|DECEMBER 19, 2019|
- Hutchison Ports moves closer to acquiring APM Terminals Rotterdam
- Qingdao port hits 20m TEU container volume in 2019
- Hard Brexit warning as EU likely to resist a free trade agreement
- APMT's Vado Gateway box terminal opens in Ligurian region of Italy
- Box ship owners rush to fit vessels with scrubbers to meet IMO 2020
- APM's Moin Container Terminal handles 1m TEU in less than one year
- DB Schenker opens first solar-powered Dubai logistics centre
- Kerry Logistics bags 2 accolades at The Asset ESG Corporate Awards
- Cathay Pacific warns of slow start for cargo in 2020
- GTR opens new US$5.6m airfreight hub at Kuala Lumpur Airport
- IATA launches audit certification to boost efficiencies in cargo processing
|DECEMBER 18, 2019|
- India enters a new era of ship recycling
- Shipping sector proposes $5 bn R&D programme to cut emissions
- WISTA Kolkata Chapter inaugurated
- Conference addresses skills gaps in ports & logistics sector
- 18 emerging economies for enhanced exports from India identified
- India well poised to attract investments that move out of China, says Piyush Goyal
- Japan will take the lead in getting India to sign RCEP agreement, says official
|DECEMBER 19, 2019|
|DECEMBER 18, 2019|
- Transpac volumes set for further decline, despite US-China trade pact
- 'We may have made a mistake', admits FedEx as Q2 'disappoints'
- Shipping unveils 10-year $5bn research and development plan to cut GHGs
- Amazon Air in surprise operational deal with Sun Country Airlines
- Atlanta cargo community system blazes a high-tech trail in the US
- Röhlig brings in K+N veteran Ludovic Jouval to lead contract logistics
- CMA CGM appoints Guilhem Isaac Georges its sustainability director
- Supply chain radar: Dear FedEx, merry Xmas. Scr*w you, love Amazon
- Supply chain radar: SAP S/4HANA - 'Ready or not... here I come'
|DECEMBER 18, 2019|
- Federal prison for narco sub trio
Three Columbian nationals seized in a dramatic June 18, 2019 Coast Guard take down of a narco sub (see video) were today sentenced to federal prison terms. U.S. District Judge Susan C.
- Norwegian start-up promotes autonomous electric mini-ferry services
The Norwegian University of Science and Technology (NTNU) has spun off a new company called Zeabuz. The start-up aims to sell autonomous mobility services to coastal communities, based on ferries that will
- Tugboat captain's license suspended
Coast Guard Sector Virginia took expedited action to suspend the Merchant Mariner Credential of a tugboat captain on Dec. 4 after it was determined that he was operating the vessel under the
- Kyle Buese named President of Campbell Transportation
Pittsburgh, Pa., based Campbell Transportation Company, Inc., is promoting Kyle Buese to the role of President effective January 1, 2020. Buese, who has been the Executive Vice President of inland marine transportation
- Saga LNG takes delivery of first LNT A-BOX carrier
Singapore-headquartered Saga LNG Shipping has taken delivery of the ABS-classed 45,000 cu.m Saga Dawn, the world's first LNG carrier to be fitted with the LNT A-BOX system, an innovative cargo containment system
- RIBCRAFT wins contract to supply U.S. Navy 11-meter RIBs
Marblehead, Mass., based RIBCRAFT has been awarded a five-year indefinite quantity U.S. Navy contract to provide 11-meter Expeditionary Mine Counter Measure RIBs (Rigid Inflatable Boats). The 11-meter RIBs will support explosive ordinance
- Shipowners to IMO: Fund GHG reduction R&D through $2 a tonne fuel levy
Shipping associations representing more than 90% of the world fleet are calling for a $5 billion R&D program to be set up to find ways to eliminate CO2 emissions from shipping. The
|DECEMBER 18, 2019|
- Jera takes second Angelicoussis LNG carrier on 12-year charter
New charter is set to start in the fourth quarter of 2021 after delivery of the 174,000 cu m vessel...
