|JULY 4, 2018|
- Tributes pour in for CMA CGM Group founding president Jacques Saade
- CMA CGM to extend emergency bunker surcharge into July
- Cosco adds 10 voyages to Arctic Northern Sea Route this summer
- ICS willing to end carbon emissions despite lack of global warming
- 30 years of dire global warming, carbon warnings prove false
- China's weakening factory data indicates second half slowdown
- Port Everglades installs 3 postpanamax cranes with 22-box span
- Japan's ONE kicks off in Lion City with gala launch party
- BIFA irked not compensation for Felixstowe's dockside disruption
- US Customs seizes US$10 million in counterfeit watches from Hong Kong
- Tariffs, taxes may cut US farm exports, increasing China food costs
- North American truck spot market posts record shortages in June
- Maersk starts shorter transit Mumbai-Montreal all-water express
- Environmental compliance costs boost shipboard battery power use
- Nippon turns to Atlas Air after FAA grounds its freighters
- Trade tiff hits China air share prices, plane orders harder to pay
- World trade to grow in 3rd quarter, says DHL Global Trade Barometer
- Emirates SkyCargo adds Chile to network to serve e-commerce
|JULY 3, 2018|
- Agreement reached on expansion of DP World Prince Rupert Fairview Container Terminal
- CMA CGM Group announces extension of its emergency bunker recovery measures
- Freight forwarders warned not to expect compensation for Felixstowe disruption
- Ganga Jal Marg Vikas Project to be completed this year before schedule
- Key issues discussed at CHENSAA's 62nd AGM
- MSC makes first melon shipments from Spain to Asia using Controlled Atmosphere technology
- Scandinavian Shipping & Logistics acquires Unitrans
- Tariffs on Chinese goods seen impacting Southern California ports
- Oilmeal exports from India drop 8 pc in first two months of this fiscal
- APM Terminals Pipavav certified as AEO
- APM Terminals Pipavav hosts trade meet in New Delhi
- Indirect tax collections increase by 11.9 pc; 1.5 pc increase expected in the non-oil category post GST roll out: Arun Jaitley
- Shipping Secretary Gopal Krishna highlights salient features of cabotage relaxation at South East CEO Conclave 2018 in Chennai
|JULY 3, 2018|
- Hartmann Group sells offshore management services
- Teekay Offshore strengthens shuttle tanker leadership with more newbuildings
- DHT to retrofit scrubbers on 12 VLCCs
- HHLA completes takeover of Estonia's TK
- Libya crisis deepens as crude loadings fall back
- Environmental regulatory changes triggers administrative burden for crew
- Explosions on SSL Kolkata bring cargo misdeclaration back into focus
- Australia warns that US-China tensions may persist for two years
- Feeder ship shortage buoys ebullient intra-Asia prospects
- Italian shipping rises from the ashes as foreign investors buy up debt
- Malta register charts its course following tonnage-tax verdict
- Dredging operators adopt varied approaches to training
- Klaveness raises combination carrier tally at Yangzijiang
- South Korean shipping fund finances Teekay shuttle tankers
- Kaohsiung aims for more bunker sales
|JULY 3, 2018|
- Port of Felixstowe customers must face two more months of 'absolute chaos'
- Tech titans JD and Google team up to expand global logistics operations
- Will UPS order save the 747-8F, or is this the last hurrah for the jumbo?
- Rhenus and LBH unveil plans for joint pan-European inland waterway services
- Agility launches road freight load-matching service with tech partner
- Kenya Ports Authority evacuates cargo at Nairobi inland container depot
- Swissport CEO and president Eric Born to quit at the end of the year
|JULY 3, 2018|
- Rx for LNG carrier efficiency: Peapods, apples and hybrid drive
- BMT launches new hybrid ferry design
- DHT Holdings will install scrubbers on 12 VLCCs
- Vard to build third expedition cruise vessel for Hapag-Lloyd Cruises
|JULY 3, 2018|
- Le Havre in line for €500m port infrastructure investment
Additional berth space and inland waterway access improvements are part of Port 2000 project
- Total very large crude carrier scrapping value could reach $1bn, says GMS chief executive
Weak freight earnings, firm demolition rates and tightening environmental regulations are boosting recycle volume
- Disruptions continue at Felixstowe
Problems from new terminal operating system set to continue into next month
- Brazilian ports congested as soyabean exports and prices surge ahead of trade war
Brazil's ports are struggling to overcome backlogs following a series of strikes last month that brought supply chains to a...
- IMO agrees to explore reforms
Deliberations on reforming the IMO are expected to begin in November 2018
- DHT to install scrubbers on 12 of its very large crude carriers
The tanker giant will have 12 VLCCs built between 2004 and 2012, as well as two newbuilding, installed with scrubbers
- APL speeds up transpacific backhaul
APL goes back to its roots for new vessel naming convention
- Fuel costs set to dominate pricing for rest of 2018
Passing on costs to customers threatens long-term relationships between carriers and shippers
- No best answer, only the lesser evil
IMC Group wants to install scrubbers on young ships and sell the older vessels to Indonesia. But that's just a...
