|JANUARY 27, 2014|
- OOCL box volume up 10pc, but only intra-Asia/Oz trades hike revenue
- OOCL ups north Europe-Asia rate US$200/TEU and $300/FEU March 1
- World box throughput hits record high in December on German index
- Hong Kong to take two years to incinerate 28 tonnes of contraband ivory
- Protesting privatisation port clerks strike in Brazil, Santos unaffected
- Hebei port container volume expected to top 2 million TEU in 2014
- Charleston thanks Congress for fast-tracking harbour dredging
- Mainland-Taiwan accord boosts cross-strait trade since implementation
- UK first: DP World's London Gateway cranes lift four TEU per move
- Textainer pays US$35 million for 30,000 TEU from its managed fleet
- Hamburg Sud to raise USEC-ANZ rates US$75/TEU from April 1
- New CT7 will boost Westports capacity to 11 million TEU by year-end
- Bombardier wins US$4 million Australian rail contract in Queensland
- Air China launches first direct flights to Hawaii from Beijing
- South Korea's air cargo volume grows for first time in three years
- Cargolux executive quits over differences over airline's new strategy
- Exports to be lost unless Bangladesh tightens cargo screening
- Cameroon and Gambia sign air cargo accord, direct flights to follow
|JANUARY 26, 2014|
- "K" Line (India) inks Consecutive Voyage Contract with JSW Steel
- BCHAA conducts health camps for members' staff
- Congratulations to the winners & nominees of Gujarat Junction 2014
- Holistic approach to crew insurance stressed
- London P&I Club issues renewed warning on cargo liquefaction
- Coal imports grow 21 pc in 2013
- Onion exports grow 59 pc in Apr.-Dec.
- Centre's move to encourage coastal shipping welcomed
- Chennai Port likely to convert unused iron ore terminal into automobile handling facility
- Forex reserves dip $ 1.2 bn
- INR plunges by 113 paise to close at 62.68 on heavy month-end dollar buying
- L&T's order inflow surges 21 pc in Q3
- Export Import Workshop from Feb. 22
- Quick Take
- BIMCO's Bangkok Heavy Lift Contracts Workshop in March to provide practical guidance on project charter contracts
- Largest load moved to Turkey from Japan
- Seven Seas Shipping moves huge transformers from South Korea to Iraq
|JANUARY 27, 2014|
- NS invests in new locomotives and freight cars
- All change at Haropa
- Haropa handles more tonnage in 2013
- Iata sees brighter business confidence
- Double-digit growth in freight train numbers
- CMA CGM launches Rhino express feeder service
- Cargolux accepts resignation of van de Weg
- Global Express opens new logistics centre near Graz
- Austrian transport firm purchases 220 new trucks
- Turkish Airlines increases Kazakhstan and Sochi services
- ICTSI invests in Congo
- Steder Group moving heavy cable reels
- Interrail Services augments management in Germany
- Saudia Cargo signs agreement to transport human organs
- LED headlights now standard at Navistar
- ACS appoints new group commercial director
- Panalpina searching for an executive for executive searches
- Wann kommt die Trendwende?
|JANUARY 24, 2014|
- Ezra wins subsea orders worth $80 million
- January 24, 2014 Metal Shark to expand into shipbuilding
- Heidmar names new CEO
- Keel laid for LNG Hybrid Barge
- Consultancy sees 161 cruise newbuilds ahead
- BAE Hawaii gets $37.4 million Navy contract
|JANUARY 27, 2014|
- MOU established to eye reduction in New Westminster train whistle noise
- Boeing joining UAE team to study biofuel breakthrough
- Trucking group shaking up current organizational structure
- Coast Guard crew rescues four from wrecked fishing vessel
- Customs officers nab woman carrying counterfeit $100 bills
|JANUARY 24, 2014|
- What next for Euronav?
