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26 March 2019 The on-line newspaper devoted to the world of transports 09:04 GMT+1

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Sched Netweb site
MARCH 26, 2018
  • Asia-Europe rate drops 5pc to US$704/TEU, down 7pc to USWC
  • Burnt 15,000-TEU Maersk Honam towed to Dubai to salvage what's left
  • ONE, Yang Ming, OOCL to start extended intra-Asia loop April 11
  • China blames US for banning sale of American high tech products
  • Hi-tech is way forward for DP World: blockchain, AI and cloud
  • Global Ship Lease posts US$37.87 million revenue, but little else
  • Cheerios maker General Mills blames regulators for truck shortage
  • INTTRA adds Namsung Shipping to its electronic freight customers
  • Shipping industry weighs value of technology in operations
  • Animal rights activists protest flying Canadian horses to slaughter
  • Air cargo demand becomes harder to predict as retail evolves
  • Amsterdam Schiphol makes air cargo bigger, names Pouwels chief

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Exim Indiaweb site
MARCH 25, 2018
  • The Swedish Club delivers P&I discount
  • Trade war clearly bad for global shipping
  • Amendments to Foreign Trade Policy 2015-20 - Extension to Integrated Goods and Services Tax (IGST) and compensation Cess exemption under EOU scheme till 01.10.2018
  • More commodities now moving through Kakinada port
  • 'You can achieve whatever you want if you have the burning desire in you': Samir Mankad @ JBS Academy's 6th convocation
  • IATA launches solution to boost safety & efficiency in transport of dangerous goods by air
  • Is more consolidation inevitable in the logistics & warehousing space in India?
  • Orissa Bengal Carrier launches maiden IPO
  • Panel discussion outlines vision for infrastructure development in Maharashtra
  • Seabird acquires Delhi-based MJ Logistic Services
  • Vakrangee announces strategic business tie-up with Blue Dart Express
  • India seen not having much flexing power despite high imports in case of probable trade war

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International Transport Journalweb site
MARCH 26, 2018
  • Of kangaroos and tigers
  • The big picture in a small country
  • Loan to support railway upgrades in India
  • DHL building for Eaton
  • Frankfurt airport ready for more pharma freight
  • Partners funding blockchain trials
  • Enhancing safety and efficiency across UP network
  • Felcht taking leave of DB after eight years
  • Second Sete - Izmir ro-ro connection
  • Busch climbing DHL career ladder
  • Three more locomotives for Hansebahn Bremen
  • Ready for rollout: new toll system in Slovenia
  • More services to South African airports
  • Broekman Logistics opens new warehouse
  • ZCP and CFX modified by Zim
  • Ships cease to be hindrance to freight trains
  • DFDS rearranges UK team
  • Air Astana offering new Frankfurt service

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IHS Maritimeweb site
MARCH 23, 2018
  • Ballast water deficiencies in US double in 2017
  • P&I club to return premiums to members
  • The continued safety risks of crew fatigue
  • Shares of CSSC plunge 30% after swapping debt to equity
  • NYK Line begins new shipping contract with Okinawa utility
  • Middle-aged tanker scrapping on the rise as regulations draw near
  • Polaris Shipping ordered to fix unauthorised modifications on ore carrier
  • Seoul plots Five-Year Plan to rescue its maritime industry
  • China container volumes grow strongly in February as risk of trade war looms

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The Loadstarweb site
MARCH 23, 2018
  • Spot rates tumble with excess capacity and threat of US-China trade war
  • 2017 was one of the most successful years ever for Lufthansa Cargo
  • Education the key to preventing dangerous links in e-commerce supply chains
  • KFC supply failure, what went wrong? - the Phantom CPO speaks
  • China 'prepared' for trade war and unveils response to Trump tariffs
  • Blockchain and cryptocurrency will usher in a new era for supply chains

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Marine Logweb site
MARCH 23, 2018
  • Podcast: EBDG's John Waterhouse discusses design, technology trends
  • VIDEO: Big potential seen for "digital twins"
  • Qatari Coastguard orders nine more vessels at Turkish shipyard
  • Liftboats and a tax cut help SEACOR book a profitable quarter
  • Massive spending bill includes $3.3 billion more for Navy shipbuilding
  • Wärtsilä to maintain South American river tug fleet

