|JUNE 19, 2019|
- BIMCO has 'low expectations' of world shipping demand growth
- Hapag-Lloyd levies GRI from Japan to Middle East from July 1
- Pelosi picks Democrats to lead new-NAFTA talks as Trump urges speed
- Global Ship Lease charters 2,824 and 5,095 TEUers to Maersk, MSC
- Disingenuous Deep State slow marches licensing 18-year-old truckers
- Hamburg to regain former glory with upgrading of Elbe fairway
- London September conference of Marine Salvage and Casualty response
- CMA CGM makes inaugural call at Port Tampa Bay with PEX3 service
- US Department of Transportation launches port infrastructure plan
- Incidents of piracy, armed robbery in Asia fall 22pc in May
- CyberLogitec launches OPUS Terminal M operating system
- HK to meet UN's export cargo screening rules before June 30, 2021
- Delhi logistics EFL launches weekly Doha-Pittsburgh freighter operation
- Is e-commerce worth the candle in the air freight world? Doctors differ
|JUNE 18, 2019|
- APL bags third consecutive 'Best Shipping Line in the Trans-Pacific' recognition
- China's containerised exports to US fall
- Global cargo theft intelligence report for 2018 issued
- India presents World Bank a unique "red, amber, green" model to promote quick cargo clearance
- IGST refunds - Mechanism to verify the IGST payments for goods exported out of India in certain cases
- HAROPA seaborne trade records 5.1 pc overall growth with 40 mt at the end of May 2019
- Cogoport inks agreement with CONCOR for factory-to-ship freight solution
- Domestic air freight demand seen at 1.1 mt by 2025
- Hong Kong Air Cargo Terminals recognised as 'Air Cargo Handling Agent of the Year'
- India & UAE to renegotiate bilateral air service agreement; cargo too in focus
- Lufthansa Cargo offering digital cargo services
- Ministry of Road Transport & Highways to remove requirement of minimum educational qualification for transport vehicle drivers
- TIACA appoints new Chairman & Vice-Chairman
- CCI begins market study on E-commerce in India; findings expected at end of Aug.
|JUNE 19, 2019|
- Avia Solutions Group to acquire Chapman Freeborn
- LDz honoured for sustainability efforts
- Deutsche Post and German Football Association renew contract
- New contract celebrated in loco naming ceremony
- Recca going solo at Inproreal
- Hapag Lloyd redeems its debts
- Cargolux returns to Santiago de Chile
- Bolloré Logistics teams up with J2 and Groupe Robert
- Fleet upgrade to improve intermodal services across USA
- Role switch at Avinor Oslo airport
- More container capacities at Bristol Port
- Big Gecas order for small converted Boeing freighters
- Tracking containers with cargo-partner
- "Curiosity of the Day"
- New Zealand: Napier-Wairoa line ready to run
- New heads for Tiaca
- Haropa continues to thrive at the start of 2019
- Volumes shrink again at world's biggest airfreight hub
|JUNE 18, 2019|
- Bimco goes grim, predicting a weak peak season for container shipping this year
- Avia Solutions buys Chapman Freeborn as it expands its global footprint
- Banks push the box lines to reduce emissions
- High Bay Storage could be a solution to container terminal capacity issues
- Poland's Lodz: the growing logistics hub for the future
- Farewell to a freight industry veteran and friend, journalist Ian Martin Jones
- Supply chain radar: Rail M&A you say? Lo and behold, you can buy CSX t-shirts, beer coolers & more
- Dave Dudek moves up at Ceva as Antonio Fondevilla switches to Grupo Sesi
- On the wires: Kerry Logistics rumoured in deal as logistics M&A pipeline grows healthier
- Supply chain radar: Peak season, what peak season?
|JUNE 18, 2019|
- Incat launches 111 m ferry for Naviera Armas
Australian shipbuilder Incat Tasmania recently launched a new 111-meter catamaran ferry from its shipyard at Hobart's Prince of Wales Bay. Sea trials are scheduled to commence in the first week of July.
