|JUNE 14, 2018|
- Maersk's APMT opens Aqaba to Iraq, rivals ICTSI in Basra
- President Xi blasts protectionism, calls for open world
- Chittagong needs more inland container depots to improve
- Protectionism the cause of slowing growth in world ports
- Hamburg to boost barge use from 2pc to Antwerp's 25pc
- Singapore's MPA signs for B-QUA ballast water testing kit
- CMA CGM upgrades its Indian Ocean feeder network
- Charleston harbour dredging gets US$49 million grant
- Kalmar to upgrade NKK quay crane in Port of Bristol
- Oman January non-oil exports up 34pc to US$707.6 million
- Singapore's Temasek to buy Hainan Airlines stake
- Brazilian truck strike 'cost LATAM Airlines US$13 million'
- IATA downsizes 2018 air carrier profitability forecast
- Lufthansa signs WFS ground handler at Newark Liberty
|JUNE 13, 2018|
- APL extends its guaranteed offering to Asia-Europe network
- Hapag-Lloyd invites applications for first-ever Albert Ballin awards
- IMO taking steps to standardise data for effective electronic business
- LNG trade sees largest annual volume increase last year
- ONE's first newbuilding in its corporate colours to cover key hubs on Asia-North America East Coast trade
- Cashew exports may take a hit this coming fiscal
- Exporters of Basmati rice & tea wary of US trade sanctions on Iran
- Sagarmala going full steam ahead
- VCT sees cabotage relaxation as a positive development
- Rail freight climbs 7 pc thanks to increase in coal loading
- Cotton crop estimated higher
- Refund drive for exporters extended
- Strong growth expected in India despite global challenges
|JUNE 14, 2018|
- 50 platforms delivered to timber factory
- Kuenz introduces the Freerider
- Getting nearer to the Asian market
- Marken opens new facility in Chicago
- New transport specialist at AKD
- HHLA paying higher dividends
- Saudia Cargo crosses Europe to enter competition
- Germany: new wagons for grain haulage
- K+N and Bosch growing closer
- APL's Eagle widens its radius
- Gerdes discarded by DP DHL
- Swiss gain foothold in Russia
- New finance software for Europa
- More capacity for CMA CGM India network
- Swissterminal adds links to south and west
- Deugro opens in Vietnam
- Hactl helps ABC to unload outsized cargo
- Qatar Cargo has big plans for Basel
- The new choice: France, a partner for your trade...
|JUNE 13, 2018|
- Is LNG the marine fuel of the future for dredging?
- IMO pushes for single window at ports event
- CSSC overhauls senior management under new leadership
- US-listed companies retain strong access to bank debt
- VLGC consolidation: Will larger players reap pricing power?
- Interest in wind power grows to help shipping achieve CO2 emission targets
- FSU pair head for scrap in Bangladesh as Pakistani prices slump
|JUNE 13, 2018|
- Forwarders and carriers 'in the dark' as new IT system at Felixstowe sparks delays
- Investors getting nervous as doubts are raised over COSCO takeover of OOCL
- The axe falls at DHL as PeP division is revamped after a poor first quarter
- Interview: Waberer's CEO on its next deal, the share price and truck driver shortage
- Ongoing air cargo terror threat prompts new US decree
- Knowledge is key in the supply chain's battle to keep out counterfeit goods
- Conman gets eight years for defrauding Allseas
|JUNE 13, 2018|
- Keppel O&M delivers second high spec jack-up to Borr Drilling
- New fuel savings solution is backed by a contractual guarantee
- Twin Disc to acquire Veth Propulsion
|JUNE 13, 2018|
- Is unknown bias holding your company back?
Recognising diversity of thought, action and different ways of being helps to create value within business
- Tidships makes $32m offer to buy Belships
Offer for Oslo-listed supramax owner pegged at NKr5.5 per share, a 10% premium to Tuesday's closing price
- E-commerce vital to future logistics profits
Changing distribution model requires infrastructure changes
- Carrier reliability: A day late and a dollar short
Efforts by Maersk and MSC to improve schedule reliability are to be applauded and can come none too soon for...
- The Indian upstart's path towards digitalisation
Shipwaves plans to set up offices in Middle East and Southeast Asia
- Long-term Dorian shareholders back BW LPG merger
Shareholders are competent to evaluate the offer and should control their destiny, says institutional investor Carl Oppenheimer
- Euronav completes merger with Gener8 Maritime
Euronav chief executive Paddy Rodgers says merger 'provides the crude tanker market with a global player of substantial size'
- Face-off over sulphur cap is turning ugly
With just 18 months until the sulphur cap goes live, shipowners have issued a challenge to IMO. Who will blink...
