|NOVEMBER 27, 2018|
- Russia seizes three Ukrainian gunboats in Black Sea after firing on them
- BIMCO: 2018 trade grows, but slows - 2019 looks good but for trade war
- China lowers e-commerce import taxes to boost mainland consumption
- Europe gripped in fuel drought, Paris riots over CO2 taxes, soaring prices
- US heats up rhetoric targeting Chinese IP 'theft' ahead of G20 meet
- Kerry Logistics starts road and rail freight service from Lanzhou to Pakistan
- Hamburg container volumes down 1.3pc in first 9 months to 4.1 million TEU
- US firms in China stall investment and mull relocation as trade war costs bite
- ATA Truck Tonnage Index rises 6.3pc in October,up 9.5pc on last year
- US to spend US$2.5 billion in disruptive logistics tech by 2022: Slangerup
- ICTSI wins fifth social corporate governance accolade
- Chicago Rockford posts 77pc cargo increase as Midwest e-commerce hub
- Boeing, Jeju Air announce order for up to 50 Boeing 737 MAX 8 aircraft
- Boeing counters criticism after fatal Lion Air 737 MAX crash off Jakarta
|NOVEMBER 26, 2018|
- APL now accepting imports to ICD Birgunj via Visakhapatnam gateway
- APL refines Asia-Gulf network
- Hapag-Lloyd outlines new mid-term Strategy 2023
- Hapag-Lloyd to retrofit 10 vessels with Exhaust Gas Cleaning Systems
- Milaha wins award for contributions to Qatari economy's resilience
- MOL celebrates presence in Thailand
- MOL to enhance initiatives on global warming
- OOCL introduces new West Africa Service 2
- Amendments in the Appendix 3B, Table 2 of the Merchandise Exports from India Scheme (MEIS)
- Town of Bhadohi in Uttar Pradesh has been notified as a Town of Export Excellence for carpets and other floor coverings
- DMICDC Logistics Data Bank services launched at V. O. Chidambaranar Port
- DP World's JNPT gateway terminal notches productivity high
- Globicon, the 'Green Cargo Terminal', conferred with coveted AEO status
- IW-1 to increase ex-im trade; Haldia poised to be transhipment port
- Port of Antwerp Alumni Association organising panel discussion on cold chain logistics in Mumbai on Dec. 4
- BEML bags order for Mumbai Metro Corridor
- West Bengal seen having potential to become logistics hub on the east coast
|NOVEMBER 27, 2018|
- Ceva Logistics with greater expectations for 2021
- Laurels for ACS in Asia
- American Airlines imports Italian chestnuts
- Iata's China region in new hands
- Financing two more vessels for Arctic traffic
- Nearly 66,000 km of track with PTC systems
- Cathay Pacific - golden October but fears external factors
- Port of Rouen with winds in its sails
- Railfreight operator introduces new tracking system
- GLS building in Graz
- Röhlig Logistics finalises company and board structures
- World-first trans-Tasman biosecurity project trial
- CMA CGM banks on logistics strategy
- Another rail link enhances Scotland connectivity
- Theworks.co.uk awards four year contract to iForce
- "Curiosity of the Day"
- Blocktrain from China to Europe
|NOVEMBER 26, 2018|
- Ceva to boost sea freight forwarding unit with acquisition of CMA CGM Log
- CMA CGM back in the black in Q3, but fuel costs force discounted rates
- CH Robinson targets Chinese import market as consumer spending rockets
- E-commerce logistics: how to make money from free shipping
- Unlicensed operators wreak havoc in Latin American forwarding sector
- Analysis: can Kuehne + Nagel really be eyeing a Panalpina takeover?
