Qingdao positions itself to benefit if Beijing lifts its valemax ban Port able to receive 400,000 dwt ore carriers could become a transhipment hub for Vale
Lloyd's List Global Award winners revealed A chance to thank the players that bring out the best in global shipping
Maersk takes the long view on the voyage back to black Tough decisions by his predecessors helped Lloyd's List newsmaker of the year to return the carrier to profit
Cove Point LNG exports approved Embattled LNG export project Dominion Cove Point has been approved to export 5.75M tonnes of gas per year from the United States. The US Federal Energy Regulatory Commission (FERC) approval on 29 September includes permission to build and operate a liquefaction facility at an existing LNG import
Shifting freight to rail advocated in Sri Lanka A top road haulier and head of the Sri Lanka branch of the CILT has advocated shifting freight to rail on the island, where tracks to port have long been neglected. This would help to reduce costs, carbon emissions, and traffic jams. Niral Kadawatharatchie, Chairman of the Chartered Institute of
Frontline and Tankers International set up VLCC venture Frontline and Tankers International have agreed to set up a new company to operate VLCCs that will have 67 ships out of a global VLCC fleet of 629 units. The new company, to be called VLCC Chartering Ltd, will operate the 28 VLCCs of Frontline, the listed VLCC and Suezmax operator in John
Reefer cargo prospects brightening Seaborne perishables transportation is picking up this year despite heightened geopolitical tensions and trade sanctions, according to market research firm Seabury. The data provider estimates that overall reefer cargo volumes were up 4% in the first half of this year, after stagnation in the
UPDATE: Nunavik to enter the Bering Strait Icebreaker Nunavik in currently in the Chukchi Sea and is about to enter the Bering Straits southbound to China. The only vessels shown on this screenshot are bulk carriers which highlights just how far of the normal trade Routes Nunavik is. The Polar Class vessel had sailed for China from
LNG dock planned for Baton Rouge Naval architect Waller Marine and energy producer Tenaska NG Fuels are partnering to build the first LNG marine fuelling facility along the New Orleans-Baton Rouge corridor on the Lower Mississippi River. The facility, to be located on approximately 32ha (80 acres) at the Port of Greater Baton
Watanabe wins ferry order Watanabe Shipbuilding of Nagasaki has won an order for a ferry from domestic shipowner Shimabara Tetsudo. The new ferry has an overall length of 48.35m, beam of 14m, draught of 2.4m and is 579gt with delivery scheduled for September 2015. It will bring the shipowners fleet to three as it currently
More than 100 rescued from stranded Korea ferry A South Korean cruise ship carrying 110 passengers was stranded yesterday on the coast of Hongdo, an island off the southwestern coast in Sinan County, South Jeolla Province, but everyone aboard was rescued promptly. Crew members, passengers, and nearby vessels acted calmly in the emergency,
MOL boosts crew training for offshore vessels Mitsui OSK Lines, Japan's biggest shipping company, is taking steps to boost crew training for offshore vessels. It is merging two subsidiaries, Marine Consulting and MOL Cable Ship, to form MOL Marine to strengthen expertise in marine technology and ship management. In line with this, one of
SHI mulls shipyard in Southeast Asia Samsung HI (SHI), the world's second-biggest shipbuilder, confirmed to IHS Maritime that it is considering building a yard in Southeast Asia to lower labour costs. The Korea Exchange has questioned the shipbuilder after SHI finance chief Chun Tae Heung told Bloomberg that the company aims to spend
Green group seeks Pak Bara annulment Thailand's Central Administrative Court has been asked to annul an environmental impact assessment (EIA) for the controversial Pak Bara port, which would have coal handling facilities. The move was confirmed by Srisuwan Janya, president of the Stop Global Warming Association, in a phone call with
Vallianz acquires OER for $27.7M Singapore-listed offshore oilfield services provider, Vallianz Holdings has acquired manpower services company, OER Holdings for $27.7M. The Singapore-headquartered OER supplies professional crew with proven experience in offshore work and related hospitality services to clients worldwide including
