|APRIL 30, 2018|
- Asia-Europe rate jumps 32.5pc to US$774/TEU, up 21.8pc to USWC
- Cosco Ports quarterly profit soars 84pc to US$69 million, revenue up 86pc
- Maersk Line to test autonomous vessel technology
- Duterte okays US$15.3 billion of airport, rail projects
- India's Hazira port handles 500,879 TEU in FY2017-18, up 20.7pc
- Abu Dhabi signs MoU to collaborate in China's Belt and Road
- CEVA to list on Swiss stock exchange in May
- Hapag-Lloyd makes first call at Prince Rupert on PS8 service
- Reefer boom: Oakland fruit & veg cargo soar 36pc in four years
- DP World's combined Q1 volume up 8.4pc to 17.6 million TEU
- Davies Turner goes east with express China rail service
- ScanReach to locate seamen in distress when lost at sea
- Air China quarterly profit up 66.3pc to US$10.4 million
- Lufthansa profit soars 97pc to US$78.7 million, sales up 12.7pc
- DHL Express expands NYC e-commerce capacity to meet demand
|APRIL 30, 2018|
- Russian rail operator invests in rolling stock
- Turkish Cargo attends another airshow
- Hamburg's forwarders optimistic
- Canada and Turkey ratify HNS
- Dutch rail company leasing new traction
- New chairman for Hamburg trade association
- UPS notes faster growth in international segment
- Port of Prince Rupert in PS8 loop
- Wien Cont appoints second managing director
- ECS Group now MEA's GSA in Paris
- Rail alliance hauls 30% more freight
- Rhenus increases sales in Switzerland
- Dnata continuing services at Zurich airport
- 2017 - rough for MOL
- Two top shots for K Line
- Romanian locomotives for Swedish railfreight carrier
|APRIL 27, 2018|
- Weak tanker rates force CSET to post loss
- Box line Cosco Shipping sees 33% profits plunge in first quarter
- Cosco Shipping Devevelopment sees net profit plunge on higher costs
- Samsung Heavy Industries in the red as orders decline
- Vroon denies feeder sale is part of restructuring scheme
- Yemen's Red Sea Ports Corporation denies Hodeidah tankers detained
- Bureau Veritas marine revenues tumble by 14% in first quarter
- Grimaldi orders six lithium-battery hybrid ro-ros
- ABS pilots condition-based vessel surveys
- Ernst Russ eyes more feeder ship buys
- Korea Eximbank seeks white knight for Sungdong
- Room for simplification in shipping, says Maersk's Søren Skou
- Profits for NYK and "K" Line, ONE loss for MOL
- Singapore bunker firms form Zhejiang free trade zone joint venture
- Singapore extends MFM use to distillates bunker fuel from 2019
- Former Hanjin Shipping CEO moves on at Korean Air Lines
- Sinokor eyes Newcastlemax quartet at Shanghai Waigaoqiao
- EPA's Pruitt grilled on Savannah harbour pilot boats
|APRIL 27, 2018|
- Spot rates rebound and carriers now need self-discipline before peak season
- Strong start for air freight market, but trade wars and fuel price cast a shadow
- Maersk CEO calls for an end to shipping subsidies
- Shippers unveil new initiative to strengthen supply chain in war against fakes
- Telephones and emails the main hurdles as shipping steams towards digitisation
- Amazon operating income nearly $2bn in Q1 - double what Wall Street expected
- Bolloré named in probe into lucrative African port contracts
|APRIL 27, 2018|
- Jonathan Guest to take helm at Harland and Wolff
- Prudential Capital and Crowley complete $100 million private placement
- VHF confusion and fatigue led to Dover Straits collision
- 2020 Bulkers Ltd opts to install scrubbers on newbuilds
- VIDEO: Ex Westpac Express now largest high speed ferry on Irish Sea
- New Zealand frigate starts upgrade at Canada's Victoria Shipyards
- Vryhof wins significant contracts for new anchoring solution
|APRIL 27, 2018|
- GasLog Partners sees LNG carrier shortage
Four vessel acquisitions since May 2017 have resulted in six consecutive dividend increases
- Another world first for Dubai's post-oil plan
Dubai makes no secret of its ambitions to be world leader on many fronts, and its latest maritime venture is...
- Japan could become an Asian LNG bunkering hub
The world's largest LNG importer already has 40 LNG terminals on its coast
- Volume boost drives profits at Cosco Shipping
Regional and emerging markets and terminal volumes from alliance partners swell Cosco's coffers
- Concordia's Ullman says IMO sulphur rules will benefit tankers
Sweden-based tanker owner and operator sees positives from the low sulphur rules, not just in terms of potential increased scrapping...
- The Interview: Kenneth Lim
The man tasked with turning Singapore into shipping's Silicon Valley believes that the industry has to embrace collaboration or face...
