First French treatment centre for contaminated sediment Jan De Nul Group environmental subsidiary Envisan France has inaugurated the Eco-Materials Production Centre in La Seyne-sur-Mer, the first of its kind in the Mediterranean area. The centre is part of the SEDIMED research programme, which aims to remove administrative and regulatory barriers and
Cafiero companies reunite to form Italtugs Three former Cafiero family companies are to reunite to form a new Italian towage and port services group under the name Italtugs. The new company is to be formed through the merging of the towage and port services businesses of three existing operators: Augustea, Scafi, and Cafimar. The original
UN crime inspector death 'not related' to Höegh Transporter arrest The UN believes the death of its maritime crime programme co-ordinator, Shamus Mangan, in Kenya is not related to the arrest of a H'egh Autoliners' ro-ro ship at Mombasa Port. The 21,400 dwt Norwegian-flagged Höegh Transporter was detained on 17 September when it was found to be carrying undeclared
Russia service capacity slashed Trade sanctions, the weakness of the local currency and oil revenue reductions continue to undermine cargo traffic into Russia, forcing ship and logistics operators to adjust their capacities down, trends reveal. Danish ro/ro operator DFDS said yesterday that it is downgrading its service on the
New vessel, new contract for Jan De Nul Belgian dredging giant Jan De Nul (JDN) today announced Vidar's maiden offshore wind farm project, just 10 days after taking over the jack-up crane vessel. Formally operated by German company Hochtief, Vidar is under two years old and specifically built to install the foundations and turbines for
Daiichi Chuo denies insolvency talk Japanese bulker operator Daiichi Chuo told IHS Maritime on 25 September that rumours it will file for receivership are untrue. For the first quarter of its financial year, which began on 1 April, Daiichi Chuo booked a JPY7.85 billion (USD63 million) loss. The company has forecasted a JPY13 billion
UK P&I issues guidance on west Africa piracy UK P&I Club has issued practical guidance on ship security to address a movement in pirate activity from east to west Africa. In a statement, UK P&I's head of loss prevention, Stuart Edmonston, said: "We have seen a sizable shift in pirate activity from Somalia to west Africa and are witnessing an
STX O&S wins LR1 tankers from Andriaki Shipping South Korean shipbuilder STX Offshore & Shipbuilding said on 24 September that it has won two 74,000 dwt product tankers from a Greek ship owner. Brokers suggested to IHS Maritime that the customer is Andriaki Shipping. STX O&S said its Jinhae yard will deliver the ships by the second half of
CMES signs 20-year deal to ship Vale ore to China Shanghai-listed China Merchants Energy Shipping (CMES) has signed a long-term chartering contract with Brazilian mining giant Vale to ship about 6 million tonnes of ore per year. The contract will be for 20 years with a further five years as an option, according to a CMES stock exchange filing on
LNG to be dominant fuel by 2030 LNG will be the dominant fuel powering the global shipping industry by 2030, according to experts speaking at the LNG Bunkering Mediterranean Summit in Barcelona on Thursday. The forecast was based on LNG being considerably cheaper than low-sulphur marine oils. It would mean that 80% of the current
China LNG to finance LNG vessel projects in China Hong Kong-listed China LNG on 23 September signed agreements with nine Chinese companies to finance LNG vessel projects in China. The nine companies are Jiangsu Dajin Heavy Industries, Jiangsu An Shun Shipbuilding, Jiangsu Jiangbei Ship Industry, Jiangsu Qinfeng Shipbuilding, Pizhou City Dongfang
Korea EXIM withholds Maersk payment from DSME The Export-Import Bank of Korea (Korea EXIM) is withholding advance payments for Maersk ship orders from Daewoo Shipbuilding & Marine Engineering (DSME). This has resulted in friction between the shipbuilder's two biggest creditors, Korea Development Bank and Korea EXIM. DSME, South Korea's
Indian government urged to back merchant fleet growth Indian shipping needs a fund backed by the government to spur growth of the country's merchant fleet, David Rasquinha, deputy managing director of Export-Import Bank of India, has told the INMEX-SMM Conference in Mumbai. Indian-flagged ships carry barely 10% of the total export-import cargo of the
Diamond S Shipping joins Norient product tanker pool Eight medium range vessels from Diamond Shipping bring the total pool fleet to 87
