|OCTOBER 3, 2018|
- BCOs liable to pay costs incurred by truckers as LA-LB drayage strike looms
- Trump clinches NAFTA talks with Canada ending its virtual ban on US dairy
- US Navy sails past disputed Spratlys as Sino-American tensions rise
- October slot stampede starts as blanked sailings mount and rates sink
- Hapag-Lloyd adds quick quote and online booking to its business portal
- China's economy shows signs of slowing growth in September: Bloomberg
- CMA CGM readies for low-sulphur day, but it will cost US$160/TEU extra
- Stronger, lighter Polish steel containers carry a tonne more per box
- OOCL announces upgrade of Atlantic Mediterranean Express Service
- Kuehne + Nagel opens in Baku and Almaty to service region's rising GDP
- Cathay Pacific continues test latest Bluetooth track and trace ULDs
- Airlines stand fast against demand to resume transport of lab animals
- Etihad Cargo focuses on key trade lanes in new network reorganisation
|OCTOBER 2, 2018|
- Allcargo Logistics to sponsor Vedanta Vision, a Bhagavad Gita discourse by Jaya Row
- HMM signs formal contracts for its twenty mega containerships
- Maersk successfully concludes trial passage of Northern Sea Route
- MSC highlights range of cargo declaration issues at conference
- OOCL announces improvements to Atlantic Mediterranean Express Service
- APM Terminals launches Global Core Competency Centre
- Prime Minister inaugurates Mundra LNG terminal
- BCT wins Textainer's 'Area Depot of the Year' award
- Commerce Ministry constitutes high-level advisory group on foreign trade
- Govt constitutes committee to review Competition Act
- Govt takes over IL&FS
- Indian exporters seen benefiting from vigorous US economic growth
|OCTOBER 3, 2018|
- Cars in flow in Ecuador
- LNG tractor for fuel deliveries to service stations
- Launch customer upsizes A350 order
- Amazon homes in on Duisburg
- Nazzari takes charge of Emeia region for Crane
- Accolade for efficient and reliable transport
- Ceva implements 100th Matrix WMS
- Driverless HGVs soon in Altenwerder
- Schweighofer for Schenker
- Drewry sees Asia-Middle East demand shrinking
- Dako snaps up Fairnet
- Air Charter Service flies to the aid of Hawaii again
- Wascosa grows fleet to over 14,000 wagons
- Fiege tackling logistics for Karstadt
- HMM adding to mega overcapacity
- France commences work as Asco CEO
- "Curiosity of the Day"
- Turkish Cargo starts scheduled services to Mexico City
|OCTOBER 2, 2018|
- El Faro safety legislation awaits Trump sign-off
- Geography and timing right for planned NAO-Horizon merger
- Timor buys out ConocoPhillips in bid to kickstart Greater Sunrise LNG project
- NYK Line leader emphasises compliance in anniversary message
- South Korea tops Mexico as largest buyer of US LNG
- Singapore-registered tanker arrested in Malaysia for illegal STS
- Lim Sim Keat moves on to Asia Pulp & Paper
- Ships, ports hit by typhoon Trami
- GLDD wins USD74 million worth of Tampa harbour dredging
|OCTOBER 2, 2018|
- Ripples from congestion at UK box hubs now reaching north Europe ports
- Angry forwarders hit out as handlers and airlines push up charges
- Goodbye NAFTA: replacement trade deal lowers e-commerce threshold
- Kuehne + Nagel expands Indonesia footprint with Wira Logistics acquisition
- Analysis: supply chain players go head to head in a fight for pricing power
- Mexican shippers eye new markets to the south after new trade deals
- Jan Skovgaard is new chief operating officer at Ligentia
- US carmakers won't win in Trump's trade war
|OCTOBER 2, 2018|
- Damen to build LNG bunkering tanker for the Baltic
- Consolidated Ship Repair names Brent Sappington Marine Manager
- Quebec shipyard completes VIMS research vessel
- VIDEO: Giant Ocean Energy Buoy takes shape at Vigor
- Textron awarded $98 million mod to LCAC award
- Two KVH satcom antenna systems win NMEA awards
- EPA and Hawaii shipyard reach agreement on stormwater discharge
- Ingalls Shipbuilding awarded $97 million for NSC long lead materials
- Sea Machines autonomous technology completes sea trials
- Global Maritime Forum announces new Advisory Council
|OCTOBER 2, 2018|
- Seanergy goes all-in on capesize vessels
Seanergy says it plans to grow its presence in the capesize market, which it believes has the best fundamentals in...
