Maaskant builds cutting-edge sustainable dredger Damen Maaskant Shipyards Stellendam is building an innovative suction dredger for Dutch fishing co-operative YE 118 Noordland. The Noordland, a 43 m-long dredger, will harvest razor clams from the seabed using a 30 m-long suction pipe. The yard is also fitting the vessel's generators and propulsion
Paragon resumes covenant waiver talks With rates at historic lows and asset pricing depressed, public dry bulk companies such as Paragon Shipping are entering another round of negotiations with their lenders on loan covenants. On 8 June NASDAQ-listed Paragon confirmed it had agreed with some of its lenders to defer quarterly
Swire, Rickmers-Linie team up for India/Oceania service Multipurpose liner operators Swire Shipping and Rickmers-Linie have agreed to offer a joint monthly project and breakbulk service from India and the Middle East to the South Pacific. The new offering is based on connecting calls of both carriers at Singapore, where cargoes will be transloaded.
Dae Sun Shipyard wins eco box ship order South Korea's Busan-based Dae Sun Shipyard has been contracted to build a single container vessel by compatriot owners. The 1,800 teu eco container vessel has been ordered by Dongjin Shipping, with delivery expected in early 2017. The vessel is designed to enter the draft-restricted port of
Yang Ming bulker arm hopes for better financial figures Kuang Ming Shipping, the bulk shipping arm of Taiwanese carrier Yang Ming Marine, expects better performance in the second half of 2015, said its chairman at the shareholders' conference on 8 June. The company admitted that the current bulk shipping market is sluggish but insists it has a great
Bintulu Port foresees softer market ahead Malaysian port operator Bintulu Port Holdings expects a softer market in 2015, due to the seasonal and cyclical factors of the respective industries in the market. Bintulu is Malaysia's main LNG port. "Nonetheless, LNG vessel calls and cargoes will still remain as the main revenue contributor to
China's bulk cargo imports down The majority of China's major bulk cargo imports declined year-on-year in the first five months of 2015, according to statistics published by Chinese customs on 8 June. From January to May, China's coal imports slumped 38.2% y/y to 83.3 million tonnes, with average prices down 20.2% y/y to
Tanjung Offshore pledges to address anomalies found by audit Malaysian offshore oilfield services provider Tanjung Offshore has pledged to fix 'weaknesses' identified by a forensic audit. The recommendations were highlighted by Ferrier Hodgson's forensic audit report that began on 20 March 2015. The
China ferry disaster: 431 confirmed dead The death toll from the passenger ship that capsized in the Yangtze River has climbed to 431, according to data released by the authorities. Only 14 survivors have been found so far, while another 10 remain missing, according to the rescue headquarters in Jianli, central
Fredriksen cuts stake in Frontline Tactical move presages sweeping change to Fredriksen empire as scale becomes crucial for tankers
Paragon delays three kamsarmax newbuildings as dry bulk woes persist Cost control helps Greek owner reduce loss
Svitzer targets Malaysian towage market with new joint venture Expansion part of long-term growth plan
Asia-Europe volumes down in April But trade finally begins to pick-up post-Chinese New Year
Rising costs and overcapacity will hit box carrier profitability But despite challenging times and low rates, the first quarter of 2015 was the most profitable in four years
Nor-Shipping 2015: Inmarsat targets new type of customer Russian accident report likely to ease fears of long delay of Global Xpress launch as Inmarsat targets companies seeking masses of vessel monitoring data
Jordan debuts as LNG importer as gas gains ground in energy LNG shipping may have to wait a few years for all the new global developments to bear fruit
HHIC sells assets to pay off debt South Korea shipbuilder will raise short term debt to help pay off bond coming due
Critique of containership overinvestment resonates as rates collapse 'Gamble' of rush to buy big boxships for Asia-North Europe leaving owners with an empty hand
View from the Bridge: Karl Gernandt Kuehne+Nagel's chairman wants carriers to remember the business they're in
Dae Sun nabs another order for eco-design boxship Feedership design is intended for ease of access to Bangkok's port
China sets up new shipping regulations to promote free trade zones Beijing is liberalising its cabotage restrictions in all the FTZs
Swire and Rickmers to launch breakbulk partnership Move will connect Swire's Middle East and Australia Pacific networks via Singapore
Greek ferrymen braced for new shock Recovering sector wary of 'disaster' if VAT rates rise at behest of Greece's creditors
Class societies question the need for Japan's MOL Comfort response Proposals to be submitted to IMO this week are too late and superfluous as new industry structural-strength rules well advanced, say prominent IACS members
Careering around the oceans Would you encourage your son, or daughter for that matter, to take up a career at sea?
