Sulphur control enforcement draws industry criticism The enforcement of sulphur emission controls in northern Europe has been criticised by a leading shipping figure. Niels Bjorn Kristensen, head of regulatory affairs at Danish shipping giant AP Møller-Mærsk, said efforts to detect violations of sulphur emission control area (SECA) rules in northern
A2Sea looks to Far East for growth A2Sea, the Danish offshore wind farm installation vessel and cable-laying group, is looking at the Far East as a potential new market for growth of its business, said Hans Schneider, COO of the Fredericia-based company. In Europe, the volume of wind farm installation work has fluctuated from one
Everyone in maritime should be proactive says IMO All stakeholders in the maritime sector should take a proactive stance to the subject of environment, said Arsenio Dominguez, chairman of the IMO's marine environment protection committee, in a speech in Copenhagen today. He added that stakeholders also need to help the sector to reach stated
Shipping at risk of 'collateral damage' after Libyan port attack Risks to shipping using the Libyan ports of As Sidra and Ras Lanuf are currently at elevated risk of collateral damage, IHS Country Risk has reported. Following the Islamic State attack on major Libyan oil port As Sidra on 1 October, Richard Cochrane, senior IHS Middle East North Africa analyst,
U-turn on slow steaming contains rates Concerns about overcapacity in the dry bulk trades are growing as low bunker prices prompt owners to increase sailing speeds especially on ballast legs. Hamburg's Ernst Russ Shipbroker warned principals in its latest maritime overview report that the capesize spot market could be faced with a
Army Corps awards Delaware River contracts Great Lakes Dredge & Dock (GLDD) was awarded the latest contract in the multiphase Delaware River Deepening project to dredge the river's main channel to 13.7 m (45 ft). The NASDAQ-listed contractor was awarded USD77 million to dredge 245,000 m³ (320,000 cubic yards) of rock and gravel in a
Pressure increases for charter box ship owners The downward trend in container ship period rates worsened considerably last week with leading market indices posting their sharpest drops in a long time. Excess spot availability and plummeting fixture rate levels especially for large gearless cellular vessels saw the Hamburg ConTex slip by 3.3%
Gothenburg switches to simpler call notification system Ships making calls at the largest port in the Nordic countries can now notify the relevant authorities through a new platform using Swedish Maritime Administration system Reportal. It replaces Port of Gothenburg's now redundant VTMS system. "It makes calls more efficient and it is easier to use
Deal on fees averts strike by Busan bunker tankers A strike by bunker tanker owners in Busan has been averted after South Korea's four oil refiners reached a deal with the shipowners' trade association. South Korea's Ministry of Oceans and Fisheries has reported that the four national refiners - S-Oil, SK Innovation, Hyundai Oilbank and GS Caltex -
VLCC rates top USD100,000/day with Unipec fixtures VLCC rates hit a new year-to-date high as China's Unipec fixed a higher-than-usual number of tankers ahead of the week-long National Day holiday. The Baltic Exchange on 2 October assessed the benchmark Gulf-Far East rate at Worldscale 87, or USD104,256. That was more than nine points, or almost
Korea EXIM to inject more funds into Sungdong Shipbuilding Despite criticisms over underestimating troubled shipbuilder Sungdong Shipbuilding & Marine Engineering, the Export-Import Bank of Korea has pledged to provide up to KRW420 billion (USD357.7 million) in funding to the latter until 2019. This year alone, the bank will provide KRW260 billion in
Denmark to present Hong Kong Convention road map early 2016 The Danish government will present a road map regarding the IMO's Hong Kong Convention that concerns ship recycling early next year, said Berit Hallam, deputy head of division at the Danish Ministry of Environment and Food. A number of issues need to be clarified before the government can go ahead
JBIC to fund IMC's multipurpose vessels at Oshima Export credit agency Japan Bank for International Cooperation (JBIC) and its syndicate partners will provide finance of up to USD120 million for four multipurpose vessels that Singapore-based IMC Holdings Limited is building at Oshima Shipbuilding. These loans are co-financed with Citibank Japan
Owner highlights need for ratification of Hong Kong Convention Governments have been urged to ratify the IMO's Hong Kong convention on ship recycling to simplify the process of responsible recycling of ships for owners, by Thomas Martinussen, head of legal affairs at the Clipper Group. His company, which owns and operates a large bulker fleet, recycled a 9,000
CMA CGM claims first for 'connected' box ship France's CMA CGM has claimed that its new 18,000 teu vessel, CMA CGM Bougainville, is the first container ship in the world to be equipped with new technology turning its payload of containers into "smart connected objects". The group said that the system it had installed on board the vessel
Lifesaving gear abundant on missing El Faro The 33 crew members on board missing container ship El Faro had access to ample lifesaving equipment when the vessel went missing, the ship's owners have confirmed. The ABS-classed, 1974-built ro-ro vessel was last heard from at 07.20 EST on 1 October after it began taking on water while in the
Bangladesh recyclers face challenges Recyclers in Bangladesh will face major challenges to enter the EU list of approved ship recyclers, said Emilien Gasc, Directorate-General for Environment policy officer at the European Commission. "There will be major issues that they [Bangladesh recyclers] need to deal with to enter the EU list
Republic of Marshall Islands Registry opens doors in Manila The Republic of Marshall Islands (RMI) Registry has opened its 27th branch in Manila, the Philippines, in support of its burgeoning client bases comprising owners, operators, and industry stakeholders. "Opening an office in Manila is a natural fit for the registry, as more than 35% of seafarers
Danish Maritime Days kicks off with sustainable shipping seminar Danish Maritime Days, now in its second year, will kick off in Copenhagen, Denmark, on 5 October with a seminar on sustainable shipping. At the same time, a trade show under the Danish Maritime Fair name that is part of the series of events under the Danish Maritime Days banner opens as well.
