Cows might fly: Jones Act is hurting US shipping But sadly, legislation looks set to stay on the books
VLCC earnings rise above $30,000 per day with further upside expected Aframax earnings also more than double for winter demand in broad market gains
Moderate rise in steel demand in 2018 could support bulker demand Growth is seen in countries other than China, says World Steel Association
Kuehne+Nagel maintain growth momentum Seafreight makes notable contribution to freight forwarders' bottom line in the first three quarters of 2017
Container carriers see reversal of bunker costs and terminal fees Port bills rise to over 40% of operational costs while fuel tumbles to just over 10%, says SeaIntel
Vehicle carrier fleet to rebound With a healthy orderbook and limited scrapping expected through to 2020, the car carrier fleet will only expand, says Dynamar
BW Group computers hit by cyber attack in July The company has worked with external consultants to fortify cybersecurity infrastructure
Daily Briefing Liquid lunch could be best way to handle $1m arbitration claims, top lawyers warn
CIMC expects to be back in the black with container shipping's recovery Group's road transportation vehicle business adds to revenue as China's anti-overloading policy increases demand for trucks
Handysize index climbs to over three-year high Chinese coal demand to support freight rates in the final quarter
Ocean Rig adds $20m to contract backlog with two deals Statoil contract to start in the first quarter of 2018
Qingdao Port International looks to raise $1.3bn from Shanghai IPO Group's share price in Hong Kong hit a 12-month high on the news
Unions and maritime university call on US lawmakers to keep Jones Act intact Repealing the act would mean US vessels or crews may not be available in times of national crisis, says AFL-CIO
HMM to raise $620m through new share offering Proceeds to be used to acquire new containers and terminals - and possibly new vessels
Moody's raises CMA CGM outlook to positive from stable Shipping line has capitalised quickly on the recovering container market
Antigua and Barbuda starts maritime single window project Project on notifications for vessel port calls facilitated by the International Maritime Organization's technical co-operation programme
Japan's shipbuilders in the clear over Kobe Steel scandal, says government Some 'problematic' materials had been used to produce turbocharger impellers for engines, but no safety issues were found
GAO: Federal agencies chasing their tails in SE Asia wildlife trade enforcement Various federal agencies tasked with assisting law enforcement activities in Southeast Asia against the illicit trade of wildlife products ...
Increased volumes, wildfires hampering USWC intermodal operations Slowdowns in intermodal rail service on the U.S. West Coast are affecting Maersk Line's inland transport operations, according to a North A...
California releases draft plan for new statewide rail network The California Dept. of Transportation has released the public draft of the California State Rail Plan document, which sets the stage for w...
Port of Felixstowe gets green light for rail enhancements Port of Felixstowe's rail connections will undergo the latest installment of enhancements, having been approved by the Secretary of State f...
Demand for warehousing, retail space rises as vacancies fall in Houston Hurricane Harvey has led to a bump in Houston's retail and industrial property demand, resulting in decreasing vacancies, according to a ne...
Kuehne + Nagel ups profits, revenues in Q3 2017 Kuehne + Nagel recorded earnings of CHF 184 million for the third quarter of 2017 and CHF 540 million for the first nine months of the year....
DHL, QSL to work with fast-food chain KFC in foodservice logistics DHL has partnered with foodservice logistics provider QSL to manage the supply and distribution of food products for fast-food chain KFC, t...
Judge denies class action status for antitrust lawsuit against U.S. Class Is U.S. District Court Judge Paul Friedman on Oct. 10 issued an order denying class action status for a decade-old antitrust lawsuit in which ...
BHP seeks permits to build mineral export facility at Port of Grays Harbor Global resource company BHP has submitted local, state and federal permit applications, along with comprehensive supporting environmental s...
KAZAKHSTAN DATA: 1.721 mil b/d Sep oil output fails to meet cut pledge Kazakhstan's crude and condensate output averaged at around 1.721 million b/d in September, rising 54,000 b/d from August and failing to met production target the country committed to reach under the OPEC/non-OPEC production cut deal, according to data from the Kazakh Statistics Committee published Monday.
Louisiana oil rig explosion not expected to impact regional crude prices An oil rig explosion in Lake Pontchartrain near Kenner, Louisiana, Sunday evening is not expected to impact regional crude prices, according to an industry source familiar with the US Gulf Coast market.
ANALYSIS: Saudi Aramco IPO shift may have market questioning future of OPEC cuts Saudi Arabia's ongoing commitment to OPEC production cuts -- aimed at boosting prices -- has been cast into question by reports that the world's largest exporter of crude may be considering an alternative strategy to listing its state-producer Aramco on international markets.
Iraqi forces capture northern oil headquarters from Kurds: reports The Iraqi army captured the headquarters of state-owned North Oil Co. from Kurdish Peshmerga forces Monday and are advancing on the disputed oil-rich city of Kirkuk, according to local media reports.
ANALYSIS: Less output in Gulf of Mexico behind likely crude draw Production disruptions in the US Gulf of Mexico because of Tropical Storm Nate likely kept alive a streak of US crude stock declines that have helped keep a floor under NYMEX crude prices.
Crude rise as Iraqi army retakes area from Kurdish forces Crude futures strengthened Monday after Iraqi forces captured oil fields from the Kurdistan Regional Government in northern Iraq, raising the possibility of conflict and reduced export flows.
INTERVIEW: Congressman says Jones Act waiver unjustified, changes impractical The Trump administration had no justification for issuing a 10-day Jones Act waiver late last month, but new restrictions on future waivers may be impractical, a leading Congressional supporter of the 100-year-old maritime law told the Platts Capitol Crude podcast.
France's CGT to start process for strike at refineries Oct 23 The Federation of the oil industry at French CGT labor union said Monday it will start the process for a strike at refineries from October 23 which could eventually become indefinite.
External: Wired Bunkering
BW Group's computer systems hacked; steps up cyber security KPMG carries out forensic cyber audit of BW Group.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
