|JULY 8, 2019|
- Asia-Europe rate off 1.9pc to US$688/TEU, USWC dips 4.1pc to $1,649/FEU
- Gibraltar seizes Iranian oil tanker resulting in UK-Iran diplomatic row
- Building has begun on Hapag-Lloyd's record-breaking 13,420 new reefers
- Scrubbers to be installed on 10 Cosco Shipping Lines box ships
- Tianjin port to be transformed through the merger of three box terminals
- Zim to take slots on 2M Alliance's 2nd Asia-US service along Gulf of Mexico
- Port Klang rolls out 2 new systems to ease container lorry traffic
- Hutchison Ports opens new box terminal at port of Veracruz, Mexico
- FedEx is upbeat about outlook for volume growth on Europe to Asia trade
- Swissport opens second warehouse at Vienna airport
- Menzies continues to handle freight for Thai Cargo under new agreement
|JULY 7, 2019|
- 'We welcome the Budget's continued focus on boosting infrastructure'
- Nautical Institute signs MoU with IMO Technical Cooperation Division
- Slight decline seen in contracted ocean freight rates for June
- 'A progressive Budget'
- Sabari Container Terminals celebrates completion of 17 years of operations
- Sector commends Finance Minister for focusing on logistics infrastructure
- Budget outlines connectivity, logistics & infrastructure among key factors to make India a $ 5-trillion economy
- High-level US trade delegation to visit India to find ways to resolve recent trade tensions
- Union Budget proposes CGEC & other measures to enhance capital for infrastructure financing
- FIEO elects Sharad Kumar Saraf as new President
- South East CEO Conclave & Awards 2019 brings the entire fraternity together in Chennai to confer on key issues & acknowledge excellence
- US proposes retaliatory tariffs on another $4 bn of EU goods
|JULY 5, 2019|
- As spot rates tumble, container carriers head cautiously toward the 'peak season'
- Volga-Dnepr U-turn on its decision not to work with air charter brokers
- Port of Rotterdam expansion sparks call for urgent expansion of Rhine freight corridor
- E-commerce growth drives warehouse demand in India over supply for the first time
- The Morrow Roberson Road Test: Kontainers and Chain.io - a promising partnership
- Indonesian terror group planning attacks on our ships, says China
- Supply chain radar: Why Germany would be nuts to sell DB Schenker
- Supply chain radar: A Ceva Logistics remake? Bring in a Swissport IPO...
- On the wires: John Menzies hammered as 'the sharks are circling'
|JULY 5, 2019|
- Fincantieri Marinette to get $31 million in state grants
Fincantieri Marinette Marine is to receive grants totaling $31 million from the State of Wisconsin for workforce development and shipyard upgrades. The funding was part of Wisconsin's recently signed two-year budget and
- BMT to design new Kitsap Transit fast ferries
Teddington, U.K., headquartered BMT has announced the signing of a contract for two new 43 meter (104' x 37'' x 12.5') high-speed, passenger Fast Ferries for Kitsap Transit, with an option for
- Iran infuriated by seizure of tanker off Gibraltar
The seizure of a 300,00 dwt tanker by Gibraltar authorities early yesterday has provoked angry responses from Iran - and has also ruffled a few diplomatic feathers in Spain. Iran's FARS news
- USCG cracks down on illegal charter boat ops in Virginia water
The Coast Guard has issued another reminder to the public that unlicensed vessel charters are both illegal and unsafe to the consumer. The Coast Guard is currently investigating and issuing violations to
|JULY 5, 2019|
- Iranian tanker seizure could face legal challenge, say shipping lawyers
'I have seen speculation that this was a fuel oil cargo, rather than crude. If that is right and if...
- UK launches maritime innovation hub
Port of Tyne, Nissan, PD Ports and others collaborate to kick off the 2050 innovation hub
- American Hellenic Hull signs up to UN agenda
Fast-growing Cyprus-registered hull insurer is among the first specialist marine underwriters to embrace principles on sustainable development goals being pushed...
- LNG sector turning to long-term vessel charters and offtake
Charter rates and cargo prices in the spot market are nowhere near last year's highs, prompting a U-turn in favour of committing vessels and new...
- Panamax bulkers benefit from strong start to South American grains season
Ultramax bulkers are also expected to share some of the gains from the increased grains flows in the coming months
- Containerships enacts Europe's first simultaneous bunkering operation
Containerships vessel Containerships Nord has become the first boxship in any European port to load and discharge while undergoing ship-to-ship...
