|JULY 10, 2019|
- China says swine fever to cut pork production 10-15pc this year
- Maersk, Hapag-Lloyd to levy war risk surcharges on Middle East cargo
- Emirates Shipping cuts its scarifying US$52/TEU war risk charge to $40
- Newbuild cargo vessel orders down across all segments, including box ships
- Chinese foreign minister seeks Belt and Road friends in Eastern European
- Shipping body downgrades Thailand's export forecast to a 1pc decline
- CMA CGM unit first box ship to load LNG while loadin and unloading cargo
- US Senator Marco Rubio proposes bill to counter Made in China 2025
- Support for plan to build terminal at Australia's port of Newcastle
- China's Alibaba aims to double Tmall global brands with bigger English portal
- Swissport appoints Peter Waller as chief financial officer
- ANA Cargo is first Japanese carrier to deploy a Boeing 777 freighter
- Volga-Dnepr reverses itself on refusing to work with air charter brokers
|JULY 9, 2019|
- Able Shipping Agencies celebrating 19 years of service to the trade
- COSCO SHIPPING Lines appoints Jignesh Desai as Manager Marketing for Gujarat region
- Dry bulk fortunes soaring, Capes trade above $20,000 a day while BDI climbs by 103 points
- Importance of India having shipbuilding capability in merchant vessels stressed
- PIL announces 2 new India services from Aug.
- China to further optimise business environment in ports to spur cross-border trade
- KoPT organises PCS 1x roadshow for trade partners
- Maritime Anti-Corruption Network launches landmark Port Integrity Campaign in Indian ports
|JULY 9, 2019|
- Bleak outlook for MPV sector as demand falls and the box lines move in
- IATA Net Rates platform takes wing, but will the airlines sign up?
- Seko triples Chicago footprint as it seeks investors for expansion
- Omni-channel and e-commerce growth drives FM Logistic revenue up
- A viable e-commerce strategy 'vital to meeting customer needs', says report
- Federal agents seize cargo ship linked to massive cocaine bust in Philadelphia
- China Eastern's cargo unit files for $348m listing
- Ashley Nicholson the youngest harbour master to be appointed VP of UKHMA
- Ocado says fire at warehouse cost it more than £100m
- On the wires: Hapag-Lloyd starts to sink - the container shipping casino returns to town
- Supply chain radar: Ready to get grilled on the road to $1bn, Kuehne + Nagel?
- Supply chain shift: It's not just a bottleneck problem - it's a tech monopoly problem
|JULY 9, 2019|
- Swedish electric ferry gets superfast charging upgrade
State owned Swedish power company Vattenfall has cooperated with electric propulsion specialist Echandia Marine to develope a new solution to provide fast charging for ferries and other electric vessels. The "Power as
- Feds seize MSC drug bust box ship
Mediterranean Shipping Company could forfeit a 10,766 TEU containership involved in a record cocaine seizure. U.S. Attorney for the Eastern District of Pennsylvania William M. McSwain reported yesterday that, on July 4,
- Resolve partners with Bibby on Jones Act compliant offshore wind solutions
Resolve Marine Group, Inc., an international marine services provider with its headquarters in Fort Lauderdale, Fla., has signed a Memorandum of Understanding (MOU) with Bibby Marine Services, a U.K.-based "Walk to Work"
- Rhode Island Fast Ferry takes delivery of second Gladding-Hearn cat
Gladding-Hearn Shipbuilding, Duclos Corporation, Somerset, Mass. has delivered a second high-speed passenger ferry for Rhode Island Fast Ferry, Inc. It will enter service between Quonset Point, R.I., and Martha's Vineyard, Mass., alongside
- Marfin to retrofit bulker with Wärtsilä hybrid technology
In another world first for Wärtsilä, a 60,000 dwt bulker is to be converted to hybrid operation. The ship, the M/V Paolo Topic, delivered by Japanese shipbuilder Onomichi Dockyard in 2016 is
- Construction set to start on second MiNO 6000 towboat
Jefferson, La., headquartered naval architecture firm MiNO Marine LLC reports that Conrad Amelia Shipyard will soon start production of the second vessel based on its new 6,000 hp inland towboat design. The
|JULY 9, 2019|
- 2020 Bulkers poised for Oslo Stock Exchange listing
The company anticipates to gain official approval to trade on July 10
- UK tanker gets military escort after Iranian threats
Escorts and diversions are seen amid hardening Iranian rhetoric following the impounding of the Iranian-controlled very large crude carrier Grace...
