|DECEMBER 12, 2018|
- CMA CGM drops APL brand in merger with Cheng Lie Navigation
- CMA CGM hikes Asia-East Africa rate US$300/TEU from January 1
- China summons US, Canadian ambassadors in Huawei CFO arrest
- Maersk says it will stop using CO2-emitting fossil fuels in 31 years
- Moody's downgrades Maersk as still stable, but 'not prime' debt
- Liebherr mobile harbour cranes at India's first multi-modal river port
- Yangtze River Port & Logistics attacks Hindenburg Research as libel
- Old Dominion Freight Line says last quarter truck volume holds up well
- Ryanair, EU court, clash on customer cost liability arising from strikes
- Last of Nigeria's weapons-grade uranium flies back to China
- Animal rights hurt medical research by insisting on lab animal flight ban
- Cargolux keeps its core IT systems with Champ contrary to media reports
- Turkey's MNG Airlines starts Cologne-New York freighter service
|DECEMBER 11, 2018|
- APL announces proposed acquisition of CNC for consolidating Intra-Asia business
- IMO 2020 - Advance preparation is key to commercial success
- NTC Logistics conferred supply chain & logistics excellence award in project cargo category
- US Congress amends Shipping Act
- Tea Board report says exports to Pakistan rose 22 pc in first ten months of 2018
- JNPT cuts export dwell time significantly
- Major Port traffic up 5 pc in first eight months
- Bonded cargo from Bangladesh flies out to the world from Kolkata airport
- DICT celebrates 4th Foundation Day
- Global freight growth set to end year on positive note
- India has potential to become global aviation hub: Vice-President
- Lufthansa Cargo invests in Berlin start-up
- VAT increase in Russia
|DECEMBER 12, 2018|
- On top of business down under
- Port railway sets container transport record
- 100 new wagons for intermodal transport in Europe
- New vehicles for Tecon Santos container terminal
- Heavy cargo airline even bigger in Houston
- AAC's Burkhardt - Kaamco's "person of the year"
- Distribution centre for adhesives
- Curtain falls on HHL
- EC approves German aid scheme for modal shift
- Traffic and information improving in Shanghai port
- Freightabase goes mobile
- Air Europa extends cargo business with WFS
- Enhancing Silk Road - Germany LCL service
- New MD for Coyne Airlines
- Crowley adds 400 reefers for Guatemala
- Panama Canal lightening eco-footprint
- "Curiosity of the Day"
- Cathay Pacific digitises cargo infrastructure with Siemens
|DECEMBER 11, 2018|
- China-US trade uncertainty keeps Cargolux's JV cargo airline on the back burner
- BIMCO weighs in with help on charters ahead of low-sulphur fuel regulations
- China-US trade war providing a business bonus for South-east Asian exporters
- Traditional forwarders beginning to see the threat from online platforms
- Key investor confirms Hansa Heavy Lift files for insolvency
- Maritime industry can now use blockchain for certification of seafarers
- Matt Beeton to be new CEO at Port of Tyne
- Supply chain radar: XPO Logistics 'officially a takeover target'
|DECEMBER 11, 2018|
- Shipyard labor supplier to pay $857,868 in discrimination case
- OSG extends American Shipping Company charters
- Alfa Laval GCU leading LNG boil-off gas choice for newbuilds
|DECEMBER 11, 2018|
- Shipping needs to take diversity seriously
The shipping industry is taking diversity more seriously but is not changing fast enough, Wista president tells Lloyd's List Business...
- OSG extends nine tanker charters with American Shipping
Five charters were extended until 2022, four were extended until 2020
- Industry partners eye blockchain records for seafarer certification
BLOC and Lloyd's Register Foundation has started work on the second of three Maritime Blockchain Labs demonstrator projects. This focuses...
- Shipping braced for a year of disruption
The expert panel brought together for the Lloyd's List 2019 Outlook Forum looked ahead to the next 12 month -...
- Barrow quits UK Ship Register
Barrow brought into Maritime & Coastguard Agency-led ship register as part of a wider commitment to generate growth in the...
