|OCTOBER 12, 2018|
- Long Beach port moves record 8m TEU in fiscal year 2018
- Drewry survey shows concern over fuel cost and transparency
- Shipping companies must embrace digitalisation: APL chief Nicolas Sartini
- Asia Maritime Pacific merges with Fenwick Shipping Services
- British forwarders miffed at news of Whitehall plans for customs reform
- Dubai and Panama explore ways to boost maritime cooperation
- Iran's top box port, Shahid Rajaee, handles 1.07m TEU in H1FY
- Khalifa Port receives first STS cranes for Cosco's Abu Dhabi Terminal
- Indian fishermen to prepare campaign to protest shipping lane
- Dachser appoints Kevin Chen to lead operations in HK, Taiwan, S China
- More air carriers seek to extend network reach through cargo alliances
- CEVA Logistics implements 100th MATRIX Warehouse Management System
|OCTOBER 11, 2018|
- MSC recognised as greenest shipowner of the year
- Seaborne trade looking good, but trade wars & protectionism could cast shadow, says report
- APM Terminals Pipavav initiates 'Pashu Uday' project in Amreli
- Major Ports register positive growth of 5.12 pc in H1
- Ports reopened after Hurricane Michael makes landfall
- Key issues & challenges of export sector as enumerated by FIEO President, Mr Ganesh Kumar Gupta
- All roads lead to Cargo Shop 2018 - Shippers & LSP Forum tomorrow in Pune
|OCTOBER 12, 2018|
- Not only by air
- DB Schenker implements what3words
- New wagon lessor in Ukraine
- ABC confirms Liege choice
- Port Synergy-GMP on good path in Le Havre and Fos
- Bajard taking over the Atos reins
- Seiler Logistics joins AON
- Augmenting Central Europe - Rotterdam rail service
- Business development at Garbe in new hands
- Trois-Rivières planning up to 2030
- Turkish Airlines adds maindeck capacity to London
- Ceva Logistics rejects takeover proposal from DSV
- Favourable fiscal year for port of Long Beach
- Saudia Cargo launches express delivery product
- Additional track at Oradea rail terminal
- "Curiosity of the Day"
- Generation change at head of CSX board
- More effort needed to improve Sino-European relations
|OCTOBER 11, 2018|
- Yangzijiang, Mitsui, and Mitsui E&S in shipyard JV
- Golden-Agri Stena expands chemical tanker business with ship management joint venture
- Moody's lauds German shipping banks' derisking
- IMO fuels uncertainty, fewer ship orders, GDP growth buoy dry bulk, says Pacific Basin
- CMA CGM considers raising its stake in CEVA Logistics after takeover bid
- Fire on Suezmax tanker in Hyundai Samho HI
- Plastic pollution rising up shipping agenda
- KOBC details USD164 million of shipping funds
- Technical innovation drives MOL's PCTC efficiency strategy
|OCTOBER 11, 2018|
- DSV takeover bid for CEVA Logistics rebuffed, but CMA CGM eyes bigger stake
- Market Insight Exclusive: Revealed - the AP Møller-Maersk Group reorganisation
- Geodis still on the hunt for a major acquisition, but not in France, says CEO
- Amazon Air takes off for Miami with Atlas, despite concerns over pilot numbers
- 2020 sulphur fuel cap may spark a crisis for carriers that can't recover the cost
- Guillaume Sauzedde becomes new MD of Ceva's Central & Eastern Europe cluster
- Schenker's Reiner Heiken to be new CEO of Hellmann Worldwide Logistics
|OCTOBER 11, 2018|
- MARAD seeks Vessel Construction Manager for NSMV training ships
- Panama Canal sets a new tonnage record
- Providing seafarers a safe haven
- Flex LNG set to acquire five under-construction newbuilds
- Liberian Registry creates Offshore Oil and Gas Department
- Chesapeake Shipbuilding makes progress on second modern riverboat
- Skangas now 100% owned by Gasum
|OCTOBER 11, 2018|
- Seafarer survey highlights criminalisation concerns
Nautilus International surveyed more than 500 seafarers as part of its investigation and will file a report on its findings...
