|SEPTEMBER 12, 2019|
- US retail imports surge again ahead of more tariffs as inventories soar
- ICTSI Ecuador launches first-ever transport banana insurance scheme
- US Commerce data shows a strong economy just as Trump promised
- USCG rescues remaining three crewmen from car carrier off Georgia
- Scores of containers overboard when 2,470-TEUer lists off Zhoushan
- Ban on exporting of hazmat waste to developing countries goes into law
- SITC buys 1,700-TEU Stellar Windsor from Laurus for US$8 million
- Governments need to do more to enforce regulatory compliance: Insurers
- OOCL wins the Singapore Regional Environmental Achievement Award
- Navtor and ScanReach connect ship and shore data in unique system
- British Airways pilots' strike enters 2nd day as IAG labour woes spread
- Yamaha Motors joins Astral Aerial to promote helicopter drones in Kenya
- Korean Air Cargo expands freighter net, shifts production to SE Asia
- Russia-connected CargoLogic Germany gains air operator licence in Europe
|SEPTEMBER 11, 2019|
- Chennai Custom Brokers' Association elects office-bearers for 2019-21
- Cochin Shipyard to build hybrid vessels for Kochi Metro
- IMO focusing on safe handling of bulk cargoes
- India & Russia to explore connectivity between Chennai & Vladivostok
- Schenker India launches Connect 4.0 for a streamlined global shipping experience
- Shanghai Shipping Exchange & CargoSmart join forces to establish a new shipping index
- Chinese Taipei initiates WTO dispute complaint against Indian tech tariffs
- Import policy revised for 215 iron, steel products, says DGFT notification
- Prime Minister to inaugurate India's second riverine multimodal terminal at Sahibganj on Sept. 12
- VOC Port achieves 31 pc cargo handling growth in Aug. 2019
- India & ADB sign $200 m loan to improve rural road connectivity in Maharashtra
- Subhash Desai to grace MALA 2019 as Chief Guest
|SEPTEMBER 12, 2019|
- An American in Europe
- Increasing the number of freight trains within Belgium
- Liquid gas replaces diesel for port vehicles
- Bastiaan de Bruijne appointed general counsel at ACI Europe
- Another Anglo-French sea service launched
- Kerry Logistics gives two sea lions a lift to China
- Saudia Cargo extends multi-station contract with WFS
- Changes in Finnlines' management
- Kontainers and Ceva sign contract
- New intermodal hub in Texas for Watco's short line
- New global shipping index on the agenda
- Japanese drones to work in Kenya
- "Curiosity of the Day"
- Rich Corrado is elected president of ATSG
- Logipower takes over staff coordination for Musashi
- The champions of Eurasian road transport are crowned
- Yang Ming satisfied with new express service
- Opening a new cargo facility in South Carolina
|SEPTEMBER 11, 2019|
- Major cuts and job losses could be on the cards at DB Cargo
- With no slots, Kalitta Air may be forced to end 15-year residency at Schiphol
- Business leaders upbeat on shipping's future, but 'go digital' is the message
- US retailers continue to scramble to bring goods in to beat new tariffs
- Analysis: CMA CGM's tightening liquidity signals rising default risk
- Amazon's 'market power' probed by US antitrust officials
- New appointments complete a 'strong leadership team' at Delta Cargo
- M&A radar: DSV Panalpina - bits and pieces after 'the biggest dip on red day'
- On the wires: Tech-driven CH Robinson gets a boost - how come?
|SEPTEMBER 11, 2019|
- USCG Marine Board of Investigation to probe deadly dive boat fire
The Coast Guard assistant commandant for prevention policy, Rear Adm. Richard Timme, announced Wednesday that he has convened a formal Marine Board of Investigation (MBI) to investigate the loss of the small
- Great Lakes Dredge books contracts work $141 million
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) reports that he has been awarded several major dredging contracts totaling $141 million. The awarded work includes: Jacksonville Deepening Contract B Option (Capital Deepening, Florida,
- ABB solution means Corsica Linea ferries will berth emissions-free in Marseille
Three Corsica Linea ferries will cut emissions and noise pollution when berthed in the Port of Marseille, France. The three - Paglia Orba, Jean Nicoli and Pascal Paoli - are being modified
- Does the U.K. need a "shipping czar?"
