Oslo bonds head for a record 2013 But although the money is there, it is not necessarily cheap, say Norway's bankers
Will al-Shabaab turn to piracy? Somalia analysts disagree over links between militants and groups that attack shipping
ClassNK challenges DNV and GL on their home turf Ueda targets Europe to increase class society's proportion of overseas clients to 50%
Big Oil biteback Tanker owners deserve better treatment from their wealthy customers
Stability in Somalia may not end piracy Stable environment is likely to fuel activity, security experts argue
Disciplinary matter Prospects look promising for July rate restoration
Grand China unit re-emerges from debt waiver with stock hike Company resumes Shanghai trading with pledge to charter four boxships
Nobu Su launches $100m claims against ArcelorMittal and Valin Taiwan owner accuses steel firms of breach of contract after forced sale of VLOC
Nor-Shipping: US resists pressure to ease its environmental rules Washington has written regulations on ballast water, NOx and SOx into national law
Keppel shipyard lands $800m contract to build rig in Caspian Sea Yard sees opportunities for more business from oil and gas-boom region
Service firms down tools at Tanjung Priok Stevedoring and forwarding firms protest against state-owned port operator
Maersk joins Danish project to boost older boxships' fuel performance Trials seek double-digit improvement to high-speed vessels' fuel consumption
Carriers' push for third-quarter recovery is likely to be short-lived General rate increases come too late in the summer to have an impact, says Alphaliner
Chevron bookings keep aframaxes buoyant Mexico to US Gulf earnings sustain just under $20,000 per day
Rina joins forces with Russian register Partnership trades expertise on yachts for ice-class know-how
Pay your charter bills on time, Intertanko tells oil majors Our members are financing the energy chain, says Stanzel
Nor-Shipping: Merged DNV GL seeks to set the class agenda Mega-society warns fellow IACS members that it will push its own issues
DNB predicts record 2013 for Oslo shipping bonds Scope exists for both krone and dollar issues, says Haaland
Chemicals blamed for $4.8M Colombo blaze HAZARDOUS chemicals falsely declared as general cargo were the cause of a fire that destroyed a Colombo warehouse, a port inquiry has determined
Farstad sale-leaseback deal completed FARSTAD Shipping, the Oslo-listed offshore services shipowner, said today it has completed a sale and leaseback newbuilding deal with Ocean Yield
'Slightly negative' results seen for FESCO FESCO'S pre-tax earnings fell 4% to $48.4M in 1Q13, despite a rise in revenues of nearly 5% to $275M
Worker killed at India yard AUTHORITIES are today investing the incident involving a mechanical fitter who fainted and died while cleaning the tank of the dredger Omkara Prem, docked at Western India Shipyard
Tallink places notes TALLINK Grupp, the Estonia-listed cruise ferry company, said today it has placed 900M kroner ($155M) worth of senior unsecured five-year notes on the Oslo market
EPP expanding export docks PIPELINE company Energy Products Partners is developing two Texas export facilities on the Gulf of Mexico to exploit a rise of demand for refined products
NorShipping honours TOTE's dual-fuel box ship TOTE's 3100 dual-fuel box ship has won the 2013 NorShipping Next Generation Award
Tankers challenge MISC SOFT DEMAND for oil and chemical tankers was seen today posing further challenges for Malaysia's MISC, even as its 1Q13 core profits exceeded expectations
BW becomes VLGC leader BW GAS's acquisition of Maersk Tankers' VLGCs will make it the world's biggest VLGC operator
Russians, RINA close deal RINA Services of Italy and the Russian Maritime Register of Shipping today unveiled a co-operation deal on ice-class ships and yachts
Hubline sinks to losses MALAYSIA'S shipowner Hubline Berhad said today it lost 31M ringgit ($10M) in its quarter ended 31 March, as four of its older vessels were scrapped
VLGC rate surge expected BROKERS are today expecting an upturn in VLGC rates, as vessel availability falls in the Persian Gulf because owners are opting to ballast to the Gulf of Mexico to seek better rates
Layups seen if box rise fails BOX LINERS will be forced to lay up significantly more vessels if the general rate increase sought in July is widely rejected, a senior shipping analyst has warned
Strike hits Jakarta shipping WORKERS have walked out at Jakarta's Tanjung Priok box terminal, accusing government-owned operator PT Pelindo II of exploiting a monopoly
Developing nations gaining shipping influence SHIPPING'S focus is increasingly moving toward developing economies, Norwegian Shipowners' Association president Trond Kleivdal said in opening the 24th Nor-Shipping exhibition
Japan's Imports Jumped in April Japan's imports and exports through April 2013; year-over-year change Full-size image Japan's import volume saw month-to-month and year-over-year increases in April 2013, according to Japan's Ministry of Finance. Import growth has been consistent for the past 6 months. Japanese imports were valued at 6.659 trillion yen (about US$67.1 billion) in April 2013, up...
