|MAY 31, 2017|
- Maersk fails to reach EBIT margin gap target
- OOCL starts two intra-Asia services on growing demand
- South Korean ports overcome loss from Hanjin's exit with surge in nation's trade
- Navios Maritime buys five Rickmers 4,250-TEUers for US$59 million
- CN Rail workers issue strike notice and could take action on Tuesday
- Hamburg's quarterly container volume slips 0.7pc to 2.2 million TEU
- St Petersburg's Bronka box port opens with Solvo as terminal operator
- UPS joins SF Holdings to boost China-US cross-border e-commerce
- Two killed in Goma Air cargo plane crash in Nepal's Lukla airport
- China tops all-country list for trafficking in endangered species
|MAY 30, 2017|
- DB Schenker supports education-focused CSR project
- Hapag-Lloyd shareholders approve all items on AGM agenda
- IRClass Academy releases training catalogue & calendar
- MOL obtains 2 pc in average CO2 reduction with windshield installed on bow of containership
- Cochin Port Day celebrated
- Major Ports investing in green energy
- Nitin Gadkari lays foundation stone for eight key connectivity projects at Jawaharlal Nehru Port Trust
|MAY 31, 2017|
- The cat is on the prowl
- ALC: inland rail route must respect investment decisions
- Expansion in Poland for western markets
- Everglades sends expansion project down the slipway
- Railway Rites records rise in revenue
- Next addition to USA Truck leadership team
- Perishables gateway relaunched in Sète
- Railway to transport 5.2 million t of coal
- Fresh seafood from North Cape to South Korea
- G&W president/CEO now also board chairman
- Exclusive project for Europa Showfreight
- Start of new rail freight service to St Petersburg
- Hapag-Lloyd and UASC backing up the merger
- 60 year old Anama awards Italian airfreight players
- Etihad Cargo and Intradco help carry rhinos home
- Major Chinese retailer plans big drone network
|MAY 30, 2017|
- Nor-Shipping 2017: Competition for vessel Satcom heating up
- Shipping lender Nord LB back in black
- Nor-Shipping 2017: Getting a handle on the 2020 fuel cap
- BW LPG forecasts inflow of newbuildings to continue to depress market
- Frontline sees opportunities in weak market
- Oman Shipping Company prepares to adapt its vessels
- Box ship charter market falls on slowing demand
- Another Hanjin bulk carrier for JP Morgan
- China's coal imports up 33% to nearly 90 million tonnes in Q1
- Hanjin Transportation acquires controlling stake in Hanjin Busan Newport
|MAY 30, 2017|
- A windshield on a containership saves fuel and cuts emissions, says MOL
- New-style supply chains needed to cope with urban e-commerce boom
- No trade barriers for forwarders as GeTS revolutionises cross-border customs
- Cost-cutting the key growth driver in 2016 as Gefco profits surge
- IAG Cargo grounded as computers go down at British Airways
- China's YTO Airlines in talks to acquire B757s
- Hapag-Lloyd expands board following merger with UASC
|MAY 30, 2017|
- Volvo Penta launches Tier III engine and aftertreatment solution
- Test shows that putting a windshield on a box ship cuts CO2 emissions
- Ensco to acquire Atwood Oceanics
- Danelec Marine platform links ships to the Internet of Things
- Harvey Gulf charters Harvey Deep Sea through 2018
- Former BAE San Francisco shipyard closes
- R-R launches V-configuration Bergen B33:45
- Royal Thai Navy takes delivery of RAmparts 3200
- Fjellstrand books order for zero emission ferry
|MAY 30, 2017|
- Frontline defends its move for VLCC newbuilds
New orders are isolated deals and main focus is still on buying ships on the water, claims tanker giant
- Dragon Boat Festival ensures supramax bulker slide
Any chance of a recovery nipped in the bud by holidays in China, Taiwan and Hong Kong
- MSC signs concession agreement to develop Côte d'Ivoire terminal
Investment aims to make San Pedro Container Terminal a major transhipment hub
- Hyperloop on verge of major shipping partnership
Newcomers with floating trains in a vacuum look to make friends among the industry with floating ships on water
- What is driving digital platforms?
