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31 March 2020 The on-line newspaper devoted to the world of transports 15:48 GMT+2




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Sched Netweb site
AUGUST 2, 2018
  • ONE reports US$120m loss in Q1 but expects $110m profit in fiscal year
  • Cosco back to normal on US west coast after ransomware cyber attack
  • Russia's soaring box traffic slows, but still retains double digit growth
  • Renovation of Germany's longest canal completed to ease truck traffic
  • Savannah volume up 8.4pc in FY2018 to record-breaking 4.2m TEU
  • Old Dominion's profit up 66.1pc to US$163.4m as revenue rises 23pc
  • UPS quarterly profit up 7.3pc to US$1.5b as revenues rise 9.6pc
  • Boeing forecast contains warning: 790,000 new pilots needed in 20 years
  • ABC expands international network with freighter service to Ho Chi Minh
  • Emirates SkyCargo flies two Alfas to London for Gumball 3000 motor rally

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Exim Indiaweb site
AUGUST 1, 2018
  • COSCO's takeover of OOCL establishes mega liner operator
  • Höegh proves perfect fit for out-of-gauge cargo
  • IWAI turns aggregator for cargo owners & shippers; launches dedicated portal
  • MOL takes delivery of LNG carrier for major contract
  • Shipping Corporation of India's first container vessel calls at Haldia
  • India looking at impact of US sanctions on import of oil from Iran, says Minister
  • Notional booking & speed money practices expected to cease
  • Outlook for global container port demand growth seen as positive
  • It is India that can primarily help Pakistan out of economic crisis, says note
  • RBI again raises interest rate
  • Avashya Foundation plants over 3,98,000 trees under Maitree initiative

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International Transport Journalweb site
AUGUST 2, 2018
  • Sensible and makes sense

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IHS Maritimeweb site
AUGUST 1, 2018
  • Sovcomflot LNG carrier transits Northern Sea Route in July record
  • Product tanker operators keep faith with market recovery despite deepening Q2 losses
  • Legal noose tightens around Venezuelan crude trade
  • Capesize period fixtures up as spot market firms
  • Hamad Port bucks boycott to boost throughput
  • Fujairah enquiries spike after tainted marine fuel sold in Singapore
  • Vale opts for scrubbers for 48 VLOC newbuildings
  • Chinese ship recyclers 'wiped out' by imminent regulations
  • Baleària to convert five vessels to LNG power

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The Loadstarweb site
AUGUST 1, 2018
  • Can the world's ports and terminals take the strain as container throughput rises?
  • Analysts applaud record first half for 'top European transport pick' DSV
  • Air cargo market's wings clipped in June as growth and rates slump
  • CMA CGM hopes new mega-boxship bow design will be on the nose for economy
  • Strong Q2 for Aramex as demand for cross-border e-commerce grows
  • Truck driver shortage could be solved by paying for all the work they do
  • Cosco offers more advice for customers following cyber attack on Americas region
  • China's YTO Express to create hub at Jiaxing

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Marine Logweb site
AUGUST 1, 2018
  • Sovcomflot icebreaking LNG carrier sets Northern Sea Route record
  • USCG Marine Board of Investigation to probe Stretch Duck 07 sinking
  • Royal IHC to modify McDermott pipelayer
  • Baleària to convert five ferries to LNG fueling
  • Deadly duck boat tragedy brings multiple law suits
  • OSG goes to Gunderson for 204,000 barrel ATB barge newbuild
  • Modern riverboat nears completion at Chesapeake Shipbuilding

