|JUNE 15, 2018|
- Los Angeles May volumes fall 3.4pc as alliances favour Long Beach
- International Chamber Shipping decries Italy's migrant ban
- Chinese president blasts protectionism, calls for more open world
- LA port endorses US$1.3 billion 2018-19 budget
- Korea provides US$173 million in funding for Cebu port
- As oil rises, slow steaming returns to MSC and Maersk
- Kerry offers China-Caucasus-Turkey rail-road service
- Uber Freight expands throughout US, but thinly so
- Frebs Marine 'devises way to address feeder shortage'
- ReCAAP ISC Piracy meets in Hong Kong to widen interest
- South Asia box trade with Europe outstrips MidEast in Q1
- US implements new air cargo security requirements
- Hactl helps AirBridgeCargo move outsize problem
- Turkish Airlines in JV with Chinese to become express couriers
- Cargolux flies solar boat to female-led Arctic trek
- ST Engineering opens its 3rd US MRO facility at Pensacola
|JUNE 14, 2018|
- Container volumes between South Asia & Europe showing impressive gains in Q1
- MOL takes delivery of state-of-art coal carrier
- New weekly service connecting China & Australia announced
- NYK receives SBT Initiative Verification for commitment to greenhouse gas reduction
- Grape exports see 40 pc drop this year
- Tea exports to Pakistan see a surge in first four months this year
- APM Terminals offers new gateway to Iraq
- Chennai Port aims to become major bunkering hub
- DPT's efforts rescue crew of sinking tug
- Air India SATS completes 10 years of service at Kempegowda International Airport
- Logistics industry projected to grow faster than real GDP in FY19
- Ministry of Road Transport & Highways identifies 300 ongoing National Highways projects to be completed by March 2019
- Customs asks exporters to resolve errors before their pending refunds can be processed
- DGAD suggests retaining anti-dumping duty on engineering product from China & Thailand for five more years
- GST System's new functionality to update email & mobile numbers
|JUNE 15, 2018|
- Growing importance
- Fleet of electric trucks on trial at DB Schenker
- Air Partner opens new Los Angeles office
- Topping-out ceremony for logistics centre
- Launch of new maritime fund in Hamburg
- K Line shipmaster recognized for rescue
- Mobile repair service for wagons and tracks
- Mexicans to serve Madrid more often
- Evergreen & partners launch CAE service
- Ports of Indiana names new CEO
- Panalpina acquires Newport Cargo
- Latam Cargo launches strategic digital project
- Canada: railway revitalises grain hopper fleet
- Davies Turner - all shipshape in Bristol
- Fresh capital for MPCC
- Barig representative re-elected to ACCF board
- Freight station on China-Laos rail corridor
- Bombardier: demand in Africa and C Series to Airbus
- The new choice: France, a partner for your trade...
|JUNE 14, 2018|
- Massive crude gain predicted for America's Permian Basin
- New Schulte fund eyes Handy bulkers and feeders
- Multipurpose newbuildings resold to new buyer
- Maj. Gen Scott Spellmon takes over as DCG-CEO at USACE
- Yang Ming box ship detained in Australia
- Major associations to join forces for sustainable ports initiative
- China's Yingkou port slides deeper into debt
- Greece and Cyprus push for united approach on maritime regulations
- US sanctions could put Incheon port's ambitions on hold
|JUNE 14, 2018|
- Schiphol to evict tenants from cargo facilities for passenger aircraft parking
- Truckers in Argentina in strike threat over pay demand to parry galloping inflation
- Cascading of bigger box ships brings headaches for vessel planners
- Ports and their equipment suppliers aim to set standards for a hi-tech future
- Alibaba picks Emirates to make global 72hr delivery a reality
- Panalpina swoops for its fourth perishables takeover since September
|JUNE 14, 2018|
- MSC Cruises orders a further LNG fueled cruise ship at STX France
- Wight Shipyard delivers 20 m cat to Scottish operator
- Danos wins coatings contract for Shell deep water platform
- Norbulk protects raw sea water pipework with ultrasonic antifouling
- U.S. flag slips into Paris MOU's "Gray List"
- Royal Caribbean to take majority stake in Silversea Cruises
- BASS unveils enhancements to fleet management software
- Accurate CFD simulations key to development of Becker Mewis Duct
|JUNE 14, 2018|
- International Seaways closes six-VLCC deal with Euronav
Acquisition solidifies International Seaways' position in the middle-tier of publicly traded tanker companies in the US
- Blockchain-based marine insurance platform tries to recruit users
Blockchain platform Insurwave claims to streamline processes, but it needs more participants to come on board to see whether it...
