The commissioners have got it wrong on 2M The FMC has failed in properly applying the US Shipping Act and has hampered the creation of legal tools to asses global alliances from a global perspective
Kozmino's call on aframax tankers Crude oil export growth from Russian port to boost aframax work
FMC Commissioner calls for 'collaborative effort' to combat congestion Entire supply chain must play their part, says Commissioner Doyle
Maersk receives confirmation of FMC's 2M approval FMC says it will impose reporting requirements on 2M carriers
Transatlantic products trade back to earth with a bump Change in fortune highlights mixed year for product tankers
Savannah dredging project moves ahead Deeper water will improve tidal access and allow vessels to load more cargo
Aronnax@DMD: Simplified procurement gaining hold Viking Lifesaving is to expand the way it offers liferaft and lifeboat servicing to how it delivers smaller consumables
A year of change for containers Despite a busy first half, liner companies can expect little lasting good news
Pirates release product tanker hijacked last week Robbers syphon 5,000 tonnes of gasoil in attack showing familiar pattern in South China Sea
NYK set to receive LNG newbuilding in 2018 for Cameron LNG Ship will be owned by NYK subsidiary Tea Tree Shipping
Sanctions here to stay, says Salthouse Restrictions now part and parcel of shipping
Canada says owners' ballast water concerns are not based on scientific fact Shipowners' groups set to fight for last-minute compromise on equipment robustness at next week's MEPC
Yard Talk | Who will get the latest valemax order? Chinese yards set to benefit as compatriot owners sign deals with Vale
A new beginning A lot can happen in the space of a year as Lars Mikael Jensen has found out
China Ocean Shipbuilding Industry issues statement on stock rise Hong Kong-listed company shares leap as it confirms it has made the China shipbuilding 'white list'
Shipping to benefit from longer-term trade dynamics, says Lamy Polemis tells Athens conference it is a 'fallacy' that building new eco-ships will protect the environment
Shipping may not rebound until 2018 Freight rates may not see a sustained recovery until at least 2018, said International Maritime Organization Secretary-General Koji Sekimizu. Speaking at the Danish Maritime Forum today, Sekimizu said that from his observation, shipping takes at least 10 years to recover from a recession and the
US approves Maersk-MSC pact Federal regulators in the United States have determined that a massive vessel sharing agreement between Maersk and MSC is unlikely to unreasonably increase transportation rates or reduce service. The 9 October decision by the Federal Maritime Commission (FMC) allows the Maersk-MSC VSA, otherwise
Hong Kong to renew vessel traffic system Hong Kong has awarded a contract to defence and security company Saab to renew the existing Hong Kong vessel traffic services system. The order value is HKD400M ($52M), a statement of Saab said yesterday. This contract will be delivered during 2015-16. The vessel traffic services system enables
IMO hopes to produce 40,000 seafarers by 2030 The International Maritime Organisation hopes to see at least 40,000 qualified seafarers by 2030 as the merchant fleet grows. But attracting people to the profession is difficult, said IMO Secretary-General Koji Sekimizu. Speaking at the Danish Maritime Forum today, Sekimizu said, "This is a
CSBC secures order for heavy-lift quartet Taiwanese shipbuilder CSBC Corp has secured an order for four semi-submersible heavy-lift vessels from Singapore-based shipowner Greenland Petroleum Operation Pte. The four 65,000dwt vessels are scheduled for delivery in the first three quarters of 2017. The shipbuilder's last order was for two
Crew hospitalised after ship blaze A seafarer is in hospital in a critical condition and all 50 crew evacuated after livestock carrier Ocean Drover set fire in the port of Fremantle, Australia, today. No livestock were on board the vessel at the time. A St John Ambulance spokesman told local media that one man in his forties had
Wisdom Marine profit up $39M Taiwanese carrier Wisdom Marine recorded profits of TWD$1.19Bn ($39.22M) for the first nine months this year, up by 11.79% year-on-year, according to its fiscal report released on Monday. The company made TWD$6.62Bn in the reporting period, up 6.1% from a year earlier, with its earnings per share
Thai PM visit boosts Dawei port project Mega-port Dawei is back on the agenda with a visit to Myanmar by Thailand's Prime Minister, as well as Japanese support, official sources acknowledged. Thailand's Prime Minister General Prayuth Chan-ocha's official visit to Myanmar today and tomorrow will include the Dawei deep-sea port, Thailand's
Wan Hai launches intra-Gulf service Taiwanese carrier Wan Hai Lines will launch the Pakistan-Saudi Arabia Express service (PSX) beginning 17 October. Two 1,200teu box ships will be deployed for this new service. The port rotation for this route will be Jebel Ali, Bahrain, Damman, Jubail, Jebel Ali, Karachi and Jebel Ali. The
Seafarer rescued off Tianjin A seriously injured seafarer on board a barge was rescued last week off Tianjin, China, after the vessel's anchor broke. The unnamed barge was drifting in gale conditions when the Beihai Rescue Bureau received a report at 6.50 local time on 29 September. The only crew member on board the barge
Nigerian piracy likely to rise ahead of polls Piracy in the waters of Nigeria is expected to rise ahead of the West African nation's general elections in February 2015. "There seems to be a connection between the electoral cycle in Nigeria and pirate activities," said Anders Bruning Westberg, researcher at Royal Danish Nautical College. "The
