Torm forced to sell five MR tankers to Oaktree Vessels to be placed under Torm commercial management
Casualty reporting Lack of international repercussions means lagging states are unlikely to change
Ten-ship deal with HSH takes Navios into box business Joint venture could target new distressed deals
Angola's new angle Luanda investment brings new dynamism to West Africa's energy and shipping sectors
Small LPG carriers in favour as intra-regional trade grows Africa seen as driver of demand for ships
Adopt the brace position The threat of war on the Korean Peninsula has legal consequences for shipbuilding
The battle for herd immunity As in the fight against measles, we need high, stable levels of resistance to wipe out piracy
China LNG Shipping posts $24.5m annual net profit Specialist BP Shipping crew stay on after joint venture expires
German navy to patrol Gulf of Aden for another year Over 300 soldiers currently deployed for Operation Atalanta
Paragon awaits offer approval after successful hop to Nasdaq Move reverses switch to NYSE in 2010
Alliances could solve intra-Asia oversupply EXCLUSIVE: Market fragmentation is the biggest obstacle, says MCC chief
Study to examine potential for second JadeWeserPort box terminal Results to be presented in early 2015
Industry lobbies IMO over flag-state failure to submit casualty reports Shipowners and unions join forces to voice concern
India delays Enrica Lexie death penalty decision Supreme court will rule on Thursday whether marines could face capital punishment
Six buyers battle for larger product tankers Renewed interest reflects dearth of mid-size tonnage for sale
RCL gets closer to Cosco Intra-Asia carrier and Chinese liner form partnership to boost Thailand-China service
Maersk Line refuses to rule out Asia-Europe vessel sharing If we can offer same or better service at lower cost by deploying a VSA we will, says Skou
US rules to mandate green products The 2013 VGP requirements bring good news for some lubrication manufacturers
US gives first clearance for ballast water systems Approval granted to Cleanballast from Veolia Water subsidiary RWO
Wärtsilä sees services as key to future business Outsourcing maintenance will spread as marine engines become more complex
Global container trade faces single-digit growth Seabury Group highlights pockets of regional expansion despite widespread stagnation
Legal eagles flock to London Symposium marks IMO legal committee's 100th session
Petronas fails to delist MISC Malaysia energy giant needed 90% of tanker firm's shares to take control
Pacific Basin to cement leading handy position via newbuilding Hong Kong-listed handysize specialist targets ship types not available on secondhand market
Taiwan shipping heats up TAIWAN'S shipping sector is heating up, with the first direct service to Taiwan from China's Guangxi province starting today and Evergreen adding two box ships
RMT's 1Q profits rise 30% RICKMERS Maritime Trust's 1Q13 profits rose 30% year on year to $10.74M
Woodside scraps Pluto LNG expansion WOODSIDE has decided to scrap plans to expand its Pluto LNG Project near Karratha in Western Australia
Drewry on boxes: 'seems like suicide' but look again BOX SHIPPING lines have raised capacity by 12% on the Asia/East Coast North America trade lane, even though capacity utlisation is dropping, Drewry has noted
MISC shares crash as PETRONAS deal fizzles MISC'S shares plunged by almost 14% today in reaction to PETRONAS withdrawing its offer to buy out and delist Malaysia's national shipping group
Asia/Europe box rates keep crumbling ASIA/NORTH Europe box rates continue to deteriorate, falling below the psychologically comfortable level of $1,000 per teu for the second straight week
Cyprus spurs bulker S&P CYPRUS'S financial crisis has apparently sparked a rush among Greek ship owners to put their cash in ships rather than in banks
9M smuggled cigarettes seized in Felixstowe UK BORDER Force officers were reported today to have seized 9M smuggled cigarettes in a container at Felixstowe
CSA assails port call by Vale's VLOC VALE'S port call in Liangyugang last week by its 2012-built, 402,285dwt Vale Malaysia has raised a protest from the China Shipowners' Association
FSL Trust losses worsen FIRST Ship Lease Trust today unveiled losses of $7.07M for 1Q13, worse than $4.17M in losses in the same period last year
China's iron ore import price seen dropping THE PRICE of iron ore imported to China is expected to drop by $10-15 per tonne in 2013, the China Iron & Steel Association said
'Tailwind' seen for Korean yards SOUTH Korea's three biggest shipbuilders should be spared serious blowback from the cancellation of Browse LNG's onshore liquefaction project, a sector analyst predicted today
Sainty Marine profits jump SHENZHEN-listed Sainty Marine, a Jiangsu-based shipbuilder, said its 1Q12 profits jumped 44% year on year on income from extending loans
SinOceanic unit restructuring SINOCEANIC Shipping said today its wholly owned unit SinOceanic II is restructuring its finances
Rosneft and Marubeni sign MoU on LNG schemes RUSSIAN oil and gas company Rosneft has signed a memorandum of understanding with Japanese trading house Marubeni on joint exploration and development of oil and gas fields and LNG project implementation
Southwest Airlines, AirTran Airways Join Cargo Networks Southwest Airlines has started shipping cargo on AirTran Airways under the Southwest Airlines Cargo brand. In addition to broadening the overall cargo network across the two airlines, Southwest introduced four new cargo destinations to its route map: Charlotte, N.C.; Rochester, N.Y.; and Richmond, Va. Beginning May 1, Southwest Airlines Cargo will...
