|JANUARY 17, 2019|
- Shanghai still world's busiest box port, followed by Singapore
- Container shippers likely to face a bumpy year ahead
- US reaches out to China to engage in high-level trade talks to end the row
- US naval chief to meet Chinese counterpart in Beijing
- EU's single maritime reporting system welcomed by shipping industry
- Angry Eurotunnel chief slams UK government for 'no-deal' shipping contracts
- Singapore to host 22nd Ballast Water Management Conference in February
- Menzies Aviation launches two new operations in Australia
- Heathrow's 2018 flat air cargo growth
- Emirates SkyCargo to offer cargo service to Bogota via Maastricht
|JANUARY 16, 2019|
- Allcargo Logistics employees contribute towards Kerala flood relief effort
- CMA CGM Group supports innovation in order to revolutionise urban agriculture & give containers a second life
- Nine months' exports up in dollar & rupee terms
- Freight forwarders ready to clear up the mess left by politicians regarding Brexit, says UK freight forwarders association
- Govt in plans to integrate mechanisms from April to help track movement of goods & check GST evasion
- Policy seeks to make India among top five air freight markets by 2025
- Cabinet approves recapitalisation of Export-Import Bank of India
- Exports facing uncertain global cues & domestic challenges, says FIEO President
- Shippers & consignees to make their presence felt at BHP-MALA 2019
|JANUARY 17, 2019|
- Desert border crossing open again
- Combatting frustration on the truck ramp
- Beacon finds new traction lessee in Spain
- Rhenus Alpina snaps up document destruction specialist
- Liverpool - permanent substitute for Felixstowe
- German air service provider orders B737 p2f
- Cologne/Bonn airport recruits new CFO
- Calpac joins Cargo Connections
- Polish terminals get better link to Duisburg
- More leviathans for Synergy to manage
- Experts take seats on Baltic Exchange Council
- Airship maker grounds prototype, plans production
- Bangladesh Railway ordering big locomotive batch
- DSV goes shopping in Basel
- "Curiosity of the Day"
- Major chemical player expands in port of Antwerp
- First monthly cargo decrease for three years
- Magdalena in charge of Noatum Terminal Castellón
|JANUARY 16, 2019|
- DSV's 'opening gambit' for Panalpina could trigger rival bids
- Logistics industry urges UK to prevent disorderly Brexit but vows to 'clear up the mess'
- Blockchain start-up OpenPort goes into liquidation as cash for new tech companies runs dry
- Maersk to begin random container inspections over safety fears
- 2M makes Liverpool transatlantic TA4 call permanent
- TfL hits back at haulage claims that low-emission zones don't work
- Supply chain radar: Panalpina takeover - here comes the bidding war
- EU court paves way for $2bn UPS claim over TNT bid
- Supply chain radar: DSV bids for Panalpina at Sfr170 a share
|JANUARY 16, 2019|
- R-R sells its Dynamic Positioning product to Thrustmaster of Texas
- CMA names John Hadjipateras as its 2019 Commodore
- Aegean says court move positions it to quickly emerge from Chapter 11
- Jensen provides design for Shaver Transportation's latest tug
- Klaveness picks Marlink for integrated satcom and IT management
- BAE Hawaii awarded $9.6 million for DDG 97 SIA
- Singapore's PSA Marine takes delivery of 25 m Incat Crowther crewboat
- Gladding-Hearn Shipbuilding retrofits Delaware Bay pilot boat
|JANUARY 16, 2019|
- Fairfax closes second tranche of $1bn Seaspan investment
Fairfax's aggregate shareholdings in Seaspan now total about 36% of shares outstanding
- Geopolitical confrontation still a major concern for World Economic Forum
While environmental issues have moved to the top of the risk agenda for the World Economic Forum, geopolitical risk remains...
