|MAY 24, 2018|
- India braces for dock strike after JNPT truckers walk out
- Maersk cuts back as bunker soars and US bans Iran trade
- Panama-flagged car carrier fire in Incheon destroys more than 1,000 cars
- Seaspan accepts its third of four 10,000-TEU SAVER ships
- Indonesian president hails CMA CGM's direct calls to USWC
- MISC profit slips 4pc to US$96 million, sales fall 47.7pc
- Bohai port develops fully automated container terminal
- Canadian Coast Guard buys Thordon propeller shaft bearings
- Long Beach wins top Fitch rating plus big environmental award
- Eagle Marine to invest US$70 million in LA terminal
- NASDAQ's Landstar hits 10,000-owner operator truck mark
- Kerry joins Thai transit system for e-commerce gains
- Panalpina adds Queretaro to its US-Mexico network
- Annual flight of the Alaska Copper Salmon begins anew
- Autonomous chopper drops supplies to marines on the ground
- Study: More student pilots sign up for a second year
|MAY 23, 2018|
- HMM expanding research into new technologies to improve business processes
- Lines need to collaborate on standardised technology solutions, says MSC CIO
- NYK cautions against cross-border fraudulent letters from criminals spoofing NYK & NYK Group
- IT Ministry working on package of measures to boost electronics exports
- Pepper exporters hope govt will scrap MIP soon
- Djibouti attractive for investors in Horn of Africa but tread carefully, says report
- Port of Rotterdam Authority's new Pronto application reduces port waiting time by 20 pc, lessens CO2 emissions
- Reforms showing results on the ground in ex-im trade, says JNCH Chief Commissioner
- Govt's focus on strengthening logistics facilitation for trade stressed
- Inspection of Dangerous Goods Containers & Checklist to Compliance
- India a key contributor to Cathay Group's cargo volumes in April
- Symbiosis Skills & Open University starts BBA - Port and Terminals Management course in Pune
|MAY 24, 2018|
- Robust enough for Switzerland's steep slopes
- More vessels for Eurofos
- Jumbo veteran Hans Gerhard Khan passed away
- Wagon hire business flourishing
- Wisetech acquires Turkish company
- Icao holds last safety management symposium in Kigali
- Turkey and Poland linked by intermodal rail service
- Implementing design of 5th generation vessel
- Up and running - EMS Chartering's new office
- Kale collaborates with Cybage
- Salam Pacific Indonesia Lines joins in
- Geodis redefines inner structure
- DFW starts runway rehabilitation project
- Short line railroad looks to set technology standards
- Ensinger augments logistics facilities
|MAY 23, 2018|
- Box lines face USD10 billion hit from higher oil prices
- China Merchants Group takes control of Zhejiang Eastern Shipyard
- David Galea appointed senior lawyer at Ince & Co
- OOIL deputy finance chief confident about COSCO Shipping merger
- Tanker scrap prices weaken amid full yard capacity, Ramadan
- Brightoil Petroleum (Singapore) CEO retires amid ongoing results delay
- Qatar launches self-sufficiency plan amid quartet blockade, expands ties with Iran
- Aerial view of cars awaiting shipment abroad
|MAY 23, 2018|
- Rebranded Tiaca is no 'spent force' and is good for air cargo, says chairman
- MPC picks up three more discounted boxships as the charter market heats up
- 'Fear of being first' may be the biggest hurdle for blockchain in logistics
- Even buskers take bitcoin now, but should you? A note of warning
- Airlines divided on cross-industry collaboration to boost pharma volumes
- Travel time key to lower labour costs in distribution centres
- Tesla Semi: it's climate change, stupid
|MAY 23, 2018|
- PODCAST: Viega's Paul Switzer: How to eliminate costly "hot work" on pipe installation, speed ship construction
- Court approves Harvey Gulf Plan of Reorganization
- Bouchard appoints VP Vessel Compliance and Auditing
- IMO approves new Inmarsat advance in maritime safety services
- Havila takes PSV out of lay-up for AGS job
- Damen and CMM partner on fast crew change solution
|MAY 23, 2018|
- ForestWave says abducted crew off Nigeria have been released
Eleven crew members aboard the general cargo carrier FWN Rapide have been released a month after pirates attacked the vessel...
- BHP expects well-run bulker firms to take advantage of rate environments
Strong seaborne trade demand from China and rising bunker prices point to healthy freight earnings for bulker owners
- Shell builds LNG bunkering hub in Florida
LNG is the best way to meet the regulations, but it will need an industry-wide collaborative effort to build a...