ICAO, TIACA Team Up for Air Cargo Security The International Civil Aviation Organization and the International Air Cargo Association have signed a declaration of intent to strengthen their cooperation on technical matters. The agreement was signed in Dallas at TIACA's 2013 Executive Summit by Michael Steen, TIACA's chairman, and Raymond Benjamin, ICAO's secretary general. Under the terms of the deal,...
Canadian National's First Quarter Profit Plummets Canadian National today reported net income in the first quarter of 2013 totaling C$555 million (about US$540.8 million), a decline of 28 percent from $755.2 million in the first quarter of 2012. First quarter of 2013 profit results included an after-tax gain of $35.1 million, and first quarter 2012 included an...
Terrorist Plot Targeting Toronto-New York Train Thwarted Canadian police and intelligence agencies have thwarted a plot to carry out an al-Qaeda-supported terrorist attack on a passenger train between Toronto and New York City, according to James Malizia, Royal Canadian Mounted Police's assistant commissioner, in a press conference, CBC News reports. Two suspects have been arrested and charged with...
Steep Declines for Rotterdam Bunker Fuel Prices Bunker Fuel Prices - Rotterdam Full-size image Spot rates for high and low sulfur bunker fuel experienced a second week of steep declines in the week of April 19, according to daily Bunkervision price data via international marine fuel oil broker LQM Petroleum Services, Inc. High sulfur bunker fuel fell by 4.8...
Court Rejects US Truckers' Challenges of Mexican Pilot Program U.S. trucking groups have lost an appeals court challenge to a federal pilot program that allows Mexican truck drivers to cross the border and deliver goods in the U.S., Bloomberg reports. The U.S. Court of Appeals in Washington, D.C., rejected an argument by the Owner-Operator Independent Drivers Association that Mexican commercial...
Trinity Industries Acquires Forjas Metálicas Trinity Industries has acquired the assets of Forjas Metálicas for about $23 million, plus assumption of certain specific liabilities. Forjas Met'licas, also known as Formet, is based in Monterrey, Mexico, and designs, manufactures and sells galvanized and corrugated steel products for the electricity transmission and highway products markets. Trinity Industries, headquartered...
Mississippi River Reopens at Vicksburg After Barge Crash The Mississippi River has reopened at Vicksburg, Miss., today, after officials determined there was enough water covering a barge that sank over the weekend to allow other vessels to safely navigate through, The Washington Post reports. The U.S. Coast Guard closed the river yesterday after the U.S. Highway 80 railroad bridge...
Kuryla Named Jaxport Director Juan Kuryla, deputy port director at Miami, has been chosen the new CEO at the Port of Jacksonville. The Jaxport board unanimously voted for Kuryla over two other finalists - interim CEO Roy Schleicher and Michael E. Moore, the former CEO of Global Container Terminals. The selection came after the board interviewed...
Pepsi Logistics Launches Revamped Shipments App Blue Stingray Digital Ad Agency has launched a revamped logistics application for Pepsi Logistics, replacing the transportation provider's previous desktop application for tracking shipments and deliveries. The new HTML5 app allows delivery drivers to access shipment data and check deliveries from smartphones or tablets as they arrive at a destination. The app...
Brown Transfer Outsources Billing DDC FPO, a freight process outsourcing provider, has completed the rollout phrase of bill data capture operations for Brown Transfer Company. Brown Transfer, a less-than-truckload carrier based in the Midwest, looked to outsource its data to eliminate unnecessary time and costs, according to Trevor Aden, the company's director of business development. "Operationally,...
TCB Railway Expects 11 Percent Increase in 2013 Container Traffic TCB Railways has reached a monthly transportation capacity of 17,000 20-foot-equivalent units between the Port of Barcelona and hinterland intermodal terminals in Zaragoza, Vitoria, Selgua, Azuqueca de Henares, Burgos and Valladolid in Spain. Last year, the Grup TCB subsidiary handled 117,000 TEUs, and the forecast for 2013 is 130,000 TEUs annually,...
