|JULY 18, 2018|
- Hong Kong-managed boxship in 3-vessel collision blocking Suez Canal
- Port of Long Beach has best month ever, up 4.4pc to 752,188 TEU
- CMA CGM announces Asia-Africa rate hikes and low water surcharge
- Japan to resume imports of US sheep and goat meat
- Port of Baltimore breaks records as quarterly box gain rises 14pc
- Circumstances of WTO report disputed by US and Canada
- Slow delivery hinders Kenya's duty-free apparel exports to US
- American trade coalition wants tariffs against Chinese steel racks
- US Cass truckload line haul index rises to its highest since 2005
- Scrubbing sulphur exhaust cheapest way to meet emissions rules
- India trade to reach US$2 billion by 2020: Afghan Ambassador
- Savannah-Charleston chassis deal said to be price-fixing FMC must end
- China-Europe air cargo rates expected to rise after surprise slip
- Ryanair: Lufthansa obstructs attempts to revive Austrian airline
- Turkish Cargo's growth rate is 7 times higher than the market
- Emirates bags top pharma honour for the second year running
- China Southern Airlines starts Sanya, Hainan-London service
|JULY 17, 2018|
- Liberia adopts law amendments in line with new ship finance environment
- Skeiron Logistics moves 9 moulds from China to India
- Expanded list of exempt items for handicraft sector
- Adani Logistics & NYK Auto Logistics (India) announce formation of rail logistics joint venture
- AIAI welcomes increase in load capacity for heavy vehicles
- CBIC to observe third refund fortnight to clear pending refunds
|JULY 18, 2018|
- Opportunity from the East
|JULY 17, 2018|
- Current ISO standards will cover low-sulphur bunker blends
- Surging dry bulk rates send bulker demolition volumes tumbling
- UK shipping minister refuses to rule out post-Brexit border delays
- Port state MOUs plan 'letter of warning' sulphur cap campaign
- Shipowners prioritise environmental technologies over blockchain
- OSG orders first post-Chapter 11 newbuildings
- Hyundai HI confirms Capital LNG carrier orders
- Container-ship fire off Singapore contained after five hours
- China Merchants signals more investment and stronger ties with Djibouti
- Shipowners call for US-IMO regulatory alignment
- Wisdom Marine anticipates higher earnings in 2018
- South Korean shipbuilders' association wants freeze on steel plate prices
|JULY 17, 2018|
- Volga-Dnepr stuns the market with multi-billion dollar order for Boeing freighters
- Rail freight specialist VTG rejects €1.5bn Morgan Stanley takeover bid
- Bullish Panalpina sees H1 profits rise and unveils another perishables investment
- Boeing gets a boost from air cargo boom as its freighter orderbook bulges
- Concerns over number of UK shippers signed up for 'trusted trader' status
- Dover-Calais trade 'facing economic catastrophe' due to Brexit
|JULY 17, 2018|
- ICS "encouraged" by efforts of IMO sulfur cap working group
- VIDEO: "Lava bomb" hits Hawaii tour boat
- Philly Shipyard in non-binding agreement to build two MR tankers
- NTSB reports on towboat grounding
- Liberia makes its maritime law lease financing friendly
- OSG orders two U.S. flag tankers at Korean shipyard
- Kohler adds Engines Inc. to marine generator distributor network
|JULY 17, 2018|
- High cape rates to help panamax bulker demand
With soaring capesize earnings north of $25,000 per day, the dry bulk market may see more splitting of ore cargoes...
- DNB embarks on transformation into deal facilitator from lender
Big book matters less than right clients as DNB develops more sustainable business models in line with industry trends
- OSG orders two non-Jones Act MR tankers
New York-listed owner books two product carriers with scrubbers at Hyundai Mipo Dockyard for $75m
- Liberia registry says lease change will boost China links
Shake-up will strengthen Beijing ties, says Bergeron
- Slowing Chinese economy and trade war impact shipping prospects
Analysts are concerned that China's economy would weaken further this year amid pressure on exports due to the ongoing trade...
- Southampton port upgrade enters next phase
The new terminal will provide storage for a further 3,000 vehicles
- Diamantidis expands suezmax armada amid flurry of Toisa deals
Greek owner's dry wing takes fourth kamsarmax bulker as former Callimanopulos tanker newbuildings take their turn in the shop window
- Panalpina posts double-digit profit growth
Ocean freight segment breaks even under tight cost controls
- New York unveils $100m plan to boost maritime infrastructure
The $100m investment will be directed towards modernising marine terminals as well as building new barging operations, while reactivating under-used...
