London Gateway lands SAECS service Consortium of Maersk Line, Safmarine, MOL and DAL to switch UK calls from Tilbury in November
Evergreen quits Thamesport for Felixstowe But MacAndrews gives Thamesport the thumbs-up
Owners warned over uncredited certification bodies offering armed guard standard UK is only country currently policing firms wishing to offer international standard
TEN hints at second LNG carrier move by year's end Greece-based owner remains confident of charter for enlarged newbuild
Beijing releases three-year plan to expedite shipbuilding restructuring Details of scheme's implementation remain sketchy
Port states launch ship propulsion and machinery inspection campaign Steamship Mutual P&I Club issues warning circular on inspectors' targets
UK Royal Navy takes the lead in saving fuel New system saves energy costs, reduces maintenance and cuts airborne viruses
Singapore LNG imports swell City state will grow into its role as an Asian LNG shipping and trading hub
Angola LNG may yet disappoint Maintenance shutdowns hamper new export plants
G6 declares end of the line for Asia Black Sea Express Last sailing for the ABX service will be MOL Performance from Ningbo on August 30
Horizon stems flow of red ink Carrier's net loss trimmed to $900,000 in second quarter by reducing drydocking and fuel costs
Interview: Rehberg Eckhardt, CDU/CSU maritime representative Member of parliament explains the reasoning behind Germany's new armed guard rules
Security industry questions flag state regulatory 'strain' Division on whether states should go beyond the international standard requirements
Evergas to take over Solvang's stake in disputed joint venture Jaccar-controlled gas carrier will own 100% of venture formed in 2009
China Merchants takes four VLCC options at compatriot yards Two vessels each for Dalian Shipbuilding Industry Co and Waigaoqiao
Teekay acquires Awilco LNG carrier Option for second vessel
China, Russia bar NZ milk powder cargoes CHINA and Russia have halted milk powder cargoes from New Zealand and Australia, NZ's trade minister said, because a bacterium that can cause botulism was found in some dairy products
Evergas buys out Solvang stake EVERGAS, the Copenhagen gas carrier group, said today it has agreed to take over Norwegian JV partner Solvang's stake in their ESE venture
Horizon whittles losses JONES ACT box carrier Horizon Lines cut losses in its latest quarter as the group continues to recover from financial and legal problems
China's steel sector loses $113M CHINA'S iron and steel industry reported aggregate losses of 699M yuan (about $113M) in June, the China Iron & Steel Association said
Golar books FSRU NASDAQ-listed Golar LNG said today it has found work for Golar Igloo, the only uncontracted FSRU newbuilding left on its roster
China's shipping groups fall short of 'A' grades COSCO was among the Chinese shipping giants that failed to achieve an 'A' rating in the 2012 annual performance evaluation of China's central enterprises
Modec wins FPSO deal JAPAN's floating production systems contractor Modec said today it has won a contract to convert a VLCC into an FPSO
OSG hints at split-up OSG HAS hinted that its Chapter 11 reorganisation might take the shape of a "potential separation of certain business lines"
Awilco, Teekay close LNG deal TEEKAY LNG Partners said today it has signed a deal with Oslo-listed Awilco LNG to acquire a 155,900m³ newbuilding gas carrier, with an option to acquire a second ship
Box ship stranded off Myanmar SALVORS are today travelling to a box ship stranded with engine failure Mananung Island, Myanmar
JES lands $20M loan SINGAPORE-listed JES International said today it has secured a $20M loan facility, with the option for another of up to another $20M
New Container Terminal Opens in Sri Lanka A new container transshipment terminal that aims to compete with hubs in Singapore, the Middle East and India opened Monday in Sri Lanka. The $500 million Colombo International Container Terminal is 85 percent owned by operator China Merchant Holdings International, which is working to build it into a transshipment hub for...
Brooklyn Stevedore Accepts Outside Monitor Stevedoring company American Maritime Services of Brooklyn has become the first company to accept monitoring by an independent private sector inspector general under an anti-racketeering program authorized by the Waterfront Commission of New York Harbor. American accepted the monitor under a settlement agreement in order to avoid a potential license challenge...
FreightCar America Slips Into the Red FreightCar America reported a net loss of $3.4 million in the second quarter of 2013, compared with a profit of $5.6 million in the second quarter of 2012. Quarterly revenue for the freight railcar manufacturer was $47.1 million, plummeting from $181.2 million in the same period last year. Revenue from the...
Zim to Launch New Central America Service Zim Integrated Shipping Services will launch a new service, Balboa Central America Express, which will connect ports on the west coast of Central America with the carrier's Container Service Pacific via the Port of Balboa, Panama. The new service will operate two vessels on a weekly basis with the following rotation:...
Panama Canal's New Lock Gates to Arrive Mid-Month The third set of locks has departed from Italy, where they were manufactured.The first four new gates for the Panama Canal's third set of locks are scheduled to arrive in Panama from Italy on Aug. 19, 2013. The third set of locks has a total of 16 rolling gates, eight for...