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Lloyd's Listweb site
AUGUST 1, 2018
  • Navios Containers buys boxship as it aims for Nasdaq listing
    The deal was announced as the company posted a second-quarter net income of $4.5m
  • Hafnia expects $19m benefit from sale and leaseback deal
    The lease agreement enables Hafnia to maintain a low-cash break even
  • Navios Partners acquires two bulker drop-downs
    Angeliki Frangou prioritises deleveraging and 'careful' bulker buys as partnership's results beat expectations
  • SC Lowy acquires non-performing loans from Monte dei Paschi
    SC Lowy says the portfolio of defaulted shipping debt comprises dry bulk shipping, crude oil carriers, an offshore support vessel...
  • OOCL to remain an independent brand, says Cosco
    Both carriers to continue to honour all their current commitments and contracts, while OOCL would 'not consider replacing shipping agencies...
  • Box terminal usage set to 'rise markedly'
    Drewry expects world container port throughput to grow by almost 240m teu during the next five years
  • New rules will keep a check on shipping supply growth
    The new regulations will penalise poor performers and older ships, while benefiting stronger companies with high-quality ships, says Pacific Basin...
  • Operation starts off Sweden to tow grounded K Line car carrier
    The Swedish Coast Guard warned that the hull ran the risk of being further damaged and that more oil could...
  • Shipping should review contracts before trade sanctions and Brexit bite
    Sebastiaan Moolenaar and Reinier Cobussen of Dutch law firm AKD say it is key for companies to be able to manage...
  • Daily Briefing
    ONE first-quarter losses impacts founding partners | Brightoil to dispose of marine transport business | Clarksons reveals extent of 2017...
  • Agritrade Resources sells VLCC for $22.5m
    The buyer is Singapore-based Da Shun Shipping, with delivery scheduled by August 7
  • DSIC leads bids for offshore windpower newbuild
    CSIC (Tianjin) Offshore Windpower Engineering was set up in June 2017 to seek opportunities in this fast-growing industry
  • DryShips axes dividend but cranks up share repurchases
    Diversified shipping company posts second-quarter profit versus loss in 2017

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The Journal of Commerceweb site
AUGUST 1, 2018
  • End of Uber autonomous truck effort shows capacity relief still ways off
  • DSV posts record quarterly earnings, raises full-year guidance
  • Ocean Network Express posts loss in debut first quarter
  • Slideshow: Trans-Pacific peak season outlook
  • APM Terminals Pipavav ramps up ease-of-doing business pitch amid competition

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TradeWindsweb site
AUGUST 1, 2018
  • Zafirakis on the up in Diana reshuffle
    Greek bulker owner also expands its board and executive team.
  • Small US shipyards receive $20m in federal grants
    The Small Shipyard Grant Program helps US shipyards modernize operations and improve efficiency.
  • Petro-piracy spikes in the Gulf of Guinea
    Nigerian pirates have kidnapped 35 seamen in 2018 so far.
  • Pacific Drilling board backs $1.5bn creditor revamp
    Deal would wipe out Idan Ofer equity interests, but his Quantum Pacific may yet get chance to present rival proposal to restructure driller.
  • PIL scraps boxship hit by fire in Singapore
    A fire damaged Pacific International Lines containership has been sent for demolition, brokers say. The 608-teu Salam Mesra (built 2007) was hit by fire earlier this month while anchored off Singapore's Marina Barrage. Reports say it took fire crews five hours to extinguish the flames.
  • Conti LR2 tanker still up for grabs
    The 105,300-dwt product tanker Sigma Integrity (built 2009) is circulating for sale but has not found any buyers yet, TradeWinds has learned. Latsis sets up new Marla Tankers management Hadjiyiannis resumes tanker shopping spree This is contrary to reports earlier this week that the vessel has already changed hands. Brokers have been reporting that the vessel was sold for $21.5m, with some me
  • Ardmore boss Gurnee sees buying window
    Owners able to service debt should consider MR purchases given "positive outlook" for product tankers
  • Navios Partners continues earnings progress
    Angeliki Frangou continues preparations for boxships spinoff and return to dry-bulk pure play as market recovery helps bottom line.
  • Sovcomflot LNG carrier clocks record NSR time
    Russian owner says voyage confirms economic efficiency of Arctic route
  • Danske Bank downgrades Ocean Yield amid FPSO risk
    Oslo-listed owner cut from hold to sell following charterer's move to close field.
  • Italian bank BMPS offloads bad shipping loans in record deal
    SC Lowy leads "largest-ever Italian shipping debt transaction" involving world's oldest bank.
  • Kalleklev takes Flex LNG reins with profit and growth in sight
    New head of commercial Marius Foss starts today.
  • First Ship Lease pair dropped into Heidmar pool
    Tanker brace added to Sigma Pool following end to bareboat deals with Torm.
  • Pacific Basin Shipping looks to work its 'magic' in S&P market
    Mats Berglund has a specific eye on second-hand supramax bulkers in next stage of growth.
  • Italy and France 'committed' to yard alliance
    Meeting of minds as consolidation of European shipbuilding takes major step forward
  • Rio Tinto sees big jump in iron ore shipments
    Capesize rates upturn aided by growth in Pilbara mines output
  • Overseas Shipholding Group inks order at Gunderson
    Barge contract is the company's second newbuilding move this month.
  • Navios Maritime Containers continues growth efforts
    Angeliki Frangou fronted company snaps up vessel number 26 with IPO in sight.
  • DryShips posts second consecutive profitable quarter
    George Economou-backed shipowner benefits from improved market conditions.
  • AMPTC seeks buyer for 15-year-old aframax
    Asset disposal would leave shipowner with no owned crude carriers in its fleet.
  • Matson sees better second-quarter results
    US boxship owner collects more revenue from both its ocean transportation and logistics businesses.

