|NOVEMBER 28, 2018|
- Hong Kong and S'pore port operators sign on to blockchain systems
- CEVA to buy CMA CGM Log, but Sartini likely to run reformed entity
- Trump, doubts getting deal, issues new tariff threat ahead of G20
- Playing the underdog, China asks WTO protection from overdog US
- Ship costs up 1.1pc in '18 after rising 0.7 in '17 after 2 years of decline
- NYK develops US-dollar pegged digital currency for crew members
- Washington injects US$41 million into Charleston Harbour dredging
- Maersk slightly gloomy about 2019 - glad it's underweight in transpacific
- North P&I Club to keep mutual, fixed premiums due to tough market
- UK's Teesport October box volume hits all-time high of 54,400 TEU
- US-China trade row may fester until 2020 presidential elections
- Kerry wins 4 accolades at Supply Chain Asia Awards in Singapore
- Indian Civil Aviation Minister Prabhu orders safety audit of all airlines
- Airbus names CFO, COO to replace departing execs amid fraud probes
- RAF A400M Atlas transport breaks record, airdrops 23 tonnes of cargo
- Volga-Dnepr airlifts 64 tonnes of aerospace equipment from US-UK
|NOVEMBER 27, 2018|
- Ice-breaking LNG carrier completes first ship-to-ship transfer operation in Norway
- IMO supporting entry of more women into the maritime industry
- MSC optimising Asia-South America East Coast network through new VSA
- PIL upgrades PMX service
- Commerce Ministry extends anti-dumping duty on chemical for 5 years
- COSCO-PSA Terminal in Singapore to add two new berths
- DPT fire brigade handles chemical leak
- India endorses growth of Blue Economy in a sustainable, inclusive & people-centric manner: Nitin Gadkari
- JNPT observes 69th Constitution Day
- A push for digitisation
- Dachser focuses on lithium-ion technology
- New Integrated Logistics and Air Cargo Policy soon: Suresh Prabhu
- Tanzania to launch direct flight connectivity with India in Dec.
- Transporters have benefited from Ministry's initiatives: Mandaviya
- India & China ink protocol amending DTAA
- Blockchain's potential to revolutionise international trade analysed
- Exim Club holds awards gala as part of 25th anniversary celebration
|NOVEMBER 28, 2018|
- A (logistic) step towards the Middle East
- Pall-Ex invests in freight visibility software
- Award for Port of Antwerp's CIO
- Truck covers 7,000 km in record time
- TGP conveys Christmas deliveries to Antarctica
- Sequential loading speeds up heavylift load to China
- Saloodo expands to Netherlands
- Delivery of world's first A330neo
- More funds for port of Corpus Christi
- New air & sea manager at Eurogate Logisztikai
- Freight network adds Hungary to network
- Seifert tackling logistics for Daimler in Poland
- Eroad's Lee to serve on IRP
- New train takes to the rails in Russia
- Three more triple seven freighters for Turkish Cargo
- JV established by Almajdouie and Gefco
- OOCL on West Africa, Asia and Middle East services
- "Curiosity of the Day"
|NOVEMBER 27, 2018|
- Forwarders and airlines eye tougher capacity negotiations for 2019
- Supply chain radar: Ceva + CMA CGM Log raises more questions than answers
- Two-year probe clears port of Antwerp of breaking EU state aid rules
- Cainiao expands as e-commerce fulfillment drives cargo growth in Asia
- Containership scrapping gathers pace ahead of IMO 2020
- Hong Kong operator joins TradeLens as a blockchain rival raises its head
- CMA CGM: will buying into Ceva bring the company a chance to shine?
