|JUNE 21, 2018|
- APL to commence another China-Australia service (CA6)
- Problems with new operating system at Felixstowe being resolved
- Maersk consolidates reefer production in China and closes Chile plant
- New multipurpose terminal in Port Sihanoukville to open soon
- Google partners China's e-commerce giant JD.com
- Dimerco helps Chinese firm to display outsize cargo on time in Florida
- GDPR could complicate efforts to use blockchain in the global supply chain
- Cathay/Dragon's May cargo up 8.2pc to 175,074 tonnes
- Nippon Cargo Airlines fleet temporarily grounded
- SF Airlines gets the nod to launch Chengdu to Lhasa air cargo services
|JUNE 20, 2018|
- A.P. Moller-Maersk appoints Carolina Dybeck Happe as CFO
- CMA CGM makes changes to SAMWAF service
- Dachser Asia Pacific to expand direct LCL services
- Digital, analytics, automation seen to be among key drivers of container transport in the future
- NYK inks long-term contract with Kobe Steel
- ONE thanks the trade in India for their support
- Angre Port successfully handles project cargo
- UPCL in agreement with New Mangalore Port Trust
- V. O. Chidambaranar Port creates new coal-handling record
- Outlook for Indian logistics industry in FY19
- Ten export promotion offices to be set up abroad soon
|JUNE 21, 2018|
- Marseille-Fos is investing in the future
- New name for Trans-o-flex Hungary
- Successful premiere in Bremen
- Transport network expansion in Spain
- New cool connection to UAE
- ST Engineering opens new MRO facility in Florida
- Swift delivery service for bulky goods
- Transmec bites the "Golden Apple"
- Fedex Express orders 24 more Boeing freighters
- Services to/from Baltic Sea ports flourishing
- Noatum Terminal Malaga renews equipment
- Five new board members for The Swedish Club
- Hoyer steps up services in Australia
- 600 t of Turkish cherries fly to Norway
- MCI shuts down plant in Chile
- Use of southern Silk Road cuts transit time
- ABC awarded for Dutch-Russian contribution
- The new choice: France, a partner for your trade...
|JUNE 20, 2018|
- Box-ship lessor Danaos Corp refinances debt to avert default
- Offshore sector continues to appeal to heavy lift players
- CMA CGM buys Containerships Oy to boost shortsea business
- Chartering giant Cargill vows to boost green focus
- Singapore taps technology to enhance maritime safety
- AP Moller-Maersk names new CFO
- Seoul offers financial aid for marine equipment makers
- Energy projects buoy MPP sector
- Polemis family to scrap fifth VLCC as Bangladeshi market firms
- Dry bulk tonne-mile boosts as East Asia's coal import surges
|JUNE 20, 2018|
- CMA CGM set to buy European shortsea specialist Containerships
- MSC to axe prestigious Eagle service as pressure grows on transpacific rates
- Air cargo feels the heat as US trucking rates soar after controversial ELD rule
- New $600m terminal will bring Laem Chabang bigger ships and more capacity
- FedEx places order for 24 new aircraft to modernise fleet as profits grow
- Elon Musk on edge after 'extensive' sabotage at factory
- Carolina Dybeck Happe to be next CFO at AP Møller-Maersk
- Should HMM stay with the 2M or go it alone?
|JUNE 20, 2018|
- Scottish shipbuilder gets EU funding for hydrogen fueled ferry project
- Why Scorpio Tankers is in no hurry to fit scrubbers
- C&C Marine and Repair expands its Belle Chasse shipyard
- Maersk names Carolina Dybeck Happe CFO
- CMA CGM swoops on Finnish based short sea specialist
- Old ferry finds new life as an artificial reef
|JUNE 20, 2018|
- Capital emerges as seller behind boxship deal with Navios Containers
Flipping four ex-Hanjin ships would net Greek owner a handsome return if sale proceeds
- Aversion to mixed gas fleet sank Gas Ships spin-off plan
Economou group has not ruled out public LNG play in the future
- US ports move to cut trucking turnaround times
Several carriers have stopped offering haulage services for some markets because of trucking shortages and price hikes
- Trade war could add to carriers' transpacific troubles
Little chance of improvement on transpacific trades if a full trade war breaks out
- Global sulphur cap is a revolution whose time has come
A global limit of 0.5% sulphur in bunker fuel will come into force on January 1, 2020; the right option...
- Danish Ship Finance hires DVB's Brent-Petersen
Financier sets up digital innovation unit to be led by prominent research head Christopher Rex
- Box lines' fuel surcharges are 'justified'
Nearly all major carriers have announced 'emergency bunker surcharges' effective from either the start of June or July
- CMA CGM signs deal to acquire Containerships
CMA CGM agrees deal with Container Finance to acquire container shipping and logistics business Containerships as well as holdings in...