- Lloyd's Register's Boardley says time is right to move on
The Lloyd's Register executive vice-president will take up his new role at Cruise Lines International Association Europe on October 1
- Five risks to check: Crude tankers
The down cycle has turned out longer and deeper than originally thought amid oversupply of tonnage
- SSL Kolkata fire still burning as ship begins to break up
Shreyas prepares anti-pollution measures as fire continues on burning boxship
- Maritime can't resist digital disruption for much longer
Despite obstacles to digitalisation receiving most coverage, leaders within the maritime sector are at last recognising there's no turning back...
- Daily Briefing
Five risks to check: Container shipping | Japan questions Australia's IMO reform push | BIMCO Pedersen says questions remain over...
- Australia trims 2018 iron ore export forecast on China's slowdown
The main driver behind the downward revision is an estimated slowdown in Chinese urban residential construction and infrastructure investment
- China LNG to acquire $71m LNG tank containers
Company plans to buy between 5,000 and 10,000 LNG containers in the next five years
- Libya's NOC declares force majeure at oil export ports
NOV chairman says the army's general command has declined the oil giant's request to return the facilities
|JULY 3, 2018|
- US trucking rolls into epoch-making lane
- Repairmen shortage exacerbates US chassis scarcity
- Amid tight US dray capacity, QuickLoad allows shipper to name price
- How will cell phone data share rethink affect freight visibility?
|JULY 3, 2018|
- Seaspan appoints new chief operating officer
Philly Shipyard executive Jari Anttila has 25 years of industry experience.
- Teekay Offshore Group under new control
Brookfield Business Partners gains 51% stake in Teekay Offshore Partners' general partner.
- K + N world trade index points to slowing
Swiss transport and logistics firm says indicators still point to year-on-year growth, but momentum slows.
- Carnival Maritime hires new managing director
Hermann Klein has been appointed Carnival Maritime's new managing director, starting 1 September. He is currently managing director and group chief operating officer of CPO Holding (Offen Group) in Hamburg, Germany. He will succeed Lars Ljoen, who will join Carnival Cruise Lines in Miami, US, as head of marine operations. Carnival Maritime is the Hamburg-based marine service unit for Costa Gro
- Seadrill subsidiary awarded $273m
London-based Tullow Oil ordered to give about $254m total to John Fredriksen-owned drilling rig concern for ending contract early.
- Monjasa adds tanker as it expands bunker reach
Danish group brings in former Stena Oil ship for Skaw operation.
- Hapag-Lloyd's results not worrying Moody's
Fifth largest liner operator issues diminished profit forecast, but credit rater does not plan downgrade.
- Norden sells older product tanker
Danish shipowner Norden has sold one of its older product tankers, market sources say. Norden says MR purchase shows 'good timing' Norden deal marks first block in Kirk Kapital exit strategy Shipbrokers suggest the 40,100-dwt Nord Farer (built 2005) has changed hands in an $11.5m transaction. The firm price is believed to reflect the long subjects, while some name the buyer as Matrix Oil of
- Wilbur Ross adds to list of stocks sold short
US commerce secretary and one-time shipping investor makes more disclosures amid furor over his financial dealings.
- Seanergy Maritime narrows first-quarter loss
US-listed bulker owner sees higher revenue on improved charter rates.
- Teekay Offshore back at Samsung with $250m order
Teekay adds two more shuttle tankers bringing the total order there to six
- Funds bring together UOS and Hartmann AHTS fleets
Hayfin and Breakwater poach Bibby Offshore's Howard Woodcock to grow company that will manage 13 OSVs.
- Missing crewman found after 22 hours in sea
Carnival cruiseship picks up seafarer who fell from NCL vessel off Cuba.
- Paris MOU ship bans rose in 2017
Port state body barred 33 vessels last year, up from 20 in 2016.
- DHT Holdings sees potential 'super-profit' from scrubber project
Retrofitting project will see tanker owner have 14 scrubber fitted VLCCs by the close of 2019.
- Tallink freight volumes jump 10%
Estonian ro-pax group Tallink has seen freight volumes jump 10.1% in the second quarter. It said it carried 101,000 cargo units to June. Passenger numbers edged up 1.7% to 2.63m, while passenger vehicles hit 331,000, up 0.5%.
- Tanker dented in Valdez clash
US Coast Guard says tug hit APT vessel at Alaskan port.
- Philippines blocks second Chelsea takeover
Dennis Uy's 16-ship deal voided by antitrust body over non-notification.
- Vard secures new Hapag-Lloyd cruiseship
Fincantieri company to build German owner's third Hanseatic vessel.
- Bimco: trade war is a 'speeding train'
Analyst Peter Sand says US-China spat creates shipping uncertainty, but affected volumes are limited.
- Okeanis Eco Tankers' timing is exquisite, says Gersemi
Newbuilding deliveries perfectly timed, with dividend promise the icing on an already enticing cake, says Joakim Hannisdahl.
