Double Irish, Dutch sandwich Tax-dodgers beware - the OECD is turning up the heat on your havens
Titan Petrochemicals seeks to claw back control of Quanzhou yard Hong Kong oil logistics firm seeks to develop rig-building business
The irrationality of rates It is time to get rid of the general rate increase
Wärtsilä's profit rises as maritime industry improves Quarterly net sales increase 5%
Fire breaks out on PIL boxship Hansa Brandenburg still burning and adrift after crew rescued off Mauritius
Brussels approves Det Norske Veritas and Germanischer Lloyd merger Only China can prevent the classification societies coming together
The trio reshaping container shipping Three 40-somethings have less than a year to piece together a highly complex partnership designed to bring a new level of consolidation to the industry
Shell's Castelein takes top job at Port of Rotterdam New management as leading European cargo hub prepares to launch Maasvlakte 2
Shipping tax havens face tougher scrutiny OECD rules may see companies switch legal residence
Shipping tax havens face tougher scrutiny Companies must stick to letter of law, says Norton Rose Fulbright
Japanese yard orders rocket 181% JAPAN'S shipbuilders are continuing to recover their market share, the Japan Ship Exporters' Association said today, with the weakened yen sparking a 181% climb in June orders, year on year
Chengxi wins conversion orders for FPSOs CHENGXI Shipyard (Guangzhou) has won orders from SBM Offshore to convert two VLCCs into FPSOs, the Chinese shipyard said today
LUKoil goes west in Rosneft deal ROSNEFT has agreed to exchange export routes with LUKoil, which confirmed the deal to Fairplay
Ezion wins $82M deal SINGAPORE-listed Ezion Holdings said today it has clinched a contract from a Southeast Asian client for one service rig worth $82.1M
Changhang Phoenix hit with two more suits SHANGHAI-listed Changhang Phoenix is today facing two more lawsuits filed by creditors seeking repayment of a combined 520M yuan ($84M) in bank loans
China import knock-on seen in stockpile drop STOCKPILES of iron ore and steel products in China have dropped, suggesting support for more iron ore imports
Shell's green man takes helm in Rotterdam SHELL'S environment VP Allard Castelein is succeeding Hans Smits as CEO of Rotterdam's port, the largest European port said today
Charterers keep 'firm grip' on VLCC sector JUST five VLCC fixtures were reported yesterday as charterers restrained themselves from bookings to keep rates down
Bulker orders surge 242% DRYBULK carrier newbuilding orders surged 242% year on year in June, reflecting the sector's improved prospects
Losses seen for NOL, CSCL UOB KAY Hian today predicted that NOL and China Shipping Container Lines would file "very poor" 2Q13 results because of sluggish Asia/Europe box rates
Asian Supramax bulker rates are tumbling SUPRAMAX bulker rates in Asia have been falling for three consecutive weeks
DHL Adds India-China LCL Services DHL Global Forwarding has launched less-than-containerload direct services linking India's ports of Nhava Sheva (Jawaharlal Nehru) and Chennai with Shanghai, as the Deutche Post DHL Group unit taps India's growing retail and automotive sectors. "By expanding our service offerings geographically, we ensure a timely and controlled delivery of door-to-door services, which include...
Sustainable Maritime Development Thrust of 2013 World Maritime Day Conference in New York July 18, 2013-- Clay Maitland, Founding Chairman of the North American Marine Environment Protection Association (NAMEPA), announced the program for the 2013 North American World Maritime Day Observance being presented by NAMEPA and the United States Coast Guard. The conference is designed to bring forward updates on environmental stewardship, promoting...
Transport Canada collaborates with Federal Motor Carrier Safety Administration and others to launch interactive driver fatigue management tool OTTAWA - The Honourable Lisa Raitt, Minister of Transport, and Anne S. Ferro, Administrator of the U.S. Department of Transportation's Federal Motor Carrier Safety Administration (FMCSA), today announced the launch of the North American Fatigue Management Program (NAFMP), a website that provides training and education on commercial bus and truck driver fatigue...
