|NOVEMBER 7, 2019|
- Xi Jinping commits to global trading order as US trade accord nears
- Danaos quarterly profit falls 73pc to US$33.9 million as sales slip 5pc
- Westports Q3 profit up 11.9pc to US$38 million as revenues rise 10.3pc
- Risk management factors make La Spezia the Med port to watch
- Hong Kong holds Asian Logistics Maritime Conference on Nov 19-20
- Uber Freight in Canada facilitates cross-border trade after EU growth
- DHL launches fastest rail freight service between China and Germany
- Macao's September land container cargo soars 36.7pc to 2,213 tonnes
- UPS is ready for holiday volumes, already making deliveries by drone
- NY-NJ port upgrades to surpass Long Beach in throughput rankings
- North America's Q3 intermodal volumes fall 3.7pc, but upturn expected
- Hong Kong air cargo slows, but e-commerce to come to rescue: DHL
- India's IndiGo orders 300 planes, Airbus' biggest order from one airline
- Airbus scoops orders as Boeing flounders after fatal 737 Max crashes
|NOVEMBER 6, 2019|
- Boxco Logistics handles heaviest single consignment at New Mangalore Port
- CPO Tankers becomes ZEABORN Tankers
- First BIMSTEC Ports' Conclave to focus on furthering coastal shipping & ex-im trade
- India has gained in exports due to US-China trade war, says study
- Steel consumption in India set for quantum jump: Dharmendra Pradhan
- Trade agreements with US & European Union being explored
|NOVEMBER 7, 2019|
- Irma's first flight connected to Iran
- Schweizerzug links Niederglatt with Antwerp
- Wels to become a key hub for West-South traffic
- Industrial zone in Port Trois-Rivieres takes off
- Raben Group to take over Fenthol & Sandtmann
- GAC becomes Aberdeen FC's official logistics partner
- Transpacific connection - part I
- Better rail transport interoperability in Dutch network
- More electric cars in bremenports
- Geis sells Central European parcel business to DPD Group
- Dnata's DWC pharma ops now Iata CEIV certified
- Collett wins FTA award
- More capacity for Norwegian beverage supplier
- Michelle Ho to head the China branch at UPS
- Transpacific connection - part II
- "Curiosity of the Day"
- New tool improves risk assessment and cost analysis
- Rotterdam tightens its international links
|NOVEMBER 6, 2019|
- Decision not to install scrubbers could prove expensive for ONE
- Its 'winning strategy' delivers as Expeditors weathers 'challenging' market
- Australian box terminal operators offset falling volumes by hiking fees
- 'Ship agents must reinvent themselves, or they won't survive'
- Comment: The Brexit message to logistics providers is 'be prepared'
- Sharon Page becomes director freight forwarding Europe for Tigers
- Jury awards $93.6m to former terminal operator at Portland
- Horrific ways people-smugglers traffic migrants
- Beverage logistics veteran Chris Porter to develop business for Kukla
- Globaltruck brings in logistics specialist Ilya Sattarov as new CEO
- Supply chain radar: Keep the faith in 'best of breed' Expeditors at your own risk
- M&A radar: Hapag-Lloyd - something's brewing in Hamburg's secret rooms...
- Supply chain radar: From bad to worse at Atlas Air
- On the wires: Gefco hunting for value-drivers...
|NOVEMBER 6, 2019|
- VIDEO: AI pilot project saves fuel on Stena Line ferry
Leading European ferry operator Stena Lines says that a pilot project has shown that fuel consumption can be cut using artificial intelligence (AI) technology to predict the most fuel-efficient way to operate
- Terntank orders hybrid tanker duo
Swedish based Terntank, a pioneer of LNG as a marine fuel, is taking the next step towards carbon-neutral shipping. It has ordered two new 15,000 dwt chemical/product/biofuels tankers at China's AVIC Dingheng
- Osage Marine Services takes delivery of first of two newbuild towboats
Master Marine, Inc, Bayou La Batre, Ala., has delivered the M/V Charlie T, the first of two vessels ordered at the shipyard by Osage Marine Services, Inc., St. Louis, Mo. Both are
|NOVEMBER 6, 2019|
- Greek shipping minister urges 'practical solutions' to 2020 implementation issues
'We need to ensure global availability of compliant fuels and resolve all issues related to compliance, quality and safety requirements...
