Jaccar to expand energy business with Bourbon deal But Jacques de Chateauvieux suggests possible withdrawal from Sinopacific
Asia to Europe volumes have peaked, says K+N chief Schacht Supply and demand to be imbalanced for at least two years as vessels are delivered
Fast-track US LNG exports, urges consultancy GlobalData The US should be competing with other gas exporters, says energy analyst
Hapag-Lloyd's planned tie-up with CSAV seen as boost for Hamburg But HSH Nordbank's Nieswandt forecasts 'tremedous consolidation' among local tramp owners
Argentina port strike will hit gas, dry bulk and oil products shipments Unions call for 24-hour strike on Thursday
South Korea-Australia free trade deal will benefit LNG shipping Cutting tariffs on gas exports to Seoul will make cargoes more keenly priced
Dover given greater commercial powers but no sell-off Shake-up falls short of privatisation for trust port that is top UK ro-ro hub
Box carriers will continue to race to build larger ships SeaIntel and Alphaliner warn of worsening price wars in the next two years
Shippers face 'information gaps' when using alliances Nestlé transport chief tells conference of key challenges created by carriers' co-operation
Eastbound Asia-Europe rates must rise to avoid capacity crunch Capacity deployment based on westbound demand creates shortages on services to Asia
Operating profit rises 9% at Shih Wei Navigation But Taiwan dry bulk operator is hit by higher operating costs
P3 gears up for July start as carriers wait for China's approval In the absence of prospective takeovers, Saadé sees alliances as container lines' future
How did they do that? As Maersk Line reports another year of profit growth in difficult conditions, chief executive Søren Skou reveals how it achieved the result
Changing lanes Freight forwarder growth for 2013 in line with the overall market, but results mark strategy changes
View from the Bridge: Peter Ulber Chief executive of Panalpina talks to Containerisation International about the company's plans to expand its sea freight business
Big miners ramp up iron ore production driving capesize demand Prices drop as steelmaking material floods the market, spurring trade and need for tonnage
Maritime crimes fall 13% in first-quarter 2014 Dryad urges vigilance despite fewer Southeast Asia, Indian Ocean and West Africa attacks
Navios South American Logistics prices and upsizes its bond Investors question 2014 cash burn as the company buys barges and develops ports
Avance Gas IPO raises $100m for growth Success highlights sizzling prospects for the very large gas carrier market
CIT finances Tanker Solutions' purchase of four long range one ships Prime Marine joint venture with Castlelake lands second loan deal with $55m facility
K Line sees 13,000 teu-14,000 teu boxships as Asia-Europe workhorses CKYHE alliance may have at least 70 ultra large containerships by end-2017
Megahubs of the world unite, urges DP World Terminal operator calls on its peers to work together in an age of megaboxships
Record results for IHC Merwede Dutch shipbuilder IHC Merwede's 2013 revenue of €985M ($1.365Bn) as against €895M in 2012, and net profit of €56M (€37M in 2012) has set new records - and its forecast for the remainder of 2014 and beyond is equally buoyant
Frank Mohn takeover challenged by chairman's son The planned $2.2Bn sale of Norwegian marine pump manufacturer Frank Mohn to Sweden's Alfa Laval has been challenged by Frederik Mohn, son of Frank Mohn chairman Trond Mohn
Van Oord wins €50M Indonesian contract Dutch dredging major Van Oord will both deepen and widen the Port of Surabaya's western access channel in a 10-month project to start in May, and then maintain it for a further two years
Avance's IPO values company at NK4.3Bn Avance Gas Holding, the VLGC carrier owner going public in Oslo, has priced its IPO at NK122 ($20.3) per share and issued 4.89M new shares in the process
Ernst Russ predicts better times for feeders The charter market for container feeder ships has bottomed out and should pick up during 2014, Germany's Ernst Russ Shipbroker said today
Lack of inflation in West worrying A lack of inflation in parts of the Western world, combined with concerns regarding the accuracy of economic data released in China, is raising concerns for the shipping industry
Svitzer Salvage establishes 'loss mitigation' partnerships Svitzer Salvage has set up a new business model for shipowners, offering bespoke response services to its clients
Mingde wins orders for 13 vessels Nantong Mingde Heavy Industry announced that it has entered contracts with a European shipowner for seven 24,600dwt chemical tankers with four options, and secured orders for two 64,000dwt bulk carriers with a Hong Kong owner on the same day
OW Bunker, Genoil to develop LSFO OW Bunker will develop low sulphur fuel oil (LSFO) in partnership with Genoil, the global engineering technology development company under a memorandum of understanding that both companies signed today
JES eyes business in Congo Singapore-listed JES International, a private shipbuilder in China, announced yesterday that it has entered into an agreement to acquire 51% of the entire issued and paid-up capital of SCIBOIS for up to $65M
EMAS to use Inmarsat's XpressLink service EMAS, which provides offshore/subsea construction, marine, production and well intervention services, has changed its communication services from Inmarsat FleetBroadband to XpressLink on 35 vessels
Drewry: Asia-US Rates Remain at Lowest Level This Year Drewry Container Rate Benchmark, April 9, 2014. Full-size image The Drewry benchmark rate for shipping from Hong Kong to Los Angeles was flat in the week of April 9, remaining at its lowest level since December 2013 at $1,836 per 40-foot container. The current Hong Kong-to-Los Angeles rate is down 23.0 percent or...
