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07 April 2020 The on-line newspaper devoted to the world of transports 17:57 GMT+2




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Sched Netweb site
AUGUST 9, 2018
  • Cathay suffers profit loss, but revenue rises in first half as cargo gains
  • Drewry paints positive picture for demand growth at global container ports
  • Trade war: Trump administration finalises US$16 billion China tariff list
  • Deutsche Post DHL quarterly profit falls 14.3pc as revenues rise 1.4pc
  • Japan's ONE urges Malaysia to reduce red tape within its terminal sector
  • BNSF's profit soars 37pc to US$1.3 billion as revenues surges 12pc
  • Crypto currency used to pay electronically for moving boxes on MCC ship
  • Indian products more competitive with US-China trade war, says CII
  • XPO Logistics profit soars 189pc to US$137.5 million, revenues rise 16pc
  • Global forwarding market reaps rewards of recovery in worldwide demand
  • US truck tonnage falls in June from May but increases 7.9pc in first half
  • Joint TT Club and McKinsey report concludes boxes face digital future
  • Rotterdam port congestion is reduced by fixing barge times
  • Cathay Pacific makes gains in corporate austerity drive after 18 months
  • Trade war could soften otherwise strong demand outlook for cargo: IATA
  • Vizag Airport posts 15.4pc cargo gain to 1,481 tonnes - accent of pharma
  • TSA's funding shortage induces switch to web browser to access more

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Exim Indiaweb site
AUGUST 8, 2018
  • Cargo leader Ryder Lines to mentor business aspirants
  • Expanding containerised reefer trade will support freight rates, says forecast
  • Hapag-Lloyd enhancing East Africa product through EAS 2 connecting Nhava Sheva & Mundra
  • DP World acquires 100 pc of Unifeeder
  • Form submission requirements at Fujairah
  • JNPT Trade Notice on Gate Automation
  • NHAI invites bids for second bundle of national highways under Toll Operate Transfer mode
  • Govt doubles import duty on numerous textile products
  • IMF forecasts over 7 pc growth for India
  • Niryat Mitra mobile app for promoting India's international trade launched
  • Solar industry equipment transportation market projected to see impressive growth

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International Transport Journalweb site
AUGUST 9, 2018
  • Air Canada Cargo first to receive Iata CEIV Live Animals...

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IHS Maritimeweb site
AUGUST 8, 2018
  • New DCA head William Doyle set to advance American dredging
  • Commercial dredging bodies call for science-based regulations
  • ICBC Financial Leasing and Vitol ink 11-tanker sale-and-leaseback deal
  • DHT hit by VLCC spot market weakness
  • Maersk issues profit warning on container rate and fuel price outlook
  • Tsuneishi Shipbuilding offered site for second Philippines yard
  • Abu Dhabi eyes regional ro-ro hub at Khalifa Port
  • 'Perfect storm' hits ship scrapping, with prices down in all markets
  • Rising bunker fuel costs could drive up Worldscale flat rates by nearly a fifth
  • UASC sues World Fuel Services for off-spec bunker fuel

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The Loadstarweb site
AUGUST 8, 2018
  • Maersk revises Q1 bullish forecast and follows Hapag-Lloyd with profit warning
  • US-China spat set to put a dampener on trade, but air charter sector could fly
  • Express and auto industry growth keeps Mexico's TSM freighter fleet growing
  • Volumes up but profits down for ICTSI in H1
  • Logistics companies appear to be unprepared for Brexit
  • DHL Q2 profits drop was expected, as PeP division comes up short

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Marine Logweb site
AUGUST 8, 2018
  • Damen to supply key components for Chilean polar vessel
  • GD BIW awarded $33.6 million mod to LCS support contract
  • McQuilling releases 2018 mid-year tanker outlook update
  • CSSC plans to expand its marine equipment service business
  • Moran Shipping Agencies teams with NCC on maritime cyber security
  • Golden Gate ferry gets Ecospeed coating system
  • U.S. Merchant Marine Academy has a new strategic plan
  • Navy officer pleads guilty to role in $2.7 million procurement scam
  • Solstad Farstad and SBM renew Normand Installer frame agreement

