China valemax ban could be removed Government consults new berthing regulation
Currency volatility adds to demolition market woes Fluctuations in Indian and Pakistani currency adds to existing issues wreaking havoc in key South Asian markets
Maran inks two BG-chartered LNG carriers at HHI Owner's programme of tri-fuel diesel electric LNG carriers newbuilds increased to 19
Safe Bulkers in no hurry as bulker prices rise Greek owner pledges to stay opportunistic in acquiring further vessels
Shanghai Free Trade Zone Approved Shanghai has won approval from China's State Council to set up a pilot free trade zone, according to a Ministry of Commerce statement. A general plan governing the operation of the free trade zone, which spans 28.78 square kilometers in Waigaoqiao Free Trade Zone, Waigaoiao Free Trade Logistics Park, Yangshan Free...
JOC Group Inc. Confirms TPM Asia Keynote Speaker, Evergreen's Bronson Hsieh NEWARK, N.J., Aug. 21, 2013 - JOC Group Inc. today announced that Evergreen's Vice Group Chairman Bronson Hsieh will deliver the opening keynote address at its upcoming TPM Asia conference in Shenzhen, China on Oct. 16-17. Now in its seventh year, TPM Asia attracts close to 600 attendees including top...
Port of Los Angeles "AA" Bond Rating Affirmed by Standard & Poor's SAN PEDRO, Calif. - August 26, 2013 - As evidence of its continued strong financial position and overall stability, the Port of Los Angeles has been affirmed an "AA" long-term bond rating by Standards & Poor's (S&P). "AA" is the highest rating given to a port without taxing authority. "Achieving the highest...
Shipping Corp. of India Plans India-Europe Rate Hike Shipping Corporation of India has announced a general rate increase in its westbound trade from the Indian subcontinent to Europe, starting Sept. 1. The planned increase will be $300 per 20-foot container and $600 per 40-foot container, applying to all shipments from the subcontinent to North Europe, the Mediterranean, the Black...
Federal Court Bars LA Employee-Driver Mandate After five years and numerous appeals, the American Trucking Associations' lawsuit challenging certain provisions of the Port of Los Angeles clean trucks plan has been put to rest, with harbor trucking interests scoring a powerful victory. However, the nation's largest port also achieved its primary objective, because truck pollution in the...
Peake Objects to Proposed Antitrust Sentence Former Sea Star Line President Frank Peake, convicted of price-fixing in the Puerto Rico domestic trade, has challenged sentencing guidelines he said would give him the longest prison term of anyone ever convicted of an antitrust violation. In a document filed in U.S. District Court in San Juan, Peake's attorneys said...
Walmart Transportation's Gary Harms is 2013 Bendix National Truck Driving Grand Champion Salt Lake City, Utah - Gary Harms, a Walmart Transportation professional truck driver based in Olathe, Kan. was named the 2013 Bendix National Truck Driving Championships Grand Champion. Gary's driving skills and knowledge of transportation and truck safety information topped those of 422 other professional truck drivers from all across the United States in...
Jaxport Presses On With Mile Point Project Fix The Port of Jacksonville is still determined to get deeper water needed to handle heavily loaded, larger container ships that will be able to transit the expanded Panama Canal. But the Jacksonville Port Authority, now guided by a former Horizon Lines executive, is tweaking its strategy to better focus on...
Hamburg Süd Ship Christened in San Francisco Left to right: Jürgen Pump, Daniela Oetker, Alexander Oetker, Capt. Mihail Mocanu, Joseph E. Gallo, sponsor Ofelia Gallo, Heino Schmidt, Sarah Gallo, Joseph C. Gallo, Mike Wilson.Hamburg Süd has christened a ship in the U.S. for the first time in the company's history. The container ship Cap Corrientes was christened Aug....
Damco Names Israel CEO for Latin America Samuel Israel, Damco's new regional CEO for Latin AmericaSamuel Israel has been appointed regional CEO for Damco's Latin America region. "Latin America offers great potential for our supply chain management expertise," Damco CEO Rolf Habben-Jansen said in a written statement. "We have ambitious plans on developing Damco throughout the region, notably...
Banks Press for Sale of German Shipowner Ahrenkiel The crisis engulfing German owners of container ships deepened with reports that Ahrenkiel, a leading charter operator, is being pressed by its bankers to put itself up for sale. At least three rival owners are weighing an offer for the Hamburg-based company, according to the Frankfurter Allgemeine Zeitung. HSH Nordbank, Ahrenkiel's biggest...
Great Lakes Shipyard to Fabricate New Floating Breakwater for Whiskey Island Cleveland, Ohio. Great Lakes Shipyard has been awarded a contract by Whiskey Island Marina to fabricate a new floating breakwater. The Shipyard will fabricate two (2) 150' long steel cylindrical modules that will be bolted together and anchored in the lake bottom in front of the marina. The project is to...
PANOPA Group growing in Hungary Duisburg/Gyor, 26 August 2013 - A well-known German automaker has contracted PANOPA Logistik Magyar Kft. in Gyor, Hungary to perform extensive transport and logistics tasks. The services that the Hungarian company belonging to the PANOPA Group will carry out for the OEM include operation of a warehouse measuring over 60,000...
Hope fades for Hanjin Hanjin Shipping is unlikely to shed the red ink in 2013 due to persistent pressure from the glut in containership capacity and weak demand, according to analysts at Drewry Maritime Equity Research.
