SNCM persists with four-ship LNG ferry order French Mediterranean ferry company SNCM is proceeding with plans to order up to four new LNG-powered vessels, despite the refusal of one of its major shareholders to sanction the project
STX Turku to go Dutch STX Finland's remaining yard in Turku may be sold to Dutch family-owned shipbuilding group Damen, according to Finnish business daily Kauppalehti
WSS invests in offshore activities in Asia Wilhelmsen Ships Service, a leading maritime provider, is expanding its network of supply points across Asia as it responds to an increasing level of offshore oil and gas exploration and production
Mauritius to build cruise terminal The Mauritius Ports Authority (MPA) is to construct a terminal building for its Christian Decotter Cruise Jetty in Port Louis
Mauritian ambitions built on gas The formal opening on 20 March of a gas terminal at Mer Rouge, adjacent to Port Louis harbour, is expected to lay the foundations for the port to become a regional hub for liquid petroleum gas
Investment boom may have peaked Last year may prove to be the highest point for new shipping investments, according to speakers at the Connecticut Maritime Association conference
Wärtsilä to supply VIEC systems Wärtsilä will deliver three Vessel Internal Electrostatic Coalescer systems to Aker Midsund between April and August 2014 for three North Sea oil fields
Debate intensifies on US export ban Momentum is building for a US policy change to allow crude exports, according to speakers at the Connecticut Maritime Association conference
Solo operators 'not viable' in liner shipping Changing market dynamics in container shipping is making it tougher for companies operating alone and consolidation and alliances will be the order of the day, the Asia Pacific Maritime conference heard today
FSL Trust sold two vessels at $23.55M Singapore-based FSL Trust announced yesterday that it sold two 15 year old drybulk vessels, MT Stella Fomalhaut and MT FSL Durban at $23.55M
Products tanker orders 'out of hand' Newbuilding orders for products tankers have been going through the roof since 2011, and Italian shipbroker Banchero Costa is urging ship owners to be cautious
Shift to Ocean Erodes Air Cargo Market Share The global air cargo business has been losing market share to ocean freight over the past 13 years as shippers seek less costly transport solutions in ocean freight. The share of total global containerized or unitized cargo transported by air cargo declined from 3.1 percent in 2000 to 1.7 percent in...
TSA Members Reschedule GRI Shipping lines in the eastbound trans-Pacific trade lane intend to advance by two weeks their previously announced rate hike that was scheduled for May 1. The Transpacific Stabilization Agreement announced today that the general rate increase of $300 per 40-foot container is now scheduled to take effect on April 15. The...
Monterrey Inland Port Harnesses Mexican Boom Monterrey, MexicoThe inland port of Monterrey, Mexico, is attracting new shippers, and new customs legislation will allow existing and future tenants to more easily tap foreign trade zone benefits. Interpuerto Monterrey is finalizing agreements with a heavy equipment manufacturer, an automaker and a power generation company for industrial space totaling about...
Econocaribe Consolidators Appoints Camilo Quintero as USA Sales Manager March 16, 2014 Miami: Econocaribe Consolidators announced role enhancements for some of its management team members globally. Mr. Camilo Quintero has been appointed as USA Sales Manager. As part of the world's largest LCL consolidator ECU-LINE, Econocaribe has recently undertaken management promotions across its teams, in line to its vision to...
Econocaribe Consolidators Appoints Joan Puig as Puerto Rico Terminal Manager March 16, 2014 San Juan: Econocaribe Consolidators announced role enhancements for some of its management team members globally. Mr. Joan Puig has been appointed as Puerto Rico Terminal Manager. As part of the world's largest LCL consolidator ECU-LINE, Econocaribe has recently undertaken management promotions across its teams, in line to...
Stirling Capital Investments Kicks Off 2014 with a Series of Leases and Spec Office Build Out Activity at Southern California Logistics Centre in Victorville, CA VICTORVILLE, CA (March 19, 2014) - Stirling Capital Investments announced a positive start to 2014 with a series of leases and spec office build out activity at the Southern California Logistics Centre (SCLC), a 2,500-acre industrial and commercial complex in Victorville, Calif. Solar City Corporation, a national leader in clean energy services,...
