BIMCO anti-piracy appeal rejected The shipping industry, which wants a crackdown on illegal fishing off Somalia because it is fuelling piracy, has been told that the EU Naval Force (EU NAVFOR) cannot help. International shipping association BIMCO is now looking elsewhere for a solution to the problem. The message that illegal
US trans-Pacific lines seek export rate bump Box lines in the US-Asia container trades are pushing for freight rate increases from export customers as a result of pent-up demand forecast in Q4 15. The Transpacific Stabilization Agreement (TSA), which represents 15 liner operators, announced on 8 September that the lines would seek to phase-in
MOL, NYK Line each order two LNG carriers at MHI, KHI Japanese shipping companies Mitsui OSK Lines (MOL) and NYK Line have each ordered two LNG carriers at Mitsubishi Heavy Industries Shipbuilding Co, Ltd (MHI) and Kawasaki Heavy Industries (KHI). The LNG carriers are to service long-term shipping contracts with Japanese utility company Chubu Electric
Tallinn port reshuffles management amid corruption charges Both the chairman of the management board, Ain Kaljurand, and a member, Allan Kiil, have resigned after it was revealed in the Estonian media that they have been under investigation for accepting bribes. Kaljurand's position is equivalent to that of chief executive officer or managing director. The
LISW: Place of refuge guidelines defended The UK Secretary of State's Representative for Maritime Salvage and Intervention (SOSREP), Hugh Shaw, defended new European place of refuge guidelines today during London International Shipping Week. He said "peer pressure" and more transparent information requirements will overcome political
Jiangsu Rongsheng Heavy Industry's assets seized by court Jiangsu Rongsheng Heavy Industry, a key subsidiary of Hong Kong-listed China Huarong Energy, has had its assets worth CNY40.5 million (USD6.3 million) seized by a court over disputes with No 1 Engineering Company under CCCC First Harbour Engineering. On 11 August, the Wuhan Maritime Court ruled
Two seafarers die from hypoxia on board tanker Two crew members on board a tanker anchored off Shenzhen in South China Sea died from oxygen deficiency on 6 September. A third crew member was rescued and is receiving treatment at a local hospital, according to local maritime officials. The three crewmen were trapped in the forepeak of Jin Wang
AAL launches new office in South Korea Singapore-headquartered breakbulk and heavy lift operator AAL opened a new office in Seoul, South Korea, in a bid to strengthen the company's infrastructure in key markets. The new office, AAL Korea, is slated to add further commercial and technical capabilities to support AAL's growing global
Indonesia signs LOI for feasibility study on giant sea wall Indonesia, the Netherlands, and South Korea have signed a letter of intent (LOI) for a feasibility study on the Jakarta flood protection project, the National Capital Integrated Coastal Development (NCICD) known as the 'Giant Sea Wall'. The LOI was signed by Korea International Cooperation Agency
Grimaldi reveals ACL newbuildings to fly Red Ensign Update: Shipowner hints that more vessels in the Grimaldi fleet could be reflagged to the UK
Cosco confirms $1.5bn 11-ship order Vessels of 19,000 teu-20,000 teu to join fleet in 2018
MCA reaffirms plan after criticisms in Maritime Growth Study New director to tackle issues highlighted in Department for Transport document
Maersk Group eyes expansion for long-term growth Investment over the next few years is facilitated by cost savings achieved and a relatively healthy financial performance in first-half 2015
University to develop new campus to tackle skills gap 'Knowledge hub' at Liverpool will focus on advanced manufacturing and engineering
Safest defence against cyber attacks lies in best practice guidelines Evolving threats require an agile defence, security workshop is told
Höegh LNG to raise funds for growth Oslo-listed company planning a private placement to raise funds for new FSRUs to join its fleet
Fewer merchant ships called to rescue migrants in the Med Figures down from 2014 due to increased naval and coastguard presence
No silver bullet bunker replacement, Stena's Hagman warns Shipping will need to turn to range of other fuels, ICS is told
Maersk Line tops reliability rankings But overall liner on-time performance falls for the first time in four months
Data Hub: World Fleet Update THE relentless drive by shipowners to order ultra large tonnage continues apace, with orders of four more 20,000 teu vessels last month at Japan's Imbari yard
Amlin recommends $5.3bn Mitsui Sumitomo takeover offer Deal will give Japanese insurer global underwriting platform and strengthened marine presence
Panamaxes' future lies as feeders for ultra large boxships Demand for container shipping is not going to catch up with supply of capacity, says Rickmers Maritime's Soeren Andersen
Aamal establishes maritime transport subsidiary Aamal sets up a unit to ensure stable supplies for its raw materials business
Joint ventures between Chubu Electric and MOL and NYK order four LNG carriers Ships, to be built at MHI and Kawasaki, will serve the Freeport LNG project coming online in 2018
Speculation in China heats up over China Merchants and Sinotrans tie-up Logistics would be the focus of new entity, analyst says
China and regulation dominate future of shipping talks Top researchers from Clarksons and Affinity offer visions for 2035
Agility key to car carrier market's future, says Höegh Not a simple case of bigger is better
Non-Qatari ownership in Nakilat increases to 49% Shareholders vote to increase allowable foreign ownership at a time when Qatari national LNG carrier is outperforming rivals
Shanghai Port releases Nan Tsing Container cargoes Owners pay fees for collection while troubled container shipping major still owes money
Kickbacks see Suez branded as 'Marlboro Canal' Many ports demanding hundreds of dollars in bribes, says Chamber of Shipping official
Maersk Line cuts West Central Asia-Europe capacity by 16% Maersk Line reduces its West Central Asia-Europe capacity by 16% after halting the ME5 service
XPO Logistics to buy Con-way for $3 billion XPO Logistics will buy Con-way, one of the largest U.S. trucking operators, for $3 billion, Chairman and CEO Bradley S. Jacobs said today, bringing XPO's total revenue to $15 billion. If approved, the deal will add the second-largest U.S. less-than-truckload carrier to XPO's increasingly diverse international portfolio of logistics and transportation...
