Ukraine shipping risk analysis Ports working normally but at least one owner considering call cancellation. Lloyd's List Intelligence outlines 2013 port call data
Seaspan mulls return to Yangzijiang for up to six more 10,000 teu ships New York-listed boxship owner has eight available options at yard
Nichihiko sale points to continuing rise in vintage VLCC values Tankers aged 15 fetch $28m, up from $22m in November, Clarkson reports
Breakers opt for caution amid price and political volatility Free to read: Industry fears cash buyers are paying prices that market fundamentals do not support
DHT hails crude tanker freight market 'turning point' Recovery helps New York-listed firm to slash its annual losses
Crude tanker market supports growth in one-year time charters Free to read: Suezmaxes booked for 12 months earn $21,100 a day, up from $16,500 in December
LDA sells Fairmount Marine to Boskalis Consideration undisclosed, but said to amount to six times ebitda
K+N is 'back on road to profitable growth' But volatile rates dampened the logistics giant's turnover from sea freight
STX O&S lands a big order from Navig8 Yard secures its first win under new management after two liquidity bailouts
Ship Finance International pounces on secondhand panamax vessels New-York listed company buys seven panamax boxships from KG fund
Marenave expects to book a $138m non-cash impairment Rise of eco-ships will reduce the operational life of fleet, says Hamburg manager
Revived SeaLand eyes reefer and feeder trades Maersk's intra-Americas unit will operate smaller vessels up to 2,700 teu
Vancouver responds to hauliers' grievances Canada's largest container gateway faces new industrial action in dispute with truckers
Why the Asia-Europe trade is not a lost cause Sheer size will ensure that the route remains container shipping's star performer
Lower volumes push Samudera to a yearly loss Indonesia-based carrier sees drop in intra-Asia and coastal shipping demand
Singapore port and DNV GL sign joint research pact Firms plan to work on energy-efficient design and better environmental management
View from the Bridge: Ulrich Kranich The Hapag-Lloyd executive board member and Box Club chairman talks exclusively to Containerisation International
Hapag-Lloyd brings takeover experience to merger talks Positive lessons learned from 2005 acquisition of CP Ships
Jack Kruse remembered Box Club is the legacy of former Hapag-Lloyd chairman who died in February
Stolt-Nielsen plans $165m bond market money grab Proceeds will repay debt and cover other general purposes
Box lines must live with excess capacity, says Skou Maersk boss is pessimistic about prospects for 2016 supply-demand improvement
SFI buys box ships Ship Finance International has acquired seven container ships from the troubled German KG market but offered few details on transaction terms
Samudera posts net loss Indonesian carrier Samudera Shipping posted a net loss of $2.05M for 2013, compared with a $4.6M profit in 2012
China coastal bulk shipping continues rebound China's bulk freight rates on domestic coastal routes continued their February rebound last week, thanks to a pick-up in demand for coal at power plants
Keppel wins $500M rig order Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured a contract from TS Offshore to construct an ultra-high specification jack-up rig worth about $500M
STX O&S wins $580M order STX O&S announced that it has won a KRW620Bn ($580M) order for 12 74,000dwt tankers, including four optional ones on 28 February from Singapore-based Navig8 Product Tankers
DNV GL links up with Singapore port authority DNV GL and the Maritime and Port Authority of Singapore (MPA) signed a memorandum of understanding (MoU) on 28 February to promote research and development (R&D) and innovation in the maritime industry
Pertamina to step up in oil and gas business PT Pertamina Tbk, a subsidiary of Indonesia's state-owned oil and gas company Pertamina, has pledged to complete seven projects worth $340M
Income tax negates AVIC's higher profit Singapore-listed Chinese shipbuilding group AVIC International Maritime Holdings posted a higher gross profit for 2013, but net profit was lower from 2012 due to higher income-tax expenses
Arbitrage reopens for US LPG flows to Asia Falling prices of US LPG has re-opened the arbitrage for spot exports to Asia
FSL Trust loss worsens to $65.2M Singapore's First Ship Lease Trust fell deeper into the red with a $65.2M loss for 2013, an $8.387M loss for 2012
FedEx's Smith Attacks 'Systemic' Protectionism Fred Smith addresses the TPM 2014 conference crowd.LONG BEACH, Calif. - A rising tide of protectionism, combined with "low-growth" policies, is impeding the global economic recovery and could threaten historic levels of prosperity, Frederick W. Smith, the chairman, president and CEO of global transport operator FedEx, said today. Speaking at the...
TRAC Plans to Enter Drayage Market TRAC Intermodal, the United States' largest provider of intermodal chassis, plans to extend its services into drayage, said CEO Keith Lovetro. "We'll be dipping our toe in the water this year," Lovetro said in an interview at the JOC's TPM 2014 conference. "We'll begin to solicit bids and receive proposals, and...
