Great Eastern buys medium range product tanker Acquisition increases fleet to 30 vessels
Japan yards' bulker building boom sags Owners place 15 bulkers on order during August, compared to 32 in July and 31 in June
Oltmann launches no-leverage 'crisis prices' fund Super senior tranche secured on scrap value
Ariston and Bolten launch handysize pool for Sea Stallions Partners could bring together up to 30 eco-optimised bulkers in medium term
TTA takes $150m writedown on dry bulk fleet Major shareholder replaces Chandratat as chief executive in management shakeup
London Gateway steps up rail services to clear boxes Pre-launch terminal pushes the boat out for fire-damaged Zim Rotterdam
Carrier Transicold chills out with Xtendfresh system Reefer box cooler aims to slow ripening process and open new markets to exporters
Spot trading lifts LNG shipping Latin American demand should boost activity and make the industry more flexible
Chandris orders two long range two tankers from Daewoo Price of $51m apiece is said to reflect the vessels' high specification
Perishable reefer cargo has grown 3.3% a year for 10 years, says Drewry First half of 2013 appeared to 'herald the start of a long-awaited upturn' for the industry
Lloyd Fonds books improve in first-half 2013 KG house secures important sales licence as it develops a new business model
Wilh. Wilhelmsen lists $117m bond in Oslo Norwegian group now has seven bonds, of which six are listed
Hapag-Lloyd coupon hints at easing risk perception Boxship company now borrowing more cheaply than three years ago
Index-linked contracts baffle box firms and forwarders NYK stands out as sales responses leave SeaIntel mystery shopper unimpressed
Sustainable Shipping Initiative names Gleie as global director Former Maersk operating manager will lead industry's energy-saving drive
Knowing the drill Asia yards braced for second round of rivalry for high-value, deepwater rig orders
Greeks, Germans plan Handysize bulker pool A NEW chartering pool for Handysize 'eco' bulkers is to start operating by mid-October
US clears TOTE ships US BUILDING rules are met by two TOTE box ships even thought they will have parts made in Korea, the US Coast Guard has certified
Platou: wind is rising under shipping's sails INVESTORS are viewing shipping as a sector that has outrun its financial storms, with "good potential ahead", a London forum heard today
STX O&S pick opts out IN A SHOCK twist in the leadership drama at STX Offshore & Shipbuilding, the chosen successor of Kang Duk Soo has declined his nomination by its board
TTA reveals write-downs, impairments TTA TODAY revealed three non-cash impairments and write-downs
Oltmann defies KG lull LEER's KG house Oltmann is launching a ship equity fund among German retail investors, in a rare sign of life from the lingering KG sector
China to continue restocking iron ore IRON ORE stocks in Chinese ports are more than 25% lower than they were at the same time last year, which will help stimulate more imports, a Singapore conference heard today
U-Ming sees recovery of iron ore demand U-Ming Marine president CK Ong today expressed optimism about the continued drybulk recovery
OOCL seeks seventh 2013 box rate rise OOCL TODAY said it would seek a seventh rise in box rates, adding $975 per teu for westbound routes from 1 November
Panamax box ships seen surviving get-big trend PANAMAX box ships are not obsolete despite falling charter rates, said Rickmers Maritime Trust CEO Thomas Preben Hansen told the Singapore Shipping Association conference today
Growth brings single ASEAN market opportunity AN OPPORTUNITY is growing for a single ASEAN shipping market because of continued growth in ASEAN, Samudera Indonesia managing director Bani Mulia told delegates today
Chinese companies apply to set up private banks YANGZIJIANG Shipbuilding and five other companies in Jiangsu reportedly have applied to set up private banks
TransForce Acquires Total Delivery Systems TransForce, through its subsidiary Dynamex Canada, has acquired all of the shares of Total Delivery Systems, a British Columbia-based courier and distribution services company. The acquisition is expected to generate annual revenue of about $20 million. "This acquisition significantly expands Dynamex Canada's geographic footprint, service offering and density across British Columbia," said...
US, Japan Simplify Trade in Organic Products The U.S. and Japan today announced that organic products certified in Japan or the U.S. may be sold as organic in either country, starting Jan. 1, 2014. Until now, organic farmers and businesses wanting to sell products in either country had to obtain separate certifications to meet each country's organic standards,...
