US warns LNG exports at risk America's promised bounty of LNG exports could be at risk if ship channels aren't properly maintained, a government official has warned. Melanie Kenderdine, director of the Office of Energy Policy and Systems Analysis at the US Department of Energy (DoE), said government budget constraints are
Colombo Port to get cruise terminal Sri Lanka Ports Authority has decided to convert the Bandaranaike Quay (BQ) in Colombo Port into a fully-fledged cruise terminal to cater to growing post-war cruise ship calls, chairman Lakdas Panagoda told a Ceylon Chamber of Commerce forum. The BQ is now used as a breakbulk terminal. Part of the
Scorpio sells Dorian stake NYSE-listed Scorpio Tankers has agreed to sell six million shares of Dorian LPG to a subsidiary of the BW Group. BW will pay USD15.34/share, a 6.24% discount to Dorian's closing price of USD16.39 on 17 July. Scorpio Tankers will garner USD92.04 million in gross proceeds from the sale and will still
London Gateway opens logistics park The common user facility, the first building constructed by London Gateway operator DP World as the anchor for its logistics park, was opened on 20 July by UK transport minister for shipping Robert Goodwill. London Gateway deepsea container terminal on the lower Thames began operations in Q1 2014
Wärtsilä to cut 600 jobs Finnish engine maker Wärtsilä is to cut 600 jobs in its new Marine Solutions business unit. The jobs will be lost across the entire business, with 7,217 currently employed globally in Marine Solutions. The company's home country of Finland has had 160 jobs earmarked for loss. Wärtsilä said the
Libya claims attack on two ships, sinking one Libya's internationally-recognised government has claimed its warplanes have sunk one vessel and attacked another close to the coast of Benghazi. An air force spokesman was quoted as saying that the vessel was sunk "because it had loaded fighters, weapons and ammunition to support terrorism in the
Harim Group chairman takes over reins at Pan Ocean Harim Group's chairman, Kim Hong-guk, has been named as co-CEO of bulker outfit Pan Ocean. The move follows the South Korean poultry processor's acquisition of Pan Ocean with private equity firm JKL Partners. Pan Ocean said in a Korea Exchange filing on 20 July that STX Corporation's former CEO
Chandris Group books another LNG carrier at DSME Greek ship owner Chandris has exercised an option for another LNG carrier at Daewoo Shipbuilding & Marine Engineering (DSME). DSME said on 20 July that Chandris signed for another 173,400 m³ LNG carrier to service a joint venture the Greek company has with Japan's 'K' Line. The ship, to be fitted
Shipyards in Jiangsu receives 86.8% fewer new orders in 1H15 Shipyards in Jiangsu, China's largest shipbuilding province, received 1.93 million dwt in new orders the first half of 2015, slumping 86.8% year-on-year, showed data released by the local government. Newbuilding output in Jiangsu for 1H15 amounted to 8.46 million dwt, and the order book held by
Sainty Marine calls off NMHI takeover bid Shenzhen-listed Sainty Marine has called a halt to its plan to take over insolvent Nantong Mingde Heavy Industry (NMHI) due to lack of funds. After repeated studies, Sainty Marine had found it was unable to allocate funds to continue to support the restructuring of NMHI, a stock filing of the
Hyundai HI and KIOST develop sea weather forecasting system Hyundai Heavy Industries, the world's biggest shipbuilder, said on 20 July that it has developed a sea weather forecasting system with Korea Institute of Ocean Science & Technology. The system will facilitate the arrangement of sea trials for the ships built at HHI's Ulsan yard. The system will
Hong Kong hits 12 months of falling volumes Hong Kong port reached a dismal milestone in June, posting its 12th consecutive monthly decline in throughput for the first time, handling just shy of 13% fewer containers than in the same month last year. The port handled 1.7 million TEU in June, down from 1.97 million TEU in the same month in
Japan ship orders up 38% in June Orders at Japanese shipyards went up in June 2015, as ship owners rushed to build ships that would comply with the International Maritime Organization's new standards that will take effect from 1 July 2016. Figures from the Japan Ship Exporters' Association (JSEA) showed its member shipyards
