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31 March 2020 The on-line newspaper devoted to the world of transports 14:42 GMT+2

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Sched Netweb site
NOVEMBER 23, 2017
  • OOCL takes delivery of fifth 21,413TEU boxship, the OOCL Scandinavia
  • Ocean carriers fared better financially in Q3 over 2016-Q3, except HMM
  • Maersk urges shipping industry to ramp up efforts to cut CO2 emissions
  • Port of Long Beach gets US$2.4m government pollution reduction grant
  • US agriculture exports reach US$140.5b in FY 2017
  • Brazil's Santos port badly hit by 4-week old customs strike
  • Dredging of Bangaldesh's Mongla port to ease congestion at Chittagong
  • Smugglers take sea route to bring gold into India
  • Boeing, boeing, gone! Jade Cargo's 2 B747Fs sold online to SF Express
  • E-commerce drives up air cargo demand, leading to tight space, higher rates
  • DHL Express to raise US rates by 4.9pc from January 2018

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Exim Indiaweb site
NOVEMBER 22, 2017
  • All personnel rescued from Offshore Support Vessel that sank off Mumbai
  • Transliner Group makes its mark in providing varied, efficient & cost-effective logistics solutions across geographies
  • Antwerp Port Authority acquires NMP pipeline company
  • JNPT welcomes Port of Antwerp delegation
  • 'Logistics sector getting infrastructure status will drive the revolution of the segment in India'
  • London P&I Club cautions on excessive position-fixing intervals
  • CAI estimates cotton crop for 2017-18 crop year at 375 lakh bales
  • Bengal Chamber holds instructive conclave on changing scenario of Indian ports
  • DCCAA AGM elects new Managing Committee; PS Atree re-elected President for 2017-19
  • JBS Group moves to Logi-Sys Enterprise to back its business growth plans

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International Transport Journalweb site
NOVEMBER 23, 2017
  • Bridge reconstruction to boost railfreight transport
  • Basel airport achieves Iata Ceiv Pharma certification
  • First intermodal TIR operation saves five days
  • Globelink Unimar nets forwarding award
  • Azerbaijan Caspian Shipping beyond home waters
  • Lessons from Rastatt
  • Money back after failure to deliver
  • Giant power plant on distribution centre rooftop
  • Reinforcement for AAL in Canada
  • Hapag-Lloyd banking on more reefers
  • Hactl sets three records in November
  • Militzer & Münch and Italmondo team up
  • Ceva combines COO responsibilities
  • Port of Oakland looks back on strong peak season
  • More trains on Chengdu-Tilburg-Rotterdam corridor
  • New heights for Emirates Skycargo

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IHS Maritimeweb site
NOVEMBER 22, 2017
  • Tracking down subsea mineral benefits
  • How 2017 shaped up for dredging and port construction
  • Competition heats up in ballast water treatment system business
  • Fix position more often to avoid costly claims, warns London P&I
  • New jackup rig owner Borr Drilling upbeat on outlook
  • Hackers took 'full control' of container ship's navigation systems for 10 hours
  • MPC Container Ships launches USD200 million capital boost
  • Frontline reports Q3 loss as tonnage inflow offsets strong demand
  • Container ships scrapped as prices rebound in India

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The Loadstarweb site
NOVEMBER 22, 2017
  • Schiphol struggles for slot shortage solution as cargo flies out and deadline looms
  • Korea's HMM and SM Line brave choppy water in Q3, but are making headway
  • A shortage of trained personnel will fuel UK's post-Brexit customs crisis'
  • Analysis: Waberer's looks an appealing takeover target for road rivals
  • Ethiopia in bid to fashion a new industrial future in garment exports
  • CEVA promotes Jérôme Lorrain as Helmut Kaspers moves on
  • Cargolux staff get €5,000 bonus after a good year for the carrier
  • Has Walmart finally figured out China?

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Marine Logweb site
NOVEMBER 22, 2017
  • New U.S. sanctions target North Korean shipping
  • BAE Systems gets $8.8 million for amphibious ship work
  • Navy hospital ship returns from Puerto Rico
  • First dual-fuel ferry built in U.K. launched by FMEL

