Only half the US' planned LNG export projects will launch, predicts expert Shipowners can expect disappointment as cargoes fail to live up to the hype
Milaha reports a slight increase in net profit as VLGC earnings rise Extraordinary LPG rate growth boosts Qatar-based shipping company's results
Liner shipping alliances will stabilise freight rates, says Seaspan's Wang UPDATE: operating earnings steady despite one-off financial writedowns
DFDS to axe North Sea route ahead of SOx deadline Company warns customers of new surcharge as it switches to low-sulphur fuels
Nordea cuts shipping loss provisions First-quarter results show improving trend
Navios Partners eyes more containerships Frangou-led bulker partnership hints it could spend insurance windfall on big boxships
Six players register interest in a majority stake in Piraeus Privatisation of Greece's largest port authority draws Cosco, APM, Ports America and ICTSI
INTTRA adds freight rate visibility through Catapult partnership Solution allows shippers to view agreements while booking
CSICL reports 17% fall in first-quarter profit Flagship unit of Chinese state giant encounters lower revenues and subsidies
Cash-strapped Hanjin Shipping Co will be spun off from its holding firm Restructuring moves South Korean box line closer to Hanjin Group's direct control
Boxship charter-owners make a comeback Clarksons estimates that tonnage providers account for 60% of orderbook
NordLB loan loss provisions top $1bn No recovery now and 'first signs' only in 2015, says chairman Dunkel
Avance Gas moves into profit in the first quarter US liquefied petroleum gas exports create record VLGC rates - although a dip looms
UASC hopes to use LNG to fuel ships within three years of delivery Carrier reveals targets for roll-out of liquefied natural gas power
Middle East petrochemical shippers face equipment shortage Conference hears that container imbalance has worsened in the last three months
Shipping line alliances 'are start of collaboration trend' Lines will work increasingly closely to secure sustainable profitability, says UASC chief
Vard orderbook hits a five-year high Offshore builder has orders worth $3.6bn
Dorian initiates US offering LPG carrier's downsized IPO will help fund 19 newbuildings at HHI and Daewoo
Korean Register chairman Chon resigns in wake of Sewol disaster Gesture of sympathy for victims and families does not suggest any wrongdoing by KR, says class society
ZPMC plans S Korea joint venture Zhenhua Heavy Industries (ZPMC) plans to set up a $700,000 joint venture in South Korea to develop its international network
Avance Gas upbeat after strong first quarter Avance Gas Holding says it expects the freight market to remain strong in the current quarter although at rates below the recent all-time highs as US exports continue to support the business
Nord LB racks up huge shipping loss German state bank Nord LB - the country's second-largest shipping lender - was hit by a massive loss in its ship financing division amidst increased risk and restructuring costs
Six suitors for Piraeus Six investors have expressed interest in a 67% stake in the Piraeus Port Authority, according to an announcement made by Greece's public assets sell-off agency HRADF yesterday
COSCOL cut losses in first quarter COSCO Shipping (COSCOL), a special cargo carrier unit of Cosco Group, today said its losses fell by 71% year-on-year to CNY13.1M ($2.1M) in the first quarter of 2014, due to improved freight rates and investment gains
Drug shipments to Australia up Shipping is still the favoured transportation for illicit drugs, with crystal methyl amphetamine becoming the new drug of choice, second only to cannabis, according to a new report released by Australian Crime Commission
Hanjin Group CEO takes reins at Hanjin Shipping Hanjin Group's CEO is taking over the leadership of Hanjin Shipping Co as part of the latter's ongoing financial restructuring
President Park issues Sewol apology South Korean president Park Geun Hye apologised today over the Sewol ferry disaster, blaming her government's failure to combat systemic and regulatory "evils"
VARD's first-quarter profit halved Singapore-listed Norwegian offshore vessel builder VARD Holdings suffered a 52.8% year-on-year drop in its first-quarter 2014 profit, which totalled NOK85M ($14.1M)
WRDA Ho! US Port Authorization Bill Passage in Sight WASHINGTON - Long-delayed U.S. federal legislation key to authorizing major port projects hasn't yet arrived in harbor, but the bow is in sight. Congress will complete final work on water resources development legislation over the next two weeks, hold a final vote and then send it to President Barack Obama for...
