|JULY 25, 2019|
- UK-flagged ship assisted by Royal Navy through troubled waters
- UK-flagged ships consider switching registration to avoid seizure in Gulf
- IMF cuts global growth forecast amid trade tensions and no-deal Brexit
- Box volumes on China's Yangtze River rise 5.3pc in H1 to 9.4m TEU
- Chinese companies pour US$1.7b in Khalifa industrial zone
- DP World in Chile automates reefer monitoring, energy consumption
- King Abdullah port's new 28 cranes to boost capacity to 5m TEU
- Incidents of piracy, armed robbery in Asia plunge 32pc in H1 2019
- National Air Cargo buys three former Cathay freighters
- Air China renews cargo handling deal with Menzies at San Francisco
- Virgin Atlantic Cargo awarded Cargo iQ certificate
|JULY 24, 2019|
- Bahri registers growth in revenues & operating income in H1 2019
- China maintains prime position in global shipbuilding in H1
- Egyptian govt announces Suez Canal incentives
- IMO Council urges flag States & shipowners, operators to review maritime security plans
- India to have greater voice at forums like IMO: Mansukh Mandaviya
- Smart devices seen having potential to transform utility & value of shipping container equipment assets
- Sixteen projects identified for modernisation of VOC Port
- GST invoice not required if goods taken abroad for export promotion events are brought back in 6 months
- Support measures for the sugar sector do not have any trade-distorting effect, India tells WTO
|JULY 25, 2019|
- Fewer car parts, more lavatory paper
|JULY 24, 2019|
- CMA CGM pulls another Asia-North Europe sailing as demand weakens further
- Spades finally get dirty as Elbe deepening gets under way after 13 years
- As the game changes, FIATA pledges to step up to lead forwarders into a new age
- Opposition to EU-Mercosur trade deal sees logistics plans stay on drawing boards
- Railroads north of the border steam ahead of US counterparts
- UPS forms drone delivery subsidiary for commercial flights
- Maersk Honam renamed and ready to sail again
- On the wires: Kuehne + Nagel beats DSV (down $1bn in value in a week) to the punch, but...
- Market Insight: Q&A with Eternity's Nicolas Portenza - 'it is a natural race for survival'
- On the wires: With all eyes on FedEx's troubles, UPS gets away with it
- Tusks from 300 elephants and stash of pangolin scales found in container at Singapore
|JULY 24, 2019|
- River cleanup group reaches new milestone
Illinois-based environmental organization Living Lands & Waters has nearly doubled the amount of garbage removed from U.S. inland rivers compared to this time last year. So far in 2019, the group, established
- Marie Curie joins Baleària LNG fueled fleet
Spanish ferry operator Baleària reports that the Marie Curie, its fourth LNG fueled smart ship will enter service on its Valencia-Ibiza-Palma route from Friday, July 26. The ship is a twin of
- Sea Machines and MARAD to trial autonomous tech on MSRC skimming vessel
Boston-based Sea Machines Robotics has entered into a cooperative agreement with MARAD to demonstrate the ability of Sea Machines' autonomous technology in increasing the safety, response time and productivity of marine oil-spill
- Seaspan again picks Schottel for newbuild LNG hybrid ferry duo
Spay, Germany, headquartered Schottel has been chosen as propulsion supplier for the two newbuild Liquid Natural Gas (LNG)- battery hybrid ferries on order at Damen Shipyards Mangalia, Romania for Canada's Canadian Seaspan
- Stena Bulk in direct contact with crew of Stena Impero
Stena Bulk said today that it has had direct communication with the crew of the Stena Impero since late yesterday. The Master advised that everyone was safe with good cooperation with the
|JULY 24, 2019|
- GasLog halts Hormuz passages on UK and Bermudan advice
Changing flag could be 'one option' for owner's large liquefied natural gas carrier fleet, which is overwhelmingly flagged in Bermuda
- Correction - UK Chamber of Shipping
OUR story 'Royal Navy 'shadows' UK-flagged ship through Hormuz as transits continue' (Lloyd's List, July 23) said the UK Chamber...
- British flag tankers facing six-figure extra hit on war risk premiums
One UK flag owner is said to have been quoted as much as 0.8% of hull value for a single...
- Teaching change for an era of transformation
IAMU, the maritime universities' association, is anticipating transformation in shipping and creating a syllabus for leaders of an industry that...
- TechnipFMC wins Arctic LNG 2 contract worth $7.6bn
Project majority owner Novatek locks down stake sales to Chinese, Japanese and French interests
- HPH volumes little changed as Hong Kong terminals slide
HPH Trust warned of a challenging global external environment ahead, with heightened Sino-US trade tensions in recent months and a...
- Two British-flagged tankers tracked through Hormuz Strait
Since Iran captured the UK-flagged product tanker Stena Impero on July 19, British-flagged vessels have been advised by the UK government to...
- Seafarers should not be used as 'pawns' in geopolitical conflicts
With restricted or no access to communications and without really knowing the extent and consequences of their detention by military...