Triton vets tankers Shell appears to be on the fringe of losing its long-time monopoly on the marine fuel market in the Bahamas.
Ezra in denial Ezra Holdings is denying reports suggesting it may have been target of an failed takeover attempt led by Samsung Heavy Industries (Samsung) of South Korea.
Morgan Stanley cuts STNG A leading investment bank downgraded Scorpio Tankers (Scorpio) Monday in response to growing concerns about the shipowner's rapid expansion campaign and soaring share price.
The end of shipping Shipping is so outmoded that it is being cleared from one of the UK's top museums to make way for something more relevant to the way we live now.
Solstad profit soars Norwegian offshore support vessel owner Solstad has reported an almost fourfold rise in quarterly earnings.
KNOT reverses loss KNOT Offshore Partners of the UK turned in a second-quarter profit Monday and reassured investors that a surplus in the shuttle tanker market should be short lived.
Ardmore in Vitol deal Ardmore Shipping is to put six medium range product carriers into a pooling and time charter arrangement with Mansel, the shipmanagement arm of the Vitol oil trading group.
OSX shows CEO the door Troubled Brazilian shipyard OSX has ousted its chief executive officer less than two weeks after reporting soaring losses.
Copter crash boosts OSVs Grounding of a widely used North Sea helicopter model following a crash which claimed the lives of four oil workers has had an immediate impact on the offshore vessel market
HMM under pressure Hyundai Merchant Marine is likely to tap financial markets to ease liquidity issues to make it through the downturn.
Temas bins another Indonesia's PT Pelayaran Tempuran Emas, better known as Temas Line has reportedly sent another boxship to the scrapheap.
GOGL scotches rumours Golden Ocean has poured cold water on rumours that it has made another foray into the second hand capesize market.
Bechtel looks to Africa The big Bechtel construction and engineering group has unveiled a plan to open African ports to capesize and even valemax bulk carriers.
Ardmore begins at buy Jefferies has kicked off coverage of New York Stock Exchange newcomer Ardmore with a buy rating on the product tanker owner.
Glenn tanker grounds The authorities in the Philippines are investigating the grounding of a small Singapore owned products carrier over the weekend.
TGP eyes bond raid Teekay LNG Partners (TGP) is looking to tap Norwegian bond investors in its latest round of fund raising.
TMT blames bankers Nobu Su's TMT says vehicle exporters are facing losses as a result of legal action by banks to detain one of its PCTCs.
Jaya in Africa jaunt Jaya Holdings has secured a further long-term charter for one of its offshore vessels - this time from East Africa.
Prosafe profit up 53% Prosafe, the world's largest operator of floatels, has reported a near 53% jump in second quarter results.
Freddie fraudster jailed A chief engineer who tried to defraud John Fredriksen's Frontline in a bunker scam has been sent to jail in Singapore.
Samsung eyed Ezra Samsung Heavy Industries is said to have considered making a takeover bid for Singapore's Ezra Holdings.
Employers to seek more workers at Port of NY/NJ The recently-approved contract between employers and the ILA encouraged retirement of some older longshoremen with a buyout package, and 300 longshoremen will retire in the Port of New York and New Jersey by next April.
LAN Cargo unveils app
Drewry: Air cargo rates remained depressed in July
Bechtel unveils offshore container port concept for Africa The design, which Bechtel dubs the Multi-User Offshore Hub, is designed for two or more users and consists of an offshore terminal arrangement and docking system that can accommodate oceangoing vessels and barges.
Virginia wine exports make strong gain International sales of the Mid-Atlantic state's wines grew by more than 74 percent in fiscal year 2013, ended June 30, to more than 5,800 cases, Gov. Bob McDonnell's administration announced this month.
Energy firm to build crude rail facility Genesis Energy is planning to break ground on a crude oil railroad unloading facility in Raceland, La., at a price of less than $75 million. When completed in 2014, the facility will be capable of processing two train units per day.
Seago Line to stop Iceland service
Great Lakes ship volumes dip in July
Road Systems becomes Con-way Manufacturing
Ex-Im Bank authorizes $105.4 million for SpaceX exports
Ship orders shifting container recovery to the future
ABS forms global gas solutions team 'The discovery of new gas resources around the world and the exciting potential for wide-scale adoption of gas as a marine fuel are leading to a dynamic shift in the global marketplace.'
Bunker trading firm founder passes away Ian Taylor & Company founder Ian Barry Taylor MacAuliffe passes away at the age of 75.
Prices move little in Fujairah Prices lost direction in Suez.
Market quiet in Rotterdam Prices crept up in Piraeus.
Second bunker tanker sold off Sale leaves one left from defunct bunker company.
Fuel removal from wreck 'about to start' Ship sank outside Richards Bay harbour.
New COO at Bunker Holding Company promotes Dan Bunkering veteran to the post.
Big bunker savings possible with 'best-in-class' efficiency The difference in ships' performance is considerable, report finds.
IFO prices softer across key Asian ports Except in Tokyo Bay, where supplies remained tight for some players on Monday.
Evergreen names first Taiwan-built L-type vessel Ever Living is 'biggest and most advanced' vessel in shipping firm's fleet, says spokesman.
US Coast Guard receives fuel-saving FRC ship Move part of strategy to renew FRC fleet.
Banks' behaviour 'causing hardship' for TMT Let C Ladybug resume operations, argues firm.
STX Pan Ocean bank loan back in view KDB cash needed to keep up payments on newbuilds.
O.W. Bunker relocates India office Contact details of branch manager also change.
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