Forecast mid-September box rates rise fails to bear fruit Prices keep tumbling on Asia-Europe trade
Asian shippers reject IMO box weight proposals Agreement is unworkable in many emerging markets, says council
Dockers end strike at China Merchants port Pay rise demand met half-way
TEN raises another $50m from preferred issue Quick fundraiser priced at 8.875%
Asset-management firm seeks control in Brisbane Reports say IFM aims to buy GIP's stake in a deal worth up to $838m
Short-term opportunities open up for Iran crude export trade Extra shipments out of Sidi Kerir could be a huge boost to tanker owners looking to cash in
Smaller boxships face brighter prospects Orders for ultra large tonnage leave a widening gap for feeders, says Pittas
STX Offshore & Shipbuilding appoints a new chief executive Reducing share capital lays the foundation for further restructuring
Six crew missing after cargoships collide off Japan Local coastguards searching for missing crew
Klaveness to list bulk division IPO in Oslo to raise funds for up to 12 kamsarmax vessels
A legacy to treasure Genoa's Galata Naval Museum will inspire a new generation of shipping men and women
Dangerous times German shipping faces up to an uncertain future
Taken for a ride From container verification to cat fines, ships and shipping end up disadvantaged
Long-haul box rates continue to decline CONTAINER freight rates on mainline trades continued to decline in the last week of 3Q13 as weak supply-demand fundamentals persist
SITC spends $95.2M on box ships SITC International has placed orders for four 1,800teu containerships at an overall cost of $95.2M from Taiwan's CSBC
DSME may establish yard in China DAEWOO Shipbuilding & Marine Engineering is said to be exploring the possiblity of opening a yard in China
Strong bulker sale trend continues THE impact of the recent rally in the Baltic Dry Index has continued to support secondhand bulker sales
US biofuel export facility approved NORTH CAROLINA port officials have signed a deal to build a wood pellet export facility to help serve Europe's growing biomass fuel demand
TEN prices preferred offering NYSE-listed Tsakos Energy Navigation has accepted more expensive dividend terms for its second perpetual preferred offering, which priced yesterday
Sainty receives product expansion subsidies SAINTY Shipbuilding (Yangzhou) received 6.2M yuan ($1.0M) in government subsidies for product expansions, its parent company Sainty Marine announced today
Taiwan's exports continue to rise EXPORT orders received by companies in Taiwan rose for the second month in a row in August, reaching $36.32Bn for the month, up by 0.5% y/y, according to statistics released this week by the Ministry of Economic Affairs
Capesize rates finally see correction AFTER climbing for more than a month, Capesize freight rates finally saw some correction yesterday, with daily rates falling almost $1,400 to $40,813
Maersk Line trimming capacity despite Triple-Es MAERSK Line is taking steps to control capacity despite taking delivery of five 18,000teu Triple-E ships
Yangzijiang's stock rises after favourable reports THE stock price of Yangzijiang Shipbuilding went up today after DBS Vickers and UOB Kay Hian Securities issued favourable reports about the Singapore-listed Chinese shipyard's prospects
STX shareholders appoint Ryu as CEO STX Offshore & Shipbuilding vice-president, Ryu Jeong Hyeong, was today named the company's new CEO
Shanghai's FTZ to ease foreign investment SHANGHAI's free trade zone will ease the limits on setting up international shipping joint-ventures between foreign investors and Chinese partners, said a general plan published today
Aquinas search called off SEARCH and rescue efforts to find 21 passengers missing from the sunken ro-pax St Thomas Aquinas have been suspended as conditions became dangerous for divers
Shipping is 'hot' for US/UK investors SHIPPING has returned to favour among investors in the US and the UK, with dry bulk, LNG and LPG attracting particular interest, says Erik Nikolai Stavseth, shipping analyst at Arctic in Oslo
Ocean Carrier Rate Revision Roundup for Sept. 26 Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in October and November. North America-South America CMA CGM intends to hike rates on its trade from U.S. Gulf Coast ports to Colombia, Ecuador, Chile and Peru, starting Oct. 15. The hike...
Port of Oakland Joins Farmers to Advocate For Infrastructure Funding September 27, 2013-Oakland, Calif.-The American Farm Bureau Federation and the Port of Oakland today called for much needed improvements in port infrastructure. Leaders from AFBF's Trade Advisory Committee and Port officials are encouraging Congress to better utilize money within the Harbor Maintenance Trust Fund and pass the Water Resources Reform...
