ITF slams box weighing 'compromise' THE ITF today accused the IMO of missing a chance to reduce safety risks by failing to vote for mandatory weighing of all boxes before loading
Drybulk share sales accelerate TAKING advantage of the run-up in drybulk stock values, both Navios Partners and Baltic Trading have priced follow-on offerings
Vitol locks in LR2 tankers SWISS commodity trader Vitol has booked two LR2 product tankers for six months at $16,250 per day
SCI-owned VLCC arrested A VLCC owned by government-run Shipping Corporation of India has been arrested in Singapore
Unifeeder takes over UFS, eyes Med market UNIFEEDER, the European container feeder operator, has unveiled a major acquisition in its push for the Mediterranean market share
MHI, KHI said to be negotiating two VLGCs MITSUBISHI HI and Kawasaki HI are reportedly discussing a scheme under which each would build a VLGC for compatriot LPG importer Astomos Energy, brokers told Fairplay today
Nordic discloses offer NORDIC Shipholding, the Copenhagen-listed owner of six product tankers, said today it has received an investment offer from outside Denmark
Capesize surge rubs off on Panamaxes A SPOT RATE surge for Capesize bulkers is finally rubbing off on Panamax rates, with some charterers splitting Capesize stems into two Panamaxes to save costs
BDI rise turns analysts bullish on Yangzijiang SHARES in Singapore-listed Chinese shipbuilder Yangzijiang are today being put on offer, as analysts see the Baltic Dry Index's rally to spur bulker orders
Ocean Carrier Rate Revision Roundup for Sept. 20 Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in September and October. North America-Europe Effective Oct. 1, Hapag-Lloyd is planning to boost rates between North America and Europe. From Canada, the U.S. and Mexico to North Europe and the Mediterranean,...
Strike Hits Wheeling & Lake Erie Railway More than 100 members of the Brotherhood of Locomotive Engineers and Trainmen today struck the Wheeling & Lake Erie Railway. Picket lines were posted at seven primary WLE terminals, including Akron, Brewster, Canton, Carey, Hartland and Mingo Junction, Ohio, and Carnegie, Pa., shutting down the entire railroad's operation. "We were forced to...
Norfolk Southern Names Stewart Executive Vice President, CFO Marta R. Stewart will succeed John P. Rathbone as executive vice president and chief financial officer for Norfolk Southern Corp., effective Nov. 1. She will report to NS President James A. Squires. Rathbone is retiring after a 32-year career in the finance and administrative divisions of the company that began with...
Nagoya's Container Trade Edges Up The number of foreign trade containers handled by the Port of Nagoya in central Japan edged up 0.8 percent in the first half of this year from a year earlier to 1.226 million 20-foot equivalent units, according to preliminary figures released by the Nagoya municipal government. The Port of Nagoya is...
Currency Overvaluation Hits China's Competitiveness China's exporters could face even more intense pressure from rivals in Asia if the renminbi continues to strengthen, according to one analyst. While currencies in Asia such as the rupee, yen and rupiah have depreciated in recent months, the renminbi has remained steadfast and could further appreciate, reducing the competiveness of...
Japanese Exports to US Surge Japan's exports to the United States rose for the eighth straight month in August on a year-on-year basis, surging 20.6 percent to 1.069 trillion yen ($10.8 billion), according to preliminary figures released by the Finance Ministry on Sept. 19. The August jump in U.S.-bound shipments was led by autos, auto parts...
OSCAR: FEU Availability Doubles in Kansas City Ocean Shipping Container Availability Report, Sept. 18 Full-size image There were 294 40-foot containers available to handle U.S. exports in Kansas City in the week of Sept. 18, more than double the 138 FEUs available at this inland location last week, according to the U.S. Department of Agriculture's weekly Ocean Shipping Container...
SCFI: Shanghai-to-US Spot Rates Edge Down Shanghai Containerized Freight Index, U.S. West Coast, week ending Sept. 20, 2013 Full-size image Spot container rates to the U.S. East and West Coasts measured by the Shanghai Containerized Freight Index fell slightly in the week ending Sept. 20. This marks the second straight week of declines in both lanes. The spot...
SCFI: Shanghai-Mediterranean Spot Container Rates Fall Below $1,000 Shanghai Containerized Freight Index, Mediterranean, week ending Sept. 20, 2013 Full-size image Spot container rates from Asia to Mediterranean ports measured by the Shanghai Containerized Freight Index eroded by $62 per 20-foot-equivalent unit during the week ending Sept. 20. Rates fell below the $1,000-per-TEU mark for the first time since the end...
