Fercam starts second ro-ro service to Tunisia Italian logistics provider Fercam has started a second service to Tunisia to supplement its well-established ro-ro service from Genoa. The twice-weekly ro-ro service will start from Livorno and call at Civitavecchia and Salerno before heading for Tunis. It will use vessels belonging to Grimaldi and
China's soyabean imports rise 26.6% y/y in June China has imported 8.09 million tonnes of soyabean in June, up 26.6% from 2014 and 32% from May, according to data released by customs on 14 July. The country has imported a total of 35.16 million tonnes of soyabean for the period of January to June, rising 2.8% year on year (y/y), and the value
ReCAAP ISC posts 18% rise of incidents in 1H15 Singapore-headquartered anti-piracy organisation ReCAAP Information Sharing Centre (ReCAAP ISC) has recorded 106 piracy incidents in Southeast Asia in the first half of 2015 (1H15), an increase of 18% year on year. Out of the 106 incidents, six cases were classified as attempted incidents, while
ZPMC clinches $700m port machinery order from DP World Shanghai Zhenhua Heavy Industries (ZPMC) has won a USD700 million order from DP World to supply port machineries for the company's automated container terminal in Dubai. The order mainly covers quay cranes and rail cranes, which are scheduled to be delivered in phases within three years, a
Singapore to address shortage of marine engineers The Singapore Maritime Officers' Union (SMOU) has introduced a new programme to encourage Singaporeans to pursue careers as marine engineers. Having worked for years to address the shortage of Singaporean seafarers, the SMOU and its training arm, Wavelink Maritime Institute, will team up with the
Distressed asset specialist keen to buy Daebo's debts A specialist in distressed assets has expressed interest in buying over some debts of troubled South Korean dry bulk shipping outfit Daebo International Shipping. Robert Southey, co-founder of UK-based Trench Capital Partners, told IHS Maritime that his firm is contacting as many of Daebo's
Europe-US gasoline trade approaches record spot rate high Earnings moving closer to $36,000 per day peak amid high demand for gasoline cargoes
Canada wins more traffic from US rivals Traffic from Asia returns to the Pacific coast after US west coast dispute is resolved, but heads north to Canada
How can eight product tankers fetch $1bn? Aker Philadelphia Shipyard values its tankers at a significantly higher price than non-Jones Act vessels
Force majeure still in place at Ras Lanuf Internationally recognised government threatens to detain vessels calling at Libyan oil port
Migrant rescue guidelines updated But governments still need to take on responsibilities, trade associations argue
No respite for west coast ports June throughput figures show decline
CMA CGM boosts West Africa service EURAF 4 loop will make additional Mediterranean port calls, adding Malta, Livorno, Genoa, Fos-sur-Mer, Barcelona and Valencia
London P&I hits $3.2m deficit after heavy claims year 14 casualties topped $1m mark, with two falling on IG pool
Single windows: customs turf war ends in major own goal for Europe System designed to simplify maritime trade has created an 'administrative nightmare'
Aker Philadelphia Shipyard divests $1bn shipping assets Move to streamline company and create shareholder value
Rio Tinto boosts Australian exports The mining behemoth is looking to maximise asset efficiency after reporting strong quarterly and half-yearly exports
DSME hands Songa Offshore an arbitration notice Move appears to be connected with recouping losses associated with construction of four semi-submersibles at South Korean yard
Acquisition enhances UPS's luxury item shipping business UPS expanded the insurance and logistics services it offers shippers of high-value cargo such as jewelry by acquiring Insured Parcel Services from G4S, a global integrated security company. The IPS purchase, made by UPS Capital, follows the acquisition of Parcel Pro, a logistics provider specializing in high-value goods such as jewelry...
'Working together is key to improving supply chain', says GSF report 'Working together is key to improving the transport and logistics supply chain' is the headline message from the 2015 Global Shippers' Forum (GSF) Annual Report. As the GSF concludes its first financial trading year 2014-15, its Annual Report reflects on the achievements of the past 12 months including how it has...
