Our small tankers are 'still important', says James Fisher chief executive Firm holds on to coastal and shortsea vessels amid stable clean petroleum product demand
Ukraine vows Crimea upheaval will not hit this year's grain crop Kiev reassures wheat and corn buyers worried about the harvest and shipping disruption
Ukraine ports remain stable as Crimea tensions continue Shipping on the alert despite Moscow promise to use troops as a last resort
Russia grain exports would benefit most from a divided Ukraine Crimea crisis raises fears that Moscow could seize farmland and key Black Sea ports
Owners consider re-routing vessels as Crimea situation deteriorates EXCLUSIVE DATA: Lloyd's List Intelligence outlines grain and steel export giant's 2013 port-calls
Egypt pledges to keep importing Ukraine wheat despite Crimea turmoil World's largest buyer has shipped out 880,000 tonnes since July
P3 efficiency to pile pressure on rivals Maersk Line results indicate level of savings that can be generated through network efficiencies
Epic Gas charters in two new Japan-built LPG ships Liquefied petroleum gas specialist also extends four additional inward bareboat charters
Rotterdam service launched to link with three UK ports Weekly sailings calling Tilbury, Felixstowe and Grangemouth will primarily cater for Italian shippers
Precious orders 12 ultramax bulkers in two China yards Selection of a smaller yard comes as availability of slots has diminished
James Fisher sees profit rise 18% Offshore oil revenue and acquisition of Divex boost results
Shippers call for earlier start on new US west coast labour contract talks TSA has written to employers' group to suggest new timetable
RCL shrinks fourth-quarter losses to $28.8m Thai carrier welcomes MOL in two intra-Asia services
Hamburg Süd boss warns of difficult years ahead Peter Frederiksen says demand upturn not enough to absorb excess capacity
US container ports could hit peak in 2014 Improved outlook in US housing and auto markets may help drive increase in global trade
P3 network under microscope Shippers concerned about benefits of mega-alliances
CSAV outlines how Hapag-Lloyd merger will cut costs Cutting duplicate services and repositioning empty boxes should save $300m a year
PMA's McKenna predicts strike-free labour negotiations Update: Employers leader expects new contract with ILWU by end-July
Suez and Panama canals neck and neck on Asia-US east coast box capacity Container lines develop new trade routes to accommodate cascaded ships
Finnlines returns to profit Shipping company Finnlines, the Grimaldi Group's Baltic subsidiary (73.4% owned), shrank by 7.5% to €564M ($771.68) followed by EBITDA's 6.8% fall to €84M that left a bottom line of +€6M following 2012's loss of €100,000
Finland and Estonia sign MoUs on LNG Memorandums of understanding signed last Friday bring to an end more than a year of intense lobbying and rivalry about where the EU's main eastern Baltic LNG terminal should be located
FEPORT appoints new SG European terminal operators' and cargo-handlers' body FEPORT has appointed business consultant Lamia Kerdjoudj-Belkaid as its new secretary general after seven months without anyone in the post
P&I clubs merge to form North Group Two British P&I clubs, North of England P&I Association and Sunderland Marine Insurance, have merged to form the North Group
Struggle for supply-demand box balance The container shipping industry will struggle to maintain balance between the supply of tonnage and the demand for it in the current year, a senior shipping analyst warns
Louis Dreyfus sells Fairmount Marine French shipping group Louis Dreyfus Armateurs (LDA) announced yesterday that it had sold its Dutch deep sea towage subsidiary, Fairmount Marine, to Royal Boskalis Westminister of the Netherlands
Eimskip plans secondary share listing Eimskip, the Icelandic shipping and logistic services group, says it is considering a secondary listing of its shares overseas as part of an expansion strategy
Sainty Marine wins Precious dozen Shenzhen-listed Sainty Marine, today announced it had secured a new order from Thailand's Precious Shipping to build 10 64,000dwt bulkers and its contract signed with the owner on 24 February to build two 64,000dwt bulkers had taken effect
RCL trims losses but still in the red Fourth quarter losses at Regional Container Lines have added to a 12-month loss for 2013 of THB1,652M ($50.78M) the Thai container shipping line said on 4 March
Stolt-Nielsen plans NK1.0Bn bond issue Stolt-Nielsen, the London based chemical carrier and tank terminals group listed in Oslo, says it is contemplating raising about NK1.0Bn ($172M) through an issue of senior unsecured bonds in the Norwegian bond market
BMT, Bibby in training tie-up BMT Group's Indian subsidiary BMT Consultants India (BMT), has announced a partnership with Bibby Ship Management, a part of the Liverpool headquartered Bibby Line Group, to deliver training for marine pilots
China Shipping bulker fined €800,000 A French appeal court has overturned a lower court verdict and imposed a €800,000 ($1.1M) fine on a China Shipping bulker for causing pollution off the Brittany coast in 2010
Carrier Mega-Alliances 'All About Cost Reduction' From left: Adam D. Hall, Dollar General; Klaus Schnede, Eastman Chemical.It is possible to think up all kinds of scary scenarios that could play out as container lines form new vessel-sharing alliances or expand existing alliances, but the primary goal of carriers is to deploy the largest ships at their...
