|APRIL 9, 2018|
- Asia-Europe rate drops 16pc to US$617/TEU, rises 1pc to USWC
- South Korea to place orders for 200 vessels by 2020
- APL extends Eagle GO. Guaranteed on Trans-Atlantic and Oceania services
- Cosco boosts drive to develop inland logistics capabilities in Asia and Europe
- Box volume at Eurogate, Hamburg slide 25pc after Hanjin's demise
- Tit for tat US-China trade tariffs will impact major US ports: Fitch Ratings
- Surging fuel prices eat into ocean liners' profits, while spot rates drop
- Carriers' financial and volume results in 2017 better than in 2016: analysis
- Cold ironing comes to Genoa and is fast spreading throughout Europe
- DHL sets up e-commerce platform to link retailers to global fulfilment centres
- Cargolux starts weekly cargo flights from Luxembourg to Narita Tokyo
- East-west airfreight rates hold their ground after 2017 peak season: Drewry
- FedEx launches pilot training programme in US to overcome pilot shortage
|APRIL 8, 2018|
- 'ONE offers services from India to all other regions around the globe, directly & also indirectly via hub ports'
- ASIC re-elects Ashok Janakiram as President
- Bahri vessel targeted off Yemen
- Maersk Line introduces export-import service offerings at Kakinada port
- ONE strongly committed to the Indian market
- Cashew exports up
- FIEO sees huge potential in the Chinese market for start-ups & small exporters
- GMB celebrates 55th National Maritime Day & 37th Foundation Day
- Major Ports handle 679.35 million tonnes of cargo in 2017-18
- Mumbai Port Trust wins All India Major Ports Hockey Tournament
- Inefficient logistics impacting competitiveness of Indian products: MoS Commerce & Industry
- Economic outlook for India on the ascent
- India to negotiate FTA with the AfCFTA: Suresh Prabhu
- Govt sets up IT grievance redressal mechanism for GST taxpayers
|APRIL 9, 2018|
- Good time to change the guard
- Strengthening cross-border services Daily
- The new warehouse is a sharehouse
- 1,800 locomotives for India
- Electrolux and Hamburg Süd investing in lowering emissions
- Cardiff to welcome first commercial A350-900 flight
- Kopf & Lübben banking on talent pool
- APL extends premium package
- Albonair collaborates with Cargo-partner
- UK railfreight operator to replace 16,000 truck journeys
- New generation in charge at UTC Overseas
- Iata launches CEIV for live animals
- Cosco Shipping did well in 2017
- Way back to Volga Dnepr
- Three Eurasian railways join forces
- Beiersdorf stays loyal to K+N in Hamburg
- ABC with record shipment of Vaqtec containers
|APRIL 6, 2018|
- Shipping losses drag down Grieg
- No major casualties, but marine claims levels are creeping up
- IMO wrangles over shipping emissions cuts
- NYK and Turkish port group to build vehicles terminal in Istanbul
- Firmer bulker prices tempt newbuilding orders
- King Abdullah Port expects 60% throughput rise this year
- South Korea aims to promote LNG bunkering
- Seoul to seek buyer for shipbuilder DSME
- Newbuildings may put HMM on top 10 global carriers list
|APRIL 6, 2018|
- Box lines forced to play a weak hand in transpacific contract talks
- A niche opens up as integrators choose not to bulk up for e-commerce deliveries
- Middle East ports' appetite for capacity expansion won't be satisfied by volumes
- Forwarders far more 'digitally aware' than industry disruptors believe, says BIFA DG
- Cargo owners still waiting for news of Maersk Honam containers
- TuSimple steering toward driverless trucking
- IMO set to unveil strategy on GHG emissions in shipping
- Robert van de Weg rejoins Volga-Dnepr after missing 'cut and thrust' of air freight
|APRIL 6, 2018|
- CRS: Shipbuilding only a fraction of cost of a 355 ship Navy
- Dryad Maritime analyzes attack on Bahri tanker Abqaiq
- Like father, like son: Guilty verdict in pollution case
- C-Innovation wins three year BP contract
- Canada's Chamber of Shipping announces new leadership line-up
|APRIL 6, 2018|
- Yildirim closes in on US port investment
Robert Yildirim believes his company can use its expertise to improve US terminal productivity
- Terminal talks in Djibouti raise questions
Local media claims the Djibouti government is in talks with French carrier CMA CGM about a new 2.4m teu capacity...
- Sovcomflot secures $252m financing for dual-fuelled tankers
Sovcomflot completes the financing deal with ABN AMRO, BNP Paribas and others for vessels due in 2018 and 2019.
- High US refinery runs to support MR earnings
As Brazilian fuel imports fall, US exports to other destinations may boost tonne-mile demand
- The Interview: Andrew Taylor
New chief executive takes over from industry legend Hugo Wynn-Williams next month. And despite 2016's failed merger talks with Britannia...
- Maersk Honam still burning one month on
Burning boxship heading for Jebel Ali to discharge cargo
- IMO unable to agree early on a carbon strategy
The IMO's intersessional Working Group has not reached an agreement on the strategy, including any kind of decarbonisation targets.