- The Interview: Mario Cordero
The Port of Long Beach executive director Mario Cordero says the Sino-US trade war has had an impact on his...
- LNG seaborne trade soars as crude tonne miles set to plunge 30% by 2050
High-sulphur fuel oil and marine gasoils are still going to provide 80% of energy for ship propulsion by 2030, illustrating...
- Switzerland heads to court over ABC tanker arrest
Nigerian authorities accuse San Padre Pio of violating Nigerian territorial waters and smuggling diesel through ship-to-ship transfer of gasoil
- Freight growth undermined by falling trade-to-GDP ratio
Slowing globalisation and increasing protectionist measures around the world have taken their toll on box shipping prospects
- Families of Sanchi victims file lawsuit in US against NITC
The claim, which was filed with a Washington district court, extends to current and former Iranian politicians, according to the...
- South Korea frustrates OECD's efforts in new shipbuilding competition regime
After the suspension of the proposal, Japan has made another proposal including cost analysis, which was agreed by the state...
- Capital Product Partners acquires boxship trio from Capital Maritime
The tanker merger with Diamond S Shipping, that absorbed Capital Product's 25 tankers, left Capital Product Partners with a fleet of...
- CMA CGM appoints sustainability chief
Guilhem Isaac Georges has been hired to head the newly formed Sustainable Development and Environment Department
- Yard Talk | How to endure a lengthy winter?
Shipbuilders have to bide their time before the next newbuilding boom driven by carbon-zero vessels arrives. Before that, they are...
- Britannia boosts Denmark presence
Having a full branch office in Copenhagen is intended to enhance service delivery to members, while enabling the club to...
- Daily Briefing
Free to read: Industry proposes mandatory $5bn decarbonisation research and development fund | Cartel fears behind block exemption disquiet |...
- China's Binhai LNG terminal uses $500m AIIB loan
A new receiving terminal in the Binhai district, estimated to cost $1.9bn, is expected to buffer China against gas shortfalls
- Philippines LNG project requests temporary suspension
The permit to proceed with the Tanglawan LNG project was due to expire this month after already being extended once...
- US amends rules to allow sale of 0.5% sulphur marine fuel
While IMO-compliant 0.5% fuel can now be sold and distributed under the rule change, EPA said 'the affected fuel may...
- Industry proposes mandatory $5bn decarbonisation R&D fund
Shipping companies would have to pay $2 per tonne of fuel oil that their ships consume, probably for 10 to...
|DECEMBER 18, 2019|
- NJ legislators renew push to break up Waterfront Commission
- E-commerce evolution forcing change at FedEx
- JNPT rail pricing under Indian government review lens
- Cartel warning as EC gathers block exemption feedback
- Shipping coalition pitches $5 billion fund for fossil-free fuels
- Maersk: No-shows plummet on guaranteed bookings
- K+N: Greener ocean services don't always come at a premium
- Convoy throws down automation gauntlet to brokers
|DECEMBER 18, 2019|
- Military presence in Strait of Hormuz poised to grow
Meanwhile, France has asked Germany to join its mission in the region
- Dorian LPG's advice for scrubber projects: prepare, communicate and be selective about yards
A strong believer in scrubber technology, Dorian LPG spends three to five months preparing for each installation
- Seacon Shipping books up to eight bulkers at Huangpu Wenchong
Expansion-minded Chinese player becomes first to order yard's latest design
- We recognise our role in perpetuating the climate crisis, and we're taking responsibility
International Chamber of Shipping secretary general Guy Platten admits that shipping has been slow to respond to global warming
- Solstad Offshore wins breathing space from bondholders
Norwegian owner gains backing for plan to suspend repayments until 31 March as it seeks refinancing deal
- Bouchard Transportation's future uncertain in wake of barge blast probe
Court papers shed light on the company's ongoing issues since fatal explosion in 2017
- Capital Product forges sale and leasebacks to grow fleet and refinance
Shipowner also agrees to buy three large containerships
- Gunvor claims top LNG ship charterer prize for 2019
Independent trader has quadrupled delivered volumes in three years and remains positive on market growth
- Fredriksen's Seatankers Management forges period charter for bulker newbuilding
Director says outfit will consider more deals if they make sense
