Hapag-Lloyd and Unifeeder unveil Russia surcharges Supplements payable from December 1
Western Bulk completes IPO Take-up lower than anticipated
Korea Development Bank becomes STX Pan Ocean's top shareholder Troubled firm's largest creditor now holds a 15% stake
HPH Trust reports weaker throughput and profit Results reflect slowing growth, flat revenues and industrial unrest in China
HMM to build two 82,000 dwt bulkers Board approves $53m deal as newbuilding prices recover
India discharge delays help boost VLGC spot rates Spot rates expected to rise ahead of northern hemisphere winter stockbuilding
Hanjin threatens to quit ICTSI's Portland terminal Line accounts for 80% of port's container traffic
Bulker orders at Japanese yards recover in September JSEA data shows more export orders for bulkers and general cargoships
Africa sparks new business for product tankers US surplus seeks new markets as Latin American demand slows
HHI order intake jumps 67% South Korean giant rides on stronger shipbuilding and offshore segments
Nakilat orders seven vessels for tug and piloting work at Ras Laffan Support craft will operate under 14-year contracts
Hafnia set to complete $235m placement Analysts see the move as a prelude to listing
APMT and Rotterdam unions to hold talks on Wednesday Dispute at box terminal 'unchanged with lower productivity than normal'
Transpacific carriers unveil service cuts G6 and Green Alliance plan to reduce services as carriers prepare for winter slowdown
Data Hub: Load factors, northern Europe This month's analysis of the likely impact of supply and demand on freight rates covers some of the key trade routes from northern Europe
Data Hub: World Fleet Update, September 2013 Third Triple-E received, while laid-up fleet is set to grow and breakers see younger ships
Asia piracy lowest in four years, Recaap says Trend reported by Singapore-based watchdog conflicts with IMB data
The perils of packing TT Club wants to heighten awareness of the dangerous consequences of improperly packed containers
Trade Route Intelligence: The Europe-Southern Africa trade Larger vessels being cascaded in
Shipper Sentiment Survey: Europe Shippers divided on whether there had been a summer peak season, with some stating that an artificial peak was created by carriers
Time for a step change UAE-based niche ports operator Gulftainer is focused on expansion
Fundamentals drive Russian port merger Shipping lines will gain from St Petersburg terminal cooperation
Our flexible friends The ferry sector must engage with the regulatory process to win through
Data Hub: Box Pool Update Box conveyor belt slows
Bechtel's African adventure Offshore island solution could be adapted to suit container handling
US shippers want P3 clarity US SHIPPERS are calling for a thorough investigation into the potential pricing and service effects of the P3 Alliance
Rules to raise H&M broker scrutiny GERMAN hull and machinery insurers are applying new rules for payment transfers and documentation by insurance brokers
Long-haul box rates continue freefall LONG-HAUL container rates continued to fall last week as the slack winter season began to take hold
KDB becomes STX PO's top shareholder KOREA Development Bank today displaced STX Corp as STX Pan Ocean's biggest shareholder
10-tanker sale rumoured COPENHAGEN-based J Lauritzen is rumoured to be considering selling off its product tanker business to Hafnia, a compatriot company now going public
Maersk Tankers mulls over ordering products tankers MAERSK Tankers told Fairplay today that it is considering placing orders for products tankers
Iran's navy foils pirates IRAN'S navy has reportedly foiled a pirate attack on an Iranian LPG carrier
Two missing in South China ship fire TWO people are missing after a ship fire off the coast of South China's Guangxi Zhuang Autonomous Region, local maritime authorities said
Price gap widens in demolition offers CASH buyers have been raising offers to secure tonnage for demolition in India, even as ship owners are refraining from demolishing their ships
China Gas considers LNG bunkering HONG KONG-listed China Gas plans to enter China's LNG bunkering market for river cargo vessels, a company executive said
India Arrests US Anti-Piracy Vessel, Crew Ten crew members and 25 security guards aboard a ship engaged in anti-piracy services were arrested in Chennai Oct. 18 after they failed to produce proper documents allowing them to carry weapons, Indian authorities said. The MV Seaman Guard Ohio is owned by Washington-based AdvanFort International, and flies the Sierra Leone...
