Lloyd Fonds appoints Sturtzkopf to management board Former KG powerhouse seeking to reinvent itself as fund manager
Report turns spotlight on 'weak governance' at the IMO Transparency International warns current structure risks upending a successful greenhouse gas reduction strategy
Freight forwarders won't be compensated for Felixstowe disruption Forwarders left to carry the cost of terminal disruption
Five risks to check: Container shipping Oversupply worries persists with large newbuilding tonnage, while high bunker bills erode earnings of carriers
Rate relief for transpacific carriers, but for how long? Transpacific carriers were looking for GRIs of up to $1,000 per feu from July 1
BIMCO Pedersen says questions remain over the IMO's sulphur cap There are many questions and few answers, says BIMCO secretary-general Lars Robert Pedersen
Odfjell to sell Rotterdam tank terminal for $155m Odfjell Group plans to sell the terminal to Dutch company Koole
Gerry Wang condemns 'overly aggressive' IMO deadline IMO officials are 'muddleheaded' and 'without common sense', Mr Wang tells a green shipping conference in Shenzhen
CSSF extends free membership programme Navios signs up to Container Ship Safety Forum
Maritime tribute for Saadé funeral Saadé laid to rest as CMA CGM ships honour company founder
Japan questions Australia's IMO reform push Japan fears technical expertise in the IMO may be undermined
Daily Briefing The dawning of the age of gas? | China to expand ECA to cover all territorial waters | Five risks...
CMA CGM extends emergency bunker surcharges Continuing rise in the price of bunker fuel behind move to extend surcharge to pass on cost to customers
HHI cuts offshore executive roles by a third HHI has only won $78m of new orders for offshore projects and industrial plants from January to May this year...
Roadrunner hits LTL road bump en route to recovery For a time, Roadrunner was the fastest-growing US trucking outfit, as it acquired more than 25 trucking, intermodal, air express, and logistics operators in a spate of acquisitions starting in 2010, pushing revenue to $2.1 billion in 2017.
APM Terminals Pipavav adds Maersk, Cosco, ONE calls Above: The inaugural call APM Terminals Pipavav from the Far East service jointly operated by Cosco and Wan Hai.
Europe 3PLs: Shippers should expect high trucking rates this year A shrinking supply of qualified truck drivers, combined with above-trend European GDP growth, is pushing the continent's truck rates higher, and analysts had words to the wise for shippers for the year ahead. (Above: Trucks travel on a highway in Berlin, Germany.)
Brazil strike exposes inadequate rail network, shipper vulnerabilities Estimates of the strike's cost to shippers, from beef exporters to white goods importers, range from $5 billion to $15 billion.
Look for economies of service, as well as economies of scale Having spent the last decade cutting costs to a degree that often disadvantages customers, container carriers have reached a point where they can't slash costs more; even mergers will yield little if any additional value. Thus, carriers have no choice but to begin looking at ways of escaping the vicious cycle of...
On shippers' transparent fuel charge request, be careful what you wish for The European Shippers' Council (ESC), supported by well-known consultants, is asking ocean carriers for transparent and accurate fuel surcharges, even if a one-size-fits-all solution doesn't exist. A logical argument can be made for that
Seadrill emerges from chapter 11 Oslo-listed drillship company will have $2.1bn in cash as a result of the fiscal reset.
Americana and World Cup steal limelight Triennial show marks first time that event has been held in both the world's largest consumer and producer of gas.
Holland America sells Prinsendam Carnival brand confirms sale of 835-passenger cruiseship to Phoenix Reisen.
ICTSI nodded for larger ships at Guayaquil Contecon de Guayaquil (CGSA) can handle 305-metre ships at the Port of Guayaquil.
Klaveness orders fifth combination carrier Klaveness exercises option at China's Jiangsu New Yangzi Shipbuilding.
Hellenic Tankers places first VLCC into Navig8 system Tanker purchased in May this year adds to Navig8's Greek connection.
Spain's Cobas takes 5% equity stake in Exmar Disclosure of stake in diversified energy-related group is latest move by Spanish asset manager into shipping.
