Oz farmers challenge Alpha's green light FARMERS in Australia have taken the Indian mining giant GVK to court to oppose a US$6Bn Alpha coal-rail-port joint venture
VINASHIN to lay off at least 14,000 VIETNAM'S government-run shipbuilder VINASHIN said it will lay off at least 14,000 employees as part of a huge restructuring
RCCL boss: Finland remains in the frame RCCL's boss has sought to assure the Finnish yard sector that it's "still in the game" for newbuilding contracts
Neste Oil to sell its last eight tankers NESTE Oil of Finland said it plans to exit its shipping business and to sell its eight tankers
Iron ore cargoes boom to China IRON ore shipments reached a weekly high last week when 41 vessels were chartered to haul the steel-making ingredient to China
RWE to exit turbine ship arena GERMAN power and utilities group RWE said today it seeks to exit shipowning and sell its two large turbine installation ships
High-speed 'eco' performance questioned MR PRODUCT tankers of 'eco' design remain suspect over higher-speed performance, Poten & Partners warned
VLCC ordered arrested NORWAY's DNB has ordered the arrest of the VLCC Gulf Sheba in Rotterdam, Thomas Midteide, the bank's communications chief, told Fairplay today
Oz to loosen cabotage rules AUSTRALIA's newly elected government said today it plans to ease restrictions on foreign cabotage vessels
LR rates continue fall LONG-RANGE products tanker rates are continuing to drop, brokers told Fairplay today
Westports launches IPO MALAYSIA's Westports Holdings said today it had launched its initial public share offer of up to 813M ordinary shares at the Bursa Malaysia
Nam Cheong forms Indonesia JV MALAYSIA's largest OSV builder Nam Cheong said today it had agreed to a joint venture with an Indonesian group to invest in an Indonesia-based shipping company
Upstream finds boost Malaysia's LNG prospects MALAYSIA'S status as am LNG producer and exporter has been boosted by national energy company PETRONAS's recent moves to monetise offshore gas discoveries
Chinese steam coal import uptick seen COAL CARGOES to China could rise in mid-October, with stockpiles dropping at its main coal port, Drybulk consultancy Commodore Research predicted
Keppel retains to 'buy' DMG & Partners maintained buy ratings for Singapore's Keppel Corp after it clinched two FPSO conversion contracts for S$190M ($150M)
US DOT Chief Won't Say When Hours of Service Field Study Will Be Done Transportation Secretary Anthony Foxx defended the research leading to new hours of service rules, but said he couldn't predict when a field study on the truck driver rules would be finished. The Federal Motor Carrier Safety Administration is "working as expeditiously as possible" in completing the study, Foxx said in response...
Push for More Aggressive Harbor Maintenance Trust Fund Reform Stalls in WRRDA The U.S. port and inland waterway industry is celebrating that a major port and inland waterway bill is headed to the House floor for a vote next month after being passed by the Transportation and Infrastructure Committee. But amendments pushing more aggressive Harbor Maintenance Trust Fund reform, changes in the use...
House Committee Approves Water Resources, Trucking Bills The U.S. House of Representatives' Committee on Transportation and Infrastructure today approved H.R. 3080, the Water Resources Reform and Development Act of 2013, which aims to streamline the infrastructure project delivery process. H.R. 3080 was introduced on Sept. 11, and empowers Congress to authorize the U.S. Army Corps of Engineers to...
Vanta to Take Helm of Duluth Seaway Port Authority Vanta E. Coda IIThe Duluth Seaway Port Authority's board of commissioners today appointed Vanta E. Coda II as its new executive director, effective Oct. 1. Coda will succeed Adolph Ojard, who is retiring on Sept. 30 after leading the agency since 2003. "Mr. Coda is exactly the type of person we were...
The American Companies Launches New Website Sep. 12, 2013 - NEW YORK -- Posted September 15, 2013 by Bandwidth Productions (http://www.bandwidthproductions.com/)One of the leading logistics solutions providers recently launched their new website -www.ShipAmerican.com (http://www.shipamerican.com/). Bandwidth Productions was the agency responsible for the website's design & development.NEW YORK, NY, September 15, 2013 - (Press Release) -The American Companies, one of the...
FMC Looks Into China's VAT The Federal Maritime Commission said it is "considering a range of options to obtain further clarity" on how China is implementing a new nationwide value-added tax on international transportation services. The FMC discussed China's VAT at its closed meeting this week. China implemented the nex tax on Aug. 1. The commission said...
Survey: Europe-Based Freight Expected to Improve A container terminal at the Port of Genoa in Italy.The Stifel Nicolaus Logistics Confidence Index, a monthly survey of international shippers and forwarders measuring Europe-based air and ocean freight trade lanes, conducted by Stifel Nicolaus Transportation & Logistics Research Group, rose for a fourth month in September, up 11.3 percent...