- Container shipping faces $10bn hit from higher oil prices
Further deceleration of vessel speed branded as the 'last resort' for carriers to tackle the surge in fuel prices
- New dangers ahead for LNG sector as short-termism takes over
At KNect365 Energy's Gas Shipping Americas conference, Poten & Partners' global head of business intelligence sounds a warning note
- Record shale output and scrapping boost Jones Act tanker earnings
Daily hire in the US domestic shipping market has doubled on year, lifting the results of OSG and AMSC
- Ports are part of clean air solution, BPA says
New government strategy targets port emissions and discusses extension of ECAs in the UK
- Shippers advised to lock in sea freight rates now
Despite a dimmer outlook for container carriers, box rates could rise later in the year
- Between the Lines: First-quarter carrier financials fail to impress
All but four container carriers have reported negative earnings before interest and tax in the January-March period
- Hans Gerhard Kahn, developer of heavylift concept, dies at 95
Company pays tribute to man who invented entire shipping division
- Fight for market share behind poor carrier results
Rising bunker and charter costs mean full-year results could be affected if supply side issues are not addressed, says Alphaliner
- Corpus Christi pushing for channel upgrade funding
Port of Corpus Christi's chief commercial officer Jarl Pedersen has not given up hope of completing a channel upgrade by...
- FMC commissioner open to two carrier alliances
However, Mr Maffei doubts whether such a move would gain regulatory approval from Brussels and China, particularly given the latter's...
- FSL Trust secures $18m to refinance chemical tankers
The High Court has granted the company, which reported a sharp year-on-year fall in its first-quarter net profit, an extension...
- Cheniere gears up for Corpus Christi LNG Expansion
Corpus Christi Train 3 is the first new liquefaction capacity in the US since 2015
- China to reduce tariffs on imported cars amid trade talks
Shares of US carmaker General Motors rose $0.19 to $38.28, while those of Ford were up $0.01 at $11.52 on...
- OOIL finance executive confident on merger with Cosco
All parties are working together with CFIUS to obtain approval 'with the same timeframe'/p>
- Aegean Marine boosts board amid 'comprehensive' business review
The company has received a NYSE notice concerning a breach of filing rules and says it 'cannot predict with certainty'...
|MAY 23, 2018|
- Montreal congestion, turn times decline with extended gate hours
- Analysis: Eastern Canada ports battle for mega-ship calls
- Logistics startup ShipChain hit with cease-and-desist order
- India scraps cabotage rule, opens domestic freight to foreign ocean carriers
- Politics could soften demand for US heavy machinery exports
- About 300,000 Brazil truckers block roads to protest fuel hikes
- Maersk cites Canada's growth for new service to Europe
- Huge subsidies keep China-Europe rail network on track
|MAY 23, 2018|
- Investor takes Aegean stake over 5%
US-based private equity firm Towle & Co. owns 2.1 million shares of Aegean Marine Petroleum Network.
- Creditors okay Harvey Gulf bankruptcy
Offshore vessel owner readies to restructure under prepackaged bankruptcy plan.
- Dorian study: LPG is best IMO 2020 option
ABS analysis commissioned by New York-listed Dorian LPG shows LPG as most economical fuel to meeting impending sulphur cap regulations over long term.
- USMMA scandal: Have lessons been learnt from academy's toughest test?
How has the leading US merchant maritime academy dealt with the sexual scandal that engulfed it two years ago? 'Can do better,' suggests a report into the aftermath of widespread claims of sexual misconduct
- Seaways readies $50m bond offering
Diversified tanker owner seeks additional leverage for financing of Gener8 VLCC acquisition.
- Benetech finds one-year employment on LR1
Greek shipowner Benetech found employment for a long-range-one (LR1) tanker it picked up last year. Market sources say the 75,000-dwt tanker Georgia M (built 2007) will be under hire to Emirates National Oil Co for a year with an option for a second year. The rate is said to be $13,000 per day, which is roughly in-line with one-year charters on panamax-sized tankers. Benetech bought the ship
- SCI boosted by annual tax gain
Indian state owner also saw better results from boxships and bulkers.
- Oakland coal export ban struck out
Judge clears the way for bulkers to head to Asia from US port.
- Astrup investment firm sees profit jump
Executives caution that results for 2018 will be weaker than last year.
- Pacific Drilling extends creditor mediation
Drilling company now has until 4 June to work out a restructuring plan.
- Malaria suspected after Greek bulker death
Second crewman stable after illness reported on Meadway ship in Poland.
- Teekay director lashes out at non-performing brokers
Teekay director of business development, Matthew Blake, has a strong warning for shipbrokers: shape up or ship out. Teekay Tankers sells seven in leaseback deal Blake - who took part in the tanker panel at the TradeWinds Shipowners Forum held in Singapore - did not hold back in his criticism of tanker chartering brokers. He says they are claiming credit for driving down spot rates. Blake s
- Thorco Projects prepares to repel boarders
Danish owner says newcomers face cheap but technically demanding entry to sector.
