|DECEMBER 11, 2017|
- Asia-Europe rate rises 3pc to US$751/TEU, down 17pc to US west coast
- CMA CGM ups Asia-east Africa rate US$250/TEU from January 1
- Hapag-Lloyd ups Asia - Oz rate US$300/TEU from January 15
- US east coast dockers break off dock talks over automation
- HKTDC's E-tailing Summit spells decline of brick and mortar world
- Yemeni civil war Saudi-backed offensive closes 6 ports and terminals
- China's SITC looks to purchase series of SE Asia logistics firms
- Forwarders flock to Sino International Conference, Shanghai
- Modest December cargoc growth expected at US ports: Port Tracker
- Mooring lines snap in windy Boston, setting 9,000-TEUer adrift
- Russian rail operator boosts rivalry on Asia-Russia rail routes
- Shell wins marine lubricants order for Cosco's 20,000 TEU ships
- JNPT to send cargo to Mumbai warehouses to cut costs, transit times
- Port of NY/NJ box volume up 9.2pc in October to 588,848 TEU
- Rising e-commerce demand supports growth of air cargo volumes
- Researchers renew fears of airport drone-jetliner collisions
- FedEx takes 50 new Cessna cargo planes from Witchita's Textron
|DECEMBER 10, 2017|
- CMA CGM premium service optimises CO2 emissions
- EC approves COSCO Shipping's purchase of OOIL
- Maersk Line completes divestment of Mercosul Line
- IPA conducts workshop on ease of doing business
- JNPT records 5.76 pc growth in container handling
- Major Ports register positive growth of 3.46 pc during April-Nov.
- V. O. Chidambaranar Port creates new single-day record in coal handling
- CBDT extends date for linking Aadhaar with PAN till March 31, 2018
- IMC asks Finance Minister to reduce corporate tax to 25 pc to create jobs
- Are you eligible for claiming the facility of Letter of Undertaking in place of Bond?
|DECEMBER 11, 2017|
- "The Brexit is infernal"
- Enhancing collaboration
- Continuous growth in China
- Liberia's seat on IMO Council confirmed
- Experimental delivery of 7,500 t of rail products
- New Year - new OOCL Japan-Vietnam service
- European airports: 6.2% more freight in October
- Efficient supply chain for fresh sandwiches
- New global IT head at Hellmann
- Jumbo plans to order HLCV in China
- Facelift for West African railway line
- Certificate confirms Bern airport is secure
- Consistency at the Bimco helm until 2022
- WCI down by 20% year-on-year, says Drewry
- Globaltranz still on expansion course
- New shuttle reinforces hinterland traffic
- More Chinese widebodies heading for "gold" coast
|DECEMBER 8, 2017|
- MACS and Hugo Stinnes merges breakbulk services
- Jumbo plans LNG-powered heavy-lift crane vessel
- Exmar raises cash through sale of FSRU stakes to Excelerate Energy
- Hanjin Shipping's ex-chairwoman Choi jailed for insider trading
- Hyundai Glovis seals oil shipping contract with GS Caltex
- Hyundai HI confirms VLCC orders from Sinokor
- Rotterdam port voices autonomous ship concerns
- SIMEC Group develops third-party shipping business
- KMTC joins peers in piloting blockchain technology
|DECEMBER 8, 2017|
- Shippers hit out at the 'paper chase' of too complex air cargo supply chains
- Container shipping rates in calmer waters as carriers look ahead to new contracts
- Early focus on securing enough air freight capacity pays off for Panalpina
- Bimco secures secretary general and CEO Angus Frew for five more years
- Bitcoin's role in logistics
- Surging online orders slow Walmart and UPS deliveries
- APMT launches improved cold chain transport for Nigerian farmers
|DECEMBER 8, 2017|
- U.K. MAIB releases report on dry cargo vessel explosion
- Chinese smart ship earns LR cyber notations
- First ABB Azipod D propulsion system now in operation
- David J. Keehan named President of Advanced Polymer Coatings
- MAN Diesel & Turbo signs key agreements at Marintec China
|DECEMBER 8, 2017|
- Xiaojie Zhang elected IMO Council chair
China's first elected chairman will run the council for two years
- Vale studies London listing
Brazilian mining giant wants more visibility
- Global box growth slowed in October
Latest monthly figures reveal only moderate increase in containerised trade, but full-year growth on course to hit 4%-5%
- Nigeria leads suezmax tanker rally as Opec exemption nears end
Uncertainty looms as major union threatens nationwide strike from December 18
- Brexit 'breakthrough' is just the beginning, maritime industry says
UK maritime bodies cautiously welcome progress towards the start of trade talks
- Cape rates to soften on falling iron ore price
Rally will slow but tight vessel supply will offer support to market, says Court Smith
- Aux armes: la révolution est en marche
Lloyd's List-hosted webinar hears a call to arms as the first shots are fired in a maritime revolution that will...
