NewLead bullish on dry bulk Greece's NewLead Holdings will be looking for chartering opportunities in the dry bulk market as it attempts to grow its bulker fleet, according to the shipowner's CEO. In an 8 September announcement reviewing the commercial performance of its bulker Newlead Albion, NewLead chief Michael Zolotas
Tanker rates get a boost Divergence in refinery margins between the Atlantic and the Far East is driving both product and crude carrier freight rates, according to shipping analysts at Pareto Securities in Oslo. Crude tanker rates started to move upwards last week, as product tankers fell back from the recent record high
Bulkers sold for high scrap prices as buyers speculate Several ships were sold at high prices from 31 August to 4 September as cash buyers speculated on recovering scrap steel demand. The ships were all sold for recycling in India while weak market fundamentals deterred sales in Bangladesh and Pakistan. While bulkers are getting less than USD300 per
Sweden plans tonnage tax from 1 July 2016 The Swedish government plans to introduce tonnage tax next year after more than a decade of lobbying by the country's shipowner community. "In the Budget Bill for 2016, which is based on an agreement between the government parties and the Left Party, the government will propose the introduction of
NYK wins shipping contract with Hokuetsu Kishu Paper Japan's NYK Line has won a long-term consecutive voyage charter (CVC) with compatriot paper manufacturer Hokuetsu Kishu Paper. The latter imports wood fibre and pulp to make paper. The contract will be serviced by a fuel-efficient wood chip carrier that NYK has ordered at Oshima for 2018 delivery.
Maersk Line cuts 16% West Central Asia-Europe Maersk Line, the container shipping unit in the A.P. Moller-Maersk group in Copenhagen, says it will cut about 16% of its capacity on the West Central Asia-Europe trade lane. "In our continuous effort to provide our customers with an attractive and competitive West Central Asia/Europe network -
APM Terminals buys control of Grup Maritim TCB terminals APM terminals, the Rotterdam-based container terminals unit in A.P. Moller-Maersk group in Copenhagen, says it has acquired controlling interest in the 11 container terminals owned by Grup Maritim TCB in Europe and Latin America. "APM Terminals has reached an agreement with Perez y Cia to acquire
China's coal imports down 31.3% y/y in first eight months China's coal imports fell 31.3% year on year (y/y) to 139 million tonnes in the first eight months of 2015, according to Chinese customs statistics. In August alone, coal imports dropped 7% y/y to 17.5 million tonnes, down 18% compared with July. The average import prices also fell 21% y/y to
China to enhance ship emissions regulations China's Ministry of Transport on 8 September announced a plan to cut SOx emission from ships by 65% in the Pearl River Delta, Yangtze River Delta, and Bohai Sea by 2020. The move, as part of the implementation plan on Special Campaign to Prevent Ship and Port Pollution (2015-20), targets to enhance
CMES, Sinotrans & CSC deny possible merger China Merchants Energy Shipping (CMES) and Sinotrans Air Transportation Development have denied media reports on the possible merger of their parent companies China Merchants Group and Sinotrans & CSC. Local media reported that the merger of China Merchants Group and Sinotrans & CSC seems a
Singapore maritime union: Tripartism key to shipping success The Singapore Maritime Employers Federation (SMEF) believes that tripartism will play an important role in the city-state's shipping industry. SMEF chairman Francis Joseph, speaking at the 60th anniversary of the trade union, said tripartism is a key ingredient in promoting harmonious
Marine employers advised to hire more skilfully Shore-based marine employers should broaden their search, beyond high ranking mariners, to fill managerial roles, said speakers at London International Shipping Week on 7 September. Speaking at Nautilus International's roundtable Shore Enough? Meeting the Demand for Maritime Professionals,
Seafarers' career guidance: Vital but lacking Career advice has been described as the "missing link" for seafaring professions, said speakers at London International Shipping Week on 7 September. According to them, this lack could hurt the health of national maritime hubs, which need seafarers to come ashore to maintain them. Recruiters said
Leaps in technology reduce human interaction The shipping industry will not only employ robotics to make vessels more competitive, but there will also be a reduction in human interaction, according to speakers at London International Shipping Week (LISW) on 7 September. Luis Benito, global maritime marketing director at Lloyd's Register (LR)
Nigeria's ports poised to open door to private sector investment Two new bills aim to decentralise port management in West African country
NNPC has no power to ban tankers from Nigeria Shipowners shouldn't take everything that comes out of the government as gospel, says Shasore
Cracks show in Panama's canal timetable ACP casts fresh doubt over April opening of its third locks project
