|SEPTEMBER 11, 2019|
- AP: China's exports to US shrink 16pc as trade war intensifies
- Xinhua: China's exports up 2.6pc in August, imports down 2.6pc
- US to leave global postal union October 17 unless free to set own rates
- Burning Amazon jungle part of plot to dominate world: commodities fund
- Ocean carriers now favour profitability over enlarging market share
- Bollore Transport & Logistics opens Abidjan multipurpose logistics hub
- Petronas licence opens GAC Malaysia to oil and gas opportunities
- New round of US tariffs on Chinese imports will hit US consumers
- British Airways pilots strike, but rest of IAG cargo service unaffected
- Boeing firms up order with China Airlines for six B777 freighters
- Russia-Ukraine conflict widens rift in development of Ilyushin An-124
|SEPTEMBER 10, 2019|
- Chennai Custom Brokers' Association elects office-bearers for 2019-21
- Cochin Shipyard to build hybrid vessels for Kochi Metro
- IMO focusing on safe handling of bulk cargoes
- India & Russia to explore connectivity between Chennai & Vladivostok
- Schenker India launches Connect 4.0 for a streamlined global shipping experience
- Shanghai Shipping Exchange & CargoSmart join forces to establish a new shipping index
- Chinese Taipei initiates WTO dispute complaint against Indian tech tariffs
- Import policy revised for 215 iron, steel products, says DGFT notification
- Prime Minister to inaugurate India's second riverine multimodal terminal at Sahibganj on Sept. 12
- VOC Port achieves 31 pc cargo handling growth in Aug. 2019
- India & ADB sign $200 m loan to improve rural road connectivity in Maharashtra
- Subhash Desai to grace MALA 2019 as Chief Guest
|SEPTEMBER 11, 2019|
- More freight can be shifted from road to rail
- Wallenius extends its Baltic network
- Reducing freight traffic's impact on the environment
- New head for Çelebi Cargo Frankfurt
- Instafreight launches its services for the Polish market
- Canada gives Winnipeg airport a cargo boost
- DRT brings Bahamas relief after Dorian
- TIP Trailer Canada expands fleet to 33,000 vehicles
- New Portuguese partnership expands Europa's reach in Europe
- CMA CGM is also in the black
- Logistics network Thuringia appoints manager
- Avianca Cargo to connect Colombia to Texas
- Trials in progress for automated trucks in the USA
- "Curiosity of the Day"
- QSL replaces warehouse
- K Line does its share
- Dachser receives 3PL excellence award 2019
|SEPTEMBER 10, 2019|
- Amazon container order another move toward 'dominating US logistics'
- Call for direct Asia call at port of Liverpool as imported retail volumes grow
- Amazon Cargojet ties a growing threat to Rodair cannabis traffic
- New guide to help shippers lower transport emissions at procurement stage
- Ceva the latest 3PL to sign up for Kontainers' Enterprise platform
- What Uber Freight's move to Chicago actually means
- New president and COO as ATSG reshuffles executive team
- On the wires: 'Welcome to the party' - WiseTech down A$845m in value today...
