|JUNE 30, 2019|
- Bahri signs MoU for building new VLCCs
- Govt approves policy for reimbursement of freight subsidy in transportation of fertilisers through coastal shipping
- iCall helpline launched to deal with mental illness of seafarers
- MOL to issue Sustainability Bonds for institutional as well as individual investors
- OOCL receives top ranked carrier award from AgTC
- Sattva Logistics launches 'Snapsecure' app for real-time capturing & recording of export cargo stuffing
- The city of Marseilles pays tribute to Jacques R. Saadé by naming one of its emblematic seafront boulevards after him
- Iron ore imports surge by 80 pc, exports down by half in last 3 years
- Steel imports from China down
- Germany's Wilhelmshaven Freight Village Container Terminal & Navayuga Container Terminal agree on MoU
- KoPT's Haldia Dock Complex attracting crude traffic
- Major Ports handle more coal in April-May
- Commerce & Industry Minister asks transport Ministries to work towards reducing logistics cost to 9 pc of GDP
- Union Cabinet approves Motor Vehicles (Amendment) Bill. Hefty penalties proposed
- Advisory Group recommends tax reforms to boost exports
- No bans have been imposed on export & import of any major agricultural products: Govt
- Leading lights to confer on pertinent topics at South East CEO Conclave 2019 on July 3 in Chennai
|JULY 1, 2019|
|JUNE 28, 2019|
- Smooth sailing for rates on the transpacific, but rougher seas for Asia-Europe
- Opposition grows to Dutch plans for 'green' tax on air cargo
- Relief for busy West Med transhipment sector as new terminal opens at Tangiers
- Li & Fung Logistics IPO put on hold as Singapore's Temasek injects US$300m
- DHL Global Forwarding feeling more bullish after a strong first quarter
- The death of long-haul trucking getting closer
- Oscar de Bok to join the board at Deutsche Post DHL
- Supply chain radar: Propelled by 'M&A upside', is Hapag-Lloyd's irrational rally unstoppable?
- Port director Lisa Wieland to take over as CEO of Massport
- Europe warns US off as it bids to curtail Air Italy flights
- Analysis: 'Stay tuned', says FedEx as it bids to halt value destruction
|JUNE 28, 2019|
- Water Taxi Principal and CEO Bill Walker joins FERRIES 2019 speaker line up
Bill Walker, Principal and CEO of Water Taxi of Fort Lauderdale will be among the leading vessel operators who will be speaking at Marine Log's upcoming FERRIES 2019 conference, which this year
- Supreme Court rules on Jones Act seafarer unseaworthiness claims
In what's seen as a big win for Jones Act shipowners, on Monday, June 24, 2019, the U.S. Supreme Court held, in Dutra Group v. Batterton, that punitive damages are not available
- Crowley Logistics makes two leadership promotions
Crowley Logistics has promoted two of its veteran leaders, Sal Menoyo and Patrick Collins. Menoyo has been named vice president, Caribbean logistics, responsible for the strategic direction of sales, marketing, and administration
- New guidance on gas and other low flashpoint fuels
A new ABS Advisory on Gas and Other Low Flashpoint Fuels provides guidance on available technologies, regulatory requirements and installation and operational considerations for adopting gas or other low flash point fuels.
|JUNE 28, 2019|
- From the Newsdesk: Time to address shipping's lack of leadership
Our regular round-up of the stories behind the headlines and a timely call to celebrate the innovators, the visionaries and...
- Seafarers released off Nigeria after abduction
The Indian seafarers had been abducted from the Apecus product tanker in April
- Skuld only International Group club with underwriting surplus last year
Run of disappointing results has been widely attributed to an upsurge in major claims of $1m or more, seemingly a...
- Torm in 'a good place' to spread profit
The company expects to make a profit for the first time since 2017
- Grindrod Shipping extends IVS Bulk venture
The Singaporean firm has been involved in the sale and leaseback of an older ship. It has also been acquiring...
