APMT cites Callao drug trade concerns The new electronic roster system opposed by dockworkers in Peru's Port of Callao is being used to combat drug trafficking, according to facility operator APM Terminals (APMT). APMT recently fired 130 of approximately 600 dockworkers involved in the strike, which began on 13 May at APMT's general
Hapag to shift very large tonnage to WCSA-Europe German container line Hapag-Lloyd plans to push ahead with further tonnage upscaling in the north/south trades, said Chief Operating Officer Anthony J Firmin on 2 June. He told IHS Maritime in a press briefing in Hamburg that the carrier plans a major consolidation of slot capacities in the West
Rolls-Royce debuts permanent-magnet azimuth thruster Rolls-Royce unveiled at Nor-shipping on 3 June an azimuth thruster featuring permanent-magnet (PM) technology. The group's PM technology portfolio includes tunnel thrusters and a newly developed winch. Sea trials to evaluate the new thruster's energy-saving potential took place on board
Wärtsilä updates its ship technology encyclopaedia Wärtsilä has launched at Nor-Shipping 2015 a second edition of the Encyclopaedia of Ship Technology. The free-of-charge publication provides definitions of the marine industry's technical terminology. "It is intended as a means to pass on Wärtsilä's experience and know-how in this field, not only
Offshore cost challenges emerge at Nor-Shipping conference Offshore industry faces challenges to cut its costs in line with the plunge in oil prices, delegates were told at the Nor-Shipping Agenda Offshore conference in discussions on 3 June. Several speakers at the event in Oslo called for greater standardisation, blaming the prevalence of bespoke
Calnetix's Hydrocurrent receives class approvals Calnetix Technologies has announced at Nor-Shipping that its new Hydrocurrent waste heat recovery system has been approved by Lloyd's Register and ClassNK. Hydrocurrent was developed by Calnetix in partnership with Mitsubishi Heavy Industries Marine Machinery and Engine Company (MHI-MME) to
MH370 search comes under fire Search efforts to find Malaysia Airlines flight MH370 have come under attack from a French salvage expert, provoking a fierce response from the Australian Transport Safety Bureau (ATSB). Former French naval officer Paul-Henry Nargeolet, who worked on the recovery of the Air France flight 447, has
Investment cycles in spotlight at Oslo offshore conference Cyclical investment was highlighted as a factor in continuing raw material price swings at the Agenda Offshore conference, part of the Nor-Shipping exhibition in Oslo on 2-5 June. While raw material prices are hard to forecast, they reflect switches in investment already set to bring fresh price
Yangtze River ferry capsize death toll rises to 14 The death toll from a ferry that capsized in the middle reaches of the Yangtze River has risen to 14 as of 09:30 h local time on 3 June, according to China's State broadcaster CCTV. As of 3 June, a total of 14 survivors, including crew members and passengers, were rescued from Chongqing Dongfang
Australia, US call for halt to South China Sea reclamation Australia and the United States called for China to halt its maritime construction in the South China Sea at the 2015 Shangri-La Dialogue, held in Singapore on 29-31 May. Satellite image analysis by IHS Jane's in November 2014 indicates China has begun extensive reclamation works on several
Ports warned of automation threats at IAPH meeting Ports were alerted to the risks from a coming surge in automation at the 29th IAPH World Ports Conference, held in Hamburg on 1-5 June. World ports were challenged at the gathering to stop thinking in terms of their own 'silo' and to recognise how some of their business could pass to entrepreneurs
FSIG to take three subsidiaries public Fujian Shipbuilding Industry Group (FSIG) plans to take public three of its wholly owned subsidiaries. A state-owned shipbuilding group based in Fujian, China, its three subsidiaries are identified as Fujian Mawei Shipbuilding, Fujian Southeast Shipbuilding, and Fujian Minchuan Marine Ship Industry
Rates soften on lack of Gulf-Asia Pacific trade Freight rates to ship LPG from the Gulf to Asia Pacific weakened last week as market players awaited Saudi Aramco's announcement of June contract prices while the exorbitant freight rates deterred Gulf-Asia Pacific fixtures. On 2 June, the Baltic Exchange assessed the benchmark rate at
IEV raises $4.79m from rights issue Singapore-listed offshore services provider IEV Holdings has raised net proceeds of approximately SGD6.45 million (USD4.79 million) from a rights issue. According to the company's filing to the Singapore Exchange (SGX), IEV intends to use the net proceeds for the development of the Pabuaran
