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




free news
Sched Netweb site
OCTOBER 26, 2017
  • US antitrust regulators raise no objections to proposed Cosco-OOIL merger
  • MOL to levy US$200/TEU hike on cargo for Madagascar and Mozambique
  • Alphaliner points to signs of renewed optimism in container shipping sector
  • Navios Maritime spends US$20m on two 4,250-TEU containerships
  • Average ship age of Iran's main shipping line to drop with delivery of new freighters
  • China defends trade with N Korea to avoid hurting 'humanitarian needs'
  • Concerns expressed in Australia over joining 'Belt and Road' initiative
  • ICTSI to invest US$100m in Basra Gateway Terminal expansion in Iraq
  • Captain and five crew kidnapped from Dohle boxship off Nigereia
  • TIACA's new online tool aims to boost visibility and standardisation in air cargo
  • Cargolux passes IATA audit to renew operational safety certificate
  • Trinity and Etihad jointly launch B777F to Hanoi from Ohio

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Exim Indiaweb site
OCTOBER 25, 2017
  • CMA CGM Group enhances its CIMEX 2E/IEX service with addition of Visakhapatnam call
  • Container shipping poised for impressive profit this year
  • Deep concern expressed on Canadian legislation seen interfering with international maritime trade
  • Panama Canal achieves record annual cargo tonnage in FY2017
  • Container throughput in Rotterdam port maintains strong growth rate
  • Port of Antwerp consolidates its growth in first nine months
  • EPCH hails GST notification to ease procedure for merchant exporters

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International Transport Journalweb site
OCTOBER 26, 2017
  • Second tube to be added to Gotthard road tunnel
  • Russia completes railway electrification schemes
  • Final mile solution for medical device sector
  • V. Ships' first operation in Shanghai
  • UPS driver sets record: 55 years without accident
  • Boeing flies to success in Asia
  • Trial train runs to Wolverhampton
  • "Nose loading B747 freighters" still playing their role
  • Duisport creates startport for start-ups
  • Mosolf scoops up 100% stake in SAT
  • Hooke from MIC to MQA
  • Panattoni leasing property to Rhenus
  • Basra gateway further developed by ICTSI
  • ACL Airshop to support Silk Way West's ULD tracing
  • Crane combines aerospace and life sciences leadership
  • Hazmat by rail from Europe to Asia
  • Unctad Maritime Review 2017 reveals imbalance on the seas

free news
IHS Maritimeweb site
OCTOBER 25, 2017
  • IMO pushes back on allegations of corporate bias
  • Yara to continue shipping NPK fertiliser by sea following Cheshire casualty
  • Calls made for regulation of floating armouries
  • Creating value key to automation, says Wärtsilä
  • OSV owner-operator Go Marine Group enters administration
  • PCTC fleet expects modest growth and modernisation
  • SSY gets new head of tankers
  • South Korean agricultural co-operative loses USD96 million following Hanjin demise
  • DSME improving, Sungdong struggling, says Korea Eximbank chairman

free news
The Loadstarweb site
OCTOBER 25, 2017
  • Charter market still very bad news for the NOOs as their losses mount
  • Lufthansa Cargo flying as profit turnaround continues and yields improve
  • FM grows its Asian footprint as it breaks into logistics hotspot Vietnam
  • Global expansion delivers the goods for ID Logistics in Q3
  • American Trucking Association analyses the growing driver shortage
  • Where should Amazon locate its new HQ? The experts weigh in
  • Nancy Matthews is Crane Worldwide's new VP aerospace and life sciences

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Marine Logweb site
OCTOBER 25, 2017
  • Largest dry dock in Mediterranean is back in operation
  • Stena Line plugs in to shoreside power at another Swedish port
  • Goodbye Chris Christie, hello NJ offshore wind
  • IMO: We're run by countries, not corporations
  • Algoma Tankers hit by maritime union strike
  • Seatruck takes Do-It-Yourself approach to BWTS installation
  • Tekomar takeover adds to ABB's digital portfolio
  • Navieras Armas wavepiercer will have Wärtsilä waterjets

