|OCTOBER 25, 2018|
- E2open acquires INTTRA, firms' services said to be 'complementary'
- Shipping giants decry Trump's appeal to delay UN's draconian fuel rule
- OOCL offers 2 Asia-West Africa services from this month and next
- OOCL offers Mediterranean-West Africa loop October 27 from Genoa
- JD.com launches parcel delivery in Beijing, Shanghai, Guangzhou
- North American rail freight up 3.5pc to 29.9 million carloads in '18
- Port of Rotterdam joins Korea-Netherlands box moving blockchain pilot
- DHL runs worldwide supply chain for Swedish fashion chain Lindex
- Chicago's Seko, London's Feelunique in Hong Kong to serve China
- Verifavia Shipping to verify ship emissions for Wallem and Zeaborn
- Asian Logistics Maritime Expo in HK on technology, e-commerce
- China-Kenya to sign trade deal on fruit & nuts at Shanghai expo
- Maritime CIO Forum to focus on how digitisation reshaping shipping
- NYK honoured by Association for Rescue at Sea for saving lives
- Netherlands' CargoXS and Japan's ANA Cargo sign up with Cargo iQ
- Possible No-Deal Brexit leaves UK logistics sector in limbo: FTA
- US-China trade spat has yet to bite into air cargo demand in Asia
|OCTOBER 24, 2018|
- C. H. Robinson relocates to new, bigger office in Chennai
- Growing US-China trade war could affect millions of tonnes of containerised goods: Report
- MOL announces plan for trial introduction of energy-saving operation analysis service on 80 bulk carriers
- OOCL introduces new Asia-West Africa direct services
- 38 MoUs signed aimed at saving nearly INR 40,000 cr. capital goods import
- China does away with ban on rapeseed meal imports from India
- Trade war seen opening up the US market for Indian exporters
- Antwerp port registers better performance in break-bulk and liquid & dry bulk handling in first nine months
- FIATA brings out best practices guide on container shipping
- Fujairah new Customs documentation requirement withdrawn
- EbixCash acquires Routier, a B2B marketplace for trucking logistics in India
- Indian exports have grown well despite the global challenges, says Commerce Secretary
- Indian Register of Shipping plans to further boost its presence in the Middle East & Africa with new offices
- Proposal on establishing European maritime single window environment welcomed
- WCO leads the discussions on a 'Customs of the Future' model as part of the comprehensive review of the revised Kyoto Convention
|OCTOBER 25, 2018|
- Canadian railway industry on a roll
- New contract for Yusen Logistics UK
- Bouquet of measures to avoid Rastatt repeat
- Zim boxship makes maiden call in Jacksonville
- Two global positions filled at B&H
- ECS Group supports Jetstar Asia's growth
- DSV opens new HQ in France
- LNG - in, diesel - out
- Plans for logistics village near Cairo airport
- Metro Ports appoints VP for waters all around
- Blockchain project via Rotterdam port starting in 2019
- "Curiosity of the Day"
- LKW Walter forwarding on Trieste-Baltic Sea rail corridor
- Imperial Logistics to operate new packaging centre
- RWI notes lateral movement in maritime trade
- Seaplanes spotted again in the Tokyo Bay
- Saudia Cargo picks experienced cargo veteran
|OCTOBER 24, 2018|
- KOBC soldiers on with loan to Korea Line Corporation
- An FSRU moored at Delimara power plant in Malta
- AI deal brings new approach to marine risks, Marsh says
- Pertamina opens wallet for three NYK tankers
- Taipei incorporates port investment vehicle in Singapore
- KDB to buy into HMM's USD878 million bond issuance
- MPC Capital in S&P push for institutional investors
- KDB urged to exercise caution with shipping SPVs
- Global trade tensions could stall car carriers
|OCTOBER 24, 2018|
- CMA CGM gets transpacific bonus as shippers shun ONE after botched launch
- UPS sees nine-month revenues grow on strong pricing environment
- Logistics is 'the fall guy' for government lack of planning for Brexit, says FTA
- Bugs - could be the biggest issue in container shipping since VGM
- With DSV out of the running, are there other suitors for Ceva?