Dynamic Shipping Agencies - New Partner in Pakistan Aurora, Colorado, USA - July 18, 2013 - United Shipping, Inc. (USI), the premier Worldwide Association of Independently owned Freight Forwarders and Customs Brokers with over 410 global offices and representation in 84 countries is pleased to announce that Dynamic Shipping Agencies, located in Karachi, Pakistan is our new partner. In the global freight management and...
Ports Announce Clean Air Action Plan Award Winners The ports of Los Angeles and Long Beach honored five companies for their extraordinary efforts to fight harmful emissions at the 6th Annual Clean Air Action Plan (CAAP) Air Quality Awards held today in San Pedro. "The significant air quality improvements that our two ports have achieved would not be possible...
Texas Shipping Executive Sentenced for Ex-Im Bank Fraud Octavio Maese-Cordero, owner of a trucking and shipping company in El Paso, Texas, has been sentenced to serve 18 months in prison for his role in a scheme to defraud the Export-Import Bank of the United States of about $2.4 million, according to the Office of Inspector General for Ex-Im...
US Coast Guard Honors Hyundai Unity for Rescue Help .S. Coast Guard Lieutenant Commander Mark Neeland presents a public service commendation to the crew of the Hyundai Unity.The U.S. Coast Guard has presented a public service award to the crew of the Panama-flag container ship Hyundai Unity at the Port of Singapore in recognition of their support of a...
Hub Group Profit Jumps 10 Percent Hub Group reported net income in the second quarter of 2013 totaling $18.6 million, up 10 percent from $17 million in the second quarter of 2012. Total quarterly revenue for the freight transportation provider increased 8 percent year-over-year to $836.7 million, from $778.3 million in the same period last year. The...
Tulsa Port of Catoosa's Traffic Nears 2012's YTD Totals Tulsa Port of Catoosa, an inland water port in Oklahoma, reported that inbound and outbound shipping through the port in June totaled 213,660 tons, pushing the total for the year to date to 1.41 million tons, close to the 1.47 million tons reported in the first half of 2012. 2012 was...
US Intermodal Volume Extends Growth U.S. rail volumes through July 13, 2013 Full-size image U.S. intermodal volume increased 1 percent year-over-year for the second straight week in the week ending July 13, according to the Association of American Railroads. Combined North American carload volume, for the three North American Free Trade Agreement partners, dropped 2.8 percent from the same week in...
Air Canada's Cargo Traffic Slid in May Air Canada reported cargo traffic of 123.6 million metric ton-kilometers in May, down 1.1 percent compared with the same month last year, according to Statistics Canada. Cargo volume for Canada's largest airline was 19.2 million kilograms in May, falling 2.5 percent. With regard to cargo, Air Canada's load factor was 83.2...
Cuba Says North Korean Ship Was Carrying 'Obsolete' Weapons Cuba's Ministry of Foreign Relations claims that the missile systems that Panama seized from a North Korea-flag ship were "obsolete defensive weapons" that Cuba was sending to North Korea for repair, Miami Herald reports. The weaponry, which has totaled 240 metric tons so far, included two anti-aircraft missile complexes, nine missiles...
Port of San Diego's Board Approves $180 Million Budget The Port of San Diego's board of port commissioners has adopted a $180 million budget for fiscal year 2013-2014. The board allocated $31.0 million for the year for its capital improvement program, down 8.2 percent from last year's $33.8 million. It also intends to spend $1.4 million on equipment, falling 18.6...
FMC Chairman Defends Push to Overhaul NVO, Forwarder Rules As honeymoons go, newly appointed Federal Maritime Commission Chairman Mario Cordero's was decidedly short. Barely three months after being tapped by President Obama, Cordero is drawing the ire of many in the industry over his push to overhaul regulations for forwarders and non-vessel-operating common carriers - a push that also has...
Transportation Company Makes Change in Operational Direction and Continues to Benefit from Prophesy Solution COLORADO SPRINGS, Colorado - July 17, 2013 - Accellos, a leading provider of supply chain execution software solutions, has issued a case study of ProphesySeries Dispatch Broker for customer Transportation and Logistical Services, Inc. Prior to purchasing Prophesy Dispatch, Transportation and Logistical Services, Inc. used a program that did not fully meet...
