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12 December 2018 The on-line newspaper devoted to the world of transports 20:17 GMT+1




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Sched Netweb site
NOVEMBER 26, 2018
  • CMA CGM Q3 volumes up 5.5pc to 5.26m TEU, but net profit down 68pc
  • Hapag-Lloyd aims for 'quality, selective global growth and profitability'
  • Hapag-Lloyd to fit 10 vessels with exhaust gas cleaning systems next year
  • MPC Container Ships set for major scrubber commitment
  • Valencia box volume up 4.8pc to 5m TEU buoyed by strong imports
  • European study finds US-China trade war hits China harder
  • Kuehne + Nagel acquires Quick International Courier
  • Seafarers gain extra US$27 bringing minimum wage to $641 by 2021
  • Urumqi airport gets US$8.3b expansion as key stop on One Belt One Road
  • US pilots with AAWW, ATSG seek new work as dissatisfaction hits 80pc
  • SkyTaxi receives converted freighter from ATSG subsidiary CAM

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Exim Indiaweb site
NOVEMBER 25, 2018
  • CMA CGM continues its growth in Q3
  • Hamburg Süd receives global freight award in environment category
  • Hyundai Merchant Marine organises trade meet in Ahmedabad
  • London P&I Club issues loss prevention guide for coal cargoes
  • The impact of alliances in container shipping
  • APM Terminals Pipavav trains local youth to be self-reliant
  • KGPL signs concession pact for greenfield port with AP govt
  • Integrated logistics plan in the works
  • Govt allows 5 pc MEIS benefit on export of non-basmati rice for the next four months
  • GST practitioners' exam postponed

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International Transport Journalweb site
NOVEMBER 26, 2018
  • A port for the entire region
  • Embarking on construction of new box terminal
  • LNG master plan at Marseille Fos in action
  • One month ahead Christmas on Easter Island
  • Atlas Awards for Turkish players
  • Moldova Railways expands locomotive fleet
  • KSK buys new refrigerating equipment
  • Looking back on Utikad at Logitrans
  • Leipzig and Hanoi airports to work together
  • Dachser switching to 100% lithium-ion technology
  • Bolivian waterways opening up internationally
  • Innovative idea for transporting motorbikes
  • Hefty EUR 33.5 billion budget for CEF 2021-2027
  • CDO receives seat on Otto Group board
  • Siemens receives major order from Swiss Post
  • Shuttle connecting Spain and France
  • "Curiosity of the Day"
  • RFD keeps Chicago air cargo rocking

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IHS Maritimeweb site
NOVEMBER 23, 2018
  • DEME sets sights on Orion delivery as offshore wind market to grow to USD50.5 billion
  • Kitack Lim re-elected as IMO secretary-general
  • Shell follows Conoco Phillips and sells stake in Greater Sunrise LNG project to Timor Leste
  • Indonesia softens foreign shipping restrictions on international trade
  • MEPC takes on ocean plastics
  • STX O&S eyes refund guarantees after sale of non-core assets

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The Loadstarweb site
NOVEMBER 23, 2018
  • PE firm puts six operators together to form the UK's largest logistics company
  • Hapag-Lloyd jumps on the scrubber band wagon before they 'sell out'
  • German air freight sector calls for innovation and digitalisation push at Frankfurt Airport
  • Takeover of Ireland specialist GC Trans boosts Transuniverse European presence
  • Trade and politics split the fortunes of the two giants of Latin American trade
  • Market Insight: A Flexport-style disrupter, Salesforce is an 'SaaS' star that has changed the way we work and live
  • Fishing boats to small stores, Amazon will stop at nothing to win in India
  • Supply chain radar: All ready for CMA CGM's big day
  • Supply chain radar: Why Nestlé locked horns with ocean carriers

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Marine Logweb site
NOVEMBER 23, 2018
  • Hapag-Lloyd to fit ten Hamburg class ships with scrubbers
  • ABB Turbocharging opens new branch in Zhoushan, China
  • Corvus Energy ups marine battery production capacity
  • Wärtsilä 31 retrofit promises big fuel cost and NOX emission reductions
  • Kitack Lim set for second term as IMO Secretary-General

