|NOVEMBER 14, 2018|
- Renewed calls for HMM to merge with SM Line
- Foreign ownership restrictions in China to be lifted in all shipping sectors
- OOCL cancels Trans-Atlantic sailings over Xmas-New Year period
- Democrat-led House likely to back Trump's China trade war
- South Carolina Ports Authority posts biggest box volume ever in October
- Expeditors Q3 net income skyrockets 35pc to US$163m
- YCH Group signs MoU with Sasseur Group to enhance customer services
- China's closely controlled internet could be adopted in developing nations
- B&H Worldwide opens new Singapore FSL for FL Technics
- Saudia Cargo flies 100 tonnes of wrestling equipment to Riyadh
- Twenty tonnes of pine nuts flown from Afghanistan to China
|NOVEMBER 13, 2018|
- CMA CGM revamping its CIMEX 2K2 service
- Hapag-Lloyd registers higher EBIT in nine months
- Panama Canal registers record tonnage
- RCL registers improved liftings & freight income in Q3
- Yang Ming registers increased revenues & volumes in Q3
- Revenue Department decides to extend facility of uploading digitally signed documents to all types of exports under ICES
- Modern infrastructure being built at a rapid pace: PM
- Air cargo entering a new growth phase in India
- Global air freight demand up 2 pc in Sept.
- Sagarmala invests INR 125 cr. in Krishnapatnam Railway Co.
- Union Home Minister reviews work on Integrated Check Posts
- Shippers & LSP Business Forum on CTL 2018 to comprehensively focus on key topics
|NOVEMBER 14, 2018|
- Green efforts at the Red Sea
- Communication system to improve Polish rail network
- GAC opens new Dubai South contract logistics complex
- Call for lower CO2 targets in freight transport sector
- Hullwiper and Scamp introduce new solution in Gibraltar
- Port of Hamburg joins inland shipping network
- Turkish Cargo even more involved in pharma logistics
- New rolling stock for Ukraine Railways
- USD 21 million for Resilience360
- HHLA remains on track for full year
- Dimor Group scoops up Waco
- 3,000 years of Chinese culture to Luxembourg
- More rotations between Germany and Netherlands
- "Curiosity of the Day"
- AF KLM has soft heart for pets
- Yang Ming sees improvement in Q3 figures
- Problems in Italy hamper growth
- Airline problems impact parent company
|NOVEMBER 13, 2018|
- Poulsson warns of threat to global trade from US sanctions
- Blockchain scheme delivers marine insurance claims benefits
- Big ship demand gives hope to box ship charter market
- CSSC's leasing unit seeks Hong Kong listing
- Cargo warning as theft blights supply chains
- LNG supply vessels - a growth story in the making
|NOVEMBER 13, 2018|
- Volga-Dnepr VP van de Weg: why we decided to stop working with brokers
- How long can CEVA go on haemorrhaging more than $1m a day? ask analysts
- Geodis and DHL Freight target truck driver shortage with new initiatives
- Wan Hai orders 20 new box ships to meet market ambitions
- Shipping remains 'cautiously optimistic', but is wary of protectionism
- Jesse Norman new transport minister after Johnson resigns over Brexit
- Ken Russell takes the chair at Rail Freight Group as Tony Berkeley retires
- China sanctions don't faze Oakland's new reefer project, Cool Port
|NOVEMBER 13, 2018|
- One GDMA scandal defendant pleads guilty, another heads for prison
- Nichols Brothers delivers second of two Lindblad coastal cruise ships
- Leslie Controls wins $5.65 million Virginia class valve contract
- Project aims to develop low carbon ship for Pacific region
- BIMCO develops two 2020 bunker clauses
- Taiwan's Wan Hai Lines orders 20 containerships plus 8 options
- STX gets LR AIP for LNG fueled 50,000 dwt tanker design
- Kirby buying 27 tank barge CGBM fleet
|NOVEMBER 13, 2018|
- Navios Partners unveils long-term dry bulk charters
With the latest charters, the partnership has contracted out 45.8% of its availability for 2019 and 31.5% for 2020
- Asia to dominate energy demand by 2040, forecasts IEA
Geopolitics will play an increasing role in the energy business in the period to 2040, as US production and Asian...