- Kenyan Airports Authority adopts Tiaca cargo service quality tool
- Supply chain radar: the CMA CGM /CEVA saga reaches a new level
- zAgainst the odds: CEVA, not Panalpina, the right mating partner for K+N
|NOVEMBER 26, 2018|
- First fine imposed for sulphur cap non-compliance
The prosecution of over-limit bunker fuels signals greater seriousness in enforcing pollution limits
- Improving dry bulk market helps Diana to profit
US-listed company says it does not think scrubbers are an attractive investment case
- BDO and Moore Stephens in 'advanced' merger talks
The combined firm will operate under BDO's brand and have $758m in gross annual revenues
- Chinese leasing orders seen as drag on dry bulker prospects
The next five to 10 years may see a big part of the sector for capesize or larger vessels dominated by...
- HSH Nordbank sale gets EU approval
Competition commissioner Margrethe Vestager believes the troubled bank can become a viable player after JC Flowers and Cerberus takeover
- Boskalis wins offshore contract with Saudi Aramco
The agreement will run for six years with options to extend for a further three plus three years
- CEVA buys CMA CGM's freight management unit
CMA CGM will sell logistics unit to CEVA as it seeks to boost its stake in the Switzerland-listed firm in...
- Russia reopens Kerch Strait to shipping after vessels seized
Russia border patrol authorities closed the passage and fired on three Ukrainian naval ships that they later seized
- Front loading props up transpacific rates
Transpacific rates could be offered another short-term boost if Trump gives the nod to impose import fees on the $257bn...
|NOVEMBER 26, 2018|
- Canada's Manitoulin Global Forwarding expands in US
- Trans Global preps equipment for Antarctic ecosystem
- Caribbean port expansions add to overcapacity
- JNPT eyes measures to speed direct port delivery cargo
- Sartini shifted from APL head to CEVA's deputy CEO
- Expanding Panalpina not interested in K+N takeover
|NOVEMBER 26, 2018|
- Diana Shipping: Scrubbers not 'attractive investment'
A shipowner must 'make various assumptions' to see exhaust gas scrubbers as a worthwhile risk, chief strategy officer Ioannis Zafirakis says.
- Talks focus on Panama Canal's future growth
Waterway's board of directors and advisory board will meet for three days in Netherlands.
- Globus Maritime gets $15m credit facility from affiliate
Globus Maritime has freed up even more cash. Globus Maritime is back in the black The Athanasios Fedaikis-led Greek dry bulk company announced Monday afternoon that it has secured a $15m revolving credit facility from affiliated company Firment Shipping. The potential for the line of credit was mentioned in Globus' third quarter earnings release. It comes as the company posted its first profit
- Seafarer dies in fall on Ponant cruiseship
Romanian engineer killed after slipping from ladder in Chile.
- KNOT Offshore's third quarter slightly down from last year
KNOT Offshore Partners posted $20.9m profit in the third quarter, down a tiny bit from the year prior. KNOT Offshore staying away from scrubbers The John Costain-led Scottish MLP said Monday its most recent quarterly profits fell $200,000 from the third quarter 2017. Three new ships, the 156,000-dwt Lena Knutsen (built 2015), the 152,000-dwt Anna Knutsen (built 2017) and the 153,684-dwt Brasil
- P&O master escapes jail but fined over fuel breach
US cruiseship captain convicted of burning unauthorised bunkers in France.
- Diana Shipping returns to black, crushes forecasts
Simeon Palios-led bulker owner sees higher revenue on improved charter market.
- Latsis linked to yet another aframax deal
Greek owner said to be purchasing K Line's Singapore River.
