Van Oord wins Burbo Bank Extension wind farm contract Dutch dredging and offshore major Van Oord has today signed a contract with DONG Energy to install foundations at the UK Burbo Bank Extension offshore wind farm. The project involves 32 monopiles and transition piece foundations, plus the supply and installation of scour protection, as well as
Banks trade shipping debt as finance landscape changes Banks have started to trade in the debt of their shipping customers, said Andy Georgiou head of global ship finance at Royal Bank of Scotland. This does not need to mean that the long-term business relationship between the lender and its shipping company borrower will come under threat, he said.
Gothenburg to build SEK4 billion logistics park The Swedish port of Gothenburg, the Nordic region's largest port, is to create a new 1 million m² logistics park with industry partners. It is expected to generate more than 2,000 jobs and be completed by 2025. Speaking to IHS Maritime, a port spokeswoman stated, "Gothenburg Port Authority will
MH370 search pause as GO Phoenix heads home The Malaysian-contracted GO Phoenix has completed its contract as part of the underwater search fleet for the missing MH370 passenger jet. According to the 24 June weekly update from the Australian Transport Safety Bureau (ATSB) charged with co-ordinating the search mission, the GO Phoenix left the
ABS to class Landmark Capital's 45,000 m³ LNG carrier Leading ship classification society ABS has been chosen to class a new design of 45,000 m³ LNG carrier to be built in China for Sino-Norwegian company Landmark Capital. The 45,000 m³ carrier, which comes with an option for another vessel, will be built by Xiamen Shipbuilding Industries in China.
Dover/Calais ferry services resume following strike chaos After sailing schedules were suspended throughout yesterday, Ferry services to and from the French port of Calais have now resumed normal operation with spaces available, as both P&O Ferries and MyFerryLink twitter streams have confirmed. P&O Ferries, which is part of the DP World group, tweeted
Drop in idle fleet raises hopes A sharp drop in idle container ship capacity during the first half of June is fuelling hopes among container ship tramp owners that charter hire rates could pick up again. Paris-based market researcher Alphaliner reported yesterday that the idle container ship fleet (charter-free vessels and
China's imported iron ore prices decline Imported iron ore prices at 33 major Chinese ports declined last week, showed Xinhua-China Iron Ore Index's report released on 23 June. The price index for imported iron ore 62% dropped four points to 61 for the week that ended on 22 June from a week earlier, while price index for iron ore 58% also
Speculation mounts on cancellation of Abbot Point project Speculation that Indian conglomerate Adani Group is about to cancel its controversial Abbot Point port and mining project in northern Queensland surfaced on 24 June following reports that it had halted all engineering work on the project. The reports, attributed to industry sources, were first
Asian Supramax rates push up on higher demand Supramax bulker freight rates are getting higher in recent days as more coal and nickel ore are being moved from Southeast Asia to China and India. The Baltic Exchange Supramax-Asia index on 24 June recorded the South China via Indonesia-East Coast India rate at USD7,038/day, up USD7 from 23 June
Virgin selects Miami as home port for cruise ship venture Virgin Cruises, the new cruise shipping venture set up by Sir Richard Branson, has selected PortMiami as the home port for its first cruise ship that will set sail in 2020. The company has also signed a binding letter of intent with Italian shipbuilding company Fincantieri for three new mid-size
Shanghai to open coastal trade to overseas container carriers Shanghai plans to offer cabotage trading right to foreign-controlled container shipping companies registered in the port city's free-trade zone (FTZ). China-flagged container ships controlled by overseas shipping companies and registered either in Shanghai or Shanghai's Yangshan port will be given
Twenty-seven companies vie for Sewol salvage job Twenty-seven companies will be bidding to salvage the capsized Sewol ferry. The tender, called by South Korea's Ministry of Oceans and Fisheries (MOF), closed on 23 June. The companies formed seven consortiums. Five of these groups comprise local and multinational salvage companies, while two
Transocean delays delivery of two drillships from Sembcorp Marine US-listed drilling company Transocean Inc has deferred the delivery of two ultra-deepwater drillships being constructed at Singapore's Sembcorp Marine. According to Transocean's fleet status report released on 22 June, it has deferred the delivery by two years. IHS Maritime's Sea-web.com data show
Alam Maritim bags $5.9m Chevron Malaysia job Malaysia-listed offshore services provider Alam Maritim Resources has clinched a MYR22 million (USD5.9 million) contract from oil and gas company Chevron Malaysia. The contract was signed by its joint controlled entity Alam Swiber Offshore for installation works involved in the replacement of
China CSSC reports strong orderbook of 163 ships, 10 rigs Shanghai-listed China CSSC Holdings announced on 24 June that the company has secured orders for 163 vessels, totalling 20.57 million dwt, and 10 rigs as of 31 December 2014. In 2014 the company received orders for 61 vessels, amounting to 8.99 million dwt, and none of these orders have been
Ezra shareholders approve rights, convertible bonds issues Singapore-listed offshore services provider Ezra Holding has obtained approval from its shareholders to authorise convertible bonds and rights issues. The company is expected to raise approximately USD150 million from the rights issue and another USD150 million from the convertible bonds issue.
