|DECEMBER 12, 2019|
- Agreement reached on Nafta trade deal replacement
- OOCL cancels Asia-Europe round-trip sailings due to insufficient demand
- DVB Bank withdraws from ship financing
- APL container ship crashes into port of Antwerp crane
- US retail imports surge in November to beat December's proposed tariffs
- Puerto Aguadulce welcomes Colombia's largest box ship, 14,436-TEU MSC Faith
- RZD successfully uses trans-Siberian in Japan-Europe shipment
- Logistics brands are named top customer experience performers in Hong Kong
- UPS plans US$110m expansion at Anchorage airport
- Nippon Express gets GDP certification at Hyderabad Airport complex
- Airline fuel cost and consumption data shows slight MoM increase in October
|DECEMBER 11, 2019|
- Fighting corruption through collaboration in shipping
- Indian shrimp looks to China for demand growth as US import is seen slowing
- Green Gothenburg Gateway launched
- New low-sulphur bunker oil popular in Rotterdam
- CCI approves acquisition of stake in Future Supply by Nippon Express
- Steps being taken to ensure competitiveness of rail in freight transportation
- Construction of cold storages
- Corporate tax rate cut will make India a global manufacturing hub by boosting new investments, says Finance Minister
- Exports sought to be boosted through preferential & free trade agreements, says Minister
- Goldman lowers GDP to 5.3 pc in FY 20, but predicts 8.5 pc gain in equity indices
- Goods & Services Tax refund
- WTO members agree to extend e-commerce, non-violation moratoriums
|DECEMBER 12, 2019|
- Oil prospector banks on Bourbon
- New boost for rail logistics
- Successful feasibility test on French waterways
- Is DB Cargo facing radical restructuring?
- Arcbest board director to retire and new member added
- Authorities support Hong Kong's cargo hub status
- Kerry Logistics opens new office in Bahrain
- Hapag-Lloyd enlarges its digital customer offerings
- Geodis will distribute US-made hockey sticks in Europe
- Scannell Properties strengthens European team
- Panattoni hands over facility to dadada
- Aegean's second new Cyprus route
- Many trucks held up at borders every day
- First flight of a commercial electric airplane
- Allcargo buys majority share in Gati
- "Curiosity of the Day"
- New fork lifts for peak season
- Gothenburg declares war on carbon
- World heritage in Hamburg goes climate neutral
|DECEMBER 11, 2019|
- Are carriers boosting low-sulphur fuel surcharges to make up for low rates?
- New EC president unveils Green Deal: how to make Europe climate-neutral by 2050
- Cathay Pacific Cargo cuts prices as air cargo flies into a soft new year
- WiseTech Global snaps up South Korean customs software provider Ready Korea
- Biofuels may provide a good start for shipping in its quest to cut emissions
- WISTA: diversity is key to unlocking maritime sustainability
|DECEMBER 11, 2019|
- Iridium announces GMDSS launch partners
Satellite communications service provider Iridium Communications Inc. (NASDAQ: IRDM) has announced the first seven companies it has authorized to provide its Global Maritime Distress and Safety System (GMDSS) services, planned for commercial
- OSG and AMSC extend Jones Act tanker charters
Overseas Shipholding Group, Inc. (NYSE: OSG) and American Shipping Company ASA (Oslo Stock Exchange: AMSC) (OTCQX: ASCJF) today jointly announced that OSG has exercised options to extend its bareboat charter agreements with
- Q-LNG's Chad Verret joins TTB speaker line-up
A new breed of cutting-edge Jones Act LNG bunkering vessels is under development and Marine Log's TTB event will include a presentation by Chad Verret, President of Q-LNG Transport, which is building
- ABS publishes guidance on fuel cells
Classification society ABS has published its Guide for Fuel Cell Power Systems for Marine and Offshore Applications to support the design, evaluation, and construction of fuel cell systems on vessels and offshore
- Corvus Energy gets R&D funding for next-gen marine vessel tech
Corvus Energy is to receive funding of up to C$6 million (about US$4.5 million) from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to support a research and
- Viking Line says Climeon system will bring major CO2 emissions cuts
Finland's Viking Line has released some more details on the Climeon Heat Power System that will be installed in its newbuild cruise ferry, the 63,000 gt M/S Viking Glory, currently under construction
- Biblia Marine to add 500-ton floating dry dock
Mystic, Conn., based JMS Naval Architects is designing a 500-ton lift capacity floating dry dock for Biblia Marine Towing and Transportation of Savannah, Ga. With its fleet of tugs and barges, Biblia
- Seabulk Towing orders four harbor tugs at Master Boat Builders
Seabulk Towing Holdings Inc. a subsidiary of SEACOR Holdings Inc. (NYSE: CKH) reports that it has contracted with Bayou La Batre, Ala., based Master Boat Builders, Inc. for the construction of four
|DECEMBER 11, 2019|
- Awards night sees Greek shipping alive with the possibilities of the new
Surprising number of awards this won by relatively new companies, albeit driven by well-experienced teams
- European Commission unveils plan to regulate shipping emissions
The new European Commission president launches an official push to include the maritime sector in the Emissions Trading System
- Lloyd's List Europe Awards 2019 winners revealed
We reveal the rundown of shipping companies and individuals who walked away with gongs from this year's Lloyd's List Europe...
