|JULY 3, 2018|
- Cosco-OOCL deal gets green light from Chinese antitrust agency
- Cosco takes delivery of third 20,000 TEU box ship
- Evergreen boosts Asia-East Africa service to meet market demands
- Wan Hai Lines looks to order four new box ships in second half of 2018
- SITC orders two more feeder ships from Yangzijiang Shipbuilding
- Transpacific capacity outstrips demand, pulling down freight rates
- Future of container shipping industry is uncertain: study
- US DOC downgrades Q1 US GDP estimate again to 2pc growth rate
- Human error plays a role in cyber security breaches in maritime sector
- Canadian Eastern port development challenged by lack of coastal strategy
- DHL eCommerce opens Melbourne distribution hub to drive e-commerce
- Cathay 'cautiously optimistic' about cargo in second half 2018
- Upgraded AAT cargo terminal 1 re-opens at HKIA
- CH Robinson prepares for custom rule changes under Brexit
|JULY 2, 2018|
- Agreement reached on expansion of DP World Prince Rupert Fairview Container Terminal
- CMA CGM Group announces extension of its emergency bunker recovery measures
- Freight forwarders warned not to expect compensation for Felixstowe disruption
- Ganga Jal Marg Vikas Project to be completed this year before schedule
- Key issues discussed at CHENSAA's 62nd AGM
- MSC makes first melon shipments from Spain to Asia using Controlled Atmosphere technology
- Scandinavian Shipping & Logistics acquires Unitrans
- Tariffs on Chinese goods seen impacting Southern California ports
- Oilmeal exports from India drop 8 pc in first two months of this fiscal
- APM Terminals Pipavav certified as AEO
- APM Terminals Pipavav hosts trade meet in New Delhi
- Indirect tax collections increase by 11.9 pc; 1.5 pc increase expected in the non-oil category post GST roll out: Arun Jaitley
- Shipping Secretary Gopal Krishna highlights salient features of cabotage relaxation at South East CEO Conclave 2018 in Chennai
|JULY 2, 2018|
- Cargo transport via Hyperloop may disrupt ports
- Dredging behemoth Royal IHC brings its engineering expertise to the Hyperloop project
- Qingdao port and PetroChina form oil storage JV
- BoComm Leasing orders another Suezmax at HHI
- Korea Ocean Business Corporation to launch on 5 July
- ExxonMobil locks in seven-year deal for Livanos VLCC
|JULY 2, 2018|
- CMA CGM extends emergency bunker surcharge despite fall in fuel price
- Forwarders will get 'no compensation' for cargo delays at Felixstowe
- Latest air freight data reveals growth in American markets - 'but at a price'
- 'Shipping made easy' as Kontainers unveils booking platform for forwarders
- New Loadstar LongRead: a tough time for project cargo sector
- Trump risks $294bn trade tariff reprisals, EU warns
- William Stobart backs former CEO Andrew Tinkler
|JULY 2, 2018|
- Ingalls awarded a further $27.4 million for USS Fitzgerald repairs
- First of four new Damen-designed Young Brothers tugs christened
- Harvey Gulf emerges from Chapter 11 bankruptcy
- Matson and Philly Shipyard christen largest containership built in U.S.
- Danish ferry operator firms up contract for high speed hybrid
- Sandia hydrogen fueled research vessel design earns DNV GL AiP
- Alfa Laval develops computer-based crew training for BWMS ops
- ICS publication endorses IMO's CO2 phase-out strategy
- New Mariotti Damen partnership gets two-ship LOI from Seabourn
|JULY 2, 2018|
- Lloyd Fonds appoints Sturtzkopf to management board
Former KG powerhouse seeking to reinvent itself as fund manager
- Report turns spotlight on 'weak governance' at the IMO
Transparency International warns current structure risks upending a successful greenhouse gas reduction strategy
- Freight forwarders won't be compensated for Felixstowe disruption
Forwarders left to carry the cost of terminal disruption
- Five risks to check: Container shipping
Oversupply worries persists with large newbuilding tonnage, while high bunker bills erode earnings of carriers
- Rate relief for transpacific carriers, but for how long?
