BG to supply LNG to Gujarat BG HAS formalised a long-term contract to supply up to 2.5M tonnes per year of LNG to India's Gujarat State Petroleum Corp, IHS World Markets Energy reported today
UK budget shifts seen as 'good news' for shipping BRITAIN'S budget delivered "good news for shipping on the capital gains front", accounting firm Moore Stephens said today
MyFerryLink costs Eurotunnel €13M CHANNEL tunnel operator Eurotunnel said today it tripled net profits to €34M ($43.88M) last year, but lost €13M on MyFerryLink operations
€24,000 SECA bill warned THE COST of taking an 800teu box ship from Rotterdam to Kristiansand and Oslo in southern Norway will increase by about €24,000 ($31,000) in 2015, a shipping lobbyist has calculated
Port agents rap Berlin policy GERMAN liner and port agents have lashed out at Berlin's transport department's delays in key maritime infrastructure projects
China's soybean imports to raise Panamaxes PANAMAX rates could be pushed up by a rise in China's soybean imports, the International Dry Bulk Summit 2013 has heard
China's iron ore stockpile hits 4-year low CHINESE iron ore stocks have sunk to a four-year low, with 65.2M tonnes of the steel ingredient stockpiled in Chinese ports
Mariner killed off Queensland A CREW member has been killed by an explosion on the Liberian-registered bulker Nireas while it was anchored off Gladstone, Queensland
Refineries schedule lifts VLCC rates VLCC rates are at their highest in a month, as charterers book ships to meet the end of refinery turnarounds in April
ECA bends bunker buying DIVERSIFYING a bunker purchase strategy to counter potential problems in supplying low-sulphur fuel will help owners manage risk, a fuel buyer has recommended
Schenker closing FF gap THE WORLD'S third-largest freight forwarder DB Schenker Logistics today issued FY12 results showing it is catching up with market leaders
DNB reassures on drybulk BULKER newbuilding orders have picked up in recent weeks, despite global oversupply of such ships, but DNB Bank said today there is no cause for concern just yet
Capital subscribes to RMT's rights units RICKMERS Maritime Trust said today its substantial unit holder Capital Group would subscribe to its rights issue of up to 424M new units
Zim's losses deepen ISRAEL'S Zim Integrated Shipping Services today reported losses of $239M for 4Q12
Mermaid eyes rights issue MERMAID Maritime today proposed a non-renounceable, non-underwritten rights issue of new ordinary shares worth $140.9M
DP World Cochin Terminal Offers Deeper Draft India's Port of Cochin said it has increased the maximum draft of vessels calling at the Vallarpadam International Container Transshipment Terminal to 14 meters (about 46 feet) following harbor and channel dredging. The Vallarpadam terminal is a public-private partnership between DP World and Cochin Port Trust. "Turnaround of vessels of more than...
APL to Hike Rates From India to US, Canada Singapore-based ocean carrier APL plans to increase rates on all containers moving from India to Canada and the U.S., excluding Puerto Rico and the Virgin Islands, starting April 1. The planned hike on dry cargo will be $320 per 20-foot container and $400 per 40-foot container. Rates on refrigerated shipments will...
Transplace Mexico Achieves C-TPAT Certification DALLAS - Transplace, a leading provider of transportation management services and logistics technology, today announced that Transplace Mexico has received Custom-Trade Partnership Against Terrorism (C-TPAT) certification for supply chain security. C-TPAT is a voluntary program established by the U.S. Customs and Border Protection (CBP) to build cooperative relationships that strengthen...
Yokohama Container Trade Drops 2.6 Percent The port of Yokohama saw its container trade with foreign countries decline 2.6 percent in 2012 from a year earlier to 2,731,231 twenty-foot-equivalent units, according to preliminary figures released by the Yokohama municipal government. In 2012, Yokohama, Japan's second-largest container port after Tokyo, exported 1,465,718 TEUs of containers, down 2.1 percent...
Waterways Council Presents 12th Annual Leadership Service Award to Sen. Dick Durbin U.S. Senator Dick Durbin (D-IL) (center) was presented Waterways Council, Inc.'s (WCI) 12th Annual Leadership Service Award for his strong and continued leadership on ports and inland waterways issues, most recently serving as a critical champion to help keep the Mississippi River open to shipping during the drought-inflicted low-water crisis...
Lessons Learned From Hurricane Sandy ANNAPOLIS, Md. - In October of 2012, the American Logistics Aid Network (ALAN) responded to the greatest domestic emergency since Hurricane Katrina: Superstorm Sandy. Bringing massive destruction to the Northeast, the storm impacted more than 100 million people and is expected to be among the 10 most expensive hurricanes in...
