Carriers achieve a disappointing end-of-term report Top 10 box lines lost some $3.3bn last year
Emergency funds keep Cyprus tonnage on the move Although fleet is unaffected, some firms will take a haircut
P&I endures its toughest renewal for a generation PL Ferrari club poll makes for a gloomy read
Skuld chalks up a decade of positive underwriting results Club's unbeatable combined ratio stays below 100% for 10th year
Nickel peril Latest liquefaction incident reaffirms urgent need for improved checks at loading ports
Shipping confidence hits two-year high Latest Moore Stephens survey finds owners more optimistic
Safety first for mariners While the Bristow contract creates welcome jobs, it is hoped the excellent level of service will be maintained
Why Bristow is the best choice to take over UK search and rescue services As the military ends 70 years of service, a private helicopter contract brings advantages
Shanghai expects throughput growth to slow But expanding Chinese consumption could come as a boost
CSCL returned to profit in 2012 State-owned carrier supported by large non-operating gains
Rongsheng posts net loss for 2012 Private shipbuilder pursues offshore orders
Why we must all embrace intelligent shipping Lloyd's List Global Summit will challenge inefficiency and spearhead industry recovery
New dawn for container terminals Change is a chance for the industry to sharpen its focus, says DP World
Profits wiped out at China State Shipbuilding units Chinese state giant vows to enhance non-shipping and offshore business
One loud voice Regional shipowners, ports and other lobby groups need to co-ordinate a response to legislation
Yang Ming scrapes into the black on asset sales Company posts $1.7m net profit on $3.7bn operating income
Felixstowe takes delivery of rail cranes Equipment installed at nine-track intermodal terminal that opens this summer
China signs Russian Arctic oil and gas supply deal Rosneft agreement sees Beijing step up its Barents Sea presence
Chinese leasing companies offer new, longer-term opportunities European lenders' exit has been exaggerated, says DVB's Steeman
Asia owners slam Brussels ship recycling proposal European levy would undermine Hong Kong Convention, say critics
Cosco Pacific forecasts 5% annual growth Ports firm will not confirm interest in increasing its stake in Piraeus
Aponte holds out MSC president is right to halt boxship orders
APL names its first 14,000 teu ship Boxship owner in drive to improve fuel efficiency
Coscol fails to meet semi-submersible profit target Multipurpose vessel arm of Cosco makes loss on investments
Russia-China deal affects Kozmino cargoes RUSSIA and China have agreed to ramp up their oil trade immediately and start overland shipments of natural gas within five years
VINASHIN selling ships to pay mariners VIETNAM Shipbuilding Industry reportedly plans to sell seven vessels, all arrested overseas to settle unpaid crew wages
RSHI's profits reversed to FY12 losses HONG KONG-listed RSHI said today it is scrambling to replenish cashflow after falling hard to FY12 losses, from profits in 2011
Cheniere and Centrica sign LNG deal CENTRICA, the UK-listed energy group, said it has signed a 20-year, £10Bn ($15.21Bn) deal to import 1.75M tonnes of LNG per year from Louisiana to the UK
VLGC rates defy pick-up RATES to haul LPG on very large gas carriers are remaining stubbornly unprofitable even though chartering picked up last week
COSCO Pacific profits rise COSCO Pacific's core business unit posted a rise in profits in FY12 of nearly 15% year on year, on steady growth at its terminal and box units
PNOC shuts shipping unit LOSSES have forced government-owned Philippine National Oil to dissolve its shipping unit, PNOC Shipping & Transport
Ex-Crowley VP indicted by US CROWLEY'S former VP of price and yield management Thomas Farmer has been indicted on charges of price fixing in the US/Puerto Rico box trade
CSBC Taiwan's net profits drop 59% y/y CSBC Corp, Taiwan, said today FY12 profits were NT$707M ($23.7M), a 59% drop from NT$1.73Bn in 2011
HMD grows as mid-sized builder HYUNDAI Mipo Dockyard is gaining strength as a builder of small to mid-sized ships and is likely to be insulated from the drop in ship prices, said an analyst today
ASF opposes EU breaking audit THE ASIAN Shipowners Forum has criticised the EU's recent proposal to audit breaking yards
Panamax rates softening RATES to haul cargoes on Panamax bulkers from the Atlantic basin to the Pacific basin are showing signs of softening
Product tanker rates soften PRODUCT tanker rates began softening this week as charterers resist the bullish tide
HHI wins $2Bn offshore contract HYUNDAI HI said today it has clinched orders for two offshore facilities from Total E&P Congo for a total $2Bn
Holiday Hit Hong Kong's Trade in February Hong Kong's exports and imports of goods both decreased year-over-year in February, Hong Kong's Census and Statistics Department reported. In February, the value of total exports of goods fell by 16.9 percent from February 2012 to HK$215.7 billion (about US$27.8 billion), following a year-over-year increase of 17.6 percent in January 2013. The value...
