|NOVEMBER 14, 2019|
- Korean shipbuilders regain top spot by capturing most new orders in October
- Hapag-Lloyd expands Atlantic Loop 3 fleet on US-Europe service
- Container freight rates rise in the run up to new IMO 2020 low sulphur fuel rule
- Ports of Long Beach, Los Angeles see export volume rise, imports fall in Oct
- ICTSI Oregon wins US$93.6m in court battle with unionised dockworkers
- Alibaba raises stake in its logistic unit Cainiao with investment of US$3.3b
- China may fail to meet targetted imports of US farm goods due to swine flu
- Hactl handles record 104 freighters in 24-hour stretch
- American and Southwest airlines continue to ground B737 MAX until March
- Emirates SkyCargo H1 volumes tumble 8pc to 1.2m tonnes amid tough market
|NOVEMBER 13, 2019|
- A.P. Moller-Maersk announces changes in Executive Board
- Essar Shipping gearing up for IMO 2020 compliance
- New joint guidelines to improve safety in polar waters
- New opportunities are opening up as the shipping industry embraces digitalisation & automation
- APSEZ registers impressive all-round performance
- Reefer container restriction at Tunisia's Rades port
- Indian chemicals & petrochemicals sector to grow into $304 bn market by 2025, says Minister
- New schemes to support MSMEs having good potential for exports on the anvil: Gadkari
|NOVEMBER 14, 2019|
- New train running between Austria and Hungary
- Mark Frese to become new CFO of Hapag-Lloyd
- Blockchain: UPS and Herd X ship beef from USA to Japan
- ICTSI makes good progress in the first nine months of 2019
- Innovative engines for cross-border railfreight
- ECS Group deepens footprint in Southeast Asia
- PSI warehouse management system for DFB's equipment
- Founder of Cebu Pacific passes away at 93
- HHLA faces more volatility in its markets
- Volvo Group to restructure its marketing efforts
- Busiest day ever at Hactl
- "Curiosity of the Day"
- Saloodo expands to Africa
- Issa Baluch wins Tiaca's air cargo professional award 2019
- Maritima del Principado extends its equipment in Gijón
- Climate-neutral transports per mouse click
- Golden October in east Belgium
|NOVEMBER 13, 2019|
- Trade war ripples rock transpacific: first eastbound volume decline in ten years
- UPS launch of flat-rate parcel service puts the squeeze on FedEx
- Wincanton reports successful H1 and will press on with probe into Stobart
- Ratifying UK-EU deal will be 'just the start of Brexit, not the end', says UKWA
- Slowly, but surely, 'digital' and 'traditional' forwarders are getting closer
- Ambitious Sri Lanka wants to become a global maritime and logistics centre
- Mark Frese to replace Nicolás Burr as CFO of Hapag-Lloyd
- Nike to end pilot project selling on Amazon
- Xpediator poaches new CFO, Rob Ross, from Europa Worldwide
- Market insight: Toft's quick exit from APMM - it was 'the hardest decision in my life'
|NOVEMBER 13, 2019|
- NTSB to USCG: Act on duck boat safety
As part of its ongoing investigation of the fatal July 19, 2018, accident involving a modified WWII DUKW amphibious passenger vessel, the National Transportation Safety Board has issued a Marine Safety Recommendation
- Norfolk Naval Shipyard puts exoskeleton suits to work
Norfolk Naval Shipyard (NNSY) says it has become a champion in utilizing innovative exoskeleton suit technology. The Robotics Subcommittee (RSC), a section of the NNSY Technology and Innovation Community of Practice (T&I
- Bollinger to build ocean transport barge for GD Electric Boat
Bollinger Shipyards has been awarded a contract to construct an ocean transport barge for General Dynamics Electric Boat. Bollinger President & CEO Ben Bordelon said that the barge will transport submarine modules
- Italian-owned OSV hit by pirate attack in southern GoM
Two crew members of an Italian flagged OSV were injured in a pirate attack in the southern Gulf of Mexico, Tuesday, according to multiple media reports citing Mexican Navy statements. One crew
- USCG gives update on BWMS type approval program
In a post on its Maritime Commons blog, the U.S. Coast Guard yesterday gave an update on its Ballast Water Management System type approval program, and guidance on several specific issues on
- New, "future-proof" MAN engine controller platform passes TAT
MAN Energy Solutions' electronic "ME" engine portfolio has reached another milestone: its Triton platform has passed its TAT (Type Approval Test) in Japan. "Triton is the new controller platform for our entire,
- Ingalls starts construction of NSC 10
Huntington Ingalls Industries' (NYSE: HII) Ingalls Shipbuilding division yesterday officially started fabrication of the U.S. Coast Guard's newest Legend-class national security cutter (NSC) Calhoun (WMSL 759). The start of fabrication signifies that
|NOVEMBER 13, 2019|
- Moore Maritime Index introduced by global network
Ship operating costs tool seen as a replacement for OpCosts tool now maintained by rival BDO network, but takes 'completely...
