HK strikers snarl traffic STRIKING dockers of Hongkong International Terminals, a subsidiary of Singapore-listed HPH Trust, today disrupted truck-trailer traffic outside a major terminal operated by HIT
Weak yen leads Navios to buy four bulkers NYSE-listed Navios Partners today announced the acquisition of four Japanese bulkers as it continues its shift from sponsor drop-downs to secondhand purchases
China offers finance for floating nuclear units CHINA is offering joint finance for Russian-designed floating nuclear reactors, despite mounting opposition to installing them on Russia's northeastern coast
StealthGas prices upsized share offering HARRY Vafias-led StealthGas today priced its follow-on offering and upped the size of the share sale
MHI sees profits rise on weak yen MITSUBISHI HI now expects its full-year profits to be 97.3Bn yen ($126.5M), up from 70Bn yen it predicted earlier
India's Iranian crude intake drops 26.5% INDIA'S imports of Iranian cruse fell by 26.5% in 2012-13, following US and EU-imposed sanctions over its nuclear programme, IHS World Markets Energy reported today
Yizheng's orders rise by 200% in 1Q y/y YIZHENG'S economy & information agency said the district's yards won 32 new orders in 1Q13, in 2.93Bn yuan ($474M) worth of deals, aggregating 1.03M dwt
Ezra's $121M notes 'oversubscribed' SINGAPORE'S offshore contractor Ezra Holdings said today its S$150M ($121M) fixed-rate notes have been oversubscribed by investors
CSCL to seek new box rate rises in May CHINESE box liner CSCL today said it would seek new rate rises, effective 15 May
AVIC boosting capital CHINA's AVIC Leasing said today it will boost capital by about 1.6Bn yuan ($256.6M) after a planned private placement of Shanghai-listed AVIC Capital, its parent
Why Woodside is shifting focus to offshore WOODSIDE has attacked the cost of doing business in Australia, in explaining its decision to shelve domestic projects even while advancing schemes in Myanmar and Israel
Belgian rates deal ends barge blockade INLAND waterway traffic began moving in Belgium today after its government forged an agreement with barge operators who blocked traffic for the past 10 days
Samudera's losses rise WEAK regional box markets have weighed down Samudera's results for 1Q13
Bulker scrapping drops A DECLINE in average scrap prices is resulting in fewer bulkers being sold for demolition this month
Flat palm oil demand lingers PALM OIL demand is remaining flat today, defying predictions of an uptick in 2Q13
Ports America Names Carver Business Development EVP Ports America has appointed John Carver as executive vice president of business development, effective May 1, according to Michael Hassing, the terminal operator's CEO. Carver, based in New Jersey, will report directly to Hassing and will be responsible for expanding Ports America's business interests both domestically and internationally by working with...
Echo Global Logistics' Profit Slips While Revenue Improves Echo Global Logistics today reported its net income in the first quarter of 2013 was $2.98 million, dropping from $3.31 million in the first quarter of 2012. However, quarterly revenue for the transportation and supply chain management company was $203.98 million, improving from $168.57 million in the same quarter in the previous...
Hong Kong Port Strike Continues Li Ka-shing a Chinese billionaire with investments in container port facilities around the world, including in Hong Kong, has moved to end a four-week strike affecting operations at Hongkong International Terminals in Hong Kong by hiring new workers to handle ships and demanding protesters leave his building in the city's...
Kuehne + Nagel to Open Office in Vladivostok, Russia Kuehne + Nagel is establishing an office in Vladivostok, Russia. The office will be managed by the setup in Yuzhno-Sakhalinsk, Russia, where the logistics company started its activities in 2002 to serve customers in the oil and gas industry. Next to the office in Yuzhno-Sakhalinsk, the company operates two more locations...
Contract Awarded to Raise Bayonne Bridge The Port Authority of New York and New Jersey awarded a $743.3 million contract to raise the Bayonne Bridge and clear an impediment to large ships seeking to call at port terminals. A joint venture of Skanska Koch Inc. and Kiewit Infrastructure won the contract to raise the bridge's deck by...
