Remontowa wins double-ended ferry POLISH shipyard Remontowa Shipbuilding SA has won a contract for a double-ended ro-pax ferry with gas-electric propulsion worth about $35M
DryShips admits 'going concern' risk GEORGE Economou's DryShips has once again garnered an ignominious 'going concern' warning from its auditor in its latest annual report
HMM appoints new CEO HYUNDAI Merchant Marine has appointed Yoo Chang Keun as its new CEO, replacing the resigning Lee Suk Hui
Wan Hai to start PA2 service TAIWANESE Wan Hai Lines (WHL) will expand further on its already extensive intra-Asia network by joining Pan Asia Service II (PA2) on 3 April 2013, to provide an express service from North China to Singapore and Malaysia, the company told Fairplay today
Rongsheng secures two EPC contracts CHINA Rongsheng Heavy Industries has secured two CJ46 jack-up rigs EPC contracts, with a total value exceeding $360M, the company announced today
Asian liners plan second rate hikes CHINESE container liners announced this year's second round of rate hikes of about $500 per teu on the routes from Asia to Europe for all shipments, effective mid-April
COSCOL expands heavy-lifter fleet SHANGHAI-listed COSCOL plans to complete the expansion of its heavy-lifter fleet within 2013 by adding up to eight 28,000dwt such vessels
Decade-old VLCC see values flatline SECONDHAND VLCC sales resumed last week after almost a month of inactivity. However, the prices suggest that asset values are plateauing as the freight market remains unprofitable amid overcapacity
Mayfair marks first VLCC demolition sale of 2013 KNIGHTSBRIDGE Tankers' last VLCC has become the first VLCC to be sold for demolition in 2013
Box maker posted full-year slump HONG KONG-listed Singamas Container, a box maker, posted a 56.5% year on year slump in net profits to $60M in 2012, due to declining orders and lower average box prices
Big ships displaced from Asia-Europe trade THE CURRENT lull in ULCV orders does not indicate that ocean carriers' appetite for bigger ships is over; rather they just don't have the necessary finances at present to speed up the process
HMD bags four PCTC orders HYUNDAI Mipo Dockyard has clinched an order for four 7,500 ceu pure car/truck carriers from Israel based Ray Shipping
MHI, Imabari in JV to design LNG carriers MITSUBISHI Heavy Industries and Imabari Shipbuilding will jointly establish MI LNG Company to handle the design and marketing of LNG carriers
Mixed chemical market in Asia THE ASIAN chemical market has been mixed, with the southeast Asia-northeast Asia trade doing better than the intra-northeast Asia routes
North American Lumber Production Rose in 2012 Lumber production in the U.S. and Canada improved in 2012, with total output being 8 percent and 5 percent higher year-over-year, according to Western Wood Products Association, Wood Resource Quarterly reports. The global timber and wood products market update by Wood Resources International also showed that sawmills in the western region...
U.S. Lines' Trans-Pacific Westbound Rates to Rise U.S. Lines will increase rates on its trans-Pacific westbound trade for cargo originating from interior point intermodal points or container yards via the U.S. East Coast, excluding Gulf Coast ports, to North Asia and Southeast Asia, effective April 21. The hike will be $160 per 20-foot container and $200 per 40-foot,...
Old Dominion Relocates Two Service Centers Old Dominion Freight Line has relocated and expanded two of its service centers in Cheyenne, Wyo., and Allentown, Pa. The less-than-truckload carrier opened its Cheyenne Service Center to expand in the western U.S. The relocation boosted the terminal's size from four to 21 doors. The facility's service area includes Cheyenne, Laramie,...
Japan, EU Agree to Launch FTA Negotiations Japan and the European Union formally agreed on Monday to kick off negotiations on a bilateral free trade agreement aimed at eliminating import tariffs on most products traded between them. The agreement came when Japanese Prime Minister Shinzo Abe held telephone talks with European Council President Herman Van Rompuy and European...
M&M Cartage Operating Its First CNG Truck M&M Cartage has received delivery of its first dedicated compressed natural gas powered truck, supplied by Kentucky Truck Sales. The 2013 Freightliner is powered by a Cummins ISL GM2 9L engine. Agility Fuel Systems provided the 100-gallon behind-the-cab fuel system for the unit. Don Hayden, president of the Louisville, Ky.-based regional truckload...
