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11 July 2020 The on-line newspaper devoted to the world of transports 07:52 GMT+2

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Sched Netweb site
JULY 21, 2016
  • Hapag-Lloyd warns on falling profit in 2016 with UASC merger deal
  • AADA bunker surcharge rises to US$200/TEU, $400/FEU on August 20
  • OOCL levies US$850 per TEU on westbound Asia-Europe from August 1
  • MOL ups rate for cargo from Asia to South America East Coast from August 3
  • Shippers contracts valid until March 2017: merged Cosco CSCL
  • Record ship scrapping in 2016, but oversupply will persist: Drewry
  • Virginia Port throughput sees modest gain of 2.5pc in FY 2016
  • Kuehne + Nagel H1 y-o-y profit rises 9pc to US$362 million
  • DB Schenker signs deal with uShip to use online freight platform
  • Prosecutors hail triumph of rule of law in successful pirate conviction
  • HKIA cargo volume in June increases by 5.3pc YoY
  • IATA and FIATA complete reforms to the IATA Cargo Agency Programme
  • EGYPTAIR spends US$864 million for nine Next-Generation 737-800s

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Exim Indiaweb site
JULY 20, 2016
  • CMA CGM announces close of voluntary general offer for NOL
  • Coastal shipping share in modal cargo mix to be increased to 10 pc by 2020
  • Skyways Group launches new logo
  • Chennai Port gearing up to face competition
  • Fitch affirms APSEZ at 'BBB-' i.e. Outlook Stable
  • Parliamentary Committee meets KPT management
  • Concept Note: Logistics Efficiency Enhancement Program (LEEP)-Development of Multimodal Logistics Parks
  • FIATA & IATA announce new air cargo program
  • Brexit seen as just a regional shock
  • Essar Projects bags INR 300-cr. IFFCO contract

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IHS Maritimeweb site
JULY 20, 2016
  • Bulker fixtures gain traction in US Gulf
  • Back-up land is still urgent, terminals remind slow moving HK government
  • STX O&S worth more as going concern, says auditor
  • Hubline raises USD50.2 million for dry bulk expansion and loan repayments
  • Navig8 seals USD66 million financing for LR1 pair
  • Trading places and changing names at new China Cosco Shipping
  • US plays rising role in global LNG shipping flows

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The Loadstarweb site
JULY 20, 2016
  • Panalpina forced to step back from oil and gas, putting jobs on the line
  • Analysis: Maersk 'would be crazy' to sell Damco, 'its beating heart'
  • Scrapping not enough to halt rates slide - 'stop ordering so many new ships'
  • Horizon shipmaster, sacked after whistleblowing, wins $1m damages
  • United and Delta show falling cargo revenues
  • The National Retail Federation and ocean supply chains

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Marine Logweb site
JULY 20, 2016
  • CBP steps up Jones Act enforcement in coastal trades
  • Whistleblower captain fired by Horizon awarded $1 million
  • Foxx names 29 new members of key advisory panel
  • NASSCO-Norfolk gets $42.1 million Navy contract mod
  • Jan De Nul orders three dredges at Keppel
  • GE Power Conversion gets new President and CEO
  • Austal-built LCS 6 completes shock trials
  • HII makes large surface combatant program appointment

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World Wide Shipperweb site
JULY 20, 2016
  • Seattle-Tacoma International Airport sees second quarter passenger gains
  • APL expanding port calls in Bosphorus Express service
  • Commercial vessel assists sailor 990 miles off Oregon coast
  • ATA truck tonnage index down during month of June
  • US Customs agents detain man turned away at border crossing

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Lloyd's Listweb site
JULY 20, 2016
  • Modest growth for US ports in 2016, says Fitch
    Economic uncertainties restrict growth outlook due to lower exports and energy investment in the first half of 2016
  • Progress and progression
    As the 2015 Manpower Report reveals an ever-increasing shortage of officers, is shipping preparing itself to meet its own future demand for people?
  • Accepting no limits
    Anglo Eastern's Maritime Academy is intensifying its efforts in producing competent seafarers in India
  • Panamax bulker earnings near $7,000 per day
    Chinese coal demand supports rates, but downwards correction expected
  • India's oil thirst buoys tankers
    Nation plans another 91m barrels of Special Petroleum Reserve capacity to be added by 2020
  • Wärtsilä profit slips as shipbuilding activity remains low
    Cruise and ferry a bright spot in otherwise gloomy marine sector
  • Almi debunks reports of VLCC orders
    'Not a good time' to order big tankers, says Greek owner
  • 2M to become 3M
    Seismic shifts continue as HMM joins the 2M alliance
  • Anglo American ramps up Brazil iron ore production
    South African volumes continue to decline
  • NYK continues to seek solace outside of traditional shipping
    Japanese company starts oil output from FPSO off Brazil, as diversification is the watchword
  • China Railway to take stake in Qinhuangdao Port unit
    Move will help finance port railway project
  • Mixed fortunes for logistics operators
    Kuehne+Nagel sees some growth as Panalpina remains flat
  • Vetting gets owners hot under the collar
    'Why do we have to pay?' asks one disgruntled owner who forks out $1m a year for inspections
  • Asian sea robbery incidents down 64% in first half of 2016
    But incidents relating to the kidnapping of crew on vessels remain a cause for concern
  • HMM could get new chief executive after creditors become largest shareholders
    Korea Development Bank says committee will be formed to recommend an appointment
  • CSCL and China Cosco receive subsidies to renew fleet
    Companies classify their respective subsidies as non-operating income
  • Matson unit acquires Span Alaska for $197.6m in cash
    Earnings-accretive acquisition expands Matson Logistics' freight forwarding platform in the largest US state

