|NOVEMBER 11, 2019|
- Asia-Europe up 3.1pc to US$729/TEU, USWC off 3.5pc to $1,532/FEU
- Port tracker expects US import cargo surge before China tariffs bite
- ICTSI wins US$93.6 million from ILWU dockers for unlawful practices
- Seaspan Q3 profit declines 46.3pc, but up 93.8pc in first 9 months
- Sinotrans Q3 profit slips 6.64pc to US$19.68 million, but mum on sales
- Oz terminal operators offset business losses by charging more for less
- 43pc of trucks in northeast US powered by near-zero emissions diesel
- US farm state of Iowa may host signing of long-awaited US-China pact
- CMA CGM hikes Pakistan-East Africa rate US$100/TEU November 20
- Durban docks first ship on Hapag-ONE new Mideast Asia-Africa service
- Drones pass tests in busy Antwerp port, readying for urban acceptance
- CMA CGM announces a US$100/TEU low water surcharge in Paraguay
- Chamber of Shipping: Canada's Oceans Protection needs improvement
- Global air freight volumes decline by 5pc in September: IATA
- Radiation leak discovered at KL air cargo terminal in Borneo shipment
- Fraport's first 9 months net profit up 9.4pc to US$457.6 million
- Lufthansa Q3 profits fall 4pc to US$1.2 billion though sales rise 2pc
|NOVEMBER 10x , 2019|
- Maersk to pilot battery system to improve power production
- MOL collaborates in developing LNG fuel supply terminal & promoting use of natural gas
- New cyber security guide published
- Shipbuilding industry to get a boost with ship design & model testing centre coming up, says Shipping Minister
- DGTR recommends imposition of anti-subsidy duty on imports of copper wire rods from 4 nations
- BIMSTEC ports conclave sees MoUs inked to boost India's Act East Policy
- LPG terminal to come up at Krishnapatnam Port
- Mechanised coal handling berth operational at New Mangalore Port
- Minister inaugurates commencement of 4th season of Costa Cruises' homeporting in India at Mumbai Port
- PSA Kolkata achieves record monthly throughput & commissions 11 new reach stackers
- Revised berthing policy & tariff structure at Dhamra Port
- Portall Infosystems & 21CC Education partner to provide quality e-learning solutions in Indian logistics sector
- Rich Graviss signs on DHL SmarTrucking as logistics partner
- Forex reserves again at new high
- Govt examining possibility of setting up regulatory authority for e-commerce
- India continues to be among the fastest growing major economies with robust fundamentals, says Finance Ministry in response to Moody's change in outlook
- Steel Scrap Recycling Policy issued
- Shaping a smarter future for Customs
|NOVEMBER 11, 2019|
- Perfecting the details
- Longer trains and new hinterland services for Kiel's port
- New owners for Pall-Ex Group
- Post Nord: changes at the top
- Budapest to welcome Tiaca executives next week
- First US class I railway joins TradeLens platform
- Green light for Seine-Northern Europe canal
- De Winter Logistics takes over De Lordd Transport
- Award for the US secretary of transportation
- First Asian airline joins new cargo e-booking platform
- Intermodal operator honoured for green initiative
- K Line extends its bulk carrier fleet
- PA airport wins grant for new cargo facility
- Digital solution for keyless overnight deliveries
- Rhenus plans to expand its footprint in Asia
- Chris Porter joins Kukla Beverage Logistics
- Federal funding for terminal refurbishment at Jaxport
- "Curiosity of the Day"
- New all-in-one solution for ULD handling
|NOVEMBER 8, 2019|
- Carriers eye more FAK rate hikes as spot rate improvement tapers off
- Bullish ATSG sees A321 freighter leasing opportunities in China
- Ambitious Röhlig Logistics expands footprint in Mexico with JV buyout
- Maersk gets onboard as SaaS specialist ZigZag simplifies reverse logistics
- Air cargo market monitor part 1: data sheds doubt on the 'peak'
- Trump won't hit EU with threatened car tariffs, says EC president
- Happy birthday radar: Premium - It's only just begun...
