UK maritime budget set for 25% rise Extra £3m to help fund 200 trainees in maritime sector
Braemar lands world's largest floating LNG export deal Project will export up to 24m tonnes of LNG a year
Crude tanker rates face three-year lull Commerzbank head of shipping research says stronger performance possible should Libya resume full output
Iran releases Desh Shanti SCI-owned crude tanker on way to India as conditions for the vessel's release remain unclear
Kang steps down from STX Offshore & Shipbuilding DSME's Park is expected to take charge
US investment fund victorious in tanker bidding war Interest grows in chemtankers
Owners will have to take much bigger equity stakes in their ships Lloyd Fonds chief tells Hamburg conference that any future investors will want tougher terms
MCC has no plans to expand fleet in current market Singapore-headquartered box carrier to expand through new partnerships
Incentive to scrap vintage VLCCs is reduced Scrap values plummet while selling secondhand offers better prices
Favourable tax regulation would attract German shipping investors Tighter requirements are likely to make the picture more complicated, says analyst
Capesize market eyes another strong week Rally gives boost to dry bulk stocks
Tilbury confident as London box ports battle for market share Perry Glading says diverse cargo mix will see Forth Ports facility through the struggle ahead
Court decision expected in Korea Line fight over latest bid Bidders Polaris and Daelim have charged that the preferred bid by SM Group is unfair
Cost-competitive eco ships could make or break operators Fuel-efficient design for a 9,000 teu boxship could save $2m a year, Hamburg conference is told
German tramp shipping not dead yet, says Hamburg Süd chief Vespermann tells conference that sector's current problems can be overcome
Jaya Holdings 'strategic review' warms investors Singapore-listed offshore vessel operator follows strong earnings with look at options
Private equity catching on in Hamburg Owners and money men starting to converge on pricing, says lawyer
Masterbulk appoints new chief executive in management shuffle Former Oman Shipping head Nicholas Fisher takes helm at Masterbulk and Westfal-Larsen Shipping
UK shipping gives London overwhelming vote of confidence Three-quarters of senior executives believe sector will grow over next five years, according to Maritime UK survey
Kang quits STX O&S AFTER a week of resistance, STX Offshore & Shipbuilding's founding chairman and CEO Kang Duk Soo finally gave in to creditors' demands to step down today
Glut pushes Asia/Europe box rates down ASIA/Europe rates are still dropping as an oversupply of slot space outweighs carriers' attempts at general rate increases for September
Nigeria boasts of 'robust' piracy security NIGERIA is a safe business haven despite piracy, the Nigerian Maritime, Administration & Safety Agency told Fairplay today during the Maritime London event
Holiday stocking heats up US box sector CONTAINER imports at major US box terminals are expected to grow 5.1% year-on-year in September, an importers representative body said today
US extends Iran waivers JAPAN and 10 EU countries have earned another waiver to US sanctions on Iran oil imports, IHS World Markets Energy reported today
Capesize period charters up as BDI rallies MORE Capesize period charter hires are on the market as the Baltic Dry Index continues to rise
China's exports rise CHINA'S exports were $190.61Bn in August, 7.2% higher than the previous August total
Siem, Birch Hill buy half of Secunda Canada SIEM Offshore and Birch Hill Equity Partners have acquired a 50% stake in Secunda Canada, which owns six offshore support vessels
Subsidies planned for Fuzhou port, companies CHINA'S Fuzhou Port Administration expects a subsidy of about Rmb100M/year ($16.34M) from local government until 30 June 2016
A first for Chinese breakers DALIAN Shipbuilding Industry's ship recycling facility has bought its first ship without a Chinese owner in a deal that has got brokers talking because of the price offered
Wisdom eyes London listing BULKER group Wisdom Marine plans to become the first Taiwan group to list in London
Beijing approves Dalian LNG second phase CHINA'S oil giant CNPC has won government approval on building the second phase of a Dalian LNG terminal
Navig8 Product Tankers trades OTC in Oslo TRADING in shares of Navig8 Product Tankers started today on the Oslo bourse's over the counter list
Union sees wages settling crew's strike MARITIME Union of Australia's Port Kembla branch told Fairplay today that wages to settle a strike by seafarers there are due to arrive tomorrow
UASC joins intra-Asia club UNITED Arab Shipping today joined its peers in tapping the growing intra-Asia box shipping market
US Imports Via Rail From Mexico Continue to Climb U.S. Cross-Border Imports from Mexico Full-size image U.S. cross-border imports from Mexico via rail jumped 10.8 percent in June 2013, according to data from the U.S. Bureau of Transportation Statistics. Rail imports from Mexico have seen year-over-year increases for the past 17 months. U.S. imports by rail from Mexico totaled $3.7 billion in...