China COSCO gains $225M scrap subsidy China COSCO has said it has received CNY1.379Bn ($225M) from the Chinese government for scrapping its older vessels and ordering newbuildings in Chinese yards. The company said in a Hong Kong Exchanges & Clearing filing that the subsidy will be treated as non-operating income and will be included
Thome chief to join Nordic Tankers Thome Ship Management CEO Carsten Brix Ostenfeldt, 47, will leave the company to join chemical tanker pool operator Nordic Tankers as senior VP and head of the technical organisation. Ostenfeldt has been with Singapore-based Thome Ship Management since 2010. He was initially its technical director
JBIC finances Berge Bulk's bulkers The Japan Bank for International Cooperation will finance two Handysize newbuilding bulk carriers that have been purchased by Berge Bulk from Japanese shipbuilder Imabari Shipbuilding. JBIC, Japan's export-import bank, said buyer's credit agreements would be provided for the purchase of the two
Port Hedland crew casualty highlights mooring dangers A seafarer whose foot was severed on board a bulk ore carrier in Port Hedland, Australia, has once again highlighted the dangers of mooring operations, the Australian Transport Safety Authority warns. On 28 June the Liberian-flagged 297,007dwt Julia N entered the port and was manoeuvered alongside
ICTSI to expand Manila facilities International Container Terminal Services (ICTSI) will speed up the construction of new yard facilities at the Manila International Container Terminal (MICT) in the Philippines. This follows a 40% rise in cargo movements since the lifting of the Manila truck ban and anticipates sustained growth of
MPM garners top pick for growth Shares of Singapore-listed integrated marine logistic company, Marco Polo Marine (MPM) have been highly recommended by Lee Yue Jer, analyst from DMG & Partners Securities. He gave a target price of SGD0.58 ($0.45) per share, while the company's stocks are currently traded around SGD0.44 per share.
Dover to add container terminal after setting volume records The Port of Dover plans to spend up to £120 million (US$151.4 million) to add a container terminal and a distribution facility and to make other improvements in the wake of record volumes in 2012 and 2013 at the Southeast England port. The port has completed a '6.5 million project to...
Yusen Logistics teams up with Turkish logistics provider Yusen Logistics is beefing up its footprint in Turkey by partnering with Turkish logistics provider Inci Logistics. Yusen Logistics, the supply chain division of NYK Group, launched activities in Turkey in October 2012 under the name Yusen Logistics Turkey, while Inci Logistics was founded in 1997 and provides ocean and air...
Knight Transportation buys truckload carrier for $112 million In the latest example of consolidation at the top of the U.S. trucking industry, Knight Transportation acquired Barr-Nunn Transportation, a $119.8 million trucking company with about 550 tractors based in Granger, Iowa. The acquisition will push Knight's operating revenue above the billion dollar bar and deliver more business, capacity and...
Carriers likely to pass low-sulfur fuel costs onto shippers Some bad news for shippers: Switching to low-sulfur fuel on a global basis in 2020 could cost the container shipping industry up to $100 billion per year, which will likely cause container freight rates to rise as carriers attempt to pass the costs onto beneficial cargo owners. MARPOL Annex VI standards...
Technology seen as key to more 'driver-centric' trucking, stable truck capacity Businesses struggling to hire and keep truck drivers need to look beyond incremental increases in per mile pay toward using technology more effectively to build driver-centric businesses. That process starts with labor management systems that can help trucking companies optimize the use of their most critical assets, Malysa O'Connor said. Eventually,...
US Congress short on meeting its plan to boost port funding Nearly 300 shippers, port authorities and transportation groups are urging the U.S. Congress to follow through with its plan to send more money collected via harbor maintenance taxes back to ports. Major water resources legislation, signed by President Barack Obama into law on June 10, set a schedule where U.S. ports...
