|AUGUST 17, 2018|
- Danaos sells 45.5pc of outstanding common stock to lenders in refinancing
- Freight rates into US driven by capacity reductions and port call shifts
- US pork giant: In 'sell it or smell it' trade, what China won't buy others will
- IMO rule for lower sulphur fuel in 2020 may reduce Canadian oil demand
- India's trade deficit biggest in 5 years, and is expected to widen more
- Singapore's economy to expand 2.5 - 3.5pc after 3.5pc growth last year
- HHLA first half revenues rise 17.9pc, as box revenue increased 2.2pc
- Gateway tariff delay is forecast to knock 1-3pc off Westports' profits
- Relaxation of cabotage stops Indian cargo being sent to foreign ports
- 50pc tariff on steel imports from Turkey aims to bolster US steel industry
- Shanghai Pudong Airport generates most outbound e-air waybills globally
- Ethiopian Airline's FY2017/18 cargo traffic increases 18pc to 400,339 tons
- Oslo Airport to award WFS operation of projected seafood cargo facility
|AUGUST 17, 2018|
- No minimum wage for cabotage
- Versatile vehicle for use in forests
- Mooy Logistics goes to the wall
- 10,000th trailer joins fleet
- SIPG invests in terminal handling equipment
- Conditions for restart of Swiss Ju 52
- Promotions at Europa in Dartford
- Expansion work starts on Rochelle Railroad
- Globaltranz scoops up Synch One
- Papeete opts for new CCS
- Longest SF Airlines route so far
- New helicopter pilot at Panalpina
- «Curiosity of the day»
- More railfreight to/from Felixstowe thanks to bridge
- Major Swiss retailer to rely on efreight
- Hapag-Lloyd continues reefer investments
- Reshuffle at Union Pacific
- Qantas Freight to open Darwin - Hong Kong service
|AUGUST 16, 2018|
- Lighter weight ship structures can help Chinese yard buffer against rising labour and material costs
- Mixed fortunes for Baltic freight ferry operators
- DFDS orders sixth ro-ro from Jinling Shipyard
- Product tanker recovery remains elusive
- Boskalis makes EUR397 million special charge as it exits low-end heavy transport market
- US targets Russian, Chinese port, logistics firms in North Korean sanctions
- SCI tanker crew detained in hit-and-run, VLCC explosion contained
- Hartmann Group leaner but agile as ever, says CEO
- SK Shipping could list bunkering unit SK B&T
- Evergreen confirms plans to charter 38 feeder newbuildings
|AUGUST 16, 2018|
- DP World posts a strong first half as its customers wallow in an ocean of red ink
- Lufthansa and Brussels Airlines to market and sell cargo capacity together
- Thai forwarders looking forward to a busy peak season as ocean trade builds
- Hyperloop at five and sci-fi transport quickly becoming more sci than fi
|AUGUST 16, 2018|
- Conrad books $60.8 million in new contracts
- Safety Alert: LED lights may interfere with VHF-FM and AIS reception
- VIDEO: Maersk Supply joins Ocean Cleanup project
- Davie delivers first LNG fueled ferry built in North America
|AUGUST 16, 2018|
- Bad bunker cases on the increase, says Lloyd's Register
The use of unusual blend components may increase in the run-up to the low-sulphur regulations taking effect as people try to...
- US blacklists Chinese shipping firms and Russian port agency over sanctions
The US warns over 'deceptive shipping practices' conducted by North Korea to evade sanctions
- Chinese exports hold up despite trade war
Volumes could stall later in the year but Nomura analyst believes authorities will be restrained in trying to resolve the...
- Turkish shipbreakers catch a breather
The largest shipbreaking industry outside of Asia may escape from catastrophe as Turkish scrap price recovers
- DFDS battles headwinds from Turkey and Brexit
Chief executive speaks of growing trade imbalance in Turkey as a result of the political tension with the US that...
- DryShips agrees sale of 17-year-old panamax
Delivery to the buyer, which is unaffiliated to DryShips, will be within this month
- Greeks lead secondhand ship investments in year to date
Norwegian owners were the second-highest spenders, with close to $1.8bn of market purchases, ahead of Chinese owners on nearly $1.2bn
- DP World revenues up on volume growth
Profits slip as integration of new businesses and problems at Doraleh hit margins
- Torm's net losses widen on weak earnings
Danish owner remains a strong performer but is not immune from general spot market weakness
- Viewpoint: Hard to be the ideal husband
An increasing problem faced by many shipmanagers is a shortage in technical superintendents and fleet managers, people who need to...
- Daily Briefing
US crude is still flowing into China | Tariff tiffs fail to taint panamax rates | Currency volatility points to...