Globe Express Services Names Cross US Compliance Leader, Northeast VP Globe Express Services has appointed Regina Cross as vice president of the U.S. Northeast region and U.S. compliance leader. Cross will be based in New York City and will report directly to Oliver Huber, president of the North American region, with dotted line responsibility to Michael C. Hughes, president and CEO. Cross,...
ICS, ITF Concerned About IMO Casualty Reporting Compliance The International Chamber of Shipping and the International Transport Workers' Federation have made a joint submission to the International Maritime Organization expressing concern about the apparent failure of some flag states to submit maritime casualty reports to the agency, which is required under several international maritime conventions. In accordance with the...
Navios Acquires Container Ships From HSH Nordbank Navios Maritime Holdings, a NYSE-listed tanker and dry bulk vessel owner, has moved into container shipping, acquiring five vessels from debtors of HSH Nordbank. The five ships, with capacity ranging from 2,007 to 3,498 20-foot-equivalent units, were acquired along with five product tankers, in a $130 million cash deal with the...
Turkey's EVYAP Port Receives Electric RTG Koncranes' fully electric RTG.Konecranes has delivered a busbar-powered, fully electric rubber-tire gantry crane to EVYAP Port in Istanbul. It is the first in a series of eight RTGs ordered in 2012 by the Turkish port operator. The RTGs, also equipped with network braking, will run on electricity drawn from the local grid....
OOCL Announces Ship Change in Gulf Mexico Service OOCL has announced that the container ship Norfolk Express in its Gulf Mexico Service, GMX, will be replaced on its current voyage by another vessel, Irenes Rainbow, effective immediately. The container carrier has arranged for all westbound cargo previously loaded onboard the Norfolk Express 033W in Thamesport, England; Antwerp, Belgium; and...
Attention turns to liner raid The price tag tied to the ten vessels that Navios Group (Naivos) has acquired from HSH Nordbank implies the deal may have included time charters, according to Omar Nokta of Global Hunter Securities.
All eyes on HSH
Clarksons changes sums Owners opening Clarksons' weekly report to find benchmark rates for their vessels have jumped up or fallen down may have no need for a change in heart rate.
DESSC bags Malaysia job John Fredriksen's Deep Sea Supply has bagged a contract for an anchor handler in Malaysia.
Four more for Wintermar Indonesia's Wintermar Offshore Marine has turned to a Chinese shipyard for up to four offshore support newbuildings.
Gard hits the jackpot The Gard marine insurance group continued to power ahead last year delivering a $99m surplus in a difficult year.
Teekay starts press Teekay Offshore is seeking to collect up to $140m from the printing of preferred shares.
Frangou: more to come Greece's Navios Group hinted at further distressed vessel deals with HSH Nordbank after sealing a 10-ship purchase on Monday.
Rickmers' double joy Rickmers Maritime has two reasons to celebrate today after booking an improved first quarter profit at the same time as investors waved through an $80m rights issue.
Kleven hits high note Norwegian offshore support vessel builder Kleven has posted record numbers for last year as it handed over more high-end vessels.
A model for the future? German lender HSH Nordbank is planning more than EUR 1bn ($1.3m) of further distressed vessel sales after clinching a breakthrough deal with Greece's Navios Group.
Navios buying idle 10 Greece's Navios Group is teaming up with HSH Nordbank to buy and reactivate at least 10 idle or under-performing vessels from the lender's portfolio of bad loans.
Nothing super about eco Nikolas Tsakos has rubbished super eco newbuildings as the flavour of the month and ruled out his company Tsakos Energy Navigation jumping on the order bandwagon.
Nanjing Tanker suspended Trading of shares in Nanjing Tanker was halted on Monday in Shanghai after the owner racked up a third year of losses.
Nobu Su dodges bullet Nobu Su has been handed a rare bit of good news after finding out he won't be spending 18 months in an English jail.
DCI "unprofessional" Dredging Corp of India (DCI) has been criticised for not taking action to limit fuel bills up to 2011.
Torm drain for FSL Exposure to Torm helped send Singapore's First Ship Lease to a loss in the first three months of 2013.
Lorenzo profit soars Philippines feedership owner Lorenzo Shipping Corporation has posted a 458% jump in 2012 earnings.
Mizuho plays a new hand Mizuho Sangyo of Japan has cashed in its smallest bulker, brokers believe.
Songa scores in Vietnam Arne Blystad's Songa Offshore has tied up a semi-submersible drilling rig on a short term deal.
