Singapore braces itself for ever bigger boxships and container alliances PSA International chief executive outlines how the port will meet carriers' needs
Owners investing in chemtankers must adapt to new trade patterns Tonnage is changing hands for higher prices but the market is changing too
Security firm says British guards held in Nigeria are innocent Port2Port ex-marines' arrests highlight the risks that anti-piracy personnel face
GasLog spin-off names its first three ships Master limited partnership will hold purchase options on nine more LNG carriers
BG Group shifts LNG business to Singapore Bold move by leading gas player reflects city state's ambitions to be Asian LNG hub
Asia-Europe volumes suffer February decline Early Chinese new year causes setback, but volumes for the year to date still ahead of 2013
Data Hub: Trade Route Intelligence - Transpacific Arrival of bigger ships should help profit goals, but smart capacity management is critical
Low take-up for multi-year contracts in transpacific trades The 2014-15 transpacific service agreements are being negotiated, but why do so few extend beyond 12 months?
Why grumble over €145bn European shipping industry? In time, Oxford Economics study will be a vital tool for European maritime businesses
Employers confident of reaching deal with the ILWU without labour unrest Tough talking but no disruption, union side also signals
Crowley buys Accord Ship Management Purchase of Hong Kong and India manager will fortify Crowley's international fleet
Australia to scrap cabotage rules Canberra consultation hopes to make coastal trades more competitive
Nordic American Tankers targets $100m in fleet expansion drive New York-listed tanker player to add four crude tankers to its 20-strong fleet
Aronnax: Aye robot Shipping can use the technology of science fiction in the fight to cut CO2 emissions
Mitsubishi buys stake in TVC Stevedoring Deal marks Japanese giant's first full-scale entry into the terminal business
Owners urged to avoid allure of cheap money Singapore maritime heavyweights warn of overordering risks in shipping and rig-building
GasLog says MLP spin-off will start with three existing ships Filing joins trend towards master limited partnerships in LNG shipping
Caution pays when it comes to the petroleum tanker market, says K Line Japanese carrier will expand fleet only against charter deals of five years or more
K Line forecasts a capesize-led dry bulk recovery through 2014-2015 But Japanese shipping giant shies away from ordering newbuildings
Genco books $157m of losses in 2013 Annual report reveals stark fall-off in earnings as company heads into Chapter 11
Rough start for syndicated loans Proceeds from syndicated marine finance loans pulled back during 1Q14, according to new statistics from Dealogic
GasLog proceeds with spinoff IPO An IPO registration has been filed by the long-discussed partnership spinoff of GasLog LNG Ltd
NAT prices upsized offering NYSE-listed Nordic American Tankers has priced a follow-on equity offering to raise funds for vessel acquisitions
US box importers explore backup plans As the volume of US container imports rises, so too has concern over looming port labour negotiations on the West Coast, according to the National Retail Federation (NRF)
Hanjin to use FleetBroadband FB500 Intellian will supply FleetBroadband FB500 terminals to Hanjin Shipping of South Korea for a fleet of 38 container ships
Box lines report negative margins Only six out of 19 top container line operators reported positive operating margins in 2013, according to a survey carried out by liner trades analyst Alphaliner
Hong Kong Dockworkers Strike Still Possible Contracted dockworkers at Hong Kong's Kwai Chung Container Terminals have been told they will receive a 12 percent pay increase, but after last year's successful strike, the threat of industrial action is never far from the table. Union of Hong Kong Dockers secretary-general Stanley Ho told the South China Morning Post...
Maersk to Brand Service Beyond Seven Seas In a market where east-west ocean service is becoming a port-to-port commodity, Maersk Line is taking steps to stand out from the rest of the pack by branding its service beyond the ocean voyage. It kicked off its branding campaign a year ago with a customer charter that set eight key...
Large Carriers Outperforming Smaller Competitors Container ship in Hamburg, Germany.The 2013 financial reporting season for container lines ended for many carriers in a sea of red ink as high bunker prices and weak freight rates combined to drag down profits. But some of the biggest carriers, particularly Maersk Line and CMA CGM, are clearly bucking...
Truckload Rates Forecast to Rise Around 4 Percent Summer is coming, but severe winter weather could be a catalyst for higher trucking rates months after the last snow melts. "We believe large truckload carriers will be able to boost contract rates around 4 percent this year," said Thomas S. Albrecht, BB&T Capital Markets analyst, in a note to investors...
Carrier Alliances to Pressure European Ports' Intermodal Infrastructure: Drewry European ports will struggle to handle the revamped services due to be launched by the P3 and G6 carrier alliances because of their weak intermodal transport links, according to Drewry Maritime Research. Port rationalization unveiled by the P3 carriers - Maersk Line, Mediterranean Shipping Co. and CMA CGM - "means that much bigger...
Singapore on Shadong Shopping Tour A high-powered Singapore business delegation left for China's Shandong Province today on a mission to boost exports to the country and attract investors. Representatives from the logistics, manufacturing, oil and gas and professional services industries joined Singapore's Minister for Trade and Industry Teo Ser Luck, also co-chairman of the Singapore-Shandong Business...
City Truck Ban Snarling Shipments Through Manila Port Manila's heavy vehicle access restrictions, imposed in February to help ease the city's notorious gridlock, are frustrating the Philippine shipping and logistics industry. Eight-wheeler trucks and vehicles with a gross weight of more than 9,920 pounds are banned from the capital's streets from 5 a.m. to 10 a.m. and 3 p.m....
Australia Outfoxes US Over Japan Trade Australia has secured a significant competitive advantage in the lucrative Japanese beef market over its main rival, the United States. After seven years of negotiations, Japan and Australia have reached a broad agreement on a bilateral free trade agreement aimed at eliminating import tariffs on most products traded between them. The...
