|MARCH 22, 2019|
- Lighthizer, Mnuchin to visit China next week to conclude trade talks
- German Chancellor Angela Merkel won't ban Huawei from 5G auction
- Chinese New Year dragged down LA, Long Beach results
- Long Beach starts development of 'green' features to clean air
- Shipping lines fearful as more ban open loop scrubber wash water
- Old, high-burning ships bound for recycling as IMO 2020 looms
- US universities cut ties with Huawei over suspicions of espionage
- Panama Canal joins global alliance to support low carbon shipping
- Ballast water management course from Lloyd's Maritime Academy
- BIO-UV Group secures worldclass ballast water treatment order
- Air cargo in tailspin as shippers seek to low labour cost hotspots
- Boeing exec re-assures IATA symposium freighter role will expand
- Safe transport of lithium batteries needs to be tackled: IATA chief
|MARCH 21, 2019|
- A.P. Moller-Maersk announces completion of sale of ordinary shares in Total S.A.
- AMTOI Youth Council's inaugural event focuses on importance of training when handling dangerous cargo
- PSA International & others to jointly acquire 100 pc of DCT Gdansk in Poland
- Standard operating procedure consequent to commencement of "document Processing Area" in the parking plaza & gate automation for export & import through NSICT/NSIGT, GTI & JNPCT
- Tiger Logistics organises health check-up camp at ICD-Tughlakabad
- Nominal export growth in Feb. attributed to increasing protectionism & tough global conditions
- East Coast Maritime Forum & Eastern Star Awards 2019 see key sectoral players gather in strength to discuss vital issues & applaud excellence
|MARCH 22, 2019|
- Multi-faceted Africa
- A fifth of driver positions unfilled, IRU says
- Rhenus acquires WNL to establish network in South Africa
- Aapa elects Gary G. Nelson as its next board chairman
- Road haulage and railfreight continue to grow
- American Airlines Cargo chilling with Jettainer
- West of England - positive about the future
- Forward Air acquires FSA Logistix Americas
- Air Charter Service opens new office in Shanghai
- PISR and HSSA join forces
- Qatar Airways adds 250th aircraft
- 600 box containers to expand intermodal business
- U-Freight launches e+
- "Curiosity of the Day"
- Zufall gains Iata accreditation for its Haiger branch
- Rail Link starts port's rail operations in USA
- SF Airlines broadens physical and digital footprint
- Sturdy ships for Royal Arctic
|MARCH 21, 2019|
- Noatum Maritime sets up MIQ Logistics purchase
- NYK secures multi-billion yen 'green loan' to buy scrubbers for its ships
- Time to act, says IRU, as truck driver shortage spreads across Europe
- Technology and data sharing can mitigate the risks of carrying dangerous goods
- Carriers and ports and shippers lock horns as EC reviews liner block exemption
- Rhenus snaps up two forwarders as it spreads its global footprint
- Government 'gagging orders' have 'undermined business preparation for no-deal Brexit'
- Cosco gets approval for 25,000 teu ship design, but will it be built?
- Supply chain radar: DSV & XPO Logistics: same same but different
- Supply chain radar: UPS hasn't caught FedEx's bug
- Under the radar: Meep meep - has Roadrunner rescued its balance sheet?
|MARCH 21, 2019|
- BAE San Diego books $41.2 million Navy contract
BAE Systems San Diego Ship Repair, San Diego, Calif., has ben awarded a $41,895,897 contract for the execution of USS Anchorage (LPD 23) fiscal 2019 selected restricted availability. BAE will provide the
- Hybrid RoPax will deliver 50% cut in CO2 emissions
The new Wasaline RoPax ferry under construction by Finnish shipbuilder Rauma Marine Constructions (see earlier story) will have a hybrid propulsion solution combining dual fuel (LNG/biogas and diesel/SCR) machinery and batteries, connected
- KVH extends mini-VSAT broadband coverage
Middletown, R.I., headquartered KVH Industries, Inc., (Nasdaq: KVHI), reports that it has expanded its mini-VSAT Broadband HTS network to the Pacific Ocean via the Horizons 3e satellite, which is jointly owned by
- Simsite pumps picked for Staten Island Ferry newbuilds
Hoboken, N.J., headquartered Sims Pump Company reports that it has been awarded a multi-million dollar contract to supply Simsite structural composite pumps for the series of three 320 ft Ollis Class ferries
- Svitzer christens latest tug in its Port of London fleet
Maersk group towage subsidiary Svitzer held a ceremony on the River Thames today to officially christened Svitzer Meridian as the latest - and tenth - vessel in its Port of London fleet.
