Power and politics in Japan Key Asian importer rethinks its energy mix
Maersk sells Broström Singapore Commercial platform sale confirmed as negotiations continue over tankers
Shipping alliances force port operators to follow suit New tie-ups mean terminals will have to co-operate closely too
MOL Comfort stern section sinks About 1,700 containers lost and 1,500 tonnes of heavy fuel oil
Maersk's next move Selling its tanker operation in Singapore could hint at more such sales
Shippers must treat carriers' alliances and vessel sharing with care Limited operational control can take on-time delivery out of a line's hands, says Drewry
Daily Maersk will stay Carrier says P3 alliance does not affect its service pledge
UK major ports report 38% growth in five-year investment Study reveals sharp rise in spend as Osborne budgets fresh infrastructure plans
Horizon to convert steam-powered boxships Jones Act carrier requests pricing to switch to a dual-fuel oil and LNG system
MOL Comfort sister vessels withdrawn from G6 service Shipowner will enhance hull structures as a precaution
RBS hits back at TMT claim of inflated value for Iron Monger 3 Nobu Su firm says valuation prevented it selling tanker, leaving caretaker crew distressed
China lifts Capesizes A DECLINE in China's coal stockpiles has provided further support to Capesize rates
Conti seeks to salvage charters with STX PO GERMAN KG house and shipowner Conti Reederei is continuing to honour its period charter obligations to insolvent Korean operator STX Pan Ocean
VLCC rates fall again VLCC rates are succumbing to oversupply again, after rallying over the past fortnight
Cross-strait traffic rises MAINLAND China has shipped 75,000 passengers to Taiwan in the first five months this year, up by 45.6% year on year
Post-2008 lows seen for China cabotage rates CHINA's bulk freight rates on domestic coastal trade routes have fallen to their lowest levels since 2008
KfW IPEX funds Olsen WTIV NORWAY'S shipowner Fred. Olsen has secured post-delivery financing for its new wind turbine installation vessels from a consortium led by Germany's government-run development bank KfW IPEX
EU breaking protocol voted EU COUNTRIES today gave final approval to a breaking protocol under which the EC will list safe and approved recycling facilities
Crude supply boosts Jones Act capacity SHARP increases in US crude production is supporting Jones Act tanker capacity, according to a sector analysis
Accused officers distracted in fatal crash THE FIRST mate and master of a ferry were discussing a movie when it fatally collided with another vessel in the Channel, a French court has reportedly heard
Global keeps in red MALAYSIA's tanker operator Global Carriers Bhd declared further losses of 4.2M ringgit ($1.3M) in the first quarter ended 31 March
Coastal Contracts sees 38% drop in profits MALAYSIA's Coastal Contracts said today its 2012 net profits dropped 38%, the result of narrow margins from its shipbuilding segment
Another 'old' VLGC sold WOODSTREET has sold its 1991-built VLGC Maple 2, adding the ship to a list of 20-year-old VLGCs that have changed hands this year
BDP International Focuses on Asia BDP International will continue to target growth in Asia's fastest growing markets and expects much of its volume expansion to be linked to rising intra-Asia movements and increased supply chain complexity. Rich Bolte, chairman and CEO of BDP International, said 'Abeconomics' in Japan is boosting volumes and, even though GDP growth...
Hanjin Shipping Explores Terminal Opportunities Hanjin Shipping will continue to seek out more opportunities for its terminal-handling business both to support its own global service network and to offer third party services. The Korean line's terminal business currently operates 14 different dedicated terminals in Asia, including at Busan, the world's fifth largest box port, plus Japan,...
Foxx Confirmed as US Secretary of Transportation The U.S. Senate on Thursday unanimously confirmed Anthony Foxx as secretary of transportation. The Charlotte, N.C., mayor, had been nominated in late April to succeed outgoing Secretary Ray LaHood. "I'd like to offer my heartiest congratulations to Secretary-to-be Foxx on his confirmation," American Trucking Associations President and CEO Bill Graves said in...
