|NOVEMBER 12, 2018|
- Asia-Europe rate steady at US$753/TEU as flat rates rule throughout
- China trade data beats forecasts as shippers rush to beat tariffs
- CMA CGM Asia chief warns of heavy cost sharing to come with IMO 2020
- US containerised imports remain strong ahead of tariff increases
- Maersk drops Chennai, India's east coast port eyes transshipment rescue
- Failure to electronically file for truck shipments to US will result in fines
- APL extends Eagle GO Guaranteed to Asia-Latin America, Caribbean
- Failure to collect judgement does not make company liable: US court
- Ship Finance International wins US$400 million to fund four 14,000-TEUers
- Ericsson, Telia and Einride create system for self-driving trucks
- Users praise AIS for cutting truck congestion at London Heathrow
- Canada's legal cannabis fails to reap bumper air freight payloads
- CargoLogicAir flies 82 race horses from US to Europe after US okay
|NOVEMBER 11, 2018|
- Vanguard Logistics Services celebrates 5 successful years in India
- China agrees to increase imports from India
- Sugar exports to China to begin soon
- Cabinet approves strategic disinvestment of total govt stake in Dredging Corporation to Major Port consortium
- Chabahar port gets a boost with US waiving sanctions
- JNPT concludes Vigilance Awareness Week with great enthusiasm & commitment
- Prime Minister to dedicate to nation multimodal terminal on Ganga at Varanasi today
- Visakhapatnam Port facilitating faster cargo evacuation
- CONCOR flags off 'Satarkata Express' trains to multiple locations during Vigilance Awareness Week
- Express Global Logistics Employees Co-op Credit Society celebrates 35th anniversary
- Foreign Trade Policy-After midterm review (Part-II)
|NOVEMBER 12, 2018|
- Digitalisation is not an IT project!
- APL extends guaranteed cargo offer
- Last development project now sold
- Triumvirate take charge of Dako sales
- Alha introduces new cool dolly
- First rail-road bridge to link Kinshasa and Brazzaville
- Cargo International collaborating with Shipcloud
- Volumes surging for OOCL
- US manufacturer creates stunning truck for Europe
- HYD to run cargo terminal with HLT system
- New representative of the AAAE's board of examiners
- "Curiosity of the Day"
- BDP unveils automated smart tracking service
- 2018 remains strong for Spanish ports
- Profit expected after difficult 2017
- 100 poppies adorn Welsh helicopter
- From chairman to CEO
- Three additional non-stop intermodal connections
|NOVEMBER 9, 2018|
- Standard signs deal to access Chinese shipowners
- Torm takes 27.5% stake in scrubber venture with GSI and Danish scrubber maker
- KDB chief hints at removal of HMM CEO
- Land & Water to create a mega wetland habitat
- Egypt's ports look to boost grey economy
- More ports are needed to serve Ethiopia
- Japanese shipbuilders show mixed results in tough market
- Sinotrans' North Korean office flagged by US State Department
|NOVEMBER 9, 2018|
- Spot rates hold steady as carriers take advantage of shipper rush to beat tariffs
- NCA eyes sale of 747-400 freighters as it counts the cost of summer flight ban
- Bigger is not better in box shipping, say shippers who want better service
- Trucks on the world cargo crime front line - hijacking still the main threat
- Easy does it - 'baby steps' the best way to move towards blockchain in logistics
- Indonesia seen as a way of escape for shippers from the China-US trade war
- Mark Baker takes the technology lead at Pilot Freight Services
- James Wang to lead new Yodel operation in China
|NOVEMBER 9, 2018|
- Algoma Central buys 2008 built product tanker
- Torm in China JV with scrubber manufacturer and shipyard
- Keppel Shipyard to modify and upgrade KrisEnergy production barge
- Liberian Shipowners Council names next General Secretary
- Composite technology: Game changer for LNG as a marine fuel?
- Master Marine starts building new series of six towboats
|NOVEMBER 9, 2018|
- Poland signs third US gas deal in the name of energy security
Russia's Nord Stream 2 pipeline project raises Polish energy security concerns. The pipeline would bypass Poland and Ukraine to connect...
- The Interview: Peter Rogan
Chairman of Ince & Co hits back at critics of the law firm's recent merger. Joining up with Gordon Dadds...
- Can the bunker industry confront its credibility problem?
The Aegean bankruptcy, fuel contamination cases and tighter credit lines are piling pressure on the bunkering industry
- Capesize earnings fall 66% on Australian iron ore rail outage
Average weighted time charter earnings sink to $11,250 per day
- Tom Boardley joins the Lloyd's List Editorial Board
The Editorial Board, which consists of 16 senior experts representing all sectors of the maritime industry, has a mandate to...
- Tsakos tanker awaits clearance as Norwegian oil terminal reopens
Tsakos Energy Navigation hopes to get clearance for vessel to proceed to a discharge port in the UK:
- The Lloyd's List Podcast: From hot air to cool gas
Listen to the latest edition of Lloyd's List's weekly podcast - your weekly briefing on the stories shaping shipping in...