US House Passes Sleep Apnea Trucking Bill The U.S. House of Representatives has passed H.R. 3095, a bill that would require the Federal Motor Carrier Safety Administration to go through a formal notice and comment rulemaking proceeding when issuing guidance on screening and testing for obstructive sleep apnea and other sleep disorders for drivers of commercial motor...
TIA Exec: Partisan Bickering Prevents US Investment in Infrastructure Partisan bickering, fueled by the intransigence of conservative members of Congress, is preventing the U.S. from maintaining and expanding its world-class infrastructure, according to a national transportation industry executive. This is the case even though the transportation industry is prepared to pay higher fuel taxes in order to fund highway, bridge...
Vitran to Consider TransForce 'Proposal' Vitran will review an offer for its Canadian business from Canadian trucking giant TransForce, but is focused on completing the sale of its ailing U.S. business, Vitran Express, the company said. TransForce, a $3.1 billion transportation holding company with headquarters in Montreal, today offered to buy all outstanding shares of Toronto-based...
Florida Ports Awarded $150 Million for Improvement Projects Port of Tampa.Florida's Gov. Rick Scott and members of the state's cabinet have approved $150 million in bond proceeds to finance projects at Florida ports through the Seaport Investment Program. The Florida Department of Transportation has programmed $150 million in projects to receive bond proceeds for fiscal year 2014, which will...
Intermodal Railyards Transitioning to Costlier Grounded Operations BNSF logistics park.The intermodal industry in the coming years will have to learn to live with at least several different chassis models, but one thing for certain is that the cost of handling containers at railyards will increase. That's because most intermodal railyards today store containers on chassis, but now that...
Average US Intermodal Rate Continues to Climb Overall index, week of September 23, 2013 Full-size image The average U.S. intermodal rate rose for a second straight week, according to data on all-inclusive 53-foot door-to-door spot pricing quoted by railroads and provided by the 3PL IDS. The overall rate increased 0.8 percent or $17 this week to $2,083, yielding a cumulative increase...
TransForce Bids for Vitran in Canada TransForce, the $3.1 billion Canadian trucking operator, is bidding to acquire the Canadian operations of less-than-truckload carrier Vitran, less than a week after Toronto-based Vitran announced the sale of its U.S. business. If the $4.50 per share offer is accepted, Vitran in Canada would be added to TransForce's long list of...
Knight Transportation Seeks to Acquire USA Truck Knight Transportation is trying to acquire all of the outstanding shares of USA Truck, despite a recent rejection of its acquisition bid by USA Truck's board of directors, according to U.S. Securities and Exchange Commission documents filed today. Knight Transportation, No. 23 on JOC's ranking of the Top 50 Trucking Companies,...
Q&A: Double Brokering, by the Book Q: My company is a small freight broker. If we tender a shipment to a carrier, can it tender to another carrier if it has a broker's license, provided it tells us who it's tendering to? I know this is double brokering, but is it legal if it discloses who...
Unifeeder Moves Deeper Into Mediterranean With UFS Acquisition Unifeeder, the north European short sea shipping line, said it has agreed to acquire United Feeder Service to create the largest pan-European feeder operator. The companies did not give financial details of the deal, which they expect to close at the end of October, subject to regulatory approvals. The two carriers will...
OOCL Joins Zim's East Med Service OOCL has entered into a vessel-sharing agreement with Zim Integrated Shipping Services on the Israeli carrier's independent East Mediterranean Express (EMX) Service, effective this month. The Hong Kong-based container carrier is providing two vessels on the string of 10 ships, each with a capacity of around 4,250 20-foot-equivalent units. The port coverage...
Husch Blackwell Strengthens Transportation and Government Relations Teams With the Addition of Charles Nottingham WASHINGTON, D.C. (Sept. 25, 2013) - Husch Blackwell has bolstered its Transportation and Public Policy, Regulatory & Government Affairs teams with the addition of Charles D. "Chip" Nottingham as a Partner in the firm's Washington, D.C., office. As a nationally recognized leader in the transportation industry, he brings 20 years of government relations experience to Husch Blackwell...
First Public Meeting Announced for Route 1 Multimodal Transportation Alternatives Analysis ICHMOND-The Virginia Department of Rail and Public Transportation (DRPT) has announced the first public meeting for the Route 1 Multimodal Alternatives Analysis currently underway. The meeting will be held on Wednesday, October 9, from 6-8 pm at the South County Government Center. The center is located at 8350 Richmond Highway...
