Recycling a problem An internationally recognised mechanism for scrapping ships is needed now
VLGCs: 'The most exciting sector in shipping right now' Hostile takeover attempts, soaring freight rates - LPG shipping has it all
Djibouti attempts to withdraw DP World Doraleh terminal concession Government alleges bribes were made to former chairman of Djibouti Ports and Free Zones Authority
I order, therefore I am The allure of signing newbuilding orders can prove too much
New Indian government proposes 16 port projects in first budget Development of port infrastructure critical for boosting trade, says finance minister
Shippers in Asia urge regulators to put 2M under heavy scrutiny Industry groups in Singapore, China and Hong Kong worried about size of new alliance
Asia-Europe rates return to normal Latest SCFI shows rates just 1% higher year on year
Will regulators allow the 2M Alliance? Lloyd's List looks at what the implications of recent rulings on the P3 Network may mean for 2M
Taiwan tanker venture raises funds for newbuilding project Global Energy Maritime issue $37m in new shares as U-Ming raises stake
2M will not seek regulatory clearance from China's Ministry of Commerce New alliance formed by world's two largest carriers will look for approval from Chinese transport ministry
Aurora LPG reveals it was target of hostile takeover attempt Approach to key shareholders unsuccessful, says Aurora
Angelicoussis poised to order VLCC pair at Daewoo Agreement envisages two options and is understood to price tankers at about $98m each
Southeast Asian piracy threat is rising, warns Dryad Hijack of still-missing Moresby 9 brings attacks on small product tankers to six since April
Asia to Europe volumes jump in May Latest CTS figures show a double-digit percentage volume increase compared with a year earlier
Waiting for Brazil With a tepid market in two basins all eyes are toward a pick-up in cargoes
Week on Wall Street | July 11 Dry bulk stocks go for a dip generally, while a change to a warrant agreement at Eagle Bulk adds to investor flight
Maersk and MSC give notice to other vessel-sharing partners, including CMA CGM, as they prepare for 2M Diego Aponte says top two carriers compatible in terms of ships and volumes
Wilson, Sons orders two Damen PSVs Brazilian company Wilson, Sons has signed a contract with Netherlands-based builder Damen Shipyards for the provision of two PSV 5000 platform supply vessels (PSVs). Measuring 85m in length and 19m in width, the PSV 5000s will feature travelling gantry cranes for offshore operations and
DSME poised for Maran Tankers VLCC order Daewoo Shipbuilding and Marine Engineering (DSME) is poised to win an order for up to six VLCCs from Greek shipowner Maran Tankers Management. The exact details as to dimensions and tonnage have not been revealed but the order is expected to be four firm and two options with delivery in 2016. Costs
ODIN-WIND taps into $81Bn market Initiated by the multidisciplinary consultancy NIRAS in an alliance with Vattenfall, Maersk Broker, DTU Wind and the UK's Welding Institute, the ODIN-WIND project aims to develop a process tool to ensure control of offshore wind farm decomissioning. The project targets the first generation of
Sungdong wins order for possible Teh-Hu Capesize duo South Korean shipyard Sungdong Shipbuilding & Marine Engineering has won an order which could potentially involve the provision of two Capesize bulkers from Hong Kong based shipowner Teh-Hu Cargocean. The one firm order, for a 180,000dwt vessel, is scheduled for delivery in 2H16 with an option for a
Zhejiang Ouhua secures order for Arkas option pair Zhejiang Ouhua Shipbuilding has secured an order for two containership options from Turkish shipowner Arkas Shipping and Transport. The two 2,500teu vessels, scheduled for delivery in 2017, are options linked to an original order placed in early April 2014 by the Istanbul -based owner. Delivery of
European shippers call for conditions for 2M acceptance The European Shippers' Council (ESC) has said it wants competition authorities to set conditions for the acceptance of the new 2M vessel sharing agreement concluded between Maersk Line and MSC. Although it has not openly criticised the agreement, the ESC said that the 35% market share it would give
Costa signs cruise deal with Trieste Costa Cruises has signed a Memorandum of Understanding (MoU) with the autonomous regional government of the north Adriatic to increase its calls at the Italian port of Trieste. The deal comes amid continuing uncertainty about the future of cruise traffic at Venice, the region's premier tourist
Bohai wins Berge Bulk quintet China's Bohai Shipbuilding Heavy Industry has won an order for five Newcastlemax bulkers from returning Singapore owner Berge Bulk. The five 210,000dwt vessels will have an overall length of 300m, a beam of 49m, a depth of 25.3m and are scheduled for delivery in October and November 2015, May, June
CSCL and CSNT partner with Alibaba Shanghai-listed China Shipping Container Lines (CSCL) and China Shipping Network Technology (CSNT) announced today (11 July) that they have signed a co-operation agreement with NYSE listed e-commerce company Alibaba to build a global e-logistics platform. The three companies will build an
