Aronnax: Intelligent ships need intelligent seafarers - 850,000 of them If projections for growth in global trade up to 2030 are accurate, the global fleet may need to swell by 70%
London Gateway, a work in progress Containerisation International visited the UK's newest port for a 12-month progress report
Borromeo to continue as InterManager president Phillipine Transmarine Carriers chief executive to serve until 2016
APM Terminals wins fight to build Moin Container Terminal Costa Rican court rejects union claims it will create an 'illegal monopoly'
Data Hub: World Fleet update Both fleet capacity and the tally of ships increased in September
OPDR to launch Europe-north Africa service Volumes on the trade lane have been growing at double-digit levels so far this year
Onassis snaps up capes as shipping exposure 'recalibrated' Legendary name is back with a focus on secondhand acquisitions and retrofits
Data Hub: Trade Statistics Onwards and upwards for container demand
China reinstatement of coal tariffs could be preamble to iron ore tax, says analyst Tariff on coal to be imposed mid-October will hit Australian miners
Risks in container shipping TT Club boss urges container shipping to ensure that cost efficiency does not affect safety
Robberies take toll on Asian shipping Authorities have been urged to step up efforts to reduce crime against shipping in Asia
New HHI president launches annual management reshuffle a month early Some 200 positions will be retained or reassigned and 60 position will be open for promotion, bringing new blood
Norden's biggest shareholders terminate mutual agreement Two of the biggest shareholders in listed Danish dry bulk carrier and product tanker owner DS Norden, have decided to terminate their mutual shareholder agreement. The two shareholders are A/S Motortramp, a Danish holding company, which has 28.1% of the shares in Norden and Polyshipping AS, which
India's LNG plans flounder India's plan to build at least three of the nine LNG ships to be hired by GAIL India from fleet owners to haul gas from the United States is wobbling. This is primarily because LNG shipbuilding specialists in Korea and Japan are not keen to tie-up with Indian yards, a key requirement for local
Finland to halve fairway dues As part of its budget proposal for next year, the Finnish government has planned to temporarily cut fairway fees. Fairway charges will be halved for three years starting in 2015 and will give shipping companies some relief from the extra costs that will be incurred by the introduction of the Tier
Ventspils feels bite of Russian sanctions Freeport of Ventspils (FPoV), one of Latvia's two main ports, announced in the first eight months 2014 a throughput of 19M tonnes, but the outlook is not as bright due to sanctions imposed on Russia begin to bite. Board Chairman Aivars Lembergs commented: "A number of FPoV terminals are stable and
Franbo orders three bulkers Taiwanese shipowner Franbo Lines has turned last month's letter of intent signed with Japanese ship brokerage, consulting and fund management company Exeno Yamamizu into an order for three new bulkers. The shipbuilder and therefore delivery schedule of the three 16,500dwt vessels was not revealed
K+N sees cargo growth picking up The world's largest ocean freight forwarder Kuehne + Nagel (K+N) continues to gain market share this year, with its booking volumes rising twice as fast as global container traffic in the first nine months. The Swiss-based group posted an 8% increase in cargo bookings to 2.9M TEU for the period
Mass flow meters here to stay The Coriolis mass flow meters (MFM) are here permanently, according to Simon Neo, director of Piroj International in his speech for the Singapore International Bunkering Conference (SIBCON) 2014. The former International Bunker Industry Association (IBIA) chairman believes that MFM is a proven
HHI goes through reshuffling Hyundai Heavy Industries (HHI), the world's biggest shipbuilder, has revamped its senior management team as part of measures to restore profitability. The move comes after HHI recorded a net loss of KRW616.6Bn ($595.5M) and an operating loss of KRW1.1Trn in 2Q14. The shipbuilder is on course for
Chinese yards' new orders will likely fall y/y The new orders won by Chinese shipyards in 2014 are unlikely to be on the same level as those seen in 2013, a top researcher with one of China's largest shipbuilder group said today. The new orders awarded to the Chinese yards will decline in the end of fourth quarter 31 December year on year
