P3 carriers unveil their schedules Operations start in second-quarter 2014, pending regulatory clearance
Rotterdam LNG hub plan receives $100m boost EU funding positions Dutch port and Gothenburg as gas distribution hubs
Pirates release hijacked product tanker but steal its cargo Incident in Asia signals regional shift from petty theft to West Africa-style fuel raid
Maersk pledges to strengthen its own identity despite P3 tie-up Carrier plans distinct branding and customer services within new alliance
P3 will improve operational efficiency for terminal operators But whether ports can enhance profitability is far from certain
Woodside enters spot shipping market Major LNG producer will operate tonnage not linked to specific projects
Avance Gas lists on Oslo over-the-counter market Fredriksen joint venture takes advantage of strengthening LPG market
Sanko shake-up allows hedge fund Elliot to take over Move gives reduced Japanese tanker and bulker operator room to rebuild
TSA recommends westbound rate hikes Carriers tap peak season for US exports to Asia
Three Louis Dreyfus Armateurs vessels launch in China Capesize and handysizes bound for French owner and associated company
K-sure backs financing for 21 Korea-built Scorpio product tankers Export-credit insurer guarantees $360m of $460m syndicated loan
TUI rules out floating Hapag-Lloyd before autumn 2014 The right ingredients not in place, says stakeholder's finance chief
Heidmar names chief operating officer Ognibene as interim chief executive Tanker pool company veteran previously overseer of Heidmar's pool managing directors
Mixed bag for dry bulk owners seeking Oslo listing Klaveness calls off proposed IPO due to lack of support but Western Bulk pushes ahead
Chinese demand for West Africa crude bolsters rates BW Peony and Aragona will load in West Africa in early November, bound for China
Longshoreworkers' strike shuts Baltimore Stoppage at specialist port for auto shipments could threaten carmakers' supply chains
Polembros builds for the future Series of 10 newcastlemaxes chartered out to Oldendorff Carriers is consistent with owner's long-term outlook
Owners explore a new funding landscape Publicly listed firms tap the markets as others turn to investment funds or to China yards
Greek owners are Intercargo mainstays for a fourth decade Key issues range from deadly cargo liquefaction to port inspectorate corruption, says Platsidakis
Ariston builds a thoroughbred in China State-of-the-art Sea Stallions give their name to a new Greco-German founded handysize pool
Economou could launch new dry bulk arm for newcastlemax orders Investors on the alert as Greek shipowner ponders an IPO
Greeks lead Northwest Passage breakthrough Seamar-managed panamax retraces the route of Niarchos behemoth
Lorentzen & Stemoco launches a base in Greece Dry bulk draws an old name to Voula
Bulker nation keeps the faith Despite uncertainties Greeks invest to take fleet to new heights
Keppel profits rise 32% KEPPEL Corp said today net profits for the third quarter ended 30 September rose $32% year on year
Tokyo court approves Sanko reorganisation TOKYO District Court today approved Sanko Steamship's reorganisation after more than 92% of the ship operator's creditors endorsed its proposal
US shutdown fix leaves supply chains at risk RETAILERS welcomed the end of the 16-day shutdown of the US federal government but warned that the latest temporary deal keeps supply chains at risk
Aegean plots convertible offering PETER Georgiopoulos-chaired Aegean Marine Petroleum Network today announced a convertible bond offering to raise $75M to repay short-term debt and for other corporate purposes
Hanseatic shuffles deck GERMAN fixed-premium P&I insurer Hanseatic Underwriters has shuffled its capital providers
Korea contract values rise CONTRACT values of ship orders clinched by South Korean builders hit $30.4Bn in the first three quarters of 2013
128 migrants rescued A US NAVY warship has reportedly rescued 128 migrants being smuggled in the Mediterranean Sea off Malta
Fortescue iron ore cargoes rise 60% FORTESCUE said iron ore shipments out of its Pilbara mines surged 60% year on year in the quarter ending in September
Klaveness scraps unit's IPO TORVALD Klaveness of Norway said today it has decided to scrap a planned IPO and listing of a drybulker venture
Newbuilding orders hit post-Lehman high NEWBUILDING orders in September hit their highest point since Lehman Brothers collapsed five years ago
Capesize rates pushed down A DROP in Brazilian iron ore cargoes has been a major factor pressuring Capesize rates, anaysts said
Tangshan box throughput rises CHINA'S northern port of Tangshan recorded throughput of 499,986teu during the period from January to September 2013, up by 78% year on year, according to Tangshan's transport authority
Drybulk snarls rise 12% CONGESTION in major drybulk ports rose 12% from last week, as congestion rose in major ports in Brazil, Australia and China
Hanjin hit by weak rates HANJIN Shipping's earnings will remain under pressure at the end of the 3Q13 peak season due to weakening container freight rates
Japanese Government Adopts New Anti-Piracy Bill The Japanese government adopted a new anti-piracy bill at a cabinet meeting this week that would allow private armed guards to board Japanese-registered oil tankers and other cargo ships in waters off Somalia and elsewhere. The government will seek to have the bill enacted during an extraordinary session of the Diet,...
