Ross predicts private equity shipping surge PRIVATE equity is poised to double its stake in shipping over the next 18 months, according to famed US investor Wilbur Ross
EC to take Spain to court over dock hiring THE EC is to refer Spain to the EU Court of Justice over Madrid's rules on hiring labour in a range of its ports
Box alliance would have London HQ LONDON would be the base of the box alliance proposed by the Big Three liners, Morten Engelstoft, Maersk Line's operations chief, told Fairplay today
DFDS urges action on SECA fuel BOLD EU moves are needed to address issues tied to implementation of the Sulphur Emissions Control Area in the Channel, North Sea and Baltic, Niels Smedegaard told Fairplay
Belgian fine sought over casualty inquiries BELGIUM was today threatened with a fine for failing to implement an EU directive on investigating casualties
NOL could raise up to $1Bn from terminal sale NOL could raise $720M-$1Bn if it sold APL Terminals, said Drewry Maritime
Study: German shipping meltdown to continue FLEET divestments and consolidation among German shipowners and managers keeps gaining momentum, a survey by financial auditor PricewaterhouseCoopers said today
Fuel oil stocks hit 3-year high in Singapore STOCKS of fuel oil, used in marine fuels and power generation, have hit a three-year high in Singapore, the world's biggest bunkering port
DPW signs for JNPT facility DUBAI Ports World and Jawaharlal Nehru Port Trust have signed a concession agreement for building and operating a new box terminal, its second at India's busiest container-handling port
MPM buys OSV MARCO Polo Marine of Singapore said today its Jakarta-listed offshore unit BBR has acquired an AHTS ship
Maersk investigates fire MAERSK Line told Fairplay today it is trying to "ascertain" what caused the fire on box ship Eugen Maersk while it was navigating in the Gulf of Aden
Delays plague Fortescue FORTESCUE Metals today reported it will not meet its iron ore production target for the 2013 financial year, and has now also pushed back the timing of a sale of its port and rail infrastructure projects until September
China approves imports of GM soybeans CHINA'S agricultural ministry said it recently approved the import of three types of genetically modified soybeans
Global grain exports to rise WORLDWIDE shipments of grain and wheat are expected to exceed previous forecasts by the US Department of Agriculture
VLGC rates booming RATES to haul LPG from the Middle East to Asia are nearing an all-time high, after the Baltic Exchange last night assessed rates on the route at $80 per tonne
India Receives World Bank Loan for Kerala Road Improvement Project India's Kerala government has signed loan and project agreements with the World Bank to receive $216 million for the Second Kerala State Transport Project. The loan deal was signed by Shri Nilaya Mitash, joint secretary of the Department of Economic Affairs of India's Ministry of Finance on behalf of the Indian...
Bibby Distribution Names Eyre as Development Director Duncan Eyre, Bibby Distribution's first development director. Bibby Distribution has hired Duncan Eyre, 41, as its development director, which is a-un newly created role. Eyre will be responsible for expanding the U.K. logistics provider's existing customer relationships and developing new opportunities for growth. He will lead the business development and marketing teams...
Johnson Joins Canadian Pacific as VP of US Operations Canadian Pacific has hired Robert Johnson as vice president of U.S. operations. He succeeds Doug McFarlane, who was senior vice president of U.S. operations. McFarlane retired after 37 years with the Class I railroad in Canada and the U.S. Johnson's railroad career spans 32 years with BNSF Railway, where he held successively...
Ryder Begins Receiving Light, Medium-Duty CNG Trucks Ryder System has begun to take delivery of 39 light and medium duty compressed natural gas vehicles, which will be available in California for lease or rent. The vehicles include 20 Greenkraft cab-over vehicles with 6-liter GM natural gas engines and 19 Navistar Internatinal TranStar trucks with Cummins Westport ISL G...
Canadian Pacific Launches Faster Toronto-Alberta Intermodal Service Canadian Pacific has launched a new intermodal service between Toronto and Calgary, Alberta, that is 20 hours faster than previous schedules. The enhancement will enable faster delivery, as total transit time on the 3,400 kilometer (2,112 mile) route has been shortened to 64 hours. "Customers are taking advantage of CP's faster transit...
Report: Soybean Importers Increasingly Prefer Container Shipping A study confirms customer expectations for specific soybean characteristics are well met via container shipping, as quality of containerized soybeans does not depreciate between loading and unloading. Photo by Katie Knapp. Source: Illinois Soybean Association.Soybean customers increasingly are choosing to import soybeans via containers to ensure certain quality criteria, such as...
North American Intermodal Traffic Reaches Seven-Month High North American carload and intermodal volume saw moderate year-over-year increases in the week ending June 15, according to the Association of American Railroads. North American intermodal volume hit its highest level since October 2012. Combined North American carload volume, including all three North American Free Trade Agreement partners, grew 1.2 percent from the same...