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American Shipperweb site
AUGUST 1, 2018
  • National Cargo Bureau will inspect inbound containers
    The National Cargo Bureau has offered to help carriers inspect containers carrying imports to the United States to determine the extent of improperly declared or stowed cargo.
  • Optoro picks up $75 million in funding
    Optoro Inc., a Washington, D.C.-based provider of returns optimization software, has raised $75 million in new funding from equity investors, the company said in a statement.
  • UPS revs up electric truck testing
    UPS Inc. is partnering with Thor Trucks, Inc. to test the latter's fully electric class 6 delivery truck.
  • Container damage liability app launches
    PEIR, a mobile application designed to allow users to prove a lack of involvement related to damaged shipping containers and trailers, launched Wednesday.
  • Trump administration could hike tariff levels to 25 percent
    The Trump administration could raise the level of Section 301 tariffs threatened across $200 billion worth of Chinese imports from 10 percent to 25 percent, a source with knowledge of executive branch considerations told American Shipper Wednesday.
  • Surface Transportation Board pick gets panel OK
    The Senate Commerce Committee on Wednesday approved by voice vote the nomination of Martin Oberman to be a member of the U.S. Surface Transportation Board.
  • Tax cuts, volume growth boost C.H. Robinson
    C.H. Robinson saw its net income climb 43.3 percent year-over-year to $159.2 million in the second quarter of 2018, boosted by a lower effective tax rate in the United States and broad-based volume growth, according to the company's most recent financial statements.
  • DSV's second-quarter profits up 60 percent
    DSV's profits and net revenues for the second quarter of 2018 increased year-over-year with all three of the company's segments - air and sea, road and solutions - experiencing growth.
  • U.S. dumping duties readied for Chinese ribbon
    The Commerce Department is prepared to roll out dumping duties on certain decorative plastic ribbon from China.

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The Bunker Bulletinweb site
AUGUST 1, 2018
  • Sonatrach set to launch London trading arm for IMO 2020: sources
    Company could be a player in the blending market to produce 0.5% sulfur bunker fuel.
  • SHIPPING: Capesize routes surged to multi-year highs due to Atlantic push
    Tonnage demand emanating from South Africa also, to an extent, added to the market's momentum.
  • TRADER NOTE: Managing Director Olivier Denappe leaves DME -- sources
    Denappe was managing director at DME since May 2017.
  • Danish bunker broker changes name to Liberty Marine Fuels ApS
    Hires Rune Pejtersen as managing partner and bunker broker.
  • Singapore Aug ex-wharf 380 CST bunker fuel term inked at MOPS plus $8-$10.50/mt
    Singapore is expected to receive only about 3 million mt of arbitrage cargoes from Europe and the US in August.
  • SUBSCRIBER NOTE: Platts launches Panamax North Pacific dry bulk TCE assessment
    The TCE assessments reflect the $/day pricing derived from the respective voyage rates published on a $/mt basis in Dry Freight Wire.
  • TRADER NOTE: Mustafa Salim, Ed Hamilton leave Trafigura North Sea desk
    Officially, Trafigura declined to comment.
  • TANKERS: Ardmore to raise $10.3 million through sale/leaseback to manage liquidity
    Has obligation to buy the Ardmore Endurance and Ardmore Enterprise at the end of the seven-year facility.




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