CMA determined to ban MyFerryLink, warns Eurotunnel Channel tunnel operator Eurotunnel warned today that the operating ban hanging over its ferry affiliate MyFerryLink was likely to seriously hamper the latter's ability to negotiate new annual contracts with its freight customers. Eurotunnel was reacting to the publication today by Britain's
Indian ports plan to deepen their draught India's shipping ministry has asked the 12 ports it controls to deepen their draughts to 18m to allow bigger ships to dock. "We have asked the ports to carry out techno-economic feasibility studies for deepening the channel to 18m," a shipping ministry spokesman said. The plan potentially creates a
NACKS secures two bulker orders Nantong Cosco KHI Ship Engineering (NACKS) has won two bulker orders with two Newcastlemaxes from Singapore-based Kumiai Navigation, a subsidiary of Japanese owner Kumiai Senpaku and one Ultramax for Japan's Marubeni Corp. The two 209,000dwt vessels will be Singapore flagged, classed by Nippon
DACKS wins Equinox Ultramax pair Dalian COSCO KHI Ship Engineering (DACKS) has won an order for two Ultramax bulkers from Greek shipowner Equinox Maritime. Delivery of the two 61,000dwt vessels is scheduled for February and March 2016 but no options have been revealed. They will be Panama flagged and classed by Nippon Kaiji Kyokai
China, Sri Lanka ink terminal, security deals China has strengthened geopolitical, trade and maritime interests in the Indian Ocean region with President Xi Jinping's visit to Sri Lanka on September 16-17 providing more support to expand Sri Lanka's burgeoning maritime and logistics sector. A deals signed included a US$1.5Bn 'Port City'
'Hostile senate' prevents Australian shipping reform Australia's deputy prime minister today pledged he would deregulate coastal shipping, but conceded that his government did not 'have the numbers' to do so at present. Speaking at an industry luncheon hosted by Shipping Australia, representing international shipping interests in Australia, MP Warren
Roy Hill project to spur more orders for Samsung C&T Samsung Construction & Trading (Samsung C&T) would clinch more projects in Australia given the likelihood of success for the Roy Hill project, said KDB Daewoo Securities in a research note. Australia's first major engineering, procurement, and construction (EPC) project, Roy Hill is a
BW orders two LNG carriers from DSME Singapore-based BW Group has ordered two LNG carriers from Daewoo Shipbuilding & Marine Engineering. DSME, South Korea's third biggest shipbuilder, made the announcement in a Korea Exchange filing today. The two 174,300m³ ships were valued at KRW429.7Bn ($414.19M), translating into $207.095M for
CMHI, CHEC invest in Sri Lanka port project China Merchants Holdings (International) (CMHI) and China Harbour Engineering Company (CHEC) entered into an agreement with Sri Lanka Ports Authority (SLPA) to develop the phase II of Hambantota Port. The container terminal will comprise two 100,000dwt container berths and two 10,000dwt feeder
Triyards to raise $16M through share placement Singapore-based offshore vessel fabricator Triyards Holdings will issue 29.5M shares, aiming to raise SGD19.96M ($16M). Each share is priced at SGD0.70, a discount of approximately 8.33% to the volume weighted average price of SGD0.7636 for trades done on Triyards' Singapore Exchange-listed stocks
EMS Seven Seas acquires Wave Shipping Just two weeks after its establishment in Singapore, ship agency Wave Shipping has been acquired by UK-based ship chandler EMS Seven Seas. Wave Shipping's founding CEO Lars Rosenkrands has also been named as the new CEO of EMS Seven Seas. Under the new ownership, Wave Shipping will continue as a
Typhoon Kalmaegi sinks another ship off Macau A total of 14 crew members on board a Chinese cargo vessel were rescued southwest of Macau early 16 September amid gusts brought by a typhoon. About 01.00 local time on 16 September, the Hao Jun, a 96m long Chinese cargo vessel sent distress calls as it lost power and began sinking about 20km
Chief engineer found dead in Pertamina FSO The chief engineer who went missing after a Pertamina-owned floating storage and offloading vessel caught fire has been found dead. The body of Purwo Hadi Wibowo was found in the engine room of the Cilacap/Permina Samudra 104 at 21.00 Jakarta time yesterday. The 1975-built FSO, which stored 45,000
Iranian navy rescues Chinese box ship from pirates China-flagged container ship Xin Lian Yun Gang was rescued by Iran's naval forces from an attack by pirates in the Gulf of Aden on Monday, reported local media. Five boats, each containing five armed pirates, attacked the Chinese ship in an attempt to hijack the vessel early this morning, but the
Year-to-date high for coal shipments to India Twenty bulkers were fixed to ship steam coal into India last week, a figure that is a 2014 high, said dry bulk consultancy Commodore Research. The high number of fixtures, comprising Panamaxes and Supramaxes, comes amid critically low coal stockpiles in India which relies mainly on coal for power
Spliethoff, Cleveland port to enhance Great Lakes container service Ohio's Port of Cleveland and Dutch breakbulk carrier Spliethoff Group have decided to add a second monthly vessel to the Cleveland-Europe Express, or CEE - the only container and breakbulk service currently operating between Europe and a Great Lakes port. "We are extremely pleased to announce our intent to add a...
