|JULY 24, 2019|
- UK calls emergency meeting to discuss shipping security in Gulf
- Tariffs drag down Long Beach container volumes by 10pc
- CETA boosts two-way trade between Canada and the EU
- APMT and ILWU agree to training scheme for automated LA terminal
- Yang Ming to install Sperry Marine's VisionMaster Net on 10 feeder ships
- India needs to modernise transport network to handle e-commerce
- Malaysia's Northport attains Lloyd's ISO 45001 certification
- Australia's Newcastle box port hopes dashed by central planners
- Cargolux Italia starts new B747F service to South Korea
- Toronto needs to be a well-oiled machine to handle 45pc of Canada's air cargo
- Sexy apparel wearers fuss over global warming caused by free shipping
|JULY 23, 2019|
- Further accessions to two important IMO instruments
- Joint WCO-UPU Guidelines on exchange of electronic advance data between Posts & Customs published
- Kumar Sanjay Bariar appointed Joint DG (Shipping)
- Surge across all dry bulk segments seen
- Govt may impose anti-dumping duty on imports of aluminium & zinc coated flat products from 3 nations
- Ongoing projects to boost traffic handling capacity of Mumbai Port & JNPT, says Minister
- Nitin Gadkari updates Parliament on Bharatmala
- NTC Logistics celebrates 17th Drivers' Day at Namakkal & Vadodara to honour its crew
- IMF sees US-China trade war slowing global trade
- Leading policymakers, regulatory authorities to grace CONquest 2019 Ludhiana on Aug. 5
|JULY 23, 2019|
- Major rail hub, ro-ro terminal and cross-docking facility planned for North Sea Port
- Strong first half for ocean freight keeps Kuehne + Nagel on course
- DX Group on course to turn a £4.9m loss into £3.2m profit in a year
- Fears over challenges posed by IMO 2020 also being felt in dry cargo sector
- 'Smart' container fleet set to increase tenfold over next five years
- Air Belgium opts for new destinations
- Caught in the crossfire - story of a shipmaster in the Strait of Hormuz
- Against the odds - Come on, Klaus-Michael Kuehne: spin off the core ocean freight business
- On the wires: A Hapag-Lloyd + ONE merger? Please...
|JULY 23, 2019|
- Great Lakes Towing christens third Damen-designed tug in series
The Great Lakes Towing Company celebrated its 120th Anniversary with the christening of its newest tugboat, the Michigan. The newly constructed tug is the third in a series of five, 64-foot Damen
- Fincantieri Marinette Marine adds more brass to its board
As the competition to build the Navy's new FFG (X) frigate heats up, Fincantieri Marinette Marine, Marinette, Wisc., is bringing more retired After announcing that its board had named retired Navy three-star
- Bourbon requests suspension of listing
French based offshore services giant Bourbon says that its Board of Directors yesterday acknowledged that certain creditors of group affiliates had addressed credit payment request and/or contractual allowances to those affiliates. Bourbon
- VIDEO: WinGD and ExxonMobil talk IMO 2020 and beyond
The latest video in ExxonMobil's Talking Points series brings together specialists from Exxon Mobil and Winterthur Gas & Diesel (WinGD) to discuss the marine industry's readiness for the IMO 2020 global sulfur
- Joe Angelo to be awarded IMO International Maritime Prize
IMO's prestigious International Maritime Prize for 2018 is to be awarded to Mr. Joseph J. Angelo, a former U.S. Coast Guard (USCG) and International Association of Independent Tanker Owners (INTERTANKO) senior executive
|JULY 23, 2019|
- Stena Bulk says yet to receive access to seized tanker and crew
Stena Bulk said it is still seeking permission to visit the Stena Impero and verify the safety and well-being of...
- When can a state seize a vessel?
'A state has sovereign jurisdiction to exercise its own laws within its territorial sea, so on the face of it...
- BHP invests $400m to tackle emissions crisis
The Australian miner and charterer commits to low-carbon technologies to reduce its emissions
- Royal Navy 'shadows' UK-flagged ship through Hormuz as transits continue
The 2007-built BW Elm is the first British vessel above 10,000 dwt seen to transit the passage since Stena Impero, a UK-flagged, Stena...
- IMO takes first steps towards full transparency
Governments are on board with partially loosening media reporting rules and enlarging the circle of decision-makers
- DSV extends Panalpina offer deadline
The additional acceptance period, which starts on July 24, runs until August 7
- Kuehne + Nagel's ocean freight helps boost profit in 'tough' environment
K+N's sea freight unit increased its volume in the first half of the year by 4.5%, far above the overall...
- Bulkers reaching close to decade high
The midsized bulker segments are doing as well as at any point since 2010, benefiting from tight supply in the...
