Scorpio makes $460m entry into boxships Samsung will build a minimum of three 19,200 teu ships for bareboat charter to Mediterranean Shipping Co
Hapag-Lloyd implements new vessel-scrapping policy German carrier will no longer sell ships to breakers that do not conform to Hong Kong Convention
Deflating Indian sentiment may take the shine off demolition rates Caution grips the country's buyers as the value of the rupee continues to fluctuate
Record US imports forecast as west coast negotiations continue Inbound volumes at major US ports are expected to hit an all-time high this month
Avic International Maritime returns to profit Singapore-listed unit improves its management and consultancy business
Baltic Sea and North Sea aframaxes enjoy high spot earnings Demand for mid-August crude cargo loading
Aronnax: War and peace with shipping Carbon War Room and shipowners finding common ground
Former Wilhelmsen employee faces $4m fraud charges Tax manager allegedly made wire transfers to own account
Mexico energy reforms signed into law Country's push to increase production and exports bodes well for tankers
Great Eastern sees first-quarter profit fall Drop comes despite rise in revenue for Indian operator
Two Chinese state carriers announce a 19-very large crude carrier tie-up Expanding China Merchants Energy Shipping transfers ships to Sinotrans & CSC joint venture
Hapag-Lloyd posts first-half loss as freight rates keep falling New chief executive Rolf Habben Jansen forecasts a positive full-year result but lower than 2013
Adani JV to build Mundra LNG terminal The Indian government has approved a plan by Gujarat State Petroleum Corp (GSPC) to enter a joint venture (JV) with Adani Group to build a 5.1M tonnes/year LNG import terminal to open at Mundra port in 2016. The joint venture, which also gives Gujarat state government-owned GSPC a co-developer role
APM Terminals Izmir invests in new cranes APM Terminals is aiming to expand Turkish trade by investing in cranes large enough to serve 10,000teu vessels efficiently in the Izmir region. The purchase of three ship-to-shore (STS) quay cranes and 10 rubber tyre gantry (RTG) cranes will support one of Turkey's fastest-growing regions and allow
Genco sinks further into the red Recently restructured Genco Shipping & Trading is projecting a second-quarter net loss of $65.6M, up about a third from a $48.9M shortfall in the same quarter last year. The deeper loss - logged despite higher quarterly revenue - covers the period when the dry bulk company's consensual Chapter 11
Open-ocean piracy emerges off Nigeria Open-ocean attacks could be a 'game-changer' in Gulf of Guinea piracy, according to a recent Dryad Maritime report. In the early hours of 9 August, a product tanker transiting immediately beyond Nigeria's territorial waters was heavily fired upon by up to three smaller vessels. The pirates then
Sinwa net profit up 21.9% Sinwa Offshore, a Singapore-listed offshore service provider, reported today that its 1H14 net profit climbed 21.9% year on year to SGD5.93M ($4.74M). First-half revenue of SGD74M was up 4.8% year on year, largely on improved revenue from the firm's marine and offshore supply business in Singapore
Avic Dingheng gains four asphalt tankers Chinese yard Avic Dingheng Shipbuilding has landed an order for four asphalt tankers from Switzerland-based shipowner ABC Maritime AG. The four 4,900dwt vessels - scheduled for delivery in the first and second quarter of 2016 - have been allocated yard numbers AD0022, AD0023, AD0055, and AD0056 by
Jiangsu Hantong wins Goldwin tanker trio Chinese shipbuilder Jiangsu Hantong Ship Heavy Industry has won an order for up to three stainless-steel chemical tankers from Hong Kong-based Goldwin Shipping. Featuring one firm 38,000dwt chemical tanker, the deal is further evidence of the shipbuilder's move into this new high-value market after
Cheap ore brightens Capesize outlook Cheaper iron ore is set to spur imports to China at the expense of its domestic production, which bodes well for Capesize bulkers, although July was a poor month in smaller-size segments, say industry sources. "Reports are indicating that the significantly lower international prices of iron ore are
South Korea tightens blood alcohol limits for ship operators As part of the government's move to improve maritime safety standards after the Sewol disaster, South Korea has tightened the limit on permissible blood alcohol concentration from 0.05% to 0.03%. The country's Ministry of Oceans and Fisheries unveiled this on 10 August as part of amendments to
Icon Offshore changes fleet composition Malaysia-listed offshore service provider, Icon Offshore, is renewing its fleet with the disposal of an old vessel, followed by an acquisition of a new one. Tanjung Manis, a 2005-built platform supply ship, was sold to Saudi Arabia's Hadi Hamad Al-Hammam Marine Services for $3.88M. Icon Offshore