US-Flag Group Criticizes Food-Aid Changes A group representing U.S.-flag shipping is criticizing the Obama Administration's budget plan to replace U.S. food-aid shipments with cash payments that would be spent overseas. Supporters of the change contend it would reduce costs and allow speedier shipment. James L. Henry, chaiman of USA Maritime, a Washington-based group representing U.S.-flag carriers,...
TSA Revamps Hazmat, TWIC Fee Regulations The U.S. Department of Homeland Security's Transportation Security Administration has removed specific fee amounts from regulations regarding security threat assessments and credentialing for hazardous materials endorsements and Transportation Worker Identification Credentials. These provisions include state collection of the HME fee, TSA collection of the HME fee and collection of the TWIC...
Bowhead Transport, Crowley Team Up in Alaska Bowhead Transport and Crowley Marine Services, Inc., have formed a joint venture, called UIC Bowhead-Crowley, to provide marine services in Arctic Alaska. Bowhead Transport, a subsidiary of Ukpeagvik Iñupiat, the Alaska Native Village of Barrow, Alaska, provides common carriage service to coastal communities in Alaska, and Crowley provides marine transportation, energy support...
North American Rail Traffic Slips North American rail volume saw slight changes year-over-year in the week-ending April 20, according to the Association of American Railroads. North American rail volumes through April 20,2013 Full-size image Combined North American carload volume, including all three North American Free Trade Agreement partners, slid 1.1 percent from the same week in 2012 to 375,309 carloads,...
Mullen Group's Net Income Falls Nearly 25 Percent Mullen Group reported its net income in the first quarter of 2013 was C$44.4 million (about US$43.5 million), down 24.5 percent from $57.6 million in the first quarter of 2012. The drop in profit was mainly attributable to an $11.1 million decrease in operating income and a $9.4 million negative variance in...
LA-Long Beach Pilot Targets Improved Freight Mobility Harbor truckers and marine terminal operators in Los Angeles-Long Beach are joining forces in a pilot project to improve freight mobility in the nation's largest port complex. The Freight Advanced Traveler Information Systems pilot is sponsored by the Federal Highway Administration. In addition to the Southern California effort, FRATIS includes a...
HMT Spending Tied to Overall Corps Budget A top Corps of Engineers official said spending more from the Harbor Maintenance Tax Fund without a corresponding increase in the agency's total budget would require the corps to divert money funding from other projects. Jo-Ellen Darcy, assistant secretary of the Army for civil works, responded to questions from Rep. Timothy...
Dredging: Savannah, Charleston Face Different Challenges As soon as he heard about President Obama's proposed budget for fiscal 2014, Curtis Foltz flew to Washington to meet with Georgia's congressional delegation. As executive director of the Georgia Ports Authority, Foltz needed their help in getting congressional funding for the long-delayed Savannah Harbor Expansion Project that he had...
Taking a Wrong Turn on Geographical Fees Q: For the last couple of years, we've been shipping to a customer located on a particular highway in the Southwest. These shipments have all gone via the same motor carrier, which we use extensively. This carrier has a surcharge identified in its tariff as applicable to an area that's rather...
Evergreen Gets Ready for Trans-Pacific Peak Season Evergreen Line's new CPS2 service.In preparation for the upcoming peak season on the trans-Pacific trade, Evergreen Line will launch a new weekly direct service linking central China with the U.S. West Coast. Additionally, the carrier intends to further strengthen its trans-Pacific service network via slot exchange arrangements with partners. Employing five vessels...
Ro-Ro Market Firmly in Consolidation Mode If you're still in the business of roll-on, roll-off shipping, count yourselves a member of an increasingly exclusive club. Having survived the deepening economic recession in ro-ro's European heartland, you're also now likely to be in a strong market position, your hand strengthened by the weeding out of weaker players. One...
