Capesize rates rebound Brokers brace themselves for volatile markets and volume recovery towards year-end
ClassNK accelerates MOL Comfort probe Japanese class society vows to use its findings to enhance industry safety
India's box volume slump continues Top 13 ports report a 4% dip in first-quarter throughput
French state lands 6% CMA CGM stake Sovereign wealth fund appointees join boxship giant's board
German lenders' dominance in national ship finance is under attack PwC highlights influx of outsider institutional investors and an eastbound shift in gravity
Rising sun technologies Maritime Innovation Japan supports consolidation and develops better ships
Star Bulk books two capesizes at Shanghai Waigaoqiao Shipbuilding Two Japan-built ultramaxes planned as Greek firm pursues STX for debt and damages
New York judge grants STX Pan Ocean Chapter 15 protection Decision shields troubled South Korean firm from US ship arrests
Korea Development Bank backs Sinokor's tanker charter project with Shell State-owned bank arranges and leads in $294m loan deal
Risk and reward South Korea's yards are reaping the benefits of having seized the LNG challenge
Court will hear Rongsheng's case to retrieve $103m deposit Case stems from dispute over withdrawal last year from acquisition of Quanchai Engine
Intelligence firm doubles its Togo risk area as piracy spreads Nigeria and Benin areas are extended too
Star Bulk seals 'eco' orders NASDAQ-listed Star Bulk has made good on its promise to dedicate rights offering proceeds to 'eco' bulker newbuildings
Ezra bags $505M in deals SINGAPORE'S offshore contractor Ezra Holdings has clinched multiple projects in the North Sea, Africa and Mexico, worth an aggregate $505M
Statoil rewards $126M FSU deal to Emas STATOIL has awarded a transport and floater installation contract for two floating storage units, with an option for a third, to Emas-AMC
African risk areas grow BERGEN Risks Solutions told Fairplay today it has extended Gulf of Guinea risk areas because of a rise piracy attacks in Q213
Wind installations gain in Europe's offshore OFFSHORE wind turbine installation in EU waters is gaining momentum this year, which also boosts the tug, barge, heavy-lift and port sectors
VLCC charterers and owners test wills BOTH OWNERS of VLCCs and their charterers are testing each other after a busy month in which spot rates increased, broker and analyst sources said today
STX accelerates restructuring with STX Energy sale TX Corp said today that restructuring of the group - including STX Pan Ocean and STX Offshore & Shipbuilding - is gaining pace with yesterday's divestment of STX Energy
Analysts cautious on VARD ANALYSTS were today urging caution on VARD's shares, as the Singapore-listed Norwegian offshore vessel builder's winning streak has been hampered by operational problems at its Brazilian yards and a slowing orderbook
Chinese newbuilding orders doubled in 1H CHINESE yards' newbuilding orders increased 113.2% year on year to an aggregate 22.9M dwt in 1H13, the ministry of industry & IT said
Blue Belt seen slashing freight costs PLANS to ease customs formalities for ships carrying EU shortsea cargoes could slash many more millions than expected from door-to-door freight bills
Bullish Oz coal exports seen AUSTRALIA'S Bureau of Resources & Energy Economics has bullishly forecast a rise in coking coal exports from 158M tonnes this year to 218M tonnes by 2013
Profits fall 55% at Triyards SINGAPORE-listed Triyards Holdings posted profits of $7.5M for the third quarter ended 31 May, 55% lower year on year due to a 61% decline in revenues
Charterers resisting rate rise for Capesizes BROKERS told Fairplay today that after Capesize rates rallied early this week, to resistance from charterers is now applying pressure
Prompt requirements lift rates for Panamaxes PROMPT grain loadings from the Gulf of Mexico are lifting Panamax bulker rates, but brokers said a correction is expected once charterers come forth with forward dates
Slowdown Hampers Cochin Terminal Operations A go-slow campaign by dockworkers has affected normal operations at the Vallarpadam International Container Transshipment Terminal in India's Port of Cochin, according to local shipping sources. A shipping line agent at Cochin said unionized dockers are demanding wage improvements and additional benefits. "The DP World Terminal has been facing slight productivity and...
