|JULY 26, 2018|
- DP World global container volumes spike 5pc to 36m TEU
- Port of Antwerp H1 box throughput surges 8.3pc to 5.5m TEU
- HMM signs with BoxTech database to breach 11 million container mark
- ATA endorses Trump worker training pledge
- ICS encouraged by IMO's reasoned approach to sulphur cap issues
- Contship Italia doubles Milan-Zurich intermodal rail services
- CEVA Logistics pre-tax profit up 8.1pc in first half as revenues rise 5.2pc
- FedEx leads the pack while Qatar edges up and Cathay slips to 5th
- Hawaiian Airlines confirms order with Boeing for up to 20 787 Dreamliners
- Two aircraft back in service as NCA is rapped over maintenance lapses
|JULY 25, 2018|
- BCBA organises AEO Focus Week from July 16 to 20
- India's exports to touch $ 350 bn in current fiscal, says Commerce Minister
- Scope seen for greater economic engagement with Cambodia, Laos & Myanmar
- Five Major Ports to develop waterways in their vicinity
- OFFICE OF THE COMMISSIONER OF CUSTOMS, NHAVA SHEVA GENERAL CCSP Cell, JAWAHARLAL NEHRU CUSTOM HOUSE
- DP World to build & operate new logistics hub in Mali
- Phase 1 of Delhi-Mumbai Industrial Corridor has 8 investment regions
- SEZ Rules to be aligned with GST laws by July end: Commerce Ministry official
- New consumers seen recouping coal trade
- Shipping Secretary Gopal Krishna to be Chief Guest at Maritime And Logistics Awards (MALA) 2018
- WTO Director-General calls for speaking up for global trade & trading system
|JULY 26, 2018|
- Automated swap-body transporter being tested in Germany
- Swiss consultation on aviation infrastructure launched
- APL adds call in Iraq
- Founder and veteran switch roles at Vanguard Logistics
- Faster rail transport for Kazakh flour
- Geodis strengthens partnership with Cdiscount
- Direct ASL Airlines link from Paris to...
- New face on Hellmann board
- 2M and Zim to start partial cooperation
- Swiss government funds for Gateway Basel Nord
- Agility opens Swedish warehouse
- Menzies Aviation now handles Virgin Atlantic Cargo in...
- Impact of trade barriers imminent?
- RCG with own traction on Greek railfreight services
- Rhenus Home Delivery acquires Jos Dusseldorp Transport
- Changes at the top at Bertschi
- Australia to build first paved Antarctic runway
- Global LPI ranking 2018 shows trend to Europe
|JULY 25, 2018|
- Second wave of US LNG export projects takes shape
- Lack of Brexit breakthrough frustrates IUA chairman
- Safety breaches behind YM Efficiency boxes overboard
- "K" Line settles defamation lawsuit against APL Logistics
- UK shipping bodies welcome latest Brexit white paper
- MOL signs long-term Kamsarmax bulker charter for Sumitomo utility
- Seoul donates its port stakes to new state finance provider
- Foremost Group adds to orderbook with Kamsarmax pair at Oshima
|JULY 25, 2018|
- Duck boat law based on ignored 1999 NTSB findings in works
- Upgraded Wärtsilä 20 engine wins multiple orders
- COSCO Shipping comes under cyber attack
- Klaus Heim takes helm at WinGD
- Sea Machines quadruples its team size in just 18 months
- New MAN PrimeServ service center opens in Zhousan, China
- Teri LaForest joins Bristol Harbor Group
|JULY 25, 2018|
- Concordia adds tanker charters to strengthen position
Stockholm-based company says charters strengthen its position because it believes there will be a 'progressively stronger market' from the autumn
- Ransomware: Yes, you're at risk too
Time for action, not 'guidelines' or 'encouragement'
- Pavimar buys second Toisa kamsarmax
Ismini Panayotides-led Pavimar brings fleet to 14 bulkers with Trade Prosperity acquisition
- NYK agrees BWM retrofit order with Sunrui for 89 ships
Chinese manufacturer claims it is the single biggest ballast water management system order ever made
- US to introduce new rules on service agreements
FMC will allow negotiated rate arrangements to be easier and more attractive to use
- Deutsche Bank makes further progress on 'derisking' shipping portfolio
Dry bulk and container markets saw some improvement in the second quarter, but the tanker market 'continues to be under...
