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23 August 2019 The on-line newspaper devoted to the world of transports 15:10 GMT+2




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Sched Netweb site
JULY 30, 2019
  • OOCL cancels Asia-Europe sailings due to low demand
  • Port of NY/NJ is US second busiest port after LA
  • S Francisco Bay Area ports to see long-term cargo growth
  • Fire-ravaged Maersk Honam resumes service
  • FMC meets counterparts from EU and China
  • FTA urges UK logistics sector to extend Brexit contingency measures
  • Old Dominion's Q2 net income up 6.5pc to US$174m on 2.6pc hike in revenue
  • UPS wants to operate first revenue-generating drone operations in US
  • Air Canada Cargo stops services to New York's LaGuardia Airport
  • Lufthansa Cargo uses CSafe RAP coantainers to transport pharma cargo

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Exim Indiaweb site
JULY 29, 2019
  • Baltic Dry Index down
  • Cargo volumes seen falling due to escalating trade tensions & heightened uncertainty
  • Company approved as insurance provider under Indian Merchant Shipping Rules
  • Corné Hulst appointed COO of Pecém port in Brazil
  • COSCO SHIPPING Ports' Zeebrugge Terminal goes live with Navis N4 terminal operating system
  • HFW announces development partnership with litigation analytics start-up Solomonic
  • MOL celebrates 25th anniversary in Indonesia
  • New Panama Canal tolls structure likely to come into force from Jan. 1, 2020
  • Cotton exports to cross target
  • JNPT & terminals ink new MoU for Inter-Terminal Rail Handling Operation
  • VOC Port handles record 1,80,597 t of cargo in a single day & berths vessel with highest parcel size
  • CFSAI holds fruitful annual offsite meet for 2019 in Lonavala
  • Finance Ministry to gradually relax requirement of 100 pc physical examination of consignments of 'risky exporters'
  • IMF sees 7-7.2 pc growth for India in 2019-20 as the global scenario remains subdued

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International Transport Journalweb site
JULY 30, 2019
  • More checks at the Simplon

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The Loadstarweb site
JULY 29, 2019
  • OOCL results signal healthier-than-expected first half for box trades
  • Maersk pledges to 'welcome' forwarders onto TradeLens digital platform
  • Fesco and RZD launch joint Korea-Europe service via Trans-Siberian Railway
  • First quarter 'a good start' to the year, reports Agility Logistics
  • Perishables bonanza goes sour for forwarders in North America
  • Swissport set to refinance debt as preliminary results are announced
  • Lufthansa Cargo eyes uniform fleet - within six years
  • Market Insight: The next vertical push by CMA CGM, MSC and... K+N
  • On the wires: Yet another sign a Swissport IPO attempt is coming?

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Marine Logweb site
JULY 29, 2019
  • Rescue boat fell during drill because it was incorrectly secured
    In an investigation report (M18P0087) released today, the Transportation Safety Board of Canada found that incorrect securement led to the 2018 uncontrolled fall of a rescue boat from the passenger ferry Queen
  • Penguin to make FUELTRAX standard on its Flex range
    Singapore based Penguin International Limited has selected FUELTRAX to provide electronic fuel monitoring system (EFMS) solutions for its Flex Fighter range of armored multi-role security boats. The company will also install FUELTRAX
  • Klaveness takes delivery of second next gen combi carrier
    Oslo headquartered Klaveness Combination Carriers ASA today took delivery of the MV Barracuda from New Yangzi Shipyard in China. The MV Barracuda is the second of eight contracted CLEANBU vessels that will
  • Sovcomflot orders LNG fueled Aframax trio at Russian yard
    Russian shipping company Sovcomflot has placed an order at Zvezda Shipbuilding Complex for the construction of three new-generation MR product carriers using LNG as their main fuel. The vessels will be chartered
  • U.K. rules out tanker swap with Iran
    Britain's new Foreign Secretary, Dominic Raab, has ruled out any exchange of the detained U.K flagged tanker Stena Impero for the Iranian owned Grace I. The idea of such a swap was

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Lloyd's Listweb site
JULY 29, 2019
  • War risk market drops higher pricing for UK-flag tankers
    'We would advise all our operators to contact their lead underwriter or broker as a matter of urgency,' says Red...
