|MARCH 5, 2019|
- Zim invests in Israeli start-up Ladingo's container-sharing platform
- Huawei CFO extradition could harm Canada-China business relationship
- US protectionist measures backfire with deteriorating container imbalance
- WTO says UK can rejoin US$1.7 trillion procurement plan post Brexit
- PAME publishes database for shipping in the Arctic
- NTSB recovers flight data recorder from crashed Amazon-Atlas carrier
- Australia's airlifted fresh produce faces stricter inspections
- LATAM Cargo starts Chicago-Campinas, Brazil pharma service
- Egyptair Cargo starts Cologne Bonn Airport to Johannesburg flights
|MARCH 4, 2019|
- APL's CMS to call at Ningbo instead of Shanghai
- APM Terminals' new Moín reefer hubconnects Costa Rica with Europe & Asia
- Florence Logistics celebrating 10 years of success
- Höegh Autoliners transports record-breaking heavy unit from India
- Maersk introduces Value Protect, an extended liability solution
- Rodolphe Saadé accelerates the transformation of the CMA CGM Group with strategic move in logistics
- Shell joins Europe's first advanced waste-to-chemicals facility in Rotterdam
- Wan Hai Lines announces fixed-day direct service between China & Cochin
- ZIM makes strategic investment in technology enabler
- APM Terminals Pipavav wins Gujarat State CSR Award
- Chipolbrok vessel handles windmill blades & heavy packages at Deendayal Port
- DPT wins award at Bluecon 2019 Conclave
- Hapag-Lloyd marks 50th anniversary of Dangerous Goods department
- Port NOLA to host Journal of Commerce Breakbulk & Project Cargo Conference in New Orleans
- Special Secretary (Logistics) interacts with key officials & stakeholders of JN Port
- V. O. Chidambaranar Port Trust plans to develop two container terminals
- Airfreight giant Skyways Group making waves in the ocean through Forin Container Line
- Conference room inaugurated in Mundra for Customs & trade
- India-Korea Startup Hub launched
|MARCH 5, 2019|
- Forwarder cuts C02 emissions by 95% with LNG trucks
- Change at DFDS's head
- Astre Península Ibérica on an expansion course
- Highly specialised chemical tankers join fleet
- Globe Air Cargo Argentina becomes Azul GSSA
- Shipserver's e-procurement platform on the move
- Bita appoints Dale Chrystie as its first chair
- IDS benefits from private customers
- More dragons and griffins for the locomotive fleet
- Restrictions on radioactive shipments to and from Belgium
- New bulk giant for K Line
- Knut Kokkeling takes charge at Cuxhaven
- New logistics platform for cocoa butter
- New hub and new rail connections
- Highs and lows for RCL in 2018
- UPS links Hong Kong and Cologne with B747-8F
|MARCH 4, 2019|
- Asia-Europe carriers must 'think outside the box' to counter impact of new tonnage
- Air freight in the UK succeeds 'in spite of government policy, not because of it'
- Japanese forwarders the big winners in the air freight stakes last year
- CMA CGM unveils billion-dollar cost-cutting plan as profits tumble
- Analysis: CMA CGM trading update steals the limelight from Maersk & Hapag
- CH Robinson acquires Madrid forwarder Space Cargo Group
- Xpediator appoints Jonathan Wright chief operating officer to drive expansion
- US and China near a deal to end most US tariffs
- APM Terminals invests in 31% boost to reefer fleet in Barcelona
- Supply chain radar: Is DSV + Panalpina happening or not? You are on the losing side either way
|MARCH 4, 2019|
- HII names Aguayo GM of San Diego Shipyard
Huntington Ingalls Industries (NYSE: HII) has named Carlos Aguayo general manager of its San Diego shipyard. He will replace Daniel Flood, who is retiring after 40 years in the ship repair and
- White paper calls for transparency on IMO 2020 fuel surcharges
Seabury Maritime LLC is warning that ocean carriers must be transparent with shippers on how they calculate fuel surcharges. It says that ocean carriers and shippers alike are facing "an uncomfortable uncertainty"
- Passenger-only cat joins San Francisco Bay ferry fleet
The San Francisco Bay Area Water Emergency Transportation Authority (WETA) today welcomed Pyxis, a new 445-passenger ferry, into the San Francisco Bay Ferry fleet. Pyxis is the first new vessel added to
- ABB launches new DC drive series
ABB has launched a new series of DC variable speed drives (VSDs) that allow users with a large installed base to get better performance from their existing systems. With the new DCS880
- Inmarsat launches a new service for crew
Satcom services provider Inmarsat is launching Crew Xpress, a new service for crew available as part of an increasing number of services available on its Fleet Xpress global maritime high-speed broadband service
- Cavotec wins a further automated mooring system order
Lugano, Switzerland, headquartered Cavotec SA reports that it has signed an agreement with an undisclosed port operator to equip two berths at a terminal with MoorMaster automated mooring systems. Cavotec will design,
- Bergeron no longer with Liberian registry
The Liberian International Ship and Corporate Registry (LISCR), the privately owned U.S.-based manager of the Liberian Registry, reports that "Scott Bergeron has departed from the organization." Bergeron had served as LISCR's CEO
- Transportation Institute reports growth in Jones Act generated jobs
The Transportation Institute (TI), a Washington, DC, based non-profit organization that advocates and works for the U.S. flag maritime industry, today reported a 30% increase in domestic maritime job creation enabled by
|MARCH 4, 2019|
- Cheniere hails milestone at Corpus Christi project
The LNG train will have 4.5m tpy of production capacity, while the company has 36m tpy of LNG production capacity...
