|MARCH 4, 2019|
- CMA CGM 2018 profit down, but sales rise 11.2pc to US$23.4 billion
- Weaker box lines risk bankruptcy because of IMO 2020: study
- Samudera profit falls 22pc to US$8.3 million as sales rise 9.8pc
- Kerry Logistics draws 8 cyber teams to compete in its first 'Hackathon'
- US retailers need to tackle truck driver, equipment shortages
- Ports in Latvia and Hamburg work together to boost business
- Crashed Amazon-Atlas 767 voice recorder recovered from Texas bay
- US bans cargo shipments of lithium ion batteries with passengers
- IAG Cargo 2018 revenues increase 7.2pc to US$1.13 billion
- Asia Pacific airlines suffer decline in January cargo demand
|MARCH 4, 2019|
- Molinari to make it move
- Will Brexit close Scotland down?
- 70,000th tractor rolls off the production line
- Green trucks for Simon Loos and Peter Appel Transport
- Damen's LNG/MGO hybrid ready for work
- Third location in Turkey
- DHL Express opens new hub in Madrid
- Noerpel reinforces personnel services division
- Equipment for port of Posorja in Ecuador
- Success for Eurotunnel's legal action
- Pact between Gefco and System Alliance
- "Curiosity of the Day"
- New rail service between Belarus and Romania
- Iata appoints new regional VP North Asia
- Rituals selects Arvato for US e-commerce fulfilment
- Finnlines sails in green waters - and earns
- Egyptair Cargo ever more often to Cologne/Bonn
- AF KLM Martinair Cargo posts 2018 results
|MARCH 1, 2019|
- Tumbling Asia-to-US rates could hamper carriers in contract renewal talks
- KLM and Dutch government hit back at Kalitta's claims of 'wrongful' loss of airport slots
- 'Outdated' US intermodal infrastructure is letting us down, claim farmers and exporters
- IMO 2020 low-sulphur fuel cap 'could cost shipping industry $3bn' next year
- Environmental campaigners in legal threat to planned deepwater port at Posorja
- Photo blog: Air Cargo Africa 2019
- Bita Standards Council appoints Dale Chrystie as its first chair
- Joerg Sommer is new chief executive of DHL subsidiary Street Scooter
- Government pays Eurotunnel £33m over Brexit ferry case
- Supply chain radar: Is arch-hunter XPO Logistics now Amazon's prey?
- Supply chain radar: Hapag-Lloyd's financials - till death do us part
- Supply chain radar: Distressed takeover targets - is anybody interested in Neovia Logistics?
|MARCH 1, 2019|
- IMO 2020 could cost box ship operators $10 billion this year
While 2018 was a turbulent year for the container shipping industry, it might have been "only a warm up for 2019" in the view of New York headquartered management consultancy AlixPartners LLP.
- HFO spill from grounded bulker threatens World Heritage site
Pollution from the Solomon Trader, a 1994 built bulk carrier that ran aground in the Solomon Islands on February 5 is now threatening Kangava Bay, Rennell island, home to a UNESCO World
- Incat Crowther designs 1,000 passenger RoPax for China/Taiwan route
Incat Crowther is designing a 1,000 passenger high speed RoPax ferry for operation between mainland China and Taiwan. When in operation, the 113 m x 30.5 m catamaran will be the largest
|MARCH 1, 2019|
- CMA CGM posts record revenue
French carrier plans $1.2bn cost reduction programme after year of rapid expansion
- A third of scrubber orders will miss IMO cap deadline
Up to 1,000 units will not be fitted on vessels until next year, says an industry expert, with lead times for...
- Philippines' first LNG import project ropes in a third partner
The LNG hub, touted as the first import terminal in the Philippines, is targeted to enter commercial operations by 2023
- Keppel O&M may rue playing the friend in need
Some of the forms these investments have taken include co-investing in projects and sale-and-leaseback deals
- Three bidders shortlisted in Long Beach Container Terminal sale
Exclusive: Seaspan, Macquarie Infrastructure and EQT Infrastructure are on the shortlist to acquire LBCT from Orient Overseas (International) Ltd, but...
- DVB focuses on shipping book after aviation portfolio sale
Bank now deciding what to do with €7bn of performing shipping loans, and a further '4bn in non-performing shipping loans...
- Okeanis Eco Tankers upgraded to Oslo Axess
Crude and product tanker owner posts a $605,000 loss for the fourth quarter
- Greek shipowners welcome 'safety net' in fuel availability reports
UGS president Theodore Veniamis said criticism of the IMO committee recommendation was 'ignorant' of operational realities
- Frontline optimistic despite volatility
The market improved in the fourth quarter before pulling back due to Opec cuts, accelerated fleet growth and seasonal factors...