  • Borr Drilling launches US IPO
    Borr hopes to raise up to $50m from the flotation of 5m common shares
  • Iran-China crude flows rise as ships circumvent US sanctions
    Iranian vessels continue to turn off automatic identification system, channel oil trades multiple ship-to-ship transfers and register vessels in opaque...
  • The future fuels debate comes to the heart of America's fossil fuel state
    Texas has built its economy on the exploitation of crude oil and natural gas. It is doing well and is...
  • One Hundred Ports 2019: Trade and fuel dominate carrier concerns
    Box carriers seek certainty on tariffs and fuel pricing in uncertain times
  • Evergreen putting scrubbers on 139 ships
    Taiwanese carrier has also released a statement regarding its take on shipping environmental rules, in which it implicitly defended the...
  • 53 Nanjing (China)
    As China aims to boost riverborne transportation, the port must fight to find its place as rivals up and down...
  • 55 Incheon (South Korea)
    Encouraging results were seen at the port during a time of trade tension, with new routes showing diversification
  • 54 Ambarli (Turkey)
    Growth has continued but slowed down for Turkey's premier container port
  • 49 Fuzhou (China)
    Volume at the port has been bolstered by steady traffic on intra-Asia routes to Taiwan and South Korea
  • 48 Barcelona (Spain)
    The Catalan port managed to break the 3m teu barrier for the first time
  • 52 Marsaxlokk (Malta)
    Unprecedented traffic levels were recorded yet again at the Malta Freeport Corporation-run port
  • 51 Salalah (Oman)
    Devastation wreaked by cyclone Mekunu was the main reason for the large fall in throughput at the Omani port
  • China dominates Lloyd's List One Hundred Ports' rankings
    There was the usual spread of winners and losers in 2018, as ports continued to prosper at others' expense, whether...
  • 50 Vancouver (Canada)
    Canadian west coast container ports will reach capacity by as early as the mid-2020s and will therefore be unable to...
  • Ports face hundredfold jump in customs declarations under WTO Brexit, CBI warns
    Some British ports could see a hundredfold increase in customs declarations in the event of a no-deal Brexit, the Confederation...
  • 02 Singapore (Singapore)
    The port city-nation, which held on to its role as the transhipment hub for the region, could benefit from the...
  • 06 Busan (South Korea)
    South Korea's number one port has clearly moved on from the collapse of Hanjin to pursue its next phase of...
  • 04 Shenzhen (China)
    While volume growth at the port slowed in line with the Chinese economy, performance in the year ahead will also...
  • 09 Tianjin (China)
    Automation efforts are making good progress, while the merger of two terminals is set to help operational efficiency
  • 03 Ningbo-Zhoushan (China)
    The port complex has started to see a decline in container exports to the US this year, but the volume...
  • 08 Qingdao (China)
    The port city in China's Shandong province benefited from the first full year of Qianwan automated container terminal
  • 05 Guangzhou (China)
    China's major port on the west side of the Pearl River Estuary leapfrogged both Hong Kong and Busan in terms...
  • 10 Dubai (United Arab Emirates)
    Increased competition in the Middle East market has forced the port to diversify; new initiatives will be vital for it...
  • 07 Hong Kong (China)
    Intense competition has taken its toll on the port, although it is fighting back by banding its terminal operators to...
  • 01 Shanghai (China)
    US-China trade conflict remains a big challenge, but there are positive signs on the domestic policy front
  • Low-sulphur regulations will not lead to front-loading
    Higher bunker costs from low-sulphur fuels are unlikely to drive another round of front-loading this year
  • 12 Port Klang (Malaysia)
    Despite losing business to Malacca Strait rival Singapore, the port that acts as the main access point for Malaysian capital...
  • 13 Antwerp (Belgium)
    A record year was witnessed by the port during 2018, with growth in imports and exports
  • 15 Kaohsiung (Taiwan)
    Frontloading effects of the Sino-US trade war benefited the port, reversing a slide in growth
  • Saeedi replaced as managing director of IRISL
    Sanctions-hit Iranian shipping company reconfigures its senior management. Move comes in the wake of the company abandoning its newbuild programme
  • 16 Dalian (China)
    Throughput rose by well below the 2% growth target set by port authorities
  • 18 Tanjung Pelepas (Malaysia)
    Investment in handling equipment, berth upgrading and channel dredging has helped achieve growing confidence among customers
  • 17 Los Angeles (US)
    The US west coast port saw another record-breaking year, moving more cargo in 2018 than at any time in its...
