|DECEMBER 11, 2019|
- China's port of Qinhuangdao adopts new rule to crackdown on pollution from ships
- China exports continue to fall in November as US trade war continues
- Hapag-Lloyd buys 10pc stake in Moroccan terminal
- CIB to provide US$330m bank funding for new Montreal terminal
- US President to discuss aging airports, traffic control overhaul with aviation experts
- Westports sets new record by lifting 10m TEU
- Textainer to buy LAPCO in US66m deal
- Five nabbed in US$204m seizure of drug ice in chilli sauce in Australia
- LATAM ends deal with American and codeshares with Delta
- Top European airport operators vie for Turkey's Dalaman
- All-cargo air service links Lanzhou in northwest China and Lahore, Pakistan
|DECEMBER 10, 2019|
- CSSC & DNV GL sign new strategic cooperation agreement
- IRClass inks cooperation agreement with leading global maritime e-commerce platform
- Parliament passes Recycling of Ships Bill
- DPT adds new Dry Chemical Powder fire tender to fleet
- JNPT & CONCOR announce weekly scheduled export train from ICD Ludhiana to JN Port
- Three cruise vessels dock at Mumbai Port for third time this season
- First phase of Bharatmala Pariyojana targeted for completion by 2021-22
- Govt taking steps to create favourable environment for investments, bring back growth: Chief Economic Advisor
- Partnership announced to encourage MSMEs to explore growth opportunities with digital commerce
- Rigid land, labour laws & protectionist trade policies hindering investment in India, says World Bank
- Global growth slowdown projected to end soon
|DECEMBER 11, 2019|
- More train connections for Lübeck
- Many new responsibilities for Riva Khoshaba Parker at A4A
- UPS expands global footprint
- US class I railway expands in Kentucky
- Congo River's terminal gateway for Kinshasa takes next step
- Antonov Airlines moves Apache helicopters
- By train, German cars reach China three weeks earlier
- CM Logistik improves processes
- Adriaan den Heijer appointed EVP of Air France-KLM Cargo
- EU reopens sky to Gabonese carriers
- Los Angeles and CMP join forces for green policy
- "Curiosity of the Day"
- Expanding services along the Kazakh transit corridor
- New managers for The London P&I Club's Hong Kong office
- Titan's third LNG bunker barge designed
- Solar-powered logistics centre in Dubai
- Air Serbia is back in Istanbul
|DECEMBER 10, 2019|
- Iceland set to join SECA regions, adding to pressure on carriers burning LSFO
- DFDS buys Dutch LTL haulage specialist Huisman Group
- Rising costs see African e-commerce pioneer Jumia retreat as losses mount
- Air freight: year of the (flying) pig turns into the year of the BSA time bomb
- Focus the key as FM Logistic eyes new opportunities in Vietnam
- Robots and drones are the cost-saving future for last-mile deliveries
- Laid-off Celadon staff lose health insurance and holiday pay
- M&A radar: Landstar System is still a (recycled) M&A Christmas gift
- M&A radar: DSV Panalpina - it's all about the money, stupid
|DECEMBER 10, 2019|
- TTB: What's involved in fitting an ASD tug with Tier 4?
A major focus at Marine Log's TTB (Tugs, Towboats & Barges) event will be on real-life lessons learned from practical experience. In one important presentation, Bisso Towing's John Davis and Caterpillar Marine
- VIDEO: Genting plans new series of 2,000 passenger, LNG-fueled cruise ships
Genting Hong Kong is planning to build a new series of 88,000 gt, 2,000 passenger, LNG-fueled Universal Class cruise ships that it would operate for hotel brands looking to enter the cruise
- Carl Bentzel sworn in as Federal Maritime Commissioner
A long-time prominent participant in Washington, D.C., maritime policy debates, Carl W. Bentzel, was yesterday sworn in to serve as a Commissioner of the Federal Maritime Commission for a term expiring June
- Crew members snatched from Ugland bulker are free
All nine crew members seized from the J.J. Ugland owned bulker Bonita on November 2 (see earlier story) have been released and are safe. J.J. Ugland reports that, late on Friday evening,
|DECEMBER 10, 2019|
- Plakiotakis urges faith in IMO
Greece still wants a pragmatic implementation of the global sulphur cap, but shipping minister portrays the IMO as the sole...
