|AUGUST 12, 2019|
- Asia-Europe rate flat at US$810/TEU, USWC off 7.2pc to $1,474/FEU
- Chinese exports rise 3.3pc in July bouncing back from 1.3pc June decline
- Peak season transpacific freight rates sink 25pc below last year's
- China-wide first half port throughput up 5.1pc to 127 million TEU
- US-China trade war raises threat of economic recession in Singapore
- Seaspan profit hits US$454.5 million with 98.4pc ship utilisation
- Newly opened Tanger Med now biggest capacity box port in Africa
- Adani Ports' April-June profit up 47.5pc as volumes hit 1.5 million TEU
- Insurance rate spikes, regulations, low profits take toll on US trucking
- TT Club supports shipping line punishing mis-declaring shippers
- Cebu Pacific takes delivery of first of two converted freighters
- DHL's air cargo falls 5.8pc as sales slide 2.4pc to US$1.34 billion
- Antonov Airlines flies satellite for European Space Agency to Cayenne
|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 12, 2019|
- A flourishing economy
- 22 new locomotives for Spanish ADIF
- Cebu Pacific's first full freighter
- New service from Europe to Nigeria
- Faster coal transport in India
- iHerb chooses Ceva Logistics' eCommerce services
- B&H Worldwide appoints group compliance and quality manager
- Nice welcomes first direct flight from China
- Valenciaport satisfied with latest figures
- New transit service from Korea to Europe launched
- New logistics hub in Ljubljana goes on stream
- Crane Worldwide names Stefan Boehler as VP for EMEIA region
- ECS strengthens customer base in Northern Europe and Turkey
- Port railway shores up operational safety for the winter
- Circle acquires Progetto Adele
- New member of the board of harbour commissioners
- "Curiosity of the Day"
- Red Sea Gateway goes Bangladesh
- Fedex launches new Colombian connection
|AUGUST 9, 2019|
- Carriers accused of creating rollovers to get shippers to pay more
- August will 'get a little rough' for Asia-North Europe shippers
- As Uber bleeds cash, it eyes a saviour in tie-up with freight platform
- Analysis: DP-DHL should heed old lessons on the road to value creation
- CN and CSX ink deal for intermodal service between eastern cities
- Market Insight: Lies, damn lies... and Flexport - is the fierce criticism fair?
|AUGUST 9, 2019|
- Flat batteries can mean MARPOL violations
P&I insurer Gard is warning that flat batteries in bilge alarm monitors may lead to Port State Control problems. Port State inspectors compare the Bilge Alarm data to the entries in the
- Coast Guard approves another Subchapter M TPO
The U.S. Coast Guard's Towing Vessel National Center of Expertise (TVNCOE) posted on its website August 5, 2019, that the Coast Guard has approved Inland Towing Operators Working Together (ITOW) of Robards,
- Hormuz: Iran spoofing bridge to bridge communications?
MARAD has issued a revised advisory for vessels operating in the Persian Gulf, Strait of Hormuz, and Gulf of Oman. It warns that heightened military activity and increased political tensions in this
- Law: Seven leave Ince for HFW
London headquartered law firm Holman Fenwick Willan LLP (HFW) is launching an office in Monaco with the hire of a team to be led by partners Ian Cranston, Andrew Charlier and Marco
|AUGUST 9, 2019|
- Iran responsible for 70% of misrepresented bills of lading
'Shipowners should be aware that there are many bills of lading issued, not by them or their agents, but by...
- Retrofit congestion will fuel cape rates, say owners
The high volume of scrubber installations is causing problems at yards where dry dock times are escalating as owners rush...
- New study underlines poor timing of investing in shipping stocks
It has been found that most of the new equity capital accrues to maritime companies at the peak of the...
- Perception and reality
Latest container volume figures show the reality of falling demand as global trade slows
- IEA signals tanker trouble with crude demand forecast cut
Indications of slowing demand and shrinking exports from the world's biggest crude exporter suggest that the recent gain in tanker...
- US box imports still at near-record levels
Despite the recent imposition of new tariffs of 10% on some Chinese goods entering the US, retail importers expect inbound...
- Global box volume growth brakes sharply
Latest CTS figures show global volume growth at 1.3% in the first six months of 2019 against 4.5% at the...
- The Lloyd's List Podcast: Shipping's pensions pot
We are talking pensions on this week's podcast with Roy Murphy, who is chair of two maritime industry pension schemes...
- Lay-offs start at Harland and Wolff
Temporary unpaid lay-offs imposed by administrator in effort to provide more time to look for commercial solution for troubled engineering...
- Navigator hopeful small gas carriers will strengthen
Rates in the very large gas carrier segment have reached levels not seen since 2015, with the mid-sized sector seeing...
