'MSC continues to invest in the latest reefer technologies to ensure we offer our customers the optimal transport conditions for their perishable cargo'
Bahri clarifies misinformation about one of its vessel's voyage to Venezuela for loading
In a first, Maersk Line to move boxes on the Ganga from Varanasi to Kolkata today
IRClass strengthens footprint in India with two new offices in Paradip & Guwahati
Matrix Freight Systems opens office in Gujarat to expand operations & reach
Transitional Simplified Procedures should be for all involved in visible international trade movements, including freight forwarders, says UK association
Chabahar Day on the anvil at the port
DP World handles 71.4 m TEUs globally in 2018
KoPT in plans for 40 pc capacity increase
Smart Industrial Port Cities coming up at Paradip Port & Deendayal Port
Trailer strike at Cochin Port called off; 30 containers transported via coastal mode
What's in the emissions data? How will shipowners' customers interpret emissions data revealed in the EU's MRV?
Arklow 'had no contract' with Seaborne Freight A source aware of the situation confirmed that while Seaborne had held lengthy discussions with Arklow last year, with a...
CMA CGM is given the green light for CEVA bid The European Commission last week approved the acquisition of CEVA by CMA CGM under the European Merger Regulation
Sanctioned Venezuelan crude starts flowing into US Lloyd's List has tracked at least $319m worth of Venezuelan crude cargoes currently heading to US-Gulf on five tankers, intensifying...
Ferry ports offered cheap loans for no-deal Brexit upgrades As the UK government struggles to defend the collapse of its £13.8m post-Brexit contingency contract with Seaborne Freight, it has...
Piraeus and Venice to step up co-operation in 'Silk Road' strategy Move by Greek and Italian ports to improve performance and connectivity follows the introduction of new Cosco Shipping feeder service
SEC filing fuels speculation over Seaspan ownership Dennis and Kyle Washington have brought a new business model to the container shipping industry through Seaspan, which has focused...
Container lines warned of changing nature of Chinese economy As manufacturing moves toward Southeast Asia and China becomes a consumer nation, box lines need to reconsider some long-held beliefs...
Low-sulphur fuel rises may cause container line failures Smaller regional carriers are particularly at risk from higher costs imposed by low-sulphur regulations
Boskalis to exit American joint venture in $201m sale Ports and tug services provider SAAM is buying up its partners stake to grow its tug fleet to 153 vessels
Daily Briefing EU rejects anonymity for ship emissions data | Marine insurers' future in doubt unless owners foot rate rise | Lloyd's List Podcast:...
Johor Strait collision revives old disagreement between Singapore and Malaysia The narrow stretch of water between the two countries has been the source of dispute for many years
Welcome to the 'new' seasonality of the BDI Hashim forecasts healthy supply-demand fundamentals in the dry bulk shipping market but warns that the recovery could be characterised by...
Allianz Marine is 'potential consolidator' in Asia OSV sector Pacific Radiance announced a joint venture with Allianz Marine in January but stopped short of naming the latter as the investor behind...
World's largest LNG bunker vessel takes a bow in Hamburg Nearly 200 invitees crowded onto the harbour boat Koi on a cold and blustery grey day in Hamburg, Germany, to witness another slew of LNG bunkering firsts. They had come to see the naming of the world's largest - for this year at least - LNG bunker vessel (LNGBV). The ice-class 1A, 7,500-cbm Kairos (built 2018), which is owned by Babcock Schulte Energy, was making its debut in the German port cit
Evergreen's US arm sues Colombian agent Evergreen's US arm is suing to force a Colombian company into arbitration, alleging their negligence cost them more than $4m. Court limits Evergreen's suezmax smash bill to $9.5m US customs agent sentenced for failing to inspect ships In the lawsuit filed last week in New Jersey federal court, the Taiwan liner operator says Global Shipping Agencies, Evergreen's agent in Colombia since 2003, has
Blue Fin sues after fuel delivery goes wrong Blue Fin has filed suit against German bunkerer Bomin alleging they sold bad fuel, running up a $1m-plus bill for the shipowner. In a lawsuit filed in Connecticut federal court, the Heidmar-controlled tanker pool says the 164,626-dwt Ridgebury Alina L (built 2001) stopped to get fuel in Port Louis, Mauritius, en route to Singapore from the Bahamas last July. Lawyers allege that Bomin filled the
BlackRock reveals stake in Norwegian Cruise Line New York investment manager takes ownership in Frank del Rio-led cruise major to 6.4%, according to a regulatory filing.
