CMA CGM Group inaugurates new logistics platform in Cameroon, announces creation of entity dedicated to inland transportation solutions development
Ghana to implement Advanced Shipment Information
Inext Group launches subsidiary company, opens new office
Kalmar lifts performance standards with launch of new heavy forklift
MOL signs charter contract for 2 LNG newbuildings
NYK completes winter safety campaign
OSPL expands its services to 99 destinations
Apeda to help exporters revive mango shipments to Japan
Govt imposes anti-dumping duty on Chinese graphite electrodes
Pulses imports to rise steadily to 3.7-3.8 mt this fiscal
3 PSUs eyeing capacity at Swan's LNG terminal
Adani Hazira Port handles record rock phosphate
Chennai Port becomes first southern port to receive NMG car rake
Clearing of cargo backlog at US West Coast ports to take two months
Construction well underway on Europe's first semi-automated container port
First JNPT-APEC seminar for port officers inaugurated
MICT celebrates road safety week to encourage safe driving
Railways freight earnings up by 12.43 pc in April-Jan.
Cabinet approves INR 4K/t export subsidy for raw sugar
Crude oil imports may attract 5 pc Customs duty
Govt may reduce Customs duty on oilseeds imports
Govt's focus will be on investments in infrastructure: Jaitley
Increased output by CIL helps cut coal imports by 21 pc in Jan.
Seeks to exempt part of Customs duty on import of urea under Urea Offtake Agreement between the Government of India and Oman-India Fertilizer Company S.A.O.C.
Amarcon boosts new bulkers' fuel efficiency Amarcon is to deliver SEEMP-compliant OCTOPUS-Onboard fuel monitoring systems for 12 Handysize bulkers being built by Yangzhou Guoyu Shipbuilding for Pioneer Marine (Singapore). Due for delivery in 2015 and 2016, the 25,000 dwt Handysizes have a Green Dolphin design, intended to reduce fuel
Coastal wins Mexican OSV pair Kuala Lumpur-based shipbuilder Coastal Contracts has announced that its wholly owned subsidiary Coastal Offshore (Labuan) has won orders for two offshore support vessels (OSVs) from a new customer in Mexico. Under the shipbuilder's first orders for 2015, the newbuildings are set to be delivered in
Tankships revises IPO plan A new US initial public offering (IPO) registration by Tankships scales back on benefits for Greek sponsor George Economou. The updated plan, filed on 20 February, calls for up to USD150 million to be raised via the float and for shares to be listed on NASDAQ under the symbol 'TNKS'. Economou would
Siem cuts Q4 loss as Russian fruit imports drop Siem Shipping narrowed its fourth-quarter shortfall, despite a plunge in Russia's fruit imports as tumbling oil prices undermined the rouble and convulsed the country's economy. The Oslo-listed company reported a net loss of USD0.8 million in the fourth quarter, compared with a USD2.5 million
Ballast water treatment system gets US coastguard approval Bawat's heat-based ballast water treatment system (BWTS) has gained US Coast Guard (USCG) Alternate Management System (AMS) acceptance, says the Denmark-based company. Bawat now enters a five-year interim period in which to secure full approval. "We are very excited about the acceptance letter
Skaugen bondholders agree to extend maturity IM Skaugen says holders of its IMSK12 bond have agreed to extend its maturity to 30 June 2016 from 27 February 2015, letting the company refocus onto core activities. More than two third of bondholders who met in Oslo today gave approval to the board's proposal to extend its maturity, said Skaugen
Dry bulkers crawl amid dire freight rates Dry bulk vessels have steamed more slowly in the past three months amid rock-bottom freight rates, say shipping analysts at Oslo-based Arctic. Erik Nikolai Stavseth and Kurt Waldeland said the trend is apparent across a range of ship categories. "Our sailing speed data suggests Capes have actually
Box ship demolitions set to slow in 2015 Container ship scrapping is likely to decline this year, despite challenging trading conditions, says a senior shipping analyst. While last year's demolition sales totalled 378,000 teu, for 2015 "300,000 teu looks like a realistic figure", said Peter Sand, chief shipping analyst at the Baltic and
