|DECEMBER 3, 2019|
- Evergreen orders four new 23,000-TEU ships from Shanghai yards
- Cheaper bunker makes scrubbers king and leaves blends, LNG behind
- Container contract rate decline appears to have ended: Xeneta data
- 24-year-old second mate disappears from S'pore 3,800-TEUer at sea
- Boston Harbour gets US$20 million US grant to upgrade box shop
- Duisburg Coal Island switches to China box rail and barge traffic
- Trade war, Panama/Suez upgrades help USEC, but hurt USWC ports
- Qatar hosts summit to promote logistics and supply chain sectors
- CMA CGM-Ikea Asia-Europe bio-fuel trial voyage deemed successful
- Coreana's edge: Flexibility, best mainland links - plus global reach
- Cathay Pacific: Good peak season for Asia Pacific - not so, says FIS
- Asia Pacific airlines suffer 5.9pc decline in cargo demand in October
- SAS Cargo and Freightos join in forging e-booking and dynamic rates
|DECEMBER 2, 2019|
- APM Terminals receives Costa Rica'slargest ever containership
- Cargo Consolidators India expands its footprint in the country
- DP World's bonds list atNasdaq Dubai; to fundgrowth opportunities
- Govt focused on boosting Indian tonnage, says Minister
- India in new IMO Member Council
- Maersk inks 4PL contract
- Michelin renews long-standing contract with CEVA Logistics in Spain
- NYK granted Japan's first sustainability-linked loan
- Port of Antwerp in collaboration agreement with Nigerian Ports Authority
- Why BL issue date is a big deal?
- Arecanut import falls significantly in H1
- MMTC to import 11,000 t of onions from Turkey
- Cochin Port Trust to resume RoRo service
- CSL signs agreement to start operations at Marine Dockyard in Port Blair
- Govt providing assistance to Major & non-major ports for combating oil spills
- '2019 has been witness to an unprecedented shift in the logistics industry as digitisation gained momentum'
- Economic slowdown in the country temporary, says Minister
- GST revenue third-largest in Nov.
- MSMEs contribute nearly half of India's exports
- PMFAI organises 14th International Crop Science Conference & Exhibition 2019 in Gurugram
|DECEMBER 3, 2019|
- Small port, great strengths
- Russia: Delo Group buys majority share in TransContainer
- VIIA focuses on climate-neutral services
- Japanese and Germans look back on five years of JV
- LIS opens subsidiary in Spain
- New heads for airports association ADV
- BG Freight Line links Dunkirk, Dublin and Cork
- Kick-off for the Rail Baltica construction in Estonia
- New era for Pall-Ex Group
- High credit-rating for Gebrüder Weiss
- Ten Nordic ports want to go greener
- SAS Cargo expands digital customer offerings
- Fleet modernisation with 150 sulphuric acid tank cars
- "Curiosity of the Day"
- Euziel inaugurates logistics hub
- Turkish Cargo wins two awards
- Facility at inland port Groveport concludes first phase
- Two new northern routes by the end of the year
|DECEMBER 2, 2019|
- DBAY buys more shares as it closes in on takeover of Eddie Stobart Logistics
- US cargo airlines face another legal push for tighter pilot work and rest rules
- Growth in global container demand dries up as trade war heats up
- Carriers must train their crews for IMO 2020 or risk criminality, warns seafarer union
- New freighter flights on the runway for Qatar Airways Cargo despite civil unrest
- Albertine Hanin is new executive VP of legal and insurance at Geodis
- AirBridgeCargo looks to restructure with high-yield cargo
- M&A radar: Deal talk swirls around DP World
- Analysis: CMA CGM's saving of Ceva is not by magic, there will be pain
|DECEMBER 2, 2019|
- Bakke out as Havyard Group CEO
Norway's financially troubled Havyard Group says that its Board and CEO Geir Johan Bakke have agreed to "terminate their employment relationship with immediate effect." Bakke has said he is willing to be
- Ship operating costs rise on higher R&M and insurance spending
Underlying vessel operating cost inflation accelerated moderately in 2019 as a result of higher spending on repair & maintenance and insurance. Costs are expected to continue rising at a similar pace in
- NTSB: Poor maintenance led to towboat capsize
The National Transportation Safety Board (NTSB) has issued the report of its investigation of the October 9, 2018 capsizing of a 39 year old towboat at mile 142 on the Lower Mississippi
|DECEMBER 2, 2019|
- Scrubber payback forecast within a year as fuel oil spreads stay wide
An investment fund has analysed exhaust gas scrubber payback times based on fuel oil spreads of $100, $200 and $300...
