|DECEMBER 4, 2019|
- Maersk to sack 200 in face of 25pc fuel price hike result of UN edict
- China's PMI brightens in November, but analysts see darker side
- Trump: 'Pro-Hong Kong protest bill I signed did not help trade talks'
- China vows retaliation after Trump ratifies pro-Hong Kong bill
- Houston port to buy 3 new cranes, ship channel expansion works
- US to invest record US$900 million to rebuild infrastructure
- Dimerco's Mexican partner wins prestigious national logistics award
- Vietnam may import LNG worth billions to cut trade deficit
- Port of Tanjung Pelepas moves to double box capacity by 2030
- CDB Leasing buys two 9,400-TEUers from SinoOceanic Shipping
- Russian container traffic up 4.9pc, but Arctic volume down 22.4pc
- Experts press for measures to prevent dockside collisions
- Global air freight indicator makes for gloomy outlook: DHL
- Philly airport awarded top-up grant to remove cargo blocking road
- SIA freighters fly Dallas-Atlanta-Brussels-Sharjah-S'pore
|DECEMBER 3, 2019|
- Hamburg Süd launches Remote Container Management for reefer transport
- Maersk wins Customer Service Award two years in a row
- Ministry of Shipping appraises & approves key projects/proposals
- Vessel operating costs seen continuing to rise
- Port of Rotterdam revises vision in keeping with the changing times
- Govt giving importance to cold storage infrastructure, says Minister
- Commerce Ministry taking action against firms misusing export promotion scheme
- Government has given 'in-principle' approval for strategic disinvestment of 33 CPSEs
- Call for regulatory work to enhance trade impact of blockchain technologies
|DECEMBER 4, 2019|
- Service over the Trans-Siberian land bridge launched
- ID Logistics extends its footprint to USA
- More trains running between Doncaster and Felixstowe
- Unifeeder buys Singapore-based operator
- Tillmann Fuchs to head communications at Vienna airport
- Four new maindeck destinations in South America
- Joint platform for transport logistics
- Digital Goodie acquires UK-based Maginus
- Swiss opens Edelweiss bellies for Mexican exporters
- New CFO for Interroll
- RCM and Instant launched by Hamburg Süd
- "Curiosity of the Day"
- Belarus to upgrade its key transport corridors
- Ceva enables mission to honour fallen US veterans
- Seeking investors for Reico Spedition
- Krummen Kerzers wins Swiss logistics award
- Lloyd's Register issues electronic certificates
|DECEMBER 3, 2019|
- Unifeeder expands global footprint with takeover of shortsea rival Feedertech
- Battle for Eddie Stobart Logistics heats up as former CEO joins the fray
- Low volume growth and overcapacity decimates China's air cargo sector
- Flexport and WGA agree to take their aircraft dispute to private mediation
- Latam and Delta announce codeshare agreements across South America
- Capt Peter arrives to boost Maersk-Hamburg Süd perishables services
- Punish directors who don't make climate disclosures, says hedge fund
- Could small pipes deliver the future of logistics?
- Market Insight: Searching for value in Maersk's 4PL Syngenta contract
- Market Insight: The Toll Group horror show, one nasty piece at a time
|DECEMBER 3, 2019|
- VIDEO: Alfa Laval launches PureBallast 3 in bulker-fit configuration
Alfa Laval is now offering an UV-based PureBallast 3 ballast water management system specifically adapted to the flow needs of bulk carriers. The bulker-fit configuration offers savings in footprint, installation and operating
- Blount Boats to build two Chartwell designed CTVs for Atlantic Wind Transfers
North Kingston, R.I., headquartered offshore wind farm support company Atlantic Wind Transfers has placed an order with Warren, R.I., shipyard Blount Boats for two state-of the-art Chartwell 24 Crew Transfer Vessels (CTVs).
- IMO 2020 sets stage for "perfect storm" of litigation
Low sulfur fuel regulations, set to come into force on January1, 2020, have the potential to present "the perfect storm" for litigators dealing with disputes between owners, charterers and bunker suppliers in
- Fairbanks Morse engines to power Navy's seventh Expeditionary Sea Base ship
Fairbanks Morse, an EnPro Industries company (NYSE: NPO), reports that it has been awarded a contract for four main propulsion diesel engines (MPDE) for the U.S. Navy's Expeditionary Sea Base (ESB) 7.
