Somali piracy has not gone away, says Hinchliffe Pirates have changed tactics in Indian Ocean but they are still a threat to shipping, warns ICS secretary-general
Salvors seek better equipment and systems for Arctic shipping ISU calls on experts developing polar code to make towing brackets and oil recovery systems mandatory on all ships
Agreement on search and rescue is key Shipowners keen to look at either voluntary or mandatory reporting systems as ice melt allows activity outside Russia's exclusive economic zone
Russia warned over decision to drop NSR ice class requirements Drive to attract larger dry bulk shipments in the northern sea route sees Russia plan for transit of vessels with no ice class notation
Pondering the Polar Code A set of rules to help stipulate the shape of Arctic shipping is taking too long to be finalised
Historic moment for LNG as Umm Slal docks in Singapore Delivery by Qatari vessel set to spark new trade lane in region
MISC reported to have sold two VLCCs as tanker business slumps Malaysian owner hampered by low freight rates and overcapacity
Global commons, please The LR, Quinetiq and Strathclyde study offers a cautionary tale of a protectionist future
Potential for chaos as Europe ponders tighter supply chain security rules Container lines, shippers and forwarders are becoming increasingly alarmed about plans for a new European Union advance cargo information regime and the way it may be implemented
Box lines urge Europe to re-think cargo screening rules World Shipping Council spells out risks of over-complex freight data requirements
Crystal clear As Lloyd's Register produces its Global Marine Trends 2030, the growth in Asian prosperity is evident
German transport minister backs shipping Tax breaks and subsidies will continue, Ramsauer confirms
Ceva Logistics downgraded by S&P Despite a rise in revenue, Netherlands-based company missed scheduled interest payments
Global Marine Trends 2030: suezmaxes to suffer as VLCCs get an Asian boost Lloyd's Register report maps out the energy shipping sector's future
Los Angeles completes 10-year dredging project Port's main channel deepened to enable it to handle super-post panamax boxships
Global Marine Trends 2030: bigger boxships with Intra-Asian growth to dominate Lloyd's register report shows Intra-Asian transhipments will grow at a faster pace than Europe
Lloyd Fonds books $3m annual loss Extraordinary general meeting due on Wednesday
Global Marine Trends 2030: emerging nations to reap benefits of next shipbuilding boom South Korea seen as in danger of falling behind
Damco expands in Cambodia AP Moller-Maersk arm opens second container freight station warehouse
Jebel Ali now ready for multiple 18,000 teu boxships Dredging project will allow 10 Triple-E size vessels to berth simultaneously
Global Marine Trends 2030: setting three scenes Researchers look at potential shipping trends from 2010 to 2030
Global Marine Trends 2030: one-off incidents that could affect global trade Predictions warn of major disruptive forces that could have a profound impact on shipping
Global Marine Trends: China to own more than a third of world's merchant tonnage by 2030 Lloyd's Register-led forecast for future marine trade paints positive outlook for maritime trade as economies grow
Global Marine Trends 2030: Asia to take lion's share By 2030, the region's economic dominance will be assured, but a protectionist future would greatly curb its potential for maritime trade growth
Chinese cargo boom seen multiplying through 2030 SEABORNE trade from China is likely to increase markedly by 2030, a report published by three UK organisations predicted today, giving the country ever more importance in shipping
Paragon returns to NASDAQ MICHAEL Bodouroglou-led Paragon Shipping has confirmed that it will switch back from the New York Stock Exchange to NASDAQ later this month
'Very poor return', but box profits return SLIM GAINS, but profits nonetheless, returned to the box sector in FY12, which sparked mild optimism from a London-based consultancy
PEMEX agrees to oil cargoes to China MEXICO has agreed to export 30,000 barrels per day of crude to China for two years beginning this month, IHS World Markets Energy reported today
HOSCO ship arrested in US AN ARREST warrant has been issued for the HOSCO-owned bulker Hebei Shijiazhuang in Norfolk, Virginia, over allegations of unpaid bunker bills
STX O&S confirms orders from Teekay and Norden STX OFFSHORE & Shipbuilding today confirmed that Teekay Tankers has ordered four 113,000dwt Aframax tankers
Singapore investment rises for LNG schemes TEMASEK Holdings, the investment vehicle of the Singapore government, has set up a company to tap growing LNG demand in the Asia Pacific
Fund mulls STX Pan Ocean acquisition A PRIVATE equity fund led by Korea Development Bank has taken the first steps towards acquiring a controlling stake in STX Pan Ocean, the country's biggest drybulk carrier
Indian Ocean route unveiled TAIWAN'S Evergreen Line said it plans to start a new Indian Ocean service with United Africa Feeder Line, beginning later this month
Profits rebound seen for Chinese box liners CHINA'S box carriers will return to profits in 2Q13, a survey by Shanghai International Shipping Institute has predicted
ASL contests claim over BLT asset SINGAPORE-listed ASL Marine Holdings said it will "vigorously challenge" a Batam court order restricting transfer of ownership or lease of a BLT asset
LCL Logistix Launches India-Europe Service LCL Logistix has launched a new less-than-containerload groupage service from India to the Baltics and the Commonwealth of Independent States. The service operates from LCL Logistix's container freight station in India's Nhava Sheva container port, using weekly sailings to Klaipeda, Lithuania's Baltic port. On arrival, containers are transferred to the capital,...
