CMA CGM and MSC cancel two joint Asia-Europe sailings Carriers act to tackle weaker volumes
The world turned upside down The changed US oil market has altered global trade and further change is possible
Maritime security must be seen as a profit culture, not an overhead FREE CONTENT: Highlights from the Lloyd's List roundtable: Future security threats for shipping
CSD leases two handysize bulkers from sister firm Chinese state carrier agrees to daily charter rate of $5,416
Third quarter brings a dip in box line reliability Performance is unlikely to improve in the year's final three months, Drewry warns
CSCL to dispose of $111m non-core assets after losses mount Logistics consultancy and freight forwarding and container depot entity to be sold
ICBC Leasing sues CSC Phoenix for missing charterhires for 39 ships Troubled China state-owned carrier faces $95m lawsuit
Offen's Santa V series faces insolvency proceedings Santa R series declared bankrupt earlier this month
Asian Shippers Council fears the worst from the P3 tie-up ASC claims the alliance is 'too big' and will make the market more volatile
Tilbury wins new service as UK box port shake-up continues German shortsea operator OPDR switches from Felixstowe
Höegh quits short-term LNG shipping for good Exclusive interview: looming oversupply drives Oslo-listed owner to focus on FSRUs
Worker crushed to death at Hongkong International Terminals Traffic controller killed in incident with gantry crane at Kwai Tsing Terminal 6
Daehan Shipbuilding wins 14 capesize bulker deals Knightsbridge Tankers, Polaris Shipping and Sinokor Merchant Marine place orders
BW LPG shares start trading on Oslo exchange Offer price implies company has a market capitalisation of more than $1bn
DSME wins LNG carrier deal Teekay tipped to exercise another option for 173,400 cu m vessel
CGG seeks four ice-class seismic support vessels Geoscience firm may target Arctic oil and gas
SCF returns to profits SOVCOMFLOT today announced 3Q13 net profits of $9.1M, from 3Q12 net losses of $8.5M
HHI orders ultra-steam turbines from MHI HYUNDAI HI has ordered Mitsubishi ultra-steam turbine plants for four LNG carriers it is building for PETRONAS
US ship repairer sold NORTHEAST Ship Repair has been sold by JF Lehman to another private equity group
South China Sea seen as offshore boon TAPPING oil and gas in the South China Sea will create great knock-on opportunities for China's offshore industry, China Shipbuilding Development Summit 2013 heard today
Karageorgiou warns on dry bulk boom GLOBUS Maritime CEO George Karageorgiou expressed caution today about the Capesize-led dry bulk rate boom of 3Q13
BW LPG prices IPO BW LPG said today it had priced its IPO at NOK47 ($8.10)/share and sold another 9.7M shares in an overallotment
SNCM aid repayment doubles to €440M The European Commission has doubled the amount of aid it wants the French government to recover from French Mediterranean ferry company SNCM to €440M
Higher grain exports expected GLOBAL grain exports could reach 140.9M tonnes in the current 2013-14 grain trade year, according to latest figures from the United States Department of Agriculture
Iranian oil output seen staying stagnant IRANIAN crude exports are expected to remain largely unchanged until 2015 at the earliest, despite moderate president Hassan Rouhani's election earlier this year
KDB becomes top STX O&S shareholder KOREA Development Bank today became STX Offshore & Shipbuilding's biggest shareholder after a sell-off by STX Corp
Alam Maritim profit rises by 40% ALAM Maritim, the Malaysian offshore services provider, posted 3Q13 profits of 22M ringgit ($9M), a 40% hike from last year
Eastbound Pacific Carriers Seek 2-Stage Rate Increase Container shipping lines operating from Asia to the U.S. intend to restore baseline freight rates for late holiday season shipments in December and the pre-Lunar New Year period in January. Member lines in the Transpacific Stabilization Agreement have plans to collectively adopt general rate increases of $200 per 40-foot container, effective...
STB Nominee Open to Rail Metric Reconsideration WASHINGTON - The Surface Transportation Board member nominated by President Obama told Congress Thursday that it "wasn't unreasonable" to reconsider how the rail regulatory agency calculates whether a carrier is "revenue adequate." The contentious metric is one of the factors used by the STB to determine pricing challenges made by shippers...
China Shipping to Combine Two North American Service Centers China Shipping (North America) has plans to relocate its customer service center in Houston and its intermodal center in Chicago to make way for a new combined National Service and Operations Center that will be opened in a new location, which will be selected and announced at a later date. China Shipping...
Regional Economy, Petrochemicals Investment Ignites Growth at Houston Port Port of HoustonThe Port of Houston is sitting pretty atop twin economic engines. Its booming petrochemical sector is boosting exports, and its rapidly growing population base is fueling imports. The port's steadily growing container volumes reflect the region's healthy economic growth, with total throughput projected to rise 3.5 percent to 1.8...