Daebo International files for bankruptcy protection Daebo International Shipping has been announced as a third dry bulk shipping company to seek bankruptcy protection this month amid plummeting freight rates. Daebo filed for a court receivership, a form of corporate bankruptcy, on 11 February 2015, said a company official. From 13 February, the
MMA Offshore profits climb 55.8% MMA Offshore - formerly Mermaid Marine Australia - announced its new name today along with a 55.8% rise in first-half net profit to AUD37.7 million (USD29.4 million). Since buying out Jaya Holdings subsidiaries in June, the company has merged the two businesses under a single global brand, which
US West Coast box terminals reach tentative pact Shipowners and dockworkers reached a tentative five-year labour agreement after deadlocked talks pushed container operations at US West Coast ports to near gridlock. The pact between the Pacific Maritime Association and the International Longshore and Warehouse Union, announced on 20 February,
NOL could return to profit this year Singapore-registered Neptune Orient Lines (NOL), the parent company of APL, could snap its three-year loss-making streak this year, an analyst has predicted. Besides a gain from the USD1.2 billion sale of APL Logistics to Japanese freight forwarding giant Kintetsu World Express, NOL would also gain
Westports seeks M&A targets in Southeast Asia Malaysia-listed port operator Westports Holdings is seeking merger and acquisition (M&A) targets in the Southeast Asia region. The company has yet to find a suitable terminal in the region to expand its business operation, deflating market rumours that the company is already in talks with external
EA Technique wins USD191.8 mil. contract Malaysia-listed shipowner EA Technique has secured a USD191.8 million contract to provide a floating storage and offloading unit (FSO) facility for a project in the North Malay Basin. The contract would see EA Technique providing engineering, procurement, construction, installation, and
Falcon Energy completes CH Offshore takeover Singapore-listed offshore services provider Falcon Energy Group has completed the takeover of CH Offshore (CHO) since its revision of an improved offer. According to Falcon Energy's filing in the Singapore Exchange, Falcon Energy and its concert parties have purchased and controlled an aggregate of
Bumi Armada incorporates Armada Etan Malaysia-listed offshore services provider Bumi Armada has incorporated a wholly owned subsidiary named Armada Etan in the Marshall Islands. The new subsidiary will engage in principal business activities of shipowning, chartering, ship management, provision of marine support, and other services to
Westports seeks M&A targets in Southeast Asia Malaysia-listed port operator Westports Holdings is seeking merger and acquisition (M&A) targets in the Southeast Asia region. The company has yet to find a suitable terminal in the region to expand its business operation, deflating market rumours that the company is already in talks with
Penta-Ocean deploys dredger in Southeast Asia Japanese dredging and construction company Penta-Ocean Construction (Penta-Ocean) has deployed a new-build dredger for its projects in Southeast Asia. The company announced it has taken delivery of Cassiopeia V, a suction dredger, from ASL Marine shipyard in Singapore. A suction dredger is a work
EA Technique wins USD191.8 mil. contract Malaysia-listed shipowner EA Technique has secured a USD191.8 million contract to provide a floating storage and offloading unit (FSO) facility for a project in the North Malay Basin. The contract would see EA Technique providing engineering, procurement, construction, installation, and
Bumi Armada incorporates Armada Etan Malaysia-listed offshore services provider Bumi Armada has incorporated a wholly owned subsidiary named Armada Etan in the Marshall Islands. The new subsidiary will engage in principal business activities of shipowning, chartering, ship management, provision of marine support, and other services to
NOL could return to profit this year Singapore-registered Neptune Orient Lines (NOL), the parent company of APL, could snap its three-year loss-making streak this year, an analyst has predicted. Besides a gain from the USD1.2 billion sale of APL Logistics to Japanese freight forwarding giant Kintetsu World Express, NOL would also gain
