|OCTOBER 24, 2017|
- OOCL's two-month old mega-boxship runs aground in Suez Canal
- MOL to levy US$300/TEU hike on cargo for southern Africa Nov 1
- Demand on Asia-Med trade route outperforms adjacent N Europe corridor
- Hapag-Lloyd joins Avantida's container repositioning management platform
- Jebel Ali expands as Terminal 3 gets 1.5 million TEU increase in capacity
- Remote Prince Rupert copes with spate of congestion after freak events
- NRIC revises upwards Japan's box trade growth estimates to 3.7pc
- Panalpina's Q1-3 earnings rise 4pc to US$50m with revenue up 5pc
- Forwarders seek airfreight capacity for busy peak
- IAG Cargo expands Cargo Connector service to Washington Dulles Airport
- Second Super Hercules commercial freighter passes test with flying colours
|OCTOBER 23, 2017|
- APL strengthens intra-Asia footprint with new Korea China Straits service
- CMA CGM ranks 7th on trainees' favourite companies list
- CMA CGM to launch Mtwara Express service for Tanzanian cashew season
- Essar Projects congratulates GMB for inauguration of India's first RoRo ferry project
- Govt's vision is ports for prosperity: PM
- IRISL boosting fleet
- Joint industry publication sets out guidelines for carriage of charcoal in containers
- MSC & Zim joint Black Sea service will continue during 2017-18
- NYK sponsors "Family Day" in effort to reform employee work styles
- Qatar Airways Cargo wins two awards in Asia
- ...organises 'Marketing & Business Development for Port & Terminals' training programme
- ASIC greets new Chairman of KoPT
- Jawaharlal Nehru Port Trust conducts workshop on 'Ease of Doing Business'
- V. O. Chidambaranar Port the first Indian Major Port to implement Integrated Management System
|OCTOBER 24, 2017|
- 60 new vehicles for international operations
- Jöbstl and Mars collaborating in Adana
- Portal to match warehouse space to retailers needs
- Belarusian and Estonian railways to exchange data
- Another Middle Eastern freighter to Rickenbacker airport
- New tenant for the port of Longview
- Data glasses for Geodis employees
- Now compulsory to book a slot in Hamburg
- First A350 operator in the Indian Ocean
- Port of Brunswick further expanding capacities
- Royal Vopak names CFO for 2018
- New U.N. Ro-Ro head of intermodal transport
- Report on a serious September incident
- Beverage logistics study on German and international firms
- Cosco shareholders approve takeover
- Contract to ship Scandinavian woodchips by rail
|OCTOBER 23, 2017|
- Antwerp box traffic shows 3.2% growth after nine months
- Italian bunker company CEO arrested in Libyan smuggling investigation
- New marine facility looks to support catastrophe hit market
- North Europe port adjusts to dominant mega-ship capacity
- 'K' Line reportedly sells VLCC to Dynacom Tankers
- Master of MSC box ship goes missing
- Singapore a middle-ground option for maritime arbitration in Asia
- China's shipbuilding sector shows signs of recovery
- Hyundai HI confirms five more VLOC orders from Polaris
- Rhodium Resources ventures into shipowning with Supramax buys
- MODEC wins 13th Petrobras FPSO contract
- Salvors finally restart Harvest Sky
|OCTOBER 23, 2017|
- Shipping lobby groups slammed for 'blocking global progress' on emissions reduction
- Dutch infrastructure secretary backs battle for more freighter slots at Schiphol
- Remaining South Korean lines making waves to restore faith after Hanjin crash
- Launch of TIACA tool to help air cargo raise standards and performance
- No slowdown in ship scrapping on South Asia beaches
- RoadOne appoints Steve Chandler as vice president sales
- How container shipping could reinvent itself for the digital age
|OCTOBER 23, 2017|
- Handysize earnings hit $10,000 per day
Average time charter earnings on the Baltic Exchange are at the highest since January 2014
- Daily Briefing
Shipping is still divided as climate battle reconvenes
- Polys Hajioannou and the art of running a shipping company
Running a successful shipping company is about sharing your expertise with public shareholders
- Managers must relieve owners of digitalisation stress
Columbia Marlow chief executive says shipmanagers must do the heavy lifting
- Scorpio Bulkers offers dividend as net loss continues to shrink
Company chairman Emanuele Lauro believes current market rates are sustainable and sees improvements through 2018.
- The counter view on alternative finance
A recent article on alternative finance flushed out a range of opinions
- Busan's big plans could falter under Chinese pressure
Devolved power to South Korea's second biggest city could provide a sharp stimulus to its value-added marine sector, but bigger...