- Trade compliance speeds up on PSA-backed platform
A PSA-backed venture has showcased a trade platform that claims to have slashed to just one day the compliance processes...
- CMA CGM joins UN Global Compact
As the UN meets to discuss climate change in Madrid, CMA CGM pitches its green credentials
- West of England P&I raises rates 2.5%
Club warns its members that premium levels have been eroded to a point where they are no longer sustainable and...
- Imabari to tie up with JMU amid shipbuilding megamergers
Some local industry observers have interpreted the capital tie-up as 'a bailout of the JMU' by Imabari
- Drop in grains exports from the Black Sea bearish for bulkers
Grains export activity from Russia and Ukraine should pick up again in early spring
- Nam Cheong enters chartering and offshore engineering segments
While the shipbuilding market continues to foresee weakness, group chief executive Leong Seng Keat is much more upbeat about the...
- Biofuels approaching commercial use
Trials of biofuels have proved their viability as an alternative to fuel oil but scaling up remains a challenge
- Singapore regulator baulks at HHI DSME merger
Competition regulators are concerned as to whether alternative suppliers will be sufficiently strong to compete as competitors to the proposed...
- Industry welcomes India's accession to Hong Kong Convention
India, one of the top volume ship recycling countries in the world, has become the 15th contracting state to the...
- Inmarsat Fleet Data gains greater acceptance with ABB tie-up
The platform bridges the gap between shipowners and the community of applications providers that neither have core competencies nor much...
- It's time to ignore the ideologues and begin dredging in San Francisco Bay
The dredging project is opposed by environmentalists, who see it as promoting the fossil fuel industry just when certain quarters...
- China says shipbuilding mega merger faces fewer antitrust hurdles
CSSC's international department director Li Yanqing says the shipbuilding market will bottom out soon. The state-owned giant is poised to unveil...
- Countries considering Mediterranean SECA plan
Mediterranean governments will discuss a road map for a 0.1% sulphur Emission Control Area. Ships would not have to comply...
- Daily Briefing
Free to read: Price spikes and delivery delays seen in Singapore ahead of IMO 2020 | South African operator rejects...
- From pirates to politicians and from hackers to seafarers: A decade of maritime's most influential players
The 10th instalment of Lloyd's List's Top 100 most influential people in maritime will be published on December 13
- Top 10 box port operators
As part of our annual Lloyd's List Top 100 most influential people in shipping, being published on December 13, we...
