|MAY 18, 2018|
- Hong Kong's April volume falls 9.3pc to 1.6 million TEU
- Maersk raises Asia-Europe rates, other carriers to follow
- Canada Industrial Relations Board sets CP strike vote for May 25
- Canadian Pacific to issue US$500 million in Notes to cut debt
- Qatar seizes 46 kilos of marijuana, 4 tonnes of chewing tobacco
- Truck driver shortage in US raises costs for shippers
- Russian Baltic port volume up 7.8pc to 577,600 TEU on import growth
- CH Robinson starts new rail service connecting China and Europe
- MOL, KHI collaborate on developing energy-saving vessel steering gear
- New woman CEO at Air-France poised to end endless strikes
- Frankfurt April air cargo volume up 2.3pc to 189,634 tonnes
- Amsterdam Schiphol sees air freight traffic drop 2.1pc in Q1
|MAY 17, 2018|
- A.P. Møller-Maersk begins 2018 with strong revenue growth
- MSC statement after re-imposition of US sanctions on Iran
- Yang Ming wins 'Best Shipping Line - Intra-Asia' award
- Downward export trend in labour-intensive sectors a worry, says President, FIEO
- APM Terminals Pipavav registers impressive container volume growth in Q4
- Chennai Port achieves new single-day high in handling project cargo
- Implementation of Export Transhipment (ETP) Module for movement of export cargo from JN Port to gateway port in ICES
- Major Port worker federations plan strike
- Customs Brokers Licensing Regulations, 2018
- GDL registers increased PAT
- Trade implications of the US' withdrawal from Iran nuclear deal still unclear
- NACFS & CBIC organising seminar on benefits of digitisation in supply chain logistics on May 29 in New Delhi
|MAY 18, 2018|
- Expanding its network
- "Heaven or hell?"
- More security for goods transport sector
- Cessna cargo crash in Nepal
- Fifth Aflas award in succession for AAL
- Found - missing link between Austria and Greece
- Schuon extends admin facilities
- Four for LNG in Japan
- FSC augments sales force
- Uptick for Scandlines' Scandinavian services
- German forwarder relies on straw in tanks
- Kuehne + Nagel launches KN Swiftlog
- Aer Lingus starting Dublin - Seattle service
- Chairman of GSF installed
- Increasing train speed in extreme cold
- Port of Long Beach: strong April
- Contract logistics bolsters Ceva
- ABC increases links to China
|MAY 17, 2018|
- Torm upbeat on product tanker outlook despite oil price headwinds
- Seoul launches incentives to build LNG-powered ships
- Maersk to refrain from ship orders as it looks to cut costs
- Teekay Tankers eyes further sale and leaseback deals
- MOL Logistics to secure more Omani business through tie-up
- Maersk logistics and services earnings fall in first quarter
- Maersk Line latest box carrier to report loss in 'unsatisfactory' quarter
- Korea Shipping Corporation wins USD320 million coal shipping contract
|MAY 17, 2018|
- Maersk sets course for cost-cutting programme after unveiling first-quarter losses
- Schiphol freighter crisis may run into winter as local rule is delayed again
- No break up for Wincanton with profits on the rise, says CEO
- Air cargo and technology adoption: 'it's an embarrassing performance'
- EU target of 30% cut in truck emissions by 2030 'too aggressive'
- New Loadstar LongRead: How Belt & Road will transform logistics in China and Asia
|MAY 17, 2018|
- C&C Marine and Repair delivers Z-drive towboat to Marquette
- ABS wins fleetwide Canadian Coast Guard contract
- Star Marine takes delivery of RAstar 3400 escort tug quartet
- HII awarded $91 million contract for nuclear carrier support work
- EU moves towards simplifying ship reporting requirements
- SolstadFarstad in fleet-wide navigational solutions bundle buy
- Giant jack-up marks a wind farm installation milestone
- Maersk reports red ink despite strong revenue growth
|MAY 17, 2018|
- MPC Container Ships feeders switched to Ahrenkiel and Contchart management
Subdued first-quarter results from Hamburg-based company
- Results show dimming prospects for container trade growth
After a year of recovery in 2017, initial results from box carriers indicate that the bright outlook held for 2018...
- Songa's merger with Star Bulk reflects bullishness of Billung
Oslo-listed owner opts to swap its fleet for Star Bulk's shares, betting on more upside in bulker markets
- China sets the pace for flag-state accident reporting
China has produced a report with three other flag states just four months after the Sanchi incident, while in Europe...
- New capacity no major threat to Asia-Europe ocean rates
Demand growth healthy, so only minor capacity adjustments required
- CS Ports introduces share option scheme
The grant date of the share options is expected to be no later than the end of 2018
- Teekay boosted by stronger offshore and LNG shipping income
Energy shipping giant's tanker unit to sign sale-and-leaseback deals for seven vessels to gain more liquidity
- IMO 2020 rules could see oil at $90 a barrel, Morgan Stanley says
Demand will grow by about another 1.5m barrels a day because of the tighter IMO pollution rules, says Morgan Stanley
- Total's threat clouds long-term tanker prospects for Iranian exports
French energy giant threatens to quit Iranian gas project within months following the return of U.S. sanctions, unless it can secure...
