|JANUARY 22, 2016|
- Long-time shipping iconoclast, Evergreen founder Chang Yung-fa dies at 88
- Hutch's loss at clogged Felixstowe is DP World's gain at London Gateway
- Outer Harbour Terminal to close as operators give up on Oakland
- CMA CGM Swahili Express to call Nacala, Mozambique on Asia-Africa loop
- CMA CGM adds Nossi Be, Antsiranana to north Madagascar port coverage
- Tugboat engineer strike makes life difficult for Oz ports nationwide
- Jawaharlal Nehru Port Trust seeks US$473 million for new roads
- Kalmar launches new drive train 'K-Motion' in Asia Pacific market
- Is US west coast docking of 18,000-TEUer more trouble than it's worth
- Eagerly-awaited Cargolux China to take to the skies in 2017
- Atlas Air to buy Southern Air for US$100 million in cash
- Volga-Dnepr Airlines and Bollore help to discover if there is life on Mars
- Amazon reportedly buying out French package delivery firm, Colis Prive
- Prognosis for air freight demand in 2016 is mixed at best
|JANUARY 21, 2016|
- Cargotec acquires maritime software co.
- Maersk Line may resume services to Iran
- Shipyards undertaking shipbuilding & ship-repair to be included under Harmonized list of Infrastructure Sectors
- RBD palmolein pushes up import of vegetable oils by 24 pc in Dec.
- Bombay Chamber's 9th Biennial Conference on Ports, Shipping & Logistics today
- Cochin Port proposes to utilise dredged sand
- Trade seeks intervention as NSICT stir continues
- Unique online platform showcases investment opportunities in Antwerp port
- FSSAI brings out regulations for food importers
- Fuel demand up by 8.3 pc in Dec.
- Govt plans to borrow in dollars at low interest to fund infra projects: Gadkari
- INR falls further on fresh dollar buying
- Permit SEZ units to sell in the domestic market, CommMin tells FinMin
- Sugar mills seek concessions for export quota
- Crude prices seen plunging as low as $ 10/barrel post lifting of Iran sanctions
|JANUARY 22, 2016|
- Bank finances new section of motorway in Bavaria
- CP to alleviate congestion in Chicago
- Roadrunner runs with new boss
- New trade body for European airlines
- Europa lands record warehouse contract
- Weekly train between Rotterdam and Enns
- Germany tables 10 year port plan
- China Eastern's route to Rome and elsewhere
- Thüringen network nets new manager
- RZD and Kazakh Railway snuggle up closer
- Ports America redefining west coast strategy
- Contract renewal for logistics giant
- European express hubs grow in 2015
- Grieshaber augments management board
- Europorte succeeding against the odds
- Waco selects East/Central Europe representation
- Plain figures from Singapore
- Sustainable cargo dolly to serve in Abu Dhabi
|JANUARY 21, 2016|
- Skytech Group to bring RescueSim Incident Command Simulators to China
Official distributor agreement signed. RescueSim Incident Command Simulators to prepare first responders in China for any thinkable incident. Beijing, January 20th 2016 - The Skytech Group announces it has signed an agreement with simulator supplier VSTEP, making Skytech an official distributor for the RescueSim Incident Command Simulator in the Chinese...
- RWI/ISL see box handling go up
Containerised cargo flows appear to gain more traction again, with the latest monthly volume index by German research institutes RWI and ISL showing a notable increase. Their global container handling index published today rose to 118.8 points for December, up from 118.0 for November. The economists said that the latest...
- Economic woes to test China's latest Five Year Plan
China is about to begin its latest Five Year Plan, and while it is easy to dismiss the planned approach as a Soviet-style relic of the past, the next few years will be critical to a country undergoing a chaotic transition from an export and industry focus to a consumption...
- India offers troubled shipbuilders access to state funding
The Indian government has declared that the domestic shipbuilding industry will now be classified as an "infrastructure sector" which means shipbuilders can gain access to much-needed funding. A statement by the government on 20 January said Indian shipbuilders will be included under the so-called Harmonized List of Infrastructure sectors, which is...