- Daily Briefing
Iran and Venezuela may face US sanctions in 2018, lawyers warn
- Oldendorff agrees purchase of four baby capes
Purchase brings Lubeck-based company's total to 10
- Top 10 flag states 2017
As we prepare to publish the annual Lloyd's List Top 100 most influential people in shipping, on December 15, we...
- Putting the pieces of the consolidation jigsaw together
The final pieces of the consolidation jigsaw are falling into place
- Slack season takes toll on transpacific rates
Spot freight rates slump to yearly lows as supply/demand gap widens
- PIL vessel escapes armed attack off Nigeria
Eight assailants failed to board containership
- Infographic: Outlook 2018 in numbers
Explore some of the numbers behind the analysis and forecasts for 2018, including infographics and interactive charts
- The numbers game
The shipping industry's idea of what constitutes safe manning levels has little consensus but it is more than a debate...
- Frew renews BIMCO role for further term
Environmental legislation 'top priority' as secretary-general lays out lobby group's direction
- Yang Ming completes $344m capital increase for 2017
Government increases its stake in the shipping line to 45.1%
- ReCAAP reports no crew kidnappings in Sulu-Celebes Sea hotspot last month
Total of nine reported incidents of piracy and armed robbery again vessels in the month compared with 12 a year...
- Globus Maritime narrows losses as dry bulk market trends higher
Voyage revenues up 58% for the third quarter
- South Korea eyes nine LNG carriers from domestic shipbuilders
Move comes as the ministry of strategy and finance anticipates a dismal 2018 for domestic shipbuilders
- WWL buys heavy equipment transportation company from private equity firm
Ro-ro carrier operator aims to enter US high and heavy equipment processing sector with the acquisition
- Exmar offloads FSRU stakes to Excelerate
Company to make a $90m gain from the deal
- Former Hanjin chairwoman jailed for insider trading
Seoul Southern District Court imposed on Choi Eun-young a $1.1m fine and asked her to return about $457,626 in transaction...
- Diana Shipping nets 30% rate rise for capesize charter to EGPN
Company expects to bring in $8.2m in gross revenue from the minimum employment duration
- Teekay Tankers appoints new chief financial officer
Stewart Andrade takes over from Vince Lok, who remains as parent Teekay Corporation's executive vice president and chief financial officer
|DECEMBER 8, 2017|
- Terminal consolidation comes to Brazil
- Yang Ming continues to raise capital
- US retailers expect slower import growth in 2018
- ELD mandate seen making US inventories 'stickier'
- Connectivity project to slash Bangladesh truck clearance times
- JNPT rail share drops despite government efforts
- Prince Rupert port aims for fluidity restoration in two weeks
- China-US West Coast rates slump to lowest level of the year
|DECEMBER 8, 2017|
- CMA CGM purchase of Maersk's Mercusol final
French conglomerate annexes boxship fleet owned by Brazilian subsidiary of its Danish rival.
- Quark hires travel pro for new executive role
Ed Bonner, previously in a leadership post with Worldwide Travel, becomes vice president of product for Seattle-based expedition operator.
- ASL Marine financier steps down
Head of corporate finance and treasury leaves to 'pursue other career opportunity,' Singapore shipbuilder says.
- New buyer moves for Taku ferry
Dubai group back for veteran US vessel after original bidder pulls out.
- First Steamship returns to profit
Taiwanese bulker owner benefits from higher revenue and lower costs.
- Hyundai Heavy clinches Sinokor VLCCs
Korean shipbuilder confirms two-ship contract with compatriot owner.
- 'High noon' for Baltic Exchange to upgrade VLGC market data
Owners believe bourse needs to act before rival data provider steps up to fill void.
- BPA: replicate Irish Brexit deal for UK ports
Ports association calls for UK-wide border solution as talks move on to trade.
- Respected tanker broker Mike Rudd leaves Braemar ACM
Product specialist has exited London-listed shipping services group.
- Owners fail in $100m Finnish fairway dues appeal
Finnish supreme court turns down claim from Tallink and others.
- LNG spot rates set for best quarter in three years
Spot rates for LNG carriers are set for their best quarter in three years after fighting back into the black, Credit Suisse. Rates have averaged $60,000 per day in the fourth quarter to date as the cycle looks to have finally turned, according to analyst Greg Lewis. This makes the ongoing quarter the strongest for the market since the last three months of 2014 when rates ran at over $70,000 per
- Samsung Heavy rating cut as stock continues to fall
Samsung Heavy Industries has had its long-term credit rating cut by Nice Investors Service. The Korean ratings agency dropped the Seoul-listed shipbuilder from A- to BBB+ and has the yard on review for further downgrades. It explained the revision comes amid concerns about future losses and intense competition at a time of unfavorable market conditions, Bloomberg reports. The downgrade was anno
- Oceanteam sells part of solutions business
Dutch owner to raise money through asset sale.
- Yang Ming completes $87m stock sale
Taiwanese owner banks cash as government backs it further.
