|NOVEMBER 29, 2018|
- China urges US to be positive while Trump bristles ahead of G20
- EU proposes to increase WTO judges to 7 and give 2 full time jobs
- China growth expected to slow to 6.3pc, says Renmin U study
- China debt poses greater threat than trade war: Forbes analysis
- CMA CGM named most accomplished Asia Pacific shipowner
- 5 big box lines setting up IT association without irking regulators
- Filipino seafarers call for probe into practices that jeopardise safety
- Slowing trade, politics threaten Latin America's box shipping sector
- Cargotec invests US$36.2 million in digital development in Finland
- Mombasa to serve as port for Mozambique coal shipments to Kenya
- Air cargo demand rises as Asian airlines' peak season ramps up
- Delhi airport sets annual cargo record - one million tonnes to October
- K+ N buys New York rush-job expert Quick International Courier
- Dnata increases investment in US operations, launches LAX service
|NOVEMBER 28, 2018|
- CEVA Logistics in strategic partnership with CMA CGM
- CMA CGM Group recognised as most accomplished Asia Pacific shipowner
- Ocean Network Express holds business briefing for institutional investors & media
- Vessel operating costs could be impacted by inflation, says report
- Dispute settlement body of WTO to set up panel to examine America's allegations against alleged export subsidy measures in India
- Engineering exports projected to touch new high
- Iron ore imports set to attain a high this fiscal
- Port of Antwerp to interact with seafood exporters to Europe in Kochi on Dec. 3
- A comprehensive deliberation on key issues sees wide stakeholder participation
|NOVEMBER 29, 2018|
- Switzerland: railfreight volume shrinks
- Port Botany to enhance rail capacity
- Hellmann banks on start-up airfreight platform
- Freetown terminal in Sierra Leone officially extended
- Intradco/Turkish Cargo fly lions from Ukraine to South...
- Three Atlas awards for Fevzi Gandur in 2018
- Russian flat cars for German rail operator
- Steinle switches to Interroll
- British project cargo specialist charters AN-124
- Quiet Logistics opens fulfilment centre
- Port Synergy: new straddle carriers lighten carbon footprint
- UAE rail network expanding
- Neoline and Renault developing sustainable wind project
- Swiss Post board now complete
- Satisfactory 9M/2018 for Circle
- Menzies Macau welcomes Qatar Cargo
- "Curiosity of the Day"
|NOVEMBER 28, 2018|
- China-Europe truck service gears up for January launch after successful pilot
- Supply chain radar: Vincent's Grand Plan for Damco is already 'faltering and spluttering'
- Strong dollar masking tariff impact as US consumers carry on spending
- Renault drives into the future, sending cars across the Atlantic on sailing ships
- As global spend on IT rockets, so will its disruptive impact on logistics, says report
- The elongated, take-make-dispose supply chain under threat
- Flexport's Ryan Petersen on tariffs, China and fuel surcharges
- Supply chain radar: MSC to take over Atlantic Forwarding as stress builds in the supply chain
|NOVEMBER 28, 2018|
- Baleària floats out second LNG fueled newbuild
- Rolls-Royce launches new line of waterjets at Workboat Show
- Schottel control upgrade gives 1998-built ASD tug new lease on life
- Ferry completes fully autonomous dock-to-dock trial
- Capital Products to merge tankers into Diamond S
- Hurtigruten expedition ship to get keel-to-mast makeover
- BV provides online verification for marine procurement marketplace
|NOVEMBER 28, 2018|
- Warning of ports chaos under no-deal Brexit
Transport department criticised for complacency, poor communications with business and "worryingly underdeveloped" Brexit plans that are yet to be tested
- CEVA completes first China-Europe road freight trip
Implementation of TIR in China set to boost One Belt, One Road initiative
- Maersk joins feeder frenzy
A source familiar with the deal told Lloyd's List that Maersk will pay $28m to $29m per vessel, which will...
- Career devoted to maritime industry recognised at SAMEA awards
Capt Jitendra Misra received the Outstanding Achievement Award at the Lloyd's List SAMEA celebration, with Topaz Energy and Marine, Bahri...
- Ships using Kerch Strait still face risks
Swedish Club P&I Ukraine correspondents do not expect problems for Russian and Ukrainian seafarers but warn of potentially prolonged detentions
- Bocomm Leasing searches for solid ground on shifting sands
Asset management will not be Bocomm Leasing's focus, but upcoming new accounting rules may force lessors to take greater ownership...
- Diamond S agrees $1.65bn merger with Capital Product Partners
The new company will control 68 crude and product tankers and will be led by Diamond S's management team
- INTTRA chief will stand down following takeover
E2open said INTTRA had made 'tremendous' progress under Mr Fay's stewardship, in which the company has increased volumes and revenues...
- Daily Briefing
Laggards could pay more for ballast water systems | Trump threatens to raise existing tariffs on China | Capes rebound...
