|JULY 31, 2018|
- OOCL H1 volume up 6pc as revenue per box rises 9.6pc
- OOCL makes changes on M East and transpacific trade lane services
- CMA CGM extends EBS beyond August into high season
- PANYNJ thanks Bayonne Bridge for 6.8pc boost in first half box volume
- CEVA posts US$45m loss as sales rise 7.3pc
- U-Freight endorses WCO framework as trade war heats up
- Taiwan's Dimerco wins MTO status - universal access to Indian markets
- SIA's transformation plan hits snag as quarterly profit plunges 58.7pc
- Etihad Airways signs Chinese air logistics and procurement deal
- Silk Way West takes on role of JAL Cargo's discontinued freighters
|JULY 30, 2018|
- APL introduces weekly Japan Russia Express service
- CEVA makes further progress in second quarter 2018
- CMA CGM strengthens service to East Africa
- Eurotainer appoints APM Terminals as agent for Argentina
- High-profile transport & logistics industry experts to meet in Riga
- ICS encouraged by IMO progress on 2020 global sulphur cap implementation issues
- Milaha's net profit increases 11 pc to QAR 297 m for H12018
- New IMB report shows persistent piracy risk in Gulf of Guinea
- OOCL Trans-Pacific trade service update
- SCFI spot rates show impressive gains
- Antwerp Port Authority implementing a sustainable energy policy
- DECENT Cargo Movers successfully executes another project cargo movement
- Govt awards construction of 6,320 km of roads under Bharatmala project
- Investment in logistics to touch $ 500 bn by 2025
- Remittance of payment to CONCOR's Pithampur terminal only in virtual account from Aug. 1
- CBDT issues Central Action Plan for 2018-19
- Exports sought to be brought under priority sector lending
- FIEO hails increase in limit for courier & e-commerce exports
- India can become a $ 10-trn economy by 2035: Suresh Prabhu
- Prime Minister recognising contribution of industry appreciated
|JULY 31, 2018|
- RCG is hungry
- EGT Express shuttle connects Vilnius and St Petersburg...
- Avianca expanding its US network
- Rhenus takes over C. Spaarmann Logistics
- More inland waterway traffic from Dunkirk to Dourges
- New vehicles strengthen export and internal logistics
- Six months in the incubator for Panalpina
- Fifth new US contract for WFS
- Good results and new WMS for K+N
- Tarros' ADL container service steaming ahead
- New locos for Swedish railfreight operators
- New man fronting Nautilus International Holding
- Hainan Airlines starting third Tel Aviv route
- Beijing-Moscow in just six days
- Further cargo stream uptick in Barcelona
- Uta installs new head of procurement
- Bolloré signs two East African deals
- Dnata celebrating 25 years of international business
|JULY 30, 2018|
- Rate gains for charter box ships eroding
- Middle East crude: a tale of two choke points
- Update: HMM considers foreign class societies for mega box ships
- KOBC selects 10 companies for sale-leaseback deals
- Tainted fuel problem in Singapore could spread through Asia
- SK Shipping books MR tanker from Hyundai Mipo
- TMS Cardiff Gas grows LNG fleet with Hyundai HI option
|JULY 30, 2018|
- OOCL increases market share, but rising costs mean Q2 results could be in red
- Shippers, forwarders and hauliers now planning for 'no deal' as Brexit looms
- Cosco shipping operations 'back to normal' after ransomware cyber attack
- US is winning the trade war - falling Chinese growth will be the proof
- South Carolina's Greenville-Spartanburg Airport sees boom in air cargo
- Lakshmanan Krishnamoorthy to lead engineering team at Navis
- Smaller crop and growing domestic appetite ease China tariff pain for US cherry exports
|JULY 30, 2018|
- NAVSEA awards five companies FFG (X) concept design contract mods
- Ronald Baczowski named VT Halter Marine President and CEO
- Evirocleanse submits inTank BWMS for USCG approval
- Orders for scrubbers show sharp increase
- BV updates guidance on LNG carrier FSRU and FSU conversions
- Corpus Christi gears up for VLCC exports of U.S. crude
- Outrage after Hapag-Lloyd Cruises guard kills polar bear
|JULY 30, 2018|
- American Club unveils senior management promotions
Dorothea Ioannou has been appointed chief commercial officer of Shipowners Claims Bureau, leading several executives stepping up to increased responsibilities...
