Rate volatility could be reduced through better understanding of costs Analyst argues for long-term relationships based on cost transparency, not spot trends
Concordia Maritime chief to shift time charter vessels into the spot market Noren sees upside potential for spot earnings to rise as product tankers market improves
Leading forwarder supports vessel withdrawals at times of oversupply But Panalpina's Tsang also calls for improved communication in the supply chain
KDB renews efforts to sell Daewoo stake State bank tries to recoup funds in world's second-largest shipbuilder
Brownrigg welcomes UK government and maritime industry unity Common purpose brings two sides together to showcase British shipping
Big fish in ever smaller sea The merger of DNV and GL could pave the way for other mergers, with increased competition for classification and consultancy
A new type of class DNV GL Group looks to secure market position
Dry run Does the current dry bulk rally represent only a rehearsal for success, or the real show?
European freight forwarders signal rising volumes Danske Bank's cargo sentiment survey suggests expansion over the next two months
OECD examines ports' boost to economies Tonne of port throughput associated with $100 of economic value added
Vessel held in Denmark for failing to comply with MLC Liberia-flagged supply ship's crew contracts were not up to scratch
Willis launches insurance product linked to labour convention Offering covers flag states' legal liabilities resulting from crew abandonment
Paragon plots $25m share issue to fund ultramax swoop Pair of 63,500 dwt newbuildings will come from private affiliate Allseas Marine
Bunker industry is shipping's new banker Shipping needs financial assistance
CSIC raises $1.4bn to acquire naval and warship assets State-backed shipbuilder intends to reposition as industrial conglomerate
UK High Court sanctions proposed settlement with Vinashin creditors Indebted Vietnamese state shipbuilder defaulted on $600m loan in 2010
Economies of scale A unique mariner training facility in the UK has recently acquired its first containership
No dummies in the ICS Institute of Chartered Shipbrokers examination
DNV GL goes live tomorrow GERMAN and Norwegian classification societies GL and DNV said today they would start functioning as a single company tomorrow, having cleared the final regulatory hurdle for their combination plan
US flag 'tipping point' seen US-FLAG vessels and their crews risk being permanently lost to foreign flag states if Congress does not vote to fund the US Maritime security programme, MarAd has warned
EIA: US demand dives for crude imports A DRAMATIC shift towards US domestic crude production and away from tanker imports is accelerating, according to the EIA
Mitsui E&S plans LNG carrier collaboration JAPAN'S Mitsui Engineering & Shipbuilding told Fairplay today it planned to collaborate with compatriot yards to win LNG carrier orders
Chinese ship completes Arctic voyage to Europe COSCO Shipping's general cargo ship Yong Sheng has arrived in Rotterdam from Dalian, making it the first Chinese merchant vessel to complete the journey via the Northeast Passage
Dunkirk/St Petersburg box service planned DENMARK'S Unifeeder, the shortsea box liner, said today it plans a weekly Dunkirk/St Petersburg service
Crew paid at last in Kembla STRIKING mariners in Port Kembla received all their back pay today and are headed for Sydney to fly home to Egypt
China cabotage rebounds CHINA's bulk cabotage rates have rebounded 15.8% from a record low, pushed up by a rise in coastal coal shipping, a report said today
Ust-Luga volume rises 37% UST-LUGA port's cargo volume grew by 37% to 40M tonnes for the eight-month period to 31 August, according to Russian Association of Trade Sea Ports figures
Bulker crew rescued in China A CHINESE bulker crew has been rescued after their vessel ran aground on a reef in Guangdong Province, safety authorities reported
Shin Yang's profits drop 95% MALAYSIAN shipowner and builder Shin Yang Shipping said its profits fell by 95% year on year in the full year ended 30 June
Former ILA President Richard P. Hughes Jr. Dies Richard P. Hughes Jr.Former International Longshoremen's Association President Richard P. Hughes Jr. died today at the age of 79 in Baltimore, Md. Hughes served as eighth president of the ILA, from July 2007 until July 2011, and was elected ILA president emeritus at the union's 2011 convention. "The International Longshoremen's Association is...
