Steady as she goes for dry bulk tonnage as two kamsarmaxes are sold Healthy sale and purchase market hints at improved chance of recovery
P3 élite Although Maersk and its allies could add new partners, P4 looks elusive for now
Zeebrugge opens new box terminal Evergreen's Ever Laden becomes the first ship to call at 500,000 teu site
Reasons to be fearful? The directorate-general of competition plans a forensic review of state aid to shipping
KG crisis forces Santa P fleet sale UPDATE: MPC Capital says it is speaking to potential buyers
How many eggs are safe in one basket? Huge ships laden with potentially hazardous cargo involve too many unknowns
Kolkata terminal shortlist revealed Planned $250m terminal will offer 900 m quay and a 369,600 sq m of yard space
VLGC earnings top $50,000 per day Week of busy chartering boosts owners
Carriers could adjust their services to cope with sudden Suez closure But Asia-Europe sailing speeds and cargo prices would increase
Capesize rates ebb but underlying trends remain strong Iron ore inventories run low at China's ports and steel output stays robust
Qatar Navigation reports 30% rise in profit Doha owner optimises operations to weather tough market
Navigator orders up to five handysize gas carriers at Jiangnan China yard lands second batch of deals with Wilbur Ross-controlled firm
Demolition sector lifted by firmer rupee and improved steel prices India and Bangladesh pay solid rates for dry and wet vessels despite summer slowdown
Costa Concordia Five found guilty but avoid jail Costa Crociere could face civil action as cruiseship survivors ponder their options
P3 could embrace new partners Others could join P3 alliance if their operational profile fits, says Maersk executive
China can-do Despite Cansi's disappointing assessment, shipyards are making strides
Mandatory bio-lubes increase paperwork for crew Critics say US Vessel General Permit adds to bureaucracy and red tape
Capturing CO2 data is no easy task Shipowners are loath to monitor emissions if this leads to a market-based measure
Ardmore IPO takes shape ANTHONY Gurnee-led Ardmore Shipping today filed an amended IPO registration disclosing its target price range and new details on yard negotiations
Bulkers rule S&P deals DRYBULKERS remain favoured by investors looking for secondhand vessels, although transactions slowed down last week as more buyers and sellers went away for summer vacations
Financiers brush off tighter rules on KGs LEADING German KG ship financiers have brushed off concern that tighter rules taking effect today will strangle their business
Georgiopoulos suit dismissed A CLASS-action lawsuit alleging disclosure violations by General Maritime executives has been dismissed, new court records confirmed
SSA settles in Oakland SSA TERMINALS has settled a longstanding dispute with Oakland in a deal the port asserted would create the third-largest container terminal on the West Coast
19 saved in ferry sinking ALL 19 people aboard were rescued after a ferry sank off Sulu province in southern Philippines
China's imports of maritime equipment fall CHINA's imports of maritime equipment fell 15% year on year to $1.5Bn in the first five months of 2013, in line with the shrinking orderbooks held by Chinese shipbuilders and sliding vessel exports during the same period
Indian Oil books VLGC CRUDE marketing company Indian Oil Corp has booked the VLGC Kikyo for a year, brokers said today
Navig8 bulks up TANKER and bulker pool operator Navig8 has expanded the number of Supramaxes and Panamaxes under its commercial management
Mermaid bags $28M deals MERMAID Maritime said today it has clinched various deals worth a total $28M
Speculation revives as breaking market stabilises SOME CASH buyers have started offering high prices for ships heading for demolition in South Asia as markets stabilised last week
Konecranes to Supply Cranes to Pacific National in Australia A rendering of one of Konecranes' rail-mounted gantry cranes.Konecranes has received an order for four rail-mounted gantry cranes from Australian rail freight operator Pacific National. The investment in these cranes is part of larger modernization projects in PN's terminals in Sydney and Melbourne, Australia. The cranes will be delivered during 2014...
OOCL Christens 13,208-TEU Vessel in South Korea OOCL has christened its new 13,208 20-foot-equivalent unit vessel, which is the sixth of 10 new mega vessels ordered by the container line from Samsung Heavy Industries. The christening ceremony for the NYK Hermes was held on Geoje Island in South Korea. The vessel is about 366 meters (approximately 1,201 feet)...
Cold Shades of Gray Refrigerated transportation has come a long way from the days when Union Pacific Railroad put huge chunks of ice in boxcars to keep produce or meat from spoiling as it moved to market. It's not just a matter of refrigeration; modified atmosphere means apples can taste fresh after months in storage...
Live Fish Moving in Containers From Korea to US A U.S. seafood company is using new container technology to open a new market niche: live fish imported from South Korea. For the last year, Pacific American Fish has been engaged in "beta" testing to import shipments of live black rockfish, olive flounder and turbot using tanks built into a 20-foot...