- Hyundai Heavy scores $304m suezmax order from AET
Malaysian-controlled tanker owner is also homing in on its next order tranche as it pursues Petrobras tender
- Maersk drawn back into $1.5bn Petrobras chartering probe
Danish shipowner and two shipbrokers being investigated over deals carried out between 2002 and 2018, police and prosecutors say
- Scrubber-fitted VLCCs earn more than $100,000 a day
Pre-holiday booking boosts sentiment and scrubber-fitted vessels take advantage of widening fuel price spread
- Shipbroker Braemar ACM dives into LNG freight futures
Company says it will be offering execution services from the start of next week
- Bukser og Berging upgrades fleet with Olympic Subsea deal
Norwegian owner sells one anchor-handler into Chile while snapping for more powerful unit
- Bunker fund must not act as a smokescreen from a carbon tax
Shipowners' plan for $2 fuel levy may be well intentioned but is modest at best, and looks like a distraction from the central urgent issue.
- CMA CGM unveils new sustainability department after Maersk axe
French liner operator hires Guilhem Isaac Georges to lead new unit days after rival eliminates its dedicated department
- Trafigura eyes secondhand tanker acquisitions amid bullish freight outlook
The trading giant reckons strong market fundamentals could lead to healthy cash flows from tanker operations
- Contships snares more German tonnage in its move into feeders
Nikolas Pateras-led feeder specialist builds up fleet of smaller German units
- JERA snaps up Maran Gas LNG ship in time-charter deal
Trader expands its fleet with second Angelicoussis vessel as its free-on-board volumes grow
- Will Boris deliver for shipping, or be all mouth and no trousers?
The Conservative Party has promised austerity is over, but it is unclear if UK shipping will benefit
- Idle boxship numbers hit three-year high
Little hope that new US-China trade deal will boost sector in short term
- Japan blames South Korea for collapse of OECD yard talks
Attempt to draw up a legally binding international agreement on shipbuilding has been suspended
- BW LNG FSRU to depart for Porto do Acu project in Brazil
A BW LNG floating storage and regasification newbuilding for Gas Natural Acu's $2.2bn Porto do Acu LNG-to-power project in Brazil is set to leave Singapore at the end of this month. BW scoops FSRU job for Brazil's Port Acu plant Modification works have been completed on the 173,400-cbm BW Magna at Sembcorp Marine in Singapore. BW said the work had taken four months and included the installation
- LNG bunker tally mushrooms with up to 10 newbuildings expected at Dutch port
The Society for Gas as a Marine Fuel lists at least 22 ships on order, with enquiries hinting numbers are set to rise
- Greece's DEPA invites yard offers on LNGBV newbuilding sextet
Ports of Piraeus and Limassol set to net a bunker vessel each as companies target eastern Mediterranean
- Petrobras and Oxygen Maritime tankers snapped up at auction
Trading and scrap buyers prevail in Singaporean and Brazilian auctions
- Fincantieri seeks buyers as it closes down two Vard yards
Italian shipbuilding group focusing work at three Norwegian sites as 200 workers face redundancy
- Nobu Su's mother has financial assets frozen again
Court overturns suspension of freezing order after review of evidence
- Monjasa transition complete for game-changing IMO 2020
Group chief operating officer Svend Stendberg Molholt explains how forward planning was key to fuel switchover
- Monjasa showcases plans for IMO 2020 at bomb proof bunker port
Danish company demonstrates how it has adapted to new low-sulphur rules at its UK hub of Portland
- Fearnley Securities restarts 'dividend machine' Hafnia with buy
Analysts expect BW-owned product tanker owner to earn some serious money in "supercycle" next year
- NYK vehicle carrier to feel the breaker's burn
Falling global car sales see yet another car carrier sold for recycling
- Vagn Sorensen takes off as new Scandlines chairman
Aviation veteran assumes chairmanship of Baltic ferry player
- Shipowners back call for bunker tax and $5bn green fund
Industry backs proposal for $2 per tonne levy on fuel to fund research and development into reducing shipping's carbon footprint
|DECEMBER 18, 2019|
- Dawn recedes still further in FedEx's 'night'
FedEx on the ropes after awful fiscal q2 results, stock price plunge
- Drilling Deep: a big corporate writeoff in hydrocarbons; used trucks after Celadon
A recent big corporate writedown in the oil and gas sector was a big deal. But in this week's Drilling Deep podcast, host John Kingston...
