Houston channel shut by collision The second ship collision in five days has closed the Houston Ship Channel and a response to a spill from one of the vessels is under way. Chemical tanker Carla Maersk collided with bulk carrier Conti Peridot at 1240 on 9 March. Three of the Carla Maersk's port tanks were punctured. The vessel was
Gothenburg tracks big sulphur emissions drop Port of Gothenburg has announced that sulphur emissions have fallen by 80% from the beginning of 2015 when tighter sulphur emission controls came into force. The permissable Tier III levels in the MARPOL sulphur emission control area (SECA) were reduced from 1% sulphur content in bunker fuel to just
Several injured in Filipino ferry crash Twenty-one people have been reported hurt after a ferry struck a pier in Cebu City, Philippines. According to a data from IHS Maritime, 18 passengers and three crew members were injured with some being sent to local hospitals for medical attention. The vessel, St Sealthiel suffered dents in the
Updated: Fri Sea under fire for failure to report grounding A Bahamas-flagged timber-carrier that went aground on Saturday in northwest Scotland has been refloated. However, the failure of the ship's master to inform the coastguard has increased local concerns about maritime safety in Scottish waters.
Cruise ship Britannia named by Queen Elizabeth II The latest addition to Carnival Corporation's P&O Cruises was named by Queen Elizabeth II today. Britannia is only the fifth passenger vessel named by the Queen and has in all aspects been developed to meet evolving British tastes. The 144,000gt Britannia has been built by Fincantieri's
Eagle Bulk founder Zoullas resigns Cargill veteran Stanley Ryan will take the helm of NASDAQ-listed Eagle Bulk following the resignation of founder Sophocles Zoullas on 9 March. Ryan has been a board member since the October 2014 restructuring of Eagle Bulk following its Chapter 11 bankruptcy. Zoullas, who launched the company in
US grapples with coastal container shift Importers and exporters may not return business through US West Coast ports after getting stung by severe congestion over the last four months, a supply chain expert contended. Hackett Associates founder Ben Hackett revealed in his latest monthly Global Port Tracker (GPT), published on 9 March in
Yangzijiang dismisses M&A rumours Singapore-listed shipbuilder Yangzijiang Shipbuilding Holdings dismissed rumours on the acquisition of shipbuilder China Rongsheng Heavy Industries Group Holdings (RSHI). Yangzijiang stated in its filing to the Singapore Exchange that the management of the company has "not made any decision
ULCS demand not enough to revalue Korean shipbuilders Although shippers intend to order ultra-large container ships (ULCSs) in which Korean shipbuilders command high market shares, the new orders are insufficient to raise earnings forecast for them, said an analyst in his research note. Samsung Securities analyst Young-soo Han said, "Maersk at
RSHI calls off warrant issue China Rongsheng Heavy Industries Group Holdings (RSHI) officially called off a planned warrant issue to raise funds to finance acquisition of oilfield assets after the detention of a potential subscriber. On 9 March, RSHI and the subscriber entered into a deed of termination that the subscription
Analyst predicts successful year for DSME South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) is the only one of Korea's big three which profitability would improve other than on base effect or through restructuring, said an analyst in his research note. Samsung Securities analyst Youngsoo Han said, "DSME posted
Dredging at Keppel Corporation's Pioneer yard Dredging is underway at Keppel Corporation's Pioneer Shipyard off the West Jurong Channel in Singapore. A notice from the Maritime and Port Authority of Singapore (MPA) said the works would be done from 16 March to 15 July. Singapore-based dredging contractor East Marine will oversee the works.
Thailand mulls over Songkhla 2-Pak Bara link Thailand is doing a feasibility study into the proposal for a cross-country railway that will link two ports in the country's south, a senior government official has confirmed with IHS Maritime. The plan is for the railway to link Pak Bara in Satun on the Andaman Sea (or west coast) with Songkhla 2
Maritime and insurance 'go-to' person Denzil Stuart dies Respected journalist and PR man remained professionally active almost until his death, aged 83
Consortium swoops on Montreal box terminals Reports suggest Canadian investment companies paid more than $500m to purchase Montreal Gateway Terminals
Floating storage - the bonanza that never happened The forward curve suggests that tanker storage is no longer profitable, but has the contango been postponed or evaporated completely?