- Inland ports help South Carolina move trucks off the roads
South Carolina's Inland Port Dillon will take 45,000 container moves from truck to rail in its first year of operation
- MSC drops Felixstowe as IT-related delays continue
MSC joins Hamburg Süd in cancelling calls to troubled UK terminal
- Paris MOU listing sheds light on alleged 'discrimination'
Port state control data reveals that three IACS members are failing to meet quality standards expected of the international group...
- Daily Briefing
Ecoships back in fashion as bunker costs rise | Cexim becomes world's largest shipping lender | Container carriers drive consolidation...
- Maersk appoints new chief financial officer
Maersk appoints first woman to senior management team to take up role vacated by Jakob Stausholm in boardroom shake-up
- Noble agrees deal with key investor over restructuring
Shareholders' equity in New Noble has increased from 15% to 20%
- LNG preferred as marine fuel but lack of infrastructure a challenge, survey shows
Survey results show a clear recognition that stricter standards will open the door for cleaner marine fuels like LNG and...
- Japan's tax investors to provide more ship finance, says Crédit Agricole
The amount provided by such Japanese operating leases in shipping is still dwarfed by that in aviation
- Chinese lessors face fierce European challenges in shipping
Operating lease, second-tier clients and foreign yards become more acceptable to Chinese lessors nowadays
|JUNE 20, 2018|
- Shippers discuss peak season, intermodal, trade wars
- SSA Marine gets green light for Oakland expansion
- US exports most exposed in China-US trade dispute
- CMA CGM Containerships Ltd. buy another Europe footprint expansion
- Shaun Stevenson named CEO, president of Prince Rupert Port Authority
- Maersk to benefit from India's fast-track customs approval for APM Terminals
- Capacity-strapped shippers support US truck driver apprenticeships
|JUNE 20, 2018|
- Bunker supplier loses in another OW case
Latest decision from a US federal court seen as further repudiation of suppliers' attempts to assert liens.
- DHT opts for spot on scrubber-ready vessels
Tanker executives see the switch to a low-sulphur marine fuel as more opportunity than challenge.
- Middle East-China VLCC rates continue climb
Rates advance for fifth consecutive day after major jump Tuesday, according to Baltic Exchange data.
- Helis to step down as head of USMMA
Merchant Marine Academy's superintendent has taken an administrative post at the Maritime Administration's DC headquarters.
- Horizon lays eyes on second aframax
Anthony E Comninos in talks to purchase yet another crude carrier.
- Norden sees digital driver to growth of Dry Operator
Chief executive Jan Rindbo describes strategy as "high tech, high touch".
- Cargill steps up green agenda, but what does that mean for you?
When one of the world's largest charterers of dry bulk tonnage says publicly it intends to lift its standards, those who ignore the message are likely to lose out
- Danaos refinances $2.2bn in debt
Move will lower New York-listed boxship owner's debt by 25%.
- Bulker fire likely started on conveyor belt
Firefighters reveal details of blaze on CSL ship in Australia.
- Economou selling bulkers from public and private fleets
Two DryShips bulkers reported sold to Chinese interests, while Cardiff Marine vessel put on the sales block.
- GoodBulk and Navios: you're being watched
Fate of two New York IPOs in next weeks will send a signal to others who would like to rake in other people's money.
- CMA CGM buying Finland's Containerships
French giant agrees to take over owner with 15-strong fleet, plus four LNG-ready newbuildings.
- HMM signs letters of intent for new boxships
Korean owner moves forward on deals for 20 newbuildings.
- Eletson bondholders back debt exchange
Early results confirm vast majority of bondholders agree to lighten company's debt load for 2018
- OHT denies Chinese vessel order
Norwegian owner linked to heavy-lift deal at CMHI.
- Posidonia price gap may draw buyers to tankers
Huge spikes in bulker values between Posidonia 2016 and this year's event could offer some encouragement for shipowners musing investments in tankers. Intermodal broker Nassos Soulakis notes comparable supramax, kamsarmax and capesize deals show increases on between 70% and over 90% during the past two years. Writing in the broker's latest weekly report, Soulakis said the $24.1m paid of the 176,
- Zodiac Maritime nets premium price on sale to Genco
Eyal Ofer-led shipowner emerges as seller of bulkers to New York-listed owner
- Singapore to beef up vessel traffic system
Port authority putting money into better video and data.
- ABG raises Frontline ahead of Opec meeting
New buy rating comes alongside suggestions asset prices could follow 2015 trend.
- DSF brings in DVB's Brent-Petersen
New head of research appointed, while Christopher Rex to run new digital unit.
- Trump under fire after revising ocean policy
"Sweeping" changes remove references to conservation and biological diversity.
