|OCTOBER 23, 2018|
- CMA CGM sets FAK rates from North Europe to Asia from November
- Shipping majors seek ban on sulphur fuel possession without scrubbers
- New gates at New York/Jersey port cut turn times for reefers in half
- China to scale down subsidies for Europe-bound freight trains
- Panama Canal sees FY2018 tonnage hit record 442.1 million tons
- Toolkits to assess emissions from ships now available from UN's IMO
- EU enlists Asia in joint anti-Trump communique on trade and climate
- Mariners' Club holds charity night to raise money for seafarers in HK
- Call for Germany and Taiwan to jointly boost their logistics industries
- Ex-Air Canada passenger chief wins union deal as CEO for Air France-KLM
- Cathay ups cargo 1.7pc in September, but passengers volume slips 1pc
- Turkish Cargo to take up space at Istanbul airport's new mega cargo hub
|OCTOBER 22, 2018|
- Hapag-Lloyd establishes Marine Fuel Recovery mechanism
- ICTSI to build new berths in Manila to handle mega ships
- IMO rolls out ship & port toolkits to tackle maritime emissions
- IMX now has an enhanced service network
- Milaha initiates major digital transformation with Oracle Cloud
- MOL launches ICT-based project for safer, cleaner transport
- MPA & partners sign agreementsfor 3D printing facility & applications in maritime sector
- OOCL introduces new Asia-Latin & South America direct services
- Pérez y Cía acquires Caribbean Feeder Services
- SCFI spot rates mixed
- Amendment in SION A-1486
- JNPT SEZ allots land to 10 successful bidders in second round
- New ports on JNPT's radar, says Nitin Gadkari
- Port of Rotterdam Authority, ABN AMRO & Samsung SDS launch container logistics blockchain pilot
- Air cargo industry must grow at 12.9 pc annually to achieve national aviation policy target, says study
- Shipping Ministry plans to undertake works worth over INR 2 trillion under the Sagarmala project in Maharashtra
|OCTOBER 23, 2018|
- Expanded transport operation in France
- Ryder expands last-mile delivery network
- New commissioner at port of Oakland
- More goods by rail and inland waterway
- Port of Ystad awaiting EU funding
- Atran leases two B737-800 freighters
- Euroairport welcomes new president
- First B747F touches down in Rostock
- Meyer & Meyer acquires 100% of WKS
- Hybrid drive in the Baltic Sea on the rise
- Wolfsburg: expansion boosts efficiency
- AIT Worldwide acquires Worldfresh Express
- "Curiosity of the Day"
- Bovermann to wear two hats at once
- Stepping up Netherlands-Italy rail service
- Ports of Açu and Houston take common approach
- New Chengdu - Cairo connection starts today
|OCTOBER 22, 2018|
- Box booking portal Inttra sold to E2open
- Dry bulk buoyed by raw materials outlook
- DZ Bank to sell off shipping and transport arm
- Owners split on sulphur cap extension
- Sulphur cap will squeeze reefership capacity
- Negligence suspected in Oldendorff vessel bridge brush
- AVIC in talks to sell its shipbuilding and shipping businesses
- Sembmarine secures Teekay contract for laid-up FPSO unit
- Daitoh Trading orders five chemical tankers from Fukuoka and Usuki
- Consolidated Marine Management orders two VLGCs at HHI
- ENN Energy orders China's first LNG bunkering vessel
|OCTOBER 22, 2018|
- Container booking platform INTTRA becomes latest takeover for E2Open
- 'HMRC can handle post-Brexit declarations, port infrastructure is the bottleneck'
- Dallas/Fort Worth and ADP combine to tap rising air cargo between Asia and Latin America
- Schiphol Airport group eyes revamp of domestic cargo strategy
- Trump pulls US out of pact that discounted foreign postal deliveries
- World's longest sea bridge opens in China, for freight
- Air France ends costly pay stand-off with unions
- JMHC Logistics eyes accreditation for its driver training academy
|OCTOBER 22, 2018|
- VIDEO: Crowley christens first of two LNG fueled ConRo ships
- Metal Shark Alabama books towboat order
- Solstad Offshore in talks with lenders
- Armed security team repels pirate attack on Golden Ocean bulker
- Hurricane-hit Eastern puts employees at top of recovery priorities
- Sembcorp Marine wins Petrojarl Varg FPS0 life extension contract
- Med Marine adds sixth Schottel-propelled, RAmparts tug
- Scrubber-fitted bulkers may have early advantage, says MSI
- Maritime salvage: Bigger ships, bigger challenges
- Methanol promising fuel to cut CO2 emissions
|OCTOBER 22, 2018|
- US steps in to back experience-building phase after 2020
Data-gathering proposal by the biggest flag states and shipping associations handed huge boost as US throws its weight behind an...