- EU Navfor to move to Spain and France due to Brexit
The EU's Indian Ocean naval operation is extended until the end of 2020
- Fellowship Blog: Our intern reveals what goes on behind the scenes at Lloyd's List
Find out what it's like to work in shipping journalism by following our new intern
- Australia releases bulker detained over crew payments
Australia has banned four vessels in a year for underpaying crew
- Tufton Oceanic eyes more vessel purchases
Tufton Oceanic Assets, the shipping investment fund that listed in London in December, is 83% invested so far
- Environmental impact of grounded ship off Sweden revealed
The Swedish coast guard claimed some of the spilt oil reached Flatvarp
- Ichthys to begin exporting condensate, LNG and LPG by the end of September
Australian offshore project will ship condensate, LNG and LPG in that order
- Box carriers struggling to improve schedule reliability
Service reliability picks up from dire first quarter but remains poor
- True impact of China-US trade war to be felt in next year's peak season
Long-term effects of a trade war could be 'transformational'
- Cosco declares global networks 'safe and stable' after attack
Shipping line 'working at full stretch to process all the service requests received previously, and the service response is expected...
- Daily Briefing
Aramco's halt of Bab el-Mandeb shipments could hit Bahri ops | OOCL to be led by two chief executives |...
- Petronet proposes $1bn LNG terminal in Bangladesh
The project is likely to be completed within 42 months from the date of approval, Petronet chief says
- Seoul to provide leaseback support for 10 domestic carriers
Daebo International Shipping, Dong-A Tanker and DM Shipping are among the selected sellers
- Contaminated bunker fuel makes its way to Singapore
Singapore is the latest victim of contaminated bunkers following previous reports of adulterated fuel affecting up to 80 ships in...
- OOCL revenue growth slows in second quarter
Average revenue per teu edged down by 0.6%, a reflection of weaker freight rates
|JULY 30, 2018|
- Cosco's pre-cyber attack efforts protected network
- Stuttgart congestion sparks Hapag-Lloyd warning to shippers
- Indian truckers end strike after government deal
- US importers face perilous trans-Pac peak season
- Logistics startup overcomes US cryptocurrency crackdown
|JULY 30, 2018|
- Wintermar narrows loss for first six months
Jakarta-based offshore player sees higher revenue in first half of this year on turnaround in high-tier vessel segment.
- Cyber security among Coast Guard's top troubles
US Coast Guard (USCG) annual report highlights digital threat three days after California port hit by cyber-attack.
- Eidesvik CFO resigns
Thor Krukhaug takes 'leading' post in a finance group, according to a news brief published by the Oslo Bors.
- EU's anti-piracy HQ to move to Spain post Brexit
London to lose EU NAVFOR centres to Spain and France after Britain leaves the bloc next year.
- American Club names new leaders
New York-based American P&I Club creates four new C-level positions to handle growing membership.
- Morgan Stanley selects shipping stocks to skirt trade war
A pair of LNG equities, two tanker owners and a container specialist make the bank's cut.
- Diana capesize bulker in $2.88m deal with Koch
New York-listed bulker owner continues to fix out ships at stronger rates.
- Singapore Shipping boosted by agency and logistics
Drydocking hits shipowning but SGX-listed owner benefits from mounting cash flows
- HNA Group arm ends shipping investment projects
More bad news for staff who have put money into Chinese group.
- Global Ship Lease sees lower profit
New York-listed containership owner brings in less revenue following contract renewals for four vessels.
- Genting Hong Kong cuts half-year loss
Star and Crystal Cruises operator trims expected deficit as core passengership activity improves
- Milaha carries impairment on path to higher profit
Bottom line picks up despite one-off change against some of the company's ships.
- AET scraps two oldest aframax tankers
Demolition deal prices South Korean-built tankers at almost $15m.
- Polar bear shot after attacking cruiseship guard
Injured man airlifted for treatment after suffering head injury.
- Teekay Shuttle Tankers sends veteran for scrap
Company's oldest ship has arrived in Alang for demolition, sources say.
- MOL launches virtual reality ship visit tool
Japanese giant takes another step forward in use of VR technology.
- Transocean Maritime Agencies moves into tanker market
Monaco-based bulker owner has snapped up a medium range product tanker, brokers say
- Hadjiyiannis resumes tanker shopping spree
Cypriot owner's Hellenic Tankers snaps up VLCC Nichioh and product tanker River Eternity
- Capital Product Partners 'in talks' over scrubber retrofits
Discussions with both charterers and manufacturers are developing, says Jerry Kalogiratos.