G&W's Year-Over-Year Rail Traffic Growth Slows Genesee & Wyoming, a major owner of short line and regional railroads in North America with significant operations in Australia as well, continued to experience year-over-year growth in June, although its traffic grew more slowly than in previous months. Its 2013 numbers, when compared to 2012, show extremely large increases...
ATA Says Competition for Drivers Remains High The turnover rate at large and small truckload carriers rose as a result of the improving economy and continued competition for well-trained, professional drivers, according to the American Trucking Associations' Trucking Activity Report. "Our data shows that competition for drivers across the industry remains high," said Bob Costello, ATA's chief economist,...
US Freight Shipments Continue to Rise The amount of freight carried by the for-hire transportation industry in May rose 1.2 percent from the previous month and 2.7 percent from May 2012, according to a Freight Transportation Services Index release from the U.S. Department of Transportation's Bureau of Transportation Statistics. The May index was 114.3, the highest level...
Super-Sized Terminal on the Horizon at Port of Oakland The Port of Oakland's board of commissioners has unanimously approved a lawsuit settlement that could produce the port's first super-sized terminal, Mercury News reports. The settlement, which will not be finalized until the seven-member board votes to approve it a second time later this month, allows SSA Terminals to end its...
JOC-ECRI Industrial Price Index Rebounds JOC-ECRI Industrial Price Index, week of July 12, 2013 Full-size image A closely watched indicator of inflation saw its second straight week-to-week increase, although it remained below its one-year average for the fourth consecutive week. The Journal of Commerce-Economic Cycle Research Institute index registered 122.09 for the week ended July 12, up 0.85...
Ocean Carrier Rate Revision Roundup for July 12 Major container lines have announced rate increases for a variety of trades, as detailed below, with most slated to take effect in August. Asia-Europe Four carriers have announced Asia-Europe rate hikes for Aug. 1: Hapag-Lloyd will boost rates for all cargo and container types from the Far East to the Mediterranean by $500...
ILWU Loses APL Maintenance Work at Oakland Terminal A work stoppage that shut down the SSA Marine terminal at the Port of Oakland for one shift this week apparently was in vain as the International Longshore and Warehouse Union will lose its equipment maintenance and repair work on APL equipment to the International Association of Machinists. The terminal won...
Napolitano Leaving Homeland Security Department Secretary Janet Napolitano testifies before the Senate Homeland Security Committee in 2012.Janet Napolitano will step down as secretary of Homeland Security in August after four years as one of the Obama administration's highest-ranking security officials. Napolitano announced her resignation today, saying she would be nominated as the next president of the...
Sona Enterprises Finds Accellos Warehouse Management System (WMS) Software Implementation Fast, Easy COLORADO SPRINGS, Colorado - July 11, 2013 - Accellos, a leading provider of supply chain execution software solutions, has issued a case study of AccellosOne Warehouse Management System (WMS) customer Sona Enterprises, a wholesale/distribution company. The Santa Fe Springs, California based company was running an out-of-date software version that ultimately prevented them...
Port of Tacoma named green supply chain partner fourth year in a row The Port of Tacoma's sustainability commitment has earned it an Inbound Logistics Green Supply Chain Partner honor for the fourth year running. One of five U.S. ports selected, Tacoma was recognized for its efforts to reduce seaport-related air emissions through theNorthwest Ports Clean Air Strategy, retrofit lighting to save energy, and find innovative solutions to...
Ryder Opens Two Natural Gas Fueling Stations in California MIAMI--(BUSINESS WIRE)--Ryder System, Inc. (NYSE: R), a leader in commercial transportation and supply chain management solutions, announced today that it has opened the first natural gas fueling stations in its North American network to serve both the general public and Ryder lease and rental customers. The Liquefied to Compressed Natural Gas...
