|MAY 21, 2018|
- Asia-Europe rate slips 2.2pc to US$793/TEU, dips 5.4pc to USWC
- Hyundai Merchant Marine widens loss to US$162 million, sales fall 14.6pc
- Hyundai and PSA buy remaining Busan terminal from PE firm
- TS Lines buys 1,000 reefer containers from Carrier Transicold
- Tugs come to aid of cargo ships in the Med and Canary Islands
- Diana Containerships narrows Q1 loss 89.7pc to $3.9 million
- Total, Shell to develop LNG bunkering at Oman's Sohar port
- ReCAAP Piracy conference to be held in Hong Kong on June 12
- US ballast water bill blocked, pleasing environmentalists
- Trieste to open rail freight village by end of 2018
- UPS opens package sorting facility at London Gateway
- Cathay/Dragon's April cargo up 6.7pc to 174,489 tonnes
- Profit turnaround for SIA Cargo as earnings and revenues soar
- DSV sets up new regional office in Panama's free-trade zone
|MAY 20, 2018|
- Autonomous vessels in focus
- Crest awards CMA CGM Group
- Customs Brokers Licensing Regulations, 2018
- Maersk Line wins Best Global Shipping Line award
- Maersk Tankers to halt activities in Iran
- MSC enhances services to and from Japan
- Creation of Directorate General of Trade Remedies (DGTR) in Department of Commerce notified
- Maritime officials from across segments attend IMO training on port emissions in Mumbai
- New India-Bangladesh rail line expected to ease cargo movement
- Parcel Cargo Express Train begins operation connecting the North-East to the west coast
- Date for filing return in FORM GSTR-3B for April 2018 extended
- Political economy seen centreing around elections, forcing "wait and watch" by biz
- India & Indonesia to promote bilateral cooperation in maritime & infrastructure sector
- Strong trade growth continues but momentum may soften in Q2, trade indicator suggests
|MAY 18, 2018|
- 135 years of Fairplay
- Shipping brokers told to better understand general average
- Scorpio Tankers signs sale-and-leaseback deal with China's AVIC Leasing
- Chinese scrapyards raise prices to attract foreign ships
- SM Line Corp's SM Qingdao (ex-APL Riyadh)
|MAY 18, 2018|
- Shippers with cargo on Maersk Honam must pay to get it released
- North American rail operators put profits before customers, claim shippers
- Storm clouds darken on Asia-Europe box trade as carriers struggle with rates
- Work with haulage industry on emissions, don't penalise us, says RHA chief
- Operation Stack becomes Operation Brock in M20 truck queueing rethink
- The ups and downs of reaching an 'understanding' between the US and Gulf airlines
- P&R's million missing boxes puzzle German prosecutors
- Trucking industry seeks to avoid 'robot apocalypse'
|MAY 18, 2018|
- USCG issues first West Coast Subchapter M COI
- Saltchuk names Tim Nolan as next President & CEO of TOTE, Inc.
- Rolls-Royce and Finferries to cooperate in new research project
- Songa Shipmanagement opts for CR Ocean Engineering scrubbers
- Eniram joins Project Forward LNG-fueled bulker initiative
|MAY 18, 2018|
- Eniram joins Arista Shipping's LNG bulk carrier project
Eniram owner, Wärtsilä, has been a member of the partnership since 2016
- The Interview Dr James S.C. Chao
Founder of Foremost Group and recipient of the Lloyd's List Americas Lifetime Achievement Award explains his philosophy of education, life-time...
- Marine broker SSL to merge with Endeavour under ownership of JC Flowers
Senior management from both sides to remain
- The Lloyd's List Podcast: The week ahead
On this week's podcast: Why container chiefs are feeling the heat | Tech-lash: Box sector baulks at blockchain | Why...
- IMO looks at autonomous shipping
Delegates in London this week sought clarity on the meaning of autonomous shipping
- China drops anti-dumping probe into US sorghum imports
China backs down in face of US pressure to provide a thaw in fair trade trade talks
- Maersk expects to halt all Iran business
Line to terminate slot purchase agreements and remove Iran as a destination
- Britannia sees top line jump despite drop in call and premium income
Members in line for $20m cashback
- Pricier fuel: look on the bright side
While the long-term picture remains anyone's guess, near-future prospects are more optimistic
- UK ports keen on the power of data
Data analytics could bring genuine efficiencies but faith in automation is overrated, UKMPG survey finds
- J. Lauritzen says its dry bulk fleet won't break even until 2019
Danish owner and operator says it is well-positioned for the recovery in the dry bulk market but warns that its...
