Zim moves ahead with blockchain after trials Pilot found that blockchain technology can not only replace paper, but also improve current activities which rely on emails, fax...
Guyana gears up for oil economy Short-term boost to aframax market in the Caribbean expected, supplying demand in South America, North America and Southern Europe. Longer-term...
Logistics focus puts brakes on big ship orders Focus on logistics instead of fleet size could ease supply-demand imbalance
What the latest China trade data tells shipping The flipside of this is the that worse China's economic data looks, the stronger Beijing will feel about the need...
Trade war threatens US box terminals after record year US port figures in 2018 were boosted by fontloading ahead of tariffs but a downturn could be looming if further...
Asia-Europe utilisation tightens in final quarter Fourth-quarter volume growth was recorded at 3.4% on the Asia-Europe trade, while capacity fell by 1%, according to MDS Transmodal
South Korea offers sale-and-leaseback package to shipping The year is starting out quite well for South Korean companies with DSME also announcing an order for four VLCC...
Changing lanes: 2019 box trade forecast The three major box trades - the transpacific, transatlantic and Asia-Europe, are all expected to report strong growth rates in...
Daily Briefing Unexpected bunker price moves point to post-2020 volatility | A year on, have Sanchi lessons been learned? | Competition authorities...
DP World acquires Chilean terminals DP World to offer $502m for 100% stake in Chilean terminal concessions which will eventually give it access to five...
Two shortlisted for Lumsden Point cargo development at Port Hedland The new facilities are expected to be operational by 2021 and will increase port capacity for businesses currently operating in...
Future Fuels: Chevron and Occidental invest in CO2 removal technology Chevron and Occidental are throwing their weight behind Carbon Engineering, which captures carbon dioxide to use in fuels
Former Ezra pipelayer in serious collision off Bintan DBS has taken receivership of Star Centurion, the stricken pipelayer, since October 2018, months after Ezra turned insolvent although lawyers...
Lawmakers work to pay US Coast Guard amid government shutdown Tens of thousands of active duty Coast Guard members are working without pay, while thousands of civilian employees are furloughed
Golden Ocean spends extra $2.7m in share buyback The transaction is the sixth tranche of shares repurchased in the $54m buyback plan.
Koch emerges as charterer of first 2020 Bulkers newbuilding Koch Industries has emerged as the mystery charterer of the first of eight newcastlemax bulkers owned by Tor Olav Troim's 2020 Bulkers. 2020 Bulkers eyes listing with fresh loan, key hires and first contract in the bank Fredriksen heads the field on newcastlemax bulker projects Oslo OTC listed 2020 Bulkers revealed a three-year deal for a newbuilding in a comprehensive update on its activities
Kassian reveals latest capesize bulker purchase Pappadakis family company swoops on Mitsui-built vessel
Bulgarian plaintiff claims victory in Libyan tanker row Bulgargeomin declares 28-year battle to recover funds is over
Modern crude tanker prices continue upward momentum Modern crude tanker asset prices continue to climb with the late 2018 momentum carrying over into the new year. Tanker spike keeps S&P at near record levels Clarksons has raised its VLCC, suezmax and aframax resale valuations following similar increases for five-year-old tankers one week ago. It places a VLCC resale today at $95m, up from $94m previously and from $84m at the end of 2017. At th
Zim opening up blockchain transits after trials Israeli container line Zim is opening up its blockchain trades to all clients on selected strings. It said the move was being made after successful trials of electronic bills of lading (eBLs) over the last year. The owner has been running a new platform in tandem with Wave and Spark Logistics. It said blockchain technology can not only replace paper but also improve current activities which rel
Fiori pours cold water on Premuda suezmax sale talk Premuda has denied reports that it has sold its suexmax tanker to a Turkish shipowner. Brokers are reporting the Italian owner to have sold the 60,000-dwt Four Smile (built 2001) to Karadeniz Holding for $11.5m. Fiori eyes growth as he looks to 'make Premuda great again' Premuda chief executive Marco Fiori tells TradeWinds the ship the information is inaccurate, "We are still evaluating wha
Tanker stocks a good spot amid recession talk, says Paddy Rodgers Euronav chief executive advises investors to pick the right market ahead of potential tricky times.
