GSL's Ian Webber welcomes CMA CGM's board request Shipowner seeks to diversify customer base after $420m note offering
Was Morning Glory planning illicit ship-to-ship transfer of stolen cargo? Rogue tanker was seized in an area known for illegal STS operations
Japan antitrust authority seeks to scrap exemption for car carrier cartels Updated: JFTC takes tough stand and formally fines major Japanese carriers and WWL
China Shipping Development flips to $371m loss in 2013 State carrier piles losses into last year's earnings in hope of returning to profit in 2014
Boxship sale defies talk of peak demolition rates Cash buyers shrug off concerns over selling on vessels to breakers at a reasonable profit
CMA CGM expected to join 18,000 teu elite French line widely believed to have upgraded 16,000 teu trio being built in China
Western Bulk beefs up panamax dry bulk team Nine staff poached from fellow Oslo operator K2 Shipping
Crimea breakaway expropriates local ports Free to view: Sevastapol, Kerch and others pass to Simferopol control
Shippers urge regulators to rein in P3 Global Shippers' Forum calls for adjustments to ease competition concerns
UK shortsea capacity returns to 2007 levels Traffic is up, but modal split has changed
First Ship Lease sells two 15-year-old handymax bulkers for $24m Disposals save $8m in drydock and financing expenses
Box fleet set for 5.5% growth this year Lloyd's List Intelligence analysis estimates fleet will grow to 19.5m teu by end of 2015
Rickmers Maritime charters out two ships to Maersk Small containerships will contribute $5m to revenues over the next 12 months
Star Bulk takes stake in Pappas-linked brokerage Shareholding in Interchart seen as boosting in-house management and cutting costs
Navigator Holdings net profit rises 34% Purchase of Maersk ships in 2013 adds heft to fourth-quarter operating revenue
Navios Maritime Acquisition takes extra $10m from bond issue Analyst predicts tanker owner may conduct similar offerings as fleet grows
FMC to vote on P3 box line alliance by Friday Outcome unclear as five commissioners make up their minds
ClassNK acquires Finnish software firm NAPA Acquisition underscores changing role of class
Singamas Container posts 43% fall in net profit for 2013 Company expects industry turnaround in second half
Guangzhou Shipyard losses mount Investment gains save shipbuilder's bottom line for 2013
One dead and eight missing after collision in Tokyo Bay Free to read: Wisdom Marine-owned general cargoship Beagle III sinks after contact with feeder vessel, spilling oil and debris
Hunger for Japan-built bulkers revives Total of 47 orders, including 14 panamax ships, placed by foreign owners in February
Navigator reports maiden profit Wilbur Ross-backed Navigator Holdings has ended the quarter in which it went public with a net profit of $10.9M, an improvement of 23.3% from a year ago
MH 370 SAR efforts focus on Indian Ocean The search for the missing Malaysia Airlines Boeing 777-200 ER, which disappeared while en route from Kuala Lumpur to Beijing in the early hours of 8 March, has moved to the so-called southern corridor
NAO sets sights on US IPO Nordic American Offshore is readying for an initial public offering in New York, filing a prospectus yesterday that envisages gross proceeds of up to $115M
Court suspends Venice cruise ship restrictions An Italian court has suspended the Italian government's measures to limit the size of cruise ships transiting along Venice's historic waterfront
Energy efficiency starts at E.R. Schiffahrt E.R. Schiffahrt has become the first shipping company to implement the DNV GL e-learning course on energy efficiency across its entire fleet, the company said yesterday
Kongsberg to supply tech packages Kongsberg Maritime will deliver technology packages worth NOK118M ($19.7M) for 10 new pipelaying vessels ordered by Brazilian oil company Petrobras
ClassNK buys Finland's NAPA Group Japan's classification society ClassNK has bought the world's leading maritime software house, Napa Group, in a deal a Finnish business daily has valued at €50M ($69.5M)
Maersk Line charters two ships from Rickmers Maritime Maersk Line has chartered two ships from Rickmers Maritime Trust for a year, with an option to renew the hire for another year
Singamas profits down 43% y/y in 2013 Hong Kong-listed Singamas Container, a box maker, today said its profits had fallen 43% year on year to $34.3M in 2013, due to the weak container demand and lower average box prices
Hope Against Hope One of the more compelling moments among many at this month's TPM conference came not from the stage, but from the audience. "Is there any hope for this industry?" That question came during the Q&A session that followed an hour-long fusillade on the dire state of the container shipping industry from...
