|OCTOBER 3, 2017|
- Asia-Europe rate falls 2.7pc to US$714/TEU, off 4.7pc to USWC
- Spike in temperature-controlled freight rates with reefer container scarcity
- Container shipping recovery may be held back by looming large capacity injection
- Warning of thousands of polluting factories face closures in China
- Panama Canal sets another record with transit of 2,000th Neopanamax box ship
- Container volume surges 18.5 pc to record 99,500 TEU at Port Miami
- APL wins major accolade at Lloyd's List Global Awards
- JNPT cautious about government's plan to cut gate-in hours for exports
- Yusen to open a data-driven, semi-autonomous warehouse in Singapore
- Panalpina to buy Dutch handling agent specialised in perishables
- IAG to bid for part of insolvent Air Berlin
- Cargo iQ launches new intelligence hub to provide real-time information
|OCTOBER 2, 2017|
- APM Terminals announces new labour pool to better serve customers
- Bahri & Bolloré Group celebrate launch of BahriBolloré Logistics in Riyadh
- DP World acquiring Dubai Maritime City & Drydocks World
- Dubai among world's Top 5 leading maritime clusters in competitiveness & attractiveness
- Fifth successive year of decline in shipping industry operating costs
- Hapag-Lloyd takes delivery of 15,000-TEU vessel
- LCL Dangerous Goods & Responsibilities
- MOL holds naming ceremony for world's largest FSRU
- New warning on hazards of carrying bauxite by ship
- Panalpina to acquire Dutch handling agent specialised in perishables
- Shreyas Shipping & Logistics to acquire three vessels
- Yangshan deep water port to attain automation high, commence new berths
- Improving terminal productivity, costs & flexibility with a win-win labour strategy
- Superannuation age of doctors working in Major Port Trust hospitals enhanced to 65 years
- Alibaba to invest $15.2 bn over five years to further strengthen its global logistics network
- Interport Global Logistics commences operations at new 3rd Party Logistics warehouse in New Jersey
- Miami International Airport named world's best freighter hub
- Clarification on payment of service tax in transitional period
- Exporters seek a fillip
|OCTOBER 3, 2017|
- Lithuanian Railways fined for hindering competition
- New software to boost railway efficiency
- Panalpina expands perishables network into Germany
- August: double digit air cargo growth again
- Austria's first LNG fuelling station opens in Ennshafen
- Seven new members for MAC
- Rastatt: let's learn the lessons
- Boettger Group scoops up Laabs
- Per Christian Mørk takes on COO post at UECC
- Hapag-Lloyd launches planned capital increase
- Handover of 50th A400M
- First fully autonomous rail trip in Western Australia
- Maritime operating costs sinking further says Moore
- Qatar Airways celebrates 20th anniversary
- New CRM product for freight and shipping industries
- Integrator picks new MD for Indian subcontinent
|OCTOBER 2, 2017|
- Costly regulations may await shipping after El Faro
- New anti-fouling product threatens to disrupt coatings industry
- Libya's Benghazi port re-opens for business
- Digital chartering platform launched with thousands of cargoes
- Marine insurer warns of dangers for any port in a storm
- D'Amico predicts tanker recovery next year and outlines growth strategy
- Prioritise performance before automating, says Ardmore COO
- Interocean books two Kamsarmaxes at Yangzijiang
- Navios deal to buy into FSL Trust lapses without agreement
- Surge in tanker demolitions in 2017
|OCTOBER 2, 2017|
- Rastatt rail freight corridor reopens, but closure backlash still creating ripples
- StreetScooter ramps-up production as demand grows for e-vehicles
- China crackdown on quality of waste imports a blow to recycling sector
- Analysis: CEVA may be flirting with M&A funded by a cash call
- Etihad hires ex-Heathrow boss Tony Douglas to lead 'salvage' effort
- Air freight in August sees double-digit growth continue
- Global Logistic Properties moves into European logistics with Gazeley acquisition
|OCTOBER 2, 2017|
- Austal wins Cape-class sustainent contract
- J-ENG wins first 6UEC45LSE-C1 order
- Envirocleanse inTank BWTS to be installed in capesize bulker
- Evironmentalists says study shows IMO EEDI goals are too easy
- VIDEO: DONG Energy changes its name to Ørsted
- WinGD moves ahead on digitalization
- USCG publishes report on El Faro sinking
|OCTOBER 2, 2017|
- Indian state refiners step up US crude buy
Emerging longhaul trade adds to tanker tonne mile demand
- Handysize bulker earnings hold firm but Golden Week lull expected
Average earnings still near three-and-a-half-year high
- Euroseas reveals merger talks with Poseidon
A US-listed fleet of more than 30 containerships could result if two Greek owners tie the knot
- Last word: Man of many passions
Football fan shipowner Evangelos Marinakis helps to launch a global drive for wider participation in sport
- US crude exports and tanker fixtures hit new record in September
VLCCs sustain uptrend on higher vessel demand across regions
- Daily Briefing
Lack of support from domestic owners overshadows Korean builders' prospects
- Vessels are outpacing EEDI targets, study warns
71% of containerships are ahead of 2025 targets
- CSAV raising $280m via share issue to up Hapag-Lloyd stake
Company aims to raise stake in Hapag-Lloyd to at least 25%
- Rising Mozambique coal exports open new trades for bulkers
Tonne-mile boost for capes from logistics developments in one of the world's poorest nations
- Shipowners join managers in eyeing Cyprus cluster
Island is becoming a more rounded hub
- Mega-merger reminder of Cyprus' shipmanagement appeal
Columbia Marlow unites two of the largest and oldest companies in island's shipmanagement community
- Declining vessel supply growth key to dry bulk market uptrend, says MSI
Net fleet growth is forecast at 15m dwt in 2017
- El Faro's master mostly to blame for ship's demise, says US Coast Guard
Vessel's owner criticised for failure to provide adequate support to the crew
- Navios plan to buy FSL Trust stake falls through
FSL Trust to continue with refinancing efforts in spite of scuppered deal with Navios
- DP World mulls more port infrastructure projects in Africa
Port operator to work on projects in Senegal and draw up trade and logistics plan for Mali
- Why does shipbuilder Yangzijiang need more cash?