- Reederei Nord bullish on bulker market prospects
Managing director says Hamburg company also positive on outlook for tankers but more cautious about boxships
- BDO taking over Moore Stephens LLP
Shipping accountant Moore Stephens is being merged with rival BDO to create the UK's fifth-biggest accounting firm by revenue. BDO said discussions are at an advanced stage on a deal that would make a combined entity a leader in advising the UK's entrepreneurial mid-sized businesses. Completion is expected in spring next year. The merged operation would have revenue of £590m ($758m) and 5,000 s
- Nordic American Offshore's future unclear after merger with Horizon called off
The Herbjorn Hansson-led company will not combine with Canadian Horizon Maritime
- Scorpio Bulkers charters out ultramax
New York-listed Scorpio Bulkers has fixed out an ultramax for between five and seven months. The company said the 64,000-dwt SBI Libra (built 2017) will earn $15,250 per day. It did not name the charterer. In October, the company locked in seven ultramaxes on charters at around $16,000 per day that will largely cover the ships through the seasonally weak first quarter. The company posted a $35
- Arkoumanis family buys veteran Weidong ropax
Sino-Korean joint venture Weidong Ferry Co has sold its oldest vessel to a company closely connected the the Arkoumanis family of Greece. The deal for the 26,500-gt New Golden Bridge II (built 1990) appears to have been concluded earlier this month and the ship is now en route to Piraeus under its new shortened name of Golden Bridge. The IHS Ships Register indicates that the Japanese-built vesse
- EU clears $1.2bn sale of HSH Nordbank
Commission says privatisation was "open and competitive" and bank will be a viable market player again.
- Former Toisa LR2 emerges in fleet of Greece's Halkidon
Low-profile Greek shipowner Halkidon Shipping has emerged as the buyer of an LR2 tanker from the former fleet of collapsed owner Toisa. The Piraeus-based company bought the 112,000-dwt product tanker United Fortitude (built 2010), which has joined its fleet as the Elli. The tanker was purchased for $22m, according to data from VesselsValue. Glencore and Vitol bag LR2s in period deals Halkidon v
- Noble Group wins more time to restructure
Singapore trader and bulker owner Noble Group has been given more time to complete its $3.5bn restructuring. Courts in the UK and Bermuda have extended the deadline from 27 November to 11 December, it said. The company has been seeking to reorganise debt of $3.5bn, but other claims could push this to $4.2bn. Noble said the ad-hoc group of creditors remains supportive. Singapore probing Noble o
- Golden Ocean CEO Vartdal buys 10,000 shares
Golden Ocean CEO Birgitte Ringstad Vartdal has snapped up 10,000 shares in the Norwegian bulker company. The acquisition would have cost around $70,000 at the average price of NOK 60.12 ($7). The stock has since risen to NOK 60.95. After the transactions, Vartdal owns 21,300 shares. She holds options to buy 225,000.
- Resignations cut crew levels on PDVSA tankers
Country's fuel shortage worsens as seafarers leave national fleet.
- Sovcomflot completes first Yamal LNG STS
Pskov loaded 170,000 cbm brought by Arctic LNG carrier from Sabetta.
- Grieg Star sues DNV GL over rudder problems
Norwegian owner alleges quality issues with 14 open-hatch newbuildings from Hyundai Mipo.
- JM Ugland sinks to loss but buys UECC car carrier
The shipping activities of Norway's JB Ugland Group sank into a loss last year. But the Grimstad-based group is boosting its fleet with another car carrier from United European Car Carriers (UECC). Shipping subsidary JM Ugland & Co's pre-tax result sank to NOK 10m ($1.17m) last year from a NOK 25m in 2016, according to the company's annual report. The weaker result came partly from lower bareb
- Russia uses tanker to block Ukrainian ships
Russian has allegedly used a tanker to block access to the Sea of Azov for Ukrainian naval vessels. The incident flared up over the weekend in an escalation of tensions over the Russian-annexed Crimean peninsula. Russia fired on and seized three Ukrainian vessels - two gunships and a tug named as Yana Kapa, the BBC reported. Six Ukrainian crew members were injured, Ukraine said. The trouble be
- Subsea 7 stretches frame deal with Shell, Chevron
Norwegian OSV player adds three years to UK contract.
- VIDEO: seven missing after cargoship sinks
Search on for seafarers whose vessel went down in Bali Strait off Indonesia.
