|JUNE 21, 2019|
- OOCL cancels sailings as demand slows and peak season approaches
- Banks set new lending criteria for shipping industry to cut CO2 emissions
- US Chamber of Commerce presses Congress to ratify USMCA before recess
- Trade war causes China box exports to US to slump 6.5pc from January-May
- Port of Tanjung Pelepas sets world record having loaded 19,000 TEU
- MarineTraffic joins exactEarth to deliver better vessel tracking
- Biggest ever drug bust - 15 tonnes of coke seized in MSC ship in Philadelphia
- Doctor sentenced for falsifying trucker's medical licensing tests
- PSA Singapore - 'Best container terminal - Asia over 4 million TEU'
- Inside job becomes thieves No 1 MO in cargo theft, says insurance study
- IAG commits to buy 200 new 737 MAXes for US$24 billion
- May sees cargo traffic declines for LATAM and Delta Cargo
|JUNE 20, 2019|
- Bahri expands internship programme to UAE
- Daily VLCC earnings in the spot market seen rising sharply
- Maersk to offer customers carbon-neutral transport
- MOL & GAIL sign charter contract for LNG carrier
- New NYK President highlights three important points for the Group
- Panama Canal issues proposal to modify tolls structure
- India imposes anti-dumping duty on jute sack making materials from Bangladesh
- Canada's first propane export terminal becomes operational
- Hapag-Lloyd commences container operations at Kakinada Container Terminal
- Mumbai Port Trust to celebrate International Yoga Day by organising a slew of programmes today
- GatewayRail starts weekly dedicated train service for CMA CGM from Pipavav Port to ICDs Gurugram, Faridabad & Ludhiana
- Ministry of Road Transport & Highways issues draft notification exempting battery-operated vehicles from paying registration fees
- Genuine exporters will continue to get their IGST refunds in a timely manner in a fully automated environment: CBIC
- Senator urges US to reinstate India into GSP regime
|JUNE 21, 2019|
- 50,000 trackers at sea
- Stainless tank cars improve molasses transport
- Raben completes expansion of its hub in Eisenach
- Ceva appoints new executive VP global automotive sector
- Improving access to truck-to-rail transload in Illinois
- Five new B777F on three new routes
- More dividends for HHLA's shareholders
- Geodis opens new logistics centre in Northern France
- Jordi Barreiros to head Riege Sofware's Swiss office
- Trolley truck cuts diesel fuel consumption
- New service launched by BG Freight Line
- Amazon targets fleet of 70 aircraft by 2021
- "Curiosity of the Day"
- Qatar's free trade zones prepare their next move
- Phillip Brown joins SAL Heavy Lift in USA
- Field trials for e-trucks in Switzerland
- Emirates Skycargo's support sounds good
- Muted growth for Spanish ports in first quarter of 2019
|JUNE 20, 2019|
- First common digital standards for container shipping on the starting blocks
- Volga-Dnepr leaseback deal brings three new 777Fs, despite market turbulence
- Impact of IMO 2020 will cause 'supply chain ripples for more than a year'
- Dachser reinforces commitment to the UK with investment in new facilities
- Portsmouth is a port looking to diversify as Brexit approaches
- H&M first to try Maersk's carbon-neutral transport for size
- Jet lenders face new headwinds in India
- Online grocery shopping around the world predicted to 'go through the roof'
- Supply chain radar: DSV's new record high - a red herring?