Transpacific carriers were looking for GRIs of up to $1,000 per feu from July 1
- BIMCO Pedersen says questions remain over the IMO's sulphur cap
There are many questions and few answers, says BIMCO secretary-general Lars Robert Pedersen
- Odfjell to sell Rotterdam tank terminal for $155m
Odfjell Group plans to sell the terminal to Dutch company Koole
- Gerry Wang condemns 'overly aggressive' IMO deadline
IMO officials are 'muddleheaded' and 'without common sense', Mr Wang tells a green shipping conference in Shenzhen
- CSSF extends free membership programme
Navios signs up to Container Ship Safety Forum
- Maritime tribute for Saadé funeral
Saadé laid to rest as CMA CGM ships honour company founder
- Japan questions Australia's IMO reform push
Japan fears technical expertise in the IMO may be undermined
- Daily Briefing
The dawning of the age of gas? | China to expand ECA to cover all territorial waters | Five risks...
- CMA CGM extends emergency bunker surcharges
Continuing rise in the price of bunker fuel behind move to extend surcharge to pass on cost to customers
- HHI cuts offshore executive roles by a third
HHI has only won $78m of new orders for offshore projects and industrial plants from January to May this year...
|JULY 2, 2018|
- Roadrunner hits LTL road bump en route to recovery
For a time, Roadrunner was the fastest-growing US trucking outfit, as it acquired more than 25 trucking, intermodal, air express, and logistics operators in a spate of acquisitions starting in 2010, pushing revenue to $2.1 billion in 2017.
- APM Terminals Pipavav adds Maersk, Cosco, ONE calls
Above: The inaugural call APM Terminals Pipavav from the Far East service jointly operated by Cosco and Wan Hai.
- Europe 3PLs: Shippers should expect high trucking rates this year
A shrinking supply of qualified truck drivers, combined with above-trend European GDP growth, is pushing the continent's truck rates higher, and analysts had words to the wise for shippers for the year ahead. (Above: Trucks travel on a highway in Berlin, Germany.)
- Brazil strike exposes inadequate rail network, shipper vulnerabilities
Estimates of the strike's cost to shippers, from beef exporters to white goods importers, range from $5 billion to $15 billion.
- Look for economies of service, as well as economies of scale
Having spent the last decade cutting costs to a degree that often disadvantages customers, container carriers have reached a point where they can't slash costs more; even mergers will yield little if any additional value. Thus, carriers have no choice but to begin looking at ways of escaping the vicious cycle of...
- On shippers' transparent fuel charge request, be careful what you wish for
The European Shippers' Council (ESC), supported by well-known consultants, is asking ocean carriers for transparent and accurate fuel surcharges, even if a one-size-fits-all solution doesn't exist. A logical argument can be made for that
|JULY 2, 2018|
- Seadrill emerges from chapter 11
Oslo-listed drillship company will have $2.1bn in cash as a result of the fiscal reset.
- Americana and World Cup steal limelight
Triennial show marks first time that event has been held in both the world's largest consumer and producer of gas.
- Holland America sells Prinsendam
Carnival brand confirms sale of 835-passenger cruiseship to Phoenix Reisen.
- ICTSI nodded for larger ships at Guayaquil
Contecon de Guayaquil (CGSA) can handle 305-metre ships at the Port of Guayaquil.
- Klaveness orders fifth combination carrier
Klaveness exercises option at China's Jiangsu New Yangzi Shipbuilding.
- Hellenic Tankers places first VLCC into Navig8 system
Tanker purchased in May this year adds to Navig8's Greek connection.
- Spain's Cobas takes 5% equity stake in Exmar
Disclosure of stake in diversified energy-related group is latest move by Spanish asset manager into shipping.
- Cocaine found on Enesel boxship
Peruvian authorities discover 24kg of drugs hidden under cargo deck.
- Diana re-fixes to Cargill at firmer rate
New York-listed dry bulk owner sees rate on smaller vessels keep up with gains in capesize market.
