Euroseas orders its biggest vessels yet Owner orders two kamsarmaxes and buys first post-panamax for Euromar joint venture
Windfarms offer shipowners a chance to diversify into new vessel types The race for sustainable energy drives demand for ever-larger specialist tonnage
Tankers hit as US energy imports fall to lowest in more than 20 years January and February discharges on tankers into the US Atlantic coast drop by over 50% in last two years
Brett named editor of Containerisation International Free to read: Publication will lead an innovative programme of analytical content
MOL Comfort probe aims to make post-panamax containerships safer ClassNK will not be swayed by carrier's lawsuit against Mitsubishi Heavy Industries
CMA CGM halts further orders for the next three years French carrier absorbs its newbuildings and waits for approval for the P3 tie-up
Yangzijiang wins $815m bulker and containership orders in March Price for Seaspan's 10,000 teu options recovered to $93m
Quintana launches $100m IPO in New York Energy investor-backed dry bulk specialist will use the funds to add five newbuildings
Höegh LNG files for New York IPO Master limited partnership expected to own Höegh's interests in three FSRUs
Why Ahrenkiel Steamship launch could trigger German consolidation Banks will favour bigger units that bring economies of scale, argues Baack
State aid and tonnage tax transform European shipping Oxford Economics says maritime activities contribute €145bn to the EU economies
Aronnax: Ship technology under the microscope A weekly column on demystifying smart operations and future-proofing shipping
Höegh LNG Holdings plans IPO for FSRUs Höegh LNG Holdings says it has made a submission to the Securities and Exchanges Commission (SEC) in the US to float its FSRU business in New York
Three dead after car carrier accident The search was continuing today for two crew members from a Spanish fishing boat who went missing after their vessel was in collision with the Singapore-flagged car carrier Baltic Breeze off the port of Vigo in northwest Spain early yesterday
Rice tax hurts Nigerian ports Nigeria's 110% duty on rice imports has resulted in 600,000 tonnes of goods being diverted to neighbouring countries, according to the chair of the Seaport Terminal Operators Association of Nigeria (STOAN)
US warns on Libya port security Vessels calling at Libyan ports should increase security measures to help expedite entry into American ports, the US Coast Guard (USCG) has advised
Earthquake temporarily closes ports Multiple Chilean ports are closed for inspection after an earthquake occurred off the country's coast on 1 April
Euroseas adds eco bulker pair NASDAQ-listed Euroseas has ordered more two fuel-efficient dry bulk newbuildings as its confidence on cycle timing increases
Genco debt negotiations extended The clock has not yet run out for Peter Georgiopoulos-chaired Genco, which now has until 4 April to seal an agreement with lenders
Scanship goes for IPO Scanship Holding ASA, the Norwegian waste-processing and water-purification specialist, says it has resolved to launch an initial public offering
Ahrenkiel bought by German companies Hamburg ship management companies MPC Steamship and Thien & Heyenga have taken over struggling shipowner Ahrenkiel with its fleet of 24 vessels
Dutch Vroon acquires Italy's Petrolmar Diversified Dutch shipping group Vroon has acquired Genoa-based Italian small tanker operator Petrolmar
APM, China Shipping in talks for new projects AP Moller-Maersk Group and China Shipping (Group) met today for a formal signing ceremony to discuss new terminal projects and a possible joint venture
Yangzijiang secures 18 orders Singapore-listed Chinese shipbuilder Yangzijiang Shipbuilding said today it has secured 18 newbuilding orders in March
China iron ore stockpile increases Iron ore inventories at China's 25 major seaports rose by 1.17M tonnes to 107.03M tonnes, according to the Xinhua-China Iron Ore Price Index yesterday
Adani's Queensland coal port gets productivity lift A refurbished 1,250 tonne coal shiploader for Adani Mining is in place at Australia's Abbot Point coal port, SAL Heavy Lift announced yesterday
Indonesia increases share in Freeport The Indonesian government and PT Freeport Indonesia has reached agreement in seven points of renegotiation; no later than 2021, the Indonesian government's share will increase to 20%
Trucking Capacity Constraints 'Unprecedented' FTR's Trucking Conditions Index fell to a reading of 7.54 in February. Full-size image FTR Associates' Trucking Conditions Index for February, published in the April issue of Trucking Update, fell to a reading of 7.54, down slightly from 8.82 in the previous month, but continuing to reflect a positive environment for trucking...
