Shippers balk at Oakland off-peak scheme Requiring shippers to pay extra for off-peak gate hours may not solve congestion problems at the Port of Oakland, a shipper advocacy group contends. In a 19 August letter to the Federal Maritime Commission (FMC), National Industrial Transportation League (NITL) president Bruce Carlton warned that a
Royal Imtech bankruptcy threatens 500 Netherlands businesses According to Dutch research firm USP Marketing Consultancy, 500 companies in the installation sector are affected by Royal Imtech's bankruptcy with about 100 fearing for their survival. The 500 firms worked as subcontractors for consultancy and services firm Imtech and 75% of them are not insured
Israel's ZIM trebles 2Q earnings The Israel-based carrier ZIM has trebled its earnings in the 2Q15, announcing revenue of USD74 million compared to USD23 million in the same quarter last year. In a statement released on Wednesday, the company ascribed the better performance partly to the launch of a new Asia-US route in the same
DSME cancels drillship order South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has cancelled a drillship order after the customer missed a payment. In a Korea Exchange filing, DSME said the KRW703.4 billion (USD592.5 million) order was placed by an Americas-based customer in July 2013. The drillship was
WSC wins $46m Pengerang terminal sub-contract Malaysia-listed oil and gas services company Wah Seong Corporation (WSC) has secured a MYR188.96 million (USD46 million) sub-contract to supply and deliver coated steel pipe piles to Pengerang deepwater petroleum terminal project in Johor, Malaysia. Under the sub-contract, which is project specific
More Chinese ports restrict handling of hazardous cargoes More Chinese coastal ports have followed in the footsteps of the port of Tianjin to curb the handling of hazardous chemical cargoes at the port areas. After the Tianjin explosions, Yang Ming Marine Transport received updated information regarding dangerous cargo regulation for certain Chinese
Newcastle's coal port price hike under scrutiny Mining conglomerate Glencore Coal is unlikely to win its appeal to undo a 60% price hike in the world's biggest coal export port of Newcastle, Australia. The new port owners, a consortium of Hastings Funds Management and Chinese conglomerate China Merchants, upped shipping charges after the AUD1.75
Dalian port profit up for 1H15 Shanghai-listed Dalian port recorded profit of CNY286.1 million (USD44.71 million) for the first half of 2015, up 0.6% from its profit of CNY284.4 million a year ago. The port's revenue was at CNY4.1 billion for the same period, up 24.25% year on year (y/y), while its total assets amounted to
Owners urged to make direct representation to NNPC for tanker ban removal Politically-sensitive situation could be alleviated by case-by-case representations, with supporting documents/evidence, to demonstrate why the particular tanker(s) should not be on the list
Chinese shipbuilders outrun Korean yards in July new orders Having been beaten by its competitors six months in a row
Navios remains in the red as bulker rates trough Angeliki Frangou says company is benefiting from market recovery
VLGC spot rates dip as arbitrages close Further softness ahead, though rates are still high by historical standards
Middle East shipping regains its spark despite low oil prices Fundamental dynamics shine as deadline for Lloyd's List awards nomination looms
DFDS ups dividends and plans share split on back of bumper results Danish short sea ro-pax operator impacted by ongoing action in Calais and concerns that low bunker prices will impact its scrubber technology investment
Tanker Investments finally receives the six suezmaxes it bought last year After a delivery delay, the tankers enter the Gemini pool, before being sold when the time is right
Yard Talk | South Korean majors return to shipping Drive in developing offshore and other businesses has not brought in profits
SSA fortifies drive to attract younger generation to shipping Development of a Singapore clause for recently introduced war risk insurance cover is a priority
Hapag-Lloyd invests in 6,000 reefer containers to help expand its South American trades Many of the new containers will be installed on 10,500 teu newbuildings ordered in April
MLC two years on: a positive driver for change The Maritime Labour Convention has improved the lives of those serving at sea
Retailers struggle to balance inventories as online sales grow An empty shelf in a big box store may be a retail logistics manager's worst nightmare, but it's not the only one. An empty warehouse rack or shelf may be just as bad, especially if that warehouse ships e-commerce orders. The need to serve both in-store and online customers is complicating...