- VT Halter Marine lays keel for Navy berthing barge
In a ceremony held July 14, Flag Day, VT Halter Marine Inc., Pascagoula, Miss., laid the keel to signify the start of construction of the first of two Auxiliary Personnel Lighter -
- Dual fuel dredge duo will feature ABB system package
Two LNG dual fueled trailing suction hopper dredges being built at the Keppel Singmarine's shipyard in Singapore will have integrated electrical power, automation, control and navigation packages. The 10,000 cu.m hopper capacity
- Harvey Gulf books long-term PSV charters in Nigeria
Harvey Gulf International Marine reports that it has signed two, one-year charters in Nigeria for the placement of two U.S. flag, 3,250 dwt DPS-2 Platform Supply Vessels, both fully capable of safely
- Shipping banks make GHG reduction part of lending decisions
A group of leading international banks, including Citi, Societe Generale, and DNB, aim to promote greener shipping by making climate considerations a part of shipping, lending decisions. The banks will use a
- VIDEO: Pre-swirl stator for CPP-equipped ships promises big fuel savings
Energy saving devices called pre-flow stators have already been shown to provide significant fuel savings in ships with fixed pitch propellers (FPP) by optimizing the flow of water into the propeller (see
|JUNE 18, 2019|
- Crude export bottlenecks see shift to ports from Permian
Additional pipelines bringing more oil to the coast could flood US port refineries that are already thought to be taking...
- Singapore to host Lloyd's List APAC Awards and trade volatility forum
Morning forum will be held on the same day as the evening's annual APAC Awards, part of Lloyd's List's expanded...
- 'Dark ship' detection exposes sanction-busting ships
Dark ship detection is developing a record of vessels without AIS and hotspots where potential illegal activity is happening
- Dry bulk fleet faces struggle to pass on sulphur cap costs
BIMCO and Drewry at odds about how demolitions will unfold next year - and the growth of the dry bulk...
- Greek owners welcome IMO fuel safety steps
The Union of Greek Shipowners warned that 2020 was "just around the corner" and there was "still no guarantee" that safe...
- SL Mining ships first iron ore cargo from Freetown
The miner also hopes to target markets in Europe and Africa for the high-grade iron ore it dubs Marampa Blue
- US releases new images of tanker damaged in Gulf of Oman
Pictures appear to show evidence of a mine attack on Kokuka Courageous in the Strait of Hormuz on June 13
- Culture is the root of the safety problem
A series of safety leadership behaviours, which predict good performance and indicate poor practice, has been put forward by Propel...
- DFDS targets growth in five-year plan
A third of the projected growth is expected to be generated from a new Mediterranean business unit
- No really, we must stop meeting like this
Last week's International Chamber of Shipping AGM was held on an island in the North Atlantic Ocean that is costly...
- Helle Hammer receives Wista leadership award
Hammer chosen as a visible role model for women in the male-dominated shipping industry
- Fishing crew abducted by armed gang off Sabah
The perpetrators were reported to be heavily armed and have been linked to the jihadist group, Abu Sayyaf
- Banks act to secure a future for shipping that's bright - and green
The new rule blends ambitions outlined by the IMO with the Equator Principles, a risk management framework, adopted by financial...
- Daily Briefing
Shipping banks align lending decisions to decarbonisation targets | War risk marine rates 'rise tenfold' | The Lloyd's List Podcast:...
- LNG supply may outstrip demand by 2025
Wells Fargo warned of disruption in liquefaction capacity and LNG shipping rates because projects under construction have already either met...
- Zhongneng and AEI will team up for LNG business
The LNG partnership is subject to a definitive agreement between Zhongneng International Gas and AEI, which recently posted its third...
- Financial risks increase at Antong Holdings
The amount of borrowing by Antong involved in litigation stood at $140m on June 13, accounting for 27.4% of its...