- On the wires: Believe it or not, DB Schenker is not on the block - but Arriva will be sold
|JUNE 20, 2019|
- Resolve receives USCG AMVER Award
Resolve Marine Group has received the prestigious AMVER (Automated Mutual Assistance Vessel Rescue System) Award for work done by privately funded Emergency Response Salvage Tug the Resolve Pioneer. The award was presented
- Port of Little Rock: "May was a hard month"
The Port of Little Rock, Ark, reports that May was a hard month due to the weather. Barge traffic at the port came to a halt on May 2 due to the
- Alaska fuel barge gets stuck in mud
The Coast Guard was responding yesterday to a fuel barge that settled in the mud and began to show signs of structural stress while offloading petroleum product on the Naknek River in
- Upper River Services takes delivery of triple-screw towboat
Recently delivered by Belle Chasse, La., based C&C Marine and Repair, the 2,013 hp triple-screw towboat M/V Mendota is the first new construction vessel ever to join the fleet of Upper River
- Wight Shipyard launches Wind Farm Support Vessel series
Britain's Wight Shipyard Co. Ltd (WSC) is breaking into the Wind Farm Support Vessel (WFSV) market with the launch of its new Vortisea brand, designed in collaboration with Incat Crowther. According to
- ABS to class Harvey Gulf battery hybrid OSVs
ABS has been selected to class two Offshore Supply Vessels (OSV) being retrofitted with battery/converter systems by Harvey Gulf International Marine. The Harvey Energy will become the first ABS-classed dual fuel and
- Multi-stage evaporator produces big fuel savings
Wärtsilä has successfully completed the first commercial installation of its Serck Como Horizontal Tube Evaporator (HiTE) fresh water production system. The system was retrofitted in the Allseas pipe-laying vessel Lorelay, to produce
|JUNE 20, 2019|
- Iranian cargoes push global floating storage to highest since mid-2017
Some 71.4m barrels is deployed on 57 vessels, the most since June 7, 2017, Lloyd's List Intelligence data shows
- Middle East crude shipping costs surge on higher freight rates and insurance premiums
Freight rates for modern tanker tonnage have soared almost 40% in the first market test for modern, very large crude...
- UK port starts rail freight service
The twice-daily rail service removes 120 daily road movements and adds reliability to the supply chain
- Carriers becoming oligopolies with dwindling pricing power
An unconventional business model emerges as supply control tightens but shippers gain even more pricing power
- Maersk pilots carbon-neutral shipping
Sweden's H&M Group teams up with Maersk for bio-fuel pilot project
- Sulphur cap will leave maritime 'shaken' for at least a year
Shipping companies will offload the $10-15bn cost of compliance with the IMO sulphur cap onto shippers, online freight forwarder iContainers...
- Frontline adds to fleet
The VLCC is due to be delivered next May, while a pair of LR2 tankers will arrive in the first...
- Royal Fleet Auxiliary ratings plan action in support of pay claim
'It is disgraceful that our Royal Fleet Auxiliary members have had a derisory pay increase imposed on them which doesn't...
- Containerships takes delivery of second LNG vessel
Ice-class dual-fuel boxship will connect northern Europe with Baltic states and Russia
- MSC loses 'low-risk' carrier status after US drugs raid
MSC's 2M partner Maersk says it is too early to speculate on US Customs response to MSC vessels and any impact...
- Pavilion Energy buys Iberdrola's LNG assets
This latest deal marks Pavilion Energy's first major asset acquisition in Europe following an earlier deal with Germany's Uniper that...
- Viewpoint: Virtuous lending
There is something fishy about bankers who lend to the shipping industry attempting to restrict their services to shipping operators...
- Daily Briefing
UK flag abandons growth targets as Brexit wipes out 30% of tonnage | Cyprus shipping community grows steadily amid EU...
- Los Angeles port director warns on Trump's tariffs
President Trump has yet to decide on whether to impose duties on the remaining $300bn of imports from China nor has...
- Nixon says ONE yet to take on terminal assets
Terminal stakes still remain on the balance sheets of ONE's parent companies
- Ocean Network Express pins hopes on peak season revival
After a sluggish start to the year, transpacific volumes are looking up again and blankings are being reduced
|JUNE 20, 2019|
- US economy nears crossroads as shipping costs, volumes drop
- LA terminal automation proceeds after permit vote
- Canal competition for US East Coast cargo heats up
- New inspection facility to speed Vancouver cargo
- Disconnects hamper drayage digitalization
- Concor-Cogoport pact advances India's supply chain digitization
- Maersk trials biofuel in drive to decarbonize
- MSC temporarily suspended from C-TPAT after drug bust
|JUNE 20, 2019|
- Court denies appeal of Carnival dumping decision
Bahamas resident, three Alaskans asked 11th Court of Appeals to reconsider federal judge's ruling for $20m fine against cruise major.