NY-NJ port moving closer to 'gray' chassis pool An industry group working to improve operations at the Port of New York and New Jersey appears to be moving closer to an agreement on how to implement a portwide pool of interchangeable "gray" chassis. "I think we're getting very close to a decision on how we will go forward," said...
New issues threaten carriers' schedule reliability, SeaIntel says While congestion continues to plague ports in North America and northern Europe, a number of other incidents are popping up that are also likely to negatively impact the global schedule reliability of ocean carriers. "We do not expect to see any increases in global schedule reliability until the congestion issues have...
Next chapter in Mexican rail reform effort expected this month The Mexican Senate will likely consider rail reform legislation this month, paving the way for the country's three largest railroads to keep their concessions and preventing any supply chain disruptions caused by proposed legislation that would force them to open their networks to third-parties. The Senate is expected to send back...
Trans-Pacific spot rate steady as Golden Week begins Drewry's benchmark spot rate from Hong Kong to the U.S. West Coast remained at $1,875 for the second straight week. Full-size chart The benchmark spot rate from Hong Kong to the U.S. West Coast remained unchanged this week, despite the potential for weakness tied to China's week-long Golden Week holiday in early...
Bonding with my readers Q: I can't let your column "Brave new world of brokering" go. It was about as anti-American as it gets. This country was founded on American ingenuity, innovation and entrepreneurs building something from nothing. I can name you many businesses that were started in somebody's garage. Every week, our "weekend warriors"...
Panama Canal pilots warn of future navigation risks Container ship passing through Culebra Cut.The pilots who guide ships through the Panama Canal fear that the navigation methods chosen to guide post-Panamax vessels into the new expanded locks and through the enlarged canal channels run higher risks of accidents than existing practices. Under the existing method, two locomotives tow a...
US importers poised to gain from Customs intellectual property pilot U.S. importers lose time and money when their shipments are detained or undergo extensive examination at ports of entry on suspicion of importing counterfeit merchandise. But a new U.S. Customs and Border Protection pilot program aims to reduce the frequency of intellectual property rights exams for trusted importers while still protecting...
Insane in the membrane A French engineering firm is moving forward with a campaign to cash in on rising demand for LNG fuel in the US after forging a partnership with Conrad Industries.
SeaBird stalemate A leading operator of seismic survey vessels appears to be losing ground in the race to shore up its balance sheet.
Conoco steals the spotlight A fixture involving a Jones Act tanker that was hired to transport crude from Alaska to Asia bodes well for the US cabotage market, a leading equity analyst told clients Wednesday.
Switzerland's new union A new Swiss lobby association has been created following the merger of three trading groups with a combined value of $21bn.
Stolt sells older tanker Stolt-Nielsen has completed the sale of one of its older vessels.
Fatal cruise A 20-year-old student has died after falling from the radar platform of a cruiseship owned by Carnival at the port of Miami.
Platou launches new LLP UK shipbroker RS Platou LLP has set up a new tanker and LNG company as it grows the business.
Frontline shares fly John Fredriksen's Frontline has seen its market value multiply by up to one fifth hot on the heels of a new VLCC venture with Tankers International.
Baltic gets funding Baltic Trading has secured a credit facility from ABN Amro for the construction of two ultramaxes due for delivery in the last quarter of the year.
DryShips readies notes bid Nasdaq-listed DryShips is lining up a notes issue to fill the $250m finance gap for its looming $700m bond payment.
Not what was needed Vale's decision to add 20 VLOCs to the world fleet is just what the market does not need, Pareto Securities says.
VLCC giant born John Fredriksen's Frontline and pool player Tankers International (TI) are teaming up together to seize market share by forming a supersize VLCC chartering venture.
Precious fixes finance German lender NordLB is providing $41.85m to part-fund two bulker newbuildings for Thai owner Precious Shipping in China.
