|JUNE 20, 2019|
- Panama proposes changes to toll structure, loyalty to be rewarded
- Singapore updates its guidance on IMO 2020 - warns of fines and jail time
- HAROPA cargo up 5.1pc, boxes rise 4pc to 1.2 million TEU in 5 months
- South Carolina Ports container throughput in May achieves record high
- Oil market fraught with politics as never before, says BIMCO expert
- China's raises long-haul 2018 truck volumes 5.3pc to 249.8 million TEU
- Dachser expands footprint in Scandinavia with new office in Sweden
- Global ballast water treatment market to grow through state regulation
- ONE opts for new technology with XVELA cloud-based stowage system
- Hong Kong International Airport cargo throughput declines 7.3pc in May
- May posts considerable cargo traffic declines for LATAM and Delta Cargo
- Kerry Logistics and Spain's Correos to handle China's e-commerce exports
- Hong Kong's Hactl wins World Air Cargo Award 7th time in 13 years
- dgeCargo, Unilode announce the roll out of digitised containers
|JUNE 19, 2019|
- Increased participation of core shareholders reduces Hapag-Lloyd's free float
- MOL & Japanese shipyards design next-generation coal carrier
- MOL Safety Conference 2019 focuses on being a global leader in safe operation
- Shipping Ministry to lay emphasis on tapping the potential of coastal shipping
- Survey shows concern over trade wars impacting shipping confidence
- ZIM introduces personal notifications to enhance customer experience
- Exim Integrated Club Mumbai celebrates second Get-Together & LSP Business Meet
- DGFT hikes cashew import prices to support domestic producers
- Govt to launch Open General Export Licence scheme to boost defence exports
- Chinese economic data on industrial output & investment indicates slowdown
|JUNE 20, 2019|
- European Rail Facilities Portal to stimulate rail freight
- Schuon to bank on value added services
- Group7 wins Logivisor Award
- Volga-Dnepr Group won over by Leipzig's investment plans
- Digital transport gaining ground in Europe
- Bremenports renovates lock
- Industry demands widening of Stuttgart-Zurich route
- Sealog augments fleet
- New president for WBLN
- Transpacific service of APL wins award
- Mongolian carrier lands in Hong Kong
- New Teesport rail service to deliver furniture
- "Curiosity of the Day"
- Standic building new tank farm in Antwerp
- ACS expands its Sydney office
- Panama Canal becomes greener
- First Japanese airport community with Iata CEIV Pharma
|JUNE 19, 2019|
- 'An end to shipping alliances would see freight rates skyrocket'
- Doncaster's iPort goes full steam ahead with new rail freight links
- Quebec port targets container traffic as Hutchison comes on board
- Dronamics' Black Swan could be set for take-off next year
- 737 freighters looking to be stars of Paris Air Show as orders pick up
- Geodis: innovation and customer service the key to growth
- Supply chain radar: Full distress mode is on at Waberer's
- $1bn worth of smuggled cocaine found on MSC ship
- On the wires: Lufthansa Cargo gets caught in heavy crosswinds
|JUNE 19, 2019|
- Government of Canada plans to build two ferries at Davie
Public Services and Procurement Canada said today that the Government of Canada is entering into contract negotiations with shipbuilder Chantier Davie of Lévis, Quebec, for the construction of two new ferries for
- Pacific Green hires Atle Haugen as Sales Director, Marine
San Jose, Calif. based exhaust gas cleaning specialist Pacific Green Technologies Inc. has appointed Atle Haugen as Sales Director, Marine Direct Sales. Haugen joins the company from Norwegian based scrubber manufacturer Clean
- Meyer Turku starts Mardi Gras hull assembly
A keel laying ceremony held at the Meyer Turku shipyard in Finland yesterday marked the start of the hull assembly of what will the first LNG fueled cruise ship to serve the
- Damen to build 9 more EU-funded migrant rescue boats for Turkey
Damen Shipyards is to build nine more SAR 1906 search and rescue boats for the Turkish Coast Guard. They will be paid for by the European Union as part of its response
- Capital, two engineers charged in box ship pollution case
Piraeus, Greece, headquartered Capital Ship Management Corporation and two of its chief engineers have been named in a five-count federal indictment charging them with failing to record the illegal dumping of oily
- High-end sail cruising for the eco-conscious
The latest design to be unveiled by Danish naval architectural firm Knud E. Hansen is a 110 meter sail assisted Wind Cruise Vessel. Able to accommodate up to 100 passengers, it has
|JUNE 19, 2019|
- Cyprus shipping community grows steadily amid EU uncertainty
A decision to support a Shipping Deputy Minister in Cyprus appears to be paying off as the maritime community reports...