- LNG carrier prototype Saga Dawn is waiting at the altar
The first of a new type of LNG carrier is ready to trade but still needs ink on the bottom line
- Shoei Kisen sells ultramax with time charter back
Shoei Kisen is said to have sold a three-year-old ultramax in a deal including a time charter back to the Japanese company. Several brokers in the UK and the US report that Shoei Kisen sold the 61,200-dwt Ultra Innovation (built 2016) to Greek interests for a firm $24m, in a deal that includes a one-year charter back at an index-linked rate. The ship is operated by Denmark-headquartered Ultrabul
- Vale's Brucutu mine set to reopen
Eduardo Bartolomeo-led iron-ore giant on Wednesday received court permission to recommence operations at the iron-ore mine within 72 hours.
- LNG carrier operators review their security options
Owners and operators of LNG carriers transiting the Strait of Hormuz have been looking at what additional security measures could be taken if the situation in the region deteriorates. More US troops head to Gulf after attacks Brokers pointed out that aside from the oil exports, around 25% of LNG cargoes move through the area where last week's double tanker attacks took place. The bulk of that tr
- Awilco goes for scrubbers on modern tanker quartet
The Awilhelmsen Group of Norway is to install scrubbers on its four modern VLCCs. The work will be carried out at Keppel Shipyard in Singapore at a cost of about $4m each. Awilco LNG fixes carrier for eight months Awilco Eco Tankers inks profitable charter "This is not an environmental move but a result of the new rules that the politicians are setting on the agenda for 2020," said Awilco Eco
- Matson CEO Matt Cox sells shares
Matson chief executive Matt Cox has sold 30,000 shares of his company for $1.14m. According to Securities and Exchange Commission filings, Cox sold the first block of 15,000 shares Tuesday for $38.05 and the second Wednesday for $37.82. Shares of the Hawaiian Jones Act player closed Tuesday at $38.29 and Wednesday at $37.59. Cox still owns more than 250,000 shares in the company. The move comes
- Carnival earns less profit on higher costs
Arnold Donald-led cruise major beats estimates but lowers outlook on Cuba ban, causing shares to fall.
- Shipping walks US tariff tightrope, say London Greeks
American trade policies and spreading radicalism in Europe threaten the industry, London-based Greek owners warn
- Anthony Veder boosts gas carrier fleet with GATX quintet
Dutch owner continues expansion streak, building its small and mid-scale fleet to 38 vessels.
- Shipping does not predict another round of 'Tanker Wars'
The last month has seen more ships attacked than in all of 1981 - when the Iran-Iraq War first spilled over into the nearby Middle East Gulf, kicking off the so-called "Tanker Wars" that raged alongside the conflict for most of the decade. Frontline and Schulte tankers attacked off Fujairah Paulo d'Amico: western crude supply could be at risk But shipping is not having flashbacks to the 1980s j
- Two secondhand VLCCs and MR tankers attracting interest
There is a whiff of action on tanker S&P as market moves into 6-month run up to IMO 2020 deadline
- Shandong Shipping unveils $15m share issue
Expansion-minded Chinese owner is seeking a strategic investor to take a 2.94% stake, having been delisted from a Chinese OTC market.
