|MAY 8, 2017|
- Asia-Europe rate falls 2.4pc to US$996/TEU, off 3.2pc to USWC
- Cosco spends US$1.8b to own ships, rather than lease from subsidiary
- DP World's Q1 box throughput rises 5.7pc to 16.4m TEU
- Majority of container carriers will be in the black in 2017: Drewry
- Costamare's Q1 profit down 12.3pc to US$23m on 34.2pc lower revenue
- Port of Houston tonnage up 11pc while box volume surges 18pc in Q1
- Port of Veracruz to be dredged and expanded
- Dachser buys majority stake in its Irish partner, Johnston Logistics
- Sappi Southern Africa opts for K+N to manage seafreight orders
- Cathay to lease two freighters from Atlas to support expanding services
- China's home-built passenger plane takes off on maiden flight
- Airfreight volumes surge 14pc in March: IATA
|MAY 7, 2017|
- BBC Chartering increases "apac service" capacity between Mediterranean & North America
- CMA CGM launches new mobile app for customers
- Exodus ChemTank completes a successful decade of tank container & allied services
- IMDG Code 38-16 Updates
- Integrated cargo transport along multiple waterways begins
- Maersk Line to offer standalone direct service to & from North Europe out of Pipavav
- Anti-dumping duty extended on shrimp exports from India to US
- Former Deputy Mayor of Barcelona visits Mumbai Port
- JN Port & JNPCT achieve record monthly performance in April
- DP World signs MoU with National Investment & Infrastructure Fund to develop logistics infrastructure in India
- Expert panel suggests corridor-wise SPVs for developing Dedicated Freight Corridors
- MoUs worth INR 2 lakh cr. signed during India Integrated Transport & Logistics Summit
- Multimodal logistics parks seen as way forward for reducing logistics cost
- Need for supply chain transformation stressed
- Strong airfreight growth in March 2017
- Foreign exchange reserves touch all-time high
|MAY 8, 2017|
- Steering globalisation
- Dutch and Swedish bulk forwarders join forces
- Cathay Pacific Cargo wet-leasing B747-8Fs from Atlas Air
- Copping a five year 'copter contract
- Two more countries join European transport network
- Yang Ming opts out of Iran
- Partner in groupage logistics
- Russian railfreight operator invests in box cars
- Option swap at Churchill dock in port of Antwerp
- Roadrunner reshuffles executive management team
- LOT launches Astana flights
- Freydag to head D/CH ocean freight at Schenker Germany
- Straight to Ludwigshafen from Moerdijk
- Space availability coming back says Drewry
- Growing in Germany
- Qatar Airways Cargo more to Basel
- Gefco Germany: new CIS business developer
|MAY 5, 2017|
- India's plan to cut coal imports could hurt shipowners
- Wärtsilä steals a march on rivals with USA EPA Tier III certification
- Russia keeps faith in Northern Sea Route
- Earnings slashed for tanker owner Sloman Neptun
- Bahri posts sharp profit fall due to lower spot rates
- EasyMax vessel concept debuts for Wagenborg
- HHIC denies sale plans for construction subsidiary
- POSH records USD18.4 million loss in Q1
- HMM likely to be stuck with PSA's high fees
- Sand supplier Le Tong ventures into shipowning
- US crude export surprise: VLCCs to Asia top Aframaxes to Europe
- CLIA Europe appoints Chrysostomou to oversee public and government affairs for Europe
- Public tanker owners face rising risk of covenant breaches
|MAY 5, 2017|
- Asia-Europe contract shippers asked to pay more, with premiums for priority
- Declining cargo revenue the first-quarter story for IAG and AF-KLM
- 'Fantastic' - XPO Logistics chief's delight at Q1 results
- Shippers Agree: online platforms can take the bother out of booking
- China's first big passenger plane completes maiden flight
- DP World to invest $1bn more in India's maritime infrastructure
- The new globalisation - going beyond the rhetoric
|MAY 5, 2017|
- Researcher develops software to limit ships' NOx and smoke emissions
- Sabine Surveyors approved to carry out AWO RCP audits
- Nichols launches first of two tugboats for Kirby
- VT Halter starts construction of blast and paint facility
- Indictment in MSC satcom bribery case
- Renewed rumors of Singapore shipyard merger
- USCG investigates Chesapeake laser strikes
|MAY 5, 2017|
- Asia-Europe rates hold firm in wake of May GRIs
With the SCFI reporting only minor market losses this week, is the east-west trade entering a new era of stability?
