|JULY 17, 2019|
- Kuala Lumpur seizes Beijing cash, threatening China's Belt and Road plan
- CMA CGM hikes Asia-North Europe rate to $1,150/TEU from August 1
- Hong Kong Harbour down all around in June's container throughput
- China's quarterly GDP growth slows to 6.2pc as trade war bites
- China snubs US reform demand by reinforcing state-run economic model
- Maersk's APMT wins latest round in automating the Port of Los Angeles
- China slowdown palpable, swine flu worse than reported, Xi urges action
- Philadelphia lawyers explore ins and outs of cocaine laden vessel forfeiture
- New services afoot in European rail freight with focus on China expansion
- ICTSI Pakistan launches rail freight service to Lahore from Karachi port
- LNG carrier to be designed by China and Lloyd's Register as demand rises
- Boeing's 737 MAX likely to remain out of service until January 2020
- FedEx plane makes emergency landing in Bangalore, cites technical issue
- Industry-wide air cargo volumes fall 5.1pc , but Turkish Cargo up 7.1pc
|JULY 16, 2019|
- New Africa India Middle East service from Oct.
- Steel exports down
- Sahibganj multimodal terminal to open up alternate route for Nepal-bound cargo
- Draft National Logistics Policy outlines trade growth
- Govt to reduce time for granting environmental clearances
- India's goods & services trade in June 2019
- Integrated textile parks being facilitated
|JULY 16, 2019|
- Driver shortage 'not a big deal', although wages are on the rise
- Mangoes head to sea as Maersk Line steps in to replace lost Indian air cargo capacity
- JB Hunt second quarter results: "some positives in a weak environment"
- AF-KLM Cargo follows in Virgin's footsteps with Accenture partner platform
- Carriers vs forwarders - who is going to represent forwarders' interests in carriers' blockchain plans?
- FIATA's Young Freight Forwarder of the Year finalists head to Cape Town
- MSC forks out $50m to get cocaine-bust ship trading again
- Robots alone can't save Amazon's labour woes
- Supply chain radar: When the going gets tough, JB Hunt delivers - out of deep value territory now?
- On the wires: Will shining star DHL Global Forwarding offset weakness elsewhere within DP-DHL?
|JULY 16, 2019|
- VIDEO: Boka Vanguard transports Carnival Vista to Grand Bahama Shipyard
Royal Boskalis Westminster N.V. (Boskalis) has successfully loaded the 3,394 passenger cruise ship Carnival Vista on its semi-submersible heavy lift vessel Boka Vanguard and transported it to Grand Bahama Shipyard in Freeport,
- Fincantieri Marinette Marine names retired admiral as president
The Board of Directors of Fincantieri Marinette Marine Corporation named retired Navy three-star admiral Richard W. Hunt as the president of the shipyard at its annual board last week. "This move is
- First towboat involved in multiple sinking pulled from river
Some more details have now emerged about the triple towboat sinking near Hardin, Ill. that occurred July 5 after a moored deck barge to which the three were tied started taking on
- ABS and MOL ink gas carrier MOU
ABS and Mitsui O.S.K. Lines Ltd. (MOL) have signed a Memorandum of Understanding (MOU) to collaborate on up to 14 new gas carriers. The agreement covers seven new-build Very Large Ethane Carriers
- Van Oord orders third dredge at Keppel FELS
Rotterdam headquartered Van Oord has exercised an option to build a third trailing suction hopper dredge at Singapore's Keppel FELS shipyard. Like two dredges ordered from Keppel Offshore & Marine by Van
- Austal says ferry orders boost earnings outlook
Australian shipbuilder Austal Limited (ASX:ASB) is raising its earnings outlook, based on its healthy backlog of commercial ferry orders. Following preparation of its preliminary FY2019 results and its outlook for FY2020. Austal
- Philly Shipyard wins first ship repair contract
In its latest quarterly report released today, Philly Shipyard reports that currently, there is no shipbuilding or repair activity at the shipyard and all production facilities are idle and both graving docks
- Gulf Coast assesses aftermath of Barry
Flood warning remained in effect in some areas this morning as the remnants of what is now Tropical Depression Barry left the Gulf Coast area, but left trailing rain bands that drenched
|JULY 16, 2019|
- Britain to send third warship to protect shipping in Gulf
Britain will send a third warship and a military tanker to the Gulf as Iran's supreme leader threatened the UK...
