|AUGUST 13, 2019|
- 10,070-TEU APL Le Havre ablaze off India's Gujarat coast
- Global box growth rate revised downwards to 2.5pc: Alphaliner
- Hutchison Ports to build new box terminal at Egypt's port of Abu Qir
- HKTDC seminar checks out ways and means of exiting China
- Prepare fuel tanks to meet IMO 2020, says Intertek's technical chief
- South Carolina ports cargo throughput up record-breaking 5pc in July
- Boston's Conley container terminal hits record 307,331 TEU in FY2019
- FedEx breaks away from Amazon partnership to serve broader range
- CN and CSX intermodal meant to challenge to east coast trucking
- China's producer price index falls to -0.3pc in July, hit by trade war
- United States new heavy-duty truck orders in July lowest since 2010
- Port of Chittagong moves up to 64th spot in world's top 100 box ports
- Beijing tells Cathay to ban protesting staff from China flights
- Hong Kong's status as global hub at risk as Reds increase local role
- Cathay offers new fire-containment bag for lithium-ion batteries
|AUGUST 12, 2019|
- APM Terminals Yucatan to expand & modernise Progreso terminal
- APSEZ registers all-round growth in Q1
- Cochin Shipyard keen on inland waterways vessels segment
- MOL & COSCO SHIPPING Energy Transportation host event on future of LNG business
- New Panama Canal tolls structure proposal
- ZIM announces new Central America-Caribbean service
- Countervailing duty may be imposed on certain steel products from China, Vietnam
- Mansukh Mandaviya visits JNPT for an overview on the port; lays foundation for additional liquid cargo jetty
- AMTOI holds 20th AGM & organises knowledge session
- FFFAI calls for collaboration with Nepal Freight Forwarders Association to increase bilateral trade
- Logistics leasing crossed 13 m sq. ft in H1 2019; records 31 pc growth year-on-year: CBRE
- WCO publishes e-commerce package
- China's imports from US fall by 19 pc in July amid trade war
- Global cotton prices down on weak demand & higher production, says ICAC
|AUGUST 13, 2019|
- Two new special trucks to salvage vehicles
- BLG handles logistics for fischerwerke
- Eastern Europe prefers electric locomotives
- Bruce A. Fenimore and Sara Mayes to receive CII awards
- New entity for exchange of port information
- Caribbean Airlines Cargo teams up with Alaska Airlines
- International routes for new Swedish airport
- Heaviest jumbo train completes successful trial run
- Lothar Thoma replaces Heinz Senger-Weiss
- K Line's new design for an LNG carrier
- AIT Worldwide Logistics acquires US freight forwarder
- DB Schenker tests nationwide use of exoskeletons
- Twelve roundtrips between Luxembourg and Trieste
- ZIM launches Americas service
- Saudia Cargo launches express product for heavy shipments
- "Curiosity of the Day"
- New contact persons at Royal Air Maroc
|AUGUST 12, 2019|
- Another box ship crew scramble for their lives as containers catch fire
- Booming commercial letter traffic heads for digital channels
- 'White list' trade tit-for-tat spat between South Korea and Japan
- Hong Kong Airport cancels flights as protestors lay seige to terminals
- CargoLogicAir CEO David Kerr to quit
- On the wires: YRC Worldwide is stressed - anybody interested?
- Supply chain radar: Uber Freight - a 'hidden gem' worth billions... or peanuts?
|AUGUST 12, 2019|
- Jotun Signs 42 Vessels HPS Contract with Wallenius Wilhelmsen
Jotun, Sandefjord, Norway, signed an agreement August 8 with Norwegian company Wallenius Wilhelmsen to provide its Hull Performance Solutions (HPS) anti-fouling coating system across 42 vessels in the leading shipowner's advanced Ro/Ro
- Port of Los Angeles Breaks July Record with 912,154 TEUs
For the fourth consecutive month, the Port of Los Angeles has set a new single-month cargo record. In July, the port moved 912,154 twenty-foot equivalent units (TEUs)-the busiest July in the port's
- PetroLogistics Awards McDermott with FEED Contract for 500 KTA Gulf Coast PDH Project
McDermott International Inc. announced August 12 that it has been awarded a sizeable contract by PetroLogistics ll LLC to perform the front-end engineering design (FEED) services for a propane dehydrogenation (PDH) facility
- ABB Names Björn Rosengren as CEO
The board of ABB has unanimously appointed Björn Rosengren as its CEO. He will join ABB on February 1, 2020, and succeed CEO Peter Voser in this role on March 1, 2020.