- D'Amico bullish on product tankers amid lower loss
The company reported that cost efficiencies helped the bottom line
- More work needed before a carbon levy, says Platten
ICS chief Guy Platten hopes that by mid-2020 the 0.5% sulphur cap will be smoothly implemented
- Hapag-Lloyd names new chief financial officer
Mark Frese will take up the CFO role at the German container shipping line next March
- International Group moves to boost competition
The development appears to come in response to occasional suggestions that the IG acts as a de facto cartel, even...
- Global oil and LNG trades 'transformed' by moving supply and demand geography
The International Energy Agency forecasts the demand from Asia is expected to create the biggest shift in oil and gas...
- MISC forecasts optimism for LNG shipping market
MISC believes a surge in spot rates in the LNG shipping segment has raised expectations for a run-up to a...
- Skuld seeks 'firmer' renewal pricing as combined ratio hits 114%
'After benign premium movements over a number of years, current premium rates are not sustainable and do not adequately support...
- Transpacific box trade heading for first contraction in a decade
Port throughput and trade figures indicate no frontloading boost for carriers in 2019
- Daily Briefing
Free to read: Main shipping lobbies edging closer to mandatory R&D fund | Rosneft grapples with unsold Venezuelan crude as exports...
- Indian Oil starts sales of 0.5% sulphur content fuel oil in India
Bunker fuel deliveries at other Indian ports will start by mid-November, the refiner said
- Thailand to open up bids for first FSRU
The 5m tonnes per annum project is expected to be tendered out by the first quarter of 2020 and sent...
- RCL takes third-quarter hit on plunging freight rates
The intra-Asia trade's strong potential for growth has attracted new players and intensified competition. The downside of this competition is...
- ADNOC signs LNG deals with BP and Total
Abu Dhabi used to export most of its LNG to one single utility in Japan. It is now seeking new...
|NOVEMBER 13, 2019|
- New Jersey considers classification legislation for truckers
- China import plunge marks weakening trans-Pacific outlook
- YRCW takes reorganization to a new level
- Loss-making Yang Ming expects boost from expanded alliance
- Hong Kong protests force Asia airlines to scrap industry event
- Convoy snags historic $400 million investment
|NOVEMBER 13, 2019|
- Economou: 'We're all glorified taxi drivers'
One of shipping's most famous Greek owners is not sure he'd counsel the young to enter the sector.
- Arntzen and Bugbee mix it up in New York brawl
Executives trade jabs on approach to capitalising and running companies as finance conference heats up in Manhatttan.
- Poseidon Principles could be good marketing for banks
The Poseidon Principles promise to make shipping greener - but it could also be great marketing for the participating banks. BNP commits to Poseidon code, Japan's banks remain on sidelines Parker forecasts bank stampede to sign up to 'green' Poseidon Principles By next year, the 12 member banks could be using principles data to trumpet how environmentally friendly they are to a market increasin
- Bulker owners 'comfortable' with expected 2020 fuel price spread
Dry bulk shipowners who have spent big money on exhaust gas scrubbers are happy with the forecasted price difference between IMO 2020 compliant and non-compliant fuels. The forward market expects a $236 per tonne average cost spread for 2020 between very low-sulphur and high-sulphur fuel oils, six weeks before IMO limit ship exhaust's sulphur content to 0.5%. Dry bulk's summer of love may be ove
- The ins and outs at Maersk: Three years of executive changes
Starting with the departure of chief executive Nils Andersen, strategic shift at Danish shipping giant has also seen several major executive moves
- d'Amico eyes sales of older MRs after narrowing third-quarter losses
Company executives are as bullish as ever as spot rates are moving higher with IMO 2020 about to come into force
- Allianz shuttering underwriting centres in US and Asia
Allianz Global and Corporate Specialty (AGCS) will no longer underwrite hull and marine liability insurance in North American and Asia. The German insurance giant announced Wednesday that it will consolidate domestic and international marine underwriting in London, Paris and Hamburg to improve profitability and "consolidate expertise at the scale that is needed to service customers effectively."
