|JULY 9, 2019|
- Samsung finishes world's biggest box ship - 23,756-TEU MSC Gulsun
- Singapore starts land reclamation for phase 2 Tuas mega port
- US asks court to quash Huawei lawsuit on national security grounds
- Drewry downgrades box volume growth forecast to 3pc this year
- More automated container terminals over next 10 years: Moody's
- CMA CGM invests in Notilo Plus drone to inspect its vessels underwater
- UN's IMO gives NGO Nautical Institute role in regulatory compliance
- Maersk to make weekly calls and NZ's South Island's Timaru port
- China defies US sanctions against Iranian oil, extends economic lifeline
- Brookfield to buy Genesee & Wyoming railways for US$8.4 billion
- Korean Air to shut cargo terminals in major cost-cutting drive
- Shenzhen's SF Airlines launches route connecting Urumqi to Almaty
- Garuda plans to launch drone to make deliveries to remote areas
- Etihad Cargo shuns 'bad revenue', fine-tunes its network strategy
|JULY 8, 2019|
- Alfredo Scalisi appointed General Managerof La Spezia container terminal
- Bahri launches 'iSupplier' platform to streamline procurement
- Changes to Indian Sea Cargo Manifest regulations from Aug. 1
- CMA CGM to improve its FAL 1 & FAL 3 services
- Extra Risk Coverage Surcharge in Middle East
- Gujarat Maritime University conducts interactive session in Bengaluru on career prospects in maritime industry
- Hapag-Lloyd places record order for reefers
- Joint industry project to develop 220k LNG carrier with Mark III containment system
- Overweight Surcharge (OWS) on cargo bound for Chittagong
- ZIM further expanding its strategic operational cooperation with 2M Alliance
- DP World, UAE Region launches major initiative to attract Indian trade & investments to Jebel Ali Port & Jafza
- First blockchain container shipped to Rotterdam port
- KoPT resumes container handling at Kidderpore Dock after 10 years
- PSA's Chennai International Terminals wins 'Container Handling Terminal of the Year' award at South East Cargo & Logistics Awards 2019 for third consecutive year
- Dedicated Freight Corridor project to be completed by 2022
- Budget a roadmap for New India but govt should look into extending reduction in corporate tax to all companies, says FIEO
|JULY 9, 2019|
|JULY 8, 2019|
- Pilots union must stop interfering with Atlas Air operations, rules US court
- DHL Freight announces peak season surcharge for shipments across Europe
- Australian stevedores are 'turning on the money tap again'
- RZD Logistics launches more China-Europe overland services
- The rise of drop shipping, as online merchants look to jettison inventory
- Loadstar Striders hit their peak - 24 times, and all in a good cause
- Chris Grayling accused of trying to 'silence' hauliers on no-deal Brexit
- Ian Martin Jones: funeral details announced
- Market Insight: DSV + Panalpina - from 'trouble in paradise' to the modern Viking Ironclad Age (Part I)
|JULY 8, 2019|
- USCG issues cybersecurity alert
In a Marine Safety Alert issued today, the U.S. Coast Guard says that, in February, a deep draft vessel on an international voyage bound for the Port of New York and New
- MAN signs global agreement with Wallem
MAN Energy Solutions has signed a Global Key Account Management contract with Hong Kong based Wallem Group. The contract covers the supply of spares and services to MAN main engines, generators and
- VIDEO: SHI delivers world's largest containership
South Korea's Samsung Heavy Industries (SHI) says that it has successfully completed construction of the world's largest containership three weeks ahead of the contracted delivery date. The ship, the MSC Gulsun, is
- Sapura inks optimized maintenance deal with Wärtsilä
Sub-sea services specialist Sapura Brazil has signed a five-year optimized maintenance agreement with Wärtsilä. The agreement covers Sapura's six pipe-laying support vessels (PLSVs), which are fitted with Wärtsilä 32 engines and Wärtsilä
- Key Turkish shipowners opt for Alfa Laval BWTS
The Turkish Shipowners Ballast Water Treatment (BWT) Group, which has around 50 members, has signed a fleet agreement with Alfa Laval worth around $23 million covering the installation of PureBallast 3 systems
- Kongsberg offers a more silent propeller
Norway's Kongsberg Maritime has adapted a propeller concept used in naval applications to lower vessel sound signature and is offering it to commercial shipping customers to reduce the effect of underwater radiated
|JULY 8, 2019|
- Gibraltar says seized tanker was fully loaded with crude oil
Gibraltar government claims Grace 1 was carrying crude oil at full capacity after lab testing
- Greece names Ioannis Plakiotakis as shipping minister
Maritime brief will Plakiotakis' first full ministerial post, but he has twice served as deputy minister in previous administrations
- The Entrepreneurs
Most start-up businesses are doomed to fail, but the process of collaborating, innovating and ingesting new ideas and companies into...