- Tsakos sells 20-year-old VLCC for scrapping
New York-listed TEN joins VLCC scrapping frenzy this year by sending the oldest ship on its fleet for demolition
- Northwest Europe product tanker market lifted by shipments to US and Nigeria
Gasoline floating storage tanks off the coast of Nigeria reduce tonnage supply, while US product exports hit record high
- Oman secures its future with SOHAR
Oman's premier port is on an aggressive expansion journey which aims to help transform the sultanate's economy and provide a...
- SMW: Should Sino-US trade spat be a big shipping concern?
The fear does not come from when things change, but from when people do not know whether it will change...
- K Line posts full-year net profit of $95m
The company intends to shrink its exposure to the dry bulk segment
- Surging volumes drive up Cosco Shipping Ports' earnings
CS Ports' volumes climbed 37.7% to 27.2m teu in the first quarter of 2018
- SMW: Box ports struggle to accommodate carrier demands
Cascading of container ships has left many ports unable to accommodate vessels allocated for intra-regional trade
- Grimaldi confirms order for six hybrid ro-ro vessels
Agreement signed with Chinese yard for first of 12 eco-ships to be used on Mediterranean and Baltic routes
- Pakistani yards reopen for tanker scrapping
The development is a welcome news for tanker owners because it will boost competition among shipbreakers, resulting in attractive prices...
- DP World reports 7.3% first-quarter volume growth
Terminal operator sees volumes up across global portfolio in first quarter of 2018
- Pollution at UK ports estimated to cost at least $188m per year
Ro-ro vessels, bulk carriers and passenger ferries were among the heaviest polluters berthed at UK ports in 2016
- ONE-related restructuring charges drag MOL to $446m loss
Company projects profit of ¥30bn for current fiscal year
- NYK returns to profit
In container shipping, it reported brisk traffic along transpacific routes
- SMW: Singapore agreements unveil digital agenda for the future
Singapore Maritime Week spawned a series of agreements that link the city-state with European digital leaders. While short on detail...
- Baltic Exchange develops dry bulk recap tool
The tool can maximise efficiency and accuracy in contract production
- Singapore extends bunkers' mandatory flow meters to distillates
Around a third of the city state's bunker barges are estimated to be used for distillates
|APRIL 27, 2018|
- Santos customs officers' strike intensifies, causing longer cargo delays
- Montreal to extend gates in bid to curb congestion
- Trans-Pac spot rate jump: One-off or early peak season?
- US shippers explore LTL, rail due to US truckload tightness
- Long Beach pursues chassis support yard to boost fluidity
- Japanese carriers enter ONE with global growth, muted Asia-US gains
- Russia countersanctions fee to hit US, Europe air cargo shippers
|APRIL 27, 2018|
- Seacor Marine adds two board members
New York-listed offshore vessel owner adds expertise in finance and energy with new additions.
- Another VLCC test completed in US Gulf
Test run for loading of super tankers comes as US crude exports hit a new record.
- Royal Caribbean warming up to Cuba
Richard Fain-led cruise major almost doubled capacity to the island group for 2018.
- Samudera to focus more on drybulk sector
Diversified Indonesian owner expects its boxship segment to be 'challenging.'
- Moody's lowers Dynagas outlook to negative
London-based ratings agency downgrades the Tony Lauritzen-led partnership as $250m in debt is set to mature in late 2019.
- Lego family fund confirms plan to exit non-brick ships
A fund controlled by the descendants of the Lego Group's founder is planing to exit shipping. Danish investment company Kirk Kapital said in an annual report that shipping is now a discontinued activity as it looks for an "opportune time" to dispose of its product tanker fleet. Outright ship purchase a first for Kirk family The company which was set up in 2007 to manage the wealth of members of
- Enesel linked to VLCC sale
Lemos company said to have offloaded 2007-built tanker.
- Diana sees better rate on panamax hire
Athens-based shipping company charters out vessel at 150% improvement over previous rate.
- Moby Lines lands a whale of a profit
Italian ro-pax group pushes up 2017 earnings on higher revenue.
- Havila extends PSV deal with Maersk Oil
Norwegian owner keeps Havila Clipper in work for another two months.
- GasLog Partners posts biggest quarterly profit
US partnership boosted by interest rate swaps as revenue remains stable.
- Chandris scraps veteran aframax
Greek owner offloads tanker for $6.3m to recyclers.
- Kyklades Maritime takes VLCC orderbook to eight
Greek shipowner's comeback to the sector has extended with two more newbuildings.
- Scandlines posts best-ever profit
Baltic ferry operator boosts earnings with expanded capacity.
- Cocaine found in box on Schulte ship
Nine tonnes of drugs hidden on board vessel searched by Spanish customs.
- Grimaldi inks $400m deal with Jinling
Grimaldi inks order for first in a series of hybrid ro-ro vessels
- Attica wins go-ahead for HSW takeover
Greek competition watchdog allows big ferry merger, but wrests some concessions.
- Radio mix-up and fatigue blamed for tanker, bulker clash
Confusing bridge conversation and a tired master led to smash in Dover Strait.
