|MAY 11, 2017|
- LB port box volumes in April surge 16.5pc thanks to HMM and SM Line
- SCPA handles record 189,315 TEU in April
- China's exports rise 8pc in April, while imports are up 12pc
- Wan Hai Shipping joins CSSF at latest meeting in Dubai
- Founder of Parakou Shipping C C Liu dies
- Gantry crane collapses injuring 10 at Jebel Ali Terminal 1
- ICTSI Q1 net profit up 23pc to US$51.7m
- Vietnamese ship owners warned of using substandard cargo ships
- UPS to acquire Ireland-based Nightline Logistics
- Pharma logistics the spotlight at Air Cargo Europe (ACE) expo
- Amazon warehouse boosts cargo business at Tampa International Airport
- American Airlines starts summer service from Dallas to Amsterdam
|MAY 10, 2017|
- Dangerous Goods Declaration vs Bill of Lading
- Vessel demolition slowing down overall, says analysis
- Anti-dumping duty on Chinese yarn extended
- Elastomeric Filament Yarn from 4 countries levied anti-dumping duty
- Alliance changes said to be causing congestion at leading Chinese ports
- Inclusion of Hazira (Surat) Port as a Port of registration under Para 4.37 of Handbook of Procedures 2015-20
- Paradip Port invites EoI for use of proposed industrial & multimodal logistics park
- Dachser Asia Pacific responds to volatile markets
- Nitin Gadkari to address London Stock Exchange on opportunities in India's infrastructure segment
- Pune Customs House Agents' Association hosts workshop on clearance & TFA
- Seminar elaborates on various aspects of GST
|MAY 11, 2017|
- "Deliver added value"
- Polish companies "rechristened"
- Mega trailers suitable for intermodal transport
- Transport of icebreaker engines completed
- Growing in Denmark and Finland
- Canadian railcar storage company opens terminal
- XPO names supply chain director in France
- Alta Gas and Vopak set up JV in Western Canada
- Toronto airport cuts noise with Blast Deflectors facility
- Future of Rotterdam port shuttle secured
- Three airlines sign up with WFS in North America
- Frankfurt chosen for new logistics centre
- First ever female pilot for Corpus Christi port
- HMM returns to Long Beach with new service
|MAY 10, 2017|
- Shipowners advise fleet upgrades for carbon reduction
- Project carriers step up transatlantic services
- Maersk's Q1 results to reveal progress in meeting goal of USD1 billion rise in profit
- Braemar confident strategy will bear fruit after difficult 2016-17
- Closure of HHI's Gunsan shipyard 'a betrayal'
- Low newbuilding prices stimulate VLCC orders
- Demolition sales slow as prices fall further
- Polaris Shipping scales down search for Stellar Daisy crew
- DHT execs explain board rejection of Frontline takeover offer
|MAY 10, 2017|
- Cargolux and Emirates unveil first freighter-bellyhold cargo alliance
- Shippers squeezing margins 'pushed carriers toward bigger ships and alliances'
- Yang Ming expected to remain in the red as industry confidence remains weak
- PODCAST: Behind the Flexport phenomenon; Ryan Petersen interviewed
- XPO strengthens sales management team in Europe
- Transport Logistic news: DP World unveils container tracking solution
- Dachser completes integration of Iberian subsidiary Azkar
- More vessels calling bring April boost for port of Long Beach
|MAY 10, 2017|
- CBP does a U turn on Jones Act letter revocations
- AWO approves LR to carry out RCP audits
- Former GDMA execs plead guilty in Fat Leonard bribery case
- Smit Lamnalco opts for KVH maritime solution
- Why a twisted tail could be an energy saver
- OSG reports "solid" first quarter
- University of Liege wins 2017 WFSA student ferry competition
|MAY 10, 2017|
- Panamax bulker earnings stabilise at lowest since beginning of March
Long tonnage lists in both basins and lower cargoes blamed for week-on-week drop
- Weak tanker rates prompt more period charter demand
Charterers seek to minimise exposure amid strengthening confidence over vessel demand
- DFDS profits spark full-year record hope
Ferry and ro-ro operator could improve on last year's all-time high profit, says Smedegaard
- Falmouth Docks shut down after crane collapse
No injuries were reported but the docks were evacuated as an investigation is expected
- Supreme Court quashes Gard appeal in landmark Ocean Victory case
'Abnormal occurrence' has plain English meaning in safe port warranties, Justices rule
- Chemical freight woes push Team Tankers and Navig8 into the red
Team Tankers looks to build fleet in this year's down cycle
- We've taken our nasty medicine, says Braemar's Kidwell
Rescaling the business has been tough but necessary in face of challenging conditions, says Braemar Shipping Services
- International Seaways to splash $30m in share repurchases
Tanker firm plans to grow and renew fleet simultaneously