Falcon Energy completes CH Offshore takeover Singapore-listed offshore services provider Falcon Energy Group has completed the takeover of CH Offshore (CHO) since its revision of an improved offer. According to Falcon Energy's filing in the Singapore Exchange, Falcon Energy and its concert parties have purchased and controlled an aggregate of
Maersk Line to shine but challenges ahead for other divisions Analysts forecast that full-year profits will be lower than expected
Lunar new year offers demolition cheer as rates find a footing Imports of cheap Asian steel have declined over the past fortnight, helping to stabilise falling rates
Tanker Investments hails positive impact of floating storage on other tankers Storage on VLCCs will have knock-on impact on suezmaxes and aframaxes
Intra-Asia carriers equip entire box fleet with smart containers Carriers say the technology will allow them to differentiate in a commoditised industry
BE&O takes covered fleet close to 2,000 vessels Fixed income P&I provider claims 25% jump in number of ships insured
Champion of LNG as bunker fuel lambasts 'inertia of thought' Old habits prevent progress, says Graypen boss Tim Gifford
Wisdom Marine to order handysize bulker at Onomichi Dockyard Profit-making Taiwanese owner continues to expand orderbook in spite of market woes
AVIC Maritime eyes expansion in Chinese ship design and offshore energy Singapore-listed unit of China's AVIC Group remains ambitious after posting higher profits last year
Britannia gains 5m gt in last year Further wins in renewal round, despite 2.5% general increase
Daebo bankruptcy a sign of pressures facing small dry bulk players South Korean firm becomes third carrier falling victim to continued weak markets this month
VLGC spot rate rises despite Lunar New Year chartering lull But spot rate could flatten as Year of the Goat gets under way
Ferry casualty near Dhaka claims at least 68 lives Vessel on River Padma in Bangladesh was struck by a cargoship
Equipment Finance Index hits 3-year high on increased capex spending A monthly measure of equipment financing activity hits its highest point in three years this month, pointing to increasing capital spending in construction and transportation. The Monthly Confidence Index for the Equipment Finance Industry rose to 66.3 from the 66.1 reading reported by the Equipment Leasing and Finance Foundation last month. Large...
Volume rose 4 percent at top US cross-border trucking gateways The number of tractor-trailers that passed through the top five U.S. border crossings rose 4 percent in 2014, as stronger U.S. industrial output drove trade with Canada and Mexico. The truck gain also comes as importers had difficulty getting goods inland from U.S. seaports. The increase in truck traffic in 2014...
West Coast ports easing back into full production, PMA says With a tentative contract in hand, West Coast ports are easing their way back into full production, although the performance of longshoremen Monday was not consistent up and down coast, according to the Pacific Maritime Association. In Los Angeles-Long Beach, the International Longshore and Warehouse Union resumed full dispatch of skilled...
TPP hinges on Obama getting trade promotion authority, trade officials say The completion of a long-awaited Pacific trade deal may still be a ways off, international officials say, so long as U.S. legislators continue to delay key trade legislation that would make the deal possible. Chief negotiators from nations on both sides of the Pacific are set to meet the second week...
Crowley to expand Jacksonville terminal acreage Crowley Liner Services will expand its footprint at the Port of Jacksonville's Talleyrand Marine Terminal in preparation for the carrier's transition to new ships that will operate between the U.S. mainland and Puerto Rico. The port announced a lease agreement that will expand Crowley's current 12-acre Talleyrand leasehold to 50 acres....
Lakes-Seaway opening set for March 27 The Great Lakes-St. Lawrence Seaway system's navigation season is scheduled to reopen March 27 following its annual winter shutdown that began Jan. 1, U.S. and Canadian authorities announced. The seaway handled 40 million metric tons of cargo in 2014, its highest volume since 2008, as rail congestion increased the waterway's grain...
