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21 June 2018 The on-line newspaper devoted to the world of transports 23:42 GMT+2




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Sched Netweb site
JUNE 1, 2018
  • Hapag-Lloyd introduces US$1/TEU EBS, sets $55/TEU peak season surcharge
  • APL speeds up US last mile delivery by boosting Eagle Express X service
  • US first-quarter GDP revised downwards to 2.2pc annual rate
  • Demand for new homes in US boosts household good imports
  • Kuehne + Nagel uses WeChat to expand services to China-based exporters
  • DHL eCommerce expands Hong Kong distribution hub for S China exports
  • Former Tiaca chief Doug Brittin is new DTI director of operations
  • Cathay Pacific's Q1 cargo boosted by volume from Indian sub-continent
  • MAB Kargo strives to attain CEIV-Pharma accreditation
  • Finnair starts new Hanover route, raises frequency over summer

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Exim Indiaweb site
MAY 31, 2018
  • APL expedites US last mile delivery via enhanced Eagle Express X service
  • FFFAI participates in RAME 2018 Conference in Cameroon to promote FWC-2018
  • First ONE container arrives at Dadri
  • Revised regulatory changes to China Customs Advance Manifest (CCAM)
  • Alibaba plans investing billions to develop smart logistics network
  • Economy seen set on the path of recovery
  • GST special refund fortnight to process all types of claims
  • Relief for exporters as govt makes rules for meeting export obligation more flexible
  • Total exports from SEZs in April amounted to INR 20,548 cr.: EPCES
  • Pak PM bets on higher economic growth through CPEC & better access to the sea

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International Transport Journalweb site
JUNE 1, 2018
  • It's a people business...
  • Working in tandem for groupage services
  • Self-learning algorithms for road transport
  • New traction sent from USA to Saudi Arabia
  • Eurofos opens training centre doors
  • More options between Canada and Australia
  • Garbe building first logistics centre in Austria
  • Aashto's executive director bowing out
  • 24 locomotives for harsh Arctic environment
  • Record first cargo quarter for Air Charter Services
  • Launch of Belgian-British container service
  • Successful Q1 for Descartes
  • Emirates engineers change A380 landing gear themselves
  • Heavier trains with up to 25 t axle loads in NSW
  • P&O Ferrymasters opens first office in Turkey
  • New connection to Cuxport
  • The new choice: France, a partner for your trade...

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IHS Maritimeweb site
MAY 31, 2018
  • GasLog eyes 'phenomenal' Chinese LNG demand
  • Ship Finance in second container ship deal in two and a half months
  • Nordic American sells old Suezmaxes ahead of new arrivals
  • China will continue to drive global LNG imports, Höegh LNG says
  • Sustained pace of scrapping of VLCCs could shrink fleet this year
  • IM Skaugen seeks Singapore court protection for restructuring
  • Hydrogen, methanol in carbon-free fuel mix
  • Flex LNG acquires LNG carrier newbuilding pair
  • Yangzijiang a value company, shipbuilding business stable

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The Loadstarweb site
MAY 31, 2018
  • Cargo chaos in Brazil as truckers' strike hits fuel deliveries and closes factories
  • Maersk leads call for action to combat the threat of more containership fires
  • The sorry tale of Atlas Air and its pilots - a change of focus is needed
  • Alibaba and Cainiao investment in ZTO Express - more than meets the eye
  • Auto import tariffs would kill 157,000 US jobs
  • CP reaches tentative deal with Teamsters, ending rail strike
  • Lars Winkelbauer from DHL to Polar Air; Robert Hyslop from Polar Air to DHL
  • The grocery store of the future will be online and your virtual personal shopper
  • GAC appoints Rudi van Niekerk to manage Nigeria business

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Marine Logweb site
MAY 31, 2018
  • VIDEO: LCS 11 completes acceptance trials
  • Marine industry mourns Jack Gallagher
  • I.M. Skaugen asks Singapore court for moratorium on creditor claims
  • USCG warns of ethylene vapor hazards
  • Former OW Bunker Singapore CEO gets prison sentence
  • MAD dredge to have Wärtsilä equipment package
  • Evac to acquire Cathelco
  • Methanol: The path to zero emissions, says study