- Abandoned crew seeking court help after fatality
Ten crew members remain in Romania claiming four months' unpaid wages after their master's death
- Bernhard Schulte Shipmanagement calls time on manned ships
Bob Maxwell pours cold water on rush to digitalisation while looking to move into offshore production and storage
- Chinese yards seek buyers for $20bn of abandoned offshore projects
Builders struggling to dispose of rigs and support vessels
- Kongsberg will have fully autonomous feedership in three years
Zero emissions feedership will hit Norwegian water in 2018, and herald move from road to maritime transport
- Asia-Europe traffic up 5.2% in first quarter
Strengthening European economy continues to drive westbound volumes, while eastbound traffic reached unprecedented levels
- Another Polaris ore carrier found with cracks
Stellar Queen anchored off Brazil as flag and class inspectors fly in to assess cracks found in deck plating
- The data path to safer, cleaner and leaner shipping
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- Shippers fear Yang Ming failure
Smaller forwarders in Asia are using other carriers where possible
- Shipping's 2017 earnings steady but downside risk high, Moody's says
Outlook remains subdued due to continuing vessel oversupply and depressed operating earnings
- South Korean yards scoop up $1bn VLCC orders
Reports name Frontline as one possible buyer with a total of 12 vessels in the works across Hyundai Heavy Industries and Samsung Heavy Industries
- 2017 - The year of the MRV
The European Union's regime for monitoring ships' CO2 emissions will affect the relationships between owners, managers, charterers, pool partners and others, but at what cost?
- Rickmers rescue deal could go either way
Plan would see owner lose over three quarters of his stake
|MAY 10, 2017|
- Breakbulk carriers seek to fill void left by Weco
- FMC's not seeing alliance collusion doesn't sate US suppliers
- Cargolux, Emirates SkyCargo form partnership
- Nippon Express reports record full-year profit
- DFDS profit up 10 percent on sea freight growth
- JNPT's speedy-import push has best month yet
- With DOJ block unlikely, J-3 may need to fast-track merger
|MAY 10, 2017|
- Seacor sets date for offshore vessel spinoff
Shareholders will receive a dividend on 1 June that will give them a nearly identical stake in Seacor Marine Holdings.
- Wilh Wilhelmsen profit slip 'not satisfactory'
But Thomas Wilhelmsen says the company is positioned for growth after recent moves.
- Ruling turns up heat for Swiss MPP sales
Former partner of SCL touted as possible buyer of fleet
- Genco pulls dry pool ships to grow in-house operation
Move comes as New York-listed shipowner parts with previous strategy and seeks to bolster commercial platform with focus on more voyage business
- US pulls plug on proposal to tighten Jones Act rules
Customs agency says measure to make it harder for foreign-flag offshore construction vessels to operate in US waters should be 'reconsidered'.
- Chilean Maritime snaps up Scorpio MR units
Chilean owner behind the purchase of two medium-range tankers
- Atlantis takes in tanker newbuild after 11-year wait
Order first inked in 2006 at claimed loss-making price with shipyard taken over by Yildirim Group led to legal dispute before steel could be moved elsewhere
- OSG in 'solid' quarter with US-flag focus
Tanker owner delivers profit in first quarter despite challenges in Jones Act market.
- International Seaways gears up to spend after expected profit dip
New York tanker owner authorises $30m share buyback programme and looks at tanker buys as it reports decline in quarterly profit.
- Hansson and son stock up on NAO shares
Family's holding in OSV specialist swells to 5.4% with one million shares added in two days.
- Braemar looks to institutions after retail therapy
James Kidwell says recovery story has put Braemar Shipping Services on the radar of new investors.
- Blue Water Shipping lands fourth Caspian contract
Latest deal takes contract tally with Tengizchevroil to $750m, representatives say.
- Troubled Polaris VLOC packed to the brim with Vale iron ore
Despite original reports that cracks were found before loading, satellite tracking data show a giant bulker picked up a cargo at Ponta da Madeira.
- IHC wins order from Dutch Dredging
Dutch yard to hand over another trailing suction hopper vessel to owner.
- Tanker experts weigh up 2017 VLCC order rush
Braemar's James Gundy and DHT's Svein Moxnes Harfjeld reflect on this year's spike in tanker orders.
- Boskalis projects weak first quarter result
Dutch dredging and offshore specialist set to feel pressure on profitability on the back of lower revenue.
