|MARCH 4, 2016|
- US Coast Guard has no overweight box penalties, but can stop loading
- Hapag-Lloyd levies Far East-Mideast US$200 rate hike April 15
- Hapag-Lloyd changes its weekly Central China India Service rotation
- Alphaliner outlines the ups and downs of world's top ports in 2015
- CP mulls legal action to stop US anti-competitive railway action
- MSC, Iran Ports & Maritime Organisation to expand cooperation in shipping
- Dubai's Sima Marine launches coastal shipping service from Kochi in India
- DP World signs contracts for huge fourth terminal at Jebel Ali
- CMA CGM to levy US$200/TEU Europe-Caribbean rate hike from April 1
- SeaLand's low sulphur surcharge April 1 for North America, Caribbean
- XPO harbour truckers join strike against Pacific 9 in LA and Long Beach
- NYK adds 14,000-TEUer for deployment on Asia-Europe trades
- WFS buys Consolidated Aviation Services in sector's raging multi-mergers
- Punjabi farmers have lots to sell but no cargo flights fly it to Europe
- IATA focuses on cargo data exchange upgrade at Berlin cargo conference
- Lack of container use makes it hard for air cargo to rival sea freight
- Dachser USA Air & Sea Logistics is in expansion mode
|MARCH 3, 2016|
- COSCON will have larger capacity, more services & broader business scope post-integration
- IRClass makes further inroads in Singapore & South-East Asia
- SCI's Worldwide Agents' Meet 2016 focusing on improving market share, developing existing business portfolios & evaluating agency performance
- Tiger Logistics successfully holds annual all-India managers' conclave
- UASC's IMEX service aims at providing optimal coverage
- Cashew exports continue to decline in current fiscal
- Cement industry facing cheap imports from Pakistan, China
- National Waterway-1 being developed with multimodal terminals
- Sri Lanka Ports Authority keen to facilitate Myanmar transhipments thru' Colombo port
- DICT committed to a safe work place
- Budget 2016 reflects promising infrastructure & investment push: C. Sasidhar, Managing Director, Krishnapatnam Port Co. Ltd
- Natural rubber imports surge 21 pc production falls 3.4 pc in Jan.
- A comprehensive deliberation on the key issues & the way ahead
|MARCH 4, 2016|
- A new generation
- Germany to Romania in 28 hours
- Airfreight boss feels lure of the sea
- Takeover time in Canada
- Shipping special Siemens components to Turkey
- Switzerland: BLS defies strong franc
- Modern Logistics receives maiden aircraft
- Investment in tyre logistics specialist
- Bright Flight bases AN-26F in Paderborn
- Singh to spearhead European expansion
- Iran resumes links to northern range ports
- Seaport to hinterland traffic sets new record
- Rhenus expanding in Ruhr region
- ACS expands into sixth continent
- Airbus with an eastern touch
- Congo to modernize road network
- Agency agreement signed in Oslo
- JAL uplifting women in transport arena
|MARCH 3, 2016|
- AVEVA announces the global launch of AVEVA Engage, revolutionising collaborative decision making across Capital Projects and Operations
Cambridge, UK - 3 March 2016: Already a big draw at major industry events during 2015, AVEVA today announced the commercial availability of its showcase decision support system, AVEVA EngageTM. As visitors to AVEVA's World Summit in Dubai in October, and members of the Early Access Programme...
- PD PORTS expands commercial team to support continued business growth
Michael has been appointed as Business Development Manager to help develop supply chain solutions which add value for customers importing and exporting dry bulk cargo. With more than 15 years' experience in the construction industry, Michael joins PD Ports from Hope Construction Materials, where...
- Centrale Nantes and Bureau Veritas create international research Chair for the ship of the future in partnership with HydrOcean and Nextflow Software
The École Centrale de Nantes (ECN), one of France's top engineering universities, and leading classification society Bureau Veritas have joined forces to create a new International Chair in research on Hydrodynamics and Marine Structures. The aim is to improve the safety and performance of vessels of the future. The ambitious...
- Radio Holland delivers NavCom and VSAT on four special newbuild vessels
Radio Holland was awarded contracts to deliver and install the complete NavCom and VSAT packages for four newbuild vessels: two of the Meriaura Group and two of Eureka, part of SMT Shipping, all built at Royal Bodewes (Hoogezand, The Netherlands). "We have completed many successful projects with Radio Holland and...
- LCM Systems Release New SOLAS Compliant Container Weighing System
In response to the new SOLAS regulations due to come into force on the 1st July 2016, LCM Systems is pleased to announce the launch of a cost effective, fully SOLAS compliant container weighing system. The company has been supplying container weighing systems for around 5 years with over 40...
