Tankers reportedly return to Assad's ports TANKER cargoes were reported today to be arriving again at Syria's government-held ports despite EU sanctions
TEN cuts its losses NYSE-listed Tsakos Energy Navigation today reported improved fourth-quarter results and voiced an upbeat view on long-term fundamentals
Nanjing Tanker's losses rise 64% SHANGHAI-listed Nanjing Tanker's shares will be suspended after it today posted FY12 losses - its third consecutive annual losses
Maersk mounts market share defence MAERSK Line has pledged to defend its market share "at any cost", even as some lines cut rates in reaction unexpectedly low box volumes since Chinese New Year
Triumph again delayed STORM damage has pushed back Carnival Triumph's service return until 13 June, Carnival Cruise Lines has confirmed
WLPGA urges improved LPG production THE World LP Gas Association is urging Chinese refineries to look into improving the production of LPG, calling it a versatile gas with many uses
Adani fined over green damages at Mundra ADANI Port & Special Economic Zone has been fined 2Bn rupees ($37M) in finding that it had damaged the coastal ecosystem at its Mundra facilities in Gujarat
HK shippers seek alternatives HONG KONG's shippers plan to shift use more traffic to ports in Guangdong province neighbouring the city in response to the four-week-long strike at HK's major box terminal
Keppel keeps 'buy' DBS Group Research maintained a 'buy' rating for Keppel shares despite a 56% fall in 1Q13 profits to S$331M ($268M)
LNG shipping restraint urged ALTHOUGH prospects for LNG demand appear bright, caution is needed before shipowners invest in newbuildings, shipbroker Banchero Costa warned
Eagle displaced as biggest KLC shareholder EAGLE Bulk Shipping is no longer troubled Korea Line Corp's biggest shareholder, South Korea's second-biggest drybulk shipping group said today
Triyards buying Oz base SINGAPORE-listed Triyards Holdings said today it will invest A$6.75M ($7M) for a logistics and supply base within the shipbuilding and maritime-related belt of Western Australia
Products tanker rates fall as naphtha trade slows LR TANKER rates are continuing to fall as naphtha trading activity slows
Asset sales keep CMB in profit ASSET sales kept Belgian bulker operator CMB in the black during the first quarter, but profits were nevertheless well down on the first three months of 2012
Dockwise shares trading ends TODAY will be the last trading day for shares of Dockwise, the Dutch project cargo and heavy-lift specialist listed in Oslo
JOC-ECRI Industrial Price Index Edges Down JOC-ECRI Industrial Price Index, week of April 19,2013 Full-size image A closely watched indicator of inflation posted a week-to-week decline but remained ahead of its one-year average for the 20th consecutive week. The Journal of Commerce-Economic Cycle Research Institute index registered 126.9319 for the week ended April 19, down from 128.1737 last week. During...
Rennovation Work Begins on Stafford, UK, Rail Line Work has started on the first phase of a £250 million (about US$380.8 million) program to improve performance and capacity on the Stafford, U.K., section of Europe's West Coast Main Line. Leading the works is the Staffordshire Alliance, a partnership of Atkins, Laing O'Rourke, Network Rail and VolkerRail, working as part...
Container Traffic Declines at Port of Koper, Slovenia The Port of Koper, Slovenia, reported container throughput in the first three months of 2013 totaling 146,903 20-foot-equivalent units, a decline of 3.4 percent compared with 152,072 TEUs in the same period in 2012. Container volume from January to March was 1.40 million tons, up from 1.34 million tons in the year-ago...
ASF Intermodal Opens Drayage Facility in Virginia ASF Intermodal has opened an intermodal drayage facility in Chesapeake, Va., to provide drayage service in and out of the port and rail facilities in the Norfolk area and to serve the Southeast. The new facility joins terminals in Mobile, Ala.; Atlanta; Charleston, S.C.; Memphis, Tenn.; Savannah, Ga.; and Houston....
