|AUGUST 26, 2019|
- Asia-Europe rates dip 2.3pc to US$793/TEU, USWC tumble 6pc to $1,286/FEU
- Trump hits back with higher tariffs on China
- DP World's profits up 27pc in half year on revenue hike of 11pc
- 2M alliance co-operation and higher freight rates help Zim post Q2 profit
- APL boosts services on Asia-Oceania network
- Hamburg Sud splits Australia - SE Asia 'AUSE' service into 2 strings
- Russia's sea ports achieve 8.1 per cent YoY container traffic growth in July
- Adani Group to buy 70pc stake in India's Krishnapatnam port for US$770m
- Maersk enters Indian trucking market
- Cathay and Air New Zealand continue cooperation until at least 2024
- ACS arranges B747 to fly a military flight simulator from US-Japan
- New Sydney airport seeks help from freight firms on new hub design
|AUGUST 25, 2019|
- IMO 2020 sulphur reduction challenge in marine fuels
- PCL/PACC & Kerry Indev Logistics skillfully handle record number of windmill blades through 4 vessels at V. O. Chidambaranar Port
- PIL's fleet attains Environmental Ship Index certification
- Wan Hai Lines accurately provides transportation services for all routes, schedules & navigation rights, & strictly refutes any and all malicious disseminating of false & inaccurate information/rumours of embargo sanctions
- Exemplary performance in steel coils discharging at Deendayal Port
- Marsden Point, New Zealand emerges as highest rated bulk terminal as per vetting scheme
- CONCOR commences reefer container services at ICD PSWC Dhappar
- Samir Shah emphasises on skill development at Colombo International Logistics Conference
- Time Release Study aimed at measuring efficiency & effectiveness of India's international trade flows
- Competition Commission of India introduces Green Channel clearance for mergers & acquisitions
- Govt announces key steps to boost economy & stem slowdown
- India's GDP seen growing at 6.2 pc in 2019
- New Foreign Trade Policy soon
- Exim Integrated Club, Pune supplies medicines & immediate essentials to flood-affected area
|AUGUST 26, 2019|
- Pharmaceutical logistics trends
- Malungsfors returns to business after more than 20 years
- Canadian and US railroads join forces
- Fiata strives for parley
- From Perth to Halifax
- LSCI confirms trend towards Asia
- New Sydney airport attracts forwarders' interest
- Swiss locomotives to be delivered to Polish carrier
- Allbirds selects Geodis
- Triumph International wins logistics prize
- Samskip enhances services in the North and the Baltic
- ANA Cargo launches direct B777F NRT-PVG service
- Solid H1/2019 for Port of Vancouver
- Better railway connection for Rijeka
- "Curiosity of the Day"
- New board for active logistics
- Real estate developments at Brussels airport
- AIT Worldwide Logistics opens newest office in Mexico City
|AUGUST 23, 2019|
- More peak season carrier gloom as container rates continue to fall
- Diversity pays off for DP World as profits rise strongly in a weakened market
- Heavyweights make a splash as M&A sweeps project cargo sector
- Ports welcome steady performance, despite political uncertainty
- Eddie Stobart chief quits as share trading is suspended
- On the wires: IT star WiseTech adds $2bn of value (in a week) - uphill from here?
- Supply chain radar: APMM hunts bolt-on deals, hopes to hedge new low-sulphur regulation risk
|AUGUST 23, 2019|
- Norwegian Coast Guard vessel first Azipod equipped ship to reach North Pole
The Norwegian Coast Guard vessel KV Svalbard recently became the first ever Azipod powered ship to reach the North Pole when on an international environmental research expedition in late August. In another
- NASSCO awarded ESB contract worth potential $1.6 billion
General Dynamics National Steel and Shipbuilding Co., San Diego, Calif., has been awarded a contract by the U.S. Navy worth up to $1.6 billion for the construction of the sixth and seventh
|AUGUST 23, 2019|
- China escalates trade dispute with new tariffs on US goods
Beijing's new tariffs on $75bn of goods imported from the US will increase tensions
- The Lloyd's List Podcast: Iranian sanctions prove complicated for shipping...again
Adhering to sanctions can be a straightforward task for the shipping industry. But as a latest story involving P&I clubs...