  • 14 Xiamen (China)
    The port aims to boost its throughput to 20m teu by 2035, despite China's slowing economy and weakened foreign trade...
  • 11 Rotterdam (The Netherlands)
    Europe's biggest port achieved a new all-time high in throughput figures last year, mainly due to a growth in transhipment...
  • 19 Hamburg (Germany)
    Europe's third-largest container port 'successfully asserted itself in a difficult environment'
  • 20 Long Beach (US)
    Key projects include $1bn in rail improvements to boost the US west coast port's on-dock rail cargo capacity by 35%
  • 21 Laem Chabang (Thailand)
    Slowing of growth at the port proved a handbrake on container throughput expansion
  • 22 Tanjung Priok (Indonesia)
    Long-awaited port development has failed to solve the issues of costly delays and a lack of container capacity as Indonesia's...
  • 23 New York and New Jersey (US)
    A strong economy, densely populated market, larger vessel calls and a rush to beat new tariff increases get credit for...
  • 24 Colombo (Sri Lanka)
    Having increased its volumes rapidly, the port celebrated a record-breaking throughput level
  • 25 Ho Chi Minh City (Vietnam)
    Vietnam's biggest port carried on, with its expansion matching the country's pace of growth
  • 26 Yingkou (China)
    While debt problems - mainly due to infrastructure investment - have been an issue for the northeast China port, volumes are on the...
  • 27 Bremen/Bremerhaven (Germany)
    Container throughput at the twin ports remained relatively unchanged
  • 28 Jawaharlal Nehru (India)
    Despite an investigation into alleged anti-competitive practices hampering its newest terminal, the port has continued to grow
  • 29 Valencia (Spain)
    The Mediterranean's premier box port continued to benefit from having terminals linked to three of the most influential carriers
  • 34 Lianyungang (China)
    The port maintained low levels of growth in 2018 but has performed better in 2019 so far
  • 30 Manila (Philippines)
    Strong economic growth and the shift of manufacturing plants from northern China to Southeast Asia has boosted throughput
  • 31 Taicang (China)
    By capitalising on its position as a key crossroads between domestic and foreign trade in the region, growth momentum has continued
  • 32 Piraeus (Greece)
    Significant growth has been recorded at the port, with traffic increasing by almost 50% in three years
  • 33 Algeciras (Spain)
    Having bounced back from industrial action in 2017, the western Mediterranean port seems set for a decent growth rate
  • 35 Tokyo (Japan)
    Japan's largest container port has continued to invest in new infrastructure, although throughput growth is slowing
  • 60 Yantai (China)
    The port has been striving to find its position in the region's consolidated group, where Qingdao stands as the largest...
  • 61 Tangshan (China)
    Much of the focus is on the port's $270m fully automated terminal project that is being constructed
  • 65 Cartagena (Colombia)
    Growth in transhipment and domestic traffic, along with capacity expansions, has elevated the port
  • 47 Tanger Med (Morocco)
    A container flow control system and integrated blockchain platform have been set up to improve efficiency at the port
  • 69 Houston (US)
    The US Gulf port's high growth rate has been conveniently balanced between imports and exports
  • 62 Durban (South Africa)
    Figures show the port has been operating close to full capacity
  • 56 Manzanillo (Mexico)
    Further expansion is on the cards at Mexico's biggest container port, which is also the third-largest in Latin America
  • 64 Chittagong (Bangladesh)
    Another healthy year of volume growth helped the port reach record throughput last year and put it on course to...
  • 57 Port Said (Egypt)
    As volumes rebound, the port is aiming to return to its former glory as one of the most competitive in...
  • 70 London (UK)
    Unitised trade volumes at the PLA's ports grew by 3.5m tonnes to top 20m tonnes for the first time
  • 67 Le Havre (France)
    A net increase in full containers of 3% set a new record for trade flows to the port's hinterland
  • 68 Virginia (US)
    The US east coast port hailed its fourth consecutive year of record-setting volumes in 2018 and major expansion projects suggest...