- Deutsche Bank will maintain shipping coverage
'My franchise remains firmly intact' - Deutsche Bank director of transportation and shipping Amit Mehrotra
- Maritime joins Pride 2019 in London
Marching at Pride is significant in improving diversity and inclusion for LGBT+ people in all maritime areas, says Nautilus International...
- Shipping offers new Greek government challenges and opportunity
The new Greek government of Kyriakos Mitsotakis can call on the highly productive maritime industries to boost efforts to further...
- West Africa is world's worst hot spot for pirate attacks, IMB reports
In the first half of 2019, 92% of hostage-takings took place in the Gulf of Guinea
- Japan trials low-sulphur fuel on coastal routes
The ministry said it did not face any problems during the trial, which took place on June 27 on steel...
- Data shows almost 200 vessels scrapped in second quarter
Five workers lost their lives in the second quarter of 2019 as the country recycled 70 vessels
- DryShips hires advisers to assess Economou offer
Special committee of disinterested directors has retained Evercore as financial adviser and Fried, Frank, Harris, Shriver & Jacobson LLP as...
- Stuart Nicholls
"Entrepreneurship in shipping is in a good place right now"
- Tuomas Riski
"It's quite challenging to run a start-up in such a conservative industry"
- Shachar Tal
"The only thing that separates you and success is dedication, tenacity and an unswerving conviction that what you're doing is...
- Noah Silberschmidt
"There is now a clear and pressing need for clean technology to reduce fuel costs and emissions - this makes...
- Mogens Mathiesen
"The main barrier to entry is access to data - a lot of the value comes from small entrepreneurial companies...
- Kjell André Engen
"A lot of people believe that innovation is about technology. It's not. Innovation is about matching industry expertise with attitude and...
- George Mangos
"The question of how you get a good idea to meet capital, and then turn it into reality is all...
- Deanna MacDonald
"The traditional venture capital model is broken - it's based on value extraction and maximisation of profit for the shareholders...
- David Siegel
"Shipping's mindset is changing when it comes to the potential of technology"
- Chris Jones
"Entrepreneurship is necessary for shipping's survival"
- UN orders Nigeria to release Swiss tanker
The International Tribunal for the Law of the Sea rules that not only has San Padre Pio been detained for...
- Baltic Exchange's 74,000 dwt panamax index to be derived from fixed value
The 74,000 dwt assessment for any contracts still trading will be derived from a fixed value average differential with the...
- Chinese trade in contraction territory, says DHL
DHL sees China's foreign trade increasingly weighed down by its trade battle with the US and slowing domestic demand
- Iran says seizure of oil tanker was 'threatening act'
Iran's Defence Minister Amir Hatami condemned the seizure of the tanker during a speech broadcast live on state television, while...
- Cosco Shipping Heavy Industry agrees scrubber production deal with Wärtsilä
Wärtsilä already has production tie-ups with various other Chinese companies
- Cork sets out growth vision with new container terminal
Irish port seeks higher volumes, despite looming disruption from Brexit
- Daily Briefing
Gibraltar extends detention period for seized tanker | Tanker seizure could face legal challenge | More leading carriers add war...
- Cosco Shipping Development names Wang as chairman
Former chairman Sun Yueying, 61, has retired from the office
- California lawmakers to consider bill restricting port automation
The hearing comes just days ahead of a meeting of Los Angeles port commissioners who have been instructed to reconsider...
- DP World terminals hit by national strike in Australia
The action is re-emerging after a ceasefire agreed in April seems to have broken down
- APL to launch new Central America service
A weekly call in Kingston, Jamaica will also enable shippers to pick up cargo from APL's Asia Colombia Express service...