- Port operators call for level playing field on block exemption rules
Consortia buying power and vertical integration need to be assessed in competition regulations
- Slim pickings so far for box freight rates
Mainlane trades are struggling to increase rates despite blanked sailings, while seasonal demand is expected to be lower than usual
- Ocean Yield agrees newcastlemax charter deal with CMB
Ocean Yield buys the vessel that will go on a 15-year charter with options to CMB
- Daily Briefing
New maritime fund on investment trail | War risk clauses don't apply in the Gulf, but they soon might |...
- MPA suspends another bunker operator in Singapore
According to MPA's figures at the beginning of 2019, Inter-Pacific Petroleum was the 26th biggest bunker supplier by volume
- Data and technology herald 'sea change' in marine insurance
Insurance could be priced based on the operating approach of the individual company, rather than a broader brush approach that...
- Closure of US refinery set to boost tanker rates
The closure will have a positive impact on medium-range tonne miles as the US east coast looks to European imports
- The Lloyd's List Podcast: A mid-year shipping outlook
Michael Webber, Wells Fargo's superstar shipping and LNG research analyst, makes a welcome return to the podcast this week to...
- The Interview: Denis Petropoulos
The British are no longer sailing the ship and the job of Baltic Exchange chairman is not what it once...
- CSIC strikes aggressive newbuilding deals amid market slump
Lloyd's List understands the newbuilding orders consist of 24 vessels, including very large crude carriers, aframaxes, medium-range tankers, newcastlemax and...
- Sapura Energy wins $241m in new contracts
For the first quarter of the financial year 2020, revenue almost doubled to RM1.6bn but it remained in the red...
- Venture Global raises $675m new funding for Plaquemines LNG
Plaquemines LNG, which remains subject to regulatory approval, is expected to start exporting LNG in 2023
- BP signs up for Woodfibre LNG offtake
Woodfibre LNG is expected to deliver its first cargo to BP Gas Marketing in 2023
|JUNE 28, 2019|
- LA City Council rejects APM automation permit
- Eastbound trans-Pac spot rate jump belies peak season forecasts
- PSA India moves to speed import discharges at JNPT
- Mega-ship calls keep pressure on European hubs
- US regulator warns truckers to act before ELD deadline
- West Coast ports investing aggressively to regain market share
|JUNE 28, 2019|
- Hoegh switches out FSRU for Australian project
AGL Shipping is changing up the floating storage and regasification unit it plans to use on its delayed Australian LNG project. Hoegh LNG announced Friday that the Hoegh Giant was being switched out in favor of the Hoegh Esperanza for a decade-long charter at the Crib Point project, roughly 40 miles southeast of Melbourne. LNG shipowners highlight long-term prospects amid spot volatility The co
- Tsakos Energy Navigation to pay out on preferred shares
Tsakos Energy Navigation is set to redeem preferred shares next month for $25 each. Tsakos Energy Navigation would consider LNG spin-off, says chief executive The New York-traded tanker and LNG carrier owner announced Friday that its 8% Series B Cumulative Redeemable Perpetual Preferred shares would be redeemed 30 July. That date will also be the final dividend payment for the shares. The divid
- MSC Gayane cocaine haul becomes biggest ever
The seizure of cocaine from an MSC boxship has become the biggest in US history. Five MSC Gayane crew remanded in custody NBC cited the Customs and Border Patrol as saying that it had now recovered nearly 20 tons of the drug from the 9,962-teu MSC Gayane (built 2018) in Philadelphia. This is worth $1.3bn. Officials initially found 15.5 tons of cocaine in seven boxes earlier this month
- Polaris fund eyeing $1.1bn sale of Molslinjen
Investment fund reportedly hires investment bank to prepare disposal of Danish company.
- USC develops LNG-fuelled powerships
Russian yard group works with designer on new vessel project.
- Kjell Inge Rokke's Ocean Yield inks newcastlemax deal with Saverys family
Kjell Inge Rokke's Ocean Yield and Saverys family company CMB have struck a sale and leaseback deal for a newcastlemax newbuilding. It marks the second transaction between the two firms following a containership move last summer and confirms claims from Ocean Yield it would not be constrained by uncertainty around employment of its FPSO. Ocean Yield in market for deals despite FPSO woes The pa
- Borr Drilling completes $645m financing deal
Tor Olav Troim company now has access to huge cash pot.
