|JULY 13, 2018|
- New terminal software slows Felixstowe to 80pc of what it was
- Global laden boxes hit 14.4 million TEU in May, up 1.3pc: CTS tally
- Hong Kong undertakes 12-month reclamation at Shek Kwu Chau
- Recruiting and retaining US truck drivers cries out for a solution
- US goods, services trade deficit falls 6.6pc in May to US$43 billion
- T.S. Lines celebrates 17th anniversary by expanding self-owned fleet
- CEVA Logistics starts refinancing of existing debt facilities
- New feasibility study for port of Miami to further deepen harbour
- ATI's Manila south harbour handles record 560,000 TEU in 1H
- Hapag-Lloyd wonders: What does 'America first' mean for global trade?
- Hong Kong's Henry Cheng to buy Irish plane lessor for US$2.8 billion
- Ethiopian to buy 20pc of Eritrean, says Ethiopian Press Agency report
- China Eastern looks to US$2.2 billion share sale to buy new planes
- Korean Air cargo service to Delhi adds to Mumbai, Milan, Vienna
|JULY 12, 2018|
- FFFAI urges for more clarity on services sector
- P. Sethuraman, CFO, set to retire after 40 years with Transworld Group
- Publishes second sustainability report prepared in accordance with GRI G4 Standard
- Sanjay Bandopadhyaya is new Additional Secretary in Ministry of Shipping
- Indian tea exporters in plans to resume shipments to Iraq
- Chennai Port offers new concession in vessel-related charges for ex-im transhipment containers
- Indian Ambassadors meet JNPT officials to promote trade
- Scanning machines to be operational at Cochin Port soon: CGST Chief Commissioner
|JULY 13, 2018|
|JULY 12, 2018|
- London market voices disappointment with Brexit plans
- A year on, Kea Trader salvage operation is still in stormy waters
- E-navigation 10 years on
- Bourbon CFO de Bréon resigns as debt negotiations continue
- THE Alliance cuts loop ahead of expected US-China trade war impact
- Thoresen's fleet rejuvenation continues, sells 23-year-old bulker
- Japan's LNG bunkering tankers get government subsidies
|JULY 12, 2018|
- Contship Italia doubles Milan-Zurich intermodal rail services
- Market insight: Pick-a-merger time for Hapag Lloyd as suitors line up
- Container leasing market under pressure as carriers cut back
- UK lettuce crop sizzles so air cargo turns over a new leaf for growers
- CMA CGM names Tim Haas chief commercial officer, North America
|JULY 12, 2018|
- Eastern passes another Offshore Patrol Cutter program milestone
- E.N. Bisso & Son acquires Port Canaveral tug operator Petchem
- Norwegian exercises options for fifth and sixth Project Leonardo ships
- Decatur launches computer based maritime cyber security training
- Steady progress on new ATB for Bouchard Transportation
- VIDEO: Hull Vane retrofit dramatically boosts French OPV's performance
- Maersk Supply Service completes 10,230 NM tow
- Gladding-Hearn delivers pilot boat to Virginia
|JULY 12, 2018|
- Norwegian Cruise Line orders duo from Fincantieri for $1.87bn
Latest deal follows four-vessel order with Fincantieri in February 2017
- More's the pity, but shipping cannot take the politics out of Brexit
Government proposals offer pragmatic way forward, but Brexiteers are not biting
- UK maritime industry reacts to government's Brexit blueprint
Much said to depend on European Union reaction
- DNB reduces shipping default exposure by more than $3bn
DNB cuts shipping default exposure to $9bn
- Yang Ming turns to low-sulphur fuel to meet IMO cap
Taiwan-based carrier says the final decision has not been made yet
- New emission rules in China to hit cabotage bulker trade
Small bulkers markets could face overhaul from Beijing's new environmental initiative
- Felixstowe says its performance is 'not good in all areas'
Wait times reduced but performance is still below pre-upgrade levels
- Nakilat improves cost reduction and expands fleet
Company's fleet consists of 65 liquefied natural gas carriers, four liquefied petroleum gas carriers and one floating storage regasification unit
- South Carolina continues growth spurt
South Carolina Ports Authority boosts liftings beyond previous record as June cargo volumes soar
- Kea Trader salvage turns to reef clean-up
Helicopter landings to remove items from the wreck are no longer possible as the forward section is listing 20 degrees...
- Bordeaux loses feeder service
Rail to take the strain as MSC takes drops Bordeaux-Antwerp service
- Quarterly Outlook: Law
New rulings on the Hague Rules and time-barring of claims for awaiting orders could have profound implications in future shipping...
- Viewpoint: Death by ferry
The lives that will hopefully be saved in the future will be saved by practical ferry people, not bankers of...
- Daily Briefing
Shipping forum voices concerns as Trump extends tariffs | EU recycling rules could force owners back to Asian beaches |...