India, Bangladesh reach insurance settlement India and Bangladesh are making progress in the settlement of insurance claims and ship standards. The agreement will facilitate direct coastal shipping between the two countries from October 2014. "Both countries agreed to buy insurance of up to $10M, with Sadharan Bima of Bangladesh and General
Chinese port growth slows in July Up to 35 Chinese ports on the watch list of the Ministry of Transport posted total throughput of 928M tonnes in July, up by 1.3% year on year and 3.5% lower than the growth in June, the ministry announced yesterday. Coastal ports handled 634M tonnes, up by 1.9% y/y, while the rest of the 294M tonnes
China's exports surged in July while imports dropped China recorded exports of $1.28Tn in July, up by 14% year-on-year (y/y), almost doubling June's 7.2% growth, while imports fell by 2.1% y/y, down from the previous month's 5.5%, amounting to $1.12Tn. "Global economic recovery is bringing back external demand for Chinese products, and will continue
Suspected bunker pirates arrested in Thailand The Thai Marine Police discovered 370,000 litres of diesel on four boats modified for smuggling in Chanthaburi, Thailand, during a raid on 9 August. Eleven suspected bunker pirates were apprehended. The suspects were identified as Chaiyan Suksa-nguan, 45, of Laem Sing district, and 10 Cambodian
Carnival plans cruise port in Haiti Florida-based Carnival Corp has signed a letter of intent with the Haitian government to develop a cruise port at an initial investment of $70M on the Haitian barrier island of Ile de la Tortue. Ile de la Tortue - or Tortuga Island - is a remote island about 19km off Haiti's north coast with a
Colombo Port City to start next month Phase one of Sri Lanka's mega $900M offshore Colombo Port City project has received its environmental permit and will begin in September, said Sri Lanka Ports Authority's (SLPA's) planning and development chief engineer Susantha Abeysiriwardena. Work was to have begun in March, but was delayed
Credit agency eyes US cargo diversions Investments in US West Coast ports could be at risk if shippers convert short-term cargo diversions into long-term strategies, a possibility that has caught the attention of a major credit rating agency. Fitch Ratings, which rates the ability of bondholders to pay back debt, noted in an 11 August
CMES teams up with Sinotrans&CSC China Merchants Energy Shipping (CMES), a Chinese bulker and tanker operator, will team up with compatriot Sinotrans&CSC to set up a tanker-operating joint venture with $1.1Bn in assets. CMES will own 51% of the JV by injecting nine VLCCs and 10 VLCCs on order, along with the shares in Associated
Pelindo II still partnering with HPH Indonesian port operator PT Pelabuhan Indonesia II (Pelindo II) will not cancel its contract with Hong Kong-based Hutchison Port Holdings (HPH) to operate the Jakarta International Container Terminal (JICT) until 2039. Previously, the state-own Pelindo II was urged by the country's Transportation
Agility cashes in on booming interior China trade As exports originating in China's interior continue to grow, Agility inked a deal with Shanghai International Port Group Logistics, in order to strengthen its capabilities in the Yangtze River region. The agreement gives Agility access to SIPG's full range of logistics services, which includes operations at several Yangtze River ports, including...
Con-way Truckload boosts truck driver pay, incentives In a bid to recruit and keep more truck drivers, Con-way Truckload will raise per-mile pay, increase layover pay and offer more incentives to drivers that stay behind the wheel. The pay increase comes as trucking companies struggle to find truck drivers in a labor market with 6.2 percent unemployment. As...
NY-NJ port performance teams begin work Work is starting on implementation of an industry task force's recommendations on ways to improve performance at the Port of New York and New Jersey. Five industry teams established by the Council on Port Performance, successor to the industry-wide Port Performance Task Force, have been formed and will begin meeting this...
SEKO Logistics Worldwide Systematizes Rate Management and FMC Tariff Publishing with CargoSphere Chapel Hill, North Carolina, August 12, 2014 - CargoSphere, the leading, cloud-based global rate management solution and confidential Rate Mesh for the ocean and air transportation and logistics industries, today announces SEKO Logistics, a global supply chain and logistics management company, has completed implementation of CargoSphere's contract and rate management system and Rate Mesh. ...
Volga-Dnepr to present 'Future Airlifter' concept at IATF 2014 Volga-Dnepr Group is using its role as a strategic partner and participant in the Third International Air Transport Forum (IATF) at Ulyanovsk-Vostochny Airport in Ulyanovsk, Russia, on 14-16 August 2014 to present a concept for a 'future airlifter' as well as trying to set a new world record, displaying one...
