Manson awarded LA box terminal contract Los Angeles has awarded a USD44.6 million contract to Seattle-based Manson Construction to expand Yusen Terminal's container operations at the port. The project includes deepening Yusen's berths and upgrading its wharf to allow Yusen to accommodate larger post-Panamax containerships in the
Boskalis JV EUR500 million Veja Mate wind farm contract In partnership with VolkerWessels (Volker Stevin International), Royal Boskalis Westminster has won a contract from Veja Mate Offshore Project GmbH. The contract is for for the design, procurement, fabrication, supply, transportation, installation, and testing of 67 foundations for the Veja Mate
TUI Cruises orders two more ships at Meyer Turku TUI Cruises, which is a joint venture between the German tour operating company TUI and Royal Caribbean Cruises, Ltd (RCCL), which is the world's second largest cruise shipping company, says it has ordered two ships at Meyer Turku Shipyard in Finland. "TUI Cruises GmbH and Meyer Turku Oy signed an
Boskalis wins EUR35 million Portsmouth dredging contract Dutch dredging major Royal Boskalis Westminster has been awarded a contract from the Defence Infrastructure Organisation (DIO) of the UK Ministry of Defence for capital dredging of the approach channel to the port of Portsmouth. The contract is worth EUR35 million (USD39 million) and dredging is
APM Terminals' productivity performance tops global rankings With 186 crane moves per hour (cm/h), APM Terminals Yokohama again led all container facilities worldwide working a vessel alongside, says the JOC Group's 2014 annual global port and terminal productivity ranking. It was calculated from a database with a minimum of 100 vessel call records generated
Exmar, Flex, and Geveran merge LNG interests Exmar, the listed Belgian gas carrier company and Geveran, a company controlled by John Fredriksen, plus Flex LNG, an Oslo listed company in which Geveran has a 82% stake, have decided to merge their LNG interests, Flex LNG said in a statement. Flex LNG, which is headquartered in London, will
Yangtze River estuary deepwater channel to be extended China's Ministry of Transport on 28 June announced phase II of the Yangtze River estuary deepwater channel extension project. With total investment of CNY7.3 billion (USD1.18 billion), the project, as part of the 'One Belt, One Road' initiative, is scheduled for completion in 2018. The project
MOL methanol carriers to be dual-fuelled Two methanol carriers that Mitsui OSK Lines (MOL) is building will be fitted with the world's first dual-fuel engines that run on methanol and diesel. The 50,000 dwt tankers, under construction at Minaminippon Shipbuilding, will be delivered in March and June 2016, after which the vessels will
Carrier group posts container safety guidelines Damage to ships and injuries or deaths involving seafarers are expected to be greatly reduced once new overweight container regulations come into force in July 2016. On 1 July, the World Shipping Council (WSC) published guidelines that shippers, carriers, and terminal operators can use to meet the
Uni-Asia buys $18.1m box ship Singapore-listed ship-chartering company Uni-Asia Holdings has acquired a new vessel for approximately USD18.1 million. According to the company's filing to the Singapore Exchange, the 3,500 teu second-hand container ship will be purchased by its wholly owned Panama-incorporated subsidiary Fortuna
South Korea's Daebo 'too valuable for liquidation' Troubled South Korean shipping company Daebo International Shipping's worth as a continuing enterprise exceeded its liquidation value by KRW29 billion (USD25.9 million). During a hearing on 30 June, Hong Soon-Ho, director of accounting firm Deloitte Anjin, which has been appointed to assess Daebo's
CCCC Dredging to apply for IPO CCCC Dredging (Group) is planning to apply for an initial public offering (IPO) at the Hong Kong Stock Exchange, according to a stock filing of China Communications Construction Company (CCCC). The China Securities Regulatory Commission has accepted the application for the IPO by CCCC Dredging,
SHI snares Shell FLNG trio Samsung Heavy Industries (SHI) has won three more orders for floating LNG vessels from Royal Dutch Shell, four years after it clinched the deal for the world's first FLNG vessel from the same customer. South Korea's second-biggest shipbuilder said in a Korea Exchange filing on 1 July that the
Evergreen to replace older vessel in Asia Pacific-South America service Taiwanese carrier Evergreen announced on 30 June that it will replace an older L-type vessel in its Asia Pacific-South America service with a new unit. Taiwan's CSBC Corporation (CSBC)-built Ever Lovely is the ninth of Evergreen's L-type vessels. The ship is 334.8 m long, 45.8 m wide, and has a