- Shipowners rally around Greece wildfire victims
Industry expresses grief for the toll of this week's blazes as numerous vessels aid those fleeing the flames in coastal...
- Eagle Bulk confirms ultramax deal
The 2014-built SDARI-64 type vessel is due to be delivered during the fourth quarter
- NYK revises down forecasts
ONE start-up costs wipe out operating profit at parent company
- Frontline launches equity offering to fund scrubber installations
The tanker owner is partnering up with Morgan Stanley for the ATM offering of $100m common shares
- Zim agreement with 2M will bring better service, says Glickman
Zim chief executive Eli Glickman says strategic partnership with 2M alliance will allow for more port pairs and better schedule...
- Mombasa cruiseship terminal completion delayed by a year
The port of Mombasa has received six cruise vessels between October 2017 and March 2018
- Shipping efficiency has three complementary elements, briefing concludes
The introduction of new technology to shipping has had an impact on maritime regulation and on manpower such that they...
- K Line dispute with APL Logistics reaches settlement
K Line filed a lawsuit against APLL at the Tokyo District Court in December 2016
- China to gain marine diesel demand at expense of Singapore
Wood Mackenzie estimates a 100,000 bpd switch from high sulphur fuel oil to marine diesel on inland waterways
- Costamare second-quarter profit beats expectations
Greece-based boxship owner unveils financing for two recent acquisitions as well as a slew of new charters
- Daily Briefing
IMO report turns spotlight on crew fatigue | Product tankers find strength in Pacific but stay listless in Atlantic |...
- Cosco Shipping targeted in ransomware attack
The company has requested a computer inspection in China with anti-malware software and asked its staff not to open 'suspicious'...
- Scorpio Tankers buys 55 ballast water systems from Ecochlor
Installations are scheduled for between the fourth quarter of this year and the end of 2022
|JULY 25, 2018|
- US Southeast chassis pool gets regulatory approval
- Cosco cargo moving slowly via US ports post-cyber attack
- US shippers set to suffer if tariffs assessed on containers
- Log-Net scores win but IP software battle continues
- Mumbai protest, general shutdown hampers JNPT truck slow
- Tariff pressure does not defuse peak season air cargo worries
|JULY 25, 2018|
- Safe Bulkers reveals profit, sale-leaseback, debt refinancing
Listed Hajioannou company enjoys robust income growth in Q2 but sees costs rise due to drydockings.
- High winds play role in Yang Ming box loss
Taiwanese container line's 4,250-teu YM Efficiency (built 2009) lost 83 boxes amid winds of almost 50 knots, according to initial report.
- Cosco unit to sell $340m in asset-backed notes
Cosco Shipping Development will use the proceeds for business development and repayment of Cosco Shipping Leasing loans.
- Cosco's Long Beach terminal hit by cyber-attack
Ransomware attack has not affected the Chinese shipping company's operations at the California's Port of Long Beach, port spokesman says.
- Pavimar buys second bulker from Toisa fleet
Ismini Panayiotides-led bulker company notches up 14th ship in Clarksons-run sell-off
- First Ship Lease concludes syndicated loan refinancing
Singapore-listed tanker and boxship owner pulls High Court meeting and discharges moratoria
- Concordia Maritime adds to suezmax presence
Stena-linked owner inks a 12 months contract for crude tanker number four.
