CMA CGM links northern Europe to the Black Sea UPDATED: Femex 1 extends to include Samsun, Novorossiysk and Constantza
Cabau Woehrel switches from Dunkirk to Marseilles-Fos Senior French ports appointment will be ratified by ministerial decree
Reduced rates drive Diana to first annual loss Owner 'less enthusiastic' than some about immediate prospects aims to buy more ships
Second Essar bulker arrested in dispute with bunker vendor Chandi Prasad held for more than a month following November arrest of Kishore
Jinhui Shipping sells two supramax ships for $29m Proceeds will bolster working capital of Hong Kong owner
Cosco and China Shipping sign agreement to co-operate Conglomerates will work together to buck the downturn
Avance Gas growth plan signals consolidation in VLGC sector Joint venture gives itself up to 1.5 years to achieve expansion goal
Maritime and Coastguard Agency detains two vessels in January UK authorities hold five additional ships from previous months
Hyundai Heavy Industries to issue $469m bonds South Korean shipbuilding giant plans to raise money to repay debt
China Shipping opposes P3 in China State-owned conglomerate believes it could not match alliance freight rates
Zim restructuring deal sparks protest over shrinking of state's golden share Israeli line's shareholders allegedly stand to benefit 'at the expense of public interests'
Hamburg Süd signs sale and leaseback deal with Rickmers Six reefer boxships change hands for $176m
Seoul prosecutors raid Pan Ocean and STX Offshore & Shipbuilding Restructuring unaffected despite company request to probe alleged inside corruption
BHP Billiton half-year profits rise 31% as productivity gains kick in Miner predicts China's demand for imported ore will defy slowing growth in steel output
Svendborg Maersk loses up to 520 boxes during Bay of Biscay storm Firm loses more containers than in any previous event after stacks tilt in heavy seas
DryShips boosts stock sales George Economou's DryShips has posted a much lower quarterly loss and accelerated share sales under its 'At The Market' (ATM) offering
Diana slips further into the red NYSE-listed Diana Shipping has reported a much higher than expected quarterly loss on sharply falling charter rates
NCL sees steady yield growth Norwegian Cruise Line has reported stronger than expected results for its latest quarter and predicted continued yield growth for 2014
Top upsizes newbuild plan NASDAQ-listed Top Ships has disclosed an expanded eco newbuild programme in its recently filed annual report
Viking Line sees improved 2013 Viking Line, the Åland-based shipping company, saw revenue increase last year by 6.4% to €549M ($751M), but net profit shot up to €27.5M ($37.6M) - an improvement over 2012's €0.9M ($1.2M)
Ferus Smit wins Thun LNG powered cargo ship Dutch shipbuilder Ferus Smit has won an order for an LNG powered cargo ship from Swedish owner Erik Thun
Portuguese dockers end 18 month dispute Dockers in Lisbon have voted to end 18 months of industrial action over port deregulation legislation introduced by the Portuguese government in February last year
GLP, Chinese Investors in $2.5 Billion Logistics Pact A group of Chinese investors that includes a Bank of China subsidiary will pump as much as $2.5 billion into modern logistics facilities being developed in China by Global Logistics Properties, the Singapore-based developer said today. The $2.5 billion agreement follows the launch by GLP last November of a $3 billion...
Marad Says It Identified US-Flag Vessels for Salt Transport to NJ WASHINGTON - In response to mounting criticism of a domestic ocean shipping law that some say is preventing the transport of emergency road salt to New Jersey, Acting Maritime Administrator Paul Jaenichen today said his agency helped state officials identify available U.S.-flag barges to ship the cargo. "But (state officials) chose...
Evergreen Says It's in Talks With CKYH Evergreen Line has confirmed that it is in negotiations with the CKYH Alliance to form a new alliance, but said it is too early to say whether the Taiwanese carrier will become a member of the alliance. Other carriers in CKYH had said previously that Evergreen had been approached about joining...
