NewLead delisting risk intensifies MICHAEL Zolotas-led NewLead Holdings faces a key hearing after missing a NASDAQ deadline to regain compliance with the minimum bid rule
Los Angeles port boss to retire GERALDINE KNATZ will retire as executive director of the Port of Los Angeles, America's largest container port
Box Ships prices PPE follow-on offering NYSE-listed Box Ships today priced its latest perpetual preferred equity offering at a discount, raising $8
EC backs tonnage tax status quo THE EC has decided to maintain the EU tonnage tax scheme in its present form after a lengthy review of shipping aid rules today applied by member countries
Leading Chinese yards take 96.5% of orders ALTHOUGH Chinese yard orders have increased, nearly all of them are being handled by its biggest such facilities, leaving small and mid-sized yards to struggle
DSME to build jumbo FSRU MITSUI OSK Lines said today the world's largest FSRU, part of its deal unveiled yesterday with GDF Suez, would be built at South Korea's Daewoo Shipbuilding & Marine Engineering
Cebu collision owners fined ENVIRONMENT authorities in central Philippines are demanding that the owners of the vessels involved in the fatal Cebu collision pay a fine of about 41
Drybulk lull recovering from Chinese holidays DRYBULK chartering has resumed after the week-long National Day holidays in China reduced activity in the past few days
Chinese paraxylene demand bucks global trade THE GLOBAL chemical shipping market continues to be mostly passive, in contrast with the Gulf of Mexico/Asia trade, which has been supported by paraxylene and styrene monomer demand in Asia
Ocean Carrier Rate Revision Roundup for Oct. 4 Major container lines have announced planned rate increases for Asia-related trades, as detailed below, slated to take effect in October and November. Asia-Europe Three carriers have planned rate increases for Nov. 1: Hapag-Lloyd is looking to increase rates on its trade from East Asia, excluding Japan, to North Europe and the Mediterranean by...
New Orleans Prepares for, Monitors Tropical Storm Karen Cargo operations at Port of New Orleans terminals continued uninterrupted Friday, despite the closure of Southwest Pass at the mouth of the Mississippi River in anticipation of effects from Tropical Storm Karen. The port has implemented Phase II of its hurricane preparedness plan, said Gary LaGrange, president and chief executive of...
US Imports Face 'Catastrophic' Delays If Shutdown Lasts WASHINGTON - Import cargo delays at U.S. ports of entry will become "catastrophic" if the partial government shutdown lasts more than two weeks, an international trade attorney said on Friday. Importers and exporters whose shipments require paperwork from federal agencies - namely the Environmental Protection Agency, the Food and Drug Administration, the...
Re Mega-Ships: Shippers See New Round of Supply Chain Instability The wisdom of ocean carriers' relentless orders for large new container ships is a debatable point, but there's no denying that big ships and mega-alliances among carriers are here to stay. That's the message Frank Baragona, president of CMA CGM (America), delivered at the South Carolina International Trade Conference in September...
Spain and Japan to Streamline Customs Procedures Spain's Barcelona harbor.The governments of Spain and Japan have agreed to streamline their customs procedures to facilitate trade, ensure compliance and exchange information on new customs procedures. Specifically, the deal allows the customs authorities from the two countries - the Ministry of Finance in Japan and the Ministry of Finance and...
Freightliner Makes 'Support' Run at London Gateway A full Freightliner train departing London Gateway.Freightliner has run its first service out of London Gateway to collect import containers destined for the Midlands in England. The rail freight operator responded to a call for "urgent support" at the U.K.'s new deep-sea port, which is not yet operational, to load boxes...
Gypsy Moth Egg Masses Found on Car Carrier CBP agriculture specialists and ship's crewmen discovered 27 egg masses of the highly destructive Asian gypsy moth on the car carrier Columbia Highway.A U.S. Department of Agriculture laboratory has confirmed that 27 egg masses of Asian gypsy moths were discovered on a freighter in Baltimore, and again during the ship's...
North American Intermodal Traffic Continues Upward Trend North American intermodal volume for the week ending Sept. 28 was up 3.4 percent year-over-year, according to the Association of American Railroads. This marked three months of increases, with the most recent week of decline being June 29. North American rail volumes through September 28, 2013 Full-size image Combined North American carload volume for the...
Port of Mumbai's Cargo Traffic Slides Cargo throughput at India's Port of Mumbai slid 4.5 percent year-over-year in the first half of fiscal year 2013-14, according to the port authority. Total tonnage from April to September was estimated at 27.6 million tons, down from 28.8 million tons in the same period last year. The port authority said...
600 Jobs at Risk in Ro-Ro Appeal, Eurotunnel Says Eurotunnel, the Anglo-French operator of the rail tunnel across the English Channel, warned that it could be forced to eliminate 600 jobs if it loses an appeal against a U.K. order to cease its roll-on, roll-off shipping service between Britain and France. The U.K. Competition Commission in June said Eurotunnel's entry...
Knatz to Retire From LA Port Post at Year-End Geraldine Knatz, general manager of the Port of Los Angeles, announced Thursday that she will retire at the end of the year. Knatz, who was the first-ever female executive port director in Los Angeles, said that after 42 years of service in the Southern California maritime industry, she decided to retire...