Though the U.K. has long claimed a global lead in the provision of professional maritime services, it faces increasing competition from Singapore, the U.S., China and Norway. A new report from trade
- Fortescue takes delivery of Schottel equipped Rotortug sextet
The Damen Song Cam shipyard has delivered six Robert Allan-designed ART 85-32W Rotortugs to Perth, Australia, based Fortescue Metals Group (Fortescue). The advanced tugboats - FMG Dusky, FMG Tawny, FMG Spinner, "FMG
|SEPTEMBER 11, 2019|
- The Lloyd's List Podcast: LISW Day 3 - The cost of zero-carbon shipping
How do we fund zero-carbon shipping and accelerate it beyond the current IMO targets? Double freight rates and use the...
- Carbon fund and cargo collaboration can fund zero-emission shipping
Tovald Klaveness chief Lasse Kristoffersen believes shipping should create a $20bn carbon fund modelled on Norway's NOx fund to plough...
- Hydrogen will not drive emissions reduction, DNV GL warns
LNG as a fuel could take up over 40% and ammonia 25% of marine fuel market in 2050, according to...
- Zero-carbon shipping to double freight costs
Shipping is one of the most expensive sectors of the economy to decarbonise, says the chair of the UK's Energy...
- Owners should watch media coverage of sanctioned countries, lawyer advises
'One of the things you can say about Trump is that he is pretty open about everything he doesn't like...
- IMO 2020 refining gains to give way as economies slow
David Fyfe of Argus Media says that while IMO 2020 is supposed to fuel a bull run for refiners' yield...
- Government says Brexit is 'opportunity' for UK maritime
Maritime UK chairman Harry Theochari says Britain's shipping sector has survived other periods of disruption and will survive Brexit
- US box imports surge ahead of tariffs
Retailers are attempting to minimise the impact of the US-China trade war on consumers by boosting stocks before each new...
- Shipping's green road is littered with regulatory hurdles
Partners at shipping law firm fill audience in on technology, regulations and practicalities of meeting new responsibilities to the planet
- Hapag-Lloyd adds online marine insurance
Quick Cargo Insurance product will provide tailor-made cover that takes effect immediately upon conclusion of the contract
- P&O to launch new cross-Channel freight service
New ferry service is designed to bring fresh produce to the UK's southeast with shorter road haulage distances
- CEBR says maritime sector contributes $57bn to UK economy
New report shows that as well as direct contributions from the sector, shipping provides a multiplier effect to the wider...
- Japanese refiner Cosmo Oil sees scrubbers as viable mid-term option
According to general manager Mitsuyasu Kawaguchi, about 2,800-4,000 scrubber installations are expected by January 2020
- Daily Briefing
Owners open to fuel carbon pricing to curb emissions | Shell urged to share GHG emission savings | Former UK...
- Piracy problem is a threat to Nigeria's maritime economy
Nigeria would welcome a naval coalition in the Gulf of Guinea as part of efforts to stem the piracy tide...
- Indian oil refineries to supply IMO 2020 compliant fuels by October
IOC's Gujarat and Haldia refineries are set to produce 700,000 tonnes and 300,000 tonnes per year respectively of low sulphur...
- Torm claims scrubber investments can help boost green credentials
Torm has invested in installing scrubbers on board 34 tankers out of its 82-strong fleet
- UK summons Iranian ambassador over oil sale
The oil sale has been called out as part of a pattern of behaviour by Iran's government designed to disrupt...
