|OCTOBER 11, 2018|
- Hapag-Lloyd sets up Marine Fuel Recovery plan to pay for sulphur cap
- ICTSI to begin building berths 7 and 8 in Manila to handle mega ships
- OOCL says trade war impact mounting with latest US tariffs
- APL Eagle GO Guaranteed now extends to Asian, Mideast ports
- UK's Newport Shipping buys 100 scrubbers, readies big retrofit
- Terminals need to do more with less to cut costs and boost revenue: Navis
- Turnover at big truckload fleets highest level since 2015: ATA
- Optimarin lands major order for 36 BWT units from Ardmore
- JPMorgan Chase fined US$13.9 million for Cuba, Iran and WMD deals
- UPS workers reject labour pact, but 54pc no vote not enough to strike
- MABkargo flies outsize oil well parts from KL to Brunei
|OCTOBER 10, 2018|
- Höegh Autoliners' Superlow rolltrailer loads break-bulk from India for sugar plant project in Saudi Arabia
- MANSA welcomes action by Bharat Mumbai Container Terminals to modify billing software
- MOL adds 2 new training sessions to mariner safety education tool using VR goggles
- Bilateral trade between India-US has skyrocketed since 2007
- Cases where IGST refunds have not been granted due to claiming higher rate of drawback or where higher rate and lower rate were identical
- India imposes anti-dumping duty on nylon filament yarn from the EU & Vietnam for five years
- Govt may curb non-essential imports
- Delegates from across the shipper & logistics spectrum to participate in Cargo Shop 2018 - Shippers & LSP Forum on Oct. 13 in Pune
|OCTOBER 11, 2018|
- Scooping up prestigious industry award
- Loadsmart wins Maersk as investor
- Two more independent heads for ACL board
- Solid growth for Gefco
- Flights on longest nonstop route commence today
- Street Scooter goes into mass production
- Hellmann crowns restructuring process with new CEO
- Marseille Fos opts for CCS Ci5
- Swiss Post: work starts on new regional parcel centre
- New traction for grain, ethanol and metal haulage
- Delta Cargo launches new pet transport strategy
- SAA choses interim CFO
- Industrial investment in port of Antwerp
- "Curiosity of the Day"
- Sparx setting foot in Bangladesh
- New FTL and LTL service between Europe and Russia
- EFDI to spread "Ezycargo" in India
|OCTOBER 10, 2018|
- Scorpio share sale reignites debate on related-party deals
- Harren sells Caribbean Feeder Services to Pérez y Cía
- Tax sweeteners for ship lease firms among HK shipping incentives
- Floater order gives hope to Hyundai HI's offshore yard
- Bernhard Schulte backs LNG for the long haul
- Hyundai Glovis plots move into LPG and LNG shipping
- Dorian LPG hits back at BW merger withdrawal
|OCTOBER 10, 2018|
- 2M decision to reactivate AE2/Swan service early prompts freight rate warning
- UK shippers opt for Liverpool to avoid congestion and scare haulage capacity at southern ports
- China-US trade war brings box carriers a bonus - but 2019 looks less promising
- Financial woes build for HNA Group, forcing sale of subsidiaries and property
- Two new UK air cargo operations take to the skies
- ATSG: Warning, contents have shifted in flight
- Will freight fly when the pilot is a robot?
- Ludovic Bouvier appointed MD of ID Logistics' Indonesia business
- Tim Wickmann becomes World Shipping Council's MD for Asia
|OCTOBER 10, 2018|
- Cat Marine introduces new generation of azimuth thrusters
- Cement carrier is first with IMO Tier III bulk handling system
- ICS gives new guidance on garbage management plans
- LCS 29 will be named USS Beloit
- Star Bulk gets "Green Loan" for up to 50 scrubber retrofits
- USCG highlights cyber threats that can affect marine industry
- Robert Allan to design new class of Navy tugs
|OCTOBER 10, 2018|
- Ports of Pensacola and Panama City closed ahead of Hurricane Michael
Michael has maximum sustained winds of around 145 mph
- Felixstowe's 'minor teething issues' continue to bite
Five months after Felixstowe conceded it was experiencing 'minor' problems as a result of the introduction of a new terminal...