- Biofuels may be shipping's best short-term option
Biofuels beat hydrogen on a cost basis, but questions remain concerning their wider availability and sustainability
- MOL teams up with Al Madina Logistics in Oman
MOL also has plans to expand its services network in the Middle East and Africa
- Viewpoint: Captains courageous
A quiet anonymity suits modern masters, who probably have no wish to feature in the media for even the most...
- INTTRA welcomes its first Indonesian carrier
Move signals that more regional carriers are using information technologies to optimise their services
- Dynagas posts weaker results on lower vessel earnings
New York-listed owner of LNG tankers endures teething pains as it seeks more multi-year charters at the expense of lower...
- Weaker global economic environment pulls on volume growth at Maersk
Higher unit costs from rising oil prices and foreign exchange issues lead Maersk to a $239m loss in the first...
|MAY 17, 2018|
- As ocean carriers retreat, NVOCCs offer door contracts to shippers
- Trucking company group says NJ reg change would decrease port drayage fleet
- Parcel TMS spring up to meet e-commerce surge
- Maersk calls propel APM Terminals Pipavav volume gain
- Costs weigh on Maersk, but carrier reiterates 2018 profit guidance
- Bangladesh suspends Dhaka-Chittagong road weight limit
|MAY 17, 2018|
- Steamship Mutual profit slips
- Tale of two exchanges gives Songa indirect path to NY
Songa likely went as far as an Oslo listing would take it, but can expect better valuation, trading liquidity and less 'boredom' on NYSE
- Kidwell to deploy more capital to grow finance arm
- Deal opens up new European investors for Star Bulk
- Epic plots further growth in recovering LPG market
Gas specialist open to absorbing more secondhand units for greater global presence
- Cargill trade deal still just a toe dip towards future of blockchain
Doubters still remain after first deal by a blue-chip name based on technology
- Genco and OSG lead director pay race among US-domiciled outfits
Eagle Bulk directors still in modest mode five years after previous management raised eyebrows by settling shareholder claims
- Champion Shipping reveals annual loss
- Communist Party picks its winners to carry flag at home and abroad
State-owned giants are going to get bigger, harder to compete with and more Communist Party-controlled as Xi Jinping pushes a new kind of enterprise reform
- Yard's woes mean bad luck strikes again for Zodiac Maritime
- Time for Clarksons' Ed Warner to pull on his running shoes
Rebellion by shareholders at the world's largest shipbroker has reached a critical point and will now demand assertive leadership to rebuild trust
- MSC linked to purchase of ex-Nautilus 7,000-teu duo
- Borealis bulks up on sub-panamaxes
- Yang Ming deals a 'win-win'
- Panama boosts transpacific trade by sanctioning bigger boxships
Lines to benefit as Panama allows ever larger ships to trade from Asia to the US East Coast
- Boxship to be debut lot on German ship-auction site
Drive for transparency leads German bank to give green light to shipbroker and insolvency lawyer for online ship sales platform
- EU data privacy shake-up is simply rubbish in Piraeus
- Golar charter chief jumps ship to rival
- Golar's Cameroon FLNG unit prepares second cargo for export
- SK Shipping joins queue for time-charter LNG tonnage
- Maersk starts tyre-kicking on LNG bunkering options
Demand for supply of bunkers in the Mediterranean region sets off a chain of enquiries as companies move to check pricing
- Political risk can be overcome when using FSRUs for emerging markets
Ince & Co's Singapore-based global head of terminals practice, Ton van den Bosch, believes there are ways to make challenging FSRU projects 'bankable'
- Anthony Veder LNG ship goes into Remontowa for LNGBV conversion
- Cost cuts lift outlook for 'lean' Tidewater
Analyst sees cash break-even by year-end
- How even oil-friendly Texas has learnt to embrace wind power
- Offshore wind boom to spark rush to build Jones Act fleet
Race by US states to get turbines into the water is set to trigger a rush to create a domestic fleet of vessels
- Polar portal links data for operators and owners
Online resource launched for companies working in Arctic waters
- Arctic shipping forum finds its feet
- Tug trouble hampers MR tanker as it makes its final voyage
- Rise of automation puts focus on IMO's global safety conventions
Regulator is warned 'immediate solutions' are required as work begins on developing international safety regulations for automated ships
- TradeWinds to join monster paddle in Nessie's backyard
- Two more older NITC tankers sent for scrap
- Larsen swaps BP Shipping for role at Scorpio Tankers
Move reunites chartering man with former boss Lars Dencker Nielsen
- Bahri plots expansion to widen client base
At the helm for less than five months, Abdullah Aldubaikhi provides a glimpse of his goals for Saudi Arabian shipping giant
- Work on new Saudi shipyard ramps up
- Colleagues pay tribute as Wallentin calls time on extraordinary career
- Diamantides first to move on Toisa kamsarmaxes
- Vintage supramaxes for sale
- Getting to know the 'Unknown Chinese Buyer'
Small private Chinese owners - the buyers of last resort for ageing tonnage - are finding new ways to serve the protected domestic market as their bigger competitors make it a base for a march into the international trades
- Secondhand buyers are flourishing in China's domestic coastal trades
- Power company fleets weigh on market scales
- Bulker scrapping hits three-year low
Strength in rates, particularly for spot voyages, is keeping more bulkers on the water for longer
- Avin tied to purchase of VLCC as prices hold
|MAY 17, 2018|
- Alaska Air Cargo delivering first catch of salmon
Alaska Air Cargo flies the season's first catch of prized Copper River salmon from Cordova, Alaska, to Seattle and points beyond Friday. T...
