|JANUARY 14, 2014|
- Maersk Line sets up affiliate dedicated to intra-America trades
- Second national Sino-Laos Mengkang checkpoint opens for service
- 'Dismal market' has Hanjin exit CKYH's north Atlantic service
- China fails to reach official annual export targets in 2013
- Sichuan Nanchong port on Jialing River starts operation
- Xiamen port navigation channel phase 3 project passes inspection
- Xi'an-Kazakhstan Railway destinations increased
- Mainland-Taiwan cold chain cooperation project opens at Xiamen
- Guangzhou Sunshine handles cranes shipment China to Indonesia
- Singapore world's No.2 port after handling 32.6m TEU in 2013
- Egypt to choose winning bid to build Suez Canal logistics hub
- 14 boxes on CMA CGM ship are swept overboard off France
- CaroTrans & MOLAX combine transpacific LCL networks
- Colombo port's 2013 box throughput rises 2.8pc to 4.3m TEU
- PSA's global box volume grows 2.9pc in 2013 to 62m TEU
- Hanjin Shipping to stop offering direct Asia-Black Sea service
- Overcapacity to stay despite record scrapings as deliveries surge
- DGX boosts services to Latin America
- Air cargo continues moderate recovery with Middle East taking the lead: IATA
- Shippers' buying power curtailed by growth in price of air cargo transportation services: report
- Lufthansa Cargo's B777F lands in Mumbai on 1st Asia flight
|JANUARY 13, 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 14, 2014|
- Former US transport secretary LaHood joins BAF
- Pacific National Coal signs new rail haulage agreement
- Steve Gunning appointed to IAG management committee
- New American marks a good take-off in cargo business
- ITX Cargo establishes new partnerships in Scandinavia
- CSX customers invest over USD 3 billion in 2013
- Evergreen Line charters ten 14,000 teu vessels
- Kieserling hives off EKB and takes over A. Hegeler
- G6 Alliance announces Asia-Europe schedule update
- Fourth Moscow airport project takes off
- Clifford to lead Iata in Asia-Pacific
- Big order for Scania in UK
- VW to build new logistics centre in Poland
- From Lübeck to GLS
- Moore Stephens: shipping industry improving in 2015
- Stansted airport to leave regulation scheme
- IRU promotes sustainable development transport goal
- Mourning John Barnett
|JANUARY 13, 2014|
- Signet Maritime invests $7.2 million in shipyard upgrades
- OSG to outsource management of international fleet
- Costa Concordia tow away set for June
- Yantai CIMC Raffles books jack-up orders
- Wind farm win for L-3 SAM
- Damen starts fitting out STV for Oman
- Imtech Marine to supply systems for LNG fueled ferry
- ICS paper looks at lessons learned on piracy
- Rowan drillships to be fitted with Nautronix systems
- USNS Fall River christened at Austal USA
|JANUARY 13, 2014|
- Pacific International Lines to begin Port of Seattle calls
- Totem Ocean Trailer Express making executive-level changes
- Evergreen Oks charter deals for ten new container vessels
- Carriers boosting service on Far East/India routes
- G6 Alliance members announce cancellation of two sailings
|JANUARY 13, 2014|
- Costamare and York Capital increase their boxship orders to nine
Partners book two more containerships from Hanjin Subic
- Nakilat and MAN Diesel retrofit Q-Max vessels to use gas
Conversion will enable carriers to run their engines off their cargoes
- Baltic Trading exercises ultramax options
Tonnage will be delivered next year
- OSG hands non-Jones Act vessels to V.Ships
Separation of international and domestic business could signal formal split
- Evergreen Line confirms charter contracts for 10 14,000 teu vessels
Update: Costamare books five vessels at Samsung Heavy Industries at $116m each
- Teekay Offshore seeks to tap Norwegian bond market
Firm's quarterly filings point to nearly $2bn long-term debt
- Indonesia's mineral export ban hits supramax bulk market
Move to protect domestic processing has halted shipments of nickel and bauxite
- The readers' choice
P3 alliance leads the field in the five most-read Lloyd's List stories of 2013
- GasLog launches master limited partnership
Shipowner has begun a fundraising drive to support its new vehicle
- Secondhand demand reduces tonnage sold for scrapping
Rates are buoyant as Indian subcontinent breakers stock up on ships
- China approves domestic LNG shipping operations
Demand in fledgling market is 'very limited'
- Ageing VLCC finds new life as a storage unit
Sale for oil storage offers alternative to scrapping
- G6 cancels two more February sailings
Alliance cuts capacity to reflect lower volumes during Chinese new year
- Geden Lines sells suezmax Hero for $50m
Price reflects continued improvement in tanker asset values
- Forecasts point to 3% increase in inbound US box volumes last year
Global Port Tracker sees a more positive outlook from improved economic growth
- Asia-Europe 2013 box volumes look likely to beat 2012
Container Trades Statistics figures show November up nearly 4% on-year at 12.7m teu
- Reality bites the capesize market
Brokers say the fundamentals have improved despite seasonal storms
|JANUARY 13, 2014|
- Baltic Trading exercises Ultramax options
NYSE-listed Baltic Trading has exercised options for two additional fuel-efficient Ultramax newbuilds as it continues to grow its fleet