Vallianz secures charter extensions Singapore-based offshore oilfield service provider Vallianz Holdings said on 20 July that has won extensions of existing charter contracts that are worth up to USD458 million. The contracts are for 15 anchor handling tug supply (AHTS) vessels and four platform supply vessels (PSVs) that are
NOL: No definite sale yet Singapore's Neptune Orient Lines has said that it has neither decided on selling itself nor made any agreement with a potential buyer. In a filing to the Singapore Exchange just before midnight on 19 July, NOL said, "The company is focused on returning its core liner business to sustainable growth
Australia-China FTA could be scrapped The Australia-China Free Trade Agreement (ChAFTA) could unravel this week, as Australian unions intensify the attack on a key clause. In response, China has threatened to retaliate by requiring changes to a deal that has taken 10 years of negotiations. Unions have taken umbrage to a provision
China Oilfield Services branch to raise $3.5 billion Shanghai-listed China Oilfield Services (CSCL) announced on 20 July that its subsidiary COSL Singapore Capital will issue Euro Medium Term Notes (EMTN) to raise USD3.5 billion from professional investors. Notes issued under the EMTN Programme may be denominated in any currency, stated the company
UK P&I cautions on nickel ore liquefaction The UK P&I Club has issued an advisory about the liquefaction risks of nickel ore cargos, after a bulker belonging to one of its members listed on 15 July. The club was referring to Malaysian Bulk Carriers' Supramax bulker Alam Manis, which listed three days after loading nickel ore in Surigao,
We've been watching all major growth paths, says BW LPG boss BW LPG has five weeks to buy 10% of Dorian LPG from BW Euroholdings
Economou inks four aframax newbuildings with Jiangsu Hantong Deal with yard includes two options and adds to owner's major tanker spree in recent months
VLGC spot rates dip on relets No risk of freight market collapse
Tough road ahead for China's small and medium-sized shipowners Owners' association could face revolt as smaller players consider forming breakaway group
Never again, promise technical experts after MOL Comfort casualty Top class societies bring in new rules to ensure containerships of the future are able to withstand more extreme weather and load conditions
Epic Gas to open $120m credit line Singapore-based specialist in pressurised LPG sector to use newbuilding orderbook as security
Suezmax sales reveal rising values Opportunities mount for sellers able to secure a willing buyer
Ship reportedly sunk by Libyan airstrike Second vessel subjected to attack on Sunday
NOL says no decision yet on sale Share price of Singapore-based box carrier rises 7% in to day's session
Chandris returns to DSME for a second LNG carrier Greek owner teams up with K Line to operate 173,400 cu m ship
Scorpio Tankers sells 10% of Dorian LPG to BW Emanuele Lauro-chaired owner continues to cash in red-hot sector to focus on product tankers
Data Hub: World Fleet Update Cosco lines up for 20,000 teu vessels as Maersk adds nine 14,00 teu ships
Passages to India The complicated business of a government effort to bring LNG shipbuilding knowhow to India's shores
Design for the unexpected Solutions are required to make maritime equipment less vulnerable to forced entry
Atomic Transport strikes 2-year deal with Ecolibrium Solar for FTL Chicago, IL - Atomic Transport and Ecolibrium Solar are excited to announce their two-year commitment to doing business together. Throughout the past year, Atomic Transport has proven to Ecolibrium Solar that this will be a worthwhile partnership by continuing to delivery top-notch transportation solutions. Logan Stillwell, the customer specialist at...
East Coast ports lead the pack in US import growth U.S East Coast ports took eight spots on a list of top 10 fastest-growing major U.S. ports in the first half of 2015, edging out all but two of their West Coast counterparts. It's a testament not only to the booming U.S. import market and the investments Atlantic ports have made...