Former DOT Chief: Highway Bill Prospects 'Very Dim' Former U.S. Transportation Secretary Ray LaHood doesn't have much faith in Congress getting its act together soon to pass a surface transportation bill. LaHood said last week during a conference call hosted by Stifel Transportation & Logistics Research Group that the prospect that Congress will pass a new bill to fund...
Cape rates crash The capesize segment of the dry-bulk market continued to lose steam Tuesday but some forecasters believe the tides are about to turn.
Nautilus in pension push Crew union Nautilus International is campaigning for a pension provision to be included in the next Maritime Labour Convention (MLC) revision.
VLGCs close on $100k daily VLGC spot rates are poised to break the $100,000 per day barrier after a record breaking run.
Tanker Solutions eyes buys A joint venture between Prime Marine Management of Greece and Minneapolis-based Castlelake is looking to expand after tying up financing for four LR1 product tankers.
Kang warrant sought Korea prosecutors have applied for an arrest warrant for STX group founder Kang Duk-soo in an embezzlement and business malpractice probe.
NewLead back for more NewLead Holdings is stepping into the sale and purchase market for the second time in as many months.
Another 10 for Mipo Korea's Hyundai Mipo Dockyard has revealed a KRW 348.3bn ($333m) order to build 10 new MR tankers.
Navios Logistics eyes notes Navios South American Logistics has lined up a $350m debt refinancing in the US market.
Golden Energy looks to China Victor Restis-controlled Golden Energy Offshore has ordered a pair of platform supply vessels (PSV) at Nantong Rainbow Offshore & Engineering.
Scanship seals listing Scanship Holding has completed an IPO which has seen the company raise NOK 81.62m ($10.30m).
Avance nets war chest Avance Gas will have NOK 666m ($111m) in fresh firepower after setting out the final terms of its IPO.
Fisher in Supacat debut UK owner James Fisher has ordered a new offshore support vessel for windfarm operations.
JES targets Congo Chinese shipbuilder JES International Holdings continues to invest in sectors outside of shipping despite serious concerns over its financial health.
Pertagas eyes LNG move Pertamina Gas (Pertagas) is preparing a move into the LNG bunker market.
GLOG shows MLP numbers GasLog's MLP spin-off is set to take over assets which accounted for almost half of its annual profit last year, SEC filings show.
ABG: cash on delivery Restructuring Indian shipbuilder ABG Shipyard is trying to attract new orders with a promise that shipowners will only pay once vessels are complete.
Shih Wei earnings fall Taiwan's Shih Wei Navigation has posted a drop in 2013 earnings due to fewer currency exchange gains.
Damen eyes SBIC buys Vietnamese national shipbuilder SBIC claims its Dutch partner Damen wants to add to its assets in Vietnam.
Alfa deal opens old wounds Norway's Mohn family has sold its equipment business Frank Mohn to Alfa Laval in a $2.2bn cash deal which has reopened a family feud.
POSH eyes $400m PACC Offshore Services Holdings (POSH) is targeting close to $400m from its upcoming IPO on the Singapore Stock Exchange.
NCL crewman shot An NCL seafarer has been shot dead during a robbery in the port of Roatan in Honduras.
Vroon buys Petrolmar Dutch owner Vroon has acquired Italian tanker company Petrolmar, taking 100% of its shares.
Costamare boxship grounds A Greek boxship grounded in the Mobile Ship Channel on Monday, prompting traffic restrictions.
CSCL faces red run A tough market will keep China Shipping Container Lines in the red for the next two years unless it cashes in some assets, a leading analyst says.
NAT adds more to pot Nordic American Tankers (NAT) has added another 2m shares to its latest offering as it raises cash to buy up to four vessels.
Excelerate inks new job US-headquartered Excelerate Energy has signed a firm agreement with the Puerto Rico Electric Power Authority (PREPA) for the provision of a long-planned floating LNG import terminal.
Crowley buys Accord Crowley Maritime Corp has acquired majority ownership of Accord Ship Management (HK) and Accord Marine Management.
Valencia secures investor Mitsubishi Corp has acquired a 25% stake in the operator of Valencia Container Terminal in eastern Spain.
Genco Auvergne arrested The recent arrest of a Genco Shipping & Trading (Genco) supramax does not appear to have derailed plans to pursue a pre-packaged Chapter 11 restructuring in the Southern District of New York.
GasLog files MLP IPO GasLog has filed a registration statement for an IPO in the US for shares in its master limited partnership (MLP) GasLog Partners.
NAT eyes acquisitions Nordic American Tankers appears to be mounting a campaign to expand its fleet of suezmax tankers.
Crowley acquires ship manager Accord Crowley Maritime Corporation has acquired majority ownership of Accord Ship Management (HK) Limited and Accord Marine Management Pvt. Ltd., which provide third-party international crewing and technical ship management.
EU seeks to regulate drones The European Commission has proposed regulations regarding the safety, security and operation of civilian drones, a move that sets in motion an impact assessment on the use of drones.
AA Cargo: Revenues to top $860M in 2014 American Airlines expects 2014 cargo revenues to top $860 million, an increase of $30 million over 2013's total, a prediction that came in an investor relations update filed Tuesday with the Securities and Exchange Commission.
Port Tracker sees healthy container growth in spring Import volume at the nation's major retail container ports is expected to increase 6.1 percent in April, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
American Fast Freight expands at Kodiak Island
Revised WTO government procurement agreement enters force
Swift predicts low first-quarter earnings
MOL seeks $135M in damages from Mitsubishi after vessel sinking
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