|MAY 15, 2018|
- Port of Los Angeles slips 1.3pc to 705,536 TEU in April
- Panama Canal ups neopanamax slots to 8, sets beam at 51.2 metres
- HIT Shipping Summit 2018 - 'Evolving Beyond Boundaries'
- New PM to review Belt & Road in Malaysia, fears warships
- Truckers strike as Mumbai's JNPT decrees 4 firms to do work
- Mega ships in mega alliances boosts demand for feeders
- Kerry ties up with D&G Technology along Belt & Road routes
- DHL Q1 sales slip to US$17.4 billion because of unit sale
- Big cargo carrying drones to be tested by Wyoming company
- Swissport obtains US$100 million partial repayment from HNA
- Heathrow April up 2.3pc, maintains record-breaking cargo streak
|MAY 14, 2018|
- Govt. finalises standards for vessels plying on water bodies
- Hapag-Lloyd has a positive start in 2018
- Maersk Line enhances two-way-commitment offer origin China
- MOL joint venture Haiphong International Container Terminal opens in Vietnam
- Nova Natie & PSA Antwerp announce realignment of activities of joint venture
- OOCL honoured with HKAEE Gold Standing & recognised for Outstanding Green Leadership
- SCFI Asia-Northern Europe rates up
- ZIM Appoints Xavier Destriau as Chief Financial Officer
- Bill of Entry (Electronic Integrated Declaration and Paperless Processing) Regulations, 2018
- Transporters' strike against DPD transport solution at JN Port called off
- FreightBro raises seed round & adds global technology leader as advisor
- Cross industry group sets new standard with revised bunker contract
- South East CEO Conclave 2018 to deliberate on the impact of disruptive technologies on shipping & logistics on June 29 in Chennai
|MAY 15, 2018|
- More funds for key transport links in Albania
- Hungarian railway invests in train control system
- Expanding in Almaty
- Timar Group receives Moroccan logistics award 2018
- Hapag-Lloyd inks red figures in Q1
- FAA selects ten drone pilot programmes
- First Silk Road train arrives at port of Antwerp
- Al-Gosaibi goes live on Kale Logistics Solutions' Capella
- Financial stalwart for Zim
- Port of Gothenburg on a rising tide
- British airports welcome "Fredds"
- Northern latitudinal railway project goes ahead
- Four Parx finishes work on logistics park
- Asian Pacific airlines improve financial performance
- Reshuffle at Gebrüder Weiss in 2019
- Foreign investments pushing Hai Phong
|MAY 14, 2018|
- Hapag-Lloyd slumps to loss
- Pacific Basin to acquire four bulk carriers for USD100 million
- Profits collapse at Malaysia's MISC
- Asian port congestion plays havoc for carriers, adding costs, disrupting operations
- MOL highlights Vietnamese investment as it opens second terminal
- Malaysia rethinks Belt and Road projects
- Epic Gas quietly confident on market prospects, weighs sulphur cap options
- Japanese VLCC sales show asset depreciation
- Coal trader Dongguan Huihuang grows fleet with "K" Line vessel purchase
|MAY 14, 2018|
- Canadian forwarders call for end to 'appalling' costs and 'broken' inspection model
- Hapag-Lloyd stays bullish despite loss-making first quarter
- Silk Way West adds two freighters to fleet and expands network
- ANALYSIS - The possible benefits of a partial tie-up between Kuehne + Nagel and Panalpina
- UK logistics sector urges government to invest in road infrastructure
- Tesla may be abandoning Semi project
- UPS and Teamsters discuss two-tier wages for Sunday deliveries
- Xavier Destriau named as new chief financial officer of Zim
|MAY 14, 2018|
- CBP issues RFI for Border Patrol riverine craft
- Vigor wins $42.2 million contract award for USS Sampson work
- Angelicoussis Shipping to retrofit 36 ships with Ecochlor BWTS
- Fincantieri in MOU with Australian 3D printing innovator
- Redline rolls our diagnostic leak detection system for Cat dealers
- Tuco Marine sells another fish farm support boat to Norway
- Rolls-Royce and AXA in LOI on risk reduction and autonomous ships
- ZIM names Xavier Destriau as new CFO
- Pacific Basin in $88.5 million, four-vessel buy
- Paris MoU will take new sulfur limits seriously "from day one"
|MAY 14, 2018|
- Pyxis posts first-quarter profit
Modest upward trend in spot rates seen for the remainder of 2018
- UPS opens $163.1m facility by London Gateway
The new facility will employ 500 people at the DP World London Gateway Logistics Park
- World Boxship Fleet Update: Orders on hold as owners await delivery
Yards face slim pickings for boxship orders as owners and carriers consolidate their fleets in the face of reduced scrapping
- I heart Norway, but EEA is no cure for Britain's Brexit blues
Calls to emulate Oslo's bespoke deal look like a political non-starter
- HSBC makes first trade finance transaction using blockchain
Documentation exchange took 24 hours to complete compared with the five to ten days needed in traditional transactions
- Conoco reported to have seized PDVSA products from Curaçao refinery
Products confiscated from the Isla refinery run by the Venezuelan state oil company
- Pacific Basin to issue new shares to part-fund bulker buys
With a dry bulk recovery firmly in place and purchase prices still attractive, Hong Kong-based Pacific Basin has agreed to...