Groundbreaking Ceremony Held for CSX Intermodal Terminal in Quebec A new intermodal terminal in Perron Industrial Park in Salaberry-de-Valleyfield, Quebec, is moving forward, following a groundbreaking ceremony. The ceremony was attended by representatives from CSX and its transportation and intermodal terminal subsidiaries, as well as officials from the City of Salaberry-de-Valleyfield and the province of Quebec. Construction on the $107 million...
CaroTrans, Multifreight Consolidator System Team Up CaroTrans, a non-vessel-operating common carrier, has partnered with Multifreight Consolidator System, an NVOCC in the Philippines market, to offer less-than-containerload and full containerload import and export cargo services between North America and the Philippines. A direct, weekly service to Manila, the Philippines, departed from Long Beach, Calif., on May 24, with...
Teamsters Appeal US Court Ruling on Mexican Trucks The International Brotherhood of Teamsters has requested a rehearing on its challenge to the Department of Transportation's cross-border trucking program between the U.S. and Mexico. Last month, the U.S. Court of Appeals for the D.C. Circuit upheld the legality of the pilot program to open U.S. borders to Mexican trucks. The...
Canadian Guidelines Issued for Development Near Railway Operations The Railway Association of Canada and the Federation of Canadian Municipalities have unveiled land use guidelines and a website intended to promote best practices and awareness about the issues associated with developments near railway operations. The document, called Guidelines for New Development in Proximity to Railway Operations, was launched as part...
Port of Los Angeles to Develop Energy Management Program The Port of Los Angeles will develop an energy management action plan to improve and assess energy efficiency at the container port. The E-MAP, the Los Angeles Department of Water and Power, marine terminal operators and other stakeholders will help the port identify, develop and implement various programs to improve energy...
Coots Joins Dunavant Trans Gulf as Marketing, Business Development Director Bethany Coots, Dunavant Trans Gulf's new director of marketing and business development.Dunavant Trans Gulf has hired Bethany Coots as director of marketing and business development. Coots will be based at Dunavant Trans Gulf's La Porte, Texas, office. She is the second major hire in the last 30 days, following Jim Lange,...
JOC Lists ACX Pacific Northwest as Top Hay Exporter For the third straight year, ACX Pacific Northwest has been listed as the No. 1 exporter of alfalfa and grass hay in The Journal of Commerce's Top 100 U.S. Exporters list. ACX exported 52,400 20-foot-equivalent units in 2012, representing almost 700,000 tons of long fiber forage, which excludes sales by ACX...
Tompkins International Names McKnight President Tompkins International announces changes to its senior management.Tompkins International has promoted Denny McKnight, former executive vice president of supply chain consulting services, as its president. McKnight will be responsible for executive management of the logistics company's daily operations. He will be succeeded by Dale Harmelink, former partner in charge of operations,...
Central Ohio's FTZ Handled Record Volume in 2012 The Columbus Region in Ohio reported a 138 percent year-over-year increase in the amount of goods admitted to Central Ohio's Foreign Trade Zone No. 138 in 2012, according to the Columbus Regional Airport Authority, the grantee of FTZ No. 138. Furthermore, the volume of goods admitted into the zone last year...
Wanted: Crystal Ball to Foretell July 1 GRIs The outlook for the success of the freight rate increases the major ocean carriers have announced for July 1 on many global trade lanes is decidedly mixed. With the overcapacity of vessel space still hanging over all trades, will these new attempts to get rates up fare any better than...
3Gtms and Tompkins International Partner to Provide Transportation Management Systems Solutions to Strengthen Supply Chain Management SHELTON, Conn., and RALEIGH, N.C. - 3Gtms, a developer of a best-of-breed suite of transportation management systems (TMS) products, and Tompkins International, a globally recognized leader in supply chain consulting and services, are partnering to deliver TMS solutions that meet the expanding needs of mid-market companies today. "It's clearly important...
