Union: Callao box ops affected Replacement labour used by APM Terminals (APMT) to fill in for striking dockworkers at Peru's Port of Callao has started to affect container operations, according to the labour union's spokesman. Juan Carlos Vargas, spokesman for the Peruvian dockworkers' union SUTRAMPORPC, disputes APMT's
Viking's Rosella faces inquiry into bow visor incident The maritime unit of Finland's Traffic Safety Administration (Trafi) is to investigate a potential infringement of international maritime rules. According to a report by Finnish state broadcaster YLE, Viking Line's Rosella set sail without its bow visor being properly locked. The ro-pax ferry
German ship evacuated following fire A German-owned multipurpose vessel with a cargo of fertiliser had to be evacuated in the North Sea after a fire broke out in one of its holds, according to the German Central Command for Maritime Emergencies. The 33,772 dwt Purple Beach, which is owned and operated by liner operator MACS on its US
MISC profit up 18.6% Malaysia-listed shipping company MISC has posted a group operating profit of MYR1.8 billion (USD500 million), representing an 18.6% year-on-year increase for the financial year ending in 2014. The company's revenue in 2014 saw an upward trajectory of 3.6% year-on-year to MYR9.3 billion, driven
SeaSafe Marine signs contract with Masterbulk Singapore Wallem Group's lifeboat maintenance service company, SeaSafe Marine, has entered a five-year service supplier agreement with Masterbulk Singapore. The agreement is to provide lifeboat services for Masterbulk's fleet of 20 open-hatch gantry crane vessels, according to a 27 May statement from Wallem.
Tsuneishi to establish repair yard in Indonesia Japanese shipbuilding group Tsuneishi Holdings Inc has said it will invest USD40 million in establishing a ship repair facility in Indonesia. Tsuneishi's president and chairman, Yasuharu Fushimi, cited Indonesian president Joko Widodo's bid to develop his country into a maritime nation as the
Aurora LPG to pay dividend and buy back shares after strong quarter Aurora LPG, the Oslo-listed expanding VLGC owner, has reported a healthy profit for 1Q15 and vows to pay a dividend of USD0.10 per share for the quarter and buy back NOK75 million (USD10 million) worth of its own shares. Group net profit amounted to USD13.9 million in 1Q15 on revenues of USD21.7
Single standard for logistics emissions needed, experts say Delegates at the Smart Freight Leadership seminar in Leipzig, Germany, called for cargo organisations to create a universal, transparent means of calculating logistics emissions across the global supply chain. "Shippers and carriers could then compare and select more fuel-efficient modes and
Guangzhou channel expansion to allow two-way ship travel Guangzhou Port Group has announced plans to invest CNY3 billion (USD484 million) to expand the deepwater channel of the port to meet the demand for two-way transport of large vessels. The expansion project will start from Nansha port area in the north to the deepwater area in the west
New STX O&S boss vows to realise recovery The new CEO of South Korean shipbuilder STX Offshore & Shipbuilding (O&S) has pledged to rehabilitate the company. Lee Byung-mo, who has been elected as the new CEO after STX O&S's former CEO Jung Sung-leep left to take up the reins at Daewoo Shipbuilding & Marine Engineering (DSME), gave his
VLGC rates dip pending June LPG contract prices Very large gas carrier (VLGC) freight rates to ship LPG from the Gulf to Asia Pacific decreased as market players stayed away pending Saudi Aramco's announcement of June LPG contract prices. The Baltic Exchange assessed the benchmark rate at USD111.50/tonne on 26 May, down approximately USD0.19
Court seizes more Sainty Marine assets China's Wuhan Maritime Court has seized more of Shenzhen-listed Sainty Marine's assets upon application by the Bank of Jiangsu. The company's assets worth CNY120 million (USD19 million) had previously been frozen by the court, a stock filing of Sainty Marine stated on 27 May. The Bank of Jiangsu applied for the
Singapore to review block exemption for liner alliances Singapore is seeking public feedback as to whether liner alliances should continue to be exempted from breaches of anti-competition laws. The Competition Commission of Singapore (CCS) plans to extend the block exemption, first granted from 2006 and extended in 2010, for another five years until
CIMC wins US anti-dumping probe Shanghai and Hong Kong-listed China International Marine Containers (CIMC) has won a lawsuit against a US anti-dumping probe into 53-foot containers imported from China. CIMC has announced that US International Trade Commission (USITC) had determined that the import of 53-foot containers from
Greek government urged to unleash maritime hub potential Country has huge potential but needs 'different thinking' to prosper, says Gratsos
Höegh LNG inks 20-year Chile import contract FSRU charter contract expected to earn Höegh about $36m a year
Mediterranean Shipping Co linked to 20,000 teu ship order Brokers report the Geneva-based carrier has booked two megaships at HHI for $155m each, with an option for two more
