Seanergy bulkers dwindle VICTOR Restis-controlled Seanergy today disclosed that it has sold three more bulkers in return for full satisfaction of underlying debt
Bodouroglou bags loan NASDAQ-listed Paragon Shipping today confirmed a new $69M credit facility from China Development Bank to partially fund two newbuilding box ships
Intra-Asian product rates hit SWELLING tonnage lists and slow activity is causing a drop in rates for intra-Asia oil products cargoes
PLP's throughput drops despite APM move RUSSIA'S top box terminal, Petrolesport, has reported the worst performance among its domestic rivals, despite a cash injection from AP Møller Maersk
Xiamen throughput rises 17% XIAMEN'S port has reported throughput of 2.42M teu in the first four months of 2013, up by 17.3% on 2012
Greeks order 142 ships in China CHINESE yards have received orders for 142 ships from Greek shipowners, according to Greek shipping minister Kostis Moussourouli
US port timelines halved DEEPENING and other port expansion project timelines in the US have been ordered cut in half by President Barack Obama
Gloomy MOL offloads ships MITSUI OSK Lines is continuing to sell ships in the secondhand market, as it works towards restoring profitability for this financial year
RCL, COSCO swap slots THAI feeder operator Regional Container Lines said today it has launched a China/Australia service through a new slot arrangement with COSCO's SAS service
Spot box rates diverge SPOT BOX rates for long-haul cargoes from China are diverging, according to Shanghai Containerized Freight Index figures
Paperwork snarls NZ meat cargoes to China CHINA has blocked delivery of tens of millions of dollars worth of meat cargoes from New Zealand - over a paperwork glitch
Zim to Boost Asia-South America Rates in Mid-June Zim Integrated Shipping Services will raise rates for all shipments on its trade from Asia to the east coast of South America, starting June 15. The increase will be $500 per 20-foot container and $1,000 per 40-foot container, the carrier said. Containerized exports from Far East Asia to South and Central America...
BDP Chief Expects Manufacturing Exodus From Asia Slow-steaming by shipping lines and the reduction of currency and supply chain risks will spur more original equipment manufacturers to locate new manufacturing sites closer to the U.S. or move existing facilities from Asia, according to Rich Bolte, chairman and CEO of logistics service provider BDP International. "I think in the...
DHL & Pizzas 4 Patriots Enter Guinness Book of World Records With Largest Pizza Delivery in History PLANTATION, Fla., - DHL Express, the world's leading international express services provider, has been entered in the Guinness Book of World Records for performing the largest pizza delivery in history for Pizzas 4 Patriots, a non-profit organization. Since 2008, DHL Express and Pizzas 4 Patriots have joined forces to bring...
Ryder Announces Winners of 2012 Chairman's Safety Award MIAMI - Ryder System, Inc. (NYSE: R), a leader in transportation and supply chain management solutions, is pleased to announce the winners of its 2012 Chairman's Safety Award.Ryder's Chairman's Safety Award provides annual recognition to segments of its business in the U.S. and Canada that demonstrate superior dedication, leadership,...
Georgia Ports Authority's Container Traffic Up 4 Percent Georgia Ports Authority reported container traffic in April totaled 258,951 20-foot-equivalent units, increasing 4 percent from April 2012 and rising 11.3 percent from March 2013. Exports remained dominant, representing 54 percent of loaded volume, the GPA said in a written statement. Meanwhile, the GPA moved 2.4 million tons of cargo in April,...
US Official Touts Success of Panama Trade Agreement Rebecca Blank, U.S. acting commerce secretary, discussed Panama Canal expansion opportunities for U.S. companies with Jorge Quijano, Panama Canal's administrator, and Roberto Roy, president of the Panama Canal board and the Panama City subway. Rebecca Blank, U.S. acting commerce secretary, has wrapped up her week-long Latin America trade mission in Panama,...
Workforce Florida Offers Funding for Logistics Industry Workforce Florida has made available a $2 million Quick Response Training Challenge Grant for employers in Florida's logistics and trade industry, according to Chris Hart IV, president and CEO of the statewide work force policy board. The grant, which has been applauded by the Florida Department of Transportation, aims to meet...
Port of Virginia Flexes Post-Panamax Muscle The Port of Virginia is aiming to boost container traffic by capitalizing on its post-Panamax draft, tapping improved intermodal service, increasing customer service and developing distribution centers. Contact Mark Szakonyi at mszakonyi@joc.com and follow him at twitter.com/szakonyi_joc....
