US sanctions Gambian vessels Deficient anti-terrorist measures at Gambian ports have led to sanctions on US-bound vessels calling at the West African nation. In a public notice on 22 June, the US Coast Guard (USCG) placed seven conditions on vessels arriving in the US that have visited any Gambian port within the vessel's last
G6 launches direct Baltic call The container carriers of the G6 alliance - APL, Hapag-Lloyd, Hyundai, MOL, NYK, and OOCL - have become the second liner consortium to offer a direct service from the Far East to the Baltic Sea. The group announced today that its Far East-Europe loop 7, operated with Ultra-large ships of more than
Seaway reopens after cruise ship accident Navigation has resumed on the St Lawrence Seaway after the 90-metre cruise ship Saint Laurent was safely refloated and towed from the Eisenhower Lock in Massena, New York, on June 21 after striking a bumper and taking on water. Fifteen ships were delayed during the 42 hours it took to remove the
Growth in Africa's GDP 'will boost insurance' Africa's anticipated 4.5% GDP growth in 2015 is expected to drive the expansion of insurance of African entities by both regional and global insurers. The current low uptake by global insurers is set to change, delegates heard today at the fifth annual Africa Insurance and Reinsurance Conference,
EU launches naval force to tackle 'human traffickers' in Med The Council of the European Union has launched a naval operation to target 'human smugglers and traffickers' in the southern central Mediterranean Sea. Known as EUNAVFOR Med, the operation will be given EUR11.82 million (USD13.41 million) to cover its initial mandate of 12 months. In a statement
Dry bulk rates recover in fragile market Spot freight rates for dry bulk carriers have risen from all-time lows, but the market outlook remains fragile, shipping analysts say. Capesize rates have rebounded in the past few days from the record low of USD 4,000/day and are currently quoted at USD 7,300/day by the Baltic Exchange, said Kurt
Poultry processor now Pan Ocean's biggest shareholder South Korean poultry processor Harim Group has almost sealed its takeover of bulker operator Pan Ocean, after its holding company Jeil Holdings replaced the Korea Development Bank (KDB) as Pan Ocean's biggest shareholder, following the allotment of additional shares. The share allotment is part of
Three ships in trouble in Australian waters Thai tanker Tasco Amata is at the centre of a pay dispute in the Port of Melbourne, Australia, after its crew called in the International Transport Workers' Federation (ITF), alleging unpaid wages. The ship has been stuck in Melbourne for six weeks undergoing repairs after breaking down outside
'K' Line clinches bauxite affreightment contract Japanese carrier 'K' Line today (22 June) announced that it has sealed a long-term contract to ship bauxite for Dubai-based Emirates Global Aluminium. 'K' Line plans to use Capesizes to transport 5 million tonnes of bauxite a year, starting from the end of this decade. That would work out to three-to-four
NYK expects weak yen to raise liner unit's profit Japanese carrier NYK Line expects its liner unit to make more money in financial year (FY) 2015, notwithstanding chronic overcapacity in the sector. The company, led by Tadaaki Naito, forecasts operating profit of JPY27.5 billion (USD224 million) for its liner unit in FY 2015 against the FY 2014
Mexico exposure to hit Singapore rig owners Mexican national oil company Pemex's decision to terminate rig contracts poses growing risks for Singapore rig owners, especially those with exposure to the Latin American country, a sector analyst has said. Pemex recently terminated three jack-ups from US-based Paragon Offshore and four
Five more robbers sought in Malaysian tanker hijacking Malaysian authorities are today searching for a further five suspected robbers believed to have been involved in the hijacking of tanker Orkim Harmony. The 2009-built, 7,301 dwt Orkim Harmony, which was carrying 6,000 tonnes of unleaded petrol from Malacca to
New Philippines port terminal to open in early 2016 The British company involved in a joint venture (JV) building a terminal in Bataan in the Philippines has confirmed it expects the new facility to launch in early 2016. Seasia Nectar Port Services Inc. (SNPSI), a JV between Seasia Logistics Philippines Inc. and the UK's Nectar Group Ltd, has
Avance Gas' Chinese-built VLGCs all fixed out Avance Gas president Christian Andersen has told IHS Maritime that all of the company's Chinese-built very large gas carriers (VLGCs) have been fixed out. Avance Gas, a joint venture between Stolt Nielsen Gas, Transpetrol Shipping, and Sungas Holdings, owns and operates nine VLGCs, of which five
PSA Singapore Terminals installs solar modules PSA Singapore Terminals has installed Solar Frontier's prototype ultralight and bendable copper-indium-diselenide (CIS) thin-film modules. The modules, designed and engineered in Japan, were installed at Pasir Panjang Terminal Building 3, PSA's newest terminal in Singapore. "PSA is pleased to be