- DFDS nonplussed over disruption by ex-MyFerryLink seafarers
Danish ferry operator DFDS said today that it did not understand why French seafarers had disrupted its Dover-Calais ferry service on 20 January when it was still recruiting crews for the former MyFerryLink vessels it is due to bring into service next month. The seafarers,...
- HMM in talks to sell dedicated bulk shipping unit to H-Line Shipping
Amid growing rumours that it could enter receivership, massively-indebted Hyundai Merchant Marine confirmed today that it is in discussions to sell its dedicated bulk shipping businesses. H-Line Shipping, the divested LNG and dedicated bulk shipping division of Hanjin Shipping, is tipped as a potential buyer. A HMM representative told IHS Fairplay,...
- Early execution of Busan port's 2016 budget
More than 60% of the KRW325.5 billion (USD271.9 million) budget for Busan port's redevelopment in 2016 will be used by the end of 1H16. Busan Regional Office of Oceans and Fisheries announced that it has planned for KRW201.1 billion of the 2016 budget to be...
- Charterers snap up VLCCs on period charters
The start of 2016 has seen at least 11 very large crude carriers being booked for periods of as long as two years, as spot rates are still seen as being on the high side. Statistics provided to IHS Fairplay...
- DS Norden sees two more years of hardship as huge impairment charge booked
DS Norden, the listed Danish dry bulk and product tanker shipping company, has booked an USD340 million impairment charge in its dry bulk business and the company forecasts two more difficult years, before the market is expected to return to levels...
- ICTSI eyes more opportunities in Africa and Middle East
Construction of the ICTSI terminal in Matadi, Democratic Republic of the CongoInternational Container Terminal Services Inc (ICTSI) is expanding its footprint in Africa and the Middle East with two new terminals under development and an eye on more opportunities in the regions. The Manila-based terminal operator is currently halfway through a 20-year...
- Cosco head resigns as China Shipping merger gets underway
Ma Zehua, the man who replaced Wei Jiafu as chairman and party secretary for China Cosco Holdings in 2013 when the charismatic executive quit unexpectedly, steps down today as chairman of the mainland's largest carrier.He will be succeeded by non-executive director Wan Min, China Cosco said in a...
- Container line capacity growth to hit record low, says analyst
This year's capacity growth will be the lowest ever recorded for the global container shipping fleet, according to Alphaliner, welcome news for an industry already buried under a deluge of excess vessels that cannot be filled.The analyst expects the fleet capacity to grow by 4.6% in 2016, with fewer new...
- Bolloré adds more wine, spirit cargoes
French freight forwarding and logistics group Bolloré Logistics kicks off the new year with the acquisition of an ocean freight service provider. The group announced on 20 January the takeover of a majority shareholding in AMC Company (Agence Maritime Congancaise), a French freight forwarder specialised in shipments of wines and spirits. Neither...
- Singapore offshore firms seek new opportunities
Singapore-listed offshore firms are looking for more opportunities amid the depressed market to improve their revenue, and, in some cases, to expand their presence in a new market. Otto Marine has secured an agreement with a world-renowned port operator to be its preferred choice of offshore and marine service provider. The...