- SeaDream and Damen cancel planned megayacht build
Norwegian entrepreneur Atle Brynestad's SeaDream Yacht Club says that it and shipbuilder Damen have "in good faith and with mutual understanding" decided not to proceed with the building of a new 155
- WinGD introduces new short-stroke engines
Engine designer WinGD (Winterthur Gas & Diesel Ltd) has launched four new short-stroke engines to meet the economic engine speed requirements and space constraints on several vessel types. The range, starting with
- $22.2 billion Virginia Class award is Navy's largest-ever shipbuilding contract
General Dynamics Electric Boat Corp. (GDEB), Groton, Conn., has been awarded the U.S. Navy's largest ever shipbuilding contract. Worth $22,209,893,409 it covers the construction of nine Virginia-class submarines, eight with Virginia Payload
|DECEMBER 3, 2019|
- US tariffs on Brazilian steel - negative, muted or positive for dry bulk market?
Brazil exported about 4m tonnes of steel products to the US this year, its biggest market, according to shipping association...
- Diana set to continue shedding older tonnage
Greek bulker owner is not in growth mode and will continue stock tenders until share price reaches satisfactory level
- Forecasting the effects of world fleet decarbonisation options
Applying the GHG Pathway Model based on long-term trends, the report projects possible pathways for the world fleet size, fuel...
- New Year, new Lloyd's List print magazine
The first hard copy print edition of the new monthly Lloyd's List magazine will arrive in the hands of subscribers...
- Chinese ownership of foreign ports concerns are 'overstated'
Slowing growth of Belt and Road Initiative and a focus on local consolidation limit Chinese terminal ambitions
- DNV GL introduces class rules for using LPG as an alternative fuel
The new rules cover internal combustion engines, boilers and gas turbines for both gas-only and dual-fuel operations
- Navig8 Chemical Tankers joins Odfjell pool
Navig8 deploys four of its 25,000 dwt stainless steel chemical tankers to Odfjell's pool
- Shipbuilding executive cleared in US fraud case
Jean Boustani, a salesman for Privinvest, an Abu Dhabi-based shipbuilder, was acquitted of three counts of conspiracy to commit fraud...
- Supply chain braces for next industrial revolution
Digitalisation is no longer a matter of choice but a matter of survival for the logistics sector
- National Bank of Greece in talks to unload more shipping loans to Cross Ocean
Under sub-participation rules, a loan may be transferred from one bank to another lender without the knowledge of the client...
- Daily Briefing
Free to read: Scrubber payback seen within a year as fuel oil spreads stay wide | Biofuels approaching commercial use...
- CSSC and LR team up on marine decarbonisation research
The two parties will explore the use of blockchain and digital technologies. They will evaluate various clean energy sources and...
- Top 10 technology leaders
As part of our annual Lloyd's List Top 100 most influential people in shipping on December 13, we look at...
|DECEMBER 3, 2019|
- Retiring Lyons brought containers to Mobile port
- North Carolina port CCO to retire
- Virginia expanding port appointment system
- Technology, process improvements foster improved LA-LB truck turn times
- Cass upgrade to give shippers deeper price indices
- NJ trucker opposition intensifies as classification bill advances
- Airlines chasing greater access to e-commerce market
|DECEMBER 3, 2019|
- Shell's LNG traders still reaping profits despite low prices
Oil major able to take advantage of regional price disparities to turn around loss making trades
- Hundreds of fisherman, others blame shipping companies for Houston oil spill
Monday, 731 commercial fisherman and seafood companies filed papers blaming Kirby, K-Line and BW
- Refineries 'suck up' for shipping in IMO 2020 switch
Availability of 0.5%-sulphur fuel is not a major issue as the oil industry has done good preparation for shipowners, some experts say
- Diana Shipping expects to make $7m from two new charters
Diana Shipping is looking to become several million dollars richer from two fixtures to two Asian shipping companies. Diana Shipping to keep rebuying 'under priced' shares The Simeon Palios-led bulker owner has fixed 82,117-dwt kamsarmax Myrsini (built 2010) to Hong Kong's Asuca Shipping for 13 months to 15 months at $11,500 per day, starting Wednesday. The New York-listed company has also c
- US blacklists six more Venezuela-linked oil tankers
The US continues pressuring Venezuela economically to force out President Nicolas Maduro
- Jefferies expects Danaos dividend on 'merry and bright outlook'
Jefferies has predicted that Danaos will issue dividend payment in 2020 on the heels of a $54m equity offering as the investment banking firm also lifted its outlook on the boxship owner. "Time to DAC the halls with Danaos!" analyst Randy Giveans said in a client note, referring to the containership owner by its ticker symbol DAC. "Upgrading to merry and bright outlook". Jefferies improved its r
- Havyard strikes agreement with lenders for embattled shipyard
Havyard Ship Technology (HST) has reached an agreement with clients and lenders that should help the embattled shipyard secure its future and complete its current orderbook. Havyard fires chief executive as group bleeds money Havyard unit's equity lost as covenant breaches revealed "HST has now reached agreements with the shipowners who have vessels for outfitting at the shipyard, as well as G
- Shipbuilding pushes forward against headwinds
TradeWinds' latest business focus explores how the shipbuilding sector is working to claw its way toward profitability after a difficult year.