- New NYK boss Hitoshi Nagasawa gets tough on ethics
New NYK president Hitoshi Nagasawa has stressed the need for employees to comply with the law and serve society in a useful way. In his inaugural speech to staff in Tokyo, he said: "In the words of the famous Japanese entrepreneur Konosuke Matsushita, 'companies are a public entity of society.' LNG man set to take over the reins at NYK "This means that companies perform the work required by soc
- GriegMaas expands fleet with ultramax buy
GriegMaas, the new bulker owning venture of Norway's Grieg Star, is set to expand its fleet with a third Chinese-built ultramax. Grieg Star and Maas Capital form bulker joint venture Grieg Star remains in the red despite improvements European shipbrokers said company has bought the 63,000-dwt GH Frankel (built 2012) for $16.9m from Celsius Shipping of Denmark. Renewal strategy Sveinung Tved
- Middle East Gulf tensions keep tanker owners on their toes but not out of the region
Operators tighten safety measures but continue to trade in one of the world's most important shipping lanes
- Seastar settles for less with sale of 17-year-old supramax
Seastar Chartering has settled for a lower price than it was aiming for on the sale of a 17-year-old supramax. US brokers said the 52,000-dwt Hector (built 2002) has been sold to a Chinese buyer for $6m. Sale indicates supramax values uncertainty Only a few weeks ago, the Greek bulker owner and operator was hoping to get $7m for the Kanasashi Heavy Industries-built vessel, the brokers added. Th
- Viken reports strong numbers buoyed by time charters
Shipowner Viken Shipping is benefiting from the time charter-focused employment strategy for its vessels. The Bergen-based company, which is controlled by shipowner Tom Chr Steckmest, has reported a pre-tax profit of $22.7m for 2018, up from $19.3m a year earlier. Operating revenues increased from $167m to $175m. Viken has focused on term charters for its fleet of 22 tankers from 12,800 dwt to
- Bunker Holding revenue tops $10bn
Denmark's Bunker Holding has hailed a strong result as it prepares for the IMO 2020 switch. The fuel supplier said revenue was up 31% to $10.64bn in its 2018/19 financial year. Pre-tax earnings almost doubled to $77.3m. It called the figures "impressive, especially considering the challenging market conditions." CEO Keld Demant said the results were due to its solid business model and focused
- Thenamaris tanker stuck in limbo while traders squabble over contaminated crude
Aframax lies idle in the Aegean as Socar Trading and Glencore Energy UK slug it out over damages of more than $52.9m
- Noble offloads bulker as shipping exit continues
Restructured Singapore group seals $13.2m deal for 2010-built vessel.
- Spain's Naturgy taps up shipowners for LNG tonnage
Energy company invites charter offers from owners with uncommitted vessels
- MPC boxship CTL will fund new scrubber retrofits
Oslo-listed owner reveals loss of feeder vessel after grounding, while drawing up new IMO 2020 plans.
- Nautilus denied appeal in Toisa OSV legal row
Supreme Court rejects union's bid to overturn ruling over consultation following OSV lay-offs.
- MOL seals first LNG charter contract with Gail (India)
Japanese owner secures breakthrough short-term deal with Indian buyer
- Hapag-Lloyd ship hits crane after grounding
A Hapag-Lloyd container vessel has damaged a gantry crane in Vietnam after briefly grounding. The 8,600-teu Nagoya Express (built 2010) hit the structure in a storm at Hai Phong port, VNExpress reported. Hapag-Lloyd seeks six supersize boxships in bid to stay competitive The ship was leaving Hai Phong International Container Terminal on 7 June when the accident happened, according to Vu Tu Nam,
- Pavilion expands into Europe with Iberdrola LNG portfolio acquisition
Singapore company also concludes deal to supply gas to Iberdrola Generacion Espana.
- Jacques de Chateauvieux goes up against Bourbon's banks
OSV owner's main shareholder comes up with alternative refinancing plan to stop creditors taking over in $1.6bn equity swap.