Singapore shipping body calls for distinction between piracy and armed robbery Remarks from national trade group come amid more incidents in Straits of Malacca and Singapore
Stanford Marine signs $327m sharia loan Offshore specialists borrow from Noor-led syndicate as Islamic finances makes further headway
China Shipping Haisheng cancels shareholders' meeting as Beijing has not approved stake sale Shareholders of Shanghai-listed firm to meet later than planned as the SASAC has yet to give the nod to Lanhai deal
Goldenport on brink of quitting London exchange Controlling Dragnis family thought to be behind stock offer move
Odfjell exits European shortsea chemical trade Cost-cutting drive means exiting unprofitable trades for the Oslo-listed chemical carrier owner
Exmar LPG tops up existing Nordea loan Joint venture signs off on $310m revolver and $150m term loan
Chinese port eyes IPO for expansion Port of Zhoushan to raise $79.2m to build its valemax terminal
Avance's repaired VLGC Monsoon starts spot trading at last After a stuttering start to life, the new vessel is now earning good money for John Fredriksen-backed Avance Gas
North Group clocks up double whammy underwriting and pensions losses Marine mutual highlights free reserves after tough year
Shipping increases contribution to struggling Greece Tax revenues for the government have risen eightfold, says Union of Greek Shipowners
Spontaneous shipping An unexpected phone call demonstrates the current buzz in the tankers sector
K Line seals deal with EGA for bauxite ore transport Contract will involve five capesize bulkers
Dr Peters VLCC sale heralds trend for similar secondhand deals Nine- and 10-year-old VLCCs are attractive for buyers because they are such good value for money right now
Europe launches naval operations against human trafficking One-year operation in the Mediterranean to tackle illegal gangs sending thousands of people out to sea in ill-equipped boats
Show me the money: Wan Hai Lines Taiwanese carrier has performed well as a regional specialist, but increasing competition from larger players entering its market means the future is less certain
Data Hub: Freight Rate Monthly Freight rates slump to new lows as extent of vessel upsizing has far-reaching consequences for global spot market
Shipping's necessary heroes There are still ship operators who treat their crews like a commodity, but the ISWAN awards show us that there is something better going on in this industry
CEVA makes contract logistics business development director appointment in Iberia Madrid, Spain - CEVA Logistics, one of the world's leading supply chain management companies, has strengthened its senior management team in Iberia with the appointment of Philip Griffiths to the position of Contract Logistics Business Development Director. He joins CEVA from Kuehne + Nagel where he held the position of Lead...
On freight shipment, who should pay if shipper doesn't? Q: I am a collector and haven't collected freight charges for well more than a year. I notice "Section 7" of the bill of lading is gone. Does this mean I can't collect from the consignee? Collect, Prepaid, Customer Check Acceptable or COD amounts haven't been checked or signed. What's my recourse...
Indian ship carrying containers sinks off Mumbai An Indian-flagged cargo vessel carrying containers sank in the early morning hours of Monday about 40 nautical miles off the Mumbai coast, according to Indian maritime agencies. All 20 members of the Jindal Kamakshi's crew were rescued by the Indian Navy following distress calls from the cargo vessel, which was carrying...
US shippers rally around port productivity bill WASHINGTON - A slew of U.S. shippers and supply chain stakeholders Monday threw their support behind new legislation aimed at providing Congress with a database of port performance metrics in order to avoid a repeat of the crippling West Coast longshore labor negotiations earlier this year. The group of 100 manufacturers,...
Colombo International Maritime Conference to address growing regional trade potential Ninety per cent of the world's trade is moved through shipping and is considered as the wheels of global trade. It helps the global economy propel and develop new markets to create wealth among nations. In this context, Sri Lanka known to be a historical maritime nation is poised to play...
JAXPORT Board of Directors elects new officers JACKSONVILLE, Fla.- The JAXPORT Board of Directors unanimously selected a new slate of officers during its regular meeting today. The following officers will each serve a one-year term starting July 1, 2015: Chairman: Dr. John Allen Newman Vice Chairman: Robert F. Spohrer Treasurer: James P. Citrano Secretary: Ed Fleming Newman is Senior Pastor of The...
Duncan & Sons expands use of container chassis tracking solutions Woodcliff Lake, NJ, and Plano, TX -Asset Intelligence, a subsidiary of I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless solutions for the Industrial Internet of Things, has expanded deployment of its VeriWiseTM Track and Trace system with Duncan and Son Lines, Inc., to help Duncan manage its fleet of intermodal container...
