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| SEPTEMBER 18, 2018 |
- CMA CGM Q2 volumes surge nearly 10pc to 5.2m TEU
- Continuing Sino-American trade war risks record laid-up idle tonnage
- China not happy to just play defense in trade war: China report
- US-China trade dispute drive US, European firms to cut investment in China
- Port of Colombo takes the crown as fastest growing among top world ports
- Maritime HR and Crew Conference in London October 24-25
- TIACA air freight conference to be held in Toronto from October 16-18
- Air Charter Service celebrates 10th anniversary in Hong Kong
- FlyKargo embarks on US-Puerto Rico air cargo pilot programme with JetBlue
- Budapest Airport expands infrastructure in one giant leap forward
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| SEPTEMBER 17, 2018 |
- Casualty investigation report gives important recommendations
- CMA CGM set to launch 5th feeder service to West Africa
- GBA backs up business confidence with largest-ever fleet expansion
- Global Logistics Solutions contributes to relief efforts in Kerala
- Maersk to change fuel adjustment surcharge ahead of 2020 sulphur cap
- MOL Magsaysay Maritime Academy opened in the Philippines
- NYK selected for DJSI for 16th consecutive year
- Twill changes brand affiliation fromDamco to Maersk
- Hong Kong port operations resuming after Typhoon Mangkhut
- Leading port authorities combine forces in Climate Action Program
- Major Ports' traffic up over 5 pc during April-Aug.
- Celebi launches bonded trucking from Ahmedabad to Celebi Terminal Delhi IGI Airport
- DGFT simplifies procedure for traders to avail export incentives under MEIS
- M. Sreedharan, Consulting Editor of Exim India, contributes ' 1 lakh to Kerala Chief Minister's Distress Relief Fund
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| SEPTEMBER 18, 2018 |
- Renovation and digitalisation driving railway market
- Spain: testing twin trailers for ecological benefit
- Corpus Christi resumes ops after Invest 95L
- In mourning for Benjamin Hoefflin
- Rabelink enlarging on several fronts
- Tiaca and Amacarga tie knot
- Wanted: partner for Swiss freight railway
- ACS sets up cargo department in Geneva
- Logistics community created in port of Guayaquil
- GM quartet joins GAC UK
- Port of Antwerp awarding new concessions
- Inauguration of Southern Westphalia container terminal
- Rose takes top slot at ACL
- Drawing up plans for Qatari logistics park
- "Curiosity of the Day"
- Turkish blackberries eastward bound
- Teesport: new hub for Scandinavian imports
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| SEPTEMBER 17, 2018 |
- More overcapacity ahead for Caribbean transhipment ports
- Thomas Miller builds Hamburg base with Zeller acquisition
- Prepare sulphur cap plans 'as soon as possible', shipping urged
- Premiums do not cover the cost of risks, marine insurers told
- Maersk revamps bunker surcharges ahead of IMO sulphur cap
- TT-Line contract for ropax newbuilding likely to be announced within 'weeks'
- IUMI launches new marine loss database
- LNG carrier spot rates steam towards six-digit levels on strong demand
- Update: Hong Kong port operations resume following typhoon suspensions
- M&A rumours swirl in Singapore's OSV sector
- Marine insurers warned of a triple whammy ahead
- Western Cape premier calls on shipping to drive Africa's growth
- China's Wuhu Shipyard bags Ultramax order from newcomer Dingxin Shipping
- South Korean president tells shipbuilders to recapture market leadership
- Wan Hai chairman accused of breach of trust
- ICE launches new US Gulf Coast tanker futures
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| SEPTEMBER 17, 2018 |
- Maersk warns customers they must help pay its bigger fuel bills after 2020
- Volga-Dnepr 'no-brokers' edict splits industry: a lack of trust, or a wise move?
- DHL splits e-commerce business, breaking up poor-performing PeP division
- Hakovo claims a first with global electronic bill of lading backed by P&I clubs
- Latest fundraising round in Singapore adds $44m to Freightos war chest
- Red tape tying up Defra efforts to ease transport of food exports after Brexit
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| SEPTEMBER 17, 2018 |
- Blount Boats to build double ended ferry for South Ferry Company
- Keppel Singmarine delivers second dual fuel LNG ASD tug
- VT Halter Marine wins Navy order worth potential $244 million
- American Queen orders 245 guest paddlewheeler
- Maersk to cover cost of sulfur cap via "Bunker Adjustment Factor"
- LPG-fueled EXMAR duo to have Wärtsilä cargo and fuel gas systems
- Keppel O&M and GTT in new joint agreement on LNG solutions
- ICS offers free guidance on IMO sulfur cap compliance
- Halifax Shipyard launches Canada's first AOPS
- Havyard books order for two more windfarm service vessels
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| SEPTEMBER 17, 2018 |
- IUMI: Safety and regulation dominate ocean hull debate
But ultra-large container carriers pose fire challenges for crew, while culture is the key to better safety
- IUMI: Hull rates now 'unsustainable'
Rates are thought to have hardened in recent months in London following pressure on syndicates by the Corporation of Lloyd's...