- From the News Desk: Britain on alert as a WTO-terms Brexit looms
This week: The United Kingdom government warns the shipping industry and those around it that they must be ready in...
- CMA CGM makes green pledge over northern sea route
Container giant will not follow in competitors' steps on environmental concerns
- Keeping up with the neighbours as Singapore looks to IMO 2020
Singapore's financial and support infrastructure for the bunkering industry is relatively more developed than its competitors' but subtle shifts in...
- P&I clubs warned over vessels bypassing sanctions on Iran
Shipping insurers put on alert after Lloyd's List Intelligence data reveals suspicious patterns of behaviour by vessels in relation to...
- The Interview: Rod Riseborough
After 40 years in the container shipping industry, including top management roles with carriers and a data provider, the recently...
- Wallenius Wilhelmsen charged in cartel probe in Australia
Charges follow convictions of K Line and NYK for alleged cartel activity in Australia
- Frontline to buy fleet of suezmax tankers in Trafigura deal
Oslo-based oil tanker company Frontline will buy 10 suezmax oil tankers from commodities trader Trafigura in a cash and share...
- New acquisitions, products and services help DP World to 22% first half profit rise
DP World also said its recent acquisitions are performing in line with expectations, with Unifeeder continuing to benefit from structural...
- Daily Briefing
Stena Impero owner meets Iran to urge release of tanker | Exclusive interview with Rod Riseborough | Viewpoint: When we...
- New bunker derivative touted to bolster IMO 2020 hedge
Shipowners can start hedging their bunker bets against a new futures contract that will be priced against a weighted average...
- StealthGas acquires two LPG ships
The acquisition of the vessels, one a newbuilding and the other a 2007-built, 38,000 cu m fully refrigerated vessel, marks...
- SITC raises first-half profits on higher volumes and rates
SITC said it would focus exclusively on the intra-Asia market as it believes that this market will continue to experience...
- Iran mulls release of Stena Bulk-owned tanker
Stena Impero, owned by Swedish company Stena Bulk, was captured by the Iranian Revolutionary Guard Corps on July 19
- VLGC market has adapted to the Sino-US trade spat, says Avance Gas
Middle East LPG exports in the second quarter came up to 8m tonnes, up by 200,000 tonnes compared to the...
- Cameron LNG begins commercial operation from Train 1 in Louisiana
Cameron LNG is the second LNG plant operating in Cameron Parish after Cheniere Energy's Sabine Pass LNG, which inaugurated its...
- Canada's west coast container ports see imports up, exports down
At Prince Rupert, the port's July 2019 containerised imports hit 66,277 teu, a whopping increase of 29.72% over the 51,091...
|AUGUST 23, 2019|
- Trump hikes tariffs on Chinese imports in retaliatory strike
- CMA rejects Arctic shipping route
- Port of Virginia service shuffle promises faster rail flow
- Mexico's plan to limit double-truck weight raises capacity concerns
- WWO latest charged in Australian ro-ro probe
- Shen charts course for Transfix growth
|AUGUST 23, 2019|
- Shipping stocks fall amid latest US-China tariff jabs
Shipping equities took a tumble today amid latest blows between US and China in an escalating trade war that has gone on since early 2018. Beijing announced 5% and 10% tariffs on $75bn in US imports on 1 September and 15 December, reacting to US' plan for a 25% tax on $300bn in Chinese goods on those dates. President Donald Trump responded to China's latest jab by demanding US companies stop tra
- ReCAAP warns about scrap metal theft in Singapore Strait
Theft of scrap metal from barges in the Singapore Strait is raising concerns with Asian anti-piracy outfit ReCAAP. The group said in a report Thursday that the number of incidents involving tugs and barges is on the rise, hitting 14 this year. ReCAAP in the dark over China's Malacca Strait warning "Although all the 14 incidents were [petty theft] in nature as the perpetrators were not armed and
- StealthGas doesn't see trade war easing in third quarter
The gas carrier owner's second quarter earnings and share price have been hit by the US-China trade war
- NYK selling bonds worth $254m
Japanese owner looking to place two tranches over five and 10 years.