- Trafigura expects strong performance from mining and shipping in 2020
Trafigura, which saw trading volumes increase in the oil and products sector, recorded a gain of $201m from its tanker...
- VLCC hijack highlights growing Gulf of Guinea security concerns
Attack signals that security and hardening measures are needed for all types of ships up to 100 nautical miles out...
- Time to collaborate or risk obsolescence
Celebrating excellence in shipping has value, but to capture this potential, and not simply fall victim to the emerging changes...
- Boxship owners in race for scrubber retrofits
Costs rise for scrubber retrofits as the increasing spread between low-sulphur and high-sulphur fuel looks set to reduce payback time
- Saudis in tender for first ships to feed LNG ambition
Aramco and Bahri are moving fast to lock in tonnage available in the current market though the tender may well...
- Daily Briefing
Free to read: Decarbonisation delay 'poses shipping's biggest threat' | IMO 2020 transition faces obstacles to bunkering | Outlook offers...
- Chevron to exit Kitimat LNG project in British Columbia
Chevron's decision concerning Kitimat LNG came as the firm said it was cutting the value of a number of properties, notably its US...
- Chile's electrofuel push to unleash over $90bn investments
EDF-backed study estimated adopting green hydrogen and ammonia as ship fuels can generate, respectively, up to $80bn and $95bn in...
- Closure of Indian mines to drive new demand for iron ore trade
India will have to import at least 10m tonnes of iron ore next year to meet its domestic demand
- Top 10 in ship finance 2019
As part of our 2019 Top 100 most influential people in shipping series, we look at the prominent rivals in...
|DECEMBER 11, 2019|
- ODFL looks for added value in ELDs as final deadline looms
- Terminal automation will progress, slowly: analyst
- Europe's Green Deal wants shipping included in emissions trading
- Special report: Breakbulk chartering and the art of project forwarding
- Alphaliner raises alarm over possible overcharging on low-sulfur fees
- Gary Cohn to deliver TPM20 keynote address
- Startups partner to automate global cold chain
|DECEMBER 11, 2019|
- OSG extends four American Shipping Company tankers
Overseas Shipholding Group (OSG) will hang on to a quartet of American Shipping Company tankers for another three years. OSG, the New York-listed Jones Act player, said the deals tack another three years onto the back of charters ending next December, keeping them under control until December 2023. AMSC: Jones Act tanker market tightens as activity rises "The decision to further extend the matu
- Ritz-Carlton Yacht Collection leads rescue of struggling Barreras yard
New management forms part of deal with shareholders to recapitalise Spanish shipbuilder
- Bouchard Transportation faces $2.2m barrage of lawsuits over bills
Long Island company's CEO blames 'accounting issues' as he plays down legal complaints
- Latvian oligarch Aivars Lembergs sanctioned by US
Owner of Ventspils Freeport Authority targeted by Ofac over alleged corruption.
