|JULY 16, 2018|
- Asia-Europe rate flat at US$882/TEU, up 8.4pc to USWC
- US envoy: WTO no place to settle trade dispute with China
- Cosco plans to sell OOCL's Long Beach container terminal
- US trade war could hurt nation's airport, toll roads, ports: Fitch
- MAN to deliver propulsion for Pasha Hawaii's LNG box ships
- Pakistan customs levy illicit 'transit fees', allege Afghan fruit truckers
- Bangladesh's Chittagong port continues to buy equipment to modernise
- Lithuania's Port of Klaipeda plans to rival Gdansk on price alone
- Alibaba, Bollore to collaborate in a string of high-tech projects
- 4 DESS Aquaculture wellboats to have Optimarin ballast systems
- Frankfurt first half air cargo volume flat, falls 2.8pc in June
- DHL offers US-Mexico express to pharma, clinical research
- Lufthansa to add two 777 freighters to replace MD-11 over time
- GE entrusts delivery of world's biggest jet engine to Volga-Dnepr Airlines
- Former Qatar cargo chief Ulrich Ogiermann joins Volga-Dnepr
|JULY 15, 2018|
- MOL's 20,000-TEU vessel gets recognition
- UK freight forwarders association expresses mixed feelings on Brexit White Paper
- WISTA International approved for IMO consultative status
- Indian tea exports to Iran face US heat
- APM Terminals Pipavav inaugurates Rampara check-dam under its CSR project 'Pravah'
- Essar Ports to invest $ 70 m for expansion at Hazira Port
- Essar Vizag Terminal commissions state-of-art iron ore handling complex
- Key issues considered at DPT Board meet
- Krishnapatnam Port strengthens its container handling capacity by commissioning 5 new eco-friendly e-RTGCs
- Mohammad Shahid is new Vice-Chairman & CEO of Gujarat Maritime Board
- Port of Antwerp has best half year ever
- Shreyas Shipping working on clearing grounded vessel off Kolkata
- Three Major Ports to acquire DCI
- Allcargo Chennai CFS organises mass safety induction drive for truck drivers & their families
- Transworld Group's logistics arm BSL Freight Solutions opens office in Jaipur
- Exports up again in June
- Ministry of Commerce empowers AEIDA to issue Certificate of Origin
|JULY 16, 2018|
|JULY 13, 2018|
- Maersk shifts services as Felixstowe delays continue
- Blended fuels pose a risk to non-retrofitted vessels
- Tui Cruises orders two 'ultra-eco-friendly' ships from Fincantieri
- HHI workers strike as offshore yard closes
- Fredriksen's Ship Finance sells VLCCs to ADS
- US tariffs on China threaten a third of inbound containerised trade
- Chinese grain trader COFCO looking to buy Russian terminal
- LPG fleet sale leaves Sanko with three bulkers
- More demand for domestic shipping in Japan as flood cripples rail network
- Container-ship scrapping plummets in 2018
- US railway chief confirms stranded 'tariff' ships
|JULY 13, 2018|
- Muted industry welcome for May's Brexit white paper - little mention of haulage
- Quiet week for spot rates, but box carriers need to act to 'stop the rot'
- $250m cash injection to boost tech firm GoGoVan's global expansion ambitions
- Hawaiian Air and JAL ready to join forces in the cargo business
- Analysis: COSCO and OOCL - a big, well-managed world leader in the making
- Trump's trade war with China pierces the heart of Michigan
|JULY 13, 2018|
- McAllister's powerful new tugs get warm welcome in NYC
- TUI Cruises goes big with order for LNG fueled duo
- VIDEO: Metal Shark and ASV launch range of autonomous vessels
|JULY 13, 2018|
- D'Amico inks second product tanker deal in two days
The sale and leaseback deal adds to liquidity needed for the company's fleet renewal programme
- Yilport makes offer for Taranto Container Terminal
Turkish conglomerate aims to bring services back to southern Italian port
- The Lloyd's List Podcast: Cleaning up the industry with ITOPF
Listen to the latest edition of Lloyd's List's new weekly podcast - your weekly briefing on the stories shaping shipping...
- The Interview: Sveinung Støhle
The Höegh LNG chief has seen highs and lows of the industry. While the LNG trade is widely expected to...
- 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
- Ocean Yield to maintain rapid pace of expansion
Oslo-listed lessor has spent more than $500m in ship investments per year since its 2013 IPO
- Jefferies predicts higher shipping costs for miners
An increase in realised iron ore prices should offset the higher shipping costs for Australian miners Fortescue, Rio Tinto and...
