Throughput at Shanghai port up to 3.11 m TEUs in Aug.
Coffee exports surpass production
General Motors might make India export hub for Oz, South America
Govt to import 3 lakh t of onion to control prices
Kamarajar Port to spend INR 400 cr. to deepen draught
Inputs provided by Pankaj Mehta, Country Head & Director, Carrier Transicold Division, on Driver's Day, a social initiative by Siddhi Vinayak Logistic Ltd (SVLL)
14 SEZ developers seek extensions to implement projects
Torm and Maersk end LR2 Pool partnership Danish tanker giants go their separate ways
Rickmers in talks with banks over debt restructuring Feedership and heavylift specialist making payments but wants deadlines extended
MSC warns of bunker surcharge New fee from January responds to tougher sulphur regulations
Philippines lifts seven-month truck ban Manila mayor agrees to lift a ban blamed for major port disruption
ESC renews call for alliance monitoring programme Shippers request that US and Europe monitor line service levels and impact of capacity changes
Mexico stops watering down the figures Energy reforms cut aqua content from the country's oil-production figures
More Greek owners tipped to consider LNG debut Brighter rates ahead and increased spot activity may lure new players, says Intermodal analyst
Vessel-sharing agreements offer more than unit-cost savings, say analysts Success of Ocean Three and other alliances stands or falls on whether carriers co-operate
Why it's high time LPG shipping had its own conference Record rates and new cargo prospects give the industry plenty to talk about
LNG shipping stuck in no man's land Informa conference to shed light on steps forward for industry
Korean Register to vote for new chairman Election of head of Asian classification society likely to be in October
View From The Bridge: Robert Yildirim President and chief executive of Yildirim Group discusses Yilport's ambitious target of becoming a top-10 port operator by 2025
SMM 2014: DNV GL launches an eco shortsea shipping prototype Autonomous vessel claims to be 'greener, smarter and safer' than conventional tonnage
Is Beijing about to create the world's largest VLCC operator? Joint venture between state carriers backs state strategy but its impact is not yet clear
HHIC deliver container ship Wide Delta Hanjin Heavy Industries & Construction (HHIC)-Philippines has delivered the 5,380teu baby post-Panamax boxship Wide Delta to her owners on the 11th September. The Wide Delta is the fourth of 10 sister vessels ordered by Oaktree subsidiary OCM Luxembourg Park, to be managed by Rickmers
First European Shipping Week to be held in March The European shipping industry is to make an attempt to raise its profile among European Union institutions next March through the launch of the first European Shipping Week. The Brussels-based event, which will run from 2 to 6 March, has been initiated by EU shipowners' body ECSA with the aim of
Call for MLC expert review submissions Only a fraction of the 64 states that have ratified the Maritime Labour Convention (MLC) have to date submitted their reports to the International Labor Organization (ILO) for expert review. Under Article 22 of the ILO Constitution (Annual reports on ratified Conventions), states are required to
Transnet spending soars Durban market demand sees Transnet set to spend ZAR2.7Bn ($245M) in 2015 to develop its port terminals infrastructure, an 80% increase on expenditure this year. Transnet Port Terminals (TPT), an operating division of the state owned logistics company is gearing up towards a planned 2018 spend of
Three confirmed dead as Philippine ferry search continues A rescue mission is underway after a ferry carrying 84 people sank in the Philippines. Twenty-nine people are currently missing from Archipelago Ferry Corp ro-ro Maharlika-2 went down 6 nautical miles northwest of Panaoan Island on Saturday evening (13 September), Philippine authorities announced.
Migrants feared drowned off Libya More than 200 people are feared to have drowned when a boat carrying migrants trying to reach Europe sank off the African coast, a spokesman for the Libyan navy said. The boat, which sank off the Libyan coast near Tajoura, was carrying up to 250 people, most of them Africans. The authorities said
Typhoon capsizes Philippines ferry A Philippines ferry has capsized in high winds and heavy rain from Typhoon Luis (Kalmaegi), the Philippines National Disaster Risk Reduction and Management Council has confirmed. Only the 15-person crew was onboard Supershutter 7 which capsized at 7.45pm on Sunday night (14 September) in Manila Bay.
