|AUGUST 31, 2018|
- RCL to run two separate service to Cambodia and Thailand from Singapore
- HMM box throughput at Busan Port reaches record 1.2m TEU
- US Q2 GDP revised upward to 4.2pc
- US rolls out aid to farmers suffering from financial loss in trade war
- Verifavia reminds shipping companies of imminent IMO DCS deadline
- Maersk uses CargoSphere's platform to automatically notify customers of rates
- DB Schenker offers booking platform for land transport in Germany
- Changi air cargo edges up 2.1pc in July
- Airfreight volume growth in Asia Pacific accelerates in July: AAPA
- EmiratesSkyCargo flies relief supplies to flood victims in India's Kerala state
|AUGUST 30, 2018|
- 'I want the Indian trade fraternity to benefit from our expertise'
- Clarification on Total Movements article
- Shipping Portal to be launched soon to ensure transparency & efficiency in the sector: Mansukh Mandaviya
- APM Terminals uses drones to improve safety & efficiency
- New wage agreement signed for port & dock workers
- All roads lead to MALA 2018 today
- Ganga Rejuvenation also about generating wealth out of waste
|AUGUST 31, 2018|
- Back to its roots
- Forestry and bulk freight feed Kiwi earnings
- Gefco renews contract with Maiori Design
- Maersk to undertake Arctic trial
- Imboden turns his back on Swiss Post
- UPS gets OK to ship biological samples from Viracopos
- Poland: facelift for 63 km of track
- U-Freight sees AOG logistics services 'soar'
- Spanish ports on the rise
- US class I railroad develops hub in Canada
- New head of Swensk Sjöfart in October
- Zurich airport invites YOU to 70th birthday party
- «Curiosity of the day»
- Kuehne + Nagel establishes one European region
- DSV: Swift leadership change for Europe unit
- Testing multimodal shipping from Japan to Russia
- Airfreight traffic growth lowest since May 2016
- Erck Rickmers sells bulker fleet to Star Bulk
|AUGUST 30, 2018|
- Dredging raises the bar on pipeline safety
- BW LPG opts for LPG bunkers
- Productivity data show bigger vessels offer mixed bag of benefits and drawbacks for stakeholders
- Star Bulk to buy up to seven vessels from ER Capital
- NYK Line consolidates four logistics subsidiaries
- Fuel efficiency demands shorten LNG vessels' lifespan
- Growing Brazil-China crude trade to boost VLCC demand
- Shipping ranks high on Hong Kong's talent list
- COSCO Energy Shipping weakened by oil market, tanker rates
- HMM needs financial backing, says KOBC chief
- Mitsubishi Shipbuilding, COSCO shipbuilding unit launch scrubber project
|AUGUST 30, 2018|
- Canada and US push for a new North America free-trade agreement
- US-China trade war provides a bonus for Kerry Logistics as H1 profits soar
- 'Haulage at the click of a button' - hi-tech start-up aims to ease port congestion
- Impact of IMO 2020 low-sulphur fuel rule will be "close to a perfect storm", says Maersk
- MSC finally warming to social media
- Hermes and Seko Logistics join hands in Germany
|AUGUST 30, 2018|
- MHI-MME launches new MET turbocharger models
- Iridium and Rolls-Royce cooperate on autonomous ship connectivity
- Young Brothers takes delivery of first of four new tugs
- GulfMark Offshore: We'll talk to Harvey Gulf
- Maersk product tanker retrofitted with world's largest rotor sails
|AUGUST 30, 2018|
- BW LPG eyes 'world-first' LPG-fuelled very large gas carriers
Oslo-listed company's net losses widen on dismal market conditions and near-term outlook remains 'cautious' Related Stories Awilco LNG posts better results on higher charter rates Grindrod Shipping eyes expansion of dry bulk fleet amid growing losses Maritime and Coastguard Agency top job goes outside industry
- Awilco LNG posts better results on higher charter rates
Norwegian owner charters out one ship for up to 12 months at $85,000 per day, in line with the market Related Stories Grindrod Shipping eyes expansion of dry bulk fleet amid growing losses Maritime and Coastguard Agency top job goes outside industry DP World's acquisition of Unifeeder is 'no play for global supply chain dominance'
- Grindrod Shipping eyes expansion of dry bulk fleet amid growing losses
