|MAY 17, 2018|
- Long Beach creeps up on LA as LB rises 10.8pc vs LA's 1.3pc dip
- Pearl River Delta lags in Cosco Shipping Ports' April statistics
- SeaIntel sees blanked A-E sailings as peak season begins
- Haiphong container terminal can now dock 14,000-TEUers
- Zhejiang Ouhua Shipbuilding files for bankruptcy
- Port of Virginia April volume drops 2.6pc to 219,281 TEU
- Delays in inland moves negate European automation gains
- CEVA profit soars 18pc to US$66 million, sales up 12pc
- US futures markets brighten on hopes of US-China trade thaw
- Bangladesh to build 126 kilometres railway to India
- Ethical financiers withdraw funds from beach scrappers
- Hong Kong's cargo up 4.8pc in April to 426,000 tonnes
- India moves to prepare air cargo terminal security plan
- Dnata profit up 8.3pc to US$353 million as sales rise 7pc
|MAY 16, 2018|
- APL again recognised as 'Best Shipping Line in the Trans-Pacific'
- Britannia P&I Club's annual loss prevention seminar held in Mumbai
- Sea Cargo Manifest & Transhipment Regulations, 2018
- Exports increase in dollar & INR terms in April 2018
- 'Standard Operating Procedure' to be followed for Export and Import at Bharat Mumbai Container Terminal (BMCT), JNCH
- PSA wins two awards at AFLAS
- Cabinet approves development of 'Freight Village' in Haryana
- Snowman Logistics highlights profitable quarter
- Two more states adopt e-Way Bill system for intra-state movement of goods
- India asks Iran to accept rupee payment
- Rise in global protectionism seen leading to higher interest rates
|MAY 17, 2018|
- EU supporting intermodal transport in Czechia
- Europa setting ambitious targets
- Nautilus puts Trescastro in the lead
- Duisburg's startup platform increasingly popular
- Silk Way West links up Baku and Belgium
- 48 HGV loads of dairy products per day
- 20 candles for Sovereign
- Yang Ming witnesses weak Q1
- Qatar Cargo and EFL intensify relations
- Expanding on many fronts
- DHL introduces My Supply Chain
- More Chinese goods flowing through Valenciaport
- New China train en route to Iran
- WTO report on EU compliance in Airbus dispute
- Norway and Finland beat Sweden
- Kukla restructuring in Italy
|MAY 16, 2018|
- CMA CGM aims to become shipping's 'digital leader'
- Insurers need a catastrophe-free 2018, underwriter warns
- Caution expected to give way to optimism on krone shipping bond market
- Bob Sanguinetti named new UK Chamber of Shipping CEO
- Sinokor goes big on dry bulk with Newcastlemax orders
- IMO debates need to modernise regulatory process
- Sembmarine announces departure of COO, Ong Poh Kwee
- Logistics acquisitions push up COSCO Shipping International profits
- Borr Drilling expands further with five Keppel resale rigs
- As tanker rates slump, VLCC newbuilding orders mount
- Weak OSV market erodes TTA profit
- HMM makes incentive payments to boost morale
|MAY 16, 2018|
- MSC first carrier to withdraw Iran services as US gets set to reimpose sanctions
- Cargo hit by customs delays as Brazil officials stage new walk-out
- Booming Chengdu attracts major logistics players DHL and Lufthansa
- Wave of new ULCV capacity will put more pressure on Asia-Europe trades
- Market Insight: The potential for another Hanjin is still there, right?
- Europe's smaller cargo airports scramble to grab China trade from major gateways
- Boost in exports from California ports stems from trade unease
- Gino Niella joins business development team at FCS Oceans
- GPA's Bob Sanguinetti to be new UK Chamber of Shipping CEO
- Kim Overman becomes Uniserve's first group chief operating officer
|MAY 16, 2018|
- Newsport News Shipbuilding authenticates keel of SSN 794
- Conrad reports first quarter results
- WSF's hybrid electric ferry conversion draws international attention
- Havyard christens first battery powered ferry with Autocross solution
- Hydrex carries out more underwater propeller cone fin installations
- Van Oord orders LNG fueled hopper dredge duo at Singmarine
- Container shipping giant stops taking bookings for Iran
- Coast Guard Sector NY responds to collision
|MAY 16, 2018|
- Collaboration is necessary for IMO to address challenges of the next decade
Shipping stakeholders foresee an important role for the IMO in preparing for transformation
- Iran sanctions effectively back already, P&I specialist warns
North Group's Mike Salthouse warns against reliance on grace period
- IMO forum shines a light on a growing divide within the UN agency
A split is opening up owing to the rush towards digitalisation, which assumes all countries can afford it and that...
