|JUNE 20, 2018|
- Port of Oakland box volume dips 2.9pc in May to 204,765 TEU
- Navios Maritime Containers to buy 9 box ships for US$390m
- HMM signs 'letters of intent' with 3 shipyards to build 20 box ships
- ONE first 14,000 TEU magenta newbuild makes maiden call in Hong Kong
- GCT Deltaport welcomes ONE Commitment on her maiden voyage
- Australia reviews CMPort's purchase of stake in Newcastle port
- BNSF seeks to extends PTC deadline
- Farnborough air show to discuss drones, cargo delivery to remote areas
- Etihad Airways loses $1.52b in 2017 as cargo tonnage declines 7.4pc
- DHL Global Forwarding considers boosting dedicated freighters to its network
- TAPA publishes truck security standards for industry review
|JUNE 19, 2018|
- CMA CGM deploys innovative container tracking solution
- Damco appoints Ashutosh Dixit as CEO for India, Bangladesh & Sri Lanka
- INTTRA sets record transaction volume
- Liberian Registry & China Classification Society sign innovation & technology MoU
- MOL makes full-scale move into subsea support vessel business by acquiring stake in AKOFS of Norway
- SCFI Asia-N. Europe spot rates down
- APM Terminals India receives Authorized Economic Operator certification
- Directorate-General of Shipping monitoring salvage operation of impaired vessel off Kolkata Port
- GCCI urges strong action to stop thefts in Deendayal Port area
- Blue Dart launches new state-of-art aviation hub in Chennai
- Railways posts growth in freight loading in first two months of fiscal
- Double-digit growth seen likely
- GST has formalised the economy & expanded the tax base
|JUNE 20, 2018|
- Online platform for used vehicles
- Bolloré Logistics receives Tapa-A certification
- Alaska Air Cargo nearly doubles capacity in USA
- Platform digitalisation continues to grow
- New operator for railfreight line in California
- Ceva picks Niels Weithe to lead global e-commerce
- Bees a-buzzing at B+S Logistik
- South Russian airport handles first widebody aircraft
- Antwerp: more railfreight capacity
- Stena Line - changes in triplicate
- Pilot Freight Services finds new COO in own ranks
- Hong Kong on a high in May
- APL extends China-Australia links
- More capacity for Rotterdam hinterland traffic
- CJ Logistics acquires DSC Logistics
|JUNE 19, 2018|
- Grounded tanker breaks in two off Kaohsiung
- VLCCs face further pain from China sanctions on US crude
- MOL moves into subsea arena with Akastor deal
- CIG Yangtze Ports signs deal to promote LNG-powered vessels
- Tankers shun Iranian crude as US sanctions cause uncertainty
- Oldendorff orders two mini-Capes from Oshima
- Samsung HI, MODEC among winners of Barossa FPSO jobs
- Mitsui & Co exercises options for more Kamsarmaxes at Yangzijiang
- STX O&S issues new shares to raise USD70.6 million
|JUNE 19, 2018|
- 'Be realistic on compliance' plea from shipping as tough bunker rules loom
- Freighter operator hopes for local rule at Schiphol Airport are dashed
- Delays at Felixstowe push Hamburg Süd to switch services to Southampton
- Analysis: tie-up with Swissport the sensible next step for WFS
- Four visions of 'a brave new world' for container supply chains 25 years on
- The mysterious Chinese company worrying the world
- Niels Weithe moves to Ceva Logistics as head of e-commerce
|JUNE 19, 2018|
- SEACOR Maya now first hybrid OSV in Gulf of Mexico
- Vard Marine announces Houston operations VP changes
- Foertsch Group to utilize MobileOps platform across its fleet
- Cargill looks for 15% cut in shipping CO2 emissions by 2020
- Indian ferries to have ABB power and automation packages
- Giant wind farm installation jack-up ready for East Anglia ONE project
- USCG gets set to enforce 2020 fuel sulfur cap
- MOL dives deeper into subsea, buys into AKOFS Offshore
|JUNE 19, 2018|
- Russia to export 3m tonnes less wheat this coming year
Russia will see wheat exports decline to 37m tonnes
- The demise of the European shipping banker
Future deals could be more about PowerPoint than handshakes
- Larger containers pile on problems for US trucking rates
Congested terminals are aggravating trucking shortages, along with suffocating regulation, rising fuel costs, driver shortages and strong demand for containerised...
- Deutsche shipping book deal confirmed by buyers
Portfolio encompasses diverse range of vessel types and borrowers
- Cargill aims for 15% cut in shipping emissions by 2020
The move is to help meet UN regulations to reduce pollution as well as demands from some of the company's...