- Oldendorff Carriers swoops for mini-cape quartet
German bulker giant Oldendorff Carriers has snapped up four mini capesize ships from the fleet of compatriot owner Hartmann Schiffahrt in a deal that shows a strong rise in bulker values this year. The Dayang built 118,000-dwt UBC Ottawa, UBC Odessa, UBC Olimbus and UBC Oristano (all built 2011) are believed to have been sold for $80m enbloc. Brokers point to the January sale of the 114,500-dwt
- Davie Shipyard lays off 281 workers
Canadian yard blames a lack of federal contracts for redundancies.
- Polarcus wins funding for Australian job
Middle East owner to carry out seismic work for four weeks.
- Ex-Hanjin boss jailed for insider trading
Choi Eun-young gets 18 months after selling shares just before company announced court-led restructuring.
- OOCL to launch Japan-Vietnam service in 2018
Hong Kong liner company to expand intra-Asia network with expansion of KTX routes.
- V.Ships seals second Pertamina FSO contract
Deal sees ship manager's offshore arm increases ties with Indonesia tanker giant.
|DECEMBER 8, 2017|
- NRF: Container imports at major U.S. ports hold strong in October
Ports covered by the Global Port Tracker are expected to collectively handle 20 million TEUs of imports for 2017, which would be a 6.4 perce...
- Commerce to issue countervailing duties on Argentine, Indonesian biodiesel
The International Trade Commission (ITC) in a 4-0 vote said U.S. biodiesel producers are harmed by imports of these same products from Arge...
- California wildfires shut down highways, destroy infrastructure
California Governor Edmund G. Brown issued an emergency proclamation on Tuesday for Ventura County due to the raging wildfires in Ventura C...
- Woodfield Distribution sets up shop in New Jersey
Woodfield Distribution, LLC, a pharmaceutical logistics provider headquartered in Boca Raton, Fla., has established a physical presence in ...
- Senators file NTSB reauthorization, reform legislation
The chairman and ranking member of the Senate Committee on Commerce, Science and Transportation, along with three other committee members, ...
- ITC: Canadian softwood lumber harms U.S. producers
The International Trade Commission (ITC) said U.S. softwood lumber producers are harmed by similar products from Canada, which are both sub...
- AAR: U.S. rail traffic rises 1.5% in November
Total combined U.S. carload and intermodal traffic in November 2017 ticked up 1.5 percent, or 38,587 carloads and intermodal units, from th...
- OOCL to introduce new Japan-Vietnam service
OOCL in early 2018 will introduce a new service between Japan and Vietnam, dubbed the KTX7, to expand its current service portfolio by prov...
- PANYNJ approves $3.2b for operations in 2018, $3.4b for capital projects
The Port Authority of New York and New Jersey (PANYNJ) on Dec. 7 officially adopted a 208 budget that includes $3.2 billion for ongoing ope...
|DECEMBER 8, 2017|
- Crude futures gain ground on Chinese oil imports, US jobs report
ICE February Brent rose $1.20 to $63.40/b Friday after Chinese data showed a surge in the country's crude oil imports, but an increase in the US oil rig count helped limit the upside for crude futures.
- Mexico's CNH approves Pemex plans to drill 30 exploratory wells
Mexico's National Hydrocarbon Commission late Thursday approved Pemex's plan to drill 30 wells across 22 blocks over the next two years with the expectation of incorporating 486 million barrels of oil equivalent into the state oil company's reserves.
- Russia plans 24 million mt in crude supply to Belarus in 2018
Russia plans to supply 24 million mt of crude, or 482,000 b/d, to Belarus next year under the indicative balance agreed earlier this year, Russia's deputy energy minister Kirill Molodtsov said.
- Low oil prices, competition from Brazil sink Pemex's Maximino-Nobilis farmout
Mexico's state Pemex blamed low oil prices and competition from Brazilian hydrocarbon auctions for the cancellation of its Maximino-Nobilis deepwater farmout, the company said Friday.
- European refinery margins bounce back for a cracking 2017
Following several years in the doldrums, European refineries in 2017 enjoyed a bumper year, thanks to strong margins across the barrel.
- Rotterdam bunkers market looks to higher demand amid falling feedstocks
The bunker market in Rotterdam should see rising demand in some areas in the run-up to the Christmas holidays, against the backdrop of falling high sulfur fuel oil, market sources said this week.
- Mediterranean bunkers look to shake off one-month lows amid rising demand
Bunker fuel prices at a number of ports in the Mediterranean have sunk to lows of four to six weeks on falling high sulfur fuel oil but this could change on the back of rising pre-Christmas demand from shippers, sources said.
- Istanbul bunker fuel premium to Novorossiisk at five-month low
Istanbul bunker fuel's premium to Novorossiisk has hit a five-month low, with prices being prioritized over volume of sales at the Russian port, sources said.
- Fuel oil stocks at ARA hub up to 1.182 million mt on slow demand: PJK
Fuel oil stocks at the Amsterdam-Rotterdam-Antwerp hub soared 225,000 mt in the week ended Wednesday to 1.182 million mt, according to PJK International data.
- External: Wired Bunkering
- FUTURES: Crude stable after overnight rise