|NOVEMBER 5, 2019|
- Asia-Europe soars 19pc to US$707/TEU, USWC up 17pc to $1,588/FEU
- CMA CGM levies US$150/TEU peak season surcharge November 15
- New port chief: East coast PANYNJ better protected from trade war
- Malaysia seeks Johor-S'pore rail, but at 36pc off US$756 million cost
- Trump urges Boris, Farage to team up and drop the EU-approved deal
- Services to India generated 105,000 TEU for Hamburg in Q1, up 17pc
- Virginia begins Phase I of 55-foot dredging project ahead of schedule
- Kerry Logistics sets up UK's Smiffys with Ningbo DC to the world
- India farmers engaged in nationwide protest against 16-nation trade deal
- Maersk and Lingang Group team up to develop shipping services
- Global Maritime Forum focuses on safe, sustainable solutions
- IAG Cargo blames global slowdown for 9pc quarterly revenue decline
- Dachser Air & Sea certified for pharma shipments on three continents
- Envirotainer upgrades its Liege station to handle RAP e2 containers
- Qatar Hamad Airport to build cargo terminal to support Qatar Airways
- China's first aerotropolis to be built within the Zhengzhou Airport
|NOVEMBER 4, 2019|
- Bahri inks MoU for sustainable development
- First ever movement of container cargo on Brahmaputra to test alternate route to North-East
- Further disruption in container rates likely, says analysis
- Lodestar & Swire Shipping in joint break-bulk service between New Zealand & North Asia
- Milaha partners with Microsoft to build smart logistics platform
- New Indonesia-Singapore / Malaysia-Thailand service from Nov. 12
- Qwyk signs collaborative deal with Chain.io
- Coal imports up in April-Sept.
- Hambantota International Port in TSA with NYK
- Port of New Orleans delivers its annual State of the Port luncheon
- Portall Infosystems in tie-up with GMLS for e-learning platform
- Trincomalee port being augmented
- Finance Minister launches IT initiative for improved monitoring & pace of Customs clearance of imported goods
- Agricultural exports down
- India to appeal against WTO dispute panel's ruling on MEIS & EPCG
- India will meet $ 5 tn economy goal faster than expected, says US Treasury Secretary
- Controlling free market is damaging
- South Asia moving towards becoming the centre of global growth, says IMF
|NOVEMBER 5, 2019|
- "It's essential to earn our money"
- Fastest rail link between China and Germany
- New direct route to Ireland
- New responsibilities at K Line
- First batch of Chinese locomotives arrives in Africa
- Cosco enjoys a convincing Q3/2019
- Qantas launches Cairns - Hong Kong cargo connection
- Ceva Logistics strengthens its presence in Sri Lanka
- Jaxport COO earns industry certification
- USA: truckload carrier expands its intermodal footprint
- Processing more cars at Philaport
- Cancelled after 50 years of service
- "Curiosity of the Day"
- Leschaco's branches in Belgium and Brazil gain AEO status
- Eight HEVs help transporting exceptional loads
- Tarros holds network meeting
- K Line's woodchip carrier to set sail in 2022
|NOVEMBER 4, 2019|
- DP World and CMA CGM's Terminal Link form JV for new berths at Le Havre
- Air freight peak season is 'picking up nicely' - or is it?
- Maersk targets forwarders as digital-first revolution spreads in Latin America
- Cargo airlines cut back on routes and aircraft as soft market hits hard
- DHL GF opens new 'competence centres' as China-Europe rail traffic grows
- Michelle Ho appointed new president of UPS China
- Rudolf Steiner and Mark Skinner move into leading EMEA roles at Swissport
- Supply chain radar: DSV & K+N vs XPO & CHRW et al - Europeans beat Americans to the punch
|NOVEMBER 4, 2019|
- Hornblower enters the U.K. tour boat market
Chicago-based Hornblower Cruises & Events has completed its purchase of City Cruises, the U.K.'s biggest tour boat operator. The milestone deal extends the Hornblower Group's international footprint into the U.K. market for
- VIDEO: World's largest floating wind turbine sets sail
The world's largest floating offshore wind turbine, an 8.4-megawatt (MW) an ABS-classed unit, recently departed for its final destination, the WindFloat Atlantic wind farm, 20 kilometers off the Portuguese coast of Viana
- Eastern Shipbuilding launches RApport 2400 tug for E.N. Bisso
Eastern Shipbuilding Group Inc. recently launched the RApport 2400 tug C.D. White, a ship-assist / escort tug for E.N. Bisso & Son Inc. of New Orleans LA. Designed by Robert Allan Ltd.
