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22 November 2017 The on-line newspaper devoted to the world of transports 08:37 GMT+1




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Sched Netweb site
NOVEMBER 7, 2017
  • 24-hour strike to halt pilot vessel at Ports of Jackson, Botany Nov 8
  • Iranian box ship veers off to starboard and rams HK's Magazine Island
  • China's pollution rules appear to slow manufacturing in October
  • Incheon volume up 15.8 per cent to 781,000 TEU in biggest quarter ever
  • Hyundai Merchant Marine mulls orders for 20,000-TEU ships to keep up
  • Houston port third quarter volume surges 11pc to 1.8 million TEU
  • UK-flagged Ever Smart loses 42 boxes overboard - cause unknown
  • XPO quarterly profit soars 316pc to US$57.5 million as revenue rises 4.7pc
  • MISC wins Tanker Operator of the Year in Lloyd's List Asia Pacific Awards
  • Double stacking CSX Baltimore tunnel plan comes unstuck when CSX pulls out
  • China's Haier signs Yusen Logistics to distribute entire product range in UK
  • Opening the Med: Marseille Fos agrees new Distriport logistics project
  • CP engineers and conductors vote to reject one-year contract renewal
  • Qatar Air buys Kingboard Chemical's 9.61pc of Cathay in surprise move
  • United said to be near a deal to buy 40 used Airbus jets to cut costs
  • Liege Airport to spend US$23.3 million on warehouses, cargo handling gear
  • Spirit Air surges most in four years after curbing growth plans
  • Ex-Etihad Cargo vice president David Kerr appointed CEO of CargoLogicAir

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Exim Indiaweb site
NOVEMBER 6, 2017
  • APM Terminals Vado aims to be new gateway to central Europe's 70 m consumer market
  • Bright future seen for dry bulk charter market
  • CMA CGM Group offers customised intermodal solutions from Ludhiana
  • Maritime Security Transit Corridor established through Gulf of Aden
  • MOL enhances operation data collection & monitoring functions for development of 'Next-generation Ship Management Support System'
  • Shreyas Shipping's recently acquired 4,253-TEU vessel makes maiden call at Mundra Adani Terminal
  • Indian Chamber President expresses concern regarding trailer strike at Cochin Port terminal
  • JNPT welcomes high-level Latvian delegation led by the Prime Minister
  • New oil berths to be developed at Visakhapatnam Port
  • Paradip Port berths longest vessel
  • Govt committed to providing world class transport & logistics infrastructure within two years: Nitin Gadkari
  • Railways attracting more freight
  • Velogic India wins two awards at 'Rogers Leaders Award - 2017'
  • GSTN facilitates better claiming of refunds by exporters

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International Transport Journalweb site
NOVEMBER 7, 2017
  • Managing 355,000 railcars
  • Freight network opens second hub in Germany
  • Fast last-mile logistics for new Xbox
  • High climate ranking for K Line
  • Next investment for Qatar Airways
  • Kazakhstan augmenting double-track line
  • Thuringia's logisticians eying up the west
  • Edgerly joins Oakland port's board of commissioners
  • Sugar sweet for Haropa
  • Sean S. Fitzgerald new CEO of MCI
  • Bangladesh enlarges railway to Indian border
  • Cosco partners with MOL LNG subsidiary for Yamal
  • Cartonplast acquires Demes France
  • Wataniya starting new route today

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IHS Maritimeweb site
NOVEMBER 6, 2017
  • Ross belatedly under fire for keeping his Navigator stake
  • Financial impact of July cyber attack looms over Maersk's Q3 result
  • Crude tanker inflow already 'deeply affects' fundamental market balance
  • RCL books two feeder ships at Jiangsu New Yangzi
  • COSCO Shipping Port to build container freight station at Khalifa port
  • DBS Bank raises provisions for offshore sector
  • Seoul forms committee to probe shipbuilding accidents
  • Supramax players eye sand cargoes for Penta-Ocean
  • Wilmar scraps young but damaged bulk carrier
  • UK ports compete for rising car business

