Scorpio Bulkers continues fleet expansion and capital increases Scorpio Bulkers, the rapidly expanding Monaco-based bulk shipping company whose shares are traded on the over the counter (OTC) market in Oslo, has unveiled its latest round of fleet expansion and capital increase
Riber Shipping, Kleven extend seismic vessel option CG Rieber Shipping, the Norwegian seismic vessel operator, has agreed with Kleven Maritime, the shipbuilder, to extend an option for a second 22 streamer 3-D seismic vessel with ice class 1A to the end of January 2014
China vessel exports still down CHINA's vessel exports fell 29% year-on-year to $24Bn in the first 10 months of 2013, on par with the losses posted in the first nine months
Oldendorff sounds alarm over fuel quality One of the world's biggest dry cargo operators has warned against a dramatic deterioration in marine fuels quality worldwide
US delays P3 start More information on the effects the P3 Network Alliance is needed before it can be allowed to go forward in the US, regulators have decided
ITF pays tribute to Mandela The International Transport Workers' Federation paid tribute to the 'global legacy' of Nelson Mandela on his passing today
Diana fined $1.1M Diana Shipping has been fined $1.1M for illegally dumping wastewater in the US
NYK, Iino book VLGCs for Astomos NYK Line confirmed today that its subsidiary Kyoei Tanker has ordered an 83,000m³ very large gas carrier
STX Pan Ocean downscales Fibria deal STX Pan Ocean said today the contract value with Fibria Celulose for the transportation of wood pulp was reduced to $207M from $246M
Taiwan's 2014 GDP growth seen at 3.9% Taiwan's economic growth expected at 3.9% in 2014
Hapag-Lloyd to Expand Gulf Caribbean Service Gulf Caribbean Service's new port rotation.Hapag-Lloyd has expanded its fixed day, weekly Gulf Caribbean Service to include eastbound and westbound calls in Guatemala, Honduras, Costa Rica, Panama and Colombia. The revised GCS port rotation will be as follows: Houston; Altamira and Veracruz, Mexico; Santo Tomás de Castilla, Guatemala; Puerto Cortés, Honduras;...
JOC Trucking Employment Index Shoots Up to 96.4 in November JOC For-Hire Trucking Employment Index Full-size image The Journal of Commerce For-Hire Trucking Employment Index rose to 96.4 in November from 95.7 the previous month, as trucking firms added 8,400 jobs. The 0.7 percentage point gain was the strongest increase this year for the index, which was flat in October and had been...
China's Loss in US Footwear Trade Leaves Room for Developing Nations China's grip on U.S. footwear imports continued to weaken in the third quarter, extending a decline that began in 2009, as other developing nations increased their market share further. Sourcing shares of U.S. containerized footwear imports in the third quarter of 2013. Full-size image While mainland China, excluding Hong Kong, continued to be...
Transportation Firms Add 31,000 Jobs as GDP Gains Ground Transportation and warehousing employment spiked in November, as the U.S. economy added 203,000 jobs, dropping the national unemployment rate to 7 percent. The jobs report accompanied news that the U.S. economy grew faster in the third quarter than expected, with real gross domestic product rising 3.6 percent. The Commerce Department boosted its...
ILA and USMX: Then and Now George Cohen of FMCS, Harold Daggett of ILA, Jim Capo and Dave Adam of USMXThink back to a year ago. In December 2012, the International Longshoremen's Association and United States Maritime Alliance were locked in tense contract negotiations that had East and Gulf Coast ports on the brink of a...
Insufficient Logistics Capacity Hindering Philippines Relief Effort Almost a month after Typhoon Haiyan devastated large swathes of the Philippines the relief effort is still struggling to meet the needs of the millions affected. Logistics capacity is proving a key chokepoint despite many of the world's leading transport companies offering support. Haiyan saw winds peak at more than 300...
Asia's Storm Front As the last cobwebs of jet lag release their hold, here's a recap from my weeklong trip to Asia in November. It was a trip that almost didn't happen. Intended to be a two-week mission involving a two-state delegation from Oregon and Washington, various factors conspired to reduce it to a...
Cargill takes BALT cape US operator Baltic Trading appears to have secured employment for one of the newest additions to its fleet of capesize bulkers.
MFS grows Diana slice Financial firm MFS Investment Management has lifted its stake in Diana Shipping above the 10% mark.
Emissions crackdown continues A bulker controlled by Nissen Kaiun of Japan has emerged as the latest target of a US Coast Guard (USCG) crackdown on ships that fail to comply with increasingly stringent emissions standards.
