|AUGUST 9, 2019|
- More blank sailings leaves Northern European shippers in the lurch
- South Korean shipbuilders brace for fight after China mergers
- Melbourne port achieves 4.1pc growth in June to 241,985 TEU
- China Navigation buys new handy containership for Pacifica Shipping
- China Harbour Engineering's US$400 million Namibian terminal open
- Britain, US have naval flotilla to protect ships in Strait of Hormuz
- Jeddah terminal marks Chittagong as suitable transshipment hub
- New transshipment system loads, unloads feeder ships at sea
- Pakistan urges importers to use Pangaon to ease Chittagong congestion
- Launch of direct container shipping service from Wuhan to Osaka
- Cathay back in black, but cargo lags on world trade tensions
- ATSG Q2 profit soars 57pc to US$37.5 million as sales rise 64.3pc
- Hiring for Amazon Air is stepped up in July to meet rising demand
- Lodige Industries equips Istanbul Airport for Turkish Cargo
|AUGUST 8, 2019|
- Collaboration to build world's most advanced maritime spatial database
- Container line moves to punish 'mis-declarers' welcomed
- Hapag-Lloyd delivers significantly higher half-year result
- Key global shipping associations put out joint statement on situation in Strait of Hormuz; urge immediate action to stop escalation of tensions & fully respect international law
- Milaha signs partnership to promote environmental sustainability
- MOL & COSCO SHIPPING Energy Transportation ink MoU facilitating further cooperation in upcoming LNG, ethane projects
- Anti-dumping duty on imports of certain type of steel from Brazil, China & Germany likely
- Antwerp Port Authority & World Trade Center Pune jointly launch Pune Manufacturing Think-Tank
- Indamex service - Terminal Change in Norfolk
- Port of Rotterdam Authority launches new company to make its digital shipping app available to ports worldwide
- Kerry Indev Logistics partners with Lenovo India for distribution of 1.56 million Notebooks under TN govt scheme
|AUGUST 9, 2019|
|AUGUST 8, 2019|
- Latest round of tariffs a threat to US port expansion plans
- Carriers to fine rogue shippers for misdeclared goods in containers
- Carriers looking to fix charters long-term as IMO 2020 squeezes ship supply
- FedEx to sever another Amazon link: ground-delivery contract
- US warns cargo ships of Iranian GPS spoofing threat
- Market Insight: Maersk family faces hefty dilution if APMM broken model is to be fixed
|AUGUST 8, 2019|
- Port of Houston moves more boxes
Port Houston, which owns and operated the public wharves and terminals of the greater Port of Houston, reports that container volume overall at Port Houston continues to break records, up 12 percent
- Wärtsilä will fit new DP2 construction vessel with hybrid system
Acta Centaurus, a 93.4 meter offshore wind construction support delivered earlier this year by Norway's Ulstein Verft, is to be fitted with a Wärtsilä hybrid propulsion solution. The DP2 walk-to-work construction support
- CMB pushes ahead with hydrogen combustion projects
Since November 2017, Belgian shipping giant Compagnie Maritime Belge (CMB) has been operating a 16 passenger catamaran ferry powered by a liquid hydrogen fueled combustion engine. It seems that CMB's interests in
- Leadership changes at Newport News
Huntington Ingalls Industries (NYSE:HII) is making leadership changes at its Newport News Shipbuilding division. Damon Saetre has been promoted to vice president of integrated planning and production control. In this role, he
- Coast Guard investigates collision off Oahu
The U.S. Coast Guard responded to a reported collision of two vessels approximately 20 miles southeast of Oahu, Wednesday. The commercial fishing vessel, Helen, reportedly collided with the Italian-flagged Liquid Propane Gas
- Helm Operations in tie up with the ACTion group
Victoria, British Columbia, based Subchapter M compliance consultancy Helm Operations is partnering with Channelview, Texas, based maritime software company ACTion group They say the new partnership agreement will help inland marine companies
- Navatek and Front Street Shipyard cooperate on $8 million ONR project
Honolulu, Hawaii, headquartered Navatek LLC has been awarded an $8 million contract from the U.S. Navy Office of Naval Research (ONR) for advanced planing hull research. It will focus on pursuing new
- ABS names Ian Bramson Global Head of Cybersecurity
ABS has appointed cyber expert Ian Bramson as its Global Head of Cybersecurity. In this role, Bramson will lead the development of a cyber security risk reduction program to meet increasing demand
|AUGUST 8, 2019|
- P&O Cruises pulls Bermuda-flag ship from Gulf schedule
P&O Cruises has pulled its Bermuda-flag cruiseship Oceana from a scheduled winter itinerary in Dubai and the Gulf, citing advice...
