Australian ports union scrubs legal fight AUSTRALIA'S ports union said today it would withdraw its legal action against Patrick Stevedores over an automation dispute
GSI's profits crash 98% SHANGHAI and Hong Kong-listed Guangzhou Shipyard International said today its FY12 net profits crashed by more than 98% year on year
ESPO assails EU recycling levy's advance EUROPE'S ports body ESPO said today it would continue to oppose a measure adopted by the European Parliament's environment panel to impose a ship recycling levy on ships visiting EU ports
Intermodal boom seen for surging Africa AFRICA is well positioned for intermodal development, with foreign direct investment trebling in the past year, a consultant has told a Senegal conference
SAS Awards deadline looms THERE are just three weeks left to enter this year's IHS Safety at Sea Awards
Höegh LNG abandons option on carrier NORWAY'S Höegh LNG Holdings said today it has decided to forego an option to buy a 2010-built LNG carrier
Exmar books $56M gain EXMAR, the listed Belgian gas carrier owner, said today it gained $56M from a venture with Teekay that will be booked in Exmar's 1Q13 interims
Nam Cheong realises $72M in S&P MALAYSIA'S largest OSV builder Nam Cheong today sold six vessels to two existing clients for a total $72.1M
Anti-piracy US escalation weighed off Nigeria WASHINGTON and US allies are reportedly weighing proposals to increase anti-piracy patrols off West Africa because of rising concern that ransoms are being funnelled to terrorists
BHP, Exxon floating $10Bn FLNG scheme EXXONMOBIL and BHP Billiton were reported today to be seeking government approval to develop an FLNG plant off Western Australia's Carnarvon Basin
Keppel plans to issue $200M worth of notes KEPPEL's wholly owned subsidiary Keppel GMTN plans to issue up to $200M of floating-rate notes to raise funds
Upside seen in product tanker newbuilding prices PRODUCTS tanker newbuilding prices should appreciate as the outlook for the sector is increasingly bullish on refinery expansion in Asia and the Middle East, said a South Korean analyst today
Shipping confidence levels reach a two-year high CONFIDENCE levels in shipping have reached a two-year high, according to shipping adviser Moore Stephens
Port maintenance worsens drybulk congestion MAINTENANCE work at key drybulk terminals has caused congestion to worsen from last week
CMHI profits dragged down by box-making venture HONG KONG-listed Chinese terminal operator CMHI's profits plunged 31.7% year on year to HK$3.8Bn ($489.7M) in 2012, mainly because of a poor performance by its box-making joint venture
IATA Calls for Changes to Improve Indian Aviation The International Air Transport Association has called for government and industry to collaborate on a series of projects to enhance safety, security and efficiency in India. "I propose a series of projects to enhance the safety, security and efficiency of Indian aviation," said Tony Tyler, IATA's director general and CEO, in...
Busan Port Authority Names Park as Chairman Jong-su Park, Busan Port Authority's new chairman.Busan Port Authority's port committee has elected Jong-su Park as its 10th port chairman. Park was appointed by the Minister of Strategy and Finance and will be in charge of managing the port committee until next January. The former port chairman, Man-hwa Jung, completed his term last...
Nippon Express, NEC to Form Logistics Alliance Nippon Express Co., Japan's largest international freight forwarder, and NEC Corp., one of the nation's biggest electronics makers, said on Wednesday that they have agreed to form a strategic business alliance to strengthen their global logistics operations. Under the agreement, Nippon Express, commonly known as Nittsu in Japan, will acquire a...
Pulse of the Ports: Freight Sector to Focus on Supply Chains LONG BEACH, Calif. - Now that the U.S. has emerged from the economic recession, the freight transportation sector in 2013 will shift its focus to supply chain issues such as federal sequestration, truck capacity shortages and a shift in sourcing away from China, economists told the annual Pulse of the Ports...