- 'Shocked Cabinet' told no-deal Brexit may force government to operate lorry ferries
- Is 2017's impressive freight forwarding growth continuing in 2018?
- India plans trade deal talks to boost exports to China
- Gary Wilson and Mark McKenna new men at the top at B&H Worldwide
- MSC to lease 5,000 new reefers with controlled atmosphere technology
|OCTOBER 24, 2018|
- Hartree and Hunter to form pool of scrubber-equipped VLCCs
- ABS issues new chemical tanker guidance and software
- SEACOR reports improved operating income
- Portsmouth Naval Shipyard to get $55 million portal crane
- MOL to equip 80 chartered-in bulkers with NAPA software solution
|OCTOBER 24, 2018|
- IMO strikes compromise on experience building phase proposal for 2020 sulphur cap
IMO environmental chair steps in to break deadlock with call for proposals on fuel oil quality next May
- Costamare ups charter deal to include scrubbers
Costamare says that It will install scrubbers on five post-panamaxes contingent on a rate increase and charter duration extension agreed...
- Rise in India's coal imports supports bulkers
While the support is not explosive, it is helpful, according to one market participant
- Needed: Innovation for cyber risk cover
Lack of claims data makes pricing difficult, while marine insurers debate the pros and cons of institute cyber attack exclusion...
- DSV ends its pursuit of CEVA Logistics after raising bid
Upgraded offer from DSV still not enough to entice CEVA board into talks, while CMA CGM sits just below takeover...
- Mainlane performance describes a tale of two trades
Capacity management on the Pacific has pushed up rates while Asia-Europe trade staggers under the weight of too many container...
- UK borders ill-prepared for no-deal Brexit, NAO warns
Ongoing political uncertainty and delays in negotiations have hampered the effectiveness of border planning
- Lloyd's List names Outstanding Achievement Award recipient
Almost 50 years after he joined his first India Steamship vessel, Capt Jitendra Misra's inspirational leadership of his company, Emarat...
- MOL plans performance monitoring system for 80 bulkers
MOL is installing Napa Fleet Intelligence on 80 of its time-chartered bulk carriers
- Maritime wakes up to cyber-security threat
A study, published by the GMF, Marsh and the IUMI, concluded that 'cyber-attacks and data theft' remains maritime's Achilles' heel
- Ocean Alliance partners fight for top slot on transpacific trade
CMA CGM is snapping at the heels of alliance partner Cosco to take the lion's share of lucrative Asia-North America...
- IMO approves sulphur cap guidance
Environmental regulators reject a call for port state control authorities to have a 'practical and pragmatic approach' during inspections for...
- D'Amico chief executive Marco Fiori steps down
Resignation has been accepted by the board of directors, says d'Amico
- Daily Briefing
IMO pushes ahead with 2020 fuel carriage ban | Box carriers 'held back by manual and analogue processes' | Lloyd's...
- LNG newbuilding boosted by stronger shipping markets
With the LNG shipping environment looking firmer, statistically the sector is playing a more prominent role in newbuilding activity than...
- HMM to impose fuel surcharge, issues $883m long-term bonds
HMM has also said it will be introducing a fuel surcharge to offset rising fuel costs ahead of the IMO...
- DP World container volumes slow due to 'market caution'
Growth in Europe remained robust with strong growth in London Gateway and Rotterdam and volumes in the Europe, Middle East...
|OCTOBER 24, 2018|
- Rejecting tinkering, IMO pushes 2020 low-sulfur rule forward
- Inland Distribution Conference 2018: News and analysis
- Maersk India expects Ennore call to aid efficiency, growth
- US drayage frustration sparks call for better tech, cargo-handling
- Thomson Reuters expands US shipper base with Integration Point deal
- Haven offers free booking for all freight transport modes
|OCTOBER 24, 2018|
- Costamare banks newbuilding loan and joins scrubber club
Greek boxship owner also added to its fleet during active third quarter.
