|MARCH 26, 2019|
- Private sector and public sector interests differ of the value of alliances
- APL's CHX brings Vietnamese reefers for Hong Kong transshipment
- Liberian 1,574-TEUer in collision near Kiel Canal en route to Gdynia
- US Treasury hits China firms with sanctions for North Korean trade
- Cosco naval architects develop record-breaking 25,000 TEU ship
- Zim hit by US$119.9 million net loss, but makes 9.1pc sales gain
- NW Seaport Alliance's February volume falls 4pc to 269,199 TEU
- NYK gets 'green' loan' to fund its way to scrubber technology
- Eurogate and Contship invest in container terminal in Tangiers
- DP World extends Constanta lease 30 years to quadruple capacity
- Sea Asia 2019 to discuss issues facing today's maritime industry
- Amazon pilots worried about Boeing jet weeks before Texas crash
- China looks to dirigibles for cleaner cargo, cheaper transportation
- With IATA's CEIV cert, Dallas looks to India for pharma
|MARCH 25, 2019|
- APL CHX service develops as part ofbusiness ecosystem in Central Vietnam
- Drewry adds benchmarks on contract BAFs to its Benchmarking Club service
- Hapag-Lloyd posts notable results for 2018
- New Director/Chief Executive Officer for GAC Sri Lanka
- OOCL & COSCO Shipping Lines cooperating closely to explore & achieve synergies
- SCFI rates down
- Seaborne imports into the biggest US gateways for Asia trade fall significantly in Feb.
- Viability of biofuel being tested as a tangible step towards decarbonisation of shipping
- Yang Ming's consolidated revenues up in 2018
- S. K. Mehta appointed Chairman of Deendayal Port Trust
- FM Logistic to invest $ 150 m in own warehouses & distribution centres in India
- Ministry of Commerce introduces online system for obtaining export licence for restricted category goods
|MARCH 26, 2019|
- Piloting first LNG truck with mega trailer in Germany
- Steven Polmans to head cargo & logistics at Brussels Airport
- Another epic journey for six historic pianos
- Latin America increases rail interoperability
- B&H Worldwide opens new branch in Prague
- B&S Logistik expands its facilities in Bremen
- LNG-fuelled tugboats are in use
- New Cometto for Fincantieri
- US short-line railroad expands into Indiana
- Florian Pfaff moves to Asia
- Hapag Lloyd expects no changes in freight rates
- More music in the air and on the ground
- Faster border processing along the Asia-Europe corridor
- "Curiosity of the Day"
- Bolloré boosts Abidjan's air cargo capacity
- Rytle goes USA
- Multicargas terminal poised to expand
- Boeing announces leadership trio
|MARCH 25, 2019|
- Freight operators welcome delay to HMRC Transitional Simplified Procedures
- Shippers want more transparency from those who handle their ocean freight
- Growing demand for electric vehicles driving change in automotive sector
- What are the top ten risks to supply chains this year?
- The personal service conundrum facing forwarders going digital
- China to shave $2.45bn off cost of Malaysia's East Coast Rail Link
- Jet Airways crisis deepens as Etihad mulls exit
- Jakub Ptacnik is new business development manager for B&H in Prague
- Supply chain radar: Expeditors' core customs business is the next battlefield for supply chain consolidators
- Supply chain radar: Hapag-Lloyd - the cracks are still apparent
- Loadstar Premium team expands again as senior industry columnists sign on
|MARCH 25, 2019|
- Newport News authenticates keel of SSN 796
Huntington Ingalls Industries' (NYSE: HII) Newport News Shipbuilding division hosted a keel authentication ceremony today for the Virginia-class attack submarine New Jersey (SSN 796). Susan DiMarco wife of former Secretary of Homeland
- Austal gets EPF contract mod worth potential $370.7 million
Austal USA, Mobile, Alabama, is being awarded a $261,776,539 modification to a previously-awarded Navy contract for the detail design and construction (DD&C) of the 13th and 14th Expeditionary Fast Transport (EPF) ships.