- Idan Ofer lets it all hang out at €5m Mykonos anniversary party
Israeli shipowner Idan Ofer hosted an extravagant party on the Greek island of Mykonos earlier this month to celebrate his 10th wedding anniversary to his fourth wife Batia, according to local media carrying footage of the event. The €5m ($5.5m) production was reportedly inspired by the Burning Man Festival, an annual experimental community art event in the United States. Dozens of guests in in
- Koch Industries tycoon David Koch dies aged 79
US company owned with brother Charles is major charterer of bulkers and tankers.
- CMA CGM rejects use of Northern Sea Route in green pledge
Rodolphe Saade says choice will help "leave our children a cleaner planet."
- Frontline 'open for business' after $675m Trafigura suezmax swoop
CEO Robert Hvide Macleod says owner will strike again if the deal is right.
- Klaveness ship completes first switch from wet to dry
Groundbreaking change from tanker to bulker mode cuts emissions and ballast time.
- Middle East war risks losses exceed $100m
DNK expects tally to increase as attacks on tankers are likely to continue
- Sale boosts GC Rieber as fleet use hits 100%
Offshore vessel owner banked $11m gain from selling research ship Ernest Shackleton.
- West African crude key to LSFO supply
Chad and Cameroon could be big winners from IMO 2020 rules
- Novoship goes to court in sex tape row
Sovcomflot-owned company suing Burford Capital exec in case involving alleged footage of oil tycoon Harry Sargeant III
- Frontline to buy up to 14 suezmaxes from Trafigura in $675m-plus deal
Frontline seals it biggest deal since 2012 bailout as it moves to refresh and expand its ageing crude tanker fleet
- Expanded fleet helps lift Courage out of the red
Hong Kong-listed bulker owner has also chartered-in a panamax to boost tonnage
- Wallenius Wilhelmsen Ocean faces cartel charge in Australia
Probe relates to alleged criminal conduct between 2009 and 2012.
- DP World sees profit jump despite geopolitical upheavals
Results at Dubai-based port operator helped by acquisitions and growth in non-containerized revenue
- Hafnia's Vista Shipping secures $111m loan for GSI LR1s
KfW IPEX-Bank, Societe Generale and Singapore's OCBC agreed newbuilding finance deal
- Troim steps down as Borr Drilling chairman
Former Schlumberger chairman and chief executive set to take over the post pending AGM
|AUGUST 23, 2019|
- Northstar Midstream expanding into LNG bunkering
Polaris New Energy is building a bunker barge to bring LNG to the growing number of cruise and cargo being powered with natural gas.
- FreightWaves oil report: bankruptcies in the oil patch are piling up
But good news for the trucking sector: the assets stick around and activity continues
- Down Under Trucking: Vast majority of Aussie truck drivers are either fat or obese
The vast majority of Aussie truck drivers are either fat or obese and they have a terrible diets, new research has found. Meanwhile, New Zealanders...
- Transports sag on trade banter, increased tariffs will not help
Fed policy talk and China's retaliatory tariffs couldn't spook the markets. It was the President's tweets that sent the markets into a tailspin. With tariff...
- South Texas powers another week of rising truckload volumes
Truckload volumes are now up 4.99 percent year-over-year.
- Hino delivers milestone model to Penske Truck Leasing
Hino Trucks is already increasing its investment in a new plant in West Virginia, where it will build Class 7 and 8 trucks in addition...
- Lime scoots into Texas - new operations center in San Antonio
Lime moves ahead with the backing of venture capital and hopes that car-reliant metropolitan areas like San Antonio will embrace a cleaner, more communal way...
- Nebraska high court decision win for Keystone pipeline
Trucking stands to gain, rail to lose if project moves forward.