- Damen Yichang cuts steel for LNG bunkering vessel
Damen Yichang Shipyard, China, has cut steel for the first of a planned series of short-sea LNG bunker vessels to be built for Eesti Gaas of Estonia. The 6,000 cu.m capacity vessel
- New solution enables remote survey of DP systems
Kongsberg Maritime, Bureau Veritas and offshore services provider Bourbon have successfully tested a new solution for remotely auditing the performance and integrity of DP (Dynamic Positioning) systems Developed by Kongsberg in collaboration
- TT Club: There's a major container fire every 60 days
This month's sinking of the Grimaldi Group's Grande America is just the latest in a long string of high profile incidents in which serious fires have broken out in cargo containers. According
|MARCH 21, 2019|
- China fund linked to west Africa FLNG project
The floating gas units will be leased to New Age and be deployed off Cameroon and Congo
- Rising bunker and charter costs send Zim into red
Despite improved revenues on the back of record-breaking volumes, Zim slumps to loss in 2018
- Iran oil exports on the rise as national tanker fleet reflags
The revival in Iranian oil shipments in February coincides with 36 National Iranian Tanker Co tankers switching their flag registry...
- Norway may extend scrubber ban
Nordic American Tankers used the latest ban by Norway to justify its view about not investing in the exhaust gas...
- Shipping businesses must learn how to collaborate
Speakers at the opening panel session at the Informa Connect Green Ship Technology/Shipping 2030 conference in Copenhagen identified collaboration as...
- Euronav says 2019 will be 'turning point in the freight market'
Company confirms $110m loss for 2018 but fourth quarter smoothens the landing. It believes the dynamic between supply and demand...
- Hutchison Ports revenue climbs despite flat volumes
Hutchison says its diverse portfolio ensures that it is well placed to respond to supply chain shifts that may stem...
- HMM launches $136m scrubber fund
New $136m fund will allow for retrofitting of exhaust-cleaning equipment on 19 vessels and new systems on newbuilding fleet
- Vale suspends operations at Alegria mine
The miner expects the maximum potential impact from the stoppage to be no more than about 10m tonnes of iron...
- ATI posts record volumes on resilient economy
The rebounding Philippines economy pushed ATI to record volumes in 2018, which in turn drove net income 16% higher to...
- Viewpoint: Stuck in the bunkers
A degree of unacceptable risk is attached to the taking of bunkers, with the onus on operators to prove the...
- Daily Briefing
IMO under pressure to tighten 2020 reporting | EU challenges governments to prove sulphur cap enforcement | PSA's Polish project...
- Container safety campaign focuses on dangerous goods
TT Club's Cargo Integrity campaign focuses on safety issues related to the incorrect processing of dangerous goods
- NWSA sees decreased container imports along with other West Coast ports
The falling volumes at NWSA are much in line with the experience of other US West Coast ports
- Dwell time slackens in the San Pedro Bay ports for now
Cargo owners were in a rush to ship everything quickly to beat the start of the tariffs implementation and that...
