Greek-owned fleet soars to record level GSCC survey shows increasing Greek share of tanker, gas carrier and boxship fleets
VLGC spot rate breaks $100 per tonne ceiling Rate shows little sign of dipping as market stays hot
Compromise found over new dates for NOx emission clampdown MEPC agreement will see staged approach to NOx tier III regions
Women are still excluded from Greek shipping boardrooms Free to read: Female executives fill just 4% of directorships in publicly listed firms
Polar Code 'will be completed this year' Stakeholders can overcome disagreements, says Norton Rose Fulbright lawyer
South America service shake-up will cut container capacity Cutbacks and cancellations spell a double-digit decline in trade lane's annual space
Arctic operators must emulate global oil and gas industry safety standards Experts warn against seeing the region as one area with a uniform level of risk
Underwriters see opportunity in Arctic risk Insurers seek an international regulatory framework as polar regions open to shipping
Image matters in the battle for the Arctic Public interest in the Arctic is high and every step is watched
Large casualties hide improving trend in insurance claims High-profile cases mask a more positive underlying picture, say Nordic insurers
The Week on Wall Street | April 4 Free to read: Shipping's letter from America
Hammond promises cash to repair damaged smaller ports UK shipping minister pledges $3.3m to fix terminals battered by storms and high seas
A makeover for Father Thames London waterway closes the credibility gap to regain bulk cargo from the capital's roads
Genco heads into Chapter 11 Peter Georgiopoulos leads a second company in two years into US bankruptcy protection
Russia bans Australian meat imports Australian meat imports have been banned by an order of the Russian veterinary and sanitary service, Rosselkhoznadzaor (RSN)
Roelse appointed IHC Merwede CEO Credited with setting IHC Merwede's current business strategy in his role as chief operating officer, Bram Roelse will now take the top job at the Dutch shipbuilder with immediate effect
Mexican Shippers to See Savings Through Customs Reform Changes coming to Mexican customs regulations in October will give maquiladoras, or manufacturers focused on exports, more competitive pricing on brokerage and allow brokers to expand the number of ports of entry where they manage cargo. The new rules - part of President Nieto's wider effort to reform Mexican business -...
Congestion Continues to Challenge Port Metro Vancouver Truck drivers have been back on the job for about one week now at Port Metro Vancouver, but Canada's largest port remains quite congested, and moving containers into and out of the harbor is a chore. Under these circumstances, most drivers want to return to work, but congested terminals and equipment...
SCFI: Asia-North Europe Rates Extend Gains The SCFI for North Europe rose 2.3 percent in the week ending April 4. Full-size image Spot container freight rates from Shanghai to northern Europe ports measured by the Shanghai Containerized Freight Index held on to gains achieved from April 1 general rate increases, although rates to the Mediterranean saw some erosion. CMA...
Virginia Outlines Steps to Improve Cargo Flow The Virginia Port Authority listed a series of steps it is taking to ease cargo and truck delays while the port and its users seek long-term answers to challenges of rising volumes, larger ships, and spikes in demand at container terminals. CEO John F. Reinhardt said the port authority and its...
Ron Widdows, Uncensored I had the privilege at the 14th Annual TPM Conference in Long Beach last month to spend an hour on stage in a live Q&A with Ron Widdows, the former NOL-APL chief who now heads Hamburg-based shipowner Rickmers Group. Few in the industry combine the breadth of experience and willingness...
U.S. Transportation Secretary Foxx Names New Members to Maritime Industry Advisory Panel WASHINGTON - U.S. Transportation Secretary Anthony Foxx today announced the appointment of 10 new members to the Marine Transportation System National Advisory Council (MTSNAC). Established in 2010, MTSNAC is comprised of leaders from commercial transportation firms, trade associations, state and local public entities, labor organizations, academics, and environmental groups that advise...
Ocean Carrier Rate Revision Roundup for April 4 Multiple carriers have planned rate increases in various trade lanes in April and May, although any gains achieved could be temporary as overcapacity and lackluster global demand continues. However, the container shipping industry's supply and demand gap is narrowing this year, according to investment firm Jefferies, which could help carriers improve...
Virginia Reopens Portsmouth Terminal for Autos The Port of Virginia said part of its Portsmouth Marine Terminal, which was closed in 2011, will return to service as a staging area for automobiles that will be exported to China. A Norfolk Southern train carrying 700 Chrysler SUVs manufactured near Toledo, Ohio, arrived at the railroad's Carolina Yard in...
JOC Trucking Employment Index Rises The JOC For-Hire Trucking Employment Index rose in March, as trucking hiring picked up after February's frigid weather chilled motor carrier plans to add jobs. The JOC For-Hire Trucking Employment Index was relatively flat over the past 12 months Full-size chart The JOC index shows that despite shortages of workers including truck drivers,...
