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
US Jones Act fleet safety called into question after El Faro Sonar equipment deployed in El Faro search. Credit: US NavyThe deadliest marine casualty in recent history involving a US-flagged cargo vessel has called into question the safety of the United State's Jones Act fleet and scrutiny of the country's maritime regulations. When the ro-ro container ship El Faro sank in...
Neptun Werft wins double-ended ferry order Rostock-based Neptun Werft has secured a second ferry order from German owners. At the end of last month Wyker Dampfschiffs-Reederei Fohr Amrun (WDR) contracted the shipyard to build a repeat ferry similar to the double-ended ferry Schleswig-Holstein that Neptun delivered to the owners in December 2011. The new ferry will be...
Carriers on Asia/Europe routes perform better than trans-Pacific, says report Container trade. Credit: Port of HamburgCarriers on the Asia-Europe trade were on time more often in the past 12 months than their trans-Pacific counterparts, according to a study of container shipping schedule reliability by CargoSmart. The shipping software solutions provider, launched by OOCL in October 2000, reviewed the schedule reliability of the three main east-west trades...
Taking corporate social responsibility seriously at ports I sat up and took notice the other day when something you don't see too often crossed my desk. A press release jointly issued by five of the world's largest global terminal operators and one major port authority that announced the successful completion of a joint global environmental initiative. The...
Klaveness sells five self-unloading vessels to Canada's Algoma and CSL Klaveness Ship Holding (KSH), part of the Norwegian privately-owned ship-owning group Torvald Klaveness, has agreed to sell five self-unloading bulk carriers to Canadian principals, the Norwegian company said in a statement. Under the terms of the agreement, affiliates of Algoma Central Corporation, and CSL Group will each acquire two vessels and...
Hurtigruten refit contract revives Norway's Fosen shipyard Fosen Yard, Norway. Credit: PAA contract to refurbish five Hurtigruten ships has breathed new life into the Fosen shipyard in Rissa on the west coast of Norway after bankruptcy of its previous owner. Hurtigruten, which operates a coastal express ferry service in Norway and expedition cruising, will invest a total of NOK550...
Tallink sells ferry then leases it back to cover route Superstar can carry 2,080 passengers. Credit: John PagniEstonia's Tallink Grupp has announced a sale-charterback deal for its fast ferry Superstar. The vessel was sold to - and leased back from - its subsidiary Tallink Superfast Ltd and Medinvest SpA, which operates as Corsica Ferries Group for EUR91.5 million (USD98.4 million). Superstar will continue...
Taking corporate social responsibility seriously I sat up and took notice the other day when something you don't see too often crossed my desk. A press release jointly issued by five of the world's largest global terminal operators and one major port authority that announced the successful completion of a joint global environmental initiative. The...
Newbuilding LNG Carrier for Kansai Electric Power Named LNG JUROJIN Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today took part in a naming ceremony for the newbuilding liquefied natural gas (LNG) carrier (*1) LNG JUROJIN, which is co-owned by MOL and Kansai Electric Power Co., Inc. (KEPCO; President and Director: Makoto Yagi; Headquarters: Osaka City, Osaka Prefecture),...
Australia transport watchdog unimpressed with ship safety Two seafarers almost died at Port Hedland. Credit: PAThe International Safety Management (ISM) Code introduced in 1993 is failing seafarers, according to Australia's accident investigation centre. The Australian Transport Safety Bureau's (ATSB's) general manager for Surface Safety Investigations Peter Foley told IHS Fairplay that where the Ships of Shame report in 1992 was a...
Former CP Ships chief Ray Miles passes away at 71 Raymond R. Miles, who headed CP Ships and Canada Maritime and helped shape the course of container shipping during a 43-year transportation career, died on Friday after a brief illness. He was 71. Miles began his career in 1972 with Ocean Transport & Trading in Liverpool. He was named executive vice...