- Severe storm threat keeps trucking across several regions (forecast video)
Target areas for Friday severe storms include Great Plains, Mid-Atlantic.
- Amazon agrees to take equity stake in Canadian airline Cargojet
Amazon, following a model in the U.S., will take an equity stake in Canadian cargo airlines Cargojet.
- Industry players raise concerns about driver coercion during HOS listening session
Multiple commenters expressed concern about carriers, shippers or brokers coercing drivers to operate in unsafe conditions under the proposed rules.
- European carrier suddenly shut down by parent company
Transfreight Automotive Logisitcs Europe, a fleet with over 90 vehicles, has shut down.
- Flexport: Rapid growth flies into international trade turbulence
How Flexport is managing the challenges of todays air cargo environment
- The well-oiled German economy has hit a brick wall
The German economy shrunk by 0.1 percent in the second quarter of 2019, sparking fears of a recession.
- Shipping magnate goes 'all in' with IMO 2020 wager
John Fredriksen's shipping companies are increasing their exposure to IMO 2020 market effects.
- Ethiopian Cargo adds weekly flights to Thailand, Vietnam
Ethiopian Cargo has added weekly service to Bangkok and Hanoi, Vietnam.
- CMA CGM will not ship via Arctic waters as part of green pledge
Container ship firm plans pledge to coincide with upcoming G7 summit in France.
- China to impose $75 billion in retaliatory tariffs
China will impose additional tariffs on U.S. imports worth about $75 billion in response to a forthcoming fourth tranche of U.S. tariffs across about $262...
- Management shake-up at AirBridgeCargo following first half volume drop
Citing declining volumes and hinting at a loss of customer support, Volga-Dnepr Group has replaced the general director of its AirBridgeCargo airline.
- Today's Pickup: Highway conditions deteriorate, congestion holding steady, study says
Plus: Waymo releases data; Softbank opens up IPOs; Nevada truckers to retake driving tests.
- CBP seizes illicit shipment of Chinese firearm parts
U.S. Customs and Border Protection officers at the Los Angeles and Long Beach seaport complex halted the illegal import of Chinese-made firearm parts valued at...
- Trucking Freight Futures Market Activity 8-19-2019
|AUGUST 23, 2019|
- ARA fuel oil stocks up 10% on week amid uneconomic arbitrage east
Fuel oil stocks in the Amsterdam-Rotterdam-Antwerp hub were up 10% to 1.159 million mt.
- NWE fuel oil hi-lo touches fresh record highs as IMO 2020 looms
The spread between FOB Northwest European 1% fuel oil cargoes and 3.5% FOB Rotterdam barges, dubbed the hi-lo, climbed to all-time highs.
- Indonesia's Duri crude gets a boost from IMO 2020 demand for LSFO
Indonesia's Duri crude oil this month traded at strong premiums for August and September loading.
- RUSSIA DATA: July fuel oil exports down 11.6% on year to 2.532 mil mt
Russian fuel oil exports in July fell 11.6% year on year to 2.532 million.
- Oil declines as China plans tariffs on imported US crude, escalating trade war
Oil settled lower Friday amid renewed concerns that spiraling US-China trade tensions could blunt global energy demand growth.
- FUTURES: Crude stable to higher ahead of US Fed speech
Focus Friday afternoon was turning to Powell's speech for cues on further rate cuts, as a weaker US currency tends to support global oil prices.
- Trafigura sells 10 Suezmaxes to Frontline; picks 8.48% stake
Five of the Suezmaxes will be chartered back to Trafigura for a three-year period at $28,400/day, with a 50% profit sharing above the base rate.
- External: Global Risk Management
- Singapore heavy distillate stocks increase 3% on week as imports recover
Traders said more low sulfur fuel oil cargoes are coming into Singapore, contributing to the total residue stocks.
- Petrobras to test marine fuel at Duque de Caxias refinery ahead of IMO 2020
"During the period of tests, the marine fuels to be offered in the port of Rio de Janeiro most likely will contain a lower viscosity," Petrobras said.