Minister opens Felixstowe food examination centre Minister Goodwill opens the ATFE. Credit: Port of FelixstoweUK transport minister Robert Goodwill formally opened a new, GBP4 million (USD6.2 million) ambient-temperature food examination facility at Britain's largest container port, Felixstowe, on 29 October. "This facility will ensure that vital imported products stay as fresh as possible," Goodwill commented. "Some 40%...
DP World signs MoU with Senegal to develop logistics free zone The port of Dakar. Credit: OT Africa LineDP World has signed a deal to develop a logistics freezone at Senegal's port of Dakar. The free zone investment will not only benefit DP World's container terminal in the port of Dakar, but will be developed close to the new Blaise Diagne...
Navigating the World of Tougher Product Safety and Compliance Requirements Navigating the World of Tougher Product Safety and Compliance Requirements Global organizations are operating their supply chains in an environment of increasing complexity and ever-changing regulatory constraints. The product safety and compliance risks involved are especially persistent and costly, and achieving supply chain excellence in these areas is a journey with...
Port Productivity: The Cooperation Revolution at the Port of New York and New Jersey With winter weather delays a steady weekly occurrence this year, the impact on port productivity is high. One way to combat this, as well as setbacks that arise unrelated to weather, is a simple one that is complicated to put into practice. Timely and continual communication between all stakeholders can...
Port of NY and NJ Inaugurates TIPS System Inportant!: The Terminal Information Portal System, or TIPS, will make your working day easier. The first system of its kind in the United States, TIPS was developed by Sustainable Terminals Services Inc. (STS), a nonprofit company created by a consortium of port terminal operators. The tool compiles information from all six...
U.S. Import and Export Trends for Specialty Chemical Intermediaries PIERS, the Standard in Trade Intelligence, has partnered with InformEx, to offer a one of a kind report available for free download that examines some of the most important early-stage intermediates for the specialty chemicals: naphthalene, maleic anhydride, gyloxal and adipic acid. Shipping records reveal top U.S. importers and exporters,...
Letter from the Editors: Richard Clayton and Neil Wiese Welcome to Fairplay.IHS.com! For over 130 years, IHS Fairplay magazine has delivered news and analysis focused on the shipping industry to enable readers to make informed decisions about everything from day-to-day operations to long-term financial investments. Now, with the launch of this website, we are taking an important next step in...
Mitsuibishi wins LPG carrier order Newly launched Mitsubishi Heavy Industries Shipbuilding Company has won its first shipbuilding order since its launch on the 1 October. The new order placed by Astomos Energy Corp is scheduled for delivery in the fourth quarter of 2018.This latest order is identical to the four vessels Astomos Energy has placed with...
Stock market still open to smaller players The NASDAQ. Credit: NASDAQPryxis Tankers has secured a US listing via a reverse merger, not an IPO, confirming that smaller owners can still access the public markets. Led by Valentios 'Eddie' Valentis, Greece's Pryxis has an initial fleet of six product tankers: four medium-range (MR) vessels built in 2006-2015 (three either...
Found wreckage believed to be El Faro A screengrab from a short video released by the US Coast Guard shows a severely damaged lifeboat from the missing cargo ship El Faro floating in the Atlantic. Credit: PAWreckage of a vessel believed to be the missing ro-ro container ship El Faro has been found by a US Navy...
Recycling regulations could offer lucrative owner benefits Priya Blue Industries' internationally compliant recycling yard in Alang. Credit: Priya Blue IndustriesOne day, shipowners may recycle ships themselves and follow in the footsteps of product manufacturers such as General Motors, which in 2013 reportedly made USD1 billion from selling on by-products for use in other industries. This is the vision...
Siem Offshore to lay up two more AHTS ships as market conditions bite Siem Offshore (SIOFF), the listed Norwegian offshore services vessel operator has said it will lay up another two anchor handling tug supply vessels. The decision was made due to the "soft market conditions", the company said. The AHTSs will be placed in cold lay-up, and by doing so, SIOFF is only...