FREE Webcast: Accessing Hidden Revenue: Steps to Improving Ocean Freight Invoice Audits When the head of the world's largest ocean carrier talks about market trends, the industry listens. So when Maersk Line CEO Soren Skou told 2,000 attendees at the JOC's TPM Conference in Long Beach last March that 12 percent of invoices issued by ocean carriers contain inaccuracies, shippers took notice....
Shippers Face Squeeze in Reefer Boxcar Capacity Shipper acceptance of refrigerated rail has grown in the past several years as new services have proved reliable in intermodal and boxcar sectors. That acceptance has translated in expansion of existing services and new companies entering the arena. But growth of the fledgling industry niche will be difficult to sustain as...
The Golden (State) Rules Let's start with a multiple choice quiz: California is: A: Home to world-class researchers and entrepreneurs. B: A progressive-thinking state that leads the world in environmental trends and regulations. C: A business-hating bureaucracy that chases away companies and jobs. D: All of the above. The correct answer, of course, is D, All of the above. There's a...
ChassisManager Platform Connects Chassis Owners, Users It's going to be some time before ocean carriers, trucking companies and equipment owners build a new chassis model as ship lines retreat from the business of providing the wheeled intermodal equipment. During the transition, technology providers such as IAS are providing ocean carriers, motor carriers and chassis owners with...
Hanjin Shipping to Stop Calling at Port of Portland, Ore. A Hanjin container ship at Port of Portland's Terminal 6.Hanjin Shipping plans to leave the Port of Portland, Ore., to cut costs, according to the port. After nearly two decades of service to the port, the carrier has confirmed that it will end its weekly service in January, putting the port's...
Arbitrator: No-Strike Clause in ILA Master Contract Trumps Local Disputes An arbitrator's ruling that forced striking Baltimore longshoremen back to work on containers and roll-on, roll-off cargo has implications for other East and Gulf Coast ports still negotiating local issues not covered by a coastwide master contract. Arbitrator M. David Vaughn ruled on Oct. 18 that the three-day walkout by members...
EU, Canada Eye $29 Billion Annual Payoff From Free Trade Deal The European Union and Canada expect their free trade agreement boost two way trade in goods and services by $29 billion a year. Brussels and Ottawa are targeting a 2015 launch for the deal signed Friday which requires approval from the EU's 28 governments, the European Parliament and Canada's 10 provinces. Struck...
Kansas City Southern's 3Q Profit Jumped 31.2 Percent Kansas City Southern reported its profit in the third quarter jumped 31.2 percent, from $90.7 million in 2012 to $119.0 million in 2013. Quarterly revenue for the Class I railroad was a record $621.6 million, up 7.7 percent from $577.4 million in the same period last year. Overall, carload volume was...
Hub Group's Profit Inched Up in Third Quarter Hub Group reported profit in the third quarter of 2013 totaling $18.6 million, inching up year-over-year from $18.5 million. Total quarterly revenue for the U.S. domestic freight transportation provider was $883 million, from $804.9 million in the third quarter of 2012. The Hub segment's revenue increased 10 percent year-over-year to $679...
Carnival crewman dies A crew member on a Carnival Cruise Lines vessel has died in an accident at the port of New Orleans.
Three LNG ships fixed A trio of LNG carriers have been fixed for spot shipments as the winter demand season kicks in.
Brodosplit books two Croatia's Brodosplit has bagged an order for a pair of LNG-powered multipurpose vessels.
Iran thwarts second attack The Iranian navy has said it has foiled another pirate attack as incidents increase in the Gulf of Aden.
Nakilat in tug order Nakilat joint ventures will build and operate a series of tugs to work at the Qatari LNG stronghold of Ras Laffan port.
Capital Product finds better Capital Product Partners (CPLP) has signed a more lucrative charter for a vessel after the existing deal with its parent was cut short.
Piraeus plots ship auctions The port of Piraeus in Greece will be selling 18 inactive or abandoned ships through auctions.
STX sells more Pan Ocean Korea's crisis-hit STX Group now owns just 3.55% of restructuring bulker company STX Pan Ocean after more share sales.
Minoan seeks share cash Loss-making Greek ferry owner Minoan Lines is to boost its financial position with a share issue aimed at existing investors.
MHI leads Brazil deal Mitsubishi Heavy Industries is leading a consortium of Japanese companies into a deal for a Petrobras-controlled Brazilian shipyard.