|JANUARY 21, 2016|
- Fear of corruption now the biggest obstruction to doing business in emerging markets
- No calmer waters in sight as owners of 'zombie' containerships try to tough it out
- Analysis: the message is one of caution as CSX cuts back on capital spending
- Forwarders gloomy over China's prospects, as US companies move out
- Iran back on the map as a contender in the automotive market
- Cambodia makes a play for more factories
- CH Robinson promotes Ivo Aris to vice-president of European forwarding
|JANUARY 21, 2016|
- Prison for Navy Petty Officer involved in Fat Leonard affair
- USCG icebreaker Polar Star gets new CCTV system
- Norden takes a hit on bulkers
- Foss partners to provide marine engineering apprenticeships
- Navy kicks off Great Green Fleet alternative fuel initiative
- Evac secures major order to supply four cruise ships
- Evergreen mourns passing of founder
- CoCo Yachts books two more Coastal Cruiser contracts
|JANUARY 21, 2016|
- Tidewater takes delivery of new tug GRANITE POINT
- Evergreen Group founder Dr. Yung-Fa Chang dies
- US rail freight traffic count takes tumble during week
- Foss helps establish curriculum for marine apprenticeship program
- Diana Shipping sets charter for Panamax dry bulk vessel
|JANUARY 21, 2016|
- Long Beach prepares for first 18,000 teu ship and opening of Middle Harbor development
Long Beach Container Terminal operator has been testing equipment and plans to start handling ships in April
- Strong year for Barcelona port traffic
Container traffic up 4% while shortsea cargo volumes hit record high
- Eni drops Ocean Rig drillship
DryShips affiliate consults lawyers over apparent loss of five months' employment
- Cargill to consolidate shipping activities in Geneva
Weak dry bulk market prompts trader to move operations from the UK
- Star Bulk sells capesize amid dire dry bulk market
As rates continue to fall, more players in the sector are ramping up their selling activities
- Lifting of Iran sanctions will be good news for dry bulk - eventually
Impact would be better felt if dry bulk sector were not so depressed
- Australia volume growth a boost to LNG shipping
Fresh cargoes and higher production volumes provide positive data for gas shipping, with Australia crucial to the future health of the global LNG carrier fleet
- CSIS Ltd predicts heavy losses for 2015
State-owned shipbuilder is hit hard by depressed market conditions
- Rigbuilder Keppel's fourth-quarter profit drops 44% on oil turmoil
Keppel has been hit by the decline in the offshore industry as oil majors cut back on capital expenditure across the board
- China needs market-based approach in shipbuilding consolidation
As the brutal economics of shipyard consolidation unfolds, wearing the 'Yangqi' badge improves chances of survival
- HMM confirms talks with Hahn & Co to sell its bulker fleet
Pricetag for fleet of 14 operating ships and six newbuildings said to be $497m
- Greeks fire back in tax spat with Brussels
Commission move to force Greek tax changes threatens EU shipping as well as debt-strapped national economy, say owners
- Glencore setback in Newcastle port rates tussle
Case with significant implications for Australian port privatisation falters at National Competition Council
- DP World to return to Russia
Signs joint venture with Russian infrastructure fund to invest in ports and logistics
- Container freight rate gloom set to continue
Overcapacity and weak demand to keep box rates low in 2016
- NYK wins charter for newbuilding wood chip carrier
Vessel scheduled for delivery in 2018 to carry cargoes for Hokuetsu Kishu Paper
- UASC resumes Iran container shipping services
Dubai-based box line to implement strict internal compliance check
- Samarco mine disaster knocks BHP Billiton's iron ore production
Miner trims 10m tonnes off its guidance for the second half of the financial year
- Moody's cuts outlook on Navios Holdings unit
Move comes after parent company's rating downgraded
- Cosco given green light for purchase of Piraeus port
Improved offer of $401m accepted by Greek privatisation fund
- HHI finishes the year with about $6bn in commercial ship orders, down 3%
Offshore-related orders collapsed by 74% to 1.6bn
- Cargotec to buy maritime software firm
Transaction expected to conclude in first quarter of this year
- Brittany Ferries to provide new Poole-Bilbao freight service
Charter period is for 12 months with an extension option
- JLT Re hires Cooper Gay MD to bolster marine and energy team
Industry veteran will change jobs once contractual commitments are completed
|JANUARY 21, 2016|
- Long Beach: $4 billion plan keeps us nimble as industry changes
The Port of Long Beach is guiding more than $4 billion in investments that will keep the second-largest U.S. container port nimble so it can respond to shifts in global manufacturing and trade patterns, pending mergers among ocean carriers and the arrival of the biggest vessels to call in North...
- Russia container trade decline slows
Port of Novorossiysk, Russia.The rate of container cargo traffic decline at Russian seaports is slowing but still remains high, with volume plummeting by 25.1 percent in the fourth quarter, according to the Russian Association of Commercial Seaports. The 25.1 percent decline was a slight improvement on the 25.9 percent year-over-year drop...