Troy Container Line to Enhance US-Asia Coverage Container terminal in Hong Kong.Troy Container Line has plans to launch direct weekly services from Atlanta to Hong Kong and Singapore. The service to Singapore will commence with a maiden voyage out of Charleston, S.C., on the MOL Proficiency on Sept. 21, while the service to Hong Kong is slated to...
Port of New York & New Jersey Launches ExpressRail Working Group A working group comprising terminal operators, CSX and Norfolk Southern railroads, and the Port Authority of New York and New Jersey has been formed to improve service reliability in the wake of this summer's operational problems at the port. The group plans to meet quarterly to address concerns in operating practices...
August 'Another Solid Month' at Port of Virginia The Port of Virginia handled 198,329 20-foot-equivalent units in August, putting it among the top 5 all-time most productive months for container volumes in the port's history. "August was another solid month at the Port of Virginia, and speaking in terms of TEUs, we're ahead of August 2012 by more than...
FedEx's Profit Rose 7 Percent in First Quarter FedEx reported its net profit in the first quarter of fiscal year 2014, ending Aug. 31, 2013, was $489 million, increasing 7 percent year-over-year from $459 million. "Growth in overall demand for our broad global portfolio of solutions drove our improved first quarter results," said Frederick W. Smith, FedEx chairman, president...
CEVA recognizes excellence at third annual Global Supplier Awards Event held in CEVA's first Center of Logistics Excellence, Jacksonville, Florida, U.S. IAG Cargo/British Airways crowned CEVA's Global Supplier of the year. Hoofddorp, the Netherlands, 18 September, 2013 - CEVA Logistics, one of the world's leading supply chain companies, today announced the winners of its third annual Global Supplier Awards, with IAG Cargo/British...
Westcore Properties Jumps into Colorado Industrial Property Market with Two Acquisitions Worth $29 Million Denver, Colo. - Sept. 18, 2013 - The momentum continues to build at Westcore Properties with two recent industrial property acquisitions totaling $29 million in top performing markets in Denver. The introduction of Westcore Properties to the industrial property market pool in Denver highlights the firm's expanding operations in Colorado and throughout the Western U.S. "In 2012 Westcore...
Maersk Line to Hike Asia-Europe Rates in November Maersk Line has plans to increase the price of shipping a 20-foot ocean container from Asia to Europe by $600 in November because current rates are "increasingly unsustainable." The higher rate will apply to all cargo moving from Far East Asia, excluding Japan, to North Europe and the Mediterranean. Rates for...
US Intermodal Data & Mapping Tool Access JOC's U.S. Intermodal Data & Mapping ToolJOC's U.S. Intermodal Data & Mapping Tool displays pricing and volume data for shipping a 53-foot container by rail within the United States. The information available via the map can be accessed through three tabs: City to City, Region to Region, and Directional: With the...
Ocean Carriers' Exit Puts Stress on Inland Chassis Supply A prominent trucking industry executive warned that operational changes at rail ramps and other inland locations because of the accelerating exit of ocean carriers from the chassis business are placing added stress on the fragile intermodal drayage industry. Ken Kellaway, president and CEO of RoadOne Intermodal Logistics, which has drayage operations...
TCV Stevedoring Adds RTG Cranes Pieces of TCV Stevedoring's new RTG cranes are unloaded at the Port of Valencia.TCV Stevedoring Co., a Grup TCB stevedoring company in Spain's Port of Valencia, has taken delivery of the components of its four new Konecranes rubber-tire gantry cranes. The components, comprising 116 pieces with a total weight of 368...
IAG Cargo to Enhance London-India Route Hyderabad, IndiaIAG Cargo has plans to increase flights between London Heathrow Airport and Rajiv Gandhi International Airport in Hyderabad, in order to cater to the city's booming pharmaceutical industry. The number of flights will rise from six to seven a week, with the new daily service starting on Oct. 27. The...
Classic takes a third Santoku Senpaku of Japan is the latest shipowner to take advantage of a rising capesize market to lock a modern vessel into a period contract.
Reefer in drugs search A Swedish reefer is being searched for illegal drugs by French customs after being intercepted off Martinique.
Scorpio scoops resales New York-listed Scorpio Tankers has added another four tankers to its huge orderbook in a resale deal with Ceres Hellenic in Korea.
Westports eyes $700m Westports Holdings expects to raise close to $700m when it floats in Kuala Lumpur next month.
White Knight for Nordic? Nordic Shipholding is on the verge of reaching an agreement for a desperately needed capital injection.
Neste tanker fleet for sale Finland's Neste Oil has put its tanker fleet up for sale as it plans an exit from shipping.
