D'Amico orders two product tankers for $36.6m apiece Italian owner focuses on its newbuilding strategy
Angelicoussis poised to buy Daewoo VLCC for $84m Greek owner set to take Blue Jade amid simmering VLCC interest
Congressman moves to lift the US ban on crude exports A new act could create a new tanker trade at a time when energy security is under scrutiny
London Gateway: quay wall works part of development programme Work set to take 20 months to complete but will not disrupt operations
China Shipping Development projects up to $9.7m profit for first quarter Tanker and dry bulk outfit cites market recovery and cost-control efforts
Saadé to address Containerisation International conference in Hamburg Free to read: CMA CGM group chief executive confirmed to speak at Global Liner Shipping next week
China Merchants Energy Shipping scraps 21-year-old VLCC for $13m It is not clear whether Liberia-flagged New Vitality will benefit from Beijing cash subsidy
Iskenderun says its urban location secured new Arkas Line calls Port is well placed to handle cargo for southern Turkey's fast-growing cities
FMC clears G6 amendment Alliance can expand its transpacific and north Europe-US co-operation
Capesize market stable as Australia-China demand holds Market buoyed up by higher Chinese steel exports to Asia
Stolt-Nielsen disappointed by its first-quarter profits But despite a drop in tanker-fleet utilisation, owner says the outlook is positive
ACL to keep Liverpool calls for newbuildings that arrive next year Jobs boost for Merseyside as carrier also concentrates all back office work in city
Idan Ofer seeks $200m ahead of possible US listing for Quantum Private raise will fund five tanker newbuildings and a secondhand purchase
Asian and Gulf banks on the rise in ship finance Standard Chartered's Anton predicts increased activity from Far East and Middle East
US approves G6 expansion American regulators have voted to allow the container ship operators of the G6 Alliance to expand their vessel-sharing agreement into the US trades
Vessels collide off Pattaya, Thailand Two bulk carriers collided off Pattaya, Thailand, on 30 March 2014
China vessel exports down 7% year-on-year in Jan-Feb China's vessel exports fell by 7% year-on-year to $4.4Bn in the first two months of 2014, with imports falling by half to $130M during the same period
Bumi Armada wins its biggest FPSO deal Malaysian offshore oilfield services provider Bumi Armada has won its biggest floating production, storage and offloading contract to date
Passenger Planes At Risk From E-Commerce Air Cargo, Experts Say HONG KONG -- Supply chain security is being threatened by the fast growing e-commerce market, which is generating huge volumes of cargo from "casual" shippers that have no trading history with express operators and airlines. The belly cargo holds of scheduled passenger aircraft in Asia are heavily used by the airlines...
Mexican Shipper Voices Opposition to Major Rail Overhaul One of the largest Mexican rail shippers said it supports more regulation of the country's three major railroads but is against a proposal being debated in Mexico City that would require the country's two rail concession holders to share their lines with third parties. The unidentified major shipper's stance bodes well...
Infrastructure Key in Battle for Discretionary Cargo In the battle between West Coast and East Coast ports for discretionary cargo, it is becoming clear that the winners will be those ports with the best waterside and landside infrastructure. Ports on both coasts continue to invest in harbor dredging, on-dock rail, marine terminal automation and programs designed to reduce...
Singapore Targets 11 Forwarders in Air Cargo Price-Fixing Probe DHL Global Forwarding, named on April 1 by Singapore's competition watchdog as one of 11 forwarders involved in 2002 to 2007 price-fixing of Japan to Singapore shipments, said the economic effects of its activities were "minimal." A DHL spokesman told the JOC it would be granted immunity from fines and prosecution...
Carriers Facing Tough Trans-Pacific Contract Negotiations NEWPORT, R.I. - With overcapacity in the trans-Pacific likely at least until 2016, carriers are facing a tough time in eastbound negotiations for service contracts that renew on May 1. Carrier executives speaking off the record in recent weeks say they are having a tough time maintaining last year's rate levels...
Kuehne + Nagel expands LCL activities Schindellegi / CH, April 02, 2014 - Kuehne + Nagel has expanded its less-than-container-load (LCL) offering with a new hub in Busan, South Korea, reefer services from Europe to Australia and an Eco-Cargo initiative. With LCL operations in more than 100 countries, this service spans theentire Kuehne + Nagel global network...
OnTrac Announces Boise Grand Opening With Ribbon Cutting BOISE, Idaho, April 2, 2014 (GLOBE NEWSWIRE) -- OnTrac, the leader in regional overnight package delivery service in the eight Western States, is celebrating its one year anniversary of opening service to Idaho. This morning, with the Boise Chamber of Commerce, OnTrac hosted a Ribbon Cutting and Open House in...
C.H. Robinson Recognized for Workplace Giving Campaign EDEN PRAIRIE, MN (April 3, 2014) - Once again identified as a leader in the local community, C.H. Robinson received the Community Impact Award in the Workplace Giving Campaign category from Minnesota Business magazine. The honor recognizes a successful volunteer or employee-giving campaign benefiting any non-profit or other worthy organization. This is the second year in...
NY-NJ Port Groups to Report Next Week NEWPORT, R.I. - Working groups in a New York-New Jersey port performance task force are scheduled to report initial recommendations next week, providing a foundation for the task force's scheduled recommendations in June. John Nardi, president of the New York Shipping Association, and Dennis Lombardi, deputy director of the port authority's...