- DFDS orders another ro-ro ferry after posting weaker second-quarter profit
Order is placed after the company posts a 16% decline in net profit to $62.2m for April-June
- Two killed in SCI tanker fire
The crew member who suffered burns have been evacuated and being treated in Muscat
|AUGUST 16, 2018|
- Ashcroft Terminal expansion to increase Vancouver export opportunities
- US port portals enter new markets with new features
- Analysis: Digital bill of lading holds manifold benefits for shipping
- DFDS posts solid earnings growth, expects strong 2018
- Growth accelerates at top global ports
- Maersk resumes Maldives operations with Colombo feeder
|AUGUST 16, 2018|
- Price rise and weak market turn Torm off newbuildings
Jacob Meldgaard says Danish owner is not looking to add to its orderbook right now.
- Vinalines ready to write a new chapter in black ink after IPO
TradeWinds runs the rule over Vietnam's largest shipowner ahead of next month's Hanoi Stock Exchange listing
- Fink's BlackRock has placed wagers across shipping sectors
- Ariston bulker free after seven-week arrest in the UK
NatWest Markets arrested vessel after failing to get added security when falling value breached loan covenant
- Changing of the guard slows pace of deals
- BoCom FL to expand 'pure owner' fleet by 10 vessels
China's Bank of Communications Financial Leasing is adding supramaxes to its non-leased bulker fleet through a deal with a German bank
- Tschudi exits offshore as losses continue
- Tidewater honours cash-flow vow in second quarter
Higher day rates are 'the only missing piece of Tidewater puzzle', says analyst
- HS Schiffahrts scoops up another feeder boxship
Latest acquisition to be deployed in new chartering venture
- Bunnemann continues boxship spending spree
- Shin Yang doubles up on feeder boxships
- Container market tilts in favour of liner operators
Capacity management pushes down charter market, but shipowners believe the pendulum will swing back
- Crisis at Lloyd's signals higher premiums ahead for owners
Upheaval in the London insurance market is likely to put underwriters under intense pressure to improve the performance of marine lines
- Carbofin lands LPG charter with Petrobras
- Mozambique LNG reassesses yards and shipowners
- Maran Gas switches FSRU newbuilding to LNG carrier
- Uniper Global mulls taking on a second LNG ship as vision grows
Commodity trader eyes up tonnage move as it expands global portfolio of LNG interests
- Australia's NWS takes bids from shortlisted suitors in LNG carrier sell-off
Latest round of offers submitted from wide range of parties eyeing seven-ship sales buffet
- Blackwell returns to Exxon after 'wild ride'
- Remoy rejects talk that vessels bargains are on way out
- Rem Offshore boosts its fleet by bagging another bargain vessel
Norwegian firm appears to have spent around $30m on assets estimated to be worth up to $157m in a rapid comeback after losing its original fleet in a forced merger
- Salvors eye bounty from two tricky wreck removals
Tender opens for clear-up of Raysut II wreck in Oman, while insurers ponder approach to SSL Kolkata removal in Indian waters
- Oldendorff wins settlement but Bank of China fight goes on
- 2020 fuel switch deadline adds urgency to purge 'bad bunkers'
Spread of contaminated fuel comes at a critical juncture ahead of landmark regulation shift
- Astra takes first steps into tankers with pair of MR product carriers
Four-year-old Greek outfit enters MR arena with Onomichi-built vessels
- Super Eco Tankers offloads its last 1990s-built vessel
Greek owner has been busy disposing of its oldest product tankers this year.
- Petrobras takes four MR tankers on period charters
Brazilian oil company picks up quartet from Stena Bulk and Falcon Navigation
- SK detains Capital VLCC in South Korean port
Greek owner pledges to 'vigorously' challenge 'wrongful arrest' in court
- Malaysia puts superyacht up for grabs
- Erasmus sells oldest bulker for $8.1m to undisclosed buyer
- Exmar and Avance stay out of Equinor VLGC tender
- Diana Shipping locks in panamax bulker at higher rate
Greek owner fixes out one of its vessels on a 12 to 15 month charter.
- Epic Gas says yes to consolidation but no to scrubbers
Charles Maltby says consolidation is healthy and second hand ships are a potential target.
- DHT drives early deal on convertibles
VLCC owner exchanges two-thirds of notes due to mature next fall for 2021 vehicle, raises $41.6m in fresh cash.
- Mercuria becomes Aegean's sole lender
Swiss commodities trader expects to add Mercuria's David Gallagher to Aegean board, a month after announcement of possible partnership.
- DP World sees higher second-half profit
Dubai-based terminal operator sees higher bottom-line amid improved revenue as it eyes 'uncertain' market.
- Container carriers draw different lines for 2020 compliance
Hapag-Lloyd pilot typical of mixed approach to new emissions laws among top container players.
