|OCTOBER 15, 2019|
- US shelves next tariff hike against China after latest trade talks in Washington
- US-China trade war 'wreaks havoc' on US exporters: LA port executive
- COSCO tankers go dark following imposition of US sanctions
- Box ship charter rate boom peters out: Alphaliner
- Ulsan bans hazardous cargoes at its terminals after tanker fire
- Port dues remain unchanged in 2020 to bolster Hamburg's position as a logistics hub
- Modal shift from road to rail freight to be driven by sustainability goals
- Aviation experts slam FAA for approving the redesign of Boeing's 737 MAX
- African airlines' August demand is up 8pc, but falls in N America, Europe, AsiaPac
- Forwarders foresee a slower peak season for air freight markets
|OCTOBER 14, 2019|
- "K" Line in joint research & analysis agreement using AI
- APL unveils six new Latin America services
- Bunker adjustment factor indexing mechanism for shippers published
- CMA CGM to launch Guinea Gulf Express service
- MOL-operated/managed vessels earn commendations from Japan Coast Guard
- Yang Ming to launch China-Vietnam-Cambodiaservice
- CEVA Logistics inaugurates The Chill Hub cold chain solution
- Dharmendra Pradhan calls for inclusion of petroleum products under GST regime; says India expected to garner estimated investment of $58 bn in E&P sector by 2023
- India, China to set up new mechanism for issues relating to trade & investment
- India's GDP growth rate projected at 6 pc in 2019-20 but expected to recover to 6.9 pc in FY21, says World Bank
- MoU signed to link FASTag with GST e-way bill system
- RCEP Trade Ministers' talks in Bangkok remain inconclusive
- Recommendations made to guide the future of international trade
- TOTAL joins Adani to create India's premier integrated gas utility
- Trade costs of non-tariff measures now more than double that of tariffs, says report
|OCTOBER 15, 2019|
- Banking on India
- Italy to expand its rail-road hub Quadrante Europa
- Non-tariff measures affect trade in APAC
- More fashion labels move into e-commerce hub
- Introducing more Asia - Europe routes
- Gustav Seeland wins award
- Temperature-controlled ULD specialist expands in Asia
- Record-breaking warehouse in Poland
- Network launches advertising initiative in France
- Columbia Shipmanagement celebrates 40 years
- NAM enhances links between Liege and Africa
- China pushing the LNG market, says VV
- Turkish Cargo adds fleet and Basel service
- Ceva Logistics inaugurates chill hub
- Climate change: action plan to protect infrastructures
- "Curiosity of the Day"
- Maiden call in Emden
- Chartersync expands team with two new appointments
|OCTOBER 14, 2019|
- New owners take control at Vigor and MHI
The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management have closed on their acquisition of shipyard group Vigor Industrial LLC and MHI Holdings LLC and have appointed Jim Marcotuli
- Iran releases imagery of damage to tanker in suspected missile attack
Iranian state controlled media have released new pictures of the damage sustained by the 16,000 dwt National Iranian Tanker Company vessel Sabiti, which was reportedly hit by two separate explosions about 60
- Wärtsilä and Norsepower in service cooperation agreement
Wärtsilä and Finnish rotor sail specialist Norsepower have signed a service cooperation agreement. This will enable Norsepower to order service work from Wärtsilä, while Wärtsilä can pursue and sell Norsepower rotor sail
- Laura Martin appointed to Executive Board of Greater New Orleans Port Safety Council
Laura Tabor Martin, Director of Sales and Business Development at Conley Marine Services, Harvey, La., has been appointed to the Executive Board of the Greater New Orleans Port Safety Council (GNOPSC) in
|OCTOBER 14, 2019|
- Tanker rates hit fresh 15-year high
Rates surged after US sanctions imposed on September 25 on two tanker subsidiaries owned by China's state-owned Cosco for shipping...
- Climate concern will end shipping 'as you know it', warns Citi banker
The climate change agenda is making such quick inroads into shipping that some shipping companies may think their best option...
- Change is exciting or terrifying - you decide
So much has changed in the global economy over the past 20 years that shipping would be foolish to believe...
- Iranian oil tanker freed by Gibraltar offloads cargo in Syrian waters
Seized by Royal British Marines in the waters off Gibraltar, the vessel Adrian Darya 1 has been closely watched to...
- From the News Desk: Tankers on fire and the future in flux
With the energy markets in flux and so many macro-economic unknowns colouring daily decisions there is an overwhelming need to...
- Pacific Basin warns of 'tight market conditions'
Despite the ongoing volatility, the Hong Kong-based company says momentum has returned to the dry bulk market
- Not all UK-bound ro-ro freight is Brexit compliant
A spokesman for Dutch trade body for road transport companies and logistics service providers Transport en Logistiek Nederlandsays some hauliers...