Georgia Port Agency Posts 6.9 Percent Cargo Growth The Georgia Port Authority reported February cargo totaled 2.27 million tons, up 147,650 tons, or 6.9 percent, from February 2012. The Port of Savannah's traffic surpassed 2 million tons of cargo in February, increasing 45,007 tons, or 2.3 percent, compared to the same month in 2012. Year-over-year, the port added more than...
ACT Report: Used Truck Market Picks Up Steam The used truck market improved in February after a shaky start in 2013, according to the "State of the Industry: U.S. Classes 3-8 Used Trucks" report, published by ACT Research. Volumes for both the retail and wholesale markets grew month-to-month, but the auction market dropped again, the study showed. "It is interesting...
Wan Hai, Yang Ming, PIL Partner on Intra-Asia Service On April 3, Wan Hai Lines will join Yang Ming Line and Pacific International Lines in operating the Pan Asia Service II to provide an express service from North China to Singapore and Malaysia. The PA2 service will employ four vessels with capacity of 2,800 20-foot-equivalent units. YML will deploy two...
Michigan Exporter Sentenced for E-Waste Crimes A Michigan exporter of used computer parts and its owner have been sentenced for trafficking in counterfeit goods and services and violating environmental laws. U.S. District Judge David M. Lawson sentenced Mark Jeffrey Glover to 30 months in prison and a $10,000 fine, and his company, Discount Computers, a $2 million...
Maersk Adds Busan Call to Asia-Europe Loop Maersk Line will add Busan, South Korea, as a port call on its Asia-Europe, AE10, service schedule. The new port rotation will be as follows: Busan; Kwangyang, South Korea; Ningbo, China; Shanghai; Yantian, China; Tanjung Pelepas, Malaysia; Suez Canal, Egypt; Rotterdam, the Netherlands; Bremerhaven, Germany; Gdansk, Poland; Aarhus, Denmark; Gothenburg, Sweden;...
Zim to Raise Asia-Europe Rates in Mid-April Zim Integrated Shipping Services plans to raise rates for all dry cargo on its trade from the Far East to Europe and the Mediterranean, starting April 15. The increase will be $500 per 20-foot-equivalent unit, the container line said....
Hamburg Süd Reinstates La Guaira Call on Venezuela Service Hamburg Süd has reinstated La Guaira, Venezuela, as a direct call on its weekly Florida-ABC Islands/Venezuela service, which connects Florida, Aruba, Bonaire, Curaçao and Venezuela. The first departure to La Guaira will be on March 28 from Jacksonville, Fla., and March 29 from Port Everglades, with the sailing of the Diamantis...
Daggett Maps Plans for 'New ILA' International Longshoremen's Association President Harold Daggett said he plans an aggressive effort to transform the union into a "New ILA" that will cultivate closer links with other unions in the U.S. and abroad. Daggett said a new steering committee will re-evaluate the ILA's relationship with the AFL-CIO and its maritime and...
Seattle Narrows Field for Commissioner Position After review applicants, the Port of Seattle's commission today announced the finalists for a vacancy created by Rob Holland's resignation. The seven finalists will answer questions from the public during a forum on April 2, and the port commission will announce its final selection in late April or early May. The...
New Jersey-Dallas Intermodal Rates Rise 8.1 Percent U.S. intermodal rates remained relatively flat in the week ending March 25, according to data on all-inclusive 53-foot door-to-door spot pricing quoted by railroads and provided by the 3PL IDS. All regional indexes kept within 1 percent of last week's rates, although some trade lanes experienced bigger swings. All-in 53-foot door-to-door...
Klaipéda's Container Throughput Climbs In January and February, Lithuania's Port of Klaipéda and Butingés terminal handled 62,879 20-foot-equivalent units, improving 8.3 percent compared with the same period last year. However, in terms of tonnage, the containerized throughput in January and February fell by 3.3 percent year-over-year. In the first two months of 2013, the port and...
Double-Digit Drop in New Orleans' Container Volume Port of New Orleans' containerized volumes through Feb. 2013 Full-size image The Port of New Orleans' containerized throughput fell 14.7 percent year-over-year in February. Total volume in February 2013 was 32,443 20-foot-equivalent units, including both laden and empty containers, according to data from the port. New Orleans' exports dropped 5.6 percent year-over-year to 17,165...