CN faces fine after failing to meet Ottawa's grain mandate Canadian National Railway faces a fine from the Canadian government after failing to obey Ottawa's order to move a minimum amount of grain weekly. CN contends the penalty is "unfounded" because there is no longer enough demand to move at least 536,250 metric tons of grain weekly, as the Canadian government...
AMPT Callao shows off infrastructure improvements Jose Gallardo, Peru's minister of transport and communications; Peru's President Ollanta Humala; and Henrik Kristensen, managing director of APM Terminals CallaoPeruvian President Ollanta Humala has toured APM Terminals Callao to view how the terminal operator's investment of more than $750 million at the port's North Terminal is being modernized to handle larger...
Alphaliner: Low ship layup numbers may boost charter rates With the number of laid-up container ships hovering close to three-year lows, vessel owners may enjoy a short-term boost in charter rates this fall, industry analyst firm Alphaliner reports in its latest newsletter. As of Sept. 8, the number of idle container ships with capacities of more than 500 20-foot-equivalent units...
US Ex-Im Bank likely to survive another nine months A powerful U.S. resource that backers say helps many American exporters stay competitive globally will likely survive another nine months after the U.S. House of Representatives granted a funding extension for the U.S. Export-Import Bank on Wednesday. The Senate is expected to vote on a companion bill today. The long-term fate...
Japan's trade surplus with US narrows sharply Japan's trade surplus with the United States shrank sharply in August, as exports to the U.S. declined while imports surged at a double-digit pace, according to preliminary trade figures released Thursday by Japan's Finance Ministry. Japan's exports to the U.S. declined for the first time in two months in August on...
FedEx Freight profit soars as LTL demand rises FedEx Freight, the smallest operating division of FedEx but biggest stand-alone U.S. trucking company, flew higher than the company's flagship Express division in the last quarter, increasing its operating profit a lofty 70 percent to $168 million on a 13 percent increase in revenue to $1.61 billion. The less-than-truckload carrier's operating...
INTTRA: FedEx earnings, container volumes point to strong US peak There really was a Christmas in July this year, at least in terms of increased global container business. That bodes well for North American trucking, intermodal rail and package delivery companies now preparing for an influx of freight ahead of the holiday season. Since the end of the recession, there's been...
Slowing intermodal volume growth points to diminishing ILWU threat International intermodal volume growth in North America dropped markedly in August, providing another sign that the lack of a U.S. West Coast longshore contract hangs less on retailers' necks because the majority of their holiday goods have arrived in the U.S. The shipment of 20-foot, 40-foot and other sizes of marine...
Senate investigators: Chinese hackers targeted US military via transport companies U.S Senate investigators said Wednesday that computer networks of transportation companies that work for the U.S. military were broken into 20 times in one year by hackers with links to the Chinese government, highlight the growing cyberattack risk to shippers and carriers. The U.S. Transportation Command, tasked with moving soldiers and...
Grim future painted for smaller container carriers The emergence of four large alliances among the world's largest container shipping lines is creating a two-tier market that could doom smaller carriers to hanging on to niche trades or going out of business. Unless an unexpected growth in global demand can rescue smaller shipping lines from this dire scenario, the...
Transport delays seen threat to US as premier soybean supplier Delays this year in moving agricultural products by rail and barge from the Upper Midwest to ports in the Pacific Northwest and Gulf Coast could undermine the position of the U.S. as the world's premier supplier of soybeans, a transportation specialist told the annual meeting of the Midwest Shippers Association...
Maersk unveils 2M service loops 2M's trans-Pacific eastbound scheduleMaersk Line today released the 2M Alliance's tentative 2015 east-west network, including port rotations, arrivals and departures and transit times. The 2M Alliance, a 10-year vessel-sharing agreement between Maersk and Mediterranean Shipping Co., was announced in July in the wake of the carriers' failed bid to launch the P3 Network...
NY-NJ approves intermodal rail for Global Terminal The Port Authority of New York and New Jersey has authorized $356 million to develop a long-delayed intermodal rail transfer facility for Global Terminal in Bayonne, New Jersey, and to expand container-on-barge service to Brooklyn. The ExpressRail Port Jersey terminal will be the port's fourth on-dock or near-dock intermodal rail terminal....