- US dry bulk ETF outperforms all others
The fund, based on futures prices, outperformed all others in the second quarter
|JULY 8, 2019|
- UP to penalize missed intermodal deliveries
- Key users back APM's Los Angeles automation plan
- US importers accelerate SE Asia sourcing
- New service builds on PortMiami's rising Dominican trade
- Freight 'funnel' narrowing at US-Mexican border
- Australian dockworkers strike against DP World
- Intermodal rail providers prep for smoother peak
- Container lines rein in third-party data sharing
- US vehicle tariffs threaten fast-growing trans-Atlantic trade
|JULY 8, 2019|
- Brookfield adds director to Teekay Offshore board
Brookfield Business Partners has added Gregory Morrison to the board of its takeover target Teekay Offshore. The Vancouver-based offshore player announced that Morrison, the former chief executive of Canadian insurer Trisura Group, would replace Walter Weathers after the close of trading Monday in New York. Brookfield moves to acquire Teekay Offshore Shareholder group decries discounted Teekay
- Low-profile Allseas makes rare ship sale
Allseas has made its first ship sale since Anthony Valmas set up the Greek handysize operator almost 10 years ago. In an inconspicuous but lucrative deal, the Piraeus-based company sold the 28,500-dwt Allstars (built 2000) to Chinese buyers for $4.5m, Greek brokers reported. Valmas, who did not respond to a request for comment, bought the Imabari Shipbuilding-constructed vessel in December 2016
- New bulker orders slow to half of last year's levels
Over-supply, lack of finance and IMO 2020 are holding back newbuilding activity
- Coast Guard suspends search for Carnival crewmember
After nearly two days and thousands of miles, the US Coast Guard called off its search for an overboard Carnival Corp crewmember. The agency said Sunday afternoon that it was unable to locate the worker, who fell off the 2,758-berth Carnival Victory (built 2000) 30 miles northwest of Cuba Thursday. The Coast Guard said the search covered 2,600 square nautical miles over 45 hours and involved two
- Fednav suing Greek owner after open seas engine failure
Canadian owner Fednav is looking to obtain nearly $1.2m in security ahead of arbitration in London over a ship gone bad. The privately-held, Montreal-based company sued late last week in Miami federal court, alleging it suffered seven-figure damages after bulk cargo seeped into fuel tanks and damaged engines aboard the Naviera Ulises-connected 33,600-dwt Gea (built 2005) last year. It seeks to ga
- Panamax bulker market posts massive gains but correction looms
Average panamax rates have risen 31% over the past week, but a market correction could soon be in store.
- Downing dials down holding in Braemar Shipping Services
UK investment firm Downing has trimmed its stake in Braemar Shipping Services for the second time in under one month. Strong newbuilding activity drives better first quarter for Braemar ACM Boxship demolitions on course to double as feeders head to beaches Downing, formed in 1986 by former NatWest Ventures executive Nick Lewis, was the largest shareholder in Braemar at the end of its last fina
- Deutsche Bank team confirms survival
Top analyst Amit Mehrotra tells clients he looks forward to 'dialogue for many years to come' after bank's cut of 18,000 jobs.
- DryShips appoints advisors for George Economou takeover
Financial and legal advisors have been appointed to assist DryShips board members in evaluating George Economou's proposed takeover of the company. George Economou offers to buy DryShips A special committee of DryShips directors has been formed to consider the non-binding offer of $4.00 per share submitted by Economou's privately owned entity SPII Holdings on 12 June. Evercore has been retain
- Study finds scrubbers will have 'serious consequences' on marine life
Swedish analysis says IMO 2020-compliance installations are toxic to zooplankton
- HMM pact with THE Alliance set to shake up East-West trades
South Korean operator's switch from 2M has big implications for rivals - and maybe shipyards
- Oldendorff charters two capesizes from CSIC Leasing
German carrier finds Chinese-built vessels to be of good quality
- Hornbeck Offshore shares up after $100m refinancing deal
Hornbeck Offshore shares are up Monday after announcing a $100m financing deal at the end of last week . The New York-traded, Louisiana-based company announced it had secured the revolving credit facility with unnamed lenders after the close Friday. Offshore rate surge helps Hornbeck refinance Hornbeck losses deepen in first quarter In early trading Monday, shares were up four cents, or 3.33%
- Warmbier parents file claim against North Korean ship
Family of US student who died after North Korean imprisonment seeks to recover award.
- GC Rieber adds five months to OSV deal
Norwegian owner extends charter with European client.
- BP 'holds back' tanker in Gulf due to Iran threat
Report claims British Heritage called off loading in Iraq and is now at anchor off Saudi Arabia.
- Tallink seals $222m finance for new LNG ro-pax
Estonian owner taps KfW for loan to build Rauma vessel.
- Capesize spot market corrects itself after huge growth
The capesize market is taking a breather but rates remain at some of the highest levels seen in 11 months.
- OSV owners warned as Saudis overhaul maritime law
First bespoke shipping regulations place restrictions on overseas offshore ships, but could also limit owners' liability.
- Taylor Maritime buys two handysize bulkers from J Lauritzen
Taylor Maritime is said to have bought two Japan-built handysize bulkers from J. Lauritzen. Taylor Maritime stays true to secondhand bulk carriers Brokers report that the Hong Kong-based owner has paid $9.5m apiece for the 31,887-dwt vessels Emma Bulker and Louise Bulker (both built 2010). The sale price is roughly in line with what was reported for another Japan-built handy of a similar age so
- Landbridge Group joins $1bn Chinese LNG import terminal project
Deal fits into China's Belt and Road Initiative and will see gas diverted from the Australian domestic market
- Neda and Ridgebury VLCCs fetch premium prices from conversion buyer Yinson
The Lykiardopulo family has joined Ridgebury Tankers in cashing in a veteran VLCC to FPSO specialist Yinson Holdings, market sources said. Kuala Lumpur-listed Yinson is understood to be paying $60m for the two tankers as it looks to secure tonnage for upcoming projects. Ridgebury Tankers sells VLCC as price spike extends NS United seeks sale of VLCC in latest deal to test tanker asset price pro
- Louis Dreyfus steps up wind-power push
French owner is fitting kite system to ro-ro and designing wind-assisted vessel.
