Nigeria's refinery overhaul will stifle growing product tanker trade Abuja sees privatisation as the way to cut seaborne imports
Marenave remains upbeat despite dip in profit German firm plans to expand despite König's exit
The pros and cons of private equity Finance may offer a tonic but it is definitely not a panacea
Jones Act increases shipping costs, says Drewry Restrictions drive up prices but carriers offer more direct calls
DFDS remains optimistic despite mixed North European market UK recovery has positive impact on trade, but Russian revenues remain weak
Ceva reports dip in third-quarter revenues Logistics company unveils new chief executive
P3 lines meet FMC as antitrust clearance is awaited Washington agency extends deadline for public comment
Saudi Arabia's record oil output lifts VLCCs Earnings for the largest tankers hit a fresh high
Long Beach ousts harbour commission president Mayor wins fight to remove Fields from office
Blackstone considers move on smaller dry bulk segments Private equity executive explains thinking behind Hafnia and Eletson deals
South Korea sells 5% share in DSME for $323m Country's top financial regulator continues to offload its interest in leading shipbuilder
Korean and Russian registers seeks further co-operation in Arctic shipping Two IACS members sign MoU over shipbuilding and offshore plants for polar regions
Klaveness partners with Tufton to fund two kamsarmaxes Arrangement provides for joint supervision, with Tufton buying the vessels
Goldenport reaps benefit of bulker rates rise But employment profile remains short-term
Concordia boss plays down the influence of private equity Norén says market cannot take fresh ordering spree as new sources of capital step forward
EC approves €448M for Klaipeda LNG plan THE EC has approved Lithuania's plans to provide public aid totalling €448M ($605.4M) for building an LNG terminal at Klaipeda's port
Frontline 2012 sells on eight VLGC newbuildings FRONTLINE 2012 said it will sell eight VLGC newbuildings it has ordered to Stolt-Nielsen unit Avance Gas Holding once the vessels are delivered
North Sea recovery lifts DFDS GROWING demand for services in the North Sea helped DFDS to a 3Q13 profits rise, the Copenhagen group said today
Swissco orders $28M in OSVs SWISSCO Holdings, Singapore's offshore services provider, said today it ordered three newbuildings from Chinese yards worth an aggregate S$35M ($28M)
Sanko to auction Capesize SANKO Power, a Capesize owned by Sanko Steamship, is due to be auctioned off by a Hong Kong court after a secured creditor seized the ship there
Tax could raise Korea's calorific coal demand SOUTH Korea could consume more coal with high calorific value after imposing a tax on use of imported steam coal in its power plants
VLCC earnings exceed $50,000/d VLCC EARNINGS on the benchmark Persian Gulf/Asia Pacific route have exceeded $50,000 per day as freight rates yesterday hit Worldscale 63.86
Petredec fixes four VLGCs to Aurora SINGAPORE-based LPG trader Petredec has reportedly chartered four VLGCs to Aurora, a Norwegian fund described as a newcomer to LPG shipping
Governor Backs Funding for Port Canaveral Container Terminal Expansion Container cargo for export to the Caribbean at Port Canaveral.Florida's Gov. Rick Scott has plans to ask state legislators in an upcoming session for $9.7 million to expand the container terminal at Port Canaveral, in order to position the port for new business opportunities associated with the Panama Canal expansion...
Truck Industry Strikes Back Against US HOS Rules WASHINGTON - The trucking industry isn't letting up the pressure on Washington, D.C., to repeal new hours of service regulation. American Trucking Associations President and CEO Bill Graves today called for the Federal Motor Carrier Safety Administration and Congress to address problems caused by the tighter rules that took effect July 1....
NJ Truckers Weigh Legal Action on Port Delays The New Jersey Motor Truck Association is discussing a possible lawsuit or Federal Maritime Commission complaint to force New York-New Jersey container terminals to pay truckers for drivers' waiting time outside terminal gates. "I think we have to send a message. We've had enough meetings. We can't keep doing what we're...
Asia-Europe Rail Costs Set to Fall As the frequency of Asia-Europe rail services increases costs will gradually fall, encouraging more shippers to turn to intermodal options to avoid the high cost of air freight and the slow steaming transit times available from lines, one leading logistics executive believes. Volumes of boxes moved by rail from Asia to...
GLP Targets E-Commerce With $3 Billion China Logistics Fund Cyber Monday, make way for Singles' Day. Sales on China's online shopping mega-holiday Nov. 11 topped $5.7 billion for Alibaba Group Holdings, China's e-commerce marketplace, far outstripping last year's U.S. Cyber Monday sales of $1.5 billion. The rapid growth of e-commerce in China - in 2012, Singles' Day sales totaled $3.1...
