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24 May 2019 The on-line newspaper devoted to the world of transports 19:58 GMT+2

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Sched Netweb site
MAY 28, 2018
  • Asia-Europe rate up 4pc to US$825/TEU, dips 1.9pc to USWC
  • Canadian Pacific Railway strike appears imminent
  • China trade deal is 'too hard', says US President Trump
  • Maersk boxed cars collapse at APMT Buenos Aires
  • DP World upgrades terminal operating system at Jeddah port
  • HKSOA supports measures to attract more service providers
  • US scrap industry struggles in wake of China ban
  • Vessel performance optimisation comes to London June 20
  • Cummins uses Agility warehouse park in Ghana as hub
  • Officials watch Hyperloop in action before upgrades
  • Ukraine International signs ECS as GSSA as it flies to India
  • IAG Cargo to start London-Durban service from October 29

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Exim Indiaweb site
MAY 25, 2018
  • Asian shipowners call for proactively working together to promote sustainable international shipping
  • CMA CGM Group announces implementation of emergency bunker recovery measures
  • MOL woman officer shares attractions of seafaring career with female students
  • Shreyas Shipping going full steam ahead
  • Cotton exports seen jumping 30 pc
  • Kerala proposes number of crop export clusters
  • HAROPA re-elected Best Seaport in Europe in 2018
  • Imports at major US retail container ports expected to grow steadily
  • Krishnapatnam Port to offer import of scrap
  • Mansukh Mandaviya lauds JNPT for its exemplary work & progress
  • Ocean Network Express' maiden vessel calls at APM Terminals Mumbai
  • Strike at Major Ports deferred
  • New freight train service from China to Iran reduces shipping time by half
  • e-Way Bill system for intra-state movement of goods now effective in Maharashtra & some other regions
  • DCCAA hosts FWC 2018 road show in Delhi
  • New President plots course for The Nautical Institute

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International Transport Journalweb site
MAY 28, 2018
  • First major contract from France
  • New crane for Shannon Foynes
  • Allison Transmission recruits Fred Bohley
  • First implementation of Champ's new quality solution
  • Network expanding in Poland
  • Tigers about in California
  • Bush assumes new position at Crowley
  • New bridge ushering in new railfreight era
  • Mabkargo big and temperature-sensitive
  • Difficult Q1 for ZIM
  • BLG tables 2017 figures
  • Röhlig looks back on successful financial year
  • UIRR elects new board of directors
  • Fleet renewal to serve higher annual crop yields
  • Air charter broker ever bigger in China
  • The new choice: France, a partner for your trade...

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IHS Maritimeweb site
MAY 25, 2018
  • Sulphur cap effects extend beyond fuel costs
  • Ship demolitions rise as Pakistan returns to the market
  • Brittany Ferries bets on UK-Spain trade growth post-Brexit
  • Reederei Nord and Döhle launch Handysize pool
  • ONE's Nixon calls for single blockchain solution
  • Hanjin Heavy Industries & Construction sells off catering unit
  • PCTC owner Singapore Shipping Corporation net profit up 22%

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The Loadstarweb site
MAY 25, 2018
  • Shippers and forwarders fear repeat of last year's air freight capacity crisis
  • No free pass for shippers as box lines forced to implement new bunker surcharges
  • Container shipping freight rates begin recovery on Asia-Europe ahead of June increases
  • Market insight: transport and logistics stock prices shrug off mixed margins
  • Brazil close to paralysis as truckers' strike stops fuel deliveries
  • China's $7.5bn Myanmar port 'crazy,' Suu Kyi adviser says
  • UK government says cost of new Heathrow runway must be kept down

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Marine Logweb site
MAY 25, 2018
  • Odfjell drilling inks six-well contract for Deepsea Atlantic
  • IMO agrees on autonomous surface ship definition
  • IMO targets can only be met by global rollout of zero CO2 fuels
  • Consent decrees agreed in Hawaii fishing vessel pollution case

