|APRIL 5, 2017|
- Singamas loss widens in 2016 to US$59m
- CMA CGM launches new OCEAN Alliance services from April 1
- Energy and water to be included in US President's infrastructure plan
- China and US set to lock horns over trade in upcoming bilaterial summit
- US President's administration gears up to preserve China's trade status
- Indian billionaires show interest in managing terminal in delayed Iran port
- US dock workers fear losing jobs with the advent of automation
- Long Beach, Los Angeles ports to escape hefty federal grants cuts
- MacGregor to upgrade box stowage system for Seaspan
- Virgin Atlantic Cargo's volume up 1.8pc in 'challenging' 2016
- Denver's Frontier Airlines eyes second-quarter public listing bid
- Germanwings case must be tried in Germany, US court rules
|APRIL 4, 2017|
- High container prices seen indicating escalating trade
- New Shreyas Shipping vessel makes maiden call at Kolkata Port
- The Swedish Club delivers a discount of 4 pc to P&I members
- Adani Group eyes global expansion with new container port in Malaysia
- Coastal & port connectivity roads to be developed under Bharatmala project
- Expenditure on upgradation of Major Ports' facilities during 2013-14, 2014-15, 2015-16 and the current year
- Mumbai Port handles highest ever traffic of 63.05 mt last fiscal
- Paradip Port handles all-time high throughput of 88.95 mt in 2016-17
- Port of New Orleans planning to sustain & consolidate growth in future
- About INR 7k cr. to be invested in highway projects in Jammu & Kashmir over the next two years: Gadkari
- CONCOR achieves all-round throughput growth in 2016-17
- First container rake arrives at Kandla Port's KICT from DICT
- Vanaja Sarna takes charge as Chairperson of CBEC
|APRIL 5, 2017|
- "The region is not enough"
- First non-Japanese lands top job at NYK in Europe
- Grants to expand Bolivian east-west corridor
- Introducing new IT system in vehicle cabs
- Excellent rail connections pay off
- 2016 results for Italy's container hubs and gateways
- Emo Trans establishing offices in Asia
- Smiths Detection wins UK airport security contract
- More turnover, tonnage and shipments
- General cargo alliance sets up own network in Poland
- Three more port representatives for Antwerp
- BOC Aviation buys two B747 freighters for ABC
- Gebrüder Weiss expands global network
- COSL chooses service provider in Malaysian waters
- CL notes slight drop in turnover
- New rail line for oil and gas transport in Russia
- Qatar Cargo to Cambodia, Ethiopian twice new to Europe
- Inci Lojistik and Yusen Logistics Turkey tie knot
|APRIL 4, 2017|
- Big oil pushes back on US Jones Act scheme
- Jaccar negotiates debt deal with its banks
- Petronas loads first cargo from floating LNG facility
- Kawasaki HI restructures to focus on Chinese yards
- Shell to supply LNG for Sovcomflot's four Aframax crude oil tanker newbuilds
- Seadrill says restructuring 'will likely involve schemes of arrangement or chapter 11 proceedings'
- All Sainty Marine's ships sold
- Epic Gas secures USD90 million loan to refinance 14 LPG carriers
- Angelicoussis books three more VLCCs at DSME
- Polaris Shipping reports earnings dip as search for missing crew continues
|APRIL 4, 2017|
- UK shippers could save 30% per box by switching from road to rail freight
- Drew Crawley quits IAG Cargo with immediate effect as BA's Lynne Embleton takes over
- Charter market recovery: an alliance-driven blip?