  • 63 Kobe (Japan)
    Typhoon Jebi severely impacted throughput at the port, which grew by a fraction of results seen in previous years
  • 66 Nagoya (Japan)
    While expansion at the port slowed, it emerged relatively unscathed from typhoon Jebi
  • 71 Genoa (Italy)
    The collapse of the Morandi Bridge in August and a violent storm in October badly affected the Italian ports group
  • 72 Sydney (Australia)
    While volumes handled increased during 2018, the number of ship calls declined as larger vessels visited the port
  • 73 Oakland (US)
    Plans to turn a marine terminal into a new Major League baseball park will not dampen the port's commitment to...
  • 74 Balboa (Panama)
    Despite the downturn in 2018, Fitch Solutions forecast growth for the port over the coming four years
  • 75 Osaka (Japan)
    Despite being hit by typhoon Jebi, which reportedly wrecked 2,500 containers at its terminals, the port has continued to grow
  • 76 Yeosu Gwangyang (South Korea)
    The jointly administered South Korean ports expanded for the first time since 2014, with growth seen in imports, exports and...
  • 77 Quanzhou (China)
    While trying to find a niche in Southeast Asian trades, the port is still dependent on domestic feeder services
  • 78 Callao (Peru)
    Peru's leading container port, which mainly deals in transpacific trade, saw throughput rise
  • 79 Gioia Tauro (Italy)
    The port has struggled with the departure of Maersk in 2017 and labour issues at the site
  • 80 Charleston (US)
    Infrastructure investments paid off for the South Carolina Port Authority as larger vessels boosted throughput
  • 81 Zhuhai (China)
    The pace of growth at the port has largely slowed, partially due to delays in the construction of new berths
  • 82 King Abdullah (Saudi Arabia)
    From the Saudi desert, the port posted the highest throughput growth in percentage terms in the top 100
  • 83 Karachi (Pakistan)
    The port's deepwater container terminal, operated by Hutchison, was officially opened in May
  • 84 St Petersburg (Russia)
    Terminals at the port handled three-quarters of the total Russian container-handling throughput
  • 85 Guayaquil (Ecuador)
    The port responsible for 70% of Ecuador's containerised trade enjoyed double-digit growth to reach more than 2m teu for the...
  • 46 Dongguan (China)
    Having enjoyed successful growth in 2017, throughput at the Pearl River Delta port went into decline as it was hit...
  • 86 Bandar Abbas (Iran)
    Despite being badly hit by US sanctions, work to increase container capacity at the port continued
  • 45 Cai Mep (Vietnam)
    With the growth of the Vietnamese economy as the country establishes itself as a 'China plus one' destination, the deepsea...
  • 87 Khorfakkan (United Arab Emirates)
    Having been badly hit by carrier consolidation in 2017, the port saw further losses but hopes new initiatives will bring...
  • 44 Seaport Alliance (US)
    The US port alliance saw annual container volume at Seattle's Terminal 18 hit 1m teu, a record-breaking figure for Washington...
  • 88 Southampton (UK)
    Congestion problems affected productivity at the UK's second-largest gateway
  • 43 Tanjung Perak (Indonesia)
    The East Java port continued to expand at an impressive rate and further growth is likely
  • 89 Gdansk (Poland)
    Another year of exponential volume growth was seen at the port, where a consortium led by PSA International acquired its...
  • 90 Haikou (China)
    Transformation into a pilot free trade zone and an increase in intra-Asia trade have benefited the port
  • 91 Kingston (Jamaica)
    The increasing size of ships transiting the Panama Canal has helped the port attract larger cargoes
  • 92 Buenos Aires (Argentina)
    Economic reforms geared towards easing the flow of international trade have boosted the port
  • 42 Felixstowe (UK)
    The UK's largest container terminal has been fighting back after a botched installation of a new terminal operating system badly...
