|MAY 16, 2018|
- CMA CGM rate up US$1,000/FEU in June from Asia to West Africa
- Hapag-Lloyd narrows loss 40.9pc to US$40.8 million, sales soar 23.8pc
- Fully automated Qingdao CT lifts 790,000 TEU in first year
- PM opens Hutchison's 3.1 million TEU terminal in Karachi
- Box shipping head haul rates weaken 5.5pc in March
- US retailers call for delay in LA-LB PierPass flat fee
- CMA CGM orders biggest ships ever with dual-fuel engines
- Seaspan takes in second of four 10,000-TEUers for CMA CGM
- Big stock slide hits US$63 billion Thai infrastructure plan
- Fined US$1 million for bilge dumping off North Carolina
- USDA expects record soybean exports, ignores trade row
- Hong Kong's Hacis to convert western Pearl to air cargo
- Boeing to buy air parts firm KLX for US$4.25 billion
- UK re-introduces dogs to detect explosives in air cargo
|MAY 15, 2018|
- MSC expands intermodal shipping services via port of Trieste
- Pre-peak Asia-Europe capacity outlook
- SCI & MoS sign MoU for 2018-19
- Sea Cargo Manifest & Transhipment Regulations, 2018
- Govt mulling ways to provide incentives to merchant exporters
- June gathering of the LNG industry to look at ship/shore interface
- PSA's BMCT continues to provide employment opportunities to JNPT PAPs
- A.S. Shipping expands presence in Asia by opening its own offices in Vietnam
- Amendments in Appendix 3B of Foreign Trade Policy 2015-20
|MAY 16, 2018|
- German cabinet says "yes" to uniform road charges
- PTC support for short line railroads in USA
- Vienna celebrates 100 years of airmail services
- Challenge for TUP
- New satellite for KVH in Singapore
- APL axes carbon emissions
- More additions to locomotive fleet
- Another location for Militzer & Münch
- Savino Del Bene expanding in USA
- Mixed bag of results for HHLA
- "Sister airports" on show at Air Cargo China
- Joint effort to extend "Belt and Road" network
- Hacis + CKS set up strategic partnership
- ITG Netherlands under new guidance
- Hoyer Group achieves record turnover
- Building up Zeebrugge-Scotland link
|MAY 15, 2018|
- DSME profits even as Hyundai HI and Samsung HI see red
- Tsakos Energy Navigation orders Aframax pair
- Box ship sales slowing, timecharter rates still firming
- Exmar concludes 10-year FSRU barge charter with Gunvor
- Star Bulk Carriers acquires entire Songa Bulk fleet
- Singapore O&M financials hint at cautious recovery
- Kyklades cancels Sungdong's only remaining orders
- South Korea rejects newbuilding subsidy claim
- Updated: HMM posts first quarter loss but regains 50% stake in Busan terminal
|MAY 15, 2018|
- P&O Ferries boosts capacity to compensate for lost Scotland-Europe freight link
- Major forwarders begin the fight to get ahead in the digital supply chain race
- CEVA unveils plans for relationship with CMA CGM as Q1 results satisfy
- Investors worry as major box lines still falter on strategy for low-sulphur laws
- No Brexit fears for Delamode as profits soar after IPO and acquisitions
- FedEx Smith sees blockchain as 'next frontier' for logistics
- Target experiments with faster supply chain strategy
|MAY 15, 2018|
- Austal to expand commercial shipbuilding capacity in Australia, Asia
- Silversea Cruises orders a third Silver Muse sister ship
- BIW lays keel of future USS Daniel Inouye (DDG 118)
- Star Bulk swoops again: will buy Songa Bulk ships plus three more
- Navy oiler to be overhauled at Boston Ship Repair
- New cruise terminal would create tourism hub in Dubai
|MAY 15, 2018|
- E-commerce giants will punish poor service by taking over themselves, warn freight forwarders
Amazon and Alibaba are likely to eye up the possibility of taking over a carrier unless sector reliability makes them...
- ONE's Nixon expects teething problems around booking to end this month
Familiarising staff with NYK booking systems proved trickier than expected
- Carrier consolidation proving little benefit to customers
The problems will continue until carriers and shippers find answers together, says Nestlé head of global logistics procurement
- Iran trade implications unclear, say forwarders
Countries outside the US are trying to keep together the Iran deal without having the US on board
- Court ruling against Essar in loading case clarifies liability rule
Shipowner Agile emerges with complete indemnity after arbitration overturned
- Cosco Shipping Singapore returns to profit
Cosco Shipping International (Singapore) recorded a $2.1m net profit in the first quarter after the business restructuring
- Will dragonflies delay the Elbe dredging?
