Carnival launches 'voluntourism' cruise brand Carnival Corp has unveiled a new cruise brand called 'fathom' geared towards travellers wanting to make a 'social impact' through combing voluntary work with tourism, an activity increasingly known as 'voluntourism'. Fathom will be launched in April 2016, sailing seven-day voyages from Miami to the
New ABB marine electrical propulsion drive ABB, a leading power and automation technology group, has launched a new propulsion drive. The NektonDrive is a low-voltage variable speed drive specially designed for demanding marine applications. It comes with a power range from 710 to 5700 kW at 690V AC. The NektonDrive helps vessels use
DNV GL Energy Study shows rise in awareness of performance monitoring Only about a third of shipping companies are aiming for energy savings of 5% or more, a new study by DNV GL Energy Management suggests. While energy saving is a high priority, with three-quarters of those questioned naming fuel savings as a topic of high importance, in many cases shipping companies
Damen seeking stake in Vietnam shipyard Dutch shipbuilder Damen is looking to acquire a 49% stake in Vietnamese shipyard Ha Long, according to reports in Vietnamese state media and a press release by Ha Long's parent company, the state-owned Shipbuilding Industry Corporation (SBIC). An official from Damen told IHS Jane's that the company
Cargill, other creditors pursue Mercator Lines Singapore-listed dry bulk shipping company Mercator Lines is in talks with creditors over its restructuring process, including a statutory demand from trading company Cargill on certain deferred purchase contracts. According to its filing to the Singapore Exchange, Mercator Lines cited that the
Transatlantic aviation cargo on the rise Demand for transatlantic project cargo and full container load shipments from aircraft manufacturers is going up in May as European consortium Airbus ramps up deliveries from Germany to its new US assembly plant. According to Germany's DHL Global Forwarding, which has won a two-year freight
Suspended Colombo Port City project may resume The suspended Colombo Port City project in Sri Lanka is likely to resume, said Sun Ziyu, vice-president of China Communications Construction Company (CCCC), at a conference in Macao on 4 June. Sun is confident that the project, which was suspended in March, would continue. In a proposal submitted
Scorpio Bulkers continues retreat NYSE-listed Scorpio Bulkers has sold another five newbuilding contracts as it scrambles to reduce its exposure to depressed freight rates. The Emanuele Lauro-led dry bulk company announced the sale of three Capesize contracts and two LR product tanker newbuild contracts for a combined price of
Armed men hijack two vessels in South China Sea Armed men have hijacked two vessels in the South China Sea. Malaysian-flagged product tanker Orkim Victory was boarded in the South China Sea off Pulau Aur, Malaysia, on 4 June and had its oil cargo siphoned off. Orkim Victory, laden with petroleum cargo, was under way from Sungai
Yangtze River cruise vessel righted Capsized Yangtze River passenger ship Dong Fang Zhi Xing has been righted by the search and rescue team on 5 June at 07:30 h. The search and rescue team started to hoist the capsized cruise ship at 16:00 h local time on 4 June, according to the MoT.
Liner shipping industry to remain under pressure The unabated trend of ultra-large container ship (ULCS) orders means the liner shipping industry will remain under pressure, said Italian broker Banchero Costa. IHS Maritime's Sea-web.com data show that deliveries for 2015 are expected to total 250 ships of 1,860,583 teu. Of these, 69 are ULCSs,
Hyundai Mipo Dockyard far from meeting order target South Korean mid-tier shipbuilder Hyundai Mipo Dockyard's (HMD's) shares are expected to show weakness as it has a long way to go in meeting its 2015 order target. In a report following a visit to the Ulsan-based yard, Samsung Securities analyst Han Young-soo noted that the Hyundai Heavy Industries
Maersk targets at risk as rates hit new low With spot rates failing to cover anything more than bunkers costs, the Danish giant may struggle to regain market share losses and maintain its profit guidance
Opec ministers stick to 30m barrels limit An obvious decision in Vienna, but US shale isn't going away and the oil cartel faces a test of nerve in coming months
Asia-north Europe rates fall a further 17% June GRIs fall flat as freight rates stoop to new all-time lows
Aronnax@Nor-Shipping: A final word on bubbles One of the three companies that make air bubble hull lubrication systems, Foreship, was at this year's exhibition in Oslo
Torm calls extraordinary general meeting to rewrite articles of association New articles will allow company to push ahead with restructuring when it gets the green light from the English law courts
Shanghai International Port is open to buying stakes in German ports SIPG chairman Chen Rongyuan says that operator of the world's busiest port would like a shareholding relationship with German counterparts
Cape malaise as recovery comes to nought Singapore public holiday takes steam out of recent activity
Dorian LPG to receive as many as five new VLGCs in next seven weeks New York-listed Dorian enters rapid expansion phase as market stays hot
CMA CGM orders six 14,000-TEU ships CMA CGM has ordered six ships with capacities of 14,000 twenty-foot-equivalent units for delivery in early 2017 by South Korea's Hyundai Heavy Industries Ulsan shipyard. CMA CGM, which ranks third in global container ship capacity behind Maersk Line and Mediterranean Shipping Co., has seven additional vessels on order at three shipyards. The...