- Vale resumes partial operations at Vargem Grande
The resumption in activities will see about 5m tonnes of additional iron ore production this year, Vale said
- Universities' association launches Global Maritime Professional initiative
In an effort to get maritime universities to respond more rapidly to the changing maritime world, the IAMU has launched...
- Autonomous shipping boost for Zhuhai
The duo will apply the technology on ships serving the domestic trade on the Xijiang River in southern China
- Ministry confirms Indian crew on board Grace 1 and Stena Impero are safe
Officials from the Indian High Commission in London will meet the crew of Iranian tanker Grace 1 on Wednesday
- Stena Bulk says seized crew are safe after Iran allows contact
'We do of course appreciate this step of development and that this is a first sign that we will soon...
- ICTSI Manila terminal completes post-panamax quay crane upgrade
Capacity upgrades are also ongoing with the construction of Berths 7 and 8, and back-up areas for the future Berths 9...
- Daily Briefing
UK-flagged ship makes first Hormuz transit since tanker seizure | When can a state seize a vessel? | Beijing accuses...
- China issues plan for 2020 sulphur cap implementation
China Maritime Safety Administration is also to establish an integrated ship fuel reporting system across the country
- APM Terminals steps up LA automation effort after quarantine flag alert
Six straddle carriers were eventually unloaded at the Port of Los Angeles to enable APMT to start its automation of...
|JULY 24, 2019|
- US truckload carriers still short drivers: ATA
- NY to launch Northeast barge viability study
- UPS targets low-cost, e-commerce shippers with deferred delivery
- LA port advances cyber resilience project
- Freight coalition calls for US freight grant reform
- Elbe dredging serves notice to Hamburg rivals
- Forest products carriers dominate global breakbulk fleet
- Norfolk Southern bullish on second half intermodal
- 1847 Holdings acquires Chicago-based trucker
- 2M keeps Asia-Europe sailings while rivals cut
- Yilport vision for Gulfport gaining momentum
|JULY 24, 2019|
- Fincantieri's profit falls amid asbestos lawsuits
Fincantieri saw a fall in earnings have after paying for litigation related to asbestos claims and a hefty tax bill. The Italian shipbuilder posted €12m in net profit for the year's first half versus €15m during the same period last year. Adjusted net profit came in at €34m, down from $39m. Lines splash out billions on mega-makeovers for cruiseship giants The company paid $18m to settle lawsui
- Eagle nosedives on convertible debt offer for ultramax swoop
Shares of Gary Vogel-led bulker player plummet during morning trading.
- Order-starved Mitsubishi to build Navios VLCC contracted at Imabari
Imabari subcontracts compatriot to build one of four VLCCs ordered by Greek owner
- Susesea Holdings plots growth in handysize bulker sector
Shipowner also fixes first vessel and plans a few more
- China Navigation pays $13.8m for Leonhardt & Blumberg boxship
Singapore-based shipowner takes feeder-sized vessel from the Leonhardt & Blumberg stable
- SailCargo carves out fresh future in Costa Rica with sailing ship
On Watch: TradeWinds' weekly column taking a sideways look at shipping news
- John Fredriksen ups his stake in debt buyer Axactor
John Fredriksen has raised his stake in a company that isn't directly related to the maritime world but specialises in one of its core issues: debt. Tanker king Fredriksen injecting $100m into Norwegian Air Shuttle Geveran Trading, which is indirectly controlled by Fredriksen family trusts, has bought an additional NOK 15.6m ($1.8m) stake in Axactor, a multinational debt buyer. The company acq
- Middle East tension and falling oil demand in tanker 'tug-of-war'
Evercore ISI weighs up the negative headlines and their contrasting impact on tanker rates at a time investors have already claimed the 'easy money' for this cycle
- China hints at tighter restriction on open-loop scrubbers
Transport ministry seeking industry opinions on whether to extend the current restriction beyond the coastline from next year
- Fire-ravaged Maersk boxship ready to return
Renamed Maersk Honam back with new bow section from Hyundai Heavy.
- HHI seeks Chinese okay for mega-merger
South Korean shipbuilder takes another step towards tie-up with DSME.
- Capesize rates take a big hit as dry bulk market takes a break
Is this the start of a sustained bearish trend or just a market correction?
- UK's top court fills shipping gap with new trio
Supreme Court appoints maritime expert Lord Hamblen and two other judges with strong commercial experience
- Eagle Bulk Shipping in six-strong ultramax swoop backed by notes issue
New York-listed shipowner raises up to $115m in latest multi-ship transaction
- Seafarers caught in crossfire in hostile Strait of Hormuz
Forget trade disruption and rising insurance premiums it's seafarers, not shipowners, that are really feeling the heat of the Gulf crisis
- Court launches auction of $160m cancelled dredger
Former Jan de Nul newbuilding could be sold by the end of September.