- US rolls out slow-release sanctions against Iranian shipping company
The Islamic Republic of Iran Shipping Lines will be sanctioned six months from now
- Pella Sietas secures its biggest ever order for icebreaker
German shipyard inks $111m deal with Russia for specialised vessel
- Koch Logistics charters two SK Shipping capesizes in three-year deals
SK Shipping locked two of its capesize bulkers into three-year employment with Koch Logistics. European brokers said the unit of US conglomerate Koch Industries took SK's 181,000-dwt K Victory (built 2012) and K Confidence (built 2013) for $18,000 per day. The deal factors in scrubbers that are being installed in the vessels. There have been very few period deals of this length being concluded
- Berge Bulk scraps a fourth large bulker this year
James Marshall-led Berge Bulk has sold yet another large vessel for demolition. European scrap brokers said the Singapore shipowner has sold the 290,000-dwt ore carrier Berge Vinson for demolition in Bangladesh at between $395 per ldt and $398 per ldt. That equates to a total price of at least $15m. The price tag includes 350 tonnes of bunkers onboard, and TradeWinds is told that the buyers have
- Two Shell G-class steam-turbine LNG carriers find new homes
But industry is watching to see what future awaits the third in a trio of Moss-type vessels
- Cautious welcome as shipping included in EU's Green Deal
Transport & Environment worries that carbon emissions reduction agreement leaves door open for gas and biofuels
- Stand-up paddleboard case 'lacks maritime flavour'
TradeWinds' weekly column taking a sideways look at shipping
- Vitol completes takeover of slimmed-down Sargeant JV
Trader and shipowner will run nine vessels under its own name in asphalt trades
- Trafigura's wet freight desk had 'most profitable year on record'
The trading giant's tanker operation achieves a net profit of $201m from the sales of leasehold interests in 29 tankers to Frontline and Scorpio Tankers
- Chile could unlock $90bn investment with zero-carbon fuel switch
Moving vessels to ammonia and hydrogen could see big infrastructure spend, green group says
- Greece raises the stakes in Sea Diamond wreck-removal tender
Public Ports Authority hikes tender budget to $480m to raise sunken cruiseship off Santorini
- Grupo Sousa purchases another boxship
Portuguese liner operator expands after merging its container operations
- All eyes on Trump as pressure mounts on US-China trade talks
If the US fails to seal a deal with its biggest economic partner it would spell big trouble for global trade
- CMB cashes in as boxship values react to rising charter rates
Delphis boss believes asset prices are being marked up in response to a buoyant charter market
- World first liquefied hydrogen carrier launched in Japan
Kawasaki Heavy Industries has yet to install the ship's 1,250-cbm highly-insulated storage tank
- Britannia Club names new head of Greek office
Konstantinos Samaritis is to take over as head of Britannia P&I Club's Greece office on 1 January. Britannia P&I teams with KP&I to target South Korean owners He replaces David Harley, who is leaving Britannia after 20 years' service "with the Club's best wishes", a release said on Tuesday. Samaritis is a qualified Greek lawyer and accredited mediator and has worked for Britannia's managers, Ti
- Toft-Jensen takes control of OSV owner A1 Offshore
Danish owner increases stake through debt conversion to go it alone in Svendborg
- Sovcomflot books dual-fuel aframaxes at Samsung Heavy
Order represents second LNG-fuelled aframax tanker deal booked at the South Korean yard
- Alpha Adriatic winding up gas shipping joint venture
Croatian owner dissolving company formed in 2017 with ETCA Caspian after failing to make a breakthrough
- As deadline looms, Greek shipowners decry IMO 2020
IMO 2020 is three weeks away, but shipowners still see issues with the new rules
- European Union clears $4bn capital boost for Nord/LB
German lender's capital ratio to rise to around 14% as it restructures
- De Chateauvieux's plan to save Bourbon blocked by ICBC Leasing
Bank takeover could be the only game in town as French family set to lose control of OSV giant
- Zodiac Maritime sistership sold to Performance
Zodiac Maritime is selling an aframax tanker at a strong price. European brokers said it is set to offload the Sasebo Heavy Industries-built 115,000-dwt Jupi'ter Sun (built 2007) to Symeon Palios-'led Performance Shipping. Performance Shipping confirms third tanker buy Performance Shipping linked to Zodiac aframax The ship is believed to be changing hands for $28.7m. Performance Shipping pa
- Clarksons says car carrier market 'remains challenging'
Shipbroker said China is on track to see first protracted decline in car sales this century
- Genting Cruise Lines eyes up more newbuildings in Germany
Asian cruise player brands as part of its fleet expansion to target leading hotel drive
- 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
|DECEMBER 11, 2019|
- Roadrunner announces departure of president
President and chief operating officer, Michael Gettle, who assisted in the corporate restructuring is leaving the company.
