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20 June 2019 The on-line newspaper devoted to the world of transports 09:18 GMT+2

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Sched Netweb site
AUGUST 13, 2018
  • Asia-Europe rate increases 1.4pc to US$948/TEU, but falls 0.3pc to USWC
  • CMA CGM to increase its Asia-Red Sea rate US$200/TEU from August 19
  • US containerised imports setting records as shippers try to beat tariff wall
  • Hong Kong economic growth slows to 3.5pc from 4.7pc: HK Government
  • Hapag-Lloyd hit by first half loss of US$115.4 million while sales rise 20pc
  • Trump-supporting California farmers fear trade war's impact on cash crops
  • EU to award Romania US$68 million to upgrade River Danube navigation
  • CEVA Logistics joins block chain technology scheme with IBM and Maersk
  • CEVA completes US$1.4 billion refinancing to strengthen its debt portfolio
  • Irish food would be spoiled if post-Brexit shipping route made permanent
  • China's courier firms accelerate delivery times, boost air cargo investment
  • Singapore settles on Wilhelmsen as a maritime partner for drone delivery
  • AXIT links its logistics platform to INTTRA network for better box bookings
  • ATSG's revenue rises 10.9pc to US$58.6 million driven by leasing demand
  • Air Canada Cargo becomes first to achieve CEIV Live Animals classification

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Exim Indiaweb site
AUGUST 12, 2018
  • Forwarders still suffering from Felixstowe problems, says freight association
  • Maersk & IBM launch blockchain solution
  • ZIM reveals details of new Asia-America network
  • Cotton exports for season estimated at 70 lakh bales
  • Tea exports seen increasing in 2018
  • DPT's Deputy Conservator felicitated for timely action during vessel fire
  • Five Major Ports to have dedicated cruise terminals
  • Shipping Minister inaugurates new cranes at VCT
  • Traffic movement directive at JN Port
  • Feasibility studies being conducted for high-speed rail on key routes
  • Govt facilitating freight infrastructure development at railway yards
  • Survey shows improvement in export outlook
  • Anant Swarup, Joint Secretary (Logistics) in Ministry of Commerce & Industry, to grace MALA 2018

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International Transport Journalweb site
AUGUST 13, 2018
  • Major fleet expansion for Russian FTL haulier
  • More space for Lamprecht Transport
  • Duo to lead HHLA Real Estate
  • Owner change for Grenada Railroad
  • Volga-Dnepr on Cargolux's tracks to China
  • UAL enlarging heavylift capacities
  • Geis provides logistics for online drugstore chain
  • Expanding warehouse in Poland
  • Good H1 for Port of Switzerland
  • Vancouver office for Singaporean navigators
  • B777F flights between Doha and Indonesia
  • Intermodal terminal up and running after accident
  • Mixed bag of results for Hapag Lloyd in H1/2018
  • Good results despite margin pressure
  • Strategic task force for innovation in HK
  • Eva Air Cargo adding three new routes

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IHS Maritimeweb site
AUGUST 10, 2018
  • INTERTANKO calls for action on contaminated fuel oil
  • Chinese shipbuilding earnings, deliveries down, Yangzijiang bucks trend
  • Signs of recovery in troubled VLCC sector
  • Hapag-Lloyd doubles first-half loss
  • Malaysian shipowners 'hurt' by cabotage rule change, trade group says
  • Tongyeong citizens to bid for Sungdong shipyard
  • Potential is strong for Indian LNG imports
  • India's relaxed cabotage rules expected to boost shipping line competition
  • Keppel O&M pulls out of Azerbaijan shipyard management contract
  • Triyards gets USD3.8 million lifeline, along with wind-up summons
  • HMM distances itself from the Hyundai brand

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The Loadstarweb site
AUGUST 10, 2018
    Battle with rising fuel prices pushes Hapag-Lloyd deeper into the red
  • Carriers take comfort as spot rates look to be entering calmer waters
  • Port of Halifax puts real-time terminal performance numbers online
  • Ports and forwarders sign up for Maersk/IBM blockchain platform, but not the carriers
  • Autonomous logistics is catching on as robots advance
  • Air Canada the first to gain IATA CEIV live animals certification

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Marine Logweb site
AUGUST 10, 2018
  • GAO to DOT: "expeditiously finalize" strategy for U.S.-flag fleet
  • VIDEO: Investigation fails to pinpoint cause of Sewol ferry sinking
  • Crane refit readies jack-up for installation of next gen wind turbines
  • Dorian LPG reports loss-making quarter

