|JULY 24, 2018|
- 2M Alliance revises transatlantic network as trade demand shorter transits
- Maersk launches 2nd transatlantic service from Eastern Canada
- Trump trade war now cast as Grinch that stole Christmas
- Panalpina sees H1 profits rise and unveils another perishables investment
- CEVA expects conversion of CMA CGM's securities no later than August 13
- US fines HK shipper US$160,500 for shipping lithium batteries badly
- HKIA heading for another record year for cargo
- Spirit of Farnborough: Air cargo as a UK engine of growth post-Brexit
- List of freighter transactions from mid-June through mid-July
|JULY 23, 2018|
- Double-digit profitability growth for Panalpina
- First call ceremony held for ice-breaking LNG carrier at PetroChina LNG Jiangsu Terminal
- ONE releases export container to leading customer
- Port of Zeebrugge sees increased throughput
- Recommendations on opening of migration window for taxpayers till Aug. 31
- SCFI spot rates down
- Vrrddhi Freight successfully steps into fifth year of operations
- Yang Ming to upgrade China-Indonesia service
- IPRCL jointly implements ' 18.8 k cr. of rail projects to reduce logistics costs
- JN Port felicitates the Top Performers of 2017-18
- Monitoring of realisation of export proceeds on shipping bills on which drawback has been claimed & disbursed
- PSA Sical starts celebrations for PSA's 20th year in India
- Tata Steel toying with idea to develop port in Odisha
- Transporters' strike causing huge losses
- GST Council recommends a slew of amendments
|JULY 23, 2018|
- Schoeller sells feeder container carrier BTL
- Nigerian Ports Authority lifts Maersk Line 'congestion' suspension
- DSME sells Mangalia yard after Romania government does deal with Damen
- Rising costs blamed as Hyundai HI and Samsung HI continue losses
- Major Indian ports to roll out port community system by December
- Nissen Kaiun books MR pair for Chevron charter
|JULY 23, 2018|
- Legal double-whammy hangs over container lines caught up in US Iran sanctions
- Customers turn away, believing Etihad plans to cut its freighter fleet to just four
- 'Overcapacity not trade wars to blame for falling demand on Asia-US east coast'
- PHOTO BLOG: Farnborough Air Show 2018
- AAPA warns of $4trn cost of failure to invest in US ports
- Trade wars: how is air cargo impacted?
|JULY 23, 2018|
- Mark Lamarre named CEO of Seaspan Shipyards
- 3D production engineering helps rapid rollout of NYC Ferry fleet
- KVH marks mini-VSAT milestone
- Calls for duck boat ban as NTSB continues investigation of fatal sinking
- LNG fueled Princess Cruises duo will be biggest ships ever built in Italy
- Court ruling sees Wilhelmsen abandon plan to acquire Drew
|JULY 23, 2018|
- Port Arthur LNG development hangs in balance after Woodside withdrawal
US-based Sempra Energy says it is still fully committed to the project
- Bangladeshi dockyard blast kills two
Three more were left injured after a gas cylinder exploded
- Wärtsilä smart technology optimism tempered by geopolitics
Jaakko Eskola, president and chief executive of Wärtsilä, sees positive momentum in second-quarter numbers and there is optimism about the...
- IMB urges 'extreme caution' in Philippine waters
The IMB advises all vessels to take strict anti-piracy measures
- Tanker market drags on Cosco Shipping Energy Transportation
Results come as Stifel expects tanker rates to pick up in the remaining part of the year
- London Club sets up Cyprus unit as Brexit backstop
Concern over EU departure growing in Britain's maritime sector
- US sinks Wilhelmsen's $400m acquisition of Drew Marine
Norwegian group disagrees with FTC's assertion that merger would harm customers and says it will take a one-off hit from...
- Scorpio Bulkers marks return to profit in second quarter
Update: Company executives say strategy going forward will be on sale and leaseback deals
- Carrier woes weigh on charter market
The idle boxship pool has continued to rise as carriers scale back on capacity
- UK Club redeems $100m hybrid bond
Capital has grown substantially over last decade, insists marine mutual
- HPH Trust posts lower first-half volumes and profit
Terminal operator cautious over outlook for the rest of the year
- HHI and SHI suffer as costs ramp up
Results come as Korea Offshore & Shipbuilding Association warns that South Korea's yards are expected to have their worst annual...