APMM boss: 'Shipping must accept falling rates' Despite growth in annual container trades, shipping companies must come to terms with downward pressure on freight rates as shipping capacity will exceed demand for some time, said A.P. Møller-Mærsk CEO Nils Andersen. Speaking to reporters on the sidelines of the Danish Maritime Forum, Andersen
Missing Vietnamese tanker found Missing Vietnam-flagged tanker, Sunrise 689, was found after being ransacked by sea robbers, according to a report from ReCAAP Information Sharing Centre (ReCaap ISC). The master of Sunrise 689 made contact today with the Vietnam Maritime Administration and ReCAAP's Vietnam Focal Point, after
POSH aborts joint ventures with Grupo Pegaso Singapore-listed offshore marine services provider PACC Offshore Services Holdings (POSH) has aborted the proposed acquisition by Grupo Pegaso of interests in the company's joint ventures in Mexico. Initially, the POSH proposed to partner Grupo Pegaso for a joint venture based in Mexico for the
EMAS Offshore debuts on Singapore Exchange Singapore-listed offshore services provider, EMAS Offshore has made its debut on the main board of the Singapore Exchange Securities Trading (SGX-TX), becoming the first company to dual-list in Norway and Singapore for capital raising. The secondary listing was made on 8 October 2014, providing
Mermaid Maritime increases stake in Subtech Saudi Arabia Singapore-listed subsea and drilling services provider, Mermaid Maritime has increased its shareholding interest in marine services provider Subtech Saudi Arabia from 70% to 95%. The investment will be done through Mermaid Subsea Services (International), a wholly owned subsidiary of Mermaid
E-commerce fulfillment model still up in the air The logistics of e-commerce fulfillment continues to change along with the whims of consumers, so although industrial real estate developers really want a single model to guide their planning efforts, it's not going to happen anytime soon. "What we're doing today is different than what we did 18 months ago," said...
North American intermodal volumes continue strong It was not another record high for North American intermodal, but strong intermodal volumes were reported on 13 railroads again this week, adding another chapter to the industry's growth story. Total North American intermodal and carload volumes, provided by the American Association of Railroads, grew in the week ending Oct. 4....
Maersk: Ship operators skirting emissions regulations Shipowners operating in emission control areas are skirting the system with falsified fuel delivery slips and a variety of other tactics, Maersk Group says. Danish authorities confirmed Maersk's claims that carriers are using a variety of tactics to dodge fuel emission regulations, IHS Maritime 360 reported. Ships operating up to 200...
Retailers: Unsettled ILWU contract has 'big impact' Dragged-out negotiations for a new West Coast longshore contract are adding to congestion and delays at ports and threatening supply chains for holiday-season goods, the National Retail Federation warned. NRF President Matthew Shay wrote to the presidents of the International Longshore and Warehouse Union and the Pacific Maritime Association, urging them...
DHL drafts freight management system to meet capacity demands DHL Global Forwarding will secure long-term capacity in the trans-Pacific and on other trade lanes to help customers manage rising rates as global capacity tightens. DHL unveiled plans for a new freight management system, which would guarantee capacity to meet its customers' growing demands and help DHL side-step any potential delays....
Wan Hai slates new India-Mideast container service Wan Hai Lines plans to launch a new weekly container service between the Indian subcontinent and the Middle East in mid-October. The Pakistan-Saudi Arabia Express Service, or PSX, will employ two ships with capacity of around 1,200 20-foot-equivalent units. The port rotation will be Jebel Ali, United Arab Emirates; Bahrain; Dammam and...
Royal Mail sets aside funds to limit French antitrust fine Royal Mail said it has set aside £18 million [$29 million] as part of a settlement with French competition authorities over a possible violation by one of its subsidiaries of antitrust laws in the nation's parcel delivery market. "By agreeing to settle and provide compliance commitments now, Royal Mail will benefit...
Georgia plans additional inland terminals The Georgia Ports Authority expects during the next year to announce the second of six inland intermodal terminals it plans to develop to expand the port's reach across the Southeast, port authority CEO Curtis Foltz said. The inland terminals would be established under a "Network Georgia" program launched by the GPA,...
Ex-ILA official gets 18 months for extortion A former president of International Longshoremen's Association 1235 in Newark, New Jersey, was sentenced to 18 months in prison for extorting his members for "Christmas tribute" payments to the Genovese crime family. The sentence for Vincent Aulisi, 82, followed the 30-month sentence imposed last year on his son, Edward, for his...
Southern California industrial real estate market heats up The industrial real estate market in Southern California has come roaring back from the economic recession, especially in the vast port-dependent region known as the Inland Empire, a CBRE executive said Wednesday. "It's one of the best markets in the country," Darla Longo, vice chairman in Southern California, told the annual...
