BBC Chartering secures four newbuildings GERMAN multipurpose shipowners are starting to invest in tonnage again to support the fleet renewal of Leer-based BBC Chartering, the world's leading tramp project/breakbulk carrier
Storm sinks Chinese ships TWO general cargo vessels have sunk off China's Hainan Island due to tropical storm Bebinca, but no casualties were reported
Sailings suspended after ro-pax hits UK dock DFDS today suspended sailings from Harwich in Essex to Esbjerg in Denmark after a ro-pax with 489 passengers aboard briefly took on water after hitting a quay while docking
Yangzijiang sells stray feeders JIANGSU Yangzijiang Shipbuilding has sold three container ships whose orders were cancelled by Thomas Schulte Reederei
Changhang Phoenix to auction two bulkers SHENZHEN-listed Changhang Phoenix said today two loss-making bulkers will be auctioned to repay 370M yuan ($60M) in bank loans
CNPC taking Yamal stake CHINA National Petroleum has agreed to invest in Novatek's new Yamal gas field and LNG export plant in the Russian Far East
COSCO (Nantong) bags $340M conversion deal COSCO Corp (Singapore) said today one of its subsidiaries has closed a deal with a Singaporean client to convert two nearly completed hulls into high-end floating accommodation units
Breaking prices keep sliding PRICES of ships sold for demolition remain under pressure today, as the rupee plunged to a historic low of 58-59 against the US dollar last week
MPM stays on 'buy' DMG & Partners maintained "buy" ratings for Marco Polo Marine shares after the latter acquired an AHTS ship to be deployed in Indonesian offshore waters
Two Singapore bunker players lose licences TWO bunkering services providers have lost their licences to operate in Singapore effective today, the Maritime and Port Authority of Singapore said
DMG maintains 'neutral' for Singapore yards DMG & Partners today maintained 'neutral' ratings for Singaporean rig builders Keppel and Sembcorp Marine, citing intense competition in their sector
Capesize S&P prices rise as BDI rallies CAPESIZES are getting firmer prices in the S&P market as Baltic Dry Index rallied last week, on the back of higher iron ore shipments to China
Box rates still sliding BOX RATES have continued to regress further into unprofitable territory, raising more doubts on the success of carriers' planned general rate increases for July
Two arrested TMT ships to be sold TWO SHIPS belonging to Taiwanese shipowner TMT will be auctioned in Singapore and Cape Town
CMA CGM Consolidates India Agency Operations CMA CGM has announced plans to consolidate operations in India by combining agency functions of its wholly-owned subsidiary ANL into CMA Agencies (India) Pvt. Ltd. The French carrier in a trade notice said "CMA CGM India stands as the sole agent for ANL pan India, effective July 1, replacing existing third-party...
Univan Opens New Philippines Headquarters in Manila Univan has opened its new office in Manila, reflecting the important role the Philippines plays in the company's global operations. "We are celebrating our 40th anniversary in 2013, and this investment in Manila, lays the foundation for the next 40 years as we have a long term commitment to our business...
ANL Singapore and Agility to Launch Joint Venture in Papua New Guinea ANL Singapore - part of CMA CGM - and Agility, a logistics provider, will launch a new joint venture, ANL Agencies PNG Ltd., in Papua New Guinea on July 1, 2013. "The establishment of ANL Agencies PNG Ltd will allow both companies to take advantage of significant synergies for both companies...
Troy Container Line Enhances South America Services roy Container Line will open new services to and from Bolivia; San Antonio, Chile; Callao, Peru; and Paraguay, via its partnership with the Argentina-based agent MSL. The American-owned non-vessel-operating common carrier will begin the new South America services with a maiden voyage on June 25. "Troy Container Line is committed to expanding...
Haze Limits Visibility Around Malaysia's Kertih Port Visibility in the waters around Kertih Port in Malaysia could be significantly reduced as a result of haze coming from forest fires in Sumatra, Indonesia, according to Inchcape Shipping Services. During periods of restricted visibility, Inchcape has recommended that shipmasters keep a proper lookout and navigate the area with caution, in...
New York-New Jersey Ranked Top Port for Industrial Real Estate The Port Authority of New York and New Jersey was judged the leading gateway for developers and users of industrial real estate in 2012 based upon its consistent cargo volumes and available blocks of industrial space within the immediate port area, according to a report by Jones Lang LaSalle. New York-New...
Port Canaveral to Develop Inland Port in Eastern Florida Port Canaveral is pursuing the development of an inland port near the north end of Brevard County, Fla., in conjunction with the start this fall of the widening and deepening of the Florida port's 3½-mile channel. Dedicated barges would carry cargo from Port Canaveral to inland transfer points and connect to...
Tampa Port Authority Re-Elects All Board Officers William "Hoe" Brown will continue as chairman of the Tampa Port Authority.The board of Florida's Tampa Port Authority has agreed to maintain its already existing slate of officers with William "Hoe" Brown as chairman, Stephen Swindal as vice chairman and Carl Lindell Jr. as secretary and treasurer. Other board members include...