- SK Trading to quadruple LSFO output
South Korean refiner wants to meet growing demand for IMO 2020-compliant fuel.
- AP Moller-Maersk takes share buyback to $425m with latest purchase
AP Moller-Maersk is accelerating its share buyback efforts and has now invested comfortably over $420m in its stock this summer. The world's largest shipowner announced a $1.5bn buyback programme in May and has been active in purchasing its own stock during the past three weeks. Maersk starts $1.5bn buyback programme Maersk boss Skou shoots down price war talk as Trump's battle with Beijing den
- KOTC puts anchor-handler up for sale
Kuwait Oil Tanker Company (KOTC) has launched a tender to sell an elderly anchor-handler. The Kuwait Petroleum Corporation subsidiary said the closing date for bids for the 60-bp Al Sabriyah (built 1983) is 29 July. Bids are valid for 90 days. The vessel is available for inspection at anchorage outside Kuwait City on 15 July. The ship is the company's only OSV, apart from a utility boat. Vess
- Greek bulker hit by boxship in China
Anbros ship at berth in Yangtze river when contact was made by another vessel.
- Over 10% of world fleet will have scrubbers at start of IMO 2020, says Clarksons
Shipbroking giant says figure will reach 15% by the end of next year, with around 400 new orders seen do far this year
- OW Bunker estate sues own trustee for $79m
The estate of OW Bunker is suing one of its own trustees for failing to go after investment bank Jefferies
- Wartsila targets Chinese scrubber market with Cosco deal
Finnish group and Chinese partner aims to create one-stop shop for exhaust gas cleaners.
- Tanker damaged in Fujairah attack heading for Iran
Thome's Andrea Victory back in business in the Gulf with humanitarian cargo.
- UN tribunal orders release of ABC tanker and officers
Swiss government must provide $14m in security for Nigeria to free San Padre Pio.
- Chinese eye giant LNG carriers in tie-up with LR
Joint industry project aims to improve China's ability to offer competitive gas carrier designs.
- Samsung Heavy Industries delivers "world's largest" container ship
South Korean yard hands over first of six new giant containerships to Mediterranean Shipping
- Deutsche Bank shipping research to survive mass cuts
After series of analyst exits, industry to get some good news in German bank's major restructuring.
- Sembcorp Marine may face $295m Brazil fine, says analyst
DBS Bank says fiscal penalty could be anywhere between 35%-70% of that paid by Keppel.
|JULY 8, 2019|
- Commentary: The five miles of uncertainty
American shippers need to look at their supply chains through the lens of the five-mile framework and plan for different scenarios during these uncertain times in the economy and trade.
- MSC plans general rate increase
A $1,000 increase is announced for 40-foot containers moving from Asia to the U.S.
- CBP seizes MSC ship tied to 20-ton cocaine shipment
The agency called the seizure of the 10,776-TEU MSC Gayane the largest in its 230-year history.
- USTR issues sixth round of Section 301 exclusions
The exclusions retroactively will apply to the July 6, 2018, effective date of the tariffs and cover several machine parts among other items.
- New APL service connects Miami with Caribbean, Latin America
The service will offer connections to APL services to and from Asia.
- Senate Commerce to mark up blockchain bill this week
- Federal transport regulator posts being filled
|JULY 8, 2019|
- Brazil's ANP to require publication of refined-product, natural gas prices
Brazil's National Petroleum Agency will require oil companies, importers and distributors to publish prices for refined products and natural gas.
- Brazil's Manati Field gas output continues decline in Q2: Enauta
Brazilian independent oil and natural gas producer Enauta released second-quarter production results.
- Japan says first IMO-compliant bunker fuel trial on coastal vessels a success
MLIT still intends to run more trials with different kinds of coastal vessels by around the end of July.
- External: Praxis Energy Agents DMCC
- Iran says it's set to break nuclear deal rules for a second time
"From today, we officially pass the limit of 3.67% for uranium enrichment," a said.
- FUTURES: Crude stable amid lack of fresh cues, geopolitical risks
Asia markets are expected to find a soft start to the week after seeing Wall Street pullback on Friday from lowered expectations of a Fed cut, an analyst said.
- Iran says seized oil tanker off Gibraltar was not headed to Syria
"Despite what Britain has claimed, the destination of this oil tanker was not Syria," Iran's deputy foreign minister for political affairs, said.