- Decarbonisation delay 'poses shipping's biggest threat'
Shell's vice-president of shipping and maritime Grahaeme Henderson says measures must be taken now to tackle greenhouse gas emissions rather...
- Has shipping taken its eye off the ball on safety?
Despite environmental issues taking precedence, steps are being taken to address some of the safety-related issues afflicting the shipping industry
- Globus Maritime cites negatives for dry bulk shipping
The company posted a small profit increase in the third quarter, thanks to higher freight rates and a gain on...
- Outlook offers few hopes for box shipping
Carriers could find more products to containerise, but only with even lower rates
- Ocean freight rates recovering on Asia-Oceania trade
Average 40ft container prices from Shanghai to Melbourne nearly trebled between May and November
- IMO 2020 transition faces obstacles to bunkering
Notwithstanding the added complexity the regulation presents to its bunker operations, Singapore will remain the preferred destination for refuelling of...
- Daily Briefing
Free to read: DVB quits shipping finance | MSC listed among Europe's top 10 polluters | Liquefaction experts join forces...
- Pipeline operators to develop VLCC-capable terminal off Texas
EPP and Enbridge are among eight companies seeking to build VLCC-capable offshore crude oil export terminals off the coasts of...
- MPA revokes IPP bunker supplier licence
The number of bunker operators has been dropping over the years in Singapore. This is the long-term result of its...
- Freeport LNG starts commercial operations in Texas
Freeport's three trains are expected to produce more than 15m tonnes a year of LNG, with a projected fourth train...
- China Merchants names new president
Hu said to be a strong contender for CMG's top seat as current chairman Li Jianhong is reaching his retirement...
- Top 10 in regulation 2019
Year after year, regulation is becoming an increasingly more important part of this industry. These are the 10 most significant...
|DECEMBER 10, 2019|
- Baltimore to begin upgrade for 14,000-TEU berth in Q1
- Startup offers a path through LA-LB chassis chaos
- APM Terminals chief: Port data sharing must advance
- Schenker turns to startup for liner schedule data
- Airlines losing safety net as forwarders slash contract volumes
- Carrier demand boosts low-sulfur fuel price in key ports
- India's private ports begin to feel pinch from trade headwinds
- SAP to integrate project44 road visibility in North America, Europe
|DECEMBER 10, 2019|
- Prima Marine tanker spending spree to continue in 2020
Thai shipowner said to have its eye on further VLCC tonnage as well as aframaxes and MRs
- More shareholders speak out on Brookfield-Teekay Offshore deal
More shareholders are speaking out against the Brookfield Business Partners' Teekay Offshore takeover attempt. In a letter to shareholders Monday, North Carolina's Massif Capital argued the Toronto private equity firm was "attempting to abscond with the company in a way they would not do if it were a large-cap company". "They are not doing anything illegal, but we are disappointed in how minorit
- Euroseas stock falls 20% following split announcement
Euroseas' stock has fallen significantly after the boxship owner said Monday that it would execute a 1-for-8 reverse stock split to remain a listed company. The Aristides Pittas-led company's board of directors will implement the split on 18 December to regain compliance with Nasdaq Capital Market's minimum $1 listing requirement. The shares, which declined $0.10 to close at $0.40 Tuesday, are s
- Delay in $50m Bow Jubail appeal
Gard has to wait until next year to find out which limitation of liability convention will apply to an 'estimated $50m in claims resulting from a 270-tonne bunker spill in Rotterdam. The ruling will determine how much Gard has to pay out, and is expected to set a legal precedent for the degree to which a tanker must be cargo-free before the bunker convention applies to fuel-'oil spills. Gard edg
- Brit taps new source of capital for Lloyd's of London syndicate
Some of the funds for speciality lines raised in 'innovative' package will find their way to insurer's marine cover
- Belships adds another two ultramaxes to its fleet
Since July, the Oslo-listed owner has added a total of six Japan-built ultramaxes to its fleet, almost all of which will arrive in 2020
- Monjasa opens up in Houston to supply LSFO
Danish bunker and tanker group establishes new US base with dedicated barge fleet
- Monte Nero buys third aframax tanker of 2019
Takes another tanker from International Seaways
- China showcases its shipbuilding power at Marintec
Newbuilding contract signing, new ship designs and debates on key topics in shipping all took centre stage at the event