- Algeria signs $6bn phosphate plant deal with China
A predicted decline in Algeria's oil and gas revenue dictates a new direction for the north African country
- Greek companies fined $4m for oil discharges at US ports
Nicos IV failed to report the discharge of oil-contaminated ballast water at the port of Houston last year
|NOVEMBER 28, 2018|
- In-house schooling delivers new US truck drivers
- US ports seek greater share of federal funding
- End-to-end logistics pursuit holds risks for major container lines
- CEVA banks on rapid forwarder growth from CMA CGM unit
- US contract filing exemption would boost carrier efficiency
|NOVEMBER 28, 2018|
- Navios Maritime Holdings looks for reverse stock split
Navios Maritime Holdings wants to reverse split its stock to get back into compliance with the New York Stock Exchange. The Angeliki Frangou-led bulker owner is putting a 1-for-10 reverse split to a shareholder vote at its annual meeting, set for 21 December in Monaco. Navios Maritime Holdings gets $7m for panamax The move is intended to get Navios' share price above the $1 threshold as require
- APL not worried about Matson attempt to block subsidies
APL says Matson's attempt to strip ships of a federal subsidy is lacking as Matson's Guam trade falls off
- BP thinks more LNG carriers will be built on spec
Growing need for flexibility in LNG market will demand built-in redundancy as sector shifts to commoditised trading model.
- Cosco Shipping gets approvals to raise $2bn
The container port and shipping arm of state conglomerate China Cosco Shipping can sell commercial paper and notes to raise CNY $2.2bn for debt repayment in the next 24 months.
- GasLog confirms dividend, share repurchase
Paul Wogan-led owner has said it was considering them but gave no details.
- Stevenson expects Diamond S private investors to hold firm
While most have waited years for company to get public, Craig Stevenson explains why now may not be the right time for anyone to sell shares.
- GasLog gets $25m in cash flow deal with MLP
Andrew Orekar-led MLP expects heightened competitiveness in reducing quarterly outlay of incremental cash flow by half for dividend above certain threshold.
- Bohai Ferry aims to have 19-ship fleet by 2025
Shanghai-listed Chinese owner plans to bring another four to six ro-paxes and ro-ros into operation, including some that can carry hazardous chemicals.
- UK ports "confident" of coping with Brexit problems
A UK ports body has said it is confident of meeting the challenges of Brexit next year. Tim Morris, CEO of the UK Major Ports Group, was responding to a UK parliament committee report saying major disruption is a real prospect in the event of a no-deal scenario. He said "The UK port sector is a resilient and adaptable one. "Most of the UK's major ports already handle huge volumes of non-EU trad
- Bergen Yangzhou selling supramaxes after bankruptcy
Norwegian bulker owner Bergen Yangzhou Supramax Carriers is selling off its two ships after being declared bankrupt. DVB Bank pushed the Berged-based shipowner into bankruptcy, confirmed by a court earlier this year, after the shipowner failed to pay up on its loans due in December. Bergen Yangzhou trustee Gunnar A Haahjem said its 57,000-dwt Grand Breaker and Grand Pioneer (both built 2011) ha
- Ferry makes three autonomous dock calls in Norway
Wartsila completes further test of auto-docking technology.
- KNOT STS tanker accident revealed
Owner says it notified authorities of "minor" incident in Brazil last year.
- Hamburg Commercial Bank is born as funds buy 100% of HSH
German lender completes first ever Landesbank privatisation as JC Flowers and others buy out local banks to add to stakes.
- Sale puts Valles one ship away from bulker exit
Valles bought the vessel and sister ship back in 2004 for $24m each.
- Plastic wrapper stalls Indian ro-pax
A discarded plastic wrapper brought an Indian ro-pax to a halt after it was sucked into a cooling pipe. The Indian Express reported that the waste blocked the pipe, forcing the engines to shut down on the 6,500-gt Voyage Symphony (built 2015), which was en route in the Gulf of Khambhat on 21 November, with 400 passengers on board. The ship needed a tow and is now being repaired. It will be back
- VIDEO: captain's rescue wins IMRF HERO award
An Indian master who spotted and rescued two drifting French fishermen has scooped the industry's top individual bravery award for 2018. Captain Siddarth Sharma was honoured by the International Maritime Rescue Federation (IMRF) for his actions. His 1,900-gt integrated tug-barge Astal-Lorida (built 1977), operated by Trinitas Ship Management, was en route from New Orleans to be scrapped
- COSL selling tanker business to CNOOC
OSV specialist offloads crude duo to its parent.
- Cape woes ease but coal and soybeans hit smaller segments
Earnings for capesize bulkers have found renewed strength, while underperforming US exports and Chinese imports may hurt smaller segments
- LNG carrier holed in berth accident at Sakhalin
Grand Elena hit mooring dolphin as it left Russian port.
- VIDEO: three crew rescued as cargoship hits reef
Three crew have been saved after falling overboard following a reef grounding in Vietnam. The 1,900-dwt cargoship Hai Minh 36 BIDV (built 2009) got stuck at Hon Lac, Van Phong, on Monday, the Thanh Nien website reported. It was en route to Hai Phong. Watch the video here The hull was punctured near the engine room, causing water ingress. VIDEO: fire tears through new Russian icebreaker Three
- Nord/LB warns of rising shipping provisions
German lender slashed figure in first nine months, but final quarter looks less positive.