Kansas City Southern Partners With Mexican Steel Industry Kansas City Southern has partnered with CANACERO, the national chamber of the iron and steel industry in Mexico, to prepare for the growth of the Mexican steel industry and develop strategies for dealing with international markets. "The growth of near shoring has created new automotive and appliance factories in Mexico," said...
Days Long Ship Delays Reported at Hong Kong's HIT Strikes by dockworkers for better pay and conditions at the Port of Hong Kong have now entered their 13th day with little sign of resolution. Shipment delays to and from Hong Kong are ongoing as productivity at facilities run by Hongkong International Terminals - a subsidiary of global port giant Hutchison...
Google, LinkedIn and Adobe to Focus on Revenue Generation at TMSA Conference PRINCETON JUNCTION, N.J. - The Transportation Marketing and Sales Association (TMSA), a leading resource for professional development, networking, business intelligence and best practices for professionals in the transportation and logistics industry, will hold its Annual Conference June 9-11, 2013 at the Sawgrass Marriott Resort and Spa, in Ponte Vedra Beach,...
Security Industry Association and ASIS International to Sign MOU SILVER SPRING, Md. - Senior leadership of ASIS International (ASIS) and the Security Industry Association (SIA) will formally announce the signing of a Memorandum of Understanding (MOU) at the Sands Convention Center in Las Vegas, Nev. on Thursday, April 11, 2013 at ISC West. The objective of the MOU is to...
Teletrac Embraces FMCSA's Final Rule With a Fully Compliant Hours of Service Solution GARDEN GROVE, Calif. - Teletrac Inc., a 25-year veteran award-winning GPS fleet tracking and telematics software provider, is happy to announce that its long-running hours of service (HOS) software solution will be fully compliant with the Federal Motor Carrier Safety Administration's (FMCSA) final rule beginning July 2013. Teletrac's all-inclusive solution will...
Nichols Named Director of MoDOT Dave Nichols, MoDOT's new director.The Missouri Highways and Transportation Commission has named Dave Nichols director of the Missouri Department of Transportation. Nichols has served as interim MoDOT director since March 21. He assumed the interim director position after the resignation of Kevin Keith, who left MoDOT for a medical leave of...
Caribbean Shipowners Association Postpones April Rate Hike Member carriers of the Caribbean Shipowners Association have postponed the rate increase scheduled for April 28 to June 16. The increase is applicable to all contract and tariff rates, northbound and southbound, between the U.S. and all CSA Caribbean Basin service destinations. The hike will be $75 per 20-foot container and $150...
US Gains Parity With Mexico in Near-Sourcing Shifts The U.S. has become equally attractive as Mexico to shippers looking to near-shore production, or shift manufacturing closer to the American consumption market, according to a global consulting firm. Thirty-seven percent of the roughly 140 manufacturers surveyed this year named Mexico and the U.S. as the most attractive near-soucing location, followed...
Rotterdam Bunker Prices Show Slight Shifts Bunker Fuel Prices - Rotterdam Full-size image Spot rates for high sulfur bunker fuel in Rotterdam rose 0.1 percent or 80 cents in the week of April 5, while low sulfur spot rates inched down 0.04 percent or 23 cents, according to daily Bunkervision price data via international marine fuel oil broker LQM...
U.S. Imports From Southeast Asia Jump U.S. trans-Pacific containerized imports Full-size image U.S. trans-Pacific containerized imports from Southeast Asia jumped by 6.7 percent in January 2013 to 150,879 20-foot equivalent containers from 141,426 in January 2012, according to preliminary data from PIERS, a JOC sister company. Overall U.S. trans-Pacific imports, including those from Northeast Asia, Southeast Asia, and the...
