|APRIL 20, 2017|
- HK up 17pc in March to 1.7 million TEU, S'pore by 6.7pc, Shanghai by 14pc
- APL to start China Australia Service, calling at Japanese, Korean ports
- Mega alliances up rates 10pc while independents only win 1pc hikes
- Maersk ups rate by US$125/TEU from US, Canada to West Africa June 1
- China trade surplus US$23.9 billion, beats street by $10 billion
- MSC alters Europe-Med service, adds Beirut and Naples skips Limassol
- China Merchants' completes takeover of forwarding giant Sinotrans
- Heavy swell, sand storms stop operations at Jeddah and Jubail ports
- Cargo risk at sea/port continues to rise in 2016, ship damage costs spike
- US transport creates 3,500 jobs in March, down from 8,100 in February
- Singapore to dredge West Jurong Channel from April 20 to June 30
- United posts 20.3 pc cargo growth in first quarter, sales rise 13.4pc
- Airbus is sued over 'questionable' sales tactics, export financing hits snag
- Delta records slight decline in cargo revenues and traffic
- IAG Cargo starts new freighter service from Madrid to Basel
|APRIL 19, 2017|
- JNPT/JNCH on the path of facilitating faster clearance of import containers
- Phase 1 of JN Port's mega fourth container terminal expected to be operational by end-2017
- Port of Antwerp gets off to strongest start ever
- Port of Los Angeles sees impressive throughput growth in March 2017
- V. O. Chidambaranar Port creates new record in single-day handling
- ACTL partners with Konoike Transport to form Trac1 Logistics
- Allcargo Logistics' Mundra CFS completes 10 years
- Cabinet approves signing of protocol between India & Portugal for avoidance of double taxation
- Significant export growth in March has given a boost to the sector & the economy as a whole, says FIEO President
|APRIL 20, 2017|
- Data platform connects already over 20,000 vehicles
- Data exchange when booking container shipments
- Vopak expanding at the port of Santos
- Des Moines to lose lots of jobs to Chicago Rockford
- Twice a week to Pordeone
- Increasing share of tank cars
- Good start to 2017 for the port of Antwerp
- Brussels welcomes more Qatar Cargo services
- Three to strengthen RoadOne's management team
- Switzerland: cargo transport boosts sales
- Veracruz on Grimaldi's agenda
- Offering services in Aberdeen
- SATS unveils e-commerce air hub
- Del Signore replaces Laura as Pangaea's CFO
|APRIL 19, 2017|
- Fredriksen makes last-ditch court bid to block DHT-BW tanker deal
- Decision-maker: Jorge Barakat, Panama Maritime Authority
- Chinese yards new shipbuilding orders dip 25.4% in Q1
- FSL Aframax employed through Teekay revenue-sharing agreement
- EMAS served USD195 million demand by China's ICBC
- Gulf ports set for consolidation, says Sohar CEO
- EU, Japan protest over DSME bailout
- Falling steel prices hit ship demolitions
- SM Line takes fleet to 30 with more ship purchases
- Listed bulker owners diverge on second-hand asset strategies
|APRIL 19, 2017|
- Princess pollution case whistleblower collects $1 million
- VIDEO: Tuco introduces fish farm cat
- Strong crude exports from North Sea, GOM
- Med's largest high-speed cat will debut in 2018
- Antifouling foul? More tin sneaks in
- Pipelay vessel snags long term charter from Petrobras
- LNG fueled ferries to have MAN Cryo fuel-gas supply systems
|APRIL 19, 2017|
- Slowing Chinese teapots demand threatens tanker rates
Independent players are to hit the brakes in crude buying this quarter
- Panamax bulkers reach $13,000 per day as congestion builds up off east Australia
Spot fixture seen at $25,000 per day from Brazil to China for iron ore shipment
- Let's get personal over pay
Words are wind. It is action we need over the UK's appalling gender pay gap, not more useless chatter
- Over one third of Southeast Asia's abducted seafarers still missing
ReCAAP continues to advise ships to re-route or exercise enhanced vigilance
- Yang Ming to add Southeast Asia-Australia service
New rotation will be carried out by eight midsize ships via a slot exchange co-operation
- VLCC earnings gain another $3,700 in one session
Owners turn even more bullish as Saudi and Iraqi cargoes for early May loading emerge
- CargoSphere boss says digital buzz kick-started by Maersk
Cloud-based freight rate platform sees interest from container lines for first time in 18 years of business
- Hyundai Heavy Industries reports strong recovery in new orders
South Korean shipbuilder sees market bottom and says a recovery is on the way
- Innovate to survive, advises Stena Bulk
Weak chemical and product tanker freight rates prompt action to stay ahead of the pack
