Tanker cargoes disrupted as Yemeni pipeline is blown up Further woes hit Middle Eastern crude supply
Ukraine's Crimea shipping ban now in force Prohibition is legally valid, legal sources confirm
New UK transport minister named Devizes MP Claire Perry likely to inherit shipping brief from Stephen Hammond
Antwerp maintains steady growth First of Europe's top three box ports publishes second-quarter figures
Libya aframax fixture points to tanker opportunities Average earnings rise steadily
Cosco Pacific posts strong volumes in June Throughput in Bohai Rim is flat but Pearl River Delta terminals show robust growth
ClassNK acquires another software company Japanese class society buys Canada-based Helm Operations to tap into workboat and offshore industries further
CIMC expects first-half profits up at least 50% World's largest box manufacturer benefits from offshore shipbuilding business
Zim and government come to golden share agreement Deal sees state get extra time to examine implications of future changes in shareholding
Suezmax daily earnings soar Earnings close in on $50,000 per day
Transatlantic box volumes on the rise Latest CTS figures point to improving performance in the headhaul direction
Stephen Hammond dropped as UK shipping minister One of most proactive ministers for some time, says UK Chamber of Shipping
Korea Line wins $302m nickel shipping contract Seoul-listed carrier to carry 1.1m tonnes from New Caledonia to South Korea for 20 years
Seatrade launches newbuilds drive with two high reefer capacity vessels Specially-designed ships to be capable of carrying some 12,000 pallets
China Cosco sends eight ships for scrapping Move follows announcement last week of the purchase of 10 ships as part of fleet renewal
A Nippon Steel deal with Vale could shake up the capesize sector Japanese giant mulls using valemaxes for shipments from Brazil
In a sluggish handy and supra market, some still find reasons to believe Low rates spark an uptick in forward activity, while eyes are on India's potential
A US crude oil surplus with nowhere to go Production will exceed refinery capacity by 2018, but prospects for shipping remain uncertain in absence of sweeping export regulation
Industry viewpoint: Supply chain increasingly vulnerable to cyber attack Criminals are able to take control of operators' IT systems and use data to gain custody of containers
GSI wins heavy-lift vessel order China's Guangzhou Shipyard International (GSI) has secured an order from compatriot shipowner COSCO Shipping Co Ltd (COSCOL). The order is for a 90,000dwt semi-submersible heavy-lift vessel due for completion in the fourth quarter of 2016. Main particulars of the ship are length overall 255m, a deck
Vard secures PSV contract Singapore-listed offshore shipbuilder Vard Holding Limited has secured a contract for the design and construction of one platform supply vessel (PSV) for ER Offshore. The vessel will be of the VARD 1 08 design with a total length of 81m, beam of 18m, and a cargo deck area of 830m². Once completed,
Costa Concordia salvors prepare for final refloating Salvage workers were today working their way toward the main part of the refloating operation at the Costa Concordia wreck site off the Italian island of Giglio. Following yesterday's initial, partial refloating of the wreck, cables and chains were being attached to the sponsons lining the starboard
Indian Coast Guard rescues 11 crew from sinking ship The Indian Coast Guard on Monday rescued 11 crew members of an Indian cargo vessel that started tilting precariously near Mumbai coast after the Maritime Rescue Coordination Centre received a call that the ship was listing dangerously around 3km off Revdanda Port in Raigad. There were a total of 16
Marine terminal planned for Delaware River Holt Logistics is partnering with breakbulk specialist South Jersey Port Corporation (SJPC) to build the first new marine terminal on the Delaware River in over 30 years. Plans for the 77ha multi-use Paulsboro Marine Terminal, to be located along 790m of waterfront in Paulsboro, New Jersey, were
Windsor files for Chapter 11 Frontline-linked Windsor Petroleum Transport has filed for voluntary Chapter 11 bankruptcy protection in Delaware to facilitate a pre-packaged restructuring plan. Windsor owns four VLCCs: the Pioneer, Progress, British Pride, and British Purpose. Long-term bareboat charters (averaging 10 years) to
Meyer Werft bags cruise ship pair Papenburg-based Meyer Werft shipyard has secured two new cruise ship orders as Norwegian Cruise Line today announced an order for a pair of Breakaway Plus-class cruise vessels. The contract for both vessels is worth approximately €1.6Bn ($2.18Bn) with export credit financing in place for both
