|JULY 22, 2019|
- APMT gives auto-straddle carrier repairs to ILWU, ending blockage
- CMA CGM ups Asia subcontinent/Mideast rate from August 15
- US east coast port share of Asian boxes now nearly half the total
- Diverted Iranian oil tanker suspected of illegal ship-to-ship transfers
- Beijing plans to penalise American companies for arms sales to Taiwan
- Bangladesh's garment industry looks set to cash in on US-China trade war
- US-India trade talks get off to a contentious start in New Delhi
- Diehard LA dockers indicate automation pacts of yore are no more
- Cargo volumes in worldwide decline as trade uncertainty envelops all
- Free online bunker surcharge calculator available to shippers
- Cathay Pacific completes acquisition of Hong Kong Express Airways
- Cathay Pacific appoints Lavinia Lau as director commercial
- DHL deploys digital twin tech at 'smart' Tetra Pak warehouse in Singapore
- American and United airlines to ground Boeing 737 Max into November
- SEKO Logistics expands Chicago hub, turning it into US flagship
|JULY 21, 2019|
- Concerns raised on smooth transition to compliant fuel era from 2020
- Container market freight rate index
- NACIN organises refresher course on Customs documentation & compliance for BCBA members
- Ove Meyer withdraws from operational management, but remains shareholder of ZEABORN
- Vrrddhi Freight completes 5 years of successful operations
- India imported 51.84 mt of coking coal in 2018-19: Minister
- Veg. oil imports surge in June
- Railways focused on enhancing freight services
- Technology in logistics seen as necessity for long-term growth & progress
|JULY 19, 2019|
- Still no sign of a peak season, and volatile fuel prices add to the pressure on carriers
- DP World Australia to axe 200 more stevedore jobs in prolonged row with union
- Uncertainty over Brexit driving shipowners to run down the UK flag
- Panalpina warns of higher charges to come as first-half profit dips
- Trump meets with airline CEOs over Gulf subsidy accusations
- Airlines reopen routes after Pakistan ends airspace ban
- Market Insight: In a diving market, Panalpina's air freight volumes were up - how did it fill the planes?
- Supply chain radar: Remarkably, Kuehne + Nagel holds up ahead of a crucial week
|JULY 19, 2019|
- Aluminium Marine delivers advanced whale watcher
Brisbane, Australia, shipbuilder Aluminium Marine has delivered the Spirit of Migaloo II, a 24 m catamaran whale watch vessel to Seaworld Cruises. Designed by Incat Crowther, Spirit of Migaloo II is specifically
- FortisBC to ship LNG to China in ISO containers
Canadian natural gas utility FortisBC has entered into its first term supply agreement to produce liquefied natural gas (LNG) for Top Speed Energy Corp. to export to China. The relatively small volumes
- Kirby pleads guilty to criminal charges in Canada spill
A Canadian court has imposed penalties of C$2.9 million (about US$2.3 million) on Houston headquartered Kirby Offshore Marine Corp. Kirby entered guilty to three of nine criminal charges related to a diesel
- All towboats in triple sinking removed from river
The Coast Guard has transitioned from pollution response to the investigation phase of the major marine casualty that occurred July 5, 2019, involving three vessels that sank in the Illinois River near
- VIDEO: Cuomo announces massive offshore wind agreement
New York State Governor Andrew M. Cuomo yesterday signed into law the Climate Leadership and Community Protection Act, or CLCPA, which sets the state the goal of achieving a carbon free electricity
|JULY 19, 2019|
- Seafarer dies in fall on bulk carrier
Filipino seafarer killed outright
- Don't mention the B word
The future looks bright for UK shipping, as long as you focus entirely on 2050 and don't look too hard...
- UK sets out ambitions for maritime in zero-emission era
The UK aims to be a maritime innovation hub and has launched its Maritime Annual Report and Clean Maritime Plan...
- Intercargo decries 'largely unanswered' questions over 2020
Alarm sounded by dry bulk owners' organisation as it urges fuel suppliers, charterers and owners to contribute more to preparing...
- Shipping organisations back Hormuz task force call
'We strongly support any initiative that seeks to reduce the risk to shipping and seafarers going about their legitimate business...
- Kidwell exits Braemar without any regrets
Kidwell insists he will take a break, but has some ideas about where he might end up next
- Attica confirms bond issue
The lion's share of the proceeds from a bond sale by the largest ferry owner and operator in Greece, Attica...
- Kawasaki building hydrogen export terminal in Australia
The operator will use Australian coal to produce hydrogen and then liquefy it for export
- Click and connect to explore shipping's game-changer
A transformation is underway in the maritime indusry that is likely to be as seismic as the shift from break-bulk...