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Lloyd's Listweb site
MAY 31, 2018
  • Golar venture backs away from Fortuna FLNG project
    Golar potentially looking for other backers as Schlumberger pulls out of OneLNG
  • Lloyds List owner Informa gets green light for UBM merger
    UK competition authority approval paves way for Lloyd's List parent company to strengthen publishing and events portfolios, as Seatrade Maritime's...
  • US slaps steel and aluminium tariffs on the EU, Canada and Mexico
    The US administration on May 1 delayed the decision after initially hitting countries including Japan and China with the tariffs
  • Alibaba to invest $16bn in smart logistics
    Cainiao, Alibaba's five-year-old logistics arm, aims to act as the 'brain' of the global logistics industry
  • TT Club boosts bottom line despite hurricane impact
    Attritional claims range-bound thanks to balanced book
  • AET secures $578m credit facility for capex spending
    BNP Paribas, DBS Bank and four others provided a credit facility that is expected to fund part of MISC's future...
  • Tide has turned between Chinese lessors and Greek shipowners, says lawyer
    Some leasing companies are travelling to Greece on a weekly basis and have even established teams dedicated to Greek owners
  • Yangzijiang shares rise 4.3% after stock buyback
    Company says it is ready to purchase more of its shares on weak prices
  • Maersk Honam containers released to customers
    Containership casualty will go for repair following further evaluation
  • Fairfax ups its ante on Seaspan to $1bn
    Seaspan will seek diversify over time into the broader infrastructure sector, according to chairman David Sokol
  • Ship Finance International takes four neo-panamaxes
    Update: New York-listed lessor eyes more boxship tonnage with first-quarter earnings plagued by weak tanker income
  • Frontline shares soar as first-quarter results beat expectations
    Update: Frontline Management chief executive Robert Macleod sees positive signs from crude inventory cycle, scrapping and potential relaxation of Opec cut
  • Strike at India's major ports deferred until June 20
    Shipping ministry to hold talks with the labour unions on June 18 to revise wage structures
  • Höegh LNG loses Ghana FSRU contract
    Update: Egyptian Natural Gas in talks with Höegh Partners for early termination of a five-year charter for Höegh Gallant
  • Forced to choose the Marshall Islands over Greece
    Poseidon Shipping's Spyros Eleftheros identified a shortage of crew from Greece as the main culprit of the Greek flag losing...
  • Greek seafaring at a crossroads
    A revitalised interest in a career at sea collides with increased financial obligations for Greek seafarers
  • Ports America shakes up management
    Michael Hassing leaves the company as new chairman and chief executive appointed

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The Journal of Commerceweb site
MAY 31, 2018
  • Eyeing 19,000-TEU ships, Virginia ports get $350 million for deepening
  • US regulators add some flexibility to trucker ELD work rules
  • Maersk: Indian container growth rate sharpest since 2016
  • XPO Logistics to buy 770 big rigs as LTL demand rises
  • Shanghai's spring fog leads to US import shipment delays
  • China shippers risk delays if they lack advance customs filing
  • US LTL truckers ODFL, Saia add terminals, capacity seeking density
  • Trucker, BCO collaboration turns around LB's TTI