- Port of Tyne chief executive set to depart
Mark Stoner will replace Andrew Moffat as interim chief executive until early 2019 when a new head is expected to...
- US may benefit most from 2020 rules
Trading houses expect to cash in from the chaos and disruption as the sulphur cap takes effect in January 2020
- Traders expect US sanctions on Iran to be tough
It is not just oil exports that will decline; oil products and fertilisers will also be affected
- Forth Ports' new owner sells minority stakes
Forth Ports is the UK's largest port operator, which includes Grangemoith, Dundee and Tilbury as part of its portfolio
- MSC extends European rail network
Mediterranean Shipping Co is launching a new rail service to bring agricultural cargoes from Spain closer to their target markets
- UK business heads confident there will be a Brexit deal
The CBI, the Port of Dover, DFDS Seaways and the Port of Grimsby East feel confident the UK and EU...
- Minister pays tribute to Greek coast guard officer
Kyriakos Papadopoulos, who died this week, has been credited with leading missions to rescue more than 5,000 people during the...
- World Shipping Council names Tim Wickmann to head up Asia
Veteran liner executive has decades of container shipping experience, most recently with the intra-Asia arm of Maersk Line
- Viewpoint: Building resilience
Navies of the world are said to spend as much on cyber defence as they do on ship structures and...
- Daily Briefing
Talks held to stamp out cargo declaration abuses | Felixstowe's 'minor teething issues' continue to bite | Hong Kong sets...
- CMA CGM eyes bigger stake in CEVA
French line to boost shareholding after CEVA board rejects unsolicited bid that undervalues 3PLs prospects as a standalone logistics company
- Port of Oakland records highest-ever peak season growth
Import volumes rose 5% year-on-year in September, and surged 9.2% compared to the previous corresponding period
- HMM secures $5.3bn state funding
HMM will use $2.8bn to pay for a series of 23,000 teu and 15,000 teu container vessels from various South...
- New LNG developments do not threaten Gulf competitiveness
As LNG demand continues to trend upwards, Tellurian expects a lot of that to be met by shipments from the US
- Flex LNG contemplates purchase of 5 LNG vessels from Gerevan
After delivery in 2020 and 2021, Flex LNG will own 13 LNG carriers
- Clyde & Co boosts Hong Kong office with dispute resolution specialist
Christopher Jobson is a prominent marine and dispute resolution partner and returns to the firm's Hong Kong office which he...
|OCTOBER 11, 2018|
- Hurricane Michael delivers suckerpunch to Southeast US shippers
- Analysis: Digitize the bill of lading
- Low-sulfur forum pitched to help carriers calculate BAFs
- Demand, low-sulfur rule reshaping multipurpose, heavy-lift market
- CMA CGM to boost stake in CEVA after rival bid
- Low-sulfur rule to bring back ocean slow-steaming
|OCTOBER 11, 2018|
- Hunt for a shipping deal looks to be over for Saverys vehicle
Investors remain tough to convince on maritime assets, whether in a conventional IPO or a Spac merger
- JP Morgan drives Greenship asset play forward
US firm sells down ultramax quintet it bought cheaply in 2017
- Shippers still in the dark on 2020 fuel surcharges
Hapag-Lloyd spells out how it will recoup $1bn in fuel costs, but most lines remain unwilling or unable to do so
- Evergreen loses appeal in $36m collision case
Excessive speed can make you culpable and it can also make the bill higher, say English judges in a rare appeal of a High Court ruling
- Shipping's Davos must show real ambition and authority to succeed
Call for action at Global Maritime Forum in support of decarbonisation is a welcome - but modest - first step
- Wilhelmsen Ships Service's drone deliveries set for lift-off
- Shell puts safety first at 'mini-Davos'
Grahaeme Henderson commits to drive campaign to slash number of serious personal accidents over next decade
- Golar LNG looks upstream and downstream for next opportunity
- LNG charter rates hit new highs as market upswing takes hold
Stena Bulk vessel fixed on time-charter as headline six-figure rate cements new market mood
- Thenamaris opts to build second LNG ship at Hyundai Heavy Industries