Yinson profit down 65% y/y Malaysia-listed offshore services provider Yinson Holdings posted a profit of MYR10.74 million (USD2.85 million) for the first quarter that ended on 30 April 2015, down 65% year on year (y/y) from MYR31 million. Revenue dropped 13% y/y to MYR256.6 million in the first quarter, partly because of
China COSCO receives $644m subsidy China COSCO Holdings received CNY4 billion (USD644 million) from the government to scrap old tonnage and fleet renewal on 30 June, a stock filing of the company said. The subsidies will have a certain degree of positive impact on the company's financial result for 2015, the company said. In April,
Hyundai yards, DSME to gain from cheaper oil The collapse in oil prices and the subsequent growth in oil consumption would benefit Hyundai's shipbuilders and Daewoo Shipbuilding & Marine Engineering (DSME) as they construct oil and product tankers, a sector analyst has opined. JP Morgan analyst Lee Sok-je noted that the crude tanker market
SSA appoints first president from the West Esben Poulsson of Enesel is the fourth president of Singapore's national trade body for shipping
Cheniere gets fifth LNG production facility at Sabine Pass Much rests on US cargoes, but questions remain for shipping over America's LNG export ambitions
Administrators reject DFDS bid for part of SeaFrance But MyFerryLink bareboat deal goes ahead tomorrow
SHI in $4.7bn FLNG deal with Shell, conditional on Browse progress South Korean shipbuilder poised to build more FLNG units if investment in Western Australia project is to go ahead
Fifth generation takes over at Louis Dreyfus Armateurs Edouard Louis-Dreyfus steps up as president as of today
Awilco sells old LNG carrier and will go it alone for now Oslo-listed owner has no firm plans to merge with anyone, despite a merger trend developing in LNG shipping
South Africa imposes antitrust fine on NYK Japanese shipping giant fined again for collusion with other car carriers
OW Bunker class action does not clash with owners' interests, lawyer insists Danish shareholders' association seeking damages from management and backers as Pappas launches test case
DNV GL issues combined design rule set for industry reviews New rules follow merger of two class societies and will be in force in the new year following stakeholder feedback
Golar moves forward with lucrative FLNG project in Cameroon Golar estimates first-year earnings from the project of $170m-$300m, which is more than analysts' estimates
HMM joins Yang Ming and Hanjin on Americas service Weekly loop connecting Asia with Central and South America starts on July 9 with YM Green departing from Kaohsiung
Fredriksen creates new LNG company Gas shipping and infrastructure venture Exmar LNG aims to tie up all aspects of the LNG supply chain
Brussels rules on reporting shipborne CO2 emissions come into force Regional regulation creates a CO2 emissions reporting regime that will lead to future industry-wide reduction enforcement
Star Bulk posts first-quarter loss Dry bulk company has scrapped older tonnage and delayed newbuildings in bid to staunch the red ink
Diversions still stinging West Coast ports The Port of SeattleContainer traffic at West Coast ports was down 2 percent in May from the same month last year as importers and exporters who had diverted cargo to other ports during the lengthy period of labor disruptions and port congestion did not return all of their business to...
Crowley buys equipment for US-Caribbean-Latin America services Crowley is continuing its investments in the U.S.-Caribbean-Latin American services by buying more than 4,300 pieces of equipment that will be used on its services connecting the Caribbean, South America and the U.S. The purchase includes 75 40-foot reefers, 700 45-foot containers and 500 53-foot containers. The company also bought 400...
US provides $1.3 million for Charleston dredging project The U.S. Army Corps of Engineers has approved $1.303 million in funding for engineering and design of a project to deepen the port's 45-foot channel to 52 feet in order to handle larger container ships. The announcement followed last week's action by the Corps civil works review board to release the...
Daseke adds Bulldog Hiway Express to heavy-haul business Daseke Inc. founder, president and CEO, Don Daseke. Daseke Inc., the fastest growing U.S. trucking company, is merging with Bulldog Hiway Express, an open-deck and flatbed carrier with extensive port drayage operations in the Southeast. The combination gives Daseke, which specializes in heavy haul, oversized and specialized freight, a bigger footprint in...