Phnom Penh port plans listing by November Phnom Penh Autonomous Port (PPAP) is to be listed on the Cambodia Securities Exchange by November. Managing director of Tongyang Securities (Cambodia) Han Kyung-tae told IHS Maritime that the company has been helping the port with its listing plan, and
Fuel and environmental debate shifts at Nor-Shipping 2015 During discussions of alternative fuels at Nor-Shipping 2015, LNG was highlighted as a breakthrough success story, but some speakers called for the focus to be extended to other potentials. Speaking at the Innovation, Investment and Regulation segment on 2 June, Admiral Paul Zukunft, Commandant of
HHIC delays deliveries of Capesizes, box ship South Korean shipbuilder Hanjin Heavy Industries & Construction (HHIC) will be deferring the delivery of two Capesize bulkers and one container ship. HHIC made the revelations in Korea Exchange filings on 2 June. The Capesizes, worth KRW 116.9 billion (USD105.6 million) and the container ship,
HMM shrinks VLCC fleet Hyundai Merchant Marine (HMM) is now left with just one very large crude carrier (VLCC) after selling two VLCCs in May. South Korea's second-biggest shipping company confirmed to IHS Maritime that 2005-built Universal Crown and Universal Queen have been sold to compatriot Sinokor Merchant Marine.
Vard launches innovation project Singapore-listed offshore vessels designer and shipbuilder, Vard Holdings has launched an innovation project in ship design. The project, named 'A step forward', are design innovations developed with an emphasis on safety, user-friendliness, functionality, operability, cost optimisation, fuel
Angelicoussis splashes $160m on two Daewoo VLCCs Other big tanker deals lag due to 'stand-off' on prices, say observers
Aronnax@Nor-Shipping: Really? A floating wheelhouse for boxships? Approval of a design to create an adjustable accommodation block shows different approach to efficiency
APMT opens 900 m Gothenburg quay ahead of schedule Strengthened facility can cater for the world's largest ocean carriers
BIMCO takes over InterManager performance indicator system Consideration undisclosed for transaction effective immediately
Shipowners' Club sees sharp fall in operating surplus Bottom line collapses from $23.2m to just $1.4m
Opec's market share gamble six months on: Is the cartel its own biggest problem? Gulf Arab countries are determined to maintain market share, but US supply has proved resilient while Iran, Iraq and even Libya could bounce back
Nor-Shipping 2015: Insurers want more ships in the Arctic More Arctic activity will help in an emergency rescue situation, but lack of icebreakers seen as a big stop on development
Nor-Shipping 2015: Raise money when it's available, not when you need it, owners advise Build a war-chest rather than raising funds out of necessity, shipowners urged at Nor-Shipping
Oakland operations return to normal amid latest contract dispute Arbitrator steps in after ILWU refuses to dispatch workers
NewLead aims to double fleet in 2015 More bitumen tankers could be among the targets as the Greek owner continues its makeover
Nor-Shipping 2015: Biggest threat to VLGCs is if 'super profits' fall to normal profits Avance Gas chief executive says company is making money as freight market soars
Race against time continues in hunt for survivors in capsized passengership Fourteen survivors have been rescued as government deploys 200 divers to Yangtze
Ocean Rig launches offering, with Economou as investor George Economou will buy shares to maintain his 5% in the DryShips-controlled unit
Nor-Shipping 2015: Shipowners shrug off uncertain outlook as the new normal Owners dismiss talk of seismic macro changes as being business as usual
New US trucking technology mandate to contribute to higher rates The U.S. federal government on Wednesday mandated that heavy trucks be equipped with electronic stability controls by Aug. 1, 2017, the latest in a series of actions taken by the federal government to improve safety that will ultimately contribute to higher truck rates. Once implemented, the National Highway Transit Safety Association...
CaroTrans launches new U.S.-Japan export service CaroTrans is launching a new weekly less-than-container-load service between Southeastern U.S. and Japanese markets, cutting out transshipment and avoiding congestion at ports in Los Angeles and Busan. The New Jersey-based non-vessel operating common carrier said Wednesday the new service will take cargo from Atlanta, Georgia to a slew of major Japanese...
Zim revises Gulf-East Coast of South America routes Zim Integrated Shipping Services has restructured its participation in two U.S. Gulf-East Coast of South America services it shares with other carriers. The Gulf Brazil Service has discontinued calls at Port of Spain and Kingston and added the Brazilian ports of Itapoa, Suape and Salvador. The service, to which Zim previously...
