|FEBRUARY 4, 2019|
- Asia-Europe rate steady at US$960/TEU, off 2.3pc to USWC
- 9,600-TEU APL ship on fire en route from Shenzhen to S'pore
- Le Havre again achieves record container volume of 2.1 million TEU
- ONE takes delivery of second 14,000-TEUer with all bells and whistles
- Canadian National quarterly profit up 19pc to US$1.06 billion
- Long Beach mayor heads to Singapore, Cambodia, Vietnam with investors
- Indonesia positions Batam island group to rival Singapore as shipping hub
- Saudi Arabia announces plan to turn Jeddah into global transshipment hub
- UN's sulphur fuel emissions cap stands to reverse Panama Canal's gains
- Germany's Hamburg port installs first hybrid straddle carrier
- Australia attracts growing volumes of air cargo from Singapore
- Embryonic all-freight airline CargoLogic Germany joins BARIG
|FEBRUARY 3, 2019|
- Budget has outlined govt's vision to improve Indian logistics sector: Prakash Tulsiani, Executive Director & CEO - CFS & ICD, Allcargo Logistics Ltd
- PIL & IBM collaborate to trial Lunar New Year delivery using IBM Blockchain Platform
- Significant increase in budgetary support for Sagarmala
- Cochin Port records highest-ever cargo handling performance
- HAROPA has a notable 2018 & will continue to seize development opportunities in 2019
- 'Export logistics will improve'
- Customs taking key steps to facilitate export logistics: Goyal
- First ever regular direct cargo train link between China & Italy flagged off
- Mahindra Logistics' revenue & PAT up in Q3 & 9 months
- Some of the highlights of Interim Budget 2019-20
- BHP-MALA 2019 International Conference & Awards enthralls in Mumbai
|FEBRUARY 4, 2019|
- Gefco to be listed on Paris branch of Euronext exchange
- New freight forwarder gracing greater Nuremberg
- World Insurance Services appoints new CEO
- Big bridge encouraging Gambia - Senegal trade
- Honold and Premium Aerotec working together
- Brazilian cargo airline expands fleet
- All's well that ends well for crew of MSC Mandy
- Heppner chooses regional manager for southern Germany
- Transport order for sodium hydroxide
- Port Synergy - growth in 2018, upgrade in Le Havre
- Strong Q4 rounds off a strong year
- Cannabis faster out of Zimbabwe?
- Boris Lukic now CEO Switzerland of the M+R Spedag Group
- "Curiosity of the Day"
- Central location for urban logistics
- Bigger warehouse with direct link to Metrans
- ANA Cargo adds triple seven on transpac route
- UK: DfT tables outlook up to 2050
|FEBRUARY 1, 2019|
- Transport secretary Grayling 'acted illegally' in awarding Brexit ferry contracts
- Transpacific spot rates soften early as carriers prepare for post-CNY slump
- Integrators and 3PLs watch nervously as Amazon starts to stretch its delivery legs
- CN signals intermodal ambitions with takeover bid for port of Halifax terminal
- Supply Chain & Freight the star performer as UPS reports a strong final quarter
- How the US-China trade war ends
- December ends air cargo's year with steadily decreasing growth
- Supply chain radar: Possible scenarios after DSV's Sfr4bn takeover of Panalpina
- Supply chain radar: Alibaba's logistics plan overshadows all else
|FEBRUARY 1, 2019|
- K-Line coal carrier starts binary cycle power generation tests
- LPG-fueled ME-LGIP picked to power Chinese VLGC
- Becker Marine Systems adds wing sails to its specialities
- ABS grants AiP to two DSIC designs for large LNG fueled vessels
- Brazos Pilots Association takes delivery of new Metal Shark boat
|FEBRUARY 1, 2019|
- The Lloyd's List Podcast: What next amid disaster and political turmoil in South America?
Listen to the latest edition of Lloyd's List's weekly podcast - your weekly briefing on the stories shaping shipping in...
- Shizuoka to supply 'boxed LNG' to Dalian Inteh unit
Deal allows small volumes of LNG to be diverted from Japan to China
- South African coal exports indicate a reshaping of bulk carrier demand
Key market India is diversifying its coal sourcing with Indonesia, South Africa and Australia now facing pressure from US exports
- UK retrofit firm gets scrubber contract for over 30 boxships
Cleanships Solutions has already begun the retrofitting programme, which it expects to complete by April this year.
