Seized BH vessels retrieved SINGAPORE shipbuilder BH Global Marine confirmed to Fairplay today authorities have taken back the two ships that were seized from its yard
Angelex to appeal reversal on bulker SHIPOWNER Angelex plans to appeal to the US Supreme Court a pollution case involving a bulker detained at the Port of Virginia, Fairplay was told today
Mercator's losses get seven times worse MUMBAI'S Mercator said today its losses in its April-June quarter were seven times worse than in the same period last year
TMT to restart ships CREW PAY has finally been received on TMT-controlled A Whale, the seafarer charity Sailors Society said today
258 held in migrant smuggling cases GREEK officials are today holding 258 people in connection with migrant smuggling case from the past week
Qatar sells first LNG cargo to Malaysia QATARGAS Operating Co said today it has sold Qatar's first LNG cargo to Malaysia
Precious profit hopes rise PHILLIP Securities Research maintained its 'accumulate' rating for Precious Shipping, as expectations rose for higher profits in 2Q13
China's net coal imports climb 15% in 1H CHINA's net coal imports rose 15% year on year to 154M in 1H13, according to the China Coal Industry Association
Order target seen within SHI's reach SAMSUNG HI is on track to achieve its new order target for this year, a sector analyst said today
Taiwan's export orders drop in June TAIWAN said its export orders declined for the fifth consecutive month in June, mainly because of weaker demand from the mainland
Palm oil sector stays weak PALM oil exports have stayed stubbornly weak, defying expectations of a cargo rush before Ramadan ends on 8 August
Shanghai Maritime Court caseload rises CHINA's Shanghai Maritime Court said today its received cases rose 30% year on year to 2,571 in 2012
VLGC rates rebound RATES to ship LPG on very large gas carriers are recovering after three weeks of decline
Panamax rates near their 3-month high AVERAGE Panamax earnings neared a three-month high of $9,321 per day at the end of last week, before edging lower to $9,304/day yesterday
PDVSA seeks VLCC VENEZUELAN oil company PDVSA is inviting tenders to take a VLCC for up to a year, brokers told Fairplay today
Portland, Ore., June TEU Growth Exceeds 20 Percent Oregon's Port of Portland reported container traffic totaled 13,934 20-foot-equivalent units in June, rising 21.5 percent year-over-year from 11,473 TEUs in June 2012, and 7.1 percent month-to-month from 13,014 TEUs in May 2013. Of the June volume, export containers totaled 7,817 TEUs, up 25.3 percent year-over-year, while import containers totaled 6,117 TEUs,...
STB Revises Relief Caps for Shippers in Smaller Rail Rate Cases The U.S. Surface Transportation Board has revised its rules regarding railroad rate reasonableness for small and medium-sized shippers' rate disputes, as part of Rate Regulation Reforms, Ex Parte 715. The board decided to remove limitations on relief for medium-sized rate disputes and increase to $4 million the relief available under small...
For-Hire Trucking Tonnage Index Edges Up The American Trucking Associations' advanced seasonally adjusted For-Hire Trucking Tonnage Index inched up 0.1 percent month-to-month to 125.9 in June, after rising 2.1 percent in May. Compared to June 2012, the index grew 5.9 percent, which is considered robust, although the gain was below the 6.5 percent year-over-year growthin May. Year-to-date,...
Interactive: How Many Hours in a '34-Hour' Restart? How many hours are there in a "34-hour" restart? This isn't a trick question. For truck drivers, planning a work week just got much harder. Before July 1, drivers could end their week, spend 34 hours off duty and start a new week. Under regulations that took effect July 1, however,...
UPS Orders 1,821 Fire-Resistant Shipping Containers UPS has placed an order for 1,821 fire-resistant shipping containers. Delivery of these new containers will begin this September and is slated for completion by early 2014. The containers are built with new panel material, MACROLite, a fiber-reinforced plastic composite similar to the material used in ballistic body armor. Burn testing conducted...
10+2 = Big Fines On July 9, U.S. Customs and Border Protection began formal enforcement of the Importer Security Filing and Additional Carrier Requirements rule, or ISF, for overseas ocean containers destined for U.S. ports of entry. If this affects your international supply chain, you've undoubtedly been bombarded with industry alerts, announcements, invitations for...
Legislation Would Hike Insurance Minimum for Motor Carriers U.S. Rep. Matt Cartwright, D-Pa., has introduced the Safe and Fair Environment on Highways Achieved Through Underwriting Levels Act, also known as "A SAFE HAUL," which would raise the required insurance minimum for motor carriers. H.R. 2730 would increase the required insurance minimum for motor carriers from $750,000 to $4,422,000. The...
Airlines for America: Cargo Yield Dropped in June Airlines for America reported yield in June for domestic cargo was $71.10 per revenue ton mile, dropping 9.9 percent year-over-year. Yield for international cargo was $34.40 per revenue ton mile, sliding 8.1 percent. Domestic cargo yield year-to-date was $75.00 per revenue ton mile, increasing 2.7 percent compared to the same period...
