|JUNE 19, 2018|
- Asia-Europe rate drops 0.9pc to US$862/TEU, off 6.8pc to USWC
- Long Beach May volume up 6pc - LA drops 3.4pc
- OOCL announces range of Asia-Oz changes
- Asia-Oz joint service boosts Evergreen offering
- Savannah, Charleston battle for Panama trade
- Deutsche Bahn, Georgian Railway forge partnership
- US$20 billion needed for rail in US ports over 10 years
- Oakland's online cargo management platform goes live
- Forwarder Flexport opens first warehouse in Yantian
- Panalpina expands perishables network in Argentina
- Experience shapes logistics leader by raising competitiveness
- ALS to enter Saudi Arabian market with pharma warehouse
- Emirates joins with Alibaba logistics arm to tap e-commerce
- PIA strengthens cargo performance by rewarding agents
- Dnata lands a major Egyptair Cargo ramp deal in Dubai
|JUNE 18, 2018|
- APL's new service connects China & Indonesia
- CMA CGM upgrades EURAF 4 service
- DNV GL issues first type approval for aluminium cables onboard ships
- HMM signs Letter of Intent for twelve 23,000 & eight 14,000-TEU vessels
- IMO member states urged to progress on key sulphur cap issues at critical meeting in July
- MOL co-hosts strategic LNG forum in Shanghai
- Shreyas Shipping focused on safety of vessel & environment
- China signs pact to import 5 lakh cotton bales from India
- India's shrimp exports to go north this year
- Antwerp port seeks to double rail volume
- Krishnapatnam Port's drive through container scanner set to boost terminal's overall performance
- Port of Long Beach handles 3.2 m TEUs in first five months; has record May
- Proposed Mumbai-Pune hyperloop to move palletised freight & light cargo
- India's ex-im trade continues to surge
|JUNE 19, 2018|
- Autonomous vehicles to play key roles
- More storage facilities along Mombasa-Nairobi line
- More room for refrigerated produce
- Geo Sea banking on SAL
- Completely cool in US Sunshine State
- Travis Monson now CEO of Callisto Agency Systems
- Dachser augments contract logistics sector
- "Hekinan max" number 3 delivered to MOL
- Challenge: PCT interoperability between US railways
- Air Malta starts service to Kiev
- Van Vliet shoulders CEO role at Railport Antwerp
- Tigers relocating in Shanghai
- NCA temporarily suspends all operations
- Relief for barges in Rotterdam?
- Belgium: LNG HGVS for long-distance heavy haulage
- The new choice: France, a partner for your trade...
|JUNE 18, 2018|
- Navios Containers plots expansion and seeks NASDAQ listing
- Shipping bodies warn of 2020 sulphur cap safety threat
- Moody's: Tankers to remain depressed amid stable growth for bulkers, containers
- Deutsche Bank loan portfolio sold as investor interests rises
- Shipping operations resume at Australia's Port Kembla after ship fire contained
- Shipping impact unclear after fighting causes 'catastrophic' damage to Libya terminal
- Trump's tariff threat rattles car-shipping sector
- Iino Lines eyes LNG bunkering business
- Singapore bunker supplier pursues sale-leaseback for tanker fleet
- World's oldest LNG carriers scrapped
- Heung-A gets cash injection from largest shareholder
|JUNE 18, 2018|
- Container line profits this year will be wiped out by rising fuel and charter prices
- 'Inappropriate' maintenance records add to NCA's troubles as freighters are grounded
- Market Insight: WiseTech is eating it up, but Xpediator is coming for dinner
- Air freight could benefit from a rush to beat US-China tariff deadline
- Nestlé and XPO logistics to develop the 'digital warehouse of the future' in the UK
- Competition red tape may tie major carriers in too many knots for more M&A
- Cerberus nears deal to buy Worldwide Flight Services
- Boeing facing legal action as Iran sues over cancelled contracts
|JUNE 18, 2018|
- Newport News starts overhaul of USS Boise (SSN 764)
- Great Lakes Group adds to management team
- VIDEO: Jones Act compliant solution for U.S. offshore wind projects
- Samsung BWMS gains USCG Type Approval
- Shipowners seek IMO action on sulfur cap challenges
- Crowley receives humanitarian award for Puerto Rico relief efforts
- Saab and Damen partner for Brazilian corvette project
- DOE funds offshore wind R&D consortium
- Coast Guard responds to generator fire on Great Lakes bulker
|JUNE 18, 2018|
- GoodBulk launches first shipping IPO in three years
The long-awaited IPO is set to test stock investors' appetite for bulker owners amid healthy market conditions
- Opec meeting steals spotlight from Marine Money gathering
The New York event will sit in the shadows of what is happening in Vienna this week, where the highly...