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Lloyd's Listweb site
MAY 25, 2018
  • CMA CGM suffers on higher bunker costs
    French carrier suffers from rising bunker costs even as transported volume remains high
  • Concordia Maritime expands suezmax fleet
    Three ships built in 2012-2014 will be deployed in the Stena-Sonangol pool for spot trading
  • Rusal-induced supply chain shake-up put on hold
    Russian aluminium giant is resuming bauxite, alumina and aluminium shipments, having taken steps to rid of Oleg Deripaska's influence
  • Maritime sector decries lack of business analyst and computer skills
    Shore staff turnover can hit 40% a year, chief executives note
  • Greek shipping faces 'disproportionate' environmental pressure, owners say
    Greece should take advantage of developments in Europe in order to attract a big part of maritime and ancillary activities...
  • The Lloyd's List Podcast: The week ahead
    Listen to the latest edition of Lloyd's List's new weekly podcast - your weekly briefing on the stories shaping shipping...
  • AET orders four new shuttle tankers for Petrobras contract
    Singapore-based AET Tankers orders four more DP2 shuttle tankers as it wins long-term contract from Petrobras
  • IMO sets out framework for autonomous shipping study
    Invites input from member states and international organisations on how trials of autonomous shipping will be held
  • International Seaways raises $25m in baby bonds
    Notes will pay 8.5% interest and they will be listed on the New York Stock Exchange
  • Short-term prospects for capes dim on strikes
    Average weighted time charter earnings on the Baltic Exchange have fallen from $20,801 per day on May 14 to $11,177...
  • Carriers turn to bunker surcharges to prop up rates as costs rise
    Container carriers blame rising fuel costs and subsequent low freight rates on significant first-quarter losses
  • Changing Lanes: The emerging picture on the Asia-South America trade lane
    Mergers and acquisitions have required reshuffles to meet regulatory requirements
  • Shipping's carbon targets can only be met with zero-carbon fuels
    Liquefied natural gas and biofuels are only a short-term answer to reduction targets
  • Will China's leasing majors embrace 'tier-II owner' Scorpio Tankers?
    Scorpio Tankers may be a second tier shipowner, but the main Chinese leasing financiers appear to like it
  • Ultra-low sulphur fuel goes on sale in Amsterdam, Rotterdam and Antwerp
    Marine fuel supplier Bomin Group has put ultra-low sulphur fuel oil on sale around Amsterdam, Rotterdam and Antwerp
  • Shipowners back call to boost Hong Kong's maritime financing and leasing sector
    Hong Kong came in seventh in the Menon Economics ranking of leading global maritime capitals last year, compared with Shanghai, which...
  • Trump cancels summit meeting with Kim
    Noting that the summit cancellation comes barely a fortnight after he withdrew from the Iran nuclear deal, BMI Research said...
  • Moderate long-term growth in sight for Chinese seaborne iron ore
    Steel production to grow at a slower pace of 1%-1.5% during the coming years, JP Morgan says

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The Journal of Commerceweb site
MAY 25, 2018
  • Uber Freight expands reach to small US truck fleets
    The inclusion of carriers with up to 10 trucks in Uber's capacity pool will help build density and increase the value of its app-based service to shippers.
  • CMA CGM joins 2M carriers with bunker surcharge as fuel prices soar
    Rodolphe Saadé, group CEO of CMA CGM, announced the surcharge along with first quarter results, which saw revenue surge. Despite that increase in demand, fuel costs resulted in a $77 million net loss for the quarter.
  • DHL expects tech-based logistics service to cut truck transit times
    DHL has launched "DHL SmarTrucking" in India, which the company claims will substantially increase the emerging market economy's over-the-road supply chain efficiency.
  • HMM and Evergreen end three trans-Atlantic services
    However, freight forwarders and shippers said they did not expect the disappearance of two carrier's trans-Atlantic services to have much impact on capacity on the United States-Northern Europe route.
  • 2M Alliance hits market with bunker surcharges as fuel prices climb
    Maersk Line and Mediterranean Shipping Co. were the top two carriers on the US import trade in 2017.
  • Carriers' second quarter profitability hangs on June rate rises
    The first magenta containership in Ocean Network Express' fleet, the 8,560 TEU ONE Commitment, calls at Yantian International Container Terminals on May 24 as part of THE Alliance's PN2 service. PN2 provides an eastbound service from Southeast Asia, South China, and Taiwan to the Pacific Northwest, and a premium westbound...
  • US shippers hitting capacity barriers on rail, road
    Rising intermodal spot rates and tight capacity on the rails are making it difficult for latecomers seeking to shift freight off the highway.

