|AUGUST 24, 2018|
- Zim in the red for US$33m in Q2 despite more sales
- Singamas posts US$2.1m H1 loss due to higher costs and currency appreciation
- Maersk beats Cosco in race to use Arctic route for container run
- Genoa port may see 2018 cargo volumes drop 10pc due to bridge collapse
- Rep Duncan Hunter, wife indicted for alleged misuse of campaign funds
- Prince Rupert reaps benefits from quicker access to N American midwest
- CP moves 1pc more Canadian grain in 2017-18 crop year to reach 25.8m tonnes
- AirBridgeCargo Airlines delivers 500 aircraft engines from January-August
- Plans to get Nippon Cargo carriers back to service
- Smiths Detection offers effective lithium battery detection
|AUGUST 23, 2018|
- Zim posts increased revenues & throughput in Q2
- Exemption of BCD & IGST on goods imported for donation for relief & rehabilitation of the people of Kerala affected by the floods up to 31.12.2018
- Exports from SEZs up 30 pc in July
- NSIGT handles 115 mt, the heaviest single lift parcel at JN Port
- National Logistics Portal to bring all on one platform
- NTC sends first consignment of flood relief materials to Kerala
- Mukesh Kumar, VC & CEO of GMB, to grace MALA 2018 in Mumbai on Aug. 31
|AUGUST 24, 2018|
- By rail and road
- Shipping remains flexible
- A trans-Caspian addition
- Field trial for HGVS with retrofitted e-drive
- Acting security director takes Polb helm
- Yusen UK expands e-commerce operations
- Pruning back railcar repair network
- H1/2018 upswing at port of Gothenburg
- Emirates Skycargo cares for pets
- Descartes acquires Pinpoint
- Zim: higher box volumes and higher losses
- Railroad debuts logistics centre Oklahoma City
- Astana welcomes YTO's first international service
- Rhenus enlarges footprint down under
- «Curiosity of the day»
- New trio for Milestone in Missouri
- New digital booking platform
- Hamburg struggling with container throughput
- 15 days for metal train from Kazakhstan to Turkey
- ABC - heavylift skills in great demand
|AUGUST 23, 2018|
- Calls for Beijing to rethink its approach on Belt and Road
- Sinopec taps Zhejiang Energy Group for fourth LNG terminal
- Piracy fears grow over missing chemical tanker Pantelena
- MSC box ships funded by CMB Financial Leasing and Doun Kisen
|AUGUST 23, 2018|
- Worried business chiefs claim Trump trade tariffs are damaging the US economy
- Zim follows Q2 loss-making trend, joining box rivals in sea of red ink
- Anxious Hamburg lags further behind rival ports as it waits for a deeper Elbe
- Why ports are crucial to Britain's future
- Unifeeder moves paper off the roads
|AUGUST 23, 2018|
- Hunter suspended from committee assignments
- Vidalia Dock towboat repowered with Mitsubishi engines
- Hybrid propulsion delivers environmental benefits
- Training offers hands-on experience with LNG-fueled ships
|AUGUST 23, 2018|
- Odfjell's net results hit by terminal sale
Bergen-based company says Chinese tariffs on US chemicals will not have much negative impact on seaborne trade volumes
- Britain will clear truck freight inland after no-deal Brexit, ports sources believe
The publication of a series of technical notes, which Brexit Secretary Dominic Raab has termed 'practical and proportionate' advice in...
- Navios reduces net loss
Chief executive says her company is now seeing the positive effects of a healthier charter market
- Europe's key ports issue 'no-deal' Brexit warning
The two ports fear fresh produce trade will be particularly hit when customs checks and tariffs kick in in the...
- Golar LNG eyes solid free cashflow in two to three years
Golar LNG expects a supply-demand gap of 50m tonnes per year by 2025
- Will China's tariffs hit Trump or dry bulk shipping?
US-China dry bulk trade plays a small role in the overall picture, but cargo flows are still set to be...
- Throughput figures show pressures on European box ports
Hamburg and Gothenburg port figures fail to deliver growth
- Britain to 'drop port import checks' in event of no deal Brexit
Brexit Secretary Dominic Raab has set out what he called 'practical and proportionate' advice in case the UK leaves the...
- Euronav sells 20-year-old suezmax amid fleet renewal
World's largest crude carrier has been selling 20-year-old suezmaxes while taking delivery of four newbuilding vessels this year
- BW Tankers says chief executive Revsbech has left 'amicably'
Carsten Mortensen is BW Tankers' acting chief executive
- Maersk vessel records 'highest load'
Mumbai Maersk has loaded 19,038 teu to set a world record in loading the highest number of containers, according to...
