Standard and Britannia unveil very different general increases The first two clubs reveal how much premiums will rise at 2014 renewal
European MPs to hear expert port opinion on Brussels' market access proposals European Commission's proposed legislation omits port labour, cargo handling and passenger services
India bars charity from visiting Seaman Guard Ohio detainees Crew need support whether they are held legitimately or not, says Mission to Seafarers
Advanfort demands release of Seaman Guard Ohio personnel Security firm claims arrest in India is unlawful and criminalises seafarers
FMC's P3 global summit proposal wins shipper support UPDATE: Regulators in Europe and China invited to Washington meeting
Competition intensifies in Middle East Gulf VLCC spot market Glut of vessels means rates will manage only small rises
Antwerp taskforce fights cyber-crimes Team will defend the port against hackers
Hafnia Tankers confirms 27-ship fleet after $235m private placement Orderbook includes eight Chinese medium range tankers
P3 capacity will be largely unchanged on transpacific and Asia-Europe Alphaliner says Port Klang and Rotterdam will loser from likely service changes
Revised box packing code due in 2015 Up to a third of all containers are wrongly filled or loaded
Shipowners hail Brussels compromise on ship recycling Europe-flagged tonnage can be scrapped in Asian yards that are up to scratch
American Shipping Company reaps profit from Jones Act product trade Third-quarter profit of $1.2m compares with loss of $13.1m last year
American Petroleum Tankers files for IPO Proceeds will be used to repay debt
Nordea sees recovery from 2014 Vessel values are also strengthening, says Kjelsrud
Eletson and Blackstone launch LPG venture Company will operate six existing ships and up to 10 ethylene carrier newbuildings
Kexim provides $113m financing to Sinokor's Shell charter project Owner can determine portions of loans and bond guarantees in innovative deal
Yard fends off US suit ALLEGATIONS that US builder Bollinger Shipyards purposely misled the US government have been thrown out in federal court
Hafnia raises $235M HAFNIA Tankers of Denmark said today it had completed a private placement of shares that raised $235M
Iranian tanker return could be 'catastrophic' IF SANCTIONS against Iran are lifted, that could have a "catastrophic impact" on the international crude tanker market, a London shipbroker has warned
Shipowner caution seen on spending for IT SHIPPING'S lingering downturn is making shipowners take a pragmatic and cautious approach to investments for communication technologies aboard vessels, INMARSAT Maritime president Frank Coles has told Fairplay
Rongshen's losses total 1.3Bn yuan HONG KONG-listed China Rongsheng HI (Rongsheng) recorded losses of 1.3Bn yuan ($216M) in the first three quarters of 2013, down by 612% from profits of 25.7M yuan in 2012, its fiscal report has stated
Imports to China for demolition drop CHINESE shipbreakers today reported a 31% drop year on year in the first nine months of 2013 in imported breaking tonnage
HSH braced for clear-out LEADING German ship financier HSH Nordbank is bracing for a surge in repossessions and ownership transfers of distressed ships in 2014/15
Sevan refinances debt SEVAN Drilling said today it had taken delivery of its third cylindrical unit from a Chinese builder and had refinanced loans
Nordea sees upswing for shipping credit CREDIT conditions for shipping are gradually recovering parallel to better credit quality in the industry, but problems remain, a Scandinavian banking group warned today
BHP's iron ore production rises 23% BHP BILLITON said today its iron ore production had risen 23% year-on-year in 3Q13
Hubline eyes re-entry to offshore sector MALAYSIAN shipowner Hubline Berhad is reportedly in talks to charter out offshore supply vessels (OSVs) after most of its losing assets were written off
Orders reflect market shift REBOUNDING ship orders and newbuilding prices reflect a fundamental change in the market, said a sector analyst today
Vantage's drillship order transferred VANTAGE Drilling's drillship order, which was cancelled by STX Offshore & Shipbuilding, has been transferred to Daewoo Shipbuilding & Marine Engineering, an STX O&S executive told Fairplay during the Kormarine trade show in Busan this week
Drybulk overhang lingers THE RECENT upswing in the Baltic Dry Index that saw Capesize rates hitting $40,000 is likely to be a fluke, said a sector analyst today
House, Senate Head to Conference Over Water Resources Bill WASHINGTON - The Senate and House are set to conference on a long-delayed water resources bill authorizing port and inland waterway projects after the lower chamber approved its version tonight 417-3. "This is how we ought to work," said Rep. Steny Hoyer, D-Md., on the bipartisan approach the bill took with the...
Panalpina to Pay $35 Million to Settle Price-Fixing Lawsuit Panalpina has agreed to pay $35 million as part of a preliminary agreement to settle a U.S. class action lawsuit alleging anticompetitive industry practices regarding certain freight surcharges. The amount from Panalpina includes previously received proceeds of $5.8 million, in an unrelated class action against various airlines. The settlement is subject...
