|AUGUST 20, 2018|
- Asia-Europe rate falls 2.1pc to US$928/TEU, increases by 0.9pc to USWC
- SITC first half profit rises 7pc to US$91.8 million as revenue rises 7.3pc
- DP World first half net profit slips 2.1pc, but revenues increase 14.4pc
- China files WTO complaint over solar panels, says US distorts markets
- Regional Container Line suffers US$1.3 million loss as revenues rise 2.8pc
- India's shipping secretary favours opening sector to spur tonnage growth
- US turns to blockchain to authenticate NAFTA and CAFTA certificates
- South Korea seeks to form railway community like coal deal that set up EU
- Greencarrier opens online shop to compare options and book shipments
- US grocery giant Kroger to sell in China through Alibaba online market
- Taiwan's Dimerco in JV with Logicentrix to enhance expansion in India
- Cathay-Dragonair July cargo up 2.9pc with transshipments leading gains
- Turkish Cargo flies 5 endangered rhinos from Johannesburg to Shanghai
- London Stansted experiences 4.5pc increase in air cargo traffic in July
|AUGUST 19, 2018|
- A.P. Moller - Maersk A/S delivers revenue growth in challenged market
- NYK to participate in demonstration project to remotely operate a ship
- Exports up in dollar & rupee terms in July
- July exports again up double-digits, but rate of growth continues to recede: FIEO President
- Cargo movement at JN Port seriously affected due to traffic police directive, says trade
- DP World announces strong financial results for H1
- Employees of Cochin Port to contribute a day's salary to Chief Minister's Relief Fund
- JNPT celebrates 72nd Independence Day with great enthusiasm
- Kakinada port opens up for Cape vessels
- Air & ocean freight rates seen facing downward pressure in US
- FFFAI to organise Young Logistics Programme on Sept. 24 in New Delhi
- Gati's consolidated revenue from operations up in Q1
- Economy on growth path, shows survey
- Export Promotion Councils should work for the promotion of GI products: Suresh Prabhu
- The infrastructure legacy of Atal Behari Vajpayee
|AUGUST 20, 2018|
- Prospects are good
- 25 new tractors for Steden
- Breaking ground for new parcel sorting centre
- Air Niugini Cargo appoints GSA in Australia
- Safer and easier daily trips for HGVs
- Combi Lift hires new MD
- TX Logistics reinforces HR
- Converter not to be installed in port area
- Universal Logistics acquires Southern Counties Express
- First semester in line for port of Trieste
- Secondary rail examination station opens in Lardo
- «Curiosity of the day»
- ZF Friedrichshafen and Transco step up cooperation
- Manston's reopening plans overcome next hurdle
- Yang Ming - newbuilds on order and boxes for sale
- New MD for Delta Air Lines Cargo
- Gateway Basel Nord: permit for link to Germany
- Emirates ups Toronto frequency
|AUGUST 17, 2018|
- Maersk warns of US tariffs impact on US-China volumes
- Scandinavian shipowners upbeat on dry bulk market
- Port berth sensors aim to optimise cargo loading
- APM to demerge Maersk Drilling next year with separate listing
- KOGAS to spend USD10 billion to encourage LNG consumption
- SITC posts 7% rise in first half amid higher revenue per teu
- EMAS Offshore faces Oslo delisting again
- Celsius Shipping moves into LNG with orders at Samsung HI
- Sinokor-Heung-A merged container entity receives Seoul's financial backing
|AUGUST 17, 2018|
- The worst is over claim box carriers that see signs of a profit in Q3
- Charter brokers propelled to lofty heights by tight capacity and strong demand
- Maersk 'back in control of costs' after poor first half and vows to 'improve results'
- Hapag-Lloyd boosts reefer fleet with 11,100 new boxes
- Indonesian pharma sector gets a boost as new DGF cold storage facility opens
|AUGUST 17, 2018|
- Software update simplifies compliance with Common Structural Rules
- Allweiler launches new compact centrifugal pumps
- Kenya Ports Authority takes delivery of RAstar 3200 tug
|AUGUST 17, 2018|
- The Interview: Ian Beveridge
As head of Bernhard Schulte Shipmanagement since the start of this year, Ian Beveridge has been keen to strike a...
- SMM briefing to tackle whether there's more to efficiency than technology
Building on discussions in Singapore, Houston, and Piraeus, Lloyd's List brings the successful Three Elements series to Hamburg, the centre...