- China's slowdown sends shivers through supply chains
Speaking to more than 2,000 attendees at the JOC's TPM Conference in Long Beach last March, IHS Chief Economist Nariman Behravesh delivered a sobering account about the world's second-largest economy. "No country anywhere, anytime, has ever seen that happen without something bad happening," he said, referring to China's ratio of...
- Philadelphia port short-lists potential Southport developers
The Philadelphia Regional Port Authority has issued a short list of potential developers of a marine terminal on 196 acres at the former Philadelphia Navy Yard. The port authority has been trying for several years to develop the Southport site adjacent to the Packer Avenue container terminal. Proposed uses for the...
- Steady improvement in gate activity at DP World terminal in India's busiest port
Gate operations at Nhava Sheva International Container Terminal, which took a hit due to the abrupt disruption earlier this week, have picked up speed over the past two days, according to the latest update from terminal operator DP World Nhava Sheva. NSICT is one of four container-handling facilities in Jawaharlal Nehru...
- Shippers shouldn't expect lines to offer breaks on container weights
Container lines are well known for making almost any concession to get or keep a customer, from dropping rates to offering extended free time on terminals, extended use of containers, or late cutoffs at gates. But they will have no room to budge on the requirement that a certified weight...
- APM Terminals finalizes Cartagena joint venture, plans $200M investment
Compas S.A. Cartagena TerminalAPM Terminals has finalized an agreement to establish a joint venture that will invest over $200 million in upgrading and expanding a container terminal in Cartagena, Colombia's largest port. The new joint venture between Maersk Group's port arm and Compania de Puertos Asociados, or Compas will manage and...
- DP World seals Russia joint venture deal
DP World Chairman Sultan Ahmed Bin Sulayem signs the joint venture agreement with Russian Direct Investment Fund CEO Kirill Dmitriev.DP World and the Russian Direct Investment Fund today announced the launch of a joint venture that will target investments in ports, transportation and logistics infrastructure in Russia. Under the agreement, signed...
- Delays, construction glitches to bust Panama expansion budget
Credit: Panama Canal AuthorityWhen the Panama Canal's third set of larger locks open to commercial traffic this spring, the massive expansion project will be more than a year and a half behind the original target date of October 2014 and an estimated $150 million over the $5.25 billion budget set...
- FMC faces decisions that could impact industry for years
Global changes in container shipping are confronting the U.S. Federal Maritime Commission with some of the most difficult decisions in its 55-year history. How FMC Chairman Mario Cordero and his four fellow commissioners respond this year and next could determine how the industry deals with carrier consolidation, the increasing influence of...
- India's Cochin port introduces new intermodal service
International Container Transshipment Terminal, or Vallarpadam, at India's Port of Cochin expanded its intermodal freight access earlier this week when state-owned Container Corp. of India introduced a weekly train service connecting the DP World facility with Coimbatore, a major southern India inland point. "The train from Irugur in Coimbatore will start...
- Idle box ship fleet edges higher
The number of idled container vessels over 500 twenty-foot equivalent units edged slightly higher in the first two weeks of the year and is set to increase as carriers axe sailings in the run-up to the Chinese New Year holiday, according to Alphaliner. There were 337 unemployed ships as of Jan....
- Greece accepts Cosco's 'significantly improved' Piraeus port offer
Greece has accepted a "significantly improved" offer from China's Cosco Group for the state's majority stake in the Piraeus Port Authority. The Hong Kong-based company will pay 22 euros per share, or 368.5 million euros ($402 million), for the 67 percent shareholding in the operator of Greece's largest port, the state...
- Lowest ever container ship growth expected in 2016
Scrapping and other deletions is expected to take about 350,000 TEUs of capacity out of service this year.This year's capacity growth will be the lowest ever recorded for the global container shipping fleet, according to Alphaliner, welcome news for an industry already buried under a deluge of excess vessels that...
|JANUARY 21, 2016|
- Iran moves to export LNG
With no export facilities of its own, sanctions-free nation plans to piggyback on neighbour.
- Three ships damaged in barge breakaway
- Technomar appeals Daebo seizure release
Affiliate of Greek shipowner challenges judge's move to end asset seizure against Shinhan.