Singapore-based company, which listed on Nasdaq in New York in June, saw revenues drop in its dry bulk and tankers... Related Stories Maritime and Coastguard Agency top job goes outside industry DP World's acquisition of Unifeeder is 'no play for global supply chain dominance' Maersk says low-sulphur fuel could push up costs by $2bn
- Maritime and Coastguard Agency top job goes outside industry
Sir Alan Massey to step down at the end of October, after leading Britain's flag state and coastguard activities since... Related Stories Grindrod Shipping eyes expansion of dry bulk fleet amid growing losses DP World's acquisition of Unifeeder is 'no play for global supply chain dominance' Maersk says low-sulphur fuel could push up costs by $2bn
- DP World's acquisition of Unifeeder is 'no play for global supply chain dominance'
DP World's move into feedership operations is a logical step in creating a multimodal response to carrier power over terminals Related Stories Grindrod Shipping eyes expansion of dry bulk fleet amid growing losses Maritime and Coastguard Agency top job goes outside industry Maersk says low-sulphur fuel could push up costs by $2bn
- Maersk says low-sulphur fuel could push up costs by $2bn
Carrier says regulatory compliance will drive up costs but that there are no concerns over low-sulphur fuel availability Related Stories MOL brings in artificial intelligence expert for digital push Tanker woe sends Cosco Shipping Energy Transportation into the red Odfjell eyes new bond offering
- MOL brings in artificial intelligence expert for digital push
Japanese group to work with AI guru on digitalisation Related Stories Tanker woe sends Cosco Shipping Energy Transportation into the red Odfjell eyes new bond offering Venezuela's main oil port partially open after tanker hits dock
- Tanker woe sends Cosco Shipping Energy Transportation into the red
Business of shipping foreign-trade crude oil posted an operating loss of Yuan425.7m versus an operating profit of Yuan428.5m during the... Related Stories MOL brings in artificial intelligence expert for digital push Odfjell eyes new bond offering Venezuela's main oil port partially open after tanker hits dock
- Venezuela's main oil port partially open after tanker hits dock
No oil pollution to the environment and no damage to the vessel, according to Lloyd's List Intelligence Related Stories MOL brings in artificial intelligence expert for digital push Tanker woe sends Cosco Shipping Energy Transportation into the red Odfjell eyes new bond offering
- Odfjell eyes new bond offering
Chemical tanker and terminal owner suffered a $120m loss in the second quarter of 2018 Related Stories Venezuela's main oil port partially open after tanker hits dock Sir Adrian Swire dies, aged 86 NYK to integrate domestic terminal business
- Viewpoint: Mothers know best
Mother of cruise firm president called passenger Kay Longstaff a 'stupid woman' who had cost the company $600,000 after she... Related Stories Trade associations have a role to play in fight against trade wars Alarm raised over fuel contamination cases Shipping faces up to trade wars
- Star Bulk to buy seven ER Capital Holding-linked ships
The deal marks the fourth fleet acquisition since April this year, totalling 31 dry bulk vessels and more than $1bn... Related Stories Sir Adrian Swire dies, aged 86 NYK to integrate domestic terminal business SIPG profits boosted by gains from bank investment
- Sir Adrian Swire dies, aged 86
British billionaire had also taken senior roles in various shipping organisations, including chairman of the International Chamber of Shipping in... Related Stories NYK to integrate domestic terminal business SIPG profits boosted by gains from bank investment Star Bulk to buy seven ER Capital holding-linked ships
- NYK to integrate domestic terminal business
Two parties have agreed to merge UNI-X Crop and Nippon Container Terminals Co Related Stories SIPG profits boosted by gains from bank investment Star Bulk to buy seven ER Capital holding-linked ships Sir Adrian Swire dies at 86
- SIPG profits boosted by gains from bank investment
Shanghai-listed company says the container shipping industry is still in a "long cycle of dismal" troubled by oversupply of vessels, despite... Related Stories Star Bulk to buy seven ER Capital holding-linked ships Sir Adrian Swire dies at 86 First HSH Nordbank results since privatisation deal dip into the red
