HHI secures two Aurora options Hyundai Heavy Industries (HHI) has secured two very large gas carrier (VLGC) options from Norwegian shipowner Aurora LPG. Delivery of the two 84,000m³ LPG carriers is scheduled for the second half of 2016, and these options were attached to an original order of four vessels with the owner having
Analysis: South Korea-built ships save money If shipowners chose the most fuel-efficient South Korean-built vessels, their operating costs would be 40% less than if they chose Chinese-built vessels, asset management company Hana Daetoo Securities has reported in a research note. Hana Daetoo Securities analysts Moo-hyun Park and Jae-seon Yoo
Cemre shipyard taps into Icelandic fishing sector Turkey's Cemre Shipyard has secured orders for a quartet of wet fish stern trawlers from Icelandic owners. The four sister vessels are being built to a design from Icelandic naval architect's Skipataekni, with three building for the account of Samherji hf and the fourth for FISK-Seafood hf. The
Damen wins double tug order Damen Shipyards has won two orders in two days, with URAG, the German port and offshore towage provider based in Bremerhaven, placing an order for two Damen ASD 2411 tugs, and South Korean operator Seaspovill signing for a Fast Ferry 4212. The two new tugs will have an overall length of 24.5m, a
Italy's ports present reform proposals Assoporti, the association of Italian port authorities, has presented its proposals to be included in ports reform legislation, which has been delayed by a succession of weak national governments and a lack of political will to push through reform. "It is important to concentrate our resources
Australian coastal shipping under fire Battle lines were redrawn on the Australian coast yesterday with unions and the Australian Labor Party (ALP) angrily rebutting remarks made by Deputy Prime Minister Warren Truss at an industry luncheon. Truss claimed ALP's shipping reforms aimed at protecting Australian coastal trade were a failure
Malta denies entry to Ebola suspect ship A Hong Kong-registered bulker has been refused entry to Malta because a crew member was suspected of having the deadly Ebola virus. The bulker called Maltese port authorities for assistance on the evening of 17 September after a Filipino crew member was suspected to be suffering from the infection,
Wärtsilä wins biggest single-owner order for BWMS Wärtsilä has won its biggest ever order for its Ballast Water Management Systems (BWMS) from a single owner. A total of 22 bulk carriers will feature the BWMS, being built by Yangzhou Guoyu Shipbuilding for Singapore-based Pioneer Marine. Each of the 38,000dwt vessels will be fitted with two
Falling bunker price pushes Evergreen and Wan Hai to profit The average bunker price dropped by 4.5% month on month to $577.5 per tonne in August from $604.84 per tonne, which is expected to save Evergreen and Wan Hai around $17.8M in the final quarter of the year, according to a research report by local media this week. Evergreen, Taiwan's largest
CIMC gets $105M after arbitration awards China International Marine Containers (CIMC) has received $105.5M as part of a shipbuilding payment after two arbitration awards related to the building of two semi-submersible drilling rigs delivered to Schahin in Brazil. The sum included the principal of $77.6M, interest of $27.7M and legal
Tanker attacked in South China Sea A products tanker en route to Timor Leste on Wednesday was attacked off Tanjung Berakit, Bintan Island, Indonesia, ICC Commercial Crime Services (CCS) has reported. Eight armed pirates boarded and hijacked the tanker, which was rendezvoused with two smaller tankers, and the cargo of gasoil was
Capesize rates slide again as paper trades fall Despite healthy activity by the Australian iron ore majors, that was no help to Capesize freight rates this week as forward freight agreements failed to hold up. Market players who spoke to IHS Maritime blamed the situation on COSCO's recent announcement that it would co-operate with Brazilian iron
VAM shortage in Mediterranean sparks arbitrage from China A shortage of vinyl acetate monomer in the Mediterranean and the resulting firming prices have created arbitrage opportunities for imports from China, brokers told IHS Maritime. A Tokyo-based broker told IHS Maritime, "We have been seeing strength in the EC China-Mediterranean trade due to
Singapore ships warned about smog risks Masters of ships navigating in Singapore's waters have been advised to be more vigilant as hazy conditions once again afflict the city-state. A circular from the Maritime and Port Authority of Singapore cautioned, "Due to the presence of haze, the visibility in the Singapore Strait and port waters
Weekly wrap-up: Mega-alliances, LA-LB issues and trucking growth Issues at the Los Angeles-Long Beach were on JOC.com readers' minds this week, as an ongoing chassis shortage and continued labor-related diversions continue to hurt the largest port complex in the U.S. Senior Editor Bill Mongelluzzo reported yesterday that the mum International Longshore and Warehouse Union-Pacific Maritime Association negotiators are likely...
Growth seen for automotive logistics sector Demand for automotive logistics services is forecast to grow this year by 6 percent in Europe and 5 percent in North America, according to a new report by industry research and analysis firm Transport Intelligence. The automotive industry in North America continues a broad recovery from the recession, and the industry's...
Argosy launches Houston-Mexico service Argosy Transportation Group plans next month to begin a twice-monthly service using multipurpose, shallow-draft tweendeck ships between Houston and the Mexican ports of Dos Bocas and Ciudad del Carmen. The Argosy Campeche Line service will handle bulk, breakbulk, oversized and container shipments and will be focused oil and gas industry that...
Asia-Europe spot rates tumble to $750 per TEU Spot freight rates on the key Asia-north Europe trade are reported to have slumped to just $750 per 20-foot container, down more than $1,000 since the beginning of the year. The rates being offered by carriers for westbound shipments represent a big gap with the latest figures from the Shanghai Containerized...
