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23 September 2021 The on-line newspaper devoted to the world of transports 23:58 GMT+2

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Sched Netweb site
AUGUST 8, 2018
  • CMA CGM levies rate hikes on Asia-Med/African cargo from August 15
  • Europe's smaller ports provide less fuss and muss for harried shippers
  • Arbitration ruling upholds DP World contract, but Djibouti still defiant
  • Trade war will hurt S'pore, but ASEAN will uphold WTO rules: Balakrishnan
  • US Commerce Secretary likens China trade war to 'painful' start of dieting
  • US Secretary of State sees 'Belt and Road' creating 'strategic dependency'
  • S'pore-flagged 9,600-TEUer busted in Caribbean with tonne of cocaine
  • Black leaders hail Trump administration's fuel efficiency mandate's end
  • Denmark's DSV's profit up to US$228 million with all units doing well
  • Saudi's King Abdullah port sees box volumes skyrocket 51pc to 1.2m TEU
  • Intermodal fortunes rise, but shippers brace for higher rates to come
  • Amsterdam Schiphol posts gains in bellyholds, but slot restrictions hurt
  • Pilots protest study that sees co-pilot role assigned to drone control
  • Held up by customs, Afghan fruit exporters now resort to air corridor
  • Atlas Air Q2 volume revenue at record high, but fails to prevent a loss

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Exim Indiaweb site
AUGUST 7, 2018
  • Liberia introduces QR codes & other electronic certificate security features
  • Logistics Plus India celebrates 5th anniversary
  • MOL to issue Japan's 1st green bonds aimed at individual investors
  • Rising to the digital challenge in shipping
  • APSEZ clocks highest quarterly throughput in Q1FY19
  • Colombo port cuts transhipment rates
  • DPT Chairman meets with port users & stakeholders
  • JNPT focusing on generating solar energy
  • Major Ports may acquire controlling stakes in Dredging Corporation: Minister
  • NTC Logistics India launches game-changing Tower Shift Adaptor

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IHS Maritimeweb site
AUGUST 7, 2018
  • Delays, draught, and terminal woes hit box lines in Myanmar
  • German feeder shipowners merge chartering
  • Port of Rouen poised for cargo volume growth
  • Thoresen Thai Agencies buys into water contractor as it bids to diversify
  • DP World broadens shipping portfolio as it buys Unifeeder
  • MOL to issue USD90 million of green bonds
  • Newbuildings off the cards until cargo volumes pick up, says SM Line

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The Loadstarweb site
AUGUST 7, 2018
  • DP World acquires shortsea specialist Unifeeder from private equity group
  • Djibouti rejects 'biased' London court ruling over Doraleh box terminal seizure
  • Clearance is key in international e-commerce race, says Panalpina
  • CrimsonLogic launches plug-and-play blockchain solution OTB
  • Maritime UK says Article 50 process should be extended
  • Agility reports 24% rise in first-half profits

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Marine Logweb site
AUGUST 7, 2018
  • NTSB issues preliminary report on deadly duck boat sinking
  • Nordic Capital sells Unifeeder Group to DP World
  • Maersk lowers its expectations for 2018
  • V.Group launches Fleet Cell of the Future
  • Tanker owner opts for ABS Enterprise Asset Management program
  • Liberia adds more certificate security features to WayPoint web portal
  • ChartCo to launch new e-navigation and compliance platform

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Lloyd's Listweb site
AUGUST 7, 2018
  • Iran 'blocking statute' will mean little for shipping, experts warn
    Tanker operators have window to continue lifting until November
  • Iran's oil exports fall as US sanctions kick in
    France, Italy and Greece cut buying despite Brussels seeking to use a blocking statute to mitigate the sanctions' impact. Meanwhile...
  • Capes keep momentum on Brazilian iron ore demand
    Higher steel prices encourage the use of better quality iron ore sourced from Brazil, adding to tonne miles
  • Expansion starts when merger completes
    What we know now is that ship prices are low and owners' egos are high, let alone the national interests...
  • Maersk revises down earnings outlook
    High bunker costs and low freight rates hit ebitda forecast
  • MISC's first-half profits sharply down with weak offshore and tanker earnings
    Malaysian owner encounters 'volatile and challenging' market conditions but will continue business development, says chief executive Yee Yang Chien
  • Commerzbank shipping book shrinks to €1bn
    Introduction of IFRS 9 rules revalue remaining loans at fair market rates
  • Vitol in 11-tanker sale and leaseback deal with ICBC
    Vitol thought to be taking over vessels' commercial management
  • ICTSI income falls 3% in first half of 2018
    ICTSI handled 4.7m teu in the first half of 2018, an increase of 4% compared with last year
  • DP World ties up the links with Unifeeder acquisition
    DP World's move into feederships has a compelling logic
  • Navigator posts loss as poor charter rates take their toll
    Commercial operations at Navigator's ethylene terminal are expected to begin in the fourth quarter of 2019
  • World boxship fleet update: Summer lull
    Containership fleet treads water but newbuilding backlog threatens to bring imbalance back to the market
  • The future of ship management
    Ship managers big and small will seek to use digitalisation as a tool to reduce operating cost, but issues of...
  • Daily Briefing
    Dirty bunker blends bother fragile supply chain | Riyadh riled over Red Sea risk | US China trade war threatens...
  • DP World buys Unifeeder to support 'trade enabler' role
    Deal pending regulatory approval is expected to close in the fourth quarter of 2018
  • MOL looks to raise $90m from green bonds
    The unsecured five-year corporate bonds are planned to be issued between August and September