LLamasoft and Drewry Announce Partnership 18th July 2013, London- LLamasoft, the global leader in supply chain design software solutions, and Drewry Maritime Research, the leading provider of freight rate benchmarking today announce a partnership to make Drewry's global ocean container and air freight rate benchmarks available to LLamasoft customers for use in supply chain design. LLamasoft will resell...
Port of Hueneme Names Demers Chief Operations Officer The Port of Hueneme has hired John Demers as chief operations officer, according to Kristen Decas, the California port's CEO and director. Demers, who is retiring from the Navy, will begin his new post on July 23. "John comes to us with a strong background in operations and logistics in his over...
IAG Cargo Begins Work on New Constant Climate Center IAG Cargo has broken ground on the site of its new Constant Climate center located at its London Heathrow hub. Constant Climate is part of the cargo airline's product offering for the transportation of temperature-sensitive material. The new facility, slated for completion in September 2013, will include two temperature-controlled zones. The first...
Missouri Firm Pleads Guilty to Importing Items With Fake Safety Labels A Missouri company has pled guilty in federal court to importing thousands of lamps from China bearing counterfeit certification labels, following an investigation by U.S. Immigration and Customs Enforcement's Homeland Security Investigations. GuildMaster, of Springfield, Mo., represented in court by Stephen Crowder, the company's president, pled guilty to the felony offense...
A Whale watching The crew of a combination carrier that has been stranded at anchor off Suez for five months is anxiously awaiting the outcome of hearings that will determine whether Today Makes Tomorrow will be allowed to continue its Chapter 11 reorganisation in the US.
Strike hits Necochea A strike by truckers at the Argentine port of Necochea is holding up exports from the grain port.
Crowley seeks US backing US shipowner seeks to pry open Uncle Sam's newbuilding wallet in application for $169m loan guarantee to finance products tankers.
Sines sale confirmed Bocimar parent CMB has confirmed the sale of an 11-year-old capesize bulker.
NCL installs scrubbers Norwegian Cruise Lines (NCL) has decided to install scrubber technology on its pair of Breakaway Plus-class newbuildings under construction at Meyer Werft.
Saverys to fight STX Bocimar is readying a legal fight with STX Pan Ocean after a capesize contract was cut up with almost eight years to run.
MISC set for stronger Q2 Malaysian shipowner MISC should post an improved set of second quarter numbers aided by the recent surge in tanker spot rates, according to an analyst.
Kiel traffic drops Germany's Kiel Canal has posted a drop in traffic and volumes in the first half of 2013.
Harris Pye ups profit UK shiprepairer and converter Harris Pye has posted bigger earnings for 2012 as contract margins improved.
Nolan bullish on products Stifel has predicted a multi-year bull market from products tankers as it initiated coverage of some of the sector's leading names with a buy rating today.
Pirates raid UK tanker Gunmen have attacked another tanker off West Africa, injuring three crew and briefly taking two more hostage.
A cut for Cargill Cargill has secured the services of a Diana Shipping panamax for the next two years at a lower rate than it had been paying for the same vessel over the past 16 months.
Dragnis eyes crude move Greece's Dragnis family is looking to expand into the crude tanker sector but talk of it buying a suezmax is premature.
Capsized tug raised US operator Brennan Marine has recovered its tug Megan McB that capsized in the Mississippi, killing one crewman.
Keppel profit chopped Keppel Corp has seen its second quarter profit sliced on lower takings at three of its four major divisions.
Shake-up at Keppel Two of Keppel Corporation's highest ranking officers are to step down after serving the company almost since its birth 45 years ago.
Hanjin nets period deal Hanjin Shipping has secured a one-year charter for a new panamax bulker, brokers say.
Wartsila positive Finnish engine maker Wartsila is detecting hopeful signs of a shipping recovery as its first-half earnings improved.
Antwerp builds volumes Belgium's port of Antwerp has pushed up total volumes 2% in the first half, boosted by a big jump in oil business.