On top of its adequate cash, the yard's recent funding from a share placement suggests M&A activity, but it may not...
- Grimaldi eyes port and ferry acquisitions
Italian group will concentrate on organic growth and fleet expansion while keeping watch for takeovers that complement its ro-ro activities, says Emanuele Grimaldi
- Hard Brexit could jeopardise UK flag expansion plan, warns Emanuele Grimaldi
Italian shipowner would put more ships on the register if UK exit terms from the EU are acceptable, but could...
|OCTOBER 2, 2017|
- ELDs top stack of challenges for FMCSA nominee
- Extended gate hours take effect at Houston's Bayport terminal
- Trade deficits with China widen despite higher import demand
- Shuttered Chinese factories have little room to clean up act
- Savannah perishable volume triples on Wal-Mart rerouting
- JNPT aims to expand reach via Wardha dry port
- Shreyas expands fleet to meet Indian coastal demand
- GLP storms into Europe with $2.8 billion acquisition
- China-Europe rail, cold chain gain new visibility via tech
|OCTOBER 2, 2017|
- Tanker owners counsel patience on recovery
Clean tanker markets about half way through recovery thanks to drawdowns in inventories.
- Capesize rates beg for more upside in values
Current rates should lead to greater increases in asset values, as supply remains low and yard capacity is tight.
- Swede agony for smart money
New York banker diagnoses what disease might be ailing private equity firms stuck in shipping bets.
- Easier money gone even if banks return
Better conditions could lure lenders, but tougher government regulation is here to stay.
- Gener8 Maritime sells veteran VLCC
NYSE-quoted tanker owner tipped to have secured a firm price for Gener8 Poseidon.
- DVB man confident in lender's future
Talk of shareholding changes could be realised, but bank's place in shipping should not.
- Aegean Marine names Yagerman new VP
Long-time investment analyst lands in new role after tenure at JP Morgan Asset Management.
- Ian El-Mokadem arrives at V.Group to head new team
Ian El-Mokadem today arrived as chief executive of V.Group as the shipmanagement giant slotted its new management structure into place. Industry newcomer El-Mokadem was appointed this summer with his arrival seeing him take over the post from interim boss Hanne Sorens. In a statement, V.Group explained the ship management business will be led by Alastair Evitt in the east and Maurice Baker, who
- Boxships leading energy efficiency race
Green policy group says 71% of vessels already meeting IMO's 2025 EEDI target.
- Seaspan plots notes offering to repay debt
New York-quoted owner lines up new securities sale to pay back notes maturing next spring.
- All UK anchor-handlers stand idle
Owners heading for 'cruel winter' as spot ships unemployed in North Sea sector.
- El Faro sinking caused by master's actions
Decision to steer toward hurricane was cited as primary reason behind casualty, but owner also cited.
- Oldendorff supramax sales chatter off the mark
Talk around Unisea deal dies down but handysize has left German owner's fleet.
- Three die of asphyxiation on bulker
Crew suffocated by wood-preserving chemicals in hold at Oman port.
- Crewman missing from Dutch cargoship
Search fails to find Wagenborg seafarer lost off Quebec, Canada.
- VLCC surplus clearing faster than forecast
Signs of fourth quarter upturn in big tanker market, AXIA's Michael Pak says.
- Tellurian fixes first LNG carrier
Driftwood LNG developer kicks off its shipping and trading operations
- Frederic Barnaud to quit GM&T at year-end
Long serving head of Gazprom trading arm eyes new 'LNG adventures'
- EOL reveals debt of $912m
Restructuring Singapore offshore owner only has $2m of realisable assets.
