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18 October 2018 The on-line newspaper devoted to the world of transports 16:18 GMT+2




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Sched Netweb site
OCTOBER 10, 2018
  • Maritime CEOs rally behind IMO efforts to de-carbonise world shipping
  • Shenzhen Qianhaiwan Free Trade Port readies as LCL transshipment hub
  • Four Asian expat cleaners found dead aboard ship in Oman's Port of Salalah
  • US-China's ongoing trade row spells trouble ahead for Hong Kong
  • Carriers' marine fuel cost recovery methods 'unfair' say shippers
  • JP Morgan downgrades China stocks, expects 'full-blown trade war'
  • Court ruling permits Michigan consumers to order wine from other US states
  • Kuehne + Nagel Indonesia ties up with Wira to strengthen online role
  • New York port development agency join to expand local barge service
  • Volga-Dnepr flies relief to Guam to aid Typhoon Mangkhut victims
  • Delta Cargo launches GPS-enabled time-sensitive cargo service
  • Malaysia Airlines chairman to leave post by year-end to focus on pilgrims

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Exim Indiaweb site
OCTOBER 9, 2018
  • 'SAL will continue offering enhanced services to the Indian trade'
  • APL Eagle GO Guaranteed service extended to all ports in Asia & Middle East
  • BIMCO kicks off its first advisory panel in Asia
  • Cargo owners in North America breathe a sigh of relief after US & Canada sign last-minute trade agreement
  • Maersk accelerates innovation in shipping & logistics
  • Trade tensions seen impacting container demand
  • Oilmeal exports up
  • Port of Rotterdam Authority tests autonomous navigation with a floating lab
  • IIFF starts Distance Learning Course admission for 2018
  • All's not good for exports with INR depreciation: FIEO President
  • India projected to have the highest growth rate among major economies

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International Transport Journalweb site
OCTOBER 10, 2018
  • International and private
  • Upgrades to Chicago's rail connection
  • Hapag-Lloyd introduces fuel factor in pricing
  • Pallet repair centre now fully automated
  • RZD intends to quadruple freight transit business
  • Finnair Cargo braves storm in September
  • Wardle to drive Virgin's digitalisation programme
  • More digital payment services in ARA region
  • Dachser Switzerland with new head of sales division
  • 3PL sets up shop in Cologne
  • GDP certificate for Dnata facility in Zurich
  • More services across Europe
  • APL pushing service even further
  • CFO for Nautilus selected
  • "Curiosity of the Day"
  • Transplace buys Yusen's intermodal/freight brokerage group
  • New Zealand: Kiwi resumes daytime freight trains
  • Strengthening ties between China and UAE

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IHS Maritimeweb site
OCTOBER 9, 2018
  • Salvors struggle to separate Med collision ships
  • Bomin rejects talk of bunker business exit
  • Rupee slide, weak steel prices hurt Indian shipbreaking
  • BW LPG ends Dorian courtship with 'Dear John' letter
  • Australian LNG story to boost LPG shipping
  • Tototheo Maritime CEO takes the long view when focusing on the bottom line

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The Loadstarweb site
OCTOBER 9, 2018
  • Anger in Europe as state subsidies for South Korean carrier HMM soar
  • Transplace buys Yusen Logistics' North America intermodal business
  • Delta and Cathay race to offer end-to-end tracking for air cargo customers
  • Analysis: is DSV ready to move on Damco's freight forwarding business?
  • New era of free trade leaves Mexico more isolated
  • Hapag-Lloyd orders 8,600 new reefer containers from MCI

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Marine Logweb site
OCTOBER 9, 2018
  • Gondan launches powerful hybrid icebreaking escort tug
  • French court charges U.S. master and Carnival with sulfur violation
  • American Cruise Lines' new modern riverboat starts inaugural voyage
  • Ørsted to acquire Deepwater Wind for $510 million
  • USCG and FDNY respond to tanker disabled by engine room fire
  • PG Flow Solutions BWTS picked for live fish carrier

