Asian shippers in U-turn on container weight checks Industry divided as IMO committee considers compromise proposal
UK must allow armed guards to train with appropriate firearms Biggest risk exposure is the 'guy with a gun on the boat', says Shell security chief
Ultra large boxship orders threaten smaller sectors As orderbook heads for 3.7m teu, rush for bigger vessels adds to chronic oversupply
Zim Rotterdam heads for London Gateway Boxship damaged by fire originally due to berth at Felixstowe, say data sources
'Opportunistic' investors prolong overtonnaging Banks lack shipping expertise to force lines to close, says DVB Bank's Horton-Jansen
MCA aims to grow UK ship register Agency responding to criticism about too much regulatory red tape
APL avoids artificially limiting capacity Owner tells conference company has reduced fleet in line with the delivery of newbuildings
Scapa Flow to be assessed as site for floating box terminal Study prompted by opening up of transarctic shipping routes and new ECA from 2015
IMO launches bid for sustainable maritime transport system Move will focus on economic, environmental and social aspects of shipping
Navios Acquisition eyes more tankers after $100m share issue Mother company Navios Holdings to take half of the new shares
Willis launches insurance product linked to labour convention Offering covers flag states' legal liabilities resulting from crew abandonment
Leand blasts 'closed' Hamburg shipping scene But Germans 'vastly more attractive' to investors than Greeks, says New York banker
Our maritime security - strategic lessons and future prospects In an exclusive article commissioned by Lloyd's List, the Royal Navy explains its role in the modern world, keeping open international trade lanes that underpin globalisation
Ethics is the UK's unique selling-point LISW success will be measured by inward investment gains, Maritime London's Barrow says
LISW is London's chance to shine City has been less effective than its rivals in promoting its maritime presence
Korean vehicle exports rise 40% in August SOUTH Korea's vehicle exports surged almost 40% year-on-year to 230,480 units in August
Royal Caribbean board bows to pressure BOARD members of Royal Caribbean will stand for re-election annually, following a vote on the contentious issue at a May shareholders meeting
Sembcorp wins rig order from Helix NEW YORK-listed Helix Energy Solutions has ordered a $346M semi-submersible well intervention rig from Singapore's Sembcorp Marine
Floating armouries boosted THE BRITISH government has boosted the tactic of maintaining armouries in high-risk waters
CSCL selling Lianyungang terminal control SHANGHAI-listed CSCL's terminal operating unit said today it planned to sell its controlling stake in a Lianyungang facility
CIMC signs new buy-charter deal with MSC CIMC'S financial leasing arm said in a bourse filing today it had struck the third buy-and-charter deal in its partnership with MSC
Iranian methanol cargoes to India rise INDIAN imports of Iranian methanol are rising, as sanctions are preventing the cargoes from reaching Europe and the US, the World Methanol Conference heard today
Indonesia sets record for coal to India INDONESIAN coal shipments to India hit a record in July, according to the most recently available shipping data
US backs fourth LNG export terminal THE US Department of Energy today approved the LNG export application for Cove Point, Maryland, accelerating its terminal permitting pace
Analysts Slash Growth Forecasts for Asia Most of Asia's leading economies sailed through the global financial crisis largely unscathed. So the about-turn in the continent's fortunes this year surprised analysts, most of whom have been forced to repeatedly downgrade previously bullish estimates for economic growth. Europe's economic travails, lower global commodity prices, the failure of some countries...
U.S. Intermodal Traffic Sees Highest Jump in 27 Weeks U.S. rail volumes through September 7, 2013 Full-size image U.S. intermodal volume for the week ending Sept. 7 climbed 6.7 percent year-over-year, according to the Association of American Railroads. This was the tenth straight year-over-year increase, and the steepest rise since the week of March 2. Combined North American carload volume for the United States,...