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Lloyd's Listweb site
AUGUST 8, 2018
  • China spares crude in latest skirmish of trade war
    Even if tariffs on US crude are to go ahead eventually, the overall impact on tanker markets could be negligible...
  • Human error remains key factor in global shipping claims
    Big shipping losses continue to fall but emerging trends combined with perennial human error could increase claims
  • Norden cuts full-year results forecast on worsening tanker markets
    The company's dry operator unit is exceeding expectations, leading to a full-year revision upwards, while its dry owner unit has...
  • Angelicoussis converts second FSRU order to additional LNG carrier
    Greek owner might be showing caution on FSRU expansion - or just optimism about the LNG shipping market
  • Glencore reports smaller charter book
    Robust first-half earnings performances have put the trading giant its best financial position since the 2011 IPO
  • International Seaways boosts cash piles despite weaker results
    New York-listed owner sells four crude and product tankers for $69m during the second quarter
  • Celebrating outstanding achievements across the SAMEA region
    Lloyd's List returns to Dubai in November for its annual celebration of maritime excellence across the South Asia, Middle East and...
  • D'Amico's dry bulk unit eyes scrubbers for bigger vessels
    Luciano Bonaso says he has no fleet expansion plans just yet
  • D'Amico expects volatility in dry bulk markets in the coming quarters
    More participants sought for Medi Supramax pool as D'Amico sees more volatility in the markets
  • Feeder regroupment continues as Arkon launches new German alliance
    Move comes after DP World swoop on Unifeeder
  • Boxship and LPG carrier collide off Gibraltar
    No injury or pollution, but both vessels reported damaged
  • Capacity cuts set to see increased boxship idling
    Analysts forecast increased lay-up in face of slack season slowdown
  • Daily Briefing
    Iran sanctions kick in despite EU 'protection' | DP World diversifies into ships | Maersk outlook looks bluer | The...
  • Yangzijiang perks up on increased deliveries and new orders
    Second-quarter net profit jumps 38% to $146m as revenue soars 110% to $1.2bn
  • Star Bulk 'optimistic' after posting third straight profitable quarter
    Major US-listed bulker owner enters third quarter with bigger fleet fixed at higher charter rates
  • Eagle Bulk posts profits on improved dry bulk markets
    Update:US-based supramax-focused owner is targeting further acquisitions
  • DHT posts $28m net losses in second quarter
    Update: Company executives expect earnings upside in coming quarters while planning to trade scrubber-installed vessels in spot markets

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The Journal of Commerceweb site
AUGUST 8, 2018
  • Former Amazon exec targets LTL data to speed-up XPO
  • Containers out of sights of newest round of US tariffs
  • UP-CSX interchange changes send shippers scrambling
  • JNPT productivity program pays off in July, data show
  • Strike causes 2,000-container Chittagong backlog
  • Global air cargo slowdown intensifies amid trade tension

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TradeWindsweb site
AUGUST 8, 2018
  • DHT Holdings shrugs off loss of US shale oil cargoes to trade war
    Svein Moxnes Harfjeld not worried by latest twist in standoff between US and China, with VLCC market "slowly turning positive".
  • D'Amico International Shipping adds to leaseback tally
    Italian shipowner offloads vessel for almost $30m to boost company liquidity.
  • DHT mulls 'numerous proposals' to fund VLCC scrubber project
    Shipowner is not looking to give away the upside by locking VLCCs into fixed rate deals.
  • TransAtlantic Lines sued for almost $8m
    Keybank National Association seeks $7.8m from US-based diversified shipowner for 2015 loan.
  • Norden lowers profit forecast amid tanker market trouble
    Product tanker division will remain in the red in 2018, owner says as it offers glimpse of second quarter figures.
  • Pangaea Logistics returns to black
    Drybulk logistics firm and shipowner saw higher revenue amid improved charter rates and lower expenses.
  • Pacific Basin tipped for supramax purchase
    Ship would fit strategy outlined by chief executive last week.
  • International Seaways widens loss
    US-listed diversfied tanker owner's second quarter results, which include $4.9m in credit facility-related charges, beat Wall Street consensus.
  • Star strikes fresh loan and inks leaseback to support Songa deal
    Financing updates come alongside second quarter profit and promising third quarter guidance.
  • CSSC to expand marine equipment service
    State-owned Chinese shipbuilder will announce details of expansion plan next month.
  • Maersk gains more ground after first profit warning in four years
    Danish shipowner sees stock tick up again with analysts suggesting further forecast revisions unlikely.
  • Maritime lending flat at KfW-IPEX Bank
    Commitments to shipping remain at EUR 1bn ($1.16bn ) for the first half of this year.
  • Idle containership capacity could double by year-end
    Trade wars, low scrapping, newbuilding deliveries and unexpected discipline all playing a part, Alphaliner says.
  • Solstad Farstad inks new deal with SBM Offshore
    Solstad Farstad has secured additional work for one of its construction support vessels. SMB Offshore has renewed a framework agreement for the 31,360-bhp Normand Installer (built 2006) it announced today. The FPSO specialist, which is the joint-owner of the vessel, will use it for at least 114 days in 2019 and a minimum of 105 days in 2020. Calls to chief executive Lars Peder Solstad seeking
  • German feeder owners jump on consolidation bandwagon
    Jungerhans, Wessels, Nordic Hamburg, JSP and HS Schiffahrt combine in 90-vessel chartering venture
  • Glencore charter book at $227m as tankers remain 'lackluster'
    Information released amid upturn in first half profit at London-listed heavyweight.
  • Pelayaran United quits the tanker game
    Indonesian owner Pelayaran United Maritime (PUM) is returning to its tugboat roots after selling its only products tanker for scrap.
  • MISC reduced to 'sell' at UOB Kay Hian
    Analyst adopts wait and see attitude, preferring to see rate recovery in fourth quarter.
  • Yangzijiang first half order haul worth nearly $1bn
    Strong operational and financial performance in contrast with 38% share price decline year-to-date.
  • Navigator advances on financing for ethylene export terminal
    Company to withhold paying dividends for the next two years under new debt financing terms for existing loans.
  • Canadian LPG set to gain from US-China tariff spat
    Shipowner also bullish on Houston ethylene export terminal, which is due to come on-line in 2019.
  • Star Bulk Carriers result beats street estimates
    Bulker owner optimistic about market fundamentals given strengthening rate and asset value environment.