Clean Shipping Alliance brings in Adams as boss Scrubber advocacy body Clean Shipping Alliance (CSA) 2020 has brought in bunker industry veteran Ian Adams as its executive director. The organisation, formed by heavyweight shipowners last year, has also contracted Maritime AMC (MAMCL), a UK-based association management company to provide secretariat services. Adams is the former chief executive of the International Bunker Industry Association
RightShip's GHG rating 'consistently imperfect but it gives a reasonable measure' RightShip operates a greenhouse gas (GHG) emission rating that is increasingly being used in its ship vetting process. But the rating system has drawn criticism from owners, which say it is too crude and relies on very basic parameters that do not accurately reflect a vessel's emissions performance. Chief executive Martin Crawford-Brunt strongly defends the system, saying it is good enough as an
RightShip boss outlines upgrade for Qi risk rating system The industry's most influential ship vetting agency has tweaked its controversial digital model
Sewol ferry survivors awarded $71,000 compensation A South Korean court has awarded compensation to some of the survivors of the Sewol ferry sinking in 2014. The capsizing of the vessel killed more than 300 people off the country's southern coast. Suwon district court ordered the government and the ship's operator Cheonghaejin Marine to pay each of 20 survivors KRW 80m ($71,000). "The survivors experienced considerable difficulty escaping the s
Prospect of mega-boxship order rush recedes Shipping consultancy Drewry believes the boxship sector is looking healthier as owners resist the urge to add more huge vessels to orderbooks. "We believe that the industry's supply-demand balance will benefit from a reduced appetite for ultra large container vessels (ULCVs) among the major carriers, some of which now have their eyes fixed on a bigger prize of becoming global logistics integrator
World Fuel Services sues Hansa for more unpaid fuel bills World Fuel Services has filed a second lawsuit - and arrested a second ship - in an effort to get Hansa Heavy Lift to pay allegedly unpaid fuel bills. Hamburg court calls Dr Morgen to oversee Hansa Heavy Lift insolvency This time, the Florida-based company is seeking $2.5m after delivering the 19,328-dwt HHL Richard Bay (built 2010) fuel 11 times at nine different ports worldwide last year. Acc
Grieg Star and Maas Capital form bulker joint venture Norwegian shipowner and ABN AMRO arm seeking further investment in supramax and ultramax sectors.
Samudera Shipping books small profit on tanker sale Samudera Shipping Line has sold a veteran tanker as part of its efforts to exit the domestic Indonesian market. Samudera told the Singapore Stock Exchange the 3,500-dwt Sinar Labuan (built 1994) was purchased by related party PT Samudera Energi Tangguh. It says the $860,976 sale fits its plan to depart the domestic tanker sector and focus on the international side of its business. Samudera w
RG Hagland adds F3O broking team in Aberdeen Norway's RG Hagland Shipbrokers is adding the Force 3 Offshore (F3O) broking duo Des Hart and Yul Thomson to beef up their Aberdeen OSV services. The brokerage said directors and partners Hart and Thomson have entered into a cooperation agreement. RG Hagland Their Aberdeen company will be renamed Hagland Offshore UK. The duo have a "long and well-reputed track record in the subsea and project
Evergreen taps South American potential with new offices Taiwanese box line Evergreen is eyeing Latin American growth with four new offices. "The move will strengthen the effectiveness of the line's operations, improve its capability to react to market opportunities, optimise the efficiency of its network routing and enhance its competitiveness in the area," it said. It has opened up in Colombia, following the founding of new bases in Peru, Chile and
First Ship Lease and Torm in UK court dispute over LR1 pair First Ship Lease is taking Torm to court to recoup costs it claims to be owed on two ships it bareboat chartered to the Danish shipowner. First Ship Lease lines up LR2 tanker pair at Cosco yard The 109,000-dwt Torm Marie and Torm Margrethe (both built 2006) were part of a seven-year leaseback deal struck in 2011. FSL claims the two tankers were returned in a poor condition when the contract end
ITIC defends broker accused of breach of authority UK insurer International Transport Intermediaries Club (ITIC) has reimbursed a shipbroker accused of a breach of authority in a CoA row. It was representing an unnamed brokerage accused by an owner in a dispute arising from a non-performing contract. ITIC said the broker had negotiated the terms of a CoA between a charterer and the owner, receiving all their instructions from an agent purporting
Polsteam set for yard move with scrubber retrofits in its sights Scrubber retrofit market tempts Polsteam to negotiate Gryfia Shipyard deal
South Africa seizes $51m of cocaine from boxship South African authorities have discovered ZAR 720m ($51m) of cocaine on a boxship in Port Elizabeth. The ANA news agency cited the directorate of priority crime (Hawks) as saying it had seized 70kg of the drug in 1kg bags last week. The haul was believed to have come from Brazil. The ship was not named, but had been the subject of an operation lasting 12 days and also involving Interpol. Hawks
Samskip starting Brexit surcharge as demand jumps Dutch-owned container line Samskip is introducing a pre-Brexit surcharge due to an expected surge in shipments before the presumed UK exit date of 29 March. The pre-Brexit peak volume fee is EUR 243 ($279) per load up to 1 April. This will be applied to anything above the average weekly volumes moved with Samskip in 2018 by each customer. An unspecified free weekly allocation will also be offer
DSME banks $365m order for series of four VLCCs Deal is the second significant VLCC order in under a month and comes with prices rising.