|MARCH 21, 2019|
- Montreal's Viau terminal to nearly double capacity
- Higher 'accessorials' raising costs for US shippers
- Savannah, Houston drive Asia import shift to East Coast
- Arviem linking visibility with trade financing
- Low-sulfur fuel supply fears wane; price still unclear
- Energy, industrial sectors inject MPV/HL demand
|MARCH 21, 2019|
- Dieter Berg joins internet of things company Concirrus
Ex-Munich Re executive to help promote big data to the marine insurance industry - and win over cynics
- Run of multi-month charters injects energy into LNG market
But fresh transactions have yet to revive flagging spot market rates as tonnage overhang continues
- Sasaki Shipbuilding plans to break into LNG segment
Hiroshima-based yard targets orders for small LNG vessels with type-C cargo tanks
- Bulkers Shipbroking split spawns new S&P and newbuild brokerage in Greece
Shipbroker Koulis Theodorakakos, co-founder of Bulkers Shipbroking Co, has left the company, taking another four of its employees into a new shipbroking venture with him. Anchor Shipbroking Inc, the new outfit he founded, has started operations in Piraeus. Theodorakakos's partners in the venture are Michael Spiliopoulos, Kostas Theodorakakos, John Tsigaridis and Stavros Zaglakas - all formerly a
- M/Maritime fleet grows again with kamsarmax bulker buy
Greece's M/Maritime has added a Japan-built kamsarmax bulker to its fleet, according to brokers' reports. The Athens-based owner has purchased the 81,100-dwt Puppis Ocean (built 2014) from Mitsubishi Corp's Singapore subsidiary Diamond Star Shipping for a reported $24m. VesselsValue.com estimates the ship's current market value to be around $22.05m. Barely two years old, M/Maritime has grown i
- Celsius Shipping cuts new turf in the product tanker market with Interorient deal
Jeppe Jensen has again taken Celsius Shipping into new territory with the purchase of an LR2 tanker from Interorient, brokers say. Celsius Shipping grows MR tanker fleet with ship number seven Celsius Tankers adds two more LNG carriers at Samsung While the deal sees Celsius enter the sub-sector, Interorient will exit the niche with the sale of what is its largest tanker. Shipbrokers have this
- Hyundai Mipo Dockyard poised to net second raft of Project Solar tankers
A lone shipowner is in final talks with South Korea's Hyundai Mipo Dockyard (HMD) for up to eight MR tankers, which are being discussed under Shell's huge Project Solar order for up to 30 newbuildings worth more than $1.2bn. Shandong Shipping steps up to order tankers for major Shell newbuilding project Shell sweeps into market for 30-strong tanker newbuild haul Newbuilding brokers say discus
- Night out ends in rescue for drunk crew
A drunken night out ended in a rescue mission after three seafarers from a Russian cargoship were stranded on an island off the UK. The crew from Russia, the Netherlands and the Philippines, had been out on the town in Barry, Wales, on Wednesday night. They were reported missing from their anchored vessel off Minehead and a major search and rescue was launched. It turned out they had taken the
- Zim heads further into the red due to impairments
Israeli container line Zim has steamed further into the red for 2018 despite rising revenue. The boxship owner said the net loss was $46m in the fourth quarter, including an impairment loss of $38m relating to vessels classified as held-for-sale. This compares to a deficit of $9.7m a year ago. Zim confirms containership demolition sale The annual loss was $119.9m, against profit of $11.4m in 2
- Global Ship Lease aims for reverse stock split
London-based Global Ship Lease (GSL) is to carry out a reverse stock split to boost its price. The NYSE-listed owner will combine eight shares into one, cutting the outstanding number from 79.5m to 9.9m. It received a notice in November that it was no longer in compliance with the NYSE's continued listing standards due to its price being below $1 for 30 consecutive trading days. The stock was
- Vitol, GoodFuels step up biofuel drive
Vitol-backed Varo Energy and GoodFuels are stepping up their biofuel drive for shipping. Varo subsidiary Reinplus Fiwado Bunker (RFB) and the Dutch producer have extended a partnership forged last year to improve availability of biofuel oil (BFO) to deep sea vessels leaving from Rotterdam. CMA CGM to trial biofuel for boxships Varo will help boost the sourcing, production, blending and distribu
- Millennial delivery bubble will help VLCC demolition pop
The clock is ticking on 100 VLCCs despite expectations of a rising freight market, according to one leading shipping analyst. Greg Lewis of BTIG has walked back his own belief large tankers are only scrapped when rates are below mid-cycle levels. VLCC scrapping set for respite before regulation-driven spike Tanker scrapping hits highest level in over 30 years Rodgers urges owners to drain mark
- MSC charters Zodiac Maritime boxship newbuilding quintet
First five in series of 13 neo-panamax vassels expected to be fitted with dual-fuel engines and Hyundai-designed scrubbers
- Shandong Shipping to delist from Chinese OTC market for overseas IPO
The $2bn owner, controlled by local authorities, has taken another step towards a fully fledged listing.