- Cascading opens new trade lanes for mid-range containerships
Former Asia-Europe workhorses are now being farmed out to regional trades
- Tanker upside expected
Tanker deliveries so far this year trail 2017's figure, while scrapping has increased, according to Clarksons data
- Sunrui wins more ballast water treatment system orders
Orders come after Sunrui struck a deal to fit its BWTS to 89 vessels run by NYK
- Höegh LNG sees second quarter profit plunge
Update: Höegh Partners, the MLP unit, however generates the highest quarterly segment Ebitda and distributable cashflow achieved since its launch during...
- Daily Briefing
Tanker players brace for Sino-US trade war | Cargo rollovers cause chaos on transpacific | Moral exhortation will not bring...
- CSIC appoints successor of detained general manager
The appointment follows CSSC's earlier designation of CSIC's previous deputy general manager Yang Jincheng as its new general manager
|AUGUST 23, 2018|
- ELD rules stoke NY-NJ chassis ownership, leasing
- Proposed US truck regulatory relief would help shippers
- China advised to take new approach to Belt and Road
- Alliance shift sets up Hamburg port for return to growth
- Blockchain primed to reduce shippers' paper costs
- Container shipping dysfunction delivers US peak season chaos
|AUGUST 23, 2018|
- Saudi-led military coalition foils Houthi attacks
Yemen's Houthi militia were targeting commercial vessels with explosives-laden speedboats.
- Golar provides limited FLNG project updates
US-listed LNG carrier says four of Hilli Episeyo production trains online but discloses contracts for only two units, according to a Cowen analyst.
- Odfjell widens loss amid impairment, taxes
Norwegian chemical tanker owner sees revenue slip as market remains weak.
- Anker and Nergaard sell as Kames grows Clarksons stake
Two former RS Platou shareholders reduce stakes while long-term shareholder has added to its holding in shipbroking giant.
- OSG's Norton talks up US-flag opportunities for HMD newbuildings
Despite questions about the future of Israeli fuel contract, Jones Act operator embraces the benefits of early delivery and compliance with IMO Tier-III rules
- Petrogress posts weaker profit in delayed filing
Greek tanker owner down on key metrics and suffering from anaemic share price
- Zhejiang Shipbuilding set to become luxury flats
- Record year for Oslo Shipbrokers in face of tough competition
Established Norwegian broker had a strong 2017
- Wan Hai goes to China and Japan for feeder boxships
Taiwanese line splits order to renew fleet between Japan Marine United and Huangpu Wenchong Shipbuilding
- XT Shipping adds to feeder boxship tally at HMD
Israeli-based owner lifts total order at yard to six units
- Flow of contaminated bunkers puts focus on testing practices
Recent bunker contamination scandals in Singapore and the US Gulf should focus the sector's attention on ensuring a more rigorous testing regime, and clear contracts between those involved, write Toby Stephens and Paul Dean from law firm HFW
- CMB to roll out trial of hydrogen as shipping's fuel of the future
Alexander Saverys-led shipowner to use fuel for bulker and boxship testing as early as next year
- OOCL shows hand on next generation of containerships
Cosco-controlled company is opting for low-sulphur fuel oil but making its ships LNG-ready as it ducks scrubber solution
- Delphis keeps its faith in midsize boxships with panamax purchase
CMB's containership division acquires another German vessel as it takes the view that low prices mean the ships have legs for a few years
- Historic Shanghai Shipyard to close as pressures take a toll
China's oldest shipbuilder's 156-year existence will soon be consigned to the history books as it becomes the latest facility to give in to commercial and environmental strains
- Pioneering US LNG bunker barge to go live next month
- Second Dynagas Arc4 vessel secures approval to use NSR
- Jovo expands its fleet with old and new tonnage deals
- LNG carrier orderbook nudges towards 40 ships
- Celsius newbuildings ordered charter-free
Jeppe Jensen returns to the business with eco-vessels in his third encounter with LNG
- Sinokor sends two LNG carriers for scrap
Shipowner helps year's LNG vessel scrap total grow to 'record-breaking' five ships, with four months of the year still to run
- OH Meling confident of weathering debt storm
Norwegian tanker and offshore owner in negotiations with lender over loan repayments
- Petro Sun Darya fights to regain control of anchor-handler
- OSVs chalk up another month with more rigs
Loss of a single offshore drilling rig in July offset by 22 units returning to work
- History repeating itself provides evidence of offshore revival
Analyst says strong market upswing imminent after key 1980 downturn events repeated
- China's scrap import ban dredges up some gruesome consequences
A new policy has shut down China's shiprecycling industry and has breakers chasing a new base. But the nation is starved of scrap steel and will get it where it can - even from sunken warships
- Turkish shiprecycler confident of joining EU list of approved yards
Leyal says it meets the European Union's technical standards but politics may affect its approval bid
- Bunker industry is caught between legal rock and hard place
- Auditor says oil-spill fund in sound financial health
Global pollution fund convention gets the thumbs up even as Prestige compensation claims see cash in hand dip below £100m
- Euronav to trial low-sulphur fuel oil on tanker
Company chief executive Paddy Rodgers still wants clarity on fuel volumes in order to better estimate pricing
- Parakou sells final MR tanker in STX series
- BP takes Chinese-owned VLCC on one-year charter
Tanker giant China VLCC aims to gain more global trading experience
- Enesel inks scrubber-ready aframax tankers
Newbuildings mark another stage in Greek shipowners' fleet-renewal plans
- Greek supramax to be auctioned in Singapore
- Ebe Maritime reveals newbuild tally as ultramaxes emerge
Basile Aloy-led shipowner is sitting pretty after buying six bulkers at the bottom of the market
- Viet Thuan moves into handymax sector
- 'Crazy' pricing and strong results put StealthGas back on screen for investors
Chief executive says huge void between fleet value and market cap opens door for bargain hunters.
