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22 February 2019 The on-line newspaper devoted to the world of transports 21:17 GMT+1

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Sched Netweb site
FEBRUARY 12, 2018
  • Asia-Europe rate rose 0.2pc to US$914/TEU, fall 4.3pc to USWC
  • Maersk falls short of its US$1b profit target, only managing $541m in the black
  • Box shipping lines earn US$7 billion in 2017, outlook looks brighter for 2018
  • Levels of harmful pollutants from UK shipping worse than previously thought
  • ONE launches Asia-South America services with Hapag Lloyd, MSC and HMM
  • HMM, AAL jointly launch multi-purpose Asia-Middle East service
  • ICTSI Basra terminal enters second phase of terminal expansion
  • Naval Dome cybersecurity solution tested on Zim boxship
  • Cathay Dragon to inaugurate new service to Jinan in March
  • Lion City's new air cargo facility to boost annual capacity to 5.4m tonnes
  • ST Aerospace bags US$30m 5-year contract from Lufthansa Cargo

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Exim Indiaweb site
FEBRUARY 11, 2018
  • A. P. Moller-Maersk grows revenue & underlying profit in 'year of transformation'
  • Baltic Exchange applies changes to BDI
  • Evergreen orders eight 11,000-TEU vessels
  • HICT offers new service between Haldia & Bangladesh
  • IMO & EBRD sign new partnership to support sustainable shipping
  • MANSA draws JNPT's attention to likely conflict between terminal operators on inter-terminal transfer of containers
  • The paradigm shift in regulatory mechanism for carriage of goods at sea
  • Direct Port Delivery seen congesting Kolkata Dock System
  • DP World Chennai felicitated on International Customs Day
  • Amazon eyeing delivery
  • DHL Express expands in Gujarat
  • Cabinet approves signing & ratification of protocol amending the agreement between India & China for avoidance of double taxation & prevention of fiscal evasion

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International Transport Journalweb site
FEBRUARY 12, 2018
  • Change and growth meet
  • Turkey: e-CMR opens major digital corridor
  • CO2 neutral logistics facility for L'Oréal
  • Finnair records strong start to new cargo year
  • Hermes appoints chief technology officer
  • US class I railroad augments PTC installations
  • Car maker deepens cooperation with Cuxport
  • EFL granted AEO status
  • Austrian freight railway steps up Italy services
  • Basra's BTG enters into the second phase
  • New project manager for Brasporto Logistica
  • Durban's best-ever quarter for airfreight
  • Converted freighters ordered in Singapore
  • Pharma.Aero welcomes new secretary general
  • XPO: net income on steep upward trajectory
  • Transport associations call for end to block clearance
  • Alpha Terminals makes major investment in Vlissingen

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IHS Maritimeweb site
FEBRUARY 9, 2018
  • Slideshow: Top takeaways from Fairplay's Polar Code webinar
  • Bain Capital ups efforts to win over Giuseppe Bottiglieri creditors
  • China's commodity imports surge in January
  • 2017 losses for Maersk energy businesses as challenges remain
  • Maersk Line misses target but reports USD541 million profit
  • Volumes rise, profits fall at APM Terminals
  • CLP aims to invest in Québec LNG terminal
  • Confusion as Jakarta mandates cabotage for coal and palm oil exports
  • USD1.5 billion from lenders keeps Ezion restructuring on track
  • Hyundai HI and Hanjin Heavy Industries & Construction report losses
  • Gas Ships listing plan points to public LNG play by Economou

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The Loadstarweb site
FEBRUARY 9, 2018
  • Reluctant parent Apollo planning IPO for CEVA - which has M&A ambitions
  • Disappointing Q4 sees Maersk Line miss profit target for 2017
  • XPO Logistics will complete its next acquisition by December, says CEO
  • Spot rates on box trades becalmed as Chinese new year holiday begins
  • Analysis: K+N should take a strategic look at air freight for its next acquisition
  • Perishables sector must get more creative when booking air freight capacity

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Marine Logweb site
FEBRUARY 9, 2018
  • Metal Shark launches new line of passenger vessels
  • IMO set to implement ban on carriage of high sulfur fuel
  • Maersk reports on a "year of transformation"
  • BAE Jacksonville awarded CG 58 repair contract
  • Yamal LNG awards Sabetta Port contract to GAC Russia

