Paradip container terminal tender floated "All necessary formalities have been taken care of and I think the contract will be awarded in less than two months," Paradip Port Trust (PPT) chairman Sudhansu Sekhar Mishra told a press conference on 4 July. The new container terminal is part of PPT's overall expansion programme to enhance its
Damen ice-class PSVs for Atlantic Towing US company Atlantic Towing has ordered four newly-designed ice-strengthened PSV 5000 vessels from Damen Shipyards Group that will be put to work in the sub-Arctic waters of the Hibernia and Hebron oilfields, off Newfoundland and Labrador. Atlantic has a 10-year offshore support contract with
NewLead demands $125M damages from Ironridge NASDAQ-listed drybulk company NewLead Holdings has ratcheted up its legal fight with investor Ironridge Global fund, revealing today that it is seeking damages in excess of $125M as part of an arbitration case under way between the two parties. Michael Zolotas-led NewLead is accusing Ironridge of
Rouen cereals exports up 12% The French port of Rouen, European leader for cereals exports, increased its cereals export throughput by 12.4% year on year to 7.45M tonnes during the 2013-2014 export season just closed. The latest increase for the 12 months ended June 30 follows on from the 8% increase recorded by the port in the
Sea Diamond sentences reduced by appeal court A Greek appeal court has reduced the prison sentence imposed on the former master of the Sea Diamond, the Louis Cruises vessel that sank off the Greek island of Santorini in April 2007. The vessel, which was carrying nearly 1,600 passengers and crew, hit rocks and had to be evacuated. It sank two
Teekay LNG supplants BG in China newbuild quartet NYSE-listed Teekay LNG Partners has revealed details about its minority ownership of four liquefied natural gas (LNG) carrier newbuildings under construction at Hudong-Zhonghua Shipbuilding. It also confirmed that it has purchased these interests from original project partner BG Group. The Chinese
SCF extends IBSV programme with three orders at USC Russian shipping group Sovcomflot (SCF) and Sakhalin Energy Investment have signed a contract for the construction and long-term operation of three multifunctional ice-breaking standby vessels for the Sakhalin-2 offshore energy platforms. The shipbuilding contract has been signed with OAO United
Minister calls for court protection for SNCM French transport minister Frédéric Cuvillier has said that strikebound French Mediterranean ferry operator SNCM should be put under court protection to allow it to be restructured. His statement is the first official admission from the French government that it sees no future for the Marseille-based
ICS proposes solutions for ballast water impasse The International Chamber of Shipping (ICS) has come up with new proposals for overcoming the "serious implementation problems" faced by the Ballast Water Management Convention. It has called on the Maritime Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) to
Jiangsu Hongqiang wins six Ultramax order Chinese shipbuilder Jiangsu Hongqiang Marine Heavy Industry has secured an order for up to six Ultramax bulkers from an unknown but reportedly renowned European owner. They will be the first of this size ever built by the yard. Delivery of three firm 64,000dwt Dolphin 64-design environmentally
HHI wins Polembros Suezmax pair South Korean shipbuilder Hyundai Heavy Industries (HHI) has won an order for two Suezmax tankers from Greek shipowner Polembros Shipping. The two 145,000dwt vessels will have an overall length of 274m, a beam of 48m, and a depth of 23.1m, with delivery scheduled for January and June 2016. They are
Saga, Westfal-Larsen combine open hatch business Saga Forest Carriers and Westfal-Larsen Shipping, two Norwegian open hatch dry bulk carrier operators, have entered into an agreement to form a joint shipping pool operation. The reason behind the move is a need to better serve existing and new customers in the paper and pulp industries. In broad
Call for rail investment in Italy The president of Italy's intermodal ports association UIR has called for more investment in north-south rail links in the Italian peninsula. "The rail network in central and southern Italy is not geared up to take container trains for various infrastructural reasons [and] convoys are limited to
