|SEPTEMBER 5, 2019|
- Cosco Shipping Ports profit off 12.5pc to US$147 million, sales rise 4.5pc
- China: FBI seeks to recruit American Huawei executives to spy on firm
- China factory output falls for 4th month as US-China trade row simmers
- Sri Lanka to invest heavily in boosting capacity of Colombo box port
- US sanctions Hong Kong company for illegal transshipment to Iran
- PSA wraps up acquisition of Penn Terminals on Delaware River
- China Merchants Port looks to partner with carrier to stabilise growth
- Yilport Puerto Bolivar to have 4 mobile harbour cranes in November
- Macau cross-border motor traffic up 9.4pc in July to 454,059 trips
- DP World orders 15 RTG cranes from Kalmar for its Mumbai terminal
- Amazon.com to buy 9.9pc of Canadian air freight partner Cargojet
- Shippers want new MASkargo charges dropped despite rising costs
- Ground handler WFS adds new pharma cold cargo facility at Paris CDG
- APEX partners Asiana Cargo and launch services to Rickenbacker
|SEPTEMBER 4, 2019|
- CCBA President & other office-bearers meet FM; hand over a memorandum
- Montane Shipping wins Integrated Achiever's Award at 10th National Education & Business Summit
- Export of non-oil goods from Chabahar Port up 100 pc
- Mansukh Mandaviya inaugurates Emergency Towing Vessel at Mumbai Port
- NMPT awards post-monsoon dredging contract to DCI; work begins mid-Sept.
- PSA International completes acquisition of Penn Terminals in US
- Cabinet approves infusion of capital by govt in IDBI Bank
- US President prods China into concluding a trade deal before the 2020 Presidential election
|SEPTEMBER 5, 2019|
- Regular train launched for timber transport
- Korean Air Cargo continues with GHA in Frankfurt
- Rhenus Logistics acquires PSL Group
- Ground-breaking for new hub in Luxembourg
- Full speed ahead despite diesel traffic ban
- LNG-to-powership project launched in Mozambique
- Martin Ollmann joins management board of TGP Group
- Bulgaria and Romania order Smartron locomotives
- Zufall pools tyre logistics
- CHS Trade chooses Hermes CMS
- Malaysia awards licence for oil & gas logistics
- Two new executives for Hellmann
- New transport hub in Pennsylvania
- "Curiosity of the Day"
- Sonoco Thermosafe fills passive bulk packaging gap
- Fiege opens mega centre in Greven
- Antwerp Lineas hub to receive new equipment
- Last exit to Europe
|SEPTEMBER 4, 2019|
- Maersk and MSC to suspend AE2 Asia-North Europe loop for the second time
- Creating freeports will be 'no magic wand' for a post-Brexit Britain
- Rhenus Group buys UK road freight specialist PSL Group
- Can forwarders trust FedEx in Latin America, as it buys a perishables specialist?
- Keeping the freight and trucks rolling on US roads - there's an app for that
- Kerry appoints industry veteran John Parkes MD for integrated logistics
- Martin Ollmann new MD Germany for TransGlobal Projects
- Cathay Pacific chairman John Slosar to step down in November
- On the wires: Bad news for Damco - Twill's new boss is 'one of the smartest people in Maersk'
- Supply chain radar: The absence of disruption - Silicon Valley folk aren't that stupid
- Supply chain radar: RPA Labs & the tech disruption... what disruption? 'It hasn't taken place yet'
|SEPTEMBER 4, 2019|
- NTSB investigates fatal dive boat fire
The National Transportation Safety Board is investigating a tragic fire that broke out early Monday morning aboard the 75 ft, 1981-built live-aboard dive boat Conception and cost the lives of 34 people.
- Clean Marine set to cut scrubber costs
Oslo, Norway, headquartered exhaust gas cleaning system specialist Clean Marine is launching a next generation SOx scrubber that promises big reductions in shipowners' investment and installation costs as well as lower scrubber
- Wärtsilä solutions will help Hurtigruten go even greener
Hurtigruten, the world's largest expedition cruise operator, is to continue its push for greener and more sustainable shipping by converting three more vessels to become premium, hybrid powered expedition cruise ships. The
- Tidewater makes leadership change
Houston headquartered offshore services provider Tidewater Inc. (NYSE: TDW) reports that its board of directors has appointed Quintin V. Kneen as President, Chief Executive Officer, and director, effective immediately. John T. Rynd
|SEPTEMBER 4, 2019|
- US moves against Iranian 'oil-for-terror' maritime network prompts IMO complaint
Iran has told the International Maritime Organization that US threats against its vessels and attempts to prevent countries from providing...