- Iran becomes top buyer of US soyabeans
As the Sino-American trade war escalated, Chinese farmers have said they are reducing the soyabean content in the feed for...
- Shipping must unite for future growth, says PSA International chief
A case in point was the schedule reliability issue, which remains unsolved despite sizeable capital investment made by carriers and...
- US box imports show no sign of slowing
Early reports of front-loading of cargoes and diminishing rates on the transpacific appear to be misguided as strong volumes are...
- Hong Kong sets out incentives to boost maritime services
The ship leasing, and marine and specialty risk insurance businesses have been targeted for tax incentives especially
- HFO ban would cost Arctic cruise passengers 'a glass of wine'
New study comes ahead of regulators resuming negotiations on the fate of HFO in the Arctic at the IMO's 73rd...
- The American Club will not cover non-compliance fines
Exceptions are highly unlikely and might only be possible in the case of 'egregious mistreatment'
- Rates pressure on Asia-Europe increases as 2M loop returns
Reintroduction of suspended service on Asia-Europe trade lane will add another 6% to the capacity of a market suffering reduced...
- Talks held to stamp out cargo declaration abuses
The blaze on the 15,000 teu Maersk Honam in March that left five seafarers dead shocked the entire shipping world...
- UK ports 'need to shout about the benefits of trade'
A new Department for International Trade-supported campaign, called UK Ports for International Trade, aims to promote the UK's global growth...
- Star Bulk secures 'green' loan for 50 scrubbers
Group of banks puts up 'pioneering' loan exclusively for purchasing and installing scrubbers on Nasdaq-listed owner's bulkers
- Daily Briefing
Sinopec offers straight-run compliant fuel, sources say | Sulphur cap paper authors move to counter 'misconceptions' | Japan pushes for...
- Port of Long Beach sees record container throughput for fiscal 2018
POLB has seen container throughput grow by 10.7% this fiscal year, establishing a new high in its 107-year history
- Equity markets will return "with a vengeance" as soon as earnings do
In the meantime, there are other ways to raise capital
|OCTOBER 10, 2018|
- Peak season: Were US intermodal rail expectations set too high?
- Trade group lauds JNPT PSA terminal's proactive efforts
- US shippers get more 'surgical' in truck contract bidding
- Gulftainer plan to quintuple Wilmington, Delaware, port
- Three-day truckers' strike delays 5,000 TEU at Chittagong
- Tariff damage to US agriculture exports has only begun
- PSA's Tan calls for portwide 'Internet of Logistics'
|OCTOBER 10, 2018|
- Trading giants expect tough US sanctions on Iranian crude
Gunvor, Vitol, Trafigura and Glencore unanimously agree recent European and Indian attempts to keep Iranian crude flowing may be futile in the world of Trump.
- Scorpio stocks fall after $100m sister move
Evercore ISI analyst downgrades Scorpio Bulkers as shares for the company and sibling Scorpio Tankers stay down into early afternoon.
- Scrubber installations better be quick, says Gunvor
Shipowners who wait until 2022 or 2023 to install scrubbers may not get desirable returns on investments, says Torbjorn Tornqvist.
- Lomar locks newbuilding into charter with Rizhao
Lomar Shipping has found employment for the first newbuilding in a series of nine under construction in China. Rizhao Haitong Ferry has fixed the 1,700-dwt Sabre Trader on a four to six-month deal, Alphaliner says. Lomar heading for 110% profit on boxship sale Sources tell TradeWinds a rate in excess of $12,000 per day is believed to have been secured for the vessel. Rizhao will employ the Ban
- CMB secures premium on ice-class fixtures with Cosco
Overcapacity bites but ice-class season starts well for Belgian owner
- Signature Fredriksen deal takes Flex LNG into $1bn club
Oslo-listed owner lines up overnight equity issue to snap up five newbuildings.
