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| APRIL 27, 2018 |
- K+N quarterly profit up 12.9pc to US$239.9 million, sales up 13.1pc
- Thousandth IAG Cargo HK-Stansted flight since 2014 this week
- Optimism abounds transpac rates will enjoy peak season rebound
- Cause of 4-fatality fire on a Maersk 15,262-TEUer still unknown
- China has to take actions to prevent trade war: Canada
- Poor growth expected for Westports after strong prior year
- Georgia ports are off to flying start with box volume up 9pc in current fiscal year
- New data required for OOCL delivered imports into Nhava Sheva
- Carrier consolidation cure and cause of rate volatility: SeaIntel
- 'Blockchain to revolutionise shipping, send world trade soaring'
- DHL, IBM study on AI points to cost savings and wide-ranging apps
- China's Uber for trucks is said to have raised US$1.9 billion
- Penitent United Airlines CEO skips bonus, chairman steps down
- Weakening demand growth marks trend in European air cargo
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| APRIL 26, 2018 |
- APL bags ship operator award
- Bulk carrier incident off Navlakhi port
- Transworld Group embarks on its digital transformation project - "Innovation in Motion"
- Details of transporters, selected routes & nodewise ceiling rates
- JNPT revises computation of dwell time & reefer charges
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| APRIL 27, 2018 |
- More space for trucks on Maasvlakte
- US class I railroad earns record amount in Q1
- Antonov introduces itself as Western airlift partner
- Award for Nautical Institute's e-engagement
- Doubling picking speed for Volkswagen
- Biggest Singapore orderbook ever, says Vessels Value
- Four new locomotives delivered to Africa
- Logistics real estate group recruits CFO
- Hopi joins Seafoodways
- New brand for MOL's NVOCC business
- Etihad Cargo flies bustards across the world
- UK freight forwarder to introduce China rail service
- Mack's switch to DHL confirmed
- DB Schenker to build second centre in Dubai
- Green light for Tuas terminal phase 2
- Strong start to Cargolux 2025 strategy
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| APRIL 26, 2018 |
- Shipping lines will face more ransomware attacks: INTTRA
- Yangzijiang Shipbuilding buys 60% stake in Chinese shipping firm
- HSH Nordbank completes balance sheet clean-up
- Scandinavian banks see shipping portfolio quality improve, but caution persists
- Dry bulk will gain from US-China trade war, Khalid Hashim says
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| APRIL 26, 2018 |
- Cargolux interview: China JV freighter airline delayed another year
- Carrier reliability reaches new nadir in Q1 as premium services gain ground
- Shippers push carriers toward bespoke container services to boost reliability
- Antonov ready to offer NATO AN-124 support as Volga-Dnepr bows out
- International business on the up for UPS, but domestic profits slump
- MOL launches new NVOCC unit as Michael Goh moves to Product Transport
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| APRIL 26, 2018 |
- Carnival Cruise Line names Lars Ljoen EVP marine operations
- Maersk Supply AHTS departs on deep sea mining study mission
- Wärtsilä successfully tests ferry autodocking system
- Stena orders "Gas Ready" RoPax for charter to DFDS
- MAN Diesel & Turbo approves Alfa Laval HCO filter technology
- How to pick the right stern tube bearing EAL
- House panel would add three more ships to FY 2019 NDAA
- Baltic Exchange and Freightos launch container shipping index
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| APRIL 26, 2018 |
- Klaveness exercises option for fourth new combination carrier at Chinese yard
Norwegian shipowner opts for a fourth newbuilding combination carrier at a Chinese yard as it raises $32m in equity for...
- Cloud-based energy logistics firm targets the US
Data security and efficient flow of information are among the big challenges
- Gas to take share in tanker trades from crude and products
Seaborne liquid bulk trade growth to accelerate in the coming decade on LNG consumption
- HSH Nordbank says future ship lending heavily capped by Brussels
Bad shipping loans prompt a $1.3bn write-off that shunts German lender into deep minus territory
- China's imports help BDI to four-month high
The BDI is at the highest in almost four months thanks in part to a surge in capesize rates, which...
