Maersk and CMA CGM cancel November Asia-Europe sailings Lines blame lack of demand as they follow G6 in making cuts
Bureau Veritas aims to double its boxship market share Society lands deal to class three 16,000 teu vessels for China State Shipbuilding Corp
Drewry warns carriers to limit boxship capacity or ruin trade lanes of future Pouring too much capacity into the system means at some stage it will overflow, says report
Kalmar lands Antwerp straddle-carrier order MSC Home Terminal upgrades its handling equipment
SG Embiricos secures lucrative VLCC charter with Unipec Owner cashes in on China's thirst for oil to the tune of $17,000 per day
Intercargo criticises 'unacceptably high' bulk carrier deaths Fourteen deaths and nine serious incidents reported last year
DSME more than doubles its orders Scramble to book boxships and tankers boosts South Korea shipbuilder
Clubs could comfortably return 5% of free reserves to members, says Tysers Brokers predict increases of up to 12.5%
China's rising oil demand boosts VLCC employment Chinese oil imports have risen by 750,000 barrels per day, Lloyd's List Intelligence data shows
Berman joins Norton Rose Fulbright in New York Big-name lawyer is former Liberia registry executive
Jakarta court orders STX to compensate Indonesian mining unit Troubled South Korean conglomerate needs to pay out $90m in fresh blow
Russia's bunkering big boys play squeeze-out RUSSIAN government-run oil company Rosneft has said it hopes to consolidate bunker production and supply
Madrid fines Valencia port groups €43M SPAIN'S National Competition Commission has imposed fines exceeding €43M ($58.37M) on Valencia's port authority, transport and maritime associations, and companies at the port
PETRONAS-MMHE deal is worth up to €500M MALAYSIA Marine & Heavy Engineering has announced that its venture with engineering firm Technip will build offshore platforms for Petronas
US-flag cuts closing in TWENTY US-flag vessels that compete for international trade have moved dangerously close to losing their federal subsidies in line with the US government shutdown
Meyer Werft wins $960M order GERMAN shipbuilder Meyer Werft has won a €707.2M ($960M) cruise ship order from Genting Hong Kong
CS Haisheng predicts profits for 1-3Q13 SHANGHAI-listed CS Haisheng predicted today it would post Rmb77.5M ($12.6M) in profits in the first three quarters of 2013, on one-off investment gains
China's imported iron ore stockpiles drop STOCKPILES of iron ore at a sample of 25 major Chinese ports declined last week, according to a Xinhua-China iron ore index report
Search for passenger abandoned in Oz OFFICIALS have called off an air-sea search for a man who fell off the cruise ship Sun Princess off Australia's northwestern coast
Panamax rates supported A STEADY flow of coal cargoes and the Gulf of Mexico grain season continue to support the Panamax bulker sector
HHI seen trailing recovering rivals RECOVERY in the shipbuilding sector is expected to aid Hyundai HI less than its compatriot competitors, as shipbuilding comprises just 40% of HHI's business, Samsung Securities has warned
Viking Offshore sets up two subsidiaries SINGAPORE-based offshore player Viking Offshore & Marine said it has set up two wholly owned subsidiaries to hold investment holding functions
Penske Used Trucks Launches New Mobile Website READING, Pa., Oct. 9, 2013 - Penske Used Trucks has simplified and modernized online truck shopping for its customers with the launch of its new mobile website http://m.penskeusedtrucks.com which sells a wide range of commercial heavy-duty semi-tractors, medium-duty straight trucks, light-duty trucks, and semi-trailers. "Our full inventory is available on the mobile site and...
Chapman Freeborn and NATCO organize first ever Antonov AN-225 charter from Zurich Chapman Freeborn and NATCO Global Transport Solutions & Projects have successfully coordinated an Antonov AN-225 cargo charter to transport a 170-ton load from Switzerland to Bahrain. The joint operation to move a gigantic GT13E2 gas turbine rotor, a generator rotor and other outsize technical equipment to the Middle East was the...
