Supreme Court today, while the American Trucking Associations, backed by the federal government, said the concession program is illegal and should be scrapped faster than a smoke-belching 1990s-model truck. Do the program's requirements amount to...
House Wants to Pick WRDA Projects But Not Sure How WASHINGTON - House Republicans want a larger role in determining which port and inland waterway projects go forward, but it's not clear how they will regain their authority with an earmark ban in place. Like the Senate, the House Transportation and Infrastructure Committee aims to speed up the completion of feasibility...
China Shipping Opens Office in South Africa China Shipping Container Lines has opened an office in Johannesburg, South Africa, according to a Chinese language press release. This investment in Africa emphasizes the company's ambition for development in Africa and provides opportunities of trading and logistics between the two regions, the carrier said....
CSX's First Quarter Profit Rose 2 Percent CSX today reported first quarter net income of $459 million, up 2 percent from $449 million in the same period last year. Quarterly revenue totaled nearly $3.0 billion, basically flat compared with 2012, as gains in merchandise, intermodal and other revenue offset declines in the Class I railroad's coal business. These revenues,...
India Escalates Plans for Highway Projects C.P. Joshi, India's union minister of road transport and highways, has reviewed the plan for award and completion of road works during the current 2013-2014 fiscal year, which identifies steps for restoring the pace of award of road projects in the coming year and includes scheme-wise targets for each month. The...
AAPA Offers Advice for Water Resources Legislation Adolph Ojard, Duluth Seaway Port Authority's executive director and chairman of American Association of Port Authorities' U.S. delegation, today testified for the AAPA before the U.S. House Transportation and Infrastructure Committee's Water Resources and Environment Subcommittee in a hearing titled "Foundation for a New Water Resources Development Act." Ojard laid out...
Design Accord Sets Stage for Novorossiysk Port Project The Federal Enterprise Rosmorport and companies of NCSP Group operating at the Port of Novorossiysk in Russia have signed a deal to cooperate on design and engineering works under the Novorossiysk Commercial Sea Port Modernisation Programme. "This new agreement facilitates development of the port's marine infrastructure, including projects documentation for dredging...
NY-NJ Truckers Wary of RFID Tags Harbor truckers plan to meet with port and terminal officials next week to iron out questions about plans to require radio-frequency identification tags on trucks entering New York-New Jersey marine terminals. The Port Authority of New York and New Jersey and Sustainable Terminal Services, a consortium of terminal operators, agreed last...
New House Panel to Focus on Improving US Freight Transportation Rep. Bill Shuster, R-Pa., chairman of the House Committee on Transportation and Infrastructure Chairman, and Nick Rahall, II, D-W.Va., ranking member of the committee, today announced the members of a special panel that will focus on improving freight transportation in the United States. Rep. John J. Duncan Jr., R-Tenn., will chair...
Top 40 Container Lines: Who's Up and Who's Down on US Exports? Beyond the biggest carriers - the Maersk Lines, MSCs, CMA CGMs, APLs and Evergreens - that dominate the U.S. containerized ocean trades are some of the biggest movers. The Journal of Commerce Top 40 Container Carriers, after all, isn't just about the Top 10. It goes much deeper, to the...
LA-Long Beach First Quarter TEU Volumes Strong Container volumes in the Los Angeles-Long Beach port complex declined in March compared to March 2012, as expected, because of an 18 percent drop in imports following the Chinese New Year celebrations in Asia. However, the nation's largest port complex had a strong first quarter, with total container volumes, including loaded...
Ship Lines to Introduce, Expand South American Services Starting May 4, Cosco Container Lines, Evergreen Line, PIL and Wan Hai Line will launch a new weekly service linking Asia and the west coast of South America, called Asia-South America Service, WSA2. The service will cover the following ports: Kaohsiung; Shekou; Hong Kong; Ningbo; Shanghai; Manzanillo; Lazaro Cardenas; Puerto Quetzal;...
Hapag-Lloyd to Boost East Asia-Red Sea Rates Hapag-Lloyd will increase rates for all cargoes and container types from East Asia to the Red Sea, starting May 15. The hike will be $300 per 20-foot-equivalent unit. Also effective May 15, the carrier will revise its U.S. import and export inland tariff....