- Scorpio Bulkers trims losses as rates increase
The company posted $5.3m in adjusted net losses in 2018, compared with $40.5m in the first nine months of 2017
- UK's coastguard agency raises fees
The fee increases that take effect on November 13 mark the first rise in such prices to have taken place...
- Noble Group files recognition proceeding in US
Investors voted to 'back the business and management team with significant new capital' in September
- IMO agrees greenhouse gas strategy to 2023
The IMO has approved a programme to develop GHG reduction measures until 2023 under a three-pronged approach
- UK maritime leaders join trade delegation to US
UK businesses expected to attend the event include shipowners, law firms, port operators and manufacturers
- Pressure on lines for Asia-Europe prices to fall
Drewry's World Container Index climbed last week, but gains were mostly made on transpacific lanes
- ENN orders LNG bunkers ship at Dalian Shipbuilding
Deal comes two months after government in Beijing made a proposal to promote the use of liquefied natural gas as...
- J. Lauritzen hires new head for dry bulk unit
Niels Josefsen, who joins from Torvald Klaveness, will start his new role on December 1
- Blue Ocean Maritime delays London listing
Shipping fund had been targeting $250m through the issuance of 250m shares
- IMO needs to prove it can be trusted over 2020, says Lim
IMO secretary-general Kitack Lim acknowledges sulphur cap safety concerns but warns the challenge is consistent implementation of the rules
- Tariffs on soyabeans reconfigure the dry bulk shipping map
Since China put a 25% import tariff into effect on US soyabeans in July, there have been sweeping changes in...
- US supply chain company acquires INTTRA
Deal to take over online freight booker will give INTTRA's carrier and freight forwarder customers visibility of supply chain requirements
- Transpacific rates driven by capacity cuts rather than demand
Little evidence of cargo front-loading on transpacific ahead of tariff rises, but fourth quarter could still give room for growth
- Coatings weigh heavier on contracts
Shipowners need to question shipbuilders' choice of vessel coatings because builders will almost always pick the cheapest product that claims...
- Daily Briefing
IMO agrees emissions measures, but balks at 2023 target | Key questions for MEPC 73 | Cargill aims to charter...
- AVIC ponders disposal of shipping-related business
Company's trading and logistics business, which includes ship and mechatronics engineering operation, posted a segment loss of Yuan472.7m in the...
- Sembcorp Marine wins $166m FPSO contract from Teekay
The project is scheduled to be completed by July 2020
- Bulkers without scrubbers 'will become uncompetitive'
A two-tier market will reward early adopters with higher time charter rates and asset values as cost of low sulphur...
- Abu Dhabi Ports partners MSC for blockchain pilot project
The system was developed internally, compared to others who have pulled in major IT partners
- Seattle and Tacoma see progress on federal funding for dredging projects
The bill authorises the design and construction to deepen Seattle's East and West Waterways, $29m in matching federal funds to...
|OCTOBER 22, 2018|
- Mexico truck rules, port congestion boost KCS volume
- Inland Distribution 2018: News, intelligence, analysis
- Toepfer Transport Multipurpose Index rises in October
- Low-sulfur fuel to dominate ocean container contracting
- Chennai port growth dampened by Maersk shift to Ennore
- US shippers urged to pressure Congress on tariff relief
- Breakbulk industry raises funds for medical cause
- INTTRA to be acquired by manufacturer-focused software provider
|OCTOBER 22, 2018|
- Scorpio Bulkers narrows losses
New York-listed bulker player sees higher revenue but misses Wall Street consensus amid $2m write-off in financing costs.
