|OCTOBER 30, 2018|
- The Economist: IMO 2020 will spur global warming and cut US GDP 3pc
- ICS hails progress made by IMO to implement greenhouse gas reduction
- IMO rejects calls for a soft rollout of tighter sulphur cap in ship fuel
- US refuses to resume trade talks until China addresses grievances
- Maersk to levy peak season surcharge from US/Canada to Philippines
- Cargotec Q3 profit up 17pc, but down in 2018 as sales rise throughout
- Trade ministers meet in Ottawa to set direction of WTO before G20
- Marine sector unprepared for cyber hack, big firms do better than small
- 'Chinese New Year need not be period of mourning with NYSHEX contracts'
- Port of Rotterdam puts US$85.5 million into developing northern Brazil
- Waste water treatment firm wants tighter rules to drum up new trade
- Boeing sets up shop in Sheffield, encouraging renewed faith in Brexit
- IATA outlines urgent priorities to minimise 'hard' Brexit impacts
- South African Airways to receive US$350 million bailout to restructure debt
- Air Charter Service helps fly in 600 tons of relief goods to Indonesia
- Jettainer offers eco-friendly light pallets that take the weight
|OCTOBER 29, 2018|
- Allowing domesticated containers carry ex-im cargo flagged with Revenue Dept, says Shipping Secy
- Cochin Shipyard set to construct one of the largest drydocks in India
- Govt to make interlinking of rivers a reality: Gadkari
- In a first, Pepsico will move its containers from Kolkata to Varanasi using inland waterways
- Infospectrum collaboration enhances Baltic Exchange members' risk assessment capability
- Kai von Taube to assume operational responsibility for ZEAMARINE line & tramp shipping from Ulrich Ulrichs
- London P&I Club issues guide to ECDIS management
- MOL newbuilding LNG carrier for Osaka Gas named
- New bulk liquids berth at Newcastle opened
- North Europe to North America services (AL1 - AL4) product update
- OOCL registers impressive performance in Q3 & nine months
- Port of Rotterdam Authority signs investment agreement for participation in Brazil's Port of Pecém
- Zeebrugge port grows 7.7 pc after third quarter
- Dispute settlement body of WTO to set up panel to examine US' allegations against alleged export subsidy measures in India
- India & US talk on a possible trade deal to resolve issues related to bilateral commerce
- All India Passengers Association meets Mumbai Port Trust officials to sort out important matters
- IWAI to hand over its Kolkata terminals to a private company on supply, operate, maintain model
- Cargo Shop 2018 - Shippers & LSP Forum has the Pune trade engrossed
|OCTOBER 30, 2018|
- Breaking ground for new Air Canada building in Edmonton
- VR for logistics employees
- Funding for on-dock rail yard expansion in LA
- ICTSI puts Melbourne on big boxship map
- ADP reshuffles retail and services division
- Railfreight hub opens in UK's steel logistics centre
- Partnership between PCN and Wisetech Global
- Cargolux committed to animal welfare
- More links between Asia and West Africa
- Swiss CMA CGM agency inaugurates residence in Basel
- "Curiosity of the Day"
- Slim pickings for European logisticians in China
- Strong results in a challenging environment
- Change of commander on Zeaborn's top deck
- Cost of shipping to rise, says Moore Stephens
- Saudia Cargo - pivotal role in kingdom's Vision 2030
- Enhancing rail link between Netherlands and Poland
|OCTOBER 29, 2018|
- UN sanctions two Panama-flagged tankers for North Korea links
- Gordon Dadds to buy Ince & Co
- Lack of urgency at MEPC 73 raises stakes for next meeting
- No vessel hijackings in past six months but danger remains: IMB
- ArcelorMittal Shipping expands with modern bulkers
- ICBC Financial Leasing adds Ultramax quartet at Zhoushan Changhong
- HMM, SM Line reject merger calls
|OCTOBER 29, 2018|
- IMO 'kills remaining hopes for requiring the building of more efficient containerships'
- A freight budget at last - Heathrow cargo chief draws up his wish list
- Mixed fortunes for OOCL in Q3 as liftings and revenues rise, but so do costs
- Business still booming for car-carriers, but headwinds on the way
- Analysis: K+N, Panalpina & DSV - still street-smart and gutsy?