'Garnet' sale hits Diana Containerships results Owner posts net loss as lower charter rates also nibble at earnings
Profit-sharing lifts Navios Acquisition to record results Owner confirms double VLCC purchase but is also buying back own stock
Why smart and small still works Smaller owners are often more clever at inserting themselves as intermediaries in maritime supply chains
Growth in transpacific traffic starts to slow But box volumes from Asia to North America remain healthy and particularly to Canada's Pacific Northwest
Another fire breaks out at DSME yard One worker is killed and seven are injured
OSG issues rare warning on US Jones Act tanker market Softening market conditions and regulatory compliance costs to weigh on decision to scrap six US-flag articulated tug barges
Pitfalls remain in post-sanctions Iran Counterparty due diligence in respect to terrorism and human rights issues must be maintained, while restrictions are still in place with regard to 'US persons'
DP World Australia and Tasports join forces to develop Tasmanian terminal Terminal operators announce plans for a new 2m teu facility at Port Burnie with laws restricting the movement of domestic cargo expected to be lifted
Arronax: EU-backed Mona Lisa project on track to demonstrate achievements Is Mona Lisa 2.0 the shipping industry's smart phone moment - You don't know you need it till you get it?
Better rates boost Gener8 profits to $32m Peter Georgiopoulos-led tanker giant sees 148% rise in voyage revenues in June-September
Qube announces Asciano takeover plan Ports firm Qube's offer narrowly beats rival bid from Canadian asset manager Brookfield
Yang Ming chairman: Ultra large containerships? Just say no Carriers need to call it quits on the war for market share, says Lu
El Faro operations halted due to Tropical Storm Kate Storm strengthening as it moves away from the Bahamas
Seatrade to acquire four handysize reeferships Ships to be delivered from Guangxin Shipbuilding & Heavy Industry's facility in Zhongshan, China, in 2017
Triton and TAL all-stock merger to create world's largest intermodal container lessor New holding company is expected to be listed in New York
Safe Bulkers posts $7.5m loss Dry bulk operator feels impact of cancellation in wake of Daiichi Chuo meltdown
Brazil trucker strike to intensify as Santos stevedores join in Credit: Pedro VicenteStevedores at Brazil's port of Santos, Latin America's largest container port, will join striking independent truck drivers demanding the resignation of President Dilma Rousseff. The truckers have caused limited disruption throughout the country since their demonstration began Monday, but the lay off of 4,000 workers from the Usiminas steel...
What shippers should consider when choosing a port Rich Higgins, director of global logistics at Rockport Group, recently told the New England Cargo Symposium in Foxboro, Massachusetts what should be asked and considered whenever a shipper evaluates which port to integrate into its supply chain. First, to qualify for integration into the shipper's supply chain, a port must be...
November forecast to be a strong month for US ports Retailers anticipate a jolly November for U.S. ports, with the National Retail Federation predicting that containerized imports will increase 8.3 percent over November 2014. Furthermore, last-minute importers of holiday merchandise should experience little if any port congestion. "Conditions aren't perfect, but the ports are running reasonably well," said Jonathan Gold, vice...
Weather, influx of larger ships behind recent Panama Canal delays Nearly a month after a queue of ships began to mount on either side of the Panama Canal, canal authorities say they are now taking steps to expedite the traffic, decrease transit times and reduce the current backlog of vessels. Despite claims to the otherwise, the Panama Canal Authority said the...
Industry collaboration could be key to more than port congestion I sat up and took notice the other day when something you don't see too often crossed my desk: a press release jointly issued by five of the world's largest global terminal operators and one major port authority that announced the successful completion of a joint global environmental initiative. The activities...
Race to the top heats up for global transportation companies 2015 is coming to a close, and there have been numerous events over the last year that will shape how the ranking of the world's top transportation and logistics companies looks at the end of 2016. Although UPS is currently the world's largest transportation company, its reign may be short-lived,...
