|NOVEMBER 8, 2019|
- CMA CGM levies US$200/ton low sulphur surcharge from December
- Shippers, carriers dispute demurrage at Federal Maritime Commission
- NYK back in black after posting first half profit of US$146.7 million
- 'K' Line back in black with a US$101 million profit, but sales fall 11pc
- Freeing goods from tariffs would revitalise transpacific box trade
- India Register of Shipping opens new office in the Netherlands
- Concor plans to lease less land from Indian Railways' cargo terminals
- Debate over scrubber usage to clean marine fuel emissions continues
- Two people arrested in Vietnam over deaths of 39 people in lorry in UK
- Hong Kong unrest continues to hurt demand, says Singapore Airlines
- SF Express and Flexport team up to offer one-stop-shop for air freight
- Reputational risk drives cargo firms into export compliance with rules
- CAAS to implement registration of drones in Singapore from January
|NOVEMBER 7, 2019|
- Antwerp & Zeebrugge ports considering phased merger
- Indian ports offer discounts for handling of cargo pertaining to Shahid Beheshti Port, Chabahar
- Ports in Odisha lower warning signal as Cyclone Bulbul likely to skip state
- Umm Qasr port remains closed
- Vigilance Awareness Week 2019 observed at Mumbai Port Trust
- Agriculture Ministry relaxes fumigation condition for imported onion
- DIN system of CBIC to come into force today
- India may rejoin RCEP if demands met, says Minister
- Khadi export seen getting a boost post unique HS code
- Trade war leaves both US & China worse off, finds study
|NOVEMBER 8, 2019|
- More power on the Pacific
- New intermodal terminal opened in Canada
- Tanger Med II welcomes new investor
- Unipart wins Kimberly-Clark extension
- Estonian carrier starts single-person operations
- Rail Forum Europe picks new president and vice-president
- Airbus to build freight-friendly aircraft in China
- Fedex launches new services in Oman
- All-electric truck goes into serial production in 2021
- Zeaborn tankers are born
- Private airport operator calls it a day
- Switzerland promotes cross-border rail traffic
- Flexport expands to Vietnam
- Lufthansa Cargo: more B777F and back to Miami
- Stephan Opel joins Cargonetwork's advisory board
- New CEO for Globaltruck
- LNG shore-to-ship available on the Rhine
- "Curiosity of the Day"
|NOVEMBER 7, 2019|
- Unifeeder vessel to trial synthetic natural gas as a 'climate-neutral' fuel for box ships
- Lufthansa Cargo to upgrade freighter fleet with 777s and lose its MD11s
- Cargo screening forwarders will need to sniff out more dogs by 2021
- Visibility and agility will become more important to supply chains than speed
- Bullish Seaspan reports highest vessel utilisation rate for eight years
- Amazon's rising air shipments fly in the face of its climate commitment
- Jon Bunting appointed interim CEO as Connect Group conducts strategic review of haulier
- Supply chain radar: ATSG up, Atlas down - love is in the air & I am loving it
|NOVEMBER 7, 2019|
- Singapore smart tug project takes a big step forward
Wärtsilä and Singapore harbor and terminal towage operator PSA Marine (Pte) Ltd. report a breakthrough in the IntelliTug project. The project is the first launched by the W'rtsil' Acceleration Center in Singapore
- Inland port managers gain IAMPE certification
The International Association of Maritime and Port Professionals (IAMPE) reports that 14 inland port managers have received their professional industry certifications at a management seminar hosted by America's Central Port in Granite
- Maersk to pilot containerized onboard battery system
A containerized 600 kWh marine battery system will be installed in a trial on the containership Maersk Cape Town in December 2019 to improve vessel performance and reliability while reducing CO2 emissions.
- First box ship converted to burn LNG will now trial SNG
The first containership to be converted to operate on LNG is to notch up another green first, operating on liquefied SNG (Synthetic Natural Gas) produced from renewable electrical energy as drop-in fuel.
