Carnival Corp seals ECA accord CRUISE giant Carnival Corp today announced a deal with regulators to comply with Emission Control Area rules using extensive scrubber installations
Storm forecast for container lines ALTHOUGH spot freight rates in container trades rose slightly in early August after a general rate increase by many lines, they fell for most of the rest of the month and a storm seems to lie ahead, a senior shipping analyst said
Maersk to sell DFDS AP Møller-Maersk said today that it had begun the sale of its 31.3% shareholding in Danish ferry operator DFDS
G6 cancels two voyages THE G6 Alliance said today it has cancelled two Asia/Europe voyages in the first week of October, during China's weeklong National Day holidays
Frontline 2012 exceeds placement target FRONTLINE 2012 said today it has raised $225M in gross proceeds by completing its private placement of 34.1M new ordinary shares
3.3Bn yuan lent for Changxing scheme SHANGHAI'S land reservation centre obtained 3.3Bn yuan ($534.8M) loan with a four-year term to develop Changxing Island, China Galaxy Securities said
DNV sees GL integration before October NORWAY'S classification society DNV said it expects to complete its combination with Germany's GL before the end of this month
APM selling its 28% stake in DFDS DENMARK'S shipping giant APM is selling its 4.65M shares that make up 28% of the equity in listed Danish ro-ro and logistics group DFDS
Changhang Phoenix to abandon newbuilding SHENZHEN-listed Changhang Phoenix will abandon a bulker being built at a compatriot yard, incurring losses of 52.1M yuan ($8.4M), a bourse filing from the company said today
Oman, Iraq step up crude cargoes to China BOTH Oman and Iraq posted growth exceeding 30% y/y on crude cargoes to China over January-July, China's General Administration of Customs said
Offshore groups clinch deals SINGAPORE-listed CH Offshore and Malaysia-listed Alam Maritime and Daya Material Berhad have clinched charter deals for offshore support vessels
China's Hedland iron ore imports rise by 33% IRON ORE imports to China from Australia's Port Hedland, the world's biggest bulk terminal, climbed to 22.3M tonnes in August, the Port Hedland Port Authority said
Panamax box ships diverted to regional work INTRA-Asia and Chinese domestic container trades are likely to be served by more Panamax box ships, which are increasingly being pushed out of long-haul trades, shipbroker Howe Robinson said
HMM invests in logistics business in China HYUNDAI Merchant Marine has expanded into the logistics business, with the opening of a container facility in Qingdao, China
Cheap Chinese steam coal reduces imports COAL cargoes to China are lagging even though the country's stockpiles are falling
Trucking Executives Charged With $26 Million Fraud Three former USA Dry Van Logistics executives may face up to 20 years in prison and fines for allegedly defrauding lender GE Capital of more than $26 million. A six-count indictment charged Sergio F. Lagos, Aurelio Aleman and Oscar Barbosa with wire fraud in a scheme to defraud GE Capital by...
TIGER Funding for Ports, Rail Increases, But Future Grants Uncertain WASHINGTON - Port and freight rail projects got a larger share of the Department of Transportation's TIGER grants this time around, but the future of the politically contentious program is uncertain. About $148 million, or 31 percent, of the $474 million in grants through Transportation Investment Generating Economic Recovery program will...
Australia's Trade Balance Swings to Red In seasonally adjusted terms, Australia had a goods and services trade deficit of A$129 million (about US$141.3 million) in July, after posting a A$243 million surplus in June, according to the Australian Bureau of Statistics. Between June and July, in seasonally adjusted terms, exports of goods and services credits rose A$54 million...
TIGER Grants Awarded to 52 Transportation Projects About $474 million from the U.S. Department of Transportation's Transportation Investment Generating Economic Recovery 2013 discretionary grant program has been awarded to 52 transportation projects in 37 states, U.S. Transportation Secretary Anthony Foxx announced. Among these grants, 25 projects funded at $123.4 million will be designated for projects in rural areas...
CMA CGM Rights the Ship Rodolphe SaadeCMA CGM is building a war chest. The French ocean carrier has nurtured its debt-ridden balance sheet back to health and is raising capital to guard against future down cycles in what promises to be an increasingly volatile environment for the container shipping industry. After coming close to bankruptcy in...
