|MARCH 15, 2019|
- Boeing grounds entire fleet of 737 Max aircraft
- Box volumes at NY-NJ port remain strong during seasonal slow patch
- 14-metre draught restriction from March 29 at Panama Canal
- CyberLogitec to provide Opus Terminal operating system at BNCT
- NYK promotes seafaring career among Japanese youths
- Wan Hai Lines upgrades Japan to Straits services with larger ships
- Pirates kidnap 3 Romanian seamen from tanker in Gulf of Guinea
- FedEx Express wins major HK logistics award
- IATA cuts air cargo traffic growth rate due to US-China trade row, Brexit
- Sichuan Airlines Cargo starts first Chengdu-Brussels service
- TIACA summit to be held at Budapest airport in November
|MARCH 14, 2019|
- Maersk's India-focused OceanPro accelerates technology innovation in shipping & logistics
- Marc Van Peel given a fond farewell at Port of Antwerp's reception in Mumbai
- First Afghan shipment to India via Iran's Chabahar Port arrives at Nhava Sheva
- Port NOLA sets cruise passenger record
- MCA releases national guidelines on responsible business conduct
|MARCH 15, 2019|
- Looking southwest
- Lower track access prices and innovation impulses
- Swift delivery service for horse breeders
- Valais selects board member for BLS
- Turnover target - EUR 50 million in first year
- US seaports support diesel emissions reduction act
- Endangered birds fly onboard Air Seychelles
- Bolloré and CLS Logistics sign MOU in Ethiopia
- Switzerland: fewer trucks crossing the Alps
- Kögel reinforces team in Benelux
- Lufthansa Cargo reports positive trends in 2018
- Port of Virginia pushing intermodal in depth
- New regional CEO for Asia Pacific
- Connecting Duisburg DIT terminal to Poland
- Easy expands offering on its digital portal
- Land transport ramps up results
- "Curiosity of the Day"
- Mixed bag of results for European ports in 2018
|MARCH 14, 2019|
- Air freight must change: it's not ready to meet the growing demands of e-commerce
- DB Schenker-Einride partnership to begin driverless electric truck trials
- Seaspan turnover tops $1bn in 2018 and eyes an IMO 2020 bonus on the way
- Robust performance from DP World, with new acquisitions ready to make their mark
- Etihad chief remains bullish despite cargo unit continuing to struggle
- CMA CGM now controls 89.5% of Ceva Logistics after tender
- Don Colleran becomes new president and CEO of FedEx Express
- Supply chain radar: A CEVA Logistics de-listing on its way as investors jump ship?
- Alberto Nobis appointed DHL Express's chief executive for Europe
- Supply chain radar: Brookfield's $4.7bn Oaktree Capital deal - a sign of hard times to come in logistics
- Supply chain radar: Alibaba wants to make money in logistics where the risks are higher
|MARCH 14, 2019|
- Ingalls authenticates keel of LHA 8
The keel laying and authentication ceremony for the future USS Bougainville (LHA 8) was held at the Huntington Ingalls Industries' Ingalls Shipbuilding division (HII), March 14. The ship's sponsor, Ellyn Dunford, spouse
- RMK Merrill-Stevens Shipyard launches Electronic Systems Division
The RMK Merrill-Stevens Shipyard, Miami, is adding a new Electronic Systems Division and has hired experienced electronic systems integrator David Gratton, to oversee and manage the division. Gratton's career in electronics began
- Finland's Alfons Håkans orders two icebreaking escort tugs
Turku, Finland, headquartered Alfons Håkans has signed a contract with Turkey's Sanmar shipyard for the construction of two ice class 67-ton bollard pull ASD tugs. Designed by Robert Allan Ltd., they will
- Crowley promotes Ira Douglas to VP, Labor Relations
Crowley Maritime Corp. has promoted Ira Douglas to vice president, labor relations, to lead the company's relationships, operating agreements and partnerships with unions representing seafarers, terminal stevedores and truck drivers. Douglas, formerly
- Scorpio Bulkers in seven ship sale and leaseback deal
Scorpio Bulkers Inc. (NYSE:SALT) has agreed to sell and leaseback three Ultramax vessels (SBI Pegasus, SBI Subaru and SBI Ursa) and four Kamsarmax vessels (SBI Lambada, SBI Macarena, SBI Carioca and SBI
- BC Ferries plans to build five next gen ferries
BC Ferries is planning to build up to five new ferries that will replace four existing ships. The new ferries will potentially add capacity to the Metro Vancouver - Vancouver Island routes
- Totem Plus systems to be supplied with Naval Dome cyber protection
Automation and navigation system specialist Totem Plus has signed a license agreement with Naval Dome for use of its maritime cyber security software across a range of its advanced solutions. Under the
|MARCH 14, 2019|
- PDVSA's woes deepen
A legal source says PDVSA's fleet is now in danger of being arrested beyond Venezuelan waters due to unpaid fees...