Carriers revise Asia-West Coast South America routes Container ship lines are shaking up their alliances operating between Asia and the West Coast of South America. Alphaliner reports that Mediterranean Shipping Co., CMA CGM, Hapag-Lloyd, Hamburg Sud, China Shipping, Hanjin and Hyundai Merchant Marine are revising their existing services on the route, and that Yang Ming plans to enter...
Logistics center planned for ex-steel mill site near Baltimore A 3,100-acre tract near Baltimore that was once was the site of one of the largest steel mills and shipyards in the United States will be marketed as a logistics and manufacturing center. JLL has been named real estate services provider for Sparrows Point Terminal LLC. Engineering firm Parsons Brinckerhoff will...
More LNG-ready container ships ordered for Baltic trade Belgian container ship owner and operator Delphis has doubled its order for two liquefied natural gas-ready ships that will be carry up to 1,900 twenty-foot-equivalent units and be strengthened for operation in ice. Delphis ordered the first two of the ships last November from Hanjin Heavy Industries & Construction in South...
Hiring at US trucking companies surges in May The U.S. trucking industry approached its pre-recession employment peak in May as the U.S. economy added 280,000 jobs. For-hire trucking companies hired 8,600 employees last month, compared with 1,700 workers in April, the Labor Department reported today. The strong bounce-back in new job numbers in May could allay fears the economy...
Deep-sea Krishnapatnam port gains direct rail to Bangalore Privately-operated Krishnapatnam Port Container Terminal, riding high on significant traffic gains last fiscal year, has received a further boost with state-owned rail operator Container Corporation of India launching a new hinterland link to the east coast harbor. Concor would begin operating a weekly intermodal service between Krishnapatnam and Bangalore, effective June...
Big ships bring big challenges to ports If I were standing in the shoes of a logistics director responsible for moving thousands of container loads of goods around the world, I'd have no choice but to be concerned about the system I rely on to get these goods from origin to destination, and to make those concerns...
US soybean exports set to decline further U.S. soybean exports are projected to decline this year in terms of both value and volume due to the strong dollar and competition from Brazil and Argentina, according to JOC.com economist Mario Moreno. The good news for shippers of this important agricultural product is that when sales do pick up, the...
Port of Seattle celebrates Green Gateway Awards SEATTLE-The Port of Seattle recognized several maritime businesses for their innovative approaches to environmental stewardship. The fifth annual event highlighted the energy and effort that businesses along the working waterfront do on a daily basis to make Puget Sound a cleaner place. "We started the Green Gateway Awards program...
Second agriculture transportation summit announced Ankeny, Iowa and Washington, D.C.-On Aug. 4-5, the National Grain and Feed Association (NGFA) and the Soy Transportation Coalition (STC) will host the second Ag Transportation Summit: "Transportation Capacity - Overcoming the Challenges." The event, sponsored in part by the U.S. Department of Agriculture's Agricultural Marketing Service, will be held...
US beef, pork exports rebounding as West Coast congestion clears U.S. beef and pork exports in April regained some momentum as congestion at West Coast ports dissipated and vessel scheduling in the trans-Pacific improved. "April was really the first time this year that we saw relief from the West Coast port situation, not that shipping traffic was completely back to normal,...
US Senate bill would allow president, governors to act against port slowdowns A bill introduced in Congress on Friday would empower the president to intervene to halt port labor slowdowns as well as strikes, and would allow state governors to initiate the process for federal back-to-work injunctions. Sen. Cory Gardner, R-Colo. and Senator Lamar Alexander, R-Tenn., sponsored the Protecting Orderly and Responsible Transit...
Norfolk Southern dedicates locomotive to first responders WASHINGTON, D.C.- Norfolk Southern (NYSE: NSC) in a ceremony at Washington, D.C.'s Union Station unveiled its latest commemorative locomotive, a vibrant SD60E honoring emergency first responders. The locomotive - with insignia recognizing police, fire, and emergency services - will enter general revenue service on Norfolk Southern's 22-state network. "The relationships we...
Sanctions, oil price drop rattle Russian container shipping industry ST PETERSBURG - Western sanctions and the fall in oil prices that devalued the rouble have devastated Russian container volume and sent shockwaves through the sectors dependent on the business. But there is some hope that fortunes will begin to improve in the coming months. Container volume at the Russian national seaports...