- Fuel testing promises positive 2020 fuel quality but compatibility issues remain
Industry testing on ultra-low sulphur fuels about to enter the market suggests promising consistency when it comes to quality
- Ocean Alliance shrinks to fit demand
Ocean Alliance total capacity increases, but number of ships and services is cut
- BPA calls on UK to clarify 'alternative' Brexit plan
BPA wants UK to do 'whatever is necessary' to avoid a disorderly exit from the EU. Separately, Kuehne + Nagel...
- World boxship fleet update: A cautious outlook
Low-sulphur regulations will push up demolition ahead of 2020, but a large idle fleet will still put pressure on carriers
- Dockers and crane drivers will be obsolete by 2040
Rise in global seaborne trade to protect highly-skilled seafarers' jobs
- DSV makes bid for Panalpina
Panalpina board considering $4bn cash and shares offer that could see formation of global logistics giant
- IMB flags growing concern over piracy in the Gulf of Guinea
There were 201 reported incidents of piracy and armed robbery against vessels in 2018 compared with 180 in the same...
- Wheat trade promises bulk carrier tonne-mile boost
As Australia suffers a significant hit to its wheat exports, Asian wheat importers have consolidated their dominance over Argentine and...
- Daily Briefing
Stena agrees car carrier venture with Hyundai Glovis | SDTR signs 10 kamsarmaxes at Dalian Shipbuilding | Better late than...
- Maersk brings digital street turn service to US and Canada
The platform already facilitates an average of 2,000 transactions a day in other countries and frees customers from the administrative...
|JANUARY 16, 2019|
- Longer US shutdown equates to more cargo pain points
- Shippers regaining US truckload contract leverage
- Equipment exchange will propel Mexican intermodal
- US intermodal's last battle? Equipment types
- Schneider taps broker software to lure trucks
- Forwarders prep for hard Brexit after deal rejection
- DSV's bid for Panalpina rides consolidation wave
|JANUARY 16, 2019|
- Carnival brings on new board member
Carnival Corp has appointed Katie Lahey, executive chairwoman, Australasia, for Korn Ferry, to the company's boards of directors, effective immediately. She is also chairwoman of the Tourism & Transport Forum Australia, and a non-executive director of Star Entertainment Group. She previously served as executive chair of Carnival Australia, a division of Carnival plc, from 2006 to 2013. She wi
- Royce drops $2.4m in shipping stocks
New York small-cap investor lessens positions in Seacor Holdings, spin-off Seacor Marine Holdings and Ardmore Shipping Company.
- Court denies NuStar's bid to collect on OW bill
A US federal appeals court has shut down NuStar's attempt to collect part of a $2.99m fuel bill owed in the aftermath of the OW Bunker collapse. The Fifth Circuit Court of 'Appeals reaffirmed that NuStar Energy Services did not hold liens against Cosco. It said the San Antonio company was relying on a "too speculative chain of possibilities" in arguing that it would 'receive any of the money. US
- John Angelicoussis sits top of the crude tanker tree
Banchero Costa places Greek tycoon as leading owner in the segment ahead of state-backed and stock listed giants.
- Blystad trims Songa Bulk stake for second time
Blystad has sold a stake equivalent to 2% of the company's share capital since 20 December
- Swiss river cruise operator Scylla takes polar plunge
Switzerland's Scylla is joining the growing ranks of cruise operators entering the polar expedition cruise market. The Baar-based company has purchased the 6,700-gt expedition cruiseship Bremen (built 1990) from TUI subsidiary Hapag-Lloyd Kreuzfahrten. Scylla will take delivery of the ice-classed, 155-passenger Bremen in May 2021. The price it is paying for the vessel remains undisclosed. Scyll
- Ineos gears up for its first VLEC as keel laid on second
Ineos Trading & Shipping is gearing up to take delivery of its first chartered-in very large ethane carrier newbuilding as work start on a second ship for the company. Ineos to take one Evergas VLEC newbuild The 85,000-cbm newbuilding Marlin is due for delivery from Dalian Industry Shipbuilding Co this quarter. The ship, which has been built by an affiliate of Jacques de Chateauvieux's Jaccar
- Norwegian Car Carriers eyes growth after profitable year
Norwegian Car Carriers has an eye on growth after a second successive profitable year in 2018, its chief executive says. NOCC newbuilding fixed for eight years NOCC reports profit in 2017 NOCC is owned by Klaveness Marine Holding and US-based JP Morgan and boasts six modern vessels and a 21-year-old ship. It has ambitions to grow the fleet, but any plans to order new ships have been put on hol
- Seaspan frees up more ships as de-leveraging continues
Owner now has more than 30 ships without debt.