170 Member Milestone Marks PCN's Growing Success Project Cargo Network (PCN) has announced that more than 170 heavy lift and project cargo specialists have now joined the global network. The milestone marks another step in PCN's evolution from a modest grouping of SME companies in August 2010 to one of the leading organisations in today's project cargo industry...
Erie's Logistics Plus Brings Sunshine to Southern California ERIE, Penn. - Erie may not be known for delivering sun this time of year, but Erie's own Logistics Plus is delivering solar power in a big way. The Mount Signal Solar Farm is the largest solar installation in the world, and Logistics Plus is providing the transportation for the...
CyberLogitec OPUS Stowage, Won Overseas Contracts SEOUL, South Korea - CyberLogitec, a maritime logistics IT company, announced that CyberLogitec (www.cyberlogitec.com) signed a contract with Sinotrans Container Lines of China and Interasia of Japan. In spite of downturn in the shipping industry, OPUS Stowage, stowage planning solution of CyberLogitec continues to win contracts with shipping companies from...
Three Appointed to Maritime New Zealand Authority Board Maxine Moana-TuwhangaiBelinda VernonRussell WatsonThree new board members have been appointed to the Maritime New Zealand Authority, including Maxine Moana-Tuwhangai, Belinda Vernon and Russell Watson. The new members are replacing Michael Ludbrook and Dave Morgan, whose terms ended in February, and Ken Gilligan, whose term ends on April 31. Moana-Tuwhangai has experience in...
OOCL Unveils 13,208-TEU Vessel (L-R) C. C. Tung, chairman of Orient Overseas (International) Limited; Mrs. Sachiko Sano, sponsor of OOCL Berlin and director of Yamasa; Makiko Sano, guest of honor and executive director of Yamasa; and Captain Lee Kin Hung of the OOCL Berlin.At a naming ceremony at the Samsung Heavy Industries shipyard on...
Shipowners: Overcapacity to Be Absorbed by Late 2014 NEW YORK - Despite a "bad" 2012, ocean container lines managed to get freight rates up enough to generate positive cash flows that are bringing them close to break-even. But even when they do start earning a profit again, they are unlikely to order many new ships. That was the...
CenterPoint Building Ace Hardware Facility in Texas CenterPoint Properties has started construction on a new Ace Hardware build-to-suit for lease, located in Wilmer, Texas. The 450,000-square-foot facility will be situated on 31.3 acres within the 59.9-acre Sunridge Business Park. It is scheduled to be completed in February 2014 and is the second development that the industrial real estate...
Performance Team Names Townsend as CIO Performance Team has hired Jim Townsend as its chief information officer. He will be responsible for building on the third-party logistics provider's current organizational strength while leading the information technology strategy for the company. Townsend is a veteran in IT and information systems strategy, change management, process improvement, project management, technological innovation...
Japanese Exports to US Rose 5.7 Percent in February Japan's exports to the United States rose for the second straight month in February on a year-on-year basis, increasing 5.7 percent to $10.60 billion, according to preliminary figures released by the Finance Ministry on Thursday. The February growth in U.S.-bound shipments was led by organic compounds, auto parts and motors, which...
US Intermodal Volumes Rise for 10 Straight Weeks U.S. intermodal rail volumes have risen for the 10th straight week over the same period in 2012, and Mexico saw its first year-over-year drop in intermodal volume since the week of January 5, according to the Association of American Railroads. In the week ending March 16, combined North American carload volume,...
Jaxport, Hanjin Shipping Call Off Terminal Development Following the announcement that the CKYH Alliance will call weekly at the Port of Jacksonville, Fla., beginning in mid-April, Jacksonville Port Authority and Hanjin Shipping (a member of the Alliance) have decided to suspend their terminal development contract to focus on growing volume on the new service. "After a diligent, coordinated...
WCI: Steep Drop in Trans-Atlantic Eastbound Rates Trans-Atlantic eastbound rates dropped sharply for a third week while westbound rates remained the same again in the week of March 21, according to the latest release of the World Container Index. World Container Index Rates Between New York and RotterdamSource: World Container Index For a larger version of the chart, click...
Monroe Logistics Center in Ohio Gets Ball as Tenant Building B at the Monroe Logistics Center.Ball Metal Beverage Container has signed an industrial lease for a 163,000-square-foot space in the Monroe Logistics Center in Ohio with landlord Industrial Developments International. The landlord was represented by Si Pitstick and Josh Young of Cincinnati Commercial, a Cushman & Wakefield Alliance firm, and...
