|JANUARY 13, 2014|
- Kaohsiung port's 2013 box volume rises 1.6pc to 9.94m TEU
- Deluge of new box ship capacity in 2014 to widen supply-demand gap
- MOL boosts intra-Asia network with new Shekou call, feeder service
- ZIM renews Paraguay services in new barge service connection
- CCNI introduce feeder to maximise Asia-Mexico-WCSA coverage
- Sankyu to provide AFR services for cargo shipments to Japan
- Lacklustre year end for the container shipping charter market
- Further fears may delay regulatory approval to launch P3 in April
- Wal-Mart recalls tainted locally-supplied donkey meat in China
- Delta Maritime ships large lifeboats Greece to Norway
- AAR deliver 900 ULDs to Vietnam Airlines to add to 2,000 in operation
- Ruslan AN-124-100 transports olympic torch on relay for Sochi 2014 Winter Olympics
- Evergreen EAGLE closes down ground-handling services as parent company hits tarmac
|JANUARY 10, 2014|
- Chinese New Year gives a fillip to Asia-Europe box rates
- Coastal shipping set to get incentive boost
- Emerald Maritime bets on India to drive growth in bulk cargo movement
- Euronav to acquire 15 VLCCs from Maersk Tankers
- KPI Association set to encompass whole maritime sector
- Moore Stephens says 2015 should see return of healthy shipping industry
- Quick Take
- Safmarine kicks off the New Year with another award
- SOLAS, MARPOL amendments enter into force on Jan. 1
- Natural rubber imports up 46 pc despite higher duty
- Soyameal exports dip 8 pc in Dec.
- US becomes top buyer of Indian seafood
- Cabinet approves conversion of Kandla Port's leasehold land to freehold
- ICTT berths its second-largest mother vessel
- Railways handles 4.7 pc more freight during April-Dec. 2013
- eBRC success should prompt govt to go for complete EDI in ex-im transactions, says Fieo President
- Export target of $ 325 bn achievable, says Commerce Ministry
- Exports up, imports show negative growth in Dec.
- Forex reserves drop to $ 293.11 bn
- Hike in import duty on refined edible oils approved
- INR ends better at 61.91against dollar
- Virender Uppal takes charge as AEPC Chairman
- A2SEA signs contract to install 97 turbines in German part of the North Sea
- Almajdouie Logistics handles first shipment through Saudi Arabianport
|JANUARY 13, 2014|
- Tata Steel and SNCF expand cooperation
- Grand Port Maritime du Havre: Bekanntmachung
- Safmarine kicks off new year with award
- Swiss watchdog fines airlines over freight cartel
- UPS opens new healthcare facility in Ontario, Canada
- Efforts to optimise railway safety are successful
- European Union to spearhead counter-piracy efforts in 2014
- Menlo Worldwide introduces pick-to-light carts technology
- Lex Autolease joins Van Excellence as new industry partner
- Modest cargo volume increase in November
- Sievert Handel Transporte concentrates activities in...