Rockefeller Calls for Study on Oil, Gas Transportation U.S. Sen. Jay Rockefeller, D-W.Va., chairman of the Senate Commerce Committee, has asked the General Accountability Office to examine the impact of shale oil and gas development on pipelines, rail and other transportation infrastructure and safety, following the train disaster in Lac Mégantic, Quebec, Platts reports. "The recent derailment of a...
Ohio Governor Proposes $3 Billion Infrastructure Investment Ohio's Gov. John R. Kasich has unveiled a plan to invest $3 billion in infrastructure over the next several years to improve the state's transportation system. The plan will allow the state to eliminate decades-long delays on 41 new construction projects, some of which are now slated to begin as early...
Optimum Inventory: More Than a Theory Richard Dean doesn't like to talk about supply chains. He prefers supply chain network, community or ecosystem. "The world does not work like a chain. It works like a community," said Dean, chief marketing officer at cloud-based software vendor One Network. "The chain metaphor suggests sequential links. In a community, the...
Estes Express Takes Low General Rate Hike New technology helped Estes Express Lines improve productivity and keep its general rate increase to 3.7 percent this year, the company said. Estes, the largest privately owned less-than-truckload carrier, raised its tariff rates 3.7 percent on average July 8, a much lower increase than the 5.9 percent GRI at many competitors. In...
CTS: Australasia's Exports Down Containerized export volume from Australasia/Oceania to most reported regions experienced significant declines in May 2013, according to data from Container Trades Statistics Ltd. Exports to Far East Asia, however, jumped 10.6 percent. Australasia/Oceania to Far East Asia Australasia/Oceania exported 169,300 20-foot-equivalent units to Far East Asia in May, 4.7 percent more than in...
Industry Disagrees on TWIC's Role at Ports Eleven years after Congress required biometric passes for maritime workers, the Transportation Worker Identification Credential is inching forward. But there's still no industry consensus on how TWIC should work, where it should be required or even whether it's needed. That's evident from the latest round of public comments to the Coast...
For TWIC, SSA's 'Beast Box' Delivers One criticism of the Transportation Worker Identification Credential is that TWIC biometric readers can't withstand a harsh seaport environment. Curt Campbell disagrees. "We have built a system that actually works," said Campbell, director of maritime safety and security at SSA Marine. The terminal operator's "Beast Box" has been used for...
Slideshow: 15 Stories That Defined the Second Quarter As the first quarter drew to a close, 2013 was shaping up as a year of paradoxes. Wall Street was going gangbusters, but the fiscal cliff was holding back economic growth. Container shipping rates in the main east-west trades rose through much of the first three months of the year,...
Federal Highway Fund in Dire Straits, Congress Told WASHINGTON - The Highway Trust Fund is dangerously close to insolvency, leaving Congress with three options on how to prevent the main driver of federal surface infrastructure funding from reaching a shortfall, a budget analyst told Congress on Tuesday morning. Congress could cut highway and mass transit spending by a quarter...
Microsoft, Blue Horseshoe Reach Collaboration Pact Blue Horseshoe has entered into a collaboration agreement with Microsoft that includes the acquisition of Blue Horseshoe's Warehousing for AX and Transportation for AX solutions. The enterprise resource planning and supply chain management company's technology will help Microsoft accelerate its Microsoft Dynamics AX supply chain management roadmap, including its plans to...
EU, Georgia Conclude Talks for Free Trade Area The European Union and Georgia have successfully concluded negotiations for a deep and comprehensive free trade area, which aims to strengthen to strengthen the export and investment performance of Georgia and facilitate its integration with the EU economy. The DCFTA, negotiated in 17 months and seven rounds, will give Georgia better...
NY-NJ Port Battles 7th Week of Truck, Cargo Delays The Port of New York and New Jersey is battling its seventh consecutive week of cargo delays and long truck lines that began last month with computer problems at Maher Terminals and have spread to other terminals. Maher, the port's largest terminal, has subcontracted vessel calls to other terminals while it...
Ocean Rig's big fix DryShips' Ocean Rig spin-off has won a $1.3bn contract award for a newbuilding ultra-deepwater drillship.
Max to the rescue An offshore supply vessel has taken all 44 crew of a jack-up rig to safety after the drilling unit suffered a blowout in US waters of the Gulf of Mexico.
Lay-offs to go on Shipbuilder Fincantieri plans to continue with temporary lay-offs at its underused Italian yards despite seeing a stronger start to the year.
Tanker grounds in Russia No pollution has been reported from a tanker that ran aground on Tuesday in Russia.
China gets busy Shipowners have been tipped to keep surveyors on permanent stand-by in China as the number of bulker sales inspections jumps.
KNOT begins payouts KNOT Offshore Partners has handed out its first dividend since listing in New York earlier this year.
HOS price turns heads Hornbeck Offshore looks to be netting a bumper price for its tug and tank barge division thanks to its disposal in a red hot market.
Seanergy gains $21m Victor Restis-controlled Seanergy Maritime Holdings has revealed a profit of $21m from the hand-over of three bulkers to one of its lenders.
Antwerp banks LNG cash The port of Antwerp has clinched an undisclosed subsidy to build its new LNG bunkering station.
Orders scare Oldendorff Big spending shipowner Henning Oldendorff has sounded the alarm about the new wave of dry-cargo newbuilding orders.
