|SEPTEMBER 9, 2019|
- Asia-Europe rates dip 6.2pc to US$710/TEU, USWC off 3pc to $1,566/FEU
- CMA CGM profit declines nine fold to US$2.3 million as sales rise 4.6pc
- China and US to hold Washington trade talks in October amid mistrust
- CMA CGM looks to sell CMA Terminals business to reduce debt burden
- Women truck drivers less efficent, 83.3pc more likely to suffer long delays
- Salalah Port sets productivity record thanks to new equipment
- Bangladesh scrapping costs 2 lives on Chattogram breaking beach
- Panama Canal finalises new toll structure modification after consultation
- CN and Cosco Shipping Lines extend intermodal partnership
- OOCL leverages AI, IoT to enhance accuracy, capabilities of reefer services
- Namibia's Walvis Bay 40-hectare terminal ups capacity to 750,000 TEU
- Abu Dhabi industrial zones attract major Indian maritime investment
- Global air cargo demand falls 3.2pc as US-China trade war deepens: IATA
- Budapest airport seeks more e-commerce business from China
- PE firm buys HK aircraft parts firm for sum in US$300 million range
- Air cargo down 4.2pc in July, hit by US-China trade war: WorldACD
|SEPTEMBER 8, 2019|
- Challenging times for Indian rice exports - Potential new markets
- CMA CGM Group delivers solid operating performance & above-market growth in volumes in Q2 2019 despite uncertain worldwide geopolitical environment
- Directorate-General of Shipping celebrates 70th Foundation Day
- Indian Register of Shipping takes over Chairmanship of IACS
- Maersk & Koole Terminals to produce 0.5 pc sulphur marine fuel in Rotterdam
- India raises import duty on Malaysian refined palm oil
- India's export of value-added shrimp increasing after US tariffs on China
- Oilmeal exports show sharp drop in Aug.
- Chennai Port inks long-term agreement with KIA Motors for vehicle export
- Kattupalli Port handles first exclusive call of Hyundai Merchant Marine
- KoPT's Ideabox Challenge generates good response
- VPT achieves impressive throughput among Major Ports during April-July 2019
- CONCOR flags off movement of ex-im containers between Kattupalli Port & ICD Whitefield, Bengaluru via ICD Tondiarpet, Chennai
- Trucking fleet operators' revenues & ability to repay loans seen reducing due to slowdown
- GDP growth estimated at 6.3 pc in FY20
- Govt expected to announce measures to boost subdued exports
|SEPTEMBER 9, 2019|
- Expanded cooperation to reduce 50,000 t of CO2
- UPS expands service portfolio
- Markus Pütz is the new CCO
- 1,000 grain-hoppers to cut back truck transports in Ukraine
- IMO 2020-compliant bunker fuel for Maersk
- China Airlines finalises B777F order
- New distribution centre for beverage manufacturer
- Kerry Logistics appoints John Parkes as managing director
- Extended intermodal partnerships in Canada
- CSM Energy and Waterworks Offshore Services join forces
- RTS gives Air Canada Cargo a helping hand
- Freja continues its steady growth
- New head of communications
- "Curiosity of the Day"
- Tracking & tracing cardboard consignments in real time
- Atlas Air Worldwide invests in New York
- Seafreight and Innocentive form partnership
|SEPTEMBER 6, 2019|
- Ocean carriers fight seasonal downturn by blanking more voyages
- US carriers see opportunity knocking as the EU relaxes wet-lease rules
- Soft market does not slow Latam expansion, thanks to perishables traffic
- Shippers welcome plan for new index to improve liner reliability
- Surviving in the US transportation market, by Jeff Barrie
- Tough week ahead for Heathrow with threats from pilots strike and drones
- US industry leaders tired of tit-for-tat trade war
- M&A radar: 'This is like The Muppet Show'
|SEPTEMBER 6, 2019|
- Owners of fire stricken dive boat file for limitation of liability
The owners of the Conception, the dive boat that sank in flames early Monday morning with the loss of 34 lives filed suit in the U.S. District Court for the Central District
- Bollinger promotes Christian Pierce to Director of Engineering
Bollinger Shipyards, Lockport, La., has promoted Christian Pierce to Director of Engineering. In this role, he will lead the engineering department in all facets of engineering on both government and commercial programs
- DFDS buys Moby RoPax duo
Copenhagen headquartered DFDS reports that it has entered into an agreement with the Italian ferry company Moby to acquire the two combined freight and passenger ferries Moby Wonder and Moby Aki, built
- Coast Guard, cruise lines join Bahamas relief efforts
The U.S. Coast Guard's Hurricane Dorian response operations continue in support of the Bahamas. As of Friday at 9 a.m., Coast Guard crews had rescued 205 people in the Bahamas since Hurricane
- Metal Shark expands into Peru
Jeanerette, La., based shipbuilder Metal Shark has announced its expansion into Peru, with a new patrol boat order now in production, and a multiyear co-production agreement recently established with state-operated Peruvian shipyard
- First X-Bow polar vessel named, delivered and set to explore
The first in a series of expedition ships being built for Miami headquartered SunStone Ships was named Greg Mortimer in a ceremony held today at China Merchants Heavy Industries (CMHI) shipyard in
- Chauncey Naylor named Director of Resolve Maritime Academy
The Resolve Marine Group has named Chauncey Naylor as the new Director of its learning arm, the Resolve Maritime Academy in Fort Lauderdale, Fla. In this role, he will be responsible for
|SEPTEMBER 6, 2019|
- CEVA integration drags on CMA CGM results
Growth in volumes and lower costs boost liner operations, but group profits are held back by logistics performance
- Sale and leaseback deals prove popular
For a company that needs additional liquidity to offset a deteriorating cash flow, sale and leaseback deals are an easy...
