|JULY 20, 2018|
- Hong Kong June container volume declines 4.5pc to 1.7 million TEU
- Long Beach gains on LA as laden box volumes grow in first half
- OOCL cancels summer sailings to the west Med and Black Sea
- Cosco Shipping Ports' June up 12pc driven by strong growth in Bohai Rim
- Kuehne + Nagel first half profit up 9.6pc as revenue rises 14.2pc
- Port of Long Beach wins US$5.3 million zero-emissions grant
- Canadian Pacific profit off 13.9pc, but sales up 5.2pc amid labour peace
- APL Logistics joins Blockchain in Transport Alliance to share info
- Kuehne + Nagel strengthens pharma logistics in Chile with hub
- Yilport seeks Taranto terminal as intermodal link to central Europe
- Airbus wins 186 orders on day one at Farnborough airshow
- America's Boeing and Russia's Volga-Dnepr make deal at Farnborough
- Boeing clinches swathe of service agreements at Farnborough
- UK unveils new fighter, air combat strategy at Farnborough
|JULY 19, 2018|
- APL adds new Iraq port call to Gulf Asia Express 2 service
- BoxTech database exceeds 11 m containers following HMM fleet upload
- Japan Sports Agency honours MOL for international contributions
- ZIM, Maersk Line & MSC enter into strategic operational cooperation on Asia-US East Coast trade
- Coffee exports up
- Singapore maintains top spot as shipping centre
- Celebi launches bonded trucking from Ludhiana to IGI Airport Celebi Terminal
- Opinion on increased truck load
- EPCES organises seminar on women's rights & safety
- GDP seen growing around 7.5 pc this fiscal
- Important investors in Hamriyah Free Zone are Indian companies
- Reduce cost, simplify Customs procedures & address security issues to facilitate trading across borders: Minister
- Registered MSMEs cross 48 lakh
- European Commission implements provisional safeguard measures against imported steel
|JULY 19, 2018|
- K+N chief executive officer Detlef Trefzger
- Transas transaction key to Wärtsilä developments
- Maersk Line and MSC strike vessel-sharing deal with ZIM in Asia-US trade
- Zhejiang Ouhua Shipbuilding officially declared bankrupt
- Large-scale orders keep Imabari Shipbuilding busy to 2021
- Bald Hill mine to commence regular lithium shipments
- "K" Line seals three-year charter for newly built VLCC
|JULY 19, 2018|
- Designer freighters with no pilots may become a reality, says Boeing strategy chief
- Cargo must be 'at the forefront' of Britain's post-Brexit aviation policy
- K+N 'en route for success in 2018', with first-half revenue and profits up
- US retailers rush to fill shelves before trade war tariffs start to bite
- New York launches $100m barge and rail freight programme
|JULY 19, 2018|
- Lindblad to order fourth polar expedition cruise ship
- Robert Allan and Nova Patent start work on midsize CRT design
- Samson Icaria solution helps operators meet MEG4 guidelines
- NASSCO wins $72.5 million contract for USS Higgins drydocking
- Ship manager to pay $1 million dollar fine in magic pipe case
- Wärtsilä ups expectations for its Marine Solutions business
|JULY 19, 2018|
- Middle Eastern ports facing overcapacity headache by 2022
A surge of investment in the construction of container terminals at Middle Eastern ports has overwhelmed growth in throughput
- More questions than answers as EU and China unite on climate change
The two sides' commitment to co-operate on tackling climate change raises many questions ahead of renewed negotiations
- 'Catastrophic' engine failure blamed for UK ferry fire
Report makes recommendations to the engine manufacturer to avoid such incidents in future
- Improvements in shipping safety are to be welcomed
Now the challenge is to get that level lower still
- US-China trade indicators stay high as shipping shrugs off tariffs
As container shipping heads into the transpacific peak season, there are few signs that tariffs imposed by China and the...