Port Logistics Group Expands in California Port Logistics Group opened two facilities in City of Industry, Calif.Port Logistics Group has added more than 1.1 million square feet of warehouse space to its City of Industry Retail Distribution Campus in California with the opening of two new facilities. One of the logistics provider's facilities has 350,000 square feet...
Port of Oakland's Container Throughput Improved in April The Port of Oakland's containerized throughput rose 1.4 percent year-over-year in April, reaching 190,727 20-foot-equivalent units, including both laden and empty containers. Fully laden containerized imports in April totaled 65,630 TEUs, increasing 3.5 percent year-over-year, with exports totaling 83,810 TEUs, improving 4.4 percent. Meanwhile, empty import containers totaled 21,322 TEUs, down...
CTS: Australasia Exports to South America Plummet Containerized export volume from Australasia/Oceania to South and Central America plummeted in March 2013, according to data from Container Trades Statistics Ltd. This lane has seen double-digit year-over-year drops for five of the past six months. Australasia/Oceania to Far East Asia Australasia/Oceania exported 158,500 20-foot-equivalent units to Far East Asia in March...
SSA Pacific Signs Lease at Port of West Sacramento The Sacramento-Yolo Port Commission in California has approved a new lease for its West Sacramento maritime facilities with SSA Pacific. The lease, which takes effect July 1, 2013, replaces an existing Terminal Operations Management Agreement with SSA. The deal provides guaranteed rent payments to the Port of West Sacramento and shifts...
Brazil Set to Lift Ban on Imports of EU Cattle, Beef Brazil has amended its import regulations regarding bovine spongiform encephalopathy, paving the way for the ban on imports of breeding cattle and beef from the European Union to be lifted. The European Commission applauded the change and encouraged Brazil to bring all of the remaining import conditions related to BSE and...
Sea Star Line Names Nolan Executive VP Sea Star Line LLC has named Tim Nolan executive vice president, reporting to company President Peter Keller. He will be based in Jacksonville, Fla. Nolan has a broad background in liner shipping, business development and international logistics management. He most recently served as senior vice president and general manager for an...
Pennsylvania Awards Funding for Natural Gas Fleet Conversion Pennsylvania's Gov. Tom Corbett has awarded more than $6.7 million in Act 13 funding to 18 organizations making the switch to natural gas for their heavy-duty fleet vehicles. Act 13 of 2012 increased protections of private water supplies, allowed the Department of Environmental Protection to issue larger fines and included a...
Aliança Unveils 3,800-TEU Container Ship in Brazil Christening of the Sebastião Caboto in Santos.Aliança has unveiled its new container ship, Sebasti'o Caboto, at the Terminal Maritimo de Passageiros in Brazil's Port of Santos. The vessel is the first in a series of four identical container ships with a capacity of 3,800 20-foot-equivalent units apiece. Each ship is fitted...
Five Below Opens Distribution Center in Mississippi Five Below, a merchandise retailer for the teen and pre-teen markets, has opened a new $2 million distribution center in the former Mazda building in Olive Branch, Miss. "This location will be crucial to the growth of our company as we expand our presence to new western markets," said Tom Vellios,...
Katoen Natie Opens Warehouse in Estonia Katoen Natie has opened a 25,000 square meter (about 269,098 square foot) warehouse complex for the management of goods to be directed to Russia and the Commonwealth of Independent States in Muuga Harbour in Estonia, marking the start of operations of Port of Tallinn Muuga industrial park. The Muuga logistics center...
Cosco to Boost Asia-South Africa Trade in Mid-June Cosco Container Lines will increase rates for all shipments, including refrigerated cargo, on its trade from the Far East to South Africa, starting June 17. The hike will be $300 per 20-foot container and $600 per 40-foot and 40-foot high-cube container, according to the carrier....
And then there were six Limarko Shipping Co has offloaded the last of its multipurpose vessels in a transaction that will leave the Lithuanian operator with six reefers and a pair of containerships.
Seanergy sells again Greece's Seanergy Maritime Holdings has cleared $39m of debt by handing three handysizes over to a buyer appointed by one of its lenders.
Maersk: Asian attack Maersk boss Nils Andersen has pledged to defend his group's boxship market share in the face of price-cutting from competitors.
One killed in blast A shipyard worker has died in an explosion during welding work at Tuzla in Turkey.
Crewman dies in fall A ferry worker has been killed in a fall on a vessel off Norway.
Freeport to spur stocks Approval of the first US export LNG project in two years will provide a shot in the arm for listed shipowners in the sector, a leading analyst says.
