|JULY 27, 2018|
- Cosco's US operations hit by cyber attack but cargo is still moving
- 'K' Line settles defamation suit against APL Logistics
- ONE takes delivery of 14,000-TEU containership 'ONE Minato'
- Guangzhou Wenchong poised to capture box ship orders
- Overcapacity, not trade war, cause for softening Asia-USEC demand: Drewry
- Major shipping players experience little impact from US-China trade war
- CEVA Logistics enters debt market to sell US$351 million bill payer loan
- Hong Kong owner Seaspan appoints Tina Lai as head of human resources
- Cathay Pacific on track with trials for next-generation track and trace
- Faster air service for perishable exports from Darwin to HK
- Lufthansa Cargo opens up digital sales channel for the spot segment
|JULY 26, 2018|
- BCBA conducts awareness programme on advance noting & DPD
- Sea Cargo Manifest & Transhipment Regulations, 2018 to come into effect on Aug. 1
- Textile & clothing exports up
- Celebrations continue in Chennai for PSA's 20th year in India
- Govt in plans to shift Land Ports Authority of India
- Benefits of engaging 4PL services
- Trade restrictions seen as a worry
|JULY 27, 2018|
|JULY 26, 2018|
- Cyber defence specialist: COSCO fleet could be at risk
- Rising oil prices buoy marine geophysical vessel operators
- Saudi Aramco suspends Red Sea shipments after VLCCs attack
- NYK expects operational loss from ONE divestment
- Blockchain makes first commercial appearance in the maritime industry
- Taiwan to review relief package for shipping companies
- BP locks VLCC newbuilding into three-year charter
|JULY 26, 2018|
- It's business as usual, says ransomware-hit Cosco as OOCL deal is finalised
- UPS Q2 revenues soar after price rises, but profit is 'not where we want it to be'
- Cathay Pacific moves into the blockchain era with ULD tracking
- Analysis: K+N+GFF combination could be a sweet spot for value-hunting investors
- Higher revenue, but tighter net margins at Echo Global Logistics
- Ukraine prosecutes Russian firms for falsifying An-124 maintenance
- Christian Wurst appointed Panalpina's new CEO in Europe
- Logistics veteran Terry Carter joins CEVA as a senior VP
|JULY 26, 2018|
- OSHA cites five contractors following fatal towboat explosion
- Celebrity Edge set for first sea trials at Chantiers de l'Atlantique
- Cyber attack on COSCO Shipping not confined to North America
- Remontowa to build two diesel electric hybrid ferries for Norled
- RO/RO is first ship with new J-ENG 10-cylinder, 50 cm bore engine
- House approves maritime legislation by voice vote
- Consortium to look at blockchain technology and bunkering
- Keppel Shipyard on track for on time delivery of Perenco FPSO
- Kirby President & CEO: Long term outlook remains very bright
|JULY 26, 2018|
- Hard Brexit would hit ports across EU, says French minister
But industry concerns remain on EU departure small print
- Korean vessel lost in collision off northern Japan
Japan coast guard vessel Erimo on its way to inspect collision site located 460 km southeast of Cape Nosappu, Japan
- Diana cools talk of new buys as it returns to the black
Greece-based owner beats analysts' forecast for second quarter
- Navios Midstream improves amid merger talks
Time-chartered VLCC fleet delivers increased revenues and profits in latest quarter
- Blockchain trials start for bunker industry
Better safety and monitoring among goals
- GasLog Partners sees LNG carrier shortfall despite surge in orders
Partnership cites 'robust' demand and says it has the liquidity to fund 14th acquisition
- Dublin readies port for growth and Brexit
Dublin port saw 5.2% growth in imports and exports in the first half of 2018
- Vale expects drop in freight costs with new VLOCs installed with scrubbers
The new contracts of affreightment will cover 62m tonnes per year of Vale's transportation needs
- Rotterdam container growth fails to offset bulk slowdown
Revenues from ship calls stall as coal fails to deliver
- Cosco IT woes spread beyond US
Outside the US, Canada, Panama, Argentina, Brazil, Peru, Chile and Uruguay are also affected
- Viewpoint: A shot in the foot
There will be plenty of voices calling for the orders to be placed domestically, citing the capabilities of shipbuilders which...
