Terminals that weigh boxes will have a commercial advantage, says TT Club Carriers will require ports to weigh containers to update stowage plans
G6 carriers set up Singapore joint service centre Move has little similarity to P3 network centre despite shared aim to optimise operations
Summer boost for owners as VLGC rates rise for the 15th day in a row Daily earnings head back towards $100,000 on key Middle East Gulf-Asia trade
Inmarsat plans new maritime safety system Product using FleetBroadband network awaits IMO approval
Watchdog urges review of US port cyber security Report notes limited action taken to address cyber security concerns
Missing product tanker contacts owners Fair Artemis Seafarers are safe after Gulf of Guinea pirate attack
Aframax tanker lands lucrative lightering work Aframax Delta Star rakes in $18,500 per day for three-day contract
OOCL postpones delivery of two boxships Second time that delivery from Hudong Zhonghua has been pushed back
Seroka confirmed LA director as west coast labour talks continue ILWU and PMA deny temporary suspension of dialogue
Local court approves STX Dalian receivership Creditors sought rehabilitation decision in May after failing to find investors
Tanker fears as Kurdish fighters take the Northern Iraq oil city of Kirkuk Renewed conflict could disrupt aframax crude exports out of Ceyhan
Shipping's fuel fiasco Main trade artery wonders how it will afford to keep ships sailing under green-fuel rules
Lauritzen inks Japanese bulker deal Developing handysize presence key to Danish company's decision to secure two new ships
Feeder fortunes in flux Delphis managing director Alexander Saverys tells Containerisation International about the challenges faced by shortsea operators
Global Gateways: Europe Containerisation International looks at the challenges facing European ports
Data Hub: Trade Statistics - Americas Encouraging signs for the whole industry
Brazil steps on the gas ahead of World Cup 2014 Lloyd's List Intelligence data shows LNG shipments surge ahead of global football fiesta power demand
Forwarder UTi centralises dry cargo chartering US freight forwarder UTi Worldwide has centralised its project and dry cargo chartering operations in a bid to speed up processes. The Nasdaq-listed supply chain services group announced yesterday the set-up of ocean charter service centers in Amsterdam, Johannesburg, and Singapore, with a global
Fair Artemis makes contact after pirate attack A tanker reported hijacked by suspected pirates off the coast of West Africa has made contact with its operator, IHS Maritime was told. Fair Artemis lost contact with its owner after 18.00hrs on 4 June, when the ship was about 50nm (90km) offshore from Ghana in international waters under the
Seafarer charity helped Albedo escape A seafarer charity played a leading role in the successful escape of 11 seafarers held by Somali pirates, a former senior UN crime official told IHS Maritime. Colonel John Steed (retd.), consultant to the UNODC's maritime crime programme, said that the UN was responsible for the operations and
Wärtsilä offers services to RCL Wärtsilä will provide marine equipment maintenance services for ten years to Royal Caribbean Cruises Ltd (RCL), which includes a subcontract with ABB Turbocharging. The agreement covers condition monitoring of the engines, individualised technical support, the development and design of new
DOF awards services deal to Wärtsilä Wärtsilä will provide services for its marine equipment to the Norwegian offshore vessels and subsea services DOF Group under a three year deal to ensure minimal downtime of its fleet. The agreement covers services for all Wärtsilä equipment, including engines and propulsion, as well as electrical
Hayvard to IPO in June Havyard Group, the Norwegian builder of offshore services vessels, says it expects trading in its shares to start on the Oslo Axess market on 26 June after a planned IPO. "In connection with the offering and the listing of the company there will be a public offering of the company's shares whereby
COSCO Dalian, GSI & CSTC inks MR trio A contract signing ceremony was held yesterday in Dalian between Chinese shipowner Dalian Ocean Shipping (COSCO Dalian), compatriot shipbuilder Guangzhou Shipyard International (GSI) and China Shipbuilding Trading Co (CSTC) for three MR tankers. The ship building contract for three 50,000dwt tankers
Wärtsilä to equip Finnish icebreaker Wärtsilä has been revealed as the supplier of dual-fuel engines that will be used on a new €123M Finnish icebreaker due for delivery in late 2015, marking it as the first LNG-powered icebreaker in the world. The engines, capable of operating on LNG and low sulphur diesel fuel, will enable the