- Philippines could buy Hanjin's Subic yard
The Philippines government is seriously considering buying the restructuring Hanjin Heavy Industries & Construction (HHIC) shipyard in Subic Bay. President Rodrigo Duterte is "very receptive" to the idea, according to defence secretary Delfin Lorenzana. "While we sympathise with the financial woes of Hanjin, we are excited by this development because we see the possibility of having our own ship
- BW Group closes book on Hafnia Tankers takeover
BW Group has closed the book on its takeover of Hafnia Tankers to create a future public company with more than 100 ships. Hafnia-BW merger set to kick off club changes Selective growth in store for super-sized Hafnia after BW Tankers deal Privately-owned BW has a long-held ambition to list its product tanker fleet, while Hafnia has explored joining a major stock exchange in the past to provide
- Maersk and MSC vessels ditch Felixstowe for Liverpool
The Port of Felixstowe is counting the cost of its TOS system failure, which caused huge disruption at the port in 2018
- Ocean Alliance unveils new service with 330 ships
The Ocean Alliance boxship partners have revealed their new service for 2019 involving 330 ships. CMA CGM will deploy 111 of these, with the others coming from Cosco, OOCL and Evergreen. Global Ship Lease inks two more charters with CMA CGM CMA CGM becomes first ocean carrier listed on Freightos Called Ocean Alliance Day 3, the new network will launch in April. It claims to be the world's lar
- Contracts are key as Gunvor wins Yemen demurrage case
A UK high court case involving Gunvor tanker shipments into Yemen has highlighted the importance of demurrage wording in charter contracts. The trader was claiming payments for delays from buyer CruGas Yemen, which entered into COAs for petrol to be shipped in 12 monthly consignments to Hodeidah on various ships sourced from owners by Gunvor's Clearlake. After several liftings the buyer was in d
- Damaged Hadjiyiannis containership sold for scrap
Victim of collision with Tunisian ferry is heading for demolition
- Rosneft reveals orders for 19 more tankers, OSVs at Zvezda
Russian energy giant Rosneft has revealed orders for 19 more tankers and offshore ships at its new domestic Zvezda shipyard. It said the yard's backlog grew 42% in the second half of 2018 to 37 vessels. Novatek reserves slots for 14 Arctic LNG carriers worth $4.45bn Sovcomflot signs first LNG-fuelled product tanker newbuildings order Rosneft has ordered 26 vessels itself, including 12 shuttle
- Ocean Yield and Okeanis Eco Tankers strike suezmax sale and leaseback deal
The transaction is the latest tie-up between the two companies.