- Bourbon Rhode missing crew search continues
Bourbon Offshore says SAR operations move to 'adapted monitoring' as seven seafarers from the hurricane-stricken tug are still missing
- Carriers 'waste opportunity' to raise Asia-Europe rates
Average spot rates on the Asia-Northern Europe trade are down 18% on the past year, despite a near 6% increase...
- Iranian tanker continues to spill oil after Red Sea 'attack'
Although the precise details of the incident that occured on the Iranian vessel are unknown, radar images appear, on the...
- Total expands Adani venture to supply LNG in India
Total and Adani will also establish a joint venture to market LNG in India and Bangladesh
- Daily Briefing
Free to read: VLCC spot charter breaks key level on market disruption | Supply tightness prompts upgrade on forecast LNG...
- Cosco Shipping Holdings issues $212m in short-term bonds
As of end-July, the company's total current liabilities amounted to Yuan79.2bn, including Yuan24.6bn short-term borrowings, whereas its cash and cash...
- Petronas completes third LNG break-bulk STS
Demand for smaller LNG parcels has been driven by discharge port constraints in China and changing requirements from other Asian...
- Dirty market rates lure LR2 owners
Asian dirty aframax rates have also surged recently, tempting LR owners to switch to dirty cargoes
- Santos wrests control over Darwin LNG in $1.3bn deal
The deal marks ConocoPhillips' exit from northwestern Australia but allows Santos to take over the driver's seat as the new...
- US allegations threaten ship recognition deal
Beijing-based SenseTime announced its agreement with MOL two days after being added to the US Entity List, banning it from...
- South Korean group eyes bid to operate Qatar LNG carriers
Qatar Petroleum is expected to put up shipping contracts for at least 40 LNG carriers by the end of the...
- Capsized car carrier to be removed from port of Brunswick
The US Coast Guard is carrying out an investigation of the capsizing, but says it could be weeks or months...
|OCTOBER 14, 2019|
- Trans-Pacific carriers blank dozens of sailings as peak ebbs
- Monterrey inland port bucks slowing auto production
- Cosco's Bangladesh agent has license restored
- US-China still far from comprehensive trade deal: speaker
- Asia-Europe rate hits new low despite capacity cuts
- DP World joins Indian logistics tech startup race
|OCTOBER 14, 2019|
- 'Madness' persists as Dynacom ties up tanker fixtures at scorching rates
While spot trading has turned quiet on some main routes, Greek owner fixes a VLCC at WS330 and a suezmax at WS550 on the Middle East-India route
- Wirana pays $700,000 fine for 'illegal' demo deal
Heavy fine for cash buyer from local police for breaking Norwegian pollution laws
- ENRA enters tanker sector with Maersk Tankers purchase
Malaysian FSO owner seeks to expand oil and gas operations
- 2020 Bulkers strikes Glencore newbuild charter deal
Tor Olav Troim company signs up Chinese-built bulker with trader for up to 13 months
- Struggling Uljanik yard group to be delisted in Croatia
Zagreb bourse says it is responding to request from shipbuilder's bankruptcy trustee.
- EU removes Marshall Islands from tax blacklist
However, officials will continue to monitor major shipping registry
- Tysers smells something 'fishy' about P&I clubs
Broker makes sometimes unflattering comparisons between sea creatures and P&I clubs
- Two workers killed by gas at Bangladesh breakers
Men died at OWW yard in Sitakunda over the weekend
- First photos emerge of Sabiti 'missile' damage
Iranian shots show two holes in hull of suezmax near waterline
- Age restrictions on tankers kill innovation and threaten environmental progress
Focus on quality, not build year, is the best way to ensure investment in the future
- Clarksons index logs biggest ever jump after rate boom
Tanker turmoil sees ClarkSea benchmark soar 55% as VLCCs spike
- Tanker owners could bank billions in 'blockbuster' market
Windfall from record rates could end up with shareholders through dividends, says analyst Amit Mehrotra in bullish market overview
- Cargoship goes aground after missing turn
French authorities working on salvage of Rhodanus off Corsica
- Dan Gold becomes second-biggest Okeanis investor in $4m deal
Director and QVT Financial boss reaches 6.34% of Alafouzos tanker company
- Iran: 'cowardly' attack will not go unanswered
Spokesman says country is gathering evidence before responding to Sabiti incident
- China agrees to double purchases of US agricultural products
But hopes that sanctions against Cosco tanker subsidiaries might be lifted, fail to materialise
- South Korean owners team up to seal slice of giant Qatar LNG deal
Five owners hoping to win operating contracts for expected 80 gas carrier newbuildings
- Castor settles dividend obligation with preferred shareholders
Agreement clears way for Petros Panagiotidis-led bulker owner to start paying dividends
|OCTOBER 14, 2019|
- EXCLUSIVE: Ocean carriers miss out on US$110 with each box shipped
Maritime carriers are leaving up to US$110 on the table every time they carry a box, according to research from startup MizzenIT. And that means...
