|AUGUST 7, 2019|
- 'General strike' strong at HK airport, hits passenger transport hard
- Canadians find save-the-whale speed limits put them in danger
- Mexico tops China as No 1 US trading partner for first time since 2005
- CMA CGM 3,430 TEUer collides with ferry off Tangiers, no one hurt
- Global box ports expected to grow 4.4pc a year to 973m TEU by 2023
- Nansha port attracts 2M's AE7/CONDOR Asia and Europe loops
- China's service sector still growing, but factory output slows in July
- US court upholds contempt order against Chinese banks for not disclosing
- XPO Logistics first half profit up 4pc to US$798 million as sales fall 2.4pc
- Djibouti government continues legal action to oust DP World from port
- DSV-Panalpina merger brings 'economies scale and improved rates'
- Puerto Aguadulce wins OAS award for lifting Colombians out of poverty
- CEVA moves into South Korean e-commerce market on behalf of iHerb
- Air France-KLM first half cargo revenue falls 0.5pc to US$1.2 billion
- IAG Cargo H1 sales off 3.2pc to US$312.2 million, blames global trend
|AUGUST 6, 2019|
- HMM attains new high in schedule reliability
- P. D. Prasad & Sons granted AEO-LO certification
- Piracy situation generally calm in South-East Asia, but three danger zones remain, says report
- Export of cotton yarn down in Q1
- JSW Jaigarh Port handles highest sugar traffic amongst non-major ports
- NHAI organises roadshow for third phase of TOT project for prospective bidders
- Amendment in exchange rate of Japanese yen for import & export goods notified
- RoSCTL to replace MEIS as export incentive scheme
|AUGUST 7, 2019|
- Seeking investors worldwide
|AUGUST 6, 2019|
- North Europe shippers face new capacity crunch, as more loops are axed
- Post-Brexit freeport 'gateway to prosperity' plan comes under fire
- US truckers hit a bumpy stretch on the economic freeway
- Kotug Smit tugs to be rebranded as Boluda takes over
- Panama Canal doing its bit to save the planet, and the whales
- Supply chain radar: ATSG beats Atlas Air - time to aim for the bigger bird, Amazon!
- Supply chain radar: Expeditors' interims - expect more questions than answers
- On the wires: DHL GFF the top performer within DP-DHL, but it gets tougher from here
|AUGUST 6, 2019|
- Canadian Coast Guard to procure six new icebreakers
The Canadian Coast Guard is to procure six new program icebreakers to replace the heavy and medium icebreakers that operate in Atlantic Canada and the St. Lawrence waterways during the winter and
- Philly Shipyard starts work on MARAD ship
Philly Shipyard, Inc. has begun work on its first contract to perform modernization, repair and maintenance work on a government ship, the SS Antares. The SS Antares, an Algol class vehicle cargo
- Bristol Harbor Group, Inc. completes tailrace buoy design
With the fast water warning buoys at the Moses-Saunders Power Dam in Massena, N.Y., reaching the end of their life cycle, the New York Power Authority (NYPA) contracted Bristol Harbor Group, Inc.
- Harley Marine wins $86.5 million TRANSCOM contract
Harley Marine Services Inc., Seattle, Wash., has been awarded a firm fixed-price contract, in the estimated amount of $19,819,032. The contract provides for the transportation of Department of Defense-owned fuel and marine
- VIDEO: Japanese companies plan world's first all-electric tanker
Four Japanese companies - Asahi Tanker Co., Ltd., Exeno Yamamizu Corporation, Mitsui O.S.K. Lines Ltd., and Mitsubishi Corporation - have formed a strategic partnership to provide new infrastructure services that focus on
- Euronav sells oldest VLCC for FPSO conversion
Antwerp, Belgium, headquartered Euronav NV reports that subsidiary Euronav Luxembourg has sold the 2005-built, 305,261 dwt VLCC vessel VK Eddie , the oldest VLCC in its fleet, to a global supplier and operator
- Port of Wilmington handles giant wind turbine blades
GT USA Wilmington reports that it recently safely and successfully handled the largest wind turbine blades ever received at its Wilmington, Del., terminal recently, unloading and transferring 39 blades over two days.
- NTSB cites "lack of operational oversight" in McCain collision
The National Transportation Safety Board says that the Aug. 21, 2017, collision between the USS John S McCain and the tanker Alnic MC was caused by insufficient training, inadequate bridge operating procedures
- Rolls-Royce Power Systems business to restructure its brands
The Rolls-Royce Group says that its Rolls-Royce Power Systems business unit, with its core brand MTU, is to "present itself more clearly in future as an integral part of the British Rolls-Royce
|AUGUST 6, 2019|
- Ships leave UK flag amid Hormuz threat
Shipping companies begin to ditch UK-ensign in favour of re-flagging with other nations to avoid wrath of Iran
- Venezuela offsets US sanctions via ship-to-ship network off Malta
Lloyd's List Intelligence data shows that at least 10 chemical or product tankers have undertaken ship-to-ship transfers off the coast...
- Greek shipowners say maritime policy makers must do better
Climate change agenda singled out for biggest criticism by Greek shipowners in annual report. UGS says the political pressure being...