CSX's Double-Stack Intermodal Project Advances CSX now offers double-stack intermodal rail service between Chambersburg, Pa., and Northwest Ohio. Photo courtesy of CSX.Phase 1 of CSX's National Gateway project has been completed, with the National Gateway coalition launching double-stack intermodal rail service between CSX's existing terminal in Chambersburg, Pa., and its hub facility in Northwest Ohio. The...
NJ Governor Vetoes Truck Operator Independent Contractor Act New Jersey's Gov. Chris Christie has vetoed the Truck Operator Independent Contractor Act, which would have reclassified port truckers and parcel delivery truckers as employees, instead of as independent contractors, according to Assemblyman John S. Wisniewski, who sponsored the bill. Wisniewski, Deputy Speaker and chair of the Transportation, Public Works and...
Netherlands Tops Port Infrastructure Ranking The chemical tanker Wilhelmine Essberger moored in Rotterdam in August 2012. Photo: TonyV3112 / Shutterstock.comThe Netherlands' port infrastructure has been ranked as the best internationally by the World Economic Forum, according to its Global Competitiveness Report, which analyzes the competitive position of national economies worldwide. "The fact that the Netherlands has...
FEC Names Constantini VP, Chief Transportation Officer William R. Costantini has been named vice president and chief transportation officer for Florida East Coast Railway (FEC), effective Sept. 16. He will be responsible for FEC's rail transportation network and terminal operations. "Will's many achievements and logistics background in the Marine Corps provides FEC with the talent and skill for...
US Cross-Border Truck, Rail Trade With Canada Down in June U.S. Cross-Border Trade by Truck With Canada Full-size image U.S. cross-border traffic with Canada via truck and rail declined 2.1 percent from $39.2 billion in June 2012 to $38.4 billion this June, according to data from the U.S. Bureau of Transportation Statistics. The value of imports by rail from Canada did, however, see...
Report: Retailers Stocking Up for Holiday Season Import volume at major U.S. retail container ports is expected to rise 5.1 percent month-over-month in September, as retailers head into the holiday season, according to the monthly Global Port Tracker, published by the National Retail Federation and Hackett Associates. "Retailers are making up for the slow imports seen earlier in...
Maersk's Triple E Ship Calls at Morocco's Tanger-Med Port Longshoremen at APM Terminals Tangier welcome the 18,000-TEU Maersk Mc-Kinney Moller.The M'rsk Mc-Kinney Møller has called at the Tanger-Med port in Tangier, Morocco, its latest visit on its first service loop in Maersk Line's Asia-Europe service. The 18,000 20-foot-equivalent unit vessel was handled by APM Terminals Tangier, which moved a vessel...
Low Sulfur Bunker Fuel Prices Dip Following Prior Week's Climb Bunker fuel prices - Rotterdam Full-size image Spot prices for low sulfur bunker fuel edged down in the week ending Sept. 6, but held on to most of the prior week's $9 per metric ton increase, according to daily BunkerVision price data via international marine fuel oil broker LQM Petroleum Services. Low sulfur...
Tompkins Supply Chain Consortium Honors Top Industry Executives at Leadership Forum RALEIGH, NC, and ATLANTA, GA. September 6, 2013 - The 2013 Tompkins Supply Chain Leadership Forum, held August 26-28 in Atlanta, brought some of the world's brightest supply chain and logistics executives together to network and learn how to reinvent their supply chains to better meet customer demands. Supply Chain Consortium awards...