India Cuts Charges to Boost Rail Container Traffic India's Ministry of Railways has decided to reduce haulage charges for containers transported by rail in privately owned railcars, effective April 1. For containers weighing between 10 metric tons and 20 metric tons, the rate will be reduced 5 percent to 15,638 rupees (about US$287.94) per 20-foot-equivalent unit. Rates for empty...
Work Advances on Port Mackenzie Rail Extension Work on $88 million worth of construction for three segments of the Port Mackenzie Rail Extension project in Alaska has kicked off. Contracts were awarded to three construction companies for the 32-mile rail project, which will connect the mainline of the Alaska Railroad near Houston to the deep draft dock at...
Andrew Distribution Leases 18 Trucks From Ryder Andrew Distribution has selected Ryder System to provide and maintain 18 new straight trucks under a full-service lease agreement. The trucks will be used to support Andrew's distribution and delivery operations for a major daily newspaper in the Milwaukee market. This is the first time the Illinois-based Andrew Distribution has leased...
Louisiana Ports See 'Huge Opportunity' in LNG Representatives from Louisiana's Terrebonne Parish Economic Development Authority and the Port of Terrebonne have determined that liquefied natural gas will offer a "huge opportunity" for exportation for regional Gulf Coast ports following the widening of the Panama Canal, according to Steve Vassallo, TEDA's CEO. The representatives recently took a trip to...
New 14,000-TEU Ship Joins NOL Group Fleet APL Temasek is the first of 10 14,000-TEU vessels on order by NOL Group.The NOL Group has unveiled its new 14,000 20-foot-equivalent unit APL Temasek container ship at the PSA Pasir Panjang Terminal in Singapore. APL Temasek is the first in a series of 10 14,000-TEU vessels on order by the...
Emirates Shipping to Boost Intra-Asia Rates On April 15, Emirates Shipping Line will raise rates on two of its trade lanes: From the Far East and Southeast Asia to the Middle East, the increase will be $300 per 20-foot-equivalent unit. From the Far East and Southeast Asia to the Indian subcontinent, the hike will be $200 per TEU. ...
St. Lawrence Seaway's Navigation Season Begins With the transit of Canada Steamship Lines' newly built Baie St. Paul through the St. Lambert Lock, the St. Lawrence Seaway's 55th navigation season has opened, according to the St. Lawrence Seaway Management Corporation. The Baie St. Paul is the first of a series of new vessels being constructed specifically for...
Port Everglades Sets Its Sight on Guatemalan Trade Port Everglades has announced that Guatemala is a key target market for the South Florida port. The announcement was made at Agritrade Expo & Conference 2013, an international agricultural trade show, in La Antigua, Guatemala, from March 14-15, hosted by the Guatemalan Exporters Association. "Guatemala is our No. 2 trading partner after...
TNT Express Seeks to Trim Jobs and Costs TNT Express said it plans to cut 4,000 jobs, slash costs, slim its aircraft fleet and sell its Chinese and Brazilian operations as it focuses on its core European market following the recent collapse of a planned $6.8 billion takeover by United Parcel Service. The sale of the Chinese business is...
IBIA Names Hall Chief Executive The International Bunker Industry Association has appointed Peter Hall as its new chief executive. Hall will start his new role in the beginning of April, replacing Cliff Brand, the current chief executive, who has been headhunted to be the marine director of the new King Abdullah Economic City Port in Saudi...
Hapag-Lloyd to Launch Finland Express Service Hapag-Lloyd's new FIX service.Hapag-Lloyd will launch its new Finland Express Service in April, directly connecting German hubs with ports in the Gulf of Finland and the Gulf of Bothnia in the Baltic Sea. The service will extend port coverage in the Baltic and provide a second weekly sailing to and from...
Oakland's Container Volume Grows 12.4 Percent Oakland's container volume, February 2013 Full-size chart The Port of Oakland's containerized throughput rose 12.4 percent year-over-year in February, according to data from the port. The total volume in February was 187,701 20-foot-equivalent units, including both laden and empty containers. The last time Oakland's throughput saw double-digit growth was two years ago,...