Congestion Threatens Growth of Southern California Ports, Trucking Leader Warns LONG BEACH, Calif. - Long truck lines and excessive delays at marine terminal threaten present and future growth at the Southern California ports, a trucking association official said today at the annual Pulse of the Ports meeting in Long Beach. "Truck turn times are the single biggest competitive issue facing the...
Global Air Cargo Traffic Extends Recovery Global air freight traffic grew 2.9 percent in February from a year ago, extending and strengthening the recovery that began in the second half of 2013, the International Air Transport Association reported. The increase, following growth of 4.5 percent in January, has boosted demand by 3.6 percent in the first two...
STB to Review Contentious Railcar Pricing Metric WASHINGTON - The U.S. Surface Transportation said today it believes it's time to review a contentious metric used by the agency to rule on pricing challenges brought by shippers against railroads. The rail regulatory agency is seeking comment from the industry ahead of a hearing that will examine the rail revenue...
Werner Enterprises Named 2014 NASSTRAC Carrier of the Year OMAHA, Neb.--(BUSINESS WIRE)--Apr. 1, 2014-- Werner Enterprises (NASDAQ: WERN), a premier transportation and logistics provider, has been named the 2014 NASSTRAC Carrier of the Year in the National Truckload category. NASSTRAC, also known as the National Shippers Strategic Transportation Council, is a trade association that has provided education, advocacy, connections...
Puerto Caacupe-mi is the first port in Paraguay and South America to select both Navis N4 and Kalmar SmartPort Kalmar and Navis, both part of Cargotec, today announced at Intermodal South America that Puerto Caacupe-mi in Paraguay has chosen Navis' N4 terminal operating system (TOS) and Kalmar's SmartPort process automation solutions for its Asuncion and Pilar facilities. The order has been booked into Cargotec's 2014 first quarter order intake. Puerto...
CEVA names Larry Humble as Vice President, Business Development, Technology sector in the Americas Houston, USA, 1 April, 2014 - CEVA Logistics, one of the world's leading supply chain management companies, today announced that Larry Humble has been appointed Vice President, Business Development, for the Technology sector in the Americas, where he will build upon the strong foundation CEVA has established in this sector. Humble joined...
Japan's Kyowa Shipping Expands Fleet with MAGNUM PLUS Reefers Brussels, Belgium, April 02, 2014 - Kyowa Shipping, a leading Japanese service provider in ocean transportation, recently expanded its refrigerated fleet with 25 MAGNUM PLUSTM container refrigeration units from Thermo King, a manufacturer of transport temperature control solutions for a variety of mobile applications and a brand of Ingersoll Rand. Kyowa Shipping chose the Thermo King...
SCI Announces Silver Bell Honorees The Seamen's Church Institute (SCI) announces the recipients of awards it will confer at its 37th Annual Silver Bell Awards Dinner in New York City on Thursday, June 5, 2014. SCI presents the Silver Bell Award, in recognition of outstanding leadership in the maritime community, to Orrin H. Ingram, President...
EPA presents Clean Air Excellence Award to Port of Seattle SEATTLE-The U.S. Environmental Protection Agency (EPA) presented the Port of Seattle with a 2014 Clean Air Excellence Award today in recognition of its Seaport Air Quality Program. Eight other initiatives and one individual were also given awards, which recognize innovative programs that protect Americans' health and the environment, educate the...
Celadon Sells Truck Leases for $53 Million Celadon Group plans to reduce its debt by getting out of the truck financing business, selling the leases and assets of about 600 tractors in service with its owner-operators to Element Financial Corp. for approximately $53 million. Outsourcing its leasing business to Element Financial - which will also provide ongoing financing...
US Intermodal Rates Continue to Surge Rates have climbed 6.7 percent since the beginning of 2014. Full-size image An index of 36 major U.S. intermodal lanes climbed 1.9 percent or $40 from the week before to $2,166 in the week of March 31, the eleventh weekly increase in the fourteen weeks of 2014 so far, according to data...
Drayage: Historically, Not an Easy Job South Street, New York City, circa 1901. From the Detroit Publishing Company Photograph Collection of the Library of Congress If you think drayage is a tough job today, imagine doing it with horses. A hundred years ago, the horse was the primary power source for drayage operators in New York City, and the...