Evergreen Christens New 8,452-TEU Vessel Ever Liven, the 10th in a series of 8,452 20-foot-equivalent unit L-type container ships to be operated by Evergreen Line, has been christened at the Samsung Heavy Industries shipyard in South Korea. The container carrier is also unveiling Ever Logic, the 11th vessel in the series. The vessels were ordered from...
Report Ranks Top 5 Marine Freight Companies The marine freight transportation industry's revenue is expected to reach $411.6 billion by 2017, according to Luctinel's "Top 5 Global Marine Freight Transportation Service Companies: Performance, Strategies and Competitive Analysis" report. The management consulting and market research firm found the Top 5 companies in the market were A.P. Moller-Maersk, Nippon Yusen...
Remember the USS Akron Eighty years ago this month, an accident now all but forgotten changed aviation and naval history. The USS Akron, a U.S. Navy airship, crashed into the Atlantic Ocean off the coast of New Jersey April 4, 1933, killing 73 of 76 sailors, officers and guests on board, including Rear Adm. William...
Consultant: E-Commerce Customers to Demand Excellence As customer expectations for improved service and rapid fulfillment of orders in the e-commerce space increase, retailers of all sizes must achieve excellence in their supply chains, according to a logistics expert. "Customers' expectations continue to escalate," said James Tompkins, an industry consultant who has written more than 30 books on...
Tacoma's First Quarter Container Volume Soars The Port of Tacoma's container volume in the first three months of 2013 rose 37 percent year-over-year to 469,233 20-foot-equivalent units. Demand for industrial machinery, furniture, auto parts and electronics pushed full import container volumes up nearly 52 percent to 172,421 TEUs, while gains in agricultural and wood products contributed to...
Ports America Promotes Smith to VP Post Ports America has promoted Chris Smith to the role of vice president, where he will be responsible for break bulk, bulk and military operations on the U.S. East, Gulf and West Coasts of the terminal operator's business unit Ports America Stevedoring. Smith will report to Tom Perdue, the business unit's president. Smith...
Port of Philadelphia Welcomes Horizon Lines Gov. Corbett welcomes Horizon Lines to Port of Philadelphia.Horizon Lines has relocated its U.S. Northeast port of call from Elizabeth, N.J., to the Packer Avenue Marine Terminal at the Port of Philadelphia. Under the terms of the agreement between Horizon and Packer, reached with the assistant of Pennsylvania's Gov. Tom Corbett...
CenterPoint Properties Trust to Establish DC Near LA CenterPoint Properties Trust to convert the facility for distribution.CenterPoint Properties Trust has acquired a single-story, 123,199-square-foot industrial building in Rancho Dominguez, Calif., an unincorporated section of Los Angeles, from Big Tree Big Sleep. The seller uses the facility to manufacture futons, and under the terms of the transaction will continue to...
NY-NJ Port: Six Busy Years Ahead The last piece of a complex labor puzzle has clicked into place at the Port of New York and New Jersey. Now things really will get interesting. Wednesday's contract agreement between the International Longshoremen's Association and the Metropolitan Marine Maintenance Contractors Association followed ratification of a coastwide master contract and a...
SCFI: Trans-Pacific Rates Down for 2nd Straight Week Shanghai Containerized Freight Index, U.S. East Coast, week of April 19, 2013 Full-size image Shanghai Containerized Freight Index spot rates for U.S.-bound trade lanes declined again in the week of April 19, although they remain more stable than the Asia-Europe rates. The spot rate to the U.S. East Coast dropped 2.5 percent or...
SCFI: Shanghai-North Europe Rate Lowest in More Than Year Shanghai Containerized Freight Index, North Europe, week of April 19, 2013 Full-size image The Shanghai Containerized Freight Index spot rate for Shanghai to northern European ports fell to $875 in the week of April 19, the lowest since February 2012. This followed an unsuccessful April 15 general rate increase of $500 per...
Oakland Reports Decline in Containers for March The Port of Oakland's containerized throughput dropped 5.4 percent year-over-year in March, reaching 186,617 20-foot-equivalent units, including both laden and empty containers. Fullly laden containerized imports in March totaled 53,532 TEUs, down 14.8 percent year-over-year, with exports totaling 87,965 TEUs, down 4 percent. Meanwhile, empty import containers totaled 29,311 TEUs, up...