- Can banking's Poseidon adventure rewrite the script for shipping's decarbonisation disaster?
By incorporating clean shipping criteria into ship finance covenants, banks have produced a tool to demonstrate that shipping's key stakeholders...
- The Lloyd's List Podcast: Why shipping is now leading the way in green finance
A special edition of the Lloyd's List Podcast examining the world's first sector-specific, self-governing climate alignment agreement among financial institutions
- Shipping banks align lending decisions to decarbonisation targets
Banks to disclose climate alignment of shipping portfolios with International Maritime Organization's 50% emissions reduction by 2050 strategy
|JUNE 18, 2019|
- US logistics growth losing steam after 2018 boost
- GCT Bayonne plans full-day appointment system
- Infographic: Warehouse hubs mitigate storage crunch at NY-NJ port
- Industry lobbies to pull tariffs on port equipment
- India's Concor looks to expand beyond rail
|JUNE 18, 2019|
- Evergreen seeks offers on nine giant, scrubber-fitted boxships
Taiwanese container carrier ducks the dual-fuel option as it readies $1.7bn order
- EuroDry open to growing beyond seven ships
New York-listed bulker owner may grow fleet either through vessel buys or M&A, chief executive Aristides Pittas said.
- Heidmar's US offices to survive Economou takeover
US headquarters in Norwalk, Connecticut and second outpost in Houston will take different business paths under direction of new CEO Pankaj Khanna.
- Genco 'primed' for fleet expansion
Shipowners are "moving away from asset play," chief executive John Wobensmith says.
- Turbulence is the only certainty as the US and Iran talk tough
Fears that tensions will escalate are casting a cloud over the region's tanker markets
- Pressures on environment and governance impact finance
Voices of investors, banks and others growing louder in the ears of shipowners as march of environmental and social issues picks up pace.
- EuroDry to redeem some of its preferred shares
EuroDry plans to take back millions of dollars worth of preferred shares while lowering its dividend rate for the remaining shares. The Aristides Pittas-led bulker owner has agreed to redeem approximately $4.3m, of its Series B Preferred Shares, which have a total value of $19.7m as of 31 March. Since January, the shares carried an annual dividend of 12%, which is set to increase to 14% in Janua
- Court kicks out Cockett Marine's challenge in OW Bunker case
The UK high court has dismissed Cockett Marine Oil's bid to challenge a tribunal ruling in a dispute over bunker payments arising from the collapse of Denmark's OW Bunker (OWBG). Justice Nigel Teare ruled that the London panel was entitled to make awards against the company and in favour of ING Bank. Supplier to appeal ruling in OW Bunker vs Cosco lawsuit OW Bunker fallout forces 'old school' s
- Crew arrested after Spain swoops on hashish cargo
Eight Ukrainians held after raid on cargoship off Cartagena.
- Vilma Oil's $50m charter backs KSS newbuilding
Spanish trading firm reaches deal with South Korean shipowner on VLGC
- Veteran London litigator Marcus Bowman to leave HFW - but will not go far
Two-time managing partner to start fresh chapter in his career as an independent mediator
- Sole Shipping seals double VLCC leaseback deal with Landbridge
Norwegian lessor arranges $91m of finance with Credit Agricole and BNP Paribas.
- Norden guests get a truly global taste of summer
More than 600 guests joined Norden at its Copenhagen headquarters to ring in the summer. A DJ provided the music as the Danish shipowner treated guests to food from the six continents where the company has offices. "An outdoor event for more than 600 shipping people is a tall order but was conducted brilliantly by CEO Jan Rindbo and his colleagues," Maersk Broker wrote on LinkedIn.
