|AUGUST 26, 2013|
- China's State Council approves pilot free trade zone for Shanghai
- Felixstowe to build berths to up capacity from 14,000 to 18,000-TEU ships
- 18,000-TEU Majestic Maersk makes call at Shenzhen's Yantian terminal
- Carriers return to core services, relinquish more novel transport roles
- NZ export chief tells small ports to consolidate to attract big ships
- Shandong's seven-month box volume up 12.2 per cent to 12.36 million TEU
- Cross-strait cold chain seminar deal-making reaches US$8.68 million
- Clarksons' profit flattens at US$16.75 million as revenues rise 1.2pc
- Canada asks WTO to check US meat labelling rules as trade violations
- First four of 16 steel lock gates arrive for Panama's Atlantic side
- CEVA adds Rolls-Royce, Pearson, Pigeon at new Singapore logistics centre
- Contraband silver worth US$25,000 seized at Cochin's air cargo complex
- Kuehne + Nagel, Panalpina beat air cargo market despite eurozone woes
|AUGUST 23, 2013|
- ITIC puts ship agents on alert over immigration crew scams
- Leasing of containers to witness steady growth, says Drewry
- Liberian International Ship & Corporate Registry appoints new Vice-President
- New vessel deliveries being balanced out by healthy scrapping levels: BIMCO
- DG Shipping move seen boosting bunkering at Cochin Port
- Inconclusive BWNC meet discusses pension issues
- INR 4,200-cr. terminal puts Kerala on global LNG map
- Major Port traffic grows on coal, fertiliser handling
- MPT handling other commodities to make up for banned iron ore
- Siddhi Vinayak Logistic Ltd launches "Driver's Day" Campaign
- 159 anti-dumping probe cases slapped against China since 1992
- Forex reserves rise by $ 205.8 m
- Incessant rains likely to boost demand for imported rubber
- INR bucks trend to end week at 135 paise high
- Aaras Shipping Agencies simultaneously handles heavy cargo from three vessels
- HANSA HEAVY LIFT appoints Roger Iliffe as Interim CEO
- Specific tie-down procedures recommended for heavy air cargo loads
- Unlimited Express becomes PCN representative in Myanmar
|AUGUST 26, 2013|
- United Wagon Company and Amsted Rail collaborating
- New gates' arrival is milestone for Panama Canal expansion
- Latam guilty of air cargo price-fixing conspiracy
- UPS: two new distribution centres in Chengdu and Shanghai
- Production of the Unimog Euro VI starts
- A change at the top for Hansa Heavy Lift
- New ro-ro facility for port of Kiel
- Authorities certify Russia's new long-range aircraft
- Ceva expands in Singapore with new logistics centre
- Slovenian Railways to build smarter railroad system
- New vice-president for LISCR
- European Maritime Administration certifies Varna simulation...
- New site in Hamburg for Lehnkering Chemical Transport
- Guangshen Railway transports less freight
- Korean Air Cargo launches operation to Guadalajara
- Logistiker sind immer mehr gefordert
|AUGUST 23, 2013|
- Insurer enhances marine medical plan to meet MLC needs
- MAN Diesel & Turbo gets order for Breakaway Plus engines
- Migrant smuggling scam targets ship agents
- Marine Response Alliance to host OPA 90 Seminar
- Mexican Navy yard to build fifth Damen Stan Patrol
- Crowley bestows 2012 Thomas Crowley Awards
- Cruising boom ahead
- DFDS to make major investment in exhaust gas scrubbers
|AUGUST 23, 2013|
- Port of Seattle releases July container numbers
- Port of Houston sees gains in operating revenue for July
- Portland International Airport displays Shapiro light exhibit
- FMC pulls ocean transport license for Transporte Medrano Inc.