|DECEMBER 2, 2019|
- Trucking rolls faster toward US holiday peak
- Tech startup uses new funding on shipper automation, connectivity
- LA-LB port truck appointments easier, but hardly uniform
- EU sets port cyber attack protection plan
- IMO 2020 impacts will linger far beyond next year
|DECEMBER 2, 2019|
- Danaos underwriters get in on $54m share offer
Underwriters for Danaos Corp have put some money toward a $54m share offering, bringing the shipowner's total proceeds to $56.5m. The Dr John Coustas-led boxship player's backers partially exercised their option to buy 418,080 more shares through the offer, which closed 26 November. Danaos sold a total of 9.42 million shares to raise money for capital expenditures, including vessel acquisitions,
- Japan looking to send aircraft to Middle East Gulf
Japan could send its own forces to the Strait of Hormuz by year-end. The country could send a patrol aircraft stationed nearby and a helicopter carrier to the waterway for surveillance purposes, according to a report in The Mainichi. But the forces will not work alongside the seven-member International Maritime Security Construct (IMSC), a US-led coalition launched in the summer to ensure the sa
- Diana Shipping to keep rebuying 'under price' shares
Greek owner may bring back dividend if stock value surpasses net asset value, chief strategy officer Ioannis Zafirakis says
- Diana Shipping profit shrinks along with fleet
Diana Shipping has reported lower profit for the third quarter on the back of a downsized fleet and lower freight revenue. Diana Shipping offers to repurchase $10m in shares The New York-listed bulker owner posted a modest $1.3m profit for the three-month period, down from $14.8m last year. Net income attributed to common stockholders was $300,000 for the quarter this year, compared to $13.3m
- Filipino president wants to blow pirates 'to kingdom come'
Duterte said he wanted to work with Indonesia and Malaysia to fight piracy in the region
- Norwegian seeks to extend $565m in debt through private offer
Norwegian Cruise Line Holdings is aiming to raise over half a billion dollars in fresh capital to replace maturing bonds. Subsidiary NCL Corp is proposing to sell $565m in senior notes due 2024 through a private offering to pay off that amount in senior bonds due next year. The New York-listed cruise major also plans to put some cash on hand toward the maturing debt. NCL said the notes are bein
- Container lines' love-freight relationship with forwarding
Box carriers are chasing more of the door-to-door business they get from forwarders and logistics companies. It failed before, so what has changed?
- November 'disappoints' for scrap sales but India back in business
Demolition broker Ed McIlvaney says sub-continental buyers "in more serious mode" in final week of month
- Global Ship Lease issues $4m more in notes to underwriters
Global Ship Lease (GSL) underwriters have exercised the full option on some unsecured notes, bringing the total offer to $29.7m after paying underwriting discounts, commissions and offering expenses. The Ian Webber-led company announced Monday that it has issued an additional $4.13m in 8% notes due 2024, related to a 27 November offer. The New York-listed GSL plans to use the offering's net proc
- Scrubber delays: failure to prepare is preparing for failure
Shipowners must plan ahead - a four-month lead time - when retrofitting scrubbers, sector executives say
- Car carriers heading to trial in $214m Daimler price-fixing case
MOL and K Line units settle with German car maker, but others fight on in the UK courts
- Besiktas opens Athens branch in first foray abroad
Besiktas Shipyard inaugurated a new office in Athens. The site is the group's first branch outside its Turkish home base, highlighting the weighty role Greek shipowners have come to play in its business of ship repairs and environmental equipment installations. Companies from Greece represent more than a fifth of Besiktas group's total business book, chief executive Yavuz Kalkavan told TradeWin
- Samsung clinches $158m deal for ice-class tanker duo
South Korean yard says European shipowner orders high-spec aframaxes
- Havyard fires chief executive as group bleeds money
Havyard Group has terminated Geir Johan Bakke's employment as chief executive "with immediate effect", following huge losses sustained by its shipbuilding activities. Havyard unit's equity lost as covenant breaches revealed Bakke has worked for the Oslo-listed group for 18 years and has been chief executive since 2004. Gunnar Larsen, Havyard's senior vice-president of market & business developm
- Stena goes to arbitration in $426m Samsung Heavy dispute
South Korean yard resisting Swedish group's claim after drilling unit was cancelled in 2017
- Liberia loses its place on the IMO Council
But Japan wins most votes for its environmental efforts
- 20 questions with John Michael Radziwill: 'Dude, how come we're not a lot richer by now?'
