|AUGUST 6, 2018|
- Asia-Europe rate rises 1pc to US$935/TEU, up 10.5pc to USWC
- Long Beach looks to another record year despite threat of trade war escalating
- CMA CGM's new mega box ship bow design lends to slow-steaming strategy
- Diana Shipping returns from the red in Q2 with profit of US$2 million
- Taiwan's top lines in the market for 50 feeder vessels
- Singapore's PSA acquires majority stake in Canadian shipping terminal
- Global ship safety and inspection platform launched
- Kuehne + Nagel acquires perishables company Panatlantic Logistics of Ecuador
- Air cargo peak season capacity to match demand: industry players
- Schiphol sees cargo demand slide 2.6pc in H1
- Russian freighter ABC gives 66 baby giraffes a lift to China
|AUGUST 5, 2018|
- MOL issues integrated 'MOL Report 2018'
- Tanker scrapping gathering pace
- Yusen Logistics UK acquires e-commerce market leader, ILG
- CBIC Tariff Value
- Chennai Port handles record container rakes
- PPT strongly refutes allegations regarding recruitment irregularities
- PSA to acquire controlling stake in DLI Exim News Service
- Standard Operating Procedure for movement of Domestic Containers from hinterland (ICDs) to JNPT Terminals
- Roads proposed to be constructed under Bharatmala Pariyojana
- FIEO Southern Region chief asks RBI Governor to bring export sector under priority lending immediately
- Special package to boost export of textiles
|AUGUST 3, 2018|
- Djibouti to disregard arbitration ruling on Doraleh terminal future
- Hong Kong shipbuilder seeks arbitration over undelivered ships
- Second online auction fetches USD14 million for bulker
- FSL Trust posts lower earnings with smaller fleet, lower rates
- HMM prepares to resume North Korea coal shipping project
- Onorato enlists newbuildin
|AUGUST 3, 2018|
- Peak season looking happier for carriers with transpacific freight rates set to rise
- Chief financial officer John Hardig to quit XPO Logistics
- XPO hauls in another set of record results and zooms in on takeover targets
- Atlas Air stays bullish on profit forecasts as demand and revenue soar
- Seaspan profits more than double in a 'strong' second quarter
- Market insight: There's no deal - what happened to M&A activity in Q2?
- Heathrow border staff find 'missile parts' in freight shipment to Iran
- Acquisition of Panatlantic strengthens K+N's taste for Latin perishables
|AUGUST 3, 2018|
- Vigor faces $370,358 in OSHA penalties
- Ingalls awarded $165.5 million for LPD 30 advance procurement
- FellowSHIP battery hybrid research project wraps up
- Augmented reality brings new dimension to maintenance services
- Japanese project will demo autonomous berthing and unberthing
- Shipowners welcome extension of EU NAVFOR Operation Atlanta
|AUGUST 3, 2018|
- Fellowship Blog: Our intern reveals what goes on behind the scenes at Lloyd's List
Find out what it's like to work in shipping journalism by following our new intern
- Höegh LNG secures debt financing for FSRU newbuild
The facility comprises a 12-year tranche of $132m guaranteed by K-Sure, South Korea's export credit agency, and a five-year non-amortising...
- The Interview: Peter Hinchliffe
Hinchliffe believes he achieved what he set out to do: to grow the ICS's influence and establish it as the...
- Greeks lift investments in shipping on back of LNG orders
Leading shipping nation on course for three-year high in spending
- Smaller UK ports key to easing Brexit chaos, Peel Ports says
Claim comes as Maritime UK calls for Article 50 extension
- Surge of scrubber orders as owners take the plunge
Time is running out for shipowners to install exhaust gas cleaning systems. A surge of orders is limiting installation capacity...
- Tighter capacity supports big rises in east-west ocean freight prices
Spot rates rise on peak season momentum
- Cement trade helps maintain dry bulk market
The global seaborne dry bulk trade is projected to grow by 2.6% in tonnes, and by 3.3% in tonne miles...
- OOIL posts losses and appoints new management
OOIL and Cosco will adhere to 'Trust Together' concept to drive synergies, says Xu
- Collaboration is key to the class challenge
Expect to see a revolution in how we operate assets during the next few years and much of this will...