Hydrographical survey begins in Malacca and Singapore straits A joint hydrographical survey in the straits of Malacca and Singapore will be started on 6 October 2015 as part of the 8th Co-operation Forum being held in Singapore on 5-6 October. The hydrographical survey will be jointly conducted by three littoral states - Indonesia, Malaysia, and Singapore -
Commissioner Vestager backs global alliances as shippers question benefits Europe's competition chief says consortia deliver efficiencies and economies of scale that could not be attained by individual lines
Two Danish class actions against OW Bunker on hold Retail investors waiting on institutional investors formally to file suit prior to proceeding with own case
El Faro assumed sunk, says USCG Three US Coast Guard cutters and three commercial tugs are focusing on two areas with debris for possible survivors
Eletson inks LR2 orders at SWS Greece-based owner eyes eventual replacement of older units
Updates: USCG search for El Faro USCG press conference: 'assuming vessel has sunk'
D'Amico eyes joint venture tanker opportunities in Asia Inorganic growth through joint ventures in Asia looks to be on the horizon for Milan-listed product tanker owner
New hires conclude Lloyd's List investment drive Two new reporters boost our global news team
Handies continue slide as China's Golden Week kicks off BHSI eases to 12-week low despite some strength shown in Southeast Asia and Mediterranean trades
Es Sider hit by Islamist attack Calls at Libyan port moderate risk, Dryad argues
Steamship Mutual to confirm El Faro entry Further debris found as search for missing ro-ro continues in Caribbean
Winter season service cuts begin More action needed to reduce capacity, says Drewry
Marshall Islands Registry surpasses 125m gross tons Growth marks 25% rise in tonnage since January 2014's 100m gross ton mark
Mitsui OSK Lines takes over world's largest FSRU project Uraguay project's FSRU is now being built at DSME's yard and is expected to commence operations in mid-2017
End in sight for EU box line price signalling probe Exclusive: Settlement could bring an end to GRIs as lines told to publish actual freight rates
Rolls-Royce cuts 400 marine business jobs Additional job losses come after the company announced plans earlier this year to axe 600 positions
Farstad adds five to North Sea lay-up fleet Around 100 offshore employees to lose jobs
Teekay Offshore and Teekay LNG declare quarterly cash distributions Teekay Offshore increases cash distribution by 4% while Teekay LNG distribution remains unchanged
Aker Philadelphia starts construction of two Aloha Class containerships for Matson The two 3,600 teu vessels will be the largest containerships ever built for the US Jones Act trade
Low-sulphur limits need to be enforced, urge Danish shipowners Ignoring sulphur emission control area requirements will impact the competitiveness of Danish vessels, owners say
Incat wins a fourth Mols-Linien vehicle ferry order New catamaran will hold up to 1,000 tonnes of cargo, or 1,000 passengers and 417 cars
Panama Canal faces transit backlog Measures for super-sized vessels are being taken to cut waiting times
Important partners The relationship between class and the regulators is likely to become even closer
Late hours at DCs may be key to resolving NY-NJ port congestion As the Port of New York and New Jersey tries to reduce chronically long lines for the 86 percent of its containers that move by truck, there are growing cries to extend gate hours. But there's a problem - many distribution centers aren't open late to receive the cargo. "We run...
Suit challenges Mississippi River pilots' pay raises The Louisiana Chemical Association has filed suit to block raises for two groups of Mississippi River ship pilots that would boost their average annual pay more than $50,000 over four years, to $473,692 in 2019, according to a local report. The association alleges the Louisiana Pilotage Fee Commission violated "a multitude"...