G6 announces Asia-US East Coast winter programme G6 Alliance announced its winter programme for Asia-US East Coast services yesterday in response to seasonal changes. The NYE and SCE services will be combined and the port rotation will be changed to: Xiamen, Kaohsiung, Hong Kong, Yantian, Shanghai (Yangshan), Pusan, Panama Canal, Manzanillo,
SembMarine to see recovery in vessel repairs Singapore-listed offshore services provider, Sembcorp Marine (SembMarine) may stand to benefit from lower oil prices in vessel repairs, according to Lee Yue Jer, an analyst from DMG & Partners Securities. Lee believes that lower oil prices could spur a recovery in vessel repairs as shipowners
SCI launches India-Myanmar service The Shipping Corporation of India (SCI) has launched a direct container service for an India-Myanmar route. The fortnightly service, with a 1,200teu vessel, will connect Chennai-Krishnapatnam-Yangon- Colombo. The bulk of the vessel's cargo to Myanmar is expected to be cement with the return cargo
China's exports see September surge China saw its export increase by 15.3% year on year (y/y) to $213.7Bn in September, making it the highest growth since March 2013, its customs data showed on Monday. The country recorded a total foreign trade volume of $396.3Bn, up by 11.3% from a year ago, the general administration of customs
Brittany Ferries drops LNG conversions plan French ferry operator Brittany Ferries has dropped plans to convert three of its vessels to liquefied natural gas (LNG) propulsion on the grounds that its pleas for a temporary exoneration from the 1 January deadline for the introduction of the 0.1% marine fuel sulphur limit have been ignored. The
Orbcomm hopes to get chassis, containers talking Right from the start, new technology that can track container chassis could help alleviate some of the chaos at congested U.S. seaports and improve port productivity. But in the longer term, the chassis management system could offers shippers, carriers and customers a much clearer view of supply chains, and the...
Europeans rapidly adopting truck fleet telematics, Berg Insight says The use of fleet management systems or telematics to track commercial vehicles is expected to nearly double in Europe by 2018, driven in part by heavy truck makers that are making the systems standard equipment in their new models, research firm Berg Insight said today. The increased use of telematics -...
Spot market truckload volume rose 32 percent in September, DAT says Weekly and seasonal volume trends and rates may fluctuate, but the latest monthly figures from DAT Solutions show the overall direction of the truckload spot market is up. Spot market freight volumes on DAT load boards climbed 32 percent year-over-year in September, according to the DAT North American Freight Index,...
Frequent sailing schedule changes challenge shippers From July through September, there were roughly 22.5 million global sailing schedule changes on more than 1.3 million schedules from 20 carriers, underscoring the challenges of shipment planning, according to a new report from CargoSmart. "Frequent sailing schedule changes can make it challenging for shippers to prepare export filings before cargo...
UPS Freight to roll out optional density-based rates UPS Freight will roll out optional dimensional weight pricing to customers before the end of the year, a spokeswoman confirmed this week to DC Velocity. UPS Freight has piloted density-based rates in small programs, and expanded the pilots in May. Starting Dec. 29, the company will begin allowing its shippers to...
China Trade Management Having already become the world's largest merchandise exporter, China's economic growth no longer centers around expanding the nation's presence in foreign markets. Although a wide range of U.S. companies - including small and midsize exporters - have flocked to China, most face a wide range of challenges in their efforts...
J.B. Hunt gains on growth in intermodal volume, truck rates U.S. shippers turned to J.B. Hunt Transport Services for capacity in the third quarter, whether moving goods on road or on rail. The carrier increased intermodal volumes 8 percent year-over-year in the quarter, despite slower train speeds and limited drayage capacity. The Lowell, Arkansas-based company added a net 538 revenue-producing trucks...