UPS Launches First Guaranteed Standard Service To Mexico UPS® announced the launch of UPS Standard to Mexico ,a general service offering that provides customers with a guaranteed economical option for ground package delivery south of the U.S. border. UPS is the only logistics provider in the U.S. to offer to its customers guaranteed, door-to-door, small package ground service...
US Intermodal Rate Index Spikes $107 in Four Weeks Overall index, week of October 7, 2013 Full-size image The index for the week ending Oct. 7 of U.S. intermodal rates climbed for a fourth straight week, with eastbound rate increases continuing to pull the average up, according to data on all-inclusive 53-foot door-to-door spot pricing quoted by railroads and provided by the...
Teamsters to Vote on Strike Against ABF Freight The Teamsters union has mailed ballots to authorize a strike against ABF Freight System by its employees covered under the Central Region Local Cartage supplement. The comapny said it was notified of the mailing on Oct. 8. The supplement is one of 27 to the ABF National Master Freight Agreement. After "many...
Knight Transportation Lowers 3Q Expectations Knight Transportation has announced that it expects its earnings per diluted share for the third quarter to be in the range of 18 cents to 20 cents, down from its earlier projection of 22 cents to 24 cents. Knight Transportation, No. 23 on JOC's ranking of the Top 50 Trucking Companies,...
Mega-Ships Put Strain on Canada's Transportation Infrastructure Port of Halifax, Nova Scotia.The seemingly endless flood of large vessels into the global container trades has created a pressing need in Canada to invest in its seaports and inland infrastructure. Bigger ships require larger marine terminals, taller cranes and more and better inland infrastructure, Wendy Zatylny, president of the Association...
Drewry Eastbound Trans-Pacific Rate Falls to 19-Month Low Drewry Container Rate Benchmark, Oct 9, 2013 Full-size image The average spot freight rate in the eastbound trans-Pacific trade experienced another $100 per 40-foot-equivalent unit drop this week, the third weekly decrease of the same amount since a $250 jump in the week of Sept. 4, due to a Sept. 1 general...
G6 Alliance Cancels Eight Asia-Europe Sailings for Winter Members of the G6 Alliance have withdrawn eight Asia-to-Europe sailings, effective from late October 2013 to February 2014, in response to expected low demand during the winter season. The void sailings will be made on the following Asia-North Europe services: Loop 7 services in week 44, with an estimated time of arrival...
Financial Penalties Seen as "Most Effective" in Cutting Truck Turn Times Trucks entering terminal gates at the Port of Los Angeles.Marine terminals have measures at their disposal to improve gate times and eliminate long truck queues, but this increased productivity must be paid for by one or more parties to the transaction, according to transportation consultants. Philip Davies, principal, Davies Transportation Consulting,...
South African Trade Growth Decelerates South Africa's imports and exports through August 2013; year-over-year change Full-size image The value of South Africa's imports and exports continued to increase year-over-year in August 2013, although at a slower pace than in July, according to preliminary trade statistics from the South African Revenue Service. South Africa's imports were valued at 89.8...
Mama Bosso Outsources Perishable Food Fleet Operations to Ryder MIAMI, October 8, 2013 - Ryder System, Inc. (NYSE: R), a leader in commercial transportation and supply chain management solutions, announced it has been selected by Mama Bosso to provide three new refrigerated trucks under a Full Service Lease agreement. Mama Bosso, a frozen pizza brand based in Rock Island, Ill., will use the trucks to support its...
WCI Recognizes U.S. Army Corps of Engineers For Safeguarding American Public, Urges Continued, Safe Operation of Locks and Dams Arlington, VA--WCI recognizes the efforts of the U.S. Army, specifically Assistant Secretary of the Army (Civil Works) Jo-Ellen Darcy, along with the U.S. Army Corps of Engineers, for their efforts to protect the American public and safeguard the U.S. economy by keeping the lock and dam system on our inland...
SDV Launches Mobile App SDV has launched their mobile app for tablets and smartphones and is now available through the Apple Store and Google Play. The SDV app integrates the features of universal shipment tracking, alert management, information and geographic location. Using login and secure access codes, customers will be able to view their shipment...