World Wide Supply forced to lay up two PSVs and cut crew Weak offshore market bites and forces company to lay up vessels
StealthGas urges scrapping for smaller LPG carriers Greek owner increases spending on share buybacks as softer market dents profits
Daily congestion bulletins to cease as LA/LB returns to normal Marine Exchange of Southern California to stop free updates on ships at anchor outside top two US ports
Charter rates reach four-year high amid freight rate implosion Surge in demand for small ships on intra-Asia trades drives charter rally
VLCCs represent best value for money They don't cost much more than a year ago, yet their earning power has soared beyond all recognition
Evergreen and Arkas launch joint intra-Mediterranean loop WEM service will connect the Aegean Sea with both ends of the Mediterranean
Russia starts building second nuclear-powered icebreaker Three new vessels due for delivery between 2017 and 2020 will be used on northern sea route
25 charterers, controlling 20% of seaborne freight, use A-to-G emissions rating scheme to reject ships As cargo owners take more interest in their supply chain footprint, RightShip and Carbon War Room say their controversial efficiency index offers charterers a quick insight into a vessel's potential fuel performance
Box Ships ekes out improved first-quarter result Owner sees more room for optimism as charter rates rise
US-Canada cross-border truck rates rising: Nulogx Canadian trucking costs continue to climb, driven in part by rising cross-border trucking rates, according to the latest data from freight payment auditing firm Nulogx. The Toronto-based company's Canadian General Freight Index rose 2.6 percent in March from February, while its Base Rates Index, which excludes accessorial charges, rose 2.7...
US shippers' forecast freight growth falls to near five-year low U.S. shippers' expectations for freight growth has dropped to its lowest levels in nearly five years, according to a recent survey. The roughly 600 shippers surveyed by Wolfe Research earlier this year say they expect same-store shipments to drop on average 2.2 percent over the next 12 months. It's a far...
Construction begins on second LNG-fueled ship for Crowley Construction has begun on the second of two liquefied natural gas-fueled ships that Crowley Maritime Corp. has ordered for the U.S. mainland-Puerto Rico trade. The combination container/roll-on, roll-off ships are being built in Pascagoula, Mississippi, by VT Halter Marine, a subsidiary of VT Systems. The ships will carry up to 2,400...
Mideast ports investing billions on capacity as volumes escalate Gulf states in the Middle East are expanding capacity and investing billions of dollars in their ports to accommodate booming traffic in the Asia-Europe trade lane. Projects in Oman, Qatar, the United Arab Emirates and Saudi Arabia are prepared to add an additional 17 million 20-foot-equivalent units per annum to their...
Union official disputes claim of minimal strike impact at Callao Replacement labor used by APM Terminals to fill in for striking dockworkers at Peru's Port of Callao has started to affect container operations, according to the labor union's spokesman. Juan Carlos Vargas, spokesman for the Peruvian dockworkers' union SUTRAMPORPC, disputes APMT's assertion that the strike, now entering its third week, has...
BASF awards Southeastern Freight Lines Supplier of the Year LTL award LEXINGTON, S.C. (May 27, 2015) Southeastern Freight Lines, the leading provider of regional less-than-truckload (LTL) transportation services, today announced it received the "Supplier of the Year Less Than Truckload Award" from BASF, the largest chemical company in the world. This is the third time in the last five years that Southeastern has...
After expanding in Europe, Asia, Dachser targets US growth Dachser, the German logistics provider, is poised to expand its relatively small share of the U.S. air and ocean freight business. With U.S. air and sea revenue already growing at double-digit rates, it plans to grow by leveraging its fully developed European network and its expansion in Asia, India and Latin...
Trans-Atlantic ship schedule reliability hits three-year low Container ship schedule reliability on the growing trans-Atlantic route during April was the lowest in at least three years, according to SeaIntel Maritime Analysis. Only 42 percent of ships in the trade arrived within one day of their scheduled calls during the month, according to SeaIntel Maritime Analysis. That figure compared...
Shreyas Shipping and Logistics returns to FY profitability Shreyas Shipping and Logistics swung to a net profit of Rs. 61.75 crore (about $9.6 million) in the fiscal year ended March 31, a big turnaround from its loss of Rs. 4.32 crore ($675,000) in the previous year, as the Mumbai-based multimodal logistics and shipping firm significantly expanded its feeder...
Box Ships posts smaller 1Q loss on rise in charter rates LONDON - Rising charter rates helped Greek container shipowner Box Ships narrow its first-quarter loss close to break even. The NYSE-listed company's net loss fell to $285,000 from $1.5 million in the first three months of 2014 even as time-charter revenue slipped to $11.6 million from $14.5 million as three ships...