- M&A radar: DSV - new details leaked: Africa MDs named, IT leadership to be announced today
|SEPTEMBER 10, 2019|
- Prysmian moves ahead on construction of advanced cable layer
Milan, Italy, headquartered Prysmian Group reports that construction of its advanced cable laying vessel Leonardo da Vinci is on track. The basic design phase has been substantially completed and detail engineering is
- AIDAperla to be fitted with 10 MWh Corvus battery pack
Carnival Corporation's Germany-based brand, AIDA Cruises, has signed an agreement with marine battery system specialist Corvus Energy that will see its 300-meter-long cruise ship AIDAperla fitted with a battery pack capable of
- USCG terminates illegal charter in Miami
The Coast Guard terminated the voyage of the 42-foot pleasure craft, Breaking the Habit, with 13 passengers aboard, Saturday, near Miami Marine Stadium. Coast Guard Sector Miami responded after receivinga report of
- WinGD collaborates with ETH Zürich on predictive maintenance
An advanced and sophisticated algorithm based on a physical and data driven engine model promises to enhance predictive maintenance for marine two-stroke engines. It has been developed by Swiss technical university ETH
- SEACOR: Delivering Bahamas relief demands expertise as well as good intentions
With donors building large stocks of emergency supplies across Florida and beyond for Bahamians impacted by Hurricane Dorian, the need for efficient logistics is critical to reaching those in need, says Fort
- Multipurpose LO/LO will have vertical LNG fuel tank
A versatile LNG-fueled multipurpose LO/LO (Lift-on/Lift-off) vessel being built for Norwegian shipowner Egil Ulvan Rederi is to have an innovative fuel-gas supply system supplied by MAN Cryo - MAN Energy Solutions' marine
- Final four crew members freed from Golden Ray
A nailbiting drama reached its conclusion yesterday when Coast Guard and salvage crews extracted the remaining four crew members who had been trapped in the car carrier Golden Ray, which remains laid
- Secaucus FD puts Lake Assault fireboat into service
The Secaucus Fire Department, in Hudson County, N.J., placed a 28-foot Lake Assault Boats firefighting and rescue craft into service earlier this summer. The department's firefighting and emergency response area includes a
- WSF and Vigor initiate hybrid-electric ferry project
Dignitaries from the state of Washington joined Governor Jay Inslee, Washington State Ferries officials and Vigor employees yesterday at Vigor's Seattle shipyard to celebrate the beginning of the greening of WSF's fleet.
|SEPTEMBER 10, 2019|
- Shell urged to share GHG emission savings
Clarkson Research Services' Martin Stopford tells forum that decarbonisation in shipping needs to first start with distributing information about the...
- Ship technology market could be worth $278bn by 2030
Industry's spending on digital start ups remains minimal compared to spending on established corporations, a new report finds
- Citi's Parker confident Chinese lenders will adopt green finance principles
During a panel discussion at London International Shipping Week, Mr Parker reveals he and Société Générale's Paul Taylor recently travelled...
- The Lloyd's List Podcast: LISW Day 2 - Why software is the industry's greatest safety risk
ABS chief Chris Wiernicki is in the studio with Lloyd's List Editor Richard Meade for today's podcast and they are...
- Boxship fire prevention needs to focus on cargo verification
Containership fires are hard to contain, so focus needs to be on prevention, not firefighting
- UK banks 'no good at shipping', claims Citi's Michael Parker
'Frankly, British banks were no good at shipping. They lost a lot of money and it wasn't very important to...
- Former UK defence secretary claims Stena Impero did not follow security guidance
Former defence secretary reveals she asked five times before Theresa May agreed to a meeting of Britain's crisis Cobra committee...
- Owners open to fuel carbon pricing to curb emissions
Trafigura and Goodbulk are open to paying a premium on hydrocarbons to curb emissions and reiterate calls for mandatory speed...
- IMO 2020 adds woes to slowing global economy
Platts analytics also projected that green shipping regulations may support pricing of key petrochemicals such as naphtha, which is a...
- Daily Briefing
Free to read: States must do more on sanctions compliance | Blockchain: Believe the hype |Shipyards losing race to retrofit...
- All seafarers rescued from capsized car carrier off US coast
The fourth man, who was trapped in a separate compartment, emerged several hours later. This crewman's rescue was a greater...
- North of England maritime clusters impeded by poor infrastructure
England's Northern Powerhouse maritime clusters are struggling to convince the UK government that economic growth needs significant investment in road...
- Global regulation not suitable for ports
The heterogeneous nature of port ownership and a plethora of local legislation makes international port regulation a difficult game
- Three more crew rescued from capsized car carrier
Rescue teams drilled a hole into the hull of the ship to free the final three crew after helicopters rescued...
|SEPTEMBER 10, 2019|
- Hong Kong shippers alarmed over rising logistics costs
- Fast-growing Ontario terminal eyes rail link
- Retailers project pre-tariff jump in November imports
- Panama approves lower tolls for container ships
- India eyes coastal links for regional trade push
- First signs of Asia-Europe low-sulfur surcharges emerge
- Kontainers adds CEVA to online platform
|SEPTEMBER 10, 2019|
- Navigator seeks bondholder bailout on covenants
New York-listed gas operator wants help from holders of $100m in Norwegian bonds as it eyes bridge to better market and completion of Texas ethylene terminal.
