Higher throughput services launched AuroraGlobal, which are high throughput satcom services, are now available for maritime customers looking to increase bandwidth
RINA launches cruise power tool RINA has launched InfoSHIP EM, a real-time tool for monitoring and optimising the hotel power demand on cruise ships
Crew rescued from stranded Varun LPG carrier The Indian Coast Guard rescued three officers from an LPG carrier stranded off Mumbai Port yesterday
Gas leak kills naval officer A gas leak aboard a yet-to-be commissioned naval ship undergoing trials at Mumbai Port Trust killed one and injured two dock workers on Friday
Shipping companies up technological emphasis Shipping companies are now placing an increased emphasis on technological innovation to boost efficiency and productivity in order to get ahead of the competition, said Asia-Pacific Maritime organiser Reed Exhibitions today
Queensland coal ports reopen Queensland coal ports of Mackay, Hay Point, reopened today after being encircled by two cyclones over the weekend
Evergreen's fourth L-type to join Asia Pacific-Europe route Taiwanese carrier Evergreen Marine Corp announced last Friday that its fourth L-type vessel will be delivered into service on 11 March and join Evergreen Line's Asia Pacific-Europe route
OOIL profits down 84% y/y Orient Overseas (International) Limited's (OOIL's) profits slumped 84% year on year to $47M in 2013, due to depressed freight levels and vessel depreciations
Vopak acquires 30% equity interest in new China terminal Royal Vopak today announced it had signed an agreement with Xianglu Petrochemical in Fujian province, China, for Vopak's acquisition of a 30% equity interest in Zhangzhou Gulei Haiteng Jetty Investment Management
COSCO ships join search for missing airplane COSCO bulk carrier Tai Shun Hai started searching for the missing Malaysian Airlines passenger aircraft yesterday at 0900 hours local time at a possible accident site in the South China Sea, according to China's Ministry of Transport
US Containerized Imports Expected to Rebound in March U.S. container ports will enjoy a big increase in containerized imports this month now that factories in Asia are back in full operation following the Chinese New Year celebration. The Global Port Tracker published monthly by the National Retail Federation and Ben Hackett Associates projects an increase of 12.4 percent in...
Overcapacity a Prospect for Reefer Container Shipping in 2014 Peter Frederiksen, a member of the executive board of Hamburg Süd, addresses Cool Cargoes track attendees at the JOC's TPM conference in Long Beach, Calif., on March 3.Overcapacity is a threat to container lines' refrigerated cargo segment this year, despite projected growth in the global reefer market, according to Peter...
Hanjin Staying in Portland Hanjin vessel at the Port of Portland, Ore.Despite productivity declines at Terminal 6 that have lingered for months, Hanjin Shipping Co. informed the Port of Portland today that it will continue to operate its weekly trans-Pacific service. "The announcement comes as welcome news to hundreds of shippers who depend on the...
From TPM: Panama Canal Expansion No Game-Changer From left: Tay Yoshitani, Port of Seattle; Robert Leachman, University of California, Berkeley;John Wheeler, South Carolina State Ports Authority; Michael Murphy, CenterPoint Properties; Richard Smith, Sears Holdings Corp.LONG BEACH, Calif. - Retailers and other beneficial cargo owners that import merchandise from Asia make their routing decisions based on where the goods...
Q&A: What's in a Name: Shipper vs. Consignor Q: Bills of lading tend to refer only to the "shipper" of the goods, which I take to mean the consignor - that is, the party who tenders the goods to the carrier for shipment. I think I'm correct in this. But are the two words complete synonyms? Do they necessarily...
US East Coast Ports Will Struggle to Handle Mega-Ships, Drewry Warns Many U.S. East Coast and Gulf ports will struggle to handle the larger container ships the P3 and G6 carrier alliances likely will deploy on trans-Atlantic routes, according to Drewry Maritime Research. The alliances' consolidation of services means much larger ships could replace the 3,500- to 6,500 TEUs vessels currently deployed,...
Global Food Supply Chain Impacted by US Safety Legislation Jaymie Forrest, Alexander ProudfootThe U.S. Food Safety Modernization Act has impacted the global food supply chain and, by extension, global reefer carriers too. At JOC's TPM 2014 conference, panelists explored the challenges associated with the new legislation's stricter regulations on the food logistics industry. Lenny Feldman, a managing member at the...
PSA Wins Kolkata Port Container Concession PSA International, through its wholly owned subsidiary PSA Bharat Investments, has won a container-handling contract at India's Kolkata Port, helping the Singapore-based terminal operator consolidate operations in the eastern cargo gateway. The 10-year deal, covering "operation and maintenance" of five berths at the dock, is scheduled to take effect in December...
China Scales Back Growth Targets China's target of 7.5 percent GDP growth in 2014, although lower than in 2013, will still be a spur to shipping demand in the coming months, according to one shipping analyst. Premier Li Keqiang announced the target, which would represent a slowdown from the 7.7 percent growth achieved in 2013, in...
South Korea Seeks Access to North Korean Port South Korea is hoping to reach an agreement on access for its companies to make use of North Korea's port city of Rason, which boasts an ice-free harbor near the Russian and Chinese borders. Special economic zones offering tax breaks, cheap labor and land in a bid to attract foreign investment...