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Lloyd's Listweb site
NOVEMBER 23, 2018
  • The Interview: Tim Huxley
    Mandarin Shipping's chairman is slowly but steadily building up a platform to grow the business as an Asian-based tonnage provider...
  • IMO delays transparency reform debate
    Consideration of information access reforms will now effectively be pushed back to 2019
  • Diana Containerships posts net loss in third quarter
    The company trimmed its fleet to four vessels earlier this year and declared itself debt-free in July
  • Rising costs dent bottom line at CMA CGM
    French carrier saw revenues and liftings increase, but higher fuel costs took their toll. Meanwhile, the company intends to make...
  • Charter contracts and insurance coverage need revisions ahead of 2020, experts warn
    Senior Clyde & Co and Marsh chiefs note there are several unresolved and grey areas regarding insurance and contracts as...
  • Small bulkers present better asset value upside
    This month, handysize ships have been earning more than the larger capesize vessels, at about $10,000 per day compared with...
  • Brussels clears Antwerp of state aid charges
    Reducing compensation for missing minimum throughput volumes during the financial crisis was justified, rules European Union competition authority
  • Hapag-Lloyd hedges its bets on future fuels
    Compliant fuel will power 90% of the world fleet in 2020 as opportunity for scrubber installation disappears
  • Bumi Armada posts third-quarter loss as impairment charges bite
    Group is also taking steps to strengthen its balance sheet by refinancing debt
  • The Lloyd's List Podcast: Why shipping needs artificial intelligence
    Listen to the latest edition of Lloyd's List's weekly podcast - your weekly briefing on the stories shaping shipping in...
  • Rush to be 'low-sulphur ready' could trigger box charter rate surge
    Analysts and brokers are forecasting a surge of up to 30% in some sectors
  • Daily Briefing
    South Korea unveils $1.5bn fund for LNG-powered ships | Port leaders in Hong Kong prepared for 'monumental challenges' | Exclusive...
  • Daily Briefing
    2020 sparks box charter spike speculation, 2020 prompts contract caution, 2020 fuels Baltic review, 2020 see Hapag hedge, but if...
  • Nordic American Tankers sells two more ships
    Company sold 10 older vessels and bought three newbuildings in 2018
  • Baltic Exchange considers wording for dry bulk indices ahead of IMO 2020
    One suggestion by a hedge fund is to have two indices running in parallel for each segment

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The Journal of Commerceweb site
NOVEMBER 23, 2018
  • Log-In rides Brazilian cargo shift from truck to cabotage
  • Managing fuel costs, CMA CGM leverages scale for profit
  • Embattled Europe rail focuses on boosting service, reliability
  • Eastbound trans-Pacific spot rate rally ends ahead of GRIs
  • PSA Singapore to double capacity at congested Chittagong