- Box freight rates could rise by 30% on low-sulphur requirements
Following the introduction of the IMO's 0.5% sulphur cap in January 2020, the LNG option is looking like the most...
- Contargo to serve fewer terminals at Rotterdam and Antwerp because of congestion
Intermodal operator seeks to limit impact of congestion issues on its barge services at Rotterdam and Antwerp by restricting its service to individual seaport...
- MSC halts Iran services as sanctions start to bite
Container line calls a halt to new bookings from Iran but confirms limited services during wind-down period
- NDRC gives approval for OOIL acquisition
The last pre-condition yet to be met is the go-ahead from China's Ministry of Commerce
- HNA refund guarantee revives Sinokor-Jinhai newbuild deal
The 20-newcastlemax deal consists of four firm ships and 16 optional units agreed in a letter of intent in early...
- V.Ships hires Kayser for management role
Franck Kayser, formerly of CMA CGM, Nile Dutch and Maersk, has been appointed regional director of the ship management group
- DSME stays in the black as operations stabilise
Seoul-listed shipbuilder benefits from lower labour costs because of restructuring
- Viewpoint: Customs partnership has border appeal
Proposal would mean freight is not subject to new customs controls at those ports dealing with EU traffic
- Fears grow for Yang Ming and HMM as carrier consolidation reaches 'end game'
Entering the group of super carriers is a 'tall order', SeaIntel chief executive says
- Iran and China disagree over cause of Sanchi disaster, report shows
A final report has been delivered to London while disagreement on the incident cause remains, said China's Ministry of Transport
- Sanguinetti named as UK Chamber of Shipping's new chief executive
Remit is likely to include the advent of new revenue-generating lines of business and expanding the chamber's core training and...
- EU to unveil proposal for port reporting harmonisation
The Commission's suggestion is expected on May 17 and would be subject to the approval of the European Parliament and...
- Statoil ordered to pay for COSL rig cancellation
Statoil was reported to pay more than $490m to COSL for its termination of the rig service
- ITF puts smaller tug crew and safety concerns at Panama Canal under spotlight
The canal authority has launched investigations into 22 tug captains in what it calls a labour dispute
- HMM stays in the red amid weak rates and higher fuel price
South Korean carrier forecasts an increase in cargo volumes as it enters the traditional high season in the second and...
- Navios Holdings plans to buy chartered-in vessels
Greek player posts better first quarter results on higher bulker earnings and a new terminal
|MAY 16, 2018|
- Class B is new 'A' in tight LA-LB warehousing market
- CSX to end domestic intermodal service to Detroit
- Blockchain theory's path to reality in shipping beset by details and distrust
- Fuel, truck costs lift trans-Pac annual service contracts
- Convoy opens door for small truckers to drop and hook
- JNPT eyes slashing rail cargo free time to reduce dwell time
|MAY 16, 2018|
- Morgan Stanley: IMO 2020 to bring $90 oil
Investment bank sees sharp increase in demand, and prices, as shipping moves to low-sulphur fuel.
- Hudson Shipping seeks $1.3m in demurrage
Illinois bulker operator is suing Dubai-based Phoenix Global for 70 days of delays involving a shipment of bulk wheat from Russia to Bangladesh.
- ITF calls out Panama Canal tug operations
Leading maritime union says it wants to Authority to 'engage in constructive dialogue' on safety.
- AVIC's profit grows in first quarter
Singapore-listed shipbuilding group sees major revenue boost in project financing, ship-design and shipbuilding segments.
- Hunter to tap $65m in private stock offer
Newly launched VLCC venture seeks first funds as part of newbuilding programme for seven tankers.
- Corpetrolsa orders three Damen tugs
Transaction represents Ecuadorian tanker owner's first purchase of tugboats.
- Saverys family firm CMB tipped for aframax tanker order
Deal with shipyard in the Philippines would be first independent crude venture for family in many years.
- Ocean Yield adds bond purse to cash from equity raise
Oslo-listed shipowner taps debt capital markets to boost war-chest.
- Shell fixes Siem PSV until 2025
Major decides to keep dual-fuel Siem Pride for the long-term.
- Nordic American Tankers widens loss
UPDATE: Evercore ISI analyst Jonathan Chappell raises earnings forecast while maintaining underperform rating.
- Navios Maritime Containers sets course for US stock listing
Papers filed with US regulators as swap from Oslo to New York takes shape.
- Director steps up to lead Oceanteam
Board member Diederik Legger to be interim CEO of restructuring OSV owner.
- Ince: bulker was hit by missile off Yemen
Turkish owner says Russian wheat cargo undamaged by attack.