- Wärtsilä's shares rise over Rolls-Royce offer
The share price of Finland's engine maker soared more than 11% yesterday when it became public that Britain's Rolls-Royce had made an offer to buy Wärtsilä
- GasLog green-lights MLP IPO
NYSE-listed GasLog is moving ahead with plans to spin off a portion of its fleet into a separately listed master limited partnership (MLP)
- OSG streamlines international operations
Bankrupt Overseas Shipholding Group plans to outsource technical management of its international-flag tanker fleet to V.Ships and to heighten its focus on pooling
- Container shipping volumes fell 4.7% in November
The volume of seaborne container trade fell by 4.72% to 10.38M teu in November from the previous month, figures gathered by UK-based consultancy Container Trades Statistics (CTS) reveal
- Transfennica steps up capacity
European shortsea carrier Transfennica is expanding its north European continent/Iberia con-ro service following significant volume gains last year
- BW Offshore wins FPSO Polvo contract extension
BW Offshore, the Oslo-listed unit in the Singapore-based BW Group, has signed an agreement with HRT Participações em Petróleo (HRT), the Brazilian oil company, for a one-year extension to the lease and operation of the FPSO Polvo
- Insurers fear Concordia's final voyage
Two years after the Costa Concordia made its fateful journey, the question of where the vessel should be broken up has yet to be decided
- Bullishness pervades shipbreaking markets
Shipbreaking markets turned bullish last week amid a stabilising political situation in Bangladesh, rising steel prices, a dearth of available ships and the upcoming Lunar New Year
|JANUARY 13, 2014|
- Asian Exports on Growth Track, But Risks Remain
- Customs Awaits New Chief, Many Initiatives
- Contship Italia's Container Traffic Surges Nearly 20 Percent
- Teamsters Employees Approve UPS Freight Contract
- Hanjin to Drop Trans-Atlantic Service
- Hapag-Lloyd Close to CSAV Takeover
- NVOCCs See Future Growth in Latin America
- P3 to Change Global Maritime Landscape
|JANUARY 13, 2014|
- When there's smoke...
A long-range-one (LR1) products tanker controlled by Enterprises Shipping & Trading of Greece has landed on the US Coast Guard's (USCG's) latest list of port detentions.
- Prime pounces
Sale-and-purchase brokers have tipped Prime Marine Management as the buyer of two long-range-one products tankers that are among the first to change hands in 2014.
- Augustea tied to buy
Augustea Atlantica appears to be picking up the pace of a campaign to expand its fleet of bulkers.
- Cashing in on the crash
Deutsche Bank is urging investors to accumulate shares of well capitalised companies with exposure to the dry-bulk market on the back of a sell-off fuelled by the seasonal dip in freight rates.
- Capes crash again
Capesize rates tumbled for a second successive session today with over one fifth being shaved off quoted earnings.
- Dof Subsea bags more
Norway's Dof Subsea has clinched fresh contracts worth around NOK 150m ($24.5m).
- Bulker held over pay
A German bulker spent 24 days under detention in Canada over crew wages.
- TOO eyes more bonds
Teekay Offshore Partners (TOO) has launched yet another fundraiser on the Norwegian bond market.
- Costamare chasing cash
Costamare has unveiled plans for its second preferred stock issue in under 12 months at the same time as confirming a huge containership order to meet a contract with Evergreen.
- Scorpio gets Active
Scorpio Tankers has expanded its chartered LR2 fleet with the addition of an Active Shipping vessel, brokers say.
- OSG brings in V.Ships
Restructuring owner Overseas Shipholding Group (OSG) is handing its international fleet over to V.Ships for technical management.
- Nakilat starts engine upgrade
Qatari shipowner Nakilat and its Q-ship LNG charterers Qatargas and Rasgas have finally opted to go ahead with a long mooted engine modification that will allow one of their Q-Max vessels to burn LNG as an alternative to heavy fuel oil.
- BALT pulls the trigger
Baltic Trading has taken its recent spending on new tonnage past the $250m mark after exercising options for a pair of ultramax newbuildings in China.
- ASR sale scrapped
Belgium's court of appeal has torn up a deal that saw a consortium take over Antwerp Ship Repair (ASR) last year.
- ODC thinks big
Oman Drydock Company (ODC) has called 2013 its "strongest year" since beginning operations in Duqm in 2011.
- BW in bond buy-back
Singapore-based BW Group is offering a premium to some bondholders who agree to early redemption.
- Dead cow mystery solved?
A Lebanese livestock carrier has been accused of dumping dead cattle at sea after corpses started washing up on Danish and Swedish beaches.
- GasLog sets MLP rolling
GasLog is ready to spin-off a master limited partnership (MLP) vehicle more than a year after the plan first came to light.
- Tanker loses power
The Irish coast guard has begun an operation to assist a Hellespont tanker after it lost power off the west coast on Sunday.
- Precious scraps oldie
Khalid Hashim has continued fleet renewal efforts at Precious Shipping with the disposal of its oldest vessel.
