DSF cuts out of Torm's 13 vessel facility Company sells vessels to Oaktree
Why Ukraine's Black Sea ports matter for the global fertiliser market Disruption from the Crimea crisis would hit dry bulk shipping of both finished product and related chemicals
Brussels urges member states to adhere to NOx reduction plans Member states told not to support Russian proposals for a five-year delay on NOx tier III implementation
Nordea sells $166m of Torm bank debt Sale is at least the second major shipping divesture by Nordea so far this year
US LNG exporters benefit from energy security fears over Russian gas Risk to pipeline through Ukraine could push importing states to look west for new supplies
Greek owners scoop most vessels from Japan and Germany Many vessels traded between Greeks, according to online valuer
Second valemax enters China despite Beijing ban on largest bulkers Ship tracking data finds Vale Indonesia unladen off Qinhuangdao
The Week on Wall Street | March 7 Free to read: Navios Holdings rated a 'buy' but opinions differ on Star Bulk
Shipping associations slam Suez Canal toll hikes Marine industry bodies are 'dismayed' as the waterway raises its fees for a third year
Europe's transport commissioner is tipped to lead Estonia Sudden return to Tallinn fuels talk of Kallas being named prime minister
Fejfer sets $1bn profit target for AP Moller-Maersk ports arm APM Terminals aims to be the world's top operator by 2016
Russian coal transit cargo suspended at Crimea port of Kerch UPDATED: Ukraine thinktank says shipments have customs clearance problems
North America container terminals weather storms on many fronts US Atlantic and Pacific ports face early tonnage cascade, population shift and contract talks
Higher volumes from new terminals drive 20% profit hike for ICTSI Philippines container port operator posts 12% volume growth in 2013 as Karachi joins the fold
Hyundai Merchant Marine narrows its losses to $672m High fuel costs and low freight rates offset 2013 cost-cutting and increased sales
The price of failure The more we know about why things fail, the better our preventive measures will be
Torm has high hopes for medium range tankers' spot earnings Better rates free Danish product shipping giant to focus on customers and tonnage
Anchorage sues MarAd over port project Expansion of the Port of Anchorage, Alaska, to handle more and larger containerships was mishandled by the US government, the city of Anchorage has alleged in a lawsuit seeking monetary damages
US ports score dredging funds Two Mississippi ports have received increased federal funding for maintenance dredging thanks in part to their representative in Washington
Oaktree takes more Torm tankers American private-equity company Oaktree has acquired another 13 product tankers from Denmark's Torm after buying nine last year
Shipping continues amid Ukraine tensions IHS Maritime research shows that commercial shipping does not appear to have been affected by the military standoff between Russia and Ukraine
Australian coal ports on cyclone watch Destructive winds and heavy rains are expected to hit the Queensland coast over the weekend as ports are put on cyclone watch and ships ordered out to sea
Commission to take up Philippines STCW concerns at IMO The European Commission is looking to open talks with the IMO in what looks to be an attempt to step back from derecognition of the STCW certification of seafarers from the Philippines
Seadrill raises SEK1.50Bn Seadrill, the London-based, Oslo-listed company in the centre of John Fredriksen's drill ship and rig operations, has raised SEK1.50Bn ($234M) in an issue of five-year bonds
Aker Philadelphia signs $120M loan facility Aker Philadelphia Shipyard, the Oslo listed company that builds Jones Act vessels in Philadelphia,USA, says it has signed a $120M loan facility with Caterpillar Financial Services to finance the construction of four product tankers
Home Depot's New Strategy Tied to E-Commerce Growth A Home Depot fulfillment center.It begins with a leaky faucet, or perhaps a broken piece of crown molding, or a washing machine, or ceiling fan. Something needs to be fixed, replaced, improved or installed - and the right tools are required to do it. That specific need generates the demand...
SCFI: Asia-Europe and Asia-US Rates Continue to Tumble Shanghai Containerized Freight Index, North Europe, week ending Mar. 7, 2014. Full-size image Spot container freight rates from Shanghai to U.S. ports fell about $70 per 40-foot container from last week, while rates from Shanghai to northern European and Mediterranean ports dropped more than $100 per TEU for the fourth straight week...
Ocean Carrier Rate Revision Roundup for March 7 Several container lines have scheduled rate hikes in multiple trade lanes from April to May, although any increases achieved could be temporary, as overcapacity continues to negatively impact carriers' control over freight rates. At JOC's TPM 2014 conference this week, panelists said container lines will continue to face challenging times in...
New CBP Chief Says He Understands Security, Trade Facilitation Balance WASHINGTON - Fresh off his Senate confirmation, U.S. Customs and Border Protection Commissioner Gil Kerlikowske today acknowledged industry concerns that he wouldn't balance trade facilitation and security but said he understands the importance of doing so. The Senate yesterday afternoon approved President Obama's nomination of Kerlikowske to CBP, giving the agency...
