|DECEMBER 18, 2019|
- Maersk opens new facility in Vietnam to handle new sourcing demand
- China lowers 2020 growth target to 6pc, cranks up state spending
- California ports collaborate to fight the threat posed by rising sea levels
- Baltimore port to start upgrade of 14,000-TEU berth in early 2020
- EMEA cargo crime hits US$88.75m with trucks being the 'weakest link'
- DP World's Unifeeder buys major stake in Singapore's Feedertech Group
- Switch to non-diesel trucks in Europe requires more charging, refuelling points
- Seven HK Airlines aircraft impounded by HK airport authority
- Boeing to stop production of 737 Max starting in January
- Deutsche Bahn to test Skyports drones in its logistics supply chains
|DECEMBER 17, 2019|
- A.P. Moller-Maersk announces new Executive Board to accelerate strategy execution
- AMTOI Cricket Tournament Season-2 breaks all records
- MOL & e5 Lab launch study on hydrogen hybrid pure car carrier
- NYK Group accredited by ClassNK for cyber security management
- Shipping seen progressing full speed ahead towards full decarbonisation
- Strong ocean imports & exports seen sustaining India's trade growth
- US mulls doubling pear exports to India
- Port of Antwerp in collaboration agreement for hydrogen transport
- Global programme launched to improve efficiency of cargo handling audits
- Govt intends selling 100 pc stake in Air India
- KWE India launches 'Slip Sheet Handling' for airfreight shipment from Kempegowda International Airport, Bengaluru
- Railways offering discount on empty container transport
- Govt withdrew 14k prosecutions under Companies Act to improve ease of doing business
- India improves ranking in ease of doing business as exports & logistics facilitation get impetus
- New guidelines & simplified approval process for coal projects to enhance ease of doing business
- Parliamentary panel worried over India's meagre share in global organic trade
- Industry steps up efforts against rogue lithium battery shipments
|DECEMBER 17, 2019|
- Lufthansa Cargo unveils sales channel offering dynamic spot rates
- CMA CGM currently the only ocean carrier interested in LNG to power box ships
- Nippon Cargo Airlines eyes Taipei as China traffic slows, and drops Hahn
- David Stroud appointed BIFA's new policy and compliance adviser
- Vincent Clerc becomes CEO of Maersk's Ocean and Logistics division
- Port of Auckland declared 'no longer viable'
- South African government aims to create a national shipping carrier
- Maersk's social media position dis-liked by some
- Supply chain radar: Kuehne + Nagel changes skin in Dubai (and elsewhere)...
- Delay alert with feeder lines in 'radical' new year container handling shake-up
|DECEMBER 17, 2019|
- Vigor to carry out DDG drydocking worth up to $97.9 million in Pearl Harbor
Vigor Marine LCC, Portland, Oregon, has been awarded an $89,336,289 Navy contract for the execution of the USS Wayne E. Meyer (DDG 108) fiscal 2020 dry-docking selected restricted availability (DSRA). The contract
- VIDEO: LCS 19 completes Acceptance Trials
Lockheed Martin reports that Littoral Combat Ship (LCS) 19, the future USS St. Louis, has completed Acceptance Trials in Lake Michigan. Now that trials are complete, the ship will undergo final outfitting
- MOL and e5 lab ink MOU to develop hydrogen hybrid PCC
Japan's Mitsui O.S.K. Lines, Ltd. (MOL) and e5 Lab. Inc. have signed a Memorandum Of Understanding (MOU) to conduct a joint study of a hybrid pure car carrier equipped with a hydrogen
- Two leading French ports to have Wärtsilä VTS
Wärtsilä is to supply its Vessel Traffic Service (VTS) solution to two of France's leading ports, Calais and Boulogne. Calais is France's leading port for passenger traffic and the second largest port
- San Francisco Bay Ferry to add another new high-speed cat
The San Francisco Bay Area Water Emergency Transportation Authority (WETA) is to exercise a $14.8 million build option for a second 300-passenger high-speed ferry from La Conner, Wash., shipbuilder Mavrik Marine Inc.
- Viega MegaPress CuNi press fitting system now available in larger sizes
Viega LLC's MegaPress CuNi, a copper nickel press fitting system designed specifically for applications on commercial ships, private yachts and offshore rigs, is now available in sizes up to 4". MegaPress CuNi
- $1 million criminal fine in fishing vessel pollution case
The U.S. Department of Justice says that Sea Harvest Inc., operator of the fishing vessels Enterprise and Pacific Capes, along with Fishing Vessel Enterprises Inc., the vessels' owner, pleaded guilty yesterday to
- Study of $246 million in injury claims yields new shipping safety insights
More comprehensive reporting requirements for injury and near miss reporting are needed to improve safety at sea, according to ABS, the American P&I Club and Lamar University. The call follows an industry-wide
|DECEMBER 17, 2019|
- DryLog acquires 50% of ArcelorMittal shipping subsidiary
The joint venture, Global Chartering Ltd, has been created through the Peter Livanos-backed DryLog taking a 50% stake in ArcelorMittal's...
