Maersk takes early delivery of new jack-up Maersk Drilling has taken delivery of its third XL Enhanced ultra-harsh environment jack-up rig named Maersk Integrator ahead of schedule. The Keppel FELS built unit is the third in the series of four jack-ups ordered by Maersk between 2011-2013. The total investment in all four jack-ups is USD2.6
Updated: DFDS cargo ship aground off Scotland DFDS's 7,409gt general cargo ship Lysblink Seaways ran aground at 01.50 this morning in the north-west of Scotland. Lysblink Seaways had just exited the Sound of Mull when it ran on to rocks at Rubha Aird an Iasgaich, near Kilchoan, a small village on the Ardnamurchan peninsula.
AVIC Maritime posts 189% surge in net profit Singapore-listed AVIC International Maritime Holdings (AVIC Maritime) saw a 189% hike year on year (y/y) to CNY17.2 million (USD2.8 million) in its net profit for the full financial year, which ended on 31 December 2014. The integrated marine and offshore solutions provider registered a net profit
Japanese yard orders down 17% in January Japanese shipyards' orders fell 17% year on year in January, continuing its descent as investment appetite for newbuildings has been affected by the sluggish dry bulk market. Figures from the Japan Ship Exporters' Association (JSEA) showed its member yards clinched 12 export orders totalling
Princess of the Stars operator stripped of passenger licence Philippines ship operator Span Asia Carrier, formerly known as Sulpicio Lines, has had its passenger-carrying licence withdrawn. Monday's action by the Maritime Industry Authority (Marina) comes seven years after Sulpicio's Princess of the Stars sank in a storm with the loss of more than 800 lives.
Updated: Hamburg Süd seals CCNI deal German liner company Hamburg Süd has confirmed the long-awaited signing of its purchase agreement for the container line business of Chilean shipping group CCNI. The takeover, confirmed on 17 February, includes the general agency functions of Agunsa Agencias Universales on behalf of CCNI. Subject
Labour havoc sinks Oakland box volume Container imports at America's fifth largest box port declined 39% year-on-year in January as shippers divert cargo amid an ongoing dockworker dispute at US West Coast ports. The Port of Oakland revealed on 17 February that in addition to the import drop, box exports and total container volume also
Cruise orders to remain muted Cruise lines will maintain "continued conservatism" in their newbuild strategies, according to UBS analyst Robin Farley. In her latest capacity forecast, Farley estimated that the North American cruise fleet will see net growth of just 2.7% this year followed by net growth of 4.9% year, 4.3% in
Winland seeks bankruptcy protection Winland Ocean Shipping, a Dalian, China-based owner, has filed for US Chapter 11 bankruptcy protection in Texas. According to court documents reviewed by IHS Maritime, Winland Ocean and its affiliates own three vessels: the 860 teu container ship Winland Dalian, the 56,928 dwt bulker Rui Lee and
CMA CGM beats Hapag-Lloyd, says Moody's French liner company CMA CGM may have an advantage over its German peer Hapag-Lloyd when tapping the capital markets for future fleet investments, assessments by rating agency Moody's suggest. In a report entitled 'Shipping: CMA CGM and Hapag-Lloyd: Peer comparison', the agency
Erck Rickmers combines boxship and dry cargo chartering Hamburg shipbroker Harper Petersen has gained responsibility for chartering of E.R. Schiffahrt's fleet of 21 bulk carriers including capesize, panamax and supramax tonnage. The move signals a concentration of chartering activities within the E.R. Capital group of German owner Erck Rickmers. E.R.
Petra Energy bags contract for 2015-17 Malaysia-listed oil and gas equipment distributor Petra Energy has been awarded an umbrella contract by oil company Petronas Carigali for the provision of spot charter marine vessel services from 2015 to 2017 on a non-exclusive basis. According to Petra Energy's filing to the Malaysian stock
Owners winning high stakes P&I poker, says Marsh Credible threat to leave club will secure premium cut, broker argues
Awilco tipped to have inked two more VLCCs HHI said to have scored new big tanker success following pair for Metrostar
Bulker master fined $6,200 for pilot-less voyage in Great Barrier Reef China Steel Developer master pleaded guilty to the strict liability offence, which carries a maximum fine of A$85,000
Data hub - World Fleet: inactive fleet falls to lowest in year Number of ships being taken out of action now stands at just 1.2% of the overall boxship fleet
Japan Post bids to buy Toll in $5bn deal Board at Toll unanimously recommends 'compelling transaction'
Tough start to year for intra-Asia carriers Freight rates on intra-Asia services have declined by 10% in the three months to January
Deadline looms for container awards There is just one month left to enter the Containerisation International Awards
Getting the Goat With some of the weakest dry bulk freight markets in memory, Tom Leander casts some bulk carrier fortunes
Owners fighting for last $50 on P&I renewals, says DGS Fixed premium not just for problematic tonnage, argues David Skinner
Dynagas Partners boosts earnings Partnership hints at further fleet growth by Greece-based group
West coast waterfront dispute take its toll on Oakland Volumes plummet nearly 30% as productivity slows and vessel schedules breakdown
New CKYHE Alliance service arrangement adds to Asia-Europe capacity Analyst Alphaliner estimates new rotations and increases in vessel sizes will add capacity to the market
Lloyd's List launches third sulphur survey Latest industry sentiment survey is launched as leading shipowners make key investment decisions to meet the most recent regulatory challenges
CN intermodal shippers face service decrease if union strikes Canadian National Railway intermodal shippers face the prospect of a decrease in service if 4,800 union members walk off the job over a dispute on whether the railroad should pay into its community fund. A strike would not hurt only Canadian shippers, but also U.S. shippers that have increasingly re-routed cargo...