- Hapag-Lloyd and ONE expand African ocean freight connections
New Middle East-India-Africa Express service part of plan to integrate growing African market more tightly into global networks
- British-flagged ships exit Gulf amid Iranian threats
Commercial shipping interests in the UK are working with the Ministry of Defence to defuse escalating tension in the Middle...
- Between the Lines: Alliance reshuffle to shake up transpacific
With roughly half of US imports from China now subject to a 25% tariff, and almost the entirety of Chinese...
- US 'shooting from hip' on Iran sanctions, says IG head
'There are more curveballs, but we are there to engage with governments on behalf of owners, to make sure there...
- Trafigura scraps third-party arrangements
The decision comes months after Brazilian authorities began probing trading houses
- Lack of standardisation hampering port automation
Various equipment and IT systems that constitute the automated terminals are unable to exchange information in a meaningful and efficient...
- Fuel prices take another volatile turn
Ready demand in Rotterdam is discouraging suppliers from bringing cargoes to Singapore
- Turkish cargo ship crew abducted off Nigeria
A Turkish-flagged general cargo vessel was attacked this past weekend
- MSC secures bail release of vessel seized by US in drugs raid
But the ship remains subject to possible forfeiture if the investigation links senior crew members with the cocaine haul
- Odfjell sells Chinese terminal stake to Yangzijiang Shipbuilding
Odfjell sells 55% share in Jiangyin terminal for around $46m and expects $21m gain
- Legal bid to block release of Iranian tanker
'It is a judgment against the government of Iran, and it would appear that the government of Iran own at...
- Keppel seals contracts worth $96m
The contracts are the third orders of the vessel types for each of the clients respectively
- Inmarsat deal facing competition review
UK competition authority will investigate if private takeover harms competition
- Bunker costs to rise by half on Asia-Europe trades
Bunker adjustment factor calculator shows bunker costs rising to $81 per teu on some trades
- Daily Briefing
Venezuela mimics Iranian sanction-evasion tactics | Cosco Shipping may join digital standardisation group | UK prepared to released Grace 1...
- Enesel behind suezmax brace at Samsung
Orders bring Greek group's tanker order book to nine vessels
- Total awards initial design contract for Oman LNG Bunkering project
Total first signed a Memorandum of Understanding with Oman to develop natural gas resources and an LNG bunkering service ...
- China LNG demand to slow on trade spat with the US
Economists have slashed China's economic growth projection following another round of US tariffs on Chinese goods. This will not bode...