Halifax's 1Q Container Traffic Tops 112,000 TEUs The Port of Halifax, Nova Scotia, reported container traffic for the first quarter of 2013 totaled 112,670 20-foot-equivalent units, jumping 26.3 percent from 89,214 TEUs in the first quarter of 2012. Containerized import volume was 54,457 TEUs, up 30.4 percent year-over-year, and export traffic totaled 58,213 TEUs, up 22.7 percent. Total cargo volume...
MOL to Launch Finland Express Service Port rotation of MOL's new Finland Express Service.Container carrier Mitsui O.S.K. Lines will launch its Finland Express Service on April 29, to expand service in the Baltic region. The port rotation will be: Bremerhaven and Hamburg, Germany; Ust-Luga and St. Petersburg, Russia; Kotka and Rauma, Finland; Gävle, Sweden; and back to Bremerhaven....
Excel shares plummet Troubled Excel Maritime Carriers' shares have lost more than $31m in shareholder value today, leading the New York Stock Exchange to contact the owner about the high trading volumes.
Wilson Sons opens yard New facility doubles owner's tug and OSV building capacity in Brazilian city of Guaruja.
TEN slashes losses Tanker owner posts better-than-expected results and sees optimistic signs in tanker market.
SCI gets a kicking Shipping Corp of India (SCI) has been criticised by the government for a fruitless investment of INR 1.42bn ($26.27m) in a chemical tanker joint venture.
Cyprus fear spurs S&P Fear a Cyprus-style raid on savings could be duplicated by Greek banks is tempting Hellenic owners into the second hand market, a leading broker says.
Excel cape sold Japan's Excel Maritime has cut its exposure to the battered dry-cargo market after selling off one of its two capesize bulkers, brokers believe.
Even worse for Phoenix Struggling Chinese bulker owner CSC Phoenix has announced its 2012 loss was even bigger than first thought.
Puerto Rico progress Excelerate Energy is claiming a significant step forward with its Puerto Rico FLNG project.
Tranvast to order MPPs Chinese owner Tranvast Holding is tapping the domestic finance market as it seeks to order two vessels.
New plan for an old name TradeWinds digests the digits making the headlines this week.
Where's Villy? Analysts and investors were scratching their heads this week after learning that Excel Maritime Carriers of Greece was setting up shop in White Plains, New York.
Ferry expensive Washington politicians are reeling after the price of a new car ferry came in at twice the original estimate.
ENVC sale scrapped Portugal has ended the privatisation of struggling shipbuilder Viana do Castelo (ENVC) after it came under the scrutiny of the EU over aid.
A small slip? We take a look at what was said in the market over the past week.
Yards heading for lows Some of Korea's large shipbuilders could post record-low first quarter operating profit, according to a Korean analyst.
SinOceanic in debt deal Norway's SinOceanic Shipping is close to resolving its finance issues by converting loans to equity.
Ship tunnel dream moves closer Norway is edging nearer to building the world's first proper ship tunnel.
Moving day sale Paragon Shipping has put an extra two million shares on the table as part of its switch from the New York Stock Exchange to the Nasdaq.
Multraship orders duo Dutch salvor Multraship is heading to the domestic Damen shipyard group for two new tugs.
Drugs ship raided Italian police have seized 20 tons of drugs after raiding an Egyptian cargoship.
Stealth looking strong Jefferies has kicked off coverage of StealthGas with a buy rating on the Harry Vafias-led company.
Oshima's optional extras Taiwan's U-Ming has taken its kamsarmax newbuilding tally to four vessels at Oshima Shipbuilding in Japan.
TOP set for dropdown Teekay Corp has offered to sell a 50% stake in an FPSO to its MLP spin-off Teekay Offshore Partners.
KSS goes for VLGC KSS Line of Korea has said it will spend KRW 80.6bn ($72m) on another new VLGC.
North in stowage alert The North P&I Club has warned about break-bulk cargo storage problems particularly on ships departing China.
