Haifa dockers strike for one day over port privatisation Labour court orders Israeli government and unions to hold talks over employment conditions
Mediterranean aframaxes stand out in a strong crude tanker market Earnings have risen as much as $3,200 in a day
Brokers report a flurry of demolition sales before the holidays But fluctuating currency rates and little change in lacklustre domestic steel markets keep breakers cautious
Asia to Europe volumes continue to impress Volumes in August increased once again, but analysts warn this is not reflected in economic data
CMA CGM adds Nhava Sheva call to African loop French line enhances Swahili service to include seven 2,800 teu vessels
Chinese shippers want greater scrutiny of vessel-sharing agreements EU's competition regime a good example to follow, says China Shippers' Association
Flemming Jacobs joins Zim Mr Jacobs' appointment is the latest in a series of changes at Zim
The Danish connection Golden generation of industry leaders remains loyal to Maersk Line, which gave them a headstart in shipping
Danes push for more complex European CO2 reporting scheme Proposals for MRV set to launch in 2018 could include factor for cargo carried
Samsung scores three ice-class crude tankers 42,000 dwt ships will be built for $147m apiece
Star Bulk sells Pan Ocean claim Dry bulk company is the latest entity to sell a claim against Pan Ocean, in a deal worth over $9m
Sewol prosecutors accuse coast guard of bungling rescue op According to the prosecution in the Sewol trial, the coast guard contributed to the increased number of deaths by not managing the rescue well enough. Deficiencies in the Korea Coast Guard resulted in the large number of casualties in the Sewol accident, South Korean prosecutors allege.
Finnish PM promises state support for Rauma The former STX Finland shipyard in Rauma, the land of which has been owned by the city since January this year, has received a pledge of support from Finnish Prime Minister Alexander Stubb, it was reported by state broadcaster YLE. The yard was idle over the summer after the last STX project left
China's activities may affect UN Law of the Sea China's increasingly frequent exploration and production activities in the South China Sea may influence the United Nations' Law of the Sea, a conference heard today. Speaking at A.P. Moller Maersk's The Future of Global Trade symposium in Copenhagen, Economist Intelligence Unit's chief economist
Finland's first LNG terminal gets green light in Pori Construction on three LNG terminals on Finland's western coastline will start soon in Pori by developer and operator Skangass. This follows the government's announcement a month ago of €65M in funding support for the projects. At a cost of €80M, €24.5M of which will be state
Keppel secures contracts worth $120m Singapore's Keppel Shipyard and China's Keppel Nantong Shipyard have secured contracts for a Floating Production Storage and Offloading (FPSO) vessel conversion and a submersible barge worth a total of $120m. The FPSO conversion is for Armada Cabaca, a subsidiary of Bumi Armada, with delivery
Small container ports need to become facilitators of business Some smaller container ports in Europe fail to understand that they should be facilitators of business rather than providers of infrastructure, said Ebbe Bisgaard, country manager at Unifeeder in Denmark. "Some ports see themselves as providers of infrastructure, not part of a supply chain,"
Qingdao Beihai wins Baosteel cape pair Chinese shipyard Qingdao Beihai Shipbuilding Heavy Industry has won an order for two capesize bulkers from compatriot shipowner Baosteel Group. The two 180,000dwt vessels will have an overall length of 295m, beam of 46m, and a depth of 24.8m. They are scheduled for delivery in 1Q16. They have been
SHI wins three arctic-class shuttle tankers Samsung Heavy Industries (SHI) has won an order amounting to KRW471.8Bn ($440M) for three arctic-class shuttle tankers from Russian owner Sovcomflot. SHI, the world's second largest shipbuilder, said in a Korea Exchange filing that the amount of contract occupies 3.18% of its total sales in 2014.
