Gulfmark books 23% revenue increase North Sea weather drives positive result for Houston-based operator
Aframaxes hit by closure of sabotage-hit Iraqi pipeline April forecast to be disappointing for aframaxes loading Iraqi crude from Ceyhan
CMA CGM joins May Asia-Europe rate push CMA CGM becomes the latest carrier to announce plans for a price increase in May
Dynagas Partners seals 13-year charter with Gazprom Winterised LNG carrier to trade long term for Russian giant after BG agrees early redelivery
Hapag-Lloyd shareholder Kühne targets another merger Partnering with Singapore's NOL would be preferred option
Inchcape wins deal to support Petrobras in Central America and Caribbean ISS contract covers support for Brazilian energy giant's tankers at 17 new port calls
Qatar invests $1bn to go green during LNG loading at jetties Investment to reduce gas flaring by 90% during ship loading
Höegh LNG purpose-built FSRU sails to Indonesia Launch of Indonesian and Lithuanian projects could help lift Höegh LNG out of the red
Pan Ocean cuts another order at an STX shipyard Cancelled ship is a semi-submersible heavylift vessel ordered in 2012 for $80m
South Korean president condemns Sewol master and crew members Transcript of messages from sinking ship reveals confusion and communication breakdown over evacuation
CSAV wins shareholder support Hapag-Lloyd merger gets green light
MOL ore carrier seized in China over unpaid wartime compensation Move from Shanghai Maritime Court prompts strong complaints from Japanese government
Cosco yards win orders worth $100m Six offshore support vessels set for delivery in 2016
Two die, two hurt in HHI fire Two subcontractors died and two were injured when a fire broke out on a very large gas carrier (VLGC) under construction at Hyundai Heavy Industries this morning
Taiwan's exports grow in 1Q14 Taiwan's export orders in the first quarter of 2014 stood at $104.76Bn, up by 2.7% year-on-year, the country's Ministry of Economic Affairs said in a report yesterday
Jakarta renews protests against Canberra boat tow backs Indonesian foreign minister Marty Natalegawa has again protested against Australia's hardline policy on asylum seekers, the Jakarta Post has reported
Pelindo II signs pacts with Mitsui & Co Indonesian port operator PT Pelabuhan Indonesia (Pelindo II) has signed a shareholder agreement with Japanese conglomerate Mitsui & Co as the continuity of the previous agreement between Pelindo II and Mitsui
JCG patrol boat locates drifting vessel Asian Empire A pure car and truck carrier caught fire in the Pacific Ocean off Japan's Wakayama Prefecture on 19 April
COSCO wins $100M in contracts COSCO was awarded two contracts worth approximately $100M to build six vessels for delivery in 2016, according to its board's announcement
Cyclone Jack disrupts search for MH370 Tropical Cyclone Jack in the Indian Ocean has disrupted the air search for missing Malaysia aircraft MH370 wreckage this afternoon, Australian authorities report
China's steel consumption on the rise Shipbuilding steel consumption is expected to see an increase of 18.2% year on year in 2014, amounting to 13M tonnes, stated China's Association of National Shipbuilding Industry
VLGC rates hit new record high Freight rates to haul LPG on very large gas carriers have hit a new record high
Japan's Container Trade Seen Flat in FY2014 Japan's containerized cargo trade will remain almost unchanged in fiscal 2014, which started on April 1, from the previous fiscal year, a Tokyo-based research firm predicted in a new report. Japan's containerized cargo trade is estimated to have risen 1.6 percent in fiscal 2013 from a year earlier to 12.512 million...
Rapid Cascading Pummels Asia-Australia Trade Cascading of larger vessels from east-west into north-south trades is nothing new. But the pace of cascading and the impact it's having in traditionally profitable north-south markets are gaining increased attention. The trade connecting Northeast Asia-Australia is a case in point, but it's not the only one, says Drewry. As of...
Joseph Cortese, Ex-UASC Manager, Dies at 67 Joseph J. Cortese, who retired last year as U.S. national sales manager at United Arab Shipping Co. after more than 40 years in the shipping industry, died April 20 at his home in Middletown, N.J. He was 67. Cortese entered the industry with Sea-Land Service, where he spent 20 years. After...
Mexican Truck Drivers Threaten Arizona Border Blockade Arizona authorities are urging the federal government to consider some Mexican cross-border truckers' complaints of unfair treatment and prevent a threatened blockade at the largest port of entry in the state. Fed up with the high number of inspections, the severity of fines and regulators placing a large number of trucks...
Seattle, Tacoma Seek Intermodal Edge The Port of Tacoma is working with the two western railroads, its local provider (Tacoma Rail), cargo transloaders, Washington State exporters and trans-Pacific ocean carriers to enhance intermodal rail service from the port. "It's how we build a better mousetrap," said Mike Reilly, the port's director of business development. The Port of...
Werner Sees Shifting Freight Market Boosting Truck Demand, Rates A "meaningful improvement" in freight demand this winter is pushing truckload rates higher this spring, as shippers look to lock down truck capacity for the fall peak shipping season. "We are in the process of negotiating rate increases with many customers during the traditionally substantial spring bid season," Werner Enterprises said...