IMO holds World Maritime Day symposium IMO and industry called to act on education
NewLead inks time charter for dry bulk eco-type handysize The 2013-built Newlead Castellano is set to complete two consecutive voyages by the end of November at a daily rate of $7,000
Capesize spot rates hold steady Spot trading in the physical market underpinned by the paper market
Shipping confidence hits 2015 high All main industry categories more upbeat over last quarter, Moore Stephens survey finds
BP considers sale of older, smaller LNG carriers as lease nears end Possible sale of three LNG carriers ahead of delivery of new, more efficient vessels later this decade
George Economou group inks VLGCs at Hyundai Debut duo will be chartered for a minimum five years by Shell
UK P&I Club urges tighter security against West Africa piracy Risks highest when vessels at anchor
Asia-Europe rates slump to lowest level since June Carriers' failure to implement latest price push sees rates fall by more than 30%
CMES enters COA with Vale Move follows purchase of four valemaxes in July
Melbourne privatisation inquiry told of stakeholders' fears Port users cite concern over rent rises, potential for capacity expansion and handling bigger ships, and lack of transparency in commercial details
Indian Register of Shipping seeks authorisation from Singapore's MPA Independent ship classification society is looking to extend its reach in Southeast Asia
Jennings takes International Group reinsurance role North veteran to head key subcommittee at P&I body
Cexim to provide $2.8bn financing to Waigaoqiao Shipbuilding Policy bank revs up efforts to lift compatriot yards from muddy market
Three groups merge to form Italtugs New entity will enable groups to be more competitive on a domestic and international scale
Singapore Navy rescues crew of capsized trawler Two of five crew members treated for minor injuries
EU states urged to take action on compensation for victims of cargo hazards BIMCO, ICS and Ecsa issue joint call for hazardous and noxious substances convention to be ratified
Globus Maritime second-quarter losses widen Dry bulk shipping company sinks deeper into the red amid soft market conditions
Analyst note: Protests likely to disrupt cargo from India to Nepal Trucks wait in India to cross into Nepal.Major road crossings along the India-Nepal border were closed Wednesday and while the border remains open for people crossing on foot or by bicycle, vehicles have been prevented from crossing by protesters on the Nepalese side and by India's Armed Border Force, the...
Eastbound trans-Pacific rates continue tumble despite strong volumes Freight rates in the eastbound Pacific trades lanes continued to decline this past week even though the trend in container volumes has been decidedly positive. With overcapacity a problem during this peak season, carriers are either unable to raise their rates, or choose not to do so because they fear...
HPH extends Barcelona concession, pledges full automation The Port of Barcelona has announced a deal with Hutchison Port Holdings to extend the current 30-year concession HPH holds for operating Barcelona Europe South Terminal by 15 years in exchange for the operator investing $6.5 billion in automation to boost productivity, according to local newspapers. BEST claims to be the...
Chances of rate rally in Asia-Europe trades are slim As if a huge surplus in capacity weren't enough, container shipping in the troubled Asia-Europe and Asia-Mediterranean trades is moving into the slow third quarter with little chance of a rally in prices to ease the pain of weak freight rates. A look back at the Shanghai Containerized Freight Index illustrates...
India is liberalizing shipping, but cabotage protections will stay India's director general of shipping Deepak Shetty said that while the country is working to streamline its bureaucracy to facilitate maritime trade, the total removal of cabotage protections was out of the question. "We have relaxed these restrictions selectively, but in the interests of the growth of the domestic merchant shipping...
NY-NJ study narrows options for cross-harbor freight link A study of ways to improve waterborne freight transport across New York harbor has narrowed preferred options to either an improved railcar barge "float" system or an underwater freight tunnel between New Jersey and Brooklyn. The recommendations came in a Tier 1 final environmental impact statement released by the Port Authority...