- BIMCO adopts sulphur cap bunker clauses
The industry body will release the two new clauses covering general compliance and transitional period in December
- Geodis launches digital freight marketplace
Open platform launched for shippers and forwarders to book multimodal transport claiming to be a neutral middleman service and devoid...
- Maran clinches two suezmax resales at Daehan
Angelicoussis tanker arm set to add two options to pair taken over from Norwegian order
- ABP pledges $84m to upgrade Immingham terminal
ABP guarantees job security for existing British Steel workers at the Immingham facility, while promising a number of new positions...
- Source of bad bunker cases stumps industry experts
CIMAC reports that there is no clear cause for this year's fuel bad bunker cases and testing could not identify...
- US exports to Asia decline as imports reach peak levels
Analysts warn the Trump administration's efforts to make China trade on a level playing field may lead to a fall...
- From the Newsdesk: Five things to look out for this week
Lloyd's List Editor Richard Meade offers the inside track on the stories shaping shipping
- Standard Asia sets out tie-up benefits for Ping An clients
Both fixed premium and mutual facilities will be available through the agreement, with each partner for their own underwriting and...
- HHLA confirms positive outlook after container throughput rises
Volumes were up at Elbe River terminals, but growth remains anaemic and feeder throughput fell, while storage fees also slumped...
- DFDS freight volumes hit by Brexit uncertainty
Company increases revenues, but Brexit uncertainty, concern over Italian debt and Turkish lira depreciation slow European growth
- Terminal sale boosts SAAM's third-quarter profit
SAAM posts $15.1m net income for third quarter of 2018 on the back of strong performances from terminals in the...
- Daily Briefing
Australia demands end to IMO secrecy | A winter boost for clean tankers | Capacity management driving transpacific rates boost
- CSSC Shipping plans IPO in Hong Kong
After the listing, CSSC International and CSSC Group will remain the controlling shareholders. It did not disclose how many shares...
- Guangzhou to acquire nearby port as consolidation moves gain pace
Guangzhou Port Co plans to pay Yuan503.8m ($72.4m) for a 52.5% stake, representing a more than 300% premium over ZPSEG's...
- China Navigation Co to develop low-carbon vessels
Swire Shipping's parent is investing $2.5m initially to design, build and operate a pilot vessel and will evaluate its commercial...
|NOVEMBER 13, 2018|
- SM Line CEO: No plan or path to merger with HMM
- New cranes will allow Chittagong port to run at full capacity
- DP World's JNPT Nhava Sheva India terminal wins MSC-led call
- Port Panama City operations recover amid hurricane repairs
- Shippers' post-Brexit supply chain prep builds
- Tech deficiency hurting ocean freight invoicing accuracy
|NOVEMBER 13, 2018|
- Global Ship Lease fixes ship with CMA CGM
New York-listed containership player extends a separate charter with French liner giant.
- CEO Butters: Navigator picking up steam toward 2020 and beyond
The best is yet to come for Navigator Holdings, chief executive David Butters said Monday. After posting $600,000 profits for the third quarter and besting analysts' predictions of a $0.03 loss per share by four cents, Butters said 2020 could be a record-setting year for the company ahead of a transition to a petrochemical producer and exporter. Navigator Holdings taps Nordic bond markets for $7
- Fednav boss Pathy comes out fighting against scrubbers
Paul Pathy tells TradeWinds Forum in Tokyo exhaust gas cleaning systems damage the environment.
- Globus Maritime is back in the black
New York-listed bulker owner nets first profit in four years amid a better time charter market.
- Fidelity lowers Scorpio Tankers stake
Billionaire investor Abigail Johnson offloads almost 10.7 million shares, bringing interest down to less than 3% and removing top institutional stakeholder status.
- Holed frigate sinks following Tsakos tanker clash
Helge Ingstad goes down after collision with Tsakos vessel tore open its hull.
- Diana Shipping gets higher rate on kamsarmax
Simeon Palios-led buker owner expects to earn $5.44m off the hire lasting at least 13 months.
- Wallenius Wilhelmsen starts share buy-back
Oslo-listed car carrier owner Wallenius Wilhelmsen is starting a share repurchase programme worth up to NOK 25m ($2.94m). The company said it wants to cover management's share incentive scheme, as well as an annual discounted share purchase programme for Norway-based employees. Open-market deals will be carried out from now until further notice, it added.