Persuading others to join the Tankers International pool will be the way forward
- Hammonia finds its Mojo in offshore-vessel deal
German and UK firms seek shipyard to build all-weather Hi Flo 4
- In the eye of the beholder
Flying the flag takes on a new meaning thanks to P&O
- Brussels politicians press for reporting of ships' NOx emissions
Greens want to expand CO2 MRV proposals to include more emissions and smaller ships
- Stumbling blocks on the path to MRV
Industry questions regulators' understanding of vessel operations as emissions rules are debated
- OOCL reports 10% gain in fourth-quarter volumes but a fall in revenues
Strongest performance comes from combined intra-Asia and Australasia trades
- Asia-Europe freight rates drift lower
SCFI shows transpacific trades are holding steady
- Derna Carriers vessel arrested at Tilbury
ITF says Athens-based owner owes crew more than $130,000 in back pay
- Brightoil forecasts a return to the black for six months ending December
Major bunker supplier declares a turnaround from the previous year's $112m loss
- ICTSI to build a terminal in Congo
Investment in river port at Matadi targets fast-growing central Africa
- Liquefaction risk rises after lifting of Indian iron ore export ban
Ban's removal has led to e-auction of 11.5m tonnes of iron ore that had been "sitting around" since 2010
- OSG bank group negotiates with shareholders
Plan would cut out bondholders' own push to claim the equity
- Slower growth is the new norm for box ports
But analysts say momentum is sufficient to encourage fresh investment in capacity
- Private maritime security companies must think smarter to survive
As Indian Ocean attacks dwindle, players seek creative new ways to stay afloat
- London Gateway lands Hamburg Süd
German line to switch services from Tilbury
|JANUARY 24, 2014|
- Lyubov Orlova: IHS Maritime's viewpoint
Decommissioned cruise ship Lyubov Orlova probably sank in February 2013, believes the president of the Irish Coast Guard Chris Reynolds
- Excel inches closer to Chapter 11 exit
A confirmation hearing is set for 27 January to sign off on a re-organisation plan that would bring formerly NYSE-listed Excel Maritime out of Chapter 11 bankruptcy protection
- HK urges safety precautions
Hong Kong's coxswains and persons-in-charge of vessels were reminded to take adequate safety precautions when navigating in poor visibility in Hong Kong waters, as the fog season approaches
- Shanghai Lonyer Fuels forecast losses in 2013
Shanghai-listed Shanghai Lonyer Fuels, a marine fuel oil supplier, expected to slip to losses of at least 51M yuan ($8M) in 2013 due to lower demand for fuel oils in China
- Bad weather prevents rescue
Efforts to salvage a cargo ship in the Gulf of Tonkin have been hampered by rough waves
- KDB displaces Kang as STX's biggest shareholder
Korea Development Bank has displaced STX Corporation's founding chairman Kang Duk Soo as the chaebol's biggest shareholder
- Weihai port to open North Korean service
China's Weihai Port Group in Shandong Province announced on 21 January that it plans to open a container service to North Korea this year
- Yangzijiang buys out JV with Peter Döhle
Yangzijiang Shipping has bought out its bulker joint venture with German shipowner Peter Döhle
- Ningbo port records 2.8Bn yuan profit in 2013
Shanghai-listed Ningbo port projected on 22 January that it had recorded a profit of 2.8Bn yuan ($469M) in 2013, up by 6.01% year on year from 2.68Bn yuan the year before
- Bangkok ports unaffected by crisis
Operations at Bangkok's ports and airports are continuing as normal and without any disruption, despite the government's declaration of a state of emergency on 22 January
- Mining investment to turn JES' fortunes around
Singapore-listed Chinese shipbuilder JES International could restore profits with its investment in mining company Mineriver, said Voyage Research this week
- Smoking ship centre of pay dispute
The MV Poavosa bulk carrier, which shut down the port Tarnaki in NZ earlier this week after a chemical leak, is also at the centre of a pay dispute, according to the International Transport Workers' Federation
|JANUARY 26, 2014|
- Crane Replacement to Hamper Operations at Nehru Port
India's Port of Jawaharlal Nehru, which has been plagued by labor troubles in recent months, is bracing for yet another disruption to shipping as the port trust announced a nearly six-week partial shutdown of the port-run container terminal, beginning in mid-March, for harbor crane replacement. ":During the installation/commissioning of three new...