- Shipping's future relies on industry chain unity, says Cosco Shipping chairman
The Global Shipping Industry Chain Co-operation Initiative has been launched at the 2019 Word Shipping Summit, with the initial enrolment...
- Karamanlis urges graduates to find new solutions
Former Greek Prime Minister Kostas Karamanlis tells the next generation of shipping leaders that 'shipping, trade, and finance do not...
- Owner of targeted vessel may quit Gulf of Guinea over crime risk
Nine crew members from one of Norway-based JJ Ugland's bulkers were abducted off the coast of Benin in West Africa...
- US says Cosco is not untouchable
US Deputy Assistant Secretary of State warns the industry still has some way to go, despite progress in ensuring sanctions...
- More carriers add transitional fuel charges
Maersk, CMA CGM and Hamburg Süd introduce emergency bunker charges
- Norden eyes 'positive' end to year after losses narrow
The company expects to benefit from its scrubber programme, which is well under way. By the end of the year...
- Zeaborn rebrands CPO Tankers after takeover
'Zeaborn Tankers will operate as a legally independent company under the brand name Zeaborn Ship Management ... thus expanding the...
- IMO to discuss new carbon-cutting regulations
Pressure is on regulators to make progress on new decarbonisation measures during negotiations at IMO next week
- Daily Briefing
Free to read: 'Shipping cannot meet 2050 emissions goal' | Opec forecasts 'less severe' IMO 2020 implementation | Xi pledges...
- Tanker owners delay scrubber retrofits to cash in on rate rises
Tankers are being lured to the market by high spot rates not seen in more than a decade
- Maersk to trial auxiliary battery power system
Containerised battery system will help reduce generator loads and lower fuel consumption
- Cargill, Maersk Tankers, and Mitsui & Co start work on fuel-saving technologies
The three companies, which bring together ship types and expertise from two key shipping sectors, hope their Njord project will...
- Hong Kong pushes forward with blockchain project for trade finance
The network's member banks will be able to leverage trusted data to streamline their trade finance approval operations, improve risk...
- Trafigura unveils blockchain trade platform in Singapore
Trafigura has come together with DBS Bank, Infocomm Media Development Authority, the International Chamber of Commerce, Enterprise Singapore and tradetech...
- Hafnia raises $230m in private placement
The product tanker company's shares are expected to start trading on the Oslo Stock Exchange this week
- Seafarers face risk of mental health issues
The research, funded by the Institution of Occupational Safety and Health, urges shipping companies to provide greater support for workers...
|NOVEMBER 6, 2019|
- G2 Ocean banks on wind to double project cargo revenues
- US truck drivers racking up speeding violations
- Carriers unveil spot low-sulfur surcharges
- India inks Bangladesh coastal pact to deepen inland waterway reach
- Scrubber benefits emerge as bunker fuel spread widens
- MPV/HL sector nearing a recovery?