- Ballast Water Management Convention: Fifteen years in the making
The Lloyd's List ballast water webinar, Ballast Water Management Convention: Early learnings and final preparations, will focus on the implementation...
- EuroDry posts loss for second quarter
Greek bulker owner remains keen on M&A opportunities while voicing 'optimism' on market prospects
- Euroseas aims at further feeder expansion
Nasdaq-listed owner sees trade tension risk for otherwise promising prospects for improved market
- Daily Briefing
Box majors clamp down on cargo misdeclaration | Yangzijiang requests trading halt amid rumours about missing chairman | The Interview:...
- CSSC funds dual-fuel feeder newbuilds for Containerships
The shipyard-backed lessor is providing finance in the deal for newbuildings at its own parent group, Lloyd's List understands
- Swire Pacific Offshore first half losses narrow to $81m but rates remain weak
Swire Pacific chairman sees day rates remaining depressed despite signs of recovery in the offshore industry
- The Interview: Caroline Yang
SSA's first female president goes beyond gender boundary to embrace diversity and bolster efforts in digitalisation and green shipping
|AUGUST 9, 2019|
- Top 50 global port rankings 2018
- Matson's expedited China service proves its worth
- NY-NJ makes first delivery with electric drayage truck
- European airport gateways feel cargo slump
- Free SimpliShip API expands digital quoting options
|AUGUST 9, 2019|
- Overseas Shipholding Group looks to recover millions from refinery owner
Overseas Shipholding Group says it is owed seven figures from the bankrupt company behind the exploded Philadelphia oil refinery. In reporting its second quarter earnings, the Jones Act tanker owner disclosed that it had approximately $4.3m in outstanding receivables from Philadelphia Energy Solutions. Philly refinery fire boosts MR product tanker earnings Pyxis Tankers sees Philadelphia refine
- Mermaid wins subsea work in Middle East and south-east Asia
Thailand's Mermaid Maritime has won subsea services contracts worth a combined $7.4m in the Middle East and south-east Asia. Mermaid Maritime denies DSV disposal The Singapore-listed company has secured a nine-month contract with an unnamed a national upstream oil and gas company in the Middle East, commencing this quarter, a filing said on Friday. Mermaid will provide an air dive system and a
- Danske Bank dials down LNG carrier rate forecasts in volatile market
Danske Bank has dropped its LNG carrier rate forecasts given a slower than projected upturn in the market this year. Analyst Anders Karlsen is sticking to his view of an upturn in the second half of 2019 but his revisions impact both that period and the next two full years. "There may be upside potential, but with uncertain outlook for the global economy, LNG demand may also be negatively affect
- Letter to the editor: No divide between maritime lawyers and arbitrators over US arbitration
I refer to the article, "Maritime lawyers and arbitrators divided over a matter of degree" posted on 29 July 2019, and thank you and Mr Juliano for your interest in dispute resolution services in New York and the US. Maritime lawyers and arbitrators divided over a matter of degree With respect to representing parties in an arbitration, there is no divide between "maritime lawyers and arbitrators
- Torm linked to fifth ship sale of 2019 to extend renewal effort
Danish tanker owner Torm is being linked with the sale of a second veteran vessel in quick succession. Torm tipped to sell veteran tanker in latest fleet renewal step Danish shipowner Torm doubles scrubber investment to span half of its tanker fleet If confirmed, it would continue a flow of older vessels out of the Torm fleet as it takes in a vast newbuilding orderbook. Brokers said the 36,900
- Seven leave Ince to join new HFW office in Monaco
The exodus from Ince's Monaco office comes at a time when the firm's international network is changing.
- Tankers International rewriting the rule book ahead of IMO 2020
Tankers International, the world's largest VLCC pool, is putting the finishing touches to a fresh set of rules to accommodate a polarized approach from key members to new IMO 2020 emissions rules. Euronav takes out $100m loan ahead of IMO 2020 International Seaways has the cash, looking to spend Euronav, the largest contributor to the pool, has until now opted against fitting scrubbers on any o
- DOF Subsea fixes anchor handler for UK decommissioning work
An anchor handling vessel owned by Dof Subsea has been fixed to help with decommissioning work on the UK continental shelf. The 4,982-dwt Skandi Skansen (built 2011) will be employed by an unnamed "major operator" in decommissioning subsea infrastructure from the third quarter this year. Dof Subsea seeks to align bond and loan covenants "This is the second award with the same operator in as m
- VLCC spot rates climb to highest level since first quarter
Confidence is growing in the VLCC market with spot rates climbing to the highest level since the first quarter this year. The spike has yet to translate into other tanker sectors but analysts believe it is a question of when rather than if they follow suit. Shell zeros in on owners for world's first LNG-fuelled VLCC Euronav takes heart from six-year low in VLCC orders amid second quarter loss
- CMB ramps up investment in hydrogen-fuelling projects
Belgian shipowner unveils raft of projects in quest for zero-emissions
- LNG as a fuel not a 'dead-end' option despite slow uptake
Classification society Bureau Veritas says fuel is the only established solution to future regulation
- Norwegian shipbuilder Kleven struggles with Hurtigruten cruiseships
Norway's Kleven shipyard is struggling with heavy losses on two exploration cruiseships for domestic Hurtigruten. The first of the two 20,900-gt ships, Roald Amundsen, was delivered from the yard this summer, one year late, due to technical problems. Kleven has not delivered its accounts before 2018 by 31 July, but according to the Norwegian daily, Dagens Naeringsliv, the accumulated losses fo
- Markets yearn for confidence in the face of Trump's tweets
Donald Trump's latest salvo in his trade war with China undermined the confidence given by last week's US interest rate cut
- Singapore students collect $1.6m in maritime scholarships
MaritimeONE and TMSS talent development initiatives see 15% increase in funds paid out.
