|MARCH 20, 2017|
- Asia-Europe rate drops 4.7pc to US$819/TEU, off 6pc to USWC
- Fears of another Asia-Europe rates war with launch of mega alliances
- Cosco Shipping Ports' Feb throughput rises 6pc to 6.94m TEU
- Samsung Heavy Industries takes the title of building largest box ship
- MOL to levy US$1,000/TEU Asia-Mexico and WCSA rate hike April 1
- US imports at major box ports forecast to surge 7.4pc in first half 2017
- ICTSI, PSA inaugurate US$550m jv-terminal in Colombia
- ATI's Batangas terminal handled record 160,000 TEU in 2016
- IATA head calls on air freight industry to modernise
- Amazon sets sights on launching air cargo services in China
- Global Airfreight International gets IATA's CEIV certification
|MARCH 19, 2017|
- Altman Z: An indicator for determining the financial health of shipping companies
- Apollo LogiSolutions signs another MoU with PIL subsidiary Singamas
- MSC, Maersk Line & HMM officially launch strategic cooperation
- Nitin Gadkari congratulates SCI's female Master for exceptional bravery at sea
- Nitin Gadkari inaugurates cashless option for SCI employees
- Transworld Group & Suzue Corporation sign joint venture agreement
- China now a source for importing petrol & diesel
- Customs clearance on the basis of self-certified copies of PTA/FTA certificates in case of DPD/AEO clients
- Ministry of Shipping observing 'Swacchta' drive from March 16-31
- 3PL market to grow, outstripping $900 bn in 2020, says report
- Mumbai Int'l Airport earns CEIV Pharmaceutical certification
- Urbanpod, the first-of-its-kind 'Pod Hotel' launches in India, pioneering a new segment of 'smart hotels'
|MARCH 20, 2017|
- Youngest in the clan
- Entire fleet meets euro 6 standard
- PTC implementation steadily taking over
- New planning tool for Panama Canal
- Direct intermodal link from GB to North Europe
- Global Ports Investment introduces new CEO
- Hamburg Süd, HMM and 2M - strategic pact in 2017
- Mercator launches intelligent cargo ecosystem
- New trailers dedicated to pharmaceuticals
- Hub solution augments intermodal capacity
- EC imposes stiff fines on air cargo carriers
- US ports alarmed about 2018 fiscal budget
- Over 30 new members for Fiata in February
- Joint venture in Shanghai
|MARCH 17, 2017|
- Hapag-UASC merger delayed until May
- Spanish government to try again after losing parliament dock labour vote
- Mitsubishi HI to spin off shipbuilding business
- Japanese shipping lines rethink period charters
- US stresses armed guards in wake of Aris 13 attack
|MARCH 17, 2017|
- EC competition watchdog reimposes €776m fine for air cargo cartel carriers
- Asia-Europe shipping rates on the up, but it's too early to talk of a recovery
- The five key trade challenges for a post-Brexit Britain
- What yesteryear's air cargo market can teach us about today
- A focus on cargo partnerships for Etihad as Gulf competition takes off
- Fury Road: the driverless future - did Uber 'Google it'?
