CMA CGM and Adani Ports sign joint venture to develop Mundra terminal Carrier makes first Indian port investment with 50% share in 1.3m teu venture
Asia-Europe carriers look for peak-season boost as GRI takes effect Spot rates jump to highest levels since February
Week on Wall Street | July 4 From courting valuation views to selling soccer to the next generation
Hafnia Tankers appoints finance chief Young Danish company is making waves in the product tanker market
IACS is on track to strengthen larger boxships Class societies reject common structural rules but will adopt new requirements by year-end
Euronav expects a very busy July as new VLCCs join fleet Six of the 15 vessels bought from Maersk will join the company this month
LOF salvage contracts sinking fast Alternatives find favour amid perception that century-old form's awards are too high
Suezmax crude tankers ' the surprise pick for investors Next few years could bring growing interest in this segment
Court upholds Nikitin appeal against Novoship Russian owner can keep $108m from contested charter deals to Sovcomflot firm
Arkas Line continues to upgrade its fleet Turkish carrier orders two 2,500 teu vessels from China's Zhejiang Ouhua
Playing the changes, BDP style Private logistics giant can teach its struggling shipping service partners a few lessons
Braemar hails early signs of improvement in shipping markets Dry cargo performance stood out for broker
Regulators agree to strengthen SOx enforcement North European port states collaborate informally on emission monitoring
Capesizes - a handful of bulls but no stampede Prices on the major routes fall back after Vale loading speculation boosts interest
China Merchants Energy Shipping sells bulker in recycling deal State carrier scraps 1993-built, 73,630 dwt ship for $3m
CNOOC-led consortiums book LNG tankers for BG project BG quits as owner but will charter the four 174,000 cu m vessels to ship gas from Queensland Curtis plant to China
Two-thirds of German owners planning to buy ships Confidence in recovery growing, PwC survey finds
Cexim and Kexim jointly back Minsheng's 18,400 teu boxships Deal for $295m is Chinese and South Korean policy banks' first co-operation on financing
NYK's gas bunkering vessel order includes second ship and $100m pricetag Deal with Hanjin Heavy Industries is part of plan to supply LNG as fuel globally
Playing by the rules Lloyd's List offers a guide to the regulatory rush about to hit shipping
Korea Line chooses Yangfan for Ultramaxes South Korean shipowner Korea Line has chosen Chinese shipbuilder Yangfan Group for its order of up to four Ultramax bulkers. The order is understood to be two firm 64,000dwt vessels and two options, with delivery scheduled towards the middle of 2016. Korea Line requires the newbuildings to renew
Jiangsu Hantong secures Oldendorff options Chinese shipyard Jiangsu Hantong Ship Heavy Industry has secured an order for two Newcastlemax options from German owner Oldendorff Carriers. The two 208,000dwt vessels are scheduled for delivery in September and November 2016. The original order was placed by the Lubeck-based owner towards the end
Yangfan Group wins another four PZM Handies Chinese shipbuilder Yangfan Group has won another order of four Handysize bulkers from returning Polish shipowner Polska Zegluga Morska (PZM). The four 38,500dwt Deltamarin 37-designed vessels are scheduled for delivery in 1H17 and bring the owner's total on order at the yard to 12. The first order
Remontowa secures three BC Ferries Polish shipyard Remontowa Shipbuilding has secured an order for three dual-fuel ro-pax ferries from Canadian owner BC Ferries at a total cost of about CAD165M ($155M). The three vessels will be a new design and a new intermediate-class with a capacity for 145 vehicles and 600 passengers. They are
Hudong-Zhonghua wins Teekay LNG quartet Hudong-Zhonghua Shipbuilding has won an order of four LNG carriers from NYSE-listed Teekay LNG Partners. The four 174,000m³ vessels will have an overall length of 290m and beam of 46.95m, with delivery scheduled for September 2017, January 2018, June 2018, and January 2019. They will transport LNG
China iron ore imports from Hedland dropped in June China's iron ore imports from Australia's Port Hedland amounted to 29.2M tonnes in June, compared with the record 29.9M tonnes in May, albeit a 27.5% year-on-year (y/y) increase, according to data released by the port authority yesterday. June also witnessed a slight drop of total shipments from