Imminent IPO for UK's 497-Year-Old Royal Mail The U.K. today unveiled plans to sell a majority of Royal Mail in a stock market flotation expected to value the 497-year-old state postal service at around £3 billion (about US$4.75 billion). The government said an initial public offering on the London Stock Exchange will take place "within weeks," with the...
Truckload Rates Inch Upward, Intermodal Pricing Flat, Cass Says U.S. truckload linehaul rates increased only slightly in August, while intermodal rates were essentially flat, according to the latest indices from Cass Information Systems. The Cass Truckload Linehaul Index rose 1.5 percent year-over-year in August and climbed 0.4 percent from July, while the Cass Intermodal Index rose 0.8 percent from a...
Roadrunner Acquires G.W. Palmer Logistics Roadrunner Transportation Systems has acquired all of the outstanding equity of G.W. Palmer Logistics for about $2.5 million, plus an earn-out capped at $2.8 million. The acquisition of G.W. Palmer Logistics, a non-asset truckload service provider based in Batesville, Ark., was financed with borrowings under Roadrunner's credit facility. G.W. Palmer is...
India's Trade Deficit Drops India's imports and exports through August 2013; year-over-year change Full-size image The value of India's exports jumped 13.0 percent year-over-year in August 2013, according to India's Ministry of Commerce. The trade deficit fell 23 percent from last August to $10.9 billion. "We are in firm positive terrain with exports growing in double digits....
Obama Taps Jaenichen as Permanent Marad Chief President Obama on Wednesday tapped the acting administrator of the Maritime Administration to take the reigns of the agency permanently. Paul "Chip" Jaenichen took the helm of Marad in June after David Matsuda stepped down from the post. The presidential nomination request was sent to the Senate for review. The U.S. Merchant...
US Agriculture Exports on the 'Grow' The volume of agricultural exports, especially those that move in containers, will be higher in the coming year than they were following the drought of 2012, according to agri-business shippers who addressed the South Carolina International Trade Conference this week. "Agricultural exports as a whole may go up, though the commodities...
Transforce Shares Begin Trading on OTCQX Market Montreal, Quebec, September 12, 2013 - TransForce Inc. (TSX: TFI ; OTCQX: TFIFF), a North American leader in the transportation and logistics industry, announces that its common shares began trading today in the United States on OTCQX International Premier, a segment of the OTCQX marketplace, under the symbol "TFIFF." Operated...
DHL gives efficient cargo handling a boost DHL Global Forwarding re-launches enhanced version of shipment management tool DHL Interactive (DHLi) IT solution offers convenient booking, tracking and instant reporting on shipments MIAMI, Fla. -September 12, 2013: DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL, has released an enhanced version of its web-based customer platform DHL Interactive (DHLi)....
Europe Sees Signs of Fragile Recovery Europe is finally emerging from its longest and deepest postwar recession, but the recovery is far from even across the continent and could yet fizzle out. The eurozone, which accounts for a fifth of the global economy, returned to growth in the second quarter, driven by a revival in exports from...
Q&A: Missing Goods? How to Prove It Q: We use a freight broker and made a small shipment with a national less-than-truckload carrier. Unfortunately, the shipment never reached its destination and was lost. We filed a claim with the carrier, but it denied the claim because it never received confirmation from the consignee that the freight never arrived....
UK Investor Offers to Buy Out Scandlines' Co-Owner 3i has offered to buy out Allianz Capital Partners' 50 percent stake in Scandlines.The U.K. private investor group 3i has offered to buy out its fellow owner of Scandlines following the failure to sell one of Europe biggest roll-on, roll-off shipping companies. The bid for the 50 percent stake held by...
Drewry Director: Container Trade Balance Unlikely Till 2015 Global container shipping capacity is increasing at twice the rate of demand, according to a Drewry director, and this indicates that equilibrium between supply and demand in the major east-west trade lanes will not be reached until 2015 at the earliest. It also appears that continued downward pressure on freight rates...