|NOVEMBER 8, 2019|
- Polar Code: New guidelines issued by ICS and OCIMF
Technical developments in ship design and equipment continue to facilitate more and more ship operations in remote polar areas, despite challenging and unpredictable sea and weather conditions. IMO's International Code for Ships
- Keel for first Flight III DDG 51 authenticated
In a milestone for the Navy's DDG 51 destroyer program, the keel of the first Flight III destroyer, the future USS Jack H. Lucas (DDG 125), was ceremoniously laid and authenticated at
- Fincantieri to close two of Vard's Norwegian shipyards
Shipbuilding giant Fincantieri yesterday reported its results for the first nine months of 2019 and, although numbers for the group were good, losses from its Norwegian headquartered subsidiary Vard had a negative
- Thrustmaster to repower Utah ferry
Houston headquartered Thrustmaster of Texas, Inc. reports that it has been awarded a contract from the Utah Department of Transportation (UDOT) for the repowering of the Charles Hall Ferry on Lake Powell.
|NOVEMBER 8, 2019|
- Pangaea sells two older bulkers
Debt-free units will generate $11m in further cash for Nasdaq-listed operator
- Greek owners demand 'immediate' action over kidnappings
Owners' union issues plea for response to 'unacceptable' situation in the Gulf of Guinea, hinting at wider industry frustration with...
- Reprieve for Cosco tankers to unnerve investors
Tanker rates have already fallen back from the earlier high levels, while investors will not favour another blow from the...
- Accident report finds naval vessel failed to follow procedures
The accident investigation report said in several instances the navy vessel did not follow procedures. It recommended heightened crew training...
- Shipping could be forced to full decarbonisation by 2050
Former energy ambassador of Greece warns that the tanker segment will face upheaval and will require total restructuring
- Prokopiou calls for speed limits and goal-based carbon measures
Founder of tanker, gas and bulker firms says refiners are using ships as 'garbage dumpers' for residual fuel oil ahead...
- Port of Los Angeles volumes reflect impact of trade tariffs
Container handling at the US' largest port falls by a fifth as national import figures stagnate
- Singapore to push LNG with new initiatives
MPA said it would also promote LNG as a cleaner and greener fuel to could contribute to IMO's 2050 target...
- Livanos calls on LNG owners to cut back on newbuilds
Mr Livanos warned that new LNG carriers will be obsolete by 2050 without new technologies owing to the imposition of...
- Logistics minnows eye outsourced software to match the big fish
'Software as a service' products that provide customisable software packages to smaller logistics firms could be a viable way for...
- Daily Briefing
Free to read: Winter transatlantic boost seen for MR tankers | Lack of finance demand leads to more leasing orders...
- The Interview: George Economou
The Greek shipping magnate has just taken his signature Nasdaq-listed company DryShips private after 15 roller-coaster years. A good moment...
- Dry bulk geared segment to benefit from IMO 2020
Mr Hashim noted that about 32.16m dwt of tonnage in the geared vessel segment is more than 20 years of...
- Real balances in fuel market may remain unclear until mid-2020
Minerva Bunkering chief executive questions if the large quantities of stockpiled low sulphur fuel oil are reflected in paper markets...
- Scorpio Tankers says the best is yet to come
The company said 18 scrubber installations were completed in the third quarter, with 13 more in progress. The majority will...
- Gard turns losses round with positive result and zero increase
'We assess our premium based on results in our portfolio over time. We won't look to what other clubs are...
- Crew evacuated after chemical tanker catches fire off Singapore
MPA is investigating the incident and no further details have been disclosed
- Britain reduces threat level for shipping in Strait of Hormuz
Britain has officially lowered its risk assessment for UK-flagged ships transiting the Strait of Hormuz. They will soon be able...
