Khalid sees 'ploy' and hype in 'eco' ships PRECIOUS Shipping managing director Khalid Hashim today dismissed the hype surrounding 'eco' ship designs that promise to counter high bunker prices
US orders $10.4M find for dumping waste CYPRUS-based Columbia Shipmanagement has been fined $10.4M by the US for intentionally dumping oily waste and falsifying oil record books
LNG keys Hawaiian move to amend Jones Act HAWAIIAN LNG shipments are the target of a proposal to exempt US-build requirements from the Jones Act
ICTSI signs Honduras deal ICTSI was reported today to have signed a $624M contract to upgrade and manage the box general cargo terminal for Puerto Cortes in Honduras
OSG renegotiates Parkou tanker charter deal BANKRUPT OSG has obtained lower charter-in rates for four Parkou Shipping-owned product tankers, according to newly filed court documents
Shanghai arbitration rises over decade CHINA Maritime Arbitration Committee's Shanghai branch celebrated its 10-year anniversary today by saying disclosing that its caseload has risen to 53 in 2012, from 13 in 2003
Herd mentality seen in orders of ULCSs PACIFIC International Lines boss Teo Siong Seng said today herd mentality among shipowners is behind recent ordering of ULCSs, not convincing evidence of operational superiority
HMM's CEO shuffle follows record losses HYUNDAI Merchant Marine has appointed Yoo Chang Keun as its new CEO, replacing the resigning Lee Suk Hui
China's orderbook drops CHINA'S shipyard orderbook fell 27.4% year on year in February, to an aggregate 106M dwt, China National Association of Shipbuilding Industry said today
Would-be German mariners losing out GERMAN shipping cut back significantly on nautical training in reaction to the worsening market slump, a survey showed today
Putin plans to discuss Nigerian arms case RUSSIAN President Vladimir Putin plans to visit Africa next week, where he means to discuss the jailing of Russian seafarers, sources close to the Kremlin said
Asia/Europe box capacity management urged CARRIERS must practise more aggressive capacity management if container rates are to gains year on year, CIMB Securities warned
LNG pressure remains THE LNG honeymoon after Japan's quake crisis in 2011 could be ending as more ships join the global fleet, a shipping consultant's report indicated
CIMC profits nearly halved CIMC'S net profits slumped 47.5% year on year to 1.9Bn yuan in FY12 because of a significant drop in global demand for containers
Seafarers in sinking saved FOURTEEN mariners have been rescued from a bulker that sunk in a collision off Vietnam
Panama Canal Authority Board of Directors' Chairman Hears Savannah Update SAVANNAH, Ga. - In a visit to the Port of Savannah today, Panama's Minister for Canal Affairs Roberto Roy described progress on the canal expansion, and heard the latest news on deepening the Savannah Harbor to 47 feet. "With the historic expansion of the Panama Canal nearing completion, I applaud Georgia...
Averitt Expands Paperless Invoicing Options for Customers COOKEVILLE, Tenn. - To help its customers improve cash flow and tighten efficiencies, Averitt Express has rolled out expanded electronic billing options. Now Averitt's customers can receive invoices via email directly to their inbox. Averitt's "Paperless Invoicing" tools save its shippers time and money. By receiving electronic invoices by email and...
DC Sends Mixed Signals on Sequester Impact Whether recent legislation that funds the federal government for the next six months will prevent slated furloughs at Customs and Border Protection that could snarl freight traffic at U.S. ports of entry is unclear. But the negative impact of the sequestration on freight-related construction programs - roughly $525 million -...
Western Star Trucking Company Joins TruckingUnlimited.com CARSON, California - Just as almost every aspect of the trucking industry is advancing with technology and remodeling itself to the increased efficiency of doing business on-line, technology has become the employers' best weapon in the tough recruitment competition of today. Not only are more trucking companies aware of the...
Toll Intermodal Opens Facility in Kewdale, Australia Toll Intermodal has opened an interstate freight forwarding facility in Kewdale, an intermodal hub in Perth in Western Australia. The 55,000 square meter (about 592,015 square foot) site represents an investment of A$47 million (about US$49 million), said Paul Ebsworth, Toll Domestic Forwarding's divisional director, during his speech at the opening...