- S&P revises outlook on London P&I Club to BBB negative
Marine mutual attributes development to new methodology at ratings agency and stresses its strong capital position and balance sheet
- Danaos eyes strong charter market due to 2020 supply hit
Reduced debt servicing costs help Greece-based containership owner boost second-quarter profit
- Grangemouth-Tilbury container rail service made permanent
The first train will leave Tilbury on Friday evening, via Dagenham, travelling overnight to Grangemouth, Scotland
- DB Schenker launches 'connect 4.0' freight booking portal in US
DB Schenker said the new portal will go beyond its current online platform in the US, eSchenker
- Strikes show Hong Kong's mettle
Hong Kong's legal independence and adherence to rule of law set it apart and form the bedrock of the city's...
- ULCs go for scrubber retrofits
Four vessels owned by CMA CGM and MSC have been reported out of service since last month. All four are...
- MOL joins domestic trio to develop fully electric vessels
The new company will also develop a platform to provide a line-up of services that take advantage of electrically powered...
- Daily Briefing
UK to join US-led international maritime security mission | 'Ships for shares' deals set to boost shipping M&A activity |...
- Samudera sells two bulkers for $20.3m
Samudera will pump in some of the funds from the sale to fund a potential investment in a company that...
- US Navy's 'lack of operational oversight' behind 2017's Singapore Strait collision
Safety recommendations suggesting new guidelines and revisions to operating procedures and manuals have been made in the wake of the...
- Pacific Basin chief bullish on market prospects for the second half of the year
The company is preparing for the 2020 regulations by using compliant fuels in its handysize fleet in combination with installing...
|AUGUST 6, 2019|
- New Montreal trade zone to aid exporters
- Western Canadian port deal should ease automation
- AOBRD transition to ELDs to trim truck capacity
- Asia-Europe rates undermine container volume gains
- New tech means new finance options for shippers
|AUGUST 6, 2019|
- Inland Chinese port to launch direct liner service to Japan
Market sources are sceptical about the economics of a long-distance service to Japan from central China
- Higher revenues can't pull DHT out of red
Surging tanker rates helped DHT Holdings to better year-over-year results, but the tanker owner remained in the red for the second quarter. After the close Tuesday, the New York-traded company posted a $10.5m loss for the second three months of 2019 versus a $28.2m loss for the same period last year. The improvement was down to increased revenues - for the second quarter of 2019, the company rod
- Capesize rates continue to pull down Baltic Dry Index
The BDI has fallen for the 11th straight day to 1734, its lowest point in a month.
- Pacifica Shipping boosts container capacity with former Leonhardt & Blumberg ship
New Zealand subsidiary of China Navigation Co to take over recently acquired boxship
- New York judge kicks out shareholder lawsuit against Top Ships
Federal judge in New York finds no evidence of securities fraud in dismissing complaint with prejudice.
- PetroChina pays up for steam-turbine ship from Golar LNG
PetroChina has fixed a 13-year-old, steam turbine-driven LNG carrier on time charter at a strong rate as the LNG shipping market tightens. In busy chartering conditions, brokers said PetroChina has paid a rate in the $50,000-per-day range to take Golar LNG's 146,000-cbm Golar Maria (built 2006) for 12 months. LNG carriers snapped up for multi-month business Previously, brokers have pegged rates
- Stena Bulk hits out at Iran as tanker detention continues
The crew remains in good health, the company said
- Yonghua Shipping orders tanker at AVIC
Chinese owner adds to two-ship fleet with newbuilding contract.
- Clarksons: hot VLCC rates 'the exception not the rule'
VLCC owners have spent well under half of the past two decades with rates above $50,000 per day, proving spike level earnings are generally the exception not the rule, Clarksons says. Trade growth a concern as shipping rates inch above post-crisis average Over 10% of world fleet will have scrubbers at start of IMO 2020, says Clarksons The shipbroker charted rates from the start of the century t
- GEV agrees more time to finalise $1.2bn order
Australian group has until 31 December to firm deal for up to eight CNG vessels.
- Solstad finds new owner for veteran PSV
Norwegian company continues clear-out of elderly tonnage.
- FSL pushes up profit as costs cut
Singapore tanker owner exploring strategic initiatives for growth.
- Corsica Linea becomes a shipowner with new order
French operator contracts LNG-fuelled ro-pax at Visentini in Italy.
- International Group members under pressure to raise rates
The 13 insurers in the International Group of Protection & Indemnity Clubs are coming under growing pressure to increase premiums at the next renewal after the outlook downgrade of the London P&I Club. The change in Standard & Poor's assessment of the club is the clearest indication yet of the negative impact of widespread underwriting losses that were reported by International Group members last
- Credit rating agency S&P cuts outlook at London P&I Club
Mutual to take steps to improve its underwriting performance and boost revenue after ratings review
- Bulker blues turn Atlantska red
Revenue drop pushes Croatian owner to loss in first half.