Tanker market has a soft underbelly Charterers happy to take their chances on the tanker spot market, implying they see falls in spot rates on the horizon
Aegean fixes four new product tankers to Stena Weco for five years Greek owner opts to lock up eco quartet ahead of slew of MR2 deliveries
Zoullas and Eagle Bulk agree severance Cargill veteran Stan Ryan appointed interim chief executive at restructured supramax owner
Good start to the year for transpacific volumes But east coast ports continued to take market share from their west coast rivals
MSC's first of 20 ultra large boxships arrives in Felixstowe MSC confirms the number of ultra large boxships it has on order as the world's largest boxship arrives in UK for the first time
Five-year-old aframax values rise to levels last seen four years ago Higher average earnings helps boost values
China's Zhongchang Marine cancels order with JES yard Beleaguered shipbuilder told to return $11.2m in prepayments for 47,000 dwt bulker
DSME records stronger operating performance in 2014 But the South Korean shipbuilder's net results were hurt by exchange losses and costs at subsidiaries
Los Angeles unveils plans to speed up cargo flow Containers of high-volume shippers to be fast-tracked
Soybean shippers report better rail service this winter than last Rail service during the 2014 soybean harvest in the upper Midwest has been noticeably better than last year, according to the latest survey by the Soy Transportation Coalition. "We continue to be pleased that that rail service for the 2014 harvest has overall been very commendable," said Mike Steenhoek, executive director...
Largest US LTL, truckload carriers raise combined revenue 8.6 percent to $60 billion Business rebounded in a big way for the largest U.S. less-than-truckload carriers and truckload carriers in 2014, with trucking revenue spiking as the U.S. economy got stronger. Reports released by SJ Consulting Group show revenue for the 25 largest LTL carriers rose 9.1 percent last year while the 25 largest truckload...
Sulfur emissions cut dramatically at Gothenburg since new rules took effect The Port of Gothenburg, Sweden's largest container port and the largest in Scandinavia, said sulphur emissions have fallen by 80 percent since the beginning of the year when tighter sulphur emission controls came into force but warned that many vessels are still failing to comply. Permissible sulfur emission levels in the...
YRC Freight expediting shipments delayed by West Coast woes YRC Freight is expediting inbound shipments breaking free of the container logjam on the U.S. West Coast, as retailers rush to get spring goods to store shelves before Easter. Expedited traffic from the ports of Long Beach, Los Angeles and Oakland is growing by double digits, Darren Hawkins, president of the...
US retailers confident West Coast woes won't derail spring rollout U.S. retailers appear generally upbeat on their ability to deliver spring merchandise to stores, with some telling investors that U.S. West Coast port congestion has had minimal impact on their supply chains, according to earnings calls in recent weeks. Executives from Foot Locker, Ironclad Performance Wear, Big Lots, American Eagle Outfitters...
5 Predictions for Trucking Between plummeting fuel costs, a surge in consumer spending and a worsening driver shortage, the last few years in the trucking industry have been characterized by extreme highs and lows. This year is shaping up much the same way, although with some new twists in the road. Brokers, shippers and motor...
Multipurpose cargo terminal planned for India's Paradip port Mumbai-based diversified logistics firm J.M. Baxi Group consolidated its cargo terminal business with a 30-year concession to operate a new multipurpose freight facility at the Port of Paradip, a major state-owned general cargo gateway on India's east coast. The group, through its terminal operating arm United Liner Agencies, signed the contract with...
Houston's Barbours Cut Terminal closed after vessel collision The Port of Houston's largest container terminal was closed Tuesday until further notice after a tanker and bulk carrier collided on the Houston Ship Channel, causing a flammable chemical from the former to leak. Operations at Barbours Cut Terminal won't be open at 7 a.m., but all other Port of Houston...
Asia-Europe slow season stands between carriers and March GRIs HONG KONG - Planned mid-March general rate increases on Asia-Europe stand little chance of sticking as the container shipping industry enters the slow season seemingly powerless to arrest declining spot rates on the trade.The rate fell for its fifth week, shedding $122 last week as it dropped to $816 per...
Fund ups Scorpio exposure Wellington Management has lifted its stake in Scorpio Bulkers by nearly 3.45 million shares, bringing it above the 10% mark.
Firm drops GulfMark Investment firm Lord Abbett has sold off virtually all of its stake in GulfMark Offshore after previously holding the title of fourth-largest shareholder.
Panamax for Navig8 Navig8 is said to have added a panamax bulker on a period deal.
A shock for tankers? Tanker owners may want to start planning for the future now after a study claimed the rise of electric cars could slash fuel imports over the next 15 years.