- LPG carrier caught breaching sulphur limit off Shanghai
Surveillance ship used onboard sniffer equipment and a drone to inspect the liquid petroleum gas carrier
- Grace 1 detention order extended amid talks to defuse tension
Gibraltar Supreme Court has granted an order extending the detention of the tanker seized on July 4 on suspicion of...
- The Lloyd's List Podcast: UK shipping battling Brexit and bomb threats
UK Shipping is very much in the spotlight this week, dealing with direct threats from Iran's leadership amid rising tension...
- Skou says shipping can fend off competition to hire top IT talent
'Digitalising global trade is a pretty exciting mission,' says AP Moller-Maersk chief executive Søren Skou amid concerns about whether the shipping...
- The Interview: Søren Skou
When Maersk's group revenue shrank from $60bn to $35bn between 2011 and 2016, the board of directors called for an...
- Inmarsat buyer pledges to safeguard UK business
Private equity consortium would be legally bound to keep main operating centres in the UK for three years
- Daily Briefing
Wärtsilä sees weakening of demand in marine business | Fall in diesel demand seen changing IMO 2020 fuel mix |...
- US naval forces down Iranian drone over Hormuz
Tensions in the Gulf continue to mount as the US and Iran probe each other's naval forces in the region...
- Venture Global LNG secures funding needed for Calcasieu Pass
Venture Global LNG has signed long-term sales and purchase agreements with BP, Shell, Repsol, PGNiG, Galp and Edison for LNG...
- VLCC recovery boosts Cosco Shipping Energy Transportation
Analyst estimates CSET's VLCC earnings in the second quarter to be at about $21,000 above the market average
- Emissions policies need urgent rethink, says Gratsos
Dr George Gratsos claims that policies prioritising human health, especially strict limitations on sulphur oxide emissions, are derailing efforts to...
- Zeaborn founder Meyer steps down
Mr Meyer will remain managing partner of holding company Zeaborn holding
|JULY 19, 2019|
- Mexico trucking benchmarks to launch in August
- Amid sagging trans-Pacific spot rates, analysts forecast mild peak
- US drayage rates rise as length of haul shrinks
- Operational gains path to early shipping decarbonization
- Indian carriers question cabotage reform gains
- US shippers seek balance on truck capacity seesaw
|JULY 19, 2019|
- Iran strikes in Strait of Hormuz as Middle East tanker tensions explode
Stena and Norbulk vessels captured in latest Middle East shipping drama
- Golden Ocean Group puts $400m in shares on the shelf
John Fredriksen-backed bulker owner's market capitalisation stands at $969m.
- 'Electric' capesize bulker rates climb to highest level since 2010
Capesize rates has reached its highest level since October 2010, with earnings almost 10 times above where they sat three months ago. Factors driving up the market read like a shipowner's dream. Vale VLOC scrubber fitting 'undoubtedly' set to boost soaring capesize market Strong iron ore prices; seasonality, increasing iron ore exports, vessel undersupply in the Atlantic, volatile bunker price
- Public Greek owners shed supramax tonnage in busy summer market
Two major Greek shipowners have continued fleet renewal efforts by offloading supramax bulkers as the sale and purchase market shows no signs of a summer slowdown. Both Angeliki Frangou's Navios Maritime Holdings and Petros Pappas-led Star Bulk are believed to have offloaded older vessels from their respective fleets this week. Supramax owners cash in as sentiment turns bullish Petros Pappas ad
- Alma Maritime capesize reported sold as S&P market responds to rate rise
Brokers report a string of capesize deals in the sale-and-purchase (S&P) market this week, in a further sign of growing buying appetite for dry bulk carriers amid a rising freight market. Capesize transactions have been few and far between in the first half of this year. As the market improved over the past few weeks, however, an increasing number of deals is said to have occurred, according to
- Petrobras refuses to bunker two Iranian bulkers
Duo stranded in Brazil for weeks over lack of fuel.
- OSM Maritime wins double management deal with DFDS
Bjorn Tore Larsen's OSM Maritime has secured a two-ship deal with DFDS. OSM will provide both technical and crew management for two DFDS vessels trading between Norway and the UK. Larsen the lion sleeps with one eye open as he tracks his prey Thomas Mork, vice president of technical organization at DFDS, said: "With a major fleet under OSM management and our long relationship with them as crewi
- EF Marine targets Indian P&I sector
Singapore insurer wins approval to operate in sub-continent.