US intermodal hit 10 week-high as train speeds improve Despite flatlining train speeds and persisting service issues, U.S. intermodal volumes have increased to their highest level in more than two months. U.S. intermodal traffic for the week ending Aug. 15 rose 2.3 percent year-over-year to 276,443 units, according to the Association of American Railroads, the largest rail lobby in the...
Governor, Speaker visit Port of Oakland, call for transport fix Oakland, Calif. - Sacramento came to the Port of Oakland today seeking support to fix ailing transportation infrastructure. Without road and other transport improvements, Gov. Jerry Brown and Assembly Speaker Toni Atkins warned, California's economy is at risk. "It's fundamental that California be able to move goods and people in a...
Roadrunner Transportation Systems announces addition of new board member CUDAHY, Wis. - Roadrunner Transportation Systems, Inc. (NYSE: RRTS), a leading asset-light transportation and logistics services provider, announced today that Brian Murray has been appointed to its Board of Directors. Mr. Murray will also serve as the Chairman of Roadrunner's audit committee. "We are extremely pleased that Brian is joining our board of directors...
SC Ports Authority, Representative Jim Merrill and Senator Larry Grooms announce Daniel Island land transfer CHARLESTON, SC -Today the South Carolina Ports Authority (SCPA), Representative Jim Merrill and Senator Larry Grooms announced the completion of a lease agreement granting oversight of a 50-acre land parcel on Daniel Island to the South Carolina Department of Parks, Recreation and Tourism (SCPRT) for public benefit. The 99-year lease fulfills...
Washington ports grab market share from Canadian rivals Port of TacomaThe newly-formed alliance of the ports of Seattle and Tacoma increased their container throughput nearly 8 percent in July and grabbed a bit of market share from their Canadian competitors. The Northwest Seaport Alliance, formally established earlier this month, saw its share of volume through the region rise to...
Shippers say they're moving production back to US, but stats don't reflect After decades of moving operations overseas, executives at U.S. manufacturing and distribution firms say they're coming home, or at least closer to home via Mexico. Yet in spite of the hubbub over so-called "near-sourcing" and promises that U.S. manufacturers want to move operations back on to U.S. soil, the country continues...
Amway selects Amber Road to improve supply chain visibility into its air & ocean shipments EAST RUTHERFORD, NJ - Amber Road (NYSE: AMBR), a leading provider of global trade management (GTM) solutions, today announced that Amway, one of the world's largest direct selling businesses, will be using Amber Road's Supply Chain Visibility tool to increase its visibility into its air and ocean shipments and improve its supply...
Greece sets deadlines for port privatization Port of ThessalonikiGreece has set deadlines for the privatization of its two major ports, Piraeus and Thessaloniki, after waffling on the issue in the first half of year and putting the country's privatization efforts in doubt. The country's HRADF privatisation fund announced last week that binding offers for the tenders involving...
Next Gen PLM: Ensuring Compliance and Line of Sight Throughout Your Global Supply Chain Are you striving to bring new products to market faster and optimize supply chain efficiencies? Without fully integrating trading partners to connect your entire global supply chain, this is an impossible objective. Amber Road's new white paper explains how a collaborative supply chain platform can enable you to: Improve accessibility to shipping information Effectively...
Planned $2 billion Russian seaport would tap Asia-Europe rail A Chinese defense manufacturing company plans to build a deep-sea port in the Arkhangelsk region of Russia, giving shippers of containerized rail from Asia another ocean shipping option for northern Europe delivery. Poly Technologies, part of China Poly Group Corp. plans to build the port on the White Sea, which is...