- Port of Tyne names Matt Beeton as chief executive
The Port of Tyne announced today they have appointed Matt Beeton as chief executive, effective early in the new year
- Safety at sea is still a risk for shipping industry
Boxship fires and cyber attacks could set back the safety improvements that have been made in recent years if not...
- Shipowners should not need finance for scrubbers, says Citi's Parker
Seasoned financier argues that environmental first movers in the shipping industry will reap the rewards as societal norms are evolving
- US import growth said to slow in 2019 from record
Major US retail ports saw more than 2m container imports in October and November
- Lloyd's List Outlook 2019: Insurance
Marine insurers are heading into the uncharted waters of changing risk
- UK ports warn of 'anxiety' over Brexit chaos
The UK's two biggest port lobbies warn that time running is out - and reveal European counterparts are baffled by...
- Terror group link to abducted seafarers off Malaysia
A report by the Regional Co-operation Agreement on Combating Piracy and Armed Robbery against Ships in Asia claims three seafarers...
- NYK orders three more LNG carriers in South Korea
Vessels will be used to carry cargo from the LNG production facilities in US and Canada, among other places
- EIA expects US LNG capacity to double in 2019
The increase in export capacity is likely to favour long-haul shipments from the US to Asian countries
- Daily Briefing
Hansa Heavy Lift files for insolvency | Lloyd's List Outlook 2019: Regulation | Greek Shipping Awards 2018 winners | Top...
- Beijing sets out national shipping sulphur cap
Ministry of Transport has released a formal scheme to implement its shipping emission areas, following a draft plan announced in...
- Maersk Broker Bulk Chartering in merger with Wonsild Dry
Wonsild Dry offices in Copenhagen and Singapore will combine with MBBC's teams
- Top 10 in regulation 2018
Ahead of our annual Top 100 most influential people in shipping series, we reveal how, in a year where there...
|DECEMBER 11, 2018|
- BUILD grants prop up port, highway, rail projects
- Benapole port workers end two-day strike
- Global port productivity static while mega-ship pressure rises
- NY-NJ longshore hiring to support auto handling
|DECEMBER 11, 2018|
- Scorpio Group takes control of Nordic American Offshore
Lauro and management team in, Herbjorn Hansson out after Scorpio pays $5m in private placement for NAO shares.
- Why Scorpio Tankers could be headed for reverse split
Emanuele Lauro-led company tells investors what it sees as its pricing "sweet spot," and why better hire rates alone might not be enough to get there.
- Vanguard takes Norwegian Cruise Line stake past $1bn
The Vanguard Group has extended its interest in Norwegian Cruise Line beyond the $1bn mark at a time other major shareholders have been selling stock. Vanguard, already the second largest investor in the company, has reported a larger stake of 10.14%, up from around 8% back in April this year. Apollo and Genting exit NCL after $962m sale An SEC filing shows the investor to boast 22,312,533 shar
- Fratelli d'Amato exits shipping with PSV fleet sale
Liquidated Italian owner's last ships heading to Azerbaijan's Caspian Marine.
- Nicolas Blanchard in at HSH Nordbank
Supervisory board appoints new chief clients and products officer.
- Feidakis sheds $2m worth of Globus Maritime stock
Globus Maritime chairman George Feidakis has sold shares worth over $2m in the bulker owner. Globus Maritime is back in the black Firment Shipping - the investment company which holds his shares in Nasdaq-listed Globus - has offloaded the stock since mid-November. An SEC filing explains Firment holds the shares for investment purposes and sold 433,765 in total. While stock worth $2.06m has bee
- First Corpus Christi LNG cargo sails on Tsakos ship
Tsakos Energy Navigation LNG carrier expected to lift shipment from Cheniere Energy's new plant
- Diana Shipping charters panamax to Koch
Diana Shipping has chartered one if its panamax bulkers to Koch Shipping. Diana Shipping returns to black, crushes forecasts The New York-listed shipowner says the 77,901-dwt Ismene (built 2013) has been fixed until early 2020 at $12,125 per day. It is expected to net Diana roughly $4.6m in revenue. The Ismene is one of Diana's newer panamax bulkers, of which it owns 20. According to Vessels
- Olympic Subsea wins more time before it has to list
Stig Remoy-led owner persuades bondholders to halt flotation in tough markets.