Carrier wraps up roadshow French containership operator CMA CGM has confirmed reports that it intends to issue a high-yield bond under a broader effort to shore up its balance sheet.
Suezmax spike Suezmax spot rates have spiked to a two-year high following a wave of activity that began just before Thanksgiving.
Condor heads to breakers A derelict general cargoship has finally left the port of Bruges in Belgium after three years.
Ro-ro owner cleans up Dutch owner Transfennica is retro-fitting five more vessels with exhaust scrubbers after a successful trial.
SALT heads stateside Scorpio Bulkers is looking to secure $138.9m in fresh capital from its New York initial public offering.
Countess fire finally out A blaze that tore through the Greek cruiseship Ocean Countess has been extinguished.
Asian giants probed Asia's largest containerlines are part of a European Union probe into suspected price fixing, reports say.
Golar focuses on FLNG John Fredriksen's Golar LNG could use cash from a sale of units in spin-off Golar Partners to develop its floating production business.
Snoozing into trouble A cargoship ran aground off Scotland after its watch officer fell asleep alone on the bridge, a UK report has found.
ABG debt deal close India's ABG Shipyard is close to sealing a reorganisation of debt worth INR 111.5bn ($1.78bn).
Samudera downsizes Indonesia's Samudera Shipping Line has offloaded a small chemical tanker and an oil barge.
Ro-pax hits bridge A Hurtigruten ferry has been dented after hitting a bridge in Tromso, Norway.
STX PO deal pulped STX Pan Ocean has called a premature halt to a contract of affreightment (COA) after cancelling newbuildings ordered to service the deal.
Europe battens hatches North-west European ports took decisive precautionary measures overnight on Thursday as a huge storm hit the region.
CSSC sells $800m Chinese state shipbuilding giant CSSC has successfully raised $800m in a notes sale.
VLs the order of the day TradeWinds digests the digits making the headlines this week.
FMC puts the brakes on P3 The US Federal Maritime Commission (FMC) has pushed back its decision on whether to approve the big new P3 boxship alliance.
Riona refloated A Ronja Marin cargoship has been pulled free after grounding off Finland on Thursday.
Farewell to all this? We take a look at what was said in the market over the past week.
Japanese order VLGCs Two Japanese shipowners have ordered VLGC newbuildings at domestic shipyards on the back of long-term charters.
Hedland exports soar Iron ore exports to China from Australia's Port Hedland rose 38% in November in another sign of solid demand from the Asian giant.
Atlantic seals bond raid Atlantic Offshore has succeeded in raising NOK 400m ($65m) in new finance from Norwegian bond investors.
Ezra up on deal talk Ezra Holdings, the offshore oilfield service company, has confirmed that is engaged in talks about its subsea division.
Cosco vessel freed Singaporean authorities have released a Cosco Shipping (Coscol)-owned ship arrested earlier this week over a chartering dispute.
US Navy extends charter Maersk Line Ltd has had a charter from the US military for an ice-classed products tanker extended for another year.
ATA opposes D.C. act outlawing diesel-only trucks The ATA said a measure in Washington, D.C., that would bar diesel-only vehicles in the city past 2017 "would have significant harmful effects on the district's economy and on the quality of life of district residents."
Chemistry council pushes PHMSA on hazmat rulemaking
Virginia's push for offshore wind
Freight shipments, expenditures weak in November
YRC to sell 3 million shares to pay down debt The company, which is in talks with the International Brotherhood of Teamsters to renew its current contract with employees in order to reduce costs, is facing a $69.4 million debt payment in February.
PostNL sells half its stake in TNT Express PostNL has sold half its stake in TNT Express, unloading around 15 percent of its 29.8-percent stake in the company for 507 million euro ($690.23 million) to reduce its debt.
UNCTAD: Liner connectivity has increased for most countries
FMC asks for more information from P3; delays effective date The Federal Maritime Commission voted Thursday to approve a request for additional information from the parties to the proposed P3 Network Vessel Sharing Agreement - Maersk, MSC and CMA CGM.
Roadway improvements authorized at Port Newark The Port Authority of New York and New Jersey this week authorized $105 million for the design, construction and realignment of roadways in the Port Newark-Elizabeth complex in New Jersey.
ABB expands global trade relationship with Amber Road
Executive moves
Ex-Im Bank's $640.7 million loan supports refinery exports to Turkey
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