- Yangzijiang posts firm growth
As of end-2018, Yangzijiang sat on an orderbook backlog worth $3.9bn, which it says can provide a healthy workload and...
- World boxship fleet update: Slow growth on orders
Elevated level of deliveries in the first half of the year is expected to tail off later in 2019, with...
- Bumi Armada appoints Christenson as chief executive
Christenson replaces current chief executive officer Leon Harland, who in turn was a replacement for longstanding previous chief executive Hassan...
- Qinhuangdao Port invests in coal terminal expansion
The next phases of the coal terminal project at Caofeidian Port will see the construction of two 50m-tonne specialized coal...
- West of England gains on renewal despite premium increase
American Club, Gard, London Club, North, Skuld and UK Club have all previously declared higher levels of tonnage at cut-off...
- Pacific Radiance loss narrows on improved OSV business
Decrease in impairment charges contributes to 80% fall in other operating expenses in the fourth quarter
- UK faces Eurotunnel payout over 'secretive' Brexit ferry deals
UK government says Eurotunnel has withdrawn its legal claim and will provide freight capacity for transit of medical supplies in...
- Yinson lands FPSO contracts in Nigeria
The contracts awarded by First Exploration & Petroleum Development Co incorporates a bareboat charter on an FPSO valued at $617.09 m...
- Shipowners holding off on switch to low-sulphur
Some shipowners simply do not have the cash to make the low-sulphur switch straight away and are forecast to make moves...
- The Lloyd's List Podcast: Our outlook from Europe
Listen to the latest edition of Lloyd's List's weekly podcast - your weekly briefing on the stories shaping shipping in...
- Skuld axes Lloyd's syndicate 1897
Syndicate 1897, which writes marine, energy, cargo and liability insurance, was launched in 2011, in an effort to expand the...
- DryShips returns to profit on better tanker rates
Slip in dry bulk revenues reflects disposal of older panamaxes, but tankers earn $21.5m compared with $9.8m a year earlier
- Much to consider as containers community gathers in Long Beach
Questions will be raised about the future supply-and-demand equation that has underpinned the strategy behind US President Donald Trump's trade...
- Daily Briefing
Capesizes continue to suffer earnings erosion | LNG carriers remain bullish | Fuels and finances to dominate carrier concerns |...
- The Interview: Dick Welsh, Isle of Man Ship Registry
Dick Welsh, the outgoing head of the Isle of Man Ship Registry, talks flag state responsibility in life and death...
|MARCH 1, 2019|
- US regulators up scrutiny of transport workers
- Blank sailings can't stop trans-Pacific spot rate drop
- India's reworked port tariff rule fails to ease investor worries
- Freelance Santos stevedores strike over looming job losses
- NY-NJ port shows resilience with cargo surge
- Forwarders rally response to congested US air hubs
- Collaboration urged to ease O'Hare cargo delays
|MARCH 1, 2019|
- Tidewater wants to keep up ship sales, disposals
The world's largest OSV owner is looking to get smaller. On the Houston-based company's fourth quarter conference call Friday, Tidewater chief executive John Rynd said the company was looking to get rid of 40 older ships that are simply too pricey to reactivate as the offshore market continues to lag. Clarksons Platou: demand growing for OSVs "We remain heavily focused on disposing of these old
- Smaller bulk fleet hits Cosco Shipping International
Cosco Shipping International has posted lower profit after offloading its shipyard operations. Net earnings were SGD 13.22m ($9.76m) in 2018, down from SGD 65.38m in the same period of 2017. The previous year's figure benefited from an SGD 92.44m boost after it sold the yard business, however. Revenue in 2018 was up at SGD 163.67m against SGD 37.18m as it acquired logistics operations. This
- Utkarsh inks debut bulker order in India
Indian newcomer Utkarsh Advisory Services has ordered its first ships. Domestic builder Cochin Shipyard said the Mumbai company has contracted four 8,000-dwt mini-bulkers. The vessels will be built at the Kochi plant and delivered by December 2020. No price was revealed for the vessels. Utkarsh is a privately owned company founded in 2014. Last year Cochin signed up to build 10 ro-ro and ro-p
- JMU seals new LNG bunker tanker deal
Japan Marine United (JMU) has announced a new order for a domestic LNG bunker tanker. The 2,500-cbm, 5,000-dwt unit has been contracted by Ecobunker Shipping of Yokohama for delivery in 2021. MOL seals Pavilion Energy LNG bunker vessel contract The owner has been formed by Sumitomo Corporation, Uyeno Transtech and Yokohama-Kawasaki International Port Corporation to supply fuel in the Tokyo Bay