- Somali pirates release oil tanker and crew after first hijack for five years
|MARCH 17, 2017|
- Zukunft makes plea to fund USCG as an armed service
- Nigerian offshore fields to get two new Guardians
- VIDEO: Conrad delivers Vane asphalt barge
- Catamaran cleans fish farm nets
- DHT Holdings sells 2001-built VLCC
- OMB drops plan to cut Coast Guard budget
- Martek Marine to play major role in EMSA drone project
|MARCH 17, 2017|
- DSIC delivers a 5,000-cow livestock carrier
Vessel capable of carrying cattle from Australia to China converted from a 660 teu boxship
- US crude exports hit new record high
Destinations becoming more diverse, generating tanker tonne-miles
- DHT sells another old VLCC
Tanker owner's 2001-built DHT Ann sold at $24.8m
- Chemical carriers boosted by Chinese methanol demand
Size of ship deployed on the trade set to grow to feed methanol-to-olefins plants
- TEN eyes growth opportunities after solid 2016
Greece-based tanker owner turns attention to increasing employment coverage to add to current $1.4bn of contracts
- Hafnia Tankers 2016 profits collapse
Tonnage oversupply hits Danish product tanker firm's freight earnings
- China-Europe ocean freight contract prices surge an incredible 64%
Average long-term rates for June sailings are up almost two thirds compared with the same period last year, according to data from Xeneta
- Carriers' mid-March price push fails
Asia-Europe and transpacific rates continue journey south in absence of significant pick-up in trade post-Chinese New Year
- Hapag-Lloyd and UASC push back merger completion date
But transaction is not at risk, say carriers
- Global Ports box traffic down 19%
Sanctions and weak economic foundations take their toll on Russian terminal operator's liftings
- Tide Line takes advantage of low bulker prices
Small Greek owner acquires a sixth handysize vessel and is looking for further purchases
- Four crew dead from capsized vessel
Update: Turkish owner confirms four casualties and two crew still missing as general cargo ship rocked by bad weather off Libyan coast
- Greek dry bulk buys buoy fleet strength
Annual Greek Shipping Co-operation Committee survey finds the Greek-owned fleet grew again over the last year
- Spend it wisely
Owners wielding public money descend on New York, holding the market balance in their hands
- KDB picks private equity firm to buy DSME unit
Deal expected to be done by end-April
- Antwerp launches work to centralise services
Two floating docks to be brought in for $54m project to optimise maintenance routines and improve customer service
- Epic Gas to raise up to $40m through private placement
Shareholders have already committed to share purchases over $30m
- Diana extends charter with Nidera
Higher rate to bring in around $3m gross revenue for the minimum period
- Tanker hijackers release crew and quit vessel
Seafarers were spared physical harm during their four-day captivity
- This could be a year of bankruptcies offshore sector
Earlier assumption that impairments are largely done becomes unhinged as oil stockpiles soar
|MARCH 17, 2017|
- Market recovery gives solid lift to Cathay's February cargo volumes
- Legislative 'error' threatens US truck safety spend
- Trans-Pacific spot rates continue spring slide
- EU reimposes $830 million air cargo cartel fines
- SM Line buys intra-Asia slots to India
- Nagoya, Yokkaichi ports reorganize, aim at Busan
- Bahri seeks to build US Gulf project business
- Hapag-Lloyd: UASC merger delay won't impact THE Alliance
- Russia's Global Ports swings to loss, traffic slumps
- VIDEO: Risk mitigation critical post-Hanjin
- New agency could jump-start Brazil port concessions
- Long-term Asia-Europe contracts rates rocket
|MARCH 17, 2017|
- Clarksons share price hits all-time high
London-listed shipbroker's stock reaches previously uncharted levels in week its market value exceeded $1bn.
- VLGC rates firm on tighter ship supply
Rates for the Mideast-to-Asia voyage rise 13% for week as ships ballast west.
- Refinancing ahead as Teekay spinoffs face liquidity gap
Wells Fargo analyst says Teekay Offshore and Teekay LNG need more financial deals, but it's feasible.
- SCF stake could be sold in first half
Potential part-privatisation will not be before May, minister tells reporters.
- TEN earnings slump but beat expectations
Tanker owner sees declining revenue in fourth quarter. Nikolas Tsakos focuses on 'new phase'.
- Hapag-Lloyd/UASC merger held up
Banking approvals still needed for boxship tie-up, but deal not at risk.
- DHT Holdings confirms sale of VLCC
New York-listed owner extends fleet renewal process with exit of DHT Ann.
- Koch takes TEN and Alma tankers
Trader continues to pick up tankers on period deals, with Greek owners the latest to sign deals.
- SunStone strikes deal to build up to 10 expedition cruiseships
Framework agreement with China Merchant Industry Holdings includes four firm expedition ships and options for six more.
- Golar Partners finds period work for Grand
Nasdaq-listed owner seals charter of up to nine years for LNGC coming off hire.
- Lotos Shipyard wins bulker order
Russian shipbuilder clinches deal with Anship for Volga-Don vessel.
- Emas Offshore pair see contracts cut
Singaporean owner says charterer will have to pay up balance of contract after axe falls.
- Four PSVs booked on term deals
Island and Dof among owners finding period work for North Sea ships.
- Anchor-handler rates rising
Steady demand in the North Sea has pushed up earnings.
- Hafnia Tankers books profitable 2016
Danish products tanker specialist finishes financial year in the black despite weaker market.