Rosalyn Wilson on the State of Logistics Report Rosalyn Wilson, author of the annual State of Logistics Report, discusses the report's findings with the JOC's Joseph Bonney. Wilson is senior business analyst at Delcan Corp. Contact Joseph Bonney at jbonney@joc.com and follow him at twitter.com/JosephBonney....
International Cargo Volumes Climb at ANA, JAL International cargo moving on Japan's All Nippon Airways increased 7.9 percent to 47,053 tons in May, the third consecutive year-over-year gain. But domestic cargo volume fell 1.7 percent to 37,308 tons, the second consecutive year-over-year decline. Meanwhile, rival Japan Airlines said its international cargo volume grew 5.5 percent to 20,917 tons in...
Hapag-Lloyd to Add Paita Call to Mexico-Peru Service Starting week 32, Hapag-Lloyd will introduce a new call at Paita, Peru, on its Mexico-Peru Service. The first call will be provided with the container line's Conti Salome, voyage 1330N, which is scheduled to arrive at Paita on Aug. 8. Hapag-Lloyd said the new Paita call will provide refrigerated cargo customers...
Schneider Installs New Tracking Technology on Van Trailers, Intermodal Containers Schneider National is installing tracking technology on its trailers and intermodal containers.Schneider National is installing new tracking technology across its fleet of van trailers and intermodal containers in order to provide continuous, real-time information about the location and load status of each trailer and container. The capability will help Schneider, which...
Mexican Intermodal Volume Falls for Second Straight Week Mexican rail volumes through June 22, 2013 Full-size image Mexican intermodal volume declined year-over-year for a second week in the week ending June 22, according to the Association of American Railroads. North American intermodal volume overall continued to climb. Combined North American carload volume, including all three North American Free Trade Agreement partners, inched up 0.5...
JOC Economist Boosts Container Volume Forecasts The outlook for U.S. container trade volumes this year is improving, according to Journal of Commerce Economist Mario Moreno, who is raising his forecasts for overall imports and exports for 2013 after reviewing first quarter container volume results from PIERS, a JOC sister company. Moreno increased his forecast for year-over-year growth...
Somalia in Talks With EU to Improve Maritime Security, Economy Representatives from Somalia's government and the European Union met on the NRP Alvares Cabral and planned to conference for September in Brussels.Members from Somalia's government and representatives from the European Union have met on board the EU Naval Force Portugal-flag ship NRP Alvares Cabral to discuss how to strengthen maritime...
Paperless Air Cargo and Logistics Solutions to Boost Productivity Across Supply Chain Fourteen air cargo and logistics companies adopt new innovative e-freight@Singapore solutions to enhance productivity and accuracy in airfreight documentation processes across the supply chain. These solutions were developed by three consortia - Innosys Pte Ltd, Kewill Pte Ltd and vCargo Cloud Pte Ltd - which were selected by the Civil...
Kuehne + Nagel provides retail logistics services for C&A Singapore, June 26, 2013 - C&A, one of the world's leading fashion and apparel manufacturers, has extended its partnership with Kuehne + Nagel which started in 2006. According to the agreement, Kuehne + Nagel will continue to handle the customer's retail logistics which includes quality inspections as well as intercontinental...
CEVA's CEO sets out challenge for the global logistics industry Maximum value in supply chain comes from collaborative process CEVA's consulting practice providing solutions to customers CEVA's Center of Logistics Excellence available for customer demonstrations. Chicago, USA, 26 June, 2013 - Marvin O. Schlanger, Chief Executive Officer of CEVA Logistics, one of the world's leading non-asset based supply chain management companies, spoke as...
Maersk Line honoured with Seatrade Asia Award Maersk Line won the 'Environment Protection Award' at the 2013 Seatrade Asia Awards ceremony, held on 21 June, in Hong Kong. Cliff Chow, General Manager for Sales at Maersk Line South China, accepted the award on behalf of Maersk Line. "It is a great honour for us, which again demonstrates that...
