|JULY 16, 2019|
- Asia-Europe off 1.7pc to US$676/TEU, USWC up 0.4pc to $1,659/FEU
- Shanghai box throughput increases 5.1pc in first half to 21.54 million TEU
- Panama-flagged 1,595-TEU Soul of Luck rams pier, topples Java gantry
- ONE takes delivery of 7th containership in a series of 14,000-TEU newbuilds
- Trade experts discuss US-China trade war on panel in Washington, DC
- China's Belt and Road now expected to build 60-mile Tallinn-Helsinki tunnel
- Facilities shortage spawns crisis at Durban harbour slowing citrus exports
- CargoSmart and major ports, carriers start converting to blockchain
- Gulf of Guinea world's worst hotbed of pirates: IMB report shows
- Bridge alarm systems are failing, causing 'alarm fatigue,' survey shows
- 5th Maritime Silk Road Port International Cooperation Forum held in Ningbo
- UPS expands express freight services to 2,300 postal codes in Russia
- Delta second quarter cargo revenue plunges 17pc to US$186 million
- British Airways to be fined US$230 million for failing to stop cyber hack
|JULY 15, 2019|
- APL introduces America Central America Caribbean service
- Dry bulk carriers seen in demand
- Extra Risk Coverage Surcharge in Venezuela
- Global Shipping Business Network services agreements inked with maritime industry leaders
- Indian Register of Shipping takes over Chairmanship of IACS
- Key highlights of Sea Cargo Manifest & Transhipment Regulations effective from Aug. 1
- MOL names new LNG carrier
- More cargo vessels of IWAI given to private shippers to boost inland waterways transport
- NYK to build new energy-saving bulk carrierunder long-term charter contract
- PIL upgrades South-East Asia-Australia services
- South Korea maintains top spot in global shipbuilding orders for the second month in June
- US announces plans to create multinational military coalition to safeguard waters around Iran, Yemen & shipping lanes in the Gulf
- Vado Gateway terminal in Italylaunched to customers at key events
- India will fulfil all its commitments regarding Iran's Chabahar Port, says Ambassador
- Dachser India receives IATA CEIV Pharma certification
|JULY 15, 2019|
- Korean Air Cargo suspends transport and cargo handling services at three hubs
- Hapag-Lloyd and ONE expand services for Africa market with new launch
- US rail freight operators won't copy hauliers by trading price for volume
- Amazon rolls out Transparency fake goods detector system to Europe, Canada and India
- Ezyhaul raises $16m to expand trucking app into Indonesia and the Philippines
- Blockchain startup processes $1bn in trade finance
- China reports lowest GDP growth on record as US trade war bites
- Market Insight: Q&A with K+N's Bob Mihok - what 'competitor Maersk' and other carriers are doing 'is nothing new'
- Supply chain radar: FedEx between a rock and a hard place after disastrous M&A
|JULY 15, 2019|
- BHP tenders for LNG fueled ore carriers
In a massive vote of confidence in LNG as a marine fuel, mining giant BHP has released the world's first bulk carrier tender for LNG-fueled transport for up to 27 million tonnes
- Damen picks Wärtsilä for second large dredge
Damen Shipyards Group has again selected Wärtsilä to provide the main propulsion solutions for a large Marine Aggregate Dredge (MAD). The dredge is being built for the U.K. company Hanson Aggregates, a
- B.C. shipyard wins contract for four steel barges
Following an open and competitive process, Public Services and Procurement Canada, on behalf of the Canadian Armed Forces, has awarded a contract of C$1,996,439 (about US$15.3 million) to Canadian Maritime Engineering Ltd.,
- Cybersecurity and the ferry operator
Ferry operators are adopting new technology that leverages advances in digitalization, but that could increase the vessel's cybersecurity vulnerabilities. At the same time, shoreside booking operations that result in online interactions with
- These dark paints defeat the heat
Although white paint doesn't look clean for long, marine coatings of a darker shade absorb more heat pushing up the ship's heating, ventilation, and air conditioning (HVAC) requirements and fuel costs. Now
- MAN in three-way agreement on engine digitalization
MAN Energy Solutions has signed a strategic agreement with South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) and HSD Engine (the former Doosan Engine). Continuing a long relationship, the three companies now
- C-Job to open Houston office
C-Job Naval Architects, the largest independent ship design and engineering company in the Netherlands, is aiming to expand its business in the United States by opening a dedicated branch office in Houston
|JULY 15, 2019|
- ABS to class up to 14 new MOL gas carriers
The memorandum of understanding cover seven VLECs and up to seven LNGCs
- Venezuela mimics Iranian sanction-evasion tactics
Venezuelan-linked oil vessels are using methods similar to those used by Iranian-linked in an area off Malaysia to disguise the...
- Inmarsat targets shipping's data usage spike
Inmarsat braces for more satellite orders to expand broadband coverage after Arctic boost
- Rising supply of crude and ships seen outpacing crude demand growth
Decline in cargoes for export sees supply of tankers often outpace demand in the Middle East Gulf
- Singapore's yard merger faces a bumpy road
One of the two yard groups involved, Sembmarine, has yet to fully clear its name in a multi-year anti-corruption probe...