Intra-Asia trade driving container shipping demand LONDON -The intra-Asia trade will continue to drive container ship demand as carriers launch new services across the region, according to Alphaliner. At least 33 new weekly regional loops will be launched by the end of June, deploying 98 ships, more than any other trade lane, the industry analyst said. Half of...
Clyde adds in San Francisco Clyde & Co has hired a new shipping law partner in San Francisco as it continues to add to its California team.
VLCCs see down week Day rates for VLCCs declined by more than $10,000 on both the benchmark westbound and eastbound routes, according to MJLF.
The new normal? The number of unemployed platform supply vessels (PSVs) has returned to levels last seen in the autumn in the North Sea, but rates are lagging way behind.
Greeks' dry gamble The US and Greece have retained their titles as the biggest spenders on secondhand tonnage for the first five months of 2015, but they have different tastes in ships.
TNG wins three-year fix Croatia's Tankerska Next Generation (TNG) has fixed the second of its two new Korean resale MRs for a better rate over three years.
The upside to down We take a look at what was said in the market over the past week.
Rail canal for Thailand? South Korea has floated the idea of a "rail canal" in Thailand to load ships on to trains in a bid to slash voyage lengths.
Double attack off Malaysia Two vessels have been attacked by pirates off Malaysia but all crew are reported safe.
NYK Stolt options lapse NYK Stolt Shipholdings (NSSH) will not go ahead with the final two optional vessels in a series of six parcel tankers at Usuki Zoshensho in Japan.
Immigrants on Stena ship Sixty-eight immigrants have been found inside four lorries on a Stena Line vessel at Harwich port, Essex.
Indonesia's cash block Slowing economic growth and red tape have been blamed for delaying investment in Indonesia's shipyard industry this year.
Rem duo extended Rem Offshore has stretched charter deals for two ships with ExxonMobil Exploration and Production Norge.
Drugs ship raided Italian forces have boarded a Turkish cargoship and recovered 12 tons of hashish.
Newbuildings to get busy Dorian LPG has roughly met the consensus for the fourth quarter and Wells Fargo expects the company to secure long-term employment for its incoming vessels.
Pan Ocean paying more South Korean shipowner Pan Ocean has amended its latest court rehabilitation plan to pay more back to creditors.
Buenaventura disrupted Operations at Colombia's Buenaventura port have been delayed due to electricity problems following the destruction of a power tower.
Bore trials rotor kit Finland's Bore has claimed new sail technology can knock 20% of fuel bills.
Clipper exits tankers Denmark's Clipper Group has sold its last tankers as it focuses on profitable ro-ro and ferry operations.
Asian owners lead demo Asian shipowners have taken over from Europeans as the leading region for ship demolitions, latest research shows.
Samskip brings in Alk Iceland's Samskip has chartered in a German containership to cope with increased demand.
Could do better Only about one third of shipping companies are aiming for energy savings of 5% or more, according to a new study by DNV GL.
Saigon Port eyes IPO Vietnam's Saigon Port Company has announced plans for an initial public offering (IPO) on the Ho Chi Minh Stock Exchange.
Hedland hits new high Australia's Port Hedland has seen iron ore exports expanded to an all-time high last month, data from Pilbara Ports Authority shows.
OPEC: Output to remain 'unchanged' Second time in six months that the organisation has chosen to take no action.
GOI partners with Q8Oils to open supply company Manufacturing will begin on July 1.
Firm touts benefits of dry scrubber technology Systems are 'emissions-free', says Nordkalk.
Kinder Morgan: Anti-oil spill measures part of expansion plan Firm to charge shipping companies a fee to pay for new oil spill cleanup equipment.
Ex-wharf bunker prices 'cheaper than cargoes' Fierce competition between Singapore suppliers.
OW collapse was bunker sector's 'biggest tragedy' 'OW case has had negative consequences for the entire bunker business' says Dan-Bunkering's CEO.
Viswa Lab figures suggest fuel prices not reflecting real value True Worth Index calculations once again find the Middle East had the best regional quality.
British Columbia: More funding for LNG-powered ships Government in move to cut GHG from transport sector.
Contaminated bunkers row lands in court US fuel supplier squares up to commodities trader over alleged contaminated cargo.
Russian VGO exports in decline But data on volumes 'sketchy'.
Geos: Quicker bunkering turnaround at Great Yarmouth Company hooks up with a logistics solutions provider to 'improve' operational efficiency.
Bestobell wins supply deal for LNG-powered ferry Vessel currently under construction at a Chinese yard.
ABS issues LNG bunkering guidelines In response to 'industry's growing interest in gas propulsion'.
Finnlines vessel to be fitted with Alfa Laval scrubber Order is the 10th installation of the PureSOx exhaust gas cleaning system to be ordered by Grimaldi Group.
Study: One-third of shipping firms aim for 5% energy savings Reveals performance monitoring awareness is on the rise.
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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