|DECEMBER 11, 2018|
- Shanghai off 5.2pc to 34.9m TEU in 11 months, Nov slips 1.9pc
- Canadian PM Trudeau denies political ties to Huawei arrest
- European Court to rule on UK's right to revoke EU withdrawal
- US revises Shipping Act to prevent alliances becoming all powerful
- VW hints at 2nd plant in US, Ford collaborates avoid tariff hikes
- MSC revises related container fees in US, starting from New Year
- Hutchison Omani Terminal 3 ups volumes and orders new cranes
- US scrap paper and metal exports increase despite China restrictions
- Record iron ore shipments from Canadian Arctic to Europe-Asia
- MacGregor deck winches deliver improved capability to 8 HK tugboats
- AIT Worldwide buys UK's ConneXion World Cargo according to plan
- Morgan Stanley: Watch out FedEx/UPS - Air Amazon will eat you up
- Lufthansa Cargo invests in more tech startups to digitise supply chain
- DHL opens first automated e-commerce unit for NJ mail delivery
|DECEMBER 10, 2018|
- Chittagong port registers all-time high throughput in Nov.
- DHL partners with SGS to expand Flexitank shipping service for liquids
- First Jacques Saadé award presented
- Liberian Corporate Registry appoints Anthony Perea new MD
- MOL to participate in construction, ownership, operation of FSRU for Jawa 1 gas-fired IPP project in Indonesia
- SCFI Asia to Northern Europe spot rates up
- DP World closes Unifeeder Group acquisition
- Full consignee details required in Kenya
- PSA inks MoU for Singapore's proposed smart port
- Due date for GST filing extended
- Export Promotion Council for Handicrafts plans to set up 10 handicraft parks to assist small exporters
- New Agri Export Policy seen providing stability
- New Industrial Policy to focus on scaling up Indian manufacturing
- India condemns Chabahar attack
- Leading airlines to participate in South East Air Cargo Conclave & Awards 2018 on Dec. 14 in Chennai
- New e-learning course on WCO SAFE Framework of Standards
|DECEMBER 11, 2018|
- DP granted right to mass produce e-delivery vans
- Hauling more than 1.8 billion t
- Peters returns "home" to Hoyer
- No easy time for the Swedish Club
- USD 100 million for Shipa launch
- Swissport Iata CEIV Pharma certified in Canada
- Pollution to plunge with repowered locomotives
- PSA and Sutd prepare ground for Tuas
- New chief driver for Rail Cargo Group
- Clipper strengthens partnership with Asda
- Kenya airports spearheading Tiaca quality initiative
- Airports South Africa welcomes new CEO
- APL and CNC choose Singapore
- Vehicle train connecting seven countries
- DSV opens new facility in Memphis
- "Curiosity of the Day"
- 2,000th Boeing aircraft soaring high in China
|DECEMBER 10, 2018|
- AA's Tristan Koch to become managing director at Coyne Airways
- Moody's downgrades Maersk's credit rating amid fears for box shipping sector
- FMC to standardise container detention and demurrage across the US
- MNX Global Logistics acquires acquires express division of NGL
- Maersk aims to cover itself with an alternative to cargo insurance
- Agility expands its digital platform to target e-commerce and urban deliveries
- Analysis: supply chain slowdown could turn into a horror movie for the star players
- Amazon Go eyes London's West End for first non-US store
- Asean and EU to allow unlimited cargo flight rights
- HNA Group's terrible year set to continue into 2019
- Supply chain radar: the Maersk family is down $5.6bn in 2018...
|DECEMBER 10, 2018|
- VIDEO: LCS 15 completes acceptance trials
- Avondale Shipyard buyer gets private equity investment
- Marine Jet Power welcomes new COO
- 5,000th Neopanamax transits Panama Canal
- Grimaldi to fit 12 RO/RO ships with Silverstream air lubrication systems
- ODU and Lavle USA to open Marine Electric Propulsion Lab
- Australia's SeaLink Travel orders double ended RoPax cat
- Singapore to host next Global Maritime Forum summit
|DECEMBER 10, 2018|
- Global Ship Lease agrees double CMA CGM charter
Feedership owners continues streak of CMA CGM deals after merger with Poseidon Containers
- Greek Shipping Awards 2018: Winners unveiled
Platsidakis, Palios, Frangou, Kassidokostas-Latsis and Wiernicki among those honoured as Contship Management, Euronav, Clarksons Platou Hellas, BNP Paribas and Signal...