- Fortuna FLNG signs up Gandria
Golar LNG has signed agreements for the conversion of its laid up LNG carrier Gandria (built 1977) to serve as the liquefaction unit for its 2.5-million tonne per annum floating LNG (FLNG) production project Fortuna FLNG off Equatorial Guinea. Main project developer Ophir Energy said the 126,000-cbm Gandria vessel, which is due to converted at Singapore's Keppel Shipyard, will be acquired by the
- Yang Ming: loans will be renewed
Relationship with lenders "going well", container line says.
- Drewry sees no crude recovery before 2020
Global shipping consultancy claims any market upturn will be determined by scrapping activity.
- Titagarh bags barge, research ship orders
Indian yard inks contracts worth $26m.
- Taiwan Navigation orders bulker double
Owner returning to Oshima in Japan for ultramax newbuildings.
- Daiichi wins landmark Ocean Victory case
Gard's claim rejected after grounding of bulker at Kashima in 2006.
- Uy plots upgrades, fuel deals after IPO
Philippines tycoon will unify his shipping empire following Manila listing.
- JMU teams up on SPB tanks for LNG fueling
Japanese shipbuilder Japan Marine United (JMU) has signed a cooperation agreement with engineering and production company for maritime and offshore aluminum structures Aluship Technology in Poland to build self-supporting prismatic-shape IMO type B (SPB) LNG cargo and bunker tanks. JMU, which is fitting the first SPB tanks to built in over 25 years on four LNG carriers constructed in Japan, said
- Showa Shell and Idemitsu Kosan merging VLCC fleets
Japanese refiners and shipowners form Brighter Energy Alliance to jointly operate 20 tankers as they pursue full merger.
- Merged WWL launches new payout policy
Oslo-listed company plans to distribute 30% to 50% of its after-tax profit to shareholders.
- Arkas Line reshapes Black Sea runs
Turkish owner reorganises after joint service ended with Seago.
- Yara set to build first autonomous vessel
Agriculture company targets reduction of diesel truck haulage with 100% electric feedership.
- TGS returns to profit as revenue jumps
Norwegian offshore charterer sitting on healthy cash pile after first quarter.
|MAY 10, 2017|
- Will South Carolina Gov. McMaster's veto stop bill to raise state gas tax?
South Carolina Gov. Henry McMaster vetoed a highway funding bill Tuesday that would increase the state's current 16.75-cent gas tax by 12 c...
- Amsterdam Airport Schiphol implements Compliance Checker tool
Amsterdam Airport Schiphol has implemented a new online compliance system as part of Schiphol's Smart Cargo Mainport Program, the airport s...
- KAMCO to take over 20 vessels owned by six carriers
South Korea's debt clearing house, Korea Asset Management Corp. (KAMCO), will sign a contract to acquire 20 container and bulk vessels wort...
- Emirates SkyCargo, Cargolux ink partnership in Munich
Emirates SkyCargo and Luxembourg-based Cargolux inked a memorandum of understanding (MoU) to cooperate on cargo airfreight services at the ...
- ICTSI earnings rise 23% in Q1
International Container Terminal Services, Inc. (ICTSI) posted net earnings of $42.2 million in the first quarter of 2017, an increase of 2...
- Kerry Logistics acquires majority stake in Tuvia Italia
Hong Kong-based third-party logistics provider Kerry Logistics Network Ltd.has signed an agreement for the acquisition of a majority stake ...
- XPO Logistics rebrands North American LTL business
Source: XPO Logistics The bulk of XPO Logistics, Inc.'s rebranding of its North American less-than-truckload business was completed in nine ...
|MAY 10, 2017|
- Global oil market seen tightening by 2020 as field declines accelerate
- Decline, depletion rates rising - Growing reliance on US shale - Refining issues with rise in light crudes
- US Customs withdraws proposal to tighten Jones Act, end exemptions
The agency proposed in January revoking decades of rulings allowing foreign-built vessels to transport certain equipment, such as repair pipe, between US ports and oil and natural gas operations in US waters.
- INTERVIEW: Oil prices set to recover in 2017 assuming OPEC cut rollover: IEA
- Oil supply deficit may grow sharply in H2 - Crude stocks likely to return to norms in 2017 - Short term oil demand unfazed by Trump, Brexit
- Oil jumps as EIA data shows crude draw above expectations
NYMEX June crude settled $1.45/b higher at $47.33/b. ICE July Brent rose $1.49 to settle at $50.22/b.
- Malta bunker operations disrupted by rough weather: Port authority
Rough weather has been disrupting the bunker market in Malta and more is likely to follow
- External: Global Risk Management
- Piraeus bunker fuel price hits multi-month low