- BW expands tanker fleet with chartered newbuilding quartet
Tina Revsbech-led company has taken in four vessels from Japanese partners in favour of owned tonnage.
- Louis Dreyfus ship loads Aeolus satellite
French owner lands European Space Agency job through Airbus charter.
- Clipper's Seatruck shift two ships
Irish Sea specialist boosting capacity between Warrenpoint and Heysham.
- AP Moller Holding pushes geothermal energy agenda
While AP Moller-Maersk is reversing out of oil and energy, major shareholder is looking to develop nation's first large geothermal heating project.
- DP World to expand Fairview
DP World will increase the capacity of its Fairview Container Terminal. It has signed a deal with Port of Prince Rupert to expand capacity to 1.8 million teu in 2022.
- Ross denies insider trading over Navigator sale
US commerce secretary says he had no non-public information before offloading stock linked to Putin associates.
- Schulte reaffirms commitment to Cyprus
Chairman Heinrich Schulte meets Cypriot president together with CEO of its new shipping fund.
- Panama imports first ever LNG cargo
Central American terminal expected to be a launch-pad for LNG trade across Central America.
- AP Moller-Maersk appoints first female CFO
Carolina Dybeck Happe will join Danish giant this year from Swedish lock manufacturer Assa Abloy.
- Noble says key investor backs revised restructuring plan
Major dry cargo charterer wins over Goldilocks with plan to offer more stock to shareholders.
- Yinson Holdings in line for Nigerian FPSO contract
Malaysian company secures second floater contract in 2018 with prospects of more to come.
- Arntzen and Parker on same page?
Two veteran bankers come dangerously close to agreeing on lending's future before turning that page.
|JUNE 20, 2018|
- 2M Alliance suspends transpacific loop
The 2M Alliance of Maersk Line and Mediterranean Shipping Co. (MSC) is suspending its transpacific TP1/New Eagle service....
- Commerce: Are companies 'profiteering' off tariffs?
Recent prices of steel and aluminum increased in excess of Section 232 tariffs that started in March, and the Commerce Department is invest...
- Maersk hires new CFO
A.P. Møller - M'rsk A/S has hired Carolina Dybeck Happe as its new chief financial officer. She succeeds Jakob Stausholm, who resigned as ...
- Retailers: Stop 'reckless escalation' of China tariffs
The National Retail Federation is calling on Congress to intervene in the brewing trade war between the United States and China. President...
- CN unveils Saskatchewan investments
Canadian National unveiled plans Tuesday to invest approximately $210 million Canadian (U.S. $158 million) in Saskatchewan in 2018. The Cl...
- MOL dives into subsea support market
Mitsui O.S.K. Lines Ltd. (MOL) and parent company Mitsui & Co. Ltd. have agreed to purchase a 50 percent stake in subsea support vessel...
- Savannah Port Logistics Center construction begins
Capital Development Partners has begun construction on a $125 million logistics campus near the Port of Savannah for import, export and e-c...
- FedEx FY18 earnings soar on tax cuts
FedEx Corp. earnings surged 52 percent to $4.57 billion in its fiscal 2018 year, which ended May 31, according to the company's most recent...
- Shipping organizations call on IMO to address sulfur cap issues
Five shipping industry trade organizations are calling on the member states of the United Nations' International Maritime Organization (IMO...
|JUNE 20, 2018|
- NYMEX WTI higher as US crude draw trumps OPEC talk
The oil complex traded in a wait-and-see mode Wednesday, as prospects of more crude on the global market went head-to-head with a bullish US inventory report
- Gibraltar bunker operations rise week on week amid strong West Med demand
The number of bunker operations in progress at Gibraltar has risen steadily over June 13-20 period to total 13 such operations as of Wednesday
- Fuel oil tightness looms for east Med amid pull from strong west Med
- Bidding picks up in Rotterdam 3.5% fuel oil barge Platts MOC
- East-West fuel oil spread at near 7-month high as Singapore tightness bites
- Any OPEC outcome except free-for-all could help US shale producers
OPEC will then shale producers on Friday to discuss changes to its Jan 2017 supply cut agreement.
- Crude remains higher on API data
Iran not accepting any proposals for OPEC to raise quotas also paved way for higher prices.
- TRADER NOTE: Fuel oil trader Hadi Zamani leaves Totsa
Zamani was with the company for about a year and a half.
- US briefs Japan on Iran sanctions, discusses impact: Japan govt
International buyers of Iranian oil have until November 4 to wind down contracts before the US re-imposes sanctions on the oil, energy, shipping and insurance sectors.
- TANKERS: Caribbean-west coast India runs seen commanding same rate as Caribbean-Singapore
"[Particular owners] love WCI because it makes huge logistical sense and since they're lifting their own cargoes in the AG they don't have to worry about waiting time, a source said.