While demand may not be spurring the growth of data-sharing initiatives, data is becoming more valuable
- Wilhelmsen chief calls for Silicon Valley mindset
Shipping industry needs to speed up and be willing to try new things in the digital age, says Thomas Wilhelmsen
- Euronav and rivals prepare for the upturn
Out with the old as tanker companies mould modern crude fleets
- KHI confident in China gas play
Japanese industrial giant moves gas-related shipbuilding operations to Nacks and Dacks
- Container market healthier than lines' results suggest
Better results likely to emerge in second quarter due to higher rates and demand growth
- Hapag-Lloyd shareholders approve capital increase
Newly merged company to use consolidation experience to integrate UASC
- Frontline has plan B if it can't snare DHT
John Fredriksen's Frontline sees opportunities to grow even if it fails to merge with DHT, which looks increasingly likely
- Vard wins krill fishing vessel order in drive to diversify
Shipbuilder cutting reliance on offshore vessels amid industry woes
- BW LPG is 'cautious' over outlook as profit falls 87%
US production remains key to sustained rebound in VLGC trade, company says
- Nordic American Tankers expects weaker second quarter
Chief executive Hansson says company is in strong position after share price falls
|MAY 30, 2017|
- Hub enters dedicated trucking with acquisition
- New York eyes projects to handle rising rail traffic
- Combi Lift to move tall ship from New York to Germany
- US logistics sector focuses on integration, automation
- Container shipping needs clarity on IMO low-sulfur rule enforcement
- US carload volume rise key to intermodal service
- India launches JNPT construction to boost productivity
- Hapag-Lloyd gets OK for capital injection
- Drewry: Container shipping set for $1.5B profit in 2017
- Weak demand, tight margins squeeze Concor profit
|MAY 30, 2017|
- Hanjin continues to drag on Danaos profit
Athens-based boxship owner reports 58% drop in net income, but sees some recent gains in rates.
- Nor-Shipping: owners counsel order restraint
Tsakos and others discuss how to cope with coming changes to the shipping industry.
- Top Ships buys stake in Pistiolis-owned ship
New York-listed tanker owner says it now has 90% stake in 'eco' MR newbuilding.
- Methane leak blamed for Tamar explosion
Marshall Islands Administrator warns shipowners to check gas detection procedures after two killed in blast.
- Vartdal: Opportunities for women abound
Golden Ocean Group chief executive says industry's door open to women, but women have to say yes when opportunity knocks.
- Banks back higher ship recycling standards
Lenders pledge to promote better environmental standards and tracking of hazardous materials.
- Kristian Siem takes a swing at banks
Nor-Shipping: Norwegian investor says lenders' decision making at fault in downturn.
- Norwegian fleet at record high
Norway's shipping fleet is today larger than at any time in the nation's maritime history, said the country's shipowners' association chief as Nor-Shipping kicked-off in Oslo. At a welcome dinner at the Norwegian Shipowners' Association (NSA) headquarters, Sturla Henriksen recalled that the maritime industry was influential in the separation with Sweden in 1905 and the first two presidents of the
- DNV GL: Fleet monitoring 'more than just academics'
Getting the best "bang for your buck" out of the fuel you burn is key for fleet performance management (FPM), according to the experts. Even when fuel is not so expensive, the drive for efficiency is still "highly relevant", says DNV GL principal FPM consultant Petter Andersen. He told an ImmediaSea forum at Nor-Shipping that the key to getting more out of fuel is knowing exactly where the energy
- Norway cashes in on maritime heritage
Yesterday the Bank of Norway released a new series of banknotes featuring iconic ocean images that aptly tied in with the first day of Nor-Shipping. On the front of the new NOK 100 note is a bold front-on artwork of the Gokstad Viking longship, with a feinter image of an Ulstein X-bow in the background - ancient and modern representations of Norway's deep littoral culture and tradition of maritim
- Deadline set for Swissco rescue plan
Singapore court says judicial managers have until September before meeting creditors.
- DryShips returns to bank borrowing with $150m VLGC loan
ABN Amro and Kexim provide George Economou-led company's first bank loan since 2014.
- Costa to recruit 4,500 Italian crew
Carnival unit reaffirms domestic commitment as fleet expands.
- SFI: Seadrill still paying charter fees
Fredriksen company hopes sister operation can finalise restructuring soon.