- Bourbon chief's niece resigns as CFO
Resignation comes a day after Bourbon signed a general waiver with its leasers and debt holders
- POSH enters Taiwan offshore renewables market
Move comes as government in Taipei aims to install 5.5 gigawatts of wind farms by 2025
|JULY 12, 2018|
- APL's LA Pier 300 customer focus system slashes truck turn time
- New Trump tariffs would hit one-third of containerized imports from China
- European ports hopeful about breakbulk despite geopolitics
- Tech investors pump funding into 'predictive freight matching'
- Analysis: Tight US surface capacity requires early peak season shipments
- Krishnapatnam Port's new gantry cranes to boost fluidity
|JULY 12, 2018|
- Ultranav linked to demo sale of gas ship
Chilean owner said to have scrapped ship ahead of special survey and as charter winds down.
- Suezmax Chartering disbands tanker pool
Trio of tanker owners follow VLCC Chartering's move and opt to go it alone
- Arne Blystad sees Songa profit margin shrink as revenues fall
Holding company's real estate and finance activities buoy figures as shipping arm is hit by slump in charter rates
- Fearnleys posts rise in revenues of 16%
- Retail investors face $93m loss on JR Shipping vessels
Creditor takes control of 11 vessels after calling time on debt
- Diamond taps M&A advisor as investors seek exit strategy
Tanker owner once bankrolled by Wilbur Ross may be latest major player in consolidation talks as the clock ticks down for private-equity backers
- Italian court rejects Lighthouse appeal in Bottiglieri saga
Bottiglieri fends off Pappas-Zagari bid as court rejects Lighthouse appeal
- Smit in pole position for heritage site wreck removal job
Salvors prepare bids for removal of SSL Kolkata hull off India's environmentally sensitive Sundarbans
- Evergreen ramps up renewal plans with feedership enquiry
Taiwan liner operator invites bids from yards for up to 24 vessels of two sizes
- Contships bags more feeder boxships as steady fleet expansion continues
- Shipping must stop cheating way out of emissions
Windship Technology director Lars Carlsson says scrubbers a waste of money and time's now to eye sustainable propulsion
- Lessons from China for the White House on the art of (trade) war
It was easy to dismiss early skirmishes in Donald Trump's Twitter-fuelled tirades against the trade deficit with Beijing, but with new tariffs now in place, the implications are becoming serious
- Astomos shifts focus of LPG fuelling drive to Japanese market
But shipowner and trader says it could take time for some Asian operators to embrace the concept
- Sovcomflot's new stamp is an ice-breaker
- Travel fan embraces his new role
- New Excelerate boss guns for growth on fleet expansion vision
Steven Kobos says he is 'in perfect alignment' with owner George Kaiser's intentions for his floating regasification company
- Greater flexibility secret to Excelerate's FSRU success
- First non-Arc7 heads to Yamal to help fill LNG carrier demand
- Fredriksen ups LNG newbuild tally to five
- Shell sends out speedy tender for LNG vessels
Energy major starts stealthy and selective search process, igniting speculation that it may have tonnage in its sights
- EDF Energy nears second NYK ship
- Subsea ships hold 94% of value in Toisa sale
- North Sea delays dash owners' hopes for hot-spot summer
Delayed rig work and vessel reactivations mean reality has not lived up to last year's forecasts
- Seismic 'canaries' chirping as revenues on rise
- Princess Royal praises bravery of seafarers
- New pair at helm of Bermuda flag targets fleet growth
- Now, Mr President, you need to prove the US flag is in safe hands
The Paris MOU's grey middle-tier safety ranking is not a place befitting the fleet of a superpower
- JLT launches fresh P&I push as opportunities open up in Japan
Broker hires former Britannia Club chief executive and Japan veteran John Trew to lead the charge
- Latsis sets up new Marla Tankers management
Greek owner said to has formed outfit to operate recently bought LR2 vessels
- Utkilen newbuilding goes on charter to Fairfield Chemical
- Hyundai buys back last Whale ore-oiler from former TMT fleet
- China gives even younger ships the thumbs down
Authorities tighten grip on import rules as critics argue that the change creates 'quasi-Jones Act' conditions for the country's domestic trade
- Nisshin cape emerges in Minerva fleet
- Ocean Yield ups liquidity with new loans
Vessel leasing company adds more bank loans in order to finance upcoming acquisitions.
- Dileton scraps tanker
- TI and Frontline split on VLCC Chartering venture
Tanker giants go their separate ways, with suezmax partners working a similar arrangement expected to follow suit
- Harren & Partner buys back Blue Giant
German owner acquires OCV it originally ordered in 2008.
- Golden Ocean buys back $1.4m of bonds
John Fredriksen-controlled owner purchases notes due next year.
- Wilson buys German-owned bulker
Norwegian owner brings its fleet to 118 vessels with latest acquisition.
- Mokster reveals four new OSV charters
Norwegian owner signs up ships with new customers DEA and Siem Offshore, plus Aker BP.
- Solship Invest stretches debt postponement
SolstadFarstad subsidiary still in talks over a long-term financing solution.
- EU clears $40m Croatian ferry plan
Commission finds aid for routes to islands is within its rules.
