|NOVEMBER 23, 2019|
- Asia-Europe rates slip 0.8pc to US$702/TEU, USWC slump 9pc at $1,229/FEU
- New chairman of HKSOA is Anglo-Eastern's CEO Captain Bjorn Hojgaard
- MSC heads for top liner ranking following poaching of Maersk's Soren Toft
- China inks 197 Belt and Road deals with 137 nations
- Container lines to grow organically following consolidation wave: DNV GL
- GPA marks best October ever as new infrastructure helps expand market share
- Asian Terminals sees Q3 profit fall 10pc, but Jan-Sept earnings rise to US$55m
- Canadian Pacific to buy Central Maine & Quebec Railway from FTAI
- China's Uni-Top Airlines mothballs freighter fleet
- TIACA foresees slowdown in air cargo market continuing until 2nd half of 2020
- CSafe boosts cool chain service at Shanghai Pudong Airport
|NOVEMBER 24, 2019|
- CMA CGM announces new feeder call at Ennore (Kamarajar) Port
- Navigation capacity on Haldia-Varanasi stretch of National Waterway being augmented: Minister
- ZIM registers net profit in Q3
- Rice export prices fall to lowest in nearly three years
- APM Terminals rolling out advanced application monitoring solution capable of spotting performance issues early
- Sabari Container Terminals takes its complement of IICL-certified inspectors to 33
- Six of the world's largest ports showcase their most advanced digital transformation & sustainability projects
- JDA extends executive leadership in Asia-Pacific region
- PSA Mumbai & Gateway Rail launch weekly North India block train service
- Cabinet approves reduction of govt of India equity shareholding in select CPSEs below 51 pc by retaining management control
- CBDT Chairman inaugurates web portal for exchange of information on Income Tax website
- Trade restrictions among G20 economies remain at historic highs
- WCO & WTO to consolidate collaboration on e-commerce
|NOVEMBER 23, 2019|
- New inner city networks
- Shortline railroad changes ownership
- Long-standing contract renewed
- Making ore transports more efficient and sustainable
- B&H Worldwide picks general manager for the Americas
- Global container throughput keeps rising
- More Australian perishables flying into the Philippines
- First wagons receive PKP Cargo International branding
- Kale Logistics Solutions partners with Khimji Ramdas
- Jaxport welcomes experienced foreign trade zone expert
- Piraeus-Rijeka intermodal express service is up and running
- New central Asian air cargo carrier
- "Curiosity of the Day"
- XPO uses intelligent robotics in the UK
- Martin Longden joins Trenchard Aviation Group
- LM-100J gains FAA type certificate update
- First SNG-run vessel on its way
|NOVEMBER 22, 2019|
- CN rail strike frays shipper nerves - and the 'ripples' will spread, warning
- Capacity cuts on North Asia-Australia container trade as demand plummets
- Cargo City opens at Budapest Airport: a 'real game-changer' for air freight
- Air cargo market monitor: peak season 2019... a very short stopover
- Transpacific spot rate slump continues amid global trade uncertainty
- 747 nears end of the line as supplier factory shuts down
- Study on shipping alliances makes EC exemption decision 'puzzling'
- Analysis: Søren Skou adds a T&T variable to the AP Møller-Mærsk mix
- Market insight: As Toft joins MSC, will all the crew stay on the ship?
|NOVEMBER 22, 2019|
- Harland & Wolff buyer in MoU with Spanish shipbuilder
InfraStrata plc (AIM: INFA), the U.K. infrastructure project company that is buying the assets of Harland & Wolff, reports that is has entered into a Memorandum of Understanding (MoU) Spanish shipbuilder Navantia
- Seabourn expedition ship completes ice model testing
Seattle, Wash., headquartered ultra-luxury cruise line Seabourn has marked another milestone in the construction of its new expedition ship, Seabourn Venture. Ice model testing of the ship's PC-6 rated hull has now
- NYK starts research aimed at manned autonomous vessels
Japan's NYK Group has reached joint research agreements aimed at developing advanced condition-based maintenance (CBM) management processes for ship machinery, and has started verification of data during actual ship operations. Machinery plant
|NOVEMBER 22, 2019|
- From the News Desk: Beyond the tear gas in Hong Kong
Our regular round-up of the stories behind the headlines this week comes to you from Hong Kong, where the Hong...
- IMO loosens media rules in transparency push
From hereon, journalists will be able to quote delegations during IMO meetings
- International Group should slim down to eight or give back $1bn, Marsh recommends
'All we are saying is, having 13 clubs essentially doing the same thing in pretty much the same way means...
- The Lloyd's List Podcast: The view from Hong Kong and Dubai
The Lloyd's List team have continued their world tour this week hosting events in the Middle East and Asia. In...
- International Group rule changes will free up charterers' business, Shaw insists
'The main feeling was that it needed to be made easier for members to move between clubs and that means...
- Sustainable shipping leads the debate for the Lloyd's List Outlook 2020 webinar
Shipping stands at the threshold of another year, but rather than trying to guess what might happen in 2020, it's important...
- Performance Shipping buys third aframax
Chief executive Simos Palios makes $11m further investment in Nasdaq-listed company through stock remuneration for his downpayment on 12-year-old Zodiac...