- Van Oord orders dredger double
Dutch owner has option for third TSHD at Keppel in Singapore.
- UK Chamber brings in Sanguinetti as CEO
Gibraltar Port Authority boss replacing Guy Platten.
- Borr Drilling banks $350m as growth phase nears end
Convertible bond raise closes quickly as Troim-backed vehicle funds five more rigs.
- Evergreen profit shrinks in costly quarter
Gap between revenue and operating expenses narrows for Taiwanese line.
- Statoil changes name, inks deals with Dof, Akastor
Norwegian major becomes Equinor as it signs up OSV companies.
- Caspian Sea tanker trade tipped for growth
Bigger ships likely as pipeline flow increases, Caspian Shipping says.
- Gener8 investors set to vote on Euronav deal
Euronav says it is currently only 3% short of getting $504m takeover through.
- ASL Marine trims losses in third quarter
Cost cutting helps to stem the red ink at Singapore-listed offshore vessel shipyard group.
- OCP vows to keep shipping Western Saharan cargoes
Moroccan producer believes NM Cherry Blossom phosphate seizure was "isolated event."
- Danko Koncar closing in on Arctech yard
Croatian tycoon aiming to seal another takeover in shipbuilding sector.
- High-Q enters VLCC into Navig8 pool
Tanker jointly owned by Wah Kwong and Teekay has just come off long-term Cosco charter.
- DSME sees first quarter profit dip on forex losses
South Korean shipbuilder helped by restructuring efforts and sale of four drillships.
- Keppel confirms jack-up sales to Borr Drilling
Tor Olaf Troim-backed vehicle to pay about $745m for former Transocean ordered rigs.
|MAY 16, 2018|
- DSV Air & Sea Panama opens for business
DSV opened the doors of its new office in Panama on Wednesday. "It is a strategic decision to move into Panama. Many of our customers use ...
- Maersk doubling fees for canceled, rolled cargo
Maersk Lines said it is increasing both the fee charged shippers that book outbound cargo from China on its online portal ship.maerskline.c...
- Industry Insider: Seeing the future of logistics
Although "image analytics" may sound like yet another intimidating technological buzzword, the term has been around since the 1940s, first ...
- Lawmakers push for foreign investment reform
Trump administration officials continued to push legislation to reform the Committee on Foreign Investment in the U.S. (CFIUS) on Tuesday a...
- Massport seeks gantry crane buyer
The Massachussetts Port Authority is soliciting interest from the private sector to purchase three Neopanamax container cranes to be used a...
- Judge strikes down Oakland coal ban
A federal judge on Tuesday invalidated an effort by Oakland, Calif., to prevent the export of coal through a planned new bulk materials ter...
- U.S.-EU aircraft dogfight ending?
A nearly 12-year dogfight between the United States and the European Union over alleged government subsidies for their respective aircraft ...
- Mount Vernon shipments drive Indiana ports record
The Ports of Indiana report setting a record for first-quarter shipments, handling 3.2 million tons at all three ports in Q1. The Port of ...
- Commerce, Science and Transportation markup set
The U.S. Senate Committee on Commerce, Science and Transportation will hold an executive session at 10 a.m. Tuesday to consider the followi...
|MAY 16, 2018|
- Shipowners spooked by US sanctions could hurt flows of Iranian crude to Europe
European refiners are already experiencing difficulties in shipping Iranian crude
- ConocoPhillips takes 'slow approach' to Permian development: CEO
ConocoPhillips for now is taking a slow approach to development of unconventional oil and gas in the booming but complex Permian Basin
- Record-high US crude exports pull stocks lower
US crude exports jumped by 689,000 b/d last week to 2.566 million b/d, a record high
- ICE Brent/WTI spread at multi-year high as US output rises
The ICE Brent/WTI spread increased Wednesday to its widest level since April 2015
- Fuel oil demand saw Q1 pick-up in Iraq, dips in Egypt, Pakistan: IEA
The Iraqi power generation sector's demand for fuel oil rose in the first quarter while Egypt and Pakistan saw lower use
- Bunker traders brace for possible disruption from weather at Shanghai
North Asian bunker fuel traders are bracing themselves for possible disruption to bunkering
- First Suezmax vessels booked to take HSFO east from Rotterdam for May, June
The first Suezmax vessels for May and June were heard by shipping sources on subjects late Tuesday to load high sulfur fuel oil from Rotterdam for discharge in Singapore
- Lack of cutter stocks eats into European RMG 380 CST reserves: traders
Fuel oil traders have pinned a marginally tighter market for popular bunker fuel grade RMG 380 CST in Europe
- External: Praxis Energy Agents S.A