- Latsis tops list of likely buyers for Gulf Energy LR2 duo
Metrostar and Aegean Shipping also mentioned as possible buyers.
- Eimskip mulls boxship fleet restructuring
One vessel already taken off-hire in Norway as line eyes cost cuts.
- Scorpio Tankers tells investors recovery now in full swing
Executives ready to tell New York finance session month-long rebound in products rates is the real thing, with more fun to come before 2020 "party" even begins.
- Recovery in Iranian oil exports may boost tanker employment
Increase in shipments could bring floating storage opportunities
- Koch takes Shipping Corp of India LR2 in buoyant product tanker market
The 104,000-dwt Swarna Jayanti was chartered out for up to 12 months as spot earnings of product tankers reach multi-year highs
- Trio of VLCCs loading in Louisiana helps lift tanker market blues
The sight of three VLCCs loading at Louisiana Offshore Oil Port during the past seven days is highly positive for the tanker market, a leading analyst says. Analysts count cost of Opec cuts on crude tanker market Rising US exports have been highlighted as helpful to the market which will be impacted by Opec cuts in the coming months. Petter Haugen of Kepler Cheuvreux says the three tankers have
- Noble makes last-ditch court bid to save restructuring
Liquidation looming if trader and bulker owner fails to push through $3.5bn debt scheme after listing transfer blocked in Singapore.
- VIDEO: BW LPG crew praised for thwarting pirates
The crew of a BW LPG VLGC have been recognised for their bravery in deterring a pirate attack off Congo in October. The 84,000-cbm BW Frigg (built 2016) narrowly escaped a hijacking, TradeWinds reported at the time. All the crew have now been presented with bravery awards on board the vessel. Pontus Berg of BW LPG told the crew: "What you did out there out there goes above and beyond wh
- Frode Teigen takes $70m stake in Belships after closing merger with Lighthouse
Sverre Tidemand left with 10% of Oslo-listed bulker owner his family has controlled since 1930s.
- Gylfi Sigfusson stepping down at Eimskip
Long-serving boxship boss moving to the US.
- Shipping has been sailing solo for too long. Now it must learn to share
An industry that has traditionally been the home of strong individual players will increasingly find that collaboration and decentralisation are the keys to success, writes EY Law's Mads Ribe
- Crewman killed as cargoship breaks in two
Nine other seafarers rescued after vessel sinks off China.
- Pacific International Lines exiting capesize bulker market
Singapore's Pacific International Lines (PIL) is said to be exiting the market for capesize bulkers. PIL founder, 100, is world's oldest billionaire SS Teo plans to keep PIL "nimble" Shipbrokers say PIL is selling the Hyundai built 179,000-dwt Shagang Hongchang and Shagang Hongfa (both built 2011) to a Greek or Chinese buyer for $32m each. The deal is understood to include three year charte
- Marinakis continues to harvest profit on counter-cyclical capesize asset play
Third of six bulkers bought in late 2016 now believed to have been cashed in.
- Real-estate giant eyes up the SS United States
Longest laid-up passengership could finally find a new purpose in life.
- Shipbroker SSY beefs up with new office in Madrid
New Spanish arm for major UK shop will be headed by Mike Driscoll.
- Ostensjo secures winter renewables work
Norway's Ostensjo Rederi has won a contract to operate one of its vessels in the renewables sector. It announced a deal with VBMS that will keep its 2,300-dwt Sun Enabler (built 2009) busy through the winter. The unit is a research ship. The term of the contract was not revealed. VBMS is a Boskalis wind farm cable company.
- Tufton Oceanic Assets moves into product tanker market
London-listed shipowner adds a fourth vessel type to its fleet with $36m tanker buy.