CBP Announces Partnerships for New and Expanded Services WASHINGTON- U.S. Customs and Border Protection announced today that it has made preliminary selections for five new public-private partnerships and is continuing progress on an additional existing project. These six projects in California, Florida and Texas are designed to support growth in cross-border trade and travel. The Consolidated and Further Continuing Appropriations...
Integrity Logistics Celebrates 25 Year Anniversary with Huge Employee Outing at Skamania Lodge WILSONVILLE, OR - Integrity Logistics is celebrating a quarter of a century in business with a weekend outing for employees and spouses at world-class Skamania Lodge Resort in Stevenson, Washington this weekend. In addition to a golf tournament, employees will be able to choose from a number of activities that includes...
SDV Attains Two More Notable Awards The past few months have been very memorable for SDV as the global 3PL was recognized for their sustainability efforts and first-class worldwide services by Inbound Logistics magazine. June marked the announcement of SDV being selected as a 'Green Supply Chain Partner'. SDV was recognized for their continued efforts of sustainability...
Boskalis acquires EUR 80 million dredging contract in South Korea Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract by Daewoo E&C for the dredging and reclamation of new land for Songdo International City on the waterfront of Incheon, South Korea. The total value of the contract amounts to approximately EUR 80 million. The project consists of reclamation of new...
Carton board challenges wood as the base for transport packaging Industries in all parts of the world are now thinking of replacing traditional transport packaging solutions made of wood and plywood with almost equal products made of substantially lighter and easily recyclable paper board. The spearhead developer and manufacturer of pallets and transport boxes as well as other transport packaging solutions...
NRF Says Retailers Hurt by NY-NJ Port Delays Retailers are feeling a "negative economic impact" from congestion at the Port of New York and New Jersey and are anxious for the delays to abate before the start of the pre-holiday peak shipping season, the National Retail Federation says. NRF President Matthew Shay sent a letter to the Port Authority...
Decline in Suez Canal Container Ship Transits Slows The number of container ships passing through the Suez Canal experienced a drop of roughly 4 percent year-over-year in the second quarter of 2013, the smallest decline in six quarters. The canal has seen year-over-year decreases for the past seven quarters, but the pace of the decline has slowed for...
Logwin's Revenue Slid in First Half of 2013 The Logwin Group reported its revenue in the first half of 2013 was €622.8 million (about US$824.6 million), sliding from €652.7 million in the same period in 2012. The drop was driven by lower freight rates in Logwin's air and ocean segment, as well as location closures and the disposal of...
Bunker Fuel Prices Continue to Inch Up Bunker fuel prices - Rotterdam Full-size image Spot prices for bunker fuel rose slightly in the week ending Aug. 2, according to daily BunkerVision price data via international marine fuel oil broker LQM Petroleum Services. This was the fifth consecutive week of increases for high sulfur bunker fuel and the fourth for low...
G6 Alliance to Modify Asia-Europe Coverage The members of the G6 Alliance will modify their trade routes between the Far East and the Black Sea and eastern Mediterranean, starting in week 36. The last sailing for the ABX service will be the MOL Performance, with an estimated time of arrival in Ningbo, China, on Aug. 30. All port...
South African Trade Value Growth Exceeds 10 Percent South Africa's imports and exports through June 2013; year-over-year change Full-size image The value of both South Africa's imports and exports grew more than 10 percent year-over-year in June 2013, according to preliminary trade statistics from the South African Revenue Service. For the past five months, imports and exports have shown consistent...
Port of Dover's Cross-Channel Traffic Rises 11 Percent England's Port of Dover reported its traffic in the cross-Channel freight market in the first six months of 2013 rose 11 percent compared to the same period last year, although the Eurotunnel's truck volume dropped 7 percent. From January to June, the Port of Dover team and its ferry partners have...
Capital lines up offering Capital Product Partners of Greece is lining up a follow-on equity offering in which it hopes to raise the cash needed to acquire three containerships from its sponsor.
Hitting the gas New York-based Scorpio Tankers is once again proving it doesn't waste time when it raises fresh equity in the capital markets.
Ridgebury scoops suezmax Ridgebury Tankers of the US has been tipped as the buyer of a suezmax under construction at Samsung Heavy Industries in South Korea.
Farstad's fixing frenzy Norway's Farstad Shipping has revealed charters for 11 ships in the southern hemisphere worth NOK 350m ($59m).
Deutsche debt shredded Freeseas has firmed up a deal with Deutsche Bank and an alternative investment firm which writes off a $30m debt for the bulker owner.
Filling the finance bucket Golar LNG's likely drop-down sales of two FSRUs to spin-off Golar LNG Partners (GMLP) will add to its newbuilding funds.
TEN still spinning Tsakos Energy Navigation is getting its ducks in a row to launch an MLP in late 2013 or early 2014, its CEO says.