Acquisition Will Fuel Cold Train Reefer Fleet Expansion A Michigan-based company has acquired the operator of a refrigerated intermodal rail service, known as ColdTrain, and plans to at least triple Rail Logistics' container fleet over the next five years. Federated Railways' acquisition of Rail Logistics, which it will rebrand Federated Cold Train, is the latest sign that investors are...
US Companies Mull Near-Sourcing But China Remains Dominant Source From left: Matt Priest, Footwear Distributors and Retailers of America; Chris Brooks, JOC Group; Foster Finley, Managing Director, Alix Partners; Julia K. Hughes, United States Fashion Industry Association; Alan P. Kaufman, Toy Industry Association.LONG BEACH, Cal. - The U.S. is becoming an increasingly attractive place to source manufacturing production, putting it...
Container Lines Face Challenging Times, Downward Rate Pressure From left: Walter Kemmsies, Moffatt & Nichol; Mario Moreno, JOC Group Inc.; Neil Dekker, Drewry.LONG BEACH, Calif. - Container lines will continue to face challenging times in 2014 and 2015, but if they do not order a slew of new container ships over the next two years, the supply-demand economics in...
CN Looks to Build Network Resiliency As It Grapples With Severe Winter CN CEO and President Claude Mongeau speaking at TPM on March 3.LONG BEACH, Calif. - Canadian National Railway CEO and President Claude Mongeau yesterday said the railroad is looking at ways to build more resiliency into its network as it grapples with traffic delays caused by the severest winter in...
Video From TPM: FedEx's Smith Decries Increasing Trade Barriers In a keynote speech delivered March 3 at the JOC's 14th annual TPM conference, Frederick W. Smith, the chairman, president and CEO of global transport operator FedEx, condemned the increase in trade barriers in the wake of the Great Recession of 2008-9. He warned that this "systemic" protectionism and "low-growth" policies...
Eimskip Eyes Stock Listing to Help Fund Expansion Eimskip, the Icelandic container shipping and refrigerated logistics group, is planning to list its shares abroad to help expand its operations beyond its domestic market. The company is talking with the Oslo and other foreign stock markets to list its shares, which are already traded on the Reykjavik exchange. Eimskip outlined its...
Russia's Summa Confirms Plan to Build Container Terminal in Ukraine Amid the turmoil in Ukraine, Summa, the Russian energy and transport conglomerate, confirmed plans to build a container terminal in Ukraine when tensions between Moscow and Kiev ease. The $10 billion-a-year group also plans to build a grain terminal in the southern city of Mykolayiv as part of an investment totaling...
CN's Mongeau Sees Match-Backing as Key to Intermodal Growth CN CEO and President Claude Mongeau addressing the luncheon crowd at TPM on March 3.LONG BEACH, Calif. - Canadian National Railway CEO and President Claude Mongeau sat down with JOC senior editor Mark Szakonyi at JOC's annual TPM conference to share his views on intermodal growth, the pace of the...