- Bungled Brexit ferry contracts cost UK $44m
The UK government is to pay Eurotunnel £33m ($44m) to settle a legal case arising from ferry contracts awarded to rivals in the case of a no-deal Brexit. Seaborne Freight, DFDS and Brittany Ferries were handed deals worth more than '100m last year. Eurotunnel sues UK over Brexit ferry deals But Eurotunnel said the contracts were awarded in a secretive way and sued the government. As part of a
- Three Norwegian owners win PSV frame deal with Aker BP
Three Norwegian OSV players have clinched new frame agreements with Aker BP - with closer relationships possible in the future. The deals cover platform supply vessel (PSV) services off Norway. Solstad Offshore, Eidesvik Offshore and Simon Mokster said their agreements are for three firm years, with two options of two years each. Vessels will be on call to Aker BP each year, which is expected "
- Fire, other issues hobble US Coast Guard icebreaker
The Polar Star is the agency's only heavy icebreaker and has outlived its useful life
- NYK orders Oshima bulker backed by Mitsubishi charter
Japanese giant NYK has ordered a new bulker at Oshima Shipbuilding backed by a long-term charter to Mitsubishi Paper Mills. The 59,900-dwt vessel will carry wood-chip, the owner said. NYK: no decision yet on new $540m cruiseship It will be able to load 4.3m cbf and will be of the latest eco-design. This will allow the ship to "perform well in all types of weather while ensuring low water resis
- Borealis Finance posts earnings dip
Oslo-listed investment vehicle Borealis Finance has reported lower earnings in the fourth quarter. It said EBITDA was $8.9m, down from an adjusted figure of $10.5m in the third quarter of 2018. Total recurring EBITDA was $9.4m, it added, of which $7.9m came from boxships and $1.8m from bulkers. Revenue was down at $24.3m from $25.1m over the same period. Borealis links with KKR and Oak Hill to
- Glencore launches $2bn buyback
Trading and chartering giant Glencore has announced a huge $2bn share buyback. The company said the programme will run until the end of 2019. Glasenberg's Glencore places cap on coal production "We will proactively look to top this up (in August, or otherwise) as market conditions support, including automatically from a targeted $1bn of non-core asset disposals in 2019," it added. Glencore rev
- New Equinor kit halves anchor-handler days
Anchor-handler owners (AHTS) are facing a new headache after Norwegian major Equinor unveiled its new rig anchor release (RAR) system. The kit allows a rig to disconnect from the mooring line spread at the push of a button, broker Westshore said. Seabrokers: feast or famine for OSV owners The rig can then move to the next location under its own propulsion and connect to a new pre-laid spread us
- Maersk Tankers opts for scrubbers on LR2 tankers
Denmark's Maersk Tankers has made its move on scrubbers ahead of the IMO 2020 low-sulphur fuel deadline. It said on Friday it had decided to invest in four exhaust gas cleaning systems for selected LR2 vessels. Maersk Tankers sells veteran as newbuildings deliver They will be fitted on one existing tanker and three newbuildings. It has 10 LR2s on order at Dalian Shipbuilding in China, plus 14
- Alarm sounded over continuing leaks from grounded bulker
Australia warns that environmental disaster in unfolding in the Solomon Islands.
- Qatar offers incentives to big box lines
A Qatar terminals company is to offer incentives to big boxship lines calling directly at Hamad Port. But the measures will only come into force if no transhipments are made at other ports within 250 nautical miles. Other Gulf states like Saudi Arabia and the UAE have been operating a shipping embargo against Qatar. The official Qatar News Agency said that QTerminals will reveal the details of
- Havyard misses target as it turns red
Norwegian shipbuilder Havyard has fallen short of its target of posting an operating profit in the fourth quarter. The net loss was NOK 33.62m ($3.92m) from NOK 5.1m in 2017, while EBIT was lower than expected, coming in at a loss of NOK 35.3m, down 4.3%. The Saevik-backed company said revenue was NOK 821.59m, up from NOK 354.58m the year before. It blamed the loss on weaker results in several
- Okeanis Eco Tankers shows confidence with 2019 VLCC supply growth sums
Okeanis Eco Tankers presented a positive picture for VLCC supply as it reported a small loss for the fourth quarter. Okeanis Eco Tankers seeks upgrade to Oslo Axess Ocean Yield and Okeanis Eco Tankers strike suezmax sale and leaseback deal Okeanis is set to take delivery of eight VLCCs in the next few months and was the first public tanker company to target IMO 2020 with scrubbers to be fitted
- Container shipping facing $10bn hit
Surcharge of 40% would be necessary to offset pending sulphur regulation, AlixPartners says.