- Court orders liquidation of Bharati yard with debt of $1.6bn
An Indian court has ordered the liquidation of bankrupt shipbuilder Bharati Defence and Infrastructure. The move means more than 850 people will lose their jobs and lenders can wave goodbye to much of the INR 111.37bn ($1.56bn) owed to them, the Hindu Business Line reported. The insolvency court in Mumbai rejected the resolution plan submitted by corporate restructuring firm Edelweiss Asset Reco
- Southernpec Corp sends FSO for scrap
Chinese bunker supplier Southernpec Corp is scrapping a floating storage and offloading unit. Demolition brokers say the 299,000-dwt Marine Star (built 1994) has been sold as is in Malaysia for $410 per ldt, or $16.8m. The ship is likely to be torched in Bangladesh, they say. Southernpec did not respond to requests for comments. It bought the tanker as La Madrina from Tsakos Energy Navigation
- Open-loop ban hurts scrubber economics for shipowners and manufacturers
China becomes latest country to restrict use of the most popular exhaust gas cleaning system
- Aegean Shipping offloads young MR2 product tanker
Melissanidis outfit nets $26m in sale to Chinese owners as it prepares aframax and kamsarmax expansion
- Hedge your bets against IMO 2020 'once-in-a-generation disruption'
It's too late for scrubbers, says Enerjen Capital, the start-up that aims to democratise bunker hedging for shipowners large and small
- Saevik company tapping bond for $29m
The Saevik family investment company Havilafjord is contemplating a bond tap of up to NOK 250m ($29.3m). It wants to add money from its five-year NOK 750m issue due in 2023. The maximum available under the note is NOK 1bn. Havilafjord owns shares in Saevik-backed Norwegian ferry giant Fjord1. The cash position of Havilafjord is NOK 78.4m, it said. Fearnley Securities and SpareBank1 Markets ha
- Shipping stocks in calm waters despite Brexit plan defeat
UK and Europe a side-show in terms of global trade, leading analyst says.
- MOL homes in on charterers for fresh LNG newbuilding
Japanese shipowner extends LNG newbuilding position at DSME to up to four vessels as it targets new business
- INEOS pumping $3.4bn into Antwerp port chemicals plant
Chemicals conglomerate INEOS is investing EUR 3bn ($3.4bn) in a new plant at the key Belgian tanker port of Antwerp. It is the largest sum to be pumped into the European chemical industry in 20 years, the port said. The cash will create 400 new jobs as UK group INEOS expands its chemical production facilities. It plans to build a brand-new propane dehydrogenisation (PDH) plant and an ethane cra
- Sandvik overboard as power runs low at The Fjords
Rolf Sandvik is quitting as CEO of Norwegian cruise company The Fjords. He has led the operation since its formation in January 2015 by Flam AS and Saevik-backed ferry group Fjord1. Vidar Haustaker, the CFO of The Fjords and Flam AS, will act as interim general manager until a permanent replacement is recruited. The Fjords has launched a new breed of environmentally friendly, passenger focused
- Chelsea scraps $96m preferred share sale
Philippines tanker owner Chelsea Logistics Corp (CLC) has scrapped a plan to raise up to PHP 5bn ($96m) in a stock sale. It had said in September it would issue up to 3m preferred shares. The company, controlled by Dennis Uy, said it would disclose another fundraising plan in the future. The cash was wanted to fund expansion and acquisitions. CLC also said that antitrust watchdog Philippine Co
- Fairfax closes second round of $1bn Seaspan investment
Fairfax Financial Holdings has closed the second tranche of its $1bn investment in Seaspan Corp. Seaspan says Fairfax bought $250m of senior notes and warrants which were immediately exercised to double the proceeds. Seaspan lines up new $150m revolver The additional capital is earmarked for growth and debt repayment, investors are told. Fairfax first linked up with Seaspan last March with the
- VIDEO: Livestock carrier drags anchor off Turkey
A Lebanese livestock carrier has run aground after dragging its anchor in a storm off Turkey. Video footage showed the 3,500-dwt Wardeh (built 1998) listing in the surf near Mersin on Tuesday. Two crew were on board and authorities intended to evacuate them. Local media said the ship had been anchored for months in the harbour. Operator Khalifeh Shipping Lines has been contacted fo
- Gotland ice-class MR tankers secure long-term charters
Brokers say Clearlake has taken four 53,100-dwt vessels for two years at more than $12,000 per day each plus profit share
- China's Chengxi Shipyard makes debut in reefer sector
State-owned yard bags Dole contract for two newbuildings with reefer-plug capacity for 910 units
- Grounded cargoship to be lightered off Sweden
No pollution reported from Rix Emerald outside Landskrona.
- UCL: hydrogen and ammonia are the fuels of the future
Expert says bulk of world's fleet will end up running on electricity-generated fuels.
