|JANUARY 24, 2019|
- CMA CGM and OOCL linked to orders of ultra large container vessels
- New Year orderbooks get off to a flying start among shipbuilders in S Korea
- Hamburg Sud bulk shipping business to be sold China Navigation
- Cosco, PSA extend box terminal capacity at Hainan port to 5m TEU
- APL to start new China-Malaysia service from Qingdao
- DP World's box terminal at Canada's Prince Rupert hits 1 million TEU
- US port of Oakland to install China-made ship-to-shore mega ship cranes
- ICTSI Subic racks up 200,000 TEU milestone
- Two killed in plane crash in northeast Ohio
- B&H Worldwide sets up second Control Tower at Singapore's Changi
- Drones to be banned from extended zones around UK airports
|JANUARY 23, 2019|
- Amazon boosts its ocean shipping service
- APL's refined global service network to be effective from April
- Are chemical tankers ready to meet forthcoming IMO fuel regulations?
- ZIM appoints Sabari Container Terminals to carry out survey, maintenance & repair activities at Mundra
- Bangladesh's second LNG terminal to start operating in March
- Fujairah ban on open-loop scrubbers
- Normalcy returns to Haldia port with resumption of mooring activity
- Ongoing infra projects at New Mangalore Port highlighted
- Port of Rotterdam launches incentive scheme for green shipping
- WB govt to build Tajpur port on its own
- Cabinet approves creation of national bench of GSTAT
- BHP-MALA 2019 to be confluence of leading stakeholders from across the break-bulk, heavylift & project cargo logistics sectors
- Currency standby swap among SAARC countries given the go-ahead
- Meeta Rajivlochan appointed as Additional DGFT, Mumbai
|JANUARY 24, 2019|
- Channel Tunnel freight traffic sets new records
- New VP for Germany's goods transport office
- New locomotives for phosphate haulage in Tunisia
- Precision begins B757 conversion for Asia Pacific Airlines
- B&H establishes second control tower in Singapore
- Port Trois-Rivières sees volume leap in 2018
- Circle growing rapidly
- WFS achieves Iata CEIV Pharma certification in Amsterdam
- Ole Ingrisch to chair Port-Safety board
- Giant box terminal growing even bigger
- DFDS and Felixstowe port boosting ro-ro capacities
- Central Asia after Central America
- Container train covers 10,294 km in 18 days
- Ivan de Souza joins Deugro group
- "Curiosity of the Day"
- DHL Express builds new hub at Copenhagen airport
- Haropa growing globally, but lifting lighter boxes
|JANUARY 23, 2019|
- DSV-Panalpina deal could get 'messy' as the offer is considered
- Transpacific volumes to the US hit new highs, but the future looks more uncertain
- New innovation initiative will be 'a game-changer' for air cargo
- Swedish docker unions clash as ports lock out striking workers
- Germany bans Iran's Mahan Air flights
- Ivan Liso is new EMEIA director of projects at Crane Worldwide Logistics
- Three major freight operators and how they view 'precision railroading'
- Supply chain radar: DSV 'will be rejected'... but Panalpina a done deal if the bid is sweetened
- Supply chain radar: huge takeover premium for DB Schenker, and Bolloré + Geodis deal talk sparks outrage
|JANUARY 23, 2019|
- World Marine acquired by scrap recycler M.A.R.S.
- Wärtsilä books multiple orders for Aquarius UV BWMS
- Rolls-Royce Rauma thruster plant gets a EUR 57 million makeover
- Fincantieri Bay completes complex conversion of ATB barge
- Eagle Bulk buys one, sells two, adds scrubbers to three more
- Study shows strong investment case for LNG as a containership fuel
- EBDG teams up with Australia's AMD Marine Consulting
- Port of Fujairah bans the use of open-loop scrubbers
- Gulf Craft delivers third Express Plus FSV to SEACOR Marine
|JANUARY 23, 2019|
- Vogel and Rodgers clash on scrubbers
Marine Money conference in London hears opposing views ahead of introduction of IMO sulphur cap in less than a year's...
- UAE tightens grip on Middle East Gulf transhipment business
Khalifa port expects to double its throughput levels in 2019 to about 3m teu, but provisions are in place to...