- Charterer Bunge joins transparent ship recycling drive
US bulker charterer Bunge has become the first agribusiness company to join the Ship Recycling Transparency Initiative (SRTI). The organisation aims to create a new norm for responsible ship recycling, using an online platform to gather information from shipowners on social and environmental measures. Teekay joins transparent ship recycling initiative Maersk joins transparent scrapping initiati
- Mercy Ships hopes market magic will boost Cargo Day
Fundraisers are hoping a seasonal upswing in the tanker markets will boost this year's donations to the $1m mark
- Mercury Maritime makes its first foray into handysize scene
A new Greek company called Mercury Maritime has taken delivery of its first bulker. The Athens outfit, registered with Greek authorities by Jason Merkouris late last year, will manage the 36,600-dwt Serenity (ex-Nord Rotterdam, built 2011). The Hyundai Vinashin Shipyard-built vessel reportedly changed hands in March for about $11.5m, but its buyers were been revealed at the time. Greeks renew d
- Kim Heng to supply OSVs for offshore windfarms in Taiwan
Kim Heng Offshore & Marine has signed a memorandum of understanding (MoU) with Taiwan's Hung Hua Construction (HHC), under which the partners will cooperate on offshore windfarm projects. Kim Heng Offshore eyes move into bunker tanker sector The Singapore-based shipowner will provide offshore support vessels (OSVs), tugboats and barges to the marine construction company through charters, sale or
- More US troops head to Gulf after attacks
The US is sending more troops to the Middle East as the government released new photos claiming to show evidence of a mine attack on a Japanese tanker in the Strait of Hormuz last Thursday. Acting secretary of defence Patrick Shanahan said in a statement that he had authorised 1,000 additional troops to be sent "to address air, naval, and ground-based threats in the Middle East." "The recent Ira
- Grimaldi and Wartsila shave 3.5% off fuel bills
Italian owner Grimaldi Group has developed a device to boost fuel efficiency by 3.5%. It teamed up with technology company Wartsila and Dutch research institute Marin. The kit is suitable for ships with controllable pitch propellers (CPPs). All eco options open for Grimaldi It uses a pre-swirl stator, the stationary portion of a motor. Sea trials on a Grimaldi car carrier confirmed the 3.5% f
- Ex-Liberia flag boss Bergeron joins Oldendorff Carriers
Long-standing head of world's second largest flag joins German dry bulk giant in strategy role.
- Tanker brushes bridge in US
An investigation has begun after an Oman Shipping-managed tanker hit a bridge in the US. The US Coast Guard said the Sunshine Bridge in Louisiana was closed for two hours on Sunday after it was damaged by the 46,000-dwt Dank Silver (built 2016). WAFB cited the Louisiana Department of Transportation and Development (DOTD) as saying the tanker hit the fender system that protects the structure. No
- Owners must take a prudent approach to pollution delays
Guilty or not, concerns over spills and scrubbers mean shipowners must prepare for more holdups
- Fredriksen's Flex LNG lists on New York Stock Exchange
Listing comes 15 years to the day after founder John Fredriksen's Ship Finance International went public on the exchange
- Panos Laskaridis explains the sea change in Greek shipowners' mindset
ECSA president talks about the cultural changes that have swept through the marine sector
- CSSC Shipping trades down after $252m IPO falls short
Shares in CSSC (Hong Kong) Shipping have fallen back after the company carried out an HKD 1.97bn ($252m) IPO in Hong Kong on Monday. Last month, the shipowning arm of state-owned shipbuilder China State Shipbuilding Corp (CSSC) said it was aiming to raise HKD 2.2bn by selling stock at between HKD 1.34 and HKD 1.42 each. CSSC Shipping aims for $280m in Hong Kong IPO It listed at the lower price
- Integral Shipping and Trading eyes bond issue
Geneve-based company launches book building process for Euro-denominated notes.
- DFDS targets acquisitions in new five-year plan
Danish ro-ro group DFDS is looking to boost profit over the next five years - and will be looking to buy businesses. The aim is to grow revenue and earnings through developing and expanding its shipping network. DFDS plans unsecured offering to refinance maturing bonds It wants EBITBA to reach DKK 5.5bn ($828m) by 2023, compared to DKK 3.6bn for 2018. The owner said a third of this will come f
- Conti wins MSC Flaminia waste case at ECJ
European court rules in German owner's favour in row with authorities over debris on burned-out boxship.
