Svitzer increases focus on regional growth in Middle East and Africa Towage company Svitzer is expanding into regions it says have "substantial growth opportunities" by establishing dedicated regional operations from 1 October. "This increased focus will bring us even closer to existing and new customers in Africa, the Middle East, and Asia" said Svitzer's chief
Abbot Point port expansion to be approved Indian conglomerate Adani reached two milestones this week for its proposed AUD20 billion (USD14.6 billion) Australian port, rail, and mine project in northern Queensland. On 21 August, the Queensland state government announced that a draft environmental impact statement (EIS) on dredging and
Masan's throughput up 12% in 2Q15 South Korean port city Masan, which has been struggling to raise throughput volumes, has seen a breakthrough with the opening of Gapo New Port. Masan Regional Oceans and Fisheries Administration said the city, which is in Gyeongnam province, has handled 7.351 million tonnes of cargo in the second
Petra Energy profits almost double Malaysia-listed offshore services provider Petra Energy posted a MYR14.9 million (USD3.6 million) for the second quarter ended 30 June 2015 (2Q15), almost double the profit of MYR8 million in 2Q14. Revenue went up by 29% year-on-year to MYR164.6 million in 2Q15 compared with revenue of MYR127.4
Indonesian marine police detain three Rehobot hijackers North Sulawesi Marine Police have detained three alleged hijackers of the Indonesian-flagged tanker Rehobot. They were named as La Ade Boy Tan aka Valentino, Machmud Manoppo, and Alko Pankey, and were detained at Nagrak, Gunung Putri. Out of 13 suspects, four are already on trial at Bitung State
Ultra Deep Group orders multipurpose diving support construction vessel Singapore-based offshore services provider Ultra Deep Group has ordered a multipurpose diving support construction vessel (MDSCV) from China Merchants Heavy Industry. The 142 m MDSCV is by far the largest vessel ordered by Ultra Deep Group. It is scheduled for delivery in the first quarter of 2018.
DNV GL, Tianjin Desail to develop new liftboat design The Chinese-owned Tianjin Desail is working with DNV GL to develop a new liftboat design for offshore construction, accommodation, and maintenance, which will have 90% local content, the companies said on 21 August. This collaboration comes following the agreement between DNV GL and Tianjin Desail
Maersk resumes operations at Tianjin port Maersk Line on 20 August resumed its operations at Tianjin port. The liner suspended its operations following explosions that rocked the port on 12 August. The explosions have so far claimed 114 lives and injured hundreds more. Maersk Line expects some disruptions and delays to its services
China Exim Bank extends $690m for 10 box ship order at Jinhai China Exim Bank on 20 August inked an export buyer's credit guarantee agreement with UK investment company BCAP to provide USD690 million funding for 10 container ships to be built at Jinhai Heavy Industry. The bank will also extend export seller's credit loan to the shipyard. The box ships, all
CMA CGM temporarily suspends smallest trans-Atlantic route CMA CGM said it will temporarily suspend its Liberty Solo service, the smallest of the carrier's four services between North Europe and the U.S. East Coast. The carrier said it continues to have a "strong commitment" to the trans-Atlantic, which Drewry Maritime Research has described as one of the few healthy...
ATA welcomes Emerge Diagnostics as featured product provider Arlington, Va. - Today, American Trucking Associations is pleased to announce its latest ATA Featured Product provider, Emerge Diagnostics. "Managing driver health and wellbeing is very important for efficient fleet operations," said ATA President and CEO Bill Graves. "We are very pleased to welcome Emerge Diagnostics as our latest Featured Product...
NFI adds over 3.5 million square feet in 2015 CHERRY HILL, N.J. - Supply chain solutions provider NFI has added nine new facilities to its real estate portfolio in the first six months of 2015. Totaling 3,587,342 sq. ft. of space, the distribution centers, located across Pa., Texas, Miss., N.C., and N.J., serve NFI's valued customers in the retail,...
NS Chief Marketing Officer to address Cowen and Company 8th Annual Global Transportation Conference Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Marketing Officer Alan H. Shaw will make a presentation at the Cowen and Company 8th Annual Global Transportation Conference. What: Cowen and Company 8th Annual Global Transportation ConferenceWhen: Wednesday, Sept. 9, 10:40 a.m. EDTWhere: Boston Harbor Hotel, Boston, Mass.Webcast URL:
Trac Intermodal taps Alexander senior director of customer service TRAC Intermodal, the leading intermodal equipment provider and chassis pool manager in North America, has appointed Joseph Alexander as Senior Director of Customer Service. Alexander reports to Mark Michaels, Chief Commercial Officer, who joined TRAC Intermodal in May, 2015. Mr. Alexander will be responsible for cultivating a highly-responsive customer centric approach...
Asia-Europe spot plunge portends badly for Sept. 1 GRIs The outlook for Asia-Europe carriers gaining general rate increases of up to $1,000 per 20-foot equivalent units worsened after spot rates this week plummeted in the double-digits from the prior week. The average spot rate from Shanghai to the Mediterranean plummeted 32 percent to $449 per TEU, while spot rates from...
Retailers felt US West Coast congestion pain through second quarter U.S. West Coast congestion roiled retailer rollouts of spring product lines even after employers and longshoremen ended their showdown in late February, executives told investors during recent second-quarter earnings calls. The protracted labor negotiations between the International Longshore and Warehouse Union and the Pacific Maritime Association, which ended Feb. 20 when...
Truckers ready new driver pay hikes as peak season looms With freight tonnage increasing in July, and the fall peak shipping season looming, trucking companies are readying another round of truck driver pay increases. Freight demand may not be as strong as a year ago, but the need to secure drivers remains a key pressure point in discussions of truck...
