|MARCH 12, 2019|
- China predicts weak coastal shipping markets in 2019 due to oversupply
- Box shipping in for a tough ride with higher fuel costs, supply-demand gap
- OOCL to enhance current Japan KTX6 services
- Hunan Ocean Container Lines orders two 635-TEU feeder box ships
- MSC adds Liverpool call after 2M Alliance puts it on TA4 transatlantic route
- Kalmar to supply 63 hybrid straddle carriers to European terminal operators
- China grounds domestic Boeing 737 MAX 8 jets after Air Ethiopia crash
- STAECO to perform Boeing passenger-to-freighter conversions for AEI
- Azul chooses Globe Air Cargo (GAC) as its GSSA in Argentina
|MARCH 11, 2019|
- Emirates Shipping Line appoints Sabari Container Terminals to carry out survey/maintenance & repairs of its containers in Mundra
- GAC India handles first tanker at new LNG terminal
- Maersk to introduce virtual assistant
- MOL Group to launch demonstration test of mooringrope with built-in sensor, rope status monitoring system
- MSC, CMA CGM in Australia Express service between Europe/Indian Ocean & Australia
- New discrepancy rate for LNG cargo handling in Turkey
- Sea Cargo Manifest & Transhipment Regulations, 2018
- Wan Hai Lines to enhance Japan to Straits services coverage
- Cotton exporters see growing demand from China
- Non-utilisation of various initiatives of the Department is a major concern: Principal Chief Commissioner of Customs, Chennai
- Container barge service to Kottayam Port flagged off
- Nitin Gadkari lays foundation stone for Central Inland & Coastal Maritime Technology-IIT Kharagpur & Multi Skill Development Centre at JNPT
- FIEO launches unique women exporters' e-group on the occasion of International Women's Day
|MARCH 12, 2019|
- Tyrol tightens the screw
- Up-to-date vehicles to handle pallets in cold areas
- Laurels from China for ABC
- Alaska Airlines cuts cargo prices and launches new service
- USA: Hudson gains access to the BNSF network
- B&H Worldwide launches new IT-system
- Marseille Fos investing in blockchain technology
- Volker Seefeldt hands over helm to Jan Zeese
- Slovenian rail carrier expands fleet
- Continuous growth for DP DHL
- Double-digit growth for tanker container fleet
- Candy bombers will return to Berlin in June 2019
- Heléne Mellquist to preside over Volvo Trucks Europe
- "Curiosity of the Day"
- USD 31.3 million net income for Descartes
- New regular train services from Poland to Turkey
- ICTSI continues on steep upward trajectory
- Saudia Cargo goes digital with ULD provider
|MARCH 11, 2019|
- Transpacific BCOs 'sitting on their hands' as spot rates tumble
- Abandoned containers - who pays? Forwarders, it could be you
- Frankfurt Cargo Services hits back over 'unfair' fee for unloading shipments
- Analysis: supply chain debt - make sure due credit is finally collected
- Innovation, yes, but will this prize-winning idea drive real change in air cargo?
- 'Leaving Chinese factories to source elsewhere will hit your speed to market'
- Alibaba extends retail push with investment in STO Express
- Against the odds: The M&A hurricane boosts DSV and Panalpina, but where is the real value?
- Market Insight: Q&A with Eric Pilling: "Welcome to the forwarding jungle" - how to adapt, survive and thrive
|MARCH 11, 2019|
- Navy Shipyard partners with Sarcos Robotics
Sarcos Robotics, a specialist in robotic systems that augment rather than replace humans, reports that it has partnered with Puget Sound Naval Shipyard (PSNS) & Intermediate Maintenance Facility (IMF) to evaluate and
- DNV GL rolls out remote surveys for all ships in its class
All vessels classed with DNV GL now have the possibility to utilize remote surveys for some inspections through the Veracity data platform. This means that for a range of surveys, a DNV
- Bouchard promotes Martha Volgyi to crewing manager
Melville, N.Y., based Bouchard Transportation Co., Inc. has promoted Marsha Volgyi to crewing manager. Prior to working at Bouchard Transportation Co., Inc., Ms. Volgyi worked for twelve years in the cruise shipping
- New research makes case for workboat repower grants
New research makes a powerful case for continued funding for EPA Diesel Emissions Reduction Act (DERA) grants and loans for projects that reduce emissions from existing workboat diesel engines. It also underscores
- Maersk Supply SSV awarded walk to work contract
Maersk Supply Service reports that it has won its second walk to work contract for Total Denmark. The Stingray class subsea support vessel (SSV) Maersk Involver, has been fixed for 161 days to
|MARCH 11, 2019|
- Grimaldi ship still burning after fire in a container quickly spread
Italy's Grimaldi Group said on Monday night that a firefighting tug was trying to extinguish the blaze, after which the...