- CargoSmart links shipment data, trade finance blockchains
|NOVEMBER 6, 2019|
- Analysts lower GasLog expectations despite positive outlook
Two analysts have lowered expectations for GasLog after the company fell short of expectations on its third quarter earnings. The New York-listed gas carrier owner posted $25.5m in adjusted profit for the three months ending 30 September, good for $0.01 in adjusted earnings per share - much lower than the $0.07 consensus. GasLog profits fall as revenues rise in strengthening market GasLog also
- Eagle Bulk misses Wall Street consensus amid 'volatile' quarter
Eagle Bulk Shipping landed on the red side of the ledger amid an unpredictable market, falling short of analysts' estimates. The Gary Vogel-led owner of supramaxes and ultramaxes posted a $4.56m deficit for the third quarter versus a $2.58m profit for the same period in 2018. Loss per share came in at $0.06, missing analysts' expectations by $0.04. Revenue gained $5.1m to $74.1m, but that was of
- Genco Shipping to issue its first dividend in several years
Company institutes regular quarterly dividend policy
- BC Ferries orders four more vessels from Damen Shipyard
British Columbia Ferry Services has awarded a contract for four battery electric-hybrid ferries from Damen Shipyards after ordering two such vessels from the Dutch yard in 2017. The Quebec owner of 35 ferries announced the latest order Wednesday and expects the "island-class" ships to enter service in 2022. The company, also known as BC Ferries, in June 2017 awarded a contract to Damen to build
- US says Cosco sanctions prove no one is "too big to fail"
Washington hopes the sanctions on two offshoot of Chinese state conglomerate set an example to the shipping industry, according to the State Department
- Shell forecasts LNG supply gap amid demand growth
Producer Cheniere is optimistic new capacity will continue to be absorbed but others like BP see oversupply looming
- MOL and Gazocean set for new Total LNGBV charter
Duo that supplied original pioneering unit is expected to win second contract as energy major gears up for next CMA CGM ships
- GasLog profits fall as revenues rise in strengthening market
The Paul Wogan-led company predicts a "structurally tighter" market in 2020 and 2021
- ExxonMobil charter shows willingness to pick up older tankers
In spite of increased focus on new and modern tonnage, oil majors are still showing a willing to take on some older vessels on time charters, albeit at a somewhat lower rate. European brokers reported this week that ExxonMobil has fixed a 16-year-old aframax from Sea World Management & Trading of Greece for a year. The Texas energy major has reportedly taken the 106,000-dwt Sea Beech (built 20
- Hermes Marine fights back against Phoenix VLCC deal cancellation
Ghassan Ghandour's Hermes Marine Management said it will seek compensation from Phoenix Tankers for cancelling a planned VLCC transaction between the two companies last month. As TradeWinds reported at the time, Phoenix went back on a deal to sell the 302,000-dwt VLCC Phoenix Vanguard (built 2007). Phoenix Tankers renews effort to sell VLCC in buoyant market An executive of Singapore-based
- Tax rolls reveal substantial bills for Norway's shipowners - except for the richest
The official lists of how much individuals are paying in taxes in Norway was made publicly available this week. But attention has focused on the 2018 tax bills, or lack thereof, for the country's two richest shipping moguls. John Fredriksen and Torstein Hagen are not paying income tax in Norway. Fredriksen, with a calculated wealth of NOK 114bn ($13.3bn) is a Cypriot citizen. Hagen, a Switzerla
- Does Diana Shipping's family plan work in public markets?
Governance watchdog takes aim at daughter, in-law appointments for two companies led by Simeon Palios.
- Hafnia takes $230m from scaled-back Oslo deal
Original targets pulled back across the board, but Mikael Skov-led product giant puts positive face on its impending Axess listing.
- Global Ship Lease beats estimates with stronger ledger
GSL exits the third quarter with a stronger capital structure that is ripe for growth and includes two used vessel buys, according to its chief executive.
- Norden aiming to return cash to shareholders
Norden aims to return more cash to shareholders in the future and is tweaking its capital structure ahead of what it expects to be a strong fourth, according to its chief executive. Norden narrows its loss and plans share buyback This year to date has seen the Copenhagen-listed firm sell nine vessels, reduce its capital expenditure and announce a share buyback scheme, which commenced today. Ja
- Niriis Shipping expands managed fleet amid Greek hunt for panamax bulkers
Greek outfit renews and expands fleet amid rising number of deals for ageing panamaxes
- Battery in a box to boost Maersk's emissions fight
Containerised 600 kWh power system will be trialled next month
- Greek start-up Eco Carriers Maritime snaps up Neda Maritime supramax
Dry bulk outfit picks up one of several ships bigger Greek companies are looking to shed
- Hanjin Heavy wins $60m oil spill ship order
South Korean shipbuilder to build first large OSRV for country's government
- Discount on high-sulphur fuel deepens as IMO 2020 approaches