New Worries Mount in Trans-Pacific Shipping Market 2014 is shaping up as a hopeful year for the trans-Pacific trade, at least compared with the recent past. But if you're looking for things to worry about, you don't need to look far. Besides the eternal questions of volume and rates, this year brings a new set of issues: upheaval...
Troy Container Line Announces Leeanne O'Reilly as Export Supervisor RED BANK, NJ (Feb. 27, 2014) - Troy Container Line Ltd., one of the largest American-owned NVOCCs, today announced the promotion of Leeanne O'Reilly to Export Supervisor at Troy Container Line. Based in the company's Red Bank, NJ office, O'Reilly will oversee the unification of the FCL and LCL Export departments....
World's Largest LCL service provider ECU-LINE celebrates 25 years of Leadership in the NVOCC space Hong Kong, February 21 2014: One of the global leaders in the NVOCC industry, ECU-LINE is celebrating its 25th anniversary today in Hong Kong, at an event which will be attended by more than 300 representatives including global customers and ECU-LINE's global and APAC management teams. As part of the global...
Liebherr announces large scale South African crane order Liebherr have been awarded a contract to supply four ship-to-shore (STS) cranes and 18 rubber-tyred gantry cranes (RTGs) to Transnet Port Terminal's Ngqura container facility in South Africa. The order will be fulfilled with the assistance of Liebherr Container Cranes in Ireland. The New STS cranes will have an outreach of 65 metres, a span of 30.48 metres...
US House Bill Aims to Stop Canadian Cargo Diversions U.S. Rep. Jim McDermott, D-Wash., today introduced legislation that would replace the Harbor Maintenance Tax with a fee on all containers that originate internationally, the latest attempt by state leaders to stop the diversion of U.S.-bound cargo through Canadian ports. Like the companion bill of the same name introduced in the...
Air Freight Growth Lifts Kuehne + Nagel's Profit Kuehne+Nagel's operating earnings soared 20 percent in 2013 driven by market-beating growth in air freight volumes, almost doubled contract logistics profit and increased market share on the transpacific and transatlantic container trades. The global freight forwarder's profit jumped to 761 million Swiss francs ($867.5 million) last year from 633 million francs...
DFDS Eyeing Further Acquisitions DFDS is eyeing further acquisitions to consolidate its position as northern Europe's largest short sea shipping and logistics group following strong profit growth in challenging market conditions in 2013. Operating profit grew 11 percent to 1.2 billion Danish kroner ($222 million), outpacing a 3 percent increase in revenue to 12.1 billion...
Port Productivity Push to Impact ILWU Talks The past year has been tumultuous for the U.S. maritime industry, with powerful vessel-sharing alliances deploying mega-ships to West Coast ports, terminal operators consolidating their facilities, carriers exiting the chassis business and, on the national scene, implementation of the Affordable Health Care Act. All of these events will have an impact...
History in the Making If there's a theme to this year's TPM Conference, it's that 2014 is the year of the game-changer in international logistics. The changes the industry is grappling with as we congregate in Long Beach this week are profound and will define the main challenges confronting shippers, carriers, third-party logistics providers...
Inside the Box Terminal, Part V "In the Home Stretch": In the fifth part of "Inside the Box Terminal," Global Terminals' Rich Ceci updates progress toward the expansion's April 16 completion date - and discusses the impact of winter weather. Contact Joseph Bonney at jbonney@joc.com and follow him on Twitter at @JosephBonney....
IAG Cargo's Revenue Slumps on Weak Demand, Lower Yields International Airlines Group posted a double-digit decline in fourth quarter and full-year cargo revenue as soft demand and lower yields widened the gap with the Anglo-Spanish carrier's reviving passenger operations. IAG Cargo's revenue in the final three months of 2013 slumped 16.1 percent to '276 million ($381 million) from €329 million...
Unionized Truckers at Port Metro Vancouver Issue Strike Notice Unionized truckers at Port Metro Vancouver issued a 72-hour notice at the weekend that they are prepared to strike unless measures are taken to reduce long truck lines at marine terminals at Canada's largest container port. Unifor-Vancouver Container Truckers Association also demanded that the government re-appoint mediator Vince Ready to help...
Slow Progress on NY-NJ Longshore Hiring Hiring of longshoremen at the Port of New York and New Jersey is lurching forward after months of finger-pointing and acrimonious litigation. For port users, the new hires can't start work soon enough. Shortages of International Longshoremen's Association labor have helped fuel months of congestion and delays at the East Coast's...
Hide and seek Shipowners are starting to question claims that nearly all of the prime newbuilding slots at top Asian shipyards have been wiped out by the recent avalanche of orders.