Drewry: Asia-US Rates Hit Lowest Level This Year Drewry Container Rate Benchmark, April 2, 2014. Full-size image The Drewry benchmark rate for shipping from Hong Kong to Los Angeles fell $50 to $1,836 per 40-foot container in the week of April 2, its lowest level in the last 14 weeks. The current Hong Kong-to-Los Angeles rate is down 26.6 percent or...
US House Asks GAO to Investigate Studies Justifying HOS Rules WASHINGTON - Two U.S. House leaders earlier this week asked the congressional watchdog to investigate two studies used to justify changes to hours of service rules for truck drivers, the latest sign the industry isn't giving up its fight against the regulations. House Transportation and Infrastructure Committee Chair Bill Shuster said...
Chassis Pool Getting a Closer Look at NY-NJ NEWPORT, R.I. - With a shortage of chassis a major contributor to gridlock at the Port of New York and New Jersey this winter, the idea of a portwide chassis pool is gaining traction as one possible element in an overall solution to the port's growing congestion issues. "The big issue...
Companies Urged to 'Keep Pressure On' for Trade NEWPORT, R.I. - Companies must "keep the pressure on" for congressional passage of pro-trade legislation, said Jonathan Gold, vice president, supply chain and customs policy, at the National Retail Federation. With November midterm elections fast approaching, Congress is unlikely to vote on more than one trade bill this year, Gold told...
Maersk Pens Container Terminal Deal With China Shipping Maersk Group signed an agreement with China Shipping paving the way for negotiations on further collaboration on new container terminal projects and the establishment of joint ventures with its port arm, APM Terminals. The signing ceremony in the Royal Palace in Brussels was attended by the president of China, Xi Jinping,...
US House Approves Bill to Reform FMC, Aid Merchant Marine WASHINGTON - The U.S House yesterday unanimously approved legislation aimed at reforming the Federal Maritime Commission and require the Maritime Administration to create a National Maritime Strategy. If similar language within the bill is passed by the Senate and signed into law by President Obama, FMC commissioners would only serve more...
Smartphone App Targets NY-NJ Drayage Delays A smartphone application that allows truckers to confirm container availability, vessel schedules and other information is being introduced at two container terminals in the Port of New York and New Jersey. Versiant's Lynx Mobile app was rolled out at Maher Terminals and is on track for implementation at Global Terminals, said...
Panamaxes suffer slump Panamax bulkers are suffering from severe drops in rates across several markets, with the Atlantic basin paying close to breakeven, shipbroker Fearnleys said today.
Groundhog Day's life aquatic An opposition lawmaker has blasted US President Barack Obama's proposed budget for dredging in ports and shipping channels.
Korean STNG sealed Scorpio Tankers has officially closed a $429.6m financing led by the Korean Export Import Bank (Kexim) supporting construction of 18 products tankers in South Korea.
US warns on Libya The US Coast Guard has warned the shipping industry to take special precautions during port calls in Libya.
Quake closes Chile ports Several ports across northern Chile are closed a day after a powerful earthquake struck off the country's coast.
Morning Glory crew freed The Asian and African seafarers from the controversial tanker Morning Glory are to head home from Libya.
Euroseas inks YZJ duo Euroseas has swooped for a pair of eco kamsarmax bulkers at Jiangsu Yangzijiang Shipbuilding and delved into the second hand market for a boxship.
YZJ to top forecast DMG & Partners has raised its 2014 order outlook on Yangzijiang Shipbuilding (YZJ) after the Chinese company revealed a huge batch of contracts that has taken its orderbook back towards pre-crisis levels.
Genco buys more time Genco Shipping & Trading has won an extension for loan waivers as talks continue on restructuring its debt.
Hamburg Sud dips Revenue down for 2013 as German line pledges to pass on higher costs to customers.
ICG gets early bonus Irish Continental Group (ICG) has received early repayment for a 2,500-passenger ferry sold over three years ago.
SCF hits back Russian state shipping group Sovcomflot (SCF) has expressed surprise at ratings agency Moody's putting it under review for a downgrade following political strife in Ukraine.
Fred Olsen exits tankers Fred Olsen has confirmed its exit from the tanker sector after offloading a suezmax TradeWinds tipped to be sold a month ago.