Bore exits contract business, sells six ships Bore Ltd, the shipping unit in the privately owned Finnish Rettig group, will exit the contract of affreightment (CoA) business and sell the six ships it employs. The six vessels, ranging in size from 3,700 to 4,900dwt, will be sold to Dutch shipping group Wagenborg. They have been employed on a
Port development suffers from wrong mental maps Port developers tend to use past developments to create forecasts for future needs, often resulting in misleading outcomes, according to Peter W der Langen, professor of ports and logistics at the University of Eindhoven in the Netherlands. "We tend to walk backwards to the future," der Langen said
Tanker goes missing in South China Sea A Vietnam-flagged product tanker was reported missing while under way in South China Sea. The 5,929 dwt vessel, Sunrise 689, owned by Haiphong Sea Product, left Singapore on 2 October laden with 5,226 tonnes of oil products scheduled to reach Quang Tri Province, Vietnam, on 5 October. However, the
Pelindo III issues $500M bonds Indonesian port operator Pelabuhan Indonesia III or Pelindo III has issued bonds amounting $500M to raise funds in the global market. The state-owned Pelindo III has its bond coupon fixed at 4.875% at 10-year senior unsecured bond and plans to channel the funds from bond sales to refinance some of
Pacific Radiance forms JV to own SDM Marine Singapore-listed offshore services provider, Pacific Radiance has entered into a joint venture agreement with Daiho Energy Services to jointly own SDM Marine in a 50:50 deal. The joint venture is done through Alstonia Offshore, a wholly owned subsidiary of Pacific Radiance. Meanwhile, the
Indian bulker detained in Singapore Indian-flagged bulk carrier Kiran was detained in Singapore under the instruction of Singapore-based law firm Incisive Law. However, the firm did not reveal the exact reason for the detention of the 175,048 dwt vessel. Essar Shipping, which owns Kiran, had two of its ship detained previously. The
Thailand considers third LNG terminal in Myanmar Thailand's largest energy company has refused to comment on a flurry of reports that it is considering a third LNG terminal in neighbouring Myanmar. "I am sorry to inform you that the project is now on studying, so there's nothing to be declared at this moment," a PTT spokesperson told IHS Maritime
Shenzhen seeing fewer mega ship delays than Hong Kong, shipping portal says The port of Shenzhen is experiening fewer delays assocated with mega container ships than its neighbor to the south, the port of Hong Kong, according to a recent newsletter from CargoSmart. Based on vessel arrival delays at the two ports in the last 12 months, Shenzhen saw less severe delays than...
CTS: Volumes up from Asia to Europe, North America Asian containerized exports to two top consumer regions continued to grow in August, according to new statistics released by Container Trades Statistics. Both North America and Europe imported 1.42 million TEUs from Asia each in August. The North American total was 7.6 percent higher than in August 2013, while European imports...
US shippers brace for sharper intermodal rates hikes Analysts will pepper Class I railroad executives in the coming weeks with questions on pricing during upcoming third-quarter earnings conference calls. Although the rail executives will likely be coy on details, a new survey provides insight in just how railroads plan to hike intermodal rates in the coming 12 months. Shippers...
Seattle, Tacoma ports forge alliance to protect market share Port of SeattleThe ports of Seattle and Tacoma are taking a bold step to improve the competitiveness of the Pacific Northwest gateway by unifying the planning, marketing and management of their marine cargo terminals and related functions under a single body. If the Seaport Alliance is approved by the U.S. Federal...
Intermodal links will define US port success post-Panama Canal expansion While it's still too early to predict how the 2016 Panama Canal expansion will impact trade flows, competition among U.S. ports for discretionary cargoes will hinge on intermodal connectivity. The critical factor in which East Coast ports gain the most after the new locks open in early 2016 will be the...
Facing more regulation, US trucking lobby doubles down on safety message The largest U.S. trucking advocacy group will redouble efforts to convince legislators, regulators and the general public that trucking is safe and getting safer, while pursuing changes to truck driver hours of service rules and other regulations that hinder rather than help trucking, American Trucking Associations President and CEO Bill...