The big ship problem When 2014 is in the history books, one thing that will have become abundantly clear is that the container industry faces a big, big ship problem. The industry has known long before this year that ships were getting big. Indeed, they've been growing in size since the first vessel was launched...
Heavy demand in China for e-commerce logistics space HONG KONG - Global Logistic Properties (GLP) continues to grow its leasing portfolio as customers expand to cater to the fast rising demand for modern e-commerce logistics facilities on the Chinese mainland. The leading provider of modern logistics properties in China, Japan and Brazil this week signed pre-lease agreements totaling 527,000...
China e-commerce no generator of air cargo volumes, airline executive says SEOUL - China's e-commerce market continues to generate incredible year-over-year growth and huge amounts of hype, but AirBridgeCargo's executive president Denis Ilin brought the discussion down to Earth at an Air Cargo Forum panel in Seoul this week. The Moscow-based freighter operator said consumers in China were shopping more, but instead...
Guangzhou DC opened by Yusen to focus on consumer goods Yusen Logistics, the supply chain division of NYK Group, Japan's largest shipping firm by sales, said it expects significant growth in demand for warehouse services in the Guangzhou area. The region "has experienced economic development by taking advantage of its prime location as a hub for regional logistics, having excellent...
Profit motive behind oil refiners' Jones Act attack: US maritime leader U.S. oil refiners want to eliminate the Jones Act's U.S.-flag requirements for domestic shipping "for only one reason - so refiners can make even larger profits," said Tom Allegretti, president of the American Waterway Operators. Allegretti, chairman of the American Maritime Partnership, which represents U.S. domestic maritime companies, defended the 1920...
Major US railroads required to report weekly metrics following service problems Following months of service problems and public hearings, the U.S. Surface Transportation Board will require all Class I railroads to issue detailed weekly performance metrics for each major freight type, including intermodal. The STB handed down the decision today, which it hopes will "promote industry-wide transparency, accountability and improved service." The...
US grain inspections surge US grain inspections are at their highest level since February, according to the US Department of Agriculture (USDA).
Officers needed for growth The shipping industry will need to find around 40,000 qualified officers to cope with a potential doubling of the fleet over the next 15 years to cope with expected growth in seaborne trade, warns International Maritime Organisation (IMO) Secretary-General Koji Sekimizu.
Ebola impact to last The impact of the Ebola outbreak could have operational impacts for the shipping industry "deep into 2015", a shipping consultancy said.
Piracy threat remains Maritime crime figures have dropped in the third quarter of the year but piracy is continuing across the globe, posing a steady threat, a Dryad Maritime survey has found.
Tanker saves 167 A Greek-owned tanker has saved 167 immigrants from a boat in distress off Benghazi, Libya.
EMAS seals deal Offshore firm EMAS has finalised three contracts worth more than $300m with Noble Energy.
GOS adds to fleet Ashok Garware's Global Offshore Services has added to its fleet with the purchase of a new vessel.
Kurdish oil offloaded Three vessels carrying Kurdish oil have appeared on a vessel tracking website with their draughts lessened, implying that they have offloaded their disputed cargo.
Swissco fixes trio Singapore-listed Swissco Holdings has sealed charter deals for three ships in the Middle East.
"Hello, darling" Positive reaction to John Fredriksen's new dry cargo giant continued today with Danske Bank branding the enlarged Golden Ocean a "new dividend darling".
Count yourselves lucky Shipowners who think they have been battered by recession in the last five years may, in fact, have escaped lightly.
Hallin closes down Singapore's Hallin Marine has officially shut down, the company's employees were told on Tuesday.
Atlantic pulls issue Singapore's Atlantic Navigation has scrapped a planned share sale after watching competitors' stock plunge in recent days.
BW crewman burned A BW LPG crewman has been taken to hospital after suffering second-degree burns off South Africa.
Tanker released A Vietnamese tanker that was missing for a week has been released by pirates who stole some of its cargo and injured two crew members.
Four for CSBC Taiwanese shipyard group CSBC Corp has won a deal to build four semi-submersible heavy-lifters.
Sewol captain "confused" The captain of the South Korean ferry Sewol has said he was not in his normal state of mind when the vessel started sinking in April.
NITC free of sanctions The European Union's time for an appeal against a summer ruling over National Iranian Tankers Co's (NITC) blacklisting has elapsed, resulting in the annulment of sanctions, the shipowner said on Tuesday.
US clears 2M tie-up The US has approved Maersk Line and MSC's containership alliance 2M, which should now be up and running in January.
Livestock carrier hit by fire Four seafarers have been hospitalised after a fire broke out on a livestock carrier in the port of Fremantle.
Parida reaches safety A ro-ro vessel that was left drifting without power off Scotland has been towed to safety by a Swire Pacific anchor handler.
Andersen queries PE AP Moller-Maersk chief executive Nils Smedegaard Andersen has raised serious doubts about the wisdom of private equity's rush to buy ships.
BOP opts to go asset light Barakah Offshore Petroleum (BOP) is set to adopt an 'asset light' strategy as it looks to execute its $700m order backlog.
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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