- Polarcus returns to profit as seismic sector turns up
Firm oil prices, increasing E&P and an expanding client base are all reasons to be bullish
- GEV could lease $1bn-plus gas carrier fleet
Australian group considering financing options as big CNG vessel order takes shape
- Uljanik Plovidba turns red as it eyes ship sales
Croatian owner posts second quarter loss, but cash on hand rises.
- Palmali director faces tax evasion case
Executive at tanker owner's Russian unit accused of undervaluing profit.
- British Strait of Hormuz protection plan wins initial backing despite Brexit
European nations are setting aside Brexit rivalries with initial support for a British-inspired mission to protect shipping in the Strait of Hormuz. Foreign minister Jeremy Hunt proposed the plan this week after Iran's seizure of the 50,000-dwt Stena Impero (built 2018) in retaliation to the detention of a VLCC in Gibraltar. BW LPG gas carrier completes Strait of Hormuz transit Iran keeps Stena
- ReCAAP in the dark over China's Malacca Strait warning
Asian piracy watchdog says no explanation has been offered by China despite incidents across Asia being at a record low
- HFW strikes $25m litigation funding deal
Legal firm seals agreement with Augusta Ventures to support clients.
- NGM Energy buys capesize following VLCC asset play
Secondhand buyers' attention shifts to large bulkers as dry bulk activity rises
- German shipping 'royalty' rallies to back digital start-up ShipStock
Oetker, Oldendorff, Offen, Rickmers and Hinneberg family members involved in 'first purely online maritime network'
- Subsea 7 banking up to $150m from Orsted deal
Kristian Siem-backed company to install 420km of cables for UK wind farm.
- TechnipFMC scoops $7.6bn Arctic LNG 2 contract
French offshore engineering group lands major deal to help construct Novatek's new gas platforms.
- BW LPG gas carrier completes Strait of Hormuz transit
Singapore shipowner's VLGC reportedly sails through disputed waterway without incident
- China to surpass Japan as top LNG importer by 2022
Decline in Japanese imports will be driven by competition from coal, nuclear and renewables.
- West of England recruits Tobin to drive offshore expansion
Insurer taps fellow International Group Club to recruit someone who brings a "wealth of experience"
|JULY 24, 2019|
- CBP grappling with 'unprecedented crisis'
The deployment of Customs and Border Protection officers to the U.S. southern border with Mexico has caused "real resource challenges," says Acting CBP Commissioner Mark Morgan.
- E-commerce pilot 'not a data grab'
Nine participants from the e-commerce sector will provide Customs and Border Protection certain data elements in advance of shipments arriving in the U.S. during the yearlong pilot.
- McAleenan welcomes advice on migrant influx
Trade advisory committee tasked with proposing ways to improve economic conditions in Guatemala, Honduras and El Salvador will submit report at Aug. 21 meeting.
- House shows support for Israel
A nonbinding resolution opposing the global boycott, divestment and sanctions movement against Israel passed the lower chamber by a landslide.
- Port of Virginia finishes terminal expansion
- BIS issues first decision on Section 232 exclusion requests in new portal
- Lowenthal to lead harbor commission
- DP World building terminal in Indonesia
|JULY 24, 2019|
- Iran rebuffs UK plan for European force to police the Strait of Hormuz
Iran has rejected UK plans to coordinate a European force to protect shipping in the Strait of Hormuz.
- Oil price calm amid Gulf tanker storm seen as overly cautious
Despite escalating tanker threats in the Strait of Hormuz, global oil prices have remained stubbornly stable in recent weeks.
- Crude stocks crater as exports pick up post-Barry
US crude stocks fell sharply last week as US Gulf Coast operations began to normalize in the wake of Hurricane Barry.
- FUTURES 5: Oil pulls back as demand growth concerns come into focus
Oil settled lower Wednesday as demand growth concerns overshadowed a large US crude draw and simmering tensions in the Middle East.
- Uneconomical long-haul voyages dampen appetite for HSFO ahead of 2020
HSFO prices in Singapore are rising against European prices, making the arbitrage window look good on paper.
- External: Global Risk Management
- FEATURE: Bunker market looks for extended credit lines as IMO 2020 nears
Shipowners are under pressure to evaluate existing credit lines and or even expand their supplier network.
- China likely to allot 6 mil mt product export quotas to four oil majors: source
"Those [state-owned] oil companies have been finalizing the volumes for each product and are going to submit the application," a source said.
- FUJAIRAH DATA: Light distillates stockpiles fall for first time in 4 weeks
Stockpiles of middle distillates, such as gasoil, diesel, marine gasoil, jet fuel and kerosene, slipped 9% to 2.101 million barrels, a three-week low.
- FUTURES: Crude higher on US stock draw, US-China trade talks
"Optimism from a restart in US-China talks also lifted energy prices," OCBC analysts said in a note.
- Oil-product barges start to shortload on falling Rhine levels
This shortloading of barges, combined with demand for barges to take product inland before logistical issues worsen has driven barge freight rates upwards.