|JANUARY 15, 2014|
- Intramar delivers baby formula from New Zealand to Shanghai
- China CSCL gains self-developed 10,000-TEU vessel
- Shandong takes lead in launching e-visa pilot program for seagoing ships
- China surpasses US as world's biggest trading country in 2013
- Lianyungang port opens new port area
- U.S. retail box imports forecast to rise 2.8pc in 2013 to 16.3m TEU
- NCHO Marine accepts cargo for CIS, Afghanistan via south Iran
- Idle fleet swells with 40 over-panamax ships idle at year-end
- Japan expected to fine NYK, 'K' Line, WWL for price fixing
- Cambodian union faces law suits, strikers return at gun point
- Xi'an launches scheduled freighter service to Incheon
- Swiss competition body fines Cathay, SIA for cartel dealings
- Lufthansa Cargo hikes capacity utilisation to 69.9pc in 2013
|JANUARY 14, 2014|
- Bahri Line loads heavy transformers at Mumbai Port
- CaroTrans & MOLAX LINE team up for ocean services between US & Northern Asia
- CSG division charters bulk carriers from affiliate
- DGX enhances ocean services to Latin America
- Evergreen Line charters ten 14,000-TEU vessels
- G6 Alliance announces Asia-Europe schedule update
- Gautam Chatterjee impressed by Seafarers' Home in Kandla
- HMM signs charter contract for six 10,000-TEU vessels
- Maersk Line, APL & OOCL initiate new cooperation on existing Far East-Indian Subcontinent services
- ZIM renews operations in Paraguay
- Export incentives likely for sectors ineligible for EU sops
- Antwerp Port Authority leads the way in sustainable logistics
- JNPT outshines at Major Ports' cultural competition
- Madras HC halts container terminal project at Chennai Port
- Mundra Port not affected by Gujarat HC order on closing units in APSEZ
- Shipping Minister gets Cabinet nod on pending issues, including conversion of Kandla Port land
- Vasan sends first train from Ennore Port's new railway siding on its way
- Freight boosts Railways' total revenue earnings by 13.34 pc in April-Dec.
- Borg Energy to invest in various projects in India
- Industrial output shrinks by 2.1 pc in Nov.
|JANUARY 14, 2014|
- U.S. Coast Guard warns mariners about marijuana use
- Tugboat loses control of barge, sinks
- January 14, 2014 N.Y. City looks to expand ferry services
- Brittany Ferries orders LNG fueled ferry at STX France
- Wärtsilä X72 passes another milestone
- New dry dock boosts Hendry ship repair capacity
- JHSV 3 completes Acceptance Trials
- Bouchard ATB program moves forward at VT Halter Marine
|JANUARY 15, 2014|
- Construction project shutting down Port of Bellingham public pier
- Port of Vancouver teams with WSU for new executive training program
- Sheida Sahandy to take helm of Puget Sound Partnership
- Colleen McAleer sworn-in as Port of Port Angeles Commissioner
- Diana Shipping borrows $18 million to purchase pair of Panamax vessels
|JANUARY 14, 2014|
- Stena Bulk takes back operation and management for LNG carriers
Firm delegated responsibility to a spin-off company but has reconsidered that approach
- OSG will save $30m a year from cutting its international workforce
Bankruptcy court will rule next month on proposed outsourcing to V.Ships
- MacAndrews gains a stake in Bilbao logistics firm
Acquisition makes CMA CGM shortsea player the dominant shareholder
- Aframaxes and suezmaxes are in the money
Smaller tankers make remarkable earnings as daily rates slip for very large crude carriers
- Lunde takes ship management job
Banker stays busy after stepping down at DVB
- Containerisation International moves offices
Leading box shipping publication is off to a new City of London base
- US west coast ports prepare for ILWU negotiations
Suez replaces Panama Canal as threat to Los Angeles and Long Beach container traffic
- Maersk, APL and OOCL announce new Asia-India tie-up
Carriers to deploy a total of 18 vessels on three services, with an average weekly capacity of 17,500 teu
- Euronav equity issue raises $50m
Money will support the takeover of Maersk's VLCC fleet
- Maritime Maisie salvors still battling fire as refuge requests go unanswered
Japan coastguard turns away chemical tanker ablaze since a collision two weeks ago
- MOL to sell 49% of its US terminal assets
Talks under way with Canada-based Brookfield Asset Management
- December record Chinese oil imports give VLCC owners cause for cheer
But January daily earnings fall as the country's imports slow
- Woodside agrees Pluto LNG supply deal with Japan
First shipment leaves Australia in April under three-year contract with Chubu Electric
- HMM will sell all its Shinhan Financial Group shares
Debt-laden South Korean carrier plans new disposal to boost cashflows
- Chan announces Teekay Tankers retirement
Chief executive steps down this summer after 18 years with the company
- Brussels lifts its ban on shipping Iranian oil
Six-month suspension starts next week as Tehran curbs its nuclear programme
- Nordea drops Eitzen Chemical loans
Agent bank offloads one of three credit facilities
|JANUARY 14, 2014|
- Diamond S settles OSG claims