AVIC Leasing inks deal with Sainty Marine China's AVIC Leasing struck a deal in late June with compatriot shipbuilder Sainty Marine to buy and lease two 1,100teu containerships, the company said today. The deal involves the 2014-built 1,100teu Sainty Vigour and same class 2013-built Sainty Vogue, according to Sea-web.com. Sainty Marine held
KR opens green-ship certification centre The Korean Register has opened the world's first green-ship equipment certification centre in Gunsan, North Jeolla Province, South Korea. The total KRW30Bn ($29.4M) cost to build the centre was borne by the Ministry of Oceans and Fisheries. The centre was created in response to the International
Ezion wins $268.6M service-rig contracts Singapore-listed offshore service provider, Ezion Holdings, has secured two contracts worth an approximate value of $268.6M for its service rigs. The first contract was signed with an East European-based national oil major, worth around $122.6M, and required Ezion to provide a service rig over a
China COSCO suffers losses due to vessels scrapping Shanghai-listed China COSCO is looking at a CNY35.33M ($5.66M) loss due to the disposal of eight vessels from May 1 to June 30. Four bulk carriers, Min He, Zhu Zi, Song Zi and Mei Zi, owned by its fully-owned subsidiary COSCO Container Lines (COSCON) and four container ships, Fu An, Fu Rao, Jia Li
Seaman Guard Ohio charges reportedly dropped Ken Peters, public affairs chief of the Mission to Seafarers in the UK, said arms charges in India have been dropped against six British former servicemen. The six were among a 35-member crew of the anti-piracy supply vessel MV Seaman Guard Ohio. The crewmen were accused of illegally possessing
Ship recycling sees rejuvenation Following a lull brought about by the South Asian monsoon season, the ship recycling market finally saw an uptick in prices last week. Prices rose by as much as $10-$15/lt ldt, hitting an average of $460/lt ldt for bulkers and $490/lt ldt for tankers in India. In Pakistan, the situation was similar
Upward pressure seen on VLGC rates Despite a quiet period for chartering, rates to ship LPG on very large gas carriers are expected to stay firm as tonnage supply remains tight in the Middle East. The Baltic Exchange yesterday assessed the benchmark Ras Tanura-Chiba route at $130.31/tonne, translating into daily earnings of over
CIMC profits could double in 1H14 Hong Kong and Shenzhen-listed China International Marine Containers (CIMC) today predicted its first-half profits could be up to double from a year ago on the avoidance of losses of its offshore sector and reversal of withholding tax. CIMC's profits would total from CNY828.0M ($134.6M) to CNY1.1Bn
Australian coal exports near record in June Australian coal shipments approached near record levels in June, helping year-to-date (TYD) hroughput to a substantial boost over 2013. According to terminal figures, Australian shipments reached 32.45M tonnes in the latest month, down slightly year-on-year (y/y) against 32.53M tonnes previously,
Otto Marine wins $404M in charter contracts Singapore-listed offshore marine company, Otto Marine, has clinched charter contracts worth approximately $404M in 1H14. Otto Marine edged out in the market by its strong shipyard to achieve economies of scale, supporting its very own fleet renewal, expansion and upgrading programme to ride on the
Shanghai and Los Angeles partner for eco ports Shanghai and Los Angeles, two of the world busiest ports, inked an agreement on eco-partnerships in Beijing last week. The two ports will work together on shore power in Phase II of Waigaoqiao Terminal, Phase III of Yangshan Deepwater Port, as well as Wusong cruise terminal in Shanghai, according to
NYSA: 300 new hires, more on way The New York Shipping Association has hired approximately 300 dockworkers this year and will keep adding to its longshore workforce to meet cargo demand and avoid a repeat of last summer's labor shortages, NYSA President John Nardi said. Shortages of International Longshormen's Association labor during the 2013 summer vacation season contributed...
NY-NJ port reform effort moves to second phase Leaders of an industry group that proposed far-reaching changes to operations of the Port of New York and New Jersey are starting the more difficult task of deciding how to turn those recommendations into reality. Truckers and others at a public forum today said quick action is needed to eliminate inefficiencies...
Refining allocation strategies key for trucking, expert says Logistical changes that focus on making high-density lanes for core trucking customers could be at the center of the trucking industry's attempts to quell imbalance and driver shortages. In a Stifel conference call with Joel Clum, co-founder and president of the transportation and logistics consultancy Carrier Direct, he noted that refining...
