KDB injects $178M into STX Pan Ocean KOREA Development Bank today unveiled 200Bn won ($178M) in funding for STX Pan Ocean
Port highlights safety SERVICES devoted to seafarer well-being while they are at port is an integral part of keeping crew members safe, a Florida port official told Fairplay today
Kenya signs for Chinese cash injection A CASH injection, agreed this week in China, will pay for a rail line linking Mombasa's port to Rwanda and Uganda, Fairplay was told today
Safe Bulkers on track POLYS Hajioannou-led Safe Bulkers has reported a solid quarter and remains well positioned for growth, according to analysts
DFDS's profits climb DFDS, the Copenhagen-listed ferry and logistics group, said today profits climbed steeply in 1Q13, while it cut in half its losses of 1H12
LPG prospects brighten as sourcing improves THE LPG trade's outlook is brightening, with the long-delayed new supply schemes in the Middle East finally delivering to the market, an Italian shipbroker said
Frontline 2012 joining Avance Gas FRONTLINE 2012 has signed a deal calling for it to become a shareholder in Avance Gas Holding Ltd, along with Stolt-Nielsen Gas Ltd and Sungas Holdings, SNGL said today
Tangshan's profits rise 32% SHANGHAI-listed Tangshan port's net profits were 456.7M yuan ($74.6M) in 1H13, an increase of 32.33% year on year
Tianjin Marine stake frozen A COURT has frozen the 29.93% stake held by Grand China Logistics in Tianjin Marine Shipping, the Shanghai-listed company said today
China's cabotage bulker capacity falls CHINA's new drybulker cabotage capacity fell 27% quarter on quarter to 890,000dwt in 2Q13, the transport ministry said today
Sinotrans cuts losses HONG KONG-listed Sinotrans's marine shipping business narrowed its gross losses by 74% year on year to 35M yuan ($6M) in 1H13
ASAC's profits drop 30.6% SHANGHAI-listed Asian Star Anchor Chain said today its 1H13 profits dropped 30.56% year on year to 30.1M yuan ($4.9M)
SHI likely to exceed target SAMSUNG HI is likely to exceed its order win target of $13Bn this year, a sector analyst said today
Yangzijiang seen meeting order target YANGZIJIANG Shipbuilding is on track to meet its target of $2.5Bn order win this year, even as other privately owned Chinese yards struggle, analysts said today
Calm Restored at Oakland; Lytle Reaches Out to Truckers The Port of Oakland was operating smoothly Thursday, with no sign of protesting truckers, and no delays at marine terminal gates. Chris Lytle, Oakland's executive director, intends to do everything possible to maintain fluid operations after weeks of sporadic work stoppages by longshoremen and protests by harbor truckers over slow turn...
CEVA Logistics Begins Operations at Singapore Facility CEVA Logistics has started operations at its new logistics center in Singapore. The center is housed in the 42,000 square meter, multi-user facility warehouse located at Tampines LogisPark, which is in the eastern part of the island and has access to expressways, major seaports and an airport. It will serve...
North American Intermodal Traffic Continues to Hit New Highs North American rail volumes through August 17, 2013 Full-size image North American intermodal volume for the week ending Aug. 17 increased 3.6 percent year-over-year, according to the Association of American Railroads. This was the seventh straight yearly increase, and volume reached its highest level in 46 weeks. Combined North American carload volume for the three...
3PLs Turn to LTL Carriers for Truck Capacity Third-party logistics companies and freight brokers often have a less-than-cozy relationship with less-than-truckload carriers, especially when trucking companies believe their business is being commoditized by low-cost "rate bundlers" who slip between them and their shipper customers. But a recent industry survey shows 3PLs and brokers are increasing the amount of business...
Canadian Freight Volume Sidesteps Standard Summer Slowdown TransCore Link Logistics' Canadian Freight Index was basically flat in July compared with the previous month and July 2012, dodging the summer slowdown typical for the month. Notably, July had two additional shipping days versus June. Load volumes in July were also at the mid-point of the last seven months. Cross-border loads...
DFDS Boosts Profit on Higher North Sea Freight Volumes DFDS's operating profit grew 5 percent in the second quarter from a year ago, as a rebound in traffic on key North Sea routes offset a slowdown in Russian shipments and increased competition on the English Channel. Northern Europe's largest short sea shipping and logistics group posted an operating profit of...