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The Journal of Commerceweb site
AUGUST 7, 2018
  • Uber upgrades freight business, plans major investment
  • Mexico's shipping industry taps tech to mitigate rising cargo theft
  • Maersk's profit downgrade darkens container outlook further
  • So far, transshipment reform not boosting most Indian ports
  • Complementing inland reach, Unifeeder deal gives DP World ocean control

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TradeWindsweb site
AUGUST 7, 2018
  • Eagle flies to first profit on bulker rebound
    Positives outweigh slight earnings miss and lower bookings so far into third quarter.
  • DHT reports expected quarterly loss on VLCC pain
    New York-listed owner highlights improving market with majority of third quarter bookings at more robust rates.
  • Commerzbank runoff finds new shipping low
    March out of maritime sector has made for much improved results at German lender.
  • Mercator remains deep in the red
    Indian conglomerate records a $6.8m net deficit in the second quarter of 2018.
  • Expectations too great around WWL, says Danske Bank
    Analyst warns of earnings under-shooting into 2019 given high consensus figures.
  • Fincantieri to invest in naval logistic support
    Italian shipyard partners with Mer Mec to acquire Vitrociset, an Italian provider of logistics support to the defence, security, space and transportation markets.
  • Oslo's M&M Bank poised for IPO next year
    Norwegian shipping financier Maritime & Merchant Bank (M&M Bank) is planning an initial public offering next year. The Oslo bank conducted a $31m share issue in May, which ensures equity of more than $80m. This secures reasonable growth well into 2019, "but in order to grow further, we need additional capital combined with a stock listing", chief executive Halvor Sveen told Norwegian daily Fin
  • Genco Shipping parts with third oldie as renewal continues
    Sale of veteran bulker comes during a summer of heavy investment in newer tonnage.
  • Latsco inks larger tanker loan with ING
    Facility extended to $220m and now covers a series of nine product tankers.
  • Dof Subsea fixes OSV duo for IMR work
    Norwegian owner secures several contracts in Asian Pacific region.
  • AP Moller-Maersk sounds profit alarm
    Profit warning comes just a few months after sluggish first quarter performance.
  • MSC Cruises expansion backed by three lenders
    BNP Paribas, Unicredit and Cassa Depositi e Prestiti will provide EUR 1.5bn in financing for two Seaside EVO class passengerships.
  • Navig8 reveals new platform for scrubber-fitted tankers
    Details come to light as first of eight LR2s is delivered from Chinese shipyard.
  • Bonheur mulls role in Fred Olsen Energy refinancing effort
    Owner of Fred Olsen Cruise Line may step in with some additional capital.
  • Arctic Securities raises capesize forecasts amid 'hot' sentiment
    Change comes alongside one potential "blue sky" scenario for stronger finish to the year.
  • Latest trade war twist a 'serious hit' for tankers
    Allied research chief says new developments negative for fourth quarter but recovery story not killed off.
  • Hunter heads the shipping stock pack in year to date
    VLCC newcomer is top of the stocks amid suggestions from Clarksons Platou Securities market has bottomed.
  • DP World snaps up Unifeeder from Nordic Capital in $695m deal
    Chief executive Jesper Kristensen says Unifeeder is changing horses with more strategic owner.
  • MOL latest to tap "green bonds" for green projects
    Proceeds of fundraiser to go towards BWTS, scrubbers and LNG fuel bunkering, says owner.
  • Poor LNG performance drags down MISC
    Malaysian shipowner sees second quarter net profit slide 45% as tanker arm remains steady.
  • Greece's Meadway Shipping sues over bad bunkers
    UPDATE: IBA looks to 'sort out this mess' with Meadway, according to a company spokesman.
  • Saudi Arabia resumes Red Sea crude exports
    Move comes more than two weeks after two Bahri-owned VLCCs were targetted with missiles.
  • Navigator swings into the red in second quarter
    Shipowner books net loss despite strong fleet utilization, hit by low rates and higher bunker prices.
  • Sewol inquiry fails to identify reason for tragedy
    Year-long investigation into one of South Korea's worst maritime disasters fails to answer many questions.

