Allcargo Logistics is official Logistics Partner of DBS Singapore Slammers IPTL team
APM Terminals Maasvlakte II begins landside operations at Rotterdam port
CMA CGM Group acquires OPDR
Govt taking steps to increase coastal movement of cargo: Radhakrishnan
IRCLASS Academy & Narottam Morarjee Institute of Shipping join hands to deliver Maritime Awareness Programme (Map) for officials of Directorate-General of Shipping
MAERSK LINE delays US congestion surcharge
Saudi Arabia boosting maritime sector investment
SCFI's Asia-Europe box rate falls again
Shipping industry sets out progress on Co2 reduction on eve of UN climate conference, but stresses industry is not 'cash cow'
World's largest containership named with DNV GL class
APM Terminals Inland Services South Asia introduces improved RFID technology in Mumbai Yard
Essar Steel commissions integrated pellet complex in Odisha
Easing of gold import restrictions to help exporters: WGC
Industry body seeks Customs duty waiver on wood logs imports
INR erases early heavy losses against dollar
WTO agrees to India's demand for perpetual peace clauses, signs FTA
Saarc to develop cross-border gas pipeline network
Samir J. Shah receives award for skill development
Environmental group offers EU anti-beaching defence A European environmental agency has weighed into the confusion over an interpretation of the EU ship recycling regulations. The regulation's Article 13 has caused uproar among south Asia's beach-based ship recyclers and their stakeholders. The article requires "built structures" and "impermeable
Rosnetft-ExxonMobil venture drops five vessels Karmorneftegaz, a joint venture between Rosneft of Russia and ExxonMobil of the United States, has terminated charters of five Norwegian offshore services vessels belonging to two owners. "Rem Offshore ASA has received notice of termination from Karmorneftegaz SARL in respect of the Kara Sea
Charterer drops three Viking Supply Ships vessels A charterer has cancelled a charter of Viking Supply Ships' vessels for a period that runs from April to November 2015 and axed subsequent options as a result, parent company Rederi AB Transatlantic said. "As previously communicated, Viking Supply Ships has entered into an agreement with a major
Great Barrier Reef shipping highways open Two-way shipping highways into Australia's coal ports on the Queensland coast have been formally adopted by the International Maritime Organization (IMO) and will come into effect this week. A third will open in June 2015, according to the Australian Maritime Safety Authority (AMSA). The route
Ocean Yield in $150M construction vessel deal Ocean Yield, the Oslo-listed investor in offshore services and industrial shipping tonnage, said it has agreed to acquire the diving support and offshore construction vessel SBM Installer for $150M. The ship will be chartered back to SBM Holding, which sold it to Ocean Yield for a fixed period of
Kaohsiung becomes first EcoPort in Asia-Pacific Taiwan's Kaohsiung Port became the first EcoPort in Asia-Pacific after receiving certification from European Sea Ports Organisation (ESPO) on 14 November. Kaohsiung passed ESPO's Port Environmental Review in October. Kaohsiung has incorporated high environmental protection standards in recent
World's largest box ship for Asia-Europe trade CSCL Globe, the world's largest containership and the first in a series of five 19,100teu containerships ordered by China Shipping Container Lines (CSCL) in 2013, will be deployed on the Asia-Europe trade after being handed over to the owner on Friday. At 400m in length, 58.6m in width, and 30.5m
Hijacked vessel found off Thailand An Indonesia-flagged tanker has been found off Narathiwat province, Thailand, after being hijacked by armed robbers for nearly one and a half months, according to a report from anti-piracy watchdog ReCAAP. Srikandi 515 with IMO number 9710828 was laden with 3,100 tons of palm oil en route to
Chinese bank wary of ULCS financing China's Bank of Communications Financial Leasing will steer clear of placing speculative orders for Ultra-large container ships (ULCSs) with capacity of over 10,000teu, as it is watching the potential demand from carriers for such mega-container ships. "Bank of Communications Financial Leasing will
TH Engineering posts losses Malaysian-listed TH Heavy Engineering became the latest victim of the cooling oil and gas (O&G) sector, announcing a big year-on-year loss of MYR23.79M ($6.99M) for 3Q that ended on 30 September. The company recorded MYR4.07M profit in the corresponding quarter of the previous year. The
Ningbo Port Group and TIPC sign MoU China's Ningbo Port Group announced today that it inked a memorandum of understanding with Taiwan International Ports Corporation (TIPC) to enhance co-operation. The two parties committed to promote stable developments of their ports, set up a regular communication regime and increase academic
Crew arrested for allegedly mishandling fuel Three men have been arrested for allegedly mishandling 67 metric tonnes of marine gas fuel worth around SGD57,000 ($43,600). The three suspects are the superintendent, chief engineer and third engineer of a Singapore-registered vessel. Singapore's Police Coast Guard got a tip-off about missing fuel
China new orders slow to 15.7% y/y increase The growth of Chinese shipyard new orders decelerated to a year-on-year rate of 15.7% for the first 10 months of the year compared with the 38% y/y growth for the first nine months. There were up to 53.7M dwt in new orders during the first 10 months of the year, the China National Association of
ILWU, PMA prep for negotiations as container stacks rise LONG BEACH, California - Containers continued to pile up at U.S. West Coast ports over the Thanksgiving weekend as negotiators for the International Longshore and Warehouse Union and Pacific Maritime Association met separately today to prepare for face-to-face negotiations on Tuesday. Cargo volumes are somewhat lighter now as the trans-Pacific trade...
