Carnival settles disability case Carnival Corp has reached a comprehensive agreement with the US Department of Justice (DOJ) to settle allegations that it violated the Americans with Disabilities Act (ADA). "This landmark ADA agreement will enable individuals with disabilities the opportunity to equally enjoy a full range of
Scorpio sells final Dorian stake NYSE-listed Scorpio Tankers has sold all of its remaining shares in Dorian LPG, a move viewed as a positive by analysts. Scorpio disclosed on 24 July that it will sell 3,392,083 Dorian shares to Sino Energy Holdings for USD16.16/share. On 19 July Scorpio confirmed it was selling 6 million shares to
Damen launches Maersk offshore carrier Damen Shipyards Group has launched subsea support vessel Maersk Connector on 23 July at its Galati yard in Romania. It is the second of the Offshore Carrier 8500 design, a new generation of cable-laying vessels developed by Damen as a flexible platform for both transport and installation work
EMEA maritime attacks down but Bangladesh crime rises The EMEA region has seen a drop in incidents of piracy and armed robbery over the first six months of 2015 overall - but there is a worsening of security in some areas, a new report has revealed. Statistics issued by the International Maritime Bureau (IMB) this week showed increased violence in
HMD wins two LPG carriers South Korean mid-tier shipbuilder Hyundai Mipo Dockyard (HMD) said on 24 July it has won orders for two LPG carriers. The customer is believed to be a Greek shipowner but HMD would not provide further details. The price of the two ships is KRW115.3 billion (USD99.19 million), working out to just
London cruise terminal approved A plan to build a cruise terminal at Greenwich, London, has been given local authority planning approval. The facility will be built at Enderby Wharf on the Greenwich peninsula and called London City Cruise Port. It will be able to accommodate vessels up to 240 m long with 8 m draught when
OW Bunker customers risk double payment Shipowners and charterers who bought bunker fuel from OW Bunker's Singapore subsidiary Dynamic Oil Trading may face the risk of paying the physical fuel oil supplier twice. On 21 July 2015 the Singapore Court rejected the application for interpleader relief. OW Bunker, a Danish bunker trader, went
Sainty Marine chairman resigns Wang Shuhua, chairman of financially struggling Chinese shipuilder Sainty Marine, has resigned 'on personal work grounds'. The Shenzhen-listed company made the announcement in a stock exchange filing on 24 July. It said it would elect a new chairman in the near future. Wang's resignation comes
UPDATE: Blacklisted owner protests innocence Singapore-based Senat Shipping and Trading, which has been blacklisted by the US government, has argued that the action is unfair and a mistake. Senat was blacklisted because it was said to have been involved in illegal arms shipments to North Korea. But company president Leonard Lai insisted that
Over 20 dead in Nile river collision At least 21 people are thought to have been killed when a pleasure boat and a cargo vessel collided in the Nile River. Several bodies - including children - have been pulled out of the river by rescue teams, and others remain missing today. Five passengers were rescued. The incident happened on
Blacklisted Singapore shipping company: "We no longer work with North Korean firms" Singapore-based Senat Shipping and Trading, which has been blacklisted by the US government for assisting illicit arms shipments into North Korea, said on 24 July that it no longer works with companies from the sanctioned country. Leonard Lai, the company's president, said in a press statement that
Berlian Laju Tanker's restructuring faces opposition A group of Indonesian companies has filed a lawsuit in their country's court to oppose PT Berlian Laju Tanker's (BLT's) restructuring plan, or PKPU, as it is known in Indonesia. BLT, a chemical tanker specialist listed in Singapore and Jakarta, went into restructuring in January 2012 and the
Singapore-based Senat Shipping blacklisted over alleged North Korea shipment Singapore-based Senat Shipping and Trading and its owner Leonard Lai has been blacklisted by the United States for reportedly assisting in illicit arms shipments to North Korea. The US Treasury said that Senat was co-operating with Ocean Maritime Management Company (OMMC), a North Korean firm
