CMA CGM's 16,000 teu expansion linked to Offen dispute settlement French line back in growth mode as it confirms another three ultra-large boxships
Marine Money: Cheap money from Oslo bonds may fuel 'stupid' investment Banks need to be more flexible in tenor, pricing and inter-creditor agreements
Why the human element is critical Safe ship operation not only needs competent people, but also 'usable' ships and systems
Software firm targets cost overruns in shipbuilding contracts Northern Ireland's 8over8 believes it has the solution to shipbuilding contract management
British Columbia blocks Northern Gateway pipeline Rejected oil-spill response thwarts shipments of Canadian crude exports to Asia
Arctic riches to pay off for heavylift Infrastructure to develop drilling projects spurs BigLift Shipping to invest in ice-class
Claus-Peter Offen product tanker charter takes the market by surprise CPO France is fixed at $27,000 per day for just 35 days
To own or not to own? Some containership operators prefer to own most of the ships in their fleet. Others want to be asset-light. What is the thinking behind each strategy?
Freight Forecaster: U.S. capacity concerns This month's analysis of the likely impact of supply and demand on freight rates covers key trade routes focused on North America, and reveals that carriers are facing a difficult utilisation scenario. Damian Brett reports
Nor-Shipping: Norway's export credit agency favours safety and crew competence Giek says retreat in bank lending brings transfer of power to influence deals
The hard sell Safety is not negotiable in the battle for class dominance
Smart money Frontline 2012 keeps ordering with gusto
China Rongsheng Heavy Industries secures insurance deal with Sinosure Group hopes to solidify its ability to grow
Independent Tankers loses $1.8m Daily earnings fail to rise significantly for Frontline subsidiary
Frontline 2012's newbuilding fleet increases in value Improvement justifies newbuilding spending spree, says Fredriksen outfit
GL pitches design for more efficient intra-Asia workhorse High ratio of on-deck to total teu capacity means less time spent in port
Nor-Shipping 2013: China is playing politics over green rules, say IMO insiders Country exploits its developing nation status for commercial gain, say critics
STX Pan Ocean asked to clarify stance on court protection Stock exchange sets a deadline amid reports that Korea Development Bank has rejected emergency funding plea
König to keep German focus, says new US owner Recapitalisation will leave existing managers in control
U-Ming Marine Transport reports 66% drop in profit Dry bulk firm adds capesize tonnage to its fleet despite the segment's low rates
Nor-Shipping: Korean Register pushes for class expansion of over 10% Class society will target tonnage from competitors alongside newbuilding growth
CMA CGM aims lower for rate rise French carrier announces $775 per teu Asia-Europe hike
Asia-Europe container traffic flatlines Weak westbound trade offset by better European export numbers
Intermodal havoc to linger in soaked Europe FLOODING will be causing several days of intermodal snarls for exporters and importers at Rotterdam and Antwerp
Proposal would ease US ballast reporting BALLAST reporting burdens for foreign crews might be eased under a proposed change in US rules
Polish yards merging POLAND'S northwestern ship repair yards Gryfia and MSR were reported today to be merging
Eurotunnel to appeal UK ban EUROTUNNEL said today it will appeal the UK Competition Commission's ban on Dover/Calais ferry services by its MyFerryLink unit
Permanent go-slow for whales proposed RULES requiring ships to slow for whales off the US East Coast might become permanent
US crude imports slide THE PACE of decline for US crude imports is accelerating, according to Energy Information Administration data
Tokyo, Seoul halt US wheat imports JAPAN and South Korea have temporarily halted imports of US wheat after they said inspectors found genetically modified wheat in a cargo
China importing more iron ore from S Africa CHINA'S iron ore imports from South Africa have been surging as Beijing seeks to cut its dependence on Australia and Brazil for supply of the steelmaking ingredient
U-Ming profits dive 66% TAIWAN'S box carrier U-Ming Marine Transport today recorded profits of NT$197.53M ($6.62M) for 1Q13, a 66% year on year drop
CSSC wins $13Bn in bank financing CHINA State Shipbuilding Corp said today it has won 80Bn yuan ($13Bn) in financing from China Development Bank
FESCO shuffles chiefs FESCO'S CEO Yury Gilts has been replaced in Russia
Port Hedland iron ore to China rises 21% CHINA imported 21% more iron ore in May from Port Hedland in Australia than April's total, the port authority said
Jaya seals PSV charters JAYA Holdings, Singapore's offshore vessel builder and owner, said today it has secured long-term charters for three of its four platform supply vessel newbuildings
Boa completes notes issue NORWAY'S Boa Offshore said today it has completed an issue of 75M kroner ($13M) under a programme of three-year notes
Tanger Med would join ECA TANGER Med would join an emission control area if the IMO expands its proposed northern European ECAs to include the Mediterranean
ANA, JAL Cargo Volumes Up Japan's All Nippon Airways Co. (ANA) said that its international cargo volume rose for the second straight month in April on a year-on-year basis, increasing 6.7 percent to 47,696 tons. But ANA's domestic cargo volume fell for the first time in two months in April on a year-on-year basis, dropping 1.7...