Container lines must do more to rebalance market The flirtation of freight rates with the lows seen in the summer highlights a continuing very poor balancein the market, says Jacob Pedersen, senior shipping analyst at Sydbank. Photo: SydbankThe container shipping industry needs to take more drastic action to rebalance the market than it has attempted so far, Jacob...
Chinese steel exports meet with resistance China steel production. Credit: PAExports may be providing some relief to China's oversupplied steel industry but protectionistic reactions by receiving countries may become a hurdle, said Italian shipbroker Banchero Costa. China's steel exports went up by 27.2% year-on-year in the first nine months of the year, as the country found a...
Pan Ocean profit dives in poor market South Korean bulker operator Pan Ocean posted its third quarter 2015 profits of KRW50.9 billion (USD42.28 million) today. The company's earnings plunged 78% year-on-year due to the weak dry bulk shipping market. Pan Ocean officials told IHS Maritime that following the Baltic Dry Index's deterioration to a historic low in February, the...
Samsun Logix declared more valuable alive than liquidated Samsun Logix could stave off liquidation yet again as it is worth more as a going concern than if it were liquidated. Following the registration of creditors' claims and a declaration of the company's assets to Seoul Central District Court, it was determined that Samsun Logix was worth KRW87.5 billion (USD76.7...
Iran container growth prospects seen Iran's Bandar Abbas port. Photo: PAContainer throughput at Iran's ports should grow by up to 25% per annum over the next half decade as a confluence of benefits are realised from the expected relaxation of sanctions, a senior Iran-based industry researcher and commentator told IHS Maritime. "Within the coming five years,...
NTSB confirms wreckage belongs to El Faro Focus now will be on retrieval of voyage data recorder
Cai Mep receives first ULC CSCL Star container vessel deployed in Ocean 3 Alliance for first Vietnam/Northern Europe direct service
Liverpool2 welcomes ZPMC cranes Opening of £300m Liverpool2 deepwater terminal phase 1 is pushed back to January 2016
VLCC spot rates spike as Middle East cargoes soak up tonnage Benchmark TD3 rate at 10-day high after roller-coaster week
Berlian Laju Tanker to double fleet size Indonesian chemical tanker owner plans to double its size from nine to 18 in the next five years following expected completion of financial restructuring
Siem Offshore lays up two more vessels Dire North Sea market hits anchor handlers
Viking Supply Ships to lay up vessel as fleet impairment charge looms Owner looks to cut costs further in poor market
Shipowners do not need to be subsidised Size of European market and existing framework of support is enough to ensure shortsea shipping success, European Commission administrator for transport Anselmo tells Euromed XIX
Scorpio Bulkers third-quarter net loss narrows on year Company has lower write-down on assets held for sale
Grimaldi enhances west Africa frequency Two new direct calls planned and another vessel to be deployed on Mediterranean Express Service
Costamare orders two 3,800 teu boxships for Hamburg Süd charter Peter Döhle said to have done similar deal with German liner operator
Deep Sea Supply lays up two as blocking bites Two ships enter lay-up as six others are blocked in Brazil
DP World takes sole control of Southampton box operations UAE operator purchases ABP's remaining 49% stake in UK box facility
MHI wins Astomos very large LPG carrier order Order will be the first under conglomerate's reorganised entity
BW Pacific launches $250m Oslo listing Offering will comprise up to 48.7m new common shares and up to 9.7m existing common shares
CSCL leases six ULCs from parent unit for $41,000 per day Vessels will be built by Shanghai Waogaoqiao Shipbuilding
Australia unveils new Antarctic-bound icebreaker New vessel set to replace Aurora Australis as Antarctic Division flagship
Origin Energy's first Australia Pacific LNG cargo delayed Project has been hit by dramatic decline in Asia LNG prices
Gulf Navigation nine-month net profit surges 123% Healthy contributions from all business segments underpin gains
US Navy may have found El Faro wreckage Remains found in 15,000 feet of water in vessel's last known area
Dive in European re-exports takes toll on LNG shipping Asia will continue to be the main hub of LNG demand and trade
Captains in the cells Why do some authorities feel it necessary to threaten professionals with custodial sentences, when a reasonable person might assume that a large financial penalty might suffice?
