|JANUARY 28, 2016|
- AMP investigates sinking of cargo ship off Panama's Colon City
- China could demand sanctions against EU after winning WTO appeal
- MSC offers new weekly loop from Yokohama to Djibouti from February 12
- Seaspan to take delivery of 14,000-TEUer Taiwan's CSBC
- MISC provides 699-TEUer as anti-piracy Malaysian naval auxiliary ship
- China Colombo Container Terminal up 1.57pc in 2015 to 1.56 million TEU
- Banker's research note reveals Kerry Logistics to buy US forwarder
- Drewry: No hope of repeat of Asia-east coast box trade this year
- CN profits up 12pc as revenues rise 4pc, though sales off in Q4
- Eco-friendly engines begin to dominate world container shipping
- 881 cargo thefts in North America noted by CargoNet in 2015
- Confusion reigns as UN's wastewater treatment mandate faces delay in Baltic
- Poll: 40pc of Londoners favour Gatwick expansion, 34pc favour Heathrow
- United, Southwest buy 73 Boeing jets in blow to Canada's Bombardier
- Amazon gains more from warehouses than owning air network: Barclays
- Tradepoint Atlantic logistics centre bags pillar tenant FedEx Ground
|JANUARY 27, 2016|
- Reunion Island becomes CMA CGM Group's new maritime hub in Indian Ocean
- Basmati exports to Iran likely to resume
- HAROPA passes 90-mt mark in 2015
- Maharashtra brings out port development policy
- Maiden vessel of upsized ACS service calls Chennai
- Mumbai Port attracts metro coaches built in Vadodara for shipment to Australia
- New Mangalore Port to start LNG terminal by next year: Chairman
- DB Schenker celebrates 20 years of operations in India
- DP World granted concession to develop logistics centre in Kigali, Rwanda
- Mumbai Harbour link to be completed in three-and-a-half years: EAC
- AEPC seeks simplified norms in FTP
- India to be world's fastest-growing major economy in 2016: UN report
- INR plunges below 68 on heavy selling by FIIs
- More deals for US cos in India: Obama
- Restrictions on white sugar exports seen forcing shipments of raw sugar
- Hyderabad experiencing technological innovations in its logistics industry
|JANUARY 28, 2016|
- MOL (Americas) names VP area operations
- Spare parts at favourable prices
- Seca regs - any impact on port of Kiel?
- Lufthansa company teams up with drone producer
- Yes to congestion reduction measures in Crissier
- Rapid changeover at TX Logistik
- WEC launching new service
- Ribar to head up SBB
- CN investing heavily in current year
- Savannah's luck held in 2015
- Private owner for Maastricht Aachen airport
- Forwarder selected for UK's first Automechanika
- OOCL suffering on Asia-Europe route
- Signalling upgrade between Chiasso and Milan
- Volga-Dnepr strengthens three sectors
- More Mumbai and Mauritius, and new to Beijing
- Wielton founds German subsidiary
|JANUARY 27, 2016|
- Nordea shipping and offshore final quarter loan loss provision in sharp rise
Scandinavian financial services group Nordea has reported a sharp rise in the loan loss ratio of its shipping and offshore business in 4Q15 compared to the previous quarter and year-on. Operating profit also fell significantly. Nordea's loan loss provision - the loan loss reserve divided by the amount of net...
- 'Mobility' key to UK maritime recruitment, says skills alliance
Mobility in and around the maritime sector is at the heart of a maritime recruitment drive being led by funding group Seafarers UK, which wants to attract young people to the seafaring profession and the broader maritime industry. The organisation will host a UK-wide week long Seafarers Awareness Week between 20-26...
- Maritime terrorism: Better be prepared
The subject of maritime terrorism is rarely mainstream news. Many would find it hard to recall the last time such an event occurred. Incidents have happened sporadically. Events such as the attack on Limburg and the deaths of...
- Comment: What lies behind Arctic Shipping Norway move?
Trond Mohn was majority owner (48%) and chief executive of Frank Mohn AS, a supplier of Framo submerged cargo pumps to the tanker market. The company had been launched outside Bergen, Norway, by Frank Mohn (1916-2001), and grew quickly after his son took...
- Crackdown slashes Malacca piracy
Pirate attacks in the Malacca Strait, a vital trade route for merchant vessels headed from the Middle East to east Asia, have been given a new twist by a top Indonesian...
- IMB piracy figures show encouraging trend
On the surface, the headlines show that the number of piracy incidents in 2015 and 2014 were almost identical: 243 compared with 245, according to data published by the International Maritime Bureau (IMB). A figure of two lower than the previous year is hardly an encouraging...
- Fredriksen's Geveran and Arctic Securities to set up shipbroking firm
Geveral Trading, a Dutch holding company owned by John Fredriksen and Arctic Securities, the Oslo based investment bank, have agreed to set up a shipbroking company, to be called Arctic Shipping Norway AS, the investment bank said in a statement. The new company is expected to...
