|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
|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
|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...
|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
|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
|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
|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
|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
|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
|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...
|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