- Grimaldi focus on pollution after vessel sinks off France
Grande America sank with 2,210 vehicles and 365 containers, 45 of which were IMO-classifed hazardous
- MSC and Fincantieri finalise cruiseship order
The four 64,000 gt luxury cruiseships will be delivered to MSC between 2023 and 2026
- Willis Towers Watson hires Marsh's Ripton
David Ripton has more than 30 years' experience in marine insurance
- Belships gets loan to expand fleet
Dry bulk owner is seeking to grow its supramax and/ or ultramax fleet after merger with the Lighthouse group of...
- Finnlines boosts green investments
The Emannuele Grimaldi-led firm's annual profits surpass $100m as firm mulls ro-pax orders
- Between the Lines: Carrier results show benefits of scale
Liner shipping has increasingly become a size-driven industry, with the smaller carriers recording most of the losses
- Maersk to set own hull pricing as more insurance switched to captive
Recent major casualties on Maersk ships include a fire on Maersk Honam last year, a collision involving chemtanker Carla Maersk...
- Scorpio Bulkers agrees sale-leasebacks for seven vessels
Deal with CMB Financial Leasing is among moves to boost owner's liquidity
- Changing Lanes: Box lines horizontal integration reaches climax
A flurry of mergers and acquisitions over the past five years has seen the number of truly global liner operators...
- Automation is changing the fortunes of ports
While concerns about job losses are at the top of the ILWU's agenda, other countries are preparing the next generation...
- Suezmax tonnage taking more Russian barrels
The total tonne mile demand being created in the suezmax Russian crude oil export market is now almost on par...
- Viewpoint: Fit for purpose
Accidents attributed to the bad design of equipment tend to involve advanced technology, rather than the tried and tested
- Daily Briefing
IMO confronts fraudulent vessel registrations | Seaspan rules out Long Beach Container Terminal purchase | Schedule reliability plagues shippers and...
- MSC Eloane a vote of confidence for the US west coast
Big alliance player MSC's deployment of an ultra large container vessel on the USWC trade is seen underscoring the continuing...
- US fines importers for breach of emissions rules
The US Clean Air Act prohibits the importation or sale of any new engines or vehicles unless they are certified...
- ILWU wins political support in fight against automation
Los Angeles County Democratic Party has issued a resolution that 'supports the efforts of the International Longshore and Warehouse Union...
|MARCH 14, 2019|
- CSX rolling out truck reservation system
- Pay hikes cut US driver turnover at big truck fleets
- CMA CGM extends India rail reach
- Cooling US project outlook spurs investment overseas
- China backing to fuel Trieste competition with Piraeus
|MARCH 14, 2019|
- Ripton leads marine at Willis Towers Watson
Willis Towers Watson says appointment will help expand global marine business
- Yard capacity squeeze set to push up newbuild prices again
Cost of ordering likely to rise further due to shipbuilder numbers shrinking after 10% rise in 2018, BRS says
- Record orders for cruiseships as passenger numbers keep rising
Broker BRS says China remains 'next logical growth reservoir' as sector proves resilient and flexible
- MPCC's Baack stays calm as main lines eat into feedership market
Outlook for the sector comes under scrutiny after Oslo-listed firm's share price slumps
- MPC Capital tops 2018 containership buyers' table
MPC Capital crowned top buyer in market that is starting to feel the effects of IMO 2020, says leading French broker
- Canada Steamship in $48m swoop for Scorpio Bulkers kamsarmax brace
Canada Steamship Lines is tipped to have splashed out on a pair of kamsarmax vessels from Scorpio Bulkers in what would be its largest move in the sale and purchase market. Scorpio Bulkers on the attack with vessel sale proceeds Scorpio Bulkers sells two kamsarmaxes New York-listed Scorpio sold the 82,000 dwt SBI Electra and SBI Flamenco (both built 2015) this week in a $48m move which builds t
- Solomon Trader salvage turns into wreck removal exercise
Hull loss after grounding will end up being only a fraction of the escalating claims emerging from Pacific island disaster
- Thenamaris poised to net lone LNG carrier for EDP tender
Greek shipowner Thenamaris is emerging as the top pick to scoop a multi-year charter deal for a single LNG carrier from European electricity supplier Energias de Portugal (EDP). Brokers name Thenamaris as the likely winner of the EDP tender but say compatriot TMS Cardiff Gas and Norway's Knutsen OAS Shipping were also in the running for this business. Contracts are expected to be signed within w
- ExxonMobil scouts yards and owners for ice-class aframaxes
