|JUNE 18, 2019|
- Transpacific carriers expect front-loading, but Asia-Europe to suffer
- China tells US soy shippers to delay shipments as trade tensions mount
- CMA CGM hikes rates from Asia to Med, North Africa from July 1
- Port of Virginia handles 261,000 TEU - busiest May in harbour history
- Study finds negigible eco impact from scrubber wash water in ports
- Gulftainer unit - GSCOO - signs deal to run fourth Saudi port
- China will be hurt more than the US by the trade war: Larry Kudlow
- Chinese automaker rolls out new SUV from Russia's Tula plant
- Shift from land to sea transport helps boost Kochi port's cargo volume
- Dark clouds over Paris air show over grounding of 737 Max
- SAA to shrink freighter fleet after ending overnight deliveries
- Atlas Air appears to score points against pilots union in labour dispute
|JUNE 17, 2019|
- "K" Line bags US award
- Blockchain-enabled TradeLens digital platform launched in St. Petersburg, Russia
- CEVA Logistics & CMA CGM join forces to launch a unique solution for ocean freight containers between Thailand & Laos
- Integrated maritime eCommerce platform launched
- Sevenseas Global Express Logistics Pvt. Ltd moves to a bigger & grand office space in Mumbai
- Spot rates down
- Ministry of Shipping's major achievements in May 2019
- Tema Port expansion project to create prominent container terminal on western coast of Africa
- LogYcode aims at being a leading neutral e-platform, software & information provider for the logistics industry
- India's digital payments transaction value set to more than double, says study
- Upcoming Budget should focus on key issues to boost exports: FIEO
- US-China trade dispute opens up new export opportunity in numerous items, says Commerce Ministry study
|JUNE 18, 2019|
- Full speed ahead
- Algeciras: new vehicles to be launched in July
- Autonomous Vera trucks to run between Swedish hub and port
- Contract logistics strengthens BLG
- Three executives to receive annual Aotos award
- New Skyteam Cargo member adds two Med destinations
- The long journey of the "Chipolbrok Atlantic"
- Kerry Logistics forms joint venture with Correos
- Michael Behrendt re-elected as chairman of Hapag-Lloyd
- US short line railroad refurbishes 37 timber bridges
- New platform for time-critical air charter bookings
- "Curiosity of the Day"
- Zuks Ramasia acts as new CEO of SAA
- Boosting mineral transport by rail along Mt Isa line
- Panattoni builds hub in Wustorf near Hanover
- Environmental laurels for K Line
- Rwandair spreads its wings to China
|JUNE 17, 2019|
- Court orders seizure of five Volga-Dnepr AN-124s on safety grounds
- Shipowners may be ready for IMO 2020, but the bunker market is not
- US pushes for blockchain solution to better control pharma supply chain
- GAC to expand Asia-Pacific contract logistics footprint as demand spikes
- Kerry launches JV with Spanish post office to target Chinese e-commerce boom
- 'Mysterious third party' prepares Shyp relaunch
- Gecas confirms order for 10 B737-800 converted freighters
- Market Insight: Flexport and its 'new way forward'...