- Big Three, Big Two, Bigger One
Under current share-swap arrangement, KDB will not cease its financial support to DSME or HHI. It is just to turn...
- Maersk said to be quitting UK flag
Maersk could follow P&O Ferries and other companies in ditching the Red Ensign, sparking fears of a Brexit-driven mass exodus...
- Navios Partners unveils new financing as it returns to profit
Angeliki Frangou-led partnership enters deals to refinance 12 bulkers and sale-and-leaseback transactions for two capes
- Global Ports Holdings secures Antigua and Barbuda cruise concession
GPH said that, subject to financial considerations, the Caribbean concession will start in the second half of 2019
- China's bearish demand set to hit bulker earnings
Iron ore imports may have peaked, while slowing manufacturing and economic headwinds could hurt bulk carrier demand this year, says...
- Daily Briefing
Hyundai Heavy to acquire DSME from Korea Development Bank | The Interview: Gary Vogel | Viewpoint: Endorse the port |...
- Brightoil concedes $1.9bn total debts
It has made an application to the High Court of Singapore for a moratorium restraining legal action or proceedings against...
- The Interview: Gary Vogel
Head of US-listed dry bulk owner Eagle Bulk says he would be open to some sort of a tie-up or...
- PIL pilots non-negotiable e-BL on lunar new year shipment
The use of e-BL for a shipment of mandarin oranges has almost eliminated the time taken for title transfer while...
|FEBRUARY 1, 2019|
- Betting on blockchain for freight payment
- US truckers, shippers: 'How slow can we grow?'
- For shipping: Visibility via data trumps blockchain
- LA-LB port warehousing nears limits
|FEBRUARY 1, 2019|
- Danish giant Maersk has 'no plans' to leave UK tonnage tax
That said, the Danish line's last remaining vessel in the regime is nearing demolition age and it no longer has any vessels sailing under the red ensign.
- UK Treasury tipped to target tonnage tax in snap budget
Improvements to the regime are in the works, but it is not yet known how radical they will be or how soon they will materialise
- LNG newbuildings and VLCCs in Capital Product Partners' $800m pipeline
Jerry Kalogiratos opens up on what could be on the MLP's shopping list after Diamond S tanker deal.
- 'Wake-up call' for Indian yards as Brussels rejects scrapping applications
Bids by Shree Ram and Priya Blue fail as European Commission focuses on intertidal activities, welfare and waste management
- Danske Bank drops 2019 VLGC rate forecast after slack
Danske Bank has cut its VLGC rate forecasts for this year - but analysts at the bank remain convinced the market is in recovery mode. Frontline positive on Iran and Opec as tanker trough passes Despite taking his red pen to 2019 projections, analyst Anders Karlsen says this year will be better than last for shipowners in the sector. Danske Bank is now projecting VLGC rates of $21,750 per day in
- US government shutdown has delayed Diamond S Shipping merger and listing
Capital Product Partners chief Jerry Kalogiratos says transformative transaction still likely to close this quarter.
- Lacrosse lads get a look at Seabury Capital
A Massachusetts college has proved a fertile hunting ground when it comes to Seabury Capital's recruiting. Last month Seabury welcomed the men's lacrosse team from the College of the Holy Cross to its New York office for a careers day. Seabury Maritime strengthens top team They may have met some familiar faces, as two recent graduates of the college are employees of Seabury, and chairman and CE
- US customs agent sentenced for failing to inspect ships
A US customs agent has been sentenced to 30 days of house arrest for failing to inspect ship. Carl James Jr was also ordered to complete 200 hours of community service. The Virginian-Pilot website cited court documents as saying James, 38, was the only agricultural specialist working at Virginia International Gateway in Portsmouth. He was tasked with checking for invasive species or diseases.
