Antwerp boasts 5.9% traffic growth Europes second-ranked cargo port Antwerp saw year-on-year throughput rise 5.9% during 1Q15 to 51.02 million tonnes, pushed by a particularly strong increase in container volumes. Container throughput climbed 8.5% to 28.22 million tonnes and 9.5% on a unitary basis to 2.35 million teu. Liquid bulk
Insurers' fears grow over Yemen Marine insurers are increasingly concerned over the growing tensions in Yemen and the Saudi-led blockade of the country's ports. Insurers have for some time had Yemeni ports on their notification list, with vessels having to notify their insurers of their intention to enter the area. However the
Seafarer groups question "contentment" survey result BIMCO and the International Chamber of Shipping (ICS) have said preliminary results from their surveys for the Manpower Report 2015 shows that seafarers are "content" with life at sea. Both associations said that the results "indicate that the majority of respondents are content with life at sea".
DeltaLangh offers new scrubber deal Finnish scrubber supplier DeltaLangh has launched a new scrubber product to complement its present range along with a financing package that includes quoting a price. So far, the scrubbers, developed by Langh ship owner Hans Langh have been installed aboard his company's ships and recently ro-ro
Weakening Chinese exports behind low box rates Weakening exports from China are a key reason behind record low Asia-Europe container freight rates, said Peter Sand, chief shipping analyst at BIMCO in Denmark. Last Friday, the freight rate including ocean freight and surcharges, was quoted at USD466/teu for the Shanghai to Europe trading lane,
Four LNG carriers diverted from Yemen Four LNG carriers have been diverted from Yemen after the country closed its LNG production following civil unrest. "Yemen LNG declared force majeure on the 6.7 million tonnes/annum (mtpa) Balhaf LNG plant yesterday. All production has been stopped and personnel have been evacuated," said Nicolay
Frontline buys remainder of convertible bond Frontline has announced that it has bought back the rest of a USD190 million convertible bond on maturity on 14 April. Frontline Ltd, the listed VLCC and Suezmax operator in John Fredriksen's business empire, said it had redeemed the remaining outstanding of USD93.4 million under its 4.5% Frontline
Tanker explosion in Belawan Port kills three An oil tanker exploded at the Port of Belawan, Indonesia, on 13 April, killing three shipyard workers. Indonesia-flagged Palu Sipat, owned by the national oil company PT Pertamina, was docked at the port for repairs when it caught fire and exploded at 17:00 h local time, killing three PT Waruna
Bulker arrested after major accident in Louisiana A Greek bulker that broke free of its moorings on the Mississippi River in Louisiana has been arrested by US marshals. The Bariba Group-owned, 81,434 dwt bulker Privocean was arrested on 13 April after it damaged a tanker, towing vessels, and an oil dock. Officials are now seeking damages of
Yantai port co-invests in Guinea bauxite port China's Yantai Port Group, together with three other firms in China, Singapore, and Guinea, invested an undisclosed amount in the port in Boke, Guinea, in West Africa to further develop Guinea's bauxite trade. The three companies are Shandong Weiqiao Pioneering Group, Singapore's Winning
MPA commences dredging works in East Samulun Basin The Maritime Port Authority (MPA) of Singapore announced that it is to commence dredging works off NSL Oilchem, at East Samulun Basin, Singapore from 20 April to 20 August. The dredging works will be undertaken by marine dredging company East Marine Holdings, according to the MPA's issued notice
Evergreen launches new ship for Asia Pacific-Red Sea service Taiwanese carrier Evergreen Marine Corp introduced a new vessel for its Asia Pacific-Red Sea service on 14 April, replacing an older vessel. The 8,508 teu Ever Lyric was built by CSBC Corporation in Taiwan. Ever Lyric is the eighth of Evergreen's L-type vessels. The application of a new
Swiber bags USD133 mil. EPIC contract in India Singapore-listed offshore services provider Swiber Holdings has secured a USD133 million contract for engineering, procurement, installation, and construction (EPIC) services in India. The contract marked Swiber's third major contract in India since the start of the year, awarded by the same oil
Bumi Armada secures USD300 mil. FSU contract in Malta Singapore-listed offshore services provider Bumi Armada has secured a contract worth USD300 million to supply, operate, and maintain an LNG floating storage unit (FSU) in Malta. The contract was signed by Bumi Armada's wholly owned subsidiaries Armada Floating Gas Storage Malta (AFG Storage) and
