|DECEMBER 23, 2018|
- Angus Procter elected Wet FFABA Chairman
- BCBA celebrates 82nd Foundation Day
- CMA CGM receives highest distinction in CSR for fourth consecutive year
- European Commission urged to extend consortia block exemption regulation
- MOL & Uniper SE enter into agreement on FSRU project in Wilhelmshaven
- OOCL named 'Company of the Year'
- Anti-dumping duty imposed on Chinese chemical
- GCPTCL's jetty maintenance in Jan.
- Logistics Development Committee prepares comprehensive logistics & trade facilitation reform agenda
- Development of new return filing system by GSTN
- Exports from SEZs in manufacturing sector in the last three years & current year
- Gujarat Junction CEO Roundtable & Cargo & Logistics Awards 2019 seeing tremendous delegate interest, including shippers
|DECEMBER 21, 2018|
- Try the Loadstar Festive Quiz 2018 - trickier than padding an Amazon box
- 'Success story' Gefco formally applies to launch IPO next year
- Deadline looms for UK hauliers' post-no deal permits to take goods to the EU
- A festive rate respite, but carriers may be in for 'a bumpy ride' in 2019
- Maersk switches shortsea service to Europe from Immingham to Hull
- Market Insight: executive roulette - time to pay the bill for all the window dressing
- Eizo Murakami and Yukikazu Myochin lead reshuffle at K Line
- Amazon Air to take on 10 more aircraft
- A 'no-deal' Brexit will slow air connectivity
|DECEMBER 21, 2018|
- Turkish tanker operator to install Alfa Laval BWTS fleetwide
- Detyens wins $11.7 million Navy contract
- Port State Control sends early warning on sulfur cap compliance
|DECEMBER 21, 2018|
- Getting Closer to the Customer
There is growing interest and investment in Port Tampa Bay, the port closest to Florida's fastest growing region.
- Hafnia Tankers-BW Tankers merger pushed for mid-Janauary 2019
Hafnia shareholders have to approve a merger plan that would give them common shares of par value $0.01 for each...
- Paris MOU will not rule immediately on exemptions to data restrictions
The port state control authority confirms that restrictions to bulk data beginning in 2019 include IACS
- Höegh LNG wins contract for Australia FSRU
The likely vessel for the contract is the recently-built Höegh Giant
- Congestion builds at US west coast ports
Pacific Merchant Shipping Association has reported recent dwell times at Los Angeles-Long Beach of up to 3.5 days compared with ...
- Greek owner loses 'Alkyon' security appeal
UK appeal court upholds NatWest Markets arrest of bulker in Falmouth and denies owner's claim for cross-security from bank for...
- Maersk Line seeks to avoid transpacific rate slump
Avoiding contracting mistakes of 2018-19 uppermost in the minds of many liner executives, says Pedersen
- Vessels face 'early warning system' ahead of IMO 2020 deadline
Paris and Tokyo MOUs will identify vessels that appear not to be on track to comply with the 0.5% sulphur...
- Advantage Tankers signs deal for ballast water treatment retrofits
The order has a value of approximately $10.6m
- Court sets Prestige compensation bill at $1.9bn
Ruling in effect sends the bill to the tanker's master and its insurers
- Pacific Radiance close to receiving investment lifeline
OSV company earlier signed non-binding term sheets for up to $85m in equity injections, but those investors have either backed...
- The Lloyd's List Podcast: Top 100 People
Listen to the latest edition of Lloyd's List's weekly podcast - your weekly briefing on the stories shaping shipping in...
- Daily Briefing
Exclusive interview with Christine Mavromichalis | Box shipping faces turbulent start to new year | Greeks lead the league in...
- K Line names chief executive Murakami as new chairman
The new management will build on the foundations of K Line's three-year medium-term management plan as the Japanese company celebrates...
- Exxon and Shell cast shadow over Canada's LNG export hopes
ExxonMobil gave no reason for its withdrawal, while Shell argues against continuing restrictive government policies on steel imports
- The Interview Christine Mavromichalis
Christine Mavromichalis, vice-president commercial at NAAS Group and Wista member, describes how more attention needs to be placed on disrupting...