Lloyd's List party celebrates global expansion in style Industry congregation head to St Paul's Cathedral for the party of London International Shipping Week 2015
Diana Containerships panamax sale falls through Cap Domingo price was strong but deal depended on final approval for buyer
Private equity could target shipmanagement more, says V.Group boss Research shows benefits of outsourcing, but challenges remain. Debate increases on how it will fund growth
Vancouver eyes unsettled Greeks as it increases shipping appeal Canadian hub launches international pitch to industry in London as competing centres converge on Athens
Surge in transpacific trade shows no sign of slowing Imports from Asia climb 12.2% in July, as Pacific ports continue to win back traffic from Atlantic rivals
British shipping sharply critical of EU Tone at Chamber Brexit debate broadly eurosceptic, but not explicitly in favour of withdrawal
Record-high iron ore exports from Port Hedland bearish for capesize rates Arctic Securities points to lower tonne-mile demand as Australian miners take market share from suppliers farther away
Cobelfret's CLdN RoRo orders first pair in 12-ship expansion Hyundai Mipo yard to build two vessels each of 8,000 lane metres capacity
Aronnax: LR's view of the future ship Lloyd's Register view of the future may suggest a revolution, but there is a key characteristic it just cannot drop
APMT to buy Spanish container terminals operator Acquisition will narrow gap between Danish-owned group and world number one Hutchison
Yard Talk | Indonesia's mixed messages on shipbuilding A ban on buying foreign ships may have the unintended consequence of increasing foreign participation
Mitsubishi Heavy to spin off shipbuilding and related businesses Mitsubishi Heavy Industries will hive off its shipbuilding and related businesses into two separate companies
Major port operators launch environmental initiative Global port operators promote environmental awareness and sustainable development in the first industry initiative of its size
Singamas Container buys back shares Company says its stock is consistently undervalued
Baleària to order two LNG-fuelled ferries from LaNaval Vessels will be among the largest ferries in Europe and the biggest so far built in Spain
No summer slowdown for ODFL as shipments, tonnage leap Less-than-truckload shipments poured into Old Dominion Freight Line in July and August, rising 12.9 and 11.7 percent, respectively, from already strong year-ago levels. LTL tons per day increased 7.7 percent and 5.8 percent in July and in August, the company said Sept. 8. At the same time, revenue per hundredweight dropped...
Productivity legislation wouldn't be too costly for ports, Uncle Sam WASHINGTON - While opponents of U.S. legislation that would track port performance at the nation's 25 busiest container ports argue about the feasibility, they'll have hard time arguing it would be too costly for the ports and the federal government. According to the U.S. Congressional Budget Office, it would cost roughly...
Landstar freight volume rises, but revenue per load drops The number of loads shippers handed truckload carrier Landstar System reached all-time highs in July and August, rising 9 percent from mid-2014, the company said. However, revenue per load hauled by Landstar owner-operators dropped 7 and 6 percent in July and August. The steep decline in diesel fuel prices -- which...
Maersk to slash West Central Asia-Europe capacity Maersk Line said it will cut about 16 percent of its capacity on the West Central Asia-Europe trade lane by discontinuing a vessel string in response to lower-than-expected volumes. The carrier's ME5 service, which operates between the Indian subcontinent and ports in the Middle East and Mediterranean, will shut down next...
Gdansk port volume drops by double digits amid expansion DCT Gdansk. Credit: DCT GdanskContainer volume through port Gdansk plunged 16.7 percent year-over-year in the first half, highlighting the broader decline in trade between Poland and Russia as the latter's economy struggles. Traffic at Gdansk's Deepwater Container Terminal fell to 598,960 twenty-foot-equivalent units while in all of 2014, the terminal handled...
Grupo Libra poised to invest in Santos as port authority dispute ends Grupo Libra's Terminal 35 at the Port of Santos.A long-running legal dispute between the Santos port authority and Grupo Libra over unpaid fees is coming to an end, paving the way for the terminal operator to invest $195.3 million in its two facilities at the busiest Latin American container gateway. Grupo...
Jawaharlal Nehru strike flattens Indian port volume growth Container throughput at major public ports in India remained relatively flat in August year-over-year, dragged down by the week-long shuttering of APM Terminals-operated Gateway Terminals India in Jawaharlal Nehru Port Trust, the country's biggest container handler. Volumes via the country's 12 major ports were up 1 percent to 678,000 20-foot-equivalent units...
Fire ignites on cruiseship A fire struck a Carnival Cruise Line vessel, holding up the ship in the US Virgin Islands but causing no injuries.
