|OCTOBER 5, 2018|
- Iran avoids beaching 4 new 14,500ers by selling to Shanghai's Reach
- IMO's 2020 sulphur emissions ban to cause major disruption: OPEC
- Jacksonville Port Authority on track to top last year's record cargo
- American truckers praise Trump for new Canada and Mexico deal
- Shipping alliances investigated as Europe reviews block exemption
- Cosco ships Egyptian pavilion from Port Said to Shanghai Expo
- Total to charter liquefied natural gas tanker from NYK for 7 years
- Marine fuel suppliers must change ways to survive in the regulatory age
- Ecuador's Puerto Bolivar sets sights on courting major ocean liner trade
- Navios receives 4,563 TEUer for charter at US$11,791 per day
- Global air freight growth drops 2.3pc in June protectionism rises
- Cargo-partner celebrates opening of iLogistics Centre near Vienna Airport
- Oman adopts IATA's electronic air waybill standard, local traders trained
|OCTOBER 4, 2018|
- Allcargo organises major clean-up drive at Juhu beach in Mumbai
- Asia Maritime Pacific joins forces with Fenwick Shipping Services
- India must reform maritime training to raise its seafarers supply as part of sustainability goals
- PIL & IBM step up their electronic Bill of Lading initiative
- Shippers & freight forwarders wary of IMO's 2020 global emissions regulations
- BMCT achieves vessel productivity of 155 moves per hour & monthly throughput of 50,000 TEUs
- Cabinet approves MoU between India & Russia on bilateral cooperation in roads, road transport
- New requirement for e-way bill
- Slowdown in global trade due to increasing protectionism will cause temporary setback to Indian exports, says FIEO President
- India-Singapore CECA enhanced
|OCTOBER 5, 2018|
- Seven major trends
- Argentina's first-ever LNG trucks to haul LNG
- Agility building in border triangle
- New freight car service centre in Russia
- Turkish Cargo and "Future of Logistics"
- RFID producer selects new CEO
- Combilift adds to Gazprom Amur GPP project
- Battalions of robots going into action
- Hupac on brink of third expansion phase
- Paperless in the Sultanate
- Haropaports - Le Havre trains foreign executives
- Circle prepares IPO
- Ceva increases collaboration with Saraiva
- "Curiosity of the Day"
- Partial resumption of rail traffic to/from port of Genoa
- Palau Registry takes a stand against corruption
- NCA back in Europe again
- Merger of Swiss air cargo interest groups
|OCTOBER 4, 2018|
- Drydock 'slip' costs growing concern for shipowners
- Investment ramps up in LNG bunkering and small-scale distribution
- Shipping CEOs back call to action for decarbonised future
- Exmar goes to Japan for sale and leasebacks
- Asia Maritime Pacific grows after Fenwick merger
- Stolt-Nielsen sees no improvement in chemical tanker market until 2019
- Seaspan to invest in offshore and LNG project as it diversifies from box ships
- Reefer boost ahead for container lines?
- PIL, IBM launch blockchain trial for electronic bill of lading
- Samkang M&T to fit scrubbers on DITAS tankers
- No bidders means Sungdong likely to be wound up
- SeaLand's path from retirement to rebirth to global reach
|OCTOBER 4, 2018|
- 'Good news' from Whitehall generates anger in logistics sector, yet again
- Seaspan diversifies as it steps in to take control and save Swiber
- Rising demand paves the way for new intermodal networks across SE Asia
- 747F operator loses business and calls for US to ease restriction on bigger cargo
- Brexit unease and driver shortage saps confidence among UK logistics firms
- FedEx brings out special bonuses to keep pilots from retiring
|OCTOBER 4, 2018|
- Shell and Sovcomflot complete milestone ship-to-ship LNG bunkering
- Avondale to have a new life as a global logistics hub
- Borr to activate four more
- Wärtsilä and Royal Caribbean extend long term service agreement
- Tug and Barge Solutions passes 100 vessel milestone
- Island Tug and Barge christens its newest ATB tug
- Industry leaders sign call for action on shipping decarbonization
|OCTOBER 4, 2018|
- Malta pays tribute to first women master mariners
Transport minister Ian Borg pledges empowerment of more women in maritime industry after hailing first five captains as trail-blazers
- Scorpio Bulkers secures further funding
The loan facility will increase Scorpio's liquidity by $28m after financing up to 60% of six ultramaxes
- DP World Southampton denies truck slot issues
Southampton's productivity problems and high stack levels are due to outside factors, not its vehicle booking systems, DP World says
- Shipowners confront growing compliance costs
Managing the total cost of operation (TCO) is fundamental to any successful shipping operation. In this article, drawing on Lloyd's...
- Slow steaming is 'most realistic' emissions curb, says Prokopiou
Greek owner wants answers as to why slow steaming has been left out of the IMO's emissions strategy, while dismissing...