- Seafarers UK starts hunt for Bryant's successor
Seafarers' charity with Royal patronage distributed £2.5m to 60 maritime organisations with 73 grants to seafarers and their families in 2018
- Faulty pumps link to Kerch Strait LPG blast
Video footage shows vessels still burning as fire-fighting tugs battle to extinguish the LPG-fuelled blaze
- China and Brexit dominate shipping leaders' gathering
Meanwhile, finance panel bemoans bank preference for big names over second tier, and discusses China's aggressive attempts to break into...
- Eagle Bulk signs bulker deals
The vessels that have been sold had drydocking and ballast water treatment systems due to be installed, resulting in savings...
- Commitment to quality pays off for Bahamas Maritime
Bahamas Maritime Authority has reported the lowest number of detentions ever recorded. This is the result of a commitment to...
- UK shortsea capacity grows ahead of Brexit
Even short delays for customs clearances could have a major impact on shortsea shipping, forcing importers and exporters to consider...
- CMPort boosting investment in Djibouti free trade zone
Middle East and Africa China Merchants Group Ports and Logistics
- Greece adopts shipping programme for schools
Project Connect finally brings well-tried 'Adopt-a-Ship' concept to world's largest shipowning nation
- Daily Briefing
Kerch Strait vessels blast death toll rises to 14 | Win or lose in the bunker shake-up | Jury out...
- IMF global growth numbers sound alarm bells for shipping
With shipowners' fortunes linked to the health of the global economy, the shipping industry is casting a wary eye over...
- Brexit: 80% of UK ports unprepared, survey finds
Nearly 60% of respondents now expecting negative impact, according to Odgers Berndtson, with only one in four of the opinion...
- NuStar loses appeal to recover OW Bunker fuel bill
A lien would have allowed NuStar a full recovery of payment owed, rather than the 25% to 40% they will...
- Aegean directors: company will emerge more competitive
Sales volumes have steadily increased over the past three months, said director of global trading Sal Drago
- Port of Fujairah bans open-loop scrubbers
Brief notice does not give a date for the ban to take effect or say whether closed-loop scrubbers are allowed
- Study pushes business case for LNG newbuildings
By looking at net present value of an investment in a 14,000 teu newbuilding, research group finds LNG offers the...
|JANUARY 23, 2019|
- Protest traps Mexican imports at West Coast ports
- Memphis chassis shortage worsens
- Value-added services in shipping take shape
- New Pecem service aids northern Brazil shippers
- Infographic: Trans-Pacific shippers' 2019 outlook
- Index signals weak MPV/HL demand
- Venture capital focuses on tech for big BCOs
- India eyes spring for electronic manifest rule start
|JANUARY 23, 2019|
- Honolulu crunch time looms for world's last sail-driven oil tanker
Hawaii sets February deadline for decision on moving vessel to make way for new container terminal
- Group cites 'fake news' in response to recent port bans
Clean Shipping Alliance 2020 says harbours should not prohibit open-loop scrubbers given lack of scientific data
- Costamare clocks up stronger than forecast profit
Improved earnings come at end of a year which saw company invest $900m in extra tonnage.
- Shipping safety takes a hit in dysfunctional government era
US administration shutdown is hindering vital coastguard work with worrying long-term implications
- Hats off to Hadjipateras and his CMA commodore crown
John Hadjipateras will be the toast of the US East Coast shipping community later this spring when he is given the iconic bicorne hat to become this year's Connecticut Maritime Association (CMA) commodore. Hadjipateras, who is chairman, president and chief executive of Dorian LPG, will be cheered and teased in equal measure when he is honoured at the association's dinner in Stamford, Connecticut,
- JP Morgan downgrades Scorpio Tankers, Tsakos
JP Morgan has trimmed expectations for 2019 tanker rates, while revising its outlook on some of the sector's players. In a Wednesday morning note, analyst Noah Parquette rolled back his VLCC rate forecast from $25,500 per day to $23,000 and MR tanker rate forecast from $14,000 per day to $12,000, downgraded Scorpio Tankers and Tsakos Energy Navigation from overweight to neutral and upgraded Euron
- Songa deal linked to Star Bulk stock slump
Petros Pappas-led bulker owner's share tumble related to acquiring 15 ships from Songa Bulk in July, analyst says.