'Culture Is Critical' in Today's Hiring Market From left: Susan Pellechio, Staples; Mark D. Schweitzer, Archer Daniels Midland; and John Bowe, American Maritime Group.LONG BEACH, CALIF. - The transportation and logistics industry is dealing with "significant" issues surrounding human capital and succession planning, not just in the U.S., but on a global basis, said Tim McNamara, managing director...
Ottawa Requires CN, CP to Move More Grain Amid Delays The Canadian government is requiring the nation's two largest freight railroad to move about 551,000 tons of grains weekly or suffer daily fines of up to $111,000. Transport Minister Lisa Raitt and Agriculture Gerry Ritz said today that the order-in-council will more than double the weekly amount that Canadian Pacific Railway...
Truckload Revenue Leaps at Landstar System Higher first quarter volume and revenue at Landstar System reflect rising freight demand and truck rates, despite and perhaps in part thanks to severe weather. Load volume rose 2 percent in February, while revenue per load was up 7 percent, Henry Gerkens, chairman and CEO of Landstar, told financial analysts on...
Horizon to Pay $1.5 Million to Settle Price-Fixing Claims Horizon Lines LLC has agreed to pay $1.5 million to settle claims by U.S. government agencies that the Justice Department said were harmed by carrier price-fixing in the U.S. mainland-Puerto Rico trade. The settlement agreement ties up another loose end from the Justice Department's investigation of price-fixing by the three largest...
JOC Trucking Employment Index Flat in February JOC For-Hire Trucking Employment Index Full-size chart The JOC For-Hire Trucking Employment Index was flat in February as winter storms chilled trucking industry hiring plans. However, the February reading of 96.1 was still the highest for the trucking employment index since June 2008. Employment at for-hire trucking operators increased 1.1 percent year-over-year in...
APL's Seroka Cautiously Optimistic on US West Coast Labor Negotiations APL's President of the Americas Region Gene Seroka added his vote of cautious optimism yesterday to a growing list of industry executives who believe the International Longshore and Warehouse Union and the Pacific Maritime Association will successfully conclude contract negotiations this summer. "Both sides want to get it done," Seroka told...
Hamburg Bucks Container Traffic Trend Feeder vessels at Hamburg's Burchardkai terminal. Photo ' HHM/Lindner.Hamburg increased container throughput by 4.4 percent in 2013, as surging Baltic traffic and a recovery on Asian services helped it to buck the downward trend across the North European port range. Port of Hamburg: Loaded container throughput, 2009 to 2013 Full-size chart Container traffic...
Controlling the Chaos Call it the "mega" age. The 13,000-TEU-plus vessels that have spawned the formation and expansion of alliances such as the P3, G6 and, most recently, Evergreen's joining the CKYH are the latest examples of a container shipping industry taking dramatic measures to control its fate. Those vessels and alliances, of course,...
Tentative Agreement With Truck Drivers Averts Vancouver Strike A potential strike at Port Metro Vancouver, Canada's largest container gateway, was averted after a government-appointed mediator helped hash out a tentative deal with port truck drivers, according to various reports. Under the tentative deal, union-represented drivers agreed not to strike and non-union drivers could be back on job as soon...
The Gathering Storm I've been reading various articles on Southern California's operating problems related to chassis, terminal conditions, truckers and an unfortunate internal report of a container sitting at a terminal in Long Beach for 10 days after being discharged from the vessel awaiting a trucker to take it to the railyard for...
Torm pulls the trigger One of Torm's lenders has ordered the Danish operator to sell 13 products tankers to Oaktree Capital, the private equity firm that purchased eight ships from the same owner less than a year ago.
Hanjin wins crude deal Hanjin Shipping has clinched a $112.8m deal to transport crude for S-Oil.
South Korea opens up South Korea is relaxing the law to allow cargo owners to buy into domestic shipping companies or establish their own lines.
d'Amico cuts stake The main shareholder of d'Amico International Shipping has sold a 10% stake for EUR 29.32m ($40.66m).
HMM chops loss Hyundai Merchant Marine (HMM) posted its third straight year of losses but managed to curb the deficit after offloading some assets.
LDA: no new order France's Louis Dreyfus Armateurs (LDA) has denied reports it has returned to China for bulker newbuildings.
China Ocean banking $7m China Ocean Shipbuilding is raising $7.3m from the sale of new shares.
Rangk rescheduled Singapore is holding an Admiralty auction for a fast support intervention (FSIV) arrested last November.
Palmali kickstarts order spree Palmali Shipping has signed up for five new tankers at its reactivated Armada Shipyard in Turkey.
Precious plan revealed TradeWinds digests the digits making the headlines this week.