Bahri Announces the Sale of One of Its General Cargo Vessels (Saudi Diriyah) The National Shipping Company of Saudi Arabia (Bahri) announces that in connection with the fleet replacement program for the general cargo, the Company has sold on Saturday 23rd March 2013 its general cargo vessel (Saudi Diriyah) for scrapping after completing her useful life for a sum of SAR. 30,257,136 generating...
Mexico's Manufacturing Supply Chain Summit This event represents a cooperative effort between MexicoNow and the new Borderplex Alliance. A supply chain is a system of organizations, people, technology, activities, information and resources involved in moving a product or service from supplier to customer. Supply chain activities transform natural resources, raw materials and components into a...
Coalition of NE Companies for Trade Conference Next Week The Coalition of New England Companies for Trade (CONECT) hosts its 17th Annual Northeast Trade & Transportation Conference ("T&T") on April 2-4. The two-and-a-half day conference features dozens oftrade and transportation executives covering critical industry issues via keynote addresses, live webcast, panel discussions, "town hall" meetings and a packed Off-the-Record...
IMarEST 110th Annual Dinner a Resounding Success Around 400 guests from over 15 countries attended the 110th Annual Dinner of the Institute of Marine Engineering, Science and Technology (IMarEST) on Friday 22 March in the Great Hall of London's historic Guildhall. The dinner marked the first public duty of the 111th President of IMarEST, Andreas Chrysostomou, who committed...
OOCL Unveils 8,888-TEU Vessel in Shanghai OOCL Memphis.OOCL today unveiled its new OOCL Memphis in Shanghai. The 8,888 20-foot-equivalent unit vessel will be used on the Super Shuttle Express service in the trans-Pacific trade connecting Asia and North America. It is the fourth of eight 8,888-TEU vessels that OOCL has commissioned Hudong-Zhonghua to build. The ship's 42-day port...
Customs Looks Outside the Box Washington appears to be finally waking up to the growing need to speed up the movement of goods across the U.S.-Mexico border. Long and capricious wait times for trucks cost both economies billions of dollars annually and hinder the advantages - shorter supply chains and cheaper transportation costs - manufacturers have...
Long Beach Breaks Ground on Green Port Gateway LONG BEACH, Calif. - Demonstrating the importance of intermodal rail to Southern California, the Port of Long Beach on Tuesday broke ground on an $84 million project to add tracks and a support yard for on-dock rail operations. Chris Lytle, executive director, said Long Beach in the coming decade will spend more...
AAPA Names Yoshitani as Chairman The American Association of Port Authorities' board of directors has elected Tay Yoshitani, CEO of the Port of Seattle, as chairman. Yoshitani will assume the uncompensated position at this fall's AAPA convention in Orlando, Fla. He has been CEO of the Port of Seattle since 2007. Yoshitani is former chief executive of...