- Low water levels hit European barge transport
Hapag-Lloyd warns customers it may not be able to accommodate transport requests
- Aspen plans exit from Lloyd's classes
Aspen will stop writing aviation, international professional indemnity and marine hull at Lloyd's, but says most of its Lloyd's business...
- Seaspan expects low spot exposure to limit trade war impact
US-listed company reports ebitda of $178.6m in the second quarter, beating analysts' estimates
- Daily Briefing
Navios in no rush for scrubbers as dry market heats up | MSC finances China scrubber retrofit programme | Exclusive...
- Jinhui agrees sale of another supramax
Delivery of the Hong Kong-flagged vessel is scheduled by August 5
|AUGUST 3, 2018|
- Halifax port responds to meet pressures on fluidity
- Asia-US West Coast spot rates break $2,000 per FEU barrier
- Indian tech startups take aim at forwarding paperwork
- Stevedores invade ship, arrested; threaten to extend Santos strike
- Capacity restraints cost Schiphol air cargo
- JNPT June dwell time declines, but intermodal rail increases
|AUGUST 3, 2018|
- China may place 25% tariff on US LNG exports
Threat from Asia's largest country may be 'posturing' but could dominate rest of second-quarter earnings cycle and next few quarters, Wells Fargo Securities analyst says.
- 'New era' Vale goes big on scrubbers amid 2020 'structural shift'
Scrubbers will be fitted on LNG-ready guaibamax fleet, with 'progressive' introduction likely for trading ships.
- Yilport bid for Italian port gets thumbs-up
Italian boxship terminal would join 26 other Yilport holdings in Europe and Latin America.
- Viking Line sees volumes shine in July
Viking Line has reported record passenger volumes in July as summer sun helped draw in passengers. The shipowner says the 951,010 passengers on its routes in July surpassed the level seen in 2015, which was a record year for the company. "We are really pleased with the passenger volume trend in July and happy that so many people choose to sail on our vessels," said Viking Line's boss Jan Hanses.
- Capesize rates climb and tipped to remain 'buoyant'
Braemar ACM says other sectors will be harder hit by trade war, while big names lock in cover.
- OOIL set to flex its muscles, says new chairman
Cosco's Xu Lirong says combined container group to exert greater influence in market.
- Aspen pulls out of hull insurance business
Lloyd's syndicate cuts its marine cover on deadline day for business plans.
- Teekay Tankers has more liquidity levers to pull
Kevin Mackay says inflection point is coming this year but more leasebacks and other deals are possible to raise cash if needed.
- Hitachi Zosen posts $51.7m quarterly loss
Energy and environmental machinery blamed along with ship generator activities
- Ezra withdraws Singapore court application
Collapse of restructuring deal leaves OSV owner with US Bankruptcy Court filing and Singapore judicial proceedings
- Teekay Tankers inks suezmax time charter
Brokers suggest transaction is with P66.
- d'Amico sets sights on supramax pool growth
d'Amico Group is looking to almost double the size of its supramax pool which has posted strong results for the first half of 2018. d'Amico International Shipping opts for scrubber on new LR1 D'Amico building new digital fleet HQ The Medi Supramax Pool says its 100 pool point vessel returned a gross rate of $11,696 per day in the first half of 2018, ahead of the $11,113 per day booked by the re
- Hoegh LNG ties up FSRU newbuild loan
Debt finance secured despite no employment lined-up but Arctic Securities says amount is below leverage expected.
- Subsea 7 wins Nexen contract
Subsea 7 has scooped a contract with Nexen associated with the Buzzard Phase 2 Project off Scotland. It will take care of project management, engineering, procurement, construction and installation of a 5km pipeline bundle. Associated well and platform tie-ins and the provision of a heavy lift vessel for transport and installation of a new topside module were also included, a statement said.
- Idan Ofer lines up $1bn deal to restructure Pacific Drilling
Tycoon working with two hedge funds and well-known offshore investor in deal that competes with bondholder proposal.