Teamsters, US car-haulers start national contract talks The Teamsters union and U.S. car-hauling trucking companies are preparing to negotiate a new multi-year contract at a time when the automotive business, and car-hauling, is booming. The union and management group exchanged proposals last week and will start negotiations on the National Master Automobile Transporters Agreement June 10, the Teamsters...
North America-Mediterranean carriers face growing trade imbalance Declining U.S. exports are offsetting U.S. imports and confronting container lines with tough decisions in the Mediterranean-North America trade. U.S. containerized imports from the Mediterranean fell 1 percent year-over-year in April and rose 0.5 percent in the first four months of 2015, while export volume plunged 14 percent in April and...
Feds asked to prevent alleged illegal ILWU chassis inspections Chassis leasing companies and California truckers are asking federal agencies to act quickly to prevent what they say are illegal chassis inspections by the International Longshore and Warehouse Union at U.S. West Coast ports. "We've definitely seen an uptick in these unnecessary inspections since the contract was ratified last month," said...
Investment to fuel RoadOne IntermodaLogistics expansion RoadOne IntermodaLogistics will expands its services and footprints for both domestic and international business after receiving a substantial investment. Tritium Partners, an investment firm out of Austin, Texas, has invested an undisclosed amount into the Baltimore-based national intermodal, distribution and logistics services company. RoadOne President and CEO Ken Kellaway said Tritium's...
Terminal operator HHLA orders modern gantries for Hamburg Port of Hamburg terminal operator Hamburger Hafen und Logisitik AG has ordered two new container gantry cranes for its Container Terminal Tollerort in preparation for the next generation of mega-ships. The new cranes are designed to handle container ships with a capacity of 20,000 20-foot-equivalent units, stretching across 24 container rows,...
Swire, Rickmers-Linie form India, Mideast partnership Swire Shipping, the liner shipping division of China Navigation, is teaming up with Rickmers-Linie, the breakbulk and heavy-lift carrier, to enhance services in India and the Mideast. A connecting carrier partnership will allow Swire to link breakbulk and project cargoes in India and the Middle East, through Rickmers-Linie operations, to its...
Greener ports for a greener future Cleaning up shipping and its emissions is a hot topic, pushing the whole industry and its regulators towards a greener future. Since January, the latest regulations require shipowners to use low-sulphur fuel oils in emission control areas or to retrofit their vessels with scrubbers or use alternative energy sources. Emission limits...
Port Manatee seeks to mirror the growth of Port Everglades Carlos Buqueras says Port Manatee on Tampa Bay reminds him of Port Everglades, Florida, more than 20 years ago. "I recently pulled out a Journal of Commerce article from 1993 that referred to Everglades as primarily a bulk port. Look how it's changed," said Buqueras, who became Port Manatee's executive...
US intermodal volume outpaces carload traffic For the first time on record, monthly intermodal traffic has exceeded carload traffic on U.S. rails, due in large part to a soft industrial economy. U.S. railroads moved 1,085,968 containers and trailers last month, up 3.8 percent year-over-year, according to the Association of American Railroads. A boost in intermodal traffic wasn't...
Indictments, jail terms underscore cargo theft threat As U.S. economic activity picks up, cargo thieves are trying to suck up or siphon off as much freight as possible. A U.S. court recently sent three Miami-area men to prison for taking part in a multi-million-dollar cargo theft ring that targeted retail medicines and other products. The May 29 sentencing...
Russia looks to Far East for container volume growth ST PETERSBURG - Far East ports, such Vladivostok and Khabarovsk, will drive Russian container volume growth, as trade between Russia and China grows through greater economic cooperation, according to new government forecast out of Moscow. In terms of overall Russian container volume, the share of traffic through Far East basin ports...
Norfolk Southern names largest train classification yard for Wick Moorman NORFOLK, VA - Norfolk Southern Corporation (NYSE: NSC) is naming its largest freight train classification yard after Charles W. "Wick" Moorman for his leadership in support of freight railroads and their investors, customers, and employees. "Moorman Yard" is now the official name of Norfolk Southern's Bellevue, Ohio, yard. Moorman retired June 1, 2015,...
Eurotunnel sells cross-Channel shipping business to rival DFDS LONDON - Eurotunnel, the operator of the subsea rail link between the U.K. and France, has sold its ferry operation to rival carrier DFDS a year after British regulators demanded its withdrawal from the cross-Channel route. The Paris-based company said it had accepted a binding offer from the Danish line for...
Globe Express Services appoints Mustapha Kawam as President and CEO Board of Directors of Globe Express Services has recently appointed Mustapha Kawam as President and CEO of Globe Express Services. Kawam joined Globe Express Services in 1995 and has held a wide range of leadership positions in the company. Since 2009, he has served as Managing Director - Gulf States...
