Costamare files for partnership IPO Container-ship lessor Costamare Partners LP has filed a registration for an initial public offering (IPO) of
Enterprise to buy Oiltanking US pipeline and terminal operator Enterprise Products Partners (EPP) is buying one of its biggest business partners in a two-part deal for $6Bn. The first step in EPP's acquisition of Houston-based Oiltanking Partners, announced on 1 October, was comprised of the payment of $4.41Bn in cash and
Barkmeijer Stroobos wins Dredger order Dutch shipbuilder Barkmeijer Stroobos has won an order for a suction hopper dredger from domestic shipowner
Sewol passengers kept aboard, court hears The captain of the ferry Sewol, Lee Jun-Seok, has been accused in court of ordering crew members to make the
NYK to reduce bulker fleet Nippon Yusen Kaisha (NYK) president Yasumi Kudo has indicated that the dry bulk market still faces challenges
Renewed search for MH370 gets under way The search for missing Malaysian Airlines flight MH370 is set to continue, the Australian Transport Safety
Sewol bill breakthrough clears parliamentary backlog After more than two months, South Korean lawmakers have finally compromised on the Sewol bill.
Four Chinese shipping lines granted subsidies worth $293M Four Chinese shipping lines have been granted subsidies worth CNY1.8Bn ($293M) by the Chinese government to
Yinson incorporates three subsidiaries Malaysia-listed offshore services provider Yinson Holdings has incorporated three wholly owned subsidiaries
Samsung Engineering-SHI merger synergetic Samsung HI's (SHI) production capabilities and Samsung Engineering's design capability would create a
JES International sues Chinese businessman Singapore-listed Chinese shipbuilder JES International is suing a Chinese businessman for breaching a
Rebound in Iran LPG exports Iran has managed to increase its LPG exports despite continuing sanctions that preclude it from selling LPG
Nam Cheong benefits from oil price volatility Singapore listed offshore services provider Nam Cheong has benefited from the oil price volatility, according
Swissco completes rigs acquisition Singapore-listed integrated marine services provider, Swissco Holdings, has completed the acquisition of four
Indonesian coal exports hit as mining licences revoked As much as 9M tonnes of Indonesian coal exports could be lost every month from now until year-end as
Marine Financing Centre gets underway in Busan Government-led ship financing services in South Korea have been consolidated in the port city of Busan since
Vale-China tie positive for iron ore imports Brazilian miner Vale's efforts at securing collaborative deals with Chinese state-owned companies are positive for China's iron ore imports, a drybulk consultancy has said. Commodore Research noted that the collaboration was first evident when the Chinese government agreed to provide Vale with
Port Everglades August volume rise on double-digit basis Florida's fastest-growing port saw double-digit volume gains in August, led by a nearly 30 percent increase in exports. Container throughput year-to-date at Port Everglades totaled 689,363 TEUs, 10.8 percent more compared to a year ago. August throughput at Port Everglades was up 23.3 percent compared to the same month of 2013....
Port congestion: 'You get what you pay for' Low ocean carrier rates are to blame for much of the congestion afflicting U.S. container ports, several ocean carriers and terminal operators said at a Federal Maritime Commission hearing this week. "With expenses outpacing depressed rates, the margins are not large enough for people to be nice guys and do the...
Fleet Telematics Use in the Americas forecast to double by 2018 The use of commercial fleet management or telematics systems in North America is expected to increase at a 15.3 percent compound annual growth rate over the next four years, as tighter trucking regulations in the U.S. drive adoption of technology, Berg Insight said today. The fleet management technology industry will also...
Con-way Truckload increases tuition benefit in bid for new truck drivers Want to be a truck driver? Con-way Truckload is willing to help pay your way. The company is doubling the amount of tuition support it offers new drivers enrolled in training programs. As competition for experienced drivers intensifies, companies such as Con-way increasingly are willing to foot the bill to get...
Home Depot opens second fulfillment center dedicated to e-commerce Home Depot is expanding its brick-and-mortar infrastructure to support growing online sales. The $78.8 billion retailer, No. 3 in the JOC's ranking of the Top 100 U.S. Importers, on Thursday opened the second of three massive distribution centers dedicated to e-commerce sales. The 858,953-square-foot direct fulfillment center in Perris, California, follows a...
Drewry: Spot rates from Asia to Europe cut nearly in half WCI's latest spot rate from Shanghai to Rotterdam pushes year-to-date rates 45 percent lower compared to a year ago. Full-size image Spot rates from Asia to northern Europe in 2014 are nearly half of what they were a year ago, according to the World Container Index. WCI's latest spot rate from Shanghai to...