- Fincantieri secures LNG order from TUI Cruises
The TUI-Royal Caribbean joint venture will get the new ships in 2024 and 2026
- Forwarding sector has 'mixed feelings' over Brexit plan
Cautious welcome from BIFA as FTA supports UK proposals
- Technological 'mishmash' of old and new is a transitional phase
The industry should be focusing on how the next generation of ships will be profitable rather than on the mishmash...
- DP World threatens legal action over Djibouti trade zone
Disputed concession remains in place despite government's actions
- Ship Finance sells three VLCCs to ADS
Frontline terminates the charter deals for the ships and will pay $10.1m compensation
- Australia bans Chinese bulker for underpaying crew
Australia says it will not tolerate mistreatment of crews
- Maersk looks to Liverpool as Felixstowe continues to struggle
2M alliance shifting two calls to Liverpool from Felixstowe for three months
- The power of externalities
With strong supply-demand signals, external factors such as Washington's policy preferences have become the strongest risks to shipping markets
- Wärtsilä nets $198m scrubber retrofit order
The unnamed company will install the scrubbers on vessels larger than 10,000 teus
- Chinese emission rules will inflate secondhand prices
The price of 15- 18-year-old ships will fall, while the price of five- to eight-year-old ships will rise, Hartland shipping...
- Daily Briefing
Shipping can't take the politics out of Brexit | UK maritime industry reacts to Brexit blueprint | Exclusive interview: Sveinung...
- Gas carriers boost HHI new orders
But the lacklustre performance in its offshore division has offset the improvement
|JULY 13, 2018|
- Brazil truckers, shippers/business groups disagree on freight rate table
- Trans-Pac spot rates rise again amid third service cut
- US shippers and chassis providers clash over planned SE chassis pool
- Felixstowe congestion forces two temporary Maersk service changes
- Union Pacific CEO sees no long-term intermodal 'capacity crunch'
- NY-NJ makes do without gray chassis pool
- Chennai Port slashes shortsea and transshipment rates
|JULY 13, 2018|
- Yilport makes move for Italian boxship port
Italian terminal would add to holdings in Turkey, Norway, Sweden, Portugal, Spain, Malta, Ecuador and Peru.
- Okeanis tanker grounds in Suez Canal under pilot
A laden Okeanis Eco Tankers suezmax has grounded while under pilot in the Suez Canal. Newly-listed Okeanis said in a statement the 159,000-dwt Kimolos (built 2018) touched bottom while transiting the waterway. While the ship has suffered some damage to the hull, there are no reports of any pollution or injuries following the incident. Okeanis Eco Tankers nets $100m ahead of listing Okeanis sai
- Scorpio hikes convertible swap by $15m
Extension reduces next year's repayment while boosting new convertible issue over $200m index threshold.
- PGS loses final $11m appeal against GC Rieber
Norway's supreme court awards claim and costs in row over payment for seismic ship.
- Arctic: mid-year bodes well for capesizes
Investment researcher foresees further upside for biggest bulkers entering in second half of year.
- Color Line buys and charters back Finnlines ro-ro
Norwegian group sending Finncarrier back to Grimaldi owner until January.
- Jinhui Shipping buys offices for $8m
Hong Kong bulker owner wants to diversify a little from cyclical shipping markets.
- Wartsila signs $198m scrubber deal
UPDATE: Sources link MSC as the owner fitting exhaust cleaners on its fleet.
- Fredriksen sells VLCC trio to Larsen's ADS Crude Carriers
Tycoon's Ship Finance is investing in the sector newcomer which is lining up a Merkur Market listing.
- Doun Kisen supramax sold
Greek buyers are suspected behind the purchase of 10-year old supramax
- Smit crane vessel heading to burnt-out boxship
Oil spill response teams also in place in case of leaks from grounded SSL Kolkata.
- d'amico International Shipping inks leaseback deal
Transaction is the second in as many days to raise the shipowner's cash position.
- Jan De Nul takes over part of Vroon's MPI
Jack-up crane ship and employees to be transferred to Belgian owner.
- Australia bans Shandong bulker over crew pay
Crew on Chinese vessel were deliberately underpaid, AMSA says.
- Sales talk swirls around BW Group VLCC pair
Deal would extend an active week for Singaporean shipowner in the tanker space.
- Cargill annual net profit hits $3.1bn
Trading and chartering giant Cargill has reported a $3.1bn net profit for its 2018 financial year. This is up 9% from 2017. Revenue grew 5% to $114.7bn. In the fourth quarter, which it described as very strong, operating earnings totaled $809m, a 76% jump year-on-year. "Our strong results show we are creating the connections the world needs for vibrant food and agriculture both today and tomorr
- TUI, Royal Caribbean order LNG cruise double
TUI Cruises venture picks Fincantieri for fleet expansion.