- Political forces curb tanker trades with Iran again
Recurring scenes for both crude and product tanker owners as sanctions hit Iran trades, while booming LPG trade could also...
- ESC condemns emergency bunker surcharges as price signalling
A complaint has been made by the European Shippers' Council competition commissioner about emergency bunker charges
- Rising fuel costs hurting US shippers on land and at sea
Surging cost of hinterland connections from ports is increasingly being reflected in 'all-in' ocean freight transpacific contracts
- 'Political monster' casualties more expensive because of unlimited liability
Marine mutual holds annual general meeting in Gothenburg today
- Brussels calls for input on consortia block exemption
The European Commission will hold hearings in the third quarter of the year ahead of a decision on whether to...
- APL launches new Asia services
New loops offered between China and ports in Indonesia and Australia
- Rolls-Royce restructure will not see jobs cut from marine unit
Rolls-Royce is cutting 10% of its workforce but none of the job losses will hit the marine business, which has...
- US to decide on China tariffs
President Trump has threatened to raise tariffs on up to $150bn of Chinese goods in response to complaints about Beijing's...
- Maritime employers showing 'complacency' over pensions provision
Undervaluing employee pensions provision could lead to talent gap
- Daily Briefing
Carrier reliability: A day late and a dollar short | Maersk and MSC plan more speed cuts in punctuality drive...
- Viewpoint: Buying bio-safety
If the Australians guaranteed that box charges would be hypothecated to quarantine services, perhaps there would be less resentment of...
- Crew member killed in tanker explosion
Situation on board was under control and the rest of the crew was reported as safe
|JUNE 14, 2018|
- LTL 'legends' see technology transforming US trucking
- India sets deadline for nationwide RFID program rollout
- Severe Chittagong congestion causing up to 10-day delays
- US-China container trade accelerating despite tariffs, import bans
- Duisburg's new ocean, rail services attracting shippers
- Amazon offers matchbacking to US ag exporters
|JUNE 14, 2018|
- Dorian investor see 'overdue' consolidation
Overbuild in the gas ship industry has given the advantage to charterers, and not to shipowners.
- Seaways set to surprise
New York owner on the verge of rescuing initial deal to buy six VLCCs from Euronav after it had appeared relegated to smaller buy only last week.
- Shippers call bunker surcharges 'unjustified'
Main trade body for cargo interests wants to make anti-competition regulator aware of surcharges.
- For latest aspiring owners, does the Oslo shuttle still reach New York?
What worked for Scorpio Bulkers and Dorian LPG but failed for Navig8 and so far Hafnia Tankers now looms as a conundrum for newest crop of IPO hopefuls
- Day talks 40 years of change in marine finance
But she's quick to point out the change has not all been for the good
- German innovation widens scope for fresh sources of capital
Retrenchment of shipping banks has led to creative thinking designed to put the ship-finance bandwagon on the road again
- Portugal makes case for place on China's Maritime Silk Road
China and Portugal are increasing their cooperation on shipping and maritime issues, and the deepwater port of Sines could be the next and most distant pearl on China's string
- Hoegh Autoliners aims to put price fixing challenges in rear-view mirror
New chief executive discusses efforts to get out from the legal cloud, plans to grow new and existing markets, and the different contributions from the company's Norwegian and Danish backers
- Bergshav hunts aframax tankers as profit doubles
Owner primarily after Asian-built tonnage to boost its 14-strong fleet
- Vroon offloads third product tanker
- Deal for VLCC trio up for grabs as pace of Chinese finance slows
Lease financing deal for three Landbridge units faces competition from Europe as ship-finance houses in China struggle to meet investment targets
- Gaps in world trade regulation let China build 'Great Wall at sea'
Beijing wields an unhealthy amount of power when it comes to global trade and corporate regulation - not least in shipping, where the conflicts of interest have multiplied
- Kmarin newbuild plan faces doubt over 'financial muscle'
- Scrubbers, LNG and compliance defined Posidonia 2018 agenda
Threats and opportunities presented by tightening environmental rules proved the most potent talking points at this year's gathering of the shipping world in Athens
- Alibra Shipping makes a splash with end-of-Posidonia pool party
- Can shipping's borrower elites hang on to their 'privilege'?
