NOL confirms preliminary talks on potential acquisition
SCFI spot rates down after major high
Centre may levy anti-dumping duty on dry battery imports from China, Vietnam
JSW Jaigarh Port handles first container vessel
Kakinada Container Terminal launched
GatewayRail, in association with NYK India & APMT Pipavav, commences weekly dedicated train service between Pipavav and ICD-Faridabad (Piyala)/ICD-Garhi Harsaru
Rail freight productivity in Q1 falls for first time since 2010
CommMin to depute officials to Russia to find ways to ship dairy products
Bulkers most affected by Panama Canal delays AIS data shows vessels waiting at both entrances to the Panama CanalConcerns have been raised over the past couple of weeks about increasing waiting periods for vessels wishing to transit the Panama Canal. Various theories and explanations have been put forward to account for the situation, including adverse weather, routine maintenance...
China maritime trade to be 'hot topic' at this year's Marintec China's One Belt, One Road trade strategy is creating intense interest among the shipping and land transport sectors and will be one of the hot topics under discussion at the Marintec China 2015 Senior Maritime Forum that will be held during the giant Shanghai trade fair in December.The Forum will...
China maritime trade to be 'hot topic' at this year's Marintec Marintec will be held in December. Credit: UBM ChinaChina's One Belt, One Road trade strategy is creating intense interest among the shipping and land transport sectors and will be one of the hot topics under discussion at the Marintec China 2015 Senior Maritime Forum that will be held during the...
Viking Supply Ships exit containers, ship management A Viking Supply Ships vessel. Credit: Geir VinnesViking Supply Ships, the listed Swedish offshore services and industrial shipping group, says its subsidiary company TransAtlantic has reached an agreement to divest its container vessel operation to X-Press Feeders and, in a separate transaction, to divest ship management operations to AtoB@C-shipping. "The container...
Longer steaming distances adds one percentage point to product tanker demand A product tanker underway. Credit: FotofliteThe continuing trend towards longer steaming distances will add one percentage point to the demand of product tankers, shipping analysts at DNB Markets in Oslo said. "Structural increase in long-haul trade adds about one percentage point to transportation demand. During the past 10 years the share...
Demand growth seen to exceed supply growth in 2016 container trades 2015 is set to be the trough of the container market. Credit: PAGrowth in the supply of container shipping capacity should slow down next year, shipping analysts at DNB Markets told IHS Fairplay. At the same time, growth in the demand for capacity is expected to accelerate above the supply growth. "2015e...
Hanjin Shipping to dispose of Busan terminal Hanjin to sell its remaining stake in Busan terminal at the end of November. Credit Dietmar HasenpuschSouth Korean carrier Hanjin Shipping has offloaded its stake in its Busan terminal operations as it continues with efforts to bolster liquidity. In June 2013, cash-strapped Hanjin sold half its stake in Hanjin Newport, which...
South Korea denies 'coersion' behind Hanjin-HMM merger talk HMM denied receiving any request to merge with its bigger compatriot. Credit: Southern Cross Maritime South Korea's Ministry of Oceans and Fisheries has clarified its position regarding ongoing speculation on a possible merger between Hanjin Shipping and Hyundai Merchant Marine (HMM), the country's two biggest shipping companies. In a press statement released...
MISC idles three LNG carriers as DSME expects loss from first Yamal LNG ship Aman Bintulu has been idle since 13 November 2014, reveals IHS data. Credit Malte SchwarzMalaysian carrier MISC has laid up three LNG carriers as its major shareholder, national oil company PETRONAS, was affected by the drop in gas prices. During a briefing with analysts after announcing USD119.4 million for 3Q15, up...
Sinwa's profit up 112% on higher sales Singapore-listed offshore equipment supplier Sinwa posted a profit of SGD2.9 million (USD2.0 million), up 112% year on year (y/y) for the third quarter ended 30 September 2015, due to higher revenue recognition. The company's revenue increased by 13.2% y/y to SGD45 million in the third quarter of 2015, because of higher...
NOL holds talks with CMA CGM and Maersk over potential sale Singapore-listed shipping company Neptune Orient Lines (NOL) is in talks with shipping giants France's CMA CGM and Denmark's AP Moller-Maersk (Maersk) over potential acquisition deal. NOL stated in its filing to the Singapore Stock Exchange (SGX) that the discussions are "preliminary", with no firm assurance of reaching a definitive agreement on...
Pacific Drilling third-quarter earnings show $7m dip Market for offshore drilling remains very challenging in the near future with few new contracts expected
Impairments bring deep losses at GulfMark Operating loss exacerbated by significant asset impairments
Søren Skou stays quiet on NOL interest Update: Maersk Line chief executive says strategy remains focused on organic growth
CP Ships' Ray Miles dies at 71 Industry veteran was force behind CP Ships' emergence as a top container player and presided over its merger with Hapag-Lloyd
RCL orders two newbuildings Bangkok-max ships scheduled for delivery in late 2017 from Jiangsu New Yangzi Shipbuilding
NAO shuns lay-ups and falls to a loss PSVs remain in the market but return $2.3m operating loss
Singapore implements new safety measures for power-driven, harbour and pleasure craft Move will enhance navigational safety in Singapore's waters
President Obama rejects Keystone XL Pipeline Pipeline would have transported 830,000 bpd to US Gulf Coast and Midwest refineries
Port of Felixstowe opens new mega boxship extension Three new ship-to-shore gantry cranes purchased to handle increased capacity
Shipping industry must brace for churn in global LNG trade Low LNG prices in Asia have affected projected industry trade flows
NOL sale may face rough waters CMA CGM seen as a better fit than Maersk; NOL shares rise on news of potential buyers
Moody's raises BW Group corporate family rating to Ba1 from Ba2 BW Group's debt servicing requirements easily met by fully owned fleet
Goldenport Holdings sells six-year-old supramax for $9.3m Vessel delivered to new owners on November 5
Cosco chairman defends liner service surcharges Box shipping freight rates too low to reflect value of service provided
Cosco and China Shipping merger could get Beijing approval year end Formal consolidation announcement expected early-2016
Aegean Marine Petroleum secures financing for Fujairah oil terminal Loan proceeds used to repay $45.2m outstanding debt on 2013 credit facility
Swiss Shipping Line and Africa Car Carrier form US ro-ro joint venture First sailing will be in November on the Swallow Ace
Reports: CP eying NS acquisition Canadian Pacific Railway is reportedly gearing up to make a play for Norfolk Southern Railway in a new effort to consolidate the North American rail industry just 13 months after a similar bid for NS archrival, CSX Transportation, fell flat. Bloomberg and the Financial Times reported Monday that CP had hired...
