|JANUARY 15, 2016|
- Singapore's 2015 container throughput falls 8.7pc to 30.9 million TEU
- Kerry's Singapore unit to open rail-linked inland ports at Yangon, Mandalay
- AADA cuts Asia-Oz bunker surcharge again as price of oil continues plunge
- OOCL cancels Busan to Black Sea EMX service on Chinese New Year slack
- Athens Stock Exchange lifts trading suspension on Piraeus Port shares
- US-South Africa trade truce ends, Pretoria blocks poultry on avian flu fear
- New NYK president sees high-tech apps playing a bigger role in future
- Free trade deal with China could raise billions for Canada annually: expert
- Maersk still biggest box carrier in 2016, but runs risk of overcapacity
- CP: Merger will add needed capacity without unwanted infrastructure
- Truckers face fines for flouting Canada Customs advanced filing rules
- Agility wins two year contract for major natural gas event
- Lufthansa Cargo posts 2.4pc decline in 2015's freight and mail volume
- Egypt clothing exporters continue to send goods to US despite air cargo ban
- Japan finds 43 cases of banned items carried on passenger flights
|JANUARY 14, 2016|
- Baltic Index sinks to new record low of 402 points
- Centre to increase share of water transport to 15 pc in three years: Gadkari at ASSOCHAM conference
- Cut logistics cost to make Indian goods competitive in global markets, says VPT chief
- Forbes & Company to sell two CFSs & logistics business to Transworld Group Singapore
- Seashell Logistics charts new course with international vessel operations
- US ship crew get 5 years rigorous imprisonment under Arms Act
- Exports to China shrink
- Centre opens up more ports to import apples
- NMPT proactive in wooing cargo
- Port of Antwerp makes a big impression in India
- Compulsory BIS certification norm on steel to hit auto industries
- INR nosedives to over 2-year low on heavy dollar demand
- Gujarat Junction 2016-Cargo & Logistics Awards
|JANUARY 15, 2016|
- Cargo expert for South America
- Plans for deepwater port in Algeria
- Delta expands pharma offering
- To be or not to be: a new inland port at Mohács?
- HGV drivers - book your slot at port of Hamburg
- US meat exporters name Japan director
- Irish fear foreign transport operators
- Want to ship coffee or fruit? Try new Haropa service
- Better rail infrastructure in Louisiana
- Polar Air Cargo has to pay today
- Several key appointments at Buffaload
- New BMX service from Egypt to Black Sea
- New logistics facility in Russia
- Hansa Meyer appoints second COO
- Albatros Express expanding
- European airports lose out in November
- New name for US subsidiary
- Aid for 7.5 tonners
|JANUARY 14, 2016|
- Charleston Harbor Deepening Project recommended for congressional authorisation
CHARLESTON, SC - January 13, 2016 - The 52-foot Charleston Harbor Deepening Project was recommended to Congress for authorisation this week, continuing the project's historic momentum through the U.S. Army Corps of Engineers (USACE) planning process. Known as the Record of Decision, the recommendation signed by Assistant Secretary of the Army...
- Port of Tallinn chooses Kalm approach
After some months vetting around a hundred candidates, Port of Tallinn's Supervisory Board has elected Valdo Kalm, 49, to be the new CEO from 1 March. He replaces interim chief & CFO Marko Raid who was promoted suddenly when former boss Ain Kaljurand resigned on 27 August...
- Eighteen screens for Seven Eagle
Solar Solve, the British manufacturer of SOLASOLV®anti-glare, heat rejecting roller screens for navigation windows have specialised in providing sun and glare protection to the marine and offshore industry for almost 30 years. SOLASOLV® anti-glare screens are installed at the windows of all types of ships, rigs and cranes worldwide. Regarded...
- Merseyside marine hydraulics specialist V&A completes repair package for Runcorn's Whitaker Tankers
The Birkenhead-based family-run firm has delivered a series of complex hydraulic upgrades to the short haul fuel tanker, Keewhit. V&A Hydraulics managing director Vic Seddon said the project required a broad skill set and in-depth technical knowledge. "A key part of the repair package included work to a blown out cylinder," he...
- Nordic Maritime Link across the Kattegat
Through the signature of a common Memorandum of Understanding, the partners have committed themselves to identifying development opportunities and examining perspectives for future investments on both sides of the Kattegat. With this partnership, the partners have thus shown great willingness to invest in this sustainable maritime link. "The new partnership across...
