Weekly global market report A weekly price round up from bunkering hubs around the world. Fuel prices continue falling in the Americas Demand was said to be average in Cartagena on Friday. STX Pan Ocean files restructuring plan Part of deal will see debt converted into equity. Tight avails in Fujairah Product avails were tight due to cargo loading schedules in Fujairah. Prices falling across Europe Avails were sufficient in Hamburg. New trader for Monjasa Singapore Kristensen is being transferred from Monjasa headquarters in Denmark. Security vessel formally charged Crew held and charged with illegally buying subsidised bunkers. Owner cuts fuel use and pushes up profits Schedule and speed optimisation contribute to improved results. Low viscosity IFO market tightening in Singapore Viscosity price differential widening in cargo trades. Asian bunker prices end week on further falls Deliveries now fine at Tokyo Bay as typhoon makes shift in direction. SSI: Sustainability wont fly unless it makes business sense Industry can respond to regulations and market forces or be proactive while defending its bottom line, conference is told. Wartsila eyes two-speed, dual fuel market Company to launch new product by end of the year. Infrastructure for LNG bunkering lagging behind Environmental regulations open potential for large LNG marine fuel market. Questions raised about eco goals Normal ship life-cycle of 25 years may no longer be possible as industry strives toward more fuel efficiency. Triple-E vessel to bunker in Russian Far East Operations to take place this Sunday. Fuel oil stocks in China up Cargoes of bonded bunkers arrived at Zhoushan and Shanghai. GATX Reports Little Change in 3Q Profit Profit, Revenue Rise at Indias Adani Ports US Goods Trade Deficit Expanded in August Ocean Carrier Rate Revision Roundup for Oct. 25 UPS Reports 3Q Revenue Growth Former MEBA President Jesse M. Calhoon Dies NYSA, ILA Criticize Hiring Delays at NY-NJ Port Big Ships a Challenge — and Opportunity — for LA, Long Beach DP World Warns Union About Nehru Strike as Delays Mount Panalpina Continues to Increase Ocean, Air Market Shares Echo Global Logistics Posts Record Profit, Revenue Port of Antwerp’s Container Traffic Declines Pacer’s Profit Jumps Despite Slump in Revenue Knight Transportation’s Profit Drops More Than 9 Percent KMTC to Open India Agency Kintetsu World Express to Acquire Panasonic Unit CPP behind S&P? Capital Product Partners tipped as buyer and seller of MR products tankers. Diana tied to cape buy New York-listed owner said to acquire 2012-built bulker from Chinese owner. STX PO plan revealed Korean bulker owner will convert more than $1bn of debt into equity. US irked by P3 Lack of disclosure by Maersk, CMA-CGM and MSC unpopular stateside, Lidinsky says. Ardmore tipped to return Anthony Gurnee-led owner ends two-year absence from the second hand market. Fredriksen’s replacements Frontline 2012 capesize brace is a substitute for STX contracts, analysts say. Prestige victory for P&I club High court judge upholds supremacy of London Club rules over $5.5bn Spanish claim BW sights $300m IPO UPDATE: VLGC titan reveals details of float which may cut Sohmen-Pao family stake to 45%. Frontrunning Can anyone catch Rolf Thore Roppestad in the race for the Gard job? Siem back in profit Oslo-listed reefer operator continues to recover as freight rates stabilise. Samudera slips to red Indonesian boxship operator declines on oversupply and rising competition. Turk tucks into bulkers Kiran Holding puts pen to paper on $216m contract for Ultramaxes at Chinese shipyard. Varuns move pays off Re-flagging AHTS ships to Cyprus has lowered finance costs, CEO says. Signet Maritime opts for Castleman ASD tug design Clear Lake Shores, TX, based Castleman Maritime LLC has been commissioned by Texas tug operator, Signet Maritime LLC, to engineer and design its seventh ASD (Azimuthing Stern Drive) tug. This new 72 ft LOA x 28 ft beam ASD tug is a... Seafarers struggle with paperwork burden It looks like one of the greatest risks faced by seafarers is drowning in paperwork. Seafarers feel they spend too much time on tasks they consider to be an administrative burden according to the findings of a study by the Danish... CSA: BWT wont work in cold, will cost Canada $1.1 B Robert Lewis-Manning, President of the Canadian Shipowners Association (CSA), is calling for a flexible approach [to ballast water treatment] that will reconcile protection of the marine environment with the economic