Changing Air Cargo Industry Fights to Keep Market Share As more shippers shift freight from express to deferred services or even to ocean vessels to better manage inventory and cut logistics costs, it's natural to come to the conclusion that the air cargo industry is in a tailspin. Industry leaders, including FedEx founder and CEO Frederick W. Smith, describe...
Ongoing Dispute Weighs on Portland The International Longshore and Warehouse Union this past week won several battles in its war against the Port of Portland and terminal operator ICTSI, and it lost a battle. However, there is an undisputed loser in this two-year-old war of attrition, and that is Portland's only container terminal. Productivity at Terminal...
TPM 2014 Sponsored Video: Damco Jason Bergman, Damco's vice president of strategic sales for North America, discusses how supply chain procurement has changed and increased in complexity, Damco's focus on the global market, and the challenge of commoditization of some services....
Mundra Port Becomes India's Biggest Cargo Hub Mundra Port, a non-government marine terminal on India's west coast, handled a record 100 million tons of cargo in fiscal year 2013-14, from April 2013 through March 2014, surpassing all 12 major state-owned ports to become the country's biggest cargo hub. The all-time high throughput was up 22 percent from 82...
Chinese New Year Hits West Coast Container Volumes Container volumes at North American West Coast ports declined in February as factories in Asia closed for the Chinese New Year celebration. Imports dropped 8 percent, exports were down 3 percent and total containerized volume declined 6 percent, according to numbers posted on the Pacific Maritime Association website. Lunar New Year...
CMA CGM to Revise Europe-South America Loops CMA CGM plans to revise two service loops between North Europe and South America's east coast as of mid-April. CMA CGM's revised SAFRAN1 port rotation. Full-size image SAFRAN 1 will be operated with eight 9,800-TEU vessels along the following port rotation: Rotterdam, the Netherlands; London Gateway; Hamburg, Germany; Antwerp, Belgium; Le Havre, France;...
Texas Truckers Merge to Pursue Fracking Business Three Texas-based companies are rushing to stake a claim in the shale oil and natural gas boom, merging to create a new energy transportation and logistics firm. D&T Trucking, Rowdy Farms and Gila Hotshot merged to form 1845 Oil Field Services, a "proppant" logistics company with more than 500 dedicated trucks....
Vantage appeals TMT sales Vantage Drilling has filed court documents aimed at preventing Nobu Su from selling shares in the company to pay off a loan owned by Today Makes Tomorrow (TMT).
Third collision suit filed A third class-action lawsuit has been filed over the March collision between a Kirby barge and Cleopatra Shipping bulker in the Houston Ship Channel.
WWL adds Chile call Wallenius Wilhelmsen Logistics (WWL) has added a new Chilean port call to its ro-ro services to the west coast of South America.
Greeks steaming ahead The Greek-controlled merchant fleet has hit another all-time high for its total tonnage, with 3,901 vessels of 291 million dwt tallied last month.
Genco securities surge Genco Shipping & Trading shares and bonds saw price spikes today after the company announced a restructuring deal.
Subsea 7 keeps Dof ship Subsea 7 has exercised the final charter extension option on a Dof Subsea construction vessel.
Crude caution over Libya Goldman Sachs says a potential reopening of rebel-held Libyan oil ports will have a limited impact on a global scale.
Scandlines profit dips Danish-German ferry group Scandlines has declared itself satisfied with its 2013 performance, despite a fall in operating earnings.
Diana misses double Diana Shipping has finished empty handed following the latest in a long line of sale and purchase ventures.
Double trouble for Riga Latvia's Riga Shipyard has been hit by two separate bids to have it declared insolvent over unpaid bills.
Kang Duk-soo faces fraud probe The founder and former head of Korea's troubled STX group has been questioned by prosecutors over alleged embezzlement and business malpractice.
SNCM inks ro-pax order French owner SNCM has signed letters of intent for four new ro-paxes to be built at STX France.
HMM back for more Hyundai Merchant Marine (HMM) is to take convertible bonds to market for the second time in six months.
Genco bulker hits trouble A Genco bulker has hit trouble in the Suez Canal and is now undergoing repairs in Turkey.
Port workers killed Two port workers have died during departure operations for a Royal Caribbean cruiseship in the Caribbean.
All about IPOs TradeWinds digests the digits making the headlines this week.
Vroon name taken in vain Dutch owner Vroon has once again warned seafarers to beware a fraudulent organisation offering jobs in its name.
Viking charter hits a snag Viking Supply Ships has seen the first stage of a charter contract torn up by a mystery counterparty.
Havyard still Bors bound Saevik family-backed Havyard Group is still hopeful of completing an initial public offering in Oslo despite extending its book building process.
