Zero tolerance urged for enclosed space incidents Enclosed-space casualties remain in the maritime spotlight with a large number of deaths (of both ship and shore personnel) reported so far this year, according to the UK P&I Club. Despite the shipping industry's efforts to eliminate shortcomings, such as lack of training, targeting safer working
South Korea to undertake R&D in ROVs The Korea Institute of Ocean Science & Technology (KIOST) will build a research centre focusing on remotely operated vehicles (ROVs) ROVs, commonly used in hydrographics and subsea work, are remotely controlled on land. The centre is part of the KIOST's research and development work into
MMEA seizes vessels for illegal bunker transfer The Malaysian Maritime Enforcement Agency (MMEA) has seized two foreign-flagged vessels in Pengerang, Malaysia under the charge of illegal bunker transfer. Amran Daud, maritime enforcement chief in Tanjung Sedili, stated that one of the vessels is registered in Equatorial Guinea with six Myanmar
Otto Marine bags two long-term charters worth $25.2m Singapore-listed offshore services provider Otto Marine has entered into an agreement for two long-term anchor handling tug supply (AHTS) charter contracts worth USD25.2 million with a large oil and gas company. The contract was signed by its subsidiary Go Offshore, which will provide two 16,000
Greek connection hangs by a non-dom thread Service industries do not generally survive the absolute disappearance of their biggest and most accessible customers, and this may include the UK maritime industry
Beijing's scrap-and-build subsidy scheme turns out to be 'members only' The door is closed to small and medium-sized shipping enterprises, which aren't on the beneficiary list
Dealing with China's invisible hand The state is an invasive force in strategic industries. What lessons can shipowners draw to guide their business in this essential nation to shipping?
Bulker evolution: the bigger, the better? This century's bulker fleet development has confirmed the No 1 principle in shipping: size matters. But does going large really benefit shipowners?
Will shipping benefit from fluctuations in oil supply and demand? The oil price, rate of demand, the country of origin and a lifting of the US oil ban may well play a role in future oil tanker movements
UK shipping looks for its cool Britannia moment Heritage and international branding are important ingredients in Britain's shipping play, but there must be substance behind the style as international competition hots up
Safe at sea with Britain Freedom, fairness and free trade are essential to the British maritime spirit
Get used to it Shipping must grapple with doing business in China on Chinese terms
Tale of two cities There is a huge difference in the gravity of the threat facing both London and Athens
Box lines going large must exercise some scrapping virtue Ultra large containerships offer greater fuel efficiency and lower slot costs but the equation only works if they are full
Middle Eastern promise delights the product sector Refinery expansion has quadrupled long range tankers' earning power, but there's still more in the pipeline
Homeland insecurity What are the chances of a shipping 'Grexit' that could redraw the map for competing maritime hubs?
Car carriers must face up to a shifting future Analysts predict base growth in waterborne car shipments, but not to the degree seen before the 2008 economic crash
HMM launches Asia-South America west coast service Hyundai Merchant Marine has launched a new service connecting Asia and the west coast of Latin America. The Latin West Express, employing nine ships of roughly 4,700 twenty-foot-equivalent units, began with a sailing from Chile Aug. 15. The service's rotation is Kaohsiung, Shekou, Ningbo, Shanghai, Busan, Manzanillo, Buenaventura, Callao, Valparaiso, Lirquen, Manzanillo,...
How has the Los Angeles-Hong Kong trade changed over the years? Port of Hong KongHong Kong to Los Angeles has long been known as one of the most dominant port pairings in the container trade, connecting the trade's two largest national players, the United States and China, but what has been happening on the trade recently? From 2009 to 2014, the compound...
Crane assist technology investment pays off for SSA Marine The crane assist set up at SSA Marine's Long Beach facility. While some terminals are spending hundreds of millions of dollars to automate their operations in high-volume ports such as Los Angeles-Long Beach and New York-New Jersey, SSA Marine spent about $400,000 to install a semi-automated crane assist mechanism for a...
Cargo thefts rise in Brazil's Amazonas state as economy shrinks Trucks hauling containers in Sao Francisco do Sul, Brazil. Credit: Adam JonesCargo thefts are on the rise in Brazil as the economy struggles and has officially entered a recession. The Amazonas region has been dubbed the "truck robbery center of Brazil" after the latest figures from the Federation of Logistics,...
NS realigns executive reporting structure amid leadership changes Norfolk Southern Railway announced it will be realigning its executive reporting structure for two key departments, the latest in a series of leadership shakeups the railroad has announced since the start of the year. Effective Oct. 1, the Norfolk, Virginia-based railroad's strategic planning department will report to president and CEO Jim...