- Analysts go 'all-in' on dry cargo
High hopes abound for the dry bulk sector, even if analysts cannot agree on why
- US maritime group backs plan to tighten Jones Act regime
Proposal by Customs and Border Protection aims to create more American jobs and reinforce national security
- Bahri plans to switch VLCC fleet to the Saudi flag by end-2017
Nineteen vessels out of 37 are already registered
- Euronav and ISM prepare to refloat tanker grounded off Indonesia
Diving survey is currently in progress
- Port of Antwerp's overall cargo volumes lifted by box throughput
Further gains in the first quarter offset by lower liquid bulk figures
- Seanergy Maritime charters out capesize bulker
Employment could bring in up to $10m in net revenue
- DSME head pledges to improve management and business processes
Remarks come after bondholders accept South Korean shipbuilder's debt restructuring terms
- FSL Trust aframax tanker employed under revenue sharing deal with Teekay
Tanker deal welcome following auditor scrutiny and executive departures from trust
|APRIL 19, 2017|
- TransFX wants to help shippers hedge against truck rate hikes
- Brazil takes first step toward privatizing port authorities
- Grimaldi adds Veracruz to trans-Atlantic ro-ro loop
- India looks to aid port development in Sri Lanka
- Detention-demurrage fight heats up for last word to FMC
- Fog, larger alliance ships cause massive Yangshan delays
- European 'digital' trains offer real-time container visibility
- Crowded Persian Gulf port market ripe for consolidation
|APRIL 19, 2017|
- Japan energy giant Jera gears up for US cargoes
Incoming player says it is considering trading its destination-free cargoes from 2018 and is open to working with all shipowners on future business
- Bimco cautions dry bulk optimism but positive on liner consolidation
Regional manager for Singapore says association is stepping up its activities in new outpost to reflect membership and development in the region
- Singapore Chamber broadens horizon
The Singapore Chamber of Maritime Arbitration (SCMA), which is well established with charter parties on Bimco forms, is keen to broaden the scope of its offerings and geography. Business development manager Patricia Chua says one of her major tasks is to educate the maritime community to be more specific when nominating Singapore as the seat of arbitration in contracts. The SCMA's attitude diffe
- Arbitration expects boost from third-party funding
Arbitration in Singapore is expected to be boosted by the advent of third-party funding. Parliament has passed an act permitting the practice, and maritime lawyers expect it to come into force in the next few months. "There have been cries for this, so I think it will take off," said maritime lawyer Felicia Tan of Incisive Law, a local firm that operates in partnership with Ince & Co. Third-par
- Arbitration gains ground in Singapore
Cases on rise from six recorded in 2009 to 46 last year
- Ince & Co Singapore expands into infrastructure
Infrastructure development in the frontier markets of Asia has led to greater demand for legal expertise in the field. Law firm Ince & Co has begun targeting this market out of its Singapore office with the appointment of an expert in projects and maritime infrastructure. Transactional lawyer Ton van den Bosch has joined after several years as general counsel for Philippines-based International
- Doyen of Singapore maritime law busy as ever
When Dato Jude Benny - arguably Singapore's most high-profile shipping lawyer - announced in 2013 that he was stepping down after 25 years at the helm of Joseph Tan Jude Benny (JTJB), many people thought the move was a precursor to retirement. Nothing could have been further from the truth. "Rumours of my impending retirement have been greatly exaggerated," said the legendary lawyer when TradeWi
- Debt-collecting exercises run law firms off their feet
Perception that lawyers make money when times are tough appears to be holding true in Singapore
- Shipmanager Bernhard Schulte sets sights on offshore sector
One of the worst-performing areas of shipping could turn out to be a revenue generator with its sights set on FPSO and FSRU projects
- Oil and gas downturn hits demand for project cargoships
Wind energy sector fills some of the void left in Asia by struggling offshore industry
- Golden Stena Weco eyes expansion in chem-tank trades
Singapore-based player sees opportunities to acquire tonnage if sluggish freight market and vessel oversupply persist
- Sembcorp plans ahead with skills upgrade and acquisitions