- Fincantieri plots Australian listing
Italian shipbuilder heading to ASX if it wins new $27bn naval contract.
- Golar closer to Hilli Episeyo finishing line
Troim's plan coming together with FLNG unit set to leave Singapore later this month.
- ITIC settles Turkey-Cyprus vessel dispute
Insurer steps in after ship refused entry in Turkey due to Cypriot connections.
- Varamar founder launches online fixing platform
Alexander Varvarenko behind new chartering platform linking shipping and commodity worlds.
- SAL Heavy launches marine projects venture
German owner combining shipping and installation support work in new division.
- AISSOT charters VLCC owned by Evangelos Marinakis
New tanker venture takes in Capital Maritime vessel on long-term contract.
- UECC poaches Mork from Hoegh Autoliners
New COO was previously regional sales head at rival car carrier owner.
- S&P deals set for healthy record in 2017, says Clarksons
Ratio of trading sales to newbuilding orders a positive market indication, brokerage believes.
- Tanker scrapping shows strong upturn
Jump in number of tankers being demolished can't stop overall decline in scrapping.
- Hyundai Mipo tipped to beat forecasts
KB Securities says Korean yard's third quarter result boosted by rising orders.
- Polarcus edges up ship utilisation
Less transit time means more vessel use for Middle East seismic survey player.
- Subsea 7, Schlumberger bag big LNG contract
Ophir Energy deal for Golar FLNG vessel off Equatorial Guinea worth up to $300m.
- Flex LNG strengthens with new CFO
John Fredriksen-backed gas carrier company brings in Oystein Kalleklev from KNOT.
- Modec seals Rang Dong FSO extension
Japanese floater specialist sees Vietnam-based unit secure employment until 2025.
- MacGregor moves head office to Singapore
Marine equipment specialist latest to join wave of European maritime companies migrating east.
- Yara tests zero emission autonomous boxship
Norwegian government will pay one-third of newbuilding costs of full-scale version.
|OCTOBER 2, 2017|
- USDOT looks to streamline environmental review process for multimodal projects
The Deptartment of Transportation has issued revised guidelines that will act to streamline the environmental review process for multimodal...
- Massport begins Boston Harbor Dredging Project
Massachusetts Port Authority (Massport) has officially begun its $350 million Boston Harbor Dredging Project , as approved by the U.S. Army...
- Congressional Dems file twin sleep disorder testing bills
Congressional Democrats introduced legislation on Thursday that would require the U.S. Department of Transportation to test train and comme...
- PANYNJ sees all-time monthly cargo high in August
The port's 631,404 TEUs handled this past August was 7.8 percent better than August 2016 volumes. The Port of New York and New Jersey set a...
- Port of Baltimore sets fiscal year TEU, tonnage records
In the first half of 2017, the Port of Baltimore handled 5.3 million tons of general cargo, more than the first half of any other calendar y...
- MercuryGate adds analytics platform to TMS
Transportation management software (TMS) provider MercuryGate International, Inc. on Monday unveiled a new embedded analytics platform call...
- GLP to acquire Gazeley in $2.8b deal
Industrial real estate developer Global Logistics Properties (GLP) has entered into a definitive agreement to acquire Gazeley for approxima...
- Navios Maritime term sheet with FSL Trust terminated
Navios Maritime Holdings has failed to acquire a 51 percent controlling stake in Singapore's First Ship Least Trust (FSL Trust), FSL said i...
- Richemont pays $334,800 for 'drug kingpin' sanctions violations
New York-based luxury goods retailer Richemont North America has agreed to pay a $334,800 civil penalty to settle four violations of the Fo...
|OCTOBER 2, 2017|
- Jones Act aside, sources see Puerto Rico problems by land, not sea
US distributors and traders doubt the 10-day waiver of the Jones Act will be much benefit for Puerto Rico, saying the real issues holding up cargoes are the logistical nightmares and power failures on the island.
- US law strengthening Russian sanctions needs clarity: EU official
A new US sanctions law targeting Russia's energy sector has EU companies and lawmakers questioning the status of current and future crude oil and natural gas investments, according to an EU official.
- EIA says July residual fuel oil exports to Panama down 31.8% on month
US residual fuel oil exports to Panama totaled 645,000 barrels in July, down 31.8% from June, Energy Information Administration data showed Monday.
- Oil futures at crossroads following month-long rally
A sharp pullback across the oil complex Monday raised the possibility of further price declines this month despite expectations for counterseasonal draws in US crude stocks and tightness in the distillate market.
- NYMEX crude nears $50/b as selloff marks start to October
Oil futures fell Monday on profit-taking as part of last month's rally was reversed, representing a bearish turn that will raise questions about where the next support levels may exist.
- External: Wired Bunkering
- FUTURES: Crude probes downside further as bullish drivers slow
- INTERVIEW: US sanctions against Iran would see grudging international compliance
"Grudging compliance does not look like robust, immediate information sharing to support the enforcement of sanctions," Rosenber said.