Will Shuster's WRRDA Lesson Connect? Ports would get more from the Harbor Maintenance Tax for dredging and other purposes under reform legislation.WASHINGTON, D.C. - U.S. Rep. Bill Shuster, R-Pa., has spent the last months bringing his colleagues up to speed on a less-than-sexy major port and inland waterway bill, pushing a media blitz involving Twitter...
US House Committee Leaders Introduce Water Resources Bill U.S. House Transportation and Infrastructure Committee leaders today introduced the Water Resources Reform and Development Act, which aims to streamline the infrastructure project delivery process. H.R. 3080 was presented by Reps. Bill Shuster, R-Pa., chairman of the committee; Nick J. Rahall, D-W.Va., committee ranking member; Bob Gibbs, R-Ohio, chairman of the Water...
India's Container Traffic Falls Container volume at India's major state-owned ports slipped 4.37 percent during April to August from a year earlier, but total throughput was nearly 2 percent higher, according to the latest traffic data released by the Indian Ports Association. Box traffic for the first five months of fiscal year 2013-14 was estimated...
Zim Revises Asia-Med Service Zim Integrated Shipping Services is reorganizing the port rotation of its independent Asia-India Subcontinent-East Med Service, known as the AME Service. The changes include a new port call at Ningbo, China, and suspension of an existing call at Colombo, Sri Lanka. The revised AME rotation will be as follows: Xiamen, Ningbo, Shanghai,...
New Truck Services to Link China, ASEAN International overland connections between Southeast Asia and China will flourish with the launch of the ASEAN Economic Community in 2015, according to one leading logistics provider. The AEC will create a common market in Southeast Asia by reducing or removing thousands of existing trade tariffs and administrative hurdles. Aided by the...
FedEx's Fred Smith to Deliver Keynote at 2014 TPM Conference FedEx Corp. Founder, Chairman and CEO Frederick W. Smith will deliver the opening keynote address at JOC Group's TPM 2014 conference next March. The three-day event, put on by JOC Group, again will be held in Long Beach, Calif. The annual conference brings together approximately 2,000 attendees for networking and discussion...
Danger in the Suez It is, to say the least, one of the more disturbing images in recent ocean shipping memory: A Cosco container ship, transiting one of the world's most important shipping arteries, when first one, then another rocket-propelled grenade is launched at the exposed vessel. The shaky video of the Suez Canal attack...
House Members Goad Marad, FMC on Regulation WASHINGTON, D.C. - U.S. legislators on Sept. 10 vowed to strengthen the nation's maritime industry, as the Merchant Marine faces rough waters and many in the ocean shipping industry are pushing back against a proposed Federal Maritime Commission rulemaking.The Maritime Administration has been "dragging its feet" in rewriting cargo preference rules,...
Drewry Eastbound Trans-Pacific Rate Erodes Drewry Container Rate Benchmark, Sept 11, 2013 Full-size image The average spot freight rate in the eastbound trans-Pacific trade fell $100 per 40-foot-equivalent unit this week, giving up much of the $250 per FEU gain seen last week. The Drewry benchmark rate for shipping from Hong Kong to Los Angeles dropped to $1986 for...
ILA to Remain AFL-CIO Affiliate The International Longshoremen's Association, AFL-CIO today announced that it will remain an affiliate of the American Federation of Labor, Congress of Industrial Organizations, an unexpected outcome following the International Longshore and Warehouse Union's disaffiliation with the AFL-CIO. The ILWU, which represents West Coast dockworkers, disaffiliated with the labor group earlier this...