- APL extends guaranteed service to Europe
Priority access to slots and equipment will be extended to destination ports in Europe
- MPC raises $50m for further fleet expansion
Private placement raises funds as owner sells 7.25m shares
- Daily Briefing
Petros Pappas orders 22 scrubbers for Star Bulk capesize fleet | ABN Amro commits to shipping | Maersk moves to...
- State-owned Yingkou Port defaults on $83m debts
Default comes as Yingkou, a major sea port in northern China, has been borrowing heavily in recent years to expand...
- Maersk and MSC plan more 2M ship speed cuts in punctuality drive
Many ports are unable to handle the new generation of 20,000 teu ships efficiently, which is adding to delays across...
- Australian consortium to build LNG import terminal in Port Kembla
New terminal is to begin operations by 2020. The project is likely to require a capital investment of between $152m...
- Nakilat forms FSRU joint venture with Excelerate
The 2009-built FSRU, Exquisite has a capacity of 150,900 cubic metres
- Jakob Stausholm joins Rio Tinto as financial chief
As the former financial chief in Maersk Group, Mr Stausholm has more than 20 years' experience in senior finance roles...
|JUNE 13, 2018|
- Bunker fuel surcharges a warning of low-sulfur rule pain
- European Commission to review ocean carrier block exemption
- Rejecting exit rumors, SM Line says trans-Pac services still strong
- New PSA terminal at JNPT notches May productivity gains
- Shippers to EU: Bunker surcharges are price signaling
- APL expands guaranteed service to Asia-Europe trade
|JUNE 13, 2018|
- TOTE Maritime fills senior roles from within
Changes in executive leadership come following the retirement of chief executive.
- Pasha Hawaii ups box capacity on two ships
US-flagged carrier says it's marking third anniversary of Hawaii service with capacity boost.
- Petronas heralds first breakbulk LNG STS
Company VP says Asian buyers prefer to grow their business by importing smaller parcels
- Golden Ocean buys back $3.6m in bonds
John Fredriksen's drybulker owner now owns 12.2% of convertible bond issue.
- ING scores win in OW Bunker appeal
Secured creditor of bankrupt bunker supplier does have a claim appeals court rules.
- Tennenbaum Capital emerges as major EuroDry shareholder
California-based investor owns almost a quarter of Euroseas spin-off' following a common distribution.
- Monjasa buys chartered-in tanker
Danish group snaps up Fredericia to continue English Channel bunkering.
- DFDS adds freight ro-ro to orderbook
Danish owner to meet demand with new vessel contracted in China.
- Jebsen, Thun JV adds cement carrier at Ferus Smit
JT Cement returns to Dutch yard for bigger sistership.
- Loss grows at Boa Offshore
OSV markets remain tough, but owner sees higher income from 2019.
- ONE gets its first bespoke newbuilding
NYK vessel delivered in joint venture's distinctive magenta livery.
- Lomar banks 120% profit on containership in two years
UK owner turns seller again as fleet renewal gathers pace.
- Stonepeak 'eyes $500m Tidewater T&T sale'
Fund said to be looking to sell Canadian barge and terminal group.
- NAT confirms suezmax newbuilding charter
Herbjorn Hansson says Equinor deal could stretch to 2023.
- Economou's DryShips stake up again on buybacks
Founder now holds nearly three of every four shares in diversified owner after overall float drops once more
- Carnegie rates Hunter a buy
Analyst weighs in on VLCC newcomer as it goes for $6.5m through secondary offering.
- Tidships makes $32m offer for Belships
Otto Tidemand's daughters Caroline Tidemand and Kristin Tidemand Eckhoff want to merge the Norwegian owners' bulker fleets after Sverre Tidemand indicated he wanted out.
- Trafigura profit slashed as oil market shifts
Trader and shipowner hit by challenging conditions in first six months.
- Subsea 7 lands $50m-plus Egyptian deal
Burullus Gas wants six new wells connected in the second half of 2019.
- MPCC raises another $50m for ship buys
Oslo-listed owner completes private placement in Norway.
- VIDEO: 'Important milestone' as Euronav completes Gener8 deal
Paddy Rodgers says crude tanker market has a $2bn global player of substantial size.
- Teekay Offshore Partners plans $500m bond issue
Proceeds from fundraiser to go towards outstanding US and Krona-denominated bonds.
- Ship Finance confirms Lemos cash and shares deal
John Fredriksen company nabs four boxships.