- Odfjell eyes tanker growth
Oslo-listed company expects to operate 92 vessels by the end of 2020 from 82 in the third quarter
- Torm starts venture with GSI and ME Production for scrubbers
The Danish tanker owner could spend almost $80m on scrubber installations ahead of the 2020 sulphur cap
- Sulphur cap not the only concern in 2019: Lloyd's List webinar to discuss
The Lloyd's List 2019 Outlook webinar on November 29th will, of course, assess preparedness for the global sulphur cap, however...
- Blockchain trials turn to finance
Container and dry bulk shipments are being tested using documentation exchanged in electronic formats via blockchain technologies
- China agrees to develop Myanmar's Kyaukpyu port
The project has been greatly scaled down from the $7.5bn one the Chinese had planned initially
- Daily Briefing
Hapag-Lloyd doubles profit in third quarter | Exclusive interview with Ince's Peter Rogan | Lloyd's List's Hong Kong seminar adds...
- Shipmanagement's stars shine at CrewConnect Global awards
PTC's Carlos Salinas wins the Lifetime Achievement award and has worked more than 50 years in the shipping industry
- Standard Asia agrees co-operation deal with Ping An P&C
Deal marks a significant milestone in the club's growth ambitions in China, says chairman
|NOVEMBER 9, 2018|
- UPS Freight, Teamsters square off as contract vote begins
- Steady US import demand forecast for first quarter
- HMM orders mega-ships amid shareholder frustration
- Infographic: The value of digital bills of lading
- Increasing consumer expectations push shippers to deliver faster
- E-shopping holidays deliver air cargo peak-season stress
|NOVEMBER 9, 2018|
- Global Ship Lease offers to rebuy $20m in debt
Ian Webber-led boxship owner exercises yearly mandatory offer on secured notes due 2022.
- Court approves Aegean's post-bankruptcy financing plan
Decision will help bunker supplier to the tune of more than a half-billion dollars.
- Overseas Shipholding Group returns to black
Sam Norton-led Jones Act tanker owner's results benefit from $23.5m tax benefit.
- Poseidon announces five-year deals with CMA CGM
Long-term charters come with Greek owner set to merge with French line's spin-off Global Ship Lease.
- Liberian Shipowners' Council changes leadership
Kierstin Lachtman of Cruise Lines International Association (CLIA) will replace retiring Joseph Ludwiczak.
- China, Myanmar sign $1.5bn port deal for Kyaukpyu
In the watered-down BRI project, a CITIC-led consortia and Myanmarese interests will build two berths instead of 10.
- Kashoggi killing puts Lurssen order in doubt
German shipbuilder Lurssen has suspended production of Saudi Arabian coastguard vessels in the uncertainty surrounding the murder of journalist Jamal Kashoggi. The company is unclear whether the German government will grant export licences after the dissident was murdered in the Saudi consulate in Turkey, Reuters reported. The yard has placed large numbers of staff on short hours as a result. G
- Eidesvik stretches two OSV deals
Norway's Eidesvik Offshore has extended deals for two OSVs. It said the 13,500-dwt Viking Neptun (built 2015) will continue working for Merkur Offshore until mid-May, with further optional periods attached. The contract with Siemens Gamesa for the charter of the 3,700-dwt Acergy Viking (buit 2007) has also been stretched by a year. It is now firm until end January 2021, with options until the e
- Wilson cuts costs to boost profit
Norwegian bulker owner Wilson has posted what it called "good earnings" for the third quarter as costs dropped. It made EUR 4m ($4.53m) on a net basis, up from EUR 1.1m in the same period of 2017. Freight revenue reached EUR 67.1m, from EUR 64.3m. Operating expenses in the third quarter amounted to EUR 25.6m, against EUR 26.1m the ear before. The company achieved net earnings per day of EUR
- Last sail-driven tanker to become cargo vessel
Historic Falls of Clyde being brought back to Scotland from Hawaii.
- Josco renewing its fleet with newbuildings
Nacks and Dacks each receive orders for two ultramax bulkers from Josco
- Viking exits bulker, PSV sectors with five sales
Sveaas company continues fleet readjustment with more disposals.
- David Wu behind $500m LNG carrier newbuilding haul for Yangtze River project
Chinese-Norwegian owner's Saga LNG Shipping is set to build a fleet of LNG ships for a Chinese import project with new deals placed at China Merchants Heavy Industry.
- Odfjell loss grows but 2018 seen as turning point
Terminal sale hits bottom line but chemical tanker market set for rise.
- Torm extends scrubber plan as it inks new joint venture
Equipment could now be fitted on half its fleet following partnership with ME Production and GSI.