Kuehne + Nagel introduces KN EngineChain Schindellegi / CH, September 24, 2013 - At the European Aerospace MRO Conference in London, Kuehne + Nagel has launched KN EngineChain, an innovative end-to-end supply chain solution designed specifically for aircraft engines logistics. KN EngineChain ensures reliable and safe transportation and storage of engines by both certified processes and...
Security Association for the Maritime Industry (SAMI) Looks to the Future Typecasting can be the curse of many an actor - they become so immersed and associated with one kind of character that the wider audience cannot seemingly accept them in any other role. Away from the bright lights of the film studios, it seems that entire industries can be typecast...
India OKs Nehru Port Highway Plan The Indian federal government has approved a proposal to build a new 27-mile expressway connecting the Port of Jawaharlal Nehru (Nhava Sheva) with the interstate highway system, a long-standing demand of trade and user associations. The road project, comprising 13 miles of six-lane and 14 miles of eight-lane routes, is estimated...
Gati Wins Arbitration Against Air India Gati has won its arbitration proceedings against Air India and will receive 268.2 million rupees towards claims, damages, interest and costs from the Indian airline. The arbitral tribunal was presided by Justice R. C. Lahoti and included justices A.P. Shah and R.C. Chopra. The dispute between Gati, an Indian express distribution...
York turns to Scorpio A private equity firm led by Wall Street legend James Dinan appears to have completed the acquisition of two medium-range (MR) product tankers under construction at SPP Shipbuilding in South Korea.
Corpses uncovered Efforts to locate the last two bodies of passengers who were killed during the sinking of the Costa Concordia appear to be drawing to a close.
Banks are back New banks are moving into shipping with enthusiasm, Ship Finance International says.
NASSCO clears regulatory hurdle General Dynamics NASSCO is getting ready to proceed with the construction of two dual-fuel containerships for US compatriot TOTE after receiving a key stamp of approval from the US Coast Guard (USCG).
No cape orders now Golden Ocean chief executive Herman Billung today appeared to rule out further capesize orders in the near term for the Fredriksen group as the spot market rally has made second hand ships more attractive.
Geden sheds bulker Geden Lines of Turkey appears to have offloaded another bulker in a bid to free up cash.
Navantia wins well work Spanish shipbuilder Navantia is to convert a supply ship into a well-test vessel for EUR 20m ($27m).
ABN AMRO recruits again ABN AMRO has appointed another former employee to its energy, commodities and transportation (ECT) division.
Rieber sells to MoD GC Rieber Shipping has sold a 2001-built ice-breaker to the UK Ministry of Defence (MoD) for over $80m.
Lloyd Fonds on the hunt German ship finance house Lloyd Fonds is turning its attention to winning new business again after turning a bigger profit in the first half.
FreeSeas free to act Greek bulker owner FreeSeas has completed a debt deal with lenders that will allow it to pursue new "growth opportunities."
Fund builds Flex stake UK investment house Praxient Capital has beefed up its holding in Oslo-listed Flex LNG.
Skou fights to win Maersk Line aims to maintain a 15% market share while holding back on investment and cutting costs to improve profitability.
Collision heads for court A collision agreed to be mainly the fault of a Mediterranean Shipping Company containership is heading for trial following the breakdown of an out of court deal.
Zim nets bumper price Zim has collected over $6m from the scrapping of a container vessel at what is being described as a fantastic price.
Bollinger bags cutters Bollinger Shipyards of the US has won a $250m deal to build cutters for the US Coast Guard (USCG).
Marco Polo to clean up Marco Polo Marine is on the verge of cashing in on soaring anchor handling tug supply (AHTS) vessel rates in Indonesia.
ICAP pays smaller fine ICAP has been hit with a smaller than expected fine by US and British regulators in a high-profile Libor case.
Lembo sentenced An Italian court has handed Deiulemar's former chartering supremo Leonardo Lembo a four and a half year sentence.
SCI VLCC released A Shipping Corporation of India (SCI) VLCC has been freed from arrest in Singapore.
Solvtrans extends again Solvtrans of Norway has signed its second charter contract extension of the week.
On the beach A Turkish general cargoship grounded metres from surprised tourists on a Corfu beach.
TW+ out tomorrow The second issue of TW+, the quarterly magazine from TradeWinds, focusing on the people at the very top of the industry and the issues most affecting them, examines the inside story of the giant Valemax ore carriers.