Rx for North Europe ports handling mega-ships: More automation APM Terminals' Maasvlakte II at the Port of Rotterdam. North European ports must invest in more automated ship-to-shore cranes to achieve the 6,000 daily lifts that container lines want for their biggest ships, says Netherlands-based consulting firm Dynamar. "Without automation, the ports cannot reach the productivity levels that carriers would like to...
New container leasing company launched Dutch container trader CARU Containers has launched a new international container leasing company. CARU Specialized Leasing, a partnership between CARU and investment bank Transportation Capital Group, will focus on leasing non-commoditized containers and providing product expertise to its new customers. The company said it plans on rapidly expanding its global platform and...
European trucker Waberer's expands as demand grows One of Europe's largest trucking operators is steadily getting larger, as cross-border demand for full truckload freight service grows. Revenue at Waberer's International increased 8 percent in the first six months of the year to €261 million, about $290 million, the company said today. The Budapest, Hungary-based company's EBITDA or earnings...
Russia, China look to expand containerized rail partnership with new logistics centers Russian rail monopoly RZD and the operator of the Yingkou port are looking to create a logistics center in Moscow and a logistics park at the northern Chinese port. The memorandum of cooperation signed between the duo Russian railroad and China Yingkou Port Group Corporation builds on their respective countries' plan...
Tanjung Perak port works to boost productivity as volume rises Lamong Bay Container TerminalAs container volume rises, Indonesia's Tanjung Perak is working to improve productivity by streamlining its management, deploying new cranes and automating its operating system. The port's operator, state-owned PT Pelabuhan Indonesia III, last week drastically reduced its number of managers in an an effort to streamline the decision...
US retailers raise peak-season import forecast U.S. containerized imports through the rest of 2015 are expected to rise slightly faster than previously forecast, according to the monthly Global Port Tracker report by the National Retail Federation and Hackett Associates. A "stubbornly high" inventory-to-sales ratio this summer had cast doubt about the annual pre-holiday import peak season as...
Exec widely seen as Ward successor leaves CSX CSX Transportation's President and Chief Operating Officer Oscar Munoz, who was widely viewed at the top candidate to take over the Class I railroad, is leaving the company to take the helm of airline holding company United Continental. Oscar MunozInvestors on a United conference call Tuesday asked Munoz why he would...
India considers ports exclusively for coastal shipping The Indian government has announced it is considering the establishment of a number of small ports, private ports for coastal shipping, taking another step toward improving supply chain services that have taken a hit in recent years amid port infrastructure bottlenecks and growing cargo volumes. In a policy document released last...
Threat of UPS pilot strike rises The prospect of a major disruption to UPS domestic and international air cargo services came closer after the union representing pilots at the parcel giant asked its members to authorize a strike. The Independent Pilots Association is asking its 2,528 members, representing all UPS pilots, to authorize a strike, saying negotiations...
Carriers poised to reap higher pricing from peak season Retail inventories are running high. China and other emerging economies are struggling, and the global leader, the U.S., is battling to sustain more rapid growth after five years of middling post-recession expansion. Stocks are firmly in correction mode, perhaps further dampening already-struggling consumer sentiment. And Europe is, well, Europe. It all...
China slowdown will hit box-makers in second half, CIMC says HONG KONG - China International Marine Containers reported strong sales in the first half of both dry containers and reefers, but issued a caution that the demand for new boxes would be weak over the rest of the year.The container segment of the world's largest container maker made a first...
Only way is up as trans-Pacific lines plan series of westbound rate hikes HONG KONG - Container lines on the trans-Pacific believe freight rates on the westbound U.S. to Asia trade have reached the bottom and expect pent-up demand to help carriers achieve across-the-board general rate increases that will begin on Oct. 1 and extend to the end of the year.No numbers were...
Peak season takes hold on Asia-Europe, trans-Pacific lanes Back-to-back increases in freight rates on the Asia-Europe trade lane the past two weeks and the announcement of proposed increases in the eastbound Pacific to the U.S. indicate that peak-season volumes are finally starting to materialize in the important east-west trade lanes. In the Asia-Europe trade, carriers are using intentionally-cancelled...
