|MAY 15, 2017|
- Asia-Europe rate falls 3.5pc to US$961/TEU, off 7.9pc to USWC
- OOCL launches world's largest containership - 21,413 TEU 'OOCL Hong Kong'
- World's largest boxships to call at Rotterdam in May and June
- HMM to acquire Hanjin's terminal in Spain for US$104m
- SM Line builds up fleet to 17 boxships in 'record time'
- Hapag-Lloyd Q1 net loss widens to US$68m on high fuel costs and low rates
- Meratus Line acquires its biggest boxships to date, a pair of 2,474 TEU-ers
- Norwegian firm plans to build electric-powered boxship to move fertilisers
- K+N bags deal to manage distribution for Toys'R'Us in north China
- CN's J J Ruest inducted into Maritime Hall of Fame
- Emirates and Cargolux to collaborate in Luxembourg market
- South London's airport sees cargo surge from long-haul routes
- CargoLogicAir takes delivery of third B747 freighter
- Yusen Logistics opens pharma gateway in Frankfurt to meet demand
|MAY 14, 2017|
- "K" Line Group reorganising ship management system for more secure services
- Amelioration of York-Antwerp Rules (YARs) 2016
- Call for less cash onboard vessels & embracing digital payments
- Chemicals & vegoils fleet to expand, says analysis
- OOCL reaches milestone with christening of massive 21,413-TEU vessel
- Seatech Shipping & Projects celebrating a decade of success
- Yang Ming's financial & operating performance improves significantly
- ZIM posts improved EBITDA & handles more container volumes in Q1 2017
- Multiple steel products hit by anti-dumping duty
- Air cargo volumes surge in March
- NHAI Masala Bond launched at London Stock Exchange
- Forex reserves on a new high
- Types of 'supply' under gst regime
- Impressive export growth in the last month of the year-Will it sustain?
- JBS Academy rolls out handy guidebooks for multitude of subjects in international logistics & trade
|MAY 15, 2017|
- Orientation towards the East
- Forwarder orders additional 200 semi-trailers
- Zim betters financial standing in Q1
- Partial automation for freight train assembly
- Intermarine expands Americas-Med services
- Dnata invests in Texas to launch US cargo operations
- Richardson stepping down as V.Group CEO
- Professional drivers and high-tech HGVs take to highway
- New app for carrying out operations digitally
- Revenue up, earnings down at Hapag-Lloyd
- Merging air and ocean freight business
- Port of Antwerp adds links to Central Europe
- Inception of new independent GSA network
- New traction for freight transport in Europe
|MAY 12, 2017|
- US-China trade détente sparks hopes for LNG shipping
- 'K' Line ship-management arms to merge
- London marine business grows but threats are emerging
- Low claims and strong investments lift P&I clubs
- Fincantieri signs deals for up to 19 cruise ships in Q1
- Scandinavian chemical carrier owners look to future expansion
- Hapag-Lloyd avoids operating loss
- New China FTZs unlikely to boost flagging regions, says senior China economist
- Pan Ocean's Q1 profit drops 55% to USD27.6 million
- Global ports support ambitious IMO greenhouse gas strategy
- Weak demand and rates keep Singapore offshore mired in red ink
- Farage tells London insurers to 'get over' Brexit
- Lower first-quarter earnings keep VARD in the red
- Epic Gas narrows Q1 2017 losses to USD3.4 million on better rates
- DSME rewrites eight years of financial statements
- Japanese yards' profits mask shipbuilding losses
- HMM to buy Hanjin Shipping's Algeciras terminal
|MAY 12, 2017|
- Losing interest in freight? No, says Air France-KLM, we are investing in it
- Bigger box ships calling at fewer ports puts serious pressure on hinterland connections
- Rhenus Logistics unveils ambitious plans for global expansion
- As rates decline, box carriers announce price hikes - but will they hold?
