Sceptics question Sovcomflot's gas ship deal with Gazprom Russia has patchy record when it comes to growing its LNG industry
Charter firms shun Liberty Congress Shipowners gather in Piraeus but customers stay away from 'trust-building' forum launch
Muddying the waters Anyone in the maritime security industry playing up activity in West Africa may end up sadly disappointed
Marubeni eyes Russian LNG Japanese trader plans long-term import deal with Rosneft
Shipping industry misled by West African piracy surge claims Somali piracy levels plummet but activity in Gulf of Guinea remains constant with higher success rate
Pluck and luck TMT's Chapter 11 move is no surprise - but can its tycoon owner come to the rescue?
Up to three STX Pan Ocean vessels arrested in China UPDATED: New Irene arrested in Xiamen on claims by Cosco
Happier days for capesize owners Rates have improved as restocking trend sticks
TMT files for Chapter 11 protection after vessel arrests UPDATE: Cash-strapped owner struggles to keep afloat after creditors seize seven vessels
Marine Capital heads to China for its four-vessel supramax order Shipmanager says it did not even consider South Korean yards
Carriers poised for major freight rate push But prices on Asia-Europe and transpacific routes all show declines
Mediterranean and Black Sea imports from Asia set to grow this year Strong cargo recovery has helped June rate increases to stick
Singapore haze is a shipping hazard Industry group urges masters to navigate carefully through Malacca Straits
German shipowners create broker partnership Leonhardt & Blumberg and F. Laeisz aim to widen their reach
STX Pan Ocean files for Chapter 15 protection in the US Move seeks recognition of South Korean bankruptcy court decisions
Dimitris Coustas Entrepreneur who founded New York-listed Danaos group dies in Greece aged 86
STX Pan Ocean seeks Chapter 15 US shield AS EXPECTED, Korea's STX Pan Ocean has filed for US bankruptcy protection under Chapter 15.1311220.timg
Japanese yard orders rocket by 210% JAPAN'S shipbuilding orders surged by 210% year on year in May, the Japan Ship Exporters Association said today
Novatek, SCF sign up SOVCOMFLOT said it has signed a "memorandum on co-operation" with Russian LNG producer Novatek and state bank VEB
SSA sees smog threat SMOG blanketing Singapore and Malaysia might be imperiling navigation in the straits of Malacca and Singapore, the Singapore Shipping Association warned today
EC to examine HSH's guarantee extension THE EC said today it has opened an inquiry into the financial guarantee given to shipping bank HSH Nordbank by the German states of Hamburg and Schleswig Holstein, its owners
Worse losses seen for NOL NEPTUNE Orient Lines could rack up bigger losses for 2013 than previously thought, as box rates continue outside profitability, a shipping analyst warned today
Petredec exercises VLGC option at HHI SINGAPORE-based LPG trader Petredec said today it has exercised an option to build a third 84,000m³ VLGC at Hyundai HI
SNCM to cut 415 workers FRENCH Mediterranean ferry company SNCM said it plans to cut 2,000 workers by more than 20% next year, but without laying off employees
Asian Panamax rates drop on weaker demand ASIAN Panamax bulker rates are weakening as Chinese coal demand falls amid rising stockpiles
New box alliance hailed THE P3 Network formed by Maersk Line, Mediterranean Shipping and CMA CGM will be positive for the container sector because it would raise capacity discipline, analysts said today
FedEx Retires Its Last Boeing 727 Freighter FedEx has retired its last Boeing 727 freighter from service as part of the company's modernization strategy. The 727's domestic mission was scheduled to conclude today, with the last flight of aircraft N481FE landing at the Memphis International Airport. "For more than three decades, our Boeing 727 fleet was instrumental in our...
Protests in Brazil Could Shut Down Roads, Highways Protests in the areas of Brasília, São Paulo and Rio de Janeiro in Brazil may lead to disruptions in transportation, according to FreightWatch International. The protests, which began as early as June 15 in response to proposed public transportation rate increases, are becoming "increasingly violent," and government authorities have shut down...
EU Waives Pharmaceutical Export Certificates for US Companies The U.S. is now a "listed" country with the European Commission, meaning U.S. companies do not need to obtain an export certificate from the U.S. Food and Drug Administration before shipping certain pharmaceutical products to Europe, according to the FDA. Without the waiver, all U.S. shipping companies shipping active pharmaceutical ingredients...