Australia Reports Third Consecutive Trade Surplus Australia reported its third consecutive monthly trade surplus in April, at A$28 million (approximately US$26.8 million), according to data released by the Australian Bureau of Statistics. Compared with the previous month, which had a surplus of A$555 million, imports in April increased and exports fell slightly. The value of monthly agricultural exports...
US Steel Exports Sagged in April U.S. steel exports in April were 1.0 million tons, declining 5.3 percent from 1.1 million tons in the previous month and 10.7 percent compared with April 2012, according to government reporting. "Other than a small increase in exports to Mexico, U.S. steel exports declined to all major markets and most minor...
Study: Agribusiness Logistics in Brazil 'Very Difficult' According to a new Rabobank report on agribusiness logistics in Brazil, 2013 is likely to be a "very difficult" year, as a result of pressure on Brazil's transportation and export system. The report, published by the bank's food and agribusiness research and advisory team, shows that transportation costs in the country...
Report: Port Metro Vancouver Handles 19 Percent of Canada's Trade Port Metro Vancouver in British Columbia handles C$172 billion (approximately US$167.5 billion) of cargo each year, or about C$475 million every day, according to the port's 2012 Economic Impact Study. The study, which was completed by InterVISTAS Consulting, showed that the port moves 19 percent of Canada's total trade by value, and...
Class 8 Truck Orders Remained Stable in May Preliminary net orders for Class 8 trucks totaled 23,300 units in May, basically flat compared to the previous month, according to ACT Research. "May typically represents the start of the slower order season for Class 8," said Kenny Vieth, president and senior analyst of ACT Research, in a written statement. "As...
Trifleet to Manage Tank Containers for Textainer Textainer Group Holdings and Trifleet Leasing have signed an agreement under which Textainer will invest in new intermodal tank carriers to be managed by Trifleet, marking Textainer's entry into the tank container market. Trifleet will acquire and lease the tank containers - which are used to transport and store liquid foodstuffs,...
Singapore Expands Green Ship Program On July 1, Singapore's Green Ship Program will be expanded to recognize Singapore-flag ships that adopt approved sulfur oxide scrubber technology that goes beyond existing International Maritime Organization's emissions requirements. The expansion of the program, part of the Maritime Singapore Green Initiative, was announced by the nation's minister for transport at the...
Maher Alters NY Hours for Computer System Upgrade Maher Terminals will implement the final phase of its terminal operating system at the Port of New York and New Jersey this weekend (of June 8), and as a result, will be altering its schedule. All truck gate operations will close at 6 p.m. on Thursday, June 6, and the terminal...
US Manufacturing Activity Contracts The PMI Composite Index registered 49 percent for May 2013, according to the Institute for Supply Management. Ten of the 18 manufacturing industries saw growth in May. ISM Manufacturing: PMI Composite Index through May 2013 Full-size image The current rate is 1.7 percentage points below April's index of 50.7. This puts it below...
Mexican Intermodal Traffic Up for First Time in Weeks Mexican rail volumes through June 1, 2013 Full-size image Mexican intermodal volume rose 5.3 percent year-over-year in the week ending June 1, following six weeks of declines, according to the Association of American Railroads. Volume also increased by 2.2 percent from the week before to 10,060 units. Combined North American carload volume, including all...
California's Merchandise Export Trade Slips California's merchandise export trade in April totaled $13.07 billion, up from $13.03 billion in exports reported in April 2012, according to an analysis by Beacon Economics of foreign trade data released by the U.S. Commerce Department. As a result of inflation, however, the state's merchandise export trade in April actually slid...
CMA CGM to Boost Asia-North Europe Rates Starting July 1, CMA CGM will raise rates in its trade from Asia to North Europe. The increase will be $775 per 20-foot-equivalent unit for dry, out-of-gauge, paying empties, breakbulk and refrigerated cargo, the container line said. Maersk Line, Hyundai Merchant Marine, Mediterranean Shipping Co., Hapag-Lloyd, OOCL and United Arab Shipping Co....