Kewill Completes Acquisition of Four Soft MANCHESTER, UNITED KINGDOM and CHELMSFORD, MA--(Marketwired - October 08, 2013) - Kewill, a leading provider of multimodal transportation and logistics management software for seamless supply chain execution, today announced completion of the acquisition of the assets and subsidiaries of Hyderabad, India headquartered Four Soft Ltd. The assets of Four Soft including...
American Cargocare Controls Costs with CargoWise Chicago, USA, October 8, 2013Californian freight forwarder American Cargocare is set to streamline its internal operations and improve communications with global partners after adopting CargoWise's cloud-based logistics software, ediEnterprise. Rithy Oeurn, Operations Manager for American Cargocare, says CargoWise was the only software package that offered streamlined accounting, AMS and data transfer,...
Globe Tracker and SensorClip Announce Partnership Hamburg, Germany, October 9, 2013 - Globe Tracker International (GTI), a leader in global trade data sharing,autonomous asset tracking and monitoring, and related data analytics announced today its partnership with SensorClip ApS, a supplier of a new and sophisticated class of power alarm products for the mobile refrigerated industry. The companies will deliver...
Norfolk Southern supports National Fish and Wildlife Foundation restoration of longleaf pine forests across the Southeast NORFOLK, VA. - Norfolk Southern has received a grant from the National Fish and Wildlife Foundation (NFWF) to help manage and enhance its 6,200 acres of longleaf pine at the railroad's Brosnan Forest wildlife preserve and conference center near Charleston S.C. The NFWF recently awarded $3.1 million to 15 projects to support the...
Shipping Finance Lawyer Joins Norton Rose Fulbright's New York Office NEW YORK--(BUSINESS WIRE)--A seasoned shipping and corporate finance lawyer joins the global legal practice of Norton Rose Fulbright's US member firm as a partner. Brad Berman focuses his practice on maritime and corporate finance, offshore incorporation, including Marshall Islands and Liberian law, and private wealth planning. He has represented ship owners,...
D'Amico awaits 'window' D'Amico International Shipping does not appear to have abandoned plans to pursue an initial public offering (IPO) in New York, according to Michael Webber of Wells Fargo Securities.
Huber dives deeper Financial firm Huber Capital Management has swelled its stake in offshore vessel owner Cal Dive International, where it is already the largest shareholder, to nearly 17.3%.
To the victor... Today Makes Tomorrow of Taiwan (TMT) has survived the latest in series of campaigns aimed at having its Chapter 11 bankruptcy petition thrown out of court.
Navig8 in Oaktree pact Navig8 Group has teamed up with private-equity powerhouse Oaktree Capital to form a new chemical tanker venture.
G6 drops sailings G6 Alliance lines are chopping eight sailings from their winter programme ahead of expected demand falls.
Sembcorp wins Princess work Carnival Corp has put the last of its subsidiaries under the umbrella of a long-term repair and maintenance contract with Sembcorp Marine after a recent successful drydocking.
Genmar cashes aframax General Maritime (Genmar) is thought to have sold off one of its oldest tankers bought as part of a four-ship deal with Euronav in the late 1990s.
Far too close A UK navy lieutenant crashed his yacht into a Knutsen tanker despite having seen it from five miles away, a court heard.
Georgia holds Turkish ship A Turkish general cargoship has been detained in Georgia for alleged pollution.
OSV orders sinking A sharp slowdown in offshore support vessel orders could see 2013 produce the second fewest newbuilding contracts in a decade, Credit Suisse says.
Banks mull OSX seizures Creditors of OSX are weighing up the possibility of seizing a pair of FPSOs belonging to the embattled Brazilian shipbuilder, it is claimed.
Navios bags $40m from DVB Angeliki Frangou's Navios Maritime Holdings has secured a $40m loan from DVB Bank to help pay for four vessels.
Atlantis goes in-house The fleet of German-owned Atlantis Tankers will now be fully managed by sister operation Armona Denizcilik of Turkey from November.