Chemical tanker recovery might only be seen in 2016 The long-awaited recovery for chemical freight rates might only be seen in 2016 at the earliest. Despite shipowners hoping for a sustained recovery since 2010, the near-term fundamentals are not in favour of the sector, said Italian shipbroker Banchero Costa. Despite hopes for a turnaround, 2014
Avance Gas expects defective VLGC Monsoon to be back in service in May Actions being taken to check if Avance's other China-built VLGC newbuildings have similar faults
Rafi Danieli sees US trades as central to Zim's recovery effort Israeli line builds on its strengths after dropping Asia-Europe services last year
CSC Phoenix returns to black in 2014, plans resumption of trading Dry bulk unit of Chinese state giant Sinontrans & CSC underwent successful restructuring
Iran oil impact could be positive for tankers Exports could maintain cargo glut, keeping tankers in demand and potentially boosting demand for floating storage
DryShips warned by Nasdaq as share price slumps George Economou-led company now has a 180-day grace period in which to regain compliance
Shipowners' groups unite to fight cyber-attacks Bimco, Intertanko, Intercargo and ICS urge owners to take cyber-security seriously
North American east coast ports increase share of transpacific trade Volumes to both Pacific and Atlantic seaboards up in February following late Chinese New Year
VLCC spot rates hold due to global glut of oil and limited fleet growth China's plan to match US storage levels would increase demand for the big 2m-barrel tankers
Yemen LNG stops exports amid security fears Blow to LNG shipping as around 3% of volumes are removed from global market
Truck driver shortage seen threat to intermodal growth ORLANDO, Florida - The truck driver shortage was supposed to push freight from the highways to intermodal rail, but now that shortage may be the biggest threat to intermodal growth. Drayage truck drivers are increasingly hard to find, and that hurts intermodal service even when trains run on time, speakers...
Florida governor trumpets Jones Act cargo win during California trade mission Following a meeting with Nestle representatives during his California trip to drum up West Coast cargo business for Sunshine State ports, Florida Gov. Rick Scott on Monday announced the food and beverage company would shift some cargo to the Port of Jacksonville. It's not clear whether Scott's meeting tipped the scales...
Charleston sees 6.8 percent growth in box volume for March The Port of Charleston posted a 6.8 percent year-over-year increase in loaded 20-foot-equivalent-unit containers and a 13.7 percent rise in total loaded and empty TEUs during March. Click to enlarge March volume was 66,428 TEUs of loaded exports (up 3.4 percent), 69,414 TEUs of loaded imports (up 10.2 percent), and 171,113 TEUs...
Cass Index shows slowing growth in freight shipments U.S. freight shipments increased just 0.3 percent in March, down 5.1 percent year-over-year, according to the Cass Freight Index. Click to enlargeAvondale Partners, which produces the index for Cass Information Systems, tied the steep decline to the recent economic slowdown in America, poor fluidity on the U.S. West Coast and the...
JLL Leases 30 Stewart Place in Fairfield, NJ, for Patti Brothers EAST RUTHERFORD, N.J., April 14, 2015 - JLL recently completed a new lease for building owner Patti Brothers LLC at 30 Stewart Place in Fairfield, N.J., with Excellentia Flavours LLC. The custom ingredient solutions company signed a long-term lease for the entire 33,300-square-foot warehouse and distribution facility.Patti Brothers was represented...
WCI PRAISES CHAIRMEN ROGERS AND SIMPSON, AND HOUSE APPROPRIATORS, FOR INCREASED FY '16 FUNDING WCI today praised the leadership of House Appropriations Committee Chairman Hal Rogers (R-KY) and Energy & Water Development (E&WD) Appropriations Subcommittee Chairman Mike Simpson (R-ID) that led to unanimous approval of a bill that will significantly increase funding in FY 2016 for the U.S. Army Corps of Engineers' Civil Works...
C.H. Robinson and MIT Develop New Model for Carbon Emissions EDEN PRAIRIE, MN (April 15, 2015) - With sustainability a topic of significant interest among many in the logistics industry, C.H. Robinson and the MIT Center for Transportation & Logistics (MIT CTL) have combined to develop research aimed at finding ways to better quantify carbon emissions at the Less-Than-Truckload (LTL)...