Behrens-Sørensen Named to NOL Group's Board NOL Group has appointed Tom Behrens-Sørensen to its board of directors. Behrens-Sørensen will join the board on July 1 and serve as a member of the executive resource and compensation committee and the enterprise risk management committee. He is a shipping veteran with more than three decades of international experience. His career...
US Senate Bill Would Beef Up Customs Operations Sens. Max Baucus, D-Mont., and Orrin Hatch, R-Utah, Senate finance committee chairman and ranking member, respectively, have introduced a bill to strengthen trade facilitation and enforcement efforts of the U.S. Customs and Border Protection and Immigration and Customs Enforcement. The Trade Facilitation and Trade Enforcement Reauthorization Act of 2013 reauthorizes Customs...
Canada's Biggest Ro-Ro Ship Launched in Germany The Oceanex Connaigra's launch from the Shipbuilding Hall at Flensburger Shipyard.The Oceanex Connaigra, the largest Canadian-flag roll-on, roll-off ship, was launched in Flensburg, Germany. Representatives from Oceanex were in attendance for the naming ceremony and launch of its newly constructed 210-meter-long (about 689 foot) vessel. Following the launch, the ship was hauled...
SinOceanic in Sale/Charter-Back Deal for Container Ship SinOceanic Shipping ASA signed a $154.4 million sale and charter-back deal for a 13,100-TEU container ship as part of a refinancing of one of the Oslo-based company's subsidiaries. The subsidiary, SinO1, is selling the MSC Vega to Grand Indus Shipping and will charter back the vessel for 15 years. The charter...
Nordic moves a cold 20 million pounds of cargo Savannah, Ga. - June 4, 2013 - After just over a month in operation, Nordic Cold Storage has moved tens of millions of pounds of refrigerated cargo through the Georgia Ports Authority's Garden City Terminal. Nordic welcomed state officials and the media to a tour Tuesday of its state-of-the-art storage and blast...
Ryder Named a Food Logistics Top Green Provider MIAMI--(BUSINESS WIRE)--Ryder System, Inc. (NYSE: R), a leader in supply chain, warehousing, and transportation management solutions, today announced it has been named one of 2013's "Top Green Providers" by Food Logistics. The "Top Green Providers" list focuses on sustainability in the global food supply chain with profiles of companies who are exceeding industry...
Heidmar hits trifecta Two crude carriers and a long-range-one (LR1) products tanker have enrolled in pools operated by Heidmar.
Soanes quits Braemar Veteran S&P broker and well known face of UK-stocklisted Braemar Seascope (BS) Quentin Soanes is widely rumoured to have resigned along with his two sons to set up a rival outfit with other former brokers from the London shop.
Doing it our way It's a case of new name, same strategy at DNB following the promotion of Kristin Holth to head its shipping business, she tells TradeWinds WebTV.
Summer spike Farstad Shipping is looking for the present high in the spot market to drive earnings over the next two to three months.
Qingdao lines up IPO China's Qingdao Port Group has revived long held ambitions for an initial public offering.
Offshore needs innovation The next generation of offshore vessel orders will demand both new technical and commercial thinking, but will also push shipowners to be more innovative and versatile in their approach.
Power of three A lack of bank deals coupled with interest from traditional owners and new investors is helping to force up asset prices, according to Lorentzen & Stemoco.
Victory for Seven Viking A vessel operated by Subsea 7 and Eidesvik has picked up the Ship of the Year award at Nor-Shipping in Oslo.
Supply ship rates soar A shortage of PSVs in the North Sea has seen daily earnings rise 43% on Tuesday.
Moody's backs BW buy Moody's Investors Service has given cautious approval to BW Group's acquisition of 10 VLGCs from Maersk.
Japan double confirmed Japan's K Line and domestic oil firm Inpex have put pen to paper on a pair of LNG newbuildings at compatriot yards.
Crustaceans curtail cruise A Celebrity Cruises ship has been barred from the Galapagos Islands because it had 12kg of frozen lobster tails on board.
Creditors force rethink Woori Bank is said to be reconsidering plans to offload a stake in troubled STX Corp.
Passive aggression Banks thinking about moving on assets which are under water in today's depressed market should avoid being too aggressive, DVB says.