- Chapman departs as UK Sosrep after four months at the helm
Deputy Sosrep Stephan Hennig will take over until a permanent replacement is found after Mr Chapman's sudden exit
- Maritime UK taskforce to launch Women in Maritime charter
In-principle support sought for innovative new agenda at rolling launch in Southampton in early July
- Yang Ming poised to contract 10 boxships from Shoei Kisen and Costamare
Japan- and Greece-based owners said to have emerged as winners of Taiwanese carrier's tender for 11,000 teu vessels
- Port and logistics groups call for clarity on Brexit requirements
Leaving the European Union-enforced Customs Union threatens disruption at ports if clear details are not worked out ahead of time
- Fears of customer attrition put spot rate recovery in doubt
Asia-Europe and transpacific rates continue to disappoint in the early stages of the second quarter
- SMW: Shipping needs more regulation, not less, says Ince & Co partner
Leading lawyer Rosita Lau calls for new regulation for cyber risk and digitalisation. 'Regulations are not keeping up with innovation,'...
- Wärtsilä hails 'world first' ferry autodocking trials
Finnish technology company and engine maker wins backing from Norwegian and Singapore governments
- K+N unfazed by box lines' moves deeper into logistics
K+N chief executive Detlef Trefzger sees no conflict with container lines expanding their value chain into the third-party logistics customer...
- Vincent Bolloré probed over corruption claims in African port deals
Allegations 'misunderstand business', argues dominant logistics player in former French colonies
- Viewpoint: Light across the border
At a reception in London to mark the Commissioners of Irish Lights launching their strategy for the next five years...
- New DP World Europe head signals commitment to the UK
Rashid Abdulla said DP World is 100% committed to the UK as he moves from Asia-Pacific to Europe and Russia
- Rising Australian exports boost LNG tanker demand
Australian trade dominated by 145,000 cu m-184,000 cu m ships in the Pacific basin
- Letter to the Editor: International efforts to address shipbuilding overcapacity
There are compelling needs for establishing normal competitive conditions in the shipbuilding industry
- SMW: Maersk's Skou calls for end to subsidies
Skou also expects much of the sector to opt for compliant fuels to meet the sulphur cap
- SMW: Cargill calls out box lines on capacity misalignment
Growing demand from North South trades are not being matched with appropriately sized deployments from the lines, argues major charterer
- SMW: China's iron ore imports set to exceed 1.5bn tonnes this year
Improved iron ore import demand from China would provide opportunities to the dry bulk shipping market
- Yangzijiang buys a major stake in Chinese shipping firm for $28m
Jiangsu Huayuan Logistics is mainly engaged in leasing and chartering of vessels for China domestic trades
- Wall St Note | Clear or clearer skies for Scorpio Tankers?
The bigger you are, the more options you get to fight a bad market
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| APRIL 26, 2018 |
- Targeting Asia cargo to Petersburg, Novorossiysk port expands
- US truckload contract rate hikes hit double-digits
- Analysis: ELDs are US trucking's inflection point
- INTTRA to launch automated contract rate management pilot
- Delay-hit shippers hope new additions rev up US rail regulatory
- Ocean carriers target breakbulk to diversify India business
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| APRIL 26, 2018 |
- Kirby improves first-quarter earnings
Houston-based tank-barge giant misses estimates despite attaining higher profit.
- Seacor's earnings fall for the first quarter
The diversified marine services firm posted higher revenue but incurred heavier costs during the period.