- Star Bulk to buy seven ER Capital holding-linked ships
The deal marks the fourth fleet acquisition since April this year, totaling 31 dry bulk vessels and more than $1bn... Related Stories Sir Adrian Swire dies at 86 First HSH Nordbank results since privatisation deal dip into the red Sovcomflot slips into the red on weak tanker earnings
- Sir Adrian Swire dies at 86
Billionaire British heir had also taken senior roles in various shipping organisations, including chairman of the International Chamber of Shipping... Related Stories First HSH Nordbank results since privatisation deal dip into the
|AUGUST 30, 2018|
- US truck shippers prep for higher 2019 spending
- ILA votes next month on US East/Gulf coast master contract
- Asia-US ocean importers forced to turn to air services
- Former Prince Rupert chief to head Quebec container project
- 3PL Mahindra buys stake in India logistics tech startup
- Shippers reacting to higher costs via CSX interchange reboot
- Ocean carriers benefiting from bigger ships, as terminals strain
|AUGUST 30, 2018|
- Bunker costs, freight rates sink Cosco profits
"Historical low" in international oil transportation dents Chinese state shipowner's bottom line.
- Ship Finance issues $72m bond
Fredriksen company raises money for fleet expansion with five-year Norwegian bond.
- AG Shipping tied to second tanker buy
- Emerging market wobbles look unlikely to shake global economy
Turkey's slide into economic crisis after the US imposed sanctions has raised fears of contagion, but global stability and growth appears unchallenged, writes global strategist Alexandre Tavazzi
- ADS Crude Carriers debuts on Oslo Merkur
- Kalani shareholder legal action to drag into 2019
Fraud lawsuits against DryShips, Top Ships, Diana Containerships and low-profile investment firm are grinding their way through US court system
- Buybacks strengthen Economou's hold on DryShips
- Modern boxships fetch premium as charter rates continue to slide
Rising fuel prices tilt market in favour of younger vessels
- New technology may impress but to succeed it must offer real value
Exciting new ship technologies may appear to offer near boundless promise, but the reality remains that hardware and software need to deliver results for shipowners and operators
- Japanese owner trio scoops bulk of Evergreen newbuilds
Bangkokmax feeders will be built by three yards in Asia, with Imabari winning lion's share of construction
- Transpacific lines make hay in peak season as tariffs loom
Rising freight rates lead to 'extra loaders' deployed as boxship operators cash in
- First Arc7 unit for Yamal's second train delivers early
- LNG carrier charter rates start to firm ahead of winter
Shipowners are holding out on fixing their tonnage for time-charter business in the hope that richer pickings are still to come
- Developers target JSK's new barge-based FSRU
- Brazilian offshore resurrection in the making
Renewal is in the air, after the global downturn, the Car Wash scandal and a falling domestic economy all combined to bring down the biggest market for vessels
- Owners gnaw at thick Petrobras armour with legal wins on 'blocking'
Foreign shipowners find their legal teeth in Brazil against one of the world's most powerful offshore vessel charterers
- Methanol offers simple path to lower emissions - trade group
The Stena Germanica pioneers use of niche fuel, along with Waterfront's vessels
- Uljanik proves size does not always matter
- Shipping is innovative but testing takes time - CMT
- NGO Shipbreaking unconcerned by EC's Shree Ram inspection
- Skuld and Eide probed over 'illegal' demo deal
Oslo-based insurer and former owner face Norwegian investigation over the scrapping of a heavylift vessel in Pakistan
- Material advantage: seeking alternatives to reliance on steel
RAMSSES project turns spotlight on using composites to increase competitiveness of European-built ships
- Growing portfolio of solutions to tackle emissions but no 'natural winner' so far
Lloyd's Register's marine boss says a 'natural replacement' for residual fuels will shape the vessels of the future