Drewry: East-West Air Freight Rates End Slide Drewry East-West Air Freight Price Index rose 6.1 percent year-over-year in March. Full-size image In March, the East-West Air Freight Price Index, as reported by Drewry, rose 6.1 percent year-over-year and 6.8 percent from February, following three consecutive months of year-over-year and month-to-month declines. The index is based on the average of all-in...
Supply Chain: The Next Generation Five ways the technology of tomorrow is shaping business today Con-way Multimodal launches a Twitter application called Tweet-load to match carriers with available freight, while a Dutch designer conceptualizes the world's first intelligent highway equipped with groundbreaking technology that allows electric cars to charge in motion. 3D printing technology for prototyping and...
OOCL Earnings Point to Higher Rates, Stronger Demand Shippers look set to face rising freight rates on the Asia-Europe trade in the second quarter as improving demand allows container lines to stand firm on planned general rate increases (GRIs). Several carriers announced GRIs at the beginning of April, and a host of rate hikes are planned for May and...
Echo Sees Billion-Dollar Year Ahead as Truckload Demand Rises A surge in business during the first quarter carried over into April at Echo Global Logistics, as shippers turned to the third-party logistics provider for trucks. Revenue was up 27 percent year-over-year in the first weeks of April, following a 21.4 percent jump in revenue the first quarter, Echo CEO Doug...
TNT Express Revenue, Profit Fall TNT Express posted lower revenue and operating income in the first quarter on a mix of adverse currency movements, the sale of its domestic Chinese business and the pruning of unprofitable contracts. The Dutch global logistics group's revenue shrunk 6.6 percent to €1.6 billion ($2.2 billion) from €1.72 billion ($2.4 billion)...
Stronger Global Trade Drives Growth in DP World's Traffic Stronger global trade growth and new capacity in the United Kingdom and Brazil boosted DP World's traffic by 11.6 percent in the first quarter. The company did sound a note of caution regarding the economic environment, however. The London-listed group handled 14.2 million 20-foot-equivalent units, compared with 12.8 million TEUs in...
US Intermodal Growth May Slow This Year Some shippers this winter couldn't deal with tightening truck capacity by shifting loads to intermodal trains even if they wanted to. Intermodal service delays, caused by the severe weather and an uptick in freight demand, forced some railroads to turn away cargo. In a case of supply chain reverse engineering, poor...
TPM 2014 Sponsored Video: China Merchant Holdings International Dr. David Deng, China Merchants Holdings Intl. deputy general manager, on the challenge that carrier alliances bring to terminal operators and CMHI's recent projects supporting developing economies in new regions....
Capacity Squeeze May Spark Supply Chain Changes One way to measure trucking demand is by looking not at how much freight a trucking company can haul, but at how much freight it turns away. In the first quarter, U.S. Xpress Enterprises, North America's sixth-largest truckload carrier, turned down as many as 1,200 loads a day tendered by shippers...
Canaccord's Coup A leading investment bank appears to have completed the second phase of a campaign aimed at cashing in on the rising tide of shipowners that are looking to tap the capital markets.
LNG carrier reactivated Exmar has secured employment for an LNG carrier that has been sitting idle since December.
Exmar upbeat Exmar turned in a first-quarter profit Tuesday and is upbeat about its prospects in the months ahead thanks in part to rising demand for very large gas carriers (VLGCs).
Spring cleaning Belgian gas-carrier operator Exmar appears to have picked up the pace of a campaign to shed ageing tonnage.
Solstad wins in Brazil Solstad Offshore is switching an anchor handling tug supply vessel from the North Sea market to Brazil.
Neste takes a stake Finnish oil and shipping group Neste has formed a new joint venture to manage the tanker assets it has sold to the state and pension fund Ilmarinen.
Concordia spot on Concordia Maritime has made a successful start to life under Kim Ullman's leadership with a sharp rise in quarterly profit.
CSDC back in black China Shipping Development Co (CSDC) returned to the black in the first quarter of the year as volumes and rates recovered.
Insurance boost for NMM Greece's Navios Maritime Partners (NMM) is expecting to bank more than $100m from the scrapping of a charter default insurance policy.
Nord/LB boosts provisions Norddeutsche Landesbank (Nord/LB) made a healthy profit in 2013 despite increasing loan loss provisions again as the shipping downturn entered its sixth year.
