|JULY 9, 2018|
- Asia-Europe rate down 0.5pc to US$881/TEU, up 0.6pc to USWC
- Trade war starts with 25pc tit-for-tat tariffs on US$68 billion in goods
- CMA CGM announces new rates for Asia-North Africa cargo
- HMM launches 11,000-TEUer - biggest ship with scrubber
- Japan's first LNG bunkering vessel starts in 2020
- CEVA expands major contract with tech customer
- IMO to use of digital oil books for Liberian ships
- White House seeks to bar China Mobile from US market
- India urges transshipments on east coast ports
- HNA chairman takes on firm's continuing 'liquidity challenges'
- Etihad Cargo launches supercar for high-end auto sector
- China's drone edge: Few regulations, huge online market
- Senator International offers air cargo to Mexico
- AirBridgeCargo expands with Budapest service
|JULY 6, 2018|
- CMA CGM to reshuffle its Asia-Middle East services
- Govt will give Rs 500 cr. to SCI to lease out cruises to promote cruise tourism: Gadkari
- Karunakar Shetty elected President of BCBA
- MOL to join research on advanced navigation support system for future autonomous vessels
- Skeiron Logistics eyes bigger pie of the market share with its new office at Delhi-NCR
- JNPT marks 29th Anniversary
- Kakinada Container Terminal successfully handles high parcel vessel
- Sabari Container Terminals celebrates 16 years of service
- Air freight continues to grow modestly in May
- Commerce Ministry mulls taking over Land Customs Stations
- South East CEO Conclave & Cargo & Logistics Awards 2018 brings the fraternity together to confer & acknowledge excellence
|JULY 6, 2018|
- Safety concerns intensify over pending IMO fuel standards
- The security pitfalls of crews' social media use
- Technical giant sets course for future maritime business
- Spliethoff ramps up scrubber investments
- Taiwanese tanker owner charged in connection with oil sales to North Korea
- Kawasaki HI wins order for Japan's first LNG bunkering vessel
- Rolls-Royce to sell marine business to Kongsberg
- Seatankers makes LNG play with DSME order
- AssArmatori aims to give Italian shipping an international voice
- FSL Trust enters loan agreements to refinance existing obligations
- At the helm of a divided Italian shipping industry
- Busan to get floating LNG bunkering terminal
- Italian flag stabilises after recent decline
|JULY 6, 2018|
- Container rates stable, but carriers still cutting capacity despite peak season
- SEKO dismisses Brexit fears and invests £5m in new logistics facility near Heathrow
- Market Insight: An opportunity for APMM to entice Hapag-Lloyd to join the family
- Analysis: Is the wind in the right direction for Amazon to snap up Atlas Air?
- China government set on total ban on scrap imports
- Beijing strikes back at Trump tariffs on $34bn worth of Chinese goods
|JULY 6, 2018|
- VIDEO: Damen to build five all-electric ferries for Copenhagen
- Japan's first LNG bunkering vessel set to start operations in 2020
- Kongsberg to acquire Rolls-Royce commercial marine business
|JULY 6, 2018|
- The Interview: Paddy Rodgers
The Euronav chief executive has completed some of the largest deals in shipping this decade to push the Belgium-based tanker...
- Greece's LNG push continues with Marinakis carrier deal
Capital's letter of intent for 10 vessels with HHI follows adds to Greek influx in the market
- Why we should not be surprised RR Marine went to Kongsberg
Scandinavia has a history of maritime innovation, which made it a perfect fit for Rolls-Royce Marine
- The Lloyd's List Podcast: Markets outlook and the Trump effect
Listen to the latest edition of Lloyd's List's new weekly podcast - your weekly briefing on the stories shaping shipping...
- Capes continue to bask in the sun
Bullish runs of capes can last well into late 2018 as tonne-mile demand hits record high
- Ice-breaking LNG carrier makes first eastwards voyage from Yamal LNG
Ice-breaking liquefied natural gas carrier jointly owned by MOL and Cosco will arrive at China's Rudong terminal in Jiangsu on...
- The Alliance drops transpacific loop
The Alliance ascribes cut in services to altered schedules, extensive product changes and cost cutting
- World boxship fleet growth continues
Idling creeps up as demand for boxships slows ahead of summer peak season
- Five risks to check: LPG shipping
Owners face obstacles on the journey to freight recovery as trade growth remains lacklustre
- Spliethoff to fit 30 more vessels with scrubbers
The Dutch-based owner has already fitted 24 of its vessels with scrubbers since 2012
- Box shipping nearing 'inflection point'
Maersk set to benefit as rates recover
- CLS orders Japan's first LNG bunkering vessel
The bunkering unit will be owned and managed by Central LNG Shipping Japan Corporation
- Seatankers orders debut LNG carrier at DSME
The 173,400 cu m carrier will be delivered in 2020
- Managing maritime logistics in the cyber age
Maersk is making a major change in the way it deals with its shipper customers but there are risks associated...