- Safe Bulkers boosted by improving market
Owner of 40 bulkers exercises option to repurchase a third kamsarmax previously sold in leaseback transaction
- Daily Briefing
Scorpio Tankers buys 55 ballast water systems from Ecochlor | NYK agrees BWM retrofit order with Sunrui for 89 ships...
- US and EU agree to talks on tariffs and trade
President Donald Trump and European Commission president Jean-Claude Juncker have agreed to suspend new tariffs and work to remove trade...
- Saudi Arabia suspends oil exports through Red Sea lane after tankers attacked
One vessel sustained minor damage, but no injuries or oil spill were reported
|JULY 26, 2018|
- Russia's truck transport regulation likely to boost shipping costs
- Seahawk - a case study in complex, import project cargo logistics
- Shippers to Wall Street: US truck rates hit profits, forcing change
- US truckload carriers warn tighter capacity ahead
- APL adds to carrier jostle for industry blockchain platform
- Record volume at Antwerp port sends delay warning
|JULY 26, 2018|
- Still manually managing your Apple devices?
There is a better way! Jamf Now is a simple device management solution for the iPad, iPhone and Mac devices at work.
- House passes safety bill in response to El Faro
House passes legislation ordering implementation of USCG recommendations.
- Scorpio Bulkers agrees to loan refinancings
Bulker owner strikes deal with two banks for four vessels in move expected to boost balance-sheet liquidity.
- SALT agrees to loan refinancings
Scorpio Bulkers strikes deal with two banks for four vessels in move expected to boost balance-sheet liquidity.
- Navios Midstream sees higher profit
Navios VLCC MLP brings in more revenue thanks to higher number of available days from unscheduled off-hires.
- Greathorse seeks to quell talk of chemical fleet sale
Tiger Group shipmanager denies rumours of a chemical-carrier sell-off driven by shareholder's wish to exit shipping, but ultramax bulkers remain on sales block
- DryShips carves its own path amid good, bad and ugly
George Economou's public company has racked up impressive share gains even as legal skirmishes and governance issues cast shadows
- Aury to lead broker panellists in Baltic 'rights' renewal talks
Frenchman charged with safeguarding market data 'rights' in 2019 negotiations as fears grow of information exploitation
- Higher newbuild reefer capacity king in battle for fresh business
Entry of Maersk Line newbuilding into North Europe feeder service highlights demand for high-reefer capacity on a trade where perishables make up a large share of cargoes moved
- Ofer's XT Shipping plots $460m feedership feast
Tycoon lines up orders in China and South Korea as part of scrubber-fitted bet on boxship market ahead of 2020
- Bengal Tiger Line's new owners focus on growth
Deal marks a chance to ditch former conservative policy and expand the container feeder operator
- Rehder banks on MPP market recovery
German owner takes on multipurpose vessels and hives off boxship duo
- Turkey's Arkas Line in boxships order switch
Company confirms talks with Chinese builder for four 3,100-teu containerships
- Delos splits 12-VLEC $1.5bn order between Hyundai and Samsung
US investment firm books newbuildings against charters to China's Zhejiang Satellite Petrochemical
- Three outfits still in running for AGL FSRU
- Mediterranean deepwater drive looks promising for PSV owners
- Helix stays cautious after a strong second quarter
Helix remains conservative on its outlook despite a strong uptick across the board
- Fearnley Offshore Supply forecasts 'nuanced' market
- Saevik happy to see Reach 'pay as it goes' for Havila Harmony
Havila boss says he would prefer three-year charter was on full terms but that number of covered days is higher than many think
- Dutch Paragon employees take fight to Troim's Aberdeen office
- Two offshore players merge into OSV giant, but did anyone notice?