CEVA marks achievement in Aerospace with Silver Supplier Excellence Award The only 3PL nominated at the Singapore Aerospace Awards 2014 Singapore, 12 August, 2014 - CEVA Logistics, a leading global supply chain management company, was awarded the Silver Supplier Excellence Award at the Singapore Aerospace Awards (SAA) 2014 organized by the Association of Aerospace Industries, Singapore (AAIS). This award recognizes CEVA's...
Werner Enterprises Unveils Third Freedom Truck OMAHA, Neb.--(BUSINESS WIRE)--Aug. 11, 2014-- Werner Enterprises (NASDAQ:WERN), a premier transportation and logistics provider and award-winning military friendly employer, added a third truck to its Operation Freedom fleet and handed the keys to Immanuel Odongkara, a 20-year Navy veteran. "This opportunity is like winning the lottery," said Odongkara, a Jacksonville, Florida, resident. "I am able to drive...
QuestaWeb Applications Now Support All Four Major Browsers Clark, N.J. -- August 7, 2014 -- QuestaWeb, Inc. (www.questaweb.com), a premier provider of web-based, integrated Global Trade Management (GTM) solutions, announced today that its suite of TradeMasterQW applications complies with the latest version of the HTML5 standard. This comprehensive update includes cross-browser compatibility. QuestaWeb applications are now compatible with...
Sonwil Receives Second BRC Global Standard Facility Certification BUFFALO, NY - Today Sonwil Distribution Center-A Buffalo based logistics solutions provider-announced that it has received a British Retail Consortium (BRC) Global Standard Certification for Storage and Distribution at a second area location. This additional certification is the result of the company's continued implementation of best practices and process improvements related...
ARTEMUS TRANSPORTATION SOLUTIONS TO HOLD THIRD SHIPPING 101 TRAINING COURSE IN PACIFIC NORTHWEST VIRGINIA BEACH, VA (August 11, 2014) -- ARTEMUS Transportation Solutions, a leader in the web-based trade compliance software industry, will be holding its Global Commerce- International Transportation & Trade Shipping 101 Course on September 15-19 in the Seattle-Tacoma area. This is the third time the Shipping 101 course will be hosted by...
VOLGA-DNEPR GROUP CELEBRATES 80TH BIRTHDAY OF LEGENDARY CHIEF DESIGNER OF THE AN-124 AND AN-225 TRANSPORT AIRCRAFT Volga-Dnepr Group today celebrates the 80th birthday of Victor Tolmachev, the legendary Chief Designer of the An-124 'Ruslan' and An-225 'Mriya' transport aircraft, to mark his 'outstanding contribution' to the world of aviation. Mr Tolmachev, who continues to serve the industry as Technical Director of Volga-Dnepr and as an advisor to...
New Penn Professional Driver Heads to 2014 National Truck Driving Championships LEBANON, Pa., Aug. 11, 2014 (GLOBE NEWSWIRE) -- New Penn announced today that professional driver and safety superstar Rick Gagnon won the 5-axle division at the Rhode Island State Truck Driving Championships. He will now move on to compete with other national driving champions at the 2014 National Truck Driving Championships (NTDC), to be held August...
New web app targets port drivers' empty trips One of container shipping's most glaring inefficiencies is the countless unproductive trips by truckers who deliver an import box to an inland destination but return to port with no backhaul. Rick Knapp thinks he has a solution. Knapp, former chief operating officer at Virginia International Terminals, has launched Quick180.com, a web...
VOLGA-DNEPR GROUP APPOINTS NEW VP, JAPAN AND KOREA Anton Khodakovsky has been appointed as Volga Dnepr Group's Vice President, Japan and South Korea. Anton Khodakovsky has vast industry knowledge and experience. He started work in the freight industry over 15 years ago and has accumulated a deep understanding of the air cargo business. In 2004, after holding various positions...
ITF world congress launches tomorrow The largest ever world congress of the ITF (International Transport Workers' Federation) begins tomorrow in Sofia, Bulgaria. Taking place in Sofia's National Palace of Culture, the event will bring together almost 2000 people, including staff and participants from 379 trade unions in 116 countries, and is the 43rd world congress in...
ATA Seeks Mike Russell Trucking Industry Image Award Nominations Arlington, Va. - Today, American Trucking Associations announced it is seeking nominations for the eighth annual Mike Russell Trucking Industry Image Award. The award, first handed out in 2006, honors trucking companies, state associations and industry suppliers who creatively generate positive awareness of the trucking industry. And for the third straight year,...