Brokers connect Sinokor Merchant Marine VLCC to Kunlun Shipping Sinokor Merchant Marine has sold one of its older VLCCs to Kunlun Shipping of China, shipbroking sources say. Two-year tanker up-cycle has started Tanker scrapping hits highest level in over 30 years Sinokor has secured a price of around $23.5m for the 292,4000-dwt Pacific Glory (built 2001), multiple brokers report. However, some suggest a lower figure of $22m for the Imabari-built ship. At
Kitsap Transit inks US newbuildings US owner Kitsap Transit has signed up for two new fast ferries at domestic builder Nichols Bros. The 300-passenger ships are costing $23m, US media said. Delivery is set for January 2020.
Chinese shipbuilders eye move for Hanjin yard after filing At least two big Chinese shipbuilders have enquired about a takeover of Hanjin's Philippines yard, which filed for rehabilitation this month. This is according to Philippines trade undersecretary Ceferino Rodolfo, but he has not named the companies, the Nikkei daily said. Shipowners see silver lining in Philippine court filing by HHIC Hanjin yard files for rehabilitation in Philippines The HHI
Gas leak halted from LPG carrier Chinese authorities have stopped a gas leak from a Korean LPG carrier on Monday morning. The Xinhua news agency said the incident began in Shandong province on Saturday morning. The city government of Dongying said the unnamed vessel reported a leak about 25km off the port. Experts were sent to find a solution. The ship is carrying 1,850 tonnes of LPG and has 15 overseas crew on board.
Collision leaves pipelayer lying on its side All crew rescued after Vallianz Offshore's Star Centurion hit by Pertamina tanker.
Eleven Korean owners apply for state-funded sale and leasebacks Government plans increased use of program as part of its liquidity support scheme.
Angelicoussis remains top shipper of US LNG Greek shipowner maintains the lead in exports out of Sabine Pass and Cove Point.
Hundreds of Royal Caribbean passengers fall ill on Oasis ship The 5,400-berth Oasis of the Seas (built 2009) returned to Port Canaveral, Florida, a day early, CNN reports.
Container carrier focus on logistics may blunt ship orders But outlook for 2019 muddled by U.S.-China trade war.
SecurSpace secures spots to store trailers, containers Now the Airbnb-like startup with an online marketplace serving shippers, truckers and logistics companies has secured a partnership with ITS ConGlobal.
Maersk Honam to be rebuilt in South Korea The 15,262-TEU containership was heavily damaged in a March 2018 fire that killed five crewmen.
USTR negotiating objectives for EU include agriculture The objectives, released Friday, largely mirror separate objectives released ahead of Japan and NAFTA talks.
BIS urged to 'narrowly target' emerging tech U.S. technology developers warn the Commerce agency not to take broad, heavy-handed approach to controlling new technologies for national security purposes.
American Shipper webinar will ignite discussions on data
Import bans on archaeological material extended
New York/New Jersey getting all-electric straddle carrier
Crude settles lower on renewed growth concerns The oil complex settled lower Monday amid renewed concerns of slower demand growth.
HSBC slashes 2019 Brent oil forecast by 20% to $64/b HSBC has slashed its 2019 Brent oil price forecast to reflect stronger assumptions on US oil supply.
OPEC eyes mid-March monitoring committee meeting, mid-April full ministerial A key OPEC alliance monitoring committee co-chaired by Saudi Arabia and Russia has proposed meeting to assess progress in rebalancing the oil market.
Singapore Data: 2018 Bunker fuel sales fall 1.6% on year to 49.8 mil mt Total bunker sales volumes in Singapore dipped 1.6% year on year to 49.8 million mt in 2018.
Strong winds suspend West Med bunker operations: port authority Strong winds causing high swells in Malta have led to the suspension of bunker operations.
External: Marine Bunkering(Rotterdam)B.V.
FUTURES: Crude dips 1% on economic growth concerns "Market participants remained cautious about a slew of recent economic data that has raised concerns about a global economic slowdown," a consultant said.
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