- Vulcanus resumes supramax growth drive
- Turk Loydu challenges IACS over membership attempt
Class society considers complaint to competition authorities alleging association moved goal posts to scupper membership application
- Gener8 clears covenant hurdle ahead of takeover
New York tanker owner said to be in discussions with lenders on other issues but none would imperil pending buyout by Euronav
- OSG shares pull ahead of its Jones Act sibling
American Shipping lags behind New York-listed tanker operator, whose stock has risen by 100% since February
- Norton stays cool as OSG shares run hot
- Transaction puts Dutch dealmaker in the spotlight
- Capital markets slowdown hinders Clarksons in Q1
- World's shipping figures descend on Shanghai for Capital Link meet
- First woman wins prestigious Onassis Prize in Shipping
- Digital transformation depends on addressing five key questions
As players of all sizes struggle to find clarity on how best to deploy the power of technology, BW Group chairman moves beyond generalisations and gets to grips with the critical issues
- Asia-Europe slump fuels fears of rate war
- Baltic Exchange mounts fresh bid to crack container market with freight index
New partnership with Freightos in crowded world of container shipping indices vies to become sector benchmark and promote derivatives use, but is decried by rivals who fear it will set industry back
- Environmental changes expected to create three-tier market
- Good times are round the corner, Hartland predicts
Shipbroker's annual review highlights potential positive impact of environmental regulation on supply and demand
- StealthGas linked to LPG unit sale at firm price
- Yamal LNG eyes fixture as project delivery speeds up
Russia's Arctic-based development is running counter to LNG norms with production coming onstream in advance of shipping
- Jiangnan Shipyard scoops LNG unit for Ghana import project
- Yards called up for Excel conversion
- Bangladesh ships in its first LNG cargo
- Newbuild prices rise as enquiries slide
- First cargo loading looms for Golar's Hilli Episeyo
Cameroon floating LNG unit poised to send early volumes into waiting vessel
- VLGC titans call scrapping a last resort for 'worst hangover ever'
Hurt by serious overcapacity problems, operators are opting for slow steaming over demolition
- Solvang fixes its oldest ship
- LNG will take decades to overtake oil-based fuels, Alphatanker says
Oil majors lead infrastructure build-out, with every continent bar Antarctica set for bunkering hubs
- 'Team De Margerie' enjoys grand tour of Sovcomflot's LNG flagship
- Refund guarantees at centre of Japan-Korea yard subsidy war
Tokyo finalises details of WTO case against alleged price dumping and state support for rival shipbuilders
- North Sea floating hotels find trading buyers in Greece
- Subsea 7's marriage proposal to McDermott rapidly turns hostile
McDermott board has firmly rejected a takeover offer from the Kristian Siem-led company, which has now taken its case for a merger directly to shareholders
- Subsea 7-McDermott tie-up would make new market leader
- DNV GL man readies IACS for digital age
- Privocean trial centres on battle over dock damage
Actions of dockworker continue to dog litigation as '16 and a half' of 17 claims have now been resolved
- Valentis seeks cooperation from small companies on consolidation
- Great Eastern tipped to buy Toisa tankers
- Pakistani breakers back, and they hold upper hand
Local demolition yards prepare to welcome tankers again after 18-month ban
- Tankers' future is bright, but don't book those yard berths just yet
While plenty of factors give cause for optimism, a question mark looms over the timing of any upturn
- PetroVietnam adds to fleet with Doun Kisen tanker
- Avin secures top dollar in scrap sale of elderly tanker
MR2 tanker sold in Singapore for $6.07m with delivery in Bangladesh
- MR trio tied up for a year as period rates lag
- Top shipping names visit Ship of Mercy
Brokers and owners moved by work of organisation 'bringing hope and healing' to Africa's poor
- The experts agree, chemical tanker recovery is in the air
Analysts and operators say a market turnaround is on the cards, they just differ on the timing
- Seven more handies take Njord's total to a dozen
- Oldendorff grows with buys and seeks sale-leasebacks
German outfit adds four mini-capes to fleet for up to $19m each and is said to be in talks to sell 13 ultramax bulkers
- Densay linked to canny asset plays
- Pavimar snaps up 12-year-old kamsarmax to expand fleet
- Load Line nearly triples its money on supramax
Sale of a similar bulker shows less profitable timing as supramax asset values continue to climb
- Cosmoship Maritime nets Sinokor cape
- Seven Seas gains from high bulker values
- Gibson turns on the British charm in Singapore
- Cosco International expects a first-quarter profit
Singapore-listed firm foresees positive results on the backs of latest growth projects.