ASC pulls the trigger Ardmore Shipping of Ireland is moving forward with plans to pursue a follow-on equity offering in the US.
Cape rates rise A growing number of industry forecasters believe freight rates in the capesize segment of the dry-bulk market are going to rise in the days and weeks to come.
Bumi tied to ITC buy Bumi Armada emerged as the reported buyer of a 15-year-old VLCC reported sold by Frontline-controlled International Tankers Corporation (ITC).
Trafigura plots sell-off The sale-and-purchase market is rife with reports that Trafigura is looking to offload its fleet of medium-range (MR) products tankers.
Stolt bags bigger haul Stolt-Nielsen taken away more than it expected from its trip to the Norwegian bond market.
JES loss worsens Chinese shipbuilder JES International Holdings has posted a bigger loss for 2013 as revenue collapsed.
LDA sells Fairmount French shipowner Louis Dreyfus Armateurs (LDA) has offloaded its offshore and towage arm Fairmount Marine to Royal Boskalis Westminster.
UK owner wound down Cargoship owner Independent Shipping of the UK has been wound down and all its vessels sold.
Seaspan hits the mark Seaspan Corporation reported a jump in its fourth quarter earnings that came in exactly as Wall Street analysts had predicted.
Summa eyes Ukraine deal Russian ports group Summa is considering expansion in Ukraine despite Russian military intervention in the Crimean region.
OSG raising $300m Restructuring tanker owner OSG has increased its rights issue as more lenders join its debt reorganisation plan.
SFL swoops for seven Ship Finance International (SFL) has moved quickly to boost its fleet just days after cancelling a pair of newbuildings.
Bibby adds GAC agency UK shipmanager Bibby has taken over GAC Travel in England.
Rem earnings leap Rem Offshore booked a huge rise in fourth quarter earnings thanks to firming offshore vessel markets.
Canal cash in place A financing deal has been agreed to keep expansion work at the Panama Canal on track.
Skuld: stay on board Insurer Skuld has warned crews to stay on board vessels during calls in and around crisis-hit Crimea in the Ukraine.
Euro regs failed Flaminia The fire-stricken containership MSC Flaminia (built 2001) was left distressed in European waters for seven weeks because of a failure of local regulation, according to a flag state report.
Eimskip eyes expansion Icelandic container line Eimskip is considering a second overseas listing as it seeks funds for vessel or company purchases.
Stolt eyes NOK 1bn Stolt-Nielsen is planning a major fundraiser on the Norwegian bond market.
Grimaldi bins another Italian liner operator Grimaldi Napoli appears to have scrapped another geing conro as it prepares to welcome three newbuildings to its fleet this year.
Northern clubs merge The merger of the North of England Protecting and Indemnity Association with Sunderland Marine Mutual Insurance has been formally completed a couple of weeks later than originally targeted.
Pacifica hit by measles Crew members on a Costa Cruises vessel have been infected with the potentially fatal measles virus.
Baku building 10 Azerbaijan's new Baku Shipyard has signed a deal with its parent Socar for 10 high-speed crew boats.
STX clinches huge Navig8 order Korea's STX Offshore & Shipbuilding confirmed on Monday that Navig8 had ordered up to 12 LR1s in a KRW 620bn ($578.9m) fleet expansion.
Petredec in SA move Petredec has entered into a memorandum of understanding (MoU) to lease LPG storage facilities in South Africa.
Bulker attacked off Oman A bulker has been the subject of a suspected piracy attack in the Gulf of Oman on Friday, several sources have reported.
Samudera in the red Samudera Shipping Line has slumped to a full year loss as it continues to be plagued by the poor performance of its containership arm.
Thoresen linked to trio Rapidly expanding Thoresen Shipping is being linked with the acquisition of three modern supramax bulkers.
BW LPG takes options BW LPG has exercised its options for the construction of two VLGCs at Hyundai Heavy Industries.
Perlite factory to be located in Port of New Orleans
Congressional leaders say progress made on WRDA bill A compromise between the House and Senate on a new water resources bill that would help improve inland and seaport navigation is still several weeks away, according to congressional leaders.
Highway trust fund crisis jeopardizes state projects
Carriers announce new Southeast Asia services "K" Line said it will launch two new services this month to enhance service between Japan and the Philippines, Vietnam, Singapore and Indonesia. Hapag Lloyd and NYK will also participate.
Senate urged to vote on CBP nominee Twenty-eight trade associations, frustrated by the slow pace of getting someone installed as the permanent commissioner of U.S. Customs and Border Protection, are calling for a floor vote as soon as possible to confirm Gil Kerlikowski.
Former ICAO council president dead at 89
CargoWise releases new enterprise platform, rebrands CargoWise One is intended to replace the developer's ediEnterprise platform. CargoWise also said it has rebranded itself WiseTech Global.
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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