Germany: Hansa Shipping Places Order for 30 INTERSCHALT's TROP Modules In order for the shipping company to be able to operate its vessels even more efficiently, Managing Director Dieter Mackeprang has opted for a system upgrade to improve efficiency. As a result, the General Manager for technical and nautical issues at Hansa Shipping has placed an order for 30 TROP...
Acrow Joins U.S Trade Representative's Business Roundtable on Africa (Parsippany, New Jersey) - 27 September 2013 - Acrow Bridge, a leading international bridge engineering and supply company, was recently invited by United States Trade Representative Michael Froman to join a high-powered group of U.S. companies doing business in Africa, including Citigroup, Dow Chemical, FedEx, GE and Microsoft. The business...
SCFI: Overall Spot Container Rates Lose $54 Shanghai Containerized Freight Index, Composite, week ending Sept. 27, 2013 Full-size image Spot container rates from Shanghai to 15 major world port locations measured by the Shanghai Containerized Freight Index eroded for a fourth consecutive week, dropping another $54 per 20-foot-equivalent unit during the week ending Sept. 27. The comprehensive spot rate dropped...
McLaurin, PMSA President, Receives 2013 Connie Award John R. McLaurin, president of PMSA, received the 2013 Connie Award.The Containerization & Intermodal Institute has presented the 2013 Connie Award to John R. McLaurin, president of the Pacific Merchant Shipping Association. The award recognizes individuals for significant influence on containerization in world trade and transportation, innovation in their careers and...
DHL Express to Hike Asia-Pacific Prices in 2014 DHL Express will increase its general average price throughout the Asia-Pacific region by about 5 percent, starting Jan. 1, 2014. "Our annual price increase is targeted first and foremost at ensuring a competitive, sustainable value proposition for our customers," said Ken Allen, CEO of the express service, in a written statement....
Shippers Seek Transport Options to Manage Risks The economy is anemic, freight demand is slight, cargo space plentiful and rate increases minimal. Obviously, it's time to plan for growth. Shippers, carriers and third-party logistics providers need to strengthen multimodal transportation networks before the economy really heats up, or face a long-predicted capacity crunch. The cost of complacency will...
Port of Houston's TEU Volume Dropped in August The Port of Houston welcomes Theldon Branch III and Stephen DonCarlos, the port commission's newest members, along with Houston Mayor Annise Parker and State Rep. Wayne Smith, who each officiated a swearing-in for the new commissioners.The Port of Houston handled 176,900 20-foot-equivalent units in August, down 5.4 percent from the...
Kuehne + Nagel, VTG Aktiengesellschaft Sign Rail Logistics Merger Agreement Heiko Fischer, CEO of VTG Aktiengesellschaft, left, and Karl Gernandt, chairman of Kuehne + Nagel International AG, on Sept. 27 signed an agreement to merge some rail logistics operations of the two companies.Plans for a merger of rail logistics operations by Kuehne + Nagel and VTG Aktiengesellschaft advanced today with...
Skou Admits Maersk Line Overrated Container Shipping Demand Søren Skou, chief executive of Maersk Line, has admitted that the Danish ocean carrier misjudged the strength in demand for container shipping when it ordered 20 18,000-TEU vessels, worth an estimated $3.7 billion, in early 2011, according to The Wall Street Journal. "It's pretty clear that when we look back to...
Port of Houston Authority Selects Portstar for Innovative Online Port Security Training Houston, TX - The Port of Houston Authority's Health, Safety, Security, and Environment (HSSE) Branch has selected PORTSTARTM Seaport Security Training System as their choice for online port security training. The parties have reached a licensing agreement that will provide the Port Authority with an annual subscription to this cutting edge...
'U.S. Veterans Magazine' Names Union Pacific a Best Veteran-Friendly Company Omaha, Neb., September 26, 2013 - U.S. Veterans Magazine named Union Pacific Railroad among the nation's top veteran-friendly companies. The results were announced in the publication's 2013 "Best of the Best" list, created to encourage diversity-inclusion practices among industry leaders. "Being named a top veteran-friendly company is an honor that highlights our commitment to...
Intermodal Pricing Expected to Rise in US as Truck Rates Increase U.S. intermodal pricing is expected to rise next year, largely because the competing trucking industry will have to increase its own rates as capacity tightens and overall freight demand slowly but steadily builds. Just how high intermodal rates will climb depends mainly on how fast the U.S. economy expands and the...