Correction: 2013 Port Productivity rankings Due to an error in assigning one carrier's port calls at Tianjin, China, to the correct terminal, JOC is issuing a revised 2013 Port Productivity rankings to reflect the correct terminal where the ship calls occurred. The original rankings reflected ship calls at Tianjin Xingang Sinor Terminal when they should have...
New Delaware River marine terminal slated for South Jersey South Jersey will get its first new marine terminal on the Delaware River in more than 30 years as a result of a partnership between Holt Logistics and the South Jersey Port Corp. The two parties plan to build a multi-purpose facility on two brownfield sites totaling 190 acres where a...
Chiquita, Port of Wilmington ink five-year extension A new five-year deal will keep Chiquita in Delaware until 2019. The Diamond State Port Corp. announced the agreement this week that keeps Chiquita's mid-Atlantic distribution hub at the Port of Wilmington. The contract includes two five-year lease renewal options that could keep Chiquita in Wilmington until 2029. "We are extremely pleased...
J.B. Hunt more cautious on intermodal growth amid service delays Following slower intermodal train speeds and rail service disruptions that hampered volume growth in the second quarter, the largest U.S. provider of intermodal services has lowered its expectations for intermodal traffic gains this year. J.B. Hunt Transport Services, based in Lowell, Arkansas, saw intermodal loads grow 8 percent year-over-year in the...
Port of Antwerp's container traffic growth accelerates The port of Antwerp's container throughput increased for the third quarter in a row in the second quarter of 2014. Full-size chart The port of Antwerp's container traffic rose around 5 percent in the second quarter of the year, more than five times the increase in the first three months, affirming its...
Final obstacle to Zim's debt deal removed Zim Integrated Shipping Services today said it has reached agreement with the Israeli government over the state's "golden share," paving the way for a $3.4 billion debt restructuring and the implementation of a new business plan. The Israeli government had filed an appeal against a recent court district ruling that Zim...
Cosco scraps two dozen ships in first half China Cosco Holdings scrapped another eight vessels in the second quarter, bringing its ship disposal total to 24 under its fleet renewal program, which aims to improve operational efficiency as the carrier struggles for profitability. Four of the eight recently scrapped ships were container vessels operated by Cosco Container Lines. The...
Port of Singapore records container volume growth Port of Singapore's container traffic rose 4.4 percent in the first half of 2014. Full-size chart The port of Singapore grew its container throughput 4.1 percent in June, compared to the same month last year, handling 2.84 million 20-foot containers, according to preliminary figures from the city-state port authority. The Maritime and Port...
Yusen Logistics launches Indochina LTL service Yusen Logistics' new temperature- and humidity-controlled system at its warehouse in China's Suzhou Industrial Park.Yusen Logistics has expanded its cross-border trucking services for Indochina with the launch of a temperature-controlled less-than-truckload service for food products moving between Vietnam and Cambodia. The new weekly service from Ho Chi Minh, Vietnam, to Phnom...
Bahri in the black Bahri turned in a second-quarter profit Tuesday but the gain was nearly 21% lower than the one reported 12 months prior.
Signature sets sights A lender that recently launched a campaign to line up more shipping clients does not plan to target deals with foreign owners, TradeWinds has learned.
Vinalines sued State-owned Vietnamese shipower Vinalines is facing a claim of VND 65bn ($3.1m) over a scrapped port contract.
Nakilat net rises 24% Fleet growth and a red-hot LPG market have helped Qatar Gas Transport Company Limited (Nakilat) jack up its first half profit by a quarter.
Idan Ofer in fleet deal Idan Ofer's Eastern Pacific Shipping is close to securing a fleet of aframax tankers from Anglo-Italian owner Blenheim Shipping, brokers say.
Deiulemar seven jailed Seven members of the three founding families of Italian shipowner Deiulemar Compagnia di Navigazione (DCN) have been jailed for up to 17 years for illegal financial transactions as the company collapsed.
Haisheng warns of loss China Shipping Haisheng expects to post a lower loss of CNY 90.6m ($14.6m) for the first half of 2014.
Crewman poisoned? Carbon monoxide gas has been blamed for the death of a Russian crewman on a general cargoship in Fredericia, Denmark.
Antwerp up again Belgium's key port of Antwerp has pushed volumes higher again in the first half, as oil products and box cargoes increased.
Yangzijiang swells cash pile Yangzijiang Shipbuilding has collected over $30m from the sale of non-core assets as it looks to tighten its focus on shipbuilding.