MPA conducts first environmental-friendly hull cleaning trial The Maritime and Port Authority of Singapore (MPA), in collaboration with BW Ventures and the Singapore Maritime Institute (SMI), has successfully performed the first environmental-friendly hull cleaning test trial on Friday at the Port of Singapore. Part of the BW Group, BW Ventures invests in
Thai exporters eye new markets Thailand's exporters are targeting Russia, South Asia and South America as new markets , IHS Maritime was told today. Russia, currently linked via a customs union with Belarus and Kazakhstan, has 170M potential customers and is planning to build 1M cars next year, said Kriengkrai Thiennukul,
Maersk reports good volumes from Thailand Maersk Line has reported good combined volumes as Thailand's economy gears up after recent political turbulence. "For the first half of 2014, combined volumes has increased by around 10% compared to the previous year," Maersk Line Thailand told IHS Maritime, stressing this was for both exports and
Korea, China EXIM banks co-finance Minsheng's ship orders Korea EXIM bank announced on 4 July that it will provide $295M in financing to Chinese leasing company, Minsheng Financial Leasing, which has ordered three 18,400teu containerships from Korean shipbuilder, Daewoo Shipbuilding & Marine Engineering (DSME). The ships, which are scheduled to be
TSC to supply six deck cranes to SWS Hong Kong-listed TSC Group Holdings, an offshore solutions provider, will be providing Shanghai Waigaoqiao Shipbuilding (SWS) with six deck cranes for two JU2000E design jack-up rigs, which are currently under construction at SWS, TSC said today. The six ABS -certified 198-200VE model kingpost
Tanker boarded near Anambas Islands A Honduras-registered products tanker was boarded near Anambas Islands, Indonesia, on 4 July, according to a report from ReCAAP Information Sharing Centre (ReCAAP ISC). The vessel Moresby 9, owned by Canter Singapore, was carrying 2,200 tonnes of marine gas oil when it was boarded by an unknown
Sinwa Limited merges subsidiaries to grow offshore trade Singapore-listed offshore supply and logistics provider, Sinwa Limited, has incorporated Sinwa (Thailand) Ltd (STL) through its wholly owned subsidiary, Sinwa Offshore. "We are excited to announce our entry into Thailand's promising offshore sector. Backed by robust oil prices, Thailand has
Evergreen to launch 25th L-type vessel Evergreen Line's 25th L-type vessel, Ever Lucky, is scheduled to be launched for the carrier's Asia Pacific-US West Coast service after being delivered tomorrow. Ever Lucky was christened at the Samsung HI shipyard last Friday. "Each of the L-type newbuildings from Samsung HI have been delivered
Vard acquires STX Canada Singapore-listed offshore vessel builder, Vard has acquired STX Canada for NOK 65.4M or $10.5M. Consequent to the acquisition, STX Marine became a subsidiary of Vard Marine, which is wholly owned by Vard Group, a 100% held subsidiary of the Company. STX Marine is a leading marine engineering and
US Customs updates guidelines in event of West Coast port disruptions U.S. Customs and Border Protection has updated its guidelines for ship and cargo contingency plans in the event of any West Coast port disruption arising from longshore labor union contract negotiations. See Also Customs expert shares advice on West Coast diversions Complete Coverage of ILWU Negotiations. The contract between the International Longshore and Warehouse...
Medical shipper scopes out new global supply chain Let's talk about colonoscopies, that uncomfortable medical procedure most of us over a certain age know we need but mostly postpone. Not suitable for a family publication you say? Well read on, because it's all about logistics. Endochoice, a 6-year-old Atlanta-based importer of medical devices and disposable infectious control supplies and...
LA-Long Beach running despite Teamsters protest A threat by the Teamsters union to launch a strike at the ports of Los Angeles and Long Beach got off to a slow start today as truck drivers were passing out informational flyers in the harbor, but were not setting up picket lines. As a result, members of the International...
Suez fails to see anticipated gains in traffic The number of container ships passing through the Suez Canal in May was higher than in April but was down year-over-year for the 33rd straight month. The Suez Canal reported that 526 container ships passed through its gates in May, up 6.9 percent from April's totals. Though the canal broke the...