Electrocomponents expands Amber Road Solution to integrate and automate export management EAST RUTHERFORD - Amber Road (NYSE: AMBR), a leading provider of global trade management (GTM) solutions, today announced that Electrocomponents plc (LSE: ECM) selected Amber Road to provide a comprehensive Trade Automation Export Management solution. Electrocomponents has been using the Amber Road on-demand solution for restricted party screening since 2011. This new implementation vastly expands
CCM's Jon Poelma promoted to senior VP, COO Jon Poelma has been promoted to senior vice president and chief operating officer of Consolidated Chassis Management. CCM manages six regional chassis pools containing more than 140,000 intermodal chassis at 240 U.S. rail and port intermodal locations. Poelma replaces Phil Wojcik who has led CCM the past seven years and will...
Virginia port terminals to operate on Sunday The Port of Virginia's two main container terminals will operate on Sunday, a day after they are closed on Saturday for the July 4 holiday. Truck gates at Norfolk International Terminals and Virginia International Gateway will be open from 7 a.m. to 5 p.m. Sunday, the port authority announced. The port's...
California OKs new emissions control technology for maritime use Clean Air Engineering Maritime's emissions capture technology in action.A Southern California company's emissions treatment system for ocean-going vessels has been approved by the California Air Resources Board, giving operators of container vessels a second option for complying with the state's strict emissions requirements for vessels at berth. Additionally, Clean Air Engineering...
Growing US-South America volume spurs aggressive rate push U.S. containerized imports from South America are rising by double digits while U.S. exports to the region stagnate, a recent trend that is narrowing the trade lane's north-south imbalance and emboldening carriers to seek higher rates. Hapag-Lloyd this month announced a July 19 general rate increase of $325 per 20-foot-equivalent unit...
Simatech deploys first of two ordered intra-Asia feeder ships Simatech has received the first of two new container ships with capacities of 4,350 twenty-foot-equivalent units, reflecting continuing and rapid intra-Asia trade demand. The Sima Genesis is deployed on Simatech, Hanjin Shipping and T.S. Lines's joint India Far East Express service, connecting Chennai, India, with ports in Korea, China, and Southeast...
ITS Technologies & Logistics names new CEO Intermodal industry veteran Steven L. Rubin has been appointed chief executive officer of ITS Technologies & Logistics. ITS provides outsourced operating services for intermodal railroad facilities, container yard services for global shipping and container leasing companies and automotive loading and unloading services. Rubin has served for almost 25 years in the...
Far East-South America trades face rate war LONDON - The Far East-South America trades are facing the threat of rate wars this month as carriers add significant additional capacity to an already oversupplied market, according to Alphaliner. The new tonnage, consisting mostly of new 8,600-10,600 twenty-foot-equivalent unit handy neo-Panamax vessels specially designed for the South America trades, will...
Transport providers prep for apparel import rebound via West Coast Transportation providers are preparing for a rebound of containerized apparel imports through U.S. West Coast ports after inbound shipments plunged by double-digits in the first five months of this year. To handle the expected demand, O'Neill Logistics (CA), for example, is moving into a larger facility, totaling 300,000 square feet. New...
Mega-ships dealing worst congestion hand to LA-LB, NY-NJ The Magleby Maersk, one of the world's largest ships.The arrival of mega-ships is having a profound effect on port operations at all major U.S. gateways, but the biggest impact by far in terms of congestion is being felt in the two largest port complexes, Los Angeles-Long Beach and New York-New...
Global air cargo growth slows LONDON - Global air cargo traffic grew 2.1 percent in May from a year ago, the lowest monthly increase in 2015, as volume contracted in North and South America and Europe, according to the International Air Transport Association. The sluggish growth was outpaced by a 4.3 percent expansion in capacity which...
Logistics, trade groups hail choice of Heathrow for expansion A conceptualization of London Heathrow Airport with a third runway.LONDON - Freight forwarders and logistics providers today hailed a government-appointed commission's call for a third runway to be built at London Heathrow airport, Europe's fourth largest air cargo hub. "Heathrow provides the greatest benefits for business passengers, freight operators and the...
