Caution urged with regard to cargo liquefaction risk at sea
Containership reliability down at the end of 2014
Norwegian joint effort to ensure green coastal shipping
Rice to be transported to Tripura via Bangladesh using waterway-road combination
Shreyas Shipping & Logistics creates history by becoming first shipping company to service domestic containerised cargo movement at all Indian ports, from Mundra to Kolkata
Coastal security tightened at the Major Ports
Kattupalli port now connected to all CFSs in Chennai for exports
DB Schenker awarded for rail solutions between Europe & China
Railways needs massive investment: Prabhu
Rlys registers 12 pc revenue increase during April-Dec.
ITF calls for talks over Rotterdam terminal dispute The International Transport Workers' Federation (ITF) has called for "all-party" talks on the future of the port of Rotterdam following a refusal by dockers to unload a barge that had previously been loaded at the new Rotterdam World Gateway (RWG) container terminal at the port's Maasvlakte 2
Euronav commences US IPO Tanker major Euronav has officially begun its initial public offering in New York amidst rising optimism on a sustainable rate recovery. Euronav, led by CEO Paddy Rodgers, had filed IPO registration documents in September but announced a postponement on 15 October due to "unfavourable current
DI uses JDN dredger for Maldives reclamation DEME Group subsidiary Dredging International (DI) has started work on a major land reclamation project in the Maldives using a trailer suction hopper dredger chartered from Jan De Nul (JDN). DI business development director Bart Rumes told IHS Maritime that trailer suction hopper dredger Leiv
SNCM attracts up to seven bidders The deadline for offers for bankrupt French Mediterranean ferry company SNCM has been extended to 2 February in response to a request for more time from three prospective bidders. The court-appointed administrators currently overseeing the company's affairs indicated that four offers or letters of
Gard warns of Iranian oil transfer risks Shipowners face considerable risks in ship-to-ship (STS) oil transfers from an operation to smuggle Iranian oil, warns a Gard alert. "There is evidence of a sophisticated smuggling operation and those responsible may go to considerable lengths to disguise the true origin of the cargo," said Gard.
FPSO orders hit five-year low in 2014 The number of floating production storage and offloading (FPSO) vessels ordered in 2014 was at its lowest since the global financial crisis. IHS Petrodata stated that just 10 FPSOs were awarded in 2014. "High local content requirements, a growing emphasis on FEED (front-end engineering design)
Courage Marine issues profit warning for FY14 Singapore-listed bulk owner Courage Marine has warned its investors to expect a greater net loss for the financial year ended 31 December 2014 as compared with 2013. The company announced the profit warning on its filing to the Singapore Stock Exchange (SGX) and cited several factors for the
Cargo ship vanishes on Lake Tanganyika No trace has been found of a small cargo ship that sank on Lake Tanganyika last week with the loss of 14 lives. Mbaza departed Kasanga port, Tanzania, near the southern end of the 670km-long lake at 23.45 on 10 January. About two hours later the Burundi-flagged ship sank near the village of Kala,
CSSC, Wärtsilä to operate 2-stroke engine JV Wärtsilä and China State Shipbuilding Corporation (CSSC) have completed the joint venture agreement for the takeover of W'rtsil''s 2-stroke engine business, which was announced in July 2014. The two companies have received the required government and merger control approvals, with official closing
Cargo ship capsizes off Quang Ngai, Vietnam A Vietnam-flagged general cargo ship has capsized off Quang Ngai, Vietnam because of heavy weather. All 10 crew on board of the 1,599 dwt, Xuan Lam 10 were rescued by a passing fishing vessel near the vicinity of the incident. Initially, Xuan Lam 10, with IMO number 9634775, encountered strong
Rio Tinto iron ore shipments up 17% Anglo-Australian Miner Rio Tinto recorded a 17% hike in its global iron ore shipments for 2014 at 302.6M tonnes. Despite iron ore prices crashing to five-year lows, the miner continued to ramp up shipments, exceeding guidance. Its Pilbara, Australia operations set a new record, producing 280.6M
Charterers squeezed as VLCC rates keep rising The soaring very large crude carrier freight market has seen some charterers getting caught off-guard by tanker owners who back out of verbal deals in favour of higher offers. One Singapore-based broker told IHS Maritime that he was working on a spot fixture yesterday when the owner received a
CSCL, MCC to launch China-Myanmar services China Shipping Container Lines (CSCL) and MCC Transport, an Intra-Asia carrier of the Maersk Group, will be launching new services connecting China and Myanmar in late January. Four 1,00teu box ships will be deployed by CSCL for the Burma Express (CMX) service, which is to call at Shanghai, Ningbo,