- Mozambique LNG tender to be floated in third quarter
Anadarko plans to send out its 'tender for 16 LNG carrier newbuildings to selected owners in the third quarter after taking a 'final investment decision on its Mozambique LNG project this week. Mozambique LNG reassesses yards and shipowners The company has already done due diligence on five shipyards 'selected to build the vessels required to lift the project's planned 12.88 million tonnes per a
- Change is off the menu at Swedish Club AGM
The Swedish Club likes to consider itself a forward-thinking marine insurance company - that is, until it comes to its annual general meeting (AGM). At the Gothenburg gathering, the balance sheet figures and executive board might change but, rest assured, the menu at the gala dinner will remain the same as it has through the club's history. For decades, the 147-year-old club has served up a salm
- Victor Restis targets MR tanker newbuildings at STX
Greek shipowner's Golden Energy Management signs letter of intent for up to four ships, while peer Capital Maritime goes hunting
- South Korea's KMTC returns to Hyundai Mipo for more containership newbuildings
Contract set to become the company's second deal for this year
- Offshore order recovery and asset plays to boost Keppel
Group's "impeccable track record" in FPSO conversions will enable it to grab market share.
- Mystery LNG newbuilding enquiry emerges for up to 15 ships
Clarksons back in the market with hush-hush business code-named 'Project Helen'
- Samsung Heavy teams up with Zvezda for next generation of Arctic LNG carriers
South Korean and Russian yards to pursue fresh design of vessel for next generation of projects
- Hapag-Lloyd seeks six supersize boxships in bid to stay competitive
German liner operator is looking to order sextet of 23,000-teu containerships
- Frontline grabs VLCC resale and orders LR2s
John Fredriksen-backed tanker giant takes recent spending on new tanker tonnage to over $250m.
|JUNE 20, 2019|
- Port of Los Angeles commission upholds APM Terminal permit
The commission voted 3-2 Thursday to deny an ILWU appeal of a permit that allows APM Terminals to test automated terminal equipment at Pier 400.
- Several House Dems say they'll work in good faith on USMCA
"We should work collaboratively for the best possible outcome - passage of a trade agreement that creates jobs, protects workers and consumers in Mexico, Canada and the United States of America," said Rep. Mike Thompson of California.
- Northwest Seaport Alliance encouraging extended hours
The port agency for Seattle and Tacoma is encouraging terminals to use extended hours, "peel-off" piles and street turns to ease congestion.
- Former WWL CEO picked to lead AAPA
Chris Connor will succeed Kurt Nagle, the American Association of Port Authorities' president and CEO since 1995.
- Analyst: Freight rates would skyrocket without alliances
An end to alliances also could result in fewer services calling only a limited number of ports.
- Proposed HOS changes 'in the final stages of review'
The Senate Commerce Committee pressed witnesses on a variety of issues Wednesday during a hearing about surface transportation reauthorization.
- Presidential order tests validity of advisory committees
President Trump wants the federal government to weed out hundreds of no longer needed or inactive advisory committees from its roster.
- United first US carrier to lease SkyCell containers
- Thieves thwarted by Dachser container security
- JAXPORT approves two leases with Amport
- Executive Moves: Port authority, Pelican, Stertil-Koni
- Maersk to offer carbon neutral transportation service
|JUNE 20, 2019|
- US seeing 'historic' compliance with Iran oil sanctions: State Department official
"We have now zeroed out Iran's exports of ... crude oil and we're confident nations will comply with that," Hook said.
- Panalpina publishes new bunker tariffs as IMO 2020 looms
"Expect choppy waves in the months leading up to and stretching beyond the IMO 2020 sulfur cap," it said.
- Singapore 380 CST HSFO front-month timespread hits 7-month high as supply tightens
Expectations that the inflow of cargoes into Singapore will fall to as low as half the usual level in June has buoyed market sentiment in recent weeks, sources said.
- Spread between WTI MEH and Mars crude inverts for first time since April
"[The weakening of WTI] MEH is more a function of [pipeline] allocations coming out yesterday."
- INTERVIEW: Inpex plans 'countermeasures' to ensure Middle East oil shipments -- CEO
"We are watching very carefully the progress in the Strait of Hormuz area," Ueda said.