HMM's Asia-North Europe Rates to Jump on July 1 Hyundai Merchant Marine will boost rates on its trade from Asia to North Europe, effective July 1. The hike will be $1,000 per 20-foot-equivalent unit and $2,000 per 40-foot-equivalent unit, the container line said. Maersk Line, CMA CGM, Mediterranean Shipping Co., Hapag-Lloyd, OOCL and United Arab Shipping Co. have also planned Asia-to-North...
Jefferies Group Sees Maersk Earnings Threatened Jefferies Group has predicted Maersk Line may report losses at the end of this year, as the container line's proposed freight rate increases have been failing. Maersk's earnings could miss consensus estimates by about 30 percent in 2013, as the second and fourth quarters could be losses, according to the financial firm's...
Is Marad's Ship Finally Coming In? For the first time in years, there are some favorable winds blowing for the Maritime Administration and the U.S.-flag fleet. Those gusts come as many criticize the agency for being lulled dangerously close to the doldrums of irrelevancy, as the U.S.-flag fleet has seen its numbers, work force and guaranteed cargo...
ICS Chairman Warns of Costs of Environmental Regulations Potential costs to global shipping of new environmental regulations, 2015-2025. Source: International Chamber of Shipping. Full-size image Speaking to delegates at the opening of the Nor-Shipping event in Oslo, Norway, Masamichi Morooka, chairman of the International Chamber of Shipping, said that impending environmental legislation will cost the shipping industry more than half a...
Qatar Airways to Start Milan-Chicago Freighter Service Qatar Airways will launch a new freighter service between Milan and Chicago in July, doubling the Middle Eastern carrier's cargo capacity out of the U.S. The twice-weekly service, operated by Boeing 777 freighters, will start on July 3. The new service will add about 200 tons of additional weekly capacity to the...
Q&A: Profiting From a Loss? Q: I attended one of your claims seminars a few years back, and I remember enough to get into trouble but can't recall where I've seen what I'm thinking of. We're a consultant and freight bill auditor. One of our clients has a claim involving a lost/damaged shipment, about $1,000. The...
Super-sized manager? Roberto Giorgi believes the world's largest third-party shipmanager could potentially double in size.
Banks get busier Thome boss Olav Eek Thorstensen expects banks to take control of an increased number of vessels during the coming year.
Prices are right Svein Moxnes Harfjeld believes depressed freight rates have opened the door for DHT Holdings to grow its fleet over the next six months or more.
MOL under siege US Marshals have arrested a supramax bulker controlled by Mitsui OSK Lines (MOL) of Japan.
Saevik shares his views Havila CEO discusses recent takeovers, the spot spike and how Arctic activity will help the market.
No newbuildings, for now Herbjorn Hansson says NATs will not be ordering tankers....unless he changes his mind.
WW lines up buys Wilh Wilhelmsen ASA is looking to invest in both new and second hand tonnage following a whistle-stop visit to the bond market this week, its CEO says.
BDI back from the brink A five point improvement has saved the key Baltic Exchange dry cargo index from dropping below the 800 mark.
More capes for CSE Taiwan's China Steel Express has signed up for more bulkers in Japan, including two capesize newbuildings.
"We are buyers" Ridgebury Tankers is looking to invest in modern second hand product tankers following its $200m injection from private equity firm Riverstone.
First into the red Taiwan's First Steamship has fallen to a loss in the opening three months of 2013.
Order spree to go on John Fredriksen's Frontline 2012 has no plans to put the brakes on its recent ordering spree.
Matrix I crew freed West African pirates have released five Pakistani crewmen snatched from a Greek tanker two weeks ago.
Frontline 2012 falls to red John Fredriksen's Frontline 2012 has fallen into the red in the first quarter of the year as charter rates fell away.
ITC cuts loss John Fredriksen's Independent Tankers Corporation (ITC) has reduced its first quarter loss, but is facing growing risks from low spot rates.
Fesco tops a billion Far-Eastern Shipping Company (Fesco) has sold more bonds in Russia, following up its first international issues earlier this year.
Murmansk sells NRSL Murmansk Shipping Company (MSC) has sold its general cargoship and multipurpose subsidiary Northern River Shipping Lines (NRSL).
Jaya wins $60m deals Jaya Holdings has found work for three platform supply vessel (PSV) newbuildings and marked its entry into the growing Latin American market.