No Talks in Sight as Hong Kong Port Strike Continues A strike at the Kwai Tsing Container Terminal in the Port of Hong Kong has entered a 12th day, with no negotiations planned to resolve the dispute, BBC reports. Dockworkers and crane operators are requesting a pay increase of nearly 20 percent to keep up with inflation over the past decade....
DP World Completes Dredging Project at Jebel Ali DP World has completed its dredging project at Jebel Ali port, which deepened the draft, allowing the port to handle bigger ships. The dredging added to the expansion work currently under way at the United Arab Emirates port, which will add 1 million 20-foot-equivalent units of new capacity to Container Terminal...
North American Containerized Exports Fall Containerized exports from North America to overseas markets fell almost 8 percent month-to-month to 1,122,700 20-foot-equivalent units in January 2013, according to data from Container Trades Statistics, Ltd. Export volume was also down 4 percent from January 2012. All overseas markets showed both month-to-month and year-over year drops in January,...
Oakland Port Official to Join Trade Mission to China Deborah Ale Flint, Port of Oakland's acting executive director, will join the California state trade mission to China, which will be led by California's Gov. Edmund G. Brown Jr. and coordinated by the Bay Area Council, of which the port is a member. Ale Flint will join the mission in Beijing...
MISC backs bid Malaysian shipowner MISC has urged shareholders to accept an improved takeover offer for the company even though it believes it "not fair".
Paragon makes stock switch Greece's Paragon Shipping is switching its listing from the New York Stock Exchange to save money.
Doun Kisen sells duo Japan's Doun Kisen is tipped to have offloaded two bulkers, including a capesize, in deals worth almost $40m.
Teekay in no rush New York-listed Teekay Tankers has 18 months to declare all its 12 optional LR2 tankers at STX in Korea.
Farstad joins the party Farstad has clinched a new long-term charter contract with Petrobras that will see one of its platform supply vessels leave the overcrowded North Sea.
Norgas Cathinka freed The IM Skaugen gas carrier involved in a fatal collision with an Indonesian ferry last year has finally been freed.
Sniff at a recovery Martin Stopford has compared shipping investors with drug addicts and alcoholics amid a warning industry dynamics could tempt owners to relapse into old habits.
Dutch ship sinks trawler A French trawler has sunk after being in a collision with a Dutch cargoship.
Strong growth ahead A new study into future trends in shipping has predicted strong growth in the sector up to 2030.
Rickmers Linie sees double Rickmers-Linie has chartered in a second multipurpose heavylift vessel for its Europe to India line.
Lloyd Fonds red again Impairment charges kept Lloyd Fonds in the red during 2012.
KDB to sell DSME stake? Korea Development Bank (KDB) could opt to sell its holding in shipyard Daewoo Shipbuilding & Marine Engineering (DSME), according to local business media reports.
Songa scoops tanker duo Croatian shipyard Brodotrogir says it has signed a deal with Arne Blystad's Songa Shipping to build two chemical carriers.
25 capes in waiting Newbuilding orders in the first quarter of 2013 have come in 40% ahead of what depressed markets demand with at least 25 new capesizes believed imminent, RS Platou Markets says.
Jefferies sounds cape alarm Jefferies has warned owners about an upturn in capesize newbuilding activity as fresh contracts have outflanked deliveries so far this year.
Ferry probe extended The UK's investigation into Eurotunnel's ownership of former SeaFrance ferries has been extended.
Captain apologetic China Cosco bigwig Wei Jiafu has said sorry to shareholders and pledged the company will turn its fortunes around after two years in the red.
Norwegians score in Brazil Dof has joined two other major Norwegian owners in penning a long-term charter with Petrobras as part of the Brazilian oil giant's delayed platform supply vessel tender.
Bids in for Scandlines Three offers have been lodged for private equity-owned Baltic ferry operator Scandlines.
Duo depart ALG All Leisure Group is losing two top executives as part of move to cut out over $2m in costs.
Three die on cargoship Three Syrian crew have died of asphyxiation on a cargoship off Oman.
Capital's latest signing US financial heavyweight Oaktree Capital has taken a major chunk of Capital Product Partners following a private placement.
BWO stretches two BW Offshore (BWO) has agreed contract extensions for two of its floating production storage and offloading units off Nigeria.