- Evergreen scraps chartering plan and orders ten 23,000 teu newbuilds
Taiwanese carrier is said to be in talks with lenders, including the large bank-backed Chinese leasing houses, to finance the...
|SEPTEMBER 11, 2019|
- Jones Act hampers US offshore wind projects
- UHL, Ocean7 team up amid strengthening MPV/HL market
- US surface indices falling, but positive signs emerge
- M&A signals a healthier heavy transport sector
- Change resistance hindering digitization in project logistics
- New financing terms clear way for changes at YRC
- Carriers in no rush to make low-sulfur switch
- Tech providers urge broader vision for 'visibility'
- Long Beach exceeding emissions reduction goals
- Asia-Europe ocean capacity cuts come under fire
- US intermodal poised for a rebound?
|SEPTEMBER 11, 2019|
- AM Nomikos lifts fleet size with South Korean supramax pair
Greek company resumes expansion with pair from SK Shipping
- Chengxi plots course into gas carriers and dual-fuel vessels
Bulker specialist Chengxi has emerged as a prospective builder of a first LPG carrier and added a pair of self-unloaders
- Tallink sails to Singapore with plans to expand in the region
Senior executive Taavi Tiivel to be based in the city-state to explore opportunities in Asia for the Estonian ferry company
- Chevron time charters Sun Enterprises' aframax newbuilds
US oil major also adds one MR product tanker newbuilding to existing order at Hyundai Mipo
- Chinese Maritime Transport poaches OOCL fleet management boss
Taiwanese capesize owner has new president in wake of Cosco's OOCL takeover
- Turkey's Arkas Holding clinches Chinese financing agreement
Deal with Minsheng Financial Leasing underlines growing Chinese financing for Turkish shipping
- DNV GL predicts nearly 40% growth in shipping demand by 2050
While coal and crude shipping demand is expected to fall amid energy transition, the classification society forecasts strong growth in LNG trade
- Decision day for Worldscale looms to set 2020 bunker prices
Tanker freight rate association has lacked real data to cost-in low-sulphur fuels amid fears of losses for owners if prices surge as forecast in next few months
- Paschalis Diamantides linked to new outfit Velos Tankers
Paschalis Diamantides, the son of major Greek shipowner Diamantis Diamantides, is believed to be behind Velos Tankers, a new company said to have two tanker acquisitions under its belt. Paschalis has so far been known as an executive at his father's companies Marmaras Navigation and Delta Tankers. Last November, it was Paschalis who announced the two companies' decision to order 10 scrubber syste
- Director of Maritime swaps Westminster chaos for City calm
UK's maritime director comes to London International Shipping Week for light relief in time of political turmoil
- John Fredriksen makes a profit on sale of panamax bulker
Private fleet also includes newcastlemaxes but Norwegian shipowner is undecided on future sales
- SunStone Ship's first Infinity cruiseship comes sailing in
China Merchants Heavy delivers first Chinese-built expedition cruiseship ahead of schedule
- Sixth car carrier accident of 2019 prompts urgent safety questions
Latest loss raises serious concerns over fires and capsizes after expensive run of incidents this year
- DNV GL: LNG will be top marine fuel by 2050 as ammonia beats hydrogen
One needs to be "nearly crazy" to predict wide adoption of hydrogen in the short run, says DNV GL's maritime chief executive Knut Orbeck-Nilssen
- DryShips legal foes dispute weight of Top Ships ruling
Judge's rejection of securities fraud allegations looms over parallel case against Greek owner and Kalani Investments
- Top Ships prices $10m share offering
Top Ships has raised $9.95m after selling 1.58 million shares at $6.30 each. The pricing reflects a 28% discount from Top's previous closing price of $8.74. The $9.95m is a gross sum before underwriting discounts, commissions and offering expenses. Each share will be sold with one warrant to allow the purchaser to buy the unit at $8.19 per share by 31 December. The buyer may also acquire the sh
- Top Ships still answering queries in US SEC probe over Kalani
As Evangelos Pistiolis' company seeks new money from US investors, it is still answering questions from securities regulators over past raises
- US ethane exports wave nudges Ineos further into the public eye
Privately owned Ineos has kept a low profile, but that probably will not last
- Pacific Green Technologies hires ex-broker to sell scrubbers
Former SSY, Skaarup Chartering and Torvald Klaveness executive joins expanding Oslo sales office
- George Economou paying 21% discount to NAV for DryShips shares
Investment advisor says $5.25 price to public shareholders nonetheless is 'fair' and in line with expectations on economic basis
- GasLog sees LNG carrier newbuilding prices rising
Company says 2050 emissions targets will shorten ships' useful life, pushing up financing costs and charter rates
- Bulker captain dies as mooring line snaps
Report says master killed on vessel in port of Ilo, Peru.