- Teekay LNG Partners presses on with higher distribution payments
Teekay LNG Partners has stuck with its higher distribution levels for the second quarter following a one-third bump in its payout to investors earlier this year. Teekay LNG adds five years of new charters Lauritzen strikes seven-ship ethylene carrier pool deal with Teekay LNG Partners The MPL will pay $0.19 per unit for the second quarter, in line with the "significant increased" number seen in
- Jefferies rolls back tanker rate forecasts on Opec cuts and refinery maintenance
Jefferies has cut its crude and product tanker rate forecasts for this year amid Opec's decision to keep the oil tap turned down and prolonged refinery maintenance. Shipping's supercycle 2020: could the fantasy turn into a reality? VLCC resale prices to pass $100m in up-cycle, says Fearnley Securities The downward revisions come despite the bank's positive outlook for generally improving shippi
- Court extends Grace 1 arrest for 30 days
Gibraltar has at least another month to investigate potential sanctions breach.
- Maridive AHTS held over $21m claim
But Egyptian owner's vessel reported to have left Aruba waters despite court order.
- Vale VLOC scrubber fitting 'undoubtedly' set to boost soaring capesize market
Braemar ACM says almost 50 giant ore carriers could go to dry dock for the exhaust cleaning equipment by the end of this year
- Boxship momentum turns negative on over-supply
Alphaliner says demand growth also slowing in the second half.
- GSL clinches pay rise for OOCL charter
New York-listed owner fixes GSL Keta on a short-term deal.
- Two bulker crew die while cleaning tank
Atlantska Plovidba says two more injured during incident off Brazil.
- Shipping impairments hit Danske Bank
Single-name exposures push charges up at Danish lender in second quarter.
- Gibraltar and Iran begin Grace 1 talks
Delegations meet in London to de-escalate VLCC seizure crisis.
- COSL downgraded at Morgan Stanley after share rally
US investment bank trims estimates for Hong Kong-listed driller after stock jumps 20% in one month
- Canada wins deal to export LNG to China by container
Method of transport said to cater to customers who have no access to pipeline network
- US Navy shoots down Iranian drone over Strait of Hormuz
Trump said aircraft's close proximity to warship threatened safet of the ship and its crew
|JULY 19, 2019|
- APMT, ILWU strike LA retraining deal
Dockworkers will be trained to repair automated cargo-handling equipment they argued would take their jobs.
- Exporters' input 'valuable' to BIS
Eric Hirschhorn, BIS chief during the Obama administration, said interactions with industry when reforming export control regulations are vital and warned the agency needs more resources to carry out its mission.
- US lawmakers gather USMCA details in Mexico
The congressional delegation trip caps off an active week on Capitol Hill regarding consideration of the new NAFTA.
- Port of Long Beach updates master plan
- Seattle, Tacoma set international container record
- CBP ready for ACE consolidated express filing
- Federal court pinches crabmeat seller
|JULY 19, 2019|
- FUTURES 5: Crude settles higher after Iran seizes British tanker in the Strait of Hormuz
Crude oil futures settled higher Friday as international tensions ramped up following seizure of a UK-flagged chemicals tanker by Iran in the Strait of Hormuz.
- External: Global Risk Management
- LNG bunkering uptake could ease pressure on LSFO as IMO 2020 looms
LNG pricing economics is becoming increasingly favorable, Imaizumi said.
- IEA 'significantly' concerned on Strait of Hormuz, sees well-supplied oil markets: Birol
Political tensions globally, including the one in the most important Strait of Hormuz, is something that concerns the IEA significantly.
- Singapore's residue stocks fall 4.2% week on week to 6-month low
"July looks steady despite higher bunker premiums," said a Singapore bunker supplier Friday.
- Japan says 'seriously concerned' on Middle East tensions after US announcement on drone
"We are in the midst of collecting information [on the drone shooting] by cooperating with relevant countries," Nishimura said.
- Shanghai delivered 380 CST bunker premium hits 7-month high amid limited stock
"There are limited avails and premiums are sky high", a shipowner said.
- Oil surplus blunting price impact of sanctions, tanker attacks: US State Department's Iran envoy
"There's plenty of oil; Iranian crude is not exotic, there's plenty of compatible grades, Saudi is one of them," Hook said.
- Iran claims 'missing' oil tanker seized for smuggling fuel
The latest incidents could further stoke fraught relations with Iran's neighbors and the West.
- Oman turns to Japan as crude exports to China trend lower
"ESPO gives better yields of gasoil, and coupled with shorter voyage times and smaller lots, all makes it a very good feedstock," a refinery said.
- S Korea's Hanwha Total buys first Khuff condensate cargo from Saudi Arabia
Shipping reports showed Hanwha Total chartering the Suezmax Ice Transporter to load a condensate cargo from Ras Tanura around July 25.
- Affinity Shipping arranges first LNG freight swap
The trade was made over-the-counter bilaterally between Total and Glencore.