Video From TPM: CN's Mongeau Says Rail Needs More Resiliency Canadian National Railway CEO and President Claude Mongeau tells the JOC's 2014 TPM conference in Long Beach that the railroad is looking to build more resiliency into its network as it grapples with delays caused by the severest winter in decades.Speaker:Claude Mongeau, President and Chief Executive Officer, Canadian National Railway...
LA-LB Container Volume Down in February Port of Long BeachContainerized imports at the Los Angeles-Long Beach port complex declined 7 percent in February in line with normal seasonal trends associated with the Chinese New Year celebrations in Asia. Container throughput at the ports of Los Angeles and Long Beach in the last 12 months. Full-size image Loaded export containers...
Study Identifies Dimensions of Sustainability Companies are increasingly looking for ways to employ environmentally sustainable business practices in their sourcing and delivery of products and services. To do so more effectively, they are moving beyond the constraints of their own operations and working with organizations throughout the various supply chains with which they engage. How can...
Supply Chain Sustainability Expands to Bottom Line The definition of "supply chain sustainability" has morphed significantly since it came into use 10 or 15 years ago. Then, people thought first about enacting specific "green practices," said Kevin F. Smith, president and CEO of Sustainable Supply Chain Consulting and the former supply chain head at CVS Caremark. "They thought,...
Drewry: India's Port Congestion Likely to Ease Trade with India, which has been crimped by chronic port congestion at its public ports, may accelerate in the future as a result of the easing of congestion at major container ports, which is expected to follow last year's reform of terminal-handling fees. In the last few weeks, two major global...
Shippers Urge US, EU to Investigate P3 as Regulatory Clock Ticks A coalition of global shipper groups today urged the U.S. Federal Maritime Commission and European Commission to investigate the impact the P3 Network would have on price and service. "The (Global Shippers' Forum) has made a formal legal submission to the European Commission on behalf of shippers from all over the...
FMCSA Ready to Extend Supply Chain Safety Role Shippers need to pay as much attention to supply chain safety as supply chain efficiency, or be prepared for greater government involvement in how they run their businesses and manage supply chains. In particular, greater efficiency can't come at the expense of the truck driver and highway safety, Federal Motor...
Wallenius Wilhelmsen Logistics Fined $34.6 Million Wallenius Wilhelmsen Logistics today was fined ¥3.5 billion (about US$34.6 million) by the Japanese Fair Trade Commission for participating in a cartel that fixed ocean freight rates for transporting cars and trucks on international routes. The JFTC said the Norwegian/Swedish carrier and four Japanese companies restrained competition by jointly raising or...
Port of Nagoya's Container Volume Rises The number of foreign trade containers handled by the Port of Nagoya in central Japan rose 1.5 percent in 2013 from a year earlier to 2.530 million TEUs, according to figures released by the Nagoya municipal government. The Port of Nagoya is Japan's third-largest container port after the ports of Tokyo...
Shell decision 'imminent' Shell's decision to move forward on construction of LNG bunkering barges for the US market is "imminent", a company insider said today.
ABS upbeat about LNG There's a strong chance that TOTE and other operators will be able to find LNG fuel on the West Coast of the US by the second quarter of 2016, the American Bureau of Shipping (ABS) said Tuesday.
Shipping's shy guy Robert Bugbee was pleased to be offered the Connecticut Maritime Association's 2014 Commodore Award, but had a moment of doubt before accepting, he confides to TradeWinds.
Pumping the brakes The influx of institutional capital into shipping is likely to slow in 2014 after reaching some $8bn in new investment over the past 14 months.
Stage set for sales ExxonMobil's US shipping unit is preparing to part ways with two of its suezmax tankers, Jack Buono told TradeWinds Tuesday.
Tankerska to bid Croatian owner Tankerska Plovidba plans to bid for compatriot bulker owner Jadroplov in the government's privatisation tender.
Western Bulk raids K2 Western Bulk of Norway is beefing up its panamax operations through a takeover of Oslo compatriot K2 Shipping.
ClassNK buys NAPA Japanese classification society ClassNK is taking over Finnish maritime software house NAPA.
Navig8 adds up to 12 more LR1s Navig8 Product Tankers has confirmed another potentially huge order for LR1s in Korea.
FSL exits dry cargo First Ship Lease Trust (FSL) has taken advantage of rising vessel values to sell its only two bulk carriers to cut costs and reduce its debt burden.