- Hansa Heavy Lift files for insolvency
US owner of HHL says insolvency is because of 'an extremely challenging operating environment in the global shipping industry'
- CMA CGM backs Maersk's zero-carbon plan
French carrier offers support for Danish rival's efforts to remove fossil fuels from shipping by 2050
- Oil cuts to balance market, analysts say
The agreed cut equates to 36 very large crude carriers, or 2.5% of the global crude tanker market, said Jefferies
- Trafigura orders four gas carriers
Overall shipping fixtures for the financial year ended September 2018 amounted to 4,190. This figure is up from 4,151 in...
- Utah coal merchants eye port in Mexico
There is a premium for finding new export outlets for US coal, and exporters are doing all they can to...
- Moody's lowers Maersk rating
The ratings agency said the financial flexibility offered by $5bn worth of Total shares is also positive, allowing Maersk to...
- ADP inaugurates Cosco container terminal
Cosco Shipping Ports Abu Dhabi Terminal will be expanded next year to accommodate 2.5m teu per annum, hosting services both...
- Little return for carriers from Asia-Europe growth spurt
Demand has risen in the final quarter of the year but utilisation rates remain too low for a significant movement...
- Qingdao to build new VLCC berth
The project will be the second VLCC berth in the Dongjiakou port area, which is a key bulk cargo distribution...
- APL will merge intra-Asia trades with CNC
APL takes over sister company CNC and consolidates intra-Asia business under CNC brand
- Aldo Grimaldi, former head of Italy's shipowners' association, dies at 96
The Italian shipowning world has lost 'one of its most famous protagonists', says Confitarma president Mario Mattioli
- Lloyd's List Outlook 2019: Regulation
In 2019 regulators will settle final details around the 2020 sulphur cap and try to offer greater clarity on greenhouse...
- Cargo carrier sinks off northeast China
Beihai Rescue Bureau of the Ministry of Transport said the incident happened about 20 nautical miles to the northeast of...
- IMO takes next steps on autonomous shipping regulation
Safety regulators agree a two-phase approach which will wrap up by May 2020 and will consider regulatory changes or additions
- Maran Gas orders LNG carrier at DSME
The 173,400 cu m gas carrier is scheduled for delivery in the first half of 2021
- Daily Briefing
Lloyd's List Outlook 2019: LPG | Top 10 flag states 2018 | The Lloyd's List Podcast: The future of salvage...
- Top 10 flag states 2018
Our Top 10 flag states list for 2018, ahead of our annual Top 100 most influential people in shipping series...
- Cosco Shipping considers London listing
The talk comes as CSH is seeking financial resources to repay the bridge loan provided by the Bank of China...
|DECEMBER 10, 2018|
- Brazil truckers block road, in support of minimum freight rates
- Virginia port says more truck appointment slots available
- New low-sulfur fuel clauses clarify time charters
- Less 'flashy' logistics tech holds most immediate payback
- Hansa Heavy Lift files for bankruptcy
- CMA CGM ships first locally-booked India smart container
- Asia-Europe volume rebounds as contract talks begin
|DECEMBER 10, 2018|
- OSG extends litany of American Shipping charters
Nine American Shipping Co (AMSC) tankers will stay in the employ of Overseas Shipholding Group (OSG) for the foreseeable future. Monday afternoon, the two jointly announced OSG was exercising options to extend charter agreements with the Norwegian tanker owner. Overseas Shipholding Group returns to black "Our decision resolves the uncertainty associated with approaching contract maturities," OS
- Gourdomichalis brothers seek to recover ship after seizure
Pacific Gulf Shipping simply described a shipping company, court papers say
- Bunge chief executive to step down amid investor pressure
Soren Schroder will serve as US grain trader's CEO until successor is named as board member Kathleen Hyle takes top seat.
- UK ports 'anxious' over Brexit vote delay
Ro-ro ports could 'face real challenges' if UK were to part ways with European Union (EU) without a deal, according to British Ports Association.
- Hansa Heavy Lift hits the buffers
Oaktree pulls the plug on insolvent German heavy lift operator
- Fredly buys even more Hunter
Arne Fredly has bought another round of shares in Hunter Group. Hunter Maritime to pay $132m after tender offer After spending nearly $1m strengthening his position in the Oslo-traded VLCC specialist last week, Fredly's Apollo Asset bought 15,994 Hunter shares Monday at NOK 41.5 ($0.37). Fredly still owns more than 102 million shares of Hunter, or 26.71%. Monday, Hunter shares closed at $0.37.
- UAE investor buys major Gulf Navigation stake
Goldilocks Management says finance facility owns part of the share.