ATB charterers ease off gas Kirby's top executive said today that charterers are less eager to take oceangoing articulated tug-barges on long-term charterers, though he said his outlook is still positive on the sector.
McQuilling unveils alliance New York's McQuilling Partners has forged a strategic alliance with up with financial firm JonesTrading Capital Markets Group.
EMSA starts LNG bunker study A new study to assess the LNG bunkering facilities in the Mediterranean and Eastern European countries is being undertaken by the European Maritime Safety Agency (EMSA).
Maersk ship spills oil A boxship owned by Maersk Line has spilled oil off the Catalan coast in Spain.
Lenders in at ABG? Reports in India are claiming loss-making ABG Shipyard will be taken over by its banks if a sale to an Abu Dhabi company fails.
Cosco commits to $1.5bn order China Cosco Holdings Co (CCHC) has signed order contracts worth $1.5bn for 11 huge containerships at domestic yards.
Suez ports closed An unseasonal sandstorm in the Middle East has led to the closure of four ports in the Suez province of Egypt.
Gagasan ship on block Singapore's high court is auctioning off another of Malaysian owner Gagasan Gas Carriers' arrested tankers.
Clouds on the horizon Cruise line association says port infrastructure in Europe needs to improve alongside legislation.
EUNavfor: no let-up Europe's anti-piracy task force commander has warned against complacency after keeping a lid on Somalian piracy.
Tanker crew replaced A products tanker at the centre of a labour dispute has returned to Australia with its domestic crew replaced.
Lay-ups rise 20% Broker Westshore reveals another jump in idled OSVs, with more anchor-handlers likely to be stacked.
BV adds design house French classification society Bureau Veritas has taken over domestic ship design testing specialist HydrOcean.
Shipping needs to get smarter Rising star of forecasting, Affinity Research chief Mark Williams, spells out a brave new world for the industry
Pittas to increase stake Euroseas CEO set to take part in latest rights offering, boosting holding in the company.
Maersk to lift returns Denmark's Maersk Line is seeking to raise its return on invested capital (ROIC) as it predicted growth for global container lines in 2016.
Bulker grounds in Turkey A bulk carrier grounded earlier this morning in the Bosporus, adding to the list of accidents in the Turkish region.
China tops out China's trade development cycle has peaked and the country is becoming a more mature market which is likely to be key for the shipping sector, according to Clarksons Platou Research president Martin Stopford.
DBB wins more wind work Danish owner DBB Jack-Up has extended a deal with MHI Vestas Offshore Wind for offshore wind farm operations.
Chubu LNG quartet ordered NYK and Mitsui OSK Lines (MOL) have each ordered two LNG carrier newbuildings on the back of long-term charters.
Ardmore "transforms" Ardmore Shipping's (ASC) new higher dividend policy is a "transformative" move that will still leave it with enough cash to acquire two or three ships per year.
P&O hits 12-year high P&O Ferries' English Channel passenger numbers reached their highest level since 2003 during August.
USCG in Tianjin warning US authorities have issued warnings to shipping about the possible contamination from the explosions in Tianjin last month.
Singapore haze worsens Forest fires in Indonesia have lead to a further deterioration in visibility in the waters surrounding Singapore.
CWR offers eco retrofit cash The Carbon War Room (CWR) has offered to help fund the retrofit of energy-saving technology in a bid to promote its wider use within shipping.
Box lines aim to lift rates The Transpacific Stabilization Agreement (TSA) announced an effort to hike container rates from current dismal levels on the westbound trade from the US to Asia.
Prima Marine appoints senior bunker trader Veryan Bell specialises in supplying bunkers and lubricants in Africa and the Middle East.
Firm to build two 'fuel-efficient' LNG carriers Carrier tank design increases carrying capacity 'by 16% without changing the ship's width'.
EU record on sulphur rules under attack from cruise industry 'The way certain pieces of EU legislation are applied can be compared to a patchwork quilt.'
Bunkering transformed over next 20 years, says analyst Change will be driven by regulation and technology, Affinity Research director claims.
Nigerian tanker ban: Blacklisted ships risk arrest 'It is very dangerous to trade a ship in Nigeria that is on the banned list,' says lawyer.
Weak demand in Singapore Fuel oil supplies 'abundant'.
Malaysia: Fuel oil storage capacity up On completion of Tanjung Pelepas project.
New ECA rules benefit repair yard Firms says modernisation orders on the rise.
Australian shipowner buys 'eco' duo New oil tankers due for 2016-2017 delivery.
New bunker monitoring tool enters US, Europe System claims ability to track bunkers consumed and received.
Carbon-saving scheme attracts shipping firms International Paint says 17 to benefit.
GAC to supply cruise ship with bunkers, marine services Deal inked with a Swedish ship manager.
Shipping firms to receive carbon credits after saving fuel About $750,000 offered to 17 companies, says International Paint spokesman.
LNG bunker supply vessel 'must be commercially viable' After multiple failed projects, German firm hopes its latest design will win competitive tender.
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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