|JULY 30, 2018|
- Asia-Europe rate rises 7.3pc to US$926/TEU, up 16.4pc to USWC
- APL to launch weekly Japan-Russia Express Service in August
- Zim-2M Asia-US East Coast tie-up will cut their capacity 18.4pc: Alphaliner
- NYK warns of US$67.5 million operating loss not profit as earlier forecast
- Port of Dublin first half container volume rises 5.8pc to 356,000 TEU
- MPCC continues fleet expansion with purchase of 1,700 TEU box ship
- Nigeria bans Maersk and Cosco, but its impact is clouded in confusion
- Asian Games 2018 in Indonesia selects ECU Worldwide as logistics partner
- Swiss WorldCargo is CEIV-Pharma certified by IATA
- FedEx boosts Vietnam service with new flight to and from Hanoi
- High tech, interdisciplinary cooperation best way forward for air cargo
|JULY 28, 2018|
- APL to replace Felixstowe with London Gateway on India Pakistan Express service
- Bahri registers significant growth in net profit
- Cabotage relaxation not being considered for non-containerised cargo
- Capt. D. Mishra is the new President of NISAA
- CMA CGM Group announces extension of its Emergency Bunker Recovery measures from Aug. 1
- Iran may provide ships, insurance cover to Indian buyers of its crude oil
- Liberia listed as the fastest growing flag in shipping & offshore
- Mauritius signs Jeddah Amendment on illicit maritime activity
- OOCL reports increased volumes for Q2 & H1
- Samudera Shipping handles more boxes in Q2 2018
- Adani Ports signs long-term regasification pact with GAIL for Dhamra LNG terminal
- Petronet looking at LNG terminal in Bangladesh
- Cathay Pacific successfully concludes trials for next-generation track & trace in air cargo
- Expo 2020 Dubai expected to boost logistics industry
- Govt promises review of transporters' issues
- SIAM's Automotive Logistics Conclave calls for mitigating gaps to facilitate industry growth
- Customs Help Desks at FIEO offices helped resolve large number of IGST refund issues of exporters: FIEO Regional Chairman
- GST has ushered in a transformational change in indirect taxation in the country, says CBIC Chairman
|JULY 27, 2018|
- Fincantieri profits remain modest despite record orderbook
- 'High disparity' between flag states in protecting seafarers' human rights, study finds
- SBM Offshore pays USD148 million, sees bonuses cut under Petrobras pact
- Ship management raises the bar
- Precious Shipping's Khalid Hashim talks down newbuilding surge
- Zhejiang Satellite Petrochemical makes shipping debut
- U-Ming, Ericsson develop satellite-based ship safety system
- Shipping book review: Dynasties of the Sea (Volume II)
|JULY 27, 2018|
- Peak season sees freight rates more buoyant and carriers bullish on price hikes
- Ransomware-hit Cosco turns to Yahoo and Facebook to keep in touch
- Happy first half for Ceva Logistics as a successful IPO starts to deliver
- DHL the first global forwarder to establish a footprint in Ethiopia
- Indonesian logistics benefits as booming e-commerce leads to cheaper PLBs
- Market insight: a regional break up best for Panalpina, Mr Ulber?
|JULY 27, 2018|
- VIDEO: Damen Harlingen completes work on Fugro survey vessel
- Gibdock is first yard in Med with new ISO workplace safety certification
- Historic NYC fireboat has dazzling new look
- Wison working on FLNG for Canada gas export project
|JULY 27, 2018|
- Port of Corpus Christi raises $216m in bond sale
Given an anticipation of a continued ramp-up in exports, ports need to be upgraded
- Aramco's halt of Bab el-Mandeb shipments could hit Bahri operations
Operations of non-Saudi vessels have been unaffected by the Aramco decision, regardless of their cargo origin
- Dynagas declares a slim profit
The current year is a transitional one for the Dynagas fleet while a couple of its vessels are operating on...
