|JULY 5, 2018|
- Evergreen boosts Asia-East Africa loop with capacity and calls
- Maasvlakte 2 automated container port marks 5th anniversary
- ONE's new 14,000-TEU ship calls at S'pore transshipment hub
- Hapag-Lloyd issues profit warning, citing hard times
- Prince Rupert expands to raise capacity 33pc to 1.8 million TEU
- C$ forecasters bet Trump will ease on NAFTA and tariffs
- Long Beach wins state grant to electrify box handling gear
- White House floats draft bill to flout WTO rules if necessary
- Feasibility study underway on dredging Miami harbour
- Virgin Atlantic says e-commerce to drive HK-Sydney cargo sales
- Trump to send high-level sales team to Farnborough Airshow
- Chicago Rockford Airport turns sod to become cargo hub
|JULY 4, 2018|
- C.H. Robinson relocates to new office in Mumbai
- Maersk Line achieves new landmark by rendering first mile logistics solutions for imports of refrigerated cargo into India
- MANSA elects Capt. Amit Wason of NYK Line (India) as President for 2018-20
- HAROPA - Port of Le Havre confirms its investment scheme of more than euro 500 m
- JNPT's 29 years of creating value
- N. Vaiyapuri takes charge as Deputy Chairman of V.O. Chidambaranar Port Trust
- PSA's Chennai International Terminals wins 'Container Handling Terminal of the Year' award for the third time at the South East Cargo & Logistics Awards 2018
- Kinship Agency exports Dornier-228 aircraft from HAL Kanpur to Seychelles
|JULY 4, 2018|
- Yang Ming seals neo-Panamax vessel charters
- S&P market braced for China rush
- Shipowners face hefty fines under new cyber security rules
- Ageing fleet and tough market push more VLGCs to scrap
- Angelicoussis goes for another FSRU at DSME
|JULY 4, 2018|
- China gives COSCO $6.3bn takeover of OOCL last-minute go-ahead
- Nippon Cargo Airlines set to take off again, one aircraft at a time
- Kerry Logistics signs deal to build new Black Sea deepsea container port
- How we see the future of retail delivery - and what this means for logistics
- Shock for HNA as chairman Wang dies falling from a wall
- Singapore-Chongqing logistics hub takes shape
|JULY 4, 2018|
- Nexans to build advanced cable layer ship at Ulstein Verft
|JULY 4, 2018|
- German Carnival affiliate lures Klein from CPO Holding
Switch from boxes to cruiseships for Hamburg big name
- Indonesian ferry sinking claims 34 lives
The vessel partially sunk on Monday after the master grounded it deliberately to prevent a higher death toll
- Ardmore's Gurnee expects summer rebound in MR tanker demand
Mexico and Brazil are expected to lift more US oil products, injecting more vitality to Atlantic product tanker trades
- Kerry Logistics to help develop new Black Sea port and SEZ
New port and economic zone due to open in 2020
- China's newbuilding price rise continues
Fall in the value of the yuan, if it continues, is good for shipbuilders in China, because it may turn...
- Seadrill nets court award after exiting Chapter 11
Award comes after Seadrill restructures, slashing debt for equity
- Box rates bounce back on transpacific
Drewry index follows SCFI on upwards curve
- Yang Ming confirms charters
The company says it has an ongoing fleet renewal programme to replace older ships at the expiry of their charter...
- DSME secures 100th order from Angelicoussis
The two groups have done $11bn of business since 1994 and still have 18 vessels outstanding
- Is the window closing for secondhand bulker investors?
Freight markets signal further upside in asset values although it may be too late to invest in bulkers on a...
- Tariffs threaten 1% of global box trade, says Drewry
Optimism persists that global demand growth will outstrip demand despite looming trade war
- Seaspan appoints chief operating officer
New chief has more than 25 years' experience in shipbuilding industry
- Five risks to check: Product tankers
Crunch time for owners as newbuilding interest has recovered even before product restocking occurs
- Värde hires ship finance specialist Bart Veldhuizen
Former Lloyds and DVB banker has sat on Eagle Bulk, Seadrill and Golar LNG boards
- HNA chairman Wang Jian dies after a fall in France
Company says the chairman was injured in a fall and failed to recover
- Pioneer Marine plans to buy back shares
The offer will be carried out as an auction process managed by Pareto Securities
- Daily Briefing
Total VLCC scrapping value could reach $1bn, says GMS | Five risks to check: Crude tankers | IMO agrees to...
- China imposes IMO Tier II rules on imported ships
Move is expected to ramp up Chinese imports of tonnage in the short term and largely reduce the age of...
|JULY 4, 2018|
- Profitable year slipping away as container shipping outlook darkens
|JULY 4, 2018|
- China's Shenghang buys out dissident shareholders
Domestic chemical tanker owner joins a string of shipping companies to leave Beijing's New Third Board over-the-counter exchange in search of other funds
- Fesco offloads feeder boxship for over $11m
Russian liner operator Fesco has sold another of its feeder containerships. The Vladivostok-based operator has reportedly hived off the 1,730-teu Vladimir (ex-Fesco Vladimir, built 2009) for more than $11m. Fesco shares hit by Magomedov arrest Fesco lines up $13m stock offer European brokers suggest the vessel has been bought by Neptune Pacific Line of Australia. The price is roughly in line
- Morgan Stanley takes fire as weak market sinks GoodBulk IPO
Failure to launch on Nasdaq is blamed on a 'fundamental lack of demand', but some observers also point the finger at lead investment bank's sale of Star Bulk Carriers shares a day earlier
- Don't get caught out by Chinese ship import deadline, brokers warn
Buyers risk getting caught in a closing window as Beijing wants all vessels to comply with Tier II
- Simon Aust exiting shipbroker Harper Petersen
Simon Aust is departing as managing director of German shipbroker Harper Petersen. Aust is set to be replaced by Bjoern Andersen and Arne Corleis at the beginning of August. Rickmers reveals his philosophical approach to shipowning His exit comes just a few months after Erck Rickmers announced he was selling Harper Petersen to the Bremen-based Zeaborn Group. Nils Aden, chief executive of owne
- Greek tanker and bulker spend nears $2bn in first half
Hellenic hands still writing cheques but overall deal flow and investment is down this year.
