Interactive film explores Somali piracy An interactive documentary on Somali piracy has been released online. Produced by Submarine Channel, Last Hijack Interactive delivers an immersive experience of a vessel hijacking in Somalia. The documentary covers the incident from both Western and the Somali perspectives via a pirate, a captain,
Dynamar forecasts steady Med growth Dynamar has forecast that intra-Mediterranean trade will continue to pick up from 14.9M teu last year to 15.6M teu in 2015 and 17.1M teu in 2017. In a new near-term forecast the Netherlands-based shipping analyst estimates that throughput across the 95 main ports involved in the intra-Med container
Nigeria counts cost of port strike Lagos Port Complex, Apapa, has re-opened after a two-week strike that cost an estimated NGN60Bn ($350M) and leaves a risk of further disruption. Freight forwarders, customs agents, shippers, and truckers had acted over what they see as excessive charges from shipping companies and terminal
Nigeria could revive state shipbuilder Nigeria's government may seek to revive the country's state shipowner as part of its efforts to develop a sustainable maritime industry, according to the website Shipping Position. President Goodluck Jonathan was last week reported to be considering the re-establishment of Nigeria National Shipping
China's Maritime Silk Road alarms India A row in the Maldives has highlighted Indian anxiety over China's Maritime Silk Road (MSR), a multibillion-dollar maritime corridor scheme announced by President Xi Jinping last year. In September, when Maldivian President Abdulla Yameen enthusiastically accepted China's invitation to join the MSR,
Drug ship tried to escape to Zanzibar A court in Mombasa heard how cargo vessel Amin Darya tried to alter course for Zanzibar after being intercepted by Kenyan naval ships, which escorted it to Mombasa port on 2 July. Also known as Al Noor, the Iranian-registered ship was found to contain 377kg of heroin worth up to $20M - some of it
Nigerian masters call for more training The Nigerian Association of Master Mariners (NAMM) last week joined calls for urgent action to get more Nigerians working on the nation's shipping. NAMM president Capt Ade Olopoenia said master mariners are "greatly worried by the dearth of indigenous seafarers", according to the National Mirror.
Sewol captain appeals conviction The captain of the Sewol today joined other members of the ferry's crew in filing an appeal against his conviction over his role in the vessel's loss. Capt Lee Joon-seok was sentenced last week to 36 years in prison for gross negligence over the deaths of more than 300 people. All the vessel's 15
HHIC wins two ice-breaking box ships Hanjin Heavy Industries & Construction (HHIC) has won an order of two 1,900teu ice class container ships totalling about KRW74.9Bn ($68M). &quo;The ships ordered from an undisclosed European shipowner will be built at our Youngdo shipyard,&quo; said HHIC. "Each of the vessels will have an overall length
Second-hand dry bulkers to stay cheap Dry bulk carrier values are still sliding and recent transactions underline the soft market, say Erik Nikolai Stavseth and Kurt Waldeland, shipping analysts at Arctic in Oslo. "According to shipbrokers, the 2010-built Newcastlemax 'First Ibis' fetched around $45M in the second-hand market last
China Shipping to sell Lianyungang stake China Shipping Terminal Development, a subsidiary of China Shipping Group, aims to sell its 49% stake in a terminal operator in Lianyungang port for at least CNY9.8M ($1.6M). Lianyungang Xindongrun Terminal - a 51/49 joint venture between Lianyungang Port and China Shipping Terminal Development -
ULCC influx to push down rates in 2015 Delivery of an estimated 54 container ships of at least 10,000teu to Asia-Northern Europe services between October 2014 and December 2015 will transform the market, says London-based consultancy Drewry. In its weekly container shipping market overview, Drewry said the vessels could help bring
Box lines to levy $1,000 congestion fee Trans-Pacific container lines are to pass onto shippers their added costs from escalating congestion at US West Coast ports. From 17 November "a number" of box carriers among Transpacific Stabilization Agreement's (TSA's) 15 members intend to charge up to $1,000/feu for cargo moving via these
