Italdraghe weed dredger for Lake Victoria Dense mats of water hyacinth and hippo grass steadily taking over Lake Victoria have closed the fishing and tourist boating industries in Kenya's third largest city, Kisumu, and are threatening fish stocks. The situation is so serious that the World Bank funded a loan for the Kenyan government and
GLDD wins LNG terminal contract LNG exporter Cheniere Energy has tapped US dredging contractor Great Lakes Dredge & Dock (GLDD) to dredge two ship berths at its marine terminal being built in Corpus Christi, Texas. The project, which involves dredging approximately 3.3 million m3 (4.3 million yd3) of material, also includes
EBRD takes stake in Turkish port operator The European Bank for Reconstruction and Development (EBRD) will take a 10.84% stake in the capital of fast-growing Turkish cruise port operator Global Ports Holding. The bank said the proceeds of its investment, which will enable Global Ports to increase its capital from TRY66.25 million (USD21.79
Fresh cargo outlook brightening Demand for ocean shipping capacity by producers and importers of fresh food is bound to grow faster in the coming years despite economic difficulties in key emerging markets, experts have agreed. Accelerated growth was forecasted in the annual consumption of fresh food until 2020, according to
Hundai Mipo wins box ship pair Hyundai Mipo Dockyard has won a contract for the construction of two 25,000 dwt container ships from Seoul-based Nam Sung Shipping Co. The 1,600 teu vessels will be built for Seoul-based Nam Sung Shipping Co and delivered in May and July 2017. The Korean owners operate 20 fully cellular vessels on
Indian recyclers win ClassNK compliance Two years after applying for a ClassNK certification for internationally compliant shipbreaking, two Indian yards have been issued with statements of compliance (SoCs). The SoCs were issued to yards belonging to Priya Blue Industries and Kalthia Ship Breaking, both located at Alang in the western
Analysts: Sembcorp Marine faces profits reversal Singapore rig builder Sembcorp Marine may reap lower profits as more customers request to defer rig deliveries, a securities house has predicted. Demand for rigs and drillships has shrunk as oil prices continue to trend downwards and oil companies cut back on exploration and production activities.
BSM to manage Maersk Line ships Maersk Line has decided to hand over the management of six vessels to Bernhard Schulte Shipmanagement (BSM). "Currently managed in-house by Maersk, the six vessels ranging in size from 2,500 to 11,000 teu will be managed over the next five years from BSM's Ship Management Centre in Hamburg,
Weak dry bulk market may claim more victims A weak dry bulk shipping market could put more firms in 'jeopardy' after the collapse of Daiichi Chuo Kishen Kaisha in Japan, shipping analysts in Oslo warn, adding that Daiichi's apparent lack of funds to undergo restructuring worsens the situation. "The company owns 95 ships and is 17% owned by
Owners told to 'prepare for European CO2 regulation' Classification society DNV GL has advised shipowners to start preparing for Europe's own CO2 emissions measuring and cutting scheme, which comes into force on 1 January 2018. The Monitoring, Reporting, and Verification (MRV) regulation will apply to all vessels equal to or larger than 5,000 gt
VLGC rates slip ahead of October LPG prices Rates to ship LPG on very large gas carriers have fallen by USD10 per tonne as the market quietens ahead of Saudi ARAMCO's announcement of LPG contract prices for October. The Baltic Exchange assessed the benchmark Gulf-Far East rate at USD79 per tonne on 28 September, compared with USD89.50 per
Shipping as usual during Sydney's Barangaroo do Commercial shipping in Sydney Harbour in October will be overshadowed, but not disrupted, by a fleet of tall ships commemorating 200 years of maritime history and the opening of the Barangaroo foreshore redevelopment. "It will be business as usual," Brendan Elliott, community engagement manager,
Safety issue under-reporting 'endemic', offshore safety report finds Lives potentially at risk from nature of offshore employment
Petrobras issues early termination to Ultrapetrol platform supply vessels Ultrapetrol to consider negotiations with Petrobras and employment in other offshore markets
Is this the future of LNG shipping? Interbasin trading, low rates, further fleet growth: Gas shipping industry forecasts developments set to reshape industry
USCG makes it easier to extend ballast water compliance date Move comes as approved systems are still unavailable
Offen vehicle CPO Holding announces first results Net result $23.6m, Hamburg owner says
Mersey Maritime chief Teasdale retires Founder director will remain on organisation's board
Asian shipowners welcome certification of Indian recycling yards Granting of statements of compliance shows there are high levels of safety and environmental protection, says ASF
ICTSI makes further move to alleviate Manila congestion Terminal operator hopes equipment upgrades at nearby Subic facility will convince local customers to shift business away from Manila
Thriller in Manila Sailors' Society kicked off its first gala dinner in the Philippines and announced an expansion of its home building initiative
MSC rules out IPO or acquisitions Diego Aponte says world's second largest container line will remain focused on organic growth