Banker tells why new M&A deals could get 'scrubbed' Citigroup's Christa Volpicelli seems to have found a new reason why shipowners might not want to combine their companies for the greater good
Australian coking coal build-ups prolong capesize rout Baltic Dry Index falls below 600 points despite uptick in smaller segments.
NYK Line sends converted VLOC for scrap in India A VLCC-turned-ore carrier is the first bulker reported sold to Indian interests in almost a year.
Zim nets strong price from containership scrap deal Container line Zim has secured a stand-out price for the demolition of one of its vessels. NGO Shipbreaking Platform highlights beaching death toll The Israeli carrier has sold the 4,800-teu Zim Virginia (built 2002) for disposal in Bangladesh, brokers report. A figure of $466 per ldt is being placed in the ship, which cash buyer GMS called an impressive number. It explains the price was aided
Eurotunnel sues UK over Brexit ferry deals Channel Tunnel Group and France-Manche are suing the UK government over contracts awarded to ferry firms in the event of a no-deal Brexit. The two, which operate Eurotunnel, have accused the UK of a "secretive and flawed procurement exercise" that aimed to secure routes outside of the busy Dover-Calais corridor, the companies' lawyer Daniel Beard said in court on Monday, according to Bloomberg.
Brodosplit: expenses must be "drastically" cut at Uljanik The new strategic partner of troubled Croatian shipbuilder Uljanik Group has warned that costs must be slashed to make the company viable. Brodosplit and Fincantieri win race for Uljanik The chairman of compatriot shipyard Brodosplit told the Hina news agency that a collapse of the group would mean the end of shipbuilding in the country. Tomislav Debeljak added it was important to ensure a fina
Great Eastern prospers as tanker rates rise India's Great Eastern Shipping has made the most of rising markets to post a bigger profit in its third quarter. The company said it made INR 2.98bn ($41.92m) net to 31 December, against INR 980m in the same period of 2017. Revenue rose to INR 10.44bn from INR 8.36bn year-on-year. Crude carrier daily earnings increased to $21,053 from $16,811 in 2017, while the figure for bulkers was $14,551 ag
Tanker stocks hardest hit as trade war fears resurface Concerns of a renewed trade war added to the pressure on shipping stocks in the past week, according to Seaport Global. US government shutdown has delayed Diamond S Shipping merger and listing Product and crude tanker shares were hardest hit amid fears negotiations between the US and China have stumbled, according to analyst Magnus Fyhr. Scorpio Tankers led the decline with a 15.6% drop, contin
Precious profit jumps as arbitration continues over bulkers Thailand's Precious Shipping has posted a return to profit for 2018 as it continues with arbitration over nine cancelled bulkers. The company said net earnings were THB 456.2m ($14.53m) to 31 December, against a loss THB 129.48m in 2017. Revenue from its 36 ships was THB 4.97bn, from THB 4.39bn, as average earnings rose from $9,486 per day in 2017 to $11,063 last year. Reduced scrapping delayin
Cross River Capital cuts stake in Ardmore Shipping Cross River Capital has sold a slice of its holding in product tanker owner Ardmore Shipping. Ardmore Shipping hints at sale of chemical tankers Dimensional Fund Advisors bets on tankers amid moves on nine shipping stocks The small and mid-cap investment specialist has reported a smaller stake of 1,351,840 Ardmore shares. At this level Cross River controls a 4.1% piece in Ardmore, down from th
Court orders $0.65m payment for Farley Mowat pollution The Federal Court of Canada has ordered the owner of a ship that sank in 2015 to pay CAD $0.86m ($0.65m) for clean-up costs. Greek bulker cleared of fuel spill as yard defects blamed The money from Tracey Donald Dodds for the incident involving the 200-dwt Farley Mowat (built 1958) will go to the Ship-Source Oil Pollution Fund (SOPF) for damages and interest. The statement of claim filed by SOP