- LNG rates hit 'another record high'
Strong demand out of Asia keeps outpacing expectations, Deutsche Bank says.
- Navios Partners holders to get portion of Navios Containers
Navios Maritime Partners investors will receive a slice of equity in sister company Navios Containers as the push to take the boxship asset play public continues. Roughly 2.5% of the outstanding equity in Navios Containers, or 855,050 common shares, will be distributed to Navios Partners shareholders on 3 December, should the company get the go-ahead from the Securities and Exchange Commission to
- Novatek's LNG shipyard to cost $1.77bn
Russian energy company puts price on planned facility near Murmansk.
- ADS Crude Carriers brings in Polarcus man as CFO
Ben Boiling joins from 1 January to strengthen management team.
- Bimco adopts IMO 2020 bunker clauses
Owners' body approves charter additions dealing with new fuel rules.
- Tidewater downbeat on OSV upturn as earnings miss
US OSV giant strikes sobering note ahead of crucial merger vote.
- STX gets approval for LNG powered MR tanker
STX and Lloyd's Register have signed off on designs for a medium range tanker powered by LNG. More to come for AET after 'leap of faith' on LNG-fuelled tankers The shipbuilder has incorporated LNG-fuelled propulsion into its existing design for 50,000-dwt vessels and has now received approval in principle from the class society, a statement explains. EK Choi, chief technical officer of STX, sai
- Tugs avert bulker reef grounding
Operation launched after Japanese vessel lost power off New Caledonia.
- Navigare branches into suezmax tanker market
Navigare Capital Partners has extended its development across the shipping markets with a shift into suezmax tanker ownership. The Danish investment firm has confirmed it is the buyer of the 156,000-dwt Shamrock (built 2011) from US-based leasing company Icon Capital. The tanker is believed to be changing hands for $31m having already been on time charter to Navigare Capital. Icon selling it
- Shipping alliance responds to scrubber criticism
Members of the Clean Shipping Alliance 2020, a newly formed and growing global association consisting of 25 major maritime companies with over 2,000 ships from across the commercial shipping, ferry and cruise industries, are concerned and disappointed by the 1 November Tradewinds opinion column, "Era of using scrubbers will go down on wrong side of history". We believe this article is misleading a
- Scrubber debate flares up with 'sulphate' versus 'dieselgate' claims
Clean Shipping Alliance spokesperson Hamish Norton takes the lead in defending the use of scrubbers through 'settled' science, while critics continue their media campaign
- Japan looks at ship speed controls to tackle emissions
Government officials now drawing up controversial IMO proposal
- Rescued migrants refuse to leave cargoship in Libya
Stand-off involving 95 people in Misrata has been continuing for three days.
- Navigator Holdings books strong third quarter results
Shipowner secures new contracts and makes progress on funding terminal project.
- CGG charters Eidesvik research ship
Norway's Eidesvik Offshore has fixed out a research ship to CGG. The 5,200-dwt source vessel Veritas Viking (built 1998) has been booked for five months with options attached. The deal starts this month. "Eidesvik has entered into a partnership with Vestland Management for the source scope of work on this contract and with these two companies joining forces I am very confident that we will deli
- Altana lifts SD Standard Drilling stake beyond 5%
Altana Funds of the Cayman Islands has lifted its holding in Oslo-listed PSV owner SD Standard Drilling to 5.02%. The company acquired 380,000 shares and now has 28.9m. The slice is worth NOK 40.17m ($4.72m) at Tuesday's price of NOK 1.39 each.
- SunStone orders two more expedition cruiseships in China
Miami-based SunStone Ships has signed a deal for two more Infinity-class expedition cruiseships at China Merchants Heavy Industry. SunStone sells Victory Cruise to American Queen Steamboat Contract signing sees China mount cruiseship challenge The vessels are the fourth and fifth in the series. Sunstone said it is in talks for additional vessels and it is expected that the remaining five op
- Tokyo Century fires warning over Japanese bank funding
TradeWinds' Tokyo conference hears cheap regional bank finance needs to stop.
- DFDS sails into Brexit headwinds
Danish ro-ro giant says uncertainty around UK exit hitting volumes.
- SRI seeks to put seafarers' rights back on the agenda
Mariners are still being criminalised and many countries are not carrying out commitment to protect seafarers' rights, says group
- Color Group goes for second bond issue
Norwegian ro-pax owner to add to $82m raised earlier this year.