- Swissport appoints senior vice-president cargo operations
- New Danish transport award for whole industry
- ABC takes over fifth B747-8F
- Nils Wolf & Associates starts up in project logistics sector
|JANUARY 10, 2014|
- DNV GL Oil and Gas has new CEO
- Crowley orders MAN B&W ME-GI engines for ConRo duo
- Electric Boat gets Ohio replacement award
- USCG warns on tank sampling dangers
- Moore Stephens sees brighter shipping fortunes by 2015
- NNS gets carrier contract mod
|JANUARY 13, 2014|
- Judge sides with Port of Vancouver in Tesoro-Savage EPA case
- Port Metro Vancouver building pair of new harbor patrol vessels
- Coast Guard medevacs crewman from cargo ship off Washington coast
- New commissioners sworn-in on Anacortes port board
- Trucking group names Osiecki head of legislative affairs efforts
|JANUARY 10, 2014|
- OSG settles rejection claims
Agreement with Deutsche Bank Securities to settle general unsecured claims worth $42.8m
- Deutsche Bank hire Stoltenberg
NordLB man fills Bedranowsky's shoes
- CMA CGM confirms links to order for eight post-panamax boxships
Bookings placed by leasing companies affiliated to two Chinese banks
- Arista seeks new equity from over-the-counter offering
Portuguese dry bulk firm remains tight-lipped about expansion plans
- Contship Italia reports 20% growth in Mediterranean terminals' throughput
Tangier is the star performer, having recovered from previous years' unrest
- Panama expansion means tough times to continue for the panamax fleet
Widening waterway only reinforces the trend towards bigger boxships
- VLCC spot market earnings plummet
The 2013 spike ends as daily rates fall more than $5,000 every 24 hours
- Continuing US ban on crude exports disappoints tanker owners
There is no sign that restrictions will lift any time soon, says Cowen
- TMT crew repatriated from Tyne
Coastguard pledges to detain the woodchip carrier until it tackles its deficiencies
- Cancellation beckons for Alpha Gas LNG carrier at STX
Fate of start-up's two-ship order at troubled Korean yard is now unclear
- Vantage Drilling linked to STX cancellation
New York owner announced last year that work had halted on a drillship order
- Enterprise expands Houston liquefied petroleum gas export terminal
Strong demand creates international opportunities for US cargoes
- Danaos plans to unload damaged Hanjin Italy
Collision with LNG carrier occurred when 10,100 teu boxship was almost full
- BG Freight feedership sails from London Gateway to Teesport
Northeast UK port has pledged to expand its shortsea links
- Rolls-Royce takeover talks with Wärtsilä end without a deal
Buying Finnish ship enginemaker would have boosted UK firm's marine business
- Growing your own
Bean counters move training from the category of 'investment' to that of 'costs'
- Jones Act may hold the key to OSG renaissance
Continuing interest in bonds and equity, despite Chapter 11
- Greek-owned fleet tops $100bn in value
Country ahead of Japan and China in terms of market worth, says valuer
- Cruiseship pairing not viable in Arctic waters, warns Clia
Industry association cites insufficient customer demand and operational risks
|JANUARY 10, 2014|
- Strong start for US box flows
US container imports are predicted to rise this month and continue to build on last year's performance, according to the National Retail Federation (NRF)
- Skuld warns tanker owners over Libya
Norwegian protection and indemnity insurer Skuld has urged its members involved in the Libyan oil trade not to venture into ports or other areas where they could put themselves in confrontation with the Libyan security forces
- Jakarta closes ranks on Canberra boat returns
Indonesian army chief General Moeldoko has retracted comments that he agreed to the Australian Navy forcing boatloads of migrants back to Indonesian waters, as tensions between both nations over maritime borders escalate
- New MyFerryLink ruling due in February
The UK's Competition Commission has said it intends to publish a fresh opinion before the end of February on the legitimacy of its opposition to Eurotunnel's involvement in the Dover Strait ferry trade via new ferry company MyFerryLink
- SNCM seafarers end nine-day strike
French ferry operators SNCM and Compagnie Méridionale de Navigation have resumed sailings between the French mainland and Corsica after seafarers voted to end their nine-day strike
- Chinese embassy urges release of detained vessels
China's embassy in Indonesia yesterday urged the Indonesian government to release vessels detained at ports in Southeast Sulawesi province
- 'K' Line, NYK, WWL face Japanese fines
'K' Line, NYK Line and Wallenius Wilhelmsen Logistics each face a $33M fine by the Japanese Fair Trade Commission over non-competitive behaviour in their vehicle shipping businesses
- Mermaid orders to be fruitful by 2017
CIMB sees no immediate gratification to Mermaid Maritime's recent order of two tender rigs and one dive support vessel worth an aggregate of $436M
- China's iron ore imports from Australia up
Iron ore imports to China from Australia's Port Hedland amounted to 24.2M tonnes in December 2013, a 19.8% year-on-year increase
- Cargo ship towed to safety
All nine seafarers of general cargo ship Van Trang 07 are confirmed safe after the ship lost its propeller and drifted off Quang Ngai in central Vietnam
- China 2013 coal imports rise to 330M tonnes
China's coal imports hit a record high in 2013, jumping 13.4% year on year to 330M tonnes, a customs report said today
- FPSO drifts, halts works at a Thai oilfield
The drifting of FPSO Rubicon Vantage, which damaged a production riser, has halted oil production at Bualuang Oilfield in the Gulf of Thailand
- BDI struggles in new year
The Baltic Dry Index has been limping along since the new year began, as Australian and Brazilian miners remain largely out of action
- Newbuilding, S&P activity up from 2012
The ongoing depreciation of the Japanese yen and improving investor sentiment towards the shipping market created more buying interest and pushed up asset prices last year, said Greek broker Intermodal in its latest weekly report
|JANUARY 12, 2014|
- Sluggish Demand to Challenge Asia-Europe Ship Lines
- XPO Eyes 'Next China' as Intermodal Traffic Grows
- Chennai Port Container Terminal Hits Roadblock
- PSA International's Throughput Rises
|JANUARY 10, 2014|
- The magic of ME-GI
A winner has been declared in the race to equip a pair of Crowley Maritime's ro-ro containerships (con-ros) with dual-fuel engines.