Early Rise Prompts Optimism in Air Cargo Industry The vast majority of the growth in cargo so far this year has been realized by airlines in the Middle East and Europe. Full-size chart Air cargo's positive start to the year has buoyed spirits in an industry anxious to find profitability amid weak yields and an excess of capacity. "There is good...
Lengthy Turn Times Drawing Complaints at Port of Oakland Port of Oakland. Photo: cdrin / Shutterstock.comThe Port of Oakland has come a long way from last summer, when harbor truckers disrupted the port through sporadic work stoppages protesting new clean-truck rules. But based on recent comments from truckers it still has plenty of work to do to improve turn...
Earth Day 2014: It's Time for Green Trucking The good news: corporations are taking sustainability seriously. According to the United Nations' Global Corporate Sustainability Report 2013, a larger percentage of corporations took specific actions to improve sustainability in 20 management practices, including: Management systems: 66 percent Consumption and responsible use: 65 percent Cleaner and safer production: 62 percent Supplier policy: 61 percent Three...
4 MOL-operated/managed Vessels Selected as 2013 "Best Quality Ships" TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that the following four MOL-operated and managed vessels were selected for FY2013 "Best Quality Ship Award" (seven vessels receive awards) by the Japan Federation of Pilots' Associations (JFPA)(*) -LNG carrier "Energy Frontier" -Containership "MOL Majesty" -VLCC "Gassan" -Car carrier "Swift Ace" The award is aimed at...
Celadon Trucking Selected As Top Workplace in Indianapolis INDIANAPOLIS, April 21, 2014 /PRNewswire/ -- Celadon Group, Inc. (NYSE:CGI) today announced that it has been named to "The Indianapolis Star Top Workplaces" list of the best places to work in Central Indiana for 2014. Well over 100 companies participated in the program and Celadon earned the 15th position in the large business category...
New BBVA Compass team gears up to provide financial services to transportation firms Group pairs well with bank's Equipment Finance offerings Division will help trucking, rail, shipping, logistics and air-related companies Industry expert leads bank's team HOUSTON, April 22, 2014 /PRNewswire/ -- BBVA Compass can now help clients move goods across the country with its new Transportation Banking group. The specialty group will provide loans, revolving credit,...
Penske Truck Leasing Repeats as U.S. EPA SmartWay Affiliate Challenge Award Winner READING, Pa., April 22, 2014 - Penske Truck Leasing has been named a back-to-back winner of the U.S. Environmental Protection Agency (EPA) SmartWay Affiliate Challenge Award. One of 10 companies to win in 2014, Penske was also named a top honoree, cited for its strong marketing efforts. The SmartWay Affiliate Challenge is a national challenge...
TQL Wins the CargoNet "Best in Security" Award Cincinnati, OH - Total Quality Logistics (TQL), one of the nation's largest freight brokerage firms, with more than $1.6 billion in annual revenues, has been awarded the CargoNet® "Best in Cargo Security" award for its cargo theft prevention efforts in 2013. CargoNet is a division of Verisk Crime Analytics, a Verisk...
Two RoadOne Employees Promoted to Director of Business Development Positions Randolph, Massachusetts, April 22, 2014 - RoadOne IntermodaLogistics, a leading single source intermodal, distribution, and logistics services company, announces today that Jessica Cohen and Kendall Kellaway have both been promoted to Director of Business Development positions. Jessica will be responsible for sales and customer engagement in the Midwest and Kendall will take over...
MOL Logistics Subsidiary in Thailand Acquires AEO Certification TOKYO-MOL Logistics (Japan) Co., Ltd. (President: Tetsuya Minato) today announced that its subsidiary in Thailand, MOL Logistics (Thailand) Co., Ltd. (Managing Director: Tatsuya Ueki) has earned certification as an Authorized Economic Operator (AEO) from the Customs Department of Thailand. Within the MOL Logistics Group in Japan, the headquarters was certified as...
PR Firm Colby Communications Corp. Celebrates 20th Anniversary Colby Communications Corp.® is celebrating its 20th anniversary of providing national and international public relations representation, advertising, branding and media liaison services. President Colby Haines expressed appreciation for the two decades of support from current and past clients that made this milestone achievement possible. "Colby Communications would like to acknowledge the loyalty of our valued clients that...
Hapag-Lloyd-CSAV Merger Clears Shareholder Hurdle The planned merger of Germany's Hapag-Lloyd and Compañia Sud Americana de Vapores (CSAV) moved closer after shareholders controlling just 2.7 percent of the Chilean company's stock voted against the deal that will create the world's fourth-largest ocean container carrier. The merger agreement, which the companies' boards signed last week, was conditional...
Weak Demand Prompts Cut in Planned Pipavav Expansion Gujarat Pipavav Port, an APM Terminals facility on India's west coast, has scaled back its capacity expansion program for fiscal year 2014-15 in the wake of weakening trade demand. The company in a written statement said the board allocated Rs. 460 crore (about $76 million) for the year, from April 2014...