FedEx Express Adds Electric Vehicles in Hong Kong FedEx Express has added 10 new all-electric commercial vehicles in Hong Kong. The 10 vehicles will be deployed this month, forming the first fleet of zero-emission, all-electric vehicles for FedEx in the Asia-Pacific region. They join more than 650 alternative-energy delivery vehicles already in the FedEx global fleet. FedEx expects to have about...
Vallarpadam Terminal Gets Transshipment Service DP World's Vallarpadam terminal in India today received its first transshipment mainline service. This follows the Indian government's waiving cabotage regulations for the terminal. Until now, those regulations have prevented mainline services from transshipping at Vallarpadam and instead made them transfer to local carriers. The International Container Transshipment Terminal, also known as...
US Diesel Prices Down for Fourth Consecutive Week U.S. diesel prices fell for the fourth straight week during the week of March 25, according to the U.S. Energy Information Administration. Diesel prices have dropped 3.7 percent or 15 cents in the past four weeks. U.S. diesel prices through March 25, 2013. Full-size image.The average price, $4.006 per gallon, is...
Virginia Port Authority Spurns Privatization Bids The Virginia Port Authority's board of commissioners turned down two bids to buy the leases of the ports' container terminals and voted instead to restructure its operating company and overhaul the port's long-term strategy. The VPA commissioners' decision at their board meeting Tuesday follows an extensive 18-month review of port operations,...
Survey: Shipping Confidence at Two-Year High Overall confidence levels in all sectors of the shipping industry recovered to their highest level in two years in the three months ended February, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. The survey found an improved expectation of freight rate increases over the...
Evergreen Line to Launch Intra-Asia Service Evergreen Line will launch a new service linking South China, the Philippines and East Malaysia in mid-April. The new loop will also connect to Evergreen's network via Hong Kong. Two ships with capacity of 1,700 20-foot-equivalent units will be deployed on the service. The first sailing is planned from Shekou, China, on...
Apples Lead US Organic Exports Higher U.S. exports of certain organic products expanded 8 percent year-over-year to nearly $450 million in 2012, driven by gains in apple shipments, which offset declines in grapes and cherries. Canada and Mexico remained top markets for most of the selected organic trade, although exports to the European Union could expand following...
Ex-Im Bank, California Trade Association Sign Marketing Deal Monterey Bay International Trade Association has signed a City/State Partners program contract with the Export-Import Bank of the United States to accelerate export business by connecting bank products and services to the organization's network of entrepreneurs and financial institutions in the counties around San Francisco and its ports. The purpose of...
Rotterdam, Inland Shippers Aim to Increase Efficiency NextLogic will launch at the Port of Rotterdam at the end of 2013.At the end of 2013, representatives of inland shipping operators, seaport terminals, depots, shipping companies, hinterland terminals, the Port of Rotterdam Authority and the Netherlands' Ministry of Infrastructure and the Environment will launch a trial aimed at reducing inefficiencies...
Harold, Hunter and Hockey Depending on your age, the recently announced contract between the International Longshoremen's Association and United States Maritime Alliance could be considered "your father's" (or grandfather's) labor deal. Labor received wage and benefit improvements, while management achieved minimal concessions on other issues. This is reminiscent of the postwar era, when organized labor...
AdvanFort Names Angelopoulos Business Development Manager AdvanFort has named Dimitrios Angelopoulos, a retired Hellenic Navy submarine commander, as its new business development manager. His initial focus will be on maritime security opportunities in Italy, Greece, Germany and Spain. Before joining the maritime security company, Angelopoulos worked for Hellenic Shipyards as the project manager for the 214-type submarine contract...
Yang Ming scrapes into the black on asset sales TAIWAN's Yang Ming Marine Transport reported slender net profit of $T51.4m ($1.7m) for 2012, versus a loss of $T9.4bn in 2011, but managed to return to the black, ...