- Former Hanseatic readied for One Ocean cruise charter
The former ice-class cruiseship Hanseatic has left the Blohm+Voss shipyard in Hamburg prior to joining Canadian charterer One Ocean Expeditions. The 8,400-gt vessel (built 1991), which has been renamed RCGS Resolute, spent nearly a week completing upgrades at the yard. Empire Windrush: The ship that changed the face of Britain Facelifts for older ships keep repair yards in the money "We succes
- Scorpio answers 'silly' deal critics
Management lays out rationale for Scorpio Bulkers' $100m stake in offering, says key investors are on board with bet on sister company.
- Maersk takes fuel storage space in Singapore
Giant Danish owner makes move into Asian bunkering hub.
- International Seaways disposes of veteran aframax
New York-listed shipowner has sent vessel for green recycling, brokers say.
- Trafigura looks to enhance LNG shipping and FSRU operations
Trafigura aims to enhance its LNG shipping, regasification operations and related infrastructure as the Swiss trading giant's LNG trading activity increases, according to chief executive Jeremy Weir. The company has been expanding LNG spot trading operations and long-term intake while investing in infrastructure across continents, seeking to harness the strong demand growth of the super-chilled f
- Norgas Carriers promises to pay crew on two arrested ships
Shipowner says money is on its way to settle outstanding wage claim.
- NITC VLCC offloads crude into Chinese storage
No buyer yet earmarked for cargo as US sanctions begin to bite.
- Vitol to appeal $5.75m market manipulation fine
Shipowner and trader rejects French accusations relating to gas trading.
- Fearnley Securities resumes OSV coverage as slow pickup starts to take shape
Analyst Gustaf Amle places buy ratings on Tidewater and Standard Drilling at a time market is experiencing a slow recovery.
- Trafigura fundraising hits $3bn with bond sale
Trader and owner sells another $100m of panda bonds as 2018 cash run continues.
- Navigator LPG handysize deals show rate rise on last year
US-listed LPG carrier owner Navigator Holdings has concluded one-year charter deals for two of its ships at current weak market rates but which brokers say show year-on-year improvements The 22,500-cbm fully-refrigerated LPG carrier Navigator Gusto (built 2011) is fixed for a year to Sonatrach for a year with delivery in Algeria at a level understood to be in the low $400,000 per month range. Br
- AP Moller-Maersk brace tipped for sale to Nissen Kaiun
Vessels purchased as part of deal with HSH Nordbank now said to be sold to Japanese firm.
- KOBC to fund $122m of LNG-fuelled newbuildings
Korean state financier providing guarantees to Polaris, SK and others.
- Garden Reach debuts 12% down after $49m IPO
Indian yard's shares plunge after extended offer period in weak market.
- MPP prospects perk up on construction boom
Drewry cautiously upbeat over once-ailing sector due to Chinese demand.
- Grimaldi reveals plan to install scrubbers on half its fleet
Emanuele Grimaldi says shipowners are being asked to gamble on the price of low-sulphur fuel oil as he expresses concern over its availability in the wake of IMO 2020 regulations
- Hadjiyiannis linked to NYK boxship deal
Cypriot owner turns attention to containerships after spending more than $100m on tankers
- Boiler explodes on bunker tanker
No injuries on Bominflot ship during refuelling of reefer in Russia.
- Hyundai Heavy clinches vital $454m offshore order
Korean yard signs deal with LLOG for floating production system.
- Waruna buys product tanker while scrapping ageing duo
Indonesian tanker owner Waruna Nusa Sentana is said to have purchased yet another product tanker while dispatching a further two older vessels for scrapping. The Medan-based company is said to have purchased the 16,900-dwt chemical and product tanker Berg (built 2008) from Unicorn Shipping, the Singapore-arm of South Africa's Grindrod Group. Waruna Nusa Sentana begins scrapping tankers Avin Int
- Braemar Shipping Services sells response arm to Grupo Ambipar
London-listed group has netted just over $1m for Braemar Response.
- Bumi Armada tight-lipped on Fredriksen VLCC links
Bumi Armada is being strongly linked with the purchase of a veteran VLCC from John Frediksen's Ship Finance International. Well-placed tanker broking sources in Singapore this week said Kuala Lumpur-listed operator floating production, storage and offloading (FPSO) vessel operator was the buyer of the 300,000-dwt Front Ariake (built 2001. John Fredriksen-controlled Ship Finance International re
- GLG Partners sells $128m slice of Seadrill
London fund cashes in near-5% holding in restructured Fredriksen company.