- Genoa terminals unaffected by bridge collapse
The Italian Federation of Shipping Agents says Genoa's terminals are operating at 100%
- Greek experience points to likely greater scale of bad bunker cases
Cases among Greek owners hit 120, say industry sources
- The Lloyd's List Podcast: Bad bunkers
Listen to the latest edition of Lloyd's List's weekly podcast - your weekly briefing on the stories shaping shipping in...
- Lloyd Fonds set for industry exit
Hamburg outfit still associated with fleet of 24 vessels, with many more managed
- Container shipping's hunger games
Box lines can't blame bunker costs alone
- Maersk focuses on capacity management to curb costs
Line will close unprofitable trades in an effort make its network more efficient
- Hapag-Lloyd expands East African presence
Hapag-Lloyd's revised East Africa loop will launch from September
- J. Lauritzen sees strength in dry bulk markets
Update: Chief executive of Danish shipping company says he does not rule out an initial public offering down the line
- Golden Ocean takes scrubbers as profits rise
Chief executive says the market continues to strengthen, especially for capesizes, the sector in which it is most exposed
- Feeder market ripe for consolidation
Overcapacity and slim margins could see M&A activity or business failures after 2020
- Daily Briefing
Bad bunkers are booming | Greeks are buying | Turks are scrapping | And Chinese are exporting, despite the best...
- Maersk to seek separate listing for drilling unit
Second quarter profit slumps on higher fuel costs
- Samsung Heavy banks $370m LNG newbuilds from Celsius
Contract also includes an option for two more vessels, while delivery is scheduled at the end of 2020
|AUGUST 17, 2018|
- Peak season scramble for US-Asia slots intensifies
- US importers from Mexico ramp up ocean routing to avoid land border
- Penske joins global effort to charge e-trucks
- JNPT's direct port delivery still not benefitting new 3PLs
- Center's projects test sharing of European port data
- APMT Terrminals volume jumps on Hamburg Sud's new business
- Damco posts strong revenue growth on volume, new customers
- Maersk ekes out profit, expects higher rates through 2018
|AUGUST 17, 2018|
- HSH Nordbank tips equity stake in Danaos
Holding of more than 20% is the result of debt-for-equity swap hammered out in June.
- Frontline leads the way as Fearnley sparks tanker share rally
Crude tanker peer group on the up following forecasts for the next super-cycle.
- Post-panamax sale shows firming price trend
A sale of a post-panamax bulker owned by a Japanese company has provided a positive new price level for such tonnage, brokers say. Reports suggest the 98,700-dwt Ten Jin Maru (uilt 2011) has been sold at a price of $21.5m. Bocimar post-panamax bulker fetches firm price Sources tell TradeWinds some believe the price for the ship could be even higher, however, a buyer has yet to be confirmed. Ve
- Fearnley Securities buys into new crude tanker 'super-cycle'
Upgrade for a sector set to turn comes alongside buy ratings for International Seaways and Okeanis Eco Tankers.
- Global Ports Holding narrows half-year loss
The Turkey-based cruise port operator sees 'record' revenue but is hit with $16m cost tied to port operation rights.
- Skou keeping a lid on spending at Maersk and retains a dislike for scrubbers
Newbuildings still off the menu for Maersk Line but a few scrubbers could be ordered.
- Western Bulk swings back to profit
Oslo bulker operator sees higher revenue for the first six months of 2018 amid higher volumes and longer sailing distances.
- AP Moller-Maersk swings cost axe in 'unsatisfactory quarter'
Danish giant looks for a better second half despite what analysts believe was a relatively good second quarter.
- Golden Ocean to install scrubbers on 16 capesize bulkers
Bulker owner has option to outfit 25 vessels with the IMO 2020-compliant technology.
- EMAS Offshore anchor-handler arrested in Singapore
Singaporean shipyard says bills for repair work carried out on the Lewek Penguin are overdue.
- AP Moller-Maersk reveals listing plan for Maersk Drilling
Listing in Copenhagen planned for next year as strategy to change conglomerate into the FedEx of container logistics takes another step.
- Team Tankers books net profit in second quarter
Laurin and Anglo-Atlantic Steamship acquisitions boost revenue at Hans Feringa-led shipowner.
- Celsius Tankers enters LNG sphere with Samsung orders
Danish shipowner's vessels will come scrubber and ballast water treatment system ready.
- Oslo Bors looks to delist EMAS at second attempt
Singapore offshore vessel operator given three weeks to appeal latest decision.