- Drewry annual report highlights container terminal operator info
|AUGUST 23, 2013|
- Seaspan confirms order for five 14,000 teu boxships
Vessels to be chartered to Yang Ming on a minimum time charter term of six years
- Nanjing Tanker moves closer to delisting as first-half losses widen
Firm wrestles with high costs despite improved revenues
- DVB ditches 'shipping, shipping, shipping' focus
Driese says private equity is the way forward
- Business as usual
Latest shipping casualties show why we must take safety seriously
- K-sure offers bond insurance for South Korea newbuildings
Shipping first could see debut deal involve European banks
- A united CKYH and G6 would be no match for P3 on Asia-Europe trade
Merging the two alliances could not rival Big Three's economies of scale, say analysts
- ER Group pulls out of Ahrenkiel sales talks
German owner remains up for grabs as HSH Nordbank presses it to sell
- Reed Smith ready to take on the world
London firm is both big league corporate lawyer and shipping specialist, says Nick Shaw
- No chemtanker recovery till 2015, says Stolt-Nielsen
Developed economies to drive market improvements
- Eitzen Chemical foresees supply and demand balancing out
Tanker owner reports $13.7m second-quarter operating loss
- Unfazed by competition
Reed Smith can compete 'very effectively' with the likes of White & Case to appeal to banks
- Toll reports drop in ocean-freight volumes
Australian forwarder says carriers are going directly to shippers
- MOL and NYK face class actions in Canada
Japanese giants accused of vehicle transport market price-fixing
- Odfjell buoyant on chemical tanker recovery
Quarterly results best in five years
- KDB loan shores up STX Pan Ocean charter deals
Backing will help troubled South Korean carrier to hold on to Vale and Kepco deals
- ILO stands by labour convention's shipowner definition
One entity can shoulder responsibility as another carries out certain duties, says founding organisation
|AUGUST 23, 2013|
- Nanjing Tanker nearing delisting
NANJING Tanker today predicted it would post losses for the first three quarters of 2013, a step further toward the prospect of being delisted from the Shanghai Stock Exchange
- DSF books sharp rise in impairment charges
DANISH Ship Finance (DSF), the Copenhagen-based shipping bank, has booked a sharp rise in impairment charges in 1H13, mainly due to respite granted to a small number of borrowers, while interim profit fell by almost half
- Cutting fuel consumption good for HMM
HYUNDAI Merchant Marine's container shipping business should at least break even for 3Q13 due to the peak season and the company's efforts at slashing fuel costs, a sector analyst said
- Odfjell cuts loss and forecasts improvement
ODFJELL, the Bergen-based chemical carrier and tank terminals group cut interim losses on better-than-expected performance of its shipping unit, but long running problems at Rotterdam continued to hurt the group's tank terminal business
- Golden Ocean cancels orders and reinstates dividend
GOLDEN Ocean Group (GOGL), the listed bulk shipping company in John Fredriksen's business empire, has reported a rise in interim profits, further cancellations of newbuilding contracts, and a reinstatement of dividends
- Maybulk profits rockets 1,385%
MALAYSIAN Bulk Carriers said net profits for 2Q13 rocketed 1,385% year on year to 13.1M ringgit ($4M)
- LNG cargo supply growth below expectations
EXPECTATIONS of high LNG shipping rates have been tempered by LNG production problems that are curbing an increase in traded volumes
- Chinese cargo ship capsized off Fujian
A CHINA-flagged general cargo vessel capsized off the country's Fujian province yesterday amid typhoon Trami, leaving six crew members missing
- Captain of Rabaul Queen charged
THE CAPTAIN of the Rabaul Queen which sank off the Papua New Guinea coast on 2 February 2012, killing more than 162 people was charged with manslaughter today
- South Korea encourages LPG usage in autogas
SOUTH Korea has moved to encourage the usage of LPG as an autogas
- China approves Shanghai free trade zone
CHINA'S State Council has approved an "experimental" free trade zone in Shanghai, according to a Ministry of Commerce statement on Thursday
- LR1s, LR2s, bounce back to life
LR1 and LR2 tankers are enjoying a long-awaited recovery in freight rates, as cross-Arabian Gulf voyages have tightened the availability for AG-Far East naphtha shipping
- CANSI: new orders soar, output down
CHINA'S newbuilding orders rocketed by 155.7% year on year to 29.76M dwt in the first seven months of 2013, according to China Association of the National Shipbuilding Industry (CANSI)'s report released on Thursday
- Cash showdown to decide TMT fate
A bankruptcy court showdown on 28 August is likely to determine TMT's ability to remain a functional operation, as the company remains severely starved of cash
|AUGUST 23, 2013|
- Consumer Products Exports Expected to Underpin Growth of South Korea's Economy
Strong consumer product exports will support GDP growth in South Korea in the coming months and years even though overseas demand for capital goods will wane, and major markets such as China will suffer slower growth, according to one analyst. Young Sun Kwon, an economist with Nomura, said improved demand from...
- Study Details Benefits of Deepening the Mississippi River
Sen. Vitter (above) said deepening the Mississippi River will help the U.S. meet current and future transportation needs.U.S. Sen. David Vitter, R-La., the ranking member of the Committee on Environment and Public Works, along with industry and Louisiana transportation officials, have released a new economic impact report detailing the benefits...