Strong infrastructure draws big ships to Pacific ports The 12,500-TEU MSC Fabiola broke records when it first called at California ports in 2012.West Coast ports will spend the coming year in much the same way they spent the past year: preparing for big ships operated by big carrier alliances. In some ways, ports on North America's west coast are...
US-bound air cargo moving despite heightened security WASHINGTON - It's business as usual for air cargo shippers despite the heightened security at foreign airports with flights connecting to the U.S., the executive director of the Airforwarders Association says. Members of the group haven't reported any issues or delays in getting cargo cleared after the U.S. Transportation Security increased...
TransForce finalizes Transport America acquisition One of North America's largest trucking operators grew a little more last week, as TransForce officially finalized the acquisition of Transport America, Inc. TransForce bought the truckload carriage and logistics service provider's entire share capital last week. The company said it plans to keep the Transport America brand, and plans to...
Chassis models still evolving For five years now, cargo interests and truckers have been adjusting to a new environment in which shipping lines no longer provide chassis in the U.S., yet the transition period still has a few years to go before the trade adopts a new model or models, according to an industry...
Shipping leader Manuel 'Mike' Diaz Jr. dies at 93 Manuel "Mike" Diaz Jr., who helped pioneer containerization and its pricing during a long career in shipping, died July 5 in San Mateo, California. He was 93. Mr. Diaz's career spanned the shift from breakbulk to containerized shipping, the end of U.S.-flag lines' dominance, and three major revisions to the shipping...
Forwarders, Russia unimpressed with new EU air cargo rules Forwarders remain unimpressed with new European Union air cargo screening regulations that have been in effect for a week, although no major disruptions have been reported. Since July 1, carriers flying cargo and mail into Europe have been designated as "Air Cargo or Mail Carrier operating into the EU from a...
ICTSI pulls out of Indian container terminal management contract International Container Terminal Services has withdrawn from a contract to manage and operate the Kattupalli International Container Terminal, a new privately owned facility on India's east coast, after a detailed business review. ICTSI in a communiqué to the Philippine Stock Exchange said the deal was not beneficial to either party in...
Teamsters initiate labor action at LA-Long Beach in midst of longshore talks The Teamsters union, in the latest salvo in its long-sought plan to organize port truckers, took advantage of a critical juncture in contract negotiations for a new West Coast longshore agreement to set up pickets against three drayage companies operating at Los Angeles-Long Beach. "Fed-up port drivers at the ports of...
NewLead claims $125m Greek bulker owner NewLead Holdings has escalated its share row with the Ironridge Global fund by filing a compensation claim for more than $125m.
Two more for Shreyas? India's Shreyas Shipping & Logistics is eyeing more new ships as it plots route expansion.
Teekay buys into quartet Teekay LNG Partners has confirmed it has taken a stake in four LNG newbuildings at China's Hudong-Zhonghua Shipbuilding.
Diana newbuilding fixed Diana Shipping has tied up a period charter for its latest capesize purchase.
TTA confirms Rose raid Thoresen Thai Agencies (TTA) has finalised the purchase of a 2006-built bulker for $21.95m.
NAT sees helpful undercurrent Herbjorn Hansson has raised hopes of a pending improvement in the suezmax tanker spot market.
Israel Corp backs court Israeli container line Zim's main shareholder has said it is satisfied with a court ruling that will drastically cut its stake in the shipowner.
US crew released The crew of a US salvage ship have returned home after 52 days in a Honduran jail on gun-smuggling charges.
10 hurt in smash 10 people have been injured after a Swedish ferry hit a pier in Gothenburg.
Atlantic in scrap sale Atlantic Offshore has trimmed its fleet with the disposal of a 1970s built ship.
Viet Long sinks A grounded Vietnamese cargoship has sunk during its salvage off the Maldives - and its owner has been slapped with a hefty fine.
Band of owners An alliance of shipowners seeking to ensure the enforcement of incoming maritime sulphur regulations has officially launched today.
BF bags newbuild charter Russian owner BF Tanker has landed a deal with Lukoil for the first of its new tanker/boxship combi carriers.
