New Zealand ports battle for business Ports of Auckland (POAL) has detailed plans to take on major competitor Port of Tauranga's (POT) catchment in the Bay of Plenty region. Timing its news just 24 hours ahead of the release of POT's annual results, POAL revealed that its third inland port will be located right on POT's doorstep at Mt
MAN engines ordered for world's largest CSD German manufacturer MAN Diesel & Turbo is to supply the engines for what will be the world's largest cutter suction dredger (CSD), ordered by Belgium dredging company Jan De Nul. Currently designated JDN8069 and being built at Croatian shipyard Uljanik Brodogradiliste in Pula, the vessel will
Deadline set for Greek port sell-off As part of its reforms-for-cash deal with international lenders, the Greek government has agreed deadlines for the privatisation of its two major ports, Piraeus and Thessaloniki. The country's HRADF privatisation fund announced last week that binding offers for the tenders involving the
Port of Kobe's cargo traffic rises Port of Kobe's cargo traffic rose 2% year on year in May to 7.821 million tonnes as a gain in domestic trade outweighed a dip in foreign trade. Foreign trade slipped 4.2% y/y to 4.187 million tonnes but domestic trade at the west Japanese port climbed 10.3% y/y to 3.633 million tonnes, according to
Singapore to upgrade harbour craft transponders The Maritime and Port Authority of Singapore (MPA) is to install enhanced transponders and systems on small harbour and pleasure craft to improve situational awareness and safety in port waters. With SGD6.8 million (USD4.8 million) in government funding, the installation of the transponders and
Chinese yards' new orders drop 69.4% in January-July Chinese shipyards' new orders slumped 69.4% year on year (y/y) to 14.0 million dwt in the first seven months of 2015, according to the China Association of the National Shipbuilding Industry (CANSI). While the yards' completed tonnage climbed 9.8% to 22.7 million dwt over the period, their
Ho Chi Minh City seeks USD13.8m to dredge river Ho Chi Minh City (HCMC) is seeking VND300 billion (USD13.8 million) from the state government to clear a soil buildup on the Soai Rap River threatening its container trade. Soai Rap River is a key waterway for vessels transporting goods to ports in HCMC and neighbouring localities. "If the Soai
Brookfield clinches $6.5bn majority stake in Asciano ports and rail Canada's Brookfield Asset Management on 18 August clinched an AUD8.9 billion (USD6.5 billion) takeover of the last remaining Australian-owned port and rail network, Asciano. Asciano, which owns and operates Patrick container terminals in Brisbane, Fremantle, Melbourne, and Sydney, called for a
Tianjin port suspends movement of dangerous cargo Tianjin port has suspended the import and export of hazardous cargo, beginning on 17 August, according to an announcement by the Tianjin Transport Committee. The announcement stated that all container terminals and liquid bulk terminals must suspend the import and export of hazardous cargo
SDIC to invest in FSIG Fujian Shipbuilding Industry Group (FSIG), a state-owned shipbuilding group based in Fujian, China, said it is in talks with China's State Development & Investment Corporation (SDIC) to include the latter as an investor. FSIG and SDIC had preliminarily exchanged opinions about SDIC investing in
SK Shipping's profit soars South Korean shipping company SK Shipping posted a profit of KRW47.6 billion (USD40.18million) in the first half of 2015, up 4,289% from KRW1 billion in the same period last year. The company's operating profit also jumped to KRW97.3 billion from KRW46.8 billion a year ago. The operating profit is
Zim profits up as new strategy starts to pay dividends Volumes lower as Israeli line withdraws from some trades and shifts focus to the US
XRTC calls for further consolidation in Greece's battered ferry sector Streamlining would offer a lifeline to owners that have been newly hit by VAT hikes, says study
Cosco International posts 5% growth in net profit for first half Increase mainly supported by one-off gains as waning newbuilding orders hit ship trading business
Woodside sees its profits shrink Australian LNG producer and exporter hit by lower commodity prices and reduced sales
Rickmers Linie turnround boosts parent company results German group completes debt restructuring to become 'capital-market capable'
Solvang rules out mergers LPG shipowner to stand alone as gas-carrying industry makes tentative moves towards consolidation
Glencore's earnings drop sharply in first half Lower China commodities demand compounds dry bulk owners' woes
Maersk ready to stay on sidelines in next round of consolidation Skou focuses on organic growth as APL looks for a buyer and Chinese carriers open merger talks
Sainty receives warning from stock market regulator Chinese shipbuilder was found dishonest in information disclosure
Patrick brand likely to survive after Brookfield takes over Asciano Parent company Asciano's name has a less certain future
Quarantined parking area impedes recovery of Tianjin ro-ro terminal A large car warehouse in the blast zone is still under scrutiny for possible contamination
Keep cool in LNG shipping LNG shipping picks its names carefully
Auckland to launch inland port in battle with Tauranga Port of AucklandBy announcing a new inland port, the Ports of Auckland fired another shot in its war with the Port of Tauranga to be New Zealand's primary container gateway. Shippers stands to gain lower costs and better connectivity no matter the victor. Ports of Auckland and Toll Group will team...