- Daily Briefing
Customer focus and modernisation can see off all challenges, Lloyd's chief tells marine insurers | Bullishness in LNG is justified...
- Cosco Shipping plans sale of $947m OOIL shares to restore public float
The Shanghai- and Hong Kong-listed group eyes sale of up to 94.49m OOIL shares
- Rolls-Royce agrees sale of commercial marine unit
Rolls-Royce announces it has signed an agreement to sell its Commercial Marine business to Norway's Kongsberg, for an enterprise value...
- Bangladesh enters the second phase of IMO ship recycling project
Phase II initiated during IMO Executive Committee meeting in Dhaka, Bangladesh where representatives of both the IMO and the Ministry...
- Aegean Marine signs $1bn financing deal with Mercuria
New York-listed Greek shipping fuel company has reached a financing deal with Mercuria under which the energy trading group will...
- FSL secures $108m loan facility to refinance debt
Any balance outstanding debt will be paid by its internal resources, the trust said.
|JULY 6, 2018|
- UPS order shows CNG-powered rigs still trucking in electric age
- Trans-Pac spot rates surge amid another service cut
- Carriers eye higher prices on reefer demand, tighter capacity
- Reefer stakeholders demand better tech, customer service
- US shippers question effectiveness of shorthanded FMC
- More ad-hoc ship calls put PSA's JNPT terminal on growth track
|JULY 6, 2018|
- Pistiolis trusts up TopShips stake
Family Trading grabs one-third of Evangelos Pistiolis-led tanker owner in one swoop while two other family trusts raise their stakes.
- Cosco eyes secondary sale of OOIL shares
Chinese boxship giant says it may bring in other public shareholders in its takeover of OOCL parent.
- Jefferies expects tough quarter for Maersk
Equity research analyst says bunker prices will likely push world's largest shipowner into the red again.
- Royal Caribbean takes out $700m loan
Miami-based cruise major will put proceeds toward $1bn stake in Silversea Cruises.
- Naftomar confirms second-hand VLGC buys
Greek owner looks to expand on the large vessel side with second-hand acquisitions and newbuildings.
- NS United sells one of its oldest capesize bulkers
Japanese shipowner NS United has taken a fleet renewal step with the sale of one of its oldest capesize bulkers, shipbrokers say. A Greek owner is believed to have purchased the 184,900-dwt NSS Fortune (built 2003), but the identity of the buyer has yet to be confirmed. Greek owner Soloi tied to bulker buy There is plenty of chatter about the pricing of the Mitsui Ichihara built vessel. Some
- Spliethoff to install more scrubbers on fleet
Diversified heavylift and MPP shipowner to have about half its fleet covered with scrubber use.
- Mexico star Lagunas lights up landmark Marine Challenge Cup
Regulars at the Marine Challenge Cup have come face to face with some top players during its 20-year history. Former England internationals Shaun Wright-Phillips and Robert Lee have previously faced off against shipping's finest at the annual five-a-side football tournament in London. Redemption time for Skuld as it triumphs at Marine Cup At this year's event, it was Natalie Lagunas who caught
- Refloated Thorco Lineage towed into port
Thorco vessel that grounded on Pacific reef now faces tow to Australia.
- Tidemand turns down family in favour of Teigen deal
Sverre Tidemand rejects takeover offer from his nieces to team up with Norwegian shipowner Frode Teigen.
- DNB Markets sees VLCC resale prices passing $100m
Projected rise in values comes amid an increase in target prices for top owners.
- Aframax delayed by protesters hanging from bridge
Eastern Pacific tanker held up as seven people mount "aerial blockade" in Canada.
- Reed Smith: $1bn DB deal just the start
Global law firm says marine portfolio sale cements its position in ship finance.
- Klaveness, Kongsberg team up on plastics mapping
Norwegian owner and technology company aiming to study distribution of waste in oceans.
- Hunter close to finishing line in subsequent offering
Arne Fredly's Hunter is nearing the finishing line with a subsequent offering. The Oslo-listed VLCC asset play vehicle is seeking to raise NOK 52m ($6.2m) from the move. It is working with Clarksons Platou Securities, DNB Markets, Fearnley Securities and Pareto Securities. The book on the share issue is set to close today.
- Japanese partners order LNG bunker vessel
K Line, NYK, Chubu Electric and Toyota Tsusho dive in with newbuilding for domestic trades
- Hyundai Heavy stock spikes after Marinakis LNG carrier deal
World''s largest shipbuilder sees stock pick up on near $2bn LNG carrier contract.
- KfW IPEX-Bank fixes $920m of Carnival finance
German lender heading syndicate funding new cruiseship at Meyer Werft.
- Kongsberg buys Rolls-Royce marine unit in $662m deal
Norwegian group expands with takeover expected to close next year.
- MISC secures 16-year offshore contract from Hess
Malaysian shipowners buys FSO ahead of bareboat deal that is worth $441m.