- US may have case for forfeiture of Grace 1 says expert
Wise Honest was transporting coal for North Korea, contrary to the US sanctions laws, and payments made in US dollars...
- New Greek government aims to attract foreign shipping outfits
During a decade of financial crisis many analysts have argued that the industry's contribution to the nation's economy could be...
- Instex - a short-term fix for a long-term problem?
'Most companies with ties to the US will be reluctant to use it, as they might become subject to US...
- Calls for release of seafarer held in Sri Lanka
Ukrainian captain has not been allowed to leave Sri Lanka since being detained
- Fujairah struggles to claw back bunker losses
Fujairah, once second-only to Singapore in bunker sales, was overtaken by Rotterdam last year
- Hong Kong hails first female mariner to qualify as chief engineer
Employer Anglo-Eastern Ship Management has big plans ahead for Kwok as she reaches a pinnacle on her seafaring path
- Qingdao Port Group to acquire neighbouring peer
Qingdao is a major pivot port for container, dry bulk as well as oil shipping. It handled 486m tonnes of...
- Barakah Offshore receives funding for restructuring plan
Meanwhile, Barakah's PBJV unit has just had its Petronas license suspended for three years
- Panalpina sets war risk surcharge on Strait of Hormuz shipments
'Now that shipping lines have added insurance-related surcharges for such shipments, we have to pass these costs on to stay...
- US says seized MSC vessel may not be returned
MSC has not been accused of any wrongdoing. A company spokesman said it had no immediate comment
- China Merchants set to acquire yards from CIMC and AVIC International
The news comes amid a wave of consolidations in the shipbuilding industry in Asia as players struggle to weather the...
- Gibraltar extended ship-seizure powers day before tanker interception
Crucially, Grace 1 can be held until any other legal proceedings in other jurisdictions against the owners of the cargo...
- Daily Briefing
Shipping offers new Greek government challenges and opportunity | Iran says seizure of oil tanker was 'threatening act' | Japan...
- Landbridge joins $1bn LNG terminal project in China
The Chinese very large crude carrier owner will take the opportunity to enter the LNG carrier sector, it is believed
- Virginia is first US port to join LNG bunker coalition
LNG bunkering infrastructure developments in the US are supported by the implementation of the North American Emission Control Area
- Australia's key LNG export project facing shutdowns
The planned shutdowns are at the Karratha gas plant at the North West Shelf project, which accounts for a third...
|JULY 9, 2019|
- NY-NJ master plan touts GCT terminal expansion
- AAL amps up Europe-Far East service on energy project optimism
- Vietnam pact a slow-motion boon for Europe apparel importers
- US shippers retain pricing power amid truck surplus
- Delayed MSC cargo in transit as drug bust exposure expands
- ZeBox breaks out of CMA CGM shadow
- New Texas petrochemical project promises major logistics spend
- French mudslide test rail contingency plans
- NY-NJ port preps for cargo volume doubling by 2050
|JULY 9, 2019|
- Globus chairman again cuts position in bulker owner
Globus Maritime chairman George Feidakis' position in the New York-listed bulker owner has shifted again. According to Securities and Exchange Commission filings, Feidakis sold a total of 295,863 Globus shares in June through his investment company Firment Shipping. Globus Maritime taps EnTrust Global fund for $37m Globus narrows loss on outside investment The sales bring his share count to 1.
- NYK Line set to nudge up berths at Hyundai Samho
Japanese shipowner also adding pair of vessels into Knutsen joint venture
- Taiwan, Pakistan and Thailand hold key to Asian LNG growth
Increase in imports by trio of countries spells opportunities for owners of ships and FSRUs
- Panamax boxship rates and charter periods on the rise
Shortage of larger containerships forces lines to take medium-size vessels instead
- Star Bulk flips former Delphin Shipping ultramax
Greek peer Super-Eco Bulkers tipped to be the Chinese-built ship's buyer
- Carnival to create chief compliance officer role
Arnold Donald-led company will name new c-level employee soon as part of a $20m settlement paid for dumping plastic waste into the ocean.