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TradeWindsweb site
MAY 25, 2018
  • Bunkers push CMA CGM to first quarter loss
    Third largest boxship operator implements at least 7% increase in container rates for 'emergency' bunker recovery.
  • Clarksons values Greek fleet at $105bn
    An $80bn plus investment in newbuildings coupled with huge S&P activity has seen near doubling of nation's fleet since financial crisis, says Steve Gordon.
  • ICS: fossil fuels go way of dinosaurs by 2050
    'Radical' and 'unproven' technologies will need to be used to meet a zero carbon future for vessels
  • US maritime backs gas, oil export bill
    Legislation is designed to spur US shipbuilding capacity.
  • Russia, US get IMO blessing on Bering Strait
    Shipping route expected to get more crowded due to increases in energy and mining activities in the Arctic.
  • Hudson Shipping demurrage claim settled
    Hudson Shipping Line lawyer says case against Phoenix Global has been 'amicably resolved".
  • Stena makes its first order for LNG ropax
    Swedish ropax and ferry owner and operator places its bet for low-carbon ship fueling for future.
  • Lady Aziza master jailed over fatal clash
    Syrian captain gets two years and 10 months for 2014 collision in Italy.
  • LNG can sidestep Panama Canal booking system
    One energy major has been successful with a phone ahead for a slot strategy
  • Diana Containerships vessel extended at higher rate
    US-listed boxship owner sees post-panamax contract with Orient Overseas Container Line renewed.
  • Costa Cruises continues to grow fleet
    Carnival brand expects to add four new ships by 2021, increasing capacity by 43%.
  • Spanish shipowners weigh up 2020 choices
    Association chief says LNG is only fuel of choice at present to meet incoming regulations
  • HMM halts Iranian boxship bookings
    Korean owner stops services to and from Gulf country following US sanctions.
  • Sovcomflot inks Rosneft newbuilding supervision pact
    Deal signed at St. Petersburg International Economic Forum.
  • Concordia Maritime adds to suezmax market presence
    Kim Ullman says joint charter of trio comes after adding six product tankers.
  • AET inks shuttle tanker quartet for long-term Petrobras charters
    Malaysian owner nets 15-year charter deals to back DP2 shuttle vessel newbuildings.
  • SolstadFarstad offloads laid-up AHTS duo
    Norwegian owner finds buyer for ships stacked for more than a year.
  • VIDEO: tanker burns off Indonesia
    Crew evacuated as wall of flame travels downriver.
  • Cochin Shipyard doubles earnings
    Listed Indian shipbuilder boosted by revenue growth in fourth quarter.
  • Danske sees deeper red for Frontline in 2018 after rate revision
    John Fredriksen-backed owner will return to the black in 2019 despite reduced forecasts, bank says.
  • Shreyas slams Indian cabotage change
    Domestic owner says dropping of restrictions could cause Indian flag exodus.
  • M Sea Capital lining up product tanker trio
    Shipowner set to expand product tanker presence with $30m plus purchase.
  • Maersk blockchain insurance platform goes live
    Partners including EY and Microsoft claim world first in marine hull sector.
  • Brodosplit wins $11m state cruiseship guarantee
    Croatian yard backed by government as it builds Polaris vessel.
  • Rusal restarts aluminium shipments
    US extends deadline for customers to wind down Russian contracts.
  • Singapore blocks Wilhelmsen's Drew deal
    Antitrust commission views $400m takeover as "substantially" lessening competition.
  • Maersk latest to add emergency bunker surcharge
    Shipowner says it is no longer possible to recover costs through standard adjustment factors.
  • Losses grow 25% at Malaysia's Icon Offshore
    But vessel operating company enjoys higher utilisation levels compared to a year ago.
  • GAIL turns to spot and short-term LNG deals
    Indian gas buyer joins growing industry trend of moving away from long-term deals.
  • India moves to relax cabotage legislation
    Maersk welcomes decision, saying it will bring greater competition to the feeder market.