TAS Offshore profits down 33% in 2Q15 Malaysia-listed offshore marine services provider TAS Offshore posted lower profit before tax of MYR 4.2M ($1.16M), down 33% for Q2 ended 30 November 2014, as compared to MYR6.5M for the preceding quarter. Similarly, revenue dropped 35% to MYR51.2M in 2Q15 as compared to MYR76.3M in 1Q15. The
Court rules port responsible for NZ worker death A Wellington Court this week ruled that port operator CentrePort was responsible for the death of dockworker Mark Samoa in January 2013. The father of three died after being crushed between two bales pushed by a forklift. Judge Bill Hastings found "CentrePort failed to take all practicable steps
Pilbara ports reopen for business Australia's iron ore ports of Dampier and Port Hedland reopened this morning after a tropical low dissipated overnight. In a short statement provided to IHS Maritime, Pilbara Port Authority announced both ports reopened at 5.00 hours local time this morning. "The port of Port Hedland was
VLGC rates tick up as chartering picks up Freight rates to ship LPG on very large gas carriers crossed the $70/tonne mark on 16 January as chartering picked up speed. As of yesterday, freight rates on the benchmark Gulf-Asia Pacific route averaged $73.188/tonne, up $2.438 from 16 January. At current bunker prices in Fujairah, this works
CH Offshore posts lower profits for 2QFY15 Singapore-listed offshore services provider CH Offshore posted profits of $5.4M for 2QFY15 ended in 31 December 2014, down 19% as compared to profits of $6.7M in 2QFY14. Revenue dropped 4.2% to $8.79M in 2QFY15, as compared to $9.17M in 2QFY14. The lower revenue was due lower fleet utilisation for
Nanjing Tanker retains $403.2M credit line Nanjing Tanker, a Chinese tanker operator in restructuring, has retained a credit line of an aggregate of CNY2.5Bn ($403.2M) from ten Chinese banks. The credit facility comprises CNY2.3Bn and $45.7M with a term of 10 years, a stock filing of Nanjing Tanker said yesterday. Nanjing Tanker has used
PSA volumes reach 65.44M teu in 2014 Singapore's main port operator PSA International has handled over 65.44M teu of containers worldwide for 2014. This represents a 5.8% year-on-year surge in the company's global container throughput. A bulk of the throughput was attributed to its flagship PSA Singapore Terminals with 33.55M teu in
Top-tier shippers, shipbuilders to dominate market in 2015 Amid global macro uncertainties and tight ship financing conditions, only a handful of large shippers and shipbuilders, as well as some competitive players, would continue to dominate the market in 2015, said an analyst in a research note. KDB Daewoo Securities analyst Sung Ki-Jong said, "The gap
Heavily-invested owners optimistic as VLGC spot rates climb Spot rates rise to $76 per tonne from $60 per tonne a week ago
Li Ka-shing's CKI and CKH swoop on UK rolling stock owner Eversholt Rail Group set to be sold in a deal worth £2.5bn
Big bulkers threaten to weigh down scrap prices Rates under pressure as up to 10 large vintage bulk carriers are being touted for sale
Weakening global economy to add to oversupply woes BIMCO says latest economic forecasts are not good news for an industry already suffering from oversupply
Libyan oil exports resume after January hiatus Small number of tankers have left the country
Euronav strikes while iron is hot with its US listing Investor confidence high on buoyant VLCC freight market and prospects for tanker stocks
Panama Canal expansion will spark transhipment boom Double-digit jump in transhipment activity expected upon opening of new locks, says Drewry
Euronav starts US IPO after previous delays Proceeds from IPO in the US may be used to purchase vessels
Questions arise over fate of Russia's Kozmino crude exports on aframax tankers Russian oil output could decline in 2015 due to sanctions and a collapsing oil price deterring investment
Norman Atlantic investigators may focus on open car decks Cause of fire is still unclear, but the possibility of it starting on a lorry or car remains high
Hong Kong holding back on emission rules amid competitiveness concerns Government appears to be in two minds over when to pass the legislation as it may prompt owners to switch to rival mainland ports
BIMCO survey aims to improve dry bulk terminals Shipping companies urged to take part in confidential survey
Shipping to resume after cyclone alert is lifted A tropical low near the Pilbara region of Western Australia failed to develop into a full cyclone
Dr Peters sells VLCC as buying interest grows Sale and purchase market starts buzzing as demand grows for tankers to haul or store cheap oil
Compliance 101: Know the rules and abide by them On Jan. 8, the Orange County division of Women in International Trade presented a half-day program featuring speakers from Customs and Border Protection, the Food & Drug Administration, the Consumer Products Safety Commission and the U.S. Department of Agriculture, as well as two assistant U.S. Justice attorneys. For anyone paying attention...