- Landmark court ruling clarifies loss calculations
The latest ruling in the case of the Renos not only confirms Swedish Club liability for major hull casualty but...
- UK flag abandons growth targets as Brexit wipes out 30% of tonnage
CMA CGM reflagged 40 vessels away from the UK between February and April this year, Lloyd's List Intelligence data shows
- Vale allowed to restart Brucutu operations
Vale says the court decision will allow it to fully resume wet processing operations within 72 hours
- Open-loop scrubbers in ports - what's all the fuss about?
More research needs to be done into the long-term impact of open-loop scrubbers in port environments, the BPA argues
- SIPG appoints government official as new chairman
After 46 years of service at the Port of Shanghai, Chen Xuyuan, the 63-year-old SIPG chairman, will retire from the office...
- Shipping confidence dips amid trade war concerns
More people expect higher freight rates in the tankers and containers markets over the next 12 months, while fewer people...
- Smaller boxships order imbalance looms
Increased scrapping following IMO 2020 is likely to lead to a shortage of smaller ships in the market
- MSC crew held after US drugs operation
A US Drug Enforcement Administration official said the ship originated from Chile and travelled to the US through Panama and...
- Panalpina flags potential disruption ahead of IMO 2020
The lack of standardisation on the composition and quality of low-sulphur fuels could lead to downtime of ships - and...
- Trump says Gulf of Oman attacks were 'very minor'
Iran has denied responsibility for the June 13 attacks and for similar incidents that targeted four other tankers in the...
- Daily Briefing
'Dark ship' detection exposes sanction-busting ships | LNG supply may outstrip demand by 2025 | Dry bulk fleet faces struggle...
- Law passes to limit boxships into Port of Houston
Container throughput at the port of Houston has grown steadily during the past decade, but especially since the widening of...
- Sinopec unit grants FPSO charter extension to Yinson subsidiary
FPSO Adoon has been producing crude in the Addax Petroleum-operated OML 123 permit off Nigeria
- Bespoke cargo clauses push ICC policies aside
'We all as an industry need to get better at working out what is within and what is without the...
- Anadarko sanctions Mozambique's first onshore LNG terminal
Mozambique LNG offtake was negotiated on a delivered basis, while flexibility in the terms was offered to LNG buyers to...
- Front Altair crew back on board for STS operations
Frontline says it remains extremely cautious for new fixtures in the region while the cause of the incident is still...
|JUNE 19, 2019|
- Warehouse vacancy low despite 'unprecedented' construction
- Ag shippers pressed to help boost truck turn times
- LTL carrier Pyle recovering from cyber attack
- Tech firm sees long haul ahead for autonomous trucks
- Shippers' council: Low-sulfur BAF 'not just another surcharge'
- Intermodal key to shippers despite current weakness
- Analysts: Years of price volatility after IMO low-sulfur switch
|JUNE 19, 2019|
- IMO 2020 poses 'big question' for future ship prices
Vessel prices will 'track with lack of modest inflation,' shipping tycoon Peter Livanos says.
- Bulker and boxship owners weigh risks of Strait of Hormuz
Star Bulk and Maersk Line to continue trading in targeted area as Jefferies analyst Randy Giveans says attacks on these types of vessels are 'highly unlikely'
- Scorpio Bulkers 'prepared' for trade war risks
New York-listed bulker owner has spent last six months raising liquidity, president Robert Bugbee says.