Jepson to Serve Second Term as Georgia Ports Authority's Chairman The Georgia Ports Authority's board of directors has elected Robert S. Jepson, Jr., to serve a second term as chairman of the board. Jepson was first appointed to the board of directors in 2008 and previously served as vice chairman. James A. Walters was also appointed as the vice chairman and...
Panama Canal Expands Tugboat Fleet The names of the two new tugboats were taken from different landmarks around Panama.The Panama Canal has received the first two of 14 tugboats that will help strengthen the waterway's capacity for the operation of its third set of locks. Cerro Itamut and Cerro Picacho are part of the new fleet...
FedEx's Profit Dropped 23 Percent in FY2013 FedEx reported net income in the fourth quarter of fiscal year 2013, ending May 31, 2013, was $303 million, down from $550 million in the fourth quarter of the previous year, ending May 31, 2012. The quarterly drop included an impairment charge of $100 million to retire 10 aircraft, as well...
Massport to Invest More in Container Operations in FY2014 The Massachusetts Port Authority has approved a business plan and budget for fiscal year 2014 of $592 million, up 2.5 percent or $14.4 million compared with the previous year. About 70 percent of the budget, valued at $403 million, will go to fund the daily operations of the aviation, maritime and...
CMA CGM to Add South Africa Call to Asia-Africa Service CMA CGM has added a weekly westbound call at Durban, South Africa, to its MIDAS service, connecting India and the Persian Gulf with southern and western Africa. The first sailing of the new rotation is the Albert Rickmers, voyage MU655W. The container line has also merged its two services connecting the Persian...
DAT Freight Index Down 13 Percent in May DAT North American Freight Index Full-size image The DAT North American Freight Index dropped to 1571 in May 2013, down 13.3 percent year-over-year, compared with an all-time high in May 2012, according to the latest release from DAT. This is the fourth straight month of declines. The current spot market freight volume rose 5.6...
DFDS's Bid to Buy Scandlines Rejected DFDS's bid to buy Scandlines, a German-Danish ferry operator, was not accepted, meaning DFDS is no longer part of the sales process. However, the Northern Europe shipping and logistics company said it plans to continue its strategy expansion through acquisitions. DFDS originally announced its participation in the sales process for Scandlines, which...
HNA Group to Acquire European Trailer Leasing Business HNA Group Co. of China has agreed to acquire GE Capital's TIP Trailer Services, a European trailer leasing and rental business, as part of its investment strategy. "The acquisition of TIP strategically fits within HNA Group's existing portfolio of logistics, airline, airport, financial services, real estate, tourism, shipping and retail companies,...
Russia Plans Large Transport Projects Russian president Vladimir Putin unveiled plans to spend nearly $14 billion on three large rail and road projects to ease transport bottlenecks and stimulate a slowing economy. The trans-Siberian railway, which links Moscow to the port of Vladivostok in Russia's Far East, will be upgraded to become the main artery linking...
NSCP Group's Container Throughput Rises 2.8 Percent Novorossiysk Commercial Sea Port Group reported consolidated cargo turnover from January to May was 61.3 million metric tons, falling 10.4 percent from 68.4 million metric tons in the first five months of 2012. NSCP Group's total container throughput from January to May rose 2.8 percent from 262,000 20-foot-equivalent units in 2012...
Port of Le Havre Welcomes First Call by CMA CGM Jules Verne The CMA CGM Jules Verne calls at the Port of Le Havre.The CMA CGM Jules Verne has made its maiden call at the Terminal de France in Port 2000 in Le Havre, France, as part of its first rotation on the French Asia Line 1 service, connecting Northern Europe with...
'Not willful' A US federal judge has overturned a jury's finding that ION Geophysical willfully infringed the patents of seismic vessel owner WesternGeco for marine streamer technology.
Euronav loan extended Euronav has won a four-year extension on a $300m credit facility, despite the departure of Bank of America from the loan.
SwissMarine takes cape SwissMarine has hired a Deiulemar Shipping capesize on a short period deal at below the present spot market spike.
CSSC hands over Longxue Guangzhou Shipyard international (GSI) is to take control of sister shipyard Longxue Shipbuilding with cash from parent CSSC.
Atwood at it again Atwood Oceanics has exercised an option at Daewoo Shipbuilding and Marine Engineering (DSME) for a fourth ultra-deepwater drillship.
American Club in the red The American Steamship Owners Mutual Protection and Indemnity Association incurred a $6m loss through last year bringing its free reserve down to $54.2m.
Tanker blaze out The crew of a Turkish chemical tanker have been rescued after the vessel caught fire in the Adriatic Sea.
Capes charge on A spike in chartering activity has lifted capesize spot rates by almost 50% in the past week.
OSX denies default Eike Batista's OSX has rubbished claims that its shipbuilding unit is at risk of bankruptcy after defaulting on over $200m worth of debt repayments.
Grandweld grabs four Dubai's Grandweld Shipyards has won a deal to build four crew vessels for a Mexican owner.