Innovative Marketing Introduces Consumers to New Foods Getting people to try new things, especially expensive new things, isn't easy. For executive chef Nora Ramos, getting Americans of all ethnic backgrounds to try dishes made from live fish is both an art and a science. Live fish dishes today are mostly the province of Chinese restaurants where various varieties...
Hong Kong's Exports Dropped, Imports Rose in May The volume of Hong Kong's total exports of goods in value terms dropped 1.2 percent year-over-year in May, while the volume of imports of goods rose 2.6 percent, according to Hong Kong's Census and Statistics Department. The monthly volume of Hong Kong's re-exports of goods decreased by 1.0 percent compared with May...
Port of Ennore Wins Nissan India Deal Nissan Motor India, the Indian subsidiary of the Japanese automaker, signed an agreement with the Port of Ennore to handle its car exports from production facilities in the Chennai area. The 10-year deal calls for Nissan Motor India to ship at least 60,000 cars a year through the port in return...
Saudia Unveils Online Tool to Expedite Cargo Clearance Rapidly expanding Saudi Arabian Airlines released a new online service to improve procedures for shippers and forwarders serving its home market. Saudia Cargo, which now operates 15 freighters after adding two B747-400 freighters to its dedicated charter fleet in June, said the tool, known as OK-2-KSA, will speed approval for imports...
Chapman Freeborn unveils new look for growing OBC division World-renowned for its award-winning cargo charter services, Chapman Freeborn has announced it is to raise the profile of its specialist on board courier (OBC) division following the successful global expansion of the service last year. Cologne-headquartered Chapman Freeborn OBC - which branched out into the Asian market with the establishment of...
C.H. Robinson Names Gary York Director of Sourcing for Europe Eden Prairie, MN (July 22, 2013) - Given the demand in Europe for a global supply of fresh fruits and vegetables, C.H. Robinson Worldwide, Inc., one of the world's largest produce sourcing and logistics companies, has promoted Gary York to Director of Sourcing, Europe. In this newly created position, York will establish the overall team...
PTA Holdings, Inc. Announces Agreed Term Sheet to Acquire a Midwest Based Container Trucking Company PHOENIX, July 22, 2013 (GLOBE NEWSWIRE) -- PTA Holdings, Inc. (OTC Pink Sheets:PTAH)(www.ptaholding.com), a multi-faceted transportation group providing a broad array of traditional transportation and management services, announced today that it has entered into an agreed Term Sheet to acquire a Midwest based motor carrier specializing in Intermodal transportation. Leonard Lewensohn, C.E.O. of...
TOTE, Inc. names Matt Brynildson, SPHR, Vice President of Human Resources Princeton, NJ - July 22, 2013- TOTE, Inc. has named Matt Brynildson, SPHR, Vice President of Human Resources. Matt will be responsible for HR leadership including talent acquisition, organizational development, and performance management at the strategic level for the organization's nine operating companies in its maritime, logistics and services lines...
Canadian National's Profit Rose 13.6 Percent in Second Quarter Canadian National today reported its profit in the second quarter of 2013 was C$717 million (about US$693.6 million), rising 13.6 percent from $610.4 million in the same quarter last year. The second quarter results included an extra $12.6 million resulting from a gain from a non-monetary transaction with another railway, which...
PTA Holdings to Buy Intermodal Carrier Transportation group PTA Holdings plans to acquire a Midwestern intermodal trucking company, the company said July 22. The unnamed acquisition target provides intermodal drayage services in Chicago and Milwaukee, Wis., PTA Holdings said in a statement. The acquisition will open "new revenue streams" for PTA, said CEO Leonard Lewensohn and Vice president...
Transport Canada Asked to Review Rail Safety Rules After Lac-Mégantic Derailment The Transportation Safety Board of Canada has asked Transport Canada to review its rules regarding the securement of equipment and trains left unattended and the securement of trains carrying dangerous goods, in relation to the TSB's ongoing investigation into the Montreal, Maine & Atlantic Railway train derailment on July 6...
Sonangol snaps up two Italian owner Morfini has sold a pair of product tankers for more than it was thought to have secured for the ships late last year.
ASRY growing fast Bahrain's Arab Shipbuilding and Repair Yard (ASRY) is targeting revenue of $200m in 2013 as it expands into Saudi Arabia.
Brits grab Greek ship A Greek bulker was one of three vessels to run into trouble with British officials in June.
"Mob" storms ro-ro Libyan businessmen have reportedly stormed a Ukrainian ro-ro in a dispute over a car cargo.
Supramax for sale Singapore's United Ocean Ship Management could sell another modern bulker, according to brokers.
Solstad extends four Solstad Offshore has tied up charters for four anchor handling tug supply (AHTS) vessels in Asia.
DP appeals tax case Dubai's DP World is to contest a UK tribunal ruling that denied it £14m ($21.46m) in tax relief.