West Africa set to build at least six 1 million plus TEU ports over next decade An artist's rendering of the Lekki, Nigeria, deep-sea port.Growing competition between shipping lines in Europe and China to develop new logistics hubs in West Africa and serve growing container traffic in the region is expected to bring at least six ports with capacities of 1 million 20-foot-equivalent units or more...
NOL acquisition would boost Maersk or CMA CGM's trans-Pacific presence Acquiring Neptune Orient Lines would enable either Maersk Line or CMA CGM to strengthen their trans-Pacific business and mitigate each's weakness in the Asia-Europe trade lane, according to a shipping analyst. NOL, the parent company of APL, confirmed Saturday via a Singapore Stock Exchange filing that it is in preliminary merger...
BNSF net income jumps on stronger intermodal growth BNSF Railway's intermodal volume growth accelerated in the third quarter as the western railroad said strong service and normalizing trade patterns bumped up volume and in turn helped boost net income and revenue. Net income was up 11.7 percent year-over-year in the third quarter, hitting $1.16 billion, according to the Fort...
Surface Transportation Board staff to hold informal meetings on reporting rail service performance data The Surface Transportation Board announced today that its staff will hold informal meetings with stakeholders between November 16, 2015 and December 7, 2015, on proposed rules for reporting railroad service performance data in the pending proceedingUnited States Rail Service Issues, EP 724. The meetings will enable the STB to better assess what types of...
Mallory Alexander expands operations in China Port of Shenzhen, China. Mallory Alexander International Logistics is expanding in China, both through new authority from the Chinese government and a partnership with trucking firm Old Dominion Freight Line. China granted the third-party logistics company a Class A forwarder's license for operations based in Shanghai. The license gives the company much...
Hanjin pulls stake in Busan terminal South Korea carrier Hanjin Shipping has offloaded its stake in its Busan terminal operations as it continues with efforts to bolster liquidity. The move is the latest effort by the company to raise capitalize to survive rock bottom freight rates and comes amid conflicting reports that a merger between Hanjin and...
Consulting firm exit raises Nicaragua Canal feasibility questions Lake Nicaragua, which will be a major portion of the canal.Nicaragua's government has long claimed that an economic feasibility study by blue-chip U.S. consultancy McKinsey & Co. is crucial to enticing Western investors to its $40 to $50 billion canal project. However, it has been confirmed that McKinsey has not...
US trucking hiring rate slows as freight demand falters The push to hire more truck drivers stalled early this fall, with headcounts at for-hire trucking companies last month remaining flat from September and rising 2 percent year-over-year. With shippers and transportation analysts reporting "adequate" and even excess capacity in U.S. trucking markets, efforts to expand trucking company payrolls may stay...
VIDEO: US industrial real estate challenged to meet e-commerce demand Adam Roth, director, NAI Global Logistics, explains how the industrial real estate industry is working to create more capacity for growing e-commerce demand. He shared his insight with Alessandra Barrett, senior content director, JOC, at the JOC Inland Distribution Conference in Memphis, Tennessee, in September. Other highlights of JOC.com's coverage from...
New container service signals Sendai-Shiogama's recovery from disaster In the latest sign of its recovery from 2011's earthquake and tsunami, the Port of Sendai-Shiogama in northeast Japan has begun a new regular container service to the Port of Vladivostok in Russia's Far East. The new bi-weekly service is the first to directly link Sendai-Shiogama to Russia and also covers...
Fresh legal action emerges in Kirby spill case Case to be heard next year.
Res Cogitans: Cartesian dualism and what it means for the bunker industry? A decision from the London High Courts has seen the trader's role rocked to its core.
Cheaper bunkers add to tanker freight rate speculation As strong demand pushes up the cost of hiring a ship.
Panama bunker market on track for substantial growth Sales seen up 20-25% in 2015, with opportunities for further growth in 2016 due to Canal expansion.
Mexico's bunker market 'to grow exponentially' Regulatory reforms will allow independent operators to import product and offer more competitive prices.
LNG bunker tanker to get Wartsila engine Main engine is a 34 dual-fuel unit.
Adani outlines expansion strategy 'We will leverage the synergy with Adani owned ports.'
Minister: Hambantota suffers from $19.9 million loss Interest of $600,000 paid from untimely bunker cargo purchase, says Arjuna Ranatunga.
IBIA: Fuel quality an issue a Cancun convention Vessels still receiving poor quality fuel, says chairman.
IBIA: Mexico convention highlights several industry issues Vessels still receiving poor fuel quality, says Chairman.
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