|NOVEMBER 9, 2018|
- Nine carriers and terminal operators to establish block chain system
- OOCL expands to New Zealand with North Asia Express starting January 1
- ICS chairman calls for greater regulation of seafarer training from UN
- Port of Hamburg plunges ahead towards a more fully digital operation
- Georgia's plans focus on boosting ro/ro handling capacity for vehicles
- Reducing ship speeds helps ease stress of noise pollution on marine animals
- Accounting giant KPMG cheers UK's massive national roads funding hike
- India's Container Corp achieves profit in Q2 FY19 on bigger market share
- Canada crude collapses amid lack of rail cars in Alberta to move oil exports
- Cathay Pacific data breach probed by Hong Kong's Privacy Commissioner
- JD.com starts dedicated air cargo operation to increase delivery reliability
- GlobalBeacon said to meet latest ICAO airline flight tracking standards
- DSV withdraws offer to buy CEVA Logistics' shares at US$30 a piece
- Supply chain requires data, intelligence sharing among multiple parties
|NOVEMBER 9, 2018|
- A reliable place
- Eastern Med moves farther East
- Canada: new shipping records for grain and biofuels
- Espo's old and new chairman confirmed
- Hub Group snapping up Casestack
- Virgin doubles South Africa cargo capacity
- Over 400 freight trains to/from Asia dispatched
- 1,000 reefers ordered by Textainer
- Hapag Lloyd: more volumes, results move sideways
- Fashion retailer digitalising supply chain with Setlog
- Uni Carriers Europe appoints sales & marketing EVP
- Ownership change for two US short line railroads
- LOT's most modern aircraft celebrate Polish independence
- Green Cargo welcomes new CEO
- Interroll equipment for shoe manufacturer
- Favourable course for Finnlines in 2018
- More trains between Kazakhstan and Finland
- "Curiosity of the Day"
- Small airport in southern Italy with big cross-border plans
|NOVEMBER 8, 2018|
- Paolo d'Amico takes over as CEO at loss-making DIS
- Iranian sanctions set to drive US LPG exports growth to Asia
- Lloyd's sees another syndicate walk away from marine
- Yangzijiang eyes LNG sector via Mitsui JV
- Hapag-Lloyd climbs into the black
- LSFO the way to sulphur cap compliance, says Precious Shipping chief
- Seoul responds to shipbuilding row with Japan
- Norden sees end to 'worst tanker market in a decade'
|NOVEMBER 8, 2018|
- London Gateway wins 2M Asia-Europe service as Maersk tries to reduce 'unexpected disruptions'
- Hapag-Lloyd's third-quarter turnaround sees it steam back into profit
- Logistics must attract a more diverse workforce, or lose out on 'good minds'
- Shareholders soften stance as Wincanton enjoys stronger results and new chair
- TSA allows third parties to certify sniffer dogs for air cargo screening
- Market Insight - DHL Global Forwarding back with a bang: could an IPO be its next move?
- Magnetic reefer device launched by Orbcomm to help carriers monitor third-party units
|NOVEMBER 8, 2018|
- Damen ASD Tugs 3212 go to work for Smit Lamnalco in Australia
- VT Halter Marine launches Bouchard ATB tug
- Federal grand jury indicts captain of deadly duck boat
- New Wärtsilä system helps big ships enter tight locks
- Nichols Brothers to build tractor tug series for Foss Maritime
- Keel laid for America's first zero emission ferry
- J-ENG LP-SCR now in service in 600 TEU containership
- Navy issues RFP for OSV and conversion to range support vessel
|NOVEMBER 8, 2018|
- Aegean Marine creditors move to block 'loan-to-own' strategy
The group of creditors calls for an extensive investigation into Mercuria's "undue control" and "bad faith conduct," which they say...
- Tech start-ups face challenge to provide shipping solutions
While their software tools can help with complex bunker procurement and other processes, it's a chicken-and-the-egg situation as shipping companies...