- Icelandic fishing company takes 25% stake in Eimskip
Stake acquired from US investor
- Crowley takes delivery of LNG-fuelled con-ro vessel
Jones Act outfit partnering with ExxonMobil for cleaner bunkering
- Inventory run-downs threaten transpacific box freight growth
Reduction in demand and further tariffs will add more pain for box carriers dependent on transpacific volume growth
- Fincantieri to build LNG ships for Princess Cruises
The two next-generation 175,000-tonne cruiseships will be the largest vessels built so far in Italy, with deliveries scheduled in Monfalcone...
- Sinotrans & CSC wins dispute over disposal of dry bulker operator CSC Phoenix
State logistics and shipping conglomerate has won a suit against its private counterparty in an earlier equity disposal deal
- Daily Briefing
ExxonMobil sees role of LNG bunkering in multi-fuel future | Angelicoussis splits scrubber orders as fleet retrofit begins | UK...
- Indonesian coal exporters baffled as insurance rule looms
Domestic coal production might also decline from 2019 in line with the nation's development plan, reducing shipments
- Meeting customer demand is key challenge, says SIPG president
Yan calls the disposal of LBCT 'a big pity', although the setback will not deter SIPG from overseas investment
- Electronic bills of lading can help prevent fraud or deception
Carriers, exporters, importers and everyone else involved in international trade are solving the problems of fraud using new technology
|JULY 23, 2018|
- NW Seaport Alliance blames cheaper Canada rail for market share loss
- Moderate ILWU leaders vie to succeed McEllrath
- Charleston begins wharf work on terminal to handle 18,000-TEU vessels
- Baltic port competition for Asia cargo heats up
- European breakbulk outlook brightens
- Trade war impact clouding container logistics outlook
|JULY 23, 2018|
- Keppel snaps up new contract to convert LNG carrier to FSRU
Singapore-based shipyard to complete project for mystery owner by year end.
- US soybeans may head to South America
Trade war may encourage American exporters to ship the commodity south rather than east, Scorpio Bulkers executive says.
- Seaspan picks new chief executive
Canadian containership owner snaps up ex-CEO of ASC for top job.
- Wagenborg confirms ballast tank puncture on grounded MPP
The environmental damage is minimal with no damage to machinery onboard, official tells TradeWinds.
- Teekay Offshore names new CFO
US-listed master limited partnership picks offshore energy veteran to head finance.
- Hutchison Ports narrows earnings
Singaporean company sees lower second-quarter profit amid lower revenue, higher expenses.
- Cosco Shipping Energy sounds profit warning
But annual meeting hears of counter-cyclical response, including seizing golden LNG growth opportunities
- Scorpio Bulkers slips below second quarter forecasts
New York-listed owner pays out fourth consecutive quarterly dividend.
- Scrubbers set to split tanker market, says analyst
Complex economics face owners with VLCC retrofits ranging from $4m to $8m and uncertainty over fuel price.
- Samsung Heavy nets $370m trio
New deal with US owner brings some cheer to shipbuilder after disappointing quarterly numbers.
- GasLog sounds trade war concern for market recovery
Paul Wogan says hostilities have yet to reach the level where investment would be deterred.
- US ruling kills off Wilhelmsen's planned takeover of Drew Marine
Norwegian group abandons acquisition and agrees $20m termination fee
- UK P&I Club redeems hybrid bond
The UK P&I Club has redeemed a $100m hybrid bond which was issued in 2008 in preparation for the EU Solvency II directive. UK Club launches search for safety innovations It explains the decision comes with the club having experienced a $300m improvement in capital during the past decade and holding free reserves of $540m at the close of its last full year in February. UK Club chairman Alan Oliv
- Tanker market 'downright ugly' in 2018
Difficulties in crude and products will keep major players in the red, Stifel says.
- Short-sellers target Maersk in record numbers
Increasing tension between US and China contributing to trend.
- Fincantieri boosts order haul with Princess newbuildings
Global orderbook continues to spiral as more ships set to be LNG powered.
- Samsung Heavy Industries slumps to a loss
South Korean shipbuilder returns to the red in the second quarter.
