|JULY 29, 2019|
- Asia-Europe rates surge 12pc to US$754/TEU, USWC dips 6.9pc to $1,433/FEU
- Box volumes on Asia-Med trade route bounce back after 2018 slump
- CMA CGM blanks another Asia-North Europe sailing
- US ports to suffer 'double-digit' fall in imports if more tariffs are imposed
- Jaxport box throughput in FY2019 to date is up 6pc to 1m TEU
- Work to deepen and widen Elbe River's fairway is officially started
- Panama Canal to consider industry views on proposed toll charge hikes
- Namport's new box terminal to begin operations in late August
- Flexport opts for new operator to provide freighter flights
- Centralised online platform helps cut truck waiting times at Heathrow
- Cargojet handles 'record volumes' during Amazon's Prime Day shopping
|JULY 28, 2019|
- Global containership fleet up
- India & Maldives ink MoU on cargo, passenger services
- OOCL's total volumes & revenues up in Q2 & H1
- Vivek Choudhary re-elected Chairman of Calcutta Freight Brokers Association at 81st AGM
- Benefits of PCS 1x highlighted at roadshow in Mumbai
- L&T Shipbuilding awarded five star rating by British Safety Council
- MbPT & DPT distribute laptops to daughters of martyrs
- New version of JNPT's official website facilitates better user interface & easy navigation
- Draft notification issued stipulating six-monthly fitness testing for vehicles older than 15 years
- GST rate on all electric vehicles reduced
- SBI enters into strategic alliance with SLCM Group for collateral management & warehousing services
- India's policy will essentially focus on export-led growth instead of import substitution: Niti Aayog
- Revenue generated through export & import
- Delegates to be present in strength at CONquest 2019 Ludhiana on Aug. 5
|JULY 26, 2019|
- Peak season capacity cuts hit home as Asia-Europe spot rates edge back up
- WGA hits back: Flexport dumped our contract after 'receiving a better offer'
- FedEx defends Chinese allegations over 'mishandling' of Huawei packages
- Container traffic the star performer for Rotterdam and Antwerp in H1
- Purolator speculates to accumulate as it 'future proofs' its delivery business
- Volga-Dnepr mourning the loss of 'a pure freighter guy' - MD Ron King
- Trade financing offer to Flexport customers hit by tariffs
- Under the radar: Stop Press! Forwarder buoyed by air freight
|JULY 26, 2019|
- Training vessel crews for today's ferry operations
Well -trained crews are vital to the success of any ferry service, especially as new vessels enter operation, often with advanced features and characteristics that may be unfamiliar to existing personnel. Among
- Two ships collect Transport Canada speeding tickets
Today, Transport Canada has issued monetary penalties of C$7,800 each to two vessels Americaborg and Atlantic Spirit, for alleged non-compliance with a temporary mandatory slow down. put in place July 10, to
- Port of Virginia reports record cargo handling in FY2019
Driven by an increase in imports, the Port of Virginia completed fiscal year 2019,) having handled a record 2.9 million twenty-foot equivalent units (TEUs), which is a volume increase of 4 percent
- YPF to step up exports of Argentine LNG
Argentina's largest energy company, YPF, has reached a preliminary agreement with Excelerate Energy L.P. for the charter of an LNG carrier that will export LNG from the Tango FLNG unit, located in
- Evoqua applies for USCG type approval for SeaCURE BWMS
The Coast Guard Marine Safety Center has received its 28th application for Ballast Water Management System type approval. It is for the SeaCURE BWMS, manufactured by Evoqua Water Technologies Ltd. MSC will
- Port State Control to crack down on emergency systems and procedures
Member authorities of the Tokyo and the Paris Memoranda of Understanding (MoU) on Port State Control will launch a joint Concentrated Inspection Campaign (CIC) on Emergency Systems and Procedures. Ships often operate
- With over $1 billion in liabilities, Bourbon files for court protection
French offshore services giant Bourbon Corporation said today that it has filed to enter court supervised reorganization proceedings (redressement judiciaire) to the Commercial Court of Marseilles. This came after the court rejected
|JULY 26, 2019|
- From the News Desk: Will diplomacy rule the waves as British Navy starts Hormuz escorts?
Highlights from the Lloyd's List News Desk this week include: all the latest analysis on events in the Strait of...
- Legal case for Iranian tanker seizure 'far from obvious'
'There is no UN measure in this case, which clearly places the burden on the UK to explain how it...
- Looking east from the Middle East
The crown prince of Abu Dhabi, Sheikh Mohammed bin Zayed Al Nahyan, has made several visits to key Asian partners...