Dalian Port partners with Maersk Line China Dalian Port has signed a strategic co-operation framework with Maersk Line China, eyeing wider co-operation on empty container transfers and containership switches. The partnership follows a similar agreement signed between the parties in 2012, that led to an empty container transshipment base at
Piracy worsens in Southeast Asia The piracy situation is worsening in the Straits of Malacca and Singapore, Ridzwan Rahmat, IHS Aerospace and Defense senior naval reporter, highlighted in the IHS Forum Singapore today. "Most of us are aware of the global piracy situation in East Africa, such as in Somalia. But not many are aware of
Search for Sewol owner and followers continues A total of 5,000 riot police troops, including 20 manoeuvre companies, have been stationed in the compound of a religious sect led by the fugitive owner of capsized ferry Sewol. Since yesterday, the troops have surrounded Geumsuwon, a religious compound of Gu Won Pa (Salvation Sect) in Anseong City,
Trada Maritime's stocks suspended The Indonesian Stock Exchange has suspended the trading of PT Trada Maritime (TRAM)'s shares after crew members from one of its ships were arrested for oil smuggling. In addition, the company is required to pay $30.57M in principal debt and other costs. The suspension is imposed as the result of MT
Thai military government keen to improve intermodal rail infrastructure Thailand's military government is keen on dual-tracking the railways, one of its officials said. Dual-tracking, which has been put forward as a way to improve Thailand's logistics, is "highly considered," Department of Information director-general Sek Wannamethee told reporters at the Foreign
IHS Forum reviews Singapore's port status Singapore's successful rise as a maritime hub was discussed at the IHS Forum Singapore 2014. Richard Clayton, chief maritime analyst from IHS, chaired the discussion and examined a few key elements relating to the port development over the years. Clayton identified the maritime hub as having at
Crew of ship stranded near Maldives rescued All 20 crew members on board the Vietnam-registered general cargo ship Viet Long, which was stranded near the Maldives, have been rescued by the Maldives Coast Guard. Viet Long was left stranded in the distress position of 04-33N 073-22E in the Laccadive Sea near the Ziyaaraiyfushi Island, 40 miles
Ship's master fined, ship detained A ship's master has been fined and his ship detained after failing to notify the New Zealand authorities of grounding off New Plymouth in the Taranaki region on the west coast of New Zealand's North Island. The master of the Singapore-flagged cargo vessel Lake Triview, Rolando Valmeo Legaspi, was
China takes sea dispute to UN China sent a note to the UN Secretary-General Ban Ki-moon on Monday, underlining its stand on the Vietnam-China standoff near the Paracel Islands in the South China Sea. "China sent the note to tell the international community the truth and set straight their understanding on the issue," Wang Min,
NVOCCs: Rising from the depths Less than a year ago, the outlook wasn't so bright for non-vessel-operating common carriers, those ocean intermediaries who pool cargo, ostensibly for smaller shippers looking for any freight rate break available - breaks that typically go only to their larger brethren. "Why NVOs Are Controlling Less of This," the JOC's...
Non-vessel-operating common carriers staging a comeback Top 20 NVOCCs in the Asia-U.S. trade Full list Happy days are here again, at least for non-vessel-operating common carriers. After 2012 when their market share dropped in the trans-Pacific trade, NVOs are seeing that share rebound in line with the growth they are seeing on other global trade lanes. NVOs handled 5.2...
West Coast work stoppage poses long-term threat to US agriculture exports, group warns A port shutdown due to an impasse in ILWU contract negotiations would be disastrous for agricultural exporters in the short term, but the loss of business resulting from a failure to address persistent productivity issues would be even more damaging to West Coast ports and dockworkers in the long term,...
Canadian official hopes to head off another strike at Vancouver Canada's Minister of Labor Kellie Leitch is heading to Vancouver, British Columbia, tonight to mediate a labor dispute between Seaspan and two tugboat unions that guide ships into and out of the port, in the hopes of avoiding a strike. Earlier this week, members of the two unions - the International...
ILWU talks could lift air freight Those who wanted to get cargo shipments out ahead of potential work slowdowns and stoppages at U.S. West Coast ports have most likely already done so. Those who haven't may have contingency plans involving diversion of cargo to other ports. But industry experts who have been through labor negotiations in...