  • 93 Sines (Portugal)
    Plans are in place to significantly expand the port, which has become a major pull for carriers requiring regional transhipment
  • 58 Yokohama (Japan)
    A new operating company has helped the port turn a corner, with container volumes seeing further growth
  • 41 Rizhao (China)
    Increased domestic trade as well as a rise in international calls helped to boost throughput
  • 94 Taichung (Taiwan)
    The pace of container throughput growth seems to be slowing at the port
  • 40 Jeddah (Saudi Arabia)
    Consolidation of container facilities in the northern part of the port could help negate volumes being lost to rival King...
  • 95 Abu Dhabi (United Arab Emirates)
    Staking its claim as a major player in the Middle East market, the port has seen a staggering rate of...
  • 39 Santos (Brazil)
    Despite disruptions caused by dramatically reduced union employment and plans to privatise, the port continued setting throughput records
  • 96 Jiaxing (China)
    The feeder port is optimistic about further growth, targeting 5m teu in container throughput for 2030
  • 38 Colón (Panama)
    As the second-largest user of the Panama Canal, China has been the main supplier to the port's FTZ
  • 37 Savannah (US)
    The US east coast's second-busiest container port has seen a rapid rise in throughput, doubling from a decade earlier
  • 97 Mersin (Turkey)
    The port in the southeast of Turkey enjoyed new calls and bought more equipment as it planned expansion
  • 59 Melbourne (Australia)
    Healthy growth is expected to continue following refurbishment at the port
  • 98 Montreal (Canada)
    A rapid increase in traffic from Asian markets and a new trade agreement with the European Union proved a boon...
  • 36 Mundra (India)
    The largest private sector port in India appears to have had a successful year, if media reports are confirmed
  • 99 San Antonio (Chile)
    A resurgent economy has helped Chile's largest container port see an impressive increase in throughput and numerous new carrier calls
  • 100 Taipei (Taiwan)
    Investment in automated cargo handling is seen as the way to improve productivity at the Taiwanese port
  • Zhoushan needs more than price clout to beat Singapore
    It's a win-lose situation among ports in Asia with one bunker expert remarking that even having the top two bunker...
  • Daily Briefing
    Doubts over legality of tanker seizure | Looking east from the Middle East | Stena Bulk in talks for release...
  • Trade war hits Singamas box-making business
    Pacific International Lines subsidiary has agreed to sell the dry-box-making business to state giant Cosco Shipping
  • Indonesian shipyard accident kills four
    The shipyard accident is the second involving gas poisoning in just over two months, following another in China at the...
  • China's Hengtong and CIMC Raffles mull partnership on LNG ships
    Chinese LNG trader and distributor is planning to sign a co-operation framework agreement with the Chinese offshore builder about the...
  • South Korea may join proposed US 'Sentinel' force to police the Middle East Gulf
    The US Energy Information Administration reports that South Korea is highly dependent on the Middle East for its oil supply, with...

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The Journal of Commerceweb site
JULY 29, 2019
  • Shore power set back by insufficient legislation, high electricity costs
  • GCT New York rides container volume rebound
  • Mammoet-ALE merger leaves Sarens in the lurch
  • Weak economic indicators cloud air cargo outlook
  • Project logistics tackles ambitious contract modeling initiative
  • Container shipping amps finance aid to tariff-hit shippers
  • Large US truckload carriers surgically trim capacity

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TradeWindsweb site
JULY 29, 2019
  • Family of Texas cop sues Maersk in wrongful death case
    The family of a deceased Texas police chief is blaming Maersk's US-flag subsidiary for his death. A lawsuit filed in Galveston federal court last week says 50-year-old Christopher Reed and his wife, Jana, were traversing the Houston Ship Channel aboard their fishing vessel 7 June when he was thrown from the ship by the 61,986-dwt Maersk Idaho's (built 2000) wake and drowned. Fire-ravaged Maersk
  • Berenberg shipping analyst switches sectors
    German bank drops coverage on 10 maritime names after researcher takes up new duties.
  • Kastrup out as APL CEO, Courquin in
    There's been a shake-up in APL's c-suite in the midst of parent CMA CGM's turnaround efforts. After just 8 months on the job, APL chief executive Lars Kastrup is out and current CMA CGM Middle East senior vice president Stephane Courquin is set to take his place, effective 15 August. CMA CGM shrugs off $43m quarterly loss Hapag-Lloyd latest to add war risk surcharge to Gulf boxes Courquin will
  • Report: Gearbox overhaul caused Aurora Explorer accident
    Arctic Explorer-owned passenger catamaran allided with Norwegian quay in July 2018, resulting in numerous passenger injuries.