Attendees at Global Liner Shipping downplay significance of new intervention by NGOs
- US sanctions expected to make NITC the main carrier of Iranian crude
Maersk Tankers stops taking orders related to Iranian trades while some others adopt wait-and-see approach
- Shipping consolidation 2.0
Mergers and acquisitions have picked up pace since 2017 with six major deals valued at $4.7bn
- Braemar's net loss widens after acquisitions
Company posts a loss of £2.9m ($3.9m) compared with a '489,000 loss a year earlier
- MOL booked over $500m losses from vessel chartering to ONE
The losses cover the entire chartering period of the vessels but are adjustable based on annual changes of market conditions
- Full effect of carrier consolidation forecast to come in 2019
Rolf Habben Jansen expects further mergers in the months ahead, but not on the scale seen in recent years
- DFDS raises $160m to finance fleet renewal
DFDS bought UN Ro-Ro, comprising12 vessels and two port terminals, in April for about $1.1bn
- Medium-size boxships facing extinction
Focus on large-capacity containerships is likely to lead to a shortage of medium-sized vessels as current fleet ages, the Global...
- Blockchain is 'a money-burning disaster'
Lack of industry-wide standards means moves to digitalise are fragmented
- Star Bulk to add 18 ships to fleet
New York-listed Star Bulk says the acquisitions are expected to provide it with economies of scale
- Angelicoussis to retrofit 36 vessels with Ecochlor ballast systems
Greek owner opts to install the systems that can meet IMO and USCG regulatory requirements
- Gener8 presents final results before merger vote
Gener8 is granted debt covenant waivers until June 30 after non-compliance with interest coverage ratio
|MAY 15, 2018|
- ELD complicates US agriculture exporters' supply chains
- Reporter's Notebook: US shippers seek high-tech link to capacity
- Searching for trucks, BCOs turn to dedicated drayage
- Mexican importers shift cargo from US West Coast to home ports
- Higher fuel, charter costs pull down container line earnings
|MAY 15, 2018|
- Nordic American Offshore widens loss
Herbjorn Hansson-chaired PSV operator stays optimistic on North Sea market.
- Star Bulk now 'dominant' dry bulk name
Analysts praise acquisition of Songa fleet, but caution that benefits will accrue over time.
- Tidewater not worried about competitors
Restructured OSV owner sees itself at financial advantage as market begins to recover.
- International Seaways nearer fleet renewal
Diversified tanker owner sells more vintage tonnage in preparation for taking Gener8 VLCCs.
- Borr taps debt market to buy unwanted rigs
Offshore drilling rig owner issues first convertible debt offering as it waits to take delivery of five new rigs.
- Mermaid rosy on 2018 despite return to red
Thai-backed offshore ship operator expects offshore industry to be 'dramatically improved' as it registers a $6.18m loss for the first quarter.
- Billung credits Clarksons as Star Bulk deal strips away Songa Bulk's 'boring' tag
Executive opens up on deal that takes $1.2bn dry cargo giant to Oslo Capital Markets.
- Kyklades pulls the plug on Sungdong aframaxes
Greek owner cancels deal for five newbuildings after Korean yard files for receivership.
- Cosco returns to profit for the first quarter
Singapore-listed firm's late April predictions for positive results come true after acquiring two logistics businesses.
- BP secures five Vroon OSVs over two years
Oil major can extend ERRV charters to up to five years, Dutch owner says.
- Kidwell confident of Braemar Response sale
Chief executive says plan is to remain diversified as London-listed group prepares to offload casualty response activity.
- TTA bulker profit hits eight-year high
Thai owner says average daily rates jumped 46% in first quarter.
- Navios Holdings racks up quarterly loss
Major dry bulk operator sees improved top line and rate environment, but expenses overwhelm.
- Blystad thinks outside box to continue bulker asset play
Songa Bulk's failure to perform in capital markets like it did at asset play helped drive Star Bulk combination.
- Silversea inks $381m ship at Fincantieri
Monaco-based owner returns to Italian yard for third vessel in expansion drive.
- CNOOC orders FPSO at Beihai Shipyard
Chinese producer to expand its fleet with unit due in 2020.
- German auction site hits S&P market
All German on-line auction site has goal is to create a transparent sales and pricing platform.
- DFDS raises $160m for U.N. Ro-Ro takeover
Owner's private placement of shares significantly over-subscribed.