- Impacts of ILWU, ICTSI Dispute Not Over for Portland
Truck flows and cargo handling at the Port of Portland were back to normal as the week was drawing to a close, but the residual effects of the latest disagreement between the International Longshore and Warehouse Union and terminal operator ICTSI may continue to be felt in the days ahead. Terminal...
- Container Volume at Seattle, Tacoma Slid in 2013
Cranes at the Port of TacomaCombined container volume at the ports of Seattle and Tacoma fell 7.6 percent in December from a year earlier to 278,163 TEUs, continuing a slide that began in February. The drop in containers moving through the Washington port complex was mainly driven by declining volume at...
- SCFI: Shanghai-to-US Spot Rates Largely Unchanged One Week Ahead of Chinese New Year
Shanghai Containerized Freight Index, U.S. West Coast, week ending Jan. 24, 2014 Full-size image Spot container rates from Asia to the U.S. East and West Coasts, as measured by the Shanghai Containerized Freight Index, inched down by just a few dollars in the week ending Jan. 24. This followed three straight weeks...
- OOCL's Revenue Drops Despite Volume Growth
OOCL's total revenue in the fourth quarter of 2013 fell 1.6 percent year-over-year to $1.4 billion, partially fueling a 4.9 percent decrease in total yearly revenue, according to parent Orient Overseas (International) Limited. Quarterly revenue declined 6.7 percent year-over-year in the Asia-Europe trade, 2.6 percent in the trans-Pacific and 1.6 percent...
|JANUARY 24, 2014|
- NADL storms Big Apple
North Atlantic Drilling Ltd (NADL) is moving forward with an initial public offering (IPO) in the US.
- Nordea upgrades DRYS
Greek bulker and tanker operator DryShips has secured an endorsement from equity analysts at Nordea.
- Reputation recovery continues
Carnival Cruise Lines has staged a 75% reputation recovery since the public relations nightmare following the disabling of the Carnival Triumph, the parent company's top executive said.
- Sjaastad strikes again
Stream Tankers has exercised options on a pair of chemical tanker newbuildings in Japan.
- Sparebanken takes hit
Norway's Sparebanken Vest has written down NOK 110m ($17.84m) in the fourth quarter, with most of the amount related to shipping loans.
- Heidmar hires CEO
Heidmar has hired Hans van der Zijde as its new chief executive officer (CEO).
- Past the peak
Suezmax rates are falling fast amid heavy declines in earnings out of West Africa.
- Hanjin chops two runs
Korea's Hanjin Shipping is scrapping two boxship services as it looks to save money.
- Unequal equities exposed
We take a look at what was said in the market over the past week.
- Repairs underway
A Royal Arctic Line (RAL) boxship is receiving running repairs after reporting engine trouble.
- GSI seals share deal
Guangzhou Shipyard International (GSI) has won approval to sell shares to pay for its takeover of Longxue Shipyard.
- Mercator loses less
Mercator Lines Singapore has cut its third quarter loss in a stronger dry cargo market.
- SSC sheds oldie
Singapore Shipping Corporation has booked a modest profit on the disposal of an ageing car carrier.
- More for Wisdom
Wisdom Marine of Taiwan is spending $94m on another three new bulkers in Japan.
- Manx ferry delayed again
An Irish Sea ferry newcomer's launch has been delayed again.
- Marinakis mulls action
TradeWinds digests the digits making the headlines this week.
- Liquefaction lethal
The London P&I Club has warned again over cargo liquefaction as India lifts its iron ore export ban.
- Pac Basin confirms buy
Pacific Basin Shipping has confirmed the purchase of a supramax bulker to continue its acquisition efforts.
- Correction coming?
US shipbroker McQuilling has warned that products tanker owners could be in for a shock from 2015.
- OOCL volumes up
Hong Kong container line OOCL's fourth quarter volumes have grown, but rates dipped.
- New record for Antwerp
The key Belgian port of Antwerp has posted its best-ever annual cargo figure in 2013.
- Heung-A orders quartet
Korean owner Heung-A has signed up for four new chemical tankers at a compatriot yard.
- Ghost ship back again?