- Bulk Invest files for bankruptcy
The depressed dry bulk market has claimed its first victim in Norway, as Oslo-listed Bulk Invest, until recently the ship owning unit in the Western Bulk group, has filed for bankruptcy after attempts to restructure its...
- Indian port expansion to cost USD14 billion
India's massive port driven development plan under what the government terms as its "ambitious" Sagarmala Programme will involve a total of 150 projects that will entail a whopping investment of Rs4 trillion (USD60 billion) over the next ten years. Out of this huge outlay Rs1 trillion (USD14 billion) will be earmarkedfor...
- Seago brings APM back to Liverpool after a decade
Seago Line, the intra-European container shipping unit in AP Møller-Mærsk (APM) group, is to start a service between Algeciras, Dublin, and Liverpool. This will mark APM's return to the UK port of Liverpool after more than a decade. The feeder service, which will start next month, will use the new...
- APM Terminals Buenos Aires Wins Safety Award
APM Terminals Buenos Aires, operator of the Terminal 4 facility in Argentina's primary port, was named winner of the first annual "Innovation in Safety Award", bestowed by ICHCA International, an independent organization dedicated to improving the safety, productivity and efficiency of cargo handling and transportation, at the annual ICHCA conference,...
- UK ports to reduction in rate of light dues
Transport Minister Robert Goodwill has announced a reduction in the rate of light dues, the contributions paid by the shipping industry for the upkeep of navigation aids such as lighthouses, buoys and beacons around the UK and Irish coastline.
- Phase 1 of Frederikshavn's port expansion gets underway
By the physical start-up, we've now reached a much-anticipated milestone. Practically every single day, we're met with questions about the development of the project; and it has been difficult to explain the work going on behind scenes to the public. To...
- Iskes' new ASD 2411 Venus up and running after delivery
Iskes Towage & Salvage took delivery of a new Damen ASD 2411 in November 2015. In its first 100 days, the tug has been performing vessel assistance duties in the locks and canals around the Dutch Ports of Amsterdam and IJmuiden. Three months after delivery of...
- BIMCO urges shipowner caution on West Africa piracy-reporting centre
Concerns about a security breach at the Maritime Trade Information Sharing Centre-Gulf of Guinea (MTISC-GoG) based in Ghana, have led to an official warning from shipowner association BIMCO. This concern has also been blamed for significant...
- Gothenburg to build terminal, use not yet decided
The Port of Gothenburg in Sweden is set to expand with the construction of a new terminal at the outer port area, which marks the first time Scandinavia's largest port has been significantly expanded since the 1970s. "The terminal will be built using dredging spoils and is expected...
- HK-based Brightoil posts deep loss for 2H15
Hong Kong-listed Brightoil Petroleum recorded a HKD523 million (USD67 million) loss for the six months to 31 December, compared with a profit of HKD561 million for the same period of 2014. The loss was attributed to the voluntary impairment of the Caofeidian oilfields, which is non-cash in nature, the company said...
- BLPL Singapore to expand liner services
Intra-Asia liner operator BLPL Singapore plans to expand its services this year by chartering in more vessels. Part of Transworld Group Singapore, which was founded by Indian-born Mahesh Sivaswamy, BLPL Singapore operated as a non-vessel owning common...
- HMM considers tanker unit sale
Hyundai Merchant Marine said today that it is looking at putting its oil and product tanker business up for sale as part of further asset sales to raise liquidity. The company has just one VLCC, Hyundai Sun, in its name after selling...
- Product tankers boost DS Norden amid dry bulk woes
DS Norden, the listed Danish dry bulk and product tanker shipping company, had its best ever year in product tankers. However, this was outweighed by continuing hard times for its much larger dry bulk shipping. Overall, the company was able to reduce its 2015...
- IRClass steps up training on dredging works
Indian Register of Shipping (IRClass) is stepping up training to address India's shortage of trained dredging personnel as demand for capital dredging works booms across the country. Capital dredging projects are primarily for port...
- Wisdom Marine profit up 19% in 2015
Taipei-listed bulk carrier Wisdom Marine posted a TWD2.25 billion (USD70 million) profit in 2015, surging 19.09% compared with the previous year, stated the company in its fiscal report. The carrier recorded a revenue of TWD11 billion, up 16% year on year, and its earnings per share stood at TWD4.53. The carrier is...