German Carrier Merger Not So Perfect After All The news that Hapag-Lloyd and Hamburg Sud have walked away from a merger that would have created the world's fourth-largest ocean carrier didn't come as a major shock to rival container lines or industry watchers. The would-be merger was a perfect fit and would have enabled the two German carriers to...
Neither Side Budges: PNW Terminal Talks Break Down Contract negotiations between the International Longshore and Warehouse Union and three grain terminal operators in the Pacific Northwest broke down at the weekend with each side refusing to consider the other's proposal. It was the first face-to-face meeting between the ILWU and the Pacific Northwest Grain Handlers Association in three months. The...
United Cargo Expands TempControl Network United Cargo has expanded its service for temperature-sensitive shipments by adding nine cities to its worldwide TempControl network, increasing the number of locations offering the service to 37. The following new U.S. locations are now certified to transport TempControl: Hartsfield-Jackson Atlanta International Airport. Boston Logan International Airport. New York John F. Kennedy International Airport. Cleveland...
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 ...
Aponte halts ship orders for years to come
Bunker fuel leak stopped on CMA CGM Florida
Asia-Europe carriers launch fresh push for rate rises
London Gateway 'to be UK's most utilised box terminal within first year' DP WORLD claims London Gateway will have a higher utilisation rate than any of its major UK rivals within its first year of operation, despite the fact it has yet ...
Hapag-Lloyd and Hamburg Sud merger talks stall MERGER talks between Hapag-Lloyd and Hamburg Sud have ground to a halt after the two German lines failed to reach agreement on the structure of a combined group.Hapag-Lloyd ...
Two kings face torch Nanjing King Ship has reportedly bagged $6.85m to scrap a pair of multipurpose ships.
SS United States facing scrap The historic passengership SS United States is facing potential scrapping in two months due to mounting costs paid by the conservation group that owns the vessel.
Lomar cools chatter Lomar Shipping has cooled rumours linking it with a string of containership buys.
CSBC profit crashes Taiwanese shipbuilding group CSBC has recorded a big drop in profit for 2012 despite a rise in revenue.
Scorpio seeing stars Scorpio Tankers has continued its expansion crusade by boosting its presence in the LR2 arena.
BBR earnings take flight Newly-listed offshore support vessel owner Bina Buana Raya (BBR) has seen its income soar off the back of a bigger fleet.
Maersk eyes UK issue Denmark's AP Moller-Maersk is lining up a sterling bond issue, possibly as early as this week.
Swedish "apartheid" makes waves Two ferry lines have become embroiled in a row in Sweden over claims passengers were segregated on buses according to skin colour or presumed ethnicity.
Slow-ceiling Slow steaming in the containership sector could be approaching its maximum limitations given the weight of newbuildings entering the market, DVB says.
Russia mulls SCF issue The Russian government has authorised a sale of tanker owner Sovcomflot's shares.
Remontowa adds ferry Poland's Remontowa shipyard has clinched a ro-pax order from Denmark worth DKK 200m ($34.86m).
Boyden's double worry A take-off in dry-cargo stocks led last week by Eagle Bulk has come too early for a sector battling low earnings, Global Hunter Securities says.
Big bonus from Glencore Glencore's two top executives have picked up a combined pay packet of almost $5m in a year which saw the commodity giant take over Xstrata.
Swissco enters rig arena Singapore-listed offshore support vessel owner Swissco Holdings has emerged as the name behind a rig order at Rongsheng Heavy Industries.
Oetkers halt merger talks The merger of German container lines Hapag-Lloyd and Hamburg Sud is off for now after the two sides failed to agree an ownership structure for the new combined group.
Duo go for rate hikes Hanjin Shipping and Zim have announced Asia to Europe rate rises designed to keep the trades sustainable.
China Merchants pockets $20m China Merchants Holdings International (CMHI) has sold development rights for a chunk of land in the Zhangzhou Economic Development Zone in Fujian province in mainland China.
Bahri banks sale profit Saudi owner Bahri has banked a profit of SAR 19.52m ($5.2m) from the disposal of a veteran freight ro-ro - and two sisterships are on the sales block.
Samco sells again Samco Shipholding has sold its fourth VLCC in a little over six months, brokers claim.