EU Seeks Supply Chain Input on 'Conflict Minerals' The European Commission has launched a public consultation on "conflict minerals," to get interested parties' views on a potential European Union initiative for responsible sourcing of minerals coming from conflict zones and high-risk areas, such as war zones, post-war zones and areas vulnerable to political instability or civil unrest. The EC...
UASC to Hike Asia-Europe Rates United Arab Shipping Company will increase rates on its trade from Asia to North Europe, the Mediterranean and the Adriatic region, effective April 15 and May 15, based on the bill of lading date. The increase will be $525 per TEU for both dry and refrigerated cargo, including special equipment. ...
Blast outside Tsakos home There were no injuries after a bomb reportedly exploded outside of the home of Greek shipping executive Nikolas Tsakos.
Smiles for Scorpio and LNG Jefferies analyst Douglas Mavrinac revealed Scorpio Tankers and two New York-listed LNG carrier owners as his top stock picks in a quarterly review of New York-listed shipowners.
SCF profit cut Russian tanker owner Sovcomflot has posted a 23% drop in 2012 net profit as revenue declined.
KR appoints new head Dr Chon Young-kee has been elected as the new chairman and CEO of the Korean Register (KR) of Shipping.
New head for Korean Register Dr Chon Young-kee has been elected as the new chairman and CEO of the Korean Register (KR) of Shipping.
BLT files in US Indonesian owner Berlian Laju Tanker (BLT) has filed for Chapter 15 creditor protection in a US bankruptcy court.
Bulk batters Cosco Huge losses from its dry-cargo and container divisions plunged China Cosco Holdings more than $1.5bn into the red during 2012.
Palumbo finishes the job Italy's Palumbo Shipyard has completed a ro-ro left unfinished by the bankruptcy of the Kraljevica yard in Croatia.
Cal Dive wins Pemex gig Cal Dive International has bagged a new $63m contract on the same day that it forecast a worse than expected set of first quarter results.
Nobu steps aside Nobu Su will vacate the CEO's seat at TMT after hiring restructuring experts to turn the company around.
Yang Ming edges to profit Taiwanese container line Yang Ming has edged to a small profit in 2012 thanks to asset sales, following a very costly 2011.
Easter sweeter for Costa A year on from the Costa Concordia disaster the vessel's Italian owner has trumpeted a sharp upturn in Easter orders.
Samsung floater delayed Mystery surrounds the identity of a company behind a delayed LNG FPSO at Samsung Heavy Industries.
GZE in Titan coup The would-be saviour of Titan Petrochemicals has installed its own CEO at the Hong Kong bunker and FPSO group.
Broker sees Cypriot squeeze A massive bailout of Cypriot banks will make ship finance even more difficult to come by, according to a leading Greek broker.
Danes bar FRS ferry The Danish port of Odden has refused to allow a German fast ferry to call there on safety grounds.
Hoegh LNG changes tack The Oslo-listed company has swapped an obligation to purchase a 50% share of the 153,600-cbm STX Frontier (built 2010) for an option to buy the ship outright.
Life continues at 30 Scorpio Tankers will keep buying newbuildings despite a blitz which has seen it add 30 new ships in less than six months, analysts believe.
Merle finally freed A Turkish ship stuck on a Portuguese beach since January has been refloated by tugs.
Bore poaches Modig Finnish ro-ro owner Bore is bringing in Finnlines COO Hakan Modig as its new boss.
Sixpack for Nam Cheong Malaysia's Nam Cheong is on track to hit its ambitious target this year after bagging a fresh six-vessel order just before the end of the first quarter.
P+S failure probed P+S Werften managers are under investigation by German prosecutors over the timing of the shipyard's bankruptcy filing.
No offshore shortcut China Rongsheng Heavy Industries is likely to face a long wait for profitability in the offshore rig arena with its cash flow feeling increased heat this year, according to a leading analyst.