BB&T Predicts 'Tug of War' Over Trucking Rates Will truckload rates rise quickly in 2014 as truck capacity tightens? Not surprisingly, shippers and trucking companies have different opinions. BB&T Capital Markets sees a "looming tug of war" between motor carriers trying to raise rates to cover higher costs and shippers trying to keep cost increases to a minimum. The split...
Bi-State Truckers Seek Changes at NY-NJ Port An association of port drayage companies called for immediate steps, including longer hours at container terminal gates and hiring of additional longshore labor, to alleviate congestion and delays at the Port of New York and New Jersey. The Association of Bi-State Motor Carriers said the port authority's Port Performance Task Force...
CMA CGM Upgrades Black Sea Service CMA CGM's upgraded FEMEX service.CMA CGM has extended its FEMEX service in the Black Sea with the addition of three new calls in Samsun, Turkey; Novorossiysk, Russia; and Constanta, Romania. The new rotation, which will start from Hamburg, Germany, on Feb. 20, with the CMA CGM Lavender, will be as follows:...
Svendborg Maersk Loses 'Significant Number' of Containers Svendborg Maersk in December 2010. Photo from Flickr by Maersk Line. License: CC ShareAlike 2.0 Generic.The container ship Svendborg Maersk lost a "significant number" of containers over board during "very rough" weather in the Bay of Biscay on Feb. 14, according to Maersk Line. Other containers onboard were also damaged as a...
Mayor Dane Slater and Troy City Council Announce Opening of New Total Quality Logistics Office Troy, Michigan - Mayor Dane Slater and the Troy City Council, along with Total Quality Logistics (TQL) officials today announced that the third party logistics company is opening a new sales office in the city of Troy, Michigan, a northern suburb of Detroit. "The City of Troy is very pleased to welcome...
WCI Honors Congressman Ed Whitefield with Leadership Service Award Congressman Ed Whitfield (R-KY) was presented Waterways Council, Inc.'s (WCI) 13th Annual Leadership Service Award for his strong and continued leadership on ports and inland waterways issues. Most recently he served as a critical champion to introduce, with 31 bi-partisan co-sponsors, legislation -- Waterways are Vital for the Economy, Energy, Efficiency, and...
Heineken Subsidiary Aims to Grow Market Share and Strengthen Brand Loyalty With Manhattan Supply Chain Commerce Solutions PARIS and ATLANTA, Feb. 18, 2014 (GLOBE NEWSWIRE) -- Supply ChainCommerce Solutions provider Manhattan Associates (Nasdaq:MANH), todayannounced that France Boissons, a leading beverages distributor andwholly owned subsidiary of Heineken France, is deploying Manhattan'sWarehouse Management (WMS) and Supply Chain Intelligence (SCI)solutions at its distribution centers (DCs) in France. The Manhattansolutions, so...
YRC's Welch: 'It's About the Customer, Execution' With a $1.1 billion refinancing deal locked down, YRC Worldwide CEO James Welch is free to focus on two critical items that need his attention: fixing YRC Freight and winning shipper customers. "It's a breath of fresh air to be concentrating 100 percent on trucking," he said in an interview, after...
Global Container Exports Accelerated in December For a second consecutive year, Container Trade Statistics data showed that the global container market witnessed a "slightly accelerated pace" in global output in December 2013, as importers stocked up for Chinese New Year, according König & Cie. Global containerized export volume in all regional trade lanes in 2013. Full-size image Overall, containerized...
PIERS: US Containerized Imports Climb U.S. containerized imports through January 2014 Full-size image U.S. containerized import volume rose 6.2 percent year-over-year in January 2014, according to advance figures from PIERS, the data division of JOC Group Inc. Imports totaled 1.58 million TEUs in January. January imports were up roughly 10 percent from containerized volume in December. "The U.S....
Ocean Carrier Rate Revision Roundup for Feb. 18 Major carriers aim to hike rates in a variety of trade lanes in March and April, although any increases achieved could be temporary. TPM 2014 will feature discussions of instability in the freight rate market, among other issues in the container shipping industry. Trans-Pacific Three container lines have planned rate increases on shipments,...
