Shipowners at odds over EU approach to harmonised transport The proposed changes intend to clarify rules, harmonise reporting and create better conditions for combined transport, so it can better...
Demand-side risks weigh on shipping, says Fitch Ratings agency sees healthy, albeit slower volume growth, in container shipping in 2019, while dry bulk freight rates are expected...
Salvage must avoid clinging to the past with LOF ISU accepts LOF's best days are behind it as it prepares to co-operate with shipping and underwriters in new ways
Scrubber providers try to downplay impact of Singapore ban Wärtsilä and Yara Marine Technologies argue that any void created by open-loop scrubber bans will be filled by hybrid scrubbers
HMM in talks to become new alliance member HMM shares slot space on both the Asia-Europe and transpacific east-west trade lanes with 2M, but it is not a...
Maersk to focus on utilisation rather than scale Fleet reduction at Hamburg Süd was a necessary part of achieving synergies between the two companies
Qatar leaving Opec to have little impact on tanker market Qatar is focusing efforts on increasing gas production
Lloyd's List Outlook 2019: Crude tankers Geopolitical wildcards seen testing crude tanker market recovery
US-China tariff ceasefire to restore dry bulk trade flows The immediate restoration of grains and steel imports would induce longhaul shipments, which is likely to boost tonne mile demand
Daily Briefing Trade truce buoys shipping outlook | Scrubber lobby responds to Singapore ban | 2019 Dry Bulk Outlook | Top 10...
CMA CGM and MSC justify bunker surcharges MSC says that it expects to incur costs in excess of $2bn annually as a consequence of the IMO's red...
Top 10 maritime lawyers 2018 As part of our 2018 Top 100 most influential people in shipping series, we look at the very best legal...
Golar LNG Partners doubles pool for share buybacks Believing the company is worth more than its share price, Golar LNG Partners Tuesday morning announced it was doubling the pool of money it uses to buy back shares to $50m. LNG world prepares for year of new supply influx "(The company) believes that the current unit price does not reflect the underlying value of the business, its prospects or the sustainability of the new distribution," the com
Nordic looks to lower proposed share increase Herbjorn Hansson-led Nordic American Tankers amends proxy to lessen request by 40 million shares, but still looks to double total number of units.
Singaporean ship owner sues Port of New Orleans after spill The owner of the ship that spilled oil into the Mississippi River this spring, shuttering the waterway, is suing the board in charge of the Port of New Orleans for more than $10m. In the lawsuit, Singaporean company Antares Maritime alleges the port failed to maintain the Nashville Avenue Wharf, causing the hull of the 27,700-dwt Pac Antares (built 2003) to be torn open 12 April. The 12 April mi
Capital Product Partners coverage begun with a buy MLP's plan to spin off tanker fleet into Diamond S Shipping will increase risk profile but still allow for steady revenue, analyst says.
Capesize rebound slows on Saldanha woes, Chinese imports Earnings of capesize bulkers remain capped by slow iron ore trades but the trade war truce between China and the US offers optimism.
Empire Navigation trims fleet ahead of newbuilding deliveries Stamatis Molaris-controlled Empire Navigation is trimming its fleet ahead of the arrival of its massive newbuilding programme. Empire strikes tanker deal backed by Cargill The company has reportedly sold the Sungdong built 46,000-dwt products tanker MR Kentaurus (built 2007) for $13.6m. Empire did not respond to requests for comments. Some sources say the tanker is sold to a Norwegian buyer.
The cruiseship that floats on air Richard Fain reveals the lengths Royal Caribbean has gone to in making its huge new flagship environmentally friendly
Major Torm investor trims stake DW Partners has reduced its holding in Danish tanker owner Torm, a new filing shows. Departure of crude cannibals lifting product tanker tide, says Torm The investor has trimmed its stake in the Copenhagen and US listed shipowner from 6.64% to 5.96%, it was disclosed today. DW Partners' now controls 4,421,955 Torm shares, worth over $14m at present trading levels. Oaktree Capital is the domi
Fitch gloomy about tonnage-heavy tanker sector Ratings agency says oil supply likely to be hit by Iranian sanctions and Opec decision.