New MOL president calls for innovation In his inauguration message on 23 June, Mitsui OSK Lines' (MOL's) new president Junichiro Ikeda said that the company must continue to innovate in the face of an ever-changing shipping industry. Ikeda noted that financial year (FY) 2015 is the second year of "STEER FOR 2020", MOL's mid-term
More VLCC deals thought to be round the corner Market watchers to keep an eye on Gener8's IPO to see if pricing ideas are met
NSB's next widened ships wait for bank approval First altered panamax MSC Geneva has completed sea trial, but Nord LB says it must be delivered before surgery starts on sisterships
Norden ups full-year expectations on buoyant tanker market Danish operator raises forecast for full-year ebit to range of $50m to $90m
Wan Hai appoints new vice-chairman and president Chairman Po-Ting Chen gives up role as president
Tesco raises concern over bigger boxships Director at multinational retailer says that its customers will be the ones to suffer unless ports can manage these extraordinary peaks in cargo
MyFerryLink walkout ends as CalMac action starts Dover-Calais operations resume as disruption expected on Scotland's west coast
Greek owners 'have plan B for Grexit' Most shipping companies have alternative jurisdiction lined up, says lawyer
Nordic American boss blasts 'gigantomania' in tanker industry 'Empire building' is not for Nordic American Tankers, which prefers to take things slower
PSA launches phase 3 and 4 of Pasir Panjang development The $2.6bn project will enable Singapore to handle 50m teu by the end of 2017
Aronnax: Richard Branson the new shipowner With three vessels for Virgin Cruises on order, one hopes he listens to the advice he has paid for.
Regulators circle Oakajee funding scheme Bid to revive a stalled iron ore port project has landed Western Australian miner in trouble with corporate regulators
Hapag-Lloyd to raise South America northbound rates Hapag-Lloyd is raising rates on the East Coast of South America to Central and North America trade lane amid a recent shakeup in vessel-sharing agreement. Hapag-Lloyd, the fourth-largest carrier on the trade lane, announced a general rate increase of $325 per 20-foot container and $500 per 40-footer on shipments on its...
FMC to order carriers to hand over data key to monitoring West Coast agreement WASHINGTON - The U.S. Federal Maritime Commission is moving to force ocean carriers to provide data and information for monitoring a FMC-authorized agreement formed to attack West Coast port congestion. The FMC in a closed meeting Wednesday unanimously voted to direct its staff to prepare an order to force the carriers to...
Pacific Rim trade deal within grasp after Congress sends 'fast-track' bill to Obama WASHINGTON - The U.S. Senate Wednesday voted to renew trade promotion authority for the first time in nearly eight years, setting the stage for a Pacific Rim partnership that some have heralded as the largest trade pact in history. The 60-38 vote renewing "fast-track" authority for six years is a significant...
Train service for containers commences from Krishnapatnam Port to Bangalore A new efficient train service commenced its first journey from Krishnapatnam Port to ICD WFD on 19th June 2015, thereby marking a new milestone on the service offerings by the port. The first rake was a full load of import laden containers belonging to the business houses in and around...
AfA applauds Senate confirmation of new TSA administrator WASHINGTON - The Airforwarders Association, which represents more than 360 companies that move air cargo through the supply chain, today welcomed the confirmation of U.S. Coast Guard Vice Admiral Peter Neffenger to be the new administrator of the Transportation Security Administration. "We were impressed with Vice Admiral Neffenger during his confirmation hearings...
Maersk to implement GRI on fast-growing Asia-Africa trade lane Buoyed by a 13.8 percent jump in containerized trade between Africa and East Asia over the last two years, Maersk Line will implement a general rate increase of $100 per 20-foot equivalent unit, starting July 15. China's exports to Africa have increased 14.4 percent from 2 million TEUs in 2012, to...
Work on St. Petersburg's deep-sea port gets start date In September, dockside construction will begin on a new deep-sea port with a capacity of 1.45 million 20-foot-equivalent units, amid sanctions and a collapse in the price of oil that have pulled down St. Petersburg's container volume. The decision to begin construction may seem odd given the current trends in container...
Tripartite has secured $4.5m for infrastructure The COMESA-EAC-SADC Tripartite has secured an USD 4.5m grant from the NEPAD - Infrastructure Project Preparation Facility. Out of this facility, USD 1.7m will go to Botswana to implement infrastructure projects that will strengthen trade between COMESA and SADC. Secretary General of COMESA Sindiso Ngwenya disclosed this when he received credentials...