Distressed duo set for sale Two vessels from the fleet of Italian owner SMTV are set to go under the hammer in Genoa after the liquidator approved their sale.
Precious funds China duo Thai bulker owner Precious Shipping has secured a loan to fund a pair of cement carrier newbuildings in China.
Platou cuts Wilhelmsen RS Platou Markets has downgraded shares in Wilh Wilhelmsen ASA following a summer surge in its share price.
Court backs crew claim Madras High Court in India has ordered that crew receive wages from funds raised by the auction of their tanker.
Jinhui shreds supramax Jinhui Shipping and Transportation has gunned a supramax newbuilding ordered before the crash due to delivery delays.
Nam Cheong goes next door Malaysian offshore vessel builder Nam Cheong has dipped a toe into the lucrative Indonesian market after entering into a joint venture.
Mols-Linien on the up Danish ferry owner Mols-Linien has boosted the number of vehicle carryings five-fold in the last three months.
Greek goes long Iason Hellenic of Greece has found higher-paying period employment for one of its 2013-built panamax bulkers.
German yard numbers fall The German shipbuilding workforce has shrunk by 6.2% in the last year, according to a new survey.
Fearnleys changes watch Fearnley Securities has promoted Rikard Vabo to head of corporate finance following almost a decade leading the company's shipping equity research.
Batista's woes worsen Eike Batista's OSX Brasil is being sued in a court in Brazil over an alleged missing payment to a bunker supplier.
Tanker on the rocks A veteran products tanker has grounded on rocks off Sweden.
Vietnam tries again The Vietnamese government plans to set up a new shipyard holding company as the restructuring of state shipbuilder Vinashin drags on.
NRSL sell-off fails Russia has failed to sell its 31.32% stake in cargoship owner Northern River Shipping Lines (NRSL).
Navios in Iran link Navios Maritime Holdings has denied that calls at ports in Iran by four of its ships last year broke US sanctions.
Korean ship arrested A South Korean general cargo vessel has reportedly been arrested in Singapore by the local admiralty sheriff.
Air France to part with 747 freighters in 2015 Airline officials said the global air cargo market faces over capacity and most combination airlines are focusing on carrying cargo in the belly holds of their passenger planes. After the 747s leave, the carrier will have two B777 freighters.
Rep. Hahn wants more HMT reform in WRRDA bill
Roadrunner buys YES Trans for $1.2 million Fresh on the heels of its acquisition of G.W. Palmer, Roadrunner Transportation Systems has purchased the assets of refrigerated truckload provider YES Trans for $1.2 million in cash and an earn-out capped at just more than $1 million.
FedEx brings priority ocean service to India The company added Bangalore, Chennai, Delhi and Mumbai to its international direct priority ocean product, bringing the end-to-end ocean service to India. Officials point to a 2012 growth in ocean freight of 12 percent in the country.
CP loses intermodal customer to CN
IAG Cargo increases frequency to Hyderabad
U.S. truck spot prices down
U.S.-flag Great Lakes carriers move 10.6% more cargo in August
IATA outlines emissions expectations for ICAO assembly ICAO is scheduled to address safety, security and information exchange in the aviation industry, but much of the aviation world is focused on the discussion of the environmental impact of global airlines.
USDA says 2013 food aid to benefit 10.5 million people
Firm bunker prices reverse trend from early in the week Rotterdam high sulphur 380 cSt climbs by $11.50
Prices firming in Fujairah Markets soft in South Africa.
Bunker player receives payment for using low sulphur fuel Swedish port paid $314,000 to six companies in first half of 2013.
Norwegian firm scores PSV contract To supply nitrogen membrane generators.
Shell seeks greater fleet efficiency Bunkers earmarked as an area for efficiency gains.
Ship operators should 'treat all bunker fuel for cat fines' Cat fine problem has been made worse by 'declining on board maintenance practices.'
Asian bunker prices rising Average demand in Hong Kong ahead of a public holiday on Friday.
Arctic route no threat to Singapore trade But players will watch developments with interest.
Cut in refinery runs hits fuel oil stocks Singapore inventories fall for the first time in four weeks.
OSX in court over alleged missing payments World Fuel Services seeking claims of $8.7 million, say reports.
New trader at Malik Recruit comes from an international shipping background.
Bunker players appeal to Russia's Prosecutor General Calls for investigation on legality of new bunkering rules.
New bunker tanker deployed in Saint Petersburg The Sula will deliver MDO, says Nevsky Mazut.
Singapore could see flow meters by 2014 Making a bunkering licence conditional on flow meter use may arrive sooner rather than later, says shipping technology executive.
Stream Tankers orders fuel-saving newbuilds Contract includes options for another three chemical tankers.
Vessel air cavity system in final testing stage System can reduce fuel consumption by up to 10%, says Lloyd's Register.
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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