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TradeWindsweb site
MAY 31, 2018
  • Mood improves as Greek shipping seeks new direction
    As Greek shipping goes from strength to strength, home country may have to do more to diversify and develop into a full-blown maritime cluster, writes Harry Papachristou
  • Size matters for Greeks looking to obtain financing
    Lending to shipowners in Greece has become a three-class society, says ship finance expert Angelos Roupas-Pantaleoneon
  • World Tankers ties up MR duo
  • Greek shipping should stop paying lip service to the past
    Despite its progress and successes, there is still something oddly backwards-looking in the way Greek shipping views itself and the way in which it sells its vision
  • Swiss tonnage tax 'still live issue'
    Ex-Geneva mayor pledges to press for new maritime tax regime to make landlocked country more attractive
  • Penfield taps Hong Kong for aframax pool partners
    Connecticut-based commercial manager also looks to Heidmar veteran Gronseth to help expand operations
  • Biggest ports in Greece come to life as giants pour in millions of euros
    Shiprepair and container volumes on the rise since privatisation of Piraeus and Thessaloniki
  • Lunde launches digital shop for ship financing
    Banking veteran Dagfinn Lunde and Greek co-founder Marina Tzoutzouraki set out to revolutionise S&P financing
  • Pappas to make most of upturn in dry bulk
    After reclaiming top spot amid Wall Street bulker companies, Star Bulk Carriers CEO is bullish about sector's future
  • Greek banks edge back into shipping
  • Economou on the art of perseverance
    Major Greek shipowner discusses how he weathered the latest market upheavals, his future plans and reveals he could live on just €1,000 a month, if he had to
  • Marine fuels industry braces for 2020 sulphur cap shock
    'Mom-and-pop' outfits among those who face jolt to the competitive landscape due to heavy capital requirements of upcoming emissions rules
  • Lines split amid surcharge furore
    European lines lambasted for emergency fuel surcharges amid signs that Asian peers have broken rank
  • China Navigation confirms boxship quartet order
  • PIL quits Nigeria line revival
  • Pateras doubles down on boxships
    Greek shipowner aims to become one of the world's biggest feedership operators
  • MarineTraffic pieces the shipping world together
    Internet start-up shows that shipping in Greece isn't just about owning vessels
  • Sentiment climbs for spot LNG carriers in second half
    Shipowners are settling in for an expected upturn in charter rates for the latter part of 2018
  • Wisdom Marine charters out debut LPG newbuild
  • Sohmen-Pao sets sights on Dorian
    BW LPG launches $1.1bn bid to consolidate VLGC market
  • Flex LNG CEO set to return to US
  • Skar's exit sees Golar lose two executives in a month
    Chief technical officer quits hot on the heels of senior vice president
  • GasLog yet to select LNG ship for FSRU job
  • Gas Natural eyes existing LNG ships over newbuilds
    Maritime transport director Jorge Zickermann talks vessel chartering, floating regas and LNG bunkering
  • First end users line up Gas Natural's for small-scale system
  • Cheniere raids market for LNG carrier period haul
    US producer takes raft of ships out of the market on 12 to 18-month deals but owners are unable to discuss them
  • Panagopulos pushes fast-forward on LNG bunker future
    Perhaps the most advanced plan to catapult shipping into the age of low carbon emissions has Greek masterminds
  • Eager investors wait in the wings as offshore's pulse picks up
  • Nes senses tougher PSV hunting in an improving offshore market
    Martin Nes wants extra PSVs but says a better market is giving owners more confidence on vessel values
  • Shipowners can cover drug losses despite court ruling, lawyers say
  • Review proposes shake-up of Canadian pilotage
    Ex-Canadian Coast Guard commissioner Marc Gregoire tackles complaints over cost, monopoly and transparency with his reform proposals for the Pilotage Act
  • Missing electrician believed to have committed suicide
  • China goes on hunt for illegal sea sand miners
    Three Chinese provinces have joined their law-enforcement fleets in a crackdown on illegal offshore sea sand mining - but shipowners in the trade appear unruffled
  • Shipping must succeed in drive to meet new sulphur regulations
    IMO cap set for 2020 is the first big test for shipping to show it can clean up its act
  • Rudd returns with Vortex Shipbroking
    Experienced tanker broker opts to go it alone with new UK outfit
  • Guggenheim-backed owner doubles VLCC tally at DSME
    Low-profile player Maritime Partners said to up order for duo to be used by Hartree
  • Daitoh to renew chem-tanker fleet
  • Ship Finance International to keep 15-year-old VLCCs
    Boss Ole Hjertaker says tankers locked in with Frontline are 'not fully' old
  • Smart Tankers looks to more growth in VLCCs
    Small and plucky Greek owner keeps finger on the pulse of the market through spot business
  • Siem's newest car carrier slides into business
  • Carnival arms push ageing cruiseships to Germany
    Midsize vessels prove popular at both ends of quality spectrum
  • Kouros denies claims supramax is for sale
  • Offen poised to exit capesizes
  • Emarat sells supramax as prices hold ground
  • Top Ships growth continues with new ATM in place
    Tanker owner eyes possible share sales as latest newbuilding arrives.
  • Top Ships eyes $14.3m ATM offering as growth continues
    Tanker owner eyes possible share sales as latest newbuilding arrives.
  • Ifchor expands with Seattle office
    Broker's US presence bolstered by Anthony Larson-led offshoot.
  • Golar LNG says Schlumberger out of OneLNG
    LNG shipping rates provide some tailwind but a major FLNG project faces delays.
  • Hoegh calls time on Ghana FSRU job
    As Egypt asks for redelivery on company's regas unit and wait continues on Chilean project.
  • Fairfax pumps another $500m into Seaspan
    Fund takes total investment in boxship owner to $1bn to boost acquisition firepower.
  • Ship Finance snaps up boxship quartet
    John Fredriksen company adds 14,000-teu ships backed by Asian charters.
  • Portland Maritime team joins Ocean Shipbrokers
    London Bridge-based brokerage grows again with five additions.
  • Phenolic compounds blamed for Houston bunker woes
    VPS identifies cause of fuel problem that led to more than 80 ships experiencing mechanical issues.
  • D'Amico building new digital fleet HQ
    Rome base to boost Italian group's data collection and efficiency.
  • Olympic Subsea sees hope for OSVs
    Norwegian owner says activity increasing in subsea and renewables markets.
  • Petrobras keeps SolstadFarstad OSVs
    Brazilian major renews deals for anchor-handlers and a CSV.
  • MPCC turns a profit in first quarter
    Expanding boxship owner says it is still in start-up phase as it aims for 100-strong fleet.
  • KOTC sells VLCC as tankers dominate recycling market
    Kuwait Petroleum subsidiary offloads second oldest tanker in 'as is' sale.
  • Frontline turns red as rates decline
    John Fredriksen tanker company's markets hit by high fleet growth in first quarter, CEO says.
  • Wuhan XG moves into boxships with new order
    Chinese owner inks feedership deal at Ezhou Guangda yard.
  • Hoegh LNG drives up earnings
    Norwegian owner's revenue increases, with more to come from Hoegh Esperanza.
  • IM Skaugen files for Singapore restructuring
    Oslo-listed gas carrier company takes shelter from creditors to reorganise business in "trying times."
  • Mitsubishi targets scrubber supply market
    Japanese shipbuilder teams up with sister company to meet demand for sulphur cleaning system.
  • Essar sells its last capesize bulker for demolition
    Deal comes amid rising prices for dry bulk tonnage in Pakistan.
  • ABN AMRO bolsters Singapore ship finance team
    Dutch bank relocates colleague from Oslo and recruits former NORD/LB banker to Asia team.