Gurnee goes for gold Anthony Gurnee's Ardmore Shipping is pressing to raise $195.5m from its US IPO.
Great Eastern adds VLGC India's Great Eastern Shipping has added an elderly very large gas carrier (VLGC) to its roster.
Brandenburg under tow Salvors have attached a tow line to Leonhardt & Blumberg's abandoned boxship Hansa Brandenburg in the Indian Ocean.
TBS torches handy US owner TBS International has scrapped one of its bulkers.
Quake shakes ferry A New Zealand ferry captain had to calm passengers after his vessel was rocked by vibrations from an earthquake.
Shikishima sheds again Japan's Shikishima Kisen has completed its fourth bulker sale in six months, brokers believe.
NYK eyes bulker sale Japan's NYK is inviting inspections for a modern kamsarmax following the sale of a sistership for more than $18m.
Aframaxes running hot Aframax rates raced up nearly 90% last week thanks to strong demand for the tankers.
Burned body found The badly burned body of an engineer has been recovered a week after a tanker was hit by a fire off Malaysia.
Milaha jumps in the first Qatar Navigation (Milaha) has posted a 30% jump in first half profit on record revenue.
Harkand buys support ship Oaktree-backed offshore newcomer Harkand is expanding its fleet with a newbuilding from Singapore's ASL Marine.
Geden tanker free Pirates have returned a Geden tanker hijacked off the coast of Gabon last weekend.
Miner help Record first half iron ore numbers from BHP Billiton and Rio Tinto have raised hopes for improved capesize earnings this year.
Costa five convicted An Italian court has convicted four crew and a shipping company executive of manslaughter over the Costa Concordia capsize, but they may avoid jail.
Blaze under control The fire on the abandoned German boxship Hansa Brandenburg is under control after salvors boarded the vessel.
Back on the block? Italy's drive to cut debt could see another attempt made to privatise shipyard group Fincantieri.
Torm trims dry fleet Torm is reportedly set to scale down its exposure to dry cargo markets and concentrate on the product tanker segment.
Seadrill fixes newbuild Seadrill has secured a short-term charter for its latest ultra-deepwater drillship newbuilding from US oil major Chevron.
Scomi ties up AHTS Scomi Energy Services has secured a charter for a 60t bollard pull anchor handler in a deal worth MYR22m ($7m).
Stolen vessels recovered A tug and a barge stolen from an Indonesian shipyard last week have been recovered by Indonesian authorities.
Sen. Rockefeller requests study of domestic oil, gas transport Rockefeller said the recent spike in domestic oil and gas production raises questions about the ability of existing infrastructure to safely transport oil, especially as volume grows.
Canadian truckers take issue with livestock fines
Fiat begins imports through Port of San Diego The shipment of 370 Fiat 500L cars was transported on NYK Line's Demeter Leader, which also unloaded Volkswagon's Porches and Audis. The cars will be trucked to dealers throughout the western United States.
Drewry says there are enough ships for Suez closure If the Suez Canal was suddenly closed, container vessel schedules between Asia and Europe could be immediately adjusted to minimize delays by simply increasing speeds to 22 knots in each direction and sailing around the Cape of Good Hope.
Geoff Giovanetti, WSSA managing director, to retire Giovanetti, who has served as a member of American Shipper magazine's editorial board, said he plans to stay active in ocean shipping, "but just not as intensely as I have up to now."
PIL ship fire contained
Sea Star to use WAM devices for reefer tracking service
Singapore: Fewer arbitrage cargoes in August Hold off selling prompt, advises trader.
Prices firm in Fujairah Sharp gains seen in Cape Town.
Industry questions Hong Kong sulphur proposals Government official responds to Bunkerworld's questions about seemingly conflicting proposals for use and sale of marine distillates.
Prices head down across northwest Europe Good avails reported in Gibraltar.
Chinese bunker sales drop away Sales fall by nearly 50% over previous month.
More ships ply Arctic route Possibility of new port floated.
Asian IFO prices broadly stable Price movements across key ports were lacking direction.
TMT secures protection for its ships Indebted shipowner can hang on to assets while it restructures.
Oman Oil eyes stake in lubricants manufacturer Acquisition expected to 'enhance the ability of OOMCO', says firm.
Interest in shipyard of Titan Petrochemicals Cooperation arrangement with interested party will provide a 'sound basis' to rebuild Titan, says spokesman.
APL on track to reduce emissions Firm's seawater scrubber found to reduce SOx emissions by as much as 99% when running on HFO.
Foss to retrofit third vessel with hybrid technology System reduces greenhouse gases, airborne particulates and pollution in all its forms.
NGO: EU CO2 monitoring proposal for vessels 'timid' It's 'business as usual' for shipping firm, says Transport & Environment spokesman.
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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