- Cyprus restates $7.5m fine on Ioannis Vardinoyiannis
Greek ferry executive fined again over stock transaction 11 years ago
- Castleton locks in Eletson aframax for 12 months
Connecticut trader Castelton Commodities International has chartered an Eletson-owned aframax tanker for a year. Brokers said the company has booked the 109,000-dwt Kastelorizo (built 2018) for a rate believed to be $15,500 per day. TradeWinds has requested confirmation from both companies. The rate that Casetleton is reportedly paying is somewhat higher than that a one-year aframax charter i
- Koch picks up K-Line VLCC for three years
K-Line has scored a three-year charter with Koch Industries for a freshly built VLCC. Alafouzos reveals 2020 vision as driver of first public listing John Fredriksen's Frontline goes scrubber shopping The Japanese shipping giant fixed out its 313,000-dwt Tonegawa (built 2018) to the US trader at a rate that is believed to be $30,000 per day, brokers said. TradeWinds has requested comment from
- Eagle Bulk Shipping given a lift by Maxim Group
Gary Vogel-led bulker owner's shares upgraded to buy amid anticipated ongoing improvement.
- Marinakis pledges support to Greek wildfire victims
Greek shipowner and football club owner Evangelos Marinakis has dipped into his pocked to aid victims of wildfires in Greece. Marinakis has combined with Olympiacos FC to donate EUR 1m to help relive those impacted by the disaster. Marinakis helps Greek town hit by flash floods Greek ferry crews hailed as heroes Bank accounts have also been established for those wishing to donate to the cause,
- Seadrill back on Oslo Bors in double quick time
John Fredriksen's Seadrill will not be missing from the Oslo stocks pages for long. Seadrill emerges from chapter 11 Seadrill was technically delisted in Oslo a few days ago following its Chapter 11 restructuring efforts. However, new shares in the offshore driller will be traded on the Oslo Stock Exchange from tomorrow. Fredriksen and partner Centrebridge provided fresh capital as part of t
- Foremost Maritime back at Oshima for bulker brace
Latest order extends relationship between Chao family company and Japanese shipbuilder.
- Houthi militia target Saudi oil tanker
Attack in Red Sea follows earlier missile assault on Bahri VLCC
- Hansson sets sights on top suezmax spot after scrap sales
Shipowner is almost $80m up after demolition deals and now wants to grow again.
- NYK issues profit warning
Cost of liner business reshuffle and trouble at air cargo wing hit forecasts.
- K Line settles Tokyo lawsuit against APL Logistics
APLL and parent Kinetsu acknowledge talk of bankruptcy threat "erroneous"
- CM Lemos and Zodiac Maritime in talks over $66m VLCC deal
Greek owner could exit sector with sale of brace to Eyal Ofer-led company.
- DP World to build and operate Mali logistics hub
Work starts next year on project to smooth import and export of goods via Port of Dakar.
- SolstadFarstad boss toasts stronger oil price
Norwegian offshore owner posts more contracts for construction support vessels
- Eimskip focuses on North Atlantic trade growth
Company will benefit from shareholder Samherji's logistic experience in the North Atlantic, chief executive tells TradeWinds.
- Fredriksen's Frontline turns to $100m ATM
Morgan Stanley hired to lead potential capital raises to back growth and scrubber project.
- Greek ferry crews hailed as heroes
Rafina-based ferries helped rescue fire victims from the sea as the areas surrounding their home port went up in flames
- Waruna Nusa Sentana begins scrapping tankers
Indonesian owner sends two elderly products tankers to the breakers with more expected in the future.
- Sales talk surrounds Cara Shipping capesize quartet
Shipbrokers speculate over sale of four bulkers to South Korean shipowner.
- Nam Cheong stung by writedowns
Hits on plant and equipment values push Singapore-listed offshore shipbuilder and operator deeper into the red as its future becomes increasingly dependent of its ongoing restructuring efforts.
|JULY 25, 2018|
- Georgia, South Carolina chassis pool gets FMC OK
The South Carolina Ports Authority and Georgia Ports Authority will be able to establish a common chassis pool for customers throughout the Southeast as the result of the Federal Maritime Commission deciding on Wednesday to take no action to prevent the Southern States Chassis Pool Agreement from becoming effective.
- Alabama doctor pleads guilty in driver exam scam
An Alabama chiropractor has pleaded guilty to submitting falsified commercial driver's license medical examinations to the Federal Motor Carrier Safety Administration.
- Sea Machines quadruples headcount in 18 months
Sea Machines Robotics, a Boston-based developer of autonomous vessel technology, announced Wednesday that it has quadrupled in size in the past 18 months.