- Coast Guard halts another illegal charter operation
The Coast Guard continues its crack down on illegal charter boat operations. Among the latest caught in the net is a 75-foot pleasure craft carrying 22 passengers that was boarded Saturday, Nov.
- Havyard Group and PowerCell working on most powerful maritime fuel cell system yet
Gothenburg headquartered PowerCell Sweden AB has signed a contract with Norway's Havyard Group ASA to develop the design the technical specifications for a zero-emissions fuel cell system. The aim is to design
- Gulf of Guinea: Pirates seize nine crew from JJ Ugland bulker
Pirates kidnapped nine crew members from the 58,105 dwt JJ Ugland owned bulker Bonita early on Saturday when the vessel was at anchor of Cotonou, the largest port in Benin. According to
|NOVEMBER 4, 2019|
- Three dead after tanker explosion in Russia
A Russian chemical oil tanker exploded on Sunday while anchored
- Scrubbers are tried, tested and still getting better
'Current exhaust gas cleaning systems have proven themselves to be reliable, effective means of dramatically improving air emissions without impacting...
- Pirates abduct four crew members from tanker off Togo
The European Navigation-owned product tanker Elka Aristole was attacked by armed men on Monday
- Chemical tankers to take a hit from EU ban on palm-based biodiesel
The EU's demand for palm-based biodiesel is expected to decrease in the long term on concerns about excessive deforestation
- BW Group reverses position on Hafnia
Hafnia slashes offering target from $345m to between $230m and $287.5m, while BW Group scraps $25m share sale
- Brexit extension relieves pressure on UK logistics sector
Latest Brexit delay should not trigger a renewed drive by shippers to secure more warehouse space
- Carriers hope for trade war truce before next round of tariffs
Removal of seasonal, China-produced goods from tariff schedule seen as critical to re-energising transpacific trade
- Sovcomflot secures lease financing and long charter for Arctic 2 LNG carrier
Russian tanker giant agrees lease financing with VEB.RF Group and charter with Novatek for first Arctic 2 LNG carrier
- Yilport Holdings chief executive Christian Blauert resigns
Chairman Robert Yuksel Yildirim will become chief executive until a successor is found
- Daily Briefing
Free to read: Liquid market for LNG still looks some way off | LNG progress offers lessons for future fuels...
- Indonesia nickel ore export ban hits supramax rates
Rates on voyages from South China via Indonesia back to South China, fell as low as $11,031 per day on...
- Platts unveils time charter indices for scrubber and non-scrubber bulk carriers
The vessel speed and consumption used in these TCE calculations are derived by market survey and reflect market practice for...
- World boxship fleet update: Slowing growth
Low number of deliveries in October keeps boxship fleet in equilibrium despite lack of scrapping
- Canada's seaports to see 'robust growth' in the coming decade
Growing trade at Canada's ports will spur new investment for the main railway links connecting the ports to inland markets...
- Yangzijiang wins Navibulgar bulker orders
The latest orders followed four 325,000 dwt very large ore carriers and three 82,000 dwt dry bulkers which the builder...
- Capital Product aims for more boxships
Other moves may include a name change to better reflect the current business
- Pirates seize crew from Norwegian bulker in Gulf of Guinea
The Ugland-owned Bonita supramax was anchored off Benin when pirates abducted members of the crew
|NOVEMBER 4, 2019|
- PhilaPort counts on volume growth as expansion nears end
- Maersk's reinvention puts decarbonization at forefront
- Ag shippers blame ocean carriers, terminals for demurrage
- Complexities test Indian supply chain reform efforts
- Tariffs, capacity cuts spark surge in trans-Pacific spot market
|NOVEMBER 4, 2019|
- Danaos: Boxship demand will outpace supply in 2020
Danaos Corp expects boxship demand to exceed supply next year, marking the first time that has happened in almost a decade. The New York-listed owner is forecasting up to a 4% spike in containerised trade in 2020, based on the International Monetary Fund's outlook for 3.5% GDP growth next year. Meanwhile, boxship capacity worldwide is set to grow only 3%, chief executive Dr John Coustas said. D
- US removes tanker and owner from Venezuela sanctions blacklist
The US government has removed a ship and its one-time owner from its list of sanctioned entities. Marshall Islands-registered Monsoon Navigation Corp and the 106,200-dwt aframax Oceano (built 1994) are off the blacklist maintained by the US Treasury Department's Office of Foreign Asset Control (Ofaq), the agency said Monday. Sanctioned Cosco subsidiaries back off troublesome tankers The two wer
- Trio chase owner after runaway heavylift vessel crashes
