Top-tier law firms move into shipping White & Case seek top-end finance work, partner confirms
Payment dispute leaves two STX Pan Ocean ships stranded in China Satellite data shows STX Patraikos and Maliakos at anchor off Qingdao
Room for both Shipping law firms can survive a 'white shoe' kicking
Maersk Line benefits from Malaysia commodity storage solution Tanjung Pelepas operation will slash delivery times as firms set up base in Singapore
Love thy neighbour Two Sudans, one littoral state spells trouble for east Africa oil exports
South Sudan exports first crude in more than a year Aframax ships cargo to China
Expanded Jebel Ali box terminal opens for business DP World celebrates new capacity at its flagship port
Star Bulk books three bulker slots Greek owner uses rights issue proceeds to fund new tonnage
Shipping bears gifts for Greek economy Most owners expected to support voluntary extra tax contribution
Shipping reshuffle leaves shipowners' hand unchanged Observers say ministerial move is mainly about balancing factions within Prime Minister Samaras' New Democracy party
Court orders auction of two CSC Phoenix bulkers Ruling sets a precedent for four similar suits involving 36 bulk carriers
Torm tanker charter boosts Mediterranean aframaxes Europe's southern market heats up as Baltic cools
Idled boxship fleet shrinks, but is this the lull before the storm? Smaller vessel sizes show the biggest week-on-week reduction in laid-up tonnage
Salvors tow MOL Comfort's forward section to refuge port Cargo interests seek protection with London law firm Clyde & Co
Tufton buys stake in d'Amico Move highlights growing private equity backing for product segment
Conti halts investors' payouts on KG funds with STX Pan Ocean charters Troubled South Korean dry bulk giant owes more than $15m to German firm
Arison steps down as Carnival chief executive Cruise giant hires Canderel boss to top job
HK bulker held for illegal entry in Cebu HONG KONG-flagged bulker Ming Yuan is today being detained in the Philippines, whose authorities said its crewmen failed to show entry documents
Passengers saved from ferry RESCUERS have saved 127 passengers after their ferry had engine trouble off Cebu, the Philippine Coast Guard told Fairplay today
Odfjell, Founder sign tank terminal deal ODFJELL Terminals today signed a JV deal with Founder Group to develop a petrochemical tank terminal at Quanzhou, in China's Fujian Province
Shortsea misses holiday lift OWNERS and operators of shortsea general cargo and minibulk tonnage in Europe look increasingly exposed this week as the summer holidays near
Atlantic pellet trades post brisk growth EASTBOUND North America/Europe liftings of wood pellets are in for more strong growth this year, driven by a shift to renewable fuels by European power plants
Aegean expands lubes unit NYSE-listed ship refueller Aegean Marine Petroleum Network is expanding its marine lubricants unit
PETRONAS eyes more Malaysian FLNGs MALAYSIA'S government-owned oil and gas producer PETRONAS could have at least two more floating LNG projects to monetise stranded gas reserves
Small FLNG projects emerge SMALL and mid-scale FLNG vessels can be viable means to monetise small offshore gas fields due to their lower costs, an industry conference heard today
Swissco to expand fleet SINGAPORE-listed Swissco said today it will add three crew boats to its fleet as it sees "heightened activity" in the offshore marine sectors
Evergreen adds services TAIWAN'S box carrier Evergreen said today it plans two new services
CTS: Indian Subcontinent Exports to South America See First Drop in Six Months Containerized exports from the Indian subcontinent and the Middle East to South and Central America declined in April 2013, the first negative year-over-year change since October 2012, according to data from Container Trades Statistics. In four of the past six months, volume in this lane rose by more than 10...
Some Signs of Improvement in Asian Air Cargo Air cargo operators in Asia are now finally seeing a few shafts of light after more than a year of gloom. Figures from Hong Kong International Airport revealed that exports, transhipment traffic and freight movements to and from North America all performed well last month. May figures from the Association of Asia...
UPS, Teamsters Face Tight Deadline in Talks UPS promised to move quickly to resolve disputes with Teamsters employees who defeated more than a dozen regional supplements and riders to its national package contract and rejected a tentative contract at less-than-truckload carrier UPS Freight. The good news for UPS and shipper customers is UPS Teamsters approved the national multi-year...
DP World Opens Expanded Terminal at Jebel Ali The new extension to Container Terminal 2 at Jebel Ali Port adds 1 million TEUs of capacity.The 14,000-TEU MSC La Spezia arrived at DP World's Container Terminal 2 at Jebel Ali Port on Wednesday, marking the official opening of the terminal's expansion. DP World Chairman Sultan Ahmed Bin Sulayem officiated the quay-side...
Port of Houston's Container Tonnage Rises Container tonnage at the Port of Houston Authority rose 10 percent year-over-year in May and 9 percent year-to-date, totaling 8 million tons, according to Len Waterworth, the port authority's executive director, who made the announcement at a port commission meeting. Waterworth also reported that operating revenue was a record $20 million...
