DNV GL supports container weight checks Classification society argues the case for uniform boxship structural analysis rules
Gothenburg reports 5% drop in box throughput But ro-ro volumes rise at the Nordic region's largest port
Drop in Somali piracy suggests a rethink over prosecutions The threat of prison is not a deterrent - armed guards are, says US academic
Owners to weigh greater choice of fuels DNV GL points to growing number of alternatives to standard oil fuels
Maersk Broker names successor to chief executive Steen Nielsen UPDATE: Anders Hald switches from Asia as three-man executive board is formed for first time
CSC Phoenix expects a loss amid chartered-in contract termination Sinotrans & CSC subsidiary says 2013 figures to show third annual deficit in a row
Oil tanker blast kills seven shipyard workers in China Indian vessel explodes and catches fire at Haizhou
XPO launches offering to fund Pacer deal Company to use proceeds to finance portion of $335m purchase
Yara splashes out $150m on three LPG carriers at Hyundai Oslo company in talks with potential partners for ship management and equity participation
MCI targets air freight's share of fresh-cut blooms Flower power as carrier and technology partner launch specialist box cleaner
Hapag-Lloyd and CSAV courtship signals new round of consolidation German and Chilean lines hope to create world's fourth-largest carrier
Annual results push Hanjin deeper into the red Company vows to tackle its liquidity woes
NordLB faces KG class action Insolvencies unnecessary for two ships, 400 small investors claim
Shenzhen overtakes Hong Kong but seeks to work with rival The world's third-largest container port proposes cargo split 'for mutual benefit'
Yangzijiang buys Peter Döhle stakes in four post-panamax bulkers Singapore-listed shipbuilder says investment supports diversification plans
Transpac carriers set sights on $300 -$400per feu contracts increases TSA lines announce mid-March GRI ahead of annual negotiations
Wärtsilä to supply power modules chosen for Kraken FPSO Armada Kraken Pte.Ltd,a wholly-owned subsidiary of the Malaysia-based international offshore oilfield services provider, Bumi Armada, has selected Wärtsilä's 62 MW topside power generation module for its Floating Production, Storage and Offloading (FPSO)
Wallenius declares two 8,000ceu car carriers options Wallenius Lines, the privately owned Swedish car carrier company, has exercised an option for two additional Post Panamax vessels of 8,000 car equivalent unit (ceu) each to be built at Tianjin Xingang Shipyard in China for delivery in 3Q16 and 4Q16
Tema overtakes Abidjan in box throughput Ghana's key port of Tema overtook Abidjan, Ivory Coast, in terms of the level of container traffic throughput in 2013
COSCO confirms box ship order China COSCO Holdings, the flagship listed unit of COSCO Group has confirmed the announcement it made just before Christmas that it is to order five 9,400teu container ships at total cost of $435.5M
StormGeo buys AWT StormGeo has taken over Applied Weather Technology (AWT) in what has been described as a "friendly" acquisition
Last Montecristo pirate gets 10 years A court of assizes in Rome has sentenced the last of nine Somalis convicted of hijacking the Supramax bulk carrier Montecristo in October 2011
CMA CGM buys into Lekki terminal Third-ranking container line operator CMA CGM has taken a 25% stake in the company that is due to operate the container terminal at the future port of Lekki, near Lagos in Nigeria
Yara orders three LPG carriers from HMD Yara International, the listed Norwegian chemicals group, has ordered three 20,600m3 semi-refrigerated LPG carriers from Hyundai Mipo Dockyard (HMD)
Kitanihon secures six Navig8 tankers Japan's Kitanihon Shipbuilding has secured an order for six stainless steel chemical tankers from Singapore-based Navig8 Chemical Tankers, a joint venture between the Singapore-based pool operator and Los Angeles-based Oaktree Capital Management
Riuniti takes 50% stake in Gesmar Genoa-based tug group Rimorchiatori Riuniti has acquired a 50% stake in its Ravenna-based rival, Gesmar Group, from Italian shipping group Setramar
Sliding Freight Rates, Overcapacity Seen Hurting Carriers' Earnings Port of Hong KongJefferies expects Asian container lines' earnings for the fourth quarter of 2013 overall will be in line with or below Bloomberg consensus estimates, as freight rates in Asia-related trade lanes continued to slide and overcapacity remained. Such depressed rates and continuing overcapacity will lead carriers increasingly to rely...
Adverse Weather Prompts Port Closings in Australia Northeast Australia is bracing itself as a tropical low develops in the Coral Sea and is forecast to make landfall as a cyclone later today or early tomorrow local time. The Port of Darwin in the Northern Territory has issued a cyclone watch notice warning masters, owners and agents to secure...