D-Day looms for Nordic Financial struggles weighed heavily on the balance sheet of Nordic Shipholdings as it racked up red ink in 2012.
Sea Voyager snapped up Seattle's Un-Cruise Adventures has added an eighth ship to its fleet.
Haisheng plunges to loss China Shipping Haisheng suffered a big reverse in 2012 as revenue declined.
HHLA's profits slide Hamburger Hafen und Logistik (HHLA) has seen 2012 profits slide nearly 19% from a year ago to EUR72.4m ($93m).
Wuhu wins DSVs China's Wuhu Xinlian Shipbuilding has reportedly secured a deal to build two diving support ships (DSVs).
Hapag takes another Hapag Lloyd has been forced to charter in a second ship to overcome disruptions in its transatlantic services.
Jurong yard suffers fire A man has been severely injured after a fire swept through a small shipyard in western Singapore.
LDC profits top $1bn Louis Dreyfus Commodities has seen full-year profits reach $1.1bn in a year the French group described as "exceptional".
Cause for contracts Last year, a high-volume shipper with strong exports out of the United States saw an opportunity to bring stability to his air cargo business. Instead of using the volatile spot market to secure air freight rates, he signed a two-year contract with a freight forwarder for the 70 percent of his total business that transits through the United States.
Mexican tomatoes
Circuit board patent copied?
Refining U.S.-Colombia FTA
CargoNet comes to TIA
Lawmakers seek to raise de minimis
Cloud-based rate manager
Ahead of schedule SAP in late February released version 9.0 version of its SAP Transportation Management (SAP TM) application.
Targeting the middle market
Update: Virginia governor to review VPA's decision against privatization The port's board unanimously voted Tuesday to restructure the state-owned operating company, Virginia International Terminals, instead of outsourcing cargo and vessel-handling operations at the Port of Virginia.
Hong Kong tops list of busiest cargo airports HKIA took the reins from Memphis International Airport, 2012's second-place finisher, in 2010, ACI said. Both airports experienced an increase in cargo activity of more than 2 percent when compared to 2011's numbers.
APMT receives automated cranes for Rotterdam terminal APMT said the Maasvlakte II facility, scheduled to open in November 2014 with an initial annual throughput capacity of 2.7 million TEUs, will be the most technologically advanced container terminal in the world.
Crude fluctuates as stockpiles surge to nine-month high 'The 3.3 million barrel build in crude supplies triggered a sell off in crude, while the 4.5 million-barrel drop in distillate is putting upward pressure on heating oil.'
DeMaCo to build LNG transfer lines for ferry bunkering system DeMaCo and Cryonorm Systems will be setting up system for Skangass to facilitate loading of ferries sailing between Norway and Denmark.
OW Bunker closed for Easter holiday Office will be closed from March 29- April 1.
Demand picks up in Fujairah Cape Town avails getting back to normal after refinery maintenance.
Avails tighten in Rotterdam and Hamburg Strong buying interest seen in Gibraltar.
Bank payments possible in Cyprus Special regime in place which includes shipping-related payments.
Danish tanker owner on brink of bankruptcy after 2012 losses Has three months to find new investor or its banks will carry out a controlled winding up of the company.
Aegean exits Panama terminal activities Expects Q1 cash injection as a result, third vessel introduced to service.
Matrix Marine expands supply at Houston All grades now available to ships working cargo.
Price of bunkers largely up at Asian ports Supplies of marine fuels not an issue at most ports, with exception of Tokyo Bay.
Canadian ferry undergoes fuel efficiency upgrade M/V Tachek to receive a dual prop, counter-rotating, bow thruster.
New player for engine systems market in Asia Part of engine systems portfolio includes dual-fuel units making use of natural gas.
Gaslog receives delivery of tri-fuel LNG carrier GasLog Santiago was built by Samsung Heavy Industries.
Fujairah bunker volumes to remain stable in 2013 Port of Fujairah has 75% of bunker market in the Middle East Gulf, says Harbour Master.
Tough market could spark round of consolidation, says listed bunker company Low margins could force players out.
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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