- Djibouti offers compensation to end DP World dispute
The Djibouti government seized DCT from DP World in February citing 'poor performance'
- Capital orders LNG quartet from HHI for $743m
The vessels are to be delivered by the end of June 2021
- Shipowners see emissions technology as driver of change over next five years
Blockchain hype is failing to convince shipowners as they focus instead on the impending sulphur cap 2020 deadline, survey finds
- Daily Briefing
IMO warned on safety concerns linked to sulphur limit | EU and China pledge environmental co-operation in the IMO |...
- Fire hits VLCC as Gadani resumes scrapping
All workers on board were rescued with no injuries reported
- Jinhui sells old bulker to Chinese owner amid tightening emission rules
Vessel is scheduled for delivery between July 17 and August 10 this year
- Rio Tinto reports surge in second-quarter iron ore shipments
Rio expects shipment in 2018 to be at the upper end of its existing guidance range of 330m to 340m...
|JULY 17, 2018|
- Why tight US trucking capacity isn't going away soon
- Rising cargo volume spurs Baltimore to move chassis pool
- Tariffs expose US shippers to higher chassis, container costs
- New APL service to test expedited demand on trans-Pacific
- NYK, Adani form rail joint venture for India auto-handling
- China Merchants to revamp old port of Djibouti
|JULY 17, 2018|
- Pacific Drilling proposes new restructuring plan
Drilling company submits improved scheme to straighten out finances under Chapter 11 after receiving four extensions for creditor mediation.
- Owners face long scrubber queue for 2020
Largest manufacturers booked through end of next year as rush of shipowners want scrubbers ahead of 2020.
- Liberia eases ship financing regulations
Liberian maritime law to allow lease financing structures to be recorded as mortgages.
- Philly Shipyard tips two Jones Act MR orders
Leading yard for US-compliant trading vessels says it's in early stages on new order.
- Norden ties up MR from Maersk Tankers
Time charter extends Danish owner's growth efforts.
- Capesize spot earnings rise to year high
Buoyed by strong Chinese demand and Brazilian production, capesize earnings clock $25,600 per day
- Nisshin Shipping gets firm price for kamsarmax brace
Brokers believe the two ships have been bought by a Greek owner.
- Seaspan closes on $250m Fairfax bet
Toronto investor finalises first tranche of warrants deal in larger investment that will reach $1bn aimed at consolidation, growth.
- Offshore VLCC exports in works for US Gulf
Energy logistics terminal says the offshore facility will mitigate the need for lightering.
- Norwegian rig strike hits OSV sector
PSV demand plunges, while platform moves are on hold for anchor-handlers.
- Japanese shipowner tied to capesize order
Jiangsu New Yangzijiang Shipbuilding said to be recipient of contract.
- Sunken wellboat Seikongen brought upright
Salvor Ardent completes first stage of vessel removal in Chile.
- SolstadFarstad, Havila clinch seven OSV deals
Norwegian owners fix and extend charters in Brazil, Egypt, Australia and elsewhere.
- Owners say emissions technology key to the future
Reed Smith survey shows blockchain not seen as main driver of change over next five years.
- Yang Ming upgrades Indonesian run
Four 4,350-teu ships to be deployed on service from China.
- Blystad's OHT inks potential four-ship order
Norwegian owner signs for firm wind farm ship at CMHI in China, with three options.
- OSG behind Mipo product tanker order
US owner confirms $74m contract at South Korean shipbuilder.
- Prosafe lands Brazilian accommodation contract
Oslo-listed Prosafe has secured a 200-day deal for one of its accommodation units in Brazil. The Safe Concordia will work for MODEC, supporting its FPSO operations. The deal starts in September and includes a 15-day option. Jesper Kragh Andresen, Prosafe CEO, said: "We have a good track-record of providing gangway connected accommodation services to both spread and turret-moored FPSOs, and we w
- North Sea AHTS spot fleet grows again
Returning Dof and Swire vessels joining "already packed" UK market.
- HHI confirms Marinakis LNG newbuildings
Four firm ships worth $744m confirmed by the world's largest shipbuilder.
- Collision chaos in the Suez Canal
Three bulkers and two boxships involved in Sunday smash-up on busy Egyptian waterway.
- Steelmakers tell South Korean shipyards to cough up more cash
South Korean steelmakers reject request by the country's shipbuilders to put a freeze on steel plate prices.