International Seaways lines up product tanker sale International Seaways is lining up the next move in its fleet renewal work with efforts to sell a medium range tanker. Seaways pulls off $434m six-VLCC Euronav deal New York-listed International Seaways has invested heavily in its crude fleet since spinning off from OSG and has been busy divesting older product tonnage. Brokers say the 46,200-dwt Seaways Alcesmar (built 200 4) is being worked f
Apollo and Genting exit NCL after $962m sale Former major shareholders of cruise line offload last remaining holdings.
New start-up EPIK floats Australia FSRU plan Jee Yoon-led company signs deal with Port of Newcastle for planned LNG import terminal
EU agrees uniform port reporting rules The European Commission's Transport, Telecommunications and Energy Council (TTE) has reached a "general approach" on rules establishing a European Maritime Single Window (EMSW). The proposal will increase efficiency by ensuring reporting procedures are the same for all port calls, it said. "The entire logistic chain will benefit from the adoption of common standards, facilitation of data sharing
Terjesen exits as chief executive at Gram Car Carriers Veteran car carrier shipping executive Karl Terjesen is leaving his role as CEO of Gram Car Carriers AS after 13 years in the job. The 66-year-old executive said he will continue as an advisor to the company, which is one of the largest suppliers of ships to the car carrying industry. He said he and company owner Peter D Gram are nearly a combined 140 years old. "We thought we needed a bit of
Mayfair Equity linked to Wightlink bid MayFair Equity Partners is close to a deal to buy UK ro-pax operator Wightlink. Sky News cited sources as saying the fund is one of a small number of bidders in talks with the company's owner, Basalt Infrastructure Partners. The price has previously been estimated at £300m ($384m). Discussions are at an advanced stage, the report said. Arcus Infrastructure Partners was also said to be reviewin
Two freight forwarding execs plead guilty to price-fixing The duo will pay criminal fine and assist with criminal investigation.
Shadow capacity to keep lid on capesize rates despite IMO 2020, says Marex Spectron Head of research believes supply pressure will trump any uptick from IMO 2020.
Boa Offshore lays up for-sale AHTS duo Norwegian owner stacks modern ships it is trying to offload.
Swire completes first autonomous subsea line inspection Swire Seabed has successfully carried out the first autonomous inspection of offshore pipeline systems. It used Kongsberg Maritime's Hugin autonomous underwater vehicle (AUV) for an Equinor job off Norway. A small surface vessel accompanied the AUV, but its role was limited to providing positional updates to the vehicle. The inspections were performed on three pipelines between Kollsnes and Tro
Uljanik yard workers walk out again Another strike hits management at struggling Croatian shipbuilder.
LNG world prepares for year of new supply influx Demands of an expanding market offer opportunities for shipping but the growing pressures of competition present challenges
Onassis shipping laureate Brooks demands diversity Professor Mary Brooks' message: the industry must harness the power of diversity
Four bidders make offers for Nord/LB stake German lender says it will now enter into talks with potential new investors.
Fjord1 and NSB forming joint venture Ferry operator teaming with bus and cargo company for national tourism bid.
CMA CGM a no-show in chance to build LNG sector bridge It was that chance encounter that could have done so much to build a bridge between the wider LNG world and the global shipping community - but it wasn't to be. The giveaway should have been the hushed whispers of "are they going to show up?" that were rumbling around the coffee break at CWC's World LNG Summit & Awards Evening in Lisbon. CMA CGM takes LNG fuelling plunge But this wasn't a spea
Nick Henry stepping down as James Fisher CEO Long-serving boss oversaw transformation of tanker group.
Chandris makes a move on restructured Gestioni trio Rare secondhand deal for Greek owner emerges - casting a spotlight on Italian outfit's debt agreement
Wallenius PCTC turned away due to stink bugs New Zealand orders Swedish car carrier to leave over biosecurity fears.
Wartsila designs new lifeboat - for buildings Finnish technology group Wartsila has designed a new product it hopes will never be used - a lifeboat for a building. The craft could be used in cases of severe flooding and rising sea levels caused by climate change. The concept features autodocking, dynamic positioning and wireless charging, but as yet there are no plans to construct one. The autonomous lifeboat is powered 100% by renewables,
HMM tipped to leave 2M alliance But company says it maintains good relationship with Maersk and MSC.
