|JULY 17, 2018|
- Yang Ming enters into charter agreements for 10 newbuilds
- Maersk to hike North America-Far East rate US$80/TEU, $100/FEU
- 2M to drop an Asia-Europe loop as rates sink and capacity rises
- Global spending on newbuilds tops US$10 billion in first half of 2018
- Iran threatens to shut Strait of Hormuz if Iranian boycott bites
- Contship Italia doubles Milan-Zurich intermodal rail services
- ICTSI declared preferred bidder to run container terminal in Sudan
- BIFA luke warm on May's Brexit white paper, calls it 'untested'
- ICTSI upgrades Manila box shop with Navis terminal software
- New US demands now advance air cargo screening mandatory
- Vienna Airport posts 2.7pc more cargo in June, passengers up 7.9pc
- Air cargo forward price curves help to manage to volatile rates
- List of freighter transactions from mid-June through mid-July
|JULY 16, 2018|
- APL adds port calls to West Asia Express service
- Authorities constantly monitoring salvage efforts of SSL Kolkata
- Cargo Tracking Note system effective in Ghana
- Centre of Excellence in Maritime & Shipbuilding announces readiness of its first set of labs in Visakhapatnam
- Container equipment rental rates remain weak despite rise in box prices, says report
- Container volume at Antwerp port continues to rise
- Côte d'Ivoire implements Verification of Conformity Program for all imports
- MOL pledges support for communities devastated by heavy rain in western Japan
- SCFI Asia-Northern Europe spot rates flat
- Spice export in last fiscal notches 8 pc increase y-o-y
- New vehicles can now be imported through Visakhapatnam Port
- Revised instructions for stuffing and sealing of refrigerated containers
- Bhavani Group diversifies into new business vertical
- FIEO President lauds June exports growth but expresses concern on rising trade deficit
- IFFCO launches "IFFCO iMandi App" aimed at rural digital revolution
- India becomes Vice-Chair of the Asia Pacific Region of World Customs Organization
|JULY 16, 2018|
- Bumpy ride for Indonesia's maritime highway
- JR Shipping feeder fleet seized by debt investor
- Crew training vital for safe sailing of LNG-fuelled ships
- Shipbuilder Sungdong to lose two-thirds of workers
- Ten missing after cargo ship and chemical tanker collide off Shanghai
- Singapore revokes another bunker craft operator licence
- HMM may choose scrubbers for newbuildings
- Heung-A Shipping offloads more ships
|JULY 16, 2018|
- Customers search for capacity with the future of cargo at Etihad in the air
- Boeing's 777 the freighter of choice as orders are unveiled at Farnborough
- Threat to container charter market as carriers drift towards heavy losses
- Antonov reaps the benefits of US routes as revenue and growth soar
- Susanne Oud joins BIFA board of directors
- Maersk Line diverts two services to Liverpool from delay-hit Felixstowe
|JULY 16, 2018|
- Lockheed Martin gets $450.7 million in FMS funding for MMSC
- Van Oord to buy Vroon offshore wind installation subsidiary
- Dakota Creek wins Navy tug contract worth potential $84.5 million
- Bisso Offshore orders two tugs at Eastern Shipbuilding
- Tidewater and GulfMark Offshore to combine
- CVN 78 returns to Newport News Shipbuilding for yearlong PSA/SRA
|JULY 16, 2018|
- South Korean shipbuilders want plate prices put on hold
Rising raw material costs pushing up steel plate prices, Korean steelmaker says
- Vale on track to meet iron ore output target
Capesize market had called for a boost to iron ore volumes from Brazil in the second half in order to...
- Tidewater agrees $1.25bn merger with GulfMark
The combined company will have the industry's largest fleet and the broadest global operating footprint in the OSV sector
- Djibouti defends legality of trade zone after DP World threat
Djibouti launched the first phase of its $3.5bn Chinese-built International Free Trade Zone last week
- Vroon plans further disposal after restructuring
Move follows transfer of 30 feeders
- EU and China pledge environmental co-operation in the IMO
The two sides proclaim closer ties in the IMO and the deployment of "domestic measures"
- IMO warned on safety concerns linked to sulphur limit
Greek shipowners say new rules on switching fuel must not endanger ships and crews
- 'Crisis-proof' feedership platform reports $94m wipeout
Development testimony to ongoing difficulties of Dutch KG system equivalent
- VLGC earnings at highest level since early 2016
TCE of VLGCs have risen above $21,000 per day with further upside in the US Gulf expected
- Star Bulk starts trading on Oslo exchange
US-listed dry bulk owner Star Bulk has met all Oslo exchange listing requirements
- Wanted: freelance writers
Writers with proven experience in shipping, logistics or world trade sought for world's longest continuously running maritime publication
- Capesize set for splurge in the second half of the year
Using July 2018 rates as a base, capesize spot rates could touch $45,000 per day at their seasonal peak, Arctic...