Coastal clinches six Malaysian shipbuilder Coastal Contracts has announced deals to build six offshore vessels worth MYR 318m ($100.33m).
Two missing after blaze Two crew were missing on Monday after a fire ripped through a dredger off China.
China orders rebound Chinese shipyards clinched close to half of all global ship orders placed in the first nine months of the year.
New options for Ismar Three top executives at Western Bulk have clinched new share option deals after selling stock worth nearly $5m in the company's IPO.
Western Bulk banks $40m Norway's Western Bulk has confirmed its Oslo IPO brought in gross proceeds of NOK 237.49m ($40.11m) through a sale of 20m new shares.
Embiricos bins VLCC Embiricos of Greece has reportedly scrapped an 18-year-old VLCC for an above average rate.
HMM adds bulk duo Korea's Hyundai Merchant Marine (HMM) is adding two kamsarmax bulkers to its fleet.
Dragados steps in? Spanish offshore construction group Dragados has been linked to a takeover of troubled OSX's Brazilian yard.
Arctech clears backlog Finland's Arctech Helsinki Shipyard has settled its wages bill after a problem caused by a delay in obtaining loan guarantees.
Arms ship to be freed The North Korean cargoship seized in Panama with a Cuban arms cargo will soon be released.
Subsea 7 ties up two Subsea 7 has secured charter contracts from Brazilian state oil major Petrobras worth in excess of $600m.
New SCI boss unveiled Arun Kumar Gupta has emerged as the favourite to be the next chairman and managing director of Shipping Corporation of India (SCI).
Oro Negro prices bond Integradora de Servicios Petroleros Oro Negro (Oro Negro) has priced its debut bond issue as it looks to fund its rig newbuilding effort.
Norden ship targeted Vessel robberies continue to take place in Indonesia unchecked with a modern Norden products tanker the latest victim.
Hyundai arrests TMT PCC Hyundai Heavy Industries has had a Today Makes Tomorrow (TMT) owned car carrier arrested in Malta.
Seabourn books newbuild Seabourn has ordered a new ultra-luxury cruise ship at Italy's Fincantieri in the latest stage of its fleet upgrade program.
USDA offers $181 million for biofuel production "This financing will expand the number of commercial biorefineries in operation in the U.S. that are producing advanced biofuels from non-food sources," Agriculture Secretary Tom Vilsack said in a statement.
All ships being worked in Baltimore The Maryland Port Administration said all ships are working normally again at the Port of Baltimore after the International Longshoremen's Association agreed to a 90-day contract extension on Friday.
NIT League seeks info on P3 Alliance
MSC announces peak-season surcharge
Sales of U.S. sorghum soar in China The U.S. Grains Council (USGC) said that on last Friday, Oct. 18, the first-ever bulk shipment of U.S. sorghum to China berthed and began unloading at the Guangzhou Port Facility.
Canadian National faces Oct. 28 strike
FedEx receives first 767 cargo jet
Use of NVOs shows P3 impact already appearing
Vehicle operations start at Port of Lazaro Cardenas
Avails tight in Fujairah Prices generally rising in Middle East and Africa.
Prices start week firm across Europe But price movements are muted.
Supplier loses out in bunker dispute Scandinavian Bunkering loses lawsuit against Norfield Shipping for unpaid bunkers.
New CEO for Singapore LNG terminal Former CEO of YTL PowerSeraya will take up the post.
UK supplier makes first ship-to-ship MGO transfer Geos Group says it is offering ex-barge deliveries on case-by-case basis.
IMO chief supports calls for 'early' low sulphur decision 'I have suggested that the study of availability of low sulphur fuel should be accelerated', says Koji Sekimizu.
India to boost cabotage trade Reducing bunkering duties is one incentive under consideration.
New barge for Gladstone Replacement is nearly twice the size of old barge.
Efficiency improvements to cut global fuel use by 2040 Even if shipping activity doubles, bunker volumes could shrink equal to Singapore's or more.
Asian IFO prices start week stronger Tight avails reported in Singapore.
Brightoil to build terminal in China New terminal will have four berths.
Software updated with ECA data 'Information on ECA boundaries is critical for efficient voyage planning.'
Five arrested for illegal bunker sales Maritime security vessel detained in Indian port.
Engine optimising saves on fuel Product links engine performance to weather conditions.
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