Bill to strengthen US rail regulator advances but faces murky future WASHINGTON - A Senate committee on Wednesday unanimously approved legislation that would push the U.S. rail regulatory agency to more quickly address major issues between railroads and some carload shippers. But with Congress set to recess next week ahead of the midterm elections in November and plenty on its plate when...
Huge capacity increase will not ramp up global fleet, Deutsche Bank says The global carrying capacity of container ships will grow by just shy of 5 million TEUs by the end of 2016, but the trend toward ordering larger ships means the number of vessels will not grow significantly, according to a Deutsche Bank shipping report. By the end of 2013, there were...
Judge approves Eagle plan A US judge has approved Eagle Bulk Shipping's pre-packaged restructuring plan, setting the stage for a quick exit from bankruptcy.
Cleveland touts second ship The Spliethoff Group has unveiled plans to expand its container and breakbulk service between the Cleveland and Antwerp.
US touts latest bust The US Coast Guard was scheduled to offload $23m in cocaine today in Miami Beach from its third major drug bust in recent weeks to involve a merchant cargoship.
No brainer Top equity analyst Omar Nokta says it was an easy decision to link up with the financial arm of the world's largest shipbrokerage when the opportunity came his way in June.
Berge Bulk's cape score James Marshall's Berge Bulk looks to have pocketed a healthy profit on a capesize bulker it bought just a year ago.
Seaspovill orders ferry South Korean operator Seaspovill has returned to Damen in the Netherlands for a second fast ferry newbuilding.
Attica linked to sale Canada's government is in the process of acquiring a vessel from Greece's Blue Star Ferries, TradeWinds has learned.
NAO seeking ships Nordic American Offshore (NAO) is actively looking for opportunities to add to its supply ship fleet.
GSL finds third partner New York-listed Global Ship Lease (GSL) has bought a post-panamax boxship for $55m, with a charter back to its owner.
Cosco scraps eight State shipowner China Cosco Holdings Co (CCHC) has sent another eight vessels to breakers' yards as its fleet modernisation continues.
Nokta takes Clarksons seat Clarksons has confirmed the arrival of star equity analyst Omar Nokta in a research role.
Crew saved off Macau All 14 crew were rescued as their cargoship started to sink in heavy swell near Macau.
Strike threat at HHI Hyundai Heavy Industries' workers are to vote on strike action in a dispute over pay and conditions.
Reefer in Ebola scare A Greek reefer caused an Ebola panic in New Orleans this week when it docked with a critically ill crew member.
Hellenic loss cut London-listed Hellenic Carriers has reduced its loss in the first half of 2014 as freight rates rose.
BW signs for LNG duo Singapore's BW Group has added to its gas orderbook with a contract for two LNG carriers at DSME in Korea.
India signs Iran deal India's shipping ministry has signed an agreement to help modernise the Iranian port of Chabahar to boost gas imports.
Zaliv goes to court Crimea's Zaliv Shipyard is heading to court to fight its takeover by Russian interests.
German MPP arrested Herman Buss has seen one of its geared multipurpose vessels arrested by Singapore's admiralty sheriff.
Fire ravages FSO A Pertamina-owned floating storage and offloading (FSO) unit has suffered extensive damage following an engine room fire.
Post-panamax boost The US Port of Charleston has secured nearly $11m in government grants to help upgrade its main container terminal.
Case of the 'frozen' beer Ice cold beer can be too cold for beer maker Anheuser-Busch InBev.
No targeted sulphur campaign from Paris MoU so far Report indicates routine approach in Paris MoU sulphur check guidelines.
Unifeeder to charge more on ECA routes 'This cost increase is outside our control.'
Fuel oil stocks up but still below this year's average Singapore onshore stocks at three-week high.
Bigger ships and company alliances set to cut bunker demand 'If you want to make money, your ships need to be fuel-efficient and you need economies of scale.'
East Med LNG bunkering project gets EU backing Hub-and-spoke system envisaged for regional market.
Singapore player seeking MFM approval for tanker Sinanju Tankers, meanwhile, has three other MFM-equipped tankers approved by authorities.
Shipyard orders valves for LNG engine Valves are due for delivery in late 2014, says manufacturer.
German ship arrested in Singapore Reasons for move unclear.
Ship redesign could make space for LNG bunker tanks Capable of increasing capacity of a 19,000-TEU vessel by 450 TEU.
Bunker tanker starts operations at Russian port Vessel to serve ships in St. Petersburg and Ust-Luga.
Chimbusco strengthens operations at Hebei Move boosted revenue and profits, says firm.
Demand for bonded bunkers down at Bohai Bay Weaker fuel oil imports expected for September.
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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