- Shell's Henderson stresses significance of leadership
Better leadership would help to cultivate the triumvirate of improvements in safety, environmental performance and the arrival of new technology...
- Platsidakis says sulphur cap is example of 'shallow' regulation
Ex-chairman of Intercargo says owners, especially in tramp sector, are being undermined by unrealistic rule-making but ought to be less...
- Vale executives step aside amid dam disaster probe
The resignations appear to be temporary while probes are carried out. The death toll from the incident has risen since...
- German owners sell Hammonia Reederei to Scandinavian investors
Peter Döhle Schiffahrts will retain technical management for Hammonia's 45-strong fleet of bulkers, boxships and multi-purpose vessels
- Probunkers seeks proposals for seven LNG bunkering vessels
Designers, yards and brokers have until March 29 to pitch for design of vessels estimated to cost close to $40m...
- Liberian Registry says Bergeron has 'departed'
The Cohen family, in particular Adam Cohen and Elan Cohen, will continue to lead LISCR
- Boskalis and Kotug to sell Kotug Smit Towage
The deal, with an enterprise value of €300m ($340m), will see the towage company become part of the Boluda Group...
- DFDS names Carlsen to succeed Smedegaard as chief executive
Niels Smedegaard will be leaving at the end of April, having served a 12-year tenure at the top
- Daily Briefing
A third of scrubber orders will not meet IMO cap deadline | Shipowners holding off on switch to low-sulphur |...
- Index-linked contracts open the door for container freight derivatives
Carriers and shippers should look to index-linked contracts to reduce volatility and avoid contract breaches
- India's east coast receives first LNG cargo
The 160,000 cu m LNG carrier was reportedly carrying a cargo supplied by Swiss trader, Gunvor, to Indian Oil Corp
- Zim containers damaged in Busan port collision
Safmarine Nokwanda said to have had engine problems while entering Berth No 2
- Woodside to push hydrogen as transport fuel in South Korea
This comes after Woodside penned two separate agreements last year with Kogas and Pusan University of South Korea on joint...
|MARCH 4, 2019|
- SSA concession fuels Jacksonville port expansion, dredging
- Economist Behravesh: Odds of global recession low, but growing
- Trans-Pacific container supply-demand balance improving
- Low-sulfur rule roll-out has Trump factor 'caveat'
- Tech firms combating US airport congestion
- New ILA system aims to boost NY-NJ port performance
|MARCH 4, 2019|
- SSA Marine to expand at Jaxport
Marine terminal operator's presence will grow by 60% at Florida port.
- Scorpio Tankers gets upgrade with IMO 2020 on the way
New York-listed owner's stock sees slight gain by midday.
- Berenberg raided over Hapag-Lloyd deal
Senior partner under investigation for possible insider trading of liner shipping stock in 2017
- US-China row aside, crude and LPG bulls are on good footing
For the short term, at least, energy trade between world's two largest economies might be more like icing on the cake than an essential pillar for VLCC and VLGC markets
- Cosco's specialised shipping arm picks up wood-pulp option
Cosco Shipping Specialized Carriers has exercised its option to build another four 62,000-dwt vessels at a group yard.