- Executive Moves: From Air Partner to Vanguard
Onno Meij has assumed the role of chief executive officer of Vanguard Logistics Services. CEVA Logistics has hired Terry Carter as senior vice president of transportation for contract logistics. Draymaster Enterprise has named Phil Dupuis as director of sales. And Air Partner division Baines Simmons has welcomed four consultants.
- DHL opens 16,200-square-foot Charleston facility
DHL has opened a new facility in Charleston, S.C., nearly three times the size of its former one and designed to handle a projected seven-year growth in demand for the company's services.
- "K" Line settles defamation suit against APL
"K" Line says it has settled a defamation lawsuit against APL Logistics, a subsidiary of Kintetsu World Express.
- NYK issues profit warning
Japan's NYK has issued a profit warning for its current fiscal year, citing costs related to changes with its container shipping business, problems at its Nippon Cargo Airlines (NCA) subsidiary, and higher fuel costs.
- Canada takes U.S. solar tariffs to NAFTA tribunal
The Canadian government has asked the NAFTA Secretariat to set up a panel to review U.S. tariffs on solar panel imports.
- UPS delivers higher earnings in Q2
UPS Inc. in the second quarter of 2018 grew its earnings 7.3 percent to $1.5 billion compared with the same 2017 period, according to the company's most recent financial statements.
|JULY 25, 2018|
- First Rotterdam-WAF fuel oil Suezmax booked in Aug amid busy loading schedule
The first Suezmax booked to load fuel oil in Rotterdam for discharge in Lome in August was booked late Tuesday, shipping sources said.
- Steel tariffs could slow US oil, gas output growth: Plains
Imposing steel tariffs on US oil and natural gas pipeline builders could delay some projects, make others uneconomical and ultimately slow US production growth, a Plains All American executive told Congress on Tuesday.
- First Mellitah crude loads since termination of El-Feel force majeure: data
For the first time since Libya's National Oil Corp. lifted a force majeure declaration on oil flows from the El-Feel field, a tanker has lifted crude from the Mellitah complex, data show.
- Sharp 6.15 million-barrel US crude draw boosts oil futures
The oil complex settled higher Wednesday after US Energy Information Administration oil data showed US crude stocks fell 6.15 million barrels for the reporting week ended July 20.
- Trefoil Trading BV trades for 1st time in Rotterdam's bunker fuel MOC process
Rotterdam bunker supplier Trefoil Trading BV traded for the first time during the Rotterdam bunker fuel Platts Market on Close process on Wednesday.
- Gibraltar bunker operations rise amid higher HSFO loadings
The number of bunker supply operations at the Mediterranean hub of Gibraltar have risen week on week, data from the port authority showed Wednesday afternoon, amid increased end-of-month high sulfur fuel oil cargo loadings.
- China COSCO orders ships with option for dual fuel operation ahead of 2020
The engines will be installed in 11 new vessels being built in shipyards owned by China Shipbuilding Industry Corporation
- INTERVIEW: EGCSA expects scrubber adoption to soar as IMO 2020 rule looms
"I doubt if there is more than 0.5 man-day per month required for scrubbers" Gregory said.
- Iran's July LPG shipments recover to about 484,000 mt: shipping sources
Among the ships that have departed, one each is slated for Taiwan and Thailand, according to cFlow.
- Turkey vows to keep buying Iran's oil
Turkey is Iran's biggest oil buyer outside Asia and last year imported almost halve of it's crude from the country.
- Singapore ex-wharf 380 CST bunker premium hits 3-month high on strong cargo market
The premium was last higher at $11.19/mt on April 25 when off-spec issues had surfaced.
- Contango emerges in Dubai cash crude structure amid ample supply
"Front end length," said one Singapore based trader, adding there were "a lot of additional barrels in a market that doesn't need them."
- Turkey informed US it will not comply with Iran sanctions: report
"We have told them we will not join these sanctions, we buy oil from Iran and we purchase it under proper conditions," Turkish foreign minister Mevlut Cavusoglu said.