Virginia Governor: Port's Losses Must End Virginia Gov. Terry McAuliffe said the state port authority's operating losses must end, and that he plans "some very substantial changes" to the port board and wants to renegotiate its 20-year lease of APM Terminals' Portsmouth facility. "We are not going to tolerate losses at the port - not going to...
Weak Air Freight Pricing Hurts UTi Worldwide UTi Worldwide says it saw "pockets of strength" in its air freight forwarding segment's fiscal fourth quarter, contributing to a slight volume increase year-over-year, although that was not enough to offset a challenging pricing environment and softness in the global economy. In its recently released earnings for the fourth quarter of...
Opponents Criticize Forthcoming US Heavy Truck Report Opponents of allowing larger and heavier trucks on the nation's highways are already calling foul on a yet-to-be-released study by the U.S. Department of Transportation and want President Obama to put the research on hold. The study, which is required by law to be completed by the end of September, uses...
US Meat Exports Lifted by Growth in Mexico Trade Despite growing concerns about tight supplies and rising prices, U.S. red meat exports performed well in February, buoyed by double-digit growth in exports to Mexico, according to statistics released by the U.S. Department of Agriculture and compiled by the U.S. Meat Export Federation. U.S. beef exports volume in February slipped 0.6...
US Freight Shipments, Spending Rose in March Severe weather disrupted supply chains across the U.S. this winter, but freight demand was still much stronger than usual in the first quarter, a new report shows. However, the report questions whether freight demand, and freight spending by shippers, will continue to rise in the second quarter, or fall back. U.S. freight...
Old Dominion Launches New Website THOMASVILLE, N.C. (April 8, 2014) - Old Dominion Freight Line, Inc. today launched its newly redesigned odfl.com website. The redesigned site provides customers with enhanced functionality and streamlined navigation to improve the user experience. Using responsive design technology, the site is immediately optimized based on the user's device, whether desktop, laptop, mobile or tablet. Registered...
Florida East Coast Holdings Corp. and Florida East Coast Industries, LLC Announce Launch Of Private Offering Of Senior Secured Notes And Senior Unsecured Notes JACKSONVILLE, Fla., April 9, 2014 /PRNewswire/ -- Florida East Coast Holdings Corp. ("FECH") and Florida East Coast Industries, LLC ("FECI") announced today that they have launched, as co-issuers, an offering of approximately $1.1 billion aggregate principal amount of senior secured notes and senior unsecured notes (collectively, the "Notes"). The Notes will be the joint and...
TPM 2014 Sponsored Video: ABF Global Carlos Martinez-Tomatis, division vice president of ABF Global, sees 2014 as a challenging year for NVOCCs in the trans-Pacific, with overcapacity and chassis issues. He discusses the need to get beyond a focus on rates and the strategy behind the company's recent restructuring of some of its units as ABF...
VLGCs strike $100,000 daily Rates for very large gas carriers (VLGCs) have surpassed the $100,000 mark and forecasters believe the market will continue to gain momentum in the days to come.
Yagerman leaving DB One of shipping's longest-tenured equity analysts is understood to be leaving Deutsche Bank to join a bulge-bracket rival.
Norden explains spot shift Norden remains confident of a recovery in the dry cargo market as it pushes ahead with a plan for sharply increased spot exposure.
UK hauls in six UK port state control inspectors detained six vessels during March.
Zeaborn confirms MPP spree German newcomer Zeaborn has confirmed a huge order for 10 multipurpose (MPP) vessels at a Chinese shipyard.
UASC launches Med run Kuwait-based United Arab Shipping Company (UASC) has added another string to its Asia-Mediterranean services to meet growing demand.