Despite a slower-than-expected switchover, the price spreads between high-sulphur fuel oil and IMO 2020-'compliant bunkers are gradually widening
- Ammonia and hydrogen jockey to overtake LNG as future fuels
Efforts are ramping up to move straight to greener alternatives for marine bunkers
- Gas-busters: How Cargill, Mitsui & Co and Maersk Tankers aim to help you cut carbon
Cargill, Mitsui & Co and Maersk Tankers to trial eco techniques and technologies and ultimately aim to share them for a cut of the fuel savings
- FSL Trust eyes expansion as it turns around loss
Chairman Stathis Topouzoglou says tanker and boxship owner will continue to explore strategic alternatives
- CPO Tankers starts trading as Zeaborn Tankers
Zeaborn's move into the tanker sector gets a new look
- Hyundai Glovis car carrier hit by English Channel storm
Another unwelcome cargo loss for the South Korean car carrier operator
- Companies linked to Fincantieri raided in corruption probe
Italian financial police investigating alleged fraud and worker exploitation at 19 companies working for yard giant
- Race to cut carbon from shipping gathers leaders in Singapore
Day-to-day challenges and rivalries were put aside for a couple of days last week when around 230 maritime industry leaders gathered in Singapore to help mould the future shape of shipping in a fast-changing world. The second annual Global Maritime Forum was dominated by the question of how to push ahead with the decarbonisation of an industry built on fossil fuels. Sohmen-Pao champions $70bn ca
- Sinokor floats two ageing steam-turbine LNG carriers for sale
South Korean owner to sell 1980s-built ships after recently reactivating them
- Panamax rates slide as trade war bites into US soybean exports to China
Chinese coal imports will be 'the swing factor' in helping lift rates for final months of the year
- Captain among hostages as JJ Ugland considers route change
Norwegian owner says "relentless" efforts continue to free nine Filipinos seized off Benin
- Guangdong Dapeng charters LNG pair to cover for ships hit by US-Cosco sanctions
Chinese importer Guangdong Dapeng LNG (GD LNG) has chartered in two LNG carriers to lift cargoes from Australia in place of six ships hit by US sanctions imposed on Cosco entities. Data intelligence analyst Kpler has identified a Sinokor Merchant Marine ship - the 140,708-cbm HongKong Energy (ex-Northwest Swan, built 2004) - and said GD LNG has also fixed NYK Line's 149,700-cbm Grace Barleria (bu
- Oxygen tanker case heads to trial despite banks' bid for judgement
UK court refuses bid for summary judgment despite lenders being prepared to temporarily accept their actions caused loan breach by Greek owner
- Norden narrows its loss and plans share buyback
Scrubber installations onboard Norden's tankers have impacted the Danish owner's third-quarter results, although it was a different story for its dry segments. Norden lowers full-year forecast on accounting error Meanwhile, Norden said its board has decided to initiate a share buy-back programme of up to $10m in total. Norden recorded an adjusted net loss of $4.0m for the three-month period, w
- Stena AI trial cuts fuel use by 3%
Ferry used artificial intelligence system to predict most efficient way to use bunkers
- Lukoil adds to fleet with GEFO tanker buys
Russian oil producer adds veteran vessels from German owner
- EU to tackle ro-ro fires
Brussels seeks technical solution to worrying safety problem
- S'Hail Shipping buying more bulkers and eyeing OSVs
Expanding Qatar owner targets more ships to meet demand
- Odfjell adds world's biggest stainless steel chemical tanker
Norwegian owner redelivers chartered vessel but gets hands on Hudong newbuilding
- Seafarers' mental health at risk, says UK university
Companies urged to offer more support to crew
- K Line orders Newcastlemax at Japan Marine United
Scrubber-fitted newbuilding to be employed by steel maker JFE on consecutive voyage charters
- Trafigura and DBS start Singapore blockchain trade platform
First trade will involve iron ore cargo worth $20m to be shipped from Africa to China
- Thenamaris ups LPG bet with third order at HMD
Greek owner Thenamaris has exercised an option for a further LPG carrier newbuilding at Hyundai Mipo Dockyard (HMD), market sources said. Managers at the Martinos family company did not immediately comment on the information. However, several online ship directories already list the shipowner with the newbuilding, which would be the third in a series of LPG vessels due for delivery in 2021. Th
- Libya struggles to boost crude exports amid continued security concerns
Libya's hopes of maintaining crude oil exports of 1 million barrels per day (bpd) look to have suffered a further setback, latest analysis shows. Libya said to be targeting return of VLCC loadings "Loadings of crude oil seem to have moved lower so far in October, with volumes not surpassing 900,000 bpd during the first three weeks of this month," said Fotios Katsoulas, liquid bulk analyst for ma
|NOVEMBER 6, 2019|
- NFI executive addresses change and challenges in the trucking industry
With experience in both freight brokering and non-asset-based logistics, David Broering addresses the challenges facing the ever-changing trucking industry.