- HKSOA unveils new chief as the Asian shipping hub strives to rise again
Anglo-Eastern chief executive Bjorn Hojgaard will take the helm from Oak Maritime's chief Jack Hsu as the chairman of HKSOA
- Daily Briefing
Free to read: Fredriksen's Seadrill decision signals billionaire's exit strategy preparations in play | Choice of digitalisation routes open to...
- Chinese coal import restrictions hurt bulk carrier demand
This development has dealt a blow to the capesize and panamax segments as owners were preparing for the upcoming winter...
- The Interview: Ricaurte Vásquez
Every one-foot reduction in draft is equivalent to about 350 loaded containers. That means boxships sailing from Asia to the...
- Fuel price spread hit record this month
As well as gaining on the price spread over non-compliant fuel oil, compliant fuel oil is being traded in larger...
- Gourdomichalis brothers to defend Munich Re abandonment conspiracy action
The action from Great Lakes Insurance SE also includes counts of negligence, unjust enrichment and promissory fraud
- Lobby group frustrated by Malaysia scrubber ban
The pro-scrubber lobby group the Clean Shipping Alliance 2020 argues that the latest ban on open-loop exhuast gas scrubbers is...
- Seaspan to reorganise and diversify into power sector
A shareholders' vote on the deal is expected to be held in the first quarter of 2020. However, Fairfax, the...
- Munich Re Syndicate wins Insurer of the Year
BPL Global, Brit and Clifford Chance among other winners at 2019 London Market Awards
|NOVEMBER 22, 2019|
- CP seeks to expand East Coast reach with Montreal transload facility
- India looks to divest public stakes in container sector
- First Mexican container cabotage route to launch in Q1 2020
- JAXPORT breaks ground on $239 million terminal upgrade
- US-Carib/Central America trade slips for first time in four years
|NOVEMBER 22, 2019|
- American Club dismisses Great Lakes lawsuit as 'groundless'
The lawsuit makes 'thoroughly offensive' statements against the club, which was acting within its rules, a letter from its CEO says
- Researcher names VLCC linked to July oil spill, but owner issues denial
Representatives of Greek-managed vessel dismiss any connection to the pollution, saying ship was half a world away when spill happened
- Danaos prices $54m share offering earmarked for ship buys
Danaos Corp has set the pricing of its multimillion-dollar equity offer, in which it aims to raise cash to add more vessels to its existing fleet of 60 containerships. Danaos to tap equity market with $55m common stock offer The Greek boxship owner said Monday that it is offering $55m in common stock, after major stakeholders showed interest in buying about $25m at the public offering price. Th
- Diana Shipping wins new timecharters from Oldendorff and Phaethon
Two bulk carriers owned by Diana Shipping have won new long-term contracts with major charterers. Diana Shipping offers to repurchase $10m in shares Oldendorff Carriers has fixed Diana's 87,150-dwt post-panamax Electra (built 2013) for 11 to 13 months, which started on Friday, Diana said in a release on Friday. The vessel is earning a gross charter rate of $10,250 per day, minus a 5% commissi
- Davie brings construction of LNG ferries to North America
The shipyard, which is owned by Europe's Inocea Group, is also building icebreakers
- US and Brazil orderbooks at historic lows amid meagre activity across the Americas
Activity at regions' two largest shipbuilding nations at lowest level in at least 15 years
- Scorpio Services Holding buys up more Hermitage shares
Scorpio Services Holding went back for another round of Hermitage Offshore. This time, the holding company bought 84,602 shares in the New York-listed company at $1.59 each. It already owned more than 9.3 million shares. Four bids in to take over restructuring Bourbon Last week, Scorpio Services Holding supercharged Hermitage shares, buying 332,073 shares for $1.49 each, sending shares up 70% t
- Fredriksen to continue to spend time on Seadrill
Tycoon has chaired the drillship company for 14 years
- EU appeals Indonesian nickel export ban at WTO
The European Union (EU) has hauled Indonesia before the World Trade Organisation (WTO) to reverse the Asian country's export bans on a string of metals used in steel production including nickel, a key commodity for bulk shipping. Dry bulk's summer of love may be over, but outlook is still bright "These restrictions unfairly limit access of EU producers to raw materials for steel production, nota
- Rosatom aims to rival Maersk with $7bn push into shipping
Russian nuclear agency wants to capitalise on potential of Northern Sea Route through huge newbuilding push.
- Captain dies in fire on Angelicoussis ore carrier
A fire on an Angelicoussis bulker off the coast of Brazil has left the vessel's captain dead, Greece's coastguards said in a statement on Friday. There were no other injuries or environmental damage. The blaze broke out in the early morning hours on the 276,600-dwt Ore Sudbury's (built 1991) third accommodation deck. It was extinguished by the crew. However, the 40-year-old captain was retrieve
- DIF could move further into LNG after debut deal with NYK
European infrastructure fund's France LNG Shipping venture is its first in maritime arena
- Exmar, DEME teaming up to study hydrogen transport chain
Owners joining utilities and ports to lead Belgium towards "hydrogen economy"
- All eyes are on planned merger of Europe's biggest shipbuilders
Will the creation ofa European shipbuilding champion help or hinder the industry?
