|JANUARY 28, 2014|
- Panama work stoppage could delay expansion to 2020: Arbitrators
- Antwerp 2013 volume off 0.7pc to 8,578,269 TEU, but cargo up 3.6pc
- Zhuhai Gongbei customs: Macau trade up 24.3pc to US$2 billion
- Zhuhai aims to raise sea-rail intermodal freight to 10 million tonnes
- US federal eco agency tells ships to slow after three whales spotted
- Sichuan-made locomotive shipped overseas directly from Yibin river port
- Nantong customs notes return of poor quality exports up 31pc in 2013
- New Jersey passes bill to kill PANYNJ box fee, NY's bill still in committee
- Charleston box volume increase 5.7pc to 1.6 million TEU in 2013
- Brazil soybean crop, high diesel costs, truck reforms to hike 2014 rates
- Air France-KLM mulls Alitalia takeover if restructuring terms are met
- DHL, FedEx end service as Russia adds red tape to curb online sales
- Volga-Dnepr Technics expands maintenance services for Western aircraft
|JANUARY 27, 2014|
- CMA CGM Group announces RHINO EXPRESS, a new feeder service dedicated to Mozambique ports
- DP World's London Gateway attains lifting high
- Kalmar lift trucks raise productivity for La Cisa, Italy
- Long Beach outperforms Los Angeles in 2013
- Marshall Islands Registry reaches 100 million gross tons
- PSA handles more containers globally in 2013
- Ship operating costs under sustained pressure, says Drewry
- India to encourage Japanese investment in electronics sector
- Adani Petronet Dahej Port creates benchmark by handling longest 101.6 m cargo
- Cargo handling at Visakhapatnam Port up in Q3
- DP World Nhava Sheva handles longest-ever vessel (336.66 m) to call at JN Port
- RAS Infraport celebrates Republic Day
- INR nosedives to below 63 level
|JANUARY 28, 2014|
- Kombiverkehr augments services to Turkey and Greece
- Record year for Antwerp in spite of fewer containers
- Itella to cut up to 1,200 jobs
- Railfreight service in Northern New Brunswick secured
- Bangkok in pain
- Marseille Fos: oil slumps but containers peak
- Gefco rings in changes in Spain
- Arthur Welter Transports receives GDP certificate
- Less airfreight through Los Angeles
- Prepare for lengthy wait at Polish/Belarusian border
- Drewry records strong NE Asia-Australia exports
- Chemicals logistics specialist Alfred Talke obtains DIN EN...
- Volvo and Dongfeng joint venture approved
- New leaders of Ecsla in Brussels
- New slot management to reduce waiting time
- Cathay Pacific macht Weihnachtseinkäufe
- ITI in Denver greets veteran from CMA CGM
|JANUARY 27, 2014|
- Matthew J. Thomas joins Blank Rome
- Island Offshore orders "game changer" at Kawasaki Heavy
- ASL Marine to buy MEO Batam shipyard
- Hijacked tanker released, cargo stolen
- Hanjin ships to plug into shoreside power with SAMCon
- ABB's onboard DC grid gains ABS Approval in Principal
|JANUARY 27, 2014|
- Excel to exit Chapter 11 with $600m lighter debt burden
US judge wishes Greek bulker company good luck as court agrees restructuring strategy supported by equity holders, creditors and the company
- Royal Caribbean posts fourth-quarter profit despite negative media
Net income up 22% due to strong demand from Asia and Europe
- London Gateway to handle three more lines
Hamburg Süd, Hapag-Lloyd and CMA CGM will move cargo through the UK's newest port
- Improving freight markets boost crude tanker values
Valles sells 2006-built aframax for $24m
- Maersk Tankers France faces 48-hour strike
Dispute centres on threatened closure of Paris-based subsidiary
- Scorpio Tankers sells two product tankers
New York-listed tanker owner continues its major fleet overhaul
- Scrapping sentiment cools despite handful of subcontinent sales
Exchange rates and lower steel prices end a bullish start to 2014
- A lull in the regulatory storm
Shipping should use the coming year to prepare itself for a fresh legislative onslaught
- CSCL expects $435m loss for 2013
Line blames insufficient volume due to severe supply-demand imbalance
- Waiting for 'maximum throughput'
Despite a flat capesize market ahead of Asian holidays, brokers expect a stronger year ahead
- Costa Crociere to award Costa Concordia demolition contract
The winning pitch from 12 bids from six countries will be revealed in March
