|FEBRUARY 27, 2017|
- Asia-Europe rate up 7.3pc to US$921/TEU, USWC slips 6.8pc to $1,650/FEU
- US west coast ports increase market share in 2016, says PMSA report
- MOL to reorganises from top to bottom with new plan from April 1
- Tory MPs blast claim EU is owed US$63 billion before UK can quit Europe
- Maersk's APMT ups New Jersey investment 185pc to US$200 million
- Savannah box volume up 26pc in January to 331,468 TEU
- Kalmar to supply 708 terminal tractors in the Americas for US$74.5 million
- New DHL Express platform offers options for receiving goods
- CEVA and Mercedes-Benz extend business partnership in Brazil
- Qantas first half profit declines 7.5pc to US$654 million
- Teamster-organised UPS aircraft mechanics move closer to strike
- Development of Africa's air cargo sector is hindered by poor infrastructure
|FEBRUARY 26, 2017|
- ...to restructure organisation
- APL promises day-definite cargo arrival with Eagle Guaranteed
- Bahri Dry Bulk Co. signs JV agreement with Koninklijke Bunge B.V.
- Lancer Container Lines hosts Global Agents meet & celebration to mark 5th year of incorporation
- MOL Logistics to establish subsidiary in India
- Seminar on GST & recent changes in Customs Act successfully held at MACCIA
- Teamglobal launches TIVA
- APM Terminals Pipavav welcomes largest pure car & truck carrier
- JN Port welcomes senior delegation from COSCO Shipping Lines
- L&T Technology Services & UTC commercial businesses establish innovation lab for intelligent buildings, connected homes & cold chain logistics
- Seaways opens larger warehouse in FTWZ division at Sriperumbudur
- CAI maintains cotton crop for 2016-17 season
- CBEC launches GST mobile application
- WTO's Trade Facilitation Agreement enters into force
|FEBRUARY 27, 2017|
- Airborne battle against the clock
- New CV for UK palletised freight network
- Zeimer new VP at Pangea Shipping Group
- Spanish retailer procures LNG trucks
- Upbeat feeling in Hamburg
- From CGN to LIE
- Eimskip's compass pointing to expansion
- Tiaca supports future industry leaders
- Taking a glimpse into the crystal ball
- UECC linking Scandinavia and Spain
- Bouncing back into the profit zone
- Problems continue for Qantas' cargo business
- Organizational restructuring at MOL
- US railroad investing in great style
- Finnlines flies high despite challenges
- Multisystem traction for north-south corridor
|FEBRUARY 24, 2017|
- Latvian Shipping racks up more losses
- Jinhui Holdings sells four Supramax bulkers to improve cashflow
- Bureau Veritas marine profits down 7% in 2016
- Torvald Klaveness receives first of new generation of combi carriers
- Lauritzen and lenders agree on restructuring as weak markets persist
- Eimskip plans to grow more after successful 2016
- Greeks still betting on recovery
- Organotins make toxic return nine years after being outlawed
- HMM issues new shares and bonds for USD632 million funding
- MOL restructures, establishes bunker office and looks to offshore and LNG
- KAMCO to expand ship sale-and-leaseback deals
- Growth eludes car carrier sector
- Russia pushes forward with Arctic sea route as shipment volumes jump by a third
- Pan Ocean to order Handymax bulk carriers
|FEBRUARY 24, 2017|
- 'Historic' year for Atlas Air as profits soar, but Florida West will be grounded
- Transpacific box carriers see new threat on the horizon as rates tumble
- Analysis: CEVA wants a happy ending, and you can take that to the banks
- Freight forwarding industry bears $500m bill for ocean rate processing
- PODCAST: Prelude to TPM 2017 - a portrait of Pier 400
- Trump talk rattles aerospace industry, up and down supply chain
- China Railway Corp struggles to adapt in era of air travel
- 1,000 jobs to be axed in CSX management reshuffle
|FEBRUARY 24, 2017|
- Vigor to build two more S.F. ferries
- Fire breaks out on U.S.-flag car carrier
- VT Halter Marine appoints Robert A. Socha as Senior VP
- USCG Port State Control inspectors detain two bulkers
- Austal achieves Pacific Patrol Boat program milestone
- Gulf Island to shift all fab ops to Houma, sell Texas yards
- ICS points to growing risk of regional action on shipping CO2
|FEBRUARY 24, 2017|
- Panama Canal looks beyond expansion
As the canal celebrates the first 1,000 transits of its new locks, ACP administrator Jorge Quiano looks to its future role in world trade
- Spanish government adopts port reforms
Proposal heads to Spanish parliament where ratification will require work ahead of a nine-day strike in March
- The problem with regionalism
International agreement may be ploddingly slow and suffocatingly difficult to reach; but global consensus remains preferable to unilateral moves that threaten market confusion and delays in adoption
- Modern capes underperform in asset markets
Figures show asset prices have shrunk for new and five-year-old capesize vessels versus appreciation for older capes and in other segments
- APMT puts pause on capital spend
Terminal operator's new chief executive says the focus will switch to utilising existing assets, with sister company Maersk Line playing a crucial role
- Vale's chief executive to step down in May