- Transparency set to top London International Shipping Week agenda
Insurance, legal, security and technology experts converge on London to discuss why transparency is potentially a double-edged sword for shipping...
- Many port states not ready for IMO 2020
The International Maritime Organization's Marpol Annex VI limits the main air pollutants contained in ship's exhausts including sulphur oxides and...
- Fuel compatibility still a major concern
Abdmessih notes that a large number of VLSFO deliveries contained excessive aluminium and silicon levels
- Maersk vessel at centre of UK's biggest heroin seizure
The UK's National Crime Agency found 1,279 kg of heroin concealed in towels and bathrobes on August 30
- Port of Miami reopens after USCG lifts hurricane restrictions
'The Port of Miami, Miami River and Port Everglades are safe for marine traffic/operations, and has lifted the Port Condition...
- CMA CGM seeks to lighten debt burden with China Merchants terminal deal, says analyst
The French line has been known to divest non-core port assets when in need of cash, as in the case...
- Iran to release seven Stena Impero crew
Vessel owner Stena Bulk welcomes reports of crew release but says it has yet to receive official confirmation from Iran
- Daily Briefing
Free to read: World boxship fleet update: A mood of caution | Cosco Shipping quashes 25,000 teu newbuild speculation |...
- Novatek and Sovcomflot announce joint shipping venture
The recent joint ventures will help achieve the goal set by the Russian president to ensure an increase in annual...
- Sinanju Tankers launches Singapore's first LNG-fuelled bunker tanker
Sinanju's crew will pick up valuable experience in how to handle LNG safely and in accordance to the strict procedures...
- Seafarer memorial on Plymouth Hoe serves more than one purpose
The Watchkeeper, a memorial to merchant navy seafarers who died in conflict, has been unveiled in Plymouth as a fitting...
- US Atlantic ports keep eye on slow-moving Hurricane Dorian
Hurricane Dorian is expected to be a 'long-duration event with heavy rain, storm surge, damaging winds and isolated tornadoes'
- Concerns mount on lower price of LNG as US supplies swell
The US Energy Information Administration reported that deliveries of natural gas to customers had reached a monthly all-time high in...
- Safe Bulkers completes five scrubber retrofits
The charter market was weak in the first half of the year, but since then the Baltic Exchange index has...
- Sovcomflot completes LNG-fuelled tanker crossing of northern sea route
The vessel, part of the company's Green Funnel series, crossed the NSR as part of its commercial voyage from the...
|SEPTEMBER 4, 2019|
- LA-LB port terminals: Empty containers only peak season challenge
- Cosco, CN extend intermodal pact
- Carriers driving container data standardization
- New Orleans attracts second direct Asian service
- UP nixes plan to fine trucks for missed appointments
- Shippers delaying US truck drivers longer: survey
- 2M Asia-Europe service suspension signals weak market
- Slower growth, IMO tests stabilizing container shipping sector
- Maersk rolls out single customs process flow to US, Canada shippers
|SEPTEMBER 4, 2019|
- Doosan engine order restarts Ouhua Shipbuilding newbuilds
Brokers caution post-bankruptcy Ouhua Shipbuilding faces a sceptical Asian market
- Ultra Deep Solutions powers ahead with newbuilding plans
Diving support and construction vessel niche player invites yards to bid on its biggest vessel yet
- Berge Bulk buys five-year-old capesize in fleet renewal move
Sale price appears to reflect the firmer capesize freight market has yet to lift asset values
- Sheriff preps Singapore auction for Brightoil bunker tankers
Sales set to test demand for the vessel type ahead of IMO 2020
- Hermitage Offshore still in red
Hermitage Offshore stayed in the red in the second quarter. The Scorpio Group-backed, New York-traded offshore vessel owner reported a $4m loss for the second three months of 2019, alongside a $0.22 loss per share, deeper than the $0.13 loss per share consensus. Equinor swoops for North Sea supply ships The company booked $12.7m in charter revenue for the quarter while vessel operating expenses
- Tidewater's Rynd hanging it up
Tidewater chief executive John Rynd is retiring. The New York-traded offshore giant announced the move after the close of trading Wednesday, effective immediately. He will be replaced by Quintin Kneen, the company's current chief financial officer. Tidewater CEO Rynd preaches discipline as offshore recovers Rynd took over the top spot at Houston-based Tidewater in February 2018, seven months af
- LPG bunkering begins to win favour from VLGC shipowners
Owners who want to play the long game in low-carbon shipping are more interested in the alternative fuel than those simply seeking to meet IMO 2020 rules
- US lashes out at 'oil-for-terror' network with round of sanctions
Shipping warned as tensions between the west and Iran heighten
- Trafigura sheds yet another suezmax after Frontline deal
Spain's Ondimar believed to have picked up trader's Chinese-built vessel
- Shell launches hunt for US and Caribbean LNG bunker vessels
Energy major extends its global reach but this time is seeking two Jones Act ships
- Navig8 deepens links with Metrostar and Transmed
Shipmanager extends fixture of Metrostar aframax pair and goes back to Transmed for second VLCC
- SSY grows its LNG team with broker hire and more to come
Shipbroker Simpson Spence Young (SSY) is building up its LNG expertise with a new hire in Asia and more to come in London. Director Toby Dunipace, who heads the LNG department at SSY, said Scott Leong is joining this month to work out of Singapore alongside broker Josh Choo. SSY's Turner steps down as LNG market reaches new heights Leong was formerly with BW LPG, where he worked for four years,
- UKMTO: two skiffs followed ship off Iran
UK body warns of incident involving unidentified vessel.