Port of Ningbo merges with port of Zhoushan Greater ports consolidation can be expected in Zhejiang region
Frontline delists from London Stock Exchange Limited liquidity and costs force Fredriksen tanker company to leave London Exchange
Singapore to launch initiatives to attract talent to maritime sector Action committee aims to bring in more than 1,200 recruits over next five years
Daiichi Chuo seeks quick corporate restructuring Update: Japanese bulker operator stresses court protection is limited in civil rehabilitation proceedings
Maersk puts 12 ships under ER and Schulte management Danish giant admits it is seeking to learn best practice from leading practitioners
Zhong Chang Marine chairman resignation fuels back-door listing speculation More China-listed coastal shipping firms have become takeover targets
Low carbon emissions maritime initiative launched in Singapore IMO-led project aims to support energy-efficiency measures for shipping
MSC calls a halt to further boxship orders Diego Aponte encourages other lines to act responsibly in managing Asia-Europe capacity
Wärtsilä to maintain GasLog's LNG carriers Marine solutions and services provider secures a three- to five-year contract
LNG shipping stocks hammered in US trading Investors' concern over commodities giant Glencore spreads to gas carriers
US Coast Guard apprehends vessel at port of Tacoma Bahamian-flagged ship will remain in port until safety issues are resolved
Does Swift's reduced outlook signal trouble for trucking? When Swift Transportation lowered its earnings guidance for 2015 last week, it raised concern in some quarters that the wheels were coming off the truckload market and perhaps even the economic recovery. However, the reduction in earnings at the largest U.S. truckload carrier has more to do with growing pains...
Port Performance Conference North America
Dar es Salaam works to double capacity, cut dwell times The fast-growing port of Dar es Salaam is working to double its annual capacity to 30 million metric tons per year and reduce dwell times from nine days to five by 2020, in an effort to become the top gateway to landlocked East African countries. The Tanzanian port serves the growing...
Outlook for fresh food cargo brightening Refrigerated ocean cargo volumes are bound to grow at an accelerated pace in the coming years despite economic difficulties in key emerging markets, experts say. Annual consumption of fresh food is expected to pick up the pace over the next five years, according to reefer and agriculture experts from leading global...
JOC forecast: US imports to hit record high this year U.S. containerized imports this year will surpass 20 million 20-foot-equivalent units for the first time, driven by continued strength in housing, automobiles and consumer spending, predicts JOC Senior Economist Mario O. Moreno. In the JOC's latest quarterly Container Shipping Outlook, Moreno increased his 2015 forecast for U.S. import volume to 6.6...
Technology aims to double hourly port container throughput Container ports fighting bottlenecks that drive up costs for shippers may soon have a new weapon: an automated container management system that promises to double throughput hourly. Israel Aerospace Industries said its newly unveiled Rethinking Container Management System, an autonomous solution for unloading, loading, and moving and storing containers in ports...
Port labor actions hurting Brazil poultry exporters Libra Terminal 37, Port of Santos, Brazil.Strikes and slowdowns by Brazil's customs officers are creating serious delays for chicken exporters in Brazil, according to the Brazilian Association for Animal Protein (ABPA). Marcelo Oliveira, the chief communications officer at ABPA, told JOC.com the week-old strike by Federal Agricultural Inspectors (FFA) is taking...
USA Truck names Con-way's Tewari president of trucking USA Truck continues to restructure its management team, hiring 25-year trucking veteran Martin Tewari as president of trucking, a new position at the company. Tewari, formerly vice president of operations at Con-way Truckload, will report to USA Truck President and CEO Tom Glaser. Glaser, who became president and CEO in July,...
Novorossiysk to deepen to lure larger ships from Ukraine Port of NovorossiyskThe Russian government plans to spend between 20 and 25 billion rubles ($400 to $500 million) to expand and deepen the harbor of the Novorossiysk seaport to handle larger vessels, in order to make it more competitive with Ukrainian ports also on the Black Sea. The project, slated to...
Cosco, China Shipping talks to drag on for another month HONG KONG - China's two largest shipping lines and their subsidiaries have extended the trading suspension of their shares for another month as the carriers continue to discuss "asset reorganisation" in what is strongly believed to be negoriations over a merger.Shares of Cosco, China Cosco, China Shipping Container Lines, China...
Europe-east coast S. America container outlook bleak, Drewry says LONDON - The Europe-East Coast South America trade is facing a bleak future with freight rates set to remain under constant pressure from shrinking container volumes, according to Drewry Maritime Research. The latest demand figures show northbound traffic is inching toward zero growth while the southbound leg remains deep in negative...