111th President of IMarEST Appointed Andreas Chrysostomou has been appointed the 111th President of the Institute of Marine Engineering, Science and Technology (IMarEST) at its AGM today (21 March). Richard Vie has been appointed President Elect. Andreas Chrysostomou takes over the reins of office from Malcolm Vincent. Mr Chrysostomou's first public task as President will be...
Lipinski Introduces Bill to Crack Down on Foreign Firms Avoiding Customs Duties U.S. Rep. Dan Lipinski, D-Ill., has introduced the Customs Training Enhancement Bill, which is intended to facilitate the sharing of information between the private sector and U.S. Customs and Border Protection to allow the U.S. government to better identify foreign companies that illegally avoid customs duties. "Blatant cheating by foreign firms...
ILWU, PMSA Worry Sequestration Will Hurt California Ports The Pacific Merchant Shipping Association and International Longshore and Warehouse Union have sent a joint letter to U.S. Sens. Diane Feinstein, D-Calif., and Barbara Boxer, D-Calif., and others expressing concern over the impact of U.S. Customs and Border Protection's elimination of overtime for all personnel as a result of sequestration. The...
Terreno Realty Buys Washington Air Freight Building Terreno Realty Corporation, a U.S. industrial real estate company, has acquired an industrial property in Burien, Wash., for about $6.5 million. The property consists of one multi-tenant industrial distribution building containing approximately 69,000 square feet on 4.8 acres. The cross-dock air freight building provides 49 dock-high and 10 drive-in doors and...
Old Dominion Freight Line Raises Expectations for Tonnage Growth Old Dominion Freight Line has updated its expectations for growth in total tons for the first quarter to a range of 4.5 percent to 5.0 percent, compared with the first quarter of 2012, from its previous range of 4.0 percent to 4.5 percent. Additionally, the less-than-truckload carrier reaffirmed its previously discussed...
Shipping Firms Plead Guilty to Environmental Crimes Two shipping firms based in Germany and Cyprus have pleaded guilty to felony obstruction of justice charges and violating the Act to Prevent Pollution from Ships, regarding the deliberate concealment of vessel pollution from four ships that visited U.S. ports in New Jersey, Delaware and Northern California, according to the...
Top 25 LTL Carriers: What the Data Tells Us The Journal of Commerce and SJ Consulting Group annually rank the largest less-than-truckload carriers by revenue and track the sector's economic recovery. In 2012, the largest U.S. and Canadian LTLs hit a speed bump, with annualized revenue growth slowing from 12 percent to 4.5 percent. Stronger freight demand and more...
Bill Aims to End Railroad Antitrust Exemption Sens. Amy Klobuchar, D-Minn., chair of the Senate Judiciary Committee's Subcommittee on Antitrust, Competition Policy and Consumer Rights, and David Vitter, R-La., ranking member of the Senate Environment and Public Works Committee, have introduced the Railroad Antitrust Enforcement Act, which would eliminate railroads' exemptions from U.S. antitrust laws. "This legislation makes...
SCFI: Trans-Pacific Rates Extend Decline The Shanghai Containerized Freight Index saw slight drops in the week of March 22 in U.S.-bound TransPacific lanes, according to data issued by the Shanghai Shipping Exchange. Shanghai Containerized Freight Index for the Asia-U.S. West Coast trade through March 22, 2013. Source: Shanghai Shipping Exchange. Full-size chart Spot rates to the U.S. East...
Mississippi River Intermodal Terminal Project Begins The Port of New Orleans' board of commissioners has notified AECOM Technical Services to begin the design of the port's new Mississippi River Intermodal Terminal Project. The port received a $16.7 million federal transportation grant last year for improvements to the Napoleon Avenue Intermodal Terminal. The project site is an existing...
SCFI: Asia-Europe Rates Plummet Despite GRIs The Shanghai Containerized Freight Index saw rates in European lanes plummet one week after a general rate increase was implemented by Asia-Europe carriers, including APL, CMA CGM, OOCL and Hapag-Lloyd. In the week ending March 15, Asia-Europe trade lanes saw an increase of about $400 per 20-foot container, indicating carriers had...
