Connecticut group taps Bugbee as its 2014 Commodore Scorpio president says he is standing on the shoulders of others
Frontline 2012 sells eight VLGC newbuildings to Avance Purchase marks joint venture's move to consolidate gas-carrier segment
Diana reports its third quarterly loss Greek dry bulk firm expands its fleet and beats analysts' expectations
VLCCs report spike in Middle East-Asia earnings Rates top $50,000 per day on bookings for early December
Georgiopoulos races against the clock to raise Maersk tanker takeover funds New York-based shipowner has until the end of November to exercise his options
Escalating pirate attacks is top security concern for shipping FREE CONTENT: Lloyd's List survey reveals growing concern about port security and cyber attacks
Topaz Middle East unit reports 40% income hike Nico reports improved vessel utilisation rates
Maersk joins Asia-Europe rate push Danish carrier will increase prices by $750 per teu from December 15
Shipping steps up aid response to Philippines typhoon Shipmanagers mobilise communications and relief as ICTSI works to restore Tacloban port
Yang Ming, CSCL and UASC launch new transpacific partnership Merged service cuts capacity from Asia-west coast US trade lane
Hyundai Merchant Marine fundraiser falls short Rights offering and bond sales deliver half the company's target amount
Rickmers Maritime plans $241m bond sales Singapore-listed trust refinances borrowings and builds working capital
AIG agrees $400m loan to Edison Chouest Proceeds will be used for refinancing and acquisitions
Political showdown threatens Long Beach business, say carriers Port users speak out as mayor seeks to oust harbour commission president
Höegh LNG slides into the red Oslo-based firm focuses on long-term FSRU strategy
Scorpio Bulkers books three capesizes Expansion-minded venture signs $162m deal to build ships at DSME's yard in Romania
Star Bulk buys two Daiichi ultramaxes Deal for aggregate $58.1m continues 'transformation' of Greek owner
Marenave sinks into red GERMAN ship asset trust Marenave had €0.8M ($1.1M) in losses in 3Q13, mainly because of weak spot charter markets in the tankers, dry cargo and container ship segments
US LNG export OK affects carriers demand DEMAND potential for LNG carriers is nudging higher because of tentative US approval for a fifth permit to export the cargoes to countries not in free-trade agreements
RMT launches $241M in notes RICKMERS Maritime Trust, a Rickmers Group affiliate, today launched a S$300M ($241M) medium-term notes programme
Virginia peak total surges by 25% y/y HOLIDAY peak season box imports surged 25% year on year at Port of Virginia, which helped it break its single-month record for container shipments
Scorpio Bulkers orders three Capesizes SCORPIO Bulkers, the rapidly expanding drybulk shipping company whose shares are traded on the over-the-counter market in Oslo, says it has ordered three Capesizes at the Daewoo Mangalia shipyard in Romania
German owners donate $100,000 in Philippines aid THE German Shipowners' Association VDR is providing $100,000 in aid to Filipino seafarers and their families who have fallen victim to Typhoon Haiyan
Delays dent hype on Oz LNG SEVERAL greenfield LNG projects in Australia are continuing to be delayed
Höegh LNG focuses on future after interim loss NORWAY'S Höegh LNG said today the long-term outlook for both its businesses remains positive, despite a weakened performance in 3Q13 and the first nine months of the year
GPH to take over Bar's port TURKEY'S Global Ports Holding has been chosen as the preferred bidder for the 62% majority stake in the Montenegrin port of Bar, now held by the maritime transport ministry
Ningbo auctions two bulkers to scrappers SHANGHAI-listed Ningbo Marine said today it has auctioned two ships to Fujian Saijiang Shipping Dismantlement for 56.5M yuan ($9.3M)
SinOceanic II debt converted into equity SINOCEANIC II, part of the Norwegian boxship tonnage provider SinOceanic Shipping, said today it has converted $80.3M in lending into equity
Klaveness joins Tufton in bulker deal THORVALD Klaveness said today it has joined with hedge fund manager Tufton Oceanic to boost its drybulk business
SapuraKencana acquires Austrian unit MALAYSIAN rig owner SapuraKencana Petroleum Berhad said it has acquired 50% stake in new Austrian company Seabras Sapura Holding
Chassis Finder Expands US West Coast Network Chassisfinder.com, an Internet-based chassis reservation exchange owned and operated by Chassis Finder, has expanded its coverage to include locations in or near the port complexes of Los Angeles, San Francisco and Seattle. "We have seen consistently strong overall growth since inception," said Bill Knight, president of Chassis Finder, in a written...