- UK recovers record amount of heroin from Maersk boxship
The UK's National Crime Agency has recorded its largest-ever heroin bust off a Maersk boxship. Law enforcement said Wednesday that it tracked nearly 1.3 tonnes of the drug - street value £120m ($164.2m) - from Felixstowe to Rotterdam after the ship dropped anchor in the UK 30 August. Mexico seizes fentanyl on Maersk boxship Golden Ocean capesize caught up in cocaine bust The National Crime Age
- Nordic market sees growth from shipowners attracted to service
Vessel owners are increasingly turning to dedicated insurance providers in northern Europe for their hull cover
- OGK continues Turkish OSV spending spree
Turkish owner snaps up three supply ships as country's fleet expands.
- Convex converges on marine insurance
Self-proclaimed 'insurance company of the future' is ready to pile some of its abundant capital into an improving marine market
- Jens Martin Jensen signs in at New Fortress Energy
One-time Frontline CEO relocates to Miami to join Wes Edens' growing team on LNG
- CSIC chairman Hu retires ahead of merger between Chinese shipbuilding giants
The retirement news suggests CSSC chairman Lei Fanpei may lead the merged entity
- Yangzijiang highlights new bulker orders amid spooked investors
The Chinese shipyard is continuing its efforts to reassure investors that it remains "business as usual".
- Shipping can reap the rewards of embracing its 'social purpose'
Overturning the monetarist shibboleth of shareholder primacy comes with sacrifices but it could be used to the industry's long-term benefit
- GasLog signs up for first FSU deal with Panama power project
Peter Livanos-led company opts to convert open vessel as it looks at the future use of its existing vessels
- Tough love at Lloyd's could help marine markets finally take off
Major doubts hang over whether rate improvements can be sustained in the long term following the restructuring at Lloyd's of London
- Torstein Hagen launches cruiseship voyage record attempt
Viking Cruises supremo says current trip is double its previous longest
- Sovcomflot forms new LNG carrier company with Novatek
Russian owner and producer teaming up on shipowning, design and construction.
- Lemissoler to sell off older vessels as it awaits deliveries
Cyprus-based company braces for fleet renewal amid robust S&P activity for supramaxes
- Hanssons dissolve family company but keep NAT shares
Herbjorn and Alexander Hansson are dissolving the family's investment company, High Seas, after significant losses. High Seas owns the family's shares in tanker company Nordic American Tankers and the offshore company Hermitage Offshore Services, where the share prices have fallen sharply on the New York Stock Exchange. Over the three years, the family company has booked losses of close to NOK
- HHI seeks green light from Japan for DSME mega-merger
South Korean shipbuilder takes another step towards its $1.6bn takeover of DSME.
- Samsung forms joint venture for new Russian tankers
South Korean shipbuilder also signs contract to design series of 15 Arctic 2 LNG carriers
- Preferred share payout holds down first half performance at Top Ships
Top Ships reported a deeper loss for the second half as a dividend on preferred shares issued to its chief executive pushed its bottom line lower. The Evangelos Pistiolis-led company reported a $15.2m loss attributable to common shareholders after the New York close Tuesday, deeper than the $6.6m loss for the first half of 2018. Top Ships plaintiffs appeal dismissal of fraud suit Top Ships move
- Freeport LNG debuts as first commissioning cargo sails
Another new US liquefaction plant swings into action as eyes turn to Elba Island for next start up
- Iran to release seven crew from Stena Impero
Five Indians, a Latvian and a Russian to be freed from tanker on humanitarian grounds.