- Diamond S fails to sparkle on MR disappointments
Craig Stevenson-led owner reports better suezmax rates for current quarter after earnings miss.
- Dutch salvor brought in to refloat grounded Indian tanker
Marine Masters awarded contract to salvage stricken Elektrans vessel
- Global Ship Lease plans senior notes refinancing
The boxship lessor has not wasted any time in kicking off its fundraising after filing a $500m shelf registration three weeks ago
- Industry group raises concerns over VLCC designs
IMO called on to reassess newbuilding efficiency regulations for largest class of tankers
- Yangzijiang confirms 11 orders worth $487m in second half of 2019
Chinese shipbuilder says bulker deals take orderbook to $3.18bn
- JL Mowinckels buys stake in Japanese-built supramax
Norwegian shipowner becomes commercial manager with large minority stake
- Finland's Gasum buys Linde's LNG assets as it expands business
Company snaps up liquefaction plant, two terminals and a pair of LNG bunker vessels
- 'Moderate' threat to vessels as Mexican cartels vie for control
Dryad Global reveals background to shocking attack on Italian PSV this week
- Seabury Maritime and Lloyd's Register team up on finance advice
Seabury Maritime and Lloyd's Register (LR) are joining forces to provide financial risk assessments for owners. The US advisory firm and the UK classification society said they had formed a strategic partnership to look at operating and capital expenses. The partners will leverage their global capabilities, "vast market knowledge", and extensive networks to build a platform to help shipowners an
- VLCC market cools down as futures and period rates slide
While earnings prospects will remain strong in the months ahead, a supply overhang and slower oil demand are worrying for tanker players
- Hyundai Heavy tries for EU approval of DSME merger
South Korean shipbuilder has now set in train all competition reviews of $1.7bn deal
- Massoel bulker goes to Greek buyer as sell-off continues
Two of the Swiss owner's vessels were detained in the UK last month for non-payment of crew wages.
- Total limbers up to launch hunt for LNG carriers in early 2020
French energy major Total is expected to come to the market early next year for LNG carrier tonnage as it lines up the vessels it needs for its expanding portfolio. Shipowners and yards appear to be aware of the incoming enquiry, although the number of vessels the major is expected to seek remains unclear. But Total is known to have been working on a project with yards to draw up specifications
- Gunvor hires underemployed Russian LNG carrier Portovvy
Trader Gunvor has fixed an LNG carrier that has been converted into a floating storage unit for a delayed midscale liquefaction project in Russia. Gunvor is understood to have taken on the 138,107-cbm Portovvy (ex-Excel, built 2003) for several months. Ice-belted FSU shifts off to Sharjah as project delays lengthen The vessel, which has been converted to serve as an ice-strengthened FSU for Gaz
- China Merchants Energy set to award VLCC deal to DSIC
State-owned shipyard and China Merchants Energy Shipping sign letter of intent, sources say
- Tsakos Energy Navigation keeps silence amid spectre of punishing Sola TS master
But could Norway's district courts be set to weigh criminal penalties against seafarers once again, following a high-profile accident involving a Norwegian frigate?
- Pacific Radiance liquidates joint venture after legal losses
Shareholders decide to wind up CA Offshore Investment after row over PSV newbuilding cancellations.