- Greece to open private maritime academy
Graduates of the Warsash-backed academy will be certified by the UK Maritime and Coastguard Agency
- Zim names Destriau as new chief financial officer
Xavier Destriau joins Zim from LTF Partners, replacing acting chief financial officer Yohai Benita
- Skuld books another steady surplus
Results at Norwegian club in line with figures from previous year
- Epic Gas sees improving rate environment
Slowing fleet growth with few newbuilding orders, coupled with healthy demand growth, will support pressurised LPG shipping in the small-sized...
- Maersk and MSC review Iran operations after US nuclear deal decision
MSC is reviewing its business relationships with Iran to understand whether any are affected, while Maersk Line believes it has...
- India's major ports may face indefinite strike action
The workers have also called in for another strike on May 28
- North Vietnam opens first terminal able to handle 14,000 teu containerships
The move comes as carriers are cascading vessels of bigger sizes into Southeast Asian ports amid deliveries of ULCs and...
- MISC earnings fall on weaker petroleum tanker market
The group's revenue fell 32.3% year on year in the absence of a one-off gain in the year-ago period, lower...
- Posidonia 2018: Smart shipping requires smart regulation and smart people
Without a more holistic approach to industry changes that recognise the inextricably linked environmental, social and economic pillars of development...
- Hapag-Lloyd remains in red amid 'challenging market'
Hapag-Lloyd chief executive Rolf Habben Jansen says "the market environment is challenging", with any improvement not expected to have an...
- Guangzhou announces $16bn maritime investment plan
The government has promised Yuan100bn investment in maritime-related infrastructure, technologies and skills over a three-year timeframe
- Capesize earnings at highest in almost five months
Rally inspired by solid iron ore shipments from West Australia and Brazil to China
- Thailand's RCL narrows loss as revenues rise
The loss for the quarter comes after two quarters of profits that demonstrated seasonality of demand, with the first quarter...
- US ethane and ethylene trades require another 100 ships, Stifel estimates
Niche trades based on by-products of shale gas are expected to boom on US Gulf export infrastructure development
- Singapore's POSH may chalk up $13m from Mexico arbitration
Its offshore support vessel business made a revenue of $21.7m and a gross loss of $0.3m as utilisation rates rose...
- Shipbuilding issues raised at Japan-China-South Korea summit
Problems regarding fair competition will be further discussed at next year's G20 summit being held in Japan
|MAY 14, 2018|
- US shippers warned to act as truck rate hikes 'get stronger'
- Asia port congestion tests supply chains
- NYSHEX's ability to scale up hinges on industry evolution
- Dhaka-Chittagong road construction delays exports, imports
- Surging US flatbed demand delays service
- JNPT truckers end strike after deal to freeze logistics reform
|MAY 14, 2018|
- Carnival opens Miami operations hub
New fleet operations center is Arnold Donald-led company's third and largest such facility, the other two being in Seattle and Hamburg.
- Ecochlor to fit BWTS on Angelicoussis ships
US-based ballast water kit manufacturer set to equip close to one-third of Angelicoussis' fleet.
- Exmar lands FSRU charter with Gunvor
Trading house to take over employment of world's first floating barge-style FSRU.
- Carnival to build port in Dubai
Miami-based cruise major announces plans to erect 15,000-square-metre terminal in partnership with Dubai-based conglomerate Meraas as part of a new Dubai Harbour.
- ABN AMRO profit narrows amid bad loans
Dutch lender pays out more than triple in loan impairments in offshore service and shipping, other sectors.
- Diana Shipping leads dry cargo stocks rise
Positive outlook, improving rates and forecasts of a return to profit all help drive owner's share price.
- Debt reprieve fuels Pyxis' quarterly results
Product tanker specialist sees 'choppy' chartering activity in the months ahead.
- Stealth Maritime plucks Toisa tanker
Greek shipowner one of several moving on ships being sold by Clarksons for US court.
- Hapag closing in on final 2020 vision, says chief executive
German container line sets tentative August deadline for how it will meet new emissions laws.
- HMM and PSA raising stakes in Busan terminal
Korean owner and Singapore port operator to fully own joint venture.
- OSV players optimistic on 2018 demand
Clarksons Platou survey reveals 80% of owners and charterers expect ship use to rise.
- Pacific Basin Shipping snaps up $88.5m quartet
Deal is a near copy of major transaction inked by the Hong Kong-listed company last August.
- Paris MOU fires 2020 warning
European port state authority says it will take compliance with fuel regs "very seriously".