New road aimed at easing truck traffic at Brazilian port Santos Trucks serving various container terminals on the left bank of the Brazilian port of Santos are expected to see shorter trips thanks to a new 3 million reais ($1.15 million) access road. The new road access better connects the Rodoviario Piacaguera Guaruja (SP 248) with Santos Dumont, which is the access...
US House members strike back against attempt to repeal Jones Act A bipartisan group of 32 U.S. House members are pushing back against a recently filed amendment to repeal requirements that domestic waterborne cargo be shipped in U.S.-flag ships owned, built and operated by Americans. The representatives argue that repealing the Jones Act would hurt the U.S. economy and national security. The...
3PL-linked LTL carrier Shift Freight expanding eastward ATLANTA - Asset-light less-than-truckload carrier Shift Freight is expanding from its West Coast base to the Midwest and Northeast, building out its third-party-based LTL network. The carrier expects to launch its second Midwest outbound operation in February, Kurt Watkins, vice president of sales and strategy, said at the 2015 SMC3 JumpStart...
2015 US truck tonnage outlook bright despite flat December A key indicator of U.S truck activity was flat in December, reflecting a decline in retail sales but an increase in manufacturing production in the same period. The flat reading of the seasonally adjusted for-hire truck tonnage provided by the American Trucking Associations comes after the tonnage rose 3 percent in...
First Pacific lock gate installed at Panama Canal The Panama Canal expansion, now 85 percent complete, hit a milestone with the installation of the first gate in a set of new locks on the waterway's Pacific side. The steel gate, the first of eight to be installed in the new Pacific locks, was rolled into place on self-propelled motorized...
California trucking industry looks for highway funding sources MONTEREY, California -California's roadways and freeways are in desperate need of repair or expansion, so the trucking industry is willing to examine a variety of funding mechanisms that will raise billions of dollars to address the problem immediately. "We must re-examine CTA's infrastructure financing policies and consider new approaches to how...
Dockworker union protests automation at Rotterdam port terminal The International Transport Workers' Federation has stepped up its protest of automation at the new Rotterdam World Gateway container terminal, and called for "all parties" to discuss RWG's labor arrangements. Terminal officials said dockworkers from other terminals blocked RWG's gates Friday at the port's Maasvlakte 2 complex. Dockworkers then refused to...
Global air cargo carriers have high hopes for 2015 The air cargo industry had its longest peak season in years in 2014, driven by massive demand for new products, most notably the iPhone 6 that sold more than 40 million units in the third quarter alone. A strong rebound in trans-Pacific trade kept freighter and aircraft belly utilization high for...
TEU volume jumps 18.5 percent at Cosco Piraeus terminal Container traffic soared 18.5 percent to nearly 3 million TEUs at Cosco Pacific's Piraeus container terminal last year, again outpacing growth at Mediterranean rivals. However, the Chinese operator's expansion plans risk being derailed by Syriza, the radical leftist political party expected to win Greece's Parliamentary election on Jan. 25. Syriza said it...
Year of the ship Gary FerrulliWhat will 2015 look like for an industry that has had four consecutive underperforming years? There are many issues to deal with, but let's focus on the few that mean the most. At the top of the list is the lack of profitability among ocean carriers and West Coast labor...
New tools helping 3PLs take waste out of supply chains Programmed robots. Three-dimensional printing. Fingerless keyboards. Challenged by the need to make their companies ever more cost-effective and competitive, third-party logistics companies are compelled to assess ever longer - and often more confusing - lists of new technology options. The health of their businesses increasingly depends on how well they...
Nhava Sheva port operations return to 'near normal' after violent protests Operations at the Port of Nhava Sheva returned to "near" normal levels Monday afternoon, a day after violent protests by container trailer drivers led to the closure of gates at APM Terminals-operated Gateway Terminals India. "Normalcy has been restored in Nhava Sheva Port," APMT Mumbai said in a customer advisory. But the terminal expects vessels...
California ports to face 'systemic' challenges even after ILWU reaches deal MONTEREY, California - When the longshore contract negotiations are over and productivity has returned to normal, the CEOs of California's container ports will face even greater challenges dealing with the problems that remain: handling big ships, adjusting to powerful carrier alliances and establishing a new chassis regime. "These are systemic problems,"...
Logistics sector holds gloomy outlook for Russia, survey finds HONG KONG - Russia's potential as an emerging logistics market was downgraded by 66 percent of respondents in the sixth annual Agility Emerging Markets Survey that was released Monday, with an additional 10 percent of the logistics professionals surveyed believing the market has lost all potential. The clear majority of those...
S&P extravaganza The sale-and-purchase market is starting to see a surge in activity, a leading equity analyst told investors Tuesday.
OSG appoints CEO Captain Ian Blackley has emerged as Overseas Shipholding Group's (OSG's) next chief executive.