SeaLand says new Americas service offers transshipment opportunity SeaLand sees its new service linking Central America with the U.S. East Coast as an opportunity to increase its interchange of cargo from ships of its larger corporate sibling Maersk Line. "We've designed this service to connect well with the rest of our inter-American network," Timothy DiPietropolo, SeaLand's line manager for...
Drop in idle fleet raises ship owners' hopes for higher rates A sharp drop in idle container ship capacity during the first half of June is fueling hopes among container ship tramp owners that charter hire rates could pick up again. Paris-based market researcher Alphaliner Tuesday reported that the idle container ship fleet, including charter-free vessels and liner-controlled vessels without service assignment,...
Creating a framework for African connectivity Nairobi - The International Air Transport Association (IATA) called for governments, safety regulators and industry to take action to drive aviation connectivity and infrastructure development in Africa for the economic and social development of the continent. "Africa is set to be one of the fastest-growing aviation regions over the next 20...
Bartos named interim president at Con-way Truckload Transportation and logistics company Con-way chose Hank M. Bartos, a 30-year transportation and logistics veteran to temporarily lead its truckload division. Bartos succeeds Joseph Dagnese, who last week was named president of Con-way's less-than-truckload division. The move is the latest management shift at Con-way following the departure of former Con-way Freight...
2015 Fleet and Vehicle Management Report What do today's fleet professionals think of GPS tracking technology? More than 1,100 business owners, fleet operators, and general managers participated in a recent survey regarding their biggest fleet management challenges - and how they use technology to solve them. See significant findings on areas such as:...
India's Shreyas Shipping adds container ship to fleet Shreyas Shipping and Logistics on Wednesday said it signed an agreement to buy the Hub Gallardo, a container ship with a capacity of approximately 700 20-foot-equivalent units, the Indian short-sea ship operator's second acquisition this month. "The price of the vessel is $2.9 million," the company said in a filing to...
AFL-CIO pushes back against port legislation The AFL-CIO says legislation to require government collection of port performance data before and during longshore bargaining would politicize federal data collection and allow statistics to be used to undermine unions' negotiating positions. Edward Wytkind, president of the labor federation's Transportation Trades Department, urged the Senate Commerce Committee to remove or...
Drayage drivers end Nhava Sheva terminal boycott Container trailer companies in Nhava Sheva late Tuesday lifted their boycott of APM Terminals-operated Gateway Terminals India, giving beleaguered shippers some relief from landside capacity constraints that have tightened during the past year amid rising volumes via Jawaharlal Nehru Port Trust. "The boycott has been called off by the Nhava Sheva...
Logistics, trucking firms face uphill battle SAN DIEGO - Chief executives of companies that operate in the highly competitive trucking and logistics space admit they have a real challenge on their hands as they work to provide good service, seek new business and turn a profit as operating costs, including truck driver wages, go up. "Customers want...
Legislation on ports, labor gains momentum The Preventing Labor Union Slowdown Act that was filed at the weekend by Sen. James Risch, R-Idaho, was the third bill in the past two months that focuses on U.S. ports, but for retailers who depend upon a smooth flow of commerce, the attitude toward port legislation is, bring it...
Asia-Europe rate war forces O3 Alliance to blink first HONG KONG - The Ocean Three Alliance has taken the unprecedented step of withdrawing one of its Asia-Europe strings at the start of the peak season, which will take 12,000 twenty-foot-equivalent units out of service, according to Alphaliner.CMA CGM, CSCL and UASC will take out one of their four Asia-North...
Singapore's new terminals target mega-vessel productivity Singapore Prime Minister Lee Hsien Loong gets the hang of handling a crane by remote at Pasir Pajiang's automated crane operating center.HONG KONG - Singapore has opened two new phases of its $2.6 billion Pasir Panjiang Terminal, another step along a massive development road that will help the port cope...
Asia-Europe rate war forces O3 Alliance to blink first HONG KONG - The Ocean Three Alliance has taken the unprecedented step of withdrawing one of its Asia-Europe strings at the start of the peak season that will take 12,000 TEUs out of service, according to Alphaliner.CMA CGM, CSCL and UASC will take out one of their four Asia-North Europe...
China slowdown puts brakes on factory output HONG KONG - The general slowdown in China's container exports was supported by the latest manufacturing data that shows weak factory activity being recorded in the mainland for the fourth consecutive month.The HSBC/Markit manufacturing purchasing manager's index recorded 49.6 in June. Anything under 50 signifies contraction, and that is where...
'Data explosion' predicted to unlock unused trucking capacity SAN DIEGO - Truck drivers may be legally permitted to drive 11 hours a day, but do they? Trucking technology provider PeopleNet reviewed data from more than 200,000 onboard computers used to log driver hours and concluded many drivers don't even come close to that limit. "We're constantly measuring how many...