C.H. Robinson Expands to Turkey C.H. Robinson Europe is expanding into Turkey to respond to growing demand for logistics services in the region. The freight forwarder's new Istanbul office will primarily offer international road freight services, including both truckload and less-than-truckload transportation. Gokalp Ertugrul, a native of Turkey and an employee at C.H. Robinson since 2006,...
Froman Confirmed as Next US Trade Representative The U.S. Senate has confirmed Michael Froman as the next U.S. trade representative. He was approved by a bipartisan majority, voting 93-4 in favor. Froman, a White House international economic affairs adviser, was nominated by President Barack Obama last month and had been approved by the U.S. Senate Finance Committee. Froman will now...
Shippers' Situation Improves Slightly as Hours of Service Changes Loom FTR Associates' Shippers Conditions Index for April improved slightly from the previous month to a reading of negative 6.9. Overall, the index has shown that truck freight is improving. However, with fleets managing productivity, there are no serious capacity issues yet and rates continue to move "very slowly," according to FTR....
CTS: Australasia's Exports to North America Reach Nine-Month High Containerized export volume from Australasia/Oceania to North America hit 17,900 20-foot-equivalent units in April 2013, the highest level since July 2012, according to data from Container Trades Statistics Ltd. This lane has seen negative year-over-year numbers only twice in the past 16 months. Australasia/Oceania to Far East Asia Australasia/Oceania exported 161,500 TEUs...
Geek Retailer Taps DC to Channel E-Commerce Force ThinkGeek's warehouse near Columbus, Ohio, is managed by Exel, the supply chain division of Deutsche Post DHL.COLUMBUS, Ohio - The mammoth stacks of shelves in a distribution center in nearby Lockbourne are full of Star Wars light sabers, electric-guitar T-shirts and other gadgets waiting to be stuffed into cardboard boxes...
IATA Says Air Freight Industry Needs More E-Cargo Partnerships The International Air Transport Association has called for strong partnerships to promote air cargo competitiveness through e-commerce technology. The announcement was made at IATA's e-cargo conference, held in Geneva this week. "An electronic revolution is transforming logistics and transport, creating a fundamental change in the security, safety, efficiency and reliability of air...
Export Growth Changing Port Infrastructure Needs Changing trade flows are placing demands on ports to develop export-oriented facilities, especially those that handle food products, both dry and refrigerated, according to Moffatt and Nichol commercial advisor Anne Landstrom. After focusing on container terminals designed to handle rapidly growing imports from China during the boom years from 1996 to...
DP World London Gateway Rides the Wave on the Gold Coast Hoboken, New Jersey: DP World's London Gateway, the UK's new deep-sea port and Europe's largest logistics park opening Q4 this year, was well received at a reception last night at the luxury W Hotel in Hoboken, New Jersey. This is the first of a series of insight events across the USA this week. Exporters,...
European Commission Targets Spain's Port Labor Recruitment Practices The European Commission today decided to refer Spain to the European Union Court of Justice regarding its rule on hiring port labor in several Spanish ports. Currently, cargo-handling companies in these ports, including the ports of Barcelona, Algeciras, Valencia and Bilbao, are not allowed to resort to the market to employ...
Connor Appointed President, CEO of Wallenius Wilhelmsen Logistics Christopher J. Connor, Wallenius Wilhelmsen Logsitics' new president and CEO. Wallenius Wilhelmsen Logistics has named Christopher J. Connor as its new president and CEO, effective June 21. Connor will succeed Arild B. Iversen, who is moving into a new role as consultant to the parent companies, Wallenius Lines and Wilh. Wilhelmsen, as...
Prophesy Dispatch Streamlines Growing Freight Transportation and Logistics Services for Bee-Line COLORADO SPRINGS, Colorado - June 20, 2013 - Accellos, a leading provider of supply chain execution software solutions, has issued a case study of Accellos Prophesy DispatchSeries for Bee-Line. Company Founded in 1964 by Gordon McMillan, Bee-Line is a growing non-asset and asset based logistics and freight transportation services company headquartered in Houston, Texas....
Door No. 15 for STX PO STX Pan Ocean has filed for Chapter 15 in the US, making it the second Asian shipowner to file for bankruptcy protection in this country on the same day.
TK 'bankers' safe? Two VLCCs in the fleet of Taiwanese shipowner Today Makes Tomorrow that received unconventional financing from Teekay Tankers three years ago are not among the 17 single-vessel-owning companies included in TMT's Chapter 11 bankruptcy filing.
TMT in Chapter 11 Several companies in the umbrella of Nobu Su-led Today Makes Tomorrow (TMT) have filed for Chapter 11 bankruptcy protection in Houston.
Tallink nails new loan Estonia's Tallink is borrowing EUR 24m ($31.64m) to finance its acquisition of a 1989-built ro-pax.
Seadrill back at DSIC John Fredriksen's Seadrill has returned to China for another pair of jack-up rigs in the belief that charterers are now prepared to sign longer term contracts at higher day rates.