- Vermont UM's last bunker tankers in sealed bid auction
Four-ship fleet of defunct Singaporean bunker tanker operator could bring in $28m.
- Portugal introduces new tonnage tax
Portugal has signed off on a new tonnage tax scheme geared at building its maritime industry. The plan comes as part of a wider ambition to develop its shipping credentials in areas ranging from labour, to infrastructure and maritime suppliers. Robert Lorenz Meyer, President of the European and International Shipowners Association of Portugal, said: "Portugal is playing an active role to furth
- Siem Offshore gets banks on board for debt deal
Oslo-listed shipowner says deal will defend against a slow recovery in the market.
- Surging US exports write next chapter in LNG growth story
Flexible and increased supplies open up potential new opportunities for shipping
- Lorenzo Shipping wins $37.4m tax case
Philippines line triumphs in battle with internal revenue.
- Further explosions rock fire-ravaged boxship
SSL Kolkata has developed list and is partially submerged after grounding off India.
- Marc Benioff buys into Windward
US cloud computing guru invests in maritime risk analysis company.
- Top Ships strikes newbuilding leaseback deal with Cargill
Transaction also secures employment for the tanker and adds fresh counter party to the company's book.
- Seabourn inks cruise double at new JV yard
T Mariotti and Damen team up on cruiseship building with fresh order.
- Lloyd Fonds renews Pinter's deal early
New CEO gets another two years.
- Stealth Maritime eyes period deal for former Toisa tanker
Reports of Petrobras time charter are incorrect, executive says.
- PSV rates quadruple in North Sea
Daily earnings hit $29,000 as tonnage supply remains tight.
- BW Offshore sees Adolo progress and signs extended deal
BW Offshore expects first oil from the FPSO BW Adolo before the end of this year. The unit left Singapore this weekend and is heading for Gabon where it should arrive in August. It comes as another BW Offshore unit, the FPSO Umuroa, secured a contract extension until the end of 2019 in the Tui field offshore New Zealand.
- Monjasa too late with claim against GNMTC
Legal action in Tunisia no defence against time-barring of UK case over Libyan aframax bunker deal, high court rules.
- BTI pulls plug on $50m EMAS investment
But other investors express interest in restructuring OSV player.
- VLCC demolition tally hits 29 in first half of 2018
Rush of tankers to the breakers contrasts with limited activity in the dry cargo market.
- NOC declares force majeure as Libyan loadings blocked
NOC says tankers barred at Es Sider, Ras Lanuf, Hariga and Zuetina by LNA.
- Kuwait Oil Tanker Co scraps second VLCC in quick succession
Shipowner reported to have secured around $17m from latest tanker demolition sale.
- Odfjell inks $155m deal to sell Rotterdam terminal
Transaction comes with a $100m book loss but will slice debt by $35m and bring further investment in the facility.
- EDF and Total divest Dunkerque LNG stakes
Korean consortium and Belgian gas infrastructure company take control at French terminal.
- Two killed after bulker mooring line snaps
Seafarer and docker die after accident involving Taiwanese ship in US.
- Jacques Saade honoured at funeral
Fleet assembles in Marseille as Lebanese minister bestows highest state distinction.
- TS Lines doubles up at Kyokuyo
Taiwanese owner declares options for more feederships in Japan.
- New VLCCs gobbling up Asian MR cargoes
Deliveries of large crude carriers are having profound effect on product tanker market, says Gibson.
- Japan Drilling Co seeks court protection
Tokyo court issues temporary restraining order to prohibit repayments as firm looks to restructure.
- Hyundai Heavy cuts third of its offshore executives
World's largest shipbuilder reacts to competition from Chinese and Singaporean rivals.
|JULY 2, 2018|
- CDL examiner gets probation for falsifying tests
A Mississippi man has been sentenced to three years of probation for falsely certifying some 75 individuals had passed the commercial driver's license exam.
- Freight forwarders unlikely to get compensation from Felixstowe
The British International Freight Association (BIFA), which represents more than 1,500 U.K.-registered companies in the logistics and supply chain management sector, warned freight forwarders not to expect compensation from the disruption at the Port of Felixstowe.
