France widens search for MH370 debris Maritime patrols have increased their presence around the French island of La Réunion, where debris strongly suspected to have come from missing Malaysia Airlines flight MH370 was found last week. In the wake of criticism that the island's authorities were not doing enough to look for more floating
Wärtsilä to power world's first LNG dredger Finland-based Wärtsilä has confirmed it will supply dual-fuel LNG/diesel engines for Belgium dredging major DEME's 8,000m³ Antigoon class trailing suction hopper dredger (TSHD) Scheldt River. One of two dual-fuel (DF) TSHDs ordered by DEME, Scheldt River will be joined by the smaller Minerva, a
Suez Canal dredging plans still waiting Plans to dredge a further 9.5 km channel at Port Said as well as to develop the entire region surrounding the New Suez Canal remain on hold, reports suggest. The Cairo Post quoted Suez Canal Authority (SCA) chairman Mohab Mamish as stating that the SCA had agreed to contract the 'Alliance of
Double blow for Adani's Australian coal port and mine Adani's port, mine and rail project in North East Australia suffered a double blow this week. A court overruled a government go ahead for its Carmichael mine and Australia's biggest bank withdrew funding support. On 5 August the Federal Court upheld a challenge by a local environmental group
MAN power for Van Oord dredgers Dutch dredging giant Van Oord has placed an order for complete MAN Diesel & Turbo propulsion packages for two 17,000 m³ trailing suction hopper dredgers (TSHDs). Being built by Spanish yard Construcciones Navales del Norte in Bilbao, the comprehensive MAN packages consist of: 6L48/60CR engines;
Car carrier sector enjoying improved outlook The outlook in the car carrier sector appears to be brightening as slower fleet growth and rising demand have led to better vessel utilisation, according to shipping analysts at DNB Markets in Oslo. "Based upon our proprietary car market model we expect only slightly increasing utilisation of the
Japan escorts eight commercial ships off Somalia in July Japan's Self-Defense Forces (SDF) vessels escorted eight commercial ships in the waters of the Gulf of Aden off Somalia in July to protect them against pirate attacks, the Japanese transport ministry said on 7 August. The eight ships were all foreign-registered, including one vessel operated by a
Australia, PNG hunt for slave ships Australian and Papua New Guinea authorities this week launched a joint operation to hunt down vessels in the Torres Strait suspected of human trafficking and exploiting slave labour. The operation follows the rescue of indentured crew from the Honduran flagged Blissful Reefer in Papua New Guinea
Hanjin Shipping posts continued profit Hanjin Shipping has continued profitability for the second quarter of 2015, posting a net profit of KRW104.3 billion (USD94 million), reversing its second-quarter 2014 loss of KRW199.7 billion. The biggest container shipping company in South Korea had already returned to black for the first quarter
LNG Power places order for 200 LNG-powered ships at Honghua Shanghai-based shipping company LNG Power on 7 August placed an order for 200 LNG-powered vessels at Honghua Offshore Oil & Gas, according to Chinese shipping news site Eworldship.com. These 200 vessels include 100 750 dwt ships, 50 950 dwt ships, and 50 1,350 dwt ships, with a total investment of
Hutchison Australian terminals shut down, 100 workers sacked Hutchison Port Holdings locked its gates at its Sydney and Brisbane terminals on 7 August, after sacking 100 out of their total workforce of 224 dockworkers by text and email in the middle of the night. As angry workers protested outside its gates, security guards, border patrol, and police were
South Korean shipping fund gets go-ahead South Korea's Ministry of Oceans and Fisheries (MOF) announced on 6 August the establishment of a shipping guarantee agency to assist shipping companies that have been struggling in the country. Through a press statement, the MOF said, "Approximately 40 domestic shipping companies agreed on
Sainty Marine's seven bank accounts still frozen Shenzhen-listed Sainty Marine said on 7 August that seven bank accounts of the company and its subsidiaries were still frozen by applications of its creditors. The creditors comprise the Bank of Suzhou, the Jiangsu Zhangjiagang Rural Commercial Bank, and Wuxi Hualian Technology, a stock filing of
Benchmark VLCC spot rate lowest in eight and a half months Middle East-East Asia earnings have more than halved since July 20 due to weak August charter demand
Cosco and China Shipping to speed up consolidation with joint reform group Full integration is expected around 2017
Ship boarded after sailing in wrong lane in Channel Musketier now under French marine gendarme tug escort
Big logistics cluster project takes shape in Oakland Former army base to expand cargo operations at US shipping gateway
Carriers fail to make August GRIs stick Asia-Europe and Transpacific rates fall as supply/demand imbalance continues to hinder GRI longevity
Dynagas seals deal to take over five Yamal LNG carriers Ships were to have been owned by Sovcomflot but financing barriers forced change
Hanjin Shipping reports $89m profit in second quarter Result is boosted by one-off gains in share sales and forex gains
Bulker owner Courage Marine warns of loss Hong Kong company, hit by low rates, to take impairments on vessel values
US imports forecast to rise moderately in August Import cargo volumes at the largest U.S. container gateways are forecast to rise 3.6 percent year-over-year this month as shippers gear up for the beginning of the peak season. Imports for the year are expected to be up 4.2 percent over 2014 figures, according to the most recent Global Port Tracker...