Troy Container Line Announces New Location of NJ Warehouse RED BANK, NJ (Aug. 21, 2013) -Troy Container Line, one of the largest American-owned NVOCCs, is pleased to announce the continuation of its partnership with St. George Warehousing & Trucking of New Jersey (STG) as the warehousing provider transitions to its new location at 5 Logistics Drive in South Kearny,...
June Container Volume Falls at China's Port of Shanghai Shanghai, China's biggest port in 2012 in terms of volume, saw container throughput slip year-over-year in June. It was the only one of China's 2012 top 10 ports to see a year-over-year decline for the month. The remaining nine of the top 10 ports in the country reported growth, with...
Houston's Year-to-Date Container Tonnage Up 8 Percent The Port of Houston handled 3 million tons of total cargo in July, up 4 percent year-over-year, and moved 21 million tons year-to-date, a year-over-year increase of 3 percent. The gains were driven by an 8 percent increase in container tonnage from January to July, a 21 percent increase in bulk...
FREE Webcast: Doing Business in a Changing China Timed to be held in the run-up to the JOC TPM Asia Conference in Shenzhen, this Webcast will focus on the challenges and opportunities for importers and exporters, and transportation and logistics companies in China, where a combination of slowing growth, a more inward-looking economic strategy, rising costs and new...
HHLA Hiring After Expanding Its Container Market Share Hamburger Hafen und Logistik, Hamburg's biggest stevedore, is hiring 100 new employees as it boosts its share of the northwest European container market. HHLA increased traffic at its terminals in Hamburg and Odessa, Ukraine, by 6.8 percent year-over-year in the first half of the year to 3.8 million 20-foot-equivalent units. The increase...
OSCAR: 143 Export FEUs Available in Minneapolis Ocean Shipping Container Availability Report, Aug. 21 Full-size image There were 143 40-foot containers available to handle U.S. exports in Minneapolis in the week of Aug. 21, the third straight week with FEU availability following 11 weeks of deficits, according to the U.S. Department of Agriculture's weekly Ocean Shipping Container Availability Report. The...
Q&A: Is Washout an Act of God? Q: We're a motor carrier. We haven't yet received a claim, but we're expecting a really big one on a load of electronics we moved (or tried to move) during the recent heavy rains in the Philadelphia. Our driver was headed eastbound into New Jersey when he ran into a huge...
SFO Wins Environmental Achievement Award SAN FRANCISCO - August 21, 2013 - The San Francisco International Airport (SFO) has been honored with an Environmental Achievement Award by the Airports Council International-North America (ACI-NA). In the category of Environmental Management, SFO was recognized for its Climate Action Plan, which outlines a variety of efforts intended to...
Kalmar RTG production to be relocated from Shanghai multi-assembly unit to joint venture Rainbow-Cargotec Industries (RCI) Kalmar, part of Cargotec, will relocate the production of rubber-tyred gantry cranes (RTGs) from Cargotec Industries (China) Co., Ltd., (CICL) Shanghai multi-assembly unit (MAU) to Rainbow-Cargotec Industries (RCI). This measure is a continuation of the process started in July 2011, when Cargotec announced plans to establish a joint venture with its...
Navios Logistics expands Navios South American Logistics has purchased three tugs and placed an order for 36 barges after securing a seven-year contract to provide three iron ore convoys to a client south of the equator.
DSF defies the downturn Danish Ship Finance (DSF) watched its bottom line plummet in the first half but feels its performance was acceptable in light of the market downturn.
Hope fades for Avondale A handful of industry insiders are not convinced that US shipbuilding conglomerate Huntington Ingalls Industries (HII) is seriously considering the restoration of Avondale shipyard's commercial shipbuilding capabilities.
Navios Holdings dives to red Navios Maritime Holdings reported a slump in second quarter net earnings as dry cargo freight rates dived.
Tech Project scraps cape Tech Project of the Ukraine has reportedly sold the 259,000-dwt ore carrier Maxi Brazil (built 1985) for demolition.
Huelin-Renouf folds Huelin-Renouf Shipping has ceased trading and will be wound up.
Siem Offshore shaves loss Siem Offshore trimmed its second quarter deficit on slightly higher revenue as rates improved.
Rem profit climbs Rem Offshore has turned in a stronger second quarter profit as its vessels commanded higher rates.
Subsea 7 contracts Mermaid Mermaid Marine Australia (MMA) has teamed with Subsea 7 to provide support services to the giant Gorgon LNG project in Australia.
Aid for STX Pan Ocean STX Pan Ocean has secured a fresh cash injection from Korea Development Bank.
Avance deal a winner John Fredriksen's move to join forces with Avance Gas and forge the world's second largest VLGC owner has created a winning situation for everybody involved, analysts believe.