JES International Holdings placed under judicial management JES International Holdings was placed under judicial management in Singapore on Monday. JES eyes takeover by blockchain company PLMP The Chinese shipyard group is awaiting a court hearing for its judicial management application, chief executive Jin Yu said in a filing to the Singapore Exchange. JES' board has proposed the appointment of Yit Chee Wah of FTI Consulting (Singapore) as judicial man
Baltic makes emergency change to ex-Venezuela benchmark The Caribbean-US Gulf route's TCE rate has been suspended and the load port has been moved to Colombia
d'Amico International Shipping eyes share issue d'Amico International Shipping is looking to strengthen its balance sheet with a second equity raise in as many years. d'Amico International Shipping breaks new ground in Japan with LR1 deal The Milan-listed company is planning a $60m share issue with the support of its major investor, the d'Amico family. It told investors the new stock would be printed to reduce its financial leverage and impr
IMO under pressure to end 2020 regulations uncertainty Mountain of work on technical issues must be concluded next week to ensure implementation goes smoothly
IUMI raises concerns over safety from delays of IMO 2020 The International Union of Marine Insurance has expressed concern over the slow rate of progress at the IMO in addressing safety issues related to the new global sulphur regulation. Helle Hammer, head of the policy forum at the IUMI, said the IMO has agreed to look at the issue through the Maritime Safety Committee (MSC). But the target date to finalise the work is more than a year after the regu
Boxship held over Sudan trade set for auction sale in Greece Lumar's feedership Mekong Spirit scheduled to be sold at an electronic auction on 13 March
Dimitrios Kritsas liable for HSBC loan default on bulker pair UK court rejects owner's Greek law defence in $9m tangled tale involving sales to NewLead and tax bills from the "Lagarde list".
Venezuela looks to India after $20bn hit from US sanctions US sanctions against Venezuela have resulted in a $20bn loss for the Latin American county's economy, its oil minister said today as he sought to establish greater trade with India. Manuel Quevedo, who is also head of PDVSA, told reporters he had met with his Indian counterpart during an industry event on Monday. PDVSA trade troubles depress Caribbean crude tanker rates "We have a good relation
WFW expands with CMF Leasing lawyer in Hong Kong Law firm Watson Farley & Williams (WFW) has brought in a China Merchants Commerce Financial Leasing (CMF Leasing) lawyer to expand its operation in Hong Kong. Guan Jian has joined as a partner on Monday, it said. HFW poaches Ince deputy admiralty chief Fenwick He was previously the senior in-house legal counsel at CMF Leasing in Shenzhen, China, having started at Chinese maritime law firm Wang
Boxes and dry bulk could be trade war casualties in 2019 Clarksons says new tariffs could reverse the container trade's slight upturn and worsen the picture for dry bulk
Scrubber maker Pacific Green appoints new COO US scrubber maker Pacific Green Technologies (PGT) has a new chief operating officer (COO). Iain Lees has been tasked with meeting growth targets in 2019 and beyond. He will be joining PGT from HannawayCA Corporate Finance Limited (HCACF), where he is managing director. The 54-year-old is married with two children. Pacific Green CEO Neil Carmichael said: "We are proud to welcome a senior execu
Sea Swift's 19-ship fleet 'up for sale' Australia's biggest private shipping company is reportedly up for sale. Macquarie Capital has been brought in to find a buyer for Sea Swift, which is owned by CHAMP Ventures and Toll Holdings, the Financial Review said. The shareholders want more than AUD 300m ($212.58m) for the business, it was claimed. It is listed with a fleet of 19 vessels, including ro-ros, general cargoships, tugs, an MPP
Royal Boskalis set for $201m SAAM SMIT sale Royal Boskalis Westminster is selling its stake in SAAM SMIT Towage in a deal valuing the company at over $500m. "From this perspective the market likes the disposal of the JV entity active in South America and Canada, the indicative price is also seen as attractive" Tijs Hollestelle of ING Financial Markets The decision by Boskalis to sell its shareholding in the venture comes almost