- Transas unveils THESIS
The CEO of German-based maritime electronics firm Transas, Frank Coles, opened the company's Simulation User Conference in Singapore in January by introducing the Transas Harmonised Eco System of Integrated Solutions (THESIS). He told more than 400 delegates, maritime training...
- Petronas could delay FLNG delivery from Samsung HI
Malaysian state-owned oil and gas company Petronas is likely to defer the delivery of a floating LNG (FLNG) vessel from Samsung Heavy Industries (SHI) as gas prices show no sign of an imminent rebound. Sources from SHI said the South Korean shipbuilder is in discussions with Petronas to...
- VLGC rates hit record high in 2015
The Baltic VLGC Index averaged USD93.50 per tonne while timecharter equivalent earnings were USD3.7 million per month in 2015, the highest annual average level on record. Shipbroker Lorentzen & Stemoco (L&S) said that while 2015 started slowly, recovery was driven by a reduced number of ships available in the...
- S-Oil seals diesel, naphtha shipments to Saudi Aramco unit
South Korean refiner S-Oil has signed an agreement with its affiliate Saudi Aramco to ship up to 24 million barrels of unleaded sulphur diesel (ULSD) and up to 20 million barrels of light naphtha in 2016. S-Oil said that the contract value will be based on international market prices. A minimum of 12 million...
- European Parliament drops port services deregulation
The European Parliament transport committee has voted to drop proposals to force European Union ports to deregulate access to port services such as towage, mooring, and pilotage from a new European Union port regulation currently being prepared. The committee has come out instead in favour of allowing...
- Hong Kong drops to fifth on list of world's busiest container ports
The Port of Hong Kong fell to fifth place on the list of the world's busiest container ports in 2015 after booking declining throughput volumes for 18 consecutive months. Preliminary figures from the Hong Kong Port Development Council show the port handled 20.1 million containers in...
- China tightens emission control, no further change for Hong Kong
China's drive for green shipping has been gaining support in the Pearl River Delta, but Hong Kong's emission control is expected to remain the same until 2019, according to Lloyd's Register Asia. As of 1 January 2016, China has implemented an emission control area (ECA) at the Pearl River Delta on...
- Energy efficiency course now online
A complete package of training materials on the International Maritime Organization's (IMO's) energy efficiency requirements is now available to download free of charge from the IMO website. The package, which includes presentations, posters, exercises, and assignments, aims to explain implementation of the regulations in Chapter 4 of MARPOL Annex VI...
- Crude tanker owners claim outlook remains strong
Despite battered stock pricing, crude tanker fundamentals remain unbowed, according to top executives participating in a Capital Link forum on 26 January. "We're in a 'goldilocks market' at the moment," claimed Euronav CEO Paddy Rodgers. "If investors would begin to value the shares, we'd...
- Labour union to take on appeal of Seaman Guard Ohio crew
International Transport Workers' Federation (ITF) will help pay for an appeal by crew members of the Seaman Guard Ohio who were recently sentenced to five years in prison by an Indian court. After conducting a legal analysis of the judgment, "we firmly believe there are grounds...
|JANUARY 27, 2016|
- Kerry Logistics eyes growing ASEAN trade and plans major expansion in Thailand and Myanmar
- Cargologicair takes off with a charter flight to Italy after UK AOC is granted
- OOCL reports desperate fourth quarter and CSCL expects a loss: will 2016 be a flood of red ink?