- Seajets founder recognised for Greek disaster response
Seajets founder Marios Iliopoulos has been formally recognised by the local community for his response to one of the country's...
- Pangaea acquires another supramax
The vessel is believed to be the Nantong K, currently in the K Line fleet
- Bourbon seeks listing suspension amid talks with creditors
Bourbon, the French offshore oil and gas services provider, has asked for a suspension in its Euronext listing while it...
- Beijing accuses US of 'wrongdoing' over sanctions on Chinese oil trader
An estimated 650,000 bpd shipped from Iran last month, analysts estimate with the 'official' figure seen much lower than that
- Vale close to resuming some shuttered iron ore output
Vale said its iron ore production and sales both showed a significant improvement at the end of the second quarter...
- Japanese duo take minority stake in LNG company AG&P
AG&P said in a statement it plans to drawn on the new equity injection to fund LNG initiatives in India...
- Two-tier box charter market extends through mid-year
With larger tonnage in demand to cover scrubber retrofits, a two-tier charter market has been created with vessels over 6,000 teu...
- Daily Briefing
Owners seek UK flag switch as Iran threat strands ships in Gulf | UK parliament told tanker seizure was 'an...
- LPG owner Oriental Energy considers Singapore IPO
Other locations being considered for the planned IPO include Hong Kong, according to an official
- China to surpass Japan as leading LNG importer by 2022
WoodMac projects that Japan will remain the world's second-largest LNG consuming country until at least 2040
- Heerema wins Taiwan wind farm contract
The offshore phase of this project will start in March 2020 with planned completion in early June 2020
- Japan to 'consider' role to protect Middle East Gulf shipping
Prime minister Shinzo Abe has said that Japan will 'play its role' in reducing tensions between the US and Iran, but...
|JULY 23, 2019|
- Baltimore gets grant for tunnel project, but shortfall remains
- VIP service promises faster LA terminal cargo delivery
- Brazil seeks to cool fresh trucker tensions
- New Southern India-Northern Europe loop to launch in October
- Startup aims to solve India's trucking puzzle
- New pellet facility to fuel Prince Rupert exports
- Antitrust oversight coming to blockchain in shipping
- Kuehne + Nagel: No December rush ahead of IMO 2020
- First equipment interchange to ease Mexico intermodal flow
|JULY 23, 2019|
- Financing LNG-fuelled tonnage may be a lot easier than you think
Lenders are looking favourable on this increasingly attractive investment
- Intercargo concerned over lack of compliant fuel available for testing
Intercargo is "extremely worried" that not enough IMO 2020 compliant fuel is available for testing. The association said 0.5%-sulphur fuel is available at only a limited number of ports and "under unfavourable terms" at the moment. It said that presents a safety concern for bulkers because many shipowners will not get the chance to test the new generation of low-sulphur blended fuels, with just
- Delphin Holdings may sell three million Star Bulk shares
Delphin Holdings may one day take a big step back from Star Bulk Carriers. The investment vehicle controlled by shipowner Sophocles Zoullas and Kelso & Co registered 2.97 million shares of the Petros Pappas-led bulker player for sale, according to an SEC filing. Public Greek owners shed supramax tonnage in busy summer market The units would be offered at a maximum price of $10.62 each for a pos
- Preparation for IMO 2020 prompts wide price swings in bunker markets
Industry consensus is that spreads will widen from late 2019 as some players shrug off recent volatility
- Scrubber frenzy fizzles out as owners consider financial benefits
Wartsila and Alfa Laval report lower scrubber sales amid uncertain investment return and limited installation capacity
- First VLEC sails on US to China voyage despite trade tensions
Despite the trade war, two Evergas-operated gas carriers are shipping US ethane to China
- Iran keeps Stena Bulk waiting to check on health of captured tanker crew
Stena Bulk - the owner of a tanker dramatically seized by Iran's Revolutionary Guard on Friday - has still to receive permission to visit the captive crew. Iran strikes in Strait of Hormuz as Middle East tanker tensions explode Could anti-piracy measures have saved Stena tanker? The shipowner revealed it was still in limbo as it dismissed suggestions from Tehran the 50,000-dwt Stena Impero (bui
- Scorpio's Bugbee and Deutsche Bank's Mehrotra go head to head over share sale strategy
Duo clash as Mehrotra says Scorpio Bulkers has missed a significant opportunity to create value
- UK government puts on a brave face as Brexit sparks flag flight
Maritime ministers insist country is on course despite Brexit and targeting of UK-flag ships in the Middle East Gulf
- Bahri hit by lower tanker rates as profit plunges
Saudi Arabian VLCC giant also blames higher fuel costs for lower second quarter figure.