- Ocean Rig drilling contract cancelled
The George Economou-led drilling ship firm continues to suffer from slowdown in oil production.
- US shipping stocks ride wider relief rally
Screens turn green as Brent price rise lightens mood in battered equity market.
- Fosco seeks shield against OW arrests
Chinese owner sues in New York to avoid fallout from Danish fuel supplier's collapse.
- US Virgin Islands get VLGC mooring permit
US officials issued the permit to build offshore mooring for VLGCs as part of LPG import deal.
- Ferry passengers evacuated
Firefighters extinguish blaze on Indonesian state vessel off Kupang.
- Star Bulk confirms sale of modern capesize
Petros Pappas-led owner offloads bulker due from Japanese yard at the end of this month.
- Safe Bulkers renews debt
New York-listed owner uses $75.3m RBS loan to pay off three facilities worth $82.4m.
- ISIS hits Ras Lanuf again
Militants set fire to oil tanks as Libyan oil company says Greek tanker prevented from loading.
- DP World in $2bn entry into Russian market
Joint venture with Russian Direct Investment Fund marks port giant's debut in Russia.
- EU cracks down on ports
Europe ends Dutch tax exemption for six seaports, while France and Belgium must also amend regimes.
- Keppel halts Sete work
Singapore yard stops building Brazilian rigs as it awaits clarification over company's future.
- Greeks reject EU demand for tax overhaul
Union of Greek Shipowners says current rules are not distorting competition.
- EU renews attack on Greek shipping tax
Commission says some provisions fall foul of rules on state aid.
- Tianjin Southwest adds another
Chinese owner returns to Huangpu Wenchong for third asphalt and bitumen tanker.
- Tanker double for Hantong
Chinese yard signs deal with domestic owner to build asphalt vessels.
- Goundar closing in on buys
Fijian owner to spend $10m on two ships and a floating dock.
- UASC restarts Iran business
Saudi-backed line accepting Iranian cargo via third-party ships following lifting of sanctions.
- Hahn in for HMM bulkers?
Report links Korean private equity group to $500m swoop for compatriot's dry fleet.
- Aegean Marine heads to Rio
Nikolas Tavlarios-led bunker company looks to expand operational footprint with office in Brazil.
- Barge breakaway shutters Mississippi
Coast Guard responding as 22 barges loaded with coal and petcoke break free in Louisiana.
- Regent preps $125m in fleet upgrades
Norwegian Cruise Line says three of subsidiary's ships to be renovated over two years.
|JANUARY 21, 2016|
- CP profits decline amid public takeover battle
- Port of Rotterdam sees 2015 volumes rise 4.9%
- Bahri drastically increases profits in 2015
- Wilmington, N.C. expects boost from new intermodal service
- Union Pacific reports 7.7% drop in 2015 profits
- DP World wins concession for logistics center in Rwanda
- FedEx Ground takes spot at former Maryland steel plant property
- PLS Logistics opens new office in N.C.
- Cargolux to invest in new joint-venture airline
- Jan de Rijk acquires fellow Dutch logistics provider
- COSCO to purchase majority stake in Piraeus port
- IMF downgrades 2016 global growth forecast
|JANUARY 21, 2016|
- Oil futures strengthen on possible ECB stimulus
Traders ignore stock build.
- Hull design promises fuel savings
For liquified natural gas carriers.
- US Navy's first biofuel-run green ships fleet sets sail
Alternative fuel blend more cost competitive than traditional fuel.
- Orkney Islands awards marine gasoil contract to Simpson Oils
Remote Scottish archipelago expands port services.
- Aegean Marine Petroleum joins Latin America bunker market
Operations to start up in Q1 2016.
- HSFO Med-North arbitrage shuts despite lack of prompt supply in Med
Market sources attributed to strengthening physical FOB Rotterdam barge market.
- Russia's Novorossiisk bunker fuel plummets on high stocks, bad weather
Selling pressure seen strong discounts offered by suppliers.
- Danish bunker fuel supplier Monjasa eyes Latin American growth
Higher marine fuel demand expected in Mexico.
- NYMEX February crude drops under $27/b
NYMEX February crude settled $1.91 lower at $26.55/b.