Norfolk Southern Reroutes Shipments to Avoid Midwest Flooding In response to ongoing flooding along the Mississippi, Illinois, Missouri and Wabash rivers and tributaries, as well as bridge and mainline closures at Hannibal, Mo., and Naples, Ill., Norfolk Southern has been and will continue to reroute shipments at these locations, possibly causing delays of up to 24 hours, the...
ACL's New Ships to Be Bigger, Greener Atlantic Container Line's order for five multipurpose ships last August didn't attract much attention beyond the ro-ro industry, but the impact of the vessels on ro-ro shipping will be as great as that of Maersk Line's 18,000-TEU Triple E behemoths on container shipping. And, the ACL ships, due to join...
PRGN posts loss Paragon Shipping turned in a first-quarter loss Thursday but the Greek bulker owner still managed to top Wall Street forecasts.
Iron ore outlook Chinese iron ore imports soared by more than 14% in March but the upward trend is not expected to continue in the months ahead, according to ABN Amro.
LPG pact lifts Exmar
ISC enters eco arena Diversified US operator International Shipholding Corp (ISC) will continue to expand its fleet of bulkers following the recent acquisition of a handysize resale, management told investors Thursday.
RCL turns it around Royal Caribbean Cruises (RCL) has carded an improved set of first quarter numbers as it kept a tight rein on costs while growing sales.
Bank pain to endure Ratings agency Fitch says banks will continue to suffer high levels of impaired loans and losses as the shipping slump goes on longer than it originally foresaw.
Navios scores four Navios Maritime Partners has taken advantage of a falling Japanese yen to add four bulkers to its fleet.
BG bags Blue Power Ulstein-owned Blue Ship Invest has tied up its latest platform supply vessel on a five-year charter.
Stealth goes for $100m Harry Vafias-led Stealthgas has increased the size of its new share offering to fund five new additions to the fleet.
Ulstein makes less Norwegian offshore vessel designer and builder Ulstein Group recorded a drop in earnings last year despite revenue rising.
DIS stock in vogue Pareto Securities believes investors shopping for a bargain in the product tanker market should try out d'Amico International Shipping.
CSSC earnings slashed State shipbuilder China CSSC Holdings has recorded a big fall in first quarter earnings.
Pyne picks his time Kirby CEO Joe Pyne had been hoping to bow out on a high note.
ISC earnings chopped International Shipholding Corporation has had its bottom line chopped in the first quarter despite a big jump in revenue.
Three hurt in blast A series of seven explosions have rocked two Kirby fuel barges in the US, injuring three men.
MHI outlook brightens Japan's Mitsubishi Heavy Industries (MHI) has boosted its annual profit forecast as the yen weakens.
Four crew seized Four crew have been kidnapped from a German boxship by Nigerian gunmen.
Better from Skaugen IM Skaugen has turned in a vastly improved set of first quarter numbers despite what it calls a disappointing showing from its gas transportation arm.
DPW volumes down DP World has seen a dip in container volumes handled by its terminals during the first quarter of the year.
Kawasaki's open invite Kawasaki Heavy Industries has left the door open for a merger with compatriot Mitsui Engineering and Shipbuilding.
DNV men to lead Det Norske Vertitas (DNV) and Germanischer Lloyd (GL) have agreed the top management positions ahead of their pending merger.
Zaliv grows profit Ukraine's Zaliv Shipyard has posted a bigger net profit of UAH 5.92m ($727,000) for 2012.
Gagasan chased Ocean Tankers is engaged in a battle with Malaysia's Gagasan Gas Carriers in the High Court of Singapore over a charter that went bad after the ship in question broke down in the Malacca Straits.
Wisdom wins funds Taiwanese shipowner Wisdom Marine has booked more bulker newbuildings in Japan, the company has confirmed.
JUS secures six MPPs Jiangzhou Union Shipbuilding (JUS) of China has won another deal for multipurpose cargoships, with more likely.
Heung-A inks quartet Korean owner Heung-A Shipping is ordering four 1,000-teu feederships to replace older tonnage.