- SunStone Ships poised to order more cruiseships at China Merchants Heavy Industry
Boss Niels-Erik Lund praises China Merchants and Ulstein for high quality workmanship as first in series is launched
- GasLog newbuilding secures long-term charter with Endesa but will trade spot in 2019
GasLog has secured long-term employment for another of its LNG carrier newbuildings, this time from a Spanish utility company. Endesa has booked the 180,000-cbm GasLog Warsaw for a firm period of eight years, commencing in May 2021, plus two optional extension periods of six years each. The newbuilding is expected to be delivered from Samsung Heavy Industries in July this year, when it will begi
- Russian cabotage move places Zvezda LNG carrier order in doubt
A Russian cabotage exemption decree has placed a question mark over Novatek's order for 15 LNG carriers at the domestic Zvezda Shipyard. Zvezda Arctic LNG 2 newbuild subsidies could hit $875m The producer will be able to export Yamal LNG through the Northern Sea Route on foreign ships, according to a decree signed by prime minister Dmitry Medvedev this week, the Vedomosti daily report. A total
- Anthony Veder boosts fleet with triple buy in one week
Dutch shipowner heads into leading position among small-scale LNG carrier players
- Private equity overhang gives shipping shares a hangover
Stockholders that are still stuck in large positions years after jumping in during the last market downturn can now make investors wary of betting on listed owners
- Vale and Cyclone Veronica deliver fresh blows for depressed dry bulk market
Vale has delivered more bad news for the capesize market at a time Cyclone Veronica is set to whip up some short-term headwinds off Australia. Golden Ocean stock springs back with Vale iron ore volumes set for boost Vale puts capesize bulker on the market as scrapping accelerates Andi Case highlights 'massive misvaluation' of shipping companies in capital markets While word of the pending retu
- Nes optimistic after fixing PSV trio
Norway's SD Standard Drilling is hopeful of better times ahead for the platform supply vessel (PSV) market into the summer after finding new work for three vessels. Standard Drilling fixes final PSV on term deal It said it had signed deals amounting to up to 470 firm days, with options for another 265 days. Terms remain confidential, but the owner said they would result in positive EBITDA after
- Berge Bulk and Vale scraps bulkers in hot demolition market
Berge Bulk and Vale have wasted no time in selling a giant bulk carriers for demolition in a hot market. The Singaporean shipowner and the Brazilian miner placed ships on the market earlier this week and are now understood to have sales in place. James Marshall's Berge Bulk has sold the 263,000-dwt Berge Manaslu (built 1992) at a price of $457.50 per ldt, translating to more than $18m. It comes
- Scrapping over green recycling is well worth the prolonged fight
Leading yards show that safe and environmentally sound ship demolition makes good business sense - and owners who dodge their obligations should be named and shamed
- Russia prepares to start up new LNG production plant
A new Baltic-based LNG production plant is expected to export a first cargo within weeks as Russia starts to supply its first volumes aimed at the LNG bunkering sector. Russian energy company Novatek, which is working with Gazprombank on the project, has started production at its Cryogas-Vysotsk LNG plant. The 660,000-tonne-per-annum facility is 150 kilometres (93 miles) north-west of St Petersbu
- FFA market turns back clock with new Baltic grains route
Brazil-China soybean route intended to herald a fresh FFA liquidity, says FIS boss John Banaszkiewicz
- Moundreas-backed NGM Energy sheds 21-year-old suezmax tanker
Moundreas family company NGM Energy is disposing of a 21-year-old suezmax at a firm price. The 159,200-dwt La Mer (built 1998) is being sold to unidentified buyers for $11.1m, Greek brokers reported earlier this week. NGM Energy declined to comment. NGM locks aframax tankers into one-year time charters The sale price is not far below the $14.5m Moundreas spent to purchase the vessel more than
- d'Amico International Shipping in $50m equity raise backed by founding family
