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Asia Pacific

Set Alert for Lloyd's List Regional :: Asia Pacific

China escalates trade dispute with new tariffs on US goods

Beijing’s new tariffs on $75bn of goods imported from the US will increase tensions

Asia Pacific North America

Keeping up with the neighbours as Singapore looks to IMO 2020

Singapore’s financial and support infrastructure for the bunkering industry is relatively more developed than its competitors’ but subtle shifts in trade patterns or arbitrage trading opportunities could change things

Asia Pacific Containers

Wallenius Wilhelmsen charged in cartel probe in Australia

Charges follow convictions of K Line and NYK for alleged cartel activity in Australia

Asia Pacific Australia

New bunker derivative touted to bolster IMO 2020 hedge

Shipowners can start hedging their bunker bets against a new futures contract that will be priced against a weighted average of actual bunker trades as guided by pricing agency, Argus Media 

Singapore Bunkers

SITC raises first-half profits on higher volumes and rates

SITC said it would focus exclusively on the intra-Asia market as it believes that this market will continue to experience healthy growth

Asia Pacific Containers

Höegh LNG strikes FSRU sale and leaseback deal with Chinese lessor

Vessel will commence an 18-month time charter as a LNG carrier with Cheniere in September, before a long-term charter with Australian Industrial Energy’s regasification project at Port Kembla

Europe Asia Pacific
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China

Set Alert for Lloyd's List Asia Pacific :: China

China escalates trade dispute with new tariffs on US goods

Beijing’s new tariffs on $75bn of goods imported from the US will increase tensions

Asia Pacific North America

Hong Kong court sells four more Brightoil tankers

Brightoil has recouped $201.6m from the disposal of three very large crude carriers and one aframax in June, and is expected to recover another $230m-$250m from the sale of the remainder of the fleet

Asia Pacific Tankers and Gas

China’s Ouhua Shipbuilding sold for $135m

The assets disposed of include Ouhua’s shipbuilding facilities on Xiaoqian Island in Zhoushan and eight vessels under construction

Asia Pacific Containers

US west coast ports see steady throughput despite Trump’s tariffs

President Trump’s tariffs have upset global markets and unnerved investors as the trade dispute between the world’s two largest economies heads into its second year with no end in sight. But so far, as the numbers show, his policies have done little to dent Chinese imports or boost US exports

Containers Political and Trade

Keppel sizes up fire damage on LNG tanker

The first of two 7,500 cu m LNG bunkering capable tankers ordered from Keppel Singmarine was launched at Keppel Nantong in late July and both units were previously scheduled for delivery in the second and third quarters of this year

Singapore China

Chinese crude imports up 8.8% in the first half of 2019

Saudi Arabia became China’s largest crude oil supplier in the first half of 2019, with 37.8m tonnes, followed by Russia

China Tankers and Gas
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Japan

Set Alert for Lloyd's List Asia Pacific :: Japan

MOL joins domestic trio to develop fully electric vessels

The new company will also develop a platform to provide a line-up of services that take advantage of electrically powered vessels

Asia Pacific MOL

MOL sets up working group for zero-emission alternative fuel

The group will also engage in study and promotion of the fuel in co-operation with other industries, companies and government agencies

International Japan

Japan’s big three hit by lower dry bulk rates

Product tanker rates set to rise because of an increase in demand for gas oil transportation before the 2020 sulphur cap, said MOL

K Line MOL

ONE posts maiden quarterly profit

ONE has revised up its forecast of profit for this fiscal year to $90m because of a stronger performance in the first quarter

Asia Pacific Containers

35 Tokyo (Japan)

Japan's largest container port has continued to invest in new infrastructure, although throughput growth is slowing

Ports and Logistics Containers

63 Kobe (Japan)

Typhoon Jebi severely impacted throughput at the port, which grew by a fraction of results seen in previous years

Ports and Logistics Containers
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South Korea

Set Alert for Lloyd's List Asia Pacific :: South Korea

South Korea eyes support for US-led coalition in Strait of Hormuz

Although South Korean authorities say there is no plan to join a US-led coalition, observers note that additional parliamentary approval for the anti-piracy unit to join the coalition is not required if the number of personnel remains the same. The Gulf of Aden is just a four-day sail away from the Strait of Hormuz

Middle East and Africa Tankers and Gas

China mulls opening of coastal trade to foreign carriers

The idea was spelt out in policy planning documents released by the central government this week relating to the expansion of the Shanghai Free Trade Zone

Asia Pacific Containers

Restis signs orders for up to four MR2s at STX

Greek owner launches tanker renewal programme for wet arm Golden Energy Management

International Tankers and Gas

South Korea pledges $35bn investment in port expansion

A substantial amount of the funds will be invested in the port of Busan

Asia Pacific South Korea

55 Incheon (South Korea)

Encouraging results were seen at the port during a time of trade tension, with new routes showing diversification

Ports and Logistics Containers

06 Busan (South Korea)

South Korea’s number one port has clearly moved on from the collapse of Hanjin to pursue its next phase of growth
Ports and Logistics Containers
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Australia

Set Alert for Lloyd's List Asia Pacific :: Australia

Wallenius Wilhelmsen charged in cartel probe in Australia

Charges follow convictions of K Line and NYK for alleged cartel activity in Australia

Asia Pacific Australia

Australia joins US-led Strait of Hormuz coalition

Destabilising behaviour is a threat to Australia’s interests in the region, the Australian prime minister reiterates amid spate of attacks on international shipping in the region in recent months

 

Middle East and Africa Tankers and Gas

Dry bulk market to enter a new era of sustainability says BHP

BHP estimates IMO 2020 to add between $1–$2 a tonne to Western Australia–China freight and $3–$4per tonne to Brazil–China

Australia Dry Bulk

ILWU International backs Australian dockworkers against DP World's plans for automation

Mr Adams said that DP World’s threat to automate its Australian operations ‘has been condemned internationally’ and that clauses ensuring workers are protected, retrained and reskilled following automation are ‘a priority issue’ for dockworkers around the globe

Australia US States

Zeamarine picks up project for BHP Australia mining complex

The project involves transporting about 450,000 freight tonnes from China to Port Hedland, Western Australia

Europe Germany

Woodside ups preparations at Scarborough gas

The proposed Scarborough gas development, which will pump 4m to 5m tonnes of LNG per annum via the Pluto complex, is due for a final investment decision next year

Australia Tankers and Gas
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