- Hamburg container terminals losing ground to port rivals
- Trump suggests 10% tariffs may be placed on iPhones, laptops
- Supply chain radar: CMA CGM beats APMM and Hapag but the gap is closing
- Supply chain radar: Neovia Logistics - one for XPO or a tertiary buyout candidate?
|NOVEMBER 27, 2018|
- Guilty pleas mean $4 million fine for pollution, up to 5 years for lying
- Metal Shark unveils new designs, new technology at Workboat Show
- VIDEO: Bourbon installs first Kincardine floating wind turbine
- French court slams U.S. master, Carnival with EUR 100,000 sulfur fine
- Unfazed by WTO filings, Korea unveils new shipyard support package
- GTMaritime partners with Chinese broadband satcom leader
|NOVEMBER 27, 2018|
- Sharp drop in Russian wheat exports during November
Farmers and exporters have also been in a rush to get Russian wheat out of the country ahead of a...
- Hong Kong: a maritime leader at the centre of a world-class network
Whether assessed objectively or subjectively, Hong Kong stands in the top tier of maritime centres and makes a massive contribution to...
- Norden buys two medium range tankers
Following the acquisition, Norden will have 44 MRs and 12 handysize tankers, 24 of which are owned. It also has...
- Capes rebound as market fears abate
But Chinese restrictions on coal imports over the winter months may present downside risks
- Safe Bulkers agrees to buy post-panamax newbuild
Safe Bulkers has the option to periodically issue common stock to the seller for up to half the purchase price...
- Hutchison terminal hosts milestone vessel call
The fully automated terminal's close proximity to Japanese car-manufacturing plants places it at a huge geographical advantage
- MISC seals charter deal with Eni unit
Deal brings MISC's total fleet to 30 vessels and helps expand its portfolio
- Trump threatens to raise existing tariffs on China
US president undermines hopes of a ceasefire with Beijing, declaring it is 'highly unlikely' that he would accept an offer...
- Flex LNG turns corner and sees improved outlook
LNG carrier owner's revenues more than double in third quarter and company expects an 84% spike in the fourth quarter
- Daily Briefing
Russia reopens Kerch Strait to shipping after vessels seized | Chinese leasing orders seen as drag on dry bulker prospects...
- First Ship Lease Trust raising $31m in rights issue to renew fleet
Liquidity injection will also improve trading liquidity and market capitalization
- Yamal LNG starts ship-to-ship transfer for cargo to Europe
MOL says the STS operation cuts down the travelling time of its LNG carrier Vladimir Rusanov by about a week
- BIMCO: Laggards could pay more for ballast water systems
Few industry players have installed a system so far, said BIMCO, and a last-minute rush could lead to bottlenecks and...
- Nordic American Offshore, Horizon Maritime merger called off
Final agreement was supposed to have been signed after due diligence was completed
|NOVEMBER 27, 2018|
- Philadelphia to be 14,000-TEU ship ready by April
- India said to be investigating 'back-to-town' fees at JNPT
- Maersk's SeaLand goes global via restructuring
- Analysis: USPS still great value despite rate increase
- Low water dampening Germany's holiday shipment rally
- Canada's Manitoulin Global Forwarding expands in US
|NOVEMBER 27, 2018|
- Matson moves ship in $106m sale and lease back deal
Matson has flipped one of its ships in a sale and lease back deal, believing it will provide the company more flexibility in its fleet renewal program. The Hawaiian boxship owner sold the 34,026-dwt Maunalei (built 2006) for $106m to an unnamed buyer, according to a Tuesday afternoon filing with the Securities and Exchange Commission. Matson sues feds in latest Guam fight volley Matson to put s
- Pangaea extends key bauxite contract
Ed Coll-led niche operator will haul cargoes from Noranda's Jamaica mine through year 2031 under new pricing agreement.
- Court comes down on Greek companies after oil discharge
Two Greek shipping companies will pay a multi-million dollar fine and two crew members face possible prison time after discharging oil into two Texas ports, then lying to the US Coast Guard about it. Lawyers seek WeChat data after bulker and tank barge collide Texas collision leads to oil spill Avin tanker grounds off Greek island Vardinoyiannis Group company Avin International, shipowner Nico
- Tanker stocks rally amid higher rates
Shares are also benefiting from seasonality, analysts say.