- Five things that get gas carriers detained
Coast Guard Sector Houston-Galveston has issued a Marine Safety Information Bulletin highlighting five common deficiencies that the Sector's Port State Control Officers (PSCOs) find on liquefied gas carriers. Last year, Sector Houston-Galveston
- Harvey Gulf expands global operations
Harvey Gulf International Marine reports that it is continuing its commitment to expanding operations globally with the opening of offices in Ciudad del Carmen, Mexico City, Trinidad, and Guyana, and with the
- KVH Videotel names Jason Barreto European sales manager
KVH Videotel has appointed Jason Barreto as European sales manager, based in the company's London office, Barreto started his sales career with a series of airline, ship management, and marine travel companies,
- EMAR Offshore takes delivery of next gen Damen tug
Netherlands based EMAR Offshore Services has taken delivery of the E-TWO, a Damen ASD Tug 2811 ordered in November 2018 with a special request for the installation of an additional FiFi1 system,
- CMA CGM box ship refuels with bio fuel oil
The 5,095 TEU containership CMA CGM White Shark was successfully refueled with marine bio fuel oil in the Port of Rotterdam on Saturday, March 23. As we reported earlier, see story, IKEA
- VIDEO: 479 passengers evacuated from disabled cruise ship
Viking Ocean Cruises reported today that its cruise ship Viking Sky had arrived safely in port Sunday after an ordeal that started when its engines failed during a storm off Norway's western
|MARCH 25, 2019|
- Freight body welcomes improved Brexit customs simplifications
The trade association that represents the UK freight forwarding sector has welcomed the HMRC decision to extend date and scope...
- Why a privatised Inmarsat could be good news for maritime
Sat comms are sexy once again and while shipping may not find itself at the heart of the $3.4bn Inmarsat...
- Clean trading dries up for newbuilding VLCCs
Traders warn conditions promoting clean trades have ended as falling demand and reduced production affecting key seaborne routes
- CMA CGM biofuel trial a success
Company announces 'major step for sustainable marine bio-fuel oil as credible decarbonising fuel option'
- Investigators board Viking Sky as questions are raised over engine failure
Lloyd's Register and MAN Energy Solutions send teams to investigate what caused the Viking Sky to loose the engine power
- M/Maritime acquires first kamsarmax from Mitsubishi
Expanding Greece-based M/Maritime has dipped into the secondhand market for its first kamsarmax bulk carrier but has retained its strong...
- Yildirim shortlisted for Long Beach Container Terminal
The Turkish group has been added to the final shortlist of three for the facility that OOIL is selling after...
- Performance monitoring is critical to vessel efficiency
Interest in performance management is growing, however it has proved hard to isolate hull performance from external factors. Use of...
- Yang Ming reports $210m loss
State-backed Taiwanese carrier blames the weak freight rates and high bunker costs for the red ink on the results sheet
- Vale says it will not restart Brucutu mine
Capesize earnings knocked back to three-year low
- Shipping confidence rises despite geopolitical uncertainty
The excitable chatter about the Sino-US trade spat and Brexit has not been enough to dim the confidence of the...
- Shell ships first condensate shipment from Prelude
The 2011-built tanker Advantage Atom called at Prelude terminal on March 23 and is on its way to Singapore, according...
- EU completes preparations for possible 'no-deal' Brexit
The measures include temporary arrangements for issues that would otherwise arise with fisheries access, visas and ship inspections
- Scorpio Tankers registers stock for possible sale
A new sale prospectus does not mean the Scorpio Bulkers and SSH are looking to sell stock
- Unclear election results will not affect Thai port developments
Infrastructure-focused EEC initiative comprising two port developments is not likely to face opposition from major political parties, say analysts
- Daily Briefing
Polish register defies US sanctions to class Iranian tankers | Marine can 'return to forefront' at Lloyd's | London marine...