- Safe Bulkers starts scrubber programme
Post-panamax is one of 20 that shipowner has earmarked for fitting
- Inpex's LNG project in Indonesia back on track
This is seen as one of the first few positive outcomes of President Joko Widodo's recent election win for international...
- Cosco Shipping may join digital standardisation group
Capt Xu said the state conglomerate 'just needs a bit study' to see how much achievement the organisation can make
- Equinor set to drive Asia's first floating offshore wind project in South Korea
Equinor had earlier this year signed a Memorandum of Understanding with KNOC to jointly explore the opportunities to develop commercial...
- Daily Briefing
Capesize gains spread to other segments | UK shipping emissions plan is an era-defining moment | Maritime safety in focus...
- Containership hits crane at port of Tanjung Emas
The accident occurred reportedly due to problems with the tugs assisting the berthing
- IACS chairman to focus on data-driven policy
IACS plans to take a larger role in industry matters with a view to provide value added services to owners...
- Imports from China decline at LA/Long Beach
US imports from China fell 12%, according to the US Census Bureau, the biggest decline since the financial crisis a...
|JULY 15, 2019|
- Port of NY-NJ looks to develop wind energy terminal
- MSC vessel seized in drug bust released
- Bill would guarantee C-TPAT benefits, suspension relief
- Infographic: US-bound truckload growth test border crossings
- MPV/HL rates weakening as market sags
- New Santos chief seeks port shake-up
- Shippers seek sharper logistics software interfaces
|JULY 15, 2019|
- Business as usual at AMP despite turmoil at parent company CLSA
Series of defections rock Hong Kong investment bank, but shock waves have not hit shipowner
- Ship & Shore sends ancient asphalt tanker to Alang
Scrapping of Nigeria's unwanted tanker fleet expected to accelerate ahead of IMO 2020
- CLdN Cobelfret behind ro-ro order at Hyundai Mipo Dockyard
Belgian shipowner orders newbuildings to replace order cancelled at Croatia's struggling Uljanik Group
- BW moves more Dorian shares
The BW Group has sold off another chunk of Dorian LPG. This time, the Andreas Sohmen-Pao-led company dumped more than 600,000 shares, bringing its total position in the Connecticut-based LPG carrier owner under 7 million shares to 6.6 million. BW Group takes Dorian LPG selldown to $5.7m with latest share sales Last summer, BW attempted a takeover of Dorian LPG, but was rebuffed by founder John
- Parakou Shipping sued over damaged crane barge
A Dutch offshore company is looking to seize a Parakou Shipping-owned bulker after one of its crane barges was damaged while unloading cargo. Conquest Offshore filed suit last Friday in Jacksonville, Florida federal court alleging concrete dust kicked up while the 35,200-dwt Pretty Team (built 2013) discharged concrete in Alabama in March caused at least $1.5m in damage to the nearby Conquest MB1
- Royal Caribbean heads to court over 'typosquatting'
Talk about a bad typo. Royal Caribbean Cruises filed suit in Miami federal court last Thursday, alleging a Florida outfit called Catch All Investments violated trademark law by registering royalcaribbeam.com - then redirecting traffic to that URL to Norwegian Cruise Lines' website. The lawsuit accuses Catch All of "cyberquatting" and "typosquatting." Carnival is 'always going to build new ships
- Dilemma for lines with Panama Canal move to reduce draughts
Rising freight rates could be undermined as containership operators inject more capacity into the Asia to US East Coast trade
- Five seafarers released from Greek aframax
Crew heading home to India following Indonesian detention.
- VLCC charter marks rare deal between Chinese and Taiwanese state firms
A division of China Merchants Energy Shipping looks to have secured long-term business for one of its VLCCs in a deal which has the market pondering if the summer momentum has been maintained. CPC Corp of Twiwan has booked a vessel from CMES company Associated Maritime on a three year contract, brokers say. It comes at time of strong sentiment in the tanker market in the buildup to IMO 2020 an
- AP Moller-Maersk buyback passes $600m with latest swoop
AP Moller-Maersk has snapped up over $200m worth of its own shares in a further acceleration of a buyback programme. Maersk starts $1.5bn buyback programme AP Moller-Maersk heads into uncharted waters as historic shift in strategy unfolds It means Maersk has now acquired around $630m worth of stock this summer as part of a $1.5bn initiative. Maersk's latest purchase comes amid an upturn in its
- Safe Bulkers installs first scrubber, 19 to follow
US-listed Safe Bulkers said on Monday it installed its first scrubber and that it is sticking to a plan to do the same on half its fleet. The 89,000-dwt dry bulk carrier Martine (built 2009) became the first Safe Bulkers unit to be equipped with the open loop, U-type, Alfa Laval PureSOx scrubber, the company said in a statement. Installation took place at Cosco Guangzhou shipyard. Safe Bulkers i
- Equinor swoops for North Sea supply ships
Norwegian major fixes trio from September as rates rise.