- Canaveral Fire Rescue orders advanced Metal Shark fireboat
Jeanerette, La., headquartered shipbuilder Metal Shark has been significantly expanding its presence in the fireboat market with a wide range of fireboats currently in production for multiple customers. A notable recent order
|NOVEMBER 7, 2019|
- SPONSORED Leave for FRW +++ Innovation is key to delivering superior customer service
Introducing live chat technology has paid off for ONE, whose customers readily embraced the platform. A year into the implementation...
- MR tankers expect a winter transatlantic boost
Renewed focus on transatlantic trading follows the June closure of the Philadelphia Energy Solutions refinery, the region's largest, while strike...
- IMO faces push to consider life cycle emissions of zero-carbon fuels
Norway, South Korea and the UK are urging the International Maritime Organization to assess life cycle emissions but recognise the...
- Shipping's low-emission drive should follow the auto lead
Although there is no silver bullet to target a greener future, greater input from all stakeholders is a must, says...
- 2020 Bulkers expects acceleration in earnings after first profit
The company says it will be disciplined in its investment strategy and currently has no plans to add further newbuildings
- Singapore launches upgraded MFM bunker standard
SS 648 also includes new requirements for multi-meter installations, which will cater for the delivery of different grades of bunker...
- From the News Desk: The view from Shanghai
Our regular round-up of the stories behind the headlines this week comes to you from Shanghai, where President Xi Jinping...
- UK Club announces 7.5% premium increase
'Since premium rates declined further at the last renewal, the combined ratio reported this year may be higher than the...
- Eagle Bulk aims to benefit from scrubbers as it sinks into loss
The company, which should have 35 operational scrubbers by the end of the year, said it has hedged 10% of...
- Finnlines focuses on green growth as profits rise
Grimaldi Group company reports increased profits on the back of small rise in revenues
- PSA Marine tests autonomous tug
The IntelliTug project is a collaboration between the Maritime and Port Authority of Singapore, PSA Marine and Wärtsilä to develop...
- Lack of finance demand leads to more leasing orders
Bill Guo tells Lloyd's List that operating leases, which gives lessors more of shipowning role, will not become the mainstream
- Freight forwarding faces worst year in a decade
After a 'torrid start' to 2019, freight forwarding is set for its worst year in a decade as the global...
- The Lloyd's List Podcast: Trade, Trump bashing and the unstoppable rise of Chinese leasing
The Lloyd's List Podcast is in Shanghai this week where President Xi Jinping has been leading the discussions around trade...
- Viewpoint: Learning from the past
What shines out of this account of the last chapter of deepwater sailing ships is the fortitude of that generation...
- Daily Briefing
Free to read: Tanker owners delay scrubber retrofits to cash in on rate rises | Shipping's future relies on industry...
- Cleaves takes gloomy outlook on dry bulk
The analyst has reduced the general rating for dry bulk to 'hold' from 'buy'
- Terntank orders first liquefied biogas-fuelled product tankers
Terntank, which is one of the first owners to have LNG-fuelled product tankers built, seeks to solidify its green shipping...
- Genco sees a strengthening dry bulk market
The dry bulk carrier owner has installed scrubbers on 12 of its 17 capesize vessels, representing a 71% completion rate
- Environmental campaigners block Canada's Trans Mountain Pipeline delivery
In September, activists in kayaks on the Columbia River harassed a barge carrying pipes for the project. Protest leaders say...
- Greek focus of oil spill investigation widens
Some of the biggest Greek owners in the business say they are co-operating with the probe in Brazil in order...