- MARAD Seeks Comments on Domestic Maritime CoE Designation Policy
The U.S. Department of Transportation's Maritime Administration (MARAD) recently announced progress in establishing Centers of Excellence for Domestic MaritimeWorkforce Training and Education (CoE), which would recognize and support community colleges and training
|AUGUST 12, 2019|
- Aframax earnings under pressure as North Sea and Baltic crude exports drop
Refinery closures, pipeline problems, unscheduled maintenance and unplanned outages at oil fields have all lessened demand for aframaxes
- One seafarer missing after fire on supply vessel in Bay of Bengal
The Indian Coast Guard is dealing with the second reported fire in the region in recent days
- Grains from Black Sea provide some support to dry bulk market
Strong exports from the Black Sea region expected to continue over the coming months, says grains consultancy BullPositions
- Maritime industry must open up about cyber crime
Organisations within the maritime industry are often reluctant to report cyber attacks for fear of reputational damage
- China's Asian rivals begin to take up the slack
Vietnam sees the fastest growth in exports to the US in the wake of the Sino-US trade spat
- Pyxis posts second-quarter loss despite uptick in rates
Nasdaq-listed owner of six tankers sees net revenues decrease to $6.5m, from $7m in the same quarter a year earlier
- Clarksons reports difficult year for its financial division
Clarksons says it had a particularly strong performance in its broking division in the first half of the year
- Daily Briefing
Iran responsible for 70% of misrepresented bills of lading | Global box volume growth is braking sharply | The Lloyd's...
- The Standard Club gains Hong Kong licence
New branch will be led by Michael Turnbull as chief executive
- APL containership catches fire off Indian coast
The were no reports of injuries to the crew and initial checks showed the vessel is stable. The vessel has...
- Kidnapped Turkish crew released
Nearly a month after 10 Turkish crew were abducted from the Turkish-flagged 8,928 dwt Paksoy 1 general cargo vessel off...
- Merger with CSSC won't create a monopoly, says CSIC chairman
Chairman of China Industry Shipbuilding Corp claims the two only account for less than 50% of the country's total shipbuilding...
- Ezion suffers from delay in rescue plan
The group also had to dump assets in a weak market and cut rates as it struggled to keep afloat...
|AUGUST 12, 2019|
- Toepfer Multipurpose Index gains in August
- Plunge in US imports from Asia signals weak peak
- Debate over India cabotage flares again
- M&A, larger ships ramp-up Asia transshipment competition
- US East Coast reaps gains from rise in Mexican ro-ro
- Hong Kong airport chaos hampers air cargo
- US domestic intermodal weakest since Great Recession
|AUGUST 12, 2019|
- Andersen takes over at Avance Gas
Ulrik Andersen has taken the reins at Avance Gas - along with the option to buy 750,000 shares. The John Fredriksen-backed, Oslo-traded gas carrier owner disclosed Monday that Andersen had been issued the options, which vest annually over the next three years and come with a five-year term. BTIG backs Avance Gas to swing back to black as VLGC rates spring to life Avance Gas eyes Fredriksen-driv
- Turkish seafarers kidnapped in Nigeria released
The 10 seafarers returned home Sunday after being kidnapped 15 July
- Carnival names new chief ethics and compliance officer
Arnold Donald-led company is required to create such role as part of $20m fine for violating five-year probation tied to environmental wrongdoing.
- ITF agrees Strait of Hormuz 'extended risk zone'
Crew entitled to improved wages and benefits if vessel is attacked
- Pioneer Marine relives 'unpleasant memories from 2016'
Torben Janholt-led handysize specialist turns a profit in the second quarter amid challenging market.