West Marine Selects MetricStream's Integrated Conflict Minerals Management Solution and Services PALO ALTO, Calif., June 27, 2013 /PRNewswire/ -- West Marine, Inc. (WMAR), a leading retailer of boating supplies and accessories, has selected MetricStream to provide a comprehensive conflict minerals software solution and a full range of services to enable and strengthen compliance with various conflict minerals reporting requirement in the...
ATA: Trucking to Remain Top Transportation Mode Through 2024 Freight volume for all modes is expected to rise more than 20 percent by 2024, with trucking strengthening its position as the leading mode, holding 70.8 percent of the market by 2024, compared with 68.5 percent in 2012, according to the latest edition of "U.S. Freight Forecast to 2024" released...
Eastern Terminals Seen as Fastest Growing in Europe Russia and Eastern Europe are the only bright spots in an "otherwise gloomy" outlook for Europe's container market, according to APM Terminals. Eastern Europe is predicted to be the world's fastest growing container market in 2013, while Russia has plenty of potential to increase the current low volumes through its terminals,...
Israel Corp. Pledges to Continue Investing in Zim After Conglomerate Breakup Israel Corp. said it will continue to invest in Zim after it places its shipping unit and other subsidiaries into a separate company. The Israeli conglomerate unveiled plans to split in two separate listed companies, one containing its chemical business, ICL, and its refining operation ORL, the other grouping less profitable...
Aft Part of Split MOL Comfort Sinks Mitsui O.S.K. Lines said the aft part of its fractured MOL Comfort container ship sank today in the open sea in the Indian Ocean, near 14'26"N 66'26"E, with water depth about 4,000 meters (about 13,123 feet). About 1,700 containers aboard the aft part sank with this section of the vessel, although...
Truckers Beef About Delays at NY-NJ Port Port drayage companies say they're frustrated with a third consecutive week of delays that have caused long truck lines at Port of New York and New Jersey container terminals. Representatives of the Association of Bi-State Motor Carriers met today with ocean carriers and terminals to discuss problems that have snarled traffic...
Matson hikes payout Matson has hiked its dividend by 6.7% in a bid to share the spoils of strong operating cash flow with shareholders.
Geden feud breaks out A legal brawl has erupted over one and potentially two of the Geden Lines tankers owned by New York hedge fund Octavian Maritime Holdings, which is trying to claw the ships back from Geden and place them with the private Scorpio Group.
Banks fund wind farm duo KfW IPEX-Bank and partner Danish Ship Finance have teamed up to provide a EUR 145m ($189m) loan to Fred Olsen Windcarrier for a pair of wind farm installation vessels.
Rickmers takes five Germany's Rickmers Group has swooped for five 2,200-teu containerships after noting a recent rise in short-term charter rates.
Gas STNG And then there was gas.
Stena trumpets savings Sweden's Stena Bulk is spending SEK 65m ($9.65) less on ship fuel per year as efficiencies improve.
Upgrade joy for WW ASA Wilh Wilhelmsen ASA has seen its shares head north today following an upgrade from DNB Markets.
NOCC crash confirmed A Norwegian Car Carriers vessel did collide with a fishing trawler on Sunday, Japanese authorities have confirmed.
Maersk gets retrofit Maersk Line has paid from its own pocket to retrofit 52 chartered containerships in an effort to improve their performance.
Store Norske COA stretched Norden has secured a five-year extension to one of its largest contracts of affreightment (COAs).
Yards eye Canadian cash Canadian shipbuilders will be fighting it out over as many as 21 vessel contracts for the country's coast guard.
MOL Comfort aft sinks The aft section of the stricken MOL Comfort has sunk, Japanese owner Mitsui OSK Lines (MOL) has announced.
Hornbeck books two more Hornbeck Offshore Services has returned to Eastern Shipbuiding for its latest pair of multipurpose support vessels (MPSVs).
Tianjin offloads oldie China's Tianjin Marine is banking $1m from the sale of a veteran boxship.