- Latest U.S.-China tariff deal does not address 'structural issues'
The announcement by President Donald Trump not to increase tariffs on $250 billion in Chinese imports to the U.S. and boost U.S. agriculture exports did...
- Logistics Managers' Index supportive of truck capacity correction, disappoints on inventory build ahead of peak
The Logistics Managers' Index (LMI) remained level in September. Trends in the capacity index were in-line with truckload capacity coming out of the market. However,...
- Dave Fisher of Gates Corporation sees the value of data in unifying shippers and carriers
Fisher is excited to see advancements in technology increase supply chain visibility and value creation.
- Plains snowstorm breaks records, kills crops
"I'm expecting massive crop losses - as devastating as we've ever seen...A lot of the standing stuff is flattened to the ground."
- Jury slaps Werner Enterprises with $40.5 million 'nuclear verdict' in fatal crash
A New Mexico jury awarded the family of a woman killed in a February 2017 crash involving a student driver for Werner Enterprises Inc. around...
- UPS enters the self-storage market with a different twist
UPS enters the US self-storage market with a new twist
- Commentary: The tides of unionization and container port automation
Market Voice Darren Prokop writes about automation at ports and the progress - and disruption - that will bring.
- IAG backs net zero carbon emissions by 2050
British Airways parent commits to ambitious emissions reduction goal
- ITC ready to receive import duty reduction, suspension petitions
Petitions must be filed to the U.S. International Trade Commission by no later than Dec. 10 to be considered for inclusion in the next miscellaneous...
- Freight Futures daily curve: 10/14
Trucking Freight Futures in and out of Los Angeles on Friday strengthen on US-China optimism.
- Cass says data continues to point toward economic contraction
Freight shipments and expenditures declined on a year-over-year basis again in September according to the latest Cass Freight Index Report. The firm now believes that...
- Uber expands its reach into grocery delivery and Latin America
The amount paid by Uber for majority ownership of Cornership has not been disclosed.
- Today's pickup: Saudi Arabia looks to become a more than one trick pony; China logistics activity rebounds
Saudi Arabia eyes multi-billion dollar logistics project; a pot warehouse in ruin; China logistics activity rebounds
- Customs brokers outline burdens of importer verification rule
NCBFAA generally supports Customs and Border Protection's goal to protect against illicit importers but said the agency's proposed importer verification rule has "grossly miscalculated the...
- Goldman Sachs cuts 2020 transports earnings estimates on industrial weakness
Now Goldman thinks that ISM data won't turn positive until Q2 2020.
- Flood threat increasing across the South
Torrential downpours, several inches of rainfall may flood areas from Texas to the Carolinas next few days.
- Logistics firm expands cross dock and drayage facilities near Houston Ship Channel (with video)
American Cross-Dock & Storage recently announced it was doubling its warehouse space near the Port of Houston, one of the fastest growing U.S. container ports. ...
- Lion Air to launch long delayed IPO
Carrier also offers integrated parcel service
- Box line 'predatory pricing' undermining rates
Asia-Europe demand has been strong for much of the year, but spot rates have tumbled as some lines have cut rates. With demand weakening, carriers...
- U.S. air cargo trade: decline leaves big shoes to fill
Big air trade drops with major trading partners leaves industry looking for backfill
- Migrating from on-premise OTM to the cloud for a more positive bottom line
More companies are making the shift from on-premise Oracle Transportation Management (OTM) to a cloud-based OTM, because it helps reduce IT infrastructure and support costs.
|OCTOBER 14, 2019|
- Saudi Arabia puts its domestic stock exchange at the center of its Aramco IPO
- Venezuelan oil output could be halved without Chevron waiver extension: analysts
Venezuelan oil production, already averaging near a historic-low 600,000 b/d, could quickly plummet below 300,000 b/d if the Trump administration allows a waiver for Chevron and four US oil services companies to expire next week, analysts told S&P Global Platts.
- Crude settles lower on skepticism over US-China deal
Crude futures settled lower Monday on skepticism surrounding the partial agreement reached in the US-China trade dispute.
- West African crude differentials plunge on rising freight costs
Differentials across the West African complex have fallen dramatically over the last week as tanker freight rates -- which were already at over 10-year highs -- more than doubled Friday.
- VLSFO marine fuel inquiries rise, primarily in Med, as IMO 2020 draws closer
There has been increased buying activity for very low sulfur fuel oil ahead of the incoming IMO 2020 global sulfur limit rule change for marine fuels, albeit with varying degrees of uptake and with the largest increases in the Mediterranean, according to bunker market sources.
- SINGAPORE DATA: Sep bunker fuel sales fall 5% on year to 3.90 mil mt
"People are increasingly taking more low sulfur bunker volumes and the market is generally expecting more demand," a trader said.
- Singapore delivered versus ex-wharf 380 CST bunker spread widens to record high
"There is still demand for delivered [380 CST bunkers] even as more people are transitioning towards a 0.5% [marine fuel] market," a trader said.