Latest NewLead Holdings stock split takes effect Zolotas-led commodity and bulk shipping firm needs to regain Nasdaq compliance
UECC orders the world's first LNG-fuelled car carriers Nacks-built PCTCs will operate in the European emission-control area
Newcastlemaxes are 'winners' among bigger bulkers, says Star Bulk But Greece-based shipowner may not order any more ultra-capesize vessels for now
Russian coal transit cargo suspended at Crimea port of Kerch Ukraine thinktank says shipments have run into customs-clearance problems
Why secondhand ships appeal more than newbuildings, Thoresen explains Managing director Ian Claxton casts a sceptical eye on eco-ships and ordering craze
CSSC executive urges Beijing to set exhaust cap to cut ship emissions Hu wants China's waters to curb NOx and SOx to emission-control area standards
Rickmers Holding increases high-yield bond to $345m Free to read: German shipping firm funds bank liabilities, growth investments, and refinancing costs
Shipping lines praise UK move to reduce light dues Hammond caves in to pressure to cut charge per vessel call that funds navigational aids
Ship Finance International places $150m Oslo bond Quarterly coupon offers Norwegian interbank rate plus plus 4.1%
Paragon Shipping books scarce 2015 slots for three kamsarmaxes Firm orders bulkers from Jiangsu Yangzijiang in a segment that it believes to be underbuilt
HPC Ukraina reports normal working at Odessa container terminals Shipping maintains its schedules despite Russian presence in Crimea, says Battermann
Thoresen Shipping opens South Africa base Dry bulk firm cites growing demand from European and South African cargo owners
Ukraine latest: shipping risk analysis update Implications for insurance and commodities so far muted, but shipping operations remain under review
FMC fines CSAV $625,000 for alleged antitrust violations in US car trades Fine follows CSAV guilty plea last month
Box lines see little uptake of multi-year contracts US shippers stick to familiar ground
Melting Arctic ice will have less impact on shipping than expected Few vessels will use the northern sea route, Northwest Passage and transpolar lane
Cruise ships to undergo surprise exams Major casualties aboard cruise vessels in recent years have prompted the US Coast Guard (USCG) to plan a series of unannounced examinations in 2014
EU affirms commitment to pirate fight The European Community Shipowners' Associations (ECSA) has welcomed a commitment to extend the EU Naval Force's Operation Atalanta through to 2016
Ardmore upsizes public offering NYSE-listed Ardmore Shipping has increased the size of its follow-on offering, raising more funds for fleet growth
BV marine profits dip again The adjusted marine operating profits of French classification giant Bureau Veritas fell 8.3% year-on-year to €78.2M ($107.38) in 2013 despite improved conditions in the newbuilding market in the second half
Rotterdam challenges rival port subsidies The port of Rotterdam claimed today that it was losing 1M teu of container traffic per year because of unfair competition from German and Belgian ports
LR, UK P&I Club offer new apps Ship crews will be able to check whether they are meeting legislation through the new ISM & ISPS pocket checklist app from Lloyd's Register and UK P&I Club
Agents key in seafarers' welfare The Australian Maritime Safety Authority (AMSA) joined shipping agents, seafarer welfare providers, unions, and industry and government representatives in Sydney this week at a forum to promote the Maritime Labour Convention and seafarer welfare
US, Mexico Working on Mutual Recognition of Trusted Traders WASHINGTON - U.S. and Mexican shippers and transportation providers in their countries' trusted trader programs could see faster cargo processing at the shared border as soon as late 2014, Mexico's customs chief said today. Mexico is looking to give members of its trusted trader program, the New Certified Companies Scheme, or...
USTR Chief Touts Obama's Trade Agenda Amid Setbacks WASHINGTON - U.S. Trade Representative Michael Froman today gave a positive picture of the Obama administration's trade agenda success and reiterated the importance of the president gaining authority to submit two ongoing major trade pacts to Congress for a simple yes-or-no vote. Froman's speech at U.S. Customs and Border Protection's East...
Union Turf Wars Expected to Heat Up Donald D. Crosatto, International Association of Machinists District 190, speaking at the JOC's TPM conference.LONG BEACH, Calif. - Jurisdictional disputes between dockworkers and other waterfront unions in the U.S. will intensify in the coming years as technology and automation eliminate some traditional jobs, but also create new jobs maintaining and repairing...
Port Logistics Group Acquired by Endeavour Capital Port Logistics Group, which operates more than 5 million square feet of warehouse space near three major port gateways, has been acquired by Endeavour Capital and members of the company's management team. Port Logistics formed in 2008 through the acquisition of several regional logistics providers. It now is a national third-party...