P3's Positive Prognosis There's bound to be plenty of news over the next few weeks about the proposed P3 Network as regulators in the U.S., Europe and China decide whether a massive vessel-sharing agreement among the world's three largest container shipping companies is anti-competitive and therefore shouldn't be allowed to take effect. In the...
New HazMat Reporting Required for Canadian Railroads A Canadian National train in Quebec.Canada's federal government has instructed rail companies to share information with municipalities to ensure there is ongoing dialogue about the transportation of dangerous goods. Transport Canada now requires that any Canadian Class I railroad or person that transports dangerous goods must provide relevant municipalities with yearly...
Waterfront Commission Postpones NY-NJ Hearing The Waterfront Commission of New York Harbor's scheduled Nov. 25 hearing on longshore hiring practices at the Port of New York and New Jersey has been postponed until a to-be-determined date in December. The commission has been locked in a dispute with the New York Shipping Association and International Longshoremen's Association...
Average US Intermodal Rate Falls Top 36 lane index, week of November 18, 2013 Full-size image An index of U.S. intermodal rates fell again in the week ending Nov. 18, pulled lower by declines in all four directional indices this week. The overall index rate of the top 36 U.S. lanes decreased 2.2 percent, or $46, to $2,076,...
FedEx, Direct Relief, and Heart to Heart International Team Up to Deliver Supplies and Aid to Philippines MEMPHIS, Tenn., November 20, 2013 - FedEx Corp. (NYSE: FDX), Direct Relief and Heart to Heart International have teamed up to deliver more than $10 million worth of relief aid and medical supplies to communities across the typhoon-ravaged Philippines. The shipment, containing nearly 200,000 lbs. of both pharmaceuticals and medical...
MIQ Logistics CFO Honored by Kansas City Business Magazine OVERLAND PARK, Kan., November 21, 2013 - MIQ Logistics is proud to announce that Ingram's magazine named Chief Financial Officer Brenda Stasiulis to its 2013 class ofWomen Executives-Kansas City (WeKC). Stasiulis is one of 10 women recognized by the publication this year. "Brenda clearly deserves this honor," says John Carr,president and chief...
"Best Place to Work:" Kane Is Able Takes Two Top Honors in Reader's Choice Awards from Scranton Times-Tribune SCRANTON, PA -November 21, 2013- Third-party logistics provider Kane Is Able, Inc. (KANE -- http://www.kaneisable.com) won the popular vote for the Best Place to Work in the annual Reader's Choice Awards in the Scranton Times-Tribune. KANE won first place in the categories of Best Place to Work - Warehouse and Distribution, and...
Japan's Trade Surplus With US Grows Japan's trade surplus with the United States widened 38.8 percent in October from a year earlier to 577.2 billion yen ($5.77 billion) as exports surged at a much faster pace than imports, according to preliminary figures released by the Finance Ministry this week. It was the 10th straight monthly expansion on...
Pacer International Forecasts Higher Revenue in 2014 Pacer International forecasts its revenue in 2014 will range between $1.1 billion and $1.3 billion, representing an expected increase of 10 to 18 percent from its 2013 results. Meanwhile, earnings per share are projected to be between $0.35 and $0.45, an expected increase of 35 percent to 36 percent from the previous...
Forwarders, Brokers on an Even Keel Q: As you know, the surface transportation law, MAP-21, among other things, will require motor carriers (common or contract) to divorce their brokerage operations from their carrier operations. Under the current situation, with almost all motor carriers also functioning as property brokers, the shipper really doesn't know if the transportation...
Kristin Isabelli Joins USCIB as Director of Customs Policy Washington, D.C., November 20, 2013 - Kristin Isabelli has joined the staff of the United States Council for International Business (USCIB) as director of customs and trade facilitation. She brings significant Capitol Hill experience on these issues, having worked most recently as a legislative aide for the House Ways and Means...
Zinnovate Joins Growing CargoWise Partner Network Sydney, Australia, November 20, 2013As the number of logistics providers adopting CargoWise's single-platform supply chain software continues to rise, businesses worldwide are seeing increasing opportunity in joining its customer-focused service programs. More than 60 regional logistics specialists have now joined the program, each gaining certification to provide localized on-the-ground consultation,...
"K" Line to Support Typhoon Victims in the Philippines Kawasaki Kisen Kaisha, Ltd. ("K" Line) has today announced that, in order to give relief to victims of Super Typhoon "Haiyan" and support disaster recovery efforts, it has decided to donate 5 million yen (approx. 50,000 US dollar) through The Rayomar Outreach Foundation Inc. (ROFI*), a charitable institution founded by...
Kalmar relocates 850 ton ship-to-shore crane at the Port of Helsingborg, Sweden Kalmar, part of Cargotec, has completed the relocation of an 850 ton Kalmar ship-to-shore (STS) crane for its customer the Port of Helsingborg, Sweden (Helsingborgs Hamn AB). The order was signed in September 2013 and the work was completed within a two week time frame during November. The complex project, which was...