Long Beach Harbor Commissioners Confirm Boyden for Executive Search The Long Beach Board of Harbor Commissioners, in a special meeting last week, selected Boyden Global Executive Search to find candidates for the position of executive director of the nation's second largest container port. The harbor commission, at a previous meeting on Feb. 11, nominated Boyden, with offices in Baltimore and...
Liebherr to deliver 4 ship to shore cranes and 18 rubber tyre gantry cranes to Transnet Port Terminals in South Africa Liebherr Africa is proud to announce the awarding of a contract for the supply of 4 STS and 18 RTG cranes to Transnet Port Terminals. The order will be fulfilled with the assistance of Liebherr Container Cranes in Ireland. In the last two years, Liebherr delivered 9 mobile harbour cranes...
Economou upbeat DryShips turned in a fourth-quarter loss Tuesday but the Greek operator's chief executive is feeling upbeat about the future of the shipping markets.
Good Seanergy Greece's Seanergy Maritime Holdings is poised to deliver some long-awaited good news when it makes a delayed report of third-quarter 2013 earnings tomorrow.
GNK remains a risky bet A leading equity analyst believes Genco Shipping & Trading's (Genco's) exposure to the spot market is going to pay off in the fourth quarter of 2013.
Diana scans resale market It's no problem for expansion-minded Diana Shipping that it sees no newbuilding slots at quality yards with delivery dates before the end of 2016.
Clock ticks for DryShips Investors and equity analysts across the globe appear to be gearing up for the release of DryShips' fourth-quarter earnings report, which is due to hit Times Square in less than two hours.
TOTE pens conversion pact Wartsila appears to be making progress in its campaign to cash in on rising demand for dual-fuel engines in the US.
Sterling adds final pieces New London broking shop Sterling Shipping swelled its ranks today with the long-anticipated arrival of two stellar names.
Stifel counts LNG squeeze Pending deliveries of newbuildings totalling almost one tenth of the trading fleet in capacity terms this year will keep the LNG sector oversupplied well into 2015, Stifel says.
Strike hurting Condor A strike by French crew has cost Channel Islands shipowner Condor Ferries about £500,000 ($836,000) so far.
Wareberg wants more Atlantic Offshore is mulling further additions to its newbuilding orderbook after seeing its contract backlog reach record levels.
Ferry and boxship clash No injuries have been reported after a collision involving a containership and a ferry in Hong Kong.
STX Finland deal dead STX Finland has told Scandlines it is unable to fulfil an order for two passenger ferries due to lack of finance, according to the shipowner.
Diana dives into the red Greek bulker owner Diana Shipping dived to its first ever full year loss as a listed company as charter rates fell.
NCL earnings climb Miami-based Norwegian Cruise Lines (NCL) has booked a huge rise in quarterly and full year earnings thanks to an enlarged fleet and lower finance costs following completion of its IPO early last year.
Fullers admits dumping New Zealand ferry line Fullers has admitted dumping raw sewage into the Hauraki Gulf.
Detention for Derna A Derna Carriers vessel which drew the wrath of unions in a crew pay dispute ran into trouble with UK Port State Control in January.
DCI does better State-run Dredging Corporation of India (DGI) has posted a fourfold increase in earnings between October and December.
WWL adds export line Car carrier specialist Wallenius Wilhelmsen Logistics (WWL) has started a new service from Spain to South Africa and Australia.
BHP profit jumps 83% BHP Billiton, the world's largest mining company, booked a huge rise in half year profit after boosting iron ore output and making almost $5bn in annualised cost savings.
Funds stack up on SALT Two of the largest investors in Scorpio Tankers have taken stakes in sibling dry cargo venture Scorpio Bulkers worth in excess of $100m.
Eidesvik crewman dies An Eidesvik crewman has died after falling from a supply ship in the North Sea.
Rickmers buys Sud six Germany's Rickmers Group has snapped up six panamax containerships from Hamburg Sud in a $176m deal.