- Talk of $200,000 per day charter sweeps LNG market
Brokers say huge rate agreed on a vessel as tonnage pool evaporates.
- Inttra signs out with sale to E2open
Online bookings system developed by container lines is sold to larger supply chain network software provider.
- No anchor-handlers working in Norway
Rates set to drop with North Sea fleet awaiting work as rig-move activity plummets.
- Sailors' Society honours pastor Chacko's life with vow to 'pursue his vision'
The Sailors' Society's 200th anniversary celebrations continued with the annual ING wine-tasting evening, during which tributes were paid to pastor Joseph Chacko and his wife, Leena, who both died in a road accident earlier this year. Joseph was the society's regional superintendent for India and his vision - during his lifetime - was to see a seafarers' centre in every port. Sailors' Society ch
- Share buyout puts control of NorthCape in staff hands
External investor sell-up emerges as finance house unveils profitable annual numbers
- 11 missing after cargoship sinks
Search on off China's Liaoning province following loss of sand carrier.
- Owners' body calls for merger of HMM and SM Line
KSA vice chairman wants Korean lines to combine to compete with European rivals.
- JP Morgan sells newbuilding duo in asset play deal
JP Morgan is said to have made a profitable asset play in the sale of two capesize bulker newbuildings to ArcelorMittal, the world's largest steel producer. US brokers said the bank has sold the 180,000-dwt Hull No 1460 and Hull No 1461 for nearly $49.3m each. JP Morgan lowers capesize recovery expectations The ships are set for delivery in 2019 and have already been named True Valor and True V
- Latsis orders VLGC duo at Hyundai Heavy Industries
Greek shipowner books first newbuildings in four years.
- First Ichthys LNG cargo loaded and ready to roll
Inpex's delayed new Australian project finally starts up
- Atlantic Bulk tops up ultramax fleet
Greek owner tied to purchase of modern Japanese-controlled ship.
- Judge rejects D'Amico claim that Nikka stalled lawsuit
Update: A federal judge denies Italian shipowner's ongoing request to order Primera affiliate to prove ownership of a bulker in a long-standing forward freight agreement lawsuit.
- Mamancochet wins payout before sanctions window slams shut
UK court speeds up ruling in steel cargo theft row with insurer Aegis ahead of Trump's November deadline on Iranian deals.
- Marinakis linked to secondhand aframax purchase
Greek tycoon said to have added to his fleet in deal which reflects firming tanker values.
- UK's MCA increases fees for first time in more than 10 years
Coast guard agency says hike will allow for extra investment in services.
- Schulte denies tanker crew arrested after 'Gucci' cocaine found
Venezuelan authorities hold Jose Progress as probe continues into drugs find.
- Torvald Klaveness dry bulk boss joins J Lauritzen
Niels Josefsen comes in as chief executive of Lauritzen Bulkers.
- German lenders finance new Hapag cruiseship
KfW and Commerzbank funding third expedition vessel at Vard.
- Greek golf weekend defies bad weather
Cyclone Zorbas could not dampen the competitive spirit as nearly 200 shipping executives arrived in Greece for the Greek Maritime Golf weekend in the south-western Peloponnese. Thomas Miller's 'Play for Pink' proves another success Baltic gets tipsy on Lloyd's bank account as golf match proves hit On the Saturday, gales battered the Costa Navarino resort, where the annual event was taking place
- VLGC boost from Marcus Hook faces more delays
Energy Transfer reportedly expects to fully complete the construction of the Mariner East 2 system only in 2020.