- Knutsen NYK Offshore returns to profit
Ship sales, strong operations and a better market aide Norwegian shipowner.
- Monjasa switches auditing to DNV GL
Danish bunker and tanker player ditches Bureau Veritas for Norwegian rival.
- The TW+ Quiz Part One
How much can you remember of the last three months in the whirlwind world of shipping?
- Inmarsat loses GMDSS monopoly
IMO approves US rival Iridium's system for satellite services.
- Meet the new boss: Ian El-Mokadem shares his vision for V.Group
The shipping newcomer tells TW+ there is more to his plans for private-equity-backed V.Group than securing a stock listing
- Hope of jump in liner profits 'rapidly diminishing'
Alphaliner issues note of caution following difficult start to the year.
- Tallink aims for Helsinki listing
Estonian ro-pax group goes for secondary presence in Finland following review.
- China and Iran differ on causes of Sanchi tragedy
China blames Sanchi while Iran says Chinese register bulker was at fault.
- American Shipping Company back in black
Rising Jones Act tanker rates help Aker-backed company return to profit.
- U-Ming profit shrinks on JV losses
Revenue stable at Taiwanese bulker owner in first quarter.
- Havila reactivates laid-up PSV for charter
Norwegian owner finds term work for ship stacked since February.
- Sealink International keeps losses in check
But Malaysian offshore vessel shipbuilder sees lower revenue follow asset disposal.
- Fjord1 profit cut by taxman
Changes in estimates reduce earnings for Norwegian ferry group.
- ISPRL takes first ADNOC crude cargo
Indian group has three new underground storage facilities ready for more VLCC cargoes.
- Korean owner linked to LNG-powered Newcastlemaxes
Government also said to be looking to boost infrastructure to promote LNG bunkering.
- Nordic Shipholding starts 2018 with larger loss
But Danish product tanker owner boosted by lending banks amending certain loan covenants.
- Uber ride hailing app boosting demand for tankers
Declining cost of mobility is reportedly raising global oil demand, say Bernstein.
|MAY 23, 2018|
- Container shipping dynamics may shift
Analysts at Danish Ship Finance (DSF) say that "emerging digital business models" may begin to change dynamics in the container shipping in...
- Water resources bill flows through committee
The House Transportation and Infrastructure Committee approved H.R. 8, the Water Resources Development Act of 2018, Wednesday morning.The b...
- Maersk launching Med-Canada loop
Maersk Line is expanding its offering to and from Canada with a new dedicated transatlantic container service, the company said in a statem...
- Customs, trade community communication 'great'
National Customs Brokers & Forwarders Association of America (NCBFAA) Board Chairman Geoff Powell said Tuesday that while certain eleme...
- Mnuchin: China not free of steel, aluminum tariffs
The United States has not exempted China from the Trump administration's controversial global tariffs on imports of steel and aluminum, acc...
- On The Surface: Short line strides
Short line railroads across the United States offer affordable and flexible options for shippers, yet they are still struggling to overcome...
- Senate panel aims to block easing of ZTE sanctions
The Senate Banking Committee Tuesday overwhelmingly approved an amendment to the Foreign Investment Risk Review Modernization Act of 2017 t...
- CBP exploring 'known shipper' e-commerce concept
U.S. Customs and Border Protection (CBP) is exploring a sort of "known shipper" approach for according trade-processing benefits to e-comme...
- 'Canada's pilotage regime is stuck in the 1970s'
Canada's maritime industry welcomed the government's recently released recommendations to modernize the country's 45-year-old rules for pil...
|MAY 23, 2018|
- China-US trade truce could boost bilateral energy trade
China and the US agreed this weekend to put a halt to their trade dispute after the former agreed to buy more US goods
- US DATA: EIA says US fuel oil stocks reach their lowest in 2018
US residual fuel oil stocks for the week ended May 18 fell to their lowest levels so far this year
- Durban to get more bunker demand as Cape Town prices soar: sources
Bunkering demand at South Africa's port of Durban is likely to rise as prices at Cape Town are extremely high
- Bunker supplier Aegean says 'cannot predict' when will file 2017 results
"The company is pleased to have the continued support of its lenders and other stakeholders."
- SINGAPORE BUNKER MOC: Bunker fuel deliveries done for 30,930 mt during Mar 20-Apr 23
Glencore was the single largest seller of bunker fuel.
- Gunvor's ClearOcean Tankers orders six scrubber-ready tankers ahead of IMO 2020 rule
The six contracted vessels will be delivered in the first half of 2019, well ahead of the IMO's global sulfur cap rule.
- FUTURES: Crude lower amid profit-taking, bearish US gasoline data
API reported a build of 980,000 barrels of gasoline, contrary to analysts expectation of a decline of 1.38 million barrels.