Restocking US shippers expect muted freight growth U.S. shippers expect muted freight volume growth through the third quarter of 2016 as they continue to pull from existing stocks before placing new orders after inventories ballooned during the gridlock at West Coast ports. According to a Wolfe Research survey of roughly 600 shippers, those polled said they expect a...
Zim, Seago reintroduce Middle East-Mediterranean reefer service Zim Integrated Shipping Services and a European short-sea operator are reintroducing a seasonal refrigerated service aimed at agriculture shippers that connects the Mediterranean and the Middle East. The joint venture between the Israel carrier and Seago Line launches this week, connecting Mersin, Turkey; Ashdod, Israel, and Novorossiysk, Russia. In the second...
Vancouver port rail expansion aimed at keeping fluidity when larger ships call A C$285 million ($217 million) expansion of its intermodal yard will allow the largest container terminal at Port Metro Vancouver to maintain a speedy transfer of cargo between the docks and intermodal trains even when larger vessels discharging more containers begin calling the facility in the next few years. Maintaining the...
US investigators confirm wreck is El Faro The USNS Apache, which located the wreckage of the El Faro.Federal investigators have confirmed that the wreckage found Saturday is the TOTE Maritime cargo ship El Faro, which disappeared along with its 33-member crew during a hurricane Oct. 1. Authorities are continuing to survey the area and vessel, National Transportation Safety Board spokesman...
Little hope for Itajai dredging emergency funding There's little hope the port of Itajai, Brazil's second-largest container port, will receive emergency government dredging help, despite the severe siting that closed the port for days and still causes draft restrictions for container vessels. The crisis has forced dozens of ships to skip calls at the port, costing the port...
Customs brokers, forwarders to Uncle Sam: Don't botch ACE roll-out Customs brokers and forwarders are urging the federal government not to botch the late February roll-out of the ACE "single window" program, noting how Australia's implementation of a similar system roiled supply chains in 2005. In an open letter to shippers, the National Customs Brokers and Forwarders Association of America said...
2015 Warehouse Capacity Economics and Trends Don't let the next seasonal peak limit your logistics strategy. 75% of logistics professionals report that their inventory significantly exceeds capacity at some point during the year. These peaks present a host of financial and logistical challenges but solutions do exist. FLEXE conducted a broad survey of logistics professionals to...
Qube Logistics buys vote-blocking share in largest Australia stevedore Australia logistics firm Qube Holdings' $1.2 billion raid on Asciano, whose Patrick subsidiary is the country's largest stevedore, has the blessing of shipping industry players and sounds the death knell to Canada management group Brookfield's $6.4 billion takeover bid. The takeover was already under the scrutiny of Australia's competition watchdog, largely...
Carriers, shippers team up to prepare for new container weight rules Container lines, U.S. shippers and logistics providers are coming together to figure out the best way to prepare for the July 1 start of new global regulations requiring the weighing of containers before they are allowed to be loaded onto a ship. The Agriculture Transportation Coalition and the Transpacific Stabilization...
China's container port operators expected to be more profitable in 2016 China's nine major listed container terminal operators will be more profitable in 2016 with a majority booking high single or double-digit growth in net profit when compared with 2015, according to a valuation report issued by Citi Asia Pacific. Global transportation valuation figures released by the bank today forecast that at...
Iran's container trade forecast to grow 25 percent annually Container throughput at Iran's ports should grow by up to 25 percent annually over the next half decade as a confluence of benefits are realized from the expected relaxation of sanctions, a senior Iran-based industry researcher and commentator told JOC.com. "Within the coming five years, Iran can expect to expand its...
DP World acquires full control of Southampton container terminal Southampton container terminalLONDON - DP World has acquired full control of the DP World Southampton container terminal after agreeing to buy the remaining 49 percent stake held by Associated British Ports. The Dubai-based terminal operator has also extended the licence agreement for the terminal in the southern U.K. port by a...
Ardmore's top shareholder moves to cash in Private equity firm Greenbriar unveils sale of $68m slice in New York-listed owner.
VLCC rate index jumps 20% on sentiment lift Rates on very large crude carriers see gains as owners start month on positive note.