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Lloyd's Listweb site
OCTOBER 25, 2017
  • Daily Briefing
    Korean bank struggles to get money back from shipping and yards
  • Gard reports half year result up 55% on benign claims
    Marine mutual announces no general increase in the advance call
  • Bait and switch
    Scorpio Bulkers must decide where it stands on the capital cycle and send a clear message to shareholders
  • Industry fights back amid environmental lobbying accusations
    Hapag Lloyd, Carnival, Vale and WSC reject criticism as IMO explains itself
  • Party congress takeaway: Bigger and stronger China state shipping conglomerates
    Overseas expansion will pick up pace as policy makers put emphasis on state-owned capital
  • Hijack ship costs subject to general average, Supreme Court rules
    Landmark case could open way for retrospective claims from owners
  • Atlantic MR earnings near 2017 lows but optimism for November remains
    Fronthaul tanker demand could be 30% higher next month than summer level, says Makai Marine Advisors
  • Boxship owners face massive impairments
    Falling value of vessels and charters has knock-on effect on shares of listed non-operating owners
  • Seaco firmly on the acquisition path
    Singapore-based box lessor undeterred by latest rebuffs, says chief executive Jeremy Matthew
  • Panamax index softens despite pickup in Pacific trades
    Market to remain strong unless there is a severe shortage in cargo availability, says broker
  • Golar LNG Partners aims to raise $138m from units offering
    Underwriters of the deal given 30-day option to purchase up to 720,000 more units
  • Last Word: A new hope for abandoned shipyards
    Tongyeong city plans to turn a shut shipyard into a tourist attraction
  • DP World sees third-quarter gross box throughput rise 13%
    Group cites substantial improvement to global trade outlook for its better figures
  • Bills to repeal or limit Jones Act for Puerto Rico look unlikely to gain traction in Congress
    Forces that kept US coastal regulations in place for over 225 years are still intact, say lawyers
  • Wärtsilä posts 9% rise in third-quarter net sales
    Continued weakness in the offshore segment and smaller volumes from service projects led to lower than expected sales growth in...
  • Korea's co-op federations reveal losses from Hanjin Shipping bond purchases
    Co-operative federations across South Korea recorded roughly $107.6m in losses from buying Hanjin Shipping corporate bonds
  • Scorpio Bulkers makes puzzling share offer, then cancels it
    Update: New York-listed bulker owner cancels offer of 10m shares due to unsatisfactory pricing
  • Costamare beats third-quarter profit estimates
    Boxship owner unveils 15 new charters at 'substantially higher rates'

news on subscription
The Journal of Commerceweb site
OCTOBER 25, 2017
  • DCLI snags TRAC's domestic chassis fleet
  • Continued innovation needed to defeat LA-LB congestion
  • NY-NJ chassis yard provides some interoperability
  • Storms snip US truck tonnage, but freight demand rises
  • Quality control specialist highlights speed-to-market dangers
  • Santos customs follows up week of slowdowns with strike
  • Multiple ship schedule changes undermine visibility
  • India to spend billions on road infrastructure
  • Halterm to expand Halifax terminal capacity with RTGs

news on subscription
TradeWindsweb site
OCTOBER 25, 2017
  • Milaha profit chopped in difficult market
    Earnings fall across company as it looks to control costs while remaining optimistic.
  • Evercore sees continued losses for crude tankers in 2018
    Market balance has not shifted far enough in the favour of shipowners, Chappell says.
  • International Seaways linked to $53m Gener8 Maritime VLCC
    Deal would mark the New York-listed owner's first VL purchase under its new colours.
  • Navigare shakes off chatter of debut boxship deal
    Addition of containership would have added to dry cargo and tanker buys.
  • Scorpio Bulkers rethinks equity issue
    Chief executive Emanuele Lauro explains decision to drop share sale plan.
  • Med's biggest drydock ready to go
    Forme 10 in Marseille targeting repairs of large cruiseships with new facility.
  • Gulf Navigation results stable in third quarter
    Tanker owner's bottom line comes down but operating numbers measure up well.
  • Time running out for bargain OSV buys
    Clarksons Platou says asset prices set to rise as confidence returns to beleaguered sector.
  • Courage wants piece of blockchain action
    Bulker owner mulls buying into technology company Dragon Net.
  • Stena drillship crewman dies in fall
    Seafarer was pulled from the water in Canary Islands, but could not be saved.
  • Demolition lags deliveries amid 'mixed outlook' for products
    Just 16 ships taken out in opening three quarters of the year, Banchero Costa says.
  • Vitol declares two VLGC options at HHI
    Trading and shipping giant brings series to four firm gas carriers at Korean yard.
  • Public boxship owners share $2.7bn write-off since 2010
    Impairments and losses on steel seen alongside drop in share price, report says.
  • Loss grows at Fred Olsen Energy
    Third quarter weaker as four of seven drilling units "smart-stacked."
  • Costamare scraps pair of 1988-built boxships
    Greek owner records small accounting gain on the veteran vessels.
  • Wartsila edges up earnings
    Cruiseship sector a bright spot for Finnish marine technology group.
  • ABG faces probe into non-payment of loan
    Court orders police investigation after complaint filed by Standard Chartered.
  • Golar Partners prices offering to raise $139m
    Partnership selling units at $25 each to build war chest or pay off debt.
  • 'Huge provisions' facing German lenders
    ECB crackdown on allowances for arrears could even push banks to fail, one director says.
  • Go Marine heads into administration
    But Australian owner says new investor could recapitalise company.
  • Heerema Marine to sack 250 staff
    Job losses part of restructuring effort at company hit by continued downturn in offshore industry.
  • Egypt launches 12-cargo LNG tender
    However, traders say move is bearish for global gas markets as they had been expecting more.
  • Scorpio Bulkers in surprise equity offering
    Deutsche Bank analyst describes offering as a bit of a head scratcher, given its balance sheet.