- Carriers' fuel cost recovery methods lack transparency, shipper survey reveals
New industry legislation will require lines to burn fuel with a maximum 0.5% sulphur content from 1 January 2020
- Russia demands release of sanctioned ship held in Busan
Moscow summons South Korean ambassador to demand release of vessel blacklisted by the US Treasury Department over sanctions on North...
- Shell greenlights Canadian LNG export project
The Anglo-Dutch energy major, which has a 40% stake in the Canada LNG project in Kitimat, British Columbia, said construction...
- International Group names new chief executive as Bardot steps down
Nick Shaw, global industry group leader at the International law firm Reed Smith, will take up the position of group...
- Thome raises concerns about compliant fuel compatibility
Switching to compliant fuels seen as primary solution as time runs out for scrubber installations
- More contracts factoring in bunker adjustments
There is an increasing demand for so-called bunker adjustment factor clauses in contracts now, says law firm Rajah & Tann
- VLCC earnings improve with further upside expected
VLCCs sustain uptrend on higher vessel demand across regions, supported by high activity in advance of China's Golden Week holidays
- Asia-Middle East ocean freight 'in steep decline'
Container trade from Asia to South Asia and from Asia to the Middle East fell steeply in the second quarter
- Shippers must foot sulphur fuel bill, says SeaIntel
SeaIntel estimates that the container shipping industry will be faced with an additional $11.2bn fuel bill from 2020, when the...
- Shipping's biggest challenge is a shift in mindset, not fuel
Shipping is an industry of regulatory laggards, where first-mover advantage is routinely proved to be a costly and naïve myth...
- Kuehne + Nagel acquires Indonesian logistics company Wira
K+N acquires a distribution centre in Cibitung together with satellite locations in Jakarta, Surabaya and Bali adding to its warehouse...
- Daily Briefing
Most refineries to produce HFO after 2020 | Sinopec said to be cutting Iranian crude intake | Gas sector seeks...
|OCTOBER 2, 2018|
- Teamsters' LA-LB protest continues without cargo impact
- Port NY-NJ looks at staging space to boost rail fluidity
- CSX tries to drive Ohio hub volume with BNSF interline service
- LA-LB struggles with chassis shortages, container returns
- Amazon pay hike raises stakes in battle for truck drivers
- Air cargo slowdown worries build on US-China tariffs
- TMS deals accelerate fusing of solutions into suites of services
- Europe freight rail works to avoid another Rastatt disaster
|OCTOBER 2, 2018|
- South Korea releases detained Russian ship
US-blacklisted Sevastopol was held in Busan due to to alleged trade links with North Korea.
- Sleaze party disrupts Royal Caribbean cruise
More than 1,000 Indian tobacco company men on a wild work bender took over family cruise in Australia.
- Eagle Bulk to ask bondholders for scrubber amendment
Gary Vogel-led bulker owner is seeking approval to put proceeds from the sale of 'security vessels' toward the cost of four scrubbers.
- Damen Shipyards to build bunkering vessel
Estonian energy company Eesti Gaas will use the LNG bunker ship in the Baltic Sea, may order more such vessels from Damen Shipyards.
- Bouchard sues for $21.5m over ATB blast
New York-based tug and barge owner is suing insurer Travelers for allegedly not paying for repairs and value of destroyed ATB
- Cleaves Securities buys Gersemi Research
Move sees Norwegian company strengthen its research and capital management activities.