"K" Line wins vessel speed reduciton awards both the ports of Los Angeles and Long Beach Kawasaki Kisen Kaisha, Ltd. ("K" Line) received awards for achievement of high compliance rate for their vessel speed reduction programs from both the ports of Los Angeles and Long Beach in 2014. The Port Authorities have implemented the vessel speed reduction programs asking vessels to comply with the speed limit of...
Trial with free tire check in port of Rotterdam Drivers leaving the terminal of APM Terminals MVII on Maasvlakte 2 can check the tire pressure of their trucks quickly and free of charge. This free tire check uses sensors in the road. When a truck passes them at low speed, a smiley shows the driver that the tire pressure...
Trucking employment above pre-recession peak and rising U.S. trucking employment rose for the fourth straight month in July, as the U.S. economy and freight demand continued to expand at a moderate pace and trucking companies scrambled to hire drivers. At the same time, federal employment data show transportation firms, including truckload and less-than-truckload carriers, are struggling to find...
APMT terminal at NY-NJ closes after dockworker death APM Terminal's Elizabeth terminal at the Port of New York-New Jersey was closed Friday afternoon after a top loader struck and killed a female dockworker. The unnamed 40-year-old female employee died about 1:20 p.m., according to NJ.com. APMT Elizabeth sent out a notification that operations had halted roughly an hour later. The...
CEVA profit soars on new business model LONDON - CEVA's second-quarter earnings surged 25 percent as it continued to reap the benefits of a new business model and maintained ocean and air freight volumes in the face of uneven global demand. The Netherlands-based supply chain management company booked adjusted earnings before interest, tax, depreciation and amortization of $75...
Matson gains trans-Pacific market share, higher rates At a time when carriers complain that their industry has been commoditized, Matson's ability to grab market share on the China to West Coast market at a time when many shippers are continuing to avoid the West Coast shows the willingness of some shippers to pay higher rates for expedited...
Labor talks fail to reopen APMT Mumbai Trucks lined up at Jawaharlal Nehru Port TrustAll operations at Gateway Terminals India, or APMT Mumbai, continue to be shut down after conciliatory efforts by stakeholders to settle a prolonged labor contract dispute related to rubber-tired gantry crane operations collapsed Friday afternoon, forcing ocean carriers to reroute vessels and causing...
Orbcomm loses money after container tracking satellite trouble Orbcomm Inc. swung to a $12.2 million loss in the second quarter, after expenses mounted in the wake of recent acquisitions and the company lost communication with one of its low-earth-orbiting satellites. The New Jersey-based asset-tracking company posted a 971.4 percent year-over-year net loss in the second quarter. The firm, nevertheless,...
APMT Mumbai still shut down Trucks lined up at Jawaharlal Nehru Port TrustAll operations at Gateway Terminals India, or APMT Mumbai, continue to be shut down after conciliatory efforts by stakeholders to settle a prolonged labor contract dispute related to rubber-tired gantry crane operations collapsed Friday afternoon, forcing ocean carriers to reroute vessels and causing...
APM Terminals buys Italian reefer terminal Port Vado LigureLONDON - APM Terminals has acquired the Vado Ligure Reefer Terminal alongside its Vado container port on Italy's North West coast which is due to open in 2018. The Maersk group's port arm did not disclose how much it paid the GF Group, an Italian reefer ship operator and...