- Maritime has 'false sense of preparedness' on cybersecurity
Most respondents to industry-wide survey believe they are ready for cyber-attacks but a minority of companies think otherwise.
- Evergreen Marine raises $97m in new share issue
Taiwanese container line seeks to repay bank loans and improve leverage ratios after first-half losses.
- Dorian LPG wins Equinor VLGC tender at strong rate
New York-listed owner tipped to have secured long-awaited deal with Norwegian energy company.
- IMO confirms ban on carrying high sulphur fuel
Regulator decides to stick to dates for ban on carriage of non compliant fuels.
- Two Middle East tanker executives on the move
The end of the Middle East summer has come with senior management changes at several of the region's largest tanker companies. Former Gulf Navigation chief financial officer Duncan Sawyer has emerged as the new CFO of Dubai-based Al-Iraqia Shipping Services & Oil Trading (AISSOT). AISSOT had recruited United Arab Chemical Carriers (UACC) CFO and acting CEO Ketil Ostern as its CEO in May. Sources
- Vasi Shipping selling boxship for scrap
Singapore-based Vasi Shipping is in the process of selling its only owned containership for recycling. Managing director Captain Venkat Padmanabhan told TradeWinds that reports by brokers that a deal had been lined up to sell the 1,368-teu containership Vasi Sun (built 1990) to Bangladesh for $470 per ldt or $3.5m are premature. "The ship is not yet sold. We are still negotiating," he said on We
- Alpha Shipmanagement aframax heads for recycling
Singapore-based Alpha Shipmanagement has sold a 22-year-old aframax tanker for demolition in Bangladesh. Polaris sells two more capesize bulkers for demolition Masterbulk sells final two 1980s-built bulkers for recycling in Alang Shipbroking reports show that the sale of the 114,000-dwt tanker (built 1996), which Alpha bought as the Muroran Maru in March 2013 for $8m, has been done on a gas-fre
- Carnival sent petition on burning HFO in Arctic
Arctic indigenous leaders and marine and environmental experts deliver 104,000 signatures from Europe and North America to the cruise major's UK headquarters.
- Golar LNG Partners distribution cut shallower than feared
Unit price ticks up as axe finally falls on quarterly payout to investors.
- Fire on cruiseship newbuild contained quickly
Meyer Werft says only minor damage caused after blaze in AidaNova cabin.
- Fredriksen moving to stealthily slide up LNG newbuilding tally
Norwegian shipowner closing in on additional contracts at South Korean shipyard.
- Minister rescues royals as Klaveness wows the crowds in Yangzijiang
Norway's foreign minister stands in for Queen Sonja and King Harald V at last week's delivery of the first of nine kamsarmax-size vessels at Yangzijiang Shipbuilding Group's New Yangzijiang yard
- Laskaridis moves into offshore with PSV buy
Greek owner won auction for vessel stranded in UK for more than two years.
- Scenic Cruises could build three more at Uljanik
But first ships will be pulled if striking staff stop sub-contractors working.
- Marco Fiori resigns as chief executive of d'Amico International Shipping
Executive departing at the end of this year after more than two decades in the job.
- Arctic takes positive view on NAT with eyes on refinancing
Rising rates and vessel values should support recapitalization, analysts say.
- Canadian sea 'too warm' for research ship
Unusually mild conditions meant vessel could not use water to cool engines.
- West of England hikes premiums
P&I mutual agrees 5% general increase for next year.
- Swiss prosecutor opens Massoel kidnapping case
Negotiations with Nigerian abductors of bulker crew ongoing.
- Double Haven takes chunk of Oceanteam in debt swap
Fund builds stake to 5.12% in OSV owner.
- Siem Offshore fixes subsea ship for 15 months
Siem Barracuda to carry out renewables work, with six months of options.
- MOL fitting intelligence system on 80 bulkers
Japanese owner using NAPA kit to optimise propulsion.
- Stenersen lines up tankers at Taizhou Kouan
Norwegian owner has two chemical carriers on subjects at Chinese yard.
