|MAY 9, 2017|
- Greece to seek increased Chinese investments in port projects
- One CMA CGM vessel leaves China every 3 hours within OCEAN Alliance
- Expanded Panama Canal welcomes biggest box ship to date
- US trade deficits with Mexico and Japan in goods hit decade high
- Malaysia's Wesport to spend US$180 on building out new terminal at Port Klang
- Indonesia's New Priok terminal set to transform south-east Asian shipping
- Somali piracy returns costing shipping US$1.7 billion
- Maersk innovation pioneer to drive disruptive sustainability for Nor-Shipping
- UPS names Mark Vale as growth and emerging markets president
- HK mobile smuggling racket busted in India, 11 officers transferred
- Cargo plane carrying UPS packages crash in West Virginia killing two
- Schiphol Cargo handles record volumes in Q1
|MAY 8, 2017|
- 'No hiding place' for sub-standard shipping
- Baltic Dry Index falls 10 points
- Business restructuring at COSCO Shipping International (Singapore)
- Dachser introduces weekly LCL railway service from China to Europe
- DP World wins Dubai Quality Award
- Global maritime piracy up in first quarter of 2017
- InterManager expandsglobal membership, including first ship registry member
- International publication lists Ganga cruise as one of the 'six river cruises to take in 2017'
- New CMA CGM agency in Iran
- SCFI rates fall
- NMPT saves life of ship crew
- Roundtable discusses ways to expand US-India collaboration in supply chain & infrastructure initiatives
- Finance Minister calls upon Japanese companies to set up facilities in India
- India & Georgia to complete feasibility study for proposed Free Trade Agreement in 6 months
- Mid-term review of Foreign Trade Policy to be completed early to synchronise roll out with GST
- Monitoring of export obligation fulfilment under EPCG & Advance Authorisation Schemes
- Update on GST roll out
|MAY 9, 2017|
- "In times of change"
- Foundations for digitalisation in place
- Expanded intermodal service capabilities in UK
- Four times larger
- Chinese investing in wagon plant in Canada
- Thome opens new training grounds
- New rail competence centre in Stuttgart
- Two new long-term leases signed
- Budapest airport to open new express freight facilities
- Hugo Trumpy on the move for Intermarine
- Saddle Creek adds new business development director
- Presenting favourable figures for 2016
- Up to 120 freight trains per day
- EIB warehousing loan for Barcelona port
- Air Cargo Europe starts under good auspices
- Opening up in Munich
|MAY 8, 2017|
- North Korean shipping sanctions take on urgency in US
- Goldin portfolio management platform seals its first deal
- New player shakes up the e-procurement pricing model
- RCCL confirms two Icon-class orders from Meyer Turku
- Cracks found on another Polaris ore carrier
- Crew fears prompt benchmarking move
- DP World launches investigation into Jebel Ali accident
- Marine sector warned of physical cyber threat
- Nordic American Tankers swings to loss in Q1 2017
- DHT board rejects Frontline offer - again
- Regional port overcapacity a necessity to beat congestion, says Erasmus professor
- US maritime commission clarifies Big Three merger decision
- Vallianz Holdings issues profit warning for 2016, Q1 2017
- Samsung HI resumes work partially, DSME, HMD continue with cost cuts
- COSCO Shipping International widens losses, sells yards to parent
- Pan Ocean pursues Sinoriches for USD1.4 million
- Baltic Dry Index marks third consecutive week of falls
|MAY 8, 2017|
- Contship Italia eyes growing intermodal business as Gioia Tauro battles for transhipment traffic
- Nerves jangle as shippers and forwarders wait to hear who is bankrolling Yang Ming
- CarPal helps logistics operators break into e-commerce last-mile services
- KLIA Customs seizes record haul of pangolin scales from Africa
- Training gears up as port of Liverpool eyes a return to its glory days
- Etihad calls up Ray Gammell as interim CEO to replace Hogan
- VIDEO: Quay crane collapse at Jebel Ali causes only minor injuries
|MAY 8, 2017|
- UAE bulk port orders Damen ASD 2913 tug
- VIDEO: OSU picks Gulf Island to build research vessels
- FMC clarifies why it rejected Tripartite Agreement
- MAN Diesel and Turbo steps up cooperation with Mitsui
- OSV fleet's DCF value is 2.5 times its market value
- Wartsila invests in turbocharger service capabilities
|MAY 8, 2017|
- NAT's difference of opinion
Nordic American Tankers' annual report and first-quarter results make for two very different reads
- Merchant ship fired upon by skiffs off Iran
Attack followed by suspicious approach on second vessel in same area
- Onassis buys new suezmax duo from Arcadia
Legendary tanker name takes 2017 spending to about $275m as seller welcomes fourth of six-ship HHI tanker series
- Scorpio Tankers sells another two MR product tankers
Continued asset disposal by bullish owner could raise eyebrows as total sold this year hits 10 vessels
- Capital Maritime fixes first of five ex-Hanjin containerships
Neo-panamax Hanjin China is renamed Athenian and fixed for four to six months at $33,000 per day