While Sembcorp Marine has been consolidating its capacity, it is making use of the downturn to secure a stronger future by boosting its capabilities, especially on the gas side. As part of a workforce consolidation exercise, Sembcorp Marine has been reallocating excess manpower from drilling to non-drilling work. Engineering capabilities for new sectors it is branching into are being enhanced wit
- Sembcorp Marine readies for market upturn
Singaporean shipyards have been in business for decades so are no strangers to market volatility. They face a prolonged downturn, but remain confident that business will improve in the medium to long term. Sembcorp Marine president and chief executive Wong Weng Sun believes that oil prices will eventually stabilise at a range that can support the growth of offshore projects. He points out that de
- Shipyards retrench in face of offshore woes
Singapore's two largest shipyard groups - Sembcorp Marine and Keppel Corp - have switched to survival mode as offshore downturn continues
- Players in local markets face tighter conditions
Regional areas served by Singapore's offshore hub have been raising the bar for shipowners, by strengthening cabotage rules to protect their own oil service companies. The island nation lacks its own offshore fields but this has not stopped it from building up the area's largest fleet of offshore support vessels (OSVs), with 449 ships flying the Singaporean flag. Singapore, and Southeast Asia in
- Crisis batters OSV hub
Dollar output of Singapore's offshore sector has almost halved over the past two years and the outlook remains bleak
- Q&A with CMA CGM veteran and APL chief executive
Nicolas Sartini discusses the challenges and changes implemented at Neptune Orient Lines' liner arm APL since taking the helm
- Lion City still roars despite setbacks
Protracted market downturn has done little to dampen Singapore's vibrancy as a leading global shipping hub with glimmers of optimism starting to emerge in some sectors
- Excelerate tightlipped as sales talk continues to swirl
There was only one question everyone wanted to ask the Excelerate Energy team on its stand at Gastech this month. Who is going to buy the company and when? Talk on the likely sale of the company by its loan shareholder - oil and gas magnate George Kaiser - started in 2015. But, in September last year, things got a little more serious when JP Morgan was appointed to oversee the process. Since th
- MPC Container Ships 'favours' Oslo for full listing
Executives say new boxship asset play company will join major exchange this year after $100m equity raise opens door to capital markets
- Shipping employers group claims success in piracy pay debate
IMCA says groups demonstrated that there is no need for more financial security for wages during hijackings.
- John Fredriksen drops legal bombshell in DHT takeover twist
Frontline takes legal action to blow up VLCC deal between two owners and force shareholders to consider its own takeover pitch.
- Diana Shipping linked to Foremost bulkers
Two post-panamaxes from Chao family-controlled company said to be part of Diana purchase.
- Solvang says Clipper offer not a fair value
Board of Oslo-listed gasship owner weighs in on tender offer made by Steensland family.
- Algoma and Nova seal short sea joint venture
A strategic partnership between Swiss and Canadian owners is ready to go to business.
- DryShips buys additional kamsarmax
Former United Ocean ship believed to be the latest heading for DryShips stable.
- Ferry group 2Go pushes up 2016 earnings
Philippines ro-pax owner benefits from logistics growth and cost efficiencies.
- Vigor buys drydock for $20m
US shipbuilder to tow new facility from South Korea.
- Siem Offshore books extra $60m loss
Owner updates annual figure due to currency hedging in Brazil.
- Doubt cast over Fincantieri's STX takeover
Talk of a challenge as Fincantieri chief executive Giuseppe Bono visits Saint Nazaire today
- Patient Diana wins applause for share sale
Analyst says $70m equity issue to back triple bulker buy has been done at above net asset value.
- Global Ports Holding set for London listing
Expanding Turkish cruise terminal operator eyes further expansion through $250m IPO.
- Gotland takes full control of tanker trio
Swedish owner buys out partner Laurin Maritime's 50% stake in MRs.
- Swiber unable to redeem $114.5m bond issue
Court-managed owner misses date for Singapore dollar issue.
- Essar Shipping cargo volume jumps 22%
Indian bulker and VLCC player benefits from doubling of coastal business.
