Shipping leader slams EU regulatory interference UK Chamber president urges industry to be more vocal on business matters
See you in Piccadilly Future of LNG shipping to be aired at Informa's LNG shipping conference
StealthGas clinches bank finance for growing LPG orderbook Two more vessels ordered as owner charters six with purchase options to unidentified owner-operator
US civil engineers sound warning over 'mediocre' ports Influential professional body calls for federal investment and a national freight strategy
Euronav denies OSG tankers deal Belgian owner refutes talk of $260m VLCC and aframax purchases
Steady as she goes for scrapping sales Brokers report a busy week despite fickle sentiment in the subcontinent
Panama peace talks extended Canal authority and building consortium seek to avert threatened suspension of works
Goldenport reduces loss in 2013 as dry bulk optimism rises London-listed owner eyes bulkers but says containership recovery 'unpredictable'
Customers could face fines under tougher China export rules, warn box lines New rate and contract regulations take effect on February 15
US box imports hit a six-year high Mediterranean Shipping Co was the largest carrier of US-bound boxes in 2013 bringing in more than 2.5m teu
Rotterdam does not expect to lose volume to P3 tie-up Northern range port plays down impact of the allies' planned service reduction
Amended European proposals for CO2 monitoring and reporting draw closer Parliament agrees to include smaller ships and NOx in regional MRV scheme
Maran Gas exercises DSME options for two LNG ships Greek owner named as the buyer behind the newly announced contracts
Norway says yes to new shipping bank M&M prepares a capital issue having secured its private trading licence
Data Hub: Freight Rate Indicators The fourth quarter was a freight rate rollercoaster as prices went from low to high
Bread for everybody Mediterranean operators are facing up to the challenge of weaker volume growth and vessel cascading
TEN offering tops $86m Tanker owner's stock bucks the Dow's downward trend with successful offering
DSME books two liquefied natural gas carriers in $404m deal Order for unnamed European owner will be delivered in 2016
Ruling reshapes steel damage claims English court judgment grants cargo interests a new weapon in rust disputes
UASC exercises options for six more 14,000 teu boxships Dubai-based carrier's 20-vessel fleet upgrade is worth more than $2bn
More costly loans could be around the corner European Central Bank to scrutinise shipping books
Cruising for a bruising As passengerships grow ever bigger, will port residents continue to welcome them?
StealthGas tops off fleet expansion NASDAQ-listed StealthGas has acquired two more 'eco' LPG newbuilds and provided an update on expansion financing and management changes
Scorpio Bulkers adds charter-ins NYSE-listed newcomer Scorpio Bulkers has complemented its newbuild programme with five charter-ins
Indonesian trade minister targets presidency Indonesian trade minister Gita Wirjawan announced he was standing down on 31 January and joining the race for the Democratic nomination for the presidential election in July
Diver dies at Costa Concordia salvage site The Italian prosecution service has begun an investigation into the death of a Spanish diver working on the operation to remove the wreck of the Costa Concordia from the island of Giglio on 1 February
Tax bill leads to net loss for Havila A tax bill that Havila Shipping contested led to a net loss for the listed Norwegian offshore services vessel owner in the final quarter of 2013
Oil spill after VLCC collides with pipelines A major oil spill has occurred off Yosu, South Korea on 31 January, after a VLCC collided with oil pipelines, said the Korea Coast Guard
UASC places largest ever newbuilding order United Arab Shipping Company (UASC) has exercised its options for six more 14,000 TEU vessels at Hyundai Heavy Industries (HHI) bringing the total order to 16 ships
Philippines STCW derecognition could result in 80,000 job losses Philippines senate leader Franklin Drilon has warned that 80,000 Filipino seafarers could lose their jobs if the European Union (EU) carries out its threat to derecognise their Standards of Training, Certification and Watchkeeping (STCW) certification
EU project looks at 'self-healing' coatings An EU-funded research project at the Center of Maritime Technologies in Hamburg, Germany, is exploring new approaches to through-life asset management
Frontline issued 8.8M new shares in January Frontline, the listed VLCC and Suezmax operator in John Fredriksen's business empire, said it had issued 8M in shares in January under an 'at the market' programme it launched in June 2013
Cyclone Fletcher crosses Australia's Gulf Australia's Gulf ports remained open today (3 February) as Tropical Cyclone Fletcher approached the second cyclone in as many weeks
Abbot Point dredging gets the final nod Australia's Great Barrier Reef Marine Park Authority (GBRMPA) has approved the dumping of 3M tonnes of dredged material at sea during the expansion of the Abbot Point coal port on the Queensland coast
Indonesia to ratify MLC by presidential decree A 40-person delegation from the Indonesian Maritime Council met last week with the Indonesian President Susilo Bambang Yudhoyono and the country's Minister for Transport to call for the immediate ratification of the Seafarer's Bill of Rights (MLC)
Saia Boosts Revenue and Profit, Sees Rising Demand Less-than-truckload carrier Saia rolls into 2014 with stronger revenue and profit, thanks to shipping demand that continued to increase in January, despite disruptions caused by winter storms. Saia's revenue, 2008-2013The John's Creek, Ga.-based carrier's LTL tonnage was up 3.2 percent year-over-year in January, following a 7.4 percent increase in December and...