- Lobby groups put pressure on the IMO ahead of key emissions meeting
Worries include supply of compliant fuels and port state control enforcement
- Navios Containers gears up for US listing
Plans to use the proceeds of an IPO to partly fund the acquisition of five new containerships
- Nordic American says tanker market improvement 'becoming clearer'
It is expected NAT will immediately reap the benefits of an upswing in the tanker market
- Kjelsrud's departure linked to Nordea decision to axe shipping unit
Other senior staff, including Knut Hongseth, exited after 'rightsizing' earlier this year
- Shippers raise concerns regarding US-China tariffs
US Customs and Border Protection will begin to collect duties from 6 July on 818 additional product lines covering $34bn...
- New service makes 'virtual' ship inspections a reality
Idwal's VRI is designed to work on mobile and desktop devices and covers a full range of vessel areas
- Shipbroking market 'ripe for restructuring'
Dietze, Odin, True North Chartering, Jacq. Pierot & Sons and Compass Maritime possible takeover targets
- Fire on bulker halts Port Kembla operations
A fire on board the CSL Group-owned vessel kept firefighters busy through Monday. No injuries or pollution were reported
- DP World quashes rumours of Djibouti settlement
The Djibouti government seized control of DCT and cancelled its concession from DP World earlier this year
- Deutsche Bank sells $1bn ship loan portfolio
The deal is part of a move by Deutsche Bank to draw a line under sour investments in the sector...
- Shipping assesses fall-out of Sino-US spat
Potential tariff threats on crude oil and propane may put pressure on vessel demand
- Box majors will struggle to break even this year, say analysts
Analysts expect only a handful of carriers to be in the black by the end of December
- Nordea head of shipping Kjelsrud to join rival SEB
Big name in ship finance will make the switch at the start of next year
- Daily Briefing
IMO reform push attracts heavyweight support | Swedish Club's underwriting calls praised | The Lloyd's List Podcast: the migrant crisis...
- China may have to reverse coal restrictions
Supply chain challenges means that the country would have to increase imports to meet its peak season demand
- Navios Containers in deal for up to nine ships as it files for IPO
The owner has agreed to buy five ships which are expected to be delivered in the third quarter and has...
- NYK orders new ship for coal transport
The 98,500 dwt vessel is due for delivery in the first quarter of 2021
- TEN continues to eye LNG carriers as 'growth priority'
A significant rise in the LNG shipping market is one of the factors cited by Mr Tsakos for belief that...
|JUNE 18, 2018|
- Stakeholders split on whether bill would lead to safer US truckers
- NY-NJ handles mega-ships post-Bayonne Bridge lift in stride
- Krishnapatnam Port's scanner to shorten wait times, improve security
- Double-digit higher truck rates mark US produce season start
|JUNE 18, 2018|
- MPCC patiently weighing NY
MPC Container Ships is "closely" watching the progress of fellow-Oslo listed owners GoodBulk Ltd and Navios Maritime Containers as the pursue New York IPOs, but is not yet at the stage of executing its own offering here. That was the word today from MPCC chief executive Constantin Baack in a sideline interview with TradeWinds after his appearance at the annual Marine Money conference in New York.
- Here comes GoodBulk
John Michael Radziwill decides there's no time like the present to make a run at $140m in New York IPO as roadshow moves out.
- Parade of money men rewarded Euronav
Euronav executives spoke about the timeline and steps leading up to Gener8 Maritime deal.
- Grindrod Shipping makes its US debut
Diversified dry and wet bulk player lists shares in US market as capital markets interest in shipping on the rise.
- Tankers given boost on OPEC, IMO 2020
Analyst goes long on tanker group, giving upgrades to DHT Holdings, Frontline and Teekay Tankers.
- Eagle Bulk stock starts to climb as analyst interest rises
DNB Markets places buy rating on the Nasdaq-quoted shipowner.
- Idwal sees S&P use for virtual reality inspections
Graig company Idwal Marine Services is claiming a first in the ship inspection market by offering a virtual reality tour of vessels. Chairman Chris Williams and managing director Nick Owens gave customers a preview of the product last week and expect the Google Street View style walk around of ships may become the norm for shipping over time. Owens says the product draws inspiration from the rea
- HFW promotes Karaiskaki to partner
Law firm boosts global ship finance operation after hiring Siri Wennevik in January.
- Eight crew evacuated from leaking cargoship
Turkish vessel Haksa taking on water off Croatia.
- Nordea turns guns to shipping growth with new leaders
Thor-Erik Bech and Geir Atle Lerkerod take over running of shipping and offshore division.
- Klaveness pool earnings stay "strong"
Norwegian group says bulkers boosted by tonnage positioning to end-May.
- Underwriters add $15m to Genco offering
Bulker owner raises total of $116m as it finances acquisition deal.
- Dry Bulk leading light amid stable outlook for shipping
Moody's expects overall earnings upturn despite extended struggles for tankers.
- Carnival signs deal with green group Bellona
US cruiseship giant to cooperate on sustainable vessels.
- Bimco: IMO must make progress on sulphur cap
Other shipping bodies also pressure member states ahead of July meeting.
- Nordic American Tankers drops bond offering
Move comes amid claims of a significantly improved financial position.
- EBRD takes stake in Tallina Sadam through IPO
European development bank buys into Estonian ferry and terminal company.