- Matson sues feds in latest Guam fight volley
The axe fight between Matson and APL is headed to the courts. In a suit filed in Washington, DC federal court Tuesday, the Hawaiian containership owner alleges the US Department of Transportation and the Maritime Administration are unlawfully providing subsidies to the CMA CGM subsidiary, helping to crater Matson's Guam service. Matson loses MSP vessel case against MarAd Matson raises expectati
- MISC buys ENI's last two LNG carriers
Malaysian owner fixes back duo to Italian group after acquisition.
- Seacor's Fabrikant sells $385,000 of shares
Seacor Marine Holdings chairman Charles Fabrikant has offloaded stock in the company worth $385,026. According to an SEC filing, he disposed of 20,000 shares at an average price of $19. This cut his stake 4.1% to 462,659 shares. But this does not include 585,720 shares owned indirectly.
- Thousands of seafarers needed to crew wave of new cruiseships
Managers face massive task sourcing and training crew as orderbook continues to grow
- Viken buy takes it into handysize tanker sector
Viken Shipping has expanded its fleet with the purchase of three handysize tankers as it moves into the segment for the first time. Hans Olav Lindal, chairman of the Bergen-based shipowner, confirmed that the company has purchased the 37,000-dwt Yukon Star, Orinoco Star (both built 2009) and Zambezi Star (built 2010) from German limited partnership (KG) companies managed by Rigel Schiffahrts. H
- Norden confirms Diamond S MR tanker swoop
Danish owner had been linked to two US-owned ships last week.
- VIDEO: Greek kamsarmax demolishes pier
Fafalios Shipping vessel allided with Vitco facility in Argentina.
- US Coast Guard evacuates crew members from cruiseship
The US Coast Guard evacuated two crew members from a Norwegian Cruise Line ship late Monday afternoon after they suffered second-degree burns. The crew members, two Filipino men aged 25 and 26, sustained their injuries in the engineroom of the 164,600-grt Norwegian Escape (built 2015) as it sailed roughly 25 miles off the coast of North Carolina. The Coast Guard did not have details on how the m
- Donsotank working on Chinese tanker order
Swedish owner lining up fleet renewal at Wuhu Shipyard.
- Gleamray bulker refloated off Australia
Tugs free Maria G.O. after incident near Gladstone.
- Master receives suspended sentence after reef grounding
Sinbanali Shipping to pay $227,000 after June incident in French Polynesia.
- Safe Bulkers snaps up post-panamax resale
New York-listed owner expanding fleet after concluding refinancing.
- Cracking recruitment conundrum must be top priority for shipping
Crew shortages loom as roles and vessels become ever more sophisticated
- Seadrill's post-Chapter 11 loss comes in at $245m
But restructured Fredriksen drillship company says liquidity has improved ahead of sector recovery.
- Flex LNG to reap rewards of spot strategy
Norwegian owner says record markets to remain tight into 2019.
- Ocean Network Express reports improving utilisation levels
Japanese liner giant has seen vastly improved numbers on both eastbound and westbound trades.
- Palmali's Russian tanker unit declared bankrupt
Fleet sale possible as Sberbank and others seek to recover $210m in debt.
- Icon Offshore sees losses deteriorate in third quarter
Malaysian OSV company hurt by lower utilization as vessels come off charters.
- Guinea looks to ease bauxite export bottlenecks
Winning Shipping-backed venture among those aiming to improve shipments of commodity.
- Greek bulker arrest puts focus on broker valuations for banks
Greek owner struggles to reverse ship arrest over a loan-to-value covenant breach that highlights aggressive enforcement after RBS loan book disposals
- Singapore to auction panamax bulker
Piraeus Bank is unlikely to recover anything close to the $81.4m it claims it is owed by shipowning entities linked to the Eleftherios Mylonopoulos-led Athenian Shipmanagement as the first of its two remaining bulkers goes under the hammer.