news on subscription
American Shipperweb site
OCTOBER 25, 2017
  • NEWS FLASH: DCLI acquires TRAC domestic chassis fleet
    Direct ChassisLink, Inc. (DCLI) has agreed to acquire the fleet of rival TRAC Intermodal's 72,000 domestic chassis, a major consolidation w...
  • PLAs helping ports, governments ensure construction projects run smoothly
    When the Los Angeles Board of Harbor Commissioners renewed a port-wide project labor agreement last month, it not only set the stage for wh...
  • Senators vow to move CBP commissioner nomination forward
    At the end of a nearly hour-and-a-half-long confirmation hearing before the U.S. Senate Finance Committee on Tuesday, Chairman Orrin Hatch,...
  • NAM president urges Ex-Im Bank chairman nominee to withdraw
    Jay Timmons, president and CEO of the National Association of Manufacturers (NAM), has made it no secret that he disapproves of former Cong...
  • Commerce, DHS partner to facilitate e-commerce, boost enforcement
    The U.S. departments of Commerce and Homeland Security have entered a memorandum of agreement (MOA) to work together to facilitate internat...
  • U.S. steps up GSP compliance oversight
    The U.S. government has launched a new initiative to ensure that developing countries benefiting from product-specific duty-free access to ...
  • U.S. blocks Peruvian timber company's shipments
    The Office of the U.S. Trade Representative has ordered Customs and Border Protection to block future timber imports from Peruvian exporter...
  • Amazon launches free, two-day Business Prime Shipping
    Amazon Business has launched a Prime membership service for businesses to provide the same free, two-day shipping service used by home-base...
  • DP World sees Q3 global container volumes jump 13.3%
    Dubai-based port terminal operator DP World Limited handled 52.3 million TEUs across its global portfolio of container terminals in the fir...

news on subscription
The Bunker Bulletinweb site
OCTOBER 25, 2017
  • ICE Brent/WTI spread above $6/b after EIA data shows crude
    NYMEX December crude settled 29 cents lower at $52.18/b. ICE December Brent rose 11 cents to $58.44/b.
  • US DATA: EIA says residual fuel oil stocks hit five-year low on USGC exports
    US residual fuel oil stocks for the week ended Friday reached a five-year low on a significant draw in the US Gulf Coast.
  • NWE fuel oil hi-lo Cal 20 swap interest surges to fresh 2017 high
    The calendar year 2020 fuel oil hi-lo swap -- measuring the premium of 1% FOB NWE cargoes over 3.5% FOB Rotterdam barges -- has surged to its highest level this year.
  • External: Praxis Energy Agents S.A
  • IMO rebuts 'corporate capture' criticism, says multiple viewpoints give balance
    InfluenceMap published a report this week accusing the IMO of "corporate capture".
  • External: Wired Bunkering
  • External: Global Risk Management
  • ANALYSIS: Saudi Aramco IPO scaremongering looks overdone
    Beyond Aramco's vast production of cheap crude there is political momentum behind the IPO.
  • TRADER NOTE: UK's LOC makes senior management changes
    Jerome Rutler to be new Group CEO.
  • FUTURES: Crude holds onto overnight gains on US gasoline stock draw




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