JAL's Profit Sinks Japan Airlines Corp. (JAL) said on Jan. 31 that its group net profit tumbled in the first three quarters of fiscal 2013, which started on April 1, 2013, from a year earlier, despite increased revenues from both passenger and cargo operations. JAL posted a net profit of ¥123.5 billion yen (US$1.2...
ANA's Net Profit Tumbles Japan's ANA Holdings Inc., the parent firm of All Nippon Airways Co. (ANA), said on Jan. 31 that its group net profit nosedived in the first three quarters of fiscal 2013, which started on April 1, 2013, from a year earlier, despite a sharp rise in international cargo revenue. A recovery...
Profitable ABF Prepares for Stronger Shipping Demand Stronger shipping demand, higher truck rates and savings from a new five-year labor agreement combined to deliver a solid increase in revenue and return to profit in 2013 for Arkansas Best and its less-than-truckload subsidiary ABF Freight System, the sixth-largest LTL trucking company. ABF's return to profitability Full-size chart ABF ended 2013 with...
Guenther Succeeds Waterworth at Houston Port Roger Guenther, deputy director of operations at the Port of Houston Authority, has been named executive director following the abrupt retirement of Leonard Waterworh. Waterworth, a retired Army Corps of Engineers colonel, announced his retirement at the Jan. 31 port commission meeting. He said he wanted to pursue other opportunities, including...
Panama Canal Exec Slams Nicaraguan Canal Idea SEA ISLAND, Ga. - A canal through Nicaragua connecting the Atlantic and Pacific oceans will cost double proponents' estimate and will likely never be built, the No. 2 official at the Panama Canal said today. "We don't see how that project will be ever constructed because it doesn't make economic sense,"...
STB to "Explore" Competitive Switching Issues in March WASHINGTON - The types of questions posed by Surface Transportation Board commissioners to railroads and shippers in late March could give some indication on how the trio, particularly its newest addition, views a controversial competitive switching proposal. The STB said it will hold a hearing on March 25-26 to "explore issues"...
Lifting Economic Clouds to Boost Asian Exports If, as Bob Dylan once famously croaked, "The answer is blowin' in the wind," then Asia's macroeconomic weather vanes are indicating fair to medium tailwinds, albeit with a risk of low pressure. The outlook certainly looks better now than it did a year ago. Fourth quarter 2013 data from major markets...
P3, G6 Alliances Slow Container Ship Lay-Ups The impending launches of the P3 and G6 alliances have contributed to fewer ships being laid up and services withdrawn despite weak demand as non-aligned carriers fear losing market share to their larger rivals, according to Drewry Maritime Research. Asia-Northern Europe sailings cancellations in the fourth quarter of 2012 versus the...
United Arab Shipping Co. Orders Six More Mega-Ships United Arab Shipping Co. today said it has exercised an option for six additional 14,000-TEU container ships, taking its total order book to 16 vessels worth more than $2 billion. The Kuwait-based carrier placed a firm order for 10 ships, including five 18,000-TEU vessels, at South Korean shipbuilder Hyundai Heavy Industries...
CMA CGM Upgrades Oceania-US Service CMA CGM has upgraded its Oceania-U.S. service to a weekly frequency with the addition of a second string to its PAD service, which will take effect in the beginning of March. Port rotation of CMA CGM's new PAD 2 service. Full-size image The new PAD 2 service will complement the existing fortnightly PAD...
C.H. Robinson Expands Welch's Grape Distribution Globally EDEN PRAIRIE, MN (January 30, 2014) - C.H. Robinson, one of the world's largest produce and logistics companies, continues to expand Welch's' Fresh Grapes globally. To mark the occasion, Welch's® Fresh Grapes and other produce offerings will be showcased at the C.H. Robinson booth during the Fruit Logistica show in Berlin, Germany...
Kane Is Able Expands Distribution Operations to Detroit DETROIT, MI - January 30, 2014 - Third-party logistics provider Kane Is Able, Inc. (KANE -- www.kaneisable.com) will add a distribution center in Michigan to its national distribution network in early February, 2014. KANE is opening the operation to address growing customer demand in the Detroit market. KANE will be moving into a...