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TradeWindsweb site
NOVEMBER 23, 2018
  • StealthGas strikes upbeat note on LPG market after Asian rate rebound
    Chairman Michael Jolliffe notes string of time charters came after upturn in fourth quarter.
  • CMA CGM sees third-quarter profit fall as fuel prices rise
    CMA CGM trumpeted the role of scale in helping it hit its financial targets despite a drop in its third-quarter bottom line. CMA CGM boosts stake in CEVA following takeover offer Saade: interest in Hapag-Lloyd at an end The French carrier posted a profit of $103.1m in the three months to the close of September, down by more than two-thirds on the same period a year ago. Rodolphe Saade, chief e
  • Tallink's Helsinki listing approved
    Estonian ro-pax group Tallink has been cleared to list on the Nasdaq exchange in Helsinki. Trading in the Finnish share depositary receipts of the company is expected to start on 3 December. The company decided to go for a secondary listing in May following a review, and will continue to trade on the Nasdaq Tallinn bourse. "We are very pleased that Nasdaq Helsinki has today approved our applica
  • Centrofin distanced from double tanker deal
    Reports linking Greek shipowner Centrofin with the purchase of a pair of LR1 tankers are off the mark, sources say. Norden tied to purchase of Diamond S Shipping brace Rumours in shipbroking circles are connecting the company with a $27m swoop for the Mercator Navigation pair. However, well-paced sources tell TradeWinds the company is not the buyer of the 74,000-dwt King Douglas and King Daniel
  • Fincantieri on shortlist for Uljanik partnership
    Italian yard giant has submitted letter of intent to Croatian government.
  • Wan Hai profit chopped by higher costs
    Taiwan's Wan Hai Lines has posted lower third quarter earnings despite higher revenue. The containership owner said net profit was TWD 462.82m ($15m), against TWD 1.28bn in 2017. Revenue rose to TWD 17.32bn versus TWD 15.81bn, but operating costs increased more quickly to TWD 16.1bn from TWD 13.42bn. Earlier this month, Wan Hai inked orders worth $900m for up to 28 container vessels to be bui
  • Eurotankers tied to fourth second-hand purchase of 2018
    Eurotankers is tipped to have added a suezmax tanker to its fleet to continue an active period of expansion for the Greek shipowner. The ship was said to have attracted the attention of over 10 buyers in what was a closely followed piece of business given the renewed interest around tankers. Yasa bags solid price on sale of LR2 as rate rises strengthen tanker values Eurotankers scoops up LR2 fr
  • RAL wins $34m KfW loan for new boxships
    Greenland owner taps German lender to fund Zamakona feeders.
  • Where are shipping's Black Friday bargains?
    Shipowners looking for a Black Friday bargain have options across the bulker, tanker and container sectors, according to researchers at VesselsValue. Its experts ran the numbers to find the ships, within the five-year-old band, which can be bought at the greatest discount to their average historical price tags. Moundreas makes first tanker order since 2007 for suezmax Diamantis Diamantidis stri
  • CSDC ditches $253m Bohai Bank investment plan
    A unit of Cosco Shipping Development Co (CSDC) has dumped a plan to increase its stake in China Bohai Bank in a CNY 1.76bn ($253m) deal. It said it would waive its right to subscribe for additional shares placed by the lender. In a statement to the Shanghai Stock Exchange, it added that the move was being made in consideration of capital layout and capital allocation efficiency. Shareholders ha
  • South African court orders sale of OSV
    The South African high court in Cape Town has ordered the sale of an OSV. The 381-gt support ship Taraska (built 2000) will be offloaded to pay claims in a case brought by Standard Bank of South Africa. The vessel is owned by Erongo Fishing of South Africa. Proceeds will be held in a fund to pay creditors. The vessel has been independently valued for the court at between ZAR 15m ($1.08m) and
  • Tanker utilisation stable at James Fisher
    Good progress being made in year to date, UK owner says.
  • Bumi confirms VLCC sale; seeks $500m refinancing
    Malaysian FPSO and OSV owner Bumi Armada has revealed a third quarter loss after impairments to its fleet and a VLCC sale. The company said the net deficit to 30 September was MYR 513m ($122m), against a profit of MYR 124m in the same period of 2017. Revenue was down at MYR 588m from MYR 641m. It booked an MYR 41.4m impairment from the sale for scrap of the 310,000-dwt VLCC Armada Ulysses (buil
  • Uljanik Plovidba fixes up more refinancing
    Croatian tanker and bulker owner Uljanik Plovidba has arranged more refinancing to lower its costs. It said it had signed a contract with an overseas company that replaces part of an existing loan. Uljanik Plovidba wins debt discount on MRs Remaining funds needed to refinance the facility will be secured from alternative sources by the end of the year, significantly reducing its debt exposure,
  • Tufton Oceanic Assets snaps up ship number eight
    Investment continues busy first year for London-listed company.
  • VIDEO: cargoship grounds on Ukrainian beach
    A cargoship has run aground on a Ukrainian beach. Watch the video here Footage showed the 3,100-dwt Orel-3 (built 1990) stuck on sand a few metres from shore at Zaporozhye. It got stuck on Thursday morning en route from Kherson. The cause is not yet known. The vessel is operated by Ukrrichfot of Ukraine.
  • Korea to order 140 LNG-fuelled ships to boost yards
    The Korean government and private companies are planning to order 140 ships powered by LNG to support small and medium-sized domestic yards. The scheme is part of a series of measures to help shipbuilders struggling for new contracts, the Yonhap news agency reported. Korea launches $360m smart shipyard plan The vessels will be ordered by 2025, including two next year. The deals will create a m
  • Nordic American Tankers sells oldest suezmaxes
    Herbjorn Hansson-led crude tanker specialist has now sold 10 ships in the year-to-date.
  • Hafnia Tankers sees third quarter loss more than double
    Danish product tanker specialist sees more red ink, but says rates have recently improved.
  • NYMEX and ICE to list marine fuel futures contracts
    Derivative instruments come 12 months ahead of introduction of new IMO sulfur limits.
  • Baota's 60-tanker project fails to materialise amid financial woes
    Chinese private refiner could not pass the credit checking for its bareboat charter project for 50-60 tankers, and its chairman Sun Hengchao is facing at least one criminal charge.

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The Bunker Bulletinweb site
NOVEMBER 23, 2018
  • External: Global Risk Management
  • Iranian LPG loadings almost grind to a halt in Nov after new US sanctions: sources
    The initial shipping program showed only one vessel slated to lift a cargo.
  • Taiwan's Evergreen Marine seeks term HSFO from 2020
    The basis is Mean of Platts Singapore high sulfur fuel oil assessments.
  • Norway's Equinor, Global Petro Storage to build LPG storage in Malaysia
    Under the deal, GPS will build a new facility that is due to start operations around mid-2021.
  • TRADER NOTE: Bunker trader Shinya Higaki moves to Japan Gas Energy
    Shinya Higaki said that he has moved within the organization to Japan Gas Energy from Itochu Enex, after seven years in the industry.
  • CORRECTION: ICE to launch 0.5% futures contract in preparation for IMO 2020 global marine sulfur cap
    ICE plans to launch a range of new marine fuel oil futures contracts providing customers with a range of hedging tools to assist with the transition to the new IMO rules in 2020




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