AASHTO Report: US Marine Freight Transportation System 'Underfunded' The United States' marine freight transportation system is increasingly underfunded and "facing serious challenges," according to a report by the American Association of State Highway and Transportation Officials. The report identified threats to the future of the nation's coastal ports, inland waterways and the Great Lakes, and offered solutions, including the...
US Banana Imports Jump 12 Percent U.S. Containerized Imports of Bananas Full-size image U.S. containerized banana imports increased 12 percent to 105,203 20-foot-equivalent units from January to March, the fourth straight quarter of double-digit year-over-year growth, according to preliminary data from PIERS, a JOC sister company. The increase brought banana imports to their second-highest quarterly volume in more than...
Hong Kong's Exports Rose in April Hong Kong's Census and Statistics Department said that the volume of Hong Kong's re-exports of goods increased 8.9 percent year-over-year in April, while domestic exports decreased 7.1 percent. Taken together, the volume of total exports of goods rose 8.6 percent over the level seen in April 2012. Concurrently, the volume of...
TNT Spokesman: Sale of China Domestic Business Won't Affect International Service The sale of TNT's domestic delivery business in China earlier this year as part of its global restructuring program will not disrupt its trucking and air links to the country, the integrator claims. TNT is currently reshaping its business after UPS abandoned a €5.2 billion bid for the company earlier this...
Revolutionary Drayage System Set for Testing LONG BEACH, Calif. - A drayage company and major Southern California marine terminal are ready to embark on a pilot test that, if successful, could revolutionize the U.S. harbor drayage system. The test, to be conducted at the Port of Los Angeles, involves a "dynamic and adaptive" communication system through which...
Haze Threatens Shipping in Strait of Malacca NASA's Aqua satellite captured this image of the haze at 2:30 p.m. local time on June 19. Source: NASA.The Singapore Shipping Association is "gravely concerned" about the effects of worsening hazy conditions on the safety of ship navigation in the Malacca and Singapore straits region. During the past week, smoky haze...
ATA Names HELP Inc.'s PrePass its Latest Featured Product Arlington, Va. - Today, American Trucking Associations announced it has added HELP Inc.'s PrePass weigh station preclearance service to its group of featured products for the trucking industry. "Over the past 20 years, PrePass has been a valuable service to many trucking companies," said ATA President and CEO Bill Graves. "It is innovators...
Paragon Software Systems Announces National Street Level Routing & Scheduling in China DALLAS, TX - June 19, 2013 - Paragon Software Systems, Inc., a leader in vehicle routing and schedulingoptimization solutions, announces launching national street level mapping for routing vehicles in mainland China. The mapping allows users of the Paragon software to create optimized routes and schedules for their transport operations in China using accurate...
Star starts $75m grab Greece's Star Bulk Carriers has hit the gas pedal on a $75m drive in a bid to raise cash for orders.
'We are just hostages' The master of a Today Makes Tomorrow (TMT) combination carrier (OBO) has renewed pleas for help a day after the Taiwanese shipowner filed for bankruptcy.
Seismic harmony Two Oslo-listed seismic survey ship companies are teaming up for Barents Sea exploration.
Scorpio keeps coming Not content with dominating products carrier developments, Emanuele Lauro's Group is now targeting a dry cargo splash.
Diana's Deutsche deal New York-listed Diana Shipping has clinched an $18m loan from Deutsche Bank to finance two recent additions to its fleet.
Blue bags PSV deal An Ulstein-owned Blue Ship Invest newbuilding has won rig support work for four months in the Norwegian North Sea.
Wisdom's reef rap Taiwan's Wisdom Marine has been fined PHP 917,000 ($21,000) for a reef grounding in the Philippines.
Nobu Su takes the rap We take a look at what was said in the market over the past week.
COSL signs for 15 China Oilfield Services Limited (COSL) has booked an order for 15 offshore support vessels.
Hanjin converts Subic debt South Korea's Hanjin Heavy Industries & Construction is swapping debt for a 20% stake in its Philippines shipyard.
Cosco seals double Cosco Corp (Singapore) has signed a deal to convert two semi-completed hulls into floating accommodation units.
NOCC goes long Norwegian Car Carriers has signed its third time charter contract in the space of a week.
Trinto keeps veteran Greek owner Trinto Maritime says it has decided not to sell its oldest ship, opting instead for a new six-month chartering agreement.
SCF inks giant order Russian owner Sovcomflot (SCF) has agreed to order up to 13 more ice-class LNG carriers, backed by charters to Gazprom.
Hapag-Lloyd to move on? German container line Hapag-Lloyd may seek a new merger partner or shrink its business after the tie-up with Hamburg Sud failed.