- Burke: Push for new tonnage might not be so green
There is a place in the market for older ships, the Ridgebury Tankers chief executive says
- Product tanker owners reveal how they'd spend a fantasy $50m
No one said they would splash out on newbuildings
- Top Ships looks to sell $10m in shares
Top Ships is on the hunt for more capital. The Evangelos Pistiolis-led tanker owner is offering 1.14 million common shares at $8.74 each, according to an SEC filing. If successful, the effort will raise $10m in working capital for "general corporate purposes," the Monaco-based company said. Pistiolis charters Top Ships MR newbuilding The units are also being offered as purchase warrants to bu
- Wah Kwong's Chao Sih Hing 'committed' to shipowning
Technology also takes centre stage at TradeWinds Greater China Shipowners Forum
- Proof of concept on LNG FFAs a must to lift trading, says Benjamin Gibson
Benjamin Gibson joined Affinity (Shipping) in December from a commodity futures brokerage where he set up an LNG desk. A former AP Moller-Maersk graduate trainee, Gibson cut his teeth on forward freight agreements (FFAs) at Clarksons where he was hired by then chief Richard Fulford-Smith, who founded and now heads up Affinity. He has spent six months doing set-up work at his new company, where h
- Fearnleys expects balance in LNG shipping for 2020 and 2021
But Norwegian shipbroker sees a deficit of over 100 vessels for 2025, requiring more orders
- Diana Shipping sale shows how listed bulker owners are feeding smaller Greek peers
Mylonopoulos and Griblas family interests emerge with 15-year-old ships offloaded by US-listed Diana earlier this year
- Law firm Brodies beefs up shipping team
Scottish company adds four new recruits in Aberdeen, Edinburgh and Glasgow.
- Turkish shipping needs to be cautious near Libya, analysts say
Turkish ships and seafarers should steer clear of several Libyan ports, according to maritime consultancy Gray Page. According to an alert from the company, all ships should exercise caution in the region due to the country's ongoing civil war, but Turkish interests are especially vulnerable given threats from the Libyan National Army. Haftar recognises NOC as sole Libyan oil exporter "Turkish-
- Gap between OSV stocks and asset values is 'biggest ever'
Clarksons Platou Securities believes brutal sell-off leaves compelling opportunities in offshore sector.
- Disagreements over future prompted CEO to leave Hoegh Autoliners
Hoegh Autoliners chairman Leif O Hoegh said questions of strategy are behind the decision by the car carrier operator's chief executive and chief financial officer to leave. "They chose to leave due to different views on the future," Hoegh said. Hoegh Autoliners CEO to leave after heavy losses More distressed sales likely in car carrier sector He declined to reveal further details behind the r
- Young professionals say London must adapt to stay relevant globally
SPNL also awarded awards to the 'next generation' of women in shipping
- Partners leave Clyde & Co to set up own shop
Four lawyers forming new firm, while Ed Mills-Webb resigns.
- Shipping leaders plot route to maintaining London's power
Brokers, bankers, lawyers, managers and owners come together to explain the challenges facing the UK capital.