Match-Back Key to Growth in US Containerized Agricultural Exports Farmers, railroad and shipping executives agree that if together they can find a way to efficiently ship grain from the rural interior to seaports, the export of containerized grain products would know no limits. The problem, according to Ed Zaninelli, vice president of trans-Pacific westbound at OOCL, is that containers carrying...
Port Corpus Christi Announces Support of 2013 Eagle Ford Shale Fall Conference ORPUS CHRISTI, TX - Friday, September 20, 2013, Port Corpus Christi will be joined by members of the Eagle Ford Shale Consortium to announce their support of the 2013 Eagle Ford Shale Fall Conference - Where The South Texas Energy Triangle Meets The World. The conference invites all stakeholders to...
Roadrunner Acquires YES Trans Roadrunner Transportation Systems has acquired substantially all of the assets of YES Trans, a refrigerated truckload service provider based in Salisbury, Mass. YES Trans primarily transports meat and produce between the Northeast and the Midwest and Southeast. The purchase price was approximately $1.2 million, net of cash acquired, plus an earn-out...
IMO Approves Compromise Proposal for Weighing Containers The International Maritime Organization today backed a compromise proposal for verifying the weight of containers before they are loaded on board ships. An IMO subcommittee approved draft guidelines allowing shippers two methods to verify the weight of a container as part of the London-based organization's program to improve safety at sea....
IBIA Supports UK Call for IMO's Low-Sulphur Fuel Availability Study The International Bunker Industry Association has welcomed the U.K. government's call for the International Maritime Organization to expedite the release of its study on the availability of 0.50 percent sulphur fuel. "Our members need clarity and the sooner that the availability study is undertaken, the better," said Peter Hall, IBIA's chief...
CN's business agenda supports growth of Halifax gateway, says president and chief executive officer Claude Mongeau HALIFAX, Sept. 19, 2013 /CNW Telbec/ - Claude Mongeau, president and chief executive officer of CN (TSX: CNR) (NYSE: CNI), said today CN's supply chain collaboration agenda and commitment to Operational and Service Excellence can support growth at the Port of Halifax and make the railway's and port's common customers...
DHL Appoints New CEO for Indian Operations DHL Global Forwarding, the air and ocean freight subsidiary of DHL, has appointed Samar Nath as its new chief executive officer and country manager for India. "At the epicenter of the rapidly growing Asia-Pacific region, India is of strategic importance to DHL's global forwarding operations," said Kelvin Leung, CEO of DHL...
Luminaries lock horns It appears that most market forecasters are confident the US tanker sector will prosper for the next few years but a handful remain unconvinced.
Jaenichen charts Jones Act jungle Shale oil stole the spotlight yet again this week as the leaders of the US maritime cluster flocked to the first ever TradeWinds Jones Act Shipping Forum in Manhattan where delegates were invited to take a closer look at the trends that are shaping the industry.
Two more catch wave Chinese titan Cosco and Transmed Shipping of Greece are the latest owners to lock capesize bulkers into period contracts in a rising market.
Seadrill chases $500m John Fredriksen's Seadrill has announced plans to raise $500m from a bond sale.
Denholm plans dry order Shipowner J & J Denholm is planning its first newbuilding order in a decade as it looks to set its cash wealth to work in a rising dry-cargo market, its chairman says.
The blue report A Clarksons staffer could soon be opening an email from a superior with the header See you (in my office) next Tuesday.
New plan for Humpuss? Indonesia's Humpuss Intermoda Transportasi (HIT) wants to ditch at least part of the debt-for-equity swap agreed with creditors as it looks at new ways of restructuring borrowings.
Baltic eyes up to $64m Baltic Trading has fleshed out the details of an upcoming public share offering.
FSL risk chief quits The chief risk officer of Singapore's First Ship Lease (FSL) has resigned four days after the company's latest charter trouble emerged.
Concordia to spark cap A move to limit wreck removal insurance cover to $1bn is gaining support in the market after the costly righting of the Costa Concordia this week.
Three hurt in fire Three workers have been injured after a blaze broke out on a semi-submersible rig at a shipyard in Rotterdam.
Denholm on the lookout UK shipowner J & J Denholm has growth in its sights after a sharp rise in profit during 2012.
Nordic claims Arctic first Nordic Bulk Carriers of Denmark is claiming a first for an Arctic transit from Canada to Finland.
SCI VLCC arrested A VLCC owned by Shipping Corporation of India (SCI) has been arrested in Singapore, according to records from the sheriff of the Singapore Supreme Court.