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Lloyd's Listweb site
NOVEMBER 22, 2017
  • StealthGas's operating results improve as spot rates rise
    Greek owner of small-sized LPG tankers sells aged ships to shrink operating cost base
  • Investment guru Geck-Schlich to switch to ER Schiffahrt
    Claus-Peter Offen expresses regret at loss of star hire
  • LPG: Light at the end of tunnel
    Freight improvement on the cards as demand and supply rebalance
  • Sovcomflot's Nikitin appeal thrown out by UK court
    Update: Sovcomflot to seek permission to appeal the appeal
  • Daily Briefing
    LNG: Sweet mix of supply-demand fundamentals
  • Damco's first China-Europe block train arrives in France
    Maersk subsidiary to expand service following successful launch for Decathlon
  • MPC Container Ships looks to raise up to $200m from private share placement
    Company to use net proceeds for further vessel acquisitions and general corporate purposes
  • Frontline reports $24m third quarter loss as weaker rates bite
    Tanker company blames weak rates on significant fleet growth, and loss on Front Ardenne charter termination
  • US unveils more sanctions against North Korea
    Measures target Chinese firms and individuals as well as North Korean shipping and trading firms and ships
  • European shipbuilders need concerted approach to fend off competition
    European yards building higher-end vessels to face more pressure as Asian competitors try to muscle in, says European Commission report
  • China's winter LNG demand to support spot rates for gas carriers
    Gas demand could rise by 23bn cu m this year compared with previous winters, Wood Mackenzie estimates
  • Crude tanker rates could fall amid slowing oil demand and China stocking activity
    Drewry's view comes even as crude tanker capacity growth is likely to be lower in 2018
  • KDB to issue refund guarantees for STX Offshore's latest orders
    Policy bank's move comes amid protests from local politicians and civil groups urging KDB to issue guarantees
  • Sungdong Shipbuilding union calls on Seoul to help small and medium-sized yards
    Move comes amid reports that creditors said it would be more profitable to close SSME
  • Dryships losses widen in third quarter
    Result comes amid higher depreciation, vessel operating expenses, voyage expenses, interest and finance costs and loss on private placement

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The Journal of Commerceweb site
NOVEMBER 22, 2017
  • Thanksgiving marks escalation of LA-LB trucker fees
  • Smooth sailing for NY-NJ's first 14,000-TEU service call
  • Brexit casts shadow over booming European air cargo
  • Novorossiysk expands in effort to become Black Sea hub
  • Maersk shifting calls to lift APM Terminals Pipavav volume

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TradeWindsweb site
NOVEMBER 22, 2017
  • Q Investments emerges with GulfMark stake
    Private investment fund acquired stake through debt-for-equity swap and through backstop agreement.
  • Nordea offers AT1 debt at 'lowest coupon ever'
    The Stockholm-based bank's additional tier 1 bond was oversubscribed by seven times.
  • Ridgebury Tankers buys Euronav VLCC
    Company to make debut in Tankers International pool with latest purchase
  • Atlantic gives upside to capesize rates
    Tighter dry bulk supply in the Atlantic and better coal demand stoking capesizes.
  • StealthGas meets consensus amid higher revenue
    Athens-based LPG carrier owner hopes to further improve performance in 'promising' market.
  • Macleod trumpets consolidation and sees 2018 tipping point for tanker crude market
    Frontline Management chief bangs M&A drum as he looks for demolition to drive recovery.
  • Viking Supply delays third quarter report
    Sveaas-backed owner still in talks with banks on restructuring.
  • De Beers orders biggest mining ship for $142m
    Diamond company returns to Kleven Verft in Norway for new vessel.
  • Daus-Petersen ousted at Marenave
    Ernst Russ-dominated board promotes commercial manager Bernd Raddatz to oversee rebuilding of the fleet.
  • Leif Hoegh buys more of Hoegh LNG
    Family holding company spends $2m on edging up shareholding.
  • Hapag ship skips call after double delay
    Balao hit by engine trouble and strike action in Australia.
  • Nordic Shipholding lowers estimates for full-year
    Move comes at a time when the owner is looking at higher spot exposure.
  • Ship Finance dividend maintained despite Seadrill filing
    Fredriksen company keeps payout in line as it it posts profitable third quarter.
  • Owners warned over position-fixing intervals
    London P&I Club says groundings caused by lax navigation practices.
  • Milaha launches Sri Lanka feeder run
    Qatar owner linking Colombo to Chittagong in Bangladesh.
  • US slaps sanctions on 20 N Korean ships
    Six owners' tankers, cargoships accused of illegal ship-to-ship transfers.
  • Newcomer ZTT orders heavy-lift ship
    Cable systems group picks CMHI for first vessel order.
  • Aspo refinances $23.5m of debt
    Owner of bulker company ESL taps Nordea for fresh facility.
  • Frontline third quarter loss deeper than forecast by analysts
    Tanker owner slips below consensus expectations and spells out profit on DHT selldown.
  • MPC Container Ships tries for another $200m share sale
    Expanding Oslo-listed owner close to buying "significant number" of feederships.
  • Loss grows at Borr Drilling
    Troim-backed owner targets further buys as Nigeria project delayed.
  • Crew rescued after SCI anchor-handler sinks
    Managing director says engine-room leak possible cause of loss of modern vessel off Mumbai.
  • BW Offshore extends FPSO deal
    Oslo-listed owner keeps Umuroa in New Zealand for another year.
  • BNP Paribas lowers risk costs to $784m
    French bank says figure was at low level of 0.36% of loans in third quarter.
  • Pacific Radiance to meet bondholders
    Singapore offshore vessel operator set to update investors on restructuring efforts.
  • Drewry: Teekay Tankers set for more asset disposals
    Tanker giant's cash-in-hand and operational cash inflow "insufficient to meet obligations".
  • LR2 gasoil trade in Far East may wind down
    Asian energy trader linked to series of clean tanker fixtures may now face where to actually discharge cargoes.
  • Ezion Holdings bond overhaul wins praise
    Restructuring effort described as "best practice worth following" by investor association.
  • Pan Ocean targets Southeast Asian grain trades
    Restructured South Korean shipowner looks to expand footprint beyond domestic market.