Pacific Merchant Shipping Association applauds Gov. Brown's executive order creation of an integrated freight plan John McLaurin, President of the Pacific Merchant Shipping Association (PMSA), issued the following statement in reaction to Gov. Jerry Brown's Executive Order B-32-15 issued today. The Executive Order requires the state to develop an integrated action plan by June 2016 that will increase the competitiveness of California's freight system while...
C.H. Robinson Introduces Freightview for Small and Midsized Businesses C.H. Robinson has introduced Freightview®, a neutral, cloud-based transportation management system (TMS) software platform which cuts the time and money small and midsized businesses (SMBs) spend on freight shipping by streamlining quoting, booking, tracking, and reporting. Freightview was created to provide an innovative and valuable communication tool to SMBs who remain...
DHL Global Forwarding launches U.S.-Mexico LTL trucking service As more international companies open shop in Mexico to serve both Latin American and U.S. markets, DHL Global Forwarding is working to ease complex cross-border transactions for shippers. The air and ocean freight arm of DHL last week launched Trans Border Connect, a service that helps shippers move less-than-truckload freight...
Globe Express Services appoints Poonam Datta as CCO Globe Express Services has announced the appointment of Poonam Datta as its new Chief Commercial Officer (CCO). The industry expert will be responsible for developing the company's global commercial strategy and building a strong team to further expand its presence in the international market. An accomplished and experienced business leader,...
European shippers back FedEx purchase of TNT The European Shippers' Council adamantly opposed UPS' proposed takeover TNT Express, but the group has no qualms with FedEx buying the ailing parcel provider for $4.8 billion. In a survey of the council's members, 90 percent said they supported the merger, with most respondees saying they believe the deal would maintain...
FMC investigation could squelch ILWU chassis inspections A recently-launched Federal Maritime Commission Section 15 investigation of a terminal operators discussion agreement could have a chilling effect on the mandatory inspection of chassis by International Longshore and Warehouse Union mechanics at West Coast ports. The provision in the new ILWU contract mandating safety inspections of chassis before they are...
Hapag-Lloyd, CMA CGM raise rates on growing Middle East-East Asia lane Port of Jebel Ali, DubaiHapag-Lloyd and CMA CGM have implemented general rate increases on cargo bound for the Middle East from East Asia, as trade is forecast to build modestly. Both increases apply to Persian Gulf ports and will take effect August 1. Hapag-Lloyd's $200 per twenty-foot-equivalent unit increase excludes Japan,...
Daggett: ILA ready to talk, but no 'backtracking' Workers unloading a ship at Port of Jacksonville. Source: JaxportSAN JUAN, Puerto Rico - International Longshoremen's Association President Harold Daggett promised ILA convention delegates that any long-term contract extension will protect past union gains. "Let's make it clear the ILA has no intention of backtracking on any of these hard-won gains if...
Adani Ports powers forward on Vizhinjam deep-sea port Adani Ports and Special Economic Zone is betting big on the much-awaited Vizhinjam International Container Transshipment Terminal project, a deep-water, green-field site in India's southern state of Kerala. Within days of it being selected to build and operate the planned facility on a 40-year concession, the country's largest private infrastructure developer...
Trans-Pacific shippers pushing back peak season With the return of a semblance of normalcy to the trade, some beneficial cargo owners aren't shipping their holiday season shipments as early this year as they did in 2014, when they sought to beat West Coast labor disruptions. The peak season has traditionally started in July, but many BCOs...
Antwerp container volume growth double Rotterdam's Port of AntwerpLONDON - The battle for market share between Europe's top two container ports is intensifying with second-ranked Antwerp's traffic growing more than two and half-times faster than Rotterdam's in the first half of the year. Antwerp grew volume by 9.5 percent to 4.84 million 20-foot-equivalent units while Rotterdam trailed...
Trans-Pacific shippers back to thinking about supply, demand and timing With the return of a semblance of normalcy to the trade, some beneficial cargo owners aren't shipping their holiday season shipments as early this year as they did in 2014, when they sought to beat West Coast labor disruptions. The peak season has traditionally started in July, but many BCOs...