Man lost from VLOC A search has been launched for a crewman who fell overboard from a China Shipping VLOC off Vietnam.
JES finance chief quits Singapore-listed shipbuilder JES International Holdings is looking for a new financial chief following the departure of Liu Weiyun.
Azeris pick Keppel Singapore's Keppel Offshore & Marine has won a rig building contract in Azerbaijan.
Phoenix charters scrapped Owners of four bulkers on charter to struggling Chinese owner CSC Phoenix have scrapped the deals due to unpaid hire fees.
Dof does it again Norway's Dof group has won more work in the southern hemisphere for two of its offshore ships.
Class societies link up RINA and the Russian Maritime Register of Shipping (RS) have agreed to co-operate on specific projects which may lead to closer ties.
Brodosplit axes 3,000 More than 3,000 workers at Croatia's Brodosplit shipyard are being made redundant.
Ferry breaks free A Norwegian ferry has lodged on an embankment after breaking its moorings.
Yard worker dies A worker has died of suffocation inside a dredger at Western India Shipyard (WIS).
Kang vows to succeed STX group chairman Kang Duk-Soo has pledged to stabilise operations as it restructures.
Seajacks targets Asia Seajacks has opened a representative office in Japan with a view to targeting the offshore wind market in Japan and Asia.
Sevan offloads duo Sevan Marine has agreed to sell two unfinished cylindrical hulls to a new company run by deputy chairman Arne Smedal.
HUBLine scraps feeder HUBLine, the Malaysian intra-Asian liner operator, has reportedly sent an elderly containership for demolition.
Washington Notebook: DOT selects experts for Freight Advisory Committee
New tankers could be run on LNG Four, 50,000 DWT Jones Act product tankers being built by General Dynamic's NASSCO shipyard in San Diego for American Petroleum Tankers will be "LNG-conversion-ready". Construction of the first tanker is scheduled to begin in 2014.
Maersk announces rate hikes
CaroTrans enters Philippines partnership
Expeditors poised for strong second half Customers have said they will start shipping more during the second half of the year, and analysts think Expeditors International will pick up on some of the business that left their company when they were getting undercut on pricing.
CSX breaks ground on Quebec terminal The $107 million, 89-acre terminal, which is expected to open in 2015, will connect the Montreal area and greater Quebec with CSX's U.S. rail network. The Quebec Ministry of Transportation provided $6 million for the project.
Sanitary supply firm signs with Descartes for route planning
New ship design aimed at intra-Asian trade Germanishcher Lloyd has designed a ship called "C-Dragon" that has design layout features considered to have an effect on container movement times. The ship is designed to have capacity of 3,736 TEU.
Dan-Bunkering hires new bunker trader Soren Emil Dam has been employed as a bunker trader in the company's head office in Middelfart.
Middle East hub sees prices rise Good demand in Fujairah.
Prices climbing with distillates making biggest gains But Hamburg presents a more mixed price picture.
Tanjung Bin terminal gets second phase investment JV partner MISC expects terminal to become substantial part of its business.
Shipyard reports new order for fuel saving LNG carrier Weight reduction and hull line improvement help cut fuel consumption.
ICS: Switch to LSFO a 'very serious concern' 'Expensive environmental regulations were conceived in a different world,' says chairman Masamichi Morooka.
IFO prices gain in Asian trade Except in Hong Kong.
Avails of LSFO set to increase Hyundai Oilbank has confirmed that it will be supplying low sulphur product in South Korean hub port.
Vitol to market physical supply operations under one name Move will 'enable clients to benefit from a single point of contact.'
High water keeps inland shipping off rivers Levels falling on Rhine but rising on Danube.
'Voyage optimisation tool' upgraded 'Voyage optimisation' is a low investment approach to high bunker costs.
Oceanex reports progress on energy-efficient newbuild Oceanex Connaigra will use 30% less fuel than comparable size ships, says firm.
Port of Long Beach gives Green Flag/Green Ship awards Port awards 20 firms for employing environmentally friendly practices.
New dual-fuel marine engine to enter market in 2014 The M34DF will be capable of running on LNG, says Caterpillar Marine Power Systems.
US to start 'fly-over' monitoring for ECA compliance Trials will start over the upper Chesapeake Bay area.
Coscon issues bunker adjustment factor BAF covers trade from Far East and Indian sub-continent to Europe and the Mediterranean.
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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