Index Reflects Worsening Conditions for Shippers FTR Associates' Shippers Conditions Index for January fell an additional two points from December 2012 to a reading of negative 7.1, reflecting deteriorating conditions for shippers in early 2013. The SCI is forecast to continue a downward trend as the year progresses, reaching negative double-digit levels by the end of the...
Container weighing proposals suffer Dutch setback THE Dutch Government has reversed its support for the mandatory weighing of containers in another setback for proposals set for discussion at the International ...
Shipping must learn to live with overcapacity THE shipping industry may have to learn to live with oversupply, according to the head of one of the biggest maritime banks. Asked whether the industry would recover ...
Dachser eyes five billion turnover Despite revenue growth slowing to 3.7%, Dachser has set initial a new target for 2013 following the acquisitions of Spanish logistics providers Azkar and Transunion ...
New round of Asia to Europe rate increases Carriers are preparing for a second round of rate increases on the westbound Asia-Europe trade following the 'surprising' jump in prices they achieved last week.Today, ...
GL eco study finds 4,500 teu boxships deliver biggest savings CONTAINER lines and owners may be ordering more larger than smaller vessels, but Germanischer Lloyd's research into the fuel and cost savings of fully optimised ...
Zim racks-up $433m loss after ship cancellations Israeli ocean carrier Zim posted an accounting loss of $433m for 2012 after taking a $133m hit on the cancellation of five 12,600 teu ships ordered from Samsung ...
ECAs adding to box woes? Euroseas boss Aristides Pittas has claimed that export credit agencies' preference for newbuildings is exacerbating supply problems in the containership sector.
Zim's new opportunity Culling a series of boxships at Samsung Heavy Industries has opened the door for Zim to order cheaper and more efficient newbuildings, its CEO says.
German owners in clear German politicians have killed off a potentially disastrous plan to impose a back-dated tax on shipping pools.
SCF foiled in appeal A UK court has turned down a bid by Sovcomflot to have bribery claims against ex-chief Dmitry Skarga and shipowner Yuri Nikitin recast under English law.
Headache cured Uncertainty surrounding the direction of both the containership and dry-cargo markets over the next two years led Goldenport Holdings to thrash out a loan holiday with its lender, its CEO says.
Evergreen chief fined Evergreen president Wang Chung-jinn has been penalised after one of the owner's ships entered China without a permit.
Farstad ties up ten Farstad Shipping has wrapped up a batch of charter contracts worth $38.5m.
Swedish Club in profit A surplus of $9.1m was rung up by the Swedish Club through 2012 following a loss of almost equal magnitude the previous year.
Norden powers up Norden has revealed a new multi-year contract with Enviva to transport biomass across the Atlantic.
Car speeds off ferry A passenger has died after their speeding car broke through a gate on a Canadian ferry and ended up in the sea.
ST doubles barge tally ST Engineering has been given the green light to build a second articulated tug barge by a US customer.
Cops gatecrash CMA The Connecticut Maritime Association's (CMA's) Shipping 2013 conference at the Stamford Hilton took an unusual turn early Thursday morning after police responded to reports of a disturbance in the hotel's cocktail lounge.
Vafias fights detention Harry Vafias has revealed plans to fight a detention notice against one of its vessels in the UK.
JES lines up quartet Singapore-listed JES International Holdings has won a deal for new accommodation ships worth up to $588m.
Jasa books AHTS trio Malaysian offshore shipowner Jasa Merin is splashing out on three new anchor handling tug supply vessels at a compatriot shipyard.
Capital backs Rickmers US investor Capital Group has pledged to buy into Rickmers Maritime Trust's (RMT) equity sale to maintain its holding.
No-steaming Has Norden hit upon a cunning new way of saving fuel and money in these straitened times?
Fisherman's firsts Icelandic businessman Steingrimur Erlingsson has turned to Havyard to order what is the island's first platform supply vessel.
Strategic wins newbuild Australian yard Strategic Marine is to build a patrol vessel for operation by Gardline Australia.
China no threat Korean and Singaporean rigbuilders should not be overly concerned by the threat posed by Chinese yards despite recent breakthroughs, an analyst has said.
No new order boom DNB Markets has moved to calm growing fears among investors surrounding a surge in dry-cargo newbuilding activity at the start of 2013.
Zim sub-zero Zim remained rooted in the red in 2012 as a poor market and the cancellation of five giant newbuildings stained its balance sheet.
Two more for Ultrabulk Denmark's Ultrabulk Shipping has added to its Japanese orderbook with orders for two new supramax bulkers.