HSH rejigs EUR 400m loan German lender HSH Nordbank has refinanced loans worth EUR 400m ($551m) as part of the takeover of CF Ahrenkiel by MPC and Thien & Heyenga (T&H).
NorSea buys Danbor Wilh Wilhelmsen Holding-controlled NorSea Group (NSG) has snapped up oil and gas services company Danbor from AP Moller-Maersk.
POSH closes on IPO Robert Kuok's PACC Offshore Services Holdings (POSH) is a step closer to its planned IPO on the Singapore Stock Exchange.
SBIC IPO by 2015 Vietnam's restructured state yard group Shipbuilding Industry Corporation (SBIC) is set for a 2015 IPO, according to chairman Nguyen Ngoc Su.
Port pact for Maersk, CSG AP Moller-Maersk and China Shipping Group (CSG) have agreed to expand talks on new terminal projects in Europe.
Varun wins new licence India's maritime regulator has granted an interim licence to loss-making Varun Shipping to operate domestically flagged ships.
Crewman denies murder A Chinese seafarer has denied stabbing a colleague and throwing him from a Sinotrans bulker off Australia.
Hammonia loss widens Hamburg-listed boxship owner has been hit by impairment charges for its pooled vessels, worsening its loss for 2013.
Hoegh LNG files MLP IPO Hoegh LNG Partners has filed a draft registration statement for an IPO in the US of shares in the master limited partnership (MLP).
YZJ adds 18 newbuilds Yangzijiang Shipbuilding has secured orders for a further 18 newbuildings during March worth $815m, it said Wednesday.
MPA in bunker clampdown Coteam Petroleum Trading has had bunker supplier and bunker craft operator licences cancelled by Singapore authorities.
With 'Strategy 2020,' DHL turns gaze to new markets Officials at DHL are pushing for 8-percent annual earnings growth between now and 2020, spurred on partly by a 3-percent yearly growth goal in its mail business, according to the company's "Strategy 2020" projections.
Singapore commission targets price-fixing conspiracy Eleven freight-forwarding companies and their Singapore subsidiaries have conspired to fix surcharges for shipments between Japan and Singapore, the Competition Commission of Singapore has found.
Outlook positive for multipurpose shipping The multipurpose, or breakbulk, shipping sector should see better times following a tough 2013, according to the London-based consultant Drewry.
Hamburg Süd: No sustained recovery in 2014 Hamburg Süd said it did well in 2013 "under difficult business conditions," and "subdued market growth and operational problems in the vastly overstretched ports in Brazil," but it does not foresee a sustained recovery in 2014.
Drewry: Container shipping in 'extended down cycle'
APM Terminals signs pact with China Shipping A.P. Moller - Maersk Group and China Shipping (Group) have signed an agreement that they said paves the way for new discussions on more collaboration and joint ventures.
Jamaica signs agreement on new transshipment port
Port of Seattle continues low-sulfur fuel incentive
More U.S. agencies agree to intel-sharing on import compliance
Mid-week prices mainly soft in Fujairah No avails in Cape Town.
Mixed price outlook across Europe But IFO prices up in Rotterdam.
Study: LNG offers quick ROI, huge annual savings Project rates fuel as highly attractive for Canada's marine sector.
Fuel quality concerns attract attention at IMO MEPC 66 debates proposals to control quality of marine fuels prior to delivery to ship.
Chile: Tsunami threat hits ports Northern ports close temporarily.
HFO quality issues may stabilise from 2015 Problems blamed on blending HFOs to meet sulphur limits may ease as market moves to distillates for ECA compliance, but distillate quality could deteriorate.
BP closes Australian refinery Plant cannot beat Asian competition.
Bunker prices ease across Asia Shipowners in Busan seen holding back on purchases.
Seattle ups reward for using low sulphur bunkers Move to encourage early take up of new ECA limits.
Bio diesel fine for engines, tests show Trial finds no difference between bio and low sulphur material.
New staff at Glander International Bunker and lubricant broker & trader appointed at Florida office.
Engines selected for LNG-hybrid barge Barge due to enter operations this year.
Saudi firm receives final 'eco-friendly' bulker in series Vessel has been built by a Japanese shipyard, says Bahri.
Lower fuel prices 'only positive support' for boxship owner Freight rates remain under pressure.
Vroon buys Italian bunker player Ownership transfer completed.
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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