viability of our... Cleveland and Spliethoff plan Seaway service to Europe The Port of Cleveland plans this week to start a regularly scheduled express freight shipping service between the Cleveland Harbor and Europe utilizing the Saint Lawrence Seaway, starting next April. Spliethoffs M/V Statengracht The... Brazil rig project involves major logistics moves With Brazils offshore industry requiring ever bigger and more complex floaters, shipbuilders require increasingly complex logistics solutions to bring components together from different fabrication sites and then transport ever larger... Chinas shift to more balanced trade prompts new Beijing ports policy Asian box exports, excluding regional trade, up 5.4pc in first half US Atlantic ships slow to 10 knots for November-May whale calving season FMC gets US$617,000 in fines from 7 firms for Shipping Act violations Rapidly rising Shenzhen and once glorious Port of Halifax become twins Sino-North Korean Yalu River bridge to be completed next year DB Schenker to open 30 shared logistics centres worldwide over 5 years Sainsburys to launch online fulfillment centre for south east England Savannahs 4 super postpanamax operational, brings GPA total to 27 CEVA Logistics wins eco award from US Environmental Protection Agency TT Club warns forwarders risks makes insurance difficult to get Box weigh-ins needed, but no one technical solution fits all: study HKs HAECO buys North Carolina plane maintenance firm TIMCO Conroute gets live blacktop sharks through customs from Bali to Sweden E-tailers likely to provide 5.97pc annual future growth for air cargo Virgin Atlantic Cargo goes live with Phase 2 of RTS CargoPriceOpt IT Bridgestone announces first prize winners Bridgestone Commercial Solutions, a business unit of Bridgestone Americas Tire Operations LLC, has announced the first prize winners of the Drive a Firestone Sweepstakes for CDL holders. SmartWay verifies Wanli truck tires American Omni Trading Co. has a number of Wanli truck tires on the United States Environmental Protection Agency’s SmarWay-verified list of low rolling resistance tires. Alliance contest winners go to Daytona The Aftermarket Auto Parts Alliance (Alliance) has awarded trips for a weekend of racing to eight technicians who entered the “Drive To Daytona” promotion at the organization’s Auto Value and Bumper to Bumper stores. The sweepstakes continues through Nov. 2013. Bridgestone, six others honored by ATMC The Automotive Training Managers Council (ATMC) has awarded its 2013 National Excellence in Training Award to the following industry firms: Indian Grand Prix: Practice Sessions Red Bull’s Sebastian Vettel went quickest in both free practice sessions today for the Indian Grand Prix, held in ambient temperatures of 30 degrees centigrade. Cooper dividend: 167 straight quarters Cooper Tire & Rubber Co. announced a quarterly dividend of 10.5 cents per share on common stock, payable Dec. 31, 2013, to stockholders of record at the close of business Dec. 2, 2013. Practice cancelled at foggy and wet Twin Ring Motegi The MotoGP paddock was quiet today at the Twin Ring circuit in Motegi, with all free practice sessions for this weekend’s Japanese Grand Prix cancelled due to weather. Heavy fog around the circuit made it impossible for the air ambulance to land or take-off, meaning no sessions could be run in full safety. Bridgestone MotoGP Preview: Japan The penultimate round of the 2013 MotoGP season takes place at the Twin Ring Motegi circuit, a technical circuit with strong braking and acceleration zones and an abrasive, high-grip track surface. Highest attendance ever for ASA conference ASA Automotive Systems, a provider of software systems and services to independent tire dealers, reported the highest attendance ever at its 16th annual InfoExpo software conference in Nashville, Tenn. Used Class 8 truck prices beat expectations According to Americas Commercial Trucking (ACT) Research, used truck dealers continue to characterize business as “good” or even better than expected, although maybe not quite as strong as they had hoped, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks. FMI Automotive to unveil new fuel pump line FMI Automotive Inc., a manufacturer of premium performance water pumps, will unveil its new fuel pump line during the 2013 Automotive Aftermarket Products Expo (AAPEX) held Nov. 5-7 at the Sands Expo Center in Las Vegas.
Posted on: Sat, 26 Oct 2013 08:00:04 +0000
Trending Topics
Recently Viewed Topics
© 2015