- Container lines re-jig Asia services to meet changing demand
Hong Kong, meanwhile, loses yet another call as RCL is dropping the declining transshipment hub from its RCB service in...
- SITC rides better freight rates to improved profits in 2018
SITC cited China-US trade disputes, the slowdown in world economic growth and intensified competition from capacity expansion as impacts on...
- OOIL cautiously optimistic about 2019
Company has been meeting interested buyers and expects to conclude the sale of Long Beach Container Terminal within the coming...
- No peak for fossil fuel until 2035: Wood Mackenzie
Coal will take the hardest hit, with major consuming countries, such as China, switching to cleaner fuels while the petrochemical...
|MARCH 25, 2019|
- Tariff rush drives record LA-LB transloading
- Flexport's uniqueness rests in its pricing power
- Larger ship calls challenge Indian port productivity
- Ensenada targets LA-LB cargo with expansion
- Shippers eye Australia port strike for escalation
|MARCH 25, 2019|
- Viking counts 25 injured in Norwegian cruise ship drama
Torstein Hagen-led cruise company begins probe into Saturday's Viking Sky engine failure that left passengers and crew to the sea's mercy.
- CMA CGM confirms LNG, scrubber boxship order with CSSC
Rodolphe Saade-led boxship owner plans to accept delivery of 10 replacement newbuilds in 2021.
- Nordic American Offshore gets more payback time
Emanuele Lauro-led OSV owner given fourth waiver extension in two months on its main credit facility
- How 'Fitbit for vessels' is helping Navig8 get its pools ship-shape
Digital director says installing hardware is just the first step in a complex process of understanding data
- Shell ships first condensate cargo from giant Prelude FLNG unit
But major has yet to reveal when much anticipated initial LNG shipment will emerge
- Shipping sails into age of digital transformation
Industry on course for tech revolution with automation of ship functions that go beyond mere fuel optimisation for larger earning opportunities
- ST Shipping sells two MRs
The tankers have fetched a firm price in the secondhand market, but the buyer remains a mystery
- Krasnoye Sormovo seals order for 11 cargoships
Russian shipbuilder Krasnoye Sormovo has sealed an order for 11 bulkers. The yard's parent United Shipbuilding Corporation (USC) said on Monday a contract worth 10.43bn ($158m) had been signed with State Transport Leasing Company (STLC). Krasnoye won an open tender for the ships in January. Three will be delivered this year and the remaining eight no later than 30 November 2020, the Prime news
- Topaz back in black as utilisation rises
Middle East OSV owner Topaz Energy and Marine has bounced back into profit in the fourth quarter as vessel use rose. It said net earnings were $18m in the final three months, up from a loss of $6m in 2017. Revenue grew to $106m from $69m, while core vessel utilisation rose from 67% to 85%, with significant improvements coming in the MENA and Africa regions. The company said operational efficien
- CSD sells stake in E-Shipping to Cosco Logistics
The financing arm of China Cosco Shipping gets rid of a 25% stake in loss-making E-Shipping in intra-group restructuring.
- Boa reveals story behind complex warship salvage
Boa Offshore CEO Helge Kvalvik has revealed the inside story of the raising of the sunken Norwegian warship Helge Ingstad. The vessel sank on 8 November following a collision with a Tsakos tanker in Hjeltefjorden on the west coast of Norway, substantially damaging its starboard side. "This has been one of the most complex and successful salvage operations in the industry," Kvalvik said. "An ope
- SITC posts stronger 2018 results but warns of trade risks
Looking forward, intra-Asian container shipping company highlights infrastructure boom in Southeast Asia as a potential bright spot.