Scant attention to merger of Tidewater and GulfMark shows just how far offshore has fallen
- Sculpture awash with deep meaning
- Speculation mounts over cause of Ada fire
- Higher charter rates power scrubber uptake by tankers
VLCCs and suezmaxes have a compelling business case for installing scrubbers ahead of 2020
- Pappas-owned PST offloads small tanker in rare S&P move
- Sinokor books more tanker and bulker orders in Asia
Total value of company's newbuildings ordered this year is estimated to top $1.62bn, including optional vessels
- Times Navigation scoops up supramax bulker trio
- Yasa Holding puts five bulkers up for sale
- Diana Shipping explains S&P stance after loan repayment
Ioannis Zafirakis places sales ahead of purchases and explains key sign for dividend return.
- Fincantieri orders backlog surges past 100 ships
Sizzling hot July takes Italian builders workload to a massive EUR 32bn ($37bn).
- Samudera second quarter profit dented
Shipowner nervous about trade war but has an eye on growing its dry cargo business.
- GasLog Partners sees small rise in profit
LNG partnership sees slightly lower costs and hikes dividend while beating Wall Street consensus.
- TMS Cardiff Gas grows LNG fleet with Samsung option
Economou group believed to be ordering sixth LNG newbuilding as it keeps dumping older panamaxes
- Sulphur to top single-skin tanker exit for disruption
- Singapore's CH Offshore set to be snapped up
Baker Technology arm switches focus from EMAS to anchor handler specialist
- AP Moller-Maersk shares rise after Trump and Juncker talks
Rose Garden announcement of "new era" welcome relief for Danish owner's stock.
- Safe Bulkers reveals profit, sale-leaseback, debt refinancing
Listed Hajioannou company enjoys robust income growth in Q2 but sees costs rise due to drydockings.
- Lorentzen Skibs sells supramax bulker
Norwegian owner trims its fleet with $9m sale.
- Zim partners 2M in move to cut transpacific loops
Israeli carrier's cooperation with Maersk Line and MSC set to lead to cuts in capacity and poses questions over Hyundai Merchant Marine's position
- Kirby Corp upbeat on tank-barge outlook
Chief executive David Grzebinski pleased with second quarter results.
- Costamare confident of signing loans for latest newbuilds
Further expansion moves also being considered, chief financial officer says.
- Korean shipbuilding shares on the march
Daewoo leads the uptick thanks to good news for those in the LNG market.
- Losses swell at Hans Peter Jebsen-led KGJS
- Bahri VLCC damaged in Red Sea attack by Houthi rebels
Saudi Arabia's Energy Ministry suspends all oil shipments through the Bab-al Mandeb Strait after Wednesday attack that damaged one of the tanker giants VLCCs.
- Cosco takes the helm at OOIL
Chinese shipping giant completes majority shareholding acquisition of Hong Kong-based liner operator. Offer to buy out minority shareholders closes tomorrow.
- Taiwan Navigation sells pair of panamax bulkers to China
Unknown buyers have picked up two Sumitomo veterans and one of them has beaten China's tight deadline for importing ageing bulkers
- Enoc picks up Benetech LR1 for up to two years
Dubai energy firm charters product tanker from Greek owner at a firm rate.
- General Dynamics Nassco sees higher revenue
San Diego-based shipbuilder sees a massive earnings spike in commercial build sector.
- Seacor Holdings returns to profit
New York-listed company receives $53.9m tax gain from sale of Hawker Pacific Airservices.
|JULY 26, 2018|
- Landstar truckloads hit all-time record
Landstar System Inc., an asset-light trucking company, saw net earnings and revenues in the second quarter of 2018 take a big leap year-over-year amid a tight trucking market and high demand, as well as a significantly lower effective tax rate.