Veteran banker says line between 'haves' and 'have-nots' could become blurred if banks adopt sensible repricing of risky shipping debt
- Regional Japanese banks on pace for ship-finance entry
Tokyo 'mega' banks grow wary as local rivals increase liquidity and visibility in domestic ship-finance market
- Griffiths finds true calling after rebranding
Morgan Stanley man is miles away from his former life in Vancouver and the audit books of local owner Teekay
- London P&I Club opts for new home in the sun
P&I mutual, which boasts a strong Greek and Mediterranean membership, is 'satisfied' as it decides to make Cyprus its post-Brexit domicile
- Pink is the new black - or blue, or grey
- Braemar's Evans wins bumper £500,000 pay-off
Manner in which details of Louise Evans' payout were disclosed has sparked speculation as the reasons for her departure remain unclear
- Online auction site 'sets benchmark with first sale'
- Rickmers and MTT opt for scrubbers on newbuildings
Owners see the logic of adding exhaust systems to BengalMax containership series
- Sea Consortium buys its largest vessel ever as spree continues
- BP clearout continues as Naftomar secures VLGC
- SCF shows interest in icebreakers and MR tankers
- Sovcomflot gears up for its first LNG-fuelled aframaxes
Charterers showing 'huge interest' in tanker newbuildings, says executive
- Newbuilds unlikely as LNG Croatia puts price cap on regas unit
- Qatar finally gets a toehold in FSRU sector
- Lebanon unveils potential bidders for FSRU trio
List includes some unexpected pairings as floating regas project action hots up in the face of fresh LNG volumes coming onstream
- Sudan issues formal tender for country's first FSRU
- World's two oldest LNG ships sold for demolition
Brunei Gas Carriers sheds the last of the old guard, bumping up LNG carrier scrap sales for this year to three
- SGMF's LNG bunkering tool set for wider industry roll-out
- Nineteen OSVs return to North Sea out of long lay-up
- Ever-fewer North Sea rigs in need of AHTS support
A rise in dynamic positioning on rigs partly explains why owners of AHTS vessels are seeing slack demand at the moment, says Westshore
- Africa adventure success for Augusta Energy
Nascent product trader's activity spreads to 20 countries as it makes debut in crude sector with Nigerian exports
- Indonesian sun begins to set on Japanese aframax trades
Shipowners cut back as route that was a pillar of Asian trades continues to shrink
- Bryggen slims period fleet as profits slump
- Marinakis cuts $122m Iraqi deal for VLCC trio
Long-term charters herald first step in fleet expansion plans for Dubai-based joint venture Aissot
- Transpetrol sells cash cow MR to IMS
- Qatari aggregates outfit bulks up with panamax pair
- Tributes pour in for top Hamburg broker Peter Gast
Henning Oldendorff and Heinrich Schoeller speak of a 'very impressive man' and good friend, who passed away on 5 June
- CBC Holding banks $45m from bulker sale
Capesize fetches a very strong price despite being sold with time charter attached.
|JUNE 14, 2018|
- Is container shipping industry boxed in?
During the past several years, shippers have watched containerships grow dramatically in size, mergers and acquisitions rapidly reduce the ...