Trucking Environment Remains Less-Than-Ideal for Shippers FTR Associates' Shippers Conditions Index improved marginally in September, but not enough to take it out of deep negative territory, reflecting a less-than-ideal environment for North American shippers. FTR's Shippers Conditions Index year-to-date. Full-size image The index rose 0.8 points from the previous month to a reading of negative 7.9, but the...
FMC Extends Deadline for P3 Comments The Federal Maritime Commission has extended its deadline until Nov. 29 for comments on the global P3 alliance of Maersk, Mediterranean Shipping Co. and CMA CGM. The carriers filed the agreement with the FMC on Oct. 24. It will become effective Dec. 8 if the commission does not seek an injunction...
Trucker Protests Leave Southern California Ports Unscathed Harbor truck drivers backed by the Teamsters union made a statement this week by demonstrating against alleged unfair labor practices at three drayage company facilities in the Los Angeles-Long Beach area, but their actions had no impact on cargo-handling at the port complex. Spokesmen at both ports said thousands of trucks...
US Shippers Raise Volume Expectations for 2014 It's far from a surge of optimism, but shippers' expectations on how much freight they move via land, sea and air in the coming months is the second highest in the past six quarters. In a survey conducted by Wolfe Research in August and September, U.S. shippers said they plan to...
GE Transportation Announces New Software Products for Intermodal Terminal Operations at the Intermodal Association of North America's 31st Annual Intermodal Expo The following breakthrough technologies are featured in booth 1032 at the Intermodal Expo: OASIS Driver Mobile App brings smartphone technology to drayage truck drivers to reduce gate processing time and improve terminal efficiency OASIS Stack Train Optimization technology helps increase fuel efficiency of intermodal trains OASIS Gate Kiosk web-based, touch screen application automates...
DP World Australia Completes Next Phase of TOS Standardization & Centralization with Navis N4 Go-Live in Melbourne OAKLAND, Calif.--(BUSINESS WIRE)--Navis, the global technology standard for managing the movement of cargo through terminals, today announced that DP World Australia has reached a major milestone, completing Navis N4 terminal operating system (TOS) upgrades on three of four planned DP World sites. DP World Sydney, DP World Fremantle and, now,...
IANA and FMCSA Unveil Paperless Roadability Compliance Tool Houston, TX (PRWEB) November 18, 2013 In collaboration with the Federal Motor Carrier Safety Administration (FMCSA), IANA announced today, at the 2013 Intermodal Expo, a pilot program designed to improve lag times that often occur between the issuance of a roadside inspection report to a driver and delivery of the report...
Crowley Awards $10,000 in Scholarships to Four University of Washington Business Students (Seattle, Wash.; Nov. 19, 2013) - Crowley Maritime Corporation recently awarded $2,500 Thomas B. Crowley Sr. Memorial Scholarships to four students in the University of Washington's (UW) Foster School of Business. The students, Kainan Bell, Vi Nguyen, Giovanna Oseguera Tapia and David Kashubin, were chosen for their academic achievements, excellent scholarship essays and demonstrated...
NY-NJ Port, Global Criticize Police Action Surprise inspections of trucks by Jersey City police stalled traffic at Global Terminal for a second consecutive day Tuesday, bringing complaints from the Port Authority of New York and New Jersey and terminal management. The inspections caused trucks to back up into the Bayonne, N.J., terminal. Cargo was delayed as drayage...
Li Shaode Retires From China Shipping Li Shaode, 63, has retired as chairman of China Shipping Group, one of the largest state-run shipping conglomerates in China. The Investor Relations Department of the group's listed company, China Shipping Container Lines (CSCL), has confirmed the news. "Li Shaode has reached his retirement age, and that is the reason why he...
For-Hire Trucking Tonnage Index Dips for First Time Since July The American Trucking Associations' advanced seasonally adjusted For-Hire Trucking Tonnage in October fell for the first time in July, but the group's economist said it wasn't surprising for traffic to dip after a strong run. The index fell 2.8 percent last month, after rising 0.5 percent in September. Year-to-date, versus the...
Jersey Police Slow Container Terminal Truck Traffic Jersey City police conducting safety checks of trucks exiting Global Terminal in the Port of New York and New Jersey slowed truck traffic at the facility for a second consecutive day today. Jersey City officials said this week they planned to file a $400 million lawsuit against the Port Authority of...