- Controversial Daewoo founder Kim Woo-choong dies at 82
Tycoon built mighty conglomerate that collapsed under debt burden, leading to jail sentence
- Malaysia hunts renamed Kunlun Shipping VLCC
Maritime authority wants to detain former Ma Tian Zuo after it anchored without permission, then left
- Hermes Marine arrests Phoenix Tankers VLCC after failed sale
The VLCC Phoenix Vanguard has been under arrest at Sikka in India since 28 November
- Fears ease over fire on car carrier off France
Vessel back in service after scare
- Safety failings on Royal Caribbean cruiseship 'led to seafarer's death'
Bahamas investigation into fatality uncovers safety errors on Vision of the Seas
- Lomar finally gets the go-ahead for Kea Trader wreck removal
Local authorities give green light two years after containership hit the rocks in South Pacific
- Pirates free all nine JJ Ugland bulker crew
Hostages safe and well after 35 days in captivity
- Court refuses use of UK accident report in Norden grounding case
Justice Nigel Teare says admission of MAIB findings in arbitration hearing would prejudice future investigations
- Havila becomes majority shareholder in ferry firm Fjord1
The Saevik family has completed a bid to take control of the ferry operator whose newbuildings caused one of its shipyards to sustain massive losses
- EU 'to launch full probe' into Hyundai Heavy/DSME merger
Sources tell Reuters that investigation will begin next week as concerns remain
- Derivatives gain edges up profit at Globus Maritime
Greek bulker owner sees rates dip in third quarter as spike proves short-lived
- Oldendorff throws its weight behind Getting to Zero Coalition
German bulker owner joins alliance of more than 100 companies in maritime sector
- Hyundai Mipo adds two more LPG carriers to orderbook
Yard on a roll as Asian owner puts pen to paper for gas vessels
- NYK B&P unloads handymax bulker onto Vietnamese owners
Older bulkers still popular with South East Asian buyers
- Energy majors sing merits of LNG bunkering to wider industry
LNG could supply up to 10% of the marine bunkering market as more companies wake up to its potential, according to French energy major Total. Total inks second LNGBV with MOL for CMA CGM boxships Xavier Pfeuty, general manager of LNG at Total, told the CWC World LNG Summit in Rome that his company sees the volume of LNG used for marine bunkers climbing to 10 million tonnes per annum by 2025 and
- Methane emissions permeate through to LNG growth story
Cost and efficiency savings needed from liquefaction to shipping and downstream as demand growth-carbon reduction dilemma intensifies
- Cheniere locks in 12 newbuilds on long-term charters
Company will use additional vessels to service customers under new contract types as it evolves business model
- Shell linked to Asian shipowner trio for LNG newbuildings
Sources point to players in final frame to provide eight ships, which could double as major also pursues existing tonnage
- Antwerp crane collapses after being hit by APL boxship
No injuries reported in incident at DP World terminal on Monday afternoon
- Royal Caribbean in deadly volcano tragedy
Volcanic eruption off New Zealand coast claims lives of cruise passengers
- Growing Russian Asian exports good for afras, bad for VLs
China destination for 77% of the total shipments from Kuzmino this year, says Banchero Costa
- Singapore revokes licence of bunker supplier over alleged scam
Maritime regulator says company has failed to meet the terms and conditions of its licence
|DECEMBER 10, 2019|
- Landstar ends sour 2019 on high, announces $2 special dividend
Landstar's strong cash flow generation and enviable balance sheet allow it to pay large special dividends even in down market years.
- Canadian carriers court drivers from bankrupt Celadon's Hyndman Transport
While trucking companies stand to gain from a competitor's collapse, they lament the loss of an industry stalwart.
- A. Duie Pyle prospers by staying close to home
It's taken nearly a year for someone to publicly acknowledge that their company has benefited from the February bankruptcy and subsequent shutdown of less-than-truckload (LTL)...
- Should dogs ride shotgun? Transportation lawyer Cassandra Gaines speaks on the pet debate
A plaintiff's attorney in the case of a vehicular accident may sic the trucking company for allowing Fido to ride along.
- Bankrupt Celadon's Mexican carrier Jaguar Transportation reportedly halts services
Mexican carrier Jaguar Transportation stopped its trucking services this morning (Dec. 10) and could be shutting down as part of Celadon's Chapter 11 filing Dec....
- Union Pacific shuffles sales and marketing groupings
The railroad will consolidate business segments to three groups from four to better adapt to market conditions.