- Executive Moves: UP, Matson, Long Beach board
Union Pacific named Lynden Tennison executive vice president and chief strategy officer. Matson Logistics appointed Michael Coleman as its director of intermodal operations. And Tracy Egoscue was elected president of the Port of Long Beach Board of Harbor Commissioners.
- Commentary: Global pin factories
Adam Smith began his inquiry into the Wealth of Nations with the simple analogy of a pin factory with 10 workers under a single roof. If the men worked as individuals, each man making the entire pin by his own effort, the factory might produce 10 pins a day.
- FMC gives consent to new chassis pool
The South Carolina Ports Authority and Georgia Ports Authority will be able to establish a common chassis pool serving customers throughout the Southeast as the result of the Federal Maritime Commission (FMC) voting today to take no action to prevent the Southern States Chassis Pool Agreement from becoming effective.
- Ryder's profits slide despite record revenues
Ryder System Inc.'s net earnings dropped 16.9 percent to $42.3 million in the second quarter of 2018, according to the company's latest financial statements.
- Old Dominion's net income climbs 66.1 percent
Old Dominion Freight Line posted double digit year-over-year growth in net income and revenues for the second quarter of 2018, with president and CEO Greg Gantt saying how the company benefitted from the positive yield environment and the ongoing strength in the domestic economy.
- Aloha Air, Northern Air cargo pilots ratify labor pact
Teamster pilots with Aloha Air Cargo and Northern Air Cargo on Tuesday voted to ratify an agreement providing for wage increases, benefit improvements and increased job protections.
- HMM joins NYSHEX carrier network
Hyundai Merchant Marine has become the latest ocean carrier to offer enforceable container freight contracts via the New York Shipping Exchange (NYSHEX), NYSHEX said in a statement.
|JULY 26, 2018|
- FUTURES 5: Crude settles higher on US stock draws, geopolitical risks
Crude futures settled higher Thursday, supported by US stock draws and geopolitical risks.
- West Africa demand diverts NWE gasoline exports from North America
Growing gasoline demand in West Africa is pulling more supply from Northwest Europe, curtailing exports to the New York Harbor and shifting the focus of traders there to securing August supply.
- Total ramps up Urals, North Sea interest as Iranian exports exit European market
- Oil watchers dismiss supply risk from Red Sea attacks, but wary of escalation
Oil trade will not be significantly disrupted by the halting of Saudi Aramco shipments through the Bab el-Mandeb strait unless the security situation deteriorates, market watchers say.
- European bunker buying still lackluster on strong crude: sources
Buying interest in the bunkering hub of Rotterdam is lacking as the crude complex continues a sustained period of strength.
- Bunker suppliers unsurprised by lower H1 fuel oil throughput at Rotterdam
Bunker suppliers at the bunkering hub of Rotterdam were unsurprised that the Rotterdam port data Thursday showed a fall in oil product throughput for the first half of 2018.
- August fuel oil crack decouples from crude complex on strong fundamentals
The fuel oil crack has shrugged off its typical inverse relationship with the crude complex, leading to a period of decoupling since mid-July.
- Spanish Repsol's Q2 throughput falls 6% on year to 10.9 million mtoe
Repsol operates five refineries in Spain at Bilbao, Cartagena, Tarragona, Puertollano and Corunna.
- Total's lifts 2018 output target as profits swell
Production in Q2 surpassed a previous record and rose to 2.717 million b/d of oil equivalent, up 8.7% from the same period last year.
- US crude shipments to China drop sharply for July, August
"Sinopec will continue to take deliveries of crude from the US in August, but will reduce buying from the producer for the rest of the year," an executive said.
- ABS updates scrubbers advisory to aid global sulfur compliance
New orders for scrubbers for both new construction and existing vessels is accelerating
- BLOC announces consortium for blockchain use in bunkering
The technology will be used to provide traceability and transparency in the marine fuel supply chain.
- UPDATE: Defence for ex-BP Singapore employee Clarence Chang questions evidence
Trial continues in August.