- US exports continue to power rise in VLCC rates
VLCC spot rates jumped by one third last week with strong US exports and continued activity out of the Middle Easy boosting the market. Okeanis Eco Tankers shows confidence with 2019 VLCC supply growth sums Record US crude exports fuel tanker rate rise Brokers believe the uptrend can be extended at a time shipowners are confident of their position. Morgan Stanley placed VLCC rates at $43,000 p
- Ardmore plots patient growth plan in land of listed giants
Ardmore Shipping is a medium-size owner in a public product tanker sector that has gradually seen some of its rivals grow significantly larger, mostly through consolidation. Does New York-listed Ardmore face the danger of being obscured by the giants' long shadows if it cannot grow itself? Chief executive Anthony Gurnee tells TradeWinds that patience will be the virtue that governs Ardmore's own
- Nordic American Offshore's fourth quarter deep in the red
The company continues to deal with covenant breaches while taking a $160.1m impairment charge
- Germany's Nord/LB raises $2.4bn
Restructuring German lender Nord/LB has banked EUR 2.15bn ($2.43bn) from two bond sales. Subsidiary Deutsche Hypo issued a benchmark mortgage securities issue with a 10-year term that was slightly oversubscribed at EUR 750m, it said. The bond was primarily placed with institutional investors in Asia and Europe and carries a coupon of 0.75%. Cerberus fails in Nord/LB bid but is linked to 263-shi
- Shipping's seasonal rate slowdown largest since 2012, says Clarksons
Shipping rates have seen the largest seasonal drop in over half a decade as global events coupled with typical trading patterns to hinder earnings, the world's largest shipbroker says. Sarah Holden, an analyst at Clarksons, said the cross-sector ClarkSea index was down 40% from its December peak to the trough seen in the middle of February. K Line VLCC transaction tipped to extend tanker price
- Astomos sells vintage VLGC in fleet renewal move
Japanese shipowner Astomos Energy has now sold a veteran VLGC at a time rates are thought to be shaping for a recovery. The 78,000-cbm LPG carrier Gas Diana (built 2000) has gone to an undisclosed buyer for $18m, brokers say. The owner did not reply to requests for comment on the matter. It put the ship up for sale along with minority partner NYK Line early last month with offers due on 21 F
- Fincantieri firms up first of six Viking ships
Italian cruiseship builder Fincantieri has finalised a deal to build two more cruiseships for Torstein Hagen's Viking Cruises. The vessels are the first in a series of six agreed subject to conditions last March. The 47,800-gt ships will be delivered in 2024 and 2025. They will house 930 passengers in 465 cabins. Viking has placed orders for a potential 20 vessels with Fincantieri, which the I
- India ups LNG import capacity with new Ennore terminal
Gunvor delivers commissioning cargo to Indian Oil LNG's start-up near Chennai on country's east coast
- University professor to run Hanjin Heavy
University professor Lee Byung-mo is being brought in by creditors to run restructuring Hanjin Heavy Industries & Construction (HHIC). The former STX Offshore & Shipbuilding president and DSME vice president will replace HHIC chairman Cho Nam-ho, Maeil Business reported, citing industry sources. Hanjin to relinquish control of yard group Hanjin said last week that Cho and parent group Hanjin He
- K Line VLCC transaction tipped to extend tanker price momentum
Rumours swirling around the sale of a K Line VLCC suggest an upswing in crude tanker pricing has been extended. Eyes fixed on K Line VLCC sale as tanker price rise faces test Okeanis Eco Tankers shows confidence with 2019 VLCC supply growth sums Frontline scouts for tanker deals with asset prices only going one way TradeWinds reported last week the sale of the 314,000-dwt Tamagawa (built 2007)
- Le Freak storm: Nile Rodgers and Sophia Loren evacuated
The world of show business avoided a serious blow over the weekend when celebrities including Sophia Loren and Chic frontman Nile Rodgers were evacuated during a cruiseship naming ceremony in Southampton. The stars had gathered in a quayside marquee to celebrate the launch of the $750m ($992m) 4,400-berth MSC Bellissima. But strong winds from Storm Freya forced the event to continue on board for
- APL slaps fuel surcharge on boxes
CMA CGM-owned container line APL has revealed its new fuel surcharges for the second quarter. From 1 April, the bunker adjustment factor (BAF) will add $160 per teu from the US east coast to Central America, the Caribbean and west coast South America, with $260 applying from the west coast. Asia to Latin America boxes will attract a $260 per teu fee, while the west coast South America to Persian
- Trade tensions and IMO 2020 slow shipbuilding recovery
Global trade tensions and the pending arrival of IMO 2020 rules saw shipowners take a more restrained approach to newbuildings in the second half of last year, says Ren Yuanlin's Yangzijiang Shipbuilding. Diamantidis adds suezmax resale to Delta Tankers fleet Yangzijiang looks past shipbuilding to bump up earnings Singapore-listed Yangzijiang says the two factors contributed to a slowdown in th
- Sail-driven tanker auction fails to find buyer
Scottish preservation society still hopes it can work with Honolulu Harbor to move decaying tall ship.