FedEx's Fred Smith to Keynote JOC Group Inc.'s TPM 2014 Conference NEWARK, N.J. - JOC Group Inc. today announced that FedEx Corp. Founder, Chairman and CEO Frederick W. Smith will deliver the TPM 2014 opening keynote address. Timed in early March, at the start of the service contract negotiating cycle for the eastbound trans-Pacific container trade, TPM is a substantial three-day...
Inventory Restocking to Help Boost US Imports This is the season when Major League Baseball teams watch the scoreboard for updates on the standings. Container lines and shippers are doing the same thing with economic news as they seek clues to future demand. Some clues are well-hidden. Economic indicators have been choppy as the U.S. continues its protracted...
Panama Canal's Sabonge: Canal to Recapture Much Suez Traffic Panama Canal locks under construction. Photo courtesy Panama Canal Authority (ACP).The Panama Canal in 2015 will regain much of the U.S. East Coast container cargo that is being diverted now to the Suez Canal route, according to Rodolfo Sabonge, the canal authority's executive vice president of market analysis and research. However,...
Purolator International Appoints Diana Turner As Manager of its Cincinnati-Kentucky Branch Jericho, New York - September 10, 2013 - Diana Turner has joined Purolator International as Manager of its Cincinnati/Kentucky branch. Purolator International is the leading provider of cross-border logistics between the U.S. and Canada and a subsidiary of Canada's largest integrated delivery services provider, Purolator Inc. The company has expanded...
Merger of Ship Classification Societies Gets Final OK Det Norske Veritas and Germanischer Lloyd will launch the world's biggest ship classification society on Sept. 12, after receiving the final antitrust approval for their merger. The Norwegian and German companies said China has followed the European Union, the U.S. and South Korea in approving the merger, which they announced in...
UK marine engineering roundtable debates alarming new skills gap survey results London, 10 September 2013: Engineering leaders convened yesterday (9 September) at the start of London International Shipping Week (LISW) for a roundtable discussion on the extent of the industry's skill shortage. The event was one of the first to bring together representatives from the UK naval and defence, commercial, leisure,...
Port in the City Day as popular as ever Montreal, September 10, 2013 - The Port of Montreal's Port in the City Day, held on Saturday, September, 7, once again provided thousands of Montrealers with the opportunity to discover their port. More than 2500 people enjoyed a free one-hour port cruise aboard Croisières AML's Cavalier Maxim over the course of five...
Purolator International Appoints Lisa D. Albritton as Manager of its Raleigh-Durham Branch Lisa D. Albritton has joined Purolator International as manager of its Raleigh-Durham branch. Purolator International is the leading provider of cross-border logistics between the U.S. and Canada and a subsidiary of Canada's largest integrated delivery services provider, Purolator Inc. Its Raleigh - Durham Branch is one of six Purolator International...
Kambara-kisen signed the contract with a service provider 'CyberLogitec Co.,Ltd.' (Seoul, Korea) for Japan's AFR*. Kambara-kisen signed a contract with Japan's AFR Service Provider 'CyberLogitec Co.,Ltd.' - CyberLogitec is ranked on the Japanese customs' authorized service provider list for Japan's advance filing rule(JAFR) - CyberLogitec launches a new Japan's AFR service for Carriers and NVOCCs in foreign countries through OPUS SmartLink*. Seoul, South Korea - Sep 11,...
Jumbo bags pipe deal Jumbo has won a contract with Malaysian pipelayer Sigur Ros that will bring work for a heavy-lift vessel in the Mediterranean.
Concordia to rise Italian authorities are targeting next week to begin an an operation to right the capsized Costa Concordia cruiseship off Italy's Giglio Island.
Harvey Gulf looks abroad Harvey Gulf International Marine is pursuing an acquisition that would propel the US player into global offshore vessel markets.
Seacor orders at Nassco Seacor Holdings has ordered a pair of products carrier newbuildings at US shipyard General Dynamics Nassco.
NNA raises $100m Navios Maritime Acquisition (NNA) has sold $100m of shares in an offering backed by its parent Navios Maritime Holdings.