Wilbur Ross-linked Diamond S has agreed to sharply reduce its charter-rejection claims against bankrupt Overseas Shipholding Group
- Chan to exit Teekay Tankers
NYSE-listed Teekay Tankers has announced the resignation of chief executive officer Bruce Chan, effective 20 June
- OSG to lay off 210 employees
Bankrupt Overseas Shipholding Group plans to lay off almost all of the shore-side staff in its international tanker division
- Brittany Ferries orders LNG vessel
French English Channel ferry operator Brittany Ferries has placed an order worth a reported €270 million ($369M) with STX France for the construction of a new vessel powered by liquefied natural gas (LNG)
- APL, Maersk and OOCL to co-operate on services
APL, Maersk and OOCL will team to provide three weekly sailings on three existing Far East-Indian subcontinent services, starting in February
- Moody's says BW Group's bond buy back is credit positive
Moody's Investors Service, the US-based credit ratings agency, said that the BW Group tender offer on its $500M senior secured bond is credit positive
- HMM to sell stake in Shinhan Financial Group
South Korean carrier Hyundai Merchant Marine said today it would sell 2,084,344 shares it holds in compatriot banking group Shinhan Financial Group
- BW Group starts to buy back notes due in 2017
BW Group, the diversified Singapore-based shipping and offshore services group, said it had commenced buying back an issue of notes that carry a 6.625% coupon and that are due to mature in 2017
- Detained Chinese vessels left Indonesia before ban
Chinese vessels detained at South East Sulawesi Province, Indonesia, left the port before 12 January, the due date of Indonesia's ban on raw ore export, according to China's largest maritime social website
- Chubu to buy gas from Woodside LNG
Woodside Petroleum today announced it had signed a sales and purchase agreement with Japan's Chubu Electric Power Co.
- MOL Australia awards GAC three-year contract
Gulf Agency Company (GAC) Australia, announced it has signed off on an exclusive three-year contract to provide Mitsui OSK Line (MOL) port and ship agency services across Australia
- New head of shipping named at Deutsche Bank
Deutsche Bank has closed the leadership gap in its ship finance division following the departure of Ralf Bedranowsky in mid-2013r
- Ferry passengers still stranded in Philippines
A total of 167 passengers and 12 vessels remain stranded at Philippine ports today due to rough seas caused by a low pressure area off the southern part of the country
- G6 Alliance cancels two more Asia-Europe loops
The G6 Alliance has cancelled two Asia-Europe sailings in response to seasonal changes in market demand
|JANUARY 14, 2014|
- US House Leader Aims to Bring Surface Bill to Floor by August Recess
- US Legislator: Action Soon on Cargo Preference
- Delivery Key to International E-Commerce Growth
- US Beef Exports Set Record in November
- Container Rate Indexes Run in Contracts, But Crawl in Futures Trading
- Shippers Can Expect More Volatility in Trans-Pacific
- China's Export Mix Shifts to Higher-End Goods
- Welch: Teamsters Didn't Vote to 'Place Themselves Out of a Job'
|JANUARY 14, 2014|
- LPG steals the spotlight
A leading equity analyst has initiated research coverage of four publicly-traded operators that are poised to cash in on what he believes to be one of shipping's hottest sectors.
- All eyes on Indonesia
Indonesian naval forces appear to be intensifying patrols in response to a ban on the export of unprocessed minerals.
- OSG plots demo deal
Overseas Shipholding Group (OSG) is looking to offload one of its oldest aframax tankers.
- Berge Bulk goes Greek
Berge Bulk of Singapore has signed a one-year contract for a Greek-owned capesize bulker, brokers say.
- Marad boss clears hurdle
A US Senate panel has given its nod to the nomination of Chip Jaenichen to lead the US Maritime Administration (Marad) on a permanent basis.
- Crewboat trio rescued
Three crewmen managed to escape from a windfarm support vessel before it sank in flames in the North Sea.
- Rem board revolts
Rem Offshore directors have failed to back a potential $37m offer for its remaining shares by CEO and owner Age Remoy over price.
- Iranian sanctions easing
The European Union is to suspend Iranian sanctions on 20 January following last November's landmark agreement.
- Opec output edges up
Opec output edged up in December to 29.72m barrels per day (bpd).
- Diana fixes and finances
Diana Shipping has found a taker for one of its panamax newbuildings under construction in China.
- Tanker under tow
A powerless Hellespont tanker has been taken under tow off the west coast of Ireland.
- STX seals ferry deal
Brittany Ferries has confirmed a EUR 270m ($369m) order for the world's largest LNG-powered passengership at STX France.
- Ro-pax capsizes off Jakarta
No casualties have been reported after the sinking of a ro-pax in the port of Tanjung Priok, Indonesia.
- HMM eyes more sales
Korean shipowner Hyundai Merchant Marine (HMM) plans to offload its stake in a compatriot financial services company as part of its efforts to boost liquidity.