PDZ deal fails PDZ Holdings has cancelled a share acquisition agreement with Efogen following disagreement on the latter's value.
Lines merge US runs Germany's Hapag-Lloyd is scrapping its US to Brazil service as it joins with other carriers on South American trades.
Bear's bulker inspection Crew onboard a Norden bulker in Hudson Bay could be forgiven for briefly feeling more like food than their wheat cargo following an unexpected visitor at the dock.
ASL raises $39m Singapore-listed ASL Marine Holdings has issued notes worth SGD 50m ($39.2m) under the company's multicurrency debt programme of SGD 500m.
Protest blocks Zim A vessel owned by Israel's Zim has been unable to offload at the port of Oakland after facing pro-Palestinian protests by activists.
Rumble in the jungle Shipbuilder JES International Holdings is suing a Chinese businessman in a row over shares related to its new investment in a Republic of Congo forestry project.
Ultrabulk banks $37.3m loan Ultrabulk Shipping has secured $37.3m to help fund two newbuildings under construction in Japan.
Greeks' voluntary tax Greek shipowners have agreed to pay a total of EUR 420m ($530m) in voluntary contributions and other taxes over the next four years to assist their country's debt-laden government.
Dof seals AHTS sale Norway's Dof group is banking $100.7m from the sale of a powerful modern anchor-handler.
Bad month for stocks Weakness in both the dry and wet cargo markets made September a month to forget for those investing in shipping stocks.
Kenya gets tough Kenya's government will cancel international shipping lines' permits unless they use local crew.
CSSC enters Singapore Chinese state shipbuilding group CSSC has formed a joint venture to build and operate offshore vessels and platforms in Singapore.
Algoma reaches crew deal Canada's Algoma Tankers has signed a new wage deal for officers on its vessels.
Alam Maritim extends two Alam Maritim has seen contracts for two of its vessels extended by present charterer ExxonMobil.
Vallianz in crew move Vallianz Holdings has agreed to acquire OER Holdings for $27.7m as it looks to bolster its crew management activities.
BBR sale to boost MPM Marco Polo Marine's (MPM) deal to offload a stake in PT Bina Buana Raya (BBR) has been given the thumbs up by analysts.
Crude drops as Saudi Arabia trims benchmark prices West Texas Intermediate crude slipped to a 17-month low.
Study sees biofuels market making headway Marine industry named among drivers of US biofuels market.
Study evaluates effects of speed reduction Finds there is no one-size-fits-all approach.
Shipping industry moves closer to using e-certificates IMO updates guidelines.
Fredriksen's new VLCC venture sees profit in reduced bunker use Improved efficiency will generate higher earnings.
'Floating generator' will cut emissions from ships 'Hamburg will be the first port in Europe to be providing an external, low-emission power supply to cruise ships.'
Fuel quality and value 'not well understood' When fuels come with a higher than normal water content 'you have to ask where it came from'.
US shipyard to produce GTT's LNG membrane tanks Membrane technology is a popular option for the maritime transport and storage of LNG.
Oiltanking offloads US Gulf assets Houston and Beaumont facilities sold to US player.
Bunker industry meets in shadow of new ECA rules Special discount available to Bunkerworld readers.
New managing director for KPI's Singapore office Mark Emmett has more than 30 years experience in the bunker and shipping industries.
'Weakness in crude oil prices coming to an end' Analysts say Saudi Arabia is 'rebalancing the market'.
Forecast: Price outlook for bunkers stable But low sulphur more bullish than high sulphur product.
Chinese company testing unmanned vessel concept Vessels planned for launch over next 1-2 years.
Japanese firm buys fuel-saving vessel Ship design claims to offer 'world's highest level of energy-saving performance'.
Canadian LNG producer to boost production output Company seeks to satisfy 'growing demand' from shipping and other industries.
Bunkering firm appoints new Korean representative New staff member has seven years' experience with Hyundai Merchant Marine.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