- MOL's head of LNG in Europe takes long view on strategy
Gunaseharan Ganapathy urges customers intent on price-cutting to 'be reasonable'
- Tea and Trump help MOL's London LNG boss unwind
Gunaseharan Ganapathy has a background in electronics and began his working life at 23 as a radio officer onboard MISC vessels. He toyed with working for an electronics company, before a friend suggested he go to sea to see the world. "They didn't tell the whole truth," he says, "but for me it turned out OK." MISC sells its oldest LNG ship for demolition in Bangladesh Ganapathy served on liner
- Migrants scale DFDS ferry funnel
Calais-Dover ferry traffic was disupted on Saturday after more than 100 migrants stormed the port and tried to board a DFDS ro-pax. About half of the group managed to make it on to the 34,000-gt Cotes Des Dunes (built 2001) at Calais, with some climbing on to the funnel. Two more fell into the sea and were rescued. More than 60 people were arrested after searches of the ship. The migra
- John Angelicoussis sheds ageing capesize bulker
John Angelicoussis' dry bulk arm Maran Dry Management has agreed to sell an ageing capesize vessel in Singapore. Brokers said the Hyundai Heavy Industries-built, 172,000-dwt Anangel Destiny (built 1999) has fetched a price in excess of $9m. Athens-based brokers reported the deal as a demolition sale, at $432 per ldt, or $9.6m in total. TradeWinds, however, is told the vessel will go for further
- Golar FSRU and FLNG units hook up off Cameroon
Company's floating LNG producer commissions new regasification vessel off Cameroon
- Boskalis and Kotug sell joint venture
Royal Boskalis Westminster has announced its second major business disposal within a month. The Dutch company said it and co-shareholder Kotug International have agreed to sell Kotug Smit Towage to Spain's Boluda Group in a deal valuing the company at EUR 300m ($340m). Boskalis expects to receive EUR 90m in cash for its 50% holding in the joint venture, which operates more than 70 units. Royal
- AP Moller-Maersk rings board changes with two new faces
Danish giant AP Moller-Maersk is adding more logistics knowhow to its boardroom at a time Maersk Drilling is set to be spun-off. Soren Skou sets out list of concerns clouding AP Moller-Maersk's outlook Maersk Drilling sets date for listing as AP Moller extends $12bn energy divestment Former TNT executive Bernard Bot and Marc Engel, who is credited with laying foundations for growth at Unilever,
- Equinor and EMGS sign lucrative North Sea data deal
The oil producer will licence data and will fund a future survey on the Norwegian continental shelf
- Chembulk CFO John Capasso resigns
Connecticut-based Chembulk Tankers will have a new CFO from 1 May. Bart Kelleher will replace John Capasso, who is resigning to pursue other career opportunities, the company said. Capasso has been with the owner since May 2017 and has played a key role, it added. Kelleher, Chembulk's chief strategy officer since early 2016, will see his job expanded to include finance and accounting functions
- China Merchants orders car carrier double
The China Merchants group has reportedly signed up for two pure car carriers (PCCs) at its own yard. Brokers said the company's CSC Shenzhen subsidiary has contracted the 3,800-vehicle duo for delivery in January and March 2021. No price was given, but the yard was named as CMHI (Jiangsu). The group is listed with nine car carriers among its huge fleet of 355 ships.