Port of New Orleans Prepares for Tropical Storm Karen Port of New Orleans terminals will continue scheduled operations Friday, despite the impending closure of the Mississippi River at Southwest Pass because of potential effects from Tropical Storm Karen. The Associated Branch Pilots, the pilots that guide ships through the mouth of the Mississippi River, will cease operations at 6 a.m....
SwissMarine in cape charge SwissMarine has taken its second capesize bulker in three days on a period deal.
Samoa defends sale The Samoan government has defended its decision to sell off a controlling stake in liner company Pacific Forum Line (PFL).
Scorpio Bulkers in IPO Scorpio Bulkers is set to join big brother Scorpio Tankers on the New York Stock Exchange.
Same again for Box Ships Greek owner Box Ships has kept to the same price for its follow-on offering of redeemable preferred shares.
India bars Anglo-Eastern India has suspended the licence of ship manager Angle-Eastern after surveys of a Mercator aframax were delayed and certificates allowed to expire.
ACM to measure up ACM Shipping has been tipped to keep pace with last year's showing when it reports its first half results.
Licence revoked An Indian casino ship has been towed away by India's Goa government in a debt row.
Fund swells Hoegh stake US hedge fund Fairview Capital Investment has emerged as a major investor in Oslo-listed shipowner Hoegh LNG.
Chemical brothers split Shipping Corp of India (SCI) is pulling out of its chemical tanker joint venture SCI Forbes.
MLC snares eight The Paris MOU has revealed that the introduction of the Maritime Labour Convention (MLC) has resulted in 12% of all ship detentions in its first month.
What price a comeback? TradeWinds digests the digits making the headlines this week.
Ferry clash owners fined PSACC and 2Go must pay for oil spill after fatal Philippines smash.
Drillship dream Italian shipbuilder Fincantieri is hoping for an offshore breakthrough with its new drillship design.
RABT aims for $27m Sweden's Rederi AB TransAtlantic (RABT) is counting on investors to buy new shares to boost its finances.
Back in the big league? Peter Georgiopoulos is set to catapult his General Maritime back into the top bracket of VLCC owners if he completes a $1bn takeover of the Maersk Tankers fleet.
Ktistakis pleads guilty Former fugitive Greek shipowner Lucas Ktistakis has admitted tax fraud in a US court.
More for Box Ships Greece's Box Ships is paying off more debt by kickstarting another share sale.
Would you care to dance? We take a look at what was said in the market over the past week.
Westport in demand Westport Holdings planned initial public offering (IPO) is said to have drawn strong demand from professional investors.
Itochu walks away Itochu and Vitol are reported to have ended talks about the Japanese trading house taking a major stake in a new US LPG export terminal.
Fredriksen orders rigs John Fredriksen has increased his tally of jack-up drilling rigs on order in China, it emerged Friday.
ITOPF picks Sorensen Hanne Sorensen has been named as the new chairman of the International Tanker Owners Pollution Federation (ITOPF).
Pirates sent down Eleven men have been convicted in the Seychelles for acts of piracy including attacking a Eastern Mediterranean-owned aframax.
Saltchuk plans new yard Puget Sound on the US west coast could see a new deepwater shipyard developed under plans unveiled by Saltchuk Resources.
Buyer beware Newbuilding prices and orders are on the rise at shipyards in China but some market analysts believe the trend will be short lived.
ACE, export licenses impacted by government shutdown Products subject to export control licensing and development of CBP's new automated system for processing imports and exports are among the casualties of the U.S. government's partial shutdown caused by congressional stalemate.
Port of Los Angeles chief Knatz to retire "After 42 years of dedicated service to the maritime industry here in San Pedro Bay, I have decided to retire as executive director of the Port of Los Angeles and pursue other interests," said Geraldine Knatz in a statement.
Accenture acquires Procurian in $375 million deal
As ICAO votes on emissions cap, EDF cautious Assembled parties have been debating the issue during the event, which ends Friday, weighing the options on the table and formulating a sufficient policy to satisfy EU regulators, who tried to address the issue with an emissions-trading scheme.
New bank aimed at shipping market A team of shipping, offshore and finance professionals have announced plans to establish Maritime & Merchant Bank (M&M), a niche financial institution, based in Norway, that will serve the shipping and offshore industries.
Weekly global market report A weekly price round up from bunkering hubs around the world.
Fuel prices end week on low note Demand was said to be poor in Houston on Friday.
Scrubbers 'better overall' than using MGO, says DFDS Company responds to queries about why it is not participating in Gothenburg's low-sulphur fuel compensation scheme.
Bunker prices in the Middle East show little change Cape Town IFO prices in double-digit rise.
Mixed outlook across European ports Single digit losses in Rotterdam as congestion persists.
New reefer design launched New vessel has a number of fuel-saving features.
Rosneft in two million metric tonne fuel oil deal BP secures major deal with Russian oil giant.
Asian bunker prices end week mixed Tepid demand reported across most key ports.
Gibraltar launches bunker marketing offensive Sector has been facing criticism from Spain.
Supplier adds ship-to-ship service in Russian Far East Bunkering now available for vessels working cargo.
New orders for eco ships likely to increase, says bank Bank research points to 'structural switch' in orders for new ships.
Brightoil: FY 2013 'challenging' for bunker division Focus on growing bunker sales volumes remains unchanged.
NOT to expand coverage with Singapore office Singapore will be a 'springboard' to develop other operations, says Norwegian Oil Trading.
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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