ITF urges shippers to take responsibility for box weight checks Crumlin spells out risks to health and safety of misdeclarations
Seychelles sentences 11 Somali pirates Convicted gang members face terms of up to 16 years after kidnap of Iranian seafarers
Dynagas' cold calculation pays off Prokopiou confirms financial options for expanding ice-class LNG owner
Dynacom wins partial rescheduling Tanker and dry bulk firms are latest big Greek players to win respite from their banks
Finland backs Brussels' monitoring, reporting and verification plans Helsinki favours a European solution to emissions that is aligned to the IMO
Stolt Tankers improves despite a dip in revenues Chemical trades face long, slow recovery
Japan and South Korea meet to talk maritime matters Ministries discuss Panama Canal price hikes and the Maritime Labour Convention
AET takes delivery of two crude carriers from DSME MISC unit claims the VLCCs are the greenest in the market
Spread of floating armouries demands more transparent UK risk assessment Criteria for licences remain murky, says Sovereign Global boss
CIT funds $84m product tanker deal between Pappas and Oaktree Vessels were owned by Omega Navigation
Two Rickmers KG boxships reported insolvent Bremen court puts Jennifer Rickmers and Charlotte C Rickmers into administration
Tokyo prepares safety guidelines for large boxships for year-end Findings that respond to loss of MOL Comfort could enter Japanese maritime law
PMSCs urged to sign international code of conduct Drum Cussac in favour of dual membership while BIMCO expresses reservations over costs and duplication
CSAV lands $374m loan for boxship purchase Six banks finance seven new 9,300 teu ships
CIT bankrolls Pappas deal CIT HAS advanced an $83.7M, five-year secured loan to Petros Pappas's new product tanker venture PST Tankers to pay for the purchase of eight secondhand ships
Stolt-Nielsen's tanker unit lifts profits STOLT-Nielsen - the London-based parcel tanker, tank terminals and tank containers group - today reported a rise in profits for its financial year's third quarter
11 pirates convicted EU NAVFOR said today 11 suspects have been convicted of piracy in Seychelles
IK buys DNVPS FUNDS managed by IK Investment Partners, the European private equity investor with Nordic roots, have sealed a deal to acquire DNV Petroleum Services
Box Ships is back for more NYSE-listed Box Ships today confirmed that it will conduct a follow-on offering of its preferred shares to repay debt to sister Paragon Shipping
Bank fund targets African infrastructure AFRICA Development Bank told Fairplay today it plans to raise $10Bn for infrastructure projects, including ports
UMW to launch IPO MALAYSIA's offshore player UMW Oil & Gas today said it plans an IPO of up to 843M ordinary shares worth 0.50 ringgit ($0.16) each
Höegh LNG bondholders OK bond revision HOLDERS of HLNG01 bonds issued by Oslo-managed Höegh LNG Holdings have approved the board's proposal to amend terms of their issuance
Gdansk nears bankruptcy POLAND'S historic Gdansk Shipyard is near bankruptcy, its Ukrainian majority owner has reportedly warned
GDF Suez to build Uruguay's first LNG terminal FRANCE'S GDF Suez has signed a 15-year contract with Uruguay's Gas Sayago for the South American country's first LNG import terminal
Eckerö seals MXL deal FINLAND'S Eckerö Shipping has gone into partnership with Italy's Med Cross Lines to extend its Mediterranean presence and find fresh employment for its ro-ros
Etihad Rail, National Air Cargo Sign MOU Etihad Rail, the United Arab Emirates' national railway network developer and operator, has signed a memorandum of understanding with National Air Cargo, a New York-based multi-modal logistics provider, allowing the company to use the rail network for its transportation needs in the Middle East region. The agreement will see National Air...
Report: Vietnam Textile Sector Has Most to Gain From TPP Textile manufacturers with export production sites in Vietnam have the most to gain from the Trans-Pacific Partnership Agreement, according to a new report. The next round of TPP negotiations will take place next week in Bali, Indonesia, alongside the Asia-Pacific Economic Cooperation summit. The 12-country TPP negotiations are aimed at reducing...
Oakland Touts Deep Harbor in Marketing Push The Port of Oakland will leverage one of its greatest strengths, its deep harbor, and will improve its marine terminal productivity, in order to grow the port's cargo base, Executive Director Christopher Lytle said Thursday. "This port can handle some of the largest ships on the water - so large, in...