Korean shipbuilder HHIC posts $73.3M loss in 3Q14 South Korean multinational shipbuilder Hanjin HI & Construction (HHIC) posted a KRW80.3Bn ($73.3M) loss in 3Q14, a widened figure by 74.5% compared to the KRW46Bn loss of 3Q13. The 3Q14 sales figure of KRW563Bn dropped compared to the same quarter last year of KRW592Bn. Operating loss of KRW61Bn in
Two tankers collide off Indonesia Two tankers have collided off Pulau Durian, Indonesia, on Friday morning. Indonesia-flagged Sinar Johor was involved in a collision with MT Orchid Marine in Selat Durian off Pulau Durian in Lat. 00 39N, Long. 103 43E at 04.00 hours local time on Friday. No injuries or pollution were reported from
KSS Line posts $6.1M profit South Korean gas and chemical shipping company, KSS Line, incurred a KRW6.7Bn ($6.1M) profit for 3Q14, a 60.6% increase from the same quarter last year. The sales figure for 3Q14 reached KRW33.7Bn, a 7.4% up from 2Q14. KSS Line said, &quo;The US shale gas boom and introducing two very large gas
HMM secures $221M profits for 3Q14 Hyundai Merchant Marine posted a KRW242.7Bn ($221M) profit for 3Q14, reaching a turnaround after the company recorded a KRW10Bn loss for the previous quarter. HMM said through a press statement, "The turnaround was made thanks to selling LNG shipping business and stakes in Hyundai Logistics." South
PB Sea-Tow Holdings in OMSA disposal Pacific Basin subsidiary in deal with Skilled Offshore to sell stake in joint venture
MOL Comfort casualty will not affect shipowner financially All damages are fully insured regardless of outcome of MOL-MHI lawsuit
ICAP and Howe Robinson rumoured to be in merger talks Speculation follows last week's news that Clarksons is planning to buy RS Platou
China will boost storage if oil price stays low, keeping tankers busy China to speed construction of extra reserve sites
Anger grows as shipping counts cost of OW bankruptcy Dozens of companies left to chase debts that, in many cases, 'look irrecoverable'
Paris MOU reports 113 vessel detentions for MLC deficiencies Figures cover the 12 months since the entry into force of the MLC in August 2013
Many companies likely to be caught up in OW fallout Owners and charterers that have received bunkers from OW Bunker, its affiliates or subsidiaries, could be a risk, warns Skuld
Supply chains will adapt as 3D printing evolves GT Nexus' Boris Felgendreher looks at the impact that the new manufacturing could have on supply chains
VLGC earnings dip but still high by historical standards Chartering activity west of Suez Canal has dried up
When lifeboats become death boats It is ironic that equipment put on board to save lives has probably harmed more people than it has ever saved in the past quarter century
China Shipping raises the stakes in game of survival The world's seventh-largest carrier has offloaded assets in order to avoid delisting, but is its future any brighter?
Jinhui boss looking for an easing of oversupply A tighter environment for lending money for shipping projects may aid the dry bulk recovery, says Raymond Ching
West coast congestion surcharges roll in Shipping lines begin to announce the introduction of surcharges as congestion at US ports continues
Berge Bulk in no hurry to place orders after recent expansion Chief executive James Marshall sees no need to book newbuildings unless demand from cargo owners emerge
The experiment is over: gas fuel is commercial Lloyd's List Webinar offers the market leaders to answer your questions on stepping into LNG powered shipping
Economou eyes mergers between public and private fleets Magnate seeks to expand DryShips as pure bulker play, but dismisses talk of consolidation in shipping
TSA Lines announce whopping December rate increase Sensing a potential capacity crunch in the run-up to Chinese New Year, member container lines in the Transpacific Stabilization Agreement are recommending a $1,000-per-40-foot container rate increase to take effect on Dec. 15. It is the largest single GRI sought in years in the trans-Pacific and reflects stronger volumes and...