ExxonMobil is scouting shipyards and shipowners for up to four ice-class aframax tankers. Industry sources said the US energy major is tendering for offers on two ice-class 1A tankers capable of bow-loading, with an option on a further two vessels. Samsung and Zvezda form shuttle tanker JV They indicated that Samsung Heavy Industries is well placed for this type of business, and they name Teeka
- Wanted: Owner to take six VLEC newbuilds for Chinese charterer
Zhejiang Satellite Petrochemical appeals for 'financially strong' shipowners to make charterback deal for South Korean vessels worth more than $745m
- Belships rings in $140m loan for new era expansion
The financing has been secured from a consortium of Scandinavian lenders
- Cargoship partially submerged off Turkey
All six crew are reported to be safe after their general cargoship partially sank off Turkey. Deniz Haber reported that the 1,700-dwt Yusuf Celal (built 1978) went down off Marmara island on Wednesday. The circumstances of the incident are not clear. The vessel is operated by OF Shipping & Trading Co of Turkey, which has been contacted for comment.
- China Merchants chairman declares "worst for offshore shipbuilding over"
Li Jianhong is showing more confidence in the depressed sector after group affiliates signed a four-rig deal with Shelf Drilling.
- Mississippi River closed after tugboat sinks in Louisiana
The US Coast Guard has closed part of the Mississippi River in Louisiana after a tug sank this morning. The closure is from mile marker 224.5 to mile marker 226 near Baton Rouge. The agency closed the river after the tug Michelle Anne sank in the Baton Rouge General Anchorage at 11 a.m. Thursday morning. The four crew members were rescued by a nearby tug and no injuries were reported. The Coa
- MSC confirms $2.3bn cruiseship order
MSC and Fincantieri have finalised contracts for four luxury cruiseships worth more than EUR 2bn ($2.3bn). Pierfrancesco Vago, executive chairman of MSC's cruises division, said: "With this now firm order, MSC is entering a new segment that bears significant potential globally. MSC Cruises inks four-ship deal worth $2.3bn "While we already serve the premium market with the MSC Yacht Club featur
- Niovis Shipping says reports of Oxygen sale are full of hot air
Niovis Shipping of Greece has denied reports it has disposed of a 10-year-old supramax bulker. US brokers say the company has disposed of its 55,000-dwt Oxygen (built 2009), with the Mitsui Engineering & Shipbuilding-constructed ship understood to have gone for $13.5m. That is below VesselsValue's $12.9m estimate for a vessel of Oxygen's characteristics, but within Maritime Strategies Internatio
- KNOT Offshore appoints new CEO
New York-listed shuttle tanker owner KNOT Offshore Partners has found a successor as CEO to John Costain. The company said that Gary Chapman will take on the role from 1 June, as well as becoming CFO like Costain. KNOT Offshore's John Costain stepping down The company announced Costain was stepping down last November to pursue other interests, but was staying on through to May while a new boss
- Panama de-flags 60 Iranian, Syrian ships
The return of US sanctions has seen Panama de-flag a fleet of Iranian tankers. This is according to an Iranian official cited by Reuters. Iran working on order for 10 VLCCs The vast majority of the country's tankers had been registered in Panama previously. A source at Panama's flag registry said the cancellation "affects approximately 60 Panama-registered ships that are related to Iranian and
- TNG secures more MR tanker cover
Croatia's Tankerska Next Generation (TNG) has fixed out another of its MR tankers on a period charter. Trafigura moves for TNG MRs The company said the 53,000-dwt conventional ice-class ship Velebit (built 2011) has won a year's deal at $14,500 with a prominent charterer. "Additionally, the charterer has an option to extend the contract for an additional eight months at approximately $15,500 pe
- Scorpio Bulkers seals seven-ship sale and leaseback deal
After testing the water last month with a kamsarmax transaction, the Emanuele Lauro-led company has signed a seven-ship deal
- Glencore loses appeal after aframax arson
Cargo owner Glencore has failed in a $3.8m appeal relating to damage caused to an aframax tanker by a fire that was deliberately started by a crew member. The UK court of appeal upheld last year's commercial court judgement that a shipowner is protected by the "fire defence" under the Hague rules even when a fire is caused by a deliberate act by a seafarer. This is a definitive ruling exempting
- Otto Tidemand and family looks to cut Stove Shipping fleet
Otto Gregard Tidemand and his family are looking to potentially trim the number of ships in Stove Shipping - their private company - by selling a supramax bulker. T he company is denying broker reports that it is selling the 58,000-dwt Stove Caledonia (built 2010) for $14.3m. That price for the Tsuneishi Shipbuilding-constructed ship would be in line with the $14.6m fetched for a similar vessel