- NOC: 'catastrophic' damage at Ras Lanuf
Libyan tanker terminal loses two storage tanks after attack by militia.
- VIDEO: SSL Kolkata anchored as fire extinguished
Marines secure drifting fire-damaged Shreyas boxship off India.
- Morgan Stanley takes up coverage of Eagle Bulk
Fotis Giannakoulis believes owner's stock has plenty of upside potential.
- George Economou aborts VLGC spin-off
Filing that would have allowed four gas vessels to separate from DryShips has been withdrawn.
- Scotline declares option at Royal Bodewes
London owner firms up second cargoship at Dutch yard.
- Hans Christian Kjelsrud swaps Nordea for SEB
Financier set to replace Bjarte Boe at the start of next year.
- Crew evacuated as CSL bulker burns
Firefighters tackle blaze in operation that could last for days on iron ore ship in Australia.
- Marubeni orders products double
Japanese trader and owner inks tanker deal at Onomichi.
- Deutsche Bank 'offloads $1bn shipping portfolio'
German lender said to have sold loans to Oak Hill and Varde.
- Transocean to scrap four deepwater floaters
US firm as well as Ensco and Seadrill have the highest ownership of rigs at risk of scrapping, say analyst.
- NYK books coal carrier newbuilding at Oshima
Japanese giant teams with Asahi Shipping to order Tier III-compliant ship on back of long-term charter
- Navios Maritime Containers in potential nine ship deal
Company is buying five ships with options to acquire four more in run-up to New York IPO.
|JUNE 18, 2018|
- CSX train derails, catches fire in Indiana
A CSX Corp. train went off the rails Sunday night near Princeton, Ind., the Jacksonville, Fla.-based Class I railroad has confirmed in a st...
- Intermodal pricing growth hits 20th straight month
Intermodal rates grew for the 20th consecutive month in May, rising another 9.1 percent compared to the same month the previous year, accor...
- Truckload rate growth finds yet another gear in May
Growth in domestic U.S. truckload rates found yet another gear in May, surging 9 percent compared with the same month a year ago, according...
- FMC reviews 17 OTI license applications
The U.S. Federal Maritime Commission has received 17 ocean transportation intermediary (OTI) license applications and changes for review. ...
- TOS rollout causes delays at Felixstowe
A rocky rollout for a new terminal operating system at the United Kingdom's Port of Felixstowe caused "severe delays and cancellations acro...
- Former Roadrunner execs charged with accounting, securities fraud
The U.S. Department of Justice has charged two former Roadrunner Transportation Systems Inc. executives for their alleged participation in ...
- Report: Trump planning Export-Import Bank revival
The White House is planning moves that would breathe new life into the long-dormant U.S. Export-Import Bank, according to a recent report f...
- House passes several bills to restrict drug imports
The House last week passed several bills that aim to restrict drug imports. It is now up to the Senate to decide on any action to advance ...
- Container industry '18 forecast 'breakeven at best'
The surging price of fuel means that the container shipping industry "will only break even at best in 2018," predicts Drewry, which previou...
|JUNE 18, 2018|
- Oil complex rallies despite China/US trade tension
The oil complex strengthened steadily into the US afternoon Monday ahead of June 22's meeting in Vienna between OPEC members and key non-OPEC producer Russia
- Bunkering restrictions in Malta lifted as weather improves: port authority
Weather-related interruptions to bunker operations at Malta have been lifted amid improved weather at the island
- Algeciras, Gibraltar bunker availability easing after weeks of tightness
Availability of bunker fuel at Algeciras, Spain, and nearby Gibraltar was easing Monday, after tight availability that had dogged the market since the end of May
- Shipping associations urge pragmatic approach to IMO 2020 sulfur compliance
As blended fuel oil and new products fall outside the ISO 8217 standard.
- Physical oil markets in flux ahead of key OPEC/non-OPEC meet
If output cuts are abandoned, there will be more medium and sour crude in the market and an increase in supertanker demand.
- Trade wars put the squeeze on commodity trading houses
Leaving many trading houses stuck with cargoes on the water or at loading ports, with uncertain destinations.
- Unipec faces uncertainty as Beijing threatens 25% tariff on US crude imports
This will have a big impact on Unipec's business and feedstock supplies for Sinopec refineries.
- FUTURES 2: Oil lower on trade tensions, output increase expectations
Market watchers keeping an on inventory data report from the American Petroleum Institute and the Energy Information Administration this week.
- IBIA advises owners to go beyond routine tests in wake of USGC bunker quality issues
Further tests found chemical contaminants such as phenols and tall oil.
- FUTURES: Crude falls amid US-China tensions, ahead of OPEC meeting
"Lower crude prices ahead of the key Friday OPEC meeting further adds to the pressure on Asian markets," PIG market strategist said.
- China threatens 25% tariff on US energy, agricultural products
Duties on $16 billion of US goods, including crude oil, LPG, gasoline, naphtha, fuel oil and natural gas will be announced at a later date.