- Qualcomm Sells Trucking Telematics Business for $800 Million
Wireless communications giant Qualcomm is selling its Omnitracs trucking communications and telematics business for $800 million to Vista Equity Partners, a U.S.-based private equity firm. The sale marks the exit of Qualcomm from the business that first got it rolling in the 1980s - connecting truck drivers on the road...
- Peel Ports to Upgrade Port of Liverpool Infrastructure
Farrans Construction will upgrade Gladstone Lock and adjacent container terminal quayside infrastructure at the Port of Liverpool.Peel Ports has appointed Farrans Construction to upgrade Gladstone Lock and adjacent container terminal quayside infrastructure at the Port of Liverpool, in order to increase efficiency for the transit of vessels within Seaforth Dock...
- 8,508-TEU Ever Living Christened in Taiwan
Evergreen Line's new Ever Living is the largest container ship built by China Shipbuilding Corporation.The naming ceremony for Evergreen Group's first L-type container ship, the Ever Living, was held at China Shipbuilding Corporation's Kaohsiung shipyard in Taiwan today. S.S. Lin, first vice group chairman of Evergreen Group, officiated at the ceremony....
- Port of Seattle's Container Volume Fell 16 Percent in July
The Port of Seattle reported container volume dropped 16.0 percent year-over-year in July to 134,864 20-foot-equivalent units, and plummeted 21.2 percent in the first seven months of 2013 to 925,284 TEUs. Total international container volume decreased 21.3 percent in July, compared with July 2012. It also fell 25.8 percent from January...
- Shippers Must Rethink Modal Choices, Transport Analyst Says
Shippers face "significant" rate increases in the U.S. over the next few years unless they build more multimodal supply chains for domestic and inbound shipments, an investment analyst warns. Although he expects U.S. economic expansion to remain slow, restraining the rate of growth in freight demand, rising operating costs and regulatory...
- Port of San Diego to Host Export Training Event for Small Businesses
Small business owners in San Diego that are considering exporting will learn about trade resources to help them access foreign market opportunities at a special training session Wednesday, August 21, 2013. While the event is fully booked and not open to the public, the Port of San Diego is offering a...
- ILA Reports Progress in Virginia, Baltimore Talks
The International Longshoremen's Association reports progress on ILA local agreements in Virginia and Baltimore that remain unsettled four months after ratification of a coastwide master contract for East and Gulf Coast ports. After separate meetings this week in Norfolk and Baltimore, negotiators in both ports are working out final details on...
- NYSA, ILA Prepare to Expand Work Force
The New York Shipping Association and International Longshoremen's Association have begun referrals for pre-clearance of candidates for New York-New Jersey dockworker jobs that will open up during the next few months. NYSA President John Nardi said the referrals are for replacement of about 300 dockworkers who have applied for early retirement...
- Port of Felixstowe Hits TEU Milestone
Port of Felixstowe handles its 70 millionth TEU.The Port of Felixstowe has reached a milestone, handling its 70 millionth 20-foot-equivalent unit since container operations began at the England port in the mid-1960s. The landmark container was loaded aboard the 13,800-TEU MSC Bettina by Patrick McLoughlin, the U.K.'s secretary of state for...
|AUGUST 23, 2013|
- Moundreas tied to buy
NG Moundreas of Greece has been linked to the acquisition of a capesize bulker controlled by Hong Kong operator Tai Chong Cheang Steamship (TCC).
- Hope on the horizon
If you're among the many industry observers who expect pain to persist in the panamax segment in the months ahead you may want to think again.
- Place your bets
A growing number of equity analysts are expecting to see a rebound in the capesize bulker segment in the coming quarters.
- Masters suspended
The masters of a bulker and a ferry involved in a fatal collision in the Philippines this week have been suspended on the same day that it was announced the death toll has risen to 78.
- Ahrenkiel seeks partner
German owner Christian F. Ahrenkiel is on the hunt for a new investor to help it navigate the industry downturn.
- Seaspan seals the deal
Seaspan has firmed an order for five 14,000-teu boxships at CSBC of Taiwan after signing off on charter deals with Yang Ming Marine.
- Dyrbye in shock split
Hansa Heavy Lift (HHL) has parted company with chief executive Tomas Dyrbye only a year after he took on the top job.
- Full marks for good work
We take a look at what was said in the market over the past week.
- Flex lessens losses
Flex LNG has managed to chop its second quarter deficit after cutting costs.
- Geden close to bank deal
Turkish owner Geden is nearing the finish line in its efforts to strike a restructuring deal with its army of banks.
- RABT offloads shortsea
Loss making Rederi AB TransAtlantic (RABT) has taken the next step in its restructuring by outsourcing its shortsea bulk business in a move that will see the loss of a further 20 jobs.