LA-Long Beach container throughput slowed in October Container throughput growth at the largest port complex in the Americas slowed in October following a strong September, driven by a decline in exports that partially offset a gain in imports. Full-size imageTotal container volume at Los Angeles-Long Beach in October was up 3 percent year-over-year, fueled by a 6 percent increase...
Savannah's TEU growth outpaces US average, with no congestion As Los Angeles-Long Beach remains mired in congestion, Savannah is in cruise control, handling double-digit increases in imports, much faster growth than the national U.S. average, and doing so with nary a sign of delays. "We're busy right now for sure, but it's business as usual. All of our service metrics...
Transplace upgrades 'Customs Portal' to speed US-Mexico border freight Transplace is deploying technology that helps shippers get goods across the U.S.-Mexican border more quickly, cutting truck transit times by improving the customs process. The third-party logistics company last week said it is upgrading its Customs Portal, a proprietary system that automates transactions between shippers, importers and customs. "Leveraging the portal can...
Trans-Russia container rail operator may double capacity The operator of a fixed-day weekly container train recently launched between the Russian Far East and Moscow, which has handled just 1,800 TEUs to date, says heavy demand is leading it to consider doubling capacity with a second service. The announcement comes as Asia-Europe container rail routes connecting China to...
Teamsters expand trucker protests at LA-LB ports A Teamsters-affiliated organization on Monday expanded its week-long protests at Los Angeles-Long Beach against three drayage companies, by targeting three additional ones. The drivers are picketing six marine terminals as well as the yards of the three new targets. The drivers are protesting alleged wage theft and misclassification of their...
Cargolux posts best ever October figures Cargolux, Europe's largest all-cargo carrier, posted its best ever October, with its fleet of 22 Boeing 747 freighters breaking records for tonnage, revenue and block hours. Tonnage grew 6.7 percent and net revenue was up 9.9 percent from a year ago, making October the second-best month in the Luxembourg-based airline's history...
Flood of mega-ships may alter dynamics of Asia-Europe trade, Drewry says The Asia-North Europe trade faces a "huge" impact from the influx of more than 50 ultra-large container vessels over the next 15 months, matching that of the formation of new carrier alliances, according to Drewry shipping consultants. The deployment of an estimated 54 new ships of at least 10,000 TEUs capacity...
Crowley wins second LNG transport contract Crowley Maritime Corp.'s liquefied natural gas services group has won a second multiyear contract to supply containerized, U.S.-sourced LNG to a major pharmaceutical company's manufacturing plants in Puerto Rico. The Jacksonville, Florida-based company's Carib Energy subsidiary contracted to provide the LNG, which will be transported in 40-foot tank containers, each carrying...
EU OKs Etihad acquisition of 49 percent of Italy's Alitalia Etihad Airways expanded its cargo footprint in Europe's third-largest air freight market after European Union regulators approved the fast-growing Arab gulf airline's acquisition of a 49 percent stake in loss-making Italian-flag carrier Alitalia. The deal, waved through after the carriers agreed to surrender slots on the Rome-Belgrade route, paves the way...
Hamburg Sud christens second of three 9,000 TEU-class ships Hamburg Süd last week took delivery of the last of three 9,034-TEU ships and christened the second of them in Singapore and deployed it on its service between Asia and...
SingPost, UPS pour investment into e-commerce infrastructure HONG KONG - China's e-commerce business catches the headlines because of the sheer scale of internet shopping in the country, but the growing trend towards ordering goods online is seeing huge investment in infrastructure and technology being made outside its borders, both in Asia and in the U.S. Singapore Post (SingPost)...
US drives air cargo rebound, but crystal ball hazy into 2015 HONG KONG - The strong rebound of trans-Pacific trade will ensure the air cargo industry enjoys a happy festive season this year, but few are prepared to forecast the robust growth will continue much past Chinese New Year. With up to three weeks remaining of the peak season, volumes remain buoyant....