- Box shipping rebalance slips further into the future
Poor economic conditions combined with tariff wars likely to delay carriers' return to profitability as costs escalate from low-sulphur rules
- Box shipping must look outside the box
Container shipping should look to more collaboration to maximise efficiency and should be open to digital tools to facilitate this
- UK exporters can expect customs intervention if Brexit means Brexit
Failure to comply with rules could result in delay, additional costs, legal action, or confiscation or destruction of goods
- Asia-Europe box numbers maintain downward trend
Year-to-date volume growth on the Asia-Europe trade through to the end of August stood at a measly 0.1%, while on...
- PIL and IBM to develop electronic bill of lading
Development is expected to significantly enhance the documentation process in supply chain management
- LNG bunkering to grow with newbuild orders
The conditions required for LNG to be readily adopted as a marine fuel are already in place
- Newport Shipping orders 100 scrubbers
The deal, which includes options for an additional 100 units, will safeguard shipowners against any price hikes or production bottlenecks...
- Royal Dutch Shell advances Canada's energy agenda
Canada is seeking to increase fossil fuel exports while nurturing its environmental credentials, with Royal Dutch Shell helping out on...
- Industry leaders commit to IMO's greenhouse gas vision
Maersk, Euronav, GasLog, Trafigura, Cargill and IRISL are among those who pledge to support the IMO in achieving at least...
- Viewpoint: Burning questions
There seems to be no way of tackling the sheer criminal and wilful ability of shippers, notably in the Far...
- Daily Briefing
Fuel suppliers seek to quell industry concerns |Singapore prepares for 2020 low-sulphur rules | Cyber theft and energy costs top...
|OCTOBER 4, 2018|
- JNPT intermodal rail improves efficiency in August
- Vancouver rail delays ahead of winter worry shippers
- Infographic: Chassis Splits - An unnecessary detour
- ODFL races to keep up LTL growth with facility expansion spree
- Nepal exporters tap Bangladesh's Mongla port
- Asia-Europe rail subsidies come with hidden costs to network
- Shipper suspicions of low-sulfur fuel adjustment costs mount
|OCTOBER 4, 2018|
- Norton: Retrofit costs led OSG to book newbuilding duo
- Washington studies US-flag tanker programme
MarAd mulls MSP-style programme to boost merchant marine and fill military needs.
- Tidemand and Teigen strike Belships merger
Agreement will create 16 vessel company with ambitious sponsors targeting further expansion.
- Marine paint maker Jotun's growth 'is not satisfactory'
- Nobu turns to 'vanishing' print medium for first book
- Unctad is right to warn of oligopoly threat from liner mergers
United Nations body shows common cause with developed nations' anti-trust authorities in concern over concentration of market power
- Shipowners beat bankers again in Hamburg match
- Sedgwick bulks up to cope with increasingly 'complex' claims
- Smaller vessels resilient amid big boxship gloom
Chartering sentiment has turned negative, but traditional panamaxes are holding up
- Costamare boxship scrapped for 'incredible' price
Panamax containership sold to India as $500 per ldt barrier breaks.
- Nissen orders feeder boxship quartet at Tsuneishi Zhoushan
Newbuildings ordered against long-term charters to Taiwanese liner giant Evergreen
- Boxship market creaks into life but prices stay sluggish
Signs of movement after quietest period in two years on the S&P front
- Flex boss: 'If we are going to do something, we do it big time'
New chief executive Oystein Kalleklev says the company is likely to seek a US listing as it gets ready to expand to tap a rising market
- Flex boss is straight-shooter who likes getting hands on
- Flex LNG steers into a burgeoning spot market after a year of transition
- BP Shipping floats DFDE LNG duo for sale
Dual-fuel diesel-electric ships offered up to the market with lure of a charterback deal
- Final three line up for Pavilion-Total LNGBV order
- Avenir partners eye up 20,000-cbm LNG carriers
- Yamal Trade orders kits for LNG transshipment
- Shipowners called up for Arctic LNG 2 newbuildings
Final vessel requirement and specs remain blurred but Russian shipbuilding content is added to the mix
- Lalim exits L&S to join Galbraith's
- Christen Sveaas takes full control of Norgas Carriers
- Eddie Steamship boss: 'I will not be next John Koo'
CC Hsu says one new ultramax is enough and he will not follow rival's mass move
- Mjolner fixes suezmax at bargain rate from GNMTC
- Norient MR period fixtures reflect hope in the market
Period rates remain largely stable and higher than spot earnings in recent months as many bet on a recovery in the depressed sector
- Jo Odfjell to stay in chemicals shipping
- Nord and Nissen team up to launch N2Tankers
German and Japanese shipowners are pooling crude aframax tanker fleets with operations to be run from Amsterdam and Singapore
- Fears rise that buyer's market for bulkers will hit asset values
With an abundance of supramaxes and panamaxes offered for sale, purchasers can be picky
- Montepio set to deliver ageing cruiseship Porto to Turkish shipbreaker
- Dalnave sheds last 1990s-built bulker
- Consolidation and scrapping required to override OSV slump
Following the roadmap of consolidation and fleet renewal to emerge from a depressed market, says Horizon chief.
- Customers must carry cost of IMO 2020, says Niels G Stolt-Nielsen
Shipowner says industry will go out of business quickly if additional expense can't be passed on.
- Troim says small-scale LNG ship sector 'ready to be taken'
Golar chairman speaks about his "passion for gas" but calls for somebody to revolutionise the sector.