In Defense of Short-Sea Shipping A disclaimer for what you're about to read: I have a personal interest in short-sea shipping. My maritime career began at Hampton Roads and Richmond, Va., today connected by a James River barge link. And Port Canaveral, Fla., where I served as CEO for nearly a decade, has always been...
West Coast Volumes Growing Fastest This Year Cranes at the Port of OaklandContainer volumes handled by U.S. West Coast ports grew more than three times faster than those at East Coast ports in the first eight months of the year, as lingering effects of last year's labor negotiations and computer problems at one of the biggest terminals...
Report: Ship, Container Reliability 'Disappointing' in Third Quarter Ship and container reliability levels in the third quarter of 2013 were "disappointing," according to Drewry Maritime Research's recently published quarterly Carrier Performance Insight report. Container ship reliability dipped below 70 percent for the first time since the beginning of 2012, as weaker performances in the Asia trades to and from...
YCH joins growing group of local firms in helping victims of Super Typhoon Haiyan 20 November 2013 - Leading supply chain firm YCH Group is the latest Singaporean company doing its part to alleviate the sufferings of Typhoon Haiyan's victims in Tacloban, Philippines. As part of a public donation call, YCH Singapore has invited its staff to donate food items, drinks and clothing. Donations are being sent to...
Miat Mongolian Airlines Awards GSA Contract for Whole of Europe to Globe Air Cargo The airline operates twice-weekly Boeing 767-300ER flights from Berlin's Tegal Airport to Ulaanbaatar, the largest city and capital of Mongolia. Globe Air Cargo, part of ECS Group, will also market cargo capacity on MIAT Mongolian Airlines' wide-body flights to Seoul and its services to Beijing, Hong Kong, Tokyo and Osaka. During...
APM Terminals Rotterdam to Extend Reach of Cranes The Maersk Mc-Kinney Møller at APM Terminals Rotterdam.APM Terminals Rotterdam Maasvlakte I in the Netherlands has plans to enhance five of its existing post-Panamax cranes to a 23-container row reach to accommodate super-post-Panamax container ships. The retrofitting involves engineering and software adjustments, which are expected to be completed in time for...
Congress Aims to Send WRDA to Obama by Year-End WASHINGTON - Senate and House members began conferencing today on a long-delayed water resources bill they aim to send to President Obama by year-end. The likelihood of both chambers coming to an agreement is good, considering both bills aim to reform the Harbor Maintenance Trust Fund, speed up construction projects and...
Drewry's Eastbound Trans-Pacific Rate Jumps $250 Drewry Container Rate Benchmark, Nov 20, 2013 Full-size image The Drewry benchmark rate for shipping from Hong Kong to Los Angeles jumped $250 per 40-foot-equivalent unit in the week of Nov. 20 to $1,986, a sign that a Transpacific Stabilization Agreement-recommended general rate increase has been at least partially successful. The TSA had...
Asian Sales Boosted US Beef, Pork Exports in September Japan remained the top export market for U.S. beef in 2013.U.S. beef exports in September remained ahead of 2012 levels, but pork exports continued to face "a number of challenges," according to statistics released by the U.S. Department of Agriculture and compiled by the U.S. Meat Export Federation. U.S. beef exports,...
North Sea Freight Traffic Lifts DFDS Results Magnolia Seaways, one of three vessels serving the Ghent-Gothenburg route.Third quarter profit for DFDS, the European short sea shipping and logistics group, rose 13 percent from a year ago as higher North Sea volumes more than offset lower traffic in the Baltic region. Pre-tax profit rose to 307 million Danish kroner...
LA-LB Trucking Companies Propose Container Fee to Pay for Increased Gate Hours LONG BEACH, Calif. - Harbor truckers in Los Angeles-Long Beach are proposing a revolutionary plan to relieve port congestion by keeping marine terminal gates open round the clock, and paying for the increased operating costs by charging a fee on every container that moves through the ports. The Harbor Trucking Association...
Long Beach Removes Fields From Harbor Commission LONG BEACH, Calif. - The Long Beach City Council Tuesday night voted to remove Harbor Commission President Thomas Fields from the port body, scoring a major victory for Mayor Bob Foster, but alienating the shipping lines and terminal operators who call Long Beach home in Southern California. The action is the culmination...
Vela's fixture frenzy Saudi Aramco's shipping division has been linked to five VLCC fixtures over the past two days.
Norwegian stake to hit market Norwegian Cruise Line's three largest shareholders have filed papers to sell an $817m stake in the company.
Cape prices climb Asset prices have risen substantially in the dry-bulk sector over the past few months and many believe the trend will continue.
Some like it hot Thanksgiving is more than a week away but market researchers are already thinking about what will happen after the turkey and mashed potatoes have been devoured.
Sealink profit down Malaysian offshore support vessel owner Sealink reported a dip in third quarter earnings despite higher utilisation and charter rates pushing up revenue by 30%.
More trouble for Glenn Singapore tanker owner Glenn Defense Marine is being sued by a bunker supplier for missed payments.