- BHP strike blocks Chilean port
Workers at world's biggest copper mine halt shipments from Coloso.
- Pan Ocean picks off former Hanjin pair
South Korean owner believed to be the buyer of kamsarmax brace in $42m deal.
- Frontline in the money on DHT investment
While takeover advances have been knocked back, purchase of DHT shares is producing a decent return so far.
- Great Eastern snaps up supramax
Indian owner continues buying spree with raid on Japanese owner.
- Seven missing after cargoship sinks
Six crew rescued after Turkish vessel went down in bad weather off Libya.
- Mine kills Yemen coast guard officers
Eight others injured by explosion off port of Mokha.
- Rod Starr quits as Polarcus CEO
COO Duncan Eley replacing boss who led company through restructuring.
- Ezra woes holding back Triyards shares
Analyst downgrades view of Vietnam-based shipbuilder pending clarity on majority shareholder.
- Somali pirates release hijacked tanker
Unconfirmed reports say no ransom was paid for the vessel or its largely Sri Lankan crew.
- Pacific Drilling creditors propose debt-for-equity swap
Existing shareholders would be left with just a 2% stake in Idan Ofer-backed offshore driller.
- PIL set to move up a league as it joins 500,000-teu club
Teo Siong Seng laments poor year for sector which saw its "five weddings and a funeral".
|MARCH 17, 2017|
- essDOCS extends paperless trade offering with acquisition of eCertify
Malta-based paperless solutions provider essDOCS has acquired eCertify Pty Ltd, the inventor of the electronic Certificate of Origin (eCO)....
- Logistics group calls on Trump to nominate TSA administrator
The Airforwarders Association (AfA)on Thursday urged President Trump to nominate a new head for the Transportation Security Administration ...
- Former Trump NSC Advisor Flynn gave speech to Volga Dnepr
Michael Flynn, who was forced to resign as national security advisor for President Donald Trump over contacts with Russian officials before...
- FMC reviews 22 OTI license applications
The U.S. Federal Maritime Commission (FMC) has received 22 ocean transportation intermediary (OTI) license applications and changes for rev...
- Browz initiates compliance program for short line railroads
Contractor management services and compliance solutions company Browz has launched a SaaS-based solution to assist short line railroads in ...
- Somali Pirates release tanker, crew without ransom
Multiple press reports said Somali pirates who had seized the Aris 13 , a small bunkering tanker, on Mondayhave released the ship and its c...
- Los Angeles Port Police seize 500 pounds of marijuana
Source: Port of Los Angles CAPTION The Los Angeles Port Police seized roughly 500 pounds of marijuana in San Pedro Bay on Tuesday, accordin...
- SCPA records strong growth in container volumes
The South Carolina Ports Authority (SCPA) reported nearly nine percent fiscal year-over-year container volumes growth through February. SC...
- U.K. port volumes slide 3% in 2016
Major seaports in the United Kingdom saw full-year 2016 cargo volumes slip 3 percent to 473.5 million metric tons compared with the previou...
|MARCH 17, 2017|
- Callao, Peru MGO indications slump as much as $75/mt on arrival of fresh supply
Van Oil -- a physical supplier at Callao -- indicated MGO Friday at $725/mt delivered. A second supplier, Primax, indicated the same product at $740/mt.
- Russian river navigation season to open April 1
The season, which starts late March-early April, typically lasts until October-November, depending on weather conditions.
- Shipping industry likely to use gasoil from 2020: industry expert
Faced with so many choices, ship operators will go with a simpler solution.
- Bad weather thwarts Gibraltar bunkers' restart
Due to swell, bunker barges cannot deliver safely.
- FEATURE: Methanol's use as marine fuel to hinge on commercial aspects
The production cost of methanol is much higher than LNG but the distribution chain is much simpler and could spur its use
- Gibraltar bunker operations partially resume as weather eases
State of the sea is moderate or rough, becoming moderate, the port authority's website reported.
- Bunker tanker Aris 13 released by pirates, en route to Somali safe port
Four-day ordeal brought to close with the help of the Puntland Maritime Police Force.
- External: Wired Bunkering
- TANKERS: Growing global VLCC fleet depressing freight rates: MJLF's Smith
"It looks like we are entering a place in the tanker markets where the supply of tankers is more important than the supply of oil flowing."