- On the wires: Yet another round of financial engineering as Alibaba splits stock
|JUNE 17, 2019|
- USCG continues crack down on Bay Area illegal charter boat operations
The U.S. Coast Guard is continuing its mission to reduce the operation of unlicensed and illegal charter boats in the San Francisco Bay Area. Coast Guard units have recently boarded more than
- Twin Disc names Feiertag president and COO
Racine, Wis., headquartered transmission specialist Twin Disc, Inc. (NASDAQ: TWIN) has appointed James E. Feiertag as president and COO. He assumes the role of president, previously held by CEO John H. Batten,
- MARAD awards $19.6 million in Small Shipyard Grants
U.S. Transportation Secretary Elaine L. Chao today announced $19.6 million in Maritime Administration (MARAD) grants to support capital improvements at 28 U.S. small shipyards as a part of its Small Shipyard Grant
- FCC to crack down on non-compliant AIS use
The Federal Communications Commission is to crack down on the use of "nuisance AIS" transponders deployed on things like fishing nets and widely available from sites such as eBay under the name
- Atlantic Towing orders battery hybrid PSV
Canada's Atlantic Towing Limited, part of the J.D. Irving group, is to add a state of the art Havyard 833 WE platform supply vessel to its fleet - and likely at a
- Titan LNG carries out first barge based operation
Netherlands based Titan LNG reports that it has become the first accredited bunkering supplier to fuel a vessel with LNG using an inland waterways barge. Titan's FlexFueler 001 carried out the operation
- Bridge reopens after being hit by tanker
Lousiana's Sunshine Bridge reopened yesterday after being closed after it was hit by the 45,923 chemical/products tanker Dank Silver. Coast Guard Sector New Orleans received a report 1.30 yesterday, that the Marshall
|JUNE 17, 2019|
- 'Monstrous' week for tanker freights pushes volumes to five-year high
Most trading focused on the TD3 route, covering very large crude carriers shipping 280,000 tonnes from Saudi Arabia to China
- Congo, Togo and Comoros among worst-performing flag registries
Topping the white list are the Isle of Man, with five detentions out of 651 inspections, followed by Bahamas, Singapore...
- D'Amico sells joint-venture tanker
The sale gives DM Shipping a cash generation of $13.2m, net of commissions and payment of the vessel's existing loan
- War risk marine rates 'rise tenfold'
Latest: The Gulf of Oman attacks spurred 'monstrous' volumes traded in freight futures, which reached the highest since 2014, with...
- Asia-Europe box rates continue to struggle
Fresh US tariffs on Chinese exports could further change the dynamics of the transpacific headhaul trade in the coming months
- Seanergy eyes October deadline for scrubbers
The company reported a wider net loss in the fist quarter versus a year earlier due to iron ore trade...
- Hunter agrees sale of new VLCC for $98m
The company says it is in advanced talks to sell a second vessel
- New study claims scrubber wash water has little environmental impact on ports
An analysis carried out on behalf of the Cruising Lines International Association and Interferry by a Dutch research group has...
- Yard-backed CSSC Shipping shares fall on debut after $250m IPO
Stock price closes at HK$1.24 on Monday, against the offer price of HK$1.34, which was already at the low end...
- UK national minimum wage to be extended to seafarers
'This will extend the basic protections from pay exploitation that have been applied and enforced for land-based workers for 20...
- Panama Canal proposes new toll structures
High-volume container users will receive an extra discount under a modified loyalty programme
- Daily Briefing
Iran adds another layer of tension in the stand-off over US-China LNG trade deals | Gulf attacks may lift tanker...
- Tanker attacks add to oil price uncertainties
Before last week's attacks, oil prices had already fallen into bear market territory, dropping by 20% in six weeks to...
- Insurance costs in Gulf of Oman rise following attacks
Oil tanker attacks could result in $65m cargo loss
- Hydrogen production can boost shipping demand, IEA says
A new report by the IEA identifies Japan and Europe as main hydrogen import sources that shipping can serve
- Inpex takes steps toward $20bn Abadi LNG plant
The agreement signed between Inpex and the Indonesian government over the weekend brings the mega-LNG project back on track following...
- Kyushu Electric backs small-scale Australian FLNG
Together with project partners, Add Energy and TechnipFMC, Transborders seeks to develop a small-scale FLNG that will monetise stranded gas...