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The Loadstarweb site
NOVEMBER 6, 2017
  • Xpediator buys Regional Express - its second takeover after fundraising IPO
  • Early adoption of London ultra-low emission zone just money-grabbing, say hauliers
  • Tough times ahead for North American port terminals as investors review their options
  • Impact of cyber attack and weaker rates on Maersk earnings unveiled tomorrow
  • ABC gets more slots at Schiphol after threat to close Russian airspace to KLM
  • The best intentions, but TUPE can prove unsuitable for smaller logistics operators
  • Ecommerce and Amazon are changing the perishables logistics market

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Marine Logweb site
NOVEMBER 6, 2017
  • BAE Jacksonville gets $22.4 million for LCS work
  • Gondan launches first of four eco fast ferries for Baleària
  • Wilbur Ross under fire in Paradise Papers "revelations"
  • Wärtsilä North America donates engine to Montana State
  • Dry bulk shipping charter rates to rise in 2018
  • Damen to build two "hybrid-ready" ferries for Great Lakes
  • Ingalls Shipbuilding christens Delbert D. Black (DDG 119)
  • Smith Maritime joins Puerto Rico relief efforts

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Lloyd's Listweb site
NOVEMBER 6, 2017
  • Paradise Papers: Wilbur Ross hits back after press coverage 'reveals' what the industry already knew
  • Glencore shrugs off Paradise Papers spotlight on SwissMarine stake
    Partner Victor Restis tells Lloyd's List of frustration at 'sensationalist' resuscitation of quashed allegations
  • Herbjorn Hansson sneaks in shareholder proposal to keep paying dividends
    Reclassification of $215m in share premium to give NAT greater flexibility to declare future dividends
  • Daily Briefing
    Bertram Rickmers established second holding company in 2015
  • Commission approves Belgian tonnage tax changes
    Flags of EU's 28 members and three more to benefit from amended rules
  • Brokers divided on bulker newbuild price recovery
    Chinese yards take orders on hopes the steel price will fall
  • Food for thought: Shipping's One Percent Challenge
    George de Paula Ribeiro explains his new initiative to encourage the cold supply chain to do more in the fight...
  • Asian players help liquidity in the dry bulk FFA market
    Activity has risen since Singapore Exchange's buy-out of the Baltic Exchange last November
  • Wilbur Ross is innocent, OK?
    #ParadisePapers charges don't hold water
  • Between the Lines: Fourth-quarter capacity overhang
    Expected blankings to reduce capacity after the peak season have yet to materialise
  • My Rubik's Cube challenge
    Piecing together the Lloyd's List Top 100
  • South America to Europe trade on the mend
    Northbound east coast export container volumes finally showing signs of improving thanks to Brazilian fruit exports
  • Singapore's MPA revokes bunker licence of Transocean Oil
    Transocean was penalised for falsifying records in stock movement logbooks while in August, MPA had not renewed the licences of...
  • Liverpool2 sinkhole repaired ahead of expansion
    Peel Ports claims operations continued smoothly despite sinkhole's presence
  • Data Hub: World Fleet Update
    World fleet treads water as deliveries put on hold
  • Iran-flagged vessel runs aground off Hong Kong
    Boxship collides with uninhabited islet about 400 metres off Ap Lei Chau
  • Losses widen for Shipping Corporation of India
    Company weighed by losses in the bulk carrier, tanker and offshore segments
  • Indian authorities extend funding support for coastal berth projects
    Projects will help to promote India's coastal shipping and increase domestic cargo movements
  • Mitsubishi Heavy Industries appoints senior officials to standalone shipbuilding unit
    The company is set to establish a separate shipbuilding company, tentatively named MHI Shipbuilding, on January 1 next year
  • Gothenburg port box volumes hit record low on industrial action concerns
    Port authority says many firms are choosing more costly but less efficient transport solutions to ensure smooth cargo flows
  • Seoul prosecutors demand three-year sentence for former Hanjin chairwoman over alleged insider trading
    Ms Choi was indicted in December last year for disposing of Hanjin Shipping's shares shortly before the ailing firm announced a debt...
  • SM Line announces merger with parent's construction unit
    The merger is expected to take place by December 31
  • COSCO Shipping Ports to develop container freight station at Khalifa port
    Move comes as the company breaks ground for the CSP Abu Dhabi Terminal at Khalifa Port
  • NAT continues to focus on Asian markets amid low oil prices
    Company dividend policy unchanged, despite softer tanker markets
  • Eisbeinessen forges global links for Hamburg
    Personal contacts underpin city's success as top maritime hub, but sale of Hamburg Süd hurts