SE Asia piracy still threat, says Singapore Shipping Association chief The traditional threats of piracy still loom in region, but at the lower severity as compared to East coast of Africa and waters off West Africa, said the Singapore Shipping Association (SSA). Patrick Phoon, president of the SSA, said this yesterday during the 18th annual general meeting that
Hanjin Shipping outlook uncertain Although Hanjin Shipping has secured liquidity by selling assets and capital, its outlook is shrouded in uncertainty, said analysts today. Hanjin Shipping recently raised capital worth KRW400Bn ($397M) through a third-party allocation of new shares with the participation of Korean Air and secured
MES unit makes induction heater for containers Japanese shipbuilder Mitsui Engineering and Shipbuilding (MES) today said its subsidiary MES Power-Electronics Industry Co, has developed a compact induction heater that can be shipped in containers. Such heaters are designed for the automobile industry. The mid-tier range of such heaters can be
Seafarer seriously injured at Port Hedland A seafarer was seriously injured when his leg became tangled in rope during berthing of a bulk ore carrier in West Australia's Pilbara last week. The crew member was on board the Liberian-flagged Julia N at Port Hedland, which was berthing to load iron ore at around 15.30hrs local time on June 28
Vallianz enters three-year agreement with COOEC Singapore-listed offshore marine solutions provider Vallianz Holdings has signed a three-year collaboration agreement with China Offshore Oil Engineering Co (COOEC). Under the agreement, Vallianz will provide certain offshore support vessels, including submersible launch vessels, to support COOEC's
China Merchants Energy Shipping obtains $510M loan for 10 VLCCs Shanghai-listed China Merchants Energy Shipping (CMES) announced last Friday that it had obtained a $510M loan from China's EXIM Bank for financing the building of 10 VLCCs. The loan will pay for 60% of the total price of the 10 ships, and the duration of the loan is 10 years. CMES is building the
FPMC seeking VLCC Formosa Plastics Marine Corporation (FPMC), the shipping arm of Taiwanese petrochemical conglomerate Formosa Plastics Group, is seeking a VLCC for up to a year. Brokers told IHS Maritime that FPMC is inviting offers to take a VLCC for an initial six months, with options to extend the hire by four
Sapura Kencana deploys PLSV in Brazil Malaysia-listed SapuraKencana Petroleum and Bermuda-headquartered Seadrill have commenced operations of its first pipe-laying support vessel (PLSV), Sapura Diamante for Petrobras through their jointly owned entity Sapura Navegacao Maritima (SNM). SNM's contract with Petrobras is for over a period of
Two coast guards arrested over Sewol disaster Two Korea Coast Guard officials have been arrested over the Sewol ferry disaster. The Gwangju District Court said one officer, 43, is a centre leader of the Jindo Vessel Traffic Services Centre and the other officer, 39, is a CCTV footage administrator. The two men are suspected of failing to carry
CMES retires old Panamax China Merchants Energy Shipping (CMES) has taken the first step in its latest round of retiring old vessels by sending a Panamax bulker to scrapyard. CMES sold the 1993-built 73,630dwt Pacific Prospect to compatriot Dalian Shipbuilding Industry Ship Engineering (DSIC Ship Engineering) for about
China drybulk shipping prosperity down China's bulker operators revealed their business prosperity for drybulk shipping had fallen back to the levels prior to the rebound in 2H13. The drybulk shipping prosperity index dropped to 72.83 in 2Q14, well below the level reported for the third and fourth quarters in 2013, according to the
Little impact from Hurricane Arthur Hurricane Arthur appears to have had little impact on the U.S. transportation network, despite localized flooding and power outages. The storm weakened to Category 1 status and moved back out to sea after making landfall on the North Carolina barrier islands. As of 5:00 p.m. EDT on July 4, the storm...
Wal-Mart Canada buys trucking company, DC operator A Wal-Mart store in Canada.Wal-Mart Canada has purchased two privately held Canadian logistics firms, trucking company Translogic Express Dedicated Inc. (TEDI) and distribution center operator SCM, as part of its growth strategy, Canadian Shipper reports. Under the terms of the deals, which went into effect on July 1, Translogic Express...
SCFI: Asia rates to Europe, US rise Spot rates from Asia to Europe increased this week after several weeks of decline. Spot rates from Shanghai to Northern Europe rose to $1,416 per 20-foot container this week. Full-size image Spot rates to northern Europe rose to $1,416 in the week ending July 4, 28.0 percent or $310 higher than the previous...