- CMA CGM completes first biofuel bunkering
French line CMA CGM has carried out its first bunkering with sustainable biofuel. The 5,095-teu CMA CGM White Shark (built 2007) took on the oil at a trial in Rotterdam on Saturday. The fuel is supplied by GoodFuels in a scheme also involving the port and Ikea. It marks a "major step for sustainable marine biofuel oil as [a] credible decarbonising fuel option for sector," the companies said. T
- Attorney: Supreme Court punitive damages case will not change shipping
If the US Supreme Court sides with the injured seafarer in an upcoming case over punitive damages for unseaworthiness claims, the effects on the shipping industry will be minimal according to New Orleans maritime lawyer Paul Sterbcow. Speaking at the American Bar Association's Admiralty Disruption conference on Saturday, Sterbcow told attendees that the Christopher Batterton v The Dutra Group cas
- Charity paints depressing picture of seafarer happiness
Crews are increasingly unhappy at sea, according to welfare charity The Mission to Seafarers. It said a survey has highlighted growing problems with obesity, mental health and gender discrimination. The charity's Seafarer Happiness Index shows satisfaction levels have dropped to 6.32 out of 10, a decrease of more than 5% year-on-year. Mission to Seafarers highlights mental health Many responde
- Complexity of chartering ships means Uber-like system won't come tomorrow
BRS chairman Tim Jones says electronic platforms must be inclusive of both brokers' and principles' interests
- Gard's Louis Shepherd: P&I is evolving ahead of IMO 2020
P&I clubs are being challenged on how to strike a balance between infringements that are accidental and those that should have been avoided, says Gard senior claims advisor
- EU Navfor's new legal pathway in Seychelles
European anti-piracy task force EU Navfor has helped strengthen prosecution pathways in the Seychelles. The agency said it had teamed up with the UN's Office on Drugs and Crime to train local police and lawyers. The idea is to help with continued improvement and development of all areas within the legal process, from the capture to conviction of suspected pirates, it said. A three-day programme
- Yang Ming falls to loss of $218m
Taiwan's Yang Ming Marine Transport has fallen to a loss of TWD 6.59bn ($218.5m) as higher fuel prices hit the bottom line. This compares to a profit of TWD 492m in 2017. Yang Ming taking four more Shoei newbuildings Yang Ming adding four ships while returning seven Revenue was up 8% at TWD 141.83bn, with volumes increasing 11% year-on-year to 5.23m teu. The company said its result had been
- Quentin Soanes aims to row S&P specialist Sterling Shipping into new waters
Brokerage plans expansion into chartering, but says priority is to stay light on its feet
- LNG carrier and VLCC in collision off Fujairah
Two vessels sustain bow damage in night-time incident
- Blockchain attracts physical traders but is yet to find its chartering niche
Blockchain - a digital ledger system that records transactions - should in theory make sense but there needs to be sufficient actors and elements to yield tangible benefits, says BRS chairman Tim Jones. That will take time. Last October, it emerged that the world's four largest grain traders planned to standardise and digitalise agricultural shipping transactions to make the process more efficien
- Inmarsat directors recommend $3.4bn takeover bid
Private equity consortium bid now awaits shareholder and regulatory approval.
- Atle Brynestad lines up second $180m cruiseship
Norwegian owner Atle Brynestad has lined up a second cruiseship at Damen in Romania. Finansavisen reported that his SeaDream Yacht Club is paying more than NOK 1.5bn ($176m) for the first ship in the series, while agreeing a deal for a potential sistership. Dutch shipbuilder Damen announced the order last week - its first cruiseship contract. The first 155-metre ship, called Mega Yacht, will be
- OOCL 'cautiously optimistic' as volumes grow
Hong Kong container line OOCL is looking ahead with guarded optimism after volumes rose strongly in 2018. Net profit dipped to $108m from $138m as finance expenses jumped nearly $46m to $143m. Rising bunker costs hurt Cosco's container and heavylift units OOCL revenue and volumes jump in fourth quarter But revenue was up at $6.57bn versus $5.98bn, and operating profit increased to $263m agains
- GC Rieber to sell Antarctic survey ship
The British Antarctic Survey (BAS) has redelivered a polar research vessel earlier than scheduled to its owner, GC Rieber Shipping, which plans to sell it. The 80-metre RRS Ernest Shackleton (built 1995) has been on charter to BAS since its delivery and has been used primarily as a logistics ship for resupplying BAS's stations in the Antarctic. UK declares final option for Rieber ship If the s
- Folk Shipping chemical tanker arrested in Singapore
UAE-based bank enforces mortgage against one of Dubai-based Folk Shipping's chemical tankers.