- Liberian Ship Registry confirms Bergeron's departure
Rumours of the chief executive's exit began circulating last week
- Quentin Soanes stocked up on Braemar shares after Steve Kunzer's appointment
Shipbroking veteran and Quentin Soanes has added to his stake in London-listed Braemar Shipping Services. Steve Kunzer joins board of shipbroker Braemar Soanes says Brexit will be 'positive' for all of Europe Soanes shares all Soanes, who left Braemar to start his own brokerage in 2013, bought the stock after former Eastern Pacific chief executive Steve Kunzer joined the board last week. A fi
- Navios revising preferred share tender offer a third time
Navios Maritime Holdings has, for the third time, altered its offer to swap preferred shares. Meanwhile, the lawsuit over the proposed deal is on track for a trial this summer. Monday, the Angeliki Frangou-led bulker owner announced it had improved the offer by $0.50 for series G and H preferred shares and extended the deadline to take the offer until 15 March. Navios again tweaks controversial
- Probunkers invites proposals for LNG bunkering septet
Athens-based venture Probunkers has invited designers and shipyards to offer technical plans for an LNG bunkering septet it intends to build. Parties have until 29 March to submit "initial, concept design proposals, along with outline specification and general arrangement", the company said in a press release on Monday. Probunkers' technical manager Andreas Zompanakis will be in charge of evalua
- NRP buys Hammonia from Peter Dohle and Ernst Russ
Oslo investment house Ness, Risan and Partners (NRP) has acquired bulker and boxship technical manager Hammonia Reederei from its German owners, Ernst Russ and Peter Dohle. The company's two founding shareholders said NRP had teamed up with the former owners of Finnish container line Containerships, which was bought by CMA CGM last year, to buy their stakes. NRP seeks further investments in reco
- BW Offshore could buy Petrobras, Chevron field
Oslo-listed FPSO group BW Offshore is "contemplating" buying a Brazilian oil field from Petrobras and Chevron. It said the move would see it acquire 100% of the Maromba field. Petrobras currently owns 70% and Chevron the rest. BW Offshore extends Brazilian FPSO charter A deal would have to be approved by the Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP). No price has b
- CEO Smedegaard quits DFDS after 12 years
DFDS CEO Niels Smedegaard is leaving the company after 12 years in the top job. The resigning boss will be replaced by CFO Torben Carlsen at the end of April. Carlsen joined in 2009 and together with Smedegaard has overseen growth at DFDS, including the acquisition of Turkey's U.N. Ro-Ro. DFDS full-year results reach 'all-time high' Bungled Brexit ferry contracts cost UK $44m Smedegaard said:
- Pacific Radiance cuts losses due to fewer impairments
Singapore firm also sees improvement in vessel utilization, but charter rates continue to languish.
- Fifty passengers stranded as Singapore ferry grounds off Batam
Ferry was heading for Tanah Merah Ferry Terminal when it fell foul of Karang Galang reef.
- Ezion shares suspended while potential investor checks the books
Singapore offshore vessel operator has also seen an 18% increase in losses for the fourth quarter.
- CMA CGM launches $1.2bn cost-cutting drive
French liner giant upbeat on prospects for 2019 despite persisting geopolitical tensions.
|MARCH 4, 2019|
- CBP looks to 'keep us all safe and protect legitimate trade'
E-commerce platforms and rapidly changing IT are challenging the agency's regulatory oversight and systems to keep pace.
- COAC gets into nitty-gritty for in-bond enhancements
CBP and COAC make strides to improve procedures for bonded cargo moves, but more work still needs to be done.
- CMA CGM volume, revenue increase in 2018
French carrier says CEVA acquisition will create $30 billion company offering door-to-door logistics.
- GAO: State should share export control watch list with BIS
- CBP seeking innovative opioid detection technology
|MARCH 4, 2019|
- FUTURES 5: US-China trade deal optimism keeps futures in black despite equity selloff
A steep selloff in US equity markets knocked crude futures off early-session highs, but optimism regarding a potential thaw in US-China trade relations and a tightening supply picture for 2019 kept prices in the black Monday.
- US releasing light sweet crude barrels from SPR as medium, heavy shortfall looms
The estimated 6 million barrels of SPR crude are expected to be delivered throughout May, when US policy actions are expected to affect the flows of millions of barrels of medium and heavy crudes.
- FEATURE: Fuel quality tops bunker industry's 2020 concerns
For bunker market participants gathering in London for industry events last week, the quality of the new fuels they will start trading in next year was at the top of the agenda.
- External: Praxis Energy Agents DMCC
- Container line CMA CGM increases bunker fuel hedging
French container line CMA CGM increased its bunker fuel hedging last year to protect against rising prices.
- External: Marine Bunkering(Rotterdam)B.V.
- INTERVIEW: Saudi Aramco still eyes growth in US refining, despite chill in bilateral ties
"When you look at markets in the US, we look at the potential to grow," Abdulaziz al-Judaimi said.
- India will invest $500 million in Iran's Chabahar port: Mehr
India began commercial activity at Chabahar on January 8.
- FUTURES: Oil still higher on bullish indicators
Fuel consumption, especially in Asia's developing economies is holding up, Trifecta Consultants' Vijayakar said.
- Singapore 180/380 CST HSFO spread widens to 4-month wide as high viscosity supply rises
"More high viscosity or high density cargoes are arriving over end-February to early March," a fuel oil trader said.