Siem denies sale Norway's Siem Offshore has denied suggestions it has offloaded one of its newbuildings to a Chinese owner before it has even hit the water.
Petronas in $1.7bn spree TradeWinds digests the digits making the headlines this week.
Worried about whales? The ongoing problem of whales getting whacked by cargoships off the US could be about to have a very modern solution.
Unifeeder invades the Med Shortsea operator Unifeeder is continuing on the expansion trail with the acquisition of Cyprus-based United Feeder Services (UFS).
Ro-ro lines courted Thanet Council in the UK is seeking a new ro-ro operator to restore a service from Ramsgate to Ostend.
Chinese spur for Taiwan Taiwanese bulker owners are set to benefit from the restocking of Chinese steel mills with iron ore, according to Yuanta Securities.
ICAP out of capes ICAP has ended its fleeting relationship with the capesize market just as rates in the sector have taken off.
Angra Star in trouble An abandoned general cargoship has partially sunk in Guanabara Bay, Brazil.
ABG settles claim India's ABG Shipyard has avoided a potential winding-up order by agreeing to pay a debenture bill to Tata Capital.
Hello, I speak Chinese We take a look at what was said in the market over the past week.
Alam ties up AHTS Malaysia's Alam Maritim Resources has secured employment for one of its anchor handlers, it has disclosed.
TMT wins ship back Embattled Taiwanese owner TMT has won another battle with a US court ordering another of its ships to be released from arrest.
Gulf to discuss arrest Directors of Gulf Navigation are set to meet on Friday in a bid to get a VLCC arrested in Rotterdam released.
Dry duo to issue stock The recent spike in share prices on the back of rising freight rates has tempted two US-listed bulk owners into issuing new stock.
Gunvor seals funds Gunvor has closed a $675m long-term secured facility to finance its Ust Luga Oil Products Terminal in Russia.
House committee passes WRRDA bill, Army Corps criticized One week after the T&I Committee presented a reauthorization bill for the Water Resources Development Act, the committee quickly made amendments and voted to send it to the full House for consideration.
Liners praise IMO action on container weights Draft amendments to require mandatory verification of gross weight of containers under the SOLAS convention were agreed to on Friday by the IMO's Subcommittee on Dangerous Goods, Solid Cargoes and Containers.
Pasha to develop ro/ro terminal at Port Manatee Company and port authority officials noted the Florida port is closest to Mexico's fast-growing vehicle manufacturing areas served by the ports of Veracruz and Altamira and offers the quickest transit times to the U.S. market.
Maersk completes sale of Bridge Terminal Transport
CP to shut down Calgary maintenance facility
New members named to President's Export Council The council is the principal national advisory committee on international trade, and advises the president on government policies and programs related to U.S. trade and export promotion, including the National Export Initiative.
DSV expands Everyday service
Illinois sees boost to exports from ADM terminal
UASC to use GT Nexus for e-commerce applications
Ex-Im Bank loans support solar exports
FIATA: Logistics plays key role in sustainable development
Weekly global market report A weekly price round up from bunkering hubs around the world.
Fuel prices in the Americas end week on low note Demand and avails were said to be good in Houston on Friday.
Malaysian officials bust national diesel smuggling ring Ring involved selling subsidised diesel to 'vessels plying international waters'.
Spike in ARA fuel oil stocks Players expect stock build to be temporary.
Prices soften in Fujairah IFO prices rising in South Africa.
Prices in Rotterdam end week on soft note Prices firming the Mediterranean.
Confidence levels 'steady' among shipping industry players But there are fears of the impact of higher fuel costs as new environmental regulations come into force.
Price is right for LNG bunker fuel Conference hears how economics are leaning to LNG.
Chinese port to encourage LNG bunkering Push is part of an effort to tackle air pollution.
Ship arrest in Singapore Shipping Corporation of India tanker held by maritime authorities.
Fujairah terminal prepares for 'phase three expansion' Phase two has been completed 'ahead of schedule'.
Consortium eyes LNG bunkers US companies to include marine use in LNG development plans.
Asian bunker prices show little movement Offices in Hong Kong and Busan closed for a public holiday.
Chinese fuel oil imports to fall in September Singapore to provide largest share of fuel oil imports.
US judge rejects Alaska suit against ECA Judicial review would demonstrate a 'lack of respect' for US government's international arrangements.
LNG bunkering likely to focus on ship-to-ship operations 'We expect that the STS bunkering industry will be the first mover', says senior official with classification society.
Aegean Shipping gains certification for standards Firm has been certified with four ISO standards by Lloyd's Register Quality Assurance.
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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