- Between the Lines: Reasons to be fearful
Demand growth on the major trade lanes has failed to keep up with the influx of capacity, and trade wars...
- Strange times make strange bedfellows for Zim and 2M
The ongoing dance of box shipping alliances takes another turn
- Anglo American lowers iron ore and coal guidance
Miner says work at Minas-Rio is expected to be completed in the fourth quarter following pipeline leaks earlier in the...
- Shipping failing to deal with threat of cyber crime
Law firm claims regulation needed to avoid digital breaches
- TOP Ships unveils $10.1m loan for MR2 newbuild
New European bank credit facility secures delivery of Cargill-linked tanker as Greek owner pursues further orderbook funding
- South Korean court orders compensation for Sewol victims
A South Korean court awards $177,000 in compensation for each fatality of the 2014 disaster in which 304 people, mostly school...
- Daily Briefing
Maersk Tankers happy with CargoMetrics tie-up | Large shipping losses decline by a third in a decade | Australia nears...
- Wärtsilä sees 2020 sulphur cap boost
The impact of increased geopolitical uncertainty on customer decision-making remains a concern, the group said
- Viewpoint: Recycling war of words
What the EU seems to ignore is the work that is being done in the principal recycling yards to comply...
- New man at the ISS helm needs to steady the ship
Istithmar's inability to dispose of its ship agency investment, ISS, leaves it looking for a new strategy. The acting chief...
- Zim enters strategic co-operation with Maersk and MSC
The 2M alliance has entered a long-term co-operation deal with Zim Integrated Shipping on the Asia-US East Coast trade that...
- CMA CGM to install 17 ballast water management systems
The French-made systems are approved by both USCG and IMO
- CargoSmart joins the list of blockchain middlemen
CargoSmart aims to shorten documentation processing time by 65%
|JULY 19, 2018|
- Mexican truck capacity concern ticks up over tractor trailer rule
- Heartland soars as US trucking bumps capacity ceiling
- Santos dredging deal allows ships to carry more cargo
- Singapore software digitizing drayage has global potential
- Indian dockworkers get pay raise to ease labor tensions
- Zim pact with 2M to trim two strings from US East Coast trade
|JULY 19, 2018|
- Valles axes tanker deal at STX as KDB pulls order support
Newbuilding pair had been part of fleet-renewal programme
- Tidemand family split on best direction for Belships
'Significant shift' in strategy leaves family factions divided over proposed union with Lighthouse - and new bid from sisters is not out of the question
- Hurley and Ognibene are reunited in Concord push
Former Heidmar colleagues get to work on building a fleet as new shop fills management posts and takes in first tankers
- VLGC snags resolved as Jiangnan gears up to hand over delayed duo
Tianjin Southwest said to be likely to accept one-year charter rates in the low $20,000 per day range as it grows its VLGC exposure with two newbuildings completed months ago
- FFA brokers lured by 'Ronaldo' pay packets
ICAP's dry and wet futures desks among the victims as deep pocket entrants chase talent
- Dry cargo volatility sees sharp rise in FFA options
Gap between residual and low-sulphur fuel could trigger more volatility in dry and wet paper markets, says FIS
- Positioning yourself as the Uber of your market, or just the driver?