The CTM chief executive's philosophy is Pain + Reflection = Progress. That, and a Double Whopper for breakfast
- Onassis: Turning all that drama into a drama
The legendary shipowner still strikes a chord with average Greeks, as a new play in Athens shows
- Ullman: no decision yet on Concordia's Oslo listing
But tanker company's CEO says switch from Sweden could take place in 2020
- Flatlining growth puts squeeze on big boxship owners in 2020
With falling volumes and rising capacity, the future is looking bleak for freight rates
- Insurer West of England to hike rates by 2.5%
Comparatively modest increase planned by P&I mutual
- Captain dies after getting crew off sinking cargoship
Master of Vietnamese vessel did not have time to escape after making sure colleagues were safe
- Ray Car Carriers ship hit by engine room fire off France
No injuries reported to crew on RCC Passion west of Ouessant Island
- Eimskip offloads veteran reefer trio for $12m
Icelandic line says vessels were contributing to loss in Norway
- HSG to retain workers after winning race for Sungdong
South Korean yard to make hull blocks after successful sale
- New-look Ince Gordon Dadds is on the hunt for alliance in China
Veteran Paul Ho says law firm is gunning for growth after overcoming 'humps and bumps' of departures
- SDTR Marine sticking with low-sulphur fuel for IMO 2020 compliance
SDTR Marine is opting to use low-sulphur fuel oil (LSFO) on its fleet to meet the upcoming IMO 2020 regulations. "In the short-term, we understand there will be a price difference between high-sulphur fuel oil [HSFO] and LSFO," company general manager Gao Dehui said. "But we believe the price difference will not continue for a long time as oil companies will be producing LSFO to meet shipping req
- Fast-growing SDTR Marine keeps its focus on kamsarmaxes
Singapore operator wants to be a top-tier bulker player in the sector
- Wisdom Marine heads to Onomichi for handysize bulker
Taiwanese shipowner returns to Japan for yet more dry bulk newbuilding tonnage
- Wartsila teams with Silverstream on air lubrication tech
Partnership aims to accelerate deployment of microbubble technology across all vessel classes
- Marco Polo records profit, but still ends year in the red
Singapore-listed offshore vessel operator buoyed by better AHTS utilization and more repair work
|DECEMBER 2, 2019|
- Logistics company Tiong Nam reports weaker quarterly results
In a now familiar story, another logistics company - in this case Tiong Nam - reports weaker quarterly results owing to a global trade headwinds....
- CVSA confirms hard enforcement of ELD transition
Automatic onboard recording device users can expect no leniency after Dec. 16.
- Repsol announces net-zero emissions by 2050
The move, intended to align the Spanish energy giant with the Paris Agreement goals, will cut the value of its oil and gas assets by...
- ID Logistics gains US platform in Jagged Peak acquisition
France-based contract logistics provider ID Logistics Group SA gains access to a U.S. e-commerce platform in its acquisition of Jagged Peak.
- US citizen charged with assisting North Korea on blockchain
A U.S. man living in Singapore illegally presented technical information at the Pyongyang Blockchain and Cryptocurrency Conference in April on how North Korea can use...
- FAA calls Lufthansa skirting of operating approvals "blatant"
Lufthansa Airlines is being called out by the FAA for allegedly going behind its back to operate at two U.S. airports without approval. Agencies don't...
- Trucker Tools puts laser focus on efficient freight matching
According to CEO, the biggest problems freight brokers face are visibility and 'one-load wonders.'
- South African Airways teeters on financial precipice
Government wrestles with options to keep state-owned carrier aloft
- Is the U.S. final mile market size $8 billion or $417 billion?
Market Expert David Faulkenberry writes about the increasingly important "final mile" and why estimates of its size vary so widely.
- Freight Futures daily curve: 12/2
10 of 11 Trucking Freight Futures contracts higher on November/December spot roll.
- Union Pacific sues Texas town over 1870s-era jobs promise
Union Pacific (NYSE: UNP) is suing the city of Palestine, Texas, to nullify a 150-year-old contract to keep a certain number of jobs in the...