- London Club joins rush to increase premiums
P&I mutual to ask members for 7.5% more at renewal
- Soren Toft confirms new CEO role after leaving Maersk
Departed COO is reluctant to reveal new employer yet however
- Hapag-Lloyd finds successor to Nicolas Burr as CFO
Mark Frese brought in to replace outgoing finance chief from 1 March
- Peninsula Petroleum adds seven tankers for IMO 2020 push
Global bunker group acquires and charters in vessels including a panamax as it ramps up LSFO supply
- Shipowners submit offers to Shell on LNG carrier newbuildings
Energy major storms forward on its next set of vessels after locking away berth slots
- Greeks to the rescue at Amver awards
Laskaridis among local shipping companies recognised in Piraeus for saving seafarers
- Pierre Dincq steps down at Exmar after 32 years
Well-known face at Belgium shipowner says he is moving on to a life outside gas
- Avenir LNG fixes second newbuilding to Golar Power
Small-scale specialist wraps up deal to an arm of one of its parent founders
- Greek police finally net fugitive financier Laimos in Athens
Former head of Financier Investment Group finally seized after a decade on the run
- Essar Shipping to fit scrubbers on VLCC and bulkers
Indian owner says approach to IMO 2020 is a mix of retrofitting and LSFO
- Eurotankers linked to Phoenix VLCC after Hermes deal failed
Greek owner said to have added its second VLCC at firm price
- International Group loosens rules on competition
Controversial competition pact between clubs has been reformed
- TechnipFMC takes $125m hit after selling cable-layer
French contractor expects to deliver Global 1201 in December
- Scottish ro-pax breaks down a day after refit
A Scottish ro-pax has broken down on its first day back in service after a refit. CalMac's 8,700-gt Loch Seaforth (built 2014) was stuck in Stornoway with engine problems, the Scottish Daily Mail reported. The $54m vessel had just spent two weeks in drydock on Merseyside. It had also broken down last year, leaving 343 passengers and crew stranded, the report said. A CalMac spokesman told the n
- Sembcorp Marine posts $52.5m loss in third quarter
Singapore yard group continues to be impacted by sector challenges and intense competition
- Impairments and weaker revenues trim MISC profit
Malaysian tanker and LNG owner hurt by series of one-offs in third quarter
- 'Lack of transparency' stops Greek owners winning Japan loans
Japan has no shortage of capital to lend, but lacks confidence in corporate structures, especially in Greece
- Affinity: LNG not perfect, but it's the best future fuel option
Broker continues to back gas as it is "the greenest large-scale shipping solution" currently available
- BNP commits to Poseidon code, Japan's banks remain on sidelines
French bank says it will offer loan discounts to shipowners borrowing for projects that cut carbon
- Thieves target product tanker in Singapore Strait
Attempted boarding is fourth such incident in a month in Traffic Separation Scheme.
- Korea P&I calls for collaboration to stem losses and drive safety
Chief operating officer says all insurers should put safety before competitive advantage and pool data, skills and resources
- Mats Berglund bucks trend in asset-light world of handies
Head of the largest handysize owner says pure chartering strategy fails to deliver in charter intensive segment
|NOVEMBER 13, 2019|
- Freight forwarder Airspace Technologies relies on round-the-clock machine learning
Rusnak conducted the most substantive machine learning in logistics presentation this writer has seen,
- Southwest Airlines to begin bar coding cargo in 2020
Shippers will have more reason to "luv" Southwest Airlines when they get the same treatment as passenger baggage for tracking cargo with bar codes.
- Singapore Shipping sees slide in revenues and profits
Revenues were down, costs were flat, profits were down. It was largely an unhappy first half financial year for Singapore Shipping.
- Rapid Fire Demos: Front-to-back-of-the-truck digitalization
Digitalization has taken hold across every aspect of the trucking industry, from the back office and receiving dock, to the drivers, trucks and trailers, making...
- Study finds $25.7 billion in US hospital supply chain overspending
Hospital supply chains overspent to the tune of $25.7 billion in the 2018-2019, study finds
- Revenues plunge but profits surge for Pan Ocean
Pan Ocean, a mixed-fleet ocean shipping carrier, reported a double-digit revenue decline but experienced a double digit surge in profits in the third quarter of...
- 'On the Spot' live from Chicago: Are brokers willing to adjust their prices?
FreightWaves CEO Craig Fuller joins the 'On the Spot' crew at FreightWaves Live in Chicago to deliver the weekly freight rates report.
- Redwood Logistics takes next step in digital transformation
The Chicago-based 3PL and TMS provider has launched a consulting service to help companies integrate its RedwoodConnect 2.0, and added two senior executives to promote...
- Record Veterans Day snowfall sends Midwest traffic to screeching halt
Hundreds of flight cancellations, multiple highway accidents in Midwest as record-setting snowfall makes mess of Veterans Day.
- Selling outcomes rather than features propels Transplace (with video)
Frank McGuigan, CEO of Transplace, in a wide-ranging discussion at FreightWaves LIVE Chicago, detailed Transplace's current status, market conditions, and how technology is driving an...
- Where's my truck, and what's the value of that information? (with video)
Vehicle and shipment tracking has undergone a revolution since the days of check calls, but more value needs to be provided to carriers to take...
- Logistics companies can embrace automation while bypassing the hype cycle
The tech uproar created a prime environment for startups to enter the space, providing innovative products and disrupting the status quo.
- Amazon bars use of USPS delivery service for some seller-fulfilled goods
Amazon bars Priority Mail traffic for seller-fulfilled shipments unless merchants buy the postage through it
- Yang Ming reports lower revenue, larger loss in third quarter
Yang Ming Marine Transport Corp. (TWSE:2609) said it had lower revenue and a larger loss in the third quarter of 2019 than in the same...