Manila truck ban lifted Manila Mayor Joseph Ejercito Estrada has signed an Executive Order lifting the truck ban in the city of Manila, the Mayor's office has confirmed. The move could do much to ease congestion at Manila's ports although with some 5,000 containers awaiting clearance the impact will not be immediate. "The
ECJ confirms Brindisi port boss The European Court of Justice in The Hague has overturned a ruling by an Italian court barring Greek national Iraklis Haralambidis from being appointed president of the state-run port authority of Brindisi, in Italy's heel. Haralambidis was appointed port boss in 2011 but the appointment was
Kaohsiung port expanded for bigger ships Taiwan's Kaohsiung port is scheduled to complete the expansion of its Wharves 115-117 by this month, announced Taiwan International Ports Corporation (TIPC) last week. The project, beginning in July 2011, opens doors to bigger container ships and raises the port's handling capacity, said TIPC. Once
Miclyn Express Offshore wins AHTS contracts with Chevron Singapore-headquartered Miclyn Express Offshore (MEO) has won a contract to charter three anchor handling tug supply vessels to French oil major Chevron. The vessels are to be supplied through Uniwise Offshore, MEO's joint venture with Chevron, and deployed in the Gulf of Thailand for four years,
Bulkers collide in Singapore A Capesize bulker collided with a Panamax bulker at Singapore's Eastern Bunkering Anchorage. The Capesize bulker, Southern Explorer, had just been anchored after arriving in Singapore from Brazil, where the 177,493dwt ship had loaded iron ore for delivery into Taiwan. In the early hours of 12
Manila starts moving overstaying containers The Philippine Ports Authority and Manila port operators started relocating overstaying customs-cleared ready-to-go containers this past weekend, PPA officials confirmed to IHS Maritime. Boxes were sent to a 4ha facility in Cabuyao in Laguna, the PPA officials said in a statement, adding that the
Competition returns to ship recycling market Cash buyers have once again dangled attractive prices for ships to be recycled in South Asia in anticipation of a pick up in the fourth quarter of 2014. Pakistan is still the market of the moment, with prices averaging $460/lt ldt for bulkers and $490/lt ldt for tankers, which are the favoured
COSCO inks ore shipping deal with Vale China's largest dry bulk carrier COSCO announced on Friday that its subsidiary COSCO Bulk inked a pact on iron ore shipping with Brazil's mining giant Vale. Vale will charter COSCO Bulk's vessel for iron ore shipping for at most 25 years, according to the pact, and COSCO Bulk will put orders for 10
Northern Sea Route still faces challenges While the Northern Sea Route presents opportunities for shorter Europe-Asia shipping distances, it is still beset with challenges, said Norwegian shipbroker Joachim Grieg & Co. Melting ice caps, the result of global warming, has made shipping through the route viable, although such vessels would
New Indian prime minister makes ports a priority After only 100 days in office, it's clear that India's new prime minister, Narendra Modi, will make reducing port bottlenecks a priority. But whether he has any more success in alleviating the country's oft-overburdened port network than his predecessors, many of who have vowed to do the same, remains to...
Free of congestion, Savannah looks for new sources of growth SAVANNAH, Ga. - Unlike several major North American ports this year, the Port of Savannah hasn't seen the type of debilitating congestion that has hurt other import gateways. Savannah's single-terminal, operating port model, equipped with nearly two miles of continuous berth, allows the largest Southeast gateway to handle container ships of...
Sizing up 'O3' (Infographic) Three major container lines have announced plans to launch a mega-alliance, dubbed Ocean Three, or as the JOC.com team likes to call it, O3. If approved by regulators, CMA CGM, China Shipping Container Lines and United Arab Shipping Co. will operate some of the world's biggest container vessels on the major...
Ship capacity reserve can cater to future demand, SeaIntel says Slow-steaming has absorbed significant amounts of space on container ships, helping carriers save money on fuel. But according to SeaIntel's latest Sunday Spotlight report, this phenomenon of slowing down ships has also created a reserve of capacity that can cater to several years' worth of potential increased demand, giving shippers...
DC seeks to speed up crucial Port of Long Beach repairs Courtesy of the Port of Long BeachTwo Southern California politicians are urging the U.S. Army Corps of Engineers to hurry along repairs to the breakwater protecting the Port of Long Beach, two weeks after high winds and waves punched holes through the barrier. Waves of up to 15 feet high from...