Trans-Pacific spot rate fall bodes poorly for coming GRIs Spot rates for shipping a container from China to the U.S. fell this week from the prior week, boding poorly for carriers' general rate increase push next month and clouding the peak season outlook. The Shanghai Containerized Freight Index on Friday reported an 8 percent decrease in spot rates to move...
IBM, Singapore mine Big Data to improve port productivity Port of SingaporeIBM and the Port Authority of Singapore are working to tap so-called Big Data to improve productivity and maritime safety at the major transshipment hub. The two have signed a memorandum of understanding to establish a two-year agreement wherein IBM will create a unified information gathering platform that includes...
The Internet of Things for Freight Logistics Freight logistics companies, industry analysts, and technology providers are talking about how the Internet of Things is already impacting global supply chains. The Internet of Things (IoT) provides connectivity of devices, systems, people, and services worldwide, offering potential improvements to the way global supply chains operate on a day-to-day basis....
Oakland port supports terminals' Saturday gate proposal - with caveats Trucks outside the Port of OaklandThe Port of Oakland "strongly supports" its marine terminals' plans for Saturday truck gate operations but has two big concerns, port Executive Director Chris Lytle told the U.S. Federal Maritime Commission. Lytle said a proposed fee to fund the weekend gates must be reasonable, transparent and...
DOT's truck parking safety effort could mitigate tightening capacity WASHINGTON - The U.S. Department of Transportation is calling for a national coalition to address a nationwide parking shortage for truck drivers, just another factor that has been contributing to rising transportation costs and ever-tightening capacity in the sector. A U.S. DOT Federal Highway Administration study found that nearly half of...
Slide show: JOC Port Productivity - Least-efficient global ports of 2014 Asian and Middle Eastern ports in 2014 were the most efficient in handling ships at berth than any other ports in the world, according to JOC Port Productivity data. But what about the 10 ports at the bottom of the barrel in terms of port productivity? Analysis of more than 125,000 port...
MSC to charter 10 container vessels Mediterranean Shipping Co. is set to increase its fleet by 10 ships of more than 10,000 20-foot-equivalent units in the coming years. The new ships are part of a deal China's Import Export Bank struck providing BCAP, a U.K. investment firm, $690 million. After taking delivery of the ships, BCAP will...
Sydney set to usurp Melbourne as top Australian container port. Port of MelbourneSydney is poised dethrone Melbourne as Australia's No. 1 container port, thanks to its inland rail connectivity that got a boost from government investment. In a sign of this shift, Qube Logistics has abandoned its plans for intermodal hubs near Melbourne in favor of opportunities at Sydney, according to...
Hapag-Lloyd eyeing IPO in October LONDON - Hapag-Lloyd is said to have fast forwarded preparations for an initial public offering to September and could list its shares on the Frankfurt Stock Exchange as early as October. A strong second-quarter result, due to be published next week, has prompted the German ocean carrier to bring forward its...
Jawaharlal Nehru shippers grapple with residual congestion The backlog of containerized freight that built up over the past three weeks following the week-long shuttering of APM Terminals' Gateway Terminals India is wreaking havoc on supply chains at Jawaharlal Nehru Port Trust, India's busiest container handler, according to local logistics providers. "There is heavy traffic and congestion prevailing in...
JES shuts its doors JES International Holdings has closed for business as it appeals a court's rejection of a proposed restructuring plan, and it has turned to police over allegations that some of its records have been absconded.
Lease inked for LNG floater Steelhead LNG has forged a deal with a Canadian First Nations group that gives the developer land for a floating liquefaction facility off British Columbia province.
Diana Shipping tied to bulker buy Shipbrokers report that Diana Shipping has purchased a modern kamsarmax bulker from Fortune Ocean Shipping.
Pricing a good ship We take a look at what was said in the market over the past week.
Ardmore uses higher shelf Tanker owner Ardmore Shipping has registered to sell shares and securities worth up to $500m.
Ullman buys stock Concordia Maritime chief executive builds up his stake in the product tanker owner.
Genting strong in first half Genting has boosted its first half core operating profit thanks to the acquisition of Crystal Cruises while the disposal of its NCL shares saw its net profit surge.
MISC banks $830m in cash Vitol has swept up MISC's stake in a terminal joint-venture for $830m in cash.
Tankers ready to rock VLCC spot rates are poised to explode again this winter, Arctic Securities believes.
Grindrod profit slashed Grindrod of South Africa has seen its first half earnings chopped as its dry fleet suffered from low rates.
Belships logs bigger loss Belships has seen its loss for the second quarter double as the market value of its dry fleet was reduced.
Hanssons up NAT ante Herbjorn and Alexander Hansson have topped up their interest in suezmax specialist Nordic American Tankers.
China targets cruiseships China's cruise industry ambitions look set to step up a gear with a tie-up between a state-owned shipbuilder and the country's sovereign wealth fund.
Skaugen slices loss A sale of a ship-to-ship transfer business to partner Teekay has helped IM Skaugen cut its second quarter loss.
Ridgebury still going strong Ridgebury Crude Tankers continues to make the most of the strongest suezmax tanker market since 2008.
Vopak earnings rise Healthy demand for services in Europe and the Americas help to lift bottom line.
Sealink profit unchanged Sealink International has reported second quarter results of MYR 1.8m ($380,000) which were largely unchanged from a year ago.
Total SA employee in 'expert group' for IMO fuel availability study French news article criticises France's decision to have Total's Franck Chevallier 'represent' the nation.
NASSCO set to launch second LNG-fuelled ship Vessel is expected to reduce particulate matter by 98% and CO2 emissions by 72%.
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