- Cash-strapped shipbuilder HHIC-Phil halts production
Subic yard has been mothballed as government seeks White Knight after striking a deal with creditors
- CMB keen to secure its four newbuildings at HHIC-Phil
CMB managing director Alexander Saverys says his company is cooperating with receivers to take delivery of four LR product tankers it has on order at Hanjin Heavy Industries & Construction Philippines (HHIC-Phil) in Subic Bay. The claim by the executive of the Belgian shipowner comes amid speculation that the troubled yard wants to sell the ships. "We are talking to the receiver of the yard to s
- Stolt-Nielsen predicts chemical tanker turning point this year
A distinct upturn in the chemical tanker market awaits next year, Stolt-Nielsen says. Oslo-listed Stolt is typically cautious in its outlook but expects a turning point for freight rates to arrive this year. Stolt-Nielsen reveals progress on 2020 fuel charges and tanker leaseback deal Tankers drag Stolt-Nielsen profit below forecasts Stolt-Nielsen wins upgrade following post-summer selloff Ni
- CMA CGM wins 89.5% of CEVA
French line CMA CGM now controls nearly 89.5% of Swiss group CEVA Logistics following a tender offer. Saade steers CMA CGM in new direction with CEVA purchase The shipowner is paying CHF 30 ($30.25) per share to raise its holding from 33% in a deal valuing the logistics player at $1.66bn. An additional acceptance period will begin on 20 March and run until 2 April. CMA CGM also announced new p
- Tristar hints of possible IPO
Middle East oil logistics and shipowning giant says public listing could help it meet its growth aims.
- BlueMountain continues International Seaways sell off
Investor still remains a major stakeholder.
- Margaronis builds Diana Shipping stake
Diana Shipping president Anastasios Margaronis has increased his stake to 6% with two stock awards. Diana Shipping fixes cape with Cargill An SEC filing revealed the executive's Anamar Investments now owns 6.26m shares worth $17m. In January, Anamar received 0.66m shares from Ironwood Trading and 1.52m from Corozal Compania Naviera in a pro rata distribution to shareholders. Last month, it was
- Lundqvist gets healthy price for vintage aframax tanker
Lundqvist Rederierna has found a trading buyer for a 20-year-old aframax tanker. The 99,000-dwt Hildegaard (built 1999) has been the oldest tanker in the Finnish owner's fleet, and the ship has reportedly gone for a higher-than-expected $8.7m. VesselsValue says a ship of the DSME-built Hildegaard's characteristics is worth $7.5m, while Maritime Strategies International puts the value at $6.7m
- BSM: working with Venezuela 'almost impossible'
Bernhard Schulte Shipmanagement (BSM) has confirmed it will hand back all the tankers it manages for Venezuela's PDVSA, saying it has become "almost impossible" to work with the government. The manager is reported to operate 13 ships owned by PDVSA and two VLCCs jointly owned by the oil company and China's PetroChina. PDVSA: "We are still working with BSM" PDVSA declares maritime emergency BSM
- Daewoo Shipbuilding & Marine Engineering to sign off with second successive profit
Daewoo Shipbuilding & Marine Engineering has rung up a profit in its final full year before being taken over by Hyundai Heavy Industries. Riots and new CEO for DSME as HHI merger sealed Politics, price and succession shape Hyundai Heavy and Daewoo mega-merger Seoul-listed DSME today reported its profit for 2018 was down from the previous year but the result did mark a second successive year in
- Vale dam disaster demand impact sees Cleaves slice capesize rate forecasts
Tangible impacts from the tragic collapse of a Vale dam in Brazil have led Cleaves Securities to slice its capesize rate forecasts. Analyst Joakim Hannisdahl is now projecting negative demand growth for capesize bulkers this year and expects a short-term slump in asset values. Hannisdahl, who has a punchier view of smaller bulk carrier trades, however, notes much of the negativity around the sec
- Investor pumps $5m into Globus
Greek bulker owner Globus Maritime has sealed a deal with a private investor to sell a convertible notes issue worth $5m. Chairman Georgios Feidakis said: "This infusion of capital strengthens the company's balance sheet. We are pleased to again demonstrate investor confidence in the company." The series carries interest at 10%, which can be paid in shares. Feidakis sheds $2m worth of Globus Ma
- Middle East offshore treading water, but heading in the right direction
Fragmented ownership is leaving regional offshore players at a significant disadvantage, says leading expert in the region's offshore oil and gas sector.