- RSA Luxembourg's Richard Turner urges marine sector to embrace change
Underwriters and brokers need to learn new skills, says IUMI chairman Richard Turner, who is pushing the marine industry to welcome advances in technology
- Eurobulk offloads 20-year-old panamax bulker as prices firm
An undisclosed buyer is said to have paid $6.5m for the Tsuneishi-built vessel
- Blue Wall fleet halved after fourth ship sale this year
Yet another ship owned by George and Stathis Gourdomichalis' Blue Wall Shipping has been sold - reducing its fleet to four vessels, down from eight at the beginning of the year. The company's clients - some of whom have been embroiled in legal struggle with a charterer - have shed four of Blue Wall's ships since March in deals that raised about $23m. Second Gourdomichalis bulker seized in ship a
- More chemical tankers on the menu for EAT
Malaysian owner wants extra capacity for Petronas' new refinery project.
- CMA CGM linked to sale of CMAT terminal assets
China Merchants tipped as buyer as Lars Kastrup reportedly leads disposal effort.
- Equinor to groom digital OSV chartering start-up
Norwegian oil firm's accelerator offers funds and access to a network of experts at Oslo boot camp
- Stena confirms three-year LNG carrier charter
But Swedish owner does not specify whether Total has taken vessel.
- Hyunsung MCT inks debut ship order
South Korean company kickstarts alternative fuel push with ro-pax deal.
- South East Asia crude import growth to cool in 2019
Vietnam, Malaysia and Myanmar have been good for tankers, but Indonesia less so, says Clarksons
- Keppel launches Singapore's first dual-fueled bunker tanker
Sinanju-owned vessel on track to start supplying IMO compliant fuels in early 2020
- Turkish man jailed for exporting US marine equipment to Iran
US judge said procurement for military purposes represented a "serious threat" to US national security
- Markel International optimistic over Asian insurance market
Underwriter working at Lloyd's platform in Asia says the region's prospects are good
- Eastern Pacific lands MSC charter for LNG-fuelled boxship sextet
Latest deal means all of Idan Ofer company's boxship newbuildings are chartered out
- Vogemann linked to eight bulkers at Taizhou Kouan
One of Germany's oldest shipowners has signed up for an order that will substantially increase its owned fleet
|SEPTEMBER 4, 2019|
- Lack of railcar demand in spotlight at investor conference
With rail traffic lower year-over-year and PSR initiatives in full swing, it's understandable that soft railcar demand attracted attention at an investor conference.
- Dorian poised to hit eastern Canada and the Port of Halifax
Category 1 storm still poses danger as it reaches Maritimes over the weekend, forecasters warn.
- FreightWaves opens up free SONAR access in the midst of Hurricane Dorian
SONAR provides real-time data on Dorian's progress and forecast, along with likely and actual impacts to transportation and energy infrastructure.
- Old Dominion posts weak August results; ArcBest reports sluggish July-August numbers
Old Dominion, ArcBest report sluggish monthly
- Ware2Go adds DIY tools to augment on-demand fulfillment services
Ware2Go unveils four DIY tools to make distribution center site selections more effective
- J.B. Hunt provides some optimism, less doom at investor conference
The outlook from JBHT was notably better than the concern around the lack of an uptick in seasonal demand that many carriers expressed at multiple...
- Railroads see headwinds cutting volumes for rest of 2019
Slumping coal demand, trade wars and a competitive truck market are weighing on rail volumes for the remainder of the year.
- Destruction to Bahamas ports, airports complicates relief efforts
Logistics providers and non-governmental relief groups are facing difficulties getting large quantities of emergency supplies and personnel into the Bahamas because the runways and ports...
- Maritime regulators to weigh opposing views on port automation
Labor unions claim the effect on jobs is not being properly considered.
- Detention time rising as drivers wait longer to load and unload
Women drivers wait longer to load and unload their freight than their male counterparts because they are less prone to pitching a fit over delays.
- Freight Futures daily curve: 9/4
East futures lanes little changed on the uncertainty of Dorian; SEA to LAX firms
- Steep rise in recorded supply chain thefts in EMEA region
Data on recorded cargo thefts in the EMEA region shows an alarming increase this year, with it crossing €55 million in the first half of...
- Cargo airlines prepare for Brexit demand spike
Air cargo carriers are expecting a demand surge for scheduled and charter capacity if the British government overcomes opposition in Parliament and proceeds with a...