- Navig8 Chemical brings in Team Tankers man
Svend Anthonsen appointed tanker owner's chief technical officer.
- Louis Dreyfus wins 'major' windfarm contract
French owner to supply and install cables for Saint-Nazaire project.
- Chinese refiners hold out for LSFO tax breaks
Producers want changes to tax laws before they pump out low-sulphur bunkers.
- One year on, Iliopoulos honoured for rescuing Greek blaze survivors
Greece remembers Mati disaster victims, which claimed more than a hundred lives
- Fred Cheng sells capesize bulker with deals on the rise
The capesize S&P market is still proceeding with cautious optimism, brokers say.
- Empros-V.Ships joint operation adds panamax bulk carrier
Triton Gannet becomes joint venture's 17th bulker
- UK eyes European task force in Gulf
Foreign secretary Jeremy Hunt pledges cooperation to tackle Iranian threat.
- Greek owner sues PES over suezmax fees
Nereus Shipping companies targets US refiner hit by fire.
- Crew relive 'nightmare' of Grace 1 raid
Indian officers still do not know when they will be released.
- Osaka Gas and JBIC invest $100m in LNG import terminal firm
Japan utility looks to derive industry synergies from tie-up with Manila-based company
- LPG charterer Oriental Energy eyes Singapore IPO
China's largest importer of LPG says it is keen to further tap global capital markets
- Mystery seller looks to offload jack-up drilling rig fleet
Disposal said to be an opportunity to acquire assets at a discount before utilisation and rates improve
|JULY 23, 2019|
- US sanctions Chinese buyer of Iranian crude
Rising risks to shipping assets and seafarers in the Strait of Hormuz remain on center stage following Iran's seizure of the U.K.-flagged tanker Stena Impero on Friday.
- Commentary: Cato's Jones Act numbers wrong
The Cato Institute's methodology is less solid than quicksand, says John McCown, the co-founder and former chairman and CEO of U.S. flag carrier Trailer Bridge Inc.
- Bay Area ports could face capacity 'stress'
Consultants look at how growing volumes over the next 30 years could affect terminals handling containers, roll-on, roll-off and dry bulk cargo at San Francisco Bay ports.
- Blockchain provides farm-to-fork visibility
- USDA allows raspberry imports from Morocco
- Kuehne + Nagel expects 'tough ride'
- CBP readies for e-commerce shipment pilot
|JULY 23, 2019|
- ADNOC Ruwais RFCC shutdown raises fuel oil supply; fundamentals stay strong
The UAE's Abu Dhabi National Oil Co., or ADNOC, has sold four 80,000 mt of straight-run fuel oil cargoes after it shut its 127,000 b/d residue fluid catalytic cracker mid-July, traders said Tuesday.
- Ships advised to provide Hormuz transit plans to assist naval security deployment
Shipping industry associations have this week issued advisories asking vessels to provide transit plans for the Strait of Hormuz to maritime agencies.
- Trump questions US role policing Strait of Hormuz for Asian oil importers
US President Donald Trump on Tuesday questioned the US role protecting oil shipments through the Strait of Hormuz.
- FUTURES 5: Oil advances as Hormuz risks come into focus following Trump comments
Oil futures settled higher Tuesday following comments from US President Donald Trump suggesting a possible reduced role for US forces in securing Persian Gulf vessel traffic.
- China proposes ban of wash water discharge in all domestic ECAs
The last day for feedback for the latest proposal is August 22, the administration said in a statement.
- Persistent criticisms of scrubbers 'plain wrong': Pacific Green Technologies
"What society really needs is air it can breathe and air that is not toxic," it said, adding that scrubbers are critical to that outcome.
- FUTURES: Crude oil rises amid Middle East tensions
"Oil prices remain supported by Middle East geopolitical risk," said Vanguard Markets managing partner Stephen Innes.
- Japan will continue to import Middle East oil; to diversify supply sources: minister
"Crude oil procurements from the Middle East will continue to be important," Seko said.
- UK seeks 'European-led' maritime protection mission in Strait of Hormuz
"We will now seek to put together a European-led maritime protection mission to support safe passage of both crew and cargo in this vital region," Hunt said.
- Iran oil exports fell below 300,000 b/d in June: State Department's Hook
"We are encouraged by reports that indicate Iran's oil exports fell again in June after a sharp dip in May," Hook said.
- Asian refiners, shipowners hedge Strait of Hormuz transit risks as tensions escalate
"We may look for more shipments from the US, Central Asia and other non-Middle East regions to avoid the risks over the Strait of Hormuz," an official at SK Innovation said.
- Brazil to follow US policy on Iran, deny fuel to ships: Bolsonaro
Petrobras clarified it did not supply bunker fuel to the two Iranian vessels in question because of sanctions.