|AUGUST 6, 2019|
- Panama Canal implements 10 knot speed limit to save the whales
- As trade war hits Asia-US rates, capacity withdrawn on Europe routes
- China makes good on vow to buy US farm products ahead of trade talks
- Huawei Technologies first half revenues rise 23pc to US$58.3 billion
- NYK back in the black with quarterly profit rising to US$84.10 million
- Hamburg inland boxes up 20pc, growth hindered by low water on the Elb
- Gdansk lifts record 27.3 million tonnes in first half, closes in on Petersburg
- World shipowners urge restraint after Iran seizes tanker in Strait of Hormuz
- British Airways locked in negotiations to avert strike by pilots
- SIA profit falls 20.7pc to U$80.7 million as revenues rise 6.7pc
- China disputes FedEx on 'misdirected' Huawei parcels, continues probe
|AUGUST 5, 2019|
- APM Terminals Maasvlakte II increases rail service to major inland logistics hub
- HFW expands Singapore shipping practice with key hire
- Höegh Autoliners loads longest break-bulk unit on RoRo in Ennore
- MOL launches working group for zero emission alternative fuel
- PSA International acquires Halterm Container Terminal in Canada
- ZEAMARINE secures largest contract to date
- Coal imports likely to rise by 13 pc to 185 mt in 2019
- APM Terminals keen on enhancing trucker experience
- Quarterly port customers meet held at JNPT to discuss various strategic initiatives under way
- Ship agents welcome Mumbai Port's decision to raise draught level to dock vessels during low tides
- India only major Asian nation growing its export share since start of tariff wars in 2018
|AUGUST 6, 2019|
|AUGUST 5, 2019|
- 'Trouble ahead' for carriers as US/China trade spat heats up again
- ASEAN road specialists get a boost as trade war escalates and factories shift
- Major shippers quick to form a link with new IBM blockchain solution
- K Line hit with record $23.5m fine in latest car carrier cartel probe
- HK protests spread to airport cargo operations
- Supply chain radar: Ship-shape at UPS? There's a back story...
- Against the odds: Sympathy for the devil
|AUGUST 5, 2019|
- J.F. Brennan Company named a "Great Place to Work" for third consecutive year
La Crosse, Wis., based marine construction firm, J.F. Brennan Company, Inc., has been awarded a Great Place to Work certification from international research and analytics company, Great Place to Work, with 96
- VIDEO: Auckland orders world's first all electric ship-handling tug
New Zealand's Ports of Auckland Ltd has signed a contract with the Damen Shipyards Group for the delivery of an innovative new vessel. The RSD-E Tug 2513 will be the first fully-electric
- K-Line's criminal cartel conduct brings hefty Australian fine
Japanese shipping company Kawasaki Kisen Kaisha Ltd (K-Line) has been convicted of criminal cartel conduct and ordered by Australia's Federal Court to pay a fine of A$34.5 million (about US$23.4 million). The
- SEACOR buys out minority partner in SEA-Vista
SEACOR Holdings Inc. (NYSE:CKH) reports that it has become the sole owner of its consolidated SEA-Vista joint venture, acquiring through a subsidiary the 49% interest that had been owned by an affiliate
- MOL looks at synthetic methanol as a future fuel
Mitsui O.S.K. Lines, Ltd. (MOL) is looking at synthetic methane as a fuel offering a possible path to meeting IMO GHG reduction targets. The Japanese shipping giant has joined the Carbon Capture
- Some seafarers to get double pay in Strait of Hormuz
The U.K.'s Warlike Operations Area Committee (WOAC) has temporarily designated the Strait of Hormuz as a High-Risk Area from August 2, following government advice to avoid the area unless accompanied by U.K.
|AUGUST 5, 2019|
- UK joins US-led mission to protect Strait of Hormuz
The focus of the new mission sidelines plans for a standalone Europe-led coalition and aligns UK towards US operations and...
- 'Ships for shares' deals set to boost shipping M&A activity
So-called 'ships for shares' deals involve handing over vessels to a listed company instead of going for an initial public...
- New Greek government aims to speed up port privatisation
Newly-installed Greek shipping minister Ioannis Plakiotakis has said that the government intends to speed up upgrading of the country's maritime...
- Performance Shipping takes first former Maersk tanker
Two tankers to join the existing company fleet of four container vessels comprising two post-panamaxes and two panamaxes
- Belfast yard Harland and Wolff to enter administration
Norwegian owners Dolphin Drilling fail to find buyer and BDO is called in to act as administrator, ending 158 years...