- Woodside and RWE sign two-year LNG supply deal
Latest contract marks growing business relationship between Woodside and RWE
- Monjasa hopes to shake up Red Sea market with new Djibouti bunker operation
Monjasa expects a 200,000 tonne increase from its Djibouti supply location
|DECEMBER 21, 2018|
- Philadelphia ILA contract grants six-year stability
- Chittagong yard to boost container storage tenfold
|DECEMBER 21, 2018|
- Bacardi takes MSC to court over spilled vodka
Baracrdi is taking MSC to court, accusing the shipping giant of committing a major party foul. In lawsuit filed in New York federal court Wednesday, the US arm of the liquor company alleged a shipment of 480 cases of Grey Goose vodka arrived in Long Beach last winter "in a short, slack and damaged condition." Bacardi said it suffered $15,000 in damages and is seeking the arrest of the 109,495-dw
- Navios Maritime extends meeting to OK reverse split
Navios Maritime Holdings is still looking for approval for its proposed reverse stock split. Navios Maritime Holdings looks for reverse stock split The company said Friday afternoon the 1-for-10 split has approval from more than 49% outstanding shares. But the move - designed to get the Angeliki Frangou-led bulker owner back over $1 and thus in compliance with New York Stock Exchange rules - nee
- Seahorse overturns Nautilus claim for Toisa OSV lay-offs
UK appeal court rules that crew agency did not have to consult with union over staff redundancies.
- Krasnoye in talks over order for 11 cargoships
Russian shipbuilder expects to sign deal in first quarter of 2019.
- London Club 'disappointed' by Prestige pay-out ruling
UK P&I operation clings to domestic ruling that compensation is subject to lower CLC limit.
- Atlantska Plovidba sees profit slump
Croatian bulker owner hit by lower revenue in first nine months.
- Fjord1 and Schlepp Kiel order ferries
European ferry owners Fjord1 and Schlepp Kiel have been linked to new orders. Brokers said Saevik family-backed Fjord1 has contracted a 753-passenger ship at Brodrene Aa in Norway. The vessel will be delivered in July 2019. Meanwhile, Schlepp Kiel has ordered a 500-pax ferry at Holland Shipyards for hand-over in May 2020. No prices have been revealed.
- Rescuers battle to save cargoship from sinking
Iranian vessel reported to have suffered breach in Caspian Sea.
- Advantage Tankers fitting ballast systems to 16 ships
Turkey's Advantage Tankers & Advantage Products has signed a fleet agreement with Alfa Laval for retrofitting of ballast water treatment systems. The company will buy 33 kits for 16 tankers. "After an in-depth evaluation of the solutions on the market, we concluded that Alfa Laval and PureBallast 3 are the ideal solution for our fleet," said Aydin Aydin, energy manager at Advantage Tankers & Adv
- Paris and Tokyo MOUs start warning crews about IMO 2020
The Tokyo and Paris MOU port state organisations will start warning ship crews next month about the pending IMO 2020 low-sulphur fuel rules. They will start issuing a letter of warning from 1 January on the sulphur content of bunkers during inspections "in order to increase awareness of and to encourage timely compliance with the new requirements," the bodies said. The letters will be handed t
- Shipping highlights of 2018: Tanker deals, new names and a major dash for gas
Relive some of your favourite moments of an eventful year in the global shipping industry.
- USOT wins landmark ruling in OW Bunker spat with Hapag-Lloyd
Trial will decide whether OW subcontractor can go after owner's vessels.
- Skov set to lead merged BW and Hafnia Tankers
Deal will forge $2bn company and Mikael Skov will stay on as chief executive.
- Fred Olsen Energy becomes Dolphin Drilling
Norway's Fred Olsen Energy has changed its name to Dolphin Drilling. Shareholders at an extraordinary general meeting voted for the move on Thursday, the drilling company said. Its shares will be quoted in Oslo with the new ticker DDASA from 27 December.
- Lockton buys stake in Omni Sigorta
US broker will own half of Turkish P&I outfit.
- MPCC launches bid to buy back 10% of shares
Oslo-listed MPC Container Ships (MPCC) is seeking permission from investors to buy back 10% of its shares. The expanding feedership company said shareholders will vote on the plan on 17 January. It wants to repurchase 8.4m shares. These would be worth NOK 275m ($32m) at Friday's price of NOK 32.80. MPCC will pay not less than NOK 10 and no more than NOK 200 for each share.