  • Gas and tankers help drive up first half profit at Milaha
    Improved results from its gas and tanker operation has helped push up first half profit at Qatar Navigation (Milaha). Unibros Shipping swoops on MR tankers amid Greek optimism for product market Milaha sees profit rise despite mixed markets Stronger results from its ports business also aided the bottom line, which grew by 6% year-on-year. It came despite drops in contributions from Milaha's lo
  • Performance Shipping cuts quarterly loss
    Performance Shipping has posted another quarterly loss, having been held back by a reduction in timecharter revenue and vessel impairment charges. Performance Shipping makes tanker play with aframax pair The company, formerly Diana Containerships, reported a net loss of $1.6m for the second quarter, which includes a $300,000 impairment charge on one vessel. This is a step backwards when compar
  • Chinese shipowners top Greeks for capacity purchased in last five years
    Chinese shipowners have bought more secondhand tonnage than their rivals in Greece during the past five years, according to data from Clarksons. Greek shipowners target LNG amid strong outlook and increased spot market activity Over 10% of world fleet will have scrubbers at start of IMO 2020, says Clarksons Clarksons: shipping moves forward but wildcards lurk Hellenic owners are known as the
  • Iranian boat warns UK Navy 'Don't put your life in danger'
    An Iranian patrol boat told a UK frigate "Don't put your life in danger", shortly before Iran's Islamic Revolutionary Guards Corps (IRGC) boarded the tanker Stena Impero on 19 July. Stena Bulk: Company access to Stena Impero 'imperative' This is according to new audio released by the IRGC, which appears to be an extended cut of a clip released last week. In the audio, the IRGC navy representati
  • China Merchants Group boasts first-half profitability in rare financial disclosure
    Chinese state conglomerate says group revenue and profit grew in January-June despite macroeconomic uncertainty
  • Maritime lawyers and arbitrators divided over a matter of degree
    Legal qualifications or hands-on experience - which is best for presenting your case, and what will it cost you?
  • Tor Olav Troim's Borr Drilling looks to fetch $50m from New York listing
    Borr Drilling is moving forward with its near $50m New York listing. The Tor Olav Troim-backed jack-up owner announced Monday that its shares have been approved for trading on the New York Stock Exchange. Tor Olav Troim plots New York IPO for Borr Drilling Borr Drilling completes $645m financing deal The five million share offer will be made by prospectus only with shares - to be listed under
  • Middle East Gulf tension having 'fairly muted' impact on tanker markets
    Gibson Shipbrokers explains why rates have remained stable despite global spotlight on region
  • Ship financing is the biggest concern for German shipowners
    Developing alternative sources of capital for investment 'cannot be delayed'
  • OOCL sees top line rise with box volumes
    Orient Overseas Container Line (OOCL) has posted an increase in container volumes and revenue for the second quarter. Freight rates on the transpacific soar as lines axe sailings The Hong Kong-based container line posted revenue of $1.57bn during the three-month period, which is a year-on-year increase of 7.1%. OOCL said loadable capacity grew by 6.4%, but the overall load factor was 1.4% lowe
  • Imabari Shipbuilding president calls for cooperation on design
    Action needed to counter South Korean consolidation says Imabari boss
  • AP Moller-Maersk share buyback pushes past $200m mark
    AP Moller-Maersk has taken its share buyback efforts past $200m and is now halfway to its target set for the start of November. Maersk sprang the buyback this spring alongside a fresh dividend policy following the divestment of its energy businesses. AP Moller-Maersk scoops shares worth $105m in first stage of buyback Maersk starts $1.5bn buyback programme The world's largest shipowner began i
  • Strait of Hormuz redesignation could hike crew wages
    The UK's Warlike Operations Area Committee will today decide if Hormuz will be redesignated as a high-risk area.