JOC Trucking Employment Index Ekes Out Gain JOC For-Hire Trucking Employment Index Full-size image Trucking made very slight employment gains in September, pushing the Journal of Commerce For-Hire Trucking Employment Index back up to 95.7, its same reading as in May, from 95.6. The increase follows a flat month for the index in August. The index's oscillation over the past few...
Four Industry Giants Tout Success of Match-Back Model It sounds elementary: An exporter in an interior location needs empty containers. Importers in the same region unload containers every day and ship them back empty to a seaport. Why not truck the empty boxes a short distance to the exporter's facility, load them with freight and ship the containers...
Wanted: Equipment to Ship Bumper Grain Crop U.S. farmers expect to harvest bumper corn and wheat crops this year, which should more than reverse the shortfall caused by last year's drought. The forecast already is lowering commodity futures prices and could give U.S. exports a price advantage over global competitors. At the same time, world demand for...
Hearings to Focus on NY-NJ Longshore Hiring The Waterfront Commission of New York Harbor has scheduled a series of public hearings to highlight what commission official contend are discriminatory hiring practices for longshore workers in the Port of New York and New Jersey. The commission resolution authorizing the public hearings said they are being held "to determine the...
Inland Distribution Conference 2014 Our 2013 Inland Distribution Conference was a rousing success with 360 shippers, rail, trucking, and other intermodal and transportation providers attending. Returning to Kansas City again in 2014, this event promises to be a must attend, highlighting the latest cost saving strategies, best practices, forecasts and trends in the intermodal...
Canadian Pacific's Profit, Revenue Soar Canadian Pacific reported its net income in the third quarter of 2013 was C$324 million (about US$312 million), jumping 48 percent year-over-year. Quarterly revenue for the Class I railroad was a record C$1.5 billion, up 6 percent from the same period last year. Its operating ratio was 65.9 percent, an 820...
Phil Byrd Elected 69th Chairman of American Trucking Associations Orlando, Fla. - Today, the Board of Directors of American Trucking Associations elected Phil Byrd, president of Bulldog Hiway Express, Charleston, S.C., as the federation's 69th chairman. "I am deeply humbled that my fellow ATA members would grant me the tremendous honor of representing them, and our industry, as chairman," Byrd said. "I...
ATA Announces Changes to National Truck Driving Championships Orlando, Fla. - Today, the American Trucking Associations announced its Board of Directors voted to make the National Truck Driving Championships more inclusive by allowing non-ATA members of state trucking associations to compete in the annual safety competition. "We've long billed this event as the 'Super Bowl of Safety,' so it is...
YRC Worldwide Companies YRC Freight, Holland, Reddaway and New Penn Receive U.S. EPA SmartWay Excellence Award OVERLAND PARK, Kan., Oct. 22, 2013 (GLOBE NEWSWIRE) -- YRC WorldwideInc. (Nasdaq:YRCW) today announced that YRC Worldwide companies YRCFreight, Holland, Reddaway and New Penn were honored with a 2013 U.S.Environmental Protection Agency (EPA) SmartWay Excellence Award at theCouncil of Supply Chain Management Professionals annual meeting inDenver. Excellence Awardees are selected...
DGX Boosts Middle East Service Offering RANCHO DOMINGUEZ, CA--(Marketwired - Oct 22, 2013) - Dependable Global Express, Inc. (DGX), a global ocean freight forwarder, announces today the appointment of Lily Sagherian as its Business Development Manager for DGX's new Middle East Trade Lane service. Ms. Sagherian is fluent in 4 languages including Arabic and Armenian, and has...
Navis N4 Technology Powers the Next Generation of Optimization in Terminals Globally OAKLAND, Calif.--(BUSINESS WIRE)--Navis, the global technology standard for managing the movement of cargo through terminals, today marks the 25th anniversary of its terminal operating system (TOS) amidst a surge of container terminal projects around the world whether they are automated, semi-automated or manual. Due to the continued strength and reliability...
Norfolk Southern Posts 'Strong' Quarterly Results Norfolk Southern reported its net income in the third quarter of 2013 was $482 million, increasing 20 percent year-over-year from $402 million. "Norfolk Southern delivered strong results, led by growth in our chemicals, metals/construction, intermodal and automotive businesses, combined with ongoing productivity improvements," said Charles W. "Wick" Moorman, CEO of the...
TNT Aims for Asia Rebound TNT is determined to claw back ground lost in Asia during the protracted negotiations of its sale to UPS. TNT Express saw global revenues decline in the second quarter in the face of strong economic headwinds and the fallout from UPS's withdrawal of its $6.8 billion bid for the company in...