Cocaine found on Enesel boxship Peruvian authorities discover 24kg of drugs hidden under cargo deck.
Diana re-fixes to Cargill at firmer rate New York-listed dry bulk owner sees rate on smaller vessels keep up with gains in capesize market.
Vermont UM's last bunker tankers in sealed bid auction Four-ship fleet of defunct Singaporean bunker tanker operator could bring in $28m.
Portugal introduces new tonnage tax Portugal has signed off on a new tonnage tax scheme geared at building its maritime industry. The plan comes as part of a wider ambition to develop its shipping credentials in areas ranging from labour, to infrastructure and maritime suppliers. Robert Lorenz Meyer, President of the European and International Shipowners Association of Portugal, said: "Portugal is playing an active role to furth
Siem Offshore gets banks on board for debt deal Oslo-listed shipowner says deal will defend against a slow recovery in the market.
Surging US exports write next chapter in LNG growth story Flexible and increased supplies open up potential new opportunities for shipping
Lorenzo Shipping wins $37.4m tax case Philippines line triumphs in battle with internal revenue.
Further explosions rock fire-ravaged boxship SSL Kolkata has developed list and is partially submerged after grounding off India.
Marc Benioff buys into Windward US cloud computing guru invests in maritime risk analysis company.
Top Ships strikes newbuilding leaseback deal with Cargill Transaction also secures employment for the tanker and adds fresh counter party to the company's book.
Seabourn inks cruise double at new JV yard T Mariotti and Damen team up on cruiseship building with fresh order.
Lloyd Fonds renews Pinter's deal early New CEO gets another two years.
Stealth Maritime eyes period deal for former Toisa tanker Reports of Petrobras time charter are incorrect, executive says.
PSV rates quadruple in North Sea Daily earnings hit $29,000 as tonnage supply remains tight.
BW Offshore sees Adolo progress and signs extended deal BW Offshore expects first oil from the FPSO BW Adolo before the end of this year. The unit left Singapore this weekend and is heading for Gabon where it should arrive in August. It comes as another BW Offshore unit, the FPSO Umuroa, secured a contract extension until the end of 2019 in the Tui field offshore New Zealand.
Monjasa too late with claim against GNMTC Legal action in Tunisia no defence against time-barring of UK case over Libyan aframax bunker deal, high court rules.
BTI pulls plug on $50m EMAS investment But other investors express interest in restructuring OSV player.
VLCC demolition tally hits 29 in first half of 2018 Rush of tankers to the breakers contrasts with limited activity in the dry cargo market.
NOC declares force majeure as Libyan loadings blocked NOC says tankers barred at Es Sider, Ras Lanuf, Hariga and Zuetina by LNA.
Kuwait Oil Tanker Co scraps second VLCC in quick succession Shipowner reported to have secured around $17m from latest tanker demolition sale.
Odfjell inks $155m deal to sell Rotterdam terminal Transaction comes with a $100m book loss but will slice debt by $35m and bring further investment in the facility.
EDF and Total divest Dunkerque LNG stakes Korean consortium and Belgian gas infrastructure company take control at French terminal.
Two killed after bulker mooring line snaps Seafarer and docker die after accident involving Taiwanese ship in US.
Jacques Saade honoured at funeral Fleet assembles in Marseille as Lebanese minister bestows highest state distinction.
TS Lines doubles up at Kyokuyo Taiwanese owner declares options for more feederships in Japan.
New VLCCs gobbling up Asian MR cargoes Deliveries of large crude carriers are having profound effect on product tanker market, says Gibson.
Japan Drilling Co seeks court protection Tokyo court issues temporary restraining order to prohibit repayments as firm looks to restructure.
Hyundai Heavy cuts third of its offshore executives World's largest shipbuilder reacts to competition from Chinese and Singaporean rivals.
CDL examiner gets probation for falsifying tests A Mississippi man has been sentenced to three years of probation for falsely certifying some 75 individuals had passed the commercial driver's license exam.