- KOTC confirms VLGCs at Hyundai Heavy
Kuwaiti owner spending $213m on three LPG vessels in Korea.
- Latsco Shipping books LNG carrier newbuildings at Hyundai
World's largest shipbuilder says latest order means it has attained 90% of annual target.
- Seaspan continues to de-leverage with latest prepaid credit facility
US-listed container leasing company frees up two 8,500-teu and four 4,250-teu vessels.
- Brightoil ships arrested as creditor claims mount
Hong Kong owner's Singapore arm has bunker tankers detained; faces two lawsuits and winding up order.
- Equinor targets increased LPG activity in Southeast Asia
Norwegian oil company aims to capture a larger share of regional market.
|NOVEMBER 26, 2018|
- CMA CGM and CEVA detail their tie-up
CMA CGM is selling its logistics division to CEVA as it seeks a majority stake in the company through a tender offer.
- NAFTA partners expected to sign USMCA on Friday
The U.S., Mexico and Canada likely will formally ink the updated pact during the G20 summit in Buenos Aires.
- Commerce develops Section 232 exclusion portal
- FMC reviews seven OTI license applications
- Hapag-Lloyd installing exhaust gas cleaning systems
- Port of Corpus Christi secures another $59 million
- IMO secretary-general tapped for second term
- Specially treated cargo begins journey to Antarctica
|NOVEMBER 26, 2018|
- Oil moves off 13-month lows on expected OPEC cuts
The oil complex held onto early gains to settle higher Monday as the market weighed the impact of a possible OPEC-led production cut on global supply.
- Markets weigh risks of Kerch Strait escalation
Tensions in the Kerch Strait shipping route escalated over the weekend after Russia seized three Ukrainian naval vessels in the Sea of Azov off Crimea.
- Russian-Ukraine incident in Kerch Strait unlikely to affect energy flows: analysts
Sunday's incident between Russian and Ukrainian naval forces in the Gulf of Kerch is not expected to affect energy export flows from the Black Sea region but has the potential to significantly worsen already strained relations between the two neighbors, according to analysts.
- Black Sea-Med Panamax freight at 16-week low amid lack of fresh cargo
Freight rates to carry a 60,000 mt grain cargo from Odessa, Ukraine to Alexandria, Egypt, on a Panamax-size vessel have dropped to a 16 week-low of $15.75/mt amid a lack of fresh cargoes.
- Cheniere ramps up feedgas deliveries to LNG export terminal in Texas
Cheniere Energy appears to be getting closer to having enough LNG produced at its export terminal near Corpus Christi, Texas, to ship a full cargo, the first from the site since startup November 14.
- Gibraltar bunkers see heavy congestion after weekend of rough weather
A build-up of ships is awaiting to bunker at Gibraltar as the supply complex for marine fuel at the port catches up after a weekend of bad weather, according to sources.
- Taiwan's CPC to resume the supply of 380 CST bunker fuel at Taichung from Dec 29
Taiwan's state-owned CPC Corporation will resume the supply of MF-380 bunker fuel at Taichung port from December 29, the company said Monday.
- Singapore Dec ex-wharf 380 CST bunker term concludes higher than Nov
Singapore ex-wharf 380 CST bunker term contracts for December were concluded at higher premiums than the November contracts, amid tighter supply expectations and steady bunker demand.
- External: Marine Bunkering(Rotterdam)B.V.
- External: Global Risk Management
- NWE fuel oil crack surges as strong demand outstrips waning supply
The view on early December already looks tight so buying Dec at minus $4/b when spot trades are at around minus $2.6/b is tempting
- VLSFO or 0.5% sulfur bunkers to be main marine fuel come 2020: FOBAS senior exec
"We are already doing testing for VLSFO," Das said.
- FUTURES: Crude retraces losses, but outlook remains bearish
"Another bout of weakness in the oil market looks likely this week as investors watch discussions between Saudi Arabia and Russia at the G20 summit," ANZ analysts said.