- HMM joins New York Shipping Exchange
Hyundai Merchant Marine has become a member of exchange board of the New York Shipping Exchange according to a filing with the Federal Mari...
- Maersk adds Marseilles to Med-Mideast loop
Maersk Line is adding its second new call to the Port of Marseilles Fos in as many weeks, according to a statement from the Marseilles port...
- How to be shipper of choice in carrier market
As tight truck capacity across the nation continues to challenge supply chains, it's important for shippers, carriers and 3PLs to work toge...
- DNB pioneers carrier earnings forecast model
DNB Markets has partnered with ocean freight rate benchmarking and market intelligence platform Xeneta to develop what it is calling a "cry...
- SCPA secures $49 million for harbor dredging
The South Carolina Ports Authority said it has received $49 million in federal funding for the Charleston Harbor Deepening Project. Alloca...
- European shippers protest bunker surcharges
The European Shippers' Council has sent a letter to European Commissioner for Competition Margrethe Vestager calling emergency bunker surch...
- Talking Trade with NCBFAA President Amy Magnus
A.N. Deringer Director of Customs Affairs and Compliance Amy Magnus took over as president of the National Customs Brokers and Forwarders A...
- Commerce eyes alleged propane cylinders dumping
The U.S. Commerce Department will conduct investigations into alleged dumping of steel propane cylinders on the U.S. market by China, Taiwa...
|JUNE 14, 2018|
- FUTURES 5: Headwinds for ICE Brent as Saudis, Russia eye output boost
Crude and product futures held steady throughout much of the US trading day Thursday despite fresh indications that Saudi Arabia and Russia would agree to increase output.
- ARA fuel oil stocks rise 30% on week amid static arbitrage east: PJK
Fuel oil stocks in the Amsterdam-Rotterdam-Antwerp hub rose 30% to 1,481,000 mt in the seven days to Wednesday, according to the latest data from PJK Consulting released late Thursday, with no VLCCs or Suezmaxes leaving Rotterdam for Singapore over the period.
- TANKERS: Long Range 1 freight on Med-Japan route hits 19-month low
Long Range 1 tanker freight rates on the route from the Mediterranean to Japan have dropped to a 19-month low on thin naphtha demand in Asia, while West African demand has been on hold with Nigeria drawing from offshore gasoline supplies over the past two months.
- Saudi power generation demand surge boosts Europe HSFO draws: traders
Fuel oil exports to Saudi Arabia from Europe for air-conditioning requirements have surged over the last six weeks which has helped to make a dent in the previously oversupplied Northwest European market, sources said.
- Container giants MSC, Maersk eye slow steaming to cut costs amid rising fuel prices
Slow steaming is to become a more prominent feature on some routes for container shippers as industry leaders Mediterranean Shipping Company (MSC) and Maersk look to cut costs and improve reliability, the companies confirmed Wednesday.
- Bunkering at Malta faces limitations due to bad weather
Bunkering operations at Malta were facing limitations due to bad weather Thursday, a spokesman for the port authority said Thursday.
- External: Marine Bunkering(Rotterdam) B.V.
- FUTURES: Crude remains low on record US production
Downside risks from slower economic growth and geopolitical tensions have weighed in on current oil prices, analyst at Phillip Futures said.
- Expected Chinese evasion of US sanctions on Iran clouded by trade, diplomatic talks
China would not cooperate with re-imposed sanctions unless it got a big concession from the Trump administration,a former State Department official said.
- OceanConnect Marine Trading trades for 1st time in S Korea's bunker fuel MOC process
The last time bunker fuel changed hands during the South Korean bunker fuel MOC was in December.
- Iraq restarts pumping through vital 40,000 b/d northern oil pipeline
The pipeline can carry up to 40,000 b/d of crude from the Kirkuk oil hub south to the Baiji refinery.
- US' Trump takes aim at OPEC for 'too high' oil prices
An indirect signal to US ally Saudi Arabia to open up the taps.