- Western Marine reveals tanker, OSV orders
Bangladesh's Western Marine Shipyard has booked orders for tankers and an offshore support vessel (OSV) from the UAE. The Chattogram-based yard's managing director Sakhawat Hossain told the Financial Express that the deal is worth BDT 860m ($10.25m). "We are building two ocean-going tankers and one OSV for UAE," he added. They are due for delivery in the next one to two years, he said. The y
- Shearwater wins eight months of survey work
Norway's Shearwater GeoServices has clinched contracts for eight vessel-months of survey work. The joint venture between Rasmussengruppen and GC Rieber said one of its ships would carry out a project in the Arabian Sea for Eni in partnership with Oman Oil Company Exploration and Production. The work will be carried out over three months in Block 52 later this year. It involves a 2,500 sq km 3D
- Agent and terminal take rap for tanker spill
Indian pollution board blames faulty hose for leak from Andromeda's Coral Stars.
- Shanghai Salvage expected to win SSL Kolkata wreck removal
Chinese-led joint venture is favourite to win tender with stringent conditions
- NYK seals long-term LNG charter deals with Mitsubishi
Trio of vessels will be used to import gas from trading company's US and Canadian projects.
- Louis Dreyfus big gainer in Brazil soy export boom
Commodity giant said to account for 13% of South American nation's exports year-to-date.
- OSG extension of AMSC charters a "win-win" for both parties
Cash flow visibility a boost for tonnage provider in run up to debt refinancing, says Arctic.
- Panama Canal targets Brazil-China dry cargo trades
Waterway aims to take advantage of grain exporters major increases in shipment volumes.
|DECEMBER 11, 2018|
- Spared by earthquake, Port of Alaska still needs rehab
Built in the 1960s, the port needs more than $1 billion to replace old docks and remove what it says was earlier botched construction work.
- FedEx stock tumbles after rating downgrade
Bank of America Merrill Lynch said it dropped the parcel carrier's rating due to the "surprising" departure of the Express segment's CEO.
- BIC alleges IP infringement of other lighters
BIC Corp. is seeking a general exclusion order for imports of several different brands of lighters.
- Maersk introduces cargo insurance alternative
Value Protect "can act as a substitute or as supplement to regular cargo insurance."
- BIS eyes Chemical Weapons Convention's impact
Information will be used to prepare certification to Congress on whether chemical, biotechnology and pharmaceutical firms are harmed by the convention's implementation.
- USDOT awards $1.5 Billion in transportation grants
- Symbia Logistics looks to 'extremely exciting' future
- MNX acquires Network Global's express division
- Executive Moves: TOTE, Waterways Council, Coyne
- Sixteen OTI license applications under review
- Port of Hueneme signs project labor agreement
|DECEMBER 11, 2018|
- Crude rally slows in afternoon trading as equities trend lower
Crude markets settled up, but off intraday highs as the morning's price rally slowed in afternoon trading
- Asian refiners may cheer Qatar's exit from OPEC
Qatar's decision to leave the OPEC may work in favor of major Asian oil consumers
- UAE invests in crude production for the long term, despite OPEC cuts
The UAE is launching into an aggressive plan to expand its crude production capacity
- Russia to reduce liquids output by 50,000-60,000 b/d in Jan under OPEC deal: Novak
Russia will cut its liquids output by 50,000-60,000 b/d in January
- Environmental groups sue to stop US Atlantic seismic tests
Nine environmental groups on Tuesday sued the Trump administration in an effort to block seismic testing for oil
- Flurry of Rotterdam HSFO barge MOC trades causing delays in barge loadings
Heightened activity in the 3.5% FOB Rotterdam barge MOC assessment process this month is causing loading delays in Rotterdam
- Singapore's 2019 bunker fuel outlook seen positive amid industry restructure, changing rules
Market sources expect the full-year volume to surpass the 50 million mt mark.
- BIMCO publishes two bunker clauses to prepare for IMO 2020 rule
The "BIMCO 2020 Marine Sulphur Content Clause for Time Charter Parties" and the "BIMCO 2020 Fuel Transition Clause for Time Charter Parties" are available online.
- IN THE LOOP: Three VLCCs depart LOOP for India, S. Korea - 10Dec18
The three VLCCs were loaded with crude sourced from LOOP's Clovelly Hub, including a light sweet crude grade, most likely either LLS or WTI MEH.