- Noble restructuring approved as loss slashed
Creditors back forming of new trading and bulker company to overhaul huge debt.
- James Marshall's Berge Bulk linked to capesize quartet
Transaction would double the Singaporean owner's purchasing activity in the sector this year.
- Dof: challenges remain but recovery signs appear
Norwegian owner says North Sea now one of most active OSV markets.
- October ship orders lowest for more than two years
Only 38 vessel contracts logged by Clarksons last month.
- Subsea 7 heading to Taiwan for $150m-plus contract
Norway's Subsea 7 has scooped a substantial new wind farm contract in Taiwan. Its Seaway Offshore Cables (SOC) unit will work on the Yunlin Offshore Wind Farm project for YunNen Wind Power Company. It will supply and install the export and inner array grid cable system in a deal worth between $150m and $300m. The Yunlin offshore wind farm is located 8km off the coast of Yunlin County within the
- Kirby Corp scoops CGBM 100's fleet
Expanding US tank-barge giant adds 27 inland units.
- Greeks charter out LR2 tankers amid firming mood
Some Greek shipowners have extended front cover for some of their long-range-two (LR2) product tankers, as the segment shows signs that it is moving up from the bottom. Product tankers set for significantly better 2019, says Lauro Colonial Navigation, Byzantine Maritime's US tanker and LPG offshoot, has reportedly fixed the 112,000-dwt tanker Ashley Lady (built 2010) to Vitol for a year. The ta
- Asian thirst for North Sea crude boosting ton-mile demand
Region's highest output in a decade is generating more cargoes for suezmaxes and VLCCs, says Poten.
- Britannia could escape hefty bill from frigate collision
Norwegian warship looks like it will be saved as investigators are trying to determine fault.
- Ex-Morgan Stanley banker tipped as next Noble chairman
Hong Kong commodity trader set to appoint private equity partner "within weeks".
- Machete wielding robbers target AM Nomikos bulker
Greek-owned ultramax boarded; master and chief officer threatened and tied-up, cash stolen.
- China Nav eyes low-carbon solution to Pacific island shipping
Owner looking at initial investment of $2.5m to design, build and operate low tech freighter.
|NOVEMBER 13, 2018|
- Trade policy could hurt some U.S. ports
Facilities with exposure to steel and aluminum trade likely will see the earliest impact.
- China denounces U.S. export ban affecting chipmaker
China also joined other countries in opposing a transparency proposal sent to the WTO by the U.S. and four other members earlier this month.
- California ports of entry brace for migrant caravan
- Round 5 for Russian export license extensions
- Wan Hai orders 20 container vessels
|NOVEMBER 13, 2018|
- World risks over-reliance on shale to plug oil supply gap: IEA
The world risks relying too much on US shale to fill a looming supply gap caused by under-investment and lackluster growth prospects from the likes of Russia, Brazil and Canada.
- IEA's Birol urges OPEC to 'behave' responsibly and maintain 'comfortable' market
OPEC and other key oil producers should "behave responsibly" to ensure continued "comfortable" market conditions, said IEA's Birol.
- No clear reason for bunker fuel-related engine failures: CIMAC
No clear reason has been found for the spate of bunker-fuel related engine failures on ships earlier this year, the International Council on Combustion Engines has said.
- External: Marine Bunkering(Rotterdam)B.V.
- Storm at Novorossiisk halts crude loadings; operations normal at other Russian ports
- External: Global Risk Management
- ANALYSIS: US condensate faces hurdles as regular arbitrage supply to S Korean buyers
This year saw rising volumes of the US' main condensate export grade head to Asia, with several South Korean end-users making purchases.
- Petrolimex moves to wind up Brightoil Petroleum's Singapore subsidary
The application will be heard by the court at 0200 GMT on Friday, November 23.
- FUTURES : Crude lower on expected US stock build, Trump comments
Hopefully, Saudi Arabia and OPEC will not be cutting oil production, Trump said in a tweet.
- Gibraltar bunker premium in Oct-Nov widens on curtailed supplier ops
Macoil was heard to have stopped offering at the port.
- Robust demand for 'top of barrel' products to challenge refineries: IEA
Strong demand growth for chemical products in developing economies has supported growth of some oil products.