Far East Asian Exports to South America Buck Trend Containerized export volume from Far East Asia to other regions grew in January 2013, according to data from Container Trades Statistics, Ltd., with increases in all trades except to South and Central America. In its monthly newsletter, CTS noted that the increase was "artificial to some extent" because it was linked...
Dachser Sets 2013 Revenue Target of 5 Billion Euros German logistics operator Dachser is targeting revenue of more than 5 billion euros ($6.5 billion) for 2013, driven by organic growth and recent acquisitions in Spain. The family owned concern boosted 2012 revenue by 3.7 percent from a year earlier to $5.7 billion, with overseas operations growing faster than its core...
Eurotunnel Profit Soars; Truck Traffic Sets Record Groupe Eurotunnel more than tripled its profit in 2012 as it transported a record number of trucks through its subsea rail link between the U.K. and France. Net income grew to 34 million euros ($43.9 million) from 11 million euros ($14.2 million) in 2011 as revenue jumped 16 percent to 1...
Ex-Crowley Official Indicted in Puerto Rico Antitrust Case Thomas Farmer, a former executive at Crowley Liner Services, was indicted by a federal grand jury in San Juan on a charge of conspiring with competitors to fix shipping rates in the U.S. mainland-Puerto Rico trade. Farmer, who was vice president of price and yield management at Crowley, is the seventh...
APMT, BAL and Bouygues consortium named as preferred bidder for Abidjan box terminal A consortium of APM Terminals, French logistics and terminal operator Bollore Africa Logistics, and French civil engineers Bouygues has been named as preferred ...
Evergreen in $172m box buying spree
NAFTA trade jumps 6% in 2012 Surface trade between the US and its NAFTA partners, Canada and Mexico increased by 6.2% in 2012 compared to the previous year to $960bn, the highest annual amount ...
Ultra-large boxship deliveries slow down DELIVERY of ultra-large containerships has slowed in the first few months of the year, sparking claims of a lower than expected delivery rate for 2013.The latest ...
CMA CGM Florida sails to Shanghai after collision THE containership CMA' CGM Florida
Zim eyes 13,000 teu newbuildings after order cancellation
Eco ambassador All eyes were on Peter Evensen and his entourage at the Shipping 2013 summit in Stamford this week but the Connecticut Maritime Association (CMA) commodore his crew weren't the only stars of the show.
Kraljevica rented out The bankruptcy trustee of Croatia's Kraljevica shipyard is to hire out part of its quayside as it awaits buyers.
Nobu calls for help Nobu Su has admitted for the first time TMT is facing financial pressure and is looking to bring in help to aid its survival efforts.
Wells files a reminder Bankruptcy filings remain a risk among some of Wall Streets best known dry-cargo shipowners despite a rally in share prices at the start of 2013, Wells Fargo says.
HMM wins share battle Loss-making Korean shipowner HMM will be able to raise more money from share sales after investors backed a Hyundai Group plan.
Brittany trying again French owner Brittany Ferries is relaunching a cross-Channel voyage to Poole in England for the second time.
NAT goes Greek Almi Tankers of Greece has been flagged as the likely seller of a new suezmax to Nordic American Tankers.
Ferry deal "possible" France's Eurotunnel is hoping to reach a compromise with UK regulators over its MyFerryLink cross-Channel ro-pax service.
Ideas and more ideas We take a look at what was said in the market over the past week.
Strike one for Solstad Solstad Offshore has secured an extra year's employment for one of its construction vessels.
Nauta cleared over aid Polish shipyard Nauta has been cleared by a European Commission (EC) probe into state aid.
SCI spending less State-owned Shipping Corporation of India (SCI) will be spending around 22% less money in 2013-14.
Modec in pre-salt pact Modec has teamed up with Japanese heavyweights Mitsui & Co, MOL and Marubeni Corp for its latest Brazilian FPSO venture.
Another drill goes wrong A crewman has broken his leg after falling from a CSL bulker in another safety drill accident.
Maersk's giant poser TradeWinds digests the digits making the headlines this week.
Chinese in bulker union State giants Cosco and China Shipping Group (CSG) are teaming up on bulker operations to boost earnings in the shipping slump.
Shipping falls at Fesco Slimmed-down Russian boxship owner Fesco needed ports and logistics earnings to boost its 2012 result.