America's Road Team captains visit Ft. Benning Ft. Benning, Ga. - American Trucking Associations and the America's Road Team Captains are in Ft. Benning today for the Military Transportation Job Fair presented by Hiring Our Heroes and Fastport. America's Road Team Captains are elite professional truck drivers with millions of accident-free miles and represent the 3.4 million...
Meet BIMCO market analysis at Maritime Cyprus 2015 BIMCO's Chief Shipping Analyst, Peter Sand will be one of the panellists at this year's Maritime Cyprus Conference. Taking place in Limassol, Cyprus on the 13-16 September 2015. This is the 14th Maritime Cyprus conference and this year's theme is "Game Change". The conference will focus on the market forces affecting...
DP World welcomes visit of Indian Prime Minister Narendra Modi to the UAE Dubai - DP World today reiterated the company's commitment to enabling India's growth and economic development through its operations in the country where it supports over 32% of India's container trade. DP World is a market leader in Indian container terminal operations and has the largest portfolio of ports along the Indian coastline....
South Carolina Ports Authority doubles operating profit Port of CharlestonThe South Carolina Ports Authority doubled its operating profit during its just-ended fiscal year, and opened its current fiscal year in July with an 11.6 percent increase in loaded container volume. The Port of Charleston's July volume, including empty boxes, was 175,223 twenty-foot-equivalent units, a 13.8 percent increase from...
Echo Global Logistics names new vice president of marketing CHICAGO, IL - Echo Global Logistics, Inc. (NASDAQ: ECHO), a leading provider of technology-enabled transportation and supply chain management services (the "Company"), announced today that Christopher N. Clemmensen has been named Senior Vice President of Marketing. A proven executive with nearly 25 years of experience at both emerging and Fortune 500...
Mohawk Global Logistics supports growth with Descartes OneView Solution and ACE compliance WATERLOO, Ontario - Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Mohawk Global Logistics is using Descartes' OneView(TM) Forwarder Enterprise and Customs House Brokerage (CHB) solution to support its market expansion. Mohawk Global will also use Descartes OneView(TM) solution to submit data to...
Despite falling diesel prices, CNG fueling network grows CNG fueling station in Newport, Tennessee, opened to serve trucks running a key Southeast-Inland route. The extreme drop in diesel and gas prices may have stolen some of the luster alternative fuels enjoyed from 2011 through 2014, when diesel on average cost $3.89 a gallon and trucking operators and shippers saw...
Container liner reliability fell for first time in six months, Drewry says Ocean carrier on-time reliability fell across the three main East-West trades in July for the first time in six months, according to Drewry's most recent Carrier Performance Insight report. The good news is those figures are still well above where they were a year ago and the maritime research and advisory...
Hazardous cargo shippers forced to reroute shipments after Tianjin forbids Tianjin port has suspended the import and export of all hazardous cargo following two deadly explosions linked to dangerous cargo, forcing U.S. shippers to reroute their shipments through other Chinese ports. That's hitting shippers using the ports of Los Angeles, Long Beach and New York-New Jersey the hardest, as they are...
Teesport buys new cranes to keep up with double-digit gains Teesport, United KingdomU.K. port operator PD Ports on Wednesday said it has bought three rubber-tire gantry cranes to handle container traffic growth at Teesport, the second-largest container gateway in the northern U.K. PD Ports said Teesport has been growing by 13 percent annually since 2007 and handled 420,000 twenty-foot-equivalent units in...
River silt buildup threatens Ho Chi Minh port container trade Saigon Premier Container Terminal, VietnamHo Chi Minh City is seeking $13.8 million from the state government to clear a soil buildup threatening its container trade on the Soai Rap River, a key waterway for vessels transporting goods to ports between Vietnam's largest city and neighbouring localities. "If the Soai Rap River...
New INTTRA products wrestle 'big data' to give shippers supply chain visibility Two new products from INTTRA, the e-commerce cargo-booking portal, show how the logistics industry is diving into so-called "big data" and working to transform raw information into supply chain intelligence. In recent years, tech outsiders have been jumping into the logistics world looking to simplify operations and streamline brokering as shippers,...
Zim rides restructuring to profit LONDON - Zim Integrated Shipping Service swung to a net profit of $23 million in the second quarter from a $50 million loss a year ago as a multi-billion dollar restructuring continued to improve the Israeli ocean's carrier's bottom line. The [non-Generally Accepted Accounting Principles] profit marked the carrier's second straight...
ILWU workers in 2014 got largest pay hike in decade, PMA says The past year was not good for importers and exporters that ship through the U.S. West Coast as they endured horrendous port congestion due to labor slowdowns and employer retaliation. But it was a great year for registered members of the International Longshore and Warehouse Union who enjoyed their largest...