- Wilson says premiums unlikely to rise despite mounting pressure
London-based broker Wilson Europe predicts members of the International Group of Protection & Indemnity Clubs will choose to freeze premiums for next year, but it says pressure is mounting for change. Wilson Europe cautions over P&I clubs' Lloyd's exposure Setting out its forecasts in a report, the P&I broker says overall the group's underwriting performance in the past year has been poor, maske
- Aframax market catches fire as winter warming arrives
Caribbean cargoes driving upturn with rates well above 2018 averages.
- NOC denies tanker terminal protest
Libyan oil company says no demonstrations at Hariga despite claims from Obeidi tribe.
- Bourbon bags Portuguese wind farm deal
French owner to install three turbines off Viana do Castelo.
- SK scales back VLCC and VLGC scrubber plans
South Korean owner to instal EGCS on 18 tankers and LPGCs.
- Noble Group files Chapter 15 papers as it seeks restructuring
Debt for equity swap and $800m in new financing form part of plan.
- Oldendorff ship bashes Japanese bridge
Water cut off as Erna Oldendorff hits crossing and pipeline near Yanai City.
- NYK's Ninja to detect potential engine problems
New software to provide early warnings from combustion chambers.
- Golden Ocean capesize fights off pirate attack
Security team exchanges fire in sustained battle with gunmen in skiff off Somalia.
- BW Group seals long-term charters for two LNG newbuilds
Pavilion Energy will double its LNG carrying capacity with deal for two MEGI vessels.
- Dalian Shipbuilding books LNG bunker tanker newbuilding
Vessel will be deployed at Zhoushan International LNG terminal following delivery in mid-2020.
- AVIC confirms talks underway over future of yards
Singapore-listed arm says discussions are on-going, but that no definitive agreements has been made.
|OCTOBER 22, 2018|
- ShaleTech formed to expand energy sector offerings
- Crowley christens LNG-powered El Coqui
- Oakland's TraPac terminal open at night for truckers
- U.S., Argentina hold second trade council meeting
- E2open acquires INTTRA to streamline information flow
- IMO helping countries reduce ship, port emissions
- GlobalTranz's growth remains in high gear
- Commerce taking hard look at softwood subsidies
- Cold chain rules OK'd for U.S., Philippines trade
|OCTOBER 22, 2018|
- FUTURES 5: WTI settles in widest contango since September 2017
An afternoon increase in oil prices failed to erode the contango structure in US crude futures, and prompt-month NYMEX WTI settled at the widest discount to second-month levels since September 2017
- Guyana could rub shoulders with oil producing elite
Guyana is seen as the hottest spot for oil explorers, raising the question as to whether this optimism is based in reality
- Drilling slowdown likely in final six weeks of the year, but 2019 looks bright: Halliburton CEO
Upstream operators could wind up the year's activity programs earlier than usual as they prepare for more activity next year
- European bunker market tightens, supply constraints may linger
Tight product availability -- particularly for RMG 380 CST bunker fuel -- plagued the Northwest European bunker market last week as tightness from the high sulfur fuel oil market spilled into the bunker market
- Belgian Oilchart International offers clarification on industrial waste scandal
Belgian bunker seller Oilchart has published a clarification on its position regarding a judicial investigation amid reports in the Belgian media that the company was linked to sales of industrial waste from Curacao as bunker fuel in Europe
- IMO must advance heavy fuel oil ban in Arctic shipping: Clean Arctic Alliance
Discussions regarding impact assessments at MEPC 73 must support progression towards the ban, Prior said.
- Taiwan's CPC to suspend marine fuel oil supply at Taichung
An unexpected fuel oil pipeline maintenance has resulted in the suspension of supplies.
- Hong Kong LSMGO hits new high ahead of Pearl River Delta's sulfur cap in Jan
"Sinopec's spot offer is high, that's why prices didn't come down," a supplier said.
- FUTURES: Oil stable amid mild build in US rig data; supply concerns
"We feel that the market is taking the supply risks too lightly at present and expect oil prices to rise in the coming weeks," Commerzbank analysts said.