US wastepaper exports plummet Plummeting U.S. exports of recycled paper contributed to a 5.2 percent decline in overall U.S. exports during the first half of 2015, as lower-value commodities were hit by weak demand, a strong dollar and the lingering impact of West Coast port delays. Recycled paper is the highest-volume U.S. containerized export. But...
More Chinese ports restrict hazardous cargo after Tianjin explosions More Chinese ports have followed in the footsteps of the Port of Tianjin to restrict the movement of hazardous chemical cargoes at their facilities, disrupting global supply chains and the manufacturers that depend on the inputs. The ports of Qingdao, Lianyungang, Ningbo, and Xiamen have tightened hazardous cargo regulations or outright...
Shanghai strengthens its grip on port rankings It's been five years since Shanghai toppled Singapore for the No. 1 spot in the JOC Top 50 container port rankings, and Shanghai firmly led with a 1.4 million-TEU spread in the 2014 results. Singapore, the Southeast Asia transshipment hub, had previously led the rankings for five years after dethroning...
Shippers should file claims; use set-off as last resort Q: We've been doing business with a particular motor carrier for several years. When claims arise, we have a standard practice: We determine the amount of money involved and subtract it from freight charges we owe the carrier and notify it of the reason. A couple of our carriers have...
Rickmers profit rises by double-digits Alexandra RickmersLONDON- Rickmers Group's operating profit rose 35 percent in the first half, as its shipping unit returned to the black and a strong dollar boosted revenues. Germany's largest container ship-owner and manager earned 137.4 million euros ($153.9 million) in the six months through June 30, up from 101.5 million euros...
Duisburg posts double-digit growth LONDON - Duisburg boosted container traffic by 10 percent in the first half of the year, shrugging off German rail freight strikes and China's economic slowdown, to consolidate its position as the world's biggest inland port. The German intermodal port attributed the rise to 1.8 million twenty-foot-equivalent units in the six...
Hapag-Lloyd expands South American reefer container fleet LONDON - Hapag-Lloyd has ordered 6,000 reefer containers to boost its share of the growing traffic on the South American trades. The German carrier said it has invested a double-digit sum in the containers, which have a capacity of 12,000 twenty-foot equivalent units, and will be gradually integrated into its fleet...
APL expands intra-Asia network Singapore-based container carrier APL has introduced a new, dedicated intra-Asia service in another sign of the seemingly insatiable demand for services on the trade. The weekly service, branded the Asia Subcontinent Express 2, or AS2, connects Jawaharlal Nehru Port Trust, India's busiest container handler, to China, South Korea and Singapore. The dedicated...
Brazil's customs agency strikes Brazilian customs officials demanding pay increases have gone on strike after threatening to do so for the past two weeks in a labor action that may last some time and cripple trade in the country. Ports and points of entry are being affected to different degrees as the National Brazilian Union...
Technology seen as key to unlocking 'hidden' truck capacity for shippers Truck capacity isn't tight, Abtin Hamidi believes, it's just hidden where shippers can't find it. Effective use of Internet-based technology can help unlock that capacity, lowering transportation costs for shippers and providing better freight at a good rate for carriers, Hamidi said. "My hypothesis is there really is no capacity crunch,"...
LRs re-discover August Long-range products tanker spot rates are moving sharply downward, pulling back from gains that had until now defied the typically slow summer season.
Attack halts Hodeidah An attack on the Yemeni port of Hodeidah has left significant damage, shuttering the facility.
Mols-Linien in the money Takeover target Mols-Linien has turned a profit for the first half of the year thanks to increased traffic.
"One year at least" Nine out of 10 shipping players believe that the dry freight market would need a minimum of one year to recover, a survey conducted by Platts has concluded.
Glencore and Cargill active Diana Shipping has secured a contract with Glencore for one of its panamax bulkers at a fraction above the present spot market level.
