APM Terminals invests EUR150 million in Savona-Vado Terminal operating giant APM Terminals (APMT) has signed a EUR150 million (USD171 million) deal for the construction and delivery of four ship-to-shore (STS) gantry cranes and 14 automated rail-mounted gantry cranes (ARMGs) for its new Savona-Vado box terminal being built on Italy's Ligurian coast.
Gwangyang port to be energy hub by 2029 The South Korean government wants to remodel Gwangyang port into an energy hub by 2029. The Ministry of Oceans and Fisheries (MOF) held a public consultation in the port city on 13 October to explain the implications of the redevelopment to residents. So far the project, which includes building
Potential for liftboats in South China Sea Despite the depressed offshore and marine market with currently low oil prices, the market for liftboats remains healthy in Southeast Asia, according to one Singapore-based analyst. CIMB Securities analyst Yeo Zhi Bin said in a recent report that there were about 10 liftboats servicing 1,717 oil
Deltamarin and Brevik introduce multigas carrier design Deltamarin, the Finnish subsidiary of the Singapore-based AVIC International group, and Brevik Technology, an affiliate of Fincantieri's Vard unit, have jointly developed a multigas carrier design, which they claim will change the nature of the gas carrying industry and allow conversion of dry bulk
Icon Offshore cancels newbuilding contract, seeks $3.25m refund Malaysia-listed offshore services supplier Icon Offshore has cancelled its shipbuilding contract with Denmark-based Danish Yachts and is seeking a refund of around DKK21.35 million (USD3.25 million). The contract was terminated by Icon Offshore's joint-venture company Icon-FOB Holdings (Icon-FOB)
Australian senate inquiry advocates coast deregulation A Senate inquiry into Australia's coastal shipping yesterday came out in support of opening the coast to international shipping. While the report was welcomed by Shipping Australia (SAL) representing international shipping interests and business, it was condemned by Maritime Industry Australia
Samudera Indonesia wins $70m LNG contract Shipping company Samudera Indonesia has clinched a USD70 million contract to supply liquefied natural gas (LNG) to a power plant in Pomalaa, Indonesia. It will deploy one of its 50 ships to supply the power plant, which is run by the state-owned gold miner Aneka Tambang. However, the Jakarta-based
Ulstein introduces shallow water construction vessel design Ulstein, the Norwegian shipbuilding and ship design company, said it has introduced a construction vessel design suitable for work in shallow waters. The main design driver of Ulstein S182, which is the name of the new design, was to develop a very capital expenditure friendly dynamically
MICT to complete first port expansion phase by end of 2015 Manila International Container Terminal (MICT) is set to finish the first stage expansion of Yard 7 before the end of 2015, parent company ICTSI said in a press statement. The new development will increase by nearly a fifth, or 18%, of the terminal's existing import capacity - considered key by the
Arrested tanker to be auctioned Arrested Singapore-flagged tanker Sophie 9 will be auctioned on 28 October along with its cargo of 4,078 tonnes of marine fuel oil, according to Singapore's Supreme Court records. The 2011-built, 6,141 dwt vessel was arrested in June 2015 under the instruction of local law firm Rajah & Tann
Port state corruption pleas rejected Calls for internal affairs-style bodies to investigate port state graft claims have been dismissed by port state officials who see this as a flag state problem
DryShips downgrades Nasdaq listing in search of more time Economou-led company buys another 180 days as it tries to cure its stock price deficiency woes
Intercargo urges shippers to face up to cargo safety responsibilities Some countries 'more diligent' than others over liquefaction dangers, say dry bulk owners
Darwin port leased for 99 years Chinese company Landbridge Group pays $368m to operate port
Asia-Australia/NZ services consolidate to end overcapacity ANL will effectively take the place of MOL in NZS
Data Hub: Charter Rates Overcapacity and sluggish volumes point to continued softening of the market
Data Hub: Load Factors Disappointing peak season dents Asia-Europe carriers' efforts to tighten utilisation levels
Data Hub: Trade Statistics Double-digit growth for second-quarter North American imports
Strong first half for ABP as volumes fall Multiple commodity revenue increases soften blow from falling coal volumes
Kuehne+Nagel profits rise despite falling revenues US seafreight takes up the slack from Asia-Europe slowdown
China signs $800m deepsea port deal with Gulf of Guinea island nation Investment in São Tomé and Principe is further evidence of China's interest in Africa as part of its Maritime Silk Road vision
PSA International unit launches Indian port project First phase of fourth Jawaharlal Nehru Port terminal set for completion in 2018
BF Tanker eyes further orders on Russian state aid Company will place more orders at compatriot yards if the market situation is favourable, says chairman
Cammell Laird wins UK civil shipbuilding project Order for $307m polar research ship expected to yield significant economic boost to North-West England
US truck driver turnover, demand, rising, ATA says Truck drivers left jobs at large truckload carriers at a faster pace in the second quarter, but that pace was still slower than in any second quarter since 2011. Meanwhile, smaller truckload operators are doing a better job holding onto drivers as the U.S. economy expands more slowly. The truck driver...