Irving sues Davie Canada's Irving Shipbuilding is suing Davie Shipyard in a row over the passing on of confidential information.
OSX admits Cerberus talks Eike Batista's OSX has confirmed reports that it is in talks to secure a cash injection from US private equity firm Cerberus Capital Management.
Zimmer takes Dynagas stake Zimmer Partners has emerged alongside two well-known shipping investors as a major shareholder in George Procopiou's Dynagas.
HIT hunting $500m Indonesian tanker owner Humpuss Intermoda Transportasi (HIT) is looking to borrow $500m to fund expansion plans.
Secondary sales at $5bn Private equity and hedge funds have bought troubled loans worth around $5bn during the past year as activity in the secondary loans market takes off, AMA Capital Partners estimates.
STX closes on $3.3bn order STX France is lining up a huge order for up to four big cruiseships for MSC Cruises.
Thun makes LNG move Sweden's Erik Thun has ordered what it says is one of the first dry cargoships powered by LNG.
Maersk ship loses boxes A Maersk Line containership has lost a "significant number of containers" overboard during a transit of the Bay of Biscay.
Collision bill hits IMS IM Skaugen said the collision of one of its LNG carriers in Indonesia two years ago has ended up costing it at least $6.7m.
SPT blames shale US-based lightering specialist SPT has blamed the emergence of US shale oil for its decision to redeliver six aframaxes prematurely.
IMS confirms sales Norwegian shipowner IM Skaugen (IMS) has confirmed the disposal of four older and small ethylene carriers.
Chengxi bags ultras China's Chengxi Shipyard has won $140m worth of bulker newbuildings from a domestic shipowner.
Going East-West to go North-South Maersk Line said it will begin offering service this month between East Coast ports in North America and South America by transshipping cargo through Algeciras, the Spanish port on the Bay of Gibraltar.
New cargo terminal opens at HKIA After phasing in operations during the past year, airport employees and Cathay Pacific cargo executives have officially celebrated the grand opening Monday of the carrier's new cargo facility at Hong Kong International Airport.
Customs and Trade opens Wis. office
Union Pacific's James Young dies at 61
FMCSA to publish drug clearinghouse rule The Federal Motor Carrier Safety Administration is to formally establish the Commercial Driver's License Drug and Alcohol Clearinghouse by listing it in the Federal Register, according to the organization.
Drewry: Large containership deliveries will put pressure on rates
IANA seeks to modify draft Primary Freight Network The Intermodal Association of North America is recommending that the U.S. Department of Transportation include freight intermodal connectors as part of the nation's Primary Freight Network.
Cathay Pacific settles price-fixing suit for $65 million
Prices mainly firm in northern ports But softer in the south.
Malta ready to back new 'maritime hub' Government wants bunkering and other facilities developed on site of former shipyard.
New IBIA chairman takes aim at quality issues Points to record number of off-specs and says slow uptake of ISO 8217:2010 shows 'lack of respect'.
Bunkerworld's Unni Einemo joins IBIA board Three new faces elected at IBIA's annual London bash.
Belgian port makes first 'truck-to-ship' LNG bunker delivery 'These safe bunkering operations will become routine for a steadily growing fleet of LNG fuelled ships.'
January bunker sales fall in Singapore But 500 cSt fuel sales buck trend.
Shetty leaves FNSA Fuel Fujairah-based bunker trading company says she no longer acts for firm.
Asian bunker market steady Smooth supplies seen across key ports.
IM Skagen returns to black in annual results But is in fight with engine maker over compensation claims.
Pertamina to focus on bunkering in Malacca Strait After storage expansion plans at Sambu Island are completed.
Transbunker gains backing for expansion Company eyeing market share in northwest Russia.
Japanese bunker player returns to black But lower HFO sales crimps top-line growth.
Brightoil purchases Chinese upstream assets Acquisition could lift Brightoil from 'over-reliance on bunker oil trading'.
Titan requesting board members to stay Independent non-executive directors will not seek renewal of contract.
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