- Mundra in the clear
India's port of Mundra is still working normally despite a court ordering operator Adani Group to shut down 12 of its units there.
- Three seized from ro-ro
West African pirates have taken three hostages from a ro-ro after an attack off Equatorial Guinea.
- Moody's lauds BW move
BW Group's offer to buy back some bonds could save the company as much as $33m per year, according to Moody's.
- Trio team for India
Container lines APL, Maersk and OOCL are teaming up with five other owners on Asia to India business.
- Kayne lifts KNOT stake
Kayne Anderson has strengthened its holding in KNOT Offshore Partners after taking a bundle of extra units worth around $10m.
- Skov gets busier
Danish shipowner Clipper Group has added two new directors to its board, including Hafnia Tankers CEO Mikael Skov.
- LSC sell off continues
Lithuanian Shipping Company (LSC) has sold another multipurpose (MPP) ship as it accelerates plans to focus on the handysize segment.
- Drummond's downer
A ban on Drummond's shipments from Colombia will haul down steam coal exports from the country by around one third, Reuters reports.
- No let up in attacks
Waters around Indonesia have seen a surge of robbery incidents in the first two weeks of 2014 latest figures show.
- Euronav seals round one
Euronav has completed the first of two equity issues which will finance the $1bn takeover of the Maersk Tankers VLCC fleet.
- G6 chops two
The G6 Alliance of boxship lines has cut capacity further on Asia to Europe trades.
- OSG wielding axe
OSG looks likely to make most of its international management team redundant as it brings in V.Ships to handle its overseas fleet.
- Tallink crew to strike
Tallink crews are threatening strike action in a dispute over pay.
- CMRE set to raise $100m
Greek shipowner Costamare looks set to raise at least $100m from its latest fund raising exercise unveiled on Monday.
- Chan heads for exit
Teekay's spin-off Teekay Tankers is looking for a new chief executive, the company disclosed last night.
- Ezra eyes spin-off
Ezra Holdings is considering spinning off its subsea services division EMAC AMC, the company has disclosed.
- US ports eye good start
Import volumes at the major US container ports are expected to grow 4.8% in January, a leading trade body has forecast.
- GASS loses glow
A leading Wall Street analyst has downgraded shares of Greece's StealthGas based on a bet that it's going to be outshined by the likes of Dorian LPG and other operators that intend to pursue New York listings.
|JANUARY 14, 2014|
- NEWSFLASH: Canadian firm buying stake in TraPac Terminals
MOL is planning to sell a 49-percent interest in its TraPac terminal subsidiary to a Canadian company, Brookfield Asset Management.
- ModusLink moves contact center support to the cloud
- Manufacturing up, retail down in Q4
- Senators: Crude transport by rail needs review
"The recent series of explosions and accidents involving oil trains demands an investigation and review of our current safety practices and regulations," Senators John Rocekfeller and Ron Wyden said.
- Terex chooses Amber Road
- Florida governor pledges $138 million for ports
- ILA members reject contract in Baltimore
ILA members approved a national master contract that covers containerized cargo last April. But negotiations over local issues and handling of breakbulk cargo continued in some ports, including Baltimore.
- Senate committee OKs Maritime Administrator
- Carriers cooperate on Far East-India services
CMA CGM, Maersk, APL, OOCL, Emirates Shipping, Hamburg Süd and Regional Container Lines will cooperate on services between the Far East and Indian subcontinent starting next month.
- Nation needs improved infrastructure, says Caterpillar president
- With crack repaired, MSC Monterey en route to Boston
Reederei NSB, the owner of the containership MSC Monterey, said repairs on its cracked deck and hull have been completed.
- SDV reinforces its Benelux network by acquiring EDT
|JANUARY 14, 2014|
- IFO prices flat in Fujairah and Suez
Mixed price movements in South Africa.
- Prices lack direction in European markets
Soft demand in Gibraltar.
- Low-density fuel oil cargoes being diverted to Singapore
Fujairah prices soar as low-density fuel oil avails tighten.
- World's 'largest LNG fuelled ferry' to be in operation in 2017
Brittany Ferries to sign construction contract on Tuesday.
- EU to lift ban on Iranian oil cargoes
Temporary move follows agreement on Islamic republic's nuclear development.
- Cruise line back-tracks on 'ECA port decision'
Carnival Cruise Lines to return to US port having earlier blamed ECA regulations for its departure.
- Asian IFO prices hold steady
MGO prices have weakened at most ports.
- China: Small-scale LNG carriers to serve inland market
LNG bunkering seen as spur to regional demand.
- Germany's 'first' LNG-fuelled ferry will enter service next year
Newbuilding on track for delivery in April 2015, according to shipyard.
- Nigeria: No 'special levies' for ship bunkering sector
'Bunkering will not be constrained by government.'
- Hong Kong sulphur cap regulations drafted
New ruling to take effect from April 1.
- Evergreen further reduces operating costs
Orders 10 vessels that are 'fully equipped' with fuel saving technology.