- DNB's Bjerke on email password hack list
Norwegian PM Erna Solberg also targeted by online activists.
- Scorpio Bulkers banks $90m loan cheque
One existing and one new bank sign fresh loan for New York-listed shipowner.
- VLCC spot rates on upward curve at start of fourth quarter
Rise follows better than expected summer with major owners catching the upturn.
- Trafigura clinches upsized $1.95bn loan package
Trader and shipowner says new Asian credit facilities over-subscribed.
- Grounded "ghost ship" sinks off Myanmar
Ex-Djakarta Lloyd vessel submerged after failing to make it to breakers.
- Danske Bank faces US criminal probe
Investigation linked to Estonian money-laundering scandal.
- Drewry downs container demand forecast
Consultancy blames rising trade tensions and gloomier economic outlook.
- Palumbo takes control of Viktor Lenac yard
Italian group builds stake in Croatian shiprepairer to 82%.
- GC Rieber finds charter for OCV
Polar Queen booked for three months in two separate spells.
- VIDEO: Elite Marine cargoship sinks off Taiwan
Crew saved after tow of listing vessel fails near Penghu islands.
- More of Marinsa fleet said to be for sale
Turkish firm offers four supramaxes to interested buyers, in addition to two LR2s.
- Coeclerici sells self-unloader duo
- Shell bunkers first Sovcomflot aframax with LNG
First of Sovcomflot's 'Green funnel', LNG-fuelled aframaxes debuts in Rotterdam
- Clarksons Charity Day scoops record £80,000
- Stolt-Nielsen books strong quarter despite Avance Gas writedown
Oslo-listed owner pushes out tanker market recovery view after third quarter sums top forecasts.
- Saverys company Exmar strikes 10-ship leaseback deal
Full pressurized fleet sold to Japanese partners against six-year charters.
- New tanker rules lead to Bosporus blockages
Delays increase as Turkey requires ships to have pilot and tug escort.
- ExxonMobil eyes multi-billion LSFO refinery upgrade
Singapore plant will be able to convert other products into 2020-ready fuel.
- Industry chiefs sign climate change pledge at GMF
Bosses of Cargill, Maersk, GasLog and Euronav among those to sign call for action to hit IMO's target to cut CO2 emissions by at least 50% by 2050.
- Insolvent NES yard handed cash lifeline
German shipbuilder has secured operations for this month, with bosses upbeat over future.
- US net natural gas exports surge in first half of 2018
LNG chief driver with export capacity set to increase over next 12 months as more facilities come on-line.
- Candian pension fund takes control at Forth Ports
PSP Investments returns for second bite of UK port operator after first investment seven years ago.
- PSP Investments increases stake in Forth Ports
Canadian pension fund returns for second bite of UK company after first investment seven years ago.
- Adapt or die, warns NYK's Naito
Assets to be "liquefied" in most challenging situation company has faced in its 133 years, president says.
- Carsten Mortensen leaves DHT Holdings board
Former chief executive of BW Group resigns from six-member panel as capital markets veteran Anders Onarheim comes aboard.
- AG Shipping & Energy on tanker hunt
Mangish Kakodkar-led tanker player is interested in more vessel acquisition opportunities
|OCTOBER 4, 2018|
- Argentina's Pan American plans Vaca Muerta oil development
Pan American Energy, the second biggest oil producer in Argentina, plans to put into development a block in Vaca Muerta's oil well next year, shifting its near-term focus to crude as demand and infrastructure restrictions threaten to slow the growth of shale gas production, an executive said Thursday.
- Incoming Mexican administration evaluating continued light crude imports
Mexican President-elect Andres Manuel Lopez Obrador's transition team is analyzing whether to continue the light crude oil imports state-run Pemex will begin later this month, according to an economic advisor on the team.
- Oil market is well supplied, 'some would even say oversupplied': Falih
Saudi oil minister Khalid al-Falih Thursday said geopolitical tensions and speculators were behind the recent rise in oil prices to four-year highs, not collusion by OPEC and its allies.
- FEATURE: Bunker fuel sales on contract basis to rise approaching 2020
One of the factors is suppliers looking for a guaranteed outlet for their product, particularly 3.5%-S oil.
- Panama's July marine diesel sales increase 39.83% on year
Marine diesel fuel sales in Panama totaled 32,932 mt in July, up 39.83% from the year-ago month, data from the Panama Maritime Authority showed Thursday
- TANKERS: Key PG-China VLCC rate at 2018 high as Iran sanctions loom
VLCC demolition is also on an overdrive
- External: Marine Bunkering(Rotterdam)B.V.
- Average Brent oil price set to rise further next year: Platts survey
Concerns over OPEC's untested oil supply cushion has been fueling bullish market sentiment.
- TRADER NOTE: Naphtha trader Roy Kim joins Vitol Singapore
Kim was with his former company Trafigura for around three years
- TANKERS: First Platts-linked Aframax FFA on USGC-UKC route traded
The November 2018 futures contract traded at $16.6410/mt for 5,000 mt, and was cleared on Intercontinental Exchange Wednesday