Time to reduce dependence on Russian gas further Lithuania is showing the way as Europe worries about energy security
Ukraine latest: shipping risk analysis update Implications for insurance and commodities so far muted, but shipping operations remain under review
Ukraine conflict could change global LNG shipping trends Europe could be forced to stop reloading cargoes for export to higher-priced markets
Star Bulk bounces back to profit Greece-based bulker owner placed new orders before 15% price rise
Russia-Ukraine tensions have yet to affect tanker movements, says broker Optima says Greek owners are watchful but have yet to impose a premium for port calls
Box line reliability slides again in January SeaIntel Global Liner Performance finds Maersk losing its crown to Hamburg Süd
Container shipping keeps a close watch over Crimea crisis Seafarer safety is boxlines' priority as Ukraine puts Sevastopol naval fleet on alert
Owners and states must ratify Hong Kong recycling convention, says Sekimizu IMO urges shipping industry to comply faster with ballast-water and SOx deadlines
Bechtel wins Louisiana International Gulf Transfer Terminal service deal US port with 2m teu start-up capacity targets traffic from expanded Panama Canal
Logistics giant Panalpina outperforms the sea freight market Swiss firm increased its maritime volumes 8% against last year's 3% industry average
Sekimizu speaks out over Maritime Maisie place of refuge row IMO secretary-general asks all parties to 'take action to avoid what we do not want to see'
Russian vessel blocks entrance to Ukraine port of Sevastopol Commercial shipments continue at Crimea hub despite tensions, say shipping sources
Our small tankers are still important, says James Fisher chief Firm holds on to coastal and shortsea vessels amid stable clean petroleum product demand
Torm attributes reduced annual loss to stronger product tanker demand Medium range tonnage increases its spot market earnings by 31% on-year
US west coast ports appeal to retailers, despite expanding Panama Canal Pacific terminals offer competitive intermodal service to US shippers importing from Asia
Widdows sees limited scope for container shipping consolidation But Rickmers boss urges mega-alliances to co-operate when investing in tonnage
Paragon books newbuild trio NASDAQ-listed Paragon Shipping has added three fuel-efficient Kamsarmax bulker orders to its growing newbuild portfolio
Shipping leaders to lobby Brussels for Operation Atalanta extension Shipping leaders will meet in Brussels today to lobby the EU to extend its antipiracy Operation Atalanta for two more years
Bourbon sees strong offshore growth ahead French offshore vessel operator Bourbon said today that it expected spending in the deepwater offshore sector to increase by 10% per year for the next three years
DS Torm forecasts red ink for this year DS Torm has reported a sharp reduction in loss last year but forecasts a further net loss for 2014, although operating result (EBITDA), which turned positive last year, should remain in the black
Pan Ocean pushes for M&A Pan Ocean announced today it had made the first move in a mergers and acquisition (M&A) process
Sand bolsters Asian Supramax market Sand shipments within Southeast Asia have been supporting the Supramax market in Asia in the absence of Indonesian ore exports, market players told IHS Maritime today
EOC wins $100M charter contract Singapore's EOC, provider of offshore oil and gas development and production solutions, announced today that it had won a contract worth approximately $100M including options
Ezion wins rig charter Singapore-based oilfield service provider Ezion Holdings said yesterday evening that it has entered into a contract to provide a jack-up rig to support a South Asian national oil company with a value of approximately $87.6M over a three-year period
Rickmers Maritime Trust retrofits ships Rickmers Maritime Trust has begun retrofitting its fleet of 16 container ships
Epic Gas charters two tanker newbuildings Singapore-based Epic Gas announced yesterday that it had entered into new inward bareboat charter contracts for two newbuilding LPG carriers
Longtime Shipping Executive Conrad Everhard Dies Conrad H.C. Everhard, who spent decades leading shipping lines serving the United States, has died. A 1958 graduate of Georgetown University's School of Foreign Service, his long career included early positions with United States Lines and the Massachusetts Port Authority. From the early 1970s until 1990, he held executive roles -...
Looming Health Care Tax Could Shorten West Coast Labor Contract Pacific Maritime Association President James McKenna talks with JOC senior editor Bill Mongelluzzo at the JOC's TPM conference.LONG BEACH, Calif. - An estimated $150 million annual Obamacare tax on the generous health care plans enjoyed by West Coast dockworkers may lead to only a three-year contract rather than a six-year contract...
NYK Group / Ceres Terminals' DiVirgilio Retires Michael DiVirgilio, senior vice president, development, of Ceres Terminals, is set to retire on April 1 after several years at the terminal operator. DiVirgilio came to Ceres in 2006, and since then has been responsible for developing new business and expansion opportunities for the Ceres Group's North America operations. Before joining Ceres,...