Air France-KLM's Cargo Traffic Drops French airline Air France and Dutch airline KLM merged in 2004. Source: Capital Photos.Air France-KLM reported its cargo revenue metric-ton-kilometers in August fell 1.3 percent, from 859 million in 2012 to 847 million in 2013. The decrease corresponded with a 0.9 percent increase in monthly available metric-ton-kilometers for the French-Dutch airline,...
Lufthansa Cargo Volume Down in August Lufthansa's main European competitors, Air France-KLM and IAG Cargo, also posted freight declines.Lufthansa Cargo reported traffic declined 1.3 percent year-over-year in August, as it prepares to take delivery of its first Boeing 777 freighter in October, followed by a second aircraft in November. The German, all-cargo airline carried 136,000 metric tons...
US Intermodal Rates Inch Down Overall index, week of September 9, 2013 Full-size image U.S. intermodal rates fell slightly in the week of Sept. 9, slipping from a 90-day high last week, according to data on all-inclusive 53-foot door-to-door spot pricing quoted by railroads and provided by the 3PL IDS. The overall rate declined $2 this week to $2,032,...
Sea Star Line Forms Charitable Relationship with the Wounded Warrior Project®, Sponsors Wounded Warrior Project 8K Run Jacksonville, FL - September 11, 2013 - Sea Star Line, LLC announced that it has forged a new relationship with the Wounded Warrior Project® (WWP) and was a major sponsor for the Wounded Warrior Project 8K Run held on Saturday, Sept. 7 in Jacksonville, Fla. "Sea Star Line is an active partner in...
More Than 1,000 FedEx APAC Volunteers Contribute During FedEx Cares Week HONG KONG, September 9, 2013 -FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYS: FDX) and one of the world's largest express transportation companies, will launch its sixth annual FedEx Cares Week in Asia Pacific. From September 7-15, more than 1,000 FedEx volunteers from 11 Asia-Pacific markets, including Australia, mainland...
The CMA CGM Group celebrates tomorrow its 35th anniversary 35 years ago, on September 13th 1978 in Marseilles, Jacques R. Saadé founded CMA, Compagnie maritime d'affrètement, and launched the first service linking Marseilles, Livourne, Beirut and Latakia. His vision and intuition subsequently led him to extend the company's activities in Asia and the rest of the world. Today, the CMA...
Harvey Gulf doubles fleet Harvey Gulf International Marine has struck a deal to buy up the assets and business of Gulf Coast rival Abdon Callais Offshore (ACO).
New model needed HSH Nordbank's restructuring manager Wolfgang Topp has revealed his blueprint for a new relationship between lenders and shipowners as both sides try to emerge from the slump.
CPLP keeps product pair Capital Product Partners (CPLP) has extended charters on a pair of chemical product tankers at slightly higher day rates.
Dalian's double deal China's Cosco Dalian Shipyard has revealed orders for new salvage ships and heavy-lifters.
The Lion City rising London may soon have to share its status as the world's maritime capital.
CIMC strikes again China International Marine Container (CMIC) is ordering two more boxships backed by charters to MSC.
PSV options for Guangdong China's Cosco Guangdong Shipyard has landed an offshore order for a potential eight vessels.
Bulk quartet for Zhoushan Cosco Zhoushan Shipyard in China has announced an order for four firm panamax bulkers.
NorYards hunts orders The new yard venture between Norway's Bergen Group and Ukraine's Zaliv Shipyard has announced new financing as it targets fresh contracts.
Stena eyes arctic route Stena Bulk of Sweden and Hyundai Glovis of South Korea are teaming up to transport oil through the Northern Sea Route (NSR) in the arctic.
Cape supply to tighten The company is predicting a scramble for spot tonnage when the strike at Drummond's coal mine in Colombia is resolved.
Thai ship ablaze in Jeddah A Thai general cargoship caught fire shortly after arriving in the Saudi Arabian port of Jeddah on Wednesday.
Bassoe bags broker Norway's Bassoe Offshore has brought in senior broker Tore Kulsvehagen from Lorenzten & Stemoco (L&S) to strengthen its team.