- Libyan ports remain closed, Standard Club warns
The Libyan ports of Sirte and Derna remain closed and vessels should avoid the surrounding areas, the Standard Club has...
- Riseborough to retire after 40-year career in container shipping
Closely involved in events that changed the course of container shipping in a career spanning 40 years, Rod Riseborough is...
- More leading carriers add war risk charges
Major box lines add emergency surcharges following attacks on tankers in Strait of Hormuz
- Gibraltar extends detention period for seized tanker
Gibraltar has been granted an application to extend the detention of the Grace 1 tanker for another 14 days. An...
- Hong Kong port tug operator invests in new high-spec tugs
Swire and Hutchison-owned Hongkong Salvage and Towage made the decision on the tugs two years ago as they try to...
- EU told to end protectionist stance and back Hong Kong Convention
Conference hears there is anger in the shipping community about the EU's ship recycling policies and that despite advances in...
- Daily Briefing
Gibraltar tanker seizure triggers Iran-UK diplomatic row | Shipping emissions data has to be reliable | Steamship Mutual defends 116% combined...
- The Interview: Christian R Gonzalez
The global corporate head of International Container Terminal Services Inc explains how the terminal operator intends to build a future...
- Blacklisted Italian shipowner bankrupted by US sanctions now removed by Ofac
PB Tankers said its vessels are ready to trade again but declined to provide further details on its bankruptcy, including...
|JULY 5, 2019|
- US ports running smoothly ahead of expected 'normal' peak
- Asia-Europe rate push fails ahead of capacity cuts
- BCOs seek short-term chassis relief as overhauls stall
- India considers ways to boost transshipment
- Rail is critical link in chassis solution
- Less logistics cross-training stifles container solutions
|JULY 5, 2019|
- Greek authorities find millions in drugs in shipping container
Greek authorities have seized more than €500m ($561m) in amphetamines smuggled in containers shipped from Syria. According to Reuters, Greek law enforcement found 33 million pills of Captagon - a brand name of the drug fenethylline hydrochloride - weighing 5.25 tonnes in three containers. Authorities are reportedly investigating the possibility the pills were destined for China. Grimaldi ro-ro c
- Coast Guard searches for crewmember overboard
The US Coast Guard is searching for a Carnival crewmember who fell overboard Thursday. The agency said the 2,758-berth Carnival Victory (built 2000) notified watchstanders that a 37-year-old worker had fallen overboard 30 miles northwest of Cuba yesterday. The Coast Guard said it deployed a sentry plane and a cutter to conduct the search. The Victory regularly sails from Miami to locations in t
- Ridgebury Tankers sells VLCC as price spike extends
Bob Burke's Ridgebury Tankers is set to pocket a tidy profit from the sale of a VLCC bought only 18 months ago Ridgebury surprised the market with an eye-catching swoop for three tankers from DHT Holdings and one from Euronav in late 2017. Volatility and liquidity key to Burke's VL buys Ridgebury Tankers spree shows there is life in old VLCCs DHT Holdings sells trio of veteran VLCCs The compa
- Singapore: no info on Malacca attack threat
Singapore has said it has received no information on immediate threats to shipping in the Straits of Malacca following a warning from China this week. Neither has it received any intelligence on imminent attacks to Singapore-flagged vessels, port authority MPA said. On Wednesday, China's Ministry of Transport (MOT) alerted China-flagged ships transiting or bound for the Malacca Straits to an e
- Golden Energy Offshore puts newbuild to work
Norwegian owner secures AkerBP charter for new Chinese-built PSV
- Maersk Line joins rivals in adding Middle East premium as tensions grow
The world's largest container line has followed its peers in ratcheting up its prices for shipping boxes in the Middle East amid growing hostility in the area. Hapag-Lloyd latest to add war risk surcharge to Gulf boxes Maersk Line announced the additional fee of $42 per container just weeks after two tankers were attacked in the region, in an incident which captured global headlines. Rising cos
- Gibraltar: no political pressure to detain VLCC
Government says action taken solely on belief tanker had breached EU sanctions
- DeepOcean to install Equinor boosting station in North Sea
The billion-krone boosting station will increase production at the Vigdis field by almost 11 million barrels
- Nick Fisher back in shipping with ADNOC
Former Masterbulk boss takes deputy CEO job at oil company's shipping arm.