Deutsche Post Looks to Nearly Double Operating Profit by 2020 On panel at right: CEO Frank Appel.Deutsche Post forecast its operating profit will top €5 billion ($6.9 billion) by 2020, driven by double-digit growth at its core DHL logistics unit and an accelerating shift towards fast-growing emerging markets. "Our aspiration is to be the leading force in the logistics industry and...
Emerging Supply Chain Risks: Potential Damages and Mitigation Strategies According to a recent Zurich Insurance Group survey, 73% of organizations recorded at least one supply chain disruption in 2012, with unplanned IT or telecom outages the lead culprits. And, in 2012, global supply chain crime amounted to $21.5 billion in losses. As supply chain complexity increases, addressing all of the risks that make your...
FMC Votes to Allow G6 Expansion WASHINGTON - The U.S. Federal Maritime Commission yesterday unanimously voted to allow the G6 Alliance to expand into the Asia-U.S. West Coat and trans-Atlantic routes. U.S. approval will allow the carriers - APL, Hapag-Lloyd, Hyundai Merchant Marine, MOL, NYK and OOCL - to better compete with the massive vessel-sharing agreement sought...
Seeking Predictability, Retailers Press for ILWU Deal NEWPORT, R.I. - Retailers are stepping up their criticism of management and labor in the upcoming West Coast longshore negotiations, saying they should give shippers the predictability they are looking for by using the time between now and the June 30th contract expiration to get a deal done. They are responding...
Genco Chapter 11-bound Genco Shipping & Trading has struck a restructuring deal with creditors that will see it file for US bankruptcy protection.
Dry index drops 3% The Baltic Dry Index (BDI) staged its eighth straight day of declines, with struggling panamaxes leading the drop.
Record grain by the box Containerised grain exports from the US reached record levels in 2013, but the US Department of Agriculture (USDA) sees challenges ahead this year.
Pay shrinks at Cal Dive Total compensation has dipped for executives at Cal Dive International, the Houston dive-support vessel (DSV) operator.
d'Amico adds two Italian shipowner d'Amico International Shipping (DIS) has returned to Korea for a pair of eco design newbuildings.
NG Moundreas takes two Greek owner NG Moundreas has stepped into the sale and purchase market for a pair of Chinese-built capesize bulkers.
Grieg nets better returns Shipping and salmon helped Norway's Grieg Group return to the black in 2013.
New boss at IHC Merwede Netherlands-based shipbuilder IHC Merwede has promoted its veteran chief operating officer to the top job.
Kaalbye denies arms shipping Kaalbye Shipping International has rubbished media reports linking it to military cargo shipments to Syria.
Pac Radiance set fair Pacific Radiance's latest charter deal has revealed the strength of the South East Asian offshore market, analysts say.
Geden loses GOA OK fight A dispute over a GOA OK provision in relation to a three year hire deal for a supramax bulker has been resolved in favour of the head charterer.
Boost from Beijing A new Chinese stimulus package has been branded a wonderful development for the dry cargo market.
Greek bulker holed A Greek bulker has been severely damaged in a collision with a Marfin vessel off Thailand.
Wisdom curtailed Taiwanese bulker owner Wisdom Marine has seen its 2013 profit eroded by higher costs.
CSDC on the rebound China Shipping Development Co (CSDC) is expecting to return to profit in the first quarter after markets improved.
Stolt-Nielsen disappointed Stolt-Nielsen has branded its own results disappointing after recording a weaker than expected first quarter.
Siem moves for SNCM Norwegian reefer owner Siem Shipping is in talks to acquire troubled French ro-pax group SNCM.
Losses on the cards Analysts are predicting first quarter losses for Hanjin Shipping and HMM.
MR double for Uljanik Croatia's Uljanik Shipyard has announced a deal to build two MR tankers for a domestic owner.
GPRT scraps boxship Goldenport Holdings has sold another of its elderly containerships for scrap, the company confirmed Thursday.
Five for Oka Russia's Okskaya Shipyard (Oka) is building a series of small river-sea tankers for an unnamed owner.
FMC clears G6 plans The US has approved the G6 Alliance's planned service expansion to the Asia-North America West Coast and Trans-Atlantic trade lanes.
Swiber eyes fundraiser Swiber Holdings is said to be looking to offer a short-term bond to possibly refinance bond issues maturing this year.
Virgin secures cruise cash Virgin Group is said to have secured most of the funding for two cruiseship newbuildings, according to industry analysts.
UPS fires workers over protest UPS has fired 20 workers in Queens, N.Y., and has notified 230 additional area employees of pending termination for walking off the job to protest due to the firing of a colleague, according to Teamsters Local 804.
US Air joins American's joint European venture US Airways has officially joined the trans-Atlantic joint venture among American Airlines, British Airways, Iberia and Finnair, marking yet another significant step toward the full integration of American and US Air.
Legislation could impact cargo for U.S. flag ships Requirements for U.S. exports to be carried on U.S. flag ships is the subject of legislation moving through Congress. On Tuesday, the House of Representatives unanimously approved The Coast Guard and Maritime Transportation Act of 2014.
EPA honors Port of Seattle for air quality effort
Korea ship classification society releases IMO app Korean Register has released a new mobile app based on KR-CON software, an international database program with all International Maritime Commission conventions, codes, resolutions and circulars.
FMC allows G6 Alliance to expand scope
CSX opens intermodal hub in Fla.
European retail group migrates to GT Nexus platform
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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