Puerto Rico seeks partner to help develop Ponce port Puerto Rico's government is looking for a major global port operator to partner with to develop the Port of the Americas in Ponce, on the southern coast of the island, ahead of the Panama Canal opening in early 2016. The central government of Puerto Rico has invested more than $285 million...
US ports rethink strategy in effort to boost efficiency Container ports since the 1980s have competed fiercely for market share, investing billions of dollars in terminals and port infrastructure to become load centers for their regions. About three years ago, the very shipping lines that U.S. ports were trying to attract, suddenly and without advance notice, flooded the ports...
NYNJ 'gray' chassis plan expected by mid-2015 An industry committee hopes to agree by mid-2015 on a plan for interchangeable "gray" chassis in the Port of New York and New Jersey, a port authority official said. Beth Rooney, the port authority's assistant director for port performance initiatives, offered no details, but said the chassis committee of the recently...
Intercontinental Visibility Scorecards: Event Data Quality Increased globalization of the supply chain is causing shipments to spend more time in the transport and logistics pipeline, particularly the ocean. Often overlooked is the link between costs and intercontinental shipping event performance. The Aberdeen Group's brand new report, Intercontinental Visibility Scorecards: Event Data Quality, polled 142 shippers to investigate: Which...
Visakhaptnam port remains closed two days after cyclone hits The Port of Visakhapatnam remained closed to vessel operations Tuesday, two days after Cyclone Hudhud left devastating damage to India's eastern port city. Local shipping sources said authorities are in the process of assessing damage to the dock and cargo-handling equipment. "The port could remain closed for a few more days...
Panama pilots won't reopen canal contract, citing safety risks The Panama Canal Pilots Union will not try to renegotiate its contract with the Panama Canal Authority this year as both parties are allowed under the existing contract. The announcement by the union that represents the canal's 256 pilots is the latest move in a simmering dispute over the loss of...
Israel Corp. to spin off stake in Zim container line Israel Corp. will shift its stake in Zim Integrated Shipping Services, along with several other companies, to a holdings company that will be listed on stock exchanges in New York and Tel Aviv, the company announced. The company said it will move its stakes in four companies, including container carrier Zim,...
Devious practices challenge foreign companies in China Despite its dramatic economic expansion and the growing sophistication of such cities as Shanghai, China is still "a lot like the Wild West," says Susan Kohn Ross, an international trade attorney with Mitchell Silberberg & Knupp in Los Angeles. "Some companies in China are very reputable, but there are a...
World's idle container fleet falls to 38-month low The idle container ship fleet has fallen to its lowest level since August 2011 with just 1.1 percent of vessels above 500 20-foot-equivalent units without work, according to Alphaliner. The jobless fleet totaled 133 vessels and 202,000-TEU capacity on Oct. 6, of which only nine ships are owned by ocean carriers. This...
US exporter concerns temper their enthusiasm about China Despite all the headlines about growing political friction with China, U.S. business activity in Asia's largest market has grown at an exceptional pace over the past decade. In July, bilateral U.S.-China commodity trade amounted to $49.4 billion, more than twice the $20.2 billion recorded in July 2004. U.S. exports over that...
DRYS in cash dash DryShips is racing to secure another loan under a broader bid to refinance a convertible bond that matures in less than two months, sources claim.
Genmar Daphne detained Canadian authorities have detained a General Maritime tanker off Quebec ahead of a scheduled lifting of an oilsands export cargo.
York takes aim at LNG York Capital Management of the US has joined the growing list of private equity firms that are trying to break into the LNG business.
Lenders love 'simplicity' Some operators are finding that cash is hard to come by in today's market but others appear to be lining up loans with relative ease.
Euronav lands $340m loan Euronav has lined up a $340m credit facility that will be used to refinance debt and help fund the recent acquisition of four VLCCs.
SwissMarine takes a third SwissMarine has taken a third capesize bulker on a period contract in as many weeks.
Russian AHTS charter ends Viking Supply Ships is poised to pocket an early termination fee following the premature conclusion of a fixture involving one of its anchor handlers.