- Lines lean on lease financing to back orders for containerships
Maersk Line has confirmed lease-financing deals for 13 feeder containerships to be built at Chinese and Japanese yards for its intra-Asia network. The Danish liner giant said it will charter a series of 2,200-teu vessels that will be owned and fully financed by third-party vessel leasing companies. Industry sources said Maersk Line is teaming up with ICBC Financial Leasing on an order for five f
- Second Greek FSRU project begins to take shape
The Vardinoyiannis family has obtained a licence to install a floating storage and regasification unit off Greece, making it the second such terminal under development for the country. The licence covers an FSRU with a length of up to 300 metres and displacement of 80,000 dwt. It calls for capacity to be between 135,000 cbm and 170,000 cbm in four Moss-type tanks. Two regasification units are to
- Norient Product Pool takes fourth World Tankers MR
Danish shipowner Norden is expanding its Norient tanker pool by taking another MR product tanker on time charter. Norient Product Pool has reportedly fixed the 50,000-dwt Arendal (built 2010) for a year from Greek shipowner Polys Haji-Ioannou's World Tankers Management. Jan Rindbo: sale and purchase still part of Norden's DNA in asset light era Brokers said the company is paying $13,750 per day
- Supramax purchase takes Diligent fleet to 13 bulkers
Latest buy of Japanese-owned vessel lifts Greek owner's presence in dry bulk
- Salvors plug Solomon Trader oil spill
Insurer Korea P&I says it is close to ending further spills from grounded bulker.
- Layups reach 183 OSVs at Bourbon
French owner Bourbon has revealed it had 183 of its 500 OSVs stacked in 2018, but it said this number has now stabilised. A "timid" market recovery means it has begun to reactivate some units, it added. It had 178 of 511 vessels laid up in 2017. Bourbon sells duo to expanding Glomar The net loss last year was cut to EUR 457.8m ($518m) against EUR 576.3m, as operating costs continued to fall.
- Maran Tankers declares suezmax option
John Angelicoussis-backed Maran Tankers' has declared its final suezmax option at Korea's Daehan Shipbuilding. The yard said on Thursday that the last ship of four, a 157,000-dwt tanker, has been firmed up with the Greek owner. Maran Tankers' firmed option kick-starts Daehan's year The Haenam-based shipbuilder had said in February that Maran signed up for a suezmax by exercising an option it he
- Iran warns Israel against tanker disruption
Iran has warned Israel it will respond firmly to any attempts to block crude shipments. Israel had said its navy could take action against what it claimed was Iranian smuggling to evade US sanctions. Iranian state news agency IRNA cited Iran's minister of defence Amir Hatami as saying it had the military capabilities to confront any Israeli intervention. Hatami said any such moves would be cons
|MARCH 14, 2019|
- Fuel spill from sunken Grande America 10 kilometers long
The Grimaldi Group ship was carrying about 2,200 tons of heavy fuel oil when it sank Tuesday in the Bay of Biscay.
- House Homeland Security clears two CBP bills
The bills introduced by Rep. Xochitl Torres Small, D-N.M., and Rep. Clay Higgins, R-La., focus on bolstering CBP staffing.
- Diaz-Balart: Florida ports should tap into grants in 2019
|MARCH 14, 2019|
- Shell New Energies aims to be No. 1 in power by 2030
- Venezuela production woes tightens US supply outlook, pushing WTI to new high
- Dueling US oil sanctions give India unexpected leverage
- BSM aims to return management of Venezuelan ships to Gov by April due to sanctions
"Our intention is to try and hand back all the vessels to PDV Marina and its subsidiaries as soon as practically possible," a BSM official said.
- Iraq's SOMO to boost spot sales of crude oil, open Singapore office
Opening of its Singapore office will be a major step to penetrate the market in Asia,Al-Shatari said.
- FEATURE: Asian traders stockpiling low sulfur fuels ahead of IMO shift
"The stocks are mainly low sulfur fuel oil components," a trader said.