- Lloyd's List names Kuganiga Kuganeswaran inaugural Tom Leander fellow
Philosophy student to join multi-award winning team for prestigious three-month internship sponsored by Norton Rose Fulbright
- Navios Partners continues to bulk up
Japanese capesize is latest addition to expanding fleet
- Chinese leasing humming in dry bulkers
Owner-lessor joint ventures are proposed to invest in newbuilds
- GasLog posts strong first quarter
LNG owner unveils record revenues from expanded fleet and underlines confidence in a stronger 2017
- Confusion reigns in Spain as ports await labour shake-up
Maersk reveals it lost $13m from go-slows as content of proposed reforms is yet to be revealed to companies and unions
- We want to be around when LNG market goes in right direction, says Stena Bulk boss
Get through the tough times and there could be a pot of gold at the end of the LNG rainbow
- Seablindness myth diverts us from the real issues at hand
There is a good public understanding of the maritime industry's importance that we should use, says UK Chamber of Shipping
- Carrier cost-cutting puts transhipment hubs at risk
New study claims hard-up carriers will soon limit the number of hubs frequented, forcing ports to prove their network value
- Awilco LNG slides deeper into the red
But Norwegian gas carrier owner remains positive on longer-term outlook
- Cosco Shipping to acquire 14 newbuild boxships rather than charter them
Shipbuilding contracts reassigned to Cosco Mercury in $1.7bn transaction
- Vessel attacks near southern Philippines quadrupled over January-March
Militant groups blamed for the growing violence in waters around that region, says IMB
- Hyundai Heavy Industries to shut Gunsan yard
Move brings value of production from the suspended activities to $1bn for 2017 to date
- Polaris to end on-site search operations for Stellar Daisy
Inclement weather and the approaching winter cited as reasons
- LNG carrier spot market rates rebound to $35,000 per day
Spot market LNG carrier had fallen to $32,000 per day in April on slowing demand
- DP World taps funds for $1bn logistics initiatives in India
Terminal operator continues to target opportunities abroad amid subdued domestic traffic
- MISC first-quarter profit hurt by LNG and petroleum segments
But earnings from the offshore business helped offset declines in other segments
- Attention deficit
Will today's wonderful navigational systems make their users more or less complacent, tremendously alert, or bored out of their tiny minds?
- New year, same old selective disclosure by Herbjorn Hansson
Hansson trims NAT shareholding in familiar non-disclosure pattern
|MAY 5, 2017|
- BCOs stand to gain from tech predicting chassis demand
- Low unemployment complicates trucking's hiring plans
- St. Petersburg terminal to add capacity
- Projects fuel growth of BBC Chartering's Med-US service
- Trans-Pac rates dip after spike without back-to-school surge
- APMT closes sale of UK truck/terminal unit to G&W
- IAG cargo growth stalls despite Asia boost
- XPO sees big bump in new logistics, intermodal business
- Daseke helping drive US truck consolidation
- Weekly LCL service widens appeal of China-Europe rail route
- Cargobase brings spot freight booking to BCOs' cell phones
|MAY 5, 2017|
- GasLog and Shell agree to rejig LNG charter
No longer seasonally employed, ship will come off year-round charter in 2019.
- BW Offshore suffers floater cancellation
Oslo-listed floater owner still chasing $61.8m arbitration claim against Sinopec's Addax.
- Algoma Central reports smaller loss
Canadian shipowner saw revenue improve in its dry bulk unit thanks to salt cargoes.
- Gener8 Maritime again linked to sales talk
Reports of disposal of older suezmax may be running ahead of events, sources say.
- GasLog sees FSRU contract win coming by fourth quarter
Peter Livanos-backed LNG carrier owner aiming sees second floating project by year end.
- Nigerian navy thwarts cargoship attack
Crew retreated to citadel after gunmen boarded from speedboat off Bonny.
- Frangou adds second cape in two weeks
Navios Maritime Partners agrees to pay $28.3m for Japanese-built bulk carrier.
- Jefferies: tide turning for Cosco Shipping
Chinese container line tipped for more profit after positive first quarter.
- GasLog back to black as it beats forecasts
LNG carrier owner delivers positive result in the first quarter on the back of higher revenue.
- Great Eastern falls to a loss
Expanding Indian tanker and bulker owner hit by falling revenue in fourth quarter.
- Fredriksen firms up Korean VLCC order
John Fredriksen's Frontline has secured up to four VLCC newbuilding slots with Hyundai Heavy Industries in South Korea worth close to $320m in total. Frontline is understood to have firmed up an order for two firm ships with an option on another pair to be built at Hyundai Samho Heavy Industries. Sources close to the company say the firm ships are priced at just under $80m for delivery dates in
- Rickmers Trust will not report results
Winding-up company decides not to disclose financial details for the first quarter after selling its fleet to Navios.
- Credit Suisse winding up bad bank by 2018
Swiss lender bringing forward the end of its legacy loans as losses fall.
- Loss grows at Grupo TMM
Mexican tanker and offshore vessel owner hit by falling revenue in first quarter.