|NOVEMBER 7, 2019|
- IMO 2020 to disrupt ocean freight invoicing
- JAXPORT expansion gets federal funding boost
- Blockchain paying off for DHL Forwarding-HP invoice processing
- Australian shippers in port fees fight after levies surge
- Cargo shift threatens Alameda Corridor with financial crisis: report
|NOVEMBER 7, 2019|
- Pangaea Logistics Solutions to offload two ships for $11m
Pangaea Logistics Solutions plans to sell two older vessels for $11m in two separate transactions to undisclosed buyers. The Ed Coll-led bulker owner announced Thursday that it will sell 52,500-dwt supramax Bulk Juliana (built 2001) for $6.5m and 70,200-dwt panamax Bulk Patriot (built 1996) for $4.5m. Their sales will result in about $11m in cash flow yet lower the company's book value by $8.6m
- Matson maintains forecast, meets expectations
Matson's third quarter came in as expected and sees no need to cut its forecast further. The Hawaiian boxship owner reported a $36.2m profit for the three months ended 30 September, a drop from the $41.6m in the same period in 2018, but good for $0.84 on a per share basis, a penny better than the Wall Street predictions. Matson 'thrives in chaos' of US-China trade uncertainty Matson cuts second
- Bulker chase lands Chinese company, Greek owner in US court
Jiusan Group first arrested a bulker in South Africa over the dispute
- Norwegian Cruise Line beats estimates despite Dorian disruption
Norwegian Cruise Line Holdings trumped analyst consensus figures, while absorbing the financial impact from Hurricane Dorian that wrecked the Bahamas two months ago. Passengers protest on NCL cruiseship The New York-listed cruise major posted $482m in adjusted profit versus $506m in adjusted earnings during the same period last year. Adjusted earnings per share (EPS) came in at $2.23, beating t
- Diana Shipping sells another ageing panamax bulk carrier
Diana Shipping has sold its sixth panamax bulk carrier this year to date. The New York-listed shipowner has sold the China-built 73,700-dwt Clio (built 2005) to an undisclosed buyer for $7.4m before commissions. Does Diana Shipping's family plan work in public markets? Simeon Palios' daughter next in line to lead Diana Shipping Athens-based Diana has sold five other panamaxes since this yea
- Tidewater sheds directors as activist-led reforms take hold
Three directors have departed the offshore company, including its chairman
- Genco's regular dividend provides 'optionality' for shareholder returns
Genco Shipping & Trading has put forth a regular quarterly dividend policy as a way to provide "options" for returning value to shareholders, according to chief executive John Wobensmith. Genco Shipping to issue its first dividend in several years The New York-listed company late Wednesday afternoon announced plans to provide a $0.175 payout to shareholders every quarter, starting with the pas
- Capesize slump pushes BDI below 1,500 for first time in four months
Index sinks to lowest level since July amid thinning fixture lists and rising vessel availability.
- UK lowers security risk for ships in the Strait of Hormuz
The Royal Navy will stop accompanying UK-flagged ships in the politically and economically sensitive waterway.
- Scorpio Tankers 'in the foothills of an inflection'
STNG executives could barely contain their excitement at the cashflows they foresee in the months ahead.
- Investors punish Top Ships stock on new Maxim raise
Greek owner drops 56% in first hour on second warrants-fueled equity raise in two months.
- Celebrity ship refloated after Galapagos grounding
Passengers transferred to sistership after incident off Isabela Island
- Crew evacuated after tanker fire off Singapore
Blaze extinguished on Sampo Unyu's Hoyu, MPA says
- Navios Acquisition confirms VLCC sale and wins term deals
Greek owner banked $25.3m from offloading 2002-built ship to Vitol venture
- Seaspan eyes next phase of growth but profit falls
US-listed boxship owner completes $1.5bn portfolio financing programme.
- International Seaways bullish on earnings after third-quarter loss narrows
New York-listed tanker player has been shoring up its balance sheet and selling old tonnage
- French shipowners call for investment backing for carbon 'transformation'
Group says speed limits should be implemented 'without delay' to tackle decarbonisation.
- Fully employed fleet helps GC Rieber stay profitable
A six-month period of maximum fleet utilisation has helped GC Rieber Shipping stay profitable for a second consecutive quarter. GC Rieber staff lose appeal against sackings The Norway-based shipowner's fleet of subsea, ice/support and marine seismic vessels has been fully employed for the past two quarters. This has helped GC Rieber post a net profit of NOK 17.3m ($1.9m) for the third quarter,
- Gard reports $65m profit and will not make a general increase in 2020
Norwegian mutual insurer says members will not have to pay more premiums next year.