- Dorian: MSC to aid Bahamas recovery
Carrier will provide temporary housing and vessels to support aid efforts
- Ports America joins Maersk Growth in Loadsmart investment
Terminal operator to assist in rolling out trucking initiative designed to reduce on-dock turnaround times
- Shipowners' Club cuts deficit at half-way mark
'We know we have to earn the trust that is placed in the club and we also know that this...
- Skuld sees sharp fall in net income, as half-year combined ratio hits 116%
'Despite the high number of reported claims, we are pleased with the half-year result, particularly given the challenging international marine...
- Hunter agrees deal with Fredriksen's Ship Finance for VLCCs
Following the deal, Hunter will have four new tankers in its fleet, which are expected to be delivered from March...
- Antwerp forecasts a radical shift in shortsea shipping after Brexit
More checks and red tape expected following UK's departure from EU
- London calling: Forget the Brexit bluster, let's focus on the international itinerary
While there will be ample opportunity for the Maritime UK contingent to make a valid pitch for business and the...
- Daily Briefing
Free to read: Total readies for low-sulphur transition | Euronav gets funding for compliant fuel deal | Alternative fuel is...
- Fuel additives can help with some bunker blending issues
'Even if a shipowner has cleaned the tanks before using the LSFO, there will be potential issues with blend components...
- Australia detains Chinese bulker over MLC violations
Fraudulent documentation was found and the crew told the ITF inspector they had been bullied and forced into working excessive...
- US ports brace as Dorian continues threatening path up Atlantic coast
'We are fully committed to supporting both immediate and longer-term relief and recovery efforts in the Bahamas' - MSC Group chairman...
- Capital lines up orders for 10 LNG-fuelled VLCCs
No charters have been fixed for any of the ships but it is believed that the owner has been in...
- Dorian: Shipping lines pledge aid for Grand Bahama
UPDATED: Cruise line Royal Caribbean has pledged to provide 20,000 meals a day to islanders, while Mediterranean Shipping Co will...
|SEPTEMBER 6, 2019|
- East Coast ports reopen as Dorian pushes offshore
- Trans-Pac spot decline bodes ill for peak volumes
- CMA CGM losses deepen despite volume growth
- FMC to gauge detention/demurrage fairness on flow merits
- Pivotal Q4 ahead for US truckload sector
- Rail deal boosts India's BMCT volumes
- CN, Evergreen extend Canada contract
- Crowd-sourcing solutions for container shipping?
|SEPTEMBER 6, 2019|
- Tsakos reports scrubber installation delays
Tsakos Energy Navigation is reporting delays in scrubber installations. On its second quarter earnings call Friday, the New York-traded gas and oil carrier told investors exhaust gas cleaner retrofits ahead of IMO 2020 were "longer than initially forecasted". TEN keen on further LNG growth Hyundai Heavy reveals $189m LNG carrier order "Shipyards [are working] at full capacity to meet retrofitt
- NYSE moves to boot Seadrill Partners over market cap
Seadrill Partners' days on the New York Stock Exchange appear to be over. The exchange has suspended trading in the John Fredriksen-backed offshore drilling rig owner's shares and begun proceedings to delist it over its $14m market capitalization. Shares will instead trade on over the counter markets under the ticker symbol SDLPF. "The company intends to appeal this delisting determination," th
- TEN keen on further LNG growth
Listed Tsakos company confirms LNG newbuilding, optimistic about its traditional business
- Lorentzen & Stemoco posts loss due to Singapore restructuring
The company took a $1.2m hit related to its Singapore business in 2018, but still has its eyes on growth in Asia.
- Diana Shipping launching second repurchase offer
Diana Shipping is making another round of buybacks, this time for up to 1.4 million shares. The Athens-based, New York-traded bulker owner announced the $3.55 per share offer Friday. Diana Shipping to keep selling ships for shares The company said the move was in its best interests given its cash position - $121.4m in the bank according to third quarter filings - and share price. At the open F
- Oldendorff bulker under repair after engine failure
German owner says work to be completed soon on Helena Oldendorff
- Hove Offshore takes back PSVs from A1 Offshore as spat gets ugly
Danish owner Hove Offshore has taken two of its platform supply vessels (PSVs) back into its own management from A1 Offshore due to "lack of confidence" in the company, TradeWinds has learned. Pareto finally offloads PSV trio A1 Offshore linked to Toisa PSV purchase The 3,300-dwt PSVs Poseidon Express (built 2004) and Neptun Express (built 2004) will be managed by Maritime Construction Service
- MSC denies chartering Eastern Pacific boxships
Swiss giant says it has not taken on LNG-fuelled newbuildings.