Shreyas Shipping fleet grows by two, more to come Shreyas Shipping and Logistics last week said it took delivery of two more container ships that make it the largest Indian short-sea ship operator in terms of fleet size. The company took delivery of the SSL Bharat, which has a capacity of 2,959 twenty-foot-equivalent units, at Jebel Ali, United Arab Emirates,...
No quick return for Iran trade after nuclear deal, Drewry says Iran's port of Shahid Rajaee, formerly known as Bandar Abbas, handles 90 percent of the country's container traffic.HONG KONG - The nuclear deal reached with Iran has placed container trade back on the radar of carriers, but with all the hoops for the country still to jump through, it could...
No decision yet on sale, NOL says HONG KONG - A notice to the Singapore Exchange by Neptune Orient Lines stating that it had not decided to sell has hardly closed the door on the topic.NOL told investors today that it had not entered into any sale agreement following reports last week that its majority shareholder, Temasek,...
No quick return for Iran trade after nuclear deal, Drewry says Iran's port of Shahid Rajaee, formerly known as Bandar Abbas, handles 90 percent of the country's container traffic.HONG KONG - The nuclear deal reached with Iran has placed container trade back on the radar of carriers, but with all the hoops for the country still to jump through, it could...
No decision yet on sale, NOL says HONG KONG - A notice to the Singapore Exchange by Neptune Orient Lines (NOL) stating that it had not decided to sell has hardly closed the door on the topic.NOL told investors today that it had not entered into any sale agreement following reports last week that its majority shareholder,...
Foreign carriers keep pressure on China to relax cabotage Port of ShenzhenHONG KONG - Calls for an end to China's cabotage laws have been growing with Maersk Line one of the loudest voices requesting restrictions on foreign carriers operating in the domestic markets be relaxedForeign carriers, led by Maersk Line, as well as major Chinese ports have been actively...
Drunk master pleads guilty The master of an Italian chemical tanker has pleaded guilty in the UK to being drunk while in charge of the ship.
LR forges LNG team Lloyd's Register (LR) has joined forces with Arizona's Penn Oak Energy to help shipowners raise capital to retrofit ships to run on LNG.
Waterway shut after fire The Gulf Intracoastal Waterway is closed near Houston after a tug-and-barge collision sparked a fire overnight.
BW investment 'welcome' John Hadjipateras has welcomed the arrival of Andreas Sohmen Pao's BW Group as a major investor in New York-listed Dorian LPG.
Seamec in $3.8m claim Seamec of India has filed a claim of $3.82m against a Dubai-headquartered company over unpaid charter fees.
Genting eyes profit surge Malaysian cruiseship group Genting has forecast a massive increase in first-half profit after selling stock in Norwegian Cruise Line (NCL).
Dreyfus does grain deal Louis Dreyfus Commodities has revealed plans to ship grain from a newly acquired terminal in Russia.
Dry glass half full Capesize rates continued to power the dry cargo market to new 2015 highs on Monday with stocks responding to the mini-rally in the sector.
Wilson keeps selling Wilson has kept disposing of ageing tonnage with the latest sale of a multi-purpose vessel, the second such move in three days.
Barge goes up in flames Two barges have collided in the Houston Channel, causing a fire on one of them.
Frontera wins LNG work US-based Frontera Resources has won a deal to build a new LNG terminal for gas shipments in Ukraine.
Gener8 IPO pot grows Gener8 Maritime has seen its initial public offering haul raise to $236.3m after underwriters took most, but not all, of the shares available to them.
MSC boosts bunker charge Italian-controlled container line MSC is slapping extra bunker surcharges on cargo moving between Europe and South America.
Sinokor nets box cash Sinokor has secured financing from Investec and Blue Sky Intermodal to buy over 10,000 containers.
Seafarer dies on tanker An Indian crewman has died on an Italian tanker off the coast of France.
State steps in The Lithuanian government has stepped in to help crews on arrested Lithuanian Shipping Company (LSC) bulkers.