Three more for Nam Cheong Malaysian offshore vessel builder Nam Cheong is on track to obliterate last year's record of vessel sales after racking up deals for three more units.
TMT crew win wages The crew on TMT's stranded A Whale have finally been paid and will be repatriated from Egypt.
LPG orders boom Orders for LPG newbuildings have more than doubled this year in capacity terms, a new report shows.
Longer run for NOCC Norwegian Car Carriers has secured a longer contract for one of its vessels.
Negmar launches new line Turkish owner Negmar has launched a new domestic ferry service from Istanbul.
UN tags Facebook Facebook has received a public poke from the United Nations for its silence relating to Somali Piracy, it is claimed.
STX Engine wins cash Korean ship propulsion company STX Engine is set for a big cash injection from creditors.
Restis arrested Greek shipowner Victor Restis has been arrested in connection with charges of embezzlement and money laundering.
Smaller but better Analysts have dismissed fears surrounding a decline in revenue at Overseas Orient Container Line.
Bulker hit by fire Firefighters in Jordan are close to extinguishing a blaze that hit a Norwegian bulker on Tuesday.
Cosco to plug gap China Cosco Holdings will find a $400m plug to battle back to profit this year and preserve its listing on the Shanghai Stock Exchange, a leading analyst predicts.
Boskalis seals funds Royal Boskalis Westminster has tapped US bond investors to help repay some of the debt used to acquire Dockwise.
Cosco orders four at Nacks Cosco Shipping has ordered four multipurpose vessels at Nantong Cosco KHI Ship Engineering (Nacks).
Lisin selling? Russian tycoon Vladimir Lisin has been linked to a sale of 30% of his Volgo-Balt Transport Holding (VBTH) company.
Susitna still around Two offers have been lodged for an unwanted $80m Alaskan ferry that could never dock in Anchorage.
Tianjin restructuring Chinese container line Tianjin Marine is to restructure its assets in cooperation with parent Grand China Logistics (GCL).
GulfMark results mixed GulfMark Offshore has made a further improvement in its results for 2013, but the latest figures are lower than those of last year.
Daewoo exiting dry Daewoo Shipbuilding & Marine Engineering (DSME) looks to be ending its latest brief flirtation with bulker ownership.
SBM wins Shell FPSO SBM Offshore has won a $1bn contract to supply and FPSO to Shell Offshore for deployment in the Gulf of Mexico.
HOS selling off tugs Hornbeck Offshore Services is selling its downstream assets as it looks to concentrate on the offshore market.
Port of Oakland says deal will create mega terminal A litigation settlement with SSA Terminals, approved last week by the Port of Oakland board of commissioners, will combine three terminals in the port and create the third largest terminal on the U.S. West Coast.
UPS profit in second quarter off 4%
Maersk announces September GRI for eastbound transpacific
Werner facing competition for drivers Although the company increased its hiring rate from the same period last year, Werner said it is having difficulty hitting its 7,300-driver target for the truckload sector.
Oracle releases outsource visibility app for discrete manufacturers
ICAO opens ATM facility in Beijing
Canadian National sees rail revenue rise in 2Q Revenues rose by 5 percent, year over year, to CAN$2.67 billion thanks to a two-percent rise in carloadings and a five-percent increase in revenue-ton miles. The operating ratio rose by 0.4 points to 60.9 percent.
C.H. Robinson names York director of sourcing in Europe In the newly created position, York will be tasked with establishing the resources to further develop and expand sourcing in Europe for C.H. Robinson.
2013 Midyear Review & Outlook for the U.S. Transportation Market American Shipper's research director, Eric Johnson, will host an interactive discussion with David Ross, managing director of global transportation and logistics for Stifel. Ross' presentation will cover the key trends driving the domestic transportation market in 2013 and look ahead at the challenges and opportunities in the balance of the year.
Prices lose direction in Fujairah MGO prices in Suez drop by over $20 per tonne.
Rotterdam Q1 bunker sales down 8.1% Sales were lower than in any quarter last year, when the port's overall marine fuel sales shrank by 10.6%.
Prices fall across Europe But decreases stick to single digits.
Voluntary fuel switch schemes falling out of favour Preference for mandatory measures, as 'no shipper will pay a dime extra' for improved environmental performance.
Physical supply gets boost in northwest Spain Bunker player aiming for international shipping traffic.
Reports: BOSTCO to start Houston operations in October Terminal to offer a storage capacity of 2.84 million barrels of residual fuel oil and feedstock.
Singapore is 'buyer's market' Oversupply depressing bunker prices, traders say.
Asian bunker prices remain flat Average to very good demand reported in Singapore.
Change your propeller and use less fuel, says MAN Diesel Engine maker charts rising interest in its engine derating study.
Conference to focus on LNG-fuelled vessel development in China Government drafting first state policy to support LNG-fuelled shipping.
Port efficiency database holds out promise of fuel savings Owner claims it can help vessels reduce fuel costs through better planning.
Mexican operator signs for fuel-efficient support vessels The Damen FCS 5009 are the ninth and tenth orders from Naviera Integral.
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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