Murilo Ferreira steered the miner through a 'very turbulent' period in the industry
- Record European oil flows to Asia boost longhaul tankers
Surge in North Sea and Russian crude shipments to Asia supports tanker demand across segments
- Mixed rate fortunes cast doubt on certain GRIs
Transpacific rates continue decline, but Asia-Europe rates rise in lead up to latest carrier price push
- HMM shareholders approve share and bond issue plan
Move paves the way for the company to boost liquidity
- ICS lays out decarbonisation priorities
Chamber calls for IMO strategy to encompass all of the shipping sector while remaining realistic
- J. Lauritzen cuts loss amid refinancing talks
Dry bulk and gas tanker owner sees challenging 2017
- Costas Grammenos gets Capital Link leadership award
Professor recognised as a 'visionary' and 'truly universal person'
- MOL seeks a foothold in the offshore wind power industry
Japanese giant decides to ramp up expansion efforts in the offshore business
- US Coast Guard detains two vessels for safety violations
Issues discovered during routine Port State Control inspections
- MOL sets up new business segment
Car carrier, liner shipping and port and logistics grouped together under product transport business unit
- ITF secures wages and trip home for crew of detained vessel
Federation negotiated with bank that owned the vessel
- Two chief engineers convicted of illegally discharging waste from vessel
Vessel operator Aegean Shipping Management admitted guilt ahead of the trial
- HHI shoots down talk of Gunsan dockyard's impending closure
Specific details of the plan could not be confirmed at the moment
- Safe Bulkers reduces losses as rates rise in fourth quarter
Cash-positive operations and low capital expenditure bolster owner's position
- Teekay Tankers sees 2016 profit fall by two-thirds
Midsize tanker operator unlikely to see much impact from Opec production cuts
|FEBRUARY 24, 2017|
- Experts: Harrison-run CSX would offer mixed bag for shippers
- Capacity discipline mitigates trans-Pac spot rate fall
- Eimskip boosts trans-Atlantic capacity after record year
- IAG cargo volume, revenue down
- Mega-ships to US East Coast stoke barge potential
- US retailers destock, restock faster, boosting freight
- Finnlines posts record profit
- Russia doubles down on Arctic sea route
- Blanked sailings blamed for JNPT congestion
- Asia-Europe spot rates stage first increase of the year
- Managing rates costs forwarders $500M annually, study finds
|FEBRUARY 24, 2017|
- Deloitte: EU risks loss of shipping dominance
Study finds EU policies toward industry have 'gaps' relative to other regions.
- International Seaways tanker detention sparks legal battle
Pool operator Panamax International sues voyage charterer Petrolea over Venezuela holdup of nearly four months.
- Sevan preps for first FLNG work order after ExxonMobil deal
Teekay-backed floating production specialist forges framework agreement with oil major to use cylindrical hull technology for floating LNG and more.
- NewLead steps in to fix leaking tanker
UPDATE: Chartered-in ship receives repairs five months after being moored.
- BDI jumps on the back of capes rise
All indices are up this week as the Baltic's main index improves by more than 100 points.
- NWS increases cargo volumes in 2016
Russian owner sees 84% jump in coal in positive 12 months of trading.
- Teekay Tankers juggles debt reduction and growth ideas
Chief executive raises newbuilding and takeover options while keeping loan repayments top of wish list.
- NAO upsizes offering; share price slammed
UPDATE: Shares fall 44% during regular trading as New York-listed PSV owner increases fundraising effort and prices public deal.
- Fire sealed in on ARC car carrier
UK coast guard attends incident on US vessel in English Channel.
- Eimskip targets more distressed buys
Icelandic owner taking advantage of weak markets as it posts record earnings.
- Nisshin sale latest positive dry price point
Brokers say panamax has changed hands at an eye-catching price after strong demand, especially in Greece.
- Siem Offshore sells veteran PSV
Norwegian owner's former Siem Supplier has been moved from Brazil to Malta.
- Fiducia bulker sinks in Sweden
Sterno partially submerged after taking on water in grounding in Gota River.
- Jefferies calls small LPG inflection point
Bank believes dynamics are changing with StealthGas tipped to return to profit in 2017.
- HMM to run seven ships from Thailand
US service will launch in April as part of 2M cooperation.
- CoscoCS buys into Cosco Corp facilities
Parent group is taking control of six shipyards as Singapore-listed subsidiary posts heavy loss.
- North Sea sector remains weak
PSVs have seen earnings dip, while anchor-handlers stayed over-supplied.
- SeaBird to restructure in tough market
Oslo-listed seismic vessel player says plans could mean big dilution for current investors.
- Shipping vulnerable to regional emissions action
ICS' Esben Poulsson says the IMO needs to make "significant progress" in respect of emissions.
- Jinhui sells four loss-making supramax bulkers
Oslo and Hong Kong-listed owner says the deal is "sensible and decisive" way to strengthen balance sheet.