Panama Canal aims to keep volume gains fueled by West Coast congestion The Panama Canal Authority is setting its sights on retaining the increase in container volumes from Asia to the U.S. East and Gulf Coast ports it gained in recent months, thanks to shippers diverting cargo from congested West Coast ports. Even though it has not experienced any increase in the number...
CMA CGM opens West Africa logistics hub CMA CGM has opened a logistics complex, between the port and city of Douala, Cameroon, and set up a new firm to handle inland transportation in West African markets. The French carrier has a 25-year concession to operate the two hectare (4.95 acres) 3CTC terminal, which includes a 1,200 square metres...
Trans-Atlantic carriers' rate push faces headwinds as volume rises Trans-Atlantic carriers face a struggle to hike rates amid rising capacity and new competition, even as the euro's slide against the U.S. dollar boosts shipments on the key westbound leg, according to Drewry Shipping Consultants. Traffic from Europe to North America increased by 8.4 percent in 2014, the second fastest growing...
India's Vizhinjam hub plan fails to attract investors India's long-contemplated plan to build a privately operated container transshipment hub at Vizhinjam, near Trivandrum, took a hit after investor groups balked at rebidding for the contract on Friday. "We are both surprised and saddened. We have now decided to extend the tender by a month," officials said. The local agency handling...
Manila box backlog easing but yard levels still high HONG KONG - It is almost a year since Manila imposed the daytime truck ban that led to horrific congestion in the Southeast Asian port, but even though the terminals are making ground on the backlog of containers, yard utilisation is still at unhealthy levels.At Manila South Harbor (MSH) and...
Joint venture supports Port of Tauranga's big ship plans New Zealand's Port of Tauranga had solid increases in container throughput and transshipment volumes in the first half of its financial year (July-December).HONG KONG - New Zealand's Port of Tauranga and logistics management company Kotahi will form a new joint venture to support robust export cargo volume commitments made last...
Oakland ILWU work stoppage ruled illegal by arbitrator The grievance machinery in the International Longshore and Warehouse Union contract was back in effect only 24 hours when the area arbitrator in Oakland on Sunday ruled that members of ILWU Local 10 had engaged in an illegal work stoppage. The arbitrator's ruling is significant because the grievance machinery in the...
Crowley scores Jaxport renewal Crowley Liner Services has won approval from the Jaxport board of directors to expand its footprint at the Florida port facility.
Cape sale stuns market Asset prices in the capesize segment have plunged in recent months and many believe the trend will continue in the months to come.
Scrapping accelerates The near-term forecast for the dry-bulk market still looks grim but a sharp spike in demolition deals is encouraging, a leading investment bank to clients today.
How low can you go? Analysts are growing increasingly concerned about the future of the dry-bulk market amid speculation that some owners will be forced to lay-up tonnage in the months to come.
All eyes on DRYS Day rates for tankers have soared in recent months but a leading equity analyst does not believe the rebound will eliminate the challenges that DryShips could face in the months to come.
Skaugen extends IM Skaugen has emerged victorious in a race to postpone the deadline of a bond that was scheduled to mature this week.
Iran eyes Russia run The governor general of Iran's Mazandaran province is proposing a new sea link to Russia in the Caspian Sea.
Canal bill to soar? The cost of expanding the Suez Canal could hit $15bn, according to an Egyptian consultant.
Oil spill in New Zealand Hundreds litres of oil were spilled into New Zealand's waters during a transfer operation from a platform to a tanker.
Farstad fixes newbuild Norway's Farstad Shipping has chartered out a newbuilding for up to 16 months to France's Technip.
Bulker freed from ice A veteran bulk carrier stuck in ice for several days has been freed with the assistance of two Canadian icebreakers.
Two crew hurt Two seafarers have been injured, one seriously, in a crane accident on a BigLift Shipping vessel in Australia.
68 dead in sinking Sixty-eight people have died after a cargo vessel was in collision with a ferry on a Bangladeshi river on Sunday.