- Tipping point for dry bulk layup decision is near
The economics of placing bulkers into cold layup is still borderline due to high reactivation costs, keeping too much tonnage in the market, but if variables move just a little bit further south, the financial argument for layups is much clearer. Star Bulk CEO...
|MARCH 3, 2016|
- Next round of 'musical chairs' among container shipping alliances 'will be revealed next month'
- Hi-tech newcomer shakes up the adhoc freight sector by cutting 30% off logistics costs
- No going back now on new container weighing regulations, says IMO
- Pirates targeting ship cargo via online hacking
- Alaska goes all-in on price, while US carriers fight for Havana rights
- Target ramps up annual spend on hi-tech logistics to $2.5bn
|MARCH 3, 2016|
- Fincantieri Bay Shipbuilding books ATB order
- Disney to order two more cruise ships at Meyer Werft
- HHI produces 10,000th HiMSEN engine
- Tidewater gets OK to try to collect part of Venezuela award
- GE gas turbine to power versatile patrol ship's hybrid drive
- New Wartsila agreements give performance guarantee
- DNV GL offers "Scrubber Ready" notation
|MARCH 3, 2016|
- Port of Bellingham supporting four Whatcom County projects
- Alaska Airlines seeks approval for Los Angeles to Havana flights
- Rail association releases weekly, monthly traffic totals
- Foss Maritime receives honor for safe operations at Terminal 5
- DOT calling for applications for university transport program
|MARCH 3, 2016|
- Furious WSC demands answers from USCG over box weighing policy reversal
Ocean carrier group writes directly to head of the Coast Guard in a bid to clarify confusing claims over role of IMO and legitimacy of Solas
- China Cosco eyes interim membership of two alliances
FMC asked if newly-merged carrier could remain in both the Ocean Three and CKYHE groups during integration
- CMA CGM to deploy six 18,000 teu ships on Pacific after successful trials
French line challenging consensus view that ULCs too large to create efficiencies on shorter ocean voyages
- USCG position on container weighing remains unclear
FAQ offers little direction for US shippers
- Pier 400 on track to raise cranes as ULCs enter transpacific trades
Update: The Los Angeles terminal expects to retrofit 10 cranes eventually but will phase in its investment programme
- Diana says dry bulk recession should be shorter than in 1980s
Greece-based owner has appetite for more acquisitions but survival is top priority
- D'Amico product tankers rake in $54.5m profit
First three quarters of 2015 were particularly strong for Italian product tanker company
- Pyxis Tankers returns to the black
Product tanker owner sees encouraging MR demand later this year
- BP extends Azerbaijan offshore vessel contracts
Ships will be supplied over a five-year period
- India to reboot Sagarmala marine initiative
Move to attract foreign investors ahead of major maritime conference
- Fincantieri partners Chinese yard to develop cruiseship repair and conversion
Italian firm to contribute technical expertise while Huarun Dadong will provide modern ship repair and refitting facilities
- Brazil to auction six sites for private terminal developments
Lease tenders scheduled to start on March 31
- Six groups express interest in acquiring Hyundai Securities stake
HMM owns 22.4% of the Hyundai Securities stake up for sale
- Tokyo Gas inks pact with Mitsubishi Corp unit to ship LNG from US
LNG sale and purchase contract to be for 19-year period starting 2020
- Berlian Laju Tanker requests time extension to prepare 2015 financial results
Owner expects to be able to announce its financial statements by March 31
- Potential HMM default looms big on Danaos, Capital Partners and Navios Partners
Substantial counterparty risk from lucrative HMM charters
|MARCH 3, 2016|
- Irrational market adds complexity to contract negotiation strategy
- FedEx joins UPS in opposing potential CP-NS merger
- CMA CGM's mega-ship plans send West Coast ports scrambling
- US Coast Guard urged to clarify SOLAS position after apparent flip-flop
- CP asks US to vet proposed NS merger before shareholder meeting
- US truckers: Container lines retain too much control over chassis
- IMO urges global supply chain to communicate over SOLAS rule
- Russia to freeze controversial road tariff hike
- CMA CGM to deploy six 18,000-TEU ships from Asia to West Coast
- Port of Charleston prepares for growth in reefer cargo
- Hapag-Lloyd seeks more oversize cargo
- NY-NJ port's January imports rise, despite wildcat strike, blizzard
- Jawaharlal Nehru Port poised to hit record volume
- Independent vs. employee driver debate transforms harbor trucking
- Problems at NY-NJ port draw attention to Montreal as alternative
|MARCH 3, 2016|
- HSH seeks takeover or sale of Sobelmar fleet
Request for foreclosure rights come amid settlement talks focused on sale through US Bankruptcy Court.
- More OW Bunker executives charged
Move by law enforcement makes official earlier findings of fraud at top.
- Plan could boost crude exports to India
Government plans large boost in storage to attract foreign crude.
