East-West shippers see sharp decline in contract rates
G6 Alliance announces Asia-North America winter program
IMO only place for global debate on shipping & climate change, says Secretary-General
Malaxar Shipping & Logistics offers a range of consultancy & training services
NYK takes delivery of new coal carrier
Flour mill in TN imports significant quantity of wheat from Oz
APM Terminals Mumbai's 'Go Green' initiative teams up with CISF for tree-planting project
Govt to set up 'waterport' hubs to speed up Indo-Bangla ex-im trade
Krishnapatnam Port Golden Eagles Golf Championship sees enthusiastic participation from shipping & logistics fraternity
National Sagarmala Apex Committee meeting deliberates on improving operational efficiency of Major Ports, coal transportation potential through coastal shipping
Paradip Port handles record 36.06 mt in H1
Transporters call off strike after meeting Gadkari
Merchant shipping rejects formal role in migrant rescues The head of the Danish Shipowners' Association has warned Europe's politicians that merchant shipping must not be seen as central to the rescuing of refugees in the Mediterranean. "We will always do our part -- it is in our DNA -- but it should not be part of long-term solution," said Anne H
Piraeus privatisation pushed back The Greek government has had to postpone the sale of a majority stake in Piraeus, its largest port. The privatisation of the port was a requirement of the third bailout agreed with the country's creditors. However, the recent national elections slowed down work at the ministries of shipping and
Damen takes over specialist voyage repairer Damen Shiprepair & Conversion (DSC) has acquired fellow Dutch shiprepairer D. van de Wetering, which claims to be one of the oldest ship repairers in Europe with a history going back to 1880. DSC said today that it had closed the D. van de Wetering yard in Rotterdam's Eemhaven on 5 October and
HMM divests dry bulk units and terminals Hyundai Merchant Marine (HMM) will securitise its dedicated bulk services and overseas terminals in another effort to boost its liquidity. South Korea's second biggest shipping company said in a Korea Exchange on 6 October that it would divest its dedicated dry bulk shipping businesses and Hyundai
Trade deal hoped to tip Australian trade deficit Australia's key industry players are reserving comment on the Trans Pacific Partnership (TPP) trade deal clinched overnight in Atlanta, Georgia, until details are released. However, a last-minute sweetener opening the doors to Australian sugar exports, along with concessions on pharmaceuticals, was
Analyst predicts bright outlook for Hyundai Mipo Growing seaborne trade in oil products will generate demand for product tankers, auguring well for Hyundai Mipo Dockyard, an industry analyst has asserted. HMD, a mid-tier South Korean shipbuilder, specialises in product tankers and medium LPG carriers. In recent months, d'Amico and Scorpio
Epic Gas wins financing for newbuildings Singapore-based LPG ship owner Epic Gas announced today that it has secured USD120 million from a syndicate of banks to finance its remaining seven owned vessels under construction. ABN AMRO Bank, Credit Agricole Corporate and Investment Bank, and NIBC Bank are providing the funds, which will cover
Tokyo court approves Daiichi Chuo rehabilitation Struggling Japanese bulker operator Daiichi Chuo Kisen Kaisha was given the green light by the Tokyo District Court to start civil rehabilitation on 5 October. The company applied for civil rehabilitation on 29 September after four consecutive annual losses. Unlike restructuring that is led by the
Hyundai Glovis to ship aggregates for Qatar Hyundai Glovis has won a KRW508 billion (USD500 million) contract of affreightment with Qatar Primary Materials Company. Hyundai Glovis, the shipping arm of Hyundai Motor Group, told IHS Maritime that the contract requires it to ship 50 million tonnes of aggregates from the United Arab Emirates and
Search continues for El Faro survivors Rescue crews have stopped looking for El Faro but continue their search for survivors four days after the cargo ship ran into Hurricane Joaquin. "We're assuming the vessel has sunk in its last known position" in the Bahamas, US Coast Guard Chief of Response Mark Fedor said on 5 October. Fedor said
Bulk carrier detained in Singapore Portugal-flagged bulk carrier Alexandrit was arrested in Singapore on 2 October under the instruction of local law firm Oon & Bazul. The reason for the arrest was not known. The ship was detained on 2 October at 17:45 h local time, based on Singapore Supreme Court records. IHS Maritime's
Oakland terminal lands EPA grant Green initiative will see yard equipment at TraPac facility retrofitted with cleaner diesel technology
New heights for MSC in Valencia Eight STS cranes set for upgrade in anticipation of 19,000 teu ships