Stemcor targets bulker A federal judge has asked US Marshals to arrest a panamax bulker controlled by Oriental Ocean Shipping International.
All eyes on GLNG Golar LNG took centre stage on Wall Street this week after firming up one-year time charters for a pair of LNG carriers and appointing a new chief executive.
Owners forge alliance Icelandic container line Eimskip and German shipowner Konig & Cie have teamed up to form a new joint venture.
Tankerska wants $40m Croatian owner Tankerska Plovidba has confirmed it will carry out an IPO to raise cash for its new products tanker spin-off Tankerska New Generation (TNG).
Sembcorp trio killed Singapore's Sembcorp Marine has said three of its workers died when a new tug capsized off China during sea trials.
Rotterdam dockers protest Dockers at the port of Rotterdam have refused to unload a vessel, causing the International Transport Workers' Federation (ITF) to call for all-party talks.
Ghana frees tanker Ghana's navy has freed a tanker hijacked off the coast of Nigeria and arrested eight pirates on board.
Second year of growth The UK has recorded an increase in passenger, car and coach volumes on ferries for the second successive year.
Euronav sights $185m from IPO Euronav has today launched its long-anticipated US IPO with a $201m shares sale.
Onassis in second VL score Greece's Onassis Group has secured a second period deal for one of its VLCCs in a market still being boosted by demand for floating storage.
Nichols' Samoan swoop US shipyard Nichols Brothers has won a new contract to build a multipurpose ship for the government of American Samoa.
Magellan STS due An operation to lighten the cargo from Teekay's stricken LNG carrier Magellan Spirit (built 2009) via a ship-to-ship cargo transfer is due to get underway today off Nigeria.
Migrant ship raided The Turkish coastguard has intercepted a Togo-flagged general cargoship carrying 333 migrants bound for Italy.
Tanker and barge collide Firefighters have saved a barge from sinking in Hamburg after a collision with an SCF Marpetrol tanker.
Bourbon adds three ROVs France's Bourbon has enhanced its multipurpose vessel fleet with the addition of three new ROVs.
TTA targets $220m Bangkok-based bulker owner Thoresen Thai Agencies (TTA) is looking to raise $222.6m through its share offering to existing investors.
Bonfils exits Nordic Bulk Nordic Bulk Carriers founding partner Christian Bonfils has abruptly left the company.
Siem waits on double sale Siem Offshore has given Daya Materials more time to line up financing for a double subsea construction vessels deal.
CMES eyes $32m China Merchants Energy Shipping (CMES) is expecting to log net earnings of CNY 200m ($32.3m) for 2014.
K Line's rating boost Japanese shipowner K Line has had its issuer rating upgraded by Rating and Investment Information (R&I) after cost reforms.
Strait snaps up ro-pax New Zealand's Strait Shipping is buying a ro-pax from Stena Line to replace an ageing ferry in the Cook Strait.
Osaka set to be moved Svitzer could be in a position to move the stricken Hoegh Osaka into port within 24 hours, it has emerged.
Rio Tinto sets ore record Rio Tinto saw a 17% year-on-year increase in iron ore shipments in 2014, operational figures released Tuesday show.
CHO profit still weaker CH Offshore has reported a weaker year-on-year performance for a second consecutive quarter.
Hedland gets all clear Port Hedland is set to reopen for business Tuesday morning after a tropical cyclone failed to materialise.
Falling energy prices put 'efficiency gains under threat' 'But pressure to reduce fuel use to combat global warming will not evaporate.'
IMO sub-committee working on new text for BDN Broad agreement that the supplier's declaration need revision, but details have yet to be agreed.
OW Bunker collapse has sent 'ripples across the globe' Owners owing sums for bunkers supplied in the UAE 'should consider arrest a realistic risk to operations.'
External: Praxis Energy Agents S.A
West Africa: Tanker hijack foiled Pirates arrested but cargo missing.
New bunkering service at Helsinki Neste Oil to start ship-to-ship operations.
Singapore suppliers cut premiums 'Some traders have a lot of oil so they need to clear their tanks.'
Fuel additive suspected in US pollution incident Officials are trying to identify a sticky, grey coloured, odorless material that has washed up in San Francisco Bay.
IBIA asks for review of IMO sulphur verification procedure Proposal to align regulatory approach with ISO 4259 will need support of a member state to go further.
Ferry operator upgrades fleet Replaces ageing vessel with a bigger, more fuel-efficient one.
Chinese firms team up on ship propulsion research Engine makers to build $1.6 billion manufacturing facility in Ningbo.
Dual-fuel electric system to power LNG carriers Newbuildings due to enter service from 2017-2018.
New trader at Dan-Bunkering Christian Moller joins firm's Middelfart office.
Wartsila's two-stroke business JV finalised Receives government and merger control approvals.
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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