- Yard Talk | Can we blame the South Korean plan?
The plan will hit a nerve of many foreign shipping players
- The price of going green
Cargo owners will soon be able to show their green shipping credentials, but it will not come cheaply
- Shipping Minster pledges to plug UK gender pay gap
More than 50 companies with maritime links published their gender pay reports by Wednesday's deadline
- Callimanopulos contemplates the realities of a comeback
Legendary Greek owner is ruefully aware of today's industry challenges as he mulls his next step after relinquishing Toisa fleet.
- South Korea seeks buyers for DSME
The timing of the sale will depend on market conditions as well as DSME's business normalisation efforts
- Trade war threatens US reefer export volumes
Concerns raised about transpacific backhaul volumes
- Methanol's role in the future marine fuels mix
- Wall St Note | Looming crisis for Danaos shareholders
Danaos has a massive debt load, a tiny market capitalisation controlled by company insiders, and several lucrative long-term charters, all...
- Late Chinese New Year drives February box traffic
Analysts expect full-year box growth of up to 5% in 2018
- Hyundai Merchant Marine poised to announce 20 megaship orders
Deal includes a dozen 23,000 teu and eight 14,000 teu ships to be built at South Korean yards
- Attacks on non-Saudi vessels unlikely in Red Sea, Dryad says
Threats to merchant shipping around Yemen have been evident for more than a year, where the government, backed by a...
- APL expands guaranteed service
Transatlantic and Oceania added to Eagle GO. Guaranteed product
- US eyes up to $100bn of extra tariffs on China
The US and China play a large role in global trade, production supply chains and investment, and their policy actions...
- IMO proposes compromise on CO2 cuts
New proposal for 50% emissions reductions by 2050 receives tough reception amid insistence of no targets by Brazil, Saudi Arabia...
|APRIL 6, 2018|
- APL expands time-definite delivery to trans-Atlantic, Oceania
- US spot truck rates jump in April, as freight demand rises
- Amid rising threats, US imports forecast to build
- Port of Mobile is poised for growth across trade operations
- JNPT names four 3PLs for import direct port delivery program
- Steady rate decline on Asia-Europe as Chinese manufacturing slows
|APRIL 6, 2018|
- Navios Acquisition completes leaseback deal on four tankers
Six-year lease will result in refinancing of $71.5m in existing bank debt.
- ICS tells nations get on ball for CO2 rules
Shipping trade group says largest flag states should follow the example of smaller peers to push regulation.
- Fredriksen takes bigger piece of Avance Gas
Entities linked to Norwegian shipping magnate boost stake in Oslo-listed VLGC owner as rates hit 6-month lows.
- Star Bulk shares given a boost
Value of New York-listed bulker owner's shares upgraded almost 10% based on financial performance and efforts to lower debt.
- Sorensen seeks equity for new suezmax tanker venture
Former Nordic American finance chief behind project looking to raise $80m for up to eight newbuildings.
- Clarksons executive bonuses rise after stronger profit
Improved profit at Clarksons in 2017 has been reflected in higher bonus payments to its leading executives. It comes after a review of executive pay at the world's largest shipbroker following opposition from around one quarter of votes cast on 2016 remuneration at its previous annual general meeting. Andi Case: 'Time to look seriously at tankers' According to Clarksons annual report, chief exe
- 2Go merges with parent Nenaco
Philippines ro-pax group cutting costs through share swap.
- Trafigura now loading suezmaxes in US Gulf
Switzerland-based trading house says modifications to existing infrastructure allow it to load bigger ships.
- Laid-up Greek ro-pax springs a leak
NEL Lines vessel repaired after taking on water at Perama.
- Sovcomflot fixes $252m aframax financing
Russian owner taps banks including ABN Amro, BNP Paribas and KfW to fund LNG-fuelled tankers.
- Seatrade succeeds in 'surprise' charter row appeal
UK high court judge examines dictionaries to help with question of whether warranty applies to both free entry and exit from berth.
- AP Moller Holding taps Blackstone for new executive
Jan Thorsgaard Nielsen recruited to work alongside Robert Uggla and Martin Larsen.
- Golden Energy Offshore extends PSV deal
Restis company keeps Energy Scout busy with Total in Nigeria.
- Grieg Star turns deeper red as ship broking results rise
Growth in Norway and Asia for Grieg Shipbrokers in 2017 as group enjoys "good year overall".
- UPDATE: Dof seals three more Atlantic contracts
Norwegian owner fixes out OSVs for decommissioning and ROV campaigns.
- Genting halves 2017 loss as revenue grows
Malaysian cruiseship group benefits from more capacity.
- MMT stretches deal for Mokster OCV
Swedish company adds 18 months to Stril Explorer's charter.
- Vinalines seeks to delay IPO again
Vietnamese shipowner wants another two months to finalise share sale.
- South Korean reforms more than just orders
Initiatives will also include efforts to improved owner liquidity as well as protectionist measures.