FEDNAV LEADS THE WAY WITH AN INNOVATIVE BALLAST WATER SOLUTION ON THE GREAT LAKES Montreal, April 15, 2015 - Fednav Limited, the largest Canadian operator of international ships in the Great Lakes-St. Lawrence Seaway system, today announced an order for 12 ballast water treatment systems to equip its ships currently under construction. This makes Fednav the first shipping company in Canada and the Great...
Part 1: Creating a Common Foundation for the Agile Supply Chain Today's supply chains are anything but simple. Made up of hundreds of partners spanning continents and oceans, they contain a bewildering number of moving parts. Disruptions - like strikes, natural disasters, economic sanctions, etc - can bring a supply chain to its knees. Even normal market fluctuations in demand, particularly...
Part 2: Using Communities to Bridge Partitions Partitions are natural in business. Each employee has a specific role, and each division specializes on a specific product or function within the enterprise. These partitions often become more fragmented over time. Multi-enterprise operations add another dimension to these partitions, one that unnecessarily decreases efficiency while increasing costs. As it...
Part 3: Customer Centric TMS from a Global Supply Chain View Customer experience is critical to today's supply chains. Unique supply chain needs require detailed attention. In scenarios where disruptions occurring within a silo impact final delivery, companies want to be proactive. The more proactive a company is, the better chance it has of preserving the customer experience. Creating a global...
Oakland volume rebounds from two-month dip Containerized imports of full containers through the Port of Oakland posted a 39.4 percent year-over-year increase in March, reversing sharp declines caused by congestion during the first two months of 2015. Click to enlargeImports totaled 84,203 20-foot-equivalent units in March. The volume contrasted starkly with the 35,923 TEUs in February, when...
Gleaning the best of Top 50 trucking firms Full-size chartJ.B. Hunt grew its top line revenue by 10.4 percent in 2014 from 2013. While this mark may not be noteworthy by itself, what is unique is that this marks the fifth consecutive year J.B. Hunt increased its revenue by double digits. Even ODFL cannot make this claim as...
Savannah's container loads jumped 23.7 percent in March West Coast congestion contributed to a year-over-year increase of 23.7 percent in full containers handled at the Port of Savannah during March. Including empty boxes, volume jumped 27.8 percent. Click to enlargeThough the increase pushed Savannah's Garden City Terminal close to its annualized capacity of 4.5 million to 5 million 20-foot-equivalent...
Antwerp container traffic surges 9.5 percent Antwerp's container traffic surged 9.5 percent in the first quarter from a year ago, outpacing growth in all other cargo sectors. Europe's third-largest container hub handled 2.35 million TEUs, up from 2.15 million TEUs in the first three months of 2014. The first-quarter increase is more than double the 4.5 percent...
Are you ready for trucking's new liability limits? Although there's plenty of speculation about how the proposed liability insurance increase would affect small and independent owner-operators, those looking for straight answers might be disappointed. With the Federal Motor Carrier Safety Administration's 90-day comment period over, one thing is clear: The camps for and against the increase are highly...
Revenue growth returns at the world's largest logistics companies The world's 50 largest logistics companies generated nearly $248 billion in revenue last year, up nearly 5 percent from 2013's $237.4 billion, according to Pittsburgh-based research and consulting firm SJ Consulting Group. Although organic growth increased, the changes in the rankings reflect a significant number of consolidations. XPO Logistics vaulted onto...
Shippers grapple with fresh round of delays at APMT Mumbai Shippers and logistics providers using APM Terminals-operated Gateway Terminals India, or APMT Mumbai, are still facing delays because of bottlenecks related to rubber-tire gantry crane operations and gate activity, according to shipping sources in Nhava Sheva. A surge of volumes via India's busiest state-owned container port complex, also known as Jawaharlal...
Hong Kong's March container throughput plummets HONG KONG - Container throughput decline in Hong Kong plunged by double-digits in March when the port handled 13.5 percent fewer containers than during the same month last year, the government's Port Development Council data shows.It was the ninth straight month of falling volumes compared to last year and continues...
Royal adds to Oz fleet Royal Caribbean International is adding one of its giant newbuildings to its fleet serving the Australian market, the cruise line said.
Fednav inks ballast deal Fednav has invested in 12 ballast water treatment systems for its newbuildings at Oshima Shipbuilding, a decision that the shipowner says comes well before the regulatory mandate for the equipment.
Princess ups Oz fleet Princess Cruises is boosting its fleet homeported in Australia by 20% by sending a fifth ship to the country for the 2016-2017 season.