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American Shipperweb site
MAY 25, 2018
  • U.S., China reportedly reach deal to get ZTE back in business
    The Trump administration told congressional lawmakers that the U.S. government reached a deal with China to put Chinese telecommunications ...
  • HMM, Evergreen withdraw transatlantic services
    Two container carriers, Hyundai Merchant Marine (HMM) and Evergreen, have announced that they are ending services in the transatlantic. ...
  • C.R. England rolling out driver pay hike
    C.R. England has announced the largest driver pay increase in the Salt Lake City-based company's 98-year history. The pay hike for drivers...
  • Unions shut down CP's 'final' contract offers
    Canadian Pacific Railway Ltd. (CP) said its "final" contract offers to the Teamsters Canada Rail Conference - Train & Engine (TCRC) and...
  • Maersk announces emergency bunker surcharge
    In the wake of rising fuel costs, Maersk Line has announced an emergency bunker surcharge (EBS) of $60 on 20-foot containers and $120 on 40...
  • U.S. escalates dispute over wine sales in Canada
    The United States has requested the World Trade Organization (WTO) establish a dispute settlement panel to examine whether British Columbia...
  • CN locomotive engineers ratify collective agreement
    Canadian National (CN) revealed Wednesday that its 1,800 locomotive engineers in Canada have ratified a new collective agreement....
  • Colombia gets help modernizing trade practices
    Colombia's National Directorate of Taxes and Customs (DIAN) on Wednesday signed a memorandum of understanding with the Global Alliance for ...
  • Sanctions target drug traffickers south of border
    A Treasury Department official involved in developing sanctions shared some data with the House Foreign Affairs Western Hemisphere Subcommi...

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The Bunker Bulletinweb site
MAY 25, 2018
  • Crude settles sharply lower amid talk of output return
    The oil complex carried overnight declines into the US trading day Friday, after Saudi and Russian energy ministers signaled interest in boosting crude supplies by the end of this year
  • Fuel oil Med-north at 7-month high on local demand, exports to Saudi Arabia
    The Northwest European to Mediterranean fuel oil arbitrage is close to being favorable as the pressure on the Mediterranean market to find on-spec RMG 380 CST bunker fuel intensifies
  • US asphalt demand grows as federal funding increases
    As federal funding for transportation infrastructure increases this year, US asphalt demand is expected to follow
  • China's SHFE likely to launch tax-free 380 CST fuel oil contract in June
    China's Shanghai Futures Exchange is set to launch a bonded 380 CST bunker fuel oil contract in June that will replace the existing 180 CST contract which is for domestic delivery
  • UPDATE: Bunker supplier Aegean cuts clients' credit terms: sources
    Aegean has limited payment terms for its marine fuel customers to as little as 14 days after delivery, according to three buyers.
  • ASIA SPOTLIGHT: Spot sour crude cargoes clear quickly on multi-year strength
    Buying interest and seasonality were evident in the Dubai crude market structure as well.
  • Trump cancels Singapore summit with North Korea
    Trump notified Kim in a letter released by the White House.
  • TRADER NOTE: BW Group's bunker purchaser Sean Warr leaves
    Warr was with BW Group for two years and nine months.

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