- Global Ship Lease inks two more charters with CMA CGM
The combined Global Ship Lease-Poseidon Containers has inked additional charters with CMA CGM. The 6,882-teu UASC Bubiyan and UASC Yas (both built 2015) will be leased to the French company for five years at $25,910 per day each starting in the second quarter of 2019. Global Ship Lease fixes ship with CMA CGM Poseidon announces five-year deals with CMA CGM "These new long-term charters with CM
- Maersk Broker Bulk Chartering merging with Wonsild Dry
Maersk Broker has taken the latest step in its dry cargo growth story by taking full control of Wonsild Dry. The merger will see Wonsild Dry integrated into Maersk Broker Bulk Chartering in January 2019, over three years after Maersk Broker first bought into the company. Maersk Broker buys into Wonsild Dry Wonsild set to open new coal-trade venture in Bangkok Maersk Broker chief says first hal
- Analyst likens Opec meeting to US sitcom Seinfeld
Uncertainty over whether Opec would cut oil production last week amounted to "Festivus to forget", Wells Fargo Securities analyst Michael Webber wrote ahead of the cartel's meeting. Webber's reference to Festivus harked back to an episode of US sitcom Seinfeld, in which viewers learn the character George Costanza's father, Frank, celebrated on 23 December, rather than Christmas Day. "When George
- Asia to Europe box volumes finally rising
But Drewry says rates have yet to follow suit to any meaningful degree.
- Color fixes $141m financing for cruiseferry
Nordea and DNB among those backing new facility for Color Magic.
- Per Wistoft launches ship swap-shop
Former UACC boss returns with global trading platform for cargoships.
- Jinhui makes small profit on supramax sale
Hong Kong owner offloads 2002-built ship to Bao Fortune.
- Havyard seeks to loosen bond covenant
Norwegian yard has suffered from agreed delays and late orders.
- Tufton in talks to buy eight Offen product tankers
Deal part of a wider effort to sell 10 tankers managed by German shipping company, sources say.
- 'Youth unemployment' is scourge of OSV sector
Possible return of stacked modern ships muting rate recovery, MSI says.
- Aldo Grimaldi dies aged 96
Grimaldi Holding president was a pioneer of fast ferries in the 1960s.
- Analysts count cost of Opec cuts on crude tanker market
Are tanker owners set to see history repeat itself, or will the US floodgates provide some relief?
- Trafigura: tanker charter market tight ahead of 2020 deadline
Trader and owner finding it tougher to secure tonnage as owners foresee better supply-demand balance.
- Force majeure as militia seizes Sharara field in Libya
Libya's National Oil Corporation (NOC) has declared a force majeure at the Sharara oil field after militia seized it over the weekend. It blamed 'civilians' attached to the Petroleum Facilities Guard (PFG), alleging physical threats were made to oilfield employees to get them to halt production. The shutdown of Sharara will result in a daily loss of 315,000 barrels a day, with an additional loss
- Gulf Energy Maritime tied to $64m LR2 market exit
Gulf Energy Maritime looks to have exited the LR2 market with the sale of two tankers in a transaction brokers say provides an important price point for such tonnage. Product tankers ride out of downcycle with a 'Christmas Miracle' The shipowner placed the 114,000-dwt Gulf Vision (built 2012) and Gulf Valour (built 2013) on the market in October, as TradeWinds reported at the time. Now brokers
- EMAS anchor handler heads for the auction block
Lewek Penguin to come under the hammer in Singapore on 18 December.
- EMAS Offshore CFO Hsu resigns
Restructuring Singapore OSV owner EMAS Offshore is looking for a new CFO. It said finance chief Hsu Chong Pin resigned on 7 December. "The board would like to express its appreciation to Mr Hsu for his contributions during his tenure with the company and wishes him well in his future endeavours," it added. In October, the subsidiary of Ezra Holdings made another attempt at restructuring its bal
- Product tankers ride out of downcycle with a 'Christmas Miracle'
Stars have finally align for the underperforming sector with healthy products trades, easing oversupply and regulatory boost.
- BW Offshore scrapping laid-up FSO for $20m
Oslo-listed BW Offshore (BWO) is scrapping a laid-up FSO built in 1980. The 361,000-dwt former ULCC Belokamenka will be recycled in compliance with the Hong Kong Convention, the company said. The Japanese-built unit, previously known as Berge Pioneer, has been stacked in Indonesia since completing a contract as a crude oil terminal for Rosneft off Murmansk, Russia, in late 2015. The sale has ra
- Norsepower harks back to the past to harness future energy
The ultimate future fuel may mean going back to the past to take advantage of carbon-free wind energy. The shipping industry has been sceptical about modern sail concepts, but there is a proven technology - first developed in the 1920s - that has shown demonstrable fuel savings in real-life tests on commercially operating ships in the past few years. Maersk Tankers goes back to the future with w
- COSL orders 12 PSVs at Wuchang and Liaonan yards
CNOOC company renewing offshore fleet with big domestic contracts.