Diana Containerships receives delivery of Panamax ship Diana Containerships has received delivery of a 5,000-TEU Panamax container ship, bringing the shipowner's fleet up to 11 vessels. Diana Containerships entered into the deal to purchase the $16 million Santa Pamina ship, built in 2005, on Nov. 5 from an undisclosed party. The ship will be chartered to The Shipping...
Dropping Asia-Med volumes threaten trade lane growth, Drewry says he amount of containers heading west from Asia to the Mediterranean dropped nearly 9 percent from August to September. Full size chart. Falling volumes on the Asia-Mediterranean services has created a volatile spot market and could become unprofitable for carriers despite a year-to-date upsurge in demand. The amount of containers heading west from...
Eurasian, Mercosur trade blocs work to strengthen ties Eurasian Economic Union and Mercosur officials met last week to see how members could strengthen trade relations and increase the movement of goods between trade blocs. The duo almost agreed on a memorandum of understanding, said Andrey Slepnev, a trade minister of the Eurasian Economic Commission who leads talks with Argentina,...
India kick-starts two transport projects with $277 million investment Photo courtesy of the Konkan RailwayIndian transport officials hope injecting Rs 1,755 crore (US $276.7 million) into a rail project and multi-purpose marine cargo terminal on the country's east coast will help kick-start efforts to make cargo movements more efficient and reliable. Maharashtra state Chief Minister Devendra Fadnavis laid the foundation...
Lufthansa Cargo pilots to stage 21-hour strike Tuesday Lufthansa Cargo pilots will stage a 21-hour walkout Tuesday as part of a year-long wave of strikes that forced the German carrier to cancel almost half of its scheduled short and medium-haul passenger flights today. This is the second time the VC pilots' union has targeted Lufthansa's cargo unit in a...
US regulators poll public on need for higher trucking insurance Plans to raise the minimum insurance coverage U.S. trucking companies must maintain to operate could affect hundreds of thousands of trucking companies, large and small, and their shipper customers. However, those plans are likely to proceed slowly, given the current political climate on Capitol Hill and industry opposition to higher...
Work begins on intermodal facility to serve Port of Mobile The Alabama State Port Authority has contracted with a construction firm to build the first phase of intermodal rail facility aimed at making the port of Mobile more attractive to shippers. The Garrows Bend Intermodal Container Transfer Facility will handle containerized imports and exports moving through APM Terminals Mobile, including domestic...
Tacoma, Seattle focus on intermodal to protect, expand market share The ports of Seattle and Tacoma are scrambling to improve their intermodal access to the hinterland to protect the discretionary cargo they have, and, perhaps, even regain business lost to Southern California and Canadian ports. Container throughput market share among top North American west coast ports: Seattle-Tacoma combined. Full-size chart They have their...
Shipowners want uniform rules on low-sulfur fuels Shipowners are committed to meeting new requirements for low-sulfur fuels but want uniform regulation and believe alternative fuels should be explored, an International Chamber of Shipping official said. There is no reason to suggest shipowners won't be ready for the imposition in January of new limits of 0.1 percent sulfur in...
Trusteeship of Baltimore ILA local could resolve contract dispute The International Longshoremen's Association has appointed a trustee to temporarily oversee its largest Baltimore local, a move that could help resolve a local contract dispute that led to a three-day strike in October 2013. The trusteeship for Local 333 followed allegations that local officers mishandled union finances and sought to add...
DB Schenker seeking $2.6 billion in damages from airlines in cargo cartel DB Schenker, the logistics unit of Germany's state-owned railroad company Deutsche Bahn, is seeking $2.6 billion in damages from 13 airlines that operated a global air cargo cartel. The company is seeking €1.2 billion [US $1.5 billion], €560 million euros in interest in a suit filed in Germany and around $370...