Handy pool eyes big splash Aug Bolten adds to Japanese orderbook as it teams with Ariston to target 30-ship combined fleet.
Genco holding sliced Genco Shipping & Trading has seen its stake in spin-off Baltic Trading cut by two equity issues in the past five months.
CSG in US debt debut State-owned giant China Shipping Group (CSG) has completed its first direct debt issue in the US market.
Floatel wins Oz gig Floatel International looks set to supply an accommodation and construction support vessel for an LNG project off Australia.
Have capes peaked? A rally in the capesize market is expected to stall shortly as charterers dig in their heels, analysts say.
CSC Phoenix duo sold Two CSC Phoenix handymax bulkers have been sold in a court auction to unnamed to Chinese buyers for bargain prices.
Chandratat quits TTA Thai bulker owner lines up new CEO and CFO as top two step down.
TTA takes $170m hit Bulker owner Thoresen Thai Agencies (TTA) has announced write-downs of more than $170m on its fleet and mining interests.
Hainan's islands hope China's Hainan Strait Shipping is launching a new cruise service to the disputed Xisha Islands.
Inocean wins drillship deal Norway's Inocean has won the design contract for Statoil's new Arctic drillship.
Navios Partners seals $82m Navios Maritime Partners has beefed up its war chest to the tune of $82m after completing its follow-on offering.
Borealis joins US Navy Borealis Maritime has secured a bumper charter deal from the US military for one of its small chemical tankers.
Japan bulker orders ease Japan's surge in smaller size bulker newbuilding orders looks to have taken a breather, latest figures show.
U.S., Japan strengthen organic produce trade U.S. and Japanese officials conducted thorough on-site audits to ensure that their organic programs' regulations, quality control measures, certification requirements, and labeling practices were compatible.
IMO chief calls shipping 'central to sustainable development' IMO Secretary General Koji Sekimizu said ocean shipping is "the world's only really reliable, global, cost-effective and energy-efficient mass transportation method for energy, materials, foods and industrial products."
Platinum Equity buys HomeDirect The equity firm has purchased the white-glove logistics firm from Transport Resource partners for an undisclosed amount, combining the company with another 2013 acquisition, MXD Group.
SeaIntel finds sales effort lacking on index-linked contracts An investigation by the analyst into liner carrier and freight forwarder knowledge of index-linked ocean contracts found inconsistencies, and in some cases, insufficient knowledge, about the instruments among sales offices.
WTO favors U.S. in chicken dispute with China
Collier completes transit through Northwest Passage
Knight Transportation takes USA Truck buy offer public
ICAO, WCO promise greater collaboration
U.S. works with Iraq to improve transport sector
Carrier Transicold introduces new reefer technology
US shippers urge House to raise inland waterways fuel tax Group argues that increasing current tax is needed to maintain and modernise nation's inland waterways.
Damen unveils 'Quick Docking/Fuel Saving' package Damen expects fuel saving docking to pay for itself within six to eight months, depending on type and size of vessel.
Fujairah prices falling Mixed avails in Fujairah.
Prices soft in Rotterdam Prices firming in Mediterranean.
Environmental regulations must show 'compelling need' ICS repeats call for IMO rules to be subject to 'a full and proper cost benefit analysis'.
Analyst: 'Hidden capacity' could put lid on rising rates Capesize freight rates could collapse if they pass 'the equilibrium point relative to bunker prices'.
Maersk 'misjudged' container demand 'The market will not be quite as big in 2015 as we thought,' says chief executive.
Fuel oil stocks still falling Arbitrage from the West declining.
Lawyer urges caution over Iranian product Conference hears that certificates of guarantee should be sufficient proof but probably are not.
Shipowners 'reluctant' to adopt new ISO standards DNVPS says global take up rate is around 11%.
Bunker prices generally soft in Asian ports Supplies of bunker fuels continue to remain fine.
Gulf of Mexico port at 'forefront' of LNG bunkering 'There's just not a huge market for LNG fuel for marine use right now, but it's on the horizon.'
Aegean: Solution needed for ARA barge loading delays Issue will drive bunker suppliers from the ARA.
Efficiency claims of eco ships 'exaggerated' Absolutely no reason to purchase vessel based on claims, says Berge Bulk CEO.
MPA: Flow meters not a 'plug and play' system MPA hopes to have more players adopt mass flow meters for bunker deliveries, says the Director of Port Services Division.
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