- Hunter and Hartree open door for consolidation with new eco VLCC pool
Arne Fredly's Hunter has taken its first step in VLCC market consolidation, teaming up with fellow newcomer Hartree Maritime Partners to create a pool for scrubber-fitted eco VLCCs. Oslo-listed Hunter is also taking supervision of the four VLCCs Hartree has under construction at DSME, a statement to investors explained. Hunter Group 'increasingly attractive' M&A target Hunter Group aiming to s
- Clearlake extends charters on Novoship aframaxes for a year
Russian state giant charters out another two aframax tankers, bringing the total number of its period deals in this segment over the past month to five
- Loan provisions drop to $50m at Nordea
Third quarter sees shipping reverse impairments, but offshore losses grew.
- NYK develops on-board checks for LSFO
Japanese owner's new kit will help IMO 2020 compliance bid.
- Polaris sells two more capesize bulkers for demolition
The Solar Ember and Solar Arion reported to be heading for recycling in Indian subcontinent.
- UK draws up plans for Brexit ferry flotilla
Vessels could be chartered to bring in critical supplies in event of no-deal EU exit.
- Caspian Shipping to add 50 vessels by 2025
Azerbaijan shipowner eyes expansion at its lines up four more tankers at Baku Shipyard.
- BW LPG, Trafigura and UASC suing WFS over contaminated bunkers
Off-spec fuel said to have caused damage to fuel pump systems aboard two VLGCs, plus problems on a tanker and boxship.
- Seacor Holdings sees slight dip in third quarter profit
But Charles Fabrikant-led firm posts better results in inland and shipping and logistics divisions.
- OOCL looks to expand African liner footprint
Hong Kong liner operator now set to serve both sides of continent with new services from Asia and Europe. OOCL opts for LSFO to meet IMO 2020 regulations OOCL is expanding its liner service foot print in Africa with the introduction of new services to the continent from Asia and Europe. From China it is introducing two new services - West Africa Service 1 (WAF1) and West Africa Service 3 (W
|OCTOBER 24, 2018|
- DB Schenker training with 3D technology, virtual reality
- Sovcomflot tanker completes first voyage on LNG fuel
- Trump signs opioid package into law
- Port, rail and intermodal funding bill garners support
- Norfolk Southern reports 39 percent profit hike
- New year hike in tariffs to 25 percent may be inevitable
- Senator: Tariffs complicate USMCA prospects
- Auto execs hope for regulatory focus in U.S., EU talks
- DSV says it won't pursue CEVA acquisition
|OCTOBER 24, 2018|
- WTI/Brent spread narrows as crude futures diverge
The WTI/Brent spread steadily narrowed on Wednesday after crude futures diverged in afternoon trading.
- Russian Rosgeologia sees catastrophic underfunding in state exploration projects
Russian Rosgeologia sees state funding of hydrocarbons exploration as catastrophically insufficient, which could contribute to a drop of 40% in oil output by 2035.
- IMO rejects 'experience building phase' for 2020 sulfur cap
Proponents defended it as a data-gathering exercise while its detractors saw it as an attempt to water down the regulation.
- Bunker suppliers source fuel oil clips in NWE MOC amid tight availability
The tightness is reflected in the highly backwardated physical to paper 3.5% FOB Rotterdam barge structure, last assessed at $8.00/mt Tuesday.
- TRADER NOTE: Varun Chhabria joins UK's Greenergy to lead Marine Fuels group
Varun joins the company from independent fuel and lubricants supplier Certas Energy.
- FUJAIRAH DATA: Oil product stocks up 5.8% on week, driven by light distillates
Light distillates reached their highest levels since the start of inventory reporting in January 2017, due to weak gasoline demand and strong supply flows of European gasoline east of Suez.
- S Korea's Hyundai Oilbank to start supplying 0.5% sulfur bunker in Oct 2019: source
From October 2019 to May 2020,it will be able to supply about 50,000 mt/month of LSFO, the source said.
- External: Global Risk Management
- Japan's bunker fuel demand improves as South Korean prices rise on tight supply
"Supply will be tight in Korea till the first week of November," a South Korean supplier said.