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The Journal of Commerceweb site
JULY 20, 2016
  • LA-LB drayage company arises after misclassification suits
  • Major investment to bring much-needed capacity to Virginia port
  • CP latest railroad to report intermodal drop as profit sinks
  • Renewal of tariff exemption law to benefit US importers
  • As dedicated trucking demand grows, Marten Transport benefits
  • Panalpina profit stalls, revenue slumps on lower ocean freight volume
  • Back-up land a priority, terminals urge hesitant HK government
  • Kuehne + Nagel profit up on higher ocean, air freight volumes
  • Online platform connects US manufacturers with Chinese buyers, provides logistics

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TradeWindsweb site
JULY 20, 2016
  • OSG picks SeaChange's Norton for US-flag CEO
    As it prepares to split in two, tanker owner hires from board to lead domestic shipping business.
  • Helix boss details Petrobras rate cut
    Brazilian oil company's reduction of earnings on well-intervention vessel amounts to $5m per year.
  • Hapag-Lloyd leverage rises with UASC combo
    Containership line sees credit outlook downgraded as it faces higher debt in UASC deal.
  • Vard Holdings feels heat of offshore crash
    Vard Brevik staff 'temporarily' laid off, while gates are bolted in Brazil and Rem struggles impact bottom line.
  • Fincantieri's core first-half profit sinks
    Italian shipbuilder delivers result of EUR 7m as revenue moves higher.
  • CSCL banks $36m scrapping subsidy
    Chinese company's 2016 accounts boosted by state scheme to reward ship recycling.
  • Almi linked to VLCCs order at Hyundai
    Sliding prices look to have tempted Costas Fostiropoulos-led owner to resume its newbuilding programme with a deal for a pair of big tankers at the South Korean yard
  • Michael Sallas resigns from Piraeus Bank
    Chairman of Greece's top shipping lender steps down after 25 years.
  • Hoegh Autoliners surges back into profit
    Norwegian car carrier group turns around big loss in 2014 through volume increase last year.
  • Dogus Group moves for Croatian shipyard
    Turkish investor aiming to build presence in shiprepair and shipbuilding sector.
  • Keppel Singmarine wins $73.6m dredger order
    Singaporean shipbuilder turns to non-oil related projects as it clinches deal with Jan De Nul.
  • Abu Sayyaf takes tug crew hostage
    Islamist militant group captures five Malaysians and reportedly asks for $5m ransom.
  • Panama Papers: Nordea blocks 68 accounts
    Nordic lender's probe into work with Mossack Fonseca shows some files need further investigation.
  • Nordea loan losses hit $140m in Q2
    Nordic lender lines up $9.25bn risk transfer to boost its capital ratio.
  • Brokers: New Tinos sale, no chance
    Reports of bumper VLCC sale by Adam Polemis brushed off.
  • Cigarette causes fire on Turkish ro-pax
    Blaze started in hay cargo on Mesudiye at Geliboglu.
  • Hyundai Heavy worker dies in fall
    Man plunges from scaffold at Korean company's Ulsan shipyard.
  • Coup will not block Bosphorus by-pass
    President says plans for new waterway remain in place.
  • Wartsila profit down in Q2 as sales drop
    Finnish ship power company makes less from April to June but manages to increase order intake.
  • Jo deal to jack up Stolt top line by a tenth
    Norne Securities crunches numbers on fleet deal as it launches coverage of the company.
  • Cruise division a bright spot for Bonheur
    Fred Olsen Cruise Lines books higher income but parent remains in the red.
  • Lloyd Fonds more than doubles profit
    Hamburg shipping asset manager expects sharp increase in annual earnings after strong six months.
  • Antwerp port signs MoU with Iran
    Belgian terminal to cooperate with boxship port of Bandar Abbas.
  • Nordea loan losses hit $140m in second quarter
    Nordic lender lines up $9.25bn risk transfer to boost its capital ratio.
  • Navig8 spinoff bags $66m loan to pay SPP
    Oslo OTC-listed shipowner's new cash to pay for two LR1 products tankers on order at SPP.

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American Shipperweb site
JULY 20, 2016
  • NEWS FLASH: Port of Philadelphia gains new CEO
  • U.S. steps up WTO challenge of China export restraints
  • CSX drastically strengthens presence in North Carolina
  • Oakland City Council confirms coal ban
  • Port of Antwerp strengthens ties with Iranian port
  • Ocean Alliance contemplates deployment of 18,000-TEU ships

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The Bunker Bulletinweb site
JULY 20, 2016
  • US DATA: EIA says US fuel oil stocks highest since May
  • Traders likely to fix LR2 tankers for storage by paying demurrage
  • TENDER DATA: Vitol best bidder in Bangladesh HSFO buy tender
  • Bunker prices soften at Russia's Novorossiisk amid high levels of supply
  • HSFO physical Med-North spread surges to 14-week high on tight Med market
  • FUTURES: Crude steady amid US crude stocks draw
  • TENDER DATA: S Korean EWP buys 50,000 mt HSFO for Jul 30-Aug 3
    Award level is equivalent to premium around $6-$7/mt on a CFR basis.
  • Iran to sell crude to China's independent refiners via international trader
    Around 1.17 million b/d of the crude quota has been issued to the independent refinery sector.
  • Caribbean Aframax freight rates sag to eight-year low intraday, quickly rebound
    Seven fixtures reported and five tankers on subjects at close of business.
  • Crude futures inch down ahead of weekly US inventory data
    NYMEX August crude settled 59 cents lower at $44.65/b.
  • Despite talk of exports, USGC HSFO moves to discount to front-month swap
    The discount to the swap indicates a lack of export opportunities.
  • Second NWE to Singapore VLCC put on subjects for Aug HSFO: shipbrokers
    The Marbat VLCC was put on subject by Petroineos loading on August 3.

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