- James Fisher and Sons names new chief executive
After 15 years, Nick Henry is stepping down from the top job at the marine services firm
- Newbuilding prices hint at reversal from two-year highs
Newbuilding prices may be softening following a sluggish first half for the world's shipbuilders, according to a leading Greek shipbroker. It comes with each of the core markets seeing a sharp slowdown in newbuilding business in the opening six months of 2019 and what some believe is a record low in the second quarter. The past week has seen a spike in deals for new tankers at South Korean shipy
- Cosco lines up scrubbers for 23 vessels
Finnish supplier Valmet wins deal for 10 exhaust gas cleaners
- Bondholders give MPC Containerships green light for scrubber retrofits
The boxship owner can spend the sales and insurance proceeds from a boxship that ran aground last year
- First US-produced ethane heads to China on Evergas ship
Ship forges new trade route west out of the US exports as the country's volumes gear up
- DSME finishes first half with just one third of 2019 order target reached
DSME has closed the first half of 2019 with just one third of its full-year order target secured. Angelicoussis back at Daewoo for another LNG newbuild Politics, price and succession shape Hyundai Heavy and Daewoo mega-merger Daewoo Shipbuilding & Marine Engineering to sign off with second successive profit The South Korean shipbuilder, which is set to merge with rival Hyundai Heavy Industr
- Polys Hajioannou expands private bulker fleet
Greek-Cypriot owner acquires a 10-year old panamax, remaining loyal to Japanese-built tonnage
- Ex-CSIC exec Sun Bo jailed for 12 years
Chinese state media said sentence for bribery is "lenient"
- Panama kicked Grace 1 off register in May
Registry removed seized VLCC from its books after international alert
- John Angelicoussis clears out vintage ships with second veteran sale this week
Greek owner John Angelicoussis appears ready to clear out his vintage ore carriers. TradeWinds reported earlier this month that his company Maran Dry Management is to sell its oldest unit, the 246,000-dwt Zhongte (built 1989) for recycling. John Angelicoussis sells oldest bulk carrier for demolition Chinese yard group's CISC and CSSC reunite to create super giant after 20-year divorce Dry bul
- NS United seeks sale of VLCC in latest deal to test tanker asset price progress
Japanese shipowner NS United is marketing one of its two VLCCs for sale at a time when the spotlight is on the sector for further evidence of asset prices moving up. Ghassan Ghandour tipped to double his VLCC fleet with secondhand swoop Arne Fredly's Hunter Group poised to pocket highest VLCC resale price in half a decade Shell advances pioneering LNG-fuelled VLCC project A select group of pro
- VLCC seizure sparks Iranian fury
UK ambassador summoned as Gibraltar boarding branded 'illegal'
- Crew rescued from grounded cargoship
Chinese authorities have rescued all 13 crew from a grounded domestic cargo vessel. Xinhua cited the Donghai Rescue Bureau of the Ministry of Transport as saying the Rong Hai 79 issued a distress signal on Thursday afternoon off Nanri island in Fujian. A rescue ship and helicopter were sent to the scene. The vessel picked up the crew. A tug was due to head out to the stranded cargoship.
- OneBulk partners in talks to boost fleet
New alliance of Berling, Nordic Hamburg and Oskar Wehr optimistic its fleet will grow further this year
- Hapag-Lloyd latest to add war risk surcharge to Gulf boxes
German liner operator to implement vessel risk surcharge from the middle of July
|JULY 5, 2019|
- More carriers implement war risk surcharges
Container carriers implement charges on ships sailing through the Gulf of Oman and Persian Gulf.
- Retailers: Keep automation decisions local
The California Retailers Association opposes a bill to have the State Lands Commission approve port automation.
- MSC plans general rate increase
A $1,000 increase is announced for 40-foot containers moving from Asia to the U.S.
- Maritime History Notes: The Cuban rail ferries
The Florida East Coast Railroad's ships ran a regular and profitable service from 1915 to 1940.
- Engineer found guilty of illegal circuit exports to China
- SSA Marine repowering Oakland container yard cranes
- Lessors warn misuse of containers growing
- BIS annual conference next week
- Morgan assumes acting CBP commissioner role
- New World army ants stopped by CBP in Florida port
|JULY 5, 2019|
- Fujairah Q2 bunker demand falls 16% on shipping tensions: sources
Recent attacks have raised shipping security concerns and boosted insurance premiums for bunkering, sources said.
- INTERVIEW: ExxonMobil announces low sulfur EMF.5 range; extends supply reach
"We will continue to expand our presence ahead of the 2020 deadline," Volta said.
- Singapore light distillate stocks slump as gasoline exports continue to rise
Stocks of light distillates dropped by a sharp 6.6% on the week, totaling 11.428 million barrels in the week ended June 30, Enterprise Singapore data showed.