Felixstowe takes delivery of rail cranes THE Port of Felixstowe has received three Liebherr manufactured rail-mounted gantry cranes as part of an expansion of its rail facilities that will double capacity.The ...
Hapag-Lloyd and Hamburg Sud halt merger talks [update]
Disappointing end of term report for carriers Most ocean carriers that report have now posted their 2012 full-year results - some container lines did well, but many underperformed and must do better in the ...
APL begins its slot cost squeeze The Singapore-headquartered Neptune Orient Lines' container arm APL has officially named the first in a series of ten 14,000 teu ships which it claims will help ...
FBI probes cruise death The US Federal Bureau of Investigation has launched an investigation into the death of a passenger on a Royal Caribbean cruiseship.
Exmar to book $56m gain Exmar said it will log a $56m gain as a result of its joint venture with Teekay LNG.
'Credible recovery' started A credible recovery in the shipping sector is starting to take hold, Moore Stephens suggests today.
SeaMar adds a third SeaMar Subsea of the Netherlands is adding a third vessel to its owned fleet with a newbuilding order at a compatriot yard.
Neste axes 124 Finnish tanker owner Neste Shipping is chopping 124 jobs in a bid to secure its operations.
Norden adds another Norden has hoovered up another panamax bulker on a period contract.
Alam wins subsea gig Alam Maritim has bagged a major subsea contract from an independent oil and gas operator.
Maersk sells out bond Danish shipping group AP Moller-Maersk has raised £300m ($454.7m) from its UK bond issue.
Manila mission Taiwan's Evergreen is launching a new boxship run to the Philippines and Malaysia as intra-Asian demand grows.
Scorpio scores six Scorpio Tankers has continued its buying spree with a $300m product tanker order across two South Korean yards.
Gamble set to pay off What do you get if you cross a $2.6bn investment in eco ships and one of the industry's shrewdest investors?
From Gaddafi to Loren A ship originally ordered by Muammar Gaddafi's deposed Libyan regime has been christened by Italian actress Sophia Loren after being bought by MSC.
Unibaltic adds one Poland's Unibaltic has expanded its fleet by buying a modern Turkish tanker.
Yang Ming raising cash Taiwan containership owner Yang Ming is lining up a bond sale to reduce other debt.
Claren in Scorpio strike Claren Road Asset Management has taken a major slice of rapidly expanding shipowner Scorpio Tankers.
Cosco Pac profit dips Cosco Pacific has blamed its container manufacturing division for a drop in full-year earnings.
GSI's profit battered Crashing ship values have clobbered full-year profit at Guangzhou Shipyard International.
Cargoship abandoned A Chinese cargoship has been abandoned by its crew after a collision with another vessel off Taiwan.
SBM seals the deal SBM Offshore has closed out a lucrative deal with Petrobras for a pair of floating production and storage units.
CSCL bounces back China's CSCL has returned to profit for 2012 as rates improved.
Greeks fled Cyprus banks Greek shipowners were proactive in moving cash away from accounts in debt-ravaged Cyprus, according DNB.
Guards back in India Italy has sent two of its marines back to India to stand trial for the murder of two fishermen from the tanker Enrica Lexie last year.
Nakilat in Algeria venture Qatari shipping company Nakilat has teamed up with Algerian state energy firm Sonatrach on a broad agreement covering transportation of LNG and LPG.
Rongsheng turns red Sluggish orders, falling prices and delivery delays added up to a first annual loss in almost half a decade for China Rongsheng Heavy Industries.
Reduced visibility Shipowners have been advised to use caution when operating in Singapore waters due to reduced visibility caused by haze.
Georgia frees Turkish ship A Turkish cargoship has been released by Georgian authorities after it was held while leaving the breakaway region of Abkhazia.
New line to Jeddah Tunisia and Saudi Arabia are setting up a new shipping line for runs between Tunis and Jeddah.