Reform-Minded Myanmar Has Long Road Ahead Thilawa is located some 20 miles down the coast south of Yangon, the commercial center and former capital of Myanmar in the days when it was more famously known as Burma. There, a gleaming new multipurpose port complete with 3,300 feet of berth - with a planned adjacent special economic...
China Accepts WTO Ruling in US Poultry Dispute Chinese officials have officially accepted an August finding by the World Trade Organization that China improperly imposed anti-dumping and counterveiling duties on U.S. poultry. In 2009, China was the largest foreign market for U.S. broiler meat, buying 613,000 metric tons of chicken. In September of that year, Chinese officials determined the...
Lobsters' New Reefer Tale Wholesale prices for lobster caught in Maine and Canada have plummeted to $2.30 a pound, about the same price commanded 25 years ago, as the annual catch grows. Most consumers, however, aren't seeing the savings because restaurant menu prices largely haven't dropped. In Maine, the industry is trying to jumpstart the...
CaroTrans Launches Los Angeles-Fiji LCL Export Service CaroTrans has launched a direct less-than-containerload export service between Los Angeles and Suva, Fiji, expanding its reach in the Pacific Rim. The new service, which has a transit time of 12 days, offers expedited and bonded forwarding from Suva to Nadi and Lautoka, Fiji. CaroTrans, a non-vessel-operating common carrier, has partnered...
Q&A: Losing Sleep Over the FMCSA Q: I've just read something that makes no sense to me, and seems like an invasion of people's privacy to boot. We're a motor carrier, and as such are subject to what's been increasingly intrusive safety regulation by the Federal Motor Carrier Safety Administration. The FMCSA regulates how many hours our...
Chinese Policies to Hurt Shipping, SSE Chief Says SHENZHEN, China - China's shipping industry faces further turmoil as the country imposes new polices aimed at reining in severe overcapacity in the steel, cement, electrolytic aluminum, plate glass and shipping industries, according to the head of the Shanghai Shipping Exchange. China is tackling chronic overcapacity problems across multiple sectors by...
Baltimore ILA Strike Goes to Arbitration A longshoremen's union local and employer representatives plan to meet with an arbitrator on Oct. 18 to try to resolve a strike that idled public docks at the Port of Baltimore for a second day today. Members of International Longshoremen's Association Local 333 struck on Oct. 16 after voting down a...
Trans-Pacific Carriers Prepare for End-of-Year Letdown The U.S. import trade from Asia is a microcosm of the problems carriers face on the major east-west trade lanes this year. Container volumes are slightly higher than they were in 2012, but vessel utilization factors are lower and will drop again in November. Containerized imports moving through West Coast ports...
"K" Line Continues to be Included in FTSE4Good Global Index and Dow Jones Sustainability Asia / Pacific Index Kawasaki Kisen Kaisha, Ltd. ("K" Line) continues to be a constituent company of the FTSE4Good Global Index Series, the leading SRI (*1) index provided by FTSE Group (*2) since 2003. In addition, "K" Line has also been selected as an Asia / Pacific Index component company of the Dow Jones Sustainability...
Vote of Confidence for Port of Charleston in National Economist's 2013 Port Outlook Charleston, SC - Colliers International Chief Economist and thought leader K.C. Conway highlighted the S.C. Ports Authority as an emerging dominant port in the East during a conference call focusing on bright spots and blind spots for the nation's ports. Conway's comments were discussed on a Stifel Financial Corporation conference call during...