- Giuseppe Bono's job safe at Fincantieri
Giuseppe Bono looks set to remain as CEO of Italian yard group Fincantieri after his current term of office expires. Bloomberg reported that Italy's government is leaning toward renewing his mandate at the state-controlled firm. This was seen as another sign of growing influence for the business-friendly League party over its anti-establishment coalition partner, the Five Star Movement. And dep
- Stena Sonangol sees IMO 2020 gain for suezmaxes
The Stena Sonangol Suezmax Pool has said IMO 2020 could provide a further boost for its suezmaxes after it enjoyed a strong finish to 2018. Stena Sonangol pushes up pool earnings "Opportunities exist from IMO 2020 disruption," the Swedish/Angolan joint venture said, with fleet capacity being reduced and expanding US exports providing supportive factors. "Preparation for IMO 2020 will reduce ton
- Yard details emerge for Avenir LNG order
Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE) has emerged as the shipyard that will build up to six LNG bunker vessels for start-up Avenir LNG. The small-scale LNG company, formed by Stolt-Nielsen, Golar LNG and Hoegh LNG, confirmed to TradeWinds that an order inked last year was placed at the Chinese yard. Avenir has two firm 20,000-cbm units on order, plus two sets of two optional
- Spliethoff seals EUR 110m loan for scrubbers and BWMS
Funds from ING and EIB part of Green Shipping partnership signed in 2018.
- Bumi Armada names new chief executive as Harland exits
Malaysian FPSO specialist quick to name new appointment as Dutch national returns to homeland.
|MARCH 1, 2019|
- Grassley, Wyden: USMCA bill should honor current de minimis
The leaders of the Senate Finance Committee this week in a letter urged U.S. Trade Representative Robert Lighthizer to maintain the current $800 de minimis level in forthcoming USMCA implementing legislation, after a USMCA footnote stoked concern.
- Final phase of demurrage investigation under way
FMC kicks off industry innovation teams in an effort to develop "transparent and standardized language for detention and demurrage practices."
- Trade advisory group may be 'incubator for new ideas'
CBP Commissioner McAleenan said the advisory committee's Northern Triangle Working Group will tackle trade barriers in Honduras, Guatemala and El Salvador.
- Where you got that suit becomes sourcing question
Retailers discuss their strategies for mitigating the impact of tariffs at RILA LINK2019.
- CMA CGM volume, revenue increase in 2018
French carrier says CEVA acquisition will create $30 billion company offering door-to-door logistics.
- C.H. Robinson purchases The Space Cargo Group
- Volkswagen to import vehicles through Baltimore
- Incentives introduced for calling at Qatar's Hamad Port
- APMT opens terminal in Costa Rica
- Panama Canal reduces draught for neo-Panamax locks
- FedEx's Chrystie first chair of BiTA Standards Council
|MARCH 1, 2019|
- ICE March Singapore HSFO open interest up 24.5% in Feb to 12.26 mil mt
Open interest for front-month March high sulfur fuel oil contracts on the Intercontinental Exchange rose 24.5% to 12.26 million mt as of February 28, ICE data showed Friday.
- Fewer jet cargoes head around Cape than expected as contango narrows
Fewer March shipping fixtures carrying jet fuel have gone around the Cape of Good Hope than originally expected, according to data from S&P Global Platts trade flow software cFlow, on the back of a strengthening of the outright jet CIF NWE flat price spread.
- Permit schedules delayed for LNG export terminals proposed for Oregon, Alaska
The 35-day partial US government shutdown that ended in January has caused the Federal Energy Regulatory Commission to push its expected final permit decision for Pembina Pipeline Jordan Cove LNG export project in Oregon into 2020.
- Dutch Trefoil expands bunker operations to Hamburg
Netherlands-based bunker supplier Trefoil will begin supplying bunker fuel in Hamburg, Germany, from March 15, the company said Friday.
- Novorossiisk bunkering operations suspended on bad weather: sources
Bunkering operations in the Black Sea port of Novorossiisk were halted Friday as a result of bad weather, sources at the port said.
- MARINE FUEL 0.5%: Interest, trading picks up as market develops
A month after S&P Global Platts launched a suite of new assessments for marine fuel with a maximum sulfur limit of 0.5% globally, there has been a gradual pickup in trade both in the physical and derivatives markets.
- IMO 2020 sulfur cap pushes up sale, prices of secondhand tankers: sources
Shipowners are finding it lucrative to buy clean tankers such as LR2s, which is a preferred mode of transport for MGO, sources said.
- External: Global Risk Management
- Singapore Mar ex-wharf 500 CST bunker term offered at premiums of $2-$3/mt
"Shipowners are not looking much into buying RMK [500 CST bunkers] this month as the spread is too narrow," a bunker buyer said.
- Singapore middle distillate stocks edge up 0.3% on week - Enterprise Singapore
Australia reclaimed its position as the top gasoil export destination for Singapore.