Elliott Bay Design Group Opens Office in Alaska Seattle (9/26/2013) - Elliott Bay Design Group (EBDG), the naval architecture and marine engineering firm based in Seattle and New Orleans, has established an office in Ketchikan, Alaska to meet growing customer demand in that region. EBDG is the preferred service provider for a number of Alaska-based companies with which it...
Union Pacific's Warren Beach Recognized with David W. Fries Award for Rail Industry Risk Management Efforts WASHINGTON, D.C. - Sept. 26, 2013 - The Association of American Railroads (AAR) today announced Warren Bruce Beach of Union Pacific Railroad (UP) has been awarded the 2013 David W. Fries Award for exemplary risk management efforts and practices in the railroad industry. The award was presented at the Railroad Insurance...
Echo Global Logistics Named a Top 100 Finalist for 2013 Annual Chicago Innovation Awards CHICAGO, IL -- (Marketwired) -- 09/26/13 -- Echo Global Logistics, Inc. (NASDAQ: ECHO), a leading provider of technology-enabled transportation and supply chain management services, announced today that its proprietary LTL (Less Than Truckload) pricing engine, RateIQ 2.0, was selected out of 562 nominees as a Top 100 Finalist in the running for the 12th annual...
Conexus' Marketing Manager Offers Marketing Insights Tulsa, OK, September 26, 2013 - In a recent interview with Russell Goodman, Editor in Chief of SupplyChainBrain, Aubrey Blankenship, Marketing Manager for Conexus, discussed the challenges transportation marketing professionals face in today's advertisement-saturated world. She discussed the importance of being a thought leader and a reliable resource for customers...
U.S. Department of Transportation Awards $63 Million in University Transportation Center Grants WASHINGTON -The U.S. Department of Transportation's Research and Innovative Technology Administration (RITA) today announced approximately $63 million in grants to 33 University Transportation Centers (UTCs) to advance research and education programs that address critical transportation challenges facing our nation. "University transportation centers are key to helping us address today's transportation needs,...
Purolator International Appoints Michael Sonnentag as Branch Sales Manager of its Milwaukee Branch Jericho, New York - September 27, 2013 - Michael Sonnentag has joined Purolator International as branch sales manager of its Milwaukee, Wisconsin branch. Purolator International is the leading provider of cross-border logistics between the U.S. and Canada and a subsidiary of Canada's largest integrated delivery services provider, Purolator Inc. The Milwaukee Branch is one of five...
Genmar nears Maersk deal New York-based General Maritime is in the final stages of sealing a $1bn-plus deal to acquire 20 very large crude carriers from Maersk Tankers.
Japanese giants team up Japan's Mitsui OSK Lines (MOL) has invested in a venture to provide a floating production and storage (FPSO) unit in Ghana.
Pirates in disguise? Asian pirates are masquerading as traders in ferries and small boats to identify potential new victims.
Soanes shares all Quentin Soanes has spent much of his life buying and selling ships, but he also dreams of owning one.
Westports goes all out Westports Holdings is targeting top dollar from a planned IPO because demand for shares is so strong.
SCI ditches second AHTS Shipping Corporation of India (SCI) has sold its second elderly anchor-handler (AHTS) in three months.
Tui bangs Hapag IPO drum Major Hapag-Lloyd shareholder Tui is still eager to offload its stake in the German containerline via an IPO but doesn't anticipate a move before its new CEO takes charge next summer.
EU launches eco-forum The European Commission (EC) is pushing its green shipping agenda with a new taskforce on eco-issues.
HSH deals in doubt TradeWinds digests the digits making the headlines this week.
A shot across the bows We take a look at what was said in the market over the past week.
Fortune favours the brave A recovering capesize market means owners who rolled the dice and ordered newbuildings in 2011 and 2012 will be in the money, researcher James Leake believes.
CSDC begins scrap drive China Shipping Development Co (CSDC) has begun weeding out the last of its single-hull tankers.
Ferry on trial Scotland is testing out a new ferry service from the Hebrides to the mainland.
Nova loses pool partner Ocean Tankers has pulled its fleet of VLCCs from the AP Moller Maersk-led Nova Tankers pool, TradeWinds has learned.
Arms ship fined The Panama Canal Authority (ACP) has fined the owner of a North Korea cargoship up to $1m for arms smuggling.
GEMC VLCC deal close Taiwan's Global Energy Maritime Corp (GEMC) is finalising negotiations on a VLCC newbuilding order, U-Ming president CK Ong says.
Fresh blow for STX Offshore Troubled Korean shipbuilder STX Offshore & Shipbuilding has suffered another blow after the number one choice to take over as chief executive turned down the job.