BF tankers in doubt BF Tanker's $150m order for 10 tanker/boxship combination carriers in Russia could be halted due to financing difficulties.
ICG faces safety trial ICG's Irish Ferries is facing a trial over the death of a port worker in Dublin in 2011.
Kirkuk exports halted Exports of Iraqi crude from Kirkuk have been halted to the Turkish port of Ceyhan.
ABG shares take flight Rumours regarding the sale of India's ABG Shipyard were reinforced today as the company's share climbed and trading volumes surged.
SSC fixes $77m loan Singapore Shipping Corporation (SSC) has clinched a $77m loan for its new pure car truck carrier (PCTC).
Ferry hits the side At least 18 people were injured on Tuesday when a fast ferry hit the side at Cebu City in the Philippines.
SALT coverage backed Drewry Financial Research has applauded Scorpio Bulkers' decision to look for period contracts as part of an effort to strengthen its balance sheet.
Boa books newbuild Boa Offshore has chosen NorYards for the construction of an inspection maintenance and repair vessel.
Crewman hurt in fall A seafarer has been seriously injured after plunging eight metres into a cargoship's hold in French Polynesia.
Fund ups the ante OppenheimerFunds adds near $4m worth of GasLog Partners stock.
Fearnleys brightens VLGC view Fearnley Securities has hiked its VLGC spot rate forecasts over the next two years.
New boxships pile in Containership newbuilding deliveries are set to hit the highest level since the start of the decade after a sharp rise in arrivals this year, Banchero Costa says.
Orix eyes bulker blitz Orix Corporation is planning to invest JPY 60bn ($492.4m) for the construction of 21 bulk carriers.
Brenner West trims stake One of Ocean Yield's initial public offering investors has reduced its interest in the Oslo-quoted shipowner.
Crew evacuated All 20 crew were safely taken off a Chinese cargoship hit by fire off Vietnam.
Chemical formula failing Chemical tanker owners are facing another year of falling rates as the global fleet continues to grow.
Cargoship gets a tow A German cargoship needed a tow after losing power in a storm off the Indian Ocean island of Reunion.
Crew deals queried Bangladesh's department of shipping (DoS) has been asked to clarify two crew deals signed with Iran.
LA to speed things up The Port of Los Angeles has rolled out a new strategy aiming to reduce the backlog of containers caused by the US ports strike.
Houston closed again The Houston Ship Canal has been closed for the second time in a week following another collision between two vessels.
Zoullas cuts EGLE ties Sophocles N Zoullas is said to have "resigned" as chief executive of Eagle Bulk Shipping, the company has confirmed.
Unveiled: Tool to help in rescues and locating fuel leaks Research-focused radar system produces hourly data.
Global Vision Bunkers expands Singapore ops With the addition of a new bunker trader.
Noryards to build eco-friendly vessel for Norwegian operator Fuel- and cost-efficiency will be among the features.
Dan-Bunkering: New sales manager for Houston office Michael Bruno-Sorensen has been employed with immediate effect.
USCG: Portion of Houston Ship Channel remains closed As salvage crews retrieve an anchor that broke off during Monday's collision between a bulk carrier and tanker.
Data suggests ECA compliance may be patchy But Swedish port welcomes fall in sulphur emissions.
New debtor mentioned in OW case Second company said to have been given huge credits by OW's Singapore subsidiary.
Confusion surrounding terminology for new ECA fuels The need to categorise fuels on BDN and under ISO 8217 specs can lead to misnomers and misunderstandings.
Regional ports feel impact of Ukrainian crisis But prospects for Klaipeda look good.
New CEO for Mediterranean Offshore Bunkering Company But questions raised about transparency.
Singapore cargo prices react to oil company demand BP, PSO in market for fuel oil cargoes.
Minister confirms tax free bunkers' move Policy applies to Indian cabotage trade.
Second collision in Houston Ship Channel in less than a week Toxic chemical leaks from product tanker.
Keel laid for LNG-conversion-ready tanker 'Eco' tanker is the first of a five-tanker contract between US yard and APT.
Promotion at Glander International Bunkering Kim Gade promoted to Senior Bunker/Lubricant Trader and Team Leader.
Moskito a 'valuable tool' for oil removal operations The tool can be adapted for use with different oil removal techniques, firm tells Bunkerworld.
European refiner hit by lower oil prices Annual profit plunges 88%.
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