Hanjin opens nine India offices to meet growing hinterland demand Hanjin Shipping has opened third-party representative offices at nine hinterland locations in India to cater to the fast rising export demand from the subcontinent region. The South Korean container carrier in a customer advisory said Hanjin India will start offering all sales and inland functions at Jaipur, Jodhpur, Kanpur, Nagpur, Indore, Dashrath,...
Nippon Express takes control of NEC logistics unit Nippon Express Co., Japan's largest international freight forwarder, said on Monday that it has acquired a controlling stake in Nittsu NEC Logistics Ltd., its joint venture with electronics maker NEC Corp. Nippon Express, commonly known as Nittsu in Japan, and NEC Corp, one of the nation's biggest electronics producers, formed a...
Ship agents say JNPT crane delays are longer than expected Concern that installation of post-Panamax cranes planned by India's largest container handler, Jawaharlal Nehru Port Trust, is not proceeding on schedule has prompted local ship agents to seek another intervention with the port administration. The upgrade, involving the installation of three new super-post-Panamax rail-mounted quay cranes at the port-owned main container...
Congestion forced shippers into air freight at height of the market, Drewry says HONG KONG - The U.S. West Coast port congestion drove shippers to air freight at the worst possible time with rates for air cargo at the seasonal highpoint of what is turning out to be the most robust peak season in years. After four months of stable pricing, air freight rates...
Ningbo and Taiwan ink cross-strait agreement HONG KONG - A crushing defeat of Taiwan's ruling China-friendly Kuomintang (KMT) party at local elections late last week wasn't enough to derail closer cross-strait trade links as Ningbo Port Group signed a cooperation agreement with the port-controlling Taiwan International Ports Corporation (TIPC). The agreement will see the promotion of stable...
Falling fuel price good for carriers and customers HONG KONG - The single biggest cost of shipping lines and air cargo carriers continues to tumble, giving the freight transport industry a welcome end-of-year bonus to add to the best peak season in years, with some savings transferred to customers through reduced fuel surcharges. Since the Summer, crude oil has...
Vietnam grows factory market share at China's expense, HSBC index shows HONG KONG - Manufacturing of labor intensive products has been migrating away from China in the past few years, much of it to neighbouring Vietnam, but that process appears to be speeding up, according to the latest reading of the HSBC purchasing manager's index. Factory output in China during November was...
Asset prices plummet Asset prices in the dry-bulk segment are starting to slide as a result of lacklustre freight rates, a leading equity analyst told investors Monday.
Wall Street thumped Shipping share prices spiralled downward in New York Monday as energy investors continued to race to the exit door, dry-bulk rates headed downward and broader markets suffered from negative economic data.
Navios denies buy The sale-and-purchase market is rife with rumours that a member of the Navios group of companies recently acquired a capesize bulker from Daiichi Chuo Kisen.
Bulkers binned It appears that a diversified Indonesian operator has parted ways with two of its eldest panamax bulkers.
Rates retreat Day rates for suezmax and aframax tankers trading in the spot market are starting to slide, a leading investment bank told clients Monday.
Montague in charge Norwegian Cruise Line has appointed Jason Montague as president and chief operating officer of Prestige Cruise Holdings, its newly acquired brand.
IHB takes over Odessos Shipyard group Industrial Holding Bulgaria (IHB) has boosted its investment in the Odessos yard in Varna.
Gadkari's shot in the arm India's shipping minister Nitin Gadkari has revealed new plans to boost an industry "on the verge of collapse."
Viking funds 10 newbuilds Viking River Cruises has turned to its long-term lender KfW IPEX to fund 10 vessels under construction at Germany's Neptun Werft shipyard.
Golar launches buyback Golar LNG has sprung a new share buyback programme just days after a stronger than anticipated third quarter performance.
Fesco feeling better Russian group Fesco's boxship operation has returned to profit in the third quarter as revenue jumped.
VLCCs regain "mojo"? VLCC rates spiked last week as Clarksons questioned if the big tanker market has rediscovered its "mojo".
Hegnar short so far A takeover offer for Norway's Hurtigruten led by chairman Trygve Hegnar has so far fallen short of its target.
Bulker free to go A Turkish cargoship facing federal seizure in the US is free to go after its owner posted security.
Cancellation frenzy Three shipping companies have seen contracts culled by oil giants Rosneft and ExxonMobil following a "freezing" of 2015 operations in the Kara Sea.
Sincere down again Taiwan's Sincere Navigation has logged less profit in the third quarter as costs rose.