National Shipping of America Expands San Juan Service Port Everglades, Fla.National Shipping of America has expanded its Isla Verde Express service with the addition of a southbound call at Port Everglades in Florida. The expansion provides a connection between the U.S. mainland and Puerto Rico with a two-day transit time. Previously, the service, which was launched earlier this year,...
Crowley Launches Perishables Pilot Program in Florida Crowley Maritime has launched a new, six-month pilot program that allows for the clearance of cold-treatment perishables, such as blueberries and grapes from Peru and Uruguay, through South Florida, as an alternative to Northeast ports. The new pilot program was spearheaded by the Florida Perishable Trades Coalition, a nonprofit association developed...
Legislators to Froman: Put PNW Grain Dispute on TPP Table Several members of Congress have asked U.S. Trade Representative Michael Froman to use the Trans-Pacific Partnership Agreement talks to help resolve the months-long lockout of International Longshore and Warehouse Union grain workers in the Pacific Northwest by two Japanese grain conglomerates. The U.S. government is one of 12 member nations meeting...
Class 8 Truck Orders Rose in September North America's Class 8 net truck orders in September reached 19,777 units, up 29 percent year-over-year, but just 3 percent higher than August orders, according to FTR Associates' preliminary data. September is now the fourth consecutive month with Class 8 orders below 20,000 units, resulting in annualized orders for the six-month...
Q&A: Shipping Hazmat? Handle With Care Q: Must a broker or third-party logistics company have its people trained in hazardous materials to actually book a hazmat load with a carrier? To put it another way, can a broker employee book a hazardous load with a carrier that's hazmat-certified without that actual broker employee being himself or herself...
IAG Cargo Volume Declines 7.2 Percent International Airlines Group reported cargo traffic of 467 million metric-ton kilometers in September, down 7.2 percent from 503 million metric-ton kilometers of cargo in September 2012. From January to September, the merged British Airways-Iberia carrier handled 4.150 million metric-ton kilometers of cargo, a decline of 8.2 percent year-over-year. IAG Cargo's freight traffic...
Ship Attacks on the Rise Off West Africa When a German container ship, the City of Xiamen, was hijacked by pirates in April, it seemed to be just another incident that has become all too familiar in recent years. News of attacks by Somali pirates off the Horn of Africa, after all, had become common. But this attack...
Nectar Group, Portman India Form Port Management JV Nectar Group, a U.K.-based provider of port-related services, has entered into a joint venture with Portman India to offer port and terminal management services in India. Portman India and Nectar Portman will be a 50-50 joint venture, providing port promoters with professional services in design, development and operations of ports and...
Port of Chennai Receives Three Bids for Container Terminal Three organizations have responded to a request for qualification for the public-private partnership contract to build and operate a new container terminal at India's Port of Chennai, as the deadline for the first stage of the bidding process ended Oct. 1. The interested bidders include DP World and PSA International, two...
NY Port Still Dominates Despite Slight Cargo Shift to Rivals New York-New Jersey remains top dog among East Coast container ports, though smaller rivals are starting to chip away at its dominance. During the first seven months of this year, Virginia posted monthly year-over year increases ranging from 4.3 percent in January to 19.1 percent in July. New York-New Jersey showed...
Doing Business in a Changing China This report on China will provide a broad but comprehensive view of the logistics challenges facing foreign firms in China these days. After looking at the changing landscape of opportunities in China -- new regions; more focus on consumers -- the report will analyze the multiple challenges of managing logistics...
Maybank downs YZJ A Malaysian investment bank downgraded shares of Yangzijiang Shipbuilding (YZJ) this week based on a bet that optimism surrounding the recent wave of newbuilding orders may be overblown.
Norton Rose bags Berman Well known maritime-finance lawyer Brad Berman has become the latest recruit for Norton Rose Fulbright in its move on the US market.
Pump the brakes Tanker owners should beware of developing trends that could shorten or kill prospects of a market recovery in combination with overly aggressive newbuilding orders, a top refining executive warns.
DIV vies for 3 Maj Croatian shipyard Uljanik could yet have a rival for its 100% takeover of rival 3 Maj.