- Authorities move to block award for whistleblowers
Engineer who documented illegal oil discharges that led to a $3.2m fine told he should have reported crimes directly to US Coast Guard
- Wilhelmsen to manage FSRU for newcomer Pardus
Wilhelmsen Ship Management (WSM) has won a contract to manage Pardus Energy's new FSRU. The 170,000-cbm Turquoise, built at Hyundai Heavy Industries, will be handled by WSM in Malaysia. Wilhelmsen Ship Management targets UK market "We are extremely excited to be selected as the manager for this FSRU. This win further solidifies our position in the gas market and we expect further growth driven
- Chinese lessors opening up in pursuit of profit
CMB Leasing executive explains changing behaviour of Chinese leasing houses.
- Braemar: pricing, design uncertainty to curb tanker newbuilding interest
While bullish on overall tanker market prospects, global research head Henry Curra doesn't expect newbuilding orders to pick up significantly.
- Thumbs up from Wall Street for Scorpio Tankers' reverse split
Analyst who questioned New York-listed owner's move is now convinced it is a winner
- Watchdog orders Solstad to revalue 140-ship OSV fleet
Norwegian financial watchdog Finanstilsynet has ordered Solstad Offshore to revalue its fleet of 140 ships. The authority told the Sysla website that it believes the giant OSV owner broke accounting rules. The deadline for the company to respond is Wednesday. Ocean Yield in charter standstill deal with Solstad Solstad bondholders back company with interest freeze Christian Falkenberg Kode, se
- ICG bags first EIB green loan of $176m
The European Investment Bank (EIB) has awarded its first ever green shipping initiative loan to Irish owner ICG. The EUR 155m ($176m) facility will part-fund two new ro-paxes for the Dublin group, which runs Irish Ferries. This is also the EIB's first ever loan to ICG. The green initiative supports bids to to reduce emissions and improve fuel efficiency. ICG's 1,885-passenger newbuilding W.B.Y
- Capesize woes push Baltic Dry Index back below 1,000
Capesize weakness has sent the key Baltic Dry Index (BDI) back down below the 1,000 mark for the first time since last April. The Baltic Exchange bulker assessment was down 54 points to 984 on Wednesday. The capesize index dropped 117 points to 1,775, as Clarksons Platou Securities blamed Chinese coal import restrictions for continuing to drive down rates. Winter slump drags Baltic Dry Index cl
- SEA\LNG unveils new boxship-based LNG-fuelling study
Independent report says LNG is only scaleable marine fuel that advances shipping's greenhouse gas (GHG) reduction objectives.
- Southern California firm trims Seacor Marine position
A southern California investment firm has cut back its position in Seacor Marine Holdings. Private Management Group sold more than 200,000 shares in the New York-listed offshore player, lowering its stake from 6.09% to 4.25%, Securities and Exchange Commission filings from Wednesday show. UPDATE: Seacor buys $46m PSV trio from Cosco yard According to its quarterly report filed last November, th
- Cypriot fund is only bidder for Greece's Elefsis yard
Cypriot fund Inter-M Traders has been identified as the only bidder for Greece's Elefsis shipyard. The Kathimerini daily said KPMG is conducting a tender for an investor in the yard on behalf of creditor Alpha Bank, in cooperation with the economy ministry. The offer is said to come with conditions, including the completion of the Greek navy's shipbuilding programme and the maintenance of the fl
- Top shipowners enjoying cheapest debt in a decade
Loan terms best since financial crisis with Basel IV set to tip the scales further.
- TEN charters out suezmax to Stena Bulk
US-listed Tsakos Energy Navigation (TEN) has clinched a period charter deal with Stena Bulk of Sweden for its 157,000-dwt tanker Eurovision (built 2013). The agreement is for 18 months at $25,000 per day. Tsakos bought the tanker as a resale from a Korean owner in 2012 for $52m. The deal lifts the number of suezmaxes in the Stena Sonangol fleet to 24 units. TEN has also reportedly clinched thr
- Eagle Bulk confirms ultramax buy as it offloads more veterans
US owner buys Chinese bulker for $20m while getting rid of 2001-built ships ahead of drydockings.