- Damaged tankers being assessed off UAE
Frontline says it will 'exercise extreme caution' when considering new fixtures in the Gulf region, although the cause of the...
|JUNE 17, 2019|
- Investors aligning with IMO 2050 emissions goals
- Multipurpose index flat in face of slowing economy
- US ag exporters under low-sulfur fuel pressure
- Chicago truckers publishing rail turn times
- Vessel size limit law puts spotlight on Houston channel widening
- Cyber attack hits US LTL trucker A. Duie Pyle
- JNPT users press for review of mixed rail charges
- Chassis provider urges revamp of regional pools
- Consolidation lifts trans-Pacific carrier pricing power
|JUNE 17, 2019|
- Capital Ship, crew charged in pollution case
Capital Ship Management and two crew members aboard one of its ship are facing charges after allegedly dumping oil at sea repeatedly last year. Ioan Luca and Ionel Surla, chief engineers aboard the 115,590-dwt CMA CGM Amazon (built 2015) last year, directed crew members to reroute oily bilge water into a different tank used to collect condensation from the engine's air cooler, according to an ind
- Public appeals judge's decision on Carnival dumping case
US District Court Judge Patricia Seitz imposed a $20m fine on Arnold Donald-led Carnival for violating probation tied to a 2016 felony that came with $40m fine.
- Second LNG carrier homes in on Prelude FLNG
Tracking data show second ship expected within hours while first cargo heads to Asia
- How TEENS is rekindling seamanship in Greece
Shipping tycoon's nautical school seeks to nurture a new generation of mariners
- Titan LNG's new barge performs first bunkering
Company has second unit under-construction and is already working on number three
- ESL parent adds $22.5m credit facility
Aspo, the parent of Finnish bulker owner ESL Shipping, has signed a new €20m ($22.5m) revolving credit facility. The cash is being made available by Danske Bank. The loan maturity is three years. The facility is replacing a prior revolver of the same amount that had remained unused.
- London Club slips to $25.8m loss
High claims costs hit P&I insurers' bottom line.
- Eurobank buys Piraeus Bank's Bulgarian operation
Greek shipping lender Eurobank has completed the acquisition of Piraeus Bank's Bulgarian unit. The combination of the bank and Piraeus Bank Bulgaria (PBB) will have a market share in the country of more than 10%, ranking third in terms of total loans. Stavros Ioannou, Eurobank's deputy CEO, said: "The acquisition of PBB is a major milestone in implementing our strategy to focus on markets where
- US-Cuba cruise ban turns vice on Miami's Big Three
Carnival Corp, Royal Caribbean Cruises and Norwegian Cruise Line Holdings face loss of revenue as premium destination ruled off limits
- BP, Koch suezmax rates spike higher after tanker blasts
Tighter vessel supply, higher insurance and bunker costs are boosting crude tanker rates in the Middle East by WS20 following last Thursday's attacks.
- Renos ruling clarifies 110-year-old insurance act
Law firm Thomas Cooper explains importance of Supreme Court verdict for P&I clubs.
- Russia makes the cut as Paris MoU's white list expands
Lithuania and Russia are the latest countries to be added to the Paris MoU on Port State Control's white list, which comprises vessel registries with a consistently low detention record. The Paris MoU's best performing flags in 2018 The Paris MoU today released its latest performance list for flags and recognised organisations (ROs), which is based on its 2018 inspection results. Some 18 flags
- Maersk eyes Arctic route tie-up with Atomflot
Danish containership giant AP Moller-Maersk is in talks with Russa's Atomflot over a new Arctic shipping service. Maersk completes NSR trial - but no plans to use it yet It told Reuters that it could send more cargoes via the Northern Sea Route (NSR) in partnership with Atomflot's icebreaker operator Rosatomflot. "We have experienced growing demand for transport of goods from the Far East to We
- Burning car carrier abandoned off Philippines
A car carrier has been abandoned off the Philippines after it caught fire. The GMA website cited Philippine Coast Guard (PCG) spokesperson Captain Armand Balilo as saying the ship in question is K Line's 6,400-ceu Diamond Highway (built 2004). It was off Recto Bank in the West Philippine Sea at the time, he said on Monday. The vessel was en route from Singapore to Batangas. All 25 crew were re
- Arne Fredly ups stake in Hunter Group
The Hunter Group investor has spent around $400,000 in boosting his stake in the company to almost 30%.
- Platsidakis goes on a straight-talk campaign over emissions regulation
Putting the onus on owners alone is the wrong way to tackle shipping's carbon footprint, argues major Greek shipping executive
- Cargoship hard aground off Sweden
Divers en route to assess hull damage.