- US proposes rule to let states import some Canadian prescription drugs
Food and Drug Administration cites need for lower prices and reduced out-of-pocket costs to U.S. patients.
- Harvest Partners acquires Lazer Spot as 'spotting' market matures
The company has built a thriving business based on principle of not making truck drivers wait.
- California conference sounds alarm about sea level rise, storms
California port officials and other speakers sounded the alarm about sea level rise and storm surge.
- Cass freight data declines again in November
Cass freight data shows softness again in November. While shipment declines extend to a full year, the rate of the declines may be moderating.
- Chinese all-cargo carrier to start US operations in 2020
SF Airlines isn't from San Francisco. It's an all-cargo carrier from Shenzhen, China, and it's coming to a U.S. airport near you - near someone...
- Pennsylvania trucking owner slapped with 18-month sentence for tax fraud scheme
This is the second time a Pennsylvania trucking company owner has been convicted of tax crimes.
- Stunning collapse as Daimler, BMW pull car-sharing service from North America
The departure raises questions about legacy auto companies aiming to compete with new entrants in the mobility sector.
- Volvo sells Japanese UD Trucks unit to Isuzu
Look for Volvo Trucks and Isuzu to start working together on electric and autonomous trucks next year.
- Commentary: Three ways startups are tackling food waste
For many people around the world, celebrating the holidays involves sharing food with family and friends. As we approach the holidays to celebrate the end...
- Freight Futures daily curve: 12/18
Trade flow powers Philadelphia to Chicago Futures contract 6.6% higher on Tuesday.
- Commentary: The GlobalTranz "Mafia" - where are they now?
Charley Dehoney writes about the founding of GlobalTranz and the companies that were begun by "alumni" of the "GlobalTranz Mafia."
- Pacific Northwest storm still on track, could delay holiday shipments (with forecast video)
Christmas, other year-end holiday packages may arrive late as high-impact storm develops.
- Steel City freight leaders collaborate, promote Pittsburgh's freight power
Michael Ceravolo and Jordan Reber believe collaboration and networking are key to strengthen community and relationships.
- Bain Capital to invest in Atlas Air's aircraft leasing unit
Atlas Air World Wide Holdings has a lot of debt on its books, so its dry leasing arm Titan Aviation got an outside injection of...
- Shipping unveils blueprint for collecting future carbon tax
As carbon tax on ocean shipping appears more likely, industry lays groundwork for future collection.
- Commentary: Railroad freight moves across a vertically integrated asset base
Railroad market voice Jim Blaze writes about technological advances that are making railroads' capital expenditures on infrastructure more efficient.
- Department of Transportation initiates loan program for short lines: Railway Age
The loans would enable short line railroads to pay for rehabilitation projects.
- Bulk carrier TransWood acquires Kane Transport
Liquid and dry bulk carrier TransWood, Inc. announces the acquisition of Kane Transport and its fleet of more than 150 tractors.