- Cosco Corp sells yards to parent for $212.4m
Singapore-listed entity of Chinese giant prices the disposal of three facilities as loss deepens in Q1.
- Deutsche Bank cuts loan provisions 56%
German lender says first quarter figure was $146m as oil and gas improved.
- BBC adds more capacity to US
German heavy-lift and project player focusing on cargoes from the Med.
- Clarksons: Hornbeck to need restructuring
Analyst recommends selling US offshore owner's stock in downturn.
- SeaBird could stack more vessels
Restructuring seismic vessel player falls to loss in tough markets.
- Awilco LNG enters talks with creditor Teekay
Owner evaluating capital structure after losing $10m in first quarter.
- Pacific Drilling loses $100m in first quarter
But Idan Ofer-led drilling firm says it saw an uptick in tenders and inquiries versus 2016.
- Sembcorp Marine future up for review
Analysts speculate on future of shipyard group after parent announces plan for strategic review.
- UMW Oil & Gas drops Icon and Orkim takeovers
Malaysian firm says it needs to strengthen balance sheet before M&A activities can be pursued.
- Jewo opts for bulker over boxship for scrap
Company sending stainless steel to Asia for recycling using bulker for first time in 15 years.
|MAY 5, 2017|
- G&W finalizes Pentalver acquisition
Short line and regional railway Genesee & Wyoming Inc.'s (G&W) United Kingdom subsidiary, GWI UK Acquisition Company Ltd., acquired...
- Two dead in West Virginia cargo plane crash
The pilot and copilot of a small aircraft died Friday morning in a crash at Yeager Airport in Charleston, W.Va., according to multiple news...
- Roadrunner nabs new funding, reshuffles management
Roadrunner Transportation Systems, Inc. received a $540 million redeemable preferred stock investment from affiliates of private investment...
- USCG investigates laser light incidents in Chesapeake Bay
The U.S. Coast Guard is conducting an investigation on several laser light "strikes" aimed at commercial vessels in the southern Chesapeake...
- Alert Gps introduces new ELD mandate compliance solution
Alert Gps Inc. has launched a new electronic logging device (ELD) mandate compliance solution, dubbed the Alert ELD system, the company sai...
- Former Delta, United exec joins Flexport
Freight forwarder Flexport has hired the former chief operating officer of Delta Cargo, Neel Jones Shah, as its senior vice president and g...
- SCFI falls 1.6%
The Shanghai Shipping Exchange's weekly Shanghai Containerized Freight Index, based on estimated freight rates on 15 routes out of Shanghai...
- COSCO to own ships, rather than lease from subsidiary
Chinese state-owned ocean carrier COSCO SHIPPING Holdings Co., Ltd. will pay about $1.78 billion to have contracts for 14 containerships tr...
- Budapest Airport handles record Q1 cargo volumes
Budapest Airport handled a record 30,060 tonnes of cargo in the first quarter of 2017, up 32.3 percent on the same period last year; air ca...
|MAY 5, 2017|
- Brazil's drought cuts LSFO supply to Europe: traders
The last LSFO cargo from Brazil to arrive in Europe arrived this week, according to traders, and now no further arrivals are expected for at least a month.
- Bunker supplier Geos Group adds barge in UK
Geos has chartered the 6,535 dwt Thun Grace from Thun Tankers to replace a smaller vessel leaving its fleet, the Milford Fisher.
- European LSFO complex strongest since Jan on seasonal demand, supply outages
As most European LSFO production is concentrated in the Northwest, the larger pull from southern Europe has led sources to believe the market in both regions will continue to strengthen.
- Interest in East-West fuel oil arbitrage remains high despite VLCC failures: sources
Trading sources said the East-West arbitrage window has opened in the last few days but added that expensive VLCC freight rates may be hampering the economics for larger vessel sizes, pointing to several failed bookings in the past.
- Handysize ULSD cargoes on the Baltic-NWE trip being loaded on LR1s: sources
Two to three LR1s have been fixed so far, according to shipping and market sources.
- REFINERY NEWS: MOL refinery margins grew in Q1; throughput up 7.6%
The surge in margins reflected widening gasoline and diesel crack spreads in a year-on-year comparison, while the negative spread for fuel oil also narrowed on the year.
- External: Wired Bunkering
- Maritime insurers eye business opportunity as non-oil spills in sea rise
The number of ships carrying HNS cargoes is growing steadily with more than 200 million mt of chemicals traded annually by tankers.
- TANKERS: IMB piracy report marks first Somali hijackings after 5 years
Kidnappings in the Gulf of Guinea, growing violence around the southern Philippines, and the first Somali hijackings after a five-year lull key highlights of IMB report.
- FUTURES: Crude falls close to 2% amid short selling