- Hapag-Lloyd sails back into the red as rising costs bite
- Freighter operators flee Brussels over noise fine threat
- Emirates sees profits slump and cargo revenue decline
- Jouke Schaap appointed new head of Peel Ports' container operation
|MAY 12, 2017|
- New test bed boosts Cat's LNG R&D
- Maryland gives offshore wind a boost
- U.K. Chamber of Shipping applauds CPB Jones Act U turn
- TEN reports profitable first quarter
- Blue Water Shipping wins new Kazakhstan contract
- Moran's Tregurtha is new AWO Chairman
- Tidewater to file for Chapter 11 bankruptcy
|MAY 12, 2017|
- Cosco Shipping Energy Transportation mulls large tanker orders
We are studying but nothing has been decided yet, says CSET president
- Industry in the dark as Spanish port reforms move forward
Countdown for Spanish government to sway parliament begins as trade unions warn of future strikes
- Euroseas trims losses as it hunts further vessel buys
Greek owner keen on using stock for deals either large or small
- Investment returns and claims climate boost P&I club results
Skuld, Britannia, Gard and Steamship all book improved 2016 performances
- TEN cites high charter cover in profitable quarter
Solid results achieved despite 'challenging' market but Greek owner expects rates market uplift
- Global Ports IPO lands £154.5m public offering
Global Ports Holdings remains majority shareholder as listing launches at £0.74 and unconditional trading begins May 17
- Triple whammy for box lines as congestion spreads through networks
Phase-in of new alliances, severe weather and cargo surge combine to worsen delays as ripple effect hits schedules
- New era beckons as Euronav VLCC is first to load US oil
Vessel will load crude at Corpus Christi port in 10 days, breaking new ground
- From hype to reality
Lloyd's List is set to cut through the digital cloud at Nor-Shipping to establish the real business impacts of the latest wave of technologies
- V.Group hires former Maersk boss as interim chief
Clive Richardson to depart after six years with a replacement expected in the fourth quarter
- Evergreen Marine profit lifts it to top of Taiwan boxship big three
Company returns to the black with first-quarter $5.6m
- HHI union and management deadlocked over wage talks
A year of negotiation covering 78 meetings has still not produced agreement
- Westports container volumes to peak in second quarter, analyst says
Volume loss from CMA CGM and UASC in second half will be partly offset by more demand from Cosco, OOCL and Evergreen
- HMM to sign deal on Monday to acquire Hanjin's Spanish terminal
Total Terminal International Algeciras to be bought for $104m after regulatory conditions are satisfied
- Hapag-Lloyd net loss rises in first quarter
Updated: Haben Jansen 'cautiously optimistic' on 2017 outlook
- Keppel O&M to build up to four boxships for Pasha Hawaii
Vessel deliveries expected over the first and third quarters of 2020
- Cruiseship demand continues to drive Fincantieri's revenue growth
Shipbuilder has inked agreements for up to 19 vessels so far this year
- Increased vessel speeds will cap dry bulk freight rates
Rates to improve over the next 12-18 months, says Pioneer Marine head Pankaj Khanna
- New Navios container 'growth vehicle' eyes Norwegian OTC listing
Boxship entity to raise $75m in equity to fund 14-vessel Rickmers Trust fleet and further acquisitions
- Maersk mulls single bottom line for Transport and Logistics division
Danish group questions need for separate profit and loss figures for its companies as integration progressess
|MAY 12, 2017|
- With next-day delivery, Flexe thinks outside the big box
- Trans-Pac spot rates fall for second straight week
- 13,000-TEU ships to be new workhorses on Asia-US trades
- Mammoet expands heavy haul coverage in US Northeast
- Gothenburg dockworkers to vote on APMT lockout
- Hapag-Lloyd loss widens on bunker surge, rate dip
- HHLA profit, traffic jump
- Hazardous loads banned at India's biggest inland port
- Economist skeptical new Chinese FTZs will spur intended growth
- Asia-Europe spot rates slide ahead of May 15 increases
|MAY 12, 2017|
- Keith Denholm exits Castleton Commodities
Keith Denholm, Castleton Commodities International's top shipping man, has left, according to an update to his LinkedIn profile. The managing director had spent five years and nine months as head of freight trading at the Connecticut trader, which was previously known as Louis Dreyfus Highbridge Energy. Denholm and a Castleton spokesman could not be immediately reached for comment, and details o
- DHT Holdings 'firing on all cylinders'
Executives continue to talk expansion in shareholder letter out of the NAT play book.
- Pittas sees 'modest' pace of rebound as Euroseas trims loss
New York-listed bulker and containership owner's chief executive still looking for opportunities for growth.
- Finance strong as Clarksons makes 'encouraging' start
Upturn in capital markets activity continues to aid London-listed shipbroking giant.
- TEN says it will 'hit full throttle' in 2017
Owner looks forward to final newbuildings after strong first quarter performance.
- Clarksons: GulfMark should not fear the reaper
Analyst believes there is plenty of upside when OSV owner emerges from bankruptcy restructuring.
- Yara set to build first autonomous vessel
Agriculture company targets reduction of diesel truck haulage with 100% electric feedership.
- Korea's SK Shipping eyes IPO
Tanker, bulker and LNGC owner plots listing within five years, report claims.
- Hapag pays juicy rate for Capital ship
Evangelos Marinakis has successfully completed the acquisition of five neo-panamax boxships previously in the Hanjin Shipping fleet and has already fixed the first to Hapag-Lloyd at a juicy rate. Market sources say the 9,954-teu Athenian (ex-Hanjin China, built 2011) has been fixed by Hapag-Lloyd for four to six months at $33,000 per day. The deal provides further evidence of the ongoing resurgen
- Roth returns for more Songa Bulk stock
Director adds shares worth around $1m in Herman Billung-led bulker asset play.
- Ancora snaps up Marenave tanker
Greek owner keeps expanding its fleet through deal with restructuring German company.
- Banks move in as Tidewater agrees bankruptcy deal
US offshore giant reaches agreement with creditors to restructure finances and wipe out $1.6bn of debt.
- Saudis aim to recapture key Yemeni port
Coalition to launch attack on Houthi rebels in Hodeidah.