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American Shipperweb site
NOVEMBER 22, 2017
  • Eimskip Q3 earnings sink amid higher revenues
    Icelandic shipping company Eimskip reported net earnings of 8.8 million euros (U.S. $10.4 million) for the third quarter of 2017, falling 6...
  • Milaha lunches feeder service between Sri Lanka, Bangladesh
    Qatar-based maritime transport and logistics conglomerate Milaha is launching a direct feeder service between Sri Lanka and Bangladesh, the...
  • CMA CGM: Four ships currently under construction will be French-flagged
    French container carrier CMA CGM said Nov. 21 that it's future flagship, a 20,600-TEU container vessel, will be named CMA CGM Antoine de Sa...
  • Port of Vancouver USA approves $68.5m 2018 budget
    The Port of Vancouver USA's board of commissioners has unanimously approved a $68.5 million 2018 budget for the port, $16.7 million lower t...
  • Intermodal rates inch up in October
    North American intermodal rates in October inched up 1.9 percent from 12 months prior, according to the latest Cass Intermodal Price Index,...
  • ATA: Truck tonnage ticks up 3.3% in October
    Domestic truck tonnage in October ticked up 3.3 percent from the previous month, following a 1.9 percent monthly decline in September, acco...
  • Antwerp Port Authority acquires pipeline operator in $51.7m deal
    The Antwerp Port Authority will acquire pipeline operator Nationale Maatschappij der Pijpleidingen (NMP) from its current shareholders, Ack...
  • NRF: Organized retail crime continues to grow
    Organized retail crime is on the rise, according to the NRF. Organized retail crime (ORC) continues to be a growing problem, according to a...
  • Round 5 of NAFTA talks ends in stalemate
    When it was announced last week that trade ministers from United States, Canada, and Mexico were staying away from the latest round of Nort...

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The Bunker Bulletinweb site
NOVEMBER 22, 2017
  • Fuel oil stocks fall less than 1% following largest 2017 weekly build
    US fuel oil stocks fell less than 1% for the week that ended November 17 as inventories grew on the West Coast, in the Midwest and in New England, Energy Information Administration data showed Wednesday.
  • Draw in Cushing stocks helps narrow ICE Brent/WTI spread
    Prompt NYMEX crude rose $1.19 to $58.02/b Wednesday, the highest level since July 2015, and further narrowed its discount to ICE Brent after Energy Information Administration data showed a decline in stocks at Cushing, Oklahoma.
  • Russia, Saudi leaders stress 'importance' of coordinating energy markets
    While Russia's energy ministry has not yet made public its position towards the much discussed extension of the OPEC/non-OPEC production cut agreement, the heads of the two countries leading the deal, Russia and Saudi Arabia, have underlined the significance of continuing joint effort in the energy markets.
  • Libya looks for finances to rebuild Es Sider terminal infrastructure
    Libya's Waha Oil Co. is looking for new ways to finance projects at the Es Sider export terminal at the country's largest oil port, including replacing corroded pipelines and crude oil storage tanks, company officials were reported said Tuesday.
  • FUJAIRAH DATA: Oil product stocks rise despite new low for middle distillates
    Total refined product stocks at the UAE port of Fujairah stood at 15.864 million barrels in the week to November 22, up 5.1% from the previous week, despite a major drop in middle distillates, according to data from the Fujairah Energy Data Committee (FEDCom).
  • Cash to paper 3.5% FOB Rotterdam barge structure softens on seasonal destocking
    The 3.5% FOB Rotterdam barge physical to paper print has softened to the lowest level since the end of August as the end-of-year destocking season approached.
  • Petronas LNG signs up with Malaysian ports for vessel services
    Gas producer Petronas LNG has signed up with the Malaysian ports of Bintulu and Labuan for additional services for its liquefied natural gas carriers that will help facilitate vessel movements and gas trading in the region.
  • External: Wired Bunkering
  • External: Global Risk Management
  • Shipping must be economically viable to fast track environmental goals: ICS
    The shipping industry can become environmentally sustainable only if it is economically sustainable too.
  • FUTURES: Crude rises on US inventory decline
  • LNG spot charter rates hit 2-year high on low spot vessel supply
    This is supported by a wide spread between Pacific and Atlantic LNG prices.

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