Spending scheme threatens Savannah A proposal that could drastically increase costs for harbour pilots at the Port of Savannah could also compromise growth at the port, a lawmaker has warned. During a 25 June congressional floor debate on a 2016 federal spending bill, Buddy Carter, a US congressman from Georgia, explained that the
June container spot rates dive 18% Container spot rates have dived by 18% in June on the previous month and operators should not count too much on the forthcoming high season in the sector to turn the picture prettier, a senior shipping analyst said. "Spot rates have so far in June fallen by 18% from May and thereby they have
Boskalis wins EUR75 million African dredging contracts Dutch dredging giant Royal Boskalis Westminster is to undertake dredging projects in Angola, Gabon and Senegal jointly worth EUR75 million (USD84 million). Angola LNG has awarded Boskalis a contract to maintain the access channel and turning basins of Soyo LNG port. "Boskalis executed the initial
Royal HaskoningDHV and Setec win EUR80 million Seine-Nord Europe Canal contract French waterways authority Voies Navigable de France (VNF) has awarded a 12-year contract to a joint venture between engineering and consulting companies Royal HaskoningDHV and Setec Group to manage construction of the Seine-Nord Europe Canal. Austrian waterway specialist Via Donau will act as a
Tasco Amata ship manager denies underpaying crew The fleet manager for the Thai-flagged tanker Tasco Amata detained in Melbourne on 11 May has hit back at claims made by the International Transport Workers' Federation (ITF) Australia that the crew were underpaid. Speaking with IHS Maritime, Bangkok Tipco Maritime Company fleet manager Kornnarong
Seoul to integrate shipping and port information South Korea's Ministry of Oceans and Fisheries (MOF) plans to construct an integrated system of information on shipping, port, and logistics. This aims to solve inconvenience caused by the existing seven individual information systems, which are being operated separately. The seven systems have
Dry bulk rate recovery positive for asset values Recent recovery in dry bulk freight rates may not be sustainable, but it is good for asset values, say Kurt Waldeland and Erik Nikolai Stavseth, shipping analysts at Arctic in Oslo. The Capesize market has 'roared' back to life with spot rates quoted at USD9,500/day - up 120% since the start of
CSBC to receive orders worth $485m from TS Lines, Evergreen China Shipbuilding Corporation (CSBC), the only listed shipbuilder in Taiwan, expects to receive orders for 10 3,000 teu container ships and four 1,800 teu container ships from TS Lines and Evergreen, respectively, in July. The orders value a total of TWD15 billion (USD485 million), said CSBC
Veder to order ice class LNG carrier for Gasum contract Gasum, the Finnish energy group and Anthony Veder, the Dutch shipping company, have signed an agreement for a long-term time charter of an ice Class 1A Super LNG carrier newbuilding. "The 18,000 cbm vessel will be built at German shipyard Neptun Werft and delivered in the last quarter of 2017,"
DS Torm expects to complete restructuring about mid-July DS Torm, the listed Danish product tanker and dry bulk shipping company, says it expects to complete restructuring of its business around mid-July following lender approval of a legal part of it, the company said in a statement. "As part of the implementation of the new Restructuring Agreement,
DS Norden significantly raises 2015 operating result forecast DS Norden, the listed Danish dry bulk and product tanker company, has significantly raised its 2015 operating result forecast on improved freight rates. The group now expects operating EBIT result for 2015 of USD50 million to USD90 million against previously expected negative by USD40 million to
Battle lines drawn on the Australian coast Hostilities on the Australian coast have intensified this week, with the introduction of a bill to Parliament on 25 June. The new bill is introduced to deregulate coastal shipping, to call on a senate inquiry into Flag of Convenience (FoC) shipping, and to hold an inquest of three seafarers' deaths
Tanjung Offshore non-independent director files report with Securities Commission Tanjung Offshore non-independent director Tan Kean Soon has lodged a report with the Securities Commission (SC) Malaysia on irregularities conducted by certain officials in the company. He said the Malaysian Anti-Corruption Commission (MACC) had also been informed of the alleged improprieties.