|JULY 16, 2019|
- Cooling warehouse market gives shippers limited relief
- Measures threaten owner-operator model in New Jersey: truckers
- US truckload spot rates slip, uncertainty stays
- Europe looks to subsidies for road to rail freight shift
- Temporary MSC suspension shakes confidence in C-TPAT
- Intermodal has hit rock bottom: J.B. Hunt
- Europe shippers standing firm on low-sulfur fuel charges
- Integration of 3PL, software systems comes to forefront
|JULY 16, 2019|
- Blackstone & Gold aims to be a disrupter of corporate hierarchy
New player launches as Singapore's first commodities and energy law firm
- DSME takes slow and silent approach to Solidus LNG system
Yard readies and refines LNG cargo containment design for future projects
- Notorious disaster ferry Norman Atlantic reaches end of the road
Controversial ropax wreck heads to Turkey for recycling after nearly five years sitting in Italian port
- Gunvor sues Torm, Valero over bad cargo
Commodities trader Gunvor has sued Torm and Valero, accusing the duo of bringing it damaged cargo, costing it at least $1.65m. The lawsuit, filed last Friday in Houston federal court, says Gunvor bought 300,000 barrels of naphtha from the Texas oil company and enlisted the 49,757-dwt Torm Thunder (built 2015) to deliver it last autumn. Lawsuit claims Valero may have provided defective fuel to mo
- Nakilat brings in Al Jazeera to polish image
On Watch: TradeWinds' weekly column taking a sideways look at shipping news
- Investigators struggle to deliver incident probes to IMO deadline
German accident investigator outlines how complex probes are putting a strain on resources
- Volatile bunker prices contribute to capesize rate hike
Period rates for bulkers are still holding firm, showing the strength of the market
- Seven Islands adding five more tankers
Prem Watsa-backed company still expanding after Torm and Sovcomflot deals
- Downing extends summer sell-down of Braemar Shipping Services stock
Downing has extending a summer sell-down of its holding in London-listed Braemar Shipping Services. The UK investor was Braemar's leading shareholder at the start of this financial year in March but has now sold over half of that position. Downing dials down holding in Braemar Shipping Services A fresh filing today showed Downing to hold just 894,455 shares in the company. Its reduced 2.85% st
- Pirates seize 10 seafarers from cargoship
Turkish vessel Paksoy-1 boarded off West Africa.
- Tsakos Energy Navigation tanker heads for Total charter
Total is being named as the charterer of a Tsakos Energy Navigation suezmax tanker which is switching from the spot market to period business. Enesel adds to crude tanker drive with suezmax duo at Samsung Heavy Industries Tsakos Energy Navigation strikes three-year suezmax tanker charter New York-listed TEN announced last week a 36-month deal worth $23m in revenue, without revealing further d
- Cosco Shipping Development keeps $1.3bn private issue alive
Cosco Shipping Development (CSD), the financing arm of Chinese state conglomerate China Cosco Shipping, is keeping its long-awaited CNY 8.6bn ($1.25bn) private issue alive. According to exchange filings, CSD has been exchanging opinions with China Securities Regulatory Commission lately over the issue of A-shares that will be listed on the Shanghai Stock Exchange. Cosco posts weaker 2018 results
- Petrobras charters 10 product tankers in one fell swoop
Union Maritime, Eastern Pacific and a trio of Greek owners among those to secure MR business in Brazil
- Iran 'assisting' missing Iraqi tanker
Foreign ministry says Riah encountered technical problem in Gulf.
- James Fisher buys tanker and wins deals for finding old bombs
The handysize tanker will be used to fulfill a five-year Royal Navy bunkering contract.
- Trafigura calls time on third-party deals
Trader and shipowner will continue to use shipping agents, but there will be no new business development agreements.
- Bob Burke's Ridgebury Tankers lines up $82m suezmax swoop
Bob Burke's Ridgebury Tankers is lining up the purchase of four suezmax tankers hot on the heels of a successful VLCC asset play, market sources say. Ridgebury is plotting the potential $82m move for four ships managed by Konig, TradeWinds understands. It would mark Ridgebury's first purchase this year and its first suezmax acquisition since 2016. Market sources say Ridgebury is seeking capita
- Danish OSV owner files for bankruptcy
Blue Star Line says cancelled charters proved the last straw.
- Mercator stretches $16m bond repayment date
Restructuring Indian owner amends terms of issue, but will pay more interest.
- Odfjell sells terminal to Yangzijiang Shipbuilding for $46m
Norwegian tanker owner "tags along" as partner LG offloads port interests.