- Shipowner investment signals hydrogen over LNG as ship fuel of the future
Significant investment represents a huge bet that in the future hydrogen-powered engines will displace traditional fuels altogether
- Nine shipping and offshore M&A deals in year to date, says VesselsValue
'[The sulphur cap] could cause consolidation among smaller companies, which could merge or take on investors in order to fund...
- Correction: Ships have not exited UK flag
No ship operators have chosen to remove any vessels from the UK Ship Register due to security concerns in the...
- Box majors clamp down on cargo misdeclaration
'To ensure the safety of our crew, ships and other cargo onboard, Hapag-Lloyd holds the shipper liable and responsible for...
- Genco's losses widen as scrubber fittings get under way
US-based dry bulk owner has sold a handysize vessel for a gross price of $5.3m
- Maran adds to LNG order book at DSME
Angelicoussis group exercises latest option at favoured Korean builder, restoring orderbook to 14 LNG carriers following delivery of one ship...
- Maritime champion Kathy Metcalf honoured by Lloyd's List
A one-time deck officer will be presented with the prestigious Lifetime Achievement award at the Lloyd's Americas Awards in Houston
- Yangzijiang requests trading halt amid rumours about missing chairman
Request to halt trading in shares comes shortly after a query by the Singapore Exchange asking the Chinese shipbuilder to...
- Euronav remains bullish on tanker freight rate recovery
The company says it has taken precautionary measures to protect staff from the recent rising tensions in the Middle East
- Viewpoint: No summer holidays here
The spotlight on the Strait of Hormuz has exposed the severe limitations on the Royal Navy's ability to protect merchant...
- Iran spoofing ship GPS signals, warns US
Six attacks on merchant ships named by Marad attributed to Iran include the seizure of the product tanker Stena Impero last...
- Daily Briefing
EU urged to take more global view on shipping | China mulls opening of coastal trade to foreign carriers | ...
- CMB Leasing behind CMA CGM 15,000 teu boxship orders
Shipyard announcement has reinforced a previous report by Lloyd's List that identified the Chinese lessor as being behind the newbuilding...
- Iron ore price volatility drives derivatives trades to new high
SGX, which claims a lion's share of the iron ore derivatives market, points to supply disruptions as a major driver...
- Heavy impairments knock Star Bulk second-quarter results
Star Bulk has plans to have 81 scrubber towers installed by the end of September this year and 104 by...