Germans eye unions One in two German shipowners are planning to form alliances with compatriots - or strengthen existing ties.
SNCM rescue agreed France has agreed a rescue package for ferry group SNCM that involves fleet renewal and the loss of 600 jobs.
SCF signs for Yamal duo Russia's Sovcomflot is teaming with gas producer Novatek and state development bank Vnesheconombank to build two new LNG carriers.
Dimitris Coustas dead Greek shipowner Dimitris Coustas has passed away at the age of 86. He leaves behind a wife and two children.
BBR buys anchor handler PT Bina Buana Raya (BBR) has acquired a anchor handler newbuilding from an unnamed distressed shipbuilder.
'Will' to restructure? Geden Holdings has the financial strength to successfully restructure but needs the management will to iron out a workable plan, a key creditor said.
Petredec makes it three Petredec has returned to Hyundai Heavy Industries to exercise an option for a third VLGC newbuilding.
FedEx phases out last of 727s After 35 years of service, FedEx parked the last of its Boeing 727 narrow-body freighters when the plane landed Friday afternoon at its hub in Memphis. The midsized freighter was first introduced to the FedEx fleet in January 1978.
Drewry says liner industry plagued by overcapacity Rahul Kapoor, senior analyst at Drewry Maritime Equity Research, said "the sheer collapse in Asia-Europe freight rates in the past two months shows how fickle the industry's demand supply balance remains."
VPA's box volume grows 7.2% in May
Smoke gets in your eyes
Shipper groups want P3 Network scrutinized
Flights considered from 4 U.S. cities to Sao Paulo DOT has proposed new or expanded U.S. air carrier rights from four cities - Los Angeles, Atlanta, Detroit, and Charlotte, N.C. - to the Brazilian city, namely for American, Delta, and US Airways.
U.S. closes investigation of Delta's Virgin investment After close scrutiny of the competitive effects of the proposed equity investment and joint venture, the Justice Department concluded the facts and circumstances did not warrant any further investigation.
U.S. finds imports of Chinese thickener dumped
FMC reviews 15 OTI license applications
First vessels to be named in Pittsburgh in 30 years
Bunker prices end week on soft note in the Americas Demand was said to be good in Houston.
PDVSA closed for holiday Company will be closed for bunker inquiries or confirmations.
Russia, China to sign $270 billion 25-year oil supply deal Deliveries could start as early as this year.
Source: Colonial Oil to sell marine fuel business to Chemoil Officials from both companies decline to comment, but source tells media that a deal is expected to be completed 'very soon'.
Former IBIA Chairman re-establishes bunker broking firm Lintott will broker the supply of fuel to ships calling at ports in the Americas and Caribbean.
Bomin and Matrix relocate to new office in Houston Company also confirms Bominflot Bunker Oil Corp. will change name to Bomin Bunker Oil Corp.
Chinese sales of bunkers are up Figures suggest May volumes are up 19% year-on-year.
Week ends on soft note in Fujairah Middle East port experiences tight avails.
Falling crude prices pull bunker prices down across Europe Double digit falls seen in Piraeus.
Castrol Marine reopens debate on 'single-oil' solution Lubricant manufacturer cites engine maker's advice as 'supportive of its position'.
Rosneft to extend bunker operations to Croatia Russian oil giant has signed 'joint statement of interest' with Croatian government.
Nervous bunker supplier turns off tap for STX Singapore supplier arrests ship rather than risk being out of pocket.
Partner in boxship alliance talks of 'substantial' fuel savings 'It is not a done deal yet but I think the initiative is a good one,' says MSC vice president.
Asian bunker prices drift lower Smooth supplies seen across all key ports.
MPA issues haze alert Bunker operations could be slowed.
MOL confirms 'no large fuel leak' The two halves of the stricken ship are awaiting salvors.
Monitoring hull performance can save fuel MACSEA actively involved in development of international standards for hull and propeller performance analysis.
LNG fuel systems installed on TOTE box vessels Development is 'world's first' for container ships, says DSME.
Sinopacific seals deal for 'eco' ultramax bulkers Vessels offer increased capacity and 'significant fuel efficiency and time-saving cargo operations'.
Bunkering operations ready to begin at Hambantota Tank farm at Hambantota to 'bring additional revenue' to port, says SLPA spokesman.
Exporter switches chartered ship for 'fuel efficient' newbuilding New ships could save $2,500 per day in bunkers, according to Belships' MD.
Abatement market could hit $1.09 billion in short term Study points to total revenues of more than $7 billion by 2017.
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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