Hong Kong posts fourth month of declining throughput HONG KONG - Hong Kong's container volumes continued to fall, down 3.5 percent in October and the fourth straight month the transshipment hub has recorded declining throughput. The total containers handled by the Kwai Ching terminals, mid-stream and river trade reached 1.79 million 20-foot containers in Oct., according to just released...
GSL lands extension Global Ship Lease (GSL) of the UK has firmed up a time charter extension for one of its eldest containerships.
Genco names next president The long-time president of Genco Shipping & Trading, Robert Gerald Buchanan, is getting ready to retire.
SALT faces taste test Scorpio Bulkers made waves Monday with a private placement that caught many equity analysts and investors off guard.
Pangaea seals COAs Pangaea Logistics Solutions of the US has firmed up two long-term contracts-of-affreightment (COAs) that will be serviced by its fleet of ice-class bulkers.
Crowley lines up LNG deal A campaign to expand Crowley Maritime's presence in the small-scale LNG segment appears to be bearing fruit.
Salvaging Sewol A South Korean taskforce is starting to work on how - or even whether - to salvage the sunken ferry Sewol.
Win for Western Bulk Western Bulk has come up trumps in a $12m legal dispute dating back almost a decade.
CMES scraps again China Merchants Energy Shipping (CMES) has sold another bulker for scrap as it renews its fleet.
Pac Basin exits JV Pacific Basin has cashed out of an offshore joint venture as it focuses mainly on its dry bulk business.
Scorpio set for $150m Scorpio Bulkers is taking another stride in its newbuilding funding efforts with a $150m private placement.
Jadroplov for sale again Croatia is trying again with an attempt to sell off bulker owner Jadroplov.
Merger talk surrounds UK duo Hot on the heels of takeover talks between Clarksons and Platou, two UK shipbrokers are rumoured to be discussing their own deal.
Wan Hai profit soars Taiwan's Wan Hai Lines has posted a big jump in third-quarter earnings as revenue strengthened.
Wilson turns loss Wilson Sons has been hurt by the third quarter performance of its logistics and oil and gas units, which led the company in booking a loss.
Deutschland for sale The only cruiseship of bankrupt German operator Peter Deilmann will now be sold after the company's liquidator changed tactics.
Great expectations Expectations are high as BW LPG prepares to report its third quarter results this week.
Fesco secures new loan Russia's Fesco Transportation Group has secured a new three-year loan with Sberbank to finance its operations.
MEO's bargain buy Hallin Marine's first vessel disposal after its closure could have secured a better price, industry sources say.
Hawkins' global mission Law firm Hill Dickinson has appointed Greek office partner Patrick Hawkins as its first head of global shipping.
MLC makes an impact Ship detentions under the new Maritime Labour Convention (MLC) have made up 17.4% of the total in the Paris MoU region during its first year in operation.
Lawyers hunt Horizon Horizon Lines could be the target of a class action suit being pieced together by New York lawyers.
Seasonal joy for ICG A positive summer has seen Irish Continental Group push up its third quarter performance.
Subsea 7's $35m slice Oslo-listed Subsea 7 has spent another $35m on reducing the number of its outstanding convertible bonds.
More action against OW Bankrupt fuel and tanker group OW Bunker is facing more legal action from investment funds.
MEO snares Windermere Miclyn Express Offshore (MEO) has acquired a subsea operations vessel from the fleet of collapsed company Hallin Marine.
Newbuilding finds work Pacific Radiance has secured a long-term charter for one of its newbuildings potentially worth over $140m.
Pellet boost for Lauritzen Lauritzen Bulkers has signed a new, larger deal with US based Green Circle Bio Energy to ship wood pellets across the Atlantic.
Chief in 'magic pipe' plea A chief engineer aboard an NYK car carrier has pleaded guilty to illegally discharging oily waste using a 'magic pipe'.
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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