Hutchison to close Sydney terminal, locks out Brisbane workers Workers and police gather at Port Botany after HPH laid off dozens via text and email late at night. Hutchison Port Holdings will close its Sydney terminal three years after entering the Australian market, and has locked out workers at the facility and its Brisbane terminal. The company reportedly notified...
Marad seeks to change how it awards ship subsidy contracts The U.S. Maritime Administration is seeking public comment on proposed regulatory changes to implement recent statutory revisions in the Maritime Security Program, which subsidizes commercial operation of militarily useful U.S.-flag ships. Marad is proposing a new priority system for awarding contracts to operators of the 60 ships covered by MSP. First...
Cosco-China Shipping rumor again lifts markets It will not be easy to merge this spider web of China's state-owned shipping ownership.HONG KONG - The rumor that China's two main shipping lines, Cosco and China Shipping, planned to merge was again wreaking havoc with the financial markets today as stock prices for the state-owned companies soared enough...
Georgia aims to double container volume by 2020 Port of BatumiST PETERSBURG - The Georgian government expects annual container traffic through the country's seaports to roughly double to 1 million 20-foot-equivalent units by 2020, due to growth in the region and the expansion of it two major seaports, Poti and Batumi. Container volume through Georgia's seaports will exceed 500,000 TEUs...
Frankfurt cargo declines continues Frankfurt AirportLONDON - Frankfurt airport, Europe's largest air freight hub, posted another monthly decline in traffic in June, tracking slowing growth at its largest customer, Lufthansa Cargo. The 2.5 percent year-over-year drop to 174,000 tonnes (191,802 tons) left first half-volume down 2.1 percent at 1.02 million tonnes. Lufthansa Cargo's volume dipped 0.8...
Asia-Europe rate records its biggest ever weekly fall HONG KONG - Any hope that spot rates on the Asia-Europe trade would hold on to last week's solid gains were dashed as the rate dropped by the largest weekly amount ever recorded by the Shanghai Containerised Freight Index (SCFI), falling by $276 to $833 per 20-foot container. Click to EnlargeAfter...
China's e-commerce giants target inland HONG KONG - The growth of e-commerce in China's rural areas is outpacing that in major cities with Alibaba Group estimating the potential market in the countryside could be as much as $70 billion by next year.This is attracting huge interest from online shopping giants such as Alibaba and its...
Normal service resumes as Asia-Europe GRIs fail to stick HONG KONG - Any hope that spot rates on the Asia-Europe trade would hold on to last week's solid gains were dashed as the rate dropped sharply to $833 per 20-foot container, according to the latest reading of the Shanghai Containerised Freight Index (SCFI).After a year of record lows and...
Hanjin turnaround on track with second profitable quarter HONG KONG - Hanjin Shipping became the latest container carrier to report a solid second quarter as lower bunker fuel prices, trimmed routes and an appreciating currency enabled the line to post a $94 million net profit.The positive result by the Korean giant follows profitable quarters from the big three...
The path to prosperity in Ulaanbaatar On Tuesday, 11 August 2015, the Economic Club of Ulaanbaatar will present Ken Schoolland, Associate Professor of Economics and Political Science from Hawaii, to speak on the topic of "Trade, Migration and Entrepreneurship: Path to Prosperity" from 12-2.00pm at the Tuushin Hotel. With experience as Associate Professor of Economics and Political...
Nation's top truckers to compete in St. Louis Arlington, Va. - Next week, more than 400 top professional truck drivers from across the country will head to St. Louis for the 78th annual "Super Bowl of Safety," the 2015 National Truck Driving Championships and National Step Van Driving Championships, hosted by American Trucking Associations. "Safety is the trucking industry's...
The CMA CGM Laperouse and CMA CGM Titan lead inaugural procession of the New Suez Canal The CMA CGM Group, a leading worldwide shipping group, is pleased to announce that the CMA CGM LAPEROUSE and the CMA CGM TITAN are positioned at the head of the vessel procession during the New Suez Canal inauguration, on Thursday August, 6th. The CMA CGM Group, the third largest container shipping...
Con-way names Michael Kucinski director of sales ANN ARBOR, Mich. - Con-way Multimodal, the freight brokerage division of San Francisco-based Menlo Logistics, announced that Michael R. Kucinski has been named director of sales for the organization. In his new role, Kucinski becomes the sales leader for Con-way Multimodal. He will be responsible for developing sales and...