Maersk Selling DFDS Stake A.P. Moller-Maersk is selling its 31.3 percent stake in DFDS, a Danish shipping and logistics company, in a further divestment of non-core assets that will raise around 1.7 billion krone (about US$303 million). Maersk acquired the DFDS stake as partial payment for Norfolkline, its U.K.-based roll-on, roll-off carrier, in 2010 in...
Q&A: Gambling on Errors and Omissions Q: We are simply "truck brokers." We currently aren't providing customers with supply chain strategies, freight auditing, complete freight management, freight forwarding or any of the larger menu items of the third-party logistics industry. For those reasons, and because of the great expense, we haven't seen a reason to buy "errors...
FMCSA Gives Brokers Deadline for Surety Bond Property brokers and freight forwarders will have 60 days from Oct. 1 to comply with a controversial new $75,000 surety bond requirement, the Federal Motor Carrier Safety Administration said in a Federal Register notice today. Last year's transportation spending law set an Oct. 1 deadline for brokers and forwarders to obtain...
G6 Alliance Cancels Two Asia-Europe Voyages in October Members of the G6 Alliance have canceled two voyages scheduled for early October, as a result of vessel maintenance and a national holiday week in China. The void sailings will be made on the eastbound EUM service, connecting Asia and the Mediterranean, in week 41, with an estimated time of departure...
Sequestration Could Cut Up to 15 Merchant Marine Vessels The U.S. Merchant Marine could lose up to 15 vessels, dealing a blow to mariners who operate the vessels, if federal sequestration cuts take effect next fiscal year, according to a maritime trade union. The Maritime Administration told maritime union officials that the billions of dollars in funding cuts to federal...
High Rail Costs Restrict Grain Exports From West Coast The high cost of shipping Midwest grain by rail to the West Coast is restricting containerized grain exports to Asia, according to a Cargill executive. Union Pacific Railroad last year opened a grain transload facility in Yermo, Calif., and the Port of Long Beach intends to build a transload facility at...
QuestaWeb Doubles Its Foreign Trade Zone Customer Base in 2013 Clark, N.J. -- September 4, 2013 -- QuestaWeb, Inc. (www.questaweb.com), a premier provider of Web-based, integrated Global Trade Management (GTM) solutions, announced today that the firm's Foreign Trade Zone (FTZ) Division doubled its customer base in 2013. The division, founded in 2009 to meet the specialized compliance needs of companies employing...
Southeastern Freight Lines' Florence Service Center Celebrates 60 Years of Service LEXINGTON, S.C. (Sept. 3, 2013) - Southeastern Freight Lines, the leading provider of regional less-than-truckload (LTL) transportation services, is celebrating 60 years of quality without question service from its Florence, S.C. service center this September. Originally opened in September of 1953, the Florence service center, located at 1421 West Darlington St., features...
Kuehne + Nagel offers logistics services for TOM TAILOR Moscow / Russia, September 04, 2013 - TOM TAILOR GROUP, an international fashion and lifestyle company and one of the key players in the European fashion sector, has awarded Kuehne + Nagel with a contract for logistics services in Russia. For the TOM TAILOR GROUP Kuehne + Nagel will provide transport...
Global Forwarding's Logistics Specialist Actively Serving Military Obligations MANALAPAN, N.J., September 4, 2013 - Global Forwarding, a leading freight forwarding company, recently announced that their Logistics Specialist, Nicole Richardson, is serving active military obligations. She will be taking a temporary leave of absence from Global Forwarding to fulfill important US military duties. Ms. Richardson, who will be receiving special...
Port Logistics Group Named a "Top 100 3PL" by Inbound Logistics HOUSTON, August 14, 2013/PR Newswire/ -- Port Logistics Group, the nation's leading provider of gateway logistics services, today announced that it has been named a "Top 100 3PL" by Inbound Logistics magazine for the second consecutive year. This year's Top 100 3PLs were selected from a pool of more than 300 companies. Each year,...
Expedo's 'new confidence' Expedo Shipping of Monaco has enrolled another long-range-one (LR1) products tanker in a pool controlled by US operator Heidmar.