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The Journal of Commerceweb site
NOVEMBER 6, 2017
  • Even largest shippers struggle with real-time visibility
  • FTZ to enhance DP World's Somaliland port development
  • Cyber-attack impact hangs over Maersk's Q3 earnings
  • Trucker strike cripples DP World Cochin supply chains
  • Carriers' pursuit of co-loaders adds to rate volatility
  • India to phase in customs reform through January
  • India steps up funding for coastal shipping infrastructure
  • No sign of canceled Q4 sailings from oversupplied carriers

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TradeWindsweb site
NOVEMBER 6, 2017
  • Bimco sees little uplift for tanker rates
    Ship oversupply stymies any gains from increased oil demand during strongest seasonal period.
  • NAT seeks share markdown for dividend
    Moving $215.4m in share value to surplus account, releasing earnings early perplex some analysts.
  • Viking Supply board okays new equity plan
    Olso-listed offshore vessel owner to get new injection of equity capital from founder to fix covenant breach.
  • Navios Holdings to tap debt market for $300m
    Parent of Navios subsidiaries looks to refinance debt in new private placement; logistics unit gets term loan.
  • New Vision tipped for profitable bulker sale to Akij
    New Vision Shipping of Greece is said to have sold one of its three vessels. London brokerage sources say the company has sold the 53,000-dwt bulker New Era (built 2003) to the Akij Group of Bangladesh for $9.7m. The price for the Iwagi Zosen-built ship is slightly higher than expected, although brokers described it as a "steady" level. It is higher than the $8.5m that New Vision paid for the
  • Seaspan opens the door to $100m stock sales
    Boxship owner hires investment banks to conduct offerings from time to time.
  • Shipping impairments fall at Danske Bank
    Corporate loan losses drop to $21.5m as offshore stabilises.
  • Gondan scoops Balearia fast-ferry order
    Spanish yard reveals deal to build eco-ships for domestic owner.
  • Two dead as two ships sunk by typhoon
    Storm in Vietnam grounds or damages another six vessels; 11 seafarers missing.
  • EU extends Belgian shipping support
    Commission says country's EEA tonnage tax regime will last until at least 2022.
  • Monjasa takes SKS tanker for storage
    Danish owner sending 119,000-dwt Kristian Gerhard Jebsen-owned ship to West Africa in 'pioneering' bunkering move.
  • Fearnley Securities: Dry recovery set to enter second leg
    Analysts forecast further rise in asset values and dry cargo equities in coming year.
  • SwissMarine defends Restis 'error'
    Paradise Papers: owner admits mistake in declaring no directors were under investigation.
  • Saudi coalition shuts down Yemen's ports
    Airports also closed following Houthi attack on Saudi territory.
  • Ross looks to shrug off links to sanctioned Russians
    Commerce secretary in the spotlights given Navigator Holdings' business with Sibur.
  • Swissco gains more time for restructuring
    Singapore owner's court management will run until September after buyer lined up.
  • Frangou sees further growth for Navios Containers
    Chief executive says targets are in its sights after profitable third quarter.
  • Spetalen's SD sells out $24.5m offering
    Norwegian owner issues new shares to fund PSV buys from ER Offshore.
  • New loans edge up at KfW IPEX-Bank
    German lender's commitments in the third quarter hit $10.2bn.
  • Iranian boxship grounds on Hong Kong island
    Touska ploughed straight into rocky shore en route to China.
  • RCL orders containership double
    Thai owner picks Jiangsu New Yangzijiang for pair of new vessels.
  • DBS hikes provisions on offshore exposure
    Singapore bank says decision "removes uncertainty over residual weak oil and gas services exposures"
  • South China Sea dominates LNG trade
    Malaysia and Qatar most vulnerable to supply disruption in strategic Asia-Pacific waterway.
  • Craig sells North Star Shipping to PE firm
    Scottish firm ends lengthy links in the maritime industry with sale of North Sea rescue arm.