- Coastal Bulk lands Malteurop contract
New Zealand owner seals annual deal with country's biggest malting company.
- Workers seriously injured at Palumbo shipyard
Two Romanians taken to hospital after forklift accident in Malta.
- CSIC celebrates $2.1bn of deals in grand ceremony
Chinese shipbuilder brings industry together to celebrate newbuilding and leasing contracts.
- Occidental Petroleum pulls plug on VLCC deal with major owners
US energy firm Occidental Petroleum has aborted plans to charter a string of VLCCs from prominent Greek, Chinese and New York-listed shipowners, tanker market sources say. TradeWinds reported on Wednesday that Occidental was understood to be chartering tankers from John Angelicoussis, Onassis company Olympic Shipping & Management, DHT Holdings and China Merchants Energy Shipping firm AMCL. Major
- MOL turns to 'sustainability bonds' to fund green initiatives
Shipowner looks to broaden use of alternative sources of capital to fund social and environmental programs.
- Moby confirms ro-pax giants in China
Ferry operator confirms two out of four LNG-ready ro-paxes at GSI
|JUNE 28, 2019|
- Los Angeles City Council vetoes permit for Pier 400
The Los Angeles Board of Harbor Commissioners will reconsider a coastal development permit it approved earlier this month for the APM Terminal at Pier 400.
- Panelists optimistic about USMCA ratification
There have been positive signs from both Democrats and Republicans regarding the trade pact's prospects of passage, attorneys said during a conference on Thursday.
- E-comm, cold storage demand eat up space, raise rents
The e-commerce boom is causing huge shifts in the nation's industrial and logistics market, from the development of multistory facilities in urban cores to be closer to consumers to rampant cold-storage demand from more online grocery sales.
- Moody's forecasts more automated container terminals
Advantages include lower operating costs, increased throughput capacity, improved service reliability and reduced emissions.
- Chao to receive AOTOS Award
- Purolator to invest CA$1 billion over next five years
- Executive Moves: SSA elects first female president
- Wieland selected as CEO of Massport
- APMT opens second container terminal in Tangier
- Opus9 expands into port drayage
- Six MSC containerships to get cargo system upgrades
- 'Slight contraction' in worldwide trade expected in Q3
- Roadrunner CFO Rogers resigning
- Cargo ships slow speed for cleaner air at Long Beach
|JUNE 28, 2019|
- Oil slides in late-session selloff on profit taking, G20 uncertainty
US crude futures settled lower Friday.
- ARA fuel oil stocks up 15% amid closed Asian arbitrage
Fuel oil stocks in the Amsterdam-Rotterdam-Antwerp rose 15% on the week.
- Rotterdam HSFO barges in steep backwardation on tight availability
Tight availability in the high sulfur fuel oil market contributed to a pronounced backwardation in Northwest European barges.
- Med HSFO market tightens, affects local bunker markets
The Mediterranean fuel oil market tightened for RMG grade bunker fuel on reduced output from refineries.
- Singapore Q3 2019 ex-wharf 380 CST bunker term jumps on tighter supply
Singapore ex-wharf 380 CST bunker term levels for Q3 loading jumped over term levels for Q2 loading.
- Singapore's residue stocks drop 4% on week due to lower imports
Singapore's commercial stocks of residues fell 4% week on week.
- Singapore prompt HSFO swaps spread jumps to 4-year high on shrinking supply
The prompt backwardation spread in the Singapore high sulfur fuel oil swaps market vaulted to a 4-year high.
- SHIPPING QUARTERLY: Container market feels impact of US-China trade tensions
There is a serious knock-on effect on fuel prices and associated freight rates as IMO 2020 looms.
- Singapore light distillate stocks slips 2% as gasoline exports hit 6-week high
Stocks of light distillates totaled 12.236 million barrels in the week ended June 23.
- Malaysia's Gafung Petroleum ties up with Bintulu Port for bunkering
The company aims to "provide round the clock fuel bunkering services at major ports through-out Malaysia", Yusuf said.