New V.Ships Germany boss sees role transforming top management company Nils Aden outlines ambitious roadmap to reshape business and turn Hamburg into a centre of excellence for containerships
Vale reveals problems at Tuburao terminal A wastewater treatment plant at Vale's iron ore complex in Tubarao, Brazil, has been partially shut down. This was affecting input and coal port services and four of eight pelletising plants there, the company said, according to the Platts news agency. Dry bulk problems run deeper than Vale dam disaster Tubarao's iron ore pellet production capacity exceeds 36.2m tonnes per year. Pelletising pl
Erdogan: Turkish shipping "blows cobwebs away" Turkish president Recep Tayyip Erdogan has praised a renaissance in the country's shipping industry. Speaking at the launch of a new government training ship, Ufuk, in Tuzla on Saturday, he said: "The Turkish shipping industry has blown the cobwebs away and blossomed again over the last 16 years," according to the Anadolu Agency. Crew held after 'insulting Erdogan' "In today's world, where prev
Greek bulker in collision with Malaysian Marine ship A Greek bulker has been involved in a collision with a Malaysian government vessel off Singapore. The incident happened on Saturday off Tuas, the Maritime and Port Authority of Singapore said. The 77,000-dwt bulker Pireas (built 2006) was en route from Singapore to its next port of call at Tanjung Pelepas when the collision took place with the Malaysian Marine Department ship Polaris. A
Bahri dismisses talk of Venezuelan sanction busting Shipowner says VLCC cargo was contracted "well before the US sanctions were imposed".
Hunt for sunken VLOC Stellar Daisy gets underway Ocean Infinity says Seabed Constructor has sailed for wreck zone with arrival due later this month.
UK government cancels Seaborne Brexit ferry contract Political pressure grows for UK transport minister to quit after ferry chartering fiasco.
Redwood Logistics acquiring Chicago neighbor Strive The two firms will create a multimodal logistics company with more than $1 billion in freight under management.
Commentary: Self-disclose? An exporter's question When a company discovers a possible violation of U.S. export laws, it must carefully consider whether it's necessary to file a voluntary self-disclosure.
European Commission OKs CMA CGM's CEVA acquisition
CBP issues guidance for Section 301 exclusions
Yilport announces 5 percent growth in container handling
Wärtsilä to convert short-sea ship to hybrid battery power
CBP to hold CBMA webinar Thursday
Aircraft mechanics ratify new contract with UPS
Retail imports strong as possible tariff hike looms
Trucking company charged with illegally hauling hazmat
Crude prices slip, USGC Mars/WTI spread spikes to five-year high Oil futures settled lower Monday as a focus on US crude supply growth weighed on prices.
Shipping must look beyond IMO 2020 to decarbonization: ICS The shipping industry must look beyond the imminent changes to fuel standards in order to meet ambitious greenhouse gas emissions targets
Open season expanded on Gray Oak Pipeline to add USGC Kinder Morgan delivery points Open season is underway to add Kinder Morgan delivery points at or near the Houston Ship Channel
S Korea aims to lower crude import tariffs to support local manufacturers The South Korea energy ministry will seek to lower import tariffs on crude oil
IRAQ DATA: Crude production rises in January, above its quota under OPEC cut deal Iraq raised its crude oil production in January from December
Venezuela courts India to strengthen oil ties amid US sanctions Venezuelan oil minister Manuel Quevedo is in New Delhi this week hoping to convince Indian refiners to buy more of its crude
Gibraltar bunkers exceed 9-week high on strong HSFO Bunker fuel at Gibraltar reached its highest point in over nine weeks
External: Praxis Energy Agents DMCC
FUTURES: Crude down on geopolitical tensions, higher US rig count Geopolitical tensions remained in sharp focus at the start of the week.
Saudi shipper Bahri says VLCC en route to Venezuela compliant with US sanctions Bahri said the Abqaiq was contracted on January 9 by a regular customer in India.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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