Dreamliner Fire Shuts Runways at Heathrow London Heathrow Airport shut down two main runways briefly on Friday after fire broke out aboard a parked Ethiopian Airways Boeing 787 Dreamliner airplane. The runways reopened around 6 p.m. local time, but delays are expected. No passengers were aboard the plane at the time of the fire, the airport said....
Port of Oakland Press Release - Port of Oakland Welcomes New Commissioner Michael Colbruno Oakland, CA - July 11, 2013 - On Thursday, July 11, 2013, former City of Oakland Planning Commissioner Michael Colbruno began his service as a Port of Oakland commissioner, participating in his first Port Board meeting. Mr. Colbruno was nominated by Oakland Mayor Jean Quan and unanimously approved as a Port...
Odfjell Terminals signs Site Reservation Protocol in Le Havre Port, France Odfjell Terminals Europe and Grand Port Maritime du Havre (GPMH) have today signed a Site Reservation Protocol for a plot of land in the Port of Le Havre to develop a bulk liquid terminal. The planned terminal will be located inside the Port of Le Havre along the Grand Canal Maritime...
DFW International Airport Board Selects Sean Donohue As New CEO For World's Fourth Busiest Airport DFW AIRPORT, Texas, July 11, 2013 /PRNewswire-USNewswire/ -- After a comprehensive search process, the Dallas/Fort Worth International Airport Board of Directors approved the designation of Sean Donohue as the next Chief Executive Officer of the Airport during its regularly scheduled board meeting today. Mr. Donohue currently serves as Chief Operating Officer of Virgin Australia, headquartered in...
Port Authority applauds new business for local shipbuilding company TAMPA, Fla.-The Tampa Port Authority (TPA) is pleased that Edison Chouest Offshore (ECO), parent company of Tampa Ship LLC-the port's largest partners specializing in shipbuilding and repair-has announced major plans to expand its fleet and enlarge some of its facilities. Tampa Ship LLC is one of four U.S. affiliate shipyard sites...
FREE looks to the future The future of Greek bulker owner FreeSeas looks a lot brighter now that the first phase of its financial restructuring is in the rear-view mirror, according to CEO Ion Varouxakis.
KNOT seals dropdown Knutsen NYK Offshore is moving forward with a transaction that will see its shuttle tanker spinoff make good on a promise to pursue fleet expansion on the heels of a recent IPO.
Sten Allan Olsson dies Swedish shipping legend Sten Allan Olsson has died at the age of 96.
Saaremaa in the red Estonia's Saaremaa Shipping has posted a loss of EUR 3.8m ($4.95m) in 2012.
Awilco clears the air Rumours are circulating about the potential sale of new new and old vessels by Awilco LNG.
Odfjell heads to France Norway's Odfjell has snapped up a plot for a new tank terminal at Le Havre in France.
Prestige spill trial ends Court hearings over one of the most controversial and costly of tanker spills have ended in Spain although it could be several months before a verdict is delivered.
Star launches cape crusade Star Bulk Carriers has turned to Shanghai Waigaoqiao Shipbuilding in China for a pair of eco capesize vessels and is close to sealing a deal with a Japanese yard for a pair of ultramax bulkers.
China's rates crackdown China is to monitor the rates set by overseas shipowners in a bid to cut out any "price manipulation."
ClassNK eyes speedy result Japan's Class NK plans to speed up the investigation into the cracking of the MOL Comfort after the remainder of the vessel sank near Yemen.
HSH: more charges? Moody's has cut German lender HSH Nordbank's long-term rating over concerns of further losses from its shipping portfolio.
Fredriksen unmasked John Fredriksen's Frontline 2012 has made another addition to its newbuilding orderbook.