Hong Kong's Container Traffic Faces Further Decline Hong Kong container portThe port of Hong Kong, which is already losing container market share to rival Chinese ports, faces further "significant" decline in volume following the launch of the P3 Network alliance, according to Alphaliner. Hong Kong's container throughput in the last four years. Full-size image Hong Kong saw traffic fall 3.3...
Drewry: TSA's Asia-US Rate Hike Attempt Partially Achieved Drewry Container Rate Benchmark, March 19, 2014 Full-size image The Drewry benchmark rate for shipping from Hong Kong to Los Angeles climbed $100 from last week to $1,986 per 40-foot container in the week of March 19, on the heels of a March 15 general rate increase. Carriers in the Transpacific Stabilization...
Japan's Trade Surplus With US Shrinks Japan's trade surplus with the U.S. narrowed for the first time in 14 months in February on a year-over-year basis, as imports grew at a much faster pace than exports, according to preliminary figures released by Japan's Finance Ministry. Japan's monthly imports and exports in terms of value from February 2013...
US Customs Issues Guidelines for Vancouver Diversions TSI DeltaportU.S. Customs and Border Protection says cargo diverted to U.S. Pacific Northwest ports because of the truck driver strike in Vancouver, British Columbia, must comply with U.S. laws and regulations enforced by the agency. A customs advisory said shipments must comply with U.S. laws and regulations, including Importer Security Filings,...
TPM Conference 2015 Headed into its 15th year, TPM continues to be a must attend networking gathering for the trans-Pacific and global container shipping community. Held annually in early March in Long Beach at the heart of the LA-Long Beach trade gateway, TPM is attended by 2,000+ of the world's most senior international...
Vancouver Port Community Grasping for Strike Solution Port Metro Vancouver edged closer today to suspending and possibly revoking the licenses of the striking truck drivers who are crippling commerce at Canada's largest port. Robin Silvester, the port's president and CEO, said the port-issued licenses are designed to ensure adequate truck capacity in the harbor. Truckers who are awarded...
Last-Minute Federal Approval for Florida Port Deepening Work? WASHINGTON - The Florida ports of Jacksonville and Everglades could get federal authorization to deepen their channels this year instead of having to wait two years or more for the passage of another water resources development bill. Waterways Council CEO and President Mike Toohey said today that part of the reason...
'Magic' advice from Chalos Shipping companies should tie key vessel documentation to its registered owner, rather than the operator, as a protection from US prosecution over oil dumping, lawyer George Chalos said.
Boyden goes boutique Industry veteran Natasha Boyden has landed on the front line of a boutique investment bank's campaign to break into the shipping industry.
TOTE takes the lead TOTE appears to be closing in on a $320m loan guarantee backed by the US Maritime Administration (MarAd).
Nagel leads tributes The German Shipowners' Association has paid tribute to former managing director Dierk Lindemann who died on Monday.
Russian cash needed Finnish economy minister says Turku shipyard could be rescued by roubles.
SCF slips into the red Russian shipowner SCF fell to a loss in 2013 but the company believes 2014 is already shaping up to be a better year.
Quarantine lifted St Lucia has lifted a quarantine on a cargoship on which one crewman died and another fell ill.
IHB takes yard hit Shipbuilding group Industrial Holding Bulgaria (IHB) has revealed it will book a big hit from yard impairments that will cut its annual earnings.
Seanergy eyes comeback Restis-controlled Seanergy is eyeing a quick return to the shipowning arena after putting the finishing touches to its financial restructuring.
CSAV removes hurdle Compania Sud Americana de Vapores (CSAV) bondholders have agreed to a change of covenants to allow the company to sell its container shipping division.
Iran eyes fee hike Iran is planning to raise fees for domestic and foreign shipping lines calling at its ports.
Kristian Rokke to step down Kristian Rokke is to step down as chief executive officer of Oslo-listed Aker Philadelphia Shipyard after three years at the helm.
Vinalines plots terminal IPO Restructuring Vietnamese owner Vinalines is planning an IPO for its Haiphong port operation.
GSL confirms rate cut US-listed Global Ship Lease (GSL) has extended charters for four boxships to CMA CGM, but has had to take a pay cut.
HHI ship orders leap Hyundai Heavy Industries (HHI) has seen a huge rise in the value of newbuilding contracts this year with VLGCs the order of the day.
Malaysia's cry for help Malaysia's shipping industry desperately needs funds to prevent more companies from slipping into bankruptcy, according to Maritime Institute of Malaysia senior fellow Nazery Khalid.
