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| JUNE 3, 2016 |
- MOL ups Asia-Mexico/WCSA rate US$750 and $800/TEU from June 15
- CMA CGM makes bid to buy remaining shares in NOL for US$2.4 billion
- Savannah monthly volume shrinks 11pc to 298,041 TEU, exports fall 13pc
- More petrol at the pumps, but French strike spreads to other sectors
- Creeping normalisation: Iran to set up a regular shipping to Japan
- DP World raises US$1.2 billion in sukuk to be listed on the Nasdaq
- Debt-heavy Fesco suffers 38.2pc drop in revenue to US$126 million
- Hong Kong's Kerry Logistics buys 51pc of San Francisco's APEX Maritime
- Groupage container shipping speeds up China trade into Uganda
- Uber-like road haulage start-up ignites transcontinental US trade
- Watching over idled ships of all types in SE Asia is a thriving business sector
- Heavy lift AAL delivers 'mobile' grain shiploader to Vancouver
- Hong Kong's first groundhandler marks 40 years of top rate service
- European Aviation Safety Agency says lithium batteries can fly again
- Fall in air cargo hits Middle East stars where demand halves in April
- US Airforwarders Association urge use of private sniffer dogs for cargo
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| JUNE 2, 2016 |
- CMA CGM creates dedicated page on website to guide trade through new VGM regulation
- Maersk Line improves Asia-North Europe network
- SSA President Esben Poulsson elected as new ICS Chairman
- Chennai Port & Southern Railway sign MoU for transportation of automobiles for export
- List of importers / exporters felicitated for their valuable contribution at kandla port
- Nitin Gadkari felicitates leading performers of Kandla trade
- RFID-enabled container document verification system inaugurated at Chennai Port
- Ganesh Kumar Gupta elected Vice-President of Fieo
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| JUNE 3, 2016 |
- The best from east and west
- Forecasting demand for products
- New rail service and new record from Felixstowe
- Revamped locomotives for Latvia
- Pema recruits first full-time employee
- Aeroflot wings its way to Lyon
- Hamburger Geschirrbude open to third parties
- Freight link to Teheran
- Forging ahead with Fehmarnbelt link
- Menzies signs MoU with Oman Air
- SSI names first ever general manager
- London P&I points to risks in cargo holds
- SSA president elected ICS chairman
- Axing fuel consumption with innovative vehicle
- Connecting eastern Spain to St Petersburg
- Impact of refugee crisis on F&l industry
- THY adding Uzbekistan capacity
- Rickmers takes NPC in tow
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| JUNE 2, 2016 |
- Dredging creates diversity in Iowa
- Increasing demand for lay-up services sees GAC open in Namibia
- DP World in USD442 million Somaliland port agreement
- Executive board for HSH run-off portfolio complete
- When dredging makes an environmental difference - a round table with Scott Baker
- Awilco LNG sells two steam turbine vessels
- Korea Development Bank explains STX O&S receivership
- Singapore's PSA terminals latest to offer box weight service
- Outlook for Indian LPG demand remains positive
- Banks approve South Korea shipbuilders' self-help plans
- China P&I Management sets up Shanghai office
- Chinese yards take orders for eight small box boats
- Myanmar congestion hits critical levels, government considers 24-hour operations
- Esben Poulsson elected ICS chairman
- Struggling China carriers need relief measures, says Shanghai institute
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| JUNE 2, 2016 |
- HMM pulls back from bankruptcy as shipowners relent, but Hanjin still on the brink
- Silk Way calls for rival airline to 'play fair' over its plan for US services and a global network
- Vietnam's ports brace for chaos as they await clarification on how to apply VGM rule
- Argos drivers to strike over Stobart transfer
- Another airline quits Venezuela as IATA urges countries to pay up - while Prince William addresses AGM
- Logistics can benefit as China gets a taste for Australian foods
- Ex-Alibaba executive Ching Guo appointed to key CEVA hi-tech contract logistics role
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| JUNE 2, 2016 |
- Royal Caribbean sells Legend of the Seas
- Evoqua launches compact version of BWMS
- Fish farmer and OSV operator plan JV
- SAFE Boats International makes milestone delivery
- University of Strathclyde wins student ferry design prize
- Esben Poulsson is new Chairman of ICS
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| JUNE 2, 2016 |
- Esben Poulsson elected chairman of International Chamber of Shipping
- Drain inspection brings closure of Chittenden Locks in Ballard
- Change of command set for Coast Guard Cutter MIDGETT
- DHL moving daily cargo service to Sea-Tac International Airport
- Rail association releases cargo stats for week, month
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| JUNE 2, 2016 |
- UASC shareholders delay vote on Hapag-Lloyd deal
Another EGM will be convened once more details of the proposed tie-up are known
- Re-skilling a river
As London's River Thames is busier than it has been for years, it is important to ensure there are skilled people afloat and ashore
- Threat to tankers as Opec urges oil inventory drawdown
High oil inventories around the world need to be drawn down to normal levels, Opec urged on Thursday
- Frontline, Euronav and Diamond S Shipping form suezmax JV
Goal is to create single point of contact for charterers to access 43 suezmaxes
- PSA and Global Ports make ready to weigh boxes
Companies join growing band of terminal operators offering VGM services from July 1
- More capacity cuts on the way
Alphaliner expects carriers to make significant capacity reductions, as they look to reverse the rate rot and return to profit
- ICS picks Esben Poulsson as new chairman
Morooka's successor intends to work with IMO member states to ramp up progress on carbon dioxide emissions
- CIMC Enric pulls out of SinoPacific Offshore acquisition and loan deals
Conditions required for both transactions to go through were not fulfilled
- Diana Containerships to carry out reverse stock split
Shares to trade on split-adjusted basis at start of trading on or around June 9, 2016
- Cosco Singapore wins order from CMA CGM for four containerships
Vessels expected to be delivered between March 31, 2018 and August 31, 2018
- USCG faces lawsuit over Great Lakes pilotage rates
US Great Lakes ports, vessel-operating companies and maritime trade associations concerned over rates increase
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| JUNE 2, 2016 |
- LA, Long Beach, Oakland terminals open door to potentially weighing containers
- UPS warns shippers of SOLAS delays come July 1
- Kuehne + Nagel details VGM submission costs to meet SOLAS rule
- LTL truck freight volumes nearly stall at ODFL
- UASC shareholders signal support for merger with Hapag-Lloyd
- US West Coast imports slip ahead of peak season
- ALE wins four-year contract for UK offshore wind projects
- Three North American port terminals make most-improved list
- Groundwork laid for DP World to invest in Somaliland's Berbera port
- Brazilian beef export surge could lose spark
- Schneider zeroes in on last-mile business via acquisitions
- Congestion cripples Myanmar's Yangon port
- PSA to offer SOLAS container weighing services at all terminals
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| JUNE 2, 2016 |
- BMW suit blames Ford SUV for Courage fire
New York lawsuit by BMW targets rival automaker and American Roll-On, Roll-Off Carrier.