- Vitaly Arkhangelsky loses 'awkward' $90m loan case
Oslo Marine Group chief fails to persuade UK judge of $500m conspiracy by "ruthless" Bank St Petersburg to deprive him of shipping assets.
- LNG market slide set to reverse, says Fearnley Securities
Rates have hit the bottom and could climb to $100,000 per day in 2020, analysts believe.
- Zim brings in CMA CGM man as CFO
Israeli line appoints Xavier Destriau to replace acting finance chief Yohai Benita.
- Harald Espedal to chair SolstadFarstad
Investment specialist replacing Terje Vareberg after seven-year stint.
- Hapag-Lloyd stays in the red during first quarter
German container line says results are solid in challenging market.
- MISC sees first quarter profit drop 55%
Weaker tanker rates take their toll as Malaysian shipowner prepares for challenging year.
- HSBC and Cargill hail groundbreaking blockchain bulker deal
Encrypted trade finance transaction for soyabean cargo could pave the way for use in $9 trillion market.
- Shearwater adds two more survey contracts
Rieber/Rasmussen JV wins again in the North Sea.
- Blast damages Turkish bulker off Yemen
Cause of incident involving Ince Shipping vessel not yet clear.
- Vallianz returns to the black for full-year
Offshore vessel operator says OSV scrapping is starting to pick up in a move that will boost utilization.
- South Korea diversifies LNG import sources in 2017
World's third largest importer taking increasing supplies from the US and Australia.
- Liner sector continues to improve, but dangers lurk
Optimism on the horizon in parallel to postponed containership deliveries, says Affinity.
|MAY 14, 2018|
- Hueneme breaks ground on infrastructure project
Joined by community members and project stakeholders Friday, the Port of Hueneme celebrated the groundbreaking of the terminal paving impro...
- Silk Way West Airlines adds Liège flights
Silk Way West Airlines announced that it is staying on its expansion course by adding regular flights between Liège Airport and its global ...
- Daseke hires industry veterans to launch Fleet Services
Daseke Inc., the largest flatbed and specialized trucking company in North America, on Monday announced the formation of Daseke Fleet Servi...
- BlueGrace opening Chicago office, adding 80 jobs
Chicago Mayor Rahm Emanuel on Monday joined BlueGrace Logistics , a nationwide third-party logistics provider, to announce the company is o...
- Vietnam's new port opens for business
Lach Huyen Port in northern Vietnam officially opened for business Sunday with the launching of the Haiphong International Container Termin...
- NRF: U.S. container imports steady in March
Major retail ports in the United States handled 1.54 million TEUs of containerized imports in March, a decrease of 0.7 percent compared wit...
- White House: Infrastructure bill unlikely this year
President Donald Trump and Congress are unlikely to produce any significant infrastructure investment legislation before the end of the yea...
- FMC reviews 26 OTI license applications
The U.S. Federal Maritime Commission has received 26 ocean transportation intermediary license applications and changes for review. Person...
- FDA releases small business guidance for food safety compliance
The Food and Drug Administration on Monday released the Small Entity Compliance Guide for meeting Food Safety Modernization Act requirement...
|MAY 14, 2018|
- Saras says high oil prices as much of a worry as US Iran sanctions
Italian refiner Saras said Monday it will continue to buy Iranian crude for now despite US sanction the CEO said
- OPEC coalition has 'all the tools' to balance market after US's Iran move: Novak
The OPEC coalition has "all the tools to balance the market" following the US decision to withdraw from the Iran nuclear deal, Russia's acting energy minister Alexander Novak said Monday.
- ICE Brent/WTI spread above $7/b as NYMEX crude lags behind
The ICE Brent/WTI spread jumped 80 cents to $7.24/b Monday, the widest it has been since May 2015, providing a strong incentive for US producers to export barrels overseas.
- ARA fuel oil stocks rise 13% on static fixture list: PJK
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region rose 13% in the week to Wednesday to 1,150,000 mt, the latest data from PJK Consulting showed Friday, as no VLCCs or Suezmax vessels have been booked to take product east for May or June from Rotterdam.
- Rotterdam Q1 bunker sales up 2.6% on year
Total sales jumped to 2.54 million cu m, according to data released by the port authority Monday.
- Maersk Tankers, Torm among others refuse to call at Iran ports: industry officials
"We will not lift any cargo from Iran with immediate effect," a source at Torm said.
- FUTURES: Crude oil still down on Baker Hughes data, supply concerns
"Don't worry about supply ... I don't think there will be issues as a result of sanctions," UAE energy minister Suhail al-Mazrouei said.
- Japanese shipowner fined $1 mil for illegal discharge of oily waste
The practice came to light during a US Coast Guard inspection of the vessel on May 17, 2017.
- ADNOC ships maiden crude cargo for India's SPR terminal in Mangalore
The cargo of 2 million barrels of Abu Dhabi crude was loaded in the presence of ADNOC CEO Sultan Ahmed Al Jaber and Indian oil minister Dharmendra Pradhan.