ILA Strike Continues at Baltimore A longshoremen's strike that has idled the Port of Baltimore continued into its second day today. Members of International Longshoremen's Association Local 333 struck on Oct. 16 after voting down a proposed local contract with the Steamship Trade Association of Baltimore. The port's other ILA locals refused to cross the picket...
Eastbound US Intermodal Rates Continue to Climb Overall index, week of October 14, 2013 Full-size image An index of U.S. intermodal rates climbed for a fifth straight week in the week ending Oct. 14, yielding a cumulative increase of $130, according to data on all-inclusive 53-foot door-to-door spot pricing quoted by railroads and provided by the 3PL IDS. The overall rate rose...
Union Pacific's Freight Revenue Increases 5 Percent Union Pacific today reported its profit in the third quarter of 2013 was $1.15 billion, increasing 10 percent year-over-year from $1.04 billion. Quarterly revenue rose 4 percent to $5.57 billion, from $5.34 billion in the same period last year. Freight revenue in the third quarter was up 5 percent, mainly driven...
Governor Scott Presented Florida Ports Council Economic Visionary Award TALLAHASSEE, Fla. (Oct. 16, 2013) - Florida's port directors presented the Florida Ports Council Economic Visionary Award to Florida Governor Rick Scott today at the American Association of Port Authorities Annual Convention in Orlando. The award is a special recognition of the historic investment in Florida's ports and freight mobility...
Trailer Bridge Announces New Senior Commercial Team JACKSONVILLE, FL., October 16, 2013 - Trailer Bridge, Inc. is pleased to announce the appointment of Dave Miskowiec to the role of Executive Vice President, Commercial. In his new role he will be responsible for all commercial activity focusing on automotive, NVOCC and charter barge - heavy lift sectors within...
Troy Container Line Announces Paul Keany As Sales Representative RED BANK, NJ (Oct. 16, 2013) - Troy Container Line Ltd., one of the largest American-owned NVOCCs, today announced the appointment of Paul Keany, as sales representative. Based in the company's Red Bank, NJ office, Keany has been charged with expanding Troy Container Line's long-standing tradition of personalized service and care in...
Green Marine and AAPA to collaborate to advance ports' environmental sustainability Green Marine and the American Association of Port Authorities (AAPA) today signed a Memorandum of Understanding underscoring a new collaboration to advance the environmental sustainability of port and terminal operators. The MOU, signed during AAPA's 102nd Annual Convention in Orlando, Fla., will serve as a framework for increased cooperation between the two parties to advance...
Coaching workshop for the Belarusian logistics sector The EU-subsidised logistics project Amber Coast Logistics (ACL) has made its first appearance at Belarusian Transport Week, which was held just recently in Minsk. ACL had a stand of its own and offered a coaching workshop, concentrating on learning from Best Practice examples. Around 70 logistics players from Belarus attended...
Bocimar in the black Belgian bulker owner Bocimar eked out a modest gain in the third quarter thanks in part to the recent rally in the spot market.
Primera loses kamsarmax appeal Delay to an order for kamsarmax bulk carriers at a Chinese shipyard did not amount to renunciation of the contract.
CMES scraps VLCC China Merchant Energy Shipping (CMES) continues to clear out its older vessels with a deal to scrap a VLCC.
Aegean seeks cash Aegean Marine Petroleum is looking to raise upwards of $85m from a convertible notes issue.
Double win for Cosco Shipyard group Cosco Corp (Singapore) has added two more orders to its backlog in China.
Cosco in drillship row Shipbuilder Cosco Corp (Singapore) is going to arbitration in London over alleged delays to a drillship newbuilding.
Avance goes public Emerging VLGC power Avance Gas has completed a $100m float on Oslo's over-the-counter market.
CNCo back for more China Navigation Co (CNCo) has placed its second four-ship eco bulker order in the space of a week.
Stifel pegs cape cap Ships hidden by slow steaming will keep capesize rates capped around $30,000 daily for the next few years, Stifel says.
NCSP takes a tumble Russia's Novorossiysk Commercial Sea Port Group (NCSP Group) has posted a fall in volumes for the first nine months of 2013, but oil products bucked the downward trend.
Keppel O&M profit slips Keppel Offshore & Marine has seen third quarter earnings cut by a fall in orders.