Softeon Delivers Supply Chain Industry's Most Powerful Supply Chain Execution Capabilities for Third-Party Logistics Providers (3PLs) Reston, VA (March 5, 2014) - Softeon, provider of the industry's most functionally-rich supply chain software, continues to gain significant market traction in the third-party logistics sector, with a powerful set of capabilities and solutions for 3PLs that enable them to improve their own performance.Softeon's support for 3PLs can also be...
Ex-Im Bank Names James Burrows as new Senior Vice President for the Small Business Group Washington, D.C. - The Export-Import Bank of the United States (Ex-Im Bank) announced today that James G. Burrows, Jr. has been named the new Senior Vice President for the Bank's Small Business Group. "Jim is a seasoned professional with public and private expertise in the field who will lead Ex-Im Bank's...
Penske Logistics Mexico Names New Sales Leader READING, Pa., March 5, 2014 - Penske Logistics Mexico has named Pedro Sanchez as its Sales Director. Based in Saltillo, Mexico, Sanchez is responsible for strategic business development that extends into new verticals. Sanchez joins Penske from international supply chain provider UTi Worldwide where he was Director of Client Solutions and Business Development Manager....
Two Lessors Plan LA-LB 'Gray Chassis' Pool Two intermodal chassis providers have unveiled plans to cooperate in a "gray" fleet of 68,000 chassis that could be interchanged at 11 container terminals in the ports of Los Angeles and Long Beach. Direct ChassisLink Inc. and Flexi-Van executives outlined their plans at a meeting of the Harbor Trucking Association of...
SSA Sorts Containers to Speed Pickups Edward DeNike, president of SSA Containers, addresses an audience at the JOC's TPM conference.LONG BEACH, Calif. - Ed DeNike has little confidence in drayage appointment systems at container terminals but says SSA Containers has speeded the flow of containers by sorting them for truckers to pick up as a block instead...
Panalpina Returns to Profit Panalpina returned to profitability in 2013 as a market-beating performance in the ocean container and air cargo markets offset anti-cartel fines in the U.S. The global freight forwarding and logistics group booked a net profit of 11.7 million Swiss francs ($13.1 million) compared with a loss of 71.8 million francs ($80.4...
Thoughts From a Maritime Industry Leader The JOC's Peter Tirschwell (left) with maritime industry leader Ronald D. Widdows onstage at TPM.LONG BEACH, Calif. - No, container lines won't be able to get freight rates to sustainable levels for some years to come. No, the new alliances will not bring an end to rate volatility. No, there will not...
INTTRA Program Ranks Carriers, Regions by Data Quality LONG BEACH, Calif. - INTTRA is launching a new program that will enable small shippers to get better visibility into their supply chains and also help carriers clean up errors and gaps in the data they collect on container movements. The result, INTTRA says, will provide substantial time and cost...
Port Analyst: States, Cities Should Back Up Deepening Aims With Cash J. Stanley Payne at the JOC's 14th annual TPM conference in Long Beach.LONG BEACH, Calif. - The U.S. federal government should not only use all collected Harbor Maintenance Taxes on port projects, but should also require states and cities to put more skin in their game to reduce questionable deepening...
FedEx Freight to Raise Base Rates 3.9 Percent FedEx Freight will raise its general base rates an average of 3.9 percent March 31, as shippers and trucking companies anticipate higher volumes and tighter capacity this spring. The trucking arm of FedEx is the first less-than-truckload carrier to announce a general rate hike this year, but follows FedEx Express and...
McKenna Optimistic on West Coast Contract Negotiations James McKenna of the Pacific Maritime Association addressing an audience at the JOC's TPM conference.LONG BEACH, Calif. - The chief negotiator for waterfront employers on the West Coast is optimistic that the Pacific Maritime Association and the International Longshore and Warehouse Union will reach a contract agreement this summer without a...
Star Bulk mulls dividend Star Bulk Carriers hinted that it is mulling its first dividend in more than a year after reporting a better-than-expected fourth-quarter result.
PRGN pens $92m order Paragon Shipping of Greece has inked a $92m contract to construct three kamsarmax bulkers at a shipyard in China.
Star Bulk target hiked Maxim Group hiked its stock price expectations for Star Bulk Carriers after the New York-listed owner posted better-than-expected earnings today.
Persecution claim not barred Claims of political persecution by Russian authorities are not barred in shipping entrepreneur Vitaly Arkhangelsky's legal fight with Bank Saint Petersburg, a UK judge ruled today.
SFL takes in $150m John Fredriksen's Ship Finance International (SFL) has walked away from the Norwegian bond market with $50m more than it expected.
Cruise impact low UBS Investment Research foresees little impact on cruise lines from the current chaos in Ukraine.