Fesco grabs grain deal Shipowner Fesco is teaming up with Japan's Marubeni to boost grain exports from Russia's far east ports.
More work for Otto Singapore's Otto Marine has won $21m of charters for one of its multipurpose supply vessels (MPSVs).
KSEW turns a profit Pakistan's Karachi Shipyard and Engineering Works (KSEW) has made a profit of PKR 523.67m ($5.33m) in its latest fiscal year.
Neste sells two more Finnish group Neste Oil has offloaded two more tankers as its shipping exit continues.
Axe falls on fewer Engine maker Wartsila is laying off fewer staff than planned in Finland as part of cost-cutting measures.
Haisheng back in black China Shipping Haisheng has returned to profit in 2013 as revenue rose.
No decline in demand China's demand for iron ore from Australia is not about to decline anytime soon, according to ratings agency Fitch.
SWS behind PSV orders Shanghai Waigaoqiao Shipbuilding (SWS) has emerged as the builder of a series of PSVs ordered by Pacific Radiance.
Fred Olsen coughs up Fred Olsen Cruise Lines is to pay out £280,000 ($460,000) in compensation to passengers that fell ill on board one of its ships.
Heidmar loses Bo Hansen Jesper Bo Hansen made waves at the Shipping 2014 conference in Connecticut Tuesday when delegates learned that the local legend is no longer with Heidmar.
John I floats free A supramax bulker that went aground off the Newfoundland coast of Canada has reportedly refloated and is now at anchor.
Faucher abandons ship Len Faucher appears to have parted ways with Charles R Weber following a tour of duty that lasted nearly a decade.
Japanese fines against car carriers total $224M The Japan Fair Trade Commission said Tuesday that surcharge payment orders against four car carrier companies -- NYK, "K" Line, Wallenius Wilhelmsen Logistics and Nissan Motor Car Carrier Co. -- totaled about $223.7 million.
Washington Notebook: Signs point to WRDA vote in May Congressional negotiators are expected to finalize joint legislation to reauthorize the Water Resources Development Act by late April and take it to the House and Senate for a final vote in May, maritime industry officials say.
Vancouver trucker strike causes cargo diversion to U.S. Ocean carriers are making plans to divert cargo from Port Metro Vancouver, where a strike by truckers upset about driving rates has severely handicapped operations to U.S. ports in the Pacific Northwest, according to U.S. Customs and Border Protection.
ICS chairman: Shipping regulations could cost $500B over next decade
Private investors hire Bechtel for new La. port concept Global engineering and construction giant Bechtel announced earlier this month that it has been selected by a developer to manage the pre-construction phase of a privately financed container port on the Gulf of Mexico.
L.A., Long Beach report lower container volumes
Commercial air cargo planes eyed for Dover AFB The Delaware Economic Development Office will issue a request for proposals later this month from the private sector on expanding the ramp area and load-bearing capacity at Dover Air Force Base's civilian air terminal.
ICS: New shipping regs could cost $500 billion over next decade 'System for proper cost-benefit analysis missing from regulatory debate,' says chairman.
IFO prices show gains in Fujairah Mixed price movements in South Africa.
Vancouver port strike holds Container operations disrupted.
Prices lack direction in Rotterdam But were mainly firm in southern ports.
Class society targets erratic fuel consumption DNV GL data shows a large variation in fuel efficiency between ships of the same design.
Survey: Scrubber interest growing But LNG could become solution for longer term.
Bunkering halted for the second time this week Operations suspended in Novorossiysk.
Call for slow steaming in battle against emissions 'Shipping's CO2 emissions are the greatest challenge facing the maritime sector.'
Shell: Decision on US gas barges 'imminent' Barges integral to overall LNG bunkering projects.
Asian market holding steady Low to average demand seen in Singapore.
ClassNK to buy over technology firm Move made in support of research into bunker-saving technologies.
Shipping firm using 'e-learning' in drive to save fuel The e-learning course was developed by DNV GL.
Wartsila: Fuel efficiency is standard Firm believes efficiency has become a basic, design requirement for engines.
Second guilty plea in US Navy bribery case Former manager admits to overcharging.
Options declared for fuel efficient PSV newbuilds Ulstein PX121 design curries favour with charterers.
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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