Italy's d'Amico family is supporting a second equity raise by d'Amico International Shipping in three years. Major shareholder d'Amico International SA is underwriting a $50m share issue, which follows on from a similar move in the summer of 2017. d'Amico International Shipping extends renewal with sale of joint-venture tanker d'Amico International Shipping eyes share issue Paolo d'Amico, chie
- Court management confirmed for yard group JES
Singapore-listed shipbuilder JES International Holdings has had its judicial management application accepted. The Chinese group has been placed under the court-led management of Yit Chee Wah from FTI Consulting. Yit previously oversaw the judicial management of bulker owner Mercator Lines, which ended in the winding up of the company. Trading in JES shares has been suspended on the Singapore Ex
- SITC linked to Johs Thode boxships
SITC has been linked to an en-bloc purchase of two boxships from Germany's Johs Thode. Brokers said the 1,049-teu Hanse Endurance and Hanse Energy (both built 2008) have gone to the Asian line for $7.8m each. VesselsValue assesses them as worth $6.83m and $6.77m respectively, suggesting a firm price and a buoyant market for second-hand feederships. The vessel were built at Dae Sun in Korea. Th
- Rogue waves getting bigger off US
Potentially deadly rogue waves are getting bigger off the US, a scientific study has found. The research, published by Nature, studied the ocean off the west coast using 15 buoys between 1994 and 2016. "Rogue wave occurrence displays a mostly decreasing trend, but the relative height - or severity - of the waves is increasing," the study said. "We also identify seasonal intensification in rogue
- HMM launches $136m scrubber fund
Korean owner HMM is launching a scrubber installation fund with a range of domestic partners. It said the "win-win" financing also involves state financier Korea Ocean Business Corporation (KOBC) and Hyundai Corporation, as well as SK Trading International (SKTI). DSEC, PANASIA and Multi Asset Global Investments are also taking part. The total investment is KRW 153.3bn ($136m), with HMM pumping
- Gibson rejigs LNG play but presses pause on spot business
Gibson Shipbrokers is retreating from the LNG spot market but has bolstered its consultancy offering and is biding its time on when to expand in the sector going forward. Managing director Nigel Richardson confirmed to TradeWinds that his daughter, Lucinda, who had been fronting up the brokerage's LNG activities for the past three years, has left the company to spend time in Australia. Howe Robi
- Tufton Oceanic Assets dismisses demand headwinds with further growth in store
Tufton Oceanic Assets has dismissed slowing global demand growth as a manageable headwind in an ongoing shipping market recovery. London-listed Tufton will continue to expand its fleet despite a dip in demand expectations, with opportunities identified in three segments where it is already active. Tufton Oceanic raises $50m for more buys Tufton Oceanic Assets bullish on investment opportuniti
- Turkey to relax Dardanelles transit rules for tankers
Government group works to smooth traffic flows after congestion peaked last month
- UK faces paying out millions more in Brexit ferry fiasco
Not content with having to pay Eurotunnel £33m ($44m) to settle a court case brought as a result of a "secretive" award of ferry contracts in the event of a no-deal Brexit, the UK is now facing an even bigger bill. It could have to pay another '28m if, as seems almost certain, parliamentary deadlock means its exit from the European Union is delayed past the 29 March deadline. Transport minister
- Boxship 'troublemakers' are worst carbon culprits, says Greek study
Containerships 'comprise 18% of tonnage but are responsible for 38% of global fleet's GHG emissions'
- Turid Sorensen claims she was silenced by NAT boss Hansson
Former Nordic American Tankers (NAT) finance chief Turid Sorensen has told a Norwegian court that she was silenced by chief executive Herbjorn Hansson, alleging he prevented her from talking about what she perceived as financial problems for the tanker owner. She told the local court in Sandefjord that New York-listed NAT was under financial pressure in 2017 and that the banks, in principle, cou
