TEN plots second preferred offering NYSE-listed Tsakos Energy Navigation announced today that it will issue a new series of perpetual preferred shares, adding to a wave of such offerings this year
Eimskip units seek access to raid data EIMSKIP, the Icelandic shipping and logistics group, said today three of its companies are seeking access to data seized in dawn raids earlier this month
Three resign as Seanergy losses continue NASDAQ-listed Seanergy Maritime today reported more quarterly losses and announced three resignation
CSAV hits $330M target CHILEAN liner CSAV has completed its rights offering, with the Luksic Group further solidifying its grip
Awilco LNG, Teekay agree on sale/leaseback AWILCO LNG of Norway said today it had concluded a sale-leaseback deal with Teekay LNG Partners
Rising asset prices deter Precious fleet expansion PRECIOUS Shipping, Thailand's biggest bulker owner, will watch and wait before buying any more secondhand ships
OSG reveals 2013-18 financial projections BANKRUPT Overseas Shipholding Group has disclosed forecasts for its US-flag and international tanker divisions in an effort to speed restructuring
Maersk Drilling books $650M rig at DSME MAERSK Drilling has ordered a new ultra-harsh environment jack-up rig at Daewoo Shipbuilding & Marine Engineering
Shanghai sea-rail transport rise sought SHANGHAI Port Logistics today called on China's biggest port to raise sea-rail transit throughput nearer to international norms
Robbery on VLCC foiled A ROBBERY attempt by three armed men off an Indonesian anchorage has been foiled by crew members of the VLCC Armada Ali, ReCAAP ISC reported today
Portsmouth suspects deny drug smuggling TWO MEN have denied smuggling cocaine with street value of £5.2M ($8.1M) through Portsmouth harbour
Hapag hires logistician to succeed CEO Behrendt GERMAN liner Hapag-Lloyd has selected a top executive from the ocean freight-forwarding and logistics sector as its future CEO
Carnival shares dumped NYSE-listed stock of Carnival Corp fell today in extremely heavy trading after the cruise major confirmed continued weakness for its CCL brand
Miller, Former Kansas DOT Secretary, Tapped for STB President Obama has nominated Deb Miller for a seat on the three-member U.S. Surface Transportation Board, which oversees the U.S. rail industry. The position still requires approval from the Senate. Miller would take the spot of Francis Mulvey, whose term expired. Notably, STB Chairman Daniel Elliott's term will also expire at...
Truckload Carriers Steer for Higher Rates, Volumes Slow but steady growth in freight-generating sectors of the economy is raising trucking executives' expectations for higher rates and increased shipment volume. Sixty-six percent of the truckload carriers surveyed by Transport Capital Partners in the third quarter said they expect rates to rise over the next 12 months. Carriers with more than...
CTS: Europe's Containerized Exports to North America Hit High Europe: Containerized exports to North America through June 2013 Full-size image Containerized exports from Europe to North America reached a high since the JOC began collecting this data in January 2011, according to data from Container Trades Statistics. European exports rose year-over-year to all regions, with the exception of exports to the...
Walker Supply Chain Management Hires Laccona as COO Giorgio Laccona (left), Walker SCM's new COO, with Emmett Walker (right), Walker SCM's CEO.Walker Supply Chain Management has hired Giorgio Laccona as chief operating officer and partner. In his new role at the transportation and logistics firm, Laccona, a 37-year industry veteran, will be responsible for the daily operations, lead procurement...
US Peaches, Nectarines Allowed to Enter Australia The U.S. Department of Agriculture's Animal and Plant Health Inspection Service has announced that peaches and nectarines from California and the Pacific Northwest are now allowed entry into all Australian states. "The first shipments of peaches and nectarines from California successfully landed in Australia, passed inspection and are on their way...
Report: World Trade Increased 2.2 Percent in July World trade volume index from July 2012 to July 2013. Full-size image Based on preliminary data, the volume of world trade increased2.2 percent month-over-month in July, following a 0.5 percent slip in June, according to latest World Trade Monitor report by CPB Netherlands Bureau for Economic Policy Analysis. Import and export volumes in...
Canada's Rail Freight Traffic Slid 1.8 Percent in July The Canadian railway industry carried 27.0 million metric tons of freight in July, a 1.8 percent year-over-year decline, according to Statistics Canada. Canada Rail Freight Traffic from July 2012 to July 2013. Full-size image The drop occurred despite a rise in traffic from the U.S., Canada's national statistical agency said in a...
Boxer Says Scrap US Fuels Tax, Tax Oil at Refineries WASHINGTON -The chair of a major U.S. Senate transportation committee wants to replace the federal fuels tax with a sales tax on oil at refineries, a move she says will provide a better way to boost construction of the nation's roads, bridges and highways and avoid the bankruptcy of the Highway...