- Slips, trips and falls cost American Club $14m a year
Sponsors call for comprehensive new standard for reporting maritime injuries and near misses after discovering lack of consistency and comprehensiveness...
- Coal demand to be stable to 2024, IEA says
India will be the biggest driver of growth, the IEA says, while China's demand will likely plateau in 2022
- Cartel fears behind block exemption disquiet
Capacity management seen as a means of controlling pricing, while lines are offered little legal certainty
- The Outlook Forum
We asked Lloyd's List readers and key market participants what they thought would be the key issues shaping shipping over...
- Zeamarine co-founder exits as restructuring specialist is called in
The company rocketed from being a start-up operation to a big league player in just six years. Speculation, though, suggests...
- Swire Shipping to offer joint Pacific service with Matson
The service will be run with 8,000 dwt vessels, with Swire Shipping chartering in one ship while Matson will contribute...
- MOL teams up with e5 Lab to develop hydrogen hybrid car carrier
The technologies are aimed at trying to meet the IMO's 2050 carbon dioxide emissions reduction targets through hybrid technology, alternate...
- Tonnage tax extension seen as growth filip for Cyprus shipping
Securing approval for a full decade will provide stability and certainty for shipping companies choosing the flag or operating in...
- Maersk appointments bring board back to strength
Reshuffle of management positions comes as Danish container giant increases pace of integration
- Daily Briefing
Free to read: Block exemption extension gives carriers clarity and confidence | Have Brussels and container lines called a truce...
- DP World integrates former Topaz Energy into P&O Maritime Logistics unit
P&O Maritime Logistics is poised to steward one of the most historic names in the maritime industry as it enters...
- Indian crew taken hostage off West Africa soars to 89 in a year
As Indian mariners represent the largest proportion of crew nationalities, a total ban on Indian nationals serving as crew within...
- CMA CGM in biofuel bunker blend deal with Shell
Shell will supply tens of thousands of tonnes of a bunker blend comprising 20% of biofuel drawn from used cooking...
- Avance Gas orders two dual-fuel VLGCs at DSME
The company, which is taking the first step towards a low-carbon future, said burning liquefied petroleum gas was cheaper and...
|DECEMBER 17, 2019|
- Fate of NJ classification bill uncertain, as is potential impact
- Rail volumes suggest bearish outlook for trucking
- Drastic changes play out at Zeamarine amid executive departures
- India mulls reworking Cochin terminal tariff to compete with Colombo
- BNSF's Chicago intermodal depot regains flow after operational shift
- Clerc moves into Maersk's key integration role
|DECEMBER 17, 2019|
- Nordic American trio exit LSFO storage for bigger payday
Bulk of VLCCS holding compliant fuel expected offload cargoes by first quarter, says Braemar ACM
- DryLog tightens links with ArcelorMittal and eyes growth with joint venture
Steel and mining giant ArcelorMittal and Peter Livanos-backed DryLog are joining forces in a shipping joint venture. The outfit will see DryLog take a 50% stake in ArcelorMittal's shipping subsidiary Global Chartering Ltd. NYK forms joint venture to provide FPSO to Petrobras Vitol completes takeover of slimmed-down Sargeant JV It will retain that name and the 28 bulkers in its employ and aims
- Has Christmas come early with Trump playing Santa Claus?