- Five cargoships grounded by storm
Crew safe after vessels forced ashore at Kaohsiung, Taiwan.
- American Shipping sees lower profit
Jones Act tanker owner's revenue remains flat amid seasonal slowdown in the spot market.
- Fire-ravaged Maersk Honam will cost more than $30m to rebuild
Massive reconstruction job lined up for the hull of Maersk Line's ultra large containership
- Maersk Tankers and Klaveness Digital form new alliance
New partners say they will be able to develop and launch products much more quickly now.
- Golar LNG says rates to double in third quarter
Owner optimistic due to ship shortage, despite loss widening in first six months.
- Navios Maritime Holdings adds to fleet renewal efforts
New York-listed owner reveals fresh ins and outs in long-running fleet upgrade.
- Bibby Line's Cheshire declared a total loss
Fire in fertiliser cargo caused so much damage that cost-effective repairs could not be carried out
- Hoegh LNG stock ticks down after mixed second quarter
Shares dip as expected as contract cancellations, a new time charter and financing progress all come to light.
- Precious bulker cleared over fatal clash
Khalid Hashim says Mayuree Naree not involved in trawler collision off India.
- Borr Drilling sees revenue climb as rigs get to work
- Ocean Yield stretches OSV deal
- SolstadFarstad eyes further mergers and ship sales
OSV giant taking action as liquidity shrinks amid second quarter loss.
- Vitol, Union Maritime move more MRs to LSC
Newbuildings placed under Riga owner's management as its expansion continues.
- BW Tankers chief executive Tina Revsbech departs
"Amicable" exit comes with company in merger talks with Hafnia Tankers.
- Reach Subsea back in black as revenue rises
Norwegian OSV company says activity has increased through second quarter.
- Japan brings in first Yemeni crude since 2015
Samos Steamship aframax ships Masila cargo for JXTG Nippon Oil & Energy.
- Euronav books $9m profit from scrapping suezmax
US-listed tanker giant confirms disposal of last 1990s-built million-barrel tanker.
- SOC sale lifts Siem Offshore profit to $90m
OSV company boosted by offloading subsidiary to Subsea 7.
- Hoegh LNG sees weaker second quarter profit
But Oslo-listed FSRU specialist says there are "many business opportunities", especially in Asia.
- EGAT looks to break Thailand's LNG import monopoly
Power company seeking up to 1.5mtpa of gas in move that would liberalize country's supply.
- Dof Subsea slips deeper into the red
Norwegian owner quadruples its second quarter deficit in a 'challenging market.'
- Sinanju Tankers steams ahead in a sea of uncertainty
Singapore's Sinanju Tankers says the multitude of fuel types that ships will burn after the 2020 sulphur cap kicks in will make life far more complicated for bunker tanker operators
- Hedge fund backs away from Overseas Shipholding
Major shareholder Paulson & Co sells almost 2.7m shares of the Jones Act tanker owner.
- Teekay LNG Partners issues $101m bond
New York-listed LNG carrier owner expects to use proceeds to refinance existing debt or for general partnership purposes.
- Nordic Shipholding widens half-year loss
Danish product tanker owner faces risk of breaching loan covenants.
|AUGUST 23, 2018|
- CargoX 'smart' bill of lading aces test
CargoX has successfully completed the first real shipment using the start-up's blockchain-backed "smart" bill of lading and will now make the solution commercially available, the company said in a statement.
- Few support more tariffs
The vast majority of companies and associations argued against a proposed $200 billion worth of tariffs in 2017 import value on products from China during testimony before an interagency government panel late Tuesday afternoon and Wednesday morning. But a handful of manufacturers, including several in the metals sector, advocated for the Trump administration to either maintain or expand the proposed Section 301 tariffs list, which would be the third tranche of Section 301 tariff...