Ship Finance International Buys Seven Container Ships From German KG Fund Ship Finance International yesterday announced the acquisition of seven Panamax container ships from a German KG fund The NYSE-listed company said it expects to take delivery of the 2002-built, 4,100-TEU vessels in the "next few weeks." The ships, which are on long term charters to a "leading" ocean carrier, will earn on...
Seko Logistics Targets Project Cargo Market Seko Logistics is targeting the project cargo market as part of its strategy to differentiate its portfolio from high-volume integrators on the major east-west trades. The U.S.-headquartered company, which boasted revenue of $609 million last year, intends to leverage its existing global network to draw in more project contracts. "We have been...
Slight Growth Forecast for Reefer Container Cargo Forecasters expect modest growth in U.S. and global shipments of refrigerated cargoes in containers. U.S. containerized imports of reefer cargoes are expected to rise by about 1 percent next year while containerized reefer exports edge up 0.4 percent, JOC Economist Mario Moreno told a Cool Cargoes audience at the JOC's annual...
FedEx Founder Sees More Freight Riding Waves Frederick W. Smith, chairman, president and CEO of FedEx, speaking at the JOC's TPM conference in Long Beach, Calif.LONG BEACH, Calif. - Ocean shipping lines will grab even more freight from airplane cargo bellies, as international shippers shift freight toward lower cost transportation options, according to Frederick W. Smith, chairman,...
Carriers Struggle for Profitability Standing: Peter Leach, JOC. Seated, left to right: William Payne, NYK Line (North America); Mike White, Maersk Line; Wolfgang Freese, Hapag-Lloyd; Gene Seroka, APL; Howard Finkel, Cosco Container Lines Americas.Vessel capacity is exaggerated but container ship lines continue to struggle to raise rates to cover costs and meet service demands,...
Asian Airlines Confirm Strong January The latest figures from Asia's airlines confirm that air cargo demand got off to a solid start in 2014. Following on from positive throughput at regional airlines, the Association of Asia Pacific Airlines also said air cargo markets in January were "relatively firm" ahead of the Chinese New Year holidays. International air...
DHT turns to TI A campaign aimed at ensuring that Tankers International retains its title as one of the largest VLCC operators in the world appears to be paying off.
DOF courts Chloe Candies DOF Subsea of Norway has chartered a US-flag subsea vessel from Otto Candies under a broader effort to strengthen its market position in the Gulf of Mexico.
Seaspan thinks big Seaspan Corp is targeting the potential acquisition of 10 to 20 large containerships over the next 12 to 18 months, a top New York analyst said.
Boa takes Olympic vessel Boa Offshore has been revealed as the charterer of one of Olympic Shipping's subsea newbuildings.
Lenac converts cable ship Croatian shiprepairer Viktor Lenac has clinched a cable-layer conversion contract.
SALT bides its time New York-listed Scorpio Bulkers (SALT) has revealed a loss in the first nine months of its existence as it awaited vessels.
FreeSeas offloads handy Greek shipowner FreeSeas appears to have accepted a cut price fee to get an idle handysize bulker off its books.
DHT puts $1bn on the shelf Oslo-based owner DHT Holdings has registered to sell up to $1bn of securities in the US as it eyes further expansion.
Shin Yang back in black Malaysian owner and shipbuilder Shin Yang Shipping has returned to profit in the first half of its financial year as revenue climbed.
App aid for PSC checks LR and UK P&I Club get smart with new detention-busting phone guide to ISM and ISPS codes.
Pac Radiance set fair OSK DMG and Partners has kicked off coverage of newly listed offshore vessel owner Pacific Radiance with a buy rating.
RCL loses less Regional Container Lines (RCL) of Thailand has posted a lower deficit for 2013, but was hit by ship impairments and a fall in volumes.
Fisher tanker profit rises UK marine group James Fisher has seen earnings for its tankers rise in 2013 despite another vessel disposal.
FSL shares pummelled Shares in First Ship Lease Trust (FSL) have plunged on its return to trading following a three-and-a-half month hiatus.
Kerch operations normal Ukrainian owner Ukrferry says the port of Kerch in Crimea has been unaffected by the influx of Russian troops this week.