- Second cooldown cargo logs in at Ichthys LNG
Soon-to-start up floating LNG plant ships first condensate exports
- Erria secures new funds through share and bond offerings
Danish operator and manager offsets loss thanks to new investor.
- Seanergy Maritime shifts focus purely to capesize space
US-listed owner buys a single cape and sells a brace of supramaxes in deals which supports its bullish market read.
- Japan's MOL poised to shed more product tanker tonnage
MOL is on track to sell a 14-year-old MR tanker as the Tokyo-listed shipping giant continues to reduce its exposure to the product sector. According to brokers, the 45,700-dwt Pearl Express (build 2004) is going to Middle Eastern interests for $9.5m. MOL and Karpowership set to team up on FSRU for floating power plant Mitsui OSK Lines prices 'scrubber' bonds A source close to the matter told
- New CEO to oversee next generation of Shoreline solutions
Bermuda-based regulation specialist appoints niche insurance innovator as it rings the changes
- Poompuhar sends final bulker for scrap
Indian owner sends vessel for demolition in Pakistan.
- Uljanik loses another vital newbuild contract
Canada's Algoma cancels bulker order at troubled Croatian yard.
- Bad weather boosts AHTS earnings
Utilisation rising as jobs stack up and rates hit $31,000.
- Paul Jennings to head International Group
P&I organisation appoints new chairman and chief executive.
- Vitol takes 50% stake in Brazil's Rodoil
Trader and owner buys slice of oil terminal and distribution business.
- NYK and Total behind $180m Samsung LNGC
Japanese owner orders newbuilding backed by seven-year charter to major.
- Panama Canal hails new LNGC transit milestone
Waterway handles four gas carrier voyages in one day for the first time.
- Stifel's Nolan sounds cautious note on LNG carrier oversupply
Market running hot but record year for orders may be planting over capacity seeds for 2021.
- Samskip launches new shortsea run
Icelandic line to link Antwerp and Hull.
- Bondholder buying former Rongsheng shipyard
China Huarong Energy exiting debt-burdened shipbuilding business.
- Costamare boxship scrapped for 'incredible' price
Panamax containership sold to India as $500 per ldt barrier breaks.
- Hyundai Heavy linked to $500m offshore lifeline
Korean owner said to be closing in on floating production deal with LLOG of the US.
- Fredriksen VLCC veteran tipped for offshore conversion
Ship Finance tanker leaving to spot market but not for the breakers, sources say.
- Iran says European crude export deal close
Sanctions-hit country trying to avoid dollar deals to get oil out.
- Lomar heading for 110% profit on boxship sale
Former ER vessel going for more than double acquisition price; another veteran sold for hefty profit.
- Greek tanker spending tops $1bn in 2018
Diamantis Diamantidis and Philip Embiricos among the four Greek owners to have spent over $100m on tankers this year.
- Korean owner eyes Vinalines stake
Vietnamese group offering investors a second chance to grab stock after weak IPO.
- Subsea 7 alliance wins field deal
Sizeable US Gulf contract worth up to $150m for Schlumberger JV.
- Farstad name disappears as Solstad Offshore born
OSV giant renames itself following last year's mega-merger.
- Conversion of LNG-ready vessels may stimulate bunkering
Doubling of deepsea fleet could build demand for gas as marine fuel above European levels, says Poten & Partners.
- New Zealand fines Compagnie du Ponant over grounding
Captain failed to inform local authorities of incident, with details only emerging after PSC inspection.
- Ship Finance offloads oldest VLCC in fleet
John Fredriksen-backed leasing company now down to just four large tankers following disposal.