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Lloyd's Listweb site
AUGUST 10, 2018
  • The Interview: Stephen Seymour
    Värde is in for the long haul and seeking to become an alternative capital provider for shipping, managing director Stephen...
  • From Brexit to Djibouti, shipping must decry economic nationalism
    From Trump's trade wars to Brexit, to Djibouti seizing the jewel of Doraleh Container Terminal from DP World, economic nationalism is...
  • South Korea probes shipowners after coal trades with North Korea
    More than 33,000 tonnes of North Korean coal was illegally imported to South Korea last year in violation of United...
  • Intertanko calls on governments to deal with unsafe bunker fuels
    Industry body for tanker firms lashes out at some governments' apparent ignorance of bad bunker issues
  • P&I Clubs may seek exemption from EU blocking statute
    Blocking regulation allows one EU entity to sue another for damages arising from compliance with US sanctions against Iran
  • Yang Ming completes second quarter with bigger losses
    Average bunker price jumped 25% year on year in the first half, taking a toll on profitability, the company says
  • EuroDry beats Wall Street estimates in first results after spin-off
    Greek owner of six bulkers says it's still an 'opportune' time to grow
  • GasLog donates $500,000 to orphanage caught in Greek blaze
    Peter Livanos-backed LNG carrier owner is latest to contribute to outpouring of help from shipping and shipowner-linked foundations in wake...
  • A party for one ain't no fun
    Maersk's TradeLens initiative could be just another blockchain trial without support from global carriers
  • US sanctions squeeze Iranian logistics sector
    Transformative investments now on hold as Iran falls under sanctions pressure again
  • Hellenic Bank grows ship finance book with largest loan
    Head of ship finance for the Cyprus-based bank says $50m facility for FSL Trust is a 'big ticket' for the...
  • Daily Briefing
    Djibouti stalemate | Maersk and IBM blockchain launches | The scrubber gold rush | Results round-up: Euronav, Dorian, Star, WWL...
  • Hapag-Lloyd slumps to $115m loss in first half
    Rising costs and weak rates batter German container line
  • Sinotrans Shipping posts expectation-beating results in first half
    Both its dry bulker intra-Asia focused container shipping businesses reported a substantial increase in profit

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The Journal of Commerceweb site
AUGUST 10, 2018
  • Brazil's Wilport doubles Lake of Ducks feeder capacity on rising demand
  • US import scarcity grants trans-Pac carriers pricing control
  • Container lines should fear the low sulfur rule
  • 2018 JOC Directory of Trucking Companies
  • APM Terminals Pipavav's outreach pays off with volume growth
  • Yang Ming loses $124 million but expects better second half
  • Hapag-Lloyd loses $116 million, cites 'significant geopolitical uncertainties'

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TradeWindsweb site
AUGUST 10, 2018
  • Nordic American Offshore bleeds another $10.1m
    Herbjorn Hansson's offshoot company does not pay a quarterly dividend and cites higher-than-expected costs in bringing vessels out of layup.
  • Great Eastern Shipping buys secondhand VLGC
    Purchase marks company's 70th birthday and was disclosed at a time when the shipowner is boosting its cyber security.
  • Viking Supply axing AHTS quartet and exiting PSV sector
    Sales come as the company positions itself in a recovering market.
  • First Yamal T2 cargo sails on non-Arc7 ship
    Russia's Arctic liquefaction project puts second train into production ahead of schedule
  • Euroseas swings back to profit
    US-listed boxship owner sees higher revenue in a better market compared to a year ago.
  • Pyxis Tankers eyes medium range rate rise in the fall
    No scrubbers in the plan but the Nasdaq-listed tanker owner is holding fire on fresh contract cover for now.
  • Overseas Shipholding Group looks to long-term contracts
    Spot market falls out for Jones Act tanker owner during second quarter.
  • Dorian reveals $20m scrubber project as it mulls BW LPG offer
    Retrofitting project on seven VLGCs in the works as normal business continues amid takeover drama.
  • Danske Bank upgrades Wallenius Wilhelmsen after share price fall
    Bank still believes earnings will not return to normalised levels until 2020.
  • Wilson posts higher profit amid better rates
    Norwegian owner benefits from an improved market that resulted in higher revenue.
  • Hapag loss grows amid 'significant geopolitical uncertainties'
    Chief executive Rolf Habben Jansen spells out additional cuts as second quarter results fall in line with forecasts.
  • Cost cutting helps lift profit at Sinotrans Shipping
    Hong Kong-listed shipowner benefits from improving relations between China and Japan.
  • US-China trade spat driving up container shipping rates
    Cargo interests looking to get ahead of further tariff hikes have contributed to spike, says analyst.
  • EuroDry reports first profit since spin-off
    Aristides Pittas-led owner has been "evaluating opportunities" to acquire new vessels and M&A.
  • Inpex delays Ichthys project shipment outlook
    Japanese-backed project says first shipments of LPG and LNG won't start until December.
  • Genco to continue capesize spot market play
    John Wobensmith-led shipowner keeps focus on short-term fixtures for capesize vessels.
  • Genco to offload 12 more vessels by year end
    US-listed shipowner to decide on scrubber installation by mid fourth quarter