- CCM joins Blockchain in Transport Alliance
Consolidated Chassis Management (CCM) has joined the Blockchain in Transport Alliance (BiTA), a first-of-its-kind organization comprised of...
- Crowley launches Puerto Plata-to-Florida service
Crowley Maritime Corp. announced Thursday that it has launched a direct, weekly shipping service from Puerto Plata to Port Everglades, Fla....
- Industries push against U.S. tariffs on Chinese goods
Testifying in front of executive branch officials on Wednesday, a succession of industry representatives pushed against U.S. tariffs propos...
- Commentary: Is blockchain logistics' 'next frontier'?
If there's one thing we've all been hearing a lot about lately - some might argue too much - it's blockchain. The hype behind the concept o...
- Longtime railroading advocate Hamberger stepping down
Edward R. Hamberger, the president and chief executive officer of the Association of American Railroads, will be retiring from the industry...
- MSC ceases Iran bookings amid looming sanctions
Mediterranean Shipping Co. has ceased all bookings to and from Iran due to the United States' likely withdrawal from the Joint Comprehensiv...
- Landstar fetes 10,000 owner-operator trucks
Landstar employees commemorated the company's latest milestone Monday - 10,000 trucks provided by Landstar owner-operators. Jacksonville, ...
- Containerization and Intermodal Institute appoints board members
The Containerization and Intermodal Institute (CII) has announced three appointments to its board of directors. They are Robert Cannizzaro ...
|MAY 17, 2018|
- Petrobras posts first monthly output advance in six months in April
Brazilian state-led Petrobras registered a 1.1% month-on-month advance in crude oil output in April, ending a string of six consecutive monthly declines
- ICE July Brent little changed after toying with $80/b
ICE July Brent reached $80.50/b at one point Thursday, marking the first time the prompt contract has been above $80/b since November 2014
- Iran sanctions, Venezuela collapse likely to push oil to $100/b: Total CEO
The potential loss of 1 million barrels of Iranian crude from the world market and the ongoing decline of Venezuelas oil sector could push oil prices beyond $100/b
- ICE Brent/WTI spread above $8/b, widest since 2015
Oil futures were higher Thursday morning in US trading, while the ICE Brent/WTI spread rose above $8/b
- ARA fuel oil stocks rise 22% on lack of movement east: PJK
Amsterdam-Rotterdam-Antwerp fuel oil stocks rose 22% in the week to Wednesday to 1,403,000 mt, a five-month high
- 2020 fuel oil crack spread weakens further over IMO uncertainty
The 2020 fuel oil crack spread has weakened significantly this year amid expectations of poor fuel oil demand
- West Mediterranean bunker fuel availability tight on lack of cutter stocks
The West Mediterranean -- namely Algeciras and Gibraltar -- was experiencing tight RMG 380 CST bunker fuel availability
- Off-spec bunker fuel in Houston leads to tight avails, arb opportunities
Specification issues with delivered bunker fuel and fuel oil in the US Gulf Coast ports in recent months have led to tighter availability in the region
- Lloyd's Register launches 'Options Evaluator' ahead of IMO 2020 sulfur rule
The Options Evaluator will provide clarity on to the potential costs and investment implications for various compliance strategies.
- Goldman Sachs seeks to help finance marine scrubber installations
Goldman Sachs is seeking to help shipowners access up to 25% of the initial cost of the scrubber.
- External: Marine Bunkering(Rotterdam)B.V.
- External: Global Risk Management
- FUTURES 1: Crude higher amid draw in US crude stocks
US crude inventories declined 1.404 million barrels to 432.354 million barrels for the week ended May 11.
- Iran oil exports to South Korea under threat from sanctions: NIOC head
South Korea is a sizable buyer of Iranian condensate, around 300,000 b/d so far this year.