- Cheniere signs 15-year LNG supply deal with Vitol
New deal follows agreements with GasLog and Trafigura as liquefied natural gas production undergoes exponential growth in the US
- Ports of Wilmington and Morehead City remain closed in wake of Florence
Both ports are closed through Wednesday
- Storms bring significant supply chain disruption
US and Asian port disruption following severe weather events in the Atlantic and Pacific will lead to delays in cargo...
- US box imports continue to set records
With more tariffs likely any day, shippers have been bringing cargoes in to the US at a record pace
- Exmar's new gas carriers to run on LPG
The vessels, designed by Finland's Wärtsilä, will be game-changing, says Exmar's managing director of shipping
- IUMI: Lloyd's will 'invite' closure of unprofitable marine lines
Hard-pressed shipowners may end up having to fork out double the current 0.1% of hull value to get vessels covered...
- Tanker demand will rise if Iranian export gap can be filled
A large part of the VLCC fleet operated by NITC will be taken out of the market once the US...
- Thomas Miller to acquire Zeller's insurance services
The London-based insurer takes over two Zeller's service areas, which include Hanseatic Underwriters
- UK radar satellite offers 'maritime mode' to monitor illegal shipping activity
The first UK-manufactured SAR aircraft will be able to identify when AIS signals have been turned off
- Global shipping loan portfolios drop to $345bn
Petrofin Bank Research said another $10bn has been knocked off the portfolios of the top 40 banks over the past...
- Carriers deserve credit for surge in transpacific rates, says SeaIntel
Carriers restricted increases to slot capacity to just 3.6% in August compared to the 9% added during the previous two...
- Maersk to introduce new bunker adjustment mechanism
Maersk's new bunker adjustment factor will combine fuel costs with average trade lane consumption to calculate customer fuel price surcharge
- US grain expands Southeast Asia market since Chinese tariffs
The mix of world buyers purchasing US grains represents a shifting dynamic in the market, says the US Grains Council
- IUMI: Berg exits with positive outlook for marine insurance
But Munich Re broker highlights potential political risks, including rise of right-wing parties with negative attitude to global trade
- Infrastructure issues prevent US oil producers from smoothing supply risks
Despite trucking and pipeline woes in the US, oil production is expected to increase by 1.7m bpd in 2018 and...
- Turkey commits to Istanbul canal project
Turkish government reaffirms intention to take on the 45 km-long project that will link the Black Sea with the Sea...
- Daily Briefing
Why shipping is finding it tough to break IPO drought | Lloyd's List Podcast: From Brexit to IUMI | State...
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| SEPTEMBER 17, 2018 |
- NY-NJ's Waterfront Commission to argue for end of agency dissolution case
- US West Coast truckers turn to owning, leasing chassis but extent unclear
- India firm's interest in Sri Lankan port upgrade advances
- Maersk fuel surcharge underscores test to recoup low-sulfur costs
- Goods distributors face upward climb to fully leverage freight visibility
- New Freightos funding propels indices and associated futures
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| SEPTEMBER 17, 2018 |
- Lurssen blaze burns crisis hit hull market
$700m claim heading marine insurance market's way
- Shipping bank loans decline by $10bn in 2017
Leasing firms linked to international Far Eastern banks take increasing share in global ship finance.
- Carnival urged to stop burning heavy fuel oil
Protesters gather at Holland America's Seattle pier, create sculpture of polar bear on tiny iceberg.
- Maritime chamber offers free IMO 2020 guidance
International Chamber of Shipping publishes 32-page reference guide on complying with pending International Maritime Organization's low-sulphur mandate.
- Fredly snaps up extra shares in Hunter
Architect of Norwegian company's tanker entry grows his holding.
- Torm tipped to part with veteran tankers
Brokers report double sale which would see Danish owner dispose of two older ships.
- Rock 'n' roll Skuld CEO gets guests on their feet
Chief executive Stale Hansen took to the stage again to entertain more than 150 guests after Skuld's annual general meeting in Oslo. Norwegian vessel sent for scrap accused of causing Turkey spill Hansen, a keen drummer, could not pass up the opportunity to get his band together and belt out some familiar numbers for this year's gathering, ranging from grunge to modern pop. The performance had
- Rickmers Holding to end court self-administration
Former Bertram Rickmers company exiting latest phase of court insolvency process after business sold.
- Landbridge places third VLCC with Navig8
UK-headquartered group has continued the summer growth of its pools.