- The Interview: Guy Platten
Shipping has been good to Guy Platten, who signed up to the Royal Fleet Auxiliary aged 18 and will shortly...
- UK shipping head warns over dangers of a no-deal Brexit
IUA issues new post-Brexit insurance clause
- Positive dry bulk fundamentals outweigh trade war jitters
Headlines about trade wars overlook the fundamental fact that global dry bulk demand is in solid growth mode, says Pacific...
- Crowded market dents profits at Capital Product Partners
Capital Product Has posted a dip in profit as tankers endure softer market. Elsewhere, relatively healthy charterer interest in period...
- Purchase window for secondhand offshore vessels may be closing
Bargain hunters have had a good run in secondhand markets but ship values may come off the bottom soon
- China always has Silk Road if US trade deteriorates
One Belt, One Road 'could potentially result in a large economic trade bloc unto itself, potentially leaving the US out...
- The Lloyd's List Podcast: Cyber rumbles, beans, gas and Trump
Listen to the latest edition of Lloyd's List's weekly podcast - your weekly briefing on the stories shaping shipping in...
- OOCL to be led by two chief executives, sources say
The new set-up in the top layer of management comes as Cosco Shipping closed its acquisition offer on Friday
- US dry bulk ETF outperforms listed stocks
The fund, which is based on futures prices, has been performing in the top three of US-based ETFs over the...
- Cosco cyber attack continues to affect American operations
Little risk of spreading to other regions or repeating a Maersk-style meltdown
- Pacific Basin returns to profitability as bulker prospects brighten
Strong minor bulk shipping demand will likely continue aiding the handysize and surpamax bulker player
- Scorpio Bulkers to buy four on back of $60m credit facility
Loan facility will increase Scorpio Bulkers' liquidity by about $21m after repayment of the vessels' existing debt
- Slowing scrapping poses threat to dry bulker earnings, warns Precious Shipping
Second-quarter profit of $2.85m was a major improvement on the net loss of $150,000 booked a year earlier, although it...
- Chinese newbuilding orders double in first half of year
Cansi's report shows that the Chinese shipbuilding industry has become more consolidated amid difficult market conditions
- Daily Briefing
Cosco IT woes spread beyond US | Exclusive interview with Guy Platten | Viewpoint: A shot in the foot |...
- Over 60% of newbuilds at Korean yards in first half include scrubbers
Earlier adopters of scrubbers are expanding the installations onto their entire fleet, says KR senior surveyor Hyun-Tae Kim
|JULY 27, 2018|
- Charleston, Savannah nibble larger share of resin exports
- Backed by spot rate strength, trans-Pac carriers levy hefty GRIs
- More CSX intermodal changes to test shippers, Harrison's legacy
- Trans-Atlantic carriers cut services as US-EU trade growth slows
- Asia-Europe spot rate strength builds ahead of peak season
- India truckers' strike over diesel costs delays northwest freight
|JULY 27, 2018|
- Contaminated bunker fuel sold in Singapore
Adulterated marine fuel that clogs and damages engines has made its way to the world's largest refuelling hub.
- Wison scores Canadian FLNG contract
Chinese shipbuilder will carry out FEED work for Western LNG project in Canada.
- EPB doubles profit as Preststulen talks up geared portfolio
Managing director says portfolio has been geared to cope with market moving either way.
- Cosco's top accountant resigns
Zhang Mingwen is leaving to take another job, according to Chinese shipping company.
- Diana Containerships returns to red
US-listed boxship owner sees almost $34m in loss on four ships.
- Dynagas LNG Partners beats second quarter profit forecasts
George Procopiou's Dynagas LNG Partners has recorded a stronger than anticipated second quarter profit with analysts confident the MLP can keep its distribution in place following cuts earlier this year. Dynagas Partners today reported a profit of $400,000 for the three months to the end of June, which increases to $4.5m following calculations for one-off items. Scrubbers, LNG and compliance def
- Capital Product Partners sees lower earnings
Diversified shipowner missed Wall Street consensus despite higher revenue.