A derelict cruiseship adrift in the Atlantic for a year could be heading towards the UK, according to a scare story in the British press.
- ICTSI expands in Africa
International Container Terminal Services Inc (ICTSI) is to build a $100m container terminal in the Democratic Republic of Congo.
- Trio in transpac tie up
China Shipping Container Lines (CSCL) is teaming up with two other liner operators on the transpacific trade.
- Brightoil expects better
Growing tanker owner Brightoil Petroleum has forecast a return to profit for the first half of its financial year.
- Ezra ties up new deals
Singapore's Ezra Holdings has secured offshore projects worth around $80m including options, it has disclosed.
- Genco set to survive
Nordea expects Genco Shipping & Trading to survive its current financial woes and has just upgraded the stock to a 'buy'.
- Dry mouth
A leading investment bank has initiated research coverage of the dry-bulk sector and four US-listed operators.
- ITF plots arrest
The International Transport Workers' Federation (ITF) is looking to arrest a multi-purpose cargoship controlled by Greek operator Derna Carriers on behalf of the vessel's crew.
|JANUARY 24, 2014|
- NEWSFLASH: A stronger Q4 for OOCL, but revenues still lag 2012
The parent company of OOCL provided an early peek at what the end of 2013 might have looked like for the container industry as it released an unaudited fourth quarter operational update on Friday.
- Yoshitani to retire as Seattle port CEO
Port of Seattle Chief Executive Officer Tay Yoshitani confirmed Thursday at an industry event in Tampa, Fla., that he will retire at the end of June when his contract expires. He has led the Port of Seattle since March 2007.
- Zim recovery not dependent on market conditions
By sharply reducing its debt and continuing to reduce expenses, container carrier Zim believes it will be able to stay on course, even if the container shipping industry continues to experience stormy economic seas.
- Rhetoric subsides in effort to resolve Panama Canal dispute
The international consortium building a new set of massive locks for ocean-going vessels through the Panama Canal said talks to resolve $1.6 billion in disputed cost overruns will continue through Feb. 1.
- Amazon's next conquest: Anticipatory shipping
The trucking operation hinges on historical tracking data and the ability to plug that information in to a "predictive shipping model," according to a patent recently filed with the U.S. Patent and Trademark Office.
- London Gateway puts 'quad lift' crane into service
- Corn crop yields growth for Union Pacific
- Panalpina aims for 500 services in 2014
- Kansas City Southern sets $2.4 billion revenue record
- Liquid bulk up at Antwerp in 2013
- Quala acquires ProKleen
- Shippers air U.S. flag concerns
- Executive moves
|JANUARY 24, 2014|
- Weekly Global Market Report
A weekly price roundup from bunkering hubs around the world.
- Fuel prices strong in Vancouver
Low sulphur fuel prices soars on the Panama Canal.
- Annex VI low sulphur study: MEPC decides
IMO Secretariat can only act on instruction of the member states.
- Prices across Europe display mixed trend
Slow market in Rotterdam.
- Fujairah prices show little movement
Avails tight in Middle East hub.
- New supplier operating in Lagos
'We have got all the relevant permits in order, and are working closely with the authorities.'
- Vote at Canadian bunker company
New contract for staff at Sterling Fuels.
- Russian plans 65% cut in fuel oil exports
Draft strategy outlines targets for the next 20 years.
- Brittany stays French for LNG-fuelled ferries
One newbuild and three conversions involved.
- Low sulphur review should take place 'as soon as possible'
IMO head says bringing forward availability assessment is 'a priority'.
- Bunker claim behind ship arrest
But shipowner says tough market constraining cash flow.
- Soyuz Bunkering Group starts international operations
New company staffed by experienced players.
- Asian prices end week mixed
Supply tightness in Tokyo Bay improving.
- Chemoil Adani expands ops on Indian east coast
Move follows firm's expansion to Chennai.
- UK firm shipowner adds to order book
Ships claim to have 'much improved fuel consumption'.
- LR's new service helps to meet EPA's lubes rule
Allows shipowners to comply with EAL rule in US.
- Brightoil upbeat on first half results
Stronger performance seen in international bunkering and trading.