Santos engineers take on dredging vs. erosion issue A university professor thinks he may have found a solution for saving a project to dredge the channel into the port of Santos to 17 meters, or 56 feet, and also the town's prestigious beaches from erosion as a result of that dredging. Gilberto Berzin, who is also a civil engineer...
Oakland posts record revenue for fiscal year The Port of Oakland reported record operating revenue for the fiscal year that ended June 30, even though the volume of loaded containers passing through the port declined 6.5 percent due to work slowdowns and terminal congestion experienced during the year-long coastwide longshore contract negotiations. Oakland reported revenue of $336.6 million...
Reclamation work at Busan New Port inches forward The long-stalled Phase 2-4 of the Busan New Port is getting back in motion with the submission of applications to begin reclamation works, South Korea's Ministry of Oceans and Fisheries (MOF) announced Thursday. The entire Busan New Port development project is slated for completion in 2020 with 34 container terminals, four...
Overcapacity, productivity issues a bitter mix for container industry For the first time in months, there are no jump-off-the-page issues in the container shipping industry, perhaps because summer is ending and people are returning from vacation. Many older concerns remain, however, including overcapacity, which will get much worse before it gets better unless ocean carriers take the kind of...
Danaos starts joint venture to buy secondhand ships Danaos Corporation has launched a joint venture called Gemini Shipholdings to acquire secondhand container ships in a bid to capitalize on depressed prices. Gemini has acquired three container ships at "attractive discounts to market values," said Danaos Wednesday. The three vessels are the 6,422 twenty-foot-equivalent unit, 2001-built NYK Lodestar; the 5,610...
CEVA snags Continental's UK operations CEVA Logistics, the world's sixth largest third-party logistics provider, has won a $50 million contract to handle Continental's U.K. operations for the next five years. CEVA will operate the major tire manufacturer's 226,000 square foot warehouse and distribution center located in Central Park, Rugby, which moves roughly 3 million tires each...
Maersk postpones Med-India hike, CMA CGM pushes Pipavav reefer GRI Maersk Line announced it is postponing by a month the implementation of the general rate increase it planned to apply Oct. 1 on the Mediterranean-India trade lane. As a result, the previously-announced rate hike of $200 per 20-foot-equivalent unit for dry cargo will now take effect Nov. 1, the Danish carrier...
No end to spot rate decline as Asia-Europe weekly capacity stays ahead of demand HONG KONG ' The Asia-Europe spot rate fell 31 percent over last week to its lowest level since mid-June, but the year-over-year comparisons are even more stunning and reflect a container trade being buried by excess capacity and flagging demand.This week last year the spot rate on Asia-Europe was 70...
New all-cargo airline to enter China's booming courier market HONG KONG ' A new all-cargo airline will enter greater China's fast-growing express market next year after a mainland carrier, a Nasdaq-listed aircraft leasing company and an online retailer set up a joint venture to create United Star Express Airlines.The deal was reached in Tianjin at the Annual China Air...
Target takes Torm pair Anthony Comninos's Target Marine has stepped into the sale and purchase market for the first time in more than a year and a half with a double panamax deal.
Crew ship under hammer Another arrested Gagasan Carriers vessel to be auctioned off in Malaysia.
Odfjell in $190.5m overhaul Norwegian owner teams up with four banks to refinance debt on seven tankers.
Lay-up adds to woes Another drilling rig has been idled in the North Sea, increasing the pressure on anchor-handler (AHTS) owners.
What next for the Baltic? Jeremy Penn's surprise decision to quit the Baltic leaves a key industry position open and choices for the exchange's future direction.
Fuel pumped from bulker Sweden's coast guard says it has completed the removal of some fuel from a grounded bulker at Fladen.
Norden: $5m and counting Norden is one quarter of the way to reaching its long-term cost cutting target and believes major reductions can still be made.
Andriaki behind STX LR1 order Greek owner confirms deal with South Korean shipyard for $46m tankers.