Three companies are seeking more than $6.5m from a group of heavylift companies after its vessel got loose on the Sabine River in May. In two lawsuits, the trio accuse Versabar, Versamarine and Versabuild of negligence after the VB-10,000 broke away from its moorings during a storm that battered east Texas. Detained North Korean bulker sold to mystery buyer Hapag-Lloyd accuses Chinese company o
- Regulatory delays put brake on US windfarm vessel gold rush
Billions still beckon for first-movers, but uncertainty remains in a sector that is approaching tipping point, lawyer says
- We must adapt to change or we will become extinct, LOC boss warns
Specialist technical consultancy and salvage company is trying to help shape the future, rather than simply keeping up with industry trends
- P&I clubs 'brace' themselves for IMO 2020 risk as deadline looms
Shipowners will require compliance cover for the new fuel rules but many of the potential pitfalls remain unknown
- Kuok launches offer to take POSH private
The Kuok family has launched a bid to acquire all the outstanding shares in PACC Offshore Services Holding (POSH), one of Asia's largest operators of offshore support vessels. Nine ships could hit sales block as POSH winds up joint venture The voluntary conditional cash offer is being undertaken by Quetzal Capital, a vehicle formed by certain members of the Kuok Group of companies. Quetzal is o
- Court backs insurers in general average battle after MPP grounding
Navalmar UK misses out as high court judge says "actionable" fault means nothing is payable
- Maduro pledges cash to finish ARS tanker pair
Venezuelan president to revive Argentinean order after yard's union leaders approached him in restaurant
- WinGD: shipowners will need to trial new fuels by 2030 to hit IMO 2050 targets
Emissions expert says the industry must get an early look at alternative bunkers, or carbon goals will be missed
- Court lines up sale of EMAS Offshore anchor-handler
Lewek Teal could be sold in Namibia in dispute with shiprepair yard
- Bank of China, ICBC set up shop in Greece
Shipping believed to be key driver of Chinese lenders' decision to establish Athens branches
- Four abducted and one wounded in second pirate attack off West Africa
Second piracy attack in three days in waters off West Africa
- Havyard Group developing hydrogen fuel cells for ferries
Norway's Havyard Group and PowerCell Sweden are jointly developing a zero-emissions fuel cell system that could be deployed on a Havila Kystruten ferry in the future. Havyard losses greater than expected, risks breaching loan covenants Stockholm-based PowerCell develops and manufactures hydrogen-powered fuel cells that produce electricity and heat with no emissions other than water. The two c
- Lixin makes newbuild breakthrough with bulker order
Chinese shipyard reported to have inked its first major vessel order from domestic company
- Mississippi mix-up costs bulker charterer in arbitration ruling
Tribunal backs owner despite invalid notice of readiness ahead of a grounding
- Hafnia downsizes Oslo share placement due to 'tanker stock volatility'
Hafnia's largest shareholder BW Group has had a change of heart and now plans to build, not shrink, its stake in the product tanker owner.
- Broker GRS opens up in Japan with COLI venture
Specialist renewables shipping shop makes good on Asian expansion plan
- Novellas Union joint venture offloads last five product tankers
Lenders sell final vestiges of partnership between Union Maritime and Apollo Global Management
- Sovcomflot locks in financing and charter for first Zvezda Arc7
Russian shipowner to build pilot Arc7 for Arctic LNG 2 project at domestic yard, with a little help from South Korea
- Finaval master breaks leg on aframax
Captain of Neverland Dream evacuated in rough seas off France
- Singapore arrests 11 seafarers in bunker probe
Crew from two tugs held for alleged illegal transaction
- First Steamship signs deal for new kamsarmax
Taiwanese owner paying $33.5m for latest bulker acquisition.
- Three killed in explosion on Russian tanker
Chief officer and two others thrown from Zaliv Amerika off Nakhodka
- EU ban on palm-based biodiesel expected to hurt chemical tankers
Volume of palm oil trade on the Southeast Asia-Europe route to decline from 2019, says Drewry
- Nine crew taken hostage from JJ Ugland bulker off Benin
Norwegian shipowner said incident took place early Saturday off port of Cotonou
- Platts launches dual TCEs for scrubber, non-scrubber ships
Indexes to reflect average difference between returns for respective routes under each vessel class
|NOVEMBER 4, 2019|
- Horrible revenues reported by container maker/lessor COSCO Shipping Development
It's an income statement of two halves for COSCO Shipping Development, which both leases container ships while also making and leasing ocean shipping boxes. Revenues...