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Lloyd's Listweb site
OCTOBER 9, 2018
  • More room for consolidation in chemical tanker sector
    Chemical tanker owners see plenty of room for growth
  • Shipping receives boost from new gas projects
    Japan's LNG consumer Jera is looking into floating storage to weather fluctuations in price
  • Dry bulkers see no effective fleet growth in 2019
    Dry bulkers expect high rates for many years
  • Hull rates hardening in Asia too, says Chandan
    IUMI committee chair is confident marine insurers will be able to handle any sulphur cap hiccups
  • Genco to install scrubbers on 17 capesizes
    The dry bulk owner has options to install scrubbers on another 15 vessels and expects each scrubber to cost around...
  • Globus Maritime announces reverse stock split
    The stock split will take effect at market opening on October 15
  • Sinopec offers owners straight-run compliant fuel, sources say
    The offered fuel is a residue from the distillation of higher quality crude oil. Sinopec is in negotiations with owners...
  • Twill launches in Germany
    The launch in Germany closely follows the decision for the Maersk subsidiary to realign its brand affiliation from Damco to...
  • Maersk fund invests in US digital freight broker
    Maersk Growth joins Oaktree, Connor Capital and Chromo Invest in series A funding for New York-based digital freight forwarding start-up
  • Japan pushes for EEDI changes
    The third-biggest shipbuilder wants to see 40% more efficient large containers built after 2022 and change the reference line for...
  • More orders as carriers compete for market share
    More containership orders are likely as lines compete for market share and political interference hurts carriers' efforts to reach equilibrium
  • Chelsea Logistics bids to develop Sasa Port
    Project revived after being shelved in 2016
  • Hahn & Co completes SK Shipping deal
    Analysts see dry bulk business as first in line to be pruned
  • Sponsors of 2020 paper move to counter 'misconceptions'
    The statement from BIMCO, Intertanko and the Marshall Islands says the co-sponsors of the paper are fully committed to a...
  • Hapag-Lloyd places major reefer order with Maersk
    MCI has commenced production of the 8,600 units at its Qingdao manufacturing plant
  • APL's Sartini confronts the Pacific paradox
    Next year's contracting season will be a testing time for carriers with no compromise on surcharges, says APL's Nicolas Sartini
  • Trafigura agrees partnership with IFM Investors
    Trafigura and IFM will jointly own and operate concentrates terminal infrastructure, fluvial operations, and global freight forwarding and multi-modal transportation...
  • Daily Briefing
    Hapag-Lloyd spells out low-sulphur charging mechanism | Global box growth comes to a standstill | BW LPG withdraws Dorian offer...
  • India opts to buy Iranian crude despite US sanctions
    New Delhi and Tehran have reportedly discussed using Indian rupees rather than US dollars for purchases

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The Journal of Commerceweb site
OCTOBER 9, 2018
  • US shippers accelerate peak plans, post UPS-Teamster vote
  • Near-record US imports forecast through year's end
  • US Gulf Coast ports close ahead of Hurricane Michael
  • Analysis: It's all about the cube, US LTL carriers
  • Maersk launches India supply chain tech accelerator
  • Distrust may push more shippers to develop own low-sulfur BAFs