- Autonomy creates big challenges for maritime conventions
The IMO must rewrite its rules if owners are to adopt a new generation of vessels
- Magic bullet is needed to meet IMO's CO2 target
MSI boss says 'easy wins' have already been taken off the table
- Fehn provides shortsea testbed for rotors
Wind-assisted sail system working as planned and promising substantial fuel savings
- Japanese yards and operators join forces in i-shipping project
Digitalisation campaign is encouraging collaboration to create the shipping and shipbuilding industry of the future
- Japan's Otsubo: Fully manned vessels not cost-effective
- Winds of change bring prospects of big fuel savings
Decades-old technology sees Flettner ships take off and Norsepower says it could one day be a 'no-brainer' on certain vessel types
- Combining technologies will help shipping power forward - Wartsila
Company's innovation specialist says LNG as a fuel will play a key role but he calls for a holistic approach to the develop of all ship design technologies
- VHE project shows value of waste heat
Engine range planned to tap into exhaust gas or cooling circuit heat streams to boost efficiency
- Transformation in shipping sparked by IMO's vision of fossil-free future
Technology revolution is underway as the industry faces the challenge of replacing fuel oil with renewable energy, writes Geoff Garfield in London
- Zero-carbon fuels only path to meet IMO ambitions - ICS' Bennett
Shipowners body says technology will deliver but challenge is scaling up for deepsea tonnage
- Full autonomy not suitable for all vessel types
But some of the technology can still be applied, including intelligent awareness
- Battery technology packs more of a punch
Seacor claims hybrid power solution will cut emissions and 'facilitate our compliance with environmental regulations'
- Nanjing Tanker looks to China yards for MR product tanker sextet
State-owned shipowner weighs up Tier-III compliant newbuilds to renew fleet
- Martins scoops Fonasba's ship agent award
- China Navigation flips modern bulker in asset-play transaction
- Shelton Navigation makes first expansion in three years
- Manta resumes fleet expansion by buying bulker from Dabinovic
- Greeks renew dry bulk fleets with rare handy buys
Order Shipping and British Bulkers make purchases as compatriots remain cautious over the sector
- Ackermann's eyes still fixed on building 'LPG powerhouse'
BW LPG chief voices continued appetite for merger with Dorian LPG.
- Sovcomflot excludes secondhand buys from tanker fleet renewal
Chief financial officer says buying trading ships is like purchasing a used car.
- NYK and Mitsubishi form terminals JV
Japanese companies consolidating domestic operating companies.
- Boxships to boost MPC Capital in second half
German group hopeful of shipping upturn after weaker first half.
- Topaz slashes loss as revenue rises
OSV player says growth was supported by increasing exploration and production in second quarter.
- GulfMark will talk to Harvey Gulf over merger
But US OSV player still says Tidewater offer is in shareholders' best interest.
- BW LPG claims world first in LPG fuelling of VLGCs
Martin Ackermann says retrofitting move places company as a global pioneer.
- Brunvoll to power cable-layer at Ulstein Verft
Norwegian supplier wins deal for new Nexans ship.
- ICG hit by ferry woes in first half
Technical problems and a late delivery hurt Irish owner.
- Grindrod Shipping adds five ultramax resales
Nasdaq bulker and tanker newcomer starts with a loss but expands fleet with newbuildings.
- Lomar boxship briefly held over collision
- Nord/LB starts talks with new investors as losses fall
German shipping lender working on new capitalisation plan that could see outsiders brought in.
- Odfjell jumps on bond bandwagon
Tanker owner becomes latest company to hit the road to raise money in Oslo.
- Awilco LNG reduces red ink as rates jump
Norwegian LNGC owner sees revenue rise in second quarter as rates soar 50%.
- MOL brings in AI professor as consultant
Japanese group will work with machine learning pioneer Tomoharu Nagao on digitalisation.
- Seno Kisen orders kamsarmax
Japanese owner adds new bulker contract at Namura Shipbuilding.