- Nigerian export halt likely to be empty threat to LPG shipping
Some market players are not expecting LPG shipping demand to be affected much due to the West African country's track record
- Anchor-handlers crash back down to earth
Rates for North Sea anchor-handlers have crashed back down after spiking in a sold-out market last week. Brokers report ships returning to port from charters. Earnings have dropped 80%, with fleet utilisation down to 52%. The annual average is 55%, according to broker Westshore. Clarksons Platou: demand growing for OSVs Nine of 16 vessels are free in Norway, with four of 11 available in the UK
- Majority of UK ports 'unprepared' for Brexit
Bosses at only 16% of UK ports have made "significant or practical plans" for Brexit. Executive search firm Odgers Berndtson quizzed leaders at 100 terminals to assess readiness for the country leaving the European Union. The majority of respondents had either carried out "only some high level planning" or had done nothing at all. UK flag blow as P&O reflags fleet ahead of Brexit "The ports in
- Swedish port workers walk out
Swedish port workers have walked out in a row over union representation. About 1,000 dockers took strike action on Wednesday at 15 terminals including Malmo, Gavle and Helsingborg, with those at Stockholm and Gothenburg due to follow suit later in the day. The Local website reported that the Swedish Dockworkers' Union (SDU) had been unable to reach a deal with port companies over collective barg
- Addleshaw Goddard begins Asian maritime legal push
London-headquartered firm Addleshaw Goddard has gained a foothold in Singapore's maritime law scene with the recruitment of former Ince & Co lawyer Ton van den Bosch as a partner on its corporate team. Van den Bosch was previously Ince's head of global terminals and maritime infrastructure practice as well as head of its energy and projects team in South and South East Asia. He begins at Addlesha
- Kerch explosion ships linked to illegal trade
The explosion in the Kerch Strait that killed at least 14 crew members during a ship to ship transfer between LPG vessels happened in an area known to be used by vessels carrying out illegal fuel transfers. The 4,811-dwt Maestro (built 1990) and the 4,444-dwt Candy (built 1992) were anchored off Cape Takhil in the Crimea, where sources say transfers regularly take place to avoid trade sanctions i
- Sebjornsen becomes CEO at Indian technology company
Former Bahri chief executive set to strengthen JM Baxi arm with artificial intelligence and machine-learning developments.
- Chinese icebreaker embedded in iceberg
Embed: Xue Long in the ice A Chinese icebreaking research ship has crashed into an iceberg in Antarctica. ABC reported that the 8,800-dwt Xue Long (built 1993) broke its mast as 250 tonnes of ice fell on the vessel. Nobody was injured in the incident. The ship was travelling at three knots in the Amundsea Sea at the time, according to China's ministry of natural resources. Crew used axes and
- Jiangnan and Gasfin cut steel on FRU for Ghana LNG project
China's Jiangnan Shipyard and Gasfin Development have cut steel on a 28,000-cbm LNG floating regasification unit (FRU) that is being constructed to serve a $350m LNG import project under construction in Ghana. NYK LNG carrier earmarked for FSU role in Ghana project The FRU, which is identified as Hull No 2621, is being built to work in combination with an existing LNG carrier that will serve as
- K Line VLGC brings in first Ichthys LPG cargo
A K Line vessel has imported the first Ichthys LPG cargo into Japan. The 79,513-cbm VLGC Grace River (built 2002) discharged the Australian gas at Fukushima in a deal with Astomos Energy Corporation. The Inpex project will be exporting 70% of 8.9m tons per year of LNG to Japan. It is also producing about 1.65m tons of LPG per year, as well as condensate, which will be carried by K Line aframaxe
- ESL Shipping adds two brokers to chartering team
Finnish bulker owner ESL Shipping has strengthened its chartering team with two new appointments. The move was made to respond to the requirements of a growing fleet and to serve existing and new customers even better, it said. Tommi Laukka was brought in as a shipbroker from 7 January. He has "long and wide experience" in chartering, agency and port operations, the company said. Julia Pugina
- Torsten Teichert eyes comeback at Hamburg Chamber
Former Lloyds Fonds management board chairman Torsten Teichert is the favourite to become president of the Hamburg Chamber of Commerce. Die Welt reported that the former shipping finance executive is up against Buss Group boss Johann Killinger in a vote on Thursday. The majority of members spoke in Teichert's favour at a closed session on Sunday. Former Chamber head Tobias Bergmann resigned on
- Thomas Miller cargo-loss case prompts judicial rethink
A UK high court judge has kicked out an indemnity case involving underwriter Thomas Miller that arose from a cargo loss 10 years ago. The legal battle prompted Justice Stephen Males to propose a more streamlined procedure to ensure that such costly oral hearings do not effectively become full hearings. The judge said in most cases hearings should last no more than 30 minutes and there should be
- Courage Marine expects to report full-year loss
Hong Kong-listed bulker owner has been hit by the volatility in global stock markets.