Feds: State Can't Fund Start of Savannah Dredging The Obama administration has said Georgia can't use its own money to begin deepening Savannah's harbor until a new Water Resources Development Act is passed. Port and state officials say they still hope to start dredging this year. After the administation's budget proposal failed to designate construction funding for the $652...
US Terminal Congestion Needs Collaborative Solution From left: William B. Cassidy, JOC; Bruce Wargo, PierPass; Dan Smith, The Tioga Group; Jason Hilsenbeck, Drayage.com; Scott C. Larson, The Bon-Ton Stores.LONG BEACH, Calif. - Ongoing congestion problems at container terminals across the U.S. are creating a collective nightmare for ports, drayage companies and shippers, costing as much as $350 million...
Stobart, UK Trucker, Selling Majority of Core Transport/Logistics Unit Stobart Group, one of the United Kingdom's largest trucking companies, today announced it is selling 51 percent of its key transport and distribution business for £239.7 million ($ 400.3 million) in cash and shares to a group headed by Chief Operating Officer William Stobart. Stobart, which is listed on the London...
CSAV to Pay $625,000 Civil Penalty to Settle U.S. Price-Fixing Allegations Chilean carrier CSAV will pay a $625,000 civil penalty to resolve U.S. government allegations it violated the Shipping Act in connection with a scheme to fix prices for shipments of roll-on, roll-off shipments such as cars and trucks. The Federal Maritime Commission announced the compromise agreement, which settled allegations that the...
Port of Rotterdam 'Robbed' of 1 Million TEUs per Year The port of Rotterdam said it's missing out on almost one million standard containers a year because rival ports in Germany and Belgium, led by Hamburg and Antwerp, receive "unfair" financial support from their governments. Rotterdam, which handled 11.62 million 20-foot-equivalent units in 2013, would increase its container traffic by 7...
ILWU Members Walk Off Jobs at Port of Portland International Longshore and Warehouse Union members walked off their jobs yesterday for the second day in a row after a verbal altercation with employees of ICTSI Oregon, the operator of Portland's only container terminal. The events on March 4, and then again on March 5, are the latest in a year-long...
Air Cargo Rebounds, But Protectionism Could Clip Growth Global air cargo surged 4.5 percent in January from a year earlier, driven by solid growth across all regions, but rising protectionism could clip growth, the International Air Transport Association said. The increase marked a significant acceleration on the 2.2 percent year- on-year growth in December and was well above the...
Lowe's Assures Chassis Availability With Dedicated Fleet Thomas Lorenzo, import ocean logistics manager, Lowe's, speaking at the JOC's TPM conference.The home-improvement retailer Lowe's is reducing its equipment costs and avoiding the chassis shortages that are plaguing cargo interests at a number of U.S. ports by leasing a dedicated fleet of chassis in its South Atlantic operations. The...
CaroTrans Launches U.S. West Coast LCL Service to All Points in Central America Clark, New Jersey, March 6, 2014 - CaroTrans, a leading global NVOCC (non-vessel operating common carrier) and ocean freight consolidator, today announces a new weekly, direct, all-water LCL (less than container load) service from the U.S. West Coast to all points in Central America including: Belize, Costa Rica, Guatemala, Honduras, Nicaragua, El Salvador...
DP World Breaks Ground on Nhava Sheva Terminal Global terminal operator DP World on March 5 broke ground on its second container terminal at the Port of Jawaharlal Nehru (Nhava Sheva), India's largest box gateway. The Dubai-based company was awarded a 17-year concession for the public-private partnership project in June 2013. The new facility, named Nhava Sheva (India) Gateway...
NOL Headed Back to Black APL India at berth.NOL Group will return to profit this year by concentrating on its core Transpacific business and reaping the benefits of its sizeable port holdings, according to one equity analyst firm. NOL posted a full-year loss of $76 million in 2013, compared with a $412 million loss in 2012,...
Whale of a sale sought Mega International Commercial Bank is asking a US bankruptcy judge to lift court protection on a Today Makes Tomorrow (TMT) combination carrier (OBO) to allow the vessel to be sold.
Fredriksen's rainy day Shipping magnate John Fredriksen is keeping cash in the bank against a downturn in the economy, according to right-hand man Tor Olav Troim.
Ore seizure totals $15.4m An estimated $15.4m worth of iron ore is in government hands after this week's raid targeting a suspected Knights Templar cartel smuggling operation at Mexico's Lazaro Cardenas port, a federal official said.
NEWL reverse splits again Greek shipowner NewLead Holdings has carried out another reverse stock split after falling foul of listing rules yet again.
Svitzer to remove Luno Salvor Svitzer has been brought in to remove the three sections of the Spanish cargoship Luno off France.
Ardmore adds another $15.5m US-listed Ardmore Shipping has increased the number of shares in its latest offering for the second time as the stock proved popular.
