|JULY 19, 2018|
- Hapag-Lloyd hikes rates US$300/TEU on Far East-Arabian Gulf cargo
- Abolition of ICE would impact effectiveness of trade enforcement
- China posts 6.7pc quarterly GDP growth, down from 6.8pc in Q1
- APL adds Xingang, Busan, Sohar port calls to West Asia Express service
- Trade war and protectionism compound bad news for Maersk
- Port of Chennai cuts transshipment rates 70pc as Delhi ends cabotage
- Delhi gives nod to Vizag to be an official import car gateway
- Saudi's top state-controlled ports deliver mixed box results in 1H
- US sanctions on Iran's crude oil exports is likely to push up prices
- South African firms to mull litigation if US applies new tariffs
- Cathay June cargo rises 5.8pc to 180,354 tonnes, passengers up 4.1pc
- Hainan Airlines gets wide-bodyA330-300 - its 18th Airbus
- Kuala Lumpur aeropolis to bolster air cargo, logistics and aviation sectors
- Turkey's fruit, veg Turkish Cargo first half exports soar by 146pc
|JULY 18, 2018|
- CMA CGM India performs remarkable operation by loading a helicopter on its EPIC 2 service
- Vessel manning costs seen continuing to rise in the days ahead
- PPT lines up key projects for Smart Industrial Port City
- V. O. Chidambaranar Port receives inaugural consignment of e-sealed export containers from Dalmia Cements, Tiruchirappalli
- Cathay Group airlines again handle more cargo
- DP World announces closing of Continental Warehousing Corporation transaction
- Ministry of Road Transport & Highways notifies increase in truck axle load
- Proposed amendments to Central Motor Vehicles Rules focus on goods transportation
- Request to consider uniform levy of GST on rail container traffic at par with road container traffic
|JULY 18, 2018|
- Suezmax operators search for upsides
- Hyundai Mipo Dockyard announces order for feeder quartet
- Scorpio Tankers agrees further sale-and-leaseback deal
- Suez pile-up ships set for inspection
- CMA CGM orders ballast water systems for 17 vessels
- North Korean coal allegedly shipped to South Korea
- China's Baota to bareboat charter in up to 60 tankers
- Asian ship attacks at 10-year low but docked vessels vulnerable
- Malaysia realigns its trade goals
- Significant rise in Southeast Asian marine casualties in 2017
- Ship demolitions 'below par' due to weak steel demand and currency
- Greek Shipping Cooperation Committee voices concerns over future of UK Maritime sector
- New risks pose major threat to shipping, warns Allianz
|JULY 18, 2018|
- Volga-Dnepr unveils major plans for new regional air cargo hub at Liege
- 'Drones are the 'ideal solution' to getting cargo to Africa's remote areas'
- Trade war sparks more capacity cuts on transpacific container trades
- Analysis: Hapag-Lloyd, CMA CGM, K+N and 'a remarkable businessman'
- Forwarders set to reap the rewards as Lufthansa and AF-KLM go digital
- 4Cap Equity launches advisory services to help logistics firms with M&A
- Uniserve appoints industry veteran Roger Clements as group financial officer
- Atlas Air agrees 'interim' wage deal with Southern Air pilots
|JULY 18, 2018|
- Bath Iron Works reaches $355,000 settlement with EPA
- Cargo ship grounds in Orkney Islands
- Shipping losses decline, but is there a New Bermuda Triangle?
- CMA CGM to install Bio-Sea BWTS in 17 containerships
- UAE port operator set to inject $580 million into Port of Wilmington
- Jones Act has no effect on Puerto Rico retail prices or cost of living
- BMT wins first mid-range wind farm CTV design contract
- Stena confirms order for two more ROPAX ships, takes an option
|JULY 18, 2018|
- Vitol eyes fuel that turns coal waste into low-sulphur oil
The new fuel could cost as little as $10 a barrel of oil equivalent
- P&I clubs size up fixed-premium opportunity
P&I clubs have a unique opportunity to grow their share of the fixed-premium marine liability market but they will have...
- Oakland aims for zero-emissions cargo handling
New plan to tackle diesel exhaust and greenhouse gases goes to public review
- Hyundai Mipo nets $109.2m containership quartet order
The vessels will be delivered to the Liberia-based company by the end of March 2020
- Large shipping losses decline by a third in a decade
There were 94 total losses reported around the shipping world in 2017, down 4% year on year - the second-lowest...