Airlines for America Congratulates Marion Blakey, Recipient of the 2013 Wright Brothers Memorial Trophy WASHINGTON, September 24, 2013 - Airlines for America (A4A) the industry trade organization for the leading U.S. airlines, congratulated Marion Blakey, former Federal Aviation Administration (FAA) Administrator and current President and Chief Executive Officer of the Aerospace Industries Association (AIA), for receiving the 2013 Wright Brothers Memorial Trophy for significant public service of enduring value...
ATA's Costello: Capacity Shortage Looms for Trucking Economic growth remains sluggish, but those sectors that are doing well - housing, automobile sales, manufacturing and energy - are big generators of freight for motor carriers, according to Bob Costello, chief economist and vice president of the American Trucking Associations. If the U.S. can register two consecutive quarters of 3...
Penske Logistics Names New Director for Mexico Expansion Penske Logistics has appointed Michael Casidy to its newly created position of managing director of Mexico. In his new role, Casidy is responsible for leading and growing logistics business in Mexico. He will be based in Saltillo, Mexico, which will now function as the Mexico headquarters for Penske Logistics, the supply...
First customer benefits from new 'Quick Docking/Fuel Saving' package at Damen Shiprepair & Conversion Damen Shiprepair & Conversion has developed a new innovative product, the 'Quick Docking/Fuel Saving' package. This offers owners a fast and low-cost additional docking with the sole aim of reducing fuel consumption in between the five-year statutory survey period. The first vessel booked under the new concept has docked at Damen...
Port Jersey Logistics Hires David Platt as Facility Manager Monroe Township, NJ - Port Jersey Logistics, a leading third party logistics service provider, has hired David Platt to the position of Facility Manager. For PJL, Mr. Platt brings nearly two decades of facility management experience, during which he has accrued leadership experience in a broad range of transportation and...
NYK-TDG Maritime Academy Graduates Its Class of 2013 On September 23, the NYK-TDG Maritime Academy (NTMA) held a graduation ceremony at its campus in Canlubang, Calamba City, which is in the suburbs of Manila. Enrolled in 2009, the graduating class of 106 students completed three years of basic classes and training courses using operational simulators and an engine plant, and one year...
Heiligenstein to lead International Bridge, Tunnel and Turnpike Association (Austin, Texas) - Mike Heiligenstein, Executive Director of the Central Texas Regional Mobility Authority, has been elected President of the International Bridge Tunnel and Turnpike Association (IBTTA), the worldwide association for the owners and operators of toll facilities and the businesses that serve them. The election took place at the IBTTA...
Port Powers Full Speed Ahead Into The Social Media Era CORPUS CHRISTI, TEXAS - From the very beginning of the social media phenomena, Port Corpus Christi recognized the importance of using this new medium to expand its marketing reach. Now the Port has ramped up efforts in it's strategy to make the customer experience the latest and most user-friendly of...
Osaka Container Trade Rises The number of foreign trade containers handled by the Port of Osaka in western Japan rose 1.8 percent in the first half of this year from a year earlier to 1.036 million 20-foot-equivalent units, according to preliminary figures released by the Osaka municipal government. In the January-June period, about 460,000 TEUs...
Samskip Multimodal to Launch Netherlands-Norway Service The short sea service will depart from Rotterdam on Tuesdays.On Sept. 30, Samskip Multimodal will launch a weekly short sea service from Rotterdam, the Netherlands, to Tananger, Bergen and Ålesund on the west coast of Norway, with the deployment of the 518-TEU vessel Pioneer Bay. Netherlands-Norway route. Full-size image The short sea service...
Excelerate logs STS tally Houston-based Excelerate Energy has notched up its 500 ship-to-ship (STS) transfer of LNG.
Clearout at Seanergy Three top executives are stepping down at Seanergy Maritime Holdings after the Greek owner announced big second quarter losses.
TEN lines up offering Greece's Tsakos Energy Navigation (TEN) is to sell redeemable shares to fund potential ship acquisitions.
Irving adds 140 workers Canada's Irving Shipbuilding has announced two new repair contracts that will create 140 new jobs.
Norden sounds dry hope Norden is hopeful of catching an upturn in the larger bulker market as iron ore production increases come online.
Seanergy loses less Victor Restis-controlled Seanergy Maritime Holdings has chopped its net loss in the second quarter but remains deep in financial trouble.
Norden nets funding Norden has secured loans worth $109m to support its major newbuilding expansion plans.
Harbor Star goes low Harbor Star Shipping Services has priced its Manila IPO well below the top of its range.
SMM's new yard joy A newly opened shiprepair yard will see Sembcorp Marine almost double revenue from the segment within a couple of years.
Six-pack for Sungdong Korea's Sungdong Shipbuilding & Marine Engineering has clinched a big new contract to build eco-friendly MR tankers.
India opens up The Indian government has cleared the way for river ships to operate at sea in a bid to boost coastal trade.
Overboard from Opera A search has been called off for an MSC crewman thought to have jumped from his cruiseship off the UK.