Long Beach surpasses goals, looks to advance emissions program The Port of Long Beach has exceeded the 2014 pollution-reduction goals contained in the San Pedro Bay Ports Clean Air Action Plan, and is moving forward with a program to further reduce harmful diesel emissions. The progress that Long Beach and neighboring Los Angeles are making in pollution reduction is crucial...
NY-NJ port's truck replacement program shifts into gear After months of delay, the Port of New York and New Jersey is moving to break a truck-replacement deadlock that motor carriers say threatens their continued ability to serve the U.S. East Coast's busiest port. Truckers are increasingly anxious about the port's clean-air plan, which on Jan. 1, 2017, will ban...
California ports get new funding option Intermodal facilities at the Port of Los Angeles.California Gov. Jerry Brown on Monday signed a bill that will enhance the ability of ports to secure additional bond revenue for infrastructure and environmental projects. This will make it easier for Los Angeles, Long Beach and Oakland, three of the six largest...
NJ warehousing vacancies lowest since before recession Vacancies for warehouses and distribution centers in the "red hot" New Jersey market dropped to 7.2 percent in the third quarter, the lowest rate since the recession took hold in 2007. The low vacancy rate and rising rents mean that shippers using the Port of New York-New Jersey, the second largest...
Another Tianjin warehouse with improperly stored chemicals explodes The aftermath of the explosion. Credit: @cctvnewsA second explosion rocked the city of Tianjin, home to the world's 10th-busiest container port, nearly two months to the day after an explosion in the port area killed nearly 200 people and impacted port operations. The second explosion shares a similar cause to that...
It's up to a shipper to calculate shipment density Q: I have a question regarding those times when a carrier inspects a shipment that is subject to density and they increase the weight but don't change the class. The bill of lading doesn't show the dimensions, but will have the item number and sub, or perhaps just show the...
New reefer technology preserves perishables for extended distances In the hyper-competitive world of refrigerated transportation, ocean carriers are always on the lookout for new solutions to control the atmosphere inside their containers while satisfying their drive for energy efficiency and improved environmental sustainability. It almost goes without saying that the shipping lines' primary goal is preserving the quality of...
Efforts to grow market share drive reefer box buying spree For the better part of the last decade, global container shipping lines have struggled with uncertain cargo volumes and overcapacity in the wake of the global economic financial crises. That's a sharp contrast to the reefer business, which for the most part is maintaining an upward trajectory. Major container carriers such...
Japanese air cargo volumes expected to drop Nittsu Research Institute and Consulting Inc., a subsidiary of Japan's largest international freight forwarder Nippon Express Co., predicts Japan's international air cargo trade will contract for the first time in two years. The Tokyo-based firm revised its previous fiscal 2015 forecast of a 3.8 percent decline to 5.4 percent as Japan feels the effects...
Russia to build deep-sea port in Baltic enclave The Russian government will begin work on a new deep-sea port in the enclave of Kaliningrad, between Poland and Lithuania on the Baltic Sea, by the end of the year. The port, to be situated near the village of Yantarny and serve as a regional feeder hub, is fueled by government...
Kuehne + Nagel boosts profit on switch to US container market LONDON - Kuehne+Nagel's third-quarter operating profit grew 9 percent year-over-year as lower costs and a switch to the U.S. ocean container market from the troubled Asia-Europe trade more than offset negative currency movements. The Swiss global forwarder and logistics group's earnings rose to 230 million francs ($239.2 million) from 211 million francs...
JNPT diversions fuel double-digit growth at Mundra Mundra PortPrivately-operated Mundra Port recorded double-digit container throughput growth in the first fiscal half, driven in part by diversions from Jawaharlal Nehru Port disruptions and congestion that dragged down volumes at India's largest public container handler during the same period. Port statistics obtained by JOC.com show Mundra's volumes grew 10 percent...
UK sells remaining Royal Mail stake LONDON - The U.K. has sold its remaining stake in Royal Mail, raising 591.1 million pounds ($910 million) for a 13 percent shareholding and ending the state's involvement in the 499-year old postal company. The Royal Mail's 143,000 employees were "gifted" a 1 percent stake, raising their total shareholding in the...
NS confident slowing intermodal conversion just a hiccup Norfolk Southern's Rossville, Tennessee intermodal terminal.MEMPHIS - There isn't much to Rossville, Tennessee, in the far eastern reaches of metropolitan Memphis: rolling farmland, stretches of highway and a Norfolk Southern Railway terminal. But, it's the three-year-old intermodal terminal that's the first sign things in Rossville will soon be changing, NS executives...
NewLead suit's new wrinkle NewLead Holdings' coal mining partner has filed for bankruptcy on the eve of giving testimony in a bitter legal fight.
Mearsk, Conti trade claims Maersk Tankers and an affiliate of Conti Reederei have filed $36m worth of claims against each other over a March collision between a chemical tanker and a supramax bulker.
Blake appeals CarVal win Blake Marine Group has appealed a US judge's decision to throw out its more than $60m lawsuit against CarVal Investors over an offshore vessel charter terminated by Mexico's Oceanografia.
Euro lowers NAT guidance Euro Pacific Capital has lowered profit forecasts for Nordic American Tankers heading into what is expected to be a stellar third quarter earnings season for crude owners.