- Latvian Shipping hurt by fleet revaluation
Riga product tanker owner falls further into the red in 2016.
- RBS commercial impairments hit $267m
Oil and gas weakness drags down bottom line at UK bank.
- J Lauritzen sets out restructuring plan
Danish shipowner seeks bondholder support for package that already has banks and major shareholder on board.
- Solstad takes $132m fleet write-down hit
Fourth quarter loss rises to $179m as ships revalued in downturn.
- MOL shakes up business units again
Japanese owner reorganises liner and car carrier operations following bulker, tanker rejig last year.
- MOL acquires 5% stake in Seajacks
Japanese shipowner in further offshore expansion with deal with Marubeni for shares in UK company.
- Ocean Rig makes $3.7bn write-down
George Economou-led company now has six of its eleven strong drilling rig fleet laid-up in Greece.
- Allseas snares Nord Stream 2 pipelay deal
Swiss group will deploy three pipelayers in Baltic Sea project due to start in 2018.
- US Coast Guard detains two over PSC failures
Karlog Shipping and Shunzan Kaiun bulkers held after inspections reveal "substandard safety issues".
- Aegean chiefs guilty of 'magic pipe' charges
Engineers face jail time after trial reveals whistleblowers alerted authorities to their actions.
|FEBRUARY 24, 2017|
- IAG Cargo's revenues fall in 2016
International Airlines Group subsidiary IAG Cargo, which includes the cargo operations of British Airways, Aer Lingus and Iberia, recorded ...
- GPA experiences busiest month ever in January
Source: Georgia Ports Authority The Georgia Ports Authority handled 331,468 TEUs in January, a 16.2 percent increase from January 2016. The...
- MOL decides to restructure organization
Mitsui O.S.K. Lines, Ltd (MOL) will restructure its organizationeffective April 1, the Japanese shipping company said Friday. MOL is establ...
- Uber, Otto sued for alleged theft of self-driving tech
Waymo, the automated vehicle subsidiary of Google parent Alphabet Inc., has filed a lawsuit with the San Fransisco division of the U.S. Dis...
- Port of Oakland to raise STS crane height at its largest marine terminal
The Port of Oakland is raising the heightofbetween four and sixship-to-shore container cranes at its largest marine terminal over the next ...
- Special Coverage: Headwinds in the intermodal industry
Source: BNSF RAILWAY The intermodal industry has seen strong growth over the last several years, and although the overall outlook for inter...
- SCFI slips 1.8%
The Shanghai Shipping Exchange's Shanghai Containerized Freight Index fell 1.8 percent from last Friday's reading of 830.46 to a reading of...
- Indian authorities release Chinese cargo vessel
Chinese general cargo vessel Union Demeter is in the process of being released by Indian authoritiesand returned to China after being held ...
- U.S. Class I railway employment continues to fall in January
Class I freight railroads in the United States employed 148,427 workers as of the middle of January 2017, a 5.22 percent decline from 156,6...
|FEBRUARY 24, 2017|
- New Orleans IFO 380 CST hits over one-month high on tight supply, barges
New Orleans IFO 380 CST was assessed Friday at $323/mt ex-wharf, up $17/mt from Thursday. That was the highest level since January 20, when it was $325.5/mt
- Oil dips as traders take profits, US rig count rises
NYMEX April crude settled 46 cents lower at $53.99/b. ICE April Brent settled down 59 cents at $55.99/b.
- Montreal MGO prices rise as spring-thaw rules begin early
Marine gasoil prices in Montreal jumped as much as $27/mt Friday as local suppliers adjust for an early imposition of "spring thaw" regulations in Canada.
- Singapore MPA speeds up bunker mass-flow-meter re-validation process
Barge operators were initially worried that re-calibrating the meters would mean putting their barges out of operation for a few weeks as the meters would have to be sent to the manufacturers' laboratories in Europe.
- USGC HSFO MOC activity hits 5 million barrels in Feb
Deals for US Gulf Coast HSFO in the Platts Market on Close assessment process topped 5 million barrels in February as of Friday
- Monitoring committee says OPEC, non-OPEC output cut compliance at 86% in Jan
OPEC and non-OPEC countries achieved conformity with agreed production cuts of 86% in January
- Rotterdam bunker sales drop to 10-year low in 2016
Total sales at the key northwest European port slipped to 10.15 million cu m, the lowest since at least 2006
- External: Praxis Energy Agents S.A
- Brightoil fuel oil sales jump 38% in second half
The company reported a HK$412 million ($53 million) profit in the second half of 2016, after swinging from a loss of HK$523 million in the same period a year earlier
- TRADER NOTE: Mitsui OSK Lines restructures bunker office
The new office will be an independent part of the group's energy transport business unit and will replace the bunkering group within the company's tanker division
- External: Wired Bunkering
- ANALYSIS: Asia seen spoilt for choice as more US light oil becomes available
The delayed 470,000 b/d Dakota Access Pipeline received final federal approval earlier this month to complete construction
- FUTURES: Oil stable despite US stock build on OPEC cut optimism