Sentiment index guides asset play Cass Business School professor tracks shipowner optimism
Gauging the mood of shipping Team focused on six parameters based on market sentiment, split into three categories
If STX Pan Ocean goes into receivership, what happens next? Sources predict further charterparty disputes and ship arrests
Coping strategies It is easy to criticise shipowners in hindsight and without taking responsibility
The warning signs were there STX Pan Ocean losses have been mounting for some time
Ripple effect Dry bulk players are getting jittery as STX Pan Ocean becomes latest casualty of downturn
STX Pan Ocean will survive, says creditor South Korean dry bulk operator has a long-term future, says DVB's Lunde
Teekay lands five-year contracts for two LNG newbuildings Shipowner bids for several similar shipping deals
Persistence pays? Strategic co-operation with Lianyungang could offer Vale a lifeline
Angola's first LNG shipments delayed Export debut is now expected 'this month'
Vale partners with rebel Chinese port Brazilian miner seeks direct service in tie-up with Lianyungang, despite Beijing's ban
Fredriksen scraps more capesize bulker orders in China Move thought to be linked with financial trouble at STX Dalian, say sources
Safe Bulkers raises $40m in share offering New York-listed firm seeks funds to back acquisitions
Felixstowe opens new rail terminal UK port will handle trains with up to 35 wagons
Offen confirms settlement with CMA CGM End of dispute clears way for 16,000 teu newbuilds
Harbour commission approves Los Angeles' $400m capex proposal Port can now push forward with $380m terminal upgrade
Box lines fail to halt Asia-Europe rates slide Indices show further price erosion over the week
Liverpool2 kicks off Construction starts on 600,000 teu terminal
Reforms open Brazil's ports to private sector operators and investors Law aims to tackle bottlenecks and weaken dock unions
Shipper Sentiment Survey: North America Hamburg Süd returns to pole position, successful negotiations with carriers emerge, while dissatisfaction is raised at rate instability over the contract period. Sarah Bennett reports
Textainer enters tank box market World's largest container lessor agrees intermodal partnership with Trifleet
Japan Marine United eyes offshore and bigger boxship orders Yard created by merger prepares to compete for larger projects
STX Pan Ocean files for court protection Mounting debts drag down South Korea's largest dry bulk operator
Nor-Shipping 2013: DNV calls for Norway and Japan to speed up maritime collaboration Countries must take opportunity to enhance maritime capability, says Madsen
US grain rates fall BULKER rates for US/Asia grain cargoes are continuing to fall amid vessel oversupply, the US government warned
SCI, GAIL sign LNG deal SCI, INDIA's largest shipping group with an exposure to LNG shipping, told bourses today that it has signed a deal to transport LNG from the US
Teekay LNG enters US export trade NYSE-listed Teekay LNG today confirmed the first-ever charters dedicated to US exports of LNG from the lower-48 states
LA votes $1.1Bn port budget LOS ANGELES, the largest US box port, plans to spend $400M over the next year to improve cargo flow in the face of increasing competition
STX Pan Ocean files for receivership STX Pan Ocean today sought receivership from South Korea's courts, following two days of rumours that it was nearing corporate rehabilitation
Safe Bulkers prices PP share offering NYSE-listed Safe Bulkers has priced and confirmed the scope of its perpetual preferred share offering and concurrent private placement, which will raise $40-43M
PNOC sells three tankers GOVERNMENT-owned PNOC of the Philippines is selling three of its tankers after dissolving its shipping unit, PNOC Shipping & Transport Corp
Heart attack caused death INQUIRIES revealed today that a mechanical fitter was killed by a heart attack when cleaning a dredger's tank at Western Indian Shipyard
Lianyungang, Vale to talk BRAZIL's mining giant Vale and China's Lianyungang Port will discuss opening bulk shipping routes between Brazil and the port
Tokyo Marine, Norway's Jo Tankers to start pool MOL's chemical shipping unit Tokyo Marine Asia said today it aims to set up a pool with Norway's Jo Tankers
Jaya 'sell' rating sticks DMG & Partners today kept its 'sell' rating for Jaya Holdings's shares, even though Jaya has long-term charters for three of its four PSVs, in deals worth about $61.3M
KSS Line inks CoA with Hanwha Chemical KSS LINE said today that it has signed a contract of affreightment to ship vinyl chloride monomer for compatriot Hanwha Chemical
VLGC period rates rise PERIOD offers for VLGCs have been firming since BW Gas took over Maersk's VLGC business last week
Plant maintenance dampens chemical freight CHEMICAL freight rates remained under pressure today as more plants in Asia undergo maintenance
Frontline, Morgan Stanley strike $40M share deal FRONTLINE said it has entered into an equity distribution agreement with Morgan Stanley
India's Ennore Port Seeks Bids for Container Terminal India's Ennore Port Authority has released a new global tender for the construction and operation of its long-awaited container terminal project. The move follows the cancellation of Ennore's initial tender in September 2012 after a consortium led by U.K.-based Eredene Capital pulled its bid, citing cost escalation and depressed market conditions. The...