Titan in Keppel tie-up Titan Petrochemicals has been given a huge boost by Keppel Offshore & Marine which has agreed to manage its struggling shipyard in China.
Murmansk wins Yamal deal Russia's Murmansk Shipping Company (MSC) has won a deal to transport construction cargoes for the domestic Yamal LNG project over three years.
Double trouble A Stena ro-pax has been damaged in a crash in New Zealand, while further problems have been found with the vessel it was brought in to replace.
Fire on Avance VLGC A fire has hit a VLGC newbuilding first ordered by John Fredriksen at Jiangnan Changxing Heavy Industry.
Alam closing on DSV Malaysian offshore vessel owner Alam Maritim Resources is closing in on its long-planned move into the subsea vessel sector.
Crewman dies in blast A Chinese seafarer has been killed in an explosion in the hold of a German boxship off India.
Box fall kills two Two port workers have been killed in a crane accident involving a boxship in the Maldives.
EOC earnings soar EOC has a sale and leaseback deal for a large construction vessel to thank for a huge upswing in second quarter earnings.
Navios Logistics adds $25m Navios South American Logistics has sold an extra $25m of notes in the US as it refinances debt.
Nantong Mingde's lucky 13 China's Nantong Mingde Heavy Industry has unveiled big new chemical tanker and bulker orders totalling up to 13 ships.
Capes clinched at Hanjin Korea's Hanjin Heavy Industries has added another two capesize bulkers to its orderbook.
Hanjin adds two more Korea's Hanjin Heavy Industries has reportedly added another two VLCCs to its orderbook.
Avance valued at $720m Avance Gas has closed the book on an Oslo IPO which values the company at NOK 4.30bn ($720m).
ADNOC orders two Abu Dhabi National Oil Company (ADNOC) has ordered two new high-speed ferries at Australia's Austal for offshore transport.
Samsung's drillship double Samsung Heavy Industries has added an order for two drillships to be delivered by June 2017.
WLS: Transpacific capacity continues free fall in Q1 2014
Argentina's ports brace for Thursday strike A 24-hour strike planned by union transportation workers in Argentina on Thursday is expected to the port of San Lorenzo-Rosario, transits at Zona Comun and pilot boat operations through Rio de la Plata and the Parana River.
CSA ups U.S. security charges The members of the Caribbean Shipowners Association have called for an increase in U.S. security charges due to security measures implemented throughout the Caribbean in the past few years, the group announced Monday.
Dynamar: PCC/PCTC fleet growing while conventional ro/ro lags A new study from Dynamar of the roll-on/roll-off shipping business, found that while the conventional deepsea ro/ro fleet is contracting, the vehicle carrier fleet is growing.
Freight shipments, expenditures up in March The amount of cargo shipped and the price of those shipments in March rose by 6.6 percent and 5.4 percent, respectively, compared to February, according to the the Cass Freight Index Report.
U.S. Bank to offer virtual payment solution
Owner-operators push for FMCSA medical examiner extension
CEVA Logistics opens foreign trade zone in Miami
Yusen starts Southeast Asia cross-border trucking service
Methodology reveals sources of wasted energy on ships Helps managers prioritise investment in technology alternatives, says DNV GL.
Strikes disrupt markets in Greece and Argentina Greek refiner suspends loadings of bunker barges.
Mid-week prices mainly firm in Fujairah Prices flat in Suez.
Mid-week prices move up on stronger crude Prices rises mostly in single digits.
USCG: Seawater contamination major factor in Kulluk grounding Engineer on the towing vessel Aiviq previously blamed an unknown fuel additive for engine failures.
ExxonMobil welcomes MPA move on mass flow meters Company tells Bunkerworld it will expand service in Singapore.
IMO focuses on fuel consumption data collection Discussion on GHG measures at latest MEPC show even data collection is difficult to move forward on.
Fuel oil spill at Richard's Bay Spill source is Engen pipeline.
Court ruling welcomed by bunker players Dutch appeal court accepts that de-bunkered fuel should not be treated as waste.
Asian prices northbound in trade Prices up across all key trading hubs.
Japanese LNG engine gains DNV GL approval Engine maker adapts technology from power supply market for use on ships.
Bunker supplier in move to secure supply of 0.10% LSFO O.W. Bunker signs MoU with technology company.
Swedish owner readies dual-fuel newbuild to run on LNG Lack of infrastructure means trucks are only option.
Mass flow meters could lift Singapore bunkering volumes, says official Despite the possibility of an adjustment in bunker prices.
Singapore to introduce new measurement standard for bunker fuel Standard will be ready between 2016 to 2017, official tells Bunkerworld.
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