- Daily Briefing
Ocean Yield to maintain rapid pace of expansion | The power of externalities | The Lloyd's List Podcast | Technological...
- Dorian founding shareholder Seacor backs BW merger offer
UPDATE: BW LPG plans to nominate three independent directors to Dorian's board in the coming election
|JULY 16, 2018|
- US shippers seek capacity with JB Hunt intermodal, dedicated truck
- Electronic lock rule sparks Chittagong shipper, political protests
- Shipper interest in Mediterranean rises on North Europe routing delays
- JNPT pushes for uniform rail and road free storage times
- JOC Chassis Explainer: Shipping industry seeks solutions
- Deadly container ship fires finally spurring carrier action
|JULY 16, 2018|
- US Coast Guard begins hearing on ATB blast
Safety hearing will investigate circumstances surrounding the explosion off the Texas Coast.
- Genco's equity raise receives praise
Analyst calls $116m haul the "first successful, large equity raise" in years after Eagle Bulk raises $185m in 2017.
- Vale's growth set to fillip capesize rates
Brazilian mining giant records impressive Q2 numbers, targeting material ramp up in the second half of 2018.
- US-China trade war good for drybulk shipping
Ongoing tariff tussle may increase tonne-mile demand as China looks to South America for soybeans, according to an analyst.
- Diana Shipping pays off $130m loan
Athens-based bulker owner uses new BNP Paribas credit facility to erase debt maturing in 2020.
- Fire hits VLCC at Gadani demolition yard
All 20 people on board the tanker when the incident occurred have now been rescued.
- BW LPG starts proxy fight for Dorian board
UPDATE: Dorian tells shareholders to stand fast as director nominees signal new phase in takeover attempt.
- Cochin Shipyard wins deal for 10 ro-paxes
India's Cochin Shipyard has signed up to build 10 ro-ro and ro-pax vessels for the Inland Waterways Authority of India. The deal is worth INR 1.02bn ($14.87m). The contract also involves design. Delivery will be within the next 18 months.
- UK Club issues warning over STS hoses after spill
Insurer says crews should inspect equipment following tanker incident.
- Tidewater and GulfMark merging to create 270-vessel fleet
Restructured US owners see "significant" savings and "superior" growth prospects from $1.25bn deal in recovering sector.
- AM Nomikos picks up supramax in first S&P move of the year
Athens-based owner has bought four supramaxes in past 18 months
- Euronav shares tick up following upgrade
Rise comes despite continued difficulty in the VLCC spot market.
- Tanker engine room flooded off Turkey
Tug had to pump water from Ditas Deniz vessel after incident in Aegean.
- Jinhui ships out veteran supramax
Sale comes amid expectation for continued volatility in the dry cargo market.
- NOC shuts down Sharara after workers kidnapped
Two staff released but two remain captives of armed Libyan raiders.
- Court orders Xylas family's Pyrsos to pay HSBC bulker debts
UK judge backs claims against Katerina Xylas following defaults in tough markets.
- Kreuz Subsea completes executive line-up
Alstom man Thomas Liew joins Singapore OSV owner as CFO.
- VLGC rates hit highest level since early 2016
Morgan Stanley says asset prices for the ships are also on the rise.
- Star Bulk starts trading on Oslo Stock Exchange
Petros Pappas-led shipowner makes move after closing Songa Bulk transaction.
- Magseis wins northern European contract
Norwegian seismic vessel operator Magseis has entered into a service agreement in northern Europe. It will use its proprietary MASS nodes and modular handling system for seismic data and navigation support. The contract starts imminently and will last for about three months. Magseis CEO Per Christian Grytnes said: "With this award, Magseis will expand into three parallel full-scale operations;
- 10 crew missing after clash sinks cargoship
Search on for seafarers from Shun Qiang 2 near Shanghai.
- Hyundai Mipo lands US tanker order
Korean yard announces $74m deal to build two vessels in 2019.