- MOL and China Cosco LNG carrier confirms new seasonal route
An LNG carrier jointly owned by MOL and China Cosco has completed the first shipment from the Yamal project to China. The voyage is significant as the 172,600-cbm Vladimir Rusanov (built 2017) used the Northern Sea Route during the trip, opening up a new seasonal trade route. In a joint statement the shipowners said the vessel sailed from Sabetta Port to PetroChina LNG Jiangsu Terminal in 19 day
- Hyundai Heavy Industries posts deep second quarter loss
Shipbuilding giant sees loss run a long way beyond what analysts had projected.
- Kim Heng adds two more anchor handlers
Singapore offshore player takes units from the fleets of Emas and Swissco as part of its plan to gain better economies of scale in the offshore sector.
|JULY 23, 2018|
- Next wave of crane deliveries in Virginia begins
Norfolk International Terminals reported Monday that the heavy-load vessel Happy Buccaneer was at berth with the first group of six rail-mounted gantry cranes that are the centerpieces of the $375 million capacity-expansion project that is under way.
- Applications filed to import controlled substances
The Drug Enforcement Administration has received applications from five U.S. companies seeking to import controlled substances.
- Leading Americas seeks duty exemption in Illinois
Leading Americas Inc. has submitted a notification of proposed production activity to the Foreign-Trade Zones Board for its facility in Hampshire, Ill.
- Bacardi serves FTZ Board with alcohol request
Bacardi USA Inc. has submitted a notification of proposed production activity to the Foreign-Trade Zone Board for its facility in Jacksonville, Fla.
- Wilhelmsen abandons Drew Marine acquisition
Norway's Wilhelmsen has abandoned a plan acquisition of Drew Marine, a U.S. company that makes marine water treatment chemicals and services for ships.
- U.S. freight market throttles back in June
Growth in the North American freight market continued in June, but at a slower rate than in recent months, according to the latest Cass Freight Index Report.
- Nonbinding resolution supporting ICE passes House
Thirty-four Democrats and one Republican on Wednesday voted in opposition to a House resolution in support of Immigration and Customs Enforcement (ICE), as another 133 Democrats abstained from a "yes" or "no" vote by voting "present."
- Container freight rate indices disagree again
Two of the primary indices for measuring container freight rates are once again heading in the opposite direction after carriers significantly reduced capacity in the major east-west trade lanes.
- Fewer ships declared total losses
A review of shipping safety by the insurance company Allianz says while there was a slight uptick in shipping incidents - or "casualties" as they are termed in the industry - during the past year, there was a continuing downward trend in
|JULY 23, 2018|
- Oil market parries Iran/US jawboning as cracks rally
Early bullishness triggered by a war of words between Iran and the US evaporated by the end of Monday trading, as ICE September Brent settled near flat, down 1 cent at $73.06/b.
- HSFO dominates summer interest in NWE; LSFO, LSSR slack: sources
The Northwest European high sulfur fuel oil crack has paved the way for a strong fuel oil market this summer, reflected in the 3.5% FOB Rotterdam barge crack, while value for low sulfur fuel oil and straight run drag behind leading to a soft hi-lo and weak LSSR premiums.
- Distillate arrivals into Europe in July from USGC remain at 1.7 mil mt
But arbitrage shut for H2 July.
- ISO working with oil, engine associations on handling of IMO-compliant 0.5% bunker fuel
It added that the current ISO 8217: 2017 standard is applicable to 2020's 0.5% sulfur fuel.
- Virgin Voyages inks agreement with Wartsila for scrubbers, other marine solutions
Three Virgin Voyages vessels will be equipped with Wartsila's hybrid scrubber system.
- US-based WeissLaw joins claims investigation against Aegean Marine
A class action lawsuit has been filed on behalf of all persons or entities that purchased shares of the company between April 28, 2016 and June 4, 2018, it said.
- FUTURES: Crude trades lower during Asian trading session
"Prices are consolidating at the moment in the Asian market post the swings last week," an analyst at Phillip Futures, said.
- Iran's Khamenei supports blocking Mideast oil exports if its crude sales are stopped
If oil from Iran is not be exported, oil of no country in the region will be exported,Khamenei said Saturday in a speech.