- Truck maker Paccar issues special $2.30-per-share dividend
Just in time for the holidays, Paccar declared a special dividend of $2.30 a share for stockholders of record by Dec. 20.
- Universal Intermodal drivers at LA, Long Beach ports vote to join Teamsters
The union drive marks the seventh company at the San Pedro ports to employ workers represented by the Teamsters.
- Trucking faces 'messy middle' on road to electrification
The electrification of commercial trucks is edging closer but the industry first must go through a "messy middle" that sorts out the future of diesel...
- Q&A: Scorpio's Bugbee on 'Prexit,' 2020 outlook and stock rebound
An exclusive interview with Scorpio President Robert Bugbee on shipping stocks and what lies ahead.
- Cass partners helping enhance industry analysis
Cass announces two new partnerships designed to enhance the reporting and data methodology of its Cass Transportation Indexes.
- Freight Futures daily curve: 12/10
Trucking Freight Futures were quiet on Monday with the LAX to SEA lane in focus.
- Federal agency approves permit to transport liquefied natural gas via rail
The approval comes amid some objection by Congressional Democrats and a wider proposed rulemaking on the same issue.
- Warehousing employment stalled in 2019. Why?
Warehousing employment grew at an 8% CAGR from 2011-8, but slowed to 2.7% this year.
- Wintry weather to hit several southern states (with forecast video)
Rain to snow transition through tonight across parts of the Southeast.
- Walmart testing driverless grocery delivery
Walmart seeks to bolster its online grocery business through autonomous home delivery.
- US advances new trade agreement with Mexico and Canada
Rep. Richard Neal, chairman of the House Ways and Means Committee, calls USMCA "a triumph for workers across America."
- Why Celadon is filing Chapter 11 instead of Chapter 7
Last Friday, December 6, FreightWaves reported that Celadon intended to file Chapter 11 bankruptcy and now the company has made it official. On the surface,...
- Volvo Trucks creates electric-powered construction concepts for Europe
Volvo Trucks is building on sales of electric trucks for urban transport in Europe with battery-electric concepts for construction and regional distribution.
- Today's Pickup: Safe parking available through TruckPark, Dock411 collaboration
Truck parking reservations are now available through popular facility rating app Dock411, plus, more on the Celadon closure, drone safety a focus of working group...
- Data cleansing key to optimizing logistics
A company's journey to improving freight payments yields broader insights about the value of data quality.
- Butter in tow, Plus.ai completes cross-country commercial freight run
The self-driving truck startup hauled tubs of Land O'Lakes butter from Tulare, California, to Quakertown, Pennsylvania.
- FreightWaves creates free job board to help impacted Celadon employees (with video)
The sudden closure of Celadon has left thousands of lives impacted. To help those employees find work, FreightWaves has created a free job board where...
- Bentzel sworn in at Federal Maritime Commission
Longtime Capitol Hill legislative counsel and policy consultant completes the five-person commission.
- Grounded no more: The logistics of aircraft maintenance
The delay of aircraft components and replacement parts can mean tens of thousands of dollars in losses for airlines waiting to make necessary repairs, which...
- Germany's €500 million cathode factory to boost European electric battery production
German-based chemical company BASF has reportedly planned to build a cathode factory in the state of Brandenburg, Germany, catering materials for electric car battery production.
- Flexport rolled out Platform 2.0, new services in 2019
The fast growing forwarder Flexport was awarded sixth place in FreightWaves 2020 FreightTech 25 competition.
- Trucks the 'weakest link' as cargo thefts soar
Losses in Europe are estimated to now be costing businesses billions of euros a year.
- Mobility-as-a-service is easier and cheaper than owning a vehicle
Urban spaces are now seeing a trend where commuters are seeing sense in moving away from the concept of owning a vehicle for transit to...
|DECEMBER 10, 2019|
- External: Global Risk Management
- LNG tanker loading at Elba as terminal prepares for first export: source
The LNG tanker Maran Gas Lindos moored to a jetty at Elba over the weekend and remained docked there on Monday afternoon.
- INTERVIEW: Idemitsu to boost N America oil products sales from Vancouver -- president
"We have a fairly large petroleum wholesale business selling about 4 million kiloliters [25.16 million barrels/year]," Kito said.
- MSC starts using biofuel blends for bunkering as shipping rules loom
In its compliance strategy, MSC will combine the use of EGCS, conventional low-sulfur fuel and biofuels, it said.