Concor cuts cost of empty boxes from Chennai to Bangalore Loading containers onto a Concor train.State-owned rail operator Container Corporation of India has slashed its charges for the movement of empty containers between Chennai Port and Bangalore, providing some respite for shippers struggling with port delays and ocean carrier surcharges. Following the reduction, shippers would pay Rs. 3,000 (about $47) less per...
Hurtigruten adds ship Hurtigruten has purchased a ship that it intends to refurbish and use for cruises along Norway's coast.
Jansen joins Deutsche Bank Germany's biggest bank has hired Richard Jansen to help broaden the scope of complex finance deals it can offer clients in shipping and offshore sectors.
Silversea behind order Italian shipbuilder Fincantieri has revealed that Silversea Cruises is behind a luxury vessel ordered last year.
Great Harvest loss balloons "Very difficult" 12 months sees Hong Kong bulker owner's deficit hit $37m, but cash sufficient for current year.
Jensen steps in Clipper's chairman will replace US-based Gary Vogel to give owner local CEO.
Confidence low Confidence in the shipping industry has reached a seven-year low during the three months to May, Moore Stephens says.
Torm sees the positives Danish owner's restructuring scheme approved in UK court as it predicts EBITDA of up to $100m in first half.
Cosco banks $638m subsidy China Cosco Holdings Co (CCHC) has banked CNY 3.96bn ($638m) from a state ship-scrapping subsidy scheme.
Bunge wins GAFTA appeal The UK's Supreme Court has ruled in favour of trader Bunge in a row over a cancelled contract for a cargo of Russian wheat.
Awilco finds buyer Awilco LNG has found a buyer for one of its three Moss-type LNG carriers at a loss of $3m.
TUI adds two more Germany's TUI Cruises has declared options for two more cruiseships at Meyer Turku in Finland.
Subsea owners form JV Norway's Reach Subsea and Sweden's MMT are forming a joint venture for survey services.
Cameroon closer for Golar Golar LNG is hoping to see its natural gas export project plans in Cameroon finalised in the third quarter.
Box trio team up Hanjin, HMM and Yang Ming launch new Asia to South America service.
Havyard snaps up order Norway's Havyard has won an order for the construction of a subsea vessel that will cost around NOK 700m ($88.9m).
Exmar shares soar Stock enjoys biggest boost for five years as owner surprises market with Fredriksen gas tie-up.
Siem extends charter Siem Offshore has stretched the deal for one of its veteran scientific research vessels as it won approval for its new finance plan.
Skaugen sells out Norway's IM Skaugen (IMSK) is selling its SPT lightering operation to its partner Teekay.
Feringa quits Stolt Hans Feringa has quit Stolt Tankers to become chief executive of Team Tankers, better known as the former Eitzen Chemical.
Shell's $4.7bn splash South Korea's Samsung Heavy Industries has scooped a big new order for floating LNG (FLNG) units from Shell.
Exmar LNG is born Nicolas Saverys-led Exmar is tying up with John Fredriksen's Geveran Trading Co and Flex LNG to form a new $2.3bn Oslo-listed company with which to expand into the LNG infrastructure sector.
China handy scrap boost The smaller bulker segments could be key beneficiaries of China's recent decision to extend ship scrapping subsidies, a Greek broker predicts.
SSA opts for Poulsson The Singapore Shipping Association (SSA) has named Asian shipping veteran Esben Poulsson as its new president.
Statoil goes to Samsung Norwegian oil giant heads to South Korea for last part of huge North Sea offshore project.
Star Bulk sees red Star Bulk Carriers has started the financial year in the red reporting a loss of $40.2m for the first quarter.
LA to improve terminals The Port of Los Angeles is poised to begin construction to improve facilities at the Yusen Terminals-operated container terminal.
Report: MOL orders 'methanol-burning' carriers Minaminippon Shipbuilding will reportedly build up to three dual-fuel ships.
Ship emissions capturing system receives CARB approval Technology, developed at the port of Los Angeles, captures 90% of 'at-berth' emissions.
Fuel oil cargo fixed to West Africa 'There is good bunker fuel demand in Dakar.'
Dan-Bunkering appoints managing director in US Appointee has 'excellent management skills'.
Gaps to be filled as EU MRV regulation comes into force BDN likely to play key role as ships will be required to report overall fuel use, CO2 emissions and efficiency proxies.
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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