- Concordia Maritime chief sees tide turning for tankers
After many quarters of dismal rates, Concordia is finally seeing a turnaround in the tanker markets, for the better
- Norwegian oil terminal shuts after ships collide
The tanker, owned by Tsakos Energy Navigation, was reportedly carrying 625,000 barrels of crude oil
- Lloyd's List's Hong Kong seminar adds speakers
New speakers include Vincent Lai, chief executive of Landbridge Holdings, and Deepak Saxena, part of Kerry Logistics' management team
- Paolo d'Amico named to senior roles at Intertanko and DIS
Mr d'Amico has also been appointed chief executive of d'Amico International Shipping
- Viewpoint: We shall - and should -remember them
An extraordinary book published recently offers a more intimate picture of the merchant seafarer's war
- Genco sells older tonnage as it swings to profit
US-based company has bought six vessels in recent months and hopes to complete the sale of five bulkers in total...
- Safe Bulkers earnings climb on improved charter rates
Safe Bulkers has agreed a number of loan amendments and refinancings, resulting in pushing back about $132m in balloon repayments
- The global sulphur cap is about attitude, not technology
While the Copenhagen shipping community is fully behind the date and the process of IMO 2020, there are many in...
- Ardmore sees wider losses amid weak charter market
The outlook remains positive for MR tonne-mile demand, said the company's chief executive, who cited oil consumption growth, refinery expansions...
- V.Group launches innovative crew management app
Shipmanagement group believes it will help raise crew retention rates and provide a competitive advantage
- Hapag-Lloyd doubles profit in third quarter
Rising bunker costs lead to a large increase in Hapag-Lloyd's cost base only partially offset by increased liftings during the...
- Daily Briefing
Liner carriers cannot foot the bill for IMO 2020, says Saadé | Aegean warns stock may be worthless after restructuring...
|NOVEMBER 8, 2018|
- JNPT's October productivity gains boost year's performance
- US shippers can reset supply chains clocks to gain truck capacity
- Injection lifts Turvo to top VC funding sphere
- Hapag-Lloyd's swing to profit eroded by higher fuel costs
- When will trans-Pacific space and spot rate pressure ease?
- Forwarders urged to fend off triple threat with technology
|NOVEMBER 8, 2018|
- Pangaea's results improve in better market
Ed Coll-led bulker owner benefits from ability to move cargo through icy waters.
- Economou control of Dryships strengthens with buyback
- Royal Caribbean breaks earnings record
New York-listed cruise major sees record revenue off of strong summer but misses Wall Street consensus.
- Concordia Maritime to 'hedge' IMO 2020 fuel price spread
The Swedish tanker owner is staying away from scrubbers as it expects cost difference between HSFO and LSFO to close over time.
- US Coast Guard warns of GPS outages near Suez Canal
- Spring Marine aframax links off the mark
- The darker side of shipping is never too far from the surface
Two events - the collapse of a bunker giant and allegations about the scuttling of a tanker - suggest the industry's reputation for intrigue is well deserved
- Coal billionaire Du back in Sinochem takeover twist
Tycoon's shock re-emergence after an absence of several months revives impetus for sale of chemical tanker subsidiary
- Eisbeinessen celebrates 70th birthday in traditional style
- Lines cash in as tariffs trigger a transpacific rates boom
Operators hike rates and deploy bigger vessels as shippers rush to beat deadline for US action on Chinese imports
- Mercuria takes centre stage after Aegean Marine goes into Chapter 11
Swiss commodities and energy group lends funds to keep bunker company going while sale or restructuring can be organised
- Pacific MR rates set to lift on fresh Chinese export quotas
Exports could boost MR tanker rates in the Pacific trades, which have been under-performing Atlantic markets
- Scrubber financing provides fresh headache for owners
Financial security challenge means loans do not come easy, and may not come at all for smaller owners who cannot fall back on a loyal lending group
- KG fund relaunch reflects confidence in MPP sector
- Thenamaris launches first Asia office in Singapore
- Greek owners lead boxship scrapping
- Hapag-Lloyd charter spree cheers up major owners
Seaspan, Danaos and Capital Maritime secure long-term deals with German boxship giant