- Three more Dof Subsea directors quit
Norwegian OSV owner names two replacements as FRC appointees depart.
- Baltic Exchange launches operating costs index
UK organisation will cover bulkers initially, before widening scope of new tool.
- Small LNG producer NorthStar Midstream plans raft of vessels
Company aims to build on first order for an LNG bunker barge and become a first Jones Act mover
- Navig8 Chemical cuts loss as revenue rises
Norway-listed tanker owner keeps lid on operating costs but finance expenses rise.
- ICBC finance exec seeks to strengthen post-Brexit UK ties
Wang Zhenyong, deputy chief executive of lease financing at ICBC Leasing, said he is hoping to build on the Chinese bank's already strong relationship with the City of London post-Brexit. Speaking at the Chinese Shipping Association of London (CSAL) event during London International Shipping Week (LISW) he described the UK as a "key partner" in China's belt and road initiative. "In the shipping
- Britannia P&I bullish as S&P reaffirms 'A' credit rating
London-based P&I mutual buoyed by 'financial snapshot' as pressure mounts on peers
- Shipping can go even further on emissions cuts, green groups say
Shipping can have zero carbon emissions by 2050, as long as the IMO leads the way
- Iran: Adrian Darya 1 sold oil at sea to private company
Envoy to London says country has not broken assurances over Syrian discharge.
- GasLog calls on charterers and owners to seek best-quality deals
Peter Livanos-led company rebrands as it looks to a new era for LNG shipping
- Nasdaq questions Performance's performance
Greek boxship owner told to boost share price after falling below $1.
- Kmarin adds two more VLOC newbuildings at Yangzijiang Shipbuilding
South Korean operator has taken two options at around $75m apiece to add to its two firm vessels against a contract from Vale
- POSH forges management alliance with CIMC
OSV owner agrees deal with partner for semi-submersible unit as first step
- Traditional panamax boxship values predicted 'to rise 50%'
Post-panamax boxships are the star performer but mid-sized boxship might be the ones to back
- Heavy-lift duo UHL and Ocean7 joining forces
German and Danish operators opening office in Bergen together, with more to come.
- Venture unveils plans to tackle tainted fuel ahead of IMO 2020
Insurers hear how tagging and blockchain technology can reduce fuel contamination incidents and claims costs
- Hybrid cruiseship completes first Arctic crossing
Hurtigruten hails voyage of Roald Amundsen through Northwest Passage.
- New lease accounting rules boost carriers' margins
IFRS 16 standard has improved container lines' results, but increased debt.
- Anthony Veder beats a forward path on LNG bunkering
Chief executive Jan Valkier tells shipowners to get onboard and look at their carbon footprint if they want to survive
- Owners dive into Tankers International's new VLCC scrubber pool
Hunter, Hartree and others commit vessels to pioneering venture.
- Loaded bulker burns off Turkey
Kiran Holding ship hit by blaze in Iskenderun.
- Yards and owners jostle for Ineos' VLEC newbuildings
Large vessels will be used to ship US ethane to new facility near Antwerp in Belgium
- China-to-US box rates spike as demand for Asia-to-Europe trade falls
Transpacific rates are surging, but Asia-Europe trade is looking wobbly again
- Tufton Oceanic plots new share sale for ship buys
UK owner going to the investor well again as it seeks further expansion.