- Molaris' Empire Bulkers set to cash in on panamax play
Greek owner set to profit by almost $2m on sale of vessel bought three years ago
- Topaz extends deals for 12 BP OSVs
Dubai's Topaz Energy and Marine has stretched charter deals for 12 OSVs with BP. The ships are working for BP Exploration in the Azerbaijan sector of the Caspian Sea. Seven of the units will stay on charter until 2025, with three more contracted through to 2023 and the other two to 2022. Reach charters Topaz subsea newbuilding Topaz fixes subsea newbuild for wind farm work Two-year options ar
- Giant 25,000-teu boxship takes shape
A new 25,000-teu boxship design is under development in China. The record-breaking blueprint is being worked on at Cosco's Shanghai Ship And Shipping Research Institute (SSSRI). ONE claims new teu loading record from Maersk The work is part of a project guided by the ministry of industry and information technology. It complies with the strategic requirements of the "Made in China 2025" push, S
- Hyundai Mipo lands Asian boxship order
Korea's Hyundai Mipo Dockyard has clinched a deal to build three boxships worth KRW 120bn ($107m). Hyundai Mipo Dockyard reveals ambitions for 2019 It said the 2,500-teu vessels have been ordered by an unnamed Asian company. Deliveries will begin in the second half of 2020. Mipo is part of the Hyundai Heavy Industries group, which has won more than $1bn of orders this year. This amounts to 19
- FSL Trust seals SGX approval "in principle" for fundraiser
But permission dependent on several factors including backing of existing shareholders.
- TT Club: Major boxship fire occurs on average every 60 days
Insurer says 1.3m potentially unstable DG containers are be shipped around the world annually.
- Trevor and Veronica disrupt Aussie commodity exports
Extreme weather red alert issued as first of two cyclones hits Australia's northern coasts.
- Eastern Pacific boxship newbuilding splurge confirmed
MAN B&W says eleven ships will be split between conventional and dual fuel propulsion.
|MARCH 21, 2019|
- Report: Higher wages would end driver shortage
Members of the ATA and OOIDA had differing views of the article published by the Bureau of Labor Statistics.
- More 301 exclusions as Trump doubles down on tariffs
The Office of the U.S. Trade Representative on Wednesday released a notice announcing Section 301 tariff exclusions for 33 additional product types.
- Industry rallied for demurrage investigation final phase
"What shippers most need to know - are desperate to know - is when their cargo is actually available for pickup," FMC Commissioner Rebecca Dye said.
- Can automated vehicles improve port efficiency?
The ITS MARAD study found off-site staging areas with autonomous shuttles or virtual gates offer ports the best benefit-cost ratios.
- Hyundai Merchant Marine reaches deal to fund scrubbers
- ZIM reports higher revenues but a loss in 2018
- Spain's Noatum Logistics acquiring U.S.-based MIQ
- Morocco FTA coverage expands for women's clothing
|MARCH 21, 2019|
- Socar sees commercial benefits from deal
Azerbaijan participation in the production agreement will bear fruit beyond stabilizing oil prices
- Flooding in southern Iraq could impact Majnoon oil output
Iraq's Basra Oil Company is hoping last minute reinforcements to burst berms north of the 115,000 b/d Majnoon oil field will fend off increasing flood waters that have entered the area from nearby Iran.
- Enterprise briefly shuts terminal after ITC fire
Enterprise Products Partners briefly shut its liquefied petroleum gas terminal at the Houston Ship Channel terminals Thursday
- Crude settles lower as market weighs economic outlooks against tighter supply picture
- Gibraltar bunkering curtailed by bad weather conditions
Operations at the Mediterranean bunkering hub of Gibraltar have been interrupted by bad weather
- External: Global Risk Management
- TRADER NOTE: OceanConnect hires VP of sales in US to focus on 2020 rule
The new hire comes after a January announcement that Kumar Balian, also formerly of World Fuels, joined OCM's London office.
- TRADER NOTE: Tony Song joins Gunvor Singapore on naphtha desk
Song was previously with Socar for at least seven years as naphtha trading manager.