EU draft breaking regulation passes Parliament A VOTE of the European Parliament today cleared the way for final adoption of new EU ship recycling legislation
Japanese yards buy stake in Brazil's ECOVIX FIVE YARDS in Japan have acquired a joint stake in Brazilian shipbuilder Engevix Construcoes Oceanicas (ECOVIX)
Lauritzen sells 10 tankers to Hafnia DENMARK'S J Lauritzen said today it has sold all 10 of its product tankers to Hafnia Tankers, also based in Copenhagen
Drybulk recovery or feint? JEFFERIES analyst Doug Mavrinac raised his Capesize rate forecast today, but Wells Fargo analyst Michael Webber renewed his warnings that drybulk stocks are "significantly overbought"
FMC figure warns P3 could mean ship cuts REGULATORS are concerned that the P3 box sector alliance could lead to cuts in the US-flag international fleet, a US government official warned today
Martifer picked for ENVC PORTUGAL'S metal construction group Martifer has been chosen to take over the site of the bankrupt Portuguese shipbuilder Estaleiros Navais de Viana do Castelo (ENVC)
GPPL's profits rocket HIGHER cargo handling and a drop in finance costs helped APM Terminals-owned Gujarat Pipavav Port Ltd to post a fourfold increase in 3Q13 net profits
Ships diverted to dodge Rotterdam labour strife AT LEAST 15 ships have been diverted to Antwerp from the APM Terminals operation in Rotterdam because of labour strife
LNG charter rate fall seen continuing LNG SHIPPING rates, already softened by higher tonnage availability, are expected to continue their fall, IHS CERA's Tony Taylor predicted
Changhang Phoenix sees ship auction losses SHENZHEN-listed Changhang Phoenix said today it expects to book 466M yuan ($76M) in losses in its auction of three Supramaxes
Canadian National's 3Q Results 'Outstanding' Canadian National today reported its net income in the third quarter of 2013 C$705 million (about US$685.3 million), rising 6.2 percent from C$664 million in the same period last year. The third-quarter results included a C$19 million expense resulting from a one-time deferred income tax adjustment, according to the Class I...
Transport, Construction Add Jobs in September Transportation and warehousing businesses added 23,000 jobs in September, mostly in transit and passenger transportation, as total nonfarm employment increased by 148,000 jobs, the U.S. Labor Department said on Oct. 22. The national average unemployment rate dropped from 7.3 to 7.2 percent, but the number of unemployed persons, 11.3 million,...
Record September for Port of Virginia Container yard at the Port of Virginia.The Port of Virginia handled more than 185,185 TEUs in September, putting the port's year-to-date volume growth at 6.3 percent. Port of Virginia's year-to-date TEU throughput. Full-size image "We continue to set new records and last month was the best September we've ever had," said Rodney W....
For-Hire Trucking Tonnage Index Jumps The American Trucking Associations' advanced seasonally adjusted For-Hire Trucking Tonnage Index increased 1.4 percent month-over-month in September, which matched August's gain. Compared with September 2012, the index rose 8.4 percent, which is the largest year-over-year gain since December 2011. Year-to-date, versus the same period last year, the tonnage index increased 5.4...
Mergers and Acquisitions Reshape Reefer Trucking The U.S. refrigerated trucking industry, traditionally composed mostly of small carriers, is consolidating as larger carriers merge and buy other companies. Swift Transportation, the nation's largest truckload carrier, in September expanded its refrigerated freight business by acquiring Central Refrigerated Service. Swift, a $3.5 billion company, paid $189 million in cash and assumed $36 million...
Cold Chain Growth Heats Up in China A number of new deals are pushing China's cold chain into a larger footprint. Franco-Chinese firm Cathay Capital Private Equity is buying a stake in Shanghai Zhengming Modern Logistics for 120 million yuan ($19.6 million). Shanghai Zhengming was established in 2011 and has more than 1,000 vehicles providing refrigerated shipping to...
FMC Chairman Calls for Summit With EU, China to Discuss P3 Impact Mario Cordero, chairman of the U.S. Federal Maritime Commission, has called on fellow regulators in the European Union and China to join him in a global regulatory summit on the proposed P3 Network. The summit would take place in Washington, D.C., allowing regulators to discuss their respective roles in considering the...
All Terminals Open at Port of Oakland All terminals at the Port of Oakland are operational today, after protesting truckers shut down much of the port Monday, according to Jean Banker, deputy executive director and acting maritime director. As of 7:30 a.m. local time this morning, about 80 protesters were present at limited locations on the port's Middle...
Demand Waning for Premium Ocean Carrier Services APL loading at Port of Los Angeles.The market for premium service in container shipping is fading, and that means carrier cost-cutting initiatives such as slow-steaming with large, efficient vessels will trump rapid transit times, according to a senior liner executive. "It's not the fastest ship from China that will win out,"...