L.C. van Tiel Logistics B.V. to represent XLProjects L.C. van Tiel Logistics B.V. provides special transport worldwide. They are a reliable partner for forwarding and shipping exceptionally large or heavy cargo. Road transport is served by their own new lorries and trailers which are specially equipped for over-dimensional loads. Thanks to their technical expertise, years of experience and international...
NOL names Bruno Sidler to Board of Directors SINGAPORE, 9 September 2013 - NOL Group today announced the appointment of Bruno Sidler to its Board of Directors. Mr Sidler is the Chief Operating Officer of market expansion services group DKSH Holding Ltd., which is listed on the SIX Swiss Exchange. Mr Sidler will join the NOL Board on 16 September 2013 and he...
New German Federal Office of Economics and Export Control Security Accreditation Process Praised by AdvanFort Company Washington, D.C., - Global maritime security services provider the AdvanFort Company today praised new accreditation criteria for Private Maritime Security Companies (PMSCs) working on German-flagged vessels that raise required standards but are also professionally flexible. "Key to this process is that the Federal Office of Economics and Export Control (BAFA)...
OIA Global Announces Global Corporate Headquarters Relocation PORTLAND, Ore., Sept. 9, 2013 /PRNewswire/ -- OIA Global (OIA), a leading worldwide transportation, supply chain management and packaging solutions provider, announced today that the company will relocate its Global Headquarters from Northeast Portland to the revitalized waterfront district in Portland. The company has leased two full floors, totaling approximately...
Purolator International Appoints Richard Denhart District Sales Manager of Its Southern District Richard Denhart, a sales and marketing executive with over 20 years of experience in air and multi-modal transportation services, has joined Purolator International as District Sales Manager of its Southern District. Purolator International is the leading provider of cross-border logistics between the U.S. and Canada and a subsidiary of Canada's...
Going Global: Building a Sustainable Logistics Model in the Age of Globalization Globalization puts forward opportunities to companies of any size who can effectively provide or source products and services in dynamic markets. Review our white paper and learn: How to gain a competitive advantage through global transportation logistics Factors that influence international shipments Five characteristics of a global TMS and why companies worldwide should...
Regional Shifts in Maritime Piracy and Possible Solutions Theodore Karasik, Director of Research and Consultancy at the Institute for the Near East and Gulf Military Studies in Dubai, and The Journal of Commerce Senior Editor Peter Leach discuss reasons behind the decline and rise in piracy incidents in different areas of Africa, the very real and far-reaching human toll of...
UASC Challenging Top Carriers After Mega-Ship Order United Arab Shipping Company's order for 10 mega-ships represents the first challenge to the market supremacy of major ocean carriers since Chinese lines, Coscon and China Shipping Container Lines, burst into the market in the late 1990s, according to Drewry shipping consultants. The order for five 18,000 20-foot-equivalent unit ships and...
Cosco Pacific to Boost Piraeus Container Capacity Cosco Pacific is set to boost capacity at its container terminals in Piraeus, Greece, amid reports that the company plans to bid for a majority stake in Greece's largest port. The Hong Kong-based terminal operator is reported to have agreed to terms with the Athens government to invest around €225 million...
Band-aid on bullet wound? Rates tied to capesize bulkers trading in the spot market continued to climb Monday but some fear the rally will be short-lived.
Indo nickel deals continue Bulker operators may be growing increasingly concerned about the carriage of Indonesian nickel ore but many are still willing to roll the dice.
Tanjung prices share sale Malaysia's Tanjung Offshore has priced an upcoming private placement that will fund the next stage of its expansion.
Essar seeks $1bn Indian group Essar Ports is looking to raise up to $1bn through new share sales to fund its various expansion projects.
Siem's Canadian capture Norway's Siem Offshore has bought a 50% holding in shipowner Secunda Canada for CAD 16.25m ($15.66m) in cash.
Teekay stretches FPSO Teekay Corp has extended a charter contract for one of its floating production, storage and offloading (FPSO) units in the North Sea.
ITF targets Asia The Maritime Labour Convention (MLC) will be on the agenda as the ITF union launches vessel checks in Asia.
Hash ship sparked up The crew of a general cargoship smuggling 30 tonnes of hashish across the Mediterranean set fire to their stash and abandoned ship prior to being busted.