NNC crew do Aussie runner Egypt's National Navigation Company (NNC) says seven of the 11 crew from one of its bulkers who went on strike in Port Kembla last month have disappeared in Australia after failing to show up for a flight that would have taken them home.
Susitna heads for lay-up A US ferry that was too big for its Alaskan berth is to be laid-up after a bid to buy it was rejected.
Korea's $30bn haul South Korean newbuilding orders have climbed by more than a quarter in the opening nine months of 2013, official figures show.
Rescue bungle blamed An inquest has heard a plunge into icy Norwegian seas during a botched cruiseship rescue contributed to the death of a seriously ill UK woman.
Arctia turning it round Finland's Arctia Shipping is continuing to turn around years of losses in 2013.
STX in $50m selldown Fallen Korean giant STX Corp has cashed in a large chunk of its shares in shipowner STX Pan Ocean in deals worth close to $50m.
Klaveness forced to rethink Klaveness has shelved plans to list its new dry cargo spin-off in Oslo after failing to tempt enough investors.
Oceana orders PSV double Brazil's Oceana Offshore is to build two Ulstein-designed platform supply vessels (PSVs) at its new domestic shipyard.
Plucked from the mast Survivors of the Cheng Lu 15 sinking have revealed how they climbed to the top of the vessel's mast as it sank beneath raging Korean seas.
Sanko plan a success Sanko Steamship has won a key battle in its fight to stay afloat after creditors backed a reorganisation plan.
Piracy at seven year low Piracy has fallen to its lowest level in seven years according to the International Maritime Bureau (IMB).
BLRT axes 60 jobs Estonian shipyard group BLRT is laying off 60 workers at its Western Shipyard in Lithuania.
Crane ship breaks down A Shanghai Zhenhui Shipping Company heavy lift vessel has had to be towed into Cape Town in South Africa.
Itau funds Colombian port Pacific Infrastructure Corp has secured funds to help its development of a new port on the northern coast of Colombia.
CMA CGM eyes rate rise CMA CGM is looking to increase container freight rates on its trades out of Asia and Europe into the Middle East.
Fassmer in LNG milestone Fassmer Shipyard is set to build Germany's first LNG-powered ferry under a contract from shipowner AG Ems.
Korean bulker released A South Korean-owned handysize bulker has been released from arrest in Singapore after settling an outstanding bunker bill.
Guarded optimism Security firm AdvanFort is optimistic that a high-profile holdup of an anti-piracy vessel in India will be resolved soon.
Jaxport joins Deep Water Now initiative Deep Water Now has been launched to encourage business and community leaders in the Northeast part of the state to support efforts to deepen the St. Johns River shipping channel to accommodate the next generation of larger cargo ships.
DHL signs deal with BP
ASF puts Airstream trailers en route to Australia
Default averted as government reopens "At a moment when our economic recovery demands more jobs, more momentum, we've got yet another self-inflicted crisis that set our economy back," President Obama said Thursday. "And for what? There was no economic rationale for all of this."
Carriers dampening emerging lanes with big ships
Evergreen's Hsieh sees shale energy as key dynamic for liner carriers Evergreen's Bronson Hsieh said increased production of shale oil and gas, a push to increase U.S. exports, and the potential migration of manufacturing back to the United States would all have an indelible impact on liner carriers.
ILA strike shuts down Baltimore terminals Ships at the port's public marine terminals were not being worked. Work on five ships was idled on Wednesday. Private terminals that handle commodities such as coal, sugar and salt remain open.
EU Commission outlines transportation policy
IATA: More cooperation needed among stakeholders
Green Marine, AAPA collaborate
Group advises caution about Somali pirate activity
Owner orders more 'eco' bulkers Ships to be built to B Delta37 design.
Little price movement in Fujairah Public holiday in Suez.
Prices head up across Europe Tight avails for LS product in Hamburg.
Emissions monitoring system delivered to yard Market Marine says ECA-related demand should mean more orders.
Stena Oil protests attempted 'illegal' sale of seized cargo West African nation's attempted loading to Monjasa chartered tanker is creating an 'international incident'.
Singapore fuel oil stocks falling Sources say bunker demand has been relatively strong.
Asian bunker price movements mixed Below-average demand seen at most key ports.
Strike at Baltimore Industrial action brings car imports to a halt.
Singapore arrest resolved Outstanding bunker bill settled.
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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