Kenya's single window customs system begins July 1 Kenya is set to introduce a national single window system to streamline importing and exporting processes, ahead of trade powerhouses such as the U.S. The system, which comes into effect July 1, is expected to lower costs and increase efficiencies throughout the Kenyan trade system by integrating the functions and services...
IJS Global boosts management team and opens new branches Amsterdam, The Netherlands - International freight forwarder IJS Global has appointed Dave Minnebach as Ocean Freight Director EMEA, Jean-Luc Demoulin as Branch Manager Luxembourg, and Michael Leentjes as Branch Manager Rotterdam, as part of ongoing global expansion plans. Minnebach will be based in Rotterdam, The Netherlands, where he will head up...
Terminal operator backs proposal to outlaw US port slowdowns A West Coast terminal operator that suffered through three years of International Longshore and Warehouse Union work slowdowns at the Port of Portland is promoting legislation that would make maritime labor slowdowns illegal. The Preventing Labor Union Slowdowns Act was introduced over the weekend by U.S. Sen James Risch, R-Idaho. The...
Slide show: JOC Port Productivity - Top 10 Global Ports, 2014 Asian and Middle Eastern ports in 2014 provided far and away the best productivity for ships at berth than any other ports in the world, according to JOC Port Productivity data. Analysis of more than 125,000 port calls in 2014 ranked six ports in China and two ports from the...
Piracy or armed robbery? Report says most attacks are misclassified Most attacks on ships in Southeast Asian waters are armed robbery, not piracy, the Singapore Shipping Association says. Though it may seem a distinction without a difference, proper categorization of the crime is important in determining official responsibility for investigation and seafarer protection. Armed robbery is within a nation's territorial waters and...
Best Practices: Leveraging Technology in Transportation Powerful TMS applications give shippers the ability to manage orders, optimize loads, select the best carriers, settle payment and manage claims, and much more. This whitepaper highlights best practices of how these leading companies are experiencing significant benefits from technology - all provided by LeSaint's strategic technology partner: BE Aerospace: "Freight...
Churning better labor relations at US ports Ports in general, and U.S. West Coast ports in particular, exist in a hypercompetitive environment. Constant gnashing of labor and management amplifies competitive challenges. A new paradigm is needed - a new system and a new way of engagement between organized labor and terminal management. Mired in a 19th century bargaining...
Demand for Asia-US air cargo slows as ports get their act together HONG KONG - Asia-U.S. air cargo freight rates have continued to slide as port operations on the West Coast have sharpened up since the crushing congestion at the beginning of the year, according to data from Drewry.Shippers have air cargo solutions built into their supply chains to avoid port delays...
Hong Kong terminals join Maersk call for competition law clarity HONG KONG - Container terminals in Hong Kong have joined Maersk Line in calling for the territory's government to address competition law concerns that threaten to make the liner business illegal from next year. The Hong Kong Container Terminal Operators' Association also offered a warning that the transshipment business could easily...
Demand for Asia-US air cargo slows as ports get their act together, Drewry says HONG KONG - Asia-U.S. air cargo freight rates have continued to slide as port operations on the West Coast have sharpened up since the crushing congestion at the beginning of the year, according to data from Drewry.Shippers have air cargo solutions built into their supply chains to avoid port delays...
GasLog Partners buys trio GasLog Partners announced a $483m deal to buy three LNG carriers from its parent company as it launched a share sale and promised to raise its distribution to shareholders.
Gener8 in last lap Supporters of Gener8 Maritime's closely watched US initial public offering say they're getting a bad rap on prices paid to acquire their VLCC fleet as the IPO roadshow comes down the stretch.
'No price fixing' A multinational meeting on liner shipping did not find signs of price fixing in the growth of alliance forming in the containership space, the top US official in the talks has said.
Lock traffic on track Vessels are moving through the Eisenhower Lock of the St Lawrence Seaway after a cruiseship that hit a concrete wall bumper was refloated over the weekend.
"One had to pull out" Niels Smedegaard, chief executive of DFDS, says the charter of the two Eurotunnel vessels was mostly a matter of capacity on the Dover-Calais route.
Odfjell offloads trio Odfjell has exited the unprofitable European regional trade by selling three chemical/oil carriers.
MSC seals $1.35bn financing Italian owner taps banking syndicate for ECA-backed loan to fund two Fincantieri cruiseships.
LNG carrier breaks down An Algerian LNG carrier broke down in Greek waters and was being towed to safety on Monday.
SSA shakes off risks Singapore Shipping Association has played down the risk of attack faced by ships in South East Asian waters.
Crimean ban extended The European Union (EU) has banned European cruiseships from Crimea for another year.