- CSSC Shipping orders up to 10 newbuilds for Oceanbulk Maritime
Cexim finances deal for five 208,000 dwt vessels with options for five more
- Idle box fleet tops 3% for second time in a month
Lloyd's List Intelligence figures show nearly 514,000 teu of capacity inactive last week
- Angola hijackers stab Kerala engineer
Pirates stole 13,000 tonnes of gas oil and property from product tanker, says Dynacom
- Almi Tankers puts its faith in rates recovery
Suezmaxes from 2009's biggest tanker play have a bright future, says owner
- Scramble for Africa continues as ICTSI sells Lekki stake to CMA CGM arm
ICTSI says tie-up accelerates greenfield port serving Lagos and regional transhipment
- Politics slows the progress of the Polar Code
IMO talks are unlikely to deliver agreement as quickly as Sekimizu would like
- Höegh LNG secures $400m credit facility for newbuildings
Company has ordered four FSRUs and will add one or two units a year
- Dynacom confirms that Kerala was hijacked
Greek owner refutes Angola claims of 'fake' incident and says all 27 crew are safe
- ASL Marine to buy shipyard in Indonesia for $20m
Yard owned by Miclyn Express is adjacent to ASL's Batam facility
- Next generation of boxships will be better equipped for the unexpected
Class societies aim for wider safety margins as IACS brings uniformity to structural analysis
- Nigerian piracy to move 'closer to home'
Occasional surges expected around the Niger Delta, says Risk Intelligence
|JANUARY 27, 2014|
- Heidmar appoints new CEO
Connecticut-based tanker pool operator Heidmar has appointed Hans van der Zijde as its new CEO
- Royal Caribbean returns to profit
Royal Caribbean CEO Richard Fain today said the company is poised for a "highly promising" 2014, after returning to profit for both the fourth quarter and full year of 2013 on the back of robust demand
- Euroseas raises $29M in preferred equity
NASDAQ-listed Euroseas has unveiled the latest public-company deal involving perpetual preferred shares, raising $29M in net proceeds
- Kawasaki wins Island Offshore vessel
Kawasaki Heavy Industries has won an order for a subsea construction vessel from Norwegian shipowner Island Offshore
- Yangzijiang wins Oldendorff Newcastlemax option
Singapore-listed Yangzijiang Shipbuilding has won an order for one Newcastlemax bulker option, exercised by Germany's Oldendorff Carriers
- Taizhou Catic secures two more Newcastlemaxes
Chinese shipyard Taizhou Catic Shipbuilding Heavy Industry has secured two Newcastlemax option conversions from German shipowner Oldendorff
- Oldendorff orders Newcastlemaxes from Jiangsu Hantong HI
China's Jiangsu Hantong Ship Heavy Industry has won an order for two 208,000dwt bulk carriers from German owner Oldendorff, with options for another two
- Profits for Indian port developer APSEZ rise 25%
India's largest port developer, Adani Ports and Special Economic Zone (APSEZ), reported 25% year-on-year growth in quarterly profit (October-December) to Rs4.51Bn ($72M)
- Hoegh LNG agrees $400M credit facility
Oslo-headquartered Hoegh LNG has signed an agreement with a syndicate of seven banks for a $400M senior credit facility, the company said
- Wisdom Marine orders three eco-ships
Taiwanese carrier Wisdom Marine has announced it is ordering another three eco-ships
- Westports looks to up capacity
Malaysian terminal operator Westports Holdings, part of Hutchison Whampoa group, looks to raise its handling capacity to 11Mteu by year-end
|JANUARY 27, 2014|
- Navigating the Intermodal Landscape
Despite the economic uncertainty the U.S. has experienced since 2008, domestic intermodal traffic in North America is growing robustly. Overall year-over-year volume growth through August 2013 was a healthy 6.8 percent. Domestic containers continue to see conversion from trailers in rail service - growing 9.7 percent, while trailer volumes shrank...
- YRC Worldwide Wins a 'Reset'
When YRC Worldwide's Teamsters employees approved a five-year contract Jan. 26, they gave the struggling company more than just concessions needed to refinance $1.36 billion in debt and avoid bankruptcy. They gave the $4.9 billion trucking operator the chance to break free of a cycle of short-term crises and "reset"...