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American Shipperweb site
AUGUST 10, 2018
  • Yang Ming sinks deeper into red
    Yang Ming's net loss sank deeper into the red in the second quarter and first half of 2018 compared to the corresponding periods in 2017 as the Taiwanese ocean carrier battled headwinds from higher bunker prices, lower spot rates and oversupply across the shipping industry.
  • No harm from South Korean bearings
    The U.S. International Trade Commission has found that American manufacturers of tapered roller bearings - namely The Timken Co. of North Canton, Ohio - are not harmed by the same imports from South Korea.
  • Hapag-Lloyd reports $80 million loss
    Hapag-Lloyd had a loss of $80.1 million in the second quarter ending June 30 compared with a profit of $17.2 million in the second quarter of 2017.
  • Marine highway projects get $4.8 million
    The U.S. Maritime Administration released $4.87 million in grants to help expand existing container-on-barge services in Louisiana, Virginia, New York and Connecticut and support the development of new services in Kentucky and Rhode Island.
  • WiseTech acquires Taric
    Logistics software provider WiseTech Global on Tuesday announced the acquisition of Taric, a customs management solutions provider in Spain.
  • Hyacinth macaw threatened species
    The Fish and Wildlife Service announced in a final rule the addition to the U.S. List of Threatened and Endangered Wildlife the hyacinth macaw, a species occurring almost exclusively in Brazil and "marginally" in Bolivia.
  • Trump orders metal tariffs on Turkey to double
    President Donald Trump announced on Twitter Friday morning that he has authorized steel and aluminum tariffs on Turkey to be doubled as the Turkish lira currency continues to be devalued against "our very strong dollar."
  • Container imports strong this summer
    With retail sales rising and retailers rushing to bring merchandise into the country ahead of proposed new tariffs on products from China, imports at container ports heavily used by the nation's retailers are setting new highs this

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The Bunker Bulletinweb site
AUGUST 10, 2018
  • IEA says world oil demand grew just 750,000 b/d on year in Q2
    The International Energy Agency on Friday raised its estimate of world oil demand growth next year to 1.5 million b/d from 1.4 million b/d, anticipating
  • Fuel oil market supported by strong power generation demand: IEA
    The fuel oil market has been supported recently by o increased demand from the Middle East and Asia for power generation, the International Energy Agency said
  • New US sanctions put pressure on Russian economy, limited risk to energy sector
  • Crude futures rangebound on jump in US rig count
    Crude futures were little changed in afternoon trade Friday, remaining higher on the day, but rangebound following the release of the weekly rig report
  • NWE bunker fuel volumes traded in Platts MOC down on week as Saudi demand softens; sources
    Traded volumes of RMG 380 CST bunker fuel dipped lower this week in the Platts Market on Close assessment process in Europe, despite
  • Wallenius Wilhelmsen set to opt for LSFO, scrubbers to meet IMO 2020 rule
    "Wallenius Wilhelmsen has chosen a balanced approach which gives the best chance of managing risks and costs," it said.
  • Mexico's Enestas joins SEA\LNG coalition
    Coalition plans to leverage Enestas' vast network to promote LNG use for shipping.
  • UK's Quadrise upbeat on emulsion bunker fuel uptake as 2020 looms
    Company envisages wider distribution of its fuel, especially from refineries at main bunkering ports.
  • SUBSCRIBER NOTE: USGC HSFO quality and testing procedures
    Barrels traded within the MOC process should not be unreasonably rejected by an entity, and any rejection based on quality may be subject to Platts review
  • Chinese LNG buyers scramble for alternatives amid threat of tariffs on US imports
    However, the flexibility of US LNG supply is drawing interest from new companies in physical trading.
  • FUTURES: Crude stable amid trade tensions, rising supply
    "Crude oil is likely poised to see further declines, especially if additional tariffs on imports are imposed in the coming weeks," Gan said.
  • LQM Petroleum buys Ches Bunker, adding to USGC footprint
    The acquisition reinforces LQM Petroleum's in the Texas and US Gulf region

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