- Tidewater CEO Rynd preaches discipline as offshore recovers
New York-listed OSV owner working to reactivate 10 vessels that have found work.
- MACN aims to launch port corruption index
Maritime Anti-Corruption Network sets out plan to develop a Global Port Integrity Index
- Avance Gas eyes Fredriksen-driven fleet growth and a possible US listing
VLGC owner embraces change of identity from a Stolt-Nielsen unit to full integration with tycoon's empire
- Parker's Poseidon coup only first step in carbon revolution
Eleven global banks deserve credit for taking the initiative on a critical issue, yet they must be pushed to commit to greater transparency to force real cuts in carbon pollution
- De Stoop: 'We are scrubber watchers'
The new Euronav CEO sounds a lot different from the old Euronav CEO when it comes to talking about exhaust-cleaning devices and his fleet.
- Solus looks to sell quartet of Nautical ultramaxes
Another case of private equity's dwindling patience appears to underlie the latest attempt to cash out a losing bet, this time in Wilbur Ross-founded venture
- Middle Eastern VLCC market returns to life with spot rate hikes
Led by the MOL-owned Kasagisan, at least four VLCCs are tentatively booked at stronger rates than pre-attack levels.
- Viking cruiseship crash captain not drunk
The master of a Viking River Cruises vessel involved in a fatal collision last month was not drunk, Hungarian police have said. Clash involving Viking ship kills seven in Hungary ABC cited a police spokesman as saying that tests showed the 64-year-old Ukrainian captain of the Sigyn, named as Ukrainian Yuriy C, was not under the influence of alcohol or drugs at the time of the accident in Budapes
- Avenir LNG mulls employment options for first newbuilding
Small-scale venture Avenir LNG is considering the employment options for its first newbuilding, which will be delivered in just over six months. Avenir commercial director Mats Fagerberg told TradeWinds that the first of four 7,500-cbm LNG newbuildings being built by the company is scheduled for delivery in December. That is in advance of the planned mid-2020 start-up of a new LNG-receiving termi
- Atlantica Shipping boosts fleet with boxship buy
Atlantica Shipping has bought a 14-year-old, German-controlled containership. Johan Werner, managing director of the low-profile Norwegian shipowner, confirmed the purchase of the 3,091-teu JPO Leo (built 2005). Brokers said it is paying $6.8m for the ship. Atlantica Shipping sells kamsarmax to Oldendorff Equasis lists the JPO Leo as controlled by a KG (limited partnership) backed by HanseConto
- BSC to add 32 tankers, bulkers and LNG carriers
Bangladesh Shipping Corporation (BSC) has revealed its latest fleet update plan to add 32 ships. The UNB news agency reported that the state-run owner wants a range of tankers, bulkers, LNG carriers and boxships to join its fleet by 2041. BSC plots orders for 26 more tankers and bulkers The aim is to cut back on charter fees of BDT 24bn ($284m) paid by the state each year to overseas owners, an
- War-risk rates to rise further after Gulf terror attacks
Premiums soar as Japanese and Norwegian providers of war-risk cover prepare to shoulder the full cost of most recent Fujairah attacks
- West of England targets offshore market as members go for growth
Key appointments made in stage one of modernisation drive at 150-year-old P&I club
- Greeks hail IMO fuel flashpoint action plan
UGS sees first signs of IMO putting oil industry on the hook for new, clean bunkers
- PGS axes $675m refinancing
Seismic vessel owner PGS has axed a major refinancing plan in which it had hoped to raise up to $675m, due to lack of investor appetite. PGS mulls bond issue to meet $675m refinancing target PGS targets $675m in seismic refinancing effort "As a result of increased volatility in the capital markets and investor sentiment towards oil field service post-launch, PGS has not been able to reach the
- Sleeping seafarer charged over hard grounding
The Swedish coast guard has blamed a sleeping crew member for the hard grounding of a cargoship on Sunday. It said a criminal case has begun relating to negligence in sea traffic. Cargoship hard aground off Sweden The 1,500-dwt Bonita (built 1987) went aground north of Kallandso. "In the interrogation of the crew, a person has acknowledged that he or she has fallen asleep during his guard, w
- Panama Canal offers discounts for bigger cargo volumes
Waterway's authority proposing cuts for lines moving more boxes.