- NRP teams with Empros Lines to add ultramax
Norwegian investor builds owned fleet in tandem with Greek owner
- First ship for MOL-Karpowership venture heads to Senegal in the new year
Second under-conversion LNG carrier now set to become FSRU for Mozambique LNG-to-power project
- Privinvest exec cleared in $2bn US fraud case
Jean Boustani not guilty of fleecing investors involved in yard group's Mozambique projects
- Total takes close look at issues with CS1 LNG carrier membrane tanks
Work expected to continue well into 2020 on the LNG Unity
- Graig celebrates 100 years in shipping with Cardiff knees-up
Graig Shipping celebrated its centenary with dinner and dancing in Cardiff. About 250 guests joined chief executive Hugh Williams and his brother Chris, Graig's commercial director, at the Exchange Hotel, on the site where Welsh coal was traded for export until the 1970s. There were once more than 200 shipping companies listed on the Coal and Shipping Exchange in Cardiff Docks, amid a boom in ex
- Captain Morgan orders four fast ferries at Wight Shipyard
Maltese owner heads to the UK for new catamarans
- Quiana fails to appeal arbitration award despite charterer owing hire
UK court rules that Greek owner had no right to withdraw bulker from charter to Pacific Gulf Shipping
- OW Bunker: Five years on, it's still getting physical
The collapse of the marine fuels giant is still testing maritime law, especially regarding complex transactions involving middlemen that connect physical suppliers and shipowners
- Inmarsat $6bn private equity takeover to go ahead
Objecting hedge fund investors back down after refusal to increase offer price
- Rosatom buys into Delo as $7bn shipping push continues
Russian nuclear agency takes stake in Sergey Shishkarev's ports and logistics group to aid Arctic ambitions
- CMES seals $332m VLCC order at Dalian Shipbuilding
China Merchants tanker company says new generation vessels will be eco-friendly
- Havila's equity $105m negative as bank talks continue
OSV company still in discussions with lenders as 2017 refinancing deal set for November 2020 expiry
- Bird lovers, green groups push for Mediterranean ECA
Calls for ultra-low sulphur cap in the Mediterranean are gaining traction
- Tanja Gullestrup brings the science of diversity to Pacific Green
Tanja Gullestrup is using psychometrics to increase diversity at scrubber group Pacific Green Technologies
- Problems with global sulphur cap still linger, Greece warns
Greece, one of the most influential voices in the IMO, has warned that shipping is not yet ready for the global 0.5% sulphur cap, which is set to take effect next month. "A month before the implementation, availability, compatibility, safety and quality issues of the new fuels have not been resolved yet," Greek Shipping Minister Yiannis Plakiotakis said at last week's Navigator Forum, a shipping
- Shipowners' hedging boosts FFA liquidity amid IMO 2020 volatility
While scrubbers may complicate market dynamics, owners and charterers need to mitigate financial risks over fuel, leading to more speculative trading for funds
- Restructuring 3 Maj shipyard reveals $105m loss
Croatian shipbuilder saw revenue collapse in 2018
- No kidding: Virgin Voyages goes adults only
If you're not 18, you're not getting onboard. Sir Richard Branson is betting he has found an untapped market: cruises for grown-ups
- Monte Nero linked to purchase of aframax from International Seaways
Monte Nero Maritime has been linked to a purchase of an 18-year-old aframax tanker from US-listed tanker owner International Seaways. Brokers in the US and in Europe said the low-key Greek shipowner has sold the 112,000-dwt Seaways Fran (built 2001) for $13.6m. That's in-line with valuation platform VesselsValue's estimate for a vessel of the Hyundai Heavy Industries-built ship's characteristics,