- Poised to plummet
The sudden decline in freight rates will likely take a toll on the shares of bulker owners that are listed in the Big Apple, a leading equity analyst warned clients Friday.
- No sale
Active Shipping & Management of Singapore claims it has not parted ways with one of its capesize bulkers despite reports to the contrary.
- Cargill tied to buy
Cargill has been linked to the acquisition of a capesize bulker controlled by Active Shipping & Management of Singapore.
- OSG agrees to DB claims
Overseas Shipholding Group (OSG) has struck settlement deal with Deutsche Bank to recognise $43m in claims over rejected tanker charters.
- Minoan eyes fundraiser
Greek ferry owner Minoan Lines is lining up a fresh equity issue to help shore up its balance sheet.
- India extends Iran permits
India has extended its acceptance of Iranian insurance for tankers importing oil for another six months.
- Stoltenberg joins DB
Deutsche Bank has recruited Klaus Stoltenberg from NORD/LB to head up its shipping division.
- Macduff wins one
Scottish owner Inverlussa Marine Services has ordered a new workboat from Macduff Shipyards.
- Capes in 'freefall'
Sentiment, seasonality and politics all combined to haul down capesize rates by a quarter on Friday.
- Ceyhan to ship more
Turkey's key Mediterranean tanker terminal of Ceyhan is to start shipping northern Iraqi crude this month.
- Russians in for Sietas
Russia's Pella Shipyard has made a concrete offer for bankrupt German shipbuilder JJ Sietas, local media said.
- Blackrock boosts holding
Blackrock has expanded its strong position in US shipowner Matson.
- TMT crew fly home
The International Transport Workers Federation (ITF) has paid for 11 crew on the abandoned Today Makes Tomorrow (TMT) bulk carrier Donald Duckling to return to the Philippines.
- CSIC orders soar
China Shipbuilding Industry Corp (CSIC) has seen 2013 orders jump by 134%.
- Recovery comes closer
Herbjorn Hansson says a recovery in the suezmax market is edging closer following a strong start to the year.
- Crewman severs foot
A crewman has been airlifted from a small offshore supply vessel in the US Gulf of Mexico after severing his foot.
- Ro-pax out of action
The Isle of Man Steam Packet Company is taking a ro-pax out of service after it sustained storm damage.
- Ban sees bulkers held
A minimum of 10 Chinese bulkers have been prevented from leaving Indonesian ports two days before a ban on the export of unprocessed minerals is set to come into force, it is claimed.
- Atlantic sells another
Norway's Atlantic Offshore has sold another of its ageing anchor handling tug supply vessels.
- Coscol creeps up
Cosco Shipping Co (Coscol) has edged up its cargo volumes in 2013.
- Cargill capes included
Scorpio Bulkers' latest swoop included three capesize resales from Cargill, brokers say.
- Bulker crew burned
The US Coast Guard (USCG) has airlifted two seriously burned crewmen from a Pacific Basin bulker.
- Greek spending spikes
TradeWinds digests the digits making the headlines this week.
- STX loses $700m order
STX Offshore & Shipbuilding has suffered another blow after seeing a $700m drillship contract torn up.
- Ferry probe extended
The UK's competition commission (CC) hopes to make a new decision on Eurotunnel's purchase of three ro-paxes from SeaFrance by the end of April.