A.N. Deringer, Inc. Extends Commitment to CargoSphere Rate Technology Chapel Hill, North Carolina - CargoSphere, the leading, cloud-based global rate management solution, featuring confidential Rate Mesh, today announces that longstanding client, A.N. Deringer, Inc., a well-established Customs House Broker (CHB) and global freight forwarder (FF), recently renewed their commitment to the CargoSphere rate technology platform. By extending their business...
Hactl passes GDP annual audit Hong Kong Air Cargo Terminals Limited (Hactl) - Hong Kong's largest cargo handler - has successfully passed its World Health Organisation (WHO) Good Distribution Practices (GDP) annual surveillance audit. The audit is required in order to maintain GDP accreditation. Hactl achieved GDP accreditation - covering the provision of handling, logistics and...
Dennis Daggett in line for ILA's No. 2 post Dennis A. Daggett, son of International Longshoremen's Association President Harold Daggett, is expected to win election next week to the union's second-ranking office. As executive vice president, the younger Daggett is seen as a likely eventual successor to his father, who will seek a second four-year term at the ILA's quadrennial...
MSC tests the Iranian waters Mediterranean Shipping Co. is testing the waters in Iran as it appears more likely United Nations sanctions will be lifted as part of a new nuclear agreement between the West and the pariah state. Even before the tentative deal was announced earlier this week, World Trade Services, a sister product of...
Marseille Fos container volume grows as port expands Port of Marseille FosThe French port of Marseille Fos is off to a strong start in 2015, with overall cargo volumes up 6 percent and containerized traffic at the deep-sea port up 10 percent. In the first half of 2015, the port saw its overall volume of 20-foot-equivalent units grow 8...
CMA CGM strengthens Med-West Africa service CMA CGM is beefing its Mediterranean to West Africa service less than a week after announcing a general rate increase from East Asia to West Africa, suggesting that container volumes in the region are growing. Effective July 18, the EURAF 4 service will gain six new calls, bringing the total to...
Industrial European shippers gain access to CEVA spare parts hub European shippers needing industrial spare parts to prevent the stalling of production lines will be able to take advantage of a new global distribution hub. CEVA Logistics new 129,000 square foot facility in Born, the Netherlands, has 28,000 bin locations, 32,000 square feet of floor storage and a 108,000 square foot...
Senate to consider US port productivity bill WASHINGTON - A U.S. Senate committee Wednesday voted to send new legislation requiring U.S. ports to provide monthly productivity reports to the federal government to the Senate floor. The bill, an effort to avoid a repeat of the crippling congestion that plagued West Coast ports earlier this year, sparked a partisan...
US freight shipments slow, shipper spending rises in June Freight shipments within the U.S. slowed in June, rising only 0.2 percent from May, after climbing 2.3 percent that month, according to the latest Cass Freight Index. Freight payments by shippers rose 2.4 percent last month, compared with 1.5 percent and 1.6 percent in May and April. Shipments and expenditures are down...
Improving Supply Chain Data: Technology Innovations in Transportation with Madison Jordan DDC FPO's Madison Jordan discusses ways all companies can reduce errors and gain better data, as well as tips on working successfully with a technology partner. DDC FPO processes 135,000 bills of lading each night and 20 percent of all less-than-truckload bills in the U.S. For more podcasts and editorial...
Five-month highway stopgap heads to US Senate after House passage WASHINGTON - The U.S. House of Representatives has passed an $8 billion measure to extend federal highway funding through the end of the year. It's enough time, Republicans say, to find a long-term solution for the Highway Trust Fund's chronic shortfalls. The 312-119 vote Wednesday will leave the next move in the...
Moving Outside the Firewall: Technology Innovations in Transportation with Scott Nelson Senior Content Editor Alessandra Barrett interviews Trax Technologies' Founder Scott Nelson, a pioneer in automated freight processing, on where the evolution of technology will next bring transportation and logistics services. Nelson also gives advice on focusing on the right problem, improving data in-house, and increasing its usefulness. ...