More China for Carnival Carnival Corporation has revealed plans to deploy nearly half of its brands to the booming cruise market of China.
SAAM Smit in debut order SAAM SMIT Towage has picked Dutch yard group Damen for its first newbuilding order since it was formed in 2014.
KNOP buys and extends KNOT Offshore Partners (KNOP) has struck a double deal that will see the company acquire a shuttle tanker and extend the contract of another one for less money.
Latvian banks $17.5m Latvian Shipping Company (LSC) has continued to raise money by selling off non-core holdings.
Profit set for 2017 Golden Ocean and Star Bulk will move back into the black in 2017 in line with a dry cargo market recovery, Drewry Maritime Equity Research said today.
FREE charters out handy Ion Varouxakis-led company wins contract for one of its bulk carriers at an improved rate.
DryShips buys time George Economou's DryShips is shifting to a different Nasdaq board to give it more time to boost its share price.
Burgess Marine expands British shiprepairer acquires the Small & Co dockyard in the port of Lowestoft.
One in, one out There was good and bad news for beleaguered offshore owners in the North Sea market on Tuesday, as a new rig debuted but another platform exited the fray.
Intercargo applauds Bulk Jupiter report Dry bulk shipping association Intercargo has publicly praised the Bahamas Maritime Authority over its report into the loss of the Bulk Jupiter, presenting it as a model to be emulated by other flag states.
Taku in lay-up Alaska Marine Highway System (AMHS) has taken a veteran ferry out of service and will now decide whether to sell it.
Norden investors end pact An agreement between two major Norden shareholders that they would not sell shares in the Danish owner has come to an end.
Artists of the floating world Zim is inviting artists on board its vessel to create works celebrating its 70th anniversary.
Samudera in $70m deal Samudera Shipping has won a $70m contract for the supply of LNG to a power plant in Indonesia.
Cal Dive sells again Bankrupt US owner Cal Dive has reportedly offloaded another veteran vessel.
Darwin port sold Australia is selling a major northern port to Chinese energy and infrastructure group Landbridge.
EdF takes Neda capesize Greek owner Lykiardopoulou is said to have locked one of its capesizes into a period deal with EdF.
Capes should reach $25,000 per day Weak commodity prices should help capesize rates reach $25,000 per day in the final quarter of this year, a leading Greek shipbroker believes.
HHI losses "to continue" Hyundai Heavy Industries (HHI) is reportedly facing more losses in the second quarter as Korean yard woes continue.
Saade's Moroccan mission CMA CGM targets US and European export markets with five services from African country.
Asian lines cut fees China says Asian shipping lines have lowered fees after a row with the country's regulator.
DeepOcean heads south Norway's DeepOcean has won a new contract for a multipurpose support vessel (MSV) in Australia.
Egypt buys 55 LNG cargoes Newly arrived BW Group FSRU is expected to receive shipments starting from November.
Ulstein goes 'capex-friendly' Ulstein has introduced a new "capex-friendly" DP-rated multipurpose construction vessel suitable for shallow water operations.
Gothenburg charges unchanged The Gothenburg Port Authority has decided to leave port tariffs unchanged for the next twelve months in a bid to boost trade.
Further VLCC upside seen A jump in US-bound VLCC voyages from the Middle East should help lift already-high spot rates, said a leading equities analyst.
Intermarine re-hires sales man Intermarine announced that it has hired back Mark Johnson as president of global sales and marketing.
New managing director for Scandinavian Bunkering Vinde replaces Bollerud, who has left the firm.
New hire at Dan-Bunkering At its Dubai office.
Bahri post quarterly profit Lower bunker costs support bottom line.
Interest in LNG bunkering 'bigger than expected' LNG partnership has had queries from several owners two years before production starts.
'Discounted' Iranian fuel oil arriving in Fujairah But trade still relies on fake documents, sources tell Reuters.
KPI Bridge Oil to open new Danish supply station In deal with port to start service from strategic location.
Gloomy outlook for container sector BIMCO: Ever more difficult 'to strike the balance that will see freight rate improvements.'
Singapore's bunker sales drop 10% month-on-month Traders expect volumes to dip further in October due to an underlying rise in crude oil prices.
Panama players to focus on 'best practices' Forum will highlight competitive advantages of Panama in the light of canal expansion.
Decoding the Black Box: Will technology deliver? OW's demise should have led to a paradigm shift in the industry as every link in the chain assessed its weak points, but it was not to be.
OPL bunkering resumes at Mumbai Following end of monsoon weather.
Winding-up petition put back to next month Titan hearing further delayed.
DNV GL tool can aid choice of bulbous bow Energy efficiency a draw to shipowners.
Titan Petrochemicals further defers court proceedings Proceedings were supposed to take place on October 9.
ABS offers guide for scrubber-ready vessels Guide designed to support retrofits of exhaust gas cleaning systems.
DNV GL: Bulbous bow retrofit able to cut fuel bill Latest ECO Retrofit service allows players to cater for different operational scenarios.
CSC calls for oil/gas legal framework CSC also called for investment in training and education to develop the local workforce.
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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