Proposed US-China trade deal could provide a huge boost for shipping, but questions remain over if - and how - the promises can be delivered
- Why Deutsche Bank dropped five stocks and prioritised others
Analyst Mehrotra says size, liquidity and focus were key factors in cuts
- Leo Kirchner to take reins at Thomas Miller Americas
There is a new man at the top of Thomas Miller Americas. Leo Kirchner will take over as president and chief executive of the insurance management company's US wing at the end of February. He replaces Mike Jarrett, who spent 27 years leading the unit. Thomas Miller buys Lodestar's fixed premium business Thomas Miller tickled pink as charity golf day raises $250,000 "It is an honour to succeed M
- Carnival joins Getting to Zero Coalition on carbon
Miami-based cruise giant looks forward to developing zero-emission ships with industry partners
- Brussels to probe merger of DSME-Hyundai Heavy over price fears
The European Commission is looking into the proposed $1.7bn acquisition of South Korean shipyard DSME by compatriot Hyundai Heavy Industries (HHI). Following HHI's application for approval by the European Union executive body last month, the commission said on Tuesday it was concerned the deal would reduce competition, raise prices and stifle innovation in the sector. Controversial Daewoo founde
- Sanchi families challenge official account of explosion and sinking in US lawsuit
Some of the seafarers onboard the tanker escaped after the 2018 crash and are still alive, their families say
- Positive outlook for US crude exports buoys tanker owners
Tankers are set to gain from world's largest oil producers' rising exports
- Exodus of PSVs boosts North Sea owners while AHTS rates hit peak
Winter rates proving warmer than expected as Allseas removes 11 spot vessels for Baltic work
- A message to India on port improvements
Private operators tell their government it is time to deliver on its national vision for shipping
- Trafigura calls on regulators for stricter IMO 2020 enforcement
Top tanker executive says transitional period should be monitored by port state control to ensure a level playing field
- Hudong-Zhonghua moves forward on CSSC Leasing's LNG orders
Shanghai yard finally gets started on some conventional tonnage as orderbook empties
- EU agrees 10 more years for Cyprus tonnage tax
Estonia also gets its first tonnage tax as Europe seeks to encourage region's competitiveness
- Buys strengthen SAL's position as top three heavylift player
Harren & Partner's project cargo subsidiary takes three heavylift ships from the Winter Group
- Clarksons Platou starts Bonheur coverage with a buy
Plenty of upside in Fred Olsen company with "reliable cash machine" cruiseship fleet, analyst says
- Supreme Court declines appeal by GC Rieber ex-employees
Legal action taken by 17 ex-employees against the offshore shipowner has come to an end.
- Peter Townsend joins Miller to develop North American business
Hull expert begins new role at insurance broker next month to focus on growing cover
- Britannia P&I plots recruitment in Denmark as it upgrades office
Copenhagen correspondent office to become full branch of UK-based P&I club
- Veteran bulker hit by engine room fire in Detroit River
US Coast Guard tackled blaze on Tecumseh as it drifted into Canadian waters
- Winners emerge as big boxship charter market all but dries up
Rush to retrofit scrubbers before IMO 2020 has caused a shortage of vessels and a rise in rates
- Emergency response contracts see dramatic drop to 23 in 2019
Fall in Lloyd's Open Form contracts are hitting salvors and marine salvage association questions whether it is time to move on and face the realities of the current environment
- Maersk fills management board gap with Svitzer's Thygesen
CEO of group salvage company promoted after high-profile departures at Danish owner
- Jan-Hendrik Tobbe exits amid Zeaborn management overhaul
Restructuring expert takes the reins at expanding, Kurt Zech-controlled ship operator
- Swire and Matson team up in the South Pacific
Veteran Pacific shippers will partner using chartered tonnage on general cargoship route
- 'Floating bomb' FSO starts to leak oil in Red Sea
Houthis call for help after crude seeps from Safer off Ras Isa in Yemen
- Contact made with Union Maritime tanker after crew seized
Togolese patrol boat tracks down the Duke while a new crew heads to the ship on a tug
- CMA CGM's Containerships cashes in on LNG-run tonnage
Fourth vessel giving carrier a competitive edge in Baltic-related services is delivered, with two more to come
- MOL targets development of hydrogen-powered car carrier
Japanese shipowner says latest initiative builds on worked to realize zero emission vessels
- VLGCs cheaper to build than to buy second hand
Clarksons Platou says new dual fuel ships will be the "most efficient LPG carriers to date"
- Grindrod extends chartered-out MR, returns supramax
Singapore-based owner seals better rate for tanker, bulker set to be handed back early in 2020
- SSY: Aussie drought set to boost bulker tonne mile demand
US Department of Agriculture forecasting "weakest Australian wheat harvest for twelve years"
|DECEMBER 17, 2019|
- Biodiesel blending credit gets budget reprieve from House
The biodiesel blender credit reinstated by Congress Dec. 17 is a $3 billion a year boost to a less-polluting diesel fuel.
- Matson-Swire join forces in South Pacific service
Well-known Pacific Ocean specialists Matson and Swire have joined forces to serve the South Pacific island nations.
- New chapter in ugly FedEx-Amazon divorce puts merchants in middle
Amazon-FedEx divorce gets ugly and hurts merchants
- FedEx hits 'bottom' in fiscal 2020 second quarter
FedEx's lousy second quarter results are a cost issue first and foremost
- Canadian manufacturing took hit during GM strike
Plunge in vehicle and auto parts shipments drive broader softness as manufacturing sales drop 0.7% in October.
- Powerful storm could delay Christmas deliveries in Pacific Northwest
A few feet of snow, some ice, potential flooding coming to Washington and Oregon.
- Load One provides lightning-fast shipping for just about everything
This logistics company expedites movie props to rocket engines and everything in between.