Atlantska sells trio Croatian owner Atlantska Plovidba has concluded another sale and leaseback deal for dry cargo vessels.
Two dead in sinking Two North Korean crew have been killed and another 11 are missing after their cargoship sank off South Korea.
Case banks larger cheque A larger bonus in the year he is understood to have masterminded Shell's Project Silver has helped push up the pay packet of Clarksons' chief executive Andi Case.
KKR snaps up loans Private equity fund KKR has bought $150m of loans from Berlian Laju Tanker's banks.
Who are the April fools? We take a look at what was said in the market over the past week.
Four dead at yard Four Bangladeshi shipyard workers have died after inhaling carbon dioxide gas.
Palmali buys quartet Turkey's Palmali has continued to expand its fleet with a deal to acquire a chemical tanker and three bulkers.
Bonus time at Jinhui Jinhui Shipping & Transportation's top executives continue to collect pay packets which measure up with what its ships can command.
UK detains cargo vessel The UK's Maritime and Coastguard Agency (MCA) has detained a ship on health and safety grounds.
Oriental charters VLGCs China's Oriental Energy is the latest shipowner to enter the red hot VLGC sector taking four ships on charter.
Swiber does bond deal Swiber Holdings has confirmed that it is looking to raise fresh funds from a short-term bond issue.
Coast Guard blasts Aiviq A high ranking US Coast Guard official said he will ensure an investigation of potential legal and regulatory violations by Edison Chouest Offshore related to the grounding of the drilling unit Kulluk off Alaska in 2012.
Amazon pays FAA HazMat fine Amazon has paid a $91,000 fine for shipping a flammable liquid adhesive by air via FedEx, according to the Federal Aviation Administration. The shipment violated Department of Transportation hazardous materials regulations.
DHL adds tracking service for ocean freight DHL Global Forwarding has unveiled Ocean Secure, a tracking and temperature-controlled product targeted at shippers moving sensitive, high-value cargo.
Vanguard deploys shipment delivery visibility tool in Asia The neutral, non-vessel-operating common carrier Vanguard Logistics Services said this week its Vanguard Visibility+ application has been deployed at a number of its facilities in China, India and Southeast Asia.
Port of Virginia moves aggressively to address dray congestion
U.S., Canada to modernize Saint Lawrence Seaway About $487 million will be spent modernizing the Saint Lawrence Seaway over the next five years, some on a new mooring system that will use vacuum pads instead of ropes to secure ships as they transit locks on the canal.
Maersk sells Danbor to NorSea Group
Home decor retailer to use LLamasoft for supply chain design
Foxx names new members to maritime advisory panel
UPS expands Latin American healthcare reach
Coffee distributor opens warehouse near Port of Charleston
Weekly Global Market Report A weekly price roundup from bunkering hubs around the world.
Houston bunker prices mostly up Average demand reported at the US Gulf port.
Fuel oil supplies from Japanese refiners to drop in 2014-2015 Drop in supply seen boosting bunker prices, especially for west Japan deliveries.
US patent issued for new hybrid marine fuel Sea trials are ongoing.
Statoil: Natural gas needs to play bigger role in Europe's energy mix 'Well-functioning market' vital to attracting gas to the region, says VP.
Ferry operator opts for GreenStream trim software System to go on DFDS vessels.
IMO one step closer to low sulphur fuel availability review Correspondence group will work on draft methodology that may see next MEPC meeting agree to initiate study.
Prices firm in Fujairah Limited avails in Cape Town.
Prices firm in line with crude Some double digit gains seen.
Asian gas player considers LNG bunkering move Pertagas to study LNG bunkering options.
IMO adopts NOx ECA compromise solution No delay of NOx Tier III for existing NECAs, while future NECAs can have different implementation dates.
China fuel oil stocks increase About 300,000 mt of 380 cSt material reached Chinese shores in the week.
Asian market ends week stronger Prices rose across all key markets.
SLNG eyes LNG bunkering role But says gas price is holding back development.
Troubled shipping firm trims annual loss Fuel saving efforts saved company $19 million in 2013.
ECA cap will have 'limited impact' Finding low sulphur product to meet the 2015 ECA regulations unlikely to be a problem, conference told.
Off-spec flash point triggers DNVPS alerts Tested distillate fuels failed to meet ISO 8217 and regulatory limit.
Maersk Line bets on 'natural hedge' to counter fuel price volatility 'Not much one can do to manage fuel price volatility', says CEO.
Greek shipowner seeks funding for 'eco' buys Company to use capital markets to reduce debt.
Oil industry cautions IMO on 0.50% sulphur fuel availability Premature to say that sufficient fuel will be available to go ahead with 2020 implementation, MEPC is told.
US firm to enter LNG bunkering market in 'near future' Crowley Maritime to build a fleet of LNG-fuelled vessels.
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