MSC bulks up Angola-Europe service Mediterranean Shipping Co. is adding calls at North Europe ports to its Angola Express Service in another sign of West Africa's allure to players in the container trade. The Geneva-based company is added six ships with capacities of 2,000 twenty-foot-equivalent units to the service, which will also begin to call at...
Labor Day: Working day for cargo thieves In the U.S., Labor Day is a working day for cargo thieves. Freight theft typically picks up in the U.S. over the three-day holiday weekend as criminals pilfer lightly staffed warehouses, steal freight from tractor-trailers at truck stops and clean out trailers left in store parking lots. For the past three...
FESCO container volumes drop across the board FESCO, one of Russia's largest privately-owned transportation and logistics companies, posted significant declines in container volumes in the first half but believes that its future is bright. FESCO's first-half intermodal container volumes fell by 9 percent to 107,000 twenty-foot-equivalent units on a year-over-year basis. Maritime container volumes fell 17 percent, to...
NYK drops JNPT congestion surcharge NYK Line has joined rival container carriers in lifting a port congestion surcharge imposed earlier for all cargo discharged at Jawaharlal Nehru Port Trust, India's biggest container gateway, citing an improvement in port operations. The Japanese carrier hit JNPT shippers, already reeling from long-time landside congestion, with a $150 per 20-foot-equivalent...
Devalued yuan gets US retailers re-negotiating with Chinese suppliers HONG KONG - Big retailers in the U.S. are dragging their Chinese suppliers back to the table to re-negotiate order contracts and take advantage of lower manufacturing costs following Beijing's sharp devaluation of the yuan.The yuan has led the way among devaluating Asian currencies this year, falling 3.2 percent against...
Online freight network rides wave of investor interest in logistics HONG KONG '- Freightos has raised $14 million from two new investors as the the fast-developing online freight network capitalises on growing interest from venture capitalists in the logistics industry.This brings the total Freightos has raised to $23.3 million and MSR Capital and Sadara Ventures join existing investors Aleph, Annox...
Devalued yuan gets US retailers re-negotiating with Chinese suppliers HONG KONG - Big retailers in the U.S. are dragging their Chinese suppliers back to the table to re-negotiate order contracts and take advantage of lower manufacturing costs following Beijing's sharp devaluation of the yuan.The yuan has led the way among devaluating Asian currencies this year, falling 3.2 percent against...
Maryland governor appoints new members to Maryland Port Commission Port of BaltimoreMaryland Gov. Larry Hogan has appointed two new members to the Maryland Port Commission, a group tasked with keeping the state's rapidly growing Baltimore port competitive within international maritime trade. Brenda Dandy and Walter Tilley, both business executives, will join current commissioners on the six-person board. The Port of Baltimore's...
FMC requests additional information on proposed Saturday gate at Oakland The Federal Maritime Commission Wednesday voted to issue a request for additional information from terminal operators involved in a proposal to add a Saturday gate at the Port of Oakland as a measure to relieve congestion at the Northern California port. Since the proposed OakPass program would involve charging a fee...
CMA CGM announces Asia-Europe GRI CMA CGM announced a Sept. 20 general rate increase of $500 per 20-foot-equivalent unit encompassing all cargo originating in Asia and heading to North Europe. It currently costs $591 to ship a 20-foot container from Shanghai to North Europe on the spot market, which is 26 percent, or $122 more than...
Roadrunner joins race to gain U.S.-Mexico cross-border freight To Mark DiBlasi, the rumble of trucks crossing the U.S.-Mexican border in El Paso is the sound of opportunity. The president of Roadrunner Transportation Systems, one of the fastest-growing U.S. trucking companies, is looking for new business in new markets across the Rio Grande. Roadrunner, which moves truckload and less-than-truckload freight...
Royal Caribbean opens coffers Royal Caribbean Cruises will share more of its cash pile with investors, hiking its quarterly dividend by 25%.
VLCCs find springboard Spot rates for VLCC lifting cargoes in the Middle East skyrocketed Thursday, awakening from their August slumber with a bang.
Dorian newbuild pushed back Dorian LPG will see one newbuilding delivered later than what initially scheduled from Hyundai Samho.
POSH hit with suit PACC Offshore Services Holdings (POSH) revealed that it is facing litigation in Singapore centred on a collapsed property deal.
Woo to carry on growth plan Busan Port Authority (BPA)'s new chief executive has pledged to continue with the redevelopment of the old port as scheduled.
Signal auction date set US shipyard group could sell off assets as part of Chapter 11 process.