LDA orders four more France's Louis Dreyfus Armateurs (LDA) has gone back to China for another quartet of bulker newbuildings.
Star Bulk ends losing run Star Bulk chief executive Spyros Capralos hailed the company's "radical transformation" as it returned to profit after two years of losses.
ABG to borrow big India's ABG Shipyard is considering borrowing up to INR 200bn ($3.25bn) to bolster its operations after striking a debt deal with existing lenders.
Anti-cartel raid seizes ore The Mexican government has seized 119,000 tonnes of iron ore at the port of Lazaro Cardenas that it said could be part of a drug cartel's illegal export operation.
Closing the gap Torm CEO Jacob Meldgaard has outlined what the company needs to do to return to profit after cutting its 2013 loss.
Danaos scraps two more Danaos Shipping appears to have scrapped its final two containerships languishing in cold lay-up.
OW Bunker ups earnings Danish fuel supplier and tanker owner OW Bunker has increased 2013 profit as volumes and revenue increased.
Ezra scores $125m Ezra Holdings has taken its contract wins past the $200m mark this year including more work for its fast growing subsea unit EMAS AMC.
TB scare revealed A Norwegian cargoship crew were quarantined in the US after one man was diagnosed with tuberculosis (TB).
Tianjin taps Avic Trust Chinese container line Tianjin Marine is seeking a short-term loan of CNY 250m ($40.79m) to boost working capital.
Bourbon profit soars French offshore shipping giant Bourbon has posted a big jump in annual earnings as day rates increased.
ITC confirms Ulysses sale Frontline-controlled International Tankers Corporation (ITC) has confirmed the sale of a 15-year-old VLCC.
NCL owners selling again Two major shareholders of Norwegian Cruise Line Holdings (NCL) look set to bank another $500m from a secondary offering of its stock.
Pan Ocean opens the door Restructured Korean owner Pan Ocean has signalled a potential merger or acquisition deal by appointing Samil PricewaterhouseCoopers as its advisor.
SFL eyes $100m John Fredriksen's Ship Finance International (SFL) is turning to the Norwegian bond market two days after announcing a move for seven distressed German boxships.
Subsea 7 plans payout Shareholders in Kristian Siem-led Subsea 7 are set for special dividend of 60 US cents per share for the second year in a row.
Cabotage row brewing A group of overseas container lines are planning to protest against cargo protection for state carrier Bangladesh Shipping Corp (BSC).
Torm slashes loss Danish tanker and bulker owner Torm has been boosted by improved products markets in 2013, as its deficit was cut.
Zaliv plunges to loss Kerch-based Zaliv shipyard has recorded a deficit for 2013.
Ezion wins jack-up job Ezion Holdings has won a contract to provide a jack-up rig to support a South Asian based national oil company.
VLCC in piracy scare A VLCC sailing off Oman has been caught up in what it thought was a potential pirate attack, according to details just released.
Petredec wins bank funds Petredec has secured a $200m loan facility from a consortimum of banks to go towards its VLGC newbuilding programme.
US court fines Odfjell Odfjell has pleaded guilty in the US to polluting international waters using a 'magic pipe' and has been fined $1.2m.
Chemical tanker arrested Singapore's admiralty sheriff has arrested a Hong Kong-owned chemical tanker court documents show.
ATBs in vogue Harley Marine Services of the US has penned a contract to construct two tank barges that are among the largest units it has ever ordered.
Moelis plans IPO Moelis & Company is looking to raise up to $100m from an initial public offering in New York.
PMA head predicts contract will be reached without disruption The president of the Pacific Maritime Association said that while negotiations with the union may go past the July 1 expiration date for the current labor pact, he expects an agreement to be reached without a labor stoppage.
UPS to buy 1,000 propane vehicles The trucks will be used first in rural Oklahoma and Louisiana in early 2015, where they will replace vehicles that run on gasoline and diesel, but UPS plans on expanding the program to other states.
DHL adds emissions reporting tools
UTi completes big step toward recapitalization
Cargo thefts flat in 2013
Welch's picks Transplace TMS
Protest disrupts Portland container terminal
Harley Marine contracts for 2 new tank barges
Ship owner, crewman plead guilty to dumping oily bilge Singapore-based Odfjell Asia II Pte Ltd. and one of its senior crewmen pleaded guilty Monday in federal court in Hartford, Conn., for violating the Act to Prevent Pollution from Ships, the Justice Department said.
Washington Notebook: Obama budget offers pluses, minuses for goods movement
Troy partners with Basic Warehousing in Chicago
EPA cracks down on Chinese vehicle importer The vehicles were manufactured in China and imported into the United States between 2007 and 2013 without the required certification indicating that emissions would meet federal standards, EPA said.
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