Dry devastation A bloodthirsty market marauder, a listening banker, sad shipowners and the legacy of Senator Jones.
HKND takes precautions The Hong-Kong group building the Nicaragua Canal will install locks to prevent tsunami damage.
CMES pens Vale deal China Merchants Energy Shipping (CMES) has put the finishing touches to a long-term strategic tie-up with Brazilian giant Vale.
Havila Troll stays busy Havila Shipping has seen the contract for its sole rescue and recovery vessel (RRV) further extended.
UK P&I in Africa alert The UK P&I Club has urged shipping companies take extra caution while sailing off west Africa due to increased pirate activity.
Fehn Ship installs rotor Fehn Ship Management has turned to alternative propulsion systems and is set to install a rotor on one of its vessels.
Second Bergen unit files A second subsidiary of Norway's Bergen Group has filed for bankruptcy on Friday.
Penn to exit Baltic Jeremy Penn has revealed he will step down as chief executive of the Baltic Exchange next summer.
CP Dyvig bid rejected by DSF Danish Ship Finance reported to have knocked back a $600m takeover offer.
Wisdom orders bulk duo Taiwan's Wisdom Marine has added to its extensive orderbook with a deal for two new bulkers in Japan.
SC starts Cuban run Ro-ro group using chartered vessel to link Florida to two island ports.
Wilhelmsen wraps up TIMM deal Norway's Wilh Wilhelmsen has snapped up a rope provider in which Stolt-Nielsen was a major shareholder.
Seven tankers for BF Russia's BF Tanker has inked a series of river-sea tankers at two domestic shipyards.
Suezmax orders raise concern Arctic Securities has raised a red flag regarding the growing suezmax orderbook as rates in the sector continued a stellar week.
Allseas in "Vatican" scam A UK court has heard how a trader posing as a multimillionaire with links to the Vatican swindled offshore owner Allseas Group out of EUR 100m ($111.5m).
Boa cancels again Boa Offshore has cancelled its last newbuilding, but could face a dispute with Noryards in Norway.
RCL closer to Oslo exit Royal Caribbean Cruises has filed an application for the voluntary delisting of its shares from the Oslo Stock Exchange.
Kumar takes EMAS top job EMAS Offshore has a new chief executive this morning after the current incumbent opted for pastures new.
Boluda expands Canary links Boluda Lines is to launch a dedicated weekly shuttle service connecting the port of Alicante to the Canary Islands.
Petrobras adds two double-hull bunker barges to Brazilian ports Vessels will 'improve' bunker delivery services.
USCG reviewing Washington State Ferries' LNG plan Public comments will inform Captain of the Port's recommendation letter.
LNG bunkering will be driven by pollution rules Environmental rules will start to influence Asia markets, say industry observer.
WFS: Analysts revise their estimates 'sharply downwards' 'The downturn in energy prices has badly impacted all companies in the fuel supply industry.'
Conflicting messages on shipping ahead of Paris climate talks Fundamental policy questions remain, but academic warns that shipping organisations are putting overly positive spin on CO2 trends.
'Above-average demand in Singapore' Market back to normal business after public holiday.
Troubled operator struggling to sell dry bulk vessel 'If you look at the Baltic Dry index, you can see that it is falling and so is the price of these ships.'
Sources: Possible strike by South Korean barge operators Unless requests are met by October 1.
Director of bunkering firm expands portfolio Freddy Er of Singapore-based Transocean Oil takes role with Chinese firm.
LNG bunkering 'will gain momentum' when oil prices rise More LNG bunkering facilities to be built in the next four to five years.
Company mulls bunkering expansion into Baltic Company in move to strengthen market presence.
Director of bunkering firm expands business portfolio Freddy Er of Singapore-based Transocean Oil enters new appointment with Chinese firm.
LNG bunkers to gain momentum when oil prices rise More LNG bunkering facilities to be built within next four to five years.
Baltic state company mulls bunkering expansion Company in move to strengthen market presence.
Houston shipyard to construct diesel-electric ferry Vessel will be delivered in early 2017.
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