- Eidesvik wins contract extension from Total
Norwegian offshore vessel owner set to keep two of its ships busy for a total of 195 days.
- Zim picks seven artists in residence
Israeli container line selects the men and women who will create artworks while living on boxships.
- Safe Bulkers clinches new payment extension
New York-listed Greek shipowner pushes back $51.8m balloon payment by three years.
- SSY names Mark Richardson as next chairman
Company and industry veteran John Welham to step down at the end of this year
- SCI will have to order at domestic yards
Indian owner to be forced to renew fleet domestically, but only when subsidy scheme ends in 10 years.
- Ostensjo Rederi promotes COO to CEO role
Kenneth Walland is replacing Johan Rokstad, who will now take the reins at Edda Accommodation.
- Bulk Invest files for bankruptcy
Oslo-listed bulker owner aborts restructuring efforts amid opposition from Japan.
- Riga Shipyard returns to profit
Latvian shipbuilder posts slim earnings for 2015 as revenue rises 20.6%.
- ABG Shipyard eyes $89m investment
Loss-making Indian shipbuilder in talks with Vietnamese group over much-needed cash injection.
- UN blacklists 31 North Korean ships
Owner OMM targeted in latest round of sanctions prompted by Asian country's nuclear programme.
- Tidewater closer to claiming Venezuelan cash
Tribunal lifts stay on part of US offshore giant's compensation for seizure of vessels by Chavez administration in 2009.
- HMM looks to offload tankers after bulkers sale
Troubled South Korean owner considers disposing of more than 10 vessels, including VLCCs and MRs.
- Topaz extends BP charter for 14 ships
Dubai owner ties up offshore support vessels for up to seven years in the Caspian Sea.
- IRISL included in CMA CGM, Coscocs talks
French and Chinese lines reportedly want to bring Iranian carrier into boxship group also involving Evergreen and OOCL.
- Clough secures South African LPG terminal contract
Australian firm set to begin work on import facility in April with completion set for 2017.
- Fincantieri teams up with Chinese ship repairer
Italian shipbuilding group says move consolidates its presence in the Chinese cruise sector.
- Seago Line launches new Irish Sea service
Maersk Group returns to Liverpool with a direct product after a ten year absence.
- VLCC tonnage pushing rates downward
Large tanker spot market TCEs slump by 23% since this time last week as sentiment sags.
|MARCH 3, 2016|
- NEWS FLASH: Carriers want USCG to reverse or clarify stance on SOLAS
- NEWS FLASH: CMA CGM takes 'giant' step in transpacific
|MARCH 3, 2016|
- Uptick in product demand, low crude prices support refining: Shell analyst
Refining sector is focusing on modernization to produce more distillates.
- GLOBAL VLCC TRACKER: Landings in China, Japan spike to fresh annual highs
Freight rates remain under pressure from long vessel supply.
- Gunvor completes sale of Novorossiisk fuel oil terminal stake to Transneft
The move came as Gunvor rebalances its asset portfolio.
- Danish fraud office moves in on ex-OW Bunker executives
Charges include fraud and breach of trust.
- DNV GL introduces 'scrubber ready' class notation
Allows owners to defer decisions on actually installing scrubbers on newbuilds.
- Gazprom Germania completes LNG bunkering first at Germany's Rostock
Port welcomes cooperation on developing supply of the bunker fuel alternative.
- Vitol announces bunkering partnership in Nigerian waters
Says all operations are protected by the Secure Anchorage Area team.
- Sulfur bunker cap uncertainties hinder shipping, refiner decisions: executive
Not enough time to prepare if IMO decides in 2018 to implement in 2020, says head of Maersk Oil Trading.
- Singapore HSFO market firms up on expected tightness in April
Bunker fuel demand in Singapore will be the swing factor for April, and will dictate whether Singapore will be severely short on supply
- Japan's low sulfur marine diesel output falls 6.8% on week
The output was also 0.1% lower year on year
- TENDER DATA: Saudi Aramco offers up to 53,000 mt of 700 CST fuel oil
Loading over March 17-19.
- US DATA: US Atlantic Coast fuel oil stocks at highest since 2011
US fuel oil stocks ended the week at 46.786 million barrels, a build of 777,000 barrels from the previous week.
- Oil futures rise despite massive build in US crude stocks
US commercial crude oil stocks jumped 10.374 million barrels to 517.981 million barrels.
- New European study largely in favor of LNG as fuel for ships
Positive impact on air quality making it beneficial; GHG profile is less clear-cut.
- Rotterdam's LNG bunkering volume soars: port president
Twice of Antwerp's, three times more than Hamburg