- If you want to play it safe, real change must come from the top
Senior management need to demonstrate a personal commitment and lay out a clear vision
- Philly Shipyard remains idle as cash burn goes on
US shipbuilder still seeking new orders as it keeps on 80 staff
- LNG trading platform Spark Commodities prepares for launch
LNG trading platform Spark Commodities has moved into testing phase and is gearing up to go live. Backed by data intelligence company Kpler and EEX Group-controlled Powernext, Singapore-based Spark is aiming to apply technology to the LNG market so players are able to hedge their freight rates. First Baltic Exchange LNG index to go live next week Spark managing director Tim Mendelssohn, who for
- Shipowners offer in on Shell LNG bunker vessel newbuilding
Offers are now in from parties interested in providing energy major Shell with an LNG bunker vessel (LNGBV) newbuilding. Total and Shell float tenders for large LNG bunker vessels Those following the business said that, because the requirement is essentially a new design of about 18,000 cbm, some of the bidders needed more time to prepare. That led to the deadline being extended from 28 June to
- Embattled Zolotas wins rare court victory in Cyprus
Ex-NewLead chief to call for money-laundering charges to be dropped as local judges cancel 2016 arrest warrant
- Vroon seals three-year charter extension
Dutch owner Vroon has clinched a three-year charter extension for an anchor-handler in Thailand. The 65-bp VOS Ares (built 2012) has been kept on by PTTEP, it said. This commits the ship until at least June 2022. The unit operates as a production-support vessel, forming part of PTTEP's core fleet. It has "performed well for PTTEP in the Bongkot field since October 2018," Vroon said. "The ex
- Boskalis heavylifter hoists Carnival Vista from Caribbean
Dutch contractor's vessel completes loading operation in 12 hour non-stop operation
- Israeli group tries to block Grace 1 release
Activist organisation goes to court in Gibraltar seeking damages for alleged Iranian terrorist acts.
- Veronica continues to impact Rio Tinto iron ore cargoes
Shipments by Australian mining giant disrupted for the second consecutive quarter.
- Forty passengers rescued from grounded Singapore ferry
Accident involving high speed vessel said to have been caused by heavy rain and bad weather.
|JULY 16, 2019|
- MSC Gayane allowed to sail
Ship arrested after record cocaine bust is released after $10 million in cash and $40 million surety bond are posted.
- CBP making gains on fentanyl trafficking
A House subcommittee told Tuesday CBP fentanyl seizures thus far in FY19 equal all of FY18.
- 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.
- Manufacturers push for USMCA passage
"The certainty that comes from having USMCA in place will allow us to continue to invest in manufacturing in the United States with confidence," says General Motors CEO Mary Barra.
- CAI controls destiny with logistics business
After 38% growth in 2018, the company says it is optimistic about continued expansion.
- Canadian forwarders prepare to go paperless
Canada's freight forwarders are working with the Canada Border Services Agency to test the processes for the country's new paperless export reporting system, which is scheduled to become the only way to file this information by June 1, 2020.
- Executive Moves
- Canadian Pacific's Q2 profit jumps
- FMC reviews 26 OTI license applications
|JULY 16, 2019|
- Brazil's Enauta applies for license to expand Atlanta field: IBAMA
Brazilian independent oil and natural gas producer Enauta has applied for an environmental license for full development of the Atlanta field, where drilling to boost output from an early production system is currently underway, according to documents obtained from federal environment regulator IBAMA.
- FUTURES 6: Oil settles lower amid signs of US-Iran rapprochement
Oil futures settled sharply lower Tuesday after White House statements pointed to a potential thaw in Middle East tensions.
- External: Global Risk Management
- Russian investors plan $4 billion refinery in Zambia
The unnamed investors seek to invest $2.5 billion in the new facility near Ndola, with construction of the plant starting within the next six months.
- US July middle distillate deliveries to Europe at 1.13 mil mt: cFlow
Only two vessels left the US Gulf Coast for Europe in the past week, according to cFlow.
- Key infrastructure in US Gulf Coast reopens as storm Barry weakens
Tropical Depression Barry "is fading as a tropical system" into what the National Weather Service calls a "remnant low".