- Turkmenistan lures airlines with promise of cheaper fuel
- IBM and Maersk struggle to sign partners to shipping blockchain
- 2020 ship fuel overhaul will cost Russian oil firms billions
- Torsten Holst Pedersen and 'Ted' Chang join lead team at Seaspan
- Yodel brings in retail and logistics veteran John Hughes
|OCTOBER 29, 2018|
- Foss transfers powerful hybrid tug to Cook Inlet Tug & Barge in Alaska
- J.F. Lehman acquires vessel preservation specialist IMIA
- EU NAVFOR destroys Pirate Action Group whaler
- Ballast Responder put to test on working Great Lakes bulker
- Okeanis Eco secures financing for two VLCC newbuilds
- ABS issues guidance on implementing smart functions
- Holland America Line plugs into shore power with ABB connectors
- Eleventh BWMS gains U.S. Type Approval
- Sembcorp Marine wins Norwegian plug-in ferry contract
|OCTOBER 29, 2018|
- Port of Corpus Christi has its own plans for a crude terminal on the US Gulf
The port has opposed plans from Trafigura to build an export terminal 15 miles offshore
- Overlooking safety is not being 'proactive' on the environment, say Greek owners
In welcoming last week's outcome of tough emission regulation talks at the IMO as restoring the importance of maritime safety...
- A Cosco-Sovcomflot tie-up would be a long and uncertain journey
Nobody can tell whether Moscow will change its mind again, especially at a time when the Russian economy is breathing...
- Project shippers may avoid US tariff fallout
XLProjects' Gary Dale Cearley says the US-China tariffs would have a limited impact on heavylift, project and specialist forwarders based...
- Teekay accepts $96m settlement with Petrobas
The settlement will increase Teekay's fourth quarter revenue by $91m
- Magnolia LNG project delay a minor setback for carrier market
The final investment decision for Magnolia LNG is due in the first part of 2019
- Asia-Europe ocean rates stabilise after September crash
Asia-Europe rates are still sitting at less than 70% of their 2018 peak, despite a slight improvement in the past...
- Broker Ed to be sold to BGC Partners
BGC's insurance division was first established in 2017 when it acquired Besso Insurance Group, a Lloyd's broker with operations in...
- Emas Offshore unveils potential bailout
The deal could be worth as much as $73m and help relieve some of Emas' debt burden
- Sulphur cap should prompt only negligible rise in consumer goods, says SeaIntelligence
Consumers should expect a mere 39 cent rise in a $150 flatscreen TV or a 78 cent increase in a...
- Kidnapped bulker crew reportedly released
The bulker's owner, Geneva-based Massoel Shipping, has declined to comment
- Ince & Co acquired by Dadds Group
Shipping specialist founded in 1870 will now form part of wider corporate legal services practice
- Criterion Underwriting launches in Singapore
New entity will be led by former Munich Re Syndicate Singapore chief executive Jonathan Ranger
- Daily Briefing
2020 sulphur cap enters final stretch | No-deal Brexit would boost UK container trades | The Lloyd's List Podcast: LNG's...
- Sembcorp Marine wins $145m worth of renewables projects
Firm breaks new ground with the deals, one of which will use proprietary design from a subsidiary
- India's growing refinery capacity to spur demand for crude tankers
Developments in new refining capacity are likely to be the main driving force behind the growth in crude import demand
|OCTOBER 29, 2018|
- Charleston deepening work now eligible for president's budget
- IMO's high-sulfur 'carriage ban' to start March 1, 2020
- China-Europe rail providers shrug off full-train subsidy rule
- Zeamarine names Kai von Taube as managing director
- India, Bangladesh expand shipping pact, add calls
- INTTRA deal heralds redrawing of SCM software landscape
- Strong volumes no guarantee of container shipping profits
|OCTOBER 29, 2018|
- Pangaea fleet hits 20 with Tamai bulker buy
Ed Coll-led owner spends $13m on Oshima-built supramax with eye toward 2020 fuel efficiency.