- Nigeria buying four vessels to kickstart new shipowner
Shippers Council and Afreximbank in talks to acquire fleet for new service
- Grindrod Shipping needs more time to complete IVS Bulk buyout
Nasdaq-listed owner says talks continue on financing its acquisition of partner's 33.25% stake
- Cobelfret sells third capesize in less than a year
Cobelfret has sold a third capesize bulker in less than a year as it continues to trim its bulker fleet. US brokers said the Belgian bulker, ro-ro and ports company has sold the 176,000-dwt Lowlands Orchid (built 2005) to an undisclosed buyer for $15.9m. The Universal Shipbuilding-constructed Lowlands Orchid is due for special survey in October next year. The price is slightly lower than what
- Jiangnan Shipyard outperforms Beijing's expectations
Shipbuilder returns to car carriers after a three-decade absence from the sector
- Former Teekay man John Adams to run V.Ships UK
Experienced shipping executive tasked with implementing new fleet management model
- Atle Brynestad ditches $180m Damen cruiseship order
Norwegian shipowner's SeaDream Yacht Club says it is pursuing other newbuilding opportunities
- Navig8 Chemical Tankers to enter ships in Odfjell pool
Norwegian shipowner said tie-up represents another step in sector consolidation
- Unifeeder acquires majority stake in Singapore's Feedertech
Danish shipowner to expand operational footprint to Asia with latest acquisition
- Berge Bulk early adopter of Wilhelmsen 3D printed spare parts program
Singapore bulker giant one of six big names looking to on-demand manufacturing to "reshape maritime supply chain"
- Sealink International slashes the red ink by over 70%
Malaysia OSV firm said sector is more optimistic about prospects on the back of stable oil prices
- Pollution crackdown to make Korean coal imports more volatile
Asian nation likely to see more seasonality in volumes shipped into country, says Banchero Costa
|DECEMBER 3, 2019|
- Ocean shipping in crossfire again as trade war reignites
Trade tensions look like they'll get worse before they get better, a negative for ocean shipping demand.
- Transflo evolves to offer wide-ranging technology solutions
From its origins in document scanning, Transflo has gone on to develop a broad spectrum of digital offerings for the trucking industry.
- Saia gains, Old Dominion slips in fourth-quarter updates
Saia, Old Dominion fourth quarter updates show that one may be gaining at the expense of the other
- Halliburton among companies cutting 1,000 jobs in Oklahoma, Texas
Halliburton Co. (NYSE: HAL) announced it is cutting 808 jobs with the closure of an office in El Reno, Oklahoma, according to the Houston Chronicle....
- Swift confirms driver leader instructed truckers to drive in inclement weather
Swift drivers react to driver leader's instructions to chain up and drive in inclement weather.
- OFAC fires another sanctions salvo at Venezuelan oil tankers
The Treasury Department agency is closely monitoring vessel name changes used by Venezuelan and Cuban authorities to sidestep U.S. trade sanctions.
- Lightning Systems raises $41M as demand for electric trucks grows
Electric powertrain manufacturer Lightning Systems announced a $41 million funding round to help meet growing demand for electric powertrains in U.S. commercial fleets. BP Ventures...
- By land or sea? Massterly sees autonomous vessels competing with trucks
Short-sea projects in Norway could lead to worldwide wave of crewless, emissions-free ships.
- Bad oil news piles up in the Permian and for companies serving it: Dallas Fed
Recent reports out of the Federal Reserve Bank of Dallas paint a gloomy picture regarding prospects in the U.S. oil industry. Even as U.S. crude...
- Freight Futures daily curve: 12/3
Trucking Fright Futures open the month generally lower with volatility in the South.