APMT says drug trafficking at heart of Callao, Peru, strike APM Terminals said that weeding out drug traffickers from its dockworker ranks at the Port of Callao is a priority as well as a main point of contention in an ongoing strike at the port. The strike at APMT's general cargo terminal has started to hurt grain imports, but the terminal...
Cambodian port raising funds for new terminal as export demand builds Phnom Penh Autonomous Port is preparing to launch a public offering in order to raise funds for the construction of a new $10 million terminal to support Cambodia's growing exports to Western consumers. Managing Director of Tongyang Securities Han Kyung-tae said that his company has been helping the port prepare for...
After 2014 boom, US heavy truck orders falling North American heavy truck orders slid for the fifth straight month in May, falling 11 percent from April and 23 percent from a year ago, transportation research firm FTR said. The sharp decline is the flip side of a tsunami of orders in 2014, when a resurgent economy released pent-up demand...
Marine terminal operators risk losing automation race to outsiders With more automation coming to ports around the world, marine terminal operators need to get aggressive or risk losing opportunities to those outside the maritime industry, futurist Gerd Leonhard said Tuesday. "There will be faster technological change in the next 20 years than in the past 300 years," Leonhard, CEO of...
ILA-USMX 'exploratory' talks may become more tangible next month Several weeks of exploratory talks about an early contract extension by the International Longshoremen's Association and its East and Gulf coast employers may come into sharper focus at the ILA's quadrennial convention next month. The ILA and United States Maritime Alliance have been exploring a possible extension far in advance of...
Hon. Mario Cordero, FMC Chairman, to Receive 2015 Connie Award Long Beach, CA - The Honorable Mario Cordero, Chairman, Federal Maritime Commission, and a pioneer in the Green Port Policy, will receive the 2015 Connie Award presented by the Containerization & Intermodal Institute (www.containerization.org) in Long Beach, CA, on September 29. In addition, CII will present its Lifetime Achievement Award to...
Transport technology firms merge as shippers demand 'mobility' Increased demand for mobile, end-to-end networked computing systems in freight distribution is spurring acquisitions among transportation technology companies. For shippers, that increased merger activity should lead to greater innovation, hopefully driving even greater gains in supply chain efficiency. PeopleNet, a trucking technology company owned by $2.4 billion Trimble, last week purchased...
Qatar Navigation Lines debuts India to Middle East feeder service Short-sea ship operator Qatar Navigation Lines has introduced a dedicated container feeder service between India and the Middle East. The weekly shuttle service is designed to tap into growing transshipment volumes on the route. It connects Nhava Sheva, India's biggest container handler, with Jebel Ali, United Arab Emirates, and Doha, Qatar. The...
APM Terminals reaffirms plans for Black Sea port An APM Terminals executive said the company remains committed to development of a large Black Sea terminal at the Georgia port of Poti, which the terminal operator purchased four years ago. Poti offers advantages as a gateway for the Black Sea, Mediterranean and Central Asian trade, Joseph Crowley, APM Terminals' deputy...
Treasury targets electronics exporters, carriers in Miami Heather KabeleThe U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) has issued a Geographic Targeting Order aimed at Miami, Florida, electronics exporters and common carriers and calling for the reporting of cash or cash-equivalent transactions in excess of $3,000 until at least Oct. 25, 2015. The GTO, which FinCEN...
IJS Global opens new office in Switzerland Amsterdam-Supply chain solutions provider IJS Global has opened a new office at Zurich Airport in Switzerland. The branch is headed up by Katharina Tyrakowski, who has moved from her role as Customer Services Manager, Pharma, at the forwarder's office in Frankfurt, Germany. "We are committed to delivering real-time solutions for clients globally,"...
Renowned port management and development scholars launch distance learning program Seven internationally renowned academics, that jointly cooperate in www.porteconomics.eu, the web-based initiative aiming at developing and disseminating knowledge about seaports, launch a distance learning program on Port Development and Management. The involved academics (Peter de Langen, Theo Notteboom, Thanos Pallis, Pierre Cariou, Michael Dooms Jean-Paul Rodrigue and Francesco Parola) all...
Altronix appoints new southeast regional sales manager Brooklyn, NY - Altronix is pleased to announce that Brian Hodge has joined the organization in the position of Southeast Regional Sales Manager. Mr. Hodge joins Altronix's expanding team with an extensive product background and sales experience that spans over 20 years in the professional security sector. "Brian's knowledge and experience...