- M/Maritime takes delivery of Mitsui ultramax
Expanding Greece-based M/Maritime continues to develop its Japanese-built dry bulk fleet with its fifth ultramax and 10th vessel overall on...
- Demolition rates hit lowest point for nearly two years
Payment for dirty tankers per long ton light displacement (LDT) in the Karachi to Chittagong area slumped to between $388.75...
- Liner reliability improves markedly in second quarter
Carriers have come increasingly under the spotlight for service reliability, following their worst year on record in 2018
- Singamas completes sale of dry box business to Cosco Shipping
Takeover deal will make Cosco Shipping's container making unit the world's second-largest player in the sector, second to only China...
- World boxship fleet update: ULC deliveries boost fleet capacity
Scrapping takes a back seat as new vessels see boxship fleet capacity sitting at over 22.m teu
- MOL sets up working group for zero-emission alternative fuel
The group will also engage in study and promotion of the fuel in co-operation with other industries, companies and government...
- Daily Briefing
UK freeport plans to 'turbo-charge' economy receive underwhelming reception | Latest tariffs in US-China trade war unlikely to boost box...
- Global shipowners urge immediate action in Strait of Hormuz
The organisations will continue to work with all relevant authorities to ensure the safety of merchant shipping in the region
- WOAC designates Strait of Hormuz as High-Risk Area
The temporary agreement applies to all vessels entered into the UK Chamber and the clauses are invoked if flag state...
|AUGUST 5, 2019|
- LA-LB ports say off-dock chassis storage yards essential
- Mexican port chief promotes container cabotage
- COO Tibbetts to leave Virginia port
- Trucking searches for 2020 vision
- Modernization drives flow boost for India's BMCT
- Container contract reliability efforts gaining traction
- Capacity cuts, price hikes lift Asia-Europe rates
- Green container shipping can make economic sense
|AUGUST 5, 2019|
- Scales are tilted in favour of European recyclers, says Sharma
Door remains open for inclusion of Indian yards on Europe's approved list
- India's demo yards clean up their act, says GMS boss
Profits and productivity have risen as compliance with the Hong Kong Convention has spread, says Anil Sharma
- KSS adds VLGCs worth $148m at Hyundai Heavy
South Korean shipowner's latest newbuildings are chartered out to Turkey's BGN International
- US blames training for fatal 2017 tanker-navy destroyer crash
The Singapore Strait crash killed 10 US Navy sailors and injured 48 others
- Shipping stocks pummeled as trade war escalates
Shipping stocks took a beating Monday, while the stock market had its worst day of 2019 thanks to new volleys fired in the US-China trade war. The S&P 500 and Dow Industrial Average both slid nearly 3%, while the Nasdaq Composite fell 3.47% as China allowed the yuan to drop below 7 per dollar. Tanker demand escapes direct impact from Trump's latest tariff rhetoric Shipping stocks drop as Trump'
- US Customs 'very focused' on cybersecurity
Cybersecurity is one of US Customs and Border Protection's top security challenges in protecting the maritime industry from outside threats, according to agency officials. Like several other sectors, it enjoys the speed and volume with which digital information systems send and store data, but at the risk of being exposed to bad actors, said Troy Miller, director of the New York field office. "M
- UK to join US shipping defense coalition
The UK is set to join the US in its efforts to safeguard commercial shipping in and around the Strait of Hormuz. The British government announced Monday afternoon that the Royal Navy will assist the US Navy in the highly-sensitive waterway in an "international maritime security mission" following recent strife in the region. "The UK is determined to ensure her shipping is protected from unlawful
- Administrators appointed to Harland & Wolff in buyer search
Closure threat faces Belfast shipbuilder but workers continue urging government to renationalise yard
- US investor Varde Partners tipped to sell brace of veteran VLCCs
Finance specialist Varde Partners is said to be selling two of its three VLCCs at firm prices. The Hyundai Samho built 319,000-dwt Energy R and Power D (both built 2003) are reported tied up on subjects for $28.5m. Neda and Ridgebury VLCCs fetch premium prices from conversion buyer Yinson Varde Partners plots long-term stay in shipping industry hit by dislocation in funding The figure compares
- Global Ship Lease looks to refinance chunk of $900m debt
Listed owner targets savings of $10m per year on major credit facility
- Russia shipping oil to Venezuela via Malta STS
Vortexa says 435,000 tonnes of oil products transferred to end of June.