- Uber Freight continues to grow network, but losses widen
Uber Freight sees loads more than double on a year-over-year basis, but the division's losses increased as well. Investors will now likely mull over these...
- UPS expects soaring holiday returns; peak day 26% higher than 2018
UPS expects tsunami of returns this holiday season
- Uber, Lyft defend independent contractor model on Capitol Hill
Uber plans to release safety report by end of the year.
- California Trucking Association VP urges caution on electric truck manufacturing standard
The rule would require half of all new medium- and heavy duty truck sales sold in California by 2030 to be zero-emissions vehicles.
- Today's pickup: Logistics and analytics: A perfect marriage; central casting takes its lumps at UPS.
Logistics and analytics are a perfect marriage, U.S. Chamber wants action not words on trade. Central casting fails at UPS as CEO heir apparent unexpectedly...
- US Navy officer, wife face charges of attempted illegal export
False submission of shipment information in the U.S. government's Automated Export System helps sink scheme to smuggle military-style inflatable boats and engines to China, according...
- Freight Futures daily curve: 11/4
After Friday's trading session, volatility appears to be creeping back into the Trucking Freight Futures market.
- BNSF's third-quarter net earnings grow
Lower operating expenses helped to increase profits.
- IAG to acquire Air Europa in all-cash deal
Acquisition strengthens IAG's position in South American market
- TRATON Group warns of intensifying trucking slump despite higher Q3 results
Truck maker TRATON Group S reported higher revenue and profit for the first nine months of the year, but warned of a tougher 2020 with...
- CBP issues penalty-mitigation guidelines for wood packaging violations
U.S. Customs and Border Protection officers at the ports keep watch for untreated wood packaging in cargo shipments to prevent the spread of wood-boring pests.
- Tech Connections: Limited interaction between demand and supply creates downstream inefficiencies
With shippers and carriers unable to predict rates or capacity in the spot market from month to month, can a better alternative be developed by...
- Quick burst of early-week snow for the Rockies
Several inches of snowfall, very slick roads for portions of the northern Rockies. Minor freight movement delays possible.
- How Signal Ocean's software is transforming ship chartering
An exclusive interview with Greece's Ioannis Martinos on what's next for Signal Ocean.
- Ecommerce drives 3Q gains at Canada's Cargojet
Story updated 11/42019, 2:45 p.m. Canadian overnight air cargo provider Cargojet [TSE: CGJTF] increased its third-quarter adjusted pretax earnings by 24% to $39.1 million compared...
- Fashion supply chains can reduce counterfeiting and power inequality by adopting blockchain
Blockchain as a decentralized and immutable ledger can help stakeholders within fashion supply chains to improve trustability, reduce counterfeit products and increase labor equality across...
- DHL launches China-Germany rail express
Transit times of 10-12 days are promised on the new service from DHL Global Forwarding.
- Moody's lowers freight rail industry outlook to negative for 2020
The credit ratings firm sees coal and intermodal volumes under continued pressure next year.
- White Paper - Leveraging the Benefits of Dash Cam Technology
This white paper explores the pros and cons that companies consider when deciding whether or not to implement dash cameras.
- Charges against Russian trucking owner now include bribery, kickbacks, murder-for-hire plot
A federal grand jury recently indicted a Russian trucking owner - who is already awaiting trial on charges that include a $150 million military kickback...
- White Paper - The ROI Behind Freight Visibility
This eBook shares the trends and challenges driving visibility in the supply chain today.
- Diesel's market dominance earns respect but little love
With diesel fuel powering 97% of all heavy-duty trucks, it seems silly to predict its industry dominance will end. But don't tell that to California...
- Visibility into operations is the biggest issue plaguing supply chains
Supply chains are now more susceptible than ever to macroeconomic trends and the rise of consumer expectations in the context of last-mile delivery. To alleviate...
|NOVEMBER 4, 2019|
- Hong Kong-based NewOcean Petroleum delivers first 0.5% marine fuel
NewOcean Petroleum has started the supply of low sulfur bunker fuel this month.
- Crude settles higher, following equities rally
Crude futures settled higher Monday, rising with equities.
- Vopak plans chemical storage expansions; near completion of IMO 2020 capacity
Tank storage company Royal Dutch Vopak has delivered most of its fuel oil capacity conversions for IMO 2020.
- Rotterdam Q3 bunker sales down 5.6% on year on decline in fuel oil sales
- Open interest for Nov middle distillates on ICE falls 20% on slow demand momentum