Seastar tipped for cape Hong Kong's Seastar has been linked to a deal to buy a modern MOL capesize.
KHI denies merger talk Japanese shipbuilder Kawasaki Heavy Industries (KHI) has denied a report that it will start merger talks with a rival.
ABG changes chiefs Dhananjay Datar is stepping down as CFO of India's ABG Shipyard after more than six years in the job.
MISC shares battered Shares in Malaysian shipowner MISC tumbled today after Petronas unexpectedly pulled the plug on a $3bn takeover bid for the company.
NOCC takes a cut Norwegian Car Carriers has netted a new deal for one of its vessels at what appears to be a slightly lower rate.
Novoship wants cut Russian tanker owner Novoship is asking shareholders to pocket less of a dividend for last year.
Four barges sink Four barges have sunk after breaking loose from a tug on the Illinois River.
Petrobras building 23 Brazilian oil producer Petrobras has signed for 23 new offshore vessels at domestic shipyards.
Peter Dohle books five Peter Dohle has ordered a series of up to five handysize bulkers at China's Jiangsu Hantong Ship Heavy Industry.
LR1s on the block Lloyd Fonds looks to be in the process of selling off a series four LR1 tankers under pressure from its banks.
Petronas drops MISC bid Petronas has pulled its bid to take MISC private in a $3bn buyout offer after failing to win minority shareholder support.
Noble eyes Baht bonds Noble Group has unveiled plans for a further round of fund raising with a Thai baht denominated bond issue.
NEWSFLASH: Kuryla named new head at Jaxport Juan Kuryla, deputy director of Port of Miami since 2009 and a 17-year industry veteran, has been named as the new director of the Jacksonville Port Authority by a unanimous vote of the port's seven-member board.
Carriers adding 12% capacity to Asia-NA east coast lane "Where the cargo to fill the extra capacity is going to come from has not yet been defined," the London-based firm said, adding it appeared carriers expect to entice some cargo now moving through North America's west coast ports.
ABF, Teamsters agree on another contract extension The less-than-truckload carrier had been striving for cost reductions, and though the Teamsters recognized publicly the need to reduce costs, the union representatives have not accepted any of the carrier's offers.
Lufthansa cancels most flights due to union strike
Boeing readies 787s for flight after battery fixes The U.S. Federal Aviation Administration has officially approved design modifications for the Boeing 787's lithium battery system after giving the go-ahead for Boeing's certification plan in early March.
FAA furloughs kick in, reducing airport capacity
Drewry Air Freight Index - A shaky March
Dutch firms initiate information-sharing network
U.K. eager for benefits of transatlantic trade deal Ambassador Peter Westmacott said during a briefing at the National Foreign Trade Council April 18 that his nation is hopeful for a quick commencement and conclusion of trade negotiations between the United States and European Union.
Prices soft in Northwest Europe Congestion reported in Piraeus.
Avails stay tigt in Fujairah and Suez Prices moving up in Durban.
Dover may benefit from ECA-related modal shift Could attract ro-ro and cargo throughput from other UK ports as it offers shortest route to Europe.
Eco advantage overdone, say shipowner Vice-chair of INTERTANKO and tanker owner unconvinced by 'eco' advantage.
Volatile oil prices strengthen case for biofuel US Navy will continue 'aggressive pursuit' of alternative energy.
Shipping industry not ready for scrubbers or LNG Shipping industry speakers at 'Fuelling the Future' conference expect to use MGO to comply in ECAs in 2015.
Triple-E vessels: Priority is to cut fuel consumption 'We are not putting them in to reduce rates,' said Maersk Lines' CEO.
Quick sulphur results promised by onboard analysis system New product said to be easy to use and can give 'pass/fail' results for sulphur, cat fines.
Asia bunker prices mostly down The only exception was Busan, where bunker prices rose.
Dan-Bunkering sets up office in Beijing 'Beijing is the first step in our expansion in China.'
Evergreen receives two L-type containerships Tenth and eleventh L-type containership launched at Samsung Heavy Industries shipyard.
Dubai takes first step in Maritime Green Initiative Dubai to begin initiative by taking on 'LNG powered tug' project.
Scrubber-equipped fishing trawler delivered Tersan Shipyard delivered the vessel to Strand Fiskelsrap.
Fuel-efficient multipurpose ship to support Russian port Vessel's propulsion system gives up to 30% fuel savings.
COSCO Pride crowned 'most sustainable ship 2012' According to the Environmental Performance Index published by the Port of Rotterdam.
Start of Hambantota bunkering operations delayed Marine fuel operations at port to start from October, according
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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