Breaking the Logjam: How a Public-Private Partnership Aims to End Long Truck Queues at Marine Terminal Gates Approximately 45% of the nation's imports pass through the gateways of Los Angeles and Long Beach with container volumes forecasted to more than triple between now and 2035. The Freight Advanced Traveler Information System (FRATIS) project is one effort underway to find solutions that will support port growth while improving...
US-Mexico truck pilot opponents rally as program winds down The U.S. federal government won't tell Congress until later this month the results of a controversial pilot program tracking Mexican trucking companies hauling goods across the border, but opponents are already railing against continuing or expanding the initiative. The Owner-Operator Independent Driver Association said the three-year pilot failed to include enough...
FMC using website to advise of OTI changes The Federal Maritime Commission has put into effect a new rule allowing the commission to use its website instead of the Federal Register to provide public notice when it revokes or suspends the licenses of ocean transportation intermediaries. The FMC said July 24 that the new rule would take effect Sept....
Will the FMC weigh in on port congestion? Two Federal Maritime Commission members said they're keeping an open mind on how the FMC should respond to U.S. port congestion issues the commission is highlighting in a series of regional public hearings. Commissioners William Doyle and Richard Lidinsky told JOC.com that the hearings may lead to a formal FMC fact-finding...
Diego Aponte succeeds father as head of MSC Diego Aponte, MSC's new president and CEO.Mediterranean Shipping Co today announced the appointment of Diego Aponte as President and CEO of the world's second largest ocean carrier. Diego Aponte, who was previously vice president of MSC, is taking over from his father Gianluigi, who founded the Geneva-based carrier with a single...
Carnival slashes bunker bill Carnival Corp's campaign to cut fuel costs while reducing its carbon footprint appears to be bearing fruit.
Rally on the horizon? A growing number of industry forecasters are confident that the tanker market is going to gain momentum in the months ahead.
Canaccord endorses LPG Canaccord Genuity has joined the growing list of investment banks that are taking aim at the LPG segment.
Police foil Marinakis attack Greek authorities have detained a suspect who was likely planning attacks against the Union of Greek Shipowners and Capital Product Partners chairman Evangelos Marinakis.
K Line sheds panamax Japanese giant K Line has trimmed its dry cargo fleet with the sale of a panamax bulker to a Greek owner, brokers say.
Grandweld adds duo Dubai shipbuilder Grandweld is to build two crew boats for Fujairah National Shipping Agency (FNSA).
Profitable quartet moving Costamare is selling ships to its planned MLP spin-off that accounted for around one fifth of its first half profit.
TSA changes tack The Transpacific Stabilization Agreement (TSA) discussion group of 15 container lines is changing its stance on rate rises in preparation for the latest round of contract negotiations.
Siem sells reefer Norway's Siem Shipping Inc (SSI) said on Thursday it had sold one of its elderly reefers at a loss.
Costamare plans MLP IPO Costamare is the latest shipowner looking to list an MLP on the New York Stock Exchange.
Ahrenkiel moves fleet New German shipmanager Ahrenkiel Steamship is moving its entire containership fleet to class giant DNV GL.
Canadian cash for Genmar Peter Georgiopoulos's Genmar looks to have secured a strong charter on an emerging aframax trade out of Canada.
Pan Ocean puts itself up for sale Restructured South Korean shipowner Pan Ocean is putting itself up for auction in a deal that could see it sold for up to $660m.
Stolt on the mark Stolt-Nielsen remains concerned about the chemical tanker market after hitting third quarter earnings expectations on the nose.
Subsea 7 heads south Oslo-listed Subsea 7 is sending a pipe-laying vessel to Ivory Coast for installation work next year.
$100m for Siem Norway's Siem Shipping Inc (SSI) has refinanced an ABM AMRO loan by bringing in Credit Suisse on a new deal.
Norskan notches charter Norskan Offshore has sealed a new charter for an elderly platform supply ship (PSV) in Brazil.
Two for CSC Azerbaijan's Caspian Shipping Company (CSC) has kickstarted the renewal of its fleet with two ship purchases.
Navig8 delays eight Navig8 Product Tankers is set to delay the delivery of a series of LR2 tankers under construction in China.
EPD snaps up OILT Enterprise Products Partners (EPD) has launched a $6bn takeover of Houston-based Oiltanking Partners.
GasLog sell-off overdone Shares in LNG shipowner GasLog look to have been unfairly sold-off according to a leading US investment bank.
Regina fills a gap A Danish ferry operator is to launch a new ro-ro service to England after DFDS dropped the route.
Engineer cops plea A leading US law firm has emerged victorious in a legal battle linked to the detention of a chief engineer who was accused of discharging fuel and contaminated seawater into the ocean.
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