Human error suspected in Cebu disaster INITIAL findings conducted by the Philippine Maritime Industry Authority pointed to human error as the main cause of the Cebu collision disaster
Ardmore firms 4 'eco' ships NEWLY public Ardmore Shipping today confirmed orders for four fuel-efficient product/chemical tankers at Japan's Fukuoka Shipbuilding
Woodside chooses FLNG option WOODSIDE said today it now plans to develop its Browse gas fields off Western Australia by using three floating LNG vessels with capacity of 3.5M tonnes per year
Hobbled Millennium pulled MECHANICAL woes aboard Celebrity's Millennium have ended its Alaska season, implying an impact to Royal Caribbean's 3Q13 results
Rise in financing costs hurts Farstad FARSTAD Shipping today reported a sharp decrease in net profits, as its financing costs jumped in both 2Q13 and 1H13
BIMCO: scrapping size grows for box ships AVERAGE sizes of box ships sold for scrap are rising rapidly, according to BIMCO
Arctic alternative boosted RISING tensions in Egypt that threaten the Suez Canal could boost an alternative polar route, a geopolitical transport authority told Fairplay today
Gazprom nears loss of gas export monopoly? DEPUTY Prime Minister Arkady Dvorkovich has taken a key step in ensuring that Gazprom will lose its monopoly on exports of Russian gas
Chinese injections seen boosting SA ports A SURGE in investment from China is forecast to turn around slow growth at South Africa's ports, US market research company Reportstack said
Drewry: here's what drives box terminal sector THREE KEY forces drive the box terminal industry, which has become a major business in which even small volume percentages can mean huge absolute gains, a London based consultancy said today
Four ships involved in Fujian collisions CONTAINER salvage is under way today after a box ship collided with three vessels, the Fujian Maritime Safety Administration said
Bergen books deeper losses BERGEN today said 2Q13 losses multiplied to 115.7M kroner ($20M), from 12.4M kroner year on year, after the group booked a 131.7M loss for its shipbuilding unit
SHI seen dropping Ezra purchase plan SAMSUNG HI has apparently dropped a plan to acquire Singapore's subsea vessel contractor Ezra Holdings, according to a report today from CIMB Securities
Middle East LPG rises again MIDDLE East LPG exports rose for the third consecutive month in July, although volumes were well below July 2012 and July 2011 totals, largely because Iranian output was limited, a report said
Korean Register to co-operate with Korea Finance THE KOREAN Register of Shipping has signed a deal with policy bank Korea Finance Corp for mutual co-operation in shipbuilding and power plants
Hong Kong International Airport's Cargo Volume Rises Cargo throughput at Hong Kong International Airport reached 341,000 metric tons in July, up 1.9 percent year-over-year. The gain was mainly driven by a 5 percent increase in exports in July, compared to July 2012, according to HKIA. During the month, cargo throughput to and from North America outperformed other key...
New Zim Service Connects Florida, Central America Zim Integrated Shipping Services has launched a new Florida Central America service connecting Miami; Santo Tomas de Castilla, Guatemala; and Puerto Cortes, Honduras. The FCA port rotation is as follows: Miami, Santo Tomas de Castilla, Puerto Cortes and back to Miami. "We listen to our customers, who look for unique, multiple service...
Damco Receives License to Operate in Myanmar Damco has commenced offering its customers access to Myanmar, after being granted a permanent license to operate under its own legal entity in the Southeast Asian nation. Damco is working with the U.K.-based Institute for Human Rights and Business and the Danish Institute for Human Rights to ensure the United Nations'...
Trucking Through Time J. Harwood Cochrane and JOC Senior Editor William B. CassidyIf you want perspective on life, talk with a centenarian. I was fortunate to have the opportunity in June to interview J. Harwood Cochrane, founder of Overnite Transportation, who turned 100 last November. Cochrane was born a few weeks after Woodrow Wilson...
Present at the Birth of Trucking From left: Jack Holmes, president of UPS Freight; J. Harwood Cochrane, founder of Overnite Transportation; and JOC Senior Editor William B. Cassidy.When word gets out that J. Harwood Cochrane is coming to visit UPS Freight headquarters, employees pack the lobby half an hour beforehand to greet the man who in...
For-Hire Trucking Tonnage Index Slipped in July The American Trucking Associations' advanced seasonally adjusted For-Hire Trucking Tonnage Index slipped 0.4 percent in July from June, to 125.4, after inching up 0.1 percent in June. Compared toh July 2012, the index rose 4.7 percent, which is considered robust, although it was the smallest year-over-year gain since April. Year-to-date, versus...
Year-to-Date Container Traffic Up 24 Percent at Tacoma The Port of Tacoma reported container volume of 1.08 million 20-foot-equivalent units for the first seven months of 2013, an increase of 24 percent year-over-year. International container volume jumped 35 percent year-to-date, with a 34 percent gain in full containerized imports to 399,663 TEUs and a 32 percent increase in exports...