- Global Ports Holding wins Antigua cruise port concession
GPH will focus on enhancing the passenger experience, as well as catering to the world's largest cruiseships
- Court limits Evergreen's suezmax smash bill to $9.5m
The UK admiralty court has limited Evergreen's liability for a collision between its boxship Ever Smart and a suezmax tanker to $9.5m. Evergreen's 7,024-teu Ever Smart (built 2006) "drove into and almost through" the 153,000-dwt Alexandra 1 (built 1997), owned by Nautical Challenge, off Jebel Ali in February 2015, judge Andrew Baker said. Ever Smart suffered $4m in damage. The laden suezmax, who
- BW LPG sells veteran vessel for demolition in India
BW LPG has sold one of its oldest ships for demolition, its chief executive confirms. Oslo-listed BW LPG has sold the 57,000-cbm gas carrier BW Helios (built 1992) for $420 per ldt or $6.8m. BW LPG shares inch up after Ackermann dips into stock BW LPG 'eyes open' for takeovers and time charters The ship, which has been in the BW fleet since it was delivered from UK-based Govan shipyard, is b
- Polsteam pulls plans to sell panamax bulker pair
Shift of focus towards handysize prompted sale but lacklustre S&P response
- Kayne Anderson sells KNOT Offshore and Hoegh Partners shares
Kayne Anderson Capital Partners has cut back on two of its shipping holdings. The Richard Kayne-led investment manager sold shares in KNOT Offshore Partners and Hoegh LNG Partners, according to Securities and Exchange Commission filings on Thursday. The firm now owns 1.8 million shares in KNOT Offshore, down from 2 million. The reduced stake is good for 5.6% of the company. In Hoegh, Kayne Ander
- Politics, price and succession to the fore in potential shipyard mega-merger
Shipowners positive on major shipbuilding combination despite possibility of higher prices.
- PIL uses blockchain eBL to ship oranges from China
Singapore's Pacific International Lines (PIL) has used electronic bills of lading (eBLs) to ship mandarin oranges from China for Lunar New Year celebrations. Zim opening up blockchain transits after trials Built on the IBM blockchain platform, the real-time pilot tracked the shipment, significantly cutting down on administrative processes. Importer Hupco took part in the trial as consignee of 3
- Deutsche Bank loan provisions stable at $602m
Provision for credit losses at Deutsche Bank was unchanged for 2018 at €525m ($602m), the lender said on Friday. Risk-weighted assets were up at '350m in the fourth quarter, from '344m in 2017. Corporate and investment bank provisions hit '110m in the last three months, versus '7m in 2017. The lender reported its first annual profit since 2014, earning '341m, compared with a loss of '735m the y
- Two crew killed by fumes on woodchip carrier
Two seafarers have died on a woodchip carrier in Indonesia. Police said the cause was suspected to be inhalation of toxic fumes. The 50,000-dwt Green World (built 1996) was docked at Merak on Friday. Banten Port regional police chief AKP Zamrul confirmed the incident to Banten News. He added the men were believed to have opened a cargo hatch and were overcome by fumes. The deceased were from
- SCI evicts sacked executive from company hostel
A court has evicted a sacked Shipping Corp of India (SCI) executive from company premises. The state shipowner said "unauthorised occupant" Shri Raja Basu had been "compulsorily retired" from the company in May 2017. SCI loss grows despite ship sales This was due to unsatisfactory performance and departmental proceedings over unspecified issues, it added. Since leaving SCI, he had been living
- HHI workers halt wage vote after DSME merger mooted
Unionised workers at South Korea's Hyundai Heavy Industries have halted a vote on a new wage deal following the news that the yard could buy rival DSME. KDB pressing ahead with mega-merger of world's two largest shipbuilders The labour union held an emergency meeting on Thursday after putting off the ballot on 2019's settlement, Aju News reported. Workers have been worried about consolidation a
- Danske Bank reverses $285m of impairments
Danish lender Danske Bank has reversed DKK 650m ($285m) of impairment charges in 2018. This is less than in 2017, when it logged DKK 873m of reversals. Interest income was down at DKK 24.66bn against DKK 27.88bn, while net profit dipped to DKK 14.68bn from DKK 20.9bn. It said the underlying business remained solid and saw "good developments". "Credit quality remained strong across all business
- MOL VLCC in prang with mooring in Basra
An MOL VLCC has collided with a loading pipeline in Basra, causing some disruption to loading at the terminal. VLCC scrapping set for respite before regulation-driven spike Brokers were alerted to the incident involving the 311,000-dwt Altair Trader (built 2005) yesterday. A spokesperson for the shipowner says the tanker is now loading and the situation is being examined. The collision is not
- Blaze breaks out in cargo holds of APL boxship
Container line APL has said a fire has broken out in the cargo holds of a boxship en passage from Shekou to Singapore. Insurers seek to win IMO support in bid to combat boxship blazes Emergency response procedures were activated for the 9,200-teu APL Vancouver (built 2013) off Vietnam in the early hours of Thursday. "The operator is in continuous contact with the vessel's master and local autho
- Three injured and one detained after brawl on boxship
Three seafarers have been injured and one detained by colleagues after a serious fight on an MSC boxship off South America. The incident on the 5,606-teu MSC Marta (built 2005) took place on Wednesday evening. Radio Tivat reported that the three wounded crew were from Montenegro. A chef was reportedly seriously hurt and was taken to hospital by helicopter. More minor injuries were suffered by
- Kumiai Navigation orders dual-fuelled VLGC at Kawasaki Heavy Industries
Kumiai Navigation's VLGC newbuilding is part of the company's fleet renewal and expansion programme.