- Navigare bags big boxships worth $160m from Peter Dohle
Danish investor bags brace of 13,400-teu vessels as big boxship market tightens
- Subsea 7 to see in 2020 with new chief executive
Subsea 7 will celebrate the new year with a new chief executive, following the retirement of Jean Cahuzac in December after 11 years in the role. Subsea 7 bags Saudi Aramco contracts He will be succeeded from 1 January 2020 by John Evans, who since 2005 has been chief operating officer of the subsea engineering, construction and services company, which owns a fleet of offshore construction vesse
- Eastern Pacific sells oldest MR to Seven Islands Shipping
Indian shipowner tipped to buy 17-year-old tanker
- Go green and do better or go capital hungry, financier warns
Environmental, social and governance issues are now major investment drivers, says JP Morgan's Andy Dacy
- Trafigura happy to be exposed to Frontline equity prospects
Company's first comment since taking on an 8.48% stake points to good times for shareholders of the Fredriksen-backed shipowner
- Dship Carriers aims to double fleet after delivery of MPP quartet
German outfit plans to operate up to 20 ships by expanding its time-chartered and owned stables
- Growing market fuels drive to forge ahead on LNG futures
SGX's Baltic Exchange is leading the charge, with other platform providers snapping at its heels
- Regasification capacity needs to be dovetailed to power needs
The attractiveness of the FSRU-powership concept is that it can be put in place relatively quickly and at the location where the power is needed. There are no specific regulations governing this type of project yet and often, any that are put in place are driven by the financier. FSRU for world's first LNG-to-power project near completion USC develops LNG-fuelled powerships But MOL offshore di
- New opportunities on the horizon for marine insurance
Ahead of IUMI's annual conference in Toronto, our Future of Marine Insurance Business Focus explores the technological advances that could help sector thrive in a fast-moving world, among other topics
- Yangzijiang shares offer '49% upside', claims analyst
Shipbuilder set to reap rewards of weaker China currency and IMO 2020 orders, says UOB Kay Hian Holdings
- Mixed newbuilding and S&P volumes despite rate rally
Brokers and analysts say owners are being selective in the dry cargo and tanker markets
- Oaktree floating accommodation merger plan suffers setback
UK authorities say proposed tie-up could reduce competition on the UK continental shelf
- Bumi Armada offloads FPSO left unemployed off Nigeria
Malaysian floater specialist set to receive funds for vessel spread over two years
|SEPTEMBER 10, 2019|
- Amazon, Home Depot sign on as tenants to multi-story Seattle warehouse
Amazon and Home Depot have both leased space in a multi-story warehouse in Georgetown Crossroadss in Seattle.
- Air cargo CEOs among new US-UK aviation security group
Classified information in trans-Atlantic markets to be reviewed by advisory board.
- Rivian nabs $350M from Cox Automotive
Good things come in threes. Following a $700 million raise led by Amazon (NASDAQ: AMZN) in February and another $500 million investment from Ford in...
- Union Pacific train derails at Illinois rail yard
The railroad was building the train when it derailed and caused a tank car to catch fire.
- Shopify will acquire 6 River Systems for $450 million
6 River Systems is a warehouse management and automation company that utilizes mobile robots named "Chuck" to improve efficiency in warehouse operations.
- Boeing 777X test failure has muted impact for air cargo sector
News that a key test on Boeing's next-generation 777 wide-body jetliner went awry last week raised questions about possible production and delivery delays, but for...
- NACFE announces 10 drivers participating in its Run on Less Regional challenge
The North American Council for Freight Efficiency (NACFE) announced the names of 10 drivers from participating fleets that will drive in its Run on Less...
- Joint US-Mexican truck inspections speed up agricultural trade at Texas border crossing
Officials in Mexico and the United States are discussing expanding a joint pilot inspection program aimed at reducing wait times for agricultural products at the...
- New York lawyer sentenced for scrap metal shipping fraud
Attorney Richard Luthmann received a four-year prison term and was ordered to pay $500,000 in restitution for defrauding businesses in the U.S. and overseas.
- Almost a quarter of the Class I's network is interoperable
The Class I railroads are steadily implementing positive train control, but the railroads overall still have a ways to go before the December 2020 deadline.
- Schneider National selects Platform Science for next-gen ELD, telematics solution
Schneider National is leading an industry shift from hardware-centric solutions to software platforms.
- Collectivism vs. individualism - two cultures collide in trade war
Henry Byers writes about the latest twists and turns in the U.S.-China trade war.
- Air-taxi startup Volocopter raises €50M in Series C funding
Volocopter builds autonomous electric air-taxis that resemble drones for short transits over urban spaces.