- Subsea 7 adds $50m-plus Ghana contract
Norwegian OSV player to fit loading systems for Tullow in 2020.
- Hong Kong announces raft of pro-shipping measures
Carrie Lam says she is looking to entrench its status as a "high value-added" maritime services centre.
- Star Bulk inks pioneering "green" loan for scrubbers
Bulker owner taps DNB and others for $310m, of which $70m will be used to retrofit fleet.
- Containerships confirms more LNG vessels
Series of gas-ready boxships in China reaches six as options declared.
- China's CAS spending $41.5m on geophysical newbuilding
State science academy picks Huangpu Wenchong yard to expand its fleet
- Scorpio Tankers prices $300m equity issue at large discount to NAV
Product tanker specialist has also upsized original fund raising plan by an extra $50m.
- BHP making greater use of drones in shipping
Chartering giant says technology is "a bit futuristic" but claims it can cut hold inspection times by 75%.
- Eagle eyes 'majority' of 18-scrubber option
Chief executive Gary Vogel says New York-listed bulker owner's goal is to use most of the 18 optional scrubbers after committing to 19 of them.
- US ports prepare for Hurricane Michael
US Coast Guard says storm currently has maximum sustained winds near 90mph with higher gusts.
|OCTOBER 10, 2018|
- 'Potentially catastrophic' Hurricane Michael nears Panhandle
- Filers submit first round of 301 exclusion requests
- Schenker using what3words for precise deliveries
- Ambrosus blockchain platform employed to track beef
- Executive Moves: CSX and World Shipping Council
- Retail imports remain strong after latest round of tariffs
- Delta extending tracking technology to off-airport sites
- 'Monstrous' Michael blowing toward Panhandle
- Maersk invests in digital freight broker Loadsmart
|OCTOBER 10, 2018|
- Iran sanctions, higher production may aid freight rates in Q4
VLCC prices have been firm if not particularly spectacular for the last three months but have been unusually volatile at the end of the quarter and the start of Q4.
- South Korean refiners keen to test wide variety of US crudes
S&P Global Platts North American crude benchmark WTI's consistent discount against its Asian counterpart Platts Dubai may continue to encourage South Korean refiners to test a wide variety of US export grades, with SK Innovation receiving a cargo of White Cliffs crude oil for the very first time in the third quarter.
- Argentina's Neuquen province eyes ways to bring more oil and gas players to Vaca Muerta
Neuquen, a southwestern province of Argentina, plans to be stricter in its oversight of frackers in Vaca Muerta to spur oil and natural gas production growth from the shale play, the provinces energy minister said Wednesday.
- HSFO Med/North hits near 2-year low, NWE tightness spills into Med
The Mediterranean high sulfur fuel oil market has been priced at a near two-year discount to Northwest Europe, but Mediterranean players say the market is tighter than the 3.5% Med/North shows.
- Availability of Russian M100 fuel oil tight amid ongoing refinery maintenance
High viscosity Mazut 100 Russian fuel oil has become scarce amid refinery maintenance and as an active arbitrage east from the Baltics has drawn product away from Northwest Europe, sources said Wednesday
- HSFO East-West spread set to soften as Singapore arrivals stack up for Nov
The high sulfur fuel oil East-West spread -- a measure of the openness of the arbitrage to Singapore from Northwest Europe and which recently hit multi-year highs -- was set to retrace as the arrival list for November has been lengthening, traders said Wednesday.
- Genco plans scrubbers, LSFO bunkers for its fleet to prepare for IMO 2020
Genco will also continue to execute its previously announced fleet renewal program aimed at selling older, less fuel-efficient vessels.
- Cat fines alert seen having little impact on S Korea's bunker market
"The bunkers are mostly within spec now and the problem seems to be going way," a trader said.
- FUTURES: Crude slips ahead of US stocks data release
Supply concerns ahead of Iranian sanctions next month also continue to inject price volatility.
- Japan energy group JERA adding to LNG robustness: chairman
JERA is aiming for a tanker fleet of 15-16 vessels, of which roughly half are in service and the other half under construction.