Will alliances spark more orders for big ships? New global alliances of container ship lines could produce a retaliatory surge in large-ship orders by competitors in 2016-2018, according to a research report by Bank of America Merrill Lynch analysts. The report adds fuel to an industry debate over how carriers' increasing cooperation in global alliances will affect ship capacity and rates....
Dropping bunker fuel prices bode well for carriers Bunker prices have fallen to their lowest level in over a year after a three month slide, and oversupply may keep fuel costs for container lines relatively low throughout the end of the year. For the last three months, bunker fuel prices in Rotterdam, a global indicator, have steadily declined. The...
India-Myanmar service launched by Shipping Corp. of India State-owned Shipping Corporation of India has announced the launch of a fortnightly direct container service connecting major ports in the Indian subcontinent with Myanmar, starting this month. The port rotation is as follows: Colombo, Sri Lanka; Chennai and Krishnapatnam, India; Yangon, Myanmar; and Colombo. "This is a dedicated standalone service catering to the trade...
More capacity added to India-China container trade Hanjin Shipping, Simatech Shipping and T.S. Lines have introduced a new joint intra-Asia service connecting India, China and Southeast Asia. The India-Far East Express, or IFX, deploys five Panamax vessels, with capacities ranging from 3,600 to 4,500 20-foot-equivalent units. The weekly service offers the following 35-day round-trip rotation: Kwangyang and Pusan, South...
MSC announces low-sulfur surcharges in North Europe, North America Mediterranean Shipping Co. today unveiled surcharges of up to $165 per 20-foot container on North European and North American routes that will be subject to new low-sulfur limits in 2015. The Geneva-based carrier said shippers and receivers will have to pay for the "significant" increase in the cost of fuel in the...
Air France sets contingency plan as pilots begin week-long strike Air France initiated a contingency cargo plan today as pilots begin a week-long strike that will ground more than half of the carrier's flights. In a bid to minimize the impact on shippers, Air France Cargo is shifting some freight to the Amsterdam Schiphol hub of its Dutch partner KLM Cargo...
Port Freeport, Texas, awards dredging contract Work is scheduled to begin in October on a $30 million dredging project to widen a bend at the entrance of the channel at Port Freeport, Texas, in order to allow transit by larger ships. Great Lakes Dredge & Dock Corp. will perform the work under a $30 million, locally funded...
The power of measurement Of the multitude of business maxims I've been exposed to, I can think of no other that is more relevant, or more valuable to business operations in general, than: "If you can't measure it, you can't manage it." In short, companies thrive on numbers, with the results ranging from a single...
Ocean Three: Last piece of the puzzle completes alliance circle, analysts say The final piece of the puzzle, completing the circle - container shipping analysts were searching for expressions to describe the Ocean Three alliance that was announced last week. But Drewry and SeaIntel were both in agreement that the alliance between CMA CGM, CSCL and UASC would see Ocean Three slot...
Owners of overstaying boxes in Manila face hefty storage fees Cargo owners of customs-cleared containers will be slapped with a $114 storage fee from Oct. 1 by the Philippine Ports Authority (PPA), regardless of whether their boxes are in the port of Manila or have been transferred to terminals in Subic or Batangas. On top of the storage levy, shippers whose...
Robust traffic lifts Cathay Pacific with iPhone cargo yet to be counted Strong air cargo traffic out of Asia continued to lift Cathay Pacific volumes with August figures soaring almost 20 percent year-over-year and the Apple iPhone 6 launch expected to keep traffic high through September. Cathay Pacific and sister airline Dragonair carried 146,955 tons of cargo and mail last month, an increase...
Seaspan mulls GCI takeover Seaspan Corp is considering acquiring Grand China Intermodal Investments (GCI), its boxship investment partnership with private equity giant The Carlyle Group.
Knutsen NYK inks order Knutsen NYK Offshore Tankers (Knutsen NYK) is moving forward with an order for a pair of shuttle tankers at Hyundai Heavy Industries of South Korea.
Refugees rescued A total of 287 refugees were rescued during two separate overnight operations off Libya.
HHIC worker killed A worker has been crushed to death at Hanjin Heavy Industries Corp (HHIC) in the Philippines.
Yet more SALT New York-listed Scorpio Bulkers (SALT) is selling another $5m of its baby bonds due in 2019.