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American Shipperweb site
MAY 31, 2018
  • House diving into water bill next week
    Congress will consider the Water Resources Development Act of 2018 next week. The Committee on Transportation and Infrastructure Chairman ...
  • Port Manatee, Argentina trade relationship growing
    Port Manatee and Argentine are working together to strengthen their trade relationship. The port said Argentina is its No. 1 source of imp...
  • NAFTA trade growth steady but slowing
    The total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement (NAFTA) - Canad...
  • MPC Container Ships records profit, doubles revenues
    MPC Container Ships ASA, together with its subsidiaries, recorded a net profit of $500,000 for the first quarter of 2018, up from a net los...
  • IATA: Air cargo growth rebounds in April
    Growth in global air freight volumes rebounded in April after slowing considerably the previous month. Cargo demand jumped 4.1 percent for...
  • Metal duties to hit NAFTA partners, EU
    U.S. duties of 25 percent for steel and 10 percent for aluminum imported from EU member countries, Canada and Mexico will take effect Frida...
  • Rich subsidiary ROAR acquires Integra Logistics
    Buffalo, N.Y.-based ROAR Logistics announced it has acquired Integra Logistics Services , based in Houston. "With this acquisition, ROAR f...
  • Executive Moves: CSX and Loadsmart
    CSX Corporation announced Wednesday that James Schwichtenberg has joined the company as vice president and chief safety officer. Schwichte...
  • CP conductors, engineers back at work
    Canadian Pacific said it reached a tentative four-year agreement with CP conductors and locomotive engineers and a five-year agreement with...

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The Bunker Bulletinweb site
MAY 31, 2018
  • ICE Brent/WTI spread sharply wider as US production grows
    US refinery utilization was its highest since January.
  • Mexico to impose tariffs to US products; follows US move on Section 232 protection
    The tariffs are a response to US tariffs from Mexico.
  • Canada to buy Kinder Morgan's Trans Mountain pipeline for C$4.5 billion
    Purchase ensures pipeline work during summer.
  • Turkey's Tupras switches from fuel oil to bitumen production: traders
  • Piraeus bunker fuel discount to Istanbul shrinks on bullish Greek factors
  • External: Praxis Energy Agents DMCC
  • Japan's Mitsubishi Shipbuilding, MHPS launch new scrubber ahead of IMO rule
    The launch comes as srubbers are gaining more traction to meet IMO's upcoming 2020 rule.
  • TRADER NOTE: Brightoil Petroleum Singapore makes Stephen Qi Jun acting CEO
    Jun's appointment comes after Wang Wei ceased to be CEO effective May 21.
  • TRADER NOTE: Marine fuels trader KPI Bridge Oil hires four bunker traders
    Meanwhile, the company's Istanbul-based bunker trader, Cihan Birdogdu, has relocated to New York.
  • Fujairah bunker sales seen to have fallen more than 20% in H1 on Qatar diplomatic impasse
    Any upswing in oil prices could bode well for Fujairah's storage industry, as could better macroeconomics.
  • ANALYSIS: Saudi, ADNOC OSPs expected to rise on firm market structure, stronger demand
    Sources said the volumes were partly to make up for the lost Saudi crude from its allocation cuts.
  • TANKERS: Key Persian Gulf-China VLCC route breaches w50 for first time in 4 months
    The VLCC market got an upward boost due to the firm bunker prices which had stayed over $400/mt for the past 5 weeks.
  • Singapore Jun ex-wharf 500 CST bunker fuel term inked at MOPS minus $2-$2.50/mt
    The levels were stable compared with May term discounts of minus $2.50/mt.
  • Singapore Jun ex-wharf 380 CST bunker fuel term inked at MOPS plus $3-$4/mt
    The levels were rangebound from May term premiums of plus $2-$6/mt.
  • DRY BULK: US-China trade dispute, truck strikes, coal rules halt Panamax action
    "The market is not looking its best at the moment," a shipowner said, adding "even the Pacific market is coming off, derivatives included -- recovery is yet to be seen."
  • FUTURES: Crude falls in mid morning trade on API inventory data
    "Further downside risk into today [Thursday] could persist given expectations for US oil inventories to rise into the week ended May 25," OCBC's Gan said.




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