- Koichi Fujiwara foresees a revolution ahead for class
Although he remains deeply traditional in his business style, Koichi Fujiwar, head of ClassNK, believes next-generation technology will revolutionise classification...
- Torm earnings hit by weaker freight rates
Nasdaq-listed tanker operator outperforms its peers across all asset classes partly because of cost controls, says Evercore
- Large crude tankers likely to yawn at Iran, jump for Opec
Sanctions on Iran may have an overall negligible impact on tonne-mile demand, based on past experiences
- Scorpio Tanker sells five product tankers to AVIC Leasing
The world's largest product tanker owner expects the deal to boost its liquidity by $42m after the repayment of outstanding...
- An INTTRA for blockchain?
Carriers and shippers are looking for a blockchain solution that does not tie them to an IT supplier or allow...
|MAY 18, 2018|
- Philadelphia ILA mulls coastwide contract withdrawal to check non-ILA terminals
- Old Dominion Freight Line is in an LTL 'horse race'
- Trans-Pac spot rates rise, positioning for summer-fall peak season
- Truckers defy court order, block road near Santos strike site
- Asia-ECSA volume, rates rise, but capacity increases lag
- India braces for nationwide port stoppage after JNPT trucker boycott
- Port of Charleston, railroads extend gate hours
- Asia-Europe carriers to hike rates as bunker fuel costs rise
|MAY 18, 2018|
- US crude exports send VLCC rates higher
Stronger demand for US crude leads to more shipping demand, but more vessels may ballast over.
- TOTE's Puerto Rico chief next CEO pick
New chief executive comes as Jones Act shipowner looks for next steps for growth.
- EU thumbs its nose at US's Iran sanctions
Move by the European Commission could provide a reprieve to shipowners seeking to do Iran cargoes
- Maersk Broker chief says 2017 momentum has continued
Managing director says improvements seen in 2017 have carried over into this year.
- Trafigura sells its first $165m Swiss bond
Trader and shipowner boosts finances with five-year debt issue.
- 'Extremely challenging' tanker market puts SCF in the red
Russian shipowner Sovcomflot has felt the impact of the weak market in first quarter.
- Brokers to bloom under JC Flowers' guidance
Endeavour CEO David Lawrence says merger was forged through the need to "get some scale."
- John Fredriksen has sold out of shipbroking joint-venture
Norwegian billionaire John Fredriksen has sold out of a shipbroking joint venture with Arctic Securities. New Fredriksen-backed broking team takes shape The company, which was initially launched as Arctic Shipping Norway, was set up at the end of 2015 as a 50/50 venture between Geveran and Arctic Securities. Now shortened to Arctic Shipping, the company's newly released annual report shows Fre
- Indian court auctioning off cargoship
Admiralty selling Indonesian vessel at request of port of Mumbai.
- Shinsung Shipping orders three more
Korean owner back at Dayang Offshore for general cargoships.
- Torm takes peer group out-performance to $81m
Jacob Meldgaard reveals how first quarter results show a continuing trend.
- Tallink cuts loss in low season
But passenger numbers and revenue down at Estonian ro-pax owner.
- Lauritzen looks to end bulker losses in 2019
J Lauritzen continues to position for a dry cargo market recovery with the Danish owner forecasting a move out of the red for its bulker business in 2019. Lauritzen today announced a core operating profit of $6.m for the first quarter of 2018, down from $7.4m in the final three months of 2017. Mads P. Zacho, chief executive of Lauritzen, said: "During the first quarter of 2018, additional bulk c
- JC Flowers buys brokers Endeavour and SSL
Lloyd's insurance specialists combining under ownership of investment fund.
- Four sale and purchase brokers quit Clarksons Platou
Departure of relatively young quartet highlights difficulty of retaining talent in Oslo, sources say.