Cosco sees red ink return China Cosco has made an immediate return to the red after surviving a third successive annual loss which would have seen it ejected from the Shanghai Stock Exchange.
DFDS chops route Danish ro-ro group DFDS is closing its Esbjerg to Harwich route due to the costs of new sulphur emission rules.
CSCL returns to profit Chinese container line CSCL has been pushed back into profit in the first quarter by asset sales.
NAO deal aids Ulstein Nordic American Offshore's purchase of a platform supply vessel (PSV) fleet and a strong showing from its ship design division have helped jack up annual profit at Norway's Ulstein Group.
Sprint finished A spectacular rise in LPG rates was finally halted yesterday with talk now turning to how far they will come back down from record highs.
Cement carrier grounds A KG Jebsen cement carrier has run around off Sweden after suffering power failure.
NCL earnings soar Norwegian Cruise Line (NCL) has reported a much improved bottom line after upgrading its fleet with a pair of larger vessels.
Cho eyes Hanjin revival Cho Yang-ho, the new CEO of Korea's Hanjin Shipping, has vowed to transform its loss-making operations.
Norden takes Top MR Greece's Top Ships has fixed the last of its Hyundai Mipo MR newbuildings to Denmark's Norden.
Exxon turns on PNG taps ExxonMobil has kick-started production at its new LNG plant in Papua New Guinea ahead of schedule.
CSSC profit slides State shipbuilding group China CSSC has posted a 59.5% drop in net earnings for the first quarter.
Milaha edges up Qatar Navigation (Milaha) has booked a slight rise in first quarter earnings.
Shipping better at Nordea Nordea has recorded a rise in first quarter profit helped by a stronger showing from its shipping division.
Seaspan earnings held back New York-listed containership owner Seaspan Corporation has seen first quarter net profit cut by a revaluation of financial instruments.
Avance a hit in Q1 Avance Gas cruised past market expectations for the first quarter in which shareholders have been handed a strong dividend.
Ananda under scrutiny Bangladesh is probing alleged fraud at Ananda Shipyard & Slipways.
Saga eyes IPO UK cruiseship and insurance group Saga is plotting a London IPO that could value it at £3bn ($5.1bn).
Dauelsberg in dark German owner Herm. Dauelsberg has revealed the whistleblowers who cost it $1.25m in fines never told the company about oil-waste dumping off the US.
LDC boss to step down The chief executive of Louis Dreyfus Commodities (LDC) is resigning after less than twelve months in charge.
Sewol claims KR CEO Korean Register (KR) has confirmed that chairman and chief executive Dr Chon Young-kee has resigned with immediate effect.
Higher margins lift WOM Wintermar Offshore Marine has reported a 30% jump in first quarter profit as it continues to focus on growing its owned vessel segment.
CGG back for more CGG is looking to raid the bond market for the second time in as many weeks as it looks to refinance more debt.
Vard Q1 profit dives Vard Holdings has made a disappointing start to the new financial year with a 53% decline in first quarter profit.
Delaware looks for air cargo project developer Delaware officials have issued an Air Cargo Ramp project request for proposal, which would provide parking space for up to four loaded Boeing 747s at Dover Air Force Base.
BNSF: Emergency service orders won't help shippers BNSF officials say they have "fallen short on executing from a service perspective," but that emergency service orders or other edicts from the Surface Transportation Board would hurt the railroad's ability to improve customer service.
TCI Plastics to build at New Orleans port
Chinese firms added to BIS Entity List The U.S. Commerce Department has added eight Chinese companies and one Chinese individual to its Entity List for their roles in supplying Iran's ballistic missile program through the Chinese proliferator Li Fangwei, or "Karl Lee."
CaroTrans offers new U.S.-France service
Port Everglades adjusts gate hours for perishables
Ecu-Line expands in Philippines
Washington Notebook: EPA honors 10 SmartWay Affiliate members
Trucker protest causes minor disruption at SoCal ports
INTTRA and Catapult announce partnership INTTRA announced Tuesday a strategic agreement with Catapult International to sell integrated rate and contract management capabilities to freight forwarders, shippers and carriers that use INTTRA's global e-shipping solutions.
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