- Borealis' $40m for boxship trio takes year's spend to $80m
Borealis Maritime is forking out around $40m to buy three more secondhand feeder and traditional panamax containerships. The UK shipmanager has acquired the 3,534-teu Circular Quay (ex-Gustav Schulte, built 2009) for $11.3m. It is also believed to be spending a shade under $29m enbloc for the 4,250-teu CPO Miami and CPO Jacksonville (both built 2009). TradeWinds estimates the total spent on con
- AP Moller Maersk arm launches China Europe rail service
Danish giant's logistics subsidiary says service will knock 20 days off ocean freight times.
- Great Eastern offloads another supramax
Indian owner sells its second veteran bulk carrier this year as it looks to bring down fleet age.
|JUNE 13, 2018|
- White House aims to stop Congress from blocking ZTE deal
The White House will seek to block the congressional passage of a provision included in the Senate version of annual defense authorization ...
- Port of Cleveland CEO elected Green Marine chair
William D. Friedman, president and CEO of the Port of Cleveland, has been elected chairman of the Green Marine's Board of Directors. Fried...
- Pasha Hawaii replenishing reefer fleet
Pasha Hawaii's Horizon Enterprise arrived in Oakland Tuesday carrying 600 new refrigerated containers as part of its container-replenishmen...
- APL offers Eagle GO Guaranteed from Asia to Europe
APL said it will extend its Eagle GO Guaranteed product to services operating from Asia to North Europe and the Mediterranean. Eagle GO ...
- MPCC raises $50 million for more ships
Oslo-based MPC Container Ships has raised roughly $50 million for additional vessel acquisitions, the company said in a statement. The fas...
- Washington ports go for 57 feet
As the Northwest Seaport Alliance (NWSA) nears the third anniversary of its formation, the agency is moving forward with improvements so th...
- U.S. steel exports steady in April
Exports of steel from the United States were relatively steady in April despite fears of a looming trade war with the two largest buyers of...
- Ocean Transport: Ever viable Panama Canal
The Panama Canal continues to prove itself a vital artery for the world's maritime commerce and the demand among carriers and shippers for ...
- Trade battle lines drawn
As the Trump administration continues to draft tariffs against what it deems to be unfair trade from China, American shippers and importers...
|JUNE 13, 2018|
- Saudi-led forces launch assault on Yemen's key Red Sea port of Hodeidah
Saudi-led coalition forces launched a major air and naval assault on Yemen's Red Sea port of Hodeidah early Wednesday, according to media reports, marking a turning point in the three year conflict, and escalating tensions in the Gulf region.
- US' Trump takes aim at OPEC for 'too high' oil prices
US President Donald Trump took aim at OPEC on Wednesday, blaming the producer group for "too high" oil prices ahead of its meeting next week in Vienna.
- FUTURES 4: Oil firms after EIA data shows across-the-board draws
Oil futures rose Wednesday after US Energy Information Administration weekly data showed draws in crude, gasoline and distillate stocks.
- ARA-Med HSFO arbitrage flurry to be short lived: traders
The newly revived Northwest European arbitrage to the Mediterranean is likely to be short lived as the rush to ship cargoes from other locations will overload the market, traders say.
- Argentina eyes becoming net oil exporter in 2020 as shale output grows
Argentina is on track to become a net oil exporter by 2020, led by growing output from the Vaca Muerta shale play, Energy Minister Juan Jose Aranguren said Wednesday.
- NWE RMK 500 CST bunker fuel demand weakens on fewer fixtures east
Demand for Rotterdam higher viscosity RMK 500 CST fuel has weakened over the past six weeks or so amid a lack of VLCC fixtures eastwards, traders said.
- Shipping company Star Bulk Carriers orders 22 additional scrubbers
Athens-based dry bulk shipping company Star Bulk Carriers has ordered 22 additional scrubbers to allow its vessels to continue burning high sulfur fuel oil in 2020 after global marine fuel sulfur limits are cut to 0.5%.
- External: Marine Bunkering(Rotterdam)B.V.
- FUTURES: Crude lower on US stocks data, EIA output forecast
With the historic US-North Korea summit wrapping up in Singapore Tuesday, attention was now back on US inventory reports for the week.
- Physical delivery of May ICE LSGO futures up to 602 lots
The main buyers were said to be Glencore and Valero, while the main sellers were said to be BP, Mabanaft, Total and Vitol.
- EU in daily talks to shield trade from Iran sanctions
"We have set up a network of national focal points of all EU states to further coordinate and intensify our work," Mogherini said.
- EIA STEO Highlights: 2 mil b/d world supply increase may by upended by OPEC, Russia
Depending on the outcome of the June 22 meeting, the magnitude of any supply response is uncertain, EIA said.