|DECEMBER 23, 2013|
- Maersk's new ownership structure diverts public donations into shipping
- NYK launches Far East-South Sea Island multi-purpose service January 12
- French incinerate 30,000 'dangerous' Chinese toys worth US$136,730
- Huawei opens major distribution centre at Cosco's Greek Piraeus port
- Big shareholder Kuehne wants more German control of Hapag-CSAV union
- Textainer box fleet gains economies of scale surpassing 3 million TEU
- TNT expands 'Express Freight' service network outside Europe
- CEVA doubles Leipzig health warehousing to 14,000 square metres
- Agility increases Malaysian shuttle trucking frequency to daily
- Singapore Airlines settles US cargo class action for US$62.8 million
- IATA expects airline profit to rise to US$13 billion as fuel price falls
- FedEx quarterly profit up 14pc to US$500 million as revenues rise 3pc
- UPS in 'peak week' when 100,000 vehicles are on the move for Christmas
|DECEMBER 20, 2013|
- Allcargo Logistics acquires majority stake in FCL Marine Agencies Rotterdam through ECU-LINE
- Shipping confidence hits three-year high
- Spices exports surge 43 pc in H1
- US to continue anti-dumping duty on steel from India
- Court gives go-ahead for Mundra Port-NH 8A road link
- Govt approves continuing financial aid to KoPT to meet dredging expenditure
- P. Mara Pandiyan given additional charge as Chairman of Kandla Port Trust
- Anil K. Gupta honoured at 'India Pride Awards'
- Rail policy attracting more private investment in projects
- Shift being seen from air to sea mode
- Sri City in Chittoor emerging as logistics hub
- Industry bodies hail RBI's decision to keep rates unchanged
- INR ends marginally higher at 62.04
- HANSA HEAVY LIFT successfully navigates the Northern Sea Route
- Heavy cable reels sail from Hartlepool to Abu Dhabi
- Rickmers-Linie carries Linde coldboxes to Saudi Arabia
|DECEMBER 20, 2013|
- Interim report on MOL Comfort loss available
- IRS slashes OSG claim
- Third husbanding firm suspends exec
- IACS adopts new Common Structural Rules
- NNS director wins Women in Business award
|DECEMBER 23, 2013|
- Brusco adds WYNEMA SPIRIT to Grays Harbor tug lineup
- Coast Guard Cutter ALERT back in Astoria after deployment
- Crowley Maritime subsidiary clears first Uruguayan citrus shipment
- Port of Olympia releases 2014 budget/investment plan
- ATA truck tonnage index sees gains during November
|DECEMBER 20, 2013|
- Tax claim settlement changes OSG valuation
Bonds jump in reaction to positive deal for the company
- Workers federation calls for careful consideration of P3
ITF raises concerns over safeguards to protect employment and labour standards
- Have you got the news?
New Lloyd's List digital news product to launch January 6, 2014
- Report published on Emma Maersk flood
Danish maritime accident investigators praise crew response
- Gallagher buys Bergvall Marine
Broker gains a foothold in Norway
- Ever-younger boxships are being laid up
Falling average age of idle tonnage highlights accelerated scrapping of older ships
- China exempts foreign carriers from VAT regime
The country's freight forwarders and shippers will also benefit from new tax code
- NYK to launch Asia-South Pacific multipurpose service
NYK Bulk & Project Carriers will launch 72-day round trip in January
- Le Havre freezes harbour dues for boxships
Top French container port positions itself to handle feeder services
- IACS agrees to strengthen post-panamax boxship rules
But class societies shy away from developing common structural rules
- Sorting the news from the noise
Value-added information separates the wheat from the chaff
- Class societies show strength
IACS presents completed harmonised rules on bulk vessel and tanker construction
- MOL responds to safety committee recommendations
Inspections planned for all large boxships that it operates following loss of MOL Comfort
- Capesize rates are softening, but there is life in the market yet
Tight tonnage in the Atlantic suggests rates could rise one more time before January lull
- Guangzhou Port Group turns logistics player to stay in game
Firm plans 2014 IPO as it battles Shenzhen and Hong Kong for share of shrinking market
- OOCL and Hapag-Lloyd reveal January price increases
Peak-season surcharges of $450 and $500 per teu planned for Asia-Europe services
- Rotterdam to expand hazardous box handling capabilities
Expansion of facilities including a new jetty to be complete by first-quarter 2015
- To manage is a privilege, not a right