- Koch strikes VLCC charter that raises questions over Hunter sale
US operator forges deal with CSIC Leasing amid continued focus on Koch-backed deal with Arne Fredly's Hunter.
- Tor Olav Troim's 2020 Bulkers set for Oslo Axess listing this week
Tor Olav Troim's 2020 Bulkers has won the green light for a listing on the Oslo Axess with its stock expected to start trading on the second-tier market this week. It comes after 2020 Bulkers raised over $70m from a private placement in May, which set the scene for it to be promoted from the city's over the counter market. Tor Olav Troim's 2020 Bulkers banks $70.2m ahead of full listing in Oslo
- ITF calls for release of Ukrainian seafarer held in Sri Lanka
The International Transport Workers' Federation wants Sri Lanka to release an ailing supply ship captain held for the last three years. It says Ukrainian Gennadiy Gavrylov has been stranded in the south Asian country since June 2016, when he was arrested after the now-scrapped 1,476-dwt Avant Garde (built 1982) was seized by authorities. Crewman dies as ro-ro abandoned Kidnapped tanker crew fre
- Italian bunker firm close to first VLSFO sales
Bunker Energy takes delivery of straight-run 0.5% sulphur fuel, but still calculating pricing rates
- Gourdomichalis Maritime sells first ship in 11 years
Fellow Greek shipowner Niriis is said to be picking up panamax Kavo Manali
- Zvezda in line for $784m LNG carrier subsidies
Russian minister says domestic yard will receive help to build new Arctic ships.
- Euronav steps up summer share buyback
Tanker giant Euronav has taken its summer spending on its own shares to around $14m. Wall Street's largest crude tanker owner has regularly invested in its own equities this year with the latest move its ninth reported purchase since the start of 2019. New Euronav boss Hugo De Stoop connects to company's roots and future challenges Euronav told investors today it had paid €3.5m ($3.9m) for 420,
- OSCAR paddlers to pull hard for cancer patient Billy Bergsland
Participants in sixth annual OSCAR dragon boat race have an added incentive to paddle like never before
- Enagas breathes new life into Canary Islands' LNG-import plan
Spanish energy company is seeking a floating solution for one of two planned facilities
- Slowing global growth dents multipurpose market prospects
Little improvement in rates before 2021 unless demolition picks up
- Haftar recognises NOC as sole Libyan oil exporter
Libyan military leader says Tripoli producer has "exclusive" right to ship out crude.
- Equinor extends Eidesvik Offshore PSV contract
Equinor Energy taken a platform supply vessel (PSV) owned by Eidesvik Offshore for a further six months. Equinor keeps Eidesvik PSV for three years The 6,200-dwt Viking Queen (built 2008) will commence the extension at the end of August in direct continuation of its current contract. The Norwegian oil major fixed the vessel in late April for a firm period of four months with further options, b
- Saga Travel chief executive Robin Shaw: a workaholic who looks forward to Sunday evenings
Saga Travel chief executive Robin Shaw admits to being a workaholic. Married with three children - including eight-year-old twins - he says: "I am one of those sad people who still enjoy coming to work." He joined Saga in 2010, first as chief executive of Saga Cruises before becoming head of Saga Travel in January last year. Before this, Shaw spent about seven years at Royal Caribbean - latterl
- Saga Cruises discovering the US again after long absence
Saga Cruises is returning to the US after an absence of at least eight years. Strict US regulations for visiting cruiseships, including security, meant retrofitting its older vessels became onerous. But the US Coast Guard has been heavily involved in ensuring Saga's two newbuildings are compliant, and the Spirit of Discovery's itinerary includes a 35-night New York and Caribbean cruise in Decemb
- New ships set to transform Saga Cruises' operations
River cruise fleet set for renewal with order for up to two vessels
- Saga Generation sets sail on cruise line's 'boutique' newbuilding
The Spirit of Discovery is honoured with royal naming ceremony as British company sells older ships to make way for £600m-plus investment in new vessels in its diamond year
- Lauritzen Bulkers opens Dubai office
Lauritzen Bulkers is to open a new office in Dubai in August to target the Middle Eastern market. J Lauritzen cuts 15 bulkers in slump "The Middle East region is an important and growing area for us and the decision to open an office in Dubai means we will be closer to existing and new customers, enabling us to further grow our activity there," said Niels Josefsen, Lauritzen Bulkers' chief execu
- Near miss for Costa cruiseship in Venice
Latest incident brings renewed calls for ban in city.