Samudera in the red Samudera Shipping has made a poor start to 2013 with a first quarter loss of $4.3m, it revealed Thursday.
CMRE beats the Street First quarter earnings at containership lessor Costamare have come in ahead of analyst's expectations.
VARD wins cable ship France Telecom Marine has ordered a cableship newbuilding at Norwegian shipbuilding group VARD.
Boxship demo high Containership scrapping in the first quarter of 2013 was the third highest quarterly figure on record, latest figures show.
Norden's eco advocate The longtime chairman of diversified Danish shipowner Norden has pledged to add more eco-ships to its fleet of bulkers.
Cecilie steps down Golden Ocean Group on Wednesday announced the departure of Cecilie Fredriksen from its board of directors.
Debate over shipping and food aid heats up A leading U.S.-flag shipowners' group said a proposal by the Obama administration to allow more purchasing of food abroad and eliminating requirements that it be carried on U.S. merchant ships would "dismantle an effective tool of American diplomacy."
Evergreen adds new service in transpacific
FAA work reductions continue to slow air traffic DOT officials insist the workforce reductions will not compromise safety because controllers are spacing planes further apart so they can manage traffic with fewer on-duty personnel.
NY/NJ port authority awards contract for Bayonne Bridge The $743.3 million contract was issued to a joint venture of Skanska Koch and Kiewit Infrastructure Co. as part of a $1.29 billion project to raise the bridge so bigger ships can reach New Jersey and Staten Island terminals.
GT Nexus-TradeCard merger finalized
DOT opens TIGER V There is $474 million available for this round, with applications due by June 3. Decisions are expected by late summer or early fall and priority will be given to projects that are ready to proceed quickly.
New Zealand fines 3 air carriers for price-fixing
Computer exporter pays $2.8 million fine for violations
FedEx starts customizable delivery for e-commerce
U.S., Vietnam trade cooperation warms
White House promotes Japan's TPP membership
UPS invests in dedicated LNG stations
DP World's volume contracts in 1Q
Norbert Dentressangle's 1Q marginally affected by European economy
U.S. leads Latin American infrastructure trade mission
Two fuel barges explode in Mobile, Alabama Barges are owned by Houston-based Kirby Inland Marine.
Fujairah market shows signs of tightness IFO remains unavailable in Cape Town.
Prices stick to upward path Markets maintain second day of rises.
Maersk to stick with slow steaming Slow steaming is the reason for Maersk beating its targets on CO2 emissions.
Cruise line cuts bunker consumption Royal Caribbean Cruises returns to profit.
LNG bunkering makes Asian debut South Korean gas company nets Asian LNG bunkering first.
Bunker operations from new terminal could start this week Reports say customs issues have been delaying start up at Vopak's Algeciras terminal.
Bunker prices edge up in Asian trade Only Tokyo saw the price for 380 cSt product slide.
Lack of blending material keeps fuel oil inventories high Singapore onshore stocks see sluggish drawdown.
Aegean opens for business in Barcelona Move builds up company's presence in Mediterranean bunker market.
Rolls-Royce wins repeat order for 'green ship' New vessel includes 'innovative hull design' that ensures fuel efficiency and low emissions to air and sea.
China grants operational approval for dual fuel LNG vessel Fortune Oil will start operations of its LNG bunkering station on China's Yangtze river in August.
Dan-Bunkering to enter Middle East market Operations are expected to start with the opening of its Dubai office in July.
Matson reduces bunker surcharge 'We have been encouraged by the recent moderation in bunker fuel prices,' says senior vice president.
Holland America Line cautious over ECA fuel costs Tighter sulphur regulations 'could be problem,' says President and CEO.
US arranging for military bunkering base at Maldives Currently in talks with Maldivian government over Status of Forces Agreement.
Yujin International subsidiary sells bunker tanker The M/T Reliance has been sold to a Singapore-based operator for $1.6 million.
Fuel-saving propeller system enters market System will allow vessels to maintain 'faster average speed with fuel usage reduced by up to 8%,' claims Axiom Propellers.
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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