Vessel held over MLC Danish authorities detained their first vessel under the IMO's new Maritime Labour Convention (MLC) last week.
Coeclerici strikes again Italian group snaps up second coal-trading company in a week as it bets on bulkers.
Jaya shares jump Shares in Singapore-listed Jaya Holdings bounced today after the company announced it has undertaken a strategic review.
UASC goes intra-Asia Kuwait's UASC is launching a joint run in Asia together with CSCL.
Smart was "slammed" The Greek capesize Smart was grounded off South Africa by a huge swell that "slammed" its stern on to the sea bed.
Kang ousted at STX O&S Kang Duck-soo will step down as chief executive officer (CEO) of an STX Group company for the second time in as many months.
Young Bros grows again Hawaiian container line Young Brothers has pushed up second-quarter volumes as the island state's economic recovery continued.
KDM eyes expansion Ukraine's KDM Shipping is in talks over new vessels as it announced higher earnings for the first half of 2013.
Hellenic buys supramax Hellenic Carriers has made a rare incursion into the secondhand market to acquire a supramax bulker.
Ktistakis makes tax offer Former Greek bulker owner Lucas Ktistakis is prepared to pay more than $1.5m to settle a tax fraud case in the US.
Van Oord back at Damen Van Oord has ordered a new cable-laying vessel at Dutch group Damen Shipyards that will be used on offshore wind farms.
Fondrier joins McQuilling US brokerage McQuilling Services has boosted its dry bulk expertise with the recruitment of John Fondrier.
Freddie buys into Flex John Fredriksen has emerged as a significant shareholder in Oslo-listed Flex LNG financial disclosures show.
Shake-up at Masterbulk Masterbulk has hired Nicholas Fisher as chief executive as Westfal-Larsen looks to reinvigorate its dry cargo business.
U.S. helps small exporters tap European markets U.S. small businesses currently exporting to the European Union will have the opportunity to voice their concerns on existing EU trade barriers through a series of cross-country roundtables arranged by USTR and SBA.
U.S. supports intelligent transport system for Colombia
CMA CGM raising Europe-U.S. rates The French carrier said on Oct. 1 it will raise freight rates on dry and reefer containers moving from North Europe to the U.S. East and Gulf coasts, Canada and Mexico by $150 for 20-foot containers and $200 for 40-foot containers.
China Shipping denies link to P3 The alliance, announced in mid-2013 and due to take effect in the second quarter of 2014 pending regulatory approval, would formally link the three largest carriers - Maersk, MSC, and CMA CGM - on the three major east-west trades.
BNSF: $625 million for improvements in Texas, Missouri and Kansas
NOL names Panalpina/CEVA vet Sidler to board
Caribbean lines to assess peak season surcharge
Batten plans to grow Coyne
Retail imports to grow in September Retail import volume will grow to 1.48 million TEUs at the largest domestic ports in September, a 5.1-percent increase in activity over the same period last year, according to the most recently released Global Port Tracker.
Prices firm across Europe But distillates fell in Rotterdam.
Strike looms at UK port Dispute flared up over changes to terms and conditions.
Asia fuel oil market 'looks grim' Oversupplied market for at least the next three weeks.
UK event to focus on marine renewables Wave and tidal energy forms centrepiece of wider marine strategy.
IFO prices show little movement in Asian markets Supplies 'a little tight' in Tokyo Bay.
SPO to add fourth 'fuel-efficient' AHTS to fleet Vessels in the D class series feature a design that is focused on maintaining fuel efficiency, says firm.
Freed tanker bunkers in Fujairah Iran says it has received 'letter of guarantee'.
Navy ship survey gets major upgrade Hull coating offers fuel savings and improved performance.
Singapore bunkering firm takes court action Chinese shipping firm said to owe six months' worth of bunker bills.
Chinese yard develops electric propulsion technology Development will lower China's dependence on imported parts.
Kochi OPL bunkering manages a monsoon first Shree Krishna XV delivered bunkers throughout the monsoon season at Kochi OPL.
Marine renewable energy system up for award EMP's Aquarius MRE System nominated for 2013 Ship Technology Awards.
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