Taiwan Lifts Ban on Live Bird Imports From the EU Taiwan has introduced new legislation, effective July 15, that will lift its ban on imports of live birds from the European Union. The live birds exported to Taiwan are mainly pigeons used for racing. Taiwan had applied an import ban from the EU since 2005. However, the European Commission and Taiwan...
Volvo Trucks to Commercialize DME Trucks Volvo Trucks has plans to commercialize dimethyl ether-powered heavy-duty commercial vehicles in North America. As the latest step in its "Blue Power" alternative fuel strategy, Volvo revealed ongoing U.S. customer field testing of trucks powered by DME and demonstrated the technology at the California State Capitol. The company plans to begin...
Dow Chemical, Union Pacific Publish Rail Safety, Security Report The Dow Chemical Co. and Union Pacific have released a report on the progress of their memorandum of cooperation that began in 2007 to improve rail safety and security. The report outlines goals in eight areas of the chemical supply chain, as well as innovations for event prevention and response planning,...
Study Sees Manufacturing Stabilizing in the US After declining steadily for 30 years, manufacturing employment in the U.S. is stabilizing and will have a positive impact on the economy and on demand for industrial real estate space in the coming decade, according to a study by the NAIOP Research Foundation. The study by L. Nicolas Ronderos, "Stabilization of...
Brazil Congress Approves Port Reform Package Brazil's Congress has approved a port reform package, the Provisional Measure of the Ports, that will provide a new legal and institutional framework to increase the nation's port system efficiency and reduce port-related logistics costs by encouraging competition and private sector participation, according to Drewry Maritime Research. As expected, the country's...
Trucking Employment Hit Plateau in May JOC For-Hire Trucking Employment Index Full-size image The Journal of Commerce For-Hire Trucking Employment Index remained flat at 95.8 in May, after rising eight-tenths of a percent in Aprilto its highest reading since September 2008. The 95.8 index reading indicates the drive to add more drivers, dock workers and other personnel stalled at...
Trade Implications of Auto and Housing Market Forecasts In this podcast, JOC Economist Mario O. Moreno discusses the economic forecast, and its impact on trade volumes, recently published in his May 2013 JOC Insights report. www.joc.com/joc-insights-trial ...
Moro Named Interim Executive Director at Long Beach Al Moro, the Port of Long Beach's new interim executive director.The Port of Long Beach's board of harbor commissioners has appointed Al Moro, chief harbor engineer, as the California port's interim executive director. His appointment will take effect following a formal vote on June 17. Moro, who said he would not...
Allcargo Logistics Appoints Jangle COO Ajit Jangle, The Avvashya Group's new chief operating officer.Allcargo Logistics, an Indian logistics subsidiary of The Avvashya Group, has appointed Ajit Jangle as its group chief operating officer. In this role, Jangle will lead The Avvashya Group in the fields of information technology, e-commerce initiatives, human resources management, cost management and...
China PC Maker Lenovo Opens US Plant Lenovo Group, a China-based PC maker, has celebrated the opening of its first U.S.-based manufacturing operation in North Carolina, ABC News reports. The facility, which opened in January inside an existing distribution center in Whitsett, will produce ThinkPad laptops, commercial desktop computers and, by the end of the year, tablets and...
Norbert Dentressangle is increasing its e-Fulfilment activities in Venray twofold for Liberty Global Logistics service provider Norbert Dentressangle is doubling the e-Fulfilment activities at its distribution centre (DC) in Venray for Liberty Global, the parent company of UPC. It was already providing logistics for the Netherlands and is now also taking on logistics for Germany. Mark Klievink, Operations Manager in Venray: "Here, we...
Suddath Global Logistics Acquires PenserSC Suddath Global Logistics, a Jacksonville, Fla.-based warehousing and logistics management company, has acquired PenserSC, a third-party logistics provider. "The acquisition of PenserSC further enhances our ability to support customers who need a full menu of logistics services for their distribution center and manufacturing activities," said Barry S. Vaughn, CEO of The...
Roehl Transport Inc. Joins TruckingUnlimited.com TruckingUnlimited.com is among the trucking industry's popular on-line job sites that are proving to be the best solution for what the current truck driver shortage demands and revolutionizing the recruitment process,overall. With the simple objective of connecting today's generation of job seekers (who use the Internet for almost everything) with...