- Eastern Mediterranean bulker survives second attack off Port Harcourt
Greek owner confirms supramax has been targeted, but crew are unharmed.
- Viken Shipping aframax holed in collision
Tofteviken suffers nine-metre hull gash in New York clash with fishing vessel.
- Commerzbank eliminates drag from ship finance
Revaluation of maritime book sees lender cut out loan losses in first quarter.
- Eidesvik strikes charter deal to 2025
Owner extends Seven Viking agreement with Subsea 7 as it falls to loss.
- Braemar finance chief standing down
Louise Evans pursuing other interests after deciding not to stand for re-election at AGM.
- Naves deal helps boost full-year results at Braemar
London-listed shipbroker also sees technical business return to profit as shipbroking arm builds forward orderbook.
- PSV player SD ready to profit from upturn
Fleet of 20 vessels well-positioned to cash in on recovery, Martin Nes says.
- Engelhart loses claim for non-existent cargo
Lloyd's syndicate triumphs in court row over containers containing worthless copper slag.
- New Zealand biofouling laws come into force
New rules aim to protect marine environment and local aquaculture industries.
- Austal gives green light to regional expansion
Aussie fast ferry specialist to increase capacity at existing Philippines and Henderson yards.
- Star Bulk Carriers to buy Songa Bulk fleet
US-listed Greek owner also set to apply for secondary listing on the Oslo stock exchange.
- Ezion to jettison jack-ups, tugs and barges
Singapore-listed offshore vessel operator to dispose of assets facing low utilization.
|MAY 15, 2018|
- T.S. Lines boosts reefer capacity
Taiwan's T.S. Lines Ltd. has purchased 1,000 PrimeLINE container refrigeration units from Carrier Transicold. Carrier said the purchase wi...
- Gravity Supply Chain secures new funding
Logistics technology startup Gravity Supply Chain has garnered $7 million in new funding from venture capitalist group Wavemaker Partners t...
- U.S.-flag cargo on lakes down 14 percent in April
U.S.-flag Great Lakes freighters moved 6.1 million tons of cargo in April, a decrease of 14 percent compared to a year ago. The April float...
- SSA Containers president will receive Connie Award
Edward Anthony DeNike, president of SSA Containers, a division of Carrix, and a 50-year veteran of the international shipping industry, wil...
- Port of Oakland sets box import record in April
Container volumes at the the Port of Oakland are up 2.9 percent to791,371 TEUs through the first four months of 2018 compared with the same...
- Long Beach volume growth continues
Port of Long Beach terminals handled 618,438 TEUs of containerized cargo in April, an increase of 10.8 percent from the same month a year a...
- Canadian government invests in Montréal's port
The Canadian government is dedicating $45.8 million Canadian in funding for road infrastructure adjacent to the port in the City of Montréa...
- WTO members anxious about rising trade tensions
Forty-one members of the World Trade Organization say they are concerned about rising trade tensions and the potential for a resulting incr...
- Trump tells Commerce to get ZTE back in business
As the Trump administration appears to be reconsidering its stance regarding Chinese telecom giant ZTE in the context of ongoing bilateral ...
|MAY 15, 2018|
- ICE Brent/WTI spread reverses course, narrows slightly
The ICE Brent/WTI spread narrowed Tuesday after having reached its widest level in three years Monday, as a steady climb in US production weighs on NYMEX crude, sending a strong signal to export more barrels.
- ConocoPhillips 'not close' to recouping $2 billion of Venezuelan assets: CEO
ConocoPhillips has begun the process of recovering over $2 billion in Venezuelan global assets that was awarded last month by an international trade court, but is "not close" to locating and taking back that sum, the company's CEO said Tuesday.
- Bunker trading houses shouldering more financial risk in stronger market: sources
Bunker buyers usually need a trading house with risk appetite to shoulder the financial risk, sources said.
- FEATURE: Power sector's thirst for fuel oil after IMO low sulfur cap shifts bunker demand
A vast amount of excess heavy fuel oil will be available at a hefty discount.
- TRADER NOTE: Fuel oil trader Tan Ying joins China Merchants Energy Trading
Prior to that, Tan worked with Sinopec Fuel Oil (Singapore) for seven-and-a-half years.
- Ten tankers anchored, awaiting payment from PDVSA for refined products
Payment has been coming, but very slowly, a source said.
- OPEC has "buffer" capacity to cope with loss of Iranian barrels, says UAE's Mazrouei
Iran is OPEC's third-largest producer with 3.83 million b/d of output in April, according to the latest S&P Global Platts survey.