Spot market volatility brings rationale of Asia-Europe contract rates into question Concerns raised over how spot market customers have been outperforming beneficial cargo owners for much of 2015
Global schedule reliability picks up On-time performance in August reaches highest level since 2013
Panamax outlook still positive Employment opportunities still available in smaller trades, says Clarksons
HHLA lowers outlook Earnings target reduced as throughput slows
NYK to exit Australia box trades Move to exit by mid-2016 will spark reorganisation
Odfjell appoints new head of tankers Appointee has successfully led Odfjell's cost cutting programmes
Maersk returns to MHI for waste heat recovery systems in next generation boxships Technology was previously installed on Maersk Line's Triple-E series containerships
Baltic Exchange working to replace panamax with kamsarmax index Industry trend of upsizing vessels lead exchange to amend assessments
Finland's Gasum scraps LNG import terminal project Initiative proved unfeasible from a commercial standpoint
Rotterdam closes ECT Home terminal Port's oldest container facility left behind as bigger boxships require deeper docks and larger cranes
Russian Direct Investment Fund starts new dry cargo project at Taman Black Sea port to gain extra capacity of 100m tons per year
Hyundai Glovis inks $500m contract with Qatari state-run company Deal calls for shipping pebble and sand from UAE to Qatar
US truck driver shortage set to quadruple by 2024, ATA warns The shortage of truck drivers increased by 10,000 over the past year, and is on track to quadruple to 175,000 by 2024, according to a report released Tuesday. Most applicants for truck driving jobs are "under-qualified," the American Trucking Associations said. The ATA report claiming the driver shortage has hit 48,000 is...
Container lines' on-time performance best since November 2013, SeaIntel says Four out of five ships operated by the world's 20 largest container lines arrived in port on time in August, the best performance since November 2013, SeaIntel Maritime Analysis said in its Global Liner Performance report. Schedule reliability for the 12,074 vessel arrivals tracked by the report hit 80.8 percent, an...
Orbcomm expands into ocean container tracking with acquisition An Orbcomm tracking device on a chassis.Orbcomm, a technology company with a focus on asset tracking, has purchased WAM Technologies as it seeks to bolster its maritime presence. WAM specializes in remote wireless management and control of refrigerated containers. Their solutions allow shippers to monitor the location and temperature of a...
Employee motivation key amid labor shortage The annual September meeting of the Council of Supply Chain Management Professionals has a reputation as an event where logistics geeks gather to discuss topics that are so cutting-edge only industry veterans can understand what the speakers are saying. Yet two keynote speakers discussed a topic that is so basic, and...
El Faro search continues as investigation begins A Coast Guard member carries a life ring of the El Faro. Searchers are combing the Atlantic today in the fast-dwindling hope of finding survivors among the 33 persons who were aboard the TOTE Maritime cargo ship El Faro, which sank five days ago during a Category 4 hurricane off...
'End of an era' as Rotterdam's oldest container terminal closes ECT City Terminal, Port of RotterdamLONDON - The oldest container terminal in Rotterdam, ECT City Terminal, has closed after nearly fifty years, because it can't handle the ever-larger vessels calling at Europe's top container port. The CMA CGM Sambhar was the last vessel to call at ECT City, once the world's...
HHLA trims profit forecast on shrinking Hamburg container traffic HHLA HamburgLONDON - HHLA, Hamburg's leading terminal operator, has downgraded its 2015 earnings forecast in response to declining traffic at Germany's top container port. The company now expects an operating profit "in the region of" 150 million euros ($168 million), down from a previous forecast that it would match the 169.3...
Panamanian ports eye more transshipment Manzanillo International Terminal, PanamaWith annual volume up in the mid-single digits, the pivotal question Panamanian terminals must answer is whether the expanded canal will create new transshipment volume. There is a huge expectation of growth, but also "a lot of uncertainty in terms of how the shipping lines will capitalize on...
Rise in West Coast dockworker hours highlights terminal productivity pressures Longshoremen at work in the Port of Seattle.Container volumes handled by West Coast ports are returning to historical levels, but the weekly manpower requirements for handling the containers is about 15 percent higher than in the past. That suggests terminal operators are struggling to adjust to the complexities caused by...