- Dampier faces potential closure in face of storm
Authorities say tropical low currently located over the Timor Sea is expected to become category 2 cyclone.
- Emirates National Oil sells MR2 tanker pair to China
Emirates National Oil Co (ENOC) has ended its direct involvement in tanker shipping after selling its two product tankers to Chinese interests. The Dubai-based oil company's 46,500-dwt, IMO type 2 MR tankers Falcon Grace and Falcon Victory (both built 1999) are joining the fleet of China's Zhejiang Changchang Shipping. While Zhejiang Changchang officials confirmed the deal to TradeWinds, they de
- Win More seeks High Court backing for release of tanker
Hong Kong owner tells local high court of its frustration in waiting for flag state to act on releasing its tanker held in detention in South Korea
|JANUARY 23, 2019|
- Detention, demurrage 'pain point' in international trade
National Industrial Transportation League panel focuses on ways to reform charges.
- Commentary: Don't play Russian roulette with rules
U.S. exporters may be tempted to prematurely re-engage with three Russian industrial giants reportedly relieved from Treasury sanctions before knowing all the facts.
- Majority of U.K. ports unprepared for Brexit
- Great Lakes carriers move 83.7 million tons in 2018
- Executive Moves: Transplace and LSO
- Wilmington marks first export shipment of Ford vehicles
- Wind turbine parts land at Port of Portland
- NYK takes delivery of innovative coal carrier
|JANUARY 23, 2019|
- US readies oil sanctions as Trump recognizes Guaido as Venezuelan president
- Sinopec refinery starts producing IMO-compliant bunker fuel oil
- ICE delays launch of 0.5% sulfur marine fuel futures and others on US shutdown
- Sinopec refinery starts producing IMO-compliant bunker fuel oil
The first batch of the LSFO, about 6,000 mt, was delivered on Wednesday morning.
- Japan's Showa Shell, Fuji Oil to lift another 2 mil barrels Iranian crude
The latest lifting comes days after Fuji Oil and Showa Shell loaded the first Iranian crude oil cargo to be lifted by the Japanese refiners, as well as by Japan, since the country won the 180-day sanctions waiver on November 5.
- ANALYSIS: OPEC cuts amplify supply side imbalances in crude oil
There is an "assumption that oil is a homogeneous market. It is not," an analyst at a European refiner, an analyst at a European refiner said.
- Fujairah bunker demand picks up as price spread to Singapore widens: sources
"Some of our customers have gone to Fujairah to take bunkers instead as prices are more attractive there for now," a trader said.
- Fujairah bans use of open-loop scrubbers in port waters as IMO 2020 looms
"Ships will have to use compliant fuel once the IMO 2020 sulfur cap comes into force," the port said.
- Rotterdam bunkers surpass six-week high on tighter supply, export demand
Increased demand from Singapore and Saudi Arabia supported counter-seasonal strength in the European HSFO market.
- Ocean Tankers says bunker spill clean-up at East Anchorage Singapore completed
A bunker fuel spill occurred was spilled when SJ was supplying 2,800 mt of 380 CST marine fuel oil to Mt Ridgebury Purpose.