- Handysize bulker earnings post weekly loss again amid weak Pacific demand
Weighted average at 19-day low but some trades could recover later this month
- Data Hub: Charter Rates
Fixture activity on the wane and rates stagnating, but owners will go into the quiet summer period better prepared than last year
- NAT posts first-quarter net loss
But result is substantially improved from the fourth quarter of last year
- Trafigura unlocks Myanmar market for bigger product tankers
Subsidiary Puma Energy opens the country's largest fuel terminal and largest marine jetty for MR tankers
- SHI to unveil comprehensive safety plan by June
Move comes as shipbuilder resumes partial operations after crane accident that claimed six lives
- Rotterdam port authorities take over container rail service
Goal is to boost service competitiveness and ensure further environmental sustainability
- Vopak inks joint venture to develop gas terminal in Canada
Location will allow shorter shipping times for gas carriers to Asia as compared with the US Gulf coast
- Algoma net losses widen on a lack of vessel contract gains
Weaker seasonal demand and vessel dry docking schedule also to blame
- DHT shoots down latest Frontline offer
DHT walks Frontline through its reasoning to show 'just how off the mark' the offer was
- FMC clarifies stance on Japanese lines' pre-merger talks
Proposed tripartite agreement falls outside the Shipping Act's scope
|MAY 8, 2017|
- Amazon, CVS, DollarTree fuel Kansas City distribution boom
- Fewer 'no shows' key to service contract evolution
- E-commerce imbalance tips ArcBest into loss
- Japanese container trade shows signs of improvement
- Panamax ship values jump on rising charter rates
- Shippers partly to blame for port congestion, report argues
- DP World probes Jebel Ali crane collapse
- Maersk adds Pipavav to North Europe service
- March air freight growth hits seven-year high
|MAY 8, 2017|
- DHT tops estimates as it inks $300m loan
New York-listed tanker owner sees smaller-than-expected dip in first-quarter earnings.
- Eagle delivers slimmer-than-expected loss
Supramax and ultramax specialist sees revenue rise on chartered-in ships.
- Genco trims loss to just below estimates
Chief executive John Wobensmith says New York-listed bulker owner ready to pursue growth.
- Ocean Yield doubles profit in first quarter
Kjell Inge Rokke-backed lessor eyes expansion despite weakness in offshore segment.
- Is TEN's next buy in the VLCC sector?
Maxim Group analyst speculates that next strategic alliance could translate into large tanker deals.
- Drewry: vegoil and chemicals fleets rising
Weak CPP rates push more of fleet to chemical and vegoil trades, but shakeout looms.
- Analysts pull down NAT targets amid silence on dividend
Credit Suisse and Maxim respond to tanker owner's quarterly report amid lender restrictions.
- Bahri looks to team up with HHI on 'big data'
Leading tanker owner plans deeper relationship with Korean yard for new technology.
- Axia says size and capes key to dry recovery package
Three buys and two hold ratings among the five new owners under coverage of Axia analyst.
- Crane at Jebel Ali collapses after collision
One man suffers a fractured leg and arm as CMA GMA-owned boxship hits a DP World port wall.
- LNG carrier evades pirate attack
Vessel came under fire after leaving Nigeria LNG's Bonny Island plant
- Seabird secures two-month charter
Oslo-listed seismic vessel owner set to deploy 1987-built ship in South America.
- GasLog Partners to raise dropdown cash
Analysts see potential for a third vessel drop-down before year's end as company raises cash.
- Seven buyers circle HSH Nordbank
Anbang Insurance linked to pursuit of restructuring shipping lender.
- DNV GL in the red
Shipping blamed for class society's first loss in 30 years.
- DHT Holdings tipped for profitable quarter
Analysts expect Frontline takeover target to log black numbers in opening three months of 2017.
- LNG carrier evades piracy attack
An LNG carrier and its crew has emerged unscathed from a piracy attack off Nigeria. The BW Group owned and managed 150,000-cbm LNG Lokoja (built 2006), which is on long-term charter to the Nigeria LNG project, is understood to have come under fire after leaving the Bonny LNG terminal at the end of April. A BW Group spokesman said: "I confirm that LNG Lokoja managed to evade pirates with defensiv
- China hands over three Somali pirates
Somalia to decide fate of men alleged to have attempted April bulker hijack.
- Energean to tender for $500m FPSO
Greek group wants unit for Karish gas project off Israel.
- ASL Marine expects red third quarter
Singaporean offshore vessel owner is set to report a net loss for the three-month period ended March.
- Olympic buys brace of suezmax tankers
Onassis company picks up pair of new tankers from fellow Greek owner, brokers say.
- Vernicos expands with Middle Eastern tug
Greek owner finalises first acquisition for 2017 with deal for 20-year-old ship.
- Stoic reaction to DHT letter at Frontline
Robert Hvide Macleod quotes 19th-century Norwegian playwright after opening latest rejection letter.
