|DECEMBER 10, 2018|
- Asia-Europe rate rises 3.6pc to US$774/TEU, falls 7.3pc to USWC
- CMA CGM FAK rate increases from Asia to the Middle East Gulf
- New MSC bunker recovery charges start from US from January 1
- US imports set new monthly record as shippers rush to beat tariffs
- Heavy rains prompt Panama Canal to increase draft to 14.33 metres
- Old, small ships hit new pricing low, US$3.6 million for 1,600 TEUers
- OOCL to launches new Mideast/India-East Med service in January
- Remote RTG operations enhance efficiency and safety, says HIT
- Chittagong sets monthly volume record - 265,165 TEU in November
- DHL: More Asia Pacific firms back green transport than elsewhere
- Amsterdam port tests drone detection to monitor its airspace
- Swissport International reorganises on worldwide regional basis
- Aeroflot named world's leading brand, hasv best business class
- Lufthansa awards lucrative Amsterdam cargo contract to WFS
|DECEMBER 9, 2018|
- Allcargo signs MoU with JNPT & CIDCO to enhance employment opportunities for underprivileged youth in port & maritime logistics
- CMA CGM successfully loads its first smart container in India
- NYK enhancing its LNG transportation
- Third edition of shipping cyber risk management guidelines published
- India needs to map its supply chain, draw master plan for non-major ports & bring about regulatory changes to boost coastal shipping, workshop told
- Paradip Port Trust conducts mega mock drill at north oil jetty
- Rotterdam port incentivising break-bulk segment
- Ministry of Shipping approves INR 156 cr. freight village in Varanasi
- Immediate resolution of the issues & challenges faced by the exporting community will help the sector achieve higher double-digit growth: FIEO President
- India & UAE sign currency swap agreement
- New agriculture Export Policy aims to double shipments
- China-US trade truce to allow sale of more American goods on mainland
- India shines in "Ease of Doing Business"
|DECEMBER 10, 2018|
- Ready to reconquer the skies
- Greenest delivery van in Switzerland
- Pallet exchange more efficient with blockchain
- AAR lands big cargo pallet contract from air force
- Road freight activities to double at least by 2050
- Ciffa: Rodgers succeeds executive director Snowden
- MOL banking on safety awareness
- Rail carrier to transport more wood in Hungary
- BDP selects Greenbriar for strategic partnership
- Varanasi: India pushing inland navigation
- Black goes West
- Drones start transporting lab samples in Zurich
- Carload Express to operate Delaware railway lines
- "Curiosity of the Day"
- More Swiss participators in Cargo Sous Terrain
- Carbon neutral vessels commercially viable by 2030?
- Emirates brings Ecuador's flower logistics into bloom
- Patagon Logistics becomes Sparx Chile
|DECEMBER 7, 2018|
- Return of AE2/Swan service dampens carrier hopes of Asia-Europe rate hike
- Cargolux on course for another record-breaking profit, despite slowdown in growth
- US Shipping Act revision gives FMC power to watch shipping alliances with a sterner eye
- Artificial intelligence could help solve under-use of trucks as driver shortage worsens
- Post-Brexit disruption at Dover could last six months
- Tiaca offers the chance to take a 'masterclass' on the air freight industry
- Supply chain radar: container shipping mammoths walking a tightrope as moral hazard risk weighs
- Supply chain radar: Atlas Air appoints Debbie Coffey - cosmetics or great news for M&A arbitrageurs?
- Supply chain radar: Maersk and Hapag-Lloyd - just troubled or really troubled?
|DECEMBER 7, 2018|
- Esvagt eyes opportunities in the Barents Sea
- MSC fined $630,625 for breach of CARB at-berth regulation
|DECEMBER 7, 2018|
- China big yet not powerful in shipbuilding, says CSSC researcher
Bao points out that the governments in South Korea and Japan are no slouches in providing policy support for domestic...
- Indian scrapyards fail to make initial cut of EU-approved facilities
With the addition of the six new yards, the EU-approved list now comprises 26 facilities
- Shipping industry publishes revised cyber security guidelines
The latest cyber security guide follows the recent survey from the Global Maritime Forum that highlighted the issue as shipping's...