- Navios Maritime loss widens as rates fall
Bulker owner also hit by losses from affiliates in second quarter.
- 3 Maj revives cancelled Algoma bulker order
Croatian yard to complete $36m ship for Canadian owner after funding secured.
- Boxships dodge recycling as cash buyer strikes deals
Sliding scrap prices prompt GMS to seek buyer and charterer for handysize containerships
- Gianluigi Aponte pledges hurricane help
MSC Group to provide essential goods and prefab housing for devastated Caribbean islands.
- More distressed sales likely in car carrier sector
Pressure on owners of older, mid-sized vessels in opaque sector.
- Bangladesh surveyor arrested in bribery case
Anti Corruption Commission detains department of shipping official.
- Columbia teams with German broker in offshore sector
CSM Energy unit forms strategic alliance focusing on renewables.
- Subsea 7 bags Saudi Aramco contracts
Norwegian contractor adds deals worth up to $150m in Saudi Arabia.
- More Brightoil tankers put up for auction
Auctions announced in Hong Kong and Singapore for a VLCC, three aframaxes and and three more bunker tankers.
- Fredriksen's Ship Finance moves for Hunter VLCCs
New York-listed company buys tanker trio for $180m in leaseback deal.
- Major bunker ports geared up for IMO 2020
Marine fuels experts caution that shipowners still have to do a lot of catching up
|SEPTEMBER 6, 2019|
- Weakened but dangerous, Dorian reaches Canada
Halifax and the region hit with heavy winds as potent post-hurricane system leaves 300,000 without power and knocks down a construction crane.
- Singapore and Kuehne + Nagel launch a venture fund for logistics startups
Risk-averse money is still entering the FreightTech space.
- Down Under Trucking: Rise in truck-death toll; engine tampering; pooper-scooper salvage; trucking standards vs human needs
Carnage on Australia's roads continues as yet more truckers, passengers and vehicle drivers die. Meth-consuming, engine-tampering trucker caught. Pooper-scooper set up to salvage stink-truck. Drivers...
- FreightWaves oil report: signs of IMO 2020 in physical markets are tough to find
Markets for diesel are trending where theyve been for the last year.
- Trucking utilization improves while prices remain suppressed
Carriers are having less trouble keeping their drivers busy over the past month, but that has not quite translated to increased prices.
- Containers are the next hurricane to hit U.S. Southeast ports
U.S. ports will see a rush of ships as they reopen, but Bahamas port sees severe damage.
|SEPTEMBER 6, 2019|
- ANALYSIS: ICE LSGO spreads price in tighter diesel, gasoil market
The backwardation in ICE low sulfur gasoil November/December and December/January spreads had risen to contract highs due to an expected draw-down in stocks at the Amsterdam-Rotterdam-Antwerp hub and diesel and gasoil market tightness ahead of the implementation of IMO 2020, according to traders.
- ARA fuel oil stocks rise on week as exports east remain slow
No fuel oil cargoes were seen departing the region as Singapore looks to reduce high sulfur fuel oil inventories, keeping arbitrage movements on the route muted.
- OPEC hikes crude output, but still overcomplies with cuts
The cuts, along with US sanctions on OPEC members Iran and Venezuela, have contributed to tightening supplies, particularly of heavier and sour crudes.
- Supply of 380 CST HSFO tightens in Europe ahead of IMO 2020: sources
Sourcing supply of 380 CST bunker fuel in Europe is becoming increasingly difficult ahead of IMO 2020, market participants said Friday.
- FUTURES 5: Crude futures settle higher as a positive US jobless rate counters demand fears
Crude futures settled higher Friday, after a key US economic indicator showed that the US jobless rate held steady at 3.7% amid underlying concerns about the global demand outlook from the US/China trade dispute.
- TANKERS: Maritime threats prompt heightened security, raise costs
Charterers say that this pushes up the cost of delivering cargoes, resulting in higher costs for importing crude and oil products.
- Singapore's residue stocks dip on limited arbitrage inflows from the West
Singapore imported no cargoes from Europe for the third consecutive week, the data showed.
- Brent oil to test $70/b by year-end on IMO 2020: Platts Analytics
"Demand remains on a negative watch," Platts Analytics said, after lowering its demand growth forecast to 1.02 million b/d for 2019.
- Oil futures come off highs as demand concerns trump stock drawdowns
Crude remains stuck between broader economic concerns and rising US crude production on one hand, and tightening inventories on the other, an analyst said.
- CRUDE MOC: Oman, Dubai premiums turn around post ADNOC OSPs
November cash Oman ticked even higher, rising 36 cents/b day on day to a premium of $2.38/b over November Dubai futures.