Haisheng borrows from CSG China Shipping Haisheng has secured a CNY 800m ($130.58m) loan from its parent China Shipping Group (CSG).
Kleven takes Volstad duo Kleven Maritime has agreed to takeover a pair of half-built subsea newbuildings from Bergen Group which is scaling back on its shipbuilding activities.
CalMac grows Scottish ro-pax group Caledonian MacBrayne (CalMac) has pushed up passenger numbers in 2013.
SinOceanic cuts loss Norwegian boxship owner SinOceanic has reduced its fourth quarter deficit as financial costs fell.
Lomar confirms trio Lomar Shipping has exercised options for a trio of containership newbuildings at shipyards in China
Crew evacuated from tanker Six seafarers have been taken off a products tanker after it caught fire off Turkey.
CSAV pays second fine Chilean container line CSAV has agreed to pay its second penalty in a week in alleged price-fixing investigations in the US.
Heeeere's Polys We take a look at what was said in the market over the past week.
Ukraine crisis intensifies Political tensions in Ukraine may end up accelerating the approval of applications for licences to export LNG from the US to countries that lack free trade agreements with the nation's government, a top equity analyst told clients Thursday.
Not fit for purpose A Chinese shipyard's failure to follow proper procedures looks to have cost a seafarer his life, an Australian accident report has found.
Paragon's playbook Efforts to establish strong relationships with top tier Chinese shipyards appear to be bearing fruit for Greek bulker and containership operator Paragon Shipping.
Petronas in Taiwan deal Petronas has extended its LNG supply ties with Taiwanese state-owned energy company CPC Corporation.
Baltic halts BCI 2014 A revision of the Baltic Exchange's new benchmark capesize index appears to have suffered some early teething problems.
China cargoes still strong Iron ore exports to China from Australia's Port Hedland jumped 36% year-on-year last month, figures from the port authority show.
Fire hits Crowley barge Fire has struck a Crowley Maritime container barge off the Bahamas, the US Coast Guard said today.
Senate confirms Kerlikowske as CBP chief As his first public speaking engagement as the new head of CBP, Gil Kerlikowske will make a surprise appearance at noon Friday at the CBP Trade Symposium in Washington, D.C.
EU officials to vote on maintaining emissions momentum
DOT amends rail crude rules The Department of Transportation amended its emergency restriction regarding the transportation of oil via rail Thursday, as NTSB announced that a public hearing on rail crude will occur April 22.
Container carriers to see 'pain' for years Transpacific container volumes are expected to increase in the next several years, but increased capacity brought on by ships cascading from the Asia-Europe trade bring challenges as carriers seek to raise rates and prevent volatility.
UECC orders LNG pure car and truck carriers
UPS to report hazmat information electronically
Carriers: Driver pay will increase to combat shortage Annual driver pay may have to approach the $100,000 threshold in the next couple of years in order to attract enough employees to fill a driver shortage, according to one carrier executive.
Volatile fuel prices in Houston Heavy demand and good avails reported at US Gulf coast port.
Weekly Global Market Report A weekly price roundup from bunkering hubs around the world.
Hanjin Shipping inks crude transport deal worth millions South Korean refiner S-Oil Corp to pay firm $112.8 million for its services.
Prices falling in Rotterdam Markets generally soft across Europe.
IFO prices move up in Fujairah Prices lacked direction in South Africa.
Crewman injured in fire on oil products tanker Tanker caught fire off Istanbul.
China 'looking at ECA style' controls Reports says proposals have been submitted to the state legislature.
'Eco' ships are 'like iPhones', say ship financier Latest model proves to be the most attractive.
Sinopec expands its fuel oil storage capacity Storage space on Hainan Island in South China has become operational.
Shell: LNG bunker barge orders could rise to four Industry sources reported saying first barge order is close.
LNG fuelled passenger ferries to start bunkering in Norway Norwegian authorities give final clearance for gas-fuelled ferries to be bunkered with passengers on board.
Asian bunker prices broadly stable Narrow-range trading seen this Friday.
Reports: Fire on bunker barge in Turkish Straits Salvage crews tackled the blaze.
RoRo operator to add LNG dual-fuel carriers to fleet Newbuilds will be the 'world's largest' car carriers to run on LNG, according to shipbuilder.
BLT releases 2012 and 2011 results Firm is undergoing a 'transformation through adversity'.
Interactive map highlights 'higher risk' bunker spill zones Shows risks involved with maritime and offshore activities in the Arctic.
Profit up at Irish ferry operator But expects a 'substantially' bigger fuel bill from 2015.
Update: Titan saved from insolvency Court proceedings for winding up petition held today.
Piraeus and Greek short sea fleet focus for LNG meeting SNAME-led discussion to cover economics and technicalities of using LNG as marine fuel.
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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