- Smaller forwarders can score in post-Brexit integrators-independents battle
- Answering your questions on switch bills of lading
- BluJay buys Blackbay to boost real-time shipment information
- Aztec opts for Y12Fs while Antonov tests new turboprop freighter
|APRIL 4, 2017|
- Clashing views on CBP Jones Act ruling revisions
- Louis Martell takes helm at CSL Group
- Seadrill warns of Chapter 11: Share price plummets
- Up to four AET Tankers Aframaxes to be LNG dual fueled
- Wartsila solutions, maintenance picked for Hoegh LNG newbuilds
- First Citywide Ferry arrives in New York
- Eastern Shipbuilding confirms deal for Staten Island Ferries
|APRIL 4, 2017|
- Yamal LNG to load maiden cargo in the second half of 2017
In addition to 14 icebreaking LNG carriers, project will need 10 normal ice-class LNG vessels for ship-to-ship transfers
- Australian cyclone damages supramax demand
New Baltic index for supramaxes could also cause short-term market disruption
- Total signs LNG bunkering deal with Singapore's Pavilion Energy
Preliminary agreement will give Total access to LNG bunkering facilities in Singapore for its customers
- Trafigura calls for adoption of standard agreement in LNG trading
'Master' for terms and conditions will improve industry-wide efficiency, company argues
- Qatar lifts moratorium on North Field gas output
Qataris flex their gas-producing muscles, promising new cargoes for LNG carriers, showing young pretenders such as the US how it is done
- SwissMarine eyes growth, but not in fleet size
Freight trading company wants to be more active in concentrates
- Data hub: World fleet update
Slippage in delivery dates and continued high scrapping levels are helping reduce the number of vessels in lay-up
- Malaysia's MMC Corp buys out remaining 51% stake in Penang Port
Group to finance the acquisition through internal funds as well as bank borrowings
- Adani inks MoU to develop Malaysian container port
Carey Island facility will be an extension of Port Klang
- India's JNPT commences project to deepen and widen access channel
Project will allow port to handle larger containerships
- Souki's Tellurian to charter up to 30-strong LNG carrier fleet
Former Cheniere head makes an open offer of $8 gas to Japanese buyers from his multibillion-dollar Driftwood LNG project
- Seanergy Maritime bets again on capesizes
Spot-oriented fleet poised to reap huge benefits in anticipated market recovery
- APMT demands government intervention to resolve Gothenburg dispute
Update: Terminal operator makes call after union's criticism of new manning system at the Swedish port
- Competition authority blocks Eimskip's Nor Lines takeover
Authority notes there were already too few players in the market to maintain its competitiveness
- DSME secures $250m deal for VLCC trio
Vessels are expected to be delivered by 2018 in sequence
- Small chemical tanker prices drop
Asset price situation reflects challenges faced by the sector
- DryShips unveils more fundraising and vessel purchases
George Economou announces $268m acquisition of six ships in conjunction with fresh $226m stock offering
- Sovcomflot confirms Shell's LNG bunker deal for four tanker newbuilds
Shell to fuel the ice-class aframaxes it will charter in
|APRIL 4, 2017|
- US legislators: Carriers' antitrust immunity needs review
- Estes launches direct Canada LTL trucking service
- Top carriers serving US gain share amid consolidation
- Scrutiny after St. Petersburg bombing slows Russia cargo
- Norwegian regulators block Eimskip bid for Nor Lines
- Growth at public Indian ports slows despite productivity gains
- European shippers say exports to Asia delayed weeks
- New parking lot key to easing Santos congestion
|APRIL 4, 2017|
- Rates rise as VLCC fixtures pick up steam
Average spot earnings jump 10.6% in one day as charterers bag ships in the Middle East and West Africa.
- Norwegian Cruise Line ramps up Cuba offering
Cruise giant unveils 33 voyages to Caribbean island despite uncertainty about Trump Administration's stance on embargo.
- API report claims sweeping impact from Jones Act rule change
But US offshore vessel association says its members are ready to provide work covered by proposal under consideration by Trump Administration.
- Star shines brightest as bulker stocks fly
Petros Pappas-led owner is shipping's best performer in first quarter as dry cargo equities rally.
- ConTex nearing the 400 mark
Another strong start to the week for boxship rates indicates "an active market" on all segments.
- Seadrill shares plunge to new depths
Driller's stock loses almost 40% of its value to set unwanted record on the Oslo Stock Exchange.
- IRISL looks to expand its port footprint
Iran's national bulker and boxship fleet reaches out to Japanese logistics firms.
- DSME yard workers' pay plummets
Restructuring shipbuilder handed over 20% less in salaries last year.
- Sparrow emerges with rump of Ultrapetrol
Offshore and river business sales satisfy creditors, as operating businesses cease
- Wan Hai Lines stays in the black
But Taiwanese boxship owner's earnings cut as revenue falls.
- Clarksons Platou places buy tag on Genco
Analysts expect restructured bulker owner to return to the black in 2018.
- Hurtigruten has port case ruling reversed
Norwegian cruiseship owner set to address supreme court over Bodo port fees row.
- Krasnoye Sormovo profits drops in 2016
Russian shipbuilder reveals weaker figure as revenue falls.
- Expectation growing for Stolt Tankers IPO
Oslo-listed shipowner will spin-off its tankers "sooner rather than later" bank says, as CEO sees time ripe for consolidation.
- Blast hits ship at Varna yard
No injuries reported on vessel that had just arrived at Bulgarian facility.
- Shippers want action over European delays
ESC launches probe into eight-week wait for loadings.
- Total and Pavilion form new LNG venture
The two gas and energy companies will work together on LNG bunkering in Singapore.
- Uljanik, ETCA launch LNG, LPG venture
Croatian and Cypriot partners want to muscle in on shipmanagement market.
- Polarcus utilisation falls in first quarter
Middle East seismic ship player sees contract cover fall.
