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25 June 2019 The on-line newspaper devoted to the world of transports 12:40 GMT+2

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Sched Netweb site
MAY 30, 2018
  • CMA CGM introduces bunker surcharge as Q1 loss total US$77m
  • Port of Riga sees Jan-April cargo traffic rise 8.1 pc to 154,353 TEU
  • APM Terminals Vado Ligure receives 6 automated rail cranes
  • Maersk forwarding unit Damco leases 75 acres near LA-LB port
  • Maersk Fluid Technology promotes blending fuel on board
  • CN's perfect storm of good and bad news that made a perfect mess
  • Newport Shipping offers 12-month repayment plan for repair services
  • FedEx launches programme to attract new pilots
  • Air freight demand up 5.8 percent in April: AAPA
  • Changi airfreight volume up 4.5pc in April
  • MABkargo flies 72 tonnes of oil and gas bulk from Germany to Malaysia

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Exim Indiaweb site
MAY 29, 2018
  • A.P. Moller-Maersk among users of world's first blockchain platform for marine insurance
  • Indian trade expected to benefit from proposed inland container terminal at Ashuganj in Bangladesh
  • Intermarine enters into joint venture with Zeaborn group; companies to combine global offices
  • Labour federations & Major Port authorities to meet again in June to resolve issues
  • Avvashya CCI to invest around INR 60 cr. to set up auto-ancillary warehouse facility in Guwahati
  • Civil Aviation Ministry to prepare a holistic 'Vision - 2035' document
  • Krishnapatnam Port & CONCOR launch new rail service to Central India
  • DRI issues notices to exporters for wrongfully availing tax exemptions
  • Remittances to exporters should reflect the real effective rate of the rupee: EEPC India Chairman
  • Commodity prices seen looking up in 2018

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International Transport Journalweb site
MAY 30, 2018
  • Russian Railways to extend freight base in Sakha
  • UK milkmen using Streetscooters as milk floats
  • BLG expanding in Berlin
  • Change of name for four South African airports
  • Winning Logistics orders new offshore cranes
  • System Alliance Europe hands out accolades
  • DHL acquires company in Colombia
  • Ever-swifter freight trains in India
  • Turkish Cargo QEP accredited stations now up to 22
  • Dship Carriers purchases newbuilds
  • NZL transport minister loses aviation portfolio
  • Busan to Moscow in just 15 days
  • New DSV facility in Belgium
  • Royal Brunei Airlines selects ECS Group as GSSA
  • Hamburg Süd revises Central America service
  • The new choice: France, a partner for your trade...

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IHS Maritimeweb site
MAY 29, 2018
  • Seeking to create a VLGC giant, BW makes a bid for Dorian
  • P&I chief warns on claims rise as shipping recovery continues
  • Scorpio Tankers in MR sale-and-leaseback deal
  • Project carriers Zeaborn and Intermarine to be merged
  • Continuing LNG trades recovery lifts interims for Flex and Awilco
  • Outlook for breakbulk carriers is improving
  • China Merchant and ICBCL co-invest in VLOCs for Vale contract
  • SM Line-Korea Shipping Corporation merger postponed
  • Marine insurers move closer to their Asian clients
  • Higher crude prices pose risks for shipping
  • Maersk delays delivery of last Triple E ship amid trade headwinds
  • Call to address Asia port marine insurance exposures
  • Shipowners balance premium options

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The Loadstarweb site
MAY 29, 2018
  • Kerry Logistics eyes growing African trade with takeover of Jo'burg forwarder SAS
  • CMA CGM and Zim blame rising fuel costs as they join the list reporting Q1 losses
  • Russian cargo airlines in the firing line of new 'tit-for-tat' US regulations
  • Analysis: investors may be feeling queasy as Maersk financials hit choppy water
  • Alibaba boosts logistics footprint with $1.4bn investment in Chinese courier ZTO
  • Brazil truck strike continues to hinder trade, despite concessions offer
  • Former Tiaca chief Doug Brittin appointed DTI director of operations

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Marine Logweb site
MAY 29, 2018
  • Inchcape whistleblowers to collect $4.4 million in False Claims Act case
  • Maersk picks ABS to lead workshop on cargo hazards
  • HALLMAR appointed agent for Cardama Shipyards
  • VIDEO: ONR funds autonomous vessel research at FAU
  • Zeaborn to take majority stake in new JV with Intermarine
  • Singapore moves against Wilhelmsen's planned Drew acquisition