- Goldman Sachs upgrades Maersk and Hapag-Lloyd
Merchant bank has Maersk at buy and its German rival at neutral.
- SeaBird selling shares to buy CGG OSV
Norwegian owner to raise up to $15m for seismic vessel acquisition.
- Salvage progress made a year after Kea Trader grounding
Boarding broken boxship remains tricky, but most containers removed.
- KOTC gas carrier faces breaker's torch
Vintage LPG carrier sold ahead of Kuwaiti company receiving newbuildings.
- Flex confirms sale and leaseback as newbuild hits the water
Flex Rainbow deal is slightly unusual for a company backed by Norwegian tycoon.
- Maersk Broker chief says first half of 2018 was 'very active'
- d'Amico International Shipping sells oldest product tanker
Transaction raises cash position of Milan-listed shipowner.
- Teekay Offshore buyback ends on $222m
Shuttle tanker owner now has $78m of 2019 bonds outstanding.
- DNB reverses impairments of $47m
First half sees "slightly positive" development in offshore and oil and gas.
- Family remains in control as Vroon looks to exit choppy waters
No change at Dutch owner following debt refinancing, with markets expected to improve 'slowly but surely'
- Vroon to exit MR sector with sale of its last two product tankers
Bulker and AHTS disposals also planned as Dutch owner continues to adjust capacity
- De Chateauvieux's niece quits as Bourbon CFO
Astrid de Breon staying until replacement found at French OSV owner.
- POSH heads to Taiwan in windfarm joint-venture
Kuok Group's offshore company teams up with Kerry TJ Logistics to target Taiwan's offshore renewable market.
- Yang Ming opts for low sulphur fuel ahead of IMO 2020
Taiwanese liner player says cleaner fuel and more efficient ships are its ways forward for greener shipping.
|JULY 12, 2018|
- 2M Alliance scaling back on Asia-North Europe trade
The 2M Alliance of Maersk Line and Mediterranean Shipping Co. plans to suspend one of its loops on the Asia-North Europe trade in the coming months.
- With $400 million will come ZTE ban lift
The U.S. Department of Commerce on Wednesday said it has signed a previously announced escrow agreement with ZTE and that once the company deposits the full $400 million, the Bureau of Industry and Security will lift the denial order currently prohibiting U.S. firms from exporting to the telecom giant.
- Impact of trade war expected to grow over time
Briefings from the consultants Drewry and executives at the Port of Long Beach uggest that while the effect of tariffs being imposed by the United States and China on the container shipping industry will be relatively mild this year, the impact could become more severe if a trade war continues.
- CMA CGM investment in CEVA gets green light
CMA CGM, the world's third-largest container shipping company, obtained all regulatory approvals required for its investment in CEVA Logistics, allowing it to become a regular 24.99 percent shareholder in the asset-light third-party logistics provider.
- Senate passes motion for voice in tariff decisions
The Senate by a vote of 88-11 on Wednesday approved a motion introduced by Sen. Bob Corker, R-Tenn., to instruct lawmakers to include nonbinding language in pending energy and water spending legislation to set forth a role for Congress in making determinations under Section 232 of the Trade Expansion Act.
- Coalition wants U.S. to take stand on Chinese racks
The U.S. Commerce Department has initiated antidumping and countervailing duty investigations of imported steel racks from China.
- BluJay updates global trade network platform
BluJay Solutions, a supply chain software and services provider, has updated its global trade network platform.
- Envirotainer getting new private equity owner
Envirotainer, a Stockholm-headquartered company that is the leading supplier of containers used to move pharmaceutical products by air, said Thursday that Cinven, a private equity firm, has signed an agreement to acquire all shares in Envirotainer from current majority shareholder AAC Capital for an undisclosed sum.
- Executive Moves: GSO, SeaCube
GSO has appointed Randy Swart as company president. SeaCube Container Leasing has hired Greg Tuthill as chief commercial officer.
|JULY 12, 2018|
- Bunker operations at Gibraltar edge down on week: port authority
The number of bunker operations at the Mediterranean bunkering hub of Gibraltar was slightly lower on the week although congestion remained
- ARA fuel oil stocks fall 20% on busy barge loadings
Fuel oil stocks in the Amsterdam-Rotterdam-Antwerp hub fell 20% in the seven days to Wednesday to 1.206 million mt, after reaching a record high of 1,614,000 mt in the last week of June
- Chinese independent refiners to slow crude imports in H2 as tax reforms pinch
Lower crude procurement will impact trade flows as the independents secured crude from a variety of sources
- FUTURES: Crude rebounds on bullish OPEC, EIA data
"Markets are recalibrating at the moment and you can see a bit of bargain hunting also at present, supporting prices this morning," a Philip Futures analyst said.
- US-China trade war could shake up Asia rankings for buyers of American crude
The US-China trade battle raged on with Washington announcing its plan to impose additional 10% tariffs on $200 billion of Chinese goods
- OPEC sees greater need for its oil in H2
Either OPEC would need to raise its output by more than it committed to, or crude would have to come out of storage, if it wishes to avoid a market squeeze.