- BP unveils new 0.5% fuel supply
The very low sulphur fuel oil will be available in various locations across the globe ahead of 2020
- CMA CGM loses general average case after boxship deemed unseaworthy
Clyde & Co - which acted for claimants - describes outcome as 'significant judgment' that highlights need for shipowners to ensure accurate...
- Blockchain faces hurdles before widespread adoption
As the salespeople for distributed ledger technologies try to make their case for adopting their products, they must convince other...
- DNV GL to conduct remote surveys
The service is now available for all DNV GL-classed vessels for specific types of surveys
- Blackstone invests in marine terminal operator Carrix
The deal gives Carrix a long-term partnership with the Blackstone Infrastructure Partnership, which has support from Saudi Arabia's sovereign wealth...
- Marine gasoil demand to double on IMO rules, says IEA
New IEA projections suggest new 0.5% fuels will only lead the market in five years and heavy fuel oils will...
- Shipyard consolidation slowly removes excess capacity
News that South Korea's HHI has reached agreement to take over rival DSME should remind us that shipping is becoming...
- Pacific Basin chief wants to expand
The shipowner says it will avoid contracting newbuildings owing to their high price and low return. New vessels are also...
- Brazilian soyabean exports face logistics challenge
Low stockpiles at ports may lead to a drop in export fixtures in the coming days, warns Jefferies
- Clarksons confident about long-term outlook
The shipbroker maintained profits in 2018 but warns that fluctuating external circumstances will persist this year
- Rongsheng Heavy shipbuilding assets sold to Unique Orient
Huarong says the arrangements will allow it to alleviate its financial burden and focus on its oil production business
- Face to face with the future
Per Martin Tanggaard, the Director of Nor-Shipping, says there's still no substitute for doing business the 'old fashioned way', even...
- Too early to bill LNG a success in US-China trade talks
China still has to weigh US LNG against options available in Qatar, Australia and Russia, and given tense bilateral relations...
- BW Offshore takes control of Maromba field
The Maromba field fits in with BW Offshore's E&P strategy of phased development in a country it already operates in...
- Keppel reels in second Awilco Drilling semi-sub rig deal
The deal is the second of three options to build similar rigs that Awilco Drilling signed in 2018 which will...
- Trump names Khouri as permanent FMC chairman
Michael Khouri's stint as head of the maritime regulator began in January 2017, while the Federal Maritime Commission Authorisation Act...
|MARCH 11, 2019|
- Blockchain slow steaming into container shipping
- NY-NJ rail projects target fluidity
- Interoperability key to widespread IoT adoption
- Warehousing, courier hiring leads US transport sector
- Asia-Europe trade begins 2019 with volatility
- Low-sulfur fuel concerns haunt IMO rule rollout
- project44 extends visibility offering to ocean freight
|MARCH 11, 2019|
- Pacific Drilling posts fourth-quarter loss
Company saw $1.8bn loss during restructuring.
- BNY Mellon slashes Ardmore holding
Bank of New York Mellon has cut its position in Ardmore Shipping Company by more than a three-quarters of a million shares. According to Securities and Exchange Commission filings, the New York-based bank sold 831,270 shares 28 February, cutting its ownership in the Irish tanker owner from 5.88% to 3.91% after buying in on New Year's Eve. Ardmore plots patient growth plan in land of listed giant
- Cruise industry looks to MGO, LNG and scrubbers to meet IMO 2020
Scrubbers and LNG are not best answer to compliance, environmentalists say
- Grimaldi ro-ro catches fire off France
Master ordered crew to abandon ship in fear of winds fueling blaze.
- Carnival fuels confusion over its Arctic bunkers
Arnold Donald-led company says it has been burning low-sulphur fuel in the sensitive region for more than two years
- US Supreme Court to rule on seafarer's damages case
If seafarers are allowed to seek punitive damages, owners could face 'stifling' legal risks, industry groups say
- East Coast port upgrades may benefit CSX, Norfolk Southern
Terminal projects in Virginia and Halifax could boost demand for intermodal service, Deutsche Bank's Amit Mehrotra says.