Maersk owns up to Euronav VLCC sales Maersk Tankers has admitted to being the seller of four VLCCs in the process of being sold to Euronav for $342M. The company, which sold its own 15-vessel VLCC fleet to Euronav at the start of this year for $980M, said in a statement on Thursday (10 July) that it had acquired the four vessels as a
CMA CGM Danube suffers engine failure The first containership delivered by China International Marine Containers (CMIC) to CMA CGM reported engine failure about two weeks after delivery. Delivered on 25 June, the 9,200teu CMA CGM Danube was constructed at the Dalian Shipbuilding Industry Company's (DSIC's) shipyard. It suffered engine
Costa Concordia refloating to start Monday The refloating of the wreck of the Costa Concordia is due to get under way on Monday (14 July) subject to weather conditions and the final go-ahead from the Italian authorities. Costa Crocieri and its salvage partners, Titan Salvage and Micoperi, said that final confirmation would only be given the
India budget boosts shipbreaking, ports India has reduced basic customs duty on ships imported for breaking from 5% to 2.5% in its Union Budget unveiled yesterday by Finance Minister Arun Jaitley. Nitin Kanakia, joint secretary of Ship Recycling Industries Association (SRIA), told IHS Maritime that the move would increase the number of
STX O&S carries on with 16,000teu ship delivery STX Offshore & Shipbuilding is continuing with its remaining orders as it works through voluntary debt restructuring. STX O&S held a naming ceremony of a 16,000teu vessel yesterday at its Goseong yard in South Korea's South Gyeongsang province. The vessel, MSC London, is the first among the six
China exports down 3.1% in June China's exports recorded a 3.1% year-on-year (y/y) drop in June, which was less than expected, according to data released by the General Administration of Customs (GAC) on 9 July. Exports stood at a level of $174.32Bn, while imports were down 0.7% y/y to $147.19Bn, with the same month showing a
Triyards bags contracts worth $112M Offshore vessel builder Triyards has secured new liftboat contracts worth $112M. The first order, a BH 300-L4T series liftboat, represents another Triyards milestone, being its very first four-legged liftboat. Equipped with leg lengths that exceed 90m, it can perform in water depths of more than
UMWOD wins $51.3M Myanmar drilling contract Malaysia-listed offshore service provider, UMW Offshore Drilling (UMWOD), has been awarded a contract by PTTEP International (PTTIEPI) for the provision of drilling rig services in Myanmar. UMWOD is a wholly owned subsidiary of UMW Malaysian Ventures, which in turn is a wholly owned subsidiary of
Ezra retains high earnings Singapore-listed offshore service provider, Ezra Holdings' earnings increased to $1Bn for 9M14 ending 31 May 2014, as compared to $842.9M in 9M13. Moreover, the adjusted EBITDA for the Ezra grew 144% to $125.4M, while adjusted profit after tax turned from a loss of $43.5M in 9M13 to a profit of $25M
HHI clinches Nasr offshore plant contract Hyundai HI (HHI) confirmed today that it has been awarded a contract to build an offshore plant in the Nasr field in the United Arab Emirates. The world's biggest shipbuilder said in a Korea Exchange filing that it has received a letter of award from Abu Dhabi Marine Operating Company (ADMA-OPCO)
More East-West LPG flows this year There will be more LPG exports from the US Gulf, West Africa and Algeria into Asia this year due to growing arbitrage opportunities, a consultancy has predicted. FACTS Global Energy projected that the West-East arbitrage trade will hit 3.7M tonnes this year or around 10% of Asia's total LPG imports,
Changhang Phoenix returns to profit Changhang Phoenix, a listed bulk carrier operating unit of Sinotrans & CSC, forecast that it would return to the black in the first half this year. Profits are estimated to total between CNY20M ($3.2M) and CNY35M for the period, a stock filing of the company said. Its losses amounted to CNY343.6M
Lack of cargoes affects Capesize rates The Capesize freight rates declined further this week due to a lack of Brazilian iron ore shipments. As of yesterday, the Baltic Exchange assessed the Brazil-China rate at $20.605/tonne, down from $22.38/tonne a week ago. The Western Australia-China rate was assessed at $7.54/tonne, down from
Slideshow: The top 10 US exporters of 2013 Translucent varieties of DuPont's Corian® solid surface material.The top 10 companies among JOC's Top 100 exporters were responsible for exporting 1,454,700 TEUs in 2013. From large conglomerates to family-owned businesses, the companies span many different markets and represent mostly scrap paper and metal businesses, agricultural companies, chemical companies and natural...
NMFTA Announces Trademark of "National Motor Freight Classification" Alexandria, VA- July 9, 2014 - The National Motor Freight Traffic Association, Inc. (NMFTA announced that the United States Patent & Trademark Office (USPTO) has issued Trademark protection for its "National Motor Freight Classification". Trademark Reg. No. 4,554,220 covers printed publications, CDs containing raw data and other information relating to individual...
Hayward announces up to 200 manufacturing jobs at Port of Pensacola Pensacola Mayor Ashton Hayward today announced that a major manufacturing facility will be built at the City-owned Port of Pensacola, creating up to 200 new jobs. A lease agreement approved by the City Council in March and executed in May between the City and Port customer Offshore Inland Marine &...