- KOTC tanker and X-Press boxship collide
A Kuwaiti tanker and a feedership have collided at the port of Chittagong in Bangladesh. KOTC, the owner of the 46,000-dwt Burgan (built 2013), said on Thursday the incident was minor, resulting in no spill and no casualties. Photos showed the ship and X-Press Feeders' 1,706-teu X-Press Mahananda (built 2007) initially locked together head-on after the clash. Kuwaiti state news agency K
- Hunter agrees sale of first VLCC for eye-catching $98m
Arne Fredly-backed Hunter Group has defied the sceptics to clinch the sale of a VLCC resale for a whopping $98m. The Oslo-listed company said the unnamed Far East buyer will pay a 20% deposit. The DSME newbuilding will be delivered on 31 October. Will Fredly be able to sell newbuilding duo? It said it was "still in advanced discussions regarding the sale of a second vessel." TradeWinds report
- Hapag-Lloyd to redeem $314m bond
German container line Hapag-Lloyd is buying back a €280m ($314m) notes issue to boost its capital structure. The debt carries 6.75% interest to 2022. 'Manageable' orderbook can prevent 'big crisis' in container shipping, says Hapag-Lloyd The owner is paying a fixed redemption price of 103.375%, mainly using cash. But '100m will come from an existing credit facility. "The complete repayment of
- GasLog Partners seals LNG carrier period deal with Gunvor
Fixture will have a variable rate of hire across the charter period based upon an agreed range.
- Scale and length of any escalation will decide tanker sector's fate
Braemar tanker research guru Anoop Singh outlines possible scenarios that may develop in wake of Thursday's attacks
- Thorco Cloud salvage operation to kick-off Tuesday
MPA to establish 400 metre-wide exclusion zone in Singapore Strait ahead of project start-up.
|JUNE 17, 2019|
- Ships damaged in suspected attacks arrive in Kalba
The U.K. reportedly will send 100 Royal Marines to the Gulf of Oman to protect British vessels and the U.S. will "guarantee freedom of navigation throughout the strait," Secretary of State Mike Pompeo said.
- NYSHEX helps carriers and shippers 'play effectively'
With expanded offerings, New York Shipping Exchange users now will be able to request binding contracts for multiple weeks at multiple ports.
- Doctor sentenced for falsifying DOT medical exams
- Small shipyard grants totaling $19.6 million awarded
- Executive Moves: Team Worldwide, LCPA
- Panama Canal issues proposal to modify tolls structure
- ITC launches Africa trade investigation
- Trade secrets theft charges filed against Tricon, owner
- Kerry Logistics, Correos form e-commerce partnership
- FMC reviews nine OTI license applications
|JUNE 17, 2019|
- Buying spree continues in 3.5% FOB Rotterdam barges, loading delays ease
Strong buying activity in the Platts Market on Close assessment process for 3.5% FOB Rotterdam barge has created a busy loading schedule for the final weeks of June in Rotterdam, though loading delays have fallen from earlier in the month, sources said.
- Oil settles lower amid dimming demand outlooks
An afternoon selloff pushed oil futures to settle just off session lows as economic growth concerns weighed on demand outlooks.
- New study finds limited environmental impact from scrubbers' wash water: CSA
CE Delft expects to complete and publish the full study this summer.
- Asian tanker, LNG shipowners maintain heightened security levels on Middle East transits
"The longer-term implications for the tanker market are dependent on what happens next," Broekhuizen said.
- Singapore ex-wharf 380 CST bunker premium recovers to 4-month high as inflow drops
The fuel oil arbitrage flow into Singapore over June was expected to be lower with supply tightening further in July, sources said.
- External: Global Risk Management
- FUTURES: Oil higher on heightened trade, geopolitical risks
Oil prices are also getting pressure from concerns about slowing oil demand growth, sources said.
- G20 ministers urge more energy security cooperation after oil tanker attacks
They stressed the need for "reliable energy infrastructure to prevent energy supply disruptions".