Freight Volume Jumps at Dubai Airport Dubai International Airport in the United Arab Emirates moved 209,985 metric tons of freight in May, up 11.9 percent from a year earlier. Cargo volume during the first five months jumped 11.6 percent, to 994,817 metric tons....
Brazil's Paranapanema Making Truck-to-Ship Switch After Hijackings Paranapanema, a refined copper producer in Brazil, is switching its domestic shipments from trucks to ocean freighters after 15 of its truck loads were hijacked in 2012, according to Edson Monteiro, the company's interim CEO, Bloomberg Businessweek reports. The company is currently transporting 65 percent of its domestic deliveries of products,...
Pritzker Sworn in as US Commerce Secretary Penny Pritzker was sworn in today as the United States' 38th Commerce Secretary. As part of President Obama's economic team, Pritzker will lead the U.S. Department of Commerce. She was nominated for the position in May. Pritzker is a civic and business veteran with more than 25 years of experience in the...
Union Pacific Railroad Named 2013 Best Diversity Company Omaha, Neb., June 26, 2013 - Union Pacific Railroad has been named a 2013 Best Diversity Company by the readers of Diversity Careers in Engineering and Information Technology for the fifth consecutive year. The magazine honors companies, government agencies and other organizations for their support of minorities and women, attention...
JAS Worldwide Adopts CargoWise to Launch Project Everest Chicago, US, June 21, 2013 - CargoWise®, a global leader in technology solutions for logistics service providers (LSPs), announced JAS Worldwide is set to adopt CargoWise software across all JAS offices globally following a highly successful pilot in the company's Indian, UK and Australian offices. Project Everest is part of a companywide...
DHL Freight Launches GreenLink DHL Freight, the road freight division of Deutsche Post DHL, is launching a global lead logistics provider service under the new brand name "GreenLink." GreenLink will consolidate DHL Freight's current and future LLP accounts across the world. DHL Freight currently has about 60 LLP customers in Europe, the US and Asia. "Bringing...
Horizon Lines Seeks Shipyards to Repower Steam Cargo Vessels Horizon Lines has issued six requests for pricing to U.S. shipyards and six RFPs to foreign shipyards for a project that will convert the power plants on two of its steam turbine cargo vessels to modern diesel engines capable of burning conventional liquid fuels or liquefied natural gas. "We are viewing...
Holt Logistics Awards Scholarships to Four Gloucester City Students GLOUCESTER, N.J. - Leadership and military veterans from Holt Logistics Corp, as well as Gloucester City Mayor William James and city officials, gathered today to present four graduating seniors from Gloucester City with $500 scholarships each to be used for their matriculation to the United States Military Academy at West Point and the Naval Academy in Annapolis in...
Capt. Wei Met With JOC Delegation On June 20, Capt. Wei Jiafu, Chairman of COSCO Group met with visiting delegation of Journal of Commerce Group headed by its CEO Gavin Carter and Executive Vice President Peter Tirschwell. Both parties reviewed the long-time cooperation in the World Shipping (China) Summit and exchanged views towards the current global maritime...
Intermarine, LLC promotes Fernando Maruri to Director, Latin America Sales HOUSTON, Texas (June 19, 2013) - Intermarine, LLC (Intermarine) today announced the appointment and promotion of Fernando Maruri, to Director, Latin America Sales. Mr. Maruri, a native of New Orleans, Louisiana, has been with Intermarine for almost 20 years and has held positions in documentation, operations, chartering and sales before...
Report: Used Class 8 Truck Orders Fell in May Volumes for used Class 8 trucks in North America slid in May, driven by the retail market declining 4 percent month-over-month, according to the latest release of the "State of the Industry: U.S. Classes 3-8 Used Trucks," published by ACT Research. "The average selling price of total reported Class 8 trucks...
Univan Wins Ship Manager of the Year at the Seatrade Asia Awards 2013 for second year in a row Univan, the first name in shipmanagement, has been named as the Ship Manager of the Year at the Seatrade Asia Awards 2013 at a gala dinner ceremony in Hong Kong. "To win this award is a great honour and to retain the award for a second consecutive year makes it even...
FedEx Adds 1,900 New Lightweight, Fuel Efficient Vehicles to Fleet MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Express, a unit of FedEx Corp. (NYSE: FDX) and the world's largest express transportation company, continues rapid progression towards its recently-increased vehicle fuel efficiency goal by adding 1,900 new fuel efficient vehicles to its fleet. In 2008, FedEx Corp. set the U.S. transportation industry's first fuel efficiency goal...
Parana grounding South America's Parana River was blocked in both directions today after a handysize bulker ran aground.
Seadrill hunts Sevan John Fredriksen-controlled Seadrill is exploring a share purchase that would allow it to take over rival Sevan Drilling.