- POSH appoints Edward Chiu as CFO
YCH Group finance chief joins Singapore OSV owner.
- Ausca inks new Diana deal as BDI dips again
New York-listed bulker owner inks in another time charter at an improved rate.
- LNG rates hit five-year high with stocks turning upwards
Analysts suggest further improvements are on the cards given current supply and demand dynamics.
- Samskip runs vessel on recycled cooking oil
GoodShipping Program claims first fossil-fuel-free trip for boxship.
- Donald: 'Very small' cruise industry has room to grow
Cruise companies are responding by creating demand and great experiences, says Carnival chief executive Arnold Donald
- Port workers die in hold of woodchip carrier
Vietnamese duo reportedly suffocated inside Uni Fortune.
- Ocean Yield FPSO charter set to end
Reliance Industries calls time on contract for FPSO Dhirubhai-1.
- Unifeeder brings in Astromare feeder
Larger vessel boosts line's UK-Baltic Sea trade following DP World takeover.
- Thomas Miller buys Hanseatic P&I manager Zeller
UK P&I Club manager agrees third acquisition in nine months.
- Maersk asking shippers to meet low-sulphur fuel costs
Bunker surcharge aims to recover some of $2bn in extra expenses involved in complying with new IMO rules.
- Esvagt behind Havyard's offshore vessel order
Danish owner has signed up for another two windfarm service ships.
- GTT brings its LNG containment systems into line
French designer receives initial approval for new lower boil-off version of NO96 favoured by DSME and Hudong-Zhonghua shipyards
- Wartsila claims LPG fuel first for Exmar newbuilds
Finnish group providing cargo and gas fuel system for two new ships.
- Credit Suisse criticised over Petrobras, PDVSA accounts
Swiss watchdog FINMA finds deficiencies in anti-money laundering processes.
- European fund snaps up Admiral Shipping
UAE owner offloads containership operations to unnamed investor.
- Owner overturns liability ruling in victory over Arab Bank
Sea Master Shipping can pursue lender for demurrage arising from bill of lading dispute.
- Seaspan Corp prepays two credit facilities
De-leveraging move increases pool of unencumbered containership assets to 18 vessels.
- US ports start to reopen in wake of Florence
Coast guard works to restore normality with facilities looking to have escaped worst of hurricane.
- Panama expects fewer ships if trade war escalates
But South American waterway hopes Brazilian grain exports and US LNG can help fill the gap.
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| SEPTEMBER 17, 2018 |
- Executive Moves: CPA and BIFA
- Mast steps up to helm maritime subcommittee
- Mason Mega Rail Terminal nets $92 million in funding
- Ports of Wilmington and Morehead City remain closed
- Antiboycott rules can bite exporters, forwarders
- North Atlantic ports expanding for larger vessels
- Dachser develops talent through on-the-job training
- GlobalTranz acquires AFN Logistics
- FMC reviews nine OTI license applications
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| SEPTEMBER 17, 2018 |
- Charleston, Savannah ports open to all traffic as Florence dissipates: USCG
The US Coast Guard removed movement restrictions for the ports of Charleston, South Carolina, and Savannah, Georgia, as the effects of
- Crude futures retreat on reports of US supply growth
Crude futures gave back early-session gains to settle lower Monday on reports of
- Iraq ready to increase oil output 'immediately', says SOMO chief
Iraq can increase oil production "immediately" to support the market ahead of the implementation of US sanctions on Iran, Iraq's crude sales chief
- Zennor buys North Sea Britannia stake to advance nearby development
UK independent Zennor Petroleum said Monday it had agreed to buy a stake in the North Sea Britannia field from US upstream company ConocoPhillips
- TANKERS: ENOC takes LR2 on time charter with storage option: sources
"This is a bit worrying that ships are being taken for floating storage as companies are struggling to make their trades work," a broker said.
- External: Marine Bunkering(Rotterdam)B.V.
- Container line Maersk announces new bunker charges for IMO sulfur cap
The company will impose its new bunker adjustment factor (BAF) from the start of next year, replacing its current standard bunker adjustment factor (SBF) system.
- Arab Gulf fuel oil cash differentials rise to 5-year high on tight supply
- Asian middle distillates lose steam as demand fizzles out
The cash differential for the FOB Singapore 10 ppm sulfur gasoil grade has been rangebound for a while now; it was more a function of the product having found equilibrium in the market
- North Carolina ports closed until Wednesday in wake of Florence
"We are assessing the situation at both locations and when safe to return, we will determine the condition of the facilities," the state port authority said.
- Bunker operations at Hong Kong suspended due to Typhoon Mangkhut
"Loadings at the terminal will be jammed from Tuesday, barges are currently empty," a bunker supplier said.
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