Four for Phoenix? Phoenix Bulk Carriers is said to have purchased its fourth bulker this year.
Steady as she goes Nordic Tankers' appointment of a new chief executive officer (CEO) will not alter the course of the chemical tanker specialist, its chairman said today.
Aframax crew stranded Crew on a tanker sold for scrap by TMT in 2011 have pleaded with authorities to get them out of the UAE.
FRNT denies handy move John Fredriksen's Frontline 2012 sharply denies that the company has bought a 37,000-dwt products tanker newbuilding.
Rem bags Shell gig Rem Offshore has secured a charter contract with Shell Norway for a large platform supply vessel.
UK slams ACT UK accident investigators have blasted a Japanese shipowner for obstructing its probe into a Singapore containership collision.
Solstad ties up one Solstad Offshore has inked a new charter contract for one of its offshore construction vessels.
MCL orders quartet China's Sinopacific Group is to build four ultramax bulkers for London group Marine Capital (MCL) in a deal worth more than $100m.
New boss at Nordic Tankers Shipping veteran Claus Thornberg is to take the helm at Denmark's Nordic Tankers Group.
Baltic Ace leaking oil The wreck of the Baltic Ace has started to leak oil in the North Sea.
Damen wins wind work Windsea Offshore Group has signed up for a new Damen fast crew ship.
EU clears 3 Maj sale The European Commission has cleared the sale of Croatian shipyard 3 Maj after approving an increase in aid.
Belships in ship swap Belships is to exchange one of the ships it has on charter to fertiliser producer Canpotex for a recently ordered newbuilding.
Vinalines sales go on Debt-burdened Vinalines plans to sell its entire 13.54% holding in Sea & Air Freight International (SFI) to raise cash.
21st Century bankrupt Korean shipyard 21st Century has been declared bankrupt after it failed to find a buyer.
Yards reel in orders Japan's shipbuilders have seen a third consecutive month of strong demand for bulker newbuildings.
ANSAC takes handysize Uni-Asia Shipping has secured a five year charter for its latest handysize bulker newbuilding, the company has confirmed.
MOL faces class suit Mitsui OSK Lines (MOL) problems continue to mount with the shipowner now accused of price fixing in the US car carrier market.
Private equity investment in shipping could double, Wilbur Ross predicts
U.S. logistics growth mirrored U.S. economy in 2012, report says U.S. businesses spent $43 billion more on logistics services last year, but the cost of freight transportation and warehousing remained stable considering the 2.5 percent growth in the U.S. economy.
Connor named CEO of Wallenius Wilhelmsen Logistics Christopher J. Connor, currently deputy CEO and chief commercial officer, will be located at the company's headquarters in Lysaker, Norway. He has 32 years of experience in the logistics industry.
FedEx expands in Southern Africa with acquisition The firm completed the first stage of an acquisition by signing agreements to buy logistics services provider Supaswift (Pty) Ltd. in five countries in Southern Africa, including South Africa, Malawi, Mozambique, Swaziland and Zambia.
Tampa port enters petroleum users agreement The Tampa Port Authority board of commissioners approved a 25-year agreement to allow four of the port's major oil and gas customers to share operation, maintenance and repair of the new petroleum unloading facility.
EC orders Cyprus to comply with oil stocks obligations EC directive requires Member States maintain minimum stocks of crude oil and/or petroleum products to ensure security of oil supply.
Sinopec cuts sulphur in all diesel fuel to below 0.05% Sulphur content in diesel for industrial and shipping use reduced to address China's air pollution.
IFO prices soften in Fujairah Stationary market seen in Suez.
'Making deals to move markets is common,' says bunker player 'It's not illegal or corrupt..You're just increasing the buying pressure on the market.'
Rotterdam prices in free fall Market lacked direction in Mediterranean ports.
Safety and simplicity main benefits of single marine lubes Shipowners and managers back Lubmarine's claims that single use is best.
Fuel oil stocks at three-year high Singapore traders say demand had been 'sluggish'.
Agreement measuring hull/propeller performance moving into view Paint manufacturer welcomes ISO moves on measuring hull and propeller performance.
Bunker prices slip in Asian trade Weak demand seen in Hong Kong.
Icon Offshore takes delivery of diesel electric support vessel 'We are the first Malaysian company to take delivery of this diesel electric PSV,' says CEO.
Shipping should 'drop opposition to environmental rules' Asian Shippers' Council chairman says box lines should focus on fuel efficiency.
Dan-Bunkering promotes traders at Copenhagen office Both Rune Andreasen and Michael Matern Hedager promoted to more senior positions.
China fuel oil stocks up by 5% Volume increased to 3.6 million mt for week ending June 19.
LNG-fuelled OSVs too expensive to build, says CEO No current 'economic advantage' to build for LNG-fuelled OSV market, says Todd Hornbeck.
Bunker tanker owner gets refund from Chinese yard Yujin International earlier cancelled order with shipyard due to delivery delays.
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