BW sells VLCC BW Maritime has sold a VLCC in a deal which looks to bode well for asset values in the sector, brokers say.
MAIB fuming over fumes A UK report has condemned "scant" procedures on board an Arklow Shipping cargoship following a gas leak in Northern Ireland that hospitalised nine men.
Hoegh clear to charter Hoegh LNG bondholders have approved changes to the terms of an issue that will free the owner to bring in six new ships on long-term bareboat charters.
Gdansk on the brink? The owner of Poland's Gdansk Shipyard has warned it risks bankruptcy unless fresh cash is pumped in.
Hoeghs hoover up stock Leif and Morten Hoegh have been busy this week buying up stock in Oslo-listed shipowner Hoegh LNG.
Raccoon's free ride A raccoon hitched a free ride from Canada to the UK onboard a container ship - but even in a low rate environment it will cost too much to send it back.
Shipping in focus There's still time to enter this year's competition, but some high-quality pictures have already rolled in...
Rokke slices OSG stake Norwegian magnate Kjell Inge Rokke has all but sold out of Overseas Shipholding Group.
Westling: charters key Stena RoRo is likely to order a new generation of reefers if it can put long-term contracts in place.
Gas boost for FRNT investors Frontline 2012 has paid out a chunky dividend after completing the purchase of shares in Avance Gas.
More for NYK? Japan's NYK has registered a bond sale worth a potential JPY 100bn ($1.02bn).
Stolt JV adds newbuild NYK Stolt Tankers has taken down the first of three options on newbuildings at Hudong-Zhonghua Shipbuilding.
Stolt's tanker milestone Improvements in the tanker and VLGC markets have helped Stolt-Nielsen to a stronger set of third quarter figures.
Cash pot for owners Nigeria has approved six domestic shipping companies for new ship financing worth NGN 40bn ($247.06m).
Pertamina orders 11 tankers Indonesia's Pertamina Shipping has kicked off its $2.46bn newbuilding drive with an order for 11 tankers.
Norilsk Nickel takes over Russian mining giant Norilsk Nickel is buying up the 48.09% of Yenisei River Shipping it doesn't already own.
CSAV seals bank loan Compania Sud Americana de Vapores (CSAV) has secured a loan to fund the remainder of its newbuilding programme.
TGP set to haul in $128m Teekay LNG Partners LP looks set to raise gross proceeds of at least $128m from its latest fund raising effort.
YZJ adds six more Yangzijiang Shipbuilding has secured orders for up to 12 VLOC newbuildings, according to brokers.
Pappas secures funds Petros Pappas has secured fresh funding for his new tanker shipping venture from US banking group CIT.
Zakher orders in China Zakher Marine International has gone a speculative ordering binge in China ordering up to six offshore newbuildings worth $350m.
CSAV gets loan for new ships The Chilean carrier said an agreement with six banks will finance 60 percent of the cost for seven 9,300-TEU ships and the other 40 percent will come from a capital increase of $330 million carried out by the company last month.
U.S. government shutdown: Day 3 The effect of the partial federal government shutdown is having an impact on businesses as many of the behind-the-scenes functions deemed "non-essential," but critical to commercial transactions, have ceased.
S. Florida import pilot for perishables gets underway A program to allow cold-treated blueberries and grapes from Peru and Uruguay to be directly imported to South Florida began Oct. 1 and area ports and businesses say it could be expanded to cover fruits from other countries.
Puerto Rico carrier adds Port Everglades call National Shipping of America, which in May started a fortnightly service between Houston and Puerto Rico, said it will add a southbound call to the Florida port, enabling it to offer fast transit from the mainland to the Caribbean island.
S.C. Public Railways consolidates under new name
WSC board members re-up for 2 years
C.H. Robinson joins CargoNet to bolster security efforts
Carriers seek additional rate hikes for Asia-Europe
Avails short in Fujairah Several suppliers were short of product and some were fully booked.
Prices show firm movements across Europe Congestion continues in Rotterdam.
Dual fuel ferry starts operations on the River Plate LNG powered vessel is the 'environmentally cleanest and most efficient high speed ferry in the world.'
Shipping firm issues public offering To support 'fuel-efficient' vessel acquisitions
Shipping companies will 'undoubtedly' cut slow-steaming Analyst's prediction comes as dry bulk sector sees rates improve.
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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