- Golden Energy wins more work for PSV duo
Norwegian owner extends deals with Wintershall and Shell.
- VLCC resale prices to pass $100m in up-cycle, says Fearnley Securities
Tanker owners are set to see market headwinds turn to tailwinds with the value of steel on the water forecast to spike as the up-cycle unfolds, according to Fearnley Securities. Koch strikes VLCC charter that raises questions over Hunter sale Arne Fredly's Hunter Group poised to pocket highest VLCC resale price in half a decade Analysts Espen Landmark Fjermestad and Peder Nicolai Jarlsby calcul
- Shell seeks a barge-based FSRU for Brazilian project
Energy major is looking for something small-scale but Golar LNG also has bigger ideas in the same area
- TradeWinds survey: IMO 2020 and decarbonisation
Have your say on shipping's answers to climate change.
- Royal Niestern Sander rebuilding ropax to run on LNG
Dutch yard signs deal with Ems for major conversion of Munsterland
- Enesel adds to crude tanker drive with suezmax duo at Samsung Heavy Industries
Deal rekindles long-standing relationship between Greek shipowner and South Korean yard
- Eletson sells oldest LPG carrier trading in Singapore's E3 Pool
Indonesia's Soechi Lines said to be buying the 16-year-old Mathraki, to become its youngest unit
- GEV to benefit as Meridian eyes FSRU sale
Australian owner has stake in company looking to offload UK gas project.
- Port of Napier plots $158m IPO
New Zealand terminal wants to build a new wharf to berth bigger ships.
- Belships subsequent offering raises less than half of target
Belships has sold just over one-third of the shares available in its subsequent offering, which followed the private placement in May. Belships private placement falls short of target The Oslo-listed bulker owner had set a target of NOK 11.2m ($1.3m) in the repair offering, but ended up raising around NOK 3.9m ($457,000), according to a filing on Monday. Up to 1,603,128 new shares were offered
- Total revamps two CS1-type LNG carriers
Total and its shipping partners are carrying out an overhaul of two vessels the French energy major acquired when it bought Engie's downstream LNG assets last year. Total acquires new shipowning company under Engie LNG sales The 154,472-cbm LNG carrier Gaselys (built 2007) arrived at Malaysia Marine and Heavy Engineering in April. Data shows the vessel remains at the repair yard three months aft
- Flex LNG shares pop amid talk of floating storage business
John Fredriksen's Flex LNG saw its shares race out of the gate in Oslo this morning amid suggestions of potential floating storage business in the market. Flex stock saw its largest climb this year, rising by 6.5% in early trading in Oslo, Bloomberg noted. Fredriksen's Flex LNG lists on New York Stock Exchange Flex LNG to become first Fredriksen firm with in-house management While rates for co
- Bigger fleet boosts Nakilat profit
Qatar owner benefits from adding two LNG carriers and an FPSO.
- UK P&I Club winners point the way to safer shipping
Young shipping professionals show they have the solutions to some of shipping's deep-rooted safety problems
- Greek boxship destroys crane in Indonesia
Soul of Luck believed to have suffered minor damage in Semarang.
- Shipowners have invested over $1 trillion in tonnage since 2009, says Clarksons
Figures include newbuildings and secondhand purchase over ten-year period, says Clarksons
- Equinor to build floating Korean offshore wind farm
Norwegian state-owned oil company teams up with local players to build first such project in Asia.
- UK says Grace 1 can leave as arrested crew released
Iran foreign minister says his country wants to resolve issue and is not seeking to escalate
|JULY 15, 2019|
- Port report: Support for blockchain platform
Shipping lines and ports operators have committed to help establish the Global Shipping Business Network.
- Commentary: Understanding railroads' earnings
How to read the Class I railroads' second-quarter earnings reports and what questions to ask.
- Bridge work to cut border wait times
Laredo Mayor Pete Saenz highlights improvements being made to the World Trade Bridge at the Texas-Mexico border.
- Trump won't curb uranium imports
The president opted instead to direct the establishment of a working group to examine the U.S. nuclear fuel supply.
- Oakland exports up, imports down in June
The port is cautious about the outlook for trade as peak season for containerized cargo approaches.
- Barry still flooding parts of South
The Port of New Orleans has reopened, although the remnants of Hurricane Barry are producing drenching rains.
- Hapag-Lloyd, ONE launching Africa service
Middle East-India-Africa Express (MIAX) is scheduled to start operations in October.
- House bill aims to upgrade CTPAT
Louisiana Rep. Clay Higgins introduced legislation to reauthorize and enhance the functionality of the CBP's Customs Trade Partnership Against Terrorism Program.
- Gulf of Guinea becomes piracy hotspot
During the first half of 2019, the International Maritime Bureau said 62 seafarers were taken hostage by pirates in the Gulf of Guinea.
|JULY 15, 2019|
- External: Global Risk Management