Panama Canal plots logistics expansion The Panama Canal Authority is not only focused on expanding the waterway itself, but also on synergistic ancillary ventures that render the entire system more attractive. The highest-profile project in the ACP pipeline is the 5.3 million 20-foot-equivalent units per year container terminal at Corozal on the eastern bank of the...
Deepening project to allow Tauranga to handle larger ships begins The fast-growing port of Tauranga has begun widening and deepening its shipping channels to handle larger vessels after a more than four-year court battle over the project. The dredging, scheduled for an August completion, is the capstone to a $225 million project to help the port cope with an expected 17...
Volume at major Japan ports shrinks on domestic, global uncertainty Port of TokyoAll but one of Japan's five biggest ports saw their international container traffic shrink in the first half of this year amid growing economic uncertainty at home and abroad. The situation is likely to continue an economic slowdown in China, Japan's largest trading partner, and other emerging markets takes...
High inventories to dull, not destroy intermodal peak season Not since the Great Recession has the inventory to sales ratio been as high as it is today. Even in 2006, when upwards was the only direction, the inventory-to-sales ratio wasn't this high. So either a correction is necessary, or something has changed to allow such a phenomenon to persist....
Search for El Faro crew continues after body found A Coast Guard MH-60 refueling at sea during the El Faro search.A body of one crew member of the TOTE Maritime cargo ship El Faro has been found, the Coast Guard said, and the search continues for the remainder of the 33-member crew of the vessel, which sank during Hurricane...
Santos Brasil wins extension, $324 million investment to follow Santos Brasil by 2047 plans to invest $324.4 million to allow the Tecon Santos terminal to handle larger ships and boost capacity by one-fifth after South America's biggest container terminal operator received a 25-year concession extension at the busiest container gateway in Latin America. Shippers stand to gain the most from...
Coast Guard says El Faro sank; search for crew continues The U.S. Coast Guard said the TOTE Maritime cargo ship El Faro sank off the Bahamas during Hurricane Joachin, but that the search continues for the 33 people on board. Coast Guard Chief Petty Officer Jon-Paul Rios said the Coast Guard and the ship's owner concluded Monday that ship had sunk,...
New booking system aims to eliminate Manila congestion Container trucks are confined to single lanes on Manila's congested main roads.HONG KONG - A container booking system has gone live at Manila International Container Terminal in what port operator International Container Terminal Services Inc. believes will avoid a repeat of the chronic congestion that brought operations to a standstill...
TNT says profit down on volatile China, Brazil markets - but bullish on FedEx takeover LONDON - TNT Express said its third-quarter operating profit will be "materially lower" than last year due to economic volatility in China, Brazil and Australia. But the Dutch parcels company played down reports that European Union regulators could block its 4.4 billion euros (4.9 billion) acquisition by its larger U.S. rival...
Poste Italiane IPO set for next week LONDON - Poste Italiane, Italy's state-owned postal company is expected to start selling shares in its initial public offering next week and make its debut on the Milan stock exchange at the end of October or early November. The Italian government is aiming to raise around 4 billion euros ($4.5 billion)...
Adani Ports signs deal to run Kattupalli Container Terminal Kattupalli International Container TerminalAdani Ports and Special Economic Zone, which operates India's biggest non-government port complex at Mundra, is rapidly expanding its container-handling footprint to create a pan-India terminal network. The port infrastructure conglomerate said it has signed an agreement to manage and operate the Kattupalli International Container Terminal, a new,...
APM Terminals eyes Mexico expansion Cranes arriving at APM Terminals Lazaro CadenasLONDON - APM Terminals confirmed its interest in expanding its presence in Mexico as it starts the countdown to the opening of a container terminal at the port of Lazaro Cardenas on the country's Pacific coast. A.P. Moeller-Maersk Group's port unit has taken delivery of...
Cargo migration to US East Coast a long-term trend, Drewry says August imports through the Seattle-Tacoma port alliance soared by 22 percent year-over-year.HONG KONG - U.S. West Coast ports are expected to claw back market share lost to the East Coast during the congestion earlier this year, but the longer term trend is for cargo to migrate to the east, Drewry...
New booking system aims to eliminate Manila congestion Container trucks are confined to single lanes on Manila's congested main roads.HONG KONG - A container booking system has gone live at Manila International Container Terminal in what port operator International Container Terminal Services Inc. believes will avoid a repeat of the chronic congestion that brought operations to a standstill...
Debris from missing El Faro found, but no crew or life rafts A Coast Guard aircraft searches for the missing El Faro container ship near the eye of Hurricane Joaquin.Coast Guard search-and-rescue teams have located debris that appears to belong to the ro-ro container ship El Faro, which has been missing in the eye of Hurricane Joaquin since Thursday, but there remains...