- Intermarine aims to make Portland UK's scrubber hub
Dorset-based firm hopes to tap English Channel and Atlantic routes after tie-up with Chinese manufacturer.
- Lars Moller sees jail term increased to five years
Defence lawyer for ex-OW Bunker executive describes decision as a "big shock".
- d'Amico and Mitsubishi make second MR disposal in 2019
Italian owner says S&P deal strengthens its liquidity position and sheds one of its older vessels
- May sees slight uptick in incidents of Asian piracy
Incidents took place off India, Indonesia, the Philippines and Singapore Strait, says ReCAAP.
- Japanese shipyards bank on eco rules to boost orderbook
The world's third-largest shipbuilding nation is looking to IMO 2020, as well as LNG and LPG demand, to help it boost competitiveness, says the new JSEA president
|JUNE 18, 2019|
- Chamber pushes USMCA vote before August recess
U.S. Chamber of Commerce officials on Monday said several factors indicate that the effort to secure U.S. approval of the pact recently has gained momentum.
- 'Multilateral' approach needed for safety in Persian Gulf
The 23rd commandant of the Coast Guard said multilateral agreements and regional constructs have brought stability to other areas that have suffered from criminal activity.
- Port officials want gantry cranes off tariff list
The inclusion of ship-to-shore gantry cranes in the fourth tranche of Chinese tariffs would increase the costs by millions, AAPA President and CEO Nagle said in written testimony.
- Commentary: Clock ticking on USMCA ratification
Passage of the trade agreement in the United States must happen this year or wait for implementation in 2021.
- 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.
- US businesses support CBP supplemental funding
Funding means "cross-border commerce critical to our economy is not impeded," trade groups, chambers of commerce and companies said in a letter to lawmakers.
- US export controls to dam Huawei's revenue
Chinese telecom giant's CEO Ren Zhengfei expects his company to lose $30 billion in revenue in 2019, mostly due to Commerce's Entity List and the U.S.-China trade war.
- Texas governor signs controversial port bills
One places restrictions on large ships; another changes composition of pilot board for Houston ship channel.
- Doctor sentenced for falsifying DOT medical exams
- Small shipyard grants totaling $19.6 million awarded
- "K" Line car carrier on fire off Philippines
- New York and New Jersey dedicates new intermodal yard
- OFAC implements new civil penalty amounts
- Florida ports see growth in tonnage, cargo value
|JUNE 18, 2019|
- Taiwan's CPC to suspend LSFO orders at Kaohsiung port June 27-30
Previously, the company halted orders for the grade at Kaohsiung for about a month due to tight availability.
- External: Praxis Energy Agents DMCC
- DUBAI FUTURES: Brent/Dubai crude spread widens on Middle East conflict reaction
Backwardation at the front of the Brent curve also strengthened as markets evaluated statements from Trump and Saudi Crown Prince Mohammed bin Salman
- Tanker operator Heidmar cautious on new Middle East contracts amid tensions
"Until such time as geopolitical tensions recede, Heidmar will exercise extreme caution when considering new contracts in the region," a company spokesman said.
- External: Global Risk Management
- Japanese loan to fund FCC complex at Basra refinery
The complex is targeting a 2024 completion date and "will be implemented by South Refineries Co.," JICA said in the statement.
- Persian Gulf tensions offer South Korea the chance to clear surplus naphtha barrels
"[Its]probably best to make most of [naphtha] feedstocks at home and from regional [East and South Asian] markets," a source said.
- Asia's fuel oil market holding firm as arbitrage window stays shut
The 180 CST grade received additional support from tight cutter stocks, stronger demand for power utilities in Pakistan and Bangladesh, traders said.