- Rokke's Akastor cuts loss as revenue rises
And OSV company looking ahead to more lucrative contracts.
- Hyundai Heavy workers walk out
Hundreds stage partial strike over job security.
- SCI calls time on two LPG carriers
India's largest shipowner sells its two oldest gas carriers for scrap.
- Sale of midsize carriers to take Sanko out of LPG
Japanese owner Sanko Steamship is about to exit the market for LPG carriers. Brokers in Europe said the company is set to sell the Hyundai built 35,000-cbm Sanko Innovator and Sanko Independence (both built 2008). Japanese yards target foreign ship contracts Sanko seizes JIT funds ahead of arbitration fight They are understood to have gone for some $15m to $16m each, possibly to an Indonesia
|JULY 13, 2018|
- Commerce lifts ZTE export ban
After Chinese telecommunications company ZTE placed $400 million in escrow at a U.S. bank, the Commerce Department lifted its export denial order against the company, which had been in effect since April 15, Commerce Secretary Wilbur Ross announced Friday.
- Jamaica creates Special Economic Zone Authority
As part of a "global logistics hub initiative," officials from Jamaica opened an authority to oversee special economic zones that it says can offer advantages over a current free zone program.
- 'Pivotal' EU ruling threatens use of transfer prices for customs value
A December ruling by Europe's highest court could impact the ability of multinational companies doing business in the EU to make retroactive transfer pricing adjustments for purposes of customs valuation, trade analysts familiar with the case said recently.
- Trucker Tools picks up $4.4 million investment
Trucker Tools LLC has closed its Series A funding round, raising $4.4 million from existing investors. Prasad Gollapalli, founder and CEO of the Reston, Va.-based shipment visibility, capacity management and predictive freight-matching solutions provider, said the company will use the new funding to accelerate product development, bolster implementation resources and expand its sales and marketin
- UPS, Teamsters reach five-year Freight labor pact
UPS and the International Brotherhood of Teamsters, which represents about 11,000 UPS Freight employees, have reached a tentative agreement for a new five-year master contract.
- Yilport seeks port concession in Taranto
Yilport Holding has submitted an offer for the Taranto Container Terminal concession in southern Italy.
- Multipurpose shipping multilayered
Rising bunker prices act as a double-edged sword for multipurpose shipping. Higher oil prices are good for the sector since they typically lead to an increase in investment and, therefore, project cargo, according to London-based maritime research and consulting firm Drewry. On the flip side, these higher prices eat into earnings potential for carriers.
- Imports peak at Port of Oakland in June
The Port of Oakland said containerized inbound volume reached an all-time high of 87,207 TEUs in June. That beat the previous monthly record of 84,835 containers set last July.
- SGL takes majority stake in Malian 3PL
Scan Global Logistics has acquired a 55 percent stake in Bamako, Mali-based Macca Logistics, which includes offices in the West African ports of Dakar and Abidjan.
|JULY 13, 2018|
- Weaker Urals market stimulates demand for fuel oil
The oversupplied low sulfur fuel oil market in Northwest Europe could see some rebalancing amid the prospect of refiners running sourer slates with Russia's medium sour Urals crude differentials plummeting to their lowest level since early May
- China's SHFE sets opening price for 380 CST bunker contract at Yuan 2,988/mt
China's Shanghai Futures Exchange has set an opening price of Yuan 2,988/mt ($448/mt) for its 380 CST bunker fuel oil futures
- Traded MOC bunker volumes down on week on Rotterdam delays; sources
- INTERVIEW: Fuel supplier Bomin seeks exclusive deals to sell 0.5% S bunkers
"As a supplier this is one of the most important tasks for us right now."
- Wartsila signs EUR 170 million scrubber deal with European shipping company
Wartsila will also provide engineering and site advisory services for the vessels, it said.
- UK's Royston develops algorithm for bunker fuel efficiency, carbon monitoring
The ecospeed module also provides details of CO2 emissions and voyage duration to aid informed decisions on vessel speed and environmental performance
- Newbuild orders in Q2 plunge 62% on quarter to $4.58 billion: VesselsValue
Rising asking prices from shipyards partly to blame for the drop.
- Japan poised to halt Iran oil loadings in Aug ahead of US sanctions
Japanese shipping companies have decided in principle not to accept any Iranian oil cargoes loaded in August.
- IEA sees fuel oil supported by geopolitics, seasonal Pakistani demand
Iran is a key fuel oil exporter and potential supply disruption from upcoming US sanctions has lent support to fuel oil cracks globally.
- OPEC president tells Iran monitoring committee will review output compliance
The committee is scheduled to meet September 22-23 in Algiers