Scandlines signs up Scandlines has signed up with the Trident Alliance group of shipowners seeking to ensure compliance with new low-sulphur fuel regulations.
Siem Shipping cuts loss Norway's Siem Shipping has reduced its deficit in the fourth quarter as costs were reduced.
Saudi crew for Topaz Topaz Marine has joined forces with Saudi Arabia in an effort that will see cadets working as officers on its vessels.
MMA boosts profit MMA Offshore has been profitable during the six-month period ended December as it presented its first financial results after its merger with Jaya Holdings.
Coastal clinches OSVs Malaysian shipbuilder Coastal Contracts has won a new order from Mexico for offshore support vessels (OSVs).
MISC takes on LNGCs Malaysia's MISC has taken on contracts for five LNG carriers from its parent Petronas for $1.1bn.
Bestway better Ship designer Shanghai Bestway Marine Engineering Design has increased earnings in 2014.
Offshore crewman killed A Filipino man has died on a Dof-operated offshore ship in Norway.
Zueitina opens again A Greek tanker has loaded the first oil at Libya's port of Zueitina for nearly a year.
Daebo seeks protection Daebo International Shipping has reportedly filed an application for rehabilitation proceedings with a court in South Korea.
Experts plan SOx pow wow Experts from all North Sea SOx Emission Control Area (SECA) countries are set to meet this week to discuss sulphur emission enforcement.
Scrappers welcome deal The US recycling industry has welcomed the deal in the West Coast ports dispute which they say has severally hampered exports.
Volumes suffer big drop Long Beach was quick to welcome the peace deal between dockside workers and shipping companies and with good reason.
US ports back in action US West Coast ports resumed operations over the weekend after a tentative deal was reached between unions and shipowners.
Australia to ban vessels flouting maritime rules Could be refused entry for up to 24 months.
Dan-Bunkering adds two offices in South America Located in Valparaiso and Montevideo.
ABS approves LNG-powered towboat design Capitalises on Wartsila's dual-fuel technology.
Human error caused bunker spill from state-run ferry Chief engineer unfamiliar with the fuel-transfer system, says probe.
ABB to supply fuel monitoring systems 'Fuel consumption is the highest operational expenditure for the global fleet, and one of the biggest environmental concerns.'
Dual-fuel still good for LNG carriers Despite fall in oil price, says lawyer.
Opposition 'sensationalising the risks of LNG bunkering' Gibraltar opposition party claims LNG bunkering accident would be 'catastrophic'.
Trident Alliance signs up new member Ferry company supports firm and transparent enforcement.
New appointment at CSC Commodities Derivatives market has seen 'dramatic changes, including the exit of many traditional liquidity providers.'
'Private sector should have run bunker project' Sri Lanka Ports Authority facing criticism for failed venture in Hambantota.
Korean dry bulk outfit goes under Citing difficult markets.
Meeting of ECA states to focus on compliance Talks take place this week in Denmark.
Report: Marine lubricants market set to grow Market revenue to reach $9.36 billion by the end of 2018.
Glander International Bunkering expands India ops Employee has more than seven years of experience in bunkering.
Cockett Marine Oil hires staff at Greece Apostolos Papatheodorou joins company as supply trader.
SLPA to exit marine fuels business Port authority expects $16 million loss from Hambantota bunkering operations.
Hybrid ferries to be fitted with Corvus' energy storage system Technology will help reduce emissions, improve operational efficiency of vessels.
Specialised policing unit to monitor Suez Canal corridor Unit to be managed by Egypt's Minister of Interior.
Brazilian fast supply vessel completes launch, trials Vessel's fuel capacity is in excess of 40,000 litres.
Condition-monitoring system to go to main engines ClassNK and Mitsui collaborating on system.
US West Coast ports dispute settled Longshore workers and PMA reach five-year deal.
Indian firm to buy 'fuel-saving' feeder ships Company head backs government plan to link all Indian coastal cities.
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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