USDA, FAA Extend Aviation Biofuel Deal The U.S. Department of Agriculture has extended for five years its agreement to work with the Federal Aviation Administration and other partners to help develop a viable biofuel for the aviation industry. Tom Vilsack, agriculture secretary, signed the agreement with Ray LaHood, transportation secretary, at the Advanced Biofuels Summit at Gaylord...
U.S. Lines Postpones Trans-Pacific Rate Hike U.S. Lines will postpone the previously announced rate increase for its westbound trans-Pacific trade, originally planned to take effect on April 21, until May 1. The rescheduling applies to cargo originating from the U.S. East Coast, excluding Gulf Coast ports, or moving via East Coast ports and inland points intermodal, to...
Kuehne + Nagel Opens Logistics Facility in Alabama Kuehne + Nagel has opened a new facility in Mobile, Ala., to expand its footprint in the Southeast. The new office will focus on offering logistics solutions to companies from the aerospace industry, as well as from the oil and gas and marine sectors. It is located near major interstates with...
Labor Department to Reinstate Maritime Safety Panel Seth D. Harris, acting secretary of labor of the U.S. Department of Labor, will re-establish the charter of the Maritime Advisory Committee for Occupational Safety and Health. The Labor Department established MACOSH in 1995 to advise the secretary of labor, through the assistant secretary of labor for occupational safety and health,...
Carriers Delay Increases as Far East-Europe Spot Rates Plunge Ocean carriers are delaying planned freight rate increases from the Far East to Europe after spot rates plunged to a 14-month low amid a widening supply-demand gap driven by increasing numbers of new extra large container ships entering the world's biggest liner trade. Spot rates to ship a 20-foot container...
APL torches four APL is looking to sell five of its oldest containerships for scrap after pulling the plug on a US-flag service that links North America to the Lion Republic via the Middle East.
Market reacts to Rodgers' rant A rare outburst from Euronav chief executive Paddy Rodgers appears to have ignited a spirited war of words in the tanker market.
Russian roulette Euronav carded a first-quarter loss Tuesday but the tanker owner's deficit was not as deep as many forecasters had feared.
Carisbrooke comes clean Carisbrooke Shipping of the UK has confirmed reports that one of its multipurpose bulkers was detained in the US after port inspectors uncovered a non-operational oily water separator.
Swing joy for big three A positive currency swing will provide Japan's big three with a $500m boost in their battle for profit, Barclays predicts.
Limarko asks for cash Directors at Lithuanian reefer owner Limarko Shipping want to cover losses with help from shareholders.
Vroon inks BP contract Vroon Offshore Services has secured a long-term contract with BP for platform supply and emergency response and rescue (ERRV) services in the UK North Sea.
Where there's smoke... Great Lakes Dredge & Dock (GLDD) has terminated an order for what has been billed as the largest hopper dredge in the US.
GHS gets its man Analyst Omar Nokta's decision to leave New York's Dahlman Rose was the result of a nine-year courtship finally hitting the market on the part of his new employer at Global Hunter Securities (GHS).
Pemex orders trio Mexican shipyard Servicios Portuarios (Serport) has clinched an order for three barges from state oil company Pemex.
Yard wins fraud case A Chinese court has backed a domestic shipyard in its row with Spliethoff and Wartsila over second-hand engines for newbuildings.
Germans call for lay-ups A group of German shipowners has called for collective action to boost rates by laying up vessels.
Global Hunter captures Nokta Global Hunter Securities has confirmed the high-profile signature of veteran equity analyst Omar Nokta.
Carnival to pay up Carnival Corp is to compensate the US government for the cost of help in dealing with two ship fires.
Evergreen in Latam push Evergreen Line has announced plans to boost its services to the West Coast of Latin America a day after it revealed it would do the same on the eastern side.
TradeWinds first again TradeWinds has become the first international shipping news service to launch a Chinese language website.
Greek ferries grounded Greece's ferries were stuck in ports on Tuesday as a 24-hour crew strike began.
Cape sums still short Record first quarter iron ore production from Rio Tinto and an encouraging note on its Western Australia expansion plans can't mask the huge oversupply facing the capesize sector.
SCF sale in doubt The long-delayed privatisation of Sovcomflot could be postponed until at least 2014.
Arena to be torched A bulker stuck in India for three years is likely to be scrapped soon.
Rina spreading its wings Italian classification society Rina will continue to diversify as its marine business contributes less to income.