Solvang slumps in Q3 Norwegian gas carrier specialist Solvang has seen its third quarter income curbed by a big drop in the ethylene shipping business.
Another $77m for Seaspan New York-listed Seaspan Corporation has seen its stock slump following the pricing of another stock offering.
Crewman airlifted US Coast Guard comes to rescue of seafarer hurt in fall on Dohle cargoship.
Spain appeals Prestige ruling Spain will appeal a ruling clearing three defendants of liability for pollution from the Prestige sinking in 2002.
Boskalis eyes wind work Royal Boskalis Westminster has teamed up with a compatriot contractor to form an offshore cable installation joint venture.
Big bill for SNCM The European Commission has demanded EUR 220m ($297.71m) back from French ro-pax owner SNCM following its 2006 privatisation.
Ningbo ditches bulk duo Shanghai-listed Ningbo Marine has offloaded another two elderly bulkers for scrap.
Bumi on the up Bumi Armada booked a jump in third quarter earnings as revenue rose across its three main business segments.
DFDS eyes more hand-outs Danish ro-ro owner DFDS has launched a new dividend policy as nine-month profit increased.
Murmansk making money Russia's Murmansk Shipping Company has made it back into profit over the first nine months of 2013.
TS Shipping seeks ferries TS Shipping, a subsidiary of state-owned Port of Tallinn, is seeking four ferries for island routes.
CSL bulker aground A CSL Group bulker will be lightered on Wednesday after grounding in Lake Erie.
Alam Maritim in Q3 surge Alam Maritim Resources has reported a near 40% year-on-year increase in third quarter net profit to MYR 21.7m ($6.8m).
Goldenport rides rally Greek shipowner Goldenport Holdings looks to be benefitting handsomely from the current rally in dry bulk freight rates.
Tufton backs Klaveness Tufton Oceanic has emerged as a partner in Torvald Klaveness' kamsarmax newbuilding programme in China.
Sanko bulker arrested A Sanko Steamship capesize bulker has been arrested by authorities in Hong Kong.
Seaspan nears debt deal Seaspan of Hong Kong appears to be closing in on deal to refinance a billion-dollar credit facility that matures in 2015.
Diana fingers private equity Diana Shipping is blaming private equity for a delay in the dry-bulk market recovery.
Optimizing through omni-channel We like to tell our customers that shoppers are never more than five feet away from their store. With PCs, tablets and smartphones, buying power is at shoppers' fingertips anytime, anywhere. And as consumer activity in the mobile space increases year after year, retailers must respond...
Marine policy rescinded
At intermodal's hub
Constricting capacity
Saying 'yes'
LNG ready
Air transport to Canada drops off
Air cargo hopes for takeoff
Forwarder sees New Age value
C-SPAN visits Va. port
Take a number, Gil
Give private sector a voice at WCO
Recapping IT in 2013
2014 Outlook - sustained recovery As the peak season for the freight movement industry comes to an end, it is time to consider the outlook for the year ahead. The overall tone of the near-term outlook is cautious optimism as the United States, which has led the global economic recovery in the last two years, looks set to continue growing with potential for the pace to pick up...
Shipper schism?
Commentary: Counterfeit cargo trends in ocean transport
Long Beach removes Fields as port board president The city council voted 6-3 on Tuesday night in favor of a recommendation by Mayor Bob Foster that Thomas Fields be removed as president of the Long Beach Board of Harbor Commissioners.
Charleston to soon reach previous TEU level, Newsome says In fiscal year 2013, ended June 30, box traffic grew 9 percent to 1.56 million TEUs. Container volume is up 22 percent from the fiscal year low of 1.28 million TEUs in 2010. At its peak, the port handled 1.75 million TEUs.
Maersk 'in talks over LNG' Russian energy giant says it has been in discussions with the shipping line.
Ferry company profits up 13% Strong price competition means focus on efficiency will stay, says CEO.
Sentence due in trial of former Aegean trader Chua Boon Chye was found guilty last week.
New bunker tanker deployed in Black Sea port 4,800 metric tonne capacity tanker is based in Tuapse.
Quadrise renews research agreement Agreement first signed in 2004.
Bunker markets soft in Asia Supplies of bunker fuels tight at Busan.
Bunkers International gains $50 million credit Revolving credit from bank is based on Bunkers International's assets.
Singapore supplier in claim against Glenn Defense Seeks court order to sell firm's vessel which was earlier arrested at Singapore.
China fuel oil imports up in November 210,000 mt of 380 cSt grade product to be moved from Hong Kong to South China.
More CSC Phoenix vessels under auction Auction made under the request of CSC Phoenix's sister firm.
Mission to Seafarers announces special Christmas service UK Minister for Shipping and industry leaders to deliver readings at Festival of Nine Lessons and Carols.
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