- BTIG targets LNG for boxship bunkers with new leasing vehicle
Managing director Ole Slorer said $12bn to $14bn of capital has been raised for the next generation of ships
- Carsten Mortensen adds fourth tanker to Dee4 fund
Dee4 Capital venture raids Japanese owner for $16.5m ship
- Teekay Offshore strikes leaseback deal plus $100m loan
US-listed owner finances shuttle tanker newbuildings with series of new agreements
- Hafnia finally wins senior listing - but at what cost?
Pundits say a good company with bright outlook may have fallen victim to siren song of unrealistic expectations
- Paved paradise an apt venue as shipping wrestles green agenda
Carbon tax gains momentum amid climate-change challenge, although deep contradictions remain
- Societe Generale chases fraud cash from failed bunker firm IPP
Bank says it has lost some $90m in an alleged bunkering scam as it hunts to recover assets
- Subsea 7 still in the black but warns 2019 will be 'low point' in profitability
Subsea 7 expects its 2019 results to be muted compared to 2018, but revenue and profit should bounce back in 2020.
- Teekay settles two legal claims with combined $47m payout
Owner says payments related to disputes over an FPSO and an FSO
- Costs of abduction and ransom pile pressure on insurers
Pain for underwriters as ransom demands in Gulf of Guinea increase and the 'kidnap market' hots up
- Pirates in Gulf of Guinea switch from oil to kidnapping seafarers
Crew members, once regarded as an impediment to cargo theft, are now seen as a new revenue stream
- Court extends takeover offer deadline for Bourbon
Potential buyers have until 20 November to lodge bids for restructuring OSV giant
- Samskip chief shrugs off Brexit ahead of new UK service
Despite volatile volumes Dutch line launches new service between the UK and Continent
- UK P&I Club seeks 7.5% increase in premium
Insurer said rates are 'no longer sufficient' to cover claims
- 2020 Bulkers turns first profit and pays first dividend
Tor Olav Troim-backed owner rewards investors after putting two vessels into operation in third quarter
- Breakwater and Hayfin tie knot in bid to fill gap left by the banks
Breakwater founder Andreas Povlsen tells how a five-year partnership led to a marriage
- Wilh Wilhelmsen logs $17m loss due to Glovis stake
Norwegian group saw change in valuation knock $37m off bottom line in third quarter
- Guyana denies sale of state shipowner GNSC
Government says talks ongoing with number of interested parties
- Cleaves downgrades bulkers over rate softness and fleet supply
Analyst sees weakness over next few months before resuming upward trajectory in 2020
- Temasek bid for Keppel control to spark further consolidation
Singapore's two largest shipyards face a likely merger following a similar trend in China and Korea
- Inui Global president fends off 'activist' shareholders
Yasuyuki Inui retains role after largest stakeholder demands he is replaced
- Yasa Holding back in suezmaxes with Daehan Shipbuilding order
Turkish owner exited the tanker segment in 2015, selling off a quartet of vessels
- Lithuania's KN aims to acquire Hoegh FSRU Independence
State-backed energy company says it will look to secure funding for deal before April 2020
- Moby ferry runs aground off Stockholm after power failure
Vessel expected to return to service following safety inspection by Swedish authorities
- 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
|NOVEMBER 7, 2019|
- Sinotrans delivers scary Halloween third quarter results... or does it?
All may not necessarily be as it may first seem in the world of company earnings. Dry bulk, ocean container shipping and logistics company Sinotrans...
- Nippon Cargo Airlines joins cargo.one booking platform
Airline is first Asian carrier to adopt platform
- GM sells shuttered Lordstown plant to Workhorse founder
General Motors Co. confirmed the sale of its shuttered Lordstown Assembly complex in northeast Ohio to startup Lordstown Motors Corp., which plans to build a...
- Appeals court finds UPS liable for illegally transporting contraband cigarettes in New York
A federal appeals court on Nov. 7 upheld a lower court's ruling that shipping giant United Parcel Service Inc. is liable for illegally shipping hundreds...
- Transfix CEO wants less waste, more competition in freight brokerage industry
McElroy wants to see a more efficient brokerage industry. He believes competition is promoting that.