Glencore adds another Glencore has added a panamax bulker to its period fleet to continue a busy time for the company's shipping desk.
Toisa books two Gregory Callimanopulos-controlled Toisa has plumped for a new facility, Qingdao Wuchuan Heavy Industry Co. (QWHI) to place an order for two DP2 multipurpose offshore construction and ROV support vessels.
Monsoon set to return Avance Gas believes a new VLGC dry docked after a technical problem will be back in action within a month.
Two dead at Changxing Two workers have died after a crane fell at Changxing Shipyard in Shanghai, China, on Wednesday.
DryShips to defend listing DryShips is mulling a reverse stock split in order to maintain its status on the Nasdaq Stock Exchange.
Vard goes in-house Vard Holdings has set up a new company to service its shipyards.
Desperate times Norwegian supply ship owners changing flags to counteract dire North Sea spot market.
Piraeus saga continues A Greek government official has said the country's ports are not for sale, adding to the uncertainty already surrounding the privatisation of Piraeus.
Sevan plots way forward Oslo-listed Sevan Marine is considering its options in a strategic review designed to exploit its full potential.
New Zim pledges profit Israeli container line Zim will make a profit in 2015 - its first for eight years.
Clarksons onto FTSE 250 Clarksons has been promoted to the FTSE 250 index on the London Stock Exchange.
Tanker blast kills four An explosion on a Pertamina tanker has left four shipyard workers dead in Indonesia.
Hong Kong reduces emissions Vessels berthing at Hong Kong will have to use low-sulphur fuel after the local legislative council approved air pollution control regulations.
Meyer Werft takes control Germany's Meyer Werft has taken full control of its Turku shipyard in Finland.
Bond bridge crossed John Fredriksen's Frontline today confirmed it has cleared up any issues surrounding a convertible bond.
NWS increases profit Russia's North-Western Shipping (NWS) has boosted its profit for 2014 as revenue rose.
WB culls panamax unit Western Bulk is set to close its panamax bulker unit, the Oslo-listed shipowner confirmed Wednesday.
Eimskip lands loans Icelandic container line Eimskip has agreed financing worth up to EUR 22m ($23.41m) to expand its cold storage capacity.
Ore export plan halted Canada's Nunavut Planning Commission has turned down an exporter's bid to expand shipping operations from the Mary River project on Baffin Island.
Swiber's Indian hat trick Swiber Holdings has secured another engineering, procurement, installation and construction (EPIC) contract in India.
GTT starts strongly GTT is reporting a 'strong start to 2015' despite first quarter revenues declining 7.5% to EUR 54.7m ($58m).
Box Ships doubts remain Auditors have included a "going concern" statement in Box Ships' annual report for the second consecutive year but the company believes it will overcome the financial uncertainties.
Impact of Vancouver fuel spill 'could take months' to measure 'We don't have a good sense as to what the impacts might be under the surface of the ocean,' says researcher.
Aid ships delayed in Yemen Ships carrying food, medicine and relief aid face inspection delays.
Vopak workers to strike at Dutch terminals One-day strike to occur on April 22 at ll locations.
Cruise lines working with authorities in bid to cut emissions Carnival Australia denies 'thumbing its nose' at community concerns.
Fednav to install ballast water treatment systems On a string of newbuilds.
Legal action to follow Vancouver bunker spill City aims to recoup outlay on meeting pollution threat.
Marine technology firm installs 'hybrid' scrubber Unit has both open- and closed-loop options.
Barge avails 'tight' in South Korea 'Prices are still reasonable,' says trader.
ULCVs: 'No let-up in ordering frenzy' Orders are 'pushing back the date' when supply and demand will meet.
Report: Rise of LNG as bunker among 'most evident' trends Several push factors contributing to change, says Sustainable Shipping Initiative.
Fishing vessel sinks with fuel onboard Off the Canary Islands.
Legislature formally passes fuel switch regulation Hong Kong rules will be applied from July 1.
UAE-based bunker player renames subsidiary Aims to become a $4 billion company by 2016, says spokesman.
Indonesia grants tax relief on bunker fuel exports Tax exemptions issued for exporting 380 cSt fuel oil and MGO, on certain conditions.
Norwegian firm orders hybrid-electric supply vessel Propulsion system claims up to 25% energy savings.
Russian seaport reports monthly bunker sales Port saw more calls from smaller vessels.
Vancouver: Bunker spill cleanup '90% complete' Fuel drifted 12 kilometres from the spill site.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