Craig inks Spanish sextet Scotland's Craig Group has signed up for six more emergency response and rescue vessels (ERRVs) in Spain.
Flex LNG holder sells A major investor has exited Flex LNG just days after the company announced it had resolved a long-running legal dispute with shipbuilding giant Samsung Heavy Industries.
Happy ending for Avondale? A leading private equity firm appears to be closing in on an order for up to eight medium-range (MR) products tankers that has the potential to alter the course of the US shipping industry.
CMA CGM in at Mipo CMA CGM has confirmed a newbuilding order for three 2,100-teu containerships in a deal likely to be the renegotiation of an older contract.
Desh Shanti to be freed Iran has ordered the release of an Indian suezmax held since mid-August in a pollution row.
STX banks seek quick fix Creditors in control of STX Offshore & Shipbuilding plan to sell the company after normalising operations under a new chief executive officer, according to local news reports.
Otto cements order Singapore-listed shipbuilder Otto Marine has secured construction contracts for five cement carrier newbuildings.
Coeclerici's coal coup Italy's Coeclerici Group has beefed up its trading arm with the takeover of Germany's Dako Coal.
The moment of attack A jihadist group has released footage showing the RPG attack on the Cosco Asia in the Suez Canal over the weekend.
Dayang adds one Malaysian shipowner Dayang Enterprise has moved for an offshore support vessel newbuilding at compatriot yard Shin Yang Shipyard.
Dirty work The potential for a sustained rally in the large-range-one tanker (LR1) market may be limited because a large swathe of the fleet is trading in dirty markets, according to a report by brokerage Charles Weber.
Fredriksen cleans up Frontline 2012 has raised $225m from a private placement of shares that turned out to be very popular with investors.
Ktistakis faces tax trial Former Greek bulker owner Lucas Ktistakis has been brought back to the US to face tax fraud charges, after more than 10 years as a fugitive.
Nordic buys Theresa Denmark's Nordic Tankers has bought a products tanker chartered in by sister company Herning.
Tanker master held The captain of a UK tanker attacked by pirates in July has since been stuck in a Togo jail for allegedly conspiring with the gunmen.
Manx launch delayed A new Isle of Man shipping line is still waiting to launch as talks continue over buying a con-ro vessel.
Maersk to offload DFDS AP Moller Maersk is looking to offload its near one-third stake in compatriot ferry operator DFDS, it emerged Thursday.
Ningbo loss lessens Bulker owner Ningbo Marine has cut its loss in the first half of 2013 as revenue stayed stable.
Arnet ups BWO stake BW Offshore senior management has spent close to $750,000 in recent days to buy shares in the FPSO operator.
Smart bunkers removed Bunkers have reportedly been removed from the stricken capesize bulker Smart which ran aground off South Africa last month.
DNV's profit doubles Det Norske Veritas (DNV), the Norwegian classification society, has made a strong financial start to the year.
Kampala fire out Maersk Line says a fire aboard one of its post-panamax containerships has largely been extinguished.
EGLE leads share rally Shares of Eagle Bulk Shipping led the rally in Times Square Wednesday with a gain that many are attributing to renewed confidence in the future of the dry-bulk market.
Report says ship was attacked in Suez Canal with RPGs Nexus Consulting of Alexandria, Va., said the attacks were carried out by a terrorist group calling itself Al-Furqan and its followers are "seeking to disrupt the canal with extreme means, including deadly force."
UPS to buy 2 Costa Rican partners The world's largest package delivery company said that by having more control of the Costa Rican operations it can better connect the Central American country's shippers to its global transportation network.
MIT study gives small business expansion test
Port Freeport gets $19.6 million in berth settlement
Groups urge IMO action on weighing containers Improperly weighed boxes present safety hazards for ships, their crews, other cargo on board, workers in port facilities handling containers, and on roads. These containers also lead to incorrect ship stowage and accidents.
Norbert Dentressangle signs up with fashion firm
Scrubbing the need to burn low-sulfur fuel
DNV exceeds targets in 1H
Descartes' profitability run continues The Waterloo, Ontario-based company has been profitable for 35 consecutive quarters, with CEO Art Mesher saying its operating margin has surpassed projections, and it has cash to invest in further acquisitions.
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