VIDEO: Reliability one of shippers' biggest concerns Chris Logan, senior director, trade development, Georgia Ports Authority, discusses challenges facing shippers, cargo diversions, and the expansion of the Panama Canal 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 the JOC Inland Distribution Conference...
Brazil's second-largest container terminal set to begin dredging Brazil's second-largest container terminal, Terminal de Conteineres de Paranaguá at the port of Paranagua, will soon be able to handle ships of more than 10,000 twenty-foot-equivalent units as a result of dredging. The Administração dos Portos de Paranaguá e Antonina, the port authority for Paranagua, which is also Brazil's biggest port...
Kintetsu World Express's net profit soars Kintetsu World Express Inc.'s group net profit surged 40 percent year-over-year in the first half of the fiscal year on the back of solid revenue growth driven by a weaker yen and brisk overseas cargo movements, especially in the U.S. The Tokyo-based company posted a net profit of 4.140 billion yen...
Odessa port begins expansion work Odessa portCapacity at Ukraine's Odessa seaport will increase to 400,000 twenty-foot-equivalent units annually by 2017 thanks to the addition of a second phase to the existing container terminal. The $220 million expansion will take place despite the fact Odessa's container volume has fallen 12.5 percent year-over-year to 271,200 TEUs from January...
Adani Group buys Kattupalli Port Adani Ports and Special Economic Zone, the biggest India port operator, reached an agreement to acquire Kattupalli Port, a minor port complex built by domestic engineering group Larsen & Toubro Ltd. "APSEZ through its subsidiary Adani Kattupalli Port Pvt. Ltd. has entered into an arrangement to take over the operations of...
Asia-Europe lines more reliable than trans-Pacific, study shows HONG KONG - Carriers on the Asia-Europe trade were on time more often in the past 12 months than their trans-Pacific counterparts, according to a study of container shipping schedule reliability by CargoSmart.The shipping software solutions provider, launched by OOCL in October 2000, reviewed the schedule reliability of the three...
Felixstowe opens extended mega-ship berth The new cranes arriving at the newly-extended berth at Felixstowe.LONDON - The port of Felixstowe has officially inaugurated an extended berth that will enable it to simultaneously handle two mega-ships of more 18,000 twenty-foot-equivalent units of capacity.The U.K.'s largest container port has also acquired three new ship-to-shore gantry cranes to...
Rotterdam increases discounts on transshipment cargo and feeders The Port of Rotterdam's Maasvlakte 2 terminal, reclaimed from the North Sea.The port of Rotterdam has increased the discount for containers that are transshipped to other Europe ports and has extended the discount for feeder containers.From January the average eight euro ($8.80) tariff for a deep sea container will be...
Asia-Europe lines more reliable than trans-Pacific, study shows HONG KONG - Carriers on the Asia-Europe trade were on time more often in the past 12 months than their trans-Pacific counterparts, according to a study of container shipping schedule reliability by CargoSmart.The shipping software solutions provider, launched by OOCL in October 2000, reviewed the schedule reliability of the three...
Felixstowe opens extended mega ship berth LONDON - The port of Felixstowe has officially inaugurated an extended berth that will enable it to simultaneously handle two mega-container vessels of more 18,000 TEUs capacity.The UK's largest container port has also acquired three new ship-to-shore gantry cranes to work on the quay of its newest terminal which has...
Rotterdam raises discounts on transshipment cargo and feeders The Port of Rotterdam's Maasvlakte 2 terminal, reclaimed from the North Sea.LONDON - The port of Rotterdam has increased the discount for containers that are transshipped to other European ports and has extended the discount for feeder containers.From January the average eight euro ($8.80) tariff for a deep sea container...
China's distribution chain faces Singles' Day tsunami of parcels China's distribution network can be choked by huge parcel volumes during busy periods.HONG KONG - China's top online retail platforms will be deploying enormous logistics resources to cope with the package volume generated by this week's Nov. 11 Singles' Day shopping festival that could see more than 1.5 billion orders...
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