- Best Oasis expands footprint with Greek branch
Major cash buyer Best Oasis Ltd (BOL) has set up a Piraeus office dedicated to servicing the Greek market. Alang-based BOL, a unit of Indian shiprecycler Priya Blue Industries, has chosen Yiannis Kourkoulis to man the new Greek branch, which began operations on 30 July. "BOL has been expanding for quite some time and we thought it was a very good time to do so in Greece as well," said Kourkoulis
- Unions deliver water to detained Bluships bulker
ITF says Lita was the subject of protest over working conditions.
- MR 'thrill' is gone for TNG as profit disappears
Croatian MR owner blames falling rates as it backs more time charter coverage.
- Dof PSV heads down under for five-year contract
One of Dof Rederi's platform supply vessels (PSVs) has secured a five-year contract down under with Esso Australia. The 4,700-dwt Skandi Feistein (built 2011) will begin the contract with the energy company before the end of 2019. Upturn offers hope for a few idle OSVs - but not the many Mons S. Aase, chief executive of Dof, the shipowner's parent company, called the contract "a very important
- MacGregor to support 1,000 Cosco ships
Cargotec unit MacGregor has signed a framework deal to supply spare parts to Cosco Shipping's fleet of more than 1,000 ships. The deal also includes servicing. "We are looking forward to increasing our collaboration with Cosco Shipping," said John Carnall, SVP of global life-cycle support at MacGregor. "The framework agreement provides for the scope of support services supplied to Cosco Shipp
- Hunter Group pulls $8m follow-up offering
Norwegian VLCC company says current price makes deal bad value for shareholders.
- Oceanis ship finance platform claims to hit $150m target
A digital ship finance venture is bringing new players to a market crying out for finance, its founder claims
- New Steamship Mutual boss sees no reason to change club's course
Chief executive Stephen Martin says balance sheet proves P&I mutual is right to snub diversification and will continue to focus on its core business lines
- Borealis confirms boxship sale for $8m
Owner says 2005-built Strauss has been delivered to new owner.
- Oldest Euronav VLCC sold as FPSO
Belgian owner books capital gain of $14.4m on sale of VK Eddie.
- Malta rings changes to attract leaseback deals
Shipping register allows dual registration for lessor and lessee as it chases lucrative market.
- MOL leads Japanese team in electric shipping drive
e5 Lab will work to develop and promote the greater use of clean modes of marine transport
- Samudera Shipping offloads modern handymax bulker duo
But Fearnleys and VesselsValue have differing opinions over true value of vessels
- SSY: Demolition keeps a brake on capesize fleet growth
In contrast 2019 set to be strongest year for panamax deliveries in past five years
- Trio of "danger zones" dominate Southeast Asia piracy
Semi-annual regional piracy report highlights potential regional flashpoints
|AUGUST 6, 2019|
- Jack Cooper makes it official: chapter 11 and a restructuring
Jack Cooper Ventures says it will be "business as usual" as the auto hauler undertakes a restructuring. As the Teamsters signaled earlier today in a...
- Fleetcor sees many opportunities for growth
Fleetcor modestly raises earnings guidance and says the acquisition pipeline has a couple of likely deals in the fuel, corporate payments and lodging segments.
- Surveys: Consistent deliveries at heart of 'spoil me!' online ordering culture
Online customers expect to be spoiled and consistent delivery experiences are the core of meeting those needs, two surveys found
- Commentary: Why everyone is missing the point on Convoy's empty miles research
Empty miles are a billion-dollar problem for trucking fleets, but are they more of a problem than they were in 2002? Recent headlines indicate they...
- Avoid potential hiccups by switching telematics devices before December deadline
Carriers waiting to implement ELDs until the last minute run the risk of hardware shortages, training slowdowns and fines on the highway.
- Commentary: Competition in e-commerce is heating up!
Global e-commerce continues to grow, and grow, and grow. Market voice Brian Aoaeh writes about the move of e-commerce giants to establish their own fulfillment...
- MercuryGate adds Uber Freight's capacity and pricing to TMS
Starting today, shippers using MercuryGate's transportation management system (TMS) will have access to Uber Freight's network of carriers, guaranteed capacity and real-time market rates, MercuryGate...
|AUGUST 6, 2019|
- FUTURES 5: Oil slide extends as demand growth concerns deepen
Oil futures settled lower Tuesday as demand-growth concerns continued to stalk the market following the escalation of US-China trade disputes.
- US Aug middle distillate deliveries to Europe 670,000 mt: cFlow
Larger volumes of diesel were expected to come form the US in August than in July since the diesel arbitrage from the US to Europe finally re-opened last month
- Singapore delivered/ex-wharf 380 CST bunker spread shrinks as prompt tightness eases
"It doesn't feel as tight as last week, we were more than 10 days tight last week," a Singapore bunker supplier said.
- DUBAI FUTURES: Dubai/Brent narrows as bullish sentiment for Middle East crudes persist
"Dubai intermonths remained supportive because Asian refinery demand is strong helped by healthy product cracks," a crude trader said.
- UK joins US in Persian Gulf maritime security mission
The mission is intended to improve coordination between different countries' militaries and commercial shipping, the Ministry of Defence said.
- ICE LSGO speculative net length up 8,140 contracts on week
"Nobody really knows what position to take today," a barge trader said.