CyberLogitec signed "New Information System development" contract with Heung-A Shipping CyberLogitec will implement the new information system development project to replace a legacy system of Heung-A Shipping OPUS Solutions offers efficiencies (through the web based system) and improved customer service to drive Heung-A Shipping as a global shipping company Seoul, South Korea - Oct 15, 2013 CyberLogitec Co., Ltd. (CEO, Jang-rim Choi, www.cyberlogitec.com), a...
Crew of Crowley's Tug Siku Rescues Passengers from Stricken Skiff Adrift in the Bering Sea (Anchorage, AK; October 21, 2013) '- The crew of the Crowley Maritime Corp. tug Siku, operating in Western Alaska, recently rescued six men adrift in the Bering Sea. Shortly before the incident, the men's 21-foot, aluminum skiff ran out of gas in Hooper Bay and was being quickly blown out of the bay...
CMA CGM, SAP to Develop Container Shipping IT System CMA CGM has teamed up with German software firm SAP to develop what the French ocean carrier claims is the first information system dedicated to container shipping. "As the first system to be tailored specifically to maritime transport, it will give CMA CGM unmatched efficiency and flexibility in an industry that...
Ryder System's 3Q Profit Down, Revenue Up Ryder System reported its net income in the third quarter of 2013 was $71.1 million, dropping 5.3 percent year-over-year from $75.1 million. However, quarterly revenue for Ryder, No. 33 on JOC's list of the Top 50 Trucking Companies, was $1.63 billion, up 4 percent from $1.57 billion in the same period...
Network Global Logistics Introduces AOG Desk dedicated to Aerospace Customers Broomfield, CO, October 21, 2013 - Network Global Logistics, the market leader for next flight out services, will be at the 2013 National Business Aviation Association (NBAA) Annual Conference in Las Vegas, October 22-24th. NGL will be promoting its new global dedicated Aircraft on Ground (AOG) Desk to the aerospace...
ILA's First Annual Alexander Talmadge-Edward L. Brown, Sr. Civil Rights Dinner A Huge Success as ILA Leader Harold J. Daggett Is Honored at Norfolk Event NORTH BERGEN, NJ(October 21, 2013) - The Alexander Talmadge - Edward L. Brown, Sr. - Civil, Human & Women's Rights Committee of the International Longshoremen's Association, AFL-CIO honored Harold J. Daggett, International President of the union, at its First Annual Dinner held in Norfolk, Virginia on Saturday, October 19, 2013. Gerald...
AASHTO Board Elects Kentucky's Mike Hancock President and Wyoming's John Cox VP WASHINGTON -- The American Association of State Highway and Transportation Officials Board of Directors today voted at its annual meeting to elect Kentucky Transportation Cabinet (KYTC) Secretary Mike Hancock as the association's president. John Cox, director of the Wyoming Department of Transportation (WYDOT), was elected AASHTO vice president. As president, Hancock...
Recognition training security awareness en security duties - STCW 2010 As one of a few training institutes in the Netherlands Rood Boven Groen has been certified by ILT to teach the new IMO recognised training Security Awareness en Designated Security Duties according to STCW'78 including the 2010 Manila amendments. After successful completion of the course the participants will receive the certificate...
CSX partners with Tribus Point for successful launch of CSX's Enterprise Wide Claims Management Solution JACKSONVILLE, Fla., Oct. 22, 2013 /PRNewswire/ -- CSX reaches major milestone on its path to Claims Management IT Transformation that bring key business processes into best practice operations. This transformation is helping CSX achieve measureable and sustainable improvements in their Freight Claims Management Process, Customer Satisfaction, and Traceability. This vision was...
Japan's Imports, Exports Rose in September Japan's exports to the U.S. rose for the ninth straight month in September on a year-over-year basis, surging 18.8 percent to 1.109 trillion yen (about US$11.3 billion), according to preliminary figures released by Japan's Ministry of Finance. The September jump in U.S.-bound shipments was led by autos, organic compounds and auto...
Arrest focussed on fuel Official charges against the 35 crew and armed guards on an AdvanFort counter-piracy vessel centre around a bunkers purchase off India, the company confirms.
FreeSeas flies FreeSeas appears to be making progress in the race to shore up its balance sheet after lining up another new investor.
Vernicos inks tug order A leading Hellenic towage and salvage contractor has inked a letter of intent to construct a pair of terminal tugs at a shipyard in China.
Damen bags repeat order Damen Shipyards of the Netherlands has bagged a repeat shiporder from a compatriot owner.
Dyvi departs Jan Frederik Dyvi has quit the board of Norwegian Car Carriers three years after the company was formed via the merger of Eidsiva and Dyvi Shipping.
Chellsea's PSV pledge Singapore owner Chellsea has made good on its pledge of expanding its offshore fleet with an order for up to six supply ships in China.
VL tide rising Rising activity among Asian charterers has lifted VLCC rates over $20,000 daily for only the second time this year.