Farstad books loss Currency losses and an impairment test on its fleet dragged Farstad Shipping into the red in the second quarter.
Advantage bags suezmax cash Nazli Williams-backed Advantage Tankers has secured $61m to fund a pair of suezmax tankers.
Frangou sounds dry hope Angeliki Frangou believes Navios Maritime Holdings is starting to see the benefits of a dry cargo market recovery.
Eidesvik sells oldie Norway's Eidesvik Offshore has sold one of its seismic ships hot on the heels of turning profit for the second quarter.
Cosco: no Tianjin impact China's Cosco says its operations at Tianjin port have been unaffected by the blasts, which claimed the lives of more than 100 people and injured another 700.
Eidesvik turns profit Eidesvik Offshore has returned in black for the second quarter of the year thanks to higher operating income.
Euronav a buy at UBS Investment bank UBS has initiated coverage of Euronav with a buy rating amid anticipation of rising dividend in a strong market.
Rieber pushes up profit GC Rieber Shipping has more than doubled its net profit for the second quarter but has warned of a continued focus on shorter contracts in the future.
TIL takes Cardiff suezmaxes A much anticipated delivery of six suezmaxes from George Economou's Cardiff Marine to Tanker Investments Ltd (TIL) has been completed.
TIL's sextet delivered A much anticipated delivery of six suezmaxes from George Economou's Cardiff Marine to Tanker Investments Ltd (TIL) has been completed.
DFDS plans share split Danish ferry operator looks to enhance the liquidity of its shares with latest move.
SIOFF sinks into the red Continued soft rates and utilisation in the North Sea take their toll at Siem Offshore.
ZIM back in the black ZIM has continued to build on its restructuring efforts posting a second consecutive profitable financial quarter.
Pangaea extends COA Pangaea Logistics Solutions has extended a contract of affreightment (COA) for aluminum shipments worth a potential $350m.
Liner reliability declines Weaker performance on the Asia-Europe and Transpacific trades drags down sector average.
DNV GL releases class notation for gas STS transfers New class notation 'increases the acceptance of safe gas fuel bunkering operations by ports and local authorities'.
Eco ship benefit marginal, survey finds Fuel efficient tonnage caught out by falling bunker prices.
Kuwaiti refinery to resume bunker, oil production 'within days' KNPC responds to Monday's blast at its Al Shuaiba facility.
Lower bunker prices encourage ships to go faster Threatening to increase vessel supply and weaken freight rates.
New LNG bunker barge design Concept should meet operator needs, says architect.
Singapore firm buys hybrid-electric newbuilds Vessels claim up to 15% bunker savings.
Kuwati refinery to resume bunker, oil production 'within days' KNPC responds to Monday's blast at its Al Shuaiba facility.
Hyderabad increases cost of bunker licence Move forms part of general rise for shipping service providers.
Istanbul-based oil company expands ops at Ceyhan New jetty could increase bunker sales volumes for Delta Rubis.
New design LNG bunker barge design Concept should meet operator needs, says architect.
Indonesia: Bunker deliveries to be VAT exempt Development will 'theoretically' benefit all Indonesia bunkering firms, says source.
WTI at $32 per barrel 'a conceivable reality' Due to 'further oversupply throughout 2015', says Citigroup Inc.
Titan Petrochemicals to complete restructuring process Aims to strike off liabilities and winding-up petition in September.
Aegean to expand Fujairah ops in 'a few months' Aegean expects development to boost sales volumes.
Indonesian authorities exempt VAT from bunker deliveries Development will 'theoretically' benefit all Indonesia bunkering firms, says source.
WTI drops as US supplies rise The US benchmark tumbled to the lowest level in more than six years.
Firm says WTI at $32 per barrel 'a conceivable reality' Due to 'further oversupply throughout 2015', says Citigroup Inc.
Jamaican supplier to offer Castrol Marine Lubricants' products West Indies Petroleum Ltd says it is ready to start supplying.
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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