|JUNE 25, 2018|
- Asia-Europe rate declines 3.2pc to US$834/TEU, off 5.7pc to USWC
- CMA CGM boosts ASAF service with new rotation
- 2M Alliance suspends transpacific loop
- Maersk Line axes services to boost parent group's profits
- Raised Bayonne Bridge brings higher box volume to NYNJ port
- Cosco Shipping Lines adds another 14,500 TEU containership to its fleet
- Hong Kong fears US-China trade war will hurt trade volumes
- Singapore's OceanMasters geared up to sail towards its centennial
- Cathay Pacific fears US-China trade war will hit profitable cargo business
- Lowering of US tax rate drives up FedEx earnings 52pc to US$4.6b
- Emirates boosts flights to Luanda
|JUNE 24, 2018|
- AMTOI hosts interactive session on the current trend of logistics in India
- Centre of Excellence in Maritime & Shipbuilding establishes first-of-its-kind infrastructure in Asia Pacific with the formation of labs in Mumbai & Vizag
- Five-fold increase in India's cotton shipments to China possible next crop year
- Cargo share of Major Ports increasing
- India trying to make Chabahar Port in Iran operational by 2019: Nitin Gadkari
- Jawaharlal Nehru Port Trust celebrates International Day of Yoga
- Mini Cape coal vessel calls at Kolkata Port's Sagar for the first time
- PSA's BMCT holds career counselling session for students from local area
- Cool Chain Association Chairman calls for air cargo community to create its own perishables supply chain standard
- One year on, impact of GST seen as positive for road logistics sector, says survey
- Outlook for Indian logistics industry in FY19
- Exports from SEZs grow 38 pc in May 2018: EPCES
|JUNE 25, 2018|
- Across the open tundra
- Top-of-the-range vehicle for rotor blade transport
- Globaltruck to acquire GTD
- Congestion persisting at port of Felixstowe
- 295 tank cars for carrying chemicals
- Schabirosky and Schneider take top slots at Hermes
- 99 years later
- Over 700 vehicles joining UPS natural gas fleet
- Plans finalised for port of Prince Rupert terminal expansion
- Alpensped reinforces European team
- Moscow not only a target for football stars
- Cargo pact between Hong Kong and Paris airports
- Port throughput remains low key in 2018, says Drewry
- BMJ joins Logcoop network
- CCO change at port of Houston
- New offer for last-minute freight
- Hannibal doubles connections to Switzerland
|JUNE 22, 2018|
- Panama moves to tighten China ties
- Panama Canal gets 50% boost in 2018 LNG transits
- Pan Ocean, H-Line, and KLC get scrubber finance from KDB
- HHI closes offshore yard in cost-cutting exercise
- Anglo-Eastern boss says fitting scrubbers is 'absolutely insane', cites weight, stability issues
- South Korean ports eye Inter-Korean opportunities
|JUNE 22, 2018|
- Container shipping lines push for rates increase as capacity begins to tighten
- Market Insight: could DSV be a target for a forwarder like Damco?
- Cargolux ready to help, as NCA aircraft may be out of operation until July
- Logistics sector fears Customs chaos post-Brexit - 'Cargo won't move'
- Time running out to register for Fulfilment House Due Diligence Scheme
- OPEC moves toward raising oil supply to cool prices, as Iran softens stance
|JUNE 22, 2018|
- Canada taps Davie for three AHTS-conversion medium icebreakers
- Naval Group and Centrale Nantes print full scale naval propeller blade
- DFDS sells two ferries to time charterer
- McQuilling analyzes impact of Libyan risks on tanker demand
- Captain drank, left bridge unmanned: Vessel ran aground
- LNG fueled Pasha pair will have TMC compressed air systems
- ABS publishes DC Power Guide
|JUNE 22, 2018|
- Opec brings cheer to tanker owners with output hike
Outlook for crude tankers' earnings brightens with incremental oil expected to enter the market
- The Interview: Anselm Gehling
German investment group Dr Peters has regained confidence as market conditions improve, and is targeting crude tanker and MPP expansion...
- Star Bulk shares win approval for Oslo listing
Star Bulk shares must be listed no later than August 6, says Oslo exchange
- Cheer up, the outlook for world trade may only be moderately depressing
Let's pin hopes on the EU acting like the grown-ups in the room
- London Greeks raise orderbook concerns
UK-based Greek think tank urges greater R&D spending by industry stakeholders to meet emission reduction goals
- UK Chamber backs 'customs partnerships'
Sir Michael Bibby fears a no-deal scenario with the EU would usher in disaster for the UK economy
- Cainiao boss says e-commerce can reshape container shipping
The head of Cainiao, Alibaba's logistics arm, wants to provide digital solutions to carriers and their partners
- Prepare for 18 months of devastating uncertainty, Posidonia Roundtable hears
Shipping faces a standoff in the year ahead as regulators appear firm in their deadlines while ship owners see them...