Four more for Mipo Hyundai Mipo Dockyard has clinched a KRW 315bn ($283m) deal to build four pure car and truck carriers.
Hellenic firms Hudson hire Hellenic Carriers has confirmed period employment for one of its three bulkers.
Mini-bulker sinks A mini-bulker has sunk off Vietnam after colliding with a sistership.
Changes at the top Former P&O Nedloyd chief executive Philip Green is set to become the next chairman of the Clarksons it was revealed Monday.
Ko's message of hope Daewoo Shipbuilding & Marine Engineering chief Ko Jae-Ho believes a yard recovery is on the cards for 2013.
Seven must go Vietnam has cleared the auction of seven idle ships owned by a Vinalines subsidiary.
Suezmaxes slide 18% Nordic American Tankers' (NAT) acquisition of a suezmax tanker resale has set a new benchmark for ship values in the sector.
Japanese team up Mitsubishi Heavy Industries and Imabari Shipbuilding are teaming up to take on the South Korean yards in the LNG arena.
Hapag charters in Hapag Lloyd has been forced to charter in tonnage to maintain the schedule on one of its transatlantic services.
TNT to cut 4,000 jobs as part of improvement plan As part of its initiative to raise profit levels, TNT Express will sell its Chinese and Brazilian domestic operations, ramp up technology investment and strive to generate 220 million euros ($283 million) in savings by 2015.
Averitt expands paperless invoicing to email inbox
FAA starts tower closures on April 7 The agency is sparing 24 towers that had initially been targeted for closure, and 16 towers partially funded by Congress will remain open. Earlier this month, the FAA proposed closing 189 towers to meet the $637 million cut.
APL receives first 14,000-TEU ship The Singapore-based liner carrier on Monday received its largest ever containership, the 14,000-TEU APL Temasek, the first in a series of 10 such ships the company will receive into its fleet in the coming months.
Lines raise Asia-Europe rates
Chapman takes over charters for Lufthansa "We will continue offering customers flexible and high-value charter solutions in the future," Lufthansa's Andreas Otto said. "With the newly adapted structure, we are leaner and more focused, and can offer our own aircraft even easier and faster."
Dachser on target for 5-billion-euro goal
Drewry Air Freight Index - February transpacific rate uptick
Monjasa buys tanker from Aegean 1990-built vessel formerly used as floating storage destined for West African market.
MAN Diesel's retrofit financing scheme finds favour Financial support for retrofitting is thin on the ground.
IFO prices firm in Fujairah Prices soft in Suez.
Week starts with upward trend in north-west Europe Congestion returns to Gibraltar.
Jamaica hears results from 'bunkering hub' study Advised to 'take note of the policies pursued in major bunkering centres' to boost prospects.
LNG bunker tanker launched in Stockholm Experience will inform future LNG infrastructure solutions, says port.
KPI Bridge Oil hires credit manager Andrew Burton steps up to managerial position at KPI.
Survey: Demand for LSFO in Singapore to rise Sales could reach 60,000 metric tonnes a month due to North American ECA.
Asian bunker prices strengthen to start week Only Tokyo Bay saw prices soften.
IBIA appoints new chief executive Former port authority CEO says IBIA has 'unique and crucial voice'.
Nordic Hamburg orders more fuel efficient bulkers Ship's NPT propellor will deliver 'higher efficiency and lower fuel consumption'.
'Ferry of the future' to use Azipull propulsion system Vessel will operate on lithium-ion batteries.
NOL welcomes largest 'environmentally friendly' vessel Company claims the ship can save 16%, or $3 million in bunker fuel, when travelling between 15-18 knots.
Vopak opens Algeciras storage terminal Facility, owned by Vopak and Vilma Oil, able to support bunkering operations in the region.
Fuel efficient windfarm vessel gains charter Vessel operator WTGS chooses to charter CTruk 20T for operations.
Cosco International eyes share of Chimbusco Considers acquiring parent firm's 50% ownership of Chimbusco, as part of other investment plans.
Golden Ocean narrows profit for 2012 Dry bulk shipping firm makes loss on bunker hedging.
High bunker costs changing shipping operations It might be 'better to lay off a ship' rather than deploy it, says PIL.
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