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Lloyd's Listweb site
MARCH 23, 2018
  • Pirates attack tanker and abduct two fishermen off Nigeria
    Tanker thwarts attack but two fishing vessel crew members are abducted in a separate incident earlier on the same day
  • Five things to watch: Dry bulk shipping
    Forecast earnings in Lloyd's List survey rise as supply-demand balance continues to improve
  • NYK Line says embezzlement case will have 'minimal' impact
    An investigative committee discovered $8.5m of unreasonable and illegal payments in one of NYK's Chinese subsidiaries over four years
  • Swedish Club sticks to zero increase despite 104% combined ratio
    Marine mutual reveals entered fleet tonnage hit a record level
  • Between the Lines: Post-Chinese New Year capacity outlook
    Excess capacity remains on most trade lanes as carriers hope for demand growth to continue
  • Central Europe seafreight platform now accepting cryptocurrency
    Blockchain advocates hail decision as breakthrough, as agrees to take CargoX's CXO token in payment for logistics services
  • Fighting fire with facts
    The Maersk Honan casualty shows the container shipping sector needs to take more steps over hazardous cargoes
  • Amazon is no threat to container lines
    E-commerce giant is not going to operate a fleet of container ships, the challenge will be over who controls the...
  • Data Hub: Trade Statistics
    Booming US market driving increased volumes on main trades in and out of North America
  • The Interview: Bill Gallagher
    Bill Gallagher, president of International Registries, Inc talks to Lloyd's List about the importance of acting on diversity, improving safety...
  • Trump's tariffs pose major threat to shipping demand growth
    Trump's tariffs can bring big marginal effects on maritime industry
  • Shell unveils LNG strategy for post-2020 bunker world
    Energy major plans to enlarge LNG-fuelled fleet and build more LNG bunkering infrastructure, says shipping head Grahaeme Henderson
  • Ship positioning will be key for earnings in US-China fallout
    Container and dry bulk shipping markets could be hit the hardest in trade wars between the two trading giants
  • South Korea orders Polaris to rectify vessel's safety issues
    South Korea's Ministry of Oceans and Fisheries discovers 22 unapproved equipment modifications on the Stella Eagle during a safety check
  • Romania takes majority stake in Daewoo-Mangalia shipyard
    Damen to transfer 2% stake in the shipyard to state-owned firm 2 Mai Mangalia in return for the acquisition to...
  • Diana Shipping nets 87% rate boost for charter deal with SwissMarine
    Capesize dry bulk carrier to start new employment from March 25, with the deal expected to bring in $7m gross...
  • EU's biggest shipping registries shun climate change agenda
    Rank of climate change ambitions by non-governmental organisation Transport & Environment lists Malta, Greece and Cyprus among the least interested
  • US-China trade war may hurt shipping, says BIMCO
    Measures are not likely to have much impact on dry bulk trades, but there may be repercussions for shipping in...
  • Pangaea reports strong fourth-quarter results
    US-based dry bulk operator sees little supply side risk as many rivals constrained from expanding
  • Handysize FFAs plummet as funds disappear
    Handysize market does not make a good hedge owing to its lack of liquidity

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The Journal of Commerceweb site
MARCH 23, 2018
  • Persistent congestion at Port of Montreal spurs drayage rate hikes
  • ILA, USMX report 'significant progress' on 6-year extension
  • Blank sailings can't stop trans-Pac spot rate drop
  • Trade dispute with China threatens US container exports
  • New Orleans backs multimodal project at former shipyard
  • SSA opens Mexico ro-ro terminal amid vehicle export surge
  • New India-Bangladesh train service to lower shipping costs
  • Breakbulk, forwarders adapt to meet demands of new water works era

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TradeWindsweb site
MARCH 23, 2018
  • Marinakis rejects drugs link, vows to fight 'plotters'
    Greek owner says he is the victim of a government plot after Piraeus judge links him to controversial drugs shipment case.
  • Grindrod narrows yearly losses
    South African tanker and bulker owner moves closer to black ink as losses from discontinued operations lessen.
  • US Gulf VLEC terminal gets sponsor
    Private equity fund said to be buying into project that aims to ship ethane to China.
  • Seacor sees fourth-quarter gain on tax deal
    Offshore vessel owner still reports operating loss as market recovery continues to find footing.
  • Golden Ocean adds period cover on capes
    John Fredriksen's dry bulk vehicle takes advantage of juicy one-year period market to fix capesize.
  • Third Trinity Ships tanker sold by court
    Namibian high court orders disposal of Greek operator's veteran Palenque I.
  • Ultrabulk expects swift return to profit after 2017 loss
    Danish operator slipped into the red last year but forecasts the loss will be a one-off.
  • Dry bulk spared in China's swipe at US
    Tit-for-tat tariffs between two largest economies in the world may hit some reefer trades though.
  • Top Ships fixes $36m newbuilding loan
    European bank comes up with money to finance latest two MR deliveries.
  • JX Ocean inks JMU VLCC order
    Japanese owner said to have returned to compatriot yard for second big tanker.
  • GasLog Partners pens new charters with fresh client
    Deals come just a few days after $207m dropdown from parent.
  • EMAS refinancing hinges on Oslo listing
    Singapore OSV owner's new investor wants continued presence in Norway.
  • Tor Olav Troim chips in $20m as Borr Drilling banks $250m
    Equity offering backed by key shareholders supports purchase of Paragon Offshore.
  • Fitch takes a swipe at boxship owners
    Ratings agency negative on prospects as it criticises "low credit quality."
  • KLC sells 7.5% stake in sister SM Line
    Korean owner banking $17m from disposal of shares.
  • Financial costs hurt Containerships
    Finnish owner saw fourth quarter earnings cut as finance expenses rose.
  • JP Morgan jacks up DHT Holdings in weak tanker market
    Upgrade comes as analyst drops three other shipping names to neutral.
  • Emissions: Greece named as worst EU shipping nation
    Green group reveals countries with poorest attitudes to fighting climate change.
  • Pakistan in drive to build VLCCs and ULCCs
    Government thinks big with plans for new shipyard in Gwadar
  • Garthcliff Shipping makes debut ship purchase
    UK-based shipowner makes use of alternative source of capital to acquire feedership.
  • Singapore fuel oil stocks hit 2018 high
    Lion Republic imports more bunker fuel on increased demand from shipping and weaker demand in Europe.
  • Hapag-Lloyd boxship chased by robbers off Ghana
    Incident involving German containership marks spread of piracy threat in West Africa.