Coup unravels Jacques Saade appears to have abandoned a campaign aimed at ousting the chairman of UK containership owner Global Ship Lease (GSL).
Changing of the guard Capital Product Partners (CPP) made waves on Wall Street Tuesday after identifying the individual who will succeed Ioannis Lazaridis as its chief executive.
Hoegh seals US listing Hoegh LNG Partners (Hoegh LNG) has emerged victorious in its quest to raise cash by way of an initial public offering (IPO) in the US.
Cape rally underway? Rates for capesize bulkers are starting to gain steam but it's unclear whether the current rally will mark the beginning of a broader market rebound.
More demand for LR2s Demand for LR2 tankers will rise by 13% in 2014, McQuilling Partners says.
Capital nets Christodoulou Greek banker Petros Christodoulou has been recruited by Evangelos Marinakis to lead Capital Product Partners.
Cape sale helps Courage Courage Marine remained marginally in the red during the second quarter as the sale of a vessel helped compensate for reduced revenue.
Golar takes the lead Golar LNG has emerged as the best performing stock in the year-to-date among the 35 stocks covered by RS Platou Markets.
GE profit slips India's Great Eastern (GE) Shipping has recorded a slightly lower profit for the first quarter.
Downturn drag for WBC Western Bulk Carriers has seen its margin turn negative at the start of the third quarter.
Seoul slumber to stretch Falling newbuilding orders and retreating prices will remain a headache for depressed shipyard stocks, Deutsche Bank believes.
GH confirms scrap sale Great Harvest has confirmed the scrap sale of its oldest bulker in a $7m deal.
Chinese in VLCC tie-up China Merchants Enegy Shipping (CMES) and Sinotrans & CSC are teaming up to create a $1bn VLCC joint venture.
Genco to stay red Genco Shipping & Trading is set for a deeper second quarter loss, investors have been told.
Weak rates dent Hapag Hapag-Lloyd has seen results go from bad to worse as it posted an interim net loss of EUR 173.3m ($231.6m) in figures released Tuesday.
Hapag-Lloyd reports loss for first half of year The company moved about 2.9 million TEU of container cargo in the first half of 2014 - 5.8-percent more than in the first six months of 2013 - but said "the market environment remains difficult."
ILWU and grain elevators reach tentative agreement
Martinko will head Port of Pittsburgh "Steve has been integral in many of my successes. His combination of political, policy and communications know-how has been a tremendous asset," said Bill Shuster, head of the House Transportation and Infrastructure Committee.
OOCL parent reports first-half profit of $181 million C.C. Tung, chairman of OOIL, said that "there are underlying developments that support a degree of cautious optimism" about the outlook for the shipping industry.
USPS Q3 loss hits $2 billion "Due to continued losses and low levels of liquidity, we've been extremely conservative with our capital, spending only what is deemed essential to maintain existing infrastructure," Joseph Corbett, USPS' chief financial officer, stated.
Gantry cranes ordered for planned Turkey terminal
FAA fines four companies for hazmat violations The Federal Aviation Administration recently issued civil penalties to three companies, including logistics service provider Kuehne + Nagel, for improperly shipping hazardous material.
Agility expands ocean services in East China
Washington Notebook: WTO trade facilitation effort can be revived, analysts say
Hapag-Lloyd adopts 'green' ship-recycling policy
QuestaWeb updates application compatibility for newest browsers and devices
SEKO to use CargoSphere for rate management
PHMSA lays out new rules for hazardous return shipments
Price differential for LSFO narrowing Shipowners may already be testing MGO ahead of new ECA rules.
Prices falling in Rotterdam hub Piraeus: Tight barging schedule.
'Every vessel' under scrutiny ahead of ECA change Ferry operator will use this autumn to consider its options across all vessels and routes.
Avails outlook mixed in Fujairah South African bunker market soft.
New bunker trader at Argos Oil Trading Ltd Ana Apavaloaiei will assist in all commercial and operational matters.
Iranian official denies there has been a halt to IFO exports 'Some regional traders have spoken of a halt in exports just for the sake of their own interests and to increase the price of fuel oil.'
Bunker prices decline at Asian ports Supplies were stable at key Asian ports on Tuesday.
Sri Lanka supplier clarifies vessel 'detention' Sri Lanka Customs boarded tanker but operations 'continue as normal'.
Bunker player wins Russian supply deal Firm to supply 30,000 mt of bunker fuel for government project.
LNG bunkering terminal to be built in Denmark Facility due to start operations within next four months.
Hybrid-powered tugboat wins award Award presented by several Japanese maritime institutes.
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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