news on subscription
American Shipperweb site
NOVEMBER 6, 2017
  • Commerce chief: 'Nothing improper' about Navigator interest
    U.S. Commerce Secretary Wilbur Ross found himself on the hot seat this weekend when papers leaked to a German newspaper by a Bermuda law fi...
  • EU firms fear Brexit standstill will wreak havoc on U.K. supply chains
    Over 60 percent of European Union (EU) businesses expect to move some of their supply chain out of the United Kingdom as a result of Brexit...
  • Alphaliner: COSCO to surpass CMA CGM after acquiring OOCL fleet, 29 newbuilds
    Chinese government-owned ocean carrier COSCO Shipping could hit a total fleet capacity of 3 million TEUs by the end of 2018, which would va...
  • U.S. trade deficit inches up in September
    The U.S. trade deficit ticked up another 1.7 percent between August and September to $43.5 billion as rising exports were offset by an even...
  • Qatar Airways purchases minority stake in Cathay Pacific
    Qatar Airways will purchase 378 million shares of Cathay Pacific Airways, or 9.6 percent of the total issued share capital, on Monday, the ...
  • AAR: U.S. rail traffic rises 3.1% in October on record intermodal volumes
    October 2017 was the best month for intermodal rail traffic in history, according to newly compiled data from the Association of American R...
  • Euronav sinks into the red amid 'challenging' freight market
    Independent tanker company Euronav NV posted a net loss of $28.1 million for the third quarter of 2017 amid headwinds from a "challenging f...
  • Blackstone buys logistics portfolio from Principal Financial
    Iowa-based financial investment management firm Principal Financial Group, which in September bought out its co-owner of 16 million square ...
  • U.S. transportation employment rises in October
    United States transportation and logistics companies added another 8,400 jobs for the month in October 2017, according to the latest prelim...

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The Bunker Bulletinweb site
NOVEMBER 6, 2017
  • Implied volatility rises in NYMEX crude on Saudi news
    Implied volatility in NYMEX crude options rose Monday as oil futures jumped in response to a series of headlines out of Saudi Arabia over the weekend that injected geopolitical risk into the market.
  • Bunker supplier Monjasa charters tanker for WAF floating storage
    Danish bunker supplier Monjasa has chartered a ship owned by SKS Tankers to use as floating marine fuel storage off West Africa, the company said Monday.
  • Maxcom Bunker plans 'severe review' after CEO arrested over fuel smuggling investigation
    "The company is undergoing a severe review of its policies."
  • Singapore's MPA revokes Transocean Oil's bunkering license
    "MPA's investigations revealed that there were several falsifications of records."
  • Risk to oil grows as Saudi crown prince purges old guard
    Saudi Arabia's unprecedented government purge over the weekend, with 11 high-ranking princes detained in an anti-corruption crackdown, pushed crude price to new two-year highs in European trading early Monday.
  • Fuel oil storage costs fall in Singapore on overcapacity, tight margins
    Leasing fees for onshore storage tanks to store fuel oil in Singapore are being renewed at much lower rates, because of ample availability of floating storage capacity and narrowing margins between cargo and ex-wharf prices, industry sources said over the week.
  • External: Wired Bunkering
  • FUTURES: ICE Brent holds above $62/b as supply risks ensue
  • Oct traded volume of oil product swaps during Singapore MOC falls 10.1% on month
    Traded gasoil swaps fell 20.8% month on month to 38.05 million barrels.
  • Rolls Royce adds new module to help comply with EU monitoring rule
    The new energy management system will help ship onwers reduce fuel costs and comply with the EU MRV rule.




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