- Georgia Ports' Container Volume 'Strong' in December
Port of SavannahThe Georgia Ports Authority moved 235,311 TEUs in December, up 7.4 percent year-over-year, but down 3.3 percent month-to-month. Port of Savannah's TEU throughput, Dec. 2012 to Dec. 2013. Full-size image In the first six months of fiscal year 2014, beginning July 1, 2013, the GPA handled 1.5 million TEUs, increasing 5.8 percent...
- Ocean Carrier Rate Revision Roundup for Jan. 27
Major container lines hope to increase rates in multiple trade lanes in February, March and April, although any hikes achieved may be temporary. Beneficial cargo owners and carriers are beginning to negotiate multi-year contracts that use spot rate indexes to adjust rates periodically, but shippers, carriers and NVOs have been slow...
- Italy to Partially Privatize State Postal Company
The Italian government approved plans to sell up to 40 percent of the state-owned postal company, Poste Italiane, as part of a broader privatization program. The sale, which will be pitched at institutional and retail investors and the group's 145,000 strong workforce, is expected to raise between €4 billion to '4.8...
- Officials Celebrate Inland Port Opening with Norfolk Southern Inspection Train
Charleston, S.C. - Over 150 port users, partners, business leaders and elected officials gathered at the SC Inland Port (SCIP) in Greer today to welcome a ceremonial train trip by Norfolk Southern, SC Ports Authority partner for the SCIP. "This is a great opportunity for SC Ports to celebrate the fully open...
- Port Tampa Bay and MARAD to partner on initiatives and planning
TAMPA, Fla.-Port Tampa Bay is pleased to report that port leaders will be collaborating with the U.S. Maritime Administration (MARAD) on certain strategies to enhance port planning, in line with MARAD's developing 'Strong Ports' initiative. In addition, Port Tampa Bay, under the direction of port President and CEO Paul Anderson,...
- London Gateway Signs Up Hapag-Lloyd, Hamburg Süd Services
London Gateway has secured several Hapag-Lloyd and Hamburg Süd services, tripling its customer base since it opened in early November. The container terminal, situated on the Thames River close to London, won the business from the neighboring port of Tilbury, which cannot handle the larger vessels the German carriers plan to...
- Westcore and OnTrac Reach $1.4 million multi-year lease agreement in San Joaquin Valley
Visalia, Calif. - Jan. 24, 2014 - Westcore Properties reached an agreement with OnTrac, a package delivery service operating in the eight western states, on a $1.4million lease, enhancing OnTrac's business operations and helping create a positive economic impact in Central California for the next half decade. The 65-month lease agreement is for the...
- YRC Teamsters Approve New Contract
YRC Worldwide's Teamsters employees approved a five-year contract by a wide margin this weekend, giving the struggling trucking operator concessions needed to refinance $1.36 billion in debt. The company's next step is to go back to its lenders and nail down a refinancing package to avoid looming debt deadlines, including $69.4...
|JANUARY 27, 2014|
- Costamare on the up
Costamare is well positioned for further expansion after posting a fourth-quarter profit, management told investors Monday.
- Locked and loaded
Euroseas' fleet expansion campaign will likely gain momentum in the wake of its latest fundraiser, a leading equity analyst told investors Monday.
- DSX scores extension
Greek bulker owner Diana Shipping has secured a time charter extension worth nearly $6m.
- Excel eyes Chapter 11 exit
Excel Maritime Carriers (Excel) is getting ready to close one of the darkest chapter's in the company's history.
- Reach charters duo
Olso-listed Reach Subsea has taken two modern platform supply vessels (PSVs) on term charters.
- CMV buys partner
Cruise & Maritime Voyages (CMV) of the UK is taking over the tour operations of its German partner TransOcean Kreuzfahrten.
- RCL on the up
US giant Royal Caribbean Cruises Ltd (RCL) has posted a stronger annual profit as it hived off its Pullmantur operation's non-core businesses.
- Scorpio sells two
Scorpio Tankers has sold off two of its older vessels as its huge newbuilding orderbook continues to make it from the drawing board to the water.
- PE in at Euroseas
Euroseas is raising close to $30m after teaming up with Tennenbaum Capital Partners in a preferred equity issue.
- Boxship refloated
A German containership has escaped damage after a brief grounding off Canada.
- Three-week window
Investors have a three-week window to boost exposure to the dry bulk market, Global Hunter Securities says.
- Tankerska delisting
Croatian owner Tankerska Plovidba is planning to pull its shares from the Zagreb Stock Exchange.