- Strong LNG ordering boosts GTT net profit
LNG cargo containment system designer also reports stronger growth in royalty revenues.
- Corpus Christi raises funds to aid VLCC crude exports
Proceeds from US port's bond sale to go towards ship channel improvement project.
|JULY 30, 2018|
- Arms export controls earn India license exception
The Bureau of Industry and Security (BIS) has adopted a strategic trade authorization Tier One (STA1) export license exception policy for India, Commerce Secretary Wilbur Ross said during the Indo-Pacific Business Forum at the U.S. Chamber of Commerce in Washington, D.C., on Monday. The United States usually only reserves STA1 license exceptions for countries that are members of the four multilat
- Maritime History Notes: The world's largest schooner
- Costamare profits sink 38 percent in Q2
Costamare Inc. in the second quarter of 2018 saw its net income plummet nearly 38 percent to $14.3 million compared with the same three-month period the previous year, according to the company's most recent financial statements. The Athens-based containership owner and lessor posted earnings per share of $0.06, compared with $0.18 in second quarter 2017, as voyage revenues declined 13.8 percent t
- DB Schenker earnings grow on higher volumes
DB Schenker, the freight forwarding and logistics subsidiary of German rail conglomerate Deutsche Bahn AG, saw its earnings before interest, tax, depreciation and amortization (EBITDA) grow 3 percent to $314 million euros (U.S. $367.9 million) in the first half of 2018, according to the company's most recent financial statements. When adjusted for changes in foreign currency rates, revenues at th
- Spot rates on the rise, but tariff risks remain
Container freight rates showed some positive momentum last week after carriers cut capacity in the major east-west trade lanes, according to two of the primary indices for measuring spot market pricing. The Shanghai Shipping Exchange's composite Shanghai Containerized Freight Index, which aggregates spot rates on 13 different outbound trades from Shanghai, jumped 8.8 percent on a sequential basis
- CEVA announces pricing of notes offering
Global third-party logistics provider CEVA Logistics AG announced Monday that as part of its previously announced refinancing, its subsidiary, CEVA Logistics Finance B.V., has priced a private offering of 300 million euros (U.S. $351.5 million) in aggregate principal amount of senior secured notes due 2025 with a coupon of 5.25 percent per year on Friday. CEVA said the notes will be sold at an is
- COSCO networks 'safe and stable' after cyberattack
China's state-run COSCO Shipping Lines said Monday its network applications in the Americas have been completely recovered after the company's operations had been hit by a cyberattack last week. "All communication channels, including telephone, email and electronic data exchange, have been restored," COSCO said. The cyberattack had resulted in network failures in the United States, Canada, Panama
- Turkon joins INTTRA carrier network
INTTRA, the ocean shipping information portal, said Turkon Line has joined its network. "We are pleased to welcome Turkon to our growing network, connecting over 30,000 shipping companies to more than 60 carriers," said Inna Kuznetsova, president and COO of INTTRA. "We look forward to growing our partnership in e-commerce with Turkon, enabling a higher level of customer service and cost reducti
- Gilman to be nominated Commerce CFO
President Trump on Friday announced his intention to nominate Thomas F. Gilman to assistant secretary and chief financial officer of the Commerce Department. The role is currently being filled by Lisa Casias, deputy assistant
|JULY 30, 2018|
- Trump says he's willing to meet with Iran's Rouhani, as oil sanctions loom
US sanctions in Iran expected to remove up to 1 million b/d of global oil supply
- Analysts look for further tightening in US crude inventories
- Novorossiisk braces for strong winds, bunkering operations continue for now
- NWE M100 prices rise on strong fuel oil blending needs: sources
Backwardated HSFO market currently lacks supply, leading to straight-run demand.
- Fuel oil has an unexpected and timely renaissance
Market strength due to lack of supply, but will likely be short-lived due to impending regulations.
- Unladen Saudi VLCC crosses Bab el-Mandeb despite temporary halt
- France's GTT H1 2018 marked by uptick in vessel orders
It received 18 LNG carrier orders.
- Singapore 380 CST HSFO swap spreads jump to fresh year-to-date highs on low stocks
Traders said the draw of Singapore's fuel oil stock was bigger than expected.
- FUEL FOR THOUGHT: When oil prices rise so does interest on Capitol Hill
But US lawmakers say they are not to blame for bullish oil prices.