- DFDS: Brexit delay "really good news"
Danish ro-ro group DFDS has welcomed a likely delay to the UK's leaving of the European Union. It said the EU's offer to extend Brexit day until 12 April or 22 May removed the risk of a hard exit. CEO Smedegaard quits DFDS after 12 years According to Maritime Denmark, outgoing CEO Niels Smedegaard said: "It is really good news, not only for DFDS, but also for the many colleagues who had planned
- Braemar boosted by strong second half from broking
Braemar Shipping Services' shipbroking operations are exceeding expectations following a strong second half to 2018. The UK group said in a trading update for the year to 28 February that overall results in the second six months were in line with management expectations. It is expecting underlying pre-tax profit, before one-off and acquisition-related costs, to be between £6.8m ($8.96m) and '7.2
- Sovcomflot handing back Polarcus survey ship
Russia's Sovcomflot is redelivering a seismic survey ship to Middle East owner Polarcus. Oslo-listed Polarcus said the 2,250-dwt Vyacheslav Tikhonov (built 2011) will return to the company from a bareboat charter towards the end of next month. The vessel was previously named Polarcus Selma and was fixed to Sovcomflot with an option for it to be redelivered with at least 30 days' notice. The shi
- Capes face delayed Pilbara restart in wake of Veronica
Dampier and Port Hedland remained closed Monday morning, but worst looks to be past.
- US imposes North Korea sanctions on Chinese owners
Authorities also name "dozens of vessels" accused of STS transfers with rogue nation's ships.
- PSA profit dips despite higher container throughput
Singapore terminal operator dented by higher depreciation as volumes handled jump 9%.
|MARCH 25, 2019|
- WSC slams consortia report as 'riddled' with flaws
Container carrier trade association says a report released by the OECD International Transport Forum should be disregarded by European regulators looking at shipping regulation.
- Commentary: Tweet-induced compliance confusion
President Trump's tweet on Friday calling for no new North Korean sanctions was enough to make any corporate compliance officer's head spin.
- Yang Ming reports $217.5 million loss
Taiwanese carrier says results were "significantly impacted" by fuel prices and that it is "cautiously conservative" on its outlook for 2019.
- Amazon among firms named in infringement complaint
Style Pantry LLC of California is claiming intellectual property law violations have been committed with the importation and sale of women's clothing.
- CBP issues guidance for Round 2 of 301 exclusions
The exclusions will extend through March 25, 2020, and are retroactive to July 6, when 25 percent tariffs across $34 billion worth of goods from China in 2017 import value began.
- CMA CGM orders 10 15,000-TEU containerships
- Houston channel still experiencing backlog from fire
- Rhenus Group acquires World Net Logistics
- Montreal's Viau Terminal set for second expansion
- FMC receives 12 OTI license applications
|MARCH 25, 2019|
- Wood Mackenzie says shippers will not be fully compliant with IMO fuel rules in first year
Shipping companies will fail to meet cleaner fuel oil rules for their commercial vessels that take effect next year
- SHIPPING QUARTERLY: Container market reels from quiet Q1, volatility looms
The container market around the world has seen some significant downside over the first quarter
- Gibraltar bunkering restarts as bad weather eases: port authority
Bunker operations at Gibraltar have recommenced
- Refiners moving maintenance to Q2 in preparation for IMO 2020: Wood Mackenzie
Refiners globally are bringing more plant maintenance forward to the second quarter
- Product futures rose amid Houston Ship Channel vessel delays
Front-month NYMEX RBOB settled at the highest price since mid-October
- External: Praxis Energy Agents DMCC
- FUTURES: Crude trends lower amid macroeconomic headwinds
- External: Global Risk Management