- Prologis says e-commerce drives surge in warehouse demand
- Lufthansa gets into drones - but not for deliveries
- In photos: Dunkirk's refugee wasteland, even worse than the Calais Jungle
- Mohammed Sharaf announces his retirement from DP World
- Volga Dnepr appoints global directors for Aerospace, Humanitarian and Oil & Gas divisions
|JANUARY 27, 2016|
- Kongsberg Maritime President will be next Group CEO
- BAE San Diego gets $25.5 million Navy contract mod
- Shipbuilder to install ClassNK-NAPA GREEN in newbuild
- VIDEO: Crew lifted from listing car carrier in Bay of Biscay
- Fincantieri inks Iranian shipyard cooperation agreement
- Singapore awards LNG bunkering licenses
- TOTE settles with five El Faro families
|JANUARY 27, 2016|
- Jensen Maritime to design two US-flagged cruise ships
- Georgia Ports Authority sets record for container volumes during 2015
- Mitsui O.S.K. Lines adding new woodchip carrier
- Willard Marine delivers new SOLAS 670 rescue boat
- Rail group releases report covering state of industry
|JANUARY 27, 2016|
- Costamare beats profit projections for fourth quarter
Containership owner is quick to line up Chinese financing deal for Hamburg Süd newbuilding pair
- Ro-ro vessel adrift in Bay of Biscay after 22 crew rescued
Gales, high seas and 40-degree list lead crew to abandon ship
- Paragon eyes newbuilding sales as cash tightens
Dry bulk owner posts new loss as it reduces fleet in agreement with bankers
- Seafarer employment statistics are cause for concern, say UK shipping interests
UK Chamber and unions alike fear for future prospects, despite 5% jump in number of ratings
- Supreme Court finds owner and insurer liable in Prestige case
Master sentenced to two years in prison for crime against the environment
- WFW confirms role in Teekay Tankers refinance deal
Law firm advised on $900m five-year facility
- Navios Midstream posts higher profits
VLCC owner benefits from profit-sharing earnings
- BG and Keppel secure Singapore LNG bunkering permit
Delivery of liquefied natural gas as fuel expected to start in 2017 in Singapore
- HMM denies having plans to seek court receivership
Korean shipping line also scotches market talk of merger plans with rival Hanjin
- China Cosco to operate CSCL fleet on March 1
Cosco has filed a petition for regulation exemption to the FMC
- Wärtsilä reports higher net profit in 2015
Helsinki-listed company's results seen as a good bellwether of shipping's appetite for new or technically advanced tonnage
- ITF to pay legal support for Seaman Guard Ohio appeal
Union calls on vessel's flag to assist criminalised seafarers
- DP World group chief executive Mohammed Sharaf retires
Update: Sharaf leaves post with immediate effect having overseen the company's transformation from a small domestic terminal operator into a major global player
- Noble Century Shipping to acquire two cargo vessels from Guangdong Tongcheng
Ships to be bought for $5.8bn
- Asian financial regulators likely to provide more clarity on Iran sanctions
Market participants remain wary of resuming business with Iran as many sanctions remain
- Fincantieri inks maritime industry-related agreements with Iran
Pacts to explore areas of co-operation in shipbuilding and marine propulsion
- CMA CGM enhances Reunion Island position as Indian Ocean hub
CMA CGM adds more Reunion Island weekly calls
- Damen to carry out winter modifications on vessels for Viking River Cruises
Contract scheduled for completion by early March
- Jensen Maritime provides design and production engineering services for two cruiseships
Company to use 3D modelling to visualise vessel layout, maintenance envelopes and operational access
- Safe Bulkers completes another $40m refinancing
New term loan to enhance financial flexibility of company
- Georgia Ports Authority posts record high growth for 2015
Port authority is deepening Savannah and has ordered more ship-to-shore cranes to handle larger vessels
|JANUARY 27, 2016|
- Refrigerated trucker Marten Transport posts record profit
- Eastbound trans-Pacific rates to recover in second half, HMMA CEO says
- XPO Logistics rival scoops up former Con-way execs
- E-commerce retailers 'clicked' on US trucker Covenant Transport
- Retiring DP World CEO led global expansion
- JOC Webcast: Global demand improves, but carrier outlook gets worse
- New service beefs up Liverpool's access to mainland Europe
- Warehouse operator where Santos port fire began fined
- NS intermodal volume decline contributes to double-digit profit drop
- Russia expects containerized export rebound
- India intermodal rail operator's profit falls on trade slump, higher costs
- Port congestion 'inevitable' even without mega-ships
- Hansa Heavy Lift HHL Amazon
- Steadily declining volume drops Hong Kong down global rankings
|JANUARY 27, 2016|
- Smit hired to aid stricken Cido ship
Salvage tug Abeille Bourbon on scene as list of Modern Express steepens to nearly 50 degrees.
- Pdvsa chugs along with terminal booster
Venezuelan state-owned producer to complete next phase of project at Anzoategui in second quarter.
- Costamare nets funds for Jiangsu brace
Greek owner pens financing for newbuildings on its way to strong fourth quarter figures.
- Firm to appeal ballast water rule
US Coast Guard says life and death, not reproduction, standard for ballast treatment.
- Jones Act draws rival lobbying views
Two Washington DC-based think tanks argue economic merits of cabotage laws
- Frangou sees 'no credit' for MLP yield
Navios Midstream dividend growth halt comes despite 'robust' tanker market.
- Patitsas plots buys in dry cargo wild west
Greek owner thinks blood on the streets is a good indicator as he follows shipping's only investment rule
- Shell shareholders approve BG takeover
83.1% of votes cast in favour of combination of supermajor with gas giant.
- Reach Subsea ship finds NEMO work
Stril Explorer heading to Martinique for thermal energy conversion project.
- Farstad Shipping ponders office shakeup
Offshore vessel owner set to reduce costs through new measures that will affect its Alesund base.
- Total nets Greek VLCC for Iranian cargo
Capital ship poised to be first large tanker into Kharg Island after sanctions lifted.