- Cosco MPP rescues British sailor 2,000 miles off Cape Horn
Mission involved two ships as well as maritime rescue centres in Chile and the UK.
- MSC pays California air quality violation fine
Containership giant falls foul of US state's environmental regulations for the second time in 2018.
- Angelicoussis back at DSME for more LNG tonnage
Greek shipowner takes newbuilding tally at South Korean shipbuilder since 1994 to 101 ships.
- COSCO Shipping linked with potential London listing
Chinese giant may take advantage of new tie-up between London and Shanghai exchanges.
- Maersk credit rating downgraded at Moody's
Danish container line is expected to face increased market and execution risks, says rating agency.
|DECEMBER 10, 2018|
- FMC's demurrage report a 'promising beginning'
Innovation teams of industry stakeholders "will meet on a limited, short-term basis to refine commercially viable demurrage and detention approaches."
- ITC determines Chinese aluminum hurts U.S. industry
In the first government self-initiated AD/CVD case since 1985, the ITC voted 5-0 that imports of common alloy aluminum sheet from China materially injure U.S. industry.
- Moody's downgrades Maersk rating
Shipping giant retains investment grade rating, but Moody's expects it to operate at a higher leverage.
- APL, CNC Line to consolidate intra-Asia business
- Agility investing $100 million in digital logistics arm
- Ship recycling platform launches
- Panama Canal, Port of Itaqui sign agreement
- Volga-Dnepr Group opens operations base in Houston
|DECEMBER 10, 2018|
- KUWAIT'S KPC RAISES SHARPLY JAN OSPS FOR NWE AND US, LOWERS OSP FOR ASIA BY 65 CENTS/B
Kuwait Petroleum Corp has lowered the price differential for its crude oil loading in January and destined for Asia by 65 cents/b from December to a discount of 35 cents/b to Platts Oman/Dubai, the company said in a notice Monday.
- Oil consolidates lower as equity rally fails to allay demand growth concerns
An afternoon rally in equity markets failed to move crude markets higher Monday, and the oil complex settled just off of intraday lows.
- US State Department sees increased interest from Congress in targeting Russian energy exports
The US Congress appears increasingly interested in legislation targeting Russian energy exports to counter Moscow's aggression against Ukraine since the Sea of Azov incident, a top State Department official said Monday.
- UKC-WAF clean tanker rate hits 3-year high amid low tonnage
Freight rates to carry a 60,000 mt clean product cargo from the UK Continent to West Africa on a Long-Range tanker vessel strengthened to a three-year high of w170 Friday as demand for clean cargoes, mostly gasoline, drove rates up amid a very tight positioning list, meaning low tonnage.
- ICE low-sulfur gasoil futures speculative net long positions at fresh 17-month low
Speculative net long positions on ICE low-sulfur gasoil futures fell 27,126 contracts to 39,916 contracts in the week to December 4, a fresh 17-month low, according to Intercontinental Exchange data.
- China's Qingdao port to build fourth VLCC terminal, to cater to independents
China's Qingdao Port International is planning to build new berths that will be able receive VLCC and oil product tankers, such as Long Range-class vessels, as well as storage facilities in Shandong province's Dongjiakou region, which will cater to local independent refiners, the company said last Friday.
- Asian middle distillates extend losses on bearish fundamentals; high freight rate
The Asian middle distillates arena extended losses in the first week of December as a result of still-weak fundamentals -- mainly sluggish demand and a supply overhang -- as well as costly freight rates.
- Oil, commodities trader Trafigura seeks to grow US crude exports
Swiss-based commodity trader Trafigura is seeking to grow its position in exporting crude in the US after its global traded volumes jumped by 7.5% this year.
- Rotterdam bunker sales down 7.1% in third quarter
- Poor weather at Novorossiisk pushes some bunker demand to Istanbul: sources
- External: Marine Bunkering(Rotterdam)B.V.
- Platts MOC Singapore fuel oil traded volume surges in Dec, cargo premiums drop
- FUTURES: Crude stable on OPEC cut pledge as US output caps uptick
- Shanghai LSMGO, LSFO demand sees uptick ahead of Jan 1, 2019 ECA