Bidwell chairs LOC UK marine engineering consultancy LOC Group has appointed Robin Bidwell CBE as its first non-executive chairman.
ICG boosted by freight Shipowner Irish Continental Group (ICG) has posted stronger operating earnings for 2013 as freight volumes rose.
Rickmers ups bond sale Rickmers Holding has returned to European debt markets for a further EUR 25m ($34.3m) to fund investments.
HHI wins Eni FPSO Hyundai Heavy Industries (HHI) has clinched an order for an FPSO worth $250m.
TIL aims for $115m in IPO Teekay tanker spin-off Tanker Investments Ltd (TIL) is aiming to raise $115m through its Olso IPO this month.
Four more for JES Chinese shipbuilder JES International Holdings has added four more newcastlemax options to its orderbook, bringing its haul in the last week to a potential nine vessels.
US link held up A new US ro-pax company is still awaiting regulatory approval for a run to Nova Scotia in Canada.
Vinalines moves on IPO More details have emerged on a potential IPO for restructuring Vietnamese owner Vinalines.
Three seized from PSV Nigerian pirates have reportedly abducted three crew from a domestic platform supply ship (PSV).
EOC ties up Conqueror EOC has been awarded work worth close to $100m including options for one of its accommodation and construction barges.
US grain in demand The political upheaval in the Ukraine could impact the availability of grain exports, a US trade body has warned.
Cape rates cometh A leading equity analyst upgraded shares of Greek compatriots Navios Maritime Holdings and Star Bulk Carriers late Wednesday evening based on a bet that the drybulk market has turned the corner.
Ardmore in demand Investors look to have taken a shine to Ardmore Shipping's follow-on offering in the US, sources tell TradeWinds.
TIL plans tanker tweaks Tanker Investments Ltd (TIL) says it plans to make extensive use of fuel-saving vessel upgrades in a bid to improve returns.
Capes turn the corner Rates for capesize bulkers trading in both the spot and period markets were on the rise yet again this week and some of the most notable names in shipping appear to be cashing in on the action.
NEWSFLASH: Investment firm buys Port Logistics Group Endeavour Capital has acquired Port Logistics Group, which currently operates more than 5 million square feel of warehouse space domestically, for an undisclosed amount.
Truckers see positive rate environment Jonathan Starks, director of transportation analysis at FTR, said weather also played a factor in keeping rates up and that another storm in March could help keep rates high as shipping season heats up.
Vitran shareholders vote to sell Canadian business
AIA at issue with shrinking NextGen budget President Obama's 2015 budget request, released Tuesday, presents challenges to a number of domestic aviation programs, not least the rollout of NextGen, according to the president of the Aerospace Industries Association.
Swissport reports 2013 gain
ICAO pushes global runway safety
CaroTrans launches Central America service
Fla. commission agrees to 5-year transportation plan The Florida Transportation Commission has agreed to a five-year, $38.7 billion transportation work program from the Florida Department of Transportation and will submit a review of the plan to Gov. Rick Scott.
Anchorage sues federal government over port expansion
Descartes records yet another quarter of growth The global logistics solutions software developer Descartes Systems saw fourth-quarter operating profit rise 16 percent, year-over-year, to $11.3 million, on revenue that rose 19 percent, to $40.3 million.
Prices' outlook mixed at Fujairah IFO prices were down at Fujairah.
Prices stay on soft path in Europe Avails for LS product tight in Rotterdam.
Glycerine shows promise as alternative marine fuel Excellent safety and environmental profile, including low emissions, but availability and cost are hurdles.
Chinese growth targets bode well for shipping 'Our industry has become addicted to China,' says analyst.
CEO pours cold water on Arctic passage It's not a new Suez Canal, says executive.
Mauritian supplier adds 380 cSt product to portfolio Heavy fuel oil now available in capital.
Fuel oil stocks dip But market likely to remain well supplied.
Emulsion fuel developer attracts new investors New funds 'allow Quadrise to maintain momentum'.
Fuel-saving improvements bring better returns Teekay-backed investment vehicle sees big savings on bunker bills.
Asian bunker market softening Mixed demand seen in Singapore.
Creditor calls in Titan loan Debt worth over $7 million was on hold.
Australian sugar mill eyes biofuel bunker opening To fuel the US Great Green Fleet tour.
US Navy issues spot tender for distillate marine fuel Location of delivery at Pearl Harbor, Hawaii.
US LNG project taking shape Plant could be used for LNG bunkering.
Seacor quarterly profit falls Operating income of shipping services arm, including bunkering, almost halved.
Channel Islands regulator looking at marine fuels sector 'We are mindful of our mandate to ensure we promote value, choice and quality.'
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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