|AUGUST 8, 2019|
- New CN-CSX service links NE US and Canada
- TMS tie-ups blurring lines between brokers, visibility providers
- Profits fuel Saia's ongoing LTL expansion
- Not enough trucks leaving market to dent oversupply
- DHL risk unit: Plan for low river levels in Europe
- New Rio de Janeiro terminal ownership ups port competition
- More blank sailings the new trans-Pacific reality
|AUGUST 8, 2019|
- Euroseas falls into red amid higher costs
Euroseas posted a loss for the second quarter, weighted down by heavier expenses. The Aristides Pittas-led owner reported net loss attributable to common shareholders of $1.73m versus a $1.8m profit during the same period in 2018. Adjusted net loss attributable to common shareholders came in at $1.8m, down from a $0.36m profit. Love-struck judgement not enough for Euroseas to win payout in hija
- EuroDry 'optimistic' for the future
EuroDry is maintaining a positive outlook on the future, despite fall into the red for the second quarter. The New York-listed owner expects dry bulk rates to improve through 2019 amid a "constrained" fleet supply as a result of scrubber installations before IMO 2020 deadline. "We are optimistic about the near and medium term prospects of the market as fleet growth is expected to remain constrai
- Grindrod draws down newbuilding loan
Grindrod Shipping has drawn down it's $31.4m newbuilding loan. Thursday, the Singapore-based shipowner announced that it had taken delivery of the 61,000-dwt IVS Okudogo (built 2019) from Japan's Shin Kurushima Toyohashi shipyard. The bulker accounts for $15.7m of the facility from IYO Bank and is repayable in quarterly installments with a balloon payment at the end. It comes with an interest ra
- Navigator Holdings takes second quarter loss
Navigator Holdings finished the second quarter in the red yet again thanks to Venezuelan sanctions. The New York-traded, London-based gas carrier owner reported a $7.7m loss after the close Thursday, more than double the $3.1m loss reported for the same period last year with revenues dropping slightly year-over-year to $73.2m from $73.6m. The performance was a $0.14 loss on a per share basis, $0
- Star Bulk Carriers 'very positive' on capes through 2019
Chinese shipyards will be 'very, very busy' with scrubber retrofits, chief executive Petros Pappas says.
- Genco expects cape rates to 'move back up'
Rates seem to be 'settling out', chief executive John Wobensmith says.
- Euronav takes out $100m loan ahead of IMO 2020
Euronav has taken on a $100m loan to boost liquidity ahead of new IMO 2020 emissions standards. During the Belgian shipowner's second quarter conference call, chief executive Hugo de Stoop disclosed the credit facility. He said it would be used for "preparation for IMO 2020 and in particular our fueling strategy for our fleet." De Stoop: 'We are scrubber watchers' Giant Euronav tanker in IMO 2
- Ponant to acquire Paul Gauguin Cruises' one ship
Ponant is one step closer to expanding its fleet of nine cruiseships to 14 vessels by 2021. The Jean-Emmanuel Sauvee-led cruise company plans to acquire Paul Gauguin Cruises' one 332-berth vessel, aptly named Paul Gauguin. "We share the same core values," president Jean-Emaanuelle Sauvee said. "The synergy between our operations makes this the perfect collaboration while preserving the unique D
- International Seaways has the cash, looking to spend
International Seaways has big cash reserves and is looking to use it to pay down debt or pay off shareholders. On its second quarter earnings call Thursday, the New York-traded tanker owner said it was comfortable with its 47-ship fleet ahead of the expected IMO 2020 tanker rally and would look to deleverage, buy back shares or pay out dividends. International Seaways sells veteran pair as it bo
- US authorities warn of 'spoofing' in Strait of Hormuz
US Maritime Administration has confirmed six incidents involving Iran in the strait since May.
- UN Singapore Convention to usher in new dispute resolution mechanism for shipping
Mediation might prove more useful in jurisdictions where arbitration awards are difficult to enforce
- SM Line sticking with liner business and looking to expand
Ship operator denies sale as it aims to cash in on rising asset values in containership sector
- P&O Cruises pulls plug on Middle East sailing after Stena Impero capture
Royal Caribbean Cruises has no ships in the region at the moment.