- Fewer passengers, more cargo for Tallink
Estonian ferry and ro-ro owner posts mixed figures for the first quarter and March.
- TGS and PGS expand seismic survey
Norwegian charterer and owner win more work off Senegal and The Gambia.
- Gulf Navigation to raise $250m
Expanding Dubai tanker owner issuing sukuk over five years.
- Seadrill sounds warning to investors
Restructuring and debt repayment deadlines extended amid comments stakeholders are set to be diluted.
- Marenave seals fleet sale deal
German owner to liquidate single-ship companies as Offen prepares to invest.
- Aussie coal exports face five week delay
Outages of local rail systems are preventing coal shipments from getting from the mines to ports.
- DSME confirms trio of Angelicoussis VLCCs
Struggling South Korean shipyard seals three ships from its favourite Greek shipowner.
- Minerva Marine opts for Wartsila's BWMS
Greek shipowner says possibility to get lifecycle support affected choice of supplier.
- Boskalis seals large India dredging deal
Dutch firm improves sector backlog following "worst dredging year so far this century" in 2016.
- Ama Marine raids second hand market
Thai chemical tanker operator said to have acquired Korean built Interline 9001 coated unit.
|APRIL 4, 2017|
- ANTONOV's new aircraft takes maiden flight
Source: ANTONOV ANTONOV's new aircraft, the AN-132D, took off on its maiden flight March 31 from the company's airfield in Kyiv, Ukraine. A...
- Port of Gdansk plans for future growth
Source: Port of Gdansk The Port of Gdansk unveiled development plans currently in the works, which are fueled by the accelerating growth in ...
- European shippers remain concerned about capacity shortage
The European Shippers' Council (ESC) said its members are continuing to face a severe shortage of space on containerships carrying goods to...
- Navios Logistics inaugurates iron ore facility in Uruguay
Navios South American Logistics, a subsidiary of Navios Maritime Holdings, inaugurated its newly-completed iron ore transshipment and stora...
- CMPort grows profit on higher volumes in 2016
China Merchants Port Holdings Co. Ltd. (CMPort) saw profits attributable to equity shareholders jump 14.3 percent to $5.49 million Hong Kon...
- WWL joint venture partners complete ownership merger
Norway's Wilh. Wilhelmsen ASA and Wallroll AB of Sweden, joint owners of Wallenius Wilhelmsen Logistics, EUKOR Car Carriers and American Ro...
- Norway scuttles Eimskip's acquisition of Nor Lines
The Norwegian Competition Authority has issued a decision blocking Icelandic ocean carrier Eimskip Ltd.'s 15 million euro (U.S. $16.6 milli...
- Qatar Airways Cargo launches new freighter service to Phnom Penh
Source: Qatar Airways Qatar Airways Cargo will fly from Doha to Phnom Penh and back to Doha on a weekly basis with an A330 freighter. Qatar...
- Executive Moves: Bureau Veritas, Greenville & Western and Glander International
Bureau Veritas has promoted Marine & Offshore Division President Philippe Donche-Gay to the role of senior executive vice president. R...
|APRIL 4, 2017|
- Norway's Asgard crude to load four cargoes in May
The light crude is sourced from the Midgard, Smorbukk and Smorbukk South fields, with production starting in 1999.
- North Sea Alvheim crude to load four cargoes in May
Alvheim crude is a relatively light, sweet grade with an API gravity of 36.3 and a sulfur content of 0.16% by mass.
- REFINERY NEWS: Petroecuador's Esmeraldas refinery undergoes planned maintenance
- Fuel oil swap cracks up despite high stocks in ARA, less Russian exports: sources
Production of fuel oil, a traditionally key export product, totaled 4.552 million mt in March, down 7.06% year on year and up 1.85% month on month.
- External: Praxis Energy Agents S.A
- External: Wired Bunkering
- TRADER NOTE: Former Yong Yu Global fuel oil trader joins Mabanaft Singapore
Toh had been at Yong Yu Global for three to four years, and with BP before that in a similar capacity.
- FUTURES: Crude lower amid concerns over supply
- TRADER NOTE: UAE's Glander International Bunkering's Mumbai office hires two traders
The company opened its Mumbai office in 2011 and moved to the city's business hub, Bandra Kurla Complex, in November 2016.
- LNG bunkering set to witness steady growth despite odds
LNG uptake is encouraging but more needs to be done
- OPEC's Barkindo says 'encouraged' by Iraq's progress towards cut compliance
OPEC forecast global oil demand will reach 109 million b/d by 2040.
- FEATURE: Atlantic Basin long-haul crudes maintain competitive edge in Asia
Asia seen as a stronger market due to ongoing maintenance in Northwest Europe and continued glut of sweet crudes across most regions in the Atlantic Basin.