Oil barrel tax latest pitch to save US highway funding The U.S. Congress is considering taxing oil companies to pay for federal highway construction, as legislators debate whether to save the primary engine of surface transportation infrastructure funding with a short-term fix or something more ambitious. Rep. Peter DeFazio, D-Ore., introduced a bill that would replace the 18.4-cent tax on each...
June surge in truckload, LTL freight squeezes pricing, 3PLs The U.S. freight economy is humming in June. Rising industrial demand is colliding with tight truckload capacity, sending spot market truck rates rising. Tight truckload capacity is shifting some heavier shipments to less-than-truckload carriers, and intermodal volumes are rising, too, driven by accelerating business at West Coast ports. "This June is...
McNair-Morgan accident reroutes trucking hours of service debate Debate over driver fatigue and how many hours truck drivers should spend behind the wheel exploded on the national stage this week after an accident claimed the life of one celebrity and injured another. The June 7 crash that killed comedian and writer James McNair and injured comedian and TV star...
Truck ban threatens growth at Chicago inland port Cargo growth at a major intermodal complex outside of Chicago has triggered a fight between the developer and users of the inland port and a village fearful of accidents caused by the increased congestion. The village of Elwood's effort to stop trucks using a route as a shortcut to the complex,...
Hub invests to boost intermodal fluidity OAK BROOK, Ill. - Hub Group is adding equipment, technology and drayage drivers in an effort to improve intermodal fluidity, as signs increasingly suggest rail capacity is in a delicate balance. The crippling of railroad networks last winter because of the brutal weather and an uptick in rail volume, both carload...
APM Terminals boosts Gothenburg rail capacity by 50 percent APM Terminals said container rail capacity at its Gothenburg facility will increase by 50 percent when a new rail track and two specialized rail cranes start operations in the fall. The new facilities are part of a $120 million investment program by the Maersk Group's port arm which won a 25-year...
Container throughput rises at India's major ports State-owned major ports in India recorded moderate levels of container throughput growth during April and May, the first two months of fiscal year 2014-15, compared with a year earlier, according to the latest traffic data released by the Indian Ports Association. Cumulative traffic for the two-month period was estimated at 1.28...
LA City Council confirms Seroka as port executive director The Los Angeles City Council today unanimously confirmed Gene Seroka as the new executive director of the Port of Los Angeles. Seroka was nominated to the position by Los Angeles Mayor Eric Garcetti on May 27 and approved by the Harbor Board of Commissioners on June 5. In his new role,...
New MASkargo CEO faces difficult task The cargo division of Malaysia Airlines has appointed an acting chief executive to replace Mohd Yunus Idris, who left the company this week, handing the new CEO a daunting task of improving profitability at the troubled carrier. Ahmad Luqman Mohd Azmi will shoulder that responsibility, taking over as acting CEO of...
Finneagle freed Authorities in Sweden have conducted an inspection of a Finnlines ferry that grounded in the port of Kapellskar Thursday morning.
Boxship purchases jump Second-hand containership purchases surged in May as overall sale-and-purchase (S&P) activity increased, according to a report from Golden Destiny.
Freight rates retreat Freight rates in the capesize segment continued to slide Thursday but, unlike other sub-sectors of the drybulk market, are still higher than levels seen a year ago.
LA confirms APL man The Los Angeles City Council has approved the appointment of an APL executive to serve as head of the city's port.
Top banks $20m Evangelos Pistiolis-led Top Ships has brought in a fraction over $20m from an equity issue.
Pirates raid tanker Asian pirates have boarded a Malaysian tanker and stolen its fuel cargo after tying up the crew.
NewLead fights on Greek bulker owner NewLead Holdings is to sue a US fund for damages in a row over its shares after losing a court battle.
Exam failed A German tanker was damaged in a collision in the River Thames during a pilot's examination, a UK accident report has revealed.
Second quarter spur Western Bulk has delivered a double helping of positive news that bodes well for its second quarter performance.
Jewell heads home ACM Shipping's joint Dubai chief Mark Jewell has quit his role and is returning to London.
Navig8 lands LR2 loan Navig8 Product Tankers has secured funding for a series of eight newbuildings.
OOCL delays again Delivery of OOCL's first two Chinese newbuildings has been pushed back again, meaning they will be handed over nearly five years after their original due date.