UPS Survey: High-Tech Supply Chains Move Closer to Global Markets & Customers Manufacturers of high-technology products all over the globe are near-shoring or intending to move production closer to the markets they serve. Many high-tech companies expect their exports to grow faster over the next two years than they did this year. They are also adjusting their supply-chain strategies to focus them more on...
Rickmers Maritime Trust Sets Up Corporate Bond Program Rickmers Maritime Trust has established a Singapore $300 million (about US$240.5 million) corporate bond program to fund capital expenditure. The net proceeds from the issue of multi-currency, medium term notes will also be used for general corporate purposes, including refinancing of the working capital of the Singapore-based trust and its subsidiaries. "The...
Lufthansa Cargo to Launch 777 Freighter Service Lufthansa Cargo's first Boeing 777 freighter is 63.7 meters long with a wingspan of 64.8 meters.Lufthansa Cargo's first Boeing 777 freighter will take off from Frankfurt, Germany, tonight, bound for New York's John F. Kennedy International Airport, on its first scheduled flight. The aircraft, which will fly on to Atlanta and...
Long Beach Slows Search for New Chief Amid Turmoil The Long Beach Harbor Commission Monday decided to slow down its search for a new executive director to allow the nation's second-largest container port to regain its political stability. "I can't see us hiring anyone while we are in this state of disarray," said Nick Sramek, the commission's vice president. However, the...
Korean Register and Russian Maritime Register of Shipping to cooperate on shipbuilding At last week's (13 November) 6th Korea-Russia Business Dialogue meeting held in Seoul and attended by President Putin and President Park Guen-hye, the Korean Register (KR) and the Russian Register of Shipping (RS) took the opportunity to sign an agreement on shipbuilding. The memorandum of understanding brings the two class societies...
DHL scoops African newsmaker award Cape Town, November 18, 2013 -DHL Express, the world leader in international express delivery, recently walked away with top honours at the Africa Movers and Makers Awards, scooping the 'Africa's Top NewsMaker - Company' award. The award, backed by the Supply Chain Council and presented at the Africa Movers and Makers...
Seaspan targets newbuilds Seaspan has hatched another fundraiser aimed at securing the cash it needs to finance the expansion of its containership fleet.
CMA crowns 2014 commodore Industry veteran Robert Bugbee has emerged as the Connecticut Maritime Association's (CMA's) next commodore.
AMP returns fire A research report denouncing an increasingly controversial 90-year-old US cabotage law has triggered a fierce war of words between a leading shipping consultancy and an influential trade organisation.
Buyers flock to bulkers Freight rates for capesize and panamax bulkers are well below the highs seen back in September but asset values are on the rise and overall industry sentiment appears to be stronger than ever.
Scorpio orders first VLCCs Scorpio Tankers is making its first foray into the VLCC market with an order for four units at South Korea's DSME carrying unusually prompt delivery dates, market sources tell TradeWinds.
Voyager on the way out Costa Cruises is ditching its 2000-built Costa Voyager.
FRNT nets VLGC profit John Fredriksen's Frontline 2012 is looking at a profit of $92m after completing the sale of its VLGCs to partner Avance Gas.
Atlantic inks double Norway's Atlantic Offshore has landed long-term charters for a pair of vessels including one for the latest addition to its fleet.
OSG sues tax advisor Overseas Shipholding Group (OSG) has sued its former lawyers over the tax problems that preceded the tanker owner's descent into bankruptcy.
Tersan adds wellboat Turkey's Tersan shipyard has won an order to build a Rolls-Royce-designed wellboat.
Veteran vessel scrapped The first ship ever built for Royal Caribbean Cruises (RCCL) has been sold for demolition in China.
Marenave eyes buys German shipowner Marenave Schiffahrts has hinted it is about to hit the expansion trail after completing a financial restructuring.
Diana in the red Diana Shipping nudged ahead of Wall Street forecasts in the third quarter to record a smaller than expected loss.
Minship adds double Germany's MST Mineralien Schiffahrt Spedition und Transport (Minship) has strengthened its partnership with China's Avic group through a double vessel order.
Rickmers eyes notes Rickmers Maritime Trust has laid the groundwork for a series of notes issues which could bring in almost $250m.
US death probe begins Conflicting accounts of what happened to chief engineer on Oldendorff cargoship.