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Lloyd's Listweb site
MAY 29, 2018
  • Inchcape: The price of innocence
    Inchcape Shipping now plans to focus on its core activities aimed at reducing customers' voyage costs
  • Inchcape settles 'overcharging' case brought by US government
    Executive chairman Simon Morse was brought back in early 2017 with a remit to reach a settlement on accusations by...
  • BW LPG makes $1.1b all-share bid to acquire Dorian LPG
    Update: BW LPG wants to preserve cash while allowing Dorian shareholders to maintain exposure to shipping markets in the all-stock offer
  • Greek shipping bank debt falls again
    Petrofin survey charts further contraction in ship finance portfolio, but Greek banks lift their game
  • Songa Bulk posts firm vessel earning for January-March
    Dry bulk outfit stays in the black as average vessel earnings remain firm despite lacklustre iron ore trades
  • DryShips agrees $94m deal for two Economou ships
    DryShips to pay an aggregate price of $93.8m for the two vessels, including shouldering $50.3m in bank debt
  • 'Autonomous' does not necessarily mean 'unmanned'
    Hype around autonomous vessels has turned out to be overblown because experienced crew will always be need to deal with...
  • Zech looks to take 100% control of newly merged heavylift giant
    But market still 'far away from good' as bunker prices spoil anticipated recovery party, and consolidation is more apparent than...
  • Tor Sletner jumps to cruise lobby from Norwegian shipowners' group
    A former Armed Services employee and green advocate, Sletner headed up the Norwegian Shipowners' Association's environmental activities with special a...
  • Shippers warned of rising costs as US trucking crisis builds
    Driver shortages and higher fuel costs are pushing up the price of haulage
  • Scorpio Tankers agrees deal for six MRs
    As part of new financing initiaves announced in April, Scorpio Tankers has signed a sale-and-leaseback deal with China's Huarong Shipping...
  • UK Club sees top line boost
    Chairman commends member efforts on safety
  • Flex LNG loses chief executive but gains two newbuildings
    Expansion continues with funds from a sale-and-leaseback deal, despite disappointing first-quarter results and the loss of chief executive Jonathan Cook
  • Wall St Note | Are shipping companies trash or treasure?
    What to do when one analyst calls a company junk when another analyst calls it the best bet
  • Zeaborn and Intermarine agree joint venture
    Zeaborn will have the majority stake in the new joint venture, called Zeamarine
  • Hapag-Lloyd warns on impact of sulphur cap violations
    Hapag-Lloyd chief operating officer forewarns that non-compliance is not an option for the company
  • Strike action brings Brazil's ports to standstill
    Expected customs and stevedores strikes could make matters worse for both Brazilian imports and exports
  • Brazil soyabean exports face strike crunch
    A bumper corn harvest expected in June and July could face delays due to an overhang in soyabean shipments
  • Greeks set sail for top spot in LNG sector
    Greek-backed companies on the cusp of challenging Japanese owners to leadership of LNG carrier ownership with control of 16% of the...
  • 'For the welfare of all nations'
    Last year 14% of all shipping capacity calling in North America belonged to Greek companies
  • Greeks and Wall Street
    An exclusive survey of 50 US-listed companies by Lloyd's List revealed that Greek shipping companies had a 23% market share...
  • Rosy charter market clouded by carrier woes
    Box lines dealing with a significant rise in operating costs while freight rates offer little support in terms of revenues
  • KDB issues $280m of green bonds
    Policy bank hopes the issuance can attract more private investors into domestic low-carbon projects
  • Hunter Group to increase private placement
    The company is raising funds for its newly acquired VLCC orderbook as it aims to switch its business focus to...
  • D.ship Carriers orders two multi-purpose vessels
    Deliveries of the F-500 duo are scheduled for November 2018 and first quarter of 2019, respectively

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The Journal of Commerceweb site
MAY 29, 2018
  • Paralyzing Brazil truckers' strike continues, delaying cargo, despite truce
  • Container ships added to Chittagong domestic route to cut congestion
  • Tracking incoming TEU called key to finding portside US trucks
  • Russian port stevedoring costs hit shippers
  • Roar Logistics expands intermodal reach to Dallas via acquisition
  • India's expanded import reform intensifies pressure on 3PLs
  • Capacity concerns drive up long-term air cargo charters