Costamare Boosts Revenue, Income on Bigger Fleet Costamare's revenue and earnings grew in the fourth quarter of 2013 from a year earlier as the Greek charter shipowner boosted its fleet. The NYSE-listed company posted net income of $25.9 million against $22.9 million in the final three months of 2012 as voyage revenue from a fleet of nearly 50...
Canadian Program to Promote Use of FTZs CALGARY, Alberta - Too few Canadian manufacturers and retailers tap cash flow advantages through foreign trade zones, but a new government initiative will likely bring more shippers into the fold. The Canadian government will award $5 million in funding during the next five years to local economic development agencies so they...
CMA CGM Buys Stake in Nigerian Container Terminal CMA CGM Terminals is acquiring a 25 percent stake in Nigeria's Lekki container terminal from Philippines-based International Container Terminal Services Inc. The port operating arm of French ocean carrier CMA CGM, which signed a sub-concession for the terminal in 2012, didn't give financial details of the transaction. The terminal, situated around 38...
YRC Worldwide Launches $300 Million Debt-Stock Swap The ratification of a new five-year labor contract at YRC Worldwide cleared the way for a $300 million debt-for-equity exchange that will launch today. The debt-for-equity swap was conditioned on passage of a new labor contract extending wage and benefits concessions through 2019. YRC Teamsters rejected an initial company proposal, but...
NY-NJ Considers Selling On-Dock Rail ExpressRail terminal in Elizabeth, N.J.The Port Authority of New York and New Jersey confirmed it is considering the possible sale of the Millennium on-dock rail terminal operated by a joint venture of Maher and APM container terminals at Elizabeth, N.J. Millennium, which sits between Maher and APMT, is the first on-dock...
Winter Weather Closes Southern US Ports Forecasts of freezing rain and icy roads and bridges have led to announcements of halts in service at ports from Virginia to Texas. The Port of Virginia said its truck gates, empty container yards and rail operations would close from 5 p.m. today to 1 p.m. tomorrow, but that the schedule...
Michelin Plant to Drive Tire Volumes Through Charleston With global demand for huge earthmoving tires growing 20 percent over the last four years, Michelin needed to expand production at its seven existing earthmoving tire plants around the world. After a global search, it decided to invest $750 million in South Carolina, both to build a new plant, called...
Descartes' Customs Solution Supports Business Transformation at Botlek Tank Terminal AMERSFOORT, Netherlands, Jan. 27, 2014 (GLOBE NEWSWIRE) -- DescartesSystems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in unitinglogistics-intensive businesses in commerce, announced that Botlek TankTerminal (BTT), a leading tank terminal storage company, transformedits core business from the storage of grains to the storage of oilswith the help of Descartes' advanced European...
Matthew J. Thomas Joins Blank Rome's Maritime, International Trade, and Public Contracts Group Matthew J. Thomas has joined Blank Rome's Washington, D.C. office as a partner in the maritime, international trade, and public contracts group. Mr. Thomas has more than twenty years of experience in maritime and international trade regulation and government affairs, representing leading shipowners, energy and trading companies, ports, P&I clubs, shipyards,...
Adani Ports' Profit Jumps Adani Ports and Special Economic Zone, India's largest private port infrastructure developer, reported its consolidated net profit in the third quarter of fiscal year 2013-14 was $72 million, surging 25 percent year-over-year from $58 million. Quarterly income climbed 16 percent from a year earlier to $199 million. The private operator's cumulative cargo...
US Regains Status as Japan's Biggest Export Market The United States overtook China to become Japan's biggest export market for the first time in five years in 2013, according to preliminary trade figures released by the Finance Ministry. The figures also showed that Japan posted a record trade deficit of ¥11.5 trillion ($111.4 billion) with the rest of the...
MATX seals bond deal A leading operator of Jones Act containerships has taken a trip to the bond market.
Survival of the greenest A growing number of ports and terminals appear to be offering incentives to owners that are investing in technologies aimed at reducing ship emissions.
Some like it hot The production of electricity derived from thermal coal in China has set a new record, a leading industry analyst told TradeWinds Tuesday.
SALT shifts gears Scorpio Bulkers appears to be losing its appetite for newbuildings in the wake of a campaign that saw it build up a backlog of 74 bulkers.
Costa crowns chairman Carnival Corp has appointed Howard Frank as the new chairman of Italian offshoot Costa Crociere.