- PSA throughput performance for 2015
PSA International Pte Ltd (PSA) handled 64.10 million twenty-foot equivalent units (teu) of containers at its port projects around the world for the year ending 31 December 2015. The group's volume decreased by 2.0% over 2014, with flagship PSA Singapore Terminals contributing 30.62 million TEUs (-8.7%) and PSA terminals outside...
- APM Terminals Los Angeles' Truck Safety Programme
Los Angeles, California USA - A new safety initiative at the world's largest proprietary container terminal, APM Terminals Pier 400 Los Angeles, has resulted in the implementation of revised yard layout and procedures to enhance the safety of the 2,000 to 3,000 Over-the-Road (OTR) truck drivers who deliver and pick...
- IMarEST student members win national awards for marine conservation research
The overall winner, Alice McNeal, SIMarEST who is currently studying a Bsc in Biological Sciences at University of Exeter, was awarded the top prize for her ground-breaking project 'Plankton eating plastic: worth worrying about?' and will receive £1000 to further her research. The Marine Conservation Society Wakefield Memorial Award went to...
- SafeSTS looking to sustain growth in 2016
Managing Director Yvonne Mason expressed satisfaction with the company's progress during the year, saying: "A number of specific skills and experience are required to conduct ship-to-ship transfers safely, and health and safety is at the forefront of everything we do. Inevitably, business growth involves an increasing number of such transfers, and...
- ClassNK releases Guidelines for Use of Structural Adhesives
Tokyo - Leading classification society ClassNK (Chairman and President: Noboru Ueda) has released its Guidelines for Use of Structural Adhesives for the shipbuilding industry. Compared with other joining methods such as welding, structural adhesives are easy to construct and control. In addition, because they can be used without the...
- World container handling arrests decline
Global container traffic stopped falling during the fourth quarter of 2015 and appears to be on a flat sideways trend now, according to HSH Nordbank's world trade index. The latest reading of its index covering the period from October to end of December of last year suggests that box...
- Angolan oil major Sonangol delays drillship orders at DSME
Angolan oil company Sonangol has reportedly deferred the delivery of two drillships on order at Daewoo Shipbuilding & Marine Engineering, joining a growing number of drillship owners who are pushing back such deliveries as oil prices weaken. DSME said in a Korea Exchange...
- Triyards insulated by diversified orderbook
While the collapse in oil and gas prices has affected its parent company's profitability, Ezra subsidiary Triyards is fairly insulated due to the offshore and marine engineering company's diversified orderbook, according to KGI Fraser Securities. Triyards posted a profit of USD 6.2 million for the first quarter of its financial year,...
- Japan shipyard orders hit post-financial crisis high
Orders at Japanese shipyards have hit levels not seen since the global financial crisis struck in 2008. Statistics released by the Japan Ship Exporters Association showed that its member yards won 424 orders totaling 22,221,575gt from January to December 2015. In December 2015 alone,...
- Singapore slashes port dues as throughput drops to lowest level in four years
Singapore said it would hand back USD11.8 million in port dues to shipping lines in 2016 as it looks to shore up container volumes as preliminary figures show the port booked its lowest annual throughput last year since 2011. An additional 10% concession on ports dues for container vessels calling...
- Thailand expects solid 2016 growth in car exports
Automotive exports from Thailand are forecast to grow by up to 10 percent this year, with demand particularly strong for environmentally friendly models in North America, Europe and Australia. "Last year we exported 1.2 million cars," an official with Laem Chabang, Thailand's gateway port, told IHS Fairplay. "This year we think...
- No shake-up to Panamax services yet, says Hapag CEO
The world's fifth-largest container line, Hapag-Lloyd, expects no major tonnage changes on all-water container services through the Panama Canal before the end of this year. Although the Panama Canal authority has reassured ship operators that the new third set of locks is going to be opened in the second...