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TradeWindsweb site
MAY 29, 2018
  • Safe Bulkers remains in black in first quarter
    Listed Hajioannou company nears completion of newbuilding programme
  • Brazil strike crippling shipping set to end
    Deal reached between government and truck drivers should help restart vessel movements.
  • Top Ships holding $14.3m share sale
    Tanker owner is selling common stock to pay $5.8m in debt to Crede Capital Group.
  • Ackermann: BW LPG-Dorian would be 'bellwether'
    Combined company would have one-fifth of global LPG shipping capacity, but still faces tough market.
  • Heidmar sets up new bunkering service
    Fresh expertise being brought in to advise pool partners on options for 2020 compliance
  • Shippers blast lines over bunker surcharges
    Global Shippers' Forum says liner shipping industry is using 'conference-style' pricing to impose higher fuel costs on customers.
  • BW LPG makes $1.1bn offer for Dorian LPG
    UPDATE 2: Dorian is reviewing proposal; JP Morgan says some Dorian upside given away but other benefits accrue.
  • Navigator ethylene joint venture picks site
    Gas ship owner and operator plans to have largest US facility for export of petrochemical gas.
  • Claims downturn boosts UK Club
    P&I mutual affirms belief in mergers as free reserve rises by $82m
  • DryShips to buy two Economou vessels
    Diversified shipowner plans to buy a Newcastlemax drybulker and suezmax tanker from affiliates of George Economou.
  • TGS, PGS land Norwegian survey deal
    Charterer and owner teaming up on 6,100 sq km job off Hammerfest.
  • Legionnaires' disease found on ferry
    Deadly bacteria present on shower heads on P&O's Pride of Kent.
  • China urged to reconsider scrap ship import ban
    ISRA says responsible owners left searching for recyclers offering equal high standards.
  • Torvald Klaveness heading to Dubai
    Bulker owner follows pop-up office with permanent base in UAE.
  • Scorpio Tankers seals six more leaseback sales
    Owner offloads MRs to China Huarong in another transaction expected to increase liquidity.
  • Tokyo books MSC ship for Olympics
    MSC Lirica brought in as hotel vessel for summer games.
  • Havyard falls to first quarter loss
    Saevik-owned yard hit by higher costs, but profit forecast for this year and 2019.
  • CMES, ICBC form $417m VLOC JV
    Chinese owner and leasing company invest in six big bulkers on order at Beihai.
  • NAT secures $23m period charter deal
    Herbjorn Hansson's Nordic American Tankers (NAT) appears to have landed a three-year charter deal with Equinor for a suezmax newbuilding. Shipbrokers said the company, formerly known as Statoil, is to pay $21,000 per day for the 157,000-dwt Nordic Aquarius, which is scheduled for delivery from Samsung Heavy Industries in June. At that rate, the deal is worth $23m in gross charter revenue. The
  • Zeaborn and Intermarine combine MPP, heavy-lift assets
    New operation Zeamarine will have 75-plus vessels, but plans to increase this to more than 100 by 2019.
  • Dof scoops one-year Petrobras charter
    Norwegian owner's AHTS Skandi Fluminense wins ROV work in Brazil.
  • PGS appeals $11m Rieber resale ruling
    UK owner goes to supreme court in row over OSV deal.
  • Jonathan Cook quits Flex LNG
    Fredriksen company's CEO wants to pursue other interests as Marius Foss joins from Golar LNG.
  • USC in talks for 50 newbuildings
    Russian yard group discussing massive deal with domestic owner.
  • Waruna Nusa Sentana keeps up buying binge
    Indonesian tanker owner Waruna Nusa Sentana has emerged as the reported buyer of two Claus-Peter Offen handsyize product tankers that were reported sold last week, bringing its total number of purchases this year to five. The 37,000-dwt medium-range tankers CPO Larisa Artemis and the CPO Larisa Athena (both built 2004) were said to have been sold for $15.6m en bloc, UK shipbrokers said. Waruna N

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American Shipperweb site
MAY 29, 2018
  • Crowley launches Caribbean feeder service
    Crowley Maritime Corp. announced Tuesday that it has launched a feeder shipping service connecting San Juan, Puerto Rico; Rio Haina, Domini...
  • Executive Moves: UPS and Railinc
    UPS has appointed Kevin Warren to the position of chief marketing officer effective Friday. Warren, who will report to UPS Chairman and CE...
  • Container rate indices sending mixed signals
    Two of the primary indices for measuring spot rates for container shipping were headed in the opposite direction last week. After pricing ...
  • Kerry Logistics buys freight forwarding company
    Kerry Logistics Network Ltd. said it has acquired Shipping and Airfreight Services (Pty) Ltd. (S.A.S.), a Johannesburg, South Africa-based ...
  • Unions serve CP with strike intention
    Class I railway Canadian Pacific (CP) was served with strike notices on Saturday from two unions - the Teamsters Canada Rail Conference-Tra...
  • Industry Insider: My bill of lading does what?
    Anyone who works in the transportation, shipping or logistics sectors knows how even the small details - sometimes especially the small det...
  • White House moving forward with China tariffs
    The Trump administration plans to move forward in imposing 25 percent tariffs on approximately $50 billion worth of goods in yearly import ...
  • Alibaba invests $1.36 billion in ZTO Express
    Alibaba Group and its logistics arm Cainiao will invest $1.38 billion in the Chinese express delivery company ZTO Express (Cayman) Inc. in ...
  • Port of Zeebrugge invests in COSCO terminal
    COSCO SHIPPING Ports Ltd. (CSP) announced Friday that the Port of Zeebrugge has signed an agreement for the purchase of a 5 percent stake i...

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The Bunker Bulletinweb site
MAY 29, 2018
  • Saudi Arabia seeks Gulf Arab support for OPEC strategy shift
    Planned meeting has helped push crude prices lower.
  • Net speculative longs in ICE Brent at 8-month low; ICE LSGO spec length rises
    Drop in longs due in part to profit-taking.
  • NYMEX crack spreads lifted by softer crude, inventories
    News of OPEC production easing bearish for crude, bullish for products.
  • Scorpio to sell/leaseback six MR product tankers for $48 mil liquidity boost
    Additional liquidity to help offset poor Q1 earnings.
  • Strong winds restrict bunkering operations at Malta: port authority
  • Bunkering to continue at Greece's Piraeus despite strike Wed: sources
  • Suezmax heads east with HSFO but NWE-Singapore arb remains lifeless
  • External: Praxis Energy Agents DMCC
  • FUTURES: Crude remains low on increased production talks

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