- Analysts more bullish on TLs, valuation a key reason
The bulls are coming out in support of truckload carriers, kind of. Several equity analysts are using a recent positive inflection in TL volumes, a...
- Alaska and the Amazon Effect
Being 9.5 hours from 90 percent of the industrialized world, e-commerce leader Amazon is utilizing Alaska as an air operations hub.
- Freight Futures daily curve: 9/10
CHI to ATL futures (VCA) lower on Dorian "risk premium" removal.
- Surface Transportation Board: 3 Class I railroads have sufficient returns for capital improvements
Three Class I U.S. rail operations earned enough returns on investment in 2018 to support their capital projects.
- Another LNG nail in coal's coffin?
Final investment decisions for new global LNG export plants are surging, a negative for future thermal coal demand.
- Headline: US DOT providing $871 million for highway disaster relief
Puerto Rico getting 25% of money in wake of 2017 hurricanes.
- Heavy storms, flooding to delay truckers in several states (forecast video)
Severe thunderstorms coming back to Great Plains, Midwest. Heavy rain, flooding potential in Pacific Northwest.
- Today's Pickup: KeepTruckin makes dual-facing camera, trailer tracking available
KeepTruckin has released a camera that records both on-highway and inside the cab for those fleets looking for more driver monitoring options.
- More questions than answers for Huawei export controls
Export compliance experts find little new in the Bureau of Industry and Security's FAQs answers related to the Chinese telecom's placement on the Entity List...
- DSV seals position as global powerhouse
Acquisition of Panalpina creates one of the world's largest transport and logistics companies.
- Blockchain-based platform now enables transparency across trash logistics
Digital logistics company Marine Transport International is collaborating with The Recycling Association to enable recycling businesses to relay essential information on trash to stakeholders within...
|SEPTEMBER 10, 2019|
- FUTURES 6: Crude lower as Bolton firing opens slim possibility of sanctions relief
Also bearish for crude was news that the US Energy Information Administration cut its outlook for 2019 global oil demand growth by 100,000 b/d to 890,000 b/d, putting it below 1 million b/d for the first time since 2011.
- HSFO East-West swap hits record high amid strong Singapore backwardation
The spread between front-month swaps for 3.5% sulfur fuel oil in Rotterdam and the equivalent assessment in Singapore reached a record high Monday, amid tight supply at the Asian hub.
- Russia to lose top spot as China's main crude supplier
"Healthy growth is sustainable as we have more supplies online along with transportation capacity expansion," Otabek Karimov, Rosneft's VP for commerce and logistics, said.
- APPEC: Oil markets view Saudi oil leadership change as bullish for prices, executives said
Oil markets are still grasping the full implications of the appointment of a new Saudi Arabian energy minister, but the general consensus is that it should boost oil prices in the near term, executives at the 35th Annual Asia Pacific Petroleum Conference said in Singapore.
- APPEC: Idemitsu to start supplying IMO-compliant bunker fuel in October
"We are making a shift towards producing the compliant fuel by reducing surplus high sulfur fuel oil as part of our regulatory response," Idemitsu said
- Malaysia's new RAPID plant sells second 10 ppm gasoil cargo
"Malaysia supply/demand fundamentals for gasoil is balanced at the moment. Exports from RAPID is expected," an industry source said.
- APPEC: Asia set to embrace non-OPEC crude suppliers amid Persian Gulf tensions
Geopolitical disturbances impact oil supply mechanism, thus Asia needs solid and reliable suppliers, Otabek Karimov, VP commerce and logistics at Rosneft said.
- Singapore HSFO backwardation widens above $40/mt ahead of IMO 2020
"The prompt market is very tight, even if oil comes in the second-half [of the month] it will be snapped up," a trader said.
- APPEC 2019: Cosmo Oil buys Canadian Cold Lake crude as it expands Sakai coker
Cosmo Oil will load around 300,000 barrels of Cold Lake crude, together with about 700,000 barrels of US WTI Midland crude on Suezmax tanker Athens Spirit September 10.
- Japan bunker operations back to normal after Typhoon Faxai makes landfall
The refineries are 100% back in operations from today, a trader said.