ER adds double Germany's ER Offshore is expanding its fleet with two PSV newbuildings at Vard.
Crew abandon ship Indian authorities have rescued 20 crew from a cargoship that grounded in a storm off Mumbai.
Strike hits Argentinian ports Tug services at Argentinian ports are set to come to a standstill this week amid planned strike action.
Wartsila signs up Greeks Finnish vessel propulsion group Wartsila has clinched more service agreements with Greek owners.
Kayne ups DLNG stake US hedge fund Kayne Anderson has boosted its holding in Dynagas LNG Partners.
Seconds for Top Evangelos Pistiolis-led owner seeking $50m from second shares sale in two months.
Streamline stronger Scotland's Streamline Shipping has seen profit rise thanks to increased oil and gas activity off Shetland.
Ferry wanted Greece's shipping ministry is tendering for a passenger service from Samos to Kos.
Clipper clipped UK ferry company Condor has suspended one of its ferry services after a vessel touched the seabed.
Ezion in double deal Ezion Holdings has secured two separate contracts to supply service rigs in deals worth $270m, it disclosed Tuesday.
Windsor files Chapter 11 Windsor Petroleum Transport Corp has filed for Chapter 11 bankruptcy protection in Delaware after reaching a deal with bondholders that will see its four VLCCs placed under the management of Frontline.
NCL back at Meyer Werft Norwegian Cruise Lines (NCL) has returned to Meyer Werft for two more newbuildings in a deal worth EUR 1.6bn ($2.2bn).
FEC begins direct box moves at Port Everglades The 43-acre rail transfer center increases the railroad's intermodal capacity at the Fort Lauderdale port from 100,000 to 450,000 lifts per year and reduces local traffic congestion and dray costs.
Holt Logistics to operate new Paulsboro terminal Kevin Castagnola, executive director and chief executive officer of the South Jersey Port Corporation, has signed a term sheet with Holt and is now negotiating a lease.
DOT reviewing freight committee recommendations "Our nation's economic competitiveness depends on a transportation network that can move freight safely and efficiently, especially as we are expected to move double the current amount by 2050," DOT Secretary Foxx said.
UPS targets Brazilian expansion
IAG upgrades capacity on Philly, Calgary routes
Settlement with government reached, Zim focuses on 'path ahead'
Washington Notebook: House passes appropriations bill for Army Corps
U.S. sugar users oppose 'managed trade' with Mexico
ITC continues steel nail import investigation Missouri's Mid Continent Nail petitioned the investigation. The nine U.S. steel nail producers are in California, Colorado, Connecticut, Illinois, Indiana, Massachusetts, Missouri, Ohio, Rhode Island, and Texas.
Commerce to hire first chief data officer
WTO issues 'mixed results' to China's countervailing duty challenges
WTO rejects most Indian claims against U.S. steel trade laws
Ex-Im Bank's $64.5M loan supports wind turbines to Uruguay
TOTE's dual-fuel 'eco' boxship 'more than 40% complete' Construction of second vessel has already begun.
VPS plans to grow Fuel testing and surveyor company to focus on growth after completing separation from DNV GL.
Analysts see sense in Antwerp refinery upgrade Predicts ability to convert HFO into distillates will improve refinery profitability, especially in Europe.
Prices soft in Fujairah No MGO at Cape Town, sources report.
Prices stay mostly soft across Europe Busy market in Hamburg but market reported quiet in Rotterdam.
Fuel testing agency rebrands Name change follows split from DNV GL.
Another operator gets EU cash for emission reduction initiatives Funding granted for ferry operator's hybrid propulsion system and scrubbers, and for port to treat waste from scrubbers.
Greek owners select Wartsila for technical management Agreement covers 80, dual-fuel units and runs for five years.
ECA operator to charge new BAF and basic rates Designed to 'provide reasonable compensation' for increased fuel costs in 2015.
Singapore: Expanded additives plant ready Jurong Island site ups production capacity.
Asian bunker market softens further Mixed demand seen in Singapore.
Strike threat to Argentine ports 48-hour walkout in the offing.
Singapore monthly bunker sales dip for third month Fewer vessels seen calling at port for bunkers.
Company opts for hybrid-electric newbuild Spends $12 million on vessel design and equipments.
Japan: Bonded bunker sales weaken in May Sales volumes fell 12% over the year.
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