- Elroy Air aims to bypass infrastructure with unmanned hybrid electric drone (with video)
An unmanned hybrid electric aircraft creates a new wave of transportation that does not rely on infrastructure
- Freight All Kinds: Getting the show on the road
Moving theatrical shows is like choreography showcasing on-time precision prowess and graceful driving skills.
- Pennsylvania provides more than $40 million for freight rail projects
The funding includes $14.4 million to support CSX's double-stacking efforts near the Port of Philadelphia.
- Knight Swift: Trucking's Biggest Mega-Merger - Great Quarter, Guys EP07 [podcast]
On this episode of Great Quarter Guys, Seth Holm, Kevin Hill, Andrew Cox and JP Hampstead break down Knight Swift's business model, discuss the Phase...
- Drug & Alcohol Clearinghouse: What drivers need to know
Drivers looking for work or changing jobs should register before Jan. 6.
- US doubles down on sanctions against Ortega regime
The Office of Foreign Assets Control has added the son of Nicaraguan President Daniel Ortega to the Specially Designated Nationals and Blocked Persons List.
- Freight Futures daily curve: 12/17
Calm and quiet ruled the day on Monday in the Trucking Freight Futures markets.
- Amazon's shot at FedEx, 737 MAX minimized, and a tribute to American Shipper - WTT?!? [podcast]
photo credit: Amazon On today's episode - Just in time for the holidays, Amazon cans FedEx over on-time delivery, Boeing 737 MAX stops going, a...
- South Asia stands to gain from prolonged US-China trade war
Resilience360's report on the impact of U.S.-China trade war discusses the uncertainty it has brought to global trade.
- Winter storm keeps trucking across Eastern US (with forecast video)
Hazardous road conditions continue to slow down freight movement from Ohio Valley to New England.
- Southwest Airlines pushes back schedule for 737 MAX until April
The chill felt in Southwest Airlines' fourth quarter financial report won't be weather-related, but because of the 737 MAX.
- Continual technological advancements land innovator in FreightTech 25
Truckstop.com pioneered digital innovation in logistics with the first online platform for load boards.
- FreightWaves NOW: Louisville Spot Rates are Skyrocketing
Anthony Smith hosts Tuesday's FreightWaves NOW with John Kingston giving the Oil Update, Luke Falasca provides us with the Broker Update, and Zach Strickland gives...
- Navistar beats Q4 earnings estimates but lays off 10% of its workforce (Update)
Navistar will cut 10% of its worldwide workforce even as it gained market share for the third consecutive year.
- Today's Pickup: CFI employees raise over $41,000 in Truckload of Treasures campaign
CFI employees have raised more than $800,000 for charities over the past 26 years as part of its Truckloads of Treasures campaign. Plus, airfreight may...
- New Jersey's owner-operator law in limbo for now, but risk remains
Move to pass legislation has ground to halt amid wider outcry from other industries over independent contractor limits.
- The European Green Deal and what it means for the rail freight industry
The European Green Deal is looking to shift 75% of EU freight traffic from road to rail and reduce greenhouse gas emissions by 90% by...
|DECEMBER 17, 2019|
- LSFO offers in S Korea, Hong Kong above LSMGO on strong demand ahead of IMO 2020
Spot offers for low sulfur bunker fuel have been priced above that of low sulfur marine gasoil in the ports of South Korea and Hong Kong on strong demand for the low sulfur marine fuel ahead of the International Maritime Organisation's low sulfur mandate come January 2020.
- Expected IMO marine gasoil demand supports prompt ICE LSGO
ICE low sulfur gasoil futures time spreads have moved into backwardation, as 0.5% sulfur fuel oil prices rose above 0.1% marine gasoil bunker prices in Singapore, dependent on delivery dates and volume, supporting MGO values, traders said.
- Shell, CMA CGM launch marine biofuel partnership
Oil major Shell and shipping line CMA CGM are to launch a partnership to expand the shipping line's use of biofuel in its fleet, Shell said Tuesday.
- Urals NWE crude down $4.50/b in a month to 19-month low as IMO 2020 looms
Urals, the Russian crude which is the Europe's largest single source of oil, has seen value for Baltic-loading cargoes fall more than $4.50/b in the past to month to a 19-month low ahead of IMO 2020 -- the lower sulfur cap on marine fuel globally from January 1.
- FUTURES 6: Oil complex pulls back in after-market trading amid bearish US inventory forecasts
Oil futures retreated in after market trading Tuesday but held in the black amid newly bearish US crude and product inventory forecasts.
- Singapore 10 ppm gasoil/MF 0.5% spread hits record low on LSFO supply tightness
"Low sulfur fuel oil supply is getting tighter. LSFO stocks draw is faster than expected," a Singapore-trader said Tuesday.