HHI focuses on Gunsan Hyundai Heavy Industries (HHI) is targeting growth at its second shipyard in Gunsan.
Saudis plot $4bn yard Saudi Aramco and Korea's STX Heavy Industries are reported to be planning a new $4bn shipyard in Ras al-Khair.
Columbia fined $10.4m Columbia Shipmanagement has pleaded guilty to multiple accounts of polluting US waters and faces a fine of up to $10.4m.
Sale hurts Euronav Euronav slipped further into the red in 2012 as its results were hit by the sale of its only newbuilding.
China output jumps China reported a near 10% increase in steel production for last month, latest industry figures show.
Hanjin calls off Jaxport terminal, but port gains 6 carriers Roy Schleicher, interim CEO at the Florida port, said because of the depressed economy, the port came to a "mutual agreement with Hanjin... that we would not pursue building their container terminal at Dames Point."
Bill would stop shippers who skirt U.S. Customs duties Rep. Dan Lipinski, D- Ill., has introduced legislation which aims to stop foreign manufacturers from skirting U.S. Customs duties by creating a better information-sharing network between the industry and government.
Port of L.A. approves lease for BNSF Currently, import containers that don't move inland from the dock as a block on unit trains are trucked 24 miles to BNSF's Hobart Yard. The new intermodal facility would reduce about 1.3 million truck trips annually.
Hawaii legislators seek exemption from Jones Act's build requirement Lead bill sponsor State Republican Rep. Gene Ward noted foreign-built vessels are allowed in the domestic Guam trade, and said an exemption for cruise ships was put in place in 2003 by the late U.S. Sen. Daniel K Inouye.
New Orleans to start intermodal terminal work in December
Maersk, MSC announce GRIs
Bill to eliminate rail antitrust exemptions introduced
Weekly global bunker market update A weekly price round up of bunkering hubs from around the globe.
Bunker prices end week on uncertain note Demand was weak across the Americas, according to local suppliers and traders.
FTA warns 2015 sulphur limit will shift traffic to roads 'We could see as much as a 16% shift from traffic that is currently using east coast ports switching to the likes of Dover, Folkestone and the Channel Tunnel.'
ABB wins new technology award ABB's Onboard DC Grid can help reduce a vessel's fuel and emissions by up to 20%.
Rolls-Royce wins Green Ship Technology Award Environship incorporates a range of technologies to deliver efficiency savings for ship owners.
Oil spill preparedness initiative launched Initiative will create forum for joint action, focusing on activities such as training, workshops and joint exercises in field of oil spill preparedness and response.
Limited avails in Fujairah While prices were softening in Suez.
Week ends on soft note Piraeus prices were falling but 380 cSt was a non-mover.
Report: Altor looking to sell OW Bunker Altor spokesman says company 'will not comment on speculation'.
Asian shipowners: LNG bunkering is coming But lack of supply points is main obstacle for sea-going ships.
Triple-E vessels will 'not be allowed to unbalance the market' 'If the market is not growing, we will pull out other capacity,' says Maersk Line CEO.
LNG bunker tanker contract in offing Deal to build first purpose-built LNG bunker tanker moving closer.
'Eco claims' must be 'measured independently' Fuel saving technology won't be adopted without agreement on a common standard.
Asian bunker prices end week mixed Supplies in Tokyo Bay expected to remain tight until start of April.
Eco-ships 'not convincing', say shipowners Efficiency not proven yet, says Pacific International Lines and Precious Shipping.
Chimbusco enters into red for 2012 Chinese bunker supplier was still in the black during 2011.
Norden to buy new fuel-efficient vessels this year Prices for fuel efficient newbuilds have decreased to 'attractive' levels, say company.
MPA: LNG bunkering unlikely by 2015 Singapore still needs to sort out LNG bunkering standards, says Chief Executive of MPA.
Bunker subsidiaries of Cosco post higher profits Cosco International recorded 6% lower profits on year for 2012.
LNG carrier shipowners prompted to 're-evaluate' systems Due to rising fuel costs, environmental regulations and other factors, says Alfa Laval.
Bunker supply shortage in Tokyo Bay Prices are expected to rise in the coming week amid tight supplies.
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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