ODFL Raises Tonnage Forecast for Second Quarter The economy doesn't look too slow from the docks at Old Dominion Freight Line. The less-than-truckload carrier said Friday it expects greater growth in tonnage than anticipated in the second quarter. ODFL raised its year-over-year estimated tonnage growth in the quarter to 5 to 5.5 percent, based on stronger than expected...
Con-way Freight Opens Service Center in Lumberton, NC Con-way Freight has opened a new service center in Lumberton, N.C. The less-than-truckload carrier's new facility features a 25,000-square-foot dock with 65 loading doors. It combines smaller operations in Florence, S.C., and Fayetteville and Wilmington, N.C., into a single facility with an expanded regional footprint. It is one of seven Con-way...
Bethlehem, Pa., Railyard Could Become Inland Port The Port of New York and New Jersey and Norfolk Southern are discussing the possibility of making an intermodal railyard in Bethlehem, Pa., an inland port, The Morning Call reports. The Bethlehem port would help the Port of New York and New Jersey ship more items more efficiently to Pennsylvania and...
Maritime Labor Alliance Names Marcus President Members of the Maritime Labor Alliance have unanimously appointed Don Marcus, president of the International Organization of Masters, Mates & Pilots, as president, and Mike Jewell, president of the Marine Engineers' Beneficial Association, as secretary treasurer. The MLA, formed in 2012, is comprised of the American Radio Association, Inlandboatmen's Union, International...
SCFI: Asia-North Europe Rates in Free Fall Shanghai Containerized Freight Index, Asia-North Europe, through June 7, 2013 Full-size image Asia-North Europe spot freight rates measured by the Shanghai Containerized Freight Index slid 6.7 percent in the week ending June 7 from the previous week, extending a slide that began in late March as carriers struggle to fill a slew...
ALK Speakers: Integrated Technology Will Spur Efficiency If shippers want to blunt rising transportation costs, and carriers want more sustainable profits, they need to learn to connect not just the dots but also the bytes. Greater integration of transportation technologies, connecting the individual truck to the overarching enterprise, is needed to manage increasingly complex supply chains. That integration...
Wire deal unravels For less than four kilograms of nickel wire, could you own 36.8% of a New York-listed shipowner? Apparently, the answer is no.
Turk under tow Chemical tanker calls for help after suffering breakdown off Spain.
Owner in STX fallout J Lauritzen has acknowledged that the court receivership of STX Pan Ocean could have a significant impact on charters for two of its capesize bulkers.
SCI inks LNG pact Shipping Corporation of India (SCI) has been contracted by a compatriot energy company to ship LNG volumes from the US.
3 Maj takeover near The Croatian government has accepted an offer from Uljanik Shipyard for rival 3 Maj.
Teekay in Cheniere tie-up Teekay LNG Partners (TGP) has found work for a pair of newbuildings ordered just six months ago.
Rope rethink Sweden's Imperial Ship Management is now stowing mooring lines below-deck following a probe into how two men were washed overboard from a general cargoship.
Aker fires IPO gun Aker has fleshed out the details of its plans for an initial public offering (IPO) of shipowning venture, Ocean Yield.
Chengxi inks double China's Chengxi Shipyard has added a couple of bulkers to its orderbook.
UK Club loan agreed Terms for a $100m perpetual subordinated loan taken out by the Kingdom Mutual Steam Ship Assurance Association five years ago have been revised at a meeting of note holders in London today.
Expert opinions Visitors to the @tradewindsnews stand at Nor-Shipping have been encouraged to enter a debate on Twitter which looks to answer some of the big questions in the industry today.
Fantasy shipping Today is arguably the opportunity of a generation in terms of shipping investment, but where are the best deals to be found?
Changing times We take a look at what was said in the market over the past week.
New boss at Fesco Ruslan Alikhanov has been given the top job at Russian container line Fesco.
Boxship bonanza TradeWinds digests the digits making the headlines this week.
Glencore targets LNG Trading giant Glencore is muscling up to play its hand in the LNG sector by poaching a team of traders from rival shop Morgan Stanley.
NAT dumps suezmax Nordic American Tankers (NAT) has canned the acquisition of a suezmax tanker after repeated delays from the owner.
Norwegian shipping dying? Norway's most famous shipping son is worried that the domestic industry is dying.
Rickmers falls short Trading of Rickmers bonds has started after raising EUR 175m ($231m).
Raiders hit two PSVs Two supply ships have been attacked by pirates off Nigeria.
Tanker union agreed Tokyo Marine and Jo Tankers are to merge their chemical carrier fleets in a new pool company from September.
Safe succeeds in selling Greece's Safe Bulkers has banked $40m from its share offering in New York.