- Global Automakers: No national security justification for restrictions
Global Automakers, the National Association of Manufacturers (NAM) and the EU are among the entities that commented in opposition to any tariffs that could be imposed pursuant to the Commerce Department's Section 232 investigation into imports of automobiles and automotive parts.
- SSL Kolkata containers falling overboard
The condition of the SSL Kolkata, evacuated off the coast of India after a fire broke out on board, has deteriorated, and the cargo vessel reportedly has developed a significant list and containers are falling overboard.
- Canada puts retaliatory tariffs into force
Canada on Sunday officially entered into force a long list of tariffs on goods produced in the United States in response to the Trump administration's import tariffs on steel and aluminum.
- Spot container rates may be on upswing
Container freight rates may be building momentum again after slipping last week, according to two of the primary spot rate indices.
- Safety deficiencies found at Virgin Islands airports
The U.S. Federal Aviation Administration has proposed a $1,466,775 civil penalty against the Virgin Islands Port Authority for alleged safety violations at two airports.
- Roadrunner deepens Q1 loss
Downers Grove, Ill.-based Roadrunner Transportation Systems, Inc. posted a net loss of $23.6 million for the first quarter of 2018, deeper than the $19.9 million net loss it recorded for last year's first quarter.
- White House play for broad tariff authority leaked
The Trump administration has drafted legislative language that would give the president sweeping powers to raise tariffs on goods from countries deemed to impose significantly higher duties and/or nontariff barriers on the same goods
|JULY 2, 2018|
- Oil closes lower on Trump rhetoric, dollar strength
The oil complex fell Monday as US President Donald Trump ratcheted up pressure on OPEC to boost production
- European fuel oil, bunker prices hit multi-year highs as crude rises
The 3.5% fuel oil FOB Rotterdam barge market and Rotterdam 380 CST delivered bunker fuel has hit three-and-a-half year highs
- First Suezmax in a month with bunker fuel headed for West Africa from Canaries
The first Suezmax laden with bunker fuel has departed the Canary Islands for the West African market in almost a month
- Asian gasoil structure falls deeper into contango on weak fundamentals
Demand was poor due to an ongoing fishing ban in China, monsoon season in Southeast Asia and India.
- Libya's NOC declares force majeure on loadings at Zueitina and Marsa el-Hariga oil terminals
Daily production losses amount to 850,000 b/d of crude as a result of port closure.
- External: Global Risk Management
- TRADER NOTE: Crude oil trader Patrick Chevaillier leaves Shell
Prior to being a crude trader he was an oil market analyst at Shell.
- Singapore's Vermont UM Bunkering's arrested bunker tankers up for sale
Interested parties have until July 13 to submit bids to The Sheriff of Singapore.
- TENDER DATA: Taiwan's Formosa Plastics Marine buys 12-month Singapore term bunker fuel
At around $1.50/mt discount to the Platts Bunkerwire 380 CST bunker fuel assessments, while the LSMGO differential could not be confirmed.
- Singapore Q3 ex-wharf 380 CST bunker fuel term concludes at MOPS plus $5.50-$6.50/mt
Buying interest was thin as some chose to hold out for possibly more competitive prices in the spot market.
- IEA 'stands ready to act' when asked about US' Iran sanctions impact: Sadamori
Iranian oil buyers have until November 4 to wind down contracts before the US reimposes sanctions.
- FUEL FOR THOUGHT: In Argentina, gas is an emerging threat for refiners
Argentina has pipelines to deliver a total of 20 million cu m/d to Brazil, Chile and Uruguay.
- FUTURES 1: Oil trading lower as Trump renews pressure on OPEC to act
A loss of more than 1 million b/d by November if buyers comply with sanctions on Iran.
- Libya may lose 850,000 b/d of oil output from port blockade says NOC
NOC has not issued a force majeure declaration on Marsa el-Hariga and Zueitina ports, but Ras Lanuf and Es Sider oil terminals.