- Hyundai Heavy Industries appears to dodge US sanctions over IRISL newbuildings
Seven vessels from a $650m, 10-ship order made in 2016 are on Washington's sanctions list
- Capital Gas keen on LNG newbuilding options
- Cargo storage play confuses market
- Fearnleys spells out 2022 shortfall for LNG shipping
Broker says shift to multi-month contracts shows some charterers have been caught out by this quarter's stellar charter rate hikes
- NYK LNG carrier earmarked for FSU role in Ghana project
Moss-type vessel is named as the preferred candidate for a job in West Africa
- Trump's trade war hinders Delos gas carrier newbuilding orders
China's retaliatory tariffs have put a $1.5bn very large ethane carrier deal in doubt
- IOPC holds 40th birthday gala at IMO
- Indian yards miss out on latest list of EU-approved recyclers
US, Turkish, Danish, Finnish and Italian facilities get green light to scrap European ships
- Icon selling its only suezmax
- NGM locks aframax tankers into one-year time charters
- Horizon linked to purchase of pair of DHT aframaxes
- Bihar International offloads older ships ahead of fleet renewal plans
Saudi-owned tanker company sells another product carrier as it keeps an eye on the newbuilding market
- Seven Islands scraps two veteran tankers
- Aegean Marine on verge of collapse before fraud revealed
- Vitol puts second VLCC into Tankers International pool
- US imports from Venezuela a tonic for tankers
Crude and product tanker shipments are booming in contrast to the South American country's dealings with China
- Polaris sends another VLOC veteran to the scrapyard
- Dship Carriers plots further vessel buys of newbuilds and secondhand tonnage
- Novellas Union tanker freed after fuel arrest
Joint venture between hedge fund and Union Maritime wins release of vessel from arrest in Texas by bunker supplier Integr8 Fuels
- Fiori set for quick comeback as d'amico departure date nears
Italian executive suggests he will not be away from shipping for long.
- Mermaid narrows loss on lower costs
Chalermchai Mahagitsiri-led company sees slightly lower revenue amid competitive rate environment.
- Concordia Maritime rejects lure of scrubbers
Swedish tanker owner believes there will be plenty of LSFO to go around.
- Spring Marine snaps up Hansa Treuhand aframax
- d'Amico takes Intertanko chair and expands role at DIS
Third generation shipowner succeeds Nikolas Tsakos at association and Marco Fiori at Milan-listed company.
- MOL ordered to pay Total after VLCC accident halted voyage
Landmark appeal ruling widens owners' obligations regarding "utmost despatch" despite tanker suffering water ingress in Suez Canal.
- Reach charters Topaz subsea newbuilding
Vard vessel will be upgraded with battery packs in long-term deal.
- Shipowing investment returns on the rise at Wilhelmsen
Wallenius Wilhelmsen and Glovis profit shares boost Oslo-listed company.
- Commerzbank sheds $3.5bn of shipping loans
German lender's asset recovery unit posts profit as problem portfolio slashed.
- Equinor books Solstad PSV for up to four years
Norwegian major secures Normand Skipper with two firm years and two of options.
- Angelicoussis snaps up pair of suezmaxes at Daehan
Maran Tankers adds newbuildings originally ordered by Norway's Faerder Tankers to its fleet
- Navy ship takes on water after Tsakos aframax collision
VIDEO: Seven minor injuries reported after clash off western Norway that left frigate at risk of sinking.
- Subsea 7 vessel use highest since 2014
OSV owner sees positive momentum in tendering activity.
- Avance Gas could convert ships to LPG fuel
VLGC owner also likely to use scrubbers and LSFO as it evaluates how to meet IMO 2020 rules.
- Rate recovery helps to double Hapag-Lloyd profit
Higher volumes, better vessel utilisation and synergies from UASC merger also contribute to better result.
- Bourbon expects OSV rates to be "persistently low"
Market still affected by over-capacity, French owner says.
- Schulte veteran John Freydag moving on
An established ace on the Schulte Group's container desk is leaving for pastures new.
- Navig8 Chemical Tankers shareholder looks to offload stake
Pareto Securities retained by investor to offload up to 5.1m shares in OTC-listed shipowner.
- Ezion Holdings sees financial performance deteriorate
Lower charter rates and utilization continue to take their toll at Singapore listed company.
- Kreuz Subsea mobilizes for two year India contract
Deal will see private equity-backed company inspect offshore jackets off Mumbai for ONGC.