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Lloyd's Listweb site
FEBRUARY 9, 2018
  • MSC Napoli: The casualty that changed the course of container safety
    Around 20% of containers inspected after the MSC Napoli grounding were considerably heavier than declared - a discovery that eventually led...
  • First US-China LNG deals to drive long-haul shipping demand
    Cheniere signs deal for 1.2m tonnes every year with CNPC until 2043 amid Washington's policy shift on trading with China
  • Klaveness cuts 2017 loss on dry bulk and container strength
    Oslo-based company's future efforts are focused on digitalisation
  • IMO asks shipowners to back latest commitment to sulphur cap with action
    Latest repeated public declaration to stay on course for 2020 deadline means the IMO is too exposed to reverse course...
  • March 2020 ban for high-sulphur fuels on the horizon
    Bunker fuels above 0.5% sulphur content could be outlawed in two years
  • Maersk aims its firepower at extortion
    Bribery and corruption cost the shipping industry vast sums of money every day, and are so embedded that few give...
  • IMO and development bank launch green shipping push
    Two organisations sign partnership deal
  • Tanker trades face profound changes in post-2020 bunker scene
    Clean tankers to benefit from new IMO rules amid shake-up of cargo flows
  • New twist in battle for Giuseppe Bottiglieri Shipping
    Naples court has until the end of February to review proposals following a last-minute counter-bid
  • Daily Briefing
    DryShips' move to create a single-focus LPG company in direct competition with Dorian LPG, BW LPG and Avance Gas could...
  • Daily Briefing
    As it seeks industry-leader status, Maersk looks prepared to tackle one of the biggest but rarely-mentioned challenges of all -...
  • Maersk returns to profit after 'eventful year'
    Chief executive says Maersk has 'taken the first steps towards the integration of our container shipping, ports and logistics businesses...
  • HHI falls into the red in the final quarter of 2017
    The business backdrop is expected to be tough this year, warns Hyundai Heavy Industries
  • Weighing CMPort's sale and purchase activity
    China Merchants is planning further restructuring of its port assets
  • South Korean city of Ulsan asks to extend shipping skills scheme
    The request comes amid concern growing numbers of workers the shipbuilding industry are facing the threat of losing their jobs
  • Pricier raw materials keep Korea's Hanjin Heavy in the red in 2017
    Hanjin Heavy Industries & Construction posts operating loss of $100.7m for 2017
  • Maersk back in the black with $356m profit for 2017
    Chief executive Soren Skou said container demand had slowed to 3% at the end of 2017 compared with 5% growth...

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The Journal of Commerceweb site
FEBRUARY 9, 2018
  • NY-NJ considers extended gate hours, studies rail efficiency
  • US drayage drivers: Little resistance to rate hikes
  • US retailers see 'good year' for container imports in 2018
  • Maersk: Contract rates hike driven by bunker fuel price jump
  • APM Terminals lost $168 million in 2017, cites challenging markets
  • Maersk posts $541 million profit, but unit costs hit rates

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TradeWindsweb site
FEBRUARY 9, 2018
  • Klaveness Ship Holding inches to profit in second half of 2017
    Norway's Klaveness Ship Holding squeezed back into the black in the second half of 2017 but it remained in the red for the full year. Improvements in the container and dry bulk sectors led to a modest profit of $133,000 in the second half, reversing a $28.9m red number for the tail end of 2016. As a result Klaveness' full year loss for 2017 reduced to $8.3m from the $49.9m deficit it rang in for
  • Hyundai Heavy workers agree wage deal
    56% of union members back new pact with management.
  • Scenic back at Uljanik for cruiseship
    Australian owner doubles up at Croatian yard.
  • Cargoship hull breached in Antarctica
    Murmansk Shipping vessel hit underwater object.
  • Maersk lifts lid on Hamburg Sud's 2017 performance
    Hamburg Sud rang up an underlying profit of $85m in 2017, its new owner AP Moller-Maersk revealed today. AP Moller-Maersk results for 2017 'a coin with two sides' The German carrier had a fleet of 106 owned and chartered vessels when it was snapped up by the Danish giant at the end of last year in a deal first uncovered by TradeWinds. AP Moller's annual report - which does not offer a comparat
  • SolstadFarstad signs two new term deals
    Plus another OSV contract extended as North Sea activity increases.
  • Profits drop for coatings supplier Jotun
    Difficult shipping and offshore markets blamed.
  • EMGS reduces fourth quarter loss
    OSV owner boosted by lack of impairment booked in 2016.
  • Loss grows at Fred Olsen Energy
    Drilling company hurt by falling revenue in fourth quarter.
  • Maersk chairman Snabe confident of energy spin-offs
    Improving conditions in the offshore industry have raised confidence at AP Moller-Maersk that its two remaining energy arms can be spun-off on schedule. Maersk elects Jim Snabe to chairman role Plans to unwind Maersk Oil and Maersk Tankers from the group were established last year, leaving Maersk Supply Service and Maersk Drilling's future ownership to be resolved. Jim Hagemann Snabe, chairman
  • Unease over tighter Indonesian bulker rules
    Coal shipping body says cabotage restrictions "dangerous".
  • AP Moller-Maersk results for 2017 'a coin with two sides'
    Fourth quarter profit misses forecasts with 2018 guidance falling short of consensus.
  • NAO brings trio out of layup
    Hansson-backed company optimistic about North Sea PSV market.
  • Western India yard assets to be sold off
    Bankruptcy court sanctions auction at ABG-owned shiprepairer.
  • Ultra Deep Solutions eyes pipe lay newbuilding
    Singapore offshore vessel firm looks to move into new segment with "interesting project".
  • Singapore economy buoyed by expanding cruise sector
    Lion Republic reaps greater economic benefits as sector continues to develop in region.
  • Aussie coal exports set all-time value high in 2017
    Its days maybe numbered according to some, but Australia volumes set record pace.
  • Bottiglieri and Bain sweeten offer to creditors
    Cash-strapped shipowner dismisses lowball offer from Lighthouse as court is only looking at GBSC-Bain offer.