Capital cities Success for a shipping company in raising capital in Oslo or New York can be determined by its makeup, RS Platou Markets says.
Bulk looking brighter Battered dry-cargo rates should see a sharp recovery in the second half of next year, Cleaves Group says.
Order spree to go on John Fredriksen's Frontline 2012 has no plans to put the brakes on its recent ordering spree amid suggestions it has again added to its capesize newbuilding tally.
Rodopoulos back in action Former RBS banker Alex Rodopoulos is predicting an upturn in the number of Greek owners looking for public money as he returns to shipping in a new role with RS Platou Markets.
Frontline starts fix Frontline has taken the first step in addressing a pending cash shortfall by launching an ATM offering.
STX Pan Ocean files Struggling bulker owner STX Pan Ocean filed for court receivership in Korea on Friday in a widely expected move to restructure its business.
Dhow attack thwarted EU and NATO naval forces off Somalia have prevented a dhow falling into pirates hands and becoming a potential mothership.
MOL offloading pair Mitsui OSK Lines (MOL) has put another two bulkers on the sales block as part of its bid to slim down its fleet.
Stohle's Colbun hope Sveinung Stohle has cleared some of the clouds surrounding developments to Hoegh LNG's delayed contract in Chile.
Seaspan sees big demand for efficient ships Gerry Wang, the chief executive officer of Seaspan, one of the world's largest builders and charterers of containerships, told financial analysts that while freight rates are depressed, there is no shortage of demand for efficient new vessels.
VPA gates to open late June 12 Port operations will be put on hold for a half day on June 12 at the Port of Virginia so that port management and users can talk with longshoremen about market conditions, industry trends and efficiency at the port.
Stifel: Shipper TMS use leads to 'surgical' truck pricing The way truckload carriers price their services has been affected by increased usage of transportation management systems, Stifel Nicolaus said. It also noted that shippers rely more and more on third- and fourth-party logistics providers.
Intermodal grew 3% in May Intermodal traffic rose 3 percent, year over year, to 1.21 million containers and trailers, according to the Association of American Railroads. May's weekly average for intermodal traffic stood at 242,823 containers and trailers.
Weekly global market update A weekly price round up of bunkering hubs from around the world.
Bunker prices in the Americas end week higher Demand was said to be quiet in Los Angeles on Friday.
Biofuel producer strikes deal with Neste Oil Neste Oil agrees to purchase large volumes of algae-based crude oil if producer is able to increase future production capacity.
Rhine River to fully open on Saturday, after severe flooding Barge freight rates were not affected during the closing and may surge when Rhine traffic resumes, says source
Norwegian firm orders LNG bunker vessel Vessel will be used for general small-scale LNG deliveries, as well as to supply gas to shipowners with vessels running on LNG.
Fuel valve milestone for MAN Diesel & Turbo 'The slide fuel-valve's strong market performance is testimony to the fuel savings and increased environmental profile it brings to working vessels.'
OW Bunker completes first physical supply with coriolis flow meter in Singapore Company plans to develop further using the Coriolis Flow Meter with a second vessel coming on line in July.
Fujairah prices moving up in line with crude Mixed price movements in South Africa.
Price movements mixed across European ports Bunkers up in Gibraltar, down in Piraeus.
Turkey's 'sleeping giant' is waking up Terminal owner predicts large bunker volumes and invites more suppliers to make use of Ceyhan's new bunkering facilities.
New canal planned in Central America Nicaragua awards project to Chinese investor.
Turkey phasing out single hull bunker barges Double hulls for tankers becoming mandatory from the start of 2016, conference is told.
Hin Leong outlines $3 billion investment plan Singapore-based oil trader plans to build terminals in emerging Asian markets.
Asian bunker prices end week stable Little change recorded in Friday's trade.
LNG bunkering technical specification published ISO guidelines requested by industry.
Refinery and oil storage terminal 'to be sold by the year end' Ireland's only refinery 'really can't compete in Europe'.
Concept paper: Adding hydrogen to bunker fuel generates savings But technology untested commerically by shipping industry.
US company eyes LNG bunkering opportunity Big savings on fuel bills make conversion to LNG attractive.
ITCL cuts year-on-year losses Firm managed to cut operating expenses on falling bunker prices.
STX Pan Ocean files for bankruptcy 'We had no choice,' official is quoted as saying over the move.
New Chairman lined up for IBIA Vice Chairman elected at Istanbul board meeting.
Technology firms join forces to offer fuel-saving solution Current At Sea features the MARIS VDS, which has demonstrated fuel savings of 4% to 8%, firms claim.
Coscon revises bunker adjustment factor New rates to affect trades in the US and Canada.
Player starts supply operations in Yemen MCI Aden Bunkering supplying IFO and MGO, says spokesman.
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