- Anglo extends life of coal mine in Australia
The mine's operations will be extended for six years, Anglo said, extending its life until 2028
- Classic panamaxes find alternative employment
Reports of the demise of sub-5,000 teu tonnage may have been exaggerated, Clarksons says
- Bourbon applies for insolvency protection
Offshore support vessel operator became insolvent recently after creditor ICBC Leasing demanded payment of all outstanding rentals up to 2026
- West of England hires Lodestar's Davies
'Fixed P&I is an important part of our product mix, but it requires selective underwriting in this challenging market sector,'...
- Iran releases nine crew from detained ship Riah
Around 54 Indian crew members from three vessels - Riah, Stena Impero and Grace 1 - have been detained by British and...
- APL appoints Stephane Courquin as chief executive
Mr Courquin is a senior vice-president and head of the Middle East Gulf regional office of the French shipping group
- The Interview: Tsuneo Watanabe
Synthesising synergies across the chemical logistics value chain is key to improving MOLCT margins, according to its chief executive
- Stena Bulk in talks for release of seized vessel and crew
The seizure of Stena Impero and attacks on six tankers in the Gulf of Oman in two separate incidents, on May 12...
- Daily Briefing
Royal Navy to escort UK shipping through Strait of Hormuz | Boris Johnson pledges to back free ports | Low-sulphur...
- China's SF Express makes inroads in container shipping
Move comes after SF Express invested $100m in digital freight forwarder Flexport last year
- DP World pumps $1.2bn into Indonesia port investment
The joint venture with local conglomerate Maspion Group will build a 3m teu container terminal and industrial logistics park in...
- Congress eyes bill to revive US shipping industry
The bill's sponsors say it would revitalise US shipyards by relieving them from competition with 'heavily subsidised foreign shipyards'
|JULY 26, 2019|
- LBCT seeks to fully integrate terminal, trucker systems
- Zeamarine sets IMO 2020 bunker adjustment
- Werner's tech spending pays off in 'lackluster' market
- Panama Canal draft raised to 45 feet on recent rains
- New chassis location to speed turn times in CP's Chicago yard
- New CEO for APL as carrier readies Asia-Europe exit
- Maersk leveraging Loadsmart investment for US truckload booking
- Upward pressure on low-sulfur fuels raises shipper risk
- ISPM 15 stamp no guarantee of compliance
|JULY 26, 2019|
- Genco offloads vintage handysize bulker
Genco shipping has sold an older handysize bulker for $5.2m, brokers say. The John Wobensmith-led bulker owner has reportedly offloaded 28,400-dwt Genco Challenger (built 2003) to an unnamed Vietnamese buyer. One broker said it is "reasonable to say" that the ship sold in the low $5ms but not more than $5.5m. The ship has a market value of $5.48m and a demolition value of $2.32m, according to V
- Diana Shipping tender offer oversubscribed despite price hike
The company will spend another $7.5m in taking back its securities.
- Ship banned after failing to call at repair yard
Inspection had found holed tanks on Abdul G at Thessaloniki.
- SOL Wallenius likely to declare options
Start-up joint venture set to go ahead with more LNG-fuelled ships in China.
- Aon warns of discretionary nature of IMO 2020 P&I cover
Leading insurance broker Aon has warned shipowners that record-keeping will be critical in ensuring they are reimbursed for IMO 2020-related fines by their protection and indemnity insurers. Aon issued a note to clients stating that P&I cover for such fines would only be paid out by clubs on a "discretionary" basis. Intercargo concerned over lack of compliant fuel available for testing Aon warn
- Costamare sees curtailed competition for deals and fewer calls for scrubbers
Greek containership owner Costamare is keeping its eyes open for new deals at a time it is seeing reduced competition for purchases and a drop in calls for charters involving scrubber installation. Shipyards have highlighted demand for new large containerships as a positive, while Evergreen is known to be in the market with a tender for nine giant vessels worth around $1.7bn. Fresh charters driv
- Diana Shipping to sell panamax bulker
Diana Shipping plans to sell one of its panamaxes to an unaffiliated third party, the New York-listed company said today. The Simeon Palois-led bulker player has signed a memorandum of agreement with the buyer to purchase 75,300-dwt Nirefs (built 2001) for $6.71m before commissions. Diana Shipping inks Cargill charter in strong market The vessel is set be delivered to Diana by 30 October. Dian
- Dutch tonnage tax breaks extended to 2028
European Commission approves discounts for big ships and OSVs - at a price.
- Uljanik Plovidba contract row going to court
Croatian owner says arbitration bid turned down in row over order at 3 Maj.