- Rickmers Group creditors look to payout of just 3%
But company set to re-emerge under ultimate control of Kurt Zech
- Hyundai Heavy Industries secures additional five-VLOC order from Polaris
Polaris exercised options for extra ships following an order of 10 vessels in September
- Over half of vessels scrapped in the third quarter ended up at South Asian yards
NGO Shipbreaking Platform slams European owners for scrapping at 'unsafe' yards on the Indian subcontinent
- New financial division to tie Braemar's businesses together
Company aims to become a one-stop shop offering a full range of services to clients
- Noble Group warns of up to $1.25bn loss for third quarter
Sale of oil liquids business to Vitol expected to generate net proceeds of $582m, helping to pare debts while group...
- Nakilat profit for first nine months down 19%
Qatari shipper blames writedowns on scrap value of vessels, but does not mention impact from neighbours' economic blockade
- UAE to partner ITF in resolving seafarer abandonment
Federal Transport Authority to ensure UAE ratifies Maritime Labour Convention 2006
- Scorpio Bulkers inks $20m sale and leaseback deal
Company will employ the vessel on a 9.5-year bareboat charter
- North Korean shipping firm's country head leaves Vietnam amid international sanctions
Ocean Maritime Management's Vietnam head reportedly advised by the local government to leave the country
- Global Ship Lease to raise up to $360m from notes offering
Proceeds to help refinance existing notes due in 2019
- SM Line partners regional shipping firms in new offering
Move to team up with foreign shipping companies to launch a service is a first for SM Line
- IMO criticised for allowing companies to influence environmental policy
New report from InfluenceMap slams shipping giants for lack of transparency on environmental initiatives
|OCTOBER 23, 2017|
- LA-LB to deliver clean air plan in November
- Surging Asia volume lifts Jacksonville to 1 million TEU mark
- US driver shortage becomes top trucking concern
- Antwerp volume surges despite transshipment traffic dip
- Japanese logistics companies pile into Myanmar SEZ
- Rate volatility puts carriers' BCO business at risk
- Russia-Turkey sea rates fall amid trade spat
- India mulls changes to Chabahar port tender
- Mega-ships dominating North Europe port calls
|OCTOBER 23, 2017|
- 'Comeback kid' taking Forland ships
Norwegian shipowner Aage Remoy is taking over struggling Forland's subsea vessels.
- Kinder Morgan sees tanker earnings boost
Increase driven by newbuildings amid slump in charter rates for products tanker fleet.
- Gener8 Maritime VLCC deal could set new price marker
New York-listed owner set to sell another crude tanker at eye-catching level.
- Cochin Shipyard takes over Hooghly Dock
Indian yard forms joint venture with compatriot plant to upgrade facilities.
- McKinsey floats idea of 50,000-teu boxships
Consultancy gazes into crystal ball to imagine transformed sector in 50 years.
- Braemar eyes bank business backed by finance move
NAVES deal has given brokerage a unique platform to target work with financial institutions, Kidwell says.
- Anchor-handler rates hit rock-bottom
Brokers report Olympic AHTS removed from market as rigs go into layup.
- Scorpio Bulkers starts dividends after quarterly loss slashed
Pay-out shows faith in future market prospects, CEO Emanuele Lauro says.
- Kurdish crude exports still sharply down
Iraqi military action in Kirkuk depresses oil flow to port of Ceyhan.
- Harvest Sky refloated off Taiwan
Japanese ship freed after nearly a week following engine failure.
- Evergreen teams with CoscoCS and Yang Ming
New express service links northern Europe to the Mediterranean.
- BW Offshore extends FPSO deal
Owner fixes Nigerian unit to Addax for another four years.
- SwissMarine sells fifth capesize as values hold steady
Peter Weernink confirms latest sale in a deal that shows stable asset price levels.
- Moundreas mops up Gener8 Maritime suezmax tanker
Deal marks Greek owner NGM Energy's first tanker acquisition in well over a year.
- Navy quells bulker stowaway rebellion
Uruguay forces subdue four Nigerians on Technomar ship after distress call.
- Dynacom tipped for VLCC buy
Greek owner linked to purchase of 13-year-old K Line vessel
- Shanghai Dingheng lines up 26-tanker order
Chinese group firms deals for 16 ships, with 10 more under negotiation.
- Qatar crisis holds up UACC sale
Lack of dialogue with Saudi Arabia complicating tanker owner's disposal.
- Polaris adds five more VLOCs at HHI
Korean owner brings recent orders to 15 ships with $400m of declared options.
- Braemar hails 'resilient' revenue but profit shrinks
London broking group says financial performance is improving after tough end to last year.
- UAE and ITF to address abandonment cases
Middle East nation set to ratify the Maritime Labour Convention 2006 with union's help.
- Oldendorff and Uniper behind Seanergy fixtures
German shipowner and trader unmasked as counter parties in recent capesize period deals.
- Dockwise's Treasure encounters rough seas
Heavy lift ship carry John S McCain rerouted to the Philippines after running into Typhoon Lan.