- JX Ocean extends VLCC fleet renewal with veteran sale
JX Ocean of Japan has sold one of its oldest VLCCs, brokers say. CM Lemos and Zodiac Maritime in talks over $66m VLCC deal JX Ocean inks JMU VLCC order The 304,000-dwt Nichioh (built 2004) has been picked up by a shipowner in Greece, it is believed. A price of $23.5m is being placed on the Universal-built ship, but the identity of the buyer has yet to be confirmed. Brokers suggest in the re
- SolstadFarstad snaps up new AHTS contract
Anchor handler to be hired out to Italy's ENI for five months.
- Grounded Wagenborg Shipping MPP refloated
Dutch-flagged vessel stable and anchored in Scottish waters.
- OSM boss says Oaktree tie-up 'written in the stars'
Business as usual but shipmanager more financially robust as it seeks to grow
- Evalend denies handysize sale rumour
Greek owner Evalend is denying market rumours it has disposed of a three-year old handysize bulker. Gossip has been swirling around brokers' offices that the Athens-based company was selling the 38,200-dwt Evangelia L (built 2015) to Middle-Eastern buyers for about $19m. Kriton Lendoudis-led Evalend, however, told TradeWinds in an e-mail this was "a false rumour" and that the vessel wasn't even
- Sinokor linked to purchase of seven capesize bulkers
Shipowner is paying over $260m for dry cargo tonnage across two transactions, brokers say.
- China firms marine fuel regulations
Emissions control area to include the full Chinese coastline from 2019.
- Oaktree takes big stake in shipmanager OSM
OSM founder to retain control as US investment player joins party and looks to strengthen platform
- OOCL enters new ownership with box leap
Asia-Europe and transpacific boost Orient Overseas as Cosco takes control
- Pacific Basin brings back dividend after profitable first half
Hong Kong-listed shipowner cool on trade war as dry bulk market improvement continues.
- Construction materials lift Great Lakes dry bulk trade
Asphalt, cement and stone demand spikes in the Great Lakes-St Lawrence Seaway region
- Skuld P&I club pulls back from Iran
Boss Stale Hansen says US responsible for forced cut in ties with Iranian owners
- Analysts chart Diana Shipping's path back to profit in 2018
Diana Shipping's first profitable quarter since the end of 2012 is likely to be followed by the end of a five-year losing streak, analysts believe. "Diana should remain in the black from here," said Ben Nolan of Stifel in a post results report, while Jon Chappell of Evercore hinted an upgrade of the shipowner's stock was on the cards. Diana Shipping explains S&P stance after loan repayment Dian
- Ducau takes the helm at Eastern Pacific Shipping
Newly appointed chief executive tasked with leading the company through its next phase of innovation and growth
- Tufton Oceanic Assets adds dry bulk and LPG exposure, pays first dividend
Expansion and payout comes as London-listed company grows in line with IPO plans.
- Precious preaches purging older bulkers
Thai bulker operator expects better financial results and a stronger dry-bulk recovery if owners scrap more ships
- Louis Group profits on sale of Majesty
Cypriot cruiseship owner finds willing taker for unwanted cruiseship although details remain scant on the ground.
|JULY 27, 2018|
- OOCL reports increase in volume, rates
Orient Overseas Container Lines handled 1,691,538 TEUs of containerized cargo in the second quarter, 4.6 percent more than in the same 2017 period.
- Cyberattack overshadows COSCO's OOIL purchase
Chinese state-owned shipping conglomerate COSCO Shipping Group has officially completed its acquisition of Orient Overseas International Ltd., the parent company of ocean carrier OOCL, according to a statement from OOIL.
- CEVA records $45 million Q2 loss
CEVA Logistics AG saw more red ink in the second quarter of 2018, reporting a $45 million loss, the same as in the second quarter of 2017, despite a 7.3 percent increase in revenues to nearly $1.85 billion, according to the Barr, Switzerland-based global third-party logistics provider's most recent financial statements.