|AUGUST 9, 2019|
- FreightWaves oil report: just about everything points to lower prices
Prices may have turned higher Friday but there isnt a lot of things going on that point that way in the market.
- DOWN UNDER TRUCKING: police criticize two truckers killed in double head-on crash
In Australia this last week: police criticized two truckers who died in very adverse visibility conditions; a serial trucking offender was hit with a big...
- Freight volumes steady as turbulence hits the stock market
Freight markets were steady this week as tariffs fuel volatility in stocks and bonds.
- When OFAC wants information, exporters better deliver
The U.S. Treasury Department's Office of Foreign Assets Control has started making examples of companies that did not take its administrative subpoenas for information involving...
- CSX and Canadian National to form new intermodal service
CSX and Canadian National's partnership to create new intermodal service between Montreal and Toronto and the greater New York City area is a strategy to...
- YRC counsels patience after poor second-quarter results while investors count their burnt fingers
If YRC Worldwide, Inc.'s (NASDAQ:YRCW) second-quarter results could talk, they would tell investors and shippers to give them the benefit of the doubt. But after...
- Six challenges and changes taking place in last-mile delivery in 2019
Last-mile delivery is critically important to both consumers and the companies that sell to them. Read about six challenges and changes in last-mile delivery.
- Hong Kong protests could lead to tighter air cargo rates
The Chinese government forced Cathay Pacific to sideline some of its staff. That could mean tighter rates for other airlines.
- Agencies propose to expand acquisitions for overseas small businesses
The Defense Department (DoD), General Services Administration (GSA) and National Aeronautics and Space Administration (NASA) are proposing to amend the Federal Acquisition Regulation (FAR) to...
- Greenbrier to expand Arkansas tank car facility
Railcar manufacturer Greenbrier will invest $16 million in an American Railcar Industries facility that produces tank cars.
- Today's pickup: Trucks merit no mention in analysis of road congestion pricing; YRC drivers lose satellite radio
Trucks are omitted from a study analyzing congestion pricing options; YRC scraps satellite radio in cabs; FedEx drops Amazon in dollars-and-sense decision
- Trucking rates fall again
July PPI data showed another decline in trucking rates as yearly growth will likely turn negative soon.
- CBP adjusts merchandise processing fees
Customs and Border Protection has adjusted the amounts for its merchandise processing fees for fiscal year 2020 to reflect changes due to inflation.
- Customs brokers see role in combating counterfeit goods
With their vast knowledge of imports, customs brokers see themselves playing an important role in the battle against counterfeit goods.
- Commerzbank tests blockchain-based payments for machine-to-machine transactions
The blockchain project is in collaboration with Daimler Trucks and seeks to secure and automate machine-to-machine payment processes.
- Tomato Dumping
The Commerce Department's investigation into Mexican tomato exports is set to conclude on September 19th.
- U.S. Postal Service takes another billion-dollar hit
Shipping and packages remained lone financial bright spot in latest quarter.
|AUGUST 9, 2019|
- Low supplies support Istanbul 0.1%S marine gasoil price: sources
Limited supplies of marine gasoil at the Turkish port of Istanbul persisted this week.
- ARA fuel oil stocks down 3% to 1.172 mil mt despite low flows East
Fuel oil stocks in the Amsterdam-Rotterdam-Antwerp hub edged lower 3% to 1.172 million mt in the week to Wednesday.
- Oil settles higher as market sees increased likelihood of Saudi intervention
Oil futures settled higher for a second session Friday as the market looked to reports of an accelerated Saudi Aramco public listing.
- Typhoon Lekima to impact port operations in east China
Tropical typhoon Lekima has gradually begun impacting port operations in eastern China.
- External: Global Risk Management