Port Wars: Past, Present and Future During World War I, railroads rammed so much cargo through the Port of New York that supply lines to Europe were crippled by the inevitable delays. This spurred Congress, in the Merchant Marine Act of 1920, to include language protecting the "naturally tributary cargo" of individual ports so cargo would...
Supply Chain Solutions Leases Illinois Warehouse Space Supply Chain Solutions has entered into an agreement to lease 70,000 square feet at a warehouse facility in Carol Stream, Ill., to serve the Chicago area and beyond. The five-year lease also comes with expansion opportunities for an extra 70,000 square feet. The facility, which is located near Interstate 355, has...
Majority in Survey Expect Higher Fuel Costs Transportation executives expect higher fuel costs over the next business cycles of 18 months, three years and five years, despite some economists' projections that price rises will be moderate or flat, according to a recent study. Sixty-three percent of the 209 executives surveyed expect higher energy prices in the next 18...
CEVA Promotes Haber Senior VP, Solutions Design CEVA Logistics has appointed Terry Haber as senior vice president of solutions design in North America. Haber joined the supply chain management company in 2001 and has held a variety of positions over the past decade in business development, marketing and communications and corporate strategy. Most recently, he has served as...
NY-NJ Port Sees Gains From Clean Vessel Incentives The Port Authority of New York and New Jersey has announced that 12 shipping lines and 448 vessels have enrolled in its Clean Vessel Incentive program since it launched on Jan. 1, 2013. The CVI program, which is part of the Port of New York and New Jersey's Clean Air Strategy,...
Bahri to Prepare Study for Potential Saudi Maritime Yard Bahri, the National Shipping Company of Saudi Arabia, has entered into a memorandum of understanding with Saudi Aramco and Sembcorp Marine to prepare a feasibility study for the development of a maritime yard in Saudi Arabia. The MOU is valid until an investment decision is made or terminated within 15 months...
Study: Low Outbound Shipping Rates to Buoy US Export Growth Low outbound container shipping rates are one of several factors, including low electricity rates and competitive labor costs, that will help the United States grab $70 billion to $115 billion in annual exports from competitors over the next seven years, according to The Boston Consulting Group. The imbalance of imports to...
Eight Bid for Jawaharlal Nehru Terminal Project Eight organizations have presented formal proposals for prequalification for the public-private partnership contract to build and operate a fourth container terminal at India's Port of Jawaharlal Nehru (Nhava Sheva), as the deadline for the first stage of the bidding process ended July 19, according to port sources. Interested bidders include APM...
Yang Ming Enhances Intra-Asia Network, Joins CIX Yang Ming Line plans to upgrade its intra-Asia service network by joining the China-India Express Service operated by a consortium of Evergreen Line, "K" Line, Hapag-Lloyd and Simatech Shipping. The Taiwanese carrier will contribute one vessel on the string of six ships, each with a capacity of 4,200 20-foot-equivalent units. The port...
Panama Canal's New Lock Gates Arrive From Italy The new gates weigh an average of 3,100 tons each.The first four gates for the Panama Canal's third set of locks have arrived at the waterway's Atlantic side from Italy's Port of Trieste onboard the vessel STX Sun Rise. Built by subcontractor Cimolai, the first four gates are 57.6 meters (about...
Drewry Trans-Pacific Benchmark Falls to Pre-GRI Level Drewry Container Rate Benchmark, Aug. 21, 2013 Full-size image Average eastbound trans-Pacific spot container rates fell another $100 per 40-foot-equivalent unit this week, wiping out the $200-per-FEU gain achieved from the Aug. 1 rate increase. "Drewry expects pricing to continue the decline in the run up to the September GRI as overcapacity weighs...
Report: Container Port Sector Remains Profitable The global container port sector remains "dynamic" and "profitable," despite numerous changes currently taking place, according to Drewry Maritime Research's latest report, "Annual Review of Global Container Terminal Operators." The study showed that the two main challenges facing container terminal operators include growth in container demand and growth in ship sizes....
BNSF Railway to Improve Tracks, Capacity in Washington BNSF Railway has allocated $125 million for maintenance and rail capacity expansion projects in Washington this year. BNSF will expand capacity in Washington by constructing two receiving and departure tracks nearly 7,000 feet long at BNSF's Delta yard in Everett, expanding BNSF's automotive distribution facility at Orillia and upgrading signals for...
TMT creditors strike back Banks ask district court to weigh in on whether Nobu Su-led shipowner's bankruptcy should continue in Houston.
APT touted as IPO hopeful A Jones Act product tanker operator backed by one of the most recognisable names in private equity has been added to the growing list of shipowners that are believed to be planning initial public offerings (IPOs) in the Big Apple.
German bulker sinks A German general cargoship that ran aground in South Africa has been towed out to sea and sunk in deep water.