- Gibraltar: Syria discharge would render Iran's word worthless
UK territory awaiting confirmation that Adrian Darya 1 has breached EU sanctions.
- LNG newbuilding demand shifts towards project tenders
Will independent owners end up competing for berth space with heavyweight charterers who are looking to secure bulk buys?
- Teekay Offshore exercises shuttle tanker newbuild option
DP2-rated vessel will join existing Heritage class shuttle tankers working off Canada
- Indonesian nickel ore export ban set to hurt supramax trade
Switch to refined nickel will mean greatly reduced export volumes for the bulker sector, says Banchero Costa
- TS Lines reaps exchange rate windfall on Wenchong feeders
Taiwanese liner operator is said to have saved up to $3m per ship by pushing deal into 2019
- MISC gearing up for newbuilding order splurge
Malaysian owner preparing for new growth phase, leading to potential multiple contract wins
|SEPTEMBER 11, 2019|
- Landstar guides lower due to 'tragic accident' and unfavorable market conditions
Landstar System warns on earnings due to a "tragic vehicular accident" and weaker than anticipated market conditions.
- Trump announces two-week delay to planned China tariff increase
The announcement comes after Beijing announced its first round of tariff exemptions for U.S. goods earlier in the day.
- Turbo-prop cargo plane crashes in Toledo, Ohio
A Convair CV-440 cargo plane crashed outside Toledo Express Airport in Ohio Wednesday (Sept. 11) morning, killing the two people on board, according to the...
- Fake NBA rings intercepted at L.A. airport cargo facility
U.S. Customs officers at Los Angeles International Airport recently confiscated 28 counterfeit National Basketball Association championship rings with a retail value of $560,000, the agency...
- Ships allowed to leave Port of Brunswick
Two ships trapped in the Port of Brunswick since September 8 when the vehicle carrier Golden Ray capsized, have been allowed to leave, a prelude...
- DHL Supply Chain becomes first 3PL to partner with Convoy
DHL Supply Chain partners with load-matching platform Convoy, becoming the first 3PL to do so
- 5G technology could dial back precision hurricane tracking
"If there are 5G signals operating where we are trying to sense the atmosphere it makes it more complicated to use the good observations, the...
- 'When rates really suck and drivers take it on the chin'
A conversation about the future of autonomous trucking with pro-labor author and sociologist Steve Viscelli.
- 'Fuller Speed Ahead' spotlights Colombian nearshoring benefits
Colombian nearshoring may be beneficial to those in the transportation and logistics industries.
- Percentage of carriers still running AOBRDs could be higher than expected
The three-week moving average of surveyed carriers reporting ELD compliance dropped to just 89.1%.
- U.S. rail volumes still sluggish
U.S. rail volumes are down nearly 4% year-to-date amid a 6.6% decline for coal and a 4% drop for intermodal.
- UBS analyst likes C.H. Robinson's new technology
CHRW is facing the toughest competitive landscape in decades, but still has a scale advantage and is investing in tech appropriately.
- Boeing chief sees US-China trade war as sales risk for big jets
Boeing Chairman and CEO Dennis Muilenburg on Wednesday expressed confidence the company would quickly overcome recent troubles with its new 737 MAX and 777X airplanes,...
- Hours of service and the Alaska exemption
Not many people are aware of this, but Alaska received a special exemption from the HOS regulations.
- Delta Cargo brings on new senior leadership
Delta Cargo taps three new leaders to help oversee operations, strategy and revenue.
- European automakers to concentrate on affordable, sustainable mobility
The European Automobile Manufacturers' Association explained its goals towards the future, which involve the creation of a comprehensive plan to enable zero-emission mobility across Europe.