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TradeWindsweb site
OCTOBER 9, 2018
  • Scorpio Tankers in market for $250m equity raise
    Owner seeks funding cushion to ride out tepid products stretch.
  • Okeanis operations chief buys more shares
    Latest swoop brings Aristidis Alafouzos' share count to 12,800, reflecting a nearly NOK 1m stake.
  • Drop the Mike? Not this year
    Wells Fargo analyst Webber sails home with his fourth consecutive title as shipping's top equity analyst.
  • China's demand can support US LNG projects-but indirectly
    China's strong LNG demand growth can tighten global balances, leading to other demand sources for US LNG, according to Venture Global LNG founder Michael Sabel
  • Shipping's lost year in US equity market
    Bankers seek to explain why investors have brought the pain to sector's "growing pains" experience in New York.
  • JERA wants more storage in LNG supply chain
    Japanese energy firm optimises vessel operation to create the effect of "floating storage" while bringing two tanks in Tokyo Bay online, says chairman Hendrik Gordenker.
  • Genco waiting on IMO 2020 fuel spread
    Chief executive John Wobensmith wants to see price spread between high-sulphur and low-sulphur fuel oils settle before ordering beyond 17 scrubbers.
  • Novatek looks to flip its Arctic shipping disadvantage
    Russian Arctic LNG producer aims to turn freight economics into its favour, says chief financial officer Mark Gyetvay.
  • Scorpio Bulkers sticks to its guns with kamsarmax deal
    New York-listed owner inks short period deal with Bunge, brokers say.
  • Glencore wins bulker fee cut in Australia
    Competition body tells Newcastle port to reduce charges by 20% in row over costs.
  • US master on trial over cruiseship emissions
    French court begins hearing into alleged breach of sulphur limit on P&O's Azura.
  • BC Ferries seeks yard offers for five newbuilds
    Canadian owner goes global in its latest bid for fleet renewal.
  • Genco confirms $34m capesize scrubber plan
    Bulker owner also reveals options to fit exhaust cleaners on 15 smaller ships, but LSFO remains preferred option.
  • Tanker disabled by engine-room fire off US
    USCG begins probe after Feng Huang Ao goes adrift off Nantucket.
  • NYK honours its war dead in Wales
    Japanese owner erects cenotaph to mark sinking of Hirano Maru by U-boat in World War One.
  • Trafigura, IFM form bulker terminals JV
    Fund investing in trading giant's Impala port operations in Mexico and South America.
  • China pull-back hurting tankers, says Peter Sand
    Bimco analyst says rumours of Chinese charterers returning to the US market have yet to be confirmed.
  • VIDEO: Battle on to contain slick from collision
    Minister condemns ro-pax's 'abnormal behaviour' after boxship clash spilled 600 tonnes of fuel.
  • AP Moller-Maersk launches latest step in strategic shift
    New India-focused venture will work with start-ups to fast-track developments.
  • BP, Eni and NOC resume Libyan offshore exploration
    Oil companies restarting Sirte basin project suspended in 2014.
  • Bulker and cargoship collide off Istanbul
    Turkish vessels involved in incident at anchorage outside Bosporus.
  • Analysts ask if VLGC takeover drama will deliver another episode
    Are BW LPG's eyes off Dorian for good or is this week's retreat a negotiating tactic?
  • Chelsea confirms Marinakis MR buy as spree goes on
    Dennis Uy company adds Philippines' biggest tanker as part of $100m-plus expansion.
  • Cosco Shipping Energy stock surges on upgrade
    Shares in Cosco Shipping Energy Transportation enjoyed a boost today following an upgrade from CICC. Stock in the Chinese tanker heavyweight surged on high volumes after analysts at the bank raised its rating from hold to buy, Bloomberg reported. Its shares climbed to a high of HKD 4.45 ($0.58) each on Tuesday and were trading up over 4% at HKD 4.38 each at the time of writing. Almost 16 mill
  • Big Greeks sell large tankers for scrap
    New Shipping and Avin International sell ageing units amid active and uncertain demolition market
  • Gazprom orders OSVs at Zvezda yard
    Three offshore ships and a shuttle ferry to be built at new Russian facility.
  • Vandenbulcke steps up as DEME CEO
    Long-serving deputy COO takes top job at Belgian owner.
  • Color Line flag switch could endanger 700 jobs
    Proposal to change to NIS register would free owner to bring in overseas crews.
  • ICTSI wins approval for Manila terminal expansion
    Philippine port operator says work will also enable it to deal with the increasing impact of weather related issues.
  • B Riley FBR starts Eagle, Scorpio and Genco with buys
    After trio of MLPs, California-based investment bank rolls out coverage of dry bulk sector.
  • Miyazaki Sangyo hopes for better luck in capesize sale
    Japanese bulker said to be coming near to the end of her re-delivery period after 12 month charter.