- Vroon sells MPI Offshore to Van Oord
Dutch owner exits windfarm vessel sector with second asset disposal.
- Singapore stomps on errant bunker tanker player
Pegasus Maritime sees operating licence suspended over severe breaches of terms and conditions.
- Saeed buys into Atlantic Navigation
Singapore-listed offshore player to raise $26m through a share subscription agreement with low key investor.
|JULY 16, 2018|
- Executive Moves: BIFA, Oakland, TIACA, VARGO
Cestra "Ces" Butner has been elected president of the Port of Oakland's Board of Port Commissioners. Lars Magnusson is joining The International Air Cargo Association's Shippers Advisory Committee. Susanne Oud has taken a seat on the British International Freight Association Board of Directors. And VARGO has hired Brian Pulfer.
- J.B. Hunt surpasses analyst expectations in Q2
J.B. Hunt's net earnings soared 55 percent year-over-year during the second quarter of 2018 to $151.7 million amid higher freight rates and strong demand.
- Falsifying broker application nets prison sentence
An Iowa man has been sentenced to two years in prison for providing false information when he applied for motor carrier and broker authority.
- WLS: Capacity rises on Asia-Europe, transpacific trades
The Asia-Europe and transpacific trades saw increases in allocated capacity between the first and second quarters of 2018, despite a drop on the transatlantic trade, according to data from BlueWater Reporting's quarterly World Liner Supply report.
- Spot container rates steady
Container freight rates held relatively steady last week in the lead-up to the summer peak season, according to two of the primary spot rate indices.
- U.S. files disputes against metal duty retaliators
The United States on Monday launched World Trade Organization disputes against Canada, Mexico, the EU, Turkey and China over recent retaliatory tariffs the countries imposed against generally global U.S. tariffs on steel and aluminum imposed by the U.S. in recent months, according to an announcement by the Office of the U.S. Trade Representative.
- Containership charter rates may have peaked
A rapid rise in the cost of chartering containerships is "probably over" but is expected "to remain close to their current levels over the remainder of the year," according to the London-based consulting firm Drewry.
- Trump's stance on post-Brexit trade deal unclear
President Donald Trump gave mixed messages during a trip to the United Kingdom last week about whether the United States would seek to sign a free trade agreement with the nation once Brexit takes place.
- Amerijet will provide 'transparent' fuel surcharges
Miami-based cargo airline Amerijet International will transition its fuel surcharge calculation methodology to an indexed model, which it says will more accurately follow the fuel markets.
|JULY 16, 2018|
- Political thaw could see Saudi-Kuwaiti Neutral Zone oil fields reopen by year-end: sources
Saudi Arabia and Kuwait are making headway toward a political agreement on restarting two shuttered oil fields in the Partitioned Neutral Zone as soon as December, according to sources familiar with the deliberations.
- EU moves closer to Iran sanctions block
EU foreign ministers have backed draft rules intended to protect EU companies dealing with Iran from US sanctions related to Iran's nuclear activities, taking them a step further toward becoming binding.
- Crude tumbles as Trump, Putin seek to regulate market
ICE September Brent crude led the oil complex sharply lower Monday after Russian President Vladimir Putin said his country and the US will work together to regulate international oil markets.
- China launches new bunker fuel contract
China opened its bunker fuel oil futures market to international investors Monday with the launch of the 380 CST contract, a move further underscoring Beijing's greater flexibility in embracing foreign participation on its commodity exchanges.
- Singapore's MPA revokes Pegasus Maritime's bunker craft operator license
With effect from July 16, Pegasus will not be allowed to operate as a bunker craft operator in the Port of Singapore.
- TRADER NOTE: Crude oil trader Tina Kuang joins Strong Petroleum
Kuang has worked for 10 years at the Norwegian state-owned company, previously known as Statoil.
- Physical commodity trading braces for blockchain disruption
Technologies like blockchain introduce a level of standardization and transparency that threaten to make role of traders redundant.
- Low sulfur blended fuels likely main bunker option come 2020: Parker Kittiwake
"We expect the majority will endeavor to comply and only a small percentage will practice to deceive," Rumbol said.
- OPEC/non-OPEC committee to meet, with Iran, Saudi Arabia still at odds over quotas
Any increase in production more than the quotas is a violation of the current agreement as long as it is not approved by the OPEC conference, Kazempour said.