- Icon Offshore ties up two OSVs for up to four years
Malaysian offshore vessel operator also reports narrowing of second quarter net loss.
- ASL trims red ink, but still ends year with big loss
Singapore-listed company battles weak offshore markets, but infrastructure work offers hope.
- Alang recycler Priya Blue 'hopeful' of EU approval
Indian cash buyer and shipbreaker has made a "huge financial investment" to meet European Commission's recycling standards.
- Indian scrapping hurt by falling rupee, cheap steel imports
Ship recycling business has dipped by a third, forcing yard closures.
|AUGUST 30, 2018|
- Executive Moves: SEKO, Foreship
Mike Powell has returned to SEKO Logistics, this time as chief technology officer. And F oreship has promoted Viktor Gingsjo to the newly created position of head of project management services.
- Trump expands Section 232 exclusion process
President Donald Trump on Wednesday signed a proclamation allowing the Commerce Department to provide targeted relief from Section 232 import quotas on steel and aluminum, Commerce noted in a press release Wednesday night.
- Private equity bets on Brazilian trucking
Brazilian trucking technology startup CargoX recently closed a new funding round worth $60 million, according to a report from online news outlet Axios.
- Kerry Logistics ramps up profit
Kerry Logistics Network Ltd. saw double digit profit and revenue growth for the first six months of 2018 from the corresponding prior-year period, fueled by strong Asia trade and increasing volume in the region.
- COSCO: Slim profit for first half
COSCO Shipping Holdings said Thursday that it had eked out a profit attributable to equity holders of the company of 40.8 million Chinese yuan renminbi (RMB) or approximately $6 million in the first six months of this year compared with a profit of 1.86 billion RMB in the same period last year.
- More carriers embracing scrubbers, LNG
More shipping companies are ordering scrubbers or equipping their ships so that they can use liquefied natural gas as fuel in order to meet the requirements by the International Maritime Organization to reduce sulfur in ship engine emissions.
- EAR adjusted after missile control meetings
The Bureau of Industry and Security on Thursday amended the Export Administration Regulations in line with changes to the multilateral Missile Technology Control Regime Annex agreed to by MTCR member countries at the October 2017 Plenary in Dublin, Ireland, and the May 2017 Technical Experts Meeting in Stockholm, Sweden, BIS said in a final rule.
- 'Volatile' trade talks drag on air freight
Growth in global air freight volumes slowed for the third straight month in July as international trade tensions continued to dampen demand.
- ITC: Canadian newsprint imports not harmful
The U.S. International Trade Commission's five commissioners voted unanimously Wednesday that the U.S. newsprint manufacturing industry is not harmed by imports from Canada, ending the imposition of antidumping and
|AUGUST 30, 2018|
- FUTURES 5: Crude complex settles higher on strong US gasoline demand
Crude futures settled higher Thursday in response to data showing strong US gasoline demand ahead of the upcoming Labor Day holiday weekend
- Rotor sails installed on Maersk LR2 product tanker to test fuel savings
Rotor sails, which are used to provide additional propulsion to vessels, have been installed on the Maersk Pelican, an LR2 product tanker
- BW LPG to retrofit dual-fuel LPG/fuel oil engines to four VLGCs
The company will be able to reduce its sulfur oxide emissions by up to 97% with LPG propulsion.
- Norway's Hoglund starts new LNG, power units for IMO 2020 change
Hoglund Gas Solutions and Hoglund Power Solutions have been formed ahead of IMO 2020.
- External: Marine Bunkering(Rotterdam)B.V.
- Iran threatens to withdraw from nuclear deal
Analysts expect the US sanctions will eventually shut in 1 million b/d or more of Iranian exports, with customers already cutting back purchases.
- FUTURES: Oil holds up on support from US stock draw, Iran sanctions
Europe is a key outlet for Iran's oil, taking around 700,000 b/d, roughly a third of Iran's total crude exports.
- Sinochem to import gasoil for domestic sale in rare move: source
China usually faces an oversupply in the domestic market.