- Hercules hits Maersk boxship
A Maersk vessel lost 33 containers during a run-in with winter storm Hercules last week.
- Later but cheaper
Icelandic line Eimskip has suffered a further delay to a Chinese boxship newbuilding, but has knocked the price down again.
- More for Pipavav
India's Pipavav Defence and Offshore Engineering has clinched another government contract for a coast guard vessel.
- VLCC scrapping spikes
A jump in the disposal of VLCCs have taken crude tanker scrapping to a 10-year high.
- Hanjin seeks bond backing
Hanjin Shipping looks set to become the second Korean shipowner to apply for a government-backed scheme to refinance debt.
- Coscol back in black
Chinese owner Cosco Shipping Co (Coscol) has made a return to profit for 2013, despite a fall in revenue.
- Goldman set to sell
Goldman Sachs has registered to sell a $56.37m slice of Teekay Offshore Partners.
- HRT extends BWO deal
BW Offshore has secured a contract extension for one of its FPSOs.
- Western Marine adds ferry
Bangladesh's Western Marine has clinched a New Zealand government contract for a new ferry, angering domestic yards.
- Evergreen takes 10 more
Evergreen has continued its expansion effort with the charter of 10 more large containerships.
- Kouan wins duo
Chinese owner Guangdong Shuangtai has returned to its favourite shipyard for two more ro-pax newbuildings.
- Bulker crewman hurt
A US Coast Guard (USCG) aircrew has taken an injured Star Bulk Carriers crewman from a vessel off Washington.
- Indo export ban in place
An Indonesian law banning the export of unprocessed minerals, specifically nickel ore and bauxite, took effect Sunday.
- Swiber set to vote
Swiber Holdings has called an EGM for shareholders to vote on the proposed disposal of its stake in Kreuz Holdings.
- Collision in Channel
Two ships collided in the English Channel early on Saturday morning, but fortunately there were no casualties.
- VTG confirms order cull
Vantage Drilling has confirmed that Sigma Drilling has terminated a drillship newbuilding contract at STX Offshore & Shipbuilding.
|JANUARY 13, 2014|
- Freight shipments up 1.2% from October to November
- Employees vote to ratify UPS Freight contract
Nearly 70 percent of Teamsters came out to cast the in-person vote over the weekend, according to the International Brotherhood of Teamsters. The new master agreement covers 13,000 UPS Freight employees.
- G6 cancels some Asia-Europe sailings
Members of the G6 Alliance today announced the cancellation of two Asia-Europe sailings in response to seasonal changes in market demand.
- Evergreen will charter 10 14,000-TEU ships
The Taiwanese carrier said it had signed charter agreements with both Costamare and Shoei Kisen Kaisha for each to provide, on charter, five 14,000-TEU containerships to be delivered during 2016 and 2017, respectively.
- Leung named Hong Kong commissioner for U.S. trade
- Qatar Airways expands cold-chain capabilities
- International airports see November freight growth
The growth in freight traffic was primarily fueled by the international market, up by 5.4 percent in November, while the domestic market remained sluggish at -1 percent, according to Airports Council International.
- Europe-wide bank freeze rule could benefit shipping firms
- Man engines will power Crowley's Puerto Rico ships
- Menlo's 'Pick to Light Carts' improve order productivity
|JANUARY 13, 2014|
- Indonesia releases detained Chinese bulkers
Indonesian authorities say incompletion of paperwork caused delays.
- Fuel management system helps firm cut costs
Firm reported fuel savings of 4.5%, when under ballast, and 3% when loaded.
- Chinese JV to develop energy-saving propulsion systems
Ship-design firm to invest roughly $4 million towards research, and development.
- Endofa says first year turnover reached $235 million
Bunker supplier and trader says loss of $500,000 'satisfactory' for first year of operation.
- Prices firm in Fujairah
Cape Town distillate prices fall by just under $10 per tonne.
- European prices start week on soft note
Prices down in Istanbul.
- Qatari firm to convert carrier to run on LNG
Q-Max: 'World's first' low-speed marine diesel engine to be converted.
- MPA says December bunker sales were highest for 18 months
Bunker calls up month-on-month.
- Sentek buys tanker
VLCC buy reportedly for storage purposes.
- New UK storage terminal on track
Base for fuel tanks completed, says company.
- Singapore's top suppliers listed by MPA
BP Singapore has been named as the hub's largest bunker supplier by volume for the 10th year running year.
- UK backs marine tech
But with less cash than last year.
- Norwegian firm expands presence in emissions abatement market
Move aimed at strengthening position in NOx reduction segment.
- Players 'optimistic' as merger talks continue
'Weak freight rates and high bunker costs' are driving consolidation in container sector.
- Asian prices start week without direction
Meanwhile, offices in Tokyo Bay were closed for a holiday.
- US owner selects MAN Diesel for engines
Investment is 'significant' for the firm, says chairman and CEO of Crowley.
- South Korea backs ships powered by electricity
Ships able to cut operating costs by some 90%, says report.
- Energy supplier to adopt LNG-powered fleet
Firm to start tests on engine prototype.