Idan Ofer on the move? Speculation is mounting in Israel that shipping billionaire Idan Ofer is planning to move to London.
KDB spurs STX PO STX Pan Ocean was on the rise this morning after it emerged Korea Development Bank has begun looking into a takeover of the loss-making owner.
STX seals Teekay deal Korean shipyard STX Offshore & Shipbuilding has confirmed the first four of Teekay Tankers' potential 16-ship order spree.
Wartsila wins Bumi quartet Finnish group Wartsila will design and power four new multipurpose platform support vessels (MPSVs) for Malaysia's Bumi Armada.
VTTI backs Cyprus VTTI has reaffirmed its support and commitment to Cyprus where it is establishing a major oil storage terminal.
Laliotis tanker targeted A Laliotis-controlled MR products tanker has reportedly been attacked by robbers off the coast of Nigeria.
Petrobras extends trio Petrobras has agreed to extend the charters on a series of three PSVs owned by Norwegian shipowners.
Temasek targets LNG Temasek Holdings, Singapore's sovereign wealth fund, has established a new investment unit that will focus on LNG.
Evergreen in reshuffle Taiwanese liner giant Evergreen says it is looking to improve its service in the Eastern Mediterranean area.
Miclyn builds backlog Miclyn Express Offshore has tied up two of its offshore support vessels on two-year charters in Thailand.
Cass: Freight shipments, expenditures up in March Freight volume jumped significantly in March, both year-over-year and from February, continuing a trend of strong growth in the first half of the year, though Cass warned of recent historically softening in the second half
Progress coming on International Services Agreement Trade advocates encouraged by discussion between 47 nations over long-needed international services pact, which will center on market access and rules for cross-border data flow in the digital age
Hong Kong dockworker strike continues into 11th day Strike at Hutchison container terminal in Hong Kong continues as government steps in to try to resolve problems between 500 dockworkers and employers, with service providers suggesting strike is affecting cargo operations
Detector dogs to help U.S. FSW search for smuggled wildlife U.S. wildlife agency to use detector dogs to sniff out goods from threatened animals, like elephant ivory and rhino horn, at key port of entry, extending the program from its traditional uses, like preventing bombs and drugs
Action apparel retailer Fox to use Menlo in Europe
Carriers plan rate hike from U.S. to Australia, New Zealand
Chinese flu no threat to trade
FAA delays tower closure date
Drewry: 2013 carrier profits rest on cost cutting, price discipline
Hapag-Lloyd to launch Med-U.S. East Coast string
BCO fleets shouldn't be hampered by HOS changes
Supply chain growth drives real estate investment
Boeing finishes final battery test
U.S. exports reach $186 billion in February
Chinese shipper guilty of illegal rhino horn imports
Dynamic Oil Trading hires three new bunker traders All three traders took up their roles with Dynamic Oil Trading on April 8.
Strong demand in Fujairah bunker hub Players report tight avails.
Crude supports Rotterdam market Mediterranean ports see most prices soften.
Shipping markets can expect long term growth The rise of emerging countries and new consumer classes will transform the sector by 2030.
Bunker sales in Singapore not expected to fall further SSA executive expects bunker sales to remain stable.
WFS files for ship arrest over 'unpaid' bunker bill Fuel was delivered to Chinese bulk carrier.
EU allays ports' ECA concerns Funds available to support innovative projects.
Slow steaming hits bunker demand in Americas Market sources point to role of efficiency measures in weakening demand.
South Korea's largest oil storage terminal starts operations $500 million facility took two years to build and has a total capacity of 1.3 million cubic metres.
Asian bunker markets lack direction The price of 380 cSt material fell in Hong Kong and Tokyo.
DNVPS establishes new R&D laboratory Singapore laboratory with focus on R&D will 'delve deeper into fuel related issues onboard ships'.
Arrested bunker tankers up for sale in Singapore The vessels will be sold by the Singapore Supreme Court on April 17 via a sealed-bid auction.
Yujin Shipping sells bunker tanker Part of proceeds will help repay an existing bank loan.
New LNG firm set up in Singapore Firm to focus on trading and exploration, storage, processing and shipping of LNG.
SK Energy to supply 500 cSt product SK Energy will focus on supplying vessels plying between the US West Coast, China and South Korea.
Baltic Sea may be first to adopt LNG bunkering Norwegian government to 'conduct research in the sphere of LNG fuels and introduce corresponding technologies'.
Bunker spill detected along Sao Paulo coast Beaches affected but clean up operation underway.
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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