- Greek FSRU project delayed by six months
Country's first floating LNG-import terminal won't now start until the second quarter of 2021.
- Mexico's anti-fuel theft drive causes tanker traffic jam
Government action has caused huge backlogs at ports as companies await vehicles to distribute imported fuel.
- Scorpio Tankers announces reverse stock split
Product tanker specialist says move will improve marketability and liquidity of its shares.
- Kim Heng Offshore eyes move into bunker tanker sector
Singapore-based offshore marine and engineering company says asset play involving vessel acquired at auction has sparked its interest in new sector
- Chinese sights on Subic Bay could mean yet another spiky government intervention
Speculation puts state-owned shipbuilders in the lead for control of Philippines facility but will China's involvement be at the expense of the free market
- Sembcorp Marine nets first LNG carrier-to-FSRU job
An LNG carrier has gone into Singapore's Sembcorp Marine shipyard for conversion into a floating storage and regasification unit for what could be the world's first floating gas-to-power project. Tracking data show that the MOL-controlled, 127,000-cbm LNG carrier Dwiputra (built 1994) arrived at the yard on 25 December, after exiting lay-up in the region. MOL and Karpowership set to team up on F
|JANUARY 16, 2019|
- DSV makes acquisition bid for Panalpina
Months after being rejected by CEVA, the Danish logistics company offered $4 billion for Panalpina.
- Former Deputy USTR: USMCA passage open question this Congress
Former Deputy U.S. Trade Representative John Veroneau said the passage of the trade agreement is very much an open question this Congress, as several variables are in play.
- FedEx Express acquisition to expand Israel presence
The express carrier reached a deal to acquire the international express business of Israel-based Flying Cargo Group.
- GlobalTranz snaps up Our Freight Guy
The purchase of Our Freight Guy marked GlobalTranz's eighth acquisition since January 2017.
- Street turn interest continues to grow
There is growing interest in "street turns" where equipment is interchanged between importers and exporters at locations other than marine terminals and container yards.
- OCEAN Alliance to revise global network
The new network, scheduled to launch in April, will involve the deployment of about 330 containerships with a carrying caapcity of around 3.8 million TEUs across 38 services.
- Executive Moves: UPS, Imperial Logistics and CII
|JANUARY 16, 2019|
- China's Zhoushan port tops as biggest bonded bunker fuel supplier with sales up 97% in 2018
The port in the free trade zone in eastern Zhejiang province supplied a total 3.59 million mt of bonded fuel oil in 2018.
- European refiners boost LSFO production in preparation for IMO 2020
European refiners are increasing low sulfur fuel oil production in preparation for the January 2020 implementation of a 0.5% global marine fuel sulfur cap, sources said.
- Bunker supplier Aegean expects to emerge from Chapter 11 around end of Q1 2019
Aegean Marine Petroleum stated in a press release Wednesday that following approvals by the US Bankruptcy Court that they expect to emerge from Chapter 11 around the end of the first-quarter of 2019.
- Bunker supplier Peninsula launches Canaries physical supply operation
Gibraltar-based marine fuels supplier Peninsula Petroleum has launched a new physical supply operation this month at Las Palmas, Gran Canaria.
- China to grant first crude import license to independent trader
The license will enable Zhejiang Wuchan Zhongda Petroleum to deliver crudes into the International Energy Exchange run by the Shanghai Futures Exchange.
- S Korea's SK Innovation to receive Iran condensate cargo from late Jan
It will be the first arrival of Iranian oil into South Korea since it received a sanction waiver from the US to purchase Iranian oil in early November.
- Pakistan, Saudi Arabia in talks to develop $10 billion oil refinery in Gwadar
A 200,000 to 300,000 barrels a day oil refinery in Gwadar district is planned to help alleviate trade deficit.
- EIA sees muted price impact from IMO 2020 marine sulfur cap
Price effects will be most acute in 2020, but will diminish over time, EIA said in its Short-Term Energy Outlook.