- Baltmed reefer abandoned in South Atlantic
Greek ship took on water after hitting iceberg; crew safe.
- Scorpio Tankers confirms double sale
Deal will see debt repaid and draw a writedown in the owner's second quarter numbers.
- FMC: Big Three did not 'jump the gun'
US commission clarifies reason for rejecting Japanese owners' boxship merger.
- Four more ships targeted by robbers
IMB reveals spate of boardings in Asia, Bangladesh and Venezuela.
- Clarksons: S&P liquidity at post-crash high
Rise in bulker, tanker and boxship deals contribute to new benchmark figures, brokerage says.
- Parakou Shipping's CC Liu dies
Hong Kong Shipowners Association pays tribute to founder of bulker and tanker group.
- Analysts positive on dry cargo stock retreat
Trio of leading analysts decline to ring alarm bells following pullback in bulker stocks and rates.
- Crew rescued after cargoship sinks
Oil sheen spotted after Fortuner developed crack off the Philippines.
- Sea Trucks enters into liquidation
Insolvency proceedings begin at Nigerian offshore group but operations continue as normal.
- Nordic American Tankers starts 2017 in the red
Suezmax specialist's adjusted numbers came in better than Wall Street analysts had anticipated.
- H Vogemann heads to China for bulkers
German owner reported to have booked four ships at Taizhou Kouan.
- Chengxi Shipyard scoops KLC quartet
Chinese yard wins four new bulkers from Korean owner.
|MAY 8, 2017|
- BNSF picks up steam in Q1
Source: Angel DiBilio/Shutterstock BNSF's freight revenues from coal for the first quarter of 2017 rose 23.2 percent from last year's first ...
- DP World inks MoU with India's National Investment and Infrastructure Fund
Dubai-based port terminal operator and logistics company DP World has signed a Memorandum of Understanding (MoU) with the Indian National I...
- European Commission approves Toyota-Vanderlande deal
The European Commission (EC) has approved the acquisition of Netherlands-based Vanderlande by Toyota Industries Corp. under the EU Merger R...
- Big containerships arrive on both coasts
Both the Port of Vancouver in British Columbia, Canada and the Virginia Port Authority have seen record size containerships call their term...
- ATSG's net earnings, revenues soar in Q1
Air Transport Services Group, Inc., (ATSG) a provider of aircraft leasing and air cargo transportation, reported net earnings of $10 millio...
- Great Lakes iron ore shipments rise in April
Iron ore shipments in the Great Lakes and St. Lawrence Seaway totaled 5.8 million tons in April 2017, an 8.8 percent increase from the same...
- CargoLogicAir receives third Boeing 747 freighter
British cargo airline CargoLogicAir (CLA) has received its third Boeing 747 freighter in the last 18 months, the company said in a statemen...
- FMC reviews 24 OTI license applications
The U.S. Federal Maritime Commission (FMC) has received 24 ocean transportation intermediary (OTI) license applications and changes for rev...
- Trump would 'certainly consider' raising gas tax
President Donald Trump said he would "certainly consider" raising the federal gas taxto fund infrastructure development during an interview...
|MAY 8, 2017|
- ANALYSIS: Traders looking past US crude draws amid major selloff
- Strong US refinery activity stokes oversupply concerns - Money managers bearish across oil futures complex - Traders downplaying streak of crude stock draws
- Oil futures rise slightly on possible OPEC supply deal extension
NYMEX June crude settled 21 cents higher at $46.43/b. ICE July Brent settled up 24 cents at $49.34/b.
- Panama Canal Gatun locks maintenance postponed: authority
Routine lock maintenance that had been tentatively scheduled to begin Tuesday has been postponed. No date has been set for the maintenance.
- St. Petersburg bunker prices hit 5-month low on falling crude
The Russian Baltic port of St. Petersburg is experiencing the lowest price levels for 380 CST fuel oil, used as bunker fuel for shipping, for five months
- ANALYSIS: Iraq's rising fuel oil exports a sign of refinery issues, growing militias
- Iraq reduced fuel oil injection into crude stream this year - Now exporting 200,000 mt/month from Khor Al-Zubair - Fuel oil shipped to Fujairah and then Singapore
- External: Praxis Energy Agents S.A
- External: Wired Bunkering
- FUTURES: Crude remains higher on Saudi minister's comments
- ASIA FUEL OIL MOC: Fuel oil loadings completed for 3.037 mil mt traded in Mar
The loading activity has taken place mostly at terminals in Singapore, and southern Malaysia, which are in the Straits region.
- ANALYSIS: As prices fall, OPEC looks to Q3 for optimism
- OPEC officials maintain market is rebalancing - Cut extension details still in flux - Market has priced in extension, say analysts
- Saudi Oil Minister Falih confident output cut deal will be extended by 6 months or more
- India's HPCL mid-May bunker stock arrival to ease Mumbai tightness
About 10,000 mt of 380 CST bunker fuel was loaded from HPCL's refinery in Visakhapatnam Thursday.