MSC to Launch Asia-Africa Express Service Mediterranean Shipping Co. has announced the launch of a new container service between Asia and West Africa, starting at the end of this month. The Geneva-based carrier is using 10 ships with capacities of around 4,000 20-foot-equivalent units on the Africa Express Service. The port rotation is as follows: Nansha, Chiwan, Singapore,...
India lifts mining ban All eyes were on India this week in the wake of reports that the nation's Supreme Court has lifted a ban on iron ore mining in Goa.
Uncle Sam extends A subsidiary pf General Dynamics (GD) has firmed up a $32.7m contract to operate and maintain seven of the US Navy's ro-ros for another year.
HAL moves for Seamec Indian offshore shipowner HAL Offshore has launched a takeover bid for rival outfit Seamec.
Damen still standing Damen Shipyards of the Netherlands is the only bidder for Montenegro's Adriatic Shipyard Bijela.
Nordic Yards buys Stralsund Russian-owned Nordic Yards is to take over bankrup P+S Werft's Stralsund yard.
Farstad inks new deals Farstad Shipping has wrapped up a batch of charter contracts worth NOK 525m ($87.8m).
IHC wins South Africa job IHC Merwede has clinched a contract to build a dredger for South African port operator Transnet.
RINA eyes IPO Two private equity funds have bought into Italian class society RINA as a precursor to a stock exchange listing.
Mercator chops loss Mercator Lines Singapore has slashed its full year loss after cutting back its fleet of dry cargo vessels.
CSSC eyes $1.1bn splurge China State Shipbuilding Corporation (CSSC) is planning a huge newbuilding spree through its vessel leasing division.
GulfMark profit soars GulfMark Offshore has reported a huge rise in first quarter earnings as it delivered record sales for the period.
Sincere slides Taiwan's Sincere Navigation has seen earnings and revenue dwindle in 2013.
Tan selling out? Former PDZ Holdings chairman Robert Tan is looking to offload his stake in the Malaysian liner company.
Two dead in HHI fire Two workers have been killed after a Dorian VLGC newbuilding was hit by a fire at Hyundai Heavy Industries (HHI) in Korea.
CIL drops shipping plan State-owned Coal India (CIL) has scrapped its plan to enter the shipping sector due to a lack of demand for imported coal.
Siem wins wind work Norway's Siem Offshore has diversified further into the wind farm sector with a new supply and installation deal.
Crew injured by huge wave Three seafarers have been airlifted from a Japanese bulker off the US after the vessel was hit by a huge wave.
Kuhne wants second tie-up Billionaire investor Klaus-Michael Kuhne says Hapag-Lloyd should seek another partner following its merger with Chile's CSAV.
CSAV: "dissidents" sell up Only 2.7% of CSAV shareholders have bailed out following its merger with Germany's Hapag-Lloyd.
RCCL rejigs loan US cruise line Royal Caribbean (RCCL) has converted part of its loan for a new Oasis-class ship into US dollars.
STB updates rail statistics The Surface Transportation Board has released its yearly revenue shortfall allocation methodology (RSAM) and revenue-to-variable cost ratio statistics.
FAA OKs first operations at drone testing sites The Federal Aviation Administration announced Monday that the first of six test sites that will perform unmanned aircraft systems (UAS) research is now operational.
CP generates record revenue in 1Q
Washington Notebook: Commerce Department expands export assistance resources
EU clarifies maritime cabotage rules The European Commission has bolstered the intra-Europe marketplace for maritime services by clarifying cabotage rules, giving better legal clarity to shippers and shipowners.
Report: McAuliffe says APM Terminals wants to sell facility
FMC reviews 43 OTI license applications The U.S. Federal Maritime Commission has received 43 ocean transportation intermediary license applications and changes for review.
Middle East hub sees prices soften African markets return after holiday.
Prices move in different directions First full trading day after extended holiday.
Middle East crude oil pipeline out of action Cumulative disruption could push up bunker prices.
Baltic state calls for a review of off-shore bunkering 'Three cases of maritime pollution this year caused by bunkering,' says environment minister.
Carnival claims success in GHG reduction 20% reduction by 2015 will be met, says company.
Trading group predicts fast returns on 'eco-ships' Investors could see 25% return in five years.
Court rejects challenge to EU sulphur regulations Shipowner loses appeal at European Court of Justice.
Vietnam: New channel and terminal hold promise Ships using route will save on bunker fuel, says terminal operator.
Asian prices firm in post-holiday trade Quiet demand seen in Singapore.
Chemoil to delist from Singapore exchange in May Last trading date of Chemoil Energy shares will be on May 2, 2014.
Hong Kong-listed shipowner to boost fleet size Internal restructure will produce 60-strong fleet.
Another step forward for seawater-converted fuel US Navy christens first ship of three navy destroyers to run on carbon dioxide and hydrogen from seawater.
'Live' monitoring can reduce fraud, claims player Customers can avoid cases like the Sakura Princess, says Ascenz spokesman.
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