Malaysia narrows down identity of hijacking mastermind Malaysian maritime authorities claim to have narrowed down the identity of the person who planned the hijacking of locally flagged tanker Orkim Harmony. Orkim Harmony, carrying 6,000 tonnes of unleaded petrol, went missing on 11 June while en route from Malacca to Kuantan. On 17 June, the Vietnam
Small-, mid-sized bulkers could get longer-term support Bulkers in the range of 20,000-64,999 dwt may have a tough time this year due to a global drop in commodities demand and over-tonnage, but growing shipments of steel products and agribulk cargoes could provide longer-term support, said Banchero Costa. The Baltic Supramax and Handysize timecharter
Mercator acquires two additional dredgers Shipping company Mercator has acquired two more dredgers to expand its dredging business, according to its filing to the Singapore Exchange (SGX) on 25 June. One of the vessels is a trailer suction hopper dredger, while the second vessel is classified as a bucket ladder dredger. Both dredgers are
Jinhai Heavy Industry to deliver 8,800 teu box ships, jackup by 2015 Jinhai Heavy Industry (JHI), a shipyard affiliated with China's HNA Group, expects to deliver its first 8,800 teu container ship newbuilds and a jackup offshore construction vessel within 2015, a statement of the yard said on 25 June. The box ships' owner is SinOceanic Shipping, according to IHS
China, India increase palm oil imports Shipbrokers told IHS Maritime that they have been fixing more palm oil cargoes to China and India ahead of the Mid-Autumn Festival on 27 September and Ramadan on 17 July. In addition, charterers have been hurrying to ship Indonesian palm oil out before the world's biggest palm oil producer imposes
Port of Qingdao and Svitzer eye towage joint ventures Maersk unit and port operator sign pact to enhance co-operation at home and abroad
The fear of what happens next A recent flurry of tanker sale and purchase activity has spooked some as they consider the soft pricing implications and what this means both short and long term
They go to the wall in the end, warns suezmax boss Nordic chief Herbjorn Hansson plans to stay resolutely calm in the face of the tanker freight market boom
Asia-Europe rates jump to nearly $600 Rates rot finally over as carriers succeed with GRIs on both the Asia-north Europe and Asia-Mediterranean trades
Capesize rates highest since December Tight vessel supply in South Atlantic pushes BCI to another fresh high for 2015
Charleston wins dredging approval US east coast port will be able to handle post-panamax vessels at all states of tide
Daniel R. Elliott III sworn in as Chair of Surface Transportation Board Daniel R. Elliott III was sworn in June 26, 2015, as the Board's Chairman, pledging to continue to promote transparency and to improve and streamline regulation of the Nation's freight railroads.He was nominated to the Board by President Barack Obama on January 13, 2015 for a four year term expiring Dec. 31, 2018. He was...
Truckload rates could jump 25 percent in three years, says freight payment exec U.S shippers and third-party logistics providers could see truckload rates increase by as much as 25 percent over the next two to three years, according to one of the heads of the largest privately held freight payment company in the U.S. "We've had for many years a sea of relative calm....
Resumption of CMA CGM TBL service to Bujumbura, Burundi CMA CGM informs its customers that the situation in Burundi now allows the resumption of its TBL service to this country. CMA CGM can offer a road service to Bujumbura (Burundi) via the port of Dar-Es-Salaam (Tanzania) in around 19 days....
CEVA signs logistics deal for Azerbaijan - Europe gas pipeline Istanbul CEVA Logistics, one of the world's leading supply chain management companies, today announced it has signed a deal with TANAP (Trans Anatolian Natural Gas Project) to manage the logistics operations for the movement of giant pipes. TANAP aims to transport 16 billion cubic meters of natural gas from the Caspian...
Port Everglades gets federal go-ahead to deepen harbor Port EvergladesPort Everglades has received federal approval for a $374 million deepening project that will allow it handle larger container ships. The long-delayed go-ahead from the U.S. Army Corps of Engineers comes as the port experiences a double-digit drop in traffic and it faces fierce competition from other Florida ports. The port...
Survey finds US truckers 'optimistic,' planning to add jobs, trucks Trucking executives plan to invest more capital in trucks and to hire more workers over the next 12 months, a sign of their confidence in the economy and freight demand, a second quarter survey shows. However, they remain concerned about the impact of regulation on productivity. Executives at mid-market trucking companies...
Growing Barcelona port expands hinterland reach Spurred by growing container volumes, terminal operator Hutchison Port Holdings' Barcelona subsidiary has expanded the port's hinterland connectivity. Despite well-publicized economic struggles in Spain, through May, containerized traffic at the port grew 6.4 percent on a year-over-year basis, according to the Port of Barcelona. HPH's subsidiary, Barcelona Europe South Terminal, took a...