Malta renews Iran deal Hafiz Darya Shipping Lines (HDS) has seen its contract with a major partner in the Mediterranean renewed.
Clearlake keeps Diana cape Diana Shipping has secured an extended period contract for one of its capesize bulkers.
Poland eyes merger Poland is merging two ferry operators and promising a fleet modernisation programme as it aims to capture a bigger share of the Baltic market.
Reef ship to pay up The city of Legazpi in the Philippines wants PHP 4m ($89,000) in compensation from a cargoship that grounded on a reef last week.
BC Ferries boosts profit British Columbia Ferries (BC Ferries) has posted stronger results for the fiscal year 2015, helping the company move forward with its fleet renewal project.
Eurotunnel accepts offer Eurotunnel has accepted the offer from DFDS for the acquisition of two ferries operating in the English channel.
DSME pulling out? Has South Korean shipbuilder had a change of heart over a planned takeover of STX France.
SCF suezmax refloated No damage has been reported to a Sovcomflot (SCF) tanker that grounded off Istanbul on Thursday.
Tanker pirates hunted Malaysian authorities believe five more hijackers of Orkim Harmony are still at large.
Ro-ro suffers engine fire No injuries were reported after a Stena ferry was hit by an engine room fire off the UK.
Widodo's overseas ban Indonesian president Joko Widodo is banning owners from buying vessels from outside the country.
Renewables a disruptive force A rise of renewable energy is a major risk to the dry bulk recovery, Snowdragon Advisory warns.
Debt swap for Bharati? Bharati Shipyard could be heading for a debt-to-equity swap as part of its financial restructuring.
Esvagt orders in Spain Esvagt of Denmark has ordered a new crew change vessel at Spain's Astilleros Zamakona with Havyard providing the vessel design.
VLCC price poser A flurry of deals in the VLCC market suggests a drop in the price of modern vessels while older tonnage is holding its value, experts say.
Bauxite boost for K Line Japan's K Line has secured work for its capesizes with a new long-term deal to ship bauxite ore.
Xinle wins cement ship China's Xinle Shipbuilding has clinched its first new order since last August.
Crew saved as ship lists All 20 seafarers on a listing general cargoship have been rescued off India.
Double trouble A handysize bulker ran aground in the St Lawrence Seaway in the early hours of Sunday morning.
Bulker in Parana grounding Navigation of the Parana River, a vital artery for Argentina's commodity exports, has been impacted by a grounded bulker.
Hijack suspects detained Vietnamese authorities have arrested eight men suspected of being behind the recent hijacking of a Malaysian flagged product tanker.
Cancellation dents PACD A cancelled drilling rig tender is believed to be the reason for the recent dramatic fall in Pacific Drilling's share price.
Iran acquires 'advanced oil vessel' Vessel injects acid into geologic oil and gas formations to boost crude production.
Forecasters say oil prices are set to firm Oil could be trading at $82 per barrel by the beginning of next year, says hedge fund.
Poland eyes bigger slice of Baltic market Via merger of two ferry companies
Sulphur plans ridiculed by industry observer 'Bulk liquid carriers loaded with low sulphur fuel for the cruise industry will be steaming into Sydney freely burning sulphate like nobody's business.'
DFDS, Eurotunnel ferry deal goes through DFDS may buy ships later on.
Softer bunker prices make freight rate rises unlikely Box trade operators struggle in tough market.
Gibraltar officials in Greece to strengthen bunker ties 'This visit is an effective way for Gibraltar to strengthen its relationships with bunker suppliers and clients.'
Malaysia: Arrest in subsidised diesel ring investigation Marine police finds lorry with modified fuel tank.
Poor bunker performance hits Asian firm's profts Annual losses widen for Hong Kong-listed company.
Pertamina: Storage and blending facilities 'on track' Facilities to support bunkering sector.
Yacht biofuel given go-ahead in US Follows five-year evaluation period.
Bunker sales halt tugs on Asian firm's bottomline Annual losses widen for Hong Kong-listed company.
Pertamina: Oil storage and blending facilities 'on track' Facilities to support bunkering sector, says Pertamina spokesman.
European shipowner buys series of 'eco' newbuilds Up to a dozen vessels on order.
Report: Iranian oil company denies storing products at sea National Iranian Oil Company official says claim holds no truth.
Panama Canal expansion to boost box traffic at US East Coast ports 10% traffic shift from US West Coast ports to East Coast ports could occur, study finds.
New facility to produce 'recycled' marine fuel Plant based in southwestern US.
US biofuel for yachts given go-ahead Follows five-year evaluation period.
GAC: Clients' bunker needs 'rapidly evolving' Customers no longer simply seeking for lowest prices, Global Director tells Bunkerworld.
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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