Cuxship pleads guilty Germany's Cuxship Management has pleaded guilty to safety breaches following a UK grounding last year.
Polar Code under fire The IMO's new rules for Arctic shipping have been criticised as inadequate by green group Friends of the Earth.
Ridgway joins Scandlines Baltic ferry owner Scandlines has appointed former Virgin Atlantic CEO Steve Ridgway as its chairman.
Diamond trial halted A Greek court has adjourned the appeal case of nine people convicted in connection with the fatal sinking of the Louis cruiseship Sea Diamond in 2007.
Into Africa CMA CGM is taking a stake in Nigeria's Lekki International Container Terminal.
Borealis buys Crystal Pool Borealis Maritime has taken over Euroceanica's Crystal Pool in a deal which includes four chemical tankers.
Cosco spree continues State-owned China Cosco Holdings Co has added to its recent newbuilding splurge with a $434.5m deal to build five boxships.
Fred Olsen deal extended Fred. Olsen Windcarrier International has secured an extended deal for one of its vessels.
HitecVision swallows Reef GC Rieber has sold off its stake in Reef Subsea to Norwegian private equity heavyweight HitecVision.
Jasa sells supply ship Malaysia's Jasa Merin is continuing its fleet renewal with the disposal of a small supply ship.
Fisher adds ROVs UK shipping group James Fisher has expanded its oil and gas capabilities with another niche takeover.
Maersk Broker boss departing Long-time Maersk Broker president Jorn Steen Nielsen is leaving the company and will be succeeded by Asian head Anders Hald.
Huge loss for Hanjin Korean owner Hanjin Shipping has posted a big loss for 2013 as boxship rates fell and exchange rates moved against it.
Tanker blast kills seven Seven workers have died in an explosion on a tanker at a shipyard in China.
Navig8 Chem books six Navig8 Chemical Tankers Inc has signed up for six stainless steel chemical tankers in Japan.
Greenback from Greenship Newbuilding deliveries and a strong second half market have seen Greenship Bulk Trust hand out almost $8m in dividends for 2013.
IPO wind set fair Russia's economy minister has said market conditions are right this year to sell off part of the government's stake in shipping group Sovcomflot (SCF).
Greener and cheaper Shipowners with energy-efficient vessels can now bag discounts at Canada's two largest west coast ports.
Festival reactivated A Tallink ro-pax is coming out of lay-up for accommodation work in Canada.
Yara back at HMD Yara International has ordered three 20,600-cbm semi-refrigerated LPG carriers at Hyundai Mipo Dockyard (HMD).
Bond offer extended BW Group has extended the deadline for investors to accept a bond buyback offer launched earlier this month.
Aussie coal disrupted Australian coal exports to China are being disrupted by a potential cyclone building up off the east coast of the country.
Nam Cheong books five Malaysia's Nam Cheong has secured orders for five offshore vessel newbuildings in deals worth $70m in total.
Island goes to Kawasaki Island Offshore has ordered a large subsea operations vessel at Japanese shipbuilder Kawasaki Heavy Industries.
Attorney abandons ship Blank Rome appears to have poached an attorney from one of its rivals.
Regulators address rail transport of oil As regulators try to figure out how to respond to a rash of rail accidents that have occurred during the shipment of oil, officials are proposing new ways forward for shipping oil and other hazardous goods.
Panama Canal could face multi-year delay if contractor walks If the consortium in charge follows through on its threat to suspend activity because of a contract dispute, the project could take several more years to build, according to arbitrators helping to oversee the project.
Canadian ports offer 'A to G' rating discounts
MCI developing reefer technology to widen reach of cut flowers Maersk Container Industry (MCI) has partnered with Boston-based technology company Primaira LLC to develop an air cleaning system in Star Cool Integrated refrigerated containers.
FexEx, DHL halt some Russian shipments
DSV launches intermodal service between Turkey and UK
NEWSFLASH: TSA seeks to raise rates in light of 'strong forward bookings'
DNV GL predicts wider use of alternative fuels
CMA CGM unit buying stake in Nigeria terminal
Washington Notebook: DOT issues rule to shorten review time for projects
Industrial shipper locates plant by Port Manatee
Winter storm causes U.S. freight delays Several ports as far south as Texas are closed Tuesday because of a bad blast of winter weather that includes freezing rain, snow, ice, high winds and 10-foot seas offshore in the Gulf.
APL issues advisory on Japan's 24-hour rule
Hanjin reports large loss in 2013
Port of Hueneme extends contract with auto processor
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.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