BNSF exec warns of congestion coming to East Coast WASHINGTON - The same congestion that snarled U.S. Pacific Coast ports earlier this year is headed for ports on the East Coast, a BNSF Railway executive warned earlier this week. "Port congestion, many have said, is not over," Dean Wise, BNSF vice president of network strategy said Tuesday at the Council...
ILA-USMX labor negotiations timeline The International Longshoremen's Association and its East and Gulf Coast employers are exploring a long-term contract extension. Here's a look back at the bargaining that led to their current six-year agreement....
2500th Volvo FH truck delivered for Girteka Logistic Girteka Logistics has taken first deliveries from recent order of forty new Volvo FH tractor units in Vilnius. New delivery marks the 2500th Volvo truck delivered to Girteka Logistics since 2007 from Volvo Trucks. The investment decision in Volvo fleet was based with safety and fuel efficiency at the top...
Crane Worldwide Logistics names Adel Chaveleh as new CIO Houston - Crane Worldwide Logistics, a full-service air, ocean, trucking, customs brokerage and logistics company, recently named veteran technology executive, Adel Chaveleh as its CIO. Chaveleh will be tasked with driving a transformation of how Crane Worldwide Logistics uses technology both externally and internally. Chaveleh has more than 17 years of technology design...
RILA welcomes introduction of port metrics bill Arlington - In a letter sent Wednesday, the Retail Industry Leaders Association (RILA) applauded Senate Commerce, Science, and Transportation Committee Chairman John Thune (R-SD) for introducing legislation that would institute universal port performance standards and a formalized reporting structure for capturing data on true operational capacities of U.S. ports. "Retailers' supply...
Bigger ships have fewer ports of refuge As ships grow larger, so does the challenge of finding a port of refuge where they can secure salvage assistance during emergencies. "Ships are getting larger. The larger vessels mean that fewer ports can accommodate [them] and serve as refuges," said Hugh Shaw, the UK secretary of state's representative for maritime...
West Coast ag shippers demand reliability from ILWU, employers SAN FRANCISCO - Exporters of agriculture and forest products who diverted shipments from West Coast ports earlier this year because of labor disruptions and congestion are once again shipping most of their cargo through the West Coast. But in order to remain loyal shippers, they demand that the Pacific Maritime Association and...
Rio de Janeiro port hopes rise on channel dredging, terminal expansion When Brazilian President Dilma Rousseff took the stage at the port of Rio de Janeiro in March, a banner behind her read Porto do Futuro ('Port of the Future'). In reality, Rio is lagging. Despite serving as the gateway to Brazil's second largest metropolis, it ranks ninth in container throughput among...
Northeast UK ports eye container gains as southern land prices, congestion rise Soaring land prices and road congestion in southeast England could spur more shippers, particularly trading with mainland Europe, to move containers through the country's northeast ports. Humber Ports, which represents a dozen ports along the River Humber estuary region, said the average price for industrial space along its banks is 34...
Charter rates for sub-Panamax container ships start falling Fixing in the container vessel charter market is turning patchier as summer draws near, with hire rates for ships with capacities of 2,500-3,000 twenty-foot equivalent units declining in particular. Rates for gearless 2,700-2,800 TEU ships, which remain popular for the growing intra-Asia trade, continued to erode last week when reports...
Shipping Corporation of India begins Kattupalli call Shipping Company of India's Lal Bahadur Shastri makes its first call at Kattupalli International Container Terminal Kattupalli International Container Terminal, an emerging alternative gateway on India's southeastern coast, last week celebrated the first ship call of the SCI Middle East India Liner Express, or SMILE, an intra-regional service by state-owned carrier Shipping...
Asia-Europe rates strengthen ahead of July GRIs HONG KONG - Spot rates on the Asia-Europe and Asia-Mediterranean trades more than doubled in anticipation of general rate increases to be imposed next week and as carriers continued to withdraw sailings in a bit to cut back chronic overcapacity. The market rate from Shanghai to Rotterdam increased by $343 to...
Busan looks to transshipment as Korean economy falters Transshipment cargo will help the Busan Port Authority meet its 20 million TEU target in 2015.HONG KONG - Growing international transshipment numbers is key to Busan enhancing its position as the hub of Northeast Asia as a weak South Korean economy limits demand for imports and exports.With a strengthening currency...
Hutchison's Barcelona terminal expands inland reach Hutchison Port Holdings' Barcelona subsidiary has further expanded its hinterland reach with the acquisition of a 20 percent stake in an inland terminal company in Zaragoza that will join a depot in Pamplona that HPH bought into in 2012.Barcelona Europe South Terminal (BEST) acquired the interest in Depot tmZ Services...