China slowdown casts shadow over TPP trade deal After five long years, representatives from 12 countries in Asia and the Americas finally reached a deal on the ambitious Trans-Pacific Partnership free-trade pact. Photo: U.S. Trade Representative Office.HONG KONG - China's slowdown is causing jitters at the highest business levels with excitement over a deal reached on the Trans-Pacific...
US budget extension threatens port funding WASHINGTON - U.S. lawmakers may have avoided a government shutdown last week, but the temporary funding bill that bought Congress 10 more weeks has left important port construction projects and ports' access to federal grants in peril, according to the top U.S. port lobby. Last Wednesday, unable to come to terms...
TOTE plans safety review TOTE Maritime said it plans to hire a maritime firm to carry out an third-party safety assessment following the sinking of its ro-ro last week.
Intermarine confirms Intermarine has confirmed that it struck a deal with China's CSSC Leasing to charter-in six heavy-lift newbuildings.
Siem offer underway Offshore owner's largest shareholder begins takeover bid triggered following summer rights issue.
Think again The US government will have to reconsider rules on ballast water discharge from ships following a court ruling.
NTSB launches El Faro probe The National Transportation Safety Board (NTSB) has sent a team to Jacksonville to start an investigation into the El Faro sinking.
Court clears Daiichi bid Bankrupt Japanese owner wins approval for rehabilitation process; has until 3 February to submit plan.
Two more gone Another North Sea rig has gone into lay-up, increasing the pressure on anchor-handlers.
Cosco in storage score Trafigura is rumoured to have chartered a Cosco-owned VLCC at a time when traders are renewing interest in floating storage contracts.
Havila fixes Jupiter Norway's Havila has found work for one of its two anchor-handlers (AHTSs) still working in the spot market.
Laugfs names its price Sri Lanka's Laugfs Maritime Services has confirmed it paid only $6m for its second Greek LPG carrier.
Zim speeds up Israeli containership owner enhances east Med-north Europe service ahead of busy export season.
Owners bask in VL hot spot VLCC rates continue to go from strength to strength with big name owners enjoying six figure daily earnings.
Master evacuated A CMA CGM captain has been airlifted from his boxship near Reunion after he fell seriously ill.
New Australian head for Maersk Danish group takes on Brett Silich to lead its Oceania offshore vessel operations.
One dead in sinking A seafarer has died after a general cargoship sank in a typhoon off Zhanjiang.
The moment of impact An animation created by Genscape Vesseltracker has shown how an LNGC and a containership collided practically head-on on Tuesday morning.
Criel sells Euronav stock Long-term non-executive director has chased in a chunk of shares in leading tanker owner.
Fotland to lead Odfjell Tankers Odfjell has looked in-house to hire the new head of Odfjell Tankers.
RBD denies asset seizure RBD Armatori says it is unaware of any asset seizure following multiple reports by the Italian press yesterday.
DSA slams EU plan Proposals being put to the European Union to compensate shipowners for picking up migrants in the Mediterranean have been criticised by the Danish Shipowners Association.
Russia's OPEC mission? Crude prices have risen after Russia signalled it may talk to OPEC about the depressed market.
Dolphin wins seismic work Norway's Dolphin has been awarded a new seismic survey contract after redrawing charters with GC Rieber.
BV plots growth path French class society Bureau Veritas is aiming to add EUR 80m ($89.54m) in marine revenue by 2020.
LNGC smash sinks ship Eleven of the 12 crew of the Dutch ship reportedly plucked from frigid North Sea waters.
Rieber takes Dolphin hit Norwegian owner loses $16m in charter fees from early re-delivery of Polar Duke; extends other deals.
Crowley builds navy links Crowley Maritime has won a $130m contract to carry out technical management of five US Military Sealift Command ro-ro/container (ro-con) ships.
Rieber rejigs Dolphin deal GC Rieber Shipping has chopped one charter and extended two others as part of a deal with Dolphin Geophysical.
Tsavliris sees busy quarter Work on a damaged tanker off Tongo proved one of the more difficult salvage operations in what was a busy quarter for Tsavliris Salvage.
Oregon spill cleaned up Crews have completed cleanup of a diesel spill off Oregon but an NYK Line-controlled bulker remains held there amid a continuing investigation.
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