|NOVEMBER 8, 2019|
- Judge delays $93 million judgment against ILWU
- ELDs to reset the rate-making clock: TIA report
- Bankruptcy erodes trust in independent freight payment vendors
- Asia-North Europe carriers hold on to spot rate gains
- New pact yields intermodal gains at India's JNPT
- Schiphol edges closer to solution for freighter slot shortage
|NOVEMBER 8, 2019|
- Ullman: Fuel price spread still lower than expectations
The spread between high sulphur and compliant fuel is not as high as some were predicting, according to Concordia Maritime's chief executive. Kim Ullman, the head of the Swedish tanker owner, told TradeWinds this week that the fuel spread is between $250 per tonne and $300 per tonne. Momentum with Concordia as tanker market 'finally' turns "The spreads were expected to be in the [$600 per tonne
- IMO urged to target fuel producers for decarbonisation
The UN body can put more pressure on refineries to produce low-carbon fuel in pursuit of the 2050 emission goal, some vessel owners say
- Overseas Shipholding improves outlook for fourth quarter
Overseas Shipholding Group is confident in the strengthening Jones Act market and is bumping up its fourth quarter expectations. The New York-listed tanker and barge owner is forecasting $30.3m in adjusted Ebitda for the last three months of the year, a near doubling from the $14.9m earned for the third quarter, alongside $13m in time charter equivalent growth to $89.5m. Overseas Shipholding Gro
- Ultramaxes can "super slow-steam" on oil until 2043
Based on Port Dragon Bulk's estimates, slow steaming can be more cost-effective than LNG propulsion for the mid-size bulker segment
- Global Ship Lease gets a lift from S&P
Global Ship Lease (GSL) has become a better company in the eyes of S&P Global Ratings. The New York-based credit rating agency raised the boxship owner's long-term issuer credit rating and first priority senior secured notes to B+ from B, GSL said. S&P gave the higher mark on the basis of new charters at favourable rates, extended debt maturities, rebalancing supply and demand conditions and a b
- Fredriksen group lifts Marius Hermansen to COO
John Fredriksen has expanded the responsibilities of Marius Hermansen, who has been appointed chief operating officer at private Seatankers Management. The 40-year-old Bergen native started in Fredriksen-controlled Frontline in 2014 after 10 years as shipbroker in the sale and purchase department of Oslo-based Fearnleys. Shortly after, he started in Fredriksen's management company Seatankers, bas
- Baltic Dry Index dips again while sentiment stagnates
After a fun summer, the party is over for dry markets as bearish sentiment depresses rates ahead of the New Year.
- Samsung Heavy Industries bleeds more red ink
Transocean drillship cancellations have hurt the South Korean yard's figures.
- Legal settlement allows Teekay Offshore to focus on growth
Tanker owner pleased that disputes involving more than $250m were ended for $47m.
- Fincantieri profit up but Vard unit losing money
Italian shipbuilder says subsidiary hit by oil and gas downturn
- Anglo-Eastern and Fleet Management talk up benefits of being privately owned
Growth is good but not at any cost, say leading third-party technical shipmanagers
- Below-radar Turkish outfit linked to string of tanker deals
Medship listed as manager of former Ridgebury Tankers and Novellas Union ships, linked to deal for Pantheon VLCC tanker
- Hashim: 'pleasant' IMO 2020 bulker dividend coming in January
Thai-based owner says slow-steaming and scrapping of veteran vessels make outlook bright
- Woodside hires six Solstad Offshore vessels for Aussie drilling project
The project includes a PSV that will run on LNG fuel for the duration of its contract Down Under.
- Bimco expands global fuel price monitoring tool to help with 'massive uncertainty'
Bimco has launched an online tool that its members can use to monitor the spread in prices between high- and low-sulphur marine fuel at 32 ports worldwide. Fear of fuelling: Why IMO 2020 might not be so bad "We have seen significant fluctuations in the market over the past couple of months - fluctuations that can only be explained by the massive uncertainty about the future ," Peter Sand, Bimco
- George Procopiou opts for compliant fuel over LNG and scrubbers
Dynagas chairman of the board gives robust condemnation of scrubbers at Grammenos shipping forum
- AJ Rahman denies talk of Norvic Shipping sale amid hunt for project investors
Owner of bulker operator is looking for backers to help Norvic Shipping's revenue cross the billion dollar mark
- New operator Delta targets Norvic chartering talent
Henrik Jeremiassen and Mudit Paliwal are set to open Delta Corp with staff poached from Norvic Shipping
- Monjasa carries out first LSFO transfer in West Africa
Danish group also sets up new base in Angola
- Peter Livanos says he will press 'pause' on LNG newbuildings
GasLog chairman calls on project charterers to look at existing vessels as IMO's 2050 target for CO2 complicates decisions for owners
- Depreciation hits Wilson despite higher bulker rates
Norwegian mini-vessel owner sees earning dip in third quarter
- PSV rates moving in right direction as SD profit rises
Norwegian owner and investor posts best result yet as OSV markets recover
- Iran claims two more tanker attacks off Saudi Arabia
Government warns IMO of "unsafe routes" in Red Sea after saying incidents previously described as technical faults were in fact missile attacks
- KCC's combi carriers outperform standard product tankers
Norwegian owner says its unique vessels enjoyed rates 1.7 times those of LR1s and MRs
- Torben Janholt's Pioneer Marine offloads another bulker
News of asset disposal comes as shipowner reports a five-fold increase in third quarter net profit
- Singapore Exchange to launch LSFO derivative contracts
Company says increasing global environmental awareness is changing hedging needs of its clients
- Maersk invests in return logistics start-up ZigZag
Move part of Danish owner's wider ambitions to become end-to-end container logistics provider
|NOVEMBER 8, 2019|
- California ports say container exports up, imports down
The Port of Long Beach and Port of Oakland said exports were up, but imports down when compared to October 2018.