3i scooping up Scandlines Private equity group 3i has offered to buy out its partner in Baltic ro-ro owner Scandlines after failing to sell the company.
GREE sees strong start Greenship Bulk Trust claims to have outperformed the Baltic Surpmax Index (BSI) in interim figures released Thursday.
KLC in the clear A Korean court has thrown out a bid to block the sale of bankrupt Korea Line Corp (KLC).
Condor officers convicted Two Condor Ferries officers have been found guilty of manslaughter following a 2011 crash that killed a French fisherman.
Gulf of Mexico mission Oslo-listed owner Subsea 7 has won more than $70m of offshore work in the Gulf of Mexico.
Transmed ship detained A Transmed Shipping bulker has been detained in Canada for flouting the Maritime Labour Convention 2006 (MLC).
All change at Cargill Cargill has named David MacLennan as its next chief executive officer. He is due to take up the post on 1 December.
Helix orders Q7000 Helix Energy Solutions Group has ordered a second semi-submersible well intervention vessel at a yard in Singapore.
Pacific bulker boost Bulkers operating in the Pacific Basin look set to receive a boost from a major agricultural deal between the US and Taiwan.
Construction begins on ACL ships The official steel cutting ceremony for the fourth generation or "G4" ships took place this week at the Hudong Zhonghua Shipbuilding's new shipyard on Chungxing Island near Shanghai. The five ships are scheduled for delivery in 2015.
U.S. domestic freight shipments up in July
Röhlig acquires South American partner
China only lifts ban on hardwood lumber from Va., S.C. Cheng Hongjun, China's deputy director general for supervision of animal and plant quarantine, said fumigation proved effective in removing pests from hardwood, but the risk of softwood lumber carrying nematodes remained high.
WRDA bill dropped in House
Saudia Cargo expands capacity
DHL forwarding unit releases enhanced Web platform
Canada, U.S. asked to review hazmat classifications As part of its investigation into the Montreal, Maine & Atlantic Railway crude oil accident in Quebec on July 6, Canada's Transportation Safety Board has asked Canadian and U.S. authorities to clarify how dangerous goods are classified.
World Bank to survey logistics industry for 2014 report The survey, to be open for two months starting from late September, gauges the views of logistics operators express in developing and developed countries. Results will feed into the 2014 Logistics Performance Index.
Prices moving little in Rotterdam Bunker market reported to be quiet in Hamburg.
Prices firm in Fujairah Little price movement in South Africa.
A little clean air to go with that sunshine and sea breeze? Paying $10 per day more for a cruise holiday seems like a reasonable price to pay.
Don't be daunted by challenges ahead, IBIA CEO tells industry Bunker industry is facing big changes but has the wherewithal to respond.
Noble dropped from Singapore list of licensed suppliers The company had been among the top 30 suppliers.
Maersk takes plea for tougher sulphur checks to Paris MoU Wants more PSC checks on fuel from 2015 to deter non-compliance among operators who might be tempted by big fuel savings.
Banker talks ups 'eco' newbuildings Despite overcapacity, now a good time to buy.
Wrecked cruise liner ready to be 'rolled' off rocks Costa Concordia has been lying on its side for almost two years.
Asian IFO prices trading in narrow range Hong Kong-based traders reported low MGO demand.
ICS conference highlights 'three pillars' of sustainability Environmental concerns must not undermine efforts to maintain a sustainable shipping industry.
Singapore fuel oil stocks still climbing As they reach a three-month high.
Chinese fuel oil stocks slip East China saw weak demand for bonded bunkers.
No 'green light' for widespread LNG bunker market Fewer ships are using LNG than had been forecast a year.
Pacific Radiance orders two PSVs Company seeks to operate cleaner and more fuel efficient vessels.
New engine coating reduces fuel consumption Coating enables engines to operate at higher temperatures.
Satellite communications 'central' to improving efficiency The technology could reduce fuel spending and emissions, says Inmarsat.
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