- Argentina expects sharp drop in grains output
Analysts had forecast Argentina to pick up some of the shortfall from lower US exports of soyabeans to China
- Asia-Europe ocean rates rise and capacity now 'tight'
Global freight index increases to its highest point this year - currently 7% up on last year's prices
- Blockchain middlemen entice UN with plan to improve logistics
Transport tech firms keen to ply their wares after the UN established a commission last year to pilot applications
- Moody's sees stable outlook for global shipping
Moody's expects rated shipping companies to report 4-5% earnings before interest, tax, depreciation and amortisation growth during the next 12 months
- MOL enters subsea sector with stake in AKOFS
The Japanese line has agreed to buy a stake priced at $73m
- Cexim becomes world's largest shipping lender
China-based policy bank held $17bn in its shipping portfolio at the end of 2017
- Daily Briefing
GoodBulk pulls IPO trigger | All eyes on OPEC as Marine Money kicks off | Shipbroking market 'ripe for restructuring'...
- US tariffs threat raises prospect of all-out trade war
New tariffs will take effect if Beijing refuses to change its practices and insists on going ahead with the newly...
- Ecoships back in fashion as bunker costs rise, says Golden Ocean's Vartdal
Golden Ocean has a positive outlook for freight markets in the second half of 2018 with healthy demand and a...
- Container carriers drive consolidation among tonnage providers, Seaspan's Chen says
Other than increasing fleet size, the New York-listed owner will consider acquisitions of assets in the logistics and infrastructure sectors
|JUNE 19, 2018|
- Logistec CEO urges Canadian government to reassess labor relations
- Tariffs, trade uncertainty cloud Canada's shipping outlook
- Prince Rupert port expanding again
- Penske Logistics buys Epes Transport to expand for-hire truckload
- Carriers refuse to bow to anti-surcharge pressure
- Phase 2 of digital forwarding leads to some confusion
- Analysis: Allowing bigger US trailers - truck sector's gain, rail's loss
|JUNE 19, 2018|
- VLCC spot rates move above breakeven
Charterers looking to load this coming July bid up spot modern vessels to best level of year.
- Scorpio says no thanks to scrubbers, for now
Largest product tanker owner says 'continues to evaluate' scrubbers, but economics not clear for smaller vessels.
- IMO 2020 compliance to be 'chaos' at outset
Full adherence to the sulphur regulation may not happen until fourth quarter of 2020, says Star Bulk Carriers president Hamish Norton.
- Maersk Tankers and CargoMetrics take 'massive step'
Partners reveal LR2 simulation tool as first product in digital shipping venture.
- Maran's Exxon charter show scrubber boost
Upwards of 10,000 ships may be fitted with scrubbers depending on how fuel prices respond to IMO 2020.
- VesselsValue: handysizes have most upside
Prices for small bulkers show best 12-month performance with next three years also set for more gains.
- Fredriksen lieutenant Hermansen to chair Avance Gas
Norwegian tycoon's top shipping man eyes M&A after nomination to lead LPG carrier owner's board.
- Oak Hill, Varde confirm $1bn Deutsche Bank loan swoop
Funds see 70-ship deal as part of strategy to offer alternative ship finance to owners.
- Ugland sells oldest bulker but holds on to sistership
Managing director confirms MOA on sales deal to undisclosed buyer
- Glencore charters Golden Ocean capesize bulker
A capesize owned by Golden Ocean has been fixed on a period charter. Gunvor inks largest shipowning move with six newbuildings Glencore has chartered the 181,000-dwt Golden Savannah (built 2017) on an 11 to 13-month contract, the Baltic Exchange reports. The rate is pegged at 119% of the 5TC route between West Australia to Qingdao. Capesize rates are presently placed at $17,796 per day by the
- Fred Olsen Energy eyes new equity
Refinancing rig company says waivers granted but debt could be impaired.
- Magseis wins Asian seismic contract
Geophysical shipowner to work for several oil companies.
- GasLog Partners signs Cheniere charter
US owner inks multi-year deal with options for rate increases.
- JP Morgan in the money after flipping bulkers to Blue Planet
Reported transaction would add another notch to seller's asset play credentials.
- Sinopec adds seismic survey newbuilding
Deal at Tianjin Xingang to boost Chinese company's offshore fleet.
- Amazon will go into container shipping, analyst predicts
Desire to control supply chain could push e-commerce platforms to move into the water
- Genco deal latest evidence of firming bulker prices
Analysts and brokers believe asset values have further to climb.
- Norden tops up time chartered tanker fleet
Three Greek-owned vessels fixed ahead of anticipated improvement in product market.