NSC signs Drydocks deal Dubai yard Drydocks World has signed a deal to maintain the fleet of Germany's NSC Holding.
Helix triples profit Helix Energy Solutions posted a three-fold rise in third quarter earnings after offloading its pipelaying division.
Drunk master jailed The captain of a tanker that grounded off Sweden last month has been jailed for being over the alcohol limit.
Unfashionable figures While crude tankers may be out of vogue with shipping investors today both VLCCs and suezmaxes have been amongst the most profitable vessel types since the 2008 crash, Clarksons says.
Maersk in rates row Two container lines have come under fire over a new rate increase implemented in Kenya in October.
Rickmers jumps in Q3 Rickmers Maritime Trust (RMT) has posted a big jump in third quarter earnings thanks to lower finance costs.
Tanker duo downed Jefferies has downgraded shares in tanker owners Teekay Corp and DHT Maritime ahead of their third quarter reports.
Paradise snaps up second Russia's Paradise Cruise & Ferry Holding is snapping up a Finnlines ship for its new Black Sea operations.
HMM back for bonds Hyundai Merchant Marine (HMM) has resurrected its long-mooted bond issue to boost finances.
Rongsheng stays red China Rongsheng continues to rack up red ink as it cuts back activity amid a falling orderbook.
Lauritzen $115m up J Lauritzen has swelled its coffers by over $100m after the sale of its products tanker fleet to Hafnia.
LSC takes sales hit Lithuanian Shipping Company (LSC) is booking a loss of $1.5m from offloading another multipurpose (MPP) ship.
Glencore goes Spanish Glencore Xstrata has agreed to take a 20% stake in a major iron ore mine being developed in south-eastern Spain.
Five for Guangxi Xijiang China's Guangxi Xijiang Heavy Industries has unveiled a new order for dual-fuel cargoships.
Ostensjo picks Kleven Norway's Ostensjo Rederi has inked its biggest ever order at the domestic Kleven Maritime yard.
CMRE stacks the shelf Costamare has set the stage for a share offering after filing a shelf registration with the US Securities and Exchange Commission (SEC).
Sinotrans buys four Sinotrans Shipping has acquired four modern panamax bulkers controlled by troubled Chinese shipowner CSC Phoenix.
Dry shares hit by sell off Dry Bulk shipowners saw a major sell-off in share prices on Monday as investors look to book some of their earlier gains.
Sigma faces yard switch Talks are underway about switching the construction of a newbuilding drillship away from struggling STX Offshore & Shipbuilding.
Drewry: High-cube containers have big implications According to Drewry, the portion of containers that are 40-foot high-cubes has risen from 41 percent in 2007 to 49 percent, and this percentage is expected to grow by at least one percent this year.
Alberta residents still evacuated after LNG rail crash During the incident, which happened near the city of Gainford on Saturday, 13 cars derailed, four of which were loaded with crude oil, with the remainder carrying LNG. No crude oil cars were compromised, and no injuries occurred.
CMA CGM to install SAP system tailored for container shipping
Survey finds 3PL execs optimistic about growth The survey, sponsored by Penske Logistics, found that 3PL CEOs in North America, Europe and the Asia-Pacific are generally optimistic about company and industry growth prospects over the next three years.
Long Beach container volumes higher in September
AllianceTexas complex starts building 2 new DCs
American expands Hartford services
FMC reaches settlements with 9 companies
FMC chairman calls for global regulatory summit on P3 Alliance
Washington Notebook: Bill ending shutdown has money for Olmstead lock project
ATA: Trucking industry is in flux While industry change comes in the form of challenges like competitive pressure from railroads, high fuel costs and the worsening driver shortage, ATA President Bill Graves also said governmental change has a huge impact on trucking.
Prices soften in Rotterdam Tight avails were reported in Istanbul.
Prices show little movement in Fujairah Prices lack direction in South African ports.
Chinese owners 'investing significantly' in dual-fuel engines Latest orders for LNG ready engines is adding 'impetus to the market in China and globally.'
Rotterdam barge fees fall on weak demand Oversupply of low sulphur product undercuts market.
New bunker vessel deployed in Gibraltar The 7,110 dwt Stephanie entered service this week.
Gibraltar ensuring 'the highest environmental standards' Minister says the port has a 'key' role in the Mediterranean bunker market.
Bunker prices slide across Asia Approaching typhoon could disrupt deliveries at Tokyo Bay.
Singapore company barred from US Navy contracts Glenn Defense Marine Asia stripped of nine contracts worth $205 million.
China Gas to start LNG bunkering River based service to start next year.
Engine builder working with waste-heat-recovery technology Results could reduce fuel consumption and emissions.
Study will look at ways of designing 'safer fuel efficient ships' Focus will be on vessels with smaller engines that meet the Energy Efficiency Design Index.
New orders for dual fuel box ships Vessels will be able to use LNG or HFO.
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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