G6 axes Black Sea run The G6 Alliance of boxship owners is replacing its ABX loop to the Black Sea with a new service.
Three for Pac Basin Pacific Basin has purchased three vessels from Sojitz Marine of Japan in the latest phase of its expansion drive.
Golar wins again Oslo-listed Golar LNG has won its second FSRU contract in a week.
SHI shy on prices Samsung Heavy Industries has warned investors not to get too carried away with hopes of newbuilding price rises.
China's three-year plan The Chinese government has revealed a plan to boost the domestic shipbuilding industry over the next three years - starting with a halt to all new yard projects.
VLs in demo scrap Iranian-linked VLCCs cause a stink following scrap sale into India and Bangladesh.
MOL Comfort box leaks A gas tank washed up in India from the sunken MOL Comfort has started to leak.
Gladys gets a tow An Indonesian boxship is to be towed to Bangladesh following a grounding off Myanmar.
Funding plug sparks Awilco Awilco LNG shares were running hot today after a sale-and-leaseback deal with Teekay removed the Oslo-listed owner's funding headache.
Boskalis bags EUR 80m Royal Boskalis Westminster has won a dredging contract worth EUR 80m ($106.37m) in South Korea.
Kaiser the sole chief Billionaire George Kaiser has taken full control of FLNG specialist Excelerate Energy.
Yard rampage Four people have been wounded and property damaged as workers attacked offices at a Wilmar shipyard in Indonesia.
Evergas in exit deal Evergas has struck a deal with Solvang to take full control of a joint venture just weeks after the separation was announced.
CMES inks four more VLs China Merchants Energy Shipping (CMES) has continued its newbuilding push by declaring four VLCC options at domestic shipyards.
JES gets cash injection Chinese shipbuilder JES International Holdings is poised to secure a fresh injection of funds as it battles for survival.
Hosco VLCCs sold Chinese shipowner Hebei Ocean Shipping Co (Hosco) has reportedly sold two of its modern Chinese-built VLCCs.
TGP grabs Awilco ship Awilco LNG has agreed a sale-and-leaseback deal with Teekay LNG Partners for its first LNG carrier newbuilding.
Atlantic in the money Atlantic Navigation continues to see a strong performance in 2013 reporting a 53% increase in second quarter net profits.
Suez safety fears Shipowners have been warned to be on their guard during transits of the Suez Canal in the wake of the political upheaval in Egypt.
Genting trims NCL stake Genting Hong Kong plans to sell a 5.6% stake in US-listed Norwegian Cruise Line Holdings regulatory filings show.
NEWSFLASH: EU approves US Airways, American merger AMR Corp. and US Airways Group have received permission from the European Commission for the $11 billion merger of American Airlines and US Airways conditional upon the release of a daily slot pair at Heathrow Airport.
Changes in Asia-Black Sea services
Deringer to use Kewill Customs platform
House panel to try moving WRDA bill next month
Jasper County, S.C. demanding action on port project The county has been promoting development of the Jasper Ocean Terminal for many years on the north bank of the river, on land that was used by the Georgia Ports Authority for disposal of dredge materials.
U.S. agencies issue new rail oil guidelines The order, which results in enforcement actions if railroads fail to comply, specifies that cars transporting hazardous materials can't be left alone on mainline tracks. The agencies also issued rules regarding hand brakes on cars.
Drewry sees liner companies going 'asset light' "As ocean carriers' financial results are not expected to improve significantly before 2016, leasing will continue to grow, thereby creating opportunities for new financiers to enter the market," the London-based consultancy said.
Horizon slashes losses
Railroad cost of capital decreases
International Shipholding gets boost from Jones Act acquisition
MASkargo starts priority service
SEKO developing proof of delivery smartphone app
WTO sides with U.S. over China's chicken import duties A dispute settlement panel agreed with the United States, finding that China violated numerous WTO obligations in conducting its investigations and imposing antidumping and countervailing duties on U.S. chicken imports.
Prices head down in Fujairah Markets soft in South Africa.
Prices soften across Northwest Europe Quiet markets in Rotterdam and Hamburg.
Gibraltar/Spain tensions could hit bunker players Reports from Spain say naval patrols could 'control bunker activities'.
Gunvor secures $900 million credit $500 million deal to finance German refinery and $400 million credit to finance Middle East oil product trading activities.
Changes at Compass Marine Fuels Further communication should go via director.
WFS: Volume growth not linked to more risk Company risk profile 'has not increased' although bunker demand is 'slack' says CEO.
Bunker prices mostly strengthening across Asia Except in Singapore, where prices were lower.
Engine maker confident about handling methanol Not worried despite lack of experience or trials of methanol as fuel for ships.
STX: Confusion surrounds 'cash flow' loan Much-needed cash injection could be wishful thinking.
China calls for scrapping of inefficient vesssls 'We still have a lot of old and fuel-intensive vessels in the market.'
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