- Green group urges cruise industry to set example
Carnival Corp 'sets the standard' for the public-facing sector, says Stand.earth senior shipping campaigner Kendra Ulrich
- Baltic Exchange under fire from anonymous Twitter campaign
The Baltic Exchange has come under fire from an anonymous Twitter account, which has accused the institution of manipulating its markets and rigging indices to benefit charterers. It remains unclear as to whom the Twitter account belongs, but in various tweets ActionBaltic has said it does not trade and has denied being backed by FFA trader the Paralos Fund, which has previously criticised the Ba
- Whale smash injures 80 on ferry
A Japanese fast ferry has hit what is believed to be a whale, injuring 80 people. Sado Steamship has apologised for the incident in the Sea of Japan on Sunday, according to Kyodo News. Six of the passengers were seriously hurt in the collision with a "marine animal", the shipowner said. The jetfoil suffered damaged to its hull and machinery. A crew member told NHK TV that he had seen a "large
- SK Shipping scraps capesize
South Korean owner SK Shipping has sold a capesize for scrap. The 150,000-dwt Compromise (built 1994) has gone "as is" in Beihai, China, for $7.6m. P&I clubs declare SK Shipping 'free business' The ship was purchased by SK in 2009 for $29.1m as the K Promise, and is due for special survey in May. SK Shipping did not respond to requests for comment. The owner last sold a capesize for demolitio
- Filipino seafarer electrocuted on tanker
A Filipino crewman has been hospitalised after suffering electrocution on a tanker off Vietnam. Vietnam Net reported that the seafarer was brought ashore at Nha Trang City from the 7,900-dwt Penyuan (built 2009) on Sunday. Romeil Orbit Murillo, born in 1989, was the subject of a medical request for help while the vessel was en route from Ho Chi Minh City to China. Authorities instructed colleag
- DNV GL rolls out remote surveys
Classification society DNV GL has made remote surveys available to all its vessels. The Norwegian company said the technology can be used for certain inspections through its Veracity data platform. A DNV GL surveyor will not be required to travel to the vessel in these cases. These include occasional surveys that fall between periodical surveys, documentation-based surveys, testing and witnessi
- Cosco unveils online freight platform
China's largest shipping conglomerate is to launch a website for online freight transactions in coastal bulker shipping.
- Scorpio Bulkers sells two kamsarmaxes
The sales will improve the company's liquidity, according to its chief executive
- Authorities ready to play hard ball on IMO 2020
As the clock ticks down, port state control organisations round the world are making sure they are ready for the new sulphur limit on bunkers
- DryShips reveals $34m valuation on Heidmar stake
George Economou-owned company's calculation of pools giant's worth is in line with 2017 estimate
- Defective passage plan made CMA CGM boxship unseaworthy
UK court sets new precedent as cargo owners resist general average claim from 2011 grounding.
- Tufton Oceanic raises $50m for more buys
UK-based Tufton Oceanic Assets has banked $50m from a stock sale. A total of 49m shares were placed and will trade on the specialist fund section of the London Stock Exchange from 14 March. Tufton Oceanic linked to bulker sale Tufton Oceanic Assets targets $75m from latest capital raise The deal, launched in February, was aiming to raise $75m and take the owner's fundraising in London to almos
- Aker BP fixes Eidesvik PSV on 12-month contract
One of Eidesvik Offshore's platform supply vessels has been fixed to Aker BP on a 12-month contract in Norwegian waters. The 6,200-dwt Viking Lady (built 2009) will begin work immediately on the contract, which Eidesvik said may be extended. Neither the contract's value nor its extension options were disclosed. Three Norwegian owners win PSV frame deal with Aker BP "We are very pleased that Vi
- PDVSA: "We are still working with BSM"
Venezuelan oil company PDVSA says it is still working with Bernhard Schulte Shipmanagement (BSM) despite reports the German company is taking crew off 10 managed tankers. PDVSA declares maritime emergency Reuters cited internal PDVSA documents as saying last week that BSM had notified it that it would return operation of 10 of 15 ships it handles for the company. The oil producer's shipping arm
- BP Marine to sell low sulphur fuel, announces sites
BP Marine will begin selling very low sulphur fuel oil at locations worldwide ahead of the IMO 2020 regulations. The fuel will be compliant with the regulatory body's 0.5% sulphur cap, set to kick in next year. BP said the fuel was trialed at its Amsterdam/Rotterdam/Antwerp (ARA) and Singapore hubs. Authorities ready to play hard ball on IMO 2020 Seabury Maritime reveals IMO 2020 cost calculati
- Tufton Oceanic linked to bulker sale
UK-based Tufton Oceanic is reportedly selling two bulkers. The Oshima-built 61,000-dwt Malmo (built 2010) and Melbourne (built 2011) have fetched $33m en bloc, according to European and US brokers. Some said the price may be as high as $34m. Tufton Oceanic bought the duo in September 2016 for $28.5m. Some reports said the pair have gone to Hong Kong-listed Pacific Basin Shipping. This expandi