- Global Ports starts trading in London
Expanding cruise port operator enters new chapter as a listed company and eyes further growth.
- Fjord1 continues to increase profit
Norwegian ferry group made $11m in the first quarter.
- Titagarh bags barge, research ship orders
Indian yard inks contracts worth $26m.
- Bulker attack thwarted off Iran
Evasive moves deter three skiffs and mothership off Bandar-e-Jask.
- Kyoei Tanker posts drop in earnings
Japanese VLCC owner weaker in year to 31 March despite a rise in revenue.
- Namura Shipbuilding falls into the red
Japanese shipbuilder clocks up full year loss with more to follow in the coming 12 months.
- Fincantieri on the rise thanks to order frenzy
Italian shipbuilder pushes up its first-quarter revenue and plans to hire 400 more people in Italy.
- Hapag focuses on UASC merger as loss widens
A sharp increase in bunker prices offsets boxship rates recovery for German owner.
- Marenave plots new fleet as car carrier sold
German owner continues disposals as it refinances with Offen Group cash.
- Dof Subsea charts return course to Oslo Stock Exchange
Almost a decade after being taken private the company is eyeing a new listing.
- Ezion Holdings falls to $12m loss
Singapore offshore operator hit by falling revenue in first quarter.
- K Line merging shipmanagement arms
Japanese owner bringing together car carrier and bulker operations.
- Bonheur eyes bond sale as it posts loss
Fred Olsen holding company to tap Oslo market for fresh funds.
- Angelicoussis VLCCs secure refund guarantees
Agreement by DSME's largest creditor ends stand-off that threatened newbuilding order.
- Expanded fleet helps trim losses at Pioneer
Pankaj Khanna-led owner says fixtures are now profitable, not just cash flow positive.
- Vard Holdings slips to first quarter loss
Singapore-listed shipbuilder hurt by weaker revenues, but insists improvements are on track.
- Maersk drops heavy fuel oil alternative
Danish container behemoth says it will stick with low-sulphur fuel to meet IMO 2020 deadline.
|MAY 12, 2017|
- Panama Canal transits up 7% in April
The Panama Canal in April 2017 saw vessel transits increase 7 percent to 1,016 ships compared with the same 2016 period, according to the l...
- Executive Moves: Peel Ports, V. Group, AWO, IARW and WFLO
Source: Pressmaster/Shutterstock Peel Ports, V. Group, the American Waterways Operators, the International Association of Refrigerated Wareh...
- Hapag-Lloyd sinks deeper into the red
Hapag-Lloyd, Germany's largest container shipping company, recorded a net loss of 62.1 million euros (U.S. $67.9 million) for the first qua...
- Oakland volumes grow 4% in April
The Port of Oakland's terminals handled 196,247 TEUs of containerized cargo in April 2017, 4 percent more than in the same 2016 period. Th...
- Schneider profits drop 20% in Q1
Schneider National, Inc. reported a profit of $22.6 million in the first quarter that ended March 31, 19.8 percent less than the $28.1 mill...
- Virginia box volumes up 4.6% in April
Port of Virginia terminals handled 225,196 TEUs of containerized cargo in April 2017, 4.6 percent more than in the same month a year ago, a...
- Uber hits speed bump in European Union
Uber Technolgoies Inc. suffered a legal setback in the European Union in its fight against being regulated as a traditional taxi service. ...
- Spot rates slip on major trades
The Shanghai Shipping Exchange's Shanghai Containerized Freight Index fell 3.3 percent since last Friday's reading of 894.43 to a reading o...
- Amazon sued for 'bullying' carriers, unpaid fees
Less than truckload (LTL) carrier Central Freight Lines is suing e-commerce giant Amazon.com Inc. for unfair contract terms and outstanding...
|MAY 12, 2017|
- TANKERS: Baltic-UKC Aframax route hits 8-month low on weak demand
The Baltic-UKC Aframax route, basis 100,000 mt, was assessed by S&P Global Platts at $4.75/mt on Thursday, the lowest since the route was assessed at $4.59/mt on September 5 last year.
- ANALYSIS: OPEC contends with data cacophony as it reviews output cut
- OPEC juggles uncertainty on US output, global demand - Libya, Nigeria recoveries could complicate picture - Cut rollover expected, but winter meeting
- Gibraltar sees slight bunkering delays amid high demand
The Mediterranean bunkering hub of Gibraltar is seeing small queues for the third day running, amid high levels of demand.
- REFINERY NEWS: Maintenance works ongoing at Total's Leuna refinery: traders
- INTERVIEW: India's Adani Bunkering targets 1.5 mil mt of sales in 2018
Adani plans to charter more bunker barges too.
- External: Wired Bunkering
- FUTURES: Crude steady in Asia amid lack of fresh market cues
- OPEC admits collective effort still required for market rebalancing
- Revises up 2017 non-OPEC supply on US, Brazil growth - OPEC produces below 32.5 mil b/d ceiling for first time - Saudi Apr output rises to 9.946 mil b/d - Iraq, UAE remain non-compliant - Analysts expect production cut rollover at May 25 meeting