- The Lloyd's List Podcast: Gender balance
Listen to the latest edition of Lloyd's List's new weekly podcast - your weekly briefing on the stories shaping shipping...
- World boxship fleet update: Few new orders, but fleet keeps growing
Fleet in balance ahead of likely increase in scrapping over next two years
- British heavylift exports face Brexit barrier if Airbus flies the coop
'No Deal' scenario directly threatens Airbus' future in the UK
- The path ahead for the Cosco-OOIL merger
The biggest puzzle is that CFIUS's concerns remain vague per se. 'The US side have not articulated what exactly their...
- Morocco modernises grain terminals to support imports
The North African country is upgrading its infrastructure with increased private sector involvement in financing and operations
- Alafouzos family launch tanker fundraiser in Norway
It is not just a play on the recovery of the tanker market, but also a play on the IMO...
- Noble agrees $100m trade financing facility
The investor consortium will in exchange get bonds offered by Noble as part of its restructuring
- Libyan turmoil hits Mediterranean aframax rates
Cross-Mediterranean aframax earnings have already fallen into negative territory, hitting minus $223 per day on Thursday
- Rotterdam's new barge shuttle helps cut congestion
New terminal connection adds 30% to barged container volumes
- Daily Briefing
Return of ship financiers comes at a price | Bullish bulker owners unfazed by trade wars | IMO 2020 to...
- TEN to offer $155m in preferred shares
Funds will be used for general corporate purposes, which may include vessel acquisitions, strategic investments and preferred share redemptions
- Torm opts to install scrubbers on 13 newbuildings
Decision is unusual because few product tanker owners have chosen scrubbers as a post-2020 sulphur-cap solution
|JUNE 22, 2018|
- 2M trans-Pac service cut underscores overcapacity, reliability decline
- Truck sector benefiting the most from India's tax reform
- Tariffs or not, Brazil's ag export uptrend to continue
- Port directors: BCOs face brighter future in new Southeast US chassis pool
- Tariffs exacerbate long-running US ag export woes
- Rotterdam barge delays persist despite easing measures
|JUNE 22, 2018|
- Profit jump at Oslo's Infinity
Shipbroker result defies tanker market slump
- Tsakos eyes up to $155m in preferred offering
Latest in line of preferred share offerings aims to top tanks ahead of newest aframax project.
- AHTS rates set to jump as Norway sells out
All 11 working anchor-handlers tied up on spot jobs on Friday.
- Murmansk ship auction off as owner pays up
Court sale of general cargo vessel called off in South Africa.
- Transmed Shipping buys third bulker from Noble Group
Sale completes Singapore-listed firm's exit from kamsarmax ownership.
- Braemar drafts interim chief financial officer
Appointment comes as London-listed firm says S&P and finance arms enjoyed strong start to fiscal year.
- DFDS offloads chartered-out ro-paxes
Ukrainian owner Ukrferry buys veteran vessels it has been operating in the Black Sea.
- 'Absolute disaster' warning on Brexit from Bibby
Head of UK shipowners publicly warns government minister that 'time is running out' for a smooth EU exit
- Lauterjung orders double in Poland
German owner linked to deal for two cargoships at Szczecin yard.
- Saade welcomes French PM on board
French pair to board boxship as part of official visit to China.
- New shipping loan scheme to support Norwegian yards
Eksportkreditt Norge has launched a new fund to support shipowners ordering at Norwegian shipyards. The Government says ferries, fishing vessels, well boats and short sea vessels are all covered under the new offering. Torbjorn Roe Isaksen, Minister of Food, said: "This is a relevant and accurate measure that will lead to increased activity in Norwegian shipyards and to our expertise and workpla
- HFW to advise Worshipful Company of Shipwrights
Law firm takes on work for London charitable organisation.
- Tanker tonic on the way from Opec
Tanker owners are set for a boost from Opec after the world's leading oil producers agreed to turn up the taps. Tanker fixtures slump as Venezuela plight worsens The cartel has overcome opposition from Iran and will raise output by about one million barrels per day. Saudi Arabia and Russia have been pushing for the increase but a hard meeting was expected today after Iranian Oil Minister Bijan
- Morten Hoegh takes chair at Gard
Deputy steps up at P&I club as Bengt Hermelin steps down.
- Smoke levels reduced on SSL Kolkata
But salvors hampered by bad weather off India.