Maersk takes two Singapore-listed Rickmers Maritime has added Maersk Line to its client list with a charter deal for two panamax boxships.
CSDC falls to a loss China Shipping Development Co (CSDC) fell to a deeper than expected loss in 2013 and has lowered the value of its fleet.
Jaccar to succeed Jaccar Holdings has been tipped to succeed in its takeover offer for French offshore shipping giant Bourbon.
Boxship fined for spill A German shipowner will pay NZD 30,000 ($25,500) for an oil spill off New Zealand last year.
Gulf Nav loses again Gulf Navigation received a further blow on Tuesday when it lost its second arbitration dispute of the year.
James Fisher buys again UK shipping group James Fisher has added another specialist company to its marine services portfolio.
Klaveness aims for 100% Klaveness Marine-backed Car Carrier Investments (CCI) intends to buy out minority investors in NOCC to assume 100% control.
More fines for owners The Japanese Fair Trade Commission (JFTC) has hit two more owners with fines for cooperating on rates in car carrier trades.
STX Offshore to delist STX Offshore & Shipbuilding will be delisted from the Korea Stock Exchange at the end of the month after creditors pump yet more liquidity into the ailing company, reports say.
Ardmore meets target Ireland-based Ardmore Shipping has completed an over-allotment sale of shares to underwriters, bringing in the full $108m it was aiming to raise for vessel purchases.
K Line pays second fine K Line has been fined JPY 5.7bn ($56.12m) for breaching Japan's antimonopoly act with its car carrier operations.
NNA ups notes sale Greece's Navios Maritime Acquisition (NNA) has added $10m to its latest notes issue, bringing the total to $60m.
Wisdom vessel sinks A Wisdom Marine multiple-purpose vessel has sunk off Japan after colliding with a feeder containership.
More capes for SALT Scorpio Bulkers is being linked with a series of capesize bulker resales under construction at yards in South Korea.
Navigator grows profit Navigator Holdings has ended the year on a high with a 23% year-on-year increase in fourth quarter net profit.
Heidmar hires Heidmar has hired industry veteran Olivier Faurisson to serve as the managing director of chartering and marketing for its product tanker division.
Kirby accelerates expansion US operator Kirby Corporation (Kirby) has penned an $81m contract to construct 29 inland tank barges.
Japan sees order surge Japanese yards saw a surge in newbuilding orders last month thanks largely to improved sentiment in the dry cargo market.
Family affair Star Bulk Carriers has purchased a stake in Interchart Shipping under a broader bid to enhance its in-house shipmanagement capabilities, the operator told investors Monday.
ZIM offers bill of lading to Richmond The liner carrier ZIM has begun offering a Richmond bill of lading to importers and exporters, using a barge service from Norfolk, Va., up the James River.
Yusen Logistics expands at Port of Duisburg
Hamburg airport begins work on new air cargo terminal
Kirby orders 29 extra tank barges
GSF urges U.S./European regulators to scrutinize P3
Car carriers receive cease-and-desist orders Wallenius Wilhelmsen Logistics and "K" Line said Tuesday that they had received final cease-and-desist orders from the Japanese Fair Trade Commission along with surcharge orders.
Markets turn soft in major European port Falls in price stayed in single digits.
Fujairah bunker prices soft South African markets firming.
OW Bunker puts half of its shares into IPO Parent Altor could make over half a billion dollars from sale.
Bunker fuel supply to continue after refinery cut back Refiner takes storage tank for bunker fuel.
ABS releases report on LNG bunkering regulations Provides practical guidance for meeting regulatory requirements.
Bunkering will help 'transform' country's maritime sector Nigeria's minister of transport backs reform but country's energy bill stalls in legislature.
Falkland Islands fuel provision under review South Atlantic islands currently has one fuel supplier.
Asian prices sliding down Prices have fallen at most key regional hubs.
OW Bunker sets IPO deadline Company valued up to $1 billion.
Chinese bunker player delays fleet expansion plans Company is expected to announce losses.
'Accidental' fuel spill from US Navy destroyer cleared 35,000 gallons of bunker fuel spilled into waters off North Carolina.
LR: Hydrogen the 'ultimate' clean fuel 'True zero emission power' of the gas could eliminate need for after-treatment systems.
FONAR disclosure no guarantee of compliance FONAR just one factor in determining compliance, says US lawyer.
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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