SHI seals CSAV swoop Samsung Heavy Industries has reafirmed a large boxship order by Compania Sud Americana de Vapores (CSAV) after the Chilean liner outfit secured financing.
Red curtain to open Euronav is expected to kick off first quarter results season with a loss when its numbers are released to the market this afternoon.
Schettino "a scapegoat" Costa Concordia captain Francesco Schettino was back in court on Tuesday in Italy as his lawyer sought to avoid a manslaughter trial.
OSG running in red OSG has continued to burn cash since it entered Chapter 11 bankruptcy protection in November.
Braemar's US tanker move Braemar Seascope has hired five experienced tanker brokers to launch a new large crude and products tanker division in Houston.
Murmansk cuts loss Russia's Murmansk Shipping Company (MSCo) has reduced its deficit in 2012 as it faces a government sell-off.
K Line goes coastal Japan's K Line is to step up iron ore shipments within Indian waters after its first coastal spot deal.
STX revival "likely" STX Offshore & Shipbuilding is very likely to come through its current restructuring, particularly after handing back the keys to its yard in Dalian, China.
Nordana orders in Italy Danish shipowner Nordana has gone to Italy to contract replacement ro-ro tonnage, the company has confirmed.
MPA backs scrubbers Singapore is putting its money where its mouth is in a bid to encourage the wider use of SOx scrubber technology.
China Shipping boosted China Shipping has received a much needed boost after two of its affiliate companies were upgraded by Barclays.
HMM does nose job Hyundai Merchant Marine has recently completed a 'nose job' on one of its containerships at a shipyard in China.
Candidates line up for top job at Jaxport Jerry A. Bridges, former head of the Virginia Port Authority, and Bernard Groseclose, who resigned as CEO of the South Carolina Ports Authority in 2009, lead the list of eight candidates for the top job at the Jacksonville Port Authority.
House to create intermodal panel Bill Shuster, the U.S. House Transportation and Infrastructure Committee chairman, has formed a special panel of six committee members to create a national infrastructure strategy across all freight transport modes.
Washington Notebook: CBP inspectors look for illegal Land Rover shipments
FDA's 2014 budget request aims to boost food safety The agency said industry user fees would fund 94 percent of the proposed budget increase, including new fees to support the Food Safety Modernization Act (FSMA) and strengthen the FDA's ability to oversee imported food.
USDA, FAA re-up biofuel agreement
Drewry says transpacific carriers in 'self-destruct mode' "Efforts to increase eastbound freight rates by ocean carriers operating between Asia and West Coast North America (WCNA) remain ineffectual with new services planned rather than laying up unwanted vessel capacity," the firm said.
APL taking 4 ships out of U.S.-flag service
Little cloud uptake yet, according to Australian CIOs
Mohawk Global acquires OEC Freight Chicago
Total Customs signs on with Descartes
PhillyFreightFinder mapping app launched
Shipco starts Korea joint venture
IAG to offer more capacity on Seattle-London route
Gas technology report issued by Lloyd's Register LNG bunkering guidance one of the key subjects addressed in company's latest Gas Technology Report.
IFO prices soft while MGO firm in Fujairah 180 cSt at Cape Town lost $9 per mt.
Barge congestion in Rotterdam Prices soft on weaker crude values.
Kochi port to get bunker barge Move should see bunkering services in the port improve.
Rosneft in deal to sell 720,000 mt of straight-run fuel oil BP is expected to take delivery of two to three cargoes of around 30,000-40,000 mt each month.
Global Bunkering moves office Telephone and email addresses remain the same.
Big fines for polluting in Turkish waters Annual tariff increased for ships found polluting with oil or other discharges.
Slide in oil prices 'unlikely to continue' Vitol chief executive says markets have 'done what they are going to do.'
Distinct fuel quality differences seen in European ECAs FOBAS finds 'significant' variances in levels of abrasive cat fines in fuels from the Baltic, English Channel and North Sea.
Shipowner reconfigures hull to save fuel at slow speeds Hyundai Merchant Marine says new bow will cut bunker consumption by 3%.
Asia bunker prices slide further Supplies in Singapore remain tight due to 'terminal constraints'.
Energy efficiency better than bunker levy, says minister Comments in line with GSF core policy on maritime emissions which favours energy efficiency measures over a levy.
LNG uptake will be 'quicker for land-based transport' 'Difficult' to retrofit vessels to use LNG as bunker fuel, says Partner at Boston Consulting Group.
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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