- Algoma raises $20m from property sales
Canadian owner offloads office buildings and land to raise money for fleet renewal.
- Seafarers missing after Black Sea sinking
Ukraine-owned general cargoship splits in two 14 nautical miles off Russian coast.
- Korea Line books LNG pair at Samsung
Contract marks a change from the owner's previous preference in the LNG market.
- Russian region seeks two ferries
Arkhangelsk wants new additions to fleet this year.
|APRIL 19, 2017|
- AS survey on ocean carrier alliance changes
The consolidation from four ocean carrier alliances on major east-west trades into just three is sure to have a huge impact on the shipping ...
- AMP: Domestic shipping industry supports stricter Jones act enforcement
The American Maritime Partnership (AMP), the domestic shipping industry's primary trade organization, said Tuesday it strongly supports U.S...
- ATA: Truck tonnage index slips again in March
Domestic truck tonnage fell for the second straight month in March 2017, slipping 1 percent compared with the previous month, following a r...
- Sen. Schumer calls for crude stabilization mandate following CSX derailment
U.S. Senate Minority Leader Charles Schumer, D-N.Y., is calling on the Departments of Transportation (USDOT) and Department of Energy (DOE)...
- Siemens to launch global logistics headquarters in Dubai
German engineering and technology conglomerate Siemens plans to launch a global logistics headquarters in Dubai, including itsportfolio for...
- ACI: Airfreight volumes soar in February
Global airport cargo volumes surged 7.8 percent in February from a year prior,according to Airports Council International (ACI). The trade...
- Cathay boosts cargo volumes in March
Hong Kong-based airline Cathay Pacific and its wholly-owned subsidiary, Cathay Dragon, recorded a combined 15.4 percent year-over-year incr...
- IMF increases 2017 global growth forecast
The International Monetary Fund (IMF) is raising its outlook for the worldwide economy in the coming year. The IMF yesterday released its ...
|APRIL 19, 2017|
- Oil falls sharply after data shows US gasoline build
NYMEX May crude settled $1.97 lower Wednesday at $50.44/b. ICE June Brent settled down $1.96 at $52.93/b.
- US DATA: EIA says residual fuel oil stocks at lowest level since February
Domestic stocks ended the week at 38.784 million barrels, a draw of 1.361 million barrels from last week.
- HSFO Med-North jumps to three-week high despite feeble Med market
The spread hit minus $3.00/mt late Tuesday, a rise of $3.50 on the day, after reaching lows of minus $7.75/mt last week.
- Novorossiisk halts loading operations amid storm warning: port authority
The Russian port of Novorossiisk has issued a storm warning and halted loading and mooring operations at its Sheskharis oil terminal at 9 am local time (0700 GMT),
- REFINERY NEWS UPDATE: South Africa's Sapref to undergo maintenance from May 1
- External: Wired Bunkering
- TRADER NOTE: Fuel testing company VPS hires business development manager
Fuel testing company Veritas Petroleum Services (VPS) has hired Paul Parkinson as business development manager for oil condition monitoring
- Nordic Marine Oil adds new bunker barge at Skagen
The company has added the 3,824 dwt barge M/T Ristna to its fleet at the northern Danish port and the vessel is now operational
- TRADER NOTE: Executive director of fuel oil trading leaves Castleton Singapore
Grimm had been with the company since 2012.
- Royal Vopak expands terminal storage at Port of Santos, Brazil
The expansion will add 16 new tanks with a capacity of 61,000 cu m to the terminal.
- REFINERY NEWS: Canadian fuel retailer buys Chevron's 57,000 b/d refinery in BC
Alberta-based Parkland Fuel Corp. said late Tuesday it has signed a deal with Chevron Canada to buy the latter's 57,000 b/d refinery at Burnaby, British Columbia.
- OPEC hopes to convince more non-OPEC producers to cooperate in market management: Barkindo
All eyes on May 25 ministerial meeting in Vienna
- UAE talks up OPEC compliance based on own figures, says further cuts ahead
- UAE to average over 140,000 b/d in H1 cuts - Minister dismisses need for ADNOC IPO - UAE developing spare output capacity
- TANKERS: Port fees at Saudi Ras Tanura, Khafji to rise from May
The increase in the charge will see a VLCC pay $85,000 from the current rate of $30,000, according to a VLCC shipbroker.