Cushman & Wakefield Completes Sale of 149,654-Square-Foot California Warehouse Buyer will Utilize the Site for Southern California Distribution COMPTON, Cal., June 30, 2014 - Cushman & Wakefield has orchestrated the sale of 250 Apra Street, a 149,654-square-foot distribution center in Compton. The commercial real estate services firm's Los Angeles South-based team of Rooney Daschbach, Steve Bohannon and Rusty Smith represented the seller Prudential Real Estate Investors in the transaction....
FEC's New Rail Facility at Port Everglades Opens July 14 Media Invited to Tour FEC Train, space limited
Ryder Recognized as an Inbound Logistics Green Supply Chain Partner MIAMI, July 10, 2014 - Ryder System, Inc. (NYSE: R), a leader in commercial transportation and supply chain management solutions, today announced that for the sixth consecutive year, it has been named an Inbound Logistics Green Supply Chain Partner. Inbound Logistics editors have selected 75 companies that demonstrate a deep commitment to green initiatives...
Striking LA-Long Beach port truckers return to work LONG BEACH, Calif. - The ports of Los Angeles and Long Beach should be free of trucker picketing this week thanks to a deal brokered Saturday by Los Angeles Mayor Eric Garcetti. Garcetti convinced three harbor trucking companies and striking drivers at those companies to agree to a cooling-off period while...
Shipper groups greet 2M announcement with caution Shipper groups began to react cautiously to the planned 10-year vessel-sharing agreement proposed by Maersk Line and Mediterranean Shipping Co. on east-west trades, dubbed "2M." The European Shippers' Council said, "this type of vessel sharing agreement is less worrying for shippers than the planned P3," but noted that with what it...
Shareholders see the light Star Bulk Carriers appears to be on the fringe of firming up its merger with Greek compatriot Oceanbulk.
The departed A leading Greek tanker operator appears to have offloaded its oldest VLCC in a demolition deal worth more than $20m.
ALG loss widens UK cruiseship operator All Leisure Group (ALG) has posted a bigger first half loss as revenue fell.
Ocean Yield sells bonds Ocean Yield of Norway has sold NOK 400m ($65m) of bonds as it continues to raise cash.
Cosco swoops for 10 bulkers China Cosco Holdings Co has revealed deals for 10 new bulkers at two domestic shipyards.
Bjerke's shipping hope DNB is expecting its shipping loans to add to future profit, according to chief executive Rune Bjerke.
Solbakken hunts more Norway's Ocean Yield is planning to spend more money on fleet expansion, adding to the $333m it has already splashed out in 2014.
Ocean Yield banks $250m Norway's Ocean Yield (OY) has clinched a new cheaper loan worth $250m.
KKR buys into OEG US private equity fund KKR has taken over UK offshore equipment company OEG Offshore Group.
SCF behind ice trio Russia's SCF Group has been unmasked as the buyer behind three high-priced tanker newbuildings announced Thursday by South Korean shipbuilder Samsung Heavy Industries.
Angelicoussis books four Vs John Angelicoussis is being linked to an order for four VLCCs at DSME at prices well below the $100m mark.
Gun case dropped An Indian judge has thrown out an arms case involving 35 crew and guards from a US vessel after nine months.
Two die as ferry sinks Two people have died and two more were missing on Friday after a ferry sank off Vanuatu.
Two more for Wilson Brazil's Wilson Sons has returned to Dutch yard Damen for two platform supply ships (PSVs).
Dryad in SEA warning Shipowners face an increasing threat of piracy in Southeast Asian waters, leading UK-based security analysts have warned.
Ezra profit inches up Ezra Holdings has reported a modest year-on-year increase of just 6% in its third quarter profit released Friday.
Seadrill refinances trio Seadrill has secured a new $1.35bn credit facility just a day after it was forced to pull a $1bn bond issue.
All systems go A fledgling Jones Act operator has firmed up a $250m contract to construct a pair of product tankers at Aker Philadelphia Shipyard.
Questions about new Maersk-MSC Alliance China Shippers' Association Vice President Cai Jia-Xiang said Chinese regulators need better statistics on the Chinese market share of the carriers, but believes they are above the 30-percent limit in the China-Europe trade.
Spike in U.S.-bound cargo results in CN rationing "During this short-term bump in volumes, CN and its terminal partners will be striving to ensure that our base-level business, in particular Canadian cargo, will continue to be supported appropriately," a spokesman said.
Westwood Shipping to leave Seattle for Tacoma According to a service updated posted on the carrier's website, the change in ports is being made to accommodate a terminal renovation at the Port of Seattle.
Airports experienced increased May cargo activity
Analyst: Shippers see strong rail industry Strong traffic growth in the rail industry has only slightly been boosted by shippers sending goods early to avert a possible strike in the West Coast ports, according to a second-quarter shipper survey by Cowen and Company.
Boeing: Demand for new planes up 4.2%
All eyes West The attention of carriers and shippers is focused Friday morning on events in Los Angeles and Long Beach, where a potentially volatile labor situation is unfolding.
'Zombie' malware targets shipping and logistics companies The cyber security firm TrapX on Thursday said it had discovered a form of malware implanted by an unidentified Chinese manufacturers in terminal scanners designed to track inventory levels.
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