Topaz turns it on Dubai's Topaz Energy and Marine has built its nine-month profit as it offshore fleet grew.
Swissco swoops for trio Swissco Holdings has pushed its newbuilding tally to 11 ships with the addition of three more offshore support vessels (OSV) in China.
Remoy seeks full control Rem Offshore's CEO and largest shareholder Age Remoy is preparing an offer to mop up all the remaining stock in the company.
Star to return? Star Bulk has been tipped to tap the capital markets again if it wants to expend its existing fleet substantially but the Greek owner has no plans of returning to Wall Street right now.
Atlantic inks China double Atlantic Navigation Holdings is expanding its fleet with a pair of offshore support vessel newbuildings in China.
STX PO swapping more Restructuring bulker owner STX Pan Ocean has added more debt to its equity-swap rescue plan as two banks secured earlier repayment schedules.
Discounted DSME South Korea's Financial Services Commission plans to offload a 5% stake in shipbuilder DSME at a discount following its recent share price rally.
Eco march continues Western Bulk has added a second eco newbuilding to its fleet in under a week.
Hoegh LNG turns red Hoegh LNG has turned in a deeper than expected loss for the third quarter.
Kazakhs eye bulkers Kazakhstan is eyeing the formation of its first dry cargo shipping company.
NRSL profit jumps Net profit is up 154% at Northern River Shipping Lines (NRSL) in the first nine months.
U-Ming profit chopped U-Ming Marine Transport has seen its bottom line cut back as revenue fell.
Li Shaode steps down Li Shaode has retired as the chairman of China Shipping (Group) with immediate effect, the company has confirmed.
Cargill eyes LNG as fuel Cargill has emerged as a partner in a cross-industry collaboration looking at using LNG as a fuel for tankers and bulkers.
Lauritzen cuts Axis stake J Lauritzen has sold off one-third of its holding in floatel joint venture start-up Axis Offshore.
Scorpio goes large Scorpio Bulkers has ordered three capesize newbuildings in Romania in a move that sees it expand into a third dry bulk sector.
Essar bulker arrested An Essar Shipping bulker has been arrested in Singapore, court documents seen by TradeWinds show.
Bumi beats Teekay All eyes were on Bumi Armada Monday after the Malaysian offshore contractor secured a contract to build and operate a floating production, storage and offloading unit (FPSO) on behalf of a consortium led by EnQuest.
Yang Ming swaps slots with UASC, China Shipping in transpacific What UASC calls the AWSI and CSCL labels its AAS2 will be merged with Yang Ming's PSW4, and each of the carriers say they will continue to use those individual designations. The service will employ six vessels of 4,250 TEUs.
OOCL ship abandons transpacific voyage after mechanical problem OOCL Canada has arranged for inspections and is expected to arrive in Shanghai later this week. OOCL said it has made arrangements for boxes to be transferred to another ship, which will take the cargo to Long Beach, Calif.
China Shipping names new chairman
Maersk says it's 'business as usual' at Lazaro Cardenas
MOL makes logistics push
PEMA paper reviews electric RTGs
NIT League: European shippers more concerned about P3
Korea, Russia ship registries cooperate on shipbuilding
Yusen, pharma shipper start temp-controlled LCL service
New phytosanitary measures open U.S. market to Uruguay fruit On Monday, the first shipment of fresh citrus from Uruguay to the United States was unloaded from a vessel at the Port of Philadelphia. USDA is requiring fruit from the country be cold treated and shipped in refrigerated containers.
Washington Notebook: House freight study - where's the beef?
Trucking industry documents drag caused by HOS rule More than 80 percent of motor carriers surveyed have experienced a loss of productivity under the new rule.
Fuel regulations 'could hit Hong Kong's competitiveness' Hong Kong is unlikely to help shipowners meet the cost of switching to low sulphur fuel.
Asian IFO prices stick to upward path 'Very tight' supplies reported in Busan.
Bourbon sells two vessels Company is building a more 'modern, fuel efficient' fleet.
Nustar profits climb despite poor demand for bunkers 'Reduced demand for bunkers and increased competition in the US Gulf Coast and Caribbean has negatively impacted our sales prices.'
Offshore company takes delivery of PSV Vessel's X-bow hull design 'significantly' reduces fuel consumption.
Non-lien clause on BIMCO's agenda A possible non-lien clause for time-charter parties discussed by shipowners' body.
Dual-fuel wins big loan backing Prospect of cheap gas pulls banks into billion dollar deal.
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