IATA's 71st Annual General Meeting commences Miami - The International Air Transport Association (IATA) opened its 71st Annual General Meeting (AGM) and World Air Transport Summit in Miami, Florida, with more than 1,000 industry leaders and media in attendance. The meeting is being hosted by American Airlines, FedEx, UPS and Airlines for America (A4A). "We are excited...
Brazil's footwear firms seek Italian toehold Brazilian shoe manufacturers are this month eyeing up export opportunities to Italy, with the national footwear association mounting an expedition to Lake Garda in an effort to find markets. With the backing of the Brazilian Agency for the Promotion of Exports and Investment, the national footwear association Abicalçados is coordinating the...
Euro's slide breathes new life into European 3PL sector Europe's normally low-key logistics sector is suddenly hitting a high note, as a flurry of billion-dollar acquisitions kick-starts the long-stalled consolidation of a fragmented industry. U.S. companies are playing a key role in the makeover as they capitalize on the euro's steep, yearlong slide against the dollar to snap up European...
Sharp Electronics names Southeastern 2014 LTL Carrier of the Year LEXINGTON, S.C. (June 8, 2015) Southeastern Freight Lines, the leading provider of regional less-than-truckload (LTL) transportation services, has been recognized for its outstanding service performance as the 2014 Sharp LTL Carrier of the Year by Sharp Electronics Corporation, a manufacturer of unique electronic products and solutions. This is the third year for...
Safe sinks into red Safe Bulkers reported a larger-than-expected first-quarter loss as the New York-listed shipowner's revenue plunged by 22.2%.
Bulker aids stricken boat A Greek-controlled bulker aided a disabled sailing vessel off the US east coast as the boat's passengers awaited help from the US Coast Guard.
US export momentum grows Crude tanker markets could benefit if growing momentum for US energy reform succeeds in opening more exports, according to analysts at Evercore ISI.
Chinese work for Diana Diana Shipping of Greece has secured an improved daily rate for one of its panamaxes.
Six in, five out Bangladesh Shipping Corporation (BSC) has won government approval for a new six-ship order while lining up five vessels for scrap.
Vard gets new client Vard Holdings has kicked off its collaboration with Kreuz Subsea of Singapore with an order for one diving support and construction vessel.
Double boost for Paragon Paragon Shipping has secured an agreement with lenders that has seen it return to compliance with its loan covenants.
Can't get the staff Lithuania's Western Baltija shipyard is being forced to look overseas for more expensive workers due to a dearth of skilled staff at home.
Ceres talk cooled Rumours circulating in the shipbroking world that Peter Livanos had sold four medium range tankers to Sinokor appear to have stemmed from a misunderstanding.
Svitzer expands in Asia Svitzer is looking to secure its footprint in Malaysia by joining forces with a local marine service provider.
Saverys ups Hanjin series Alexander Saverys fronted CMB has grown its footprint in the boxship market with a double newbuilding order, sources believe.
IHB ups earnings Shipbuilder and bulker owner Industrial Holding Bulgaria (IHB) has seen profit jump in the first quarter as revenue increased.
India gets white flag The Paris MoU has allowed India to join the list of white flag nations, while the overall number of top-rated flags decreased.
Laid-up ship raided Panamanian naval forces have arrested a gang who boarded a laid-up general cargoship off Colon.
Eimskip's patience ending? Icelandic owner Eimskip is to make a final decision this summer on whether to cut its losses on a Chinese boxship newbuilding delayed by three years.
Stopford's 50-year view As the curtain came down on the 50th anniversary of Nor-Shipping Clarksons Research veteran Martin Stopford was asking what the industry may look like 50 years from now.
Fugro heads to Alaska Dutch owner Fugro has won a big offshore oil and gas contract in Alaska.
China's crude cut-back Official figures have shown a fall of nearly 25% in Chinese crude imports, adding to worries linked to oil over-supply.
Swire pens MPP deal Swire Shipping and Rickmers-Linie have announced a new collaboration in the multipurpose sector.
Tanker prices to close gap JP Morgan has tipped tanker asset values to close the gap on the strong crude and products spot markets.
Susitna future clouded A US local authority must decide whether to repair a laid-up $78m ferry after rain soaked its equipment.
Bombs disrupt ferries Ferry sailings were cancelled after two massive unexploded World War II bombs were discovered on a Calais beach.
CSG cuts Haisheng stake A healthcare group has become the new largest shareholder in Chinese tanker and bulker owner China Shipping Haisheng.
Vroon fixes out feeder Vroon has wasted little time securing employment for a feeder containership recently acquired at auction.
DFDS bids for ro-pax duo DFDS says it has submitted a binding offer to Eurotunnel for the charter or purchase of two former cross Channel ferries.
Odfjell opts for retrofits Odfjell is refitting a series of chemical tankers in an effort to optimise propulsion efficiency and lower fuel consumption.
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