  • Greek ferry rivals fit scrubbers to meet IMO 2020 fuel rules
    Attica Group follows rival Minoan Lines and raises €26m to install exhaust gas cleaning systems
  • Torm tipped to sell veteran tanker in latest fleet renewal step
    Danish product tanker owner Torm has extended fleet renewal efforts with the sale of a veteran vessel at a time it is taking delivery of a number of newbuildings and second-hand purchases. Danish shipowner Torm doubles scrubber investment to span half of its tanker fleet Four MRs in, one out at Torm Copenhagen-listed Torm has sold the 47,000-dwt Torm San Jacinto (built 2002), multiple shipow
  • Sovcomflot orders three more LNG-fuelled product tankers
    The shipowner aims to make Russian shipping greener and more competitive.
  • Beazley and Lancashire results point to improving hull market
    Two leading marine insurers saw increased premiums in hull and machinery cover in the first half of the year
  • Tufton Oceanic Assets trumpets 'sanguine' outlook for shipping
    Tufton Oceanic Assets trumpeted a confident outlook for the shipping and investment climate as it rang in a profitable first half performance. Tufton Oceanic Assets IPO rewrites shipping rule book Initial $91m opens door for liquidity and diversity, says Paulo Almeida Tufton Oceanic executives lay out plans for investment opportunities The shipowner made a $23.6m move for a container vesse
  • IRISL gets new managing director after Saeidi resigns
    Steel industry veteran steps in to lead Iran's national shipping company through troubled waters
  • John Fredriksen's Flex LNG closes refinancing for trio of vessels
    John Fredriksen's Flex LNG has closed the refinancing of three vessels, including a pair on a sale-and-leaseback deal with Hyundai Glovis. Flex LNG to become first Fredriksen firm with in-house management John Fredriksen's Flex LNG strikes $420m sale-and-leaseback deal for two ships Oslo and US listed Flex first announced plans for the $420m leaseback for the 173,000-cbm Flex Endeavour and Flex
  • Norway's Solvang aims to put scrubbers on most LPG carriers
    Pioneering adopter of exhaust cleaning systems plans to have technology installed on 15 ships by 2020
  • Oak Hill Advisors shipping role is strategic, not opportunistic
    Alternative lender unveils multi-strategy approach for investing in shipping for the long term
  • Clown suit prompts drunken brawl on P&O's Britannia
    Afternoon of 'patriotic' partying on deck, with large amounts of alcohol, ends in multiple arrests
  • Hyundai Heavy Industries Group yards to wait for higher prices
    South Korean shipbuilding giant is confident fresh orders will emerge in the latter half of the year
  • Total beats off competitors to seal Benin LNG FSRU prize
    French oil major on course to provide sub-Sahara Africa's first floating regasification unit
  • Second Royal Navy ship arrives in Gulf to escort UK shipping
    Iran president says presence of foreign forces in the region are a source of tension

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American Shipperweb site
JULY 29, 2019
  • House Democrat working group sends USMCA report to Pelosi
    The working group laid out specific proposals in the areas of labor, the environment, enforcement and pharmaceuticals.
  • Oakland OKs container dray-off yard lease
    Shippers Transport Express' lease on the 32-acre port location will extend through 2032.
  • MarAd found vulnerable to cyber hackers
    "Malacious attackers" could have obtained records and stolen the identities from 13 executives and stuff who recently joined the U.S. Maritime Administration.
  • Trucking queues down at largest US port
    Southern California ports say truckers are not availing themselves of all appointments.
  • CBP to block Peruvian firm's timber exports
  • Daggett reelected ILA president
  • uShip CEO steps down, CTO steps up
  • Five companies get more time with PdVSA

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The Bunker Bulletinweb site
JULY 29, 2019
  • External: Global Risk Management
  • UK will not swap arrested tankers with Iran
  • Singapore's JPTT advances oil storage infrastructure ahead of IMO 2020
    "We are considering the possibility of offering direct bunkering," Ooi said.
  • Asia middle distillates strong, but higher Chinese exports could erode margins
    "It's getting lower due to the closed US West Coast arb...if anyone still has unsold cargoes, it will be difficult," a trader in Singapore said.
  • FUTURES: Oil slips as demand woes take centre stage; US-China talks
    Investors stay anxious over the upcoming US-China trade talks in Shanghai this week.




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