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American Shipperweb site
AUGUST 7, 2018
  • Second round of China tariffs to hit August 23
    The Office of the U.S. Trade Representative finalized a second tranche of 25 percent tariffs to be imposed on China following Section 301 of the Trade Act of 1974, deleting intermodal shipping containers and four other tariff lines from an initial list of 284 tariff subheadings spanning $16 billion in 2017 import value.
  • Port of Virginia July container volume up 8 percent
    The Port of Virginia says it processed a record 252,679 TEUs of containerized cargo in July, 8 percent more than in July 2017.
  • BluJay acquires Grosvenor International Systems
    Supply chain software and solutions provider BluJay Solutions announced Tuesday it had reached an agreement to purchase Grosvenor International Systems, a provider of customs and compliance solutions to the U.K. and European markets.
  • Secretary of State assigns global terrorist designation
    Secretary of State Mike Pompeo has filed a notice that Abdul Rehman al-Dakhil has been designated a global terrorist.
  • MOL issuing 'green bonds'
    MOL said it will issue bonds with proceeds earmarked for a variety of environmental projects.
  • NAFTA trade growth streak continues
    The total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement - Canada and Mexico - climbed another 9.2 percent to $102.5 billion in May compared with the same month a year ago, according to the latest data from the U.S. Department of Transportation's Bureau of Transportation Statistics.
  • Trade case plaintiffs mark drawback provisions
    The eight plaintiffs in the case Tabacos de Wilson v. United States in a filing with the Court of International Trade on Friday specified which parts of U.S. Customs and Border Protection's proposed rule for modernized drawback it would like to see released as an interim final rule, namely, provisions that would allow for calculation of drawback.
  • A.P. Møller - Maersk slashes earnings forecast
    A.P. Møller - Maersk A/S has become the latest shipping company to lower its full-year financial expectations as carriers have been encountering headwinds from higher bunker prices and volatile spot rates.
  • Parcel costs weigh on DP DHL
    Deutsche Post DHL Group saw its consolidated net profit for the second quarter of 2018 fall 14.3 percent year-over-year to 516 million euros (U.S. $598.1 million), according to the company's latest financial statements.

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The Bunker Bulletinweb site
AUGUST 7, 2018
  • Crude settles higher as Iran sanctions kick back in
    Crude futures settled higher Tuesday on the return of US sanctions on Iran.
  • Return of US sanctions on Iran boost crude futures
    Crude futures settled higher Tuesday on the return of US sanctions on Iran.
  • External: Marine Bunkering(Rotterdam)B.V.
  • Malaysia's MISC sees sharp fall in H1 profits on LNG, petroleum segments
    MISC remains positive about future prospects on crude oil price recovery and increased chartering activity
  • Japan's bunker fuel market braces for delays, congestion as Typhoon Shanshan approaches
    "Tokyo Bay and Kashima ports will be closed from Wednesday," a trader said.
  • TRADER NOTE: Sea Oil Petroleum hires Neil Lamerton for Europe expansion
    Lamerton's company Oceanic Energy will henceforth be trading and broking under the name of Sea Oil.
  • Rosneft's output returns to pre-cut levels
    Rosneft has been rapidly increasing production following the meeting between OPEC countries and non-member producers in Vienna in late June
  • Hong Kong's Orient Overseas posts net loss for H1 on rising bunker costs
    The average price of bunker fuel recorded by OOCL in H1 was $383/mt, a rise of more than 25% year on year
  • India's love affair with US crude intensifies amid Iran puzzle
    Issues with financing or insurance coverage will prevent some Indian refiners from buying Iranian crude, Yang from Platts Analytics said.
  • US, Europe still at loggerheads over Iran sanctions
    Sanctions could remove up to 1 million b/d in global oil supply.
  • Net speculative length in ICE LSGO rises further on higher open interest
    Speculative investors have returned to the oil markets in expectation of continued volatility in crude markets.

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