LNGreen ready to go A consortium of shipping industry players has completed the design of a state-of-the-art LNG carrier.
JP Morgan: 'cycle has legs' Bank boosts tanker rates view and upgrades both DHT Holdings and Scorpio Tankers.
Fugro wins tunnel work Dutch offshore owner to carry out study into Europe's biggest infrastructure project.
SSY in 5TC breakthrough SSY Futures has completed the first long term capesize 5TC FFA contract in what is seen as a breakthrough deal.
Rotterdam on the rise Major European port rides higher volumes to improved net profit for the first half.
Polarcus into Africa Middle East owner Polarcus has won a new 1,500-square-metre seismic survey job off The Gambia in Africa.
Green giant Jefferies has placed a buy rating on newly listed Gener8 Maritime amid expectations of a huge hike in profit this year and the promise of savings from its newbuildings.
GE eyes fundraiser Indian bulker and tanker owner Great Eastern Shipping is seeking to raise INR 5bn ($78.69m) through a securities sale.
Crystal orders trio Genting-controlled Crystal Cruises is ordering three new cruiseships as its new Malaysian parent seeks to expand the business.
Epic funds seven in Japan Epic Gas is set to complete the financing of seven newbuildings under construction in Japan.
Chandris adds LNGC Greece's Chandris has declared an option for a second eco-LNG carrier at DSME in Korea.
Vallianz extends 19 OSVs Singapore OSV player now has order backlog worth close to $1bn following latest deal.
NOL future still unclear Neptune Orient Line's (NOL) future ownership remains unclear after it issued a less than categorical denial that it was up for sale.
BW buys Dorian stake BW Group has emerged as a significant shareholder in Dorian LPG, according to disclosures made on Monday.
Stena ro-ro in tanker smash Ferry sustains damage to portside in early morning collision, but no reports of pollution.
Hapag goes it alone Hapag Lloyd is set to go it alone on the Northern Europe to West Africa route after its joint service partner withdrew from the service.
LR, Penn Oak partner to help shipowners with LNG retrofits Aim to help companies raise capital for conversion projects.
GTT to supply LNG carrier's containment system Vessel is scheduled for delivery in 2020.
Dry bulk operator's 'entire fleet has been detained' Lithuanian Shipping Company 'close to collapse'.
MSC raises bunker surcharges On Europe to South American routes.
Chandris opts for second gas-fuelled carrier LNG carrier to be built in Korea.
Russian terminal wins new bunker client Zim switches to Slavyanka terminal in bid to cut costs and improve turnaround times.
Analyst gives tanker owner good report Eco fleet efficiency contributes to upbeat assessment.
New operation sells 4,000 mt of product in less than a month Lanka IOC sets target for Trincomalee.
Walking a tightrope blindfolded Even for bunker players with years of experience the market is an unpredictable and unforgiving place.
Gothenburg ship collision: Pollution fears But leaks not ruled out.
City authorities take closer look at bunker quality Compliance checks conducted in Chinese city of Shishi this month.
Russian port sees growth in bunker demand H1 marine fuel sales volume strengthened.
The Global Cap The question is not when it will be introduced, but if it can be enforced.
Chinese city tightens bunker quality control efforts Compliance checks conducted this month.
Data confirms vessel was 'responsible' for Vancouver bunker spill Team examined more than 100 hydro carbons from the oil.
Lawyer extols 'ship arrest-friendly jurisdiction' 'Judges can be approached with a ship arrest application outside normal working hours and during weekends.'
Australian oil slick: Ships suspected as possible leak source 'We know the ships that went past the area,' official says.
European ECA compliance monitoring pilot underway Project aimed at assessing tools for long term strategy to target sulphur cheats.
China: JV to build inland LNG refuelling stations Company also looking to develop 'clean energy propulsion technologies'.
Iranian oil's global debut remains 'far from certain' Several 'potential roadblocks' may get in the way.
Shell: Oil price recovery could take 'several years' Due to 'persistent global oversupply and receding Chinese demand growth'.
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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