- Herbjorn Hansson eyes 'positive effect' from Middle East Gulf hostilities
Herbjorn Hansson believes hostilities in the Middle East Gulf could play out positively for the tanker market as it gears up for a strong year in 2020. Hansson's Nordic American Tankers has a fleet of 20 suezmaxes in the water and will pay a dividend of a single cent for the second quarter of 2019, a period it said displayed a "normal seasonal slowdown". GasLog LNG carriers avoiding the Strait o
- Worker killed at Bangladesh shipbreaker
Cutter fell from former Evergreen boxship, NGO Shipbreaking Platform said.
- Cleaves Securities upgrades Eagle Bulk Shipping following drop in stock
A slump in Eagle Bulk Shipping's share price amid a convertible notes issue has been met by an upgrade from analysts at Cleaves Securities. Eagle to scoop Nautical quartet in first sale of scrubber-fitted bulkers Major investors Oaktree and GoldenTree provide $70m lift to Eagle Bulk offering Eagle nosedives on convertible debt offer for ultramax swoop Eagle is issuing the new paper with a $70m
- Carlyle and Stellex merging US yards
Funds move to acquire and combine Vigor Industrial and MHI Holdings.
- Nord L/B seizes Kunlun Holdings gas carriers
German bank enforces mortgage claims on two of alleged sanctions-busting owner's VLGCs
- Scotline adds third newbuilding at Bodewes
UK owner expands cargoship fleet again with option at Dutch yard.
- Samsung Heavy Industries loss stacks up on Ensco battle
A legal fight with rig giant Ensco has sent Samsung Heavy Industries to a wider loss in the second quarter of 2019. Seoul-listed Samsung lost a $180m arbitration battle with the drilling company in May and is appealing the decision. Greek shipowners target LNG amid strong outlook and increased spot market activity Enesel adds to crude tanker drive with suezmax duo at Samsung Heavy Industries T
- Boris Johnson's dad weighs in on tanker crisis
UK PM's father Stanley tells Iranian state TV his son can sort out dispute "easy peasy"
- Ukraine seizes Russian tanker that blocked bridge
Security service believes it has identified vessel that was used in seizure of three Ukrainian ships in November.
- Bourbon Corp files for court protection from ICBC Leasing
Restructuring French OSV owner says Marseilles court viewed Chinese debt repayment demand as proof of its insolvency
- Argentina's YPF charters Excelerate gas carrier to export LNG
Texas-based shipowner set to secure nine-month charter to export LNG from Chinese-built FLNG
- Saudi Aramco may ship more crude from Red Sea
Middle East oil producers looking at ways to export more crude via routes other than Hormuz
- GasLog LNG carriers avoiding the Strait of Hormuz
US-listed company said decision has been based on advice from Bermuda Ship Registry
- Was Stena Impero "spoofed" off course by fake GPS signals?
Britain's MI6 reported to be investigating Russian involvement in Strait of Hormuz incident
|JULY 26, 2019|
- OOCL reports 7% revenue increase
Transpacific liftings were down 0.6% but revenue rose 6% in the same trade lane.
- State Department turns up Cuba restrictions
- FMC meets with EU, China counterparts
- CBP presses forward with paper elimination
- Universal Africa adds Houston call
- Senators introduce Ex-Im reauthorization bill
- Rail shippers want more say in operations
|JULY 26, 2019|
- TANKERS: Panama Canal increases maximum allowable draft to 45 ft
The Panama Canal Authority announced late Thursday an increase in the maximum allowable draft level for vessels passing through its Neopanamax locks to 45 ft (13.72 meters), effective immediately.
- Singapore's residue stocks slide 8.75% on week to 36-week low
The residues stocks were last lower 36 weeks ago in the week ended November 14, when it was 15.82 million barrels, the data showed.
- ARA stocks fall 10% as Suezmax departs Rotterdam, Singapore premiums rise
Fuel oil stocks in the Amsterdam-Rotterdam-Antwerp hub fell 10% to 1.014 million mt in the week to Wednesday.
- FUTURES 5: Crude, products diverge as demand growth concerns come into focus
Oil futures finished slightly higher in a volatile Friday session as the market searched for direction amid fresh demand growth concerns and ongoing tensions in the Middle East.
- DUBAI FUTURES: Brent/Dubai spread holds in narrow range on fuel oil tightness
Benchmark Dubai crude futures' discount to Brent held within a steady range around $2/b in mid-morning trading in Asia on Friday.
- World Fuel's strong margins boost Q2 marine segment profit as volumes fall
"We feel like we're extremely well prepared and well positioned [for IMO 2020]," Kasbar said.
- India's Pradhan raises concerns about oil price swings with Saudi Arabia's Falih
The Indian minister advocated that a responsible price mechanism was in the larger interests of all nations.
- Turkish Straits delays lead to tighter Med diesel, 0.1% gasoil markets: traders
"Now long-range tankers can't go through at night... so it makes sense to bring smaller vessels like Handysize tankers through the Straits," a trader said.