- Teekay Shuttle Tankers lowers costs to hike earnings
Oslo-listed owner rejigs fleet to boost performance
- VesselsValue allies with Idwal Marine for condition-based valuations
Partnership allows value estimates that take into account maintenance
- Shipping guru Martin Stopford warns of perfect storm for IMO
Regulator should draw up a framework to ease the transition to low-carbon future and instill confidence in shipowners and revive shipyards' orderbooks
- Hudong-Zhonghua to double its output of LNG carriers
Strong welding team helps to build unrivaled reputation
- European Commission extends liner industry exemption from antitrust rules
Liner consortia exempt from European competition legislation until 2024
- Ocean Yield raises $79m as it buys four Navig8-chartered tankers
Kjell Inge Rokke company snaps up modern LR2s from Chinese leasing company.
- Dynagas LNG Partners pays off $250m notes as loss falls below estimates
US-listed LNG carrier owner says it is positioned for growth initiatives
- Ince's Singapore chief fired for molesting three women
Devandran Kurunakaran sacked after being fined over actions on drunken night out
- BULL swoops on quartet of aframaxes, LR2 tankers
Indonesian player linked to Marinakis aframaxes, seen behind FSL Trust LR2 sales
- Four bids in to take over restructuring Bourbon
French court to consider offers for OSV owner trying to reorganise its business
- SocGen's Asia trade finance heads exit in wake of bunker fuel losses
Fears that French bank may wind back financing services to the bunker trading market
- BTG setting up first marine biofuels refinery
Biomass company teaming with Dutch producer GoodFuels for sustainable bunkers
- Drewry: China continues to diversify away from US LPG
UK research house said geopolitical move will lead to increased tonne mile demand
- Team Tankers calls in advisors as it looks to 'maximise value'
Hans Feringa-led chemical tanker owner has also initiated a share buy-back program
- BW's DHT culling a matter of balance, Sohmen-Pao says
The BW Group's 14.68 million share DHT Holdings sell off was a move to "balance its portfolio," Andreas Sohmen-Pao said Thursday. New York-listed DHT announced after the bell Thursday that the deal had closed and that BW-appointed director Anders Onarheim will depart pursuant to the investor rights agreement between the two companies. VLCCs breach the $90,000-a-day mark amid broad tanker bullish
|NOVEMBER 22, 2019|
- Local, global challenges hit Oregon LNG project
Environmental opposition and a glut of LNG are among the challenges facing a proposed Oregon natural gas pipeline and export terminal project.
- Volvo Trucks will lay off 700 workers in January (Update)
Volvo Trucks North America will lay off about 700 workers in January, extending an industry pullback in production to match slowing orders of new Class...
- Goodman's North American unit swallows 65 acres of Los Angeles 'infill' real estate
Unit of Australian real estate firm Goodman muscling in to L.A. urban real estate construction market
- Federal court sides with Atlas Air in dispute with pilots
More substantive talks could ensue in the four-year-old labor saga between Atlas Air and its pilots' union after a federal appeals court ruled the union...
- Trump restores $7.6 billion for state highway projects
Texas, New Jersey, Pennsylvania had most to lose if funding had been slashed.
- Trade deal unlikely to result in rapid return of cargo volumes
Port of Los Angeles Executive Gene Seroka cautioned the port's Board of Harbor Commissioners that even if a trade deal is reached with China, it...
- Cutting through the pre-Thanksgiving freight volume noise
Freight volumes sluggish despite Thanksgiving distortions
- Workhorse says new loan will cover electric truck production
Workhorse Group has secured a $41 million loan in its third hedge fund deal in a year that the electric truck maker said will let...
- Freight Futures daily curve: 11/22
Trucking Freight Futures remained weak in the South and West on Thursday while the East strengthened.
- Plug Power aims for $1B in revenue by 2024
CEO Andy Marsh talks clean hydrogen, a new push into on-road vehicles - and why China does not figure into the five-year revenue plan.
- Canadian Pacific to build new transload terminal in Montreal
The railway seeks to extend its reach to non rail-served markets.
- Senators want Trump to halt export license approvals for Huawei
While most license applications related to the Chinese telecom are expected to be denied, news reports surface that some U.S. companies have started receiving approvals...
- High-impact snowstorms possible Thanksgiving week
Snowfall may be measured in feet in some parts of U.S. Thanksgiving week. Major transportation issues possible.
- Today's Pickup: FEMA report suggests blockchain for disaster, insurance claims
Federal Emergency Management Agency's advisory board recommends a pilot of the blockchain-based registry to ultimately improve claim processes and disaster responses.
|NOVEMBER 22, 2019|
- Japan delivered 380 CST bunker premium sinks to 8-week low on weaker HSFO demand
"Only a few vessels installed scrubbers, [so] expecting to see low HSFO demand in the coming month," a trader said.
- INTERVIEW: Shell to start fuel imports by ship into Mexico in mid-2020
"We are waiting for marine terminals infrastructure to be functional," Fonseca said.
- External: Global Risk Management