- Maersk Supply Service AHTS joins The Ocean Cleanup
- Torm shows 2020 hand with scrubbers set for all newbuildings
Danish tanker owner says delivery of ships from GSI will not be impacted by the programme.
- Genco sees cost of finance fall after closing five-year loan
US-listed bulker owner says new funding will be tapped to support ships purchased this summer.
- Road to recovery for VLGCs may have a few more twists
Rates have hit multi-year highs this summer but seasonal uplift has not dispersed all the clouds
- Genco Shipping secures new five-year credit facility
US-listed bulker owner says new funding will lower its weighted average cost of debt.
- Compliant fuel, not scrubbers, chief choice for IMO 2020
Only 2% of global fleet to adopt scrubbers to meet sulphur cap requirements, UBS report reveals.
- Siam Lucky and TSM pick up older VLGCs
|AUGUST 16, 2018|
- RCL lessens Q2 loss
Thai-based container shipping line RCL recorded a net loss of 43 million Thai Bahts (U.S. $1.3 million) for the second quarter of 2018, fueled by the unfavorable freight environment and higher bunker costs.
- Little Rock has first female chair
Melissa Hendricks was installed as chair of the board of the Little Rock Port Authority at its August board meeting. Also sworn in were Greg Joslin as vice chair and Joe Bailey as treasurer.
- Executive Moves: Delta, Chain.io
Delta Air Lines has appointed Rafael Figueroa as managing director of cargo operations and customer experience. Chain.io has hired Kurt Corman as vice president of sales and Mike Young as vice president of client success.
- ITC opens produce packaging probe
The International Trade Commission announced Thursday that it will start an investigation into whether imports of certain microperforated packaging containing fresh produce violate U.S. intellectual property rights law.
- CBP issues alcohol tax refund rule
U.S. Customs and Border Protection on Thursday published an interim final rule (IFR) that will enable the agency to refund alcohol excise taxes importers paid prior to CBP assigning them a reduced tax rate or tax credit for alcoholic beverages, pursuant to the Craft Beverage Modernization Act (CBMA) portion of tax reform legislation signed into law on Dec. 22.
- Carver Maritime signs Port Manatee deal
Port Manatee said it has entered into a long-term marine terminal operating agreement with Carver Maritime.
- Spot container rates float back up
Drewry's World Container Index currently stands at $1,759.86 per FEU, up 4 percent from last week and up 12.6 percent year-over-year.
- Truckload rate growth hits double digits
Growth in domestic U.S. truckload rates accelerated yet again in July, with pricing jumping another 10.2 percent compared with the same month a year ago, according to the latest Cass Truckload Linehaul Index.
- Intermodal pricing climbs 12 percent
Intermodal pricing climbed another 12 percent in July compared with the same 2017 period, the largest year-over-year increase since July 2011, according to the latest Cass Intermodal Price Index, which measures all-in per-mile costs.
|AUGUST 16, 2018|
- Iraq crude exports at 3.6 million b/d as of mid-August
Halfway through August, Iraq appears on track to slightly increase its crude exports from July
- Crude futures settle higher on US-China trade talks
Crude futures settled higher Thursday, rising with equities on news that China's commerce ministry said it would resume trade talks with the US later this month
- US keeps up pressure on Iran oil buyers ahead of November sanctions return
US diplomats are expected to increase pressure on top Iranian oil importers as the clock ticks toward the November return of sanctions
- ARA fuel oil stocks steady on week: PJK
Fuel oil stocks in the Amsterdam-Rotterdam-Antwerp hub climbed marginally by 6,000 mt in the seven days to Wednesday to 1.058 million mt
- Rotterdam fuel oil sinks to 3-month low as crude futures slide
The flat price for Rotterdam fuel oil has crashed to a three-month low, in tandem with the decline in ICE Brent crude futures
- Genoa bunker fuels surge against neighboring ports on supply concerns
Bunker fuel prices at the key Italian port of Genoa have outperformed the nearby bunkering hubs of Gibraltar and Malta due to supply concerns
- Mercuria becomes sole lender to bunker supplier Aegean
Energy and commodity group Mercuria is becoming the sole lender to global bunker supplier Aegean Marine Petroleum under its US and global revolving credit facilities
- TRADER NOTE: Ex-Monjasa Dubai manager to develop Trafigura bunker business
- Risks continue to cloud Libya's shaky oil recovery
Output rose above 1 million b/d this week, marking a major reversal in fortunes from early June.
- FEATURE: Newbuild VLCCs moving ULSD from Far East-Europe pressure USGC market
The premium of EN590, the French Winter specification of diesel, over Platts Colonial Pipeline assessment hit a record low Wednesday.
- TRADER NOTE: Oil brokers John Best, John Paul Otieno join INTL FCStone
They will focus on physical markets for crude and refined products.