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American Shipperweb site
OCTOBER 9, 2018
  • Transplace acquires Yusen Logistics' intermodal and freight brokerage
  • Hapag-Lloyd outlines new bunker surcharge formula
  • Commentary: Don't use drayage carriers on labor website
  • JPMorgan Chase fined for sanctions violations
  • Number of U.S. exporters down in 2017
  • ITC investigating U.S. manufacturing competitiveness
  • Executive Moves: Nautilus International, Virgin Atlantic
  • Commentary: ICE hot on export enforcement
  • Federal Maritime Commission raising some user fees

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The Bunker Bulletinweb site
OCTOBER 9, 2018
  • Crude edges higher as Gulf Coast production braces for Hurricane Michael
    US crude futures settled higher as suppliers worked to shut in Gulf Coast production ahead of the approaching Hurricane Michael.
  • Lowest volume traded in NWE HSFO barge MOC in 2018 amid tight availability
    Strong backwardation in the Northwest European fuel oil market as a result of scant supply saw just 2,000 mt traded in Monday's 3.5% FOB Rotterdam barge Platts Market On Close assessment process, the lowest volume in 2018.
  • Total halted Iranian crude imports in July: CEO Pouyanne
    French oil major Total stopped buying Iranian crude to supply its refineries in July due to lack of banks willing to handle the transaction ahead of US sanctions on Tehran which come into force next month, the company's CEO Patrick Pouyanne said Tuesday.
  • US Coast Guard closes three southeastern US ports to incoming vessels as Hurricane Michael bears down
    The US Coast Guard declared port status X-Ray for three southeastern ports of Savannah, Georgia; Charleston, South Carolina and Wilmington, North Carolina, ahead of the arrival of Hurricane Michael, which is expected to make landfall early Wednesday afternoon in Pensacola, Florida, according to the agency's website.
  • Suezmax freight rates surge on tight VLCC availability
    A tight position list for VLCCs in the Caribbean and the Middle East amid strong fuel oil demand has caused a surge in Suezmax freight rates, with Suezmaxes now even reaching lumpsum rates seen on VLCCs earlier in the year.
  • Strong Rotterdam HSFO demand highlights disconnect from bunker market
  • Malaysia's Petronas gears up for new investment cycle
    The additional cash gives Petronas further financial flexibility to either increase reserves or undertake longer-term projects like LNG Canada.
  • India ups pressure for Iran sanctions relief while US sticks to hard line
    We continue to discuss our Iran policy with our counterparts around the world, an official said.
  • BIMCO to develop hull underwater cleaning standard for shipping
    The standard was expected to be finalized in the autumn of 2019.
  • INTERVIEW: VLSFO to be main marine fuel choice as IMO 2020 looms: Cockett Group CEO
    The bunker industry is also ripe for consolidation, partly due to the 2020 rule.
  • External: Global Risk Management
  • IEA lifts renewables forecast for Europe, but China continues to dominate
    China continues to dominate global renewable energy growth, responsible for over 400 GW of the IEA's 2018-2023 forecast.
  • Hapag-Lloyd announces new mechanism for bunker charges as IMO 2020 looms
    MFR is based on a formula that combines consumption with market prices for fuel oils.
  • FUTURES: Crude rises despite likely stock build amid supply concern
    Preliminary data on last week's US inventory data is due for release from the American Petroleum Institute later Tuesday.
  • FEATURE: Forward paper derivatives shine some light on HSFO's value post IMO 2020
    The value of crude in 2020 would be an influential factor in determining the competitiveness of HSFO.




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