Motor carrier profits grow despite gloomy forecasts Michael ScheidThe trucking industry has been clamoring about impending doom from industry regulations and the persistent shortage of qualified drivers since the end of the economic recession in 2010. Inability to add capacity and skyrocketing operating expenses are the two most often cited outcomes resulting from these industry changes. Although...
Russia's Global Ports pins hopes on new CEO Global Ports' Petrolesport Terminal, St. Petersburg, RussiaGlobal Ports, one of Russia's top container terminal operators, has shaken up its leadership in an effort to reverse its fortune after plummeting container volume. The company appointed Vladislav Baumgertner, former CEO of Russian fertilizer giant Uralkali, as general director. The appointment is seen as...
RCL latest to add surcharges to Jawaharlal Nehru cargo Regional Container Lines last week became the latest ocean carrier serving India to levy surcharges on Jawaharlal Nehru Port-bound cargo to cover costs that incurred from congestion and delays following the week-long shutdown of APM Terminals facility in the country's largest container port complex. Effective August 14, the regional operator began...
Maersk towage unit Svitzer seeks growth in Middle East, Africa, Asia LONDON - Svitzer unveiled a new growth strategy targeting the Middle East, Africa and Asia as the Maersk group's towage unit moves to lessen its dependence on the mature and over-supplied European and Australian markets. The Copenhagen-based company said it will create two new regions from October 1 - the MEA,...
Idle fleet growth to continue as carriers cut sailings LONDON - The fleet of idle container ships over 500 twenty-foot-equivalent units rose to 149 on August 10 from 127 at the end of July and is set to increase in the coming weeks amid a weak peak shipping season and the rising number of blanked sailings on the Asia-Europe...
California truck execs, state regulators clash over emission rules Trucking executives generally back a federal governmental push to reduce emissions from heavy-duty trucks, but California regulators want even stricter rules to reduce health risks and global warming from truck pollution. The Tuesday hearing in Long Beach on the rules proposed by Environmental Protection Agency and National Highway Traffic Safety Administration...
Zulily sale shows folly of non-expedited e-commerce delivery Earrings for sale on QVC.The same logistics strategy that propelled U.S. online retailer Zulily to greatness has led to its defeat, according to industry analysts, culminating this week in the company's sale to a retail giant with a markedly different idea of how supply chains are run. The company, known for...
Crowley unveils LNG barges Crowley Maritime unveiled concepts for two LNG bunkering barges aimed at meeting differing needs in the emergent sector.
Ultra Deep books DSCV Ultra Deep has placed an order at China Merchants Heavy Industry (CMHI) for a sophisticated offshore construction vessel.
Bulker shares lead decline New York shipping stocks took a step downward Wednesday amid investor jitters over Asian stock market volatility..
Another bid for Mols Danish holding company Lind Invest has joined Polaris in the race to takeover compatriot ferry owner Mols-Linien.
Capes for quarterbacks How could Nippon Yusen Kaisha (K Line) of Japan and some cowboys from Dallas be ever possibly connected?
LNG rates to tip up in 2016 LNG carrier charter rates will stay low for the remainder of this year but are set to improve steadily over the next three years, Clarksons Platou Securities says.
Street looks to charters Analysts are looking to Navios Maritime Acquisition for period charters that would set its VLCCs up for dropdown into MLP Navios Maritime Midstream Partners (NAP).
Navios execs talk crude tankers Ted Petrone says Navios has no worries about the VLCC newbuilding orderbook and predicted a bright couple of years for the market.
DSME leads orders table DSME has extended its stay at the top of the table for global shipyards in terms of its present orderbook.
Monarch adds SALT Monarch Alternative Capital has bumped up its interest in Scorpio Bulkers (ticker symbol: SALT).
DSME drillship deleted DSME has seen a near $600m drillship newbuilding chalked off.
Viking names new CFO Viking Supply Ships has appointed Ulrik Hegelund as its new chief financial officer.
Glencore points to China Glencore has seen its first half profit slump in the face of falling commodity prices and a weaker Chinese economy.
VLGC market lifts Solvang Strong VLGC rates helped Solvang marginally boost its profit for the second quarter.
Newbuilds threaten rates A surge in crude tanker vessel capacity over the next two years will lead to a fall in shipowner earnings from current highs warns Drewry.
Svitzer targets growth Svitzer, the Maersk Group's towage and salvage arm, has set its sights on expanding its operations in the Middle East, Africa and Asia.
Svitzer targets emerging markets Maersk Group arm to establish dedicated business development resources in Singapore.
Nickel ore concerns remain Problems in the transportation of nickel ore from the Philippines continue to pose a threat to maritime safety a major P&I Club claims.
Port of Aden reopens The Port of Aden is said to have resume operations after being closed for the past four months due to political unrest in Yemen.
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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