- No firm timetable for lifting metal tariffs on EU
Answers about a potential deadline the United States and EU are working toward for dropping U.S. steel and aluminum tariffs and corresponding EU retaliatory tariffs are not "easily attained," after senior officials from the two governments reached agreement Tuesday to work toward eliminating the tariffs as part of a broader rapprochement on trade, Sen. Jerry Moran, R-Kan., told reporters after a
- U.S. GDP surges 4.1 percent in Q2
U.S. gross domestic product - the broadest measure of a nation's overall economic health - grew at an annual rate of 4.1 percent in the second quarter of 2018, the fastest pace since the second quarter of 2014, according to the advance estimate from the Department of Commerce.
- G&W posts double-digit revenues growth
Short-line and regional railroad operator Genesee & Wyoming recorded a net income of $48.6 million on operating revenues of $595 million for the second quarter of 2018, up 1 percent and 10.1 percent year-over-year, respectively, according to the company's latest financial statements.
- EU rejects U.K. customs duty collection proposal
The European Union said it will not allow the United Kingdom to continue benefiting from its customs procedures and duty collection once it exits the EU customs union.
- APL, FESCO offering Japan-Russia service
APL said it will offer a joint service between Japan and Russia with FESCO.
- EC approves Germany's rail emissions program
Germany notified the European Commission in January of its intent to invest 500 million euros with its freight railroads to reduce carbon emissions.
|JULY 27, 2018|
- Crude futures give back some of week's rally
Crude futures settled lower Friday, as some fatigue set in following a rally earlier in the week.
- Corpus Christi port sells $216 mil bonds to fund VLCC projects: CEO
The Port of Corpus Christi Authority said Friday its two revenue bonds worth a total of roughly $216 million - to pave the way to load VLCCs with crude for export - has been fully subscribed.
- Middle East LPG spot activity intensifies; widening contango, drives up freight
Eight full LPG cargoes carrying about 352,000 mt of LPG will be loaded in the Middle East in August for delivery to Asia, with the resurgence in spot market activity driving VLGC freight rates to the highest in two and a half years on Monday, shipping sources said.
- HSFO Handysize cross-Med freight surges to two-month high
Freight for cross-Mediterranean dirty Handysize vessels, the most widely used class to carry fuel oil and feedstocks in the European basin, was assessed at a near two-month high Thursday at $9.58/mt, the highest level since June 1 when the route was assessed at $9.72/mt.
- China's Jun gasoline, gasoil exports fall to 4-month low as Asian supply swells
China's exports of gasoline and gasoil fell to the lowest level in four months in June as refiners refrained from shipping out cargoes amid limited quota availability and bulging stocks in Asia that reduced appetite for Chinese cargoes.
- NWE MOC bunker volumes hit 8 month high on tight RMG complex
RMG 380 CST bunker traded volumes on Platts Market on Close assessment process hit 772,000 mt so far in July, an eight-month high, as backwardation continues to grip the European market.
- French shipowner CMA CGM extends bunker fuel surcharges beyond Aug 1
The surcharge will be based on the Brent average price in June.
- ARA fuel oil stocks fall 2% on week but busy Aug loadings ahead
Draws in stocks expected from VLCC and Suezmax fixtures as well as strong Saudi Arabian demand.
- FUTURES 2: Crude stable amid conflicting indicators
Experts said Aramco's measure to suspend oil ships was likely to be short-lived.
- Singapore residue stocks fall to 6.5-year low of 16 mil barrels on higher exports
The arbitrage trade from the West was not viable for cargoes arriving in July.
- UPDATE: WFS bunker fuel sales fall drop by 14% in first half
As the market continued to face increased pressure from global macroeconomics, competition among bunker suppliers.
- Shell's Q2 earnings jump on higher prices as share buybacks return
- Singapore's Maritec detects excessive sludge in bunker fuel cargo
Origin likely US or Estonian shale oil.
- Saudis halt oil shipments through Red Sea strait
Tensions over threats to oil assets and key transit routes in the Middle East are expected to escalate