- Two biggest investors build Hapag-Lloyd stakes
CEO Jansen regrets reduced free float as CSAV and Klaus-Michael Kuhne add stock worth $139m.
- Swedish Club taps into big data for loss prevention
Gothenburg-based mutual is trialling new claims and loss-prevention technology as it looks to the future
- Business focus: Greek shipping looks to the future
Cultural changes, greater LNG investment and finding the mariners of the future are all helping the country's sector to prosper.
- Greek shipping is stepping on the gas
A burst of investment in LNG carriers is just one sign that Greek shipping's animal spirits are alive and kicking
- MSC crew arrested in $1bn cocaine bust
Two seafarers accused of smuggling drugs on MSC Gayane after raid in Philadelphia.
- Downing trims Braemar stake on back of share price rally
After latest disposal UK investment firm now owns less than 4.5% of UK-listed broker.
- Grimaldi master and officers deny arson in car carrier case
Trio appear in Spanish court in connection with blaze on Grande Europa in May.
- Untying the knot of Italian ship arrest law
Michele Mordiglia shines a light on the grey area of competing laws on vessel seizures.
- Katy Ware takes the reins at UK Ship Register
MCA's director of maritime safety and standards adds flag state responsibilities in expanded role.
- Argentina LNG emerging as potential Asia supply source
Rising production and proximity to China key bonus points for South American nation.
- Front Altair crew head home or re-board vessel
Frontline says following further inspections LR2 will ultimately head to a shipyard for repair.
|JUNE 19, 2019|
- Lighthizer commits to work with Democrats on USMCA
The U.S. trade representative appeared before the Senate Finance Committee Tuesday on the first day of congressional hearings on the Trump administration's trade agenda.
- More than 16 tons of cocaine seized at Philadelphia port
Two people were arrested by federal authorities after more than $1 billion worth of cocaine was found Monday in containers aboard the MSC Gayane.
- Commentary: Clock ticking on trade deal ratification
Passage of USMCA in the United States must happen this year or wait for implementation in 2021.
- Logistics demand may be softening
The industry is at "a new crossroads," according to the co-author of a state of logistics report titled "Cresting the Hill."
- US Chamber urges lawmakers to act on infrastructure
"The time to act is now," reads a letter sent to the president and congressional leaders by the U.S. Chamber of Commerce and more than 40 business and labor groups.
- Thieves thwarted by Dachser container security
- "K" Line car carrier on fire off Philippines
- Executive Moves: DENSO, CEVA, MULR, Vnomics
- FMC reviews 21 OTI license applications
|JUNE 19, 2019|
- Mediterranean low sulfur bunkers feel the pinch on 0.5% blending needs
Tightness in the Mediterranean low sulfur fuel oil market has percolated into the Piraeus bunker market after players started stockpiling of lower sulfur components ahead of the 0.5% marine fuel sulfur cap.
- NYMEX RBOB jumps after counter-consensus US inventory draw
NYMEX product futures settled higher Wednesday after US Energy Information Administration data showed counter-consensus draws in both gasoline and distillate inventories last week.
- Iraq rocket attack hits southern oil site, but exports unaffected: source
"Exports were not affected," a source at Basra Oil Co. said.
- ICS to submit proposal for further CO2 cuts, revise guidance for 2020 sulfur rule
ICS still remains concerned about continuing delays with the publication of the latest ISO Publicly Available Specification for low sulfur fuels.
- OPEC sets July 1-2 as date for its next meeting: sources
Several ministers have signaled that an extension is likely, as oil prices have slumped on downbeat global economic forecasts.
- External: Global Risk Management
- Major banks set new lending standards for shipping to aid IMO's GHG cuts target
Additional banks, including Asian banks, are also expected to embrace Poseidon Principles.
- US presses other countries to police Strait of Hormuz
"The United States is prepared to do its part," Pompeo said.