- Tanker oversupply plagues China Merchants Energy Shipping
China Merchants' unit suffers from weak income from oil shipping.
- China Shipbuilding Industry sees profit climb
China Shipbuilding Industry Company Limited (CSICL) has posted stronger results for the first nine months of 2018, supported by a recovery in newbuilding markets and reduced financing costs. The Shanghai-listed flagship unit of China Shipbuilding Industry Corp, one of the two largest state-owned shipbuilding conglomerates in China, recorded a 28% on-year gain in net profit to CNY 1.42bn ($203m) i
- Somali pirate vessel blown up
EU Navfor destroys whaler used in attack on Golden Ocean's KSL Sydney.
- Private equity foots bill for Texas crude terminal
The first onshore export crude oil terminal capable of exporting VLCCs is coming to Texas' Gulf Coast with the backing of a major private equity firm. Trafigura project to bring VLCCs to Texas Corpus Christi raises funds to aid VLCC crude exports Monday, the Port of Corpus Christi Authority and the Carlyle Group announced an agreement that will see the Washington DC-based private equity firm co
- Pirates seize 11 crew from Dohle boxship
Nigerian gunmen strike again in raid on Pomerenia Sky.
- VLCC rates on the rise with world scale 100 in sight
Further demand from Saudi Arabia set to offer additional assistance to rates already at two-year highs, Morgan Stanley says.
- Balearia orders $102m LNG-powered ro-pax
Spanish owner picks Armon yard for pioneering high-speed catamaran.
- Nakilat eyes more expansion as profit rises
Qatari owner wants to diversify after adding shares in two LNGCs and an FSRU.
- Exmar confirms deal to refinance LPG carriers
Exmar Monday confirmed a refinancing deal for 10 LPG vessels. The sale and lease back transaction with Japanese counterparties was first reported by Tradewinds earlier this month. The transaction frees up $60m in cash ahead of fourth quarter closing. The Belgian shipowner received five of the 10 vessels today, with two more set for December and the remaining three expected in March 2019.
- Teekay Offshore Partners settles contract disputes with Petrobras
Teekay Offshore Partners has struck a near $100m settlement with Petrobras to end a contract dispute over two units. A third contract under contention, involving an FPSO, has also been resolved with the deal adjusted at a lower rate. Ingvild Saether, chief executive of Teekay Offshore, said: "We settled the contractual disagreements in a very constructive manner and we can now turn our full atte
- EU pledges $342m to clean up oceans
Cash will go towards plastics reduction and maritime security.
- MISC wins $176m FSO conversion deal
Malaysian owner to provide unit to Idemitsu Kosan for seven-year charter.
- Union Maritime makes healthy profit on sale of last supramax
Union Maritime is said to have sold its last supramax in a profitable deal that follows its purchase of five aframaxes from BP in September. US shipbrokers report the diversified UK shipowner has sold the 52,000-dwt Frognal (built 2005) to an undisclosed buyer. The Tsuneishi Heavy Industries Cebu-built bulker, which is due for special survey in August 2020, is reported sold for $10m. Galbrait
- Eurobulk to boost bulker fleet
Private Greek shipowning company said to have picked up a panamax bulker.
- DNB slashes impairments in third quarter
Lender sees modest improvement in oil and gas-related lending book.
- Ulrichs steps down at Zeamarine
Veteran of the Rickmer-Line seeks new challenges after takeover by Bremen-based Zeaborn.
- Braemar ACM raises 2020 product tanker rate forecasts
Brokerage keeps bullish view despite market recovery taking longer than expected.
- Crewman killed in Navibulgar bulker fire
Another seafarer injured on Balgarka at Varna Shipyard.