Everyone agrees there must be a way for shipping to develop digitally-driven business models, but few can yet identify exactly what they will be
- Summer lull depresses big boxship charters
- Ocean Alliance to suspend PSW4 transpacific service
Last of big three liner alliances joins its major rivals in scaling back capacity between Asia and the US West Coast amid US-China trade war uncertainty
- Total acquires new shipowning company under Engie LNG sales
Eighteen LNG carriers and one bunker vessel transfer to the major under sale
- LNG production falls short of first-half expectations
- Small-scale Chinese LNG newbuilds on offer
- First half LNG order haul tops 25 ships
Contracting pace slipped back in second quarter, but berth space for 2020 has now disappeared
- Dutch employees bring redundancy fight to Troim's Oslo office
Paragon staff gather to air their grievances but Borr executives fail to meet them
- Salvor Ardent eyes spoils of emerging offshore market
Venture joins peers in vying for a slice of decommissioning and demolition work as wreck removal earnings decline
- Changes needed to keep LOFs the salvage contract of choice
The time has come for a radical rethink of the Lloyd's Open Form for salvors, writes Martin Hall, the head of marine casualty at law firm Clyde & Co
- Paolo Clerici puts large art collection on show in Genoa
- Nissen orders MR duo on back of long-term Chevron charters
Newbuildings ordered at domestic shipyard Onomichi for delivery in 2020
- Avin International ups S&P efforts to build younger tanker fleet
- Varco exits sector with sale of its last tanker
- Tanker scrapping hits record levels as VLCCs lead the way
More wet tonnage has been demolished in the first half of this year than at any time on record, but even more VLCCs need to go if previous full-year peaks are to be passed and rates revived
- Mitsubishi Corp puts sole LR2 tanker up for sale
- Buyers fail to meet auction reserves for Vermont UM bunker tankers
- MSM books bulkers but less lucky with tankers
Low-profile Greek player successfully orders newbuildings in China but hits snag at South Korea's cash-strapped STX
- JJ Ugland pleased with timing of renewal deals
- Coral buyer of second German aframax
Deal lifts lid on buyer's identity and confirms ongoing trade of ships from German to Greek owners
- Otto Tidemand-led Stove sells oldest supramax
- Jinhui in pole position to sell veteran bulkers
Jinhui Shipping and Transportation is positioning its oldest ships for quick sales to Chinese domestic owners ahead of Beijing's deadline on imported non-Tier II ships
- Dutch MPP grounds in Scottish waters
No injuries or pollution reported after incident involving Dutch-flagged Priscilla off northern Scotland
- Eagle Bulk Shipping flies back into S&P market
Nasdaq-quoted owner set for latest step in ongoing renewal and growth project.
- Greek bank sets date for tanker auction
National Bank of Greece wants to offload abandoned ship formerly chartered by NewLead.
- ADNOC awards world's biggest ever seismic survey to CNPC
Chinese owner's ships and trucks to provide data from 53,000 sq km of UAE territory in $1.6bn deal.
- Neda strikes lucrative deal for VLCC
- Tiger Group shows growing appetite for First Ship Lease
- VLCC newbuilding prices reach highest since 2015
Charles R Weber says there are few commercial incentives to order today.
- Rebuilt ferry engine burned after five hours use
"Catastrophic" failure that injured Wightlink crewman blamed on debris in oil channels.
- Aeolos buys Nissen VLCC amid fleet renewal bid
- Wartsila ramping up scrubber capacity
Finnish group seeing higher demand for newbuilds and retro-fitting.
- MPCC adds German feeder vessel
Acquisitive owner spends nearly $14m on modern Chinese-built ship.
- Subsea 7 wins contract worth up to $150m
- Zim teams with Maersk, MSC from Asia
New strategic cooperation covers five loops to US east coast.
- Overseas owners eye Vinalines stakes
Hyundai Motor, SK and Siam Cement have held talks over Vietnamese owner's IPO.
- Nordea cuts loan losses to $69m in second quarter
Provisions mainly stemmed from potential hits from US sanctions on Russia.
- Doun KK bulker still aground in the Gulf of Riga
Panamax bulker remains stuck for the fourth day.
- Regional box lines at risk of inking Tier II 'dead fish'
Asian liner players said to be playing a potentially dangerous game by ordering newbuildings foregoing the expense of meeting Tier III emissions requirements that will have to operate outside control areas
|JULY 19, 2018|
- Port of Hueneme takes delivery of eco-friendly pilings
Two railcars full of eco-friendly pilings arrived at the Port of Hueneme in California on Wednesday to be used in the harbor-deepening project set to begin late this summer.