CMB siblings take more Marc and Virginie Saverys have strengthened their stakes in Belgian shipping group CMB.
Samskip expands Icelandic container line Eimskip has added a feedership to a new Rotterdam to Norway run.
One missing after smash Five seafarers were in a critical condition on Friday after the capsize of their cargoship off Japan.
Goa in the black India's Goa Shipyard has recorded an annual operating profit of INR 685.3m ($11.08m).
TEN goes for $50m Greek tanker owner Tsakos Energy Navigation (TEN) has revealed it is aiming to sell $50m of redeemable preferred shares.
Klaveness in bulk spin-off Torvald Klaveness is planning to raise up to $200m for a new dry bulk spin-off operation called Klaveness Bulk.
Gdansk workers strike Poland's Gdansk Shipyard looks to have ground to a halt after 700 workers were reported to have downed tools in a dispute over pay.
EPD eyes LPG growth Enterprise Products Partners (EPD) has unveiled a further expansion of its LPG export terminal on the Houston Ship Channel.
FMR grabs ASL slice Fidelity Investments has made a rare excursion into the Asian offshore vessel market with a stake in ASL Marine.
Deiulemar ship freed A Deiulemar Shipping bulker arrested in Singapore has been released, the shipowner's liquidators have confirmed to TradeWinds.
Mississippi barge operators react to surplus grain production
Ship hits Jacksonville bridge, investigation ongoing Mathews Bridge, a major artery in downtown Jacksonville, Fla., sustained heavy damage Thursday afternoon when the Navy ship 1st Lt. Harry L. Martin struck the bridge near the center span. No injuries were reported.
Asian shippers question practicality of container weight rule The Asian Shippers' Council said an agreement last week by the IMO on mandatory verification of gross weight of containers is unworkable and was not done with what it called "proper representation" from shippers.
P&G expands use of GT Nexus
N.C. port authority enters wood pellet export business According to terms of the 20-year agreement, WoodFuels would finance and build a $25 million export facility at Morehead City to receive, store and load wood pellets for export to Europe as a renewable energy source.
Cold Train adds capacity Rail Logistics says it recently added 400 53-foot refrigerated containers to its express intermodal service from Washington state to the East Coast to support demand from food producers.
Kuehne + Nagel unveils European rail JV
Carriers make large art shipments
Teacher protests could interrupt cargo flows in Mexico
Weekly global market report A weekly price round up from bunkering hubs around the world.
Fluctuating fuel prices in the Americas Demand and avails were said to be good in Houston on Friday.
Sulphur restrictions will boost prices for ferries and cargo Price increases will have profound effect on freight traffic, however, hike in prices of goods will also ultimately affect consumers.
Mixed messages on LNG bunkering BIMCO head says its 'not an option' for most ships, while other speakers at IMO symposium see it as the future.
Prices show mix movments in Fujairah Good demand in Middle East hub.
Prices lack direction across Europe Rotterdam experiencing congestion.
IFO avails 'tight' in Mumbai Sources blame 'refinery issues'.
New shipping company in Seoul Includes bunkering among its activities.
Castrol maintains accurate approach on BN Asian container operator confirms that higher BN cylinder lubricants deliver more cost-effective control of liner corrosion.
LNG-fuelled fleet to reach over 1,000 Number should be reached in just over a decade, say consultants.
Fuel-saving technologies drive orders from Japanese yards 'We have earned a high reputation,' says chairman of Shipbuilders' Association of Japan.
Higher freight rates 'won't put an end to slow steaming' Pacific Basin boss also says benefits of 'eco designs' are diluted at slow speeds.
Curoil supplying off-shore Aruba 'Our barge will meet your vessel with the exact specification and quantity of fuel you need.'
Commission forms group to support sulphur directive New group has wide-ranging remit to push forward work on sulphur limits.
Bunker prices end week mixed in Asia Supplies of bunker material fine at major ports on Friday.
'No intention' to restructure CSC Phoenix, says Board Secretary But company is in negotiation with several creditors.
IACS supports 'evidence based' ship efficiency assessment Emission reduction measures will also bring fuel savings.
China's bonded bunker sales 'dropped' in 2012 Bunker sales fell against background of 'extremely depressed' shipping market'.
Interest in LNG-fuelled newbuilds from Chinese shipowners 14% of owners will build their vessels with LNG dual-fuel engines, says Chinese survey.
Adapting management to today's bunkering industry Today's shipping climate requires use of a four wheel drive corporate vehicle, says Marubeni spokesman.
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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