- MSC leasing SeaCube containers
Mediterranean Shipping Company will lease 2,000 containers from SeaCube Containers that are chilled by Carrier Transicold ' s innovative, natural refrigerant-based NaturaLINE refrigeration system.
- Ex-Im Bank nomination advances
The Senate Banking Committee unanimously voted to advance President Trump's nomination of Kimberly Reed for a full Senate vote to serve as the next president of the U.S. Export-Import Bank.
- Truck volumes continue 'robust' growth
Domestic truck tonnage climbed 1.9 percent in July compared with the previous month after a revised 0.5 percent decline in June, according to the latest reading of the American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index.
- Global automakers unite to fight tariffs
Several major automobile manufacturing and parts associations have formed a coalition with the sole purpose of opposing tariffs on imports of vehicles and parts to the United States.
- How to navigate peak season crunch
Join experts from BNSF Railway, Alliance Shippers Inc. and FreightWaves at 2 p.m. ET Thursday as American Shipper brings you "Navigating New Realities: Peak Shipping Season Intermodal Outlook," a webinar you can't afford to miss.
- Maersk boosts use of NYSHEX
The New York Shipping Exchange said Maersk began using it to sell space on transpacific eastbound sailings this week.
- Maritime shipping emissions decline
Carbon dioxide emissions from maritime cargo shipping continued to decline last year, according to a recent report from nonprofit organization BSR's Clean Cargo Working Group.
- Georgia gains inland port
The Appalachian Regional Port officially opened in northwest Georgia's Murray County on Wednesday. The inland port is operated by the Georgia Ports Authority and served by Class I railway CSX, which provides a direct, 388-mile route to and from the deepwater Port of Savannah's Garden City Terminal.
- Exports to Iran net prison time
A 38-year-old Canadian national was sentenced this week in a U.S. District Court in Seattle to three-and-a-half years in jail for conspiring to illegally export U.S.-made technologies to Iran.
- Contanda bulking up Houston presence
Contanda Terminals LLC, a provider of bulk liquid storage and logistics services in North America, plans to build a storage terminal on its property along the Houston Ship Channel to support its expansion into the petrochemical and hydrocarbon storage markets.
- Descartes picks up PinPoint
Descartes Systems Group has acquired PinPoint, an Ontario, Canada-based GPS fleet tracking and mobile workforce management provider.
- project44 builds out leadership team
On Thursday project44 announced the appointment of what it called "four crucial hires" for the transportation and logistics technology provider.
- PS Logistics buys D. Mosley Trucking
PS Logistics has acquired the trucking assets of Lawty, Fla.-based D. Mosley Trucking and DMT Logistics Services.
- Logistics group mobilizing for Hurricane Lane
The Port of Honolulu and its terminal operations have been closed since Wednesday afternoon as a powerful hurricane is barreling down on the Hawaiian islands, and logistics firms from across the country are being asked to prepare to lend a hand if the storm causes damage.
|AUGUST 23, 2018|
- China's CNOOC to boost spending in H2 on exploration, development
China's CNOOC Ltd. plans to increase spending in the second half of 2018 by more than double its capital expenditure
- Total declares breakdown in North Sea strike talks
Talks between Total and the Unite trade union behind repeated strikes in the North Sea broke down Thursday
- Saudi energy minister denies report on cancelled Aramco IPO
Saudi Arabian Energy Minister Khalid al-Falih denied a media report Thursday that the kingdom had cancelled a planned initial public offering of state oil company Saudi Aramco
- Uncertain market outlook keeps Aramco IPO waiting
Saudi Arabia says it is still searching for the best market conditions to float shares of its state-owned oil giant Aramco
- NGO Clean Arctic Alliance questions Maersk on Arctic shipping fuel
As the use of heavy fuel oil to power a vessel causes pollution and carries the risk of an oil spill.
- CargoX's blockchain-based smart bill of lading has first successful trial
At $15, the cost of such a safe electronic bill of lading was a mere fraction of the estimated usual price for a paper document.
- China imposes 25% tariffs on US oil products
The latest tariffs come in the midst of trade talks between the US and China on Wednesday-Thursday in Washington
- External: Marine Bunkering(Rotterdam)B.V.
- Shell conducts trials for new 0.5% sulfur marine fuel oil
"We're giving customers an opportunity to test the new fuel to become more familiar with how the fuel performs in their vessels," Williams said.
- European fuel oil backwardation supported by 10% on-year fall in Russian exports
As supply reduces over the next two years and demand doesn't drop off until 2020 fuel will get tighter, a trader said.
- Panamax ARA-USGC route sees rates hit eight-month high
Panamax freight rates out of UK Continent hit an eight-month high due to very limited vessel availability for early September dates
- FUTURES: Crude stable to lower amid mild profit-taking
"The fall was driven by a fall in imports, which slid the most in six weeks to 7.52 million b/d," ANZ analysts said in a note.