- SBM Offshore profit impacted by capex and one-time payouts
SBM Offshore has seen its first half profit nosedive. Strong and rising revenue was held back by SBM's massive capital expenditure and one-off outlays. SBM Offshore adds to firepower as profit piles up The FPSO specialist posted net profit of $61m during the first half, equivalent to earnings per share of $0.30. The result is down 81% compared to the first six months of 2018, in which profit
- Remnants of boom times on scrap heap in Vietnam
On Watch: TradeWinds' weekly column taking a sideways look at shipping news
- Too early to tell how Trump's new China tariff will hit liner trades
Operators are poised to adapt to potential impacts of import tax on an additional $300bn-worth of Chinese goods
- Evergreen Marine hives off four containerships for demolition
Scrapping continues but falling prices slows the numbers
- Evergreen hunts feederships as it hones shortlist for box giants
Taiwanese liner operator goes direct to yards for 1,800-teu vessels while speeding ahead with huge scrubber-fitted haul of large ships
- Stellar Daisy relatives demand second deep-sea probe
Families of the dead crew say Voyage Data Recorder data was corrupted and want a second unit to be retrieved
- Total ups tally of LNG carriers fixed on multi-year deals
Energy major's appetite appears undimmed as it mulls returning to the market for yet more tonnage next month
- International Seaways sells veteran pair as it books second quarter loss
International Seaways confirmed the sale of two veteran product tankers as it rang in a second quarter loss today. New York-listed Seaways said it had sold a pair of 2004-built MRs, which had been delivered to their new owners last month. International Seaways sights VLCC storage work and sales of veteran product tankers International Seaways speeds up MR sales after crude deals While Seaways
- Yangzijiang Shipbuilding shares crash 28% in two hours
The Singapore Exchange has asked the Chinese shipbuilder to explain unusual price movements.
- Shell zeros in on owners for world's first LNG-fuelled VLCC
Trio wrestle with prices, prompting market rumours of orders for John Fredriksen
- FSRU for world's first LNG-to-power project near completion
A first glimpse of an LNG carrier converted into a floating storage and regasification unit for what looks set to be the world's first LNG-to-power project has emerged. MOL and Karpowership set to team up on FSRU for floating power plant Japanese shipowner MOL's former LNG carrier, the 127,000-cbm Dwiputra (built 1994), is nearing the end of its transformation into an FSRU at Singapore's Sembcor
- Second Baltic LNG index to go live next week
As third US-UK route, BLNG2, shifts into pubic trials mode
- Braemar reveals financial details around exit of 'good leaver' Kidwell
Braemar Shipping Services has revealed details of salary and bonus payments potentially running to around £500,000 to former chief executive James Kidwell. Kidwell departed the London-listed company at the end of July, with his retirement ending a 17-year career at the company which began as chief financial officer before his promotion to CEO in 2012. James Kidwell reflects on Braemar Shipping S
- Tallink Grupp records 'strong' second quarter results
Tallink Grupp has reported a slight drop in second quarter profit but an upturn in its operating numbers. It noted shipping activity had been aided by stable fuel prices and a rise in passenger numbers in the majority of its operating regions. Tallink Grupp orders $281.3m LNG-powered ferry from Rauma Marine Profit for the second quarter if 2019 rang in at '14.9m, against the €15.3m put on the b
- Chemical tanker owner Finbeta falls into new hands
Debt restructuring sees Bertani family cede control of Italian chemical tanker owner
- IMO 2020 sulphur emission cuts are just the start of the challenge
Investors in LNG carriers will face daunting choices as attention moves from reducing sulphur emissions to eliminating carbon pollution
- Euronav takes heart from six-year low in VLCC orders amid second quarter loss
Tanker giant Euronav toasted the lowest VLCC newbuilding activity levels in more than half a decade amid a positive outlook for an upturn in rates as IMO 2020 approaches. Giant Euronav tanker in IMO 2020 storage play heading for 'top up' off Spain Euronav VLCC period deal shows underlying confidence in market Euronav steps up summer share buyback It came as the New York and Brussels-listed sh
- Evalend firms up option for VLCC at Hyundai Heavy Industries