Stena to the rescue Seafarers stranded in the water for four days after their ship was struck by fire have been saved by a Stena Bulk suezmax.
Dof wins more in APAC Dof Subsea has added to its contract backlog for the second time in a week.
Farstad hit again Farstad Shipping has seen a slump in net earnings for the second quarter running.
Ardmore adds four more Ardmore Shipping has pushed its post IPO spending past $250m after adding four more newbuildings today.
Offshore saves Maybulk Malaysian Bulk Carriers saw earnings shaved by almost a third in the first half of the year but it would have been much worse without the contribution of its offshore interests.
Mind the doors! The first four enormous gates for the Panama Canal expansion have arrived on board a heavylift vessel.
Navios takes STX hit Navios Maritime Acquisition is the latest shipowner to suffer charter defaults following the troubles at STX Pan Ocean.
Owners seek guarantees The Korean Development Bank (KDB) is considering providing payment guarantees for fundraisers by the country's struggling shipowners.
Bergen bouncing back Bergen Group fell to a steep second quarter loss but the company believes its recent financial restructuring has laid the groundwork for a profitable future.
Mipo closes on target Hyundai Mipo Dockyard has edged closer to its full year target after confirming an order for four product tankers from Scorpio Tankers.
Owner turns banker Shipowner Seacor has turned its hand to banking after teaming up with Balfour Investors.
D'Amico bulker aground Staff at Italian shipowner D'Amico have been left with red faces after one of its handysize bulkers ran aground off Ireland.
Capesize sale confirmed Greek shipowner Goldenport Holdings confirmed Wednesday that it had sold the only capesize bulker in its fleet.
Pirates gunned down Nigeria's navy claims to have killed twelve suspected pirates in a failed attack on a vessel in the Gulf of Guinea.
Singapore haze returns Haze has returned to the skies around Singapore prompting a warning to shipowners from the local authorities.
KKR eyes ship finance Kohlberg Kravis Roberts (KKR) is to set up a new specialty finance company targeting the shipping industry.
Dutch ship raided A Dutch-owned general cargo vessel was attacked by ten armed men off Indonesia last month, latest intelligence shows.
The New Normal for Freight Movement American Shipper's publisher, Jim Blaeser will host an interactive discussion with Walter Kemmsies, chief economist for Moffatt & Nichol, about emerging dynamics that will impact domestic and international freight markets in the years ahead. Key discussion points will include:
Newgistics expands to provide turnkey e-commerce service The firm will use a business-to-consumer commerce platform operated by hybris, recently acquired by global software giant SAP, to provide retailers with Web design, posting product content from suppliers, among other services.
Shipper: Driver shortage not far off Hibbett Sports' Scott Austin said the driver shortage issue hasn't yet affected the shipper, but he expects to see issues in certain areas of the industry in the next two to four months. He also predicts drivers will benefit from higher wages.
LATAM fined for Canadian price fixing
Drewry predicts terminals to handle 800 million TEUs by 2017 "To put this growth into context, the 186 million TEUs which this growth represents is the equivalent of the entire throughput of all Chinese ports in 2012. Or to put it another way, it is more than the entire 2012 throughput," the consultant said.
CSAV to raise $330 million with rights offering
T. Parker Host Jr., steamship agent, dies at 88
China's consumers embrace high-end products, new retail channels They're increasingly opting for quality goods at higher prices and adopting on-line shopping and social media to gather product information, according to a report released today.
Oberstar: Bypass Congress for transportation health
Wartsila to deliver dual-fuel engines to 'environmentally sound' ferry Ferry will be powered by four dual-fuel engines running on LNG and will have 'extremely low' emission levels.
Additive 'cuts' smoke and emissions 'Viscon is one of the most credible products in the market right now,' company claims.
Northern Sea Route opens new bunkering prospects Petropavlovsk-Kamchatsky 'can and should' become a bunker hub.
MGO prices flat in Fujairah Good avails in Durban.
Mid-week markets generally soft in Europe Congestion in Gibraltar.
North American market faces period of change 'There could be a reduction in bunker activity in Panama and an increase in East Coast ports.'
Bunker player returns to Fujairah after four-year break 'We never forgot about the market. We have been thinking about coming back for years,' says International Bunkers Supply.
Asian price trends mixed in midweek trade Average to 'good' demand reported in Singapore.
Value of Singapore's chandler and bunker sector falls Bunker prices have fallen year-on-year.
Yujin sells another bunker tanker M/T Ruby Express is the third bunker tanker company has sold this year.
IMarEST emissions conference will be held in Cyprus Focus on controlling emissions and managing costs of vessels.
Haze threat returns to Singapore port Visibility at Singapore Strait and port waters 'could be significantly reduced', says MPA.
Head of bunker delivery department leaves Brightoil William Wu is currently serving 'gardening leave', according to sources.
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