Dung backs yards Vietnamese prime minister Nguyen Tan Dung has vowed to support the country's shipyards "at any cost."
Detained ship for sale A Maldivian ship detained in India since last July is to be sold off.
Goldenport buys boxship Goldenport Holdings has confirmed that it is the buyer of a fifteen-year-old feeder containership for $6m.
Kazakhs want ships Kazakhstan is planning to buy bulkers and ferries to expand its fleet.
CNCo orders at Ouhua China Navigation Company (CNCo) has returned to China for a second series of multipurpose vessel newbuildings.
BG in India gas deal BG Group is to provide LNG to India under a twenty-year deal starting in 2015, the gas giant has confirmed.
OOCL Belgium damaged An OOCL containership has sustained damage to its propeller and will dry-dock in Germany to carry out repairs.
Noble buys miner stake Noble Group has acquired a minority stake in an Australian-listed company that has a major stake in an Indonesian coal mine.
NAT buys suezmax Nordic American Tankers has acquired a suezmax tanker newbuild for $55m in a deal that increases its fleet to twenty-one ships.
NEWSFLASH: Hanjin calls off Jaxport terminal, but port gains 6 carriers The Port of Jacksonville said Hanjin Shipping has decided not to go ahead with plans to build a new container terminal at Dames Point on the St. Johns River.
Puerto Rico's representative seeks to relax Jones Act for bulk ships
Zim results improve in 2012 In an interview with American Shipper, Zim CEO Rafi Danieli said the creditors had gained trust in Zim due to its cost-cutting endeavors. He also said they looked favorably upon the decision to cancel the five-ship order.
Savannah Port project moves forward, waits for federal funding "We're in the first federal budget cycle since the project has been approved, and we're eagerly anticipating and waiting the release of the president's budget," Curtis Foltz, GPA's head, said during the Georgia Logistics Summit.
ALAN offers post-Superstorm Sandy analysis
CenterPoint builds Texas DC for ACE Hardware
FedEx to cut Asian capacity Due to lackluster numbers for its fiscal third quarter, magnified by air freight overcapacity and a modal shift away from air cargo, FedEx Express will lower capacity on its Asian routes starting April 1.
White House readies for European trade talks The economic relationship between the United States and European Union is already the world's largest, accounting for one third of total goods and services trade and nearly half of global economic output.
EU lawmakers wary of proposed flight rest rules
U.S., Brazil make progress to strengthen trade
COSCO sets rate hike for cargo moving from Asia to Europe
Prices display mixed picture in Fujairah Public holiday in South African ports keeps market quiet.
Market imbalance in Rotterdam While Hamburg saw 'few, good enquiries'.
Zim cuts losses and cancels newbuilds CEO says orders were placed at a time when ships were some 25% less fuel efficient.
Shipping costs up by 10% in 2015 ECA A Norwegian lobbyist has worked out the extra cost of a Rotterdam/Norway round trip.
Sekimizu: Cost burden of low sulphur fuel should be shared 'If society wants clean air, it should help shipping to source the right type of fuel.'
MBM disscusions 'dormant' Market-based measures discussions 'not going anywhere in the near-term.'
'Switch off' and save money Shipping company takes novel approach to fuel efficiency.
Singapore fuel oil stocks set to climb in April IE reports small week-on-week decline.
Research: 'Eco' panamax delivers best fuel efficiencies But is outclassed on savings by the biggest ships.
Asian bunker prices lack direction Supplies were either 'extremely tight' or sold out in Tokyo Bay.
Seven Vinashinlines ships go on sale Vessels currently either being held over bunker debts or docked dormant in overseas ports.
Tanker owners incurred $5.5 billion in losses since 2009 INTERTANKO managing director said many of its members are 'in really dire straits'.
Details of pioneering dry scrubber system revealed Similar to technology used in shore-based power stations, says spokesman.
Cyprus banking crisis threatens bunker and shipping firms Players with deposits in Cyprus 'might have to scramble' for new ways of financing their working capital, warns Ocean Intelligence MD.
Polish yard lauches LNG-powered ferry The ro-pax ferry will be able to carry 550 passengers and 165 cars.
Hong Kong firm to restart bunker fuel sales Bunker contract sealed with China Shipbuilding Industrial Complete Equipment and Logistics.
MC Energy sets milestone in Japanese bunker industry Mitsubishi Corporation subsidiary becomes first bonded bunker supplier in country to own bunker tanker.
Bunker demand in South Korea expected to rise in April Increased supply could push prices down, say local traders.
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