- Captain found hanged
The captain of a Russian cargoship has been found hanged in a UK port.
- Letting off steam
We take a look at what was said in the market over the past week.
- Nanjing Tanker admits defeat
State-run Nanjing Tanker will delist from the Shanghai stock exchange early this year after racking up four years of losses.
- Cargill profit up 36%
Cargill, the world's largest agricultural trader, has reported a 36% year-on-year improvement in second quarter net profit.
- Disposals boost Ezra
Ezra Holdings has posted an 11% rise in first quarter net income helped by gains from the disposal of assets.
- Crewman search halted
The US Coast Guard (USCG) has suspended the search for a crew member missing from a Princess Cruises vessel off Hawaii.
- Alpha set to stay in LNG
Alpha Tanker & Freighters plans to continue in the LNG sector contrary to talk currently sweeping the market.
|JANUARY 10, 2014|
- Chile port strikes bite fruit trade
Strikes have stopped operations at some ports in Chile near the beginning of the country's winter fruit export season.
- BIMCO: Positive shipping outlook for 2014
The global economy's steady improvement is creating a better outlook for shipping, and as demand rises and fleet expansion cools off, market fundamentals are expected to improve across the board, according to BIMCO.
- Industry groups respond to Trade Promotion Authority
The bill, which was introduced Thursday by House and Senate finance committee chairmen, would speed up consideration of trade agreements brought to Congress by the president.
- YRC reviewing options after union rejection of contract
- Contractor raises specter of 3-year delay for Panama Canal expansion
The Italian construction firm Salini Impregilo said that switching to another contractor to complete the $3.2 billion installation of a new set of locks to handle bigger ships at the Panama Canal would delay the project.
- CTS: Prospects for container volume recovery 'quite encouraging'
- Donahue outlines U.S. Chamber's 2014 agenda
- Hanjin ending North Atlantic service
- Hyundai starts NA intermodal webpage
- Kuehne + Nagel, Airbus extend partnership
- Canaries calls increase at London Container Terminal
- Smart Warehousing distribution center coming to Kansas City
- New report examines trucking IT landscape
- This week's GRIs
- Executive moves
- Commerce wants U.S. exporters to 'Look South'
- Spot market freight rates respond to winter storms
- Great Lakes limestone trade up slightly in 2013
|JANUARY 10, 2014|
- Fuel prices soften in Vancouver
Avails were still tight in Cartagena on Friday.
- FLNG market 'poised' for growth within next six years
Investments within the next six years will amount to roughly $64.4 billion, predicts report.
- Weekly Global Market Report
A weekly price roundup from bunkering hubs around the world.
- DNV GL supports push towards LNG fuel use in US
'US has tremendous natural gas resources, especially from unconventional sources', says firm.
- LNG to 'dominate' container market in 10 years, says Wartsila
'Conventional fuels are on the way out because they pollute too much', says Wartsila official.
- Fujairah prices stick to upward path
Prices were flat in Suez.
- European bunker prices soft
Low demand in Istanbul.
- Gibraltar bunkering plan runs into opposition
Developing the Detatched Mole 'is the worst of all scenarios', claims environmental group.
- Competitive desulphurisation method under development
A lower unit cost over refinery methods achieved in trials.
- Engen expands operations in Mauritius
Engen Petroleum has started supplying 180 cSt product in Port Louis.
- Nigeria: Suppliers will have to disclose the source of their fuel
Nigerian Navy will have to approve each bunker operation.
- New LNG terminal to be constructed in Finland
Facility will 'further enhance' acceptance of LNG as a marine fuel, says Wartsila.
- Asian prices end week sluggish
Tight supplies seen at most ports.
- New appointment in Kaliningrad
Dan-Bunkering's rep office has new administrator.
- Chinese tanker operator delists as losses continue
Nanjing Tanker Corporation blames 'sluggish market and high operating costs'.
- Offshore firm buys magnetic propulsion system
System expected to bring 'significant' bunker savings.
- Book review: An Introduction to LNG Bunkering
Industry expert Nigel Draffin tackles the issues surrounding the new marine fuel.
- Offshore operator takes delivery of fuel efficient PSV
Vessel has been built by a Chinese shipyard.