Phoenix faces new threat Struggling Chinese bulker owner CSC Phoenix is facing a fight against liquidation in its latest legal blow.
Harbor Star delays IPO Philippines tug and salvage group Harbor Star Shipping Services has delayed its IPO by a couple of months.
Comfort salvors head home The salvage team monitoring the site of the MOL Comfort sinking in the Indian Ocean is heading for home.
Bargain basement We take a look at what was said in the market over the past week.
Deiulemar dozen priced TradeWinds digests the digits making the headlines this week.
Giants fight TMT Nobu Su has not been far from the headlines since the financial distress at TMT began to unwind.
New COO for Bibby Bibby Ship Management has recruited shipping veteran Chris Stone as its new chief operating officer.
STX safe downunder The Federal Court of Australia has given its recognition of STX Pan Ocean's bankruptcy proceedings in South Korea, a move that prevents the troubled company's creditors from arresting its ships while in Australian ports.
Miclyn gets busy Miclyn Express Offshore has lined up $29m in new charter contracts as it orders up to eight new offshore vessels at shipyards in China and Singapore.
DHS chief Napolitano announces departure Her September departure makes it likely that U.S. Customs and Border Protection will continue without a political appointee at its helm for the immediate future.
Despite weak exports, space tight on some Chinese ships
Great Lakes bulk volumes on slow decline U.S.-flag Great Lakes freighters carried 10.1 million tons of dry-bulk cargo in June. Cargo traffic is being hampered by low rainfall totals and dredging neglect that has forced lakers to carry less than their full capacity.
Houston, New York top 2 U.S. cities for exports Last year, Houston ranked No. 1 with total exports of $110 billion, an increase of 5.6 percent over 2011, while New York clinched the No. 2 spot with $102 billion in exports.
ITC: U.S. is world's largest services exporter
Triton starts South America service
3PL spend growing at Fortune 500 firms More than 85 percent of Domestic Fortune 500 companies utilize 3PLs, and the amount of money these companies spend on 3PL services has grown by 67 percent since 2005 to $250.2 billion.
Liberty Global to launch ro/ro service to Mideast
Import, export prices fall in June
UPS reduces guidance
Truck restrictions unveiled for Maryland rail bridge
Weekly global market update A weekly price round up of bunkering hubs from around the world.
Americas bunker prices edge higher to close out week West coast prices rise as demand increases.
Prices fall in Fujairah Suez prices remain flat.
Weak demand pulls prices down in Rotterdam Demand 'fell by the wayside' in Rotterdam, players said.
New oil terminal at French port Work to start in 2015.
Japan: May bunker fuel sales down 12% Outlook for June expected to mirror May.
'Surge of interest' in LNG for ships Operators of Rotterdam LNG terminal could build third jetty.
Creditors criticise TMT bankruptcy case Another bunker company revealed as creditor.
Asian bunker prices end week on stable note Smooth supplies were reported across all key Asian ports.
EU MEPs addressing 'elephant in the room' on biofuels NGO welcomes move that can support 'production of genuine emissions reducing transport fuels'.
Taiwan bunkering operations suspended over typhoon threat CPC temporarily ceases operating at the ports of Hualien, Suao, Keelung and Taichung, says source.
Fire damaged bunker tanker had no cargo Company says all crew now safely ashore.
Another order for GE dual-fuel propulsion systems To power six LNG carriers.
China fuel oil stocks slightly down Volume down by 5.5% to 3.27 million mt in the week ending July 10.
Cryogenic valve manufacturer gets cruise ship business Company to provide valves to TGE Marine for two, dual-fuel, cruise liners.
Egyptian unrest could pose threat to shipping Bunker demand would rise if Suez Canal and oil pipeline were to close.
Star Bulk Carriers to build four eco-bulkers Total investment estimated at $151 million.
Workboat operator takes delivery of fuel-efficient newbuilds Development leaves Maritime Craft Services as the largest operator of twin axe vessels.
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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