Wreckage confirmed as El Faro, NTSB says Object found in 4,600-metre-deep water is the sunken TOTE Maritime ro-ro.
Crowley buys rival operator SeaFreight Crowley boosts Caribbean market share in its purchase of the SeaFreight companies.
SALT sets out store in Monarch dispute Director Michael Steimler makes owner's case in first public response to critical shareholder.
Viking stacks AHTS Norwegian owner joins club of owners to have removed anchor-handlers from the market today.
Commerzbank stronger German lender making money in tough market as it sheds another $1.2bn of ship loans.
Steamship Mutual forgoes rate rise Shipowners in the Steamship Mutual protection and indemnity club are in for a second year without a general increase.
DP takes full control Port operator acquires ABP's 49% stake in Southampton; stretches contract to 2047.
Naikai makes more Japanese shipbuilder pushes up first half earnings as revenue increases.
Hyundai headache for Wilh Wilhelmsen? Analysts say updated deal adds to negatively ahead of Oslo-listed owner's Q3 report.
Boa lays up AHTS Both of owner's anchor-handlers reportedly now removed from dire North Sea market.
Iino Kaiun profit slips Diversified Japanese shipowner sees net income trimmed due to the weak dry bulk market.
Mercator continues losing streak Singapore-listed bulker owner sees red for the second quarter as its liabilities surge.
Buyers pass on Jinglu bulkers Newbuilding panamax duo to be auctioned again after failing to sell at Chinese yard.
Costamare and York place double order Greek owner and private equity fund place newbuildings against long-term Hamburg Sud charters.
Sanoyas beats own forecast Japanese shipbuilder posts smaller net profit for the half year but still does better than it expected.
Pan Ocean profit chopped Restructured South Korean bulker owner sees Q3 earnings decline 78% despite revenue rise.
NYK tanker heading to First Ship Lease Trust Ship purchased by Singaporean firm believed to have come from major Japanese owner.
Adrift in Greek waters Otto A. Muller-owned multipurpose ship suffers mechanical problem in the Aegean.
NS United trims forecast; profit falls Japanese owner pulls back full-year projection after bottom line is cut in half.
Meiji profit soars Japanese bulker and tanker owner makes a net $21m in first half as revenue increases.
Cosco Corp pays Sevan $26.3m compensation Singapore-listed shipbuilder agrees to refund Norwegian company for rig delay.
A 1990s rerun? Martin Stopford asks if shipping over the past five years is retracing the path followed 20 years earlier.
Nova Star ferry arrested US Marshal seizes ro-pax after complaint from Portland pilots company over $196,000 debt.
ESL down a fraction Finnish bulker owner's third quarter profit edges lower on less revenue from coal transport.
Siem lays up AHTS duo Offshore owner removes two vessels from market and is now trading with just one third of anchor-handler fleet.
NOL shares drop on downgrade from DBS Singapore's flagship carrier sees stock slide after DBS Vickers chops it back to hold.
Bahri shipyard plan is back on Saudi shipowner to renew talks with Saudi Aramco and Sembcorp over new domestic facility.
Deep Sea stacks two more supply ships John Fredriksen's offshore shipowner sends another PSV duo into lay-up as October earnings fall.
BW Pacific launches $250m Oslo listing Singapore-based product tanker specialist says it expects to list in Oslo within two weeks.
Deep Sea stacks two more John Fredriksen's offshore shipowner sends another PSV duo into lay-up as October earnings fall.
Samsung hits back Korean yard says there were no grounds for Idan Ofer company PACD to cancel drillship.
BW Pacific launches initial public offering Singapore-based product tanker specialist says it expects to list in Oslo within two weeks.
Astomos orders VLGCs Japanese LPG specialist takes newbuilding orderbook tally to ten vessels with latest deals.
CSCL books 21,000-teu boxship giants Chinese liner company to bareboat vessels from subsidiary of parent China Shipping Group.
Gulf Nav profit surges Dubai shipowner rides the road to recovery on the back of the improved tanker market.
Hoegh Autoliners extends Berlin deal Marenave forced to take reduced charter rate to extend PCTC for five more years.
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