400 new ambulances head to Mid East via JAXPORT JACKSONVILLE, Fla. - JAXPORT partner NYK Line North America recently loaded the first of several export shipments of new ambulances manufactured in Central Florida at JAXPORT's Blount Island Marine Terminal. The vehicles are part of a 400 ambulance order placed by the Saudi Red Crescent Authority, a humanitarian organization that provides...
Fast-growing Ethiopian starts huge expansion of African air cargo hub An Ethiopian Airlines Cargo B757 freighter takes off from Dubai International Airport.HONG KONG - Ethiopian Airlines has begun a four-fold expansion of its air cargo terminal in Addis Ababa as Africa's largest carrier improves the freight-handling ability of its hub to support a growing global reach.The carrier already has 28...
China-Korea trade set to soar on free trade deal HONG KONG - China and South Korea have cleared the way towards implementing a free trade agreement later this year that will eventually scrap duties on 90 percent of the goods traded between the two nations.The deal has been three years in the making and was finally signed officially in...
Tornado to blame The China Meteorological Administration said a tornado likely struck the Eastern Star before it capsized.
ITF slams Tisa proposal The International Transport Workers Federation (ITF) argued today that newly leaked documents show that a multi-nation trade pact could 'threaten the public interest'.
Car carrier blaze contained UK officials are monitoring an American Roll-on Roll-off Carrier (ARC) ship after a fire ignited on the vessel overnight.
Safmarine's new man Safmarine has brought in Maersk Line's east China managing director David Williams as its new CEO.
Economou keeps 5% George Economou has retained his 5% stake in Ocean Rig after splashing out $10m to acquire shares in the drilling company.
Solvang gets a share Norway's Solvang has bought a stake in a modern LPG carrier owned by compatriot TailWind Shipping.
Cargill pursues Mercator Bulker owner Mercator Lines (Singapore) is in talks with creditors over restructuring as it revealed a contract dispute with Cargill.
Jasa seals Petronas deal Jasa Merin of Malaysia has won a contract for the provision of marine vessel services to Vestigo Petroleum, part of the Petronas group.
Dubai eyes growth Dubai has launched a maritime council to engage more closely with shipping businesses as it looks to build its position as a global centre.
USC to build LNG trio LNG-Gorskaya has ordered the first Russian LNG bunkering tanker trio at domestic yard group United Shipbuilding Corporation (USC).
'It's a dead parrot' New frontiers in information technology and data harvesting offer the chance to radically renew shipping's business model over coming decades, but it will demand managers with a vision to deliver, a respected analyst has said.
Scotland wants QE2 A bid has been launched to bring back the iconic QE2 liner to Scotland from Dubai.
Use it or lose it It's not often an executive from the John Fredriksen group plays second fiddle to a peer in the capital markets - especially in Oslo.
Eimskip in the black Icelandic container line Eimskip has returned to profit as it continues to work on a dual listing.
BWO eyes bond purse BW Offshore has returned to the Norwegian bond market as it looks to pocket as much as NOK 750m ($96m).
CFO leaves AKPS Jeffrey Theisen has stepped down as the financial head of Oslo-listed shipbuilder Aker Philadelphia Shipyard (AKPS).
Damen wins new trio Argentina's Cooperativa De Trabajos Portuarios Limitada de San Martín has ordered three new vessels at Dutch yard Damen.
K Line heads to Vietnam K Line is forming a new joint venture for cold storage in Vietnam.
Tomza adds VLGC Mexican LPG player Tomza has returned to Hyundai Heavy Industries for a second VLGC.
Shanghai bags duo China's Shanghai Shipyard has won an order for a pair of research vessels from domestic operators.
Queens on the Mersey Cunard's three Queens - the Queen Elizabeth, Queen Victoria and Queen Mary 2 - have made a historic visit to Liverpool.
PGS in sale and leaseback Petroleum Geo-Services (PGS) has agreed a sale and leaseback deal for one of its seismic vessels with domestic private equity firm HitecVision.
Austal seals $34m order Austal has secured a contract to build a 70m passenger catamaran for Caspian Marine Services of Azerbaijan in a deal worth $34m.
Hansen joins Eastern Pacific Thomas Preben Hansen has joined Idan Ofer-controlled Eastern Pacific Shipping, TradeWinds has learnt.
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