- Ardmore Shipping explains rare step of revealing net asset value
Differences in methodology aside, the Irish tanker owner's self-reported valuation is generally in line with analysts' estimations
- APL containership hit by fire off western India
A fire broke out aboard an APL boxship off the coast of western India Friday night. According to the Indian Coast Guard and local media reports, the fire started on the 10,106-teu APL Le Havre (built 2012) while the ship was about 40 nautical miles offshore. The cause of the fire is not known, but it reportedly struck four containers. All 26 crew members are said to be safe. One seafarer killed
- Macroeconomic fears sting shipping stocks to wipe out this year's gains
Shipping stocks have felt the force of the latest shots fired in Donald Trump's trade war with China with market turbulence in the past week wiping out year to date climbs. Red arrows were seen in every core shipping market last week as LNG carrier and dry bulk owners joined tanker and LPG peers in seeing their market values fall as a group. "Investors are fearing demand growth and the global
- One seafarer killed in anchor handler fire off India
A seafarer has died and another is missing following a fire onboard an anchor handing supply tug off the coast of India, according to reports. Kastrup out as APL CEO, Courquin in The blaze broke out onboard the 3,955-hp Coastal Jaguar (built 1983) near the port of Visakhapatnam on Monday, The Times of India reported. Twenty-eight of the vessel's crew were rescued by the Indian Coastguard, acc
- Eagle Bulk Shipping reloading shelf after $122m purchase
Eagle Bulk Shipping is feathering its potential war chest for possible purchases with a $750m shelf filing. Nasdaq-listed Eagle has logged the fresh shelf filing following a major summer swoop for six ultramax bulkers. Thanassis Martinos back in S&P market with Norden supramax buy Eagle Bulk Shipping eyes growth options after six-ship deal While a shelf filing does not mean a further equity ra
- Vitol deepens tanker ownership with Navios Acquisition VLCC purchase
Trading giant Vitol is believed to have deepened its interest in VLCC ownership with the purchase of a tanker from Navios Maritime Acquisition. Multiple brokers are connecting the London headquartered company with the acquisition of the 305,100-dwt Nave Electron (built 2002). Angeliki Frangou's Navios Maritime Acquisition sells oldest VLCC Vitol shows tanker appetite with time charter of quar
- Swedish shipowner Gotland disposes of two product tankers
Swedish tanker and ferry owner Rederi AB Gotland is selling two of its product tankers. US brokers say the Guangzhou built 39,000-dwt Alice (built 2013) and the sistership Ami (built 2012) have been sold for $40m enbloc. Laurin Maritime buys back tanker from KS owner It is being suggested that Amoretti Armatori of Italy is the buyer. Officials at both the seller and reported buyer have yet t
- Fearnleys chief Kristian Sorensen expects 'nice year' after 2018 revenue jump
Operating margin remains steady but broker's chief executive says political instability could have an impact on S&P deals
- Pyxis Tankers stays in the red during 'choppy' second quarter
Eddie Valentis backed Pyxis Tankers chalked up a second quarter loss in a difficult freight market. The product tanker specialist booked a $1.6m loss in the three months to the end of June, a little deeper than the $1.3m red number seen a year earlier. Valentis, chief executive of Pyxis, said in a statement the company has expected the chartering environment for product tankers to be choppy in t
- APL and Vale buck demolition trend to send boxship and bulker for scrap
APL and Vale are sending ships to Alang despite a depressed scrap market
- Andi Case rules out newbuild 'shock wave' and eyes capital markets 'game changer'
Orderbook not a threat to shipping industry's rebound
- Scotland's Ferguson yard sunk by LNG-fuelled ferry job
Revived privately-owned Scottish shipyard to go into administration amid talk of nationalisation plan
- Siem Offshore sells multipurpose PSV to Nigerian owner
Siem Offshore has sold a multipurpose field and ROV support vessel (MRSV) to buyers in Nigeria. Kristian Siem steps back on to Siem Offshore board The Oslo-listed owner has signed an agreement to sell the 4,214-dwt Siem Marlin (built 2009) for an undisclosed price. The buyer is Lagos-based Marine Platforms, an oil services company that operates in Nigeria and the African continent, according
- Reederei Krey snaps up Nord/LB MPP duo in fleet renewal bid
Acquisition of pair is an 'opportunity', says German shipowner
- Clarksons books 'robust' first half performance as shipbroking results shine
Shipbroking giant Clarksons has chalked up improved first half results in the face of a weaker dry cargo market, an ongoing trade war between the US and China and a period of constrained capital markets activity. London-listed Clarksons pointed to a strong showing from its shipbroking operation for the improved numbers and remains confident of an ongoing recovery in shipping markets and a disrupt
- Stevenson signals Diamond S Shipping set to renew its MR fleet
Connecticut-based shipowner knows the time is right as average fleet age hits 10 years
|AUGUST 12, 2019|
- Wayne State University launches new mobility center
The Center for Advanced Mobility marks another stage in the evolution of Detroit as a hub for new transportation technologies.