- Arcadia Shipmanagement of Greece sells first ship of 2018
Greek tanker and bulker owner Arcadia Shipmanagement is set to conduct its first move this year in the sale-and-purchase market. US brokers claim the company is aiming to dispose of the 106,000-dwt Aegean Faith (built 2003). The ship, which is not due for special survey until February 2023, has reportedly gone for a higher-than-expected $13m. Valuation platform VesselsValue estimates that a s
- New Hansa cruiseship coming 11 years late
Sea Cloud to get hands on vessel after huge delay due to Portuguese yard bankruptcy.
- Solstad adds PSV charters
Solstad Offshore of Norway has won two more platform supply vessel (PSV) charters. Allseas has fixed the 4,500-dwt Normand Naley (built 2011) and 4,700-dwt Sea Supra (built 2014) for pipe-haul duties. Both contracts are for 70 days firm, plus options, starting in the first half of December.
- VIDEO: fire tears through new Russian icebreaker
Firefighters extinguish blaze at Admiralty Shipyard in St Petersburg.
- Pola Rise inks four more cargoships at Krasnoye
Russia's Krasnoye Sormovo shipyard has clinched another series of dry cargoships from domestic owner Pola Rise. The United Shipbuilding Corporation yard will build four 8,100-dwt river-sea Project RSD59 vessels for delivery from next January, PortNews reported. Krasnoye Sormovo wins 15-ship order The contract has been signed in conjunction with State Transport Leasing Company (STLC). The deal
- Salamis Lines sells sole cruiseship
Cypriot owner finds buyer for 43-year old vessel.
- Jinhui Shipping profit boosted by asset sales
However, Oslo-listed bulker refrains from paying out third quarter dividend.
- Diamond S merges with Capital Product Partners
Companies say $1.65bn deal will create one of world's largest mixed tanker fleets while allowing Craig Stevenson and his management team to lead new venture.
- Vopak expands stake in Pakistan LNG FSRU terminal
Dutch tank storage company cites Asian nation's growing energy demand as reason for latest investment.
|NOVEMBER 28, 2018|
- Report: Trade actions could reduce U.S. GDP by $365 billion
Current and possible tariffs could impact U.S. imports and exports valued at more than $1 trillion.
- USMCA 'a big damn deal' for U.S. agriculture industry
Panelists at an Atlantic Council event Tuesday pointed to several areas of ag trade in North America the updated NAFTA should enhance.
- A nimble COAC keeps pace with rapid changes
Trade advisory to CBP's new subcommittee structure offers more efficiency to tackling complex issues.
- USTR takes 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 that would affect several aspects of U.S. alcohol trade with foreign countries.
- Two Greek ship operators guilty of oil dumping
- Virginia company fined for sanctions violations
- E2open completes acquisition of INTTRA
- Executive Moves: Union Pacific, Drone Delivery Canada
|NOVEMBER 28, 2018|
- ICE LSGO contango steepens towards 2020 amid lower flat prices and looming IMO
The contango in the ICE low sulfur gasoil futures curve has steepened in recent weeks as end-users hedge their exposure to price moves in the distillates markets leading up a lower sulfur cap for marine fuel from 2020.
- Crude sinks as US stock build stokes oversupply concerns
Crude settled lower Wednesday amid continued builds in US crude supply and lingering uncertainty regarding OPEC's response to the recent selloff.
- ULSD barges hit record high versus NWE cargoes on dwindling stocks
Barges of ultra-low sulfur diesel trading in the Amsterdam-Rotterdam-Antwerp hub strengthened to their highest value relative to the Northwest European cargo market since S&P Global Platts started the assessments 11 years ago, amid falling stocks and lack of resupply.
- IMO's sulfur cap seen providing medium-term support to refineries
The International Maritime Organization's more stringent bunker fuel requirements from 2020 will provide support for refineries, at least in the medium term, delegates at the World Refining Association conference in Cannes said Wednesday.
- Storm halts crude loadings at Black Sea port of Novorossiisk
Crude oil loadings have been suspended at the Russian Black Sea port of Novorossiisk due to a storm, a situation which is due to continue until the end of the month, crude pipeline operator Transneft said Wednesday.
- External: Praxis Energy Agents DMCC
- China-linked VLCCs storing Iran crude; loading from Kharg island: sources
Kunlun, which bought Alter Ego I, has changed the name of the VLCC to Tian Ying Zuo and received Iranian crude, sources said.
- FUTURES: Crude higher on supply cut expectations, bargain hunting
"My sense is that prices had overshot on the downside, so you could call it bargain hunting," St George Bank senior economist Janu Chan said.
- Iraq earmarks more of its oil for Asia
Under Iraq's final 2019 crude term contracts, the Asian market will account for 67% of Iraq's oil exports, a ministry spokesman said.