More canal delays? The Panama Canal Authority (ACP) raised the prospect of another change in the timetable for its expansion project as a result of water seepage in a new lock.
Crewman lost overboard A seafarer has died after falling from a general cargoship in India's Andaman Islands.
LNG bunker ships stalled LNG bunkering demand today is "insufficient" to justify newbuildings fully dedicated to this sector, according to one specialist broker.
Zvezda orderbook tweaked Russian energy giant Rosneft is planning to order 41 ships and 12 platforms at the country's new Far East shipyard Zvezda.
Diana sale binned The sale of a Diana Containerships panamax vessel agreed in July has fallen through.
Ardmore to pay out more New York-listed tanker owner Ardmore Shipping has boosted the amount of cash it will hand out to shareholders as dividends.
Nakilat opens up Qatar LNG carrier owner allows overseas interests to buy up to 49% of company.
Looking for answers Delegates hoping to find out more about the Nigerian ban on oil tankers may have left a London International Shipping Week seminar with a sense of frustration today.
UK owners urge Euro reform UK shipowners and their allies intend to back the prime minister David Cameron's effort to renegotiate terms of Britain's membership of the European Union ahead of a referendum due to be held by the end of 2017, but have warned real change is needed.
Iran eyes Europe exports Iran has said it is keen to export LNG to Europe, but faces significant hurdles before this can happen.
UK owners urge no 'Brexit' UK shipowners and their allies intend to back the prime minister David Cameron's effort to renegotiate terms of Britain's membership of the European Union ahead of a referendum due to be held by the end of 2017, but have warned real change is needed.
Across the great divide Two shipyards on either side of the ethnic divide in Cyprus have teamed up to share clients and revenue.
Silver lining for OSVs? Offshore service vessel (OSV) owners received a boost amid dire rates on Tuesday as a new report predicted demand growth over the next 10 years.
MES sells $83m of bonds Japanese shipbuilder issues domestic debt over five and seven years.
Maersk buys 11 terminals AP Moller-Maersk's APM Terminals (APMT) has snapped up interests in 11 ports in Europe and South America from Grup Maritim.
Maersk Line cuts 16% Danish giant chops ME5 service to reduce capacity between west central Asia and Europe; enhances other runs.
Brexit: owners say stay UK shipowners to support Prime Minister Cameron's renegotiation of EU membership
Cruise order in danger An Australian cruiseship operator is rethinking its plans to order a new bigger vessel domestically due to government shipping reforms.
Subsea 7 buys again Oslo-listed Subsea 7 has spent $10m on redeeming part of its $700m convertible bond issue.
Workers trash ferries Striking MyFerrylink workers have caused more than EUR 2m ($2.2m) of damage to two ro-paxes during recent industrial action.
LNG needs postponements The LNG industry needs to scale back the number of projects coming on stream if it wants to avoid an oversupplied market, a consultant has warned.
Sweden plans tonnage tax Nordic nation set to comes into line with tax policies in neighbouring nations from 2016.
Hedland hits new high Port Hedland set a new all-time for iron ore exports last month with China taking a growing share of volumes.
Bunker suppliers have biggest claims against Copenship Prospects for those owed money by the defunct company look bleak.
European owner orders LNG-ready ships Part of bigger 12-ship order.
'Metal sponge' could cut ship emissions Developers hope to capitalise on the stricter ECA regulations.
US navy fuel pipeline gets upgrade Work to be completed by 2017.
CLIA: Cruise ship emission ranking flawed Says NABU's methods 'fall short of fair and scientifically objective assessments'.
Increased bunker supply in Russia's Far East As mini-refinery plan mooted.
Hempel says 350 vessels have used its biocide hull coating 'We are delighted with the success of Hempaguard.'
'TechnoMax' ships to lead transformation in shipping Ships will rely less and less on human input and harness technology to make them smarter, safer and more effective, Global Marine Technology Trends 2030 report predicts.
Climate think tank to verify bunker-saving technologies CWR seeking vessel participation in multi-technology retrofit project.
Approval in principle given to LNG bunker tanker Project aims to cut the production costs.
NewOcean Energy secures $170 million loan Loan is for general financing purposes.
Emissions analyser raises profile With partnership between manufacturer and testing firm.
Chinese firm eyes stake in multi-billion dollar oil project Project seeks to produce bunkers and other transport fuels for Russian region.
Hong Kong bunkering firm secures $170 million loan Loan is for general financing purposes, says NewOcean Energy Holdings.
Firm boasts market presence for emissions analyser Adds more than 30 worldwide offices as product distribution outlets.
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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