- Crew saved after A2Sea jack-up grounds
Danish owner evacuates 15 seafarers from vessel as tow lines breaks in storm off Denmark.
- Well-covered NAP pushes up earnings
Angeliki Frangou-led MLP makes more money thanks to strong rates but misses analysts' consensus.
- "Even the best cannot escape the storm"
Nordea says DOF likely to face liquidity issues, excluding its subsea subsidiary.
- London Club surprised by Prestige ruling
UK insurer seeking clarification after Spanish court says it has direct liability for 2002 tanker spill.
- Bulls, bears and believing in fairies
Braemar, SCF and Euronav chart the tanker market with the aid of animals and Peter Pan.
- DNB Markets: Wall of worry faces investors
Ted Jadick believes defensive investors mean private owners are best placed to take opportunities this year.
- Judicial manager sells five Mercator bulkers
Singapore owner has six ships left after disposals to its banks bring in $32m to reduce debts.
- Paragon considering newbuilding sales
Michael Bodouroglou-led company says further disposals are probable as it reaches settlements with three lenders.
- ITF paying for crew's appeal
Union backing Seaman Guard Ohio seafarers' bid to have jail sentences overturned in Indian weapons row.
- Prosafe laying up accommodation vessel
Cypriot owner preparing to stack floatel currently idle in Gulf of Mexico.
- Strong sales lift Wartsila in 2015
Finnish firm boosts its annual profit while CEO Eskola unconcerned over smaller order intake.
- Second AIDA cruiseship facing MHI delay
Japanese shipyard could push back delivery of newbuilding by at least six months, report claims.
- Royal Caribbean returns to Haiti port
Allure of the Seas arrives in private Labadee resort following unrest in the country.
- OPEC and Russia ready to cut production?
Crude cartel and Russian deputy premier hint at moves to combat falling prices.
- DVB trying to sell seized drillship
Deepsea Metro II, formerly managed by Odfjell Drilling, is up for grabs in Curacao next month.
- Nordea loan losses rise in fourth quarter
But Nordic shipping bank's net profit rises, with credit quality "solid."
- Tankers urged to keep their cool during Panama transit
Canal staff being taken ill due to fumes accidentally released by the warm weather.
- Ezra forced into financial management shake-up
Singapore offshore player forced to make double CFO switch on virtually the same day.
- Financial woes spread to offshore employees
Malaysian oil and gas workers face closer scrutiny if they want to take out a mortgage, admits bank.
- Blackrock tweaks shipping portfolio
Large fund manager cuts exposure to barge market, but increases stake in cruises.
|JANUARY 27, 2016|
- U.S. further loosens export controls for Cuba
- Norfolk Southern profits fall along with freight volumes
- Algeria prepares for major shipping port
- Second new LNG-powered TOTE containership delivered
- ICTSI DR Congo Terminal to commence operations in August
- Great Lakes iron ore shipments tumble in January
- Halterm Container Terminal invests in new equipment
- TQL expands into Miami
- Executive Moves: YRC Freight, SEKO Logistics, MARS and Volga-Dnepr Airlines
- FedEx to launch 25m share repurchase program
- Panama Canal 'inauguration' still expected in Q2 2016
- Broker association urges slowdown in ACE roll out
- CMA CGM increases presence at Reunion Island
- CN bucks freight rail trend, ups profits in 2015
|JANUARY 27, 2016|
- Oil strengthens on signs of Russia, OPEC cooperation on possible output cut
Oil futures rose Wednesday as speculation mounted that Russia and OPEC will coordinate on a production cut.
- US DATA: EIA says USGC fuel oil stocks lowest since November
US Gulf Coast fuel oil stocks for the week ended Friday reached its lowest level since November.
- CHINA DATA: Dec residual fuel imports fall 23% on year to 2.19 million mt
Most of the December cargoes were heard to have been resold as bonded bunker fuel.
- Sustained weak rates drive Panamax owners to scrap vessels earlier than usual
Charterers prefer 'newer and more economical vessels in terms of consumption'.
- Brightoil Petroleum issues profit warning for H2 2015 on low oil price
But its international trading and bunkering businesses have posted profits.
- Is it really safer to bypass a trader and deal direct with a physical supplier?
Buyers may be seeking a safe haven which is in fact no safer than the one they are trying to steer away from.
- Russian Feb fuel oil exports set to fall amid run cuts
Also, the contango structure of the market makes storage a better option, say traders.
- Singapore's MPA approves first two LNG bunker suppliers
Pavilion Gas, and partnership between Keppel Offshore & Marine and BG Group, to be authorized LNG suppliers.
- EU committee rejects free-market port proposal
No single model possible for port services.
- Major global bunker firms eye Latin American growth in 2016
Trading firms shrug off red flags in the troubled region.
- TANKERS: Bad weather causing delays at UK ports
Further high winds and swell due Friday AM until Saturday PM.