- Genco buys two more capesizes for $98m
Genco is positioning itself for the uptick in the dry bulk market
- Maersk Tankers makes digital shift with self-learning data
Danish operator keen to enhance operations using Big Data drive in tie-up with Boston-based partner CargoMetrics
- Don't count out cape scrapping despite bullish markets
The strong bulker markets may strengthen even further if owners start to send more ships to junkyards
- Australia approaches a supply-chain crossroads with no turning back
Relentless cargo growth and congestion are propelling Oz ports to the forefront of transport infrastructure reforms
- 2M selects Liverpool for South America service
Maersk and MSC to route via Liverpool on transatlantic service
- Time has come to understand the 'beaching' method
Hong Kong Convention compliant scrapyards in Alang, India, cannot fill the yard space as owners are not interested in green...
- Stena Bulk adds five tankers to suezmax pool
Stena reveals it wants to boost pool from 25 to 30 suezmax tankers
- Changing Lanes: The rise of the ultra large containership
ULCs accounted for 31% of deployed containership capacity in the second quarter of 2018
- Carriers struggle to break even as bunker bills hit home
Carriers are expected to be faced with fuel bills $7bn higher in 2018 than last year
- BHP targets higher iron ore in fiscal year 2019
BHP issues iron ore guidance of 241m to 250m tonnes
- Transatlantic load factors unmoved
Average transatlantic utilisation in the second quarter of 2018 mirrored that of last year at 79%, according to MDST
- Service cuts leave containerships idle
Idle fleet figures creep up as carriers seek to boost utilisation levels
- Minoan launches new Crete service with large ro-pax
Inauguration of Mykonos Palace is part of a surge in domestic operations by newly debt-free line
- Five ship pile-up closes Suez
Key waterway has history of minor casualties
- Enterprise Products to develop new export terminal for VLCCs
New offshore terminal will be capable of fully loading VLCCs with approximately two million barrels of oil
- Daily Briefing
DNB explains transformation to deal facilitator from lender | Slowing economy and trade war cast cloud over China's shipping prospects...
- Pegasus Maritime has Singapore bunker licence revoked
MPA warns bunker licensees to adhere strictly to the terms and conditions of their licences
- Asia sea robberies hit 10-year low
Robberies at sea down by 15% in the first half of 2018 compared with the same period a year before
- Scorpio Tankers in seven-ship leaseback deal
Scorpio will bareboat-charter in the vessels for seven years
|JULY 18, 2018|
- GCT and CN: Vancouver dwell time spike no reason for peak season worry
- US shippers guarantee volume to secure truck capacity
- NY-NJ port's $100 million plan targets rail, barge to mitigate truck traffic
- Container capacity curbed amid signs of slowing volume growth
- Indian port productivity gains accelerate
|JULY 18, 2018|
- Opec opening oil tap, slightly, for July
Oil cartel continues monthly monitoring of production cutbacks agreed to in December 2016.
- CMA CGM invests $5.8m in BWMS on 17 boxships
French container line takes the green route with US Coast Guard-approved BIO-SEA systems.
- Ferrominera Orinoco must pay $63m to CME
Judge rejects Venezuelan miner's April 2017 motion to vacate award to trader Commodities & Minerals Enterprise.
- Vard wins vessel contract
Singapore-listed shipbuilder bags order for new ship without disclosing specifics.
- Puerto Rico prices immune to Jones Act
AMP-commissioned report rebuffs detrimental effect of the century old law on Puerto Rico
- Vitol to make 2020 bunkers from coal waste
Trader and owner teams with Peabody on new low-sulphur fuel project.
- Crude loadings halted at Libya's Zawiya
NOC shuts tanker terminal following kidnappings at Sharara oil field.
- Seadrill Partners banks $248m over West Leo
John Fredriksen company richer after winning rig termination row.
- Genco finds 'sweet spot' to add two extra capesize bulkers
US-based owner coming off recent equity raise for four-pack deal adds two more with bank's help.
- Top Ships adds $10m to finance pot
Greek owner signs with European bank for eco-tanker newbuilding cash.
- No third-time lucky at auction of former NEL ferry
High-speed ferry Aeolos Kenteris 1 stays on the shelf as yet another auction fails
- New tanker giant takes shape in China
McQuilling and Maersk Tankers play point as host of major owners feed into Baota Petrochemical fleet
- Hyundai Mipo bags $109m boxship order
Korean yard continues order run with deal for four new vessels.
- Allianz: large shipping losses plunge
But sector facing emerging risks as boxships get bigger and the climate changes.
- Stena Bulk adds five chartered suezmaxes
Erik Hanell says growth has come at a time of "stable, low earnings."
- Stena group adds six more ro-ros in China
Two vessels firmed up at AVIC Weihai, while four more options added.
- Troim's 2020 Bulkers sets its sights on US stock listing
Chairman Magnus Halvorsen and Tor Olav Troim are well-known faces in the capital markets.