NAT in $2.56m stock buy Nordic American Tankers has boosted its holding in its platform supply vessel spin-off.
Stateside celebrations US shipping analysts have raised a holiday glass to OPEC for its decision to keep oil production unchecked.
Hijacked tanker found An Indonesian tanker hijacked nearly two months ago has been located by the Thai navy.
Woqod buys Chinese tanker Qatar's Woqod Marine has snapped up a Chinese bitumen tanker to fulfil a state contract.
Cosco wins livestock carrier Cosco Corp (Singapore) has scooped a $30m order for a livestock carrier.
Seabourn's second Carnival's Seabourn has signed up for another luxury cruiseship at Fincantieri in Italy.
KPMG stakes OW claim The liquidator of bankrupt OW Bunker's Singapore units has said the group's main lender ING does not have the right to chase all debts owed by the companies.
Search on after sinking A search has been launched off Bangladesh for 26 missing fishermen after their boat sank in a collision with a cargoship.
Vroon fixes newbuild Dutch owner Vroon Offshore Services (VOS) has found four years' work for a new anchor-handler.
JMU bags LNG newbuilding Tokyo Gas Co has exercised the first of three LNG carrier newbuilding options at Japan Marine United (JMU).
Bottom feeding Bulker owners look to be returning to the second hand market, tempted by prices significantly down from the start of the year.
Black Friday US department stores weren't the only places having a fire sale Friday as offshore and gas related stocks saw a massive sell-off.
Strike Club hikes cover 10% A 10% general increase in the cost of cover for claims arising from shore based labour disputes has been announced by the Strike Club which insures ship operators against vessel delays.
Traders find new jobs Monday sees a new beginning for five former OW Bunker employees as they start new jobs following the company's collapse last month.
Hafnia posts a loss Hafnia Tankers has reported a second consecutive quarterly loss as costs continued to outweigh revenues.
Barbados Port plans incentives for energy-efficient vessels Programme is in collaboration with RightShip.
In-hull retrofit on LNG tanker is industry's first Installation of dual-fuel engine done in less than six weeks, no docking required.
Lowering flash point limit 'highly controversial' Changing limit 'in the belief that it will lower the price, may well prove a step too far for the regulators,' says ICS.
ECAs: 'Need for tough compliance regime is undeniable' Maersk remains worried that plans for enforcing the new sulphur regulations in the European ECAs remains weak.
Turkish player launches second barge fitted with MFM Cye Petrol aims to fit mass flow meters to all its bunker barges by 2016.
Shipping industry 'fully committed' to ECA compliance, says ICS US approach to enforcement 'relatively clear' unlike some of the national authorities in Europe.
Suppliers challenge OW receivers' right to unpaid bunkers Shipowners in double trouble as physical suppliers say retention of title in contracts mean they, and not OW, must be paid.
Bunker hubs see prices fall some 10% in seven days Brent crude oil fell to a five-year low on Monday.
Sulphur rules could boost Mediterranean bunker demand Market could grow by 4% a year.
Cyprus terminal testing its systems VTT Vasiliko could be in operation by mid-December.
New additive for LS MGO Japanese firm claims industry first in developing dual-property product.
Text messages between OW & Dynamic top executives leaked Content of messages indicate exposure to Tankoil.
Shipping firms profit from lower crude prices Teekay sees savings of $2,400 a day for every $10 drop in crude.
Japanese shipping firm buys tri-fuel newbuild Vessel due for delivery in 2017.
South China fuel oil imports decline on month Figure down due to weak demand from bonded bunker sector, says sources.
Maxcom adds to commercial team Tommaso Panzeri has joined the firm's Genova team.
Ex-OW Bunker traders manning new Dan-Bunkering office Aalborg unit opening as of December 1, says firm.
Shell backs project to enhance ship efficiency 'There is a lot of opportunity to improve in the area of ship safety and efficiency,' says ship science expert.
'Bigger players' gaining from OW collapse 'Cash-rich trading companies have been among the first to benefit from the collapse of OW Bunker,' say Singapore sources.
Box shipping firm tests wind power system Starts sea trials of system which claims bunker savings of over 10% in 'favourable' conditions.
'Hard times' ahead following OW debacle Credit analyst warns life could become difficult for independent bunker players.
New revisions to the H2S test method Updated version of test method used to detect toxic gas in fuel referenced in ISO 8217.
Cockett opens new office Two bunker traders now based in Istanbul, Turkey.
Report reveals fuel smuggling operation in Thailand Many, including a tanker owner, alleged to benefit from scam.
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