Baltimore ILA local rejects contract deal The largest International Longshoremen's Association local in Baltimore rejected a tentative local contract that employers and ILA international officials had agreed upon in an effort to settle a nearly two-year-old labor standoff. Local 333's rejection of the tentative deal was the latest in a convoluted series of events that have included...
Portland port, ICTSI look to mend ILWU relations to attract carrier The Port of Portland and its container terminal operator, ICTSI, have a strategy to attract another carrier or carriers when Hanjin Shipping Co. next month leaves the Pacific Northwest port. When negotiators for the International Longshore and Warehouse Union and waterfront employers finally negotiate a new coastwide contract, Portland and ICTSI...
Florida told how to recapture container market share Florida needs to amp up its marketing efforts, offer new incentives and cut red tape in order to reclaim containerized imports and exports tied to the state but handled by other states' ports, according to study released on Wednesday. The report - commissioned by the Florida Ports Council - paints a dark...
Egypt to launch police force to protect Suez Canal WASHINGTON - It's too soon to determine whether a new police department tasked with protecting the Suez Canal will do enough to secure the region, a supply chain security expert told JOC.com on Wednesday. The Egyptian government's announcement of its intention to create a new police force comes roughly three months...
US regulators shut down three unsafe trucking companies U.S. regulators shut down the third trucking company within a month, as they target motor carriers with flagrant violations of federal truck maintenance and driver work rules. The Federal Motor Carrier Administration said today it ordered Sorbon Transport, an Aurora, Colorado-based car-hauling trucking company, out of service and off the road...
Shippers turn to NVOs to steer them around trouble spots It's an ill wind that blows no good. The gales of congestion that hit U.S. ports on both coasts at different times over the past year are boosting the business of one segment of the container industry: non-vessel-operating common carriers. Beneficial cargo owners have been turning to NVOCCs to find ways...
Hamburg Sud to seal CCNI deal by end of March Hamburg Sud said it expects to seal the acquisition of the container shipping operations of Compania Chilena de Navegacion Interoceanica [CCNI] by the end of March. Germany's second largest ocean carrier has signed a sale and purchase agreement with the Chilean company, subject to approval by antitrust authorities that is due...
US congressional ports advocate won't seek re-election U.S. Rep. Janice HahnWASHINGTON - U.S. Rep. Janice Hahn, a major advocate of port funding, is leaving Congress to run for an open seat on the Los Angeles County Board of Supervisors. The Democratic Californian who co-founded and co-chairs the Congressional PORTS caucus announced Wednesday she won't run for re-election next year,...
Shippers warned to brace for 'freight storm' when West Coast logjam breaks A "freight storm" could follow resolution of the West Coast port labor dispute, with truck rates rising sharply as shippers work to clear cargo from ports, BB&T Capital Markets warns. Intermodal and truck rates could "skyrocket" this spring as shippers seek capacity to move containers stranded at ports for weeks, the...
ICTSI seeks replacement for Hanjin in Portland ICTSI, which operates Portland's only container terminal, will seek to find a replacement in the trans-Pacific trades when Hanjin Shipping Co. ends its service at the Pacific Northwest port on March 9. "Retaining and attracting new carriers to Terminal 6 is ICTSI Oregon's No. 1 priority," the company said Tuesday through...
Japan Post to pay premium price in $5 billion Toll takeover HONG KONG - The decision by Japan state postal service to take over regional logistics operator Toll Holdings for $5.07 billion is the second mega-logistics acquisition involving Japanese companies in as many days, and another exceptional price.Japan Post agreed to a cash payment of $9.04 per share ($7.07) that represents...
Hong Kong port decline extends into new year HONG KONG - Hopes of a pre-Chinese New Year container volume surge through Hong Kong port were firmly dashed as the January data showed the transshipment hub actually saw a year-over-year decline of 6.1 percent during the first month.The Port Development Council figures show Hong Kong handled 1.83 million 20-foot...
PMA, ILWU quiet as West Coast ports work through backlog With at least 50 container ships anchored off the West Coast on Tuesday, the eyes of the international trade community were focused on San Francisco to learn if U.S. Secretary of Labor Thomas E. Perez could break the impasse in contract negotiations between the International Longshore and Warehouse Union and...
US Customs cargo clearance could slow if Congress cuts DHS funding WASHINGTON - A partisan debate on Capitol Hill is threatening to throw even more delays into already slowed U.S. supply chains. What began as a debate over immigration reform has evolved into a stalemate that has put at risk customs operations at airports, seaports and land borders nationwide. Congress is running...
