NileDutch and PIL announce Asia-West Africa tie-up Carriers will combine two existing services into a new single loop
One-year charters become the deal of choice for product tankers Maersk Tankers contract with BP highlights rising popularity of 12 month charters as market optimism rises
Maran Nakilat acquires three more LNG carriers Joint venture's latest trio to come from Angelicoussis newbuilding order book
UASC reveals Asia-Europe service shake-up UASC to offer five services through tie-ups with CSCL, Hanjin and Evergreen
Greek ship lending slumps as caution rules European banks Petrofin says private equity has filled the gap but banks should bounce back soon
US shippers urge west coast ports and union chiefs to expedite contract talks National Retail Federation writes to PMA and ILWU requesting early start to negotiations
Boxship scrapping slows in March Full year figure forecast to be close to 2013 record high
With loss of Nigeria to US trade, where do suezmax crude tankers go from here? Other trades required to offset loss of benchmark route for the 1m barrel tankers
Hyundai Merchant Marine raises $192m from KDB to improve liquidity Cash-strapped South Korean carrier agrees to sell 14.9% of Hyundai Securities
Navios Logistics completes $375m bond sale Group's South American offshoot replaces more expensive paper
Behrendt's move to Hapag-Lloyd's supervisory board brought forward Weber steps down early following CSAV merger deal
Rotterdam posts flat first-quarter box volumes But Europe's busiest box port does record a slight increase in container tonnage
DSME raises $481m from bond sales South Korean shipbuilding giant replenishes working capital
Thieves seize cargo and crew in Malacca Strait Three crew reported seized as attackers steal diesel cargo
Vessel arrested for failing to pay crew ITF takes steps after vessel is detained with multiple faults
Maersk prefers retrofits to newbuildings when cutting unit costs Danish carrier wants to avoid adding new capacity to weak markets
Proposed ethane export announced in US Facility to come online in 2016
Mercator Lines losses shrink Singapore-listed bulker owner sees falling revenues
Tanker robbed near Malaysia A tanker was robbed of its diesel fuel yesterday by armed pirates in the Strait of Malacca.
Nascent ethane market takes shape Navigator Holdings has exercised options for three ethane-capable LPG newbuildings, and a new ethane export terminal in Texas has been announced
RINA: €320M turnover in 2013 Thanks to investments by new financial partners, Italian class society RINA is likely to post a turnover of €320M ($442M) in calendar 2013, its president and CEO Ugo Salerno told IHS Maritime
Report backs Abbot Point dredging A review of dredging projects on Australia's Queensland coast released today has found the environmental impacts fall within approved boundaries, causing less damage than cyclones or flooding
Pan Ocean terminates shipbuilding contract Pan Ocean Co has cancelled its $80M shipbuilding contract due to difficulties in the construction process
Drewry: Asia-US Rate Sheds Prior Gains Drewry Container Rate Benchmark, April 23, 2014. Full-size chart The Drewry benchmark rate for shipping from Hong Kong to Los Angeles declined this week after two consecutive weeks with no negative movement. The Hong Kong-to-Los Angeles rate dropped 3.3 percent or $64 per 40-foot container in the week of April 23, falling to...
CP Turns to Domestic Intermodal for Growth Canadian Pacific Railway said it is increasing its domestic intermodal volume at a pace that by the end of the year will more than offset the loss of three container line contracts. CP's international intermodal business took a hit after it lost the contracts for APL and MOL last year to...
More Carriers Likely to Step Up Into 18,000-TEU Club Maersk Line Triple E mega-ship Maersk Mc-Kinney Moller.What is today a small club of carriers operating or having ordered 18,000-TEU ships or larger is likely to grow, but not necessarily overnight, as carriers intensify their focus on reducing costs without regard to greater market or infrastructure implications. Maersk, China Shipping, United...
Port Authority to NYSA-ILA: Hire More Vets Top executives of the Port Authority of New York and New Jersey urged the New York Shipping Association and the International Longshoremen's Association to move faster to hire military veterans for dockworker jobs at the port. Patrick Foye, the port authority's executive director, and Deborah Gramiccioni, deputy executive director, said it...
Houston Gets Bayport Dredging Permit The Port of Houston plans to deepen both the Bayport channel and Barbours Cut to match the depth of the Houston Ship Channel. The Port of Houston Authority has received a U.S. Army Corps of Engineers draft permit for deepening the port's Bayport terminal channel, and it said it expects soon...
Truck Tonnage Rebounds From Winter Lows Truck tonnage increased 3.1 percent in March from a year ago - the largest annualized gain this year - and 0.6 percent from February, as trucking companies and shippers recovered from disruptions caused by severe winter weather, the American Trucking Associations said. "Tonnage continued to claw its way out of the...
US Spot Truck Rates Drop, But Beware the Bounce The DAT U.S. national average dry van spot market rate is down four cents from its first-quarter high. Full-size chart Dry van truckload rates on the spot market are dropping from first-quarter highs, but shippers could see rates climb higher as freight demand rises this spring, DAT Solutions warns. The DAT U.S. national...