Former P&O chairman Lord Sterling takes the long view on how to succeed in shipping
|DECEMBER 20, 2013|
- Navigator newbuild plan targets ethane trade
Navigator Holdings has exercised an option and begun a new, larger series of LPG newbuilds to serve US ethane exports
- Indian captain freed from Togo jail
The captain of oil tanker Ocean Centurion, who has been in jail in Togo for five months, and another Indian seafarer were released yesterday after the Indian government intervened
- UN RoRo takes over Trieste terminal
Turkish ro-ro operator UN Ro Ro has taken a 60% majority stake in Samer group subsidiary Samer Seaports & Terminals in the Italian port of Trieste
- Cosco kept on 'hold'
UOB Kay Hian maintained hold rating for Cosco Corp (Singapore) despite the yard's better-than-expected contract wins totalling to $3Bn
- STX PO cuts investments again
Cash-strapped STX Pan Ocean said today it has again reduced its newbuilding programme investment to $400M
- Five mariners missing off Singapore
Search and rescue operations continue today for five missing crew members of capsized barge Heng Hong 168
- Iraq okays Kuipers eight ship order bid
The Iraqi government has approved a $256M submission from Dutch shipbuilder Kuipers to supply it with eight cargo ships as it continues its efforts to reconstitute its merchant fleet
- Evergreen to buy new containers
Taiwanese carrier Evergreen has announced that its subsidiary Greencompass Marine is going to buy 13,300 boxes
- China nickel imports boosted
China's demand for refined nickel will be boosted by Indonesia's ban on ore export next month
- Sino-Global signs agreement
Nasdaq-listed Sino-Global Shipping America, a Chinese shipping agency and logistic services provider, announced today that it has signed a one-year strategic agreement with Jiangsu Lianyungang Port Logistics Holding
- Korean Air could sell assets to help Hanjin
Korean Air is expected to sell some of its assets to help its troubled affiliated ship owner, Hanjin Shipping, said an analyst today
|DECEMBER 22, 2013|
- China Container Port Growth Concentrated in the North
|DECEMBER 20, 2013|
- Westood fixes Offen ship
Westwood Shipping Lines is said to have chartered a Reederei Claus-Peter Offen containership for a year.
- OBO doubly cuffed
Glory Wealth Shipping has secured a court order seizing a Vista Shipping combination carrier, escalating the renewed legal battle over the 2008 collapse of Ukraine's Industrial Carriers Inc (ICI).
- Navigator targets ethane
Navigator Holdings has ordered what it is touting as the largest-ever ethane-capable gas carrier as the newly-listed owner continues an aggressive expansion.
- Carnival outlook boosted
Credit Suisse upgraded its rating of Carnival Corp's New York-listed shares as an analyst pointed to steps in the right direction at the battered cruiseship giant.
- Nordea keeps the faith
Sweden-based lender Nordea is sticking with shipping as it predicts improvements in markets next year.
- MOL monitors sisters
Japan's Mitsui OSK Lines (MOL) has revealed it is taking action to reduce hull stress on MOL Comfort's sisterships.
- Indian master freed
Indian tanker captain Sunil James has been released from a prison in Togo to return home for his infant son's funeral.
- Precious launches spree
Precious Shipping has doubled its newbuilding tally with an eight ship order in China.
- Marie Celeste reprised
We take a look at what was said in the market over the past week.
- Courage snares panamax
Courage Marine has made a return to the panamax segment with a second hand purchase from a compatriot shipowner.
- Klavesness wins BHP work
Torvald Klaveness has tied up a five-year deal to ship caustic soda to BHP Billiton.
- Ultragas offloads Ace
Ultragas of Chile has reportedly sold the 20,700-cbm LPG carrier Arctic Gas (built 1993) to an undisclosed Asian buyer.
- IACS adopts CRS
The International Association of Classification Societies (IACS) has adopted new safety rules for the building of bulkers and tankers.
- Swissco hooks three
Swissco Holdings has secured charter contracts for three offshore support vessels.
- China's tax U-turn
China has scrapped a 6% value-added tax (VAT) charge on overseas shipowners' cargo liftings.
- Suezmaxes sold
Teekay LNG Partners of Canada has reportedly sold the 160,000-dwt tanker Algeciras Spirit (built 2000).
- HMM kick-starts sales
Korean shipowner Hyundai Merchant Marine (HMM) has raised over $50m from the sale of containers.