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American Shipperweb site
MARCH 23, 2018
  • House Republicans challenge Ross on metal tariffs
    Several GOP lawmakers expressed concern with Trump administration "Section 232" tariffs against steel and aluminum during a Thursday House ...
  • Burnt Maersk Honam expected to dock in Jebel Ali
    Maersk Line said the fire on its containership, Maersk Honam , which killed five crew members, is under control, with salvage operations le...
  • Xeneta: Transpacific rate instability indicative of persistent overcapacity
    Even after a profitable 2017 and continued rate increases in the early parts of 2018, the container shipping industry might not be out of t...
  • NAM presses for Ex-Im Bank confirmations
    The National Association of Manufacturers (NAM) wants the Senate to complete as soon as possible the confirmation process for four outstand...
  • Truckload pricing growth streak continues in February
    Domestic U.S. truckload (TL) rates continued their extended growth streak in February 2018, increasing 6.5 percent compared with the same m...
  • High-rise logistics
    Condominiums in a striking high rise tower now under construction in Miami called One Thousand Museum will overlook the Port of Miami, thro...
  • Intermodal rates rise again in February
    Intermodal rates grew another 5.4 percent in February 2018 compared to the same month the previous year, the seventeenth consecutive year-o...
  • Trump threatens to veto budget as shutdown deadline looms
    President Donald Trump took to Twitter on Friday to threaten to veto a $1.3 trillion federal budget that was approved by Congress just hour...
  • China to 'fight to the end' against U.S.-planned tariffs
    China vowed to "fight to the end" in any forthcoming trade war with the U.S., suggesting it plans to retaliate against U.S. tariffs ordered...

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The Bunker Bulletinweb site
MARCH 23, 2018
  • US exit from Iran deal likely following Bolton appointment
    Presidential decision Thursday to name John R. Bolton as his new national security adviser greatly increased the likelihood of a US exit from the Iran nuclear deal next month, according to analysts.
  • Royalty relief lures more bids in shallow water Gulf of Mexico
    Shallow-water royalty relief may have given a boost to recent Gulf of Mexico Lease Sale 250, where oil and gas operators made more than four times as many bids for blocks in water depths of less than about 650 feet than in the previous sale.
  • OPEC production cut deal should have no timeframes: Russian Lukoil
    OPEC, Russia and the other participants in a production cut agreement should stop talking about any expiration dates for the deal, so that they can maintain flexibility on when to exit it, Lukoil CEO Vagit Alekperov said Friday.
  • IMO sulfur cap seen spurring African storage
    The switch to cleaner bunker fuel mandated by the International Maritime Organization will create a major need for storage once the cleaner fuels policies get underway, with some eyeing up a greater footprint in Africa.
  • Crude complex higher on geopolitics, demand
    Crude futures rose Friday as geopolitics added fuel to the fire of firm fundamentals.
  • Lack of cargo loadings see ARA fuel oil inventories jump 30% week on week
    Market talk of a lack of fuel oil cargo loadings in the Amsterdam-Rotterdam-Antwerp hub for Asia as well as soft bunker demand was supported by data from PJK International showing stocks rose 30% to 939,000 mt in the week to Thursday.
  • Bad weather causes concern for bunkering operations at Gibraltar
    Incoming bad weather could be set to cause further delays in bunkering operations in the west Mediterranean ports of Gibraltar, Algeciras and Ceuta, market sources told S&P Global Platts Friday morning.
  • Med LSFO glut struggles to clear, seasonal support missing
    The Mediterranean low sulfur fuel oil market is currently oversupplied and struggling to clear its length, offers in the Platts Market on Close assessment process this week have indicated.
  • Brent/Dubai EFS hits 2-month high amid strong crude
    Brent crude prices have been on an uptrend amid increased compliance by OPEC producers with their output cut deal, improved demand, a decline in US crude stocks and rising geopolitical tensions in the Middle East.
  • TANKERS: Low freight rates prompt renewed interest in trans-Atlantic voyages
    It has created a "you win some, you lose some" attitude among shipowners, sources said.

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