Greek shipowner holds two more options at the shipyard
- SinOceanic's big boxships placed on the sales block
Oslo-based tonnage provider has its last four neopanamaxes in the sights of Chinese lessors
- Owners throw hats in the ring for Poland's LNG ship enquiry
Newly purchased volumes will require up to eight vessels as company beefs up its imports over pipeline supply
- Thor Dahl Shipping sees IMO 2020 benefit for older boxships
Thor Dahl Shipping does not believe that newer is always better. The Norwegian shipowner has a fleet of three elderly containerships with an average age of 18 years. The company claims they will have an advantage to more modern ships ahead of the new IMO 2020 sulphur regulations. "We feel we are well-positioned," Thor Dahl chief executive Henning Torp said. "We have a very close cooperation wi
- Heogh Autoliners swells loss in challenging year
Norwegian car carrier owner's annual report shows doubling of loss and $50m cash injection
- SK Shipping and Capital Maritime take VLCC charter fight to court
The South Korean owner is suing over charter cancellations, while Capital Maritime has fired back with a counterclaim
- Seafarer gets life-saving blood transfusion in dramatic rescue
China and US maybe fighting a trade war, but it doesn't stop USCG coming to aid of injured Nanjing Tanker crew member
- ANEX joins cruise game with Saga cruiseship buy
Turkish tour operator to take over Saga Sapphire in mid 2020
- Veteran suezmax surplus to requirements at SCI
Indian shipowner said to be selling vessel via e-auction for further trading or scrapping
|AUGUST 8, 2019|
- PORT REPORT: Mega-study reveals Asia and China dominate the commercial maritime world
China's ports are the most connected ports in the whole world, mega-study reveals. Ports elsewhere in Asia flesh out the top twenty. U.S. ports don't...
- Lower truck and agricultural sales weigh on Cervus earnings miss
Continued weakness from its Canadian Peterbilt dealerships adds to steep decline in Alberta company's agricultural equipment business.
- Revenue and losses climb at Uber Freight
Uber's second quarter as a public company saw a loss much worse than the consensus estimate. Revenue increased significantly at Uber Freight, so did the...
- Euronav waits on 2019 recovery as it notches second quarter loss
Refinery repairs and OPEC wreak havoc on rates, but there is always the next quarter.
- What goes into designing smartphone applications that truckers truly love
When designing software for truckers, it is vital for companies to consult drivers at every stage of its development, as apps developed in siloes will...
- Leasing company sues trucking firm for $37 million, alleging breach of contract
Arkansas-based PKE Western Truck Leasing, Inc. filed a $37 million lawsuit against Rich Transport, LLC and its parent company, RoadRunner Transportation Systems (NYSE: RRTS), alleging...
- Amazon seeks FAA approval for its Prime Air drone
Promises package deliveries up to 5 lbs. within 30 minutes.
- Futures traders hedge L.A. to Seattle in uncertain rate environment
Rates could break out either to the upside or downside.
- Old Dominion sees continued tonnage weakness in July
Old Dominion reported continued LTL volume weakness in July. Near-term volume relief may be hard to come by as domestic and global macroeconomic trends remain...
- International convention to consider wildlife trade proposals
The 183 parties to the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) will adopt decisions and resolutions to expand...
- Matson lowers 2019 EBITDA projection by $18 million
Matson, the largest U.S. domestic container carrier, said it is lowering its operating income projection for 2019, citing lower container volumes to Hawaii.
- U.S. rail volumes slump in July
U.S. railroad operations loaded 5.5 percent fewer carloads and intermodal units in July, and trade uncertainty could threaten to maintain that downward trend in rail...
- Today's Pickup: Brexit and the ongoing U.S.-China trade war might sink European economy
EU economy is in the precipice of recession; U.S. crude futures fall; breakthrough gives lithium-ion batteries longer life.
- CBP updates mitigation guidelines for export seizures
Customs and Border Protection has updated its seizure mitigation guidelines involving licensed and non-licensed exports for its officers at the nation's ports of entry.
- Mitigating the impact of cargo loss and damage with Logistics OrchestrationTM
In partnership with Slync... learn about how predictive exception management can keep freight flowing smoothly.