Runaway bulker caught The drifting Bangladeshi bulker Bright Royal has been taken under tow off Vietnam.
Red ink hits OSG again Overseas Shipholding Group remained firmly in the red in the second quarter as its first half loss stretched close to $200m.
Tas set for take-off Malaysian shipbuilder Tas Offshore is set for bigger and better things after making its breakthrough into a thriving new market.
Indian cover expires Tankers, bulkers and boxships have been left stranded by India's failure to renew P&I approvals for Iranian clubs.
Guests flee fishy ferry Passengers were forced to evacuate a ferry off Norway after water used to clean out a fishy cargo tank flooded cabins.
SCI freedom at risk State-owned Shipping Corp of India (SCI) could lose its hard-won financial independence if it posts a third year of losses.
Duo target Mexico Singapore's KS Energy looks set to break into Mexico's offshore drilling market after teaming up with a local conglomerate.
Vernicos Zouros buys again Greek joint venture Vernicos Zouros has added another tug to its fleet.
LSC takes on taxman Philippines feeder operator Lorenzo Shipping Corp (LSC) is fighting to avoid what it considers a groundless demand for back-taxes.
Marco Polo eyes $40m Marco Polo Marine is reportedly looking to raise up to SGD 50 ($40m) from a three year unsecured bond issue.
Cowen upbeat on OSVs Cowen Securities says shares in offshore supply vessel (OSV) operators offer 'significant upside' for investors.
Volumes set to surge Inbound container volumes at major US ports are set to boom in October, despite the shutdown of the government.
Matson earns top marks A leading US investment bank appears to be making good on a promise to expand coverage of maritime equities after adding three publicly traded owners to its lineup.
Rose to retire from Expeditors in March Peter Rose has worked at Expeditors since 1981 and served as CEO for 25 years. He will keep his position as board chairman until the summer of 2015 to help the new CEO transition into the position.
Carrier Transicold reefer unit uses CO2 as refrigerant
G6 Alliance implements Asia-Europe winter program Liner carrier members of the alliance have announced the withdrawal of eight Asia-Europe sailings from late October 2013 to February 2014 in response to expected low demand over the winter season.
Driver strike could affect D.C. freight flow Truck drivers are planning to protest various grievances this weekend by traveling around three lanes of the Capitol Beltway at 55 mph from Friday to Sunday, according to FreightWatch Internaional.
Knight Transportation lowers guidance
Air Canada looks to Europe
Kewill completes Four Soft acquisition The assets of Four Soft, including more than 500 employees, have transferred to Kewill, creating a business with more than $110 million in revenues and 7,500 customers across more than 100 countries. The deal was first announced Aug. 13.
Mixed trends in European markets Tight avails reported in Istanbul.
Fujairah avails 'mixed' In South Africa, IFO prices were softening but distillates firmed.
Wartsila aims for slice of US dual fuel market Move will 'accelerate the adoption of LNG as a marine fuel in the US'.
'Ship care' programme has growing customer base Intertek is expanding its UK ShipCare Coordination Centre.
Fujairah player is 'continuing its healthy business' Subsidiary has established itself 'without effecting FNSA Fuel in any way'.
Russian oil major wants to take bunker market into its hands But independent companies play an important part in the St. Petersburg bunker market.
Lithuania stresses potential for LNG bunkering Terminal developer looks at providing 'small-scale LNG supply'.
New player in India's marine engine market Move follows earlier entrance into country's general engine market.
Shipping lines 'cutting bunker bills by $5.5 billion' 'Lower prices, slow steaming, and the deployment of fuel-efficient ships' have helped drive down spending on fuel, says Drewry.
Bunker prices climbing mid-week Avails tightening at Singapore port.
Panama bunkering dispute resolved Case was settled on Monday evening, company source tells Bunkerworld.
Banker highlights shrinking value and lifespan of ships Eco tonnage has halved the value of existing ships.
Titan Petrochemicals selects new auditor Selection will be subject to approval of Titan's shareholders.
Executive welcomes ordering spree for 'eco' tonnage But WR boss says good monitoring system essential.
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