Refund blow for Sea-Cargo The Norwegian shipping company Sea-Cargo has failed in an initial bid to claim a refund guarantee over a long delayed Bharati Shipyard newbuilding.
Lauritzen frees cash Denmark's Lauritzen Bulkers has sold its last bulker newbuilding to boost cashflow.
Skaugen in drop down Norway's IM Skaugen has sold a gas carrier to a Gulf-based joint venture to free up funds.
MOL pulls Comfort sisters Japan's MOL is withdrawing six sisterships of the stricken MOL Comfort to strengthen their hulls.
SinOceanic to delist China's HNA group has offered to take 100% control of Norwegian boxship owner SinOceanic as part of its refinancing.
Sevan hits back Sevan Drilling says a takeover bid launched yesterday by Seadrill falls short of a realistic valuation.
Mercosul eyeing boom Brazil's Mercosul Line is expecting a 20% jump in volumes this year.
KSS fixes finance Korea's KSS Shipping has taken out a loan of KRW 73.6bn ($63.92m) to pay for its latest VLGC newbuilding.
Bogged down in Brazil Oslo-listed offshore group Subsea 7 is expecting a bigger loss from a delayed pipeline project in Brazil.
Germans in African drive German box player Hamburg Sud is starting up a second liner service linking the Far East with Africa.
MOL Comfort under tow Salvagers have managed to attach a towline to the forward section of the fractured boxship 8,110-teu MOL Comfort (built 2008) and are towing it towards the Arabian Gulf.
Varun gas carrier seized India's Varun Shipping has seen yet another of its vessels arrested by a trade creditor.
Sultan replaces Menen at Emirates SkyCargo Nabil Sultan has been with Emirates for more than two decades, most recently as divisional senior vice president for revenue optimization and distribution. American Shipper reported on Ram Menen's retirement in February.
OOCL, Hapag-Lloyd string drops Charleston The carriers said they will no longer call the Southeast port with their Gulf Mexico Express service between Europe and the U.S. Gulf and Mexico. The last vessel in the service calling at Charleston is expected to arrive July 29.
MOL Comfort's stern sinks, sister ships to be strengthened
Louisiana legislation to boost state ports The state bill-authored by Sen. Norby Chabert and signed by the governor-modifies the Investor Tax Credit and the Import-Export Tax Credit by expanding the types of port projects that qualify for exemptions.
Houston's box growth drives record revenue in May Container volume at the Texas Gulf port rose 10.4 percent in May, part of a 9 percent increase in total cargo tonnage through its marine terminals that drove it to record $20 million in operating revenue during the month.
FMC reviews 14 OTI license applications
Kansas City logistics park attracts home décor shipper
Maersk retrofits 52 containerships to improve performance Group willing to meet costs of upgrading chartered ships as 'a lot of the time the payback is within 12 months'.
Study: Hydrogen cells potential future of seaport power Study evaluated simple fuel cell strategy consisting of mounting a hydrogen-fuelled proton exchange membrane fuel cell on a floating barge.
Hamburg IFO prices flat for second consecutive day Outlook for prices mixed in Rotterdam.
Prices moving independently in Fujairah 180 cSt lost just over $10 a tonne in Cape Town.
Bunker sales fall on US West Coast Player points to slow steaming and business going to Russian Far East.
Japanese fuel oil demand down 63% Power stations are using more coal and natural gas.
Dynamic Oil Trading in Gulf expansion move Move a response to 'growing demand', says CEO.
Fuel oil stocks fall for first time in five weeks Singapore's onshore residual fuel inventories down by 12%.
MOL ship sinks with bunkers onboard One half of stricken container ship sinks but no large spill seen.
Turkish supplier withdraws from market Anadolu is halting operations while it undergoes 're-organisation'.
Singapore on lookout for LNG bunkering partners 'Viable business case' required for LNG bunkering jetty.
IFO prices largely down at major ports Supplies of bunkers generally fine at key Asian ports.
Fuel oil inventories in China record further gains Volume up 3% to 3.72 million mt, according to ICIS C1 data.
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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