- Marc Duck paddles to Asia Capital Re
A top figure in the fixed premium protection and indemnity market is leaving British Marine to join Asia Capital Re. Marc Duck, a former Steamship Mutual and UK Club claims executive, switched to the fixed premium market in 2010. He initially worked for British Marine, the biggest of the fixed premium P&I insurers in London, but relocated to be head of P&I claims for the parent outfit, Australian
- Ferry disaster kills 31 people
Captain of Indonesian vessel ran it onto reef to help evacuate passengers.
- BP exits LPG sector with sale of last owned tanker
Oil major subsidiary has shed three LPG carriers in four months as LNG and tanker fleets are renewed
- Diamantides continues Toisa fleet feast
Greek owner suspected to be laying hands on Toisa newbuildings.
- Fujian Mawei tears up mining ship contract
Dubai's MAC fails to pay $18m instalment, charterer Nautilus says.
- Ulstein wins race for Nexans Subsea newbuilding
Ulstein Verft has won a hotly-contested contract for a large cable laying vessel. Nexans Subsea Operations has booked the DP3 newbuilding at the Norwegian shipyard, it announced today. Sunstone set to ink expedition cruiseship contract Gunvor Ulstein, chief executive of the Ulstein Group, said in a statement that Nexans was a solid and important partner. "The contract was won in tough, interna
- Yang Ming signs for 10 new boxships
Deal confirmed for Costamare and Shoei Kisen newbuildings.
- Braemar ACM fires up futures growth with new team in place
Former Clarksons trio begin trading on FFA desk as CEO envisages 'massive growth'
- TS Shipping MSV heading to Canada
Estonian owner charters out icebreaking support ship for five successive summers.
- Three charged after drugs found on NSC ship
Cocaine discovered in sea chest of German vessel in Halifax.
- SeaBird fixes laid-up seismic ship
Norway's SeaBird Exploration has won a seismic survey contract in the Asia Pacific region. The letter of award obliges the owner to provide a ship for work in the third quarter. The job will last three months, with the company deploying the 1,400-dwt Voyager Explorer (built 2005). Clarksons and Equasis lists the vessels as laid up. It is anchored in Malaysia.
- Docker's widow sues over bulker death
$15m action against Taiwanese owner after mooring line snapped in US.
- Carnival Corp cruiseship tipped for China buyer
Second of two recent sales by cruise giant may be headed to China Travel Service
- Maersk Oil books PSV duo on term deals
Mokster and SolstadFarstad vessels booked for UK work.
- Dutch royals visit Damen
King Willem-Alexander and Queen Maxima dropped in at Curacao repair yard.
- John Angelicoussis orders his 100th ship at DSME
Landmark FSRU deal takes Greek owner's spending at Korean yard to $11bn since 1994.
- Pioneer Marine launches share buy-back
Handysize bulker specialist looks to spend almost $15m to bolster its stake in the company.
- KTB Asset Management launches $30m shipping fund
Money will be invested in three shuttle tankers building for Teekay at Samsung Heavy Industries.
- JERA and EDF to merge LNG trading arms
Move sees Japanese energy company boost spot market know-how and expand access to Europe.
- General cargo vessel arrested over unpaid bunker bill
Singapore admiralty sheriff makes first vessel arrest in months as Vietnam-flagged ship is held.
|JULY 4, 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 4, 2018|
- Piraeus bunker-buying flurry narrows price discount to Istanbul
- Med/North HSFO turns negative on easing Med market
- FUJAIRAH DATA: Oil product stocks jump 9.9% to seven-month high
- Black Sea bunker supplier adds new barge for harvesting season
- NWE fuel oil hi-lo spread at narrowest in 8 months as bearishness grips LSFO market
- US Navy 'stands ready' to protect Hormuz after Iran threatens exports
- SUBSCRIBER NOTE: Platts to amend Singapore-Australia 30 kt clean MR assessment methodology
From August 1, Platts will assess the 30,000 mt freight as a prorated value of its recently launched 35,000 mt clean Medium Range tanker assessment.
- LNG bunkering set to meet decarbonization target by IMO, offer other gains to shipping: SEA\LNG
"Assessing it [LNG] purely from a GHG point of view is not responsible," SEA\LNG said.
- ASIA SHIPPING Q3: Oversupply sinking dirty tankers; clean hit by newbuilding VLCCs
The orderbook for VLCCs is at a two-year high and at a risk of overinvestment.
- BIMCO developing charter party clause to prepare for IMO 2020 sulfur cap
The clause is significant because it will help alleviate some of the uncertainty surrounding the impending sulfur cap.
- FUTURES: Crude higher on latest US data, ongoing supply concerns
"A larger-than expected drawdown in US inventories will inevitably prop prices up," a Phillips Futures analyst said.
- Iran threatens to block neighbors' crude exports if sanctions cut off its oil sales
However, President Hassan Rouhani did not elaborate how Iran would block regional crude exports.