China plots new rules for wastepaper imports China's Ministry of Environmental Protection is considering new regulations that would put provincial authorities in charge of approving wastepaper imports that the ministry now regulates. Forest-products information provider RISI, which reported the proposed change, said it is too early to evaluate the impact but that some mills and traders worry they'll face...
US intermodal volume hits record high The volume of intermodal units moving on U.S. railroads last week reached a record high for the railroad industry, according to the Association of American Railroads, furthering signs that the peak season is starting for intermodal shippers as the ocean peak recedes. U.S. carload and intermodal volume both grew for the week...
Transloading continues to gain at LA-Long Beach The percent of import containers arriving at the Los Angeles-Long Beach gateway that were transloaded into domestic containers for onward rail transport into the interior U.S. continued to increase last year and is forecast to continue rising in 2014. The percent of import container loads at LA-Long Beach transloaded into domestic...
Caribbean bottoms A cruise pricing survey suggests that the challenged Caribbean market may have found its bottom.
Polarcus signs LOI Dubai-based seismic vessel owner agrees to take part in West Africa project.
Troim exits Seadrill Frendriksen's former right-hand man withdraws his nomination for the offshore company's board.
China sits out VL order rush China has been conspicuous in its absence from the VLCC newbuilding scene this year as some of the sector's most experienced names showed renewed appetite for the tankers.
Finnish fleet growing Finland's merchant ship fleet is on the rise due to newbuildings and transfers.
Odfjell pair join Lauritzen Lauritzen Kosan has expanded its ethylene gas carrier pool with the addition of two vessels from Odfjell.
Skou's Chinese mission Maersk Line CEO Soren Skou has met Chinese authorities in Shanghai on Friday to smooth the path of its 2M vessel-sharing alliance with MSC.
Total takes Euronav VL New York Stock Exchange bound Euronav has secured a period contract for one of the VLCCs it bought from AP Moller-Maersk at the start of this year, brokers say.
DL eyes new deals Indonesia's Djakarta Lloyd (DL) is aiming to bank about IDR 380bn ($31.8m) from new bulker contracts in 2015.
Hellenic sees the light Hellenic Carriers put a positive spin on the present difficulties in the dry cargo market after trimming its second quarter loss this week.
Sekimizu to step down Koji Sekimizu, International Maritime Organisation secretary general, says he will step down from the post at the end of his first term in office ending in December 2015.
Reefer crewman stabbed A crewman from a Star Reefers ship was in a critical condition after being stabbed off Ireland.
Baltic Fuel buys tanker Russia's Baltic Fuel Company (BFC) has bought a tanker from Turkey to boost its bunkering fleet.
Is uncertainty gone? After Scotland's "No" vote yesterday, many shipbrokers woke up "in relief" while others felt that they missed a chance to benefit further from a volatility-hit sterling.
Cargoship hit by fire Miami firefighters took two hours to contain a blaze on a US cargoship.
Dry bulk referendum Scotland has voted against independence but the big debate about the fourth quarter direction of the dry cargo market remains and is leading towards a positive outcome, according to Galbraith's.
Divorce gets messier State-run Shipping Corporation of India (SCI) and IRISL of Iran are $37m apart in their valuations as they try to exit a tanker and bulker joint venture.
2M "a formality" US approval of Maersk Line's 2M alliance with MSC should be "a formality" according to AP Moller-Maersk CEO Nils Andersen.
Planet of the apes? We take a look at what was said in the market over the past week.
Ingram adding 20 US owner Ingram Barge Company is to build 20 tank barges in 2015 to meet growing demand for chemical shipments.
SFL in Ebola scare A bulker owned by John Fredriksen's Ship Finance International has been stopped from entering Malta over fears a crew member had Ebola.
Reefer grounds off Iceland A Norwegian-owned reefer vessel has run aground off the eastern coast of Iceland.
PE firm acquires OCV Norway's Cecon has sold the first of its three offshore construction vessel newbuildings to a private equity firm.
Weekly Global Market Report A weekly price roundup from bunkering hubs around the world.
Maersk meets China anti-trust authorities on 2M plans Analysts see alliance having a better chance of gaining China's blessing, says report.
'Enormous interest' in ExxonMobil's new ECA fuel 'If we could get it to 20 ports, it would sell,' Iain White tells Bunkerworld.
New Caribbean terminal to include bunkering Cayman Islands plan to close 'dangerous' George Town facility.
Steady fuel oil inflows to ARA North European port cluster sees stocks rise.
WFS pays out quarterly dividend $0.0375 per share payable on October 10.
Bunkering fundamentals push Gibraltar, Algeciras closer End of floating storage signals shift in regional dynamics.
Fuel oil market 'is in decline' 'Most refineries have a view that it will be increasingly difficult to make money when you produce large amounts of fuel oil.'
Cape Town to get more products storage New facility to boost capacity for refined oil products.
Low sulphur fuel blends present 'warranty problems' ECA fuel blends: Worries persist over compatibility and availability.
Singapore continues 'clamp down' on illegal MGO sales 11 crew members convicted and sentenced to imprisonment in latest case.
Dry bulk specialist posts smaller loss in H1 Higher bunker expenses curbs top line growth.
Shipowner orders 'eco' LNG carriers Newbuildings to enter fleet from 2017-2018.
FSO catches fire in Indonesia Vessel serves as a bunkering platform for ships serving local ports.
Finnish government grants support LNG bunkering Three new LNG terminals planned along the Finnish coastline.
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