Yusen Logistics certified halal-compliant in Malaysia TASCO Berhad, a Yusen Logistics subsidiary in Malaysia, has acquired halal certification, issued on April 16 by the Malaysian government's certification organization, the Department of Islamic Development Malaysia (JAKIM). The two certifications, "MS2400-1", required for transportation, and "MS2400-2", required for warehousing, were acquired simultaneously - a first for a Japanese logistics company....
Vessel carrying containerized fertilizer catches fire A German-owned multipurpose vessel with a cargo of containerized fertilizer was evacuated Tuesday night in the North Sea after a fire broke out in one of its holds, according to the German Central Command for Maritime Emergencies. The 33,772 dwt Purple Beach, which is owned and operated by liner operator MACS...
Service contracts coming in well below trans-Pacific carrier targets The results of the 2015-2016 trans-Pacific contracting season are mostly in, and although carriers dug in their heels to get rate increases, for the most part they fell short of getting what they wanted. Several beneficial cargo owners say rates on both legs of the trade between North Asia and the...
How US importers can cut out the middlemen to save money I was recently in my beloved New Orleans with clients-dressed to the nines and looking as good as a full figured, balding, middle-aged economist can-when our waiter asked what wine we had chosen for dinner. I looked over the list of very impressive bottles, and then scanned the prices that...
Baltimore's container volume dips after record March Container traffic through the Port of Baltimore in April fell 8.8 percent year-over-year after a record March, Maryland Port Administration statistics show. Click to EnlargeThe port's public terminals handled 58,864 20-foot-equivalent units, compared with 64,527 TEUs in April 2014. Loaded containers declined to 46,084 TEUs from 52,900 a year earlier. Baltimore's April...
Two-way channel investment at Guangzhou port Guangzhou Port Group has announced plans to invest $484 million to expand the deepwater channel of the rapidly growing port to meet the demand for two-way transport of large vessels.The expansion project will start from Nansha port area in the north to the deepwater area in the west of Aizhou...
KNOT unties dropdown KNOT Offshore Partners struck a deal to buy a shuttle tanker from parent Knutsen NYK Offshore Tankers (KNOT).
BLT takes 'milestone' step Several affiliates of BLT Chembulk Group have launched pre-packaged insolvency proceedings as part of parent Berlian Laju Tanker (BLT)'s deal to hand over most of its ships to a new private equity-controlled company, a top executive said.
Princess finds work Eidesvik Offshore has secured long-term employment for one platform supply vessel (PSV).
Perri returns to roots Robert Perri will lead the effort of an investment banking firm to build up its presence in the shipping world.
Charterers tighten up Charterers that ship 20% of global cargoes are now avoiding the most inefficient ships, according to the Carbon War Room (CWR).
Condor crew cleared The crew of a £50m ($75m) Condor Ferries vessel has been exonerated of any blame for a dock collision in high winds in March.
Crude export plan blocked India's petroleum ministry has rejected a proposal from Cairn India to export crude from its Barmer block in Rajasthan.
Octopus deal sparks Hoegh Hoegh LNG was on the rise today after it inked a lucrative FSRU contract.
WWS loses more Amsterdam-based World Wide Supply has lost $1m more during the first quarter despite revenue jumping.
Two die in sinking Two crew have been killed after a tug sank off South Korea.
MBC slumps in Q1 Malaysian Bulk Carriers (MBC) has seen red in its first quarter bottom line amid depressed dry bulk rates.
Latvian docks eight Latvian Shipping is sending half its fleet to drydock as it launches its biggest-ever upgrade project.
Cargoship hit by fire The crew of a German multipurpose (MPP) has been evacuated after a fire broke out on board.
Nordic into the black Denmark's Nordic Shipholding has benefited from better rates for its products tankers to turn around a loss in the first quarter of 2015.
Wartsila equips boxships Wartsila has won an order for its ballast water management systems for three boxships currently being built for a European owner.
Bulker breaks down A bulker that left a Canadian port after a two-and-a-half-year legal dispute has suffered an engine breakdown after covering only 200km of its journey to Dubai.
Oceanteam turns red Oceanteam Shipping has posted a moderate loss for the first quarter of the year as revenue declined.
Mixing oil and water New Zealand's Interislander ferry Arahura is to test a new potentially cheaper fuel system involving watering down diesel.
Yard worker dies A labourer has been killed in a fall from a ship at a yard in Bangladesh.
Crewman search criticised Australian union officials say more should have been done to search for a Korean seafarer who fell from an SK Shipping bulker.
HLNG seals Chile gig Hoegh LNG Holdings has secured a long-term charter to supply an LNG FSRU for deployment in Chile.
Maersk Broker bounces back Maersk Broker has reported a much healthier performance for last year compared to 2013, new figures show.
Statoil opts for EnvironHull Statoil has picked GAC's EnvironHull system for its vessels operating in Scandinavia, the Middle East and the Far East.
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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