- MOL aims to launch maritime careers with tour
Mitsui O.S.K. Lines Ltd. (MOL) hosted schoolchildren Monday for a tour of its cutting-edge car carrier Beluga Ace at Harumi Pier in Tokyo.
- U.S.-flag cargo movement on Great Lakes steady
U.S.-flag Great Lakes freighters moved 9.7 million tons of cargo in June, a near mirror image of a year ago. The June float, however, was 3.5 percent below the month's five-year average, the Lake Carriers' Association reported.
- Little Rock has third-busiest month ever
The Port of Little Rock and its stevedore, Logistic Services Inc., in June worked the third-largest number of barges in a single month.
- Marten's net income moves up nearly 50 percent
Marten Transport Ltd. recorded a net income of $13.7 million, or 25 cents per diluted share, for the second quarter of 2018, a sharp increase from $9.1 million, or 17 cents per diluted share, for last year's second quarter, according to the company's latest financial statements.
- ZIM-2M tying Asia-U.S. East Coast loops
ZIM Integrated Shipping Services and the members of the 2M Alliance, Maersk Line and Mediterranean Shipping Company (MSC), announced Thursday that they will cooperate on the Asia-U.S. East Coast trade.
- Union Pacific picks up speed in Q2
Union Pacific's net income in the second quarter of 2018 increased 29.2 percent year-over-year to $1.51 billion as the company benefited from higher revenues and volumes amid a lower effective tax rate.
- MPCC continues rapid fleet expansion
MPC Container Ships is continuing to expand its vessel fleet with the acquisition of another feeder-size containership.
- Commentary: Tariffs force proactive risk management
In light of recently implemented global tariffs on U.S. steel and aluminum imports, as well as new duties on a wide range of Chinese goods, trade compliance professionals should pay close attention to key risk areas, including
|JULY 19, 2018|
- Saudi August crude exports will drop about 100,000 b/d from July: official
Saudi Arabia will not flood the oil market and only supplies crude according to need
- Congress renews Russia energy sanctions push after Trump-Putin summit
Amid growing speculation that President Donald Trump could weaken US sanctions on Russian oil sector
- Saudis warn of export dip despite Trump concern
Saudi Arabia's oil exports will be little changed this month and fall in August, the country's OPEC governor said Thursday, despite the world's biggest exporter turning on its taps to ease concerns of a global supply crunch later this year.
- Japan refiners keen to maintain Iran oil imports, urge Tokyo to seek waiver
Japanese refiners have urged the government to seek a US waiver on Iran sanctions with hopes of continuing oil imports at current volumes instead of reducing inflows, Petroleum Association of Japan President Takashi Tsukioka said.
- NYMEX crude settles higher, buoyed by strong US jobs data
Solid US jobs data released Thursday helped NYMEX crude pull away from the rest of the oil complex, with the Friday-expiring prompt August contract settling 70 cents higher at $69.46/b.
- External: Marine Bunkering(Rotterdam)B.V.
- IMO's implementation guidelines for 2020 sulfur limit needs more work: IBIA
The exact nature of guidance to be provided to port state control needs to be addressed, among other aspects, IBIA said.
- TAIWAN DATA: First VLCC cargo of Iranian crude this year arrives in May
It imported five VLCCs, or 31,310 b/d, of Iranian crude oil last year.
- SUBSCRIBER NOTE: Platts to replace Karachi with Port Qasim as Supramax discharge port
Pakistan's Supreme Court banned the unloading of thermal coal at Karachi port from August.
- Cepsa, GP Global ink deal to produce marine lubricants in India
The lubricants will be manufactured at GP's plant at Vasai, Mumbai.
- Vitol, Peabody Energy invest in coal-to-oil start-up
The companies have each invested $10 million into Arq, Vitol said.
- Iran sues US for compensation ahead of re-imposition of oil sanctions
The court, located in The Hague, Netherlands, confirmed Tuesday it had admitted the complaint Iran filed against the US.