Split wins cruiseships Croatia's Brodosplit Shipyard has clinched an order for five new cruiseships.
LPG running hot VLGC rates have powered to their largest weekly gain in almost a decade.
Costa board under scrutiny Italian prosecutors are investigating board members of Costa Cruises in connection with the Costa Concordia tragedy.
Laskaridis bulks up Greece's Laskaridis group has revealed a big newbuilding splash in China, adding 10 bulkers and lining up new reefers.
Greek orders rain in Greek shipowners ordered 142 newbuildings from Chinese shipyards in April, confirming their status as China's most important customers.
Lilgert to appeal A Canadian officer found guilty of criminal negligence in the fatal Queen of the North sinking in 2006 is to appeal.
KDB fears hurt STX PO Rumours Korea Development Bank is unlikely to take over STX Pan Ocean put the skids under the shipowner today
DIS in double sale d'Amico International Shipping has continued its fleet renewal efforts with the sale of two late 1990s built MR tankers.
TT Club boosts reserve The Through Transport Mutual Insurance Association made a surplus of $4.2m last year to lift its free reserve to almost $150m.
Steamship Mutual loses $9.6m An adverse claims trend has led to a second year in the red for the Steamship Mutual Underwriting Association.
SNO losses grow Romanian shipbuilder Santierul Naval Orsova (SNO) has recorded a rise in its first quarter loss as costs jumped.
Crude conundrum Indian oil companies are campaigning to lower the cost of crude imports by ditching the government's free-on-board (FOB) requirements.
HHI doubles up Hyundai Heavy Industries (HHI) of Korea has recorded a 109% rise in new orders to the end of April.
Kingfish dumps MRs UK-based Kingfish Trading has reportedly cancelled orders for eleven MR tanker newbuildings in Brazil.
Mercator slumps to loss Mercator Lines (Singapore) has slumped to a full-year loss of $78m for 2012 due to the forced disposal of a VLOC.
Gunvor taps bond market Gunvor, the Russian oil trader, has tapped the capital markets as it looks to expand into assets such as refineries and coal mines.
Maersk plans $750 rate hike from Asia to North Europe The liner carrier also announced a $150-per-container increase on dry and refrigerated cargo moving from the Mediterranean to the Far East, effective June 1. From Syria, the increase will be $115 per container.
Drewry forecasts more slow steaming
SeaIntel says shippers should prepare for 'blank sailings' Lars Jensen, chief executive officer of SeaIntel Maritime Analysis, writes that "From a service quality perspective, the data thus support the shippers' notion that this is becoming a significant issue if supply chain stability is of importance."
Georgia Ports has record April
Virginia to open Canadian agriculture trade office
Airport cargo results enforce negative trend March tonnage numbers for four airports spanning the United States - Los Angeles, Miami, Atlanta amd Dallas-Fort Worth - paint a mixed picture of the health of U.S. airports, but the general trend is one of cargo activity decline.
Report: China will assist its shipping industry Xinhua quoted He Jianzhong, China's vice minister of transportation, as saying the government would assist companies in several ways, including offering subsidies to encourage retirement of old ships to reduce supply and improve safety.
Developer adds California retail distribution space
EEDI modified for ferries Changes agreed at MEPC 65.
IFO prices in Fujairah start week soft Cape Town saw some upward price movement.
Week starts with soft trend across Europe Markets quiet on public holiday.
Call for tighter regulation in West African bunker market Ghana-based bunker supplier says tighter regulation would give ship operators more confidence.
Players monitoring signs of fuel oil stock build 'We are oversupplied with fuel oil, oversupplied with crude, and there is no additional demand.'
Expect more slow steaming, says analyst Market fundamentals mean growth of practice inevitable.
Russian fuel oil output has fallen Government's strategy is to cut fuel oil production.
Asian bunker prices start week without clear direction Adequate avails noted across all key Asian ports.
Ports report decline in oil exports Russian port operator sees crude oil volumes drop.
Bunkers rise on tax hike Australian carbon tax goes up in July.
Singapore bunker, ship chandler sales fall in Q1 Domestic sales fell 14.2% year-on-year.
BV in line with ship industry trends for 2012-2013 Ship efficiency and safety standards for LNG bunkering form part of its focus.
BIMCO updates EEDI calculator Includes requirements for new ro/ro cargo and passenger ships, and change in calculations for general cargo ships.
'Unexpected' problems prompt vessel's auction Higher than expected fuel consumption among issues, says Head of Triple S Shipping.
New York goes on Scandi LNG fact finder Handling LNG-fuelled ferry operations safety prime reason for trip.
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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