DFDS stops service Danish shipowner DFDS has revealed plans to suspend a loss-making route due to continued losses, its second such move in a month.
Myanmar mission A new ferry service between India and Myanmar is set to commence in October, the Indian ministry of shipping has said.
Rongsheng in the dark Troubled Chinese shipbuilder Rongsheng is still trying to discover details of the government's restructuring plan for its Jiangsu Rongsheng Heavy Industries yard.
Vale deal boosts yards The new pact between Cosco and Vale on VLOCs should benefit Chinese shipbuilders as orders are re-started.
Grindrod's Rennie dies Grindrod director Dave Rennie has died at the age of 64.
Cruise sector grows Demand for cruising across the globe has surged during the last decade, according to a survey conducted by Cruise Lines International Association (CLIA).
Global Ports profit rises Russian terminal operator Global Ports Investments has taken full advantage of smoothly integrating its largest competitor NCC and posted an increased profit on more revenue for the first half.
Swissco treads new path Singapore's Swissco Holdings has ordered its first liftboat for $56m.
Saga set to spend? Former Norwegian owner Saga Tankers has sold its stake in Prospector Offshore Drilling as it eyes up new investments.
Collision probed A team of investigators has been sent to the site of a collision between a bulker and a tug in Canada.
Batista faces charges Brazil's troubled tycoon Eike Batista could see his assets frozen as federal prosecutors accuse him of financial market crimes.
Maersk and Torm drain LR2 pool Maersk Tankers and Torm are ending their 13-year cooperation in the LR2 sector to take full control of their fleets.
Aker wins $465m charter Aker Solutions has clinched a five-year charter in Brazil worth $465m.
BlueMountain adds TIL Private equity group BlueMountain has snapped up more shares in Tanker Investment Ltd (TIL) to become the Teekay spin-off's second-biggest shareholder.
Laker grounds An Algoma bulker has grounded on a shoal off Morrisburg, Canada.
Chowgule adds two India's Chowgule Steamship has returned to Japan for another two handysize newbuildings.
Fund ups SALT intake BlueMountain Capital Management has increased its holding in Scorpio Bulkers a disclosure to US regulators show.
Ernst Russ feeder freed An Ernst Russ-owned containership that ran aground on a reef off the Pacific island of Saipan has been refloated.
Condor boss quits Condor Ferries' chief executive James Fulford has resigned from the UK ferry company after 18 months at the helm.
110 survive sinking A major maritime disaster has been averted off the Philippines after the majority of passengers aboard a sinking ferry were rescued.
Fuel prices lack clear direction in the Americas LS380 prices strengthen in Los Angeles.
Indonesian terminal will help meet Singapore storage demand 'Costs will be at a slight discount to Singapore,' says Oiltanking official.
ECA ferry route to close by year end English Channel route already running with losses and 'does not have a viable future'.
Bunker markets soften in Europe Bunker prices edge downward in Rotterdam.
Prices start week soft in Fujairah Mixed price outlook in South African ports.
'Milestone' reached at IMO on LNG regulation Regulation for LNG as fuel on course for adoption, opening scope to make progress on regulations for other low flash point fuels.
Singapore bunker sales at four-month high Bunker sales up for the second month running.
Alliance will cut bunker and operational costs by $1 billion Container lines operating outside alliances will find it increasingly difficult to compete, says CMA CGM vice chairman.
Singapore bunkering firm ceases operations 'We ceased in a clean way,' source tells Bunkerworld.
Players show interest in Gibraltar's bunker storage plans Pressure to open the port's Eastern Anchorage to bunkering has eased.
Asian bunker prices falling Offices in Tokyo Bay remained closed for a holiday.
Construction begins for 'LNG-conversion-ready' tankers 'NASSCO is pleased to continue our commitment as good environmental stewards.'
Hong Kong close to adopting fuel switch regulation Even moderate participation in voluntary scheme has had tangible positive impact on local air quality.
Chinese port to build inland LNG bunkering stations Rolls out subsidies for building gas-fuelled vessels.
Swire Pacific receives first of modern newbuild series Vessel designed with several fuel efficient technologies.
Iran to upgrade Persian Gulf bunkering facilities Project estimated to cost over $2 million.
Sweden-based shipowner selects emission abatement system To start system installation in the later part of 2014.
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