- Tanker market faces 'limited impact' from Opec cuts
Current supply-demand dynamics in the tanker market mean any supply cut is not necessarily bearish
- Mehrotra seeks to add secondhand tonnage on rising Indian imports
Executive chairman Ravi Mehrotra says he wants to buy another five VLCCs
- Last civilian migrant rescue ship ends operations
MSF claims Aquarius has assisted 30,000 people in the Mediterranean Sea since February 2016
- Autonomous shipping set for next step on the journey
Finferries' vessel Falco has been operated autonomously and controlled remotely. It is the next step in progress towards a digital...
- Oakland's exports boosted by scrap paper
The demand for paper is driven by increasing urbanisation and middle class population growth, accompanied by a surge in literacy...
- US state fines MSC for breach of 'At-Berth' regulation
CARB reports a significant fine for infractions of its At-Berth regulation and announces a new measure called the August 2018...
- Box data illustrates transpacific peak season strength
Eastbound transpacific trade grew more than 7% in October compared with last year, as Asia-Europe traffic increased by nearly 6%...
- MOL wins major FSRU contract in Indonesia
The FSRU, with a 170,000 cu m storage capacity, was ordered at South Korea's Samsung Heavy Industries
- US intermodal cost surge will impact new contract season
Maersk will offer premium services for shippers wishing to avoid demurrage fees, but they will come at a cost
- The Lloyd's List Podcast: The future of salvage
Listen to the latest edition of Lloyd's List's weekly podcast - your weekly briefing on the stories shaping shipping in...
- Lloyd's List Outlook 2019: LPG
The market is just past the cyclical nadir and on an upswing
- NYK orders two large LNG carriers
Japanese shipping giant says the deal fits into its new medium-term management plan that seeks stabilise freight rates by using...
- Daily Briefing
LNG trio plot new 'Cool Company' fleet of 16 vessels|MSC recommits to IMO targets as Maersk raises emissions bar |...
- Top 10 classification societies 2018
Ahead of our annual Top 100 People ranking, we take a look at the top 10 classification societies. This year...
- Top 10 shipmanagers 2018
As part of our 2018 Top 100 most influential people in shipping series, we look at the very best shipmanagers...
|DECEMBER 7, 2018|
- Shipper forecasts to US truckers key to meeting 2019 budgets
- FMC takes middle ground on detention-demurrage
- Project to allow dual mega-ships at Baltimore advances
- US regulators reject ELD pleas, put focus on trucker hours
- Confirmed container bookings offer shipper peace, path to value
- APM Terminals Mumbai notches shortest dwell times at JNPT
- As tariff impact unfolds, inventories bear watching
- EU scrutiny of Asia container shipping subsidies builds
|DECEMBER 7, 2018|
- Scorpio secretary steps down
There has been a change at the top of the Scorpio group. In Securities and Exchange Commission filings Friday afternoon, it was announced Anoushka Kachelo had stepped down as the secretary of both Scorpio Tankers and Scorpio Bulkers effective Wednesday. Fan Yang, who joined the companies in February, will take over the role. Kachelo joined the group in September 2010 as senior legal counsel, ac
- Diana debt now trading in Oslo
Diana Shipping's newest round of bonds are now trading in Oslo. The Simeon Palios-led bulker owner confirmed the move in a Securities and Exchange Filing Friday afternoon. Diana Shipping: Scrubbers not 'attractive investment' In September, the New York-traded company issued $100m in senior unsecured bonds, set to mature in 2023. The move also cleared previous debt. For the third quarter, Diana
- Opec-led output cut expected to hurt tanker demand
Opec and its Russia-led partners will reduce oil supply by 1.2 million bpd in the first half of 2019
- Zhenjiang Shipyard buying bankrupt rival
China's Zhenjiang Shipyard has agreed to buy bankrupt rival Jiangsi Shenghua Shipbuilding. Marketline reported that the yard has struck a deal with Zhenjiang High-tech Zone Development Group to acquire the assets. Shenghua was known for building bulkers and tankers The acquisition will enable Zhenjiang Shipyard to build specialised vessels.