- Second Maersk vessel wins walk-to-work contract with Total
Maersk Supply Service's newest vessel has won a contract supporting the maintenance of an offshore platform in Danish waters of the North Sea. The subsea supply vessel Maersk Involver, which was delivered from Cosco Dalian in November 2017, has been fixed to Total Denmark for 107 days, commencing in April. The 107-metre vessel will provide walk-to-walk and accommodation services while maintenanc
- KCC appoints IPO advisors
Norway's Klaveness Combination Carriers (KCC) has moved its Oslo IPO forward with the appointment of advisors. It said ABG Sundal Collier, Clarksons Platou Securities and SEB Corporate Finance have been retained in connection with the listing. KCC clears the way for share issue ahead of IPO KCC hit by Brazilian alumina plant force majeure KCC added: "In connection with the contemplated listing
- Bowsher puts his stamp on the West of England
After raising premiums, chief executive is ready for diversification
- Rotors predicted to double fuel savings on deepsea routes
Voyage optimisation is the key to getting the best out of wind-assisted propulsion, studies show
- Peter Anker leaving Clarksons board
Shipbroker Peter Anker is resigning as a Clarksons director in the summer, but will stay on in a part-time role. The company said the executive said he wanted to retire from full-time employment when he turns 62 in July. Anker and Nergaard sell additional Clarksons shares He will not be standing for re-election to the board in May. Chairman Bill Thomas said: "Peter has invested a huge amount o
- Bahri tanker in collision with naval ship
A Bahri tanker has been involved in a collision with a naval ship in Taiwan. The Central News Agency (CNA) reported that the navy will pursue compensation after the incident involving the 45,000-dwt chemical carrier NCC Sama (built 2012) and the frigate FF-938, which was damaged in the middle of its port side on Saturday in Keeluing. Nobody was injured, but the ministry of national defence said
- Clarksons profit down slightly after tough start
UK shipbroking giant Clarksons has announced a slightly weaker profit after a challenging start to 2018. Net earnings were £32.7m ($42.48m), from '34.4m the year before, with revenue growing to '337.6m against '324m. Administrative expenses were up at '282m versus '269m in 2017. Andi Case: 'Time to look seriously at tankers' The company said the "robust performance" was in line with expectatio
- Insolvent Tosmare Shipyard up for sale
The insolvency administrator of Latvia's Tosmare Shipyard has put its assets up for sale for EUR 2.163m ($2.44m). A notice on its website says the sale includes two drydocks, a floating dock and shipbuilding and repair equipment in Liepaja. A court had declared the yard insolvent in August last year, according to Dienas Bizness. Creditors are claiming EUR 4.16m. The yard was founded in 1900.
- Taiwan Navigation firms up kamsarmax newbuildings
Shipowner puts pen to paper on orders first reported by TradeWinds in December 2018.
- BW Offshore agrees to acquire stake in Brazil oilfield
Singapore FPSO operator says Maromba has potential to create "significant value" for shareholders.
- Norway's Awilco books repeat drilling rig order at Keppel
Oslo rig owner said option exercised on the back of "growing demand" for harsh environments rigs.
|MARCH 11, 2019|
- USMCA nations united on labor, environment provisions
People involved in U.S.-Mexico-Canada Agreement negotiations for all three countries on Friday gave a ringing endorsement of the pact's labor and environmental provisions, a hot topic as Congress expects to consider the deal in the near future.
- Alibaba buying $693 million chunk of delivery company
E-commerce giant Alibaba says it will deepen collaboration with the parcel delivery company STO Express
- 'Hardship' cited with new CBP form deadline
The NCBFAA responded with alarm to Customs and Border Protection's March 16 mandate to use the new "create/update importer identity form."
- Hyundai Heavy inks deal to buy Daewoo
Under the terms of the deal, Korea Development Bank will transfer its Daewoo stocks to a subholding company to be established by Hyundai Heavy in return for equity stake in the company.
- Utah senator introduces Jones Act repeal bill
Republican Sen. Mike Lee's Open America's Water Act would open U.S. domestic waterborne commerce to "qualified," non-U.S.-flag vessel operators.
- Rongsheng assets sold to Unique Orient
- FMC reviews 19 OTI license applications
|MARCH 11, 2019|
- China's Sinopec makes US crude purchases as trade summit looms
- US targets Russian bank behind Venezuela's 'petro' currency for violating PDVSA sanctions
- Russia's Gazprom Neft boosts marine fuel sales by 10%
- BP set to begin selling new 0.5% sulfur bunker fuel
- External: Praxis Energy Agents DMCC
- IEA sees 700,000 b/d of non-compliant bunker demand in 2020
- Shipping needs to set timelines now to be IMO 2020 compliant: WSM executive
"We're still in March; so all is not lost," Nigam said.