SALT passes taste test Scorpio Bulkers made waves on Wall Street Monday after adding chartered tonnage to its fleet of bulkers and many believe more contracts are going to materialise in the weeks to come.
Wells upgrades DSX A leading Wall Street equity analyst is urging clients to accumulate shares of Greek bulker owner Diana Shipping.
Boost for Piraeus Passenger traffic at the Greek port of Piraeus has fallen 1.7% in 2013, but container business is booming.
Onassis logs in The Alexander S Onassis Foundation paid out $30m last month to buy 1.9 million shares in Peter Livanos's Gaslog and take its holding to 6.9 million shares - equivalent to an 8.4% stake.
Dutch courage JR Ship Investments buys out Commerzbank mortgages with sweetened bond issue
Nanjing to lose more Shanghai-listed Nanjing Tanker is predicting a slight rise in its net loss for 2013.
FRO's wriggle-room John Fredriksen's Frontline has secured its continued operation through a recent share sale, DNB Markets says.
SALT hits the water Scorpio Bulkers, the Emanuele Lauro-led company which has raised some $900m to order 74 newbuildings, has suddenly leapt into the time-charter market.
Stealth fixes newbuilds Greece's StealthGas has found term employment for the first two of its series of Japanese eco-newbuildings.
Vafias steps in Stealthgas CEO Harry Vafias is taking over financial duties on a temporary basis after the company lost its CFO last year.
Naikai Zosen knocked Naikai Zosen has reported a JPY 1.7bn operating loss for the first nine months of 2013 compared with a JPY 3.1bn profit in the same period of the previous year.
Two more for StealthGas Harry Vafias-led StealthGas has added a couple of small gas carriers to its Japanese orderbook.
Mercator slashes loss Indian owner Mercator has reduced its deficit in the first nine months as costs fell and one-off expenses were lower.
UK tax break is handy An investment firm which specializes in the UK's Enterprise Investment Scheme (EIS) is setting up a company to acquire and operate a handymax bulk carrier.
Oceania expansion France's CMA CGM is adding a second string to its Oceania to US service.
Ro-ro trio released Three Indian crewmen have been freed after Nigerian forces carried out an operation against gunmen in Rivers state.
12 crew feared dead Indian seafarers missing after grounded cargoship sinks off Yemen.
Goldenport to bulk up Goldenport Holdings chief executive John Dragnis says the company will acquire more bulk carriers and cut back on boxships in 2014 as the dry cargo sector has moved into profitably.
Stanford ties up PSV Dubai's Stanford Marine has fixed a supply ship into Angola for five years.
Kleven linked to Gdansk Norwegian shipbuilding group Kleven Verft is considering a move for Poland's struggling Gdansk Shipyard.
DSME inks LNG double South Korean shipbuilder DSME has added two more LNG carriers to its orderbook for Greece's Maran Gas Maritime.
Swiber in strong start Swiber Holdings has made a promising start to 2014 with five contracts worth $235m for itself and its subsidiaries.
ZPMC plans conversion Shanghai Zhenhua Shipping Co (ZPMC) is to convert a LR2 product tanker into a semi-submersible heavy lift vessel.
VLCC in Yeosu prang An Ocean Tankers owned VLCC has collided with a jetty at the South Korean port of Yeosu.
Malaysian MPP freed Malaysia's Geniki Lines looks to have found the $45,000 necessary to secure the release of one of its ships arrested in Singapore.
FMCSA says study shows HOS restart provision 'effective' This recent research is considered one of the largest real-world studies ever conducted with commercial truck drivers, and included 106 participants, 1,260 days of data and nearly 415,000 miles of driving.
Panama Canal talks to continue through Tuesday The Panama Canal Authority announced Friday that discussions will continue until Feb. 4 with Grupo Unidos por el Canal in an effort to find a solution that will allow the canal expansion project to remain on track.
Guenther replaces Waterworth as Houston port director Leonard Waterworth caught city officials by surprise with his announcement Friday that he resigned as head of the Port of Houston Authority, effective immediately. Roger Guenther was named executive director.
GAO recommends study of mariner training
Ollie's to build big DC in Georgia
WRDA bill exemplifies ports' frustration with fed gridlock
Hyundai to build 6 more 14,000-TEU ships for UASC Liner carrier United Arab Shipping Co. said the total order is worth more than $2 billion including all options. The containerships will be delivered later this year through the first half of 2015.
K+N partners with Commodity Forwarders
Drewry says carriers reluctant to lay up containerships
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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