- Nordic American Tankers closing final chapter in $100m suezmax selloff
Nordic American Tankers (NAT) is poised to close the sale of its last two ships built in the 1990s. New York-listed NAT announced earlier this month the 147,262-dwt Nordic Aurora and the 147,888-dwt Nordic Sprite (both built 1999) were being sold. Nordic American Tankers sells oldest suezmaxes Nordic American Tankers pulls DNB backstop Today it told investors the sales are now in the process o
- Simon Mokster fitting battery system to PSV
Norwegian owner teaming with Eni and Vard to reduce fuel consumption.
- Uljanik Plovidba aims for $4m share issue
Croatian tanker and bulker owner Uljanik is planning a share placement to existing investors worth HRK 25m ($3.8m). It said the new preferred stock will be priced at HRK 120 each. The cash is needed to reduce its loan exposure in order to boost liquidity and strengthen its financial stability. The shares will have no voting rights, but will pay an annual dividend of 5% of their nominal amount
- Qatar Shipping confirms Oriental Energy VLGC charter
Qatar Shipping confirms it has fixed one of its VLGCs to China's Oriental Energy for a year. Oriental Energy takes another Qatar Shipping VLGC on charter TradeWinds reported this week Oriental Energy had agreed to pay $570,000 to $580,000 per month to take the 82,000-cbm Al Wukir (built 2008). A Qatar Gas Transport Co (Nakilat) official has now confirmed the contract but did not comment on the
- Navantia yard eyeing $432m investment
Spanish group to upgrade and add 1,700 workers.
- Bankrupt Mykolaiv Shipyard sold for just $4m
The assets of Ukraine's Mykolaiv Shipyard Okean have been sold at auction for just UAH 122.19m ($4.3m). The Unian news agency said the buyer was Annona Trading House, according to liquidator Iryna Serbin. The starting price was UAH 1.8bn, but after several failed auctions, this dropped to UAH 1.16bn. The yard built more than 400 ships since it was founded in 1951. But it began to experience fi
- Allianz Middle East buying 23 bargain Swissco OSVs
Judicial managers of restructuring Singapore owner agree fleet deal with UAE operator.
- NYK signs Total charter for Samsung LNG newbuildings
Japanese owner inks long-term deal for gas carriers due in 2021.
- Unisea tipped for move into capesize bulker market
Greek shipowner Unisea is believed to have moved into the capesize market with the purchase of a second-hand vessel from a Japanese company. Unisea Shipping set for first bulker buy of 2018 If confirmed, the acquisition would add a third string to Adam Lemos' bulker bow. Shipbrokers say Unisea has bought the 182,000-dwt Frontier Coronet (built 2011) from Fukujin Shipping of Japan for $29m. The
- PGS sues Polarcus in Australian patent row
Middle East seismic survey player Polarcus is being sued by rival Norwegian owner PGS in an Australian patent row. The Oslo-listed shipping company said it has accepted service of court proceedings filed by PGS Australia relating to the acquisition of seismic data on three surveys in Australia, and the processing of that data. The proceedings follow three years of intermittent correspondence fro
- Fjord1 launching buyback to reward bosses
Norwegian ferry group Fjord1 is buying back stock to award to its top management. The Per Saevik-backed owner said it can repurchase up to 3.2m shares worth NOK 139.2m ($16.33m) at the current price of NOK 43.50. But for the purposes of the reward scheme, it will acquire up to 110,000 shares by 20 December. These will be given to managers under its bonus scheme, which stipulates half of any awa
- Awilco LNG reveals sector consolidation talks
Norway's Awilco LNG has said it is working with other LNG carrier owners on a consolidation plan for the industry. The aim is to establish "a consolidated LNG shipping structure that may offer scale and create commercial and financial synergies," it added. It was responding to reports that cooperation may be on the cards in the booming sector. No agreement has yet been reached, however, and Awi
- Second Five Stars Shipping capesize sold online
A long-idled capesize has been sold online in the first round of a Chinese court auction.