Carnival to scrub Carnival Corp plans to install scrubbers on its ships to mitigate the massive fuel cost increases it expects from the implementation of strict emissions rules in 2015.
Tanker heads for scrap Vietnam Tanker (Vitaco) has sold a 1988-built products carrier for scrap.
Crowley heads east Crowley Maritime Corp is ordering up to four heavy deck cargo barge newbuildings to support its expansion in the Asia Pacific market.
'King of Commodities' dies Billionaire Marc Rich, known as the "King of Commodities" and founder of the company that became global powerhouse Glencore, has died of a heart attack near his home in Switzerland aged 78.
"No firesales" German lender Commerzbank has said it will exit shipping in a controlled manner as it sought to reassure investors.
Canal is no joke A Chinese businessman awarded a contract to build a $40bn ship canal through Nicaragua has said the project is no joke.
Crewman found dead A Ukrainian engineer stuck on a dredger for five months off India has died.
Odfjell in China move Odfjell is making its fourth foray into the Chinese terminal arena after linking up with a local company to develop a petrochemical facility in Fujian Province.
Casual collision Poor watch-keeping due to complacency has been blamed for a serious collision off the Dominican Republic in 2012.
Global deeper in the red Struggling Global Carriers of Malaysia slumped deeper into the red in the first quarter, it revealed today in a delayed set of financial results.
Zim spin-off planned Idan Ofer-controlled Israel Corp, the owner of container line Zim, could split into two companies to boost shareholder value.
Voyager still troubled Power generation problems on an All Leisure Group cruiseship will take longer to fix than it first thought.
Tufton takes DIS dip Tufton Oceanic has taken a stake in product tanker specialist d'Amico International Shipping.
Nobu wins court cash Nobu Su and seafarers onboard two detained TMT vessels finally have reason to celebrate today after a US court ordered Taiwanese banks to free up money for fuel and supplies.
Wallenius takes two Wallenius Lines has signed a long-awaited newbuilding contract after booking two post-panamax vessels in China.
More debts for duo Restructuring Vietnamese companies Vinashin and Vinalines owe more than $17m to the country's social insurance fund.
Two for Taizhou Kouan China's Taizhou Kouan Shipbuilding has won a deal to build its biggest boxships yet.
Gdansk under threat A creditor has filed for the bankruptcy of Poland's Gdansk Shipyard over unpaid bills.
Euroseas wins approval Shareholders give green light for reverse split of Nasdaq-listed owner's stock
Zenith hit by fire An engine room fire has disabled a cruiseship belonging to Royal Caribbean's Spanish cruise subsidiary Pullmantur.
Reports say Israel Corp. spinoff would include Zim Press reports in the Financial Times and Reuters cited a filing with the Tel Aviv Stock Exchange that they say indicated Israel Corp. is planning to spin off its non-chemical businesses into a new company that would include Zim.
Report urges Ex-Im Bank domestic content rules reform The Coalition for Employment through Exports said on Tuesday changes to the U.S. Export-Import Bank requirement could help boost the competitiveness of U.S. exporters and support U.S. trade-related employment.
Crowley's solutions group expands in Asia The company said it will increase its activity in the market by opening a new project management office in Singapore and building two new heavy-lift deck cargo barges for dedicated use in the region.
UPS, Teamsters seek agreement at local level
U.S. freight advisory panel convenes for first time Its initial mission will be to help DOT come up with a national freight strategic plan as required by law and recommend what the administration needs in the next surface transportation bill to be debated during the next year.
Large domestic carriers reducing use of brokers
U.S. GDP was only 1.8% in 1Q
Atlanta-based forwarder to use CargoWise
Liverpool starts construction of new terminal
Swissport seeks legal recourse in Ukraine
Europe drops certificate for U.S. pharmaceutical shippers
MGO avails tight in Fujairah Mixed picture in South African ports for second consecutive day.
Prices lose direction in Northwest Europe Market remained quiet in Rotterdam.
Bank denies 'fire sale' of shipping portfolio But market jittery as 'shipping bankruptcies and voluntary liquidations reach highest levels in recent memory'.
Nicaraguan canal 'for real', says businessman Work to start next year for completion by 2020.
MOL: Oil seen but not 'large volume' Shipping company says one half of striken ship now under towage.
North American ECA 'triggered rise in off-spec LSFO' DNVPS says need to blend more low sulphur material has put pressure on suppliers.
TMT to pay up on bunkers Allow bills to be settled, court tells banks.
Mid-week IFO prices take fall Bunker supplies at key Asian ports largely fine.
Shipyard unveils LNG-fuelled offshore Arctic supply vessel Vessel will feature a veritable 'double-bow' for different operational roles, says Damen Shipyards.
Save time and money with accurate credit decisions, advises analyst Credit management 'is an extension of the risk we manage everyday', says MD of Ocean Intelligence.
LSFO bunker demand at Singapore stable, says Petrobras LFSO demand averaging at 50,000 mt, says Petrobras bunker trader.
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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