Freight forwarders unlikely to get compensation from Felixstowe The British International Freight Association (BIFA), which represents more than 1,500 U.K.-registered companies in the logistics and supply chain management sector, warned freight forwarders not to expect compensation from the disruption at the Port of Felixstowe.
Global Automakers: No national security justification for restrictions Global Automakers, the National Association of Manufacturers (NAM) and the EU are among the entities that commented in opposition to any tariffs that could be imposed pursuant to the Commerce Department's Section 232 investigation into imports of automobiles and automotive parts.
SSL Kolkata containers falling overboard The condition of the SSL Kolkata, evacuated off the coast of India after a fire broke out on board, has deteriorated, and the cargo vessel reportedly has developed a significant list and containers are falling overboard.
Canada puts retaliatory tariffs into force Canada on Sunday officially entered into force a long list of tariffs on goods produced in the United States in response to the Trump administration's import tariffs on steel and aluminum.
Spot container rates may be on upswing Container freight rates may be building momentum again after slipping last week, according to two of the primary spot rate indices.
Safety deficiencies found at Virgin Islands airports The U.S. Federal Aviation Administration has proposed a $1,466,775 civil penalty against the Virgin Islands Port Authority for alleged safety violations at two airports.
Roadrunner deepens Q1 loss Downers Grove, Ill.-based Roadrunner Transportation Systems, Inc. posted a net loss of $23.6 million for the first quarter of 2018, deeper than the $19.9 million net loss it recorded for last year's first quarter.
White House play for broad tariff authority leaked The Trump administration has drafted legislative language that would give the president sweeping powers to raise tariffs on goods from countries deemed to impose significantly higher duties and/or nontariff barriers on the same goods
Oil closes lower on Trump rhetoric, dollar strength The oil complex fell Monday as US President Donald Trump ratcheted up pressure on OPEC to boost production
European fuel oil, bunker prices hit multi-year highs as crude rises The 3.5% fuel oil FOB Rotterdam barge market and Rotterdam 380 CST delivered bunker fuel has hit three-and-a-half year highs
First Suezmax in a month with bunker fuel headed for West Africa from Canaries The first Suezmax laden with bunker fuel has departed the Canary Islands for the West African market in almost a month
Asian gasoil structure falls deeper into contango on weak fundamentals Demand was poor due to an ongoing fishing ban in China, monsoon season in Southeast Asia and India.
Libya's NOC declares force majeure on loadings at Zueitina and Marsa el-Hariga oil terminals Daily production losses amount to 850,000 b/d of crude as a result of port closure.
External: Global Risk Management
TRADER NOTE: Crude oil trader Patrick Chevaillier leaves Shell Prior to being a crude trader he was an oil market analyst at Shell.
Singapore's Vermont UM Bunkering's arrested bunker tankers up for sale Interested parties have until July 13 to submit bids to The Sheriff of Singapore.
TENDER DATA: Taiwan's Formosa Plastics Marine buys 12-month Singapore term bunker fuel At around $1.50/mt discount to the Platts Bunkerwire 380 CST bunker fuel assessments, while the LSMGO differential could not be confirmed.
Singapore Q3 ex-wharf 380 CST bunker fuel term concludes at MOPS plus $5.50-$6.50/mt Buying interest was thin as some chose to hold out for possibly more competitive prices in the spot market.
IEA 'stands ready to act' when asked about US' Iran sanctions impact: Sadamori Iranian oil buyers have until November 4 to wind down contracts before the US reimposes sanctions.
FUEL FOR THOUGHT: In Argentina, gas is an emerging threat for refiners Argentina has pipelines to deliver a total of 20 million cu m/d to Brazil, Chile and Uruguay.
FUTURES 1: Oil trading lower as Trump renews pressure on OPEC to act A loss of more than 1 million b/d by November if buyers comply with sanctions on Iran.
Libya may lose 850,000 b/d of oil output from port blockade says NOC NOC has not issued a force majeure declaration on Marsa el-Hariga and Zueitina ports, but Ras Lanuf and Es Sider oil terminals.
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