Portek in Latvia move Portek International has acquired an 80% stake in Latvian port operator Rigas Universalais Terminals SIA (RUT).
Noble ties up two Noble Corp has secured three-year charters for two deepwater drillships it has under construction at Hyundai Heavy Industries.
Maersk: Purpose of 'Triple Es' is to make money, not cut rates While the new containerships will result in a big infusion of capacity in the Asia-Europe trade, "we will put them in over a prolonged period and we will take out a number of vessels in other categories," Maersk CEO Nils Andersen said.
Ships relying on guards, not speed to fight pirates A report released this month estimates the cost of Somalia Piracy was around $5.7 billion-$6.1 billion in 2012, despite notable gains achieved by private armed security guards and aggressive naval activity.
Southwest starts using AirTran network for cargo According to officials, connecting the Southwest and AirTran cargo networks means that customers in Atlanta will now see 90 new cargo flights. New services will be offered in other major Southwest markets as well.
Air Cargo Germany suspends operations
CMA CGM receives second 16,000-TEU ship
Gov. Corbett welcomes Horizon service to Philadelphia
MOL's 1Q intermodal goal hurt by January factors
DSV unveils groupage offering
Vietnam Airlines stops transporting research monkeys
IKEA uses solar to energize Md. DC
Walmart to boost clean energy 600% by 2020
Ex-Im Bank, Citibank renew supply chain guarantee
ICAO, TIACA to collaborate on air cargo issues
U.S. Customs opens 3 more CEEs The centers include Chicago for base metals; Buffalo, N.Y., for industrial and manufacturing materials; and Laredo, Texas, for machinery, giving those industries smoother customs processing of imports and uniform enforcement.
John Deere tractors roll to Chad
Virgin founder promotes air freight logistics education
Weekly global market update A weekly price round up of bunkering hubs from around the globe.
Bunker prices end the week on firm note Demand was soft on the US Gulf, players told Bunkerworld.
IMarEST launches LNG Ship Fuel Technology Conference Event will explore challenges, development and potential of LNG as a fuel for merchant shipping.
Neptune Lines opts for Promas propulsion system Promas described as an integrated propeller and rudder system that increases efficiency and manoeuvrability.
Waste heat recovery system selected for UASC fleet Aalborg XS-TC7A economiser optimises use of waste heat from auxiliary engine exhaust gases during voyage and port stays.
Avails continue to be tight in Fujairah Prices moving up in Suez.
Prices rise across Europe Avails tight in Rotterdam.
Bunker savings possible from Panama Canal Major carrier could see savings of $40 million a year.
Tanker association targets late payers INTERTANKO also complains of 'imbalances in bunker-purchasing contracts'.
Scrubbing technology support from UK Shipping Minister Wants to 'bring shipping and abatement industry together' and encourage 'pragmatic approach' to enforcement.
NOL questioned on newbuilds Shareholder questions whether newbuilds are not compounding problems relating to overcapacity.
LNG bunkers: 'Not for thirty years' Fuel tank size the main problem, says Maersk executive.
Coscon issues emergency bunker adjustment Rates will be applicable to all shipments from Far East to South America East Coast.
Bunker prices in Asia firming Reports of terminal congestion in Singapore.
Dan-Bunkering welcomes new marketing executive Barbara Huong has 'several years of experience' from bunker business, says firm.
Electric ferry to start operations by year-end Ferry will be able 'to save up to 180,750 litres of fuel consumption over its lifetime.'
DNV: 'No doubt' that newbuilds can be more fuel efficient But CEO concedes there may have been exaggeration as to what 'ecoships' can do.
US Navy equips ship with bunker-saving systems Systems were 'specifically designed to improve automation' on the vessel, it says.
Yujin International planning to delist from London AIM Firm expects to delist from AIM on May 17.
New record for bunker stem in India 2,800 mt delivered to MV Transporter at outer port limit, OW Bunker confirms to Bunkerworld.
DNV: LNG bunkering facilities coming sooner than expected Infrastructure can be built 'much faster' than LNG fuelled vessels, DNV CEO tells Bunkerworld.
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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