- Winners and losers exposed by new dry bulk benchmark study
Pangaea Logistics tops 21 other public companies in its ability to deliver earnings over market expectations
- Angeliki Frangou's Navios Maritime Acquisition sells oldest VLCC
Angeliki Frangou's Navios Maritime Acquisition has taken another step in its VLCC fleet renewal with the sale of a veteran vessel. Angeliki Frangou eyes up VLCC options to renew Navios Acquisition fleet Navios Maritime Acquisition sells oldest VLCC to Nathalin New York-listed Navios Acquisition has offloaded the 305,000-dwt Nave Electron (built 2002), market sources say. A price in excess of $
- Reed Smith: Iran detours pose collision risk
Lawyer Richard Gunn says avoiding Iranian waters could congest an already busy channel.
- Seacor buys out Sea-Vista tanker joint venture
Seacor Holdings has added some petroleum and chemical tankers to its owned Jones Act fleet. The Charles Fabrikant-led diversified owner has acquired a 49% interest in Sea-Vista, which operates nine petroleum and chemical tankers under the Seabulk name, for $106m. Seacor, which previously owned 51% through a joint venture, bought the remaining stake from an affiliate of Avista Capital Partners.
- K Line develops LNG-fuelled 'Wozmax'
Japanese owner teams with Namura Shipbuilding for new bulker design
- Ince names new managing partners in London
Law firm promotes Nick Goldstone and Michael Volikas following Gordon Dadds takeover.
- ESL Shipping's supramaxes turn in loss
Finnish owner's parent Aspo to lower second quarter profit guidance.
- Vale's return may boost capesize rates, but can rally be sustained?
Although freight rates could hit $30,000 per day again, analysts fear improvement may be short-lived
- Benetech takes its tanker tally to 12 with MR unit from Vinalines
Michael family-controlled shipowner emerges as buyer of product tanker from Bien Dong Shipping
- W Marine fuels growth with ship for Indian Ocean trades
Sarantitis-founded company returns to its roots, buying 13-year-old panamax
- Croatia willing to support 3 Maj shipyard
State will help Uljanik group shipbuilder resume production.
- Teenage worker killed in tank barge blast
Three others injured in explosion at Ananda Shipyard in Bangladesh.
- Owners urge action on Hormuz crisis
ICS, ECSA and ASA call on international community to stop escalation of tensions in Middle East Gulf.
- John Fredriksen boosts sale and purchase power with new hire from Torm
John Fredriksen has hired Torm's sale and purchase boss at a time the billionaire shipowner is expected to tighten his focus on shipping asset play. Avance Gas eyes Fredriksen-driven fleet growth and a possible US listing Kent Pischiutta has been recruited to handle S&P business for private Fredriksen vehicle Seatankers and other group companies, including Frontline, Golden Ocean and Ship Finan
- Seafarers set for double pay as Strait of Hormuz declared 'high risk' area
Unions and employers come to agreement over danger money for crew
- Master tested after ship grounded twice
Alcohol detected after breath test on master in Latvia.
- Iran seizes 'tanker' over fuel smuggling
Government claims to have seized foreign vessel carrying oil to "some Arab countries."
- Fewer tanker orders offer prospect of major rate improvements
Contracting has slowed amid challenging rate environment, says Poten & Partners
- Jurong opens new storage facility with eye on IMO 2020
New terminal designed to handle clean petroleum products, including low-sulphur bunker fuels
- SGX to drop LNG indices due to low participation
Sling indices said to have faced competition from more established pricing agencies
|AUGUST 5, 2019|
- Latest tariff threat could cause spike in transpacific container rates
Drewry estimates the latest tariff threat could affect 4 million TEUs of cargo from China to the U.S.
- Shipowners call for 'freedom of navigation'
Three international organizations urge an end to escalating tensions in the Strait of Hormuz as Iranians seize another oil carrier.
- JAXPORT containerized cargo up 89% since 2013
A new report touts the economic benefits from the Florida port and underscores the importance of a harbor-deepening project to accommodate increasingly larger ships.
- Mexico accused of dumping tomatoes
The Florida Tomato Exchange said it looks forward to showing U.S. trade officials that it "has been injured by the surging unfairly traded Mexican imports."
- US adds sanctions for Russian spy poisoning
The State, Treasury and Commerce departments will implement various export and financial transaction restrictions on Russia.
- Executive Moves: Crowley and CCM
- More cross-border freight flows to Canada
- BNSF sees slight revenue uptick
|AUGUST 5, 2019|
- FUTURES: Crude lower amid concerns over US-China trade tensions
"Crude oil futures were lower as global economic outlook dimmed over an escalation in US-China trade tensions," an analyst at Phillip Futures said.
- Neste ramps up sustainable fuel production capacity in Singapore
The expansion will increase Neste's renewable product overall capacity in Singapore by up to 1.3 million mt per annum.