- Navios Acquisitions shareholders OK reverse split
Navios Maritime Acquisition shareholders have approved a one-for-15 reverse stock split. The move, approved at a special meeting Friday, will kick in before trading opens 14 November. Once completed, the tanker owner will have approximately 9.6 million shares outstanding, down from 114 million. Navios Acquisition 'agnostic' on scrubbers Chevron extends Navios Acquisition tanker charter The New
- Banks complete first digital bulker deal for Cargill
BNP Paribas and HSBC have completed Singapore's first fully digitised end-to-end letter of credit (LC) transaction for a bulker voyage. The deal will "take the digitisation of trade finance a step closer to becoming a commercial reality," the lenders said. The transaction involved Rio Tinto selling a bulk shipment of iron ore originating from Australia to China for customer Cargill. Swire teams
- Erck Rickmers to run his own ER Capital next year
German shipowner merging all his investments into Hamburg holding company.
- Dof Subsea aims for $119m bond sale
Norwegian owner wants cash to refinance bigger series.
- OSV loss down at SD Standard Drilling
Norwegian owner well-positioned for offshore recovery.
- Sale of Pareto PSV trio falls through
Buyer had looked set to pick up bargain vessels.
- Standard signs off on P&I tie-up with Ping An
Club says agreement signals Standard Asia's next phase of growth in China.
- BHP to meet iron ore commitments, despite derailment, says CEO
Aussie miner says it continues to mine, so it will have good stocks for when rail services resume.
- APEX exchange makes first physical palm oil delivery
Singapore derivatives exchange expects more such deliveries in the coming contract months.
|NOVEMBER 9, 2018|
- Freight rates continue to rise
Threat of higher tariffs continues to push up transpacific rates.
- Groundwork still being laid for U.S.-U.K. trade deal
Officials met in Washington for the fifth meeting of the bilateral Trade and Investment Working Group and held preparatory talks for a possible post-Brexit free trade agreement.
- U.S. among submitters of WTO transparency proposal
The paper calls for a stronger approach to requiring notifications by member governments on issues including customs valuation and subsidies.
- Retail imports remain strong ahead of tariffs increase
"If there are shipments that can be moved up, it makes sense to do that before the price goes up."
- Treasury ratchets up Russian sanctions
- Abu Dhabi contributes to Turvo's $60 million in funding
- APL extends Eagle GO Guaranteed
|NOVEMBER 9, 2018|
- NYMEX WTI plumbs 2018 lows, on pace to tie longest-ever downswing
Prompt NYMEX WTI futures were on pace to match the all-time longest losing steak in contract history after prices fell for a 10th-consecutive day in Friday trading.
- FEATURE: NWE Urals prices above Med on strong NWE fuel crack, freight factors
High freight factors into closed arbitrage Russia's medium sour Urals crude saw the rare situation of Baltic-loading cargoes pricing above Black Sea cargoes on a confluence of factors during November's trading cycle.
- Rotterdam bunker premium to Rotterdam barges strengthens on congestion, tight supply
The premium of delivered bunker fuel at the bunkering hub of Rotterdam over 3.5% FOB Rotterdam barges has been elevated in recent weeks on tight availability and congestion at the port.
- West African crude grades struggle in NWE on high freight rates
Nigerian light sweet crudes have struggled to find homes in the European market despite the relative strength of gasoil cracks in Northwest Europe, as strong Suezmax freight rates have caused buyers to hold back on purchasing crude from West Africa, sources said.
- New Antwerp coker launch tightens bunker market, supports NWE backwardation
The launch of Exxon's delayed coker at the 320,000 b/d Antwerp refinery has tightened the local Antwerp bunker market and contributed to a more pronounced backwardation in the 3.5% sulfur FOB Rotterdam barge curve, market sources said this week.
- First Rotterdam fuel oil VLCC for December after flurry of Suezmax fixtures
The first VLCC to load fuel oil in December from Rotterdam for discharge east was heard on subjects Friday morning, after traders shunned VLCC fixtures in favor of Suezmax voyages for October and November.
- CHINA DATA: Oct oil product exports fall to 8-month low at 4 million mt
China's crude oil imports surged 31.5% year on year to 9.65 million b/d in October, preliminary data from the General Administration of Customs showed Thursday.
- European fuel oil backwardation sours storage renewal contracts
The highly backwardated fuel oil market has soured storage economics and trading houses have begun to shun storage renewal contracts into 2019.
- China capable of exporting 60 mil mt oil products in 2020: Sinopec
China will be able to export 60 million mt of oil products in 2020 as domestic demand growth will lag behind capacity expansion, Vice President of the Economics & Development Research Institute under Sinopec Yu Jiao said at the Seventh China International Oil and Gas Trade Congress in Shanghai Friday.
- External: Global Risk Management
- Singapore middle distillate stocks grew 7% on week: Enterprise Singapore
Meanwhile, exports plunged to 175,892 mt from the previous week when total outflows were registered at 607,956 mt.
- ANALYSIS: Middle East crude OSP cuts fail to buoy market sentiment
OSPs for crude grades on the lighter end of the barrel saw cuts across the board, in line with weaker naphtha product margins.
- FUTURES: Crude lower after overnight fall awaiting fresh cues
Talk of OPEC and its allies possibly deciding to reduce output in light of the recent price slump was growing stronger, analysts said.