Credit-Suisse backs NAO Credit-Suisse has placed an initial outperform rating on Nordic American Offshore noting the PSV owner carries a dividend yield closer to Seadrill than Tidewater.
Tanker man missing The US Coast Guard is searching for a Russian chief engineer who fell from a tanker off Texas on Sunday.
Sovcomflot books three Russian shipping power Sovcomflot has penned a firm contract for a trio of ice-class newbuildings to serve the Sakhalin 2 project.
Diamond five cleared Five people convicted in connection with the fatal sinking of the Sea Diamond cruiseship have been cleared on appeal.
Macau Success sold Hong Kong-listed Success Universe Group has offloaded its casino cruiseship Macau Success.
Fos eyes ro-ro run The French port of Marseilles Fos is planning to launch a new ro-ro service to Morocco.
Seventh tanker attacked Another small tanker has been hijacked in the South China Sea, but it is unclear at this stage if any of its cargo has been stolen.
STX Canada Marine sold Vard Holdings has acquired STX Canada Marine in a deal worth NOK 65m ($10.5m), the company has confirmed.
Open hatch pool born Saga Forest Carriers and Westfal-Larsen Shipping are teaming up to form a new pool for their open hatch carrier fleets.
Hafnia names CFO Hafnia Tankers, the expanding Danish product tanker-focussed shipowner, has named its first chief financial officer.
Diaz, long-time ocean shipping executive, dies In the early 1950s, Diaz followed his father into the shipping business at Garcia and Diaz as a ship agent and manager. He later became vice president at Grace Lines and T.J. Stevenson Co., and then was named president of West Coast Lines.
CMA CGM in joint venture to build terminal in India Mundra will become India's largest container port in next 24 months, with a total container handling capacity reaching 5.5 million TEUs, CMA CGM said. The companies plan to begin construction immediately.
FRA administrator pitches GROW AMERICA
Editorial boards call for quick Trust Fund solution
Yusen uses vibration-control pallets in China "In the past, when transporting sensitive freight such as precision equipment, medical instruments or food products over land, it was necessary to use air-suspension trucks. However, air-suspension trucks have high costs," the company said.
Lufthansa and Air China strengthen partnership
Boeing hulls waterlogged after Montana train derailment
U.S. exports reach $195.5B in May Exports of goods and services over the last year totaled $2.3 trillion, which is 45.7-percent above the level of exports in 2009, and have been growing at an annual rate of 8.9 percent when compared to 2009, according to the Ex-Im Bank.
Drayage drivers strike three companies in Los Angeles/Long Beach
ECA rules could threaten European cruise sector 'Northern Europe is not sacrosanct even at a time when cruise lines are starting to grow capacity.'
Prices start week soft in Rotterdam Market quiet in Rotterdam.
Second LNG bunker tanker on order Forms part of contract with Korean shipbuilder.
Prices soft in Fujairah Markets generally firm in South Africa.
P3 collapse could boost bunker spending by $155 million Researchers have put a figure on the extra bunker spending likely to be generated by the failure of the alliance.
Russia to sell stake in oil giant Doubling share that is not held by the state.
Smaller shipping lines 'will bid farewell to the market' Shipping analyst says smaller companies will struggle to finance fuel-efficient newbuilds.
Gibraltar: Minister welcomes pro-bunkering moves Costa: 'This reduction in port fees adds to the attraction of our port'.
Asian prices on downward path Deliveries in Busan and Tokyo Bay could face delays as typhoon approaches.
Methanol bunker fuel comes at 'competitive price' Methanol no riskier to handle than LNG.
Trident Alliance: Nine others join Maersk, WWL WWL's Roger Strevens is organisation's chair.
East Asian bunkering ops facing disruption from typhoon Traders expecting incoming typhoon to make landfall within the next four days.
Norwegian shipbuilder takes over 'eco' focused ship designer $10.5 million acquisition completed.
MGO tanker hijacked in Indonesian waters Attack happened on Friday.
Triple-E ships to get fuel monitoring tool 'Move reinforces ships' energy efficiency advantage,' according to system provider.
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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