- China soybean tariffs unlikely to hurt shipping, says AXIA
Axia Capital Markets analyst says move is more likely designed to hurt Trump voters than bulkers.
|APRIL 6, 2018|
- Wilhelmsen, KONGSBERG launch autonomous shipping JV
Norwegian maritime service provider Wilhelmsen and KONGSBERG, a logistics technology firm also based in Norway, have partnered to create a ...
- Crowley expands Miami Warehouse
Crowley Logistics said it opened a newly expanded Medley warehouse in Miami this week to provide improved service to South Florida customers...
- AAR: U.S. rail traffic full speed ahead in March
Total combined U.S. freight railroad traffic in March 2018 increased 5 percent to 2.13 million carloads and intermodal units compared with t...
- IATA: Air cargo growth continues in February
Global air cargo volumes climbed 6.8 percent in February 2018 compared with the same month the previous year, according to the latest data f...
- U.S. dumping duties set for tool chest imports
The Commerce Department has finalized increased duties for imports of Chinese and Vietnamese tool chests and cabinets, which it has determin...
- APL expands footprint of guaranteed container loading service
APL will offer shippers its "Eagle GO. Guaranteed Service" on more routes. For a premium rate, shippers can be guaranteed equipment and ve...
- U.S. farm products targeted by Chinese tariffs
Farmers across the United States are on the front lines in the developing trade war between the U.S. and China....
|APRIL 6, 2018|
- OPEC March crude production tumbles: Platts Survey
OPEC oil output in March fell to 32.14 million b/d, its lowest level in 11 months, led by declines in seven out of the 14 member countries, an S&P Global Platts survey of OPEC and oil industry officials and analysts showed Friday.
- Russian 2018 oil, gas output seen roughly flat at last-year levels: Novak
Russian oil and gas production and exports are expected to stay at roughly last year's levels in 2018
- Russia raises expectations of 'timeless' OPEC alliance
Growing rhetoric that OPEC and Russia will strengthen their alliance in a permanent partnership to manage oil production might put more pressure on the coalition as it tries to plot its next move in a tightening oil market.
- US sanctions Gazprom CEO Miller, Surgutneftegaz Director General Bogdanov
The US has imposed new sanctions against Russian state-owned Gazprom's CEO Alexey Miller, Surgutneftegaz Director General Vladimir Bogdanov, major aluminum producer Rusal, and several other Russian individuals and entities in response the "totality" of Russia's aggressive actions, including in Crimea, Syria and "ongoing malicious cyber activity," a senior Trump administration official said Friday.
- Oil sinks as trade rhetoric continues between US, China
Oil futures tumbled Friday as tough talk between political leaders in Washington and Beijing on tariffs sparked a risk-off rally across global financial markets, dragging both equities and commodities lower.
- European cutterstock availability tight, boosting RMG outlook
The availability of cutterstocks, used to produce on-specification RMG fuel oil, has dwindled in the Mediterranean and Northwest Europe, creating a more bullish atmosphere for RMG 380, market sources said.
- Japan 380 CST bunker premium sinks to 5-month low on ample supply, modest demand
Ample supply of bunker fuel in Japan's Tokyo Bay coupled with modest demand has seen the Japan-delivered 380 CST bunker premium finishing the week at five-month lows.
- Fuel oil hi-lo narrows to 2-month low on lackluster LSFO demand
The physical fuel oil hi-lo spread -- the premium of 1% FOB Northwest Europe fuel oil cargoes over 3.5% FOB Rotterdam barges -- has narrowed to $3.25/mt, its weakest level since February 5, according to S&P Global Platts data, due to slack Mediterranean demand for low sulfur product.
- South Korea to order 200 new ships over next 3 years: report
South Korea is planning to order around 200 new vessels in the next three years in an effort to shore up the country's beleaguered shipping and shipbuilding industries, which have been struggling following the collapse of Hanjin Shipping as well as weak global demand, South Korea's Yonhap News Agency reported Thursday.
- Istanbul-Piraeus bunker spread narrows to 4-week low
The usual premium of bunker fuel at Istanbul over its equivalent at Piraeus narrowed to its lowest point in a month Thursday, amid soft demand at the Turkish hub and pressured logistics at the Greek port.
- ARA fuel oil stocks plummet 21% on departure of delayed VLCC
Inventories of fuel oil stored in the Amsterdam-Rotterdam-Antwerp region sank 21% to 839,000 mt in the week ended Wednesday, latest data from PJK Consulting showed, due to a delayed VLCC loading and finally departing the Dutch port of Rotterdam.
- FEATURE: IMO prepares for showdown over shipping decarbonization
"It may sometimes look from the outside that the IMO is a feet-dragging body."
- ANALYSIS: Mixed market reaction seen from Asian traders to sour crude OSPs
"Kind of funny, it raised [the differential for Arab] Light, but cut [that for Arab] Super Light," a regional crude oil trader said.
- FUTURES: Crude remains weak on heightened trade war tensions
"US crude oil production continued on a seventh week build in production levels thus keeping upside pressure on crude oil prices," a Phillip Futures analyst said.
- Bunker availability at Durban eases as Engen refinery maintenance ends
Spot prices were unaffected as the anticipated increase in volumes had already been priced in.