- Costs hit Marco Polo
Singapore's Marco Polo Marine has seen its first-quarter profit curtailed by higher finance costs.
- CSCL slipping deeper
CSCL has braced investors for a $500m negative swing in its full-year results as it fired a profit warning today.
- Samsung profit cut back
Samsung Heavy Industries has posted a 20.6% drop in annual earnings as one-off costs hurt the bottom line.
- Pirates seize crewmen
West African pirates have struck again, boarding an Agip tug and taking one seafarer hostage in the Niger Delta.
- Vanguard in dry departure
Vanguard Shipping of Taiwan has sold its only bulker for demolition, brokers say.
- Hyproc ordering LPG duo
Algeria's Hyproc Shipping is ordering two LPG carriers at German and Japanese yards.
- Total recall
Concordia Maritime has secured a fresh period deal for one of its products tankers which is rejoining Total.
- Hoegh hauls in $400m
Hoegh LNG has secured a $400m loan which completes funding for its FSRU newbuilding programme.
- Beware oilsands shipping
US scientists have warned of the environmental dangers of shipping out oilsands bitumen from Alberta in Canada.
- Lines ready to return
Iran claims five major shipowners will resume containership calls after sanctions were eased.
- One dead in gas leak
South African authorities reported one seafarer has died in a gas leak on a Chinese cargoship.
- CSSC books big bulkers
China State Shipbuilding Corp (CSSC) Leasing has ordered up to ten newcastlemaxes from Shanghai Waigaoqiao Shipbuilding (SWS).
- ASL acquires shipyard
ASL Marine is spending $20m to acquire a neighbouring shipyard located on Batam Island, Indonesia.
- TTA linked to bulker
Expanding Thoresen Shipping is said to have acquired its second supramax bulker in less than three months.
- Kerala re-located
Dynacom says it has re-established contact with one of its tankers that was hijacked off Angola last week.
- Thanks, but no thanks
Keppel Corp says it has turned down an offer to bid for a series of drillship newbuildings from industry giant Transocean.
|JANUARY 27, 2014|
- Tampa port changes name to present new image
The Port of Tampa is now called Port Tampa Bay, part of a re-branding effort designed to emphasize the port's regional reach beyond the city and attract more business from shippers and carriers.
- Employees approve new YRC contract extension
YRC union employees have ratified an extension to the company's current collective bargaining agreement, weeks after rejecting an initial proposal from the company.
- Port of New York/New Jersey adds longshoremen
The Port Authority of New York and New Jersey said 150 longshoremen "are in the process of being hired" despite ongoing litigation. Seventy five checkers will also be hired.
- FTR sees November dip in trucking index
"FTR now assumes that FMCSA will delay most of the next round of planned regulatory changes affecting trucking," and this has resulted in a lower Trucking Conditions Index forecast for the next two years, the firm stated.
- London Gateway gains new services
- Georgia ports experience 8% tonnage growth
- European tank terminal uses Descartes for customs compliance
- Container volumes end 2013 with a bang
- China Shipping issues profit warning
- Forward Air to buy Central States
- Executive moves
|JANUARY 27, 2014|
- Ships to be fitted with shore power technology
Hanjin to retrofit 11 vessels to meet US West Coast clean air regulations.
- Tighter fundamentals pushing up Singapore cargo premiums
Major movements expected when trading starts next in February.
- Prices start week soft in Fujairah
Tight fundamentals in place in Fujairah.
- Mixed trend across European bunker prices
Quiet market seen in Hamburg.
- Another pirate attack off West Africa
Area sees second attack within week.
- Towing kite to undergo sea trials
Irish Navy is pressing ahead with plans to test kite sails.
- Cuts in refining runs 'to keep IFO prices firm'
South Korean and Japanese oil refiners are processing less crude than at this point a year ago.
- Call for all ports to offer tax discounts
British entrepreneur Sir Richard Branson hails success of Canadian ports.
- Asian bunker market stable
Prices resume trade in narrow range.
- Switch to propellors saves ferry a third on bunker costs
Vessel had been driven by waterjets.
- Canadian bunker company hammers out new staff agreement
Workers to get 3% annual wage increase.
- Titan closer to delisting
Company delays release of financial results.
- Bunker quality in Middle East expected to improve
Re-entry of Iranian material should reverse deteriorating quality.
- China fuel oil imports down in December
Due to low bunker sales.