Rep. Nadler backs developing Brooklyn container terminal Rep. Jerrold Nadler, D-N.Y., used the annual New York-New Jersey Port Industry Day to make a pitch for developing a 350-acre container terminal in Brooklyn. He said New York-New Jersey's economy requires that the region's port remain the dominant U.S. East Coast cargo hub, and that "Brooklyn must be part of...
NY-NJ port prepares 'winter plan' to avoid gridlock repeat The Port Authority of New York and New Jersey expects within the next couple of weeks to announce details of its "winter plan" to avoid a repeat of the gridlock that crippled the East Coast's largest port last January and February. "We can't keep it from snowing, but we do think...
Orbcomm offers chassis tracking tools to fight port congestion Global asset-tracking company Orbcomm is taking aim at the "Achilles' Heel" of the international supply chain - the chassis. The New Jersey-based company, which already tracks ocean containers worldwide, introduced a chassis management system. With its proprietary satellite network and terrestrial coverage partners, Orbcomm "can track and monitor nearly every type...
China unveils six-year plan to cut logistics costs The Chinese government unveiled a six-year plan to develop the nation's infrastructure and capacity, including a strategy to double the size of the port of Tianjin, in order to boost import and export flows and modernize its domestic supply chain. The State Council's 2014-2020 logistics industry development plan, published on the...
Manila terminal plans $330 million expansion to ease congestion International Container Terminal Services will spend $330 million to expand its terminal in Manila and inland container depot over the next 10 years, in an effort to alleviate long-term congestion issues at the port. ICTSI announced the plan today during a government safety tour of the terminal. One-third of that money...
Driver shortage will limit truck capacity, growth, ATA economist says Driver turnover at large truckload fleets soared in the second quarter to its highest point since the third quarter of 2012, putting more pressure on trucking companies struggling to hire and keep truck drivers and add truck capacity as the U.S. economy expanded at a faster pace. Truck driver turnover has...
German labor actions threaten air and rail cargo Lufthansa Cargo pilots will stage a 48-hour strike on Wednesday and Thursday, but the German airline said it will have little impact on shippers. The strike, over planned changes to retirement benefits, is the sixth stoppage by Lufthansa pilots this year and the first to target the carrier's all-cargo unit. Lufthansa...
Carrier-terminal collaboration seen key to increased productivity Larger container ships being introduced by carriers in a bid to improve profitability are taking up more berth space and placing greater pressures on both carriers and terminals to get ships worked and sent back out to sea faster. Andy LaneWith container ships growing longer during the past 20 years, they...
Russia, China aim to boost Northeast Asia trade by expanding Zarubino port Working with the Chinese government, Russian port logistics company Summa Group plans to complete a $100 million expansion of the Russian port of Zarubino in 2018, offering shippers better access to and from Northeast Asia. Located in the west side to Vladivostok, the largest ice-free commercial port in Russia, Zarubino port...
Boeing makes buoyant freighter forecast SEOUL - Asia-North America and Europe-Asia will continue to be the dominant world air cargo markets with the most traffic volume, Boeing said in its biennial World Air Cargo Forecast delivered at the International Air Cargo Forum and Exhibition earlier today. The Seattle-based planemaker presented an optimistic picture of the global...
Charleston harbor-deepening plan advances Wando Welch terminal in the Port of Charleston.The Port of Charleston took a step closer to dredging its 45-foot-deep ship channel to as much as 52 feet after gaining the Army Corps of Engineers' tentative approval of the project's draft environmental impact statement. The corps' EIS sets in motion a process...
Changing air cargo landscape threatens recovery, industry group hears SEOUL - Smarter buying, modal shift and a less time-sensitive need from customers threatens to derail the recent recovery in air freight, leaving the industry with little time to sit back and enjoy its first peak season in years. Burdened with excess supply and not enough demand to fill it, the...
Out with the old... "Eco" tonnage is all the rage in the product tanker segment but timing continues to be the key to achieving a return on your investment, according to Poten & Partners.
CMA CGM improves loop CMA CGM has upgraded a liner service that links Africa to India with the introduction of a new call.