Scrapping has little impact on oversupplied trade routes, Drewry finds HONG KONG - If all the ships over 20 years old were demolished tomorrow, the global fleet would shrink by around 750,000 TEUs, or 4 percent of the total, yet ship utilization on the embattled Asia-Europe services would not budge 1 percentage point.Drewry made this surprising point in its Container...
Rising volumes push Manila, Subic to upgrade ports Subic Bay International Terminal Corporation has added 16 new Kalmar Ottawa terminal tractors to its prime mover fleet ahead of an expected increase in container movement in the coming months.HONG KONG - International Container Terminal Services Inc. is investing heavily in construction and port equipment to improve productivity that will...
SeaLand reliability improves after bumpy start SeaLand, launched in January to provide a more specialized service in the Americas, got off to a rough start with reliability of around 50 percent, but in the ensuing months the company said it has made major progress meeting shippers' needs. SeaLand has focused on its feeder network to increase...
Shipping shares dip further Shipping industry stock prices continued to slide Tuesday's as analysts point to concern about commodities-related shares.
Hapag-Lloyd mood change Moody's Investor Service has upgraded its outlook for Hapag-Lloyd's credit rating as a result of low bunker prices, the company's merger with the liner business of Chile's Compania Sud Americana de Vapores (CSAV) and plans for an initial public offering (IPO).
Sinotrans orders quartet Sinotrans Shipping has ordered four boxships at CSSC Huangpu Wenchong Shipbuilding Company for $98.2m.
VV hope for VLCC prices VLCC prices are expected to heat up to match the strong market, according the VesselsValue.com.
EMGS shrinks its fleet Oslo-listed seismic survey company says vessel disposals are part of cost reduction measures.
Godby buying ro-ro Finland's Godby Shipping has agreed to buy a veteran ro-ro as the market picks up.
New North Korean link China establishes first official shipping service to neighbouring nation.
Hail Mayor Jeffrey! Church bells rang out in the City this lunchtime as Lord Mountevans was formally elected Lord Mayor of London for the next year giving a further boost to the city's shipping community.
South African flag reborn? South Africa's national flag has welcomed its first ship since 1985.
Zim banks $24m Israeli line sells stake in European terminal to pay off some of its bond debt.
Indian breakers backed Japan's ClassNK issues statement of compliance to two ship recycling facilities.
STNG buys back $9m Scorpio Tankers has invested over $9m in its own stock in the past month, it told investors today.
Time to catch the knife? DNB Markets says it may be time to buy LNG shipping stocks caught in commodity/Glencore selldown.
Get ready for Stoptober UK P&I Club says further measures should be implemented to prevent smoking on ships.
Pittas shows new hand Greek family now owns over one-third of Euroseas following its last call on investors, filing shows.
Offen reshapes to grow Reederei Claus-Peter Offen has reshaped its shipping business with a view to expansion in a move that may foreshadow an initial public offering (IPO).
Victoria duo fined The master and chief officer of a Hong Kong bulker have been fined in connection to its grounding off Sweden last week.
Gunvor eyes Dutch buy Swiss trader in talks to acquire a Rotterdam refinery from Kuwait's national oil firm.
GMS ships out newbuild Abu Dhabi owner charters out brand new vessel delivered ahead of schedule to oil major.
Daiichi looks to rebuild Daiichi Chuo Kisen says it will be business as usual as the company directors attempt to build a new future for the company under Japan's civil rehabilitation law.
MOL takes Daiichi hit Giant Japanese shipowner MOL has revealed it will book a loss of JPY 25bn ($208m) due to its exposure to compatriot bulker player Daiichi.
Trojan bulker detained A Greek bulk carrier has been detained by the US Coast Guard (USCG) in the port of Tacoma due to safety deficiencies.
Maersk in third-party move Container giant breaks with tradition in sending a dozen ships to outside managers.
Four vie for ferry run Four potential operators have submitted bids to continue a Canada to US ferry service.
Prosafe chairman resigns Prosafe chairman Ronny Johan Langeland has stepped down for health reasons.
Daiichi files for bankruptcy Japanese shipowner Daiichi Chuo Kisen Kaisha has filed for bankruptcy protection with huge debts.
Norden eyes cape sales Norden looks set to offload two of its capesize bulkers as it looks to concentrate on the smaller segments of the dry bulk market.
Mystery ferry deal Incat Crowther has been commissioned by an undisclosed Central American operator to design a unique monohull fast ferry.
GLDD wins dredging gig Great Lakes Dredge & Dock Corp has secured work to carry out dredging work for an LNG export terminal in Texas.
LR to test, verify SulNOx's fuel emulsion technology Will also provide technical support and consultancy services.
Nigerian anti-oil theft measure deters oil exporters The requirement has contributed to a sharp rise in freight rates between West Africa and the US.
'Alarming' incidence of fuels with poor cold temperature properties 'MGO fuels have been known to solidify at temperatures exceeding +20°C,' claims additive specialist.
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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