- Second peak shipping week hits snag as Mother Nature intervenes
Bad weather drives down delivery performance during second week of peak
- IMO 2020 fuel surcharges push container rates higher
Index data appears to show that IMO 2020 fuel costs are being passed along to box shippers.
- US rail traffic slumps again
Economic uncertainty weighs on rail volumes.
- FreightWaves job board rapidly gains steam in wake of Celadon bankruptcy (with video)
225 employers have posted close to 500 jobs and counting.
- MODE Transportation completes SunteckTTS acquisition
MODE Transportation announces that it has completed the acquisition of SunteckTTS.
- FAA won't recertify 737 MAX until 2020, administrator says
Boeing Co. and the FAA are under intense scrutiny from Congress in the wake of the 737 MAX crashes. The House T&I Committee held its...
- EPA awarding $44 million to cut diesel engine emissions
Latest round of DERA grants allots up to $4 million per project.
- Freight Futures daily curve: 12/11
National Trucking Freight Futures contract crosses "resistance point" on Tuesday due to strength in the East.
- Reaction in the diesel market to IMO 2020 is still to come: Platts
There's still a lot that needs to happen, and Chris Midgley sees that as having potential impact on the diesel market.
- US Senate hearing plays down IMO 2020 impact
U.S. Sen. Lisa Murkowski, says many analysts believe the impacts of IMO 2020 will be less than what was projected just a year ago.
- WTO continues moratorium on customs duties for e-commerce
Shuttering the World Trade Organization's Appellate Body threatens the ability of countries to settle trade disputes, the U.S. Chamber of Commerce warns.
- Multi-day snowstorm to slam western US (with forecast video)
Powerful storms to bring a few feet of snow to Cascades, other mountain ranges next few days.
- Today's Pickup: Canadian airline successfully tests e-plane in historic flight
Harbour Air's aging DHC-2 Beaver seaplane powered by a 750-horsepower fully electric propulsion system makes history flying for nearly 10 miles near Vancouver.
- Surface Transportation Board needs to get real: Commentary
How the board calculates cost of capital is outdated. How much of an overhaul is needed?
- Guacamole fans should score plenty of avocados for Super Bowl
Super Bowl Sunday is the No. 1 avocado consumption day of the year, according to the Dallas-based trade group Avocados from Mexico (AFM). Football fans...
- New US tariffs loom over $160 billion in Chinese goods
Americans for Free Trade spokesman Jonathan Gold said the White House needs to "finalize a deal with China to end the trade war and remove...
- GreyOrange announces 'next era' fulfillment operating robotics
On Wednesday, global software and mobile robotics provider GreyOrange launched the latest advancement of its fulfillment operating system. GreyOrange leverages artificial intelligence and machine learning...
- Drilling Deep: recapping what happened at OPEC, and Scopelitis looks at the coming year
Host John Kingston gives his take on last week's OPEC meeting, the fact that we haven't seen IMO 2020 yet in diesel prices and chats...
- Tesla more than a tech company that makes cars
Tesla is an automaker that makes electric vehicles. So how did it land the No. 7 spot on the FreightWaves' FreightTech 25 list, which highlights...
- Efficient and sustainable packaging the need of the hour, says DHL report
Freight forwarding giant details innovation required to balance sustainable packaging with customer satisfaction and product safety.
- Cash injection keeps Hong Kong Airlines aloft
Cash-constrained carrier averts shutdown
|DECEMBER 11, 2019|
- Marine fuel 0.5%S trading off to rocky start in US due to product variability: sources
- IMO 2020 fuel switch prompts bulkers to load less cargo to enable higher bunker intake
"We are having to book bunkers about two-three weeks in advance to ensure availability," a shipowner said.
- External: Global Risk Management