Knightsbridge name change Knightsbridge Tankers has changed its name to reflect a recent shift that saw the operator part ways with all of its crude carriers.
Wisdom boosts earnings Taiwan's Wisdom Marine has revealed its new ships are improving earnings with big operating margins.
"Not going to happen" Shipping experts have played down talk of arctic sea routes competing against the Suez and Panama canals in questioning by the UK Arctic Committee at the House of Lords on Tuesday.
SCI staying public A sell-off of state-run Shipping Corporation of India (SCI) has been ruled out by the Indian government.
Finnsailor for the chop Finland's Finnlines has started talks with crew over lay-offs as it scraps a charter for a loss-making ro-ro.
Bulker crewman missing A search has been launched for a seafarer who fell from a U-Ming bulker off Australia.
Tax boost for OSG Reborn US tanker owner Overseas Shipholding Group (OSG) is planning to log a gain of $180m in the third quarter for loan payments made during its bankruptcy restructuring.
Keppel clinches duo Singapore's Keppel group has won new contracts worth SGD 153m ($120m) to convert an FPSO and build a barge.
Crew out of danger The crew of a Chinese cargoship are reported to be safe after their vessel drifted towards the Russian coast following a power failure.
Frontline buys bonds John Fredriksen's Frontline has spent $17.8m on buying back its own bonds as the payment deadline looms.
Bore ships out six Finnish group Bore is selling its general cargoship fleet to focus on ro-ro operations.
Steam Packet steps up The Isle of Man Steam Packet Company is boosting its Liverpool run with 48 extra sailings in 2015.
Samsung wins trio Samsung Heavy Industries has clinched another order for ice-class shuttle tankers from a European owner.
Sewol failings many A combination of cargo overloading, illegal redesign and poor helmsmanship led to the Sewol ferry disaster prosecutors have disclosed.
Miners scotch merger talk Rio Tinto has dismissed media reports that it is in talks with Glencore about a possible merger.
China coal demand weak The outlook for thermal coal import demand in China, the world's largest importer, remains weak, according to rating agency Fitch.
LNG infrastructure rollout in Europe delayed by 5 years Gives member states time to consider alternatives.
Workers end strike at Israeli port Monday's work stoppage caused a queue of roughly 20 ships waiting to unload cargo.
Cleaner fuels 'not expensive' in view of society's health Health costs higher than the costs of switching to greener fuels, says group.
Missing tanker 'hijacked' after leaving Singapore 'The fate of the crew and vessel is unknown.'
Bunkerworld hosts drinks party at SIBCON Guests can relax and network at the Swissotel's Equinox Complex.
OW Bunker issues profit warning Falling oil prices have forced OW Bunker to lower its full-year profit guidance.
Higher fuel costs call time on ferry charter Ship could be redeployed outside ECA.
Tighter rules in ECAs: 'Not properly calculated' Shipowners faced with 'unjustified' additional charges.
Ferry firm announces ECA-related rate rise DFDS estimates a 15% charge to cover increased costs.
'There are no alternatives' to LNG LNG is the only option as an eco-friendly bunker fuel.
Gas bunker barge gets class approval Award recognises research behind design, says GTT.
ECA cheating: How it's done AP Moller-Maersk executive claims BDNs have been misused to by-pass sulphur rules.
Lawyer: 'Relaxation' of Iran sanctions possible Bunker suppliers should still practice due diligence, says Associate at Clyde and Co.
Stolt: Profit up Cost of bunkers is falling.
More superyachts buying from global bunker suppliers Global presence offers convenience in refuelling needs, says owner of a yacht service firm.
OW adds new manager to UK team Varun Chhabria has UK-wide role.
MARPOL 'not just a marine fuel issue', says oil industry body It affects all other transport fuel, says Director General.
Panama official: Bunker sales can improve Official upbeat on bunker volumes.
Danish EPA: Baltic, North Seas should include NECAs 'NOx emissions from ships are expected to increase in the coming years,' says Environment Protection Agency.
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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