- Okeanis Eco Tankers close to funding full VLCC orderbook
Alafouzos-backed company inks two loans with existing lenders and predicts final piece of jigsaw to be in place next month.
- Seaspan unveils two new hires as shakeup continues
New York-listed boxship owner appoints former Maersk man as ship management head.
- Paris MOU bans cargoship for three months
Turkish vessel had inoperative lifeboats and emergency generator.
- Tidemand's Stove and Eastern Bulk return to profit
Two Norwegian bulker outfits turn around losses from 2016
- Ince & Co bought by Gordon Dadds for $44m
Company acquired by legal services group to create UK's largest listed law firm by revenue.
- GEFO orders two more tankers in China
Expanding German owner goes for bigger ships at AVIC Dinheng.
- Bimco backs IMO HSFO carriage ban
Owners organisation says move critical for enforcement of 2020 fuel rules.
- Vitol imports first US LNG into UK's South Hook
Commodity trader set to be first non-Qatari LNG tanker to use Welsh import terminal.
- Pertamina linked to NYK tanker trio S&P deal
Indonesian oil major continues its long-term tonnage buying relationship with Japanese owner.
- Greek ro-ro runs aground atop a volcano
Efforts are underway to refloat a Cretan Cargo Lines ro-ro stranded off Santorini
- Sembcorp Marine wins Norwegian plug-in ferry newbuilds
Battery-powered ro-paxes to serve on Norled's Hella-Vangsnes-Dragsvik route from 2021.
- OOCL reports strong transpacific growth
But Hong Kong liner firm unable to increase overall average revenue per teu compared to 2017.
|OCTOBER 29, 2018|
- Oil settles lower amid fears of economic slowdown, sanctions non-compliance
Crude futures settled lower on Monday amid concerns of weaker global growth prospects and the possibility of oversupply after sanctions on Iran kick in.
- Iran struggles to sell crude on domestic bourse
Iran has sold 280 thousand barrels of crude oil out of 1 million barrels on offer through the domestic bourse
- Brazil's Bolsonaro likely to advance oil-industry reforms
Brazil's oil and natural gas industry will likely continue to see reforms aimed at luring investments and boosting production
- US government abandons plan to add marine capacity for oil shocks: DOE official
The US Department of Energy is no longer considering adding marine capacity to help move government crude oil to domestic refineries during a potential supply emergency.
- West Med HSFO market feels pinch from arbitrage to Singapore
Bunker suppliers and buyers in Algeciras and Gibraltar have struggled to locate fuel oil for November delivery amid an active arbitrage window east.
- NWE LSFO lags behind HSFO despite backwardation in both markets
The European fuel oil hi-lo continues to sit in negative territory as the 3.5% high sulfur fuel oil market storms ahead of low sulfur on tight fuel oil availability in northwest Europe.
- Counter-seasonal swing into backwardation swamps European fuel oil market
The European fuel oil market is hung in a counter-seasonal swing as the winter 3.5% FOB Rotterdam barge intermonth spreads price in backwardation.
- FUEL FOR THOUGHT: IMO meeting eliminates doubts over 2020 delay
If any doubts remained that tighter sulfur emission limits for ships in 2020 could be delayed or otherwise watered down, those doubts should have been laid to rest at a key committee meeting of the UN body last week.
- External: Praxis Energy Agents DMCC
- Japan's refinery outage rises to 14%; autumn turnaround season to come to a close soon
This comes after Cosmo Oil said Monday it had shut the 86,000 b/d CDU at its Yokkaichi refinery for about 1-2 weeks for scheduled turnaround.
- China's Chimbusco receives first US-origin fuel oil cargo in 2018 amid trade tensions
Chimbusco's cargo does not attract any tariff because the US barrels will be kept within the bonded zone for bunkering to ships plying international waters.
- ANALYSIS: Middle East crude slides on global risk-off sentiment
"The market is correcting itself from the sharp levels seen last month," a China-based crude trader said.