- Costamare and Shoei Kisen tied to Yang Ming deal
Greek and Japanese shipowners touted as joint winners for boxship newbuildings.
- Nisshin handysize reported sold to Nova Marine
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| APRIL 26, 2018 |
- GEODIS opens office in Uganda
The Uganda-based office will extend GEODIS' footprint in Africa for both current and new key global clients. The new presence also provides...
- Port of Los Angeles wins construction awards
The Port of Los Angeles garnered two awards for outstanding achievements in construction management....
- Seiko awards outsourced logistics contract to Yusen
Seiko has awarded a contract to Yusen Logistics following a strategic move to outsource its entire U.K. warehousing operation....
- Jettainer tests next generation of digital container
"The technical possibilities of the digital container enable us to reduce the time and financial expenditure for repair measures. With our ...
- Administration hopes for CFIUS reform passage this year
A senior Trump administration official expressed optimism Thursday that legislation to reform the Committee on Foreign Investment in the Un...
- CargoLogicAir boosts freighter frequencies
A third flight per week is added from London Stansted to Atlanta; the summer schedule includes new twice-weekly direct services from Stanst...
- Booster expands fuel delivery, tire care service
Booster has "reinvented the fuel supply chain by cutting out the gas station," says co-founder Tyler Raugh....
- American helps ready Canadians for Cinco de Mayo
Utilizing American Airlines Cargo's widebody Boeing 777-200 and 777-300 equipment, the limes were transported from both Sao Paulo and Rio d...
- Union Pacific thrives in Q1
Union Pacific posted a net income of $1.3 billion on operating revenues of $5.48 billion for the first quarter of 2018, rising 22 percent a...
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| APRIL 26, 2018 |
- ICE Brent/WTI spread widening on geopolitics, US output
The ICE Brent/WTI spread was $6.55/b Thursday afternoon, out from $5.95/b Wednesday, its widest level since late 2014, encouraging US producers to ship crude overseas.
- Rotterdam bunker suppliers offer end-month prompt loading on poor demand
Weak demand for bunker fuel in Northwest Europe has left suppliers with excess product as the month draws to a close and several are willing to fix very prompt inquiries for 380 CST fuel in a bid to shift fuel, sources said Thursday.
- IMO 0.5% sulfur cap threatens fuel oil arbitrage shipments
Traders expect the fuel oil arbitrage from Rotterdam to Singapore to be one of the first casualties of tighter marine fuel sulfur limits in 2020.
- Marine fuel sulfur cap to raise costs; ban non-compliant ships: Maersk
Sulfur restrictions could jack up fuel costs by $50-60 billion yearly.
- Singapore advances Tuas Terminal plans, MPA inks deals to enhance maritime hub status
When fully developed by 2040s, the terminal will be able to handle up to 65 million TEUs annually.
- Debunkering requests at regional ports seen rising after Singapore off-spec issues
Specification issues have led to tight availability of the finished 380 CST bunker fuel grade.
- Dutch competition watchdog abandons bunker cartel investigation
"Although we established that there was consultation on price agreements in the period 2011-14, this did not lead to cartel formation."
- Veritas receives more samples of bunker fuel in Singapore with low flashpoint
The deliveries were made by multiple suppliers between April 16 and 18.
- South Korean refiners shy away from Libyan crude oil
Libya's output has recently been cut by 80,000 b/d after an attack on its export pipeline supplying the Es Sider oil terminal earlier in April.
- Bunkering set to dominate small-scale LNG landscape on tighter environment rules
Switching to LNG is slow, but once the tipping point is crossed, it would be a long term solution, SLNG CEO John Ng said.
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