- IHS Maritime & Trade: Freight Rate Forum 2016
|JANUARY 14, 2016|
- XPO vows to defend itself 'vigorously' as independently contracted drivers sue over misclassification
- Carol Kijac joins SEKO Logistics as chief sales officer
- General Average declared on refloated Hanjin Aqua, but some shippers were uninsured
- Analysis 2015: what we got right - and what we got wrong
- Port of Singapore 2015 container throughput falls to four-year low
- SF Airlines takes two more converted freighters to become China's biggest cargo carrier
- Infographic: How the Trans-Pacific Partnership redefines global trade
|JANUARY 14, 2016|
- SUNY Maritime to honor Morton S. Bouchard III
- Oman police interceptors to have Rolls-Royce waterjets
- AWO promotes Jennifer Carpenter to COO
- Q-West starts construction of two catamaran ferries
- USCG to hold industry day on polar icebreaker replacement
- World Marine buys Signal International assets
|JANUARY 14, 2016|
- Port of Seattle to offer paid parental leave plan
- Freight transport services index drops during month of November
- Portland Airport runway race event part of Port of Portland anniversary series
- Bunkers successfully loaded on TOTE's LNG-powered box ship
- "K" Line takes delivery of 88,000 dwt coal carrier
|JANUARY 14, 2016|
- Greece wants 'stable and permanent' shipping industry, says Dritsas
Shipping minister says policy cannot be solely subject to market rules, while Chamber of Shipping underlines need for competitiveness
- BDI drops to record low for eighth consecutive day
All vessel types take a hit in oversupplied market, but some slight recovery may be seen in March or April
- Ardmore gets growth options in $364m refinancing
Two facilities across four banks push maturity to 2022
- Fall in Frontline shares confuses tanker industry
Tanker stocks should be attractive, but that is not the case
- Escalation of engineer strikes affecting Svitzer Australia tugs
Stoppages of up to 48 hours due as AIMPE rejects single enterprise agreement
- Braemar upbeat on full year prospects
Broker expects to hit targets in first full year since ACM merger
- Hong Kong to set up new maritime body
Industry players expect string of policy reforms to support the shipping sector
- Singapore International box volumes fall by 2%
Global figure is weighed down by flagship PSA Singapore, which saw a drop in throughput of almost 9%
- Star Bulk is not dead, it's getting better
Recent sales of eight vessels to generate a net cash inflow of $59m and push a potential liquidity crunch further down the road
- China's near-term outlook remains a guessing game, BW's Sohmen-Pao says
But BW Group chairman is positive on China's medium to long-term prospects
- Berlian Laju Tanker narrows nine-month losses
Following mandated lead arranger agreement that closed in December, BLT now possesses five vessels at start of the year
- Ezra Holdings posts first net loss since listing
Focus will be on improving vessel utilisation and project execution
- Scorpio Tankers secures fresh funding from ING
Credit facility boosted from $87m to $132.5m and will be used for a ship purchase and a refinancing of vessel debt
|JANUARY 14, 2016|
- US Xpress ties double-digit truck driver pay hike to safety
The U.S. economy may be slowing and freight demand slipping, but truck driver pay is still rising after two years of gains measured in double digits. This year, however, pay hikes are more likely to be aimed specifically at those drivers trucking companies most want to hire and keep - and those,...
- December volume lifts Long Beach to third-best year in its history
Container volume moving through the Port of Long Beach in December increased 5.1 percent over December 2014, helping to propel the port to the third best year in its history. The turnaround in late 2015 was notable because Long Beach, like all West Coast ports, turned in a dismal performance earlier...
- Revised NY-NJ clean-trucks plan stirs up controversy
Money, environmental and labor issues are complicating the Port Authority of New York and New Jersey's effort to replace or retrofit old trucks with newer, less-polluting engines. The U.S. Environmental Protection Agency this week criticized the port authority for lifting a Jan. 1, 2017 deadline that would have forced...
- Amazon gets OK to operate as NVOCC from China to US
WASHINGTON - Amazon has received a license from the Federal Maritime Commission to operate as a non-vessel operating common carrier of cargo from China to the United States, the latest sign of how the e-commerce giant is taking a more active role in transporting its own freight. The granting of the license,...
- Proposed CSX intermodal terminal would benefit Wilmington, NC, shippers
A proposed $272 million CSX Transportation intermodal hub would give shippers using the Port of Wilmington better access to the fast-growing markets of Charlotte, Raleigh and the Research Triangle, along with the entirety of the CSX network. The terminal - part of CSX's $2.4 billion capital plan for 2016, which will...
- Less US truck-related fatalities spell reduced liability risk for shippers
Based on an analysis of federal data, truck safety in the U.S. is improving, even as trucks and motorists rack up more mileage on highways, the American Trucking Associations said. That's good news for everyone, including shippers and third-party brokers concerned about their increased risk of liability in truck-related accidents. Fewer people...
- Maersk Line to appeal Russia anti-competitive ruling
Maersk Line said it will appeal Russia's ruling that the container line violated anti-competitive laws, saying that the publishing of general rate increases is legal and key to informing customers. The Russian Federal Anti-Monopoly Service accuses Maersk, CMA CGM, Hyundai Merchant Marine, Orient Overseas Container Line and Evergreen Line...