- Singapore regulator block Noble Group's re-listing
Monetary authority and stock exchange cite "significant uncertainties" for decision.
- Mitsui OSK Lines scoops Jawa-1 FSRU contract
Indonesian gas-to-power project set to be all Japanese affair after MOL confirms deal.
- Star Bulk makes purchase under share buyback
Petros Pappas-led bulker owner picks up 13,325 shares under $50m programme.
- Act sets FMC sights on shipping alliances, H&K partner says
The new Federal Maritime Commission Authorization Act signed into law by President Donald Trump Tuesday takes aim at carrier alliances and recent consolidation in the shipping industry, says Holland & Knight partner Christopher DeLacy. Maritime lawyer moves up at Holland & Knight In a blog post, DeLacy said the act directs the Federal Maritime Commission (FMC) to crack down on anti-competitive p
|DECEMBER 7, 2018|
- ITC told U.S., Japan should discuss drawback, CTPAT
Robust customs provisions as part of any agreement would play a crucial role in bilateral trade, industry members said during an International Trade Commission hearing.
- Pelosi raises USMCA enforcement in Lighthizer meeting
The likely future House speaker indicated she is examining labor and environment provisions to determine whether they will be enforceable in practice.
- BDP International partners with Greenbriar Equity
Richard J. Bolte Jr. will remain CEO of the Philadelphia-based global logistics and transportation services company.
- Commentary: Know your exports
Determining the commodity jurisdiction and classification of a product is the most critical component of any export compliance program.
- FMCSA stands by HOS exemption denials
- Morocco to import U.S. beef
- Crowley adds 400 reefer containers
|DECEMBER 7, 2018|
- Oil and gas traders fret over elevated risks in US-China trade
An unrealistic window for Chinese importers to ramp up purchases of US oil and gas and unstable relations between the countries have elevated the risks of US-China trades
- OPEC coalition agrees 1.2 million b/d cuts deal as Iran secures exemption
OPEC and its allies led by Russia agreed Friday after a tension-filled week to implement 1.2 million b/d of production cuts
- Congress moving toward passage of anti-OPEC bill: sources
Congress looks increasingly likely to vote on a bill that would allow the US Department of Justice to sue OPEC for antitrust violations
- HSFO backwardation in Med dampens appetite for storage: traders
A backwardated high sulfur fuel oil market has deterred some trading houses from renewing storage contracts in the Mediterranean
- Oil rally slows as faltering equity markets heighten demand growth fears
The oil complex pulled back from intraday highs in Friday afternoon trading as sliding equity markets weighed on crude's early-session surge.
- Rotterdam fuel oil crashes to 9-month low as crude futures nosedive
The flat price for Rotterdam fuel oil crashed to a nine-month low Thursday, tracking ICE Brent crude futures' crash of $3.54/b on the day.
- FEATURE: Rising Rhine waters ease supply for oil products, petchems, coal
Levels have not been above 80 cm at Kaub for more than two months, according to WSV data.
- Japan, S Korea wary of loading Iran oil in Jan amid insurance puzzle
"If someone takes delivery or pays for Iranian crude oil when they do not have an active SRE, that transaction would be sanctionable," a US official said.
- Ocean Network Express to levy low sulfur surcharge for Shanghai, Ningbo, Nanjing ports
The move comes after China implemented a 0.5% sulfur limit on bunker fuel, starting October 1 in some areas and ports.
- FUTURES: Crude remains lower amid OPEC's indecision on output cuts
"There were growing expectations of a production cut before Thursday, and despite the meeting, nothing was concluded," an economist said.
- INTERVIEW: VLSFO set to be chief marine fuel choice come 2020 - Intertanko senior exec
"0.50% sulfur limit compliant fuel oils, as we are told, would be much of a blended type using mixtures coming from many different sources," Wilkins said.
- Japan delivered bunker premium dips on incremental supply
"Spot volumes for December is slightly more than usual, the middle distillate market is not very good," a source said.