- Wallem celebrates 60 years in Singapore
It proved a night of milestones for Wallem as it celebrated 60 years since it first set up shop in Singapore. "We also have staff at Wallem Singapore who have worked with us for about 50 years each." Nitin Mathur Shipowners, cargo interests, charterers and bankers joined in the celebrations at LeVeL33, which claims to be the world's highest craft brewery. Located in the Marina Bay F
- Maersk picks up $45m worth of work from US military
Contract extensions cover Jones Act tanker and operation and maintenance of ro-ro vessels.
|OCTOBER 2, 2018|
- Khalifa Port receives 14 cranes for Abu Dhabi Terminal
- Fastball: California taking swing at waterfront stadium
- Kuehne + Nagel expanding Indonesian operations
- Executive Moves: Metro Ports, SOGET and IMO
- New York alliance pushing for regional barge network
- Shippers' Law: Taking the heat for MSC Flaminia fire
- Hahn & Co. reportedly in talks to acquire SK Shipping
- FMC reviews 11 OTI license applications
- Trans Global Projects buys Natco Germany, NPT Brazil
|OCTOBER 2, 2018|
- Crude settles lower as market consolidates previous gains
Crude and products futures settled just below opening levels, despite early gains on Tuesday.
- Iraq's new President-elect bodes well for oil export rift
Iraq Parliament has chosen Barhan Saleh, as its next president in a move which could help break the country's long-running stalemate between Erbil and Baghdad over oil exports via the breakaway northern region.
- Japan tells US corporate activity should not be impacted by Iran sanctions
Japanese delegates told US counterparts during a meeting in Washington Monday that Japanese corporate activities should not be impacted by looming sanctions against Iran, and the both sides agreed to continue discussions, Japan's Ministry of Foreign Affairs said in a statement Tuesday.
- As oil prices rise, US locks in on Iran sanctions
Rising global oil prices will not deter the Trump administration from pushing sanctions forward on Iranian crude exports in November, several analysts told S&P Global Platts Tuesday.
- Q3 wrap: Asia residual fuels strengthen on tight supply, spec concerns
The Asian residual fuels market was stronger in the third quarter due to a slump in fuel oil stocks and concerns over off-spec US origin fuel.
- CYE Petrol likely to halt bunker sales at Istanbul for Oct: source
Turkish fuel supplier CYE Petrol is unlikely to be supplying intermediate fuel oil at the Turkish port of Istanbul for the duration of October as the company carries out shoreline preparations ahead of the International Maritime Organization's new lower sulfur regulations in 2020, a source close to the matter said Tuesday.
- Singapore 180 CST swap crosses $500/mt amid rising crude, strong fundamentals
The Singapore balance-month 180 CST high sulfur fuel oil swap rose above $500/mt on Tuesday for the first time in four years, finding support from increasing crude prices and strong market fundamentals.
- Congestion in Malta, Piraeus eases after spell of bad weather: sources
Congestion at the Mediterranean ports of Malta and Piraeus has begun to ease after bad weather caused disruption to the delivery schedule over the weekend, sources said Tuesday.
- Strong fuel oil market could open arbitrage from NWE to Singapore
A workable arbitrage for 3.5% fuel oil cargoes moving from Northwest Europe to Singapore could open up if the premium of 380 CST Singapore cargoes over 3.5% FOB Rotterdam barges widens further, market participants said Tuesday.
- External: Global Risk Management
- Iran's oil tankers opt for Houdini tricks as US sanctions loom
Iran's oil tankers are switching their transponders off in a bid to appear oblivious to global satellite tracking systems
- Iraq's AISSOT completes maiden bunker supply in Suez Canal
MT Andros supplied 1,500 mt of 380 CST fuel oil and 300 mt of LSMGO to the LPG/c Gas Beauty I on September 29.
- FUTURES: Crude hovers around 4-year high on supply concerns
Investors continue to keep an eye on potential supply shocks, OCBC Commodity economist Barnabas Gan said.
- TANKERS: Americas VLCC freight jumps $1 mil in two days on demand, tight tonnage
"All of the Japanese and Korean charterers are stepping up," one shipbroker said.