US transport job openings spike 59 percent, but hiring lags Moderate second-quarter economic growth in the U.S. is generating strong demand for transportation workers, from truck drivers to receiving coordinators to warehouse laborers. Employers are having a tough time finding workers willing to take those jobs. At the end of May, there were 100,000 more job openings at U.S. transportation, warehousing...
German, Austrian firms fined $54 million for fixing rail freight rates LONDON - German logistics operator DB Schenker and Austria's Express Interfracht have been fined a combined 49 million euros ($54 million) by European Union trust busters for fixing freight rates for eight years. Kuehne+Nagel, the Swiss global forwarding and logistics company, was also guilty but was granted immunity and forgiven its...
Hapag-Lloyd IPO, NOL sale reports fuel merger speculation LONDON - Reports in the past twenty four hours that Hapag-Lloyd has hired investment banks to advise on an initial public offering and the Singapore government is selling its majority stake in Neptune Orient Lines have refuelled speculation of a merger between the two ocean carriers. The timing of the -...
The trickle-down effects of Alliance-omics The 1980s brought us Reaganomics. 2012 brought us Abenomics, the economic revitalization effort by Japanese Prime Minister Shinzo Abe. And a year after China's surprising rejection of the P3 partnership among the world's three largest ocean carriers, it's clear container lines have adopted their own form of economics. Call it...
Port of Santos wary as new rival rears its head Port of SantosThe Brazilian port of São Sebasti'o is poised to receive 1 billion reais ($318.5 million) of investment which will involve new terminal concessions for containers and general cargo, putting its well established rival, the Port of Santos, on edge. S'o Sebasti'o is the nearest neighbor to the Port of...
APMT Mumbai still wracked by congestion There is still no sign of an end to the congestion and delays that have long plagued APM Terminals-operated Gateway Terminals India in the Nhava Sheva port complex, India's largest container gateway. Citing long vessel wait times, CMA CGM in a trade advisory said its next voyage of the China-India-Middle East...
Hong Kong port hits 12 months of declining volumes HONG KONG - The port of Hong Kong reached a dismal milestone in June, posting its 12th consecutive monthly decline in throughput for the first time, handling just shy of 13 percent fewer containers than in the same month last year.Worst affected were the terminals at Kwai Tsing - operated...
Charleston volume growth forecast to slow after 'memorable' year The Port of Charleston's double-digit volume growth is expected to slow to about 5 percent during the coming year but will remain above the U.S. market average, said Jim Newsome, CEO at the South Carolina Ports Authority. Charleston posted increases of 12.3 percent in loaded 20-foot-equivalent units and 14.4 percent in...
Double-digit export plunge pulls down LA total traffic Port of Los AngelesContainerized cargo volumes at the Port of Los Angeles declined 2 percent in June compared to June 2014, with a 10.7 percent drop in loaded export containers accounting for much of the decline. According to numbers released by the port, loaded import containers declined 3.7 percent. Total loaded...
New poll: Port of Oakland good for the community and economy Port of Oakland neighbors strongly believe that the Port has a significant positive impact on jobs, the local economy and surrounding communities. Those are the key findings of survey results released today by an Oakland polling firm. "Our results show that for two years in a row, residents view the Port...
Iran VLCC on the move An Iranian-owned tanker has left floating storage after months in floating storage, making it the first of the country's VLCCs to end floating storage duties since the recent deal to ease sanctions.
Navios bulker finds charter Navios Maritime Partners secured a medium-term time-charter for a five-year-old capesize bulker.
HHI gets smart Hyundai Heavy Industries (HHI) has partnered with consulting and technology services giant Accenture to design a "connected smart ship" that will use a network of sensors to improve fleet performance by collecting and analysing data from voyages.
Biofuel bar for tankers New regulations on the carriage of biofuels could limit the trading flexibility of products tankers from next January, because oil discharge monitoring equipment on board most vessels is not geared up to handle biofuels.