- NS United pushes up annual earnings
Japanese bulker owner enjoyed stronger 12 months - with more to come next year.
- Samsung Heavy falls back into the red
First quarter operating figures not as bad as analysts' estimates however.
- Egypt orders 10 dredgers, workboats at IHC
Dutch yard scoops big deal for cutter suction ships.
- Maersk AHTS to help harvest seabed metals
Maersk Launcher heading to Pacific to work for Canada's DeepGreen.
- IMRF calls for bravery awards nominations
International rescue federation wants to recognise those who have saved lives at sea.
- K Line reverses year ago loss to return to profit
However, the smallest of Japan's 'big three' cuts dividend in an effort to preserve cash
- Boxships and bulk helps drive NYK's return to profit
Japan's largest public owner reverses year-ago-loss on the back of improved market conditions.
- ONE costs push MOL to $446m loss in 2017
Spin-off of containership operation into Ocean Network Express takes its toll at Japanese shipowner.
- Singapore to expand MFM to low-sulphur fuels
Mass flow metering to be made mandatory for distillate bunker fuels from 1 July 2019.
|APRIL 27, 2018|
- Port Canaveral demolition begins
Canaveral Port Authority and its cruise partner will invest approximately $150 million in building and equipping a new two-story 188,000-sq...
- Port to negotiate with Oakland A's for ballpark site
Oakland A's officials have indicated that the port's waterfront location is one of two sites they're considering for a new home....
- Union Pacific partners with National Park Foundation
Union Pacific on Friday announced a new commitment to help preserve our nation's unique and inspiring spaces with its multiyear, $3 million...
- Skou: Government subsidies distorting shipping markets
Every now and then, an executive comes along and says exactly what analysts and even casual observers have been saying for years. At a mar...
- IP practices in Canada, Colombia among world's worst
Countries tabbed by the United States as maintaining the worst intellectual property rights (IPR) regimes should consider concerns outlined...
- Heartland Express drives up revenues in Q1
Heartland Express posted a net income of $13.4 million for the first quarter of 2018, and despite the favorable impacts related to the Tax ...
- Old Dominion moves up a gear in Q1
Old Dominion Freight Line Inc.'s net income for the first quarter of 2018 soared 66.2 percent year-over-year to $109.3 million as it manage...
- U.S. GDP growth sputters in Q1
United States gross domestic product - the broadest measure of a nation's overall economic health - grew at an annual rate of 2.3 percent i...
- ONE carriers post choppy FY 2017 results
Japan's three largest ocean carriers - Nippon Yusen Kabushiki Kaisha (NYK Line), Mitsui O.S.K. Lines Ltd. (MOL) and Kawasaki Kisen Kaisha L...
|APRIL 27, 2018|
- With spare capacity in reserve, Saudi Arabia stands to gain from Iran sanctions
Saudi Arabia will be handed a golden opportunity to seize oil market share if US President Donald Trump reimposes sanctions on Iran.
- Crude futures consolidating near three-year highs
Crude futures dipped Friday, but remain just off three-year highs reached this week supported by continued geopolitical risk, despite a significant political thaw overnight on the Korean peninsula.
- Sinanju greets MGO MFM rollout with Singapore's 1st dual-metered bunker barge
Will retrofit half its fleet with meters for MGO deliveries, while some will have two meters.
- ARA fuel oil stocks up 3% on week as VLCC loaded to go east: PJK
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region rose 3% on the week to 1,169,000 mt as of Wednesday, latest data from PJK Consulting showed Friday, with the European market remaining well supplied.
- Tankers in excess supply but trade growth set to drive demand: Clarksons
Excess supply of tankers is currently adding to the downward pressure on the freight rates but demand is strong, fueled by an economic upswing and rise in global trade, Clarksons Research Managing Director Stephen Gordon said this week.
- Vessels forced to de-bunker after receiving off-spec bunker fuel in Singapore
Sources estimate about 20,000 mt of bunker fuel were off-spec.
- HK bunker activity increases as Singapore sellers grapple with issues
Pickup in activity in Hong Kong comes after spot demand earlier in April had been sluggish.
- Asian oil importers ready to sail through Iran sanctions storm
Major Asian oil companies were well-positioned to seek alternatives.
- Oiltanking to reduce tug boat charges at Indonesia's Karimun terminal from May 1
Starting May 1, the tug charges for Medium Range-sized vessels will see the sharpest reduction by nearly 50% from the current indicative rate of around $16,400/grt.
- Singapore mandates MFM for distillate bunker delivery, readies industry for 2020 sulfur cap
"The industry has given positive feedback on the mandatory use of MFM for MFO," MPA Assistant Chief Executive (Operations) M Segar said.
- Japan-bound VLCC laden with Brazilian crude likely looking for home: sources
Baltic Glory was diverted from China because of an oversupply of crude there.
- TANKERS: Scorpio plans $334 mil liquidity injection after $31.8 mil Q1 net loss
The company expects to announce all the credit facilities in May and June, when these transactions have been definitively approved, it said.