Philadelphia port moves forward on new cargo facility The Southport site the Port of Philadelphia is seeking to develop.The Port of Philadelphia, one of the fastest growing import ports in the U.S., is one step closer to building a cargo facility, container or otherwise, after it announced a request for qualifications. The development is slated for three parcels, totalling...
Chicago inland port gains logistics provider, shipper tenants One of the largest U.S. inland ports continues to grow, with one logistics provider planning to open a 1.1 million square foot distribution center and a grain shipper moving to the Chicago area site served by intermodal rail. The new Class-A facility in CenterPoint Intermodal Center, in Joliet, Illinois, will be...
Alaska alleges violations Alaska officials have alleged environmental violations against major cruise lines, Norwegian Cruise Line said.
TK arms 'on track' Teekay chief executive Peter Evensen said two daughter companies have what it takes to fund their capital commitments.
Nobu Su charged in Brazil Today Makes Tomorrow (TMT) chairman Nobu Su was among six people charged as Brazil's bribery scandal rolls on.
Teekay Tankers sells shares Teekay Tankers will bank $90.5m from share sales days after emerging the winner of the race for the Principal Maritime (Princimar) fleet.
Teekay's trump card Teekay Tankers' ability to swallow the Principal Maritime fleet in one bite pushed it to the front of the $662m takeover race, its chief executive confirmed.
Lauritzen in capesize exit? J Lauritzen of Denmark looks to have exited the capesize market.
Good times, bad times We take a look at what was said in the market over the past week.
Seconds for SALT team Scorpio Bulkers executives have bought shares in the company for the second time in as many weeks.
Chinese merger in the making? Are Chinese giants Cosco and China Shipping finally set for a mega-merger?
Honghua in 200-vessel order China's LNG Power Shipping has placed a massive order for the construction of 200 LNG-powered vessels at Honghua Offshore Oil & Gas.
Vale scraps capesize Vale of Brazil has sold the 160,000-dwt bulker Ore Alegria (built 1997) for demolition, sources say.
Hadjipateras in TC hint Dorian LPG hinted at further time charter contracts for newbuildings following a couple of period deals in June.
Toei posts mixed numbers Toei Reefer Line has recorded a stronger first quarter profit.
Premuda sells panamax Italian owner Premuda has sold its oldest tanker as it posted a bigger loss for the first six months of the year.
Viking sees two tough years Viking Supply Ships predicted a difficult couple of years for the offshore support vessel sector as it reported its second quarter results today.
Hanjin swings to profit Hanjin Shipping sprang back into the black in the second quarter of 2015 and has high hopes for the remainder of the year.
Genting eyes Lloyd Werft Malaysian cruise giant wants stake in German shipbuilder.
Arctic JV goes ahead Paris-listed seismic giant CGG and Russia's largest shipowner, SCF Group (Sovcomflot), have formally registered a joint-venture company focused on coldwater surveys, despite tough times in the seismic market.
Diesel-electric icebreaker 'successfully passes ice-trials' New-generation Aker Arc130A designed to service the Arctic terminal at the Gazprom Neft Novoportovskoye field in Orenburg.
Typhoon damage restricts operations at Port of Saipan No vessels are permitted to dock or unload during the night.
Aegean analysts say 'buy' See big upside for the marine fuel supplier's share price.
European fuel oil stocks surge Inventories have jumped almost 20% week-on-week.
'Super-algae' could unlock biofuel potential Scientists identify strains that are 'ideal sources of biofuel'.
Bunker company recording losses Founding partner blames failed West African venture but says other Endofa units are profitable.
Steady as she goes at Wilh. Wilhelmsen Good Q2 volumes in shipping segment offset by higher net bunker costs.
Chinese fuel oil demand up in June Bitumen blend imports almost triple on year, shows data.
Egypt: Suez canal projects to strengthen bunker activity 'Clear message that Egypt is coming back strongly', says Minister.
Hybrid fuels have made purchasing 'more difficult' Bunker buyers should 'understand what they are buying', says MD of ship management company.
Shanghai-based firm orders 200 LNG-fuelled vessels Total number of LNG-powered orders at 400 to date, says report.
Bunker buyers should be 'very clear' on purchases, says shipmanager 'Important' to know whole fuel chain, says Bernhard Schulte Shipmanagement spokesman.
INTERTANKO worries Nigeria may ban more ships Organisation still waiting for a response from the Nigerian National Petroleum Corporation.
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