Navios Holdings ties up two Angeliki Frangou-led Navios Maritime Holdings has announced charter contracts for the two latest additions to its fleet.
Katsipis denies OWS dodge A Greek chief engineer has told a US court that he would never have risked bypassing his bulker's oily water separator (OWS) to dump oil.
Green light for DNV GL The merger between DNV and Germanischer Lloyd has cleared its last regulatory hurdle after China approved the deal.
Cruiseship master dies The captain of a Phoenix Cruises vessel has died from a heart attack on his ship.
Trafigura to Batista rescue Trafigura is in talks to buy a controlling stake in a new Brazilian iron ore terminal from cash strapped billionaire Eike Batista.
Anek reduces red ink Greece's Anek Lines has cut its first-half loss in tough markets as it slashed costs and dropped routes.
Second drugs ship torched A general cargoship crew set fire to their vessel off France as a warship closed in during a drugs bust, the second such incident in the Mediterranean in a matter of days.
Icon prepares $150m IPO Malaysian offshore vessel owner Icon Offshore appears to be closing in on an initial public offering (IPO) in Kuala Lumpur.
K Line big on bonds Japan's K Line is aiming to raise JPY 50bn ($498.64m) from a sale of convertible bonds.
STX denies mass layoffs STX Offshore & Shipbuilding has denied suggestions it is plotting massive job cuts as it seeks to slash costs to stem the flow of losses.
Radiance orders double Singapore IPO candidate Pacific Radiance Group is boosting its fleet with an order for two platform supply ships (PSVs) in China.
KHI to aid Brazilians Kawasaki Heavy Industries is to build hull parts for a drillship ordered in Brazil as part of a technical co-operation.
Five for Donggang China's state-owned shipbuilder CSIC has announced an order for five small chemical tankers.
RAL loss widens Maintenance costs for Royal Arctic Line's (RAL) older vessels have been blamed for a bigger first-half loss.
Laytime language revised A Bimco-led shipping industry working group has made the first revisions to laytime definitions in more than twenty years.
Vinashin in legal ruling Vietnam Shipbuilding Industry Group (Vinashin) has secured UK High Court backing for its long-running restructuring efforts.
Pheranzy orders in China Pheranzy Offshore has ordered two platform supply vessel (PSV) newbuildings at Chinese shipbuilder Hongda Marine Co.
Cattle ship breaks down A livestock carrier loaded with 5,240 cattle has been forced to abandon its voyage to Israel due to mechanical problems.
COSCO explores Gulf, South American services With the expansion of the Panama Canal, COSCO Container Lines, part of the CKYH Alliance, is exploring adding more services in the Gulf of Mexico and a new services to South America, said Howard Finkel, the carrier's executive vice president.
ILA to remain in AFL-CIO The International Longshoremen's Association will remain an affiliate of the AFL-CIO, and the dockworkers' union president, Harold J. Daggett, will join four new vice presidents on the federation's executive council.
Report: Top domestic airlines among least fuel-efficient "Many, although not all, of the carriers with worse fuel efficiency than the industry average were, or subsequently have been, the subject of merger activity," the U.S. Domestic Airline Fuel Efficiency Ranking 2010 report said.
Spot truck rates rise during first week of September
European Parliament adopts new Customs regulations The Union Customs Code is a framework that provides new rules and procedures and firms up Customs practices that had initially been implemented on a case-by-case basis. It now awaits adoption by the European Council.
Business groups press Congress for TPA legislation
Policy leaders urge U.S. help with Libya democracy
FMC reviews 32 OTI license applications
IAG Cargo to increase Africa, Mideast services
American signs up for e-AWB
Descartes, Japanese partner offer home delivery solution
Rand McNally, Strategy Systems integrate solutions
Onset releases new temperature monitor
Do It Yourself: Lowe's creates house chassis fleet
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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