- Bimco: smaller bulkers living longer
Owners' organisation Bimco has revealed only two panamax bulkers were sent for scrap in 2018. Chief shipping analyst Peter Sand said smaller ships are living longer, with recycling activity slow this year. Only 4.2m dwt of all types of dry cargo vessels had reached shipbreakers as of 17 December, down 71.6% compared to 2017. "An almost total halt in panamax demolitions has been an important fac
- Myochin is new K Line CEO as Murakami moves upstairs
Japanese shipowning giant K Line will have a new CEO next year as it "rejuvenates" its management for its 100th anniversary. The company said president and CEO Eizo Murakami will become chairman from 1 April, replacing Jiro Asakura, who will remain on the board. The new CEO is Yukikazu Myochin, 57. He has been senior managing executive officer since April. K Line posts $217m loss in first six
- Subsea 7 lands BP deal worth up to $150m
Norwegian OSV owner Subsea 7 has clinched a subsea deal with BP worth between $50m and $150m. It said the SURF (subsea umbilicals, risers and flowlines) contract for the Manuel project in the US Gulf of Mexico will be carried out by its Subsea Integration Alliance. This is a partnership between Subsea 7 and OneSubsea Schlumberger. The work comprises a two-well development tie-back to the Na Kik
- Chandris (Hellas) joins CTM supramax pool
C Transport Maritime (CTM) has welcomed Greek owner Chandris (Hellas) into its supramax revenue-sharing agreement (RSA). Monaco-based CTM, led by John Michael Radziwill, said the 57,000-dwt Serene Jessica (built 2011) is the first Chandris vessel to join the RSA fleet. The Greek owner was founded in 1911 by John Chandris and manages a fleet of 34 ships, including tankers. The total capacity is
- Cosco executive jumps to his death from hotel window
A Cosco executive has jumped to his death from a hotel window in Taiwan. Police cited by the CNA news agency said Jia Libin died on Friday morning in Taipei after falling from his room on the fifteenth floor of the Sunworld Dynasty Hotel. He was the managing director of a Cosco Shipping Energy Transportation (CSET) subsidiary. Jia, 39, had no pulse, was not breathing and appeared to have sustai
- Hoegh LNG wins second Australian FSRU contract
Norwegian regasification specialist puts pen to paper on 10-year charter with AGL Energy.
- Fugro bond sell-off prompts debt repayment fears
ABN AMRO says company may have to revert to an equity raise to restore financial health.
- RWE signs mid-term LNG supply deal with Woodside
German trader says deal marks another key building block in development of its LNG portfolio.
- Idan Ofer taps 'green loan' market to finance scrubbers
Unspecified number of exhaust gas cleaning systems will be installed Quantum Pacific tonnage.
|DECEMBER 21, 2018|
- Concerns aired over West Coast container dwell time
Agricultural exporters concerned about shift to U.S. East and Gulf Coast ports.
- Grassley marks USMCA for quick enactment
The incoming Senate Finance Committee chairman also expects agriculture to be included in U.S.-EU trade negotiations.
- Ports America inks New Orleans terminal deal
The largest U.S. terminal operator and stevedore gets 50-year lease for terminals at the Port of New Orleans and will invest $66.5 million in infrastructure and equipment.
- GlobalTranz eyeing several acquisition targets
The rapidly expanding 3PL solutions provider plans to close on a deal in January.
- Executive Moves: Bays, ports and brokers
- Missouri firm fined for Belarus sanctions violations
- Amazon Air leasing 10 more aircraft
- Supply chain software pioneer stepping down
|DECEMBER 21, 2018|
- Reeling Venezuela could sack oil minister, PDVSA CEO in cabinet shuffle
Oil minister and PDVSA CEO Manuel Quevedo may be on the outs as President Nicolas Maduro is preparing a cabinet shuffle that could put a new ally in charge of the countrys lifeblood industry.
- OPEC's supply accord commits its 11 participating members to 3% oil cuts: document
OPEC and its allies have formalized their production quotas under their new supply deal.
- ARA fuel oil stocks hit 5-month high on quiet fixtures list: PJK
Fuel oil stocks at the Amsterdam-Rotterdam-Antwerp hub jumped 10% or 132,000 mt in the seven days to Wednesday, hitting a five-month high of 1,437,000 mt.
- External: Marine Bunkering(Rotterdam)B.V.
- External: Global Risk Management
- FUTURES 1: Crude jumps on Saudi's pledge to lower oil production