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American Shipperweb site
AUGUST 8, 2018
  • Expeditors' earnings keep climbing
    Expeditors International of Washington Inc. turned in another strong quarterly result for the second quarter of 2018, with net earnings surging 29 percent to $140.6 million compared with the same 2017 period following a 45.6 percent year-over-year jump in Q1, according to the company's latest financial statements.
  • Missouri asks to reup CDL test reprieve
    The state of Missouri wants to continue to waive a knowledge test for qualified veterans seeking commercial driver's licenses.
  • Amber Road reduces net loss
    Amber Road Inc., a global trade management software provider, softened its net loss in the second quarter of 2018 to a $3.2 million loss, compared to a $4.5 million loss for the second quarter of 2017.
  • Trade tensions dampen air freight
    Growth in global air freight volumes slowed for the second straight month in June after accelerating considerably April.
  • FMC grants OOCL, COSCO exemption
    COSCO Shipping Lines and Orient Overseas Container Line will have less regulatory paperwork to perform and will be able to work as a single entity as a result of a decision announced today by the Federal Maritime Commission.
  • U.S., China mobilize for trade war round two
    The Office of the U.S. Trade Representative on Tuesday evening finalized a second tranche of 25 percent tariffs to be imposed on China following Section 301 of the Trade Act of 1974, deleting intermodal shipping containers and four other tariff lines from an initial list of 284 tariff subheadings spanning $16 billion in 2017 import value. China responded in kind Wednesday morning, releasing a lis
  • Roadrunner posts $42 million loss in Q2
    Roadrunner Transportation Systems Inc. posted a $42 million net loss for the second quarter of 2018, compared to a net loss of $37.9 million for last year's second quarter, according to the company's latest financial statements.
  • Both sides in Airbus case seek WTO adjudicators
    The EU recently requested formation of a World Trade Organization dispute panel to determine whether it complied with a prior WTO Appellate Body ruling calling for it to end subsidies for Airbus aircraft manufacturing. The request comes after the United States challenged the EU's compliance with that May 15 ruling at a WTO Dispute Settlement Body meeting on May 28.
  • CSX realigns management structure
    CSX Corp. on Tuesday announced a new operating management structure that decentralizes operational and support functions. The changes are a continuation of the Class I railway's precision scheduled railroading transformation, an

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The Bunker Bulletinweb site
AUGUST 8, 2018
  • Petroleum futures tumble on US-China trade war, EIA data
  • China removes US crude oil from latest round of import tariffs
  • Bunker operations, congestion at Gibraltar edge up on week on fog
    The number of bunker supply operations and vessels waiting at the Mediterranean bunkering hub of Gibraltar edged up on the week Wednesday
  • HSFO tightens at Augusta on regional refinery maintenance
  • Navig8 takes delivery of first scrubber-fitted LR2 tanker
    The company has ordered scrubbers for eight of its 110,660-dwt newbuilds.
  • Saudi production data catches market by surprise, but not all are convinced
    The country crude production by 200,000 b/d in July, after it announced that it would pump 11 million b/d.
  • Iran's oil export descent starts accelerate in July
    Exports to South Korea, Europe fell steadily as these buyers start to elsewhere.




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