DFDS better in the second Danish ro-ro group DFDS booked a big up-swing in second quarter earnings on higher revenue due to an upturn in the North Sea.
Dof still losing Norwegian offshore vessel owner Dof stayed deep in the red during the second quarter as financial items again cost the company dearly.
Delderfield dies at 88 Insurance broking legend, Antony Delderfield, who had a 70 year career placing cover for Greek and Far Eastern shipowners has died at the age of 88.
Cuts helping Hurtigruten Hurtigruten has turned in a slightly improved second quarter profit and raised hopes of further progress as cost cuts kick in.
Hoegh hits target Hoegh LNG has secured its second pre-FEED engineering contract in as many months, it announced this morning.
FRNT in at Avance Gas Frontline 2012 is set to take a stake in VLGC sector consolidator Avance Gas Holding Ltd (AGHL) it emerged Thursday.
Smart salvage underway Salvors have moved swiftly to prevent a pollution disaster following the grounding of a capesize bulker off South Africa.
Safe buys MOL bulker Safe Bulkers has continued its shopping spree with the recent addition of a Japanese-owned post-panamax bulker.
Bunkers set for change The North American bunker market faces significant regional changes and challenges in coming years, a top supplier has warned.
RCL cans cruises Royal Caribbean has been forced to cancel five weeks of cruises in Alaska for one of its ships after it suffered engine trouble.
Eagle rides rally Shares of Eagle Bulk Shipping continued to gain traction Wednesday in the wake of a disclosure that shed light on the sale of shares held by chief executive Sophocles Zoullas.
Broken link stopped ship A failed fuel pump reversing link has been found to be responsible for the loss of power on a bulker off Australia last year.
Steady as she goes Malaysia's Sealink International has reported second quarter results that were moderately weaker than a year ago.
Safe still on target Safe Bulkers of Greece reported a second-quarter profit Wednesday despite a 12% decline in net revenue that didn't come as a shock given ongoing turbulence in the dry-bulk market.
Farstad returns to Vard Vard Holdings has secured a contract to design and construct a third subsea construction vessel for Farstad Shipping.
Zim adds service between Miami, Central America The Israeli carrier said this week it has launched a new service between Miami, Santo Tomas de Castilla in Guatemala and Puerto Cortes in Honduras, joining other carriers, including Evergreen and Hapag-Lloyd.
Truck spot rates drop As spot market capacity ticked up 0.3 percent last week compared to the week prior, average prices for van and flatbed services dropped 0.5 percent and 1.4 percent, respectively, according to analyst DAT.
Swire to offer service to South America
New roadway improves DFW airport traffic flow
MOL (America) largely meets KPI targets in July
Analyst: Crude by rail still attractive in long term Additional oil pipeline capacity in the Bakken and Gulf regions, however, are making crude transport on railways less of an attractive option in the short term, said an analysis by Jason Seidl of Cowen and Co.
FMCSA goes digital A new rule was published to combine 16 paper forms used to register and update information from supply chain stakeholders into a single form on the Web. The agency says it will save $9 million over 10 years.
Geodis Wilson arranges move of new Panama Canal gates
Prices mainly firm in Fujairah Prices softening in Suez.
Little price movement in Rotterdam Hamburg saw good demand for low sulphur product.
Chief engineer jailed in bunker conspiracy Engineer was one of four facing charges in Singapore.
Bunker fuel expected to solidify in Kiani Satu wreck Vessel went down in waters some 1,000 metres deep.
Scandinavian Bunkering promotes trader Kristian Kihle has also been relocated to the firm's Singapore office.
Offshore firm takes delivery of MDO-fuelled newbuild Heerema Marine Contractors opted for distillate fuel due to its availability and low sulphur content.
Spanish minister calls for dialogue over Gibraltar But foreign minister repeats claims that bunker sector is a threat to the environment.
Asian bunker prices firming Demand in Singapore ranged from poor to average.
Fuel oil storage under pressure in Singapore Arbitrage remains high despite week demand.
Lower emission levels recorded at Long Beach port Newer vessels with cleaner engines making an impact.
LNG bunkering sites identified along Yangtze river First LNG bunkering station will be operational by the end of 2013, says Fortune Oil.
MAN Diesel to supply cruise ship with engines Engines will operate alongside firm's common-rail injection system.
Vessel to get 'total integration' of ABB electrical systems Order represents 'first embodiment' of complete ABB integrated systems for a ship, says spokesman.
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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