- Noren to exit Concordia
Hans Noren will vacate the president's seat at Concordia Maritime at the end of this year, the owner has announced.
- Ross in dry strike
King of bankruptcy buys into a third shipping company with his debut dry-cargo deal.
- Eitzen Chem in deeper deficit
Eitzen Chemical is showing further signs of recovery despite falling to a deeper loss in the second quarter of the year.
- Odfjell getting better
Odfjell just failed to return to profit in the second quarter as markets and its fleet utilisation improved.
- Bank plots giant sale
Commerzbank is taking another stride in its walk away from shipping with a plan to dispose of 14 tankers.
- Golden cancels trio
Golden Ocean has chopped three of its four newbuildings at Jinhai Heavy Industries in the latest round of cancellations by John Fredriksen-linked companies at the shipyard.
- Nam Cheong eyes $115m
Nam Cheong has launched a five-year bond issue which it hopes will put some SGD 90 ($115m) in its coffers.
- Capes face Oz charge
Capesize owners face higher costs from next month to use the world's largest iron ore export facility - Australia's Port Hedland.
- China demand to surge
China is on track to spend $500bn a year on crude imports by 2020 according to a bullish report from Wood Mackenzie.
- Bumi Armada eyes bonds
Bumi Armada, the Malaysian FPSO specialist, is looking to raise fresh capital to fund the next stage of its expansion.
- Frangou sees open window
Angeliki Frangou does not appear to have abandoned plans to spin-off Navios South American Logistics (Navios Logistics) of Uruguay.
|AUGUST 23, 2013|
- Study: Deepening Mississippi River could increase exports
- Houston port seeks $300 million
- enVista partners with inventory-planning software provider
- S.C. port authority reports TEU growth, operating profit
Container volumes at the Port of Charleston grew 3 percent in July to 136,159 TEUs, the port's strongest July result since 2008 and a 20-percent increase from July 2011. Year to date, the port has handled 925,075 TEUs.
- American, US request date for anti-trust trial
The Department of Justice had requested that the trial start in 180 days. Carrier officials said that time frame is much too long since American is still facing bankruptcy proceedings.
- Officials propose tobacco regulation in TPP
- Last-mile courier thefts increase
Thieves hit a last-mile courier van carrying pharmaceuticals in Modesto, Calif., Thursday. Nearly 30 similar thefts have occurred in the U.S. so far this year. In 2012, 12 last-mile courier thefts occurred around the nation.
- FMC revokes license for Medrano Express
- U.S., Thailand train on WMD interdiction
|AUGUST 23, 2013|
- Weekly global market report
A weekly price round up from bunkering hubs around the world.
- Fuel prices remain stable in the Americas
Demand was said to be average on Friday in Houston.
- NuStar Energy announces fuel marketing agreement
Agreement enables NuStar to create 'back-to-back' trading model.
- Philippines oil spill continues to spread
Ferry was carrying 120,000 litres of bunker fuel, 20,000 litres of lube oil and 20,000 litres of diesel oil.
- Dan-Bunkering hires new finance manager
Firm's Dubai location also welcomes new accountant/sales supporter.
- Signs of recovery in chemical tanker market
Results from two Norwegian-based specialist tanker operators show evidence of a recovery, despite continuing losses.
- Good demand in Fujairah
South African markets firming.
- Prices soften in Mediterranean bunker hubs
Little movement in Rotterdam averages.
- Refinery fire forces partial closure
Fire in a cooling tower leaves one dead.
- Fresh attempt to sell arrested bunker tanker
Reports say it will be the fourth attempt to find a buyer for Onsys Aries.
- Vessel held over bunker bill dispute is freed
Lawyers say out-of-court settlement has been reached.
- US firm hopeful of cracking low-cost HFO desulphurisation
Company says method is already proven for distillates; processing units could be set up almost anywhere.
- Asian bunker prices close week with little change
Players in Hong Kong noted good demand.
- OPL bunkering at Kochi possible via RSVs during monsoon
Move effectively reduces the cost of bunkering at Kochi, says report.
- DFDS takes 'major step' to prepare for 2015
Eight more ships to be fitted in 2014, and scrubbers for 10 more vessels under consideration.
- Vopak profit down H1 2013
Firm recorded net profit of EUR 162.3 million during H1 2013.
- Athens-listed ferry operator remains in the red
But lower fuel costs help narrow losses.
- O.W. Bunker 'strengthens physical division with promotion'
Appoints Soren Christian Meyer as vice president of physical division.
- Upgraded Lukoil bunker tanker resumes operations
The upgraded Bunkerovshchik-5 is now MARPOL-compliant.