US regulators urged to end union chassis inspections With longshore unions on both coasts moving aggressively to enforce chassis inspection requirements, the American Trucking Associations wants the Federal Maritime Commission and the Federal Motor Carrier Safety Administration to immediately put an end to inspections it says are creating costly delays for drayage truck drivers. "These inspections are illegal," Curtis...
APT Terminals giving Houston terminal back to port authority APM Terminals is transferring its lease at Houston's Barbours Cut terminal to the port authority, which will market the 80-acre site to other users. Maersk Line, which now uses the APMT facility, will continue its existing services to Houston, the Gulf Coast's busiest container port. Maersk is a partner in the...
East-west rates 'in free fall,' Drewry says Rates on major east-west container routes are "in free fall" and likely to remain depressed by supply-demand imbalances for at least two more years, according to analysts at Drewry Supply Chain Advisors. "We believe freight volatility is likely to continue and in fact get worse over the next two years," Stijn...
Gener8 hears $14 Gener8 Maritime is on the verge of pricing its closely watched New York IPO, but it will be forced well below its intended target range of $17 to $19 per share.
By order of the king King Philippe and Xi Jinping witness signature of $200m FLNG loan for Exmar.
Capes and BDI set 2015 high Physical rates rise to year-to-date peak, tracking progress in the paper market.
Soechi targets tankers Indonesian's Soechi Lines is plotting tanker buys with the proceeds of a US dollar bond issue worth up to $200m.
Saga eyes new ships UK group Saga is planning to acquire new vessels to boost its cruise operations.
Canada seeks ship Canada's government wants to convert a merchant vessel into a ship fit for naval supply work.
Brighter view drives Norden Norden shares gained ground today after the shipowner bumped up its profit forecasts.
Swire in diabetes warning Swire Pacific Offshore (SPO) has launched a campaign to highlight the dangers of type 2 diabetes to crew.
Crew "feared for lives" An Australian inquest into two deaths on a Japanese bulker has heard how the captain's behaviour made crew fear for their lives.
Double boost for Braemar A strong tanker market and some significant sale and purchase deals kept Braemar Shipping Services on track in the first quarter.
Cargoship sinks off India All 14 crew have been rescued after their cargoship sank off India.
Faulty pump caused flooding UK's MAIB tells Shipmar to improve safety after cargoship abandoned off Cornwall.
"A ship or two" Nordic American Tanker (NAT) is in a strong position to add tankers to its fleet in a "positive" market.
MMA wins Chevron deal Australia's MMA Offshore has secured a management deal from Chevron for its operations in the north-west of the country.
Olsen raises $389m Fred. Olsen Renewables Limited (FORL) has sold 49% of its UK onshore wind farm business for £246m ($388.62m).
Norden raises its sights A strong showing from its tanker division and smaller than projected losses from its bulker arm have led Norden to dial up its full-year forecast.
Rosario strike off A strike was called off at Argentina's key grain port of Rosario after dock workers won a 31.5% pay rise.
CalMac's emergency run Scottish ferry owner CalMac has pledged to get runners to Barra for its annual charity event despite strike action by workers.
Pirates kill four Suspected pirates have shot dead at least four policemen in Nigeria.
Courage sells capesize Courage Marine has sold one of its two capesize bulkers, the company has comfirmed in a statement.
Traf and SLNG team up Trafigura has sealed a deal to use excess capacity within the Singapore LNG (SLNG) terminal on Jurong Island.
RIG delays Jurong duo Singapore shipyard group sees delays to two rigs with threats of more to come.
Stricken vessel towed to safety Container ship abandoned off the West Coast of India has been stabilised.
New rules on sulphur content come into force next week ClassNK issues reminder on Hong Kong deadline.
Oakland reduces particulate pollution from ships Cold ironing instrumental in port's success.
Diesel demand weak over longterm Marine and land demand patterns will be shaped by regulation, says analyst.
'Below average demand' in Asian bunker hub Fuel oil sellers 'eager to dispose of their cargoes.'
SLNG signs deal on spare capacity Terminal key part of Singapore's LNG bunkering plans.
China to legislate on bunker fuels 'Ocean-going vessels will be required to use fuels that conform to China's environmental protection standards,' says official news agency.
UK: Arrested boxship to go on sale Vessel seized earlier this year over defaulted loan payments.
Maersk subsidiary orders diesel electric OSV System reduces fuel consumption by 13%.
Spain: Automated oil spill detection vehicles undergo testing As part of European project.
Chimbusco organises safety awareness campaign Emergency response exercise scheduled for later part of June, it says.
Batteries chosen for Scotland's hybrid ferry System claims up to 30% bunker savings.
Wartsila's first two-stroke low-speed DF engine passes test System is the first two-stroke low-pressure DF engine to pass YMPC's Factory Acceptance Testing.
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