- Safe Bulkers improves profit but misses estimates
New York-listed bulker owner sees higher revenue on higher charter rates and increase in average number of ships.
|NOVEMBER 8, 2018|
- Hapag-Lloyd earns nearly $130 million in third quarter
Company sees an improving supply-demand balance for container shipping.
- Commerce sets final duty rates in aluminum case
The next phase of the investigation is for the ITC to make its determination on whether imports of common alloy aluminum sheet from China injure U.S. industry.
|NOVEMBER 8, 2018|
- Growing support for US effort to get Iranian oil exports to zero: Pompeo
Secretary of State Mike Pompeo said Thursday there is growing international support for the US campaign to push Iranian oil exports to zero.
- Ukraine's October transit of Russian oil down 21% on year
Ukraine's transit of Russian crude oil for export to Europe decreased by 21% year on year to 1.234 million mt in October from 1.558 million mt shipped in October 2017, the state oil shipper UkrTransNafta reported Thursday.
- Iraqi Gulf export terminals resume normal operations after weather-related delays
Iraq southern crude terminals on the Persian Gulf are operating as normal after bad weather reduced exports by 76% across three days earlier this week.
- Japan's Inpex to ship first Ichthys plant condensate in December
Japan's Inpex will ship its first cargo of plant condensate from Australia's Ichthys LNG project in December, the company said Thursday.
- Norway tanker collision disrupts Oseberg, Grane crude oil loadings
Norway's state-controlled Equinor said Thursday it was suspending operations at the Sture oil terminal and adjoining Kollsnes gas plant after a tanker crashed into a Norwegian frigate, disrupting loadings of Grane and Oseberg crude.
- Equinor restarts Sture crude terminal, gas plant, after shipping collision
Norways state-controlled Equinor on Thursday resumed operations at the Sture terminal, loading point for around 15% of the country's crude, and the adjoining Kollsnes gas plant, after an oil tanker collided with a Norwegian frigate close to the terminal, it said.
- ANALYSIS: Robust fuel oil, diesel markets dominate rest of the barrel
The physical oil markets in Europe are experiencing some bewildering changes with both fuel oil and diesel crack spreads surging to recent highs.
- Norway proposes scrubber ban, 0.1% sulfur bunker limit in fjords
The Norwegian Maritime Association has proposed prohibiting ships from using exhaust gas cleaning systems, or scrubbers, or burning fuel containing above 0.10% sulfur in the West Norwegian Fjords.
- Singapore ex-wharf bunker premium rises to six-year high amid tight supply
The Singapore ex-wharf 380 CST bunker fuel premium over the Mean of Platts Singapore 380 CST high sulfur fuel oil assessment rose to a six-year high of $17.82/mt at the Asian close on Wednesday, S&P Global Platts data showed.
- Tight European FO availability could hamper arbitrage to Singapore
European fuel oil has been bled dry by hefty Singapore requirements and, with the 380 CST east-west spread continuing to spike, it is unclear how long this arbitrage can be sustained before resupply for the city state has to be sourced from elsewhere, according to traders.
- ARA fuel oil stocks surge 33%, NWE remains tight: PJK
Fuel oil stocks in the Amsterdam-Rotterdam-Antwerp hub surged 33% in the seven days to Wednesday to 1,258,000 mt, according to data from PJK International released Thursday, on a lack of departures east this week, but demand remained strong and tight availability continued to plague the region.
- External: Praxis Energy Agents DMCC
- External: Marine Bunkering(Rotterdam)B.V.
- External: Global Risk Management
- Pressure builds for OPEC cuts ahead of key output talks
The short-term supply picture has eased of late.
- INTERVIEW: 0.5% and 3.5%-S bunkers spread could reach $400/mt in 2020 : consultant
The exhaust gas cleaning systems ordering curve will flatten out shortly after 2020, Mortensen said.
- International Seaways, Ardmore offer divergent scrubber strategies
International Seaways' marine exhaust scrubber systems would be supplied by Clean Marine of Norway and Hyundai Global Service will install them.
- TANKERS: Tanker companies look to switch LR2s into dirty market on rate strength
Ardmore is planning to only switch older tonnage over to the Aframax sector, Gurnee said.