South Korea's 'Big 3' shipbuilders headed for massive 2Q15 loss Loss provisioning and restructuring will result in big losses for South Korea's three biggest shipbuilders for the second quarter of 2015, sector analysts predict. KDB Daewoo Securities analysts Sung Ki-jong and Lee Ho-seung have pointed to the dearth of rig and drillship orders and the delays in
Tokyo's cargo traffic drops in April Cargo traffic at Tokyo, Japan's largest container port, fell 5% in April from a year earlier to 7.392 million tonnes because of a sharp decline in foreign trade, according to preliminary figures released by the Tokyo metropolitan government. Of the 7.392 million tonnes, 4.017 million tonnes came
Singapore court rejects OW Bunker interpleader application Some 13 owners and charterers lose double payments case
Management reshuffle in China Shipping Haisheng New leaders are to steer the operator away from shipping business
UK maritime bosses call for urgent shake-up of ship register Decline of UK flag fleet undermines country's maritime successes, warn industry leaders
Suezmax rates flatten Two time charters add spice to an otherwise uninspiring week
Sainty Marine chairman resigns as liquidity crisis grows Chinese shipbuilder expects net loss of up to $59.6m for the first half of 2015
OOCL results signal decline on Asia-Europe trade is worse than expected Line's second-quarter revenues were down on all trades by 9%
Germany's 'red shipowner' raided by tax police Peter Krämer under investigation, Hamburg prosecutor confirms
OOCL reports 28% plunge in Asia-Europe revenue as rates collapse Box lines suffer further falls in transpacifc prices to new post-2009 lows
Costamare eyes more orders with York Capital Company will consider anything from large newbuilds to smaller secondhand deal as long as numbers 'make sense'
DHT's new capital allocation policy edges it closer to larger rival New York-listed crude tanker company not content to sit still
Data Hub: Freight Rate Monthly Freight rate woes continue as carriers face battle to redress the supply-demand imbalance
Data Hub: Trade Statistics North American box trades see double-digit growth, but it looks too soon to judge whether US west coast disruption has caused long-term damage to Pacific ports
Capes rally sputters The capesize revival has slowed, but brokers remain positive about final quarter
Sainty Marine to resell four bulkers amid tight liquidity Chinese shipbuilder expects net loss of up to $59.6m for the first half of 2015
SIPG eyes green energy as a business line Building a gas station for LNG-fuelled container tractors will be the first step
Brazilian shipping line Log-In invests in new box fleet A Brazilian-flag niche box ship operator is bucking the trend of most container shipping lines by investing heavily in a new fleet of containers. Shipping lines, for a variety of reasons, are spending far less on their container fleets than in previous years. But Log-In Logistica Intermodal will invest some $5.2...
Saudia terminal to expand as trade with Asia grows After months of speculation about whether PSA International would meet a 2015 deadline would be met, the new Terminal 2 at Dammam Port, Saudi Arabia, opened on time this spring, well positioned to contribute to the promise of the Saudi ports sector. The facility is expected to boost Dammam's position...
CN aims to replicate Prince Rupert model with Mobile Canadian National Railway is working to replicate the success it's had at Canada's Port of Prince Rupert in the warmer waters of Mobile, Alabama. The Port of Mobile, which moved just over 70,000 20-foot-equivalent-unit containers last year, sees very little intermodal container traffic compared to competitors Houston or even New Orleans....
LA-Long Beach looking beyond peak season to greater challenges ahead All sectors of the Southern California transportation community are confident that they will handle the spike in container volume this peak season, but longer-term challenges with big ships, carrier alliances, truck turn times and rail performance remain a concern. Port, terminal operator, truck and rail industry executives who addressed a dinner...
Canada's Dicom expands in US last-mile trucking market Montreal's Dicom Transportation Group is reaching across the U.S. border, acquiring three companies in the U.S. and a Canadian trucking operator involved in cross-border transportation in less than a year as it expands from its roots in Ontario and Quebec. "We're expanding beyond Canada," CEO Scott Dobak said in an interview....