Greek owner declares option for large gas carrier in South Korea, as it mulls asset plays in dry cargo
- Cool Pool chartering chief jumps ship to Celsius Shipping
- Troim sees parallels between stranded gas and salmon
As he did with Fredriksen in the farmed fish sector, Golar LNG boss spots a cheap opportunity
- Marshall Islands calls out Liberian Registry over surcharges
Rival leading shipping registers in war of words over certification fees charged to classification societies that are often passed back to owners
- Gulf Energy Maritime aims to exit LR2 segment
- Marmaras snaps up seventh Toisa vessel
Greek shipowner reclaims position as single biggest buyer of former Toisa fleet
- Jones Act players talk up market recovery as rates bounce back
Tanker owners present an optimistic front amid a cull of overcapacity and demand hopes based on coast-wise shale oil cargoes
- US Gulf-Asia VLCC rates hit fresh highs in spite of trade tensions
Growing Asian demand and rising shale output have created momentum for VLCC rates, despite China effectively pulling out of the market
- Navig8 nets two CSET VLCCs
- MSI cautions tanker revival could be completely derailed
- GNMTC charters out two aframaxes at premium rates
The Tripoli-based owner has been active in the period-charter market and locking in returns
- Koch locks in Chinese VLCC amid time-charter standoff
US energy giant has fixed one Chinese VLCC and is negotiating more state-owned ships despite trade tensions
- Stena Bulk takes Nord Valiant at lower rate
- Formosa Plastics Marine mulls sale of entire LR1 tanker fleet
Taiwanese owner said to believe vessels are too old for scrubber installation to be an economical option
- Transmed chooses ironic name for last Nobu Su ore-oiler
- Beyaz picks up another Tianjin Xingang-built handysize bulker
Istanbul-based company emerges as buyer of the Clipper handy
- Silversea switches its allegiance from Fincantieri to Meyer Werft
Cruise line breaks long-standing relationship with Italian builder after Royal Caribbean took control
- Panama Canal has record year
Latin American waterway closes out fiscal year with higher-than-forecast ship volumes, led by boxship crossings.
- CMIG Leasing quietly sells boxships to raise bond cash
One of China's most politically connected private investment groups is understood to have successfully raised cash for a bond payment by selling assets, including containerships
- Nordic American Tankers enjoys spot market upswing
Herbhorn Hansson-led tanker owner 'firm believers in market turnaround' for 2018.
- Arkas, Cosco team up for reefer service
Mersin-Russia Express set to roll out for transport of perishable goods between Turkey and Russia.
- MOL to trial "augmented reality" VLCC system
Move over Google Glass, Japanese owner has a better idea.
- Clarksons: shipping moves forward but wildcards lurk
Research chief Stephen Gordon's state-of-the markets address is largely optimistic, but risks are increasing.
- CIT Group fixes $15m of boxship financing
Cash will go to US fund-owned MRC Maritime to buy two vessels.
- Fredriksen hires lawyer Robin Bakken
BAHR legal-eagle to strengthen Seatankers' strategic investment work.
- First attempts to extract ro-pax fail
Ulysse remains wedged inside CSL boxship off Corsica.
- Stena and Bay Crest start new tanker venture
Swedish and Japanese owners teaming to manage chemical carriers in Asia.
- Yangzijiang forms new $300m yard venture with Japanese partners
MES and Mitsui & Co on board as new company targets vessel diversification with growth returning to industry.
- Wallenius Wilhelmsen drops Logistics from name
Name change part of reorganisation of car carrier business.
- Boskalis appoints new CFO from within
Giant Dutch shipowner picks Carlo van Noort to replace Hans Kamps.
- Pacific Basin enjoys 30% supramax rate rise
Hong Kong owner's handysizes also 24% stronger in best third quarter market since 2011.
- Teigen wins round in Belships takeover fight
Shipowner not obliged to make an offer for all of bulker company's stock.
- Cyprus FSRU 'unlikely' to be a newbuilding
- Shearwater wins two survey contracts
Norwegian owner adds seven vessel-months to backlog in Med and Asia.