- Noble: EuroDry off to good start as a pure play
Bulker owner's healthy finances should widen investor appeal, says analyst.
|AUGUST 17, 2018|
- Oakland foresees 'cargo-handling campus'
The Port of Oakland said Friday that CenterPoint Properties is expected to begin site preparation in October for a building at the port ' s Seaport Logistics Complex on a 27-acre parcel CenterPoint is leasing from the port.
- DP World's first-half profits slip
DP World saw its profits attributable to owners of the company slip 2.1 percent in the first half of 2018 to $593 million, according to the Dubai-based container terminal operator's most recent financial statements.
- CBP prioritizes modernization wish list
As U.S. Customs and Border Protection works toward promoting introduction of successor legislation to the Customs Modernization Act of 1993, the agency sees several major areas necessary to prioritize for modernizing its trade enforcement functions, CBP Executive Assistant Commissioner for Trade Brenda Smith said Tuesday during the agency's 2018 Trade Symposium in Atlanta.
- Law would lower minimum age for CDL
New legislation was introduced in the Senate Thursday to lower the age for operating a commercial motor vehicle across state lines from 21 to 18.
- Maersk revenue boosted by Hamburg-Süd
A.P. Møller - Maersk, the parent of Maersk Line and APM Terminals, said Friday that it had revenue of $9.5 billion in the second quarter of 2018, up 24 percent from the revenue of $7.7 billion reported in the same 2017 period. The increase was largely as a result of its acquisition last December of Hamburg-Süd.
- Cargomatic picks up $35 million
Cargomatic, a Los Angeles-based freight-matching technology firm, has garnered $35 million in a Series B funding round, led by private equity firm Warburg Pincus.
- Charges filed for counterfeit smuggling
A federal court in Brooklyn, N.Y. on Thursday charged 22 individuals who were allegedly part of a multimillion dollar operation to illegally smuggle Chinese-made counterfeit luxury goods into the United States.
- Turkey's trade practices under review
In connection with the Trump administration's ongoing Generalized System of Preferences (GSP) country practice review of Turkey, the Office of the U.S. Trade Representative is collecting comments through Sept. 12, and the interagency
|AUGUST 17, 2018|
- Crude futures settle higher on possible threats to supply
- Royal Vopak to upgrade Rotterdam terminal for 0.5% sulfur fuel oil
Dutch tank-storage company Royal Vopak will upgrade its Europoort facility in Rotterdam to support 0.5% sulfur fuel oil bunkering
- Gibraltar bunker fuel at premium to Algeciras for 1st time in 2 years
Delivered 380 CST bunker fuel at the port of Gibraltar flipped to a premium over Algeciras for the first time in two years
- External: Praxis Energy Agents DMCC
- China sends first LR-size gasoil cargo to South Africa
The shipment comprised 30,000 mt of 10 ppm sulfur gasoil from Sinopec Shanghai Petrochemical.
- Seoul concerned about condensate supplies amid looming Iran sanctions
"We are hopeful about winning a sanctions waiver as South Korea has been sharply reducing Iranian crude imports," a MOTE official said.
- European demand for RMK 500 CST bunker fuel weakens as market looks for RMG
"The market is long high density and hardly any arbitrage for [high] density at the moment," a fuel oil trader said.
- External: Marine Bunkering(Rotterdam)B.V.
- Dutch Royal Vopak to upgrade Rotterdam terminal for 0.5% sulfur fuel oil bunkering
Dutch tank-storage company Royal Vopak to upgrade its Europoort terminal in Rotterdam to support 0.5% sulfur fuel oil bunkering
- Sweden's Concordia Maritime fails to meet bunker savings target; optimistic for H2
Increased demand for tanker transport and moderate fleet growth point to upturn
- Scrubbers use fraught with hurdles despite commercial attractiveness: Drewry
Owners opting for scrubber-fitted vessels in 2020 would recover their cost in the first year alone but HSFO availability might be limited
- FUTURES: Crude stable as focus returns to trade, geopolitics
"The closer we get to the November deadline, the tougher the administration's conversations will be with the biggest holdout importers of Iranian oil," Rosenberg said.
- First Oman partials traded on Platts MOC since 2016
"The market is a bit shocked to see three Oman partials traded on Platts Window today," said a crude oil trader dealing in Middle Eastern grades.
- Suezmax loaded with Ekofisk crude makes rare move to South America: cFlow
The Zenith Spirit and loaded Ekofisk parcels C12287 and C12290 in July at UK's Teesside terminal.
- Danish tanker group Torm adds to fleet installation of scrubbers
Torm would install scrubbers on 13 new-build vessels, with the payback period estimated at two to three years.