- NYK eyes more domestic LNG bunkering facilities
Japanese owner is teaming up with more companies in bid to be ready for IMO 2020.
- South Korea set to trial first floating offshore wind turbine
Asian nation only fifth nation to adopt technology after Norway, Britain, Japan and Portugal.
- OSV market to remain 'sloppy and unpredictable', says HOS chief
Deepwater drilling water remains anemic, but will ultimately recover says Todd Hornbeck.
- HOS on course to revive work on stalled MPSVs
Company not walking away from MPSVs after terminated contract with previous shipyard.
- Hapag-Lloyd: Low sulphur only feasible solution for IMO 2020
German shipowner says scrubbers and LNG technology have their limitations for liner sector.
|AUGUST 3, 2018|
- Unauthorized shipments to Iran net export suspension
The Bureau of Industry and Security is activating a suspended five-year export denial order for Narender Sharma and India-based Hydel Engineering Products, after discovering that they did not pay $30,000 to the Commerce Department by Dec. 15, which was a condition of the order's suspension, BIS announced Friday.
- U.S. rail shipments rise 5.2 percent in July
Total combined U.S. freight railroad traffic in July grew 5.2 percent to 2.16 million carloads and intermodal units compared with the same month a year ago, according to the latest data from the Association of American Railroads.
- FTR: Class 8 truck orders 'astounding'
Net orders for North American Class 8 trucks totaled 52,250 units in June, the highest monthly total ever, according to preliminary data from freight forecaster FTR Transportation Intelligence.
- Rhine River water levels may force cargo diversion
Hapag-Lloyd says inland transportation by barge to and from Rotterdam and Antwerp is currently severely delayed as a result of extreme low water levels on the Rhine river.
- Saia's net income shoots up 72 percent
Saia Inc.'s net income for the second quarter of 2018 totaled $30.3 million, up 72.3 percent year-over-year as the company benefited from a lower effective tax rate.
- U.S. transportation, logistics employment slips
Employment at U.S.-based transportation and logistics slid in July after six consecutive months of hiring growth to start the year.
- K + N acquires Ecuadorian perishables specialist
Kuehne + Nagel International AG has acquired the perishables business of Panatlantic Logistics S.A., Ecuador, a Quito-based firm specializing in the transport of flowers and fruit by air, the companies said in a joint statement.
- Yilport offer for Taranto port advances
Yilport Holding says that the agency that manages the Port of Taranto in Italy has "expressed a first positive evaluation about Yilport Holding's proposal concerning the concession of the container terminal."
- Hub Group looking to sell off Mode segment
Hub Group Inc., a multimodal transportation service provider, said it is exploring "strategic alternatives" for its Mode segment.
|AUGUST 3, 2018|
- Buckeye starts permitting process for Corpus Christi crude loading facility: senior executive
Buckeye Partners has started the initial permitting process for its South Texas Gateway terminal at Corpus Christi to load large crude carriers
- Crude futures fall on higher OPEC supply, US-China trade spat
Crude futures fell Friday on rising OPEC and Russian output and concerns that a trade dispute between the US and China will affect demand
- Brazil's Petrobras to install three new FPSOs in third quarter
Brazilian state-led oil producer Petrobras will install three new floating production units at offshore subsalt fields in the third quarter
- OPEC cut compliance down to 105% among members with quotas: Platts survey
Saudi Arabia pumped close to its all-time high in July
- Eastern China ports closed as Typhoon Jongdari makes landfall
Ports along China's eastern peninsula were closed Friday as Typhoon Jongdari made landfall
- Marine fuel supplier Clipper Oil to expand Pacific Northwest operations
Marine fuel supplier Clipper Oil will expand its physical operations in Oregon and Washington
- Rotterdam's Q2 bunker sales slip 5.3% on year
Marine fuel and lubricant sales at the port of Rotterdam slipped by 5.3 percent on the year in the second quarter
- TANKERS: Teekay encouraged by unseasonal dirty freight volatility, scrapping, IMO
Only 19 orders reported this year, mid-size segment has remained below a 5% growth rate.
- Off-spec fuel debunkered at Gibraltar: sources
The fuel is believed to have been shipped from the US Gulf Coast.