Navig8 hits jackpot Navig8 Products Tankers has raised $150m from another private placement aimed at Norwegian investors.
Calling all co-managers If you're among the many investment bankers who are racing to hang another tombstone on your wall before year-end you may be in luck.
APT sounds alarm US tanker owners appear to be growing increasingly anxious about the future of cash-strapped domestic yard that could alter the course of the cabotage trade if it re-enters the commercial shipbuilding arena.
EOC back in black EOC has revealed a turnaround in fortunes after repositioning itself within the Malaysian offshore market.
Pyxis in play A Greek product tanker owner backed by industry veteran Eddie Valentis appears to be in the early stages of a campaign to court investors.
Tas profit jumps Malaysian offshore vessel builder Tas Offshore has seen earnings more than triple as demand for its vessels continues to thrive.
Grangemouth to close Tankers loadings in Scotland will take a hit as refiner Ineos confirmed its Grangemouth petrochemicals plant is to close.
Who guards the guards? Estonian ferry owner Vjatseslav Leedo is plotting to send an idle ship into the Indian Ocean as a base for anti-piracy security forces.
Hafnia hits $235m target Hafnia Tankers has raised $235m from a private placement in Oslo.
SSE: more turmoil ahead The head of the Shanghai Shipping Exchange (SSE) has warned that Chinese shipping will be hit by state moves to limit manufacturing over-capacity.
Duo form gas giant Greek owner Eletson has teamed up with US financial heavyweight Blackstone to form a $700m LPG shipping company.
Goundar expanding South Seas operator Goundar Shipping Services plans to extend its ro-pax offering with more ships.
Havila hits new high Havila Shipping may soon be shelling out dividends after logging a record third quarter profit.
GulfMark hails Q3 result US owner GulfMark Offshore has posted its best quarterly profit for four years as day rates increased.
AMSC back in profit American Shipping Company has seen its third quarter bottom line shift back above zero amid a reassurance to investors that Overseas Shipholding Group (OSG) continues to make charter payments on time.
Olsen FPSOs stronger FPSO group Fred Olsen Production (FOP) has posted better results in the first nine months of 2013 ahead of its takeover by Malaysia's Yinson.
Nordea loan losses down Sweden-based lender Nordea has cut loan losses in the third quarter as profit increased.
HMM soars on good news Shares in Hyundai Merchant Marine leapt today after the struggling company completed a refinancing.
The clock is ticking... Time is running out to submit entries to the 2013 TradeWinds Maritime Photographer of the Year Competition.
BC tests bond market Canada's BC Ferries is refinancing an earlier bond issue with a new debt sale.
P3 impact downplayed Westports, the newly listed Malaysian port operator, has played down talk of any potential impact from the new P3 Alliance.
CSG goes short again China Shipping Group (CSG) has lined up a short-term debt sale worth CNY 2bn ($328.65m).
Bimco targets bunkers Bimco is set to develop an industry-acceptable standard set of terms and conditions for the purchase of marine fuels.
Newbuilds hurting SCI Shipping Corp of India's (SCI) new ships are contributing to ongoing losses, according to managing director BK Mandal.
Kamath joins BW LPG Vijay Kamath has wasted little time securing new employment joining BW LPG as its new chief financial officer.
FMC calls P3 summit The US Federal Maritime Commission (FMC) has called for a global summit with regulators from Europe and China into the P3 Alliance.
China steel output jumps China has seen an 11% year-on-year increase in steel production figures from the World Steel Association (WSA) show.
APT readies IPO A US product tanker owner backed by some of the biggest names in private equity is getting ready to pursue an initial public offering (IPO) in New York.
Great Lakes U.S-flag vessel coal moves fall 13% in September
FMC's Cordero says he has open mind about P3
Transplace expands shipper program for truck co-loading The TransMatch program "is mature enough to promote as a stand-alone service," Transplace's Brent Hudspeth said. Consumer product and grocery manufacturers like Clorox and Del Monte Foods use the service.
Truck thefts increase 15% from second quarter
SeaIntel says P3 will have advantages over competition If the P3 Network is approved by antitrust authorities, its members - Maersk, MSC and CMA - will have "two large competitive advantages over their closest competitors," said SeaIntel Maritime Analysis.
Canadian Pacific has record Q3
NOAA: No more printed nautical charts
CargoWise offers Canadian eManifest module CargoWise has developed a new customs-compliant software module to meet the needs of its Canadian customers as they brace for upcoming changes to the country's customs procedures.
Bangladesh steps up garment workplace safety "Improving Working Conditions in the Ready-Made Garment Sector" focuses on minimizing the threat of fire and building collapse in ready-made garment factories and on ensuring the rights and safety of workers.
Manhattan reports record Q3 profits
Indianapolis airport commissions large solar project
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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