- Freight Futures daily curve: 11/13
Trucking Freight Futures remain quiet on Tuesday as the markets look for fundamental drivers
- Surface Transportation Board gets an earful
The regulatory agency for rail receives a flurry of feedback on rail rate reasonableness and demurrage and accessorial charges.
- Hapag-Lloyd adds sixth ship to transatlantic U.S.-flag service
Hapag-Lloyd says addition of a sixth ship to one of its U.S.-flag transatlantic services will improve reliability.
- Brake violations decline during latest inspection blitz
13.5% of trucks inspected in U.S., Canada placed out of service.
- Schneider Transportation Management focuses in on driver experience
In an industry in which every minute counts, all players can see big returns when one member of the supply chain integrates innovative technologies and...
- Digital disruption will speed up supply chains, says J.B. Hunt's Simpson (with video)
CHICAGO - The technology transformation that's underway in freight transportation is badly needed to eliminate billions of dollars in annual waste and improve service for...
- Lake-effect snow still slamming the Midwest
Another foot of lake-effect snowfall possible in parts of the Midwest. Icy spots, too, from Montana to Maine.
- How Jordan Belfort finally figured out his 'why' (with video)
Lean Tech brought the Wolf of Wall Street to FreightWaves LIVE.
- Krispy Kreme delivery man given Sprinter van at FreightWaves LIVE
FreightWaves donates new Daimler Freightliner Sprinter delivery vehicle to Jayson Gonzalez so he can continue his successful donut delivery venture in Minnesota.
- Today's Pickup: Got (no) milk: Dairy giant Dean Foods files for bankruptcy
Plus: Amazon takes a hit in Seattle; the first all-electric mobile health lab
- J.B. Hunt's Shipper 360 offers customers multimodal visibility, predictive pricing
Hunt thinks that an additional 7 to 11 million loads per year could shift from the highway to intermodal.
- Amazon named FreightTech 25 champion two years running (with video)
This year's list includes 16 returning winners from last year's awards and nine first-timers.
- Tesla finally settles on Berlin for its next Gigafactory
In a recent auto awards function in Germany, Elon Musk outlined Tesla's plans of setting up its fourth Gigafactory in Berlin.
- First in a decade: Trans-Pacific box trade to contract this year
Maersk, MSC, Hapag-Lloyd and COSCO will be the main market share "losers", says Alphaliner.
- $400 million funding round values Convoy at $2.75 billion
Founded by Dan Lewis, CEO, and Grant Goodale, CTO, in 2015, Convoy has closed a $400 million Series D round of funding, bringing total funding...
- Airfreight prices climb, but for how long?
Although air freight prices have been edging upwards, sources suggest the 2019 peak season might be short-lived.
- Shadow of Brexit fuels Dutch warehouse logistics boom
Brexit-driven scramble for supply chain properties continues as Tristan plans $165 million investment in Dutch logistics platform.
|NOVEMBER 13, 2019|
- ICE LSGO backwardation collapses on weak fundamentals
The prompt backwardation in the ICE low-sulfur gasoil futures narrowed sharply Tuesday, while overall sentiment felt softer amid doubts about the extent of the boost to middle distillates from the implementation of IMO 2020 on January 1.
- 380 CST bunker prices slump in China, Hong Kong ahead of IMO 2020
The Shanghai and Hong Kong delivered 380 CST bunker fuel price hit fresh lows Tuesday, amid continued destocking of the high sulfur grade ahead of the International Maritime Organization's low sulfur marine fuels mandate in January.
- SINGAPORE DATA: Oct bunker fuel sales fall 9% to 3.77 mil mt
Singapore's bunker fuel sales in October fell 9% year on year to 3.77 million mt, Maritime and Port Authority of Singapore data released Wednesday showed.
- Strong demand keeps 0.5%S FO cracks at premium to gasoline
The growing attraction of 0.5% sulfur fuel oil production is causing refiners to reduce run rates at fluid catalytic cracking units, one refiner said.
- Key oil market forecasts from the IEA's 2019 World Energy Outlook
The International Energy Agency published its latest World Energy Outlook on Wednesday, containing closely-watched, long-term forecasts for energy supply and demand to 2040.
- FUTURES 5: Crude settles slightly higher on signs of economic strength
Crude futures settled higher Wednesday bolstered by projections of economic expansion in the US and slowing output growth.