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American Shipperweb site
FEBRUARY 9, 2018
  • Radiant Logistics increases earnings in Q2 FY2018
    Bellevue, Wash.-based Radiant Logistics, Inc. recorded a net income attributable to common stockholders of $3.3 million for its fiscal year...
  • U.S. meat exports heat up in 2017
    U.S. beef, pork and lamb exports all increased in value in 2017 from a year prior, according to data provided by the U.S. Department of Agr...
  • GSP renewal legislation introduced in House
    House Ways and Means Trade Subcommittee Chairman Dave Reichert, R-Wash., on Thursday introduced bipartisan legislation to renew the General...
  • Maersk Group narrows losses during 'transformational' 2017
    Danish shipping conglomerate A.P. Møller-Maersk A/S - which includes ocean carrier Maersk Line, port terminal operator APM Terminals (APMT)...
  • Trump signs new budget deal, ending brief government shutdown
    U.S. President Donald Trump signed a new two-year budget deal this morning, ending a government shutdown that began at midnight. The two-y...
  • IMO moves to ban non-compliant fuel on board ships in 2020
    The International Maritime Organization's (IMO) Subcommittee on Pollution Prevention and Response, which met in London this week, has propo...
  • West Calcasieu Port to dredge barge basin
    West Calcasieu Port in Louisiana will move forward with dredging its west barge basin after the port authority's board approved a $1.3 mill...
  • Amazon rumored to be to launching parcel delivery unit
    Amazon is ready to test a business-to-business parcel delivery service to compete directly with UPS and Fedex in the coming weeks, accordin...
  • SCFI slips 1.3%
    The Shanghai Shipping Exchange's Shanghai Containerized Freight Index fell 1.3 percent since last Friday's reading of 883.59 to a reading o...

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The Bunker Bulletinweb site
FEBRUARY 9, 2018
  • Crude continues to tumble as US rigs confirm output surge
    The oil complex continued its February-long slide Friday, with NYMEX March WTI settling $1.95 lower at $59.20/b, after Baker Hughes rig count data confirmed analysts suspicions of US crude output resiliance.
  • Historic 100-million-barrel SPR selloff represents major policy shift
    The move by Congressional appropriators this week to sell off 100 million barrels of crude oil from the US Strategic Petroleum Reserve over the next decade may not have been shocking, but it may mark the most definitive shift in US oil policy since oil export limits were lifted in December 2015.
  • US Congress approves budget, selling off more than 100 million barrels of government oil
    Congress early Friday approved a two-year budget agreement which mandates the sale of 100 million barrels of crude oil from the Strategic Petroleum Reserve within a decade and authorizes sales of another $350 million worth of government-owned crude this fiscal year.
  • Emboldened by market recovery, OPEC readies the taps
    Having patiently waited a year for the oil market to turn, many OPEC members are now feeling confident enough in its recovery to begin.
  • Tumbling Mediterranean bunker prices fail to entice buyers
    Bunker prices in the Mediterranean have plunged over the week in tandem the ICE Brent futures, but buyers remain reticent.
  • ARA fuel oil stocks build 2.68% on slack bunker demand
    Inventories of fuel oil stored in the Amsterdam-Rotterdam-Antwerp region increased by 2.68% to 932,000 mt in the week ended Wednesday, the latest data from PJK Consulting showed.
  • ANALYSIS: IMO moves one step closer to resolving bunker sulfur cap enforcement problem
    If successful, the measure would come into force in March 2020, only a few months after the new sulfur cap is imposed.
  • IMO sub-committee recommends non-compliant bunker fuel carriage ban
    If successful, the measure would come into effect in March 2020.
  • Singapore LSMGO sales hit record high, sellers report 50-70% more inquiries
    "There's more demand for LSMGO these days, especially from owners from Europe, or those sailing into ECAs."
  • TRADER NOTE: International Chamber of Shipping appoints new secretary-general
    Platten took up the position of CEO of the UK Chamber of Shipping in January 2014.
  • Japan's ClassNK Consulting launches service to aid data collection plan
    This move will help ship owners to monitor shipping emissions.
  • FUTURES: Crude falls on supply concerns, profit-taking
    "US output is now above Saudi Arabia's at 10.25 million b/d, and this has spooked some investors," ANZ bank said.
  • Gunvor shows keen appetite for BFOE crude
    Since Monday, Gunvor has bought six cargoes of Forties crude as well as one cargo of Brent Blend through the Platts MOC process.

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