- Total picks TechnipFMC for Angola job
US-listed subsea player to install infrastructure for Zinia project.
- Great Eastern opens up on fuel dilemma
Indian owner hfacing higher costs whether it opts for scrubbers or low-sulphur bunkers.
- ECA lending hit record level in 2017
Cruiseship deals dominated export credit financing transactions.
- Teekay Offshore buying back $113m of bonds
New York-listed MLP cancelling old debt as part of new $700m notes deal.
- Platts eyes expanded list of Mediterranean ports offering LSFO
Pricing agency proposing to add 10 more locations to its lower sulphur fuel assessment.
- EEX recruits ex-Nasdaq Asia freight sales boss
Ex-Clarkson man joins Deutsche Borse subsidiary to oversee global sales for freight related products.
- Australia trims 2018 iron ore export forecast
But chief economist still sees volumes of steel making commodity growing to 891mt by 2020.
- Thailand latest nation to halt plastic waste imports
Major container lines refusing to accept cargoes following introduction of government ban.
|JULY 3, 2018|
- Port of Thunder Bay to undergo upgrades
The Canadian government is investing C$7.5 million (U.S. $5.7 million) in transportation infrastructure at the Port of Thunder Bay along Lake Superior.
- Chinese goods subject to duties drawback eligible
Goods subject to Section 301 duties on imports from China will be eligible for drawback, U.S. Customs and Border Protection said in a Tuesday CSMS message.
- Evergreen adds reefer containers to fleet
Carrier Transicold said Monday that Evergreen is acquiring 3,000 containers equipped with its PrimeLINE refrigeration units.
- Largest U.S.-flag containership christened
Matson, a leading Jones Act carrier, to both Hawaii and Alaska on Saturday christened the largest containership ever built in the United States at the Philly Shipyard.
- Danaos profits slide on debt refinancing
Danaos Corp. saw its net income slide 18.7 percent to just shy of $15 million in the first quarter of 2018, according to the company's latest financial statements. The Athens-based containership owner and lessor posted earnings per share of $0.14 for the quarter compared with $0.17 per share in the same 2017 period despite operating revenues ticking up 1.6 percent to $111.9 million. Danaos attrib
- Logistyx snaps up Transparix
Rolling Meadows, Ill.-based Logistyx Technologies, a transportation management execution software-as-a-service company, has acquired Transparix.
- Port of Virginia dredging project moving forward
A project to deepen and widen the commercial shipping channels serving Norfolk Harbor can now move forward after getting the necessary approval from the U.S. Army Corps of Engineers, the Port of Virginia said Monday.
- Tariff hikes cast U.S. ports into murky waters
While many U.S. ports are reporting record cargo volumes, port executives also are expressing concern about what impact increased tariffs - both tariffs imposed by the Trump administration on imports into the U.S. as well as retaliatory tariffs by its trading partners - may have on future traffic.
- FAS announces updated agricultural safeguard triggers
The Agriculture Department Foreign Agricultural Service (FAS) on Tuesday announced updated quantity-based trigger levels for products that may be subject to additional import duties under the safeguard provisions of the World
|JULY 3, 2018|
- European fuel oil markets tighten on Middle Eastern demand revival
The European high sulfur fuel oil market was balanced to tight for much of the second quarter as summer power generation demand from the Middle East pulled material out of the region
- OPEC boosts output but excess tonnage remains
Freight rates have risen over the last quarter on VLCCs and Suezmaxes.
- Vitol purchases 96,000 mt of HSFO in Monday's 3.5% Barge MOC
Vitol bought 96,000 mt of 3.5% RMG 380 CST bunker fuel in Monday's 3.5% FOB Rotterdam barge Market on Close assessment process
- Monjasa adds third NWE bunker supply vessel as it expands into northern France
Bunker fuel supplier Monjasa has acquired a third supply vessel to provide marine fuel in the Northwest European market
- Tanker owners DHT order scrubbers for 12 VLCCs
- Using genuine zero CO2 bunker fuels key to IMO emission goals in shipping: ICS
ICS also said it was "strongly opposed" to the concept of IMO establishing a mandatory system of operational efficiency indexing.
- Cleanship Solutions, NICO ink deal for scrubber, ballast systems market in UAE
Demand for scrubbers, ballast water management systems jumps as environmental rules loom in shipping.
- FUTURES 1: Crude higher on expected US stock draw, supply concerns
"Oil looks overbought, so there was a little correction last night," an analyst said.
- DIRTY TANKER OUTLOOK Q3: Potential Chinese-US trade war could sink market
"If US crude exports to China are hit by tariffs that would be a firm negative," a source said
- Saudi oil politics give OPEC an existential problem
The question is does Saudi Arabia sacrifice some strategic influence by casting aside the rest of the sovereign producers?
- Iraqi crude exports hit 2018 high over 3.5 million b/d in June
The highest level so for this year, latest data from its oil ministry showed.