- UPS takes rare step outside four walls, names Pepsi executive new CFO
UPS hires Pepsi executive as CFO in rare move going outside the company
- Crew safe after container fire on APL Le Havre off India Coast
A container fire aboard the APL LeHavre comes as many liner companies are cracking down on misdeclared cargo.
- Temperature-controlled storage provider sees "favorable" outlook
Americold Realty Trust sees favorable refrigerated warehouse supply and demand dynamics continuing.
- First quarterly drop in USPS' package, shipping volumes in nine years sends warning flares
USPS' first quarterly decline in package volumes in 9 years throws up warning flares over lost business from its biggest customers
- Pakistani startup Airlift raises $2.2M as investors flock to transit-hailing apps
Traffic congestion in the developing world is driving a flourishing on-demand bus market.
- Former Delta Air Lines safety chief sworn in to lead FAA
Dickson will take on oversight of Boeing 737 MAX grounding.
- Service reliability issues and trade uncertainty could help push U.S. rail volumes lower
U.S. rail carloads no longer appear to be following the lead of broader economic indicators. Why? Look to concerns about rail service reliability and trade...
- Marine terminals look to tech to keep trucking on track at ports
Shifting rules at marine terminals pose challenge to drayage.
- The six most common reasons cargo gets held up in customs
Learn about the six most common reasons cargo gets delayed during the customs process.
- Deliveroo is leaving the German last-mile food delivery market
U.K.-based Deliveroo is exiting Germany, citing difficulties in maintaining the level of customer service that it offers across its other markets.
- Today's pick-up: Son of Spaghetti Junction; YRC in consolidation mode
Atlanta is building Spaghetti Junction II. UK drug companies will take matters into their hands to get goods to market in no-deal Brexit; YRC consolidation...
- Commentary: The logistics of a college football game
College football season is about to start (YES!!!). This article focuses on the logistics of moving a college team's equipment from its home location to...
- Air Canada boosts Transat bid by C$200 million
Canada's largest airline gets backing from Transat's largest investor for C$720 deal after real estate developer attempted to block acquisition.
- Does Hong Kong airport closure signal troubled days ahead for air cargo?
Continued cancellations could have a marked impact on air cargo.
- Feds fund trucking improvements at the Port of Montreal
Canadian government to invest C$18.5 million for logistics system, bridge, signs and "intelligent" communications to boost flow of trucks as part of a broader effort...
- U.S. Energy Projections to 2050
EIA projects that, for the first time since the 1950s, the United States will export more energy than it imports by 2020.
- Port Report: NY-NJ port moves container via electric truck
Third busiest U.S. port prods carriers and owner-operators to use low- and zero-emissions trucks.
- Redwood Games raise $130,000 for juvenile diabetes research
The seventh annual Games were the biggest yet.
- BREAKING NEWS: Hong Kong Airport Shutdown
All flights into and out of Hong Kong have been shut down by the Hong Kong Airport Authority owing to the occupation of the airport...
|AUGUST 12, 2019|
- Argentina's populist opposition win may put energy investment hold
Argentina's leading opposition coalition, a left-wing populist alliance that ruled the country from 2003-15, swept the national primaries on Sunday.
- US shale oil output to climb 85,000 b/d on month in September: EIA
US shale oil output will increase to nearly 8.77 million b/d in September, up 85,000 b/d from August.
- Oil slightly bullish, shrugging off tumble in equities
Crude futures held in positive territory Monday, even as equities tumbled on global growth concerns.
- Saudi Aramco expands in India with deal for Reliance Industries' stake
- Portuguese hauliers start indefinite strike action
- External: Global Risk Management