- Magna International manages modest earnings beat on global auto slowdown
The Complete Vehicles segment grew sales by 40.7 percent and widened its EBIT margin.
- GAO critical of "outdated" inspection practices at U.S. ports by Customs and Border Protection agents
United States Customs and Border Protection (CBP) inspection policies "don't reflect new technology or threats" and are "outdated," according to an August 6 report from...
- Loadsmart and Starsky Robotics collaborate to price, dispatch and deliver first automated loads
Digital freight brokerage LoadSmart and self-driving startup Starsky Robotics announced they have successfully priced, booked and delivered two loads of freight without human intervention.
- Buffett and Masa: two sides of the same coin?
The owner of BNSF and the investor behind Uber have more in common than it seems.
- Shifting from the ocean to the sky: air carriers seek to lure away sea-freight
A supply-demand imbalance and oceanic low-sulfur fuel regulations are making air freight more attractive relative to ocean freight. Or, at least, that is what air...
|AUGUST 8, 2019|
- BP Midstream reports record pipeline flows on strong US Gulf of Mexico sour crude demand
BP Midstream Thursday reported record second quarter 2019 gross pipeline flows of 1.7 million b/d of oil equivalent, due in part to higher volumes flowing through its Gulf of Mexico pipelines, as global demand for medium sour crudes grows.
- South Korea delivered 380 CST bunker premium hits record high on tight HSFO
The South Korea delivered 380 CST bunker premium has struck a record high amid ongoing tightness for high sulfur fuel oil supply, market sources said this week.
- Energy Transfer plans VLCC-capable crude export terminal near Nederland, Texas
Energy Transfer is looking to enter the crowded field of proposed US deepwater crude export terminals capable of fully loading VLCCs, with a project that connects to the company's 28-million-barrel Nederland, Texas, terminal, executives said Thursday on the company's second-quarter earnings call.
- European demand for diesel, gasoil waiting for flat price rebound
European demand for ultra low sulfur diesel and 0.1% gasoil will likely pick up only once flat prices -- which have been in free fall of late, hitting a seven-month low Wednesday -- start to rebound, sources said.
- HSFO barge cracks at 14-month low as IMO 2020 moves into clearer sight
The front-month 3.5% FOB Rotterdam barge crack has fallen to a 14-month low amid growing attention on the International Maritime Organization's lower sulfur cap on marine fuel from January.
- BP Marine to supply IMO 2020-compliant bunker fuel at Valencia
BP Marine intends to supply the port of Valencia with 0.1% sulfur marine gasoil, which will come from its Castellon refinery, 75 km north of Valencia.
- Rosneft's marine fuel unit boosts H1 2019 bunker sales by 9% on year
RN-Bunker, the marine fuel arm of Russian national oil company Rosneft, said bunker fuel sales for the first half of 2019 rose 9% year on year to 1.5 million mt.
- Rotterdam marine fuel sales drop 4.7% in second quarter: port data
Marine fuel sales at the Dutch port of Rotterdam -- the second largest bunkering hub globally -- dropped by 4.7% year on year in the second quarter, port authority data showed Wednesday.
- ARA diesel, gasoil stocks slip 2.2% on week: Insights Global
Diesel and gasoil inventories in the Amsterdam-Rotterdam-Antwerp trading hub dropped 2.2% on the week to 2.947 million mt in the week to August 7, Insights Global data released Thursday showed.
- Weakening energy sectors negatively impact LatAm bunkers markets
Sustained weakening in the global energy markets this week has impacted key Latin American marine fuel prices in varying degrees.
- FUTURES 5: Oil settles higher as market looks to Saudi Arabia to stabilize prices
The higher settle snapped three consecutive down sessions that saw WTI and Brent futures slip 8% and 9% through Wednesday.
- Taiwan's CPC halts marine fuel orders at Taichung, Kaohsiung till Aug 13