- CP to UP: You were for Class I consolidation before you were against it
Canadian Pacific Railway criticized the head of Union Pacific Railroad for pledging to try to stop Class I industry consolidation, pointing out that the U.S. Western railroad became the largest in North America because of numerous mergers and has praised consolidation. "It is unfortunate that UP would try to...
|JANUARY 14, 2016|
- Lawsuit targets West Coast slowdown costs
Plaintiff seeks to represent more than 1,000 companies believed to have paid demurrage.
- US LNG cargo delayed
The operator of the Sabine Pass LNG facility said additional work will push back loading date.
- ISH offloads two bulkers
The shipowner provides update on its move to focus on Jones Act market and car carriers.
- Playing catchup, suezmax fall steepens
Benchmark routes from West Africa and the Black Sea fall by more than $4,000 today.
- Ardmore nets $364m refinancing package
Anthony Gurnee-led owner says fresh loans will boost cash flow by $6m this year.
- Tug sinks after collision
Phoenix goes down in the Netherlands following incident involving tank barge.
- Tankers set for another 'great year' in 2016
Drewry Equity Research says the fun is not over yet despite dented sentiment this week.
- Shake-up at Gulf Navigation
Founding chairman, six directors resign less than a month after acting CEO Parag Jain confirmed in top job.
- Hapag-Lloyd readies BMX
German line launching new service linking Black Sea and Mediterranean ports.
- Cargoship breaks down off France
Tug brings BF Caloosa into Cherbourg after damage to main engine.
- Goldman tied to Danish Ship Finance move
Bank is lining up an offer worth in the region of $730m, domestic report says.
- Maersk keeping mums
Danish group improves maternity benefits to retain talented employees.
- Brazilian venture costs KHI
Japanese shipyard books $187.5m charge from its drillship business with Odebrecht.
- Slow ferry
Former high-speed Stena ro-pax to be converted into floating office in Turkey.
- Braemar remains on track
UK broker says tanker market and "pleasing" S&P operations driving it towards annual targets.
- P&O axes Irish Sea route
UK operator scraps Larne to Troon service due to "significant losses".
- Fugro in sale and leaseback
Dutch subsea survey company secures $130m in deal with New York-based ICON Investments.
- Ezra Holdings starts 2016 in the red
Singapore-listed oilfield services firm predicts a tough year for the company.
- Scorpio strikes deal to upsize tanker loan
Bugbee says ING deal is another example of company's success in obtaining financing.
- Singapore boosts boxship aid
Maritime Port Authority (MPA) concessions to liner sector now said to be worth $11.8m annually.
|JANUARY 14, 2016|
- Charleston harbor deepening project sent to Congress for funding
- Brussels Airport posts 7.8% growth in airfreight volumes
- Broekman Logistics expands warehousing capacity in Rotterdam
- ATA: Industry data shows improvement in trucking safety
- Port of Duluth-Superior sees 11.3% decline in 2015 volumes
- PSA's throughput sinks 2% in 2015
- Executive Moves: CEVA Logistics and Cargo Composites
- Port of Cork's tonnage jumps 10% in 2015
- Singapore offers port dues concession for container vessels
- Virginia ports handle record container volumes in 2015
- Port Canaveral lands first container customer
- Canada to proceed with North Coast tanker ban despite legal issues
- Drayage drivers sue XPO Logistics subsidiaries for misclassification
|JANUARY 14, 2016|
- Buyers annoyed with US bunkering fuel surcharges
Wonder why surcharges applied when fuel prices were high have not been reduced.
- GLOBAL VLCC TRACKER: Freight rates dive further on weak market, tonnage glut
Rates have been in freefall since the start of the year.
- USCG issues further LNG bunkering advice
After witnessing LNG bunkering operations where some have gone wrong or nearly wrong, others have gone well.
- OIL 2015: US fuel oil hits significant downturn on lack of demand
The fuel oil complex lost ground even against falling crude oil prices.
- Chemoil tops 12-Year Leader BP as Singapore's biggest bunker supplier: MPA
New entrants to the top 20 include Wired Bunkering and Total Marine Fuels.
- Singapore's Dec bunker fuel sales rise 13% on year to 4.18 mil mt
December total was the second highest on record for the year.
- JV to build oil products terminal in Far East Russia
Startup expected in two years.
- Sri Lanka Ports Authority seeks bunker fuel supplier at Hambantota port: official
SLPA likely to call for requests for proposal late January.