- Snowstorm to slam northern New England
First snowstorm of the season for interior Northeast is "right on schedule." Up to eight inches for some mountain spots.
- FLEETCOR reports increases in fuel and toll revenue
Fuel card and business payments provider, FLEETCOR, reports increases in fuel and toll revenue. Management said that they are seeing general softness across all trucking...
- Amazon to build second robotics development facility in Massachusetts
- Canadian National sees record western grain volumes in October
Railway rebounds after slow start in August and September.
- Lufthansa cabin crew strike forces flight cancellations
Air cargo shipments may be delayed
- US voters approve state, local transportation funding
Ballot initiatives included a tax on ride-sharing companies in San Francisco.
- For Global Ship Lease, small is beautiful - and so is IMO 2020
Global Ship Lease says it focuses on trade lanes responsible for 70% of global container trade and not the big East-West trades.
- Freight Futures daily curve: 11/6
Trucking Freight Futures mostly unchanged on Tuesday in quiet trading session.
- Railroad groups seek changes to hours of service mandate
U.S. rail trade associations say changes will help employees responding to unplanned events.
- CBP investigates $31 million cocaine seizure at Port of Savannah
U.S. Customs and Border Protection officers found the drugs stuffed in duffel bags inside a container load of scrap aluminum and copper en route to...
- GE aviation leasing arm changes CEO
GE [NYSE: GE] on Wednesday promoted Greg Conlon to president and CEO of its aviation finance and leasing arm to replace Alec Burger, who will...
- Today's Pickup: India gains $755 million in additional exports to the U.S. due to U.S.-China trade war
India gains $755 million in U.S. exports in H1 2019; OPEC braces for drastic drop in oil demand; Tesla is charging ahead in the electric...
- Efstathiou buys German freight-tech mainstay Burmester & Vogel
Evan Efstathiou has just bought his way into the maritime tech landscape.
- Snow, severe storms to give truckers trouble
Severe storms, flash flooding, several inches of snow in store across the lower 48 states through rest of the week.
- Jury delivers victory to LTL carrier in pricing dispute with Amazon
One of the biggest U.S. shippers put increasingly tough terms on carrier, leading to lawsuit.
- Customs broker exam takers give testing conditions poor grade
The NCBFAA, which represents the customs brokerage industry, has become increasingly upset with the management at the Customs and Border Protection-contracted test sites and the...
- Roadrunner incurs heavy losses amid restructuring
Roadrunner's third quarter earnings report resembled a triage list indicating that the company's restructuring path will be a bumpy one.
- Convoy employee earned his chops managing real convoys - in Iraq
Lorin Seeks, Convoy's director of quality and compliance, spent nine years leading logistics as a captain in the U.S. Army Transportation Corps.
- Platform facilitates reverse bidding to streamline shipper-carrier spot market collaboration
Rates can quickly become dated and the lack of real-time transparency in these movements can result in lost opportunities for both shippers and carriers.
- Mother Nature turns Midwestern spuds to duds
"We've only harvested 40% of our acres and still have about 60% in the ground." Tens of millions of dollars of potato crops damaged.
|NOVEMBER 6, 2019|
- Sinopec's Shanghai Petrochemical starts commercial LSFO production
"The first commercial cargo of LSFO has been shipped to Gaoqiao port in Shanghai for bonded bunkering ... "
- Tankers may begin switch to VLSFO bunkers in November: Ardmore Shipping
During the call Tuesday, the company included an outlook on the switch from high sulfur bunker fuel.
- GCC Bunkers ceases offering IMO 380 in USGC ports ahead of IMO 2020: source
GCC Bunkers is no longer offering IFO 380 in its US Gulf Coast markets as it switches exclusively to 0.5%S bunkers.
- Crude rebound stalls as US stocks build, China doubts
Crude futures followed equities lower Wednesday on news that a meeting between the US and China on trade may be delayed.