- Bad news, good news for dry bulk shipping
Brazil's Vale has cut its iron-ore outlook for the first quarter, but revealed higher-than-expected projections for full-year 2020 and 2021.
- Nor'easter impacts continue across New England
Snowfall, gusty winds, transportation delays ongoing from Boston to Bangor. Troubles possible on I-95.
- The staggering price tag associated with moving precious artwork
Moving precious artwork is physically and mentally demanding work, requiring art logistics firms to micromanage every inch of the journey from one art house to...
- Canadian Pacific breaks grain volume records again
The railway attributes the record to its high efficiency train model and to collaboration with supply chain participants.
- France's digital services tax sparks call for hefty US import tariffs
An Office of the U.S. Trade Representative investigation concludes that a French tax on digital services discriminates against U.S. companies, such as Google, Apple, Facebook...
- Improvements to PierPass have smoothed truck traffic
PierPass says long late-afternoon queues at the entrance to container terminals om Los Angeles and Long Beach have been eliminated.
- Introducing FreightWaves Passport Research
New research products will be part of a continuing education platform for our audience.
- Today's Pickup: EROAD, Georgia DOT earn global recognition
EROAD and the Georgia Department of Transportation were among 12 recently honored for innovation at the International Road Federation's Global Road Achievement Awards.
- Airforwarders Association and FreightWaves forge data and media partnership
FreightWaves will work with AfA member companies to provide them with market intelligence, data-driven performance metrics, and unique operational insights.
- Amazon.com's amazing rise wins it top FreightTech 25 honors
Amazon.com's remarkable evolution has been driven by massive IT investments. Its success earned it the top spot in the FreightTech 25
- Norfolk Southern makes changes to demurrage and accessorial charges
The changes come as the railroad deploys precision scheduled railroading.
- Canadian National cuts earnings outlook on strike hit
CNl estimates eight-day disruption will trim C$0.15 per share from profits as CEO assures that recovery plan is "delivering results."
- Freight brokers: How does your pay rank against your peers?
We surveyed 402 freight brokers in the U.S. and Canada to learn more about base salaries, commissions and talent.
- Back-office automation - a boon for broker growth and cash flow
A broker's main job is to find carriers to move freight for shippers, but the reality is that brokers often spend more time than necessary...
- New partners Nikola Motors and IVECO target Europe with alternative propulsion truck
The partnership between IVECO and Nikola Motors announced in September will roll out its first battery electric truck to European buyers in 2021. A fuel...
- Brexit explained: What US shippers need to know
Expert explains why shippers based in the U.S. and beyond should prepare urgently for the worst-case scenario - a no-deal Brexit in 2020.
- Logistics firm Vos Logistics makes strategic acquisition to expand services in the Benelux region
Vos Logistics has acquired SNEL Shared Logistics, which operates a 65,000 m2 warehouse in close proximity to the major Dutch cities of Amsterdam, Rotterdam, Den...
|DECEMBER 3, 2019|
- RBOB crack spreads continue to weaken as refiners exit maintenance
Prompt NYMEX RBOB crack spreads continued to weaken Tuesday, as the return of refineries from fall maintenance is expected to add barrels to storage.
- Novorossiisk bunkering operations suspended by bad weather
Bunkering operations at the Russian Black Sea port of Novorossiisk have been halted because of a storm, a bunker supplier said Tuesday.
- Singapore-delivered 380 CST bunker falls to 3-year low amid weak demand
The delivered 380 CST bunker price at key bunkering hub Singapore plunged to a three-year low as demand for high sulfur fuel oil continued its downtrend ahead of International Maritime Organization's lower sulfur marine fuel mandate from January 2020.
- Open interest for Singapore Marine Fuel 0.5% swap surges as IMO 2020 nears
Open interest for the Singapore Marine Fuel 0.5% swaps traded on the Intercontinental Exchange surged as markets prepared to move to using cleaner bunker fuel come January 2, 2020
- IMO 2020: MGO versus 0.5% bunkers, a battle of low sulfur fuels
With less than a month until the IMO 2020 mandate, which will see the sulfur cap on marine fuel drop from 3.5% to 0.5% -- discussions over the switchover to complaint fuels continue apace.
- External: Global Risk Management