- NY-NJ state of freight: better warehouses and roads needed
How to best serve largest U.S. consumer market in dense, high-cost region is question for logistics industry.
- China-US trade truce is no trans-Pacific savior
Hopes that last week's trade deal might boost the beleaguered shipping lane are overly optimistic, says analyst.
- Capacity ratchets tighter, volumes steady into the holiday
Markets from Los Angeles and Ontario to Yuma, Salt Lake City, and Minnesota have suddenly tightened as routing becomes directionally constrained.
- Commentary: Foreign trade zones are not "free trade zones"
Darren Prokop writes about foreign trade zones and their impact on imports, exports and the economy.
- 8 key elements of supply chain digitization
The digitization of the supply chain is no longer a future vision but rather an ongoing transformative event, and those that put off the adoption...
- Today's Pickup: Isuzu Motors to acquire Volvo's UD Trucks for $2.3 billion
Isuzu buys Volvo's UD Trucks; U.S. industrial production climbs in November; DHL increases parcel delivery price in Germany.
- Starsky Robotics' remote-controlled trucks will give drivers the remote
"By employing remote drivers, we can make trucks fully driverless while still keeping humans in the loop," said Seltz-Axmacher.
- Shipping companies propose crash program to reduce CO2
Organizations representing 90% for the world's merchant fleet have proposed spending $5 billion on research to reduce or eliminate carbon emissions.
- Locix leverages data to provide spatial and contextual awareness to warehouses
Locix helps digitize physical spaces and provides real-time visibility to help businesses optimize logistics operations.
- Shippers: Liner low-sulfur surcharges are not ethical or transparent
New independent research reveals that lines are failing to adequately explain how IMO 2020 fuel bill surcharges are calculated.
- Convoy says 100% automated brokering is now a reality in select markets
Less than a year after automating the load-matching process, Convoy is now automating the brokerage side in select markets.
- Truckstop.com, Redwood Logistics partner to offer Book It Now functionality
Truckstop.com's Book It Now feature is available through Redwood Logistics' LoadRunner TMS, giving users of both services more options and a streamlined booking process.
- Study finds TuSimple trucks at least 10% more fuel efficient than traditional trucks
"Wow, this is a big differentiator," University of California San Diego researcher says.
- UK manufacturing exports remain weak, industry group says
Survey respondents expect pick-up in three months
|DECEMBER 18, 2019|
- European low sulfur fuel oil hits fresh highs in physical and paper markets
The price of 1% low sulfur fuel oil reached a five-month high in Northwest Europe Tuesday, in tandem with a rise in crude but also on demand for use as a blendstock component for 0.5% marine fuel for the nearing IMO 2020 mandate.
- Shipping industry proposes $5 billion clean fuel fund
The global shipping sector has proposed creating the world's first collaborative research and development program to help slash CO2 emissions from maritime transport, which, if adopted, could transform the fuels used to power the global trade in goods.
- French refinery strikes, higher LSFO support middle distillate cracks
A fire at Total's 247,000 b/d Gonfreville refinery -- the largest of France's seven refineries -- Saturday has affected a crude distillation unit, adding to supply issues amid widespread French strikes.
- IMO 2020 COUNTDOWN: Spread narrows between European MGO and 0.5%S FO bunkers
The pricing spread between 0.1%S marine gasoil and 0.5%S bunker squeezed to record levels in Europe this week, with tightening availability of the latter fuel as demand surges ahead of IMO 2020 next year.
- FUTURES 5: Oil futures settle flat after export jump pulls US crude stocks lower
Oil futures bounced off of early session lows to settled mixed Wednesday after US Energy Information Administration data showed US crude inventories fell during the week ended December 13.
- S Korea's delivered low sulfur bunker fuel price hits all-time high of $645/mt
"Availabilities are very tight, and demand is much more than supply," a South Korean trader said.