Panama bunker sales surge Panama recorded a 36.8% increase in bunker sales in August, the latest month for which data is available.
Panama joins Tokyo MOU The world's largest flag state has joined the Tokyo Memorandum of Understanding (MOU).
Coast Guard: El Faro sank The US Coast Guard says it believes a missing TOTE Maritime ro-ro sank in the Bahamas after its distress call late last week, but the search for the vessel's crew continues.
RBD Armatori assets seized Italy's finance police have seized assets worth around EUR 29m ($32.5m) that belong to the Bottiglieri family.
Bottiglieri assets seized Italian police take property owned by Naples-based shipping family over tax evasion.
Fatal errors Two seafarers died in the hold of a Carisbrooke Shipping cargoship because they failed to follow enclosed-space procedures, an accident report has found.
Coast Guard: El Faro sank The US Coast Guard has confirmed that the TOTE Maritime ro-ro EL Faro sank after its distress call late last week.
Frontline leads tanker rally Frontline led a rally in tanker equities today fuelled by VLCC rates hitting $100,000 per day.
EC decision pending Conference in Copenhagen hears European probe into price fixing set to rule imminently.
Container full of coke Mexican authorities find 168kg of drugs on Bernhard Schulte-managed boxship.
Frontline leads tanker rally Frontline led a rally in tanker equities today fuelled by VLCC rates hitting $100,000 per day.
NileDutch starts string West African specialist NileDutch is launching a new boxship run from the eastern Mediterranean.
TTA gets into property Thoresen Thai Agencies has bought into a property company at the same time as its chief executive took a slice.
'Debris' discovery in ro-ro hunt More items have been discovered in the search for a missing TOTE Maritime ro-ro in the waters of the Bahamas.
Helsinki chases Finnlines Finnlines is facing legal action from the port of Helsinki, which is seeking a court order against its subsidiary Finnsteve.
ARS wins bulkers Argentinean shipbuilder Astilleros Rio Santiago (ARS) has clinched an order for four bulkers from a domestic owner, with more to follow.
Glovis in $500m deal South Korean owner wins contract for the shipment of aggregates from UAE and Oman to Qatar.
Distressed Daiichi not the last Pacific Basin says other owners could enter difficult territory if dry downturn continue.
MOL focuses on fires MOL of Japan has launched a fire safety campaign on its vessels.
Korean pain to continue Analysts in Asia are expecting another tough quarter for South Korean shipbuilders at a time when Chinese and Japanese rivals have outpaced them in terms of new orders.
Stifel raises rates view Bank ups fourth quarter estimates for largest crude and products tankers, sees stocks climbing.
Jumeirah makes debut Singapore offshore start-up orders first diving support vessel in China.
MOL seals new FSRU deal Japan's MOL has reached an agreement to continue a floating storage and regasification unit (FSRU) project off Uruguay.
Cruise orders at record New phase of investment driven by potential in the east, Clarksons Research says.
Ince promotes Quandt in Hamburg Ince & Co has promoted Dr Christopher Quandt as a new partner in its Hamburg office.
P&O in record quarter P&O Ferries has reported its best single quarter since 2003 despite ongoing turmoil in the English Channel during the summer.
Party like its 2008 As VLCC spot rates hit six figures for the first time since 2008 analysts struck a bullish note while noting the $100,000 per day level may not last for long.
Rolls-Royce axing 400 Marine systems group to lay off more workers in addition to 600 redundancies in May.
Solid month for Tallink Tallink has seen its passenger volumes grow by nearly 7% for the second consecutive month.
Focus on shipping just as fierce as we prepare for next 25 years
Full exposure As TradeWinds turns 25 today relive some of the photographic highlights of the past quarter of a century.
Marshall flag grows 25% The Marshall Islands (RMI) ship register has grown 25% since the start of 2014.
Eimskip adds one Icelandic container line Eimskip will bring in an extra ship to add port calls in Denmark, Sweden and Poland.
Subsea 7 spends again Offshore owner Subsea 7 has spent another $10m on its convertible bonds.
Conti bulker arrested German shipowner Conti has seen one of its modern bulkers arrested in Singapore, latest court documents show.
NYK bulker in US spill A Japanese handysize bulker has reportedly spilled over 1,000 gallons of diesel fuel after colliding with a pier in Oregon.
Mols-Linien goes to Incat Australian fast ferry specialist secures large ship order from Danish ferry operator.
TOTE finds El Faro box TOTE Maritime says a container found earlier today appears to come from the ro-ro that went missing on Thursday during Hurricane Joaquin.
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.
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