- Dry bulk rates are far outpacing earnings and shares
Companies like Safe Bulkers are booking their ships at considerably higher rates, yet investor interest remains muted.
- Turkish businessman sentenced for Iran export conspiracy
Resit Tavan, owner of Istanbul-based Ramor Dis Ticaret Ltd., will spend 27 months in jail for conspiring to export U.S. marine equipment to Iran.
- Cargolux joins air cargo's digital shift
Europe's air cargo industry has not been the quickest when it comes to embracing the digital world, but efforts are being made to catch up....
- Today's Pickup: South Africa violence highlights deadly campaign against foreign truckers
President Cyril Ramaphosa pledges to crack down on xenophobic violence, which has claimed the lives of more than 200 foreign truckers since 2018.
- Commentary: Cross-border cargo insurance is a great challenge for North American competitiveness
Editor's note: Kenneth Smith Ramos is a former chief negotiator for the United States-Mexico-Canada Agreement for the Mexican government. He is currently a partner at...
- Treasury set to expand sanctions for Ortega regime
The Office of Foreign Assets Control said additional trade regulations will take aim at the Nicaraguan president and his regime for the ongoing use of...
- Hurricane Dorian still on track to damage Southeast coast
Ports, coastal communities in southeastern U.S. still at risk from Dorian damage through rest of the week.
- Navistar crushes third quarter revenue and profit projections
Navistar International Corp. blew past revenue and earnings estimates for its third fiscal quarter. It is reducing production but expects to gain market share in...
- Cargo volumes down at Schiphol
The Amsterdam airport did report an €18 million year-over-year increase in revenue for the first half of 2019.
- Maintenance 201: Being proactive about vehicle maintenance
How to avoid breakdowns and repairs with preventive maintenance
- 'Faster, cheaper, better:' Richard Greening explores blockchain
FreightWaves CEO & Founder Craig Fuller talks with Richard Greening, the Global Technical Director for the DDC Group. The DDC Group provides digitization and processing...
- 'Brexit' and the US-China trade war drag on European freight markets
Although consumption rates in Europe have remained durable and kept cargo demand reasonably buoyant this year, the U.S.-China trade war and 'Brexit' are casting dark...
- Auto manufacturers invest in a carless future
Auto manufacturers remain a proponent of autonomy, even if what they're manufacturing are varieties of electric scooters and bikes.
- Port Report: Ocean shipping rates reflecting September optimism
Forwarders and ocean carriers are betting a major holiday in Asia and seasonal inventory building at U.S. retailers will provide a boost to container shipping...
|SEPTEMBER 4, 2019|
- NWE Urals' slide continues after fuel oil crack hits 8-year low
The 3.5% FOB Rotterdam barge crack hit an eight-year low on Monday and fell further on Tuesday, as refineries start cutting back production of HSFO.
- Tight barge availability limits bunker fuel delivery at Malta port: sources
Limited barge availability was causing congestion at Malta and limiting prompt delivery of bunker fuel at the port, suppliers said.
- NWE 0.1% gasoil cargoes hit 9-month high, following barge, paper markets up
Cargoes of 0.1% sulfur gasoil in Northwest Europe strengthened to a nine-month high of a $3/mt premium to ICE low sulfur gasoil futures Tuesday.
- August 3.5% FOB Rotterdam barge Platts MOC traded volumes drop 8% on month
Some 546,000 mt of 3.5% RMG 380 CST fuel oil traded in the Platts MOC in August, well above the year-to-date monthly average of about 479,000 mt, but lower than July's 594,000 mt and June's 784,000 mt.
- N Sea Mariner crude to load first four cargoes in Oct: sources
The North Sea heavy crude Mariner is set to load its first four cargoes in October, according to a copy of the preliminary loading program seen by S&P Global Platts Wednesday.
- US sanctions Iran oil shipping network, warns maritime industry to avoid risks
The Treasury Department warned the global maritime industry to avoid dealing with the individuals, companies and vessels on the list or face sanctions.
- FUTURES 5: Crude rallies on equities strength, tightening inventories
Crude futures climbed Wednesday, driven by expectations that US supplies would tighten and by a rise in equities.
- External: Praxis Energy Agents DMCC
- External: Global Risk Management
- Singapore delivered/ex-wharf 380 CST bunker spread widens in Q3 ahead of IMO 2020
"I'm expecting record high premiums to come off, but I'm not expecting any substantial drop for now," a bunker supplier said.