- Freight Futures daily curve: 9/11
Futures prices being driven by shifting freight flows to the East
- AB5 passage upends California's independent trucking model
Bill approved in state senate with no carve-out for owner-operators
- Shipping coalition takes aim at IMO 2020 fuel preparations
BIMCO, ICS, INTERCARGO and INTERTANKO call on charterers, bunker suppliers and nation states to "double their efforts" to ensure a smooth transition to low-sulfur fuel.
- Shippers press Congress to reauthorize Ex-Im Bank
The National Association of Manufacturers wants Capitol Hill lawmakers to pass another long-term extension of the bank's charter before its Sept. 30 expiration.
- Why digital freight brokers might fail to disrupt the freight brokerage industry
Brian Laung Aoaeh discusses innovation, technology, and disruption in the freight brokerage market.
- YRC's new financing is part of its latest restructuring
YRC Worldwide announces new debt financing agreement. The latest step in it's latest restructuring.
- Uber and Lyft hold their breath in the wake of California bill
Barclays and Macquarie estimated that the companies will spend an extra $2,000 to $3,600 per driver annually.
- Ocean Rate Report: Jitters for bulkers, steady for boxes
Dry bulk spot rates have pulled back from recent highs, while trans-Pacific container rates have held their gains.
- Flooding, severe storms, snow to hit Great Plains (forecast video)
Heavy rain, intense thunderstorms, early-season snow could all delay truckers in several states today, tonight.
- Sticks and carrots drive heavy-duty electric truck adoption
Greenhouse gas regulations are the sticks and incentives are the carrots in driving the heavy-duty truck and commercial vehicle industry to embrace electrification.
- Shipping cyber terrorism threat heightened by digitalization
Future attacks could be far worse than the $10 billion 'NotPetya' attack in 2017 that hobbled Maersk and cost FedEx $300 million.
- Rivals, shareholders make bids for bankrupt Aigle Azur
France's second-largest airline suspended flights Sept. 6.
- Cathay Pacific cargo sector takes hit from Hong Kong protests
Cathay Pacific saw double-digit drops in both tonnes of cargo carried and cargo and mail revenue freight tonne kilometres.
- Today's Pickup: Idaho prosecutor drops drug trafficking charges against truck driver hauling hemp
Plus: Ride-hailing, trucking companies await likely final passage of California labor bill
- Federal labor board ruling seen as win for LTL employers
Decision could make it easier for employers to make unilateral work-rule changes
- Solving the jigsaw puzzle of filling aircraft with freight
Airlines use a lot of skills to maximize freighter and wide-body space for cargo
- 7-minute, high-impact demos return for FreightWaves LIVE Chicago
7-minute company demos will garner a lot of attention at the upcoming FreightWaves LIVE Chicago conference, November 12-13.
|SEPTEMBER 11, 2019|
- Singapore HSFO backwardation, cash differential hit record high on prompt demand
The Singapore 380 CST high sulfur fuel oil market in a display of strength hit record highs for both the cash differential and front-month backwardation spread on Tuesday, driven up by limited supply and prompt demand.
- Rotterdam bunker market sees tight HSFO availability ahead of IMO 2020
Dwindling production of 3.5% sulfur fuel oil is curbing supply for the Rotterdam bunker market and supporting cargo differentials as refiners prepare for the looming 0.5% sulfur fuel cap despite residual demand for 3.5% product.
- FUTURES 5: Oil complex settles lower on talk of easing sanctions, distillate stock build
The oil futures complex settled lower Wednesday on a larger-than-expected build in US distillate inventories, and on a news report that US President Donald Trump had talked about easing sanctions on Iran prior to firing John Bolton, who was his National Security Advisor at the time.
- APPEC INTERVIEW: Trafigura sees oil slump to $50/b unless OPEC cuts deeper
"I think OPEC has been pretty good but...I think they need to do more than they are currently rather than less," Luckock said.
- SUBSCRIBER NOTE: Platts proposes LNG FOB Gulf Coast Marker (GCM) assessment standard terms
These terms would form the basis of the GCM assessment, and are being proposed on the back of initial feedback provided by market participants.