- WWL buying Syngin Technology for $22m
Car carrier group taking over US vehicle logistics company.
- Sembcorp ups Sevan Marine offer to $39m
Singapore yard group pays for exclusivity as it bids to buy gas business.
- Tanker damaged, fuel leaks after pier collision
Columbia vessel forced into Pemex structure by bad weather in Mexico.
- VTD Exploitation vessel released after bunker bill paid
Singapore admiralty sheriff sets free a Vietnamese-flagged general cargo ship.
- Fredriksen's Seatankers inks LNG order at DSME
John Fredriksen's bulker and tanker company signs up for an LNG carrier at DSME.
- BC Ferries preps for big order
Canadian operator decides that it is time to replace five of its older ferries.
|JULY 6, 2018|
- USTR details China tariff product exclusion process
The Office of the U.S. Trade Representative (USTR) on Friday afternoon published details on how companies and the general public can go about getting certain products excluded from the long list of Chinese goods now subject to additional import duties.
- Compliance 360: Abolishing ICE would hurt trade enforcement
As some lawmakers call for getting rid of Immigration and Customs Enforcement (ICE), they should be mindful of how such an action would impact trade enforcement and legitimate commerce in the United States. In fiscal 2017, ICE and U.S. Customs and Border Protection made over 32,000 seizures involving counterfeit goods totaling an estimated value of more than $1.2 billion, according to a May 2018
- CK Hutchison eyes small stake in OOIL
A unit of the world's largest operator of container ports, CK Hutchison Holdings, and other investors may purchase shares in Orient Overseas (International) Ltd. (OOIL) as part of COSCO Shipping's acquisition of the Hong Kong-based company's container carrier Orient Overseas Container Line (OOCL).
- Transportation, logistics job bounceback continues
Hiring growth at U.S. transportation and logistics companies continued in June after slowing significantly in April. Firms added another 15,400 jobs for the month following revised increases 17,600 and 2,400 positions in May and April, according to the latest preliminary data from the U.S. Department of Labor's Bureau of Labor Statistics (BLS). The April slowdown followed three consecutive months
- China 'forced to make the necessary counterattacks'
The United States on Friday officially adopted tariffs on a long list of on goods produced in China, prompting swift retaliation from Beijing.
- Spot container rates down from last year
The Shanghai Shipping Exchange's Shanghai Containerized Freight Index, which estimates spot container rates from Shanghai to 13 regions around the world, slipped 0.5 percent from last week's overall reading of 821.18 to a reading of 817.40.
- Military veterans eyed for interstate trucking pilot
The U.S. Transportation Department has initiated a pilot program to allow 18-20 year old men and women who hold a U.S. military equivalent of a commercial driver's license to operate large trucks across state lines.
- Driver charged with manslaughter, HOS violations
The U.S. Department of Transportation's Federal Motor Carrier Safety Administration has declared New Mexico-licensed commercial driver Evaristo S. Mora to be an imminent hazard to public safety and has ordered him not to operate any commercial motor vehicle in interstate commerce.
- Rolls-Royce selling marine business to Kongsberg
Rolls-Royce said Friday it has signed an agreement to sell its commercial marine business to Norway's Kongsberg for an enterprise value of 500 million British pounds (U.S. $663 million), and that it will net around 350 million to 400
|JULY 6, 2018|
- FUTURES 5: Crude mixed as jobs report, tariffs weigh on market
Crude futures were mixed Friday, causing the ICE Brent/WTI spread to narrow sharply, as a solid US monthly jobs report was offset
- Yamal LNG's carriers pass Northern Sea Route in 9 days on way to China
Russian Novatek-led Yamal LNG project has sent two Arc7 ice-class LNG carriers destined to China via the Northern Sea Route
- Gazprom Neft launches new icebreaker to access Arctic oil fields
Russian oil major Gazprom Neft has launched a new icebreaker, the Alexander Sannikov, to support tankers going from
- ARA fuel oil stocks fall on liquid 3.5% FOB Rotterdam barge market
Fuel oil stocks in the Amsterdam-Rotterdam-Antwerp hub fell 7% in the seven days to Wednesday to 1.508 million mt
- Commodity flows set to change as China-US trade war moves up a notch
The US on Friday implemented an additional 25% tariff on $34 billion worth of Chinese goods.
- Ocean Intelligence upgrades Aegean's credit score after agreement with Mercuria
The MOU with Mercuria is very encouraging, OI said.
- FUTURES 1: Crude lower on US stock build, OPEC output increase
Meanwhile, according to a survey of industry officials, analysts and shipping data, OPEC's output in June stood at 31.99 million b/d, up 90,000 b/d from May.
- OPEC/non-OPEC advisory panel to meet July 18, amid quota dispute
The meeting is the first step towards reallocating production quotas in the OPEC/non-OPEC supply accord.
- Saudi Arabia boosts production in June to highest since Dec 2016: Platts survey
However, the kingdon's gains were offset by turmoil in Libya and continued declines in Venezuela and Angola.