Supramax for sale Setaf-Saget of France is looking to offload one of its supramax bulkers in what appears to be a bid to cash in on rising asset values.
Ironridge in at NewLead California investment firm Ironridge Global Partners has emerged as the name behind a $25m investment in New York-listed NewLead Holdings.
Bigger payday for Cox Matson's chief executive earned a nearly $1.53m rise in compensation as the US liner operator handed him a large stock award.
Market monitors crisis The crisis in Crimea could have a significant impact on the tanker market if Ukraine and other European nations end up reducing their reliance on Russian crude, a leading investment bank told clients Monday.
Silver lining playbook A growing number of market forecasters are urging members of the shipping industry to keep a close eye on the crisis in Ukraine, the centrepiece of a standoff that stems from the Russian invasion of Crimea.
Saade still wants seats Global Ship Lease's (GSL's) largest shareholder appears to be moving forward with a campaign aimed at seizing more seats on its board of directors.
NewLead banks another $25m Greece's NewLead Holdings is looking to grow its fleet after raising $25m in a stock sale.
Kensico digs Dorian Kensico Capital Management has emerged as one of Dorian LPG's largest shareholders.
Intelsat connects A new agreement will help Intelsat, the world's leading provider of satellite services for media and military use, to compete with main maritime provider Inmarsat in delivering high-capacity broadband telecommunications services to ships.
OSG builds exit financing Bankrupt tanker owner OSG has increased the amount of exit financing it needs to emerge from restructuring.
Fredriksen builds Knightsbridge fleet John Fredriksen-controlled Knightsbridge Tankers (VLCCF) is buying six capesizes from Frontline 2012 and the tycoon's private account as it positions itself for dominance in its market.
SCI sells another Shipping Corporation of India (SCI) has sold its third veteran anchor-handler in nine months.
Aker Phil follows-on Aker Philadelphia Shipyard has launched a follow-on offering of stock to fund tanker construction.
GSL tries again Boxship owner Global Ship Lease (GSL) is relaunching a $400m notes issue after scrapping a previous attempt last month.
BV wins LNG work French society Bureau Veritas has won a deal to class Brittany Ferries' new LNG-fuelled vessel.
Mermaid takes two Mermaid Marine Australia has ordered two platform supply vessels (PSVs) on the back of long-term charters to domestic producer Inpex.
Pac Basin finds buyer Bulker owner Pacific Basin has found a potential buyer for its harbour towage operation.
Libya threatens tanker Libya has threatened to bomb a North Korean-flagged tanker that is loading oil at a port held by separatist rebels.
Sea World takes handysize Sea World Management of Monaco has bought a 2001-built d'Amico International Shipping tanker for a strong $13.6m.
New investor at Latvian Riga tanker owner Latvian Shipping Co (LSC) has a new "significant" investor.
Clarksons stronger Underlying earnings have risen at London broker Clarksons as revenue increased in 2013.
Vopak makes China move Dutch group Vopak has taken a 30% stake in a petrochemicals terminal in China.
OOIL profit tumbles OOIL, the parent of Hong Kong liner giant OOCL, has seen net income plunge due to overcapacity in the industry.
Boxship aground off Greece A Turkish-owned containership has reportedly run aground off the Greek holiday island of Mykonos.
Sea Breeze still afloat A small bulker that was threatening to sink off the southern UK coast on Sunday morning has been towed to safety.
UASC makes it six United Arab Shipping Co (UASC) has exercised an option for a sixth 18,000-teu containership at Hyundai Heavy Industries.
Eclectic drops FSL Eclectic Investment Company has trimmed its stake in troubled Singapore shipowner First Ship Lease Trust (FSL Trust).
NEWSFLASH: Hanjin to stay at Port of Portland Hanjin Shipping announced Monday that it will continue calling the Port of Portland on a weekly basis.
OOCL's Tung sees overcapacity but 'positive results' in 2014 OOIL Chairman C.C. Tung said that overcapacity will occur this year, stemming from tonnage growth, but that there will be higher demand than in 2013. OOIL saw revenue of $6.23 billion in 2013, compared to $6.46 billion in 2012.
Airlines report February cargo gains American Airlines reported an 11.2-percent gain in cargo miles in February, with 173,529 cargo ton miles, up from 156,097 cargo ton miles in February 2013. United Airlines logged 182,913 cargo ton miles in February.
Equity firm invests in Canadian trucking provider
January U.S. exports reach $192.5 billion
Search continues for Malaysia Airlines flight
CBP eyes North American trade symposium CBP Deputy Commissioner Thomas Winkowski laid out the possibility of expanding the CBP Trade Symposium to Mexico and Canada to exchange ideas for minimizing the regulatory burden on cross-border trade.
Fire extinguished on Crowley barge
Sea Star, Horizon pay $3.4 million in price-fixing settlement Sea Star Line has agreed to pay $1.9 million, and Horizon Lines has agreed to pay $1.5 million. The civil settlements resolve allegations in a lawsuit filed in federal court by former Sea Star Line executive William Stallings.
Hanjin consolidates service centers
Executive moves
New CBP chief pledges to enable trade
Container imports expected to benefit from retail surge
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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