Jury to Rule on ILA Officials' Fight A Baltimore jury will hear dueling assault complaints stemming from a fight between two International Longshoremen's Association officials whose local union is in a contract negotiations standoff with port employers. Local 333 President Riker "Rocky" McKenzie and Daryl Wilburn, who was recently ousted as the local's secretary-treasurer, filed assault complaints against...
Trans-Atlantic Auto, Parts Trade on Strong Growth Track U.S. containerized auto parts imports from Europe have risen in the past four years. Full-size chart In the mature and stable, some would say boring, trans-Atlantic trade, one category of containerized shipments is booming. The volume growth of U.S. auto exports and auto parts imports ranks first among the top five commodities...
China Express Deliveries Surge Express delivery in China resulted in 2.6 billion deliveries in the first quarter, up 51.9 percent year-on-year, Xinhua reported. The express delivery sector raked in revenues of $6.64 billion in the first quarter of 2014, a growth of 45.6 percent on the corresponding period last year, according to a source at...
Lazaridis leaving CPP Ioannis Lazaridis is getting ready to step down as the chief executive and chief financial officer of diversified Greek operator Capital Product Partners.
Euronav readies $178m sale Euronav appears to be moving forward with plans to part ways with a pair of VLCCs linked to long-term fixtures that don't expire until 2015.
Euronav sheds the red Euronav has snapped a losing streak in which it spent 14 consecutive quarters in the red.
Simek wins again US offshore vessel owner GulfMark has returned to Simek for another platform supply vessel newbuilding.
UASC steps it up Middle East line UASC is launching three new services between Asia and Europe.
Navios fixes higher Navios Maritime Acquisition Corporation has signed fresh fixtures for a pair of MR2 product tankers at higher rates.
Tanker runs aground A salvage operation has been launched to lighter oil from a Singaporean tanker that grounded off Madagascar.
Two dead on bulker Gas inhalation suspected after crewmen killed on Chinese ship off India.
Navigator declares three Navigator Holdings has exercised options to build three LPG carriers in China just a day after plans were unveiled for a huge new ethane production facility in Texas.
Bharati banks loan India's loss-making Bharati Shipyard is hopeful of clinching new orders following a loan agreement with lenders led by State Bank of India (SBI).
Keppel lands BP deal Keppel Offshore & Marine has clinched a huge maiden contract for its new Baku Shipyard in Azerbaijan.
Bank buys Bourgas Bulgaria's First Investment Bank (FIB) has taken over the domestic Bourgas Shipyards following an auction.
Norway handles more cargo Norwegian ports handled nearly 20% more dry cargo in the fourth quarter of last year compared to the final three months of 2012.
Vopak into reverse Dutch tank terminals giant Vopak has seen first-quarter profit cut by falling revenue.
First orders kamsarmax Taiwan's First Steamship is renewing its fleet with a kamsarmax newbuilding at Sasebo in Japan.
Taiwan Nav weaker Bulker owner Taiwan Navigation has posted a lower profit for 2013 as revenue declined.
Reef to split in three Norway's Reef Subsea is splitting into three companies to focus on different areas of the offshore construction market.
Auerbach inks MPP double Germany's Auberbach Schiffahrt has signed up for two new multipurpose (MPP) ships to cut 25% off its fuel bills.
Turkish tanker refloated A Turkish products tanker that ran aground in the St Lawrence River has been refloated.
Maran Nakilat adds trio The Maran Nakilat LNG shipping joint venture has added another three vessels to its fleet in a refinancing deal.
KDB boosts HMM Loss-making Korean owner HMM has received a helping hand in its fundraising efforts in a deal with Korea Development Bank (KDB).
Duo target Africa Pacific International Lines (PIL) and NileDutch are to jointly provide a weekly service between the Far East and West Africa.
JL retains optimism J Lauritzen is hopeful that the dry-bulk market will rebound in the months ahead even though day rates in each subsector are lingering below the $10,000 mark.
Crew trio snatched Three crew members from a small products tanker have been kidnapped after their ship was hijacked off Malaysia.
China output tops 70mt China's crude steel production inch up 2.2% last month as the world's largest producer saw output top 70mt.
Hapag-Lloyd, CSAV merger moves forward CSAV officials said "dissident shareholders" owning only 2.7 percent of its stock have asked to exercise appraisal rights, meaning its planned merger with Hapag-Lloyd can go forward.
NY Waterfront Commission: Hiring of vets too slow The Waterfront Commission of New York Harbor said that the New York Shipping Association and ILA are dedicating most of their efforts to employing new workers from their own referrals "to the severe disadvantage of the veterans."
U.S. petroleum exports rising, while imports decline U.S. exports of petroleum products averaged 3.5 million barrels a day in 2013, a 10-percent increase compared to 2012, the U.S. Energy Information Administration said Tuesday in an energy report.
ATA: Truck tonnage inched up in March Domestic truck tonnage inched up 0.6 percent in March after rising by 1.9 percent in February, according to the American Trucking Association's For-Hire Truck Tonnage Index.
Q1 cargo revenue down at Delta
Cargolux seeks $175M capital influx
Port of Redwood City opens new wharf
Pantos Logistics, Seino Transportation cooperate on parcel delivery
ECU-LINE opens Malaysia offices
Houston receives dredging permit for Bayport Terminal
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