- Americold posts double-digit across-the-board gains in quarter
Americold posts decent-to-mixed third-quarter results
- More efficient freighters to help Lufthansa after soft 3Q earnings
Operating profit for Lufthansa Group dipped slightly in the third quarter from a year ago in the face of higher fuel costs and subpar performance...
- Drug/Alcohol Clearinghouse delay: Bad move for truck safety?
Splitting up enforcement deadlines for the rule could cost millions in benefits.
- Study: Americans' tab for tariffs $7.1 billion in September
Between February 2018 and September 2019, U.S. consumers and businesses spent an additional $38 billion on products due to tariffs on Chinese goods, Tariffs Hurt...
- Field of pipe dreams?
Report finds 65% of hemp growers don't have buyers for their crops.
- EKA launches cloud-based marketplace solution
The company also announced a collaboration with telematics provider Transflo.
- Containership charterer Seaspan eager to grow its fleet
Seaspan Corp. says there are attractive opportunities to increase the size of its fleet.
- New Jersey trucking owner slapped with two-year sentence for $2 million tax evasion scam
Federal judge sentenced New Jersey trucking company owner to two years in prison for orchestrating an elaborate $2.3 million tax evasion scheme.
- Tough comps rear their ugly head again
Third-quarter earnings reports and economic data swing in carriers' direction, but not enough to move the needle in this week's DHL Supply Chain Pricing Power...
- Freight Futures daily curve: 11/7
Trucking Freight Futures pointing towards an uncertain to negative rate environment.
- Shipping earnings roundup: Here come the dividends
With profits around the corner, listed shipping companies are reopening the dividend spigots.
- First snow of the season hitting interior Northeast (forecast video)
First New England snowstorm of the season arriving "right on time." Local, regional freight impacts possible.
- ELD mandate's hard deadline is here and adoption rates are still a concern
The hard deadline for the ELD mandate hits on December 16, and a significant portion of the fleets that run AOBRDs are looking to put...
- Tokyo to join Virgin Australia cargo network
New service to begin in March 2020
- US imports from China crash 25% as trade diversification accelerates
A United Nations report concludes U.S. consumers and Chinese exporters are the primary losers in the trade war. Taiwan, Mexico, Europe and Vietnam are net...
- Today's Pickup: Waste mountains of EV batteries a possibility with current mediocre recycling systems
Governments need to bolster electric vehicle battery recycling infrastructure; American worker productivity declined by 0.3% this quarter; Brazil plans to double oil output.
- Third-quarter net profit falls for Genesee & Wyoming
Third-quarter revenue fell for the shortline operator.
- FreightWaves LIVE forecast: big chill in the Windy City
Bitter cold snap coming to Chicago next week during the freight industry's hottest event. Bundle up!
- Rail recession in volume only
Market expert Michael Baudendistel writes about whether there is a rail recession, or are railroads paring operations and employees to fatten their bottom lines.
- SmartDrive video insights: the path to being more than just a camera company
This is another in a series of videos produced by FreightWaves and SmartDrive, recorded at the recent SmartDrive Customer Conference in Atlanta. FreightWaves editor-at-large John...
- Fees and duties analytics can help supply chains weather global tariff wars
Enterprise supply chain solutions provider LLamasoft has introduced a new taxes and duties analytics service on its platform, which will help companies navigate the complex...
- Volvo rolls out electric "urban" trucks in Europe
A year after announcing a range of e-trucks for the U.S. market, Volvo Trucks has started selling all-electric models in Europe.
- Economic slump weighs on October rail volumes
U.S. rail volumes fell 8.1% amid trade uncertainty and "sluggish" growth abroad.
|NOVEMBER 7, 2019|
- Norway's Havyard Group takes step towards hydrogen for bunkers
Timeline for sea trials is not exact but company eyeing 2021.
- Opportunities for Chinese oil market in IMO 2020 switchover: ESAI Energy
IMO 2020 presents various opportunities for the Chinese oil market, ESAI Energy said Thursday.
- Crude futures settle higher on US-China trade prospects
Better prospects for a US-China trade deal add some bullish sentiment in crude markets.
- 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.