- Japanese ships pass IMO 2020 test
Trials indicate no problems in changing over to low sulphur fuels
- Goundar Shipping could sell fleet in safety row
Fijian company could be shut down by the end of the month.
- Indian owners spurn low rates for IOC VLCC charter
Government policy of first refusal for domestic owners proves unattractive.
- Turkish yard turned owner set to grow chemical tanker fleet
Born out of 2008 financial crash, Med Marine's tanker fleet is set for new deliveries
- Greek cruise pioneer heads to Turkey for recycling
Greek-built Adriana has been sold for scrap as one of the cruise industry's smaller players calls it quits
- Densay picks up Greek handysize but legal row may roll on
Sale unlikely to end owner's bitter battle with lenders
- Wartsila claims hybrid retrofit first for bulkers
Finnish group to install battery and solar system on Marfin ship in Japan.
- Gibraltar confirms full crude cargo on Grace 1
But territory does not reveal origin of oil on seized VLCC.
- China's LNG imports continue to surge, despite policy change
Australia the big winner as trade war costs US exporters market share, says Bancosta.
- Container shipping peak season set to disappoint, says analyst
Muted recovery in freight rates will likely result in tepid third quarter and full-year earnings.
|JULY 9, 2019|
- Drewry: Europe no substitute for China
Exports from Europe to the U.S. are expected to show robust growth this year, but that could change if the U.S. follows through on tariff threats.
- Coalition supports LA Pier 400 plan
The Coalition for Responsible Transportation and railroads weigh in on the port terminal controversy before the meeting of the Los Angeles Harbor Commissioners.
- MSC Gayane's containers transferred to other ships
Mediterranean Shipping Co. said with the exception of a small number of containers involved in the illegal drug shipment investigation in Philadelphia, the rest of the MSC Gayane's containers were transferred to other MSC ships.
- USTR consults South Korea over competition procedures
USTR has called for South Korea to improve its procedures for competition hearings held by the Korea Fair Trade Commission.
- Italian tankers removed from OFAC's embargo list
The U.S. Treasury Department's Office of Foreign Assets Control took PB Tankers and its six tankers off the Specially Designated Nationals and Blocked Persons List after three months.
- Japan ratchets up export controls against South Korea
The Japanese Ministry of Economy, Trade and Industry said it's become increasingly concerned that South Korea's export controls are insufficient for certain "sensitive items."
- Hapag-Lloyd orders 13,420 refrigerated containers
|JULY 9, 2019|
- Gasoline supply concerns push RBOB higher
RBOB futures led the oil complex higher Tuesday as supply concerns came into focus amid reports of fresh US refinery issues and expectations of inventory draws.
- External: Praxis Energy Agents DMCC
- External: Global Risk Management
- China's Hengli, Zhejiang offer relief for Saudi Arabia's faltering crude sales to Asia
Saudi Arabia will likely continue to compete against Russian barrels to protect its market share in China.
- FUTURES: Oil slips after survey on OPEC's compliance to output deal
"Crude price movements were limited ahead of key energy reports," said UOB Bank's said in a note Tuesday.
- ICE LSGO futures speculative net length up 7,272 contracts on week
"I think that people are currently filling up all the stocks and as long as there is contango and ullage, people can do cash and carry," a trader said.
- UK-flagged crude shipment through Strait of Hormuz cancelled after Iran threat
"If Britain does not release the Iranian tanker, it is the duty of the authorities to seize a British oil tanker," Rezai said.