APL sale on again? NOL Group, the holding company for container line APL, is being touted for sale by 65% owner Singapore government agency Temasek, according to media reports citing people familiar with the situation.
Otto counter claims Otto Marine has set in motion a Singapore High Court writ of summons against guarantors of a loan to repay the full $650,000.
USC positive on profit
OSG buying $1bn fleet? As Kristian Rokke revealed sweeping changes at Aker Philadelphia Shipyard that are likely to see it sell its Jones Act tankers, analysts were pondering who could be on the other end of the deal.
Hoegh ships out old lady Hoegh LNG has sold a vessel which was spared the scrap heap last year.
Rokke rings the changes Aker Philadelphia Shipyard (AKPS) has announced a series of changes that will see the company divest its shipping assets, change name and appoint a new chief financial officer.
Cosco Corp heads for loss Chinese shipbuilder and owner Cosco Corp has warned of a loss in tough second quarter markets.
Sinopacific scoops nine Simon Liang's Sinopacific has won a large offshore contract from Abu Dhabi National Oil Company (ADNOC).
Six more for BSC? Bangladesh Shipping Corporation (BSC) is planning to follow up a six-ship order with potential deals for six more vessels.
AKPS sells eight tankers Aker Philadelphia Shipyard (AKPS) has announced a series of changes that will see the company divest its shipping assets, change name and appoint a new chief financial officer.
Vinashin exec rigged prices Vietnamese police say a Vinashin executive blew $18.6m on houses and cars after rigging prices in sale and purchase (S&P) ship deals.
Boa to cancel PSVs? Boa Offshore could cancel two long-delayed multipurpose platform supply vessel (MPSV) newbuildings in China after winning an arbitration award.
Subsea 7 in second JV Oslo-listed offshore shipowner Subsea 7 has announced its second alliance in a week as it seeks to reduce project costs.
Philly eyes MR sales Philly Tankers could be about to offload its four 50,000-dwt Jones Act tanker newbuildings, according to disclosures made Thursday.
Daewoo chases Songa DSME looks to be trying to claw back huge cost overruns on a series of rigs building for Arne Blystad's Songa Offshore.
CSC Phoenix wins scrap help Chinese shipowner CSC Phoenix has recived CNY 55.4m ($9m) in state subsidies for scrapping elderly tonnage.
Japanese take FPSO stakes Mitsubishi Corp and NYK have agreed to take stakes in an SBM Offshore-owned FPSO to be chartered to Shell.
California ports mixed The Port of Los Angeles has reported a modest decline in container volumes for the month of June, latest figures show.
Box Ships stretches deal Box Ships revealed that it struck a deal with a private company owned by chief executive Michael Bodouroglou to make its executive services agreement "indefinite unless terminated".
Seminar to focus on viability of LNG as a marine fuel Especially in emission control areas (ECAs).
Shipowner concern over OW test case outcome But insurer sees hope in appeal.
Fuel oil stocks at three week high 'There is still a bunch of aframaxes waiting to discharge.'
More Russian fuel oil moving through Rotterdam Russian product is destined for Asia.
Cheaper bunkers favour Panama over Suez Over half of all-water trade opting for central American waterway.
Russian partner terminates oil terminal project But Summa's presence in the Rotterdam bunker market is set to continue.
Bunker trader sets sights on Russian market With new office in Kaliningrad.
Finnlines wins funds for scrubbers, efficiency measures Almost $11 million granted to projects including scrubbers on 10 ships, performance and environmental impact assessments.
Platts acquires Petromedia The purchase helps extend Platts coverage beyond traditional marine fuels and market fundamentals.
HHI: Eco marine fuels a growing market Launches new centre to spearhead development
Arrested bunker tanker finds new owner Vessel's seizure was linked to OW Bunker.
New 'kite propulsion' system makes debut System steps closer to market entry.
New facility to aid development of 'eco' marine fuels HHI opened new research center on Wednesday.
Crude drops as US inventories rise Supplies at Cushing, Oklahoma rose 438,000 barrels to 57.1 million in the week ended July 10.
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