- Asia Fund Space pulls out of Ezra restructuring deal
Distressed Singaporean offshore player heads back to the drawing board after investor backs out of buy-in deal.
|JULY 17, 2018|
- USTR accepting input on planned $200 billion in China tariffs
The Office of the U.S. Trade Representative on Tuesday officially opened the comment period for planned 10 percent additional tariffs on $200 billion worth of goods from China in 2017 import value, pursuant to that agency's investigation concluded in March under Section 301 of the Trade Act of 1974, which found that China engages in unfair commercial practices including forced technology transfer
- Antwerp volumes surge on record container cargoes
The Port of Antwerp handled 118.6 million metric tons of cargo during the first half of 2018, an increase of 6.5 percent from the same six-month period last year and a new record for the port, according to the latest data from the Antwerp Port Authority.
- WTO agriculture discussions reignited
World Trade Organization agriculture discussions have moved into a substantive discussion phase, as members discussed five new proposals during a special session Monday of the WTO Informal Committee on Agriculture, including one from the U.S. that calls for reciprocal tariff reductions, according to a Geneva trade official.
- NYC lays out $100 million infrastructure overhaul
New York City will invest $100 million to overhaul its aging freight infrastructure in an effort to create a more efficient supply chain network, reduce road congestion, reduce the environmental impact of cargo shipping and create jobs.
- Truckstop.com grabs Grizella
Truckstop.com, which began in 1995 as the first internet-enabled load board, has acquired Grizella.
- Commerce affirms pipe fittings from China dumped
The Commerce Department reached a final determination in its antidumping investigation of certain cast iron soil pipe fittings from China that such products are being, or are likely to be, sold in the U.S. at less than fair value, Commerce announced Tuesday.
- Pilot Freight buys Manna
Pilot Freight Services has acquired Manna Freight Systems, based in the Minneapolis-St. Paul area, to expand its position in the final-mile delivery space.
- Rickenbacker beefs up livestock handling
Columbus, Ohio-based cargo airport Rickenbacker International has completed a six-month, $423,000 renovation of its animal transport facility.
- Panalpina's Q2 profit climbs
Panalpina, an international freight forwarding and logistics company, recorded a consolidated profit of CHF 19.5 million (U.S. $19.6 million) for the second quarter of 2018, an increase of 10.8 percent year-over-year, according to the
|JULY 17, 2018|
- Amid Trump's OPEC criticism, US senator introduces NOPEC bill
A key Republican senator is pushing a bill that could revoke the sovereign immunity of the world's biggest oil producers, an effort which could further strain relations between the US and OPEC and may impact future global oil flows and energy sector investments.
- ICE Brent settles higher as liquidation pressure eases
ICE September Brent led the oil complex in a slight rebound Tuesday, settling 32 cents higher at $72.16/b. The turnaround comes on the heels of a selloff saw the prompt Brent contract shed nearly $10/b since the beginning of July.
- Falling oil complex prompts flurry of Med HSFO buying
The recent precipitous declines in crude oil prices have sparked a flurry of buying activity for high sulfur fuel oil in the Mediterranean region, sources said Tuesday.
- Jan De Nul launches low-emission vessel in China
Luxembourg-headquartered Jan De Nul, a global company engaged in dredging and marine construction activities, has launched a low-emission vessel -- the Diogo Cao -- in China, the company said.
- Singapore's MPA issues circular to deter piracy and armed robbery
The Maritime and Port Authority of Singapore issued a circular Monday alerting ships to take precautions to deter piracy in high risk areas in the Arabian Sea, Gulf of Aden, Indian Ocean and Red Sea.
- Shipping traffic delayed in Suez Canal on ship grounding, collisions: sources
At one point, there were seven ships stuck behind the grounded MV Aeneas.
- PetroChina attempts to salvage joint refinery project with Venezuela's PDVSA
It highlights China's failing downstream projects that were planned with PDVSA, jeopardizing over $50 billion of Beijing's loans.
- US' OSG, South Korea's Hyundai ink deal for tankers with scrubbers
The tankers are scheduled for delivery to OSG in the second half of 2019, ahead of the IMO 2020 rule.
- External: Global Risk Management
- Putin says Russia, US may work together on global oil market regulation
Putin and Trump answered questions after meeting privately for more than two hours in Helsinki.
- Japan-bound propane cargo diverted to San Diego for maintenance: trade
Petredec bought the cargo from Unipec in Houston on a cost and freight basis, market sources said.