- Nakilat sees nine month profits slide 19%
Shipowner blames changes to fleet scrap value policy and lower number of charter hire days.
|OCTOBER 23, 2017|
- TIACA launches Cargo Service Quality tool for visibility, standardization in air cargo
The International Air Cargo Association (TIACA) has developed a new online Cargo Service Quality (CSQ) tool to help improve visibility and ...
- Kuebix offers free TMS version
The transportation management system (TMS) provider Kuebix will offer a free version of its software to shippers covering basic blocking an...
- Port of Antwerp grows throughput in first nine months of 2017
The Port of Antwerp handled 167.1 million metric tons of cargo during the first nine months of 2017, up 3.3 percent from the corresponding ...
- INTTRA gains ocean carrier partnership for Middle East, Africa region
Ocean shipping e-commerce platform INTTRA and container shipping line Transmar Corp., a wholly-owned subsidiary of IACC Holdings, have part...
- XPO Logistics to hire 6,000 seasonal workers
Transportation and logistics solutions providerXPO Logistics announced on Friday that it expects to hire more than 6,000 seasonal workers f...
- Drewry: Transatlantic trade sees boost in box volumes
Container shipments from North Europe to North America - comprising the United States, Canada and Mexico - rose 4.7 percent year-over-year ...
- FMC authorizes ocean carriers to serve on NYSHEX board
A recent Federal Maritime Commission (FMC) agreement has authorized ocean carriers CMA CGM, Hapag-Lloyd, Mitsui O.S.K. (MOL) Lines and COSC...
- Traffic at USWC ports rises 6% in August
The five major container-handling seaports on theU.S. West Coast - Los Angeles, Long Beach, Oakland, Tacoma and Seattle - collectively move...
- NITL seeks more feedback re: CSX service problems
The National Industrial Transportation League on Oct. 20 began asking its members to complete an online survey that said would enable the N...
|OCTOBER 23, 2017|
- Kenyan export pipeline FID expected by end-2019: Africa Oil CEO
Plans for a final investment decision on Kenya's oil export pipeline are on track for late-2018 or early-2019, though some agreements might still need to be "worked out" after Total's recent buyout of Maersk Oil's assets in the country, Africa Oil CEO Keith Hill said Monday.
- No discussions with China for Saudi Aramco stake, says CEO
Saudi Aramco's CEO Amin Nasser has dismissed speculation that the state oil giant is in talks with Chinese sovereign wealth funds, or any others, as an alternative strategy to its long-mooted listing on international markets slated for 2018.
- ICE Brent/WTI spread falls on US rig count, Iraqi pledge
The ICE Brent/WTI spread narrowed Monday under pressure from the fall in US drilling activity combined with Iraq's intentions to raise exports from the country's southern terminals.
- ANALYSIS: Across-the-board US stock decline would be bullish
A likely draw last week of US stocks of crude, gasoline and distillates would represent the first across-the-board decline since the week ending July 28, sending a bullish message to traders that could nudge oil futures higher.
- TANKERS: Clean MR rates hit year-to-date low on slow Atlantic trade
Clean freight rates for Medium Range tankers positioned in Northwest Europe hit a new year-to-date low Friday with too little trans-Atlantic trade to keep the ever increasing number of tankers busy.
- RUSSIA DATA: September fuel oil exports fall 26.7% on year to 2.58 mil mt
Russian fuel oil exports fell 26.7% year on year to 2.5809 million mt in September, and were down 14.3% month on month, according to data released Monday by the Central Dispatching Unit, the statistical arm of the Russian energy ministry.
- ARA fuel oil stocks fall on week on Mediterranean demand: PJK
Fuel oil stocks in the Amsterdam-Rotterdam-Antwerp hub fell in the week ended Wednesday on a tight Mediterranean market.
- Rotterdam bunker fuel at 28-month high tracking crude, fuel oil
High sulfur bunker fuel in Rotterdam has reached its highest price in over two years, on pockets of tightness at the port and rising international crude oil and fuel oil prices.
- Rotterdam bunker sales rose 3.4% on year in third quarter
Fuel oil sales rose 4.5% to 2.12 million cu m, while marine gasoil and marine diesel oil sales together fell 2.2% to 369,969 cu m.
- Maxcom Bunker CEO arrested in Libyan fuel smuggling investigation
Porta stepped down as CEO last week and has been arrested, the company told S&P Global Platts Monday.
- External: Wired Bunkering
- Singapore-listed Noble Group agrees to sell oil liquids business to Vitol
The sale is expected to close by the end of 2017, Noble said.
- FUTURES: Crude higher as US oil rig count extends downtrend
- TRADER NOTE: Bunker trader OceanConnect Marine opens Hong Kong office
The trading team is helmed by Susannai Lai, formerly managing director of Bomin Bunker Oil Hong Kong.