- Liquidation looms for Emas Energy Services
Ezra Holdings subsidiary placed under creditors' voluntary liquidation.
- Product tanker Sea Frontier sinks off Malaysia
Local authorities say all crew rescued from partially submerged vessel and no oil has been spilled.
|FEBRUARY 1, 2019|
- WLS: BlueWater data reflects world trade challenges
BlueWater Reporting's Q4 2018 World Liner Supply report shows cargo front-loading on Asia to North America trades due to the U.S.-China trade war and challenges associated with the European Union's underperformance.
- U.S., China agree any deal must be enforceable
As another bilateral round of talks concluded this week, U.S. Trade Representative Robert Lighthizer said U.S. and Chinese officials extensively discussed enforcement.
- Moves made to merge Korean shipyards
Korea Development Bank is taking steps to merge Daewoo Shipbuilding and Hyundai Heavy Industries, but says Samsung may bid.
- Expanded Panama Canal has exceeded expectations
Containerships remain the top vessel, but the canal has seen an increase in LPG and LNG carriers since the expansion opened in June 2016.
- COSCO's Finkel: Low rates make alliances necessary
Shipping line's executive vice president of trade says U.S. trucking and rising ship fuel expenses are other concerns.
- CBP seizes largest fentanyl shipment
- WiseTech acquires Norwegian customs solutions provider
- False eyelash kits net OFAC penalties
- ONE takes delivery of 14,000-TEU GRUS
- Executive Moves: KPMG, World Insurance, Natco
- Intermodal volumes up 5.6 percent in 2018
|FEBRUARY 1, 2019|
- EU sidesteps sanctions on Venezuela's PDVSA
The EU has no appetite for general sanctions targeting Venezuela or its state-owned oil company PDVSA, despite the US imposing sweeping curbs on the latter earlier in the week, official EU comments show.
- Bunkering operations resume around Gibraltar following storm: port authorities
Bunkering operations have resumed in the Bay of Gibraltar, spokesmen for the port authorities at Gibraltar and Algeciras said Friday, after a period of bad weather eased.
- Supply of bunker fuel at Rotterdam tight: sources
Supply of high sulfur 380 CST fuel oil, one of the fuels used to power tankers, remained tight at the port of Rotterdam, the Netherlands, sources said.
- US crude exports to Asia to swell in Mar, Apr on cheaper freight
US crude exports to Asia are set to swell over March and April as a drop in freight rates makes US cargoes more competitive against barrels from Asia or the Middle East, according to market participants and shipping fixtures Friday.
- Russian Rosneft's 2018 bunker fuel sales up 10% to 3.2 million mt
Rosneft's sales of bunker fuel in 2018 rose 10% to 3.2 million mt as it continued to develop premium segments of its business, the Russian company said Friday.
- Additional Alberta crude supply may help fill Venezuela gap
More Canadian crude supply will soon be available to US Gulf Coast refiners looking to replace Venezuelan barrels, after the Alberta government Wednesday said it was raising its oil production cap by 75,000 b/d.
- Iraq crude exports unaffected by tanker collision with Basra SPM
Crude exports via Iraq's Persian Gulf terminals have not been affected by a January 30 collision of a crude tanker with a single point mooring buoy, the state-run Basra Oil Company said Friday.
- External: Marine Bunkering(Rotterdam)B.V.
- TRADER NOTE: Bunker provider OceanConnect hires new technical sales director
- Doubts about open-loop scrubbers to increase pressure on LSFO supply: IBIA
A global washwater discharge ban is currently not on the cards, Einemo said.
- Marine Fuel 0.5% futures trades suggest price surge going into 2020
Twenty lots, equivalent to 2,000 mt, of CME's December Mini Singapore FOB Marine Fuel 0.5%(Platts) futures were block cleared by the exchange Thursday.
- Shell earnings jump despite flatling output
"We will continue with a strong delivery focus in 2019," Shell CEO Ben van Beurden said.