ILA voices support for ILWU The International Longshoremen's Association, which represents dockworkers at U.S. East and Gulf Coast ports, yesterday wrote a letter of support to Robert McEllrath, president of the International Longshore and Warehouse Union, which is engaged in contract negotiations with West Coast employers. The letter from Harold Daggett, ILA president, warned employers and...
Nicaragua seeks to extend tariff preferences Nicaragua has always occupied a special place among CAFTA member states. It's the only CAFTA member to enjoy a Tariff Preference Level that allows apparel made of cotton and man-made fibers to enter the U.S. duty free under CAFTA preferences if that apparel is assembled in Nicaragua but the inputs...
CAFTA's 10-year existence sparks growth, diversification A decade after its signing, and five years after full implementation, the Central America Free Trade Agreement may not have transformed Central America into the powerhouse of textile and apparel trade forecast by some optimists, but it has facilitated significant growth in that sector of the region's economy, along with...
CMA CGM, Adani ink joint venture deal for Indian container terminal CMA CGM has teamed up with India's largest port company to build and operate a fourth container terminal at the port of Mundra. The French carrier's port arm, CMA Terminals, and Adani Ports and Special Economic Zone (APSEZ), plan to complete construction of the common user terminal, which will have an...
Ocean carrier rate revision roundup for July 4 Several container lines have planned general rate increases in multiple trade routes to take effect Aug. 1, although any gains achieved could be temporary as overcapacity and sluggish global demand continue. Drewry Maritime Research said in an hour-long forecasting webinar this week that the capacity situation that ocean carriers have faced...
Truck started ro-ro fire A fire hit a DFDS ferry off Denmark last year because of a faulty truck ignition system.
CMES scraps veteran China Merchants Energy Shipping (CMES) has continued its fleet clear-out by scrapping an elderly bulker.
ENVC sells ro-pax Greece's Thesarco Shipping has reportedly won the race to buy a long-delayed ro-pax built by Portuguese yard Estaleiros Navais de Viana do Castelo (ENVC).
Yard opens terminal Ukraine's Black Sea Shipyard has ventured into the ports business.
WWL wins terminal Wallenius Wilhelmsen Logistics (WWL) has won a deal to develop a ro-ro terminal in Melbourne.
Finnhansa for sale Finland's Finnlines has put a loss-making ro-ro up for sale as new emissions rules draw ever nearer.
No Diana double Rumours connecting Diana Shipping with a second capesize resale from an Oldendorff joint-venture appear to be wide of the mark.
"Dishonest" Nikitin keeps $108m Russia's Novoship will fight on in its battle to extract money from private shipowner Yuri Nikitin after losing part of an appeals hearing into its $169m fraud case in London.
Braemar performs better Braemar Shipping Services highlighted strong showings from its sale and purchase, offshore, dry cargo and gas divisions in what is likely to be its last update to the City before its merger with ACM.
KVH snaps up Videotel Marine satellite company KVH Industries has taken over crew training operation Videotel in a £28.7m ($48.9m) deal.
JES firms Congo deal JES International Holdings has completed the purchase of a majority stake in a forestry asset in the Republic of Congo.
Hudong inks LNG quartet Chinese shipbuilder Hudong-Zhonghua Shipbuilding (Group) has signed a long discussed quartet of LNG carrier newbuildings.
Technip wins Total deal Offshore group Technip has won what it calls a "large contract" for subsea operations off the Shetlands, UK.
Stolt's biggest worry Niels G Stolt-Nielsen believes a rising newbuilding orderbook is the largest threat to a cyclical recovery in the parcel tanker market.
OOCL guilty over Allan Hong Kong's OOCL has been found guilty of involuntary manslaughter 11 years after a top executive plunged to his death in a boxship lift-shaft.
Get out of the way! We take a look at what was said in the market over the past week.
BC Ferries picks Poland Canada's BC Ferries is heading to Poland for its latest newbuilding order.
PZM adds four bulkers Polish Steamship Co (PZM) has grown its series of handysizes on order in China to 12 ships.
Better year for USTC USTC Group, the Danish bunker trading to ship owning empire, has seen its full-year pre-tax profit double to $64m.
Seafarer's foot severed An Indian seafarer has had his foot severed during a towing operation at Australia's Port Hedland.
Hedland stays strong Port Hedland has reported a year-on-year increase in iron ore exports of 21% for the month of June.
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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