- Fredriksen's Flex LNG stake cut
Tycoon buys $100m of stock in private placement, but holding drops to 45%.
- Clipper offloads Danish Ferries in $92m deal
Mols-Linien buys out Danish owner and government to take control of six ro-paxes.
- Harren & Partner sells Caribbean Feeder Services
Spain's Perez y Cia takes over 16-ship operation based in Florida.
- CMA CGM boosts stake in CEVA following takeover offer
French liner giant supports rejection of bid and increases its stake in Dutch outfit to 33%.
- China's CAS spending $41.5m on geophysical newbuilding
State science academy picks Huangpu Wenchong yard to expand its fleet
- Gang plants drugs on Maersk boxship
Seafarer injured after intruders spotted on Maersk Newbury as it travelled through Guayaquil channel in Ecuador.
- Shipping equities caught in global market sell-off
US-listed stocks post sizeable falls on the back of rising China tensions and interest rate hikes.
- First Aussie FSRU delayed by environmental review
LNG import project now looks likely to miss original final investment decision date of June 2019.
- Wickmann named as World Shipping Council's first Asia MD
Former Maersk executive to head up new office in Singapore for US trade association.
- Korea to decide on $5.3bn funding for HMM
Ministers have to sign off on KOBC plan to finance 20 newbuildings.
- Indian charterers continue VLGC action
- Japanese owners ordering LPG carriers at domestic shipyards
IIno's newbuilding is part of the company's fleet renewal programme
- CMB secures premium on ice-class fixtures with Cosco
Overcapacity bites but ice-class season starts well for Belgian owner
- Golar, GasLog deemed top LNG picks
Deutsch Bank enters LNG sector with coverage of Golar LNG, GasLog and MLPs Golar LNG Partners, GasLog Partners and Teekay LNG Partners.
|OCTOBER 11, 2018|
- ARA diesel, gasoil stocks hit 7-month high as barges remain trapped in trading hub
Diesel and gasoil inventories in the Amsterdam-Rotterdam-Antwerp trading hub rose 3.5% on the week to 3.035 million mt in the week ended October 9, according to PJK International Thursday, the highest stock level since February 14 when it was at 3.052 million mt.
- Hurricane Michael impact turns from production loss to demand destruction
Hurricane Michael made landfall at the Florida panhandle as a Category 4 hurricane Wednesday with 155 mph winds, quickly destroying demand for power, natural gas and refined oil products.
- US DATA: VGO, straight run imports dip below 350,000 b/d on crude moves
US feedstocks imports from Europe, Africa and other sources dipped below 350,000 b/d in the first 10 days of October over the previous 10 days on a Brent-WTI spread that has been in double digits eight of the last nine trading days, according to US Customs data made public Wednesday and S&P Global Platts market data.
- ARA fuel oil stocks down 12% on week, ongoing active arbitrage
Fuel oil stocks in the Amsterdam-Rotterdam-Antwerp hub fell 12% to 1.031 million mt in the seven days to Wednesday, according to data from PJK International released Thursday, and a hefty departure list continued to stand for October.
- Asia Aframax rates at year high on Iran sanctions, China crude quota
Asian Aframax rates hit a new high for the year on a surge in loadings from both the Middle East and Southeast Asia as Chinese independent refiners get fresh crude import quotas, market participants said.
- ASIA SHIPPING Q3: Panamax, Supramax markets hold steady, Capesize sees volatility
"Sentiment is weak and enthusiasm for Q4 is beginning to dull," a Capesize shipbroker said.
- BP's Dudley says planning for $60-$65 oil, sees prices 'a bit off' from what's good for world
"We're planning on a cycle of $60-$65," Dudley said.
- Star Bulk Carriers secures green loan to install scrubbers ahead of IMO 2020
$70 million will go exclusively to finance the procurement and retrofitting of scrubbers for up to about 50 vessels in Star Bulk's fleet.
- Oil trading houses shun Iran, differ on price outlooks
"Just the fact you are trying to avoid the US could be interpreted as a breach of sanctions," said Gunvor's Tornqvist.