- Ostensjo using horse waste to go green
Urea to be injected into exhausts to cut emissions on new OSV.
- Asian piracy dips to 10-year low
ReCAAP ISC executive director warns that shipping's guard should not be let down despite a 15% year-on-year decrease in Asian maritime crime.
- Swedbank reverses $15m of impairments
Swedish lender says credit portfolio well balanced in second quarter.
- TechnipFMC scoops three-year Petrobras service deal
Paris-listed OSV owner to maintain and inspect subsea pipelines in Brazil.
- Fehn overturns bulker cargo damage claim
UK judge refers charterer's case back to tribunal after inadvertent fumigation of organic wheat.
- WISTA links up with the IMO
The voice of women in shipping will be heard at the governing body of international shipping.
|JULY 18, 2018|
- PetSmart picks FourKites for real-time tracking
Chicago-based FourKites has announced that PetSmart has selected its supply chain visibility and predictive analytics platform to track the location and temperature of shipments moving across North America by truckload, less-than-truckload and rail, as well as international shipments moving by ocean.
- App-based shipping venture hits the road
Technology startup RYNLY Inc. on Tuesday announced the launch of its app-based shipping enterprise in Seattle and Portland, Ore.
- Air Partner declares lion relocation roaring success
Air Partner, a global aviation services group, was recently tasked with transporting a lion from Johannesburg to Port Elizabeth on a chartered aircraft.
- Carriers blank sailings on multiple routes
Hong Kong-based ocean carrier Orient Overseas Container Line announced blanked sailings on three separate services in the coming weeks.
- Connie Award going to Hamburg Süd's Mike Wilson
Mike Wilson, senior vice president of business operations for Hamburg Süd North America, has been chosen to receive the 2018 Connie Award, presented by the Containerization and Intermodal Institute. Roy Schleicher, who retired recently as executive vice president and chief commercial officer of the Port of Jacksonville, Fla., will be presented with the Lifetime Achievement Award.
- Vehicle terminal in works in Southampton
Associated British Ports plans to build a multistory facility for storing vehicles at the Port of Southampton.
- Oakland 'committed to eliminating emissions'
The Port of Oakland has released a draft of an air quality improvement plan that calls for reducing pollutants and greenhouse gases at Oakland's seaport.
- Intermodal rate increase highest since 2011
Intermodal rates climbed another 10.9 percent in June compared with the same 2017 period, the largest year-over-year increase since August 2011, according to the latest Cass Intermodal Price Index, which measures all-in per-mile costs.
- Commerce launches Section 232 review of uranium imports
The Commerce Department has launched a Section 232 investigation into whether imports of uranium ore and product imports into the United States threaten to impair national security, Commerce Secretary Wilbur Ross
|JULY 18, 2018|
- European buyers start to halt Iran oil imports
Key buyers of Iranian crude in Europe are starting to cease imports of Iranian crude for September-loading cargoes as the first round of new US sanctions on Iran begins next month.
- OPEC, allies vow to 'not deviate' from 100% cut compliance
OPEC and its allies on Wednesday restated their pledge to "not deviate" from overall 100% conformity levels in their output agreement after the Joint Ministerial Monitoring Committee met but still left unsettled the contentious topic of quotas.
- OPEC weighs legal response to US NOPEC bill
OPEC is devising a legal strategy to counter the so-called NOPEC legislation in the US
- Oil up on US gasoline stock draw, Saudi refinery attack
The oil complex turned higher during early afternoon US trading Wednesday, with a sharp draw in US gasoline stocks the catalyst for a stronger NYMEX RBOB contract.
- Gibraltar bunker operations edge down as congestion eases: port authority
The number of bunker supply operations at the Mediterranean hub of Gibraltar has fallen week on week, with congestion at the port easing, data from the port authority showed Wednesday.
- High premiums could open arb to Singapore for NWE HSFO: sources
A workable arb for 3.5% fuel oil cargoes moving from Northwest Europe to Singapore might open if Singapore cargoes premiums over Rotterdam widen further, market participants say.
- ICS to develop detailed guidance on implementation of global sulfur cap
It was again made clear that there is absolutely no possibility that the legal date of implementation will be postponed, ICS said, urging shipping companies to fastrack planning.
- FUTURES: Crude remains lower on higher stocks, increased production
API reported a surprise build in US crude inventory, propping up prices, sources said.
- USGC HSFO premium to front-month swap reaches highest since Nov 2012: data
A steep backwardation of the HSFO swap has discouraged storage of fuel oil, a source said.
- Mumbai-Colombo 380 CST bunker spread narrows as Colombo tank congestion eases
The Mumbai-Colombo spread stood at $10/mt Tuesday, down $10/mt from Monday.