3 Maj eyes aframaxes Croatian shipyard 3 Maj is close to winning a key domestic order for two aframaxes.
Hyundai in $2bn haul Hyundai Heavy Industries has won orders for two offshore newbuilding projects worth $2bn, it said Tuesday.
Ray behind HMD PCTCs Ray Shipping has emerged as the likely owner behind a series of pure car/truck carrier (PCTC) orders at Hyundai Mipo Dockyard.
CNCo back at Chengxi China Navigation Company has returned to Chengxi Shipyard in china to order four more handysize bulkers.
Sabine signs up Centrica British energy firm Centrica has signed a long-term deal to import US LNG from Cheniere Energy's Sabine Pass.
NEWSFLASH: VPA rejects outsourcing offers in favor of reorganization The Virginia Port Authority Board of Commissioners voted today to restructure the state-owned operating company, Virginia International Terminals, instead of outsourcing cargo and vessel-handling operations at the Port of Virginia to private terminal management firms, the VPA said in a statement issued this afternoon.
Home Depot punches up online sales The building supplies retailer recently achieved $1 billion in e-commerce sales out of its $70 billion of annual revenue, and officials are making strides to connect this aspect of its supply chain strategy with more traditional retail sales.
US Air approves OnAsset tracker
RFID providers join forces
CMA CGM will open inland port in Iraq The French liner carrier said it will manage and operate the terminal, giving customers the opportunity to clear their cargo through customs near Baghdad instead of the Umm Qasr seaport.
Saudia adds 747-8 freighters Saudi Airlines Cargo has taken delivery of the first of its two Boeing 747-8 freighters, which will enter service in May. The carrier will add the second aircraft to its fleet by the middle of June. Both will fly on Asia-to-Europe routes.
Rickmers to boost vessel calls at Philadelphia
February a slow month for Asian air cargo
Analysis: Eyes on VA port as it decides today on new business model
COSCO Pacific sees growth in terminals, container leasing
Emissions, an increasing factor in carrier procurement decisions
Ex-Im Bank, California trade group join forces
U.S. supports Boeing plane exports to El Al
Bahri sells aging cargo ship for scrap
DHL opens healthcare shipment facility in Spain
Florida Coastal starts logistics, transport law program
Hochberg re-nominated to lead Ex-Im Bank Under Hochberg's leadership in fiscal year 2012, the bank for the fourth-straight year set export finance records in a number of key areas. Overall financing for the first time exceeded $35.8 billion in authorizations.
Washington Notebook: Tax reform could limit financing tool for ports
Ex-Crowley executive indicted in Puerto Rico price-fix probe
Environment back on IMO's Polar Code agenda Proposals to ban HFO in the Arctic and address black carbon referred to the MEPC.
Little price movement seen in Fujairah Suez prices softer on Tuesday.
Tight avails reported in Rotterdam Bunker markets in Europe mostly firm.
LSFO supply at South Korean ports increasing Hyundai Oilbank will offer product across county's ports by June.
Shipping told: Be careful in Singapore 'haze' Reduced visibility holds possibility of loading schedule disruption.
Bunker prices display mixed picture in Asia Prices strengthened across all grades in Singapore.
Middle East bunker exports 'not growing fast enough' Widening gap between demand and supply causing rise in bunker prices, says Chairman of Facts Global Energy.
2014 emissions deadline issued to US steamship 'Sophisticated' ash retention system chosen for Badger.
Transnet mulls bunkering operations at Ngqura Development forms part of a $32 billion expansion plan.
Oil spill cleanup completed on Yangtze River CMA CGM ship involved in spill expected to dock at Yangshan Port.
Shipowners at 'operational disadvantage' while slow steaming Ship managers have 'important role' in reducing fuel consumption, says Bibby Ship Management.
Frontline 2012 in aggressive orders for 'eco-ships' Firm is investing $2.6 billion to create a large fleet of fuel-efficient vessels.
Chimbusco to offer bonded 500 cSt grade at Qingdao Demand for 500 cSt in China increasing, says local source.
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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