- DOWN UNDER TRUCKING: Australia's brutal string of trucking accidents
A spate of deadly trucking-related accidents has taken place around Australia over the last week. Truck rollovers were a major contributor to the death toll....
- Longshore union will seek to overturn $93.6 million verdict
International Longshore and Warehouse Union (ILWU) will seek to overturn a jury verdict that says it owes $93.6 million to the former operator of the...
- BNSF Forges More "Funnel" Double-Track
BNSF placed in service approximately 2.5 miles of second main track near Westmond, Idaho, closing the gap between two larger sections of double-track main line...
- CBP officers when you need them
A Miami-based customs broker specializing in perishable imports will benefit from access to agency officers for after-hours inspections through the Reimbursable Services Program.
- FreightWaves LIVE forecast update: Snow, cold and wind, oh my!
Do not let snow, wind and cold keep you from coming to the hottest freight conference of the year. Bundle up and join the excitement!
- Alibaba funnels $3.3 billion into logistics arm as e-commerce demands intensify
The Chinese giant now owns 63% equity in Cainiao.
- Analyst exchange pinpoints confusion over Ballard Power China ramp-up
Uncertainty clouds future of Chinese hydrogen subsidies and impact on the Canadian fuel cell manufacturer.
- Trans-Pacific container rates are up (a little) in November
China-to-California box rates are up 16% from October lows, but are still down 43% year-on-year.
- Workhorse sees Lordstown tie-up creating new revenue streams
Workhorse Group signed several partnership deals to leverage its intellectual property in electric trucks and drones in the third quarter while more than doubling its...
- EasyJet buys Thomas Cook slots at Gatwick and Bristol
Low-cost carrier fended off rivals IAG, Wizz Air and Virgin Atlantic
- Freight Futures daily curve: 11/8
The National Trucking Freight Futures forward curve indicates a a narrow rate range through 2020.
- AirBridge Cargo completes record container transport
Carrier moved 27 temperature-controlled containers on single flight
- The final step of the final staircase of the final mile
Sometimes, beyond the final mile there are even bigger challenges. Here's one story:
- UPS, in latest density push, pays customers to pick up at alternate locations
UPS' plan to pay folks to pick-up at alternate locations speaks to need to drive B2C last-mile density
- Several rounds of weekend snow to hit northern states
Back-to-back-to-back rounds of snowfall could slow down weekend truckers from High Plains to Midwest.
- Startup easing ecommerce returns logistics raises investment from Maersk Growth
London-based logistics startup tailored to ease e-commerce returns.
- Flashback Friday: Salute the U.S. Merchant Marine & U.S. Navy Armed Guard
The U.S. Merchant Marine provided a supply chain lifeline to U.S. and Allied Armed Forces around the world during World War II. As Veterans Day...
- Survey finds high number of fleets running in-cab cameras
Almost half of fleets are using in-cab video or dash cams as well as a growing number that utilize video services, according to a new...
- Today's Pickup: BYD and Toyota announce joint BEV venture
Plus: Amazon Air emissions complicate carbon neutrality goals; autonomous delivery comes to Moscow
- OFAC: Know your equipment lease end-user
The U.S. Treasury Department's Office of Foreign Assets Control assessed $210,600 civil penalty against Apollo Aviation Group for violating the Sudanese Sanctions Regulations.
|NOVEMBER 8, 2019|
- Shipping companies bracing for legal knots as IMO sulfur rules loom
IMO 2020 prompting owners, charterers to rework CPAs to factor in performance of scrubbers and use of compliant bunkers.
- IFO 380 spot prices end week higher in USGC, Panama on IMO 2020 supply shifts
New IMO 2020 sulfur limit expected to make 0.5%S bunkers dominant marine fuel.
- Crude edges higher amid uncertainty over US-China deal
Crude remained influenced by continued uncertainty over a preliminary trade deal between the US and China.
- Monjasa reports first VLSFO supply in West Africa
Company plans to sell both locally produced low sulfur straight run fuel oil and imported blends as 0.5% sulfur fuels in the region.
- External: Global Risk Management