- Thenamaris books LNG carrier newbuild with HHI
Greek owner extends LNG fleet for the first time since 2011 with lone newbuilding and boosts aframax tanker orderbook
- CSE cape and Evergreen boxship collide
Bad weather blamed for incident at Kaohsiung terminal in Taiwan.
- Trafigura signs Singapore LNG storage deal
Trader and owner teams with SLNG again to use 160,000 cbm of excess capacity.
- K Line orders coal carrier at Imabari
Japanese owner joins NYK in newbuilding project linked to Kobe Steel
- Moody's boosts outlook for Royal Caribbean
An improving market outlook and a stronger financial position have contributed to Moody's Investors Service upgrading its rating for Royal Caribbean. The agency has boosted the cruise company's senior unsecured rating to Baa2 from Baa3 and assigned a P-2 rating to the company's planned $1.15 billion commercial paper programme. Pete Trombetta, Moody's lead lodging and cruise analyst, says the cha
- Grindrod on shortlist to buy Mercantile Bank
Shipowner part of consortium aiming to buy South Africa's ninth-largest lender.
- Grounded tanker breaks in two off Taiwan
Fuel oil removed from Hong Kong ship before it broke its back off Kaohsiung.
- Owner's casualty claim against Queen Beatrix dismissed
Bombay court ends attempt to force ex-Dutch monarch to pay up over 1989 sinking.
- IACS members stuck in Paris MOU grey list
As quality drive takes off at leading class society association, European port state control probe reveals several members continue to perform below industry's highest standards
- Cargill aims for 15% bulker emissions cut
US giant chartering newer vessels and getting involved in newbuilding design.
- MOL moves further into subsea with stake in Rokke's AKOFS
Japanese shipping giant's holding will be worth around $73m including stake in support vessel.
- HHI group's order haul remains behind target
South Korean giant continues to report mixed results among sister shipyards for the year-to-date.
- Livanos company Alios aims to sell panamax
Just three ships to remain in bulker wing's fleet.
- ExxonMobil considers Australian LNG import facility
Plan by US oil giant follows similar moves by AGL Energy and Australian Industrial Energy.
- US LNG and crude exports escape China tariffs
Tariffs on US gas would increase costs and potentially limit its availability, says Wood Mackenzie.
|JUNE 19, 2018|
- Korea asks for dispute panel establishment
The Republic of Korea has requested the establishment of a World Trade Organization dispute settlement panel in regard to several antidumpi...
- Permit issued for U.S.-Mexico border pipeline
A presidential permit has been issued to Borrego Crossing Pipeline LLC authorizing the construction, connection, operation and maintenance ...
- Ex-Glow employee gets probation for shipping hazmat
A former warehouse manager for Glow Industries was sentenced in U.S. District Court in Los Angeles on June 4 to two years of probation, a $...
- Google links up with JD.com
Google is hooking up with JD.com in a strategic partnership deal that will see the Mountain View, Calif.-based tech giant invest $550 milli...
- Logistics costs rose 6.2 percent in 2017
Business logistic costs in the United States last year were 6.2 percent higher than in 2016, according to the 29th edition of the State of ...
- UPS fuels natural gas-powered fleet
UPS will build another five compressed natural gas fueling stations and add more than 700 new CNG vehicles to its national fleet....
- Carriers divert cargo from Felixstowe
Some liner carriers have started diverting cargo from the Port of Felixstowe, which has been experiencing operational delays from the imple...
- Spot transpacific, transatlantic rates buck trend down
Container freight rates in the transpacific and transatlantic trades are on the rise when compared with the same time period a year ago and...
- Trump threatens $450 billion in total China tariffs
President Donald Trump on Monday evening threatened tariffs of up to $450 billion annually against Chinese products if trade actions betwee...
|JUNE 19, 2018|
- Oil slips as trade spat triggers risk exodus
The oil complex settled quietly in the red Tuesday after a rocky morning, as financial markets priced-in downside risk amid the ongoing trade war brewing between the US and China
- Narrower USGC/Med fuel oil spread quashes talk of reverse arb
Narrowing price differentials between the US Gulf Coast and Mediterranean fuel oil markets have eroded the economics for moving material from the USGC to the Med
- European bunker buyers eye OPEC meeting, wait on signal to step back in
Bunker fuel demand in Europe is likely to remain subdued until Friday as those buyers that can hold out for potentially lower prices will do
- Cargill targets 15% cut in marine CO2 emissions by 2020
- Rotterdam 3.5% fuel oil barge MOC dominated by offers on strong backwardation
- Tariff threat from China may shift global oil flows
China would need to replace as many as 450,000 b/d of US crude after the latest tariff threat.