Photo exhibit to highlight Port of Long Beach's history The amazing true story of the Port of Long Beach will come to life in Port Town: A Historical Photo Exhibit, which starts a three-month run at the Historical Society of Long Beach, 4260 Atlantic Ave., with a Bixby Knolls First Fridays event on Friday, Aug. 7 from 6:30 to...
Matson promotes Kenny Gill to Vice President, Alaska HONOLULU, July 24, 2015 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, announced today that Kenny Gill, previously Senior Director of Operations for Horizon Lines' Alaska division, has been promoted to the position of Vice President, Alaska. In his new role, Gill has...
The Traffic Club of Pittsburgh Officers and Board of Governors for 2015-2016 The Traffic Club of Pittsburgh, founded in 1902 in the offices of the Pittsburgh Plate Glass Company, Frick Building, has elected its Officers and Board of Governors to serve during its 114th year, 2015-2016. The following members began serving in the positions indicated effective June 19, 2015: The following were elected to a one-year term...
Ryder to support 2015 Special Olympics World Games MIAMI -Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced that it is a bronze champion sponsor of the Special Olympics World Games, the biennial signature event of Special Olympics, the global movement that unleashes the human spirit through the transformative...
SeaLand refuses all calcium hypochlorite shipments SeaLand has said that it will no longer accept any form of the chemical compound calcium hypochlorite and any shipments currently loaded or awaiting transshipment would be offered alternative solutions. SeaLand did not give a reason for its refusal to transport the chemical, which is typically used to sanitize pools and...
Suit challenges BLT deal Berlian Laju Tanker (BLT) said that seven companies and individuals have filed litigation in Jakarta aimed at nullifying the tanker owner's restructuring plan.
Mercator Lines loss swells Mercator Lines (Singapore) reported a 38.9% jump in quarterly losses as its revenue was chopped nearly in half.
Carnival settles with US The US Justice Department has reached a settlement with Carnival Corp that authorities say will advance disability access on 62 cruiseships and newbuildings.
Sungdong thrown lifeline Management of struggling Sungdong Shipbuilding is to be taken on by Samsung Heavy Industries in a bid to get the company back on course.
Bharati changes direction Bharati Shipyard is looking to focus on defence products and issue convertible warrants hot on the heels of it filing for restructuring.
Costamare confident on contracts Greek boxship owner Costamare is confident of securing contracts and financing for five newbuidings contracted alongside private equity partner York Capital.
New Century in $22m buy New Century Maritime of Hong Kong has added a third cruise vessel to its fleet.
LSC's dramatic day Debt-ridden Lithuanian Shipping Company (LSC) today spent a few hours in bankruptcy before landing last-minute funding to keep operations alive.
MISC cleared in $21.7m claim Singaporean high court finds Malaysian owner not-liable of $21.7m claim over fuel payments.
Pistiolis closing on fresh order Greek shipowner Evangelos Pistiolis is closing in on his second newbuilding order at Hyundai-Vinashin Shipyard in three months.
Jaya gives Izzisen more time Jaya Holdings has extended the exclusivity period of discussion for the disposal of its agricultural parcel and timber business.
Final voyage? We take a look at what was said in the market over the past week.
Hyundai Mipo nets order for gas duo Hyundai Mipo Dockyard has confirmed an order for gas carriers in a week where it has been stacking up deals for products tankers.
Lithuanian Shipping folds Debt-ridden Lithuanian Shipping Company (LSC) has filed for bankruptcy hot on the heels of consecutive ship sales and arrests.
OOCL's top line in retreat Orient Overseas Container Line has seen second quarter revenue slide on the back of a weaker Asia-Europe trade lane.
Carnival to continue China charge Carnival Corp is tipped to more than double its Chinese fleet over the next five years following major additions to its capacity in the region this week.
US blacklists Senat Senat Shipping of Singapore has been blacklisted by the US Treasury Department over allegations it supported Ocean Maritime Management (OMM) of North Korea.
Seacor sneaks profit Seacor Holdings has posted a modest profit for the second quarter.
TS Lines books CSBC deal TS Lines has confirmed a newbuilding deal at China Shipbuilding Corp (CSBC) for up to four vessels.
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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