Wan Hai wants $167m Taiwan's Wan Hai Lines is aiming to raise TWD 5bn ($167m) in a new bond sale.
Double joy for Lauritzen J Lauritzen has firmed up two handysize newbuidings in Japan at prices below today's level, a top executive says.
Ironbridge triumphant US fund Ironridge Global said a judge has kicked out an injunction barring it from acquiring more convertible stock in Greek bulker owner NewLead Holdings.
New builds VLCC fleet Adam Polemis's New Shipping is tipped as the buyer of the 299,000-dwt tanker Neptune Glory (built 1998).
Havyard redraws IPO goal Havyard Group is looking to complete an initial public offering in Oslo by the end of June after returning with revised terms.
Hanjin confirms delay South Korean owner Hanjin Shipping has pushed back a convertible bond issue to the second half of 2014.
Finnlines ferry aground A ferry operated by Finnish ro-ro operator Finnlines has gone aground in the Swedish port of Kapellskar.
Dalian Ocean opts for MRs Cosco Dalian Ocean is moving into the MR sector with a new order in China.
Fair Artemis freed A Greek tanker that lost contact with its owner last week has been released from pirate control off West Africa.
Nordic prices IPO Nordic American Offshore (NAO) looks set to raise gross proceeds of around $108m after pricing its initial public offering (IPO).
Indo eyes coal curbs Indonesia is reported to be considering restricting exports of another major commodity - this time its coal.
Ag Exporters tell ILWU, employers they are 'in the same boat' The Agriculture Transportation Coalition has urged the ILWU and employers to "take action to keep U.S. West Coast ports (and the cargo that is dependent upon them) viable."
5 NY/NJ airports gain new leaders
Freight shipments inch up in April
Truck spot rates rise in June
L.A. City Council confirms Seroka as new port director The Los Angeles City Council on Wednesday unanimously confirmed Gene Seroka, head of commercial in the Americas region for American President Lines, as the new executive director of the Port of Los Angeles.
Rahall opposes surface funding status quo "We need to be investing well above the current insufficient investment levels, or our nation is going to be stuck treading water," Nick Rahall, D-W. Va., said at the Rally for Roads event in Washington, D.C.
China plans development along Yangtze There are plans to dredge the Yangtze and increase the navigation capacity of the Three Gorges Dam. People's Daily reported China is also working on standardized ships for the Yangtze and developing energy-saving vessels.
Analyst: LTL industry could be heating up
C.R. England opens Calif. terminal
Shipco adds direct services from U.S. The services are New York direct to Tunis, Tunisia, and Atlanta direct to Karachi, Pakistan. The biweekly New York-Tunis service will have a transit time of 17 days. The weekly Atlanta-Karachi service will have a a 26-day transit time.
Long road ahead to make glycerine viable marine fuel Ticks all the boxes for environmental performance, safety and technical feasibility, but commercial elements are lacking.
Iraq crisis casts shadow over crude oil markets NYMEX oil futures hit nine-month high.
Prices firm across Europe Potential market impact of Iraq driving up prices.
Prices firm in Fujairah Little movement in Suez market.
Pirates strike off Malaysia Cargo of diesel fuel stolen in sea hijack.
IBIA chairman calls for more info on LS bunker avails Informing the market would keep a lid on prices, says IBIA chairman.
'Weak bunker demand' sees fuel oil stocks climb Players say Singapore bunker market has been 'quiet'.
US port to waive docking fees for ships using shoreside power 'This is designed to retain business and attract business,' says Long Beach official.
Fewer sulphur complaints against Dutch suppliers Inspectorate only considers fuel above 1.08% sulphur to breach current ECA limit.
Asian bunker market firming Prices across all bunker grades have ended the day higher.
Offshore company to float in US Funds to go to fleet renewal, company says.
Energy efficiency to lift shipowner's results Fleet renewal rate of U-Ming is already ahead of competition, says President.
Losses widen for Great Lakes shipping firm Lower fuel surcharges a factor.
UK MPs voice concerns over stricter ECA rules MP 'deeply worried' that legislation could decrease shipping traffic to Hull.
'Real issue' of ECA is enforcement, says WWL Ship operator adds voice to ECA compliance debate.
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