- US LNG project gets nod from feds
Regulators sign off on the ninth liquefaction project slated for the US.
- UBS: Charter pool easier than merger
Investment bank sees benefits to earnings in newly announced suezmax pool.
- Arrow forges alliance with Seaport Global
US investment bank and London-headquartered shipbroker strike cooperation deal to offer services to each other's clients.
- Tanker giants unveil suezmax charter pool
Trio forms pool in effort to reduce opex, and provide more options to charterers.
- VLCC rates rise 26% as availability slims
Spot rates for suezmaxes also rise by more than 24% this week.
- UK Register rises but ownership falls
UK Chamber of Shipping has mixed feelings following disclosure of national fleet stats.
- Lithuanian Shipping to be liquidated
Rump of bankrupt bulker owner to be wound up after it failed to sell all its ships following dry cargo slump.
- Corvette damaged in tanker clash
Naval vessel holed by National Shipping's Saturn in Argentina.
- Nigeria eyes new shipping line
Transport minister considering launching national operator and deep-sea port.
- Indonesian ferry gets stuck on sandbar
Passengers remained on Pelni's Kelud in Singapore Strait.
- ABG posts $254m loss in Q4
Indian shipbuilder's problems mount as revenue dwindles further.
- Poulsson elected as new chairman of ICS
Shipping veteran pledges to place CO2 emissions and ballast water convention at the top of agenda.
- SGX Baltic deal is 'funeral' for broking
Retired futures broker pulls no punches in denouncing UK exchange's sale to Singapore.
- Otto Marine targeted by mystery buyer
Singaporean offshore vessel owner to receive offer for its shares "as soon as possible".
- Daiichi to issue $23m of new shares
Restructuring Japanese firm selling stock to 17 owners and shipyards taking control of the company.
- Maersk clinches Rusal aluminium deal
Danish container line to carry up to 10,000 boxes per year for Russian producer.
- Four tankers stuck off Venezuela in BP pay row
Ships cannot discharge until PDVSA settles bills with UK oil major.
- RCCL sells ship to Thomson Cruises
New York-listed company offloads 1995-built vessel to serve its Double-Double growth project.
- KSS books chemical tanker trio
Korean owner the latest to add to orderbook at domestic Dae Sun yard.
- Hyundai Mipo brokerage unit to be sold
South Korean shipbuilding group keeps offloading assets in effort to improve its finances.
- Tanker and bunker group Monjasa pushes up profit
Danish owner says 2015 performance was "robust" as volumes rose.
- Yara sells out $500m bond
LPG carrier owner boosts finances with third US debt sale.
- Fredriksen firms team up on aquaculture
Deep Sea Supply and Marine Harvest joint venture to build, own and operate industry vessels.
- Hapag-Lloyd turns Syrian refugee into trainee
Shipowner looks to do more than just rescue those who had fled warzones for a better life.
- Vopak renews EUR 1bn revolving credit facility
Dutch terminals group says facility continues to provide flexibility to carry out its business ambitions.
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| JUNE 2, 2016 |
- PSA, CMA CGM outline preparations for VGM
- Trade professionals join FedEx, NCBFAA
- Creditors approve Hyundai Heavy restructuring
- Human rights violation triggers CBP action against Chinese company
- IATA: Airfreight volumes tick up in April
- Schneider acquires two 'final mile' trucking companies
- Imperial Holdings purchases European delivery business
- DHL Express opens new Tokyo facility
- TOTE settles with three more El Faro victims' families
- Stifel: FedEx-TNT integration may be 'easier planned than executed'
- Kerry Logistics acquires U.S.-based NVOCC
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| JUNE 2, 2016 |
- Mumbai tight on 380 CST bunker fuel: sources
- TRADER NOTE: OceanConnect Marine hires marine lubricants trader
- Singapore Jun ex-wharf 500 CST bunker fuel term inked at discounts of around $7/mt
Down $2/mt from May term contracts.
- Chemoil to start supply of bunker fuel in Australia's Brisbane
It intends to target cruise lines along the east coast.
- Bunker fuel, MGO prices rise on vessel congestion at the Houston Ship Channel
High water level in Houston Ship Channel affected loading of bunker fuel.
- Ecuador's IFO 380 CST prices hit highest level since December
Oil refiner Petroecuador increased its fuel oil June posted price to $234.35/mt, up from $139.75/mt in May.
- French refineries, some ports still disrupted; strike spreads
Tugboat operators to strike Thursday
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- Piazza Matteotti 1/3 - 16123 Genoa - ITALY