- Peace Boat inks deal for Ecoship project
Japanese cruise organisation picks Finland's Arctech Helsinki for "game-changing" cruiseship.
- Marco Polo wins more time
Singapore owner's court hearing for legal protection delayed by a month.
- Tonnage-hungry Songa adds $75m firepower
Arne Blystad-backed company successfully completes bond issue and eyes further acquisitions.
- Essar Shipping loss grows in fourth
Indian owner hit by mounting expenses and lower revenue.
- Peninsula Petroleum secures new $200m loan
UK bunker supplier replaces ING-led facility with fresh cash.
- SCI profit plunges in fourth quarter
Indian state shipowner hit by higher costs, but liner loss falls.
- Bernhard Schulte opens Mexican centres
German ship manager bolsters its Latin America presence with new brands in Mexico City and Ciudad del Carmen.
- Standard Drilling turns a profit from PSVs
Oystein Spetalen's investment company in "good position" for further distressed buys.
- Farstad profit soars but operating loss widens
A one-off accounting impact lifts shipowner's bottom line but market remains challenging with 14 idle ships.
- Frontline fixes $221m of finance as profit plunges
John Fredriksen tanker company taps ING and Credit Suisse for resale and newbuilding loans.
- Nordic Shipholding slips to first quarter loss
Weaker freight rate environment takes its toll on Danish product tanker specialist.
- Transparency call from US Coast Guard
The technology is available today to know the impact on the environment in real time, argues USCG senior officer
- Ten questions for Erik Helberg
Clarksons Platou Securities chief executive talks about rising investor appetite, top tips from billionaires and why he wishes he could time travel
- China to curb exports of large dredgers
Beijing said to have developed advanced dredging technology that it wants to keep secret.
- Vard firms up krill ship newbuilding deal
Confirmation of order will add around $90m to Singapore-listed shipbuilder's backlog.
- OOCL bolsters intra-Asia liner network
Hong Kong liner giant looks to bolsters trade links in Southeast Asia with new services.
|MAY 30, 2017|
- Drewry: Container carriers will do better in 2017
Despite an uninspiring first quarter, Drewry says it expects container shipping companies to improve their financial performance as the yea...
- Executive Moves: DCLI, KCS and G&W
Source: Pressmaster/Shutterstock Direct ChassisLink, Inc. names president, Kansas City Southern adds four new members to its board of direct...
- CEOs urge Trump to leave NAFTA's foundation in place
A group of 32 chief executive officers from major companies sent a letter to the White House, urging President Trump to move quickly on an ...
- FMC's Regulatory Reform Task Force seeks input
The U.S. Federal Maritime Commission's Regulatory Reform Task Force is seeking input from the ocean shipping industry on identifying burden...
- FMC reviews 25 OTI license applications
The U.S. Federal Maritime Commission (FMC) has received 25 ocean transportation intermediary (OTI) license applications and changes for rev...
- BSM grows Latin American presence
Bernhard Schulte Shipmanagement (BSM) has opened two new centers in Mexico to boost its Latin American presence. A new Ship Management Cen...
- Port of NY/NJ posts record volumes in April
The Port of New York and New Jersey handled 547,013 TEUs of containerized cargo in April 2017, 11.8 percent more than in the same month las...
- UPS, SF Express create joint venture in China
UPS will establish a joint venture with the Chinese company SF Holding, the parent company of SF Express, to develop and provide internatio...
- Agility reaches final settlement with U.S. government
Agility Logistics has reached a final settlement with the U.S. government over a former food supply contract it held with the Defense Depar...
|MAY 30, 2017|
- Peninsula borrows $200 million to fund growth
The funds "will support its growth ambition," the company said in a statement.
- External: Wired Bunkering
- Norway's Frontline sees more tough times for tankers but eyes acquisitions
Frontline said it would continue to expand its fleet while also divesting older vessels.
- ANALYSIS: OPEC/non-OPEC deal unlikely to alter crude supply strategy for Asia
- Mideast producers to shy away from bigger cuts for Asia - Summer, winter demand seasons to keep inflows intact - Price differentials helping Asia buyers to diversify
- External: Global Risk Management
- FUTURES: Crude resumes rangebound trading amid lack of cues