"Scrap mafia" moves in Organised gangs are cutting chunks of steel from the derelict bulker Black Rose off India as its removal appears no closer to being realised.
Eurotunnel barred France's Eurotunnel has been banned from operating two MyFerryLink ro-paxes from Dover for 10 years.
CSSC borrows more China State Shipbuilding Corporation (CSSC) has secured another huge state-backed loan.
Coal proves the saviour Increased cargoes of steam coal look to have prevented 2012 being much worse for the dry bulk sector, according to Drewry.
Reefers eye thaw Greece's Laskaridis Shipping is planning to boost its use of the Northern Sea Route (NSR) through the arctic this summer.
Atwood seals hat trick Atwood Oceanics has added almost $1bn to its revenue backlog after tying up charters for three of its rigs in the past week.
Globeco makes dry dash Italian owner Mariano Pane has made a move into bulkers with a deal at AVIC Weihai Shipyard in China.
WIS death "natural" An autopsy has revealed an Indian yard worker died from a heart attack, not suffocation, as he entered a dredger tank.
Thoresen confirms deal Thoresen Shipping has confirmed that it was behind the purchase of a modern Japanese supramax bulker sold earlier this week.
Epic back in Japan Epic Pantheon International Gas Shipping has returned to Japan to order another pair of small LPG carriers.
Fund buys into Clarkson Clarkson has seen a third investment fund take a significant stake in the shipbroker in as many months.
GL targets Intra-Asia Germanischer Lloyd has unveiled a new design of containership specifically targetted at the Intra-Asia trades.
Reasons to party? As the great and the good of the industry gathered onboard the Christian Radich for the TradeWinds party at Nor-Shipping one question united them all. What next?
Coos Bay railroad signs 10-year deal The agreement with the Oregon International Port of Coos Bay, signed last week, is to run the 134-mile railroad. CBR has been running revenue freight trains on the line since October 12, 2011, under an interim agreement.
Japanese retailer buys U.S. logistics firm
FCA use grows as shippers seek more control "FOB has been the default shipping choice for years, primarily because companies didn't have offices in Asia or boots on the ground to arrange and track trucking and shipping," said an executive with Ryder.
ICS: Green regulations could cost $500 billion
House to preserve funding for port security grants The amendment to the Department of Homeland Security Appropriations Act would maintain funding for the Port Security Grant program. Last year, Congress appropriated $97.5 million for the program, a quarter of 2009's amount.
Kings Point names advisory board U.S. Transportation Secretary Ray LaHood named seven people to the board of the U.S. Merchant Marine Academy, which has been rocked by a series of controversies in recent years.
Brightoil to add three barges to China ports in July Barges each have capacity to transport 7,000 metric tonnes of bunker fuel.
IFO prices falling in Middle East hub Average demand, despite public holiday in UAE.
Frontline 2012 defends newbuild programme 'Historically low contracting costs and the fuel efficiency' will leave company well positioned.
Rotterdam prices sluggish But other ports register gains.
Switch to LNG 'will be cost efficient', says tanker operator LNG engines will provide 'a more environmental friendly and fuel efficient ship'.
ECA planned for Turkish Straits and Maramara Sea Turkey has adopted MARPOL Annex VI and is serious about reducing ship emissions.
European ECA boundary should be extended Local population needs protection from 'vessels belching out emissions banned inside Europe.'
Fuel oil stocks climibing in Singapore Market has been struggling to digest 'large volumes of high viscosity and high density product'.
New supplier enters Istanbul market SOCAR Marine began operations this week.
New warning over ECA threat to US cruise industry 'We could see an exodus of ships.'
Asian bunker prices lack direction Offices in Busan were closed on public holiday.
New Europe/Asia head at Dan-Bunkering Carsten Ladekjaer to be based at the firm's headquarters in Middelfart, Denmark.
Clean Marine bags scrubber order for AET tanker duo Systems able to meet the current pH limit for washwater discharges.
Controversy in Maldives over bunkering for US Navy 'We cannot allow them to make the Maldives a destination in which to refuel their ships,' says Minister.
MPA details benefits open to ships with scrubbers Singapore-flagged vessels will get a rebate on tonnage tax.
DNV:Changing vessel's bow saves fuel Successful work on older ship should encourage owners to follow.
Tesoro starts Kapolei refinery layoffs Search for a buyer for plant ongoing.
More powerful version of LNG dual-fuel engine launched New version of engine will increase interest in product, says Wartsila.
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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