ICAO Council Elects New President MONTRéAL, 18 November 2013 - The International Civil Aviation Organization (ICAO) announced today that Dr. Olumuyiwa Benard Aliu of Nigeria has been elected as the new President of the ICAO Council. Aliu's election by acclamation was confirmed today when the 36 States which comprise ICAO's Governing Council registered their unanimous agreement during...
Wait and see Globus Maritime of Greece does not appear to have abandoned plans to part ways with its oldest bulker but management says it's not going to jump the gun.
GLBS takes flight Shares of Greek operator Globus Maritime (Globus) gained traction in midday trading Thursday as investors digested the details of a third-quarter beat that caught many off guard.
Vetting for obsolescence Ship vetting is increasingly serving as another way that tankers become obsolete, helping to push some tonnage out of the market, said Connecticut tanker broker Robert Flynn.
DNB initiates gas duo Researchers with a leading Nordic investment bank have initiated research coverage of two newly listed LPG carrier operators.
GZE turns on Titan Struggling Hong Kong group Titan Petrochemicals' rescuer Guangdong Zhenrong Energy (GZE) has stunned the company by demanding interest on debt it took over.
Dof adds more Norway's Dof has added another clutch of subsea contracts to its orderbook worth $65m.
SCF stronger in third Russian state tanker owner Sovcomflot (SCF) has increased its profit in the third quarter, but it remains some way behind last year over the first nine months.
BWO steady in Q3 BW Offshore reported an improvement in third quarter earnings as a long delayed FPSO finally got to work.
DNB to lose less Norway's DNB bank has lowered its loan impairment forecast for 2013 as shipping markets improve.
Scandlines deal cleared The European Commission has cleared the full takeover of Scandlines by private equity group 3i.
Row brews over capsizing The families of crew missing following a tanker capsizing in Nigeria have criticised the owner.
Bahri seals dry finance Saudi Arabia's Bahri has secured financing for its five kamsarmax newbuildings just as the first prepares to hit the water.
Lines win Pacific work Three container lines have won a tender to provide services to central Pacific islands from next year.
CSDC takes new bulkers China Shipping Development Co (CSDC) has boosted its bulker fleet with a bareboat deal for two newbuildings.
ESL takes one ESL Shipping of Finland has hired a bulk carrier to meet rising demand in the Baltic Sea.
Navigator Gas to bank $156m Wilbur Ross-owned Navigator Holdings has priced its $228m New York IPO at the top of its range as it seeks to fund newbuildings.
Rongsheng row goes on Chinese shipbuilder Rongsheng is facing another legal headache as the fall-out from its aborted takeover of an engine maker continues.
BW LPG hits the street BW LPG, the world's largest operator of VLGCs, began trading in Oslo today following its IPO.
NSC stake for sale Russia's stake in Northern Shipping Company (NSC) will go under the hammer next month.
2Go falls to loss Philippines ro-pax group 2Go has plunged to a loss in the third quarter as revenue fell.
Niagara refloated Three tugs have freed a CSL Group bulker that grounded in Lake Erie on Sunday.
DSME books gas carrier DSME has secured a newbuilding order for an LNG from an undisclosed client in a contract worth $200m.
Ensco back at Keppel Keppel Offshore & Marine has secured a repeat newbuilding order from US drilling company Ensco for a harsh environment jack-up.
DSF knocks private equity Danish Ship Finance has criticized private equity funds that invest in shipping with a speculative and short-sighted view.
TMT slammed over bulker TMT has come in for harsh criticism from UK trade union Nautilus International over the treatment of one of its bulker crews.
Déjà vu NewLead Holdings of Greece appears to struggling to hold ground in the long-time battle to maintain its Nasdaq listing.
Karageorgiou's crystal ball The recent strength of the Baltic Dry Index (BDI) suggests that the declining pace of fleet growth has enabled freight rates to be more responsive to increases in cargo volumes, the chief executive of Greek bulker owner Globus Maritime told investors Wednesday.
Transpacific carriers seek $500 in rate increases Transpacific Stabilization Agreement members are adopting a two-step "guideline" rate increase that, when combined, would hike freight rates $500 per 40-foot container in December and January.
APM Terminal modifies cranes for Triple Es The Rotterdam Maasvlakte I terminal will modify five of its existing post-Panamax cranes so they can reach across 23 rows of containers and accommodate the latest generation of ultra-large container ships.
Report calls Tar Sands crude a new threat to Great Lakes The Alliance for the Great Lakes is raising the alarm over plans to ship tar sands crude oil on the Great Lakes. In addition to supporting fisheries and tourism, many cities get their drinking water from the Great Lakes.
Seaspan seeks to raise up to $84.6 million
Theft on the rise during Thanksgiving For the past three years, the incidence of theft has risen to a daily average of 10.5 thefts during the holiday weekend compared to the usual average of 2.6 thefts per day, according to FreightWatch International.
Waterfront Commission postpones hearings again The organization has further postponed the start of a public hearing about adding longshore workers in the Port of New York and New Jersey from Nov. 25 to a yet-to-be-named date in December.
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