- Verhoeven offers fresh look at life in Antwerp
A decades long love affair with Antwerp has lead former head of the European Community Shipowners' Associations and now managing director of the International Association of Ports and Harbors, Patrick Verhoeven, to write a book about its port. Harbour Life, now available in English, documents the full gamut of life at the Port of Antwerp, which Verhoeven first became interested in as a 16-year-ol
- Hyundai Heavy closing offshore yard as orders run dry
Hyundai Heavy Industries is set to suspend operations at its offshore yard when it completes its final live contracts in the coming months. The world's largest shipbuilder says the offshore facility in Ulsan will finish up its final contracted business in July and August. Korea Line Corp confirms Hyundai VLCC order Kang Hwan-goo, president and chief executive of Hyundai Heavy Industries, says o
- YZJ spends $9m on composites company
Chinese yard group takes stake in fibre glass plastics maker Suzhou Jiumei.
- Noble secures $100m in financing from investors
Trader says funds allow more flexibility to expand its trade flows, particularly in LNG.
- Silversea's Lefebvre: we would only have sold to RCCL
Owner of cruise line says the company was never up for sale, but US rival was the only suitable partner.
- Conbulk takes over Atlantska bulker
Greek manager operating Maple Glory after redelivery by Croatian company.
- EU investigates Qatar's long-term LNG deals
European body to check if there are problematic territorial restriction clauses in contracts.
- Fourteen robbers target tanker off Malaysia
Perpetrators later arrested by police along with two suspected masterminds based in Batam.
|JUNE 22, 2018|
- Ship collision video hits YouTube
Video of a bulk carrier hitting the stern of a containership berthed at the Port of Kaohsiung hit YouTube this week. Pyae Phyo Thant is cr...
- Council: Commerce should find way to revive Ex-Im
The Commerce Department Trade Finance Advisory Committee (TFAC) on Thursday approved a recommendation for the Commerce secretary to work wi...
- U.K. logistics industry sounds Brexit alarm
Britain's Freight Transport Association (FTA) says the logistics industry needs urgent assistance and guidance from government if delayed s...
- Study will look at expanding N.Y.-N.J. rail barge service
The Port Authority of New York & New Jersey has signed a contract for an environmental study to compare the environmental pros and cons...
- FedEx shares drop despite earnings growth
FedEx Corp. stock is taking a beating on Wall Street despite a strong earnings beat for thefourth quarter of the company's fiscal 2018 year...
- U.S. duties for South Korean roller bearings roll on
The Commerce Department said based on the results of its antidumping duty investigation that it will continue collecting dumping duties on ...
- Canada changing where cars are imported
Canada's Minister of Transport Marc Garneau on Wednesday announced an investment of more than C$6.3 million (U.S. $4.7 million) for a proje...
- UPS, Teamsters agree on contract terms
UPS and the International Brotherhood of Teamsters have reached a tentative agreement on terms for a new five-year contract, according to s...
- Trump pushing private USPS, air traffic control
President Donald Trump is looking to privatize the United States Postal Service and spin off air traffic control functions from the Federal...
|JUNE 22, 2018|
- Brent/WTI narrows sharply in wake of OPEC output deal
The oil complex surged Thursday, taking many in the oil world by surprise after OPEC and its 10 non-OPEC partners put aside political differences and agreed to adhere to 100% of their production cuts
- Australian energy IPO helps Vitol build cash pile in tough trading environment
Vitol plans to raise up to A$3.1 billion ($2.3 billion) from the listing of Viva Energy on the Australian Stock Exchange by mid-July.
- PAJ CHIEF SAYS US TARGETS TO BRING DOWN IRANIAN OIL EXPORTS TO ZERO
Refiners' purchases of Iranian oil imports in August could be "the last" without securing the US sanctions waiver.
- FUTURES: Crude rises ahead of OPEC meet, market divided on outcome
Falih said that the increment on crude oil production will take time and that the extra production will not flood the market.
- US university, navy developing ship coating to reduce bunker fuel consumption
If friction drag is reduced, vessels would consume less fuel and enjoy a greater range of operations, ONR said.
- INTERVIEW: Viswa sees jump in scrubber inquiries, plans more services ahead of IMO rule
At least 60% of the current ships expected to opt for scrubbers by 2022, Dr. Vis said.
- Exeno Yamamizu, Fearnleys become first ship broking firms to join SEA\LNG
The momentum behind LNG bunkering has been positive, particularly in the last 18 months, Keller said.
- Brent crude CFD market weakens amid OPEC-driven volatility
BFOE offers continued to outweigh demand at the prompt this week, as buying interest in the MOC was mostly focused around cargoes loading during H2July.
- Libyan forces recapture Ras Lanuf oil terminal, move on Es Sider
NOC did not indicate when it might lift its force majeure declaration on loadings from the two terminals.
- China to suspend detailed customs data release for May amid trade tensions: source
Suspension indicates US-China trade tensions remain high, with potential for further escalation in coming months.