- First Ship Lease Trust plans fund raiser to buy new ships
Singapore-listed tanker and containership owner aims to raise $31.3m from preferential offering.
|NOVEMBER 27, 2018|
- Transpacific ocean pricing 'more than double' a year ago
Freight rates have remained high late in the year as shippers rush cargo to the U.S. before higher tariffs kick in.
- USTR gathers input for potential U.S.-Japan trade talks
The Office of the U.S. Trade Representative has received more than 100 stakeholder submissions to inform its approach toward bilateral discussions.
- Maritime History Notes: Courier's cargo of truth
The seagoing radio broadcasting station with ultra-high-powered transmitting equipment prevented the Soviet Union from jamming Voice of America broadcasts.
- Proposed rule would modernize alcohol labeling regs
The Alcohol and Tobacco Tax and Trade Bureau released a 132-page proposed rule on Monday that would affect several aspects of U.S. alcohol trade with foreign countries.
- J.B. Hunt providing freight visibility with project44
- Resilience360 nets $21 million from Columbia Capital
- Trucking company owner gets prison in hazmat case
- Honor Worldwide Logistics now part of Janel Group
|NOVEMBER 27, 2018|
- Angola's Sonangol lowers price indications for Jan loadings: sources
Angolan state-owned oil company Sonangol has lowered its price indications on key Angolan crude grades by approximately 20 cents, traders said.
- ULSD Med/North spread hits three-year low on healthier Med supply, tight NWE
Mediterranean diesel cargoes softened to their lowest point relative to the Northwest European market in over three years as the ultra-low sulfur diesel market remained tight in the north, while availability of ULSD has already improved in the Mediterranean due to a resumption of normal exports form the Black Sea and upcoming arrivals of larger US volumes.
- Gasoline, gasoil flows to West Africa at 1.2 million mt so far in November: cFlow
Refined oil product arrivals into West Africa in November so far amount to 1.2 million mt, with 1.1 million mt thought to be gasoline, 37,000 mt jet fuel and 60,000 mt gasoil, S&P Global Platts trade flow software cFlow showed Tuesday.
- Oil settles lower amid oversupply concerns
Bears gained the upper hand in afternoon trading Tuesday as concerns of oversupply crept back into the market, pushing oil off early highs to settle lower.
- Japan won't load Iranian oil after April without waiver extension: PAJ chief
Japanese refiners will not be able to load Iranian oil cargoes beyond April without securing an extension on the US sanctions waiver beyond 180 days, Takashi Tsukioka, president of the Petroleum Association of Japan, said.
- European fuel oil cargoes reach Singapore but spreads remain firm
October European fuel oil departures to Asia finally arrived in Singapore and Zhoushan, China, over the last few days and should help improve availability in the short term in the region, but the spreads remained firm, traders said.
- P&I claim payout for Iran oil shipping may fall below $100 mil from $8.2 bil
Claim payouts to shipowners using the protection and indemnity insurance cover for their Iranian oil shipping may get restricted to liabilities of up to $100 million per tanker because of the US reimposed sanctions, compared with the maximum $8.2 billion earlier, P&I club sources told S&P Global Platts Tuesday.
- Bunkering operations at Novorossiisk suspended on bad weather
Bunkering operations and loadings of crude oil at the Russian Black Sea port of Novorossiisk have been suspended because of stormy weather, a port spokesman said Tuesday.
- India's BPCL may continue HSFO, LDO spot exports in Jan on shut hydrocracker
India's Bharat Petroleum Corporation Limited is likely to continue to export high sulfur fuel oil and light diesel oil in January, till its fire-hit hydrocracker comes back online, a company official said Tuesday.
- TRADER NOTE: Brightoil's global bunker director Ronnie Ho leaves