SCF seals LPG funds Sovcomflot (SCF) has tied up the funds to pay for a pair of LPG newbuildings under construction at Hyundai Mipo Dockyard.
Ceyhan pumping again Tanker loadings have resumed at Ceyhan in Turkey after intermittent stoppages in the last three weeks.
Pittas scraps panamax Euroseas has scrapped one of its few spot-trading bulkers, brokers say.
Singapore's silver lining Big trouble at Chinese yards could play into the hands of their Singaporean rivals, leading analysts say.
NWS cargoes rise First-half cargoes grew 28% at Russian cargoship group North-Western Shipping (NWS).
Liu lands at CSG Liu Xihan is the new deputy boss of China Shipping Group (CSG), a month after being removed at Sinotrans & CSC.
Nevsky yard wound up Russia's Nevsky Shipyard has been liquidated, placing a question mark against the ships in its orderbook.
Ezion wins rig deal Ezion Holdings has secured a further long-term charter contract for a service rig, the company confirmed Thursday.
Mixed month for US ports West coast port of Los Angeles sees volumes slide, while Long Beach reports large rise.
PBR seals Japan funds Petrobras has secured $1.5bn in funding to go towards a recent deal for two FPSOs from a Japanese-led consortium.
Dae Sun wins feeder Dae Sun Shipbuilding and Engineering has added to its order tally with a deal for a single feeder containership from domestic owners.
PIL ship ablaze in Indian Ocean A 1,740-TEU German-owned container vessel caught fire en route from Singapore to Durban Wednesday and is still ablaze 200 miles off the coast of Mauritius. The Liberian-flagged Hansa Brandenburg was built in 2003.
Truck spot rates on the decline Trucking spot market rates declined across the board from the first week of July even as fuel prices rose 1 percent. Flatbed spot rates fell by 3.1 percent and reefer rates were down 2.2 percent during the week of July 7-13.
Toll's New Jersey drivers vote to unionize
UPS pilots union joins international labor federation
Emirates building new cargo home Officials have broken ground on a 700,000-square-meter cargo terminal for Emirates SkyCargo at Dubai World Central Al Maktoum International Airport. The development becomes operational in May 2014.
IT agreement at impasse as members call out China The talks are aimed at reducing tariffs on technology products as negotiators have sought for months to update the ITA, which was written in 1996. China is one of 20 members on the negotiation panel.
UP has record second quarter
Cargo down, passengers up at American
Hansa Heavy Lift adds to fleet
FMC permits NRAs for foreign NVOs
Llamasoft, Drewry in rate benchmarking partnership
New desiccant for grain in containers
Ex-Im Bank chief Hochberg confirmed to second term
Executive moves
DOT speeds consumer fireworks transport certification
TGE Marine Gas Engineering awarded LNG fuel systems contract Ships will be delivered in 2015 and 2016 and will be first cruise vessels in world fitted with dual fuel engines.
Mixed price outlook in Fujairah Softer bunker pricing seen at South African ports.
Prices strike firm note in Rotterdam Demand low at Gibraltar, says sources.
Cruise line orders scrubbers for two newbuilds Installation will be the largest scrubber plant in the world, says buyer.
Profits down at Wartsila Engine maker sees orders rise and sales fall in first half results.
Software company launches fuel monitoring tool 'We are confident that owners will realise as much as 10% annual savings,' claims UtiliVisor spokesman.
Asian bunker prices on the climb Mixed demand reported in Singapore.
UAE-based feeder operator orders fuel saving boxships Low bunker consumption was 'main reason' for choosing the new ship design, says Chairman of Simatech Shipping.
MISC set for Q2 growth Due to declining bunker costs and rising spot rates, says RHB Research.
Russian refinery's isomerisation unit starts operations New catalytic cracking unit means more very low sulphur product.
TransMontaigne to stop bunker storage services in Florida If notice to terminate is not received in stipulated 18-month time period, storage services could continue.
Storage facility at Taichung to undergo further repairs CPC Corporation expects supplies to resume from December.
EU cash for LNG bunkering at Gothenburg Funding likely to come out of 'Motorways of the Sea' budget.
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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