Reader poll finds subsidies a necessary reality Most readers who participated in a TradeWinds poll found subsidies to shipping companies and yards are a justified part of the business. Shipping subsidies should be used for positive change The poll came after TradeWinds' Terry Macalister wrote in his weekly Wavelength column that South Korea's plan to work with the private sector to build some 140 LNG-powered ships is laudable. Nearly 68.8% o
GoodFuels lines up the 'Coca-Cola of biofuel bunkers' Dutch producer wants to supply shipping with million of tonnes of eco-fuel through its secret recipe involving household rubbish, forest residue and cooking oil.
Don't panic - IMO 2020 is 'a non-event' when it comes to fuel supply There will be sufficient supply of IMO 2020-compliant fuels that meet technical specifications, and there is no point in investing in scrubbers for now because of volatile oil prices and supply risks. That is Monjasa chief executive Anders Ostergaard's advice to shipowners, who will need to use 0.5% sulphur fuel from 2020 unless they have scrubbers onboard to allow their ships to continue consump
Old-school way of doing business is falling apart, says Monjasa boss Bunker supplier plays by new rules: 'There is no five-year strategy any more. You need to navigate on a daily 'basis'
Singapore says Malaysian Johor claims "impinge on its sovereignty" Lion Republic says it does not recognize new port limits in latest maritime spat between neighbours.
Wealth manager increases stake in MMA Offshore Aussie-based investor has been building stake over past few months taking holdings to over 10%, filings show.
Austal firms up Trinidad and Tobago ro-pax newbuilding Aussie fast ferry specialist says latest order will be built at recently opened Vietnam shipyard.
3PLs face challenges in the year ahead But the industry is much stronger financially than container liner companies, according to the consulting firm AlixPartners
A.T. Kearney: U.S.-China trade war will intensify Consultants foresee increased economic links between Russia and China.
project44 acquires visibility provider GateHouse Logistics The combined product offering will become "the first truly global visibility platform" and the largest across North America and Europe, according to the companies.
Importers may claim lower excise taxes for some wines
COSCO service adding Tampa call in January
Georgia announces next inland terminal location
Tigers launches freight, e-comm and logistics portal
CBP cancels meeting in honor of President Bush
Physicians sentenced to prison for falsifying exams
US returns to weighing Venezuela oil sanctions The recent swoon in the oil market may have US President Donald Trump revisiting the idea of tougher sanctions on Venezuela
Oil edges higher, remains in holding pattern ahead of OPEC meeting Crude finished marginally higher on Tuesday as early session price support faded in afternoon trading.
Iraq urges OPEC to consider longer-term strategy to stabilize oil prices Iraq's oil minister said Tuesday OPEC should consider both medium- and long-term strategies to achieve more stability
OPEC/non-OPEC unlikely to agree on continuing oil cuts, says Iran's OPEC governor OPEC and its allies are unlikely to extend their production cut agreement when they meet this week
Europe HSFO arbitrage to Singapore shuts on more western arrivals The high sulfur fuel oil arbitrage from Europe to Singapore has finally closed after being open for much of this quarter
Rotterdam HSFO barge trades hit five-month high on de-stocking The European 3.5% FOB Rotterdam barge Market On Close assessment process kicked off December with a flurry of activity
China oil traders await directions from Beijing to resume US crude purchases Oil traders were cautious about resuming US crude supply to China due to market uncertainties and concerns over a narrow trading window until March.
External: Global Risk Management
29 installed SOx scrubbers registered in gas fleet before IMO 2020: Grieg Among the 75 gas carriers under construction, 37 will have a scrubber installed and three more have options to install the equipment, it said.
GoodFuels, Norden trial world's first biofuel 'drop in' ahead of IMO 2020 rule The biofuel will provide an alternative to distillates and ULSFO to comply with upcoming GHG and sulfur emissions rules.
TRADER NOTE: LPG trader Jeremiah Chan leaves Itochu to join Gunvor Chan is joining Gunvor around mid-January.
TANKERS: Ardmore signs three MR sale/leasebacks for approximately $13 mil raised Ardmore has the option to repurchase each of the three vessels at various stages prior to the maturity of the leaseback contracts
TANKERS: Scorpio to purchase 52 hybrid ready scrubbers for $79.6 million Scorpio has the option for the purchase of an additional 28 scrubbers in 2020.
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