Eimskip fights ruling Eimskip of Iceland is fighting a decision to keep it in the dark over a series of dawn raids by the country's competition authorities.
Ridgebury backer in IPO A private equity investor behind Ridgebury Tankers is looking to list its energy division in London in a move which brings former BP chief executive Lord Browne back to the capital markets.
Aegean secures $1bn Greece's Aegean Marine Petroleum Network has increased its syndicated borrowing deal to $1bn.
Cash boost for Jadroplov Croatia is ready to pump in more cash to state-owned bulker company Jadroplov.
Paragon boosts offering Greece's Paragon Shipping has increased the size of its share sale designed to fund bulker buys.
SCI shelves yard plan Shipping Corporation of India (SCI) has ditched its scheme to buy into a domestic shipyard.
Maersk orders at Daewoo Maersk Drilling has gone to South Korea for its latest jack-up order in what is likely to prove a blow for Singapore rig builders.
Deiulemar bulker arrest Bankrupt Italian shipowner Deiulemar has had one of its ships arrested by Singapore's admiralty sheriff.
SALT raises $300m Scorpio Bulkers has raised around $300m from a private placement in Oslo, the company has confirmed in a statement.
BP extends CPLP trio Capital Product Partners (CPLP) has extended the charters of three of its handysize product tankers to BP for up to three years.
TGP back at Awilco Teekay LNG Partners has agreed a second sale and lease-back deal with Awilco LNG for one of its LNG newbuildings.
TEN ties-up VLCC Tsakos Energy Navigation (TEN) has secured an eighteen month charter for one of its VLCC tankers.
Five feet more makes a difference America has fallen behind the rest of the world's developed economies in truck productivity - a fact that's largely unknown - and shippers and consumers should care because they are bearing the brunt of this shortfall through higher shipping costs, increased congestion, heightened emissions, less safe highways, and a diminished competitive position relative to foreign manufacturers...
Truck broker challenges The number of new truck broker registrations has declined for seven consecutive months this year, after first showing a decline in September 2012, according to analysis of U.S. Federal Motor Carrier Safety Administration data by MyCarrierResources.com and Interstate Transport, a brokerage in St. Petersburg, Fla.
House WRRDA bill dips into inland waterway issues
Charleston Freight Station meets new conditions
Cold train transload
Not without navigable inland waterways Neglect of the inland waterway system undermines the Midwest's ability to import and export heavy cargo, especially grain and oilseeds. Overlooking the importance of the inland waterway system is easy to do and may require a little imagination to understand...
If the space fits
Driver Shortage: Fact or fiction?
CombineNet buy caps year of big deals
Tubular logistics The stainless steel tubing manufactured by the Finnish company Stalatube is used for a variety of applications, such as building structures and facades, machinery to manufacture food and pharmaceuticals, offshore oil rigs, bus frames, and even sculptures.
Business case for TMS
Not your father's Mexico
Scrubbing away high cost fuel
Upwardly mobile
Steel and shipping When the most recent round of TIGER grants was announced in September, Duluth Seaway Port Authority in Wisconsin received $10 million to increase general cargo handling capacity by improving the 28-acre Garfield Pier and connecting it to roads and railroads.
Domestic cargo market variables
Waterfront risk management
Capturing trade facilitation's low-hanging fruit International components and inputs are key links in the supply chain for U.S. manufacturers, and effective trade facilitation will increase a U.S. operation's manufacturing activities, as well as its ability to export, import and invest...
West coast ports see bunker sales fall year-on-year Sales in July down by 36%.
IFO prices climb in Fujairah Little movement in Suez market.
Change mooted in EU LNG bunkering proposal There should be no investment in what might be underused facilities.
Tight avails in Rotterdam Quiet market in Hamburg.
Bunker prices plummet in Russian port Fuel oil prices drop by almost $100 pmt in a day.
Fujairah bunker market 'needs more regulation' 'Five years back, ship engineers had no choice but to accept the quantity and quality of fuel they received.'
LNG bunkers cheaper, study finds Study reveals substantial savings.
Bunker row being looked at 'in parallel' with EC border mission Fact finding mission due in Gibraltar as tension with Spain continues.
Bunker prices up at key Asian ports Good avails in Asian ports.
Engine developer expands into Asian shipping market Scuderi Group to be exclusively represented by Sojitz Marine Engineering in South Korea and Japan.
Honeywell forms LNG alliance To serve growing demand for liquefied natural gas as a fuel for off-road applications, including marine sector.
Russian icebreakers choose ABB propulsion systems Integrated electrical and Azipod propulsion systems will 'maximise performance' of icebreakers, says ABB.
Study: IMO regulations 'insensitive' to short sea shipping sector Ballast water management, ECAs and EEDI conventions could be moving trade to rail and truck modes.
Indian-owned vessel released from arrest Desh Vaibhav has been released from arrest at Singapore on Saturday.
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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