Storage interest wanes The crash in crude prices ignited a race to fix tankers for floating storage in early 2015 but activity in this corner of the market is starting to subside, according to an analyst at Clarkson Capital Markets.
Winland sparks reality check The bankruptcy of Winland Ocean Shipping Corp has ignited renewed concerns about the health of certain segments of the shipping industry.
Private equity's perfect storm A fresh round of depression in the dry bulk market has created the perfect storm for private equity investors but right now second-hand bulkers are attracting next to no interest, Greek broker Intermodal says.
Carnival eyes Cuba The world's largest cruiseship operator is moving forward with plans to expand its presence in the Caribbean.
CPLP scores endorsement An equity analyst at Global Hunter Securities has upgraded his rating for shares of diversified Greek operator Capital Product Partners (CPLP).
Crowley pens management pact Crowley Maritime (Crowley) has secured contracts to manage five product tankers on behalf of third parties.
Another body found BW Offshore has found another body following the deadly explosion that took place on a Petrobras-chartered FPSO last Wednesday.
Build on, Macduff Scotland's Macduff Shipyards has won a new £2.4m ($3.7m) contract to build a dredger.
Varun racks up $47m loss Troubled Indian shipowner Varun Shipping has revealed a loss of INR 2.6bn ($41.77m) in the six months to 30 September due to having no vessels operational.
Deep red for Atlantska Croatia's Atlantska Plovidba has posted a huge loss for 2014 despite a small increase in revenue.
Isis threatens shipping Islamic State (Isis) could be planning to use Libya as a base to attack vessels and infiltrate southern European states.
Collision sinks tug A collision between a German tug and a cargoship off Poland has sunk the smaller vessel.
Growth drives DLNG profit Fleet growth has helped Greek owner Dynagas LNG Partners to a stronger than forecast fourth quarter performance.
Bonheur Q4 profit soars Norway's Bonheur has quadrupled its fourth quarter profit as all operating segments posted higher revenue.
Fugitive ship nabbed India's coast guard has seized a Russian cargoship in an 11-hour sea chase after it defied an arrest order.
PDZ reduces red Malaysian boxship owner PDZ Holdings has reduced its loss for the second quarter on the back of a 12% rise in revenue.
Sales spur for NOL Premium price for logistics division helps Singaporean carrier's stock tick up.
DFDS ship runs aground Tugs are heading to a DFDS ship that has grounded off Scotland.
Reef makes Rieber bleed Norway's GC Rieber Shipping has taken a hit in the fourth quarter due to the recent bankruptcy of a private equity fund and Reef Subsea.
Japanese in for Toll Japan Post Holdings is lining up a $5.1bn takeover bid for Australian shipping and logistics group Toll Holdings.
NCL weakens in fourth Norwegian Cruise Line Holdings (NCL) has posted a loss for the fourth quarter as costs mounted following its takeover of Prestige Cruise Holdings.
KNOP builds up profit KNOT Offshore Partners (KNOP) has boosted its full year profit for 2014 despite a small downturn during the fourth quarter.
EAT wins $192m FSO deal Malaysian tanker owner EA Technique (EAT) has won a deal to provide a floating storage and offloading (FSO) vessel.
HUBLine fleet for sale Malaysian feedership operator HUBLine has put its boxship fleet up for sale as it exits the loss-making sector.
Wepec picks China VLCC China VLCC has secured a two-year contract to provide crude oil transportation for West Pacific Petrochemical Co (Wepec).
CCNI deal a step closer Hamburg Sud has moved a step closer to acquiring the liner activities of Chile's Compania Chilena de Navegacion Interoceanica (CCNI).
RIG delays five jack-ups Transocean has secured agreements from Keppel FELS to delay the delivery of five jack-up rig newbuildings.
Sea Weasel arrested A chartering dispute has led to an anchor handler being arrested in Singapore, court documents show.
Fuel additives firm posts 150% rise in revenues Sales of DiesoLIFT up by roughly 800%.
'Large explosion' reported in ExxonMobil's California refinery Facility supplies marine gasoil.
Scrubbers still an option for box ships, says analyst Ships on Asia-Europe trade routes may go for emission abatement technology.
Bunker broker announces team changes Company specialising in ARA region and Germany employs experienced team member.
Cheaper oil rubs shine off scrubber market Short-term demand weak on the back of cheaper distillates.
Hong Kong at berth sulphur limit to take effect in July Providing draft regulation is approved by Legislative Council.
ARA leading on MARPOL sulphur complaints Bunkerworld analysis shows less than 20% of reported non-compliance cases would give cause for commercial claims.
Cold weather wax warnings prove prescient BIMCO reports problem has been seen in standard distillate fuel.
GIB welcomes new trader Shahid Malik is based in Dubai.
Shipping Corporation of India returns to black Quarterly bunker bills shrunk almost 30% over the year.
Lapin update: Onboard explosives a hoax Vessel's bunker oil cargo stolen last Friday.
Hybrid-electric towboat design makes debut Design claims "optimal" fuel efficiency in inland waterways.
- 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