Nabu criticises cruise lines A German green group says cruiseships with environmentally friendly emissions abatement techniques are still too few.
Greece rejigs port sale Greece has officially announced it will revise the terms of the sale of the Thessaloniki port, in northern Greece.
Bulker spill tackled Port workers in Thunder Bay have nearly finished removing almost 200 litres of oil that spilled from a bulker over the weekend.
DFDS CFO sells stock Torben Carlsen offloads 5,000 units following a strong performance by the company's shares.
Crew safe as boxship sinks All 20 seafarers have been rescued after a Meratus Line boxship sank in the Java Sea off Indonesia.
CMA CGM merges loops French line CMA CGM and its Ocean Three partners have merged two Europe to Asia services, adding direct calls to Vietnam.
UK P&I : "Zero tolerance" The UK P&I Club is raising awareness over casualties in enclosed spaces, which continue to blight the shipping industry.
German yard's comeback The new owner of Germany's Nordseewerke shipyard is planning a return to the shipbuilding sector.
Aussie crews face carnage A study has claimed that 93% of Australian seafarers will lose their jobs if employment rules are relaxed to allow greater foreign competition.
Busy August for Tallink Tallink has built on the momentum from a strong second quarter as it saw passenger figures jump by nearly 7% in August.
Iran output to rise 67% Iran's crude production will increase by at least 67% as sanctions are lifted, according to its oil minister.
Sungdong seals deal Samsung Heavy Industries (SHI) has been appointed to assist financially troubled Sungdong Shipbuilding & Marine Engineering to get back on its feet.
Crude market still crumbling Short term fundamental conditions in the crude oil market started to deteriorate again at the end of last week, Marex Spectron says.
Fotis clings on for another year Fotis Karamitsos, the European Commission's maritime director, has again succeeded in extending his career beyond all expectations.
Two missing as boxship sinks Two crewmen were reported missing after a containership sank in the Java Sea off Indonesia.
Shandong Huahai files China's Shandong Huahai Shipyard is to undergo court restructuring to reorganise its debts.
Susitna sold? A laid-up $78m US ferry that was too big for its berth could be heading to the Philippines.
CMES and Sinotrans to merge Beijing has ordered a merger of China Merchants Energy Shipping (CMES) and the Sinotrans and CSC Group, according to a report today by Chinese shipping website Ship.sh.
Otto Marine ties up two Otto Marine has secured charter contracts for two anchor handlers in deals worth $25.2m, it emerged Thursday.
Mission accomplished Humpback whale, lack of wind and surfing at night can't stop African kitesurfing fundraiser.
Recovery a long way off The dry bulk shipping market will remain in recession until at least 2017, according to new research by Drewry.
Maersk still in focus Brazilian prosecutors have asked AP Moller-Maersk for more information as part of a sweeping corruption probe in Brazil, the company confirmed.
Balearia, LaNaval sign MoU for two LNG-fuelled ferries Agreement expected to 'firm up' in two months, says ferry operator.
Shell's takeover of BG Group gains EU approval Deal requires additional clearance from China and Australia.
'Fuel-saving' windshield tested on MOL ship Expected to 'reduce wind resistance' and 'CO2 emissions'.
China's ECA plans 'to be in place by the end of the year' Environmentalist says China has taken 'important step' in tackling ship-generated emissions.
Cruise ships 'ranked' on emissions By German environmentalist group.
Study demonstrates complexity of developing MRV and IMO's GHG policy Extensive CO2 data from Belgian fleet show speed is biggest factor in operational efficiency variations.
Ex-BP trader joins BMS United Bunkers Piraeus firm makes senior appointment.
Singapore: One in 10 bunker tankers MFM-equipped Another three vessels enter approved MFM bunkering fleet.
Fishing vessel gets Rolls-Royce engine Fifth unit to be sold to fishing fleet.
Fuel oil stocks are falling Imports to Singapore down 50% week-on-week.
Longer routes open up arbitrage opportunities As cheaper bunkers make temporary storage feasible.
Jump in number of idled containerships 'Lacklustre demand is expected to worsen further in October.'
Investment enhances commercial performance of bitumen tanker Vessel currently trading at $7,400 per day as compared to $6,700 per day before, says owner.
Singapore: One in ten bunker tankers MFM-equipped Three vessels enter MFM bunkering fleet.
Titan Petrochemicals: Funding for restructuring 'confirmed' New investors expected to complete shares subscription agreements by September 4.
GAC grows Brazilian marine fuels, supply business Sixth Brazilian office opens on Tuesday.
Crude increases as US equities rebound WTI futures climbed by 1.9% in New York on Wednesday.
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