Another for Navibulgar Bulgaria's Navibulgar has snapped up its second Cosco-chartered bulker in two months as its fleet expansion continues.
Rieber lands $226m GC Rieber Shipping has refinanced existing loans for more than half of its fleet, securing savings of around $1m.
'Seize every opportunity' New Norden chief executive Jan Rindbo says the company will "seize every opportunity it can" under his tenure.
Far from break-even Owners are still considering laying up platform supply vessels (PSVs) as North Sea spot rates continue to struggle.
DNB boosts crude view DNB Markets has raised its VLCC and suezmax rate expectations and suggested consensus earnings forecasts for tanker owners are set to be rewritten.
Vyborg weaker in first Russia's Vyborg Shipyard has posted a bigger loss in the first quarter as revenue fell.
Yasa: 'No suezmax sale' Yasa of Turkey has dismissed speculation that it is exiting the suezmax market with the sale of four vessels to a US owner.
A decade in the dumps We take a look at what was said in the markets over the past week.
Smoke seen from cargoship A general cargoship had to return to the port of Aberdeen after smoke was seen coming out of its cargo hold last night.
Justice in a box Australia's supreme court could sit in shipping containers until a new building is ready.
Havila charters to Premier Havila Shipping has found long-term employment for its only platform supply vessel (PSV) that was not under a contract.
Sea Weasel under hammer A former Deep Sea Supply anchor-handler under arrest in Singapore after a charter dispute is to be auctioned next month.
Lorenzo at 10-year high Philippines containership owner Lorenzo Shipping Corporation (LSC) has posted its best revenue for 10 years as profit rose in 2014.
Seafarer injured on tanker India's coast guard has evacuated a crewman injured on a domestic tanker off Mumbai.
VLCCs 'strongly undervalued' UBS believes a run of modern VLCC sales at surprisingly low prices has the market spooked.
Petrobras eyes big sale Scandal-hit Brazilian oil group Petrobras is lining up a big fleet clear-out to raise cash.
Taxi! No, sorry: ferry! On-demand taxi service Uber has started a ferry service to shake up Istanbul's passengership market.
AKPS poaches Vard CFO Jan Ivar Nielsen returning to US shipbuilder to replace Jeffrey Theisen.
Veder bags Gasum job Anthony Veder has scooped a long-term time-charter from Finnish gas company Gasum to back an ice-class small-scale LNG carrier newbuilding that will serve two new Finnish import terminals.
Yinson plans placement Yinson Holdings looks set to raise MYR 300m ($80m) from a proposed share placement in an effort to cut debt.
Archard Hamburg bound SAL Heavy Lift has named Justin Archard as its new corporate director of commercial operations effective 1 September.
Harvey expands into yards Deals position US group as America's only builder, owner and operator of dual-fuel OSVs.
Great Amity grounds Argentina's Parana River has suffered its second vessel grounding in as many days, TradeWinds has learnt.
Bunker tanker arrested A small modern product tanker has been arrested in Singapore, according to court documents seen by TradeWinds.
FreeSeas in reverse split FreeSeas is carrying out a reverse split of its Nasdaq-listed shares.
New company builds offshore presence in European market UK-based outfit counts successful first year.
Investors ready to launch OW Bunker claims exceeding $120 million Legal proceedings being initiated against OW, its management and relevant Altor entities, more may follow.
'Tankers are making serious money' Surge in tanker rates could signal pressure on crude oil prices.
No let up in OW legal cases More 'interpleader' cases emerge in US courts.
Vietnam: Temporary halt in Petrolimex bunkering ops Slight 'hiccup' with taxation system, source tells Bunkerworld.
Port Fourchon: LNG bunkering facility to start operations Harvey Gulf starts shipyard subsidiary to manage newbuilding assets.
Supplier expands marine Mauritius operations Total Marine Fuels has begun importing fuel oil.
Singapore-flagged bunker tanker arrested Vessel detained in port on Tuesday, says court document.
LR: Gibraltar report 'did not address LNG bunkering' Commercial entity behind LR report revealed.
Supplier expands marine fuel operations at Mauritius Total Marine Fuels starts importing cargoes, Global Sales & Development Director tells Bunkerworld.
NASSCO begins construction on second 'ECO' tanker Vessel equipped with dual fuel engine, capable of using LNG as fuel.
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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