- From trusted news source to trusted trade compliance tool
Dow Jones Risk & Compliance has 24/7 monitoring and dedicated researchers to track and build detailed profiles of individuals and entities that are subject to...
- Commentary: Venture capital-funded disruptors continue to change the logistics landscape
Ben Thrower writes that venture capital funds continue to flow to digital freight brokerages, but legacy companies continue to fight back.
- Top issues for supply chains for holiday shipping
Plan, then plan some more as the ability of a 3PL to handle the holidays becomes test for handling the rest of the year.
- US tariffs threatened for Brazilian, Argentine steel and aluminum imports
President Trump cited currency manipulation as the reason to reimpose tariffs on imports from the two South American countries.
- Today's Pickup: Amazon reportedly tests inventory staging for merchants
Storage and Replenishment service allows products to be stored near fulfillment centers to allow faster restocking during the holiday rush.
- Preparing for the Drug & Alcohol Clearinghouse: 4 things to do now
Set to go live on Jan. 6, 2020, the drug & alcohol clearinghouse will change the way truck drivers and carriers monitor drug testing.
- Wintry weather disrupting transportation in Northeast U.S.
Snowstorm prompting commercial vehicle restrictions, airport ground delays in major northeastern U.S. cities.
- Retail compliance initiative boots transparency, reduces chargebacks
As peak retail season approaches, the battle for retail compliance only intensifies.
- Drugs War: Europe under siege as crime syndicates piggyback supply chains (With Video)
Maritime, air and overland trade routes into Europe are being piggybacked by criminal gangs deploying the latest digital supply chain technologies to help meet mushrooming...
- Cummins enters its second century amid trucking downturn
Cummins Inc. is winding down its centennial anniversary as the trucking industry it serves also slows. But the company has a history of emerging stronger...
- Relieving physical stress of warehouse workers through ergoskeletons that share loads
French-based 3PL FM Logistic has unveiled the Ergoskel, an ergoskeleton designed to assist warehouse employees to work around parcels without them taking a toll on...
|DECEMBER 2, 2019|
- Asian gasoil market picks up on firmer demand, jet lacks support
A lack of kerosene demand for heating during the peak winter period is widening the jet fuel discount to co-distillate gasoil, as participants eye a possible uptick in gasoil demand in the run up to IMO 2020.
- Start of feedgas flow to Cameron LNG Train 2 bolsters US ramp-up at export facilities
Cameron LNG was flowing feedgas to its second liquefaction train Monday as deliveries to US export terminals remained near a record level with the market in contango and with the peak winter season approaching
- FUTURES 4: Crude settles higher, but gains pared by economic concerns
Crude futures settled higher Monday on the possibility of further production cuts from OPEC and its partners.
- SUBSCRIBER NOTE: Platts amends sulfur limit in Asian, African MGO/MDO assessments to 0.5%
Platts first proposed the changes September 9, 2019: http://plts.co/1u3e30pY6hS
- SUBSCRIBER NOTE: Platts to amend minimum increments in Singapore HSFO, MF0.5% cargo MOC
The change is aimed at bringing greater granularity to the MOC assessment process, used to assess benchmark 380 CST HSFO, 180 CST HSFO and MF 0.5% assessments.
- SUBSCRIBER NOTE: Platts launches Singapore, Rotterdam bunker in LNG equivalent units
Platts first announced the decision in a subscriber note published October 3, 2019: http://plts.co/GXlH30pWQ6r.
- Asia's high sulfur bunker prices slump 19%-52% in Nov to record lows as IMO 2020 nears
"We are not seeing many HSFO inquiries in market now. Demand for LSFO is growing and supply for LSFO is very tight," a trader said.
- FEATURE: Oil sector consolidation, clean fuel drive await India in 2020
New Delhi's is aiming to boost the share of gas in its energy mix from nearly 6% currently to 15% by 2030.
- Bunker fuel quality remains a pressing concern as IMO 2020 nears
Increased blending due to IMO 2020 likely to spur bunker fuel quality issues.