Oil progress for Rongsheng Struggling Chinese shipbuilder Rongsheng has seen its efforts of entering into the oil business develop "smoothly".
Tanker lifts Kurdish oil The first vessel to ever carry Kurdish oil has loaded again from a pipeline terminating at the Turkish port of Ceyhan, bringing the total number of exported barrels to 17m.
Bestway much better Shanghai's Bestway Marine Engineering Design is predicting a big jump in profit for the first three quarters.
Stuck in the mud Pacific Basin Shipping presented a bleak view of the dry cargo market rebound in a third quarter trading update today.
More for CSG China Shipping Group (CSG) is selling more short-term notes to refinance debt.
Better late than never An upturn in Brazilian iron ore shipments could still take capesize spot rates to more than double today's levels in the so far disappointing fourth quarter, a new report says.
Pac Basin sees red Hong Kong-listed company blames Indonesian export bans and China's reduced imports for first half performance.
Cash for ex-STX staff The European Commission is handing over EUR 1.4m ($1.77m) for the retraining of former shipyard workers in Finland.
Owner not liable A UK court has ruled that a shipowner cannot be held responsible for cargo damage caused by stevedores, in a potentially significant ruling for charterers.
Tallinn wins route Estonia's efforts to find an operator for two ferry services to the west of the country have finally borne fruit.
APM's terminal ratified A Costa Rican court has given AP Moller-Maersk the green light for the construction of a new container terminal in the country's Limon province.
Goldman grows gas stable Goldman Sachs Asset Management has hiked its exposure to the LNG shipping market with the addition of shares in two leading MLPs.
CSSC profit surges State-controlled China State Shipbuilding Corporation (CSSC) has logged an improved net profit for the nine-month period from January to September.
Eimskip gains access Committee rules Icelandic owner must see documents relating to last year's dawn raid on its offices.
CSIC shares rise China Shipbuilding Industry Co (CSIC) has seen its stock price jump after unveiling a restructuring plan.
Teekay boost for Sembcorp Sembcorp Marine's largest contract win this year has raised hopes for a stronger 2014 intake.
Brittany pulls plug on LNG France's Brittany Ferries has ditched its plans to build an LNG-fuelled newbuilding and convert three of its existing ships to run on gas after being refused an exemption from incoming emissions regulations.
HIT profit slips Indonesia's Humpuss Intermoda Transportasi (HIT) has seen its profit slip to less than $1m in the first half of 2014 as operating expenses rose.
Officer in murder probe A Greek officer on an Angelicoussis capesize has been arrested on suspicion of murder in Norway.
Franbo signs for trio Newly-listed Taiwanese owner Franbo Lines has ordered three new bulkers with a Japanese partner.
Panama Canal busier The Panama Canal has logged higher ship tonnage figures for its financial year ending 30 September.
Containers tracked Maersk Line has successfully completed the project of pinpointing lost containers that fell from a boxship in bad weather in February.
Tax to dent bulkers China's decision to reinstate import tariffs on coal imports is largely negative for the dry bulk sector, analysts have warned.
Asia piracy surges Incidents of maritime piracy in Asian waters have reached a five-year high, an anti-piracy watchdog has warned.
Box volumes to spike US container traffic is forecast to set a new monthly record in October, according to a major trade association.
KS Energy eyes bonds KS Energy is not allowing the current weakness in the oil and gas sector to put it off from looking to raise fresh funds.
HHI's management cull Hyundai Heavy Industries has reportedly called for the resignation of more than 260 executives, The Korea Herald reports.
No ECA exemption influenced ferry decision But three ferries will be fitted with scrubbers.
Bunkerworld price index sees prices drop 6.4% in two weeks Singapore hub sees 'abundant' supplies and thin demand.
Inatech and Petromedia launch online bunker RFQ platform New tool provides buyers and sellers with an effective bunker RFQ platform that enables fair and transparent pricing.
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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