- Palumbo buys into Viktor Lenac yard
Italian shipyard group building stake in Croatian plant.
- First Golar FLNG cargo departs for China
Pioneering floater conversion Hilli Episeyo completes loading and waves off first shipment
- BP Shipping tanker trio tipped for sale
Reported transaction comes three months after previous deal with Swedish owner failed.
- Hayfin sells out of Fredriksen company
Fund offloads entire $51m stake in Northern Drilling.
- Stena Bulk expands Almi Tankers cooperation
Stena Bulk of Sweden is expanding its co-operation with Almi Tankers of Greece. It is taking on another suezmax on a one year charter for the Stena Sonangol pool, but the company denies additional tonnage has also been secured from the Greek owner. Stena Bulk managing director Erik Hanell confirmed that the 158,000-dwt Almi Galaxy (built 2012) has been chartered for a year. Brokers believe th
- Hunter Group sells out $65m issue, offers more
Arne Fredly-backed VLCC newcomer raises cash to pay for new fleet.
|MAY 18, 2018|
- Transportation, infrastructure panel unveils water bill
Transportation and Infrastructure Committee leaders on Friday introduced the bipartisan Water Resources Development Act (WRDA) of 2018, leg...
- Truck driver pleads guilty to CDL test fraud
Aziz Akhrorov, a commercial truck driver based in Queens, N.Y., has pleaded guilty in U.S. District Court in Brooklyn, N.Y., to conspiring ...
- Farm bill fails to pass House
The House on Friday defeated the 2018 Farm Bill by a vote of 213-198, after conservatives were unable to secure assurances from House leader...
- Motor carrier provisions, reforms hearing Tuesday
The Subcommittee on Highways and Transit will hold a hearing Tuesday to examine the implementation of various motor carrier provisions and ...
- MTC announces leadership transition plan
MTC Logistics on Friday announced a leadership transition plan in which Andrew "Andy" B. Janson has been appointed chief operating officer ...
- EU looks to block U.S. sanctions on Iran
European Union officials on Friday began taking steps to block recently announced U.S. sanctions on Iran. "We will begin the ' blocking st...
- Nolan tapped to lead TOTE
Saltchuk has appointed Tim Nolan president and CEO of TOTE, succeeding Anthony Chiarello, who will depart the domestic ocean carrier on Ju...
- BIS adds 33 people to Unverified List
The Commerce Department's Bureau of Industry and Security has added 33 persons to its Unverified List based on inconclusive end-use checks ...
- FDA moves hydrogenated oils dates to back burner
The Food and Drug Administration is postponing the compliance dates for removing partially hydrogenated oils from foods, the agency said. ...
|MAY 18, 2018|
- ICE Brent below $80/b as Europe confronts US on sanctions
ICE July Brent was little changed Friday morning in US trading as European leaders showed a desire to preserve commercial ties with Iran
- Oil declines as Europe gears up for Iran sanctions fight
Oil futures fell Friday as ICE Brent drifted further below $80/b on signs of European leaders appearing willing to confront the White House on sanctions being reimposed on Iran
- ANALYSIS: Increase in Q1 Rotterdam bunker sales surprises physical suppliers
- Singapore daily bunker fuel trading volume hits record high
The daily volume of Singapore-delivered 380 CST bunker fuel cargoes traded during the Platts Market on Close assessment process hit a record high Friday
- Ocean Intelligence downgrades credit assessment of bunker trader Aegean
Ocean Intelligence now assesses the score of Aegean and its affiliates at "Credit a matter of trust in Principals" as of Tuesday.
- External: Marine Bunkering(Rotterdam)B.V.
- Bunker surveyors see bright prospects with fuel oil blending set to jump post 2020
Robust controls for co-mingling fuels from different sources will be needed as compatibility and stability issues become paramount.
- INTERVIEW: IMO head says 'no possibility of delay' to sulfur limit rule for marine fuels
An exclusive interview with IMO Secretary-General Kitack Lim.
- Teekay Tankers sees market fundamentals recovery starting at the end of 2018
"OPEC supply cuts and an oversupply of tonnage continued to weigh on tanker rates during the first quarter of 2018," CEO Kevin Mackay said.