Seacurus sold to Barbican Niche marine broker Seacurus has been sold to the Lloyd's based Barbican underwriting group by its founding partners.
Chinese bulker cleared A Chinese bulker has not been up to anything illegal, despite failing to notify authorities of its arrival in Philippines waters, the coast guard said.
Pratibha ship arrested again A tanker belonging to troubled Indian owner Pratibha Shipping has been put up for auction after being arrested again over unpaid fees.
NOCC ship in probe A Norwegian Car Carriers ship is under investigation by Japanese authorities following an accident which sliced a fishing vessel in two.
GSI raising $400m Shares in Guangzhou Shipyard International (GSI) will resume trading after more than a month as it unveiled details of a big share sale.
Euroseas tied to bulker Euroseas of Greece has bought its second vessel in a week and its first bulker in almost half a decade, UK brokers believe.
DFDS ferry holed A DFDS ferry took on water at Harwich in the UK after smashing into the dock.
Cosco Sing not worth it Shares in Cosco Corp (Singapore) may not be worth a punt despite languishing at a 12-month low, a Lion City-based analyst says.
Bunker suppliers busted The Maritime and Port Authority of Singapore (MPA) has cancelled the licenses of two bunker suppliers for contravening the terms and conditions of their licensing agreements.
Thai owner chops two World Wide Transport of Thailand is tipped to have thrown its two largest vessels on the scrap heap.
DFDS bows out Danish ro-ro group DFDS has pulled out of the race to buy Baltic rival Scandlines.
Scorpio's big chance Scorpio Tankers has moved on a once in a generation opening with an order spree which has left rivals at least three years behind, a top executive says.
Chandris denies VLCC deal Greek owner Chandris says rumours of a new charter agreement for one of its VLCC's are false.
Star left hanging by STX Star Bulk Carriers has broken its silence over its exposure to bankrupt STX Pan Ocean to reveal it is owed over $750,000 by the South Korean owner.
Ship held over death Japan has arrested a Chinese cargoship in a probe into a fatal collision with a fishing vessel.
Jiangnan warns on losses CSSC's Jiangnan Heavy Industry is forecasting a loss in the first half as ship prices fell.
Cargoship lost in Med
Celebrity's Xpedition cleared to cruise Miami-based Celebrity Cruises has been allowed to resume its Galapagos cruising operations after a near one-month suspension.
Whales up for grabs Today Makes Tomorrow's (TMT) 320,000-dwt combination carrier (OBO) C Whale (built 2010) will come under the hammer in Singapore next month while sisterhip E Whale's fate is expected to be determined in Cape Town tomorrow.
House members visit Memphis to learn about logistics
FedEx continues efficiency push in truck fleet In March, less than five years after setting its goal, FedEx Express scored a 22 percent cumulative improvement in fuel economy for its vehicles and set a revised goal to improve the efficiency of its vehicle fleet 30 percent by 2020.
JDA outlines merged product roadmap "Instead of inward-facing analysis to determine the product roadmap, we put our customers at the center of every decision," said Jean-Francois Gagne, JDA's chief product officer. "The end result is an integration, innovation and development path."
Shippers concerned of possible change to rail cost measure The URCS is the STB's general purpose costing system that's used to estimate variable and total unit costs for Class I railroads, including making determinations on whether a railroad's rates are reasonable.
Mercury opens EMEA branch
Conexus expands in Laredo
Barbican buys specialist marine insurance broker
Froman sworn in as U.S. trade representative "I intend to use every tool to increase exports of Made-in-America goods and services, level the playing field for our people to compete and win in the global economy and fully enforce our trade rights," he said during his swearing-in ceremony.
Asia-Pacific marine coatings market to record further growth Market recorded revenues of $4.84 billion in 2012 and is estimated to reach $6.69 billion in 2016.
New order for scrubbing system 'Exhaust gas cleaning systems will enhance our striving for sustainable operations,' says Norwegian operator.
Prices stable in Fujairah, soft in Africa MGO in Cape Town lost $18 throughout the day's trading.
Double digit falls across Europe MGO down by $17 in Rotterdam.
Call to refiners: Start talking about 2015 IBIA's vice-chairman wants debate between owners and refiners on LSFO supply post-2015.
China could retrofit 47,000 vessels to use LNG Programme would focus on inland waterways.
TMT files for bankruptcy Bunker suppliers among creditors listed in court papers.
Week starts with bunker prices down Earliest delivery dates for bunkers were between June 25 to 27 at key Asian ports.
MPA cancels licences of two bunkering firms Operating permit of Golden Lights HS Bunkering Pte Ltd and Shing Li Shipping Pte Ltd withdrawn.
Bunker spill from Manila-based oil storage depot Spill caused by a ruptured pipe from a storage tank, says Philippine media.
Sovcomflot upgrading engines of LNG carrier newbuilds The Velikiy Novgorod and Pskov will have ME-GI engines, says firm.
MAN Diesel starts turbocharger production at China China turbocharger business unit will support shipbuilding in country.
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