Cash injection for JES Chinese shipbuilder JES International Holdings has brought in four new investors in a share issue worth SGD 7.23m ($5.68m).
LSC loss grows Dry cargoship owner Lithuanian Shipping Company (LSC) has been hit by impairments on vessels as its 2013 loss increased.
Russia seizes terminal The Ukrainian ferry port of Kerch in Crimea has been seized by Russian forces as more troops move in.
Uljanik wins dredger Croatian shipyard Uljanik said on Monday it had won work to build a dredger.
Precious books a dozen Precious Shipping has returned to its favorite shipyard in China for another ten ultramax bulker newbuildings.
Seacor back in black Seacor Holdings has ended the year in positive territory with a return to the black in the last quarter of FY2013.
Epic adds two more Epic Gas has expanded its growing fleet with the long-term charters of two 7,200-cbm LPG carrier newbuildings.
Keppel wins $500m order Keppel Corp has won a newbuilding order for a deepwater jack-up drilling rig worth $500m from Chinese-backed interests.
PB takes Uni-Asia bulker Uni-Asia Holdings has secured a 37,000-dwt bulker newbuilding order at Japan's Imabari Shipbuilding for $25m.
NYK teams with Maersk NYK and MCC Transport have teamed-up on a new liner service linking ports in Japan, South China and Thailand.
Crisis in Crimea The shipping industry does not appear to be fazed by the crisis in Ukraine, which is at the centre of a tense standoff between the US and Russia.
Bond restructuring key to restarting Panama Canal project New cash infusions and a restructured performance bond agreed to last week to settle a contract dispute will jump-start Panama Canal construction, Canal Authority Administrator Jorge Quijano said.
YRC board member steps down
IAG adds Austin-London service
GAO: Mixed findings regarding pilot shortage The GAO's findings suggest that industry worries about a pilot shortage for U.S. airlines have been overblown. According to the Bureau of Labor Statistics, the industry will need up to 4,500 pilots each year for the next 10 years.
Air cargo up 4.5% in January Global air cargo demand in January rose 4.5 percent, year over year, after only seeing a 2.2-percent jump in December, according to the International Air Transport Association. Capacity increased by 5.1 percent.
Transpacific could see increased rate volatility
FedEx to raise freight rates
FedEx founder: Protectionism dampening trade Fred Smith, the chief executive officer of FedEx, said a rise in protectionism is one of the biggest reasons that world trade is no longer growing rapidly.
India-U.S. trade tensions escalate The U.S. India Political Action Committee last week slammed a potential move by the U.S. Trade Representative to designate India a "priority foreign country" in ongoing trade disputes between the United States and India.
ECA rules could see spike in MGO prices 'Bearish outlook' for IFO.
MGO avails tight in Cape Town Avails good in Fujairah.
Prices mainly firm across Europe But Rotterdam sees HS380 cSt prices slip.
ECA will see many vessels 'switch to LNG' 'Stringent emission requirements will come into effect in 2015. We see an additional business opportunity in that.'
BIMCO conference: Shipping emissions top agenda Regulations around ballast water and emissions 'may be the biggest game-changer since the end of the sailing era.'
Strong arbitrge volumes for March 'No shortage of fuel oil,' says Singapore-based trader.
Strike looms at Canadian port Vancouver facing disruption from truck driver action.
Samudera posts annual loss Weaker performance outweighs lower costs.
Navy biofuel demand throws up 'commercial opportunity' Australian port could supply fuel generated from biofuel from sugar cane waste.
Asian IFO market weakening Except in Tokyo Bay, where avails kept tight.
Supplier sets up in Ukrainian port Bunker at Odessa for Ukrainian ports, says company.
Russian oil major stays in profit Bunkering segment gives boost to group's bottom line.
EU to back studies to promote LNG bunkering Using LNG as a marine fuel is 'encouraged' by the European Union.
Shipping heads urge change to North American ECA boundary Appeal to be heard by US Congress.
Operators seeking out 'eco'-tonnage, says top shipping exec New, fuel efficient ships are in demand.
South China fuel oil imports up in February Due to increased activity from bonded bunker players.
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