- CSIC share issue cleared
China Shipbuilding Industry Co (CSIC) has had a share application cleared by the country's regulator.
- STX PO axes another
Stricken STX Pan Ocean has chopped yet another vessel from its newbuilding programme.
- SCF in the frame
Yamal LNG has slimmed down the number of shipowners it is talking to from seven to five as it swings into order mode on its pioneering newbuildings.
- Bourgas workers win pay
Sacked workers at Bourgas Shipyard in Bulgaria will receive a month's salary as a pay-off after talks with bosses.
- New line for Libya
The port of Aqaba has announced what it claims is the first link from Jordan to Libya.
- Greeks go crazy in China
TradeWinds digests the digits making the headlines this week.
- OSG tax bill chopped
US tanker owner OSG has won a significant battle in its bankruptcy war after a tax claim from US authorities was cut by $200m.
- Chengxi bags ultramaxes
China Merchants Energy Shipping (CMES) is adding four more ultramax bulker newbuildings to its fleet, writes Irene Ang from Singapore.
- Prosafe wins Swiber job
Oslo-listed semi-submersible accommodation vessel provider Prosafe has been awarded a $6.9m contract from Singapore-based offshore player Swiber.
- Binny bulker seized
The only ship left in the fleet of India's Binny Shipping has been arrested in Singapore.
- Fred catches the breeze
Fred. Olsen Windcarrier International Ltd has secured a lucrative 110-daty contract by the Germany's Global Tech I Offshore Wind GmbH.
- GSL unplugs bond press
Global Ship Lease (GSL) caught Wall Street off guard Thursday after announcing plans to cancel a trip to the bond market.
|DECEMBER 20, 2013|
- Constituents to advise Port NY/NJ on performance improvements
- European NVOs partner
- NYK to launch new service
- Long Beach port board names new president
- CMA CGM announces new call in Ghana
- Local organizations to pay for extra CBP border services
Cargo shippers at a handful of ports of entry could see fewer lines to clear U.S. Customs thanks to five localities that have stepped up and offered to pay overtime so the budget-strapped agency can operate longer hours or add manpower.
- U.S. economy grew 4.1% in 3Q
It is the highest quarterly growth for the U.S. economy since the recession five years ago and, along with unemployment falling below 7 percent, signals that the pace of economic recovery is quickening.
- China clarifies VAT tax
China has issued a new document to clarify value-added tax measures that went into effect in Aug. 1, which have caused concern in the shipping and logistics industry both here and in China.
- Recommendations made in wake of MOL Comfort casualty
A report on large container ship safety, growing out of the loss of the container ship MOL Comfort, which broke in half June 17, has been released, setting visual safety inspection and weight verification recommendations.
- Ex-Im Bank OKs loan for equipment export to Australia
- Executive moves
- ICAO, IATA formalize global training alliance
|DECEMBER 20, 2013|
- Weekly global market report
A weekly price round up from bunkering hubs around the world.
- MGO dips in Vancouver
Fuel supply will remain tight in Vancouver until January 2.
- Hong Kong's bunker supply to 'remain tight' until year end
Local suppliers cutting import volumes, say market sources.
- Inland shipping can now refuel with LNG in Amsterdam
Port's LNG quay became operational on Friday.
- New bunker supplier enters West African market
Market requires a 'different approach', says firm.
- Hess teams move 'in tact' to Aegean Bunkering US
Managerial, marketing, sales and trading teams continue in post.
- Prices firm in Fujairah
Below average demand in Middle East hub.
- Week ends on firm note in most European hubs
Low sulphur market tight in Rotterdam.
- Bunker sales down in key Mediterranean port
Algeciras volumes fall after record sales in 2012.
- Intertek says new lab can test for regulatory compliance
Move supports 'growing bunker operations in US Gulf.'
- Hong Kong sees rise in number of 'polluted days'
Emissions from shipping 'carry much of the blame.'
- Prices end week higher across Asia
Tight avails in Hong Kong expected to persist through December.
- Dutch shipping firm to receive 'green' newbuilds
Ships designed to run on a 'relatively low engine capacity', says firm.
- Accidents hurt Carnival's bottom line
Fuel line fire onboard Triumph contributes to weaker annual performance.
- System claims to cut lube consumption by half
Product can optimise units 'according to operating conditions', claims developer.
- Technical LNG player to list
GTT wants to expand into LNG bunkering.
- LNG bunker tankers may get built in Turkey
Turkish yards consider segment as one worth exploiting.